GOLD PRICE CLOSED UP $4.05 TO $2741.00

SILVER PRICE UP $0.18 TO $32.65

Gold ACCESS CLOSED $2743.45

Silver ACCESS CLOSED: $32.64

Bitcoin morning price:$68,743 UP 1178 DOLLARS.

Bitcoin: afternoon price: $69.992 UP 2427 DOLLARS

Platinum price closing UP $4.95 TO $1000.05

Palladium price; DOWN $35.25 TO $1075.30

END

*CANADIAN GOLD: $3795.95 DOWN 7.50 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)

*BRITISH GOLD: 2105.05 DOWN 6.81 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2148.36 BRITISH POUNDS/OZ) OCT 30/2024

*EURO GOLD: 2,510.84 DOWN 5.20 Euros per oz //* (ALL TIME CLOSING HIGH: 2565.55 EUROS PER OZ//OCT 30 //.2024)

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EXCHANGE

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,736.100000000 USD
INTENT DATE: 11/04/2024 DELIVERY DATE: 11/06/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

072 C GOLDMAN 2
190 H BMO CAPITAL 1
363 H WELLS FARGO SEC 8
624 H BOFA SECURITIES 5
737 C ADVANTAGE 14 2

---

TOTAL: 16 16

JPMorgan stopped 0/16

GOLD: NUMBER OF NOTICES FILED FOR NOV/2024. CONTRACT: 16 NOTICES FOR 1600 OZ  0.0497 TONNES

total notices so far: 1584 contracts for 158400 Oz (4.926 tonnes)

FOR  NOV

SILVER NOTICES: 0 NOTICE(S) FILED FOR 0.00 MILLION OZ/

total number of notices filed so far this month : 649 for 3.245 million oz

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GLD/

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

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

WITH GOLD UP $4.05 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD: NO CHANGES IN GOLD INVENTORY AT THE GLD:

/ /INVENTORY RESTS AT 888.63 TONNES

INVENTORY RESTS AT 888.63 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.18 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY INTO THE SLV: A WITHDRAWAL OF 1,109 MILLION OZ OUT OF THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 479.533 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A HUGE SIZED 752 CONTRACTS TO 151,397 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR TINY LOSS OF $0.08 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONDAY’S TRADING. WE HAD A SMALL LOSS OF 127 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR TINY LOSS OF $0.08  IN PRICE. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS ON MONDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S CONTINUAL PRICE RISE WITH NO REAL SUCCESS MONDAY TRADING. WE HAD SOME SHORT COVERING BY OUR SPECS DURING THE COMEX TIME ZONE MONDAY..  WE HAD A  HUGE 625 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A MEGA HUMONGOUS 2160 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING AND THEY PLAY AN INTEGRAL PART DURING RAIDS PLUS CONTAINING ANY SILVER PRICE RISE. IN ESSENCE WE LOST A SMALL 127 CONTRACTS ON OUR TWO EXCHANGES WITH OUR TINY 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 MONDAY NIGHT: A MEGA HUMONGOUS 2160 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 SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.08) AND WERE SUCCESSFUL IN KNOCKING OFF SOME NET SILVER LONGS FROM THEIR PERCH AS WE HAD A NET LOSS OF 158 CONTRACTS ON OUR TWO EXCHANGES. 

WE HAD A HUGE 625 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 2.810 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 0 OZ QUEUE JUMP//NEW STANDING REMAINS AT: 3.4500 MILLION OZ

// STANDING FOR SILVER//NOV AT 3.4500 MILLION OZ

WE HAD:

/ HUGE SIZED COMEX OI LOSS//HUGE SIZED EFP ISSUANCE/ VI) MEGA HUMONGOUS SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 2160 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: added 21 CONTRACTS.

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

TOTAL CONTRACTS for 3 DAYS, total 2580 contracts:   OR 12.900 MILLION OZ  (860 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  12.900 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; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )

NOV. 12.900 MILLION OZ (WILL BE QUITE LARGE THIS MONTH)

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 752  CONTRACTS WITH OUR LOSS OF $0.08 IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE  CONTRACTS: 625 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 NOV OF  2.810 MILLION  OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 0 OZ QUEUE JUMP

//NEW TOTAL STANDING FOR NOV AT 3.450 MILLION OZ 

WE HAVE A SMALL LOSS OF 127 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR TINY LOSS IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUMONGOUS SIZED 2160 CONTRACTS ( WILL BE USED FOR TUESDAY’S TRADING),//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION

/ SOME NET SHORT COVERING FROM OUR SPEC SHORTS WITH THE LOSS IN PRICE MONDAY/ . 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 MONDAY NIGHT   (2160) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND LATELY ON A DAILY BASIS INCLUDING YESTERDAY AND TODAY.

WE HAD 0 NOTICE(S) FILED TODAY FOR 0.00 MILLION OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 4128 OI CONTRACTS  TO 558,125 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: added 61 CONTRACTS//

WE HAD A STRONG SIZED DECREASE  IN COMEX OI (4128 CONTRACTS) OCCURRED WITH OUR LOSS OF $2.45 IN PRICE MONDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR NOV AT 2.488 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S STRONG 1600 OZ QUEUE JUMP//NEW STANDING 5.0886 TONNES

NEW STANDING FOR NOVEMBER: 5.0886 TONNES

/ ALL OF THIS HAPPENED WITH OUR $2.45 LOSS IN PRICE  WITH RESPECT TO MONDAY’S COMEX TRADING///. WE HAD A SMALL LOSS OF 770 OI CONTRACTS (2.395 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 WEEK, 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 TODAY’S STRONG QUEUE JUMP OF 1600 OZ)

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4898 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 558,125

IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 770 CONTRACTS  WITH 4128 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 4898 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 770 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED 3493 CONTRACTS, WE HAD SOME LIQUIDATION OF T.A.S CONTRACTS WITH OUR LOSS IN PRICE MONDAY

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4898 CONTRACTS) ACCOMPANYING THE STRONG SIZED DECREASE IN COMEX OI OF 4128 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 770 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 NOV 2.488 TONNES FOLLOWED BY TODAY’S HUGE 1600 OZ QUEUE JUMP 

//NEW STANDING NOVEMBER: 5.0886 TONNES 

 / 3) SOME T.A.S. LIQUIDATION (TRYING TO CONTAIN GOLD’S PRICE RISE WITH LIMITED SUCCESS MONDAY , AND WITH ZERO NET LONG SPECS BEING CLIPPED. STICKY GOLD’S LONGS HOWEVER ARE NOT FOOLED AS THEY WERE REWARDED THURSDAY AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL

  4)  STRONG SIZED COMEX OPEN INTEREST DECREASE 5)  STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///HUGE T.A.S.  ISSUANCE: 3493 T.A.S.CONTRACTS

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

NOV

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: 18,188 CONTRACTS OF 1,818,800 OZ OR 56.57 TONNES IN 3 TRADING DAY(S) AND THUS AVERAGING: 6062 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 3 TRADING DAY(S) IN  TONNES  41.337 TONNES

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

THUS EFP TRANSFERS REPRESENTS  56.57 DIVIDED BY 3550 x 100% TONNES = 1.57% 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. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)

NOV: 56.57 TONNES (WILL PROBABLY BE A HUGE 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 HUGE SIZED 752 CONTRACTS OI  TO 151,397 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 1320 CONTRACTS

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

DEC 625 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 625 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 752   CONTRACTS AND ADD TO THE 625 E.FP. ISSUED

WE OBTAIN A SMALL SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 127 CONTRACTS

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES  TOTALS 0.635 MILLION OZ OCCURRED WITH OUR   $0.08 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//

TUESDAY MORNING MONDAY  NIGHT

ASIA TRADING/TUESDAY MORNING/MONDAY  NIGHT

SHANGHAI CLOSED UP 76.78 PTS OR 2.32%

//Hang Seng CLOSED UP 439.45 PTS OR 2.14%

// Nikkei CLOSED//Australia’s all ordinaries CLOSED DOWN 0.42%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1027 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1051// Oil UP TO 71.85 dollars per barrel for WTI and BRENT UP AT 75.48 Stocks in Europe OPENED MOSTLY ALL MIXED

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 4128 CONTRACTS TO 558,125 WITH OUR LOSS IN PRICE OF $2.45 WITH RESPECT TO MONDAY’S TRADING. , WE LOST ZERO NET IN NUMBER LONGS WITH THE SLIGHTLY LOWER PRICE FOR GOLD AS YOU WILL SEE BELOW. WE HAD A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (4898).

THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT LAST 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 112+ 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 2024/(AS OUTLINED IN OUR GOLD PHYSICAL COMMENTARIES//VIEW ANDREW MAGUIRE LATEST LIVE FROM VAULT 197 AS HE TACKLES THIS IMPORTANT TOPIC). 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!

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. HOWEVER MANY LONGS WERE CLIPPED ON THURSDAY’S AND FRIDAY’S RAID. 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 NON ACTIVE DELIVERY MONTH OF NOV.…  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 4898 EFP CONTRACTS WERE ISSUED: :  /DEC  4898 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 4898 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 SMALL TOTAL OF 770 CONTRACTS IN THAT 4898 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG SIZED LOSS OF 4128 COMEX  CONTRACTS..AND THIS  SMALL GAIN  ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $2.45 MONDAY// 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 MONDAY NIGHT, A STRONG SIZED 3493 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:   NOV (5.0886 TONNES) WHICH IS GOOD FOR OUR NON ACTIVE NOV DELIVERY MONTH.

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 47 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 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK PRIOR =60.391 TONNES

NOV . 5.0886 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY  $2.45/)//BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A SMALL GAIN IN OUR TWO EXCHANGES. WE DID HAVE CONSIDERABLE T.A.S. SPREADER LIQUIDATION MONDAY BUT THIS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING.

WE HAVE GAINED A TOTAL OF 2.395 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR NOV (2.488TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S STRONG QUEUE JUMP OF 85 CONTRACTS OR 8500 OZ (.2643 TONNES). THESE GUYS UNDERWENT A STRONG QUEUE JUMP BOLTING AHEAD OF OTHER LONGS TO OBTAIN BADLY NEEDED PHYSICAL GOLD.

//NEW STANDING FOR NOV 5.0886 TONNES

NEW STANDING FOR NOVEMBER: 5.0886 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE  TO THE TUNE OF $2.45

WE HAD 61 CONTRACTS ADDED FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 770 CONTRACTS OR 77000 OZ (2.395 TONNES)

confirmed volume MONDAY 164,068 contracts poor

//speculators have left the gold arena

END

NOV 5  OCT  GOLD CONTRACT

/ /// THE NOV 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	NIL           .
Deposit to the Dealer Inventory in oz	NIL
Deposits to the Customer Inventory, in oz	NIL
No of oz served (contracts) today	16 notice(s) 1600 OZ 0.0497 TONNES
No of oz to be served (notices)	52 contracts    5200 OZ 0.1617 TONNES
Total monthly oz gold served (contracts) so far this month	1584 notices 158,400oz 4.926 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month	x

dealer deposits: 0

total dealer deposits:  nil oz

we have 0 customer deposits

total deposits NIL oz 

withdrawals: 0

adjustments: 1

DEALER TO CUSTOMER/BRINKS:
42,246.429 oz (1314 kilobars)

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOV.

For the front month of NOV: we have an oi of 68 contracts having LOST 184 contracts. We had 200 contracts served on MONDAY so we gained 16 contracts as they underwent a strong queue jump of 1600 oz (.0497 TONNES OF GOLD)

DECEMBER, THE BIGGEST DELIVERY MONTH LOST 8763 CONTRACTS TO 398,859

JANUARY GAINED 1 CONTRACT TO STAND AT 17

FEBRUARY GAINED 4409 CONTRACTS TO 99,532 .

We had 16 contracts filed for today representing 1600 oz  

This is a huge major assault on the comex for gold and this time it is physical that will be requested.

Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 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 NOV /2024. contract month, we take the total number of notices filed so far for the month (1584 x 100 oz ) to which we add the difference between the open interest for the front month of  NOV(68 CONTRACTS)  minus the number of notices served upon today  (16 x 100 oz per contract( equals  163,600 OZ  OR 5.0886 TONNES.

thus the INITIAL standings for gold for the NOV contract month:  No of notices filed so far (1584 x 100 oz +we add the difference for front month of NOV  (68 OI} minus the number of notices served upon today (16 x 100 oz which equals  163,600 oz (5.0836 TONNES)  +

TOTAL COMEX GOLD STANDING FOR NOV.: 5.0836 TONNES WHICH IS GOOD FOR THIS  NON ACTIVE DELIVERY MONTH IN THE CALENDAR. 

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COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 OZ PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,590,444.436  oz 49.469 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,133,368.992 OZ  

TOTAL REGISTERED GOLD 7,619,760.679/// 237.00tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,513,608.313 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,029,316 oz (REG GOLD- PLEDGED GOLD)= 187.53 tonnes //

END

SILVER/COMEX

NOV   5. 2024

INITIAL

//2024// THE NOV 2024  SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	nil oz .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	600,439.36 oz Delaware ASAHI
No of oz served today (contracts)	0 CONTRACT(S)    (0 OZ)
No of oz to be served (notices)	41 contracts  (205,000oz)
Total monthly oz silver served (contracts)	649 Contracts  (3.245 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : NIL oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  2 customer deposits

i) Into Delaware: 4846.226 oz

ii) Into ASAHI 595,493.120 oz

total customer deposits 600,439.326 oz

We had 0 withdrawals

total withdrawal nil oz

JPMorgan has a total silver weight: 134.401million oz/309.117million  or 43.42%

adjustment 0

TOTAL REGISTERED SILVER: 70.073MILLION OZ//.TOTAL REG + ELIGIBLE. 309.117million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR OCT

silver open interest data:

FRONT MONTH OF NOV /2024 OI: 41 OPEN INTEREST FOR A LOSS OF 98 CONTRACTS

WE HAD 98 NOTICES FILED ON MONDAY SO WE GAINED 0 CONTRACTS OR NIL OZ UNDERWENT A QUEUE JUMP

DECEMBER SAW A LOSS OF 2294 CONTRACTS DOWN TO 114,921 CONTRACTS

JANUARY SAW A GAIN OF 32 CONTRACTS UP TO 953

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 0 for 0.0 MILLION oz

CONFIRMED volume; ON MONDAY 59,376 fair

To calculate the number of silver ounces that will stand for delivery in NOV we take the total number of notices filed for the month so far at 649x 5,000 oz = 3.245 MILLION oz 

to which we add the difference between the open interest for the front month of NOV (41) and the number of notices served upon today (0)x (5000 oz)

Thus the  standings for silver for the NOV 2024 contract month:  649 Notices served so far) x 5000 oz + OI for the front month of NOV(41) number of notices served upon today minus (0)x 5000 oz of silver standing for the NOV contract month equates to 3.450 MILLION OZ. 

 New total standing: 3.450 million oz.

There are 70.077 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

NOV 5 WITH GOLD UP $4.05 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:.// . // .///INVENTORY RESTS AT 888.63 TONNES

NOV 4 WITH GOLD DOWN $2.45 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.16 TONNES OF GOLD OUT OF THE GLD.// . // .///INVENTORY RESTS AT 888.63 TONNES

NOV 1 WITH GOLD UP 0.15 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 0.86 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 891 TONNES

OCT 31 WITH GOLD DOWN $49.55 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 892.65 TONNES

OCT 30 WITH GOLD UP $20.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.72 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 889,78 TONNES

OCT 29 WITH GOLD UP $25.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 891.50 TONNES

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: 888.63 TONNES, TONIGHTS TOTAL

SILVER

NOV 5 WITH SILVER UP 0.18 :SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.109 MILLION OZ FROM THE SLV/.//// //INVENTORY AT SLV RESTS AT 479,533 MILLION OZ

NOV 4  WITH SILVER DOWN $0.08 :SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 547,000 OZ.//// //INVENTORY AT SLV RESTS AT 480.642 MILLION OZ

NOV 1  WITH SILVER DOWN $0.10 : NO CHANGES IN SILVER INVENTORY AT THE SLV:.//// //INVENTORY AT SLV RESTS AT 481.189 MILLION OZ

OCT 31  WITH SILVER DOWN $1.26 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.647 MILLION OZ OF SILVER INTO THE SLV//.//// //INVENTORY AT SLV RESTS AT 481.189 MILLION OZ

OCT 30  WITH SILVER DOWN 38 CENTS : NO CHANGES IN SILVER INVENTORY AT THE SLV.//// //INVENTORY AT SLV RESTS AT 477.542 MILLION OZ

OCT 29  WITH SILVER UP 49 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 0.628 MILLION OZ OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 477.542 MILLION OZ

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 479.533 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

Schiff: Fed Policy Is Backfiring

Tuesday, Nov 05, 2024 – 09:05 AM

Via SchiffGold.com,

Earlier this week, Peter joined Mark Mitchell on his podcast for a conversation on economics and monetary policy. They dive into the economic challenges facing the United States, focusing on structural issues like inflation, debt, and currency devaluation. Peter draws attention to the overlooked surge in gold prices, contrasting it with Bitcoin’s media spotlight, and discusses unrealistic promises by politicians on both sides regarding tariffs, tax cuts, and economic growth.

To start, Peter and Mark point out the Fed’s plan to reduce long-term interest rates has backfired, leading said rates to rise even higher:

“I thought that the catalyst for the next move up in long-term rates would be the Fed reducing short-term rates. Part of the reason for this reduction in short-term rates was to try to bring down longer-term rates, particularly mortgage rates, because people are having a hard time paying these inflated home prices with normal mortgage rates. … But it backfired. As we’re talking this morning, the yield on a 10-year treasury is now at 4.3%, which is 60 basis points higher than it was when the Fed cut rates by 50 basis points.”

Even 4.3% isn’t high enough to flush out decades of malinvestment. Just like a fever burns out a virus, the economy needs high interest rates to properly allocate investment:

“Artificially low interest rates are part of the problem underlying the economy, and they are having very negative effects on the allocation of resources– malinvestments. This is doing damage. We’re not saving enough; we’re borrowing and spending too much. Part of the solution to fixing what’s broken in the economy is to let interest rates go up. They actually need to be higher than they are right now. But the problem is, we have so much debt that we can’t afford it.”

Recent jobs numbers are not optimistic, even though most government statistics probably understate the problems facing the economy. Peter explains that he looks at the year-over-year increase to the national debt, a metric he finds more reliable than headline statistics:

“The CPI is a lie. The unemployment rate is a lie. All these government numbers are designed to create a false picture of prosperity that does not exist. They understate inflation, overstate growth, understate unemployment, understate the deficits. You can’t believe the information that comes out of the government.”

The government ignores bad data, and the media ignores gold’s record-setting year, choosing instead to focus on Bitcoin’s mediocre performance:

“They completely ignore it [gold]. Maybe because it’s making a record high almost every day, so there’s nothing new about it. But when gold is doing this, it’s very significant. It’s sending a clear signal that the Fed is making a mistake, that the rate cuts are a mistake, that inflation is going to be a lot higher. … I’ll be watching financial news as gold hits a new high, and not only will they not discuss gold’s significant new high, they’ll go on and on about Bitcoin making a one-month high.”

Peter hopes Donald Trump wins the rapidly approaching election, but urges realistic expectations about his policies, especially because of the incentives politicians face on the campaign trail:

“That’s what he’s promising. ‘Just elect me, and everything’s going to be great. Immediately, we’re all going to be so rich; it’s going to be crazy. And I’m going to collect trillions from the Chinese, and, you know, it’s all going to be great.’ But it’s not all going to be great—that’s the problem. And that’s going to be a problem for the administration because they set the bar so high, the expectations are so high. You kind of want to under-promise and over-deliver, but it’s hard to do that when you’re running for office.”

How would we really make America great again? Start by slashing wasteful spending, then abolish the income tax:

“We can’t go back to the system we had before the income tax unless we dismantle all the programs that we now have because of the income tax, which I’m all for. Get rid of Social Security, get rid of Medicare, get rid of Obamacare, shrink the government back down to its pre-1913 size. And that would really make America great again!”

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

Gold Is On The Ballot

Tuesday, Nov 05, 2024 – 05:00 AM

Authored by James Rickards via DailyReckoning.com,

A reader recently asked me which presidential candidate would be more bullish for gold.

That one’s easy. Kamala Harris.

A President Harris administration would preserve and strengthen the status quo. To start with, we’d see a continued bonanza of bad regulation, spending and taxes. Add in poor capital allocation and misaligned incentives, and we have a recipe for stagflation and reckless monetary policy.

But an often-ignored catalyst for gold is U.S. foreign policy.

Under President Biden and VP Harris, world stability has deteriorated. Nations are lining up in two distinct blocs, not dissimilar to the buildup before World War II. Military tension hasn’t been this high in many decades.

Biden and Harris have also greatly accelerated the weaponization of the dollar. Sanctions and financial warfare have become the de facto levers applied to protect U.S. national interests (real and perceived).

The ongoing shift away from dollar assets is directly tied to the Biden administration’s seizure of Russian assets following Putin’s invasion of Ukraine in 2022.

Every leader around the world is left pondering how safe their own assets are from the long arm of Uncle Sam. If Russian central bank funds can be frozen, and even stolen, theirs can be too.

Russia is taking full advantage of the situation. They’re leading the BRICS’ efforts to de-dollarize international trade, and progress is being made. We’ve backed the country into a corner and given them no other choice. And sanctions have not hurt the Russian economy as badly as the West had hoped.

This weaponization of the dollar is directly fueling the bull market in gold.

Central banks are increasingly moving their reserves away from U.S. government securities and into gold. This short-sighted foreign policy is imminently hazardous to the dollar’s status as a reserve currency.

Meanwhile, Donald Trump has stated that he will minimize the use of sanctions and end the weaponization of the dollar.

In a recent discussion at the Economic Club in New York, Mr. Trump noted that during his presidency, he only used sanctions in a limited fashion because abusing them “kills your dollar and everything it represents”.

Former President Trump went on to say that the dollar losing its place as world reserve currency “would be the equivalent of losing a war,” and could “make us a third-world country”. He understands what is at risk today.

President Biden and VP Harris have shown zero awareness of this problem. They’re playing a dangerous game and appear to be unaware of the consequences of their actions. The nation is stumbling towards disaster.

President Trump is the only candidate who can at least slow the dollar’s erosion and minimize the financial impact on Americans.

The trend of de-dollarization isn’t going away, but decisions made by the US president over the next 4 years will largely determine the fate of the dollar. We’ve reached a critical financial crossroads.

Outlook for Gold is Bullish Regardless

Even if a Harris administration would be better for gold in the short-term, gold will continue to do well no matter who wins the election.

Debts and deficits around the world have simply grown too large. A hard landing is inevitable, but effective management of the crisis will be key to preserving Americans’ quality of life.

A wise president would slow the trend of de-dollarization with common sense policies. They would stop using the dollar as a crude tool to achieve foreign policy objectives. They would cool global military tensions and ease back from our dangerous trajectory. Right now, the Biden/Harris team continues to climb the escalatory ladder with no end in sight. Nuclear war, anyone?

This would at least reduce the urgency of the global flight out of the dollar.

Under President Harris, however, the situation could easily spin out of control. Yes, gold would likely soar.

A bull market driven by conflict, out-of-control inflation, and rapid de-dollarization.

Trust me, that’s not the type of bull market we want to see.

The negatives in such a scenario far outweigh the benefit of gold ascending more quickly. A forecast of stagflation with a high chance of a dollar crash would be nothing to look forward to.

So, to answer the reader’s original question, Kamala Harris would almost certainly be more bullish for gold. But it would be bearish for the United States in every other way imaginable. A poor trade-off.

Remember, the purpose of gold is not to make us rich. It is to preserve our wealth during times of chaos. And gold will continue to play that role no matter who wins the election.

end

Ronan Manly: The strange case of European gold reserves purportedly vaulted in Canada

Submitted by admin on Mon, 2024-11-04 22:59 Section: Daily Dispatches

11p ET Monday, November 4, 2024

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today tells the strange story of gold reserves from the Netherlands, Switzerland, Sweden, and Belgium that purportedly long have been vaulted at the Bank of Canada in Ottawa.

It’s strange because World War II is over, Ottawa is not a gold trading center, the Bank of Canada itself no longer has any gold reserves, and the bank’s headquarters was gutted and renovated a decade ago and everything in it was reportedly moved out. 

So where is that Dutch, Swiss, Swedish, and Belgian gold?

Has it been repatriated? Has it beenmoved a couple of miles away to the Royal Canadian Mint for storage, or maybe lending? Has it been hypothecated in the great game of musical chairs that Western governments often seem to be playing with their gold reserves?

As is typical of central bank transparency, answers are not forthcoming

Manly’s commentary is headlined “Gold Gone AWOL? The Curious Case of Foreign Central Banks’ Gold Stored in Canada” and it’s posted at Manly’s new page at Medium here:

https://bullionbrief.medium.com/gold-gone-awol-the-curious-case-of-foreign-central-banks-gold-stored-in-canada-db2efa0c6e5c

You’ll have to create a Medium account to read it, but it’s free and painless.

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

end

Robert Lambourne: ETF gold and BIS swaps may be linked to double counting

Submitted by admin on Tue, 2024-11-05 11:27 Section: Daily Dispatches

By Robert Lambourne
Tuesday, November 5, 2024

Here are a few observations about GATA Secretary/Treasurer Chris Powell’s exchange with Thom Calandra of The Calandra Report regarding Cyrille Jubert’s essay at GoldBroker, which cited the misuse of unallocated gold accounts.

First, gold sight accounts — unallocated gold accounts — have a long history and pre-date the creation of the Bank for International Settlements. They were originally used to avoid the costs and difficulties of moving physical gold when gold was used to finance trade. So they were not created to facilitate double counting, but I’m sure that gold industry veteran Peter Hambro is right that the BIS recommended their use for gold trading and, as GATA has pointed out for years, they facilitated double counting of gold holdings.

Many years ago I researched the use of sight and earmarked gold accounts by the BIS and there is something on this on the GATA daily dispatch archive. The BIS report on Nazi German gold was a useful source document.

Secondly, as we have discussed regularly, exchange-traded fund gold supposedly held by gold bullion banks is highly likely to be the source of the gold swapped via the BIS and to be deposited in a BIS designated gold sight account at the Federal Reserve. We have also noted that these swaps are plausibly linked to the double counting of gold supposedly held by ETFs and might be a way in accounting terms to return to the Fed gold that has been double-counted. The BIS gold swaps peaked at more than 500 tonnes, so perhaps that is an indication of the scale of double counting. 

I find it suspicious that the reported swaps volumes fell when JPMorganChase took on a greater custodial role of ETF gold.

Thirdly, I believe that a gold price reset will involve the U.S. government forcing the ETFs to sell their gold to the government. One reason I believe this is that it will enable the historical double counting of gold to be hidden. I assume that any admission by a future administration that there was incorrect reporting of gold holdings would likely lead to troublesome legal claims. This is perhaps why the United States might prefer to co-operate with China on a revaluation of gold.

Such a revaluation will present unpleasant consequences for Americans, so from a timing viewpoint doing it early in the next federal government administration would make sense.

Hence I believe that there are good reasons to believe that a revaluation could happen soon.

—–

Robert Lambourne is a retired business executive in the United Kingdom who consults for GATA about the involvement of the Bank for International Settlements in the gold market and U.S. government debt.

* * *

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 197 ANDREW MAGUIRE

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

.

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING TUESDAY MORNING/MONDAY  NIGHT

SHANGHAI CLOSED UP 76.78 PTS OR 2.32%

//Hang Seng CLOSED UP 439.45 PTS OR 2.14%

// Nikkei CLOSED//Australia’s all ordinaries CLOSED DOWN 0.42%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1027 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1051// Oil UP TO 71.85 dollars per barrel for WTI and BRENT UP AT 75.48 Stocks in Europe OPENED MOSTLY ALL MIXED

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

ONSHORE YUAN:   CLOSED DOWN AT 7.1027

OFFSHORE YUAN: DOWN TO 7.1051

SHANGHAI CLOSED CLOSED UP 76.78 PTS OR 2.32%

HANG SENG CLOSED CLOSED UP 439.56 PTS OR 2.14%

2. Nikkei closed UP 421.23 PTS OR 1.11%

3. Europe stocks   SO FAR: MOSTLY ALL MIXED

USA dollar INDEX DOWN TO  103.65 EURO RISES TO 1.0895 UP 22 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +0.926 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 UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.4290 Italian 10 Yr bond yield UP to 3.701 //SPAIN 10 YR BOND YIELD UP TO 3.143

3i Greek 10 year bond yield UP TO 3.320

3j Gold at $2739.00 /Silver at: 32.60  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 1 AND 14/100  roubles/dollar; ROUBLE AT 97.85

3m oil into the 71 dollar handle for WTI and  75 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 152.18  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.926% 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 0.8622 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9395  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: 4.323 UP 1 BASIS PTS…

USA 30 YR BOND YIELD: 4.498 UP 1 BASIS PTS/

USA 2 YR BOND YIELD:  4.187 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.35…

10 YR UK BOND YIELD: 4.5465 UP 9 PTS

10 YR CANADA BOND YIELD: 3.294 UP 6 BASIS PTS

5 YR CANADA BOND YIELD: 3.093 UP 5 PTS.

2a New York OPENING REPORT

Futures, Global Markets Tread Water As America Votes

Tuesday, Nov 05, 2024 – 08:13 AM

Futures are higher led by tech as voting gets underway in a very tight presidential race between Donald Trump and Kamala Harris (full election day guide here). As of 8:00am S&P futures are up 0.1%, off session highs; Nasdaq futures are 0.3% higher with Mag7 names mostly higher as Semis also have a bid. DJT is +6% pre-mkt; BA is +2% after the company secured a labor deal ending an 8 week strike. Palantir surged 13% on record profit and high demand for its artificial intelligence software. The dollar was steady, while 10-year Treasury yields advanced four basis points to 4.32%. The commodity complex is stronger today led by Energy and Base Metals; brent trades aroun $75.50. The macro data focus is on ISM Services and the Election, although we may have to wait for the results: in 2016, Trump was declared winner early Weds but in 2020, Biden was declared winner on Sat.

In premarket trading, Boeing shares rose 1.9% after workers voted to accept a new labor contract and end a strike that’s crippled jetliner production for 53 days, clearing a major obstacle for the US planemaker to restore its operations and finances. Celanese shares plunged 16% after the chemical manufacturer’s fourth-quarter profit guidance disappoints following “severely constrained demand” in the third-quarter. Here are some other notable premarket movers:

• Archer-Daniels-Midland (ADM US) shares drop 6.0% after the agricultural trading giant reported preliminary adjusted earnings per share for the third quarter that missed the average analyst estimate.
• Astera Labs (ALAB US) shares surge 24% after the company reported adjusted earnings per share for the third quarter that beat the average analyst estimate.
• Hims & Hers (HIMS US) shares jump 8.2% after the telehealth platform reported third-quarter revenue that came ahead of estimates. Additionally, the company also increased its full-year adjusted Ebitda forecast.
• Lattice Semi (LSCC US) shares tumble 18% after the chipmaker’s forecast for the fourth quarter came in below the average analyst estimate. Analysts note weakness in the industrial and auto end markets.
• Marqeta (MQ US) shares plunge 41% after the payments platform and card provider’s fourth-quarter net revenue growth forecast disappointed analysts and threw into doubt its prospects for next year.
• NXP Semi (NXPI US) shares fall 5.6% after the semiconductor device company’s fourth quarter revenue forecast missed the average analyst estimate. Analysts note end-demand weakness for its industrial/Internet of Things (IoT) products.
• Palantir (PLTR US) shares rise 13% after the data-analysis software company reported third-quarter results that beat expectations and raised its full-year forecast. Analysts note strong demand for AI applications from enterprise clients.
• QuinStreet (QNST US) shares rise 34% after the company reported first quarter revenue that beat the average analyst estimate. It also boosted its revenue guidance for the full year.
• Vimeo (VMEO US) shares soar 16% after the video-software company’s fourth-quarter revenue forecast came ahead of analyst expectations. Meanwhile, the company reported third-quarter earnings per share that also beat consensus.
• Wynn Resorts (WYNN US) shares slump 4.5% after the casino operator reported adjusted earnings per share for the third quarter that missed the average analyst estimate.

Traders are taking a cautious approach after one of the most tumultuous and dramatic presidential campaigns in modern history. With polls suggesting a photo-finish result, the likelihood of a disputed result means that the vote count could eventually drag on for days or even weeks.

“What you can see across markets now is that no one is ready to take clear investment positions on the election,” said Alexandre Hezez, chief investment officer at Groupe Banque Richelieu in Paris. “The uncertainty is palpable across all asset classes. There’s such a massive gap between the program of the two candidates that caution is of the essence.”

Options data suggests stock traders are pricing in a 1.8% move in either direction for the S&P 500 on Wednesday, according to Citi. The swings will likely be most obvious in individual stocks and sectors, as has been the case so far this election season. “A tough count will increase uncertainty on the markets, a scenario that produces not many winners,” said Guillermo Hernandez Sampere, head of trading at asset manager MPPM.

Some hedge funds are favoring currency options that will gain from a weaker dollar should Harris win the presidency. Close polling in especially Iowa jolted leveraged funds to re-evaluate who will emerge victorious, with some unwinding bullish greenback bets on Monday.

There are additional catalysts likely to move the market this week. Election Day will quickly be followed by Thursday’s Federal Reserve’s decision and Jerome Powell’s press conference, where he’ll give details on the central bank’s interest-rate path. A big chunk of US firms are due to report earnings.

In Europe, the benchmark Stoxx 600 was little changed, with volumes tracking about two-thirds of the 20-day average. Miners and utilities the leading outperformers, while consumer products and chemicals stocks are the biggest laggards. Here are the biggest movers Tuesday:

• Associated British Foods shares gain as much as 6.2% after the company beat earnings estimates following a better-than-expected performance from Primark and announcement of a share buyback
• Syensqo shares rise as much as 9% after the Belgian maker of chemicals and aircraft materials, reported better-than-expected third-quarter results and narrowed its guidance range for full-year earnings
• Carrefour shares in Europe jump as much as 4.3%, the most since February, as they followed the rise in the company’s ADRs overnight after they closed 7.6% higher in New York
• UK water stocks, Pennon, Severn Trent and United Utilities gain on Tuesday, with Citi and JPMorgan seeing a positive set-up for the sector ahead of regulator Ofwat’s Final Determination proposals expected next month
• Vestas Wind Systems shares drop as much as 12% to hit their lowest level in over four years after warning its adjusted Ebit margin will be at the low end of its guidance range and third-quarter earnings missed expectations
• Deutsche Post shares fall as much as 3.8%, the most since an Oct. 30 profit warning, after the German firm posted results that Citi said were in line with that release
• Schroders shares plummet at much as 14% to their lowest in over four years. The asset manager flagged key headwinds that will weigh on results in the final quarter, which analysts at Panmure Liberum expect to be negative for consensus estimates
• Coloplast shares drop as much as 4.4% after the medical products maker posted adjusted Ebit and margin for the fourth quarter that was weaker than what analysts had expected
• Ambu A/S shares sink as much as 15% after the Danish medical equipment company reported earnings that missed analyst expectations and wrote down its gastroenterology endoscopy business
• Aramco shares decline by as much as 0.7%, most since Oct. 15, after Saudi oil giant posted lower 3Q net income that also missed estimates. The company maintained its quarterly dividend at $31 billion, cushioning investors against crude volatility
• Ryanair shares fall as much as 2.8% after a downgrade at Peel Hunt. Analysts see a “tricky” fourth quarter and a difficult year-on-year comparable for Europe’s largest low-cost carrier, and little upside from the broker’s current target price
• Hugo Boss shares give up earlier gains to trade as much as 6.5% lower, as analysts debate the German high-end apparel maker’s results
• Zalando shares decline as much as 4.2% after the online clothing retailer reported third-quarter results, snapping two sessions of gains

Earlier in the session, Asian stocks climbed, buoyed by a jump in Chinese equities amid expectations for more stimulus and encouraging economic data. The MSCI Asia Pacific Index gained as much as 0.5%, with TSMC, Sony Group and Toyota Motor among the biggest contributors to the advance. Chinese gauges were the best performers in the region, with the onshore benchmark CSI 300 Index up as much as 2%, on track to cap its best day in more than two weeks. Sentiment in China was helped by a proposal to lift local governments’ debt ceiling to swap out their hidden debt. Signs that consumer demand may be on the mend also boosted the mood after a private survey showed China’s service activity expanded at the fastest pace since July. The rally is “more driven by the PMI,” though the debt proposal is good news and will boost the expectation of other measures, said Kenny Wen, head of investment strategy at KGI Asia Ltd. Stocks rebounded in Japan as markets reopened after a holiday. Investors are also on guard as the first day of extended trading hours at the Tokyo Stock Exchange has the potential to cause volatility toward the close.

Overnight, the RBA kept the Cash Rate unchanged at 4.35%, as expected, while it stated the board will continue to rely upon the data and evolving assessment of risks, as well as noted that inflation remains too high and is not expected to return sustainably to the midpoint of the target until 2026. RBA said policy will need to be sufficiently restrictive until the board is confident that inflation is moving sustainably towards the target range and the board is not ruling anything in or out. Furthermore, the SoMP stated that core inflation remains elevated with service inflation expected to decline only gradually and that policy in Australia is not as restrictive as in most peer countries, even after recent rate cuts abroad, while RBA lowered its GDP, household consumption, trimmed CPI and core inflation forecasts.

In FX, the Bloomberg Dollar Spot Index falls 0.1% even as 10Y US Treasury yield rose 4 basis points to 4.33%. “The unwinding of the Trump trade can only go so far given how close the race is,” Maybank analyst Saktiandi Supaat writes in a note. “The DXY index has found support around 103.60 while topside is seen at around 104.60. We see consolidation within this range until a winner is called” USD/JPY was up as much as 0.3% to 152.54 earlier after Democratic Party for the People leader Yuichiro Tamaki said Bank of Japan monetary policy should stay on hold a while longer. Chinese stocks rise after higher-than-expected PMI data in the world’s second largest economy, also promoting a move higher in the Aussie dollar, which outperformed G-10 currencies.

In rates, treasuries are weaker amid bigger declines for European bonds after UK 10-year bond sale drew weakest demand in almost a year, a sign of lingering investor anxiety over last week’s fiscally expansive budget.  US yields are 3bps cheaper across a slightly steeper curve; 10-year around 4.33% is ~4bps higher with bunds and gilts underperforming by 1.5bp and 1bp in the sector. The Treasury’s $42 billion 10-year refunding auction follows soft demand for Monday’s 3-year note sale. US 10-year WI yield is around 4.31% ahead of the auction at 1pm New York time, about 24bp cheaper than last October’s, which tailed by 0.4bp

In commodities, oil prices advancd, with WTI rising 0.4% to $71.70 a barrel. Spot gold is steady around $2,738/oz.

To the day ahead now, and of course the main highlight will be the US election. On the data side, US releases include the ISM services for October and the trade balance for September. In Europe, there’s French industrial production for September and the final UK services and composite PMIs for October. From central banks, we’ll hear from the ECB’s Vujcic and Schnabel.

Market Snapshot

• S&P 500 futures up 0.2% to 5,754.25
• STOXX Europe 600 up 0.3% to 510.56
• MXAP up 0.8% to 187.83
• MXAPJ up 0.9% to 601.25
• Nikkei up 1.1% to 38,474.90
• Topix up 0.8% to 2,664.26
• Hang Seng Index up 2.1% to 21,006.97
• Shanghai Composite up 2.3% to 3,386.99
• Sensex up 0.9% to 79,495.14
• Australia S&P/ASX 200 down 0.4% to 8,131.83
• Kospi down 0.5% to 2,576.88
• German 10Y yield up 1.5 bps at 2.41%
• Euro up 0.1% to $1.0894
• Brent Futures up 0.7% to $75.57/bbl
• Gold spot up 0.2% to $2,742.29
• US Dollar Index down 0.13% to 103.75

Top Overnight News

• China’s Caixin services PMI for Oct comes in solidly ahead of expectations at 52 (up from 50.3 in Sept and above the consensus forecast of 50.5), the latest sign of improving economic conditions in the country. BBG
• Chinese Premier Li Qiang expressed confidence that his government can pull off an economic recovery. “The Chinese government has the ability to drive sustained economic improvement,” Li said in a speech Tuesday at the opening of the China International Import Expo in Shanghai. He added that officials had “ample space for fiscal policy and monetary policy,” and reiterated that China would hit its economic growth target of around 5%. BBG
• The Bank of Japan is likely to raise interest rates in coming months with January emerging as the most likely timing, when there will be more clarity on political and market developments, former BOJ board member Makoto Sakurai said on Tuesday. Reuters
• Watch out for an especially volatile Japanese currency while votes are being counted during Asian trading hours. One-week implied volatility in the dollar-yen has jumped to the highest level since early August. BBG
• Ukraine said it has attacked North Korean troops in Kursk while Russia is being accused of plotting to detonate bombs on cargo planes according to the WSJ. WSJ
• BAC (Bank America)’s CEO expects the US economy to maintain stable growth of ~2% next year as both consumers and businesses are in good shape, but he called on Washington to take additional steps to address elevated levels of gov’t debt (Nikkei)
• After a bruising campaign, polls showed Donald Trump and Kamala Harris deadlocked both nationally and across swing states. Early results are due shortly after 6 p.m. ET, though the final outcome may not be known for days. In Dixville Notch, New Hampshire, midnight voting ended in a tie at three votes apiece. BBG
• Boeing workers voted to accept a new labor contract and end a strike that crippled production for 53 days. Hourly workers can start returning to factories as soon as tomorrow. The shares rose premarket. BBG
• Apple is studying smart glasses currently available as it considers entering the market, people familiar said. Separately, the company is said to have proposed investing almost $10 million in Indonesia in a bid to have the ban on iPhone 16 sales there lifted. BBG
• Looking at the 2008-2020 election cycles, volumes historically dip the day before the election and on election day as investors await the election outcome. We are already seeing this, S&P Futures top of book liquidity has dropped by ~50% since mid-October: Goldman

A more detailed look at global markets courtesy of Newsquawk

APAC stocks were ultimately mixed with most major indices in the green after further encouraging Chinese PMI data although some of the gains were capped as cautiousness lingered heading into the US Presidential Election coin toss. ASX 200 was dragged lower amid weakness across all sectors and underperformance in the top-weighted financial industry, while the RBA decision provided little surprise and the SoMP included a reduction in GDP and household consumption forecasts. Nikkei 225 rallied on return from the long weekend with some encouragement from earnings and strength in exporters. Hang Seng and Shanghai Comp benefitted following the better-than-expected Chinese Caixin Services PMI data, while Premier Li suggested a favourable outlook and optimism regarding economic prospects during his keynote speech at the CIIE.

Top Asian news

• Chinese Premier Li said unilateralism is on the rise and globalisation is impacted by volatility which they must guard against with further opening up, while he added China will upgrade free trade zones and explore free trade and investment agreements with other countries. Li said China will continue to open telecommunications, internet, healthcare, and other sectors for investment, as well as noted that many positive developments in China’s economy indicate a favourable outlook. Furthermore, he said China has fiscal and monetary tools at its disposal and he is confident of meeting this year’s growth target and optimistic about economic prospects in the coming years.
• Former BoJ member Sakurai says the BoJ could hold until January given political and market uncertainty. A renewed JPY fall could spark a hike as soon as December 2024. BoJ will raise rates again in the coming months, with January emerging as the most likely. BoJ will aim to raise short-term rates to 1.5% or 2.0% by the end of Ueda’s term, early in 2028. Debt issuance could prevent a QT acceleration.
• Foxconn (2317 TW) October Revenue +8.59% Y/Y (September +10.9% Y/Y). Looking to Q4, operations are anticipated to show quarterly and yearly growth.

European bourses, Stoxx 600 (+0.2%) opened on a weaker footing, but sentiment did begin to improve into the European morning to display a more mixed picture across Europe. European sectors began the European session on a mixed footing, and with the breadth of the market fairly narrow; sentiment has since improved with sectors now holding a positive bias. Basic Resources leads whilst Energy lags. US Equity Futures (ES +0.1%, NQ +0.2%, RTY U/C) are mixed, with very modest outperformance in the NQ, attempting to pare back some of the losses seen in the prior session. Focus almost entirely on the US election.

Top European news

• Barclaycard stated UK October consumer spending rose 0.7% Y/Y vs Prev. 1.2% Y/Y increase in September.
• UK OBR Chair says gilt market response to the budget was in part due to higher volumes, and also front-loading of spending; OBR had expected the gilt market to be surprised by the market; gilt yields have settled broadly in line with OBR expectations.

FX

• USD is softer vs. peers on election day with price action for DXY dictated at the start of the week by a lowering in the odds of a Trump victory and a scaling back in “Trump trades”. In terms of the order of play for the election, results won’t start filtering out until the early hours of Wednesday (UK time) with the eventual outcome of the election potentially set to drag on for several days depending on how close the race is. DXY is currently sandwiched between Monday’s low at 103.57 and the 200DMA at 103.83.
• EUR is a touch firmer vs. the USD but unable to make its way back onto a 1.09 handle after venturing as high as 1.0914 on Monday.
• GBP gains vs. the USD but with Cable still unable to make its way back onto a 1.30 handle after topping out yesterday at 1.2998.
• JPY is steady vs. the USD with macro drivers for the JPY on the quiet side. Direction for the pair this week will most likely be driven by the USD leg of the equation given events in the US with a Harris victory likely to be viewed as a negative for USD/JPY. USD/JPY is currently contained within a 152.10-55 range.
• Antipodeans both remain underpinned by the slight decline in odds of a Trump Presidency and the potential ramifications for the Chinese economy. On which, China reported encouraging Services PMI data overnight. Furthermore, AUD has also digested the RBA rate decision overnight, which further underscored its position as one of the more hawkish players in G10 FX.
• PBoC set USD/CNY mid-point at 7.1016 vs exp. 7.1019 (prev. 7.1203).

RBA

• RBA kept the Cash Rate unchanged at 4.35%, as expected, while it stated the board will continue to rely upon the data and evolving assessment of risks, as well as noted that inflation remains too high and is not expected to return sustainably to the midpoint of the target until 2026. RBA said policy will need to be sufficiently restrictive until the board is confident that inflation is moving sustainably towards the target range and the board is not ruling anything in or out. Furthermore, the SoMP stated that core inflation remains elevated with service inflation expected to decline only gradually and that policy in Australia is not as restrictive as in most peer countries, even after recent rate cuts abroad, while RBA lowered its GDP, household consumption, trimmed CPI and core inflation forecasts.
• RBA Governor Bullock said in the post-meeting press conference that the last part of bringing inflation down is not easy and rates need to stay restrictive for the time being, while she thinks there are still risks on the upside for inflation and will be ready to act if the economy turns down more than expected but also noted they have the right settings at the moment. Bullock said there were no discussions on specific scenarios for rate changes and the current Cash Rate path priced by the market is as good as any.
• RBNZ Financial Stability Review said financial systems remain resilient amidst economic downturn and that risks to New Zealand’s financial system remain contained, while debt servicing costs are nearing their peak and starting to decline with advertised mortgage rates falling over the last 6 months. RBNZ noted that domestic economic challenges remain and many households and businesses are feeling financial pressure with rising unemployment posing challenges for some borrowers. RBNZ Governor Orr later commented that the real economy is lagging a reduction in interest rates which is a concern and climate change is an existential threat.

Fixed Income

• USTs are essentially unchanged on US election day, yields are under very modest pressure and still within a few bps of the lows from Monday when the Trump Trade was unwinding after weekend updates. Aside from the election, ISM Services is scheduled and a 10yr Note auction is due. Holding at the 110-12 mark in a slim eight tick range which is entirely within Monday’s 110-07 to 110-21+ band.
• Bunds are pressured and slumped at the European cash open though this seems coincidental with the cause of pressure seemingly a breach of support at 131.50 after a handful of overnight lows gave way. After slipping to a 131.33 trough the move ran out of steam and Bunds have since bounced back to 131.50, but remain lower on the session.
• Gilts are underperforming, gapped lower by 26 ticks and continued to slip ahead of the region’s auction. Today’s 2034 tap was fairly robust, but demand was the weakest since Dec’23, taking Gilts back towards the earlier 93.53 trough. Traders now look towards the BoE on Thursday.
• UK sells GBP 3.75bln 4.25% 2034 Gilt Auction: b/c 2.81x (prev. 3.25x), avg yield 4.475% (prev. 4.17%) & tail 0.8bps (prev. 0.9bps)

Commodities

• Mild upward bias across the crude complex as prices hold onto yesterday’s gain which was facilitated by the delay of the OPEC+ output increase. Constructive Chinese Services PMIs and reports that Israel is considering a pre-emptive strike on Iran has helped to prop up the complex. Brent Jan sits in a USD 74.80-75.60/bbl parameter.
• Precious metals are holding an upward bias amid the softer Dollar on the eve of the US Presidential Election coin toss. Spot gold trades in a USD 2,724.76-2,745.06/oz range.
• Base metals are firmer across the board, following the better-than-expected Chinese Caixin Services PMI data, while Premier Li suggested a favourable outlook and optimism regarding economic prospects during his keynote speech at the CIIE. 3M LME copper sits in a 9,666.50-9,760.50/t range.
• Iran approved a plan to increase oil production by 250k BPD, according to the Iranian Oil Ministry website.
• Citi expects copper to rally temporarily to USD 10k/ton over the coming week on the back of China easing, Fed easing and US election outcomes.

Geopolitics: Middle East

• Israel’s Channel 14 reports that “Authorities are considering the possibility of a pre-emptive attack against Iran or waiting for US elections”, via Sky News Arabia; “Indications are growing that Iran may soon attack Israel, perhaps on US election day”.
• Israel’s Channel 12 reports that Iran is likely to attack from several arenas, not just from its territory, via Al Jazeera.
• “Tel Aviv is considering a pre-emptive strike on Iran if there are signs of imminent attack”, according to Cairo News.
• “Prime Minister Benjamin Netanyhu will convene his national security cabinet on Thursday at 7:00 p.m. (17:00GMT) at the Kirya IDF headquarters in Tel Aviv”, according to Times of Israel Berman.
• “The IDF is gradually completing the objectives set for it in ground operations in Lebanon, and Israel is already preparing for the day after the arrangement”, according to N12.
• “Iranian Foreign Minister: We will respond to Israeli attacks in a timely and appropriate manner”, according to Cairo News
• Iranian Foreign Minister said their response to Israel will be appropriate without emotional decisions and that the result of the US elections will not affect their policy, according to Asharq News.
• Hezbollah said it targeted with a rocket barrage a gathering of Israeli enemy forces on the southwestern outskirts of the town of Maroun al-Ras, according to Al Jazeera.
• US Secretary of State Blinken and Israeli Defence Minister Gallant discussed the dire humanitarian conditions in Gaza, while Blinken urged further actions by Israel to increase and sustain humanitarian aid, according to the State Department
• US Secretary of State Blinken said Hamas once again refused to release a limited number of hostages to secure a ceasefire and relief for the people of Gaza, according to Sky News Arabia. It was also reported that Blinken discussed with his Egyptian counterpart the importance of establishing a post-war path that provides governance, security, and reconstruction in Gaza, as well as discussed efforts to promote a diplomatic solution in Lebanon that would enable civilians on both sides of the border to return home.

Geopolitics: Other

• North Korea fired what was thought to be a ballistic missile which appeared to have landed outside of Japan’s EEZ, while Japanese Defence Minister Nakatani said North Korea fired at least 7 missiles which flew to an altitude of 100km and covered a range of 400km.
• Russia’s Defence Ministry says Ukraine has no technical potential to make nuclear weapons but is able to make a ‘dirty bomb’, according to IFAX.

US Event Calendar

• 08:30: Sept. Trade Balance, est. -$84b, prior -$70.4b
• 09:45: Oct. S&P Global US Services PMI, est. 55.3, prior 55.3
• 09:45: Oct. S&P Global US Composite PMI, est. 54.3, prior 54.3
• 10:00: Oct. ISM Services Index, est. 53.8, prior 54.9

DB’s Jim Reid concludes the overnight wrap

To encourage readers to stay until the end of today’s EMR I will unveil my prediction for what might happen in today’s US election below the day ahead para. No early scrolling please.

As we reach one of the more important and consequential days we will have in our careers, according to the very latest polls it’s a statistical toss-up with 0.1pp separating the two candidates in the popular vote according to RealClearPolitics averages. As I showed in my CoTD yesterday this could easily be the tightest election on record on this measure with the 1880 and 1960 elections the only ones with a less than 0.5pp gap. Trump leads the battleground states by 0.8pp in the RealClearPolitics polling averages but the “best pollster in politics“ according to FiveThirtyEight threw a curveball over the weekend by suggesting that Iowa leans towards Harris by 3pp even though other recent polls in the State have Trump up by around 8pp.

Another thing to consider is that in 2016 and 2020, the polls underestimated Trump, so plenty have argued they might do so again. But then again, the pollsters have made strenuous efforts to correct for that, so lots have argued the reverse might be true this time around, and Trump’s margins were generally overestimated in the Republican primaries earlier this year. Given this, the major forecasting models are completely torn. For instance, FiveThirtyEight gives Trump a 52% chance of winning. That’s largely echoed in prediction and betting markets. Polymarket put Trump’s victory chances at 59% as we hit the last few hours before polls open. This did tick up a bit as yesterday went on, rising from a low of 54% over the weekend. Showing how important the battleground states are though, Polymarket have Harris at 72% to win the popular vote.

For those watching tonight, the excitement will kick off from 7pm ET/midnight London when polls close statewide across six states. Critically, that will include the battleground state of Georgia, which is a state that flipped from Trump to Biden in 2020, and had the closest margin of any state last time at 0.2pts. Then at 7:30pm ET, polls will close in North Carolina, which is another battleground state on the east coast. Bear in mind that both Georgia and North Carolina are basically must-wins for Trump on his path to 270 electoral votes. So if Harris were doing well in both of those, it would be difficult to see a winning path for Trump, unless he also managed to seriously outperform in the Midwest. Remember as well that polling errors are likely to be correlated across the country, so once the first battleground states come in, that should offer us a good clue about where the rest of the night might go.

At 8pm ET, we’ll then get another big round of polls closing, including in Pennsylvania. That’s the most important battleground state in many forecasts, as there’s a decent chance it’s the tipping point state that gives either candidate 270 electoral votes. So if there’s one state you’d want to know the result of, it’s Pennsylvania. Then at 9pm, polls will close in the other Midwestern battlegrounds of Wisconsin and Michigan, as well as Arizona. At this point, if Trump were running strongly in the midwestern trio of Wisconsin, Michigan and Pennsylvania, that would be a very good sign for his campaign, as those are the three states he took in 2016 that pushed him over the winning line.

Depending how close the race is, a winner might be coming into view at some point after this. So in 2012, the Associated Press called the race for Obama at 23:38 ET (04:48 London). In 2016, when things were a bit tighter, AP didn’t call the race until 02:29 ET (07:29 London). And then last time, there were lots of delays with mail-in ballots, and an AP declaration wasn’t made until 11:26 ET on the Saturday. But remember that in every example here, the eventual winner was apparent some time before they cleared the threshold of 270 electoral college votes, so if the major battlegrounds are going the same way, we may well have a good sense before one candidate crosses the winning line.

Whilst the presidential race is in focus, don’t forget that elections to the House of Representatives and the Senate are also happening, which will be crucial for the new President’s ability to enact their agenda. In the Senate, the Republicans are heavily favoured by forecasting models and prediction markets, as only a third of the seats are up for grabs, and most are currently held by the Democrats. So there’s more opportunity for the Republicans to gain seats, and they have plausible pick-up opportunities in West Virginia and Montana. In the current Congress, the Democrats have a 51-49 Senate majority, and the Vice President has the casting vote in the event of a tie, so the Republicans only need to gain one seat if Trump wins, and two if he doesn’t. As it stands, FiveThirtyEight’s forecast gives the Republicans a 92% chance of controlling the Senate.

Over in the House of Representatives it’s a similar toss-up as in the presidential race, with FiveThirtyEight’s model giving the Republicans a 49% chance of victory. In reality, given the correlation of polling errors, it’s likely to go the same way as the presidency. So if a divided government scenario does happen, the most likely permutation would be that the Republicans take control of the Senate, but the Democrats win the Presidency and the House. That would be important as the Senate doesn’t just have a role in passing legislation, but is also the chamber that approves cabinet appointments, Supreme Court justices, and Federal Reserve Governors. In modern times, every President since Bill Clinton has begun their presidency with both chambers of Congress in their party’s control, but there’s no guarantee of that, and last time the Democrats only narrowly ended up with the Senate thanks to the Georgia run-off elections in January.

In terms of the market reaction, there’s been a clear unwinding of the Trump trade over the last 24 hours, which follows a few polls over the weekend that were more favourable to Kamala Harris. In particular, the 10yr Treasury yield fell -9.9bps to 4.29%. They did pull back slightly after trading -12bps lower at one point, but this is still the biggest daily decline since the bad jobs report in early August that kicked off the summer market turmoil. The logic for the Treasury rally is that under a divided government scenario, we’re less likely to see fiscal stimulus, so that’s better news for Treasuries, and with less fiscal stimulus we’re more likely to get rate cuts from the Fed. Clearly the next moves are going to depend on who wins the election and the outcomes in Congress, but for a trip down memory lane, Henry published a note yesterday (link here) running through how markets reacted after each election since 2000.

The unwinding of the Trump trade was reflected among several assets. The dollar index fell by -0.38%, after having fallen as much -0.7% intra-day, whilst the Mexican Peso strengthened +0.93%. And when it came to equities, there were gains among solar energy companies given the perception they’ll do better under a Democratic administration.

Equity moves were more moderate yesterday but showed some investor nervousness ahead of the election. The S&P 500 retreated by -0.28%, with Tesla (-2.47%) leading a -0.92% decline for the Mag-7. Energy stocks were the strongest outperformer in the S&P as oil prices bounced back after OPEC+ pushed back its planned December production increase by one month (Brent +2.71% to $75.08/bbl). Over in Europe it was a similar story of modest losses, with the STOXX 600 down -0.33%. Volatility remained pretty elevated, with the VIX index inching up +0.10pts to 21.98pts.

Here in the UK, it wasn’t noticed much given the US election backdrop, but the spread of 10yr gilt yields over bunds ticked up another +2.5bps yesterday to 207bps. That’s the widest they’ve been since October 2022, back when Liz Truss was still PM, and the 10yr gilt yield (+1.4bps) was also up to a one-year high of 4.46%. Elsewhere in Europe however, yields fell back, with those on 10yr bunds (-1.2bps), OATs (-2.4bps) and BTPs (-1.7bps) all falling.

Asian equity markets are generally on the rise this morning, driven by a series of positive developments from China that have boosted risk sentiment. The CSI (+1.99%), Shanghai Composite (+1.80%), and the Hang Seng (+1.24%) are leading the gains after the fastest expansion in China’s service activity since July. Further support came from the premier’s remarks highlighting the country’s significant policy flexibility. Following a public holiday, Japan’s Nikkei 225 (+1.27%) is also trading notably higher. Elsewhere, the KOSPI (-0.22%) and the S&P/ASX 200 (-0.32%) are seeing minor losses. US equity futures are fairly flat as we hit the big day and 10yr USTs are +1bps higher at 4.30% as we go to print.

Turning our attention back to China, the Caixin/S&P Global services PMI rose to 52 in October, up from 50.3 in September, indicating stronger demand following new stimulus measures from Beijing. However, this contrasts with the official PMI data released last week, which showed a slowdown in non-manufacturing activity in October. Elsewhere, Australia’s Judo Bank services PMI came in at 51.0 in October, higher than last month’s figure of 50.5 as improvements in demand led to new business expanding at the fastest pace in almost two and a half years.

In monetary policy action the Reserve Bank of Australia (RBA) left its key interest rate unchanged at 4.35% for an eighth meeting in a row as it awaits more evidence inflation will soon return to its preferred target range. The press conference has just started as I type this.

To the day ahead now, and of course the main highlight will be the US election. On the data side, US releases include the ISM services for October and the trade balance for September. Meanwhile in Europe, there’s French industrial production for September and the final UK services and composite PMIs for October. From central banks, we’ll hear from the ECB’s Vujcic and Schnabel.

The prediction…….

….. I have absolutely no idea who is going to win. I have high conviction in this view.

2B) European report.

USD is softer & USTs are flat on election day. Crude rises on geopols & constructive Chinese data – Newsquawk US Market Open

Tuesday, Nov 05, 2024 – 05:51 AM

• European bourses are mixed and trading tentatively on either side of the unchanged mark; US futures are incrementally firmer/flat.
• Dollar is slightly softer on US election day, Antipodeans benefit from constructive Chinese PMIs and Aussie was fairly unreactive to an unsurprising hold at the RBA.
• USTs are essentially unchanged, Bunds are pressured alongside Gilts; the latter was weighed on by its 2034 auction.
• Upward bias across industrials amid geopolitics and encouraging Chinese PMI data.
• Looking ahead, US International Trade, Canadian Exports/Imports, US ISM Services, NZ HLFS Jobs, BoC Minutes, BoJ Minutes, US Election, Speakers including ECB President Lagarde & Schnabel, Supply from the US, Earnings from Emerson Electric Co, Super Micro Computer & Global Foundries.

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EUROPEAN TRADE

EQUITIES

• European bourses, Stoxx 600 (+0.2%) opened on a weaker footing, but sentiment did begin to improve into the European morning to display a more mixed picture across Europe.
• European sectors began the European session on a mixed footing, and with the breadth of the market fairly narrow; sentiment has since improved with sectors now holding a positive bias. Basic Resources leads whilst Energy lags.
• US Equity Futures (ES +0.1%, NQ +0.2%, RTY U/C) are mixed, with very modest outperformance in the NQ, attempting to pare back some of the losses seen in the prior session. Focus almost entirely on the US election.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is softer vs. peers on election day with price action for DXY dictated at the start of the week by a lowering in the odds of a Trump victory and a scaling back in “Trump trades”. In terms of the order of play for the election, results won’t start filtering out until the early hours of Wednesday (UK time) with the eventual outcome of the election potentially set to drag on for several days depending on how close the race is. DXY is currently sandwiched between Monday’s low at 103.57 and the 200DMA at 103.83.
• EUR is a touch firmer vs. the USD but unable to make its way back onto a 1.09 handle after venturing as high as 1.0914 on Monday.
• GBP gains vs. the USD but with Cable still unable to make its way back onto a 1.30 handle after topping out yesterday at 1.2998.
• JPY is steady vs. the USD with macro drivers for the JPY on the quiet side. Direction for the pair this week will most likely be driven by the USD leg of the equation given events in the US with a Harris victory likely to be viewed as a negative for USD/JPY. USD/JPY is currently contained within a 152.10-55 range.
• Antipodeans both remain underpinned by the slight decline in odds of a Trump Presidency and the potential ramifications for the Chinese economy. On which, China reported encouraging Services PMI data overnight. Furthermore, AUD has also digested the RBA rate decision overnight, which further underscored its position as one of the more hawkish players in G10 FX.
• PBoC set USD/CNY mid-point at 7.1016 vs exp. 7.1019 (prev. 7.1203).
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• USTs are essentially unchanged on US election day, yields are under very modest pressure and still within a few bps of the lows from Monday when the Trump Trade was unwinding after weekend updates. Aside from the election, ISM Services is scheduled and a 10yr Note auction is due. Holding at the 110-12 mark in a slim eight tick range which is entirely within Monday’s 110-07 to 110-21+ band.
• Bunds are pressured and slumped at the European cash open though this seems coincidental with the cause of pressure seemingly a breach of support at 131.50 after a handful of overnight lows gave way. After slipping to a 131.33 trough the move ran out of steam and Bunds have since bounced back to 131.50, but remain lower on the session.
• Gilts are underperforming, gapped lower by 26 ticks and continued to slip ahead of the region’s auction. Today’s 2034 tap was fairly robust, but demand was the weakest since Dec’23, taking Gilts back towards the earlier 93.53 trough. Traders now look towards the BoE on Thursday.
• UK sells GBP 3.75bln 4.25% 2034 Gilt Auction: b/c 2.81x (prev. 3.25x), avg yield 4.475% (prev. 4.17%) & tail 0.8bps (prev. 0.9bps)
• Click for a detailed summary

COMMODITIES

• Mild upward bias across the crude complex as prices hold onto yesterday’s gain which was facilitated by the delay of the OPEC+ output increase. Constructive Chinese Services PMIs and reports that Israel is considering a pre-emptive strike on Iran has helped to prop up the complex. Brent Jan sits in a USD 74.80-75.60/bbl parameter.
• Precious metals are holding an upward bias amid the softer Dollar on the eve of the US Presidential Election coin toss. Spot gold trades in a USD 2,724.76-2,745.06/oz range.
• Base metals are firmer across the board, following the better-than-expected Chinese Caixin Services PMI data, while Premier Li suggested a favourable outlook and optimism regarding economic prospects during his keynote speech at the CIIE. 3M LME copper sits in a 9,666.50-9,760.50/t range.
• Iran approved a plan to increase oil production by 250k BPD, according to the Iranian Oil Ministry website.
• Citi expects copper to rally temporarily to USD 10k/ton over the coming week on the back of China easing, Fed easing and US election outcomes.
• Click for a detailed summary

RBA

• RBA kept the Cash Rate unchanged at 4.35%, as expected, while it stated the board will continue to rely upon the data and evolving assessment of risks, as well as noted that inflation remains too high and is not expected to return sustainably to the midpoint of the target until 2026. RBA said policy will need to be sufficiently restrictive until the board is confident that inflation is moving sustainably towards the target range and the board is not ruling anything in or out. Furthermore, the SoMP stated that core inflation remains elevated with service inflation expected to decline only gradually and that policy in Australia is not as restrictive as in most peer countries, even after recent rate cuts abroad, while RBA lowered its GDP, household consumption, trimmed CPI and core inflation forecasts.
• RBA Governor Bullock said in the post-meeting press conference that the last part of bringing inflation down is not easy and rates need to stay restrictive for the time being, while she thinks there are still risks on the upside for inflation and will be ready to act if the economy turns down more than expected but also noted they have the right settings at the moment. Bullock said there were no discussions on specific scenarios for rate changes and the current Cash Rate path priced by the market is as good as any.
• RBNZ Financial Stability Review said financial systems remain resilient amidst economic downturn and that risks to New Zealand’s financial system remain contained, while debt servicing costs are nearing their peak and starting to decline with advertised mortgage rates falling over the last 6 months. RBNZ noted that domestic economic challenges remain and many households and businesses are feeling financial pressure with rising unemployment posing challenges for some borrowers. RBNZ Governor Orr later commented that the real economy is lagging a reduction in interest rates which is a concern and climate change is an existential threat.

NOTABLE DATA RECAP

• UK BRC Total Sales YY (Oct) 0.6% (Prev. 2.0%)
• UK S&P Global Service PMI (Oct) 52.0 vs. Exp. 51.8 (Prev. 51.8); S&P Global PMI: Composite Output (Oct) 51.8 vs. Exp. 51.7 (Prev. 51.7)
• Swiss Unemployment Rate Adj (Oct) 2.6% vs. Exp. 2.6% (Prev. 2.6%)
• French Industrial Output MM (Sep) -0.9% vs. Exp. -0.6% (Prev. 1.4%, Rev. 1.1%); Budget Balance (Sep) -173.78B (Prev. -171.91B)

NOTABLE EUROPEAN HEADLINES

• Barclaycard stated UK October consumer spending rose 0.7% Y/Y vs Prev. 1.2% Y/Y increase in September.
• UK OBR Chair says gilt market response to the budget was in part due to higher volumes, and also front-loading of spending; OBR had expected the gilt market to be surprised by the market; gilt yields have settled broadly in line with OBR expectations.

GEOPOLITICS

MIDDLE EAST – EUROPE

• Israel’s Channel 14 reports that “Authorities are considering the possibility of a pre-emptive attack against Iran or waiting for US elections”, via Sky News Arabia; “Indications are growing that Iran may soon attack Israel, perhaps on US election day”.
• Israel’s Channel 12 reports that Iran is likely to attack from several arenas, not just from its territory, via Al Jazeera.
• “Tel Aviv is considering a pre-emptive strike on Iran if there are signs of imminent attack”, according to Cairo News.
• “Prime Minister Benjamin Netanyhu will convene his national security cabinet on Thursday at 7:00 p.m. (17:00GMT) at the Kirya IDF headquarters in Tel Aviv”, according to Times of Israel Berman.
• “The IDF is gradually completing the objectives set for it in ground operations in Lebanon, and Israel is already preparing for the day after the arrangement”, according to N12.
• “Iranian Foreign Minister: We will respond to Israeli attacks in a timely and appropriate manner”, according to Cairo News

MIDDLE EAST – APAC

• Iranian Foreign Minister said their response to Israel will be appropriate without emotional decisions and that the result of the US elections will not affect their policy, according to Asharq News.
• Hezbollah said it targeted with a rocket barrage a gathering of Israeli enemy forces on the southwestern outskirts of the town of Maroun al-Ras, according to Al Jazeera.
• US Secretary of State Blinken and Israeli Defence Minister Gallant discussed the dire humanitarian conditions in Gaza, while Blinken urged further actions by Israel to increase and sustain humanitarian aid, according to the State Department
• US Secretary of State Blinken said Hamas once again refused to release a limited number of hostages to secure a ceasefire and relief for the people of Gaza, according to Sky News Arabia. It was also reported that Blinken discussed with his Egyptian counterpart the importance of establishing a post-war path that provides governance, security, and reconstruction in Gaza, as well as discussed efforts to promote a diplomatic solution in Lebanon that would enable civilians on both sides of the border to return home.

OTHER

• North Korea fired what was thought to be a ballistic missile which appeared to have landed outside of Japan’s EEZ, while Japanese Defence Minister Nakatani said North Korea fired at least 7 missiles which flew to an altitude of 100km and covered a range of 400km.
• Russia’s Defence Ministry says Ukraine has no technical potential to make nuclear weapons but is able to make a ‘dirty bomb’, according to IFAX.

CRYPTO

• Bitcoin climbs above USD 68k and sits just beneath the USD 69k level.

APAC TRADE

• APAC stocks were ultimately mixed with most major indices in the green after further encouraging Chinese PMI data although some of the gains were capped as cautiousness lingered heading into the US Presidential Election coin toss.
• ASX 200 was dragged lower amid weakness across all sectors and underperformance in the top-weighted financial industry, while the RBA decision provided little surprise and the SoMP included a reduction in GDP and household consumption forecasts.
• Nikkei 225 rallied on return from the long weekend with some encouragement from earnings and strength in exporters.
• Hang Seng and Shanghai Comp benefitted following the better-than-expected Chinese Caixin Services PMI data, while Premier Li suggested a favourable outlook and optimism regarding economic prospects during his keynote speech at the CIIE.

NOTABLE ASIA-PAC HEADLINES

• Chinese Premier Li said unilateralism is on the rise and globalisation is impacted by volatility which they must guard against with further opening up, while he added China will upgrade free trade zones and explore free trade and investment agreements with other countries. Li said China will continue to open telecommunications, internet, healthcare, and other sectors for investment, as well as noted that many positive developments in China’s economy indicate a favourable outlook. Furthermore, he said China has fiscal and monetary tools at its disposal and he is confident of meeting this year’s growth target and optimistic about economic prospects in the coming years.
• Former BoJ member Sakurai says the BoJ could hold until January given political and market uncertainty. A renewed JPY fall could spark a hike as soon as December 2024. BoJ will raise rates again in the coming months, with January emerging as the most likely. BoJ will aim to raise short-term rates to 1.5% or 2.0% by the end of Ueda’s term, early in 2028. Debt issuance could prevent a QT acceleration.
• Foxconn (2317 TW) October Revenue +8.59% Y/Y (September +10.9% Y/Y). Looking to Q4, operations are anticipated to show quarterly and yearly growth.

DATA RECAP

• Chinese Caixin Services PMI (Oct) 52.0 vs. Exp. 50.5 (Prev. 50.3); Composite PMI (Oct) 51.9 (Prev. 50.3)

2C ASIAN REPORT

RBA hold rates as expected; European futures indecisive ahead of key US events – Newsquawk Europe Market Open

Tuesday, Nov 05, 2024 – 01:44 AM

• APAC stocks were ultimately mixed with most major indices in the green after further encouraging Chinese PMI data.
• The RBA decision provided little surprise and the SoMP included a reduction in GDP and household consumption forecasts.
• US equity futures were rangebound, DXY was flat, and UST futures traded sideways as all eyes now turn to the US Presidential Election.
• European equity futures are indicative of an uneventful cash open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.5% on Monday.
• Looking ahead, highlights include UK Composite/Services Final PMI, US International Trade, Canadian Exports/Imports, US ISM Services, NZ HLFS Jobs, BoC Minutes, BoJ Minutes, US Election, Speakers including ECB President Lagarde & Schnabel, Supply from UK & US, Earnings from UniCredit, Ferrari, Oersted, Fresenius Medical Care, Hugo Boss, Zalando, Deutsche Post, Emerson Electric Co, Super Micro Computer & Global Foundries.

SNAPSHOT

• Click for the Newsquawk Week Ahead.

More Newsquawk in 3 steps:

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 days

US TRADE

EQUITIES

• US stocks finished mostly lower in cautious trade heading into the US Presidential Election on Tuesday and with price action in markets primarily categorised as an unwinding of the ‘Trump trade’ after weekend polls and betting markets showed Trump losing momentum against Harris. This provided early headwinds for the dollar and underpinned bonds although price action was contained during the New York session with the contest for the battleground states seen very tight as the US prepares to vote.
• SPX -0.28% at 5,713, NDX -0.35% at 19,964, DJI -0.61% at 41,795, RUT +0.40% at 2,219.
• Click here for a detailed summary.

NOTABLE HEADLINES

• Former US President Trump’s tariff proposals could reportedly cost Americans USD 78bln in annual spending power, according to the NRF citing a study. It was separately reported that Trump said he would impose a tariff on Mexico unless they stop sending fentanyl into the US,

APAC TRADE

EQUITIES

• APAC stocks were ultimately mixed with most major indices in the green after further encouraging Chinese PMI data although some of the gains were capped as cautiousness lingered heading into the US Presidential Election coin toss.
• ASX 200 was dragged lower amid weakness across all sectors and underperformance in the top-weighted financial industry, while the RBA decision provided little surprise and the SoMP included a reduction in GDP and household consumption forecasts.
• Nikkei 225 rallied on return from the long weekend with some encouragement from earnings and strength in exporters.
• Hang Seng and Shanghai Comp benefitted following the better-than-expected Chinese Caixin Services PMI data, while Premier Li suggested a favourable outlook and optimism regarding economic prospects during his keynote speech at the CIIE.
• US equity futures were kept afloat in rangebound trade as all eyes now turn to the US Presidential Election.
• European equity futures are indicative of an uneventful cash open with the Euro Stoxx 50 future flat after the cash market closed lower by 0.5% on Monday.

FX

• DXY traded flat after recently giving up ground on the unwinding of the ‘Trump trade’ with price action now muted as the US prepares to vote in what polls suggest will be a very tight election.
• EUR/USD lacked direction after its return journey from a brief foray above the 1.0900 level.
• GBP/USD was uneventful after yesterday’s pullback from resistance just shy of the 1.3000 handle as sterling watchers also await the BoE on Thursday where the central bank is expected to deliver a 25bps rate cut to the Bank Rate.
• USD/JPY marginally edged higher in a rebound from a brief dip beneath the 152.00 level amid light catalysts.
• Antipodeans slightly gained following encouraging Chinese PMI data, while there was a muted reaction to the RBA rate decision in which the central bank unsurprisingly kept rates unchanged at 4.35% and reiterated its hawkish rhetoric.
• PBoC set USD/CNY mid-point at 7.1016 vs exp. 7.1019 (prev. 7.1203).

FIXED INCOME

• 10yr UST futures traded sideways following recent bull flattening in an unwinding of the ‘Trump trade’.
• Bund futures languished beneath the 132.00 level with little fresh catalysts to spur demand.
• 10yr JGB futures eked mild gains but with the upside limited amid the strength in Japanese stocks and the absence of tier-1 releases from Japan.

COMMODITIES

• Crude futures took a breather after rallying yesterday by 3% owing to the delay of the OPEC+ output increase and geopolitical tensions with Iran planning a strong and complex response to Israel, while Israeli media also reported that Israel’s response to any Iranian attack would be stronger than the previous time.
• Iran approved a plan to increase oil production by 250k BPD, according to the Iranian Oil Ministry website.
• Libya’s oil production was reportedly nearing 1.5mln BPD.
• Shell (SHEL LN) said it has safely paused some drilling operations and moved non-essential personnel to shore at the Appomattox, Vito, Ursa, Mars, Auger, & Enchilada/Salsa assets.
• Spot gold was choppy overnight after the prior day’s indecision heading into this week’s major risk events.
• Copper futures advanced alongside the optimism in its largest buyer China after Caixin Services and Composite PMI data conformed to the recent encouraging signals seen in China’s Manufacturing PMIs.
• Citi expects copper to rally temporarily to USD 10k/ton over the coming week on the back of China easing, Fed easing and US election outcomes.

CRYPTO

• Bitcoin ultimately gained after oscillating around the USD 68,000 level.

NOTABLE ASIA-PAC HEADLINES

• Chinese Premier Li said unilateralism is on the rise and globalisation is impacted by volatility which they must guard against with further opening up, while he added China will upgrade free trade zones and explore free trade and investment agreements with other countries. Li said China will continue to open telecommunications, internet, healthcare, and other sectors for investment, as well as noted that many positive developments in China’s economy indicate a favourable outlook. Furthermore, he said China has fiscal and monetary tools at its disposal and he is confident of meeting this year’s growth target and optimistic about economic prospects in the coming years.
• RBA kept the Cash Rate unchanged at 4.35%, as expected, while it stated the board will continue to rely upon the data and evolving assessment of risks, as well as noted that inflation remains too high and is not expected to return sustainably to the midpoint of the target until 2026. RBA said policy will need to be sufficiently restrictive until the board is confident that inflation is moving sustainably towards the target range and the board is not ruling anything in or out. Furthermore, the SoMP stated that core inflation remains elevated with service inflation expected to decline only gradually and that policy in Australia is not as restrictive as in most peer countries, even after recent rate cuts abroad, while RBA lowered its GDP, household consumption, trimmed CPI and core inflation forecasts.
• RBA Governor Bullock said in the post-meeting press conference that the last part of bringing inflation down is not easy and rates need to stay restrictive for the time being, while she thinks there are still risks on the upside for inflation and will be ready to act if the economy turns down more than expected but also noted they have the right settings at the moment. Bullock said there were no discussions on specific scenarios for rate changes and the current Cash Rate path priced by the market is as good as any.
• RBNZ Financial Stability Review said financial systems remain resilient amidst economic downturn and that risks to New Zealand’s financial system remain contained, while debt servicing costs are nearing their peak and starting to decline with advertised mortgage rates falling over the last 6 months. RBNZ noted that domestic economic challenges remain and many households and businesses are feeling financial pressure with rising unemployment posing challenges for some borrowers. RBNZ Governor Orr later commented that the real economy is lagging a reduction in interest rates which is a concern and climate change is an existential threat.

DATA RECAP

• Chinese Caixin Services PMI (Oct) 52.0 vs. Exp. 50.5 (Prev. 50.3)
• Chinese Caixin Composite PMI (Oct) 51.9 (Prev. 50.3)

GEOPOLITICS

MIDDLE EAST

• Israel’s response to any Iranian attack will be stronger than the previous time, while it was also reported that security institutions are preparing for a multi-front Iranian attack, according to Israel’s Channel 12.
• Iranian Foreign Minister said their response to Israel will be appropriate without emotional decisions and that the result of the US elections will not affect their policy, according to Asharq News.Israeli Air Force announced it struck Hezbollah intelligence assets near Damascus, targeting key infrastructure in Syria.
• Hezbollah said it targeted with a rocket barrage a gathering of Israeli enemy forces on the southwestern outskirts of the town of Maroun al-Ras, according to Al Jazeera.
• US Secretary of State Blinken and Israeli Defence Minister Gallant discussed the dire humanitarian conditions in Gaza, while Blinken urged further actions by Israel to increase and sustain humanitarian aid, according to the State Department
• US Secretary of State Blinken said Hamas once again refused to release a limited number of hostages to secure a ceasefire and relief for the people of Gaza, according to Sky News Arabia. It was also reported that Blinken discussed with his Egyptian counterpart the importance of establishing a post-war path that provides governance, security, and reconstruction in Gaza, as well as discussed efforts to promote a diplomatic solution in Lebanon that would enable civilians on both sides of the border to return home.
• US and Saudi Arabia are discussing a possible security agreement that wouldn’t involve a broader deal with Israel, according to Axios.

OTHER

• North Korea fired what was thought to be a ballistic missile which appeared to have landed outside of Japan’s EEZ, while Japanese Defence Minister Nakatani said North Korea fired at least 7 missiles which flew to an altitude of 100km and covered a range of 400km.
• North Korea’s UN envoy told the Security Council that Pyongyang will accelerate a build-up of its nuclear force to counter “any threat presented by hostile nuclear weapons states”.

EU/UK

NOTABLE HEADLINES

• Barclaycard stated UK October consumer spending rose 0.7% Y/Y vs Prev. 1.2% Y/Y increase in September.

DATA RECAP

• UK BRC Like-for-Like Retail Sales YY (Oct) 0.3% vs Exp. 1.4% (Prev. 1.7%)
• UK BRC Total Sales YY (Oct) 0.6% (Prev. 2.0%)

3B NORTH KOREA/SOUTH KOREA

NORTH KOREA/RUSSIA/UKRAINE

Good reason for gold to fall a bit on this news: Ukraine fires upon North Korean troops inside Russia;s Kursk oblast. What happens if North Korea fires upon South Korea

(zerohedge)

Ukraine Announces First Direct Clashes With North Korean Troops

Tuesday, Nov 05, 2024 – 02:05 PM

The US and South Korea now say many thousands of North Korean troops are on the front lines, potentially engaging Ukrainian forces, with most of them located in Russia’s Kursk oblast, which has been under Ukrainian troop presence since the August cross-border offensive.

“More than 10,000 North Korean soldiers are currently in Russia, and we assess that a significant portion of them are deployed to front-line areas, including Kursk,” spokesman for South Korea’s defense ministry, Jeon Ha-kyou, told a briefing.

The Pentagon has said the same with spokesman Pat Ryder having stated Monday, “All indications are that they will provide some type of combat or combat support capability.” He added: “We would fully expect that the Ukrainians would do what they need to do to defend themselves and their personnel.”

The US administration has continued to warn that these foreign troops are “legitimate military targets” if they are found inside Ukraine and enter the fight.

Kiev has taken the allegations a step further, saying that already there’s been an exchange of fire between Ukrainian and North Korean troops. But it reportedly happened inside Russia.

“Ukrainian officials said on Monday that their forces had fired at North Korean soldiers in combat for the first time since their deployment by Russia to its western Kursk region,” FT writes of the new development.

The publication is calling the alleged instance “the first direct intervention by a foreign army since Russia’s full-scale invasion” as well as constituting an expansion of “what was already the largest land war in Europe since the second world war.”

“The first military units of the DPRK [Democratic People’s Republic of Korea] have already come under fire in Kursk,” Andriy Kovalenko, Ukraine’s high-ranking ‘counter-disinformation’ official, announced on Telegram. Another top intelligence official said the same but did not provide or confirm any details of the alleged clash.

Ukraine’s foreign minister Andrii Sybiha has urged his visiting German counterpart Annalena Baerbock on the “need for decisive action” in response to North Korea’s presence in the conflict.

“We urge Europe to realize that the DPRK troops are now carrying [out] an aggressive war in Europe against a sovereign European state,” Sybiha told a press conference.

https://twitter.com/i/status/1853597839714062380

The Russian and North Korean governments have still not overtly or definitively confirmed the large deployment – especially not inside Ukraine – but have have strongly hinted at it, pointing to the defense pact inked between Presidents Putin and Kim Jong Un in Pyongyang this past summer.

President Zelensky has meanwhile been using the issue to demand that the US and NATO lift all restrictions on use of Western supplied long-range missiles against Russian territory. But the Western allies have not been responsive to the issue.

END

3C JAPAN

3D. CHINA

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY/

END

 

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

END

ISRAEL/USA/EDITORIAL

Israel and America need each other, now more than ever – editorial

The challenges we face may be greater than ever, but together, with a strong America standing by our side, we will persevere.

By JPOST EDITORIALNOVEMBER 5, 2024 05:54

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fopinion%2Farticle-827561&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241105_1f84036de4322c3075e3aa7bc095964821230841&useBunnyCDN=0&themeId=140&unitType=tts-player

As Americans cast their ballots today, Israel watches with both hope and concern. Our nation is facing an unprecedented struggle, fighting on multiple fronts – neighbors to the north and south and even adversaries from across the seas. For Israel, the stakes of this election go beyond typical political shifts; we need a steadfast ally in the White House, a leader who not only promises unwavering support but who truly grasps Israel’s role as the only democracy in the Middle East.

In recent days, both candidates – Kamala Harris and Donald Trump – have voiced strong positions on Gaza and the broader conflict. Harris has emphasized support for the Muslim community, calling for an end to what she described as a humanitarian crisis, while Trump assured Americans that he would bring a swift conclusion to the Israel-Hamas War.

“We have to remember our commitment to all communities, and that includes our Muslim neighbors,” Harris said recently, underscoring her call for compassion in US foreign policy. Trump, meanwhile, was clear on his intentions, declaring, “We need peace, and I will bring that peace to Gaza. Enough lives have been lost.”

These statements are being watched closely here in Israel, where more than 100 Israeli citizens remain held captive by Hamas in Gaza, according to reports, with about half of them feared dead. For those of us waiting and hoping for their safe return, we call on the next US president to prioritize their release as part of America’s commitment to Israel’s security. With its influence, the United States can and should do everything in its power to bring the hostages home.

As this election unfolds, we remind the American people and those in positions of power of Israel’s reality: Our country stands as the only Jewish state, a place built on the dreams and struggles of those who survived the unthinkable. Israel was not established to provoke conflict but as a beacon of freedom and hope for the Jewish people, a haven and a democracy where all citizens – Jewish, Muslim, and Christian – live with dignity and rights.

Yet today, antisemitism in the US is at its highest levels in decades. This rise in hate threatens not only the Jewish community but also the values upon which  America was founded. We call on the next president to make combating antisemitism a national priority, ensuring that American Jews feel secure in their own country. Leaders must take a firm stand against hatred and discrimination, address this crisis seriously, and demonstrate that Jewish rights and safety are a priority.

The front line of democracy

Israel’s struggle isn’t just ours; it is a front line for democratic values. America has long been our strongest ally, and we need a strong US now more than ever. With hostages held by Hamas, civilians in peril, and military aid critical to our defense, we urge both candidates to honor America’s legacy of supporting Israel. We call on them to allow Israel the latitude to complete its mission, to release the captives, to defend our borders, and to ensure that such threats are never posed to our children again.

America also needs Israel. This is not a one-sided relationship. Israel is at the forefront of the fight against radical Islam, and for Iran and the terrorist organizations, the US is an enemy as much as Israel.

Our prayer is simple but vital: May the next US president recognize that Israel is not only a strategic ally but a symbol of resilience and freedom in a turbulent region. The challenges we face may be greater than ever, but together, with a strong America standing by our side, we will persevere. May this election herald a chapter in which Israel’s right to exist in peace is fiercely defended, and may the bond between our nations grow stronger than ever before.

We find solace in the words of Isaiah: “No weapon that is fashioned against you shall succeed, and you shall refute every tongue that rises against you in judgment. This is the heritage of the servants of the Lord and their vindication from me, declares the Lord” (Isaiah 54:17). May these words inspire us and remind our allies of the resilience that binds Israel and the Jewish people, and may the bond between our nations grow stronger than ever before.

END

ISRAEL

Netanyahu fires Defense Minister Yoav Gallant on day of US elections

FM Israel Katz has been offered the defense minister role • Gideon Sa’ar offered to join government as new foreign minister

By ELIAV BREUER, JERUSALEM POST STAFFNOVEMBER 5, 2024 20:00Updated: NOVEMBER 5, 2024 20:42

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-827716&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241105_f5caa59226db5c6712b46806291c63d5f974163a&useBunnyCDN=0&themeId=140&unitType=tts-player

Prime Minister Benjamin Netanyahu announced on Tuesday evening that he was removing Defense Minister Yoav Gallant from his position and replacing him with Israel Katz, citing a “crisis of trust” that “gradually deepened.”

The move is a stunning shift after the prime minister nearly made a similar move in September but made an about-turn. United Right Chairman MK Gideon Sa’ar, who joined the coalition in late September as a Minister-without-portfolio, will replace Katz as Foreign Minister.

Netanyahu made the announcement in a video statement on Tuesday evening.

“My supreme commitment as Prime Minister of Israel is to safeguard Israel’s security and lead us to an absolute victory,” he began.

“In the midst of a war, more than ever, there needs to be full trust between the Prime Minister and the Defense Minister.”

“Unfortunately, although in the first few months of the campaign there was such trust and very fruitful work, over the last few months, this trust has cracked between myself and the Defense Minister,” Netanyahu said.

“Significant gaps have emerged between myself and Gallant in the management of the campaign, and these gaps have been accompanied by statements and actions that contradict the government’s decisions and the decisions of the Cabinet.

“I made many attempts to bridge these gaps, but they widened. They also reached the public in an unacceptable way, and worse, they reached the enemy – our enemies took satisfaction from this and derived a lot of benefit from it,” Netanyahu said.

The announcement came just hours after a crisis with the United Torah Judaism party deepened over the prime minister’s decision to backtrack on a bill that would incentivize haredi yeshiva students to avoid IDF service.

Gallant wrote on X/Twitter, “The security of the State of Israel was and will always remain my life’s mission.”

---

---

Gallant’s firing will come into effect in 48 hours. The appointment of Katz and Saar requires the approval of the government and then of the Knesset.

Netanyahu said of his choice of defense minister, “Katz has proven his capability and dedication to national security, as both foreign minister, finance minister, and intelligence minister for five years, as well as a longstanding member of the Security Cabinet.

“He brings an impressive combination of experience and practical skill, known as a ‘bulldozer’ with a quiet strength and responsible determination—all essential qualities in the campaign’s leadership,” the prime minister added. 

Netanyahu noted that Sa’ar’s “long experience as a member of the government and cabinet gives him valuable insights in both policy and security matters, and he will add great strength to our leadership.”

‘Night of Gallant’

The prime minister first announced that he would fire Gallant after the latter warned in March 2023 that the government’s judicial reforms were endangering national security. Hundreds of thousands of Israelis took to the streets in protest in what became known as “the Night of Gallant,” and Netanyahu backtracked.

The prime minister and defense minister’s relationship deteriorated since the outbreak of war on October 7. Gallant publicly accused Netanyahu of involving political considerations in his decision-making, while Netanyahu accused Gallant of attempting to topple the government from within.

Gallant is also an obstacle in the way of Netanyahu’s attempt to obtain a haredi exemption from IDF service, and his removal may contribute to solving this problem for Netanyahu as well.

This is a developing story. 

ISRAEL/HAMAS/HEZBOLLAH

Israel at war: What happened on day 395?

Israeli strike hits Hezbollah intel sites near Damascus, IDF kills PIJ terrorist who massacred Kfar Aza residents on Oct. 7

By JERUSALEM POST STAFF, REUTERSNOVEMBER 5, 2024 05:12

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-827595&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241105_1f84036de4322c3075e3aa7bc095964821230841&useBunnyCDN=0&themeId=140&unitType=tts-player

An Israeli strike from the direction of the Golan Heights targeted a Hezbollah intelligence site south of Damascus, the IDF confirmed on Monday.

The head of the intelligence branch, Mahmoud Mohammed Shaheen, was killed in the strike. He assumed the position in 2007, fostering relations with Syrian-regime and Iranian-aligned officials, and led intelligence and air defense capabilities.

The IDF said the Syrian unit was operated directly by Hussein Ali Hazimeh, Hezbollah’s head of intelligence, who was killed along with Hashem Safieddine, the man originally tapped to lead the group after the assassination of Hassan Nasrallah, in a strike on Beirut last month.

Syrian and Western intelligence sources say Israeli attacks in Syria have killed numerous Hezbollah and pro-Iranian militia fighters based around the eastern outskirts of Damascus and to the south of the city.

The sources say the area remains a target due to the presence of high-ranking militia leaders.

Israel has been carrying out strikes against Iran-linked targets in Syria for years. It has ramped up strikes since the Hamas massacre on October 7, 2023 and particularly since the recent escalation of the Israel-Hezbollah conflict.

In southern Lebanon, the Israel Air Force killed Hezbollah’s Radwan Force’s anti-tank missile system commander, Riad Rida Ghazzawi, in an airstrike on the Sultaniyeh area, the IDF said.

Ghazzawi planned and executed many attacks on Israel, including firing anti-tank missiles at Israelis and soldiers operating in southern Lebanon, the army said.

In a separate strike, the IAF hit Hezbollah infrastructure in Safad El Battikh in southern Lebanon, including buildings in which a Hezbollah Command Unit terrorist operated, responsible for smuggling weapons to terror cells and rehabilitating terror operations in the Bint Jbeil area, according to the military.

Concurrently, soldiers have been operating in wooded, thicketed terrain in southern Lebanon along Israel’s border fence to uncover and dismantle Hezbollah infrastructure, the IDF said.

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Combat engineering teams in Brigade 188 have been working to uncover and destroy terror infrastructure, including military buildings and weaponry.

Earlier on Monday, about 30 rockets were launched from Lebanon toward the Upper Galilee at 11 a.m.

Before this salvo, the IDF struck a rocket launcher from which another 30 rockets were launched toward the Upper Galilee at 9:25 a.m. During the barrages, the rockets were either intercepted or fell in open areas.

Terrorists eliminated

The IDF said it killed Palestinian Islamic Jihad terrorist Ahmed al-Dalu, who took part in the October 7 massacre in Kfar Aza, as well as Abu Ali Rida, a Hezbollah commander, the military said.

Throughout the war, Dalu was reportedly involved in the planning of terrorist activities against Israelis. He was killed in a targeted strike in the Gaza Strip directed by the Shin Bet (Israel Security Agency) and IDF ground troops, the military noted, adding that another terrorist was eliminated with him.

In Gaza, ground troops of the 162nd and 252nd divisions killed numerous terrorists in close-quarters combat and via aircraft fire. Troops also operated and killed fighters in the Rafah area.

Palestinian medics said seven Palestinians were killed in strikes on two separate homes in Beit Lahiya on Monday, five in central and southern Gaza.

The military said a combat soldier serving in the Givati Brigade was seriously wounded in combat in the northern Gaza Strip.

Germany on Monday called on Israel to let more humanitarian aid into northern Gaza, where a lack of supplies has led to a “desperate” and “unbearable” situation, a spokesperson for the German Foreign Ministry said on Monday.

“We call on the Israeli government urgently to meet its responsibilities under international law,” the spokesperson said. “Israel has the right to self-defense against Hamas within the framework of humanitarian international law.”

The IDF, through the Coordinator of Government Activities in the Territories (COGAT), has been intensifying efforts to vaccinate Gaza’s children against polio, it said.

In partnership with the World Health Organization and UNICEF, the campaign aims to vaccinate “hundreds of thousands of children in the Gaza Strip,” according to a statement by COGAT.

On Sunday alone, 35,827 people received the vaccine, bringing the total number of vaccinated individuals in northern Gaza to 94,431. Once the regional vaccination drive concludes, a situation assessment will determine “whether there is a need to extend the timeline,” COGAT noted.

END

ISRAEL/HAMAS

Hamas nixes Cairo’s proposal for brief Gaza ceasefire in exchange for 4 hostages

Diplomat says negotiations ongoing, all options still on the table; Netanyahu said willing to offer ‘millions of dollars,’ safe passage out of Gaza to captors who release hostages

By Jacob Magid Follow
and ToI StaffToday, 4:06 am

Relatives of hostages held by Hamas in the Gaza Strip and their supporters attend a rally calling for their immediate release in Tel Aviv, Israel, Saturday, November 2, 2024. (AP/Francisco Seco)

The US State Department said on Monday that Hamas had rejected a proposal for a short-term ceasefire and hostage release deal, indicating that the terror group was refusing to budge from its key demand for a permanent withdrawal of Israeli forces from the Gaza Strip even after the death of its leader Yahya Sinwar last month.

The rejection has reportedly led Israeli negotiators to warn Prime Minister Benjamin Netanyahu that unless he shows some flexibility in negotiations, a deal will remain unattainable.

The revelation that the terror group had rejected a proposal drawn up by Egypt for a temporary ceasefire was made in a US readout issued on Secretary of State Antony Blinken’s call with Egyptian Foreign Minister Badr Abdelatty.

Blinken “noted that Hamas has once again refused to release even a limited number of hostages to secure a ceasefire and relief for the people of Gaza,” the readout stated.

Egypt had put forth a proposal that would have begun with an initial 48-hour ceasefire during which Hamas would have prepared for the release of four Israeli hostages over the next 10 days, two Arab diplomats told The Times of Israel.

The four hostages were to fall under the so-called humanitarian category, meaning they were to be either women, elderly, or sick.

In exchange, Israel was to release roughly 100 Palestinian security prisoners, the diplomats said, and Israel and Hamas would have held talks throughout the 12-day deal about a more long-lasting ceasefire.

But Hamas made clear that it would only agree to a short-term deal that includes guarantees for a longer-term one, and the Egyptian proposal stopped short of such an assurance, given Israel’s refusal to agree.

Prime Minister Benjamin Netanyahu was recorded just last week saying he would not agree to end the war in exchange for the remaining 101 hostages, as he faces pressure from far-right coalition partners to continue fighting in Gaza.

Despite Hamas’s rejection of Cairo’s proposal, a diplomat familiar with the matter told the Times of Israel that discussions were still ongoing and that mediators were still trying to broker an agreement.

The diplomat said all options were on the table to try and secure a deal, and that the sides were watching to see the results of the US presidential elections on Tuesday to determine how to respond.

Families of Israelis held hostage in the Gaza Strip and supporters dress in white as they attend a silent protest calling for the release of the hostages, outside the Knesset, the Israeli parliament in Jerusalem, November 4, 2024. (Chaim Goldberg/Flash90)

A separate proposal for a short-term ceasefire put forward by Doha last week has yet to receive a response from Hamas.

The Qatar-backed proposal reportedly calls for the release of 11-14 hostages from Gaza in exchange for a number of Palestinian security prisoners from Israel and a month-long truce in the Strip.

However, Channel 12 reported on Monday evening that after receiving an overview of the ongoing negotiations on Sunday, senior government and security officials do not believe Hamas will agree to the offer.

According to the report, the negotiators told Netanyahu and select government ministers during a limited security consultation on Sunday that, despite the assassination of Sinwar in Gaza last month, the terror group was not expected to renege on its previously stated demands for the complete withdrawal of Israeli forces from the Gaza Strip and a permanent end to the fighting.

Those demands have been rejected by Prime Minister Benjamin Netanyahu, who has said that Israel will continue fighting until its war aims of destroying Hamas and recovering the hostages are met. Netanyahu has also demanded that any deal include a carve-out for troops to remain stationed along the so-called Philadelphi corridor along the Gaza-Egypt border.

With Hamas appearing unwilling to move, negotiators were reported to have warned Netanyahu during Sunday’s security consultation that without flexibility on the Israeli side, negotiations would remain deadlocked.

Both Israel and the US have blamed Hamas for the over-two-month impasse that ensued prior to Sinwar’s death, saying that the terror group refused to engage in talks.

Arab mediators Qatar and Egypt have been less convinced by this argument, privately maintaining that the US has downplayed Netanyahu’s culpability for the impasse and claiming that a deal would have been possible over the summer had the premier not added new conditions, Arab diplomats have told The Times of Israel.

Israelis attend a rally calling for the release of hostages held by Hamas terrorists in Gaza, at Hostages Square in Tel Aviv, November 2, 2024. (Avshalom Sassoni/ Flash90)

Amid ongoing efforts by mediating countries to bring Hamas back to the negotiating table and absent a deal, Channel 12 reported on Monday that Netanyahu was examining a new proposal, and had instructed negotiators to present to mediators

According to the report, in an effort to secure the release of the hostages, Netanyahu is prepared to offer their captors “several million dollars” for the release of each hostage.

In addition, the captors who release hostages would be guaranteed “safe passage” for them and their families, the report stated.

The prime minister first floated the idea of granting safe passage out of Gaza in exchange for releasing the hostages following Sinwar’s assassination.

“Hamas is holding 101 hostages in Gaza, who are citizens of 23 countries; citizens of Israel, but citizens of many other countries,” the premier said in his October 17 address. “Israel is committed to doing everything in our power to bring all of them home. And Israel will guarantee the safety of all those who return our hostages.”

While Netanyahu insists that his government is doing everything in its power to enable the release of the hostages, their relatives have accused the premier of intentionally sabotaging various opportunities to release their loved ones.

The accusations have intensified in recent days, after Eli Feldstein, a spokesman for the prime minister, was arrested on suspicion of removing sensitive info from an Israel Defense Forces database and leaking it to a news outlet.

According to the suspicions, Feldstein was involved in leaking a document to the German tabloid Bild ostensibly showing Hamas as unwilling to reach a hostage release deal in Gaza.

A second story, published and later removed by the Jewish Chronicle, alleged that Hamas would try to smuggle terrorists and hostages out of Gaza to Iran via Egypt.

Eli Feldstein, a spokesman in the office of Prime Minister Benjamin Netanyahu, who is the main suspect in an investigation launched in late October 2024 of alleged illegal access and leaking of classified intelligence material. (Kan screenshot, used in accordance with clause 27a of the copyright law)

According to the court, the leaks in the case are alleged to have damaged efforts to secure the release of hostages in Gaza. Ninety-seven of the 251 hostages kidnapped on October 7 remain in the Strip, many of them still alive, along with four others held there for around a decade.

Critics say the the Bild and Jewish Chronicle reports dovetail neatly with Netanyahu’s talking points at the time, which sought to play up the importance of Israel’s demand for soldiers to remain stationed inside Gaza while placing blame on Hamas for the lack of progress on a hostage release and ceasefire.

The Hostage Families Forum said on Monday that it expected investigations to be opened into “all those suspected of sabotage and undermining state security.”

“Such actions, especially during wartime, endanger the hostages, jeopardize their chances of return and abandon them to the risk of being killed by Hamas terrorists.”

The forum represents most of the families of the 101 hostages still held in Gaza.

“The suspicions suggest that individuals associated with the prime minister acted to carry out one of the greatest frauds in the country’s history,” the forum says.

“This is a moral low point like no other. It is a severe blow to the remaining trust between the government and its citizens,” the forum said.

It is believed that 97 of the 251 hostages abducted by Hamas on October 7 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 last year, 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 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.

ISRAEL/IRAN

IDF heightens state of alert in anticipation of Iranian response

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran.

By AMIR BOHBOTNOVEMBER 4, 2024 22:12

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-827568&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241105_1f84036de4322c3075e3aa7bc095964821230841&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF has heightened its state of alert and readiness in anticipation of a possible Iranian response to the recent Israeli strike, military sources said on Monday. 

This increased vigilance includes daily situational assessments across all branches and divisions of the IDF General Staff, including the Home Front Command.

Intelligence gathering efforts have been intensified through various methods involving the entire intelligence community. At the same time, the Israeli air force remains on high alert, focusing on its control and air defense systems.

“The presence of hundreds of American soldiers in Israel operating the THAAD missile defense system underscores the close cooperation between the IDF and US forces stationed here,” a military official noted.Deputy Chief of Staff Maj.-Gen. Amir Baram has also strengthened cooperative ties with his counterparts at US CENTCOM headquarters to prepare for various scenarios.

IDF sources emphasized, “Despite various reports in foreign media, there is no confirmed information about the exact timing of a response.”They further assessed that Iran is still considering its options for retaliation and evaluating the scale of their response.

Not ruling out the possibility of an Iranian response

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran.Additionally, security officials are not discounting the possibility of Iranian attempts to target senior Israeli figures both domestically and abroad.

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Security officials pointed out that Iran is likely weighing US warnings carefully while testing the limits, particularly during the American election period.“An Iranian attack on Israel could impact the US elections, as Israel is deeply embedded in the political narratives of both Democratic and Republican campaigns,” one source explained.Military sources confirmed that, despite assessments suggesting that the US elections might delay any Iranian response by at least a few days, the IDF has strategically reinforced its detection, warning, air defense, intelligence, and operational systems within the General Staff.

end

ISRAEL/HEZBOLLAH/

‘Carved in stone’: IDF troops unearth a 70-meter-long underground space in southern Lebanon

Within the subterranean space, soldiers found a room and weapons for a lengthy stay. 

By JERUSALEM POST STAFFNOVEMBER 5, 2024 15:54

https://player.jpost.com/public/player.html?player=jpost&media=3794723&url=https://www.jpost.com/israel-news/article-827678Footage of a Hezbollah underground infrastructure located by IDF troops in southern Lebanon. November 5, 2024. (Credit: IDF SPOKESPERSON’S UNIT).

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-827678&unitId=2900003088&userId=0825748c-83eb-4fa6-9d99-5d5781551d74&isLegacyBrowser=false&isPartitioningSupport=1&version=20241105_518aa24412c4c5ce953f8be7710c6dbe97918eb8&useBunnyCDN=0&themeId=140&unitType=tts-player

IDF troops unearthed a 70-meter-long underground infrastructure belonging to Hezbollah in southern Lebanon the military said on Tuesday. 

Within the subterranean space, soldiers found a room and weapons for a lengthy stay. 

“We entered a military camp in a thicketed and fortified terrain in the center of a wadi,” a Battalion chief of the 646th Brigade said. 

He added that the company had found “deep inside in the terrain, a very, very deep underground infrastructure with ammunition, basically, an ammunition storage facility that was concealed in the thicketed terrain.”

“They essentially created a bunker inside the terrain, carved inside a stone.”

An additional raid unearthed another underground terror infrastructure that had room for prolonged stay and supplies.  

The IDF added that after unearthing the infrastructure, they were destroyed, and the weapons were confiscated.

Troops demolished dozens of Hezbollah military structures and eliminated terrorists via aircraft fire.  

Operations based on intelligence information 

The military noted that troops had carried out targeted operations in various southern Lebanese villages based on precise intelligence information. 

Later on Tuesday, the IDF said that as of 3:00 p.m., some 40 rockets had been fired by Hezbollah into Israel.

END

ISRAEL HAMAS/USA

With Israel under direct threat of an attack from Iran, the idiot Blinken can only think of increase humanitarian aid in Gaza which is 100% stolen by Hamas

(JerusalemPost)

Blinken urges Israel to substantially increase humanitarian aid in Gaza

By REUTERSNOVEMBER 5, 2024 01:02

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-827582&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241104_98fa9a249be2004d76a28af1646dbd98741f3a5a&useBunnyCDN=0&themeId=140&unitType=tts-player

US Secretary of State Antony Blinken spoke with Israeli Defense Minister Yoav Gallant on Monday and urged further actions to substantially increase humanitarian aid in Gaza, the State Department said in a statement.

“The Secretary reviewed actions Israel has taken to date and urged further actions to substantially increase and sustain humanitarian aid – including food, medicine, and other essential supplies – to civilians across all of Gaza,” the State Department said after the call.

END 

ISRAEL/IRAN

Israeli commander is a wanted man from Iran. He is under security following an attempted Iranian assassination

(JerusalemPost)

Israeli commander under security following attempted Iran attack

“The commander is a very wanted target because Nevatim is in itself so strong a target for Iran. It’s not just fighters, it’s intelligence, it’s multi-disciplinary and a strategic base.”

By JERUSALEM POST STAFFNOVEMBER 5, 2024 02:18

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-827585&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241104_98fa9a249be2004d76a28af1646dbd98741f3a5a&useBunnyCDN=0&themeId=140&unitType=tts-player

An Israeli commander in the Nevatim Air Base was placed under security after a failed assassination attempt from Iran, Iran International reported on Monday. 

An Israeli security source told Iran International, “That’s not a standard procedure for everyone, only those with a threat on them such as the chief of staff, the Air Force chief, but now they put security on him and his family as he was exposed.”

Iran International reported that this Israeli commander was one of the targets of an Iran-backed cell of Azeri-Israelis, arrested last month after an operation between the Shin Bet, the Israel Police’s Unit of International Crime Investigations, and the Lahav 433 Cyber Unit uncovered another Iranian intelligence network operating to recruit and activate Israeli citizens as spies for the Islamic Republic.

On October 1, Iran penetrated Israel’s air defense significantly, with almost 200 ballistic missile hits at air force bases, including Nevatim. 

“The commander is a very wanted target because Nevatim is in itself so strong a target for Iran. It’s not just fighters, it’s intelligence, it’s multi-disciplinary and a strategic base,” the source explained.

Multiple assassination attempts

In September, the Shin Bet said that they had identified a significant escalation in Iran’s efforts to promote assassinations targeting Israelis, the Shin Bet stated on Monday.

The Shin Bet has revealed that they had thwarted several serious plots, some of which were reported to be in advanced stages of planning and preparation.

end

ISRAEL/IRAN/

IDF heightens state of alert in anticipation of Iranian response

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran.

By AMIR BOHBOTNOVEMBER 4, 2024 22:12

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-827568&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241104_98fa9a249be2004d76a28af1646dbd98741f3a5a&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF has heightened its state of alert and readiness in anticipation of a possible Iranian response to the recent Israeli strike, military sources said on Monday. 

This increased vigilance includes daily situational assessments across all branches and divisions of the IDF General Staff, including the Home Front Command.

Intelligence gathering efforts have been intensified through various methods involving the entire intelligence community. At the same time, the Israeli air force remains on high alert, focusing on its control and air defense systems.

“The presence of hundreds of American soldiers in Israel operating the THAAD missile defense system underscores the close cooperation between the IDF and US forces stationed here,” a military official noted.Deputy Chief of Staff Maj.-Gen. Amir Baram has also strengthened cooperative ties with his counterparts at US CENTCOM headquarters to prepare for various scenarios.

IDF sources emphasized, “Despite various reports in foreign media, there is no confirmed information about the exact timing of a response.”They further assessed that Iran is still considering its options for retaliation and evaluating the scale of their response.

Not ruling out the possibility of an Iranian response

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran.Additionally, security officials are not discounting the possibility of Iranian attempts to target senior Israeli figures both domestically and abroad.

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Security officials pointed out that Iran is likely weighing US warnings carefully while testing the limits, particularly during the American election period.“An Iranian attack on Israel could impact the US elections, as Israel is deeply embedded in the political narratives of both Democratic and Republican campaigns,” one source explained.Military sources confirmed that, despite assessments suggesting that the US elections might delay any Iranian response by at least a few days, the IDF has strategically reinforced its detection, warning, air defense, intelligence, and operational systems within the General Staff.

end

ISRAEL/

Netanyahu Aide Arrested Over Intel Leak Which Damaged Ceasefire Talks

Monday, Nov 04, 2024 – 11:00 PM

Via The Cradle

Israeli police have arrested a top aide to Prime Minister Benjamin Netanyahu, and four others for allegedly leaking classified information to foreign media, court documents released on Sunday revealed. The intelligence allegedly claimed Hamas was planning to smuggle Israeli captives from Gaza to Egypt.

Opposition leaders say the intelligence was leaked to take pressure off Netanyahu to reach a ceasefire deal with Hamas that would bring home the roughly 100 Israeli captives still held by the Palestinian resistance movement. It is estimated that roughly 70 remain alive.

Netanyahu has repeatedly sabotaged ceasefire talks with Hamas since the start of the war on October 7 last year, despite heavy pressure from the families of the captives to reach a deal.

Court documents released on Sunday identified Eliezer Feldstein, an aide to Netanyahu, as one of several people being detained and interrogated over the leak of “classified and sensitive intelligence information.” The names of the other four detained persons have not been cleared for publication by Israel’s military censors.

The intelligence was leaked to two foreign media outlets, the Jewish Chronicle in the UK and Bild in Germany, both of which published stories about the leaked intelligence. The Jewish Chronicle later retracted its story.

The court documents said that information taken from the Israeli military’s systems and “illegally issued” may have damaged Israel’s ability to free the captives held by Hamas in Gaza.

Opposition leader Yair Lapid on Sunday accused the prime minister’s office of leaking “faked secret documents to torpedo the possibility of a hostage deal – to shape a public opinion influence operation against the hostages’ families.”

By claiming that Hamas leader Yahya Sinwar was planning to flee to Egypt with the captives, the leaked documents appeared to promote Netanyahu’s claim in the minds of the Israeli public that any ceasefire deal must allow Israel to keep its forces on the Philadelphia Corridor, which runs along the Gaza-Egypt border. 

Otherwise, the captives could end up in Egypt’s Sinai or “pop up in Iran or Yemen,” Netanyahu claimed.

Netanyahu added the demand that Israel be allowed to continue occupying the Philadelphia Corridor in the 11^th hour of negotiations for a ceasefire this summer. The demand torpedoed the talks, as Hamas has long insisted on a full Israeli withdrawal from Gaza as part of any ceasefire deal.

https://twitter.com/i/status/1853538534528807300

Members of the Likud, Religious Zionism, and Jewish Power parties, which comprise Netanyahu’s governing coalition, have stated it is their priority to continue the war. They hope to ethnically cleanse Gaza and annex it, ideally to build Jewish settlements atop destroyed Palestinian cities. 

Israeli soldiers have stated the army is currently carrying out the so-called “Generals’ Plan” to forcibly expel the remaining 300,000 residents in northern Gaza and move them to the south of the strip. The plan calls for starving or killing any militants or Palestinian civilians who refuse or are unable to leave. 

END

another Biden failure!!

ISRAEL/USA

US Soldier Injured Earlier This Year On Gaza Pier Dies

by Tyler Durden

Tuesday, Nov 05, 2024 – 03:05 PM

Authored by Dave DeCamp via AntiWar.com,

A US Army soldier who was injured earlier this year while working on the US-constructed temporary pier off Gaza has died due to his wounds, CNN reported on Monday.

Sgt. Quandarius Davon Stanley, 23, was one of three US soldiers injured while working on the pier in May. At the time, the Pentagon said two suffered very minor injuries while the other was hurt severely enough to be evacuated for medical care.

The Pentagon insisted the injuries were “non-combat” related but didn’t share any details about the incident. It’s unclear what kind of injury Stanley suffered, but he was medically retired from the Army since he could no longer perform his job.

The US Army told CNN that Stanley died on October 31. “Stanley was injured while supporting the mission that delivered humanitarian aid to Gaza in May 2024 and was receiving treatment in long-term care medical center,” an Army spokesman said.

The Gaza pier failed to bring any relief to the Palestinians and only operated for about 20 days. It was repeatedly knocked out by weather since it was unable to handle the conditions in the Eastern Mediterranean.

When President Biden ordered the construction of the pier during his State of the Union address back in March, aid groups dismissed it as a public relations stunt since it would have been far more efficient to send more aid trucks through land crossings. But Biden refused to pressure Israel to allow more aid into the Strip.

According to a report from the US Agency for International Development’s (USAID) Inspector General, Biden ordered the construction of the pier despite warnings from USAID that it would undermine efforts to pressure Israel to allow more aid into Gaza via land crossings.

The report also said that the Pentagon was aware that operating the pier in the Eastern Mediterranean would be difficult since the sea conditions were often heavier than what it could handle.

https://twitter.com/AngryCops/status/1853805149401047056

The pier cost US taxpayers at least $230 million. At one point, it was broken apart by waves and had to be repaired for $22 million.

end

UKRAINE/RUSSIA/USA//

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

GLOBAL ISSUES

MARK CRISPIN MILLER

PAUL ALEXANDER

Dr. Paul Marik is a superb brilliant soldier, I admire him greatly & this stack on mRNA TURBO cancer surging in young adults due to the Malone Bancel et al. mRNA gene vaccine & boosters is stunning;

LIONESS of JUDAH Ministry excellent substack, thank you; This trend, Dr. Marik claims, is on the rise in the United States, the UK, and Japan, particularly affecting individuals aged 14 to 44. Amy Mek

Dr. Paul AlexanderNov 4

READ IN APP

Marik told me after we both were on stage at an event and he heard me speak that if he was GAY he would date/marry me ha ha ha…I grew to know him, a great man, brilliant, most genuine of the COVID doctors etc. He is REAL. Most are fraud grifters.

‘This trend, Dr. Marik claims, is on the rise in the United States, the UK, and Japan, particularly affecting individuals aged 14 to 44.’ …suggested that a potential link exists between COVID-19 vaccinations—especially booster shots—and these unusually aggressive cancer cases.’

(100) Turbo Cancer Surge Sparks Alarm: Dr. Paul Marik Links Aggressive Cases in Young Adults to COVID ‘Vaccines’ and Boosters

In a recent broadcast, Fox News 45 Baltimore brought Dr. Paul Marik, a physician and outspoken figure in alternative cancer therapies, to discuss an alarming spike in aggressive cancer cases among young adults—what he terms “turbo cancer.”

This trend, Dr. Marik claims, is on the rise in the United States, the UK, and Japan, particularly affecting individuals aged 14 to 44. Dr. Marik, a co-founder and chief scientific officer of the Front Line COVID-19 Critical Care (FLCCC) Alliance, suggested that a potential link exists between COVID-19 vaccinations—especially booster shots—and these unusually aggressive cancer cases.

Rapid and Alarming Trend of “Turbo Cancer”

With a description as unsettling as it sounds, “turbo cancer” refers to advanced and aggressive cancers occurring at unprecedented rates among younger people, Dr. Marik explained. While cancer has typically been more common in older populations, he noted that physicians are now seeing a significant shift: not only is cancer striking younger individuals, but cases are often diagnosed at later stages and progress more rapidly than before.

“We’re seeing an explosion of cases among young people, with cancers presenting as advanced stage three or four,” Dr. Marik emphasized. “The rapid increase in cases of aggressive cancers within the age range of 14 to 44 has been deeply concerning.”

A Controversial Link: Vaccines and Cancer Risk

One of the more controversial aspects of Dr. Marik’s interview was his assertion of a potential association between COVID-19 vaccines and turbo cancer, particularly the booster doses. This angle has sparked fierce debate, as the correlation between vaccines and cancer remains highly contested and complex, requiring extensive research to substantiate such claims. Dr. Marik expressed concern over what he perceives as a possible shift in cancer characteristics following vaccination campaigns.

His statements have already led to heightened discussions across social media and online forums, with both support and criticism pouring in from viewers and the medical community alike.

Amazon Reinstates Marik’s Cancer Treatment Book

Dr. Marik’s interview also delved into the controversy surrounding his book on cancer treatment strategies. Initially banned by Amazon for what they deemed misleading information, the book has since been reinstated on the platform. Marik attributes its reinstatement to the robust clinical references supporting the recommendations, as the publication contains over 1,500 peer-reviewed citations.

Marik’s book emphasizes a combination of lifestyle changes, such as adopting a low-glycemic or ketogenic diet, avoiding highly processed foods, and reducing sugar intake to prevent cancer growth. He also advocates for the importance of vitamin D, which he claims has a scientifically supported role in reducing cancer risk.

Recommendations for Cancer Prevention and Treatment

Beyond traditional treatments, Dr. Marik encourages lifestyle and dietary modifications as part of cancer prevention. He advocates for reducing glucose intake and avoiding processed foods, explaining that these dietary changes are foundational in preventing metabolic disorders and insulin resistance, which are linked to cancer growth. For those already facing cancer, Marik’s treatment list includes repurposed drugs such as vitamin D, beta-blockers, melatonin, metformin, curcumin, and even ivermectin, arguing that clinical literature supports these alternative therapies.

“These suggestions aren’t just made up,” he remarked, asserting that they are grounded in high-quality, peer-reviewed scientific research.

A Divisive Spotlight on “Turbo Cancer”

Dr. Marik’s comments have added fuel to the ongoing debate about the COVID-19 vaccine’s long-term health implications, with “turbo cancer” becoming a viral topic across media platforms. His assertions have drawn interest from individuals wary of mainstream health protocols, while others in the scientific community caution against drawing conclusions without comprehensive evidence.’

END

Had we done NOTHING, ZERO lockdowns, no school closure, no mask mandate, no business closure, no COVID mRNA vaccine, far fewer people would have died in the last 4 years; our policies KILLED people,

not virus (or whatever was released); it is how we treated people in healthcare, how we abused vulnerable with isolation, dehydration, malnourishment, sedation, we KILLED them! many should be hanged!

Dr. Paul AlexanderNov 5

READ IN APP

END

COVID ‘fake’ pandemic virus did not kill most people! No, many died due to delayed treatment due to all beds blocked for COVID patients; but MOST deaths were due to medical treatment/abuse of people

It’s what we did to vulnerable people, sick people that killed them e.g. false COVID diagnosis, isolation, dehydration, malnourishment, sedation (midazolam/morphine/ketamine/lorazepam/propofol etc.), DNR, no antibiotics, kidney and liver toxic failed EBOLA drug Remdesivir, ventilation that caused ventilator associated pneumonia (VAP) and blew massive holes in lungs that were in trauma, even high-flow oxygen can damage and kill…the abuse inflicted on our elderly and parents etc. was monstrous by the medical system, hospitals, our criminal inept corrupt medical doctors.

Had we done NOTHING, just left all alone, we would have been far more successful because NOTHING worked, and made matters far worse!

COVID was 100% a lie, a fraud PCR process created fake NON-pandemic. OWS was a failure and deadly and so was the deadly Malone Bancel Bourla Pfizer Moderna et al. mRNA technology gene vaccine.

This was NEVER a pandemic! Never!

SLAY NEWS

The latest reports from Slay News

18-Year-Old Cricket Star Suffers Cardiac Arrest While Training: ‘Clinically Dead for 5 Minutes’18-year-old Australian cricket star Kade Sutton is lucky to be alive after suffering a sudden cardiac arrest while training.READ MORE

Missouri Lithium-Ion Battery Plant Destroyed by Massive ExplosionA massive explosive has completely destroyed a lithium-ion battery plant in Missouri, according to reports.READ MORE

Illegal Alien Arrested for Raping Four Children in New OrleansAn illegal alien has been arrested in Louisiana for assaulting four children, one as young as 4 years old.READ MORE

Kamala Harris Hints at Possible First Executive Action If She Wins ElectionDemocrat presidential candidate Kamala Harris has teased her first executive actions should she win Tuesday’s election.READ MORE

Legal Experts Predict Clarence Thomas Will Resign Under Trump PresidencyLegal experts are predicting that Justice Clarence Thomas will resign from the United States Supreme Court during President Donald Trump’s next presidency.READ MORE

Democrat ‘Squad’ Member Rashida Tlaib Snubs Kamala Harris EndorsementRadical Democrat “Squad” member Rep. Rashida Tlaib (D-MI) has refused to endorse her party’s presidential candidate Kamala Harris.READ MORE

Federal Judge Challenges DOJ’s Push to Uphold Jan 6 Obstruction ChargesA federal judge has ruled against efforts by the Biden-Harris administration’s Justice Department to preserve felony obstruction charges against participants of the January 6, 2021, Capitol protests.READ MORE

NBC Violated Federal ‘Equal Time’ Law with Kamala Harris’ SNL AppearanceNBC News has come under fire over allegations that the network violated federal law by giving airtime to Democrat presidential candidate Kamala Harris on “Saturday Night Live” (SNL) over the weekend.READ MORE

European Government Officials ‘Are Crafting Various Contingency Plans’ for Possible Trump VictoryGovernments around the world are now preparing for the possibility that President Donald Trump will win Tuesday’s presidential election and return to the White House.READ MORE

NEWS ADDICTS

LATEST REPORTS FOR NEWS JUNKIES

Fisherman Makes Disturbing Election Interference Discovery Near CreekMore than 200 voters were denied the chance to hear what a Republican House candidate had to say about her opponent after campaign mail pieces were dumped in a New York state creek in October.READ THE FULL REPORT

Joe Rogan Endorses Trump for Presidential ElectionJoe Rogan has endorsed Donald Trump in the 2024 election after sitting down with Elon Musk for a two-hour interview.READ THE FULL REPORT

WATCH: Elon Musk Sits Down with Joe Rogan on Election Day EveIf you’re looking for something interesting to watch on Election Day, then maybe Elon Musk sitting down with Joe Rogan today might do it for you.READ THE FULL REPORT

Kamala Harris Supporters Shocked by ‘Staffer’ Delivering ‘Illegal Aliens’ to Their HomesKamala Harris supporters across the country have been left rattled after receiving letters and postcards suggesting they will be “volunteering” to house migrant families. Now, video footage has emerged online showing their live reactions to potentially housing border crossers, and it is hilarious. Seth Meiring, a comedian originally from Delta, Ohio, posted the video to YouTube Sunday evening, and segments …READ THE FULL REPORT

Kamala Harris’s Interview Pulled After Bacon Comment Offends Muslim HostKamala Harris is so clueless that she managed to insult a Democrat voting block during an interview with a statement even a child knows is offensive.READ THE FULL REPORT

EVOL NEWS

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

END

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 TUESDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR:  1.0895 UP 0.0022

USA/ YEN 152.18 DOWN 0.091 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 1.2989 UP 0.0035

USA/CAN DOLLAR:  1.3882 DOWN 0.0019 (CDN DOLLAR UP 19 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED UP 76,78 PTS OR 2.32%

 Hang Seng CLOSED UP 6439.45 PTS OR 2.14%

AUSTRALIA CLOSED DOWN .42%

 // EUROPEAN BOURSE:     MOSTLY ALL MIXED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  MOSTLY ALL MIXED

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 439.45 PTS OR 2.14%

/SHANGHAI CLOSED UP 76.78 PTS OR 2.32%

AUSTRALIA BOURSE CLOSED DOWN .42%

(Nikkei (Japan) CLOSED UP 421.23 PTS OR 1.11%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2740.40

silver:$32.59

USA dollar index early TUESDAY  morning: 103.65 DOWN 14 BASIS POINTS FROM  MONDAY’s CLOSE.

TUESDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing  TUESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.863% UP 9 in basis point(s) yield

JAPANESE BOND YIELD: +0.929% DOWN 2 AND 6/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.111 UP 1 in basis points yield

ITALIAN 10 YR BOND YIELD 3.654 DOWN 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.4050 UP 1 BASIS PTS

END

IMPORTANT CURRENCY CLOSES :   TUESDAY  

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

Euro/USA 1.0904 UP .0031 OR 31 basis points

USA/Japan: 151.85 DOWN 0.402 OR YEN IS UP 102 BASIS PTS//

Great Britain 10 YR RATE 4.5390 UP 8 BASIS POINTS //

Canadian dollar UP .0042 OR 42 BASIS pts  to 1.3858

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY ON SHORE CLOSED DOWN 7.1027 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.1067)

TURKISH LIRA:  34.35 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +0.929

Your closing 10 yr US bond yield UP 1 in basis points from FRIDAY at  4.321% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.491 DOWN 1 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.189 UP 1  BASIS PTS.

GOLD AT 11;00 AM 2744.85

SILVER AT 11;00: 32.77

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

London: CLOSED DOWN 11.85 PTS OR 0.14%

German Dax :  CLOSED UP 108.42 OR 0.57%

Paris CAC CLOSED UP 35.44 PTS OR 0.68%

Spain IBEX CLOSED UP 34.10 OR 0.29%

Italian MIB: CLOSED DOWN 68.47 OR 0.20%

WTI Oil price  72.72 12 EST/

Brent Oil:  75.69 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  97.44 ROUBLE DOWN 1 AND  55/100      

GERMAN 10 YR BOND YIELD; +2.4050 DOWN 1 BASIS PTS.

UK 10 YR YIELD: 4.5390 UP 8 BASIS POINTS

CDN 10 YEAR RATE: 3.290 UP 6 BASIS PTS.

CDN 5 YEAR RATE: 3.098 UP 6

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0929 UP 0.0055 OR 55 BASIS POINTS

British Pound: 1.3026 UP 0.0071 OR 71 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.5720 UP 4 BASIS PTS//

JAPAN 10 YR YIELD: 0.929

USA dollar vs Japanese Yen: 151.43 DOWN 0.864 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.3839 DOWN 0.0061 CDN dollar UP 61 BASIS PTS

West Texas intermediate oil: 72.73

Brent OIL:  75.65

USA 10 yr bond yield DOWN 2 BASIS pts to 4,284

USA 30 yr bond yield DOWN 5 BASIS PTS to 4.445%

USA 2 YR BOND: UP 2 PTS AT  4.199

CDN 10 YR RATE 3.274 DOWN 0 BASIS PTS

CDN 5 YEAR RATE: 3.100 UP 3 BASIS PTS

USA dollar index: 104.45 DOWN 45 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.30 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  97.79 UP 1 AND  60/100 roubles

GOLD  2,741,70 3:30 PM

SILVER: 32.60 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 427.74 PTS OR 1.02%

NASDAQ UP 263.86 PTS OR 1.32%

VOLATILITY INDEX: 20.77 DOWN 1,21 PTS OR 0.55%

GLD: $253.40 UP 0.57 OR 0.23%

SLV/ $29.75 UP 0.12 OR 0.40%

TORONTO STOCK INDEX// TSX INDEX: UP 109.60 PTS OR 0.45%

end

USA AFFAIRS

USA TRADING TODAY IN GRAPH FORM

Election Day Exuberance Sparks ‘Buy All The Things’ Theme

by Tyler Durden

Tuesday, Nov 05, 2024 – 04:00 PM

Stocks up, Bonds (prices) up, Gold up, Bitcoin up, Crude up… VIX & Dollar down… as ISM Services soars on Election Day.

All the majors were green on the day with a squeeze in Small Caps leading the way…

Traders should not be surprised – we haven’t had a down-day on election day for the S&P 500 since 2000:

11/3/2020 +1.78% ELECTION DAY
11/4/2020 +2.20%

11/8/2016 +0.37% ELECTION DAY
11/9/2016 +1.11%

11/6/2012 +0.79% ELECTION DAY
11/7/2012 -2.37%

11/4/2008 +4.08% ELECTION DAY
11/5/2008 -5.27%

11/2/2004 +0.01% ELECTION DAY
11/3/2004 +1.12%

11/7/2000 -0.02% ELECTION DAY
11/8/2000 -1.58%

11/5/1996 +1.05% ELECTION DAY
11/6/1996 +1.46%

11/3/1992 -0.67% ELECTION DAY
11/4/1992 -0.67%

The Trump Trade saw another very small profit-taking day today as PolyMarket odds increased…

Source: Bloomberg

NVDA overtook AAPL once again to become the world’s largest market cap company…

Source: Bloomberg

VIX was slammed lower as the inverted curve starts to unwind into ‘less uncertainty’ (don’t forget FOMC Thursday)…

But the vol term structure has a long way to fall from its extreme inversion as we await Thursday…

Source: Bloomberg

“Most Shorted” stocks were a one-way street of squeeze today…

Source: Bloomberg

BUT there was one stock that was wild today: DJT

Treasury yields were all over the place, hurt early on by knock-on effects from a terrible auction in Gilts, then strong ISM Services pushed yields higher still only to see a strong 10Y auction slam yields back lower (and when DJT started to crack, so did bond yields)…

Source: Bloomberg

Only the 2Y yield remains higher post-payrolls…

Source: Bloomberg

Bitcoin, bond yields, and DJT all dumped at the same time (around 1430ET)…

Source: Bloomberg

The dollar dived once again, back to three-week lows…

Source: Bloomberg

Despite the intraday volatility elsewhere, gold continued to tread water around $2740…

Source: Bloomberg

Bitcoin was a bit chaotic today, ripping back above $70,000 only to get slammed lower as DJT and bond yields slipped…

Source: Bloomberg

Crude traded wild today. Strong open was hit by Israeli HLs (Gallant fired), but then the machines realized that Gallant was the less war-hawky one…

Source: Bloomberg

Finally, with the election almost over, traders wil turn to Thursday’s shenanigans with The Fed…

Source: Bloomberg

Today saw rate cut expectations slump again (50-50 chance of 1 or 2 cuts in 2024 and 50-50 chance of 2 or 3 cuts more in 2025).

MORNING TRADING

AFTERNOON TRADING///

II USA DATA

III USA ECONOMIC NEWS\\

Amish who never vote, decided to vote this time and all voted for Trump. This should have a huge impact in Pennsylvania

(zerohedge)

“You Know It’s Serious When Amish Get Involved”

Tuesday, Nov 05, 2024 – 03:45 PM

As Pennsylvania’s polls near closing, an unexpected twist has emerged: a massive mobilization of Amish voters. Known for their separation from mainstream society and reliance on traditional values, such as horse-and-buggy transportation (arguably more ‘green’ than EVs), these folks, traditionally not big participators in US politics, have been out in force at PA polling stations, voting for former President Trump after Biden-Harris’ big gov’t waged war on the community.

Let’s begin with the context. Earlier this year, the Pennsylvania Department of Agriculture and big government Democrats targeted a small Amish farmer in Lancaster over compliance issues. This apparently infuriated the Amish community that many of them registered to vote and voted red in the last several days.

https://twitter.com/zerohedge/status/1743477521209860376

Real America’s Voice’s Tera Dahl was speaking at a Trump rally in Pennsylvania on Monday, and she explained that the Amish community is not a traditional group of voters in US elections.

“But they’re voting this year – and I think a big reason is the overreach of government – and one example that could’ve had a big impact was back in January. An Amish farmer was selling his milk – and the gov’t raided his home and stopped his business,” she said. 

https://twitter.com/i/status/1853506292943556786

An Amish person was asked outside one PA polling station: “Who are you voting for?”

He responded, “Donald Trump.” He explained that the Amish had “more freedoms under Trump,” while government overreach drastically increased under Biden-Harris. 

https://twitter.com/i/status/1853849588798722545

US Rep. Lloyd Smucker, R-Pa., whose district includes Lancaster County, at the epicenter of America’s Amish population, told PBS News last week, “They just want government to stay not only out of their businesses but out of their religion.” 

With family roots deep in the Amish community, Smucker forecasted a dramatic increase in the Amish vote, “basing that on the enthusiasm we see.”

Losing Power? The Elites And The Leftist Mob Would Rather Burn It All To The Ground

Monday, Nov 04, 2024 – 08:05 PM

Authored by Brandon Smith via Alt-Market.us,

It’s been a long time since we’ve seen a significant positive evolution within American society. In the early days of the Ron Paul movement I remember the hopeful groundswell of support for a new conservative epoch that adopted a little Libertarianism and a recognition that most “conspiracy theories” are actually conspiracy realities. It was the kind of catalyst that was needed to break the long running false paradigm of Neo-Cons vs Democrats; it was the beginning of the conservative rebellion we see happening today.

How do I know things have changed? For one, Neo-Cons are almost universally hated by real conservatives. So much so that it has forced those politicians to show their true colors and come out in favor of Democrat/globalist candidates like Joe Biden and Kamala Harris. The mask is truly off and the act is over. You’re not going to see people like Mitt Romney, Liz Cheney or Lindsay Graham taken very seriously by anyone anymore.

The return to a true conservative philosophy has been initiated and this time it doesn’t look like it will be snuffed out like the Barry Goldwater era of the early 1960s. The concept of limited government, an end to debt spending, sound money, the removal of elitist NGOs from political influence, a hard-line stance against globalism, legit border security, meritocracy, a rejection of progressive deconstruction and moral relativism, all of these things are prime conservative principles.

Such ideas have been treated as “archaic” and “barbaric” for decades because they threaten the structures that keep the establishment elites in power. Today, they are making a comeback.

Some will say that it’s all because of Donald Trump, but this is not the case. This movement was growing into a Juggernaut long before Trump, though he is certainly riding the wave as it comes to fruition. The question is, will Trump do it justice if he gets the gold this week?    I predicted a Trump win in 2016 for months leading up to the election despite the army of naysayers (I also predict he will win in 2024).  But, for me, his first term left a lot to be desired; the biggest problem being the elitist creepers filling his cabinet.

But hey, at least he wasn’t promoting transsexual procedures for children or trying to start World War III with Russia like the Democrats have been doing.  I’ll also admit that Trump’s coalition of allies is looking FAR better this time around. Talk of Ron Paul joining the team is surprising and gives me some hope.

During the Ron Paul movement in 2012 I was once invited to a conservative dinner with some liberty bigwigs at the time (most of them are long out of the picture now, either retired or dead) and some were arguing about the presidential election. The position was presented that voting for Romney over Ron Paul would at least get Obama out of the White House. Others suggested that this was simply choosing the lesser of two evils.

I and others argued that there was no lesser evil. They were both equally demonic. One man in the group said “Well Jesus isn’t running for office.”

I doubt that man would defend Mitt Romney today. That said, I don’t view the election of 2024 the same way I did in 2012. Jesus isn’t running, that’s for certain, but the Devil definitely is in the form of the extreme political left. They are evil incarnate. Maybe Trump turns out to be a disappointment, but he’s no devil.  And if he doesn’t follow through on his campaign promises then conservative can hold him accountable and it won’t be treated as an insurrection, just a correction.

There’s already millions of conservatives putting the candidate under a microscope and we don’t function the way Democrats do. The party is meaningless to us, it’s the policies and the follow through that matter. You can’t mention Trump around a group of conservatives without half of them noting his shortcomings. His mistakes are tallied regularly by the very people who originally voted for him.

Leftists don’t dare do that within their own circles. They don’t care about policy, they only care about power.

No conservative is going to change his or her mind about securing the border, deporting the illegals, shrinking government, ending American participation in the Ukraine War and ending the transing of kids on a federal level (to start with). These things are going to happen eventually with or without Trump.

And I can’t help but notice how much the establishment seems to be breaking down in a panic over the idea of a new conservative renaissance. I don’t think I’ve ever seen the new world order elites look as worried and despondent as they do right now.  (I’m thinking specifically of Lynn de Rothchild at the beginning of this year pouting over the public exposure of ESG and talking about how the globalists would have to abandon it in favor of a more discreet program. Or, John Kerry this month at the climate talks in New York bitterly admonishing free speech on the web and how it was sabotaging the globalist agenda).

When was the last time you saw WEF globalists taking center stage in the media? What happened to the Council For Inclusive Capitalism? ESG controls and lending have been crushed. DEI is quickly dying, as it should. Gen Z men are reportedly the most conservative group of young men in generations. There is a sea change happening right now, and if you’ve been paying attention from within the alternative sphere for a decade or more then you have probably noticed it.

This is not a momentary flash of cultural awareness. This is a permanent societal shift. Unfortunately, when this sort of thing happens engineered calamity usually follows.

Globalists and their leftist puppets can’t conceive of losing. They can’t fathom the idea that their ideology is failing and that the public isn’t buying what they’re selling. They will council themselves and suggest that the populace is simply “too stupid” to understand the necessity of the globalist vision. They’ll say that the rise of the conservative right is a “great step backwards” and a “dark age”. They’ll claim that this will lead to an epic disaster on a planetary scale.

Then…those same people take action to CREATE that disaster.

My original prediction for 2024 was that another presidential election would not happen; that there would be an event that disrupts the election and sends the country into chaos. We almost had that happen with two separate assassination attempts on Donald Trump. However, by sheer luck it appears that I was wrong and the election is moving forward.  What does this mean for the future?

I think most of us in the alternative economic field understand well that if Trump reenters the White House the complex manipulation of financial data and jobs data by the Biden/Harris Administration will suddenly end. Meaning, the real data will come out, it will look very bad, and the media will immediately accuse Trump and conservatives of destroying the economy.

On top of that, conservatives will be inheriting two separate proxy wars from Democrats – The war with Russia through Ukraine and the war with Iran through Israel. Both of these scenarios have the potential to escalate into a world war. I would argue that at this point a world war is inevitable (the first stage has already begun) and Trump will not be able to keep America out of it even if he wants to. Too many dominoes have been set in motion.

Then you have the potential domestic fallout from a Trump win with leftists rioting across the country (as soon as the weather warms up enough enough for their dainty little hands to throw bricks and Molotovs). The goal of the leftist mob is to force conservatives to act like the very “fascists” the activists accuse us of being. Of course, if that happened they would be dead, but they will have destroyed the conservative moral ideal in the process.

These are the kinds of people we’re dealing with. They aren’t going to sit back and let us prove the country can function far better without progressive influence and woke social engineering. They would rather burn the whole thing to the ground first.

My point is, always be on guard in the moments when you think you’re winning. That’s when the people that mean you harm will be most angry, when they will be most unhinged, and when they will be most inclined to strike.

*  *  *

If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

END

VIRGINIA

I have now seen everything; MS 13 gang member infiltrates a school

(Syrna)

Illegal Alien Gangs Taking Root In Our Schools

Tuesday, Nov 05, 2024 – 09:45 AM

Authored by Pawel Styrna via the Federation for American Immigration Reform,

The harmful impact of mass illegal migration is felt in every state and at every level of society, from the national to the most local. Rather than attempting to solve or at least acknowledge the problem, pro-open-borders officials prefer to silence criticism. Parents in Northern Virginia’s Loudoun County saw a demonstration of this reality earlier in October. The county school board chose to shut down public discussion about an alleged illegal alien MS-13 gang member in the county’s school system.

For mass-illegal-migration apologists on the school board, the real problem is not that illegal immigration is bringing gangs and crime into our classrooms, but that Americans notice it and dare speak out against it.

On October 8, Loudoun County parents were raising concerns about the presence of an (unnamed) alleged illegal alien student who is also an alleged member of the brutal Central American gang, MS-13. According to ABC 7 News, the student “now attends Loudoun Valley High School despite being caught carrying a gun in May 2023 and making the threat to kill a Blue Ridge Middle School student.” Several parents spoke, with one asking “Where’s the protection and the safety for our children who are in school with other children who have [made] known threats, who have been arrested, and who are back in the school, and my daughter is terrified to go to school with him [?].”

In each case, Loudoun County School Board Chair Melinda Mansfield cut the concerned parents off, her only concern being that the Loudoun County residents might potentially reveal personal information about the alleged illegal alien gang member. Eventually, Mansfield closed the public comment portion of the meeting. (More recently, the parents responded by suing LCSB for violating their First Amendment rights.)

The problem of alien gang members in schools is by no means limited to one alleged gang member in one county. Back in September, in Harford and Baltimore Counties, Maryland, Fox 45 broke a story about an MS-13 gang member and murder suspect being allowed to enroll in not just one, but two public high schools, sparking outrage among parents who were kept in the dark about such a dangerous individual attending school along with their children. In fact, MS-13 has been a threatening presence throughout the Maryland and Virginia counties and suburbs surrounding the nation’s capital for the past decade due to mass illegal migration from MS-13’s countries of origin.

What is a more recent feature of Biden-Harris-era mass migration is the arrival of the no less brutal and violent Venezuelan gang Tren de Aragua on American soil. Having taken over residential properties in Aurora, Colorado, and more recently a complex in San Antonio, Texas, they now appear interested in taking over schools. In early October, police in Texas arrested 32-year-old Jorgenys Robertson Cova for recruiting middle school children in the Houston area to join Tren de Aragua. The Venezuelan illegal alien had arrived in the U.S. two years ago and managed to rack up a record that included a series of thefts. Cova was scheduled to attend an asylum hearing on the day of his arrest. This routine abuse of humanitarian asylum and refugee law has been another major driver of illegal immigration, resulting in these associated pathologies.

The case of our public schools demonstrates the degree to which mass illegal migration and all its problems affects Americans at a personal, local, and direct – not just abstract or theoretical – level. In addition to much-needed school resources being diverted to the costly education of the children of illegal aliens, our schoolchildren also find themselves forced to attend school with migrant children carrying such potentially infectious and deadly illnesses as latent tuberculosis. And, if that were not enough, illegal alien gang members are either attending our schools or attempting to recruit new members in them. This situation poses a real physical threat to school staff and students and is not acceptable. Our children deserve better.

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

iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

end

END

FREIGHT ISSUES/USA/

END

VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

VDH

From ‘Clingers’ To ‘Garbage’ – Why The 16 Years Of Vilification?

Monday, Nov 04, 2024 – 05:00 PM

Authored by Victor Davis Hanson via American Greatness,

Who actually are the “garbage” people?

Are they one and the same with Joe Biden’s “semi-fascists,” “chumps,” and “dregs of society?”

Or Barack Obama’s “clingers?”

Do they include Hillary Clinton’s “deplorables” and “irredeemables?”

Are they FBI grandee Peter Strzok’s Walmart shoppers who “smell?”

Over the last decade-and-a-half, Barack Obama, Hillary Clinton, Joe Biden, Harris-Walz, and a host of other self-described elites have variously invented a wide range of smears and slurs—but about whom exactly?

Who are these people that leftwing politicians have so vehemently derided—and why?

They include Trump supporters, of course, or what Biden also dubbed “ultra-MAGAs” and Tim Walz called “fascists,” now without the prior qualifying prefix “semi.”

In general, these adjectives of disdain denote about half the country according to the results of what will soon be the last three presidential elections.

This half is more rural than urban, characterized by larger than smaller families, more high-schooled diplomaed than college degreed, and more conventional and traditional than vanguard and trend-setting.

Statisticians tell us that the new non-clinging Democratic Party finds its greatest support from those who earn less than $50,000 and those who make considerably more than $100,000. These are the rich/poor bookends that surround the reformed Republican party in between.

So, in terms of generalized income and earnings, the left is now the party of the well-to-do professional and credential class and the rich, along with the subsidized poor. The Republicans, by contrast, are increasingly represented by the middle classes.

The Democratic top dogs are most likely to embrace agendas that never garner 51 percent of public support—vast reductions in gas and oil to lessen “climate change,” open borders to welcome in the world’s needy, the government promotion of a third, transgendered sex, abortion on demand without restrictions, the reifications of various critical (race/legal/penal/modern monetary) “theories,” and radical changes in the current system (ending the Senate filibuster, the Electoral College, the nine-justice Supreme Court, the 50-state union, etc.).

Two truisms stand out about the elite boutique agenda: one, when these theories are implemented – often by the courts, and the permanent and unelected administrative and bureaucratic state – the architects of such experimentation do not really feel the inevitable deleterious consequences.

Joe Biden and Kamala Harris, the Silicon Valley masters of the universe, the professors of law, the corporate CEOs, and the Bill Gates of the world really don’t care much whether gas is at $3 a gallon or $6, or Romex wire is $39 a spool or $150.

Illegal aliens do not go to their children’s schools or crowd the offices of their concierge cardiologists and oncologists, much less dump trash on their streets and curbs.

They are strong supporters of teachers’ unions, despising the very idea of charter schools and homeschooling. And yet they send their children more often to private schools where students are not the lab rats of the public school system.

Their ideology is the fruit of their privilege and so is often more utopian and abstract. Given that if it results in economic, social, and cultural damage to millions, they will certainly avoid the ensuing flotsam and jetsam.

The fallout from defunding the police falls upon the inner city, not the privately patrolled Presidio Heights or the secluded sorts in Martha’s Vineyard.

Given their income and status, the new Democratic credentialed and moneyed classes do not care about the struggle of others to live one more day, clinging to the middle-class vestiges of their parents’ era. Instead, for the anointed who have transcended the fear of not filling up their tank or coming up short on monthly rent and power bills, it is not hard to mandate job-killing EVs or to chuckle over biological boys in girls’ locker rooms and pride flags flying from the abandoned American embassy in Kabul.

By the same token, the poor count on the left’s largesse to cushion themselves from the damage of their own party’s dreams turned into nightmares. Various food, housing, medical, legal, and educational subsidies to the poor are testaments that the left’s own agendas stagnant upward mobility and confine the poor to permanent poverty.

In a cynical sense, left-wing elites square the circle of the guilt over their privilege through government subsidies for those whom they’d rather not necessarily live next to or have their children attend school with. In other words, they find them useful rather than empathetic. They welcome in millions of illegal aliens—as long as they don’t camp out at Yale, the Hamptons, or Malibu Beach.

Not so the struggling middle classes. Modern theories can result in hyperinflation that can ruin them or easily send them into the ranks of the government-subsidized poor. They are conservative in wanting a secure border, legal-only immigration, affordable food and energy, safe streets, and equality of opportunity rather than of result, because they have no margin of error, lacking the wherewithal of secure home zip codes, or the perks of gargantuan grocery bills at Whole Foods, or a new foreign car every two years.

Such conservatism is reflected in the worldview of the clingers and irredeemables. They accept not cosmopolitism but 2,500 years of nationhood that remind them there can be no nation without borders.

There can be no modern comforts and security without access to affordable food and energy. There can be no public society without safe streets—and indeed, not even public places without sanitation and common decency.

So, the great middle class is wary about falling at the hands of others into government dependency and even more fearful of destroying what has worked over the ages. They resist experimenting with the unknown, especially when thought up and designed by those who will easily ride out the ensuing disasters when such harebrained schemes inevitably fail.

These chumps, fascists, and garbage people know that their advantages in numbers are outweighed by the Eloi’s absorption of institutional and government power. So, in depression, they often shrug and drop out. They assume wisely that the network news, the New York Times and Washington Post, Hollywood, and the corporate boardroom are mere extensions of the utopian and cultural left, who despise them for ignoring their supposed betters.

They pass on watching the Emmys, Oscars, Tonys, and Grammys. They are deaf to the top-down sermons from an Al Gore, John Kerry, the Clintons, the Obamas, or Joe Biden, which assume the grubby majority is either too ignorant or amoral or both to know what is good for them and so must be shamed, smeared, and slurred rather than won over by argumentations and persuasion. Is not the 2024 election about just that—the haughty who sermonize and those weary of being lectured?

The dregs could care less who is president of Harvard or how many letters and titles follow a professional’s name—except to confirm to themselves when watching or hearing such people that our elites increasingly have neither common sense nor integrity. A high school history teacher could have answered congressional questioning on race, anti-Semitism, and bias far more effectively and adroitly than a deer-in-the-headlights, clueless Harvard president Claudine Gay.

Yes, the semi-fascists are lectured that they are racist, sexist, and xenophobic. They are damned by the credentialed as “white privileged” who “rage,” as they dutifully go off to Iraq and Afghanistan to die in combat at double their numbers in our demographics.

They are advised of their toxic illiberality and bigotry, even as their children lack the race, gender, and ethnicity advantage accorded to the so-called Other and the inside edge that money, influence, and status provide for the elite.

What has recently brought this great divide to a head and exposed the fury of the elite is resurgent anger at the newfound impudence of the deplorable class, or the notion that they would dare call the dishonest media the “fake news” or suggest that “fit-as-fiddle,” “smart-as-a-tack,” cognitively challenged Joe Biden is the proverbial emperor with no clothes.

Who are these arrogant who pack the 20,000 seats of Madison Square Garden even after the good people have warned that they were mindlessly reenacting Leni Riefenstahl’s Triumph of the Will?

The left believes that either racial victimization or money should guarantee privilege and so despises those qualifying for neither. In the elite’s view, the working class so often lacks the romance of the poor and non-white, but worse still, the culture and pretensions of the progressive Übermenschen.

Finally, the unspoken irony of this divide is that the self-professed elite know that they are not the elite by any definable standard or meritocracy. Yale gives a higher percentage of A’s on spec to its students than do trade schools and junior colleges.

Today’s supposedly brilliant Columbia student would likely struggle to earn an objectively graded C on a state college’s standardized, multi-choice history exam.

Those who run the Washington Post or NPR are less competent, worldly, and knowledgeable than the chumpy and dregsy sexagenarian who publishes a small town’s weekly newspaper.

The average salesman and electrician can far better spot fraud and deceit than an Anthony Fauci or Peter Daszak. And the tractor driver is more likely not to lie under oath than a John Brennan, James Clapper, or Andrew McCabe. The lineman working with high voltage is far more likely to err on the side of safety with the lives of others than the executives of Pfizer or Moderna.

In a wider sense, the deplorable class believes it can still build reliable pipelines, frack, truck our nation’s goods, and clean up after a hurricane. But it has utterly lost confidence that the best and the brightest at the Pentagon can win a war, at Boeing can craft a safe jet, or at NASA can send astronauts safely into space and back in the fashion of their grandfathers more than half a century ago.

This election is about many things—left/right issues, of course, and the peculiar personalities of Trump and Harris perhaps.

But it will likely be defined by those who are not just tired of being smeared as the underbelly of America but, far more unforgivably, are beginning to enjoy and mock the disparagement from those who have never earned the right to smear anyone but themselves.

KING REPORT

The King Report November 5, 2024 Issue 7363

Independent View of the News

In early US trading on Monday, energy commodities soared; bonds rallied smartly; and stocks declined on reports that Iran was about to hit Israel with greater force and larger missiles than what they launched in the previous attack.   Fangs got slammed in early NYSE trading; but Nvidia rallied sharply.  With Fangs out of favor, Nvidia is the island of comfort for bulls.  As we have noted, Nvidia will remain the refuge of traders until it reports results on November 20.   ESZs traded sharply lower when the Nikkei opened but quickly commenced a relentless rally that took ESZs to 5776.50 at 1:45 ET.  ESZs then methodically declined to 5738.50 at 9:34 ET.  The usual suspects eagerly bought the opening NYSE decline.  ESZs then rallied to 5771.50 at 10:23 ET.  Organic selling appeared; ESZs tumbled to a daily low of 5724.25 at 12:08 ET.  A Noon Balloon took ESZs to 5754.25 at 12:50 ET.  After a drop to 5737.75 at 13:08 ET, the afternoon rally took ESZs to 5758.75 at 13:43 ET.   ESZs did a slow rollover until they broke lower after 15:00 ET.  ESZs fell to 5737.50 at 15:36 ET.  The late manipulation took ESZs to 5745.25 at 16:00 ET.   Positive aspects of previous session The campaigning and ads for the US General Election are over. Bonds rallied sharply early.   Negative aspects of previous session Gasoline and oil soared. USZs hit a peak of 118 10/32 at 10:16 ET and then sank to 117 12/32 at 13:15 Stocks and ESZs sank during the final morning hour and final hour of NYSE trading.   Ambiguous aspects of previous session When will the results of the General Election appear?   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]: 5716.88 Previous session S&P 500 Index High/Low: 5741.43; 5696.51   Biden spent billions to delay Medicare premiums spike, protect Harris campaign before election Senior groups warn that Biden budget gimmickry means “taxpayers are footing the bill today, seniors will pay the price tomorrow.” https://justthenews.com/politics-policy/elections/biden-harris-administration-spent-big-tamp-down-medicare-prices-right   @Jkylebass: One important piece of data as we head into the U.S. election…polling response rates are approaching 1% in 2024 (with a selection bias that’s significant). Polling response rates in 2012, 2016, and 2020 were approximately 9%, 8%, and 6% respectively.   Today is the US General Election and the start of a 2-day FOMC Meeting.  Normally stocks rally for Fed Week and peak on Fed Day or the ensuing session.  On election day, barring news, the morning is usually listless.  Afternoon trading can be impacted by rumors about exit polling.  Don’t play unless you must!   ESZs -6.75; NQZs are -30.50; and USZs are +5/32 at 20:30 ET.    Expected econ data: Sept Trade Balance -$84.1B; Oct ISM Services Index 53.8   S&P Index 50-day MA: 5703; 100-day MA: 5596; 150-day MA: 5464; 200-day MA: 5364 DJIA 50-day MA: 41,950; 100-day MA: 40,888; 150-day MA: 40,172; 200-day MA: 39,830 (Green is positive slope; Red is negative slope)   S&P 500 Index (5828.80 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5112.80 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5509.91 triggers a sell signal Daily: Trender and MACD are negative – a close above 5846.25 triggers a buy signal Hourly: Trender is negative; MACD is positive– a close above 5771.35 triggers a buy signal   @WesternLensman: MSNBC’S Claire McCaskill pathetically attempts to insult @elonmusk: “He thinks because he can do rockets and electric cars, that he can figure out how to get people to vote.”…     “I think it’s really scary territory. You know, we have some billionaires in this country. And if you look at the top ten donors to Donald Trump, they’ve given over $1 billion to just the top five. Yeah. I mean, and that was not counting how much more Musk has spent. Musk is in Pennsylvania. He thinks because he can do rockets and electric cars, that he can figure out how to get people to vote.”… https://x.com/WesternLensman/status/1853255621543436458     @elonmusk: Funny that she has never said a word about Soros, who has cumulatively put a hundred times more money into elections than I have.  If I can figure out rocket science with SpaceX and surgery with Neuralink, then maybe I can figure out politics too.   NBC Gives Donald Trump Campaign Time During NASCAR Race in Response to Kamala Harris’ ‘SNL’ Appearance – Trump appeared in an extended spot during Sunday’s NASCAR coverage on NBC, speaking directly to the camera and saying electing Harris would cause a “depression.” https://www.hollywoodreporter.com/tv/tv-news/nbc-donald-trump-campaign-free-ad-time-nascar-race-kamala-harris-snl-sketch-1236052709/   @kylenabecker: NBC is *FORCED* to air Trump campaign ad to make up for Kamala Harris’ SNL skit. “We have to straighten out our country. We have to close our borders. We have to lower our taxes. We have to get rid of inflation. And we’re going to do it.”  The Trump ad aired during a NASCAR show and SNF (Sunday Night Football). https://x.com/kylenabecker/status/1853307256294486499   Kamala Campaign Mocked over Profanity-Laden, Bleeped Out Every Other Word, GloRilla Rap Performance at Milwaukee Rally https://t.co/Br4EJDmGUL   Harris didn’t mention Trump’s name during rally (on Sunday) for first time as candidate https://www.foxnews.com/politics/harris-didnt-mention-trumps-name-during-rally-first-time-candidate   @JackPosobiec on Monday: Kamala bussed people in and couldn’t even fill up a school gym in Allentown PA.  https://x.com/JackPosobiec/status/1853532900811243821   @GuntherEagleman on Monday: Kamala tried to get her (small) crowd to chant, and NOBODY did. https://x.com/GuntherEagleman/status/1853519933457457310   @greg_price11: Kamala Harris did an interview with Subway Takes that was never released because she literally sounded too stupid.  https://www.nytimes.com/2024/11/04/arts/kareem-rahma-subway-takes.html   @MattWolking: This story is so cringe… Kamala Harris filmed an interview for “Subway Takes,” but it never aired. Why? Her campaign pre-approved the topics, rejecting a question the Muslim host, Rahma, wanted to ask about Gaza. He interviewed her anyway, but the take she delivered was that “bacon is a spice.” Offended, he paused the interview and asked her to give a different take.    “On the advice of a staffer, Harris decides to declare her love of anchovies on pizza.” Rahma ended the interview there. “They made it worse by talking about anchovies,” said Rahma. “Boring!” https://nytimes.com/2024/11/04/art     This story has it all: The Harris campaign controlling her nontraditional interviews by telling the hosts what they can’t ask. Harris, the most inauthentic candidate ever, relying on her staff to tell her what her opinion should be — even when it comes to pizza toppings. Harris being super cringe by singing the praises of bacon to a Muslim.   Harris botched interview with Muslim influencer by celebrating ‘bacon’ as ‘a spice’ https://trib.al/8zy4lJl   Fired CBS reporter Catherine Herridge reveals how network killed Hunter Biden story: ‘I felt sick’ Herridge revealed she brought evidence to CBS News executive Ingrid Ciprian-Matthews and “CBS Evening News” anchor Norah O’Donnell in early October 2020 that the laptop contained material about “a million dollar retainer from a Chinese energy firm,” along with business texts and emails from the son of Democratic challenger Joe Biden. But later that month, Herridge wrote that she was shocked to see “60 Minutes” correspondent Lesley Stahl say the laptop “couldn’t be verified” during a tense interview with then-President Donald Trump…But her reporting was never aired… https://trib.al/xgssC23   Pelosi loses own train of thought as she accuses Trump of ‘cognitive decline’ https://t.co/VzaIM1vjRO   @Mostofsky: Friend of mine told me this election has really ripped his family apart.  They are big Trump supporters. He finds out his mother-in-law voted for Harris.  He told his wife he’s putting his foot down. They no longer can visit her grave.

SWAMP STORIES FOR YOU TONIGHT\

GREG HUNTER

SEE YOU WEDNESDAY