GOLD PRICE CLOSED UP $1.50 TO $2743.70

SILVER PRICE UP $0.15 TO $33.80

Gold ACCESS CLOSED $2742.10

Silver ACCESS CLOSED: $33.68

WE HAVE ENTERED OPTIONS EXPIRY WEEK WITH RESPECT TO COMEX GOLD AND SILVER CONTRACTS AND GOLD/SILVER OTC CONSTRACTS. WHERE THEY CROOKS ALWAYS WHACK THESE PRECIOUS METALS.

Bitcoin morning price:$68,254 UP 351 DOLLARS.

Bitcoin: afternoon price: $69,820 up 1917 DOLLARS

Platinum price closing UP $12.80 TO $1039.50

Palladium price; UP 18.35 TO $1221.15

END

*CANADIAN GOLD: $3808.49 DOWN 6.56 CDN dollars per oz( * NEW ALL TIME HIGH 3,811.18 CDN DOLLARS PER OZ//OCT 25 2024)

*BRITISH GOLD: 2113,93 DOWN 6.56 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2117,07 BRITISH POUNDS/OZ) OCT 25/2024

*EURO GOLD: 2,535.36 DOWN 8,.76 Euros per oz //* (ALL TIME CLOSING HIGH: 2.544/58 EUROS PER OZ//OCT 22 //.2024)

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END

EXCHANGE

EXCHANGE: COMEX
CONTRACT: OCTOBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,740.900000000 USD
INTENT DATE: 10/25/2024 DELIVERY DATE: 10/29/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

190 H BMO CAPITAL 11
686 C STONEX FINANCIA 1
737 C ADVANTAGE 14 1
905 C ADM 3

---

TOTAL: 15 15
MONTH TO DATE: 12,61

---

JPMorgan stopped 0/15

GOLD: NUMBER OF NOTICES FILED FOR OCT/2024. CONTRACT: 15 NOTICES FOR 1500 OZ  or  0.0466 TONNES

total notices so far: 12,611 contracts for 1,261,100 Oz (39.225 tonnes)

FOR  OCT

SILVER NOTICES:1 NOTICE(S) FILED FOR 5,000 OZ/

total number of notices filed so far this month : 1431 for 7.155 million oz

XXXXXXXXXXXXXXXXXX

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GLD/

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

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

WITH GOLD UP $1.50 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.02 TONNES OF GOLD FROM THE GLD.

/ /INVENTORY RESTS AT 889.78 TONNES

INVENTORY RESTS AT 889,78 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.15 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY INTO THE SLV: A WITHDRAWAL OF 1,431 MILLION OZ OF SILVER OUT OFTHE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 478.180 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A FAIR SIZED 483 CONTRACTS TO 155,062 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS FAIR LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR TINY LOSS OF $0.02 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING. WE HAD A FAIR GAIN OF 187 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE THE TINY LOSS OF $0.02  IN PRICE. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS ON FRIDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S CONTINUAL PRICE RISE. THIS LASTED ONE DAY AS SILVER FELL A BIT ON FRIDAY BUT REOVERED TO BE ONLY DOWN 2 CENTS. //. WE HAD SOME MINIMAL SHORT COVERING BY OUR SPECS DURING THE COMEX TIME ZONE FRIDAY..  WE HAD A  STRONG 670 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A STRONG 839 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING. IN ESSENCE WE GAINED A FAIR 339 CONTRACTS ON OUR TWO EXCHANGES WITH OUR SLIGHT LOSS IN PRICE

PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN 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 839 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS BUT TO NO AVAIL. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.

WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY ONLY 2 CENTS) AND WERE UNSUCCESSFUL IN KNOCKING ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A SMALL GAIN OF 187 TOTAL OI CONTRACTS ON OUR TWO EXCHANGES

WE HAD A STRONG 670 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 20,000 OZ QUEUE JUMP+ .195 MILLION OZ ISSUANCE OF EXCHANGE FOR RISK PRIOR//NEW TOTAL 7.405 MILLION OZ

//NEW STANDING FOR SILVER//OCT AT 7.405 MILLION OZ

WE HAD:

/ FAIR SIZED COMEX OI LOSS//HUGE SIZED EFP ISSUANCE/ VI)  HUGE SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 839 CONTRACTS)/PLUS THAT STUPID ISSUANCE OF .195 MILLION OZ OF EXCHANGE FOR RISK THURSDAY, OCT 10

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: removed 152 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 19 DAYS, total 16,657 contracts:   OR 83.285 MILLION OZ  (876 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  83.285 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; 83.285 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH)

RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 483  CONTRACTS DESPITE OUR TINY $0.02 LOSS IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE  CONTRACTS: 670 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 20,000 OZ TO WHICH WE ADD .195 MILLION OZ OF EXCHANGE FOR RISK ISSUANCE/PRIOR

//NEW TOTAL STANDING FOR OCT AT 7.405 MILLION OZ 

WE HAVE A FAIR GAIN OF 187 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 839 CONTRACTS ( WILL BE USED FOR MONDAY’S TRADING),//ZERO FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX SESSION, AS OUR CROOKS ARE DESPERATE TO CONTAIN SILVER’S PRICE AS IT ROSE A BIT ON THURSDAY BUT DOWN ON FRIDAY AS WE ARE EXPERIENCING OUR USUAL AND CUSTOMARY RAID ON OPTIONS EXPIRY WEEK.

/ ZERO SHORT COVERING FROM OUR SPEC SHORTS WITH THE SLIGHT LOSS 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   (839) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND LATELY ON A DAILY BASIS INCLUDING TODAY.

WE HAD 1 NOTICE(S) FILED TODAY FOR 5,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 2676 OI CONTRACTS  TO 567,807 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 XXX CONTRACTS//

WE HAD A TINY SIZED INCREASE  IN COMEX OI (266 CONTRACTS) OCCURRED DESPITE OUR GAIN OF $6.40 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 1000 OZ QUEUE JUMP

NEW STANDING ADVANCES TO  39.318 TONNES+ + 20.917 TONNES EXCHANGE FOR RISK/PRIOR// = 60.235 TONNES

/ ALL OF THIS HAPPENED WITH OUR $6.40 GAIN IN PRICE  WITH RESPECT TO FRIDAY’S COMEX TRADING///. WE HAD A STRONG GAIN OF 6662 OI CONTRACTS (20.72 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 AND THE STEEP RISE IN PRICE AFTER ONLY ONE DAY OF A RAID. THEY ARE TESTING EINSTEIN’S DEFINITION OF INSANITY AGAIN ON THIS FRIDAY MORNING.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 6396 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 565,397

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 6,662 CONTRACTS  WITH 266 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 6396 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 6662 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED 1650 CONTRACTS, WE HAD ZERO LIQUIDATION OF T.A.S CONTRACTS WITH OUR GAIN IN PRICE THURSDAY AS WE ALSO HAD MONTH END SPREADER LIQUIDATION THURSDAY AND IT IS ALSO HAPPENING IN THIS MORNING’S TRADING.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6396 CONTRACTS) ACCOMPANYING THE SMALL SIZED INCREASE IN COMEX OI OF 266 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 6662 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 1000 OZ QUEUE JUMP + 20.917 ISSUANCE OF EXCHANGE FOR RISK/PRIOR.

//NEW STANDING ADVANCES TO TO: /OCT 39.305 TONNES.  + 20.917 EX, FOR RISK/PRIOR = 60.235 TONNES

 / 3) CONSIDERABLE T.A.S. LIQUIDATION AND SPREADER LIQUIDATION (TRYING TO CONTAIN GOLD’S PRICE RISE TO NO AVAIL FRIDAY , AND WITH ZERO NET LONG SPECS BEING CLIPPED. STICKY GOLD’S LONGS WERE NOT FOOLED AND THEY WERE REWARDED FRIDAY AS GOLD RESUMES ITS ATMOSPHERIC RISE. WITH OPTIONS EXPIRY WEEK IN FULL THROTTLE, THE CROOKS ARE AGAIN TRYING TO CONTAIN GOLD’S RISE.

  4) SMALL SIZED COMEX OPEN INTEREST INCREASE 5)  STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///FAIR T.A.S.  ISSUANCE: 1650 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: 76,325 CONTRACTS OF 7,632,500 OZ OR 237.40 TONNES IN 19 TRADING DAY(S) AND THUS AVERAGING: 4017 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 19 TRADING DAY(S) IN  TONNES  237/40 TONNES

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

THUS EFP TRANSFERS REPRESENTS  237.40 DIVIDED BY 3550 x 100% TONNES = 6/67% 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. 237.40 TONNES (THIS WILL BE A WEAKER ISSUANCE THIS MONTH)

SPREADING OPERATIONS

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

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

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

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

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

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

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

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A STRONG SIZED 483 CONTRACTS OI  TO 155,214 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 670 CONTRACTS

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

DEC 670 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 2225 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI LOSS OF 331   CONTRACTS AND ADD TO THE 670 E.FP. ISSUED

WE OBTAIN A FAIR SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 187 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 0.975 MILLION OZ OCCURRED DESPITE OUR TINY  $0.02 LOSS  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 22.50 PTS OR 0.68%

//Hang Seng CLOSED UP 9.21 PTS OR 0.04%

// Nikkei CLOSED UP 691.61 PTS OR 1.82%//Australia’s all ordinaries CLOSED UP 0.13%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1273 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1382// Oil DOWN TO 67.67 dollars per barrel for WTI and BRENT UP AT 71.76 Stocks in Europe OPENED ALL MIXED

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A SMALL SIZED 266 CONTRACTS TO 565,397 WITH OUR  GAIN IN PRICE OF $6.40 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 HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (6396). AND THINGS MUST BE DESPERATE AS FIRSTLY ON 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, OCT 10 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 24 2024/(AS OUTLINED IN OUR GOLD PHYSICAL COMMENTARIES). 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 AND 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  HUGE SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A HUGE SIZED 6396 EFP CONTRACTS WERE ISSUED: :  /DEC  6396 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 6396 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 STRONG TOTAL OF 6662 CONTRACTS IN THAT 6396 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A SMALL GAIN OF 266 COMEX  CONTRACTS..AND THIS STRONG GAIN  ON OUR TWO EXCHANGES HAPPENED WITH OUR  GAIN IN PRICE OF $6.40 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 GOOD SIZED 1650 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 (60.235 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 39.318 TONNES + + 20.917 TONNES EXCHANGE FOR RISK PRIOR =60.235 TONNES

THE SPECS/HFT WERE  UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY  $6.40/)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A STRONG SIZED GAIN IN OUR TWO EXCHANGES. WE DID HAVE CONSIDERABLE T.A.S. SPREADER LIQUIDATION FRIDAY COUPLED WITH MONTH END SPREADER LIQUIDATION 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 MONDAY EVENING.

WE HAVE GAINED A TOTAL OF 28.21 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR OCT (33.651TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 1000 OZ QUEUE JUMP PLUS + 20.917 TONNES OF EXCHANGE FOR RISK//PRIOR

//NEW STANDING FOR OCT 39.318 TONNES.+ + 20.917 TONNES (EXCHANGE FOR RISK

NEW STANDING FOR OCT 39.3188 TONNES  + 20.917 TONNES EXCHANGE FOR RISK/PRIOR= 60.235 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR STRONG GAIN IN PRICE  TO THE TUNE OF $6.40

WE HAD 2410 CONTRACTS REMOVED  FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 6662 CONTRACTS OR 666,200 OZ (20.72 TONNES)

confirmed volume FRIDAY 163m858 contracts fair

//speculators have left the gold arena

END

OCT 28  OCT  GOLD CONTRACT

/ /// THE OCT 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	NIL oz           .
Deposit to the Dealer Inventory in oz	NIL
Deposits to the Customer Inventory, in oz	400.00 OZ Brinks/enhanced stored in london
No of oz served (contracts) today	15 notice(s) 1500 OZ 0.0466 TONNES
No of oz to be served (notices)	30 contracts    3000 OZ 0.0933 TONNES
Total monthly oz gold served (contracts) so far this month	12,611 notices 1,261,100oz 39.225 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 1 customer deposits

i) Brinks enhanced 400.00 oz one good London delivery bar

total deposits 400.000 oz 

withdrawals: 0

TOTAL WITHDRAWALS: NIL oz

adjustments: 1

JPMorgan: dealer to customer: 12,056.625 oz (375 kilobars)..London gold moving out

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR OCT.

For the front month of OCT: we have an oi of 45 contracts having LOST 6 contracts

We had 16 contracts filed on FRIDAY so we GAINED 10 contracts on our two exchanges or 10 CONTRACTS underwent a 1000 oz queue jump. This is central bank action grabbing all the physical they can.

NOVEMBER LOST 43 CONTRACTS TO STAND AT 969

DECEMBER, THE BIGGEST DELIVERY MONTH GAINED 877 CONTRACTS TO 438,496

We had 15 contracts filed for today representing 1500 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 10 notices issued from their client or customer account. The total of all issuance by all participants equate to 16 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 (12,611 x 100 oz ) to which we add the difference between the open interest for the front month of  OCT(45 CONTRACTS)  minus the number of notices served upon today  (15 x 100 oz per contract( equals  1,264,100 OZ  OR 39.318 TONNES. TO WHICH WE ADD THAT STUPID 20.917 TONNES OF EXCHANGE FOR RISK PRIOR, NEW TOTAL = 60.235 TONNES

thus the INITIAL standings for gold for the OCTOBER contract month:  No of notices filed so far (12,611 x 100 oz +we add the difference for front month of OCT  (45 OI} minus the number of notices served upon today (15 x 100 oz which equals  1,264,100 oz (39.288 TONNES)  + 20.917 EX. FOR RISK DELIVERY /PRIOR = 60.235 TONNES

TOTAL COMEX GOLD STANDING FOR OCT.: 60.235 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: 1,652,870.049  oz 51.41 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,043,406,171 OZ  

TOTAL REGISTERED GOLD 7,701,745.735/// 239.55tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,341,660.436 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,048,875 oz (REG GOLD- PLEDGED GOLD)= 188.140 tonnes //

END

SILVER/COMEX

OCT   28\ 2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	1,789,108.233oz Brinks CNT ASAHI Delaware .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	1,861,406.230 oz Brinks Loomis
No of oz served today (contracts)	1 CONTRACT(S)    (5,000 OZ)
No of oz to be served (notices)	11 contracts  (55,000oz)
Total monthly oz silver served (contracts)	1431 Contracts  (7.156 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : NIL oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  2 customer deposits

i) Into Brinks: 1,305,326.360 oz

ii) Into Loomis 560,079.870 oz

total customer deposits 1,861,406.230 oz

We had 4 withdrawals

i) out of CNT 575,419.642 oz

ii) out of Brinks 600,922.876 oz

iii) out of Asahi 600,691,349 oz

iv) Out of Delaware 12,074.955 oz

total withdrawal 1,789,108.235 oz

JPMorgan has a total silver weight: 134.401million oz/307.489million  or 43.72%

adjustment 0

TOTAL REGISTERED SILVER: 68.227MILLION OZ//.TOTAL REG + ELIGIBLE. 307.489million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR OCT

silver open interest data:

FRONT MONTH OF OCT /2024 OI: 12 OPEN INTEREST FOR A GAIN OF 2 CONTRACTS

WE HAD 2 CONTRACTS SERVED ON FRIDAY SO WE GAINED 4 CONTRACTS OR WE ENTERTAINED A 20,000 OZ QUEUE JUMP

NOVEMBER SAW A GAIN OF 1 CONTRACTS TO STAND AT 834

DECEMBER SAW A LOSS OF 1049 CONTRACTS DOWN TO 125,447 CONTRACTS

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1 for 5,000 oz

CONFIRMED volume; ON FRIDAY 74,574 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 1431x 5,000 oz = 7.155 MILLION oz 

to which we add the difference between the open interest for the front month of OCT (1) and the number of notices served upon today (1)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:  1431 Notices served so far) x 5000 oz + OI for the front month of OCT(1) number of notices served upon today minus (1)x 5000 oz of silver standing for the OCT contract month + .195 million oz ex. for risk/PRIOR equates to 7.405 MILLION OZ. 

 New total standing: 7.405 million oz.

There are 68.277 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 28 WITH GOLD UP $1.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.02 TONNES OF GOLD FROM THE GLD.// . // .///INVENTORY RESTS AT 889.78 TONNES

OCT 25 WITH GOLD UP $6.40 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: // . // .///INVENTORY RESTS AT 893.80 TONNES

OCT 24 WITH GOLD UP $19.60 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.44 TONNES // // . // .///INVENTORY RESTS AT 893.80 TONNES

 OCT 23 WITH GOLD DOWN $29.40 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.45 TONNES // // . // .///INVENTORY RESTS AT 895.24 TONNES

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

GLD INVENTORY: 889.78 TONNES, TONIGHTS TOTAL

SILVER

OCT 28  WITH SILVER UP 15 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 1.431 MILLION OZ OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 478.180 MILLION OZ

OCT 25  WITH SILVER DOWN $0,02 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A DEPOSIT OF 3.06 MILLION OZ INTO THE SLV..//// //INVENTORY AT SLV RESTS AT 480.281 MILLION OZ

OCT 24  WITH SILVER UP $0,01 : SMALL CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 0.684 MILLION OZ OF SILVER OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 477.177 MILLION OZ

OCT 23  WITH SILVER DOWN $1.15 : SMALL CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 0.228 MILLION OZ OF SILVER OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 477,861 MILLION OZ

 OCT 22  WITH SILVER $0.93 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A DEPOSIT OF 3.329 MILLION OZ OF SILVER INTO THE SLV..//// //INVENTORY AT SLV RESTS AT 478.089 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

CLOSING INVENTORY 478.180 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

Peter Schiff: Gold Is Exposing The Phony Economy

Saturday, Oct 26, 2024 – 04:20 PM

Via SchiffGold.com,

On this week’s episode, Peter covered a record setting week for gold and a stellar week for silver. With the metals nearly cresting $2800 and $35, respectively, Peter sees this price action as confirmation that the Fed’s recent rate cuts are a mistake. Politicians may love inflation, and the media is oblivious, but the metals markets know that America’s economic trajectory is unsustainable.

As Peter predicted, long-term interest rates are rising. Even though rate cuts are traditionally considered bearish for gold, gold is consistently reaching new highs and perplexing the media class:

“I said that when the Fed cuts short-term rates, that’s going to be the bottom for long-term rates, and they’re going to go up. And that’s exactly what’s happening. Long-term rates and gold prices are rising in tandem, which is the opposite of what most people think. They believe higher interest rates are bearish for gold, but gold is going up anyway. The mainstream financial media didn’t expect this. They thought when the Fed cut short-term rates, long-term rates would follow instead of going in the opposite direction.”

Why is this? The dollar is condemned to a future of continuous devaluation, and gold is the best hedge against de-dollarization. 

“We still have a weak economy. That’s not why rates are rising. Rates are rising for the same reason the gold price is rising. It’s because the Fed’s rate cuts are a mistake. The inflation genie is not back in the bottle. We’re going to have rising inflation. We’re going to have skyrocketing fiscal deficits, so bigger budget deficits. We’re going to have more supply of treasuries hitting the market, which, as I’ve said, are going to be monetized.”

Peter likens gold’s moves to the pre-2008 era, when the media and financial pundits were unaware of future inflation:

“They didn’t care about gold when it was $495 an ounce. And now that it’s $2,750 an ounce, they still don’t care about it because they have no idea what it means, or if they do, they certainly don’t want their audience to figure it out. … But when the Fed showed its hand and announced QE, gold took off. Initially, people— not just me— there was a chorus of people saying, ‘This is terrible, this is going to be massive inflation. You’ve got to buy gold.”

He reminds us that inflation is an intentional policy choice that benefits the political class at the expense of consumers:

“It’s a meltdown that’s being disguised by inflation. Again, that’s one of the reasons politicians like inflation because people feel like they’re richer. Their stock portfolios are going up. They’re getting a raise. And so they think things are good because the numbers are bigger, but it’s all an illusion. They’re actually getting poorer while they think they’re getting richer. That is what the politicians want.”

The problem with inflationary policy is that it can’t last forever, and when it fails, the government will be forced to either default or fire up the money printers. So far, politicians are opting to print away their problems:

“There’s two ways our creditors are going to lose. One is through an honest default where they get fewer dollars. The other is through inflation where they get all their dollars, but they have less purchasing power.”

Turning to the approaching election, Peter is cautiously optimistic about a Trump presidency. At best, Trump will attempt to reign in government spending, and even at his worst, he’ll be better than Kamala Harris:

“We’re going to have a crisis regardless of the outcome of this election. I would just rather have Trump’s team in office when it happens than the Harris team. Not that I’m 100% confident that the Trump team is going to do the right thing; I’m just 100% confident that the Harris team is going to do the wrong thing. So that’s basically where we are, right? And so we have to take the lesser of the evils and hope for the best with Trump.”

END

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

* * *

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 196 ANDREW MAGUIRE WITH MICHAEL OLIVER//OTHER GOLD COMMENTARIES

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

.

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED UP 22.50 PTS OR 0.68%

//Hang Seng CLOSED UP 9.21 PTS OR 0.04%

// Nikkei CLOSED UP 691.61 PTS OR 1.82%//Australia’s all ordinaries CLOSED UP 0.13%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1273 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1382// Oil DOWN TO 67.67 dollars per barrel for WTI and BRENT UP AT 71.76 Stocks in Europe OPENED ALL MIXED

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

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

ONSHORE YUAN:   CLOSED DOWN AT 7.1273

OFFSHORE YUAN: DOWN TO 7.1382

SHANGHAI CLOSED CLOSED UP 22.50 PTS OR 0.68%

HANG SENG CLOSED CLOSED UP 9.21 PTS OR 0.04%

2. Nikkei closed DOWN 229.37 POINTS OR 0.59%

3. Europe stocks   SO FAR:  ALL MIXED

USA dollar INDEX DOWN TO  104.06 EURO RISES TO 1.0817 UP 28 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.971 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 160.86…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA

3c Nikkei now  ABOVE 17,000

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

3e Gold DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.2785 Italian 10 Yr bond yield DOWN to 3.436 //SPAIN 10 YR BOND YIELD DOWN TO 2.975

3i Greek 10 year bond yield DOWN TO 3.152

3j Gold at $2732..00 /Silver at: 33.41  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 1/100  roubles/dollar; ROUBLE AT 97.25

3m oil into the 67 dollar handle for WTI and  71 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 152.71  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.971% 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 0.8661 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9370  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: 4.259 UP 3 BASIS PTS…

USA 30 YR BOND YIELD: 4.525 UP 3 BASIS PTS/

USA 2 YR BOND YIELD:  4.112 UP 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.29…

10 YR UK BOND YIELD: 4.2675 DOWN 1 PTS

10 YR CANADA BOND YIELD: 3.289 UP 2 BASIS PTS

5 YR CANADA BOND YIELD: 3.054 UP 2 PTS.

2a New York OPENING REPORT

Futures Higher As Performative Israeli ‘Retaliation’ Sends Oil Plunging

Monday, Oct 28, 2024 – 08:26 AM

As we enter the most hectic two-week period of the year, futures are stronger following the S&P’s first weekly loss in 7 weeks; both Tech and Small-Caps are outperforming with the yield curve bear steepening and USD flat reversing an earlier spike as a splunge in the yen also reversed following a shock outcome to Japan’s election this weekend which saw the ruling LDP lose its parliamentary coalition majority for the first time since 2009. A sense of relief swept through markets after Israel’s retaliatory strikes against Iran was just as performative as back in April, and avoided oil and nuclear facilities, with crude tumbling 5%. As of 8:00am ET, S&P futures were up 0.5%, but well off session highs; Nasdaq futures gained 0.6% with Mag 7 and semi stocks higher premarket. Oil/Energy commodities plunge, WTI down 6%, as the latest Israeli attack was another “straight to DVD” production and avoided energy facilities in Iran. Base metals have a bid but the balance of the commodity complex is lower. It’s an extremely busy week, with payrolls on Friday and over 40% of the S&P reporting earnings, but today’s macro calendar is light with only Dallas Fed calendar but keep any eye on Japanese politics and any potential read-through for the US yield curve and Credit demand.

In premarket trading, airlines, whose fuel costs are linked to oil prices, were among the biggest gainers while energy stocks fell.  Exxon Mobil (XOM) declined 2%, falling with other energy stocks amid a drop in Brent crude. Occidental Petroleum (OXY) -2%, Schlumberger (SLB ) -2% and others were also down big. United Airlines (UAL) gained 2%, climbing with other airline stocks which are getting a boost as a drop in Brent crude prices signaled a potential impact on jet fuel costs. Boeing declined after launching $19 billion share sale to address liquidity needs. Here are some other notable premarket movers:

• ADT (ADT) slips 2% after holder Apollo Global Management offers 56 million shares.
• Procept BioRobotics (PRCT) rises 14% after the surgical robotics company boosted its year forecast.
• Sunrun Inc. (RUN) gains 5% as the company is in discussions with data center developers to supply distributed solar power generation for their facilities.
• Delta Air Lines (DAL) +2%, American Airlines (AAL) +3%

Oil slumped more than 6%, while gold also retreated after Israeli jets struck military targets across Iran on Saturday, delivering on a vow to retaliate for a missile barrage at the start of the month, but the attack was far more muted than most had expected. Israel’s shekel strengthened the most among about 150 currencies tracked by Bloomberg.

Iran said its oil industry was operating normally following Israel’s attacks on military targets. That eased geo-political tensions as markets prepare for a week packed with key economic data and corporate earnings. Among those are results for five of the “Magnificent Seven” big-tech behemoths, as well as eurozone and US economic-growth prints and a monthly payrolls report. And then comes the presidential election on Nov. 5, with markets increasingly pricing in a stocks-boosting victory for Donald Trump and the Republicans.

“Four factors are driving US equities higher right now: better macro data, solid third-quarter earnings, rising expectations of a Republican sweep and lower risk of an escalation in the Middle East,” said Wolf von Rotberg, an equity strategist at Bank J. Safra Sarasin. The Magnificent Seven earnings “are likely to provide another lift to S&P 500 earnings growth,” he said.

For the US bond market, already stung by the worst selloff in six months, the coming days will be crucial, as they feature the Treasury Department’s announcement on Wednesday on the scale of its debt sales. The 10-year Treasury yield rose about two basis points, while a gauge of the dollar was steady.

In Europe, the Stoxx Europe 600 erased an early gain, as heavy losses in oil-related shares offset gains in construction and media stocks which were the best performers. Energy majors Shell Plc, TotalEnergies SE and BP Plc weighed on the gauge. Royal Philips NV dropped 18% after the Dutch medical-technology firm cut its sales outlook. Porsche AG shares fell after the German carmaker reported earnings that fell short of analysts’ expectations. Here are some of the biggest movers on Monday:

• Sonova shares rise as much as 6.4%, most since May and to the highest level in over two years, as analysts flag plans by Costco to resume selling Sonova’s hearing aids.
• Trainline shares rise as much as 12%, hitting their highest level in more than six months, after the e-ticketing platform raised its guidance for the second time this year.
• Opmobility shares surge as much as 13%, the most since Nov. 2020, after the French auto parts maker outperformed analyst expectations in the third quarter.
• Eurofins shares climb as much as 1.9% in Paris after the laboratory-testing company said it will buy Synlab’s clinical diagnostics operations in Spain.
• Philips shares plunge as much as 18%, the most since September 1998, after the Dutch medical-technology firm reported third-quarter sales that missed expectations and lowered its comparable sales forecast for the full year.
• Porsche shares fall as much as 3.8% after the German firm reported results on Friday evening where automotive free cash flow was called a major miss by Bernstein.
• Wacker Chemie shares fall as much as 1.7% after the German chemicals company’s third quarter Ebitda and free cash flow missed consensus estimates.
• Traton shares fall as much as 3.5% as the German truckmaker reported what analysts called unsurprising results, with Warburg pointing out that unlike Volvo and Paccar, the firm has yet to provide a FY25 market outlook.
• Computacenter shares drop as much as 2.1%, hitting their lowest level in more than a year, after the company warned it experienced a softer end to the third quarter than hoped and that annual adjusted pretax profits will be modestly below the year before.
• KPN shares fall as much as 2.5% as the Dutch telecom operator reported weaker-than-expected sales at its consumer-facing arm.

Earlier in the session, Asian stocks edged higher, as gains in Japan offset losses in some other markets in the region. The MSCI Asia Pacific Index rose as much as 0.3%, snapping a five-day drop, with Japanese exporters including Toyota Motor among the biggest boosts to the index after the yen extended losses. Political risk put pressure on the currency as investors mulled the implications of the failure by Japan’s ruling coalition to win a majority in parliament. Stocks swung between gains and losses in mainland China after profits at industrial firms declined at a faster pace in September compared with a month earlier. Investors will also be watching for earnings from Chinese banks for clues on the impact of Beijing’s stimulus measures. Shares in Hong Kong traded higher.

“Despite the political noise, yen weakness, more spending and structural corporate reforms in Japan may keep Japanese equities attractive, especially amid potential supply chain shifts and Japan’s role as a stable regional player,” said Charu Chanana, chief investment strategist at Saxo Markets in Singapore.

In FX, the Bloomberg Dollar Spot Index is little changed, drifting slightly lower as traders awaited key data including non-farm payrolls later this week. The yen underperformed all other Group-of-10 currencies after Japan’s ruling coalition failed to win a majority in parliament for the first time since 2009, setting the country up for a period of instability.  USD/JPY rose as much as 1% to 153.88, the highest since July, as a gamble by Prime Minister Shigeru Ishiba to call an early election backfired. Dollar buy stops above the Oct. 23 high of 153.19 were triggered, some of which were momentum-related, according to an Asia-based FX trader. However, since its earlier gap lower, the yen pared declines and at last check the USD/JPY was up 0.2% at 152.60, down more than 100 pips from session highs. “Uncertainty around whether Ishiba can continue as Prime Minister and also the formation of the next government in Japan will likely keep some weakening pressure in JPY in the near-term,” MUFG analyst Michael Wan writes in note.

In rates,longer-dated Treasuries remain slightly cheaper on the day, with yields in retreat following an opening gap higher as oil slumps. 10-year yields rose 2bps to 4.26%, after rising as high as 4.29% earlier; Longer-dated yields are cheaper by 1bp-2bp with shorter maturities little changed, steepening 2s10s and 5s30s spreads by ~1bp; UK and German 10-year yields are now slightly lower with bunds and gilts in the sector outperforming by 2.5bp and 3bp on the day. US session includes auctions of 2- and 5-year notes, while Fed officials are in self-imposed quiet period ahead of Nov. 7 policy announcement. The final Treasury auction cycle of the August-to-October financing quarter begins with $69b 2-year note at 11:30am New York time, followed by $70b 5-year note at 1pm. Cycle concludes Tuesday with $44b 7-year notes

In commodities, oil prices gapped lower at the open and slid further during the European morning session, aiding a rebound in European government bonds. Brent was about 6% lower after the much-awaited Israeli attack on Iran steered clear of oil infrastructure

Looking at today’s US economic data calendar we only have the October Dallas Fed manufacturing activity at 10:30am; ahead this week are JOLTS job openings, consumer confidence, ADP employment change, PCE price indexes and jobs report. Tech giants slated to report quarterly results this week include Google, Meta, Microsoft, Apple and Amazon

Market Snapshot

• S&P 500 futures up 0.5% to 5,878.00
• STOXX Europe 600 up 0.3% to 520.60
• MXAP up 0.3% to 187.06
• MXAPJ little changed at 600.08
• Nikkei up 1.8% to 38,605.53
• Topix up 1.5% to 2,657.78
• Hang Seng Index little changed at 20,599.36
• Shanghai Composite up 0.7% to 3,322.20
• Sensex up 1.0% to 80,232.43
• Australia S&P/ASX 200 up 0.1% to 8,221.52
• Kospi up 1.1% to 2,612.43
• German 10Y yield little changed at 2.32%
• Euro up 0.1% to $1.0812
• Brent Futures down 4.6% to $72.57/bbl
• Gold spot down 0.4% to $2,736.26
• US Dollar Index little changed at 104.31

Top Overnight News

• Boeing Co. launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade to junk. Goldman is lead underwriter: BBG
• Chinese industrial profits dive in Sept, raising anticipation even further for the upcoming NPC (11/4-8), at which Beijing is expected to unveil additional fiscal steps aimed at bolstering the economy. SCMP
• The yen slid to a three-month low after Japan’s ruling LDP coalition failed to win a majority in parliament, setting the stage for more political wrangling. Export-related companies led Nikkei 225 gains. BBG
• BOJ officials pledge to improve their communication with markets to avoid the type of turmoil sparked by its Aug rate hike. RTRS
• Israel’s assault on Iran early Saturday, coordinated with Washington and limited to missile and air defense sites, was more restrained than many expected and may help diplomatic efforts to return hostages and limit the combat in both Lebanon and Gaza. BBG
• France’s credit rating was placed on neg. watch by Moody’s due to the country’s rising fiscal challenges. BBG
• Economists increasingly worried about upside inflation risks after the election as Harris and Trump have both proposed policies that could push prices higher (although Trump’s agenda is much more inflationary than Harris’s platform). WSJ
• VW aims to close at least three German plants, the company’s top labor official said. The carmaker is also seeking a 10% salary cut for all employees, the works council said. BBG
• Russia is receiving top-end Dell servers, containing AI chips made by Nvidia or AMD, from an Indian pharma company, trade-tracking data show. The findings underscore the holes in US and EU attempts to shut off Moscow’s access to sensitive technology. BBG

A more detailed look at global markets courtesy of Newsquawk

APAC stocks were mostly positive as markets digested key events over the weekend including Israel’s strike on Iran which was aimed at military targets and not petroleum or nuclear facilities, while the election in Japan saw the ruling coalition lose its majority. ASX 200 traded indecisively as gains in tech and the mining sectors offset the weakness in real estate, utilities and energy. Nikkei 225 quickly shrugged off the initial post-election jitters and surged on the back of a weaker currency and prospects that the political uncertainty could delay the resumption of the BoJ’s rate normalisation. Hang Seng and Shanghai Comp swung between gains and losses but ultimately eked mild gains after the PBoC announced it is to utilise outright reverse repo operations today, which will be conducted on a monthly basis and is a new policy tool aimed at managing liquidity.

Top Asian News

• PBoC announced to conduct an outright reverse repo operation today and will conduct monthly outright reverse repo operations once a month with a tenor of less than one year which it will use to trade with primary dealers in the opening market. Chinese press noted that the PBoC’s new outright reverse repo will cover tenors including 3-month and six-month, while it will improve liquidity adjustments in the year ahead with the tool meant to counteract the maturing Medium-term Lending Facility loans towards year-end.
• CNOOC (883 HK) Q3 (CNY): Net 36.9bln, +9% Y/Y, Revenue 99.2bln (prev. 114.8bln Y/Y).
• Sinopec (386 HK) Q3 (CNY) IFRS Net 8.03bln, -55% Y/Y.

European bourses, Stoxx 600 (+0.4%) are almost entirely in the green (ex-AEX), with traders garnering optimism following the relatively moderate Israeli attack on Iran, which saw the former avoid hitting energy/nuclear facilities; indices have slipped off best levels in recent trade. European sectors hold a strong positive bias; Construction & Materials takes the top spot with Chemicals in second and Media in third. Energy is by far the clear underperformer, hampered by losses in the crude complex, following the aforementioned geopolitical updates. US Equity Futures (ES +0.4%, NQ +0.5%, RTY +0.4%) are entirely in the green, continuing the price action seen in Europe, which have ultimately benefited from the moderate Israeli attacks on Iran over the weekend.

Top European News

• UK PM Starmer said the Budget will include tough decisions and a long-term plan, with Chancellor Reeves due to announce tax hikes and extra borrowing, according to Bloomberg. The Times suggests that tax hikes could amount to GBP 35bln.
• UK Chancellor Reeves said the UK government is to announce GBP 500mln in aid from energy suppliers, while the announcement could be made in the upcoming budget.
• UK retail investors are “piling” into Gilts amid fears that the Labour government will raise the capital gains tax rate on shares in the budget this week, according to The Times.
• ECB’s Knot said he expects the Eurozone economy will strengthen and inflation risks have become more balanced, while he added it is too soon to declare victory over inflation and that it is important the ECB keeps all options on rates. Furthermore, Knot said need to see a bit more conviction that wages will fall as forecast and the labour market is tight, as well as noted that the market has brought forward the path for rate cuts and they will have to see in December if that was over-enthusiastic.
• ECB’s Nagel said they shouldn’t be too hasty in taking action on rates.
• Georgian President Zourabichvili said regarding the election results that they have been the victims of a Russian special operation and that Georgian authorities took away citizens’ right to choose, while she does not recognise the election results due to fraud and called for protests against the results. Furthermore, European Council President Michel said they call on Georgia’s central election committee and other authorities to swiftly, transparently and independently investigate and adjudicate electoral irregularities and allegations.
• Moody’s affirmed France at Aa2; Outlook revised to negative from stable.

Japanese Election

• Japan’s ruling coalition lost its parliamentary majority in Sunday’s election in which the LDP and its junior coalition partner won 209 seats with all but 20 of the 465 seats accounted for, which is short of the 233 needed for a majority although the ruling party may seek partners in an effort to form a government, according to reports citing Japanese press.
• Japanese PM Ishiba said the election results were very difficult, while he responded “That would be the case” when asked if he would continue in his current position despite the election results. Furthermore, Ishiba commented that they cannot allow any gaps in domestic politics amid very difficult security and economic conditions, while he added that they must go ahead with various measures including compiling an extra budget. Furthermore, Ishiba said he is not thinking at this moment specifically about a new coalition and will compile an economic stimulus package and extra budget taking into account various parties’ ideas.
• Japan’s gov’t & ruling bloc are to arrange to convene a special parliament session to vote on the PM on November 11th, via Kyodo.

FX

• USD is mixed vs. peers (softer vs. EUR, firmer vs. JPY) with DXY a touch lower but firmly on a 104 handle. Today’s docket is fairly thin, but picks up in the form of US ADP, GDP, PCE, NFP and ISM Manufacturing all due later in the week.
• EUR is firmer vs. the USD and the best performer across the majors in an attempt to claw back recent losses that dragged the pair as low as 1.0760 last week. EUR/USD has made its way back onto a 1.08 handle but is yet to threaten Friday’s 1.0839 peak.
• GBP is marginally firmer vs. the USD but with Cable unable to make its way above Friday’s high at 1.2999 and back onto a 1.30 handle. UK Budget will be in focus this week; Chancellor Reeves is expected include a series of tax hikes but ultimately be viewed as expansionary. For now, Cable is pivoting around its 100DMA at 1.2969.
• JPY is the laggard across the majors following the Japanese general election which has seen the ruling coalition lose its parliamentary majority. USD/JPY has made its way onto a 153 handle and is now at levels not seen since late July.
• Antipodeans are both flat vs. the USD. After printing a fresh multi-month low overnight, AUD/USD has pared losses and moved back above the 0.66 mark. NZD/USD remains stuck on a 59 handle.
• PBoC set USD/CNY mid-point at 7.1307 vs exp. 7.1311 (prev. 7.1090).

Fixed Income

• USTs are pressured by the removal of geopolitical risk premia though also find themselves off lows as the pullback in energy prices begins to weigh on yields and exert upward pressure on benchmarks; though, still very much in the red. US docket is front-loaded on account of the Fed, with 2yr & 5yr supply today serving as another bearish factor and likely explaining the relative. USTs are currently trading around 110-25 and off the lows of 110-18+.
• Bunds are on the back-foot given the aforementioned removal of geopolitical risk premia. Overnight pressure was also a function of ECB speakers, with Knot & Nagel both making relatively hawkish remarks; in recent trade, the complex has lifted off worst levels, given the continued pressure in oil prices; currently looking to test 133.00 to the upside.
• Gilts are softer in-fitting with the above but finding itself under slightly more pressure with the count down to the budget in its final stages. Gilts gapped lower by 71 ticks before slipping a handful further to a 95.52 trough.

Commodities

• The crude complex is under marked pressure after Israel’s retaliation against Iran targeted military targets and avoided petroleum or nuclear facilities. Attacks which caused crude to gap lower by around USD 3/bbl before slipping further to current troughs of USD 67.14/bbl and USD 71.00/bbl respectively for WTI & Brent.
• Spot gold is softer, as the metal is tarnished by the removal of some geopolitical premia from the market after Israel’s retaliation. Pressure which has taken gold to a USD 2724/oz base, still comfortably above the last two week’s troughs at USD 2717/oz and USD 2715/oz respectively.
• Base metals are under pressure despite the constructive risk tone. However, the pressure is relatively modest in nature with 3M LME Copper comfortably clear of USD 9.5k.
• China’s September YTD gold output fell 1.17% Y/Y to 268 metric tons and gold consumption fell 11.18% Y/Y to 741.7 metric tons, according to the Gold Association.

Geopolitics: Middle East

• Parties concerned (re. Israel) are looking into the possibility of resuming negotiations and meeting technical teams within days, via AJ Breaking.
• Israel conducted a military strike on targets in Iran early on Saturday and the military said the retaliatory strike has been completed with the objectives achieved, while targets included missile manufacturing facilities used by Iran in its attacks on Israel over the past year. Furthermore, a US official noted that Israel’s strikes were on military targets in Iran as opposed to oil infrastructure or nuclear sites, while Iran said the Israeli strike killed four people who all served in the country’s military air defence.
• Israeli PM Netanyahu said the Israeli air force hit hard Iran’s ability to defend itself and its ability to produce missiles, while he added Israel’s attack on Iran was strong, precise and achieved all of their objectives, according to Reuters.
• Israeli politicians inside and outside PM Netanyahu’s coalition lamented the strikes as not aggressive enough, according to The New York Times. It was also reported that estimates in Israel indicate Iran would need a year before it can rebuild its missile capabilities, according to Sky News Arabia.
• Israel’s Channel 13 quoted military officials that stated they do not rule out that the Air Force will have to carry out another military operation in Iran in which any further attack on Iran will focus on government targets and infrastructure, while they will not strike any Iranian nuclear targets in any new attack, according to Sky News Arabia.
• Israel expects that Iran would launch a counterattack against the Jewish state in response to its successful strike against Iranian military targets including missile production facilities, according to security sources cited by Jerusalem Post.
• Iran’s Supreme Leader Khamenei said Israel’s attack should neither be downplayed nor exaggerated and noted officials should determine how best to demonstrate Iran’s power to Israel, according to IRNA.
• Iran’s President said Iran is not seeking war but will respond appropriately to Israel’s attack, according to state media.
• Iran’s Foreign Minister said Iran has no limits in defending its territorial integrity, according to Tasnim. The minister also stated in a letter to the UN Secretary-General that Tehran reserves the right to respond to Israel’s criminal aggression.
• Iranian air defence said Israel attacked certain military centres in Tehran, Khuzestan and Ilam, while it successfully tracked and countered Israeli aggression although limited damage was caused to some locations, according to Reuters. It was also reported that Israel sent a message to Iran before the attack and warned it not to respond, according to Axios. Furthermore, Sky News Arabia quoted unanimous sources that stated Iran informed Israel through a foreign mediator that it will not respond to the strike.
• IRGC commander said the Israeli attack failed to achieve its goals and the failure confirms Israel’s miscalculation, while the commander added that bitter and unimaginable consequences await Israelis, according to Sky News Arabia.
• US President Biden said he hopes the Israeli strikes against Iran are the end and it looks like Israel didn’t hit anything except military targets. It was separately reported that a senior Biden official said the direct military exchange between Israel and Iran should be over and warned that there will be consequences for Iranian responses, according to Reuters.
• Israel conducted an airstrike that targeted some military sites in central and southern areas of Syria, according to Syrian state media.
• Hezbollah urged residents of more than two dozen Israeli settlements to immediately evacuate and said these settlements have become bases for the Israeli military and are now legitimate targets. Hezbollah also said it targeted Israel’s Tel Nof airbase south of Tel Aviv with drones, according to Reuters.
• Egyptian President Sisi said Egypt proposed a two-day ceasefire in Gaza to exchange four Israeli hostages with some Palestinian prisoners, while he added talks will take part within 10 days of implementing a temporary ceasefire to reach a permanent one. However, Israeli media later reported that two ministers rejected the proposal by Egypt regarding a Gaza ceasefire, according to Sky News Arabia.
• Iran’s Interior Ministry said ten Iranian border guards were killed in the attack in southeastern Iran in the latest clash with suspected Sunni Muslim militants.

Geopolitics: Other

• Russian President Putin said he hopes NATO heard his words about permitting Ukraine to fire Western long-range weapons at Russia and warned Russia will use a range of responses if Ukraine is permitted to strike into Russia with Western long-range weapons, according to TASS.
• Russian forces took control of the village of Izmailivka in Ukraine’s Donetsk region and captured Oleksandropil in eastern Ukraine, according to RIA.
• NATO said a high-level delegation from South Korea will brief the North Atlantic Council on Monday regarding North Korean troop deployment to Russia.
• Foreign and defence ministers from South Korea and the US will hold talks on October 31st.
• US State Department approved the potential sale of radar turnkey systems to Taiwan for an estimated cost of USD 828mln and the potential sale of advanced surface-to-air missiles system to Taiwan for an estimated cost of USD 1.19bln. It was also reported that China said it filed a diplomatic complaint with the US and reserved the right to retaliate after the weapons sales to Taiwan, according to Bloomberg.

US Event Calendar

• 10:30: Oct. Dallas Fed Manf. Activity, est. -9.2, prior -9.0

DB’s Peter SIdorov concludes the overnight wrap

For markets, the positive mood that dominated so far this autumn saw a mini-scare last week, as the S&P 500 fell for the first time in six weeks, while the bond sell-off continued apace. There’ll be plenty to test the market nerves with this week’s bumper set of data releases, including US payrolls on Friday, and earnings reports, with five of the Magnificent 7 reporting. Meanwhile, the tight US election campaign will enter its final stretch.

One market fear that has eased over the weekend is escalation risks in the Middle East. This comes as overnight into Saturday Israel carried out retaliatory strikes against Iran, but with these targeting military facilities and avoiding oil or nuclear installations. The targeted scope of the attack and the absence of an immediate retaliation signal have seen markets price out some of the geopolitical risk premium. Brent crude is down around -4.5% lower to below $73/bbl in Asia trading, reversing last week’s 4% rise. Gold is down -0.60% from Friday’s record high, while US equity futures are posting decent gains with those on S&P 500 and NASDAQ +0.50% and +0.65% higher, respectively.

Meanwhile, Treasuries are extending their recent decline. 10yr yields are +3.2bps higher to 4.27% as I type, their highest level since July, having now risen by 65bps from their September lows. This rise has come amid both rising term premia, partly driven by concerns about US fiscal deficits, and growing skepticism that the Fed will deliver rapid rate cuts given solid US data. Indeed, Fed funds futures for end-25 are up to 3.53% this morning, having priced out three 25bps cuts over the past six weeks.
With the Fed now in the blackout period ahead of next Thursday’s meeting, the data will be doing the talking this week, with the marquee release being the October payrolls report on Friday. Our US economists foresee a sizeable slowing in headline (+100k forecast vs. 254k previously) and private (+75k vs. 223k) payrolls. However, this envisages a nearly -70k drag due to striking workers (mostly Boeing) and the weather impact of Hurricane Milton. The weather effect may also push up average hourly earnings (+0.6% vs. +0.4%). DB expects unemployment to tick up a tenth to 4.2% amid rising labour force participation, but the risk is that it remains at 4.1%. Given the likely noise in the payrolls, the market may pay extra attention to Tuesday’s JOLTS report for September. Given the strong September payrolls, the hiring rate may pick up from the historically low 3.3% in August. The last JOLTS print also saw the quits rate, one of the best leading indicators of wage growth, fall to 2.1%, its weakest since 2015 if one excludes the first few months of Covid. Other labour market data will include the Q3 Employment Cost Index reading (DBe: +0.9% vs. +0.9%), which is the Fed’s preferred measure of wage growth.

In other US data, we will pay attention to the September personal income release on Thursday, which includes the Fed’s preferred core PCE inflation measure. DB expects core PCE inflation to rise by +0.29% (vs. +0.13% previously), its strongest since March. And Wednesday’s advance Q3 real GDP is expected to show continued solid growth (DBe +2.7% vs. +3.0% previously). On the fiscal side, we have the US Treasury refunding announcement, with borrowing estimates on Monday and the refunding policy statement on Wednesday. Our rates strategists’ preview can be found here.

Over in the euro area, the highlights will be the Q3 GDP print on Wednesday and the October flash inflation release on Thursday, with the latter preceded by the Spain and Germany CPI prints on Wednesday. Our European economists see headline euro area inflation rising from 1.7% to 1.9% but with core inflation slowing by a tenth to +2.6%, which would be its lowest level since January 2022. See our economists Inflation Chartbook here for more.

In the UK, the focus will be on the Autumn Budget on Wednesday. This will be the Labour Government’s first budget in almost 15 years and our UK economist previews it here. Over in Asia, we will have the latest BOJ decision on Thursday, where a hold is widely expected (see our Japan economist’s preview here). And in China, the official PMIs on Thursday and the Caixin manufacturing PMI on Friday will be closely watched to gauge the effectiveness of the stimulus measures outlined by Beijing over the past month.

It will be a bumper week for earnings, with more than 40% of the S&P 500 by market cap expected to report. Following on the blockbuster earnings report from Tesla last week, five more of the Magnificent 7 are reporting this week, including Alphabet (Tuesday), Microsoft and Meta (Wednesday), Apple and Amazon (Thursday). See the rest of the week’s earnings and data releases in the day-by-day calendar at the end.

Last but certainly not least, the US election campaign will enter its final weekahead of the next Tuesday’s vote. Over 40 million early votes have already been cast and the latest polls continue to show a very tight race. The FiveThirtyEight average gives Harris a 1.5pp lead in national polls, but with a 0.6pp lead for former President Trump on average across the seven swing states, all of which see leads of less than 2pp for either candidate. The RealClearPolitics betting average now has former President Trump with a 61% likelihood of victory. That’s the highest it’s been since President Biden dropped out of the race in July, though it has largely stabilised in the past week.

Sticking with politics, a key event over the weekend was Japan’s Lower House election on Sunday, which saw the LDP-led ruling coalition lose its majority for the first time since 2009, getting 215 out of 465 seats. With the main opposition CDP well short of a majority on 148 seats, this leaves a highly uncertain political situation. See our Japan economist’s reaction note here for a discussion of the key points to watch on how this uncertainty will be resolved.

Following on the vote, the Japanese yen is -0.77% lower against the dollar this morning, sliding past the 153 level and touching its lowest level since July. In response, Japanese stocks are rallying this morning with the Nikkei 225 and the Topix trading +1.72% and +1.38% higher, respectively, while 10yr JGB yields are 1.5bps higher at 0.95% as I type. Other Asian markets are showing mixed moves. Chinese markets are mostly lagging behind with the Hang Seng (-0.24%) and the CSI (-0.21%) trading in the red, though the Shanghai Composite is up +0.17%. Elsewhere, the KOSPI (+0.79%) is also trading decently higher whilst the S&P/ASX 200 struggling to find direction in early trading with key inflation data due later this week.

Staying on Asia, data over the weekend showed that industrial profits in China fell -27.1% in September from a year earlier, marking the largest decline this year.

Recapping last week now, markets finally slipped back after a relentless run higher over the preceding weeks, with the S&P 500 ending a run of 6 consecutive weekly gains. By the end of the week, the index was down -0.96% (-0.03% Friday). The Magnificent 7 outperformed, rising by +3.49% over the week (+1.27% Friday) led by Tesla’s +21.97% gain. By contrast, the small cap Russell 2000 fell -2.99% (-0.49% Friday), marking its biggest weekly underperformance versus the Mag-7 since early July. Outside the US, equities mostly struggled, with Europe’s STOXX 600 falling -1.18% (-0.03% Friday), and Japan’s Nikkei down -2.74% (-0.60% Friday).

Sovereign bonds also lost ground last week, and US Treasuries fell back in particular. By the end of the week, the 10yr Treasury yield was up +15.7bps (+2.8bps Friday) to 4.24%, while the 2yr yield was up +15.8bps (+2.6bps Friday). Friday’s move higher was supported by the University of Michigan’s final consumer sentiment index for October, which saw its highest reading in 6 months (70.5 vs. 69.0 expected). European sovereign bonds also lost ground, with yields on 10yr bunds up +10.8bps last week, whilst those on 10yr OATs were up +14.7bps.

2B) European report.

Equities lifted and oil sinks as traders digest Israel’s limited strike on Iran – Newsquawk US Market Open

Monday, Oct 28, 2024 – 06:38 AM

• European bourses are on a firmer footing, traders garnering optimism following the relatively moderate Israeli attack on Iran, which saw the former avoid hitting energy/nuclear facilities; US futures also benefit.
• USD is mixed, losing vs EUR & GBP but significantly stronger vs JPY after the Japanese general election which has seen the ruling coalition lose its parliamentary majority.
• Bonds are pressured by the removal of geopolitical risk premia, but have lifted off lows in recent trade given the continued pressure in oil prices.
• Crude gapped lower overnight and has continued to slip since the European cash open; Brent Jan’25 currently at lows of USD 71/bbl. XAU/base metals are also pressured.
• Looking ahead, Japanese Unemployment, Comments from BoC Governor Macklem & ECB’s de Guindos, Supply from US, Earnings from Waste Management, Welltower, Ford.

EUROPEAN TRADE

EQUITIES

• European bourses, Stoxx 600 (+0.4%) are almost entirely in the green (ex-AEX), with traders garnering optimism following the relatively moderate Israeli attack on Iran, which saw the former avoid hitting energy/nuclear facilities; indices have slipped off best levels in recent trade.
• European sectors hold a strong positive bias; Construction & Materials takes the top spot with Chemicals in second and Media in third. Energy is by far the clear underperformer, hampered by losses in the crude complex, following the aforementioned geopolitical updates.
• US Equity Futures (ES +0.4%, NQ +0.5%, RTY +0.4%) are entirely in the green, continuing the price action seen in Europe, which have ultimately benefited from the moderate Israeli attacks on Iran over the weekend.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is mixed vs. peers (softer vs. EUR, firmer vs. JPY) with DXY a touch lower but firmly on a 104 handle. Today’s docket is fairly thin, but picks up in the form of US ADP, GDP, PCE, NFP and ISM Manufacturing all due later in the week.
• EUR is firmer vs. the USD and the best performer across the majors in an attempt to claw back recent losses that dragged the pair as low as 1.0760 last week. EUR/USD has made its way back onto a 1.08 handle but is yet to threaten Friday’s 1.0839 peak.
• GBP is marginally firmer vs. the USD but with Cable unable to make its way above Friday’s high at 1.2999 and back onto a 1.30 handle. UK Budget will be in focus this week; Chancellor Reeves is expected include a series of tax hikes but ultimately be viewed as expansionary. For now, Cable is pivoting around its 100DMA at 1.2969.
• JPY is the laggard across the majors following the Japanese general election which has seen the ruling coalition lose its parliamentary majority. USD/JPY has made its way onto a 153 handle and is now at levels not seen since late July.
• Antipodeans are both flat vs. the USD. After printing a fresh multi-month low overnight, AUD/USD has pared losses and moved back above the 0.66 mark. NZD/USD remains stuck on a 59 handle.
• PBoC set USD/CNY mid-point at 7.1307 vs exp. 7.1311 (prev. 7.1090).
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• USTs are pressured by the removal of geopolitical risk premia though also find themselves off lows as the pullback in energy prices begins to weigh on yields and exert upward pressure on benchmarks; though, still very much in the red. US docket is front-loaded on account of the Fed, with 2yr & 5yr supply today serving as another bearish factor and likely explaining the relative. USTs are currently trading around 110-25 and off the lows of 110-18+.
• Bunds are on the back-foot given the aforementioned removal of geopolitical risk premia. Overnight pressure was also a function of ECB speakers, with Knot & Nagel both making relatively hawkish remarks; in recent trade, the complex has lifted off worst levels, given the continued pressure in oil prices; currently looking to test 133.00 to the upside.
• Gilts are softer in-fitting with the above but finding itself under slightly more pressure with the count down to the budget in its final stages. Gilts gapped lower by 71 ticks before slipping a handful further to a 95.52 trough.
• Click for a detailed summary

COMMODITIES

• The crude complex is under marked pressure after Israel’s retaliation against Iran targeted military targets and avoided petroleum or nuclear facilities. Attacks which caused crude to gap lower by around USD 3/bbl before slipping further to current troughs of USD 67.14/bbl and USD 71.00/bbl respectively for WTI & Brent.
• Spot gold is softer, as the metal is tarnished by the removal of some geopolitical premia from the market after Israel’s retaliation. Pressure which has taken gold to a USD 2724/oz base, still comfortably above the last two week’s troughs at USD 2717/oz and USD 2715/oz respectively.
• Base metals are under pressure despite the constructive risk tone. However, the pressure is relatively modest in nature with 3M LME Copper comfortably clear of USD 9.5k.
• China’s September YTD gold output fell 1.17% Y/Y to 268 metric tons and gold consumption fell 11.18% Y/Y to 741.7 metric tons, according to the Gold Association.
• Click for a detailed summary

NOTABLE DATA RECAP

• UK Lloyds Business Barometer (Oct) 44 (Prev. 47)
• Spanish Retail Sales YY (Sep) 4.1% (Prev. 2.3%)

NOTABLE EUROPEAN HEADLINES

• UK PM Starmer said the Budget will include tough decisions and a long-term plan, with Chancellor Reeves due to announce tax hikes and extra borrowing, according to Bloomberg. The Times suggests that tax hikes could amount to GBP 35bln.
• UK Chancellor Reeves said the UK government is to announce GBP 500mln in aid from energy suppliers, while the announcement could be made in the upcoming budget.
• UK retail investors are “piling” into Gilts amid fears that the Labour government will raise the capital gains tax rate on shares in the budget this week, according to The Times.
• ECB’s Knot said he expects the Eurozone economy will strengthen and inflation risks have become more balanced, while he added it is too soon to declare victory over inflation and that it is important the ECB keeps all options on rates. Furthermore, Knot said need to see a bit more conviction that wages will fall as forecast and the labour market is tight, as well as noted that the market has brought forward the path for rate cuts and they will have to see in December if that was over-enthusiastic.
• ECB’s Nagel said they shouldn’t be too hasty in taking action on rates.
• Georgian President Zourabichvili said regarding the election results that they have been the victims of a Russian special operation and that Georgian authorities took away citizens’ right to choose, while she does not recognise the election results due to fraud and called for protests against the results. Furthermore, European Council President Michel said they call on Georgia’s central election committee and other authorities to swiftly, transparently and independently investigate and adjudicate electoral irregularities and allegations.
• Moody’s affirmed France at Aa2; Outlook revised to negative from stable.

GEOPOLITICS

MIDDLE EAST – EUROPEAN SESSION

• Parties concerned (re. Israel) are looking into the possibility of resuming negotiations and meeting technical teams within days, via AJ Breaking.

MIDDLE EAST – WEEKEND/APAC SESSION

• Israel conducted a military strike on targets in Iran early on Saturday and the military said the retaliatory strike has been completed with the objectives achieved, while targets included missile manufacturing facilities used by Iran in its attacks on Israel over the past year. Furthermore, a US official noted that Israel’s strikes were on military targets in Iran as opposed to oil infrastructure or nuclear sites, while Iran said the Israeli strike killed four people who all served in the country’s military air defence.
• Israeli PM Netanyahu said the Israeli air force hit hard Iran’s ability to defend itself and its ability to produce missiles, while he added Israel’s attack on Iran was strong, precise and achieved all of their objectives, according to Reuters.
• Israeli politicians inside and outside PM Netanyahu’s coalition lamented the strikes as not aggressive enough, according to The New York Times. It was also reported that estimates in Israel indicate Iran would need a year before it can rebuild its missile capabilities, according to Sky News Arabia.
• Israel’s Channel 13 quoted military officials that stated they do not rule out that the Air Force will have to carry out another military operation in Iran in which any further attack on Iran will focus on government targets and infrastructure, while they will not strike any Iranian nuclear targets in any new attack, according to Sky News Arabia.
• Israel expects that Iran would launch a counterattack against the Jewish state in response to its successful strike against Iranian military targets including missile production facilities, according to security sources cited by Jerusalem Post.
• Iran’s Supreme Leader Khamenei said Israel’s attack should neither be downplayed nor exaggerated and noted officials should determine how best to demonstrate Iran’s power to Israel, according to IRNA.
• Iran’s President said Iran is not seeking war but will respond appropriately to Israel’s attack, according to state media.
• Iran’s Foreign Minister said Iran has no limits in defending its territorial integrity, according to Tasnim. The minister also stated in a letter to the UN Secretary-General that Tehran reserves the right to respond to Israel’s criminal aggression.
• Iranian air defence said Israel attacked certain military centres in Tehran, Khuzestan and Ilam, while it successfully tracked and countered Israeli aggression although limited damage was caused to some locations, according to Reuters. It was also reported that Israel sent a message to Iran before the attack and warned it not to respond, according to Axios. Furthermore, Sky News Arabia quoted unanimous sources that stated Iran informed Israel through a foreign mediator that it will not respond to the strike.
• IRGC commander said the Israeli attack failed to achieve its goals and the failure confirms Israel’s miscalculation, while the commander added that bitter and unimaginable consequences await Israelis, according to Sky News Arabia.
• US President Biden said he hopes the Israeli strikes against Iran are the end and it looks like Israel didn’t hit anything except military targets. It was separately reported that a senior Biden official said the direct military exchange between Israel and Iran should be over and warned that there will be consequences for Iranian responses, according to Reuters.
• Israel conducted an airstrike that targeted some military sites in central and southern areas of Syria, according to Syrian state media.
• Hezbollah urged residents of more than two dozen Israeli settlements to immediately evacuate and said these settlements have become bases for the Israeli military and are now legitimate targets. Hezbollah also said it targeted Israel’s Tel Nof airbase south of Tel Aviv with drones, according to Reuters.
• Egyptian President Sisi said Egypt proposed a two-day ceasefire in Gaza to exchange four Israeli hostages with some Palestinian prisoners, while he added talks will take part within 10 days of implementing a temporary ceasefire to reach a permanent one. However, Israeli media later reported that two ministers rejected the proposal by Egypt regarding a Gaza ceasefire, according to Sky News Arabia.
• Iran’s Interior Ministry said ten Iranian border guards were killed in the attack in southeastern Iran in the latest clash with suspected Sunni Muslim militants.

OTHER

• Russian President Putin said he hopes NATO heard his words about permitting Ukraine to fire Western long-range weapons at Russia and warned Russia will use a range of responses if Ukraine is permitted to strike into Russia with Western long-range weapons, according to TASS.
• Russian forces took control of the village of Izmailivka in Ukraine’s Donetsk region and captured Oleksandropil in eastern Ukraine, according to RIA.
• NATO said a high-level delegation from South Korea will brief the North Atlantic Council on Monday regarding North Korean troop deployment to Russia.
• Foreign and defence ministers from South Korea and the US will hold talks on October 31st.
• US State Department approved the potential sale of radar turnkey systems to Taiwan for an estimated cost of USD 828mln and the potential sale of advanced surface-to-air missiles system to Taiwan for an estimated cost of USD 1.19bln. It was also reported that China said it filed a diplomatic complaint with the US and reserved the right to retaliate after the weapons sales to Taiwan, according to Bloomberg.

CRYPTO

• Bitcoin benefits from the positive risk tone and climbs back above USD 68k.

APAC TRADE

• APAC stocks were mostly positive as markets digested key events over the weekend including Israel’s strike on Iran which was aimed at military targets and not petroleum or nuclear facilities, while the election in Japan saw the ruling coalition lose its majority.
• ASX 200 traded indecisively as gains in tech and the mining sectors offset the weakness in real estate, utilities and energy.
• Nikkei 225 quickly shrugged off the initial post-election jitters and surged on the back of a weaker currency and prospects that the political uncertainty could delay the resumption of the BoJ’s rate normalisation.
• Hang Seng and Shanghai Comp swung between gains and losses but ultimately eked mild gains after the PBoC announced it is to utilise outright reverse repo operations today, which will be conducted on a monthly basis and is a new policy tool aimed at managing liquidity.

JAPANESE ELECTION

• Japan’s ruling coalition lost its parliamentary majority in Sunday’s election in which the LDP and its junior coalition partner won 209 seats with all but 20 of the 465 seats accounted for, which is short of the 233 needed for a majority although the ruling party may seek partners in an effort to form a government, according to reports citing Japanese press.
• Japanese PM Ishiba said the election results were very difficult, while he responded “That would be the case” when asked if he would continue in his current position despite the election results. Furthermore, Ishiba commented that they cannot allow any gaps in domestic politics amid very difficult security and economic conditions, while he added that they must go ahead with various measures including compiling an extra budget. Furthermore, Ishiba said he is not thinking at this moment specifically about a new coalition and will compile an economic stimulus package and extra budget taking into account various parties’ ideas.
• Japan’s gov’t & ruling bloc are to arrange to convene a special parliament session to vote on the PM on November 11th, via Kyodo.

NOTABLE ASIA-PAC HEADLINES

• PBoC announced to conduct an outright reverse repo operation today and will conduct monthly outright reverse repo operations once a month with a tenor of less than one year which it will use to trade with primary dealers in the opening market. Chinese press noted that the PBoC’s new outright reverse repo will cover tenors including 3-month and six-month, while it will improve liquidity adjustments in the year ahead with the tool meant to counteract the maturing Medium-term Lending Facility loans towards year-end.
• CNOOC (883 HK) Q3 (CNY): Net 36.9bln, +9% Y/Y, Revenue 99.2bln (prev. 114.8bln Y/Y).
• Sinopec (386 HK) Q3 (CNY) IFRS Net 8.03bln, -55% Y/Y.

DATA RECAP

• Chinese Industrial Profits YY (Sep) -27.1% (Prev. -17.8%)
• Chinese Industrial Profits YTD YY (Sep) -3.5% (Prev. 0.5%)

2C ASIAN REPORT

Israeli strikes avoid Iran’s energy infrastructure; Japan’s LDP loses majority – Newsquawk Europe Market Open

Monday, Oct 28, 2024 – 02:53 AM

• APAC stocks were mostly positive as markets digested key events over the weekend including Israel’s strike on Iran and the Japanese election.
• Israel’s strike on Iran was aimed at military targets and not petroleum or nuclear facilities; Iran President said will respond.
• Japan’s ruling coalition lost its parliamentary majority in Sunday’s election; the ruling party may seek partners in an effort to form a government.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.2% on Friday.
• JPY lags peers post-election, DXY is a touch higher, EUR/USD is sub-1.08 and Cable remains on a 1.29 handle.
• Looking ahead, highlights include Japanese Unemployment, Comments from BoC Governor Macklem & ECB’s de Guindos, Supply from US, Earnings from Philips, ON Semiconductor, Waste Management, Welltower, Ford, Wacker Chemie, KPN & Philips

SNAPSHOT

1. Subscribe to the free premarket movers reports

2. Listen to this report in the market open podcast (available on Apple and Spotify)

3. Trial Newsquawk’s premium real-time audio news squawk box for 7 day

US TRADE

EQUITIES

• US stocks ultimately finished mixed on Friday in which the SPX, DJI and RUT faded the gains from an initial strong opening while the Nasdaq outperformed but still closed off highs with the latter underpinned by the tech sector as semis performed well following a strong Western Digital (WDC) report on Thursday evening. Sectors were also varied in which Tech, Communication and Consumer Discretionary edged notable gains, while energy was relatively flat but still finished in the green and the rest declined.
• SPX -0.03% at 5,808, NDX +0.59% at 20,352, DJIA -0.61% at 42,114, RUT -0.49% at 2,208.
• Click here for a detailed summary.

NOTABLE HEADLINES

• Chinese hackers reportedly targeted phones of the Harris campaign, according to WSJ.

APAC TRADE

JAPANESE ELECTION

• Japan’s ruling coalition lost its parliamentary majority in Sunday’s election in which the LDP and its junior coalition partner won 209 seats with all but 20 of the 465 seats accounted for, which is short of the 233 needed for a majority although the ruling party may seek partners in an effort to form a government, according to reports citing Japanese press.
• Japanese PM Ishiba said the election results were very difficult, while he responded “That would be the case” when asked if he would continue in his current position despite the election results. Furthermore, Ishiba commented that they cannot allow any gaps in domestic politics amid very difficult security and economic conditions, while he added that they must go ahead with various measures including compiling an extra budget. Furthermore, Ishiba said he is not thinking at this moment specifically about a new coalition and will compile an economic stimulus package and extra budget taking into account various parties’ ideas.

EQUITIES

• APAC stocks were mostly positive as markets digested key events over the weekend including Israel’s strike on Iran which was aimed at military targets and not petroleum or nuclear facilities, while the election in Japan saw the ruling coalition lose its majority.
• ASX 200 traded indecisively as gains in tech and the mining sectors offset the weakness in real estate, utilities and energy.
• Nikkei 225 quickly shrugged off the initial post-election jitters and surged on the back of a weaker currency and prospects that the political uncertainty could delay the resumption of the BoJ’s rate normalisation.
• Hang Seng and Shanghai Comp swung between gains and losses but ultimately eked mild gains after the PBoC announced it is to utilise outright reverse repo operations today, which will be conducted on a monthly basis and is a new policy tool aimed at managing liquidity.
• US equity futures (ES +0.4%) were underpinned at the resumption of trade following Israel’s limited strike on Iran.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.2% on Friday.

FX

• DXY gradually benefitted from the surge in USD/JPY but with gains in the dollar capped amid quiet US-specific newsflow and with the Fed in a Blackout period ahead of the November 7th policy decision.
• EUR/USD lacked demand following its recent failure to hold on to the 1.0800 status and with comments over the weekend from ECB officials including Knot who noted it is important that the ECB keeps all options on rates, while Nagel said they shouldn’t be too hasty in taking action on rates.
• GBP/USD remained subdued after pulling back from resistance at the 1.3000 level late last week and with little scheduled for the UK this week outside of Wednesday’s Budget announcement.
• USD/JPY surged firmly above the 153.00 level with the Japanese currency pressured following Sunday’s election in which the ruling coalition lost its majority, while the political uncertainty is seen to add a hurdle for the BoJ to resume hiking rates.
• Antipodeans languished at multi-month lows amid a quiet calendar, pressure in commodities and a weaker yuan fix.
• PBoC set USD/CNY mid-point at 7.1307 vs exp. 7.1311 (prev. 7.1090).

FIXED INCOME

• 10yr UST futures extended on last Friday’s retreat beneath the 111.00 level as markets reacted to Israel’s strikes against Iran with some hoping that the direct military exchange between Israel and Iran is now over, while there is also incoming supply including the latest US 2yr and 5yr auctions.
• Bund futures slipped below last week’s trough to print its lowest in around three months.
• 10yr JGB futures initially gained amid the political uncertainty in Japan before reversing course and conforming to the selling in peers and the higher global yield environment.

COMMODITIES

• Crude futures dropped at the reopen following Israel’s strike on Iran on Saturday which was aimed at military targets as opposed to oil infrastructure or nuclear sites.
• Libya’s NOC said ENI and BP resumed exploration in Libya after onshore drilling was halted in 2014.
• South Korean President Yoon’s office said South Korea may consider an additional fuel tax cut if the global market shows severe volatility, while the Finance Ministry noted South Korea sees a limited impact from Middle East risks on crude supplies, trade and the supply chain for now.
• Spot gold mildly gapped lower with havens shunned after Israel’s limited reprisal attack against Iran.
• China’s September YTD gold output fell 1.17% Y/Y to 268 metric tons and gold consumption fell 11.18% Y/Y to 741.7 metric tons, according to the Gold Association.
• Copper futures were pressured alongside the initial indecisive mood in China despite the PBoC’s new liquidity tool.

CRYPTO

• Bitcoin pared some of its gains from over the weekend and pulled back from a brief return above the USD 68,000 level.

NOTABLE ASIA-PAC HEADLINES

• PBoC announced to conduct an outright reverse repo operation today and will conduct monthly outright reverse repo operations once a month with a tenor of less than one year which it will use to trade with primary dealers in the opening market. Chinese press noted that the PBoC’s new outright reverse repo will cover tenors including 3-month and six-month, while it will improve liquidity adjustments in the year ahead with the tool meant to counteract the maturing Medium-term Lending Facility loans towards year-end.

DATA RECAP

• Chinese Industrial Profits YY (Sep) -27.1% (Prev. -17.8%)
• Chinese Industrial Profits YTD YY (Sep) -3.5% (Prev. 0.5%)

GEOPOLITICS

MIDDLE EAST

• Israel conducted a military strike on targets in Iran early on Saturday and the military said the retaliatory strike has been completed with the objectives achieved, while targets included missile manufacturing facilities used by Iran in its attacks on Israel over the past year. Furthermore, a US official noted that Israel’s strikes were on military targets in Iran as opposed to oil infrastructure or nuclear sites, while Iran said the Israeli strike killed four people who all served in the country’s military air defence.
• Israeli PM Netanyahu said the Israeli air force hit hard Iran’s ability to defend itself and its ability to produce missiles, while he added Israel’s attack on Iran was strong, precise and achieved all of their objectives, according to Reuters.
• Israeli politicians inside and outside PM Netanyahu’s coalition lamented the strikes as not aggressive enough, according to The New York Times. It was also reported that estimates in Israel indicate Iran would need a year before it can rebuild its missile capabilities, according to Sky News Arabia.
• Israel’s Channel 13 quoted military officials that stated they do not rule out that the Air Force will have to carry out another military operation in Iran in which any further attack on Iran will focus on government targets and infrastructure, while they will not strike any Iranian nuclear targets in any new attack, according to Sky News Arabia.
• Israel expects that Iran would launch a counterattack against the Jewish state in response to its successful strike against Iranian military targets including missile production facilities, according to security sources cited by Jerusalem Post.
• Iran’s Supreme Leader Khamenei said Israel’s attack should neither be downplayed nor exaggerated and noted officials should determine how best to demonstrate Iran’s power to Israel, according to IRNA.
• Iran’s President said Iran is not seeking war but will respond appropriately to Israel’s attack, according to state media.
• Iran’s Foreign Minister said Iran has no limits in defending its territorial integrity, according to Tasnim. The minister also stated in a letter to the UN Secretary-General that Tehran reserves the right to respond to Israel’s criminal aggression.
• Iranian air defence said Israel attacked certain military centres in Tehran, Khuzestan and Ilam, while it successfully tracked and countered Israeli aggression although limited damage was caused to some locations, according to Reuters. It was also reported that Israel sent a message to Iran before the attack and warned it not to respond, according to Axios. Furthermore, Sky News Arabia quoted unanimous sources that stated Iran informed Israel through a foreign mediator that it will not respond to the strike.
• IRGC commander said the Israeli attack failed to achieve its goals and the failure confirms Israel’s miscalculation, while the commander added that bitter and unimaginable consequences await Israelis, according to Sky News Arabia.
• US President Biden said he hopes the Israeli strikes against Iran are the end and it looks like Israel didn’t hit anything except military targets. It was separately reported that a senior Biden official said the direct military exchange between Israel and Iran should be over and warned that there will be consequences for Iranian responses, according to Reuters.
• Israel conducted an airstrike that targeted some military sites in central and southern areas of Syria, according to Syrian state media.
• Hezbollah urged residents of more than two dozen Israeli settlements to immediately evacuate and said these settlements have become bases for the Israeli military and are now legitimate targets. Hezbollah also said it targeted Israel’s Tel Nof airbase south of Tel Aviv with drones, according to Reuters.
• Egyptian President Sisi said Egypt proposed a two-day ceasefire in Gaza to exchange four Israeli hostages with some Palestinian prisoners, while he added talks will take part within 10 days of implementing a temporary ceasefire to reach a permanent one. However, Israeli media later reported that two ministers rejected the proposal by Egypt regarding a Gaza ceasefire, according to Sky News Arabia.
• Iran’s Interior Ministry said ten Iranian border guards were killed in the attack in southeastern Iran in the latest clash with suspected Sunni Muslim militants.

OTHER

• Russian President Putin said he hopes NATO heard his words about permitting Ukraine to fire Western long-range weapons at Russia and warned Russia will use a range of responses if Ukraine is permitted to strike into Russia with Western long-range weapons, according to TASS.
• Russian forces took control of the village of Izmailivka in Ukraine’s Donetsk region and captured Oleksandropil in eastern Ukraine, according to RIA.
• NATO said a high-level delegation from South Korea will brief the North Atlantic Council on Monday regarding North Korean troop deployment to Russia.
• Foreign and defence ministers from South Korea and the US will hold talks on October 31st.
• US State Department approved the potential sale of radar turnkey systems to Taiwan for an estimated cost of USD 828mln and the potential sale of advanced surface-to-air missiles system to Taiwan for an estimated cost of USD 1.19bln. It was also reported that China said it filed a diplomatic complaint with the US and reserved the right to retaliate after the weapons sales to Taiwan, according to Bloomberg.

EU/UK

NOTABLE HEADLINES

• UK PM Starmer said the Budget will include tough decisions and a long-term plan, with Chancellor Reeves due to announce tax hikes and extra borrowing, according to Bloomberg. The Times suggests that tax hikes could amount to GBP 35bln.
• UK Chancellor Reeves said the UK government is to announce GBP 500mln in aid from energy suppliers, while the announcement could be made in the upcoming budget.
• UK retail investors are “piling” into Gilts amid fears that the Labour government will raise the capital gains tax rate on shares in the budget this week, according to The Times.
• ECB’s Knot said he expects the Eurozone economy will strengthen and inflation risks have become more balanced, while he added it is too soon to declare victory over inflation and that it is important the ECB keeps all options on rates. Furthermore, Knot said need to see a bit more conviction that wages will fall as forecast and the labour market is tight, as well as noted that the market has brought forward the path for rate cuts and they will have to see in December if that was over-enthusiastic.
• ECB’s Nagel said they shouldn’t be too hasty in taking action on rates.
• Georgian President Zourabichvili said regarding the election results that they have been the victims of a Russian special operation and that Georgian authorities took away citizens’ right to choose, while she does not recognise the election results due to fraud and called for protests against the results. Furthermore, European Council President Michel said they call on Georgia’s central election committee and other authorities to swiftly, transparently and independently investigate and adjudicate electoral irregularities and allegations.
• Moody’s affirmed France at Aa2; Outlook revised to negative from stable.

DATA RECAP

• UK Lloyds Business Barometer (Oct) 44 (Prev. 47)

3B NORTH KOREA/SOUTH KOREA

NORTH KOREA/RUSSIA/USA

3C JAPAN

Japan’s Ruling Coalition To Lose Majority For First Time Since 2009: What Happens Next And How Will Markets React

Sunday, Oct 27, 2024 – 12:15 PM

In a surprising turn of events, Japan’s ruling Liberal Democratic Party and its coalition partner are set to lose their majority in Sunday’s election, according to a forecast from public broadcaster NHK, raising questions about the future of Prime Minister Shigeru Ishiba.

Amid voter discontent over a slush-fund scandal, not to mention Japan’s worst runaway inflation in generations, the LDP and Komeito appear likely to fall short of the 233 seats needed for a majority in the lower house of parliament, NHK forecasts. Ishiba had aimed to secure a majority with his coalition partner, recognizing that the LDP would not retain the 247 seats it held before the election.

Falling short of that goal would mark the first time the LDP has lost a coalition majority in an election since 2009.

Public support for the LDP nosedived after the revelations last year that party members were secretly enriching themselves with funds from supporters, similar to what politicians do everywhere else around the world and especially in the US. As a result, nearly every poll before the election suggested the LDP would lose seats and possibly its majority with Komeito because of the scandal.

“We couldn’t dispel public anger over the political funds issue,” Ishiba said Sunday. When asked if he would consider forming a coalition with other parties, he said no decisions had been made, but added that he was willing to cooperate with others if policies align.

The early vote count shows the LDP and Komeito with a combined 145 seats, according to NHK. The main opposition Constitutional Democratic Party of Japan has 112 seats, the broadcaster said.  CDP leader Yoshihiko Noda said he would seek to take over the government if the coalition loses its majority.

“If the LDP does indeed lose its majority powers, this could create a quagmire regarding the legislative process — a scenario which may not bode well for the yen and the Nikkei, at least in the short term,” said Tim Waterer, Sydney-based chief market analyst at KCM Trade.

What does this mean for Japan’s markets?

Below we share some preliminary thoughts from Goldman Japan FICC trader Ippei Yamaura, who writes that “the bottom line is negative for Japan equities” and while “positioning looks good, investors are too optimistic for helps from DPP and/or Ishin.”

Estimated result

Here is the estimated range of each party as of now(9:40pm JST). Several news sources say LDP+Komei fail to keep majority(233 seats or more).

What is the expected price action?

In Yamaura’s view, the Nikkei will drop on Monday and end down 2% or so, less than option market indicated as of last Friday. This is because investors are somewhat prepared for this scenario. However, the selloff will continue for a week or so as investors realize that it will be difficult for LDP to get support from DPP and/or Ishin. 

Is this surprising?

The outcome is not a big surprise but was not fully priced in. After Asahi (highly reputed poll conductor for general elections) reported the chance of LDP+Komei to lose majority, market started to price in it through selling equities. NKY option market looked pricing roughly 3-4% move on tomorrow as of last Friday. Assuming investors looked at 5% selloff in NKY in the scenario of LDP+Kome failure, market might price 60-80% chance of this result. From this point, the option market was well prepared but (as you know,) options are just one aspect of investors’ view. Experts(including Goldman’s political analyst) saw around 50% chance of this scenario. For these investors, this result should be a surprise.

What was the expected implication and how much was priced in as of last Friday?

1. LDP would keep simple majority(233+)=5%. In this scenario, the expected market move would be equities to go higher, yen to strengthen.
2. LDP+Komei would keep majority(233+) = 35%. In this scenario, the expected market move would be equities to go higher and JPY to go stable.
3. LDP+Komei would fail to keep majority = 60%. In this scenario, the expected market move would be equities to go lower and JPY to weaken as LDP may need support from Ishin or CDP, both of which favor easy monetary policy.

So it means #3 scenario is realized although more investors might see it as main scenario. 

What will happen now?

Prime minister Ishiba must hold a special diet session by Nov 26 and appoint the prime minister. The new prime minister will need to get nomination from both upper house and lower house. And if there is conflict between upper house and lower house, lower house nomination will be prioritized. Upper house nomination is not an issue as LDP+Komei have majority. But as they lose their majority in the lower house, without cooperation from some lower house members outside of LDP+Komei, they cannot nominate the new prime minister. Ishiba may now try to get support (with early Nov the likely limit). Here are some options.

1. Re-endorse LDP members who couldn’t get endorsement from LDP due to money scandals.

This is the most probable scenario. But there are 2 problems. First, there may not enough numbers of members this time. As of now, it is expected that only 4 members out of 10 non-endorsed members will be back to parliament. 4 is not enough to cover such a big loss. Second, it is unclear if the abused members will help Ishiba. Some LDP members, especially right wing members, already complained about Ishiba and cabinet during campaign period. According to Goldman, “there may be big dissatisfactions.”

2. Try to get support from CDP and/or Ishin

DPP and Ishin have some similarities like defense policies etc. As #1 is not effective option anymore, Ishiba may try to pursue this option by forming a cabinet together. It looks like majority of investors are optimistic about this option. However, it’s worth highlighting that the leader of both DPP and Ishin denied this option in advance. Of course, this can be a political bluff. But experts believe it is not. The reason is upper house election which will be held on July 25, 2025. Experts think if DPP and Ishin joined cabinet now, they would soon lose popularity as majority of voters for them expected they would fight with LDP.

What will happen if LDP+Komei cannot get help from anybody?

Ishiba may be forced to form “Minority government”. It means he would need to manage a cabinet without support from parliament. In order to get nomination from lower house, he may need to do many concession and get support from some opposition parties. As many of the majority parties’ policies are not market friendly, this can possibly affect market negatively. Opposition parties may change their stance policy by policy. It means Ishiba and LDP cannot implement their policies as they stand.

What are other things to watch?

The supplemental budget should be a big focus. Ishiba previously said he would form a supplemental budget of JPY13 trillion or more (although he previously denied such a big fiscal expenditure). LDP may want to form as big budget (including cash distribution to lower income people) as possible to recover popularity. But opposition parties may try to limit it. Usually, Japanese equities favor a bigger budget (as do all equities, everywhere). So closely watch what opposition parties say on this. Generally speaking, at least the DPP is supportive of fiscal expansion.

Tax is also a key focus too. Ishiba is generally supportive of raising taxes. However, after such a big loss, there may be big opposition for further tax hikes. DPP is said to be supportive for fiscal expansion. It means raising tax (especially income tax) is less likely now (Except for financial income tax).

What does the positioning look like now?

Overall positive.

CTAs=Flat to slightly negative. 

CTAs have already re-built longs for Japan equities. Goldman’s strats team expects CTA to sell again if the market goes lower. But also worth noting that positions for Japan equities is less than its peak. 

Long/Short=flat

Our PB data suggests net allocation for Japan equities remain low despite big fluctuation of China market. Long/Short investors have not come back yet since the big selloff in early Aug.

Long onlys = Positive

As Japanese equities went lower with weakening yen, the asset is the worst performance in major assets MTD. Yamaura  expects some investors may need to buy Japan equities into month end to keep the same level of exposure.

Retail = Not bad

If you look at margin data, retail position has not been fully back yet since Aug selloff. They may have some room to buy on dip.

To summarize Goldman’s view: Monday’s selloff will be milder than the option market indicated, but the selloff will not be limited to just 1 day.

More in the full Goldman note available to pro subs.

3D. CHINA

BRICS/

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

EU

Eu approves another startling 35 billion euro loan for Ukraine

(zerohedge)

EU Approves €35 Billion Loan For Ukraine

Monday, Oct 28, 2024 – 02:00 AM

Via Remix News,

The Council of the European Union has approved a financial support package, which includes an extraordinary macro-level loan of up to €35 billion, as well as a credit cooperation mechanism that will help Ukraine repay €45 billion of loans, the EU council announced.

As part of the new macro-level financial assistance (MFA) approved by the member states, interest income from the funds of the Russian central bank frozen in EU banks will be made available to Ukraine.

The funds will help Ukraine cover the costs of the EU loan and loans provided by G7 partners and to also repay these loans; however, Kyiv can use the amount from the MFA at its discretion. 

As Remix News reported just a year ago, the EU approved €66 billion to Ukraine. Between contributions from individual member states and the EU itself, the Kiel Institute Ukraine Support Tracker indicates that Europe has allocated €118 billion in aid, with €74 billion yet to be allocated but slated to go to Ukraine. That does not include huge sums sent to Ukraine from the United States and other countries.

The amounts from the new macro-level financial support will be disbursed until the end of 2025. The disbursement of the loan is conditional on Ukraine’s continued commitment to maintaining effective democratic mechanisms and respecting human rights.

As part of the sanctions introduced by the EU against Russia, since February 2022, the assets of the Russian central bank stored in the financial institutions of EU member states, worth around €210 billion, have been frozen. The generated profit is estimated at around €2.5 billion to €3 billion annually, depending on the interest rate.

According to the EU, these revenues are not state assets and do not have to be made available to the Russian central bank even after the end of the freeze. Following the adoption by the European Parliament, the Council of the European Union approved the text through a written procedure with the aim of making the MFA loan available in 2024, disbursed in 2025, and repaid in a maximum of 45 years. The decree enters into force on the day following its promulgation.

Read more here…

end

GERMANY/VOLKSWAGEN

We have been pointing out on several occasions, trouble with Volkswagen. They are now closing 3 plants with thousands in layoffs

(zerohedge)

“This Is Starvation”: VW Union Head Warns 3 Plants Closing, Thousands In Layoffs, Amid Auto Crisis 

Monday, Oct 28, 2024 – 08:55 AM

Europe’s largest carmaker, expected to report dismal third-quarter results on Wednesday, has been crushed by the auto market downturn while competition intensifies from China. 

On Monday, Volkswagen’s top labor leader, works council chief Daniela Cavallo, who also sits on VW’s supervisory board, was quoted by Bloomberg as saying three factories are slated for closures. 

Cavallo warned that tens of thousands of jobs could be eliminated, and remaining workers could face 10% pay cuts and scaled-back hours.

“This means taking out even more products, quantities, shifts and entire assembly lines far beyond what we have already done so far,” Cavallo told factory workers earlier today, adding, “This is starvation, a weakening in installments.”

German VW plants. The orange icon are component plants, while blue icon are manufacturing ones. 

Cavallo said cost-cutting measures may threaten “tens of thousands” of jobs in Germany. She noted that Porsche has already canceled its production deal and future model planning at the Osnabrück factory. 

VW has ten plants and employs 300,000 workers across Germany, the economic powerhouse in the bloc. Potential job loss for VW workers comes amid numerous profit warnings in recent months and mounting union fights.

We’ve been extensively covering the dire situation unfolding at VW:

• Sept. 03: Volkswagen Considers First-Ever Germany Factory Closures As Economic Troubles Mount
• Sept. 10: Volkswagen Declares War On Unions, Scraps Three-Decade-Old Job Protections
• Sept. 27: Volkswagen Cuts Profit Forecast Again Amid Sliding Car Demand

VW’s restructuring would be historic and mark the first closure of German-based plants in the company’s 87-year history. This comes amid intensifying competition from China and slowing auto sales across the West. The transition to EV has proved nothing short of disastrous, leaving VW with little choice but to push itself into restructure mode. Maybe VW should’ve stuck with petrol-burning cars. 

 

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

END

ISRAEL/IRAN

JERUSALEM POST

Israel strikes Iran military targets in Operation Days of Repentance

‘Days of Repentance’: Israel hits multiple targets across Iran in retaliatory strikes

The attack occurred in three major waves, with the second and third waves targeting Iranian drone and missile production sites, hitting over 20 targets.

By YUVAL BARNEA, CORINNE BAUMOCTOBER 26, 2024 02:05Updated: OCTOBER 26, 2024 14:49

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-826117&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241021_e8dd7575db27269f7bc6f9dc56c560b0bff9902c&useBunnyCDN=0&themeId=140&unitType=tts-player

Israel confirmed it had struck numerous military sites during its retaliatory strikes on Iran on Saturday in an operation later named “Days of Repentance.”

The attack was declared over by 5:45 a.m., just as the sun began rising over Tehran, according to public broadcaster KAN11.

The attack occurred in three major waves, US and Israeli officials said. The second and third waves targeted Iranian drone and missile production sites, hitting over 20 targets, according to Axios and the New York Times.

Iran told AFP that it had not received any reports of injuries from the strikes.

The IDF later announced early Saturday morning that it had completed its reactive operation against Iran.

The IDF said that the strikes were conducted in response to the continuous attacks on the State of Israel and its citizens.

The IDF confirmed the operation was over and that all mission goals had been achieved, with all planes returning safely home.

The IAF struck missile manufacturing sites that produced the missiles Iran fired at Israel over the last year.

Simultaneously, the IDF struck surface-to-air missile arrays intended to restrict Israel’s aerial freedom of operation in Iran. 

“The State of Israel reserves the right to defend its citizens if the Iranian regime continues attacks against the State of Israel and its civilians,” the IDF said.

---

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Defense Minister Yoav Gallant was directing the attacks from a secure complex in IDF headquarters in Tel Aviv, according to Israeli media. 

“The IDF is currently attacking precise targets in Iran,” IDF Spokesperson Daniel Hagari said in a statement. “This is in response to persisting attacks by the Iranian regime on the State of Israel.

A second wave of airstrikes was reported following blasts heard in Shiraz later on early Saturday morning. 

https://player.jpost.com/public/player.html?player=jpost&media=3789279&url=www.jpost.comStrikes in Tehran as part of the Israeli response, October 26, 2024. (CREDIT: SOCIAL MEDIA/VIA SECTION 27 OF THE COPYRIGHT ACT)

“The IDF is completely prepared in attack and in defense. We are following the developments from Iran and its proxies in the region.”

https://www.jpost.com/breaking-news/article-826117

No change in Home Front Command orders was announced. Israel’s Security Cabinet also convened in order to approve the strikes.

Over 100 planes were involved in the 2000 k.m. attack, including the cutting-edge F-35, according to Walla.

The United States was notified by Israel ahead of its strikes on targets in Iran but was not involved in the operation, a US official told Reuters.

“We understand that Israel is conducting targeted strikes against military targets in Iran as an exercise of self-defense and in response to Iran’s ballistic missile attack against Israel on October 1,” said Sean Savett, White House National Security Council spokesperson, in a statement. “We would refer you to the Israeli government for more information on their operation.”  

Sites in Iran

Israel reportedly attacked the location of the headquarters of the Islamic Revolutionary Guards Corps in Iran.

“We’re targeting things that might have threatened us in the past or could do in the future,” NBC News quoted an Israeli official saying. The official further stated that Israel is not striking Iranian nuclear facilities or oil fields and is focusing on military targets.

There were reports of widespread internet outages across Iran as the attacks continued. 

Several of the strikes in Tehran targeted military bases across southern and southwestern Tehran, according to Iranian media.

In response to months of continuous attacks from the regime in Iran against the State of Israel—right now the Israel Defense Forces is conducting precise strikes on military targets in Iran.

The regime in Iran and its proxies in the region have been relentlessly attacking… pic.twitter.com/OcHUy7nQvN

— Israel Defense Forces (@IDF) October 25, 2024

Karaj, one of the cities where explosions were heard, contains one of Iran’s nuclear power plants.

The Tasnim news agency said that “nothing has been reported about hearing the sound of rockets or airplanes in the sky of Tehran so far.”

Iranian officials and media have been denying that Israeli airstrikes took place, saying explosions were a result of Iranian air defense; an Israeli official strenuously denied this to Ynet, saying, “This is a lie. Total failure – zero interceptions.”

A video obtained by @IranIntl_En shows an explosion near the grave of Rouhollah Khomeini, the founder of the Islamic Republic, in Kahrizak, south of Tehran. pic.twitter.com/MHimo2XD2Z

— Iran International English (@IranIntl_En) October 26, 2024

Reports of explosions at the Imam Khomeini International Airport in the Iranian capital were also received. However, Iranian officials denied anything was wrong.

Parallel operations

The IDF began an artillery attack on the Al-Bureij refugee camp in the Gaza Strip as part of the broader series of strikes across the region, including both aerial and ground attacks on terrorist strongholds, according to Israeli media.

Israel also attacked targets in Syria, with the Syrian military confirming that the IDF had struck sites across central and southern Syria.

Explosions were also reported in Iraq as part of the series of responses to Iran and its proxy groups throughout the region.

There were no planes flying over Syria or northern Iraq during the time of the suspected attack. Iran closed its airspace following the attack, according to Maariv. 

On Friday, a fire was reported at an Iranian Defense Ministry site in Tehran, although the Tehran Fire Department denied any connection. 

This is a developing story.

ISRAEL IRAN

JERUSALEM POST

The key takeaways from Israel’s strikes on Iran – analysis

Iran now feels it can launch ballistic missiles at Israel whenever it wants.

By SETH J. FRANTZMANOCTOBER 26, 2024 13:05

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Israel carried out long-awaited airstrikes on Iran, on Friday night, on precise and targeted military targets. These were aimed at “thwarting immediate threats to the State of Israel,” the IDF said. 

Despite the much-anticipated attack, Israel reported they finished the attack before the sun rose in Tehran.

The strikes were designed to retaliate for Iran’s ballistic missile attacks on Israel on October 1. 

So, what are the developments since the strikes, and what can the strikes tell us about the new situation in the region? 

Iran downplays strikes

Iranian state media overnight portrayed the country as unaffected by the attacks. Pro-Iran Telegram channels put up videos of people on the roof of a building, mocking the Israeli attack.

One statement noted that while Israelis run for shelter when there are rockets, the Iranians make tea and sit at home as if all is normal. The reason for this is that Iran didn’t set off sirens in most cities, unlike Israel.

In the morning Iranian state media showed more “normalcy” in Tehran. Videos showed people driving around and going about their morning exercises.

This illustrates that Iran is trying to show it is not affected by the strikes. It wants to show it can safeguard civilian life amid the tensions. It wants to contrast this with Israel where Iran’s attack with 180 ballistic missiles forced the entire country of Israel into shelters for almost an hour on October 1.

Israel showcases the capability of long-range strikes

Israel’s successful strikes on Iran showcase the country’s long-range military capabilities – capabilities perfect after many years of preparation.

The same attacks displayed by Israel last night were also carried out during long-range strikes targeting the Houthis to retaliate for their attacks. The strikes on the Houthis involved numerous aircraft. These included F-15s and F-35s and the strikes were carried out over several hours.

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Israel had real-world experience carrying out long-range operations – the Houthi strikes were just practise for their Tehran backer.

The strikes on Iran are a message that Israel can carry out these kinds of operations. Therefore Iran should now be on notice that Israel has many types of capabilities using advanced weaponry that can be used again in the future; showing the strikes were a wider message.

US-Israel cooperation on display

It’s likely that the US backing of Israel by deploying the THAAD air defense system and also deploying other air assets to the region was important in underscoring how US-Israel cooperation in the lead-up to the strikes on Israel.

Israel informed the US prior to the strikes – a change from Israeli operations in the past. The cooperation this time is important because Israel has been part of US Central Command over the past several years.

Israel, the US, and other partner countries have coordinated during the Iranian attacks on Israel in April and October. US Central Command is an important component of stability in the region.

After the April attacks by Iran, there was a lot of sharing of information between Israel and the US and Central Command in terms of after-action reports and debriefing to see how successful the air defense picture was. This is important and each time there is more escalation provides a chance for more learning and cooperation between the militaries.

Will this become the new normal?

The two Iranian strikes on Israel and Israel’s retaliation on October 26 now show that direct confrontation between Iran and Israel is becoming more normal – the proverbial “seal is broken” and there may be more of these attacks. It could become a new normal in the region.

The taboo of direct strikes is now gone, and both countries now think they can manage this conflict. Instead of the strikes leading to “world war III” as some commentators had suggested in the past, the countries are managing the conflict in a kind of escalatory understanding. 

This is a reminder of the Cold War. However, the US and Russia never got into a real shooting war during the Cold War. The Iran-Israel Cold War is now becoming more hot. This is largely Iran’s fault. Iran backed the October 7 attack and it has moved proxies, like pawns, to strike at Israel from seven fronts. This means that Israel has been forced to respond. The question is whether Iran now thinks it is winning and will carry out more attacks.

Regional countries condemn Israel

Gulf countries have rushed to condemn Israel. Some of these countries have been working to reconcile with Iran. For instance, Saudi Arabia has reconciled with Iran based on Chinese brokering a deal between them. The UAE has also met with Iranian officials at the BRICS confab in Russia. Egypt was also attending BRICS. Qatar backs Iran. Oman and Iran recently had military drills. This means that many countries in the region appear engaged with Iran and are growing closer to Tehran. They prefer to pay lip service to condemning Israel.

Iran has been working the room, so to speak, in regional meetings. Iran’s foreign minister was recently in Lebanon, Syria, Egypt, Saudi Arabia, Qatar and other countries. 

The goal of Iran is to surround Israel and make it appear Israel is the problem in the region. Many of these countries condemning Israel on October 26 appear to be officially backing Iran in this scenario. This is not helpful in terms of Israel’s long-term goals of integrating with the region and becoming part of an arc of stability in the region.

Prior to October 7, the goal of the US was regional integration. Now Israel is being singled out. Iran thinks it is winning the diplomatic game in the wake of the Israeli airstrikes.

 Is Iran deterred?

In the wake of the airstrikes, there will be key questions about whether Iran is deterred. At the moment Iran is trying to assert that it was not harmed in the attacks. If evidence emerges that Iran did suffer serious damage it may want to respond.

On the other hand, it might be concerned Israel could escalate. However, Iran’s threats appear to have already gotten the US to caution Israel against stronger blows aimed at Tehran.

In many ways, the three weeks of lead-up to this attack meant it was not a surprise and gave everyone a chance to prepare the messaging in advance.

This kind of choreographed war fighting may serve America’s interests but the question is how Iran reads this. It may read it as a victory because it rained down 180 missiles on Israel and it received what it claims is a limited blow in return.

Iran has learned a lot from its two attacks on Israel. The fact that the US had to deploy THAAD to Israel may send a message to Iran that Israel’s air defenses are not capable of defending against a larger Iranian attack.

Furthermore, Iran now feels it can launch ballistic missiles at Israel whenever it wants. In the entire history of Israel very few countries have ever carried out an attack inside Israel using missiles or warplanes. Egypt bombed Tel Aviv in the 1948 war and Saddam Hussein launched Scud missiles at Israel. However, Iran clearly feels it can terrorize Israel and get away with it. After the October 26 strikes Iran is not displaying any kind of sense that it will climb down from these threats.

END

ISRAEL/IRAN

(JERUSALEM POST)

‘Backbone of Iran’s missile industry’ destroyed by IAF strikes on Islamic Republic – reports

The targets struck were sophisticated equipment that Iran could not produce on its own.

By JERUSALEM POST STAFFOCTOBER 26, 2024 22:15

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The Israel Air Force struck a dozen targets in Iran that were used to produce solid fuel for long-range ballistic missiles as part of its retaliatory military action against the Islamic Republic, severely harming Tehran’s ability to replenish its inventory, Israeli media reported on Saturday night.

The targets struck were sophisticated equipment that Iran could not produce on its own and had to be purchased from China, Walla reported. The targets were a critical component of Iran’s ballistic missile program, Walla cited three anonymous Israeli sources as saying.

Israeli sources also stated that four S-300 air defense batteries were attacked that were in strategic locations that protected nuclear and energy facilities in Tehran during the operation. A factory for the production of drones and a facility in the Parchin military complex were also attacked, the latter of which saw in the past research and development activities for nuclear weapons.

Additional reports of attacks

The Arabic independent online newspaper Elaph reported Israel targeted a secret ballistic missile factory in Iran, destroying a large number of heavy fuel mixers used to power Kheibar and Haj Qasem missiles – both of which were fired by Iran at Israel at the beginning of the month. The report also claimed that the S-300 air defense batteries that were attacked were Russian-made and destroyed radars that feed these systems and others in Syria and Iraq. 

The report said that the ballistic missile factory was completely destroyed. One source told Elaph that it was the “backbone of Iran’s missile industry” and that Israel had “put it out of service,” also reporting that each heavy fuel mixer destroyed was estimated to be at least two million dollars and about twenty mixers of this type were destroyed.

While Walla reported that production to restore such equipment would reportedly take at least one year, informed sources on the Iranian missile industry told Elaph that it would take at least two years to return the destroyed factory to service.

Overall, more than 100 Israeli aircraft participated in the attack on Iranian targets, Ynet reported, stating that their mission was to hit the most advanced anti-aircraft systems of the Islamic Republic and develop air superiority there for any possible upcoming IAF operations – in such a way that Israeli fighter jets would be able to fly even at a relatively low altitude in the skies of Tehran itself in the future.

The Ynet report continued that estimates say it will still take many more days to assess the damage caused by the attacks.

IRAN/ISRAEL

Iran’s Guards chief warns of ‘bitter, unimaginable consequences’ for Israel’s strike

Tehran says it will use ‘all available tools’ to respond to targeted assault on military sites; Iraq lodges complaint at UN over alleged use of its airspace during Israeli op

By Agencies and ToI StaffToday, 1:46 pm

Head of Islamic Revolutionary Guard Corps (IRGC) General Hossein Salami arrives for the inauguration of the new Iranian president at the parliament in Tehran, on July 30, 2024 (AFP)

The head of Iran’s Islamic Revolutionary Guard Corps said Monday that Israel had “failed to achieve its ominous goals” with its Saturday strikes on Iranian military sites.

Hossein Salami, quoted by the Tasnim news agency, said the Israeli attack, which came in retaliation for Iran’s Oct. 1 ballistic missile barrage on the country, was a sign of “miscalculation and helplessness” as Israel battles the Iran-backed Hezbollah terror group in Lebanon and Hamas in Gaza.

“Its bitter consequences will be unimaginable” for Israel, Salami warned according to Tasnim.

Meanwhile, Iran’s Foreign Ministry spokesman Esmaeil Baghaei warned that Tehran would use “all available tools” to respond to Israel’s strikes.

Speaking at a weekly televised news conference, Baghaei said Iran would “use available tools to deliver a definite and effective response to the Zionist regime.”

The nature of Iran’s response depends on the nature of the Israeli attack, Baghaei added without elaborating.

Iran has attempted to downplay the retaliatory strike launched by Israel on Saturday, almost four weeks after the Islamic Republic’s barrage of some 200 ballistic missiles. The Israeli military said that the retaliatory attack had targeted strategic military sites — specifically, drone and ballistic missile manufacturing and launch sites, as well as air defense batteries.

Iranian state media also reported on Monday that a civilian security guard had been killed in the attacks, the fifth confirmed person to die.

“The martyr Allahverdi Rahimpour, a civilian who was killed near Tehran during the recent attack by the Zionist regime, has been buried,” the IRGC-affiliated Fars news agency reported.

Tasnim reported that Rahimpour had worked “as a security guard in a company” in the city of Nassimshahr, southwest of Tehran.” It did not elaborate further on the company in question.

Iran’s foreign ministry spokesman Esmaeil Baghaei holds a weekly press conference in Tehran on October 28, 2024 (ATTA KENARE / AFP)

Iran’s supreme leader Ayatollah Ali Khamenei said on Sunday that the attack “should neither be exaggerated nor minimized,” but claimed that Israel, in its decision to retaliate, had underestimated “the power, initiative, and determination of the Iranian people.”

Iranian President Masoud Pezeshkian said, meanwhile, that Iran does “not seek war but we will defend the rights of our nation and country,” and stressed that there would be “an appropriate response to the aggression of the Zionist regime.”

Israel has indicated it will not take further action if Iran holds its fire after its two strikes on the Jewish state — in April and in October — but has threatened escalation if the Islamic Republic launches a third barrage.

The head of the Israel Defense Forces said Sunday that Israel had restrained itself in its weekend attack on Iran.

“We drew upon only some of our abilities,” Chief of Staff Lt. Gen. Herzi Halevi said. “We have the ability to do much more.”

“We hit strategic systems in Iran… and we will see how things develop now. We are ready for all scenarios on all fronts,” he added.

Tehran’s allies abroad were quick to criticize Israel’s attack, and an Iraqi government spokesperson said on Monday that Baghdad had submitted a complaint to the United Nations over the alleged use of its airspace to carry out the strikes.

Images and videos on social media from Iraq appeared to show booster sections of missiles used by Israel. The fragments of the missiles appeared to have fallen in an area north of Baghdad.

חימושים של חיל האוויר הישראלי שהתגלו בעירק. אף אות בעברית. pic.twitter.com/eVtdPQpG3C

— Or Heller אור הלר (@OrHeller) October 26, 2024

The Iran-backed Kataeb Hezbollah group in Iraq condemned the use of Iraqi airspace as a “dangerous precedent” and accused the United States of being complicit in the attack, warning that there would be a response to the “aggression.”

The terror group, along with several other pro-Iran factions, has claimed responsibility for drones launched at Israel throughout its year-long war with Hamas — sparked by a brutal assault on southern Israel by Hamas-led terrorists that killed some 1,200 and saw 251 abducted on October 7, 2023 — and has launched attacks on US forces in the region.

IRAN/ISRAEL

Khamenei must be extremely ill; he posted this on his new Hebrew twitter account;

“Vyitgadal Yiskadush shamah rabbah!

a prayer sited for the dead.

Iran’s Ayatollah Khamenei launches official Hebrew account on X/Twitter

The account, Khameini.ir Hebrew, has as yet one post which says “In the name of Allah, the most merciful.”

By MATHILDA HELLEROCTOBER 26, 2024 23:58

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Iran’s Supreme Leader, Ayatollah Khamenei, opened a Hebrew X/Twitter on Saturday night.

The account, Khameini.ir Hebrew, currently has one post, in Hebrew, that translates to, “In the name of Allah, the most merciful.”

בשם אללה הרחמן והרחום

— Khamenei.ir Hebrew (@Khamenei_Heb) October 26, 2024

Khamenei reposted the Hebrew post on his official English account, Khamenei.ir, which is verified and has over one million followers. 

The official account of ZAKA replied to the post with a line from the Jewish Kaddish prayer for the dead, which can be interpreted as a subtle hint that Khamenei’s end may be near.

Khamenei.ir Hebrew

@Khamenei_Heb

·

1h

בשם אללה הרחמן והרחום

@zakaHQ

יִתְגַּדַּל וְיִתְקַדַּשׁ שְׁמֵיהּ רַבָּא

בשם אללה הרחמן והרחום

— Khamenei.ir Hebrew (@Khamenei_Heb) October 26, 2024

Israel strikes Iran

This comes after Israel carried out targeted strikes on numerous Iranian military sites in an operation later named “Days of Repentance ” on Saturday morning.

The attack occurred in three major waves, US and Israeli officials said, and severely damaged Iranian drone and missile production sites, hitting over 20 targets, according to Axios and the New York Times.

The strikes were partially in response to the Iranian attack on Israel on 1 October, in which Tehran sent 180 ballistic missiles, leading to 1,800 rocket sirens sounding across the country. 

Additionally, the New York Times reported on Saturday that a battle has begun to find a successor for Ayatollah Khamenei, 85, who is believed to be seriously ill. 

ISRAEL IRAN/ANALYSIS

JERUSALEM POST

Significant blow or warning shot?: What Israel achieved in Operation Days of Repentance – analysis

The results of Operation Days of Repentance are still unclear, but the burning question is whether it ended the cycle of attacks between the two countries or renewed them.

By AMIR BOHBOTOCTOBER 26, 2024 13:03Updated: OCTOBER 26, 2024 14:52

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Last night, an Israeli fear barrier was broken. In the intricate dynamics of the Middle East, a second round of Israeli strikes in Iran appears increasingly likely. Rockets, missiles, and UAVs—either Iranian-made or Iranian-funded—are launched almost daily against Israel’s home front.

The critical question now is: What was the purpose of this strike at this particular moment, with the IDF engaged on two fronts—Gaza and Lebanon? Was it intended to degrade Iranian military production capabilities and disable launch systems? Or was it aimed at sending a deterrent message, reducing the cycle of retaliatory actions?

Iran’s response will soon clarify the situation. If Tehran’s reaction is limited to rhetoric encouraging the “Axis of Evil” to align in Lebanon and Gaza, it may signal that the political decision and military action have achieved Israel’s objectives. But if Iran retaliates directly or through proxies in Yemen, Syria, Iraq, or Lebanon, it could mean Tehran perceives Israel’s airstrikes as weak and indecisive. Such a perception, however, underscores a vital point.

One significant takeaway from this strike is a sense of weakness in America. If Israel’s Air Force undertakes additional strikes on Iran, they are likely to differ, as Iran’s defensive and offensive capabilities have been reduced, limiting the threats posed to Israeli aircraft.

This raises a core dilemma: what should the next target be? Further strikes on military sites similar to those targeted last night? Oil infrastructure? The nuclear project?

Explosions in Tehran from Israel’s retaliatory strikes, October 26, 2024. (credit: SCREENSHOT/X, SECTION 27A COPYRIGHT ACT)

No containment from the US

Last night’s strike in Iran—and the recent one in Yemen—highlight American weakness. Middle Eastern nations and the world observe Israel as it issues threats and warnings and ultimately takes action.

Meanwhile, the United States appears weakened in its response to emerging threats, attempting to restrain Israel’s political and military leaders from more assertive actions. This perception ultimately strengthens Israel’s position, particularly with Saudi Arabia and the UAE.

In the coming days, undeniable evidence of the damage in Iran will emerge, despite Tehran’s efforts to downplay the extent of the Air Force’s success. Was “the king” exposed, or was this operation a strategic move aimed at preventing a broader escalation?

end

ISRAEL IRAN/COMMENTARY

A historic humiliation: Israel’s precision strikes leave Iran defenseless – comment

Saturday’s strike was not just a threat; it was a promise that reached the heart of Tehran.

By ZVIKA KLEINOCTOBER 26, 2024 04:48

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As dawn broke over Tehran today, it wasn’t the usual hum of a busy city greeting the morning. Instead, the reverberations of precision strikes echoed across Iran’s strategic landscape. You could almost picture the startled faces behind closed doors in Iran’s power centers, scrambling to understand how Israel managed to pull off an operation so audacious, so brazen, and yet so meticulously calculated.

For over three hours, Israel has been striking with unprecedented precision, unmasking a simple truth: Tehran, for all its bluster, isn’t untouchable. You can almost feel the tectonic plates shifting under Iran’s feet as the “regional power” finds itself reeling, looking a lot less like the force it projects to the world and a lot more like Hezbollah, scrambling to avoid the light.

Imagine the dilemma for Iran’s leadership – retaliate and risk a spiral that might burn everything it’s built, or stay silent and let Israel’s quiet triumph ring louder. Either way, Iran is backed into a corner of its own making. A response would almost certainly turn Tel Aviv into a potential target, but after tonight, Iran knows that Israel can just as easily reach Tehran. This isn’t a vague threat; it’s a promise that’s landed, with clarity and force, right on their doorstep.

Israel changed the game

Israel has done more than just attack military installations here. It has rewritten the rules of the game, showing that it has both the nerve and the know-how to reach where it needs to, to disrupt what it must. This isn’t just an exercise in military might – it’s a statement. Israel has stripped Iran of some of its military edge in a single night, leaving the so-called “regional power” scrambling for control over its narrative, like a magician left with empty hands in front of a disappointed audience.

What we’re witnessing isn’t just military strategy but also a glimpse of a new regional dynamic. Israel has drawn a line that will be felt in power corridors well beyond Tehran. It’s a lesson in calculated defiance, one that sends a message to Iran and its proxies: Israel is ready to protect its own, to reach into even the most fortified of regions if it means safeguarding its people. The reverberations of tonight’s strike won’t fade quickly – they mark a turning point, a shift that might just reshape the balance of power for years to come.

ISRAEL IRAN/

TIMES OF ISRAEL

Iran says it has ‘duty to defend itself’ after Israeli strikes, claims 2 soldiers killed

Regime does not immediately vow to respond; NYT: Israel hit S-300 air defenses near Tehran airport, Parchin base; source tells WaPo Israel aimed to minimize casualties, avoid escalation

By Emanuel Fabian, Follow
ToI Staff and AgenciesToday, 3:02 pm

Commuters drive past a billboard in Tehran depicting missiles strikes on Jerusalem and declaring ‘Israel must be wiped off the face of the Earth,’ covering the facade of a building in Tehran on October 26, 2024. (Atta Kenare/AFP)

Iran said Saturday it was obliged to “defend itself” after Israel conducted strikes on military targets throughout the Islamic Republic — an assault that came in retaliation for Tehran’s ballistic missile barrage on the country earlier this month.

“Iran has the right and the duty to defend itself against foreign acts of aggression,” Iran’s foreign ministry said in a statement, citing Article 51 of the United Nations Charter. However, the regime did not immediately vow to respond.

Israel indicated that it was braced for a potential Iranian response but warned Iran against it. “If the regime in Iran were to make the mistake of beginning a new round of escalation, we will be obligated to respond,” IDF Spokesman Rear Adm. Daniel Hagari said on Saturday morning, after the four-hour operation was completed.

Iranian state news agency Tasnim reported that two soldiers were killed in the overnight strikes. No further details were given.

According to two Iranian officials quoted by The New York Times, one of the sites targeted was the S-300 air defense of Imam Khomeini International Airport near Tehran. (Israel reportedly targeted a Russian-made S-300 air defense system near Iran’s Natanz nuclear site in April.)

At least three Iranian Revolutionary Guards Corps missile bases were targeted in the strikes, according to the unnamed officials, one of whom is a member of the IRGC.

Israeli drones also targeted the secretive Parchin military base on the outskirts of Tehran, the report added, citing the officials as saying that one hit the site while others were downed.

Satellite image of the Parchin facility, April 2012. (AP/Institute for Science and International Security)

The Israeli operation, hitting targets some 1,600 kilometers (1,000 miles) away, marked an unprecedented attack in terms of its scale, duration and Israel’s immediate acknowledgment of responsibility.

However, Israel did not target nuclear or oil facilities, heeding pressure from the Biden Administration. The US, in turn, endorsed the Israeli attack as an act of self-defense, and made clear it was ready to help Israel defend itself against an Iranian response.

The Washington Post quoted an informed source as saying the strike was designed to minimize casualties and to allow Tehran to deny any major damage, preventing an escalation between the countries.

Iran indeed appeared to downplay Israel’s strikes, with a source quoted by state media denying the IDF’s announcement that dozens of fighter jets had taken part in the retaliatory attack.

“The reports alleging that 100 Israeli military planes have had a role in the strike are also complete lies, as Israel is seeking to overplay its weak attack,” the source was quoted as saying by Iran’s semi-official Tasnim news agency.

The report also claimed that Israeli jets did not cross into Iranian airspace during the strikes and that they caused only limited damage.

Commuters drive along a street in Tehran on October 26, 2024. (Atta Kenare/AFP)

Footage published by Qatar-funded Al Araby TV purported to show damage from Israeli strikes to a factory in Shamsabad, south of Tehran.

مشاهد أولية لآثار القصف الإسرائيلي على شمس آباد جنوب #طهران #إيران pic.twitter.com/cWcyUolfg2

— التلفزيون العربي (@AlarabyTV) October 26, 2024

Unverified reports on social media said three workers were killed at the factory, which was said to be involved in the development and production of military drones.

The IDF said it precisely targeted strategic military sites — specifically drone and ballistic missile manufacturing and launch sites, as well as air defense batteries.

Washington and London said they back Israel’s right to defend itself after Iran’s attack on October 1, while calling on Iran to de-escalate. Arab nations also urged de-escalation, though many blamed Israel for destabilizing actions.

A general view of Tehran after Israel launched airstrikes on Iranian military sites, October 26, 2024. (Atta Kenare/AFP)

Reports of explosions near Tehran began to emerge around 2:15 a.m. local time, with the Israel Defense Forces quickly releasing a statement confirming that it was attacking, in response to “months of continuous attacks from the Iranian regime against the State of Israel.”

The strikes were carried out in several waves over the course of several hours, in various areas of Iran, with the Islamic Republic closing its airspace for the duration and seemingly showing little ability to counter the assault. Strikes were reported in the Tehran, Karaj, Isfahan and Shiraz areas.

The first wave of attacks apparently targeted Iran’s air defense capabilities, both to ensure the IDF’s freedom of operations during Saturday’s sorties, and to lay the ground for further strikes, should Iran retaliate. As the campaign was underway, Syrian state media reported that Israel struck several military sites in the south and center of the country, action possibly taken to enable the IAF to operate more freely in Iran.

The next waves hit drone and ballistic missile manufacturing sites — those used in direct Iranian attacks on Israel on April 14 and October 1 — as well as sites used to launch such weapons.

The Israeli military said at 6 a.m. that the assault had been completed, with “all goals achieved” and all aircraft returning safely home. It dubbed the campaign “Days of Repentance,” a reference to the recent Yom Kippur holiday. It said dozens of IAF aircraft, including fighter jets, refuelers and spy planes, participated in the “complex” operation some 1,600 kilometers from Israel.

The military said the strikes had given the IAF “wider freedom of aerial action in Iran,” and that it had a broad bank of targets that it could hit in the future if required.

In this image taken from video released by the IDF on October 26, 2024, military spokesman Rear Adm. Daniel Hagari announces that the IDF is conducting strikes on military targets in Iran. (Israel Defense Forces via AP)

“The regime in Iran and its proxies in the region have been relentlessly attacking Israel since October 7th –- on seven fronts –- including direct attacks from Iranian soil,” the IDF said. “Like every other sovereign country in the world, the State of Israel has the right and the duty to respond.”

Following the strikes, the IDF said it was holding an assessment on a potential Iranian response to the attack, but as of now, there were no changes to guidelines for civilians. The IDF added that its “defensive and offensive capabilities are fully mobilized,” and that it “will do whatever necessary to defend the State of Israel and the people of Israel.”

Iran had braced for an Israeli reprisal after its latest direct attack on Israel, in which it fired 200 ballistic missiles that sent most of Israel to bomb shelters on October 1, killed a Palestinian man in the West Bank, and caused damage in residential areas and at military bases — although the IDF said that the attack had no operational impact.

Iran said that the attack came in response to strikes in Lebanon that killed Hezbollah leader Hassan Nasrallah and much of the terror group’s senior leadership last month, as well as the killing of Hamas politburo leader Ismail Haniyeh in Tehran in July, which has been widely blamed on Israel despite its silence on the matter.

ISRAEL HEZBOLLAH/IRAN

Hezbollah fires rockets, drones at north as global reactions mount to IDF’s Iran strikes

Germany’s Scholz says Tehran must de-escalate * Army: 80 rockets fired from Lebanon * Defense officials say Hamas terrorist planning ‘imminent’ attack killed by troops in West Bank

Hezbollah fired some 80 rockets at northern Israel today so far — IDF tally

By Emanuel Fabian FollowToday, 3:28 pm

Hezbollah has fired some 80 rockets at northern Israel today so far, according to an IDF tally.

The military said earlier that it has downed four drones launched from Lebanon today.

תיעוד נדיר של יירוט הכטב"ם בשמי יחיעם הבוקר.
השימוש בהתאם לסעיף 27א' לחוק זכויות יוצרים pic.twitter.com/9FoaWDcXKV

— ישראל היום (@IsraelHayomHeb) October 26, 2024

More from today’s Liveblog:

• Rocket sirens sound in towns close to northern border
• 10 border police officers killed in attack in restive southeast Iran
• ‘This must end now’: Germany’s Scholz calls on Iran to de-escalate after Israeli airstrikes

END

ISRAEL/WEST BANK

Israeli forces kill Hamas operative in Tulkarem plotting ‘imminent’ attack

IDF says Islam Odeh planned ‘major terror attack’ for Oct. 7 anniversary with other members of terror group; troops find bomb parts in his car

By Emanuel Fabian Follow
and ToI StaffToday, 5:08 pm

•  

Smoke rises during a reported Israeli raid in Tulkarem in the north of the West Bank on October 26, 2024. (Jaafar Ashtiyeh/AFP)

A Hamas operative planning an “imminent” terror attack was killed by special forces in the West Bank city of Tulkarem on Saturday, the IDF, Shin Bet, and police announced.

Members of the police’s elite Yamam counter-terrorism unit and the Kfir Brigade’s Haruv reconnaissance unit encircled a building in Tulkarem Saturday morning and carried out a tactic known as “pressure cooker,” which involves escalating the volume of fire directed at a building to force a suspect to come out.

The IDF said the suspect, Islam Odeh, opened fire from the building and was eventually killed in an exchange of fire.

In the suspect’s car, the IDF said it found weapons, including parts to build a bomb.

According to the military, Odeh was a member of a Hamas network in Tulkarem and was involved in planning a major terror attack on the anniversary of the October 7 massacre with Hamas commander Zahi Oufi, who was killed in an airstrike earlier this month along with 11 other operatives and six civilians.

“After the assassination of Oufi, Odeh commanded and led the network and in recent days was planning more attacks,” the statement said.

כוחות ימ״מ, סיירת חרוב ושב״כ פעלו משעות הבוקר המוקדמות, על בסיס מודיעין של שב״כ, בטול כרם שבחטיבת מנשה לחיסול אסלאם עודה, פעיל בתשתית החמאס בגזרה שתכנן פיגועים וחימש מחבלים למטרת ביצוע פיגועים>> pic.twitter.com/cb0TMLQ6ig

— צבא ההגנה לישראל (@idfonline) October 26, 2024

Tulkarem is a major city in the northern West Bank, near the Green Line with Israel. The army says Tulkarem is a hotbed of terror activity, and has carried out numerous operations including airstrikes against operatives in the city over the course of the past year.

Since October 7, 2023, the IDF has carried out more than 70 airstrikes in the West Bank, using drones, attack helicopters, and fighter jets. Israeli troops have arrested some 5,250 wanted Palestinians across the West Bank over the past year, including more than 2,050 affiliated with Hamas.

According to the Palestinian Authority health ministry, more than 716 West Bank Palestinians have been killed in that time. The IDF says the vast majority of them were gunmen killed in exchanges of fire, rioters who clashed with troops or terrorists carrying out attacks.

During the same period, 41 people, including Israeli security personnel, have been killed in terror attacks in Israel and the West Bank. Another six members of the security forces were killed in clashes with terror operatives in the West Bank.

END

ISRAEL LEBANON/HEZBOLLAH

IDF uncovers extensive Hezbollah tunnel near Israeli border, revealing threat of surprise attacks

Until last week, when the IDF uncovered the tunnel, this home would have been the launching pad for an October 7-style attack against Israel.

By TOVAH LAZAROFFOCTOBER 26, 2024 19:00Updated: OCTOBER 26, 2024 19:34

https://player.jpost.com/public/player.html?player=jpost&media=3789420&url=https://www.jpost.com/israel-news/article-826191Destruction of a strategic Hezbollah underground facility in Lebanon. (Credit: IDF Spokesperson’s Unit)

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post.com/israel-news/article-826191

Nestled in the scenic hills of southern Lebanon in the backyard of a private home near the Israeli border is the entryway to a 1.5-kilometer Hezbollah tunnel with the capacity to house hundreds of enemy fighters.

Until last week, when the IDF’s Yahalom Unit uncovered the tunnel, this home would have been the launching pad for an October 7-style attack against Israel, with soldiers pouring from the ground to head to and cross the border.

On Monday night, Brig.-Gen. Guy Levy, who heads the IDF’s 98th Division, led a group of Israeli journalists to see firsthand the subterranean battlefields, which first marked the IDF’s war with Hamas and is now a significant part of the army’s battle against Hezbollah.

On Saturday the IDF destroyed the tunnel. But on Monday night before it was blown up, Brig.-Gen. Guy Levy, who heads the IDF’s 98th Division, led a group of Israeli journalists to see firsthand the subterranean battlefields, which first marked the IDF’s war with Hamas and is now a significant part of the army’s battle against Hezbollah.

“We are at a central intersection of this tunnel,” which is also a “very significant underground combat compound,” said Levy as he stood in the concrete underground shaft.

“The enemy built this over many years to prepare to attack Israel,” he said. “It can hold hundreds of terrorists for an extended stay of weeks” and extends “hundreds of meters.”

The late-night journey into Lebanon began in the parking lot of a supermarket in Kiryat Shmona, a city that has been under rocket fire since the IDF-Hezbollah war began on October 8, one day after the Hamas invasion of southern Israel.

Large Hezbollah tunnel during media tour

Israel evacuated its northern residents from that border area, including the border city of Kiryat Shmona, fearing a Hezbollah invasion.

Close to one year later, on October 1, when the IDF entered southern Lebanon, the army declassified documents relating to a long-planned Hezbollah operation to attack Israel called “Conquer the Galilee.”

https://player.jpost.com/public/player.html?player=jpost&media=3789421&url=www.jpost.comIDF commanders in the area of an underground Hezbollah facility in Lebanon. (Credit: IDF Spokesperson’s Unit)

In the weeks that followed, the IDF has discovered tunnels that would have been involved in the attack and has shown them to journalists, to underscore the danger Israel had faced and would face if its forces were not in southern Lebanon.

---

---

But the tunnel it revealed to the media on Monday night was unusually large and extensive.

In Kiryat Shmona, reporters donned flak jackets and helmets before entering army jeeps, where they sat on rickety benches and a cloth covering. The road became darker as the jeeps drew closer to the border itself and a base, with a large Israeli flag hanging from an outer wall.

From here, reporters were asked to turn their cellphones onto airplane mode to avoid detection.

As the jeeps crossed the border, an intelligence officer with the group quipped, “Since I’d like to live, actually just turn them off altogether to be safe.”

In the still darkness, one could hear only the jeep’s engines and explosions in the distance. Dust from the jeeps hung in the air. One could see the shapes of trees dotting the Lebanese landscape and the occasional deserted structures, including homes before the jeep stopped next to several scattered single-family homes.

“Welcome abroad,” one of the soldiers joked after the reporters had descended from the jeeps.

https://player.jpost.com/public/player.html?player=jpost&media=3789423&url=www.jpost.comMaj. A, a Yahalom Unit company commander reports on the discovery a massive Hezbollah underground facility. (Credit: IDF Spokesperson’s Unit)

Another soldier silenced him, urging the reporters to move quickly down and then up a small unpaved road to what looked like a residential home.

Reporters walked down a side stone stairwell and onto a first-floor side porch. Here they were shown a map of the tunnel drawn by a magic marker on a white door that had been removed from its frame and was now used as a whiteboard.

From here, reporters climbed over the porch wall, into the yard, and then down into the tunnel with a winding stairwell that led to the larger intersection point of three of the tunnel’s arched alleyways, which were only wide enough to fit two or three people side by side.

Levy addressed the group. Although he stood next to a utility box and an electric light designed to be generator-powered, these were no longer operating, so his face was lit up by flashlights and camera bulbs.

IDF forces went through a 48-hour battle to take this village, including a fierce fight at the entry to the tunnel shaft, he said.

https://player.jpost.com/public/player.html?player=jpost&media=3789426&url=www.jpost.comIDF Capt. Nehemiah, a company commander in the Paratroopers Brigade, explains the IDF’s discoveries in a massive underground Hezbollah structure in Lebanon. (Credit: IDF Spokesperson’s Unit)

Reporters were shown a storage room with rifles, RPK machine guns, Kornet anti-tank missiles, and boxes of ammunition. Some of the weapons originated from Iran, according to Lt.-Col. Yoni HaCohen, the commander of the 890th Paratroopers Battalion.

Intermixed in the same storage room were boxes of food and medical supplies.

The tunnel, which had a lighting system throughout, also had multiple bathrooms, as well as large chambers with mattresses or cots so that soldiers could sleep.

In one room, a rifle had been left on a bed with a purple sheet and a water bottle.

There was more than one exit point from the tunnel so that soldiers could enter and exit at different points. The soldiers who spoke to the media said they planned to continue searching for additional tunnels to make sure that Hezbollah could not pose a subterranean threat to Israel.

“I feel like I have entered the belly of the enemy, taken when they built over years,” said Lt.-Col. Yoni HaCohen.

Finding this tunnel and destroying it, he said, “is a great success.”

END

ISRAEL HEZBOLLAH MONDAY AFTERNOON

IDF launches fresh strikes on Tyre as Hezbollah rockets rain down on north

Israel targets terror infrastructure in Lebanese coastal city after issuing evacuation warning to residents; missiles trigger sirens in Haifa, Western Galilee, no injuries reported

By Emanuel Fabian Follow
and AgenciesToday, 6:00 pm

Smoke billows from the site of Israeli airstrikes on a neighborhood in the southern Lebanese city of Tyre on October 28, 2024. (KAWNAT HAJU / AFP)

Israeli airstrikes hit the southern Lebanese city of Tyre on Monday after the IDF called for residents in large swaths of the ancient coastal city to evacuate, while Hezbollah rockets continued to rain down across northern Israel.

The IDF said following the strikes that the Hezbollah targets in Tyre included weapons depots, buildings used by the terror group, and observation posts belonging to various of its units.

“The Hezbollah terror organization advanced terror activities against Israeli citizens and IDF troops from these compounds,” the military said. It said Tyre is a major Hezbollah stronghold, especially for the terror group’s Aziz regional unit, from which it plans attacks on Israel.

The Lebanese National News Agency (NNA) reported “a series of strikes” on the coastal city, beginning with a raid on a residential apartment. An AFP video journalist reported thick clouds of smoke covering parts of Tyre, including rising from a building along the seafront.

The IDF had earlier told residents in parts of central Tyre to leave immediately, warning it would attack Hezbollah targets there. In a warning published on social media, the IDF’s Arabic-language spokesman Col. Avichay Adraee warned residents that “Hezbollah’s activity forces the IDF to act in the area you are in,” and stressed that “the IDF does not want to harm you.”

He published a map of the targeted areas, and instructed residents within the relevant areas to “immediately move away from the area marked in red, and head north to the Awali River.”

https://customer-b1ezbl4fz7l5vj5n.cloudflarestream.com/819542218b44d88e106417a4d0cc89b6/iframe

https://www.timesofisrael.com/idf-launches-fresh-strikes-on-tyre-as-hezbollah-rockets-rain-down-on-north/

“Anyone who is near Hezbollah personnel, facilities and weapons of Hezbollah is putting their life in danger,” Adraee added.

The union of Tyre municipalities received a phone call in Arabic, apparently from the Israeli military, urging residents to evacuate several streets in the area, a municipal source told AFP. The NNA said the union instructed the civil defense and emergency personnel to use loudspeakers to urge residents to leave, “which created a state of panic.”

The strikes on Monday afternoon followed an air raid in the early hours of Monday morning in the center of the city that the Lebanese health ministry said killed seven people and wounded 17 others. The toll did not differentiate between combatants and civilians.

A building destroyed in an Israeli airstrike in Tyre, southern Lebanon, Oct. 28, 2024. (AP/Mohammad Zaatari)

Meanwhile, rockets and drones continued to target swaths of northern Israel throughout Monday with around 115 missiles fired as of mid-afternoon, after 90 rockets were launched on Sunday, according to the IDF. No injuries were reported Monday.

On Monday afternoon, five rockets were fired toward Haifa, setting off sirens across the city and several of its suburbs. The IDF said some of the rockets were intercepted while others struck open areas.

Earlier in the day, a barrage of some 30 rockets was fired from Lebanon at the Western Galilee, the IDF said. Some of the rockets were intercepted, while several impacts were also identified, the military said.

Drone sirens were also set off in the early morning in the areas of Rosh Hanikra and Shlomi. The IDF said it had successfully shot down a drone launched from Lebanon, and no injuries were reported.

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)

Elsewhere in Lebanon, the Qatari Al-Araby Al-Jadeed news outlet reported that a Lebanese army soldier had been injured in an Israeli strike near Kfar Dounine, in the Bint Jbeil district. There were no further details immediately available.

Hezbollah claimed on Monday that its gunmen had “ambushed… the Israeli enemy’s vehicles and soldiers as they advanced toward” the outskirts of the border village of Kfar Kila ahead of deadly clashes. There was no immediate comment from the Israeli army.

The IDF said early Monday morning that its troops had continued to strike infrastructure and confiscate weapons belonging to Hezbollah in south Lebanon. The military said dozens of airstrikes hit terror cells and infrastructure, including a launcher used to fire rockets at Israel, and that dozens of Hezbollah operatives were killed in fighting over the past 24 hours.

Lebanon’s government claims that at least 1.2 million people have been displaced by Israel’s strikes and more than 2,600 have been killed over the last year — the vast majority in the last month. An AFP tally based on official figures puts the number at 1,634, but acknowledges gaps in the data. The IDF estimates that more than 2,000 Hezbollah operatives have been killed in the conflict.

Some 60,000 Israelis were evacuated from northern towns near the Lebanon border shortly after Hamas’s October 7 onslaught, amid fears Hezbollah would carry out a similar attack, and increasing rocket fire by the terror group.

The attacks on northern Israel since October 2023 have resulted in the deaths of 31 civilians. In addition, 60 IDF soldiers and reservists have been killed in cross-border skirmishes, including 34 of those killed during the ground operation launched in southern Lebanon in late September.

Times of Israel staff contributed to this report.

END

Huge Israeli Strikes Overwhelm Lebanon’s Tyre After Citizens Warned To Evacuate

Monday, Oct 28, 2024 – 01:05 PM

While it is looking like war between Israel and Iran is on hold, after the somewhat theatrical tit-for-tat which finally ended in Israel’s ‘limited’ military response this weekend, things in Lebanon are still ramping up.

On Monday the southern Lebanese coastal city of Tyre has come under heavy Israeli airstrikes and bombardment, so much so that a giant cloud of smoke has engulfed it. The city has already been under attack for nearly a week. At least seven people have been reported killed in the latest Monday airstrikes.

Lebanese state media has confirmed significant aerial attacks after Israel’s military earlier issued an evacuation call for large swathes of the ancient city, which is also a UNESCO world heritage site.

“Enemy aircraft launched their first strike after the Israeli warning for the city of Tyre and targeted a residential apartment,” Lebanon’s National News Agency said. It confirmed in follow-up “a series of strikes” on the city, which is home to over 135,000 people.

Turkey’s TRT World journalist: “Certainly some of the heaviest striking that we’ve seen in this area.”

Here's the moment an Israeli air strike hits Lebanon's coastal area of Tyre, less than a km from where our correspondent Priyanka Navani was reporting live pic.twitter.com/LxnCWd8JzM

— TRT World Now (@TRTWorldNow) October 28, 2024

An Al Jazeera correspondent describes of the ongoing attacks:

The Israeli warplanes continue to shower the city with missiles, targeting the heart of the Old City, with the aim of turning this historic city into ruins.

The attack came in a series of air strikes, five to six air raids, on the city’s residential areas into its depth, as well as its marine front.

We saw, during the first two air strikes, how residential buildings were directly hit; reduced to rubbles. They were followed by successive air raids. More loud explosions, more destruction, and of course more victims.

The same report emphasizes that “The entire city of Tyre is now shrouded in smoke.”

Tyre is not particularly known as a major Hezbollah stronghold, even though it is heavily Shia Muslim (also with a significant Christian minority). The ramped-up strikes are being widely interpreted as a military tactic to put pressure on the Lebanese government to pressure Hezbollah.

My day – away from home – began with news of evacuation orders from my city Tyre/Sour, with an audio message from my mother. Her voice was shaking, wondering what would happen to our house.

Video of strikes on the city shared on WhatsApp groups pic.twitter.com/MEIXN0T8mT

— Roba El Husseini ربى (@RobaHusseini) October 28, 2024

According to more analysis from Al Jazeera:

Al Jazeera’s Dorsa Jabbari, reporting from Beirut, says that Tyre is a target because analysts believe this city is a stronghold of the Amal movement, headed by parliament speaker Nabih Berri.

“They believe this is a message to the Amal movement and its leadership, who has said that he is negotiating on behalf of Hezbollah,” Jabbari said. She added that the Israeli attack is seen as another attempt by Israel to put more pressure on the negotiating parties.

The correspondent continued, “Extra pressure is now coming onto this movement, while there is clearly no discussion about a possible ceasefire. Regardless, Israel has said that it will negotiate under fire, while Hezbollah has said the opposite – they will not negotiate when they’re under attack.”

⚡️Violent enemy strikes on Tyre pic.twitter.com/C47MWkxLVe

— War Monitor (@WarMonitors) October 28, 2024

EU foreign policy chief Josep Borrell is among Western voices urging “immediate ceasefire” in Lebanon. He has also called out the IDF’s “unacceptable attacks” on UN peacekeepers in Lebanon’s south, near the border. 

Borrell has said the EU is calling “for an immediate ceasefire across the blue lines.” However, Hezbollah is not looking in the mood to negotiate either, as it continues pummeling northern Israel, including the Haifa area, with barrages of rockets.

Israel’s army has stated Monday that in the latest salvos some 30 rockets have targeted the Western and Upper Galilee areas. And overall the IDF says at least 115 projectiles have been sent into northern Israel on Monday.

“Some of them were intercepted by the Air Force, crashes in the area were detected,” it said on X. Israel’s stated purpose in Lebanon is to push back Hezbollah and eliminate its forces to allow the return of tens of thousands of Israeli residents to their homes in the north. But the war is looking to be a long haul.

ISRAEL/GAZA/ALGERIA/SWITZERLAND

Long live Palestine,’ man screams before murdering tourist in front of her children

The Algerian man reportedly slit the mother’s throat, in front of her children, while yelling “Long live Palestine.”

By DANIELLE GREYMAN-KENNARDOCTOBER 26, 2024 14:23

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A Swiss tourist was murdered outside a cafe in Algeria’s Djanet in early October by a man who screamed “Allahu Akbar” and “long live Palestine,” according to international media reports on Thursday. 

The attacker slit the woman’s throat, according to RTS, but she did not die instantly.

The Swiss woman did not survive the wounds she sustained during the attack, which happened in front of her three children, according to the Daily Mail. She reportedly died on October 11.

The attacker reportedly fled the scene of the attack and Algerian authorities deployed a significant manhunt to find him, using both helicopters and wanted posters to alert local residents. 

The attacker, a man reportedly from the northern part of the country, was successfully apprehended after several days of searching. A second man was also reportedly arrested, according to RTS.

After murdering the woman, the Algerian man reportedly attempted to attack another group of tourists, but his attempts were thwarted. The tourists were later instructed to return to their hotel rooms, according to RTS.

Swiss response to the incident

Switzerland’s Department of Foreign Affairs on Tuesday told the AP that it had been in contact with Algerian authorities about the “violent death” of an unnamed Swiss citizen on Oct. 11.

The three children, along with the friend accompanying the family, have since returned to Switzerland.

RTS criticized authorities for their silence on the attack, noting that it was the French newspaper Libération that broke the story.

END

ISRAEL/HEZBOLLAH/////

Explosion of Lebanese weapons depot activates earthquake alerts in northern Israel

By YOAV ETIEL, ELI ASHKENAZIOCTOBER 26, 2024 07:22Updated: OCTOBER 26, 2024 12:41

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Earthquake warnings were mistakenly activated on Saturday morning across 284 communities in northern Israel and the West Bank due to an explosion at a Lebanese site containing a large amount of explosives.

הפיצוץ האדיר בלבנון – שהוביל להתרעה על רעידת אדמה בצפון | תיעוד pic.twitter.com/uAzG1jPmqw

— החדשות – N12 (@N12News) October 26, 2024

The IDF confirmed the explosions as a result of IDF activities, saying, “Over the past few minutes, explosions were heard in northern Israel following IDF operational activity in southern Lebanon. There is no indication of a security incident.”

The Geological Institute confirmed the details, explaining that the alerts were mistakenly triggered due to a detection error. “Following a significant controlled explosion in the north this morning, the alert system identified the explosion as an earthquake, and the alert was distributed accordingly,” they said.

The “Teru’a” system, Israel’s national earthquake alert platform, is recognized as one of the world’s most advanced. When launched in Israel in 2022, a standout feature was its ability to differentiate between explosions and earthquakes.

However, the system was misled this morning, possibly because the explosion occurred near one of its sensors. even the European international monitoring network recorded the explosion as seismic activity.

The alert system, developed by the Geological Institute with several partners, comprises field sensors, computer communication, a control and monitoring center, and an emergency hub staffed around the clock. Its estimated cost is approximately NIS 45 million.

Maintaining the system

At the system’s launch, Geological Institute Director Prof. Zohar Gvirtzman cautioned that without sustained funding for upgrades and maintenance, the system risks deterioration. “On the day this system goes live, we issue a warning: if sufficient long-term funding is not allocated for ongoing maintenance, capability upgrades, and research and development, the system will decline,” he said.

“When the project began, few systems like it existed globally, making future needs hard to estimate. Now, an update in budgetary support is necessary for the coming years. In a country requiring billions to reinforce buildings, the costs needed to maintain and preserve this alert system are minimal, and every shekel invested will save lives.”

end

ISRAEL/HAMAS

‘We’ve had enough’: After IDF operation, Gazan ambulance driver says Hamas embeds in hospitals

Following operations, troops arrested some 100 terrorists, including some who had tried to flee during the evacuation of civilians from the area. 

By JERUSALEM POST STAFFOCTOBER 28, 2024 12:01Updated: OCTOBER 28, 2024 12:25

https://player.jpost.com/public/player.html?player=jpost&media=3790467&url=https://www.jpost.com/israel-news/article-826429Interrogation of an ambulance driver who testifies to Hamas’s use of the Kamal Adwan Hospital in Jabalya, northern Gaza. October 28, 2024. (Credit: IDF Spokesperson’s Unit)

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Hamas uses hospitals for terror purposes, an ambulance driver at the Kamal Adwan Hospital in Jabalya in the northern Gaza Strip confirmed while being interrogated by security officials, according to footage published by the IDF on Monday. 

In the video, the driver, reportedly apprehended on suspicion of involvement in terror activities, confirms his role as driver and paramedic at the Health Ministry in the Kamal Adwan and Al-Ahli Arab Hospitals.

“Hamas military operatives are present; they are in the courtyards, at the gates of the buildings, in the offices of Kamal Adwan Hospital,” the driver stated. “They operate ambulances to transport their wounded military operatives, and to transport them for their missions, and this is instead of using the ambulances for the benefit of civilians.”

“We, the public in the northern Gaza Strip, are sick of this situation. We have had enough; they (Hamas) are stationed in the hospitals, stationed in the schools,” the driver confirmed.

This comes as the IDF and Shin Bet (Israel Security Agency) carried out targeted operations in the Gaza hospital to counter terror activities in the area. Prior to the operation, the IDF facilitated the evacuation of civilians and made sure that emergency care continued, the military said. 

The military noted that within the hospital precincts, Hamas terrorists, some of whom had taken part in the October 7 massacre, had embedded themselves within the hospital. 

Following operations, troops arrested some 100 terrorists, including some who had tried to flee during the evacuation of civilians from the area. 

Hamas’s use of hospitals for terror purposes

Within the hospital, troops located weapons, money used for terror purposes, and intelligence documents, the IDF reported.

The military further noted that throughout the Israel-Hamas War, the terror group had used hospitals in order to detain hostages, carry out terror activities, and hide weapons. 

ISRAEL/HAMAS

IDF soldier dies of wounds sustained in north Gaza, raising ground op toll to 362

Military says it struck Hamas command post embedded at site of northern Gaza school, 40 terrorists killed over past day in Jabaliya; IDF expands ‘humanitarian zone’

By Emanuel Fabian, Follow
ToI Staff and Agencies27 October 2024, 12:26 p

Staff Sgt. Malachi Yehuda Harari (IDF)

The Israel Defense Forces announced Sunday a soldier died from wounds sustained during fighting in the northern Gaza Strip earlier this month, raising the death toll of the ground operation to 362.

Staff Sgt. Malachi Yehuda Harari, 22, of the Givati Brigade’s Rotem Battalion, from Even Shmuel, was injured during the fighting on October 18.

Meanwhile, the military said Sunday morning that Israeli Air Force jets conducted a targeted strike on a Hamas command center embedded at the site of the Saleh a-Din School in northern Gaza.

The military said the airstrike on the compound was “precise” and intelligence-based, targeting a site used by the Palestinian terror group to “plan and carry out terror actions against IDF soldiers and the State of Israel.”

The statement added that the IDF took many steps to mitigate harm to civilians, including using precise munitions and aerial observation. The IDF once again accused Hamas of violating international law by placing its assets in civilian areas and compounds.

The military also announced that troops killed some 40 terror operatives during operations in northern Gaza’s Jabaliya over the past day. Several sites belonging to Hamas were destroyed and weapons were seized in the area.

A picture shows the damage to an ambulance at the Kamal Adwan Hospital in Beit Lahiya in the northern Gaza Strip on October 26, 2024. (AFP)

The IDF has been conducting a renewed ground offensive in the Jabaliya area over the past several weeks and estimates that some 45,000 Palestinian civilians have evacuated the area. Hundreds of suspected terror operatives have been detained, and hundreds of gunmen have been killed, according to the military.

Meanwhile, in the Netzarim Corridor area of central Gaza, the IDF said troops killed a cell of gunmen in an exchange of fire on Sunday morning.

On Saturday, Israeli forces reportedly withdrew from the Kamal Adwan Hospital in northern Gaza, a day after the IDF said it was operating at the medical center amid “intelligence information on terrorists and terror infrastructure in the area.”

An IDF spokesperson declined to comment on the hospital report.

Medics from the Hamas-run health ministry said at least 44 of the facility’s 70-member team at the medical facility had been detained by Israeli forces. They said 14 were later released, including the hospital’s director. The medics also said that at least two children had died inside the intensive care unit after Israeli fire hit the generators and oxygen station in the facility on Friday.

In the weeks before the operation, the IDF said it had enabled the evacuation of patients and staff from the hospital, while also ensuring that the medical center’s emergency systems continued to function. Some medical staffers refused the army’s orders to evacuate the hospital or leave their patients unattended. Before the raid, medics said, at least 600 people remained in the hospital, including patients and their escorts.

“The safety and lives of patients who are left inside Kamal Adwan Hospital without medical staff and much-needed medication are at risk now,” said Marwan Al-Hams of the Hamas-run Gaza health ministry.

Kamal Adwan is the last functioning hospital in Gaza’s north. The facility said it has been struggling with shortages since the start of the war, which has been increasingly aggravated by the launch of a new Israeli operation in northern Gaza earlier this month.

Patients and medical staff are evacuated from the Kamal Adwan hospital in northern Gaza by UN officials on October 25, 2024 (COGAT)

Hamas called the storming of Kamal Adwan “a war crime and a flagrant violation of international laws.”

The International Committee of the Red Cross (ICRC) described the situation in northern Gaza as “extremely dire” and said people wishing to evacuate must be assured safe passage.

“Ongoing evacuation orders, and continued restriction on introduction of essential supplies, leaves the remaining civilian population in north Gaza in horrific circumstances,” the ICRC said in a statement on Saturday.

“Hospitals are being told to evacuate, leaving a potential vacuum of medical services for the many civilians who remain,” it added.

Wounded Palestinians receive treatment at the Kamal Adwan Hospital in Beit Lahia in the northern Gaza Strip on October 26, 2024. (Photo by AFP)

COGAT — the Israeli Defense Ministry body that manages civilian affairs in the Palestinian territories — said Friday it had allowed the transfer of 23 patients out of the hospital the previous night by Palestinian ambulances and UN vehicles.

COGAT also said it allowed the transfer of one fuel truck, “180 blood units and a truckload of medical equipment” donated by UN agencies to the hospital.

On Saturday, the IDF announced the expansion of the designated “humanitarian zone” in southern Gaza, where the vast majority of the Palestinian population in the Strip currently resides.

The zone is where most humanitarian aid is directed, and where several field hospitals have been established.

This map released by the IDF on October 26, 2024, shows an adjustment to the Israeli-designated humanitarian zone in the Gaza Strip. (Israel Defense Forces)

The size of the zone has changed repeatedly amid evolving IDF operations against Hamas. Some 1.9 million Palestinians of the 2.3 million Gazan population are residing in the area, according to IDF assessments from July.

“The expanded Humanitarian Area includes field hospitals that have been established since the start of the war, tent compounds, and shelter equipment, as well as food, water, medicine, and medical equipment that has entered Gaza through coordination between COGAT and the international community,” the IDF said in a statement.

“The IDF will continue to operate to achieve the war objectives, including dismantling Hamas and bringing home all the hostages,” it added.

People walk past tents sheltering people displaced by conflict in the Al-Mawasi area of Khan Younis in the southern Gaza Strip on October 23, 2024. (Bashar TALEB / AFP)

It is believed that 97 of the 251 hostages abducted by Hamas on October 7 — when terrorists streamed across the border into Israel and slaughtered some 1,200 people, sparking the current war — remain in Gaza, including the bodies of at least 34 confirmed dead by the IDF.

Hamas released 105 civilians during a weeklong truce in late November, and four hostages were released before that. Eight hostages have been rescued by troops alive, and the bodies of 37 hostages have also been recovered, including three mistakenly killed by the Israeli military as they tried to escape their captors.

Hamas is also holding two Israeli civilians who entered the Strip in 2014 and 2015, as well as the bodies of two IDF soldiers who were killed in 2014.

The Hamas-run Gaza health ministry said on Sunday that 42,924 people have been killed and 100,833 injured during Israel’s offensive in Gaza over the past year, though the toll cannot be verified and does not differentiate between civilians and fighters.

Israel says it has killed some 17,000 combatants in battle as of August and another 1,000 terrorists inside Israel on October 7. Israel has said it seeks to minimize civilian fatalities and stresses that Hamas uses Gaza’s civilians as human shields, fighting from civilian areas including homes, hospitals, schools, and mosques

IRAN/ISRAEL

Precise and powerful’: Netanyahu confirms Israel struck Iranian missile production targets

PM at Mount Herzl: “Air force severely harmed Iran’s defense capabilities and its ability to produce missiles that would be launched at us.”

By TOVAH LAZAROFF, REUTERSOCTOBER 27, 2024 12:59Updated: OCTOBER 27, 2024 14:07

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Firan-news%2Farticle-826289&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241021_e8dd7575db27269f7bc6f9dc56c560b0bff9902c&useBunnyCDN=0&themeId=140&unitType=tts-player

Prime Minister Benjamin Netanyahu confirmed that the Israeli Air Force struck Iranian missile targets early Saturday morning in a public address he gave at a state ceremony to mourn the fallen soldiers in Israel’s wars on its southern and northern borders in the last year.

“In the early hours of Saturday morning” the IAF “hit areas in Iran, severely harming its defense capabilities and its ability to produce missiles that would be launched at us,” Netanyahu said at the ceremony in Mount Herzl.

“The attack on Iran was precise and powerful” and “achieved all its objectives,” he said. He thanked the United States for its close cooperation and assistance. The Biden administration has clarified that it was not involved in the attack, although it was given advance notice that it would take place.

It was his first public comments on the attack, which he placed within the larger context of the Swords of Iron War. At the Mt. Herzl ceremony, Netanyahu explained that in the last year, Israel has battled Iran and its proxies as it has rewritten history in its war of resilience, which has been an existential battle. 

Exacting a price from Israel’s enemies

The Swords of Iron War, he said, has taken place on seven fronts, and the IDF exacted a heavy price from its enemies.

He recalled how Iran had launched a ballistic missile attack against Israel at the start of October in response to Israel’s assassination of Hezbollah leader Hassan Nasrallah, almost a year into the IDF war with the Iranian proxy group.

On Saturday, in its response to that Iranian ballistic missile attack, Israel decided to go after “the head of the octopus” after hitting at its tentacles for months.

“Those who strike us, we will strike. This is a tenet that has accompanied us all this time and will accompany us going forward,” he said.

Iran has yet to indicate if and how it would respond. The US and the international community have urged both Iran and Israel to halt their rounds of attacks and counterattacks.

Iran’s Supreme Leader Ayatollah Ali Khamenei said Sunday that “The evil committed by the Zionist regime (Israel) two nights ago should neither be downplayed nor exaggerated,” according to Iran’s official IRNA news agency.

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Khamenei said Iran’s power should be demonstrated to Israel, adding that the way to do so should be “determined by the officials and that which is in the best interest of the people and the country should take place.”

An American researcher said an Israeli airstrike on Saturday hit a building that was part of Iran’s defunct nuclear weapons development program, and he and another researcher said facilities used to mix solid fuel for missiles were also struck. The assessments based on commercial satellite imagery were reached separately by David Albright, a former UN weapons inspector, and Decker Eveleth, an associate research analyst at CNA, a Washington think tank.

They told Reuters that Israel struck buildings in Parchin, a massive military complex near Tehran. Israel also hit Khojir, according to Eveleth, a sprawling missile production site near Tehran.

Reuters reported in July that Khojir was undergoing massive expansion.

Eveleth said the Israeli strikes may have “significantly hampered Iran’s ability to mass produce missiles.”

Iran’s military said the Israeli warplanes used “very light warheads” to strike border radar systems in the provinces of Ilam, Khuzestan, and around Tehran.

In posts on X, Albright said commercial satellite imagery showed that Israel hit a building in Parchin called Taleghan 2 that was used for testing activities during the Amad Plan, Iran’s defunct nuclear weapons development program.

The UN nuclear watchdog, the International Atomic Energy Agency, and US intelligence say Iran shuttered the program in 2003. Iran denies pursuing nuclear weapons.

Albright, head of the Institute for Science and International Security research group, was given access to the program’s files for a book after they were stolen from Tehran by Israel’s Mossad intelligence agency in 2018.

On X, he said the archives revealed that Iran kept important test equipment in Taleghan 2.

Iran may have removed key materials before the airstrike, he said, but “even if no equipment remained inside” the building would have provided “intrinsic value” for future nuclear weapons-related activities.

Albright told Reuters that commercial satellite imagery of Parchin showed Israel damaged three buildings about 350 yards (320 m) from Taleghan 2, including two in which solid fuel for ballistic missiles was mixed.

He did not identify the commercial firm from which he obtained the images.

Eveleth said an image of Parchin from Planet Labs, a commercial satellite firm, showed that Israel destroyed three ballistic missile solid fuel mixing buildings and a warehouse in the sprawling complex.

Planet Labs imagery also showed that an Israeli strike destroyed two buildings in the Khojir complex where solid fuel for ballistic missiles was mixed, he said.

According to the image reviewed by Reuters, the buildings were enclosed by high dirt berms. Such structures are associated with missile production and are designed to prevent a blast in one building from detonating combustible materials in nearby structures.

“Israel says they targeted buildings housing solid-fuel mixers,” Eveleth said. “These industrial mixers are hard to make and export-controlled. Iran imported many over the years at great expense and will likely have a hard time replacing them.”

With a limited operation, he said, Israel may have struck a significant blow against Iran’s ability to mass-produce missiles and made it more difficult for any future Iranian missile attack to pierce Israel’s missile defenses.

Gallant at the same ceremony said that in the last year the IDF turned the tide of the war, chalking up security up “unprecedented achievements, in all sectors of combat.”

In the south, Hamas ceased to function as a military framework, in the north, Hezbollah continues to suffer a series of blows, the chain of command was eliminated, most of its rocket and missile power was destroyed.

Hamas and Hezbollah which Iran had built up as proxy groups that would act as its long arm against the State of Israel, “are no longer an effective tool in the hands of Iran,” he said.

In addition, he said, Saturday morning’s “precise, deadly” strike on Iran “conveyed a clear message – the long arm of the State of Israel will reach anyone who tries to harm us. No place is too far for us.”

END

IRAN/

this is rather disturbing: Iran executes a Iranian German nation after they kidnapped him from the uSA

Iran executes Iranian-German national after terrorism conviction

By ReutersToday, 7:18 pm

Iran executes Iranian-German national Jamshid Sharmahd after he was convicted of carrying out terrorist attacks, Iranian state media says.

Sharmahd, who also holds US residency, was sentenced to death in 2023 on charges of “corruption on earth.”

He was accused by Iran of heading a pro-monarchist group accused of a deadly 2008 bombing, and planning other attacks in the country.

Sharmahd’s arrest was announced in 2020 in an intelligence ministry statement that described him as “the ringleader of the terrorist Tondar group, who directed armed and terrorist acts in Iran from America.”

Based in Los Angeles, the little-known Kingdom Assembly of Iran, or Tondar, says it seeks to restore the Iranian monarchy that was overthrown by the 1979 Islamic revolution. It runs pro-Iranian opposition radio and television stations abroad.

Some deeply upsetting news: #Iran regime media is reporting that Jamshid Sharmahd, a German citizen who has lived in the U.S. for years, has been executed by the Islamic Republic. This sets a chilling precedent that the Islamic Republic can kidnap a Western national and then murder them. Shades of Tehran’s execution of Habib Chaab. There better be a decisive response from Berlin and Washington here. Deepest condolences to my friends

@GazelleSharmahd

and

@ShayanSya

. An absolute tragedy and a crime.

Last edited12:34 PM · Oct 28, 2024

·

24.7K Views

end

IRAN/ISRAEL

ISRAEL HEZBOLLAH/UNRWA

END

ISRAEL/LEBANON/SYRIA

ISRAEL/HAMAS

END

ISRAEL HEZBOLLAH

END

ISRAEL/HEZBOLLAH/IRAN/OPINION PIECE

ISRAEL/HEZBOLLAH

UKRAINE/RUSSIA/USA

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

GLOBAL ISSUES

MARK CRISPIN MILLER

DR PAUL ALEXANDER

Forwarded this email? Subscribe here for more BOOM! Bobby Kennedy Jr. goes NUCLEAR on FDA, reads them the riot act! I love this & we must move to take FDA to the studs, burn it down, fire 5000 top down & relocate to Alcatraz! “FDA’s war on public health is about to end. This includes its aggressive suppression of psychedelics, peptides, stem cells, raw milk, hyperbaric therapies, chelating compounds, ivermectin, hydroxychloroquine, vitamins,Dr. Paul Alexander Oct 27 READ IN APP  clean foods, sunshine, exercise, nutraceuticals and anything else that advances human health and can’t be patented by Pharma. If you work for the FDA and are part of this corrupt system, I have two messages for you: 1. Preserve your records, and 2. Pack your bags.”Pack you fucking bags! Love this by Bobby Jr.!Still waiting on Bobby Jr. to be unshackled by Trump campaign on the Malone Bourla Bancel et al. deadly mRNA gene-based injection he railed against for so long (now silent) and the deadly OWS and lockdowns, but I WILL take this for now…huge praise Bobby Jr.! but Bobby Jr. know we are watching and listening. I trust and know he will do the right thing! Huge props Bobby Jr.! ___ You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.  Enter the Wellness Company as a solution and a willing participant in the health care conversation. From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.

SLAY NEWS

The latest reports from Slay News

Canada Begins Euthanizing Citizens with ‘Covid Vaccination Syndrome’Canada has just killed the first citizen under the Canadian government’s controversial new plans to begin euthanizing patients who have been injured by Covid “vaccines.”READ MORE

Covid mRNA ‘Vaccines’ Trigger Multiple Sclerosis, Study FindsA team of investigative medical researchers has found that Covid mRNA “vaccines” are responsible for several new cases of multiple sclerosis.READ MORE

Soccer Star Abdelaziz Barrada Dies Suddenly of Heart Attack at 35The soccer world is in mourning after officials confirmed that international player Abdelaziz Barrada tragically died suddenly.READ MORE

Trump Shreds Biden’s ‘Lock Him Up’ Remark: ‘Such a Stupid Guy’President Donald Trump brought the house down during a rally in Arizona as he responded to desperate comments from the Democrats as Election Day draws near.READ MORE

Kamala Harris Targets Major Senate Rule Standing in Way of Radical AgendaDemocrat presidential candidate Kamala Harris can no longer hide her extremism, revealing that she plans to target a Senate rule that is standing in the way of her radical agenda.READ MORE

Republicans Accuse FTC Chair of Hatch Act ViolationsPresident Joe Biden-appointed Federal Trade Commission (FTC) Chair Lina Khan has been accused of Hatch Act violations.READ MORE

Missouri Democrat ‘Under Investigation’ by Authorities over Shooting IncidentAn anti-Trump Democrat former congressman Lucas Kunce (D-MO) has come “under investigation” by authorities over an incident where a reporter was shot.READ MORE

RFK Jr Takes Case to Supreme Court After Wisconsin Refuses to Remove Name from State’s BallotFormer independent presidential candidate Robert F. Kennedy Jr. is appealing to the U.S. Supreme Court over Wisconsin’s refusal to remove his name from the state’s 2024 election ballot.READ MORE

Mel Gibson Confirms He’s Voting Trump: Kamala Harris ‘Has the IQ of a Fence Post’Hollywood star Mel Gibson has confirmed who he will be voting for in the critical presidential election.READ MORE

Trump Takes Lead Nationally, New Wall St Journal Poll ShowsA new poll from the Wall Street Journal shows that President Donald Trump has now taken the lead nationally over Democrat presidential candidate Kamala Harris.READ MORE

Joy Behar & Whoopi Goldberg Melt Down over Undecided Voters: ‘I’m Having a Breakdown!’The co-hosts of “The View” suffered a meltdown on the show as they discussed their frustration at voters who are still undecided with under two weeks until Election Day.READ MORE

Trump Campaign: Democrat Rhetoric ‘Directly to Blame’ for Assassination AttemptsPresident Donald Trump’s campaign has asserted that aggressive rhetoric from the Democrats is “directly to blame” for the recent assassination attempts against the Republican presidential candidate.READ MORE

African American Voters Explain Why They Refuse to Back Kamala Harris: ‘We All Know She’s Not Black’MSNBC has published a surprising focus group interview with black voters who shared their opinions of Democrat presidential candidate Kamala Harris.READ MORE

NEWS ADDICTS

The latest reports from Slay News

Top Surgeon Warns ‘Extremely Aggressive’ Cancers Are Mutating in Covid-VaxxedA leading surgeon has warned that “extremely aggressive” cancers with a “different biology” are rapidly forming, spreading, and mutating into “never seen before” forms of the deadly disease in people who have been “vaccinated” for Covid.READ MORE

Doctor: WHO Used ‘Pandemic’ to ‘Force Vaccines’ onto Public, ‘Not Deal with Disease’A prominent Kenyan doctor has accused the globalist World Health Organization (WHO) of using the Covid “pandemic” to “force” mRNA “vaccines” onto the public.READ MORE

Holocaust Survivor Blasts Harris over Anti-Trump ‘Nazi’ Remarks: ‘I Know More About Hitler Than Kamala Will Ever Know’A Holocaust survivor has blasted Democrat presidential candidate Kamala Harris for desperately smearing President Donald Trump as a “fascist” akin to Nazi leader Adolf Hitler.READ MORE

Obama Stumps for Harris, Ends Up Helping Trump: ‘The Price of Everything’ Is ‘Still Too High’Barack Obama’s stump for Democrat presidential candidate Kamala Harris in North Carolina backfired when he ended up making the case for Americans to vote for President Donald Trump instead.READ MORE

Appeals Court Rules Mississippi Will Violate Federal Law by Counting Mail-In Ballots After Election DayA federal appeals court has sent a warning to election officials in Mississippi ahead of November 5.READ MORE

Black Voters Gravitating Toward Trump Across AmericaAcross the country, black voters are making a historical shift to President Donald Trump and away from the Democrats, according to a new report.READ MORE

Archbishop Viganò Warns Voters: Kamala Harris Is ‘An Infernal Monster Who Obeys Satan’A high-profile former Catholic archbishop has warned the American people that he believes Democrat presidential candidate Kamala Harris is a “puppet” of radical billionaire George Soros who “obeys Satan.”READ MORE

EVOL NEWS

McDonalds Where Trump ‘Worked’ Hires Private Security After Deranged Leftist Threats – EVOLRead more…Biden DOJ Perfects ‘Equity’ Blueprint For Destroying Police, Fire Departments – EVOLRead more…Clinton Does It Again: Humiliates Kamala in Front of Crowd, And There’s Nothing She Can Do to Stop Him – EVOLRead more…UFC Stars Back Trump in Appeal to Arab Americans in Michigan – EVOLRead more…New Data Confirms That Trump’s McDonald’s Visit Worked – EVOLRead more…At least 1.6 million illegal border crossers from countries of concern under Biden – EVOLRead more…Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All – EVOLRead more…

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

“A US Green Light To Strike Iran Harder Might Be Given If Trump Wins”

Monday, Oct 28, 2024 – 03:25 PM

By Edwin de Groot of Rabobank

The attack by Israeli war planes on Iran Saturday was more limited than expected by many. Yet, Israel hit precise Iranian military targets while showing its ability to attack its nuclear scheme or oil. Projecting air power over distance and attacking Iran directly is not to be taken lightly even if this strike wasn’t the one markets feared. Iran is now vulnerable, its “ring of fire” around Israel extinguished (Hezbollah’s deterrence was supposed to stop a strike), and its regional reputation damaged. Even its ability to supply Russia with war materiel is now impacted. The ball is now in its court over whether it will drop its focus on Israel or escalate, especially via a push for a nuclear weapon. Biden had already promised US military aid to Israel as quid pro quo for a strike that doesn’t inflame the election; but after it, all bets are likely off.

A US green light to strike Iran harder might be given if Trump wins; and if Harris wins, Israel might proceed without US approval during Biden’s lame duck period. Oil prices were down more than $3/bbl this morning and we may see risk appetite supported by the events over the weekend. So, oil down, for now, but the geopolitical tensions between Israel and Iran are unresolved.

That the dollar actually strengthened (DXY up a tad this morning) is more likely to do with the increased political instability elsewhere in the world. In Georgia, the biggest ruling (and Kremlin-friendly) party Georgian Dream won 54% of the votes, according to the election commission. Its leader declared victory whilst the Georgian President, who is a supporter of greater EU-ties but lacks political power, called it a “Russian-style election”. At face value, it seems that Europe should not expect much rapprochement from the country any time soon. A similar thing could probably be said of Bulgaria, which just concluded the seventh election in four years. The Gerb party won, but with only 26% of the votes. The runner-up party took just over 15% of the votes, and so both together wouldn’t garner a majority. The third (far-right) party is a Kremlin-friendly one, and other than that there is a host of smaller parties. So political stability in Bulgaria seems far from assured.

But the biggest political shock took place in Japan over the weekend, with the country entering a fresh phase of political uncertainty. Japanese Prime Minister Ishiba should probably have asked French President Macron some advice before he decided to call snap elections two weeks ago, as his gamble – too – backfired. The LDP and its coalition partner Komeito lost a significant number of seats in the ballot held on Sunday. And with 215 seats (down from 279) they came well short of the required 234 for a majority. The key reason for calling the election was a slush-fund scandal, association with which the LDP has been trying to shake off. It also means that Ishiba, in search for a majority coalition, may not be keen to rely on some LDP members that were kicked out of the party – and became independent members of parliament.

To form a stable coalition, the Prime Minister will now most likely have to broaden his coalition. That will not be easy given the number of seats he needs and the scattered landscape beyond the main opposition party CDP, which secured 148 seats according to NHK. Another option would be a minority government with limited partner agreements. Whatever Ishida’s next steps are, it seems likely the recent direction of policy, which included a focus on restoring public finances, will face pressure. Indeed, opposition parties have been pushing for more fiscal support for households who have been struggling with higher bills as wage increases have not kept up with the pace of cost of living increases. Moreover, Japan’s more hawkish posture with respect to defence and international partnerships with NATO members and even the BoJ’s plan to gradually return to a more normalized monetary policy, are likely to be challenged.

Market implied policy rates suggest a hike this week is quite unlikely (a less than 5% probability) but also for December the market only sees some 20% likelihood of a hike. Last week this was still seen as somewhat under 40%. Reflecting uncertainties, the yen fell to its lowest level against the dollar since the end of July, with USDJPY nearly hitting 154 this morning. This is likely to draw increased attention to the BoJ’s rate setting meeting this week.

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

BRICS MEETING

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:  1.0817 UP 0.0028

USA/ YEN 152.71 UP 0.482 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 1.2978 UP .0027

USA/CAN DOLLAR:  1.3892 UP 0.0009 (CDN DOLLAR UPDOWN 9 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED UP 22.50 PTS OR 0.68%

 Hang Seng CLOSED UP 9.21 PTS OR 0.04%

AUSTRALIA CLOSED UP 0.13%

 // EUROPEAN BOURSE:     ALL MIXED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL MIXED

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 9.21 PTS OR 0.04%

/SHANGHAI CLOSED UP 22.50 PTS OR 0.68%

AUSTRALIA BOURSE CLOSED UP .13%

(Nikkei (Japan) CLOSED UP 691.61 POINTS OR 1.82%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 2731.80

silver:$33.39

USA dollar index early MONDAY  morning: 104.06 DOWN 7 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: 2.721%  UP 3 in basis point(s) yield

JAPANESE BOND YIELD: +0.942% DOWN 0 AND 3/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 2.980 UP 3 in basis points yield

ITALIAN 10 YR BOND YIELD 3.493 UP 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2875 UP 3 BASIS PTS

END

IMPORTANT CURRENCY CLOSES :   MONDAY  

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

Euro/USA 1.0832 UP .0008 OR 8 basis points

USA/Japan: 152.10 UP .311 OR YEN IS DOWN 31 BASIS PTS//

Great Britain 10 YR RATE 4.273 DOWN 2 BASIS POINTS //

Canadian dollar DOWN .0005 OR 5 BASIS pts  to 1.3857

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The USA/Yuan,  CNY ON SHORE CLOSED DOWN 7.1239 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.1334)

TURKISH LIRA:  34.29 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +0.942

Your closing 10 yr US bond yield DOWN 0 in basis points from FRIDAY at  4.201% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.465 DOWN 0 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.042 DOWN 3  BASIS PTS.

GOLD AT 11;00 AM 2732.65

SILVER AT 11;00: 33.74

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

London: CLOSED UP 36.78 PTS OR 0.45%

German Dax :  CLOSED UP 68.03 OR 0.35%

Paris CAC CLOSED UP 59.70 PTS OR 0.79%

Spain IBEX CLOSED UP 91.50 OR 0.77%

Italian MIB: CLOSED UP 240.34 OR 0.69%

WTI Oil price  71.86 12 EST/

Brent Oil:  76,05 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  97.69 ROUBLE DOWN 0 AND  21/100      

GERMAN 10 YR BOND YIELD; +2.265 DOWN 3 BASIS PTS.

UK 10 YR YIELD: 4.253 DOWN 2 BASIS POINTS

CDN 10 YEAR RATE: 3.2661 UP 1 BASIS PTS.

CDN 5 YEAR RATE: 3.034 DOWN 1

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0814 UP 0.0025 OR 25 BASIS POINTS

British Pound: 1.2974 UP 0.0022 OR 22 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.2950 UP 1 BASIS PTS//

JAPAN 10 YR YIELD: 0.965

USA dollar vs Japanese Yen: 153,23 UP .999 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.3892 UP 0.0009 CDN dollar DOWN 9 BASIS PTS

West Texas intermediate oil: 67.49

Brent OIL:  71.90

USA 10 yr bond yield UP 5 BASIS pts to 4,277

USA 30 yr bond yield UP 3 BASIS PTS to 4.525%

USA 2 YR BOND: UP 4 PTS AT  4.147

CDN 10 YR RATE 3.290 UP 0 BASIS PTS

CDN 5 YEAR RATE: 3.063 UP 0 BASIS PTS

USA dollar index: 104.14 UP 1 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.29 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  97.70 DOWN 0 AND  44/100 roubles

GOLD  2,743.40 3:30 PM

SILVER: 33.712 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 273.17 PTS OR 0.65%

NASDAQ DOWN 1 PTS OR 0.00%

VOLATILITY INDEX: 19,71 DOWN .62 PTS OR 3.05%

GLD: $253.33 UP 0.01 OR 0.01%

SLV/ $30.73 UP .10 OR 0.33%

TORONTO STOCK INDEX// TSX INDEX:UP 101.19 PTS OR .41%

end

USA AFFAIRS

USA TRADING TODAY IN GRAPH FORM

Stocks ‘Squeeze’ Higher, Crude Crushed, Bitcoin Bid Ahead Of Catalyst-Heavy Week

by Tyler Durden

Monday, Oct 28, 2024 – 04:00 PM

Today saw the quiet (short squeeze higher) before the storm of risk catalysts ahead this week (including 41% of SPX earnings and a handful of key macro data – JOLTS, GDP, PCE, NFP). But October Dallas Fed manufacturing activity was better than expected today, adding to momentum in the Citi US Macro Surprise Index…

Source: Bloomberg

The ‘good’ data sent rate-cut expectations (hawkishly) lower with 2024 now a coin toss between 1 and 2 25bp cuts and 2025 down to pricing in just 3 cuts…

Source: Bloomberg

Goldman’s trading desk noted that market volumes are down -5% and top of book depth is only $8.4mm with a “squeezy price action” evident in stocks: Bitcoin Equities (GSCBBTC1, +7.5%); China ADRs (GSXUCADR, +4.6%);  Non-Profitable Tech (GSXUNPTC, +3%) & Most Short Rolling (GSCBMSAL, +2.8%) – third major squeeze day in a row…

Source: Bloomberg

Mag7 stocks ended very marginally higher on the day after a short-squeeze open.

Source: Bloomberg

Bear in mind that today marks the first day of the estimated open window period for corporate buybacks with ~50% in open window today. We have already seen a number of companies start entering into new 10b5-1 plans over the past week.

Taking all that into consideration, Small Caps were the days best performer (squeeze) while Nasdaq was the laggard (barely holding on to unchanged). The S&P lagged The Dow…

VIX was lower today but the vol term structure for the S&P 500 is very much anticipating some malarkey over the next couple of weeks…

Source: Bloomberg

Bond yields pushed higher with the ‘Trump Trade’…

Source: Bloomberg

With yields up 3-4bps across the curve – but it was a wild day in bond-land with TSYs bid across Europe and then offered during most of the US session…

Source: Bloomberg

The dollar ended the day unchanged after extending Friday’s gains, falling back then inching back up to unch…

Source: Bloomberg

Bitcoin surged back up within a few ticks of $70,000…

Source: Bloomberg

Crude prices were clubbed like a baby seal today as the Iran-Israel theatrics seemed to calm traders minds and erase geopolitical risk premium….

Source: Bloomberg

Finally, USA Sovereign risk continues to rise quietly behind the scenes…

Source: Bloomberg

…as the world bids on the ultimate ‘insurance’ bet into an election surprise (red or blue sweep)…

Secure your wealth against inflation with JM Bullion.

MORNING TRADING/

Ugly 2Y Auction Sends Yields To Session High As Trump Odds Soar

by Tyler Durden

Monday, Oct 28, 2024 – 12:04 PM

Not only is it an extremely busy week, but ahead of Wednesday’s quarterly refunding (when we are expected to learn about a surge in new Bill issuance which will drain the reverse repo in weeks), we also have a barrage of coupon issuance starting with two offerings today, a 2Y and a 5Y auction, the first of which just priced when $69BN in two year paper sold at a high yield of 4.130%, up sharply from 3.520% last month (thank the resurgent Trumpflation trade for the sharply higher yields as the market prices in much more debt issuance under president Trump 2.0), and the highest since July. The auction also tailed the 4.122% When Issued by 0.8bps, the first tailing 2Y auction since May.

The bid to cover was 2.504, down from 2.588 last month and the lowest since May.

The internals were algo ugly with Indirects awarded just 58.2%, the lowest since May, and with Directs taking down a surprisingly high 23.8%, the most since May, Dealers were left with 17.9%, the biggest such award since December 2023.

Whether it was because of the poor 2Y auction or just because the market is starting to really price in a Trump presidency…

… yields spiked to session highs, with 10s now just shy of 4.30%, a level which even stocks will have no choice but to notice very soon.

AFTERNOON TRADING///

II USA DATA

end

III USA ECONOMIC NEWS

King Biden & Queen Harris Overrule Supreme Court On Student Debt Forgiveness

Monday, Oct 28, 2024 – 06:30 AM

Authored by Mike Shedlock via MishTalk.com,

Biden repeatedly acts like he is above the law. So who’s the threat to Democracy?

Biden Tries to Overrule Courts a Third Time

The Wall Street Journal reports Biden Snubs the Courts Again on Student Loan Forgiveness

‘That didn’t stop me,” President Biden declared after the Supreme Court blocked his $430 billion student loan write-off in 2023. It sure didn’t. After striking out in court with three debt forgiveness schemes, the Administration on Friday unveiled another. Take that, judges.

The Education Department says its proposed rule would authorize forgiveness for some eight million borrowers experiencing “hardship.” Under the rule, the department can discharge debt if it calculates a borrower has an 80% likelihood of defaulting on payments within the subsequent two years based on 17 factors such as income, debt balances and assets.

The rule would effectively let the department forgive debt of any borrower any time it wants. The administration says high child-care costs could qualify as a hardship. How about high auto loan or credit-card payments? Did someone say moral hazard?

In April the department released a plan that cancels accrued interest for 25 million borrowers and forgives debt of those who entered repayment over 20 years ago or who “enrolled in low-financial-value programs”—meaning, forprofit colleges. The plan also promised to waive debt for borrowers with a “hardship.”

A federal court last month blocked that plan, but the department says its new rule “would operate separately and distinctly.” Courts are playing whack-a-mole with the Administration’s debt write-offs that end-run Congress, which never authorized such broad-based debt forgiveness.

Such lawlessness is one reason so many Americans discount the left’s assertions that Donald Trump endangers democracy. Mr. Biden acts like he’s king, and Democrats and media voices cheering him on have no standing to object if Mr. Trump follows the Biden precedent.

Queen Harris

Please recall that when Harris was asked what she would have done differently than Biden, she could not come up with a single thing.

She supports Biden’s energy policy to ban gasoline engines, Biden’s immigration policy, the Inflation Reduction Act, Medicare for All, and student loan forgiveness.

She lied about supporting fracking, backed off that, and now the lie is back on again.

The NYT Has Another Great Poll for Trump

If you missed it, please see The NYT Has Another Great Poll for Trump, Tipping Point is Immigration

In yet another display of momentum for Trump, the New York Times has Trump tied nationally.

On October 21, I commented October 21: In California, Harris Is Down 21 Percentage Points With Latinos vs 2020

And while the The Immigrant Crime Spree is Real, Not Imaginary, Thank Harris and Biden that’s not really what the backlash against immigration is really about.

If people were not struggling with shelter, food, insurance, etc., they would not be so upset with immigration.

The backlash against immigration is really a backlash against inflation and the economy. That is what’s behind the shift towards Trump.

And it’s why this election is not the tossup everyone says it is.

Finally, Trump is Trump, but Harris is nothing but Biden with a very annoying laugh.

END

On The Wrong Track: This Is What An Imploding Economy Looks Like

Monday, Oct 28, 2024 – 09:15 AM

Authored by Michael Snyder via The Economic Collapse blog,

One of the main reasons why Americans are in such a foul mood right now is because the economy is in really bad shape and it just keeps getting worse.  

This is very good news for the Trump campaign, because most Americans don’t want things to remain the same.  

A desire for change is in the air, but our economy is unraveling so rapidly that it won’t be easy for anyone to turn things around.  We have built up a tremendous amount of momentum in the wrong direction, and it appears that the months ahead are not going to be pleasant.

Just look at what is happening to home sales.

Last month, sales of previously existing homes fell to the lowest level that we have seen since October 2010.

Of course in October 2010 we were dealing with the aftermath of a global financial crisis.

Overall, we are on pace “for the worst year since 1995” for sales of previously existing homes…

Sales of existing homes in the U.S. are on track for the worst year since 1995—for the second year in a row.

Persistently high home prices and elevated mortgage rates are keeping potential home buyers on the sidelines. Sales of previously owned homes in the first nine months of the year were lower than the same period last year, the National Association of Realtors said Wednesday.

Existing-home sales in September fell 1% from the prior month to a seasonally adjusted annual rate of 3.84 million, NAR said, the lowest monthly rate since October 2010.

Let those numbers sink in for a moment.

We haven’t seen anything like this for a long time, and nobody can deny that the market for residential real estate is in a depressed state right now.

And it appears that this month could be even worse than last month, because the number of mortgage applications being submitted is absolutely plummeting…

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association’s (MBA) weekly application survey for the week ending October 11, 2024.

The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.

Meanwhile, our nationwide commercial real estate crisis just continues to intensify.

If you can believe it, an office building in Manhattan that sold for 332 million dollars in 2006 just sold for 8.5 million dollars…

The sale of a nearly 1 million-square-foot Manhattan office building listed on the online auction site Ten-X was completed Tuesday for only $8.5 million.

That’s 97 percent less than the $332.5 million that the seller, Swiss bank UBS, paid for the Midtown property in 2006. The loss on the building at 135 West 50th Street was minimally offset by a $6 million gain UBS realized by buying and selling the ground beneath it in the interim.

UBS and its brokers at JLL listed the 920,000-square-foot building for sale on the online platform. The two-day auction kicked off July 30 with a starting bid of $7.5 million. The sale ended the next day after Ten-X lowered the reserve price. The winning bidder, whose identity has yet to hit property records, closed about 70 days later.

That is insane!

Commercial real estate prices have been crashing all over America, and this crisis is not getting the attention that it deserves from the media.

The banking industry is headed for big trouble as well.  In fact, the government shut down another bank on Friday…

Friday, The First National Bank of Lindsay was closed by the Office of the Comptroller of the Currency (OCC), with the Federal Deposit Insurance Corporation (FDIC) appointed as receiver. The OCC acted after identifying false and deceptive bank records and other information suggesting fraud that revealed depletion of the bank’s capital. The OCC also found that the bank was in an unsafe or unsound condition to transact business and that the bank’s assets were less than its obligations to its creditors and others.

The OCC is referring the matter to the United States Department of Justice, which has a wide variety of tools to hold individuals accountable for criminal acts and focuses on victims in all of its matters.

Some experts are projecting that hundreds of more banks will soon fail.

If that actually happens, it will be a complete and utter nightmare.

The “restaurant apocalypse” that I have written about so much also continues to roll on.

Sadly, we just learned that Denny’s has decided to shut down 150 locations…

Denny’s is closing 150 restaurants over the next year, and the 71-year-old diner chain is mulling a major change to its 24/7 operating hours.

Fifty locations are set to close by the end of 2024, while the remaining 100 will shutter in 2025, Denny’s announced in an earnings call Tuesday. That amounts to a tenth of its restaurants, leaving 1,375 locations once completed. A specific list of closing restaurants weren’t immediately announced.

Needless to say, lots of other chains are slimming down as well.

Right now, thousands upon thousands of restaurants are being permanently closed from coast to coast.

If the economy was heading in the right direction, this would not be happening.

Speaking of closures, another major retailer has announced that it will be closing all stores…

Buybuy Baby is shuttering all of its stores roughly a year after new owners tried to revive the brand.

The company announced on its website that it is transitioning to an online-only model after recognizing the need for a “a strategic reset.”

“With this shift, we’ve come to the difficult decision of closing our physical stores by the end of this year,” the company wrote. “We understand this may be disappointing news, and we want all our customers to know this wasn’t a choice we took lightly.”

Most retailers that are experiencing difficulties will try to hang on until at least the end of December.

But once we get into 2025, expect a huge wave of new store closures.

As I discussed the other day, U.S. consumers are really hurting at the moment.

You can’t get blood out of a stone, and a staggering percentage of U.S. cardholders have already maxed out at least one credit card…

Nearly 2 in 5 cardholders (37%) have maxed out a credit card or come close since the Fed started raising interest rates, Bankrate’s Credit Utilization Survey found. That includes 20% who have maxed out a credit card and 17% who have come close to maxing one out.

This is what an imploding economy looks like.

Bubbles are bursting all around us, and the outlook for 2025 and beyond is absolutely horrible.

Our leaders kept the game going for a long time by injecting trillions of dollars into the system and by going into unprecedented amounts of debt.

But despite all of their efforts, the economy is coming apart at the seams anyway, and so I hope that you are prepared for a very hard landing.

*  *  *

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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 28, 2024 Issue 7357

Independent View of the News

@IDF on Friday night: In response to months of continuous attacks from the regime in Iran against the State of Israel—right now the Israel Defense Forces is conducting precise strikes on military targets in Iran.  The regime in Iran and its proxies in the region have been relentlessly attacking Israel since October 7th—on seven fronts—including direct attacks from Iranian soil.     Like every other sovereign country in the world, the State of Israel has the right and the duty to respond. Our defensive and offensive capabilities are fully mobilized.  We will do whatever necessary to defend the State of Israel and the people of Israel.  https://t.co/OcHUy7nQvN   @Eyalo365 on Friday night: Israel Army Radio: “The attack on Iran is in the early stages; the first wave was to attack the defense systems that would give our planes a safe space to attack very important targets.”  F35 were the 1st wave focused on AA. (Russia’s top S-400 AA up in flames, humiliating)   The 2nd and 3rd waves hit over 20 military targets.  IDF statement: https://idfanc.activetrail.biz/ANC2610202454252324?s=02   Axios’s @BarakRavid: One of the key targets Israel attacked in its retaliatory strike against Iran was 12 “planetary mixers” that are a critical component in Iran’s ballistic missile program… The “planetary mixers” are used to produce solid fuel for long-range ballistic missiles…     Israeli sources said that the mixers are highly sophisticated equipment that Iran cannot produce on its own and must purchase it in China…     Israeli sources said that four S-300 air defense batteries that were in strategic locations and protected Tehran and nuclear and energy facilities in Iran were also attacked.     Israel also attacked a factory for the production of drones and conducted a “symbolic” strike on a facility in the city of Parchin that was used in the past in the past for the research and development of nuclear weapons   @DrEliDavid: IDF released photos of Israel Air Force before launching the attack on Iran.  They show that several female pilots took part in the attack as well. https://x.com/DrEliDavid/status/1850180821736464801   The IDF, since 2023, opened its top commando units to female recruits that could pass stringent, not ‘dumbed down,’ tests.  https://www.timesofisrael.com/idf-to-open-top-commando-unit-to-female-recruits-for-first-time/   @sentdefender on Friday night: U.S. President Joe Biden, who is currently at his Family Home in Wilmington, has been briefed by his National Security Team on tonight’s Wave of Israeli Strikes against Military Targets inside Iran, but he does not plan to return to the White House.   @ariel_oseran: Iranian military sites in Tehran, Karaj and Mashad were targeted in a wave of Israeli airstrikes, Iranian media reports. Simultaneously, Syrian state media reports Israeli airstrikes in Central and Southern Syria.   @IsraelRadar_com: Iran was completely helpless for 3 hours as Israel bombed strategic military sites at will, ex-IDF General Yisrael Ziv tells N12 News (via @MaarivOnline). After boasting for years of their supposed amazing air defenses, turns out Iran’s defenses are useless.   @CarolineGlick: Arabic media is reporting that Iran won’t retaliate because they don’t want to hurt Kamala Harris’s electoral prospects.   Israel offered Hamas leaders safe passage to free hostages, they refused https://www.timesofisrael.com/liveblog_entry/report-israel-offered-hamas-leaders-safe-passage-to-free-hostages-they-refused/   We opined in Friday’s missive that traders and operators would get jiggy on Fangs because this week most Fangs report results.  Near noon ET on Friday: Broadcom +2.75%, Nvidia +2.24%, Meta +1.73%, Amazon +1.62%, CrowdStrike +1.65%, Google +1.56%, Microsoft +1.25%   The DJIA was -72.38 at noon ET; USZs were -9/32; the DJTA +76.58; the NY Fang+ Index +1.31%   ESZs vacillated between small losses and gains from the Nikkei opening until they commenced a rally at 3:41 ET that intensified after 8 ET on buying for the NYSE opening and the Friday Rally.  ESZs soared after the NYSE opening and hit a daily high of 5900.75 at 10:19 ET.   Alas, sellers appeared; too many traders were long for the Friday and Fang Results Rallies.  So, ESZs began a plunge that took ESZs to a daily low of 5835.00 at 14:10 ET.  After a rebound to 5859.75 at 14:49 ET, ESZs slid to 5840.00 at 15:55 ET.  ESZs jumped to 5845.00 at 15:59 ET and rolled over.   Apple’s Q3 China smartphone sales slip, Huawei’s soar Apple’s iPhone sales in China fell 0.3% while rival Huawei’s sales jumped 42% in Q3, data from researcher IDC on Friday showed… (Vivo 18.6% market share, Apple 15.6%, Huawei 15.3%) https://www.reuters.com/technology/huaweis-q3-china-smartphone-sales-soar-apple-slips-2024-10-25/   1 million+ patients lose coverage as insurers, hospitals drop Medicare Advantage Facing financial and federal regulatory pressures, many insurers are pulling their Medicare Advantage plans from counties and states they’ve deemed unprofitable… patients are using more medical services and benefits than they anticipated… https://t.co/0itWq60W5R   October UM Sentiment 70.5, 69 expected, 68.9 prior; Current Conditions 64.9, 62.6 expected, 62.7 prior; Expectations 74.1, 73 expected, 72.9 prior; 1-year Inflation 2.7%, 2.9% expected & prior; 5-10-year Inflation 3% as expected and prior   Dems Lose Faith as UMich Sentiment Expectations Dip in October Sentiment of Republicans, who believe that a Trump presidency would be better for the economy, rose 8% on growing confidence that their preferred candidate would be the next president.  In contrast, sentiment declined 1% for Democrats.  As usual, Independents remain in between, with a 4% gain in sentiment this month…  https://www.zerohedge.com/personal-finance/dems-lose-faith-umich-sentiment-expectations-dip-october   Positive aspects of previous session Fangs rallied on buying for coming results   Negative aspects of previous session The DJIA declined sharply; USZs were -20/32 at the clos Banks got hammered.  NY Community Bank -9.9% at low (’24 & ’25 EPS and NII guided lower) Cryptos sank; US is probing Tether for money laundering, including Hamas & Russian arms dealers   Ambiguous aspects of previous session $190B traded daily on Tether.  Do any big banks have legal or financial exposure?   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5823.64 Previous session S&P 500 Index High/Low: 5862.82; 5799.98   Suspected Iranian Spy Ariane Tabatabai Receives a Pentagon Promotion Politico reports that Tabatabai has been promoted to Deputy Assistant Secretary of Defense for Force Education and Training, a position she’s (also) completely unqualified for… Politico pointedly asserts that Tabatabai was offered the position last month, likely in an attempt to make people believe that this move wasn’t in response to the document leak… https://t.co/3jv6agXnNE   @AGAndrewBailey (MO AG): I am launching an investigation into Google – the biggest search engine in America – for censoring conservative speech during the most consequential election in our nation’s history. Google is waging war on the democratic process. It’s time to fight back.   Has the US intel community intervened (Oct Surprise) in another US election.  This time via the WSJ.  The WSJ says the source is an ex-Russian intel officer.  Is this believable or misdirection?  Qui bono?   WSJ: Elon Musk’s Secret Conversations with Vladimir Putin – Regular contacts between world’s richest man and America’s chief antagonist raise security concerns; topics include geopolitics, business and personal matters… since late 2022…      Late last year, the Kremlin first made the request of Musk to not activate Starlink over Taiwan, said a former Russian intelligence officer briefed on the situation. The request was done as a favor to China, he said….at one point, Putin asked the billionaire [Elon Musk] to avoid activating his Starlink satellite internet service over Taiwan as a favor to Chinese leader Xi Jinping.”… https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187   Chinese Hackers Are Said to Have Targeted Phones Used by Trump and Vance – NYT   Japan’s ruling LDP coalition loses majority for first time since 2009 https://t.co/FfId5nhdHQ   Today –With the bulk of Fang results arriving this week, traders will play for the Monday Rally and expected great Fang results in coming days.  Plus, on a short-term basis, stocks are oversold.  On an intermediate basis, bonds are oversold.  If bonds cannot bounce soon, look out!   ESZs +30.75; NQZs are +127.50 (for the above reasons); and USZs are -21/32 at 20:30 ET.    Expected econ data and events: Oct Dallas Fed Mfg. Activity -9; Fed in blackout for 11/5-6 FOMC   Expected impact earnings: F .49   S&P Index 50-day MA: 5683; 100-day MA: 5571; 150-day MA: 5442; 200-day MA: 5334 DJIA 50-day MA: 41,806; 100-day MA: 40,693; 150-day MA: 40,069; 200-day MA: 39,694 (Green is positive slope; Red is negative slope)   S&P 500 Index (5808.12 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 5509.91 triggers a sell signal Daily: Trender is positive; MACD is negative – a close below 5788.27 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5796.38 triggers a sell signal   Democrats and Harris Campaign Officials Reportedly Believe ‘She Will Lose’: ‘Already Starting to Point Fingers – “Our reporting simply reflects scores of conversations with people close to Harris and intimately involved in swing-state races…     “Top Democrats are already starting to point fingers at who’d be more responsible for a Harris loss — President Biden for dragging his feet, or Harris herself,”…  https://www.mediaite.com/news/democrats-and-harris-campaign-officials-reportedly-believe-she-will-lose-already-starting-to-point-fingers/    Dems and their media stooges frenetically hyped Kamala’s reproductive rights rally in Houston that featured a media-hyped Beyonce concert on Friday.  The event attracted 30k, Harris’s biggest crowd ever.  Beyonce spoke about 3-4 minutes on abortion rights and exited.  Beyonce did NOT sing.    @alexstein99: People were heckling Kamala like crazy all night…the secret service was stressed out https://x.com/alexstein99/status/1850010043535552790/video/1   Kamala Rally Descends into Complete Chaos as Beyoncé Doesn’t Perform https://modernity.news/2024/10/26/kamala-rally-descends-into-complete-chaos-as-beyonce-doesnt-perform/   Beyoncé fans furious she didn’t perform live at Kamala Harris Houston rally: ‘We wanted a free concert!’ https://trib.al/036peLw   @TimMurtaugh: Promising a concert from a huge pop star who then did not perform is the most perfect metaphor for the Harris campaign that anyone could dream up only it really happened.   @joma_gc: Over 40 people were hospitalized who attended Kamala’s rally yesterday in Houston. Thousands attended after being promised a free Beyonce concert. After waiting an entire day in the scorching heat, Beyoncé did not perform. This is the second time Kamala does this. She promised a Beyoncé concert at the DNC, and Beyoncé never showed up. The joy is gone. (MSM is spiking this!)   @OcrazioCornPop: KAMALA brings 10 abortion “doctors ” on stage to praise abortion. Someone in audience has a medical emergency and all the “doctors” heads start spinning looking for someone else who can help. “I think someone needs some medical assistance over here.” https://x.com/OcrazioCornPop/status/1850171161084149998   @Bubblebathgirl: Kamala Harris now has supporters screaming at little children in strollers. Will @KamalaHarris or her campaign @KamalaHQ condemn this atrocious behavior?  https://x.com/Bubblebathgirl/status/1850172257412293083   WaPo: On Political Endorsement by William Lewis, publisher and chief executive officer of The Washington Post:  The Washington Post will not be making an endorsement of a presidential candidate in this election. Nor in any future presidential election. We are returning to our roots of not endorsing presidential candidates. (Another blow to Team Obama-Harris; WaPo usually endorses Dems)   Newspaper political endorsements 1980 to 2020: https://noahveltman.com/endorsements/   @washingtonpost: An endorsement of Kamala Harris was drafted by Post staffers but had yet to be published, according to sources who spoke on the condition of anonymity. The decision not to publish was made by The Post’s owner, Jeff Bezos, according to the same sources.   @davidharsanyi: Bezos lost $77 million last year on the WaPo. They should thank him for their jobs.   Some WaPo staffers have resigned, including anti-DJT Editor at Large Robert Kagan, who is married to the infamous DJT nemesis and Russiagate hoaxer Victoria Nuland. ’   Neocon Grandee (Robert) Kagan Resigns Over Post Non-Endorsement Kagan… has emerged since 2016 as an opponent of Donald Trump. He endorsed Hillary Clinton in the 2016 election, and more recently has recently written articles in the Washington Post decrying a hypothetical “Trump dictatorship.” He has confirmed both his resignation and its cause.     Kagan is married to Victoria Nuland, a State Department official best known for her hawkish and anti-Russian views, including for her role in Ukraine’s 2014 “Maidan” Color Revolution, and her promotion of the Russiagate hoax… (The MSM is interlaced with relationships to top US officials!) https://www.theamericanconservative.com/neocon-grandee-kagan-resigns-over-post-non-endorsement/   Victoria Nuland, Obama official linked to anti-Trump dossier, to testify before Congress https://www.washingtontimes.com/news/2018/jun/15/victoria-nuland-linked-anti-trump-dossier-testify/   Trump singles out Victoria Nuland, ‘National Security Industrial Complex’ for WWIII threat https://www.worldtribune.com/trump-singles-out-victoria-nuland-national-security-industrial-complex-for-wwiii-threat/   @WesternLensman: Fmr. WAPO Editor says WAPO’s decision not to endorse Kamala is a “sign of weakness” that will damage the outlet’s reputation of “independent” reporting: “[It’s] deeply concerning because they need to continue with their mission of independent journalism.” (What?!?!) https://x.com/WesternLensman/status/1850216228238811595   @profstonge: WAPO editor: not endorsing a candidate damages our reputation for independence.  Still, think how much education it takes to talk yourself into this kind of logic.   Axios CEO @JimVandeHei: Biden aides and allies privately have trash-talked the vice president during the past 3½ years — and Harris, Second Gentleman Doug Emhoff and others in her inner circle know it. Their revenge will be stripping them of power – if she wins.   The NYT/Sienna final poll has Trump 48, Harris 48, but DJT +1 with full field.  In 2020, their final poll had Biden +14!   @joma_gc: WOW! People are leaving in droves from the Kamala rally in Atlanta, Georgia as she is speaking. Looks like they only came for the special guests. (Bruce Springsteen) https://x.com/joma_gc/status/1849605382441673040   @RitaPanahi: Is Bruce ok? Has this audio been manipulated or does he really sound this bad these days. Yikes. https://t.co/3SYwM20Ch9   On Friday a reporter asked Harris why she is emphasizing Trump’s threat to democracy and not the economy.  KAMALA: “One of the things that I love about the American people is we can hold many thoughts at once.  And one of the highest priorities for the American people right now is bringing down costs and that is priority of my agenda and will be priority of my work as POTUS.” https://x.com/EricLDaugh/status/1849881270878089469   @GrageDustin: This Auschwitz survivor just tore Kamala Harris to pieces. “I know more about Hitler than Kamala will ever know in a thousand lifetimes. For her to accuse President Trump of being like Hitler is the worst thing I’ve ever heard in my 75 years of living in the U.S.” https://t.co/C8DZcy8cao   Holocaust survivor denounces Kamala Harris for boosting Trump-Hitler comparisons, says ex-prez is ‘a mensch’ https://trib.al/AiLq5FH   Harris silent after GOP leaders say ‘fascist’ rhetoric ‘risks inviting’ another Trump assassination attempt https://trib.al/lnSM3Cy   Kamala Harris’ Marxist dad issued warning against mass immigration: ‘Serious problem for blacks’ https://trib.al/CcUwUAI   @JoeConchaTV on Friday: This is how poorly the Harris campaign is performing. Tuesday: no campaign events/rallies; Wednesday: no campaign events/rallies; Thursday: One rally in Georgia; Friday: Rally in *Texas* at 9:30p ET up against the World Series.  So only 1 rally in a swing state in 4 days… Amateur hour. (Nothing on Friday until 9:30 PM ET!?!?!)   @JerryDunleavy: Hillary all in on Trump = Hitler messaging. “One thing you’ll see next week is Trump actually re-enacting the Madison Square Garden rally in 1939. … Neo-Nazis… in America were lining up to… pledge their support for the kind of government… in Germany.” https://t.co/kRXt9LSsre   PS – Decades ago, ex-Clinton political guru Dick Morris noted that polling showed that the Clintons’ approval ratings decreased when Hillary was in the public eye and increased when she was absent.  Hillary’s ranting, raving, and witchy woman routine can only hurt Harris and Dems! @brodigan: New York Times. October 1948; President Likens Dewey to Hitler as Fascists’ Tool https://x.com/brodigan/status/1849838415698608443   Ever since Hitler, Democrats and the media (but I repeat myself) have been claiming their opponents are Hitler.   Former Vatican ambassador to US calls Harris ‘an infernal monster who obeys Satan’ https://trib.al/UjBgwfW   @JeffClarkUS: Kamala Harris is a fraud.  As the NRO article shows, she claimed she prosecuted hundreds of cases, then dialed that back to 50, then dialed that back to “under 30.”  The reality is that she did no more than 10 cases. And if you credit her boss, Hallinan, she did only one case in San Francisco, not 2. And that drops her total down to 9 cases over a 10-year span and that includes civil cases she tried, which I have already been told though a records act request to San Francisco, there’s no record of her having done a civil trial while working for the City Attorney’s Office… https://t.co/GhSgSjLAXJ   @TrumpWarRoom: TRUMP: “We are running against the most radical, most incompetent, most unfit Vice President in history. No one respects her. No one trusts her — We are not only running against her. We are something far bigger and far more powerful than her, which is a massive, vicious, crooked, radical left machine that runs today’s Democrat Party.” https://x.com/TrumpWarRoom/status/1849657480302739607   Biden struggled to speak, focus more than a year before leaving race, according to new book Bob Woodward quoted one witness who said Biden seemed like a ‘senile grandfather’ at a 2023 event https://www.foxnews.com/media/sources-tell-woodward-biden-struggled-speak-focus-more-than-year-before-leaving-race (What a gig!  You publish stuff that is old news that was widely reported and get paid millions for it!)   Biden suggests very alive former Rep. Gabby Giffords is dead after bizarre remark: ‘Nothing wrong with me’ https://t.co/aKU0EWcYFL   @RNCResearch: Biden’s brain breaks in real time, insists there’s “nothing wrong” with him. He’s in a state of rapid cognitive decline, which Kamala covered up for YEARS — and has never once answered for it. It’s the scandal of the century. https://x.com/RNCResearch/status/1849873884046344417   Michigan has deployed a national guard unit to police the southern border.  A little late, don’t you think? https://www.wilx.com/2024/10/25/michigan-national-guard-set-deployment/   @TheRabbitHole84: Young men are leaving the Democratic Party: 2016: 51% of young men identified or leaned Democrat; -2023: This number dropped to 39% (Decades of demonizing and debasing) https://x.com/TheRabbitHole84/status/1849475249760288907   @EricLDaugh: Lancaster County, Pennsylvania says it found and stopped a SUSPECTED VOTER REGISTRATION FRAUD operation. To the tune of thousands.   @lsferguson: Lancaster County Pennsylvania Fake Ballot Registrations Scandal Expands – Involves Two More Counties – Two Groups Mentioned in Scandal https://x.com/lsferguson/status/1849864926975885468 https://x.com/EricLDaugh/status/1849839728750711240   @TrumpDailyPosts: CEASE & DESIST: I, together with many Attorneys and Legal Scholars, am watching the Sanctity of the 2024 Presidential Election very closely because I know, better than most, the rampant Cheating and Skullduggery that has taken place by the Democrats in the 2020 Presidential Election…  WHEN I WIN, those people that CHEATED will be prosecuted to the fullest extent of the Law… Please beware that this legal exposure extends to Lawyers, Political Operatives, Donors, Illegal Voters, & Corrupt Election Officials. Those involved in unscrupulous behavior will be sought out, caught, and prosecuted at levels, unfortunately, never seen before in our Country.   @Jonathan_Witt: Trump on Rogan – A comprehensive thread (Interview lasted ~ 3 hours) Rogan: “You were a Democrat until what year?” Trump: “The early 90s”…     “I picked some people that I shouldn’t have picked…”     Joe wants to know if Biden was set up to fail in the debate. Trump thinks so…     Points out that Kamala took 2 days off for the CNN town hall and still couldn’t answer questions…     Trump says they hate it when he talks about the “enemy from within” but he truly believes that there are people who “really want to make this country unsuccessful”…     Trump says “I’ve had some people that aren’t exactly thrilled” re having RFK Jr. on his team. Refers specifically to big pharma…     Trump turns to the subject of lawfare. Says it’s very clear that the other side complains he’s going to go after them legally when that’s exactly what they’re doing…     Trump says Sundar Pichai from Google (CEO) phoned him after the McDonald’s stop and said it was one of the biggest viral events in years…     Trump’s closing argument is that if companies want access to the American market and its citizens then they must build their factories and manufacture their product in the USA… https://x.com/Jonathan_Witt/status/1850101867553914917   Kamala Harris refused to interview with Joe Rogan because Rogan would NOT accept Team Obama-Harris’s limitations on certain topics and questions.   @TrumpWarRoom on Sat: President Trump was just endorsed by Imam Belal Alzuhairi and other prominent leaders of Michigan’s Muslim community — the most expansive, diverse coalition in political history. “We, as Muslims, stand with President Trump because he promises PEACE — NOT WAR!” (All that anti-Israel stuff by Team Obama-Biden-Harris for naught!) https://t.co/HQ65R0b76T      TRUMP: “Kamala is campaigning with Muslim hating warmonger Liz Cheney, who wants to invade practically every Muslim country on the planet — Her father was responsible for invading the Middle East, killing millions of Arabs.” https://t.co/84OkfBkP5c   @still_boneless: There are thousands of memes & dozens of videos highlighting Kamala’s… problem. And her campaign thinks it’s a good idea for her to sit down at a bar and drink. Unreal https://t.co/KN1lSEmAUv   @EndWokeness: To win over male voters, Kamala Harris is at a bar drinking beer and saying “s–t” https://x.com/EndWokeness/status/1850380576815034809   @joma_gc on Saturday night: Kamala gets heckled, called a “piece of s–t” and booed loudly by anti-war protestors at her Kalamazoo, MI rally. (Flustered, looks offstage for help) https://t.co/VaowHaVncs   @EndWokeness on Sunday: Kamala Harris unveils a new accent at a black Philadelphia church https://x.com/EndWokeness/status/1850548289608839250 @GuntherEagleman: DAY THREE: Kamala is continually getting scorched on stage!  She’s at a church this morning and the crowd HATES her. Her campaign is in SHAMBLES! https://x.com/GuntherEagleman/status/1850546375190086044   Harris heckled at Pennsylvania church, says voting for her fulfills God’s expectation ‘for us to help Him’ https://t.co/Hn643R1IAM Axios on Sunday: Harris stiff-arms Biden in final stretch President Biden wants to campaign for Vice President Harris in the last days before the election.    Harris’ campaign keeps responding: We’ll get back to you, three people familiar with the dynamic told Axios. Why it matters: Harris’ team believes Biden is a political liability at a crucial time in the campaign — but is reluctant to directly say they don’t want him to campaign for her.. https://www.axios.com/2024/10/27/harris-biden-distance-campaign   On Sunday, in response to a question about her internal polling is influencing her actions, Harris equivocated: “My internal polling is my instinct! (laughs)…”  Obviously, her internal polling is sad. https://x.com/TrumpWarRoom/status/1850565491544162566   Team Obama-Harris had Michelle Obama appear on Saturday night and hector.  Like her hubby, she claimed that men are racists or sexist if they don’t vote for Kamala.  Anyone that has spent time on social media knows what American males in the aggregate think about Michelle – and the last thing males want is for any Obama to lecture and hector them.  The Obamas stupidly think that the MSM’s idolatry for them extends to a majority of American males.   Michelle Obama: “We have every right to demand that the men in our lives do better by us. We have to use our voices to make these choices clear to the men that we love. Our lives are worth more than their anger and disappointment, and we are more than just baby-making vessels…” https://x.com/brianstelter/status/1850324197093912906   Democrat group sparks fury with outrageous pro-porn advert Democrat groups have sparked outrage with a new pro-porn advert showing a man m@@@@@ating to an X-rated clip being interrupted by a stern Republican… (WHY???) https://www.dailymail.co.uk/news/article-14001939/Democrat-pro-porn-ad-republican-ban.html?s=02   @cb_doge: President Joe Biden attacks Elon Musk. “Elon Musk is the richest man in the world. He was supposed to be in a school when he came on a student visa. He was working. He was violating the law and he’s talking about all these illegals.”    https://x.com/RebelACole/status/1850393203192549526   @ColonelMark4: Gen Kelly is on the board of directors of DC Capital Partners. They own Acuity International/Valiance Humanitarian which both have received $100’s of millions of NO BID contracts to move illegal aliens around our interior. Now we know why! Trump will shut his business down! https://twitter.com/ColonelMark4/status/1849950687842459718?s=02   @CynicalPublius: GEN (Ret.) Barry McCaffrey is in the news again… I want to tell you a story about good ol’ Barry.  The story speaks to how The Swamp operates, how political generals operate and how the Democrat/Media Complex operates…    Bill Clinton took office in 1993.  Shortly after the inauguration, Barry (who was then a 3-star and serving as the Joint Staff J-5 (Strategy, Plans and Policy) went to the White House for a meeting…      “He says ‘good morning’’ to a young staffer… She leans over in his face, and says, ‘We don’t talk to people over here who wear their uniforms.‘’ Nobody was ever fired for that despicable insult. As far as we know, nobody was even disciplined.”      That “young staffer”?  It was really 13 year-old Chelsea Clinton, and what she said was actually more along the lines of:  “My father and mother don’t allow uniforms in the White House.”…     The White House Press Corps KNEW THIS and collectively refused to report it…     The President privately apologized to him; Barry kept his mouth shut… Then he made his fourth star and became the combatant commander for USSOUTHCOM, and most people in the know thought that was a steeping stone to moving first to USCENTCOM, and then maybe to Chairman of the Joint Chiefs.  But Barry retired early, called in that chip, and Clinton appointed him as director of the Office of National Drug Control Policy… https://x.com/CynicalPublius/status/1849871144213676131   The Progressive Moment Is Over – Four reasons their era has come to an end. By Democratic political pundit Ruy Teixeira     Loosening restrictions on illegal immigration was a terrible idea and voters hate it… 2. Promoting lax law enforcement and tolerance of social disorder was a terrible idea and voters hate it… 3. Insisting that everyone should look at all issues through the lens of identity politics was a terrible idea and voters hate it…4. Telling people fossil fuels are evil and they must stop using them was a terrible idea and voters hate it… https://www.liberalpatriot.com/p/the-progressive-moment-is-over   Toxic Femininity and Wokeism Are Driving Men, Jews, Billionaires, and Muslims Away From Harris to Trump – We are looking at an epochal realignment of American politics https://www.public.news/p/toxic-femininity-and-wokeism-are

SWAMP STORIES FOR YOU TONIGHT

GREG HUNTER INTERVIEWING MARTIN ARMSTRONG

Desperate Deep State Wants War & Martial Law – Martin Armstrong

Desperate Deep State Wants War & Martial Law – Martin Armstrong

By Greg Hunter On October 27, 2024 In Market Analysis, Political Analysis17 Comments

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

Legendary financial and geopolitical cycle analyst Martin Armstrong says we are getting down to the wire with the 2024 Election, and the Deep State Dems are in panic mode.  Could we have a false flag, martial law, debt crisis, default, war or all of the above?  Armstrong says, “They want war.  There is no question about that. . . . Lindsey Graham was on Face the Nation a couple of months ago, and he slipped and told the truth for once.  I was shocked that he actually slipped and told the truth for once.  He said there was a $10 trillion to $12 trillion natural gas asset under Crimea, and we can’t allow Russia and China to get that. . . . This is like Iraq.  We are going after the oil.”

On martial law, Armstrong says, “I am very concerned about martial law. . . . They (Supreme Court) have kind of hinted that martial law is a common law type thing.  When the courts are closed, then you have martial law.  It is justified under ‘necessity.’  This is what the Supreme Court has said.  So, I am very concerned that these neocons are so desperate that they are definitely going to try to create some sort of a false flag or anything they can do perhaps the last week in October going into the election.”

On the war front, we just had Israel bomb Iran, and NATO is still poking Russia.  Armstrong says, “NATO is a retirement home for neocons.  It should have been shut down.  They are trying to take the world into World War III.  They are now raising a $100 billion so they can continue the war against Russia in case Trump is elected.”

Armstrong is still seeing Trump winning in 2024 in a “landslide.”  Kamala Harris is going the other way.  A few months back, Armstrong said Kamala’s real approval rating was 10.5%.  Armstrong says he just ran new Kamala Harris approval ratings with his Socrates computer program.  Armstrong says, “It’s actually down to 6.5% to 7.5%.  It’s really appalling.”

Armstrong says Kamala has “negative coattails,” which will spell big losses for Democrats down ballot in November.

On the economy, Armstrong says, “We are in this debt Ponzi scheme where they issue new debt every year to pay off the old debt.  People say the debt is $34 trillion, but the level of the debt does not matter.  It could be a quadrillion dollars. . . . China holds 10% of America’s debt.  They sold $53 billion at the beginning of the year.  This is where the danger comes.  If you don’t have someone to take up what China is not buying, guess what?  You can’t pay, and when you can’t pay, that’s when a default comes.  This is why they want war . . . so they can default on everything. . . . They take us to war, and there goes Social Security and everything else.”

On the 2024 Election, Armstrong says, “The 2024 Election will be the last election. . . . The US will break up into three or four sections. . . . We are committing suicide. . . . This is how governments die. . . . Gold goes up when people lose confidence in government.  This is why central banks want gold.  They are afraid of governments defaulting on their debt in war. . . . In the war, we lose it next time.  They want terrorism so they can lock us down.  This is the future we face.”

There is much more in the 1-hour and 3-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong as he gives his analysis on martial law, debt default and world war for 10.26.24.

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After the Interview:

If you want to attend Armstrong’s 2024 World Economic Conference in Olando, FL, Nov. 8, 9 & 10, 2024, or register for streaming of the event, click here.

SEE YOU TUESDAY