GOLD PRICE CLOSED DOWN $11.40 TO $2600.10

SILVER PRICE UP $0.16 TO $30.70

Gold ACCESS CLOSED $2599.60

Silver ACCESS CLOSED: $30.79

Bitcoin morning price:$86,799 DOWN 120 DOLLARS.

Bitcoin: afternoon price: $89,209 UP 2290 DOLLARS

Platinum price closing DOWN $16.65 TO $947,45

Palladium price; DOWN $31.15 TO $948.35

END

*CANADIAN GOLD: $3623.84 DOWN 28.78 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)

*BRITISH GOLD: 2038.82 UP 6.91 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2148.36 BRITISH POUNDS/OZ) OCT 30/2024

*EURO GOLD: 2,446.28 DOWN 14.42 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: 2,611.200000000 USD
INTENT DATE: 11/11/2024 DELIVERY DATE: 11/13/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

190 H BMO CAPITAL 7
363 H WELLS FARGO SEC 3
661 C JP MORGAN 1
737 C ADVANTAGE 3
905 C ADM 8

---

TOTAL: 11 11

JPMorgan stopped 1/11

GOLD: NUMBER OF NOTICES FILED FOR NOV/2024. CONTRACT: 11 NOTICES FOR 1100 OZ  0.0342 TONNES

total notices so far: 2548 contracts for 254,800 Oz (7.925 tonnes)

FOR  NOV

SILVER NOTICES: 37 NOTICE(S) FILED FOR 185,000 MILLION OZ/

total number of notices filed so far this month : 870 for 4.350 million oz

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GLD/

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

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

WITH GOLD DOWN $11.10 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.88 TONNES OF GOLD FROM THE GLD./

/ /INVENTORY RESTS AT 871.97 TONNES

INVENTORY RESTS AT 871.97 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.16 AT THE SLV

SMALL CHANGES IN SILVER INVENTORY OUT OF THE SLV: A WITHDRAWAL OF 569,000 OZ INTO THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 476.431 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI SURPRISINGLY ROSE BY A GOOD SIZED 422 CONTRACTS TO 147,699 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS FAIR SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUGE LOSS OF $0.79 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONDAY’S TRADING. WE HAD A HUGE GAIN OF 1132 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS OF $0.79  IN PRICE. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON MONDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S CONTINUAL PRICE RISE FOR THE PAST 2 WEEKS. THEY HAD CONSIDERABLE SUCCESS MONDAY AND TODAY/. WE HAD ATTEMPTED SHORT COVERING BY OUR SPECS DURING THE COMEX TIME ZONE MONDAY BUT TO NO AVAIL..  WE HAD A   HUGE 710 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A MEGA HUMONGOUS 3953 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART DURING RAIDS TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A STRONG 1132 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS IN PRICE. WE HAD MAJOR TAS LIQUIDATION THROUGHOUT MONDAY AND TUESDAY’S COMEX SESSIONS.

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 YERSTERDAY AND AGAIN TODAY. 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 3953 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 TODAY. 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 $0.79) BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD A NET GAIN OF 1024 CONTRACTS ON OUR TWO EXCHANGES. 

WE HAD A  HUGE 710 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 175,000 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 4.535 MILLION OZ

// STANDING FOR SILVER//NOV AT 4.535 MILLION OZ

WE HAD:

/ GOOD SIZED COMEX OI GAIN//HUGE SIZED EFP ISSUANCE/ VI) MEGA HUMONGOUS SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 3953 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED A HUGE 108 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 8 DAYS, total 11,640 contracts:   OR 58.200 MILLION OZ  (1455 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  58.200 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. 58.200 MILLION OZ (WILL BE HUGE THIS MONTH)

RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 422  CONTRACTS DESPITE OUR LOSS OF $0.79 IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE  CONTRACTS: 710 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 175,000 OZ QUEUE JUMP

//NEW TOTAL STANDING FOR NOV AT 4.565 MILLION OZ 

WE HAVE A HUGE SIZED GAIN OF 1132 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN  PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUMONGOUS SIZED 3953 CONTRACTS ( WILL BE USED FOR TUESDAY’S /RAID),//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION THUS THE NEED FOR REPLENISHMENT AND THAT IS WHAT THEY DID IN A BIG WAY!!

/ ZERO NET SHORT COVERING FROM OUR SPEC SHORTS DESPITE 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   (3953) 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 37 NOTICE(S) FILED TODAY FOR 0.185 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 VERY STRONG SIZED 12,168 OI CONTRACTS  TO 540,538 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 502 CONTRACTS//

WE HAD A VERY STRONG SIZED DECREASE  IN COMEX OI (12,168 CONTRACTS) OCCURRED WITH OUR HUGE LOSS OF $75.35 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 100 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 10.136 TONNES

NEW STANDING FOR NOVEMBER: 10.133 TONNES

/ ALL OF THIS HAPPENED WITH OUR $75.35 LOSDS IN PRICE  WITH RESPECT TO MONDAY’S COMEX RAID///. WE HAD A FAIR LOSS OF 3689 OI CONTRACTS (11.474 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 QUEUE JUMP OF 100 OZ)

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 8479 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 540,036

IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3689 CONTRACTS  WITH 12,168 CONTRACTS DECREASED AT THE COMEX// AND A HUGE SIZED 8479 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 3689 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A MEGA MEGA HUMONGOUS SIZED AND CRIMINAL 33,053 CONTRACTS ISSUED AND THIS IS THE THRID DAY IN A ROW FOR A MEGA ISSUANCE OF GREATER THAN 30,000 T.A.S. CONTRACTS. WE HAD HUGE LIQUIDATION OF T.A.S CONTRACTS WITH OUR LOSS IN PRICE MONDAY AS THE NEED FOR REPLENISHMENT WAS GREAT IN ORDER TO CARRY OUT ITS RAID OPERATION.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (8479 CONTRACTS) ACCOMPANYING THE VERY STRONG SIZED DECREASE IN COMEX OI OF 12,168 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 4191 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 100 OZ QUEUE JUMP 

//NEW STANDING NOVEMBER: 10.136 TONNES 

 / 3) HUGE T.A.S. LIQUIDATION (TRYING TO LOWER GOLD’S PRICE WITH GREAT SUCCESS MONDAY AND TODAY. WE HAD CONSIDERABLE NET LONG SPECS BEING CLIPPED. STICKY GOLD’S LONGS HOWEVER ARE NOT FOOLED BY THE RAID AS THEY WERE REWARDED MONDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL.

  4) VERY STRONG SIZED COMEX OPEN INTEREST DECREASE 5)  HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///MEGA MEGA HUMONGOUS T.A.S.  ISSUANCE: 33,053 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 NOV :

TOTAL EFP CONTRACTS ISSUED: 53,132 CONTRACTS OF 5,313,200 OZ OR 165.262 TONNES IN 8 TRADING DAY(S) AND THUS AVERAGING: 6641 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 8 TRADING DAY(S) IN  TONNES  165.262 TONNES

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

THUS EFP TRANSFERS REPRESENTS  165.262 DIVIDED BY 3550 x 100% TONNES = 4.64% 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: 165.262 TONNES (WILL PROBABLY BE A HUGE MONTH/MAYBE A RECORD ISSUANCE MONTH)

SPREADING OPERATIONS

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

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

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

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

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

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

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

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A FAIR SIZED 422 CONTRACTS OI  TO 147,699 AND CLOSER TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 710 CONTRACTS

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

DEC 710 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 710 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI GAIN OF 422   CONTRACTS AND ADD TO THE 710 E.FP. ISSUED

WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1132 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 5.660 MILLION OZ OCCURRED DESPITE OUR STRONG  $0.79 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 DOWN 48.10 PTS OR 1.39%

//Hang Seng CLOSED DOWN 580.05 PTS OR 2.84%

// Nikkei CLOSED DOWN 157.23 OR 0.40%//Australia’s all ordinaries CLOSED DOWN 0.04%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2319 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2431// Oil UP TO 68.55 dollars per barrel for WTI and BRENT UP AT 72.23 Stocks in Europe OPENED ALL RED

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A VERY STRONG SIZED 12,168 CONTRACTS TO 540,538 WITH OUR HUMONGOUS LOSS IN PRICE OF $75.35WITH RESPECT TO MONDAY’S TRADING. , WE LOST CONSIDERABLE NET IN NUMBER LONGS WITH THE LOWER PRICE FOR GOLD AS YOU WILL SEE BELOW. WE HAD A HUMONGOUS NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (8,479).

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 AND ESPECIALLY DURING YESTERDAY’S LOSS IN PRICE AND TODAY’S CONTINUATION OF ANOTHER RAID

THE FED IS THE MAJOR SHORT OF AROUND 93+ 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 LIKE TODAY, AND THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY! ACTUALLY THE FED HAS COAXED THE SPECULATORS TO GO MASSIVELY SHORT WHILE THEY TAKE THE LONG SIDE AFTER THEY COMMENCE THE AVALANCHE IN PRICE OF GOLD

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 TRADING AND AGAIN WITH THIS WEEKS TRADING, MONDAY AND TUESDAY..

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  HUMONGOUS SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A HUGE SIZED 8479 EFP CONTRACTS WERE ISSUED: :  /DEC  8479 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 8479 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 3689 CONTRACTS IN THAT 8479 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A VERY STRONG SIZED LOSS OF 12,168 COMEX  CONTRACTS..AND THIS FAIR LOSS  ON OUR TWO EXCHANGES HAPPENED DESPITE OUR HUMONGOUS LOSS IN PRICE OF $75.35 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 MEGA MEGA SIZED 33,853 CONTRACTS,  WILL BE USED TO REPLENISH SUPPLIES.. ALMOST ALL OF THE TRADING AND SUPPLY OF CONTRACTS  WAS ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK). THIS IS THE THIRD CONSECUTIVE 30,000 + DAY ISSUANCE OF T.A.S BY THE CROOKS.

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

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   NOV (10.136 TONNES) WHICH IS HUGE 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 . 10.136 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY   $75.35/)//AND WERE SUCCESSFUL IN KNOCKING OFF SOME NET SPECULATOR LONGS AS WE DID HAVE A FAIR LOSS IN OUR TWO EXCHANGES. WE DID HAVE HUGE T.A.S. SPREADER LIQUIDATION MONDAY AND AGAIN TODAY AS THE NEED FOR REPLENISHMENT WAS IN FULL FORCE WITH THESE RAIDS. THIS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL MONDAY EVENING AND THEY WILL DO SO AT THE CONCLUSION OF TUESDAY’S TRADING.

WE HAVE LOST A TOTAL OF 11.474 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR NOV (2.488TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 1 CONTRACTS OR 100 OZ (0.00311 TONNES). THESE GUYS UNDERWENT A SMALL SIZED QUEUE JUMP BOLTING AHEAD OF OTHER LONGS TO OBTAIN BADLY NEEDED PHYSICAL GOLD. MOSTLY LIKELY THIS IS THE FRBNY DESPERATELY TRYING TO EXTINGUISH ITS MASSIVE PHYSICAL SHORT FALL OF 93 TONNES

//NEW STANDING FOR NOV 10.136 TONNES

NEW STANDING FOR NOVEMBER: 10.136 TONNES (WHICH FOR A NON ACTIVE DELIVERY MONTH)

ALL OF THIS WAS ACCOMPLISHED DESPITE OUR LOSS IN PRICE  TO THE TUNE OF $75.35

WE HAD 502 CONTRACTS ADDED TO THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET LOSS ON THE TWO EXCHANGES3689 CONTRACTS OR 368,900 OZ (11.474 TONNES)

confirmed volume MONDAY 366,802 contracts STRONG //// t.a.s. enhanced

//speculators have left the gold arena

END

NOV 12 NOV  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	157,592.404 OZ BRINKS REAL GOLD DEPOSITED
No of oz served (contracts) today	11 notice(s) 1100 OZ 0.0342 TONNES
No of oz to be served (notices)	711 contracts    71,100 OZ 2,211 TONNES
Total monthly oz gold served (contracts) so far this month	2548 notices 254,800oz 7.925 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

TOTAL WITHDRAWALS: 0

adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOV.

For the front month of NOV: we have an oi of 722 contracts having LOST 298 contracts. We had 299 contracts served on MONDAY so we gained 1 contract as this guy underwent a queue jump of 100 oz (0.003125 TONNES OF GOLD)

DECEMBER, THE BIGGEST DELIVERY MONTH LOST 28,728 CONTRACTS TO 299,211

JANUARY GAINED 181 CONTRACTS TO STAND AT 307

FEBRUARY GAINED 15,143 CONTRACTS TO 170,859 .

We had 11 contracts filed for today representing 1100 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 11 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 1 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 (2548 x 100 oz ) to which we add the difference between the open interest for the front month of  NOV(722 CONTRACTS)  minus the number of notices served upon today  (11 x 100 oz per contract( equals  325,900 OZ  OR 10.136 TONNES.

thus the INITIAL standings for gold for the NOV contract month:  No of notices filed so far (2537 x 100 oz +we add the difference for front month of NOV  (722 OI} minus the number of notices served upon today (11 x 100 oz which equals  325,900 oz (10.136 TONNES)  +

TOTAL COMEX GOLD STANDING FOR NOV.: 10.136 TONNES WHICH IS HUGE FOR THIS  NON ACTIVE DELIVERY MONTH IN THE CALENDAR. 

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COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 OZ PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,616,220.251  oz 50.27 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,344,329,862 OZ  

TOTAL REGISTERED GOLD 7,815,872.250/// 243.106tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,528,457,652 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,199652 oz (REG GOLD- PLEDGED GOLD)= 182.84 tonnes //

END

SILVER/COMEX

NOV   12. 2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	2000.10 oz CNT .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	595,475.100 oz Asahi
No of oz served today (contracts)	37 CONTRACT(S)    (185,000 OZ)
No of oz to be served (notices)	37 contracts  (185,000oz)
Total monthly oz silver served (contracts)	870 Contracts  (4.350 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : NIL oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  1 customer deposit

i) Into Asahi 595,484.100 oz

total customer deposits 595,475.100oz

We had 1 withdrawals

i) Out of CNT 2000.100 oz

total withdrawal 2000.100 oz

JPMorgan has a total silver weight: 134.401million oz/312.688million  or 42.83%

adjustment 0

TOTAL REGISTERED SILVER: 70.073MILLION OZ//.TOTAL REG + ELIGIBLE. 312.688 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR NOV

silver open interest data:

FRONT MONTH OF NOV /2024 OI: 74 OPEN INTEREST FOR A GAIN OF 35 CONTRACTS

WE HAD 0 NOTICES FILED ON MONDAY SO WE GAINED 35 CONTRACTS OR 175,000 OZ UNDERWENT A QUEUE JUMP

DECEMBER SAW A LOSS OF 7,072 CONTRACTS DOWN TO 85,763 CONTRACTS

JANUARY SAW A GAIN OF67 CONTRACTS UP TO 1135

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 37 for 0.185 MILLION oz

CONFIRMED volume; ON MONDAY 97,815 huge// t.a.s. enhanced

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 870x 5,000 oz = 4.350 MILLION oz 

to which we add the difference between the open interest for the front month of NOV (74) and the number of notices served upon today (37)x (5000 oz)

Thus the  standings for silver for the NOV 2024 contract month:  870 Notices served so far) x 5000 oz + OI for the front month of NOV(74) number of notices served upon today minus (37)x 5000 oz of silver standing for the NOV contract month equates to 4.535 MILLION OZ. 

 New total standing: 4.535 million oz.

There are 70.073 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 12 WITH GOLD DOWN $11.40 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 4.88 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 871,97 TONNE

NOV 11 WITH GOLD DOWN $75.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.74 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 876.85 TONNES

NOV 8 WITH GOLD DOWN $11.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.87 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 883.46 TONNES

NOV 7 WITH GOLD UP $30.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.45 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 883.46 TONNES

NOV 6 WITH GOLD DOWN $72.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 886.91 TONNES

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: 871.97 TONNES, TONIGHTS TOTAL

SILVER

NOV 12 WITH SILVER UP $0.16 //SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 576,000 OZ INTO THE SLV. /// //INVENTORY AT SLV RESTS AT 476,000 MILLION OZ

NOV 11 WITH SILVER DOWN $0.79 //SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 374,000 OZ INTO THE SLV. /// //INVENTORY AT SLV RESTS AT 477.527 MILLION OZ

NOV 8 WITH SILVER DOWN $0.43 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 2.005 MILLION OZ INTO THE SLV. /// //INVENTORY AT SLV RESTS AT 477.846 MILLION OZ

NOV 7 WITH SILVER UP $0.11 //NO CHANGES IN SILVER INVENTORY AT THE SLV: /// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ

NOV 6 WITH SILVER DOWN $1.41 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.692 MILLION OZ FROM THE SLV/.//// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ

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 476.433 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

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

3. CHRIS POWELL AND GATA DISPATCHES

Brien Lundin: Gold vs. bitcoin

Submitted by admin on Mon, 2024-11-11 18:45 Section: Daily Dispatches

By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, November 11, 2024

In investing, perception is reality, especially over the short term.

And right now a lot of traders believe that the incoming Trump administration is going to be very pro-Bitcoin … and for some reason that’s also supposed to be anti-gold.

Bitcoin is continuing its post-election rally, reaching nearly $85,000 after surging over 7% today.

In contrast, both gold and silver are off over 2.5%, in a follow-up to the big sell-off experienced the day after the presidential election.

The consensus view among traders is that the incoming Trump administration will be very friendly to institutionalizing Bitcoin not only as money, but potentially as a national reserve holding. Speculators have jumped onto this view, which is, frankly, completely understandable.  

What isn’t understandable is why this would be bearish for gold. …

end

Inside the huge new Money Metals Exchange vault in Idaho

Submitted by admin on Mon, 2024-11-11 19:27 Section: Daily Dispatches

7:28p ET Monday, November 11, 2024

Dear Friend of GATA and Gold:

GATA supporter Money Metals Exchange has posted at YouTube a video about its massive new monetary metals depository in Eagle, Idaho, said to be the largest such vault in the United States west of New York, a vault even larger than the U.S. gold repository at Fort Knox, Kentucky.

Customers may be confident that their metal vaulted with Money Metals Exchange is infinitely less likely to be rehypothecated than any metal vaulted at Fort Knox, if indeed there’s still any metal there at all.

Money Metals Exchange is also the sponsor of the Sound Money Defense League, which is leading the effort to remonetize gold and silver in the United States and in recent years has had great success in persuading state governments to remove sales taxes from gold and silver.

The video is 7 1/2 minutes long and can be viewed at YouTube here:

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

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 198 ANDREW MAGUIRE WITH PETER KRAUTH

TOPIC SILVER SUPPLY CRUNCH!!

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

.

6 CRYPTOCURRENCY NEWS

“Extreme Greed” – Speculative Frenzy In Korea Sends Bitcoin Above $90,000 As Trump Readies Pro-Crypto Line-Up

Tuesday, Nov 12, 2024 – 08:59 AM

The ‘Trump Effect’ on crypto markets is spreading around the world with South Korea’s News 1 reporting the stunning news that the trading volume of the five domestic won market exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX) in the past 24 hours, surpassing the average daily trading volume of KOSPI and KOSDAQ stock exchanges.

That helped push Bitcoin up to $90,000 overnight…

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet.”

As Vivian Nguyen reports at CryptoBriefing.com, Scott Bessent, a strong advocate for crypto, particularly Bitcoin, has an 88% probability of becoming the next Treasury secretary under a second Trump administration, according to prediction platform Polymarket.

“I think everything is on the table with Bitcoin,” Bessent said in a statement shared by Terrett.

“One of the most exciting things about Bitcoin is that it brings in young people and those who have not participated in markets before. Cultivating a market culture in the US, where people believe in a system that works for them, is the centerpiece of capitalism.”

If appointed as Treasury secretary, Bessent could bring major transformations to US economic policy regarding digital assets, including the possibility of establishing a strategic Bitcoin reserve, an idea hinted at by Trump during his keynote speech at the Bitcoin 2024 Conference in July.

Sources familiar with the matter told The Washington Post that Trump plans to select pro-crypto candidates for key positions as part of his strategy to make the US a global crypto hub with early discussions have centered on a set of financial regulatory agencies including the SEC.

WaPo reports that the names under consideration for the SEC and other positions include Daniel Gallagher, a former SEC official now at the financial technology firm Robinhood, which offers crypto wallets as well as stock trading; and Hester Peirce and Mark Uyeda, two Republican commissioners at the agency, the people said.

A Republican donor, Gallagher previously faulted the SEC for taking a “scorched earth” approach to crypto.

Peirce and Uyeda, meanwhile, have criticized their agency for policy and enforcement actions taken under President Joe Biden.

Peirce is seen as a potential interim chair of the SEC, once Trump takes over the White House, who could later lead a federal task force on crypto policy.

“The commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm,” Uyeda told Fox Business this month.

“President Trump and the American electorate have sent a clear message. Starting in 2025, the SEC’s role is to carry out that mandate.”

“His days are numbered,” said Brad Garlinghouse, the chief executive of Ripple with regard to Gary Gensler – the current SEC Chair, adding that the company has “been in touch” with the Trump transition team.

“I think it’s clear this is an area they intend to continue to focus on. I think Trump and a bunch of people realize there’s a new set of technologies that are likely to define the next couple of decades.”

However, nothing grows in a straight line and as CoinTelegraph reports, cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of an incoming deleveraging ahead of the next leg up.

Crypto investor sentiment has risen to 80, or “extreme greed” on Nov. 12, a day after Bitcoin price surpassed the $85,000 record high on Nov. 11, according to data from the Crypto Fear & Greed Index from alternative.me.

The last time the index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction in the following three weeks, from over $69,135 to its bottom above $56,500 on May 1, Bitstamp data shows.

Bitcoin needs deleveraging before reaching $100,000

The current leveraged ratios, or the amount of borrowed funds used for trading positions, is reaching unsustainable levels, warned Kris Marszalek, the co-founder and CEO of Crypto.com.

Marszalek wrote in a Nov. 12 X post:

“Leverage needs to be cleaned up before attack on $100k. Please manage your risk carefully.”

While investors should exercise caution, Donald Trump’s presidential victory will likely contribute to Bitcoin’s continued price appreciation, according to Shunyet Jan head of derivatives at Bybit, who told Cointelegraph:

“Elevated funding rates and a bullish options skew suggest that both retail and institutional investors are eagerly positioning to capture further upside, with many leveraging their positions. The high funding rates, in particular, underscore the level of leveraged bets, reflecting strong demand for long exposure as confidence continues to build.

Some analysts expect Bitcoin to rise above the record $100,000 mark before the end of the year, driven by expected improvements in macroeconomic conditions due to Trump’s presidential victory.

While euphoria may be imminent:

witter.com/matthew_sigel/status/1855954776967594160?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwter

Amid record ETF inflows…

Google Trends suggests that moment is not here yet…

witter.com/zerohedge/status/1856045756945162329?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ct

Finally, along that line of thought, BitcoinMagazine’s Pete Rizzo raises an interesting point :

The race is on to front-run the US government.

Herein lies the problem: The United States has essentially telegraphed to the world that it intends to buy an asset that’s in scarce supply, without the concrete ability to do so.

Even with a majority in the House of Representatives and Senate, passing the Strategic Bitcoin Reserve Legislation 2024 will still require an act of Congress, and the agreement of lawmakers. It would seem foolish to expect this won’t be complex or time-consuming.

For example, the bill proposes revaluing the Federal Reserve’s gold holdings, as well as integrating Bitcoin into government financial systems. Questions will likely abound, as will operational challenges. Let’s remember it took all of three years for SEC Staff Bulletins to be adjusted just to value Michael Saylor’s public markets Bitcoin buying spree correctly.

This is the nature of government — slow and bureaucratic. Even with Trump, RFK, and other Bitcoin backers in positions of power, the chances that the U.S. government begins to acquire Bitcoin on January 20, 2025 seem infinitesimal. This is not saying that it won’t happen at all, just that it won’t be timely.

This is even to omit that there could be a prioritization challenge. Maybe the crypto lobby wants to move quickly on the long delayed market infrastructure bill. If so, Congress could become more consumed with the guardrails for exchanges, and redefining securities laws than the question of the strategic reserve. After all, they helped bankroll Trump’s win.

How much could Bitcoin rise in the meantime? With the bull market in full force, I’d argue that institutions and governments have every reason to become active in the market. There are many regimes around the world where the executive branch has enough power to begin accumulating Bitcoin today. They’d be foolish not to frontrun the U.S. government.

El Salvador started this process in 2021, and it has amassed over 5,900 Bitcoin. Yet, it faced 2-3 years of market headwinds, as traders countered its entries. Lest we forget El Salvador bought hundreds of Bitcoin at $60,000, a move that for years was fuel for its enemies.

Trump may yet do his part to boost Bitcoin. Yet, in telegraphing his intentions, he’s almost certainly created conditions that can be exploited by savvy traders.

n/status/1856024623126663491?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E185602462312

Time will tell them if, among them, we’ll see other nation states.

END

ASIA TRADING TUESDAY MORNING/MONDAY  NIGHT

SHANGHAI CLOSED DOWN 48.10 PTS OR 1.39%

//Hang Seng CLOSED DOWN 580.05 PTS OR 2.84%

// Nikkei CLOSED DOWN 157.23 OR 0.40%//Australia’s all ordinaries CLOSED DOWN 0.04%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2319 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2431// Oil UP TO 68.55 dollars per barrel for WTI and BRENT UP AT 72.23 Stocks in Europe OPENED ALL RED

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

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 7.2319

OFFSHORE YUAN: DOWN TO 7.2431

SHANGHAI CLOSED CLOSED DOWN 48.10 PTS OR 1.39%

HANG SENG CLOSED CLOSED DOWN 580.05 PTS OR 2.84%

2. Nikkei closed DOWN 157.23 PTS OR 0.40%

3. Europe stocks   SO FAR:  ALL RED

USA dollar INDEX UP TO  105.81 EURO FALLS TO 1.0611 DOWN 52 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +1.004 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 154.09…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA

3c Nikkei now  ABOVE 17,000

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

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

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.3065 Italian 10 Yr bond yield DOWN to 3.529 //SPAIN 10 YR BOND YIELD DOWN TO 3.040

3i Greek 10 year bond yield DOWN TO 3.168

3j Gold at $2605.50 /Silver at: 30.47  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 0 AND 12/100  roubles/dollar; ROUBLE AT 98.09

3m oil into the 68 dollar handle for WTI and  72 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 154.09  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.004% 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 0.8813 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9351  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: 4.368 UP 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.497 UP 1 BASIS PTS/

USA 2 YR BOND YIELD:  4.267 UP 4 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.35…

10 YR UK BOND YIELD: 4.497 UP 0 PTS

10 YR CANADA BOND YIELD: 3.227 UP 4 BASIS PTS

5 YR CANADA BOND YIELD: 3.041 UP 3 PTS.

2a New York OPENING REPORT

Trump Rally Fizzles: Futures Drop As Dollar, Yields Extend Surge

Tuesday, Nov 12, 2024 – 08:24 AM

The torrid five-day rally that pushed the S&P 500 to its 51st record close above 6,000 on Monday has finally reversed amid unease over nosebleed equity valuations and the composition of Trump’s incoming cabinet. As of 8:00am, contracts on the S&P 500 and Nasdaq 100 indexes slipped about 0.2% with Mag7 and semiconductors under pressure, while Tesla also dropped in after a post-election surge that lifted its valuation past $1 trillion; healthcare names among the notable gainers. Europe’s Stoxx 600 gauge lost 1% as the rout in Asia continued and the MSCI Asia Pacific Index dropped as much as 1.3%, with chipmakers TSMC and Samsung among the biggest drags. Bond yields are 3-6bps higher as the curve twists flatter; yields are pulling the dollar higher. Commodities are weaker with Energy outperforming. Other Trump trades remained in play, however, with Treasuries falling, the dollar hitting a one-year high and Bitcoin hovering just below $90,000. Today’s macro data focus is on SLOOS, 1-year inflation expectations, and Small Business Optimism, as well as five Fed speakers.

In premarket trading, cryptocurrency-exposed stocks erase earlier premarket gains as Bitcoin retreated after its record-breaking rally took the digital asset beyond $89,000. The digital currency has rallied as traders bet on a crypto boom under Trump. Here are some other notable premarket movers:

• Grab Holdings (GRAB) jumps 8% after the ride-hailing and delivery company boosted its earnings and revenue forecasts for the year.
• Live Nation (LYV) climbs 5% after the entertainment posted 3Q profit that impressed.
• Luminar (LAZR) gains 2% after the auto technology company entered pacts with Volvo and a Japanes automaker.
• Neurogene (NGNE) sinks 33% after the drug developer said it became aware of an emerging serious side effect related to its experimental treatment for Rett syndrome. Rival Taysha Gene Therapies rose 19% as analysts say issues at Neurogene could level the playing field.
• On Holding (ONON) rises 1% after the sportswear company reported third-quarter net sales ahead of consensus estimates.
• Sea (SE) rises 8% after the e-commerce company reported 3Q revenue that came ahead of estimates.
• Shopify (SHOP) soars 13% after reporting 3Q sales that beat analysts’ estimates, a sign that the Canadian e-commerce company is gaining momentum as spending continues to shift from stores to websites.

According to Citi, the election outcome has taken investors’ US equity exposure to the highest in three years, suggesting the rally could run out of steam. Traders are also pondering the potential for Trump’s economic policies, including trade tariffs and immigration crackdowns, to spur inflation and affect the path for Federal Reserve monetary policy.

“If we have those tariffs kicking in, if we have those so-called deportations, those would have an outright inflationary impact, and so would result in higher bond yields,” said Kevin Thozet, a member of the investment committee at Carmignac. “Higher bond yields across the curve may start to bite at some point,” especially at a time of lofty stock-market valuations, he said. Ten-year Treasury yields rose as much as six basis points as the market reopened after Monday’s holiday.

Traders are now focusing on the make-up of the incoming Trump adminstration. Fears for the future of China’s relationship with the US played out in Hong Kong’s Hang Seng Index, which shed more than 3%. US-listed Chinese stocks, such as Alibaba Group Holding Ltd. and PDD Holdings Inc. also fell.

Overnight, we got reports that Senator Marco Rubio — known for his aggressive stance on China — is expected to be named secretary of state. Representative Mike Waltz, who views China as a “greater threat” to the US than any other nation, is in line to be national security advisor. Tom Homan, named as “border czar,” was criticized for harsh immigration policies implemented during Trump’s first term.

“Up until Trump’s inauguration in January, we will be in a period where there will be some form of uncertainty regarding the implementation of his policy measures,” Thozet said. Meanwhile, US inflation data due Wednesday, could determine whether the Fed cuts interest rates again next month. The core consumer price index, which excludes food and energy, is expected to have risen at the same pace on both a monthly and annual basis compared with September’s readings.

European stocks dropped in early trading in the wake of similar declines in Asia as worries over the policies of US President-elect Donald Trump may fuel inflation. The Stoxx 600 fell 1.1% to 506.61 with basic resources, chemicals and consumer products leading declines. German chemical giant Bayer shares plunged as much as 14% to the lowest level in 20 years after the German company reported weaker-than-expected results for the third quarter and cut its guidance for the year. Here are the biggest movers Tuesday:

• ConvaTec rises as much as 22%, the most since March 2020, after the maker of medical and surgical equipment lifted its FY24 guidance. Analysts note that organic growth was stronger than expected
• DCC shares rise as much as 18%, the most since May 1994, after the sales and support services group announced a new strategy plan that analysts said will help unlock value
• Infineon rises 6.4% as the chipmaker guided for a modest rebound starting from 2Q fiscal 2025, following a steep sales drop in the current quarter as an inventory correction drags on
• FLSmidth rises as much as 7.2%, the most since February, after the Danish industrial machinery company revealed a strong third-quarter Ebita beat. It also upped its margin guidance
• OCI shares rise as much as 6.6% after the Dutch agricultural chemicals firm released a trading update and said it expects to make another extraordinary distribution of ~$1 billion
• Drax shares gain as much as 7.6%, the most since July, after the renewable energy company reported a trading update, saying it sees FY24 Ebitda guidance toward the top end of range
• Temenos gains as much as 4.8%, the most in over a month as analysts saw the Swiss banking software firm’s delayed mid-term targets as a more realistic strategy
• Bayer shares plunge as much as 14% to the lowest level in 20 years after the German company reported weaker-than-expected results for the third quarter and cut its guidance for the year
• Brenntag falls as much as 10% to their lowest intraday value since 2022 after the German chemicals firm reported operating Ebita for the third quarter that missed the average estimate
• Vodafone shares fall as much as 5.5% after the telecom operator reported a bigger-than-expected drop in service revenue in its core market of Germany, hit by a regulatory changes
• Direct Line drops as much as 8.2% to the lowest since 2023 after Jefferies downgrades to hold from buy, saying in a note the insurer’s valuation is “uncompelling” and upside risks are muted
• Fresnillo shares drop as much as 7.4% after the gold and silver miner warned the Sabinas mine is experiencing “operational difficulties” that are affecting production
• Verbio falls as much as 14% to their lowest intraday value in over four years. Jefferies says the German biofuel firm’s results missed expectations due to biodiesel and bioethanol pricing

Earlier, Asian equities fell, weighed by declines in China and major technology companies amid rising geopolitical uncertainties. The MSCI Asia Pacific Index dropped as much as 1.3%, with chipmakers TSMC and Samsung among the biggest drags. Chinese internet firms Tencent and Alibaba also slumped ahead of their earnings reports later this week.
Chinese stocks fell as fears of worsening Sino-US ties further undermined investor confidence after underwhelming fiscal stimulus and weak economic data affected sentiment. Reports that President-elect Donald Trump is poised to pick two men with track records of harshly criticizing China for key positions in his new administration added to investor worries.

In FX, the dollar added to its post-election gain, with the Bloomberg Dollar Spot Index advancing 0.4% to the highest since Nov. 1, 2023. Investor expectations for Trump’s policy agenda have lifted the greenback in recent sessions. “The fundamental dollar uptrend remains intact,” Win Thin, global head of markets strategy at Brown Brothers Harriman & Co., wrote in a note. “The Fed made it clear it is in no hurry to cut rates, growth remains solid in Q4”

In rates, treasuries slumped as the incoming Trump administration has investors fretting over the prospect of a resurgence in inflation. US 10-year yields climb 5 bps to 4.36% while the yield on the two-year Treasury rose as much as 8 basis points to 4.33%, its highest since July 31. Bunds rose to session highs after German ZEW data fell short of estimates. German lawmakers have also agreed to hold an early election in February, according to government officials familiar with the talks. Gilts underperform their German peers after mixed UK jobs data. Oil prices advance, with WTI rising 0.8% to $68.60 a barrel. Spot gold falls $26 to $2,592/oz.

Bitcoin is lower having flirted with the $90,000 level earlier on.

The US economic data calendar includes October New York Fed 1-year inflation expectations at 11am and the Senior Loan Officers Survey at 2pm; the Fed speaker slate includes Waller (10am), Barkin (10:15am, 5:30pm), Kashkari (2pm) and Harker (5pm). Senior Loan Officer opinion survey is released at 2pm.

Market Snapshot

S&P 500 futures little changed at 6,026.75
Brent Futures up 0.5% to $72.17/bbl
Gold spot down 1.0% to $2,593.31
US Dollar Index up 0.28% to 105.84

Top Overnight News

• China may embrace greater stimulus, manufacturing support and a weaker yuan to counter the negative effects of a second Trump presidency, according to surveyed economists. BBG
• China plans to cut taxes for home purchases as the government continues to take steps aimed at bolstering the economy. Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as low as 1% from a current level of as much as 3%. BBG
• A Chinese court will hear a lawsuit filed by a local developer against Apple over its App Store practices — a decision may spur greater scrutiny of the company’s role in the mobile ecosystem. BBG
• Japan’s government said it would provide at least ~$65B in support for the semiconductor and AI industries through 2030. Nikkei
• UK wage growth cools modestly in Sept while hiring stalls, leaving the door open to further BOE easing. WSJ
• Trump’s initial immigration staffing selections point to a very hawkish approach to this issue when the new administration takes power in January. Politico
• Marco Rubio is expected to be named secretary of state, a person familiar said, as Trump turns to allies and China skeptics to fill his cabinet. Mike Waltz was said to be selected as national security advisor and CNN reported that Kristi Noem will head homeland security. BBG
• Trump is preparing to hire a slew of crypto-friendly officials as he staffs up his new government. Washington Post
• American LNG may prove a crucial bargaining chip in a potential US-EU trade deal, the FT reported. Higher shipments to Europe could be exchanged for dissuading Trump from levying hefty import tariffs. BBG

A more detailed look at global markets courtesy of Newsquawk

APAC stocks were ultimately mixed and failed to sustain the momentum from Wall St where the major indices climbed to fresh record highs in a continuation of the Trump Trade and in quiet conditions due to Veterans Day. ASX 200 was restrained by weakness in mining and resources after underlying commodity prices were hit by dollar strength. Nikkei 225 gave up its early gains and more despite initial tailwinds from JPY weakness and chip-related support. Hang Seng and Shanghai Comp weakened with notable underperformance in the Hong Kong benchmark amid weakness in tech and auto names owing to the current tariff-related concerns, while the mainland was also pressured after recent new loans and financing data underwhelmed but with the downside cushioned after the PBoC recently pledged measures and with China reportedly planning to cut homebuying taxes to boost the property sector. Softbank Group (9984 JT) 6-month (JPY): Revenue 3.47tln (exp. 3.42tln). Net +1.01tln (prev. -1.41tln). Co. reaffirms guidance.

Top Asian News

• Fitch says China’s new fiscal proposals are unlikely to immediately bolster growth
• China plans to cut homebuying taxes to boost the property sector in which the home purchase deed tax could be reduced to 1% from 3%, according to Bloomberg.
• China is to strengthen monetary support for the economy and PBoC should provide liquidity through a RRR cut, while the PBoC should inject long-term liquidity in Q4 to offset a rise in government bond issuance, according to an article by PBoC-backed Financial News citing analysts.

Top European News

• BoE’s Pill says still some work to be done on underlying domestic inflation pressure in the UK. Policy has anchored expectations close to target. It was not obvious two years ago that CPI would now be at target. Today’s labour data shows that pay growth it still at high levels. Additional rate cuts are to be a gradual process. Shocks the the global economy could know the UK off its lower inflation path. Underlying Q/Q UK economic growth of 0.3% is not far off the trend growth rate. Overall picture on fiscal policy is one of consolidation despite the short-term boost from the budget. UK is perhaps further along with its adjustment process towards neutral rates. Higher neutral rate in the UK is not a base case but is something the MPC must consider. Not surprising that markets are considering possibility of a higher neutral rate.
• ECB’s Rehn says the ECB is data dependent, not data point dependent; the direction of the ECB is clear, the speed depends on data; will could be leaving restrictive territory in Spring 2025. Disinflation is well on track in EZ. Says the speed of rate cuts will depend on the assessment at each meeting. sees downside risks to growth; waiting for December macro projection for a better view, most of the data is quite weak, particularly in manufacturing.
• ECB’s Holzman says Trump’s tariffs will put pressure on EZ inflation; will mean higher US rates with an affect on FX
• Brussels is to free up billions of euros for defence from the EU budget and policy shift will allow the bloc’s capitals to redirect ‘cohesion funds’ amid the Ukraine conflict and Trump victory, according to FT.
• German union and employers’ association says an agreement was reached in wage talks for metal and electrical engineering industries
• German lawmakers reportedly near deal for early election in February, according to Bloomberg. Chancellor will first submit to a confidence vote in the lower house of parliament to trigger national ballot, likely H1 of December.
• Germany’s political parties propose Feb 23rd as the date for the new election, according to Rheinische post. According to the report, there is also talk that the Chancellor could ask for a vote of confidence on December 18. However, this is still open because time could then be running out to pass laws, according to party circles. German Parliment to hold a confidence vote on Dec 16th, according to Reuters sources. mixed reporting
• UK reportedly nearing a free-trade agreement with oil-rich Gulf nations including Saudi Arabia, according to Bloomberg sources

FX

• DXY is firmer vs. all peers as the post-election rally continues and focuses markets on the prospect of looser fiscal policy vs. a subsequently potentially tighter approach from the Fed. DXY has been as high as 105.87 with all eyes on a test of the 106 mark.
• EUR is softer vs. the broadly stronger USD with the pair’s bruising post-election sell-off continuing to pick-up pace. From a macro perspective in the Eurozone, today has seen commentary from ECB’s Rehn and Holzmann with the former flagging downside risks to growth and the latter cautioning over the impact of Trump tariffs on inflation. German ZEW fell short of expectations. EUR/USD has delved as low as 1.0618.
• USD/JPY has made its way onto a 154 handle, topping out at 154.16 vs. yesterday’s opening levels of 152.61. Fresh macro drivers for Japan have been on the quiet side today.
• GBP is near the foot of the leaderboard in the wake of UK jobs metrics. The usual data quality caveats apply, however, the main takeaway was a larger-than-expected jump in the unemployment rate to 4.3% from 4.0% and a slowdown in the rate of employment. Comments from BoE’s Pill this morning adopted a cautious stance towards further policy loosening.
• Antipodeans are both softer vs. the USD with risk sentiment in Europe very much on the backfoot and a poor showing for China overnight.
• PBoC set USD/CNY mid-point at 7.1927 vs exp. 7.1944 (prev. 7.1786).

Fixed Income

• USTs are softer but only modestly so, with US-specific newsflow somewhat light as we count down to a handful of Fed speakers today before CPI and Powell later in the week. Currently, at the mid-point of a 109-24+ to 110-04 bound, yields firmer across the curve which is a touch flatter as it stands.
• Bunds were under modest pressure, but lifted incrementally from a 132.24 base, amid geopolitical reports, which suggested that Israel is planning an imminent ground operation in Lebanon, reported via Sky News Arabia (since deleted). Thereafter, soft ZEW metrics helped lift Bunds futher to a 132.62 peak.
• Gilts underperform vs peers after today’s mixed jobs report, where the unemployment rate lifting markedly, whilst the wages metrics remained sticky. Gilts lifted off lows in tandem with the bid in Bunds, and were largelly unreactive to its own robust auction.
• Netherlands sells EUR 2.105bln vs exp. EUR 2.0-2.5bln 0.25% 2029 DSL Auction: average yield +2.295% (prev. -0.427%).
• UK sells GBP 2.25bln 4.75% 2043 Gilt Auction: b/c 3.28x (prev. 3.27x), average yield 4.4836% (prev. 4.421%) & tail 0.1bps (prev. 0.1bps)
• Germany sells EUR 4.019bln vs exp. EUR 5bln 2.0% 2026 Schatz Auction; b/c 2.20x (prev. 2.61x), average yield 2.11% (prev. 2.16%) & retention 19.62% (prev. 16.76%)

Commodities

• Crude holds a mild upward bias after Israel’s Defence Minister Katz poured cold water on hopes of a Hezbollah-Israel ceasefire, suggesting there will be no ceasefire and Israel will continue to hit Hezbollah with full force. Brent towards the top of a USD 71.55-72.36/bbl parameter.
• Precious metals are softer across the board amid the continued gains in the USD on the back of the ongoing Trump trade. Spot gold fell under USD 2,600/oz resides towards the bottom of a USD 2,590.89-2,627.23/oz parameter.
• Base metals are lower across the board amid the firmer Dollar and a continuation of the disappointment from the NPC Standing Committee meeting last week. 3M LME copper fell to levels under USD 9,200/t.
• OPEC Monthly Oil Market Report due to be released at 11:40GMT/06:40EST.
• Biden’s administration is setting out plans for the US to triple nuclear power capacity by 2050, according to Bloomberg.

Geopolitics: Middle East

• Washington Post quoting US official: Israel tells Washington that it is planning an imminent ground operation in Lebanon”, via Sky News Arabia – NOTE: Sky News Arabia has since deleted this tweet
• Israel’s Defence Minister Katz says in Lebanon there will be no ceasefire, and will continue to hit Hezbollah with full force.
• “Palestinian source to Sky News Arabia: No agreement between Fatah and Hamas and the gaps between the two sides are still wide”, according to Sky News Arabia.
• “Israeli PM Netanyahu in conversations in recent days: When Trump goes back to the White House – we should put the annexation issue back on the table”, according to sources via Kann news.
• Walla cited US officials stating Israeli PM Netanyahu made it clear to the Biden administration that he wants to end the war in Lebanon within weeks, according to Sky News Arabia. Axios also cited US and Israeli officials stating that the Israeli Minister of Strategic Affairs briefed US President-elect Trump on plans for Gaza and Lebanon over the next two months. It was also reported that Israeli PM Netanyahu’s close aide Dermer met with US President-elect Trump on Sunday.
• Times of Israel reported that two officials in the previous Trump administration warned Israelis against assuming Trump would support Israel’s annexation of the West Bank in his second term, according to Sky News Arabia.
• Israeli occupation forces raided the cities of Bethlehem and Hebron in the southern West Bank, according to Al Jazeera.
• Iraqi armed factions attacked a “military target” in southern Israel with drones, according to Sky News. Arabia.
• Central Command of the US Army announced that it attacked nine targets in two locations linked to pro-Iranian militias in Syria as a response to the militias’ activity against US forces in the past 24 hours, according to Kann News.
• Ansar Allah media outlets reported US-British raids on the Hodeidah governorate in Yemen, according to Al Jazeera.

Geopolitics: Other

• Russian state agencies reported that a Russian navy carrier of hypersonic missiles conducted drills while passing through the English Channel, while RIA reported that the Russian ship capable of carrying hypersonic missiles carried out missions in the Atlantic after passing through the English Channel.

US Event Calendar

• 06:00: Oct. SMALL BUSINESS OPTIMISM 93.7, est. 92.0, prior 91.5
• 11:00: Oct. NY Fed 1-Yr Inflation Expectat, est. 2.97%, prior 3.00%
• 14:00: Senior Loan Officer Opinion Survey on Bank Lending Practices

Central Bank Speakers

• 10:00: Fed’s Waller Speaks at Banking Conference
• 10:15: Fed’s Barkin Speaks in Baltimore
• 14:00: Senior Loan Officer Opinion Survey on Bank Lending Practices
• 14:00: Fed’s Kashkari Participates in Moderated Conversation
• 17:00: Fed’s Harker Speaks on Fintech, AI
• 17:30: Fed’s Barkin Repeats Speech, followed with Q&A

DB’s Jim Reid concludes the overnight wrap

The post-election rally edged higher yesterday, as the S&P 500 (+0.10%) closed above the 6,000 mark for the first time, posting a fourth consecutive record high following the election and its 51st of 2024 so far. In fact, the index is currently experiencing its strongest YTD performance since 1995, having risen by +25.82% since the start of the year, and it’s the first time since 1997-98 that it’s on course to post back-to-back annual gains above +20% and only the third time in 100 years. So it was another strong performance, with the Dow Jones (+0.69%) closing above 44,000 for the first time as well, just as the small-cap Russell 2000 (+1.47%) closed just 0.3% from its all-time high back in November 2021.

This rally has led to a significant easing of financial conditions, but yesterday also saw investors dial back their expectations for rate cuts yet again. For instance, the rate priced in by the December 2025 meeting was up to 3.82% yesterday, meaning that investors are only pricing in three more 25bp rate cuts by the end of 2025. Bear in mind that’s risen by almost 100bps in just over six weeks, thanks to positive US data and the election result. So this is a significant reassessment of the Fed’s outlook, and with investors pricing in fewer rate cuts, the dollar index strengthened another +0.52%, reaching its highest level since early July. 

Given the Veterans Day holiday, cash trading in US Treasuries was closed yesterday. But futures markets showed them losing ground across the curve, with 2yr, 5yr and 10yr futures all pointing towards higher yields. This morning in Asia they’ve crystallised this with 2 and 10yr yields up +3.8bps and +2.1bps, respectively. That also comes ahead of the CPI release tomorrow, where there’s been some concern about another robust print, particularly after monthly core CPI was at a 6-month high in September. We’ll have to see what that brings, but inflation expectations have risen quite a bit over the last couple of months, with the 2yr inflation swap up from just 1.99% on September 10 to 2.62% yesterday, so another upside surprise would only accelerate that trend. That said, our US economists expect core CPI to tick down in October to +0.26%.

In the meantime, there was a lot of focus on several “Trump trades”, which continued to outperform yesterday. Bitcoin was one of the most notable, rising by more than 10% yesterday and up another +0.96% this morning to trade above $88,000. Its YTD gain now stands above 100%. It’s been supported by the fact that Trump and the new Congress appear more friendly to crypto, and Marion Laboure on my team has just released a note looking at the immediate impact of the election on crypto along with the outlook ahead.

Among equities themselves, the Trump trade was also clear, and Tesla (+8.96%) advanced for a 5th consecutive session, bringing its gains over the last week to +44.1%. That single-handedly dragged the Magnificent 7 group to a +1.02% gain and another record high, even as five of them actually lost ground on the day. Nvidia (-1.61%) was the weakest of the Mag-7, echoing a -2.54% decline for the Philadelphia Semiconductor index after Reuters reported over the weekend that the US had told TSMC to stop shipping its advance AI chips to China. Meanwhile, banks continued to post strong gains, with the KBW Bank index rising +2.35%.

In terms of US politics, we got a few more reports on potential appointees to the new Trump administration yesterday. That included a report from Bloomberg, which said Trump would narrow the shortlist for Treasury Secretary this week. It also said he was leaning towards someone with Wall Street experience to the job. Otherwise, CNN reported that Trump would name Stephen Miller, his immigration adviser, as Deputy Chief of Staff for Policy. Overnight the FT and others suggest he will appoint Mike Waltz as national security advisor and Marco Rubio as Secretary of State. They are China hawks.

Lastly, we still don’t officially know who’s going to end up in control of the House of Representatives, but the current AP tally now stands at 214-205 to the Republicans, with 218 required for a majority. Polymarket is now putting the likelihood of a Republican sweep at 99%, and as it stands, the Republicans are currently ahead in more-than-enough districts to put them over the 218 majority line.

Over in Europe, risk assets followed a broadly similar pattern, and the STOXX 600 (+1.13%) posted its strongest performance in six weeks. But for sovereign bonds, there was a clear rally across the continent as investors priced in a growing likelihood of ECB rate cuts over the months ahead. In fact, yields on 10yr bunds (-4.0bps), OATs (-4.1bps) and BTPs (-6.3bps) all moved lower, which was in contrast to the way that US Treasury futures were pointing.

When it comes to German politics, there was still no clarity on when an election might take place, but there’s been plenty of pressure to bring forward the timetable of a confidence motion before the new year. AFP reported yesterday that German President Frank-Walter Steinmeier was moderating discussions between the parties, and Chancellor Scholz said on Sunday that an earlier vote could happen this year “if all sides agree”. Nevertheless, Scholz’s spokesman said yesterday that a vote of confidence wouldn’t happen this Wednesday, and Vice Chancellor Habeck of the Greens said yesterday that the decision was down to Scholz.

Asian equity markets are mostly lower this morning with non-US risk still struggling to weigh up all the post-election implications. Leading the losses is the Hang Seng (-2.73%), followed by the KOSPI (-1.73%), the Nikkei (-0.97%), and the Shanghai Composite (-0.85%). S&P 500 (-0.11%) and Nasdaq (-0.08%) futures are slightly lower.

A Bloomberg report overnight indicates that China is planning to cut taxes on home purchases. The proposal would allow major cities to reduce the deed tax for buyers to as low as 1%, down from the current rate of up to 3% in an effort to revive the struggling housing market.

To the day ahead now, and one of the main highlights will be the Fed’s Senior Loan Officer Opinion Survey on Bank Lending Practices. Otherwise, central bank speakers include the Fed’s Waller, Barkin, Kashkari and Harker, the ECB’s Rehn, Holzmann, Centeno and Cipollone, and the BoE’s Pill. Data releases include the UK unemployment rate for September, the German ZEW survey for November, and in the US there’s the NFIB’s small business optimism index for October.

2B) European report.

2C ASIAN REPORT\

European futures point to a subdued open; numerous Central bank speakers ahead – Newsquawk Europe Market Open

Tuesday, Nov 12, 2024 – 01:25 AM

• APAC stocks were ultimately mixed and failed to sustain the momentum from Wall St.
• European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.9% after the cash market closed higher by 1.1% on Monday.
• DXY remains on the front foot, EUR/USD is stuck on a 1.06 handle, USD/JPY briefly moved above the 154 mark.
• Bitcoin was choppy overnight after the prior day’s surge which lifted prices above the USD 89k level for the first time.
• Looking ahead, highlights include UK Jobs, EZ/German ZEW, NY Fed SCE, OPEC MOMR, Speakers including BoE’s Pill, ECB’s Rehn, Cipollone, Fed’s Waller, Barkin, Kashkari & Harker, Supply from Netherlands, UK & Germany.
• Earnings from Bayer, Brenntag, Infineon, Vodafone, AstraZeneca, Shopify, Home Depot, Tyson Foods, Spotify, Occidental Petroleum.

SNAPSHOT

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US TRADE

EQUITIES

• US stocks were mostly higher in a quiet session to start the week owing to Veterans Day and with trade largely a function of the Trump Trade with Republicans looking increasingly likely to take the House for a red sweep. This saw T-Note futures sell off to fall back beneath 110-00 and settle just beneath the aforementioned level, while the Dollar surged with DXY hitting its highest since July and Bitcoin rose to a fresh record above USD 88,000.
• SPX +0.10% at 6,001, NDX -0.05% at 21,107, DJIA +0.69% at 44,293, RUT +1.47% 2,43%.
• Click here for a detailed summary.

NOTABLE HEADLINES

• US President-elect Trump is expected to name Senator Marco Rubio as Secretary of State, according to NYT. It was also reported that President-elect Trump selected Florida Representative Waltz as National Security Adviser, according to WSJ
• Decision Desk HQ projects Republicans have won enough seats to remain in control of the House,
• Mexican Economy Minister Ebrard suggested that Mexico could retaliate with its own tariffs on US imports if the incoming US administration puts tariffs on Mexican exports, according to local radio.

APAC TRADE

EQUITIES

• APAC stocks were ultimately mixed and failed to sustain the momentum from Wall St where the major indices climbed to fresh record highs in a continuation of the Trump Trade and in quiet conditions due to Veterans Day.
• ASX 200 was restrained by weakness in mining and resources after underlying commodity prices were hit by dollar strength.
• Nikkei 225 gave up its early gains and more despite initial tailwinds from JPY weakness and chip-related support.
• Hang Seng and Shanghai Comp weakened with notable underperformance in the Hong Kong benchmark amid weakness in tech and auto names owing to the current tariff-related concerns, while the mainland was also pressured after recent new loans and financing data underwhelmed but with the downside cushioned after the PBoC recently pledged measures and with China reportedly planning to cut homebuying taxes to boost the property sector.
• US equity futures (ES -0.1%) mildly pulled back after hitting fresh record highs on Monday.
• European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.9% after the cash market closed higher by 1.1% on Monday.

FX

• DXY remained firmer after gaining at the start of the week in typical ‘Trump Trade’ behaviour amid very sparse newsflow on account of Veterans Day in the US and with no Fed speak or US data, while participants await the deluge of Fed commentary this week including from Powell, Williams and Waller, while the data highlight is the US CPI report on Wednesday.
• EUR/USD languished beneath the 1.0700 handle after giving up ground to the recent dollar strength.
• GBP/USD marginally extends on the prior day’s losses heading into UK employment and average earnings data.
• USD/JPY initially edged higher owing to the firmer buck and recent clues of a lack of urgency at the BoJ for immediate rate hikes although the upside was capped and the pair gradually reversed course after hitting resistance around the 154.00 level.
• Antipodeans were mildly pressured amid the cautious risk appetite and after the PBoC set the weakest CNY reference rate since September last year, while an improvement in Australian consumer sentiment and business surveys did little to spur AUD/USD.
• PBoC set USD/CNY mid-point at 7.1927 vs exp. 7.1944 (prev. 7.1786).

FIXED INCOME

• 10yr UST futures nursed some losses as cash trade reopened following the Veterans Day closure.
• Bund futures remained indecisive after the recent whipsawing and ahead of German ZEW data.
• 10yr JGB futures lacked demand in the absence of any pertinent catalysts and tier-1 releases from Japan.

COMMODITIES

• Crude futures languished around yesterday’s lows after having retreated on several bearish catalysts including negotiations to stop the war between Israel and Hezbollah, while there were also headwinds from a firmer dollar and amid a further return of production in the US Gulf of Mexico that had been shut in response to Rafael.
• BSEE said 25.69% of oil production in the US Gulf of Mexico is shut in response to Rafael (prev. 27.6%) and 13.06% of nat gas production is shut in (prev. 16.67%).
• Spot gold was contained after the precious metal recently slipped on the broad dollar strength.
• Copper futures were lacklustre with initial upside restricted amid the mixed risk appetite.

CRYPTO

• Bitcoin was choppy overnight after the prior day’s surge owing to a continuation of the Trump Trade which briefly lifted prices to above the USD 89k level for the first time.

NOTABLE ASIA-PAC HEADLINES

• China plans to cut homebuying taxes to boost the property sector in which the home purchase deed tax could be reduced to 1% from 3%, according to Bloomberg.
• China is to strengthen monetary support for the economy and PBoC should provide liquidity through a RRR cut, while the PBoC should inject long-term liquidity in Q4 to offset a rise in government bond issuance, according to an article by PBoC-backed Financial News citing analysts.

DATA RECAP

• Australian Westpac Consumer Confidence Index (Nov) 94.6 (Prev. 89.8)
• Australian NAB Business Confidence (Oct) 5.0 (Prev. -2.0)
• Australian NAB Business Conditions (Oct) 7.0 (Prev. 7.0)

GEOPOLITICS

MIDDLE EAST

• A senior official in Israel said if Hezbollah does not accept the terms of the ceasefire agreement that are taking shape these days, “Israel is ready with powerful operational plans to continue the campaign in Lebanon”, according to local press.
• Israel’s message to the US is that it wants a settlement within weeks as fighting in the country is exhausted, according to Al Jazeera citing Israel’s Channel 13. It was also reported that an agreement is expected to be reached soon on the “American document” that guarantees freedom of movement for Israel in the event of a violation of the agreement in the north which is said to be a positive development in settlement negotiations between Israel and Hezbollah, according to Sky News Arabia citing Israel Broadcasting Authority.
• Walla cited US officials stating Israeli PM Netanyahu made it clear to the Biden administration that he wants to end the war in Lebanon within weeks, according to Sky News Arabia. Axios also cited US and Israeli officials stating that the Israeli Minister of Strategic Affairs briefed US President-elect Trump on plans for Gaza and Lebanon over the next two months. It was also reported that Israeli PM Netanyahu’s close aide Dermer met with US President-elect Trump on Sunday.
• Times of Israel reported that two officials in the previous Trump administration warned Israelis against assuming Trump would support Israel’s annexation of the West Bank in his second term, according to Sky News Arabia.
• Israeli occupation forces raided the cities of Bethlehem and Hebron in the southern West Bank, according to Al Jazeera.
• Israeli Defence Minister said Iran is more vulnerable than ever to damage to its nuclear program and there is a possibility to thwart and eliminate the threat, according to Sky News Arabia.
• Iraqi armed factions attacked a “military target” in southern Israel with drones, according to Sky News. Arabia.
• Central Command of the US Army announced that it attacked nine targets in two locations linked to pro-Iranian militias in Syria as a response to the militias’ activity against US forces in the past 24 hours, according to Kann News.
• Ansar Allah media outlets reported US-British raids on the Hodeidah governorate in Yemen, according to Al Jazeera.

OTHER

• Russian state agencies reported that a Russian navy carrier of hypersonic missiles conducted drills while passing through the English Channel, while RIA reported that the Russian ship capable of carrying hypersonic missiles carried out missions in the Atlantic after passing through the English Channel.

EU/UK

NOTABLE HEADLINES

• Brussels is to free up billions of euros for defence from the EU budget and policy shift will allow the bloc’s capitals to redirect ‘cohesion funds’ amid the Ukraine conflict and Trump victory, according to FT.

3B NORTH KOREA/SOUTH KOREA

NORTH KOREA/RUSSIA/UKRAINE

END

3C JAPAN

3D. CHINA/TAIWAN

Taiwan Mulls Massive $15BN Arms Package To Signal Trump It’s ‘Serious’ About Defense

Tuesday, Nov 12, 2024 – 02:45 AM

While the US may wind down its record-setting constant stream of defense aid to Ukraine in the opening months of the Trump administration, American-made high tech weapon systems flowing to Taiwan look to increase.

That’s according to a new Financial Times report, which says Taiwan is mulling signing onto a new US weapons package worth over $15 billion. It’s being seen as a way for the self-ruled island to send an unmistakable message to the Trump administration that it’s serious about defending itself from a potential Chinese invasion.

Such a massive package is said to include 60 F-35 fighter jets and 400 Patriot missiles, along with ten retired warships, and four Advanced Hawkeyes – which is a sophisticated surveillance and reconnaissance plane equipped with the most advanced airborne radar in the world.

“Taiwan is thinking about a package to show that they are serious,” a former Trump admin official described to the FT.

“Assuming they follow through, they will go to the US national security advisor when they are named and present a very aggressive package of American hardware,” the person added.

A top official representing Taiwan’s military has said that informal discussions with Trump’s transition team are already underway about the huge arms sale.

The same Taiwanese official confirmed to FT, “There are quite a few big platforms and other items that our armed forces have had their eyes on for a long time but have not been able to acquire, so there’s a lot to choose from.”

A second Taiwan official was quoted as saying, “There is strong bipartisan backing for Taiwan, as you can see from the steady flow of legislation and resolutions aimed at bolstering support for Taiwan.” The statement highlighted that “The first Trump administration oversaw more frequent and higher-level visits and it unblocked arms sales to our country.”

And a statement trump by Trump transition team spokeswoman Karoline Leavitt has said, “The American people re-elected President Trump because they trust him to lead our country and restore peace through strength around the world.”

She vowed in relation to major global US rivals and ‘enemies’ like China that “When he returns to the White House, he will take the necessary action to do just that.”

Just last month, China’s PLA military had launched another round of large military drills that encircled Taiwan, which Taipei had blasted as an “unreasonable provocation”. The PLA military deployed warships and fighter jets to send a “stern warning” against “separatist acts of Taiwan independence forces”.

https://twitter.com/OSPSF/status/1855837581591667188

In a series of recent exercises, China’s military has practiced blockading key Taiwanese ports and areas, and assaults on maritime and ground targets, according the October words of an eastern theatre command’s spokesman.

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY

Germany Doesn’t Have Enough Paper For Early Elections? Paper Industry Contradicts Claims…

Tuesday, Nov 12, 2024 – 03:30 AM

Via Remix News,

In the latest sign that Germany is becoming a joke country, Federal Election Director Ruth Brand claimed the country does not have enough paper for early elections in a letter to Chancellor Olaf Scholz. She warned of “incalculable risks” if elections are held early.

Germany’s Chancellor Olaf Scholz arrives for a plenary session during an EU Summit at the Puskas Arena in Budapest, Friday, Nov. 8, 2024. (AP Photo/Denes Erdos)

She furthermore warned of a “great challenge in today’s world to actually procure paper and carry out printing ballots.”

Scholz himself is reportedly looking to delay elections as long as possible, and such an excuse may play right into his hands. He only wants a vote of confidence in January, two months after the dissolution of his government coalition, but now pressure is growing for new elections before Christmas, as the country’s economic situation continues to spiral.

https://twitter.com/RMXnews/status/1854269399899000953

Despite Brand’s claims about a paper shortage, the paper industry itself is actively contradicting her.

“We have paper. The German paper industry is very efficient,” said the managing director of the paper industry association, Alexander von Reibnitz to state-media outlet ZDF. Regarding whether the industry can provide enough paper, he said:

“The clear answer is yes. If ordered in time, we can supply the paper needed for an early federal election.”

In fact, even Poland has stepped in to help should Germany not be able to procure enough paper.

“If Germany needs printers and paper, we will definitely sell both to our neighbors,” said left-liberal MEP Dariusz Joński. “Polish companies will also profit from this, which will further increase the competitiveness of our economy.”

https://twitter.com/RMXnews/status/1854472829095256440

In another sign that claims of not enough paper may not hold water, Germany is the largest producer of paper in all the European Union. Almost 13 million cubic meters of paper were produced in 2020, while Poland is far behind with 3.5 million cubic meters.

For a national election, Germany will need several thousand tons of paper, according to estimates. There is therefore little doubt that federal elections represent a serious challenge. For example, in all of 2022, the administration of Germany used 3,800 tons of standard printer paper. For just one election, the country is expected to go through approximately the same amount of paper.

However, following news that the paper industry could indeed fulfill paper orders for a new election, Scholz agreed to a vote of no confidence before Christmas.

“I agree: if (SPD parliamentary group leader Rolf) Mützenich and (CDU opposition leader Friedrich) Merz come to an agreement, I will base my decision on that,” adding, “I am not clinging to my office.”

Read more here…

 

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL//

END

ISRAEL/HEZBOLLAH/GAZA

end

ISRAEL/AMSTERDAM

‘Cancer Jews’: Several arrested after tram set ablaze in week’s second Amsterdam riot

‘Cancer Jews’: Trams set alight, violence erupts in Amsterdam in second wave of violence

Pro-Palestine protestors had clashed with riot police earlier in the day at Amsterdam’s central Dam Square, leading to over 50 arrests.

By YUVAL BARNEA, DANIELLE GREYMAN-KENNARDNOVEMBER 11, 2024 22:40Updated: NOVEMBER 12, 2024 05:47

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-828672&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241111_17b1aecdb438e251e6a53d8e6277902f3fef1058&useBunnyCDN=0&themeId=140&unitType=tts-player

Violence erupted on the streets of Amsterdam on Monday night in the second wave of antisemitic attacks to hit the Dutch capital over the last week, according to local media reports. 

https://twitter.com/i/status/1856067780497551609

One of the city’s famous trams was set alight by rioters dressed in black and armed with fireworks, according to De Telegraaf. The rioters threw debris and shouted “Kanker Joden” (cancer Jews), but it is used to mean “f*** the Jews.” 

Rioters reportedly burned a tram in the city’s western suburbs and clashed with police earlier in the day.

https://twitter.com/i/status/1856070560704352753

A police spokesman said a tram at the ’40-’45 Square in the west part of Amsterdam had caught fire, likely caused by fireworks thrown at it. The windows of the tram were shattered.

No one was injured in the incident, as the tram had been empty, the spokesman said. 

Masked men reportedly roamed the streets yelling “Free Palestine.” De Telegraaf reported that journalists witnessed a bystander being ripped from his bike and beaten by the rioters.

It was later reported that private vehicles and bikes were destroyed.

The young rioters reportedly actively sought to confront officers.

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Geert Wilders, leader of the PVV, responded to the events by saying, “After the Jew-hunt, the Intifada.”

Wilders has been a strong defender of Israel and the Netherlands’s Jewish population while being deeply critical of Dutch immigration and integration policy.

Wilders heads the Dutch Parliament’s largest party, the Party for Freedom (PVV); however, due to being an extremely controversial figure within Dutch politics, he was blocked from becoming Prime Minister or even a minister.

Instead, Wilders helped organize the ruling bloc and assisted in steering policies, in effect being the de facto Prime Minister.

Amsterdam pogrom

Amsterdam was rocked by a pogrom that targeted Jews and Israelis in the city immediately after the soccer match between Maccabi Tel Aviv and the Dutch team Ajax.

Pro-Palestine protestors had clashed with riot police on Monday at Amsterdam’s central Dam Square, leading to over 50 arrests, according to Deutsche Welle.

Following the attack, the city announced a three-day ban on all demonstrations to maintain public order. Furthermore, the government had announced it would hold stricter border control until December 9.

Hundreds of people defied the ban, which had been upheld by a local court earlier in the day. 

They chanted “Free Palestine” and “Shame on you” and called for an end to the war in Gaza.

end

ISRAEL/HEZBOLLAH/

Israeli FM claims progress in Lebanon ceasefire talks; Hezbollah says no proposals were received

By REUTERS

NOVEMBER 11, 2024 12:40Updated: NOVEMBER 11, 2024 12:58

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-828547&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241111_17b1aecdb438e251e6a53d8e6277902f3fef1058&useBunnyCDN=0&themeId=140&unitType=tts-player

Israeli foreign minister Gideon Sa’ar said on Monday that there was progress in talks about a ceasefire in Lebanon but that the main challenge would be enforcing whatever was agreed.

Hezbollah has not received any proposals on a truce for Lebanon, a spokesperson said in response to Israeli claims.

“So far, according to my information, nothing official has reached Lebanon or us in this regard,” the head of Hezbollah’s media office, Mohammad Afif, said in a news conference in the southern suburbs of Beirut.

END

7 hurt as Hezbollah shells north; Sa’ar says ‘certain progress’ made on ceasefire

Some 190 rockets and drones fired at northern towns; toddler among wounded in Bi’ina; Hezbollah official says terror group has not received official truce proposal

By Emanuel Fabian, Follow
Lazar Berman, Follow
ToI Staff and Agencies11 November 2024, 3:04 pmUpdated at 5:29 pm

Emergency services survey the damage in Kiryat Ata after a major barrage of rockets was fired at the Haifa Bay area, November 11, 2024.

Seven people were wounded Monday, including a toddler, as some 190 rockets were fired at northern Israel by Hezbollah, as Foreign Minister Gideon Sa’ar said there had been “certain progress” toward a ceasefire in Lebanon.

A 27-year-old woman was moderately injured and a 35-year-old man and a 1-year-old girl were in good condition after they were hit by shrapnel following a rocket impact in the northern Arab town of Bi’ina just after noon. All three were taken by paramedics to Galilee Medical Center in Nahariya.

According to the Israel Defense Forces, some 50 rockets were fired at the Galilee in the attack, some of which were intercepted by air defenses, while several rockets struck the Karmiel area and nearby towns.

Hezbollah took responsibility for the barrage, claiming to have targeted “a training base for the Paratroopers Brigade in the Karmiel settlement.”

A short time later, the IDF said a drone launched from Lebanon was intercepted by air defenses over the northern kibbutz of Malkia. Earlier another drone from Lebanon crashed in an open area near the Western Galilee town of Liman, sparking a small brush fire.

In the afternoon, Hezbollah launched around 90 rockets in two barrages at Haifa, in one of the largest rocket attacks on the port city amid the fighting.

In the first barrage of 80 rockets, the IDF said that most were shot down by air defenses, but several struck inside towns. The second barrage consisted of 10 rockets, all of which the IDF said were either intercepted or hit open areas.

https://www.timesofisrael.com/3-hurt-in-hezbollah-barrage-on-north-as-saar-says-certain-progress-made-on-ceasefire/

https://customer-b1ezbl4fz7l5vj5n.cloudflarestream.com/0be73e48c769752766c6ede3201108f6/iframe

The scene of a rocket impact in the Haifa suburb of Kiryat Ata, November 11, 2024. (Magen David Adom)

Damage was caused to homes and cars in Kiryat Ata, a Haifa suburb, and four people were wounded, including a 52-year-old who was listed in moderate condition after being hit in the back by shrapnel. A teenager and an elderly man were slightly hurt by glass shards, and another man, 55, was hurt when he fell while running to a shelter, Magen David Adom said.

A short while after the attack on Haifa, the IDF said a Hezbollah rocket launcher used in the attack was destroyed in a drone strike.

Other towns and communities in the north were also targeted with rocket fire throughout the day.

The attacks came as the IDF continued its campaign against Hezbollah in Lebanon, which aims to allow some 60,000 northern residents to return safely to their homes after being displaced by near-daily attacks since Hamas’s October 7, 2023, terror onslaught.

Foreign Minister Gideon Sa’ar speaks during a handover ceremony at the Foreign Ministry in Jerusalem on November 10, 2024. (Menahem KAHANA / AFP)

Despite the ongoing attacks, Sa’ar told reporters in Jerusalem that there has been some movement toward a ceasefire with Hezbollah.

“There is certain progress,” Saar said in response to a question about a possible ceasefire. “We are working with the Americans on the issue,” he added.

“We will agree to it if we know, first of all, that Hezbollah is not on our border, is north of the Litani River, and that Hezbollah will not be able to arm itself again with new weapons systems,” he said.

Later Monday, an Israeli official told The Times of Israel, “We are now talking to the US about letters to anchor our ability and legitimacy to operate against any threat from Lebanon.”

Israel is demanding a side letter from the US that includes guarantees from Washington that Israel will be allowed to take military action in Lebanon against Hezbollah if the terror group manages to re-establish its military presence along the border.

The sides have made progress in drafting the letter, a US official told Axios, but it risks opposition from Hezbollah, which has asserted that it won’t accept any deal that allows Israel to resume its military actions in Lebanon.

“If there are any attempts to fire at us, to build up their military, to bring in weapons through Syria, we will act,” promised the Israeli official to The Times of Israel.

“We want to see Hezbollah north of the Litani [River], we want to see the Lebanese army in southern Lebanon, we want to see a stop to the flow of weapons through Syria,” continues the official, repeating long-standing Israeli demands.

The official confirmed that an Israeli delegation was in Moscow recently to discuss Russia’s role in ensuring that weapons don’t reach Hezbollah through Syria.

Russia is a major player in Syria, and its cooperation in a diplomatic arrangement to end fighting between Israel and Hezbollah could be an important part of a deal that keeps the Iran-backed group from rearming.

Israel expects a ceasefire to be reached during the remaining weeks of the Biden administration, said the Israeli official, but that “also depends on the Lebanese side.”

“We have a plan to expand our operations if Lebanon says no,” the Israeli official warned.

Meanwhile, Hezbollah spokesman Mohammed Afif said that the terror group had not received any official ceasefire proposal.

Asked about ceasefire prospects, Afif said that since the election of Donald Trump last week to the United States presidency, there were “contacts between Washington, Moscow, Tehran and other capitals.”

“I believe that we are still in the phase of testing the waters and presenting initial ideas and proactive discussions, but so far there is nothing actual yet,” he added.

But he said, “According to my information nothing official has reached Hezbollah or the Lebanese state.”

Hezbollah’s chief spokesman Mohammed Afif speaks during a press conference in Dahiyeh, in the southern suburb of Beirut, Lebanon, Monday, Nov. 11, 2024. (AP Photo/Hussein Malla)

US officials have said they will make a final push to reach deals in the conflicts in Lebanon and Gaza, although it is unclear how much leverage they have over Israel and other regional actors now that US President Joe Biden is a lame duck.

Also on Monday, Lebanese media outlets reported that some 30 people have been killed in an airstrike on a building in the northern Lebanon village of Ain Yaaqoub, in the Akkar Governorate.

There was no immediate comment from the IDF.

https://twitter.com/i/status/1856012910415184192

The location of the strike was unusual. The vast majority of Israeli strikes in Lebanon have been limited to the south of the country, the Beqaa Valley, and Beirut.

The conflict along the Blue Line escalated significantly this past September when Israel, after 11 months of Hezbollah cross-border fire, carried out a wave of heavy airstrikes that killed Hezbollah leader Hassan Nasrallah and most of his top commanders.

It then launched a ground invasion into southern Lebanon, aiming to push Hezbollah away from the border so that tens of thousands of Israelis evacuated from their homes in northern Israel can safely return.

ISRAEL HAMAS/

Ministers approve steps to alleviate Gaza humanitarian crisis ahead of US deadline

By Jacob Magid

Palestinians walk amid the destruction following an Israeli strike in Jabalia in the northern Gaza Strip on November 10, 2024. (Omar AL-QATTAA / AFP)

The security cabinet at a Sunday meeting approved a series of steps aimed at boosting the humanitarian situation in Gaza, ahead of the Wednesday deadline set by the US for Israel to address the crisis or risk a partial embargo on weapons from Washington, an Israeli official told The Times of Israel.

The US sent Israel a letter on October 13, warning that it had 30 days to take a list of steps or risk being out of compliance with US law, which bars the transfer of offensive weapons to countries that block access to humanitarian aid.

Among the steps demanded by the US was for Israel to increase the amount of aid going into Gaza to 350 trucks per day. That number has been well under 100 on average for the past several months.

Among the list of measures approved by the security cabinet on Sunday is an unspecified increase to the amount of aid entering the Strip, but an Israeli official tells Axios that Israel won’t be able to meet the 350 truck benchmark set by the US.

Another measure approved by the cabinet is the inland expansion of the Muwasi coastal humanitarian zone, which the IDF already started widening in recent weeks.

The ministers also agreed that Israel will send a written commitment that it is not seeking to forcibly deport Gazans from combat zones, Channel 13 reports. This appears to be in response to a US demand in its letter that Israel clarify that it is not seeking to “isolate northern Gaza,” through the implementation of the so-called General’s Plan.

The plan envisions the IDF laying siege to northern Gaza in order to prevent the resurgence of Hamas, and the IDF has insisted it is not carrying it out. US Secretary of State Antony Blinken asked Prime Minister Benjamin Netanyahu to publicly do the same, but the premier declined to do so amid pressure from his far-right coalition partners, a US official told The Times of Israel last month.

It is unclear if the written commitment described by Channel 13 will suffice what the US was seeking from Israel.

The US letter made a separate, seemingly lower-tier request for Israel to allow the Red Cross to visit Palestinian security prisoners amid mounting reports of abuse in Israeli prisons.

Channel 13 reports that this request was denied by the security cabinet. Hamas has refused to allow the Red Cross to visit the remaining 101 hostages in Gaza.

Ministers during the security cabinet meeting pressed Netanyahu on why these measures were necessary, given that US President Joe Biden is on his way out and that Trump is unlikely to implement any sort of arms embargo against Israel, especially on his first days in office.

Netanyahu responded that Biden still can take steps against Israel in his final two-plus months in office and that boosting the Gaza humanitarian situation would be important in mitigating such moves, Channel 13 says.

A US official tells The Times of Israel that Israel has met some of the demands that the administration made in its letter but has fallen well short of others thus far.

END

ISRAEL /HAMAS

IDF announces names of four fallen soldiers, killed in northern Gaza Strip

All four soldiers were from the Shimshon Battalion (92), Kfir Brigade.

By JERUSALEM POST STAFFNOVEMBER 12, 2024 06:06Updated: NOVEMBER 12, 2024 06:23

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-828697&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241111_17b1aecdb438e251e6a53d8e6277902f3fef1058&useBunnyCDN=0&themeId=140&unitType=tts-player

Staff Sergeant Orr Katz, Staff Sergeant Nave Yair Asulin, Staff Sergeant Gary Lalhruaikima Zolat, and Staff Sergeant Ofir Eliyahu were all killed in battle while fighting in the northern Gaza Strip, the IDF announced on Tuesday morning.

St.-Sgt. Katz, 20, from Ma’ale Adumim, was a combat medic.

St.-Sgt. Asulin, 21, from Carmit, St.-Sgt. Zolat, 21, from Afula, and St.-Sgt. Eliyahu, 20, from Holon, were fighters.

All four soldiers were from the Shimshon Battalion (92), Kfir Brigade.

IDF tally

According to the IDF’s tally, the death of St.-Sgt. Katz, St.-Sgt. Asulin, St.-Sgt. Zolat, and St.-Sgt. Eliyahu raises the total of soldiers killed on or since October 7 of last year to 787.  

Some 373 of this number were killed since the start of the military’s ground operations in the Strip on October 27.

END

ISRAEL HEBZOLLAH

WATCH: IDF destroys most of Hezbollah weapons sites in Dahiyeh, mainly under civilian locations

IDF intelligence had been tracking these underground facilities for years, and over recent weeks, the air force focused on destroying them.

By YONAH JEREMY BOBNOVEMBER 12, 2024 19:04Updated: NOVEMBER 12, 2024 19:28

https://player.jpost.com/public/player.html?player=jpost&media=3798507&url=https://www.jpost.com/middle-east/article-828817Footage from the strikes in Dahiyeh, where numerous secondary explosions were identified, indicating the presence of weapons within the targeted infrastructure (IDF Spokesperson’s Unit).

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-828817&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-

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https://www.jpost.com/middle-east/article-828817

The IDF announced on Tuesday that it has now destroyed the vast majority of Hezbollah’s weapons manufacturing and storage facilities, which had been hidden under civilian locations in the Dahiyeh neighborhood of the Lebanese capital in Beirut.

In the past, these facilities had been used to manufacture hundreds of rockets and missiles used against the Israeli home front.

IDF intelligence had been tracking these underground facilities for years, and over recent weeks, the Israeli air force escalated its focus on destroying them after a previous focus on killing top commanders and destroying deployed rocket cells.

According to the IDF, there have been numerous cases where they struck a site that was nominally for civilian use, but the attack led to blatant secondary explosions, which could only have come from Hezbollah’s militarization of Dahiyeh’s civilian sector underground.

More specifically, the IDF revealed new details about its destruction of a Hezbollah site, including five buildings, which it had flagged to the UN in 2020 in the al-Shufiat neighborhood.

The site was used to develop long-range precision rockets that could hit central Israel despite having around 50 civilian families above ground and being only 85 meters from a school.

Hezbollah’s mixing of military and civilian locations 

Further, the IDF said that such a Hezbollah strategy of mixing military and civilian locations had led to the August 4, 2020 disaster in which an accidental explosion from a military Hezbollah site at the Port of Beirut killed 190 civilians and wounded thousands.

In addition, the IDF presented numerous graphics of what the site had held and looked like and videos of their destruction, including secondary explosions.

Despite the announcement, Hezbollah managed to kill two Israelis in Nahariya with rockets on Tuesday and wounded seven on Monday.

Even after the IDF has eliminated much of Hezbollah’s top commanders and weaponry, the Lebanese terror group has managed to rain down large volumes of rockets on Israel every day, with no end in sight absent a ceasefire

END

ISRAEL/IRAN

Katz: Taking out Iran’s nuke program has never been more realistic

The IDF said the air force and artillery batteries targeted a rocket launcher in response, promising to continue defending its civilians.

By YONAH JEREMY BOB, JERUSALEM POST STAFFNOVEMBER 12, 2024 04:14

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-828694&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241111_17b1aecdb438e251e6a53d8e6277902f3fef1058&useBunnyCDN=0&themeId=140&unitType=tts-player

Seven people in the North were wounded by Hezbollah rockets on Monday, as the terrorist group fired around 175 projectiles, mostly at Haifa and its bayside suburbs.

The IDF said the air force and artillery batteries targeted a rocket launcher in response, promising to continue defending its civilians.

Four people were wounded in a barrage on Kiryat Ata, and three others, including a one-year-old girl, were wounded when a rocket hit the northern Arab town of Bi’ina. The victims suffered light to moderate wounds. Several rockets directly hit civilian areas, damaging property as well.

Lebanese Hezbollah-affiliated network Al-Maydeen said Hezbollah launched two ballistic missiles during the attack.Late Monday night, Defense Minister Israel Katz said the diplomatic, operational, and tactical situation for attacking Iran’s nuclear program has never been as doable, realistic, and likely as it is now.

Katz noted how Israel’s two counterattacks on Iran – following Tehran’s attacks on April 13-14 and October 1 – have made it clear how superior the IAF is to even the most advanced aspects of the Islamic Republic’s air defense systems.

“There is an opportunity to achieve the most important goal – to thwart and remove the threat of destruction hanging over the State of Israel.

Israel targets Iran sites amid tensions

“Today there is a broad national and defense establishment consensus that we need to thwart the Iranian nuclear program and there is an understanding that this is doable – not only on the security front, but also on the diplomatic front,” said Katz.

Despite the defense minister’s statement, many officials, including former prime ministers Naftali Bennett and Yair Lapid, called for the air force to strike Iran’s nuclear program on October 26.

Instead, the Air Force was ordered by the government to strike about 20 ballistic missile production and air defense sites in Iran.

By press time, Katz’s office had not responded to an inquiry about whether Israel was ready to strike Iran’s nuclear program, given that the government chose not to do so on October 26.

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In addition, Katz said there would be no ceasefire with Hezbollah unless three conditions were met: It commits to remaining north of the Litani River; Israel retains the right to ensure Hezbollah’s side of the deal is upheld; and Israel be given leeway to attack weapon-smuggling attempts.

Although the IDF has been attacking weapon-smuggling attempts focused on Syria for years, between wars, they still began too late to prevent Hezbollah from growing its rocket arsenal to 150,000 rockets – until the current war.In the war in Gaza, the IDF announced on Monday that Maj. (res.) Itamar Levin Fridman, 34, from Eilat and of the special counter-terror LOTAR Unit, was killed by an anti-tank missile while fighting in Jabalya.

The IDF added that Nahal Brigade troops, operating under the Gaza Division command, had carried out narrow and focused operations on terrorist sites around Rafah in recent months, based on highly specific intelligence as opposed to earlier stages in the war when invasions of Gaza were broader and more fluid.

Recently, some of these operations led to both the elimination of multiple terrorists and the discovery of weapon storage facilities with enemy ammunition stockpiles left behind in the Shabura neighborhood of Rafah.

In a search near a mosque and hospital, the brigade’s engineering forces dismantled a weapons storage facility containing observation equipment, drones, manufacturing supplies, explosive devices, and dozens of mortar shells.Additionally, the brigade struck multiple terrorist infrastructure sites, armed cells, anti-tank missile sites, weapons storage locations, and underground facilities.

The IDF said it had halted, inspected, and arrested a suspicious “humanitarian” caravan that turned out to be terrorists disguised as aid workers to smuggle weapons.

During its inspection, the military found weapons, leading to the arrest of those involved. The military turned the terrorists over to special IDF interrogations Unit 504.

Finally, the IDF emphasized that the caravan had not succeeded in sneaking through an Israeli crossing but rather had merely been trying to travel between northern and southern Gaza.

Overnight, the IDF, Shin Bet (Israel Security Agency), and Border Police apprehended eight suspects across the West Bank.

In Beit Umar, troops detained one wanted suspect and seized dozens of canisters containing explosives. In Rabud, soldiers confiscated an M-16 rifle, while in Jelazoun, a handgun was seized. Several individuals were also questioned for suspected terror activity.

Additionally, operations in villages across the northeastern part of the West Bank led to the arrest of four suspects, with the seizure of a drone and military equipment. In Nablus, three more suspects were detained.

Darcie Grunblatt and Yuval Barnea contributed to this report.

END

IRAN/opinion..

/USA/ISRAEL

Trump taps Jewish allies Stephen Miller, Lee Zeldin for top roles in next admin

Immigration hardliner behind family separations, ‘Muslim travel ban’ to serve as deputy chief of staff for policy; ex-GOP lawmaker to head Environmental Protection Agency

By JTAToday, 12:46 am

Former president Donald Trump’s adviser Stephen Miller (L) and former Rep. Lee Zeldin. (Collage/AFP)

Donald Trump has tapped Stephen Miller, one of his most prominent Jewish advisers and a force behind many of his most hardline immigration policies, to be deputy chief of staff as the former president returns for a second term.

Miller will take his new position following a campaign during which Trump promised to make the mass deportation of millions of undocumented immigrants one of his highest priorities. Miller has spoken extensively about how Trump could achieve that goal — one of his central campaign pledges — and told The New York Times last year that the president-elect will do “whatever it takes” to achieve it.

Trump has not yet publicly commented on Miller’s appointment since it was reported Monday morning by CNN, but Vice President-elect J.D. Vance praised the selection as “another fantastic pick by the president.”

During Trump’s first term, Miller, now 39, was credited with helping to mold some of Trump’s most controversial actions on immigration. That includes the travel ban on a number of Muslim-majority countries, as well as his policy to separate the children of undocumented migrants from their parents. A broad spectrum of Jewish groups across the religious spectrum decried both policies. The family separation policy was one of several actions that inspired the formation of Never Again Action, a grassroots Jewish activist movement for undocumented immigrants.

Miller reportedly also hoped to eliminate all refugee admissions to the United States, dismantling a policy put in place in the wake of the Holocaust.

Since Trump left office, Miller has served as president of the conservative group America First Legal, which has tried to advance the same ideology via the court system.

Now, Miller is almost certain to play a significant role in any immigration policy Trump brings forward and has extensively discussed how he would take action on the issue. The president-elect has vowed to begin “the largest deportation effort in American history” immediately upon his return to the White House.

US Border Patrol agents, front, speak with migrants seeking asylum, mainly from Colombia, China and Ecuador, in a makeshift, mountainous campsite after crossing the border between Mexico and the United States, February 2, 2024, near Jacumba, California. (AP/Gregory Bull)

Miller has hinted the administration could take further unprecedented steps to enact those deportations, including deploying National Guard troops from red states to enter uncooperative blue states. He has also suggested putting detained migrants in “vast holding facilities that would function as staging centers,” which have been described as camps. Miller told the Times such facilities would be built “on open land in Texas near the border.”

He has also used nativist rhetoric on the campaign trail. Last month, he spoke at a controversial Trump rally at New York’s Madison Square Garden that drew comparisons to a pro-Nazi rally held there in 1939.

“Who’s going to stand up for the girls of America, the women of America, the families of America?” he said. “Who’s going to stand up and say, ‘The cartels are gone, the gangs are gone, America is for Americans and Americans only’?”

Miller, himself the descendant of Jewish immigrants, married Katie Waldman, who is also Jewish and took his last name, at the Trump DC hotel during the incoming president’s first term. The wedding was officiated by Rabbi Aryeh Lightstone, who played a role in the Trump administration’s Abraham Accords normalization agreements between Israel and several of its Arab neighbors.

Katie Miller was a press secretary to Trump’s first vice president, Mike Pence, and to the Department of Homeland Security. It has not yet been announced whether she, too, would play a role in the next Trump term. At the height of the family separation policy, she visited detention centers at the border but said she felt no compassion for the migrants held there.

Also on Monday, Trump announced that Tom Homan, his former acting director of Immigrations and Customs Enforcement, would become his second administration’s “border czar.” Homan, an enthusiastic proponent of Trump’s immigration crackdown, was berated by a Holocaust survivor during Trump’s first term.

Miller has repeatedly attracted vocal opposition from Jewish organizational leaders and activists, many of them citing American Jews’ historical advocacy for immigrant rights. During Trump’s first term, an array of Jewish elected officials and groups, including the Conservative, Reform and Reconstructionist movements, called for Miller’s resignation owing to leaked emails in which he echoed white nationalist rhetoric.

Miller has also cited his Jewish identity to push back against his critics. In 2019 he told Fox News he was being targeted for being Jewish.

“It is an attempt on the part of the Democratic Party to attack and demonize a Jewish staffer,” he said at the time, referring to reports of his promotion of white nationalist talking points. “And make no mistake, there is a deep vein of antisemitism that is running through today’s Democratic Party.”

That hasn’t stopped his Jewish critics this year. Just before the election, a former rabbi of Miller’s also endorsed Trump’s Democratic rival Kamala Harris, declaring about Miller, “I felt embarrassed and ashamed that a Jew in a leadership role could give voice and support to such inhumanity.”

Zeldin for EPA

Also on Monday, Trump announced that he will appoint Jewish former GOP lawmaker Lee Zeldin to run the Environmental Protection Agency.

“He will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet,” Trump said in a post on his social media platform Truth Social.

Trump will likely look to reverse many rules administered by the EPA on the burning of fossil fuels, including one curbing carbon emissions from power plants and another slashing such emissions from vehicles.

“We will restore US energy dominance, revitalize our auto industry to bring back American jobs and make the US the global leader of AI,” Zeldin wrote on X.

Zeldin represented New York’s 1st Congressional District in eastern Long Island from 2015 to 2023 and gained wider name recognition in 2022 by mounting a surprisingly competitive campaign for governor of New York State. He lost to Gov. Kathy Hochul by fewer than seven points, the closest a Republican has come to leading the state since Gov. George Pataki was reelected two decades ago.

During his 2022 election campaign, Zeldin leaned into his Jewish background to rally Orthodox communities, telling voters in Brooklyn about how his grandfather founded a synagogue and how his mother taught at a Brooklyn yeshiva. At the time, the yeshiva system was facing accusations from the media and activists that it was failing to meet the state’s secular education standards, which became a top issue for Orthodox voters.

Zeldin joined the board of the Republican Jewish Coalition shortly after the gubernatorial election.

Zeldin was an avid defender of Trump while in Congress, but kept a distance from Trump during the gubernatorial race in New York, where the former president was unpopular at the time.

Times of Israel staff contributed to this report.

END

ISRAEL/HEZBOLLAH

END

END

ISRAEL/HOUTHIS/USA

What on earth is Biden waiting for: Take these idiots out!

(zerohedge)

Houthis Claim Missiles & Drones Targeted US Aircraft Carrier Near Critical Maritime Chokepoint

Tuesday, Nov 12, 2024 – 12:45 PM

Yahya Sarea, the Houthi military spokesman, wrote on X that the Yemeni Armed Forces conducted two military operations, “the first of which targeted the American aircraft carrier (Abraham) in the Arabian Sea with several cruise missiles and drones, and the other targeted two American destroyers in the Red Sea with a number of ballistic missiles and drones.”

Sarea said the military operations were in “retaliation to the American-British aggression against our country and in continuation of triumphing for the Palestinian and Lebanese peoples.” 

https://twitter.com/i/status/1856374263961285060

He provided more color on the alleged missiles and loitering munitions attack on US warships across the critical maritime chokepoints:

• The missile, UAV forces of the Yemeni Armed Forces carried out two specific military operations. The first operation targeted the American aircraft carrier (Abraham) located in the Arabian Sea with a number of cruise missiles and drones while the American enemy was preparing to carry out hostile operations targeting our country. The operation has successfully achieved its objectives and led to thwarting the operation that the American enemy was preparing against our country.
• The other operation targeted two American destroyers in the Red Sea with a number of ballistic missiles and drones. The operation has successfully achieved its objectives. The two operations took eight hours in a row.
• Accordingly, the Yemeni Armed Forces hold the American and British enemy responsible for turning the Red Sea region into a zone of military tension and its repercussions on maritime navigation.
• Launching an aggression against Yemen within the American-British defensive shield of the Israeli enemy by the American warships will only push the Yemeni Armed Forces to further use their legitimate right to defend, confront and strike all hostile threats in the Red and Arab Seas and in any other region that Yemeni weapons reach.
• Launching an aggression againThe operations of the Yemeni Armed Forces will not stop until the aggression on Gaza is stopped, the siege is lifted, and the aggression on Lebanon is stopped.t Yemen within the American-British defensive shield of the Israeli enemy by the American warships will only push the Yemeni Armed Forces to further use their legitimate right to defend, confront and strike all hostile threats in the Red and Arab Seas and in any other region that Yemeni weapons reach.

There has been no public statement from United States Central Command about the alleged Houthi operations against its warships. However, CENTCOM did publish this footage from the USS Abraham Lincoln earlier. 

https://twitter.com/i/status/1856333671856238767

*Developing…

UKRAINE/RUSSIA/USA//OPINION

Has the Deep State Truly Been Defeated?

Or: “How I Learned to Stop Worrying and Love the Donor Class”

by steve_brownNovember 12, 202418Views//THE dURAN

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It’s been exceedingly entertaining to watch the meltdown of the Trump opposition subsequent to his historic general election win, on November 5th. I must confess that I — like many others — actually called this to be a Trump landslide*, prior. The call mainly based on common sense. Common sense that the US electorate is not quite as far gone as is universally imagined, and that the major media’s Vile Empire has a tenuous hold on only one-half of the US electorate, and probably no hold at all on the other half.

Contributing to the landslide prediction was a concept that I’ve written about before on this site, November 20, 2019 , and before that, about Trump’s Limited Hangout, where the Trump phenomena appeared to be an elaborate form of political theater.

But this time, the most fascinating meltdown of all came from the CIA’s captured media, a planned propaganda coup of US Deep State proportion, forecasting nonsensical Neocon-heavy picks for high-level cabinet positions, where even the Guardian joined in the fun.

Most disturbing of all was an allegation made by the Washington Post (read: CIA), an actual lie, that Trump had called Vladimir Putin on November 7th, and warned Russia’s president not to escalate in the Ukraine. [ie Russia’s borderland. – ed.]  Bezos’ CIA-led Washington Post story was revealed to be false by the Russian government,  and by the Kiev regime itself.

Of course Bezos, the goggle-eyed ‘trillionaire’ evidently as obsessed with large mammary glands as he is with the fact that his company is prevented from doing business in Russia, will happily throw a tantrum at the election result, and lie about the Russian government with every opportunity presented to him, since he is in cahoots with the CIA and no doubt for big bucks too. [As we well know the OSS – later the CIA –  has been attempting to destabilize Russia since 1918, but began in earnest with Frank Wisner in 1947.  Note that Wisner later committed suicide, which is at least one means by which to release oneself from the vile grasp of these homicidal-maniacs.  -ed.]

Anyway, on the Trump picks we do know about, one is Mike Walz as National Security Advisor, and the Walz pick is of Neocon-level concern. Like a multitude of others using the trope, Walz calls Russia a “gas station with nukes” (Reuters article) a comment one can read from the top levels of power in the west  down to any lazy commentator in the Washington Post “comments” forum on the WaPo site itself.

But what Trump is signaling, is not necessarily a US desire ‘for peace’ and to wind down America’s many wars, but that the honchos in State and the Pentagon know that Russia cannot be defeated. That is, Russia cannot be ejected from the Crimea or Donbas, where Russia appears poised to march to the Dnepr in the coming months; and potentially from there to Odesa, which will provide a land corridor to Transnistria.

Furthermore recall that Trump owes much to his donor class, who truly own and operate the United States political system, along with their Wall Street banks. The former United States is after all a plutocracy — not a ‘democracy’ — and certainly not a Constitutional Republic since the state-sponsored coup in Texas of 22 NOV 1963.

The nod to Walz and Stefanik in tandem with Trump transition boss Howard Lutnick of Cantor-Fitzgerald,  may really be prompted by card-carrying Zionist and Israel-firster Miriam Adelson, and of course the Wall Street powers. This is borne out by the big rise in Wall Street share prices and bitcoin, when Trump’s election success was announced.

Trump’s donors also include  Timothy Mellon of the notorious Bank of New York Mellon family and Richard Mellon-Scaife fame, and the recently deceased Bernard Marcus, Home Depot founder, and another Israel-firster.

The point however, is that Trump largely earned the power (such as it is) of the US presidency by the electorate, via his selection of Vance as Vice presidential candidate, and the backing of RFK Jr, Byron Donalds, Tulsi Gabbard, Tucker Carlson, and Vivek Ramaswamy, whose advocacy convinced many voters to switch their votes to the red, regardless of the abject incompetence of the DNC. (Unwisely the DNC based their campaign solely on gender and race, divisive issues which alienate many voters.) 

Now it appears that Trump may turn on Vivek and provisionally appoint another Neocon miscreant — Marco Rubio — as Secretary of State, even if that appointment has not been announced yet. Vivek may not have fully comprehended the power of the Death Cult lobby, as represented by Miriam Adelson and her ilk.

Ultimately the question is whether Trump can deliver. There is a major media campaign to smear Trump and his supporters before he takes office. The media campaign is so sustained and so vicious, with Dana Schwartz (aka Bash) as the centerpiece of the vitriol, accompanied by acolytes on “The View”, the BBC, Guardian, and even al Jazeera which exhibits a constant anti-Trump bias. In other words, virtually all of the major media is obsessed with sinking Trump before he begins. The question is… why?

During his first term, Trump appeased the Neocons, US Warfare State, MIC, Wall Street and its corrupt banks, and Israel to the maximum extent possible. But the establishment still turned on him.  Why?

Trump has now appealed to Libertarians and Populists, with his surrogates Vivek, Tucker Carlson, Donaldson, RFK jr, Tulsi and Vance.  And once again the question is whether Trump will deliver on the promise of winding down the wars, proscribing the globalists, stemming the tide of illegal immigration along with return of manufacturing jobs to US shores, despite vehement objections by Wall Street and those who profit from asset-stripping the US.

Also being the promise to cleanse the Beltway of the malignant Neocon cancer infesting it, and the Warfare State that is Wall Street, its MIC, BlackRock, Vanguard and State Street and their banks. Until these forces of evil are defeated and expunged, America will continue on as the central purveyor of horror, war, death and destruction all over the globe to the extent that its corrupt system has evolved.

And only then the question may be answered: has the Deep State truly been defeated?

Steve Brown

END

UKRAINE/RUSSIA/USA/Monday

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

SPECIAL THANKS TO ROBERT H FOR BRINGING THIS TO OUR ATTENTION:

After this how can anyone believe that government give a hoot about citizens ?

In Germany and English.

How many people have needless issues from these shots let alone economies that have forever been changed.

https://youtu.be/-j7qjedth3A?si=oxxUEmIBLYv7u1cS

GLOBAL ISSUES

MARK CRISPIN MILLER

DR PAUL ALEXANDER

Do not be surprised if Biden steps down and Harris becomes the first female POTUS for a few weeks! It will be a genius move by the left & in this crazy election era, expect that madness! I may be

wrong but expect this from them to try to unsettle Trump’s start at his fresh 4 years as POTUS 47. Liberals bend and stretch, break & push the rules and envelope when they think it can benefit them!

Dr. Paul AlexanderNov 11

READ IN APP

Link

Darkfield Live Blood Analysis COVID19 Unvaccinated Individual – How Many Microchips, Nano/Microwires Can You Find In One Drop Of Blood? A LOT.Ana Maria Mihalcea, MD, PhD Nov 11  READ IN APP Image: Mesogen microchips with microwires. Magnification 400x.In this post I wanted to remind people that shedding and environmental exposure of self assembly nanotechnology is a reality. A patient came in to get their blood checked after spending time with COVID19 vaccinated individuals. Substack only allows so many images but in 1 drop all of this was present. People do not notice much until they get hit with a major diagnosis like turbo cancer, heart attacks or strokes. I still recommend people look at their blood and take precautions. I remain highly concerned about the EMF/5G/ AI/ HAARP grid that is transforming humanity without their knowing.In these articles you can see that this is technology – as correlated with the self assembly seen in the COVID19 bioweapons. Pfizer BioNTech COVID19 Solution Builds Mesogen Microchips When Left At Room Temperature. Exactly What We See In COVID Unvaccinated Blood From Shedding. Two Week Follow UpDarkfield Live Blood Microscopy Of A Discoid Mesogen Self Assembly Nanotechnology Device In C19 Unvaccinated BloodAre Programmable Nanotechnology Biosensing Mesogen “Computer Chip” Devices Being Self Assembled In C19 Uninjected Blood ? How Dangerous Is Self Spreading Nanotechnology? Image: Polymer filament and micellar construction site. Magnification 400x.Image: High level of fibrin, indicating acidity and distress. Magnification 400x.Image: Multiple micellar construction sites building mesogens. Magnification 400x.Image: Mesogen microchip. Magnification 400x.Image: Mesogen microchip with microrobots, polymers and microwires. Magnification 2000x.Image: Another Mesogen microchip in construction. Magnification 400x.Image: Microwires and mesogen. Magnification 400x.

SLAY NEWS

Ex-Pfizer VP: Covid ‘Vaccines’ Were ‘Deliberately Designed’ to ‘Kill & Reduce Fertility’The former vice president of pharmaceutical giant Pfizer has given an explosive testimony and blown the whistle on the true motivations behind the company’s Covid mRNA “vaccines.”READ MORE

47-Year-Old Pilot Drops Dead in Front of Horrified VacationersA 47-year-old British Airways pilot has collapsed and died suddenly, according to the airline.READ MORE

Biden-Harris Admin Bureaucrats Already Looking for New Jobs After Trump VictoryFederal bureaucrats serving in the Biden-Harris administration are reportedly scrambling like rats to jump off the ship following President Donald Trump’s historic election victory.READ MORE

Illinois Federal Judge Blocks State’s ‘Assault Weapons’ BanA federal judge in Illinois has declared the state’s “assault weapons” ban unconstitutional, marking a significant legal decision.READ MORE

Barron Trump Played Key Role in Father’s Historic Election VictoryPresident Donald Trump’s resounding victory over failed Democrat presidential candidate Kamala Harris is one for the history books, to say the least.READ MORE

Filmmaker Justine Bateman: ‘Woke Party’ Now Destined for ‘Political Graveyard’Though liberals across the country are doing their best to deny it, Tuesday’s election represented to many a political shift the likes of which the United States has not seen in decades.READ MORE

Biden Calls for Orderly Presidential Transition amid Ongoing Outrage from Democrats over Trump WinLame-duck President Joe Biden appears to be taking a much calmer approach to the outcome of the election amid a firestorm of hyperbolic outrage from the Democrats and their allies.READ MORE

CNN’s Fareed Zakaria Warns Democrats Only Have Themselves to Blame for Election Losses: ‘They Blew It’Anti-Trump CNN host Fareed Zakaria has blasted the Democrats for their recent election losses, warning they only have themselves to blame.READ MORE

Iraq Moves to Lower Girls’ Age of Consent from 18 to 9The government in Iraq is moving to pass new laws that would lower the legal age of consent for girls from 18 to just nine years old.READ MORE

NEWWS ADDICTS

Republicans Will Keep Control of the HouseIt’s official: Republicans will maintain control of the House of Representatives for the next term. Decision Desk HQ called the race for Arizona’s 6th Congressional District for Republican Juan Ciscomani and shortly thereafter called the House for Republicans. At publishing time, Republicans had 218 seats to the Democrats’ 209. While there are still a few outstanding races, they would not …READ THE FULL REPORT

Tom Homan Speaks Out After Being Selected as Trump’s Border CzarTough-talking Tom Homan is back with a mission to fix the border disaster that defined the Biden administration. Homan, who was the acting director of Immigration and Customs Enforcement in President-elect Donald Trump’s first administration, will be Trump’s “border czar,” a role filled in the Biden era by Vice President Kamala Harris. Homan has said that if he came back …READ THE FULL REPORT

BIG BREAKING – Trump taps Lee Zeldin to run the EPA!President-elect Trump has just tapped Lee Zeldin to run the Environmental Protection Agency, according to the New York Post. This is fantastic news because to put it simply, Lee Zeldin is awesome. He made inroads in 2022 in New York State for governor and helped give Republicans the majority. I’m sure he’ll lead the EPA the way it’s supposed to …READ THE FULL REPORT

Dems Have Another Problem to Worry About as Man Who Helped Trump Win Has Eyes on Blue StateConservative activist Scott Presler, whose organization Early Vote Action helped swing Pennsylvania to the right in the general election, announced Monday he will be working to do the same in neighboring New Jersey. “I make a commitment right here & now that we will be registering new Republican voters in New Jersey & commit time in 2025 to the gubernatorial …READ THE FULL REPORT

Watch: Oprah Gets Cornered by Reporter and Asked About Her Million Dollar Payday from KamalaIf there was anything that gave you a window into why you shouldn’t vote for Democrats and how bad they are with money, it would be how Kamala Harris and her team reportedly spent like drunken sailors, ripping through the huge amount of money they had for their campaign. They had over a billion dollars and not only spent it …READ THE FULL REPORT

priceless: Trump ‘Resignation Letter’ to McDonald’s Is Now Out for Everyone to See Donald Trump Jr. shared a humorous letter on social media Wednesday, addressed to the McDonald’s Corporation and signed “Donald Trump.” The satirical resignation letter, which Trump’s oldest son published to Instagram, was addressed to “Management at McDonald’s.” “Please accept this letter as formal notice of my resignation from my position at McDonald’s, effective Monday, January 20, 2025,” Trump supposedly wrote. …READ THE FULL REPORT

Watch: Biden Struggles to Walk Through Sand at Delaware Beach President Biden appeared to have a difficult time navigating his way through the sand while visiting Rehoboth Beach in Delaware over the weekend.READ THE FULL REPORT

Netanyahu says he spoke to Trump 3 times last week Israeli Prime Minister Netanyahu told Israelis today that he spoke to President-elect Trump three times last week.READ THE FULL REPORT

Trump Plots Massive Election Day Overhaul That Is Set to Change the Future of US Voting Members of President Donald Trump’s inner circle are signaling the new administration could implement a massive election overhaul that would cement protections Republicans have been demanding since 2020.READ THE FULL REPORT

Hackers Are Targeting People Who Type These Six Words Into Their Computer Computer users Googling whether Bengal cats are legal to own after finding themselves victims of a bizarre cyber attack.READ THE FULL REPORT

EVOL NEWS

Furious women start Anti-Trump ‘MATGA’ movement—which glorifies poisoning men: ‘They asked for it’ – EVOLREAD MORE…

LATEST NEWS:

Trump announces savage Tom Homan, former director of ICE, as new ‘border czar’ – EVOLRead more…Charlamagne FLABBERGASTED to learn 1 in 3 voters of color supported Trump – EVOLRead more…Hackers Are Targeting People Who Type These Six Words Into Their Computer – EVOLRead more…‘Shut It Down’: Vivek Ramaswamy Talks to Tucker About ‘Mega Reorganization’ of Federal Bureaucracy – EVOLRead more…King Charles Finally Cuts Off Spoiled Prince – EVOLRead more…NFL Star Who Wore a MAGA Hat on Field Calmly Takes a Victory Lap as Reporters Pester Him About Election – EVOLRead more…One Killed, 16 Injured After Shooting at Alabama University – EVOLRead more…

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:  1.0611 DOWN 0.0052

USA/ YEN 154.09 UP 0.526 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 1.2812 DOWN 0.0061

USA/CAN DOLLAR:  1.3951 UP 0.0030 (CDN DOLLAR DOWN 30 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 48.10 PTS OR 1.39%

 Hang Seng CLOSED DOWN 580.05 PTS OR 2.84%

AUSTRALIA CLOSED DOWN 0.04%

 // EUROPEAN BOURSE:     ALL RED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL RED

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 580.05 PTS OR 2.04%

/SHANGHAI CLOSED DOWN 48.10 PTS OR 1.39%

AUSTRALIA BOURSE CLOSED DOWN .04%

(Nikkei (Japan) CLOSED DOWN 157.23 PTS OR 0.42%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2604.05

silver:$30.47

USA dollar index early TUESDAY  morning: 105.81 UP 32 BASIS POINTS FROM  MONDAY’s CLOSE.

TUESDAY  MORNING NUMBERS ENDS

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And now your closing  TUESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.816% DOWN 2 in basis point(s) yield

JAPANESE BOND YIELD: +1.006% UP 1 AND 0/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.065 DOWN 0 in basis points yield

ITALIAN 10 YR BOND YIELD 3.592 DOWN 2 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.3225 DOWN 2 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 1.0619 DOWN .0044 OR 44 basis points

USA/Japan: 154.41 UP 0.896 OR YEN IS DOWN 132 BASIS PTS//

Great Britain 10 YR RATE 4.5030 UP 0 BASIS POINTS //

Canadian dollar DOWN 21 OR 21 BASIS pts  to 1.3941

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The USA/Yuan,  CNY ON SHORE CLOSED DOWN 7.2315 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.2408)

TURKISH LIRA:  34.33 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +1.006

Your closing 10 yr US bond yield UP 5 in basis points from FRIDAY at  4.360% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 10 YR BOND YIELD 4.372 UP 2 BASIS PTS

 USA 30 yr bond yield  4.509 UP 3 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.323 UP 6  BASIS PTS.

GOLD AT 11;00 AM 2610.80

SILVER AT 11;00: 30.67

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 99.42 PTS OR 1.22%

German Dax :  CLOSED DOWN 414,96 OR 2,13%

Paris CAC CLOSED DOWN 199.90 PTS OR 2,69%

Spain IBEX CLOSED DOWN 214.70 OR 1.80%

Italian MIB: CLOSED DOWN 736.69 OR 2.14%

WTI Oil price  68.83 12 EST/

Brent Oil:  72.44 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  98.15 ROUBLE DOWN 0 AND  40/100      

GERMAN 10 YR BOND YIELD; +2.3225 DOWN 2 BASIS PTS.

UK 10 YR YIELD: 4.5030 UP 0 BASIS POINTS

CDN 10 YEAR RATE: 3.242 UP 6 BASIS PTS.

CDN 5 YEAR RATE: 3.97 UP 10

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0615 DOWN 0.0046 OR 46 BASIS POINTS

British Pound: 1.2739 DOWN 0.01330 OR 133 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.575 up 12 BASIS PTS//

JAPAN 10 YR YIELD: 1.006

USA dollar vs Japanese Yen: 154.68 UP 1.152 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.3942 UP 0.0021 CDN dollar DOWN 21 BASIS PTS

West Texas intermediate oil: 68.32

Brent OIL:  71.90

USA 10 yr bond yield UP 7 BASIS pts to 4.410

USA 30 yr bond yield up 11 BASIS PTS to 4.582%

USA 2 YR BOND: UP 11 PTS AT  4.344

CDN 10 YR RATE 3.297 UP 11 BASIS PTS

CDN 5 YEAR RATE: 3.142 UP 12 BASIS PTS

USA dollar index: 105.922 UP 46 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.37 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  98.25 DOWN 2 AND  50/100 roubles

GOLD  2,6598.35 3:30 PM

SILVER: 30.70 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 377.95 PTS OR 0.85%

NASDAQ DOWN 17.36 PTS OR 0.09%

VOLATILITY INDEX: 14.84 DOWN 0,13 PTS OR 0.87%

GLD: $240.05 DOWN 2,09 OR 0.86%

SLV/ $28.07 UP 0.10 OR 0.36%

TORONTO STOCK INDEX// TSX INDEX:UP 135.26 PTS OR 0.55%

end

USA AFFAIRS

USA TRADING TODAY IN GRAPH FORM

Small Caps Slayed As Yields, Crypto, & The Dollar Soar

Tuesday, Nov 12, 2024 – 04:00 PM

Bitcoin came within a few bucks of the $90,000 Maginot Line today – up a stunning 30% since right before the election results started to pour in…

Source: Bloomberg

Winter is over?

Source: Bloomberg

Massive inflows into BTC and ETH ETFs over the last week have helped…

Source: Bloomberg

…and so has the sudden resurgence in global liquidity…

Source: Bloomberg

Ethereum was actually lower on the day today after topping $3400 intraday

Source: Bloomberg

…as the post-election DeFi mania wears off…

Source: Bloomberg

The dollar was another huuuge winner today… up over 5% in the last seven weeks to two-year highs…

Source: Bloomberg

The dollar strength has started to hammer gold – which is now down at near two-month lows…

Source: Bloomberg

The gold-dollar correlation regime has normalized after both surging together for a few months…

Source: Bloomberg

Yields surged today, playing catch up after yesterday’s holiday (the long-end was a slight laggard with 10Y +13bps, 2Y +9bps). Yields are now back up near the post-election spike highs…

Source: Bloomberg

10Y Yields are back at their highest in five-months…

Source: Bloomberg

Small Caps were really ugly today (-1.8%) while The Dow ended on the lows of the day…

…as the ‘short squeeze’ finally stalled (worst day for ‘most shorted’ stocks since Sept 3rd)…

Source: Bloomberg

…and yields start to hurt from the bottom up (small-caps, then mid-caps) after the bigly squeeze from the election…

Source: Bloomberg

Bond vol is starting to pick up a little…

Source: Bloomberg

Crude oil prices were flat today with WTI holding around $68, still notably down from the election…

Source: Bloomberg

Finally, investors want equities: SPY has witnessed 9 consecutive days of inflows (totaling to ~$18bn over the period)…

Source: Goldman Sachs

As Goldman Sachs trader John Flood notes, the longest streak of inflows SPY has seen is 10 days, which was last witnessed in 2014.

MORNING TRADING

II USA DATA

III USA ECONOMIC NEWS

Trump Taps Rep. Mike Waltz For NatSec, Lee Zeldin As Head Of EPA

Monday, Nov 11, 2024 – 07:15 PM

President-elect Donald Trump has picked Florida Rep. Mike Waltz to be his White House national security adviser, according to the Wall Street Journal, citing people familiar with the discussion.

Waltz, a Green Beret veteran who served in Afghanistan, the Middle East, and Africa, won’t require Senate confirmation, and will step right in the middle of Trump’s vow to end the wars in Ukraine and the Middle East.

In September of 2023, Waltz said in a Fox News op-ed, “The era of Ukraine’s blank check from Congress is over,” suggesting that future aid packages should have accountability and ensure strategic use of resources.

Waltz also pushed for US allies to pay their fair share.

We need this administration to bring our allies to meet their pledge to spend at least 2% of their GDP on defense now, today. Unfortunately, Biden’s diplomacy seems to be lagging. The largest European states consistently fail to meet that benchmark, pledged at the 2014 NATO summit in Wales shortly after Russia’s last Ukraine invasion.  

Germany, the largest economy in Europe and the most pivotal balancer to Russia, pulled back at the last minute from enshrining the two percent annual commitment into law. That needs to change – the administration cannot expect American taxpayers to pay for European security indefinitely.

He also recommended that the US match “the dollar value of any aid it gives to Ukraine with securing the southern border.”

Earlier this month, Waltz suggested that the Biden administration’s anti-carbon stance is “fueling the Russian war machine.”

“And the reality is, they are constraining our oil and gas and forcing the world to buy from the likes of Venezuela, from Iran, and from Russia.”

That said…

https://twitter.com/scottienhughes/status/1856144410414588228

Meanwhile, former Rep. Lee Zeldin has been picked to head up the EPA. As Zachary Stieber of the Epoch Times notes; Zeldin (R-N.Y.) will join the second administration of President-elect Donald Trump as head of the Environmental Protection Agency (EPA), Trump announced on Nov. 11.

“Lee, with a very strong legal background, has been a true fighter for America First policies,” Trump told The Epoch Times in an emailed statement. “He will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet. He will set new standards on environmental review and maintenance that will allow the United States to grow in a healthy and well-structured way.”

“It is an honor to join President Trump’s Cabinet as EPA Administrator,” Zeldin wrote on the social media platform X.

“We will restore US energy dominance, revitalize our auto industry to bring back American jobs, and make the US the global leader of AI. We will do so while protecting access to clean air and water.”

Multiple individuals served as the EPA’s administrator during Trump’s first term, including Scott Pruitt and Andrew Wheeler. The current administrator is Michael Regan, who was appointed by President Joe Biden and has been in office since March 21, 2021.

Zeldin’s appointment will need to be approved by the U.S. Senate, which will be controlled by Republicans starting in January 2025, before he becomes administrator.

Zeldin, 44, represented New York’s 1st Congressional District, which includes most of Long Island, in the U.S. House of Representatives from 2015 to 2023. Zeldin opted against running for another term and instead ran for governor of New York. He won the GOP primary but lost to Gov. Kathy Hochul, a Democrat, by about 378,000 votes out of 5.9 million cast, including a majority of the vote outside New York City.

Rep. Nick LaLota (R-N.Y.), who now represents the district, said on X: “Lee Zeldin’s vision for the EPA focuses on economic growth while protecting our environment. His plan to restore energy dominance, create jobs, and protect clean air & water makes him an ideal choice to lead the EPA.”

More recently, Zeldin has chaired the China Policy Initiative and Pathway to 2025 at the America First Policy Institute.

Prior to his time in Congress, Zeldin was in the U.S. Army and deployed to Iraq. He then served in the state Senate before becoming a congressman.

Zeldin’s votes on climate proposals include, in addition to all other House Republicans, voting against the 2022 Inflation Reduction Act, which included funding for improving the supply of water in western states.

Zeldin has a 14 percent score from the League of Conservation Voters, an advocacy group, due to his voting record. The group in the past criticized Trump’s first administration over its positions on the environment and climate, and poured $115 million into the effort to elect Vice President Kamala Harris.

Continue reading at the Epoch Times

end

MARCO RUBIO/NEXT SEC. FOR STATE:

Marco Rubio…your next Sec. of State

VIDEO-2024-11-12-00-31-12.mp4

(5,690K

Trump Expected To Tap Rubio As Secretary Of State

Tuesday, Nov 12, 2024 – 09:40 AM

Shortly after raising hopes that he would keep his administration free of such people, Donald Trump has started filling his national security team with neoconservatives. First came word that he would assign New York Rep. Elise Stefanik as UN ambassador, then Florida Rep. Mike Waltz as National Security Advisor, and now the New York Times reports that Sen. Marco Rubio is expected to become Secretary of State.  

Citing “three people familiar with [Trump’s] thinking,” the Times reported on Monday evening that “Mr. Trump could still change his mind at the last minute, the people said, but appeared to have settled on Mr. Rubio, whom he also considered when choosing his running mate this year.” There’s a possibility that the Rubio rumors are being advanced by those who want him in that position, or that Trump is using a leak to test public reaction. 

ttps://twitter.com/mtracey/status/1856158983783891084?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctw

On Saturday, Trump eliminated the possibility of either former CIA director and Secretary of State Mike Pompeo or former UN ambassador Nikki Haley serving in his administration. That announcement followed a “stop Pompeo” social media campaign pushed by non-interventionist Trump supporters who were wary of Trump repeating the types of hiring errors that characterized his first administration. In one of the most glaring examples, Trump famously condemned the invasion of Iraq during his 2016 campaign only to then hire archetypal neocon John Bolton — an unrepentant proponent of the invasion — as his national security advisor. 

Trump’s exclusion of Pompeo and Haley was cheered by America First conservatives and libertarians, and their optimism was raised another couple notches when Donald Trump Jr assured podcaster Dave Smith that he was working to keep neocons and war hawks out of the White House: 

https://twitter.com/DonaldJTrumpJr/status/1855593982958379321?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetem

The positive vibes were quickly shattered by reports that Trump will place three quintessential neocons in key national security and diplomacy positions — Stefanik as UN ambassador, Waltz as national security advisor, and Rubio as Secretary of State.  All three are anti-Iran hawks, zealous backers of the State of Israel, and major beneficiaries of pro-Israel lobbyists.  According to Track AIPAC, pro-Israel groups have given more than $1 million to Rubio, $900,000 to Stefanik, and $235,000 to Waltz. 

The Times report on Rubio’s apparent selection came after reports that contenders for the State job also included Tennessee Sen. Bill Hagerty, former acting director of national intelligence Richard Grenell and — as a dark horse — former presidential candidate Vivek Ramaswamy. One of the most hawkish of US senators, Rubio has promoted an aggressive stance against China, pushed for regime change in Venezuela, absolved Israel of any responsibility for tens of thousands of civilian deaths in Gaza, and advocated for US military preemption of a hypothetical Iranian nuclear weapon program: 

https://twitter.com/MLiamMcCollum/status/1856153160642961583?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E185

Waltz has a distinctly neocon resume, having served as Dick Cheney’s counterterrorism advisor and also working for Secretary of State Donald Rumsfeld. He advocated for continued US military involvement in Afghanistan, despite decades of obvious futility. Last month, after Israel struck military targets in Iran, Waltz pushed for Israel to pursue a massive escalation of the conflict, via an attack on Iran’s oil export facilities on Kharg Island. He also sponsored an Authorization for Use of Military Force (AUMF) that would have empowered the president to go to war against Mexican drug cartels.  

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Stefanik rose to national fame with her showboating performance in House hearings that probed prominent universities’ handling of campus protests against Israel’s war in Gaza. Conflating protesters’ calls for a new political order in Greater Israel with advocacy of genocide, Stefanik’s grilling of the presidents of Harvard, Penn and MIT has been credited with precipitating the resignation of Penn’s Liz Magill and Harvard’s Claudine Gay.  

Stefanik has made unconditional support of Israel the central feature of her political brand, declaring Israel is “our most precious ally,” opposing any conditions on the billions of dollars of American wealth that’s annually redistributed to Israel, and bragging “I am proud to have sponsored or backed every measure to aid Israel that has come before the United States Congress — every single one.”   

Despite the assurances of Donald Trump Jr, it should be no surprise that the second Trump administration is already echoing the exasperating personnel choices that characterized his first one. After all, Trump campaigned on ardent support of Israel and vilification of Iran. Turning those sentiments into policy pretty much necessitates the employment of Deep State neoconservatives. 

Perhaps more to the point, Trump’s political campaigns have been fueled by enormous donations from the late Sheldon and still-living Miriam Adelson, a billionaire couple whose foremost policy concern has been ensuring steady financial, military and political support for the State of Israel, and aligning Washington with the agenda of Israel’s right wing. They’ve likely had a significant influence on Trump’s appointments. 

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-4&features=eyJ0ZndfdGltZWxpbmVfbGlzdCI6eyJidWNrZXQiOltdLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2ZvbGxvd2VyX2NvdW50X3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9iYWNrZW5kIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19yZWZzcmNfc2Vzc2lvbiI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfZm9zbnJfc29mdF9pbnRlcnZlbnRpb25zX2VuYWJsZWQiOnsiYnVja2V0Ijoib24iLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X21peGVkX21lZGlhXzE1ODk3Ijp7ImJ1Y2tldCI6InRyZWF0bWVudCIsInZlcnNpb24iOm51bGx9LCJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3Nob3dfYmlyZHdhdGNoX3Bpdm90c19lbmFibGVkIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19kdXBsaWNhdGVfc2NyaWJlc190b19zZXR0aW5ncyI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdXNlX3Byb2ZpbGVfaW1hZ2Vfc2hhcGVfZW5hYmxlZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdmlkZW9faGxzX2R5bmFtaWNfbWFuaWZlc3RzXzE1MDgyIjp7ImJ1Y2tldCI6InRydWVfYml0cmF0ZSIsInZlcnNpb24iOm51bGx9LCJ0ZndfbGVnYWN5X3RpbWVsaW5lX3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9mcm9udGVuZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&frame=false&hideCard=false&hideThread=false&id=1856170850845597836&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Ftrump-expected-tap-interventionist-neocon-rubio-secretary-state&sessionId=d035903c62e51c46641a15a4c33429b6bac1074e&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

The couple donated $90 million to Trump’s 2020 campaign, rewarding him for his Israel-catering policies, including relocating the US embassy from Tel Aviv to contested Jerusalem, exiting the Iran nuclear deal and recognizing Israeli sovereignty over the Golan Heights, which Israel captured in 1967’s Six-Day War. In the 2024 race, Miriam Adelson donated another $100 million to a pro-Trump PAC. 

For those who dread a scenario in which US troops again become pointlessly enmeshed in a major new Middle East war, the fact that the Trump neocon hiring spree was announced on Veteran’s Day poured salt in their wounds. Meanwhile, Monday’s staffing developments are the latest demonstration of a Tom Woods maxim: “No matter whom you vote for, you always wind up getting John McCain.”

END

GOOD CHOICE

“People Of Israel Love Him”: Mike Huckabee Tapped As Trump’s Ambassador To Israel

Tuesday, Nov 12, 2024 – 02:15 PM

President-elect Donald Trump has announced his nomination for the important post of US Ambassador to Israel, at a moment the Middle East stands on the brink, with wars raging in Gaza and Lebanon, and with tensions boiling between Tehran and Tel Aviv.

“I am pleased to announce that the Highly Respected former Governor of Arkansas, Mike Huckabee, has been nominated to be The United States Ambassador to Israel,” an official statement from the Trump transition team says.

The statement released early Tuesday afternoon continues, “Mike has been a great public servant, Governor, and Leader in faith for many years. He loves Israel, and the people of Israel, and likewise, the people of Israel love him. Mike will work tirelessly to bring about Peace in the Middle East!

If Israel is ‘loved’ by the Israeli people, we doubt the Palestinians feel the same, given that throughout his career – both as governor of Arkansas, and as a FOX News and talk radio pundit – he has been a staunch supporter of the Jewish state and simultaneously an Iran hawk.

At this moment, Biden’s special envoy to the Middle East has said there is a “shot” to achieve ceasefire between Hezbollah and Israel, even as missile exchanges and bombings on either side of the border ramp up.

The prospect of a Gaza peace and hostage deal looks more remote than ever, and there’s almost no chance of a deal being achieved in the Gaza Strip during the rest of Biden’s term.

Huckabee in the post of US ambassador to Israel will no doubt be greeted with joy among Netanyahu government officials. The appointment also surely satisfies the Fox-watching and conservative talk radio demographic among Americans.

Regardless, Huckabee is set to take over the embassy in Jerusalem which is at the heart of several warring fronts. Netanyahu officials on Tuesday have gone so far as to say now is not the time for ceasefire in Lebanon, until the military’s goals are achieved. Huckabee is likely to agree.

The Israeli lobby in the US is also going to be quite happy at this development, along with other picks being revealed this week:

https://twitter.com/TrackAIPAC/status/1856157139842281520

Below is his full bio, by the National Governors Association 

* * *

MIKE HUCKABEE was born in Hope, Arkansas, and graduated from Ouachita Baptist University. Huckabee served as Lieutenant Governor of Arkansas from 1993 until July 1996 when he became Governor after his predecessor resigned, becoming one of the youngest governors in the country at the time. Huckabee was elected to a full four-year term as governor in 1998 and was reelected in November 2002. He pushed through education reforms in Arkansas that significantly expanded the availability of college scholarships, increased the number of charter schools, and established new approaches to workforce education. His Smart Start and Smart Step initiatives placed a heavy emphasis on reading and mathematics for students from kindergarten through the eighth grade, and since their creation student scores on standardized tests have risen steadily. Huckabee was also a leader in improving health care, creating the ARKids First program to extend health insurance coverage to tens of thousands of children, and leading a ballot initiative that devoted all of the state’s tobacco settlement money to improving the health of Arkansans. He led the Healthy Arkansas campaign, which received nationwide attention for its emphasis on changing the unhealthy behaviors of Arkansas residents.

In 1996, Huckabee led the fight for Amendment 75 to the Arkansas Constitution, which created a sales tax that funded one of the finest systems of state parks in the country and a system of state-of-the-art nature centers. Known as the “highway governor,” he led the campaign for a 1999 bond issue to rehabilitate the state’s system of crumbling interstate highways. Huckabee also won passage of the first major, broad-based tax cuts in state history; led efforts to establish a Property Taxpayers’ Bill of Rights; and created a welfare reform program that reduced the welfare rolls in the state by almost 50 percent. He is a former chairman of the Southern Governors’ Association, the Southern Growth Policies Board, the Southern Technology Council and the Southern International Trade Council. Huckabee chairs the Education Commission of the States and is the immediate past president of the Council of State Governments. Huckabee served as chair of the National Governors Association from 2005 to 2006, overseeing the initiative “Healthy America: Wellness Where We Live, Work and Learn.”

https://twitter.com/i/status/1753247166477357234

He and his wife, Janet, have three grown children: John Mark, David, and Sarah. After attending Southwestern Baptist Theological Seminary in Fort Worth, Texas, Huckabee was a Baptist minister at several churches in Arkansas.  After serving as Governor, Huckabee ran for U.S. President in 2008 and 2016. Huckabee provided political commentary to the Fox News channel and was given his own weekend talk show, Huckabee, which first aired on Fox News in 2007. He has also hosted several talk-radio shows. Huckabee enjoys hunting, fishing and reading.

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

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iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

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FREIGHT ISSUES/USA/

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VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

KING REPORT

The King Report November 12, 2024 Issue 7368

Independent View of the News

ESZs opened higher on the usual Sunday night buying.  They then traded sideways until they broke higher after the 3 ET European opening.  The moderate rally ended at 3:37 ET.  ESZs traded sideways again until the rally for the NYSE opening commenced after 7 ET.   Despite the repo and bond market being closed of Veterans’ Day, traders bought ESZs because they tend to rally at this time.  Yes, Virginia; much of the buying is computer generated.  ESZs hit the daily high of 6063.25 at 7:45 ET.  Determined selling, in the thin holiday market, appeared; ESZs sank to a daily low of 6013.50 at 13:21 ET.   The afternoon rally took ESZs to 6030.25 at 13:49 ET.  ESZs traded sideways until someone at NYSE close manipulated ESZs higher to close the S&P 500 Index above 6000.   @charliebilello: Apple’s P/E Ratio: 37x, 10-year average: 22x; Apple’s EV/EBITDA Ratio: 26x, 10-year average: 16x; Apple’s Price to Sales Ratio: 9x,10-year average: 5x (‘Tis why Buffett is dumping it.) https://x.com/charliebilello/status/1855643148078248256   @unusual_whales: “Instead of criticizing Jay Powell, I think Trump should thank Jay Powell because his overly easy policy during the Biden administration causing all that inflation was certainly one of the reasons Trump won the election,” says Wharton’s Jeremy Siegel.   Positive aspects of previous session The DJIA and DJTA rallied sharply.   Negative aspects of previous session The NY Fang+ Index fell, again; despite Tesla soaring again. USZs declined as much as 20/32; the cash bond market was closed. Bitcoin hit an all-time high while gold plunged.  Yes, Virginia, Bitcoin is a bubble with no intrinsic value!   Ambiguous aspects of previous session The dollar rallied sharply, again. How aggressive will Team Trump be in reforming the Fed?  It is on their agenda.   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6001.78 Previous session S&P 500 Index High/Low: 6017.31; 5986.69   Trump has chosen hard-nosed Tom Homan, ex-ICE acting director, to be his border czar and GOP Rep. Elise Stefanik (NY) to be US Ambassador to the UN.  https://x.com/DanScavino/status/1855828918441291883   DJT named Stephen Miller, a hardliner on immigration, to be his Deputy COS for Policy.   @TrumpWarRoom: Incoming Border Czar Tom Homan: “I’ve seen some of these Democrat governors say they’re going to stand in the way [of deportations] and make it hard for us. A suggestion: If you’re not going to help us, get the hell out of the way because we’re going to do it.” https://x.com/TrumpWarRoom/status/1856020229735747918   @IanJaeger29: President Trump announces he is closing down the Department of Education.  “Sending all Education back to the States…” https://x.com/IanJaeger29/status/1855996455393141199   Trump selected ex-US Rep Lee Zeldin (R-NY) to head the Environmental Protection Agency.   Trump Selects Florida Rep. Mike Waltz (Green Beret Col.) as National Security Adviser – WSJ Congressman is known as a China hawk, NATO critic   The GOP has 218 House Seats (435 total seats), giving it control of the House.  Dems have 209 seats.   Despicably, there are still 8 seats undecided due to dishonor vote counting.   @BowTiedMara: The “Euro swap cash basis” is negative for the first time since its creation in 1999. It reflects the difference in cost between borrowing money in euros and the cost of swapping it to another currency, like U.S. dollars.  When it’s negative, it means borrowing in euros and swapping it to dollars is unusually expensive or difficult. The fact that it’s negative for the first time since 1999 suggests that dollar demand is at an all-time high.  https://x.com/BowTiedMara/status/1855044684122603620   @DowdEdward: The last 2 Federal Reserve rate cuts as measured by the spread of discount rate to 3-month T-bill before the cut have been the most aggressive rates cuts going back to 1957 according to cycle analyst Tim Wood.  The Trillion Dollar question is why?   @DarioCpx: Answer: A large bank is fighting to stay liquid (they are already insolvent), there are signs everywhere in the market clear to those that understand them similar to CS they are trying to hide the problem as long as they can, and I am not sure is only one large bank this time.     Candidate One: How Bank of America Is Hiding Its Mounting Problems behind a Mountain of Repurchase Agreements (Is this Buffett is selling?)… The real problems for Bank of America, though, lie in its MBS books… Putting all together, Bank of America is sitting on a total amount of ~180 billion USD of unrealized losses using correct fair value calculation. How much shareholder equity does the bank have on its own balance sheet? ~295 billion USD. Let me be clear, these are only losses on its HTM securities books. If we consider the rest, like the 10 billion USD losses in the derivatives book, the total amount of unrealized losses is greater than 200 billion USD or more than two-thirds of the total Bank of America tangible capital… https://justdario.com/2024/11/how-bank-of-america-is-hiding-its-mounting-problems-behind-a-mountain-of-repurchase-agreements/      Candidate Two: NORINCHUKIN BANK CHAOS CAN TRIGGER AT ANY MOMENT Considering Norinchukin still holds ~43 trillion JPY, this means that the real unrealized losses are ~ 7.74 trillion JPY. How much is Norinchukin shareholders’ equity at the moment? ~5.7 trillion JPY… https://justdario.com/2024/08/norinchukin-bank-chaos-can-trigger-at-any-moment/      Candidate Three: What HSBC Isn’t Telling US… Hidden Risks in Their Q3 Report if you take a closer look at the numbers and compare Hong Kong CRE with Mainland China, something does not add up…https://justdario.com/2024/10/what-hsbc-isnt-telling-us-uncovering-the-red-flags-and-hidden-risks-in-their-q3-report/     Candidate Four: UBS’s Games of Smoke and Mirrors to Hide Its Giant Problems UBS borrowers aren’t paying interest as they should, but the bank is doing its best to hide it. The moment a bank categorizes an asset as Non-Performing, it would have a series of consequences ultimately resulting in the bank being unable to avoid allowances for Credit Losses, hence taking a direct hit on its Net Income… https://justdario.com/2024/08/ubs-games-of-smoke-and-mirrors-to-hide-its-giant-problems/   Today – US stocks are extremely overbought on short-term basis and very overbought on an intermediate-term basis.  So, stocks are due for a significant retreat.  Furthermore, Bitcoin, unlike precious metals, has zero industrial use or historic value.  It is the closest thing to tulips in bubble history. PS – It appears someone big that was long gold/short Bitcoin might be doing a panic cover.   Also, Team Trump has the Fed in its sites, and PE Powell, as well as GS Kashkari, have arrogantly poked the bear.  Unelected elites that have no foundation in the US Constitution, and have been egregiously wrong for decades, are cruising for a bruising.    The S&P 500 Index, due to manipulation at the NYSE close, closed modestly above 6k (6001.35).  Today’s equity will be dependent on the ability of bulls to foment meaningful buying with the index above 6000.  However, if 6k is breached on the downside via organic selling, look out below!   A looming catalyst for a stock retreat is the October CPI on Wednesday.  October PPI is Thursday.   Expected economic data and Fed speakers: Oct NFIB Small Business Optimism 92; Fed Gov Waller 10 ET, Richmond Fed Pres Barkin 10:15 ET, Minn Fed Pres Kashkari 14:00 ET   Expected Earnings: HD 3.66, MOS .52, TSN .72, ADM 1.19, OCY .76   ESZs are -1.25; NQZs are +18.50; ESZs are +7/32, and Bitcoin is 89,380 at 20:20 ET.   S&P Index 50-day MA: 5735; 100-day MA: 5619; 150-day MA: 5488; 200-day MA: 5390 DJIA 50-day MA: 42,180; 100-day MA: 41,128; 150-day MA: 40,330; 200-day MA: 39,970 (Green is positive slope; Red is negative slope)   S&P 500 Index (6001.35 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5218.49 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5509.91 triggers a sell signal Daily: Trender and MACD are positive – a close below 5825.45 triggers a sell signal Hourly: Trender is positive; MACD is negative– a close below 5983.27 triggers a sell signal   @realJoelFischer: You can’t make this c*** up… CBS (idiotic Marge Brennan) is now blaming Russia for Trump’s landslide victory… https://x.com/realJoelFischer/status/1855705510369960385   Why America Chose Trump: Inflation, Immigration, and the Democratic Brand The top reasons voters gave for not supporting Harris were that inflation was too high (+24), too many immigrants crossed the border (+23), and that Harris was too focused on cultural issues rather than helping the middle class (+17).  Other high-testing reasons were that the debt rose too much under the Biden-Harris Administration (+13), and that Harris would be too similar to Joe Biden (+12)… https://blueprint2024.com/polling/why-trump-reasons-11-8/   @TheChiefNerd: Joe Rogan & Theo Von Say Kamala Harris’ Team Asked If They Would Edit Her Interview – “There were a few restrictions of things they wanted to talk about…They wanted to know if I’d edit it. I’m like, there’s no editing.”  https://x.com/TheChiefNerd/status/1855025135025328262   @Peoples_Pundit: Trump won the biggest landslide for a Republican since the 1980s, and yet lost three senate seats they should’ve won and are struggling to get a narrow majority in the House. It’s a failure of leadership top to bottom. Neither Thune nor Cornyn should even be at the table.   How Trump crushed Obama’s legacy If Biden was senile, then who was actually running the country? Who had enough clout to order the President’s removal from the ticket?  The answer in both cases was Obama. And now he was on the hook not only for Kamala Harris, but retroactively for the more general mess that he and his operatives had helped to make of the country. Everywhere from Harvard University, his alma mater, where he helped install a repeat plagiarist as the University’s President, to the Middle East, which went up in flames the moment he was able to re-animate his Iran Deal, which appeared to be even stupider — if not as expensive — as George W. Bush’s determination to transform Afghanistan and Iraq into Western-style democratic societies at the point of a gun, the Party Leader’s Midas Touch-in-reverse was evident, even if no one ever breathed a single word of criticism.     Yet Americans, of all races and creeds, felt themselves to be living in a dystopian version of Alice in Wonderland, controlled by an unseen hand — and they didn’t like it. If the elite pollsters and expert predictors who had failed to foresee a Trump win had familiarized themselves with American history, instead of parroting the talking points of Obama and his operatives, they would have seen a country eager for a renewal of the freedoms that the vast majority of Americans embrace as their birthright…     Now, in one night, the Obama machine, which he built on the model of the Chicago Democratic Party machine, and which he used to run the country, including the prestige institutions and the media, through a combination of bureaucratic capture and social pressure, accentuated by control of large tech platforms, was finally melting down. No wonder the press was in shock…     Meanwhile, the gap between what America’s elites believe, and what the rest of the country believes, has never been wider, probably not since the late 19th century… What outsiders tend to miss is that America was never meant to be stable. It is and has always been an inferno… https://unherd.com/2024/11/how-trump-crushed-obamas-legacy/   Empire State Building won’t light up for Polish Independence Day — and critics aren’t taking the snub lightly https://trib.al/xRUMUtn

SWAMP STORIES FOR YOU TONIGHT

amazing!

“I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

Tuesday, Nov 12, 2024 – 07:20 AM

A TMZ reporter confronted Oprah Winfrey about claims she was paid a million dollars to host a town hall for Kamala Harris’ failed presidential campaign. Oprah rejected those claims. While she may be correct that she did not receive a personal fee, her production company did receive campaign funds from the Harris team.

The TMZ reporter asked Oprah: “How did you think the election went?” 

Oprah responded: “Not talking about the election. Thank you very much.” 

TMZ reporter then asked: “Is it true they [Harris campaign] paid you a million dollars for the endorsement of Kamala?”

Oprah responded: “Not true. I was paid nothing – ever.” 

https://twitter.com/i/status/1856194846740099550

On Sunday, in a note titled “FEC Filings Show Kamala Harris Team Blew Funds On Hollywood Stars, Private Jets,” we cited Federal Election Commission filings that show Harpo Productions, which, after searching through public records, Oprah is a director, member of the board and officer of the production company, received a million dollars from the campaign. 

https://twitter.com/zerohedge/status/1855660476048273890?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed

Per the FEC filing…

Meanwhile, a Harpo spokesperson told Variety that the Harris-Walz team never “paid a personal fee” to Oprah.  

“The campaign paid for the production costs of ‘Unite for America,’ a live-streaming event that took place Sept. 19 outside Detroit, Mich.,” the spokesperson said, adding, “Oprah Winfrey was at no point during the campaign paid a personal fee, nor did she receive a fee from Harpo.” 

“Sounds like this should be a bigger scandal,” one X user said. 

https://twitter.com/tobymuse/status/1856105307044491572?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%

That’s right. 

https://twitter.com/mnfrakenstein/status/1855692835216863382?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm

Oprah’s presence on the campaign trail, as well as that of many other leftist Hollywood stars, had zero impact on the election outcome. Trump’s message on inflation and illegal aliens trumped Democrat’s message about gender and women’s rights.

Trump won 312 electoral votes. Republicans have majorities in the Senate and House.

Where Are Biden’s 81 Million Votes? Jordan Crushes CNN ‘Gotcha’ Question…

Monday, Nov 11, 2024 – 03:05 PM

Authored by Luis Cornelio via Headline USA,

House Judiciary Committee Chairman Jim Jordan shut down a failed gotcha question during a Sunday CNN interview. 

Jordan appeared on CNN’s State of the Union with host Dana Bash, who asked him about Republicans claiming “voter fraud” and “election integrity” only when they lose. 

After a brief back and forth, Jordan turned the tables on Bash, asking her about the 10 million missing votes Joe Biden allegedly received in the 2020 presidential election. 

Outgoing Vice President Kamala Harris currently claiming little over 71 million votes, far lower than the 81 million declared for Joe Biden in 2020. 

“The Big Lie”…

As seen in a video shared by journalist Kyle Becker, Bash asked, “Last time around … there were false claims about election fraud when Donald Trump lost. This time, Donald Trump won and you think the election was free and fair. Do you see there’s a little of a…” 

Jordan replied, “No, I think the Democrats got to ask: ‘Why did we go from getting 81 million to getting 70 million? What happened to those 10 million people?’” 

Later, Bash asked Jordan if he believed the 2020 election was “free and fair.” Jordan replied affirmatively, explaining the unpreceded use of mail-in and absentee ballots. 

“There were concerns about 2020 with all the mail-in voting,” he said. “Pennsylvania had like 2.5-something million mail-in ballots come in without any signature verification which was required under Pennsylvania statute. So, there were all types of concerns with how the 2020 election was played out.” 

Seconds later, Jordan added, “The biggest question is what happened to the 10 Million voters that Joe Biden got but didn’t come up for Kamala Harris? President Trump’s numbers were right up where they were in 2020 but the Democrats were much lower.” 

Enjoy:

https://twitter.com/i/status/1855650587045421464

END

IDIOTIC!!

California Tightens Climate Fuel Rules That Could Add $0.50/Gallon To Gas Prices

Monday, Nov 11, 2024 – 05:20 PM

Despite the incoming Trump administration’s likely move to deregulate all things EV, that isn’t necessarily going to stop California from continuing down its ‘green’ agenda path.

And people wonder why there’s exodus from the state to places like Texas and Florida?

Last week, the California Air Resources Board voted to amend the Low Carbon Fuel Standard, which requires fuel producers exceeding carbon targets to buy credits from low- or zero-carbon suppliers, according to Bloomberg. 

The updated rules accelerate target reductions, despite concerns over affordability as the state faces rising housing and energy costs. Governor Gavin Newsom is grappling with the economic strain on the nation’s largest state economy amidst this push for stricter climate measures.

Its a move that is projected to raise gas prices by nearly 50 cents per gallon.

Chair Liane Randolph commented: “We cannot afford to continue with the status quo. The health and economic impacts of these events are vastly underestimated.”

The Bloomberg report says that consumer advocates are concerned after a report last year suggested California’s gas prices could rise by 47 cents per gallon in 2025, driven partly by the state’s unique, eco-friendly fuel requirements and high taxes.

Currently, Californians pay an average of $4.29 per gallon—$1.22 above the national average, the report says. 

Though the air board’s staff later revised this estimate without providing a new figure, the urgency of climate action pushed board Chair Liane Randolph to proceed, despite political calls for a delay.

Meanwhile, Governor Newsom, clashing with the oil industry over soaring gas prices, recently signed a law mandating minimum fuel inventories to stabilize prices and established a watchdog to scrutinize potential price-gouging.

Next time a Democrat argues they are fighting inflation, remind them of this genius move. This is the opposite of fighting inflation.

END

This will go nowhere

(zerohedge)

NY Judge Delays Trump ‘Hush Money’ Case Immunity Hearing

Tuesday, Nov 12, 2024 – 10:37 AM

New York Judge Juan Merchan delayed a Tuesday decision on whether President-elect Trump’s conviction can withstand the Supreme Court’s presidential immunity ruling, following his election victory last week.

Merchan was slated to rule Tuesday on whether Trump’s guilty verdict must be wiped under the Supreme Court’s presidential immunity decision, which was handed down after the trial.

The Hill reports that Judge Merchan agreed to freeze the case until Nov. 19, newly public court records show, enabling prosecutors to respond to Trump’s demand the case be dismissed entirely now that he is president-elect. 

A jury found Trump guilty on all 34 counts of falsifying business records in the first degree in connection to payment made to porn star Stormy Daniels during the 2016 election.

Trump’s attorneys believe his election as president compels the dismissal of his criminal prosecutions. 

“The stay, and dismissal, are necessary to avoid unconstitutional impediments to President Trump’s ability to govern,” Trump attorney Emil Bove wrote in an email to the judge. 

Manhattan District Attorney Alvin Bragg’s (D) office agreed to delay the proceedings as they assess how to respond to Trump’s demand.  

“The People agree that these are unprecedented circumstances and that the arguments raised by defense counsel in correspondence to the People on Friday require careful consideration,” prosecutor Matthew Colangelo wrote to the judge. 

Trump’s sentencing was originally scheduled for July 11th, but it was delayed until September 18. Merchan delayed the sentencing date again until after the Nov. 5 presidential election to avoid the appearance of attempting to influence the outcome.

Trump’s sentencing is now scheduled for Nov. 26.

end

MSNBC and CNN ratings in the toilet after the election//Fox flourishes

(zerohedge)

MSNBC, CNN Ratings Collapse After Election While Fox News Flourishes

Tuesday, Nov 12, 2024 – 11:10 AM

Mainstream propaganda outlets MSNBC and CNN have seen an absolute collapse in viewership following the 2024 presidential election.

According to Neilsen data, last Thursday’s total views on Fox News came in at 2.6 million – of which 375,000 were in the coveted 25-54 age demographic, Mediaite reports. In comparison, MSNBC only had 596,000 / 71,000 25-54 viewers and CNN brought in 419,000 / 91,000 25-54.

Fox News was up some 60 percent year over year for the day, while MSNBC and CNN were down 23 and 40 percent – respectively. In prime time the news was even more bleak for CNN and MSNBC as they shed 30 percent and 54 percent of their viewers, respectively, compared to the same day last year. MSNBC host Alex Wagner had her lowest-rated show ever in terms of total viewers, while Chris Hayes’s show brought in its worst numbers since May of 2016.

On Friday, seven MSNBC shows recorded their lowest Friday ratings for the year. While Fox averaged 4.4M viewers Wed-Fri in prime time and 701,000 in that key demographic, MSNBC had just 808,000 total viewers for the same period (90k in demo), and CNN had 611,000 total average prime time viewers (159k in demo).

No wonder CNN’s Chris Wallace is about to explore podcasting.

Fox‘s Elizabeth MacDonald breaks down the carnage at MSNBC by time slot between Oct. 30 and Nov. 8:

• Morning Joe 1st hour – down 39.6%
• Morning Joe 2d hour – down 36.9%
• Andrea Mitchell – down 39.7%
• Ari Melber – down 49.6%
• Joy Reid’s Reidout – down 54.6%
• All-in w Chris Hayes – down 47.2%
• Alex Wagner Tonight- down 53.6%
• Lawrence O’Donnell – down 60.6%
• Stephanie Ruhle – down 67%

Three weeks ago Axios, citing Gallup, pointed out that Americans’ trust in media has plummeted to a historic low…

What’s interesting is that Democrats have the highest trust in mass media, yet their networks are ghost towns.

As Outkick.com reports further;

CNN and MSNBC’s futures are bleak. 

The two networks maintained relevancy during Trump’s first term by aggressively promoting the Russia hoax. Though the networks could try to manufacture another phony scandal, who would believe them?

Trump’s decisive victory demonstrated that the left-wing cable news networks have lost their influence. CNN and MSNBC exhausted every resource at their disposal to stop Donald Trump from achieving victory, eventually stooping to a plot to depict him as the second coming of Adolf Hitler, the most ruthless dictator in modern world history.

It didn’t work. The lies, the hysteria, and the besmirchment only made Trump more popular and sunk CNN and MSNBC deeper.

Here is how race lady Joy Reid is handling the results:

https://twitter.com/CatchUpFeed/status/1855937624671683015

https://twitter.com/TheClassicPhil/status/1855429258216124791

*  *  *

https://twitter.com/WesternLensman/status/1854324330705965179

END

CNN Reportedly Laying Off On-Air Talent & Hundreds Of Workers

by Tyler Durden

Tuesday, Nov 12, 2024 – 02:45 PM

Update (1445ET):

The epic meltdown of far-left corporate media following the presidential election continues to gain momentum as CNN and MSNBC viewerships implode. Next up: layoffs.

Puck’s Dylan Byers reports that CNN newsroom will likely be hit with another round of layoffs over the next few months. This time, as Byers noted, big talent could be on the chopping block:

In the next few months, I’m told, CNN will implement another round of layoffs that will impact hundreds of employees across the organization, including those whose TV production talents won’t necessarily be needed in the new digital-first landscape. Reporters and correspondents will be asked to assume more of the responsibilities once handled by teams of producers and production assistants, redundant assignments will be nixed, and various divisions will be reduced or even eliminated. Some of the on-air talent are also likely to be affected.

It’s unclear at the moment if top talent such as Anderson Cooper, Jake Tapper, Wolf Blitzer, John Berman, and or Kaitlan Collins will be axed.  

The NYPost noted about a month ago that CNN’s Jake Tapper and Wolf Blitzer were reportedly denied salary raises while Chris Wallace may be forced to take a pay cut. 

CNN currently has 92 people as on-air “reporters and correspondents.”

While X and alternative media were very impactful this election cycle, outgunning legacy media in an all-out info war, Axios CEO Jim VandeHei had a meltdown over Elon Musk’s “you are the media” comments:

On X, “Musk is proclaiming that ‘you are the media.’ No, you’re not. I mean, maybe you’re somebody who’s popping off on X, but it’s different than being a reporter… I could take your temperature… If you had a wound, I could put a bandaid on it. It doesn’t make me a fucking doctor.” 

https://twitter.com/DylanByers/status/1856348364146651149

Well, legacy media, if you had done your job correctly and refrained from calling Trump and over half the country “Nazis” and “Hitler” 24/7 for the better part of a decade…

… there would have been no need to reform legacy media by pushing new, innovative ways to convey news truthfully (without gov’t far-left propaganda) through X and alternative media.

MSM nuked their own brands by promoting around-the-clock misinformation and disinformation, from Hunter Biden’s laptop to Covid origins to endless wars to inflation to border crisis to Biden’s mental acuity to cheerleading Kamala Harris as the next messiah.

GREG HUNTER interviewing Ed Dowd

(in case you missed this)

“They Just Got Handed Fraudulent Books” – Ed Dowd Confirms Our Warning That Trump Is ‘Inheriting A Turd Of An Economy’

by Tyler Durden

Tuesday, Nov 12, 2024 – 09:20 AM

Via Greg Hunter’s USAWatchdog.com,

Former Wall Street money manager Ed Dowd is a skillful financial analyst who said in May the economy was skidding.  Now, Dowd predicts the economy is poised to “roll over” and soon. 

Why is the Fed cutting rates with a record high DOW?  Maybe they see the same thing he does.  Dowd explains, “Real weekly wage growth was minus 2% going into the election.  It is also interesting to know that minus 2% number of wage growth was also in 1980 when Ronald Reagan won in a landslide and also in 1992 when Bill Clinton won in a landslide…”

“I have never seen such blatant manipulation of government statistics. 

There is government spending and government hiring to paper over what is truly a bad economy for the average man.  When I was asked prior to the election who do you think will win the election, I said Trump has already won, according to the economic statistics.  That’s why he won. Bobby Kennedy helped along with Elon Musk, Joe Rogan, lots of people switching and what have you.  What really got Trump in was the economy, the real economy, not the stock market. 

It was not the ‘everything is hunky-dory’ pablum from the mainstream media. 

The real economy has been rolling over, and we are just waiting for the financial markets to figure this out. 

When they do, Trump is going to inherit a turd of a financial market crisis. 

Government statistics will be updated, and it will show we started a recession sometime this year…

The incoming Trump Administration has to get out in front of the narrative.  This was already baked into the cake.  They just got handed fraudulent books.  So, they are basically going to get blamed for what is coming. 

They have to get in front of the narrative and talk about what they were handed.  They need to talk about how the stock market is not a real indicator of economic health like it was before the days of raw manipulation.”

[ZH: We have been endlessly reminding readers for the last six months that the ‘always positive’ macro headlines that appear every day after almost ubiquitously revised down in later months, hiding the reality that set the scene for Trump’s almost unprecedented victory in the election – despite the endless charade promoted by legacy media that ‘everything was awesome’, it clearly wasn’t (and isn’t) and the rug-pull is coming.]

The other big problem that Trump needs to get in front of is the CV19 bioweapon vax disaster.  Dowd says, “We have been monitoring and tracking excess deaths, disabilities and injuries such as heart attacks, neurological problems, cancers and liver issues…”

”  There is a whole host of issues that have gone off the charts since the introduction of the Covid vaccines. 

As of 2023, there was about 1.2 million excess deaths in the US.  There were about four million disabilities and about 32 million injured. . . . 

Our calculations, conservatively speaking, are 8 million to 15 million dead globally, 40 million to 60 million disabled and 500 million to 900 million injured where their immune system is so compromised that they are getting sick all the time.  You’ve got to think about it as a funnel.  Most of the numbers are injured, and then the next level down are disabled and then dead.  People can funnel down from one category to the next. 

We have a problem here because we have 10% to 13% excess mortality currently running. . . . We are running once in 200 year flood numbers in 2024. . . . This is not over.

  It is going to stay with us for decades.  The way to mitigate that is there needs to be national awareness so people can treat the problems they have.  This is the biggest healthcare failure we have ever seen.  We need to pull the mRNA vaccines and have a global truth moment…

We continue to go along with a wink and a nod to pretend there is not a problem.  We are not going to talk about Covid and the mRNA vaccines, and in my mind, this is unethical, immoral and criminal.”

Dowd also talks about the US dollar that is not going away anytime soon, gold that is topping out –for now and how we need to deal with massive amounts of debt.

There is much more in the 42-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with money manager and investment expert Ed Dowd, author of the updated book called “Cause Unknown: The Epidemic of Sudden Deaths in 2021, 2022 and 2023” for 11.9.24.

To Donate to USAW click here

To get a “Medical Emergency Kit” or “Contagion Emergency Kit” from The Wellness Company and get at least $30 off, click here.  (Check out the Black Friday deals too!!)

SEE YOU WEDNESDAY