GOLD PRICE DOWN $29.55 TO $2656.05

SILVER PRICE DOWN $0.46 TO $30.58

Gold ACCESS CLOSED $2647.50

Silver ACCESS CLOSED: $30.53

Bitcoin morning price:$100,120 UP 341 DOLLARS.

Bitcoin: afternoon price: $101,663 UP 1884 DOLLARS

Platinum price closing DOWN $7.90 TO $925.50

Palladium price; DOWN $25.15 TO $950.85

END

*CANADIAN GOLD: $3768.91 DOWN 41,82 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)

*BRITISH GOLD: 2097/82 DOWN 16.54 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2161.00 BRITISH POUNDS/OZ) NOV 22/2024

*EURO GOLD: 2,522.50 DOWN 36.75 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: 2,687.500000000 USD
INTENT DATE: 12/12/2024 DELIVERY DATE: 12/16/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

132 C SG AMERICAS 6
190 H BMO CAPITAL 850
363 H WELLS FARGO SEC 100
365 C MAREX CAPITAL M 2
435 H SCOTIA CAPITAL 7
523 H INTERACTIVE BRO 1
624 H BOFA SECURITIES 167
657 C MORGAN STANLEY 7
661 C JP MORGAN 1446 382
686 C STONEX FINANCIA 119 84
690 C ABN AMRO 15 5
737 C ADVANTAGE 19 10
880 H CITIGROUP 2
905 C ADM 6

---

TOTAL: 1,614 1,614

JPMorgan stopped 103/1824

GOLD: NUMBER OF NOTICES FILED FOR DEC/2024. CONTRACT: 1614 NOTICES FOR 161400 OZ  5.020 TONNES

total notices so far: 21,590 contracts for 2,159,000 Oz (67.153 tonnes)

FOR  DEC

SILVER NOTICES: 124 NOTICE(S) FILED FOR 0.620 MILLION OZ/

total number of notices filed so far this month : 8500 for 42.5 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 DOWN $29.55 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD:

HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.78 TONNES OF GOLD INTO THE GLD

INVENTORY RESTS AT 868.60 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN $0.46 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.536 MILLION OZ OUT OF THE SLV/.

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 462.892 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI SHOCKINGLY ROSE BY A SMALL SIZED 80 CONTRACTS TO 151,713 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUMONGOUS LOSS OF $0,94 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A HUMONGOUS GAIN OF 2780 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR MONTROUS LOSS IN PRICE//YESTERDAY’S TRADING.. WE HAD SOME LIQUIDATION OF T.A.S. CONTRACTS ON THURSDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 2 WEEKS THE RAID WAS CALLED UPON TO QUELL MASSIVE DERIVATIVE LOSSES BY OUR BULLION BANKS. THEY SUCCEEDED YESTERDAY AND TODAY.

WE HAD A  HUGE 2700 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A MONSTER 1049 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FRIDAY;S TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUMONGOUS SIZED 2780 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR HUGE LOSS IN PRICE. WE HAD A SMALL TAS LIQUIDATION THROUGHOUT THURSDAY’S COMEX SESSION. LAST 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 FOR THE MONTH: 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 YESTERDAY.

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 THURSDAY NIGHT: A HUGE 1049 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS BUT TO NO AVAIL TODAY. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.

WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.94) BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD AN HUMONGOUS GAIN IN OI ON OUR TWO EXCHANGES OF 2780 OI. CONTRACTS.

WE HAD A HUGE 2700 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 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 DEC 9, WE HAD ANOTHER 100 CONTRACTS OF EXCHANGE FOR RISK ISSUED. TOTAL FOR MONTH 1.16 MILLION OZ. WE ALSO HAD A HUGE 81 CONTRACT QUEUE JUMP FOR 0.405 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 43.500 MILLION OZ + .1.16 MILLION OZ EX FOR RISK = 44.66 MILLION OZ

WE HAD:

/ HUMONGOUS SIZED COMEX OI GAIN +// MEGA HUGE SIZED EFP ISSUANCE/ VI)MEGA  HUGE SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 1049 CONTRACTS)/ TO WHICH WE ADD 1.16 MILLION OZ EX. FOR RISK //

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 569 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 10 DAYS, total 22,665 contracts:   OR 113.325 MILLION OZ  (2267 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  113.325 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: 113.325 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE/ MAY EXCEED MARCH 2022 RECORD OF 209 MILLION OZ)

RESULT: WE HAD AN SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 80  CONTRACTS DESPITE OUR HUGE LOSS IN PRICE OF SILVER PRICING AT THE COMEX//THURSDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE  CONTRACTS: 2700 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 0.405 MILLION OZ QUEUE JUMP TO WHICH WE ADD 1.16 MILLION OZ OF EXCHANGE FOR RISK/PRIOR EQUALS 44.66 MILLION OZ

//NEW TOTAL STANDING FOR DEC AT 44.66 MILLION OZ 

WE HAVE A HUMONGOUS SIZED GAIN OF 2780 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR HUGE LOSS IN  PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MONSTER 1049 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//LITTLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY 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 THURSDAY

/ ZERO NET SHORT COVERING FROM OUR SPEC SHORTS DESPITE THE LOSS IN PRICE THURSDAY/ . 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 THURSDAY NIGHT   (1049) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE, AND CERTAINLY TODAY.

WE HAD 124 NOTICE(S) FILED TODAY FOR 0.620 MILLION OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 4908 OI CONTRACTS  TO 490,589 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY:  REMOVED A SMALL SIZED 129 CONTRACTS//

WE HAD A STRONG SIZED DECREASE  IN COMEX OI (4908 CONTRACTS) OCCURRED WITH OUR LOSS OF $34.00 IN PRICE THURSDAY. 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 A HUMONGOUS 2,038 CONTRACT QUE JUMP FOR 203800 OZ ( 6.339 TONNES). THIS IS THE 2ND EVER RECORDED QUEUE JUMP IN COMEX GOLD HISTORY( FOLLOWING YESTERDAY’S 7.412 TONNES) TO WHICH WE MUST ADD OUR 5 ISSUANCES OF 10.6406 TONNES OF EXCHANGE FOR RISK

/NEW STANDING 82.4686 TONNES

/ ALL OF THIS HAPPENED WITH OUR  $34.00 LOSS IN PRICE  WITH RESPECT TO THURSDAY’S COMEX ///. WE HAD A SMALL GAIN OF 620 OI CONTRACTS (1.928 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 2038 CONTRACT QUEUE JUMP TODAY (203,800 OZ)  ALONG WITH THE 10.6406 EXCHANGE FOR RISK ISSUANCE THIS MONTH //NEW TOTAL TONNES OF DELIVERY: 82.4686

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 5528 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 490,718

IN ESSENCE WE HAVE A SMALL SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 620 CONTRACTS  WITH 4908 CONTRACTS DECREASED AT THE COMEX// AND A HUGE SIZED 5528 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 620 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUGE SIZED BUT CRIMINAL 3799 CONTRACTS ISSUED. WE HAD A ZERO LIQUIDATION OF T.A.S CONTRACTS DESPITE OUR HUGE LOSS IN PRICE THURSDAY 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 (5528 CONTRACTS) ACCOMPANYING THE STRONG SIZED DECREASE IN COMEX OI OF 4908 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 620 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 203,800 OZ QUEUE JUMP TO WHICH WE ADD THOSE CRAZY EXCHANGE FOR RISK ON 5 PRIOR OCCASIONS OF 10.6406 TONNES//NEW STANDING 82.4696 TONNES

//NEW STANDING DECEMBER: 82.4686 TONNES

 / 3) CONSIDERABLE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE  THURSDAY WITH SOME SUCCESS AS WE HAD A $34.00 PRICE LOSS. BUT WE HAD ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A SMALL GAIN IN OI ON OUR TWO EXCHANGES. STICKY GOLD’S LONGS ARE NOT FOOLED BY THE RAID IN PRICE AS THEY WERE REWARDED THURSDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL.

  4)  STRONG SIZED COMEX OPEN INTEREST DECREASE 5)  HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///HUGE T.A.S.  ISSUANCE: 3779 T.A.S.CONTRACTS///2038 CONTRACT QUEUE JUMP OR 203,800 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: 75,082 CONTRACTS OF 7,508,200 OZ OR 233.54 TONNES IN 10 TRADING DAY(S) AND THUS AVERAGING: 7508 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 10 TRADING DAY(S) IN  TONNES  233.54 TONNES

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

THUS EFP TRANSFERS REPRESENTS  233.54 DIVIDED BY 3550 x 100% TONNES = 6.57% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023

JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

 FEB  :  171.24 TONNES  ( DEFINITELY SLOWING DOWN AGAIN)..

MARCH:.   276.50 TONNES (STRONG AGAIN/

APRIL:      189..44 TONNES  ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV:           312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC.           175.62 TONNES//FINAL ISSUANCE//

TOTALS: 2,578.08 TONNES/2021

JAN:2022   247.25 TONNES //FINAL

FEB:           196.04 TONNES//FINAL

MARCH/2022:  409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.

APRIL:  169.55 TONNES (FINAL VERY  LOW ISSUANCE MONTH)

MAY:  247.44 TONNES FINAL//

JUNE: 238.13 TONNES  FINAL

JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD

AUGUST: 180.81 TONNES FINAL

SEPT. 193.16 TONNES FINAL

OCT:  177.57  TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)

NOV.  223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)

DEC:  185.59 tonnes // FINAL

TOTAL: 2,847,25 TONNES/2022

JAN 2023:    228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!

FEB: 151.61 TONNES/FINAL

MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)

APRIL: 197.42 TONNES

MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)

JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)

JULY:  151.69 TONNES (WEAKER THAN LAST MONTH)

AUGUST:  195.28 TONNES (A STRONGER MONTH)//FINAL

SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)

OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.

NOV.   239.16 TONNES//WILL BE STRONG THIS MONTH,

DEC. 213.704 TONNES. A STRONG MONTH//

TOTAL FOR YEAR 2023: 2,569.57 TONNES VS  2578 TONNES LAST YEAR

JAN ’24:     291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)

FEB’24: 201.947 TONNES

MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.

APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)

MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.

JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS

JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III) 

AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.

SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END 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 233.54 TONNES (we will also have a humdinger of an ex for physical issuance for this month/maybe this time we will surpass March 2022 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 FEB. 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 SMALL SIZED 80 CONTRACTS OI  TO 151,713 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 2700 CONTRACTS

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

DEC 2700 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 2700 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 80   CONTRACTS AND ADD TO THE 2700 E.FP. ISSUED

WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 2780 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS A HUGE 13.900 MILLION OZ OCCURRED DESPITE OUR HUGE  $0.94 LOSS  IN PRICE  

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS/FRIDAY MORNING THURSDAY  NIGHT

ASIA TRADING FRIDAY MORNING/THURSDAY  NIGHT

SHANGHAI CLOSED DOWN 69.62 PTS OR 2.01%

//Hang Seng CLOSED DOWN 173.51 PTS OR 2.36%

// Nikkei CLOSED DOWN 378.70 OR 0.95%//Australia’s all ordinaries CLOSED DOWN .43%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2806 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2805// Oil UP TO 70.27 dollars per barrel for WTI and BRENT UP AT 73.71 Stocks in Europe OPENED ALL GREEN

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 4908 CONTRACTS TO 490,587 WITH OUR HUGE LOSS IN PRICE OF $34.00 WITH RESPECT TO THURSDAY’S TRADING. , WE HOWEVER LOST ZERO NET LONGS AS, DESPITE OUR STRONG PRICE LOSS FOR GOLD, WE HAD, AS YOU WILL SEE BELOW A HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (5528). THUS WE HAD A SMALL GAIN ON OUR TWO EXCHANGES OF 620 CONTRACTS DESPITE OUR HUGE LOSS IN PRICE AND THEREFORE NO LOSS IN NET LONGS. OUR FRIENDLY PHYSICAL LONDON BOYS HAD A FIELD DAY AS THEY WERE READY FOR THE FRBNY ORCHESTRATED RAID AS THEY ABSORBED FULLY THE ATTACK AND OFFERED A THANK YOU NOTE TO THE FED FOR THEIR WONDERFUL LARGESSE. THE LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE.

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 CONSIDERABLE T.A.S. LIQUIDATION ON THURSDAY, BUT NOT SO MUCH WITH FRIDAY’S TRADING.

THE FED IS THE MAJOR SHORT OF AROUND 82+ 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  202,203 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 DURING THIS WEEK BUT THAT ENDED ON THURSDAY WITH STRONG LIQUIDATION.

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 HUMONGOUS SIZED 5528 EFP CONTRACTS WERE ISSUED: :  /DEC  5528 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 5528 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED TOTAL OF 620 CONTRACTS IN THAT 5528 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG LOSS OF 4908 COMEX  CONTRACTS..AND THIS SMALL GAIN  ON OUR TWO EXCHANGES HAPPENED DESPITE OUR HUGE LOSS IN PRICE OF $34.00 THURSDAY// 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 THURSDAY NIGHT WAS A STRONG SIZED SIZED 3799 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 HUGE 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 LATE NOVEMBER’S OPTIONS EXPIRY TRADING. WE HAD CONTINUAL T.A.S. AND FINAL MONTH END SPREADER LIQUIDATION ESPECIALLY ON FRIDAY NOV 29 .THE LIQUIDATION OF T.A.S. SUBSIDED QUITE DRAMATICALLY DURING THE FIRST WEEK AND A HALF OF DECEMBER BUT THAT DRAMATICALLY CHANGED WITH CONSIDERABLE LIQUIDATION YESTERDAY WITH THURSDAY’S COMEX. TRADING.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   DEC (82.4686 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: 71.828 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 10.6406 TONNES EQUALS 82.4686 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $34.00/)//BUT STRANGELY WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A SMALL GAIN IN OUR TWO EXCHANGES. AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION THURSDAY. WE ALSO HAD A STRONG T.A.S. ISSUANCE, THURSDAY NIGHT (FRIDAY MORNING), 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 THURSDAY EVENING.

LATE 13 DAYS AGO, 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, (DEC 5) 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 DEC 7 FOR A MONSTROUS 2254 EXCHANGE FOR RISK CONTRACTS OR 225,400 OZ OR 7.0108 TONNES. NOT TO BE UNDONE, THE CROOKS CONTINUED WITH THEIR NONSENSE WITH ANOTHER 50 CONTRACT EXCHANGE FOR RISK THE MORNING OF DEC 12 FOR 5000 OZ OR .1555 TONNES. AND THIS BRINGS US TO THIS EARLY MORNING WHERE I WAS SHOCKED TO SEE FOR THE FIFTH TIME THIS MONTH AN ENTRY FOR 250 CONTRACTS OF EXCHANGE FOR RISK FOR 25000 OZ OR .7776 TONNES.THUS ALL FIVE OF THESE ISSUANCES WILL BE ADDED TO THE TOTAL GOLD BEING “DELIVERED UPON”. TOTAL EXCHANGE FOR RISK ISSUANCES FOR THE MONTH NOW TOTALS 10.6406

WE HAVE GAINED A TOTAL OF 1.928 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR DEC (55.167TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S MEGA MEGA HUGE QUEUE JUMP OF 203,800 OZ OR 6.339 TONNES, THE 2ND HIGHEST EVER RECORDED QUEUE JUMP IN COMEX HISTORY YESTERDAY FOLLOWING YESTERDAY;S 7.412 TONNES, TO WHICH WE ADD 10.6406 TONNES OF EXCHANGE FOR RISK FOR THE MONTH.

THUS TOTAL EXCHANGE FOR RISK/PRIOR = : 9.7074 TONNES + .1555 EXCHANGE FOR RISK YESTERDAY + _.7776 EXCHANGE FOR RISK TODAY + NORMAL GOLD TONNES STANDING OF 71.828= DELIVERY TOTALS OF 82.4686 TONNES

/ STANDING FOR DEC INCREASES TO 82.4686 TONNES

NEW STANDING FOR DECEMBER: 82.4686 TONNES (WHICH IS HUGE FOR OUR VERY ACTIVE DELIVERY MONTH)

ALL OF THIS WAS ACCOMPLISHED WITH OUR HUGE LOSS IN PRICE  TO THE TUNE OF $34.00

WE HAD 129 CONTRACTS REMOVED FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 620 CONTRACTS OR 62000 (1.928 TONNES)

confirmed volume THURSDAY 245,070 contracts: fair //// T.A.S. ENHANCED TO A MUCH GREATER EXTENT.

//speculators have left the gold arena

END

/ /// THE DEC 2024 GOLD CONTRACT

DEC 13

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	32.15 OZ I KILOBAR BRINKS           .
Deposit to the Dealer Inventory in oz	NIL OZ
Deposits to the Customer Inventory, in oz	225,059/000 OZ /JPMORGAN 5,000 ,kilobars MANFRA 2000 kilobars 7,000 kilobars
No of oz served (contracts) today	1614 notice(s) 161400 OZ 5.020 TONNES
No of oz to be served (notices)	1503 contracts    150300 OZ 4.675 TONNES
Total monthly oz gold served (contracts) so far this month	21,590 notices 2,159,000 oz 65.153 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 160,757.000 oz (5,000 kilobars)

ii) Into Manfra: 64,302.000 oz (2,000 kilobars)

total deposits 225,059.000 oz  7,000 kilobars

strictly a paper gold entry.

withdrawals: 1

i)Brinks: 32.15 oz 1 kilobar

TOTAL WITHDRAWALS: 32.15 oz

adjustments: 1

a) customer to dealer; Brinks 128,683.546

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DEC.

For the front month of DEC: we have an oi of 3117 contracts having GAINED A STRONG 214 contracts. We had A HUGE 1824 contracts served on THURSDAY, so we GAINED AN UNBELIEVABLE 2038 contracts or 239,300 oz (6.339 TONNES) underwent a MASSIVE queue jump bolting ahead of others to take delivery of gold over on this side of the planet. This is the SECOND highest ever recorded queue jump in comex gold history following yesterday’s record 7.412 tonnes. Thus a record queue jump of 13.751 tonnes of gold for the last two days. Somebody is in great need of physical gold.

JANUARY GAINED 443 CONTRACTS TO STAND AT 3655

FEBRUARY LOST 6994 CONTRACTS TO 366,249 .

We had 1614 contracts filed for today representing 161,400 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 1444 notices issued from their client or customer account. The total of all issuance by all participants equate to 1614 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 382 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 (21,590 x 100 oz ) to which we add the difference between the open interest for the front month of  DEC(3117 CONTRACTS)  minus the number of notices served upon today  (1614 x 100 oz per contract( equals  2,309,300 OZ  OR 71.828 TONNES. to which we add 10.6406 tonnes of exchange for risk WHICH EQUALS 82.4686 TONNES

thus the INITIAL standings for gold for the DEC contract month:  No of notices filed so far (21,590 x 100 oz +we add the difference for front month of DEC  (3117 OI} minus the number of notices served upon today (1614 x 100 oz which equals  2,309,300 oz (71/828 TONNES)  + 10.6406 tonnes of ex. for risk MONTH OF DEC //new total GOLD STANDING 82.4686 TONNES

TOTAL COMEX GOLD STANDING FOR DEC.: 82.4686 TONNES WHICH IS HUGE FOR THIS  ACTIVE DELIVERY MONTH IN THE CALENDAR. 

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COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 OZ PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,887,512.376  oz 58.71 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  18,418,939.939 OZ  

TOTAL REGISTERED GOLD 8,312,797.698/// 258.56 tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 10,331.169.081 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,425,285 oz (REG GOLD- PLEDGED GOLD)= 199.85 tonnes //

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

END

SILVER/COMEX

DEC 13. 2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	676,284.925 OZ asahi Brinks .
Deposits to the Dealer Inventory	nil
Deposits to the Customer Inventory	1197,991.320 oz JPMorgan Loomis
No of oz served today (contracts)	124 CONTRACT(S)    (620,000 OZ)
No of oz to be served (notices)	200 contracts  (1.000 MILLION oz)
Total monthly oz silver served (contracts)	8500 Contracts  (42.500 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 JPMorgan 600,065.01 oz

ii) Into Loomis: 597,926.320 oz

total customer deposits 1197,991.320 oz

We had 2 withdrawals

i) Out of ASAHI 596,391.100 oz

ii) Out of Brinks: 79,893.828 oz

total withdrawal 676,284.928 oz

JPMorgan has a total silver weight: 135.000million oz/308.339million  or 43.77%

adjustment 1

customer account to dealer: Manfra

207,863.356 oz

TOTAL REGISTERED SILVER: 76.529MILLION OZ//.TOTAL REG + ELIGIBLE. 307.818 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DEC

silver open interest data:

FRONT MONTH OF DEC /2024 OI: 324 OPEN INTEREST FOR A LOSS OF 319 CONTRACTS. WE HAD

400 CONTRACTS ISSUED ON THURSDAY SO WE HAD A HUGE 81 CONTRACT OR A 0.405 MILLION OZ QUEUE JUMP WHERE THESE BOYS WILL TRY THEIR LUCK AND TAKE DELIVERY OF PHYSICAL SILVER OVER HERE.

JANUARY SAW A LOSS OF 32 CONTRACTS DOWN TO 2361

FEBRUARY SAW A LOSS OF 13 CONTRACTS TO STAND AT 150

MARCH SAW A LOSS OF 1008 CONTRACTS DOWN TO 122,451

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 124 for 680,000 oz

CONFIRMED volume; ON THURSDAY 104,876 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 8500x 5,000 oz = 42.500 MILLION oz 

to which we add the difference between the open interest for the front month of DEC (324) and the number of notices served upon today (124)x (5000 oz)

Thus the  standings for silver for the DEC 2024 contract month:  8500 Notices served so far) x 5000 oz + OI for the front month of DEC(324) minus number of notices served upon today (124)x 5000 oz equals silver standing for the DEC contract month equating to 43.5 MILLION OZ. + to which we add 1.16 million oz of exchange for risk PRIOR////new total 44.66

 New total standing: 44.66 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  13  WITH GOLD DOWN $24.55 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.78 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 868.60 TONNES

DEC  12  WITH GOLD DOWN $34.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.59 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 873.38 TONNES

 DEC  11  WITH GOLD UP $29.75 ON THE DAY; NO CHANGES IN GOLD AT 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: 868.60 TONNES, TONIGHTS TOTAL

SILVER

DEC 13 WITH SILVER DOWN 46 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF .536 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 462.892 MILLION OZ

DEC 12 WITH SILVER DOWN 94 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 5.787 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 463.428 MILLION OZ

DEC 11 WITH SILVER UP 10 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 2.597 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 469.215 MILLION OZ

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 462.892 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

Massive Comex deliveries since Thanksgiving

In the last ten trading sessions on Comex, 62 tonnes of gold have been stood for delivery, and 1,303
tonnes of silver. What does this tell us?

Alasdair Macleod
Dec 13, 2024

It was a week of two halves for gold and silver prices: rising strongly until Thursday when prices were
smashed. In European trading this morning, gold was $2670, up $40 on balance from last Friday’s close
having touched $2725 on Thursday morning. And silver was 20 cents lower on balance at $30.80, having
been as high as $32.30. Trading volumes in the gold contract were moderate, but more active in silver.
A feature of this week’s trading was levitated futures’ premiums over spot, particularly noticeable in
silver which before yesterday’s price smash represented a premium over overnight rates of as much as
7% annualised for the active February contract. While premiums and discounts in futures contracts over
spot can and do vary, this detachment was unusually high. This sense of panic has now abated, and
bullish hedge fund speculators are being stopped out.

This is very short-term stuff. Additional evidence of market strains is to be seen in the extraordinary
level of stands-for-delivery associated with December’s Comex contracts running off the board. In the
ten sessions since Thanksgiving, 62.13 tonnes of gold have been stood for delivery and 1,302.6 tonnes of
silver. These are huge quantities, particularly for a derivatives market where delivery was not intended.
Almost certainly, there is a general bear squeeze on the establishment’s net short position. When
derivative markets drove prices down in the first half of November, it provided the opportunity to buy
futures specifically to take delivery of gold and silver. This development indicates that bullion demand
exceeds supplies from other sources: mine output, scrap supply, and even buying for forward
settlement in London. It suggests that we are unlikely to see those low prices again.
Could this be an early indication that both gold and silver need to be priced significantly higher for
physical supply and demand to balance?

So far, excess gold demand from Asia over available supply plus central bank demand has been satisfied
by western financial markets, including a reduction in ETF holdings. These sources have now dried up,
which is what Comex deliveries may be telling us.

The actions of central banks in buying gold were always part of the story and a litmus test for a wider
loss of Asian faith in Western currencies. Sovereign wealth funds are also suspected of buying gold, and
for the last forty years the numbers of rich families and individuals China and South-east Asia, and now
India have increased substantially. Banks in both China and Russia offer gold accounts to savers which
have become a hidden source of bullion demand.

In the West, we are almost certainly unaware of the true scale of gold demand from these sources and
how it is evolving. In silver’s case, industrial demand has exceeded supply for the last four years, only
satisfied by the drawdown of strategic stocks and investors’ holdings. That is also coming to an end,
making far higher silver prices an increasing probability.
Finally, for chart followers here is the technical chart for gold:

Gold is finding support at the 55-day moving average. And given that the western financial system has
been cleaned out of physical bullion liquidity, it appears to be on the verge of its next move higher.
-END-

3. CHRIS POWELL AND GATA DISPATCHES

Miles Franklin’s Schectman interviews GATA secretary about the organization’s long journey

Submitted by admin on Fri, 2024-12-13 08:50 Section: Daily Dispatches

8:51a ET Friday, December 13, 2024

Dear Friend of GATA and Gold:

Andy Schectman of the Miles Franklin coin and bullion dealership in Minnesota interviewed your secretary/treasurer the other day for his podcast, discussing GATA’s history, its documentation of Western gold price suppression policy, and its efforts to expose the policy and get the world to understand the ruthless imperialism behind it. Your secretary/treasurer says GATA has had some good success but, ironically, more with central banks than with mainstream financial news organizations and major monetary metals mining companies.

The interview is 49 minutes long and can be viewed at YouTube here:

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

END

4. OTHER GOLD COMMENTARIES/

END

LIVE FROM THE VAULT/ANDREW MAGUIRE KINESIS 203

youtube.com/watch?v=5hHeh2mnvXg&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1

end

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

END

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING FRIDAY MORNING/THURSDAY  NIGHT

SHANGHAI CLOSED DOWN 69.62 PTS OR 2.01%

//Hang Seng CLOSED DOWN 173.51 PTS OR 2.36%

// Nikkei CLOSED DOWN 378.70 OR 0.95%//Australia’s all ordinaries CLOSED DOWN .43%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2806 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2805// Oil UP TO 70.27 dollars per barrel for WTI and BRENT UP AT 73.71 Stocks in Europe OPENED ALL GREEN

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

ONSHORE YUAN:   CLOSED DOWN AT 7.2806

OFFSHORE YUAN: DOWN TO 7.2805

SHANGHAI CLOSED CLOSED DOWN 69.02 PTS OR 2.01%

HANG SENG CLOSED CLOSED DOWN 173.51 PTS OR 2.38%

2. Nikkei closed DOWN 378.70 PTS OR 0.95%

3. Europe stocks   SO FAR:  ALL GREEN

USA dollar INDEX DOWN TO  106.47 EURO RISES TO 1.0518 UP 45 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +1.035 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 153.40…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA

3c Nikkei now  ABOVE 17,000

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

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

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

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

3g Oil 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 +2.227 Italian 10 Yr bond yield UP to 3.349 //SPAIN 10 YR BOND YIELD UP TO 2.885

3i Greek 10 year bond yield UP TO 3.016

3j Gold at $2660.80 /Silver at: 30.52  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 1 AND 50/100  roubles/dollar; ROUBLE AT 103.50

3m oil into the 70 dollar handle for WTI and  73 handle for Brent/

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

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 153.40  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.041% 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 0.8913 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9378  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: 4.340 UP 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.561 UP 1 BASIS PTS/

USA 2 YR BOND YIELD:  4.205 UP 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.95…

10 YR UK BOND YIELD: 4.460 UP 6 PTS

10 YR CANADA BOND YIELD: 3.173 UP 4 BASIS PTS

5 YR CANADA BOND YIELD: 2.960 UP 2 PTS.

2a New York OPENING REPORT

Futures Jump Led By Tech After Broadcom Soars To All Time High

Friday, Dec 13, 2024 – 08:27 AM

US equity futures pointed to a strong end to the week, as a premarket surge in Broadcom powered gains across the entire chip and tech complex, even as European bourses dipped and Asian markets took it on the chin after the latest Chinese stimulus disappointment. As of 8:00am S&P500 futs gained 0.4%, and Nasdaq 100 futures rose 0.7%, with shares in Broadcom surging 15% after it predicted a 65% increase in sales of AI chips in the fiscal first qtr; if gains holds, the stock will hit a record high, inching closer to a $1 trillion market cap. Peers Marvell, Micron, Nvidia and Advanced Micro Devices also rose. US 10Y yields gained 3bps rising to 4.35%, highest since Nov. 25; the dollar reversed earlier gains with the euro bouncing after Macron named centrist Bayou as the new French PM. Crude oil futures rose to a weekly high. On tap today we have US Import/Export prices (8:30am ET), Eurozone + UK Industrial production, Japan Industrial production

In premarket trading, Broadcom surged 18% after the chip supplier for Apple Inc. and other big tech companies predicted a boom in demand for its artificial intelligence chips. Costco shares also rose in premarket trading after the retailer reported first-quarter earnings per share that came in ahead of consensus estimates. TD Cowen noted that newness, quality and value are resonating strongly with US consumers. Here are some other notable premarket movers:

• EVgo (EVGO) rises 11% after the company closed on a $1.25 billion Energy Department loan to help expand its EV charging network. JPMorgan says “EVgo delivered an early holiday gift to investors.”
• RH (RH) jumps 18% after the furniture retailer raised its revenue forecast for 2025 and swung to a profit in the third quarter.
• TaskUS (TASK) gains 8% after Morgan Stanley turned bullish on the IT services firm, saying the company is a beneficiary from AI with exposure to key customers Meta and OpenAI, which will drive growth in 2025 and 2026.

Stock markets are likely to extend their gains into next week, when the Fed is priced to deliver another quarter-point reduction. The S&P 500 has rallied 27% this year, and strategists polled by Bloomberg predict it will outpace European peers again in 2025. As of today, the S&P is on pace for the best full-year return this century.

“You have a US economy which is doing well and an incoming administration that is very pro-corporate — all that is in the price, but it doesn’t mean the rally can’t extend,” said Timothy Graf, head of EMEA macro strategy at State Street Global Markets.

Unlike the US where every day is a meltup, Europe’s Stoxx 600 index traded down 0.3% near session lows amid continued disappointment over the lack of concrete stimulus measures from China. Miners provided a drag, tracking iron ore futures lower after China’s Central Economic Work Conference seemed to underwhelm investors. Insurer Munich Re was a notable gainer after it forecast a net income boost next year.  Here are the biggest movers Friday:

• Munich Re shares rise as much as 5.5% after the insurance giant outlined a net profit target for 2025 that was welcomed by analysts. Jefferies said it had anticipated a more cautious outlook, while Citi noted the target is being well-received considering its history of over-delivering
• Soitec shares shares gain as much as 7.7%. Bernstein analysts say visibility is finally improving at the semiconductor wafer maker, after a string of warnings
• St James’s Place shares rise as much as 4.6% after being upgraded by Deutsche Bank, which sees a more positive investment case for the UK wealth manager after digging deeper into the potential impact of an ongoing advice issue and new charging structure
• CD Projekt falls as much as 5.8% following the release of a 6-minute trailer of the new The Witcher IV game. The video is seen by analysts as a signal that the Polish studio aims to premiere its latest version of the medieval monster slayer game in 2026
• Outokumpu falls as much as 7.2%, the most since April, after the Finnish stainless steel manufacturer said its 4Q adjusted Ebitda will be close to breakeven or turn negative amid recent adverse developments in business in Europe
• TeamViewer shares fall as much as 6.7% after Berenberg downgrades the stock to hold from buy, seeing a risk that the software firm may have overpaid for its acquisition of 1E
• Impax shares fall as much as 24%, the most in over 21 years, after UK wealth manager St. James’s Place terminated the asset manager’s mandate to manage the Sustainable & Responsible Equity Fund
• Tullow Oil shares drops as much as 8.9% in London, paring initial gains after company confirmed preliminary talks with Kosmos Energy about an all-share offer by Kosmos for Tullow late Thursday

Earlier in the session, Asian shares fell led by losses in China after authorities again left investors waiting on the specifics of the fiscal stimulus even as their key policy meeting produced a vow to boost consumption. The MSCI Asia Pacific Index fell as much as 1.1%, the most in a month. Tencent, Meituan and Sony were among the biggest drags. Japanese gauges fell, while South Korean shares gained for a fourth day. Chinese stocks declined as traders parsed comments from the annual Central Economic Work Conference. Authorities vowed to raise China’s fiscal deficit target next year, and made “lifting consumption vigorously” and stimulating overall domestic demand their top priority.  Retail sales data due next week will help shed light on the state of China’s economy. The week ahead is also packed with monetary policy decisions from the Federal Reserve as well as central banks in Japan, Indonesia, Thailand, Philippines and Taiwan.

“The market may have some hope that the CEWC would give more details on consumption stimulus and property inventory clearance packages, but it turned out a bit disappointing,” said Jason Chan, senior investment strategist at Bank of East Asia. “Investors may need to wait for more fiscal policy rollout in the first quarter, also the ‘Two Sessions’ held in March.”

A gauge of world stocks is headed for the worst week in nearly a month. “The newsflow has been underwhelming,” Beata Manthey, head of European equity strategy at Citigroup Inc., said of announcements from China. “The markets want numbers. We didn’t get the numbers.” However, Chinese 10-year government bond yields slid below 1.8% for the first time in history, as authorities vowed to cut policy rates and banks’ reserve ratios.

In FX, the dollar was steady against a basket of currencies, reversing earlier gains as the euro rebounded, but was still on track for a second straight week of gains. The pound weakened after Britain’s economy unexpectedly contracted for a second straight month in October. The euro strengthened after the ECB sounded less dovish on rates than some expected after its policy announcement Thursday and forcing traders to pared policy-easing bets for next year; it moved even higher after French PM Macron named centrist Bayrou as the new French PM. The yen is the weakest of the G-10 currencies, falling 0.5% against the greenback as traders bet that the Bank of Japan will keep interest rates unchanged next week, just as we warned.

In rates, treasuries are again cheaper across the curve, tracking bigger losses in European rates. The US yield curve steepening trend stalls following five straight increases in the 5s30s spread. US yields are 2bp-3bp cheaper across maturities with 10-year around 4.35%, highest since Nov. 25 outperforming German 10-year by ~2bp; major curve spreads are within 1bp of Thursday’s close. Bunds underperform their European peers, with German 10-year yields rising 3 bps to 2.23%. Gilts have been supported by soft GDP data from the UK while the surprise monthly economic contraction in October also weighs on the pound. IG issuance calendar empty so far. Gilts outperform after soft UK GDP data, which also weighed on the pound.

Graf of State Street expects more gains for the dollar, noting that the Fed’s easing cycle could prove shallow relative to Europe, where economic growth is weaker. Swap markets aren’t pricing a cut from the Bank of England at next week’s meeting, despite Friday’s weak data.

In commodities, oil prices advanced again, with WTI rising 0.8% to $70.60; Brent crude up 3.5% this week on the prospect for tighter US sanctions against Iran and Russia. Spot gold falls $12 to $2,668/oz.

US economic data calendar includes November import and export price indexes at 8:30am.

Market Snapshot

• S&P 500 futures up 0.2% to 6,075.75
• STOXX Europe 600 down 0.2% to 518.27
• MXAP down 0.9% to 185.75
• MXAPJ down 0.6% to 585.55
• Nikkei down 1.0% to 39,470.44
• Topix down 1.0% to 2,746.56
• Hang Seng Index down 2.1% to 19,971.24
• Shanghai Composite down 2.0% to 3,391.88
• Sensex up 0.9% to 82,021.18
• Australia S&P/ASX 200 down 0.4% to 8,295.96
• Kospi up 0.5% to 2,494.46
• German 10Y yield little changed at 2.22%
• Euro little changed at $1.0472
• Brent Futures up 0.4% to $73.69/bbl
• Gold spot down 0.3% to $2,672.66
• US Dollar Index up 0.13% to 107.09

Top Overnight News

• A top trade adviser to Donald Trump said that the new administration would not look “fondly” on any attempt by China to manipulate its currency, responding to a Reuters report that authorities there were considering allowing the yuan to weaken next year. Peter Navarro, Trump’s incoming senior counselor for trade and manufacturing, said the White House would not interfere with the Treasury Department’s biannual review looking in to whether foreign trade partners are manipulating their currencies. RTRS
• Trump considers options for preventing Iran from expanding its nuclear program, including the potential for airstrikes (Trump’s team feels Iran is uniquely weakened following events in Lebanon and Syria). WSJ  
• Trump explores merging bank regulators (FDIC, OCC, and Fed) in an attempt to eliminate duplication and promote efficiency, but any change would require Congressional approval and is likely to be controversial. WSJ
• Elon Musk renewed his feud with the SEC, revealing that the agency is investigating Neuralink and may take action over his investments in Twitter. He’s also seeking to turn SpaceX’s Starbase site in Texas into a new city and move the company’s headquarters there. BBG
• Broadcom reported EPS/EBITDA upside while overall sales fell slightly short (semiconductor revenue was above expectations) and the guide was fine (the sales outlook was inline while the EBITDA margin forecast is ~250bp higher). Shares spiked 15% during the earnings call as mgmt. delivered a bullish message on AI demand, VMWare accretion, and its relationship w/Apple (the company downplayed the Bloomberg report about it being at risk of displacement in the iPhone). BBG
• Insurance stocks are rallying in Europe following bullish 2025 guidance from both Munich Re and Swiss Re. RTRS
• UK economic data in Oct falls short of expectations, including GDP, industrial production, and manufacturing production (GDP contracted for the second consecutive month). BBG
• Germany’s Bundesbank slashed its growth forecast for the country, warning of another year of economic stagnation and cautioning that a trade war with the US would trigger recession. FT   
• Trafigura reported a 62% drop in profit as it took $1.1 billion in losses related to alleged employee misconduct in its Mongolian oil business. The company is restating several years of prior accounts and took additional hits on its zinc smelting and retail fuel businesses. BBG
• Microsoft (MSFT) filed for debt shelf; size undisclosed, via SEC filing. Separately, Microsoft introduces Phi-4, the company’s newest small language model specialising in complex reasoning
• Apple (AAPL) will begin assembling AirPods in India by early 2025, partnering with Foxconn (HNHPF): BBG

A more detailed look at global markets courtesy of Newsquawk

APAC stocks traded lower across the board following a similar session on Wall Street after the hot US PPI, whilst sentiment in Asia-Pacific was somewhat hampered as participants digested the disappointing release from the Chinese Economic Work Conference. ASX 200 was pressured by the metals sectors, namely gold miners, after the recent slide in the yellow metal as the Buck  ramped up. Nikkei 225 pulled back further under 40,000, failed to benefit from a softer JPY and largely overlooked higher-than-expected optimism among large Japanese manufacturers from the BoJ’s Tankan Survey. Hang Seng and Shanghai Comp were both softer as traders digested the release from the Chinese Economic Work  Conference, which overall seems like a disappointment as it offered little in terms of details whilst reaffirming the recent policy shift.

Top Asian News

• PBoC official Zou Lan says PBoC will deepen FX market reform next year, according to state TV. Will keep the Yuan ‘basically’ stable. Will respond vigorously to external shocks. Will increase treasury bond buying and selling operations. Will provide sound liquidity environment for government bond issuance.
• Trump Trade Advisor Navarro warned against currency manipulation after Reuters sources suggested China is mulling a weaker CNY.
• South Korean Finance Ministry said they will deploy more market stabilising measures if volatility heightens excessively, according to Reuters.
• BoJ Dec Tankan corporate price expectations survey: Japanese firms expect consumer prices to rise 2.4% a year from now (prev. +2.4%). 3-year expectation +2.3% (prev. +2.3%); 5-year expectation +2.2% (prev. +2.2%).
• Japan’s small firms are spending more of their profits on wages than their larger counterparts and may struggle to keep raising pay, casting doubt on whether wage gains are broad enough for BoJ to keep hiking rates, according to Reuters analysis. Policymakers are reportedly looking at whether small firms (which employ 70% of Japan’s workforce) can continue meeting pay demands.
• REUTERS POLL: BoJ to hold key interest rate at 0.25% in December, according to 58% of economists polled (vs 44% in Nov poll)
• Chinese President Xi is not planning to attend Trump’s inauguration but might send a senior official to represent him, according to WSJ sources.

European bourses began the European session on a modestly mixed footing, but soon after the cash open then lifted to session highs to display a positive picture in Europe. European sectors are mixed vs initially opening with a slight negative bias. Autos is towards the top of the pile, continuing to build on the gains seen in the prior session. Insurance follows closely behind, buoyed by gains in Swiss Re and Munich Re. Healthcare lags alongside losses in Basic Resources. US equity futures are entirely in the green, with clear outperformance in the tech-heavy NQ after Broadcom (+14%) shoots higher following a strong earnings report. Broadcom (AVGO) reported Q4 adj. EPS of 1.42 (exp. 1.39), and Q4 adj. net revenue of USD 14.05bln (exp. 14.1bln). Raised quarterly dividend +11% to 0.59/shr. Q4 semiconductor solutions revenue USD 8.23bln (exp. 8.05bln). Exec sees Q1 AI revenue growth of 65%, and expects momentum in AI connectivity to be as strong. +15% pre-market

Top European News

• ECB’s Villeroy says more rate cuts are to come. Notes that French bond spreads have moved away from Germany and closer to Italy.
• ECB’s Kazaks says the direction of interest rates is clearly down, the neutral rate is closer to 2% than 3%, significant reduction in rates is still necessary.
• Goldman Sachs (GS) cuts UK’s 2024 GDP growth forecast to 1.0% from 1.2%.
• ECB’s Holzman says yesterday’s decision was “good”. If things go as expected, sees no danger for prices in cutting rates next year. Neutral rate is around 2%, rates could fall to this level.
• ECB’s Vasle says decisions will be taken meeting-by-meeting in a data-dependent fashion.
• BoE Inflation Attitudes Survey (Nov.): Median expectations of the rate of inflation over the coming year were 3%, up from 2.7% in August 2024. Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.8%, up from 2.6% in August 2024. Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.4%, up from 3.2% in August 2024.
• VCI says producer prices down 2.5% Y/Y, total sales – 2% Y/Y to EUR 221bln, industry sales will slacken due to higher producer pries and lo order backlogs in 2025.
• Bundesbank lowers its German growth outlook across the entire forecast horizon. Economy to stagnate in the “winter half-year” and then make a slow recovery across 2025. US President-elect Trump’s proposed tariffs could lower growth by 1.3-1.4% through 2027. ECB’s Nagel says protectionism is the biggest area of uncertainty. Growth Forecasts: 2024: -0.2%; 2025: 0.2%; 2026: 0.8%.

FX

• DXY is essentially flat after spending most of the European morning in positive territory. DXY currently sits towards the bottom end of a 106.93-107.18 range. Today’s docket is light, with just US Import/Export Prices on deck.
• EUR is slightly firmer vs. the USD as the dust continues to settle on yesterday’s 25bps ECB rate cut. Sources followed the announcement, noting that the GC is prepared for a quarter-point rate cut at the next two meetings inflation stabilizes at the 2% target and economic growth remains sluggish. ECB speak this morning has continued to stress the inevitability of further easing in the coming months.
• JPY has continued to lose out to the USD throughout the European morning. JPY saw some fleeting support overnight in response to the higher-than-expected optimism among large Japanese manufacturers from the BoJ’s Tankan Survey. Recent JPY weakness has coincided with a pick-up in risk sentiment (CHF has also moved lower in tandem).
• GBP is on the backfoot and near the bottom of the G10 leaderboard following soft M/M GDP data for October which printed at -0.1% vs. Exp. +0.1%. That being said, PM has cut its Q4 Q/Q forecast to 0.1% from 0.3% (MPC expects 0.3%). Accordingly, Cable slipped below its 21DMA at 1.2670 and fell to a session low at 1.2620.
• Antipodeans are contained vs. the USD in quiet trade with upside for AUD capped by the soft performance for Chinese markets overnight as traders digested the release from the Chinese Economic Work Conference, which overall seems like a disappointment as it offered little in terms of details whilst reaffirming the recent policy shift.
• PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.2745 (prev. 7.1854)
• RBI likely sold USD to support the INR, according to traders cited by Reuters.

Fixed Income

• USTs are steady overnight with specifics light and the docket ahead also limited as the countdown to the FOMC begins. Action in the European morning limited to a 110-09+ to 110-14 range. Yields little changed overall with no overt flattening/steepening bias thus far.
• Bunds began the morning in the red with EGBs trading in proximity to Thursday’s lows, after the ECB was judged to not be as dovish as some had hoped for. ECB speak this morning includes Muller saying the period of strong inflation is behind, Kazaks saying the direction is clearly down and the influential Villeroy remarking that there are more cuts to come. Since, the downside has extended slightly with Bunds at lows of 134.80 having faded below 135.00.
• OATs are down in tandem with the broader complex; once again, we are awaiting French President Macron’s announcement as to who the next PM will be.
• Initial leads for Gilts were bearish given the above but offset by a particularly soft set of UK growth data for October, with GDP missing across the board Services showing no growth while both Production and Construction fell in the period. Gilts in the red, though not as soft as EGBs are. Opened at a 94.89 session high before fading to a 94.66 trough.

Commodities

• WTI and Brent are on a modestly firmer footing after trading mostly rangebound overnight, amid the lack of pertinent newsflow for the complex. On geopolitics, Ukraine said Russia had attacked several Ukrainian energy facilities. As for the Middle East, the WSJ reported that “President-elect Trump is weighing options for stopping Iran from being able to build a nuclear weapon, including the possibility of preventive airstrikes”. Brent’Feb 2025 currently sits around the USD 74/bbl mark.
• Gold is softer, potentially dented by the grind higher in risk sentiment seen in the European morning and continued DXY advances above 107.00.
• 3M LME Copper was flat for most the session but has just managed to recoup the USD 9.1k mark but remains markedly shy of Thursday’s USD 9.2k opening level and that session’s higher thereafter at USD 9.27k before the WTD USD 9.3k peak.
• Goldman Sachs said their base case is that Brent averages USD 76/bbl in 2025 given near offset between a modest 400k BPD surplus and a normalisation in currently low valuation.
• Moldovan Parliament declares state of emergency from Dec 16th amid the possible end of flow of Russian gas from Jan 1st, according to Reuters.
• Russian attacks on Ukrainian energy facilities were more focussed on gas infrastructure this time, via Reuters citing sources.
• UBS expects copper prices to rise to the USD 10-11k MT range, expects demand to rise above 3% Y/Y in 2025. Sees copper market that is modestly in deficit of around 250,000 .

Geopolitics

• US President-elect Trump said “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries”, via Truth Social.
• US President-elect Trump is weighing options for stopping Iran from being able to build a nuclear weapon, including the possibility of preventive airstrikes, according to WSJ.
• US Secretary of State Blinken says that in the last few weeks he has seen encouraging signs that a Gaza ceasefire is possible
• Israeli Defense Minister orders Israeli troops to prepare to remain on Mount Hermon during winter months, via Reuters citing a statement
• Russian attacks on Ukrainian energy facilities were more focussed on gas infrastructure this time, via Reuters citing sources.
• US Sectary of State Blinken says that in the last few weeks he has seen encouraging signs that a Gaza ceasefire is possible.

US Event Calendar

• 08:30: Nov. Import Price Index MoM, est. -0.2%, prior 0.3%
• 08:30: Nov. Export Price Index YoY, est. 0.3%, prior -0.1%
• 08:30: Nov. Export Price Index MoM, est. -0.3%, prior 0.8%
• 08:30: Nov. Import Price Index YoY, est. 1.0%, prior 0.8%

DB’s Jim Reid concludes the overnight wrap

We had the London FIC and Macro Research Xmas Party last night and I hope none of my colleagues will be offended if I say it was a relatively tame but pleasant affair and very different to the ones of my early years in banking. However, it wasn’t without shock as after having known him for more than ten years I learnt for the first time that my colleague Luke represented Australia in his specialist discipline. I’ll keep you guessing what that was in and reveal the answer at the end.

Markets have lost a little poise over the last 24 hours, as the combination of underwhelming data and comments from ECB President Lagarde led to a cross-asset sell-off. That was most evident among sovereign bonds, and there was disappointment that the ECB didn’t take an even more dovish tone, not least after Lagarde said that inflation risks were “two-sided”. On top of that, the US PPI inflation reading surprised on the upside, even if core and the components that feed directly into core PCE were a touch softer. However, the year-on-year rate rose above 3% again for the first time since early 2023. So that led to a bit more doubt about how fast any rate cuts would be next year (remember DB think none after next week), and the S&P 500 also ended the day -0.54% lower. Although the S&P 500 is only -0.64% beneath its record high, yesterday was the ninth day in a row that more constituents fell than rose in the index, the longest such run since 2001, a fairly stunning stat. So ex-tech, the market is losing some momentum even if the aggregate moves are still small.

Starting with the ECB, the headline decision was much as expected, with a 25bp cut that took the deposit rate down to 3%. Moreover, the statement had some dovish shifts, as it dropped the language about keeping rates “sufficiently restrictive” to get inflation back to target. That was supported by the latest economic forecasts, which saw growth and inflation both downgraded over the years ahead. For instance, they now see growth in 2025 at just 1.1%, down two-tenths from last quarter, whilst the 2026 number was also revised a tenth lower to 1.4%. Meanwhile on inflation, they now expect headline inflation to fall to 2.1% in 2025, down a tenth from before, before falling to 1.9% in 2026.

But in spite of those seemingly dovish elements, European sovereign bonds saw a heavy sell-off yesterday. Indeed, yields on 10yr bunds (+7.8bps), OATs (+9.8bps) and BTPs (+15.9bps) all moved sharply higher. That sell-off began as Lagarde’s Q&A comments did little to follow through on the dovish points in the statement or the forecasts, and avoided getting drawn on the size and speed of future cuts. So while the direction of travel towards lower rates is clear, these comments cast doubt on how aggressively the ECB would actually cut rates next year. That said, our European economists see the latest ECB signal as consistent with maximal optionality and continue to see the risk of larger 50bp cuts, although the bar for such a move at the next meeting in January feels high. Given their expectation of below-trend growth and below-target inflation, our economists maintain a baseline of a below-neutral 1.50% terminal rate by end-2025. See their full reaction piece here.

Whilst the ECB provided the main attention yesterday, there were a couple of US data prints that also disappointed investors. In particular, the PPI reading for November came in on the upside, which added to the sense that inflation was still lingering in a zone that would make it difficult to cut rates much further. For instance, the monthly headline PPI was running at +0.4% (vs. +0.2% expected), and the previous month’s reading was revised up a tenth to +0.3%. In turn, that pushed the year-on-year reading up to +3.0% (vs. +2.6% expected). However, the upside PPI surprise was in part due to one-offs (notably egg prices of all things), and with some respite from categories that feed into PCE inflation (which the Fed targets). These were on the weaker side alongside core PPI which printed at +0.1% MoM, below the +0.2% expected. So on paper, that still gives the Fed space to cut rates at next week’s meeting, even if the moves beyond that are in more doubt. In my opinion, there’s enough concern on inflation not to cut next week, but the Fed doesn’t like to provide big surprises to markets this close to the event, and with investors now pricing a 96% chance of a cut, the Fed would have to act astonishingly out of character to not do so.

The other release of potential concern were the weekly jobless claims, which saw initial claims at 242k over the week ending December 7 (vs. 220k expected), above every economist’s expectation on Bloomberg. Continuing claims for the previous week also surprised to the upside (1886k vs 1877k expected), though data may have been distorted by seasonal factors post-Thanksgiving. And while Treasuries initially rallied following the US data, the bond sell-off that has dominated so far this week resumed as the day wore on. By the close, 2yr (+3.9bps) and 10yr yields (+5.7bps) both posted a fourth consecutive increase to 4.19% and 4.33%, respectively. This leaves 10yr yields on course for their biggest weekly rise since early October (+17.5bps so far).

For equities it was also an underwhelming session yesterday. This was most visible in the US, where the S&P 500 was down -0.54%, and the small-cap Russell 2000 fell by a larger -1.38%. The tech megacaps also suffered from the downbeat mood, with the Magnificent 7 (-0.71%) reversing some of its +3.09% gain the previous day. As mentioned at the top, the number of decliners outpaced the advancers for a ninth consecutive session. Meanwhile in Europe, the losses were more marginal with the STOXX 600 down -0.14% and several indices posting modest gains, as the DAX (+0.13%) just about moved up to a new record.

Elsewhere in Europe, Swiss bonds outperformed after the Swiss National Bank delivered a 50bp rate cut yesterday. That came as something of a surprise, as both market pricing and the consensus of economists had leant towards a 25bp move as more likely. So there was a decent market reaction, which left the country’s 10yr yields down -0.7bps on the day, in contrast to the sizeable moves higher across the rest of Europe. In addition, the Swiss franc weakened by -0.37% against the US Dollar.

Overnight in Asia, equity markets are mostly sliding after the readout from China’s Central Economic Work Conference (CEWC) didn’t have much new policy details. That’s meant Chinese equities are underperforming, with the CSI 300 (-1.67%) and the Shanghai Comp (-1.36%) both losing ground, and the Hang Seng is also down -1.66%. Elsewhere, the Nikkei (-0.91%) is also trading noticeably lower, along with Australia’s S&P/ASX 200 (-0.41%). The one exception to this pattern is the KOSPI (+0.43%), and looking forward, US equity futures are pointing to a modest recovery, with those on the S&P 500 (+0.07%) and NASDAQ 100 (+0.28%) trading higher.

There was also a significant milestone in Chinese bond markets, as the 10yr government bond yield fell beneath 1.8% for the first time ever. That continues the downward momentum in Chinese yields over recent months, and the country’s 30yr yields are already trading beneath Japan’s 30yr yields.

In terms of data overnight, the Bank of Japan’s quarterly Tankan report showed that sentiment among the biggest Japanese manufacturers moved up to 14 in Q4, which was the highest reading since Q1 2022. However, the index for large non-manufacturers ticked down a point from last quarter to 33. In the meantime, the Japanese yen (-0.23%) is on track to weaken for a fifth consecutive session, and is currently trading at 152.97 against the dollar, its weakest since November 26.

To the day ahead now, and data releases include UK GDP for October and Euro Area industrial production for October. Meanwhile from central banks, we’ll hear from the ECB’s Villeroy, Holzmann and Centeno.

2B European report

2C ASIAN REPORT

APAC stocks traded as sentiment was hit following the Chinese Economic Work Conference – Newsquawk Europe Market Open

Friday, Dec 13, 2024 – 01:51 AM

• APAC stocks traded lower across the board following a similar session on Wall Street, whilst sentiment was also hit after the Chinese Economic Work Conference
• ES and NQ traded with gains overnight as SPX and NDX constituent Broadcom (AVGO) surged 14% post-earnings
• DXY held an upward bias and extended on gains after the incursion into 107.00 territory in late US trade; USD/JPY rose above 153.00
• European equity futures are indicative of a subdued cash open with the Euro Stoxx 50 future -0.2% after cash closed +0.1% on Thursday
• Looking ahead, highlights include German Trade Balance, UK GDP, EU Industrial Production, US Import/Export Prices, and Baker Hughes Rig Count
• Click for the Newsquawk Week Ahead.

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US TRADE

EQUITIES

• US stocks saw weakness with continued underperformance in the small-cap Russell 2000 (-1.4%), as all sectors resided in the red apart from Consumer Staples and Real Estate.
• Health, Consumer Discretionary, and Communications were the laggards with the latter weighed on by Tesla (TSLA) (-1.7%) and Alphabet (GOOGL) (-1.8%), respectively, although GOOGL has seen notable gains recently.
• SPX -0.54% at 6,051, NDX -0.68% at 21,615, DJIA -0.53% at 43,914, RUT -1.38% at 2,361
• Click here for a detailed summary.

NOTABLE HEADLINES

• Broadcom Inc (AVGO) Q4 2024 (USD): Adj. EPS 1.42 (exp. 1.39), Adj. net revenue 14.05bln (exp. 14.1bln). Semiconductor solutions revenue 8.23bln, (exp. 8.05bln). Co expects “momentum in AI connectivity to be as strong as more hyperscalers deploy Jericho3-AI”. Shares +14% after-market.
• Microsoft (MSFT) filed for debt shelf; size undisclosed, via SEC filing. Separately, Microsoft introduces Phi-4, the company’s newest small language model specialising in complex reasoning
• US President-elect Trump’s transition team has reportedly started to explore pathways to shrink, consolidate or eliminate the top bank regulators, according to WSJ.

APAC TRADE

EQUITIES

• APAC stocks traded lower across the board following a similar session on Wall Street after the hot US PPI, whilst sentiment in Asia-Pacific was somewhat hampered as participants digested the disappointing release from the Chinese Economic Work Conference.
• ASX 200 was pressured by the metals sectors, namely gold miners, after the recent slide in the yellow metal as the Buck ramped up.
• Nikkei 225 pulled back further under 40,000, failed to benefit from a softer JPY and largely overlooked higher-than-expected optimism among large Japanese manufacturers from the BoJ’s Tankan Survey.
• Hang Seng and Shanghai Comp were both softer as traders digested the release from the Chinese Economic Work Conference, which overall seems like a disappointment as it offered little in terms of details whilst reaffirming the recent policy shift.
• US equity futures were mixed with outperformance in ES and NQ on the back of constituent Broadcom, whose share surged 14.1% after overall positive earnings alongside a strong outlook outlined in the earnings call.
• European equity futures are indicative of a subdued cash open with the Euro Stoxx 50 future -0.2% after cash closed +0.1% on Thursday.

FX

• DXY held an upward bias and extended on gains after the incursion into 107.00 territory in late US trade following a choppy Thursday session. Macro updates in the US are to be thin on Friday (only import/export prices are due), attention will turn towards the statement and remarks from Fed Chair Powell next Wednesday, with a 25bps rate cut largely priced in.
• EUR/USD was subdued by the Dollar in a 1.0457-80 range with no major EZ releases left for the week after yesterday’s ECB. EUR/USD dipped under the 2nd Dec low (1.0459), with the 26th Nov low (1.0424) next in sight.
• GBP/USD was once again pressured by the firmer Dollar with traders looking ahead to Friday’s UK GDP monthly estimates ahead of next week’s deluge of releases. GBP/USD fell under its 21 DMA (1.2672), with the next level to the downside being the 4th Dec low (1.2626).
• USD/JPY was choppy as the pair initially saw some fleeting downside on the higher-than-expected optimism among large Japanese manufacturers from the BoJ’s Tankan Survey. USD/JPY then rebounded with no clear driver before briefly venturing into 153.00 territory.
• Antipodeans were softer amid subdued base metals and broader risk aversion weighing on the currencies, with the Kiwi also uninspired by the lower-than-prior Manufacturing PMI.
• PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.2745 (prev. 7.1854)
• RBI likely sold USD to support the INR, according to traders cited by Reuters.

FIXED INCOME

• 10yr UST futures were uneventful in sideways trade with upside capped by the poor 30-year bond auction stateside.
• Bund futures were softer amid a continuation of price action from the prior day, with the March contract finding overnight resistance just under 135.00.
• 10yr JGB futures bucked the trend ahead of next week’s BoJ and after recent source reports suggested the Bank is erring towards keeping rates unchanged next week instead of hiking.
• US sold USD 22bln in 30yr bonds; High Yield: 4.535% (prev. 4.608%, six-auction average 4.356%); WI: 4.523%. Tail: 1.2bps (prev. -2.2bps, six-auction avg. 0.2bps). Bid-to-Cover: 2.39x (prev. 2.64x, six-auction avg. 2.44x). Dealers: 14.4% (prev. 10.2%, six-auction avg. 14.5%). Directs: 19.1% (prev. 27.1%, six-auction avg. 17.8%). Indirects: 66.5% (prev. 62.7%, six-auction avg. 67.7%)

COMMODITIES

• Crude futures were relatively flat trade amid a lack of newsflow, and with prices taking a breather from yesterday’s choppy price action which ultimately resulted in slightly lower settlements for both benchmarks.
• Spot gold traded slightly firmer but still under USD 2,700/oz as the yellow metal consolidated from the prior day’s slide.
• Copper futures were flat within tight ranges amid light newsflow with 3M LME copper hovering on either side of USD 9,100/t.
• Goldman Sachs said their base case is that Brent averages USD 76/bbl in 2025 given near offset between a modest 400k BPD surplus and a normalisation in currently low valuation.
• Moldovan Parliament declares state of emergency from Dec 16th amid the possible end of flow of Russian gas from Jan 1st, according to Reuters.

CRYPTO

• Bitcoin fell back under USD 100k and remained under the level for most of the session, albeit the crypto slowly clambered off worst levels.

NOTABLE ASIA-PAC HEADLINES

• Trump Trade Advisor Navarro warned against currency manipulation after Reuters sources suggested China is mulling a weaker CNY.
• South Korean Finance Ministry said they will deploy more market stabilising measures if volatility heightens excessively, according to Reuters.
• BoJ Dec Tankan corporate price expectations survey: Japanese firms expect consumer prices to rise 2.4% a year from now (prev. +2.4%). 3-year expectation +2.3% (prev. +2.3%); 5-year expectation +2.2% (prev. +2.2%).
• Japan’s small firms are spending more of their profits on wages than their larger counterparts and may struggle to keep raising pay, casting doubt on whether wage gains are broad enough for BoJ to keep hiking rates, according to Reuters analysis. Policymakers are reportedly looking at whether small firms (which employ 70% of Japan’s workforce) can continue meeting pay demands.
• REUTERS POLL: BoJ to hold key interest rate at 0.25% in December, according to 58% of economists polled (vs 44% in Nov poll)

DATA RECAP

• Japanese Tankan All Big Capex Est (Q4) 11.3% vs. Exp. 9.6% (Prev. 10.6%)
• Japanese Tankan big non-mf outlook DI (Q4) 28.0 vs. Exp. 28.0 (Prev. 28.0)
• Japanese Tankan Big Mf Outlook DI (Q4) 13.0 vs. Exp. 11.0 (Prev. 14.0)
• Japanese Tankan Big Non-Mf Idx (Q4) 33.0 vs. Exp. 32.0 (Prev. 34.0)
• Japanese Tankan Big Mf Idx (Q4) 14.0 vs. Exp. 12.0 (Prev. 13.0)
• Japanese Tankan Small Non-Mf Idx (Q4) 16.0 vs. Exp. 12.0 (Prev. 14.0)
• Japanese Tankan Sm Non-Mf Outlook DI (Q4) 8.0 vs. Exp. 10.0 (Prev. 11.0)
• Japanese Tankan All Sm Capex Est (Q4) 4.0% vs. Exp. 4.3% (Prev. 2.6%)
• Japanese Tankan Small Mf Idx (Q4) 1.0 vs. Exp. -1.0
• South Korea Import Price Growth YY (Nov) 3.0% (Prev. -2.5%)
• South Korea Export Price Growth YY (Nov) 7.0% (Prev. 2.0%)
• New Zealand Manufacturing PMI (Nov) 45.5 (Prev. 45.8)

GEOPOLITICS

MIDDLE EAST

• White House’s Kirby said Security Adviser Sullivan will travel to Doha and Cairo to continue talks to reach a ceasefire in Gaza, according to Al Jazeera.

OTHER

• US President-elect Trump said “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries”, via Truth Social.
• Canada weighs export tax on uranium and oil if Trump adds tariffs, according to Bloomberg. Also mulls export tax on potash if Trump imposes tariffs.

EU/UK

NOTABLE HEADLINES

• ECB prepared for a quarter-point rate cut at next two meetings if inflation stabilises at the 2% target and economic growth remains sluggish, Bloomberg reported. A gradual approach to lowering borrowing costs is the most appropriate path forward provided the economy develops in line with current expectations. A larger, half-point reduction remains an option in case of emergency, they said. But they stressed that such a step risks conveying an unintended sense of urgency.
• French Presidential office said the appointment of the PM was postponed until Friday morning, according to Reuters.
• Italian Economy Minister sees GDP growth of 0.7% this year and lower-than-expected growth does not change government budget framework, according to Reuters.

DATA RECAP

• UK GfK Consumer Confidence (Dec) -17.0 vs. Exp. -18.0 (Prev. -18.0)

LATAM

• Brazil’s Senate approved the main text of the bill with regulations to implement tax reform passed next year, according to Reuters.
• Brazil President Lula remains in ICU after the latest surgery on Thursday morning, according to a medical report.
• Peru Central Bank maintains reference rate at 5.00%, as expected; said future decisions will depend on inflation.

3B NORTH KOREA/SOUTH KOREA

South Korea in turmoil

end

3C JAPAN

end

3D. CHINA/TAIWAN/INDO PACIFIC

China/USA

end

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY

Weak wind generation is forcing use of German gas. Prices rise!

(OilPrice.com)

Germany’s Gas Use And Power Prices Jump Amid Weak Wind Generation

Friday, Dec 13, 2024 – 03:30 AM

By Tsvetana Paraskova of OilPrice.com

Intraday power prices in Germany jumped and natural gas-fired electricity generation rose to a two-year high this week as low wind speeds continue to depress wind power output.

Natural gas use for power generation rose on Wednesday to its highest level since December 2022, as a wider power supply gap had to be filled by fossil fuels amid very weak wind power generation.

Intraday power prices have jumped for the peak Wednesday hours, according to EEX data cited by Bloomberg.

Germany’s power margin, the available electricity supply to meet demand, has dropped this week to the lowest level so far this winter, as low wind speeds and colder weather are straining the power system.

This week, wind speeds in Germany have dipped again, while colder-than-usual temperatures have settled over much of northwest Europe.

Since early November, the so-called ‘Dunkelflaute’, German for “dark wind lull”, have often resulted in wind farms in Europe’s biggest economy generating only a fraction of their nameplate capacity, leading to day-ahead electricity prices for peak demand hours to high levels not seen since the peak energy crisis in 2022.

Near-term power prices have increased as supply has been fluctuating while demand has been growing with the colder temperatures. Germany has had to import more electricity from France and rely more on fossil fuels for power generation during periods of low wind speeds.

The wind speeds will only pick up this coming weekend, according to Bloomberg modeling.

This means that Germany has to grapple with higher hourly power prices and increased gas demand until at least Friday.

Gas-fired power generation in Germany jumped in November from October by the largest-ever monthly increase, according to data from energy think tank Ember cited by Reuters last week.

That was mostly because of the 25% lower wind power generation in October and November compared to the same two months of last year.

END

UK

He will be the best Prime Minister ever second only to Winston Churchill…

Nigel Farage Leads Betting To Become Next British PM

Friday, Dec 13, 2024 – 05:00 AM

Authored by Steve Watson via Modernity.news,

Reform UK leader Nigel Farage is heading the betting to become the next British Prime Minister, according to Labrokes’ latest political betting odds.

The odds on Farage have shortened to 5/2, while new Conservative Party leader Kemi Badenoch is second favourite with odds of 3/1.

https://twitter.com/LadPolitics/status/1866583065285341626?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed

The odds on Farage have shortened following a Find Out Now poll found that Reform UK has 24 per cent electorate support, only two-points behind the Tories and one-point ahead of Labour.

Since coming to government, far left Labour’s popularity has nosedived in the wake of a raft of broken campaign promises and downright horrendous policies including imprisoning people for social media posts.

Farage has also just received a massive injection of investment from billionaire property developer, Nick Candy, who vowed to “raise Reform more money than any political party in the UK has ever raised.”

“Nigel will be the next PM,” Candy added, urging “I wouldn’t be doing this if I wasn’t 100 per cent certain of that.”

https://twitter.com/Nigel_Farage/status/1866462615930871998?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctw

Several former Conservative Party MPs have also recently defected to Reform.

https://twitter.com/Nigel_Farage/status/1866486939203104793?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7

Reform revived a sizeable chunk of votes, over four million, in the UK general election in July but only secured five parliamentary seats owing to the first past the post system.

One in seven people voted Reform, yet the party ended up with 67 fewer seats than the Liberal Democrats, who received around two percent fewer votes.https://www.youtube.com/embed/xhXPXtuFgB4

In recent days, there have also been rumours that Elon Musk is interested in boosting Reform UK with a gargantuan cash injection.https://modernity.news/2024/12/09/elon-considering-giving-reform-uk-100-million-to-help-farage-become-prime-minister-report/embed/#?secret=N3y5GbQg6f

Musk has denied the rumours but got people talking again when he replied to the above tweet by Farage:

https://twitter.com/elonmusk/status/1866462907199840292?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%

Candy has also claimed that he and Musk are “messaging” each other about Reform UK and Farage, with Candy noting  “If Elon wants to give it… then of course Reform would be very interested in that.”https://www.youtube.com/embed/Hr1zqYh65HQ

Farage himself commented “Elon Musk is very supportive of what Reform is trying to do, supportive of me personally. And we’ve got the connections with him, and Nick’s got good connections with him as well.”

“He’s giving us political support,” Farage continued, clarifying that “We have, at this stage, neither solicited or been offered donations,” given that it is illegal for non-UK citizens to donate to MPs.

Musk has repeatedly criticised British Prime Minister Kier Starmer for going “full Stalin” and arresting and even jailing people for posting memes.https://modernity.news/2024/11/22/elon-musk-responds-as-british-government-summons-him-to-disinformation-hearing/embed/#?secret=COpOPjfzEw

end

END

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

SYRIA/ISRAEL/LEBANON.

IDF strikes permanently alter Syrian military threat, troops begin Lebanon withdrawal

The IDF said it destroyed over 90% of Syria’s advanced anti-aircraft missiles, especially the SA22 and SA17 systems.

By YONAH JEREMY BOBDECEMBER 13, 2024 02:06

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-833280&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241212_1c3894f2c24f32135c65b5e9b6556e9f1197587d&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF air force’s attacks on more than 500 targets of Syria’s military assets in a 48-hour period this week since the fall of the Assad regime have permanently and radically altered the threat that any future Syrian regime can pose to the State of Israel, the IDF said on Thursday.

This means that in the worst-case scenario, if Syria’s new rulers, the Hayat Tahrir al-Sham (HTS), decide to be hostile to Israel, they will not be able to immediately threaten the Jewish state with anywhere near the kind of advanced and long-range weaponry which the Assad regime wielded.

Unveiling a slew of staggering statistics, the IDF noted that it destroyed over 90% of Syria’s advanced anti-aircraft missiles, especially the SA22 and SA17 systems, which were sometimes shooting down portions of Israeli attacks on the smuggling of Iranian weapons through the area. In total, about 85% of Syria’s air defenses were destroyed, including less advanced systems.

Next, the IDF said that Syria’s SU-22 and SU-24 aircraft squadrons were completely destroyed and in total, around 40% of the Syrian air force.

All the Syrian explosive drones were destroyed, and 390 significant Syrian firepower targets were destroyed by the air force.

https://player.jpost.com/public/player.html?player=jpost&media=3814144&url=www.jpost.comIDF strikes on infrastructure and surface-to-air missile launchers in Syria, December 12, 2024 (IDF SPOKESPERSON’S UNIT)

Besides these more active attack systems, the air force now has a stunning air superiority in Syrian airspace, which it could never have dreamed of as long as the Assad regime was intact because it has destroyed essentially all of Syria’s radar capabilities.

IDF sources said that the Syrians still have no idea what they have lost in terms of potential threats to Israel and that it could take them a significant amount of time to decipher this, especially given that the Syrian army, which was used to handling these weapons, melted away last weekend.

In a broader sense, the IDF said that it had destroyed around 80% of Syria‘s larger-scale firepower.

At the same time, IDF sources admitted that this number could be overly optimistic as there may be firepower items that Syria concealed underground, which the IDF did not find or succeed in striking.

That said, the IDF said it had succeeded at identifying and striking a number of underground Syrian military targets.

---

---

Moreover, the IDF said that Syria now has only one still existing border crosspoint for potentially transferring weapons to Hezbollah, which means the Lebanese terror groups’ rearming project will be much harder to accomplish.

This is in addition to the fact that most of Iran’s presence has been removed from Syria out of fear of revenge from HTS, given that Iran fought on the side of the Assad regime since the Syrian civil war started in 2011.

IDF sources also said that there are signs that the HTS may completely expel Russia from Syria. Some observers have said that Moscow may try to renegotiate its presence under very different conditions, such that HTS would have real control of all of the territory and Russia would truly only serve as a guest helper if and when needed, but which retain some Russian foothold.

Besides Syria, the IDF said that prior to the November 26 ceasefire, it had eliminated basically all of Hezbollah’s Drone Unit 127 leadership, which means that that unit currently lacks the capability to carry out any complex or coordinated attacks.

While the IDF has previously said it destroyed around 70-80% of Hezbollah’s long-range and strategic weapons, in terms of its broader command structure, the percentage is said to be closer to 60-70% destroyed.

Next, IDF sources said that its past two attacks on Iran this year have greatly improved its likely success in the event any future attack on Iran is necessary.

Further, IDF sources said that there is heavy ongoing planning work going on to be ready to strike the Islamic Republic again if that becomes necessary.

On April 13-14 and again on  October 1, Iran launched massive direct missiles and drone attacks on the Jewish state.

Israel counterattacked on April 19 and again with a much larger counter strike on October 26, which took out around 20 different Iranian anti aircraft and ballistic missile sites as well as one nuclear site.

This latest IDF statement on Thursday signaled that not only are Iranian air defenses weaker than they have been in years, but that the air force believes its direct experience in engaging Tehran has substantially improved its understanding about how to better manage such long range and complex attacks in the future.

Meanwhile, the IDF said that the air force’s report on the October 7 failure has been ready for some time and submitted to the IDF high command.

This follows prior statements by the IDF navy, land forces, and other portions of the IDF who have said even weeks ago that their October 7 reports had also been submitted.

It appears that IDF Chief of Staff Lt.-Gen. Herzi Halevi has held all of these reports on his desk until all IDF reports are in so that they can all be released at the same time, giving a comprehensive picture.

Many also anticipate that Halevi may resign around when he presents the October 7 reports, with the latest predictions for that being by the end of February.

Despite these predictions, the IDF previously committed to producing the October 7 reports by June and then by July-August.

However, after withering criticism of its Beeri October 7 report in July, Halevi recalculated the rollout of the reports so that any criticism of field commanders would only occur at the same time as criticism of himself and other top IDF officials.

Kurilla’s visit to Lebanon

In Lebanon, a top US military officer visited Beirut on Wednesday to monitor the withdrawal of the first Israeli troops from parts of southern Lebanon under a ceasefire agreement reached last month, the US Central Command (CENTCOM) said and the IDF confirmed.

Army General Michael Kurilla, CENTCOM’s commander, visited the monitoring headquarters in Beirut for the ceasefire and met with the commander of Lebanon’s armed forces, General Joseph Aoun, CENTCOM said in a post on X.

Kurilla was there to monitor “the ongoing first Israeli Defense Forces withdrawal and Lebanese Armed Forces replacement in Al Khiam, Lebanon, as part of the agreement,” CENTCOM said.

“This is an important first step in the implementation of a lasting cessation of hostilities and lays the foundation for continued progress,” Kurilla said.

The US and France serve as monitors of a 60-day truce between Israel and the Lebanese armed group Hezbollah that calls for a phased withdrawal of Israeli troops after more than a year of war.

Under the agreement, Hezbollah fighters needed to leave their positions in southern Lebanon to move north of the Litani River.

Regarding the Iran nuclear standoff, Iran has agreed to tougher monitoring by the UN nuclear watchdog at its Fordow site dug into a mountain after it greatly accelerated uranium enrichment to close to weapons-grade there, the watchdog said on Thursday in a report seen by Reuters.

“Iran agreed to the Agency’s request to increase the frequency and intensity of the implementation of safeguards measures at FFEP (Fordow Fuel Enrichment Plant) and is facilitating the implementation of this strengthened safeguards approach,” the International Atomic Energy Agency said in the confidential report to member states.

It remains unclear whether Tehran’s latest concession is a true show of compromise or a fig leaf to try to distract from its recent increased nuclear violations at Fordow.

In Gaza, IDF Arabic Spokesperson Avichai Adraee told the residents of several areas of the Gaza Strip on Thursday evening to move to shelters as the IAF will begin striking terrorists and terror infrastructure in the area.  

That warning came after an earlier announcement by the IDF that the air force had killed a senior Hamas official involved in weapons procurement as well as several other known terrorists who had been with him.

/IISRAEL/HAMAS

Hamas ups day’s death toll to 58; IDF says terrorists trying to steal aid among those hit

By AFP

Palestinians check the damage outside a building targeted by an Israeli air strike early on December 12, 2024 near the Nuseirat refugee camp in the central Gaza Strip. (Photo by Eyad BABA / AFP)

Gaza’s Hamas-run civil defense agency says a series of Israeli air strikes killed at least 58 people, including 12 guards securing aid trucks, while the IDF says it targeted terrorists planning to hijack the aid vehicles.

END

ISRAEL/HAMAS/HOSTAGES

Hostage Deal Close Again After Hamas Concedes On Israeli Troops In Gaza

Friday, Dec 13, 2024 – 02:45 AM

US National Security Adviser Jake Sullivan is currently on his seventh trop to Israel, and with just weeks left of the Biden administration. The lame-duck US administration is still trying to inject something positive into the news cycle concerning efforts to achieve a hostage and ceasefire deal in war-ravaged Gaza.

Prime Minister Benjamin Netanyahu “is ready to do a deal” – claimed Sullivan in a Tel Aviv press conference. He was asked about longtime allegations that Netanyahu has actually been stalling and thwarting the potential for a deal.

“No, I do not get that sense,” Sullivan answered. “When I go to Doha in Cairo, my goal will be to put us in a position to be able to close this deal this month… I wouldn’t be here today if I thought this thing was just waiting until after January 20,” he also explained.

“Hezbollah can never again rebuild its terror infrastructure to threaten Israel,” said Sullivan, appearing to take some degree of credit on behalf of the Biden administration. “Now the Assad regime in Syria is gone.”

“The balance of power in the Middle East has changed significantly,” Sullivan declared further. “Israel is stronger, Iran is weaker.”

But as for the potential to secure peace in Gaza, this looks further away just as it’s been for the past many months, despite occasional optimistic sounding headlines to the contrary. The Wall Street Journal in a fresh report has said Hamas has begun conceding to a couple key Israeli demands:

Hamas has yielded to two of Israel’s key demands for a cease-fire deal in Gaza, Arab mediators said, raising hopes of an agreement that could release some hostages within days despite the repeated collapse of previous negotiations.

The militant group told mediators for the first time that it would agree to a deal that would allow Israeli forces to remain in Gaza temporarily when the fighting stops. Hamas also handed over a list of hostages, including U.S. citizens, whom it would release under a cease-fire pact, something it hasn’t done since the first truce in the conflict last year.

The new plan, proposed by Cairo and backed by the U.S., seeks to build on momentum generated by the cease-fire in Lebanon secured in November, which has broadly held despite both Israel and Hezbollah accusing each other of violations. 

So this could actually be a legitimate breakthrough, in the wake of Hamas’ leadership having been decimated (as has Hezbollah’s). Still, in the recent past when the US was claiming to be at the ‘goal line’ of achieving a deal, either side would demand something more, or refuse to make key concessions.

https://twitter.com/wikileaks/status/1818608601004458312

Hamas has until now (apparently) stuck firmly to its demand of a full military withdrawal from the Strip, thus this could actually be the real opening that the sides need. But it remains to be seen whether this will be enough for Netanyahu.

SYRIA/IRAN/ISRAEL

In message to Iranians, PM says Islamic Republic’s axis is crumbling due to chain reaction set off by Israel

By Amy Spiro

Issuing a video message aimed at the people of Iran, Prime Minister Benjamin Netanyahu says the Iranian axis was crumbling due to a “chain reaction” set off by Israel, and expresses his hope that Iran can “be free” and make peace globally.

Speaking in English with Persian subtitles, Netanyahu points out that Iranian leaders “spent over 30 billion dollars supporting [Bashar] Assad in Syria” before his regime “collapsed into dust.”

“Your oppressors spent billions supporting Hamas in Gaza. Today their regime lies in ruins,” he adds. “Your oppressors spent over 20 billion dollars supporting Hezbollah in Lebanon. In a matter of weeks, most of Hezbollah’s leaders, its rockets and thousands of its terrorists went up in smoke.”

Netanyahu — in his third video message addressing Iranians in recent months — said that the new reality today is “a chain reaction — a chain reaction to the pounding of Hamas, the decimation of Hezbollah, the targeting of [Hezbollah’s] Nasrallah, the blows we delivered to the Iran regime’s axis of terror. And all this came, as President Trump pointed out this week, ‘because of Israel and its fighting success.’”

He says that while Iran’s leaders “seek to conquer other nations, to impose fundamentalist tyranny on the Middle East,” Israel is seeking only to “defend our state. But in so doing, we’re defending civilization against barbarism.”

Addressing Iranian citizens, the prime minister says he believes that “just as we want peace with you, you want peace with us.”

“But you suffer under the rule of a regime that subjugates you and threatens us,” he says. “You know what this regime is truly terrified of? It’s terrified of you, the people of Iran. And one day, I know that, one day this will change. One day Iran will be free.”

END

SYRIA/ISRAEL/DRUZE

the Druze from Syria want to join their brethren, the Druze from Israel

(Jerusalempost)

‘What’s our fate, our brothers?’: Syrian Druze call to be annexed to Israel

A convention of dignitaries from the Druze village of Hader in the Syrian Golan called to join the Israeli Golan.

By OHAD MERLINDECEMBER 13, 2024 11:14Updated: DECEMBER 13, 2024 11:42

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-833318&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241212_1c3894f2c24f32135c65b5e9b6556e9f1197587d&useBunnyCDN=0&themeId=140&unitType=tts-player

“What’s our fate, our brothers?”

-“Israel!”

Viral videos circulating on social media depicted a gathering of dignitaries from the village of Hader, on the Syrian side of the Golan Heights, speaking in favor of joining Israel.

In the videos, a dignitary who spoke in front of a crowd of dozens, said: “In the name of the all the people of Hader, and if anyone objects, please say… if we have to choose, we will choose the lesser evil – to be annexed to the (Israeli) Golan!”

The speaker argued that Israel for them is ‘the lesser evil,’ warning that ‘the other evil coming our way,’ meaning the Islamist militias, would “take our wives, our daughters, our homes.”

https://twitter.com/i/status/1867472421873504384

The speaker continued, arguing he speaks on behalf of several villages in the region: “We are with those who preserve our dignity… I don’t mind if anyone is taking pictures or recording – we ask to be annexed to the Golan… The fate of Hader is the fate of the surrounding villages, we want to ask to join our kin in the Golan, to be free from injustice and oppression,” to which those present at the convention replied shouting: “We agree, we agree!”

‘Fear of retaliation’

A source from Syria explained to the Jerusalem Post that, as opposed to the major Druze population concentrations in the Suwayda area, who have protested against the Assad regime for over a decade, these villages in the Syrian Golan area have remained largely loyal to the now overthrown regime. The source explained that they now fear violent acts of retaliation from other Syrians who were opposed to the Assad regime. They also called on Israel to trust their good intentions, despite their former alignment with Assad.

“These villages were in fact an enclave surrounded by rebel groups, most of them Sunni Islamists,” added Dr. Yusri Khaizran, senior lecturer in the Department of Middle Eastern and Islamic Studies at Shalem College and a research fellow at the Harry S. Truman Institute for the Advancement of Peace at the Hebrew University.

“For years Israel faced a conflict: on the one hand, it sought to create a certain mechanism of understandings with rebel organizations in the Golan Heights; while on the other hand, Israel’s commitment to the Druze community in Israel prompted it to create a balancing equation, signaling to the Islamists that they will not be allowed to invade the Hader enclave and carry out violent mass massacres against the Druze.”

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Khaizran holds that the convention in Hader, in which the Druze dignitaries called to be annexed to Israel, stems from what he deemed the ‘falling apart of Syria.’ Even if it remains a state framework, Syria will de facto be subject to the control of militias, and I assume this comes in this context,” he explained, adding that Israel’s expanded military presence in the area and some family relations between the Druze on both sides of the Golan Heights may have also worked as a catalysator for this meeting.

“The Druze were never an anti-Israeli actor. In Hader they know very well that the one who prevented rebels from entering their towns and ‘settling the score’ was Israel, and that this was made out of Israel’s commitment to the Druze community here,” he stressed.

Khaizran continued: “Strikingly, the Druze community in Israel is the smallest of the Druze communities in the Middle East, yet it has essentially become the shield of the Druze, a center of gravity that can provide assistance to the Druze in Syria.”

“The Israeli Druze community has contributed much to the resilience of the Druze community in Syria, through their special status in Israel,” Khaizran highlighted. “We are constantly seeing the spiritual leadership of the Druze community in Israel, led by Sheikh Muwafaq Tarif, making efforts to defend and support their kin through various channels,” he added, referring to meetings Tarif has held in the past weeks with Israeli Prime Minister Netanyahu, and even the ruler of the United Arab Emirates, Sheikh Mohamed Bin Zayed.

Regarding the question of what political framework the Druze in Syria are aspiring for, Khaizran commented: “Some in Israel have envisioned a Druze state, but I believe that their aspirations are more toward a pattern of complete autonomy, as was the case until 1954. What’s more important for them is to deny the Islamist forces from entering their areas.”

Khaizran concluded: “Recent developments, from the fall of the Assad regime to the decimation of Hezbollah, are certainly in Israel’s favor. The only Israeli concern should be of Turkish hegemony in Syria, but in terms of the ripple effects of these events, it is all the more empowering for Israel.”

end

ISRAEL/SYRIA

(JERUSALEMPOST)

IDF troops reach Damascus’ doorstep, uncover Syrian military weakness

The IDF has historically trained extensively for operations involving Syrian army outposts

By AVI ASHKENAZIDECEMBER 13, 2024 15:31

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-833330&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241212_1c3894f2c24f32135c65b5e9b6556e9f1197587d&useBunnyCDN=0&themeId=140&unitType=tts-player

The 603rd Battalion of the IDF’s Combat Engineering Corps has reached Tel Hadar, the deepest point in Syria that Israeli forces have entered—10 kilometers from the Israeli border and just over 20 kilometers from Damascus.

“We left Al-Hiam last Wednesday for a weekend break. On Saturday, I received calls, and by Saturday night, the entire company had assembled in the Golan Heights. By Sunday, we were on Syrian soil,” recounted Captain Uri Almog, company commander in the 603rd Battalion.

“Our soldiers understand the importance of this mission and were excited—it’s not something to take for granted. We advanced to capture Tel Hadar under the Commando Brigade, but the first vehicle to set foot on the hill was from Brigade 7. This is the furthest the IDF has entered Syria. The last time was October 12, 1973, when Golani forces captured this mountain,” Almog explained.

Historic deployment

The IDF has historically trained extensively for operations involving Syrian army outposts, nicknamed “Syrian Pitas” for their fortified structure. However, in recent years, the IDF focused on threats from Lebanon and Gaza, not expecting to maneuver in Syrian territory.

“We weren’t trained for Syrian scenarios; we learned about Hezbollah and Hamas. Now, even with no enemy present, the terrain itself poses challenges. We grew up hearing stories about complex obstacles, but they weren’t as difficult as expected. Our bulldozers can handle everything. It’s clear their defenses weren’t well-maintained in our sector,” said Almog.

Currently, the soldiers are stationed nearly 10 kilometers inside Syria. “From here, you can see Damascus on one side, the Hermon slopes on another, and northern Israeli settlements behind us. Right now, we’re fortifying positions beyond the Alpha Line, expanding Israel’s defensive perimeter, and protecting Golan Heights residents,” Almog added.

Uncovering weapons

The IDF uncovered various weapons and equipment left by Syrian forces, much of which was in poor condition. Soldiers found three Syrian tanks that appeared neglected: “They’re rusty and unmaintained. I doubt they could breach Israel’s defenses,” Almog said.

Despite this, the Syrian outposts were surprisingly tidy: “The base was clean, with proper signage and trash bins. While their soldiers didn’t perform well, their maintenance teams did. We found old night-vision equipment, but it didn’t work despite trying all the batteries we had. Observation logs were also discovered.”

The logs, found across multiple Syrian outposts, detailed observations of Israeli movements. “One of my Druze soldiers translated entries like, ‘At this hour, an IDF force approached the fence,’ or, ‘A car or ambulance passed by Majdal Shams.’ Everything was recorded and filed,” Almog noted.

The soldiers are gearing up for harsh winter conditions. “It’s very cold, but the army provides everything we need. No soldier is left shivering. We make sure to stay hydrated, even though the cold suppresses thirst,” Almog said.

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The troops also reported encounters with local civilians. “A Syrian civilian signaled that he was hungry, so I gave him a combat ration. There was no hostility at any point,” Almog explained. Captain Almog’s parents, who live in Givat Avni, expressed concern for his safety. “My mother is very worried, and so is my father, although he doesn’t show it. They were most concerned when I was in Lebanon, but this time they understand the IDF is strong, and everything is secure,” Almog concluded.

END

LEBANON/ISRAEL

In Lebanon and Gaza: IDF locates weapons caches, tunnels, eliminates terrorists

The IDF reiterated that, while the brigade remains deployed in southern Lebanon, removing threats to Israel and its citizens, it is acting in accordance with the ceasefire agreement.

By JERUSALEM POST STAFFDECEMBER 13, 2024 12:44Updated: DECEMBER 13, 2024 12:49

https://player.jpost.com/public/player.html?player=jpost&media=3814375&url=https://www.jpost.com/israel-news/article-833324The IDF’s 769th Brigade operates in southern Lebanon. December 13, 2024. (Credit: IDF Spokesperson’s Unit)

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The IDF has been continuing operational activities in both Gaza and southern Lebanon, dismantling missile and rocket launch sites in both areas, the army reported on Friday.

In Lebanon, soldiers in the 769th Brigade discovered a large weapons store, including concealed Kornet missile launchers, AK-47 rifles, magazines, missiles, and other military equipment hidden in dense and mountainous terrain, the IDF said. 

https://player.jpost.com/public/player.html?player=jpost&media=3814372&url=www.jpost.comFootage of the weapons discovered in the area of southern Lebanon (IDF)

The IDF also reportedly removed an anti-tank missile launch site used by Hezbollah to fire at communities in the Upper Galilee.

A separate operation led to the discovery of a weapons cache containing RPG missiles and mortar shells.

The IDF reiterated that while the brigade remains deployed in southern Lebanon, removing threats to Israel and its citizens, it is nevertheless acting in accordance with the ceasefire agreement.

Developments in Gaza

Meanwhile, in Gaza, IDF troops have been working to dismantle a rocket launch site in an underground location in Beit Lahia.

Soldiers uncovered three underground multi-barrel launchers loaded with rockets and other weapon.

In Rafah, IDF troops said they located tunnel shafts, eliminated terrorists and dismantled terrorist infrastructure sites.

During military operations, a terrorist cell approached the troops before being struck by the IAF.

Developments in Syria

Given the recent developments in Syria, soldiers have been sent to the buffer zone and the Golan Heights area.

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Israeli Defense Minister Israel Katz has ordered Israeli troops to prepare to remain on Mount Hermon, a strategic location overlooking Damascus, during winter, a statement from his office said on Friday.

“Due to what is happening in Syria – there is enormous security importance to our holding on to the peak of Mount Hermon,” the statement said.

END

GAZA/ISRAEL

IDF intercepts two rockets from central Gaza that triggered sirens in Ashkelon

By Emanuel Fabian

Two rockets launched from the central Gaza Strip at southern Israel were intercepted by air defenses a short while ago, the military says.

Sirens had sounded in Ashkelon and surrounding towns near the Gaza border amid the attack.

There are no reports of injuries or damage.

The Palestinian Islamic Jihad terror group takes responsibility for the rocket fire.

RUSSIA/UKRAINE

Russia Launches Massive Attack On Ukrainian “Critical Fuel & Energy Infrastructure”

Friday, Dec 13, 2024 – 07:20 AM

Russia launched a massive drone and missile strike against Ukraine on Friday in retaliation for Kyiv’s recent use of the US-supplied Army Tactical Missile System (ATACMS) against a Russian military base.

ABC News quoted Ukrainian President Volodymyr Zelenskyy, who said Russia launched 93 missiles and nearly 200 drones targeting the country’s energy infrastructure. This was one of the largest bombardments against Ukraine’s energy sector since the invasion began almost three years ago.

Zelenskyy said Ukrainian defense forces intercepted 81 missiles, including 11 cruise missiles shot down by Western-supplied General Dynamics F-16 Fighting Falcon fighter jets.

He accused Russia of continuing to “terrorize millions of people” with these reckless assaults, renewing his request to the international community for intervention and more support for Ukraine.

“A strong reaction from the world is needed: a massive strike – a massive reaction. This is the only way to stop terror,” Zelenskyy said.

Meanwhile, the Russian Defense Ministry published a statement on its official Telegram channel, claiming that the retaliatory strike hit all intended targets:

“In response to the use of American long-range weapons, Russia’s Armed Forces launched a massive strike with high-precision long-range air- and sea-based weapons and UAVs on critical fuel and energy infrastructure facilities in Ukraine that support the operation of the military-industrial complex.”

On Wednesday, Ukraine fired six ATACMS at a Russian airfield inside the country’s sovereign territory. Russia claimed after the attack that all missiles were intercepted.

Reports on X indicate that Ukraine’s state-run energy company, Ukrenergo, warned that up to 50% of residential customers could be without power after today’s attack.

RUSSIA/

Moscow Moves To Ban Migrant Kids From School Unless Proficient In Russian

Friday, Dec 13, 2024 – 02:00 AM

Authored by Liz Heflin via Remix News,

Russia’s Duma passed a bill yesterday banning children who are not proficient in Russian from attending school. The law takes aim at migrant children, who must now pass a Russian language proficiency exam.

The State Duma, which passed the bill 409-1, is the lower house of Russia’s Federal Assembly.

Duma Speaker Vyacheslav Volodin also clarified that migrant children will have their legal status in the country checked, that is, if they are living in the country legally. 

The upper house of Russia’s parliament, the Federation Council, is expected to pass the bill as well, with it set to come into force in April 2025 after President Vladimir Putin signs it into law.

Volodin claimed that 41 percent of migrant children had “difficulty” speaking Russian at the start of the 2024-2025 school year. He also said 14 bills in total have been passed to combat illegal migration this year. 

Putin’s tightening of migration policy is not a surprise after the Islamic State claimed responsibility for the attack at a concert at Crocus City Hall in Moscow that left 145 dead and 551 injured. 

Tajikistanis purportedly carried out the IS plan, with mass police raids and deportations of migrants from Tajikistan and other former Soviet Central Asian republics in the wake of the attack.

Just this past June, Islamic terror attacks targeted an Orthodox church in the town of Makhachkala, the capital of Dagestan; a synagogue in the town of Derbent; and a police station in Makhachkala.

In response to this bill, Amnesty International’s Russia Director, Natalia Zviagina, said:

“This bill not only blatantly violates international law, which Russia is bound by, but also the country’s own Constitution, which prohibits discrimination and guarantees everyone the right to free school education. It is a gross display of xenophobia elevated to the level of state policy.”

Read more here…

RUSSIA/INDIA

Five Takeaways From The Historic Russian-Indian Oil Deal

Friday, Dec 13, 2024 – 09:45 AM

Authored by Andrew Korybko via substack,

Russia is recalibrating its balancing act within the RIC triangle.

Reuters reported that Russia agreed to supply India with nearly half a million barrels of discounted oil a day for 10 years in a deal that’s worth $13 billion a year at today’s prices and amounts to 0.5% of global supply.

It follows Defense Minister Singh’s visit to Moscow where he praised their friendship as “higher than the highest mountain and deeper than the deepest ocean” and precedes Putin’s trip to India next year.

This is a historic deal with many implications, the top five most significant of which are as follows:

1. Reliable Revenue & Accelerated Growth

Russia will receive reliable budgetary revenue while India’s growth will accelerate from the large-scale import of discounted oil, thus enabling the first to better manage sanctions pressure while the second will approach its goal of becoming the world’s third-largest economy at a faster pace. This decade-long arrangement also creates a solid basis for diversifying from their strategic partnership’s hitherto military–centricity, and it’s possible that some of Russia’s forthcoming profits could be reinvested inside of India.

2. Russia’s South Asian Energy Pivot

The abovementioned trend is part of Russia’s South Asia energy pivot, which also includes Afghan and Pakistani dimensions that were elaborated on here in terms of the larger context. The Kremlin plans to preemptively avert potentially disproportionate dependence on China by relying on the South Asian market, with India at its core, as a counterbalance. RT importantly informed their audience that “The new deal reportedly accounts for roughly a half of Rosneft’s seaborne oil exports from Russian ports.”

3. OPEC+ Probably Won’t Mind All That Much

Oilprice.com wrote that the deal “could cause friction among OPEC+ members as Russia encroaches on Gulf producers’ market share in India”, but while Russia is now India’s top oil supplier at around one-third of its needs, that still leaves the other two-thirds for Saudi Arabia and the UAE to fill. Moreover, Russia isn’t their competitor in the ASEAN, European, or Japanese markets, those two Gulf Kingdoms’ leaders have excellent personal ties with Putin, and their bilateral relations with Russia are close too.

4. Trump Isn’t Expected To Sanction India

It was assessed last month that “Trump Can Repair The Damage That Biden Dealt To Indo-US Ties” due to his incoming Indophilic team, hence why he isn’t expected to sanction India for this historic deal. His grand strategic goal is to “un-unite” Russia and China in order to more effectively contain the latter, to which end it serves US interests for Russia to rely more on India as a counterweight to China. If he imposes any oil-related sanctions, it might be on China to reduce Russia’s supply to it, not on India.

5. China’s Basement-Bargain Price Demands Backfired

The basement-bargain prices that China reportedly began to demand after February 2022 in exchange for clinching a deal on the long-negotiated Power of Siberia 2 gas pipeline shocked Russian policymakers since they conformed to hitherto unbelievable Western reports about that country’s exploitative nature. To be sure, relations are at an historic high and bilateral trade has never been better, but this bitter experience led to the Kremlin preferring India over China as Russia’s most strategic energy partner.

The historic Russian-Indian oil deal is a new milestone in these two’s decades-long strategic partnership. It proves that their relations are enduring and expanding in spite of external pressures.

Just as importantly, it also disproves speculation that Russia is leaning towards China at India’s expense in the RIC triangle, which forms the core of BRICS and the SCO.

To the contrary, Russia is now very clearly leaning closer towards India, though this isn’t at China’s expense nor will it ever be.

END

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

Trump Says RFK Jr. Will Study Possible Link Between Childhood Vaccines And Autism As HHS Secretary

Thursday, Dec 12, 2024 – 06:25 PM

Authored by Jeff Louderbeck via The Epoch Times,

President-elect Donald Trump said on Dec. 8 that he will give Robert F. Kennedy Jr. the freedom to investigate the potential link between vaccines and autism if the latter gains Senate confirmation to become Secretary of Health and Human Services (HHS).

Kennedy has said for years that autism is likely tied to childhood vaccines.

He was nominated to serve as HHS secretary by Trump last month and has promised sweeping changes to agencies under the HHS, like the Centers for Disease Control and Prevention (CDC), the National Institutes of Health (NIH), and the Food and Drug Administration (FDA).

The NIH supports and funds research into autism, as well as potential new vaccines.

Kennedy told The Epoch Times in September that he would revamp the NIH to focus on the causes of autism, autoimmune diseases, and neurodevelopment diseases instead of developing drugs and serving as an incubator for pharmaceutical products.

In the Dec. 8 interview with Meet The Press, Trump noted that autism cases have increased in recent decades. When asked if Kennedy would explore the issue, Trump said he is “open to anything.”

“When you look at some of the problems, when you look at what’s going on with disease and sickness in our country, something’s wrong,” Trump said.

“I think somebody has to find out. If you go back 25 years ago, you had very little autism. Now you have it.”

CDC information shows that around one in 36 American children today has an autism diagnosis, compared to one in 150 in the year 2000.

Fighting chronic disease, improving children’s health, and addressing corporate influence on government agencies were vital parts of Kennedy’s campaign platform when he ran for president as a Democrat and then as an independent.

Kennedy suspended his presidential campaign and backed Trump in August. He told The Epoch Times that it was a “heart-wrenching decision” and a necessary step toward achieving his mission of saving Americans from the chronic disease epidemic.

Under the “Make America Healthy Again” campaign, Kennedy intends to curtail what he calls the chronic disease epidemic by addressing the so-called “corporate capture” of federal health agencies and removing toxic chemicals from the nation’s food supply, among other objectives.

Leading to announcing his presidential bid in April 2023, Kennedy was chairman of Children’s Health Defense, a nonprofit organization devoted to removing toxic exposures that harm children and promoting vaccine safety.

Robert F. Kennedy Jr. speaks to reporters at the media filing center and spin room at the Pennsylvania Convention Center ahead of the presidential debate between Republican nominee former President Donald J. Trump and Democratic nominee Vice President Kamala Harris in Philadelphia on Sept. 10, 2024. Madalina Vasiliu/The Epoch Times

He co-founded the World Mercury Project in 2016 with the intent to remove neurotoxic mercury in fish, medical products, dental amalgams, and vaccines; and make sound science the driver of public policy, according to the Children’s Health Defense website.

The World Mercury Project became Children’s Health Defense in 2018. The organization’s four pillars include advocacy, education, litigation, and science.

On Dec. 4, Kennedy submitted his letter of resignation from CHD.

“One of my most important priorities is to have the agencies I oversee provide better access to minority scientific and public policy views,” he wrote.

“I promise you and the members of CHD to bring a new openness and inclusion to the health and science part of the government, both in receiving input from the public and all stakeholders, and disseminating information and the data collected by these agencies.”

Several Republicans have praised Trump’s move to nominate Kennedy as HHS secretary.

Some critics opposed the nomination because they considered Kennedy to be anti-vaccine or anti-science—characterizations that Kennedy has said are not true.

Rep. Robert Garcia (D-Calif.) called Kennedy a conspiracy theorist and said that “he will destroy our public health infrastructure and our vaccine distribution systems.”

Peter G. Lurie, president of the Center for Science in the Public Interest, said in a statement that the center “opposes this nomination“ and that ”nominating an anti-vaxxer like Kennedy to HHS is like putting a Flat Earther at the head of NASA.”

Kennedy has consistently said that he isn’t against vaccines and that he advocates vaccine safety and informed consent.

For parents and vaccine safety advocates like MaryJo Perry and Scott Shoemaker, extensively studying potential links between childhood vaccines and autism is long overdue.

“I don’t understand the hysteria over his plan to thoroughly study the issue and finally settle it,” said Perry, who is president of Mississippi Parents for Vaccine Rights. “Why would anyone be afraid of knowing the truth?”

Shoemaker’s son was diagnosed with autism at the age of 15 months, and he said he reversed the condition by removing toxic metal poisoning.

“Shouldn’t we as parents want to know whether or not what we are allowing to go into our children’s bodies is safe?” said Shoemaker, who is president of Health Freedom Ohio.

A video documenting the changes that he posted in 2019 was removed by Facebook, he told The Epoch Times.

“My son had an MMR shot. He was in bed for two weeks when he got home. At the time, I wasn’t concerned because the doctor said before the shot that some kids have problems with it and they might feel sick,” Shoemaker said.

“He was different after the shot. He didn’t talk or look us in the eye. It was hard to get his attention. I experienced what most parents of vaccine-injured children experience from medical professionals. We are gaslit and told they don’t know what caused the autism, but it’s not the vaccines that caused the problem.”

Signed by President Ronald Reagan, the National Childhood Vaccine Injury Act (NCVIA) of 1986 eliminated potential liability of vaccine manufacturers because of vaccine injury claims. Perry and Shoemaker would like to see pharmaceutical companies held liable if their products injure recipients. They also hope that, under Kennedy, the CDC’s vaccine schedule is addressed.

According to Children’s Health Defense, there has not been a double-blind placebo-controlled safety study on infant vaccines.

“That needs to happen,” Perry told The Epoch Times. “There is no liability and no accountability for pharmaceutical companies. That needs to change.”

Perry said that she believes no vaccine should be mandated.

“If it’s good and safe, parents will use it. You won’t have to coerce parents if it’s good and safe,” she said.

Shoemaker agrees.

“The bottom line is we want the truth. We want safe products for our kids. We don’t want big pharma to just say vaccines are safe and effective and they can’t show non-partisan studies,” he said.

“We’re told by government agencies that the science is settled, but that is contrary to the purpose of science—to test, retest, study, and evolve.”

Shoemaker said Kennedy is the right person to bring the changes parents like him would like to see.

“He is not tied to big pharma. He just wants the truth and he is someone who is not afraid to do what is needed to get to the truth,” Shoemaker said.

Kennedy will face confirmation hearings with the Senate Finance Committee, which is scheduled to be led by Sen. Mike Crapo (R-Idaho). The full Senate will vote on his nomination if he is approved by that panel.

Kennedy said he believes little will change until the influence of giant or private corporations on the FDA, the CDC, and the Department of Agriculture is addressed.

During an interview with The Epoch Times last year, he explained his stance.

“I’ve never been anti-vaccine. People should have choice, and that choice should be informed by the best information possible,“ he said. ”I’m going to ensure that there are science-based safety studies available and people can make their own assessments about whether a vaccine is good for them.”

MARK CRISPIN MILLER

DR PAUL ALEXANDER

NIH did not insist, FDA did not insist so Pfizer & Moderna et al. DID NOT perform any Malone et al. mRNA vaccine shedding studies; why should they with no regulator demand? Yet is there potential

indirect transmission of content of mRNA transfection vaccines via shedding? From VACCINATED to UNVACCINATED? A new study raises alarm as MENSTRUAL abnormalities strongly linked to Vaccinated persons

Dr. Paul AlexanderDec 12

READ IN APP

Key finding (Table 4 page 1450 3rd column from the left) is that in unvaccinated women who are daily within 6 feet of vaccinated outside the household, there is a 34% increased risk of heavier menstrual bleeding than normal RR 1.34 [95% CI 1.08, 1.65], a 28% increased risk of early menses > 7 days early RR 1.28 [1.03, 1.59], and a 26% increased risk of extended menstrual bleeding RR 1.26 [1.01, 1.57].

Menstrual Abnormalities Strongly Associated with Proximity to COVID-19 Vaccinated Individuals | International Journal of Vaccine Theory, Practice, and Research

Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Upgrade to paid

Peters et al.

END

EVOLS NEWS

Major National Retailer with 850 Stores Mulls Bankruptcy — Prompting Fears of Mass Closures – EVOL

Read more…

Watch: Postmaster General Claps Hands Over Ears When Congressman Hits Him with Hard Questions – EVOL

Read more…

2 Black Teachers Sue High School for Racism Because Students Wore Trump Hats – EVOL

Read more…

Supreme Court Issues Big Immigration Ruling, Could Benefit Trump – EVOL

Read more…

Video Shows Mitch McConnell Can Barely Walk After Fall – EVOL

Read more…

FBI Director Christopher Wray Announces His Resignation – EVOL

Read more…

Trump invites China’s Xi Jinping to his inauguration – EVOL

Read more…

Christopher Wray has resigned as FBI Director – EVOL

Read more…

SLAY NEWS

The latest reports from Slay News

Red Alert Issued as Excess Deaths Still Skyrocketing in Covid-Vaxxed ChildrenA world-renowned data expert has just issued a red alert after uncovering evidence that reveals excess deaths are continuing to skyrocket in children who received Covid mRNA “vaccines.”READ MORE

Pfizer Caught Hiding Sudden Deaths During Covid ‘Vaccine’ TrialsPfizer has been caught hiding sudden deaths during the clinical trials for the pharmaceutical giant’s Covid mRNA “vaccine.”READ MORE

Democrat D.C Councilman Faces Expulsion as New Allegations Emerge Amid Bribery ScandalRadical Washington D.C. Councilman Trayon White is facing expulsion after new allegations of violations have emerged.READ MORE

Trump: RFK Jr Will Investigate Links Between Vaccines and Autism as HHS ChiefPresident Donald Trump has revealed that he will authorize Robert F. Kennedy Jr. to investigate the potential links between childhood vaccines and autism once he wins the confirmation to lead the Department of Health and Human Services (HHS).READ MORE

Left Outraged as Florida Democrat Dumps Party, Flips to GOPFlorida state legislator Susan Valdes has announced that she is leaving the Democratic Party and joining the GOP, provoking outrage from the Left.READ MORE

New York Times: Biden Caused Biggest Surge of Illegal Immigration in American HistoryThe left-wing New York Times has hung lame-duck President Joe Biden out to dry by exposing the staggering levels of illegal immigration he’s caused.READ MORE

Photos Emerge Linking Jennifer Lopez to Child Abuse Allegations Against Jay-Z & DiddyPhotos have surfaced that link Hollywood star Jennifer “J Lo” Lopez to allegations of child abuse against her ex-boyfriend Sean “Diddy” Combs and rapper Jay-Z.READ MORE

Trump Named as Time Magazine’s ‘Person of the Year’President Donald Trump has been named Time magazine’s “Person of the Year.”READ MORE

Supreme Court Deals Major Blow to Green Card Fraud in Unanimous DecisionThe United States Supreme Court unanimously upheld the authority of the government to revoke visas for fraudulent marriages.READ MORE

Trump’s White House Press Sec Slams Biden’s ‘Dereliction of Duty,’ Promises More Media AccessPresident Donald Trump’s incoming White House Press Secretary Karoline Leavitt has promised there will be far more media access to the POTUS in the new administration.READ MORE

Bill Clinton: ‘Trump Won the Race Fair and Square’ in 2024 Because ‘This Time’ There Was No ‘Outside Influence’Bill Clinton has admitted that President Donald Trump “won the race fair and square” during the 2024 presidential election.READ MORE

Christopher Wray Announces Resignation Before Trump Can Fire FBI ChiefFBI Director Christopher Wray has announced he is resigning from the federal agency before President Donald Trump can fire him.READ MORE

Democrat Rep Bowman Responds to Penny Acquittal by Calling on Leftists to ‘Join Us in Fighting to End White Supremacy’Outgoing radical Democrat Rep. Jamaal Bowman (D-NY) has argued that hero Marine veteran Daniel Penny’s acquittal was the result of “white supremacy.”READ MORE

NEWS ADDICTS

Biden Extends Covid ‘Emergency Declaration’ to Shield Big Pharma from Liability Until 2029The Biden administration has quietly extended a controversial “emergency declaration” under the Public Readiness and Emergency Preparedness (PREP) Act until December 31, 2029. “Secretary Becerra signed the 12th amendment to the declaration under the PREP Act for COVID-19 Medical Countermeasures. The Secretary issues this amendment pursuant to section 319F–3 of the Public Health Service Act to extend the duration of …READ THE FULL REPORT

Major National Retailer with 850 Stores Mulls Bankruptcy — Prompting Fears of Mass ClosuresA major party and craft retailer with 850 stores across the nation is considering filing for bankruptcy. Party City has been faced with the possibility of mass closures just a little over a year after the company surfaced from Chapter 11 bankruptcy. The celebration retailer, known for selling balloons and essential party supplies, is currently behind on rent at some …READ THE FULL REPORT

FBI Director just RESIGNED earlyFox News is just reporting that FBI Director Christopher Wray has just announced his resignation instead of waiting to be fired by President-elect Trump. Here’s the news: JUST IN – FBI Director Christopher Wray resigns.pic.twitter.com/eLDF28EwMq — Disclose.tv (@disclosetv) December 11, 2024 Good riddance.READ THE FULL REPORT

Watch: Postmaster General Claps Hands Over Ears When Congressman Hits Him with Hard QuestionsPostmaster General Louis DeJoy was trolled on social media for covering his ears like a toddler throwing a tantrum after being criticized for mismanaging the U.S. Postal Service. The cringeworthy incident occurred Tuesday while Republican Rep. Rich McCormick of Georgia torched DeJoy during a House Oversight and Accountability Committee hearing titled “Oversight of the U.S. Postal Service.” DeJoy was slammed …READ THE FULL REPORT

2 Black Teachers Sue High School for Racism Because Students Wore Trump HatsTwo black teachers plan to sue Beverly Hills High School, alleging racism by pro-Trump students. “We allege discrimination, harassment, retaliation, racial comments, physical threats,” said attorney Brad Gage in a press conference announcing the lawsuit. Massive crowd of students gathered with Trump flags and pro-Trump apparel at Beverly Hills High School the day after the election. This prompted an email …

READ THE FULL REPOR

WATCH: CNN’s Scott Jennings explains one of President Trump’s greatest superpowersCNN’s Scott Jennings was asked today about the impact that President-elect Trump has had on the shape of politics this year alone and proceeded to give a fantastic answer, including what he argues is one of Trump’s greatest super powers: “One of the superpowers of Donald Trump is that he’s the breaker of narratives. There were always narratives around him …READ THE FULL REPORT

DOJ Reveals 26 FBI Informants Were Present on Jan. 6Justice Department Inspector General Michael Horowitz said there were more than two dozen confidential human sources (CHSs) in the crowd outside the Capitol on Jan. 6, 2021, but only three were assigned by the FBI to be present for the event, while stressing that none of the sources was authorized or directed by the bureau to “break the law” or …READ THE FULL REPORT

Bomb Threat at MTG Home Results in Fatal Car CrashA woman was killed after getting into a car accident with a police officer who was responding to a bomb threat at Congresswoman Marjorie Taylor Greene’s house. The woman has been identified as Tammie Pickelsimer, according to ABC News. “I’m heartsick right now. I was just informed that an innocent woman died today in an auto accident involving a member …READ THE FULL REPORT

Biden Goes on Pardon Spree for ‘Largest Single-Day Grant of Clemency in Modern History’President Joe Biden, with just a little over a month to go before President-elect Donald Trump is inaugurated, just pulled off the “largest single-day grant of clemency in modern history,” according to the White House itself. “Today, President Biden announced that he is granting clemency to nearly 1,500 Americans — the most ever in a single day — who have …READ THE FULL REPORT

The White House Has an Explanation for the Mystery DronesAs local authorities, Congress and residents of New Jersey demand answers about a number of mystery drones flying over neighborhoods and sensitive areas, the White House is stepping in to try and explain what is going on. According to National Security Council Spokesman John Kirby the “drones” people are seeing and reporting are manned planes and there is no reason …READ THE FULL REPORT

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

7.OIL AND NATURAL GAS ISSUES/GLOBAL

Canadian Dollar Tumbles After Turdeau (sic) Reportedly Weighs Export Tax On Uranium, Oil

by Tyler Durden

Thursday, Dec 12, 2024 – 03:23 PM

In a cute show of strength, Canada has flexed its tiny muscles for a second day in a row and in what it believes is an attempt to intimidate the Trump admin, has threatened to cut off its biggest customer from the one thing that keeps Canada’s economy running (hint: it’s not illegal aliens or illicit Chinese real estate funs): exports.

According to Bloomberg, Canada is examining the use of export taxes on major commodities it exports to its largest trading partner – the United States – including uranium, oil and potash, to retaliate if incoming president Trump carries out his threat to impose broad tariffs.

Today’s threat comes one day after Ontario premier Doug Ford (brother to infamous, and now deceased, Toronto mayor Rob Ford) also flexed what little muscles he has under that copious shell, and suggested that the province would cut off electricity exports to the US over Trump’s tariff threat (which amounts to some 14 million MWh, or enough to power to large data centers).

Citing officials familiar with the discussions inside Prime Minister Justin Trudeau’s government, Bloomberg reports that export levies would be a last resort for Canada. Retaliatory tariffs against US-made goods, and export controls on certain Canadian products, would be more likely to come first.

But commodity export taxes, which would drive up costs for US consumers, farmers and businesses, would be a real option if Trump decides to start a full-scale trade war, said the Bloomberg sources.

The government of Turdeau, who recently hobnobbed with Trump at Mar-A-Lago exuding a self-indulgent smarminess found only among fanatical supporters of Fidel Castro, may also propose giving itself expanded powers over export controls as part of a scheduled update on the country’s fiscal and economic situation to be released on Monday. But since Turdeau’s government is already socialist, will anyone know the difference.

Even though the US is essentially self-sufficient, Canada remains the largest external supplier of oil to the US as some refineries depend on buying cheaper Canadian heavy crude and have few alternatives to it (all that would be required to make Canadian oil imports redundant, is a few billion in refinery capex spending). As a result, the US Midwest may be hit by higher costs. Fuel makers in the region rely on Canada for almost half of the crude they turn into gasoline and diesel. Of course, if Canada doesn’t export its oil, its economy which is far less diversified, will be hit far harder if it were to voluntarily exclude its largest trading partner.

Canadian uranium is also the biggest foreign source of fuel for US nuclear power plants, and potash from the country’s western provinces is a huge source of fertilizer for American farms. Meanwhile, the US Department of Defense has prudently been investing in Canadian projects to secure sources of cobalt and graphite and reduce reliance on Chinese supply chains.

For those reasons, analysts have said they expect Trump will exempt commodities from his threat to place 25% levies on goods from Mexico and Canada, and focus instead on using tariffs against their manufacturing industries. In Canada’s case, that includes the auto manufacturing, aerospace and aluminum sectors, which are centered in Ontario and Quebec, where about 60% of Canadians live.

It’s unclear if that would change things: Turdeau’s government (sic) would have no choice but to respond if Trump simply exempted energy while hitting all other Canadian products, said Bloomberg sources, adding that’s a scenario that could prompt the use of export taxes by Canada.

But for the prime minister, going down this path would cause serious political divisions within Canada. Oil, uranium and potash production are concentrated in the western provinces of Alberta and Saskatchewan. Those provinces are the strongest voter base for Conservative Leader Pierre Poilievre, and their provincial governments are staunch right-wing opponents of Trudeau.

In short, while Turdeau may retaliate in a Trump trade war, such an action will likely be his last.

“It’s a terrible idea,” Alberta Premier Danielle Smith said when asked about the possible use of export taxes.

“I don’t support tariffs on Canadian goods and I don’t support tariffs on US goods because all it does is make life more expensive,” Smith said. “Instead, we’re taking a diplomatic approach and we’re meeting with our allies in the US.”

Saskatchewan Premier Scott Moe said export taxes “are the wrong approach and Saskatchewan will vehemently oppose the federal government imposing export taxes on our potash, uranium or oil.”

The market, however, does not have patience to see how all this plays out, and sent the loonie to a two year low, with the USDCAD surging to 1.420, the highest since the April 2020 depths of the covid crash.

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

BRICS

CANADA

.

YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS FRIDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR:  1.0518 UP 45 BASIS PTS

USA/ YEN 153.40 UP 0.814 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 1.2660 DOWN .0018

USA/CAN DOLLAR:  1.4226 UP 0.0010 (CDN DOLLAR DOWN 10 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 69.62 PTS OR 2.01%

 Hang Seng CLOSED DOWN 378.70 OR 0.95%

AUSTRALIA CLOSED DOWN 0.43%

 // EUROPEAN BOURSE:     ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL GREEN

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 173L51 PTS OR 2.31%

/SHANGHAI CLOSED DOWN 69.62 PTS OR 2.01%

AUSTRALIA BOURSE CLOSED DOWN 0.27%

(Nikkei (Japan) CLOSED DOWN 378.70 PTS OR 0.95%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 2670.20

silver:$30.72

USA dollar index early FRIDAY  morning: 106.47 DOWN 18 BASIS POINTS FROM  THURSDAY’s CLOSE.

FRIDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing  FRIDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.678% UP 9 in basis point(s) yield

JAPANESE BOND YIELD: +1.035% DOWN 0 AND 5/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 2.889 UP 9 in basis points yield

ITALIAN 10 YR BOND YIELD 3.354 UP 7 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2315 UP 7 BASIS PTS

END

IMPORTANT CURRENCY CLOSES :  FRIDAY  

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

Euro/USA 1.0493 UP .0018 OR 18 basis points

USA/Japan: 153.59 UP 0.999 OR YEN IS DOWN 99 BASIS PTS//

Great Britain 10 YR RATE 4.4295 UP 4 BASIS POINTS //

Canadian dollar DOWN .0014 OR 14 BASIS pts  to 1.4230

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY ON SHORE CLOSED D0WN 7.2834 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.2849)

TURKISH LIRA:  34.95 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +1.035

Your closing 10 yr US bond yield UP 4 in basis points from THURSDAY at  4.364% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.583 UP 4 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.218 UP 5  BASIS PTS.

GOLD AT 11;00 AM 2659.90

SILVER AT 11;00: 30.43

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

London: CLOSED DOWN 11.47 PTS OR 0.14%

German Dax :  CLOSED DOWN 20.35 OR 0.18%

Paris CAC CLOSED DOWN 11.37 PTS OR 0.15%

Spain IBEX CLOSED DOWN 12.70 OR 0.11%

Italian MIB: CLOSED UP 31.42 OR 0.09%

WTI Oil price  70.05 12 EST/

Brent Oil:  73.90 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  103.99 ROUBLE UP 0 AND  98/100      

GERMAN 10 YR BOND YIELD; +2.2315 UP 7 BASIS PTS.

UK 10 YR YIELD: 4.4295 UP 4 BASIS POINTS

CDN 10 YEAR RATE: 3.189 UP 3 BASIS PTS.

CDN 5 YEAR RATE: 2.986 UP 4 BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0495 UP 0.0022 OR 22 BASIS POINTS

British Pound: 1.2615 DOWN 0.0061 OR 61 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.410 UP 4 BASIS PTS//

JAPAN 10 YR YIELD: 1.035

USA dollar vs Japanese Yen: 153.71 UP 1.12 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.4233 UP 0.0017 CDN DOLLAR DOWN 17 BASIS PTS

West Texas intermediate oil: 71.66

Brent OIL:  74.42

USA 10 yr bond yield UP 8 BASIS pts to 4.409

USA 30 yr bond yield UP 7 BASIS PTS to 4.621%

USA 2 YR BOND: UP 5 PTS AT  4.245

CDN 10 YR RATE 3.210 UP 5 BASIS PTS

CDN 5 YEAR RATE: 2.996 UP 5 BASIS PTS

USA dollar index: 106.68 UP 4 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.95 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  104.50 UP 0 AND  48/100 roubles

GOLD  2,650.70 3:30 PM

SILVER: 30.44 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 86.06 PTS OR 0.20%

NASDAQ UP 164.98 PTS OR 0.76%

VOLATILITY INDEX: 13.62 DOWN 0.30 PTS OR 2.16%

GLD: $244,39 DOWN 2.99 OR 1.21%

SLV/ $27.73 DOWN 0.43 OR 0-.1.60%

TORONTO STOCK INDEX// TSX INDEX: DOWN 124.91 PTS OR 0.49%

end

USA AFFAIRS

USA TRADING TODAY CLOSING

Stagflation Fears Spark Rate-Cut Rout; Tail-Risk Hedging Reaches Record High

MORNING TRADING/

END

II USA DATA

III USA ECONOMIC NEWS

Operators Of LAX Restaurants Face A $30 Hourly Wage

by Tyler Durden

Thursday, Dec 12, 2024 – 07:15 PM

By Peter Romeo of Restaurant Business,

The City Council of Los Angeles is scheduled to consider a proposal on Dec. 11 to raise the minimum wage for workers employed in the restaurants at Los Angeles International Airport (LAX) to $30 an hour.

The initiative slated for consideration calls for increasing the minimum wage to $25 an hour no later than six months after traffic in the airport resumes the levels of 2019, or before air travel dropped precipitously because of the pandemic. That threshold is expected to be reached possibly this year, meaning the increase would come in 2025.

The minimum would then rise by $1 every July until the pay floor reaches $30 an hour.

The minimum permissible wage for the workers is currently $19.25.

Hotel employees covered by a collective bargaining agreement hammered out with the city during the first quarter of 2024 would also be eligible for the raises. The trigger for those workers would be hitting the occupancy rate enjoyed by city hotels in the pre-pandemic days of 2019.

Workers in several dozen hotels would be affected.

The Airport Restaurant & Retail Association, a trade group for airport concessionaires, called the proposal “a bridge too far.” It noted that the proposed increases would amount to a 56% wage hike over a four-year period for the eligible employees.

According to the association, the wages of airport-restaurant employees have been soaring. The lift is coming in part because of the additional challenges someone working in an airport restaurant is forced to address. For instance, their trip to work can easily take 45 minutes because they have to traverse the airport and contend with security screenings. Someone working in a streetside facility may need only 10 minutes to get to the job, the group stressed.

In addition, nearly 70% of airport concession workers are covered by collective bargaining agreements.

The proposal to be considered by the City Council is the result of what labor authorities called segmental bargaining, or negotiating a labor contract across a group of employees doing similar work across a multitude of employers.

Segmental bargaining came to the restaurant industry in April with the creation of the Fast Food Council, a nine-person panel empowered by the state to set wages for fast-food employees who work for a restaurant with at least 59 sister branches nationwide. The council consists of four workers’ representatives and four employers, with a neutral government worker wielding a ninth and potentially tie-breaking vote.

Simultaneous with the creation of the council, the minimum wage for covered fast-food workers rose to $20 an hour on April 1, from a previous floor of $16.

end

UnitedHealthcare CEO Assassination Could Spark “Next Wave” Of “Occupy Wall Street 2.0,” Warns Security Expert

Thursday, Dec 12, 2024 – 11:00 PM

In an interview, QUX Technologies CEO Keith Hanson told Fox News that the death of UnitedHealthcare’s CEO could ignite the “next wave” of the Occupy Wall Street movement.

“It’s the Occupy Wall Street 2.0 at this point where you have the original wave of the ‘everybody gets a trophy’ generation was hitting the real world and suddenly realizing that everybody from their teachers to their professors at college had pretty much lied to them about the way that the real world works,” Hanson said.

The law enforcement trainer continued: “And now I’m starting to see an uptick in the resentment and the vitriol towards corporations and to corporate CEOs. And I guess it would make sense that this is kind of the next wave. I mean, this is basically the proletariat rising against the bourgeois class and taking what’s theirs. And it’s concerning.”

In New York City, posters featuring UnitedHealthcare CEO Brian Thompson’s portrait marked with a red X appeared around town, alongside “wanted” images of other top healthcare CEOs.

https://twitter.com/i/status/1866955267767738699

https://twitter.com/iAnonPatriot/status/1866991103385407824

https://twitter.com/i/status/1866977385545150578

https://twitter.com/Fly_Sistah/status/1867214499738206283

In Seattle, a construction sign read: “One less CEO, Many more to go.” 

https://twitter.com/i/status/1867186211493990461

Hanson disclosed that following the assassination of CEO Brian Thompson last week, allegedly by 26-year-old Ivy League graduate Luigi Mangione, corporate America has been ramping up private security amid fears of copycat attacks.

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

TUCKER CARLSON INTERVIEWING

KING REPORT

The King Report December 13, 2024 Issue 7390

Independent View of the News

As expected, the ECB cut its deposit rate to 3% from 3.25%, the third straight rate cut.  The ECB has cut its deposit rate by 100bps since June.  The ECB indicated that more rates are coming; and it aped the Fed by stating the ECB “will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary-policy stance.”   The market is pricing in about 125bps of ECB cuts for 2025.   SNB (Swiss National Bank) Suprises with Half Point Rate Cut to Stem Gains in Franc – BBG The central bank’s biggest reduction in almost 10 years is a statement of intent from Schlegel at his first decision as president… Borrowing costs are now only two quarter-point steps away from zero. After that point, officials would need to choose between market interventions to currency gains or else going negative — options which each come at a cost… https://finance.yahoo.com/news/snb-cuts-key-rate-half-084014686.html   SNB’s Schlegel Says Nobody Likes Negative Rates But They Do Work – BBG “One very important lesson is that negative interest rates worked,” Schlegel said. “When we introduced negative interest rates in 2015 it was to lower the attractiveness of the Swiss franc, and this worked,” adding that this was “the main takeaway” from that period… https://finance.yahoo.com/news/snb-schlegel-says-nobody-likes-112846540.html   The myopic Schlegel doesn’t realize that the global deflationary forces that prevent an inflation surge during the 2000s and 2010s are gone with the wind.  Barring new developments, big inflation is coming.   @zerohedge: This is bad: after just two months into fiscal 2025, the US has already raked in a $624BN budget deficit. This is the worst start to a year on record.  https://t.co/Oeta4diK5Q   Anyone with a modicum of sense understands that central banks invoke ‘data dependent’ and ‘meeting-by-meeting’ to euchre people into believing that the banks will be vigilant about inflation.  But anyone who has been around the block a few times over the past two decades realizes that governments are addicted to massive debt and deficit spending – and their central bank enablers must “inflate or die.”  This is why gold and cryptos are soaring while bonds decline.   US PPI for November came in hot: 0.4% m/m & 3.0% y/y; 0.2% m/m & 2.6% y/y were consensus.  Core PPI is 0.2% m/m and 3.4% y/y; 0.2% m/m and 3.2% were expected.   US Initial Jobless Claims for December 7: 242k, 225k prior, 220k expected; Continuing Claims: 1.886m, 1.871m prior, 1.877m expected   @charliebilello: Truflation’s real-time US inflation gauge has moved above 3%, the highest level over the past year. The Fed is expected to cut rates again in one week.  https://t.co/rQuXrxVpWs   Bonds declined sharply on Thursday.  USHs sank as much as 31/32.  ESZs traded lower when the Nikkei opened on Thursday and progressively declined until they spiked higher two minutes before the 8:30 ET release of November PPI.  ESZs then tumbled to a daily low of 6071.00 at 8:38 ET.  The conditioned rally for the NYSE opening took ESZs to 6083.50 at 9:27 ET.  For the third consecutive session, the dump commenced a few minutes before the NYSE opening. ESZs sank to a new daily low of 6067.50 at 10:13 ET.  First-hour dip buyers and those playing for the 2nd Hour Reversal aggressively bought stuff.  ESZs zoomed to 6087.75, only .50 from the daily high, at 11:10 ET.  Instead of a manipulation into the 11:30 European close, selling appeared.  ESZs fell to 6073.50 at 11:57 ET.  An A-B-C Noon Balloon appeared.  However, it created a ‘W’ formation, which often begets a reversal (at top or bottom).  ESZs then tumbled to a new daily low of 6064.00 at 14:20 ET.   After a rebound to 6070.50 at 14:44 ET, ESZs sank to another new daily low (6063.25) at 15:13 ET,  After a labored rebound to 6069.50 at 15:46 ET, ESZs sank to a new daily low of 6059.00 at 16:00 ET.   Positive aspects of previous session The DJTA was relatively firm on CH Roberson, which was +4.78% at 14:00 ET due to its Investor Day. The dollar rallied moderately, which felled precious metals and most commodities.   Negative aspects of previous session The DJIA fell 234.44 points; Fangs declined modestly. USZs sank as much as 31/32.   Ambiguous aspects of previous session How high will the latest US stock bubble go?   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6060.73 Previous session S&P 500 Index High/Low: 6079.68; 6051.25   American candy store sweets for sale in Britain that are full of chemicals – some banned – that damage DNA, cause behavioural problems, disrupt hormones and even cause cancer     ‘Corn syrup can cause a rapid increase in blood sugar levels and consuming too much of it is associated with increased risk of type 2 diabetes, heart disease and cancer,’… many sweets contain maltodextrin… ‘This can negatively impact blood sugar and is linked to changing the composition of gut bacteria,’ says Bertrand…     In the case of a 102g bag of Sour Patch Kids, 24g of added sugar (48 per cent of your recommended daily allowance) per serving… Sour Patch Kids contain E110 and E102, both yellow-hued additives, which have been associated with hyperactivity and allergic reactions…     ‘Tartrazine (E102) has been linked to stress on key organs like the liver and kidneys… It contains E171, or titanium dioxide, a chemical outlawed in the European Union due to concerns it may cause cancer – and yet it made its way into American sweets sold over here… (more toxic additives listed) https://www.dailymail.co.uk/news/article-14182897/American-candy-store-sweets-Britain-chemicals-damage-DNA-behavioural-problems-hormones-cancer.html   The Hidden Pfizer Report That Shows Heart Conditions in the Vaccinated Getting Worse Over Time    https://dailysceptic.org/2024/12/11/revealed-the-full-hidden-pfizer-report-that-shows-heart-conditions-in-the-vaccinated-getting-worse-over-time/   @nytimes: President Biden said on Thursday that he is commuting the sentences of nearly 1,500 people and pardoning 39 people convicted of nonviolent crimes. The White House said it was the largest number of commutations by an American president in a single day. https://t.co/lAndABMjbD   @BreannaMorello: Joe Biden just provided a Chinese national with clemency who was convicted of having 47,000 child p*rnography images in his possession. Shanlin Jin was sentenced to 97 months in prison after pleading guilty.  Plano police stopped going through his computer after confirming 1,338 images/videos including infant r*pe… https://x.com/BreannaMorello/status/1867259135118782540   Ex-chief counsel to GOP Judiciary Com @mrddmia: This is the grave danger caused by the President of the United States being compromised by corrupt Chinese and other foreign payments to his family.   @KingsleyCortes: In July, FBI Director Chris Wray DODGED a question about confidential human sources at the Capitol on January 6th. Now we know why…   FBI had 26 sources in D.C. on Jan. 6, 17 entered Capitol grounds: OIG …with a majority of those individuals entering the restricted area on Capitol Hill during the disturbances of that day, a Department of Justice Office of the Inspector General report found… https://justthenews.com/politics-policy/fbi-had-26-sources-dc-jan-6-17-entered-capitol-grounds-oig    @JDVance: This was labeled a dangerous conspiracy theory months ago.    @elonmusk: What’s the difference between a “right-wing conspiracy” and reality? About 6 months.   @JonathanTurley: The new IG report on January 6th may raise more questions than answers. It confirms that confidential sources did indeed enter the Capitol and restricted areas. The question is whether the presence of these sources were revealed to the defense in the hundreds of prosecutions…     Moreover, there is a question of why the three sources who entered the Capitol were not charged as part of an operation that the Justice Department described as an effort to “shock and awe” targeting everyone involved on that day…  https://x.com/JonathanTurley/status/1867271115011502082   Fed Balance Sheet: +$1.658B; Reserves at the Fed: +$39.484B   After the close, Broadcom reported EPS of 1.42, 1.39 expected, and revenue of $14.1B.  It forecast Q1 sales of $14.6B, which was expected.  Despite the modest EPS beat and inline Q1 guidance, the stock surged 10% in after-hour trading because CEO Hock Tan invoked AI.   Today – Traders will play for the Friday Rally.  However, the general stock market has been struggling.  To reiterate: Two big negatives are overhanging the stock market: declining bonds and abysmally contracting breadth.  The only equity game now is pouring into Fangs or related trading sardines.   Traders got punished for buying dips on Thursday.  It will be interesting to see if this occurs again on Friday.  Though pattern traders want to be long next week on the strong upward biases of Expiry Week and Fed Day, the fact that stocks declined, and bonds got hammered after the expected ECB rate cut and the unexpected SNB jumbo rate cut is a glaring negative for the markets.   ESZs are +8.00; NQZs are +107.50 (on Broadcom); and USHs are +4/32 at 20:15 ET.   Expected Econ Data: Nov Import Prices -0.2% m/m & +1.0% y/y; Export Prices -0.3% m/m & +0.3% y/y   S&P Index 50-day MA: 5900; 100-day MA: 5720; 150-day MA: 5622; 200-day MA: 5501 DJIA 50-day MA: 43,359; 100-day MA: 42,115; 150-day MA: 41,199; 200-day MA: 40,584 (Green is positive slope; Red is negative slope)   S&P 500 Index (6051.25 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 6001.00 triggers a sell signal Hourly: Trender is positive; MACD is negative – a close below 6050.66 triggers a sell signal   Ex-Clinton Advisor @Mark_Penn: (Dem Sen.) Elizabeth Warren’s comments that in effect justify murder are shocking. She said, “Violence is never the answer, but people can be pushed only so far…”  It’s fair to read that as excusing outright murder and that is the road to complete disorder and chaos.  Warren was just re-elected but do the voters really understand just how radical her views are?   @tomselliott: (Talk show host) Kimmel describes how his producers are in love with the UnitedHealth murderer: “I would visit him in prison! And bake him cookies, maybe. Perhaps more …“ “I’m about to be a jailhouse bride”  https://x.com/tomselliott/status/1866826845729198322   @JesseBWatters: New revelations about the attempted Trump assassin, Ryan Routh. The @SecretService  agent who spotted Routh in the bushes was only five feet away from him, but shot and missed- SIX TIMES. How does a trained agent miss a target five feet away? And that’s not all… https://x.com/JesseBWatters/status/1867026283151950239   Elton John: Marijuana Legalization in America, Canada a Great Mistake “I maintain that it’s addictive. It leads to other drugs,” John said. “And when you’re stoned — and I’ve been stoned — you don’t think normally. Legalizing marijuana in America and Canada is one of the greatest mistakes of all time.”…  https://t.co/NrppUBlgmV   3 men accuse Sean ‘Diddy’ Combs of drugging and raping them at NYC hotels https://nypost.com/2024/12/12/entertainment/3-men-accuse-diddy-of-drugging-and-raping-them-at-nyc-hotels/   LeBron James steps away from Lakers for ‘personal reasons’ as he plays some of the worst basketball of his career  https://nypost.com/2024/12/12/sports/lebron-james-away-from-lakers-for-personal-reasons/   LeBron James says ‘ain’t no party like a Diddy party’ in resurfaced video amid rap mogul’s charges  https://nypost.com/2024/09/26/entertainment/lebron-james-tells-sean-combs-aint-no-party-like-a-diddy-party-in-resurfaced-video/   UFC star Colby Covington blasts LeBron James for old ‘Diddy party’ comment: ‘F—ing scumbag’ “… LeBron, how many Diddy parties have you actually been to? I’m really curious to know. And is that the reason you left social media because all the backlash you were getting for going to so many Diddy parties?”… https://www.foxnews.com/sports/ufc-star-colby-covington-blasts-lebron-james-old-diddy-party-comment-f-ing-scumbag   Jay-Z’s relationship with NFL ‘not changing,’ Roger Goodell declares as rapper faces rape allegation: ‘Including for the next Super Bowl’ https://t.co/r1kvdWOECf     “I think they’re getting incredibly comfortable with not just with the Super Bowl but other events they’ve advised us on and helped us with,” Goodell said. “They’ve been a big help in the social justice area to us on many occasions. They’ve been great partners.”  (Goodell has major white guilt!)   @DefiyantlyFree: The FBI put 70-year-old Peter Navarro in leg irons when they arrested him for the nonviolent misdemeanor of violating a congressional subpoena. So they could get a shot of him chained up for the press. Don’t you dare sit here and tell me the FBI is not corrupt to its core.

SWAMP STORIES FOR YOU TONIGHT

Conspiracy Fact: IG Report Confirms FBI Had Dozens Of Informants In Jan 6 Crowd

Just in time for the Trump pardons, DOJ Inspector General Michael Horowitz revealed on Thursday that there were 26 ‘confidential human sources’ (CHSs) in Washington DC on Jan. 6, 2021.

While the presence of FBI informants on J6 was known, the exact number had never been confirmed.

And because they were CHS’s and not badge-carrying Agent Smiths, Politico decided to run with this piece of absolute propaganda.

https://twitter.com/Bubblebathgirl/status/1867300352057651452

Of note, CHS’s have contributed to the prosecution of members of the Proud Boys and other people who were present on J6. According to Horowitz’s report, all but three of the informants were in there “in connection with” the protest and other events that took place that day.

Four of the informants entered the Capitol, while 13 other entered restricted Capitol grounds despite not being authorized to do so.

As the Epoch Times notes further,

Of the 26 sources who went to Washington in connection with the protest and other events, two were tasked to report on subjects whom the FBI had learned were traveling to the nation’s capital for the events. A third informant had been tasked with reporting on people traveling to Washington for the events after notifying a handling agent about planned travel to Washington.

The other 23 informants had not been tasked by the FBI with traveling to Washington. Thirteen of this subset informed their handling agent in advance of the trips, while the other 10 did not. None of the 23 were found to have engaged in illegal activity.

Some lawmakers noted that none of the informants who entered the Capitol or the restricted grounds have been prosecuted.

The U.S. Attorney’s Office for the District of Columbia, which has charged more than 1,500 people with crimes related to the breach, told the inspector general that the office “generally has not charged those individuals whose only crime on January 6, 2021 was to enter the restricted grounds surrounding the Capitol … and we have treated the CHSs consistent with this approach.”

The inspector general’s investigation was launched in 2021, but paused in 2022 to avoid conflict with ongoing criminal investigations and prosecutions. The probe resumed in 2023. By then, the inspector general’s office knew that multiple reports had been released on Jan. 6, and endeavored to focus on an area that it felt “has not yet been thoroughly reviewed by other entities.”

Other Findings

Horowitz said that the review found the FBI took significant and appropriate steps leading up to Jan. 6 to prepare for its role that day, which was a supporting capacity.

The preparation included trying to identify known domestic terror subjects who planned to travel to Washington for the certification of electoral votes.

After the Capitol was breached, the FBI was able to deploy agents to help clear the building and help the U.S. Capitol Police secure the perimeter.

“We found that the FBI effectively carried out its tactical support function on January 6,” the report stated.

The inspector general’s office also concluded that the FBI should have canvassed field offices for intelligence from the confidential informants before Jan. 6. Such an action would have helped both the FBI and other agencies prepare for the day, the inspector general said. The report quoted Paul Abbate, the FBI’s deputy director at the time, as saying the lack of a canvass was a “basic step that was missed.”

In a letter dated Dec. 11, the FBI told the inspector general’s office that it disagrees with “certain of the factual assertions in the report regarding the manner of specific steps, and the scope of the canvass undertaken by the FBI in advance of January 6.”

The agency agreed with the recommendation that the FBI look into the processes and procedures it uses to prepare for events that could involve domestic security issues.

END

The left are desperate!

(zerohedge)

“How Could You Do This To Me?”: SEC Wants Musk To Pay Up Or Face Charges

Friday, Dec 13, 2024 – 11:45 AM

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Securities and Exchange Commission (SEC) on Dec. 11 demanded a settlement from Elon Musk to avoid charges related to his purchase of Twitter, now known as X, according to a letter from Musk’s lawyer to the agency.

Musk bought Twitter in 2022 for $44 billion. That year, the SEC launched an investigation into whether he violated federal securities laws through his purchase, statements, and SEC filings.

“Yesterday the Commission Staff issued a settlement demand that required Mr. Musk agree within 48 hours to either accept a monetary payment or face charges on numerous counts,” Alex Spiro, the lawyer, wrote in the letter to the chairman of the SEC, Gary Gensler, on Thursday. “They indicated that this demand was the result of a directive from their superiors and that charges would be brought imminently unless Mr. Musk acquiesced.”

The SEC did not respond to a request for comment by publication time, however on Friday it gave him until Monday to respond.

Spiro said that the SEC also subpoenaed him in its investigation but that he refused to cooperate, and that the agency also reopened a probe into Neuralink, another company owned by Musk.

“This series of events makes clear that the Commission is not motivated to seek the truth but instead is engaged in an improperly motivated campaign against Mr. Musk and the individuals and companies associated with him,” Spiro wrote. “We demand to know who directed these actions—whether it was you or the White House.”

President Joe Biden has in the past called for an investigation into Musk. The White House did not immediately return an inquiry.

Musk posted a copy of the letter from Spiro on X.

“Oh Gary, how could you do this to me?” he wrote.

https://twitter.com/elonmusk/status/1867357433493872874

In one of the latest developments in the case, the SEC tried to convince a federal judge to sanction Musk for earlier failing to appear for a deposition, but the judge turned down the request on the grounds Musk showed up at a later date.

The SEC also brought a case against Musk in 2018 over his social media posts related to taking Tesla private. Musk settled that case by resigning as Tesla’s chairman and agreeing to pay $20 million.

Earlier in the day, Musk stated in a post that the SEC is “just another weaponized institution doing political dirty work” after a federal appeals court struck down an SEC policy that required companies listed on the stock exchange to have “diverse representation” on their boards.

Paul Atkins, who was appointed by President-elect Donald Trump, is set to take over from Gensler after Trump is sworn in on Jan. 20, 2025.

Musk, who helped get Trump elected, is co-chair of the Department of Government Efficiency, a group that will look at ways to reduce government spending.

end

https://twitter.com/i/status/1867305810730299395

end

Mayor Eric Adams goes full MAGA much to the shock of the left:

(zerohedge)

NYC Mayor Eric Adams Stuns Lefty Reporters By Going Full MAGA

Friday, Dec 13, 2024 – 12:25 PM

Authored by Steve Watson via Modernity.news,

New York City mayor Eric Adams continued his recent pivot away from the Democratic Party and toward the incoming administration by declaring in a press conference that he will not provide any sanctuary for criminal illegal aliens.

Adams met with President Trump’s incoming border czar Tom Homan Thursday and made remarks afterwards to the press that stunned reporters into silence. 

“We’re not going to be a safe haven for those who commit repeated violent crimes against innocent migrants, immigrants and long-standing New Yorkers,” Adams said after the meeting.

He continued, “From what I heard from the incoming head of ICE is that we have the same desire to go after those who are committing violent acts, repeated violent acts among innocent New Yorkers and among migration asylum seekers.”

“That’s what I heard from him. And I was pleased to hear that, because we share the same desire,” Adams urged.

“I’ve said this before, and I’m surprised the way everyone is attempting to state this is a ‘new coming of Eric Adams…[New York City] can’t be a safe haven for violent individuals,” the mayor said.

Adams also referred to the hundreds of thousands of missing children who have been trafficked over the border.

“We have 500,000 children who had sponsors in this country that we can’t find. We can’t find them. We can’t find them. We don’t know if they’re doing child labor. We don’t know if they’re doing sex crimes. We don’t know if they’re being exploited – 500,000 children. There’s a level of hypocrisy…” Adams said.

https://twitter.com/i/status/1867305810730299395

Adams then slammed the media, stating “I’m going to answer a few questions and then I am leaving because it’s not going to matter what I respond to anyway, you have your preconceived thoughts already.”

https://twitter.com/i/status/1867318869960143185

Last week, Adams vowed to work with Trump on mass deportations, outlining that he doesn’t care if he gets ‘cancelled’ by leftists for it.

“Cancel Me!”: NYC Mayor Vows To Work With Trump On Mass Deportations

END

Legal Scholar Raises Concerns Over DOJ Hiding FBI Informants At Jan. 6

Friday, Dec 13, 2024 – 01:45 PM

Authored by Luis Cornelio via Headline USA,

Renowned legal scholar and Fox News contributor Jonathan Turley sounded the alarm about the DOJ’s failure to disclose to Jan. 6 defendants that FBI informants were present in the U.S. Capitol that day in 2021, as detailed in a DOJ Inspector General report.

In a Thursday interview with Fox News host Martha MacCallum, Turley said the report raised “more questions than answers” about the FBI’s rumored role in inciting violence at the Capitol.  

The law professor specifically such information would have been critical to defendants of the Jan. 6 protests who fell victim to the Biden DOJ’s aggressive prosecutions.

“In some ways, it raises more questions than answers. It does support Wray’s testimony that there were no undercover agents in the crowd,” Turley said, referring to FBI Director Christopher Wray.

“I think that for others, there is going to be a lot of concern as to what the sources were doing there,” he said, as reported first by the Daily Caller. 

DOJ Inspector General Michael E. Horowitz revealed that at least 26 FBI confidential human sources (CHSs) were present among the crowd protesting the contentious 2020 presidential election results. 

“Our review determined that none of these FBI CHSs was authorized by the FBI to enter the Capitol or a restricted area or to otherwise break the law on January 6, nor was any CHS directed by the FBI to encourage others to commit illegal acts on January 6,” Horowitz found. 

Of the 26 agents, only three were summoned to the U.S. Capitol that day, Turley noted, before highlighting that FBI informants had previously been accused of inciting crimes. 

“We’ve had cases in the past where the defense has argued that sources and agents have been extremely active in pushing people towards criminal conduct,” Turley said. “We saw those allegations raised in the Michigan case involving the governor there.” 

https://twitter.com/JonathanTurley/status/1867271115011502082

The FBI’s potential role in inciting violence was highlighted in the “kidnapping” plot of Michigan Gov. Gretchen Whitmer. Two men indicted in the alleged plot were acquitted by a jury, while two others faced hung juries. The latter two were convicted in a retrial. 

Turley argued that Jan. 6 defense attorneys would have used the FBI informants’ presence during the protests if they had known about it. 

“I think that some defense attorneys may raise the question as [to] why they weren’t told, if they weren’t told about the confidential sources that might have been involved tangentially with their own cases, because usually defense counsel says we want to know what asset, what personnel the government had there. So there is going to be questions of that kind, that arise,” Turley said.

END

Biden Admin Scrambling To Auction Off Border-Wall Sections Before Trump Takes Office

Friday, Dec 13, 2024 – 10:45 AM

With Donald Trump set to retake office in January, the Biden administration is scrambling to auction off unused sections of Trump’s border wall, the Daily Wire reports. According to an anonymous US Customs and Border Patrol agent, wall sections are being removed from key areas such as Tucson, Arizona – a notorious hotspot for illegal border crossings.

According to the agent, the operation involves removing up to half a mile of wall per day, with materials being transported from Nogales, Tucson, and Three Points. The aim? To clear the border of these materials before Christmas, disrupting Trump’s plans to resume construction.

https://twitter.com/i/status/1867257767641174408

“They are taking it from three stations: Nogales, Tucson, and Three Points,” said the agent. “The goal is to move all of it off the border before Christmas.“

Trump made clear during his campaign that he intends to finish construction of the border wall, making use of the materials that have remained untouched at the border since President Joe Biden took office in 2021. If the material brought to the border during his first term is sold off, it will significantly delay any progress on one of Trump’s flagship campaign promises at the border. –Daily Wire

The materials are reportedly being carted north on Interstate 19 to Pinal Airpark in Marana, Arizona, where they’re auctioned off by GovPlanet, a surplus government equipment auctioneer. Video evidence from the site shows piles of these steel bollard wall sections, listed online for as low as $5.00 starting bids in upcoming auctions.

The auction website shows that sales occurred as recently as December 4 for precisely the types of materials being pulled off the border. GovPlanet has online auctions set for Dec. 11 and Dec. 18 for more of the border wall material, which is listed on the company’s website as “32.91’ X 7.91’ Steel Bollard Wall Sections w/Grout.”

“They just started taking all the wall that was not used, which is still totally good and usable, and they started taking it northbound,” the agent said, adding “They’re pulling it all off the border.”

The owner of the trucking company, Harold Lambeth, confirmed to the Wire that his company is hauling the unused border wall sections north, away from the construction sites.

The move has sparked outrage among Trump supporters and border security advocates. Representative Eli Crane (R-AZ), whose district includes Pinal Airpark, accused the Biden administration of intentionally hamstringing Trump’s efforts to secure the border, calling it “a direct affront to the will of the people.”

“The Biden Administration is well aware they shouldn’t have reversed the construction of the border wall. If it’s true, they’re purposefully hamstringing an incoming president, it wouldn’t be shocking,” Crane told the outlet. “Why would they want to see President Trump succeed with policies they aggressively sabotaged?”

According to the anonymous agent, “When Trump comes back, and he wants to start the border wall all over again, the whole entire funding fight is gonna happen again,” adding “That’s their play. He’s gonna have to fight for this — again.”

The Biden administration, meanwhile, sent the Wire on a wild goose chase for the facts.

The Customs and Border Protection Agency referred The Daily Wire to the U.S. Army Corps of Engineers, saying the latter had jurisdiction over the materials until they are erected. From there, The Daily Wire was referred to the Defense Logistics Agency, where an official said the standing policy is to refer all media requests on this to the public affairs team at the Office of the Secretary of Defense. A member of the public affairs team declined to respond to inquiries. -Daily Wire

We assume Mayorkas and the rest of the bad actors behind the last four years of US border policy will be pardoned before Jan. 20.

GREG HUNTER INTERVIEWING

SEE YOU ON MONDAY