GOLD PRICE CLOSED UP $29.75 TO $2692.50

SILVER PRICE DOWN $0.08 TO $31.88

Gold ACCESS CLOSED $2692.65

Silver ACCESS CLOSED: $31.85

Bitcoin morning price:$96,941 DOWN 205 DOLLARS.

Bitcoin: afternoon price: $96449 DOWN 697 DOLLARS

Platinum price closing UP $0.95 TO $944.90

Palladium price; DOWN $8.50 TO $973.50

END

*CANADIAN GOLD: $3816.24 UP 45.08 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)

*BRITISH GOLD: 2107.84 UP 21.09 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2161.00 BRITISH POUNDS/OZ) NOV 22/2024

*EURO GOLD: 2,557.84 UP 37.15 Euros per oz //* (ALL TIME CLOSING HIGH: 2600.25 EUROS PER OZ//NOV 22 //.2024)

DONATE

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END

EXCHANGE;

EXCHANGE: COMEX
CONTRACT: DECEMBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,664.900000000 USD
INTENT DATE: 12/09/2024 DELIVERY DATE: 12/11/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

132 C SG AMERICAS 6 2
190 H BMO CAPITAL 8
323 C HSBC 320
363 H WELLS FARGO SEC 66
435 H SCOTIA CAPITAL 15
555 H BNP PARIBAS SEC 5
624 H BOFA SECURITIES 93
657 C MORGAN STANLEY 10
661 C JP MORGAN 20 76
661 H JP MORGAN 7
686 C STONEX FINANCIA 53 53
690 C ABN AMRO 10 11
737 C ADVANTAGE 13 11
880 C CITIGROUP 2
880 H CITIGROUP 59
905 C ADM 4

---

TOTAL: 422 422

JPMorgan stopped 83/422

GOLD: NUMBER OF NOTICES FILED FOR DEC/2024. CONTRACT: 422 NOTICES FOR 42200 OZ  1.3125 TONNES

total notices so far: 17,524 contracts for 1,752,400 Oz (54.406 tonnes)

FOR  DEC

SILVER NOTICES: 473 NOTICE(S) FILED FOR 2,365,000 OZ/

total number of notices filed so far this month : 7390 for 356.950 million oz

XXXXXXXXXXXXXXXXXX

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GLD/

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

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

WITH GOLD UP $31.10 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD:

HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD/

INVENTORY RESTS AT 870..79 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.91 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.868 MILLION OZ OUT OF THE SLV/.

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 471.812 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A MEGA MEGA HUMONGOUS SIZED 6765 CONTRACTS TO 147,285 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS EXTRA HUMONGOUS SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE GAIN OF $0,91 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONDAY’S TRADING. WE HAD A MEGA MEGA HUMONGOUS GAIN OF 10,454 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR HUGE GAIN  IN PRICE. WE HAD ZERO LIQUIDATION OF T.A.S. CONTRACTS ON MONDAY COMEX TRADING  AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 2 WEEKS TO WHICH THEY FAILED WITH YESTERDAY’S SILVER’S HUGE GAIN IN PRICING. 

WE HAD A MEGA HUGE 3785 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUGE 821 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN TUESDAY;S TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A MEGA MEGA HUMONGOUS SIZED 10,550 CONTRACTS ON OUR TWO EXCHANGES WITH OUR HUGE GAIN IN PRICE. WE HAD A ZERO TAS LIQUIDATION THROUGHOUT MONDAY’S COMEX SESSION. MONDAY MORNING (INSTEAD OF SATURDAY MORNING) WE RECEIVED NOTICE OF .5000 OZ ISSUANCE OF EXCHANGE FOR RISK/ THIS WILL BE ADDED TO THE PREVIOUS EXCHANGE FOR RISK ISSUANCE OF .66 MILLION OZ/NEW EXCHANGE FOR RISK TOTALS: 1.16 MILLION OZ.

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 AND THAT THAT CONTINUED ON MONDAY TO NO AVAIL.

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 821 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 UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.91) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD AN EXTRA HUMONGOUS GAIN IN OI ON OUR TWO EXCHANGES OF 10,747 OI. CONTRACTS.

WE HAD A HUGE 3785 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 40.435 MILLION OZ (FIRST DAY NOTICE) TO WHICH WE MUST ADD ANOTHER OF THOSE STUPID “DELIVERIES” CALLED EXCHANGE FOR RISK LAST THURSDAY NIGHT (NOV 29). THE CME ISSUED 132 NOTICES OF EXCHANGE FOR RISK FOR .66 MILLION OZ WHERE HERE THE BUYER TAKES THE RISK THAT HE WILL EVER BE DELIVERED UPON. WHAT A CROCK OF NONSENSE! SHOCKINGLY,MONDAY MORNING, WE HAD 100 CONTRACTS OF EXCHANGE FOR RISK ISSUED. TOTAL FOR MONTH 1.16 MILLION OZ. WE ALSO HUGE 398 CONTRACT QUEUE JUMP FOR 1.990 MILLION OZ AS THESE BOYS WILL TRY THEIR LUCK IN TAKING DELIVERY OVER ON THIS SIDE OF THE PLANET.

// STANDING FOR SILVER//DEC INCREASES TO 38.965 MILLION OZ + .1.16 MILLION OZ EX FOR RISK = 40.125 MILLION OZ

WE HAD:

/ MEGA HUMONGOUS SIZED COMEX OI GAIN +//HUGE SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 821 CONTRACTS)/ PLUS ANOTHER 500,000 O\ ISSUANCE OF EXCHANGE FOR RISK

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 197 CONTRACTS.

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

TOTAL CONTRACTS for 7 DAYS, total 14,644 contracts:   OR 73.220 MILLION OZ  (2092 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  73.220 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. 115.970 MILLION OZ ( HUGE THIS MONTH)

DEC: 73.220 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE/ MAY EXCEED MARCH 2022 RECORD OF 209 MILLION OZ)

RESULT: WE HAD AN EXTRA HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 6765  CONTRACTS WITH OUR HUGE GAIN IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE  CONTRACTS: 3785 ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX TO LONDON  AS FORWARDS.  WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC OF  40.435 MILLION  OZ ON FIRST DAY NOTICE, FOLLOWED BY TODAY’S 1.990 MILLION OZ QUEUE JUMP TO WHICH WE ADD .66 MILLION OZ OF EXCHANGE FOR RISK/PRIOR + .500 MILLION OZ EX FOR RISK YESTERDAY//NEW TOTAL; 40.125 MILLION OZ

//NEW TOTAL STANDING FOR DEC AT 40.125 MILLION OZ 

WE HAVE A MEGA MEGA HUMONGOUS SIZED GAIN OF 10,550 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR HUGE GAIN IN  PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE 821 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//ZERO FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION. BUT THEY STILL NEED THESE ISSUANCE FOR REPLENISHMENT FOR FUTURE TRADING /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 WITH THE HUGE GAIN 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   (821) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE, PROBABLY TODAY.

WE HAD 473 NOTICE(S) FILED TODAY FOR 2, 365,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A STRONG SIZED 8144 OI CONTRACTS  TO 476,119 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY:  REMOVED A HUGE SIZED 663 CONTRACTS//

WE HAD A STRONG SIZED INCREASE  IN COMEX OI (8144 CONTRACTS) OCCURRED WITH OUR GAIN OF $31.10 IN PRICE MONDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR DEC AT 57.284 TONNES ON FIRST DAY NOTICE. FOLLOWED BY OUR 3 ISSUANCES OF 9.7074 TONNES OF EXCHANGE FOR RISK

/NEW STANDING 66.9914 TONNES

NEW STANDING FOR DEC: 66.9914 TONNES

/ ALL OF THIS HAPPENED WITH OUR  $31.10 GAIN IN PRICE  WITH RESPECT TO MONDAY’S COMEX ///. WE HAD A HUGE GAIN OF 14,454 OI CONTRACTS (44.95 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 THE WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! YOU CAN VISUALIZE THIS WITH THE VIOLENT ACTION AT THE COMEX WITH RESPECT TO 420 CONTRACT QUEUE JUMP TODAY (42,000 OZ)  ALONG WITH THE 9.77074 EXCHANGE FOR RISK ISSUANCE THIS MONTH //NEW TOTAL TONNES OF DELIVERY: 66.9914.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 6310 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 476,119

IN ESSENCE WE HAVE A HUGE SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 15,117 CONTRACTS  WITH 8144 CONTRACTS INCREASED AT THE COMEX// AND A HUMONGOUS SIZED 6310 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 14,454 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUGE SIZED BUT CRIMINAL 3658 CONTRACTS ISSUED. WE HAD A ZERO LIQUIDATION OF T.A.S CONTRACTS WITH OUR GAIN IN PRICE MONDAY AS THE NEED FOR REPLENISHMENT WAS STILL IN ORDER TO CARRY OUT ITS PRICE CONTAINMENT STRATEGY IN FUTURE TRADING.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A HUMONGOUS SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6310 CONTRACTS) ACCOMPANYING THE STRONG SIZED INCREASE IN COMEX OI OF 8144 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 14,454 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 DEC 55.117 TONNES FOLLOWED BY TODAY.S 42,000 OZ QUEUE JUMP TO WHICH WE ADD THOSE CRAZY EXCHANGE FOR RISK ON 3 PRIOR OCCASIONS OF 9.7074 TONNES//NEW STANDING 66.9914 TONNES

//NEW STANDING DECEMBER: 66.9914 TONNES

 / 3) ZERO T.A.S. LIQUIDATION (TRYING TO LOWER GOLD’S PRICE  MONDAY WITH ZERO SUCCESS AS WE HAD A $31.10 PRICE GAIN. BUT WE HAD ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A STRONG GAIN IN OI ON OUR TWO EXCHANGES. STICKY GOLD’S LONGS ARE NOT FOOLED BY THE RAID IN PRICE AS THEY WERE REWARDED MONDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL.

  4)  STRONG SIZED COMEX OPEN INTEREST INCREASE 5)  HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///HUGE T.A.S.  ISSUANCE: 3658 T.A.S.CONTRACTS///420 CONTRACT QUEUE JUMP OR 42,000 OZ WILL STAND FOR DELIVERY AT THE COMEX.

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

DEC

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC :

TOTAL EFP CONTRACTS ISSUED: 50,485 CONTRACTS OF 5,048,500 OZ OR 157.02 TONNES IN 7 TRADING DAY(S) AND THUS AVERAGING: 7212 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 7 TRADING DAY(S) IN  TONNES  157.02 TONNES

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

THUS EFP TRANSFERS REPRESENTS  157.02 DIVIDED BY 3550 x 100% TONNES = 4.42% 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: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED

DEC 157.02 TONNES (we will also have a humdinger of an ex for physical issuance/maybe this time we will surpass March 22 record of 409 tonnes for the month)

SPREADING OPERATIONS

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

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

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

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

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

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

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

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A MEGA HUMONGOUS SIZED 6765 CONTRACTS OI  TO 147,285 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 3785 CONTRACTS

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

DEC 3785 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 3785 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 6765   CONTRACTS AND ADD TO THE 3875 E.FP. ISSUED

WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 10,550 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 53.74 MILLION OZ OCCURRED WITH OUR  $0.91 GAIN  IN PRICE  

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS/TUESDAY MORNING MONDAY  NIGHT

ASIA TRADING TUESDAY MORNING/MONDAY  NIGHT

SHANGHAI CLOSED UP 20.13 PTS OR 0.59%

//Hang Seng CLOSED DOWN 102.81 PTS OR 0.50%

// Nikkei CLOSED UP 207.08 OR 0.53%//Australia’s all ordinaries CLOSED DOWN .43%///Chinese yuan (ONSHORE) CLOSED UP TO 7.2596 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2595// Oil DOWN TO 68.03 dollars per barrel for WTI and BRENT UP AT 71.87 Stocks in Europe OPENED ALL MOSTLY MIXED

ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

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 ROSE BY A STRONG SIZED 8144 CONTRACTS TO 476,119 WITH OUR HUGE  GAIN IN PRICE OF $31.10 WITH RESPECT TO MONDAY’S TRADING. , WE LOST ZERO NET LONGS AS WE HAVE A STRONG PRICE GAIN FOR GOLD AND WE ALSO HAD AS YOU WILL SEE BELOW A HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (6310). THUS A HUMONGOUS GAIN ON OUR TWO EXCHANGES OF 14,454 CONTRACTS WITH OUR GAIN IN PRICE AND THEREFORE NO LOSS IN NET LONGS.

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 PAST WEEK. WE HAD LITTLE T.A.S. LIQUIDATION ON MONDAY.

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, 2001,AND FRIDAY NIGHTS  202, 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 CONSIDERABLE T.A.S. LIQUIDATION THROUGHOUT LAST WEEK’S TRADING BUT VERY LITTLE ON MONDAY.

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 EARLY 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 DEEP INTO THE ACTIVE DELIVERY MONTH OF DECEMBER.…  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 6310 EFP CONTRACTS WERE ISSUED: :  /DEC  6310 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 6310 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A HUMONGOUS SIZED TOTAL OF 14,454 CONTRACTS IN THAT 6310 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG SIZED GAIN OF 8144 COMEX  CONTRACTS..AND THIS HUGE GAIN  ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $31.50 MONDAY// COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED  ABOVE.

AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR MONDAY NIGHT WAS A HUGE SIZED SIZED 3658 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, ON MONDAY NOV 25, THEIR RAID TO LOWER THE PRICE OF GOLD TO MAKE THEIR COMEX BETS WHOLE ON OPTIONS EXPIRY WEEK AND THUS THE NEED FOR CONTINUAL STRONG T.A.S. ISSUANCE AND THEN LIQUIDATION (COUPLED WITH THE LIQUIDATION OF CALENDAR SPREADERS ). THE USE OF OUR TWO SPREADER MECHANISMS WERE OF EXTREME IMPORTANCE TO OUR CROOKS IN LAST WEEK’S TRADING. WE HAD CONTINUAL T.A.S. AND FINAL MONTH END SPREADER LIQUIDATION ON FRIDAY NOV 29 .THE LIQUIDATION OF T.A.S. SUBSIDED QUITE DRAMATICALLY WITH FRIDAY’S TRADING, AND IT CONTINUED WITH MONDAY’S TRADING.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   DEC (66,9914 TONNES) WHICH IS HUGE FOR OUR  ACTIVE DEC DELIVERY MONTH.

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 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 . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES

DEC: 57.284 TONNES + .776 TONNES EXCHANGE FOR RISK PRIOR + 1.919 TONNES EXCHANGE FOR RISK WEDNEDAY+ 7.0108 TONNES FRIDAY NIGHT /NEW TOTAL 66.9914 TONNES

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY   $31.10/)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A HUMONGOUS GAIN IN PRICE. WE DID HAVE LITTLE T.A.S. SPREADER LIQUIDATION MONDAY. WE ALSO HAD A HUGE T.A.S. ISSUANCE, MONDAY NIGHT, AS THE NEED FOR REPLENISHMENT WAS STILL EVER PRESENT. THIS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL MONDAY EVENING.

LATE LAST WEEK, FRIDAY NIGHT (EARLY SATURDAY MORNING NOV 30) THE CME ANNOUNCED ANOTHER OF THOSE CRAZY DELIVERIES: THE ISSUANCE OF 250 EXCHANGE FOR RISK CONTRACTS WHICH TOTAL 25000 OZ (.7776 TONNES. HERE THE BUYER ASSUMES THE RISK THAT HE WILL BE DELIVERED UPON IN PHYSICAL METAL. THIS IS ABSOLUTELY INSANE AND A HUGE VIOLATION OF THE TRUE DISCOVERY PRICE MECHANISM WHICH IS THE COMEX MANTRA!. AND THEN GUESS WHAT? THE CME ANNOUNCED ANOTHER EXCHANGE FOR RISK, LATE TUESDAY EVENING/ EARLY WEDNESDAY MORNING OF 617 CONTRACTS FOR 61,700 OZ OR GOLD (1.919 TONNES). THEN MUCH TO MY ANGER, THE CME ANNOUNCED A THIRD ISSUANCE FRIDAY NIGHT FOR A MONSTROUS 2254 EXCHANGE FOR RISK CONTRACTS OR 225,400 OZ OR 7.0108 TONNES THUS ALL THREE OF THESE ISSUANCES WILL BE ADDED TO THE TOTAL GOLD BEING “DELIVERED UPON”. (9.7074 TONNES).

WE HAVE GAINED A TOTAL OF 47.070 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR DEC (55.167TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 32,100 OZ OR 0.9984 TONNES TO WHICH WE ADD THAT CRAZY .7776 TONNES OF EXCHANGE FOR RISK PRIOR ISSUED LATE LAST FRIDAY NIGHT AND THEN EXCHANGE FOR RISK OF 1.919 TONNES ISSUED LATE TUESDAY NIGHT (EARLY WEDNESDAY MORNING) AND FINALLY THE 3RD EXCHANGE FOR RISK ISSUANCE THIS MONTH FRIDAY NIGHT FOR 7.0108 TONNES

THUS TOTAL EXCHANGE FOR RISK/PRIOR = : 9.7074 TONNES + NORMAL GOLD TONNES STANDING OF 57.284 = DELIVERY TOTALS OF 66.9914 TONNEES

/ STANDING FOR DEC INCREASES TO 66.9914 TONNES

NEW STANDING FOR DECEMBER: 66.9914 TONNES (WHICH IS HUGE FOR OUR VERY ACTIVE DELIVERY MONTH)

ALL OF THIS WAS ACCOMPLISHED DESPITE OUR GAIN IN PRICE  TO THE TUNE OF $31.10

WE HAD 663 CONTRACTS REMOVED FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 14,454 CONTRACTS OR 1,445,400 (44.95 TONNES)

confirmed volume MONDAY 203,994 contracts: poor //// T.A.S. ENHANCED TO A MUCH LESSER EXTENT.

//speculators have left the gold arena

END

/ /// THE DEC 2024 GOLD CONTRACT

DEC 10

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	NIL OZ Brinks           .
Deposit to the Dealer Inventory in oz	NIL OZ
Deposits to the Customer Inventory, in oz	192,906.000 OZ JPMorgan/Manfra 6,000 kilobars
No of oz served (contracts) today	422 notice(s) 42200 OZ 1.43125 TONNES
No of oz to be served (notices)	893 contracts    89300 OZ 2.777 TONNES
Total monthly oz gold served (contracts) so far this month	17,524 notices 1,7524,000 oz 54.406 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month	x

dealer deposits: 0

total dealer deposits:  NIL oz

we have 2 customer deposit

i) Into JPMorgan 160,755.000 oz (5,000 kilobars)’

ii) Into Manfra: 32,151.000 oz (1000 kilobars)_

total deposits 192,906.000 oz  6,000 kilobars

strictly a paper gold entry.

withdrawals: 0

TOTAL WITHDRAWALS: oz

adjustments: 2

i) added to Ashai dealer: 61,054.749 oz (1899 kilobars)

a paper gold entry.

ii) out of Manfra: 30,864.960 oz adjusted out of the customer and this lands into the dealer account. (960 kilobars//strictly a paper gold entry.)

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DEC.

For the front month of DEC: we have an oi of 1315 contracts having LOST 48 contracts. We had

468 contracts were served on MONDAY, so we GAINED 420 contracts or 42,000 oz underwent a MASSIVE queue jump bolting ahead of others to take delivery of gold over on this side of the planet.

JANUARY LOST 121 CONTRACTS TO STAND AT 2096

FEBRUARY GAINED 5757 CONTRACTS TO 362,677 .

We had 422 contracts filed for today representing 42,200 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 422 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 83 notice(s) was (were) stopped  (received) by J.P.Morgan//customer account   

To calculate the INITIAL total number of gold ounces standing for DEC /2024. contract month, we take the total number of notices filed so far for the month (17,524 x 100 oz ) to which we add the difference between the open interest for the front month of  DEC(1315 CONTRACTS)  minus the number of notices served upon today  (422 x 100 oz per contract( equals  1,841,700 OZ  OR 57.284 TONNES. to which we add 9.7074 tonnes of exchange for risk/PRIOR equals 66.9914

thus the INITIAL standings for gold for the DEC contract month:  No of notices filed so far (17,524 x 100 oz +we add the difference for front month of DEC  (1315 OI} minus the number of notices served upon today (422 x 100 oz which equals  1,841,700 oz (57.284 TONNES)  + 9.7074 tonnes of ex. for risk PRIOR //new total 66.9914 TONNES

TOTAL COMEX GOLD STANDING FOR DEC.: 66,9914 TONNES WHICH IS HUGE FOR THIS  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: 1,887,512.376  oz 58.71 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  18,081,802.539 OZ  

TOTAL REGISTERED GOLD 8097,306.492/// 251.86 tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,984,456.087 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,209,794 oz (REG GOLD- PLEDGED GOLD)= 193.15 tonnes //

JPMorgan enhanced inventory is 3.592 million oz/17.833 million oz = 20.14% of entire inventory..

END

SILVER/COMEX

DEC 10. 2024

INITIAL

//2024// THE DEC 2024  SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	620,941.766 oz Delaware Loomis .
Deposits to the Dealer Inventory	nil
Deposits to the Customer Inventory	1,193,218.870 oz Asahi CNT
No of oz served today (contracts)	473 CONTRACT(S)    (2,365,000 OZ)
No of oz to be served (notices)	403 contracts  (2.015 MILLION oz)
Total monthly oz silver served (contracts)	7390 Contracts  (36.950 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : nil oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  2 customer deposits

i) Into ASAHI 593,680.100 oz

ii)Into CNT 599,558.770 oz

total customer deposits 1,193,218.870 oz

We had 2 withdrawals

i) Out of Delaware 8914.856 oz

ii) Out of Loomis: 611,799.91 oz

total withdrawal 620,941.766 oz

JPMorgan has a total silver weight: 134.401million oz/307.615million  or 43.83%

adjustment 1 customer to dealer/BCNT

a) 788,219.170 oz

TOTAL REGISTERED SILVER: 76.529MILLION OZ//.TOTAL REG + ELIGIBLE. 307.615 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DEC

silver open interest data:

FRONT MONTH OF DEC /2024 OI: 876 OPEN INTEREST FOR A GAIN OF 396 CONTRACTS. WE HAD

2 CONTRACTS ISSUED ON MONDAY SO WE HAD A HUGE 398 CONTRACT OR A 1,990,000 OZ QUEUE JUMP WHERE THESE BOYS WILL TRY THEIR LUCK AND TAKE DELIVERY OF PHYSICAL SILVER OVER HERE.

JANUARY SAW A GAIN OF 2 CONTRACTS DOWN TO 2452

FEBRUARY SAW A LOSS OF 12 CONTRACTS TO STAND AT 68

MARCH SAW A GAIN OF 4737 CONTRACTS UP TO 122,363

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 473 for 2,365,000 oz

CONFIRMED volume; ON MONDAY 100,367 huge// t.a.s. enhanced

To calculate the number of silver ounces that will stand for delivery in DEC we take the total number of notices filed for the month so far at 7390x 5,000 oz = 36.950 MILLION oz 

to which we add the difference between the open interest for the front month of DEC (876) and the number of notices served upon today (473)x (5000 oz)

Thus the  standings for silver for the DEC 2024 contract month:  7390 Notices served so far) x 5000 oz + OI for the front month of DEC(876) minus number of notices served upon today (473)x 5000 oz equals silver standing for the DEC contract month equating to 38.965 MILLION OZ. + to which we add .66 million oz of exchange for risk PRIOR// + .5000 EXCHANGE FOR PHYSICAL MONDAY MORNING//new total 40.125

 New total standing: 40.125 million oz.

There are 76,529 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//

DEC  10  WITH GOLD UP $29.75 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD/ // : .///INVENTORY RESTS AT 870.79 TONNES

 DEC  9  WITH GOLD UP $31.10 ON THE DAY; NO CHANGES IN GOLD AT THE GLD. // : .///INVENTORY RESTS AT 871.94 TONNES

DEC 6 WITH GOLD UP $6.60 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD. A WITHDRAWAL OF 1.71 TONNES OF GOLD FROM THE GLD// : .///INVENTORY RESTS AT 871.94 TONNES

DEC 5 WITH GOLD DOWN $26.80 ON THE DAY; NO CHANGES IN GOLD AT THE GLD./ : .///INVENTORY RESTS AT 873.65 TONNES

DEC 4 WITH GOLD UP $6.15 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.31 TONNES OF GOLD FROM THE GLD./ : .///INVENTORY RESTS AT 873.65 TONNES

DEC 3 WITH GOLD UP $10.30 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.59 TONNES OF GOLD FROM THE GLD./ : .///INVENTORY RESTS AT 875.96 TONNES

DEC 2 WITH GOLD DOWN $20.20 ON THE DAY; NO CHANGES IN GOLD AT THE GLD : .///INVENTORY RESTS AT 878.55 TONNES

NOV 29 WITH GOLD UP $16.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD : Z WITHDRAWAL OF .86 TONNES OF GOLD FROM THE GLD . .///INVENTORY RESTS AT 878.55 TONNES

 NOV 27 WITH GOLD UP $18.05 ON THE DAY; NO CHANGES IN GOLD AT THE GLD : . .///INVENTORY RESTS AT 879.41 TONNE

 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

GLD INVENTORY: 870.79 TONNES, TONIGHTS TOTAL

SILVER

DEC 10 WITH SILVER DOWN 8 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 1.868 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 471.812 MILLION OZ

DEC 9 WITH SILVER UP $0.91 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 1.367 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 473.680 MILLION OZ

DEC 6 WITH SILVER DOWN $0.00 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE DEPOSIT OF 4.329 MILLION OZ/// //INVENTORY AT SLV RESTS AT 475.047 MILLION OZ

DEC 5 WITH SILVER DOWN $0.23 //NO CHANGES IN SILVER INVENTORY AT THE SLV” /// //INVENTORY AT SLV RESTS AT 470.718 MILLION OZ

DEC 4 WITH SILVER UP 26 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV”: A WITHDRAWAL OF 2.206 MILLION OZ FORM THE SLV. /// //INVENTORY AT SLV RESTS AT 470.718 MILLION OZ

DEC 3 WITH SILVER UP 59 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV /// //INVENTORY AT SLV RESTS AT 472.924 MILLION OZ

DEC 2 WITH SILVER DOWN 19 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV. A WITHDRAWAL OF 1,458,000 OZ FROM THE SLV. /// //INVENTORY AT SLV RESTS AT 472.924 MILLION OZ

NOV 29 WITH SILVER UP 51 CENTS //SMALL CHANGES IN SILVER INVENTORY AT THE SLV. A WITHDRAWAL OF 365,000 OZ FROM THE SLV. /// //INVENTORY AT SLV RESTS AT 474.382 MILLION OZ

NOV 27 WITH SILVER DOWN $0.25 //NO CHANGES IN SILVER INVENTORY AT THE SLV.. /// //INVENTORY AT SLV RESTS AT 474.747 MILLION OZ

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

CLOSING INVENTORY 471.812 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

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

Alasdair Macleod

3. CHRIS POWELL AND GATA DISPATCHES

El Salvador’s president proposes ending country’s ban on metals mining

Submitted by admin on Mon, 2024-12-09 22:52 Section: Daily Dispatches

From the Associated Press
Wednesday, November 27, 2024

SAN SALVADOR, El Salvador — El Salvador President Nayib Bukele on Wednesday proclaimed himself in favor of mining gold in the Central America country and called his nation’s 7-year-old ban on metals mining “absurd,” immediately putting in jeopardy the historic prohibition.

The unmined gold would be “wealth that could transform El Salvador,” he wrote on the social platform X. Bukele’s party controls El Salvador’s Congress by a wide margin and his political opposition has been devastated, so a formal proposal to end the ban is unlikely to meet much resistance.

In 2017 El Salvador banned all metals mining above ground and below. A broad coalition of sectors, including the Catholic church, supported the prohibition in order to protect the small country’s water resources from contamination.

At that point, exploration had revealed deposits of gold and silver but there was no large-scale metal mining. It’s unclear what the country’s gold reserves could be. …

… For the remainder of the report:

https://apnews.com/article/el-salvador-bukele-gold-mining-308b8602c486c1ae6283d5bb82be2027

END

If not physical gold settled, it is not worth the paper it is printed on

(MMN)

CME Group launches 1-ounce gold futures to divert physical demand

Submitted by admin on Mon, 2024-12-09 23:02 Section: Daily Dispatches

By Jesse Columbo
Money Metals News Service
Sunday, December 8, 2024

In a move that may flood the market with more “paper” gold, CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. 

This move comes in response to soaring demand from retail investors, spurred by gold’s record-breaking rally this year from $2,000 to $2,630—a respectable 32% gain. Smaller-sized gold products have grown increasingly popular among retail investors seeking exposure to precious metals and greater diversification in their portfolios. …

While the introduction of this new futures product is intriguing and reflects growing interest in precious metals and financial innovation — something I wholeheartedly support as a proponent of free markets — I do have some big concerns. 

Chief among them is that this is a cash-settled futures contract rather than a physically-settled one. 

This means that upon expiration of the futures contract, traders cannot take physical delivery of a 1-ounce bullion bar or coin, which is a drawback for those seeking tangible ownership of gold.

This also implies that these contracts are unlikely to be backstopped (even unofficially) by actual physical gold, making them yet another form of “paper” gold in a market already saturated with such instruments that include futures, options, forwards, swaps, CFDs, and exchange-traded funds. …

… For the remainder of the analysis:

https://www.moneymetals.com/news/2024/12/08/cme-group-launches-1-oz-gold-futures-to-divert-physical-demand-003673

* * *

4. OTHER GOLD COMMENTARIES/

END

LIVE FROM THE VAULT/ANDREW MAGUIRE KINESIS 202

end

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

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED UP 20.13 PTS OR 0.59%

//Hang Seng CLOSED DOWN 102.81 PTS OR 0.50%

// Nikkei CLOSED UP 207.08 OR 0.53%//Australia’s all ordinaries CLOSED DOWN .43%///Chinese yuan (ONSHORE) CLOSED UP TO 7.2596 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2595// Oil DOWN TO 68.03 dollars per barrel for WTI and BRENT UP AT 71.87 Stocks in Europe OPENED ALL MOSTLY MIXED

ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

ONSHORE YUAN:   CLOSED UP AT 7.2595

OFFSHORE YUAN: DOWN TO 7.2595

SHANGHAI CLOSED CLOSED UP 20.13 PTS OR 0.59%

HANG SENG CLOSED CLOSED DOWN 102.21 PTS OR 0.50%

2. Nikkei closed UP 207.08 PTS OR 0.53%

3. Europe stocks   SO FAR:  ALL MOSTLY MIXED

USA dollar INDEX UP TO  106.03 EURO FALLS TO 1.0532 DOWN 22 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +1.061 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 151.69…… 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 UP for WTI and UP FOR BRENT this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.1195 Italian 10 Yr bond yield UP to 3.196 //SPAIN 10 YR BOND YIELD UP TO 2.750

3i Greek 10 year bond yield UP TO 2.896

3j Gold at $2679.00 /Silver at: 31.94  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 57/100  roubles/dollar; ROUBLE AT 101.57

3m oil into the 68 dollar handle for WTI and  71 handle for Brent/

3n Higher foreign deposits moving out of China//  huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 151.69  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.061% 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 0.8801 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9269  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: 4.235 UP 4 BASIS PTS…

USA 30 YR BOND YIELD: 4.424 UP 4 BASIS PTS/

USA 2 YR BOND YIELD:  4.1204 UP 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.85…

10 YR UK BOND YIELD: 4.3535 UP 4 PTS

10 YR FRANCE YIELD: 2.872 UP BASIS PTS FRENCH YIELD/GERMANY A .7523 PTS

10 YR CANADA BOND YIELD: 3.075 UP 4 BASIS PTS

5 YR CANADA BOND YIELD: 2.881 UP 2 PTS.

2a New York OPENING REPORT

Futures Rise As Yields Hit 1 Week High, China Stimulus Hopes Fizzle

Tuesday, Dec 10, 2024 – 08:21 AM

Futures inch higher, reversing earlier losses even as bond yields gain 3bps to rise to a one week high, and the USD is once again rising. As of 8:00am ET, S&P 500 and Nasdaq 100 inched up 0.1% and 0.2% respectively with Mag7 names mostly higher premarket, even as other large cap tech names are hit post-earnings after software giant Oracle slid as much as 8.8% after quarterly results underwhelmed. Nvidia looked set to extend losses following news that China is probing the AI chipmaker over alleged anti-monopoly violations. US-listed Chinese shares also slipped, ceding gains notched the previous day after Beijing pledged to loosen monetary policy. The commodity complex is weaker as energy items fail to hold yesterday’s gains. Today shapes up to be a quiet macro day ahead of CPI.

In premarket trading, Oracle dropped 7% after the software company reported second-quarter results that are seen as underwhelming in the wake of robust stock performance. Homebuilder Toll Brothers declines 3% after the luxury builder’s profit-margin projection fell short of estimates. Here are some other notable premarket movers:

• Alibaba slips 2% along with other US-listed Chinese stocks as traders book profits after a rally spurred by policymakers’ pledges to boost growth.
• C3.ai a data-analysis software company, gains 3% after reporting quarterly revenue that topped estimates and raising its full-year sales forecast.
• Designer Brands slides 19% after the parent company of footwear and accessories chain DSW cut its adjusted earnings per share guidance for the full year.
• Ferguson drops 7% after the plumbing and HVAC supplies company posted a quarterly profit that missed estimates.
• Fluence Energy falls 8% after the provider of energy storage systems said it intends to offer $300m aggregate principal of convertible senior notes due 2030 in a private offering.
• MongoDB declines 6% after the database software company announced the departure of its CFO and COO, Michael Gordon.
• UniQure soars 88% after the company reached an agreement with the FDA on key elements of an accelerated approval pathway for AMT-130.

Investors have been monitoring the upsurge in geopolitical risk in the Middle East, after rebel forces toppled Bashar-al-Assad’s regime in Syria. Oil prices eased, however, as concerns over a looming supply glut overshadowed the political risks and China’s stimulus plan. Looking ahead, Wednesday’s CPI print will be the final major price reading before the Fed’s policy meeting next week. Any indication that progress has stalled on the inflation front could well undercut the chances of a third straight reduction in rates. Bloomberg’s Dollar Spot Index and Treasury yields edged higher suggesting inflation is once again ascendant.

“Markets seem to have run out of steam going into the end of the year and participants are waiting for some kind of fresh catalyst,” said Lee Hardman, a strategist at MUFG Bank Ltd.

Turning to the upcoming inflation data, Hardman noted that even a relatively robust monthly payrolls reading had not derailed bets on further policy easing. Money markets currently see about an 80% chance of a quarter-point easing next week. “It would have to be a really bad CPI report tomorrow to make the market pare back expectations for a cut this month,” he said. “You have to assume if it comes in in line with expectations, it’s not going to really alter the view.”

Elsewhere in this week’s main events, we get a flood of central bank decision, with the European Central Bank expected to cut rates for the fourth time this year, amid a deteriorating economic outlook and political turmoil in France and Germany. The Swiss National Bank is also forecast to trim rates on Thursday.

A key focus will be China’s Central Economic Work Conference — due to start Wednesday — where authorities could hint at more fiscal support to follow up their pledge for “moderately loose” monetary policy in 2025. Chinese stocks rose as much as 3.3% on Tuesday, only to hand back most of those gains by the close.

“The proof will be in the pudding but these statements do seem to show the authorities are poised to take more aggressive action and are encouraging,” said Rupert Thompson, chief economist at IBOSS, Kingswood Group.

Uncertainty on whether China will follow up on its stimulus pledges weighed on Europe’s Stoxx 600 index, which is set to snap an eight-day winning streak. Chinese shares pared gains into the close with the Stoxx 600 now down 0.2%, led by declines in miners and consumer products while automobile and health care stocks are the biggest outperformers. Here are the biggest movers Tuesday:

• Shares of 4iG surge 7.4% to highest level since mid-Sept. 2023, after Portfolio.hu reported that Chairman Gellert Jaszai presented the satellite plans of the Hungarian IT, telecommunications company to Elon Musk at a meeting in US
• Spar Nord Bank shares surge as much as 49%, marking their biggest gain on record, after Nykredit Realkredit tabled a takeover offer at a big premium to Monday’s closing share price
• FirstGroup shares rise as much as 4.5%, hitting a three-month high, after the transport company entered the London bus market by acquiring operator RATP Dev Transit London for an enterprise value of £90 million
• Pantheon Resources shares surge as much as 26% to a six-month high after the oil and gas exploration company announced its Megrez-1 well as a discovery, according to a statement
• Ashtead shares drop as much as 11%, the most since November 2023, after the equipment rental giant lowered its guidance for the year due to softer conditions in the US
• Delivery Hero shares fall as much as 11% in Frankfurt after the initial public offering of its Middle Eastern unit Talabat saw shares turn negative during its first day of trading in Dubai
• Husqvarna falls as much as 7%, the most since Sept. 11, after the Swedish garden and outdoor equipment maker gave a bleak 4Q outlook, a move DNB says will lead to 2024 EPS estimate cuts of 18-25%
• Allianz falls as much as 2.1% after the German insurance company set new targets across a three-year period that failed to inspire investors in a stock that’s already outperformed the market this year
• Allfunds Group shares drop as much as 9.5% after Oddo BHF double-downgraded to underperform from outperform and set a new Street-low price target, saying the European fund distribution platform’s business model faces increasing pressure
• Moonpig shares slide as much as 12%, the biggest intraday decline since April 25, after the online gifting company reported first-half revenue that missed consensus estimates

Earlier in the session, HK/China opened stronger but faded as the market saw little follow through buying post the Politburo meeting.  Furthermore , investors do not expect the CEWC to surprise to the upside. The one standout within China was the retail buying which focused on the CSI500 and CSI1000 ETFs. In Korea, the market found a near-term bottom amidst the political turmoil.   From a sector perspective, AI names were generally weaker as NVIDIA’s anti-trust probe overnight weighed on sector regionally as well as the Oracle earnings miss.

• Australia: S&P/ASX 200 -0.36%. RBA kept its policy rate unchanged at 4.35% for the 9th consecutive meeting. However, the central bank gained “some confidence” that inflation was moving back toward its target. Meanwhile, a sharp decline in Australian business confidence for Nov. Banks led the decline with ANZ Group AU -1.8%, Westpac WBC AU -1.9%, NA Bank NAB AU -2.8%. Tech also declined as a selloff in major US tech names. Zip Co -5.2%, Megaport MP1 AU -5.4%, and Wistech Global WTC AU -4.4%.
• Taiwan: TAIEX -0.65%. Market saw some slight profit taking today, although that makes it the worst performing day in 2 weeks. TSMC 2330 TT -1% reported Nov sales after market close, down ~13% MoM but 4Q24 still in line with cons. Mid/Small caps underperformed with AI names mostly under pressure, as the NVIDIA’s anti-trust probe in China news and ORACLE’s weaker guidance.
• Korea: KOSPI +2.43%. Index gapped higher on strength as the market rebounded from the late selling caused by political uncertainties onshore. Despite the strength, market dynamics remained like the trends witnessed most recently as retail investors remained as the main net sellers in the index while locals provided flow support; foreigners that were dip-buyers yesterday also sold into the strength today.
• Japan: Nikkei 225 +0.53%. Japanese stocks defied the selloff on Wall Street overnight, where major US technology names faced pressure. Market expectations remain divided on the timing of the next Bank of Japan interest rate hike, with forecasts ranging between December and January. Among notable performers, index heavyweights such as Toyota Motor 7203 JP +1.3%, Sony Group 6758 JP +4.1%, and Tokyo Electron 8035 JP +3.5% saw strong gains.
• China: SHSZ300 +0.73%. Markets were volatile as early morning rally faded over the day. Rally was significantly weaker than during September’s policy stimulus blitz because investors remain wary of the lack of policy specifics, while retail investors continue to be active. Lightly owned sectors like tourism and high beta plays like brokers outperformed, as did liquor as some investors put on policy bets.
• Hong Kong: Morning rally faded in the PM with HSI closing down -0.5%. Move lower likely driven by investors staying on the sidelines because they are 1/ they are apprehensive about buying into headlines without concrete policies following false starts over the past few months and 2/ they are not expecting a major beta upbeat from the CEWC and might buy on weakness later in the week. Most sectors dipped with property and tech amongst top losers, HSTECH -1.4%. Likewise, brokers continued to lag as investors took profit. Wuxi complex names saw some weakness following policy driven rally over the past 2 days – Wuxi XDC 2268 HK -0.8%, Wuxi Biologics 2269 HK -3.9%, Wuxi AppTec 2359 HK -3.6%.
• India: Nifty edged slightly higher in early trading today, helped by gains in software firms before seeing a small dip to fall below the 24600 level. The index is currently down 0.2%. Amongst the sectors, IT, Realty and Metals are leading in green while Energy, Autos & Pharma are lagging in red. Broader markets are relatively outperforming Nifty with Mid/Small caps up in the range of 0.1-0.2%.

In FX, the Bloomberg Dollar Spot Index rises 0.1%. The Aussie dollar is among the weakest of the G-10 currencies, falling 0.6% against the greenback after the RBA said it’s “gaining some confidence” that inflation is moving sustainably toward target. AUD/USD was down 0.8% to 0.6389 (spot closed up 0.8% on Monday after China’s top leaders signaled bolder economic support in 2025) after traders lifted expectations the RBA may cut interest rates at its February meeting to a 64% chance, up from about 50% prior to the policy decision, according to meeting-linked swaps data compiled by Bloomberg

“The RBA is still mostly cautious but ‘gaining confidence’ in the inflation outlook,” said Sean Callow, senior FX analyst at Intouch Capital Markets in Singapore. “AUD/USD has now unwound yesterday’s China stimulus-inspired bounce but if China does deliver next year, it should outweigh any careful RBA easing”

In rates,treasuries are under pressure in early US trading, led by bear-steepening in gilts where UK 30-year yield reached highest levels since Nov. 22. Treasury supply is also a factor, with first of this week’s three coupon auctions ahead at 1pm New York time. US yields are 1bp-4bp higher on the day with 2s10s, 5s30s spreads steeper by about ~1bp; 10-year is around 4.24% with UK counterpart lagging by 2bp and Germany’s outperforming by 2bp. The week’s auction cycle begins with $58b 3-year new issue and includes $39b 10-year and $22b 30-year reopenings Wednesday and Thursday.

In commodities, oil prices decline, with WTI falling 0.6% to around $68 a barrel. Spot gold climbs $9 to ~$2,670/oz. Bitcoin rises toward $98,000.

It’s a quiet US economic data calendar which only includes the NFIB small business confidence print (101.7, exp.95.3), and 3Q final nonfarm productivity at 8:30am. Fed officials are in self-imposed quiet period ahead of their Dec. 18 Fed policy announcement.

Market Snapshot

• S&P 500 futures little changed at 6,060.00
• STOXX Europe 600 down 0.3% to 519.78
• MXAP down 0.2% to 187.17
• MXAPJ down 0.4% to 589.37
• Nikkei up 0.5% to 39,367.58
• Topix up 0.3% to 2,741.41
• Hang Seng Index down 0.5% to 20,311.28
• Shanghai Composite up 0.6% to 3,422.66
• Sensex little changed at 81,457.79
• Australia S&P/ASX 200 down 0.4% to 8,392.97
• Kospi up 2.4% to 2,417.84
• ASIAN ECONOMIC DATA (all times E
• German 10Y yield up 0.8 bps at 2.13%
• Euro down 0.2% to $1.0529
• Brent Futures down 0.3% to $71.92/bbl
• Gold spot up 0.2% to $2,664.76
• US Dollar Index up 0.20% to 106.36

Top Overnight News

• Pete Hegseth’s odds of becoming Secretary of Defense rose after Sen. Ernst, a critical member of the Senate Armed Services Committee, inched closer to supporting him. Politico
• Boeing restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a 7 week strike by 33,000 factory workers. Reuters
• Washington debates whether to lift the terror designation from HTS, the rebel group that just overthrew Assad in Syria. Politico
• Senate Republicans are pushing ahead on their two-part reconciliation agenda with an initial bill focused on the border, energy, and defense (which could be paid for by overturning Biden’s student loan program) followed by a second one later in 2025 addressing taxes. Axios
• China’s trade numbers for Nov fall a bit short of expectations that trade tensions would offer a boost as businesses front-load shipments to get ahead of tariffs. Exports +6.7% Y/Y (vs. the Street +8.7%) and imports -3.9% (vs. the Street +0.9%). WSJ
• Xi Jinping has pledged that China will meet its ambitious GDP growth target of 5% this year and remain the engine of global economic expansion as Beijing steps up efforts to boost flagging investor confidence. FT
• The RBA is “gaining some confidence” that inflation is moving sustainably toward target, prompting traders to boost bets on interest-rate cuts starting as early as February. It left its cash rate at 4.35% today, as expected. BBG
• Israel stepped up its attacks on military sites in Syria, striking hundreds of targets and sending troops deeper into the country. Egypt and Saudi Arabia accused Israel of seeking to sabotage Syria’s security and stability. BBG
• Christiane Berner, the head of Germany’s most important trade union, called on the government to expand fiscal stimulus to provide more support to the economy. FT

A more detailed look at global markets courtesy of Newsquawk

APAC stocks were mostly firmer following a negative Wall Street lead, but with APAC players reacting to China easing its overall monetary policy stance. ASX 200 was the regional laggard and failed to benefit from a net dovish RBA, with the index dragged by a poor performance in Tech. Nikkei 225 eked mild gains amid the recent JPY weakness, but with gains capped as the currency claws back some losses in APAC trade. Hang Seng and Shanghai Comp were the regional outperformers after Politburo said China’s fiscal policy is to be more proactive next year, and monetary policy is to be moderately loose (prev. prudent), marking the first shift in the stance of monetary policy since 2011. Although bourses were off the best levels ahead of the Chinese Central Economic Work Conference.

Top Asian News

• China is confident in reaching its FY economic targets, CCTV reports; adds that it is willing to continue dialogue with the US, and will manage differences.
• Chinese official development faces challenges next year, according to Xinhua; monetary policy shift means low interest rates
• South Korea’s ruling party is discussing President Yoon’s potential resignation in February or March, with snap elections to follow two months later
• Australian Treasurer Chalmers said he is to consult with the Shadow Treasurer on the makeup of new RBA boards.
• Chinese President Xi said China has full confidence in achieving this year’s economic growth target, via Xinhua.
• China’s Politburo conducts a study session, according to Xinhua.
• South Korea Finance Ministry said recent market volatility is a bit excessive, and will respond with market stabilizing measures, according to Reuters.
• South Korean opposition leader Lee said they will pass the budget today, via Yonhap.
• Japanese Economy Minister Akazawa, when asked about revised Q3 GDP data, said while Japan has not emerged from deflation, a virtuous cycle of wage hikes and passing-through of prices has started, according to Reuters.
• Huawei suppliers to face further US limits under defence bill; firms with Huawei ties risk exclusion from Pentagon contracts, according to Bloomberg. House measures could put more pressure on Huawei’s supply chain.

European bourses began the session entirely in the red and have continued to traverse the bottom end of today’s range throughout the morning. The pressure is seemingly a paring back of the prior day’s upside and as traders react to the poor performance in Wall St. in the prior session. European sectors hold a strong negative bias, in-fitting with the pressure seen across the complex. There are only a handful of sectors in positive territory, and with the breadth to upside marginal; Healthcare incrementally tops the pile, followed closely by Autos and Travel & Leisure. And in a turn of fortunes from the prior day, Basic Resources and Consumer Products both give back some of the strength seen on Monday. US equity futures have traded on either side of the unchanged mark, but have been edging higher in recent trade. White House says the Commerce Department has made a > USD 6.1bln investment in Micron (MU).

Top European News

• Kantar says UK grocery sales +2.5% Y/Y in the 4 weeks to December 1st; food inflation 2.6%.
• Germany’s engineering group VDMA expects a 2% real terms decline in 2025 (unchanged from prior forecast); 2025 expected to decline 8% in real terms (unchanged from prior forecast).
• IATA Outlook: Global airlines industry to reach a record 5.2bln passengers in 2025; industry set to make USD 26.6bln in profit in 2025 (prev. USD 31.5bln in 2024)

RBA

• RBA maintained its cash rate at 4.35% as expected, and noted that some upside risks to inflation appear to have eased. RBA noted recent data on inflation and economic conditions are still consistent with these forecasts, and the Board is gaining some confidence that inflation is moving sustainably towards target. RBA also said wage pressures have eased more than expected in the November SMP, and while underlying inflation is still high, other recent data on economic activity have been mixed, but on balance softer than expected in November. Click here for the release.
• RBA Governor Bullock, at the post-meeting presser, said RBA needs to think carefully on policy, recent data have been mixed with some softening; need to see more progress on underlying inflation; the Board did not discuss rate cut or rate hike. She added that she does not know if the RBA will cut rates in February, will have to watch data – wages and demand are slowing.

FX

• DXY is up for a third consecutive session and has been growing in strength throughout trade. From a macro perspective, markets are currently in waiting mode ahead of tomorrow’s CPI report which is expected to see a +0.3% M/M outturn for core CPI. DXY has gained a firmer footing on a 106 handle with a current session high at 106.41.
• EUR is a touch softer vs. the USD with not a great deal in the way of fresh macro drivers for the Eurozone. EUR/USD has slipped below yesterday’s 1.0532 low with focus on a potential test of 1.05.
• JPY is extending on yesterday’s losses vs. the USD with USD/JPY advancing further on a 151 handle. Fresh JPY drivers remain light in the run-up to the BoJ’s December meeting with odds of a 25bps hike now at 28% vs. 42% seen at the start of last week. The next upside targets come via the 28th November high at 151.95 and then the 200DMA at 151.98.
• GBP is trivially firmer vs. the USD as UK macro drivers remain light. For now, Cable is tucked within a 1.2736-65 range.
• AUD is the laggard across the majors post-RBA. The central bank maintained its Cash Rate at 4.35% as widely expected, but struck a dovish tone as it expressed confidence that inflation is moving sustainably towards the target. NZD/USD is lower but holding above Monday’s 0.5804 trough.
• PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.2806 (prev. 7.1870)

Fixed Income

• USTs are incrementally extending on Monday’s losses following a bout of selling pressure in early European trade. Data focus will ultimately be on Wednesday’s inflation report, but ahead of that the US 3yr auction later today. The Mar’25 UST contract is below yesterday’s 111.04 low with the next target coming via Friday’s trough at 110.28+.
• A particularly choppy morning for German paper with the Mar’25 Bund contract continuing to oscillate around the 136 mark. French paper is marginally outpacing its German counterpart with the DE/FR spread narrowing to 74bps vs. yesterday’s opening levels of 76bps but wider than Friday’s 72.4bps trough.
• Gilts are a touch lower with UK paper having moved broadly sideways in recent sessions and as UK-specific updates remain light. Mar’25 Gilt is back below the 96.00 mark with a session low @ 95.42, whilst the corresponding 10yr yield briefly rose above 4.3% for the first time since November 28th.
• UK sells GBP 1.5bln 0.75% 2033 I/L Gilt: b/c 3.39x (prev. 3.17x) and real yield 0.745% (prev. 0.486%).

Commodities

• Choppy trade in the crude complex thus far in what has been a catalyst thin session; Brent’Jan 2025 currently sits towards the bottom end of a USD 71.71-72.24/bbl, after generally holding an upward bias throughout the morning.
• Precious metals are ever so slightly on a firmer footing, despite a relatively firmer Dollar and amid a catalyst-thin session thus far. Spot gold has gone as high as USD 2,673.79/oz, just ahead of its 50 DMA at USD 2,668.08/oz.
• Base metals hold a strong negative bias, giving back some of the prior day’s gains, which was sparked by a positive China Politburo readout. The pressure seen within the complex is also in-fitting with broader losses in the equities complex in Europe thus far.
• BofA sees TTF Gas prices averaging EUR 40/mwh in 2025; risk of a spike to EUR 75/mwh.

Geopolitics

• “Israeli forces are 20 km from Damascus, according to the Pro-Hezbollah Al Mayaden, as they seized more villages in southern Syria”, according to journalist Elster.
• Israel military spokesperson denies claims army has advanced to within 25km of Damascus; says troops have remained in the buffer zone.
• Israel’s Navy has carried out a large-scale operation to destroy the Syrian army fleet, according to sources cited by Al Arabiya.
• Israel has received intelligence indicating that Hamas is ready to compromise on some of its conditions, according to five Israeli officials cited by NYT.
• “Loud explosions heard in Damascus”, according to AFP journalists; details light.

US Event Calendar

• 06:00: Nov. SMALL BUSINESS OPTIMISM, est. 95.3, prior 93.7
• 08:30: 3Q Unit Labor Costs, est. 1.3%, prior 1.9%
• 08:30: 3Q Nonfarm Productivity, est. 2.2%, prior 2.2%

DB’s Jim Reid concludes the overnight wrap

In the first half of my career these two weeks into the holidays would have been back to back client Xmas lunches that often extended into the evening. Without wishing to offend the numerous clients I have Xmas lunched with over the years I’m glad those days are behind us. It was exhausting. Talking of fatigue, there was a bit of it in markets yesterday as the positive impact from China’s stimulus announcement, after we published yesterday morning, was eventually outweighed by the political uncertainty across several regions. China continues to rally this morning but remember that in the last week alone we’ve seen the French government voted down, the declaration of martial law in South Korea, the cancellation of Romania’s election, and the collapse of the Assad regime in Syria.

In terms of the China news we heard from the Politburo around an hour after we went to press yesterday. They said they would take a “moderately loose” position for monetary policy in 2025, and said there would be “more proactive” fiscal policy as well. On the former this follows 14 years of a “prudent” strategy.

Our economists and strategists believe this was an unusually strong indication as to the direction of travel, and there was a clear market response in the aftermath, with the Hang Seng moving from negative territory to end the day +2.76% higher. This morning the Hang Seng is a further +0.84% higher while the Shanghai Composite (+1.24%) is strong even if it’s halved its opening surge.

The positive impact from this story was evident in US and European markets yesterday too. For instance, the CAC 40 (+0.72%) was the top performer among the major European indices, as it has a concentration in luxury goods firms that will benefit from more Chinese demand. Another outperformer was the STOXX 600 Automobiles & Parts Index (+1.11%), as the sector also has a large trade exposure to China. Meanwhile in the US, the NASDAQ Golden Dragon China index surged +8.54%, and that’s an index that includes companies which are publicly traded in the US, but who do a majority of their business in China.

But even as equities with China exposure did very well, that wasn’t always the case more broadly. Indeed, the S&P 500 (-0.61%) fell back from its record high on Friday, posting its largest decline in over three weeks. Sectorally, the downside for the index was led by financials (-1.41%) and communication services (-1.31%). And matters weren’t helped by Nvidia (-2.55%), which lost ground after China’s State Administration of Market Regulation had opened an antitrust probe. Despite Nvidia’s retreat, the Magnificent 7 (-0.27%) were a relative outperformer as Apple (+1.61%) reached another record high. Over in Europe, equities continued to advance, with the STOXX 600 (+0.14%) posting an 8th consecutive gain.

In terms of the various political developments around the world, there’s still no sign of a new French Prime Minister yet following Wednesday’s vote of no confidence. But investors don’t seem too alarmed about the situation, as the Franco-German 10yr yield spread tightened by another -1.8bps yesterday to 75.3bps. So there’s been a decent fall relative to its peak of 88.3bps the previous Monday, which was the highest since 2012. Moreover, spreads tightened across Europe, with both the Italian and Spanish 10yr spread over bunds reaching their tightest level in 3 years, at 107.7bps and 64.0bps respectively. That came amidst a fresh rise in the 10yr bund yield (+1.4bps), which moved up to 2.12%.

Over in the Middle East, the situation in Syria remains very unstable, and commodity prices moved up in light of the uncertainty. For example, Brent crude (+1.43%) was up to $72.14/bbl, and gold prices rose +1.18% to $2,665/oz. Meanwhile in Syria itself, television reported that Mohammed Al Bashir will form a transitional government, and Israel said they carried out strikes on chemical weapon sites in Syria. But there were concerns about what the situation might mean for the wider Middle East, as well as the potential for refugee flows into other countries.

In the meantime, US Treasury yields also moved higher ahead of tomorrow’s CPI report for November. That release is going to be crucial one, as it’s probably the last big piece of the jigsaw ahead of the Fed’s policy decision next week, where a rate cut is now priced in as an 86% probability. And in the meantime, yields moved up across the curve, with the 2yr yield (+2.1bps) rising to 4.13%, whilst the 10yr yield saw its largest daily rise in four weeks (+4.8bps to 4.20%). The move got further support thanks to the New York Fed’s Survey of Consumer Expectations for November. In fact, the share of people saying they expected their household financial situation to be better off in a year reached its highest since February 2020, just before the pandemic hit, while 1-year ahead inflation expectations ticked up after falling to a 4-year low the previous month. This morning in Asia, 10yr USTs are -1.2bps lower trading at 4.19% as I type.

Coming back to Asia, the KOSPI (+2.28%) is rebounding sharply after recent losses with the Nikkei (+0.32%) also higher. Elsewhere, the S&P/ASX 200 (-0.41%) is edging lower even after the Reserve Bank of Australia (RBA) sounded more dovish on the outlook for interest rates in its latest board meeting (more on this below). US equity futures are flat.

Moving onto the RBA’s decision, the central bank held interest rate steady at a 12-year high of 4.35% while flagging some confidence that inflation was moving towards its target, as economic growth cooled. In what was clearly a more dovish commentary, the RBA board also dropped earlier guidance that it couldn’t rule any policy change “in or out.” Our local economists now believe we’ll see a cut in February. Against that background, the Aussie (-0.81%) is losing ground trading at 0.6388 against the dollar as we go to print. Meanwhile, yields on the 3yr Australian Government bond are -4.9bps lower standing at 4.62%.

Early morning data showed that China’s exports increased +6.7% y/y in November, but slower than market expectations of +8.7%. It followed a robust rebound of +12.7% the previous month. Meanwhile, import data surprised with a decline of -3.9%, marking the sharpest fall since September 2023 as against a -2.3% loss in the previous month. Markets had expected imports to grow +0.9%. So perhaps some justification behind the Chinese authorities’ change of policy momentum yesterday.

To the day ahead now, and data releases from the US include the NFIB’s small business optimism index for November. In Italy, we’ll also get industrial production for October.

2B) European report

European equities tilt lower, USD gains & AUD lags after RBA’s dovish hold – Newsquawk US Market Open

Tuesday, Dec 10, 2024 – 06:07 AM

• European bourses are mostly on the backfoot; US futures trade indecisively around the unchanged mark.
• USD outmuscles peers, AUD lags after the RBA delivered a dovish hold.
• Choppy trade for European paper, US awaits 3yr supply.
• Crude edges slightly lower and base metals pare back recent strength.
• Looking ahead, US Unit Labor Costs Revision, EIA STEO, Supply from US.

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EUROPEAN TRADE

EQUITIES

• European bourses began the session entirely in the red and have continued to traverse the bottom end of today’s range throughout the morning. The pressure is seemingly a paring back of the prior day’s upside and as traders react to the poor performance in Wall St. in the prior session.
• European sectors hold a strong negative bias, in-fitting with the pressure seen across the complex. There are only a handful of sectors in positive territory, and with the breadth to upside marginal; Healthcare incrementally tops the pile, followed closely by Autos and Travel & Leisure. And in a turn of fortunes from the prior day, Basic Resources and Consumer Products both give back some of the strength seen on Monday.
• US equity futures have traded on either side of the unchanged mark, but have been edging higher in recent trade.
• White House says the Commerce Department has made a > USD 6.1bln investment in Micron (MU).
• Oracle (ORCL) Q2 adj. EPS 1.47 (exp. 1.48), revenue USD 14.1bln (exp. 14.12bln). Sees Q3 EPS between 1.50-1.54 (exp. 1.57), sees Q3 revenue growth between +9-11%, sees cloud revenue growth between +25-27%. Guides FY25 revenue in the double-digits, cloud revenue projected at USD 25bln.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• DXY is up for a third consecutive session and has been growing in strength throughout trade. From a macro perspective, markets are currently in waiting mode ahead of tomorrow’s CPI report which is expected to see a +0.3% M/M outturn for core CPI. DXY has gained a firmer footing on a 106 handle with a current session high at 106.41.
• EUR is a touch softer vs. the USD with not a great deal in the way of fresh macro drivers for the Eurozone. EUR/USD has slipped below yesterday’s 1.0532 low with focus on a potential test of 1.05.
• JPY is extending on yesterday’s losses vs. the USD with USD/JPY advancing further on a 151 handle. Fresh JPY drivers remain light in the run-up to the BoJ’s December meeting with odds of a 25bps hike now at 28% vs. 42% seen at the start of last week. The next upside targets come via the 28th November high at 151.95 and then the 200DMA at 151.98.
• GBP is trivially firmer vs. the USD as UK macro drivers remain light. For now, Cable is tucked within a 1.2736-65 range.
• AUD is the laggard across the majors post-RBA. The central bank maintained its Cash Rate at 4.35% as widely expected, but struck a dovish tone as it expressed confidence that inflation is moving sustainably towards the target. NZD/USD is lower but holding above Monday’s 0.5804 trough.
• PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.2806 (prev. 7.1870)
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• USTs are incrementally extending on Monday’s losses following a bout of selling pressure in early European trade. Data focus will ultimately be on Wednesday’s inflation report, but ahead of that the US 3yr auction later today. The Mar’25 UST contract is below yesterday’s 111.04 low with the next target coming via Friday’s trough at 110.28+.
• A particularly choppy morning for German paper with the Mar’25 Bund contract continuing to oscillate around the 136 mark. French paper is marginally outpacing its German counterpart with the DE/FR spread narrowing to 74bps vs. yesterday’s opening levels of 76bps but wider than Friday’s 72.4bps trough.
• Gilts are a touch lower with UK paper having moved broadly sideways in recent sessions and as UK-specific updates remain light. Mar’25 Gilt is back below the 96.00 mark with a session low @ 95.42, whilst the corresponding 10yr yield briefly rose above 4.3% for the first time since November 28th.
• UK sells GBP 1.5bln 0.75% 2033 I/L Gilt: b/c 3.39x (prev. 3.17x) and real yield 0.745% (prev. 0.486%).
• Click for a detailed summary

COMMODITIES

• Choppy trade in the crude complex thus far in what has been a catalyst thin session; Brent’Jan 2025 currently sits towards the bottom end of a USD 71.71-72.24/bbl, after generally holding an upward bias throughout the morning.
• Precious metals are ever so slightly on a firmer footing, despite a relatively firmer Dollar and amid a catalyst-thin session thus far. Spot gold has gone as high as USD 2,673.79/oz, just ahead of its 50 DMA at USD 2,668.08/oz.
• Base metals hold a strong negative bias, giving back some of the prior day’s gains, which was sparked by a positive China Politburo readout. The pressure seen within the complex is also in-fitting with broader losses in the equities complex in Europe thus far.
• BofA sees TTF Gas prices averaging EUR 40/mwh in 2025; risk of a spike to EUR 75/mwh.
• Click for a detailed summary

NOTABLE DATA RECAP

• German HICP Final YY (Nov) 2.4% vs. Exp. 2.4% (Prev. 2.4%); HICP Final MM (Nov) -0.7% vs. Exp. -0.7% (Prev. -0.7%); CPI Final YY (Nov) 2.2% vs. Exp. 2.2% (Prev. 2.2%); CPI Final MM (Nov) -0.2% vs. Exp. -0.2% (Prev. -0.2%)
• Norwegian Core Inflation MM (Nov) 0.1% vs. Exp. -0.1% (Prev. 0.2%); Consumer Price Index YY (Nov) 2.4% vs. Exp. 2.3% (Prev. 2.6%); Core Inflation YY (Nov) 3.0% vs. Exp. 2.8% (Prev. 2.7%); Consumer Price Index MM (Nov) 0.3% vs. Exp. 0.2% (Prev. 0.6%)

NOTABLE EUROPEAN HEADLINES

• Kantar says UK grocery sales +2.5% Y/Y in the 4 weeks to December 1st; food inflation 2.6%.
• Germany’s engineering group VDMA expects a 2% real terms decline in 2025 (unchanged from prior forecast); 2025 expected to decline 8% in real terms (unchanged from prior forecast).
• IATA Outlook: Global airlines industry to reach a record 5.2bln passengers in 2025; industry set to make USD 26.6bln in profit in 2025 (prev. USD 31.5bln in 2024)

NOTABLE US HEADLINES

• Oracle Corp (ORCL) Q3 2024 (USD): Adj. EPS 1.47 (exp. 1.48), Revenue 14.06bln (exp. 14.12bln). Cloud revenue (IaaS plus SaaS) 5.9bln (exp. 6bln). Cloud Infrastructure revenue (IaaS) 2.4bln (exp. 2.42bln). Cloud Infrastructure revenue (IaaS) in constant currency +52% (exp. +50.9%). Shares fell 7.8 after hours.

GEOPOLITICS

MIDDLE EAST

• “Israeli forces are 20 km from Damascus, according to the Pro-Hezbollah Al Mayaden, as they seized more villages in southern Syria”, according to journalist Elster.
• Israel military spokesperson denies claims army has advanced to within 25km of Damascus; says troops have remained in the buffer zone.
• Israel’s Navy has carried out a large-scale operation to destroy the Syrian army fleet, according to sources cited by Al Arabiya.
• Israel has received intelligence indicating that Hamas is ready to compromise on some of its conditions, according to five Israeli officials cited by NYT.
• “Loud explosions heard in Damascus”, according to AFP journalists; details light.

CRYPTO

• Bitcoin is back on a firmer footing after dipping as low as USD 96k in the prior day vs currently USD 97.8k.

APAC TRADE

• APAC stocks were mostly firmer following a negative Wall Street lead, but with APAC players reacting to China easing its overall monetary policy stance.
• ASX 200 was the regional laggard and failed to benefit from a net dovish RBA, with the index dragged by a poor performance in Tech.
• Nikkei 225 eked mild gains amid the recent JPY weakness, but with gains capped as the currency claws back some losses in APAC trade.
• Hang Seng and Shanghai Comp were the regional outperformers after Politburo said China’s fiscal policy is to be more proactive next year, and monetary policy is to be moderately loose (prev. prudent), marking the first shift in the stance of monetary policy since 2011. Although bourses were off the best levels ahead of the Chinese Central Economic Work Conference.

RBA

• RBA maintained its cash rate at 4.35% as expected, and noted that some upside risks to inflation appear to have eased. RBA noted recent data on inflation and economic conditions are still consistent with these forecasts, and the Board is gaining some confidence that inflation is moving sustainably towards target. RBA also said wage pressures have eased more than expected in the November SMP, and while underlying inflation is still high, other recent data on economic activity have been mixed, but on balance softer than expected in November. Click here for the release.
• RBA Governor Bullock, at the post-meeting presser, said RBA needs to think carefully on policy, recent data have been mixed with some softening; need to see more progress on underlying inflation; the Board did not discuss rate cut or rate hike. She added that she does not know if the RBA will cut rates in February, will have to watch data – wages and demand are slowing. Click here for full comments.

NOTABLE ASIA-PAC HEADLINES

• China is confident in reaching its FY economic targets, CCTV reports; adds that it is willing to continue dialogue with the US, and will manage differences.
• Chinese official development faces challenges next year, according to Xinhua; monetary policy shift means low interest rates
• South Korea’s ruling party is discussing President Yoon’s potential resignation in February or March, with snap elections to follow two months later
• Australian Treasurer Chalmers said he is to consult with the Shadow Treasurer on the makeup of new RBA boards.
• Chinese President Xi said China has full confidence in achieving this year’s economic growth target, via Xinhua.
• China’s Politburo conducts a study session, according to Xinhua.
• South Korea Finance Ministry said recent market volatility is a bit excessive, and will respond with market stabilizing measures, according to Reuters.
• South Korean opposition leader Lee said they will pass the budget today, via Yonhap.
• Japanese Economy Minister Akazawa, when asked about revised Q3 GDP data, said while Japan has not emerged from deflation, a virtuous cycle of wage hikes and passing-through of prices has started, according to Reuters.
• Huawei suppliers to face further US limits under defence bill; firms with Huawei ties risk exclusion from Pentagon contracts, according to Bloomberg. House measures could put more pressure on Huawei’s supply chain.

DATA RECAP

• Chinese Trade Balance USD (Nov) 97.44B vs. Exp. 95.0B (Prev. 95.72B)
• Chinese Imports YY (Nov) -3.9% vs. Exp. 0.3% (Prev. -2.3%)
• Chinese Exports YY (Nov) 6.7% vs. Exp. 8.5% (Prev. 12.7%)
• Australian NAB Business Confidence (Nov) -3.0 (Prev. 5.0)
• Australian NAB Business Conditions (Nov) 2.0 (Prev. 7.0)

2C ASIAN REPORT

3B NORTH KOREA/SOUTH KOREA

3C JAPAN

end

3D. CHINA/TAIWAN/INDO PACIFIC

China/USA

In a War Against China, the US Runs Out of Missiles in a Matter of Weeks, House Committee Finds

America is in no shape to fight China or Russia. Actually the more weapons sent to Ukraine, the weaker America becomes.

If Zelensky succeeds in convincing Biden and crew to invite him into NATO. Trump will have to invoke Article 13 and opt out of NATO as will Hungary and Slovakia and let Europe and Britain embrace Oreshnik. Selective strikes would not just eliminate a military threat but could also set back the European economy by 50+ years. Zelensky is a threat to all of Europe in his bid to stay in power. Ukrainians overwhelming want him gone. Let him move to Paris or London where his wife shops on a regular basis. As it is she is helping local shops prosper with ill gotten wealth. And his vineyard in Italy awaits visitation that he bought from Sting. And there is his pad in Miami when winter comes.

If Zelensky succeeds he will end Europe as it is now. It is a wonder that politicians in Europe do not understand he is playing them all for his gain and not theirs. Because if Ukraine was to become part of NATO Russia would end Ukraine with a very short time and Zelensky with it. That is a fact not fiction. The next 6 weeks will be interesting to say the least. Perhaps we will see the rise of common sense.

https://freebeacon.com/national-security/in-a-war-against-china-the-us-runs-out-of-missiles-in-a-matter-of-weeks-house-committee-finds/

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

Dutch politician Geert Wilders meets Israeli ministers, PM in Israel visit

Wilders expressed his excitement for the visit on social media, and many Israeli officials have thanked him for being a friend and ally.

By JERUSALEM POST STAFFDECEMBER 9, 2024 15:58Updated: DECEMBER 10, 2024 01:21

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Dutch politician Geert Wilders has met with multiple Israeli officials, including Foreign Minister Gideon Sa’ar, Defense Minister Israel Katz, and Knesset speaker Amir Ohana, since arriving in the country on Sunday.

In a post to X/Twitter, Wilders said he would be visiting Samaria on Monday.

He referred to Minister Sa’ar as a “very very good friend.”

Wilders met with Netanyahu hours before his expected testimony in the ongoing corruption trial.

Wilders told Netanyahu that “in 1 year – by crushing Hamas, pulverizing Hezbollah and significantly weakening Iran – he has done more to fight (international) terrorism than the EU has done in the last 70 years!”

So good to meet @gidonsaar again, Minister of Foreign Affairs of #Israel, a very very good friend. pic.twitter.com/qwwd6qVT4C

— Geert Wilders (@geertwilderspvv) December 9, 2024

Wilders’ support of Israel

Wilders has been a staunch supporter of Israel, speaking out against antisemitism in the Netherlands and across Europe. 

During the Amsterdam pogrom in early November, Wilders repeatedly called for justice for the Israelis affected, saying he was ‘speechless’ that the police hadn’t arrested any attackers and called for “immediate, strong measures.”

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

END

ISRAEL/SYRIA/GOLAN HEIGHTS AREA/

Israel strikes bases and military equipment all across Syria, including chemical weapons sites

(JerusalemPost)

Israel Striking Bases & Equipment Across Syria, Including Assad’s Chemical Weapons Sites

Monday, Dec 09, 2024 – 04:40 PM

Israeli warplanes in the last several hours have been conducting major airstrikes against facilities across Syria, just 48 hours after the Assad government’s fall and the entrance of Al-Qaeda linked militant factions into Damascus.

“At least two explosions heard in Damascus have taken place in the area of Barzeh, north of Damascus, where the Syrian Scientific Studies and Research Centre has an office,” several eyewitnesses have told Reuters.

“The SSRC has been sanctioned and previously struck for its links to chemical weapons production under toppled Syrian President Bashar al-Assad,” the report continues. It is a location that Israel first struck all the way back in 2013, and has hit on several occasions since then.

Sensitive military facilities formerly belonging to the Syrian Army and now defunct Assad defense ministry have also been destroyed by Israeli attacks across the south of Syria on Monday.

A weapons warehouse near the Damascus international airport, which has ceased operations, has also been hit. Massive strikes have been reported on Latakia port as well, which giant fireballs lighting up the night sky.

Amid the chaos of the HTS takeover of the country over the last week, and before any type of new government can coalesce in Damascus, it appears Israel is preemptively taking out all military technology and heavy weaponry before anyone else can access it. 

An Israeli broadcast correspondent from Kann writes that “An Israeli source tells me: Israel’s goal is to destroy everything from Assad’s army that could fall into the hands of the rebels – from tanks to missiles. We are destroying the equipment of the Assad army.”

https://x.com/i/status/1866026024695374208

Israel has also expanded its penetration into historic Syrian territory in the south:

After fighting wars on multiple fronts for months, Israel is now concerned that unrest in Syria could spill over into its territory. Israel also views the end of the Assad regime as a chance to disrupt Iran’s ability to smuggle weapons through Syria to the Lebanese militant group Hezbollah.

The Israeli military over the weekend began seizing control of a demilitarized buffer zone in Syria created as part of a 1974 ceasefire between the countries. It said the move was temporary and meant to secure its border.

But the incursion sparked condemnation, with critics accusing Israel of violating the ceasefire and possibly exploiting the chaos in Syria for a land grab.

Indeed ‘exploiting’ the situation for a land grab is precisely what the game plan has likely been from the start, as both Israel and Turkey are the big winners in the Syria crisis, and with Assad gone (having been given asylum in Moscow). The Israeli attacks began even as HTS was making its way toward Damascus from Aleppo and Homs.

🚨 Breaking: Last night Israel 🇮🇱 destroyed all of Syria's 🇸🇾 remaining chemical weapons, missiles, air-defense systems, and air force, including Iranian military positions.

Tens of billion dollars of Iranian investment went down the drain. pic.twitter.com/tM7Mdpcbon

— Dr. Eli David (@DrEliDavid) December 9, 2024

According to more details of what’s been hit in the ongoing Israeli attacks:

New Israeli airstrikes are reported in Syria, targeting an airbase near the capital Damascus.

Al Jazeera reports that the Qabr Essit Airport, used by the ousted Assad regime’s army for helicopters, was hit in the strikes. The airbase is located south of Damascus, close to the town of Aqraba.

Some reports are saying that as many as 100 sites have been struck in the last 12-24 hours, but more is likely to be confirmed when the dust settles. Israel sources are saying 250 or more strikes. Jets and aerial equipment, and runways at bases are being obliterated.

Part of Israel’s aim also seems to be preventing pro-Iranian entities from ever popping up again in Syria, and to finally and definitively dismantle Hezbollah and Shia militias’ arms networks.

⚡️Israeli strikes on Latakia port, Syria pic.twitter.com/VDozyr6gOs

— War Monitor (@WarMonitors) December 9, 2024

Sunni hardline factions are also a feared element, given they could eventually turn the same weapons against Israel, and in the Golan Heights area, and as Israeli troops continue invading the south for a so-called buffer zone.

end

/SYRIA/ISRAEL

Israeli tanks spotted 20 km from Damascus – report

By JERUSALEM POST STAFFDECEMBER 10, 2024 03:51

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Israeli tanks were spotted approximately 20 km from Damascus, Israeli media reported on Tuesday morning, citing Arab media. 

END

Hezbollah media claims Israeli tanks crossed Syria buffer zone boundary, reached outskirts of Damascus

The Hezbollah-affiliated Al-Mayadeen news outlet reports that Israeli tanks have advanced beyond the boundaries of the Golan Heights buffer zone in Syria that it moved troops into earlier this week.

According to the unverified report from the Lebanese outlet, the tanks progressed past the abandoned buffer zone town of Qunaitra before stopping near Qatana, a southern Syria city just over 21 kilometers away from the capital city of Damascus.

The report further that Israeli troops also entered several villages on the outskirts of Damascus.

There is no immediate comment from the IDF on the report.

END

IDF Tanks Reach Just 25km From Damascus As Netanyahu Declares Golan Is ‘Ours Forever’

Tuesday, Dec 10, 2024 – 10:00 AM

With Assad overthrown and Syria in shambles, Israel has declared the permanent annexation of the Golan Heights. “The Golan Heights,” announced Prime Minister Benjamin Netanyahu, “will forever be an inseparable part of the State of Israel.”

He said that control over this historical Syrian territory “guarantees” Israel’s security and sovereignty and is of “great importance”. The announcement came as Israel pounded with airstrikes numerous Syrian bases, abandoned army assets, parked warplanes and helicopters, and even naval ships off Latakia.

The attacks kept going throughout the night, as Israeli and international sources describe:

Regional security sources and officers within the now-fallen Syrian army who spoke to Reuters described Tuesday morning’s airstrikes as the heaviest yet, hitting military installations and airbases across Syria, destroying dozens of helicopters and jets, as well as Republican Guard assets in and around Damascus.

“The rough tally of 200 raids overnight had left nothing of the Syrian army’s assets, said the sources,” the report adds.

Netanyahu further hailed that this signals the start of a “new and dramatic chapter” in the history of the Middle East. He called Assad a “central element of Iran’s axis of evil” but that Iran over-invested and everything collapsed.

Israeli media has further confirmed that after Israeli forces crossed the Golan area deeper into southern Syria, establishing a so-called security and buffer zone, IDF tanks are closer to the Syrian capital than ever before in history.

The Times of Israel details:

An Israeli military incursion into southern Syria has reached about 25 kilometers (16 miles) southwest of the capital Damascus, two regional security sources and one Syrian security source says.

The Syrian security source says Israeli troops reached Qatana, which is 10 kilometers (6 miles) into Syrian territory, east of a demilitarized zone separating the Golan Heights from Syria.

Despite the claims, the IDF has indicated that it only plans to operate on the ground inside the buffer zone, and not beyond it.

Some critics of the now ruling Hayat Tahrir al-Sham (HTS) have pointed out that this supposed “revolution” has resulted in a situation where Turkey is carving up the north and Israel is carving up the south, while the whole country is defenseless, without anti-air protection, against Israeli strikes.

This morning, the Israeli army reached Qatana, about 20 kilometers from Damascus. Israel is advancing into Syrian territory to fulfill Netanyahu's vision of a “Greater Israel.” Last night, Israel claimed to have conducted its biggest air operation in history against Syria. pic.twitter.com/oaWOi7UuTh

— red. (@redstreamnet) December 10, 2024

Meanwhile Israeli Defense Minister Israel Katz also had a message in the wake of the dramatic changes in Syria. He warned HTS and the armed factions now in control, saying that if they threaten Israel they will be attacked relentlessly:

“The IDF has acted in the last few days to attack and destroy strategic capabilities that threaten the State of Israel,” Katz says, warning the rebels that “whoever follows [ousted president Bashar] al-Assad’s footsteps will end up like Assad did. We won’t allow an extremist Islamic terror entity to act against Israel from beyond its borders… we will do anything to remove the threat.”

On Sunday into Monday, Israeli warplanes had also targeted Syria’s chemical weapons stockpiles, but it’s unlikely that they were able to destroy everything. More sporadic attacks are expected, and the situation remains extremely fluid and unpredictable.

END

SYRIA

ROBERT H

On Syria today

Large columns of the IAC have departed Iraqi Kurdistan for Syria, and coalition forces have reportedly entered Tabqa. Sensing that Arab tribes within the SDF are defecting to terrorist factions, the Americans decided to enter the fray directly. THIS IS NOT GOOD FOR THE AMERICANS THERE. OIL PROTECTION JUST GOT A LOT WORSE!

And Erdogan? Stripped of oil and phosphates, he’s left with Latakia oranges, tomatoes, and the weight of millions in the shattered refugees of Syria. The cunning Sultan just got a sharp slap from his Western overlords…. let’s see how long his balancing act holds. His dreams of Ottoman Empire building may not go over well. Israel wastes no time as its’ tanks are only 40km from Damascus. The city is in chaos as should be expected. People who were celebrating yesterday may well shed tears tomorrow. 

The U.S. intervention reeks of desperation. Proxies flipping, resources dwindling, and the empire resorts to stepping into its own quagmire. For Erdogan, this is a stark reminder: dancing on two chairs only works until both get pulled out from under you.

 Joe says “ I did it” 

SYRIA /ISRAEL/IRAN/KURDS/SYRIAN GOVERNMENT FORCES/TURKEY/RUSSIA//opinion

winners and losers with the fall of Assad!

(jerusalemPost)

Assad falls, Khamenei wobbles: Will events in Syria lead to something similar in Iran? – analysis

The fall of Assad may trigger a dynamic of internal unrest that challenges the regime more than anything has in the past. 

By HERB KEINONDECEMBER 9, 2024 20:32Updated: DECEMBER 9, 2024 21:39

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“Hezbollah is the victor,” Iran’s Supreme Leader Ayatollah Ali Khamenei posted on X/Twitter on September 25, a week after beepers and walkie-talkies exploded in the hands of Hezbollah operatives across Lebanon, in what will surely go down as one of the most off-the-mark social media posts of all time.

He added absurdity to arrogance when, a few hours later, he posted again: “The Resistance Front and the Hezbollah Front will be the ultimate victors in this battle.”

Two days later, Hezbollah’s leader, and Khamenei’s prized protégé, Hassan Nasrallah, was assassinated. Just over two months after that, Syrian president Bashar al-Assad, the linchpin of Iran’s so-called Resistance Front, fled to Russia, his regime in ruins.

Talk about social media posts that did not age well.

In the avalanche of post-mortems since the Assad regime’s collapse – the ones that list the winners and losers from this development – Iran tops the list of losers, followed by Hezbollah. Russia, which had propped up Assad no less than Iran but whose investment in the country and Hezbollah was not nearly as great as that of Iran, was a close third.

A staggering loss

Iran’s loss is staggering. Assad’s fall toppled the crown jewel of the arc of resistance that Iran spent over 35 years constructing as a counterbalance to Israel and American influence in the region. The removal of this cornerstone has effectively dismantled the arc.

Sure, the Houthis still remain, as do the Iraqi militias, and a vastly weakened Hezbollah, but what was once a unified axis of resistance has devolved into a collection of loosely aligned forces. The cohesion, strategic utility, and ideological power that once defined Iran’s regional proxy network have all but evaporated.

That Iran’s ability to project power in the region has been reduced tremendously, that its hegemonic designs have been set back light years, is clear for everyone. This has to do with the impact the fall of Assad has had on Iran’s foreign policies. But what about internal developments? What impact, if any, will the fall of Assad have on internal Iranian developments?

Yes, Assad’s fall represents a significant strategic setback for Iran, but not only that. It is also likely to have a huge domestic impact as well.

Assad was hated by millions of his countrymen, who celebrated his fall. Likewise, Khamenei is hated by millions of his countrymen. Could Assad’s fall send shockwaves that will impact the rule of the Ayatollahs?

---

---

While it is premature to say that the developments in Syria will have a domino effect in Iran – Iran is a much bigger country with a strong army and internal security service, and the opposition forces there remain fractured and lack central leadership – at the very least, what happened in Syria will certainly boost the morale of the country’s opposition forces, who may conclude that if Assad can fall, so can Khamenei.

Further, the lightning manner in which a regime that was in power for decades fell could serve as a powerful inspiration for Iranians seeking change in their country. Just as many Syrians thought it could never be done, so too many Iranians cannot imagine the reign of the Ayatollahs falling. The events in Syria over the last 10 days could give them hope.

The return of Trump

The changing regional dynamic, together with the return of President-elect Donald Trump in a little more than a month, could further complicate the domestic situation for the Iranian government.

Increased international pressure could exacerbate an already very difficult economic situation, fueling greater domestic discontent. The loss of Syria further complicates Iran’s economic situation as the loss of ports on the Syrian coast, and strategic trade routes through Syria, is a serious setback to the economy.

Iran invested billions in Syria – including in oil and gas infrastructure, telecommunications, and reconstruction projects. That is now money thrown down the drain. In addition, Iran provided Syria with much of its oil, and Assad’s fall could have a significant impact on Iran’s oil revenues. The loss of economic concessions in Syria will be a significant blow to an already reeling economy.

Furthermore, the collapse of a long-standing authoritarian ally like Assad will highlight the potential vulnerability of Iran’s government – a perception that could encourage Iranians to view their leaders as more susceptible to pressure than in the past. The blows that Iran took at Israel’s hands, and its inability to prevent Assad’s fall, also present the regime to its people as weak.

The events in Syria could very well reinvigorate the Iranian opposition, which has been relatively quiet since the so-called hijab protests in 2022. The fall of Assad may be seen as proof that with more effort, and help from outside forces, even entrenched authoritarian regimes like those in Iran can be unseated.

Iran has a history of protests triggered by various factors, including economic problems, political issues, and concerns over water. The country’s current setbacks – the population seeing that billions of dollars Iran has invested in its proxy projects are going up in smoke – could fuel anger leading to more unrest. Even before Hamas was defeated, Hezbollah decapitated and Assad fell, Iranian protesters chanted about how their money was being wasted on projects abroad.

This is also something that Iran’s leaders know well, which is why Iran’s leaders are likely to double down in their efforts to keep a lid on any bubbling unrest.

This being the case, the Iranian regime may respond in a number of various ways.

One way would be to increase repression to prevent any Syrian-inspired uprisings. Another possibility would be to offer some superficial reforms or concessions to try and appease potential protestors.

The third and most dangerous scenario, from an Israeli perspective, would be a rapid push toward nuclear weapons. Feeling the walls closing in, Tehran might conclude that only a nuclear deterrent could secure the regime’s survival. However, Iran’s leaders – which following the Israeli attack there in October is more penetrable than ever before – surely realize that such a move could prompt a devastating Israeli strike.

The fall of Assad – by undermining Iran’s power and influence in the region, adding another blow to the economy, and potentially inspiring opposition groups – could lead to a dynamic of internal unrest that may challenge the regime.

“Hezbollah is the victor,” Khamenei wrote on September 25. Doubtful if even he believes that today.

end

SYRIA/ISRAEL

Israel is destroying all known military bases and hardware. They are leaving nothing to chance

(JerusalemPost

IAF strikes Syrian military bases following collapse of Assad regime

“Israel does not intervene in the internal Syrian conflict,” Israeli ambassador Danon wrote, emphasizing that the strikes were specifically aimed at ensuring the safety of Israeli citizens.

By JERUSALEM POST STAFF, REUTERSDECEMBER 9, 2024 21:46Updated: DECEMBER 9, 2024 23:54

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The Israeli air force struck at least three military bases that housed dozens of helicopters and jets across Syria as Bashar al-Assad’s regime forces withdrew.

דיווחים: עשרות תקיפות של חיל האוויר על בסיסי צבא ושדות תעופה של המשטר הסורי הקודם של אסד@Doron_Kadosh pic.twitter.com/jAFo2x6yf0

— גלצ (@GLZRadio) December 9, 2024

Qamishli air base in north east Syria, Shinshar base in the countryside of Homs and Aqrba airport southwest of the capital Damascus were all hit, Syrian security sources said.

It has also waged several strikes on a research center on the outskirts of Damascus and a center for electronic warfare near Sayeda Zainab area of the capital.

According to Reuters several Syrian military vessels were sunk in their home port by the IAF.

Necessary to address security threats

In a letter to the United Nations Security Council, Israeli Ambassador Danny Danon described the military actions as “limited and temporary” measures necessary to address immediate security threats.

“Israel does not intervene in the internal Syrian conflict,” Danon wrote, emphasizing that the strikes were specifically aimed at ensuring the safety of Israeli citizens, particularly those residing in the Golan Heights. He reaffirmed Israel’s commitment to the Disengagement agreement that was made on May 31, 1974 between Israel and Syria.

Israeli Defense Minister Israel Katz has instructed the IDF to intensify its activities along the Syrian border following the Syrian military’s recent occupation of Mount Hermon. The IDF has been directed to establish a security zone beyond the buffer area while fostering ties with local populations, including the Druze community, to enhance stability in the region.

end

ISRAEL/SYRIA/SYRIAN NAVY

Israel destroys Syrian navy and basically all of former Assad military assets

(Times of Israel)

Israel pounds Syrian military sites; regional sources claim ‘nothing left’ of army assets

IDF denies ground forces in Golan have advanced beyond buffer zone toward Damascus; at the same time, Israeli Navy operates to destroy toppled Assad regime’s fleet

By Emanuel Fabian Follow
and AgenciesToday, 1:03 pm

People pick up metal and unexploded ammunition from the site of the previous evening’s Israeli airstrike that targeted shipments of weapons that belonged to Syrian government forces in Qamishli, in mainly Kurdish northeastern Syria, on December 10, 2024. (Delil Souleiman/AFP)

Israel pounded Syrian army bases on Tuesday in strikes it says aim to keep weapons from falling into hostile hands, but denied its forces had advanced into Syria, toward Damascus, beyond a buffer zone at the border.

Regional security sources and officers within the now-fallen Syrian army who spoke to Reuters described Tuesday morning’s airstrikes as the heaviest yet, hitting military installations and airbases across Syria, destroying dozens of helicopters and jets, as well as Republican Guard assets in and around Damascus.

The rough tally of 200 raids overnight had left nothing of the Syrian army’s assets, said the sources.

The Israeli Air Force has carried out over 300 airstrikes in Syria since the collapse of the regime, destroying advanced weapons and other capabilities.

Strikes reportedly carried out by Israel in Damascus’s Barzeh area completely destroyed a defense ministry research center, AFP correspondents reported on Tuesday. Western countries including the United States struck the facility in 2018, saying it was related to Syria’s “chemical weapons infrastructure.”

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The IDF had yet to comment broadly on the strikes, but military sources said that the Navy had carried out a large-scale operation Monday night to destroy the former regime’s naval fleet, amid a wave of operations to take out military assets lest they fall into hostile hands.

An aerial photo shows Syrian naval ships destroyed during an overnight Israeli attack on the port city of Latakia on December 10, 2024. (Aaref Watad/AFP)

The Israeli operations in Syria came in the wake of a lightning offensive by rebel forces there, which on Sunday toppled the regime of Bashar al-Assad in a dramatic two-week chapter of a civil war that began in 2011, and which had been locked in a stalemate for years.

Following the regime’s fall, Israel moved to destroy regime weapons sites before they could fall into the hands of forces hostile to Israel, amid the chaotic takeover by rebel groups, many of whom were originally associated with al-Qaeda and other jihadist groups.

Numerous Syrian navy vessels armed with sea-to-sea missiles were destroyed in strikes carried out by Israeli Navy missile boats Monday night at the Minet el-Beida bay and Latakia port on the Syrian coast, according to military sources.

A man stands amid the rubble as parts of the Barzah scientific research center north of Damascus continue to burn on December 10, 2024, following an Israeli airstrike the previous day. (Louai Beshara/AFP)

At the same time, Israel denied reports that its ground forces had gone beyond a buffer zone in the Golan Heights that the IDF seized on Sunday and stressed that its control of that area was a temporary, defensive measure.

“Reports circulating in some media outlets claiming that IDF troops are advancing or approaching Damascus are completely incorrect,” Col. Avichay Adraee, the IDF’s Arabic-language spokesman, wrote on X.

“IDF troops are present inside the buffer zone and at defensive positions close to the border in order to protect the Israeli border,” he added.

A bombed hangar on the day after the Israeli military was said to have hit weapons depots near the Mezzeh military airbase, outside Damascus, on December 9, 2024. (Bakr Alkasem/AFP)

The comment came after Reuters, citing two regional security sources and one Syrian security source, claimed that troops reached “Qatana.” It was unclear whether the report was referring to the Qatana district, parts of which abut the buffer zone, or the town of Qatana, which is around 25 kilometers (15.5 miles) from Damascus and east of the buffer zone.

Israel has said it will not become involved in the conflict in Syria and that its seizure of the buffer zone established in 1974 was a defensive move.

Egypt, Qatar and Saudi Arabia condemned the incursion into the buffer zone. Saudi Arabia said the move would “ruin Syria’s chances of restoring security.”

The UN special envoy for Syria, Geir Pederson, also called on Tuesday for Israel to stop its operations in Syria.

In this March 21, 2019 file photo, United Nations special envoy to Syria Geir Pederson speaks with Lebanese Foreign Minister Gebran Bassil, at the Lebanese foreign ministry in Beirut, Lebanon (AP Photo/Bilal Hussein, File)

“We are continuing to see Israeli movements and bombardments into Syrian territory. This needs to stop. This is extremely important,” Pedersen told reporters in Geneva.

Israel said its airstrikes would carry on for days, but told the UN Security Council that it was not intervening in Syria’s conflict. It said it had taken “limited and temporary measures” solely to protect its security.

SYRIAN REBELLION

ROBERT H:

The Syrian demise- it is all about oil and gas

The US approach for years has been FULL SPECTRUM DOMINANCE, which is the control of all land, seas, and airspace, as well as outer space and even cyberspace. To accomplish this program all tactics were used from outright military invasion to color revolutions to creating Washington friendly regimes, even in places like the Ukraine and Georgia. It is also why Romania has seen their choice in elections nullified as it is a challenge not to be accepted. So far Georgia has been able to resist being used as a means of encircling Russia. For the same reason Russia cannot allow NATO on its’ doorstep in Ukraine. And in a temporary trade off both Hungary and Slovakia need Russian gas via Ukraine not to collapse. The likes of Germany can be caused to pay. Soon enough they will buy gas and oil through Western hands as a customer wrestled away from Russia. India will lose out on reselling Russian oil and this will affect Russia in the future. It will be a blow to their currency as they resell Russian oil in Euro’s and USD.  This will also put pressure on them buying Russian oil as Rupee is not in short supply in Russia. It is why the Northern Sea trade route is very important to India. London will be a winner in Forex trade that was declining. This US approach was broken by Russia, establishing and demonstrating escalation dominance that is non-nuclear. The use of Oreshnik (hazelnut) broke the US approach by simply ending it. Thus causing a need to invoke imminent actions to prevent Western USD threat and possible collapse. The West could not survive without a grab for oil control to keep the USD system going forward. This is simply a realignment of interests of powers where hegemony is dictated by energy availability and control to hold balance. Pipelines safely carry oil and gas away from Houthis while sea traffic is no longer immune from threat. Hypersonic missiles take their toll whether it is tankers or Western military ships. Both cannot protect themselves from this threat. Thus American sea dominance is no more in the region. The Bush-Cheney strategy of controlling “all oil everywhere” is still very much underway. Syria is just on the list of expendables. Places like the Golan Heights have been coveted by US hands for a long time. 

Russia, the world’s second largest oil producer and by far the largest natural gas producer and exporter, appeared to have broken away from a web of hostile regimes. It has with the help of China seized back control of the Caspian gas and oil deposits and redirected them away from Western entanglements. And cast forth both pipelines and trade routes that are shielded from Western tinkering. 

One may not be aware that the US has been selling oil for dollars to enhance its’ ability to pay for goods. Control of pipelines and pipeline routes is key to taking and controlling oil and gas. Contrary to environmental fools the world runs on oil and gas and will continue to do so for an extended period of time. The old dreams of pipelines from Qatar running through Iraq and Syria and Turkey are now very much in play. How the HTS is handled is best seen in US bombing over the weekend. After all the CIA has been funding them for a long time as expendables for political gain. And the HTS has already openly stated that they will negotiate and accommodate Russian bases. 

It helps that all Middle East military is weak in nationalist fights and most Generals should wear their price on their sleeves for-easier reference. The only force Syria had that was worthwhile the SAA ‘Tiger” Brigade which originated as a private military unit. And Assad for all his faults was basically sabotaged by the hodgepodge elites with the Alawites at its’ core who loved their privileges and useless generals. He should have listened to Muammar Gaddafi who told him he would be next. After Syria expect Jordan to be next. 

The wild card is Turkey, whose Sultan dreams of restoring the Turkish empire. Syria while around for some time was given birth in the breakup of the Ottoman empire. What happens as minorities like Kurds seek statehood is anyone’s guess. But we can be sure that blood will be spilled. How Damascus fairs as the 4th most important city in the region remains to be seen. It has seen many an empire pass through and much blood spilled in the wake. No doubt Sharia law will be now prevalent. Whether there is religious tolerance as before is unlikely. Thus  new refugees will commence. Even if current ones return. It is simply the history of the land. 

As for Russia losing Assad is annoying but tolerable as his regime was never strategic. However for Iran and its influence in the region, it is a heavy blow. Iran will likely take this opportunity to focus on self interest over trying to extend their influence. And they will receive support in this from China and Russia as a Western buffer to Eurasia. It helps that they are a nuclear power in the short run. However their ballistic missiles are being revamped to make them more destructive without needing the nuclear option. Hypersonic missiles similar to what Russia has changes the need for nuclear deterrence. Nuclear power in missiles is going to fade away as a realistic means to threat unless a nation wishes to be a pariah. 

The board may have changed but the fight of hegemony is still very much on. 

END

SYRIA

This is good! Syrian rebels tap a transitional PM and vow not to tell women how to dress

(AP)

Syrian rebels tap transitional PM, vow not to tell women how to dress

Adjusting to control of country after ousting Assad, rebels under former al-Qaeda commander say they will guarantee personal freedoms; outgoing premier says government functioning

By AP and ToI Staff9 December 2024, 6:56 pm

A Syrian opposition fighter mans a checkpoint in the aftermath of the opposition take over of the city in Damascus, Syria, December 9, 2024. (Omar Sanadiki/ AP)

Syrian rebel leaders on Monday tapped Mohammed al-Bashir to run the country’s transitional government following the ouster of Bashar al-Assad.

Bashir ran the rebels’ administration in a small pocket of rebel-held territory in northern Syria before the 12-day lightning offensive that swept into Damascus and toppled the regime.

The Saudi Al Hadath outlet reported that Bashir met with outgoing Syrian Prime Minister Mohammed al-Jalali in Damascus, who said Monday that he would cooperate with “any leadership chosen by the Syrian people.”

Jalali said Monday that most cabinet ministers are still working from offices in Damascus, as streams of refugees crossed in from neighboring countries, hoping for a more peaceful future.

But there were already signs of the difficulties ahead for the rebel alliance now in control of much of the country, which is led by a former senior al-Qaeda militant who severed ties with the extremist group years ago and has promised a representative government and religious tolerance.

Israel said it was carrying out airstrikes on suspected chemical weapons sites and long-range rockets to keep them from falling into the hands of extremists. Israel also seized a buffer zone inside Syria after Syrian troops withdrew.

In northern Syria, Turkey said allied opposition forces seized the town of Manbij from Kurdish-led forces backed by the United States, a reminder that even after Assad’s departure to Russia, the country remains split among armed groups that have fought in the past.

NEW 🧵– #Syria's on-the-ground transition is underway — as #HTS leader Jolani, Salvation Gov't PM Mohammed al-Bashir & outgoing #Assad-appointed PM Mohammed al-Jalali are meeting in #Damascus.

Bashir is to be named #Syria's transitional Prime Minister. pic.twitter.com/TB8a94beDg

— Charles Lister (@Charles_Lister) December 9, 2024

The Kremlin said Russia has granted political asylum to Assad, a decision made by President Vladimir Putin. Kremlin spokesperson Dmitry Peskov declined to comment on Assad’s specific whereabouts and said Putin was not planning to meet with him.

Damascus was quiet on Monday, with life slowly returning to normal while most shops and public institutions were closed. In public squares, some people were still celebrating. Civilian traffic resumed, but there was no public transportation. Long lines formed in front of bakeries and other food stores.

There was little sign of any security presence, and Associated Press reporters saw a few SUVs on the side of a main boulevard that appeared to have been broken into.

In some areas, small groups of armed men were stationed in the streets. A video circulating online showed a man in military fatigues holding a rifle and attempting to reassure residents of the Mezzeh neighborhood in Damascus that they would not be harmed.

“We have nothing against you, neither Alawite, nor Christian, nor Shiite, nor Druze, but everyone must behave well, and no one should try to attack us,” the fighter said.

Syrian opposition fighters man a checkpoint in Damascus, Syria, December 9, 2024. (Omar Sanadiki/AP)

Outgoing PM says government still operational

Jalali, who remained in his post after Assad and most of his top officials vanished over the weekend, has sought to project normalcy.

“We are working so that the transitional period is quick and smooth,” he told Sky News Arabia TV on Monday, saying the security situation had already improved from the day before.

He said the government was coordinating with the insurgents, and that he was ready to meet rebel leader Ahmad al-Sharaa, formerly known as Abu Mohammed al-Golani, who made a triumphal appearance at a famed Damascus mosque on Sunday.

Syrians arrive to cross into Syria from Turkey at the Cilvegozu border gate, near the town of Antakya, southern Turkey, December 9, 2024. (Metin Yoksu/AP)

Syrians who only days ago were working at all levels of the bureaucracy in Assad’s government were adjusting to the new reality.

At the Court of Justice in Damascus, which was stormed by the rebels to free detainees, Judge Khitam Haddad, an aide to the justice minister in the outgoing government, said Sunday that judges were ready to resume work quickly.

“We want to give everyone their rights,” Haddad said outside the courthouse. “We want to build a new Syria and to keep the work, but with new methods.”

The rebels said they would guarantee personal freedoms and would not impose Islamic dress on women.

“It is strictly forbidden to interfere with women’s dress or impose any request related to their clothing or appearance, including requests for modesty,” the General Command said in a statement on social media.

Separately, a Syrian opposition war monitor said a top aide to Assad’s brother, Maher, was found dead in his office near Damascus. A video that circulated on social media purportedly showed Maj. Gen. Ali Mahmoud covered with blood and with his clothes burned. The Britain-based Syrian Observatory for Human Rights said it was not clear if he was killed or died by suicide.

Maher Assad led the army’s 4th Armored Division, which played a major role in the civil war that erupted in 2011, after a popular uprising against Assad led to a violent crackdown on dissent and the rise of an insurgency.

A bombed hangar on the day after the Israeli military hit weapons depots near the Mazzeh military airport, outside Damascus, on December 9, 2024. (Bakr ALKASEM / AFP)

Israel hits suspected chemical weapons, rockets

Israelis welcomed the fall of Assad, who was a key ally of Iran and Lebanon’s Hezbollah terror group, while expressing concern over what comes next. Israel says its forces temporarily seized a buffer zone inside Syria dating back to a 1974 agreement after Syrian troops withdrew in the chaos.

“The only interest we have is the security of Israel and its citizens,” Foreign Minister Gideon Sa’ar told reporters on Monday. “That’s why we attacked strategic weapons systems, like, for example, remaining chemical weapons, or long-range missiles and rockets, in order that they not fall in the hands of extremists.”

Sa’ar did not provide details about when or where the strikes took place.

An AP journalist in Damascus reported airstrikes in the area of the Mezzeh military airport, southwest of the capital, on Sunday. The airport has previously been targeted in Israeli airstrikes. Strikes were also heard in the capital on Monday.

The Syrian Observatory of Human Rights said Israeli warplanes launched airstrikes targeting Mezzeh military airport in Damascus.

The Israeli Defence Forces have deployed troops into Syria, according to its chief of staff.https://t.co/XWAFmEqCLX pic.twitter.com/7o6wjs0d0E

— Sky News (@SkyNews) December 8, 2024

Israel has carried out hundreds of airstrikes in Syria in recent years, targeting what it says are military sites related to Iran and Hezbollah.

Syria agreed to give up its chemical weapons stockpile in 2013, after the government was accused of launching an attack near Damascus that killed hundreds of people. However, it is widely believed to have kept some of the weapons and was accused of using them again in subsequent years.

Turkey says its allies have taken northern town

Officials in Turkey, which is the main supporter of the Syrian opposition to Assad, said its allies had taken full control of the northern Syrian city of Manbij from a US-supported and Kurdish-led force known as the Syrian Democratic Forces, or SDF.

The SDF said a Turkish drone struck in the village of al-Mistriha in eastern Syria, killing 12 civilians, including six children.

Israeli soldiers sit on top of a tank along the so-called Alpha Line that separates the Israeli-annexed Golan Heights from Syria, in the town of Majdal Shams, December 9, 2024. (AP Photo/Matias Delacroix)

Turkey views the SDF, which is primarily composed of a Syrian Kurdish militia, as an extension of the banned Kurdistan Workers’ Party, or PKK, which has waged a decades-long insurgency in Turkey. The SDF has also been a key ally of the United States in the war against the Islamic State group.

Turkish Foreign Minister Hakan Fidan on Monday expressed hope for a new era in Syria in which ethnic and religious groups can live peacefully under an inclusive government. But he warned against allowing Islamic State or Kurdish fighters to take advantage of the situation, saying Turkey will prevent Syria from turning into a “haven for terrorism.”

END

SYRIA REBELLION

HTS Extremists Appoint New Prime Minister Of Syria

Monday, Dec 09, 2024 – 08:55 PM

Via The Cradle

Hayat Tahrir al-Sham (HTS), the former Al-Qaeda affiliate that has just assumed control over Syria, has appointed Mohammad Bashir as the head of a new Syrian transitional authority. Bashir was the prime minister of the HTS-led Salvation Government, which was formed in 2017 and ruled Syria’s northern province of Idlib – where HTS was based before the massive Turkish-backed assault against Syria that began late last month. 

According to reports on Monday, Bashir has been chosen as the new prime minister of Syria, and is coordinating with outgoing Syrian premier Mohammad al-Jalali, who announced on Sunday that he is ready for a “smooth transition” and will cooperate with “any leadership chosen by the Syrian people.”

HTS – formerly known as Al-Qaeda’s branch in Syria, the Nusra Front – has been implicated in numerous atrocities, including kidnapping, public executions, indiscriminate attacks on civilian areas, and other war crimes. 

In 2016, the Nusra Front was rebranded and expanded into Jabhat Fateh al-Sham, a coalition of armed factions with support from Qatar. The following year, Jabhat Fateh al-Sham became HTS in another Qatari-sponsored rebranding initiative aimed at legitimizing the group. 

HTS has been a proscribed terrorist organization by the UN, US, UK, and EU. Despite a large US bounty on the head of HTS leader Abu Mohammad al-Julani, the extremist leader sat with CNN for an interview last week. 

Officials in Washington are considering removing HTS from the US terror list, The Washington Post reported on 9 December. “US officials are in contact with all the groups involved in fighting in Syria, including the main group that ousted Assad, Hayat Tahrir al-Sham (HTS), which was once affiliated with Al-Qaeda and remains on a US terrorist list,” the newspaper wrote. 

No female reporter was required to wear a headscarf when interviewing Bashar al-Assad, Syria's former secular leader. This is NOT progress: pic.twitter.com/x7Add6q3Rx

— Robin Monotti (@robinmonotti) December 9, 2024

A US official told the outlet that the US government has not ruled out removing the terror designation from HTS to enable deeper US contact and cooperation with the group.

“We have to be smart … and also very mindful and pragmatic about the realities on the ground,” the official said.

Another US official said the White House is in the process of conducting a “real-time assessment” about HTS, which took control of Damascus on Saturday after a lightning two-week offensive launched from its stronghold in Syria’s northwest Idlib governorate. 

Meanwhile Syrian embassies around the world are hoisting a new flag:

BREAKING — New Syrian flag has been raised to Syrian Embassy in Moscow.

Diplomats chanted “free Syria” and “Syria belongs to all Syrians” pic.twitter.com/dCQTyQTEgF

— Ragıp Soylu (@ragipsoylu) December 9, 2024

The UK government is also considering removing HTS from the list of banned terrorist groups.

END

SYRIA/TURKEY/IRAN/QATAR

Why are Iran and Turkey moving to condemn Israel’s role in Syria? – analysis

It is interesting how quickly Iran, Turkey and also voices in Qatar have mobilized to single out Israel for critique regarding Syria.

By SETH J. FRANTZMANDECEMBER 10, 2024 14:28Updated: DECEMBER 10, 2024 15:01

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-832831&unitId=2900003088&userId=0825748c-83eb-4fa6-9d99-5d5781551d74&isLegacyBrowser=false&isPartitioningSupport=1&version=20241206_5f355f04495adb53fd278d08050db4e8fc4dbd33&useBunnyCDN=0&themeId=140&unitType=tts-player

Iran and Turkey, as well as media and commentators linked to both countries, are seeking to condemn Israel for its recent bombing of Syrian military sites. They are also condemning Israel for its operations in a buffer zone on the Golan.

The IDF seized the buffer zone and the peak of Mount Hermon after the Syrian regime collapsed on December 8. The IDF has also struck various threats in Syria, such as warplanes and naval vessels so that they do not fall into the hands of enemies.

Why are Iran, Turkey and other countries and groups associated with them seeking to condemn Israel? They want to try to deflect from what is going on in Syria and their own role in the country. Iran has backed militias smuggling weapons in Syria and Turkey illegally occupies a large part of northern Syria. Turkey has carried out numerous airstrikes in northern Syria, targeting Kurdish groups. Turkish-backed militias have also filmed themselves kidnapping women and killing civilians.

These militias, part of the Turkish-backed Syrian National Army, have been murdering and kidnapping people in northern Syria for years, usually under the umbrella of protection by Turkish armed forces.

It is interesting how quickly Iran, Turkey and also voices in Qatar have mobilized to single out Israel for critique regarding Syria. They appear to be positioning themselves to back the new authorities in Damascus and they want to urge the new emerging Syrian government to condemn Israel.

How do the condemnations manifest themselves?

IRNA in Iran, a state media publication, ran numerous articles on December 10 slamming Israel. One article said that Hezbollah had “denounced” Israel’s “invasion” of the Golan Heights.

“The statement emphasized that the hostile invasion of Syrian territory, along with continued violations of the ceasefire in Lebanon and incursions into the Gaza Strip, present a significant threat to regional nations, highlighting the necessity for unity and collective condemnation of the aggressions,” the report said.

Iran condemned Israel officially. “Iranian Foreign Ministry Spokesman Esmail Baghaei Hamaneh strongly condemned the Zionist regime’s repeated encroachment on Syrian infrastructure and the occupation of other parts of the Syrian Golan,” a second report said.

A third report said that “Zionist warplanes” had attacked Syria. The goal of these reports is to pressure the Syrian rebel groups who took over Damascus from Assad to condemn Israel. The goal of Iran and Turkey is to create tension. Doha, which backs Hamas, likely also wants to distract from Hamas crimes in Gaza. Doha recently hosted the Doha Forum where countries such as Iran, Turkey and Russia discussed the future of Syria. They understood Assad was finished, and now they want to angle to take advantage.

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Turkey and Qatar

Meanwhile, Al-Arabiya also reported about Turkey slamming Israel. “The Turkish foreign ministry said on Tuesday that it strongly condemned Israel’s entry into the buffer zone between Israel and Syria and its advance into Syrian territory,” the report said.  “Israel is once again displaying its occupation mentality,” Turkey’s foreign ministry said in a statement. Turkey is trying to become a power broker in Syria. Turkey invaded Afrin in northern Syria in 2018 and ethnically cleansed it of Kurds, moving militias into the area.

Later Turkey also invaded another area in Syria in 2019, effectively controlling around half of the border areas of northern Syria, including areas with hundreds of thousands of Syrians. When the Syrian rebels moved to oust Assad, Turkey ordered militias to attack the US-backed Syrian Democratic Forces, a mostly Kurdish group. Turkey has used the power vacuum in Syria to attack Kurds. Israel has expressed support for Kurds in Syria. Israel’s Foreign Minister Gideon Sa’ar posted a message on December 10 saying “the attacks on Kurds must stop.”

On December 9 Sa’ar said that in a briefing to foreign “I emphasized the importance of protecting minorities in Syria. The attacks on the Kurds, as we saw yesterday in Manbij, must stop! We are discussing this with our friends in the U.S. administration and other countries. The international community has a moral obligation toward those who fought bravely against ISIS and are also a stabilizing force in Syria.”

Qatar has also slammed Israel and it appears that many commentators who are linked to Doha are being mobilized to highlight Israel’s activity in Syria. “The State of Qatar strongly condemns the Israeli occupation’s seizure of the buffer zone with the sisterly Syrian Arab Republic and the neighboring leadership sites, considering it a dangerous development and a blatant attack on Syria’s sovereignty and unity, as well as a flagrant violation of international law,” Doha said on December 9.

The Ministry of Foreign Affairs of Qatar said that it “warns that the policy of imposing a fait accompli pursued by the Israeli occupation, including its attempts to occupy Syrian territories, will lead the region to further violence and tension. In this context, The Ministry stresses the need for the international community to assume its legal and moral responsibilities to compel the occupation to comply with international legitimacy resolutions, as well as to unite in confronting its opportunistic schemes.”

END

RUSSIA/UKRAINE

Trump Tells Putin To Agree To Immediate Cease-Fire In Ukraine After Syria’s Assad Ousted

by Tyler Durden

Tuesday, Dec 10, 2024 – 08:05 AM

Authored by Jack Phillips via The Epoch Times (emphasis ours),

President-elect Donald Trump sent a message to Russian President Vladimir Putin following the collapse of the Assad regime in Syria after Islamist opposition fighters captured Damascus. He called for an immediate cease-fire in Ukraine.

“Assad is gone. He has fled his country,” Trump wrote on Truth Social on the morning of Dec. 8. “His protector, Russia, Russia, Russia, led by Vladimir Putin, was not interested in protecting him any longer. There was no reason for Russia to be there in the first place.”

The incoming president also said that Moscow had “lost all interest in Syria because of Ukraine, where close to 600,000 Russian soldiers lay wounded or dead, in a war that should never have started, and could go on forever.”

Trump then said that Ukrainian President Volodymyr Zelenskyy “would like to make a deal” to end the nearly three-year-long war, noting the loss of hundreds of thousands of Ukrainian soldiers and civilians.

“There should be an immediate cease-fire and negotiations should begin,” Trump said. “Too many lives are being so needlessly wasted, too many families destroyed, and if it keeps going, it can turn into something much bigger, and far worse. I know Vladimir well. This is his time to act.”

Moscow, a backer of Syrian leader Bashar al-Assad, whom it intervened to help in 2015 in its biggest Middle East foray since the Soviet collapse at the end of 1991, is scrambling to protect its position, with its geopolitical clout in the wider region and two strategically important military bases in Syria on the line.

Russia has yet to respond to Trump’s remark, although its foreign ministry confirmed that Assad left Syria amid the conflict.

“As a result of negotiations between B. Assad and a number of participants in the armed conflict on the territory of the Syrian Arab Republic, he decided to resign from the presidency and left the country, giving instructions for a peaceful transfer of power,” the Russian Foreign Ministry said in a statement on Dec. 8. “Russia did not participate in these negotiations.”

Russia operates the Hmeimim air base, in Syria’s Latakia Province, which it has used to launch airstrikes against rebels in the past, and has a naval facility at Tartous on the coast. The Tartous facility is Russia’s only Mediterranean repair and replenishment hub, and Moscow has used Syria as a staging post to fly its military contractors in and out of Africa.

The ministry’s statement said Russia’s two military facilities in Syria had been put on a state of high alert but played down an immediate risk to them.

“There is currently no serious threat to their security,” the ministry said.

Over the weekend, in a separate Truth Social comment, Trump said the United States should not intervene in the Syrian conflict. A top adviser in the Biden administration made a similar remark, stressing that the United States would not send troops to the restive Middle Eastern country.

“The United States is not going to … militarily dive into the middle of a Syrian civil war,” President Joe Biden’s national security adviser, Jake Sullivan, told reporters in California.

Sullivan stressed that the U.S. military would act out of necessity to keep the ISIS terrorist group from gaining a foothold in Syria should it happen.

The insurgents who took over Damascus are led by Hayat Tahrir al-Sham, which the United States has designated as a terrorist group and says has links to the al-Qaeda terror organization, although the group reportedly has since broken ties with al-Qaeda.

One of Hayat Tahrir al-Sham’s main leaders is Abu Mohammed al-Golani, or Muhammad al-Jawlani, who is considered a terrorist by the State Department and has been blamed for a number of terrorist attacks that have left civilians dead in Syria.

The Associated Press to this report.

end

RUSSIA/UKRAINE

6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES

MARK CRISPIN MILLER

Elton John goes blind; Adele fights “agonizing” ear infection; James van der Beek has colorectal cancer; Serena Williams’ husband has thyroid cancer; Alia Bastian has breast cancer

Sean Hayes (“Will & Grace”) in hospital with “heart issue”; George Wendt (“Cheers”) looking “gaunt amid health struggles”; NFL’s Randy Moss asks for prayers over “internal health issue”; & more

Mark Crispin MillerDec 10

READ IN APP

UNITED STATES

‘Will & Grace’ Star Hospitalized After Waking Up With ‘Heart Issue’

November 20, 2024

Will & Grace star Sean Hayes was recently admitted into hospital twice in one night after an ongoing heart issue sparked concerns. Actor Hayes, 54, is living with AFib, or atrial fibrillation, a heart condition that causes an irregular and abnormally fast heart rate. It is associated with an increased risk of serious conditions, including blood clots, stroke, and heart failure. Hayes’ health issues became a talking point on Monday’s installment of his podcast SmartLess, when co-host Will Arnett playfully teased their guest Hugh Grant, who spoke about how exhausting he found flying between London and Los Angeles. Arrested Development star Arnett, 54, responded: “Hugh, you should know this that Sean, two, three nights ago, woke up in the middle of the night with a heart issue, drove himself to Cedars-Sinai [Medical Center]—didn’t wake up his husband.” Arnett added that, once Hayes arrived at the hospital, medics “brought the paddles out, they put [Hayes] under. They paddled them. He drove home.” However, Arnett added, the issues continued. “An hour later, he woke up to use the bathroom again and drove himself back to Cedars and got paddled again,” he said, as Hayes said, “and then we had dinner that night.”

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James Van Der Beek selling ‘Varsity Blues’ merch to help pay for ‘expensive’ cancer treatment

November 30, 2024

James Van Der Beek is feeling the financial strain of funding medical treatments after being diagnosed with colorectal cancer. The actor, 47, encouraged his followers via his Instagram Story Friday to order a football jersey from his 1999 hit movie, “Varsity Blues,” that he promised to have signed in time for Christmas. Last week, Van Der Beek confessed for the first time that he was dealing with the “financial burden” of cancer alongside an Instagram post about his “merch drop.” Earlier this month, the “Dawson’s Creek” alum disclosed he was battling the deadly disease after being forced to go public because an unnamed tabloid had been threatening to release the news.

Link

‘Cheers’ Star George Wendt, 76, Looks Gaunt During Rare Sighting in L.A. Amid Health Struggles

November 22, 2024

On Monday, November 18, the Cheers alum, 76, was spotted on a rare outing at a medical dialysis facility in L.A. George Wendt is looking worse for wear. Though Wendt’s current health struggles have not been made public, in 2012, he was known to have been hospitalized after suffering chest pain. At the time, the father-of-three was performing in a Chicago production when he reportedly underwent coronary bypass surgery due to a constricted artery. In recent years, the Emmy nominee has largely stayed out of the spotlight aside from a couple of appearances, such as his time as a contestant on The Masked Singer in 2023.

Link

Serena Williams’ Husband and Reddit Co-Founder Alexis Ohanian Undergoes Surgery After Cancer Scare

November 29, 2024

Serena Williams’ husband, Reddit co-founder Alexis Ohanian, has revealed he underwent surgery to remove half his thyroid, after a recent cancer scare. The 41-year-old underwent preventative surgery after “tracking some suspicious nodules” in the last four years. “The nodules were getting bigger & the latest biopsy revealed they’d very likely turn cancerous,” he wrote on Instagram Thursday.

Link

Legendary Wide Receiver Randy Moss Asking for Prayers Amid Health Battle

December 1, 2024

On Sunday morning NFL legend Randy Moss [47] took to social media with a message for his fans. He admitted that he’s battling an “internal” health issue after he received messages from fans who thought his eyes looked yellow during last week’s show. The Hall of Fame wide receiver asked for prayers from those willing to give them as he announced he’s battling the health issue. While he didn’t say what exactly he’s dealing with, he asked fans to keep both he and his family in their thoughts.

Link

NFL Fans Are Growing Worried About Longtime Announcer Troy Aikman

December 8, 2024

NFL fans are growing worried about the physical appearance of longtime announcer and former quarterback Troy Aikman. Aikman, 58, has been looking off on Monday Night Football games this season. There’s been something going on with Aikman’s eyes. The three-time Super Bowl-winning quarterback has had red, puffy eyes for many games on ESPN this season. The former Dallas Cowboys quarterback dealt with concussions and back injuries late in his career, forcing an early retirement. The longtime FOX announcer has been with ESPN since the 2022 season. He and his broadcasting partner, Joe Buck, both left FOX for ESPN ahead of the ’22 season. NFL fans have been expressing their worry for Aikman on social media this year. What’s going on with his eyes?

Link

Bishop TD Jakes suffers medical emergency during sermon at Sunday service

November 24, 2024

Bishop TD Jakes suffered a medical emergency while delivering his Sunday sermon. “Oh Lord, my strength, my redeemer, let them go in peace,” the 67-year-old pastor said moments before he dropped his microphone and fell silent. Jakes then began involuntarily shaking in his seat before those around him rushed toward him to offer support. People were heard saying “back up” and “give him some space” as the livestream video was cut off. A voice off-camera then asked attendees at the church and online to “begin to pray.” Soon after the incident occurred, Jakes’ team took to X (formerly Twitter) to share an update on the pastor’s condition. “During today’s service, Bishop T.D. Jakes experienced a slight health incident and received immediate medical attention following his powerful hour long message. Bishop Jakes is stable and under the care of medical professionals,” a statement read. Immediately after the incident, several fans online speculated that Jakes had suffered a stroke, however his team has not disclosed what actually occurred.

Link

Danielle Bregoli Steps Out with Boyfriend Le Vaughn After Cancer Diagnosis News

November 23, 2024

Danielle Bregoli’s spending time with her loved ones amid her difficult cancer diagnosis, stepping out with her boyfriend in the first photos since the news broke. The social media sensation, also known as Bhad Bhabie [21], stepped out in Calabasas Friday with a tight black shirt, matching leggings and Puma slides on. The two laughed and joked together … appearing to be in good spirits despite the devastating news the rapper recently received. Danielle’s appearance here seems to be her first out in public since news of her cancer diagnosis broke, after she posted online and seemed to say she was dealing with the disease. We later confirmed with a family source that she does have cancer and that she’s in a doctor’s care.

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AMA President-elect Bobby Mukkamala, MD, has a brain tumor

November 21, 2024

When Dr. Mukkamala spoke to the AMA Minority Affairs Section earlier this month at the 2024 AMA Interim Meeting in Lake Buena Vista, Florida, the board-certified otolaryngologist and head-and-neck surgeon found himself at a loss for meaningful expression. “In the middle of my speech, for a couple of minutes, I wasn’t making any sense,” said Dr. Mukkamala, who is the AMA’s president-elect and scheduled to be inaugurated as president in June 2025. “It was English, but none of it made any sense.” Many physicians in the room worried that the episode of expressive aphasia was a sign that Dr. Mukkamala, 53, had experienced a transient ischemic attack. However, an urgent-care visit in Florida revealed a normal BP reading and an electrocardiogram showed no signs of atrial fibrillation. Having no issues with the other speaking he did that day or during the rest of the meeting, Dr. Mukkamala waited until returning home to Flint, Michigan, to undergo magnetic resonance imaging (MRI). The MRI revealed an 8 cm temporal lobe tumor on the left side of the brain, one that likely had been growing for years before Dr. Mukkamala recently started noticing small “brain farts,” and not feeling quite as sharp as he’d been as a younger man. Physicians suspect the tumor is a grade 2 glioma. The five-year survival rate ranges between 40–80% depending on the final pathology results. “There’s just no way to know until it’s under a microscope, getting more testing,” said Dr. Mukkamala, who added that the plan is to undergo brain surgery in December to remove the tumor.

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UNITED KINGDOM

Elton John lost his vision from an eye infection. Here’s why that might happen—and how to prevent it

December 2, 2024

Last night, at the charity event for the musical The Devil Wears Prada in London, Sir Elton John, who wrote some of the show’s music, revealed to the audience that he couldn’t see the performance. “As many of you know, I’ve lost my eyesight,” John said. “It’s hard for me to see it, but I love to hear it.” The loss of his eyesight, he says, is a result of an eye infection he’s been dealing with since the summer, according to an Instagram post from September, which has left him with limited vision in one eye.“I unfortunately lost eyesight in my right eye in July,” John said in an interview with Good Morning America on Nov. 25. “It’s been four months now since I’ve been able to see.” John hasn’t disclosed the cause of his eye infection, but the musician admits he has been struggling. 

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Pete Townshend Is Suffering ‘Health Struggles’

December 1, 2024

The Who’s Pete Townshend [79] says he has “suicidal” thoughts every morning. In a new interview with The Sunday Times , the musician opened up about his mental health struggles. “When I first wake up I’m suicidal, actually suicidal,” he said. He went on to say he chooses to wake up between 2am and 5am every day to help his mindset. “I’m still in the state that I was the day before,” he explained. Townshend revealed that he went to a therapist when he was younger, but that he didn’t find it useful at the time. He’s also not a fan of journaling. “If I start my journals before I have my cup of tea, I’ll paint a very bleak picture of my life. Despite the fact that I have everything that I want and everything that I need…And I have had a really extraordinary life,” he said. He now says he’s found a form of therapy that works for him, but is hesitant to suggest solutions to others who may be struggling because he feels that what may work for him may not work for others.

Link

Apparently, the members of the WHO were “vaccinated” in March of 2021, led, according to The Scotsman, by Roger Daltrey:

Link

Original Venom Guitarist Has Left Venom Inc. Due to Health and Personal Problems

December 1, 2024

Jeffrey Dunn [63] has shared a statement on his social media channels, revealing that he’s stepping down from Venom Inc. due to his health issues and personal matters. Dunn, who’s the original guitarist of speed metal and thrash metal pioneers Venom, said that “the last few months have been incredibly difficult on every level,” and added: “To cap it all, only a few days ago, one of my most beloved cats, Spooky, passed away in front of me after a short but very aggressive illness. I was with him every step of the way.” Earlier this year, Dunn suffered a heart attack, and Curran Murphy took over as a temporary replacement. In 2023, the guitarist also had to sit out after revealing that his wife was diagnosed with cancer.

Link

Adele ‘Facing Long Road Back’ After Diva Developed Ear Infection so Agonizing it Left Her Wanting to Chop It Off

November 19, 2024

British songbird Adele has been grounded by an agonizing middle ear infection that’s made her deaf in one ear as doctors warn the bug may spread to her throat and destroy her singing voice while triggering severe vertigo, RadarOnline.com can reveal. A music industry insider said: “This is Adele’s worst nightmare. Her multi-octave voice is everything to her, so this infection can affect her entire career.” The 36-year-old “Rolling in the Deep” hitmaker recently revealed she went partially deaf while battling the stubborn bacterial infection – known as otitis media – described the pain as “worse than childbirth”. She said: “It’s very hard to treat. I was on the wrong antibiotics for a few days, and they managed to give me one that started to work. I wanted to chop my ear off a few times… I’m no longer in pain, which is great, but I’m a bit deaf in my left ear.”

Link

Soap Opera Actress Alia Bastian Hospitalized in Wake of Cancer Diagnosis

November 26, 2024

Former Hollyoaks star Ali Bastian was rushed to the hospital over the weekend amid her ongoing battle with cancer. The actress, who announced in September that she was diagnosed with stage two breast cancer, revealed in a Monday post to her Instagram Story that she was back home after a brief hospitalization at Cork University Hospital A&E. “Thank you so much to all at Cork University Hospital A&E for taking care of me this weekend,” Bastian, 42, wrote overtop a photo of herself enjoying some time outside, per The Sun. “Back home now getting some fresh air and some rest.”

Link

Beloved Game Show Host Rushed to Hospital After Collapsing at Pizzeria

November 29, 2024

Stephen Mulhern, the host of Deal Or No Deal in the U.K., was reportedly rushed to the hospital after collapsing at a pizzeria. According to The Independent, Mulhern, 47, was reportedly dining at a Pizza Express in Sunningdale, England, by himself on Wednesday, November 27, when he began to feel unwell. He was said to have collapsed and was later taken to the hospital. A representative for Mulhern issued a statement to the outlet about the incident noting the presenter had been grappling with major life events recently. “Stephen has had an incredibly tough time over the past few weeks,” read the statement. “His beloved father recently passed away which has hit him hard and has been understandably very stressful. In addition, he had a procedure which took place on Wednesday. Following the anaesthetic that was administered, he had a few drinks which made him unwell and he was taken into hospital as a precaution. He is now back home recovering.”

Link

DR PAUL ALEXANDER

FEAR AND LOATHING IN SYRIA AND NO, YOU ARE NOT STUPID.

The West’s moral compass has lost its way.

Trish WoodDec 9

READ IN APP

I wrote this early this morning for X after a weekend of intense reading and watching the Syrian mess unfold. I hope it is useful and I’m so keen to have you add to what we know.

Update: There is a video out of Damascus just now of the so-called reformed Islamists saying they actually do hate Israel after reports from legacy media all weekend suggesting a softer more cuddly version of the gang that chopped heads, hates women and is already wanting to implement sharia law. I hope this helps.

The crazy stuff you are seeing about Syria is true and will drive you mad looking for moral consistency in Western foreign policy goals. There is none. Sharia law and extreme Islamists are in charge, supported by Israel and the West. Israel is now bombing some Islamists after supporting the ones who aided in the coup. The goal is to cut off Hezbollah supplies headed for Lebanon.

Don’t feel stupid. But also, don’t ever feel confident you know what these lunatics are up to. The talking heads on TV are all idiots, liars or deep state puppets. The point is to keep you confused and overwhelmed so you turn away.

Trish Wood is Critical is a reader-supported publication. To receive new posts and support my work, consider becoming a paid subscriber.

Upgrade to paid

Those of you who saw the ugly face behind the media curtain during Covid — don’t think they are any different on foreign policy stories. The anchors are well-paid fools and shills, the field correspondents are stretched thin and not trustworthy. Of course a chemical weapons story has emerged as the casus belli again, as it did with Saddam, along of course with the fake WMD narrative that rolled Iraq into a disaster it hasn’t recovered from. Syria’s Assad was not exactly a model for democracy and human rights — neither was Saddam but that is not the reason they were removed. Here is what you can be sure of. Men will get rich, civilians will die. Israel will likely gain more territory and hold it until the next round.

The Palestinian cause is flattened, with massive civilian and infrastructure loss and who knows how much damage was actually caused to Hamas. But that wasn’t the point. It was always about a land grab. Netanyahu never really hid that and now with the West’s help he has achieved it in southern Lebanon and Syria where Golan Heights will be further annexed, plus the West Bank and Gaza are in existential danger. Buffer zones they will be called.

Russia and Iran are being been aced out, temporarily by the Assad fall. And word comes just now that US airstrikes are aiding Israel within Syria. This is terrifying and moving fast under the auspices of the worst foreign policy team in decades and a lame duck, cognitively impaired and corrupt president and it seems with the total support of the DC uni-party. No one voted for this.

All the geniuses who cheered on the horrors in Gaza as defending the West from Islamist extremism are celebrating the sharia-law demanding gang who supported the fall of the Twin Towers and committed video beheadings around the region. They are called “rebels” now. Christians and Alawites are in grave danger. In Syria and Lebanon, ancient Christian holy villages are being vaporized forever. Stay humble about what you think you know. Try not to argue too much and read as many sources as you can.

@Judgenap does good work and do seek out Jeffrey Sachs wherever he is appearing.

I hope @DavidSacks doesn’t stop his FP commentary now that he is heading to DC.

@ggreenwald is also a great follow.

I am curious to see what @TuckerCarlson will do, especially with his hotline to Putin. More to follow —

@TLAVagabond

@TheGrayzoneNews

@scotthortonshow

You will not get accurate information from ANY legacy media outlets on this. None. Do not let your commitment to a political party or leader colour your view. Dangerous times require #truthovertribe. Or turn it all off and have a serene Christmas.

I am on the road for the Freedom Convoy doc this week but will try and stay in touch.

Stay critical.

#truthovertribe

EVOL NEWS

Mayor Eric Adams says they will help to bypass New York City’s sanctuary laws for Trump’s deportation plans – EVOLREAD MORE…

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SLAY NEWS

Top Cardiologist: 100 Million Vaxxed Americans Now Have Irreversible Heart DamageA leading cardiologist has warned that over 100 million Americans may now have irreversible heart damage after receiving Covid mRNA “vaccines.”READ MORE

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Daniel Penny Found Not Guilty in Unanimous VedrictThe jury in Daniel Penny’s high-profile New York trial has returned with a unanimous decision and found the Marine veteran not guilty in the death of Jordan Neely.READ MORE

Lara Trump Steps Down from Role as RNC Co-ChairLara Trump has announced that she is stepping down as co-chair of the Republican National Committee (RNC).READ MORE

Masked Man with a Knife Arrested Outside Home of Swedish Crown PrincessPolice arrested an armed man outside the Swedish Royal Family’s residence.READ MORE

James Carville Slams Biden for Running for Re-Election: ‘Most Tragic Figure in American Politics’More than a month has passed since President Donald Trump soared to victory on Election Day.READ MORE

Victor Davis Hanson: Hunter Biden ‘Blackmailed’ Father for PardonHoover Institution senior fellow Victor Davis Hanson has alleged that President Joe Biden was “blackmailed” into issuing a blanket pardon for his son Hunter.READ MORE

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NEWS ADDICTS

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

China Stimulus Hope Springs Eternal

Tuesday, Dec 10, 2024 – 10:20 AM

By Benjamin Picton, senior macro strategist at Rabobank

Hope Springs Eternal

China’s Politburo yesterday signaled its intent to provide further support to the Chinese economy by adopting a “moderately loose” monetary policy stance next year. That marks a shift from the current setting of “prudent” monetary policy that was adopted fourteen years ago. The shift comes in the face of continued economic weakness in China that has been led by the beleaguered real estate sector and compounded by rising trade restrictions led by the United States.

The Politburo also telegraphed a “more proactive” fiscal policy stance next year, raising hopes that China may be poised to widen its fiscal deficit from the 3% level that prevailed as of March. China has been drip feeding stimulus measures into the economy for months through cuts to key lending rates.

A stimulus ‘mini bazooka’ was fired in late September that included cuts to existing mortgage rates, cuts to bank reserve ratios and new financing facilities for stock purchases and buybacks, prompting a brief selloff in the USDCNH, a bidding up of the CSI300 and a bid for highly-liquid China proxies like the AUD. The price action yesterday followed a similar path, USDCNY fell 0.23% to 7.2675 and AUDUSD rallied 0.77% to 0.6440, but the CSI300 closed slightly lower while the Hang Seng soaked up the buying interest to rise 2.76%. Could the onshore market follow suit today? (spoiler alert: it tried, but no).

Brent crude also found a bit yesterday on renewed China stimulus hopes and perhaps a bit of extra risk premium owing to the fall of the Assad regime in Syria. The active contract closed 1.43% higher at $72.14/bbl. Gold prices also rose, while Bitcoin fell by more than 3% to finish the day just below $97k. The Treasury curve bear steepened as 10-year yields rose by 4.8bps and 2-year yields lifted by 2bps.

US stocks closed lower across the board and European stocks were mixed with gains posted for the FTSE100 and French CAC40, while the DAX fell. South Korea’s KOSPI index sold off another 2.8% as the market continued to digest the political turmoil that has followed President Yoon’s decision to (briefly) impose martial law last week. Yoon has since survived an impeachment vote, but his position is widely seen as untenable and he has now been banned from foreign travel and faces treason charges.

Later today the Reserve Bank of Australia will make its final policy rate announcement for 2024. The RBA has been one of the most hawkish G10 central banks in recent times, and is expected to hold the cash rate unchanged at 4.35% at this meeting. After the release of lacklustre Q3 national accounts last week showed growth of just 0.3% in the quarter (versus expectations of 0.5%) the futures market has been bidding up the probability of an earlier start to an anticipated rate cutting cycle from the RBA.

Previously, the OIS strip had May 2025 as the first meeting where a 25bp cut was fully priced. Implied probability for a cut at the April meeting reached 105% on Friday, but has since pulled back below the 100% level as of this morning. With the domestic final demand deflator in Q3 printing at a benign-looking 0.7% QoQ, and the household savings ratio rising to 3.2%, could the RBA be poised to deliver a dovish pivot today to give themselves some optionality over a potential cut in February? Hope springs eternal.

END

7.OIL AND NATURAL GAS ISSUES/GLOBAL

end

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

BRICS

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:  1.0532 DOWN 22 3 BASIS PTS

USA/ YEN 151.69 UP 0.307 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 1.2756 UP .0008

USA/CAN DOLLAR:  1.4164 DOWN 0.0011 (CDN DOLLAR UP 11 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED UP 20.13 PTS OR 0.59%

 Hang Seng CLOSED DOWN 102.81 OR 0.50%

AUSTRALIA CLOSED DOWN 0.43%

 // EUROPEAN BOURSE:     ALL MOSTLY MIXED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL MOSTLY MIXED

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 102.81 PTS OR 0.50%

/SHANGHAI CLOSED UP 20.13 PTS OR 0.59%

AUSTRALIA BOURSE CLOSED DOWN 0.43%

(Nikkei (Japan) CLOSED UP 207.08 PTS OR 0.43%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 2678.00

silver:$31.90

USA dollar index early MONDAY  morning: 106.05 UP 22 BASIS POINTS FROM  MONDAY’s CLOSE.

TUESDAY  MORNING NUMBERS ENDS

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And now your closing  TUESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.508% DOWN 0 in basis point(s) yield

JAPANESE BOND YIELD: +1.064% UP 2 AND 4/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 2.750 UP 1 in basis points yield

ITALIAN 10 YR BOND YIELD 3.195 UP 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.1105 UP 0 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 1.0511 DOWN .0043 OR 43 basis points

USA/Japan: 151.93 UP 0.553 OR YEN IS DOWN 55 BASIS PTS//

Great Britain 10 YR RATE 4.3460 UP 4 BASIS POINTS //

Canadian dollar DOWN .0011 OR 11 BASIS pts  to 1.4184

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The USA/Yuan,  CNY ON SHORE CLOSED UP 7.2638 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)…. (7.2631)

TURKISH LIRA:  34.84 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +1.064

Your closing 10 yr US bond yield UP 2 in basis points from MONDAY at  4.223% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.411 UP 2 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.139 UP 2  BASIS PTS.

GOLD AT 11;00 AM 2687.65

SILVER AT 11;00: 31.92

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 71.72 PTS OR 0.88%

German Dax :  CLOSED DOWN 16.80 OR 0.08%

Paris CAC CLOSED DOWN 85.36 PTS OR 1.14%

Spain IBEX CLOSED DOWN 46.00 OR 0.38%

Italian MIB: CLOSED DOWN 35.13 OR 0.60%

WTI Oil price  68.40 12 EST/

Brent Oil:  72.14 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  102.48 ROUBLE DOWN 2 AND  50/100      

GERMAN 10 YR BOND YIELD; +2.1105 DOWN 0 BASIS PTS.

UK 10 YR YIELD: 4.3460 UP 4 BASIS POINTS

CDN 10 YEAR RATE: 3.061 UP 4 BASIS PTS.

CDN 5 YEAR RATE: 2.865 UP 1 BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0523 DOWN 0.0028 OR 28 BASIS POINTS

British Pound: 1.2770 UP 0.0022 OR 22 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.329 UP 6 BASIS PTS//

JAPAN 10 YR YIELD: 1.060

USA dollar vs Japanese Yen: 151.89 UP 0.510 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.4169 DOWN 0.0006 CDN DOLLAR UP 6 BASIS PTS

West Texas intermediate oil: 68.36

Brent OIL:  71.98

USA 10 yr bond yield UP 2 BASIS pts to 4.224

USA 30 yr bond yield UP 2 BASIS PTS to 4.411%

USA 2 YR BOND: UP 2 PTS AT  4.143

CDN 10 YR RATE 3.034 DOWN 2 BASIS PTS

CDN 5 YEAR RATE: 2.834 DOWN 3 BASIS PTS

USA dollar index: 106.09 UP 25 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.84 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  103.05 UP 3 AND  5/100 roubles

GOLD  2,658.45 3:30 PM

SILVER: 31.81 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 154.10 PTS OR 0.35%

NASDAQ DOWN 72.64 PTS OR 0.34%

VOLATILITY INDEX: 14.42 UP 0.23 PTS OR 1.33%

GLD: $248.59 UP 3.23 OR 1.33%

SLV/ $28.99 UP 0.01 OR 0-.035%

TORONTO STOCK INDEX// TSX INDEX: DOWN 122.12 PTS OR 0.48%

end

USA AFFAIRS

USA TRADING TODAY CLOSING

Mega-Caps Pump’n’Dump Ahead Of CPI; Bitcoin Slumps As Gold Jumps

MORNING TRADING/

END

II USA DATA

III USA ECONOMIC NEWS

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

VDH

VDH: Biden’s Paranoid Pardons & The Morass Of Leftists Morality

Monday, Dec 09, 2024 – 08:05 PM

Authored by Victor Davis Hanson,

Pardoner-in-Chief

Joe Biden has now established two precedents in presidential history.

First, he “pardoned” his own son Hunter.

No prior president has ever tried that shameless act, which is an affront to the entire hallowed notion of “equality under the law.”.

Second, he did so in a way that no president has rarely, if ever, pardoned anyone.

Hunter, a convicted federal felon awaiting sentencing, was gifted by his father a blanket exemption from federal prosecution over the entire past decade (2014-2024).

Biden thus exempted Hunter from a series of much-discussed past criminal activities and provided further pardons for any federal criminal exposure occurring over the last ten years—yet to turn up.

Given the Biden suppression of the justice system and the media’s complicity in hiding the Biden family’s criminality, it is quite possible that in the next few years, disinterested prosecutors might finally expose Hunter Biden’s long-suppressed, sordid career. And that could mean possible criminal exposure for three generations of Bidens.

Third, in the remaining waning 40 days of his now nonperforming presidency, Biden threatens to establish yet another presidential precedent. He contemplates issuing pardons to a variety of controversial cronies, bureaucrats, and officers—even though none of them have yet been indicted or even are under federal investigation.

Worse, Biden completed his shameless trifecta by breaking his serial pledge, voiced at least six times, and most prominently as a 2024 campaign plug, unequivocally not to pardon Hunter Biden.

That performance-art braggadocio was serially greeted—by design—with glee in the media.

On spec, the vow supposedly contrasted Biden’s “reverence for the rule of law” with a purportedly legally insubordinate Trump.

Biden would put the law above family. Trump, in contrast, was supposedly chronically questioning the morality, fairness, and legality of his own five criminal and civil indictments over the campaign cycle—some of them (i.e., Bragg, Smith, Willis) demonstrably with the full knowledge of, if not coordinated by, the Biden White House.

The Biden Family’s Known Unknowns

Yet, why would Biden go out with such brazen, precedent-setting pardons when his own administration, Department of Justice, and the obsequious media for nearly four years have all bragged that the left is the party of principled democracy (e.g., “democracy is on the ballot”), forced into an existential fight against a supposedly “dictator,” “fascist,” and “Hitlerian” Donald Trump?

Obviously, Hunter Biden might have faced some jail time for deliberate and callous federal tax evasion of millions of dollars of income. Such a conviction would certainly earn the average American incarceration and a crippling fine.

The Biden family’s plea that Hunter was “addicted” is a pathetic excuse.

The president expects the American people to believe his lie that a supposedly temporarily non compos mentis Hunter was too drug-addled to remember to pay his taxes but clear enough to shake down millions of dollars in largess for generations of the Biden family syndicate.

We are told no one is ever jailed for feloniously lying on a federal affidavit to buy a handgun, and thus Hunter is a victim of a right-wing witch hunt.

That too is another absurd assertion when the Biden Department of Justice oversaw the prosecution. And it only fulfilled its proper nonpartisan role when an intervening federal judge nullified an unprecedented DOJ sweetheart tax evasion deal, one designed specifically for the presidential son.

Plenty of average Joes also go to jail for knowingly committing federal perjury or deliberately and fraudulently completing a required federal background check.

But the real agenda behind the Hunter pardon, and possible future Biden family pardons to come, involved the current president of the United States.

Hunter’s ten-year window of exemption dates back to the last two years of Joe Biden’s vice presidency, when his sloppy shakedowns of foreign governments even bothered an embarrassed Obama administration.

By pardoning Hunter, and de facto other Bidens to come, Joe believes that there will be no subpoenaed witness who can testify about the source of the family’s some $20 million grift: where the money came from, what it was for, where it went, and whether anyone fully paid federal and state income taxes on these foreign cash infusions.

In fairness to Joe, he has legitimate worries.

The sheer audacity of the Biden operation was evident—as, for example, when Joe boasted publicly that he got a special Ukrainian prosecutor, Viktor Shokin, fired for looking too closely into corruption involving Hunter Biden—by withholding U.S. congressionally approved aid.

(Note well: Donald Trump was impeached and tried in the Senate for merely suspending but eventually sending aid to Ukraine, out of legitimate worry that the Bidens had once unduly leveraged taxpayer money to have ensured their then steady revenue streams from Ukraine.)

Proof of the Bidens’ shake-down success was apparent in the lavish lifestyles of Joe and Hunter, otherwise inexplicable in light of Joe’s federal salary or any legal or consulting expertise evident in Hunter’s mostly grimy and grubby career.

Canary-bird Hunter?

But more worrisome might be the thought of an unplugged, unpardoned, and underappreciated Hunter.

As an ordinary citizen facing jail time after January 20, 2025, Hunter would be either one relapse, one plea bargain, or one fit of resentment away from turning state’s evidence to avoid years in federal prison—by disclosing the various roles of an apparently insufficiently appreciative Biden family.

Hunter certainly was capable of flipping.

In his laptop texts and email logs, he often voiced resentment of his father, variously and cynically dubbed “the Big Guy” and recipient of “ten percent”—monikers not usually associated with filial affection.

The gist of Hunter’s referents was that Joe got his utility bills paid and was subsidized by Hunter, who in return felt he was privately underappreciated and overcharged by the supposedly legit members of the family as their wayward and embarrassing, though hard-working, bagman.

That pique was no fiction.

Hunter’s plea-bargaining attorneys once threatened to call President Joe Biden into court to testify on Hunter’s behalf. The veiled subtext was a threat to put the president on record in a federal trial as vouching for his son and thus likely denying when cross-examined by the judge whether Joe himself had ever received foreign cash (i.e., Joe’s checks labeled as “loan repayments” or seen as “gifts” or undisclosed but routed through Hunter or a Biden sibling).

What was Hunter’s brief career as a straw-snorting “artist” about in the earlier days of the Biden presidency—if not to bring down to earth the haughty first couple?

Why would the profligate son, now under global scrutiny, seemingly shake down would-be quid pro quo Biden donors to buy his teenaged, paint-by-the-numbers “art”—sometimes painted by blowing paint via a straw, as perhaps a not-so-subtle reminder to the family of his earlier snorting antics?

Joe Biden was only two months into his presidency when Hunter published his tell-all book. It graphically recalled his drug- and sex-filled escapades and was met with great fanfare by obsequious liberal critics who noted his supposed “raw” honesty. Yet if a son will seduce his own deceased brother’s widow and mother of his own nephew and niece, and then cajole her to indulge in his own addictive crack cocaine use, then he has demonstrated that family fealty is a mere abstraction if not a bad joke.

Pardoning such a miscreant for ten years of yet uncovered misadventures is a veritable insurance policy that Hunter—who knows all the Biden family business secrets—would not plea-bargain away his family’s so-far successful avoidance of criminal accountability.

Just the Latest Assault on Democracy

How do we locate this latest assault on democracy in the left’s wider narrative that Biden and company ‘saved’ democracy from a tyrannical Donald Trump?

The answer is not difficult.

This unprecedented pardon is not aberrant. It is characteristic of the left’s recent contempt for the rule of law. And it is consistent with its own brazen violation of constitutional customs and norms that it so often projects onto its opponents.

The left’s warped modus operandi, remember, is to brand Trump such a menace that his intellectual and moral superiors are entitled to trample on any law or custom necessary to eliminate such an existential ‘threat to democracy.’

So, at the end of the Biden presidency, what is the Biden-Obama-era “democracy dies in darkness” legacy?

Just ponder the following questions.

Who soiled the FBI and the DOJ to fabricate Russian collusion to undermine a 2016 oppositional presidential opponent?

Who hired a has-been British spy to fabricate a smear dossier and leak it to the media to destroy a candidate?

Who rounded up “51 intelligence authorities” to lie on the eve of an election about the authenticity of Hunter’s laptop, then already verified and in the possession of the FBI?

Who tasked the FBI to partner with social media to censure and suppress verified news stories about the laptop’s authenticity deemed incriminating to the Biden campaign?

Who impeached a president over a phone call as soon as it recaptured the House of Representatives?

Who envisioned removing a major-party candidate from sixteen state ballots to undermine the election of an opponent?

Who orchestrated a SWAT raid on the home of an ex-president and presidential candidate over an ongoing archival dispute concerning the proper storage of presidential papers?

Who coordinated the lawfare to empower a special counsel to indict Donald Trump, to consult with a partisan Georgia prosecutor to indict Donald Trump, and to dispatch a federal prosecutor to join a local Manhattan prosecutor to indict Donald Trump, previously on the staff of yet another New York state attorney general who indicted Donald Trump?

Who advocated packing the Supreme Court?

Who sought to end the Electoral College?

Who wanted to create two new blue states to win four new senators?

Who wanted to demolish the filibuster—depending on whether it held a Senate majority?

Who radically changed American balloting, rendering, in most states, the historic Election Day to a mere construct of as little as 30 percent of the electorate voting?

Pardons as Incrimination

The final irony?

Biden may well pardon a variety of cronies who will not be indicted by the Trump Department of Justice, but who, by acceptance of such exemption, will remind the American people of their culpability if not criminality.

Anthony Fauci likely lied under oath about his role in subsidizing illicit and undeniable gain-of-function virology research in communist China.

Gen. Mark Milley clearly violated his oath of office as an advisor to the president by improperly breaking, and inserting himself into, the chain of command by ordering theater and unit commanders first to report directly to himself in supposed existential crises rather than to the Secretary of Defense.

Most Americans would deem it actionable for a chairman of the Joint Chiefs to stealthily contact his Chinese communist, People’s Liberation Army counterpart in order to warn him about the supposedly unstable nature of his own president and commander-in-chief and thus to assure the Chinese that American officers would nullify any presidential directives that they themselves diagnosed as improper.

What did intelligence and investigative bureaucratic grandees John Brennan, James Clapper, and Andrew McCabe—all current media-paid consultants—all have in common? They admittedly lied either under congressional oath or to federal investigators and did so with complete exemption.

The list of the culpable could be expanded.

But it will not be Donald Trump—who refused to investigate, much less seek to indict, Hillary Clinton for destroying federally subpoenaed communications and devices—who will remind the American people of what past zealots did to their nation.

Instead, it may be Joe Biden himself and any who accept his envisioned self-incriminating pardons.

TUCKER CARLSON INTERVIEWING

KING REPORT

The King Report December 10, 2024 Issue 7387

Independent View of the News

China Signals Bolder Stimulus for Next Year as Trump Returns The 24-man body also vowed “more proactive” fiscal policy at its monthly huddle, according to the official Xinhua News Agency, raising expectations for Beijing to widen the fiscal deficit from 3% at the annual parliamentary session in March. That would open the door to more central government borrowing to shore up the faltering economy…     Top leaders tackled nearly every major problem plaguing the economy, with direct pledges to “stabilize” the stock market as well as the property sector fighting a years long slump. In a first, cadres touted “extraordinary” measures for counter-cyclical policy adjustment, language analysts said could hint at greater bond issuance or a stabilization fund to support the stock market… https://finance.yahoo.com/news/china-eases-monetary-policy-stance-073152230.html   Nvidia shares slide after China launches probe of suspected anti-monopoly violations Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019…  https://t.co/eOTaDPATxR   With China releasing some of the air out of the Nvidia bubble, traders dumped Fangs on Monday.  This thwarted the usual Monday Rally.  Bonds got hammered; gold and energy commodities soared on concern that the Syria situation could foment even more chaos and conflict in the Middle East.   ESZs rallied modestly during early Nikkei trading but turned negative at 19:30 ET.  After declining to 6093.25 at 23:43 ET, ESZs inched higher until the rally for the 3 ET European opening commenced at 2:34 ET.  ESZs hit a daily high of 6105.75 at the European opening.  ESZs then sank to a daily low of 6088.50 at 6:35 ET.   The rally for the NYSE opening took ESZs to 6098.50 at 9:25 ET.  The dump began early; ESZs tumbled to a new daily low of 6065.00 at 11:09 ET.  The manipulation for the 11:30 ET European close took ESZs to 6080.00 at noon ET.  An A-B-C decline forced ESZs down to 6069.00 at 13:01 ET.   The afternoon rally pushed ESZs to 6083.25 at 13:50 ET.  Sellers returned; traders were trapped long; so, ESZs sank to a new daily low of 6060.00 at 15:55 ET.   Identities of Shadow Banks That Use New BOE Tool to Be Secret – BBG (Wow!)     BOE fears disclosure stigma would worsen financial instability     Pension funds, insurance firms and LDI funds to get access   Positive aspects of previous session Horrible news did not appear.   Negative aspects of previous session The DJIA and DJTA declined moderately; Fangs declined sharply. Precious metals and energy commodities rallied sharply; USZs declined 24/32   Ambiguous aspects of previous session What will occur in the Middle East in coming weeks? Bitcoin declined sharply.   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6063.33 Previous session S&P 500 Index High/Low: 6088.51; 6048.63   @elonmusk: The Federal government computers & software are in such bad shape that they often cannot verify that payments are not fraud, waste or abuse! That’s why the government can’t pass basic audits. They often LITERALLY don’t know where your tax dollars went. It’s insane.     My preferred title in the new administration is Volunteer IT Consultant. Need to fix the IT infrastructure in order to make government work. This is a grind & hardly glorious, but we can’t make government efficient & fix the deficit if the computers don’t work.   New Yorkers could get up to $500 check in first unveiling of Gov. Hochul’s State of State proposals The Inflation Refund… https://nypost.com/2024/12/09/us-news/new-yorkers-could-get-up-to-500-check-in-hochuls-state-of-state-proposal/   Today – Traders will play for a Turnaround Tuesday to the upside; and they will flock to Fangs and related trading sardines.  The action today should provide a solid clue to the short-term trend for stocks.  If the usual suspects cannot affect a Turnaround Tuesday to the upside, it would strongly suggest that stocks are exhausted and need to retrench.   Action has been lackluster the past several sessions.  The usual suspects have concentrated buying on Fangs.  Astute traders will wait for organic action to provide market trend.   ESZs are -5.00; NQZs are -9.50; and USZs are +1/32 at 20:25 ET.   Expected Economic Data: Nov. NFIB Small Business Optimism 94.5; Q2 Nonfarm Productivity 2.2%, Unit Labor Costs 1.5%   S&P Index 50-day MA: 5880; 100-day MA: 5705; 150-day MA: 5605; 200-day MA: 5486 DJIA 50-day MA: 43,247; 100-day MA: 42.002; 150-day MA: 41,100; 200-day MA: 40,508 (Green is positive slope; Red is negative slope)   S&P 500 Index (6052.85 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5304.59 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5705.24 triggers a sell signal Daily: Trender and MACD are positive – a close below 60000.92 triggers a sell signal Hourly: Trender and MACD are negative – a close above 6080.74 triggers a buy signal   @CharlieKNews: Reminder of what’s sitting in the FBI basement: Ashley Biden’s diary – Hunter Biden’s laptop from hell – 14,000 hours of Jan 6th footage – Ghislaine Maxwell’s black book – 20,000 images, computers, and hard drives seized from Epstein’s Manhattan mansion and private island   @Breaking911: ALLEGED ASSASSIN IN CUSTODY: – Id’ed as Ivy League (Penn) grad Luigi Mangione, 26 – Tip led to his location at a Pa. McDonald’s – Perp had gun, fake IDs & manifesto – Described himself online as an ‘anti-capitalist’ – Searched online for the “Unabomber’’   Two-Page Document Found on Luigi Mangione Railed against Health Care Industry – CNN   Document Included Lines “These Parasites Had It Coming and “I do Apologize for Any Strife and Trauma, But It Had to Be Done” – CNN   @mirandadevine: All these years the FBI has been manufacturing a “domestic violent extremist” panic by chasing down Catholics who go to Latin mass, Christians praying outside abortion clinics, and Trump supporters who wandered through an open door on J6, while FBI director Chris Wray dismissed the terrorist threat from violent left-wing outfits like Antifa as just an “idea”. Maybe if the premier law enforcement agency in the country had stuck to reality CEO Brian Thompson would have lived to see his sons grow up.

SWAMP STORIES FOR YOU TONIGHT

GREG HUNTER INTERVIEWING

SEE YOU ON WEDNESDAY