GOLD PRICE CLOSED UP $3.80 TO $2621.65
SILVER PRICE UP $0.10 TO $30.34
Gold ACCESS CLOSED $2627.25
Silver ACCESS CLOSED: $30.33
We have now entered options expiry week. OTC LBMA options expiry ends this Friday so expect whacking throughout the week
Bitcoin morning price:$92,201 DOWN 5291 DOLLARS.
Bitcoin: afternoon price: $91,708 DOWN 5,784 DOLLARS
Platinum price closing DOWN $13.05 TO $927.60
Palladium price; UP $5.35 TO $984.40
END
*CANADIAN GOLD: $3702.27 UP 21.90 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)
*BRITISH GOLD: 2095.58 UP 12.67 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2161.00 BRITISH POUNDS/OZ) NOV 22/2024
*EURO GOLD: 2,510.62 UP 11.62 Euros per oz //* (ALL TIME CLOSING HIGH: 2600.25 EUROS PER OZ//NOV 22 //.2024)
DONATE
Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation
END
EXCHANGE;
EXCHANGE: COMEX
CONTRACT: NOVEMBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,616.800000000 USD
INTENT DATE: 11/25/2024 DELIVERY DATE: 11/27/2024
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 1
104 C MIZUHO 1
132 C SG AMERICAS 1
190 H BMO CAPITAL 392
363 H WELLS FARGO SEC 262
435 H SCOTIA CAPITAL 97
523 C INTERACTIVE BRO 1
624 H BOFA SECURITIES 806
657 C MORGAN STANLEY 30
661 C JP MORGAN 20 59
690 C ABN AMRO 5
737 C ADVANTAGE 36
905 C ADM 1
TOTAL: 856 856
JPMorgan stopped 59/856
GOLD: NUMBER OF NOTICES FILED FOR NOV/2024. CONTRACT: 856 NOTICES FOR 85,600 OZ 2.6625 TONNES
total notices so far: 3579 contracts for 357,900 Oz (11.132 tonnes)
FOR NOV
SILVER NOTICES: 12 NOTICE(S) FILED FOR 60,000 OZ/
total number of notices filed so far this month : 935 for 4.675 million oz
XXXXXXXXXXXXXXXXXX
Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation
END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $3.80 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD
INVENTORY RESTS AT 879.41 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.10 AT THE SLV
HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.094 MILLION OZ FROM THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 474.747 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI SURPRISINGLY ROSE BY A TINY SIZED 191 CONTRACTS TO 139,275 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS TINY SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUMONGOUS LOSS OF $0.96 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONDAY’S TRADING. WE HAD A HUGE GAIN OF 1216 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS OF $0.96 IN PRICE. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON MONDAY COMEX TRADING (COUPLED WITH LIQUIDATION OF CALENDAR SPREADERS) AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S CONTINUAL PRICE RISE FOR THE PAST 2 WEEKS AND FINALLY SUCCEEDED ON MONDAY WITH SILVER’S STRONG FALL. HOWEVER WITH OPTIONS COMEX EXPIRY WEEK, THEY REALLY WHACKED THE PRICE DOWN HARD MONDAY BUT FAILED TO LIQUIDATE ANY SILVER LONGS. THEY REFUSED TO “TAKE THE BAIT” AND REMAINED LONG AND THEN TENDERED FOR PHYSICAL METAL.
WE HAD A HUGE 1025 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUGE 1333 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN TODAY’S TRADING AS THEY PLAY AN INTEGRAL PART DURING RAIDS (ESPECIALLY TODAY) TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUMONGOUS SIZED 1216 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR GIGANTIC LOSS IN PRICE. WE HAD MAJOR TAS LIQUIDATION THROUGHOUT MONDAY’S COMEX SESSION ALONG WITH MONTH END SPREADER LIQUIDATION.
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 WEEK. THE ACCUMULATED T.A.S. WAS BEING USED TO MANIPULATE PRICES AT THE COMEX BUT THAT ENDED MONDAY..
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 HUGE 1333 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 $0.96) BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD A HUGE GAIN OF 1216 CONTRACTS ON OUR TWO EXCHANGES
WE HAD A HUGE 1025 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 2.810 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 0 OZ QUEUE JUMP//NEW STANDING REMAINS AT 4.675 MILLION OZ
// STANDING FOR SILVER//NOV AT 4.675 MILLION OZ
WE HAD:
/ HUGE SIZED COMEX OI GAIN (DESPITE MASSIVE T.A.S. LIQUIDATION)//HUMONGOUS SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1333 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED A MASSIVE 1874 CONTRACT.
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 19 DAYS, total 21,569 contracts: OR 107.845 MILLION OZ (1135 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 107.845 MILLION OZ
LAST 24 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. 107.845 MILLION OZ (WILL BE HUGE THIS MONTH)
RESULT: WE HAD A TINY SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1874 CONTRACTS DESPITE OUR LOSS OF $0.96 IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 1025 ISSUED FOR DEC AND 1025 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS. WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR NOV OF 2.810 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 0 OZ QUEUE JUMP
//NEW TOTAL STANDING FOR NOV AT 4.675 MILLION OZ
WE HAVE A HUGE SIZED GAIN OF 1216 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUMONGOUS 1333 CONTRACTS TRYING DESPERATE TO CONTAIN SILVER’S PRICE RISE,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION ALONG WITH CALENDER SPREADER LIQUIDATION. THUS THE NEED FOR REPLENISHMENT /THE STRONG TA.S. ISSUANCE//LIQUIDATION DISTORTS THE TOTAL OI CONTRACTS STANDING AT THE COMEX. NO NET LONG SPECULATORS WERE BURNED ON MONDAY
/ ZERO NET SHORT COVERING FROM OUR SPEC SHORTS DESPPITE THE MASSIVE 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 (1333) 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 12 NOTICE(S) FILED TODAY FOR 0.060 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 HUGE SIZED 22,743 OI CONTRACTS TO 481,161 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A MAMMOTH 8429 CONTRACTS//
WE HAD A MONSTER SIZED DECREASE IN COMEX OI (22,743 CONTRACTS) OCCURRED WITH OUR HUGE LOSS OF $91.60 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 700 OZ QUEUE JUMP. BUT WE HAD ANOTHER OF THAT CRAZY ISSUANCE OF 1000 CONTRACTS LAST FRIDAY NIGHT FOR DELIVERY OF EXCHANGE FOR RISK OR 3.11 TONNES OF GOLD//NEW STANDING ADVANCES TO 11.1539 TONNES + 3.11 TONNES OF EX. FOR RISK/PRIOR = 14.2639 TONNES
NEW STANDING FOR NOVEMBER: 14.2639 TONNES
/ ALL OF THIS HAPPENED WITH OUR $91.60 LOSS IN PRICE WITH RESPECT TO MONDAY’S COMEX ///. WE HAD A HUGE LOSS OF 16,709 OI CONTRACTS (51.95 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 MONDAY 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 700 OZ)
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 6040 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 489,550
IN ESSENCE WE HAVE A HUGE SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 16,709 CONTRACTS WITH 22,743 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 6040 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 16,709 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED BUT CRIMINAL 2242 CONTRACTS ISSUED. WE HAD A HUGE LIQUIDATION OF T.A.S CONTRACTS WITH OUR LOSS IN PRICE MONDAY AS THE NEED FOR REPLENISHMENT WAS STILL IN ORDER TO CARRY OUT ITS PRICE CONTAINMENT STRATEGY. THEY FAILED MISERABLY ON FRIDAY WITH GOLD’S PRICE RISE ABOVE THE $2700 PRICE LEVEL BUT SUCCEEDED MONDAY ON COMEX OPTIONS EXPIRY TO RAID GOLD. THEY ARE CONTINUING TO RAID TUESDAY ON A SMALLER SCALE.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6040 CONTRACTS) ACCOMPANYING THE HUGE SIZED DECREASE IN COMEX OI OF 22,743 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 16,709 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 700 OZ QUEUE JUMP BUT WE MUST ADD THE NEW AND CRIMINAL ISSUANCE OF 1000 CONTRACTS OF EX. FOR RISK ISSUED LAST FRIDAY NIGHT WHERE BY THE BUYER ASSUMES RISK FROM THE SELLER THAT THAT CONTRACT WOULD BE DELIVERED TO HIM. WHAT A JOKE!
//NEW STANDING NOVEMBER: 11.1539 TONNES + 3.11 TONES EX FOR RISK = 14.2639 TONNES.
/ 3) HUGE T.A.S. LIQUIDATION (TRYING TO LOWER GOLD’S HUGE PRICE RISE PM FRIDAY WITH MUCH SUCCESS MONDAY AS WE HAD A HUGE $91.60 PRICE WHACK ON COMEX OPTIONS EXPIRY DAY. 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) HUGE SIZED COMEX OPEN INTEREST DECREASE 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 2242 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: 113,370 CONTRACTS OF 1,1337,000 OZ OR 352.63 TONNES IN 19 TRADING DAY(S) AND THUS AVERAGING: 5966 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 19 TRADING DAY(S) IN TONNES 352.63 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 352.63 DIVIDED BY 3550 x 100% TONNES = 9.93% 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 JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 352.63 TONNES (WILL PROBABLY BE A HUGE MONTH/MAYBE A RECORD ISSUANCE MONTH///NOW SURPASSED THE 3RD HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE//HIGHEST EVER RECORDED ISSUANCE MARCH 2022 OF 409 TONNES.)
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 TINY SIZED 191 CONTRACTS OI TO 141,669 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 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 1025 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
DEC 1025 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1025 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 191 CONTRACTS AND ADD TO THE 1025 E.FP. ISSUED
WE OBTAIN A MONSTER SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1216 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 6.080 MILLION OZ OCCURRED DESPITE OUR $0.96 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 4.00 PTS OR 0.12%
//Hang Seng CLOSED UP 8.21 PTS OR 0.04%
// Nikkei CLOSED DOWN 338.14 OR 0.84%//Australia’s all ordinaries CLOSED DOWN 0.56%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2484 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2528// Oil DOWN TO 69.52 dollars per barrel for WTI and BRENT DOWN AT 73.41 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
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A HUGE SIZED 22,743 CONTRACTS TO 481,161 WITH OUR HUMONGOUS LOSS IN PRICE OF $91.60 WITH RESPECT TO MONDAY’S TRADING. , WE LOST CONSIDERABLE NET IN NUMBER LONGS WITH OUR HUGE PRICE LOSS FOR GOLD AS YOU WILL SEE BELOW. WE HAD A HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (6040).
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 MONDAY’S HUGE LOSS IN PRICE. WE HAD HUGE TA.S. LIQUIDATION COUPLED WITH A HUGE MONTH END LIQUIDATION OF CALENDAR SPREADERS
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 PODCAST 197 , 199, AND FRIDAY NIGHTS 200 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., 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 LOWERING THE 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 STRONG T.A.S. LIQUIDATION THROUGHOUT LAST WEEK’S TRADING AND AGAIN TODAY.
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 ALSO VISUALIZE THAT PERFECTLY WITH THE HUGE AMOUNTS OF QUEUE JUMPING ORCHESTRATED BY CENTRAL BANKERS BOLTING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR THE PLANET LOOKING FOR GOLD
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW ENTERING INTO THE NON ACTIVE DELIVERY MONTH OF NOV.… THE CME REPORTS THAT THE BANKERS ISSUED A HUGE SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A HUGE SIZED 6040 EFP CONTRACTS WERE ISSUED: : /DEC 6040 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 6040 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 HUGE SIZED TOTAL OF 16,709 CONTRACTS IN THAT 6040 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A HUGE SIZED LOSS OF 22,743 COMEX CONTRACTS..AND THIS EVERY LARGE LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR HUMONGOUS LOSS IN PRICE OF $91.60 MONDAY// COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AS MENTIONED ABOVE. HOWEVER I AM SAD TO REPORT THAT THE CROOKS ISSUED ANOTHER STUPID EXCHANGE FOR RISK OF A GIANT 1,000 CONTRACTS NOV 15 OR IN OTHER WORDS A BUYER IS TAKING THE RISK THAT THEY WILL DELIVER TO HIM 3.110 TONNES OF GOLD (311,000 OZ). WE WISH THE BUYER ALL THE LUCK IN THE WORLD.
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 WAS A NORMAL SIZED SIZED 2242 CONTRACTS, AND THESE 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).
THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS CONTINUE TO SELL OFF THE LONG SIDE OF THE SPREAD (T.A.S.) 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 ORCHESTRATED THEIR RAID TO LOWER THE PRICE OF GOLD TO MAKE THEIR COMEX BETS WHOLE, AND THUS THE NEED FOR CONTINUAL STRONG T.A.S. ISSUANCE (COUPLED WITH THE LIQUIDATION OF CALENDAR SPREADERS ). THE USE OF OUR TWO SPREADER MECHANISMS WERE OF EXTREME IMPORTANCE TO OUR CROOKS IN MONDAY’S RAID.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: NOV (14.2639 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/= 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 =60.391 TONNES
NOV . 11.1439 TONNES + 3.11 TONNES OF EX. FOR RISK/PRIOR = 14.2639 TONNES
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY A $91.60/)//AND WERE SUCCESSFUL IN KNOCKING OFF CONSIDERABLE NET SPECULATOR LONGS AS ALTHOUGH WE DID HAVE A HUGE LOSS IN OUR TWO EXCHANGES, WE DID HAVE HUGE T.A.S. SPREADER LIQUIDATION MONDAY AND THIS MAGNIFIED MONDAY WITH BOTH MONTH END SPREADER AND T.A.S. LIQUIDATION. WE ALSO HAD A NORMAL T.A.S. ISSUANCE AS THE NEED FOR REPLENISHMENT WAS STILL PRESENT. THIS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL MONDAY EVENING
WE HAVE LOST A TOTAL OF 51,95 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR NOV (2.488TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S GOOD SIZED QUEUE JUMP OF 7 CONTRACTS OR 700 OZ (0.0217 TONNES). THESE GUYS UNDERWENT A 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. HOWEVER WE MUST ADD THAT CRAZY “DELIVERY” OF 1000 CONTRACTS OF EXCHANGE FOR RISK OR 311,000 OZ OR 3.11 TONNES OF GOLD ISSUED ON FRIDAY NIGHT.
//NEW STANDING FOR NOV 11.1539 TONNES + 3.11 TONNES EX FOR RISK PRIOR= 14.2639 TONNESES
NEW STANDING FOR NOVEMBER: 14.2639TONNES (WHICH FOR A NON ACTIVE DELIVERY MONTH)
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $91.60
WE HAD 8429 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET LOSS ON THE TWO EXCHANGES 16,709 CONTRACTS OR 1,670,900 OZ (51.95 TONNES)
confirmed volume MONDAY 473,437 contracts: monster!! //// t.a.s. enhanced
//speculators have left the gold arena
END
NOV 26 NOV GOLD CONTRACT
/ /// THE NOV 2024 GOLD CONTRACT
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 99.20 OZ ASAHI . |
| Deposit to the Dealer Inventory in oz | NIL |
| Deposits to the Customer Inventory, in oz | 210,545.11 OZ (consists of: 112,498.794 oz Asahi and 98,046.325 oz JPMorgan Enhanced bars or 245 400 oz bars.) |
| No of oz served (contracts) today | 856 notice(s) 85,600 OZ 2.6625TONNES |
| No of oz to be served (notices) | 0 contracts 0 OZ 0.0 TONNES |
| Total monthly oz gold served (contracts) so far this month | 3579 notices 357900 oz 11.172 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: 0 oz
we have 2 customer deposits
i) Into Asahi 112,498.794 oz real gold deposited
ii) Into JPMorgan enhanced: 98,046.325 oz or 245 London good delivery bars/400 oz each.
total deposits 210,545.11 oz
withdrawals: 1
Out of ASAHI: 99.20 oz
TOTAL WITHDRAWALS: 99.20 oz
adjustments: 1
i) Out of Asahi: 80,540.529 oz customer to dealer.
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOV.
For the front month of NOV: we have an oi of 856 contracts having GAINED 7 contracts. We had 0 contracts served on FRIDAY so we gained A SMALL 7 contracts as these guys underwent a queue jump of 700 oz (0.02177 TONNES OF GOLD) to which we add the 3.11 tonnes of exchange for risk delivery/PRIOR.
DECEMBER, THE BIGGEST DELIVERY MONTH LOST 55,881 CONTRACTS TO 75,882.. WE HAVE 2 MORE READING DAYS BEFORE FIRST DAY NOTICE FRIDAY NOV 29, THE OPEN INTEREST DESPITE THE HUGE TAS LIQUIDATION IS STILL HIGH.
JANUARY GAINED 377 CONTRACTS TO STAND AT 1053
FEBRUARY GAINED 31,692 CONTRACTS TO 312,489 .
We had 856 contracts filed for today representing 85,600 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 20 notices issued from their client or customer account. The total of all issuance by all participants equate to 859 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 59 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 (3579 x 100 oz ) to which we add the difference between the open interest for the front month of NOV(856 CONTRACTS) minus the number of notices served upon today (856 x 100 oz per contract( equals 357,900 OZ OR 11.1539 TONNES.+ to which we add 3.11 tonnes of exchange for risk delivery//PRIOR //new totals 14.2639 tonnes
thus the INITIAL standings for gold for the NOV contract month: No of notices filed so far (3579 x 100 oz +we add the difference for front month of NOV (856 OI} minus the number of notices served upon today (856 x 100 oz which equals 357,900 oz (11.1539 TONNES) +3.11 tonnes (ex. for risk/PRIOR) = 14.2639
TOTAL COMEX GOLD STANDING FOR NOV.: 14.2639 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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: 1,749,209.388 oz 54.407 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,757,437.162 OZ
TOTAL REGISTERED GOLD 7,977,695,665/// 248.13tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 9,779,742.497 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,228,486 oz (REG GOLD- PLEDGED GOLD)= 193.73 tonnes //
JPMorgan enhanced inventory is 111.737 tonnes and thus 30.24% of entire inventory.
END
SILVER/COMEX
NOV 26. 2024
INITIAL
//2024// THE NOV 2024 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 858,238.000 oz Brinks CNT Loomis . |
| Deposits to the Dealer Inventory | nil oz |
| Deposits to the Customer Inventory | 1,169,513.900 oz Brinks |
| No of oz served today (contracts) | 12 CONTRACT(S) (60,000 OZ) |
| No of oz to be served (notices) | 00 contracts (0,000oz) |
| Total monthly oz silver served (contracts) | 935 Contracts (4.675 MILLION oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
i) 0 dealer deposit/
total dealer deposit : NIL oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
We had 1 customer deposits
i) Into Brinks: 1,169,513.900 oz
total customer deposits 1,169,513.900 oz
We had 3 withdrawals
i) Out of Loomis: 600,296.460 oz
ii) Out of Brinks: 136,839.100 oz
iii) Out of CNT 121,102.440 oz
total withdrawal 858,238.000 oz
JPMorgan has a total silver weight: 134.401million oz/307.859million or 43.53%
adjustment 0
TOTAL REGISTERED SILVER: 77.875MILLION OZ//.TOTAL REG + ELIGIBLE. 307.859 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR NOV
silver open interest data:
FRONT MONTH OF NOV /2024 OI: 12 OPEN INTEREST FOR A LOSS OF 1 CONTRACT
WE HAD 1 NOTICE(S) FILED ON MONDAY SO WE GAINED 0 CONTRACTS OR 0 OZ UNDERWENT A QUEUE JUMP
DECEMBER SAW A LOSS OF 12,857 CONTRACTS DOWN TO 26,430 CONTRACTS. WE HAVE 2 MORE READING DAYS BEFORE FIRST DAY NOTICE. TAS ISSUANCE HAS BEEN HIGH ALL WEEK AND THUS IT IS STILL TOO DIFFICULT TO SAY HOW MANY WILL REMAIN TO STAND ON FIRST DAY NOTICE.
JANUARY SAW A GAIN OF 410 CONTRACTS UP TO 1866
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 12 for 0.060 MILLION oz
CONFIRMED volume; ON MONDAY 138,470- 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 935x 5,000 oz = 4.675 MILLION oz
to which we add the difference between the open interest for the front month of NOV (12) and the number of notices served upon today (12)x (5000 oz)
Thus the standings for silver for the NOV 2024 contract month: 935 Notices served so far) x 5000 oz + OI for the front month of NOV(12) number of notices served upon today minus (12)x 5000 oz of silver standing for the NOV contract month equates to 4.675 MILLION OZ.
New total standing: 4.675 million oz.
There are 77.825 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//
NOV 26 WITH GOLD UP $3.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD : A DEPOSIT OF 1.44 TONNES OF GOLDINTO THE GLD. .///INVENTORY RESTS AT 879.41 TONNES
NOV 25 WITH GOLD DOWN $91.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD :. .///INVENTORY RESTS AT 877.97 TONNES
NOV 21 WITH GOLD UP $23.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 3.16 TONNES OF GOLD INTO THE GLD/:. .///INVENTORY RESTS AT 875,39 TONNES
NOV 20 WITH GOLD UP $22.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 0.58 TONNES OF GOLD INTO THE GLD/:. .///INVENTORY RESTS AT 872.23 TONNES
NOV 19 WITH GOLD UP $13.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD/:. .///INVENTORY RESTS AT 871.65 TONNES
NOV 18 WITH GOLD UP $44.20 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.56 TONNES OF GOLD INTO THE GLD/:. .///INVENTORY RESTS AT 869.93 TONNES
NOV 15 WITH GOLD DOWN $1.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.25 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 867.37 TONNES
NOV 14 WITH GOLD DOWN $12.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.91 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 868.62 TONNES
NOV 13 WITH GOLD DOWN $19.30 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 870.63 TONNES
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
GLD INVENTORY: 879.41 TONNES, TONIGHTS TOTAL
SILVER
NOV 26 WITH SILVER UP $0.10 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:.A WITHDRAWAL OF 1.094 MILLION OZ FROM THE SLV./.. /// //INVENTORY AT SLV RESTS AT 474.747 MILLION OZ
NOV 25 WITH SILVER DOWN $0.96 //NO CHANGES IN SILVER INVENTORY AT THE SLV:. . /// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ
NOV 22 WITH SILVER UP $0.40 //NO CHANGES IN SILVER INVENTORY AT THE SLV:. . /// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ
NOV 21 WITH SILVER DOWN $0.06 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 1.729 MILLION OZ FORM THE SLV. . /// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ
NOV 20 WITH SILVER DOWN $0.22 //NO CHANGES IN SILVER INVENTORY AT THE SLV: . /// //INVENTORY AT SLV RESTS AT 477.572 MILLION OZ
NOV 19 WITH SILVER UP $0.10 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 5,742,000 OZ INTO THE SLV. /// //INVENTORY AT SLV RESTS AT 477..572 MILLION OZ
NOV 18 WITH SILVER UP $0.68 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 1,277,000 OZ INTO THE SLV. /// //INVENTORY AT SLV RESTS AT 471,830 MILLION OZ
NOV 15 WITH SILVER DOWN $0.09 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 3,100,000 OZ OUT OF THE SLV. /// //INVENTORY AT SLV RESTS AT 471,830 MILLION OZ
NOV 14 WITH SILVER DOWN $0.07 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 1,504,000 OZ OUT OF THE SLV. /// //INVENTORY AT SLV RESTS AT 473.653 MILLION OZ
NOV 13 WITH SILVER DOWN $0.16 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 1,274,000 OZ OUT OF THE SLV. /// //INVENTORY AT SLV RESTS AT 475.157 MILLION OZ
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
CLOSING INVENTORY 474.747 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:
USD on a gold standard?
Judy Shelton proposed a long bond convertible into gold recently. She obviously believes in the integrity of US gold reserves: I don’t.
| Alasdair MacleodNov 26∙Paid |
Shelton is a well-known sound money advocate, and former economic advisor to President Trump. Earlier this month she set everyone buzzing with a proposal to issue a new 50-year Treasury bond redeemable in gold. If her plan is to be followed through, it would not be gold convertibility for the dollar: merely, an alternative to inflation linked TIPS.
We can argue about how things for the dollar would evolve from there and the likelihood that this would be the first step to a new gold standard for the dollar — but that is a separate debate. Anyway, dollar-centric Fed and Treasury officials would dismiss it as providing too much uncertainty to government financial obligations, because they would argue that gold is unpredictably volatile and they would not want to see a debate about its monetary role revived.
But there is a far greater problem in the background, and that is the integrity of the US Treasury’s gold reserves. Do they actually exist, and if so to what extent? And here we come back to the findings of analyst Frank Veneroso over twenty years ago.
Famously, in a speech in Lima in 2002, he estimated that:
“Now we have a conservative set of gold lending numbers and we have a more aggressive set of such numbers. Our range of estimates implies that somewhere between 10,000 and 16,000 tonnes of the official sector gold position has left those vaults by way of the lending process.”
The full speech can be found on GATA’s website, here. By the way, the higher figure is 50% of official gold reserves (32,412.8 tonnes) when Veneroso spoke.
As a side note, Veneroso said he embarked on his analysis following a speech by Terry Smeeton, who he said was head of the Bank of England’s gold department. In fact, Terry was head of foreign exchange operations, which included gold. I got to know him in the late 1980s when we lunched together occasionally at the Banker’s Club, just behind the Bank. And what Veneroso wrote about Terry I can confirm as being consistent with the man I knew.
Returning to our subject, from the end of Bretton Woods in 1971 the US Treasury embarked on a policy of displacing gold with the dollar which involved virulent anti-gold propaganda and actions. The birth of the carry trade, whereby central bank gold was leased or swapped for an interest rates of 1%, sold for dollars, and invested in US T-bills yielding considerably more. T-bill rates declined from over 10% in the early ‘80s to 4% in 1998. As Veneroso put it, this gold ended up adorning the necks of Asian women and was never going to return.
Accounting for this was simple. Replacing the lease or swap agreement would be a debt obligation on the part of the lessee in perpetuity, presumably at the official rate of $42.22. Under the IMF’s accounting rules, the missing gold is accounted for as an asset in the Treasury’s (or central bank ‘s) reserves, even though it is not in possession. Note the distinction. And from the Banker’s Club in Lothbury, security trucks, often two or three at a time moving gold back and forth from the Bank’s rear entrance could be observed most days of the week.
While the Bank of England continues to lease and swap gold (I believe more by book entry nowadays, rather than by delivery), there is no doubt that the US Treasury and the New York Fed (which stores foreign central bank gold) is severely short of the physical, as was revealed when Germany’s Bundesbank asked for some of its gold back. Not only were BuBa officials not permitted to visit and audit their holdings supposedly held under earmark, but they were quoted seven years to return just a fraction of their property.
No Ms Shelton: nice idea but the gold isn’t there to back a long bond convertible into it. We should know that US officials lie and cheat when it comes to real, legal money. No surprise there. But a more interesting question is the fate of all those open-ended commitments owed by operators like Goldman Sachs (which wasn’t a bank at the time, but a trading operation). If these obligations are properly accounted for, not only is the US Treasury and the Fed bust, but so too is members of the bullion banking community owing these obligations.
3. CHRIS POWELL AND GATA DISPATCHES
Vince Lanci: Infinite shorting of gold is coming to an end
Submitted by admin on Mon, 2024-11-25 10:54 Section: Daily Dispatches
10:53a ET Monday, November 25, 2024
Dear Friend of GATA and Gold:
Market analyst Vince Lanci’s new commentary — “Fort Knox Holds ‘Nothing But Moths and Half-Eaten IOUs'” — sounds a lot like GATA in summarizing the longstanding Western government and central bank scheme to prevent gold from ever again functioning as money. But now many governments are preparing to restore it as money anyway, and the bankers who thought they could short gold “until the cows came home” are hearing a lot of mooing in their back yards.
Lanci’s commentary is posted at the Jerusalem Post here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
end
Thanks, Laura Stein and junior miners, for supporting GATA at the New Orleans conference
Submitted by admin on Mon, 2024-11-25 22:29 Section: Daily Dispatches
10:39p ET Monday, November 25, 2024
Dear Friend of GATA and Gold:
In its 26 years GATA never has received any help from Newmont Mining or Barrick Gold, but we have made many friends among junior companies pursuing the monetary metals and among the companies assisting them.
Some of these companies sponsored the reception and dinner GATA held during last week’s New Orleans Investment Conference with mining industry doyenne Laura Stein, who is known in the business from New Orleans to New Zealand and from Toronto to Tierra del Fuego.
We owe these companies not only thanks but a salute for their courage in joining the struggle against monetary metals market rigging and price suppression. (Supporting GATA is not the best way to make friends with the U.S. Treasury Department, the Board of Governors of the Federal Reserve, the Commodity Futures Trading Commission, and any bank big enough to finance a new mine.)
So please applaud them with us:
Prospector Resource Investment News
We’re also grateful to the restaurant where our event was held, Grand Isle, whose great food, drink, and staff left everyone happy and wanting to do it again next year.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
end
4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 200 ANDREW MAGUIRE
WITH ANDY SCHECHTMAN, CRAIG HEMKE AND ROB KIENTZ
LIVE FROM THE VAULT/ANDREW MAGUIRE KINESIS 199
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES:
6 CRYPTOCURRENCY NEWS
ASIA TRADING TUESDAY MORNING/MONDAY NIGHT
SHANGHAI CLOSED DOWN 4.00 PTS OR 0.12%
//Hang Seng CLOSED UP 8.21 PTS OR 0.04%
// Nikkei CLOSED DOWN 338.14 OR 0.84%//Australia’s all ordinaries CLOSED DOWN 0.56%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2484 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2528// Oil DOWN TO 69.52 dollars per barrel for WTI and BRENT DOWN AT 73.41 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 7.2384
OFFSHORE YUAN: DOWN TO 7.2528
SHANGHAI CLOSED CLOSED DOWN 4.00 PTS OR 0.12%
HANG SENG CLOSED CLOSED UP 8.20 PTS OR 0.04%
2. Nikkei closed DOWN 338.14 PTS OR 0.84%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX DOWN TO 106.47 EURO RISES TO 1.0538 UP 94 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1.060 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 153.15…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: UP OFFSHORE: UP
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 +2.1980 Italian 10 Yr bond yield DOWN to 3.450 //SPAIN 10 YR BOND YIELD DOWN TO 2.920
3i Greek 10 year bond yield DOWN TO 3.058
3j Gold at $2631.10 /Silver at: 30.57 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 66/100 roubles/dollar; ROUBLE AT 105.65
3m oil into the 69 dollar handle for WTI and 73 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 153.15 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.060% 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 0.8845 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9321 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: 4.282 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.483 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 4.242 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 34.64…
10 YR UK BOND YIELD: 4.4035 UP 6 PTS
10 YR CANADA BOND YIELD: 3.298 DOWN 2 BASIS PTS
5 YR CANADA BOND YIELD: 3.148 DOWN 3 PTS.
2a New York OPENING REPORT\
Futures Rebound To Trade At Session Highs After Trump Vows New Tariffs
Tuesday, Nov 26, 2024 – 08:23 AM
In a rollercoaster session of reversals, US equity futures at first slumped only to rise to session highs, while the dollar initially spiked only to slide after Donald Trump vowed to place 10% tariffs on goods from China and 25% on all imports from Mexico and Canada, a move which at first spooked the market but was subsequently viewed as “not as bad as some had expected.” As of 8:00am, S&P 500 futures were higher by 0.2%, while Nasdaq 100 futs rose 0.3% adding to gains in early US session while remaining inside Monday’s range; European and Asian stocks fell, reflecting worries that Trump’s policies will hurt US exporters. Bond yields are unchanged and the USD – a beneficiary of isolationist policies – gave up early gains only to trade at session lows. The Mexican peso and Canadian dollar weakened. Commodities are higher led by base metals; oil is +0.9% higher. Bitcoin retreated from the $100,000 level after a failed run at the “nice round number” with Standard Chartered suggesting that the catalyst for the pullback yesterday was a post Bessent announcement (for Treasury) reduction in US Treasury term premium.The biggest headlines post Monday close was Trump’s tariff threat on Mexico, Canada and China. Today, the key macro focus will be New Home Sales and FOMC Minutes.
In the premarket, Eli Lilly rose after the Biden administration proposed a rule that would require the US government to cover weight-loss drugs through the Medicare and Medicaid systems. Leslie’s shares tumbled after the outdoor supplies and sporting goods company’s fourth-quarter sales that missed estimates. Zoom Video Communications shares fell on disappointing third-quarter results. Here are the notable premarket movers:
- Amgen Inc. (AMGN) slips 7% after its experimental obesity shot helped patients lose up to 20% of their body weight in a yearlong trial, disappointing investors who had hoped the highly anticipated trial would produce more weight loss.
- Best Buy Co. (BBY) falls 7% after cutting its full-year guidance on sluggish demand for electronics and other appliances, a sign of trouble for the retailer looking to pull off a turnaround.
- Blue Bird Corp. (BLBD) falls 6% as the school bus manufacturer’s fiscal 4Q beat and 2025 guidance wasn’t enough to extend a six-session runup in the share price
- Eli Lilly (LLY) climbs 4.5% after the Biden administration proposed a rule that would require the US government to cover weight-loss drugs through the Medicare and Medicaid systems.
- General Motors (GM) falls 4% and Ford (F) falls about 2% as President-elect Trump vowed vowed additional tariffs on China as well as US neighbors Canada and Mexico. The automakers import vehicles to the US from China and have factories in Canada and Mexico.
- Intel (INTC) rose after the Biden administration finalized a deal to give struggling chipmaker Intel almost $7.9b in federal grants to boost semiconductor manufacturing.
- Kohl’s (KSS) drops 17% after the company trimmed its full-year sales outlook, citing weakness in its apparel and footwear businesses.
- Leslie’s (LESL) plummets 17% after the outdoor supplies and sporting goods company reported fourth-quarter sales that missed consensus estimates.
- Semtech (SMTC) gains 17% as the semiconductor device company beat earnings estimates driven by growth in data centers and revenue from active copper cables.
- Woodward (WWD) climbs 11% after the aircraft parts manufacturer’s fourth-quarter revenue and adjusted earnings per share beat consensus estimates.
- Zoom Video (ZM) drops 11% after the communications software company reported its third-quarter results that didn’t match lofty expectations.
Late on Monday Trump vowed on TruthSocial to place an extra 10% tariffs on Chinese imports and 25% levies on all products from Mexico and Canada as soon as he is inaugurated. The measures are needed to clamp down on migrants and illegal drugs flowing across the US border, he said on his Truth Social Network.
“We’re just seeing the start of the volatility and the volatility is going to continue as the rhetoric continues,” said Justin Onuekwusi, CIO at St. James’s Place. “It is very difficult to assess if it is a threat, promise or negotiation tool.”
Tuesday’s market moves marked an unwind of the relief rally in the previous session on Trump’s nomination of Scott Bessent as his Treasury Secretary, a hedge fund manager with a Wall Street mindset. While Bessent has at times suggested that Trump’s maximalist approach is a negotiation tactic, he signaled strong support for tariffs in an op-ed for Fox News on Nov. 15.
While markets wait for more clarity on Trump’s policies, traders also await FOMC minutes due later to gauge how inflation expectations are reading across to Fed policy. Policymakers cut the interest rate by 25 basis points at the meeting, a widely expected move that reflected perceived lower downside risks to activity and employment. The account of the Nov. 6-7 policy meeting, which took place a day after the US election, may disappoint those seeking enlightenment from policymakers on how they view rates under Trump, as it’s unlikely they discussed election results, according to Bloomberg Economics.
“One thing that will be a big hurdle to tariffs being imposed is if inflation expectations are starting to move up in the short term,” Onuekwusi said.
All sectors and major indexes in European stocks declined due to concerns about global trade after US President-elect Trump threatened tariffs. The Stoxx 600 fell 0.6%, and the Europe’s Estoxx 50 down 0.4% with losses led by energy and consumer staples sectors; exporters such as carmarkers were hardest hit in early trading, with shares in Stellantis and Volkswagen declining and the autos sub-index the morning’s worst performer. Telecom stocks, seen as a defensive sector, outperform. Here are the most notable news:
- Melrose Industries shares rise as much as 10% as JPMorgan sets a new Street-high target for the aerospace technology provider and opens a positive catalyst watch ahead of full-year results in March.
- Givaudan shares rise as much as 0.7% after Baader upgraded the Swiss flavor and fragrance company, saying recent negative performance of consumer and luxury goods is reflected in the price.
- AAK shares gain as much as 7.8% after the Swedish vegetable fats and oils firm raised its profitability aspiration to SEK3+ per kilo by 2030, ahead of its capital markets day on Tuesday.
- Trigano shares gain as much as 7.5% after the motorhome maker’s operating income beat estimates. Analysts await further information on the Habitat deal.
- MAS shares rise as much as 6.5% in Johannesburg after the retail property company said it has entered talks with Prime Kapital regarding the purchase of its 60% interest in their joint venture PKM Development.
- JSW shares rise as much as 8.3% after Poland’s state-controlled coking coal producer outlined cost savings measures and plans to boost output. Analysts warn that the targets look ambitious.
- Roche shares fall 1.2% after the pharma giant’s phase III lung-cancer drug missed the primary overall survival endpoint in the final analysis.
- Compass Group shares drop as much as 3.8%, retreating from Monday’s record high, after the catering company posted earnings guidance that was below expectations.
- Shares in automakers Stellantis and Volkswagen slide, leading losses among Mexico-exposed European stocks after President-elect Donald Trump vowed additional trade tariffs on the country.
- Amundi shares fall as much as 3.6% after both Exane and JPMorgan cut to neutral on earnings risks in Italy based on uncertainty over the investment manager’s distribution agreement with UniCredit.
- Ariston and Nibe shares drop after Morgan Stanley downgrades heat-pump manufacturers to underweight from equal-weight, citing greater risks to a demand recovery alongside a supply overhang.
- Dustin shares plunge as much as 31% to hit a record low after the Swedish IT retailer projected a 20% slide in group sales in the first quarter.
Earlier in the session, Asian stocks fell as traders mulled the potential impact of additional US tariffs on China as well as Mexico and Canada. The MSCI Asia Pacific Index dropped as much as 1%, with benchmarks in Japan, Taiwan and South Korea leading declines. Tech hardware and financials were the biggest drags among industry groups on the regional gauge. Chinese shares extended a recent selloff. Tuesday’s risk-off moves in Asia followed Donald Trump’s remarks that he will impose additional 10% tariffs on Chinese goods due to the influx of illegal drugs. He also said he will enact a 25% tariff on all goods from Canada and Mexico.
“The devil is in the details; how it gets implemented, over what time frame, and whether there’s room for negotiation,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “In the short term, there could be some knee-jerk reactions, especially on export-driven companies.”
In FX, the Bloomberg Dollar Spot Index initially spiked on tariff fears but has since pared all gains and is now near session lows. The Canadian dollar falls 0.8% against the US currency, the worst performer among the G-10 currencies while the Mexican peso drops 1.2%.
In rates, treasury yields also initially spiked, with 10-year yields rising 3 bps to 4.30%, but have since reversed, unwinding a small portion of Monday’s strong rally on Trump’s nomination of Scott Bessent for Treasury secretary along with a well-received 2-year auction. As Bloomberg notes, treasuries so far offer muted reaction to Trump’s latest threat of additional tariffs on Mexico, Canada and China. US yields cheaper by up to 1bp across intermediates with front-end outperforming slightly; 10-year is higher by ~1bp at 4.28%, with bunds in the sector outperforming by 1.5bp and gilts lagging by 1.5bp. The 2s10s curve reverts to positive slope of about 3bp as the 2-year auctioned Monday becomes the benchmark, with lower yield than the previous one; Monday’s 2s10s inversion was first since October. The treasury auction cycle continues with $70b 5-year at 1pm, concludes Wednesday with $44b 7-year. Demand was strong for Monday’s 2-year note sale, which stopped through by 1.8bp. WI 5-year yield at around 4.17% is ~3bp cheaper than October’s, which tailed by 1.6bp.
In commodities, oil prices rebounded from Monday’s slump, with WTI rising 1% to $69.60 a barrel. Spot gold is up $5 at $2,630/oz. Bitcoin falls below $93,000.
Looking at today’s US economic data calendar we have the November Philadelphia Fed non-manufacturing activity (8:30am), September FHFA house price index, 3Q house price purchase index and September S&P CoreLogic home prices (9am), October new home sales, November consumer confidence, and Richmond Fed manufacturing index (10am) and Dallas Fed services activity (10:30am). The Fed speaker slate blank; minutes of Nov. 6-7 FOMC meeting are to be released at 2pm.
Market Snapshot
- S&P 500 futures little changed at 6,003.25
- STOXX Europe 600 down 0.6% to 505.69
- MXAP down 0.7% to 182.26
- MXAPJ down 0.6% to 576.99
- Nikkei down 0.9% to 38,442.00
- Topix down 1.0% to 2,689.55
- Hang Seng Index little changed at 19,159.20
- Shanghai Composite down 0.1% to 3,259.76
- Sensex down 0.1% to 80,002.44
- Australia S&P/ASX 200 down 0.7% to 8,359.45
- Kospi down 0.6% to 2,520.36
- German 10Y yield little changed at 2.21%
- Euro little changed at $1.0494
- Brent Futures up 0.6% to $73.42/bbl
- Gold spot down 0.1% to $2,623.31
- US Dollar Index up 0.18% to 107.00
Top Overnight News
- Hong Kong exports fall short of expectations for Oct, coming in +3.5% Y/Y (vs. the Steet +6.7%). BBG
- Japan’s services PPI for October runs hot, coming in at +2.9% Y/Y, up from +2.8% in Sept and ahead of the consensus forecast of +2.5%. The increase was driven by services ranging from machinery repair, accommodation and construction work, reinforcing the central bank’s view that rising wages are prodding more firms to pass on higher labor costs through price hikes. Reuters
- Russian forces are advancing in Ukraine at the fastest rate since the early days of the 2022 invasion, taking an area half the size of London over the past month, analysts and war bloggers say. Reuters
- Israel and Lebanon/Hezbollah are likely to imminently agree to a ceasefire agreement. NYT
- ECB Vice President Luis de Guindos said that more reductions in interest rates are on the way if policymakers’ forecasts for inflation hold. Policymaker Mario Centeno described Europe’s economy as “stagnant.” BBG
- Donald Trump vowed an additional 10% tariff on goods from China and 25% on all products from Canada and Mexico, countering expectations he’d take a more measured stance with Scott Bessent as Treasury secretary. BBG
- US President-elect Trump spoke with Canadian PM Trudeau about trade and border security, while they had a good discussion and agreed to stay in touch. It was also reported that Canadian Deputy PM Freeland noted in a statement that Canada places the highest priority on border security and the integrity of the shared border with the US, while she added the relationship today is balanced and mutually beneficial, particularly for American workers. Reuters.
- US President-elect Trump is considering AI Czar: Axios.
- Qualcomm’s takeover interest in Intel has cooled due to complexities associated with any deal, people familiar said. Separately, Intel secured $7.9 billion in US federal chip grants — $635 million less than an earlier proposed award. BBG
- Weight-loss drugs would be covered by the US government under a Biden administration proposal, potentially extending access of the drugs to millions of Americans. Novo and Lilly shares rose ~1.65% in the premarket. BBG
- Apple is facing an uphill battle to release its own AI models for iPhones and other products in China, with a top Beijing official warning that foreign companies will confront a “difficult and long process” to win approval unless they partner with local groups. FT
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were ultimately mixed but with early jitters seen following Trump’s tariff remarks against Canada, Mexico and China in which he announced to charge Mexico and Canada a 25% tariff on all products and will charge China ‘an additional 10% Tariff, above any additional Tariffs’. ASX 200 declined with weakness seen in energy, gold stocks and financials after the recent drop in underlying commodity prices and yields. Nikkei 225 underperformed as firmer-than-expected Services PPI data supports the case for the BoJ to resume policy normalisation. Hang Seng and Shanghai Comp kept afloat in rangebound trade amid the latest Trump tariff threat but with the downside cushioned as increased tariffs would also likely be met with further policy support measures by China, while the PBoC recently pledged measures to promote tech including prioritising policy support for private, small and medium firms.
Top Asian News
- China’s Embassy in Washington said China believes China-US economic and trade cooperation is mutually beneficial in nature and said no one will win a trade war or a tariff war.
- China’s Ambassador to Australia Xiao Qian said US policy on trade with China and other countries will have an impact, while he expects China and the US to engage with each other to talk about each other’s policies on how to manage the relationship. Furthermore, he said he looks forward to a constructive relationship with Australia irrespective of what happens elsewhere.
- Shanghai Securities News cited analysts stating that the reduction in the MLF operation raises the possibility of a RRR cut and a 25bps-50bps RRR cut is expected in December.
European bourses are lower across the board, Stoxx 600 -0.6%, pressure which comes after US President-elect Trump vowed to impose new tariffs on Mexico, Canada, and China on the first day of his Presidency.
Pressure is broadbased given the above; stock specifics include Banco BPM/UniCredit/Credit Agricole updates while Roche is pressured after a Phase III trial failed to meet the primary endpoint.
European sectors in the red, Autos & Parts at the bottom of the pile given exposure to the above and Autos general sensitivity to the global trade environment. Pharma. names lifting on recent reports of Biden proposing Medicare coverage of obesity drugs, via Bloomberg; Novo Nordisk +2%.
Stateside, futures retreated overnight after Trump’s announcement but have been gradually recovering and made their way back modestly into the green, ES +0.1%; updates incl. Qualcomm’s (-0.1% pre-market) interest in acquiring Intel (+0.7% pre-market) cooling – later was initially pressured on this but has since recovered on the US finalising a 7bln award to Intel.
Top European News
- ECB’s de Guindos says developments point to growth remaining fragile, via Helsingin Sanomat. Concerns about high inflation have shifted to economic growth. Adds, geopolitical risks are increasing.
- ECB’s Villeroy says impact from Trump economic policies on inflation are likely to be limited but interest rates could be impacted.
- ECB’s Centeno says Europe must avoid inflation returning to levels well below target as in recent past.
- ECB’s Rehn says salary and services inflation remain persistent, maintain risk of inflation moderating more slowly than expected. Should continue to cut rates if fresh data and forecasts support the current inflation and growth view. Assessment is that Europe is moving towards neutral rates during early spring.
- Riksbank’s Seim says the long-term neutral rate is likely between 1.5-3.0%. The neutral interest rate is thus assumed to remain at historically low levels. One cannot rule out the possibility of the rate periodically going to near-0%. During an economic slowdown/deep recession, when inflation is far below target, cuts in the order of 1.5-3pps is not particularly exceptional.
FX
- DXY began on the front foot, given Trump’s tariff announcement on Canada, China and Mexico with respective currencies pressured. However, USD strength has waned with broader macro updates light. Month-end flows potentially exerting influence.
- DXY back below the 107.00 mark, down to a 106.73 base with Monday’s trough in proximity at 106.58.
- EUR ultimately a touch firmer after a shaky start against the USD. Slew of ECB speak thus far and more scheduled, though nothing that has changed the narrative. EUR/USD back above 1.05 (1.0426 trough), but shy of Monday’s 1.0530 best.
- JPY has been faring better than peers for much of the session given the risk environment while from a macro perspective digested firmer-than-expected Services PPI data which supports the case for the BoJ to resume policy normalisation. USD/JPY choppy around 154.00 and just within yesterday’s 153.55-154.72 band.
- CAD the major laggard across G10 FX, with MXN lagging more broadly, given the tariff announcements; USD/CAD hit 1.4177 overnight while USD/MXN got to 20.75.
- GBP just about firmer against the USD but softer against the EUR, action modest vs both. Specifics thus far light with the docket limited into BoE’s Pill.
- Deutsche Bank month-end FX rebalancing model shows USD selling with demand seen for EUR/USD and selling in USD/SEK and USD/CHF
- PBoC set USD/CNY mid-point at 7.1910 vs exp. 7.2357 (prev. 7.1918)
Fixed Income
- Benchmarks in the red, pulling back modestly from the rally seen on Monday after Trump’s Treasury Secretary nominee. Stateside, the curve is yield curve is bear-steepening (vs bull-flattening on Monday) though there is some way to go for yields to recoup lost ground.
- Benchmarks saw a jump higher overnight on Trump’s tariff update, but this proved shortlived with fixed fading across the board, modestly in the red and toward session lows.
- While pressured, USTs remain closer to the 110-18 WTD peak than the 109-27 trough from Monday, with today’s base at 110-09 thus far.
- Bunds and Gilts both softer on the session, narrative the same as the above; EGBs unreactive to a handful of ECB speakers thus far with the docket ahead containing more while Gilts await BoE’s Pill.
- Books opened and have since closed on a 1.25% 2054 Gilt syndication, opening saw some modest Gilt pressure (Gilts currently underperform, -24 ticks) though updates since have had no discernible impact.
- Germany sells EUR 3.35bln vs exp. EUR 4bln 2.5% 2029 Bobl: b/c 1.7x (prev. 2.1x), avg. yield 2.04% (prev. 2.13%) & retention 16.25% (prev. 17.73%)
- Italy sells EUR 2bln vs exp. EUR 1.5 – 2.0bln 3.1% 2026 BTP and EUR 1.75bln vs exp. EUR 1.25 – 1.75bln 1.5% 2029 & 0.10% 2033 BTPei
Commodities
- Crude benchmarks are firmer, but with action modest when compared to Monday’s ceasefire-related pressure. As it stands, it appears a ceasefire will be agreed today with Israel’s Cabinet set to meet at 15:30GMT/10:30EST to discuss this.
- Into this meeting, WTI and Brent are firmer by around USD 0.70/bbl having lifted from USD 68.57/bbl and USD 72.70/bbl respective lows. Action which leaves them markedly shy of Monday’s USD 71.48/bbl and USD 75.38/bbl respective peaks.
- Gold is essentially flat, saw some modest two-way action overnight as markets generally but particularly the USD reacted to Trump’s tariff announcements. Currently holding just shy of the USD 2632/oz peak, having benefited from a more concerted pullback in the DXY during the European session.
- Base metals generally pressured overnight given sentiment around Trump and China performance though equity benchmarks in the region closed off lows. Given this, while base metals are in the red they have recovered from worst levels with 3M LME Copper back just above the USD 9k handle
- JPMorgan (JPM) maintains its multi year-bullish outlook on gold, forecasting prices to rise towards USD 3000/oz next year.
- IEA’s Birol says “this year and next year we expect comfortable oil markets unless major geopolitical escalation happens”.
- Exxon (XOM) Head of Upstream says it is “unlikely” there will be a radical change in US oil production and not going to see anyone in “drill baby drill” mode; US companies will maintain capital discipline.
- Iraqi PM, Saudi Energy Minister and Russian Deputy PM stress the importance of maintaining the stability of global oil markets.
Geopolitics
- Israel Broadcasting Corporation quoted an Israeli political official stating the agreement with Lebanon is not an end to the war, but a ceasefire that will be evaluated daily, according to Sky News Arabia.
- Israeli Channel 12 reported rocket shelling from southern Lebanon on Nahariya, according to Sky News Arabia. There were also reports of two Israeli raids on Lebanon’s southern city of Nabatieh, according to Al Jazeera
- Israeli Broadcasting Authority said discussions on demarcating the border with Lebanon will take place 60 days after the ceasefire, according to Al Arabiya.
- Heavy Israeli strikes hit the southern suburb of Beirut, according to Guy Elster citing local reports.
- Ukraine’s Kyiv was under multi-wave Russian drone attacks, according to the Mayor, while it was separately reported that Russian air defences destroyed 39 Ukrainian drones overnight, according to Russian news agencies.
- Russia’s Kremlin says the possibility of western countries giving Ukraine nuclear weapons is “Absolutely irresponsible”; the west should carefully listen to Putin. Elsewhere, Russia’s Spy Chief says Russia are completely against a freeze in the conflict, need a long lasting peace, according to IFAX.
US Event Calendar
- 08:30: Nov. Philadelphia Fed Non-Manufactu, prior 6.0
- 09:00: Sept. S&P Case Shiller Composite-20 YoY, est. 4.70%, prior 5.20%
- Sept. S&P Case Shiller 20 City MoM SA, est. 0.30%, prior 0.35%
- 09:00: Sept. FHFA House Price Index MoM, est. 0.3%, prior 0.3%
- 10:00: Nov. Conf. Board Consumer Confidenc, est. 111.4, prior 108.7
- Nov. Conf. Board Expectations, prior 89.1
- Nov. Conf. Board Present Situation, prior 138.0
- 10:00: Nov. Richmond Fed Index, est. -11, prior -14
- 10:00: Oct. New Home Sales MoM, est. -1.8%, prior 4.1%
- Oct. New Home Sales, est. 725,000, prior 738,000
- 10:30: Nov. Dallas Fed Services Activity, prior 2.0
- 14:00: Nov. FOMC Meeting Minutes
DB’s Jim Reid concludes the overnight wrap
Yesterday we published our World Outlook for 2025, which is called “Navigating Trump 2.025” (link here). It includes all our global economic and asset price forecasts for the year ahead. Given the US election result, our view is we can forget “business as usual”, as a wider range of outcomes have now opened up. These span from a potentially much more positive US outlook on the one hand, to a much more negative European outlook on the other. How President-elect Trump weights his potentially conflicting economic policy goals will influence growth and markets into next year and beyond.
If the primary focus of the new administration is boosting growth, there’s every chance that this can be very positive for the US, with spillovers elsewhere across the globe. But that would likely require less of a focus on campaign promises like the deportation of undocumented immigrants and on tariffs. On the other hand, if greater weight is put on aggressive trade and immigration policies, that could be more negative for growth and push up inflation. A maximalist Trump trade agenda and a Europe constrained to act because of fragmentation is a huge but realistic risk for the continent. The German election (likely in February) could become a pivotal event.
Our base case for 2025 is stronger US growth and inflation, and a higher Fed terminal rate than previously expected, with the opposite conditions for Europe. This is driven by the assumption of modest US tax cuts, a strong deregulation push, and more supportive financial conditions. On trade, we assume a 10 percentage point increase in the tariff rate on imports from China in H1 (ratcheting up a further 10pp in H2) and an equalisation of tariff rates on motor vehicles with Europe. The forecast also assumes a 5% universal baseline tariff, though that is more likely to be implemented late 2025/early 2026. See the report for the full forecast details across different regions and asset classes.
Speaking of tariffs, the main news overnight is that President-elect Trump said on his Truth Social network that one of his first executive orders on January 20 would be to charge Mexico and Canada a 25% tariff on all products, and in a separate post, he said that China would face an additional 10% tariff, above additional tariffs. That’s led to an immediate market reaction, and the Canadian dollar has weakened by -0.86% against the US Dollar this morning, pushing it down to a four-and-a-half year low, whilst the Mexican Peso is down -1.20% against the Dollar. Moreover, several markets in Asia have moved lower, including the Nikkei (-1.54%), the KOSPI (-0.63%), and the S&P/ASX 200 (-0.69%). That said, the main Chinese indices have recovered their initial losses from the open, with the CSI 300 (+0.30%) and the Shanghai Comp (+0.36%) both up this morning.
Ahead of that news overnight, the 10yr Treasury rally (-12.7bps) was the main story yesterday, carrying on from the initial rally in Asia we discussed yesterday after Scott Bessent’s nomination as the new US Treasury Secretary late on Friday. But markets were also helped by reports suggesting that Israel and Hezbollah were close to agreeing a ceasefire, with Israel’s ambassador to the US saying that a deal “could happen within days”. So that led to a noticeable pullback in Brent crude oil prices (-2.87%), which also helped to ease investors’ fears about inflationary risks.
In terms of Scott Bessent’s nomination, we mentioned yesterday how markets were already reacting constructively in Asia, but that was evident across the US session as well. That’s because Bessent is seen as market-friendly and has supported a gradualist approach on tariffs, so his nomination is seen as a less aggressive option than some of the others would have been. In addition, Bessent has consistently argued in favour of cutting the federal budget deficit, so that was viewed as positive for Treasuries as well. Lower yields meant the dollar index (-0.69%) saw its biggest daily decline since August.
The positive reaction was clearest in Treasury markets, where yields saw a clear decline across the curve. For instance, the 2yr yield was down -10.4bps to 4.27%, whilst the 10yr yield fell -12.7bps to 4.27%. There was also a particularly strong decline among real yields, with the 30yr real yield (-7.0bps) seeing its biggest daily decline since August. Nevertheless, after the US close, Minneapolis Fed President Kashkari said that, “knowing what I know today…considering a 25-basis-point cut in December — it’s a reasonable debate for us to have.” So that added to the questions about whether the Fed would cut at all next month, and the 2yr yield is up +1.7bps overnight to 4.29%. At the same time, Kashkari acknowledged “some confidence that (inflation) is gently trending down.”
Whilst that was happening, the other main story yesterday came from the Middle East, where reports suggested that Israel and Hezbollah were moving closer to a ceasefire deal. That led to a direct reaction amongst several assets, and the Israeli shekel strengthened +1.66% against the US Dollar, which is its biggest daily move up in four weeks. Moreover, oil prices saw an immediate move lower as the reports came through, with Brent crude falling -2.87% to close at $73.01/bbl. Overnight however, oil prices have stabilised, with Brent up +0.40% higher to $73.30/bbl as we go to press.
This backdrop proved favourable to equities on both sides of the Atlantic, with the S&P 500 (+0.30%) advancing for a 6th consecutive session, whilst the STOXX 600 (+0.06%) was (just) up for a 3rd day running. The US gains were pretty broad, with 77% of the index higher and the equal-weighted S&P 500 up by +0.88%, whilst the small-cap Russell 2000 surged by +1.47% to an all-time high, so a lot of companies did very well yesterday. However, energy stocks struggled given the oil price moves, whilst Nvidia (-4.18%) fell back for a second day running and is now -6.77% since its results last week.
Over in Europe, there were a few headlines out of Germany yesterday, as Chancellor Scholz won the support of top SPD officials to be their chancellor candidate in the election. Separately, we also had the Ifo’s latest business climate indicator for November, which ticked down a bit more than expected to 85.7 (vs. 86.0 expected), whilst the current assessment reading fell to its lowest since July 2020, at just 84.3. In the meantime, sovereign bonds rallied across the continent, with yields on 10yr bunds (-3.2bps), OATs (-1.9bps) and BTPs (-2.8bps) all moving lower.
Notably, there was also another uptick in the Franco-German 10yr spread, which closed at 81.4bps, which is its highest level since June, shortly before the first round of the snap legislative election. For further insight into France’s upcoming budget negotiations this week, see our European economists’ primer here. The note takes you through the upcoming stages of the budget approval process and the routes the budget could take. Their most likely path is using Article 49.3 to bypass a National Assembly vote, but this would very likely trigger a no-confidence vote in the government. See more in the report.
To the day ahead now, and data releases from the US include the Conference Board’s consumer confidence for November, new home sales for October, and the FHFA’s house price index for September. From central banks, we’ll get the FOMC minutes from the November meeting, and we’ll hear from the ECB’s Villeroy, Centeno, Rehn and Muller, along with the BoE’s Pill.
2B) European report.
CAD & MXN hit by Trump’s tariff announcement, US futures impacted but are back in the green; FOMC minutes ahead – Newsquawk US Market Open
Tuesday, Nov 26, 2024 – 06:08 AM
- Trump announced he is to charge Mexico and Canada a 25% tariff on all products and will charge China ‘an additional 10% Tariff, above any additional Tariffs’.
- European bourses in the red on the above, US futures initially pressured but have since made their way back to unchanged/marginally firmer
- USD began on the back foot but has since retreated markedly, JPY outperforms while CAD is the G10 laggard
- Fixed benchmarks in the red pulling back from Monday’s gains though did see a shortlived move higher on the tariff announcement
- Crude firmer but action modest after recent ceasefire related pressure; Israel’s Cabinet set to meet at 15:30GMT/10:30EST to discuss this
- Looking ahead, highlights include US Building Permits (R), Consumer Confidence, Richmond Fed, FOMC Minutes, Speakers including ECB’s Muller, Kazaks, Centeno, BoE’s Pill & BoC’s Mendes, Supply from the US, Earnings from Abercrombie, Kohl’s, Best Buy, Analog Devices, Dell, CrowdStrike & HPE
- Click for the Newsquawk Week Ahead.
EUROPEAN TRADE
EQUITIES
- European bourses are lower across the board, Stoxx 600 -0.6%, pressure which comes after US President-elect Trump vowed to impose new tariffs on Mexico, Canada, and China on the first day of his Presidency.
- Pressure is broadbased given the above; stock specifics include Banco BPM/UniCredit/Credit Agricole updates while Roche is pressured after a Phase III trial failed to meet the primary endpoint.
- European sectors in the red, Autos & Parts at the bottom of the pile given exposure to the above and Autos general sensitivity to the global trade environment. Pharma. names lifting on recent reports of Biden proposing Medicare coverage of obesity drugs, via Bloomberg; Novo Nordisk +2%.
- Stateside, futures retreated overnight after Trump’s announcement but have been gradually recovering and made their way back modestly into the green, ES +0.1%; updates incl. Qualcomm’s (-0.1% pre-market) interest in acquiring Intel (+0.7% pre-market) cooling – later was initially pressured on this but has since recovered on the US finalising a 7bln award to Intel.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- DXY began on the front foot, given Trump’s tariff announcement on Canada, China and Mexico with respective currencies pressured. However, USD strength has waned with broader macro updates light. Month-end flows potentially exerting influence.
- DXY back below the 107.00 mark, down to a 106.73 base with Monday’s trough in proximity at 106.58.
- EUR ultimately a touch firmer after a shaky start against the USD. Slew of ECB speak thus far and more scheduled, though nothing that has changed the narrative. EUR/USD back above 1.05 (1.0426 trough), but shy of Monday’s 1.0530 best.
- JPY has been faring better than peers for much of the session given the risk environment while from a macro perspective digested firmer-than-expected Services PPI data which supports the case for the BoJ to resume policy normalisation. USD/JPY choppy around 154.00 and just within yesterday’s 153.55-154.72 band.
- CAD the major laggard across G10 FX, with MXN lagging more broadly, given the tariff announcements; USD/CAD hit 1.4177 overnight while USD/MXN got to 20.75.
- GBP just about firmer against the USD but softer against the EUR, action modest vs both. Specifics thus far light with the docket limited into BoE’s Pill.
- Deutsche Bank month-end FX rebalancing model shows USD selling with demand seen for EUR/USD and selling in USD/SEK and USD/CHF
- PBoC set USD/CNY mid-point at 7.1910 vs exp. 7.2357 (prev. 7.1918)
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- Benchmarks in the red, pulling back modestly from the rally seen on Monday after Trump’s Treasury Secretary nominee. Stateside, the curve is yield curve is bear-steepening (vs bull-flattening on Monday) though there is some way to go for yields to recoup lost ground.
- Benchmarks saw a jump higher overnight on Trump’s tariff update, but this proved shortlived with fixed fading across the board, modestly in the red and toward session lows.
- While pressured, USTs remain closer to the 110-18 WTD peak than the 109-27 trough from Monday, with today’s base at 110-09 thus far.
- Bunds and Gilts both softer on the session, narrative the same as the above; EGBs unreactive to a handful of ECB speakers thus far with the docket ahead containing more while Gilts await BoE’s Pill.
- Books opened and have since closed on a 1.25% 2054 Gilt syndication, opening saw some modest Gilt pressure (Gilts currently underperform, -24 ticks) though updates since have had no discernible impact.
- Germany sells EUR 3.35bln vs exp. EUR 4bln 2.5% 2029 Bobl: b/c 1.7x (prev. 2.1x), avg. yield 2.04% (prev. 2.13%) & retention 16.25% (prev. 17.73%)
- Italy sells EUR 2bln vs exp. EUR 1.5 – 2.0bln 3.1% 2026 BTP and EUR 1.75bln vs exp. EUR 1.25 – 1.75bln 1.5% 2029 & 0.10% 2033 BTPei
- Click for a detailed summary
COMMODITIES
- Crude benchmarks are firmer, but with action modest when compared to Monday’s ceasefire-related pressure. As it stands, it appears a ceasefire will be agreed today with Israel’s Cabinet set to meet at 15:30GMT/10:30EST to discuss this.
- Into this meeting, WTI and Brent are firmer by around USD 0.70/bbl having lifted from USD 68.57/bbl and USD 72.70/bbl respective lows. Action which leaves them markedly shy of Monday’s USD 71.48/bbl and USD 75.38/bbl respective peaks.
- Gold is essentially flat, saw some modest two-way action overnight as markets generally but particularly the USD reacted to Trump’s tariff announcements. Currently holding just shy of the USD 2632/oz peak, having benefited from a more concerted pullback in the DXY during the European session.
- Base metals generally pressured overnight given sentiment around Trump and China performance though equity benchmarks in the region closed off lows. Given this, while base metals are in the red they have recovered from worst levels with 3M LME Copper back just above the USD 9k handle
- JPMorgan (JPM) maintains its multi year-bullish outlook on gold, forecasting prices to rise towards USD 3000/oz next year.
- IEA’s Birol says “this year and next year we expect comfortable oil markets unless major geopolitical escalation happens”.
- Exxon (XOM) Head of Upstream says it is “unlikely” there will be a radical change in US oil production and not going to see anyone in “drill baby drill” mode; US companies will maintain capital discipline.
- Iraqi PM, Saudi Energy Minister and Russian Deputy PM stress the importance of maintaining the stability of global oil markets.
- Click for a detailed summary
NOTABLE DATA RECAP
- UK BRC Retail Shop Price Index YY (Nov) -0.6% (Prev. -0.8%)
- UK CBI Distributive Trades (Nov) -18.0 (Prev. -6.0)
NOTABLE EUROPEAN HEADLINES
- ECB’s de Guindos says developments point to growth remaining fragile, via Helsingin Sanomat. Concerns about high inflation have shifted to economic growth. Adds, geopolitical risks are increasing.
- ECB’s Villeroy says impact from Trump economic policies on inflation are likely to be limited but interest rates could be impacted.
- ECB’s Centeno says Europe must avoid inflation returning to levels well below target as in recent past.
- ECB’s Rehn says salary and services inflation remain persistent, maintain risk of inflation moderating more slowly than expected. Should continue to cut rates if fresh data and forecasts support the current inflation and growth view. Assessment is that Europe is moving towards neutral rates during early spring.
- Riksbank’s Seim says the long-term neutral rate is likely between 1.5-3.0%. The neutral interest rate is thus assumed to remain at historically low levels. One cannot rule out the possibility of the rate periodically going to near-0%. During an economic slowdown/deep recession, when inflation is far below target, cuts in the order of 1.5-3pps is not particularly exceptional.
NOTABLE US HEADLINES
- US President-elect Trump said as one of his many first executive orders, he will charge Mexico and Canada a 25% tariff on all products coming into the US which will remain in effect until drugs, in particular Fentanyl, and all ‘Illegal Aliens’ stop invading the US.
- US President-elect Trump stated on Truth Social that he would charge China “an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America” until drugs stop pouring into the US.
- US President-elect Trump spoke with Canadian PM Trudeau about trade and border security, while they had a good discussion and agreed to stay in touch, according to a Canadian source cited by Reuters. It was also reported that Canadian Deputy PM Freeland noted in a statement that Canada places the highest priority on border security and the integrity of the shared border with the US, while she added the relationship today is balanced and mutually beneficial, particularly for American workers.
- US President-elect Trump is considering AI Czar, according to Axios.
- US President Biden proposes Medicare and Medicaid coverage of obesity drugs, according to Bloomberg. An updated which has bolstered the obesity-related drugmakers in European trade and the US pre-market
- Fed’s Kashkari (2026 voter) said the government must take steps to achieve a sustainable fiscal path, while he added that the natural rate may be higher and policy not as restrictive. Kashkari said geopolitical risks remain at the forefront of the economic outlook and that tit-for-tat tariffs may lead to inflation. Furthermore, he said it reasonable to consider a rate cut next month and said they are still considering a 25bps cut in December which is a reasonable debate for them to have.
GEOPOLITICS
MIDDLE EAST
- Israel Broadcasting Corporation quoted an Israeli political official stating the agreement with Lebanon is not an end to the war, but a ceasefire that will be evaluated daily, according to Sky News Arabia.
- Israeli Channel 12 reported rocket shelling from southern Lebanon on Nahariya, according to Sky News Arabia. There were also reports of two Israeli raids on Lebanon’s southern city of Nabatieh, according to Al Jazeera
- Israeli Broadcasting Authority said discussions on demarcating the border with Lebanon will take place 60 days after the ceasefire, according to Al Arabiya.
- Heavy Israeli strikes hit the southern suburb of Beirut, according to Guy Elster citing local reports.
RUSSIA-UKRAINE
- Ukraine’s Kyiv was under multi-wave Russian drone attacks, according to the Mayor, while it was separately reported that Russian air defences destroyed 39 Ukrainian drones overnight, according to Russian news agencies.
- Russia’s Kremlin says the possibility of western countries giving Ukraine nuclear weapons is “Absolutely irresponsible”; the west should carefully listen to Putin. Elsewhere, Russia’s Spy Chief says Russia are completely against a freeze in the conflict, need a long lasting peace, according to IFAX.
CRYPTO
- On the backfoot, Bitcoin has retreated from a USD 95k session high to a test of USD 92k to the downside. A correction from highs that is now in its third consecutive session, after BTC approached but failed to print at the USD 100k mark last week.
APAC TRADE
- APAC stocks were ultimately mixed but with early jitters seen following Trump’s tariff remarks against Canada, Mexico and China in which he announced to charge Mexico and Canada a 25% tariff on all products and will charge China ‘an additional 10% Tariff, above any additional Tariffs’.
- ASX 200 declined with weakness seen in energy, gold stocks and financials after the recent drop in underlying commodity prices and yields.
- Nikkei 225 underperformed as firmer-than-expected Services PPI data supports the case for the BoJ to resume policy normalisation.
- Hang Seng and Shanghai Comp kept afloat in rangebound trade amid the latest Trump tariff threat but with the downside cushioned as increased tariffs would also likely be met with further policy support measures by China, while the PBoC recently pledged measures to promote tech including prioritising policy support for private, small and medium firms.
NOTABLE ASIA-PAC HEADLINES
- China’s Embassy in Washington said China believes China-US economic and trade cooperation is mutually beneficial in nature and said no one will win a trade war or a tariff war.
- China’s Ambassador to Australia Xiao Qian said US policy on trade with China and other countries will have an impact, while he expects China and the US to engage with each other to talk about each other’s policies on how to manage the relationship. Furthermore, he said he looks forward to a constructive relationship with Australia irrespective of what happens elsewhere.
- Shanghai Securities News cited analysts stating that the reduction in the MLF operation raises the possibility of a RRR cut and a 25bps-50bps RRR cut is expected in December.
DATA RECAP
- Japanese Services PPI (Oct) 2.90% vs. Exp. 2.50% (Prev. 2.60%)
2C ASIAN REPORT
Trump announces tariffs on Canada, China & Mexico; FOMC Minutes due – Newsquawk Europe Market Open
Tuesday, Nov 26, 2024 – 01:17 AM
- APAC stocks were ultimately mixed but with early jitters seen following Trump’s tariff remarks.
- Trump announced he is to charge Mexico and Canada a 25% tariff on all products and will charge China ‘an additional 10% Tariff, above any additional Tariffs’.
- 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 0.2% on Monday.
- Israeli official said the Security Cabinet is likely to approve the ceasefire agreement, according to Bloomberg.
- DXY is firmer and back above the 107 mark, JPY is the best performer vs. the USD, EUR/USD is back below 1.05.
- Looking ahead, highlights include US Building Permits, Richmond Fed Index, FOMC Minutes, Speakers including ECB’s Rehn & BoC’s Mendes, Supply from Italy, Germany & US.
SNAPSHOT
More Newsquawk in 3 steps:
1. Subscribe to the free premarket movers reports
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 day
US TRADE
EQUITIES
- US stocks were positive in which the S&P 500, Dow and Russell 2000 all made fresh ATHs, while Treasuries bull flattened with the upside in both stocks and bonds primarily a response to the market-friendly pick of Scott Bessent as US President-elect Trump’s Treasury Secretary as Bessent is seen as a fiscal conservative and has urged for a phased approach to the implementation of tariffs. Meanwhile, the dollar initially sold off on the news but then gradually nursed some of the losses ahead of this week’s key events.
- SPX +0.30% at 5,987, NDX +0.14% at 20,805, DJIA +0.99% at 44,737, RUT +1.47% at 2,442.
- Click here for a detailed summary.
NOTABLE HEADLINES
- US President-elect Trump said as one of his many first executive orders, he will charge Mexico and Canada a 25% tariff on all products coming into the US which will remain in effect until drugs, in particular Fentanyl, and all ‘Illegal Aliens’ stop invading the US.
- US President-elect Trump stated on Truth Social that he would charge China “an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America” until drugs stop pouring into the US.
- US President-elect Trump spoke with Canadian PM Trudeau about trade and border security, while they had a good discussion and agreed to stay in touch, according to a Canadian source cited by Reuters. It was also reported that Canadian Deputy PM Freeland noted in a statement that Canada places the highest priority on border security and the integrity of the shared border with the US, while she added the relationship today is balanced and mutually beneficial, particularly for American workers.
- Fed’s Goolsbee (2025 voter) said they are closer to the median on the neutral rate estimate but noted rates have a fair way to go before they go to neutral and reiterated that interest rates will be lower by the end of 2025, according to Fox Business.
- Fed’s Kashkari (2026 voter) said the government must take steps to achieve a sustainable fiscal path, while he added that the natural rate may be higher and policy not as restrictive. Kashkari said geopolitical risks remain at the forefront of the economic outlook and that tit-for-tat tariffs may lead to inflation. Furthermore, he said it reasonable to consider a rate cut next month and said they are still considering a 25bps cut in December which is a reasonable debate for them to have.
APAC TRADE
EQUITIES
- APAC stocks were ultimately mixed but with early jitters seen following Trump’s tariff remarks against Canada, Mexico and China in which he announced to charge Mexico and Canada a 25% tariff on all products and will charge China ‘an additional 10% Tariff, above any additional Tariffs’.
- ASX 200 declined with weakness seen in energy, gold stocks and financials after the recent drop in underlying commodity prices and yields.
- Nikkei 225 underperformed as firmer-than-expected Services PPI data supports the case for the BoJ to resume policy normalisation.
- Hang Seng and Shanghai Comp kept afloat in rangebound trade amid the latest Trump tariff threat but with the downside cushioned as increased tariffs would also likely be met with further policy support measures by China, while the PBoC recently pledged measures to promote tech including prioritising policy support for private, small and medium firms.
- US equity futures (ES U/C, NQ +0.1%) retreated as markets digested Trump’s tariff comments but then gradually recovered and returned to flat territory.
- 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 0.2% on Monday.
FX
- DXY was initially boosted in reaction to Trump’s latest tariff threats against Canada, Mexico and China which pressured CAD, MXN and CNH, while the selling then permeated across the greenback’s major counterparts. However, the moves were then gradually reversed throughout the session ahead of upcoming data releases and the latest FOMC Minutes.
- EUR/USD reversed some of the prior day’s gains and slipped back beneath the 1.0500 handle amid the firmer buck, while there were several comments from ECB officials including Nagel who said he is increasingly confident over disinflation but rate cuts must be gradual as risks remain.
- GBP/USD gave back yesterday’s gains after failing to sustain the 1.2600 status and with headwinds seen following Trump’s tariff comments, while a continued decline in the UK BRC Shop Price Index had little impact.
- USD/JPY trickled lower throughout the session and slipped beneath the 154.00 level amid firmer-than-expected Services PPI.
- Antipodeans were pressured as CNH weakened following Trump’s latest tariff threats but have since bounced off worst levels, while the rebound was capped amid a quiet calendar and as participants await tomorrow’s RBNZ meeting.
- PBoC set USD/CNY mid-point at 7.1910 vs exp. 7.2357 (prev. 7.1918)
FIXED INCOME
- 10yr UST futures took a breather after the recent bull flattening in response to the nomination of fiscal hawk Bessent as US Treasury Secretary, while participants now look ahead to a 5yr auction stateside and the FOMC Minutes.
- Bund futures traded flat as price action calmed down from the prior day’s temperamental mood and ahead of German supply.
- 10yr JGB futures gave back some of the opening gains with resistance seen around the 143.00 level and after firmer-than-expected Japanese Services PPI data.
COMMODITIES
- Crude futures attempted to nurse some losses after falling by around 3% yesterday amid reports of an approaching ceasefire between Israel and Lebanon which was said to be announced within 36 hours, while the Israeli Security Cabinet will convene to vote on the Lebanon ceasefire deal.
- Spot gold was pressured as the dollar strengthened following Trump’s latest tariff threats, although the precious metal then bounced back from lows to provide some relief after slumping by more than 3% yesterday.
- Copper futures declined amid the predominantly cautious mood owing to tariff-related concerns.
CRYPTO
- Bitcoin gained overnight and returned to above the USD 94,000 level.
NOTABLE ASIA-PAC HEADLINES
- China’s Embassy in Washington said China believes China-US economic and trade cooperation is mutually beneficial in nature and said no one will win a trade war or a tariff war.
- China’s Ambassador to Australia Xiao Qian said US policy on trade with China and other countries will have an impact, while he expects China and the US to engage with each other to talk about each other’s policies on how to manage the relationship. Furthermore, he said he looks forward to a constructive relationship with Australia irrespective of what happens elsewhere.
- Shanghai Securities News cited analysts stating that the reduction in the MLF operation raises the possibility of a RRR cut and a 25bps-50bps RRR cut is expected in December.
DATA RECAP
- Japanese Services PPI (Oct) 2.90% vs. Exp. 2.50% (Prev. 2.60%)
GEOPOLITICS
MIDDLE EAST
- Israel’s government was reported to still have reservations about some details of the agreement regarding the Lebanon-Israel ceasefire, according to Al Jazeera. However, it was later reported that an Israeli official said the Security Cabinet is likely to approve the ceasefire agreement, according to Bloomberg.
- Israel Broadcasting Corporation quoted an Israeli political official stating the agreement with Lebanon is not an end to the war, but a ceasefire that will be evaluated daily, according to Sky News Arabia.
- Israel’s Security Cabinet will convene today at 17:30 local time (10:30EST/15:30GMT) at the IDF headquarters in Tel Aviv to approve the Lebanon ceasefire deal, according to Axios citing an Israeli official.
- US President Biden and French President Macron will announce a ceasefire in Lebanon on Tuesday morning for about two months, according to Sky News Arabia citing the Israeli Broadcasting Authority.
- Four Senior Lebanese sources said there is a plan for US President Biden and French President Macron to announce a Hezbollah-Israel ceasefire deal within 36 hours, while the French Presidency said discussions on a ceasefire in Lebanon have made significant progress.
- US State Department believes that the gaps in the ceasefire agreement have been narrowed significantly but there are still steps that need to be taken, while it doesn’t believe it has an agreement yet on Lebanon.
- White House said discussions Hochstein had on a Lebanon-Israel ceasefire were positive and going in the right direction, while National Security spokesman Kirby said they are close’ on a Lebanon ceasefire. White House separately announced that US official McGurk will be in Saudi Arabia on Tuesday to discuss using a potential Lebanon ceasefire as a catalyst for a potential Gaza ceasefire.
- Israeli Channel 12 reported rocket shelling from southern Lebanon on Nahariya, according to Sky News Arabia. There were also reports of two Israeli raids on Lebanon’s southern city of Nabatieh, according to Al Jazeera
- Israeli Broadcasting Authority said discussions on demarcating the border with Lebanon will take place 60 days after the ceasefire, according to Al Arabiya.
RUSSIA-UKRAINE
- Ukraine’s Kyiv was under multi-wave Russian drone attacks, according to the Mayor, while it was separately reported that Russian air defences destroyed 39 Ukrainian drones overnight, according to Russian news agencies.
- Ukrainian Defense official said Moscow is “recruiting Yemeni Houthis to participate in hostilities against Ukraine” but added the current numbers are extremely low, serving as “cannon fodder”, according to Fox News.
EU/UK
NOTABLE HEADLINES
- UK Chancellor Reeves said the UK budget measures will be good for growth and jobs.
- UK outlined the first steps of a plan to get more people back into work including increasing access to mental health support and to reform job centres.
- ECB’s Makhlouf said rates are on a downward trajectory, while he is confident about inflation hitting the 2% target in 2025 and is open-minded on the slope of this downward trajectory. Makhlouf also noted there is substantial uncertainty over the policy of trade partners.
- ECB’s Nagel said he is increasingly confident over disinflation but rate cuts must be gradual as risks remain, while he commented that Germany’s growth is likely to stagnate in Q4 and Germany is falling behind the Eurozone average. Furthermore, he said the inflation goal is ‘soon’ to be met, but noted that risks remain and rates are still restrictive.
DATA RECAP
- UK BRC Retail Shop Price Index YY (Nov) -0.6% (Prev. -0.8%)
3B NORTH KOREA/SOUTH KOREA
Important!!
Robert H:
NORTH KOREA/RUSSIA/UKRAINE/USA
Russian missiles arrive just miles from U.S. strategic bases
“The outcome of this conflict in Ukraine is a new line of escalation, threat and defeat in Korea for US hegemony.
South Korea can no longer be used as a battering ram against North Korea. US forces in South Korea are blunted. For the sake of fiscal financial stability they should be brought home. Let alone their safety. The same goes for other major NATO or US troop locations. Concentrations of such forces is easily eliminated on the battlefield with these new generational missiles. The same principles used in last Thursday’s demonstration already are applied in a new variant not yet tested by example but existent in what is called Avanguard. The difference is speed as this comes in at Mach 25 and not 10 and currently exists in a cluster of 12. Although it is thought it can be increased to 24 with modification. This warhead can be conventional or nuclear. And Russia has both in serial production.
The reality is that Neocons have not only suffered a strategic Defeat in Ukraine, they have also been dealt setbacks elsewhere on the globe.
There is no way for Western or NATO influence on North Korea because it now acts in concert with defense of Russia and China and provoked they will have access to weapons like Hazelnut. As a matter of fact one might do well to see where factories were built to start such serial production. And one might choose to read the mutual defense agreements signed with North Korea and China the Russians have. While noting that Washington has now confirmed that the lie and hype of North Korean troops in Kursk was a lie.
We are watching an escalating war. Every war game conducted has with this craziness all resulted in
nuclear war. One call from Washington would calm this down. But this will not happen. And one might choose to understand at what cities those Topol-M one megaton missiles are pointed and why.
The next period is getting very dangerous and dominos are being placed. Without a wide ranging security agreement with Russia and the West this will become nuts. And Neocons are not capable of admitting error or years of wasteful expenditure. This the lessons of history will taught in hopes this time they are learnt.:”
END
3C JAPAN
USA will deploy missiles to the Japanese islands if China attacks Taiwan
(zerohedge)
US To Deploy Missiles To Japanese Islands If China Attacks Taiwan
Tuesday, Nov 26, 2024 – 05:45 AM
Authored by Dave DeCamp via AntiWar.com,
The US military will set up temporary bases to deploy missile units along Japan’s southern islands in the event of a Taiwan contingency, Japan’s Kyodo News reported on Sunday.
The report said that under the first part of a joint US-Japan operation plan, a new Marine Corps unit designed for island hopping in the Western Pacific, known as the Marine Littoral Regiment, will be deployed with HIMARS rocket systems along the Ryukyu Islands.
The Ryukyu Islands, known as the Nansei Islands in Japan, include Okinawa and stretch south toward Taiwan. Japan’s military will support the US Marine deployment along the island chain by providing logistical support, including the supply of fuel and ammunition.
The Kyodo report also said the US would “deploy the Multi-Domain Task Force’s long-range fire units in the Philippines.”
Earlier this year, the US deployed a new intermediate-range land-based missile system to the Philippines, known as the Typhon, which is capable of firing nuclear-capable Tomahawk missiles.
The report said the four new bases the US is establishing in the Philippines as part of a military deal signed last year are expected to be used to respond to a Chinese attack on Taiwan.
Map showing the location of the Ryukyu Islands:
The US is openly planning for a future war with China over Taiwan despite the obvious risk of nuclear war, and strengthening military ties with the Philippines and Japan is key to those plans.
end
3D. CHINA/TAIWAN/INDO PACIFIC
CHINA
Huawei ditches the West’s android operating system with their own Chinese made smartphone
(zerohedge)
Huawei Ditches Android OS In New ‘Made-In-China’ Smartphone
Tuesday, Nov 26, 2024 – 07:45 AM
Chinese tech giant Huawei Technologies is preparing to break free from Western technology with its new flagship smartphone, which features domestic chips and homegrown software.
During the Tuesday launch event of the Mate 70 series, Richard Yu, the chairman of Huawei’s consumer business, told the audience, “This is our most powerful phone (in the Mate series),” adding, “We have always been copied but never surpassed.”
The release of the Mate 60 in 2023 sent shockwaves through Washington, D.C. political elites who had attempted to hinder Huawei’s smartphone advancement through sanction warfare. However, the Mate 60 was found to feature cutting-edge domestic chips.
Yu explained that all new Huawei smartphones and tablets will be equipped with domestic chips in 2025 and beyond. He also said these devices will no longer feature Google’s Android operating system but will instead be powered by Huawei’s own operating system called “HarmonyOS Next.”
“HarmonyOS Next has good potential as an alternative in China,” Will Wong, senior research manager at IDC, told CNBC.
Lucas Zhong, a research analyst at Canalys, told CNN that the Mate 70 represents a “critical step” in Huawei’s software evolution. He said pivoting away from the Android ecosystem “will be essential for Huawei to maintain momentum in the premium segment, solidify consumer loyalty, and attract potential platform switchers.”
The Mate 70 signifies that Chinese companies can circumnavigate White House chip sanctions and achieve a complete disconnect from the West with their own operating system. It also symbolizes that the tech war between the US and China may only accelerate with President-elect Donald Trump’s return to the White House in mid-January.
Mengmeng Zhang, a senior analyst at Counterpoint Research, estimated that Mate 70 series production should achieve about 10 million shipments over its lifetime, adding: “It will take time for Huawei to expand the developer community and establish a competitive … ecosystem.”
end
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
UK/RUSSIA
UK hits Russia with its largest sanctions package yet, sanctioning 30 oil tankers
(zerohedge)
UK Slaps Largest Sanctions Package Yet On Russia’s Shadow Tanker Fleet
Tuesday, Nov 26, 2024 – 03:30 AM
Authored by Charles Kennedy via OilPrice.com,
- The UK has sanctioned 30 ships involved in Russia’s shadow fleet to disrupt its oil trade.
- This move aims to limit Russia’s ability to fund its war in Ukraine by reducing its oil revenue.
- The UK has taken a leading role in targeting Russia’s shadow fleet, imposing more sanctions than any other country.
The UK on Monday sanctioned as many as 30 tankers identified as belonging to Russia’s shadow fleet that circumvents the Western oil sanctions, in the single largest sanctions package aimed at Russia’s dark fleet and at stifling Putin’s oil revenues.
The UK imposed sanctions on 30 ships in Russia’s shadow fleet today. These vessels have been responsible for transporting billions of UK pounds worth of oil and oil products in the last year alone.
With half of the ships targeted today transporting more than $4.3 billion worth of oil and oil products like gasoline in the last year alone, today is the largest UK package of its kind, the UK government said.
The UK hopes that the latest sanctions package “will further constrain the Kremlin’s ability to fund their illegal war in Ukraine and their malign activity worldwide,” the government noted.
The sanctions announced today bring the total number of oil tankers sanctioned by the UK to 73, more than any other nation, demonstrating the UK’s leadership in tackling the shadow fleet, according to the cabinet.
To date, the UK has sanctioned 73 oil tankers in the shadow fleet, compared to 39 sanctioned by the United States and 19 by the European Union (EU).
Alongside the 30 oil tankers of the shadow fleet used by Russia, the UK is also sanctioning two Russian insurance companies, AlfaStrakhovanie and VSK, “for enabling the shadow fleet.”
The UK’s announcement comes as Foreign Secretary David Lammy is at the G7 Foreign Ministers meeting in Italy, where he is pushing other countries “to maintain pressure on Russia’s war machine, in parallel with efforts to step up military and financial support for Ukraine.”
Last month, Russia appeared to continue to find ways to circumvent Western sanctions and was defying one of the latest measures, the blacklisting of dozens of oil tankers for carrying Russian oil, by putting around one-third of these back to work to deliver its oil.
END
NATO/RUSSIA
This is such a stupid move: NATO revives talk of sending European troops to Ukraine.
(zerohedge)
NATO Revives Talk Of Sending European Troops To Ukraine, Warns Biz Leaders To Prepare For “Wartime Scenario”
Tuesday, Nov 26, 2024 – 02:45 AM
It’s been no secret that in Ukraine there will be escalation before any potential ceasefire deal is worked out. The Biden administration is scrambling to try and build Kiev’s leverage on the battlefield prior to the Trump administration taking office. This includes the huge provocation of greenlighting long-range missile strikes on Russian territory.
France followed this weekend by approving Ukraine’s use of French long-range missiles against Russia, specifically the Scalp missiles. French Foreign Minister Jean-Noel Barrot declared that this move is in the “logic of self-defense”.
The top French diplomat continued, “We will support Ukraine as intensely and as long as necessary. Why? Because it is our security that is at stake. Each time the Russian army progresses by one square kilometer, the threat gets one square kilometer closer to Europe.”
BBC interviewer Laura Kuenssberg questioned Barrot on if that could even mean sending French troops into the war. He responded: “We do not discard any option.”
Prominent French publication Le Monde on Monday followed by saying serious discussions over injecting Western troops into the war have intensified in the last days:
As the conflict in Ukraine enters a new phase of escalation, discussions over sending Western troops and private defense companies to Ukraine have been revived, Le Monde has learned from corroborating sources. These are sensitive discussions, most of which are classified – relaunched in light of a potential American withdrawal of support for Kyiv once Donald Trump takes office on January 20, 2025.
Britain is once again at the forefront of urging NATO’s deeper involvement in the war, which threatens at any moment to explode into WW3 among nuclear-armed powers. Enter Keir Starmer… in the hawkish footsteps of Boris Johnson:
However, it was relaunched in recent weeks thanks to the visit to France of the UK prime minister, Keir Starmer, for the November 11th commemorations. “Discussions are underway between the UK and France on defense cooperation, particularly with a view to creating a hard core of allies in Europe, focused on Ukraine and wider European security,” confided a British military source to Le Monde.
Jean-Noël Barro’s aforementioned words about ‘no options’ ruled out appears to have been a reflection on these continued ‘sensitive’ conversations.
There have been more reports of US-supplied ATACMS launches on Russian territory since their initial use last week:
Meanwhile, NATO military committee chair, Dutch Admiral Rob Bauer, warned businesses to be prepared for a ‘wartime scenario.’
“If we can make sure that all crucial services and goods can be delivered no matter what, then that is a key part of our deterrence,” said Bauer, adding “We’re seeing that with the growing number of sabotage acts, and Europe has seen that with energy supply.”
“We thought we had a deal with Gazprom, but we actually had a deal with Mr Putin. And the same goes for Chinese-owned infrastructure and goods. We actually have a deal with (Chinese President) Xi (Jinping).”
Bauer noted western dependencies on supplies from China, with 60% of all rare earth materials produced and 90% processed there. He said chemical ingredients for sedatives, antibiotics, anti-inflammatories and low blood pressure medicines were also coming from China. -Reuters
“We are naive if we think the Communist Party will never use that power. Business leaders in Europe and America need to realise that the commercial decisions they make have strategic consequences for the security of their nation,” Bauer continued. “Businesses need to be prepared for a wartime scenario and adjust their production and distribution lines accordingly. Because while it may be the military who wins battles, it’s the economies that win wars.”
Astoundingly, the dangerous prospect of Western boots on the ground is actually being mulled even as Russia has showcased the destruction force and long reach of its new hypersonic medium-range missile arsenal.
In the hopefully unlikely scenario that NATO leaders pull the trigger on this, it would probably be before Trump takes office. He has vowed to rapidly wind down the nearly three-year conflict and achieve peace. This has hawks up in arms, worried that this will force Ukraine to cede territory, particularly in the east and south.
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HEZBOLLAH
Ceasefire begins 10 AM TOMORROW
Ceasefire in Lebanon to be announced at 10 p.m., takes effect at 10 a.m. WEDNESDAY
The war cabinet is expected to meet at 6 p.m. to approve the agreement in Lebanon.
By YUVAL BARNEANOVEMBER 26, 2024 16:25Updated: NOVEMBER 26, 2024 17:31
A ceasefire in Lebanon will be announced at 10 p.m. by the United States and France, according to Lebanese channel Al Jadeed.
Presidents Biden and Macron will announce the deal during the night, with the alleged agreement set to take effect at 10 a.m. tomorrow.
This comes after several days of strained last-minute negotiation, in which Israel pushed for the removal of France as guarantor of the security situation in Lebanon, citing current diplomatic tensions between France and Israel.
The deal must still pass through the war cabinet, which is expected to meet at 6 p.m. to approve the agreement in Lebanon. Netanyahu is also expected to run the ceasefire passed by the heads of the local authorities in the North.
If the cabinet approves the ceasefire agreement, it will go into effect regardless of the announcement.
Members of the Foreign Affairs and Defense Committee demanded Defense Minister Israel Katz present the ceasefire agreement to them before final approval.
What’s on the table?
An Israeli official told Maariv that the ceasefire was not the end of the war and that Israel maintained its right to respond to any threat.
The source also said that the severing of the connection between the Gazan and Lebanese fronts would leave Hamas isolated.
Sources told Saudi channel Al Hadath that there would be no buffer zone in South Lebanon according to the agreement.
Hassan Fadlallah, a Hezbollah MP, told Reuters in response to the announcement that Hezbollah would remain active, including in providing social services to displaced Lebanese civilians.
Fadlallah called the final hours before the ceasefire “dangerous, sensitive hours,” given that the IDF launched a large-scale attack on Beirut earlier on Tuesday.
MK Zvi Sukkot, Otzmah Yehudit, said he would support a ceasefire as the IDF had managed to remove 80% of the leading figures in Hezbollah, reversing his previous opposition.
Several other right-wing figures have come out either conditionally approving or rejecting the ceasefire, including Finance Minister Bezalel Smotrich and Naftali Bennett.
END
Israeli Cabinet Has Approved A Ceasefire In Lebanon
Tuesday, Nov 26, 2024 – 01:15 PM
Update(1315ET): After months of heavy fighting which has included airstrikes and an IDF ground invasion of Lebanon, it finally looks official. Israel’s Channel 12 and others are reporting Tuesday evening (local time) that the Israeli cabinet has approved a ceasefire in Lebanon.
In announcing the ceasefire, Netanyahu called out both Iran and Syria’s Assad. He stressed that Israel is “Determined to prevent Iran from having nuclear arms” and that Assad is “playing with fire” in his coordination with the Islamic Republic and Hezbollah. The prime minister also stressed that Hezbollah will be attacked if its fighters break the deal. Netanyahu added that the ceasefire deal means Israel will now focus on the Iranian threat. He pledged that all Israeli citizens in the north will be able to return to their homes.
“We were able to achieve many of our goals during this war,” he said. The ceasefire is expected to take effect Wednesday. Jerusalem Post writes, “Presidents Biden and Macron will announce the deal during the night, with the alleged agreement set to take effect at 10 a.m. tomorrow.”
Some Lebanese continue to have doubts that it will actually take effect or hold…
* * *
ISRAEL/JORDAN/IRAN
Israel’s defense minister gets approval to build a Jordanian fence to block Iranian smuggling of arms
(JerusalemPost)
Katz gets approval to build Jordan fence to block Iranian plots
Smotrich approves tens of millions of shekels for fence he had prevented under Gallant
By YONAH JEREMY BOBNOVEMBER 26, 2024 10:26Updated: NOVEMBER 26, 2024 10:37
Defense Minister Israel Katz announced on Tuesday that he has won a years-long battle to get authority to build a new hi-tech border fence with Jordan to block smuggling, especially from Iran.
An announcement said that the fence, which will include a variety of cutting-edge sensors and cost tens of millions of shekels, would be constructed in “a number of months” but did not set a formal end date.
It was unclear at press time how Katz had overcome the opposition of Finance Minister Betzalel Smotrich, who has prevented the idea from going forward in recent years.
Former IDF central commander Maj. Gen. (ret.) Yehuda Fuchs had pushed for the fence for a long time, even sending a formal letter of warning to IDF Chief of Staff Lt.-Gen. Herzi Halevi about the dangers of failing to build a fence, before retiring.
However, simply the fact that Katz has entered into office and Prime Minister Benjamin Netanyahu may have wanted him to get a quick win to move the narrative on from Katz’s recently fired and highly-respected predecessor, Yoav Gallant, could have been a factor.
Gallant had publicly pushed for the fence multiple times and had cited that years before the government had already approved such a fence, only to be ignored by Smotrich, even after the Israeli public became much more sensitive about border security after Hamas’s 2023 invasion.
In addition, whereas Gallant had significant political pull with security-minded Israelis, he had little to hold over Smotrich politically, and Katz, who is more of a long-time political maneuverer, may have had more to negotiate with regarding Smotrich.
Smotrich also was one of the few officials who publicly praised Katz on Friday when the defense minister rescinded any new administrative detention orders against violent Jewish activists, though this move was mostly criticized by current and former security chiefs as potentially empowering such extremists regarding their attacks on Palestinians.
Katz may also give Smotrich a freer hand regarding building new outposts in the West Bank despite opposition within the IDF and from Israeli allies in the EU and US.
It was also unclear what changes would be made to the budget to account for the new spending of tens of millions of shekels.
“We see a relentless and institutionalized Iranian effort to establish an eastern front against the State of Israel,” said Katz on Monday night.
“I have decided to intensively promote the construction of the fence on the eastern border between Israel and Jordan,” he added, “We are going to do it very quickly.”
“We cannot lose in this campaign against the establishment of the eastern front, and we will have to do root cause treatment in some places to prevent Judea and Samaria and the refugee camps from becoming a model for Gaza.”
The Defense Ministry said that it was starting to work on producing the new barrier material as well as the intelligence collection and communication sensors and network that would be integrated into the new fence, as well as mapping out the actual topography.
Defense Ministry Director-General Eyal Zamir said he had directed Brig. Gen. Eran Ofir and the engineering and building department of the ministry to coordinate the project.
It was unclear if the IDF would also increase its border troop presence with Jordan or would rely more on technology as it did with Gaza leading up to the 2023 Hamas invasion.
Iran outplaying the Jordanians
Jordan has been traditionally viewed as a quiet and safe border since a peace deal between the countries in 1995 and the nations even share high level intelligence to fight terror.
But Israel believes that Iran is outplaying the Jordanians and sometimes succeeding at smuggling high level weapons into the West Bank for terror purposes, a phenomenon that even started earlier in 2023 and has only gotten worse.
END
ISRAEL// HEZBOLLAH/HAMAS/UN
Maybe the ICC court should look after Nderitu’s paper. She however was fired for her continual
refusal to classify Israeli conduct in Gaza as “genocide”
(JerusalemPost)
UN firing Nderitu over refusal to classify Israeli conduct in Gaza as ‘genocide,’ WSJ argues
Nderitu’s opposition to term Israel’s actions in Gaza during the Israel-Hamas War a genocide, resulted in the UN refusing to renew her contract, the WSJ argued.
By JERUSALEM POST STAFFNOVEMBER 26, 2024 08:56Updated: NOVEMBER 26, 2024 08:58
“Can anyone with integrity survive at the UN?” The Wall Street Journal‘s editorial asked on Tuesday, arguing that the UN was refusing to renew the contract of Special Advisor on the Prevention of Genocide Alice Wairimu Nderitu due to her determination that Israel’s actions in Gaza could not be defined as “genocide.”
The publication cited her 2022 paper on “when to refer to a situation as ‘genocide,’” which affirms the importance that “United Nations officials adhere to the correct usage of the term.”
Her paper stated this was necessary due to the term’s “frequent misuse in referring to large scale, grave crimes committed against particular populations; the emotive nature of the term and political sensitivity surrounding its use; and the potential legal implications associated with a determination of genocide.”
According to Nderitu, the term “genocide” encapsulates the Holocaust, the genocide perpetrated by the Hutus on the Tutsis in Rwanda, the Serbian attacks on Bosnian Muslims, and the killings being carried out in Sudan.
With regard to Israel, the WSJ editorial noted, “As a legal matter, establishing a pattern of violence as a genocide requires demonstrating intent. Israel’s campaign of self-defense doesn’t qualify.”
The publication added that the UN’s November 14 report published by the UN Special Committee to Investigate Israeli Practices claimed the contrary – that there was “the possibility of genocide in Gaza and an apartheid system in the West Bank.”
‘A political choice’
According to the WSJ article, the committee was strongly influenced by the UN High Commissioner for Human Rights, Volker Türk, who the publication stated “has spent the past year assailing Israel.”
While the UN has said that Nderitu’s contract is set to expire, the WSJ noted that the organization often chooses to renew such contracts.
As such, the WSJ added, “Ms. Nderitu’s removal is a political choice,” with both Turk and groups hostile to Israel at the UN wishing to see her removed from her role.
“Beyond Ms. Nderitu’s fate, the damage here includes defining genocide down. The word has become a weapon of political propaganda that will erode its moral authority when it’s needed to describe genuine horrors,” the publication stated.
end
ISRAEL/HEZBOLLAH/
Israel-Hezbollah ceasefire may lead to hostage negotiations breakthrough, sources say
Israel estimates that around half of the hostages remaining in Gaza are still alive.
By SAM HALPERNNOVEMBER 26, 2024 07:45Updated: NOVEMBER 26, 2024 08:29
Sources in the security establishment have not ruled out the possibility that a ceasefire agreement in Lebanon between Israel and Hezbollah, in a manner that binds the Lebanese terror organization, could lead to a breakthrough in negotiations with Hamas for the release of hostages, Walla reported on Tuesday.
Such a deal could reportedly include maintaining Israeli control over the Philadelphi Corridor
Additionally, a senior security official on Sunday told Walla that the military pressure placed on Hamas and its allies has brought the possibility of achieving a deal to return the hostages closer than ever before.
The Israeli outlet reported that security officials believe Hamas’s ability to coordinate its activities with Hezbollah has been severed, placing the terror organization under immense pressure.
Around half of the hostages remaining in Gaza are estimated to be still alive
Early this month, Israel Hayom reported that Israeli officials believe 51 of the 101 hostages remaining in Gaza are still alive.
Walla later reported that President Isaac Herzog, in a meeting with President-elect Donald Trump, confirmed that around 50 remained alive.
Last week, Hamas claimed that a female Israeli hostage had been killed in an area of northern Gaza that the IDF had struck.
END
ISRAEL//UAE
(JerusalemPost)
Killing of Israeli rabbi in UAE may strengthen ties between Israel and Arab neighbors, experts say
As authorities investigate who is responsible for Kogan’s death, political circles in Washington, D.C., Israel, and the Gulf are asking a related question: What will this do to UAE-Israel ties?
By RON KAMPEAS/JTANOVEMBER 26, 2024 01:38
(JTA) — WASHINGTON — The killing of an Israeli Chabad rabbi in the United Arab Emirates shocked many and illustrated the dangers Jews face around the world.
But if the aim of the attack was to to undermine the Abraham Accords between Israel, the UAE and other Arab nations, Middle East analysts say it could well have the opposite effect: making those ties even stronger.
“If anything, given the Emirati response, and given that I have not seen any Israeli indication that somehow the UAE didn’t take this seriously enough, it seems to be the opposite, that Israel deeply appreciated the UAE response,” said Michael Koplow, the chief policy officer at the Israel Policy Forum, referring to a UAE statement calling the killing of Rabbi Zvi Kogan an “attack on our values.”
“In many ways, it’s only going to lead to a stronger diplomatic relationship,” he said.
Israel and the UAE are both still coping with the fallout from the killing of Kogan, 28, a Moldovan-Israeli emissary of the Chabad Hasidic movement who moved with his wife to Abu Dhabi in 2022 and whose body was discovered on Saturday. Authorities in the UAE on Monday arrested three Uzbek nationals suspected of involvement in his murder, which Israel has called an act of terror.
As authorities investigate who is responsible for Kogan’s death, political circles in Washington, D.C., Israel, and the Gulf are asking a related question: What will this do to ties between Israel and the UAE?
Strengthens ties amid ongoing Abraham Accords expansion
The stakes of that question have become especially high in recent weeks. The two countries normalized relations in 2020, in what is known as the Abraham Accords, and their ties have proven resilient even as Israel fights a brutal multi-front war against terror groups in Gaza and Lebanon. Now, President-elect Donald Trump, whose first administration brokered the accords, has vowed to expand them in his coming term beyond the four Arab states that have already signed on, including drawing in Saudi Arabia.
His former aides say that that ambition has not been hindered — and could even be accelerated — as a result of the weekend’s tragedy.
Jason Greenblatt, the former Trump administration envoy to the Middle East, said he was in the UAE when the murder was reported, and he encountered nothing but outrage — a sign, he said, that warm feelings are persisting between the countries even as Israel faces protest and opposition across the Middle East and beyond due to the war in Gaza.
“Everyone I met, Emiratis and other nationalities, including other Arab nationalities, were angry about what happened,” Greenblatt, who travels frequently to the region, said in a text to the Jewish Telegraphic Agency.
He added that the Abraham Accords were secure and that the attack reflected the ability of the perpetrators “to penetrate even extremely secure cities” such as Dubai, where Kogan was last seen.
“To those tying the tragic, cold-blooded murder of Rabbi Kogan to the Abraham Accords and suggesting that the Abraham Accords will now weaken or fail, I strongly disagree,” he said. “The Emiratis abhor this kind of behavior. Of course, it’s true that, at this moment, it may be uncomfortable to be openly Jewish or Israeli. That’s natural, given what happened. But not because of Emiratis or the countless other nationalities that live in and thrive in the UAE.”
The UAE is an authoritarian state with strict limits on press freedom and protest, and the message the Emirati government has projected since the discovery of Kogan’s body has been anger and indignation at his killers.
“Zvi Kogan’s murder was more than a crime in the UAE — it was a crime against the UAE. It was an attack on our homeland, on our values, and on our vision,” wrote Yousef Al Oitaba, the UAE ambassador to the United States, in a series of tweets on Sunday. “In the UAE, we welcome everyone. We embrace peaceful coexistence. We reject extremism and fanaticism of every kind. We honor Zvi Kogan’s memory by recommitting ourselves to these values.”
Motti Seligson, the director of media for Chabad, told JTA that Chabad, too, was determined to emerge stronger in the UAE following the killing.
Kogan was one of seven emissaries in the country, and Seligson said Chabad would build a center in the UAE in Kogan’s memory. Donations have already begun to come in: Jared Kushner, Trump’s son-in-law who led the Abraham Accords negotiations, pledged $1 million to Chabad in UAE, and soon his brother Josh followed up with a pledge for a matching amount. A fund for Kogan’s widow has so far raised nearly $700,000.
“When we’re faced with adversity, we strengthen; when we’re faced with darkness, it just means there’s more light to bear,” Seligson said in an interview.
The Biden administration said it was already working closely with the Israeli and UAE authorities to bring those responsible for Kogan’s death to justice. It reinforced the message that the attack was uncharacteristic of the welcome the Emirates had extended to Israelis, who began traveling to the country in large numbers following the Abraham Accords.
“This was a horrific crime against all those who stand for peace, tolerance, and coexistence. It was an assault as well on UAE and its rejection of violent extremism across the board,” said a statement from Sean Savett, a spokesman for the National Security Council.
Israeli Prime Minister Benjamin Netanyahu, in his opening remarks Sunday at the weekly cabinet meeting, also sounded determined to nurture and strengthen the relationship with the UAE.
“I greatly appreciate the cooperation of the UAE in investigating the murder,” he said. “We will strengthen the ties between us in the face of attempts by the axis of evil to harm the relationship of peace between us. We will strengthen them, and we will work to expand regional stability.”
Authorities have not yet determined whether an organization or country is behind the attack. Rich Goldberg, a National Security Council Middle East staffer during Trump’s first term, said the killing had the hallmarks of those seeking to undermine the normalization deal, which also encompasses Bahrain, Morocco, and Sudan.
He said the perpetrators may have also hoped “to scare the Emirates and the Saudis that there is some sort of penetration of Islamic terrorism that can somehow blowback on their regimes.”
Matthew Levitt, a counterterrorism expert at the Washington Institute for Near East Policy, said the attack, whoever was behind it, was a sign of weakness — an indication that the perpetrators could not reach Israeli officials or hard targets.
“If this is the most they can do, it’s the softest possible target there is, a civilian who really stands out,” he said, referring to how Chabad officials wear visibly Jewish garb in public. “It’s not a government official, and it’s not a ballistic missile barrage.”
Goldberg said if anything, the murder should spur the expansion of the Abraham Accords as a sign that attacks like these are ineffectual.
“This is a moment where if you don’t respond in that way if you pull back from normalization if you say that Islamic terrorism to sabotage normalization will succeed, then you will see more terrorism,” Goldberg said.
The IPF’s Koplow said one immediate effect could be the diminishment of travel between Israel and the UAE. Currently, there are six or seven flights between the countries a day, a notable exception to other airlines that have stopped flying to Israel while it wages war on multiple fronts against enemies who fire barrages of missiles.
“If you have fewer Israelis going to the UAE because of security concerns, and that’s obviously an aspect of the relationship that is an important one, that’s going to suffer,” said Koplow.
END
ISRAEL/HEZBOLLAH/OPINION
Will Hezbollah honor a ceasefire? – analysis
As Israel and Hezbollah near ceasefire, experts warn the deal’s effectiveness depends on Hezbollah’s unofficial status and question if it will prevent future escalation without formal commitments.
By SETH J. FRANTZMANNOVEMBER 25, 2024 20:38Updated: NOVEMBER 25, 2024 22:10
Before celebrating the emerging Israel-Lebanon ceasefire deal, approval is necessary first; nothing happens without that. If Israel approves the deal, it will then be up to Hezbollah to do the same. However, in Lebanon, it’s not Hezbollah that will officially approve the agreement. Instead, it will be approved by the State of Lebanon, meaning that Hezbollah may not even be mentioned or be a signatory to the deal. This will essentially leave open the claim that Hezbollah doesn’t have to abide by the agreement since it’s not at the table.
This is the usual bait and switch that goes back decades. What’s at stake here?
First of all, Israel will want to show that it met its objectives in Lebanon. In September, Israel added an objective to the Israel-Hamas War: returning the 60,000 evacuees who have been evacuated since last October back to their homes in the North. By October 2024, Hezbollah threats along the border harmed communities, killed soldiers and civilians, and damaged around 1,000 homes. Then-defense minister Yoav Gallant wanted to strike Hezbollah hard since October 2023, but he was held back. Then, in mid-September, the government moved forward and added securing the North as a war goal.
What’s at stake in the deal?
The question is, has the North been made more secure? Hezbollah continues to launch rockets at northern and central Israel, killing and wounding civilians nearly daily.
Hezbollah has lost its terror infrastructure along the line of villages closest to Israel, which likely means it can’t fire anti-tank missiles at homes on the border. Its heavy Burkan and other rockets may be affected, but its arsenal of 107mm and other rockets likely still pose a threat from firing positions as close as six miles from the border.
It took Israel two months to defeat Hezbollah near the border, an area Israel conquered in around one day of fighting in 1982 during the First Lebanon War.
On the one hand, the sizable task of defeating Hezbollah on the border was because Hezbollah had grown more powerful. However, it is also a window into the IDF’s tactics.
The IDF prefers long, slow wars today, where it loses fewer soldiers per month than in the past, but where the overall achievement is never clear, and neither is the strategy. In Lebanon, it is possible Israel eliminated around 2,500 Hezbollah operatives, along with its chain of command and leadership. Yet, the group does not show signs of being completely defeated.
If the deal indeed advances, many questions still remain: Will Hezbollah return to the border? Will Israel’s residents return? Will the rocket fire stop?There will supposedly be mechanisms in place to enable Israel to continue to act against Hezbollah. One report even compared this to the “war between the wars” in Syria, where Israel often carries out strikes on Iranian smuggling of weapons.
Will airstrikes in Lebanon become the norm then? If yes, won’t Hezbollah act to enforce its “equation” of always responding to these strikes? Doesn’t that keep us in the same place? Has Israel dictated terms to Hezbollah?It appears more likely that it is Israel who is under pressure.
Nevertheless, the deal will be spun on both sides as a great victory. Hezbollah will claim that it won merely by existing after the war, while Israel will claim it has set back Hezbollah’s capabilities for many years.
Setting back capabilities
However, we have heard this before. In May 2021, the IDF also claimed to have set back Hamas capabilities many years with ten days of bombing. In retrospect, very little was achieved because precision airstrikes don’t win wars, and they are not a magic wand.
In this respect, Israel suffers from some of the challenges the US faced in Vietnam. It is easy to count the number of things that were struck, the way the US counted “bodies” of enemies eliminated, but this doesn’t always lead to winning the war; you can win every tactical battle and still lose.After the Second Lebanon War, Israel also felt it had not won. In retrospect, though, that war brought many years of peace. Hezbollah grew exponentially more powerful, UNIFIL failed, and the Lebanese army failed to secure peace, but there was relative peace for many years.
Israel may be able to say it achieved a decade, or at least several years, of peace and count this as an achievement. In fact, just taking the pressure off Israel’s other fronts could be an achievement, especially since Israel hasn’t achieved its war aims in Gaza and 101 hostages are still held there.One goal of the ceasefire is to disentangle Hezbollah from the Gaza war. Hezbollah began its attacks on October 8, 2023, to back Hamas and launch a multi-front war, along with the Houthis and Iraqi militias, all prodded by Iran, which sought to surround Israel with proxies and pawns.
By removing Hezbollah from the chessboard, it is possible that the board of the multi-front war will change. The great concern is whether Hezbollah ties itself to Gaza in the future and feels it can attack Israel again when it wants.
One thing to note from past ceasefires is that once Israel withdraws troops from Lebanon, there will be inertia against going back in; this is how UNIFIL was allowed to fail last time. Will Israel be willing to step back up to the plate when Hezbollah flags appear in villages on the border and northern residents demand action?
Another concern is Hezbollah’s arsenal. How fast can they replenish it? Even if it lost 3,000 fighters and 80% of its rockets, is this something that can be rebuilt in a year or two? Hezbollah may not be a party to the agreement, allowing it to do as it pleases.
Will the “mechanism” that enables Israel to complain about Hezbollah’s activities really create a system that allows Israel to respond? What will France’s role be? Will Lebanon’s army ever appear along the border, and will UNIFIL ever fulfill its mandate?
The US pressured Israel into a maritime deal in 2022 that emboldened Hezbollah. If Israel is pressured into this ceasefire and Hezbollah feels emboldened again, won’t it be only a matter of time until war returns? Will Hezbollah shift its threat to the Golan, claiming that sector is not included in the agreement?
Many questions surround the prospect of a ceasefire deal. If Iran feels it was defeated in Lebanon, that may lead to other deals and ceasefires. However, if Iran feels that it preserved most of Hezbollah and thus won in Lebanon, then the other fronts, such as Iraq, Syria, Yemen, the West Bank, and Gaza, may be emboldened. How Israel plays this will be key.
END
ISRAEL///HEZBOLLAH/
Ceasefire with Hezbollah: What Israel’s 60-day pause entails – explainer
The ceasefire with Lebanon impacts the war against Hezbollah and will be evaluated based on ground reports.
By ELIAV BREUERNOVEMBER 25, 2024 22:41Updated: NOVEMBER 25, 2024 22:45
The impending ceasefire deal between Israel and Lebanon is not the “end of the war,” and it will be evaluated based on the reality on the ground, a diplomatic official said on Monday evening.
The deal’s timing was due to a number of factors, the official said. The first was concern over a unilateral decision in the United Nations Security Council that would force Israel to cease its actions in southern Lebanon.
The second was that it enabled Israel to reevaluate the situation in two months, right after the new administration takes over in the US. The third is that the deal may apply pressure on Hamas, as it left Hamas alone in its conflict with Israel. This could lead to a breakthrough in negotiations over a deal to bring back Israeli hostages being held by Hamas in Gaza, the official said.
Regroup if needed
Another factor is that the 60-day truce will enable the IDF to regroup and prepare itself for further fighting if necessary, the official said.
The truce includes a “side document” that enables Israel to attack any Hezbollah operatives who venture south of the Litani River, as well as attack any attempts by Hezbollah to rearm itself, the official said.
Israel would not immediately call on residents of the North to return to their homes, and will continue paying stipends to those who are evacuated. A decision to call on residents to return to their homes will be made based on the reality on the ground at a later stage, the official added.
END
ISRAEL /HEZBOLLAH
IDF says 20 Hezbollah targets struck in Beirut within 2-minute span
By Emanuel Fabian FollowToday, 4:03 pm
Smoke billows above Beirut’s southern suburbs following Israeli airstrikes on November 26, 2024. (Fadel Itani/AFP)
The IDF says it struck 20 Hezbollah sites within two minutes in Beirut’s southern suburbs a short while ago.
The fast and extensive wave of airstrikes was carried out by eight fighter jets, according to the military.
Seven buildings targeted in the strikes were used by Hezbollah for the management and storage of funds, the IDF says, including headquarters, vaults and branches of the Al-Qard al-Hasan association, known to be used by Hezbollah as a quasi-bank.
The other 13 sites included a Hezbollah aerial forces center, an intelligence division command room, weapon depots, and other military infrastructure, the IDF adds.
Before the strikes were carried out, the IDF issued evacuation warnings to civilians in the vicinity.
The military releases footage showing the strikes.
An extensive wave of Israeli airstrikes in Beirut’s southern suburbs, in a video released by the IDF on November 26, 2024. (Israel Defense Forces)
END
Netanyahu To Soon Announce Hezbollah Truce As Israel Hits 20 Sites In Beirut Within 2 Minutes
Tuesday, Nov 26, 2024 – 12:00 PM
Israel on Tuesday unleashed what eyewitnesses say marked the biggest airstrikes on Beirut yet, hitting 20 sites across the city’s southern suburbs within two minutes.
The Israeli military (IDF) said the air force conducted “a widespread attack” on Hezbollah targets there. “After issuing an unusually broad evacuation warning for 20 buildings in the southern suburbs of the Lebanese capital, a Hezbollah stronghold, the IDF said that within two minutes, it had struck all 20 sites,” Times of Israel writes. “The fast and extensive wave of airstrikes was carried out by eight fighter jets, according to the military.”
The targets were in the areas of Al-Hadath, Haret Hreik and Burj Al-Barajneh – which are known Hezbollah strongholds. Residents were reportedly urged to evacuate. It’s being described the highest number of buildings issued evacuation warnings by the IDF in a single day.
Dahiyeh, which has been a frequent target for strikes since the bombing raids began, saw huge plumes of smoke hovering above buildings in the aftermath. The area is home to some one million people. Also on Tuesday the IDF has begun publishing evacuation orders for central Beirut, significantly outside any area considered a Hezbollah stronghold.
As for the ongoing ground offensive in southern Lebanon, IDF troops have as of Tuesday pushed the furthest north since the incursion began:
Israeli soldiers reached the Litani river in southern Lebanon on Tuesday for the first time since they began ground operations in the country in mid-September, marking a symbolic milestone in their campaign.
In recent days, social media video and Lebanese media reports have shown Israeli troops around the river near the town of Khiam, south of the river, where Hezbollah also says its fighters have engaged in heavy fighting with Israeli forces.
This ramp-up in attacks has come hours ahead of an expected major announcement that Israel has agreed to a ceasefire in Lebanon, with Times of Israel confirming in the afternoon (local time)–
“Prime Minister Benjamin Netanyahu is meeting with his security cabinet now” as his ministers are “expected to approve a ceasefire in the fight against Hezbollah in Lebanon.”
An official statement from Netanyahu’s office is expected by 2pm eastern (per some local reporting). Not everyone is happy with it.
Former prime minister Naftali Bennett represents the anger of many. He pointed out in a fresh statement “Hezbollah still has its stockpile of tens of thousands of rockets.” He said this means “it can continue producing [weapons] and rearming.”
More huge strikes on the Bekaa Valley on Tuesday:
“An impressive military achievement by IDF soldiers and commanders is being translated into a total security-diplomatic failure,” Bennett stressed. Some Israeli officials are concerned that the truce arrangement does nothing to effectively alleviate the problems of northern Israel, which has seen some 80,000 residents indefinitely evacuated from their homes for more than a year. As for the current ceasefire deal on the table… will it actually hold?
ISRAEL./HEZBOLLAH/
IDF troops reach Litani River in Lebanon for first time in over two decades
Following intelligence information, troops carried out raids on numerous terror infrastructures that had been stowed in the area.
By JERUSALEM POST STAFFNOVEMBER 26, 2024 13:15Updated: NOVEMBER 26, 2024 13:38
https://player.jpost.com/public/player.html?player=jpost&media=3804903&url=https://www.jpost.com/breaking-news/article-830815IDF troops operate in southern Lebanon. November 26, 2024. (Credit: IDF Spokesperson’s Unit).
IDF troops carried out operations in the area of the Litani River in Lebanon, the military said on Tuesday, marking the first time in over two decades that IDF soldiers have reached the area.
Following intelligence information, troops carried out raids on numerous terror infrastructures that had been stowed in the area.
Soldiers also reportedly carried out close-quarters combat and demolished dozens of launchers and thousands of rockets and missiles.
The military added that troops destroyed weapons storage facilities hidden within the mountainside.
Operating in the Saluki area
Troops also carried out operations in the Saluki area of southern Lebanon, finding and confiscating weapons along with dozens of rocket launchers that had been ready for use, the IDF reported.
END
ISRAEL/SAUDI ARABIA
Pragmatism and Principle: The future of Saudi-Israeli relations – analysis
As the Middle East region transforms, so too does the calculus guiding the interactions between Israel and Saudi Arabia.
By ALEX WINSTONNOVEMBER 26, 2024 13:05
The relationship between the Kingdom of Saudi Arabia and the State of Israel has long been shaped by a delicate interplay of ideology, geopolitics, and pragmatism. While the two nations have never engaged in direct conflict (around 1,000 Saudis fought in the 1948 War of Independence under Egyptian command), their historical relationship has been marked by mutual distrust, stemming from Saudi Arabia’s leadership role in the Arab world’s opposition to Israel and the enduring Palestinian question.
Yet, as the region transforms, so too does the calculus guiding their interaction, raising the prospect of an unprecedented normalization that could reshape the Middle East.
For decades, Saudi Arabia championed the Arab League’s rejectionist stance toward Israel, aligning with the broader sentiment of Arab unity against Zionism. This culminated in initiatives like the 2002 Arab Peace Initiative, which Saudi Arabia authored, proposing normalization with Israel contingent on the establishment of a Palestinian state along 1967 borders.
Despite this official posture, quiet cooperation between Saudi Arabia and Israel has existed for years, particularly as both nations share a common adversary in Iran. Intelligence-sharing and tacit coordination have grown, primarily driven by shared concerns over Tehran’s regional ambitions and its nuclear program. These covert ties have laid the groundwork for what might become a broader relationship. During April’s missile bombardment of Israel, Saudi Arabia provided the US and Israel with necessary intelligence, and Saudi sources claim that the Kingdom intercepted “any suspicious entity” violating its airspace.
The 2020 Abraham Accords, brokered by the United States, saw Israel normalize relations with the UAE, Bahrain, Morocco, and Sudan. Saudi Arabia, however, refrained from joining, reflecting its unique position as a guardian of Islam’s two holiest sites and a nation sensitive to public opinion and the Palestinian issue. While Riyadh allowed overflights of Israeli aircraft and engaged in backchannel discussions, it stopped short of formal recognition.
MBS, whose meteoric rise to power in the past decade shocked Saudi watchers, has signaled openness to normalization but faces significant constraints. Domestically, the Saudi populace has been conditioned by decades of anti-Israel rhetoric, and the unresolved Palestinian issue remains a touchstone for many Saudis and Muslims worldwide. Regionally, Riyadh must balance the potential backlash from allies who remain opposed to Israel while managing its rivalry with Iran.
What could change?
Three factors may catalyze a thaw in Saudi-Israeli relations:
The Iranian Threat: Both nations view Iran as an existential threat. Israel is at the forefront of opposing Tehran’s nuclear ambitions, while Saudi Arabia remains locked in a cold war with Iran, marked by proxy conflicts in Yemen, Syria, and Lebanon. A formal partnership with Israel could enhance Saudi Arabia’s security and deter Iranian aggression.
However, a recent thaw in aggression between the Shia Iran and Sunni-dominated Saudi Arabia has seen meetings between top-level diplomats and Saudi Arabia’s crown prince condemned what he called the “genocide” committed by Israel against Palestinians when he spoke at a summit of Muslim and Arab leaders earlier this month.
“The Kingdom renews its condemnation and categorical rejection of the genocide committed by Israel against the brotherly Palestinian people,” Crown Prince Mohammed bin Salman (MBS) said at an Arab Islamic summit, echoing comments by Saudi Foreign Minister Faisal bin Farhan Al Saud late last month.
He also urged the international community to stop Israel from attacking Iran and to respect Iran’s sovereignty.
Economic Modernization: MBS’s Vision 2030 aims to diversify Saudi Arabia’s economy away from oil dependency, focusing on technology, tourism, and innovation. Israel’s tech sector, one of the most advanced globally, could provide expertise and investment opportunities that align with Saudi Arabia’s aspirations.
US Mediation: Washington remains a crucial actor in bridging the Saudi-Israeli divide. The Biden administration has expressed interest in brokering a normalization deal, leveraging US security guarantees, arms sales, and economic incentives to win Saudi support. With president-elect Donald Trump coming in for a second term in January, many in Israel will be hoping he can use the successes of the Abraham Accords to encourage a similar deal between Saudi Arabia and Israel.
While the potential benefits are significant, obstacles remain. Chief among them is the Palestinian issue. Saudi Arabia has repeatedly stated that normalization is contingent on progress toward a two-state solution. Without a resolution, formal ties could risk alienating segments of the Muslim world and tarnish Saudi Arabia’s reputation as a leader of the Islamic world.
Additionally, domestic opposition within Saudi Arabia could complicate MBS’s ambitions. Although he has consolidated power, forcing normalization without broader public support could sow internal dissent, particularly among conservative factions.
The trajectory of Saudi-Israeli relations is likely to hinge on pragmatic considerations. While immediate normalization may not be forthcoming, incremental steps—such as expanded economic cooperation, cultural exchanges, and joint security initiatives—could lay the foundation for a future agreement. Both nations have demonstrated a capacity to prioritize shared interests over entrenched ideological divides.
Should normalization occur, the implications would be profound. It could further isolate Iran, bolster US influence in the region, and accelerate economic modernization in Saudi Arabia. However, it would also require delicate management of the Palestinian issue and the broader Arab world’s reaction.
Saudi-Israeli relations stand at a crossroads, where pragmatism and principle are on a collision course. As geopolitical realities evolve, the two nations have more to gain from cooperation than hostility. The path to normalization, however, will require not only bold leadership but also a nuanced approach that balances national interests with regional sensitivities, particularly on the Saudi side. The coming years could witness a historic détente, one that redefines alliances and power dynamics in the Middle East.
RUSSIA/UKRAINE
Russia May Deploy New Missile Units In Asia If US Missiles Appear There
Monday, Nov 25, 2024 – 08:30 PM
The Pentagon has been engaged in recent discussions involving the potential for deploying missile units to southeast Asia, and specifically Japan, as a contingency in the scenario that China moves militarily against Taiwan. Japan’s Kyodo News reported Sunday that this would involve the US Marine Corps’ multiple-launch High Mobility Artillery Rocket System.
Russian Deputy Foreign Minister Sergei Ryabkov has responded to these reports, outlining Monday that Moscow has not ruled out sending medium- and shorter-range missiles in the Asia-Pacific region in order to mirror the United States.
It’s also the case that earlier this year Washington deployed a new intermediate-range land-based missile system to the Philippines. The system, called Typhon, is able to fire nuclear-capable Tomahawk missiles – and has gotten both Russia’s and China’s attention.
Such a Russian deployment would be in retaliation, and would likely have the blessing of Beijing in such an escalation scenario. “Of course, this is one of the options that has also been repeatedly mentioned,” Ryabkov explained.
“The appearance of such US systems in any region of the world will determine our next steps, including in the field of organizing a military and military-technical response.”
Ryabkov then stressed in the remarks to reporters that all of this depends entirely on the US policy. He urged against the expansion of missile systems to the Pacific region.
“[Russian] President [Vladimir Putin] said what he said. The issue of placement is exhaustively reflected in his statement,” he said.
“As before, what is happening depends entirely on the choice that our opponents will make at this extremely alarming, very dangerous moment, and on the line that they will pursue,” the deputy foreign minister added.
Ryabkov further noted that at the moment there are no restrictions on the deployment of Russia’s new Oreshnik medium-range ballistic missile, which have been touted as hypersonic and capable of reaching over Mach 10, under existing international obligations.
Moscow has also long warned that the US pullout of the Intermediate-Range Nuclear Forces Treaty (INF Treaty) was a major mistake, and will lead to bigger proliferation of dangerous and provocative missile systems globally among nuclear-armed powers.
end
Robert H
very important read…..
A wider conflict looms
Ukrainians want to end this conflict whether they are civilians or combat troops. It is only NATO and Neocons that prevent this. The West has a direct hand in what is occurring and what will occur tomorrow. Because we are headed to a higher level of conflict than we have seen. No one wants to listen to realities. Therefore, the lessons of history must be taught in a way the student listens. And this sadly means a higher level of destruction must be brought forth to see and learn.
Russia has long had PROOF it was the West that overthrew Yanukovych in their bid to get Ukraine into NATO. And who can forget Victoria Nuland’s infamous remark “ Fuck the EU”? Does this not tell us what Neocons really think?
They wanted Ukraine in NATO to place American missiles on Ukraine soil with a 5 minute flight time to Moscow. Russia said “no.” NATO moved ahead nevertheless. Nothing has changed in this intention.
By September, 2014, Ukraine’s new “puppet” government, led by Zelensky, blessed by the West, had been firing artillery and mortars into Luhansk and Donetsk to ethnically-cleanse the Russian-speaking populations there.
A major Diplomatic initiative was undertaken via meetings in nearby Minsk, Belarus, which ended with the MINSK Agreement. This initiative was nothing more than a bid to buy time to arm Ukraine. This has admitted to publicly by Merkel and Macron.
The fighting didn’t stop. Ukraine did not honor even ONE point of the Minsk Agreement.
Fast forward to December, 2021. Russia sent a Treaty Proposal to NATO, seeking security guarantees to protect Russia from continued NATO expansion. NATO refused.
In January 2022, Russia again sent that Treaty to the White House in the USA, to #10 Downing Street in the UK, and to each and every capital of every NATO Country. Only this time, the proposal made clear: “If Russia cannot obtain iron-clad, legally enforceable security guarantees via Diplomatic means, it will obtain them through military or military technical means.”
They warned us they would go to war. The WEST laughed and rejected negotiations.
So, on February 20, 2024 Russia went to war. Exactly as they said they would do.
The West was shocked and started lying about unprovoked Russian Aggression. The lie continues to this day by governments and media. And the reality of money laundering in Ukraine continues and needs to be covered up. And so does the research of BIO-LABS.
After seeing western Politicians on TV, the Russians began to realize that the people in NATO not only broke their word about NATO “not moving one inch east” they deliberately deceived Russia by attending the Minsk Peace Conference with the INTENTION to deceive. Russian leadership now realized NATO are psychopaths with a singular purpose, the breakup of Russia.
Fast forward again to this month. Ukraine used American ATACMS to attack Kursk, Russia. Russia responded by escalating and used a new Intermediate Continental Ballistic missile on Ukraine last Thursday.
And now, NATO is talking about providing intermediate range missiles to Ukraine, to bomb Russia, range 1000-1500 miles. And moving elite troops of the Ukrainian army to places like Poland for future use.
Russia has made clear that western-supplied missiles need WESTERN satellites to guide them to target, and that Ukraine does not have any satellites. So those weapons must be guided to target by the US, the EU, and NATO Satellites.
THAT guidance-to-target makes the US, the EU and NATO “Parties to the conflict” for which Russia can STRIKE our countries. This is the change in recent Russian doctrine that allows this.
The West continues to ignore the reality that Russia can – and very likely WILL — commence such strikes. This will be in Europe and in America. And you wonder why Capital Controls will come?
When Russia says they’re going to do something, they do it.
They told us they would use military against Ukraine, and they did it.
They have repeatedly told us they would use nukes to preserve their country. Only a fool would think they won’t do that. They have everything to lose by not doing this.
They told us they would hit us if our missiles were fired by Ukraine, and guided by US/EU/NATO satellites. US-supplied ATACMS, UK Storm Shadows and French Scalp missiles are now being used by Ukraine to strike deep into Russia. Each strike is to poke to provoke a response. The response came last week with a new missile strike on Dnipro, Ukraine which is a new deadly strike weapon to what the West has zero defense. The target which was 1 mile square was completely destroyed and turned to dust. The non nuclear missile is as deadly as a nuclear weapon and very precise. Russia has already said they will escalate if needed. And contrary to what is being said at least 50 such missiles exist and it has been in serial production since last summer.
Russia is producing in THREE MONTHS, what the ENTIRE EU and America produces in one year. The EU and the USA simply cannot keep up. This the reality and not a fiction. And it would not be surprising that medium range technology transfers have taken place with China, North Korea who have turned on serial production. Why? Because this missile “ hazelnut” is a game changer in that it is deadly as a nuclear missile but without the fallout or wider destruction of civilians. It is why Russia has publicly stated they will give 30 minutes of warning so civilians can gain safety as it is military targets that will be destroyed for all to see.
Within weeks, without much fanfare this conflict is likely escalate into World War III. This may not stay conventional; it may go nuclear. It is likely that last Thursday’s missile strike will be repeated and some party will call or action a nuclear launch towards Russia and a response will be returned.
We are not leaving the Russians a choice. The fact is Ukraine is losing and losing badly and is in retreat. As this happens NATO has a lot to answer for and we already know TRUMP wants this conflict OFF the table and fast. Informal discussions with the incoming administration clearly suggest an ending of this conflict. Without America, Europe and NATO have ZERO chance of winning. This makes the next few weeks very dangerous as realities will be exposed and why the prodding of Russia continues unabated.
The only question is whether we are ready for what comes.
end
6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUE
New FOIA Emails: NIH Silenced Own Expert On COVID Origins
Monday, Nov 25, 2024 – 05:40 PM
Authored by Jeff Carlson & Hans Mahncke via Truth Over News,
The National Institutes of Health (NIH) is hiring a new chief for their virology section. That the federal government should not be hiring anyone, especially not senior staff, during the lame-duck period is self-evident. But what is in many ways even more notable about this appointment is that it reveals that the NIH has a virology section. One certainly could not have guessed this based on the people trotted out by Anthony Fauci during the pandemic, all of whom were from outside the NIH. Curiously, there has been no interest whatsoever from the media as to why that might be, especially since, as we can now all see, the NIH has its own virology branch.
This latest revelation aligns perfectly with newly released emails from January 2021, which gives us an insight into how NIH leadership was not only censoring critical voices in academia, such as that of Jay Bhattacharya, President-elect Trump’s likely pick as new NIH head, but also actively censoring its own experts. In one email, obtained last week by Jimmy Tobias after a years-long Freedom of Information Act battle, Carrie Wolinetz, the senior advisor to the director of the NIH, demanded outright censorship of an in-house NIH expert.
The expert, David Resnick, who works in the NIH’s bioethics section, co-authored a paper discussing the merits (or lack thereof) of gain-of-function experiments. This worried Wolinetz because it might have prompted questions about the origin of Covid and the potential role the NIH may have played in the virus’s creation:
“I have some global concerns with the notion that an NIH employee would be providing what amount to critiques of HHS policy that is implemented by NIH, or suggestions that contradict messaging by NIH leadership.”
The “HHS policy” which Wolinetz felt compelled to protect from any criticism, according to her own email, was based on a blog post by her superior, the then head of the NIH, Francis Collins. In his blog post, dated March 26, 2020, Collins expressed his strong opposition to the lab leak theory, which he called “outrageous.” The sole basis for Collins’ post was the fraudulent Proximal Origin paper, published just a few days earlier. Collins failed to acknowledge that he, along with Fauci, played a significant role in orchestrating the publication of this fraudulent paper, which explicitly aimed to promote the natural origin theory while discrediting the lab leak theory. Wolinetz’s justification for silencing a prominent colleague was so flimsy that the only reasonable conclusion one can draw from her actions is that she was helping Collins and Fauci to cover up their involvement in seeding the pandemic, which included outsourcing gain-of-function experiments on coronaviruses to the Wuhan Institute of Virology.
Notably, Wolinetz’s email had only one recipient: Lawrence Tabak, the then principal deputy director of the NIH, who would soon become the acting director, a position he held until 2023. In his reply, Tabak agreed to meet Wolinetz to talk about silencing Resnik.
Even more notably, it took another three and a half years years for Resnik to finally publish his article in July 2024, by which time the NIH’s deceitful natural origin narrative had largely collapsed. In the published article Resnik stated:
“the idea that a biosafety lapse at the WIV—or some other laboratory for that matter—could have caused the COVID-19 pandemic is a very real possibility that has significant bioethical and public policy implications.”
It is no wonder that NIH leadership was so eager to silence him.
The implications of Wolinetz’s actions are significant. She pervasively infringed upon academic freedom, as well as on Resnik’s First Amendment rights. Typically, the media experiences a total meltdown when there is even just a suggestion that a government scientist has been silenced; in this instance, we have airtight evidence that this actually occurred. However, since the scientist in question may have made remarks that could be interpreted as mildly critical of Collins and Fauci, the media has completely overlooked the story.
There are additional implications to consider, and this brings us back to the NIH’s recruitment of a new chief virologist. The broader issue, which goes directly to the heart of the Covid origin cover-up, is that despite receiving in excess $60 billion annually from taxpayers and employing over 20,000 staff—many of whom are highly compensated scientists—Collins and Fauci completely disregarded their in-house experts regarding the origins of Covid. Instead, they brought in several conflicted scientists whose careers were entirely dependent on funding from Fauci.
The scientists were subsequently tasked with writing the fraudulent Proximal Origin paper, along with other actions to further the cover-up, such as promoting the false natural origin narrative in the media. Not coincidentally, two of the scientists brought in by Fauci and Collins, Kristian Andersen and Robert Garry, had previously worked in a lab in Kenema, Sierra Leone, which is suspected to be the origin of the Ebola outbreak in 2014. Their expertise in covering up suspected lab leaks may explain why they were chosen. Notably, Andersen had no prior experience with coronaviruses.
These external scientists, employed by Fauci to obscure the true origin of Covid, later collectively received over $50 million in grant allocations from Fauci. Andersen, the lead author of the fraudulent Proximal Origin paper, had an $8.9 million grant awaiting approval on Fauci’s desk as he was tasked with leading the cover-up.
As a general proposition, we were already aware that NIH’s own scientists had been excluded from the Covid origin issue. This was evident because the only names that consistently appeared in connection with Fauci and Covid’s origin were those of his hand-picked group of conflicted scientists, who relied on his financial support. However, the full extent of this exclusion was not revealed until the latest batch of emails was obtained. As is often the case in matters of government corruption, particularly regarding the cover-up of Covid’s origins, the truth is even worse than we initially believed. Rather than merely ignoring or neglecting internal scientists, they were actively silenced by the director’s office.
It cannot be overstated that, although the silencing of Resnik is a serious issue, it is likely just one of many such cases—for which we happen to have obtained incriminating emails. Who else has been silenced? How toxic must the work culture at the NIH be if no one, including Resnik himself, has spoken up?
This entire episode further underscores the urgent need for a total overhaul of the NIH, or perhaps even its complete dissolution. Instead of being dedicated to scientific advancement, the $60 billion organization has become a hub of politics, cover-ups, and corruption. The new Trump administration cannot arrive soon enough.
GLOBAL ISSUES
MARK CRISPIN MILLER
DR PAUL ALEXANDER
Is the Deep State moving to start WW III in order to stop Trump from being sworn in on January 20th 2025? Will keep trying to shoot him but seeks now a kinetic HOT NUCLEAR war with Russia? Is Russia
aware of this sinister move by Biden et al. deepstate to hold onto power? Can this be a reality? Can we be plunged to WW III nuclear hot war? Yes, Lavrov warns! I say YES! Clandestine says YES!
| Dr. Paul AlexanderNov 26 |
Read clandestine’s superb stack and support this writer’s scholarship…
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Would Biden et al. do this to enrich and stay in power? To risk nuclear war and kill Americans? Is the US really fighting Russia using Ukraine as a proxy? What should Putin do? He already flexed with his ICBM hypersonic missile.
Russia Know the Deep State Game Plan
‘Lavrov, the Russian Minister of Foreign Affairs, says that the Biden regime are provoking Russia with missile strikes via Ukraine as proxy, in an attempt to “leave as bad a legacy as possible” to the incoming Trump administration.
Russia know what’s going on.
They know the Deep State are trying to create a broader conflict, in an attempt to sabotage Trump’s upcoming presidency. The Biden regime are trying to bait Putin into a significant response, in order to justify full-scale kinetic war with Russia, before Trump assumes office and prevents it from happening.
It’s reassuring to know Putin and his government are aware of the situation, but terrifying that the Biden regime are trying to instigate nuclear war for political gain.
This is just the next extension of the Trump witch hunt. The Deep State are willing to start WW3 to stop Trump.’
___
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
Enter the Wellness Company as a solution and a willing participant in the health care conversation. From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.
END
SLAY NEWS
| 98%-Vaxxed County Battling Heart Attack Death CrisisA major county in Washington state is battling a crisis of surging heart attack deaths among the almost universally Covid-vaccinated population.READ MORECanadian Mom Sounds Alarm as Government Tries to Vaccinate Son Against Her WishesA Canadian mom has sounded the alarm in a warning to parents after government health officials tried to forcibly vaccinate her son, against her wishes.READ MOREService Members Are Re-Enlisting After Trump Nominated Pete Hegseth as Pentagon ChiefAmerican service members are reportedly re-enlisting in the military because of who President Donald Trump nominated to lead the U.S. Department of Defense.READ MOREBishop TD Jakes Suffers Sudden ‘Health Incident’ in Middle of ‘Powerful’ SermonFamous Texas pastor Bishop T.D. Jakes suffered a sudden “health incident” in the middle of his Sunday sermon.READ MORESupreme Court Green Lights Multi-Billion-Dollar Lawsuit Against Mark Zuckerberg’s MetaThe Supreme Court has given the green light for a multi-billion-dollar lawsuit to proceed against Mark Zuckerberg’s Meta.READ MOREPhilippines VP Threatens to Assassinate President and Other Top Officials If She’s KilledPhilippines Vice President Sara Duterte has issued a chilling warning to her opponents over concerns that she may be assassinated by her political rivals.READ MOREDEA Banned from Conducting Certain Airport Passenger Searches After Bombshell DOJ IG ReportThe U.S. Department of Justice (DOJ) has ordered the Drug Enforcement Agency (DEA) to stop conducting certain kinds of searches of airport passengers.READ MOREFather of Missing Hannah Kobayashi Found Dead After Flying to LA to Help Find HerThe 58-year-old father of missing photographer Hannah Kobayashi has tragically died suddenly after he flew to Los Angeles to help find his daughter.READ MOREIconic Game Show Host Chuck Woolery Dead at 83The entertainment industry is in mourning losing a television game show legend over the weekend.READ MORE |
EVOL NEWS
| LATEST NEWS: |
| LATEST NEWS: |
NEWS ADDICTS
| White House Reveals Whether Biden Will Attend Trump InaugurationThe White House confirmed that President Joe Biden and first lady Jill Biden will attend President-elect Donald Trump’s inauguration on Jan. 20. “The president promised that he would attend the inauguration of whomever won the election,” Andrew Bates, senior deputy press secretary at the White House, said in a statement, obtained by Reuters. “He and the first lady are going …READ THE FULL REPORT |
| Trump Announces 3 Key Appointments to White House OfficesPresident-elect Trump announced three key appointments to White House offices on Monday, including two who served during his first term. The announcement included the appointment of James Braid, who will return to the White House as the deputy assistant to the president and director of the Office of Legislative Affairs. Braid worked in legislative affairs at the Office of Management …READ THE FULL REPORT |
| WATCH: Marine exposes how FEMA is blocking small trailers from being used in Western NC while people FREEZEIt’s about to get very cold in the mountains of western North Carolina – well below freezing – and people who have lost everything are still living in tents because FEMA won’t let all of these trailers be used because of floodplain rules. Former Marine Matt McSwain, who has been flying supplies via helicopter into Asheville and other locations, explains …READ THE FULL REPORT |
| Chicago Dem Official Busted After Crashing Into Car While Driving DrunkA Chicago-area Democrat politician showed her true colors after whipping out her Democrat privilege and insulting a police officer over the size of his anatomy after being busted for drunk driving earlier this month. The Chicago Sun-Times reported that Cook County Board of Review Commissioner Samantha Steele was arrested by police officers after crashing into a vehicle while intoxicated. Police …READ THE FULL REPORT |
| X Objects to Bankruptcy Sale of Alex Jones, Infowars AssetsElon Musk’s X Corp. has formally objected to selling or transferring any X accounts maintained by Alex Jones or Infowars at auction. The Onion claims to have purchased Infowars in a bankruptcy auction earlier this month with plans to turn it into a satire website — but the judge overseeing the case has ordered a hearing into how the satire …READ THE FULL REPORT |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
END
7.OIL AND NATURAL GAS ISSUES/GLOBAL
end
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA/ MONTREAL QUEBEC
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: 1.0538 UP 94 BASIS PTS
USA/ YEN 153.15 DOWN 1.246 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 1.2607 UP .0075
USA/CAN DOLLAR: 1.4085 UP 0.0078 (CDN DOLLAR UP 78 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 4.00 PTS OR 0.12%
Hang Seng CLOSED UP 8.21 OR 0.04%
AUSTRALIA CLOSED DOWN .56%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 8.21 PTS OR 0.04%
/SHANGHAI CLOSED DOWN 4.00 PTS OR 0.12%
AUSTRALIA BOURSE CLOSED DOWN .56%
(Nikkei (Japan) CLOSED DOWN 338.14 PTS OR 0.84%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2632.25
silver:$30.55
USA dollar index early TUESDAY morning: 106.47 DOWN 30 BASIS POINTS FROM MONDAY’s CLOSE.
TUESDAY MORNING NUMBERS ENDS
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now your closing TUESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.677% DOWN 7 in basis point(s) yield
JAPANESE BOND YIELD: +1.060% DOWN 0 AND 6/ 10 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 2.926 DOWN 6 in basis points yield
ITALIAN 10 YR BOND YIELD 3.456 DOWN 6 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.2045 DOWN 6 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 1.0499 UP .0056 OR 56 basis points
USA/Japan: 153.59 DOWN 0.786 OR YEN IS UP 79 BASIS PTS//
Great Britain 10 YR RATE 4.4130 UP 4 BASIS POINTS //
Canadian dollar DOWN .0095 OR 95 BASIS pts to 1.4088
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan, CNY ON SHORE CLOSED DOWN 7.2505(ON SHORE)
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2600)
TURKISH LIRA: 34.65 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.058
Your closing 10 yr US bond yield UP 5 in basis points from MONDAY at 4.310% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.486 UP 4 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.277 UP 2 BASIS PTS.
GOLD AT 11;00 AM 2622.90
SILVER AT 11;00: 30.31
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 33.07 PTS OR 0.40%
German Dax : CLOSED DOWN 109.27 OR 0.56%
Paris CAC CLOSED DOWN 62.96 PTS OR 0.87%
Spain IBEX CLOSED DOWN 93.90 OR 0.80%
Italian MIB: CLOSED DOWN 260.08 OR 0.78%
WTI Oil price 69.55 12 EST/
Brent Oil: 73.61 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 106.82 ROUBLE DOWN 2 AND 25/100
GERMAN 10 YR BOND YIELD; +2.2120 UP 1 BASIS PTS.
UK 10 YR YIELD: 4.4130 UP 4 BASIS POINTS
CDN 10 YEAR RATE: 3.305 DOWN 5 BASIS PTS.
CDN 5 YEAR RATE: 3.157 DOWN 7
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0502 UP 0.0098 OR 98 BASIS POINTS
British Pound: 1.2575 UP 0.0050 OR 50 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.340 DOWN 5 BASIS PTS//
JAPAN 10 YR YIELD: 1.059
USA dollar vs Japanese Yen: 154.09 DOWN .573 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.3977 UP 0.0013 CDN dollar DOWN 13 BASIS PTS
West Texas intermediate oil: 69.09
Brent OIL: 73.14
USA 10 yr bond yield DOWN 15 BASIS pts to 4.269
USA 30 yr bond yield DOWN 14 BASIS PTS to 4.454%
USA 2 YR BOND: DOWN 10 PTS AT 4.271
CDN 10 YR RATE 3.344 DOWN 12 BASIS PTS
CDN 5 YEAR RATE: 3.210 DOWN 9 BASIS PTS
USA dollar index: 106.81 DOWN 70 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 34.57 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 104.00 UP 0 AND 31/100 roubles
GOLD 2,627.30 3:30 PM
SILVER: 30.34 3:30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 123.74 PTS OR 0.28%
NASDAQ UP 118.01 PTS OR 0.57%
VOLATILITY INDEX: 14.11 DOWN 0.49 PTS OR 3.36%
GLD: $242.95 UP 0.47 OR 0.19%
SLV/ $27,80 UP 0.17 OR .62%
TORONTO STOCK INDEX// TSX INDEX:DOWN 2.06 PTS OR 0.008%
end
USA AFFAIRS
USA TRADING TODAY IN GRAPH FORM
Tariff Drama, Terrible Data, & Tehran Doubts Drive Tuesday Market Dynamics
MORNING TRADING
II USA DATA
US Home Prices Rose At Slowest Pace In A Year In September
Tuesday, Nov 26, 2024 – 09:11 AM
Home prices in America’s 20 largest cities rose (again) in September (the latest data from S&P CoreLogic’s Case Shiller index) but at a slower pace than expected (+0.18% MoM vs +0.3% exp vs +0.33% prior)…
Source: Bloomberg
That left home prices up 4.57% YoY (below the 4.7% expected and the slowest annual pace since Sept 2023.
“Home price growth stalled in the third quarter, after a steady start to 2024,” says Brian D. Luke, CFA, Head of Commodities, Real & Digital Assets.
“The slight downtick could be attributed to technical factors as the seasonally adjusted figures boasted a 16th consecutive all-time high.”
West Coast cities are seeing home price growth slowing fast with Seattle, San Diego, LA, San Francisco, and Portland all seeing home price declines on a MoM basis…
Arguably, (lagged) mortgage rates increased during that period, and dipped since (positive short-term for the highly smoothed and lagged Case Shiller series), but as is clear, things do not end well…
Source: Bloomberg
However, home price appreciation does seem to track very closely with bank reserves at The Fed (6mo lag)…
Source: Bloomberg
Which suggests the pace of home price appreciation is set to slow further from here…
END
III USA ECONOMIC NEWS
what a waste
(zerohedge)
Utah Culls More Than 100,000 Turkeys After Detecting Bird Flu
Monday, Nov 25, 2024 – 10:35 PM
Authored by Naveen Athrappully via The Epoch Times,
Utah culled a large number of turkeys recently after confirming the presence of the highly pathogenic avian influenza (HPAI) and is taking action to prevent the infection from spreading, according to the state’s Department of Agriculture and Food.
“Between November 10 to 19, 2024, three turkey farms in Piute County totaling 107,800 turkeys and one backyard flock of 253 birds in Salt Lake County were confirmed positive for HPAI,” a Nov. 22 update from the agency stated.
Officials are currently conducting genetic sequencing of the strains involved in these outbreaks, it said.
“Though the overall risk to public health remains low, HPAI is a serious disease, requiring rapid response, including depopulation of affected flocks as it is highly contagious and fatal to poultry,” the agency said.
“Affected birds were depopulated within 24 hours of diagnosis at each site to limit further disease spread. Overall impacts to the food supply are anticipated to be limited at this time.”
Authorities have decided on an on-site burial for disposing of the culled poultry at Piute County.
All personnel attending the site are required to wear personal protective equipment and all equipment is disinfected to contain the virus within the site.
“Poultry owners should practice strong biosecurity and monitor flocks for signs of illness and report any sick birds immediately to the State Veterinarian’s Office,” the agency said.
“Individuals who work in close contact with infected animals may be at higher risk for contracting HPAI/H5N1 and should take precautions including using recommended personal protective equipment.”
The state saw another outbreak last month in which more than 1.85 million birds in Cache County were affected. At present, five poultry farms operating in Utah are in quarantine, the department said.
The current HPAI outbreak in the United States began in February 2022. Over the past 30 days, infections have been confirmed in 47 flocks nationwide that together account for 6.05 million birds, according to data from the Animal and Plant Health Inspection Service.
Many of the cases are in California, which alone accounted for 25 flocks totaling more than 5.21 million birds. Infections among flocks have been reported in other states including Arizona, Minnesota, Washington, Oregon, South Dakota, and Illinois.
Avian Flu in Humans
There have been 55 confirmed avian flu cases among U.S. citizens, according to the latest data from the U.S. Centers for Disease Control and Prevention.
Again, California accounted for most of the infections, with 29 cases, followed by Washington with 11 and 10 in Colorado. Michigan reported two incidents, while Missouri, Oregon, and Texas registered one case each.
The largest source of exposure of these infections was cattle, accounting for 32 cases. Poultry was responsible for 21 incidents.
The agency said in a Nov. 18 update that the immediate risk posed by avian flu to the general public is low. However, “people with exposure to infected animals are at higher risk of infection,” it said.
“All recent cases have occurred in workers on affected farms. All available data so far suggest sporadic instances of animal-to-human spread. These farm workers all described mild symptoms, many with eye redness or discharge (conjunctivitis),” it said.
The CDC also recently confirmed a case of bird flu infection in a child, the first incident in a minor. The child, from California, exhibited mild symptoms and was in recovery, according to a Nov. 22 update from the agency. None of the family members tested positive for the virus.
“To date, there has been no person-to-person spread identified associated with any of the H5N1 bird flu cases reported in the United States,” the CDC noted.
Meanwhile, the first case of avian flu in a pig was confirmed recently by the U.S. Department of Agriculture. The pig, from Oregon, had previously shared space with infected poultry. Officials euthanized five pigs on the property and put the place under quarantine.
end
BBC
the announcement of Trump whereby he will initiate 25% tariffs on all goods entering the USA from Canada and Mexico. Only one percent of migrants comes from Canada.
(BBC)
Trump vows day-one tariffs on Mexico, Canada and China
Peter Hoskins
Business reporter
Donald Trump says he will hit China, Mexico and Canada with new tariffs on day one of his presidency, in an effort to force them to crack down on illegal immigration and drug smuggling into the US.
The president-elect said that immediately after his inauguration on 20 January he will sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada.
He also said an additional 10% tariff will be levied on China until the government there blocks smuggling of the synthetic opioid fentanyl from the country.
If Trump follows through with the threats it will mark a major escalation in tensions with America’s three biggest trading partners.
Would Donald Trump’s tariffs hurt US consumers?
The tariffs on Mexico and Canada will remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants illegally crossing the border, Trump said in a post on his Truth Social platform.
“Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem,” he said.
“It is time for them to pay a very big price!”
In a separate post, Trump attacked Beijing for failing to follow through on promises he said Chinese officials made to carry out the death penalty for people caught dealing fentanyl.
A spokesperson for the Chinese embassy in Washington told the BBC “the idea of China knowingly allowing fentanyl precursors to flow into the United States runs completely counter to facts and reality”.
“China believes that China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or a tariff war,” he added.
The Biden administration has been calling on Beijing to do more to stop the production of ingredients used in fentanyl, which Washington estimates killed almost 75,000 Americans last year.
During his election campaign, Trump threatened Mexico and China with tariffs of up to 100%, if he deemed them necessary, much higher than those he put in place during his first term in office.
Trump has also said he will end China’s most-favoured-nation trading status with the US – the most advantageous terms Washington offers on tariffs and other restrictions.
Tariffs are a central part of Trump’s economic vision – he sees them as a way of growing the US economy, protecting jobs and raising tax revenue.
He has previously claimed that these taxes are “not going to be a cost to you, it’s a cost to another country”.
This is almost universally regarded by economists as misleading.
“It’s clearly consistent with his promise that he made during the campaign to utilise tariffs as a weapon to accomplish many of his policy initiatives,” Stephen Roach, Senior Fellow at the Paul Tsai China Center of Yale Law School told the BBC’s Business Today programme.
Trump’s pick for Treasury Secretary, Scott Bessent, has previously suggested that the president-elect’s threats to impose major tariff hikes were part of his negotiating strategy.
“My general view is that at the end of the day, he’s a free trader,” Bessent said of Trump in an interview with the Financial Times before he was nominated for the role.
“It’s escalate to de-escalate.”
It comes as the Chinese economy is in a significantly more vulnerable position than it was during the previous Trump presidency.
The country has been struggling with a number of serious issues, including an ongoing property market crisis, weak domestic demand and growing local government debt.
The new tariffs appear to break the terms of the US-Mexico-Canada Agreement (USMCA) on trade.
The deal, which Trump signed into law, took effect in 2020. It continued a largely duty-free trading relationship between the three neighbouring countries.
After Trump made his tariff threat, he discussed trade and border security with Canada’s Prime Minister Justin Trudeau, according to the Reuters news agency.
Mexico’s finance ministry said: “Mexico is the United States’ top trade partner, and the USMCA provides a framework of certainty for national and international investors.”
END
Canada’s reaction!
Donald Trump threatens 25% tariff on products from Canada, Mexico
Damaging fee would drive up costs for exporters
Alexander Panetta · CBC News · Posted: Nov 25, 2024 7:04 PM EST | Last Updated: 14 minutes ago
Trump promises a 25% tariff on products from Mexico, Canada | Power & Politics
4 hours ago
U.S. president-elect Donald Trump said on Monday he would sign an executive order imposing a 25 per cent tariff on all products coming into the United States from Mexico and Canada.
Donald Trump has levelled his most severe threat against Canada in years, warning that on his first day in office he might impose punishing economic sanctions across North America.
The U.S. president-elect threatened Monday evening to slap a 25 per cent tariff on all products entering the country from Canada and Mexico on Jan. 20, 2025, his inauguration day, unless those countries curb the flow of drugs and migrants across their borders.
“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump wrote on his social media platform Truth Social.
“Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem. We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”
The warning sent the Canadian dollar diving nearly a cent at one point, before it recovered somewhat.
Such an import fee would incur untold economic damage, driving up costs for Canadian and Mexican goods in their most critical market.
WATCH | Canada must address border issues, says former minister:
Canada’s ‘charm offensive’ won’t appease Trump tariffs: former minister | Canada Tonight
Former president and CEO of the Canadian Chamber of Commerce Perrin Beatty says Canada needs to address underlying concerns of the incoming Trump administration, such as security at the border, as the ‘charm offensive’ will not be effective.
This all unfolded, coincidentally, as Canadian cabinet ministers were meeting to discuss U.S. relations, said a federal source.
The news also prompted a flurry of late-evening phone calls: between Prime Minister Justin Trudeau and Trump, and between Trudeau and several provincial premiers, in an effort to defuse the danger to Canada’s economy.
“It was a good discussion and they will stay in touch,” a Canadian official said of the Trudeau-Trump call. The prime minister also spoke with the premiers of Ontario and Quebec.
Trump’s complaint about the Canadian border didn’t come out of nowhere. Irregular migration through Canada into the U.S. has multiplied in recent years. Trump’s incoming border czar Tom Homan has repeatedly referred to the northern border as a national-security threat; an easy access point for terrorists.
Yet in terms of overall numbers there’s no comparing the northern and southern borders. Among all the people stopped by U.S. Border Patrol trying to enter the U.S. in-between checkpoints last year, cases on the Canadian side amounted to barely one per cent of the total.
Trudeau pointed that out to Trump during their call, the federal source said. Canada has also taken steps in recent months to address U.S. concerns, re-imposing visa requirements on travellers from Mexico, and announcing different cutbacks in immigration.
Negotiation ploy or actual plan?
It’s unclear whether Trump actually intends to proceed with the idea as described. One feature of his first term was occasionally issuing trade threats as part of a negotiation.
Early in his presidency, Trump was on the verge of declaring his intention to cancel the North American Free Trade Agreement, just before negotiations began on the updated deal.
As those talks hit snags the following year, in 2018, he threatened to impose punishing tariffs on Canadian automobile exports, then lifted that threat a few days later, when Canada and the U.S. agreed to an updated trade pact.
But Trump sometimes follows through on these threats. He did impose tariffs on Canada in his first term, on steel and aluminum, before the countries could negotiate an exemption.
What’s unclear is how this tariff talk squares with one of Trump’s major campaign promises: to lower the cost of living in general for Americans, and the cost of gas in particular.
Canada’s No. 1 export to the United States is oil. A 25 per cent levy on oil would present a challenge to that seminal election promise.
WATCH | What the tariffs could mean for Canada:
What Trump’s 25% tariff could mean for Canada’s economy, currency | Canada Tonight
Ian Lee, associate professor at the Sprott School of Business at Carleton University, says Donald Trump’s proposed U.S. tariffs on Canadian products would be ‘catastrophic’ for the country’s economy and currency, causing ‘incalculable’ damage.
One former Canadian cabinet minister reacted to the news by recalling what it was like dealing with Trump in his first term.
“And so it starts,” Catherine McKenna, the former environment minister, posted on the BlueSky social media site, lamenting that Ottawa already spent a “bonkers” amount of time and energy dealing with the first Trump administration.
Trump’s social-media post unnerved Canada’s premiers. Ontario Premier Doug Ford said on X that a 25 per cent tariff would be “devastating to workers and jobs” in both Canada and the U.S.
Ottawa must “take the situation at our border seriously,” he said, calling for a “Team Canada” approach, involving the premiers. Ford has been asking Trudeau to meet with the premiers, saying in a letter that he and his fellow premiers want to discuss how Ottawa plans to approach its relationship with Washington.
Predicting the economic fallout
But Flavio Volpe, president of the Automotive Parts Manufacturing Association, urged patience, saying the auto industry’s interests in Canada overlap with U.S. interests.
“We’ve gamed out the possibilities that he lumps Canada and Mexico issues together, we’ve been there before,” Volpe said. “We are prepared and connected.”
- Republican senator says he thinks North American trade pact will protect Canada from Trump’s tariffs
- AnalysisTrump names his tariff man. Here’s what he’s said and what it means for Canada
- Why politicians and industry groups are calling Mexico a ‘back door’ for Chinese EV automakers
Economic forecasters have been struggling for months to assess the potential impact of Trump’s tariffs on Canada.
Various projections have pegged the potential damage to Canada at anywhere from less than a half-point of GDP to a devastating five per cent.
That’s because the specifics of his plan have been unclear: he’s talked about a 10 per cent global tariff, but has sometimes changed the numbers around. It’s also unclear whether he might exempt certain products, like oil.
But this is the first time in years he’s threatened Canada, specifically, and certainly the first time he’s threatened a tariff this large on every product.
end
Walmart Nukes DEI As Anti-Woke Crusader Robby Starbuck Sends “Shockwaves Across Corporate America”
Monday, Nov 25, 2024 – 07:17 PM
Anti-woke crusader Robby Starbuck has been on a mission to shift the corporate landscape in America from insanity and rainbows to what he considers “sanity and neutrality.” He has successfully pressured companies such as Tractor Supply, John Deere, Harley-Davidson, Polaris, Indian Motorcycle, Lowe’s, Ford, Coors, Stanley Black & Decker, Jack Daniel’s, DeWalt Tools, Craftsman, Caterpillar, Boeing, and Toyota to move away from toxic Diversity, Equity, and Inclusion (DEI) practices.
Now, Starbuck is at it again. He wrote on X that America’s largest employer, Walmart, has decided to end its woke policies after he “had productive conversations to find solutions” with management.
He stated that the changes Walmart committed to “will send shockwaves throughout corporate America,” adding that their executives deserve “major credit” for wanting to end corporate wokeness.
“This is the biggest win yet for our movement to end wokeness in corporate America,” Starbuck said.
Here are the changes Walmart committed to:
- Surveys: Walmart will no longer participate in the HRC’s woke Corporate Equality Index.
- Products: Monitor the Walmart marketplace to identify and remove inappropriate sexual and / or transgender products marketed to children.
- Funding of Grants: Review all funding of Pride, and other events, to avoid funding inappropriate sexualized content targeting kids.
- Equity: We will not extend the Racial Equity Center which was established in 2020 as a special five-year initiative.
- Supplier Diversity: We will evaluate supplier diversity programs and ensure they do not provide preferential treatment and benefits to suppliers based on diversity. We don’t have quotas and won’t going forward. Financing eligibility will no longer be predicated on providing certain demographic data.
- LatinX: Walmart will no longer use the term in official communications.
- Trainings: Walmart will discontinue racial equity training through the Racial Equity Institute.
- DEI: Walmart will discontinue the use of DEI as a term while ensuring a respectful and supportive environment. Our focus is on Belonging for ALL associates and customers.
Starbuck continued:
Remember, Walmart is the #1 employer in America with over 1.6 Million Employees and they have a market cap of nearly $800B. This won’t just have a massive effect for their employees who will have a neutral workplace without feeling that divisive issues are being injected but it will also extend to their many suppliers.
We’ve now changed policy at companies worth over $2 Trillion dollars, with many millions of employees who have better workplace environments as a result. I’m happy to have secured these changes before Christmas when shoppers have very few large retail brands they can spend money with who aren’t pushing woke policies. Companies like Amazon and Target should be very nervous that their top competitor dropped woke policies first. I think Target specifically will suffer serious sales problems as a result and Walmart will benefit.
Our campaigns are now so effective that we’re getting the biggest companies on earth to change their policies without me even posting a story outlining their woke policies. Companies can clearly see that America wants normalcy back. The era of wokeness is dying right in front of our eyes. The landscape of corporate America is quickly shifting to sanity and neutrality. We are now the trend, not the anomaly.
We are winning and one by one we WILL bring sanity back to corporate America.
As DEI initiatives are being eliminated across corporate America, just wait until Trump steps into the White House in mid-January. A massive overhaul is expected to strip toxic woke policies from all facets of government — including the military.
Swapping out DEI for “MEI”: Merit, Excellence, and Intelligence … will move America forward.
end
what a waste of money!
(zerohedge)
Biden Throws Struggling Rivian $6 Billion Lifeline For EV Factory
by Tyler Durden
Tuesday, Nov 26, 2024 – 01:45 PM
The Biden-Harris administration is rushing to spend taxpayer funds before President-elect Trump takes office. To start the week, the administration directed nearly $8 billion to Intel and now billions more to save struggling electric vehicle manufacturer Rivian Automotive.
On Tuesday, the US Department of Energy announced it would offer a direct loan of up to $6.57 billion (including $5.975 billion of principal and $592 million of capitalized interest) to finance Rivian’s EV factory in Stanton Springs North, near the City of Social Circle, Georgia. The project was shelved in early March over the urgent need to reduce costs.
“Today’s announcement reinforces the Biden-Harris Administration’s commitment to strengthen the nation’s manufacturing competitiveness, helping ensure American businesses remain global leaders in the rapidly expanding EV industry,” the DoE wrote in a statement.
Democrats in the White House are spending taxpayer funds like a drunken sailor ahead of Trump entering the White House in less than two months. The Trump administration may claw back the money the Biden team is dishing out as lifelines to struggling companies.
We view the DoE loan as a lifeline for Rivian, considering it has been unable to meet production and sales targets and has burned through $19 billion since going public in 2021. The cash crunch forced the startup to pause construction of the Georgia plant in March.
The new Georgia plant could help Rivian boost the production capacity of more affordable models. The R1 vehicle costs $70,000 or more, which is unaffordable for the typical consumer because of high interest rates and elevated inflation.
“This loan would enable Rivian to more aggressively scale our US manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability. A robust ecosystem of US companies developing and manufacturing EVs is critical for the US to maintain its long-term leadership in transportation,” Rivian CEO RJ Scaringe wrote in a statement.
Rivian noted:
Rivian intends to build the facility in two phases, each resulting in 200,000 units of annual production capacity, for a total of 400,000 units of annual capacity–supporting the sale of American EVs in international markets. Phase 1 of the project is expected to start production in 2028. Rivian is expected to create approximately 7,500 operations jobs through 2030 at the company’s future manufacturing facility in Georgia. This is in addition to 2,000 expected full-time construction jobs that will utilize the region’s significant talent and workforce to further strengthen the domestic EV ecosystem. These jobs complement the thousands Rivian has already created and plans to maintain at its current plant in Normal, Illinois, which have bolstered the local and regional economy.
In June, German automaker Volkswagen provided Rivian with a $5 billion investment lifeline in the form of a joint venture, which helped to stem its cash hemorrhaging.
Multiple lifelines have been thrown at Rivian ahead of Trump’s expected elimination of the EV tax credit, worth up to $7,500 for new EVs and $4,000 for used ones. Tesla CEO Elon Musk has applauded Trump’s move to roll back EV tax credits because it will bankrupt his competitors.
In markets, Rivian shares are up 8% in premarket trading at around $12.56. As of Monday’s close, shares were down 50% year-to-date, with about 18% of the float short, equal to about 135 million shares.
The Biden-Harris team continues to spend taxpayer funds like drunken sailors. This creates terrible optics, as voters have made it very clear that the era of reckless spending should be over.
HUMOUR
Blinken Comes Under Fire Over State Department ‘Therapy Sessions’ After Trump Win
Monday, Nov 25, 2024 – 04:40 PM
Secretary of State Antony Blinken has come under fire after the Washington Free Beacon reported earlier this month that the State Department held therapy sessions for employees who couldn’t handle President-elect Trump’s election win.
“I am concerned that the Department is catering to federal employees who are personally devastated by the normal functioning of American democracy through the provision of government-funded mental health counseling because Kamala Harris was not elected President of the United States,” said Rep. Darrell Issa (R-CA) in a letter to Blinken last week.
According to the Free Beacon, two alleged therapy sessions were held after Trump’s victory, with sources telling the outlet that one session amounted to an information “cry session,” Fox News reports.
Meanwhile, a State Department email sent to agency employees touted an “insightful webinar where we delve into effective stress management techniques to help you navigate these challenging times.”
“Change is a constant in our lives, but it can often bring about stress and uncertainty,” reads the email. “Join us for an insightful webinar where we delve into effective stress management techniques to help you navigate these challenging times. This session will provide tips and practical strategies for managing stress and maintaining your well being.”
Issa slammed the reported sessions as “disturbing,” adding that “nonpartisan government officials” should not be having a “personal meltdown over the result of a free and fair election.”
While the Republican lawmaker acknowledged that the mental health of the agency’s employees was important, he questioned the use of taxpayer dollars to counsel those upset about the election, demanding answers on how many sessions have been conducted, how many more are planned, and how much the sessions are costing the department.
Issa also raised fears that the sessions could also call into question the willingness of some of the State Department’s employees to carry out Trump’s new vision for the agency. -Fox News
“The mere fact that the Department is hosting these sessions raises significant questions about the willingness of its personnel to implement the lawful policy priorities that the American people elected President Trump to pursue and implement,” Issa said. “The Trump Administration has a mandate for wholesale change in the foreign policy arena, and if foreign service officers cannot follow through on the American people’s preferences, they should resign and seek a political appointment in the next Democrat administration.”
end
Congress’s Jan. 6 Investigation Looks Less And Less Credible
Tuesday, Nov 26, 2024 – 09:20 AM
On Jan. 6, 2021, the nation was rocked by the disruption of the certification of Joe Biden as our next president. With Donald Trump set to return to the White House in 2025, it is astonishing how much of that day remains a matter of intense debate.
Those divisions are likely only to deepen after a slew of recent reports that have challenged the selective release of information from the House January 6 Committee.
January 6 remains as much a political litmus test as it is a historical event. Whether you refer to that day as a riot or an insurrection puts you on one side or the other of a giant political chasm. I viewed the attack on that day as a desecration of our constitutional process, but I did not view it as an insurrection. I still don’t.
It was a protest that became a riot when a woefully insufficient security plan collapsed. And that is a view shared by most Americans. One year after the riot, a CBS poll showed that 76 percent viewed it as a “protest gone too far.”
A Harvard study also found that those arrested on that day were motivated by loyalty to Trump rather than support for an insurrection.
A recent poll found that almost half of the public (43 percent) felt that “too much is being made” of the riot and that it is “time to move on.”
Of course, that still leaves a little over half who view the day as “an attack on democracy.”
The continued distrust of the official accounts of Jan. 6 reflects a failure of the House Democrats, and specifically former House Speaker Nancy Pelosi (D-Calif.), to guarantee a credible and comprehensive investigation.
The House Select Committee to investigate January 6 was comprised of Democrat-selected members who offered only one possible view: that January 6 was an attempt to overthrow our democracy by Trump and his supporters. The committee hired a former ABC News producer to create a slick, made-for-television production that barred opposing views and countervailing evidence. The members, including Republican Vice Chair Liz Cheney, played edited videotapes of Trump’s speech that removed the portion where Trump called on his supporters to protest “peacefully.”
The committee fostered false accounts, including the claim that there was a violent episode with Trump trying to wrestle control of the presidential limousine. The Committee knew that the key Secret Service driver directly contradicted that account offered by former White House aide Cassidy Hutchinson.
While the Democrats insisted that Trump’s speech constituted criminal incitement, he was never charged with that crime — not even by the motivated prosecutors who pledged to pursue such charges. The reason is that Trump’s speech was entirely protected under the First Amendment. Such a charge of criminal incitement would have quickly collapsed in court.
Nevertheless, the Washington Post, NPR, other media and the committee members called Jan. 6 an “insurrection” engineered by Trump. Figures such as Rep. Jamie Raskin (D-Md.) insisted the committee had evidence that Trump organized a “coup” on Jan. 6, 2021. That evidence never materialized.
The lack of adequate security measures that day has long puzzled many of us. After all, there had been a violent riot at the White House before January 6, in which more officers were injured and Trump had to be moved to a secure location. The National Guard had to be called out to protect the White House, but those same measures (including a fence) were not ordered at the Capitol.
Two of the recent reports offered new details related to those questions.
One report confirmed that Trump did, in fact, offer the deployment of the National Guard in anticipation of the protest. The Jan. 6 Committee repeatedly dismissed this claim. After all, it would be a rather curious attempt at an insurrection if Trump was suggesting the use of thousands of troops to prevent any breach of Congress. The committee specifically found “no evidence” that the Trump administration called for 10,000 National Guard members to be sent to Washington, D.C., to protect the Capitol. The Washington Post even supposedly “debunked” Trump’s comments with an award of “Four Pinocchios.”
Yet evidence now shows that Trump personally suggested the deployment of 10,000 National Guard troops to prevent violence. For example, a transcript includes the testimony of former White House Deputy Chief of Staff Anthony Ornato in January 2022 with Liz Cheney present. Ornato states that he clearly recalled Trump’s offer of 10,000 troops.
Videotapes have also emerged showing Pelosi privately admitting that she and Democratic leadership were responsible for the security failure on Jan. 6.
Another new report from Rep. Barry Loudermilk (R-Ga.), who chairs the House Administration’s Subcommittee on Oversight, shows that it was the Defense Department that delayed the eventual deployment of National Guard in the critical hours of the riot.
The evidence shows that, at 3:18 p.m., Army Secretary Ryan McCarthy “tells sheltering Members of Congress that he is not blocking the deployment of the National Guard and, while referencing the D.C. National Guard, shares that ‘We have the green light. We are moving.’” However, the secretary of the Army’s own timeline indicates that the DCNG did not physically leave the Armory until 5 pm.
That was the critical period for the riot. Around 2:10 p.m., people surged up the Capitol steps. Just an hour later, McCarthy said troops were on their way. At 4:17 p.m., Trump made his public statement asking rioters to stop — roughly an hour and a half later. Yet it was not until 5 pm that the troops actually left for the Capitol.
The House is also under greater scrutiny this week for new information on the shooting of the only person to die on Jan. 6. While Democrats have referred to many deaths on that day, the only person who died in the riot itself was Ashli Babbitt, a protester shot by Capitol Police.
I have long disagreed with the findings of investigations by the Capitol Police and the Justice Department in clearing Captain Michael Byrd for this shooting. The media lionized Byrd and, in sharp contrast to other police shootings during that period, blamed the deceased. Again, an unjustified shooting of a protester would not fit the media narrative.
The concerns over the shooting were heightened by the Justice Department’s bizarre review and report, which notably did not state that the shooting was justified. Instead, it declared that it could not prove “a bad purpose to disregard the law” and that “evidence that an officer acted out of fear, mistake, panic, misperception, negligence, or even poor judgment cannot establish the high level of intent.”
Babbitt, 35, was an Air Force veteran who was clearly committing criminal acts of trespass, property damage and other offenses at the time she was shot. However, Babbitt was unarmed when she tried to climb through a broken window.
Byrd stated “I could not fully see her hands or what was in the backpack or what the intentions are.” In other words, Byrd admitted he did not see a weapon. He took Babbitt’s effort to crawl through the window as sufficient justification to kill her. It was not. And it is worth noting that Byrd could just as well have hit the officers standing just behind Babbitt.
The new report confirms that Byrd had prior disciplinary and training issues, including “a failed shotgun qualification test, a failed FBI background check for a weapon’s purchase, a 33-day suspension for a lost weapon and referral to Maryland state prosecutors for firing his gun at a stolen car fleeing his neighborhood.” In one incident, detailed in a letter from Loudermilk, Byrd was suspected of lying about the circumstances under which he shot at the fleeing car.
None of this means that Trump or even Babbitt are without fault in this matter. Trump’s speech was clearly “reckless and wrong,” and Babbitt herself was involved in that riot. However, these reports only further highlight what we still do not know about that day.
* * *
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
end
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
END
FREIGHT ISSUES/USA/
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
KING REPORT
| The King Report November 26, 2024 Issue 7378 | Independent View of the News |
| The Israel Cabinet to Convene on Tuesday to Discuss Ceasefire with Lebanon – Israel Channel 12 @sentdefender: Israel is reportedly nearing a Ceasefire Agreement with Hezbollah. Israeli media reports that Israel has tentatively accepted a U.S.-backed Proposal, while Hezbollah and Lebanon approved it last week, though Finalization is still pending. The proposed 60-day Pause in Fighting holds the potential to pave the way for a long-term Truce. U.S. Envoy Amos Hochstein, mediating the Talks, stated that if Israel did not respond positively in the coming days to the Ceasefire Proposal, he would withdraw from the Mediation Efforts. There were reports on social media that Team Trump has been negotiating peace deals with Middle Eastern nations as well as Russia and Ukraine. Geopolitical angst trades cratered on Monday as some traders and operators tried to unwind those positions in thin Thanksgiving Week markets. Gold, Bitcoin, and the dollar tumbled on Monday. Stocks soared as expected, but Fangs declined smartly. Bonds rallied sharply while energy commodities plunged. The dynamics behind the bond market’s robust rally on Monday included the sharp declines in precious metals and energy commodities plus the possibility that Team Trump has assembled a critical mass of outsiders that sincerely want to reduce US spending and debt. ESZs opened sharply higher on Sunday night. The rally progressed until 20:00 ET. ESZs then traded flat until ESZs ticked modestly higher after 4:30 ET. ESZs then went inert again. The rally for the NYSE open commenced at 8:35 ET and propelled ESZs to a daily high of 6040.00 at 9:41 ET. The dump then began; ESZs tumbled, with only a few minor interruptions, until they hit a daily low of 5982.50 at 12:44 ET. The afternoon rally carried ESZs to 6007.00 at 13:44 ET. After a retreat to 5995.50 at 14:20 ET, ESZs rebounded modestly and then traded flat until the late manipulation began at 15:48 ET. ESZs hit 6009.00 at the NYSE close and then advanced to 6015.50 at 16:28 ET. Positive aspects of previous session Stocks and bonds rallied sharply Precious metals, crypto currencies, and energy commodities tumbled USZs rallied as much as 2 2/32 and close +2 Negative aspects of previous session Fangs decline smartly Ambiguous aspects of previous session Might Team Trump substantially reduce US spending and debt? 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]: 5990.68 Previous session S&P 500 Index High/Low: 6020.75; 5963.91 Trump announced that as soon as he is inaugurated as president, he will place 25% tariffs on goods from Mexico and Canada until they halt the flow of illegal immigrants and drugs that pour into the USA. https://x.com/sentdefender/status/1861208984478228671/photo/1 Trump also said he will place a 35% tariff on Chinese goods because they are flooding the USA with fentanyl. https://x.com/TrumpDailyPosts/status/1861225554545893513/photo/1 Trump pledges 25% tariffs on Canada and Mexico, more on China too https://finance.yahoo.com/news/trump-promises-25-tariff-products-235033879.html Special counsel Jack Smith filed a motion in D.C. District Court to drop the Jan. 6 case against President-elect Donald Trump with Judge Tanya Chutkan. https://www.dailysignal.com/2024/11/25/jack-smith-drops-trump-election-case/ Today – As noted in Monday’s missive, seasonality and psychology are very bullish now. Barring unexpected bad news, traders will shoot for the number: 6k for the S&P 500 Index. There is no reason to over analyze the stock market now. The short-term environment and momentum are very bullish. ESZs were -30.00; NQZs were -123.00; and USZs were -9/32 at 20:02 ET on DJT’s tariff threat. Aggressive buying boosted ESZs to -10.00; NQZs to -36.75, and USZs to -7/32 at 20:50 ET because traders and operators are exceedingly bullish on stocks. It appears that US stocks will start the NYSE session lower on DJT’s tariffs on Mexico, Canada, and China threat. Over the past several months, when US stocks have declined during the first hour of two of NYSE trading, afternoon rallies have almost always appeared. Expected economic data and Fed speakers: Sept FHFA House Price Index 0.3% m/m; Sept CoreLogic 20-City house prices 0.3% m/m & 4.6% y/y; Oct New Home Sales 752k; Nov Conference Board Consumer Confidence 111.8; FOMC Minutes 1/7 meeting 14:00 ET S&P Index 50-day MA: 5817; 100-day MA: 5665; 150-day MA: 5547; 200-day MA: 5440 DJIA 50-day MA: 42,750; 100-day MA: 41,586; 150-day MA: 40,712; 200-day MA: 40,355 (Green is positive slope; Red is negative slope) S&P 500 Index (5987.37 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 5589.84 triggers a sell signal Daily: Trender is positive; MACD is negative – a close below 5850.21 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5944.83 triggers a sell signal Jussie Smollett, the Obamas and the Chicago Way by John Kass https://johnkassnews.com/jussie-smollett-the-obama-white-house-and-the-chicago-way/ | |
SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER INTERVIEWING
SEE YOU ON WEDNESDAY
harveyorganblog.com 
