GOLD CLOSED DOWN $4.90 TO $2636.40
SILVER CLOSED UP 38 CENTS TO $29.61
Gold ACCESS CLOSED $2638.15
Silver ACCESS CLOSED: $29.62
Bitcoin morning price:$99,459 UP 789 DOLLARS.
Bitcoin: afternoon price: $102,800 UP 4130 DOLLARS
Platinum price closing DOWN $7.40 TO $930.35
Palladium price; DOWN 9.25 TO $921.10
END
*CANADIAN GOLD: $3777.95 DOWN 33.38 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)
*BRITISH GOLD: 2105.66 DOWN 8.55 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2161.00 BRITISH POUNDS/OZ) NOV 22/2024
*EURO GOLD: 2,537,571DOWN 20.49 Euros per oz //* (ALL TIME CLOSING HIGH: 2600.25 EUROS PER OZ//NOV 22 //.2024)
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EXCHANGE;
EXCHANGE: COMEX
CONTRACT: JANUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,645.000000000 USD
INTENT DATE: 01/03/2025 DELIVERY DATE: 01/07/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 H GOLDMAN 41
118 C MACQUARIE FUT 3
118 H MACQUARIE FUT 200
323 C HSBC 341
363 C WELLS FARGO SEC 6
435 H SCOTIA CAPITAL 18
624 H BOFA SECURITIES 408
657 C MORGAN STANLEY 17
661 C JP MORGAN 8 47
686 C STONEX FINANCIA 5 5
730 C PTG DIVISION SG 17
732 C RBC CAP MARKETS 4
737 C ADVANTAGE 29 17
TOTAL: 583 583
JPMorgan stopped 47/583
GOLD: NUMBER OF NOTICES FILED FOR JANUARY/2024. CONTRACT: 583 NOTICES FOR 58,300 OZ 1.8133 TONNES
total notices so far: 3849 contracts for 384,900 Oz (11.972 tonnes)
FOR JANUARY
SILVER NOTICES: 3 NOTICE(S) FILED FOR 15,000 OZ/
total number of notices filed so far this month : 1304 for 6.520 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD DOWN $4.90 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.44 TONNES FROM THE GLD.
INVENTORY RESTS AT 871.08 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.38 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.66 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 462.177 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A SMALL SIZED 242 CONTRACTS TO 150,746 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS SMALL SIZED LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR SMALL GAIN OF $0,17 IN SILVER PRICING AT THE COMEX WITH RESPECT TO FRIDAY’S TRADING. WE HAD A SMALL GAIN OF 58 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE//FRIDAY’S TRADING.. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS ON FRIDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 2 WEEKS WHERE THE RAIDS WERE CALLED UPON AGAIN TO QUELL MASSIVE DERIVATIVE LOSSES BY OUR BULLION BANKS. THEY FAILED WITH //FRIDAY PRICING WITH ZERO LONGS BEING KNOCKED OFF. DERIVATIVE LOSSES CONTINUE TO MOUNT. AWE HAD CONSIDERABLE T.A.S. LIQUIDATION FRIDAY
WE HAD A 300 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A STRONG 438 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN MONDAY;S TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A SMALL SIZED 58 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE. WE HAD CONSIDERABLE TAS LIQUIDATION THROUGHOUT FRIDAY’S COMEX SESSION
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 FRIIDAY NIGHT: A STRONG 438 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 ESPECIALLY WITH YESTERDAY’S TRADING. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.17) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD A GOOD GAIN IN PRICE DESPITE HUGE TAS LIQUIDATION AND A SMALL GAIN IN OUR TWO EXCHANGES OF 118 CONTRACTS.
WE HAD A 300 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 8.110 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 15,000 OZ QUEUE JUMP//NEW STANDING RISES TO 8.4 MILLION OZ
// STANDING FOR SILVER//JAN RISES TO 8.400 MILLION OZ
WE HAD:
/ SMALL SIZED COMEX OI LOSS +// 300 SIZED EFP ISSUANCE/ VI) STRONG SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 438 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 52 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JAN. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF JAN
TOTAL CONTRACTS for 2DAYS, total 500 contracts: OR 2.5 MILLION OZ (250 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 2.5 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: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ
YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ
JANUARY 2025: 2.5 MILLION OZ///
RESULT: WE HAD AN SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 242 CONTRACTS DESPITE OUR GOOD GAIN IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A 300 EFP ISSUANCE CONTRACTS: 300 ISSUED FOR MARCH 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 8.110 MILLION OZ ON FIRST DAY NOTICE, FOLLOWED BY TODAY’S QUEUE JUMP 15,000 OZ
//NEW TOTAL STANDING FOR JAN AT 8.400 MILLION OZ
WE HAVE A SMALL SIZED GAIN OF 58 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG 438 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//CONSIDERABLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX SESSION BUT THEY STILL NEED THESE ISSUANCE FOR REPLENISHMENT FOR FUTURE TRADING /THE HUGE TA.S. ISSUANCE// STRONG LIQUIDATION DISTORTS THE TOTAL OI CONTRACTS STANDING AT THE COMEX. NO NET LONG SPECULATORS WERE BURNED ON FRIDAY WITH THE GAIN IN PRICE. 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 FRIDAY NIGHT (438) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE, AND PROBABLY NOT TODAY.
WE HAD 3 NOTICE(S) FILED TODAY FOR 15,000 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 SMALL SIZED 206 OI CONTRACTS TO 467,129 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 HUGE SIZED 3904 CONTRACTS//
WE HAD A SMALL SIZED DECREASE IN COMEX OI (206 CONTRACTS) OCCURRED DESPITE OUR STRONG LOSS OF $14.00 IN PRICE FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 10.1331 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 531 CONTRACTS OR 53100 OZ TO WHICH WE ADD THE FIRST ISSUANCE FOR 2025 OF EXCHANGE FOR RISK TOTALLING 1700 CONTRACTS OR 170,000 OZ (5.28775 TONNNES) . NEW STANDING FOR JAN ADVANCES TO 20.6307 TONNES TONNES
/NEW STANDING 13.536 TONNES
/ ALL OF THIS HAPPENED WITH OUR $14.00 LOSS IN PRICE WITH RESPECT TO FRIDAY’S COMEX ///. WE HAD A FAIR GAIN OF 2584 OI CONTRACTS (8.037 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 QUEUE JUMPING AND EXCHANGE FOR RISK ISSUANCE.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 2790 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 471,033
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2584 CONTRACTS WITH 206 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 2790 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2584 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED BUT CRIMINAL 930 CONTRACTS ISSUED. WE HAD A CONSIDERABLE LIQUIDATION OF T.A.S CONTRACTS WITH OUR LOSS IN PRICE FRIDAY 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 STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2790 CONTRACTS) ACCOMPANYING THE SMALL SIZED DECREASE IN COMEX OI OF 206 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 2584 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 JAN 10.1331 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 581 CONTRACTS OR 58,100 OZ (1.651 TONNES) TO WHICH WE ADD THAT CRAZY “DELIVERY” CALLED EXCHANGE FOR RISK// NEW STANDING FOR JAN ADVANCES TO: 20.180 TONNES
//NEW STANDING JAN: 20.180 TONNES
/ 3) CONSIDERABLE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE THURSDAY WITH SOME SUCCESS IN REMOVING SPECULATOR LONGS, AS WE HAD A 1) $14.00 PRICE LOSS, BUT 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A TOTAL GAIN OF 2584 CONTRACTS ON OUR TWO EXCHANGES. ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED FRIDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL.
4) FAIR SIZED COMEX OPEN INTEREST INCREASE 5) STROONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///GOOD T.A.S. ISSUANCE: 930 T.A.S.CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
JAN
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN :
TOTAL EFP CONTRACTS ISSUED: 6785 CONTRACTS OF 678,500 OZ OR 21.10 TONNES IN 2 TRADING DAY(S) AND THUS AVERAGING: 3393 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 2 TRADING DAY(S) IN TONNES 21.10 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 21.10 DIVIDED BY 3550 x 100% TONNES = 0.590% 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 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR.3,597.846
JAN. 21.10 TONNES
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF 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 FELL BY A SMALL SIZED 242 CONTRACTS OI TO 150,802 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 3.20233EFP ISSUANCE 200 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 300 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 300 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 242 CONTRACTS AND ADD TO THE 300 E.FP. ISSUED
WE OBTAIN A SMALL SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 58 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS A FAIR 0.290 MILLION OZ OCCURRED WITH OUR $0.17 GAIN IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS/MONDAY MORNING SUNDAY NIGHT
ASIA TRADING MONDAY MORNING/SUNDAY NIGHT
SHANGHAI CLOSED DOWN 4.51 PTS OR 0.14%
//Hang Seng CLOSED DOWN 71.98 PTS OR 0.36%
// Nikkei CLOSED DOWN 587,49 OR 1.47%//Australia’s all ordinaries CLOSED UP 0.65%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.3305 CHINESE YUAN OFFSHORE CLOSED UP TO 7.3304// Oil UP TO 74.38 dollars per barrel for WTI and BRENT UP AT 76.92 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING AT LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A SMALL SIZED 206 CONTRACTS TO 467,129 DESPITE OUR CONSIDERABLE LOSS IN PRICE OF $14.00 WITH RESPECT TO FRIDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR PRICE GAIN FOR GOLD. WE HAD, AS YOU WILL SEE BELOW, A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2790) ALONG WITH A MONSTER CRIMINAL DELIVERY ISSUANCE OF EXCHANGE FOR RISK: 1700 CONTRACTS OR 170,000 OZ OR 5.28775 TONNES. THUS WE HAD A STRONG GAIN ON OUR TWO EXCHANGES OF 2584 CONTRACTS DESPITE OUR LOSS IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON FRIDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED RAID AS THEY ABSORBED EVERYTHING IN SIGHT FROM THE DAILY ATTACKS WITH THE CONTINUAL LIQUIDATION OF T.A.S. CONTRACTS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT LAST MONTH CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY THIS ENTIRE PAST WEEK. WE HAD LITTLE T.A.S. LIQUIDATION DURING THE THURSDAY COMEX SESSION.
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 WAS 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 AND 204 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!
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.
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 THE LAST WEEK OF DECEMBER 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. AS YOU WILL SEE BELOW, WE HAD ANOTHER HUGE QUEUE JUMPING SESSION.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW DEEP INTO THE NON ACTIVE DELIVERY MONTH OF JANUARY.… THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG SIZED 2790 EFP CONTRACTS WERE ISSUED: : /FEB 2790 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2790 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 STRONG SIZED TOTAL OF 2584 CONTRACTS IN THAT 2790 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A SMALL LOSS OF 206 COMEX CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $14.00 FRIDAY// 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 FRIDAY NIGHT WAS A FAIR SIZED SIZED 930 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 DEC. 27, 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. THIS WAS COUPLED WITH THE LIQUIDATION OF CALENDAR SPREADERS . THE USE OF OUR TWO SPREADER MECHANISMS WERE OF EXTREME IMPORTANCE TO OUR CROOKS IN LATE DECEMBER’S OPTIONS EXPIRY TRADING. T.A.S. LIQUIDATION WAS EVIDENT IN FRIDAY’S COMEX TRADING//RAID.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JAN (20.6307 TONNES) WHICH IS HUGE FOR OUR NON ACTIVE JAN DELIVERY MONTH.
JANUARY: 10.1331 TONNES
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 49 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: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year: 540.30 tonnes
January 2025: 15.343 TONNES + 5.28775 EX FOR RISK = 20.6307 TONNES
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $14.00/)//BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A STRONG GAIN IN OUR TWO EXCHANGES. AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION FRIDAY
THE CROOKS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL FRIDAY EVENING.
EXCHANGE FOR RISK EXPLANATION/DECEMBER TRADING AND NOW JANUARY!!
35 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 FRIDAY MORNING (DEC 13) 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”. THIS BRINGS US TO EARLY SATURDAY MORNING DEC 21 WHERE TO MY SHOCK AGAIN WE HAD OUR 6TH ISSUANCE OF EXCHANGE FOR RISK TOTALLING 1300 CONTRACTS FOR AN ASTOUNDING 4.043 TONNES. THIS BRINGS THE TOTAL ISSUANCE FOR THE MONTH OF DEC TO 14.6836 TONNES. THE COMEX IS TOTALLY SHATTERED TO PIECES.
WE NOW BEGIN OUR NEW MONTH OF JANUARY AND LO AND BEHOLD, THE CROOKS ISSUED ANOTHER MONSTER 1700 CONTRACTS FOR EXCHANGE FOR RISK TOTALLING 170,000 OZ OR 5.28775 TONNES. THIS TONNAGE WILL BE ADDED TO OUR REGULAR DELIVERIES.
TOTAL DELIVERIES JANUARY TRADING
WE HAVE GAINED A TOTAL OF 8.037 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JAN (10.133TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 531 CONTRACTS OR 53,100 OZ (1.651 TONNES) TO WHICH WE MUST ADD OUR 5.28775 EXCHANGE FOR RISK WHERE THE BUYERS ASSUMES THE RISK FOR DELIVERY.
NEW STANDING FOR JAN: 15.343 TONNES + 5.28775 TONNES = 20.6307 TONNES (WHICH IS HUGE FOR OUR VERY ACTIVE DELIVERY MONTH)
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR LOSS IN PRICE TO THE TUNE OF $14.00
WE HAD 3904 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES 2584 CONTRACTS OR 258,400 OZ (8.037 TONNES)
confirmed volume FRIDAY 146,890.473 contracts: weak ////nobody wishes to play with the crooks
//speculators have left the gold arena
END
/ /// THE JAN 2024 GOLD CONTRACT
JAN 6
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | . 406.000 OZ ONE LONDON GOOD DELIVERY BAR FROM BRINKS |
| Deposit to the Dealer Inventory in oz | NIL |
| Deposits to the Customer Inventory, in oz | a) Into BRINKS: 32,148 oz (1000 kilobars) |
| No of oz served (contracts) today | 583 notice(s) 58,300 OZ 1.8133 TONNES |
| No of oz to be served (notices) | 1084 contracts 108,400 OZ 3.371 TONNES |
| Total monthly oz gold served (contracts) so far this month | 3849 notices 384900 oz 11.972 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: end
we have 1 customer deposit
a) into JPM :
32,148.000 oz (1000 kilobars)
total deposit 32,148.00 oz
1.00 tonnes
strictly a paper gold entry.
withdrawals: 1
I)Out of Brinks/London: removed 1 London good delivery bar
406.000 oz
adjustments:1
customer to dealer: Manfra 32,890.473 oz (1023 kilobars)
a paper entry.
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JAN.
For the front month of JAN: we have an oi of 1667 contracts having LOST A SMALL 992 contracts. We had a strong 1523 contract issuance on Friday. Thus a gain of 531 contracts on our two exchanges. (53100 oz or 1.6516 tonnes)
FEBRUARY LOST 2784 CONTRACTS TO 329,966 .
MARCH HAD A GAIN OF 3 CONTRACTS UP TO 65
APRIL HAD A GAIN OF 2394 CONTRACTS UP TO 71,937 CONTRACTS
We had 583 contracts filed for today representing 58,300 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 8 notices issued from their client or customer account. The total of all issuance by all participants equate to 583 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 47 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JAN /2025. contract month, we take the total number of notices filed so far for the month (3849 x 100 oz ) to which we add the difference between the open interest for the front month of JAN(1667 CONTRACTS) minus the number of notices served upon today (583 x 100 oz per contract( equals 493,300 OZ OR 15.343 TONNES. to which we add those criminal exchange for risk issuance of 5.28775 tonnes = 20.6307 tonnes
thus the INITIAL standings for gold for the JAN contract month: No of notices filed so far (3849 x 100 oz +we add the difference for front month of JAN (1667 OI} minus the number of notices served upon today (583 x 100 oz which equals 493,300 oz (15.343 TONNES) + 5.28775 tonnes ex for risk = 20.6307
TOTAL COMEX GOLD STANDING FOR JAN.: 20.6307 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,122,692.639 oz 66.02 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 21,972,508.258 OZ
TOTAL REGISTERED GOLD 9,043,231.170 oz or 281.28 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 12,929,227.088 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,920,539 oz (REG GOLD- PLEDGED GOLD)= 215.25 tonnes //
JPMorgan enhanced inventory is 3.592 million oz/1,877,000 oz = 19.15% of entire inventory..
END
SILVER/COMEX
JAN 6. 2025
INITIAL
//2024// THE JAN 2025 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 2 i) Out of Loomis 499,182.810 oz ii) Out of CNT 812,658.000 oz total withdrawal: 1,311,840.810 oz . |
| Deposits to the Dealer Inventory | NIL |
| Deposits to the Customer Inventory | i) Into CNT; 11,046.870 oz |
| No of oz served today (contracts) | 3 CONTRACT(S) (15,000 OZ) |
| No of oz to be served (notices) | 376 contracts (1.880 MILLION oz) |
| Total monthly oz silver served (contracts) | 1304 Contracts (6.520 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
deposits:
i) Into CNT 11,046.870 oz
total deposit: 11,046.870 oz oz
We had 2 withdrawals
i) Out of Loomis: 499,162.810 oz
ii) Out of CNT 812,658.000 oz
total withdrawal: 1,311.840.810 oz
JPMorgan has a total silver weight: 135.532million oz/317,707million or 42.80%
adjustments:1 customer to dealer: Brinks 145,917.68 oz
TOTAL REGISTERED SILVER: 72.501MILLION OZ//.TOTAL REG + ELIGIBLE. 317.707 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JANUARY
silver open interest data:
FRONT MONTH OF JAN /2024 OI: 379 OPEN INTEREST FOR A LOSS OF 248 CONTRACT(S).
WE HAD A STRONG 251 CONTRACT ISSUANCE ON FRIDAY. THUS A SMALL QUEUE JUMP OF 3 CONTRACTS ON OUR TWO EXCHANGES OR 15,000 OZ
FEBRUARY SAW A GAIN 0F 33 CONTRACTS TO STAND AT 714
MARCH SAW A LOSS OF 300 CONTRACTS UP TO 120,222
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 3 for 15,000 oz
CONFIRMED volume; ON FRIDAY 36,631 awful//
To calculate the number of silver ounces that will stand for delivery in JAN we take the total number of notices filed for the month so far at 1304x 5,000 oz = 6.520 MILLION oz
to which we add the difference between the open interest for the front month of JAN (379) and the number of notices served upon today (3)x (5000 oz)
Thus the standings for silver for the JAN 2025 contract month: 1304 Notices served so far) x 5000 oz + OI for the front month of JAN(379) minus number of notices served upon today (3)x 5000 oz equals silver standing for the JAN contract month equating to 8.4000 MILLION OZ.
New total standing: 8.400 million oz.
There are 72.365 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//
JAN 6 WITH GOLD DOWN $4.90 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
JAN 3 WITH GOLD DOWN $14.00 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
JAN 2 WITH GOLD UP $29.40 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
DEC 31 WITH GOLD UP $20.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
DEC 30 WITH GOLD DOWN $11.95 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.28 TONNES OF GOLD FROM THE GLD : ///INVENTORY RESTS AT 872.52 TONNES
DEC 27 WITH GOLD DOWN $17.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD : ///INVENTORY RESTS AT 872.80 TONNES
DEC 26 WITH GOLD UP $17.55 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: : ///INVENTORY RESTS AT 873.95 TONNES
DEC 24 WITH GOLD UP $6.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.45 TONNES OF GOLD OUT OF THE GLD. / // : .///INVENTORY RESTS AT 873.95 TONNES
DEC 23 WITH GOLD DOWN $13,75 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 16.66 TONNES OF GOLD VAPOUR GOLD INTO THE GLD. / // : .///INVENTORY RESTS AT 877.40 TONNES
DEC 20 WITH GOLD UP $29,75 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.16 TONNES OF GOLD FROM THE GLD. / // : .///INVENTORY RESTS AT 860.74 TONNES
DEC 19 WITH GOLD DOWN $45.00 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF .29 TONNES OF GOLD FROM THE GLD. / // : .///INVENTORY RESTS AT 863.90 TONNES
DEC 18 WITH GOLD DOWN $8.40 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: / // : .///INVENTORY RESTS AT 864.19 TONNES
DEC 17 WITH GOLD DOWN $6.85 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.23 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 864.19 TONNES
DEC 16 WITH GOLD DOWN $2.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.70 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 863.90 TONNES
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
GLD INVENTORY: 872.52 TONNES, TONIGHTS TOTAL
SILVER
JAN 6 WITH SILVER UP 38 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.709 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 3 WITH SILVER UP 17 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.709 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 2 WITH SILVER UP 45 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.616 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 462.128 MILLION OZ
DEC 31 WITH SILVER DOWN 14 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY AT SLV RESTS AT 460.512 MILLION OZ
DEC 30 WITH SILVER DOWN 39 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: // A WITHDRAWAL OF 1.13 MILLION OZ FROM THE SLV//INVENTORY AT SLV RESTS AT 460.512 MILLION OZ
DEC 27 WITH SILVER DOWN 24 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY AT SLV RESTS AT 461.651 MILLION OZ
DEC 24 WITH SILVER UP 2 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV// //INVENTORY AT SLV RESTS AT 463.747 MILLION OZ
DEC 23 WITH SILVER UP 19 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV/////A DEPOSIT OF 6.15 MILLION OZ INTO THE SLV //INVENTORY AT SLV RESTS AT 463.747 MILLION OZ
DEC 20 WITH SILVER UP 43 CENTS //SMALL CHANGES IN SILVER INVENTORY AT THE SLV/////A DEPOSIT OF 183,000 OZ INTO THE SLV //INVENTORY AT SLV RESTS AT 457.597 MILLION OZ
DEC 19 WITH SILVER DOWN 25 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV///// //INVENTORY AT SLV RESTS AT 457.414 MILLION OZ
DEC 18 WITH SILVER DOWN 19 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 1.094 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 457.414 MILLION OZ
DEC 17 WITH SILVER DOWN 12 CENTS //SMALL CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 0.456 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 458.052 MILLION OZ
DEC 16 WITH SILVER DOWN 0 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 4.84 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 458.052 MILLION OZ
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
CLOSING INVENTORY 463.837 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
END
2/ Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
Alasdair Macleod
END
3. CHRIS POWELL AND GATA DISPATCHES
Trudeau’s lasting legacy
(Mintz/National Post)
Jack Mintz: A sinking Canadian dollar is Trudeau’s latest legacy
Submitted by admin on Fri, 2025-01-03 19:32 Section: Daily Dispatches
By Jack Mintz
National Post, Toronto
Friday, January 3, 2025
A sleeper election issue is our sinking dollar, which fell this past year by 9% against the U.S. dollar, reaching its lowest level since April 2003. It now takes $1.44 in Canadian dollars to buy one U.S. dollar.
Flipping it over, $1 Canadian dollar costs just 69.4 U.S. cents.
Last new year it took “only” C$1.33 Canadian to buy an American dollar (or 75 cents U.S. to buy C$1). So if you imported a US$30 video game last year, you paid only C$40 plus tax. This year, if you paid the same U.S. price, you’d better be ready to dole out C$43.20 — plus tax when the gimmicky holiday is finished next month. …
… For the remainder of the commentary:
end
This is good: Biden issues permit for Perpetua’s antimony and gold mine
(Reuters)
Biden administration issues permit for Perpetua’s Idaho antimony and gold mine, Reuters says
Submitted by admin on Fri, 2025-01-03 19:42 Section: Daily Dispatches
By Ernest Scheyder
Reuters
Friday, January 3, 2025
The Biden administration today issued the final mining permit for Perpetua Resources’ Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.
Permitting for the mine, backed by billionaire investor John Paulson, comes after Beijing last month blocked exports to the U.S. of antimony, a metal used to make weapons, solar panels, flame retardants, and other goods for which there are no current American sources.
The U.S. Forest Service released the final record of decision for Perpetua’s Stibnite project — essentially the mine’s permit — after an eight-year review process, according to documents published on the agency’s website.
Shares of Boise, Idaho-based Perpetua gained 9.1% in after-hours trading after Reuters reported the permit decision. …
… For the remainder of the report:
* end
As it diversifies assets, India’s central bank strategy has a heart of gold
Submitted by admin on Sat, 2025-01-04 15:12 Section: Daily Dispatches
From the Times of India, Mumbai
Saturday, January 4, 2025
The Reserve Bank of India has accelerated gold purchases since October to mitigate revaluation risks to its foreign exchange stockpile and minimise currency volatility, with a part of the reserves that have come off record highs since late September likely also being used to cushion the rupee’s fall against the U.S. dollar.
The central bank bought 20 tonnes of gold in October and November, compared with 30 tonnes during the first six months of the current financial year, a Times analysis of latest RBI data shows.
“The buying of gold by central banks is driven by the need to diversify assets in which forex reserves are held,” Gaura Sengupta, chief economist at IDFC Bank, told the Times. “The high concentration of foreign currency assets in securities such as short-tenor U.S. treasuries opens up risks of revaluation loss when U.S. Treasury yields rise.”
Cumulatively, the central bank has bought 50 tonnes of gold so far in FY25.
RBI’s gold reserves are at 876.18 tonnes as of November 29, 2024. This financial year, gold prices have risen 19%. But prices were relatively stable in the two months during which the bank stepped up its gold purchases.
Significantly, unlike many of its peers — such as the central banks of Turkiye, Switzerland, and China — the RBI seldom sells gold, as it is a politically difficult decision. World Gold Council data showed that gold’s share in India’s foreign exchange reserves is one of the highest among major central banks, at more than 10%. …
… For the remainder of the report:
end
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Sat, 2025-01-04 15:16 Section: Daily Dispatches
3:14p ET Saturday, January 4, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
And some countries — those associated with the BRICs group — are even thinking about creating an international currency with which they can avoid the U.S. government and the dollar and protect their sovereignty against U.S. economic sanctions.
Shorting gold through derivatives is no longer a sure mechanism for profit. To the contrary, the practice now threatens to blow up the governments, central banks, and associated banks still using it.
Documenting, litigating against, and complaining about monetary metals price suppression for 25 years, GATA has alerted investors, governments, mining companies, and news organizations around the world. No one in the monetary metals sector denies metals price suppression any longer; most people in the sector take it for granted even as most remain too scared to discuss it lest they risk getting in trouble with their governments and banks.
The U.S. Treasury Department, its Exchange Stabilization Fund, the Federal Reserve Board, and the Bank for International Settlements have turned out not to be “conspiracy theories” but actual conspiracies in operation. If you don’t believe us, try attending their meetings. There are reasons they won’t let you in — reasons defining “conspiracy.”
But the struggle against monetary metals price suppression has not yet been won, and we need your help.
GATA is still the only organization in the world devoted to waging the struggle for free and transparent monetary metals markets, which is a struggle for limited and accountable government generally.
Advancing this cause takes resources. It doesn’t happen on its own.
But if you help GATA today, we have something special for you.
Our friends at Money Metals Exchange in Eagle, Idaho, support our struggle so much that they have minted a beautiful 1-ounce silver round honoring GATA — and they want you to have at least one.
On the front of the round is an engraving copied from the GATA painting by Alain Despert, depicting GATA as a modern-day Don Quixote leading a march of gold and silver advocates on the U.S. Treasury Department building in Washington:
The back of the round shows the torch of liberty breaking the chains of price suppression and recognizing gold and silver as the crucial defenders of liberty:
You can purchase the GATA commemorative silver round from Money Metals Exchange for around $34 here:
But if you’d like to help GATA directly, each donation of $250 to GATA will entitle the donor to one of these silver rounds, which GATA will arrange to have shipped to the donor from Money Metals Exchange, which is now the operator of the largest precious metals depository in the United States west of New York, a depository larger than even Fort Knox.
Your gift today will propel GATA’s important work, and we’ll be very grateful for it.
We just need to remind donors that the metal value of each of the rounds they receive as thanks for their donation must be subtracted from federal tax-deductibility of their contribution to GATA. For example, with the silver round priced at $34, a $250 donation made to GATA would be federally tax-deductible for $216.
Of course these silver rounds are likely to increase in value along with the silver price in the years ahead — another reason to consider supporting GATA this way.
So please consider making a donation to GATA right now — today — especially now that this special 25th anniversary GATA silver round is available to memorialize it.
To donate, please mail a check payable to GATA to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Conn. 06043-7541 USA
Or visit GATA’s internet site here —
Please include your e-mail address so we can thank you without incurring the time and expense of surface mail. And if you’re donating $250 or more, please let us know your shipping address so we can speed the silver round on its way to you.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
4. OTHER GOLD COMMENTARIES/
END
ANDREW MAGUIRE AND ALASDAIR MACLEOD//LIVE FROM THE VAULT 204
end
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY/CATTLE
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING MONDAY MORNING SUNDAY NIGHT
SHANGHAI CLOSED DOWN 4.51 PTS OR 0.14%
//Hang Seng CLOSED DOWN 71.98 PTS OR 0.36%
// Nikkei CLOSED DOWN 587,49 OR 1.47%//Australia’s all ordinaries CLOSED UP 0.65%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.3305 CHINESE YUAN OFFSHORE CLOSED UP TO 7.3304// Oil UP TO 74.38 dollars per barrel for WTI and BRENT UP AT 76.92 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING AT LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.3305
OFFSHORE YUAN: UP TO 7.3302
SHANGHAI CLOSED CLOSED DOWN 4.51 PTS OR 0.14%
HANG SENG CLOSED CLOSED UP 136.95 PTS OR 0.20%
2. Nikkei closed DOWN 587.49PTS OR 1.47%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX DOWN TO 107.87 EURO RISES TO 1.0405 UP 100 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +1.121 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 156.82…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and DOWN FOR UP this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.4335 Italian 10 Yr bond yield UP to 3.565 //SPAIN 10 YR BOND YIELD UP TO 3.1200
3i Greek 10 year bond yield UP TO 3.213
3j Gold at $2646.50/Silver at: 30.32 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 50/100 roubles/dollar; ROUBLE AT 110.50
3m oil into the 74 dollar handle for WTI and 76 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 156.82 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.121% 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 0.9018 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9384 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: 4.583 DOWN 1 BASIS PTS…
USA 30 YR BOND YIELD: 4.804 DOWN 1 BASIS PTS/
USA 2 YR BOND YIELD: 4.252 DOWN 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.33…
10 YR UK BOND YIELD: 4.6445 UP 3 PTS
10 YR CANADA BOND YIELD: 3.265 UP 3 BASIS PTS
5 YR CANADA BOND YIELD: 2.997 UP 4 PTS.
2a New York OPENING REPORT
Futures Jump As WaPo Sends Dollar Plunging
Monday, Jan 06, 2025 – 08:04 AM
US stock futures gained, led by tech as news reports of Microsoft’s spending plans underscored the sustained demand for AI infrastructure (even though the same and more has been said about Facebook and yet the company’s massive capex spending plans have yet to materialize). S&P 500 futures were up 0.6%, set to rise for a second day after ending the longest losing streak since April on Friday; Nasdaq 100 futures advanced 1%, with chip giants Nvidia and AMD rising more than 2% in premarket trading. In Europe, the Stoxx 600 also edged higher, fueled by ASML’s biggest daily gain since October. The dollar, which recently traded at a more than two year high tumbled on a Wapo report that Trump aides are looking at targeting import taxes at certain industries, rather than across the board resulting in a less strict tariff regime (spoiler alert: not only is this fake news, if anything Trump will double down on tariffs and make them even stricter). The news sent both the dollar and treasuries higher, with the former slipping earlier ahead of a sale of three-year debt as well as auctions of 10- and 30-year notes later this week, with the 30-year yield climbing overnight to the highest since November 2023 before retracing the move. On today’s calendar we get the S&P service PMI, as well as factory/durable orders report.
In premarket trading, semiconductor stocks gained after Nvidia’s server assembly partner Foxconn reported faster-than-expected revenue growth on continuing demand for AI infrastructure, lifting chip names (Micron Technology (MU US) +3.9%, Advanced Micro Devices (AMD US) +3.0%, Nvidia (NVDA US) +2.04%, Broadcom (AVGO US) +1.9%). The news also boosted the Mag7 universe (Apple +0.777%, Nvidia +2.04%, Microsoft +1%, Alphabet +1.0%, Amazon +1.2%, Meta Platforms +0.8% and Tesla +1.4% all up in premarket trading). Here are some other notable premarket movers:
- Asana (ASAN US) shares climb 8.2% after an upgrade at Piper Sandler, with analysts noting that AI demand is set to boost software revenue.
- Boeing (BA US) shares rise 2.4% as Barclays upgraded to overweight from equal-weight, turning positive on the stock for first time since 2019.
- Citigroup (C US) shares gain 1.8% after Barclays upgraded the lender to overweight from equal-weight, taking a constructive view on bank stocks for 2025 as earnings-per-share growth accelerates and price-to-equity multiples expand.
- CommScope (COMM US) slip 4.9% after Raymond James downgraded the communications equipment company to underperform from market perform.
- Kenvue (KVUE US) shares rise 1.4% after Piper Sandler upgraded the consumer health company to overweight from neutral, noting a healthier margin trajectory.
- Paycor HCM (PAYX US) shares rise 1.7% after larger payroll processing company Paychex is said to be in advanced talks to acquire the company.
- ServiceTitan (TTAN US) shares edge 0.7% higher as analysts initiate coverage on the residential and commercial repair software company after its blockbuster market debut last month
- Vertiv (VRT US) shares rise 5.0% after Morgan Stanley initiates the power equipment provider at overweight, predicting US industrials’ earnings revisions to return to positive territory this year.
In a blog post on Friday, Microsoft announced it expects to spend $80 billion in 2025 on the construction of data centers for AI workloads, while Nvidia’s Taiwanese partner FoxConn reported faster-than-expected revenue growth. The news helped kickstart another tech meltup. Tech’s rebound “is a technical move after the year-end correction,” said Fares Hendi, portfolio manager for global equities at SG Prevoir in Paris. “Microsoft’s decision to raise capex in 2025 is probably helping momentum.”
US Treasuries erased the session’s losses following the Washington Post report. The 30-year rate climbed as much as four basis points to 4.85% earlier in the day, the most since November 2023, ahead of a $58 billion sale of three-year notes on Monday. Morgan Stanley strategists warned Monday that rising yields could pose a headwind to US stocks in the first half, and that rates are “the most important variable to watch” in early 2025. Ten-year yields have now surged around 50 basis points since early December to 4.60% as traders price in the possible inflationary effect of Trump’s policies. Any resurgence of price pressures would likely slow the pace of interest-rate cuts by the Federal Reserve. The US central bank has dialed back its expectations for easing in 2025, and markets now fully price just one reduction this year.
RBC Capital Markets LLC strategist Lori Calvasina expects that markets will soon get better clarity on Trump’s policies. “One of my core beliefs about politics and markets, whatever it is, you have to go through some temporary pricings, and those can be painful,” Calvasina told Bloomberg TV. “It tends to be rather short-term and then you move on.”
Later today, Federal Reserve Governor Lisa Cook will speak at a conference on law and microeconomics at the University of Michigan. Her colleague Tom Barkin, the Richmond Fed President, suggested on Friday his preference was to keep rates restrictive for longer.
European stocks edged higher, led by technology shares as Microsoft’s plan to spend $80 billion on AI data centers this year boosted the sector. Hon Hai earnings also aided sentiment. The Stoxx 600 added 0.2%. European semiconductor stocks posted broad-based gains on Monday, following a rally in US peers on Friday. Microsoft’s commitment to invest further in data centers also hands a potential boost to companies helping to build cutting-edge AI chips. Here are some other notable premarket movers:
- Hermes shares rise as much as 2.4% after Stifel upgrades the luxury goods maker to buy from hold, citing the firm’s pricing power and its wealthy and loyal client base
- Sartorius and its Paris-listed unit Sartorius Stedim Biotech each climb more than 5% after JPMorgan placed both shares on positive catalyst watch ahead of this month’s 4Q results
- Imerys shares rise as much as 6.9% after the French building materials firm said the vast majority of claimants have accepted the plan of reorganisation under the Chapter 11 process for its North American talc subsidiaries
- TomTom shares advance as much as 7.6% after the navigation technology firm announced a partnership with geographic information system company Esri
- Novo Nordisk shares drop as much as 2.2% after analysts at Jefferies and Berenberg lowered their price targets, following last month’s trial results for experimental obesity medicine CagriSema, which failed to meet expectations
- Rolls-Royce shares fall as much as 4.6% as Citi removes its buy recommendation on the jet-engine maker for the first time since 2016, noting the stock is now close to fair value
- Unilever declines as much as 2%, the most since July, after RBC downgraded the consumer goods company to underperform from sector perform, saying that it lacks the “wherewithal” to sufficiently boost volumes enough to reach its 2% growth goal
- Royal Unibrew shares fall as much as 4.7% after the beverage maker was cut to equal-weight from overweight at Barclays on PepsiCo Inc.’s consolidation of its bottling network
Earlier in the session, Asian stocks traded in a narrow range as technology shares got a boost from Microsoft’s $80 billion data center pledge, while Japanese benchmarks fell as the market reopened after holidays. The MSCI Asia Pacific Index swung between gains and losses of less than 0.3%, with chipmakers including TSMC, SK Hynix and Samsung Electronics among the biggest boosts after Microsoft announced its spending plan for the year. Taiwanese and South Korean benchmarks led advances in the region, while Japanese shares declined in the first day of trading this year. Stocks in India also fell. The global tech rally is expected to continue as major firms ramp up artificial intelligence-related investments. Beyond this, Asian stocks face headwinds from uncertainty over potential US tariffs, a stronger dollar and increased geopolitical risk. Goldman Sachs cut its target for the MSCI Asia Pacific ex-Japan Index, anticipating lower earnings amid a challenging macro environment.
Chinese equities closed marginally lower, with upbeat services activity data offering little respite. Investors may have to wait longer for more support for the economy as the government is unlikely to “come out with stronger stimulus policy just before the Chinese New Year,” Hao Hong, partner and chief economist at GROW Investment Group, said on Bloomberg TV. China maintained its support for the yuan with the daily reference rate after the currency slumped past a key level on Friday. Services sector activity in the world’s No. 2 economy expanded at the fastest pace since May, a private survey showed on Monday, signaling improving domestic demand after Beijing’s stimulus blitz.
In FX, the dollar tumbled, underperforming all G-10 peers with the exception of the Japanese yen, on a report that Donald Trump’s aides are exploring targeting import taxes at certain industries, rather than across the board, suggesting that the dollar’s recent strength is more dependent on fiscal rather than monetary policy. Bloomberg’s gauge of the dollar fell the most since November. Japan’s yen also slumped after comments out of Japan overnight indicated that the central bank is nowhere close to hiking rates. The Canadian dollar got a lift from a Globe and Mail report that Prime Minister Justin Trudeau is likely to announce his resignation as leader of the Liberal Party this week. However, the gains in the loonie may be short-lived given the “bearish macro backdrop” for the currency, according to RBC Capital Markets.
In rates, early losses in Treasuries were quickly erased after Washington Post report detailing potential for Trump tariff plan to cover only “critical imports.” The dollar dropped sharply while Treasuries rose more gradually, leaving yields richer across maturities after an early cheapening move that sent long-end yields to a 14-month high. Supply is in focus as three-day coupon auction cycle begins Monday and around $50 billion of corporate bond offerings is expected this week, front-loaded by Thursday’s early close and December jobs data on Friday. Front-end Treasury yields remain lower by ~2bp with long-end yields little changed, leaving 2s10s and 5s30s spreads wider; 10-year, near flat at 4.60%, outperforms bunds and gilts by 2.5bp and 1bp on the day. A gusher of corporate bond issuance is anticipated this week, totaling around $50 billion and front-loaded ahead of Carter’s state funeral Thursday and the December jobs report
In commodities, gold slipped as Goldman said it no longer sees the metal reaching $3,000 an ounce by the end of the year, pushing the forecast to mid-2026 on expectations the Fed will make fewer rate cuts. Oil steadied near its highest level in almost three months as Saudi Arabia raised its official prices on signs of tightness in Middle Eastern crude markets.
The US economic data calendar includes December final S&P Global services PMI (9:45am) and November factory orders (10am); JOLTS job openings, ISM services and ADP employment change also are ahead this week. Fed speakers scheduled for the session include Cook at 9:15am; Barkin, Waller, Harker, Schmid and Bowman also due this week
Market Snapshot
- S&P 500 futures up 0.4% to 6,012.75
- STOXX Europe 600 up 0.2% to 509.33
- MXAP little changed at 181.33
- MXAPJ up 0.5% to 571.66
- Nikkei down 1.5% to 39,307.05
- Topix down 1.0% to 2,756.38
- Hang Seng Index down 0.4% to 19,688.29
- Shanghai Composite down 0.1% to 3,206.92
- Sensex down 1.5% to 78,019.22
- Australia S&P/ASX 200 little changed at 8,257.45
- Kospi up 1.9% to 2,488.64
- German 10Y yield up 2.5 bps at 2.45%
- Euro up 0.5% to $1.0356
- Brent Futures down 0.2% to $76.39/bbl
- Gold spot down 0.3% to $2,633.29
- US Dollar Index down 0.38% to 108.54
Top Overnight News
- US President-elect Trump urged his fellow Republicans in Congress to combine his priorities into one bill which would cut taxes, bolster border security and increase domestic energy production, writing “it will all be made up with tariffs, and much more, from countries that have taken advantage of the U.S. for years”. (Truth Social)
- Biden-Harris administration announces Arizona state University research park as the planned site for third chips for America R&D flagship facility.
- US National Security Advisor Sullivan says the US is finalizing steps to remove roadblocks in civil nuclear partnerships with Indian firms.
- US House Speaker Mike Johnson plans to pass a bill by May that will address Trump’s priorities — including border security and tax cuts — using reconciliation, which won’t need any Democratic votes. BBG
- President-elect Donald Trump’s aides are exploring tariff plans that would be applied to every country but only cover critical imports, three people familiar with the matter said — a key shift from his plans during the 2024 presidential campaign. WaPo
- China’s main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with the matter said, as authorities sought to calm markets heading into a tricky period for the world’s second-largest economy. RTRS
- China’s central bank has signaled its resolve to stabilize the yuan’s exchange rate, with a stronger tone taken during its latest policy meetings, as the Chinese currency looks to be directly affected by US president-elect Donald Trump’s policies. SCMP
- China’s Caixin services PMI for Dec comes in ahead of expectations at 52.2 (up from 51.5 in Nov and above the consensus forecast of 51.4). WSJ
- France’s 2025 budget will aim to narrow the deficit to between 5% and 5.5% of economic output, Finance Minister Eric Lombard said. BBG
- Ukraine is in an increasingly dire state as Russia captures territory at the fastest pace since the start of the invasion, with Moscow capitalizing on its greatest advantage: manpower. WaPo
- OpenAI’s Sam Altman says the company “is now confident” it knows how to build AGI (artificial general intelligence), and that 2025 could “see the first AI agents join the workforce and materially change the output of companies.” He added that OpenAI is “beginning to turn our aim beyond AGI, to superintelligence.” Sam Altman
- Justin Trudeau is expected to announce his resignation as the head of Canada’s Liberal Party as early as today, the Globe and Mail reported, triggering a contest to replace him as PM. The loonie rose. BBG
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025. ASX 200 failed to sustain early gains as strength in real estate and tech was offset by losses in materials and miners. Nikkei 225 retreated on return from the New Year holiday closures amid higher yields and after the US blocked Nippon Steel’s bid to take over US Steel, while a weaker currency failed to support the risk appetite as participants also braced for weak results from retailers including Fast Retailing and Seven & I Holdings. Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed, while comments late last week from the PBoC’s MPC, which recommended strengthening the intensity of monetary policy adjustments and said it will cut RRR and interest rates at the proper time, did little to spur demand.
Top Asian News
- China’s stock exchanges asked some mutual funds to restrict stock selling at the start of the year, according to Reuters sources.
- PBoC pledged more financial support for innovation and consumption, while it will encourage foreign capital to invest in domestic tech.
- PBoC is expected to ramp up offshore yuan bill sales in Hong Kong in January and has ample toolkits and experience to react to yuan depreciation, while China has the ability to keep the yuan basically stable at reasonable and balanced levels, according to PBoC-backed Financial News.
- BoJ Governor Ueda said the virtuous cycle strengthened gradually last year and he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on economy and inflation, while Ueda added that momentum for wage increases is key and they must be vigilant to various risks in deciding timing for adjusting degree of monetary support.
European bourses are almost entirely in positive territory (ex-FTSE 100), with sentiment lifted by strength in Tech names. Bourses slipped a touch in early morning trade, but managed to stabilise and then head back to best levels where they generally reside. European sectors initially opened with a slight positive bias, but now displays a bit more of a mixed picture. Tech is by far the clear outperformer today, for a couple of reasons. Firstly, Foxconn reported strong December sales figures, helping to lift sentiment in the sector. Elsewhere, reports suggest that Microsoft plans to spend USD 80bln to build out AI this FY. US equity futures are entirely in the green, with slight outperformance in the tech-heavy NQ, taking impetus from the sectoral strength seen in Europe thus far. Microsoft plans to invest USD 80bln in FY25 to construct AI-capable data centres, with over half of this expenditure directed towards the US, CNBC reports. The investment is part of the company’s broader strategy to support AI advancements, including its partnership with OpenAI. Foxconn’s Q4 revenue hit a record USD 64.7bln (+15% Y/Y), exceeding estimates, driven by strong AI server demand. While consumer electronics, including iPhones, saw flat growth, Foxconn expects significant year-on-year growth in Q1 2025. NOTE: Foxconn denied reports that its chairman expressed positive outlook, that 2025 sales will trend upwards topping TWD 7tln, and said the company did not make any such financial forecasts.
Top European News
- The percentage of UK businesses planning to raise prices in the coming three months rose to about 55% from 39% as tax increases and higher wage costs caused confidence to slump, according to a survey of 5,000 businesses by the British Chambers of Commerce via FT.
- Austrian Chancellor Nehammer said coalition talks between the two largest centrist parties in Austria on forming a government without the far-right Freedom Party have collapsed, while he will stand down as Chancellor and leader of the People’s Party in the coming days. It was later reported that the Austrian President van der Bellen agreed to meet with far-right Freedom Party leader Kickl on Monday and that Conservative People’s Party (OVP) Secretary-General Stocker was named as interim party leader. Furthermore, Stocker expects far-right leader Kickl will be tasked with forming a government and said the OVP will take part in coalition talks with the far-right Freedom Party and take them seriously.
- Many Eurozone economists warned that the ECB has been too slow to cut interest rates to help the economy and 46% of the economists surveyed said the ECB had fallen behind the curve, according to a poll by FT.
- French Budget Minister reiterates there will be a “Special Tax” on the biggest companies; is convinced they can find a majority in parliament to get a budget through. The 2024 deficit will be “around” 6.1%; sees 2025 deficit in a 5-5.5% range
FX
- A subdued start to the week thus far with DXY continuing the downward action from Friday and falling further under the 109.00 level to print a current range between 108.43-109.06 (vs Friday’s 108.89-109.22 parameter). US Services & Composite PMI (Final) due, with Fed speak from Daly thereafter.
- EUR is firmer amid the broader Dollar weakness and clawing back some of last Thursday’s losses, with today’s range currently between 1.0296-1.0352 (vs Thursday’s best at 1.0372). Further support for the EUR was seen after the German state of Hesse reported December CPI at 2.7% Y/Y (prev. 2.0%).
- Weakness in JPY despite the softer Dollar but as a function of higher US yields, with Tokyo traders returning to the markets following their Christmas and New Year break. The pair was also unfazed by overnight comments from BoJ Governor Ueda who stated that he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on the economy and inflation. USD/JPY resides in a 157.14-82 current range and eyes last Thursday’s peak at 157.84.
- Sterling is the top G10 performer this morning amid broader USD weakness alongside potential tailwinds from reports that the percentage of UK businesses planning to raise prices in the coming three months rose to about 55% from 39% as tax increases and higher wage costs caused confidence to slump, according to a survey of 5,000 businesses by the British Chambers of Commerce via FT. GBP/USD resides in a USD 1.2408-1.2491 parameter as it eyes last Thursday’s high at 1.2535.
- Antipodeans are both firmer amid the broader rise in high-beta FX, with Antipodeans also feeling tailwinds from higher base metals. Overnight, Antipodeans benefitted alongside the early strength in CNH after the PBoC continued to set a much stronger-than-expected yuan reference rate setting although the upside was limited and there was a relatively muted reaction to the varied Caixin PMI data.
Fixed Income
- USTs are pressured following the downside seen last week post-data and as the region awaits a hefty and frontloaded supply schedule. Furthermore, JGBs influenced overnight with the contract to a fresh low after remarks from Ueda who stated that he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on the economy and inflation. As it stands, USTs are at lows of 108-12, matching the 30th December base with support from the session’s proceeding at 108-11+ and then the 108-06+ contract trough.
- Bunds are softer in-fitting with the above and as the region counts down to its own supply. Macro focus this morning has been on the Final PMIs, PMIs which were subject to upward revisions across the board sparking some modest pressure in EGBs. Furthermore, while most of the German State CPIs are scheduled for release later in the week after the mainland figure, the metric from Hesse came in much hotter than the prior for December Y/Y; which, if indicative, presents a further upward skew to the mainland numbers later today. Bunds are currently at a 132.22 low, a base which leaves just the contract trough at 132.00 from November as support.
- Gilts underperformed into its own PMI metrics, which saw modest downward revisions and helped to lift Gilts slightly off their base, though the benchmark was unable to reclaim the 92.00 mark or by extension test the opening 92.02 high. The referenced initial pressure stemmed from a British Chambers of Commerce survey which reported that 55% of UK businesses intend to lift prices in the next three months (prev. 39%) amid tax increases and elevated wage costs. Action which has pushed Gilts to a 91.78 base, within reach of the 91.64 contract low from December. As such, the UK’s 10yr yield is back towards highs of 4.65% from end-2024, levels which continue to pressure Chancellor Reeves’s headroom.
- Saudi Arabia mandates USD 3,6,10yr benchmarks, according to IFR. 3yr debt IPT at 120bps over UST. 10yr debt IPT at around 140bps over UST.
Commodities
- WTI and Brent are softer with prices failing to garner much support from the declining Dollar and overall positive risk tone in Europe, although APAC sentiment was mostly subdued. Geopolitical updates include reports that Israel wants to keep some sites outside the northern border in Lebanon indefinitely. Brent Mar sits in a USD 76.11-76.89/bbl parameter.
- Nat Gas is modestly softer intraday in fitting with the broader price action in energy. Some upticks were seen amid reports that European gas storage is depleting at the fastest rate since 2018, according to Bloomberg citing sources. Meanwhile, a major winter storm is reported to have hit the US, producing heavy snow and significant ice which is expected to last days, with some 30 states issuing weather alerts; US Nat Gas futures rose 9% intraday.
- Gold is subdued despite the softer Dollar in the run-up to this week’s risk events including the FOMC Minutes and NFP jobs data. Spot gold resides in a narrow USD 2,647.49-2,625.26/oz range after dipping under Friday’s USD 2,636.70/oz.
- Copper is on a firmer footing amid the softer dollar, Chinese Caixin Services PMI also has provided some tailwinds. 3M LME copper resides in a USD 8,781.50-8,913.00/t range.
- Saudi Aramco February Crude OSP: Arab light to US at + USD 3.50/bbl vs ASCI; Arab light to NW Europe at + USD 0.05/bbl to ICE Brent, via Aramco.
- Ukraine reportedly attempted to attack Zaporizhzhia nuclear power plant on January 5th with drones, according to Ifx citing Russian defence minister.
- US plans more sanctions on tankers carrying Russian oil, according to a source cited by Reuters.
- LNG tanker Coral Nordic will unload at Belgium’s Zeebrugge terminal on January 9th from Ruvys.
- German energy import Uniper’s (UN01 GY) CEO Mike Lewis said the company is working to protect its fleet of LNG tankers from seizure by nations friendly to Russia after it was hit with a EUR 14bln penalty by a Russian court in March as part of an international dispute with a subsidiary of Russian state-backed gas company Gazprom, according to FT.
- European gas storage depletes at the fastest rate since 2018, according to Bloomberg citing sources. Storage at 70% full on January 4th vs the 5yr seasonal average of 76%.
- Goldman Sachs cut its gold price forecast in which it sees the precious metal to reach USD 2,910/oz by year-end and pushed back its USD 3,000/oz target to mid-2026, citing slower-than-expected Fed easing.
Geopolitics: Middle East
- US President Biden notified Congress of USD 8bln arms sale to Israel, according to Axios.
- Hamas said it approved a list of 34 hostages presented by Israel to be exchanged in a ceasefire deal. However, it stated that any deal would depend on an agreement regarding a withdrawal and ceasefire, while it has not seen progress on issues regarding this, and Israeli PM Netanyahu’s office later stated that Hamas had not provided a list of hostage names.
- Saudi Foreign Minister met with US envoy Hochstein in Riyadh and discussed developments in Lebanon and regional issues.
- Syrian Foreign Minister Al-Shibani travelled to Doha to meet with senior Qatari officials.
- US is to ease aid restrictions for Syria in a limited show of support for the new government, according to WSJ.
- Iran will face a difficult year with the Trump administration which plans to increase sanctions on Iran, while the Trump administration sees Iran as still a threat to US allies and the Trump team is considering the option of air strikes to prevent Iran from building a nuclear weapon, according to WSJ.
- Israel wants to keep some sites outside the northern border in Lebanon indefinitely, via AJA Breaking.
Geopolitics: Ukraine
- IAEA said staff reported hearing loud blasts near Ukraine’s Zaporizhzhia Nuclear Power Plant on Sunday which coincided with reports of a drone attack on the plant’s training centre, while the IAEA has not been able to confirm any impact and noted that reports stated there were no casualties and no impact on any nuclear power plant equipment, according to Reuters.
- Ukrainian President Zelensky said security guarantees for Ukraine to end Russia’s war will only be effective if the US provides them and he needs to sit down with US President-elect Trump to decide how to stop Russian President Putin before Ukraine can enter talks with the Russian side. Zelensky also said Europe must also have a voice in deciding a course of action before Ukraine talks to Russia and that Putin will destroy Europe if the US leaves the NATO military alliance, while he noted that North Korea has provided Russia with 3.7mln artillery shells in the war and that 3,800 North Korean troops fighting Ukraine in Russia’s Kursk region have been killed or wounded so far. Furthermore, Zelensky separately commented that there were heavy Russian and North Korean losses in Russia’s Kursk region.
- Ukraine’s air force said on Sunday morning that it had downed 61 drones launched by Russia in an overnight attack.
- Russia’s Defence Ministry said Russian forces took control of the Nadiya settlement in Ukraine’s Luhansk region, while it also announced that Ukraine launched a counter-attack in Russia’s Kursk region.
Geopolitics: Other
- North Korea fired a suspected ballistic missile which was reported to have fallen shortly after and appeared to have landed outside of Japan’s exclusive economic zone, while the South Korea military said North Korea fired what appeared to be one intermediate-range ballistic missile.
US Event Caldendar
- 09:45: Dec. S&P Global US Services PMI, est. 58.5, prior 58.5
- 09:45: Dec. S&P Global US Composite PMI, prior 56.6
- 10:00: Nov. -Less Transportation, est. 0.3%, prior -0.1%
- 10:00: Nov. Cap Goods Ship Nondef Ex Air, est. 0.3%, prior 0.5%
- 10:00: Nov. Cap Goods Orders Nondef Ex Air, est. 0.1%, prior 0.7%
- 10:00: Nov. Factory Orders Ex Trans, prior 0.1%
- 10:00: Nov. Factory Orders, est. -0.4%, prior 0.2%
- 10:00: Nov. Durable Goods Orders, est. -0.4%, prior -1.1%
DB’s Jim Reid concludes the overnight wrap
Hope you all had a great weekend and welcome back to those returning to work today. If you’ve just got back, markets have had a fairly rough time since Christmas, with the S&P 500 down another -0.48% last week, whilst China’s Shanghai Composite saw its biggest weekly decline (-5.55%) since February. However, we did start to see a recovery on Friday, with the S&P 500 snapping a run of 5 consecutive daily declines with a +1.26% advance, whilst futures on the index are very slightly higher this morning with a +0.05% gain.
One factor helping to turn sentiment around on Friday was strong economic data out of the US, with the ISM manufacturing print up to a 9-month high of 49.3 in December (vs. 48.2 expected). Moreover, the new orders component ticked up to an 11-month high of 52.5. Plus that came just a day after the weekly initial jobless claims fell to their lowest level since April. So collectively, that helped to reassure investors that the US growth outlook was still robust into the new year.
Later in the session on Friday, we also got confirmation that Mike Johnson had been re-elected as Speaker of the House of Representatives in the new US Congress. On Friday, that had appeared in some doubt, as the Republicans only have a 220-215 margin over the Democrats following the election, and a few Republicans had been resistant to supporting Johnson. Indeed, two years ago it took former Speaker Kevin McCarthy a total of 15 ballots to be elected. For markets, the vote was also in focus because it was seen as the first test of how cohesive the narrow Republican majority would prove, and whether they’ll be able to enact Donald Trump’s second-term agenda, with his inauguration now just two weeks away. Indeed, this is the narrowest majority in the House of Representatives since the midterm election in 1930, so it’s quite a different situation to the start of Trump’s first term, when the Republicans initially had a 241-194 majority in the House.
In the meantime, we had comments from several different Fed speakers about the policy outlook over the weekend and on Friday. Generally, those comments have implicitly sounded quite cautious about the scale of further easing, which echoes the Fed’s hawkish shift in their December dot plot, where they only signalled 50bps of cuts for 2025. For instance, on Friday Richmond Fed President Barkin said he was “in the camp of wanting to stay restricted for longer.” Then over the weekend, San Francisco Fed President Daly said that inflation was still “uncomfortably above our target”, whilst Governor Kugler said that “we know the job is not done” with inflation still not at 2% yet. This backdrop has seen US Treasury yields move higher this morning, with the 30yr yield (+1.8bps) currently at 4.83%, which would be its highest closing level since November 2023. And this Wednesday coming up, we’ll get the minutes from the FOMC’s recent meeting in December, so it’ll be interesting to see how that debate unfolded given there was a dissenting vote.
As we look forward to the first full week of 2025, a key question for the Fed’s outlook will be how strong the US jobs report for December is, which is out this Friday. In terms of what to expect, our US economists are looking for nonfarm payrolls to grow by +150k in December. That would be beneath the +227k print in November, but that gain was boosted by a bounce back from previous weather disruption and the end of strikes. Indeed, a +150k print would basically be in line with the 6-month average, which is currently running at +143k. Otherwise, our economists see the unemployment rate ticking up a tenth to 4.3%.
Turning to Europe, the main focus this week will be the Euro Area flash CPI print for December, which is out tomorrow. This is an important one, as it comes amidst growing concern about European inflation, particularly with the recent rise in natural gas prices, along with the recent depreciation of the euro. On top of that, the December flash print from Spain last week was stronger than expected, so the backdrop hasn’t been too favourable, and both headline and core inflation for the Euro Area are widely expected to remain above the ECB’s 2% target. We’ve seen that have an impact in markets too, and last week saw the 10yr bund yield move higher for a 5th consecutive week.
Elsewhere in Europe, another thing to look out for will be the ongoing political situation in France and efforts to put together a new budget. That comes as last week saw the Franco-German 10yr spread widen by +4.8bps to 86.3bps, which is the widest it’s been since early December, back when the National Rally confirmed they would vote against Michel Barnier’s government. That underperformance was evident among other French assets last week, with the CAC 40 down -0.99%, in contrast to the +0.20% gain for the Europe-wide STOXX 600.
Staying on politics, it’s been reported by Canada’s Globe and Mail newspaper that Prime Minister Justin Trudeau is expected to resign as Liberal Party leader this week. Canada has to hold a federal election by October at the latest, and Trudeau’s Liberals are polling well behind the opposition Conservatives, with CBC’s poll tracker currently putting the Conservatives on 44%, and the Liberals on 21%. Trudeau has already faced calls from some Liberal MPs to resign, and his position came under further pressure last month after finance minister and Deputy PM Chrystia Freeland resigned from the cabinet.
Overnight in Asia, most of the major equity indices are trading lower, with the Nikkei (-1.49%) falling sharply as Japan’s markets reopen after the new year. That also comes as BoJ Governor Ueda confirmed their expectations to keep hiking rates, saying that “we will raise the policy interest rate to adjust the degree of monetary easing if economic and price conditions keep improving”. Elsewhere, Chinese equities have posted further declines, with the Shanghai Comp (-0.29%) and the CSI 300 (-0.29%) losing ground. However, South Korean equities have posted strong gains, with the KOSPI up +1.83% this morning.
Finally on the week ahead, US stock markets will be closed on Thursday for the funeral of former President Jimmy Carter, whilst bond markets will close early that day.
2B) EUROPEAN REPORT
European tech lifted after Foxconn posts record Q4 revenue, USD dips lower – Newsquawk US Market Open
Monday, Jan 06, 2025 – 05:41 AM
- European bourses are generally in the green; the NQ outperforms, with Tech lifted after Foxconn reported record Q4 revenue.
- USD is on the backfoot which has helped to lift G10 peers, JPY underperforms.
- USTs are pressured ahead of 3yr supply; Gilts underperform after a survey showed that 55% of UK businesses intend to lift prices in the next three months (prev. 39%).
- Crude and gold are on the backfoot despite the softer Dollar.
- Looking ahead, German Prelim. CPI, US Services & Composite PMI (Final), Factory Orders, Comments from Fed’s Daly, Supply from US.
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EUROPEAN TRADE
EQUITIES
- European bourses are almost entirely in positive territory (ex-FTSE 100), with sentiment lifted by strength in Tech names. Bourses slipped a touch in early morning trade, but managed to stabilise and then head back to best levels where they generally reside.
- European sectors initially opened with a slight positive bias, but now displays a bit more of a mixed picture. Tech is by far the clear outperformer today, for a couple of reasons. Firstly, Foxconn reported strong December sales figures, helping to lift sentiment in the sector. Elsewhere, reports suggest that Microsoft plans to spend USD 80bln to build out AI this FY.
- US equity futures are entirely in the green, with slight outperformance in the tech-heavy NQ, taking impetus from the sectoral strength seen in Europe thus far.
- Microsoft plans to invest USD 80bln in FY25 to construct AI-capable data centres, with over half of this expenditure directed towards the US, CNBC reports. The investment is part of the company’s broader strategy to support AI advancements, including its partnership with OpenAI.
- Foxconn’s Q4 revenue hit a record USD 64.7bln (+15% Y/Y), exceeding estimates, driven by strong AI server demand. While consumer electronics, including iPhones, saw flat growth, Foxconn expects significant year-on-year growth in Q1 2025. NOTE: Foxconn denied reports that its chairman expressed positive outlook, that 2025 sales will trend upwards topping TWD 7tln, and said the company did not make any such financial forecasts.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- A subdued start to the week thus far with DXY continuing the downward action from Friday and falling further under the 109.00 level to print a current range between 108.43-109.06 (vs Friday’s 108.89-109.22 parameter). US Services & Composite PMI (Final) due, with Fed speak from Daly thereafter.
- EUR is firmer amid the broader Dollar weakness and clawing back some of last Thursday’s losses, with today’s range currently between 1.0296-1.0352 (vs Thursday’s best at 1.0372). Further support for the EUR was seen after the German state of Hesse reported December CPI at 2.7% Y/Y (prev. 2.0%).
- Weakness in JPY despite the softer Dollar but as a function of higher US yields, with Tokyo traders returning to the markets following their Christmas and New Year break. The pair was also unfazed by overnight comments from BoJ Governor Ueda who stated that he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on the economy and inflation. USD/JPY resides in a 157.14-82 current range and eyes last Thursday’s peak at 157.84.
- Sterling is the top G10 performer this morning amid broader USD weakness alongside potential tailwinds from reports that the percentage of UK businesses planning to raise prices in the coming three months rose to about 55% from 39% as tax increases and higher wage costs caused confidence to slump, according to a survey of 5,000 businesses by the British Chambers of Commerce via FT. GBP/USD resides in a USD 1.2408-1.2491 parameter as it eyes last Thursday’s high at 1.2535.
- Antipodeans are both firmer amid the broader rise in high-beta FX, with Antipodeans also feeling tailwinds from higher base metals. Overnight, Antipodeans benefitted alongside the early strength in CNH after the PBoC continued to set a much stronger-than-expected yuan reference rate setting although the upside was limited and there was a relatively muted reaction to the varied Caixin PMI data.
- PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.3035 (prev. 7.1878).
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- USTs are pressured following the downside seen last week post-data and as the region awaits a hefty and frontloaded supply schedule. Furthermore, JGBs influenced overnight with the contract to a fresh low after remarks from Ueda who stated that he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on the economy and inflation. As it stands, USTs are at lows of 108-12, matching the 30th December base with support from the session’s proceeding at 108-11+ and then the 108-06+ contract trough.
- Bunds are softer in-fitting with the above and as the region counts down to its own supply. Macro focus this morning has been on the Final PMIs, PMIs which were subject to upward revisions across the board sparking some modest pressure in EGBs. Furthermore, while most of the German State CPIs are scheduled for release later in the week after the mainland figure, the metric from Hesse came in much hotter than the prior for December Y/Y; which, if indicative, presents a further upward skew to the mainland numbers later today. Bunds are currently at a 132.22 low, a base which leaves just the contract trough at 132.00 from November as support.
- Gilts underperformed into its own PMI metrics, which saw modest downward revisions and helped to lift Gilts slightly off their base, though the benchmark was unable to reclaim the 92.00 mark or by extension test the opening 92.02 high. The referenced initial pressure stemmed from a British Chambers of Commerce survey which reported that 55% of UK businesses intend to lift prices in the next three months (prev. 39%) amid tax increases and elevated wage costs. Action which has pushed Gilts to a 91.78 base, within reach of the 91.64 contract low from December. As such, the UK’s 10yr yield is back towards highs of 4.65% from end-2024, levels which continue to pressure Chancellor Reeves’s headroom.
- Saudi Arabia mandates USD 3,6,10yr benchmarks, according to IFR. 3yr debt IPT at 120bps over UST. 10yr debt IPT at around 140bps over UST.
- Click for a detailed summary
COMMODITIES
- WTI and Brent are softer with prices failing to garner much support from the declining Dollar and overall positive risk tone in Europe, although APAC sentiment was mostly subdued. Geopolitical updates include reports that Israel wants to keep some sites outside the northern border in Lebanon indefinitely. Brent Mar sits in a USD 76.11-76.89/bbl parameter.
- Nat Gas is modestly softer intraday in fitting with the broader price action in energy. Some upticks were seen amid reports that European gas storage is depleting at the fastest rate since 2018, according to Bloomberg citing sources. Meanwhile, a major winter storm is reported to have hit the US, producing heavy snow and significant ice which is expected to last days, with some 30 states issuing weather alerts; US Nat Gas futures rose 9% intraday.
- Gold is subdued despite the softer Dollar in the run-up to this week’s risk events including the FOMC Minutes and NFP jobs data. Spot gold resides in a narrow USD 2,647.49-2,625.26/oz range after dipping under Friday’s USD 2,636.70/oz.
- Copper is on a firmer footing amid the softer dollar, Chinese Caixin Services PMI also has provided some tailwinds. 3M LME copper resides in a USD 8,781.50-8,913.00/t range.
- Saudi Aramco February Crude OSP: Arab light to US at + USD 3.50/bbl vs ASCI; Arab light to NW Europe at + USD 0.05/bbl to ICE Brent, via Aramco.
- Ukraine reportedly attempted to attack Zaporizhzhia nuclear power plant on January 5th with drones, according to Ifx citing Russian defence minister.
- US plans more sanctions on tankers carrying Russian oil, according to a source cited by Reuters.
- LNG tanker Coral Nordic will unload at Belgium’s Zeebrugge terminal on January 9th from Ruvys.
- German energy import Uniper’s (UN01 GY) CEO Mike Lewis said the company is working to protect its fleet of LNG tankers from seizure by nations friendly to Russia after it was hit with a EUR 14bln penalty by a Russian court in March as part of an international dispute with a subsidiary of Russian state-backed gas company Gazprom, according to FT.
- European gas storage depletes at the fastest rate since 2018, according to Bloomberg citing sources. Storage at 70% full on January 4th vs the 5yr seasonal average of 76%.
- Goldman Sachs cut its gold price forecast in which it sees the precious metal to reach USD 2,910/oz by year-end and pushed back its USD 3,000/oz target to mid-2026, citing slower-than-expected Fed easing.
- Click for a detailed summary
NOTABLE DATA RECAP
- German Hesse State CPI YY (Dec) 2.7% (Prev. 2.0%)
- German HCOB Services PMI (Dec) 51.2 vs. Exp. 51.0 (Prev. 51.0); HCOB Composite Final PMI (Dec) 48.0 vs. Exp. 47.8 (Prev. 47.8)
- French HCOB Services PMI (Dec) 49.3 vs. Exp. 48.2 (Prev. 48.2); HCOB Composite PMI (Dec) 47.5 vs. Exp. 46.7 (Prev. 46.7)
- Italian HCOB Services PMI (Dec) 50.7 vs. Exp. 50.3 (Prev. 49.2); HCOB Composite PMI (Dec) 49.7 (Prev. 47.7)
- Spanish Services PMI (Dec) 57.3 (Prev. 53.1)
- UK S&P Global Service PMI (Dec) 51.1 vs. Exp. 51.4 (Prev. 51.4); S&P Global PMI: Composite (Dec) 50.4 vs. Exp. 50.5 (Prev. 50.5)
- EU HCOB Services Final PMI (Dec) 51.6 vs. Exp. 51.4 (Prev. 51.4)
- EU Sentix Index (Jan) -17.7 vs. Exp. -18.0 (Prev. -17.5)
NOTABLE EUROPEAN HEADLINES
- The percentage of UK businesses planning to raise prices in the coming three months rose to about 55% from 39% as tax increases and higher wage costs caused confidence to slump, according to a survey of 5,000 businesses by the British Chambers of Commerce via FT.
- Austrian Chancellor Nehammer said coalition talks between the two largest centrist parties in Austria on forming a government without the far-right Freedom Party have collapsed, while he will stand down as Chancellor and leader of the People’s Party in the coming days. It was later reported that the Austrian President van der Bellen agreed to meet with far-right Freedom Party leader Kickl on Monday and that Conservative People’s Party (OVP) Secretary-General Stocker was named as interim party leader. Furthermore, Stocker expects far-right leader Kickl will be tasked with forming a government and said the OVP will take part in coalition talks with the far-right Freedom Party and take them seriously.
- Many Eurozone economists warned that the ECB has been too slow to cut interest rates to help the economy and 46% of the economists surveyed said the ECB had fallen behind the curve, according to a poll by FT.
- French Budget Minister reiterates there will be a “Special Tax” on the biggest companies; is convinced they can find a majority in parliament to get a budget through. The 2024 deficit will be “around” 6.1%; sees 2025 deficit in a 5-5.5% range
NOTABLE US HEADLINES
- US President-elect Trump urged his fellow Republicans in Congress to combine his priorities into one bill which would cut taxes, bolster border security and increase domestic energy production, writing “it will all be made up with tariffs, and much more, from countries that have taken advantage of the U.S. for years”. (Truth Social)
- Biden-Harris administration announces Arizona state University research park as the planned site for third chips for America R&D flagship facility.
- US National Security Advisor Sullivan says the US is finalising steps to remove roadblocks in civil nuclear partnerships with Indian firms.
- Fed’s Kugler (voter) said on Friday that the economy ended 2024 in a good place with good growth and the process of disinflation has kept going, while she added that the labour market remains resilient and has been cooling gradually. Furthermore, Kugler said data will drive what the Fed does with policy and that there is a view that the Fed can take time on future rate cuts, according to CNBC. Kugler also commented over the weekend that inflation has been coming down but the job on inflation is not done, while she said they have moved to a more moderate level of restrictiveness and that they are heading towards the 2% inflation target, according to Reuters.
- Fed’s Daly (2027 voter) said inflation remains uncomfortably above their target, according to Reuters.
- New York became the first US city to launch a congestion charge zone on Sunday, according to FT.
- Canadian PM Trudeau is likely to resign prior to the national caucus meeting on Wednesday, according to Canadian press. There were separate comments from a source familiar with Trudeau’s that the PM is increasingly likely to announce he intends to step down but has not made a final decision. Furthermore, Polymarket’s odds for Trudeau to resign before February surged to over 70% over the weekend from around 33% on Friday, while Globe & Mail columnist Lawrence Martin commented on X that “Everybody’s gearing up for Trudeau’s resignation announcement, expected by Monday”.
GEOPOLITICS
MIDDLE EAST
- US President Biden notified Congress of USD 8bln arms sale to Israel, according to Axios.
- Hamas said it approved a list of 34 hostages presented by Israel to be exchanged in a ceasefire deal. However, it stated that any deal would depend on an agreement regarding a withdrawal and ceasefire, while it has not seen progress on issues regarding this, and Israeli PM Netanyahu’s office later stated that Hamas had not provided a list of hostage names.
- Saudi Foreign Minister met with US envoy Hochstein in Riyadh and discussed developments in Lebanon and regional issues.
- Syrian Foreign Minister Al-Shibani travelled to Doha to meet with senior Qatari officials.
- US is to ease aid restrictions for Syria in a limited show of support for the new government, according to WSJ.
- Iran will face a difficult year with the Trump administration which plans to increase sanctions on Iran, while the Trump administration sees Iran as still a threat to US allies and the Trump team is considering the option of air strikes to prevent Iran from building a nuclear weapon, according to WSJ.
- Israel wants to keep some sites outside the northern border in Lebanon indefinitely, via AJA Breaking.
RUSSIA-UKRAINE
- IAEA said staff reported hearing loud blasts near Ukraine’s Zaporizhzhia Nuclear Power Plant on Sunday which coincided with reports of a drone attack on the plant’s training centre, while the IAEA has not been able to confirm any impact and noted that reports stated there were no casualties and no impact on any nuclear power plant equipment, according to Reuters.
- Ukrainian President Zelensky said security guarantees for Ukraine to end Russia’s war will only be effective if the US provides them and he needs to sit down with US President-elect Trump to decide how to stop Russian President Putin before Ukraine can enter talks with the Russian side. Zelensky also said Europe must also have a voice in deciding a course of action before Ukraine talks to Russia and that Putin will destroy Europe if the US leaves the NATO military alliance, while he noted that North Korea has provided Russia with 3.7mln artillery shells in the war and that 3,800 North Korean troops fighting Ukraine in Russia’s Kursk region have been killed or wounded so far. Furthermore, Zelensky separately commented that there were heavy Russian and North Korean losses in Russia’s Kursk region.
- Ukraine’s air force said on Sunday morning that it had downed 61 drones launched by Russia in an overnight attack.
- Russia’s Defence Ministry said Russian forces took control of the Nadiya settlement in Ukraine’s Luhansk region, while it also announced that Ukraine launched a counter-attack in Russia’s Kursk region.
OTHER
- North Korea fired a suspected ballistic missile which was reported to have fallen shortly after and appeared to have landed outside of Japan’s exclusive economic zone, while the South Korea military said North Korea fired what appeared to be one intermediate-range ballistic missile.
CRYPTO
- Bitcoin is on a firmer footing and holds just above USD 98k; Ethereum sees gains to a lesser magnitude, and sits comfortably above USD 3.6k.
APAC TRADE
- APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.
- ASX 200 failed to sustain early gains as strength in real estate and tech was offset by losses in materials and miners.
- Nikkei 225 retreated on return from the New Year holiday closures amid higher yields and after the US blocked Nippon Steel’s bid to take over US Steel, while a weaker currency failed to support the risk appetite as participants also braced for weak results from retailers including Fast Retailing and Seven & I Holdings.
- Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed, while comments late last week from the PBoC’s MPC, which recommended strengthening the intensity of monetary policy adjustments and said it will cut RRR and interest rates at the proper time, did little to spur demand.
NOTABLE ASIA-PAC HEADLINES
- China’s stock exchanges asked some mutual funds to restrict stock selling at the start of the year, according to Reuters sources.
- PBoC pledged more financial support for innovation and consumption, while it will encourage foreign capital to invest in domestic tech.
- PBoC is expected to ramp up offshore yuan bill sales in Hong Kong in January and has ample toolkits and experience to react to yuan depreciation, while China has the ability to keep the yuan basically stable at reasonable and balanced levels, according to PBoC-backed Financial News.
- BoJ Governor Ueda said the virtuous cycle strengthened gradually last year and he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on economy and inflation, while Ueda added that momentum for wage increases is key and they must be vigilant to various risks in deciding timing for adjusting degree of monetary support.
DATA RECAP
- Chinese Caixin Services PMI (Dec) 52.2 vs. Exp. 51.4 (Prev. 51.5)
- Chinese Caixin Composite PMI (Dec) 51.4 (Prev. 52.3)
2C ASIAN REPORT
APAC Stocks mostly subdued amid mixed Caixin PMI, German CPI ahead – Newsquawk Europe Market Open
Monday, Jan 06, 2025 – 01:11 AM
- APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.
- Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed.
- US Republican Mike Johnson was re-elected as House Speaker on Friday. Elsewhere, Canadian PM Trudeau is likely to resign prior to the national caucus meeting on Wednesday, according to Canadian press.
- The percentage of UK businesses planning to raise prices in the coming three months rose to about 55% from 39% as tax increases and higher wage costs caused confidence to slump, according to a survey of 5,000 businesses by the British Chambers of Commerce via FT.
- European equity futures indicate a mildly higher cash open with Eurostoxx 50 futures up 0.6% after the cash market closed with losses of 0.9% on Friday.
- Looking ahead, highlights include EZ Sentix Index, German Prelim. CPI, EZ/UK/US Services & Composite PMI (Final), Factory Orders, Comments from Fed’s Daly, Supply from US, Earnings from Greggs.
SNAPSHOT
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US TRADE
EQUITIES
- US stocks saw strong gains on Friday with outperformance in the tech-heavy Nasdaq 100 (+1.7%) which was supported by advances in Nvidia (NVDA) (+4.5%) and Tesla (TSLA) (+8.3%), while newsflow was sparse to the end the week as participants continued to return from the holidays ahead of risk events picking up in the week ahead with FOMC Minutes and the latest US jobs report scheduled.
- SPX +1.26% at 5,942, NDX +1.67% at 21,326, DJIA +0.80% at 42,732, RUT +1.65% at 2,268.
- Click here for a detailed summary.
NOTABLE HEADLINES
- Fed’s Kugler (voter) said on Friday that the economy ended 2024 in a good place with good growth and the process of disinflation has kept going, while she added that the labour market remains resilient and has been cooling gradually. Furthermore, Kugler said data will drive what the Fed does with policy and that there is a view that the Fed can take time on future rate cuts, according to CNBC. Kugler also commented over the weekend that inflation has been coming down but the job on inflation is not done, while she said they have moved to a more moderate level of restrictiveness and that they are heading towards the 2% inflation target, according to Reuters.
- Fed’s Barkin (2027 voter) said on Friday that he still perceives core underlying inflation is coming down nicely, while he added the message from businesses is loud and clear that consumers are becoming more price sensitive. Barkin said he is in the camp of staying restrictive for longer given possible upside inflation risks and noted that conditions for cutting rates again include confidence in inflation’s return to 2% or weakening of demand.
- Fed’s Daly (2027 voter) said inflation remains uncomfortably above their target, according to Reuters.
- US Republican Mike Johnson was re-elected as House Speaker on Friday.
- New York became the first US city to launch a congestion charge zone on Sunday, according to FT.
- Canadian PM Trudeau is likely to resign prior to the national caucus meeting on Wednesday, according to Canadian press. There were separate comments from a source familiar with Trudeau’s that the PM is increasingly likely to announce he intends to step down but has not made a final decision. Furthermore, Polymarket’s odds for Trudeau to resign before February surged to over 70% over the weekend from around 33% on Friday, while Globe & Mail columnist Lawrence Martin commented on X that “Everybody’s gearing up for Trudeau’s resignation announcement, expected by Monday”.
APAC TRADE
EQUITIES
- APAC stocks traded mostly subdued following the lack of macro catalysts over the weekend and as participants digested the mixed signals from Chinese Caixin PMI data, while Japanese markets underperformed in their first trading session of 2025.
- ASX 200 failed to sustain early gains as strength in real estate and tech was offset by losses in materials and miners.
- Nikkei 225 retreated on return from the New Year holiday closures amid higher yields and after the US blocked Nippon Steel’s bid to take over US Steel, while a weaker currency failed to support the risk appetite as participants also braced for weak results from retailers including Fast Retailing and Seven & I Holdings.
- Hang Seng and Shanghai Comp were choppy following the somewhat mixed PMI data in which Chinese Caixin Services PMI data beat expectations, but the Caixin Composite PMI figure slowed, while comments late last week from the PBoC’s MPC, which recommended strengthening the intensity of monetary policy adjustments and said it will cut RRR and interest rates at the proper time, did little to spur demand.
- US equity futures were little changed and took a breather after last Friday’s consumer and tech-led advances.
- European equity futures indicate a mildly higher cash open with Eurostoxx 50 futures up 0.6% after the cash market closed with losses of 0.9% on Friday.
FX
- DXY traded little changed following the lack of major catalysts from over the weekend and after comments from Fed’s Kugler provided little to shift the dial in which she reiterated the US economy ended 2024 in a good place and noted inflation has been coming down but the job on inflation is not done, while participants await this week’s key events including FOMC Minutes and the latest NFP report.
- EUR/USD eked marginal gains against the dollar but with upside capped by quiet newsflow from the bloc and with political uncertainty in Austria, where talks between the two largest centrist parties on forming a government without the far-right Freedom Party collapsed, and far-right leader Kickl is now expected to be tasked with forming a government. Furthermore, a recent poll by FT noted Eurozone economists warned that the ECB has been too slow to cut interest rates to help the economy and 46% of the economists surveyed said the ECB had fallen behind the curve.
- GBP/USD remained afloat following its recent reclaim of the 1.2400 handle, while a survey by the British Chambers of Commerce showed the number of UK businesses planning to raise prices in the coming three months surged to about 55% from 39% as tax increases and higher wage costs caused confidence to slump.
- USD/JPY gained a firmer grip of the 157.00 handle as Japanese participants returned to the market despite the negative risk sentiment in Tokyo and the higher yield environment, while the pair was also unfazed by comments from BoJ Governor Ueda who stated that he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on economy and inflation.
- Antipodeans benefitted alongside the early strength in CNH after the PBoC continued to set a much stronger-than-expected yuan reference rate setting although the upside was limited and there was a relatively muted reaction to the varied Caixin PMI data.
- PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.3035 (prev. 7.1878).
FIXED INCOME
- 10yr UST futures were lacklustre following last Friday’s retreat in the aftermath of the ISM Manufacturing data in which the headline topped analysts’ forecast range and prices paid accelerated, while demand was also subdued ahead of this week’s supply.
- Bund futures languished near a two-month low after its recent slide beneath the 133.00 level and with German CPI data due later.
- 10yr JGB futures tracked weakness in global counterparts with the Japanese 10yr yield printing its highest since July 2011.
COMMODITIES
- Crude futures held on to the majority of the prior week’s gains but with further upside restricted amid a lack of energy-specific drivers and somewhat varied geopolitical commentary regarding Israel-Hamas negotiations.
- Saudi Arabia set February Arab light crude OSP to Asia at Oman/Dubai + USD 1.50/bbl, according to Reuters.
- US plans more sanctions on tankers carrying Russian oil, according to a source cited by Reuters.
- LNG tanker Coral Nordic will unload at Belgium’s Zeebrugge terminal on January 9th from Ruvys.
- German energy import Uniper’s (UN01 GY) CEO Mike Lewis said the company is working to protect its fleet of LNG tankers from seizure by nations friendly to Russia after it was hit with a EUR 14bln penalty by a Russian court in March as part of an international dispute with a subsidiary of Russian state-backed gas company Gazprom, according to FT.
- Spot gold attempted to nurse some of last Friday’s losses but then faltered amid a rangebound dollar and ahead of the key events from the US later this week, while Goldman Sachs also recently pushed back its USD 3,000/oz target to mid-2026.
- Goldman Sachs cut its gold price forecast in which it sees the precious metal to reach USD 2,910/oz by year-end and pushed back its USD 3,000/oz target to mid-2026, citing slower-than-expected Fed easing.
- Copper futures lacked conviction amid the mixed risk appetite in Asia and conflicting signals from the latest Chinese Caixin Services and Composite PMI data.
CRYPTO
- Bitcoin gradually extended on recent gains and climbed back above the USD 99,000 level.
NOTABLE ASIA-PAC HEADLINES
- PBoC pledged more financial support for innovation and consumption, while it will encourage foreign capital to invest in domestic tech.
- PBoC is expected to ramp up offshore yuan bill sales in Hong Kong in January and has ample toolkits and experience to react to yuan depreciation, while China has the ability to keep the yuan basically stable at reasonable and balanced levels, according to PBoC-backed Financial News.
- BoJ Governor Ueda said the virtuous cycle strengthened gradually last year and he plans to increase interest rates with continued economic improvements but added the timing of an adjustment is dependent on economy and inflation, while Ueda added that momentum for wage increases is key and they must be vigilant to various risks in deciding timing for adjusting degree of monetary support.
DATA RECAP
- Chinese Caixin Services PMI (Dec) 52.2 vs. Exp. 51.4 (Prev. 51.5)
- Chinese Caixin Composite PMI (Dec) 51.4 (Prev. 52.3)
GEOPOLITICS
MIDDLE EAST
- US President Biden notified Congress of USD 8bln arms sale to Israel, according to Axios.
- Hamas said it approved a list of 34 hostages presented by Israel to be exchanged in a ceasefire deal. However, it stated that any deal would depend on an agreement regarding a withdrawal and ceasefire, while it has not seen progress on issues regarding this, and Israeli PM Netanyahu’s office later stated that Hamas had not provided a list of hostage names.
- Saudi Foreign Minister met with US envoy Hochstein in Riyadh and discussed developments in Lebanon and regional issues.
- Syrian Foreign Minister Al-Shibani travelled to Doha to meet with senior Qatari officials.
- US is to ease aid restrictions for Syria in a limited show of support for the new government, according to WSJ.
- Iran will face a difficult year with the Trump administration which plans to increase sanctions on Iran, while the Trump administration sees Iran as still a threat to US allies and the Trump team is considering the option of air strikes to prevent Iran from building a nuclear weapon, according to WSJ.
RUSSIA-UKRAINE
- IAEA said staff reported hearing loud blasts near Ukraine’s Zaporizhzhia Nuclear Power Plant on Sunday which coincided with reports of a drone attack on the plant’s training centre, while the IAEA has not been able to confirm any impact and noted that reports stated there were no casualties and no impact on any nuclear power plant equipment, according to Reuters.
- Ukrainian President Zelensky said security guarantees for Ukraine to end Russia’s war will only be effective if the US provides them and he needs to sit down with US President-elect Trump to decide how to stop Russian President Putin before Ukraine can enter talks with the Russian side. Zelensky also said Europe must also have a voice in deciding a course of action before Ukraine talks to Russia and that Putin will destroy Europe if the US leaves the NATO military alliance, while he noted that North Korea has provided Russia with 3.7mln artillery shells in the war and that 3,800 North Korean troops fighting Ukraine in Russia’s Kursk region have been killed or wounded so far. Furthermore, Zelensky separately commented that there were heavy Russian and North Korean losses in Russia’s Kursk region.
- Ukraine’s air force said on Sunday morning that it had downed 61 drones launched by Russia in an overnight attack.
- Russia’s Defence Ministry said Russian forces took control of the Nadiya settlement in Ukraine’s Luhansk region, while it also announced that Ukraine launched a counter-attack in Russia’s Kursk region.
OTHER
- North Korea fired a suspected ballistic missile which was reported to have fallen shortly after and appeared to have landed outside of Japan’s exclusive economic zone, while the South Korea military said North Korea fired what appeared to be one intermediate-range ballistic missile.
EU/UK
NOTABLE HEADLINES
- The percentage of UK businesses planning to raise prices in the coming three months rose to about 55% from 39% as tax increases and higher wage costs caused confidence to slump, according to a survey of 5,000 businesses by the British Chambers of Commerce via FT.
- Austrian Chancellor Nehammer said coalition talks between the two largest centrist parties in Austria on forming a government without the far-right Freedom Party have collapsed, while he will stand down as Chancellor and leader of the People’s Party in the coming days. It was later reported that the Austrian President van der Bellen agreed to meet with far-right Freedom Party leader Kickl on Monday and that Conservative People’s Party (OVP) Secretary-General Stocker was named as interim party leader. Furthermore, Stocker expects far-right leader Kickl will be tasked with forming a government and said the OVP will take part in coalition talks with the far-right Freedom Party and take them seriously.
- Many Eurozone economists warned that the ECB has been too slow to cut interest rates to help the economy and 46% of the economists surveyed said the ECB had fallen behind the curve, according to a poll by FT.
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/Taiwan
Another sabotage: New Chinese ship suspected of severing major undersea cables near Taiwan
(zerohedge)
First Baltic Sea “Sabotage,” Now Chinese Ship Suspected Of Severing Major Undersea Cable Near Taiwan
Monday, Jan 06, 2025 – 08:35 AM
A little more than a month after critical undersea telecommunications cables were severed in the Baltic Sea region, reportedly by a Chinese vessel, a similar incident has unfolded just days into the new year—this time off Taiwan’s northern coast.
Taiwan English News reported that four core subsea telecom cables were damaged off the coast in Yehliu, New Taipei City, on Friday.
Chunghwa Telecom operates the $500 million Trans-Pacific Express cable network via a joint venture between six telecom companies, including China Telecom, China Netcom, China Unicom, Chunghwa Telecom, Korea Telecom, and Verizon Communications.
The cable connects East Asia to the US West Coast.
According to Taiwan’s National Coast Guard Administration, the Chinese vessel suspected of cutting the subsea cable just north of Taiwan is “Shunxin 39.” It’s a Cameroon-registered cargo ship.
EurAsian Times noted that Shunxin 39 is registered in Cameroon and belongs to Jie Yang Trading Limited, a Hong Kong-based company headed by Guo Wenjie, a Chinese national.
Chunghwa Telecom has since reported that data disruptions were restored by rerouting traffic to other international subsea cables.
As for the vessel, a Taiwan Coast Guard official told the Financial Times, “Since it was not possible for us to question the captain, we have asked the South Korean authorities to help with the investigation at the ship’s next port of destination.”
The latest undersea cable-cutting incident further heightens concerns of potential sabotage by agents of China and or Russia, raising alarms about hybrid warfare tactics targeting Western telecommunication infrastructure worldwide.
“This is another case of a very worrying global trend of sabotage against subsea cables,” said a senior Taiwanese national security official, adding, “The ships that are involved in these incidents are typically rundown vessels that have little above-the-board business. This one, too, is in very bad shape. It is similar to the ships that are part of Russia’s ‘shadow fleet.'”
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
EU/SYRIA
Europe will not fund creation of new Islamist structures, German FM says in Damascus
Germany and France plan to offer their technical help and advice to Syria as the country drafts a new constitution, Barrot told journalists.
By REUTERSJANUARY 3, 2025 14:26Updated: JANUARY 3, 2025 22:54
Europe will not fund the creation of new Islamist structures in Syria, German Foreign Minister Annalena Baerbock said in Damascus on Friday after meeting with the country’s de facto leader, Ahmed al-Sharaa.
Baerbock added that lifting sanctions on Syria will depend on the political process going forward.
“Europe will support, but Europe would not be a sponsor of new Islamist structures,” Baerbock said.
Baerbock said she was traveling to Syria with an “outstretched hand” and “clear expectations” of the new rulers, who she said would be judged by their actions.
“We know where the HTS comes from ideologically, what it has done in the past,” said Baerbock in a statement ahead of the trip, adding that a new beginning to relations could only happen if there is no place for extremism and radical groups.
“But we also hear and see the desire for moderation and for understanding with other important actors,” she added, citing talks with US-allied Kurdish-Syrian Democratic Forces.
The goal now is for Syria to once again become a respected member of the international community, she said, which also lies in Europe’s security interests.
French Foreign Minister Jean-Noel Barrot similarly expressed his hope for a “sovereign and safe” Syria that would leave no room for terrorism, chemical weapons, or malign foreign actors during a meeting with representatives from Syrian civil society organizations.
Syria’s future
Germany and France plan to offer their technical help and advice to Syria as the country drafts a new constitution, Barrot told journalists, saying that hope for the country’s democratic transition was “fragile but real”.
He called for a political solution for Kurdish fighters in Syria to be integrated into the Syrian state, adding that a permanent ceasefire must be achieved, but he did not respond when asked when the EU could lift sanctions on Syria.
Barrot also visited the French embassy, which has been closed since 2012, where he said France would work towards re-establishing diplomatic representation in line with political and security conditions, diplomatic sources said.
As part of their visit, the ministers took a tour of Syria’s most notorious prison, the vast Sednaya complex.
“Now it’s up to the international community to help to bring justice to the people who have suffered here in this prison of hell,” Baerbock said.
Syria’s newly appointed foreign minister, Asaad Hassan al-Shibani, said in a post on X on Friday that he conveyed on a visit to Saudi Arabia the vision of establishing a government based on partnership and efficiency that includes all Syrian components.
end
GERMANY
Germany, the backbone of the EU economy is now falling apart
(zerohedge)
“On Average, Germans Are Poorer” – Shocking Report For The EU’s Largest Economy
Monday, Jan 06, 2025 – 05:00 AM
Authored by Liz Heflin via Remix News,
Germany could enter its third year of economic recession in 2025, according to a report out of the Handelsblatt Research Institute (HRI), cited by the Mandiner news portal, meaning it will face the longest economic crisis in its post-World War II history.
Germany, the European Union’s largest economy, may shrink by 0.1 percent this year after a contraction of 0.3 percent in 2024 and 2023.
“The German economy is in the midst of the biggest crisis in post-war history,” said Bert Rürup, chief economist at HRI.
“The pandemic, the energy crisis, and inflation have made Germans poorer on average.”
The HRI is not alone.
In December, the German central bank lowered its growth forecast for 2025 to 0.2 percent from 1.1 percent forecast in June.
According to surveys, German citizens also say they are most worried about the economy ahead of the snap election on Feb. 23.
The dismal economic performance does not bode well for Minister of Economic Affairs Robert Habeck, who holds a degree in philosophy and is the Greens candidate for chancellor in the upcoming election.
Some have joked that if Habeck were to become chancellor, Germany would soon need economic aid.
The Nius news agency has also reported on data from the credit agency Creditreform, which reported there were almost a quarter more corporate bankruptcies in 2024 versus 2023, with 22,400 companies becoming insolvent, the highest number since 2015.
The number of consumer bankruptcies increased by 8.5 percent to just over 72,000 as well.
Meanwhile, credit insurer Allianz Trade expects even more bankruptcies in 2025, including a higher number of consumer bankruptcies.
The mood in industry, especially manufacturing, is particularly bad, says Nius, with nearly twice as many pessimistic about 2025 as those who have a more optimistic outlook.
In December, the Ifo business climate index continued to slide, reaching its lowest level since May 2020. Hardly a week goes by without an industrial group announcing job cuts, and a slowdown in investment means even fewer jobs, they noted.
In terms of layoffs, manufacturing and construction have been the hardest hit.
While the HRI report shows that employment increased slightly to 46.1 million people last year, the group now expects a decline of around 10,000 employed people per month.
HRI also sees no signs of an uptick in consumption, with inflation eating into disposable income despite gradually rising real wages. According to an Ipsos survey from December, only 38 percent of Germans believe the country is on the right track overall.
END
GERMANY
Their solar industry is a disaster
(zerohedge)
“A Lot Of Distress”: Germany’s Solar Industry Crushed By Demand Slump, Bankruptcies And Layoffs
Monday, Jan 06, 2025 – 02:45 AM
Germany’s solar industry is in “a lot of distress” a new report from Financial Times highlighted last week.
A slump in consumer demand has led to bankruptcies and layoffs in Europe’s largest rooftop solar market. Many installation and distribution companies have gone under, been acquired, or had to change strategies.
The oversupply of panels has driven prices down for consumers, but industry leaders warn it is deterring investors and jeopardizing a key sector for Europe’s climate goals, according to Financial Times.
Dries Acke, deputy chief executive of industry lobby group SolarPower Europe commented: “To some extent this is consolidation after a few exceptional years. You cannot have a green transition with red numbers. The sector needs to be profitable.”
Germany’s demand for solar panels surged after Russia’s 2022 invasion of Ukraine, driven by soaring energy costs. Manufacturers expanded rapidly, and installations hit 15GW in 2023, a European record. However, growth slowed in 2024, with 16GW installed, as residential demand dropped despite gains in commercial and solar farms.
This slowdown, amid a crowded market, challenges Germany’s goal of 19GW annually through 2030 to achieve carbon neutrality by 2045, according to the FT.
The solar market slowdown, also affecting Belgium and the Netherlands, is driven by rising interest rates increasing financing costs and a flood of cheap Chinese panels creating intense competition. European manufacturers like Meyer Burger face pressure, with layoffs and squeezed margins, while subsidies are being reduced.
The FT report noted that start-up Zolar, backed by €300mn in funding, cut over half its workforce and exited direct sales to homeowners due to lower energy prices reducing solar’s appeal. CEO Jamie Heywood noted the reduced financial incentive despite falling installation costs.
Zolar is shifting to support small local installers, which dominate Germany’s solar market.
Germany’s solar industry faces challenges, with companies like Eigensonne declaring bankruptcy and ESS Kempfle restructuring amid rising costs and reduced demand. Major players like Enpal and 1Komma5, valued at €2.2bn and €1bn respectively, have adapted.
Enpal expanded into heat pumps and smart meters, while 1Komma5 focused on energy optimization and battery development. Despite a tough market, balcony solar systems remain popular, and industry leaders see long-term growth potential, with millions of rooftops untapped.
Experts predict a slow recovery by 2030 but warn of continued short-term turbulence in the sector.
EU
It is now inevitable that the EU will collapse
(Leiroz)
Countdown To The European Collapse
Monday, Jan 06, 2025 – 03:30 AM
Authored by Lucas Leiroz,
With the ban on the flow of Russian gas to Europe through Ukrainian territory, little remains before the absolute economic and social collapse of the European continent…
Finally, energy cooperation between Russia and Europe is (almost) completely over. After nearly three years of sanctions and sabotage, the bilateral Moscow-EU energy partnership suffered its greatest historical blow. Kiev fulfilled its promise not to extend its contract with Gazprom, which was allowing the arrival of Russian gas to Europe, then creating an extremely uncomfortable energy insecurity situation for its own “partners” in the European Union.
On the morning of the first day of 2025, the Russian Federation stopped supplying gas to European buyers via Ukraine. Even amidst the conflict, the Russian Gazprom and Ukrainian Naftogaz had kept in operation an energy transit agreement signed in 2020, which expired on the last day of 2024. Previously, Kiev had already announced it was unwilling to renew the contract with Gazprom, although some European countries repeatedly asked Ukraine to do so.
Despite the sanctions imposed on Russia since 2022, some European countries continued benefiting from the import of Russian gas, particularly Slovakia and Hungary – nations that refused to participate in the Western-sponsored anti-Russian boycott – as well as Austria, a country historically neutral in Europe’s geopolitical and military disputes. Other nations, even adhering to the sanctions, continued hypocritically receiving Russian gas, such as Italy, Poland, Romania, and Moldova. There were also cases of gas resale, with receiving nations re-exporting the commodity to countries seeking to bypass the sanctions.
With the end of the Ukrainian route, all these states lost any guarantee of a safe energy source – precisely during winter, the time of year when gas consumption in Europe is at its highest. Obviously, there are currently energy reserves that may be enough to cope with the challenges of the current season, but the situation will progressively become more critical over time. European nations will have to find new sources of gas or expand the use of the only two remaining routes for Russian gas (via Turkey and the Black Sea). Recent indicators show a substantial rise in gas prices among Asian exporters. Ankara is also expected to take the opportunity to gain more profits from its pipeline.
There is currently hope among Europeans for a cheap gas supply through the long-awaited Qatari-Turkish pipeline project via Syria. With the fall of Bashar al Assad’s legitimate government, energy giants from Turkey and the Gulf have revived the proposal, although they are waiting for domestic pacification in Syria by the Al-Qaeda junta to begin the construction. Some optimistic analysts in Europe believe this would be the antidote to Europe’s dependency on Russian gas – or Asian and American, as in the current circumstances.
The main problem with this hope is believing in the goodwill of the Western hawks to “pacify Syria.” Without Assad, Damascus became a “failed state,” with territory divided between different factions in constant hostilities. It is unlikely this will change – simply because, despite the tactical operators of the Syrian crisis (Turkey and Qatar) wanting pacification, the strategic mentors (Israel and the USA) are not interested. Tel Aviv prefers a polarized and war-torn Syria, unable to do anything to prevent territorial progress in the Golan and beyond. Washington, which is subservient to Israeli interests through the international Zionist lobby, is interested in the same – along with, of course, fostering Kurdish terrorists to worsen the internal Syrian situation even further.
In other words, Western analysts still do not understand that the decision-makers of the unipolar axis simply do not want to solve Europe’s problems. It is not in the US’ interest that its “partners” in Europe regain cheap energy and a strong industrial base. For Washington, the collapse of Europe is not a tragedy but a strategic goal, whose roots lie in the science of geopolitics itself. According to the fundamentals of Western geopolitics, Russian-European integration would be disastrous for the US-UK Atlantic axis. Therefore, in the face of Russia’s imminent military victory and Moscow’s rehabilitation as a Eurasian geopolitical power, the Americans and the British have adopted a “scorched earth” strategy in Europe.
Sanctions, the terrorist attack on Nord Stream, and the closure of the Ukrainian route to Europe are events that are part of the same strategic context: in all these cases, Anglo-American strategists want to provoke an energy collapse in Europe to enable deindustrialization and the subsequent economic and social crisis. The final goal is a ruined Europe, not only unwilling but also incapable of establishing any future strategic ties with Moscow.
With the fall of the Ukrainian gas route, it can be said that the US won an important battle in its economic war against Europe. The total collapse is merely a matter of time.
END
UK
a failed state:
UK’s Starmer Dismisses Rape Gang Outrage As “Far-Right Bandwagon”
Monday, Jan 06, 2025 – 12:00 PM
After news broke that UK’s ‘safeguarding minister’ Jess Phillips blocked a public inquiry into the country’s prolific rape gangs, Prime Minister Keir Starmer – who allegedly covered for Jimmy Savile, went into victim mode – dismissing the outrage as simply part of the “playbook” of the “far right” – the same thing he said after a Muslim radical stabbed 8 children, killing 3, in the Southport Massacre.
Gangs of predominantly Pakistani men have been raping and torturing vulnerable underage girls over the past three decades, with several independent inquiries having indicated systemic failures to investigate the crimes (because it would be ‘racist’). Three separate reports, published in 2013, 2014 and 2015 revealed that local politicians and police covered up the rapes.
Of note, foreigners are three times as likely to be arrested for sex offenses vs. British citizens.
In response Elon Musk launched an attack on Starmer, accusing him of failing to properly investigate and prosecute the gangs, which he called a “state-sponsored evil,” and alleging that Starmer was “complicit in the RAPE OF BRITAIN.”
And as The Telegraph notes, the state “had to bury the story.”
Denial about the extent of the problem is rooted deep in Britain’s political system. At times, it appears that the government’s approach to multiculturalism is not to uphold the law, but instead to minimise the risk of unrest between communities. Confronted with gangs of predominantly Pakistani men targeting predominantly white children, the state knew exactly what to do. For the good of community relations, it had to bury the story.
In Rotherham, a senior police officer told a distressed father that the town “would erupt” if the routine abuse of white children by Pakistani heritage men became public knowledge. One parent concerned about a missing daughter was told by the police that an “older Asian boyfriend” was a “fashion accessory” for girls in the town. The father of a 15-year-old rape victim was told the assault might mean she would “learn her lesson”.
And of course, instead of accepting responsibility, Starmer responded to Musk’s comments – claiming that “threats” have been made over the blocked inquiry, and insists that the government will “get on with the job of protecting victims.”
Meanwhile, Musk continues to rage:
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/USA/HOUTHIS//YEMEN
opinion piece…
Israel must confront Iran to weaken the Houthis – opinion
Iran-backed Houthis intensify attacks on Israel and global trade routes, leveraging advanced weaponry and strategic support from Tehran to threaten regional stability and global maritime security.
By FARHAD REZAEIJANUARY 4, 2025 14:36
Israel is facing an escalating wave of missile and drone attacks from the Iran-backed Houthi rebels in Yemen. Despite forceful Israeli retaliatory strikes, the Houthis remain undeterred, largely thanks to Iran’s sponsorship, armament, and training.
While Yemen’s status as a “closed territory” restricts access and makes intelligence gathering exceedingly difficult, and its distant location complicates sustained airstrikes, the key factor tipping the balance is the Islamic Republic’s support. Consequently, the most effective way to curb the Houthis’ aggression is through direct action against the regime in Tehran.
Over the past year, Houthi rebels – officially known as Ansar Allah and acting as Iran’s proxy in Yemen – have waged a disruptive campaign against maritime traffic through the Bab al-Mandab strait, a vital chokepoint linking the Red Sea to the Gulf of Aden and the Indian Ocean.
This aggression has jeopardized the flow of goods through the Suez Canal, prompting several shipping companies to suspend operations in the region. The Houthis have targeted more than 40 commercial vessels, forcing others to reroute along longer and more expensive paths around the Cape of Good Hope.
While a US-led multinational coalition launched Operation Prosperity Guardian to address the threat, the operation has failed to halt the Houthi attacks.
Similarly, the Houthis have launched at least 200 missiles and 170 drones at Israel. In response, Israel has carried out severe retaliatory strikes, targeting key infrastructure, including ports, oil facilities, power stations, and Sanaa’s international airport. Yet, the Houthis remain undeterred.
Unlike Hamas and Hezbollah, confronting the Houthis in Yemen poses unique challenges for both Israel and the United States. Yemen’s status as a “closed territory” severely restricts access and renders intelligence gathering exceptionally difficult, unlike in Gaza, Lebanon, or Syria.
Moreover, the Houthis’ deep integration into local communities and their sophisticated use of human intelligence networks complicate efforts to obtain accurate and actionable intelligence. Additionally, unlike Lebanon, Syria, or Gaza, Yemen’s rugged and mountainous terrain provides the Houthis with natural fortifications, which complicate military operations and diminish the effectiveness of conventional warfare tactics.
This geographical advantage has allowed the Houthis to withstand years of aerial bombardment and assaults on multiple fronts by forces backed by the Saudi-led coalition. Despite being outgunned, outspent, and subjected to relentless aerial and satellite surveillance, these interventions have not significantly weakened them. Instead, the Houthis have consolidated their control over a vast portion of the country.
These challenges, significant as they are, pale in comparison to the extensive support the Houthis receive from Iran, which remains the most decisive factor in shaping their capabilities and resilience. This support includes crucial intelligence, along with the advanced weaponry and training that make the Houthis a formidable adversary.
Houthi armament since joining Iran’s AxisSince 2014, when Iran integrated the Houthis into the Axis of Resistance, the Islamic Revolutionary Guard Corps has supplied them with weapons, training, and strategic military support. This transformed the Houthis from a local insurgent group into a force capable of conducting advanced warfare.
The assistance has included anti-ship missiles, radar systems, mines, and explosive drone boats, enabling the Houthis to disrupt shipping and threaten the Bab al-Mandab Strait. Additionally, Iran established air and sea supply chains, including an “air bridge” via Mahan Air, to deliver further military aid.
BUILDING ON Iran’s extensive support, the IRGC has provided the Houthis with a range of advanced weaponry, including an anti-ship ballistic missile and short- to medium-range ballistic and cruise missiles. Among these is the Kheibar Shekan ballistic missile (renamed “Hatam” or “Palestine-2”), with a range of about 1,450 km.
Additionally, the IRGC has furnished the Houthis with various drones, including the Qasef-1 UAV (commonly called a “kamikaze” drone) for suicide attacks on coalition missile defense systems. The terror proxy also deploys the Vaeed-2 (IRGC’s Shahid 136) and Ababil drones, equipped with high-explosive warheads, to strike high-value targets like radar installations and Patriot missile batteries.
To bolster naval capabilities, the IRGC has supplied the Houthis with unmanned, remote-controlled boats loaded with explosives, as well as naval mines and anti-ship or man-portable missiles. These assets have enabled the Houthis to carry out attacks against land and sea targets, including civilian ports and energy infrastructure throughout the region.
Notably, the missiles used by the Houthis in September and December against Israel – called “Hatam” or “Palestine-2” – closely resemble the IRGC’s Fattah, itself a variant of the Kheibar Shekan missile unveiled in 2022.
Expanding on the IRGC’s extensive support, multiple sources indicate that the Houthis have received training in Iran, including advanced naval instruction at Iranian academies. Reports suggest that up to 200 Houthi fighters were trained at Iran’s Khamenei Academy of Naval Sciences and Technology in Zibakenar, significantly enhancing their maritime operational skills in Yemen.
These training programs have enabled the Houthis to conduct sophisticated military operations, including missile and drone attacks, against both military and civilian targets. The IRGC further supports the Houthis by providing critical intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) data to its Yemeni proxy.
The primary purpose of Iran’s support has been to expand its regional influence and integrate the Houthis into its broader Anti-Access/Area-Denial (A2/AD) strategy, an approach designed to prevent or limit the US and its allies from operating freely in critical regions near Iran and from projecting power well beyond its borders.
The Houthis have now been programmed to attack Israel with drones and ballistic missiles. Without the IRGC’s support, furnishing the Houthis with sophisticated systems that enable them to launch medium-range ballistic missiles at Israel, their capabilities would be far more limited.
The Houthis are a “hard nut to crack,” as many in Israel acknowledge. It is naïve to believe they will stand down, no matter how forcefully the US or Israel retaliates against their aggression. The Saudi-led coalition’s military forces were expected to swiftly defeat the Houthis; yet, despite vast expenditures on weaponry and a decade of bombing targeting the Houthis’ critical capabilities, they remain undefeated.
This resilience is largely due to the sponsorship, armament, and training provided by the Islamic Republic, which offers both material support and strategic guidance.
Any effective strategy to end the Houthis’ aggression must involve not only direct measures against the Houthis themselves but also against Iran. As long as the regime in Tehran remains untouched, it will continue to bolster the Houthis’ capacity to threaten global trade and security and direct them to target Israeli cities with drones and ballistic missiles.
The writer is a senior fellow at the Philos Project.
end
HOUTHIS/USA/SATURDAY
USA navy launches missiles at Houthi weapon production in Yemen
(JerusalemPost)
WATCH: US Navy launches missiles at Houthi weapon production and storage facilities
By JERUSALEM POST STAFFJANUARY 4, 2025 01:29
The US Navy launched Tomahawk Land Attack Missiles (TLAMs) at weapon production and storage facilities belonging to the Houthi terrorist organization in Yemen on Tuesday, CENTCOM announced early Saturday.
US forces reportedly used guided-missile destroyers from the Harry S. Truman Carrier Strike Group, which was operating in the Red Sea at the time of the missile precision strikes.
end
HOUTHIS/USA/MONDAY
Houthis Claim “Winged Missile & Drone” Attack On USS Harry S. Truman In Red Sea
Monday, Jan 06, 2025 – 02:40 PM
During a Monday evening press conference, Houthi military spokesman Yahya Saree claimed that the Yemeni Armed Forces targeted the USS Harry S. Truman (CVN-75) aircraft carrier with missiles and drones in the Red Sea area.
Saree claimed that the Yemeni Armed Forces targeted US warships to thwart an imminent US-led “attack against our country.”
Here’s the complete statement:
Triumphing for the oppression of the Palestinian people and their Mujahideen and in response to the massacres against our people in Gaza, and within the fifth phase of the supportive stages in the battle of the Promised Conquest and the Holy Jihad.
The missile and UAVs forces of the Yemeni Armed Forces carried out a specific and joint military operation targeting the American aircraft carrier USS Harry S. Truman using two winged missiles and four drones north of the Red Sea, while the American enemy was preparing to launch a major attack against our country, and the operation led to the failure of the attack.
The UAVs forces carried out two military operations this afternoon, the first of which targeted a military target linked to the Israeli enemy in the occupied area of Yaffa with two drones.
The other operation targeted a vital target linked to the Israeli enemy in occupied Ashkelon with a drone.
In another context, the UAVs force carried out a third military operation this evening targeting a military target linked to the Israeli enemy in the occupied Yaffa with a drone. The operations of the Armed Forces have successfully achieved their objectives.
The Yemeni Armed Forces will continue their operations in support of the Palestinian resistance, and these operations will not stop until the aggression on Gaza stops and the siege is lifted.
US Carrier Strike Group locations as of Dec. 31.
US Central Command (CENTCOM) has not released a statement regarding the incident.
ISRAEL HAMAS /
How the Adwan Hospital was the centre of Hamas control in the Gaza strip
(JerusalemPost)
‘His disguise was a facade’: How IDF revealed identities, Hamas’s plans in hospital – N12
“It was made to look like a hospital, and patients were brought there just for appearances,” Master Sgt. (Res.) G. said.
By JERUSALEM POST STAFFJANUARY 4, 2025 09:56Updated: JANUARY 4, 2025 10:01
During interrogations by IDF investigators, soldiers learned that senior Hamas operatives were running the Kamal Adwan Hospital in Jabaliya, Gaza, and planned to escape from the hospital during the IDF raid there last Friday using ambulances, Unit 504 investigators revealed to N12 in an interview published Thursday.
The Kamal Adwan Hospital was raided last Friday by the IDF and Shin Bet, who arrested more than 240 terrorists, some of whom participated in the October 7 massacre. Security forces decided to raid the hospital after intelligence revealed there were hundreds of terrorists hiding inside the compound.
An IDF reservist, Lt. (Res.) D., told N12 that while interrogating terrorists at the hospital, they all pointed to the hospital director and asked for him to come see them and help them. “We understood that the person at the very heart of the event, orchestrating the terror and Hamas activity in the compound, was the hospital director himself,” Lt. (Res.) D. said.
The reservist recalled that during the raid on the hospital, the hospital director, Dr. Hussam Abu Safiyeh, was “strutting around like a peacock” and was “confident he wouldn’t be arrested, believing he was untouchable and in control of the situation.”
Sgt. Maj. (Res.) A., another investigator present during the raid, confirmed that they discovered that the hospital director was a senior Hamas operative.
Master Sgt. (Res.) G., a commander and combatant in Shayetet 13 who was also at the raid, also said that the hospital director “really did walk around the premises like a peacock.”
“Dr. Abu Safiyeh watched as his doctors were incriminated one by one. He thought he wouldn’t be arrested. We realized that his disguise was just a facade—they were terrorists with blood on their hands. The hospital director understood that the entire charade had fallen apart, and in the end, he too was arrested,” he told N12.
Sergeant (res.) A. revealed that Hamas terrorists were planning to use ambulances to escape from the IDF raid during interrogations. “We received information that one of them would try to fake an injury, and based on that, we decided to check anyone inside the ambulance,” A. told N12.
“I approached the ambulance area and questioned a man who seemed suspicious from the outset,” A. continued. “He gave me a false name, presented a fake ID, and claimed he had been injured a few days earlier—but I noticed that the cast on his hand was fresh. The people around him also reacted to his lie with body language that reinforced my suspicions. I confronted him, telling him he was lying and that I knew exactly who he was and what his role was,” A. continued.
The man who was posing as a wounded civilian was actually a Hamas commander who had been involved in terrorist activities since October 7.
During his interrogation, he confessed and told interrogators that the doctor, who was with him, faked the cast so that he could escape in a humanitarian aid ambulance. “They know that there is little chance that the IDF will interrogate wounded people who are being evacuated for treatment, so he tried to take advantage of the opportunity and escape,” A. said.
Distinguishing between civilian and terrorist
Unit 504 investigators also told N12 how they distinguished between citizens and terrorists during the raid.
“The unit has a technological and intelligence system that can clearly distinguish between civilians and terrorists,” Lt. (Res.) D., a field investigator, explained to N12. “Despite the claims made around the world, with the help of techniques and technologies, we can identify who is innocent. Those individuals are released and provided with water, food, and anything else they need. The terrorists who are captured are interrogated in accordance with international law,” Sgt. Maj. (Res.) A. added.
Sgt. (res.) A. said that the investigators set up a “reception desk” after combat soldiers brought them terrorists captured inside the hospital. “We determined who each person standing before us was,” N12 quoted him saying. A. recalled that during these interrogations, he realized the extent of the terrorist operations inside the hospital.
“When we realized there were hundreds of terrorists who needed to be interrogated, we switched to conducting broader interrogations involving multiple detainees at once,” Lt. (Res.) D. told N12.
“Suddenly, information emerged that corroborated with other detainees’ statements, and new details surfaced about specific rooms inside the hospital. This was a significant real-time aid for the [combat] forces,” D. revealed.
Master Sgt. (Res.) G told N12 that they found terrorists disguised as women and even one who disguised himself as a woman holding a child. “With the necessary sensitivity, we placed the children aside and gave them candy. We checked to ensure that no terrorists had infiltrated disguised as women and that there was no attempt to hide hostages and smuggle them out of the area under the guise of humanitarian aid. However, anyone genuinely uninvolved in terrorism was not interrogated and was released,” N12 quoted G as saying.
The unit also noted that when they conduct medical checks of those who are in ambulances and the checks show that nothing is wrong with them, usually the terrorist who is claiming to be a wounded civilian confesses.
“At that point, they start telling us everything that happens in the hospital. Without a doubt, every Hamas terrorist we interrogated confirmed that the Kamal Adwan Hospital is their military base: it’s where they regroup, store their weapons, and manage the intelligence they gather. Some of the hospital rooms have been converted into Hamas operational rooms.”
“Kamal Adwan Hospital is a Hamas operations and organization base, including the preparation of explosives, ammunition, and weapons,” N12 quoted Master Sgt. (Res.) G. as saying. “Every issue related to hostages has passed through this hospital at various times. Hamas set up operational rooms inside the hospital, and no civilian ever entered those rooms.”
The Unit 504 investigators said that this hospital did not even really function as a hospital. “It was made to look like a hospital, and patients were brought there just for appearances. In reality, there are entire sections meant solely for the entry of Hamas terrorists,” Master Sgt. (Res.) G. explained.
Kamal Abdel Hafiz Adwan, who the hospital was named after, was a Fatah terrorist who carried out attacks in Nahariya and in the Carmel Market, according to N12. He was killed during a 1973 raid in Lebanon by the IDF.
end
ISRAEL/HAMAS/SATURDAY
North Gaza: IDF destroys Hamas’s officers neighbourhood
(JerusalemPost)
IDF says it destroyed Hamas ‘officers’ neighborhood’ that served as north Gaza terror compound overlooking Israel
Today, 12:14 pm
Troops operating in north Gaza in an undated photo released for publication by the military on January 4, 2024 (Israel Defense Forces)
The Israel Defense Forces says troops have completed an operation in a northern Gaza neighborhood used as a hideout and command center by senior Hamas commanders.
The military says the “officers’ neighborhood” has buildings overlooking Israel that serve as a “central terror complex” with anti-tank firing positions, booby traps and tunnels. The neighborhood also had rocket launchers aimed at Israel.
The IDF says troops destroyed the entire complex and the terror infrastructure it housed.
END
ISRAEL/HAMAS/SUNDAY
IDF strikes over 100 Hamas terror targets in Gaza Strip over weekend
Based on IDF intelligence, the IAF conducted precision strikes, neutralizing dozens of Hamas terrorists and dismantling key launch sites.
By JERUSALEM POST STAFFJANUARY 5, 2025 07:33Updated: JANUARY 5, 2025 12:03
The IDF and Shin Bet (Israel Security Agency) conducted a series of strikes targeting over 100 terrorist sites across the Gaza Strip over the weekend, the military announced on Sunday.
The announcement came after the Hamas terrorist organization launched multiple projectiles toward Israeli territory from the Gaza Strip over the weekend, prompting a coordinated response.
Based on IDF intelligence, the Israeli Air Force (IAF) conducted precision strikes, neutralizing dozens of Hamas terrorists and dismantling key launch sites from which the attacks originated.
An infographic of Hamas underground weapons manufacturing infrastructure in central Gaza. (credit: IDF SPOKESPERSON’S UNIT)
Necessary precautions
Prior to the strikes, the IDF implemented precautionary measures to minimize civilian casualties, including aerial surveillance, the deployment of precision-guided munitions, and comprehensive intelligence reviews.
The IDF and Shin Bet reiterated their commitment to protecting Israeli citizens and maintaining security by continuing operations against terrorist factions in the Gaza Strip.
END
HAMAS/ISRAEL/USA
Blinken is one complete moron
(Times of Israel)
Blinken says he had to threaten that Biden would not come to Israel after Oct. 7 in order to persuade Netanyahu gov’t to let aid into Gaza
Today, 4:42 pm
President Joe Biden is greeted by Israeli Prime Minister Benjamin Netanyahu after arriving at Ben Gurion International Airport, Wednesday, Oct. 18, 2023, in Tel Aviv. (AP Photo/Evan Vucci)
US Secretary of State Antony Blinken reveals that in the first days after Hamas’s October 7, 2023, assault on Israel, he had to threaten that President Joe Biden would not visit Israel as planned unless the Netanyahu government allowed aid into Gaza.
Speaking to The New York Times in a wide-ranging interview at the end of his tenure, Blinken talks about the initial siege imposed by Israel on Gaza in the wake of the Hamas massacre in southern Israel that killed some 1,200 people and saw another 251 taken hostage.
Blinken details how during his trip to Israel five days after the attack, he met with Israeli leaders, including Prime Minister Benjamin Netanyahu, at the IDF headquarters in Tel Aviv, “arguing for hours on end about the basic proposition that the humanitarian assistance needed to get to Palestinians in Gaza.”
“And that was an argument that took place because you had in Israel in the days after Oct. 7 a totally traumatized society. This wasn’t just the prime minister or a given leader in Israel. This was an entire society that didn’t want any assistance getting to a single Palestinian in Gaza. I argued that for nine hours,” he says.
Ultimately, he says, he had to threaten that Biden would not come to Israel if aid did not start going in.
“I told the prime minister, I’m going to call the president and tell him not to come if you don’t allow this assistance to start flowing. And I called the president to make sure that he agreed with that, and he fully did. We got the agreement to begin assistance through Rafah, which we expanded to Kerem Shalom and many other places,” he says.
US Secretary of State Antony Blinken, left, and Prime Minister Benjamin Netanyahu make statements to the media inside The Kirya, which houses the Israeli Ministry of Defense, after their meeting in Tel Aviv, Thursday, Oct. 12, 2023. (AP Photo/Jacquelyn Martin, pool)
In the interview, Blinken reiterates that the US does not believe that Israel is carrying out genocide in Gaza, although he says that there were times when Israel was not “doing enough” to allow in humanitarian assistance.
Blinken also denies that Netanyahu was responsible for a cease-fire hostage deal falling apart in July and says that ultimately it has been Hamas that foiled an agreement.
“What we’ve seen time and again is Hamas not concluding a deal that it should have concluded,” Blinken says.
He also expresses deep dismay that most global pressure to end the conflict has been on Israel, not Hamas.
“One of the things that I found a little astounding throughout is that for all of the understandable criticism of the way Israel has conducted itself in Gaza, you hear virtually nothing from anyone since Oct. 7 about Hamas,” Blinken says.
Relatives and supporters of Israelis held hostage in Gaza since October 7 call for their release outside US Secretary of State Antony Blinken’s hotel in Tel Aviv on March 22, 2024 (JACK GUEZ / AFP)
“Why there hasn’t been a unanimous chorus around the world for Hamas to put down its weapons, to give up the hostages, to surrender — I don’t know what the answer is to that. Israel, on various occasions has offered safe passage to Hamas’s leadership and fighters out of Gaza. Where is the world? Where is the world, saying, Yeah, do that! End this! Stop the suffering of people that you brought on!”
END
LEBANON/HEZBOLLAH/ISRAEL
Israel may stay longer than the 60 day ceasefire agreement
(JerusalemPost)
Hezbollah leader Naim Qassem: ‘Our patience may run out before the end of the 60-day ceasefire’
Qassem claimed that at the time of the ceasefire’s announcement in late November, Hezbollah still had significant military capabilities.
By JERUSALEM POST STAFFJANUARY 4, 2025 22:27
Hezbollah Secretary-General Naim Qassem threatened Israel regarding the 60-day ceasefire deal with Lebanon, saying that “our patience may run out before the end,” Hezbollah’s Al-Manar media outlet quoted him as saying on Saturday night.
The report also quoted the Hezbollah leader saying that “resistance is a cultural, religious, political and jihadi choice” and that not doing so is “submitting to the enemy in what he wants to do.”
“We have chosen resistance as a faith-based choice. It is our choice to liberate the land, protect sovereignty, support Palestine,” he continued, citing “the right to confront the expansionist Israeli occupation.”
“The leadership of the resistance are the ones who decide when to resist, how to resist, the method of resistance, and the weapons they use.”
“There is no timetable that specifies the resistance’s performance, neither in the agreement nor after the end of the 60-day period in the agreement. We said that we are giving an opportunity to prevent Israeli violations, implement the agreement, and be patient. This does not mean that we will be patient for 60 days, nor does it mean that we will be patient for less or more than 60 days.”
The terrorist leader continued, telling the general public: “I hope you do not tire yourselves too much with political analyses or some statements about what Hezbollah will do when 60 days pass. When we decide to do something, you will see it directly.”
Qassem then referenced the 1982 Lebanon war and how Israel “reached Beirut within days.”
We continued to resist as an Islamic resistance and a national resistance and all the honorable resistance fighters from 1982 to 2000 until we liberated this land. It was liberated within 18 years with the blessing of the resistance.”
He compared Israel’s military operations reaching Beirut then to the IDF’s operations of last year in Lebanon, incorrectly stating that the IDF was unable to reach the south of the Litani River or Beirut.
The IDF reached the river for the first time in two decades on November 26.
“When you are facing an army that comes with five divisions, numbering 72,000 soldiers and officers, in order to penetrate the borders and in order to reach the river or beyond and is unable to do so, does that not mean that the resistance is strong, deterrent, effective, and disrupts the enemy’s goals?” he asked.
‘Significant military capabilities’
Qassem claimed that at the time of the ceasefire’s announcement in late November, Hezbollah still had significant military capabilities. He also asserted that Israel was forced to request a ceasefire due to Hezbollah’s “significant abilities.”
“These resistance fighters possess the solid will and the martyrdom determination that rejects the occupation. We faced unprecedented aggression. We stood firm as a resistance, our people stood firm, and Lebanon stood firm. Together, we broke the backbone of their efforts to end the resistance project. We broke the backbone of Israel. They were unable to achieve their goal.”
“It is true that the sacrifices were great, but the way to remain honorable is to make these great sacrifices,” Qassem added. “If these great sacrifices are not made, what is the result? That it stops? That we don’t resist? That Israel enters, occupies, and reaches Beirut? No, we are honorable. The resistance will continue.”
END
LEBANON/ISRAEL/HEZBOLLAH
Katz: Israel will act if Hezbollah does not withdraw beyond Litani River
“If Hezbollah does not withdraw beyond the Litani River, there will be no agreement — and Israel will act on its own to ensure the safe return of the northern residents to their homes,” he noted.
By JERUSALEM POST STAFFJANUARY 5, 2025 12:57
Defense Minister Israel Katz warned of severe consequences were Hezbollah not to withdraw beyond the Litani River during a visit to the North on Sunday.
“If Hezbollah does not withdraw beyond the Litani River, there will be no agreement — and Israel will act on its own to ensure the safe return of the northern residents to their homes,” he noted.
This comes as the US envoy to the Middle East, Amos Hochstein, is set to visit the region and the upcoming completion of the 60-day period stipulated in the ceasefire signed in November between Israel and Lebanon.
During the 60-day period, Israeli forces are expected to withdraw from southern Lebanon, where the Lebanese military would be deployed, with Hezbollah moving north of the Litani River.
Troops operate in the Syrian Hermon area
Also, on Sunday, on an additional northern front, the IDF revealed that troops had completed a large operation in the Syrian Hermon.
Troops searched military structures, unearthing and subsequently destroying weapons and intelligence information cache.
Within it were explosives, anti-tank missiles, rocket launchers, and rockets.
END
ISRAEL WEST BANK/sunday
1 Palestinian killed, 9 injured during IDF counterterror raid in northern West Bank
By Agencies and ToI StaffToday, 10:39 am
The Palestinian Authority health ministry says one person was killed and nine injured during an Israel Defense Forces raid on the Balata refugee camp in the northern West Bank.
The IDF says that during the “counterterrorism” operation, “terrorists placed explosives in the area to harm (military) soldiers, hurled explosives, Molotov cocktails and rocks, and shot fireworks at the forces.”
“The forces fired toward the terrorists in order to remove the threat. Hits were identified,” the IDF statement says.
The PA health ministry says an 18-year-old man, Muhammad Medhat Amin Amer, “was killed by bullets from the occupation in the Balata camp,” adding that nine people were injured, “four of whom are in critical condition.”
According to the Palestinian Red Crescent, the raid began last night and triggered violent clashes.
The official Palestinian news agency Wafa reported that Israeli troops entered the camp from the Awarta checkpoint and “deployed snipers on the rooftops of surrounding buildings.”
Since October 7, 2023, troops have arrested some 6,000 wanted Palestinians across the West Bank, including more than 2,350 affiliated with Hamas.
According to the Palestinian Authority health ministry, more than 835 West Bank Palestinians have been killed in that time. The IDF says the vast majority of them were gunmen killed in exchanges of fire, rioters who clashed with troops or terrorists carrying out attacks.
During the same period, 43 people, including Israeli security personnel, have been killed in terror attacks in Israel and the West Bank. Another six members of the security forces were killed in clashes with terror operatives in the West Bank.
END
ISRAEL/WEST BANK/MONDAY
(JERUSALEMP[OST)
Three murdered, including police officer, in terror attack near Kedumim
Eight other individuals were wounded in the attack and were transferred to hospital for further medical treatment.
By JERUSALEM POST STAFFJANUARY 6, 2025 09:25Updated: JANUARY 6, 2025 14:42
Two women in their 60s and a man in his 40s were killed and eight others were wounded in a shooting terror attack near Kedumim in the West Bank, Israel’s emergency medical response service, Magen David Adom (MDA) said on Monday.
The man was later identified as an Israel Police Staff -Sergeant Major named Elad Yaakov Winkelstein.
MDA added that its paramedics were providing treatment to the 63-year-old bus driver who sustained serious wounds, a woman in her 60s in moderate condition, and six people who suffered from light wounds. They were subsequently transferred to the Rabin Medical Center-Beilinson Campus in Petah Tikva and the Meir Medical Center in Kfar Saba.
The IDF confirmed that the terrorists were affiliated with Palestinian Islamic Jihad (PIJ) and originated from Jenin.
Manhunt for terrorists ensues
The IDF said that terrorists had opened fire at a bus and vehicles in the area. Security forces were searching for the terrorists, setting up roadblocks in the area and encircling nearby towns.
MDA paramedic Avichai Ben Zuria noted, “”This was a severe attack that spread across multiple scenes where vehicles and a bus were hit by gunfire.
He recounted what he saw upon arrival at the scene. “During our initial searches for casualties, we found 2 women around 60 years old in a vehicle, unconscious without pulse or breathing, with gunshot wounds. About 150 meters away, there was an unconscious driver who also suffered gunshot wounds. After medical assessments, unfortunately, their injuries were severe, and we had to pronounce them deceased.”
ZAKA chief of operations, Chaim Weingarten, said ZAKA teams in the area were “on their way to the scene to treat the deceased with respect and handle the difficult findings.”
‘No one will go unpunished’
Following the attack, Prime Minister Benjamin Netanyahu sent his condolences to he families of the victim in a post on X/Twitter. He added, “We will reach the despicable murderers and settle accounts with them and with anyone who assisted them. No one will go unpunished.”
Defense Minister Israel Katz wrote in a post on X that he had instructed the IDF to “act forcefully in every location” that can lead to the terrorists. He further stated that Israel would “not tolerate a Gaza-like reality in the West Bank.
This is a developing story.
end
Three murdered, including police officer, in terror attack near Kedumim
Eight other individuals were wounded in the attack and were transferred to hospital for further medical treatment.
By JERUSALEM POST STAFFJANUARY 6, 2025 09:25Updated: JANUARY 6, 2025 15:33
Two women in their 70s and a man in his 40s were killed, and eight others were wounded in a shooting terror attack near Kedumim in the West Bank, Israel’s emergency medical response service, Magen David Adom (MDA) said on Monday.
The man and women were later identified as Elad Yaakov Winkelstein, Rachel Cohen, and Aliza Reiss.
Winkelstein was an Israel Police Staff -Sergeant Major. Cohen, 73, was a school counselor and the mother of five daughters. Reiss, 70, was also a school counselor and is survived by her children and family.
MDA added that its paramedics were providing treatment to the 63-year-old bus driver who sustained serious wounds, a woman in her 60s in moderate condition, and six people who suffered from light wounds. They were subsequently transferred to the Rabin Medical Center-Beilinson Campus in Petah Tikva and the Meir Medical Center in Kfar Saba.
The IDF confirmed that the terrorists were affiliated with Palestinian Islamic Jihad (PIJ) and originated from Jenin.
Manhunt for terrorists ensues
The IDF said that terrorists had opened fire at a bus and vehicles in the area. Security forces were searching for the terrorists, setting up roadblocks in the area and encircling nearby towns.
MDA paramedic Avichai Ben Zuria noted, “”This was a severe attack that spread across multiple scenes where vehicles and a bus were hit by gunfire.
He recounted what he saw upon arrival at the scene. “During our initial searches for casualties, we found 2 women around 60 years old in a vehicle, unconscious without pulse or breathing, with gunshot wounds. About 150 meters away, there was an unconscious driver who also suffered gunshot wounds. After medical assessments, unfortunately, their injuries were severe, and we had to pronounce them deceased.”
ZAKA chief of operations, Chaim Weingarten, said ZAKA teams in the area were “on their way to the scene to treat the deceased with respect and handle the difficult findings.”
‘No one will go unpunished’
Following the attack, Prime Minister Benjamin Netanyahu sent his condolences to he families of the victim in a post on X/Twitter. He added, “We will reach the despicable murderers and settle accounts with them and with anyone who assisted them. No one will go unpunished.”
Defense Minister Israel Katz wrote in a post on X that he had instructed the IDF to “act forcefully in every location” that can lead to the terrorists. He further stated that Israel would “not tolerate a Gaza-like reality in the West Bank.
This is a developing story.
end
Netanyahu approves new offensive, defensive security measures in West Bank
By AMICHAI STEINJANUARY 6, 2025 17:49
Prime Minister Benjamin Netanyahu held a security assessment meeting on Monday evening focused on the topic of the West Bank, with the participation of the Defense Minister, IDF Chief of Staff, Shin Bet Director, the Prime Minister’s military secretary, and other senior security officials.
During the meeting, the Prime Minister approved operations to apprehend the terrorists who committed the shooting terror attack earlier on Monday in Kedumim and ensure they face justice. He also endorsed a series of additional defensive and offensive measures in the region.
end
ISRAEL/USA
Biden To Approve Massive $8BN Weapons Sale To Israel Before Leaving Office
Sunday, Jan 05, 2025 – 12:15 PM
President Biden late last week notified Congress that he will approve a last massive arms sale to Israel before leaving office. Axios reported on Friday, “The State Department has notified Congress ‘informally’ of an $8 billion proposed arms deal with Israel that will include munitions for fighter jets and attack helicopters as well as artillery shells.”
The Biden White House is persisting in this despite being punished in the polls by the Progressive wing of Democrats, including in key states like Michigan, which has a large Arab-American population. The Israel issue assisted with Trump’s sailing to an easy victory as these communities wanted to ‘punish’ Biden and the Democrats.
At this point Gaza health sources have said that at least 45,000 Palestinians have died in the Gaza war since the Hamas terror attack of Oct.7, 2023.
Amnesty International is among those humanitarian bodies alleging that Israel is conducting a genocide in Gaza and is calling on all countries to cut off the flow of arms.
“States that continue to transfer arms to Israel at this time must know they are violating their obligation to prevent genocide and are at risk of becoming complicit in genocide,” said Agnès Callamard, Amnesty’s secretary-general.
“All states with influence over Israel, particularly key arms suppliers like the USA and Germany, but also other EU member states, the UK and others, must act now to bring Israel’s atrocities against Palestinians in Gaza to an immediate end,” she added.
Below is a partial list of the most controversial items to be included in the new sale:
- AIM-120C-8 AMRAAM air-to-air missiles
- Hellfire AGM-114 missiles
- 155 MM artillery rounds
- small-diameter bombs
- JDAM kits
- 500-pound bombs
Many of the above US weapons, especially the 500-pound bombs, have been condemned by rights groups and among some European politicians as causing mass civilian casualties. Israel has claimed it hits Hamas targets in precision strikes, but a 500-pound bomb is by design meant to inflict destruction with a large radius.
The Washington Post wrote in October, “The Biden administration has received nearly 500 reports alleging Israel used U.S.-supplied weapons for attacks that caused unnecessary harm to civilians in the Gaza Strip.”
As for the incoming Trump administration, it is expected to sustain massive US taxpayer funded support to Israel’s defense, despite the “America First” mantra. Both sides of the aisle in Congress are united especially in their unwavering and blank check support to Israel. It is a key element of US foreign policy that never changes.
end
ISRAEL/LEBANON/HEZBOLLAH
TIMES OF ISRAEL
Reports: IDF may extend south Lebanon presence for 30 more days as Hezbollah regroups
Today, 11:30 am
IDF troops with the 769th “Hiram” Regional Brigade operate in southern Lebanon, in a handout photo issued on December 31, 2024. (Israel Defense Forces)
A Hezbollah-aligned newspaper says Lebanese army officials have received “serious signals” from the US military official tasked with overseeing the Israel-Hezbollah ceasefire that the Israel Defense Forces could extend its presence in south Lebanon for an additional 30 days.
The Al-Akhbar report says the message sent by Major General Jasper Jeffers, Special Operations Command Central (SOCCENT) to the Lebanese military, is that the decision depends on whether Israel can “fulfill its goals of ensuring the end of [Hezbollah’s] ability to carry out a preemptive attack.”
The Kan public broadcaster reports that the IDF may delay its withdrawal from south Lebanon because the Lebanese army is not meeting its terms of the ceasefire and is deploying too slowly in the area, with Hezbollah regrouping.
Additionally, the Lebanese army is not attacking Hezbollah targets, the report says.
As part of the truce agreement, the Lebanese army and United Nations Interim Force in Lebanon (UNIFIL) peacekeepers are deploying in southern Lebanon, as the Israeli army pulls out over a period of 60 days.
The IDF under the ceasefire agreement has until late January to withdraw from southern Lebanon, and, in the meantime, it continues to operate against and destroy Hezbollah infrastructure.
The truce went into effect on November 27, about two months after Israel stepped up its bombing campaign and later sent troops into Lebanon, almost a year after the Iranian proxy started attacking Israeli communities with rockets and drones on October 8, 2023, a day after its ally Hamas attacked Israel from Gaza.
The two sides have since traded accusations of violating the truce.
END
IRAQ/IRAN VS ISRAEL ET AL
a must read…
Qaani in Baghdad: Mobilizing Iran’s terror axis against Israel – opinion
Qaani’s visit to Baghdad, far from signaling strength, reveals the regime’s desperation to cling to its crumbling empire.
By ERFAN FARDJANUARY 6, 2025 12:05Updated: JANUARY 6, 2025 14:52
Since the collapse of Bashar al-Assad’s brutal regime in Syria, Iran’s dictator Ali Khamenei has delivered four inflammatory speeches targeting Syria, including two recent direct threats against uprisings in the country. This rhetoric mirrors the era when Khomeini, the founder of Iran’s Islamic theocracy, provoked Saddam Hussein and Iraq’s army after seizing power in 1979. Khamenei, at 86 years old, remains one of the longest-serving and bloodiest dictators in the modern world, masking his tyranny under a veneer of false sanctity. In his worldview, the entire world is misguided, and only he holds the truth.
This duplicitous despot plays a double game, criticizing Trump through hardliners while pursuing new diplomacy through reformists. But the reality is stark: Khamenei’s spiderweb of Islamic terror networks is collapsing. The millions of dollars spent on Hamas and Hezbollah have been squandered in defeat. He knows that if Israel, under Netanyahu, and the US, under Trump, dismantle his remaining terrorist proxies, like the Houthis, PIJ and Hashd al-Shaabi, the focus will shift to Iran’s nuclear program. More critically, Khamenei understands that if his nuclear ambitions and producing nuclear bomb are curtailed, the Iranian people will rise in a nationwide rebellion, consigning his regime to the ash heap of history.
While global diplomatic norms often temper such blunt assessments, most Middle Eastern leaders, particularly in the Persian Gulf, recognize the truth. The criminal ayatollahs in Iran came to power through the chaos of 1979’s revolt, riding on a wave of Islamic and Marxist terrorism. They have maintained their grip on power through violence, barbarism and coercion, devoid of legitimacy or popularity at home or abroad. Western diplomatic overtures to Iran betray a fundamental misunderstanding of history and the destructive ideology of Khomeinism.
Today, Esmail Qaani’s arrival in Baghdad has once again dominated headlines across the Middle East. Despite rumors about his fate, Qaani remains a delusional and destructive figure, isolated yet dangerous. Unlike his predecessor, he has yet to earn Khamenei’s Medal of Conquest. His deputies, Iraj Masjedi and Mohammad Reza Fallahzadeh, share his commitment to expanding Islamic terrorism within the Shia crescent. These three men, notorious for their crimes against Israeli and American forces, remain fugitives from justice. But what is Qaani’s true mission in the aftermath of Iran’s repeated failures in the Middle East?
Qaani’s multi-faceted mission
From an intelligence perspective, Qaani’s mission appears to have several dimensions, none of which have escaped the vigilance of Mossad, the CIA, or allied intelligence agencies in the region.
Reinforcing the proxy network in Iraq
Qaani seeks to revive and consolidate control over Iraq’s Shia terrorist groups. These militias, whether Arab, Sunni, or Kurdish (including the Barzanis and PKK), maintain close ties with the IRGC. Qaani aims to exert more direct influence over groups like Hashd al-Shaabi, preventing the collapse of Iran’s proxy network in Iraq. Figures like Ali Sistani, who shares Khamenei’s vision of a Shia crescent, are unlikely to oppose these efforts.
Provoking anti-Israel forces
Qaani’s strategy includes mobilizing Iran’s proxies against Israel to redefine their roles in the regional equation. For Qaani, his deputies, and even Iran’s ambassador to Iraq—a Quds Force operative using the pseudonym Al-Sadeq—every proxy must be weaponized as a tool against Israel. Groups like Hashd al-Shaabi, equipped with missiles, drones, and intelligence from Iran’s Ministry of Intelligence and IRGC, are being primed to pressure Israel.
Restoring Influence in Syria
Qaani’s ultimate goal is to reestablish Iran’s waning influence in Syria. For Tehran, Syria has long served as a vital corridor connecting it to Hezbollah, Hamas, and Islamic Jihad, preserving its strategic position against Israel. However, relentless Israeli strikes on Iranian positions in Syria have turned this once-reliable card into a liability, creating a nightmare for Tehran’s military and security apparatus.Strategic Adjustments and Regional Risks
Qaani’s mission also involves mitigating regional pressures. For instance, he may seek to use Hashd al-Shaabi to shield the Houthi terrorist rebels, who are under increasing pressure from U.S. and allied forces. Simultaneously, Iran is investing in local and ethnic groups like the Kurds and PKK, attempting to establish new axes of influence. Yet, such maneuvers are unacceptable to Israel and its allies.
From a strategic standpoint, Qaani’s presence in Baghdad signals a potential effort to redeploy Shia forces or pivot strategies to maintain Tehran’s regional influence. However, these actions underscore the regime’s inherent instability and belligerence rather than any meaningful strategy.
The bigger picture
Accompanied by his deputies Masjedi and Fallahzadeh, Qaani’s Baghdad mission revolves around preserving and rebuilding Iran’s proxy terror network, escalating pressure on Israel, and coordinating regional operations in Syria. These objectives highlight Khamenei’s determination to maintain his destabilizing role in the Middle East. Yet, given mounting internal and international pressures, these desperate attempts to salvage Iran’s terror network are fraught with challenges.
The CIA’s new leadership, John Ratcliff, in collaboration with the Pentagon and Israel, will likely block Tehran’s ambitions to rebuild its aggressive influence. The reality is that Iran’s regime is weaker than ever, grappling with repeated defeats on regional and international fronts. Khamenei’s fragile spiderweb is unraveling, and the forces arrayed against him are growing stronger.
Qaani’s visit to Baghdad, far from signaling strength, reveals the regime’s desperation to cling to its crumbling empire. For Tehran, the clock is ticking, and the stakes have never been higher.
end
SYRIA/ISRAEL Sunday
explosion heard in Damascus
(JerusalemPost)
Initial reports: Explosions heard in Damascus, Syria
By JERUSALEM POST STAFFJANUARY 5, 2025 14:45
Explosions were heard in Damascus, Syria, Israeli media reported on Sunday, citing Syrian media outlets.
Some of the sources attributed the explosions to an Israeli attack.
END
RUSSIA/UKRAINE
BlackRock Down
ROBERT H
Two months ago, I wrote about how BlackRock was the black swan that would hit the shoals come March/April.
The Russian army has breached Shevchenko, in Ukraine and now are in possession of the largest lithium deposit in Ukraine. You see all mineral wealth lies in the Donbas and not in the Western Ukraine.
It was only 72 hours ago that Ukraine cut-off all natural gas flow from Russia into western Europe. With a kick to the groans of Slovakia, Hungary and Austria which will costs billions as higher energy costs take their toll. All while Brussels looks on powerless and rudderless as the vassal it is of Neocons. Now some 72 hours later, the Russian Army took Ukraine’s largest Lithium resource. Think batteries and the like.
This is just one of 4 such massive Lithium Deposits throughout Ukraine, which were purchased by foreign entities like Blackrock. In the not too distant future they will lose it all. Enlisting 16-25 year old boys to form a new army will not save neither the Ukraine or Fink/BlackRock. It may prolong the conflict but the result will be the same. The meat grinder of the Russian army will perform with better harmony to accommodate. Most Ukrainian troops tell they rarely see a Russian soldier before death arrives in a coordinated attack whether it is artillery or aviation or drones or a combination of all with precision. As Russians practice the art of war getting better all the time. It simply is why the life span of a Ukrainian soldier on the line of contact averages only 4 hours. Thus a new army of several hundred’s of thousand young boys will not last long as daily losses accelerate well beyond the 2000+ daily now. Less experienced troops die much faster in combat and desertion is higher.
Today, literally TRILLIONS of dollars in precious minerals have just been taken by Russia. More bad debt will come soon to pass for BlackRock. Who will bail out this disaster? Others like Cargill still have not written off impaired debt. These companies are walking zombies because when they go to seek much needed liquidity; they will find in a number of cases they are the market and there will be no exit availed. Losses will come with a vengeance as markets realize the underlying losses eroding value.
War by another means some will say. Others will simply call it bad judgement.
And yes, there are rumors today from Ukraine about missile attacks where missiles appeared and then disappeared only to appear to find their target. Might be that the Russians are testing a new series of missile. There still are several new missiles the West has not witnessed.
end
RUSSIA
25th anniversary of Putin’s Reign
Saturday was the 25th birthday for Putin being in power in Russia.
It is fascinating to observe how far Russia has come from a time it was run by a Drunk and being pillaged with abandonment by both Russian Oligarchs and Western thievery.
Comparing to where Russia is today. And compared to what is happening in the West it is just as remarkable. Just look at videos of the Moscow Metro and compare that to New York or Toronto subways. It is also intriguing that the largest migration to Russia today comes from Western countries as families flee the West.
Today, Russia fights the West in Ukraine in a conflict that will be lost by the West. Just like Ukraine will cease to exist as a nation in the near future. Made up nations rarely exist through time as history is written. Syria was the most recent to fail. Nations like England, India, China, Russia are different to made up borders of created nations by the face of conquest. While countries like Belarus are artificial having been created by conquest and war. And land borrowed from other nations.
Russian Ties with the West are done and will not be seen again for perhaps the next 25 years or more. The Cast is cast. And countries like France will not see Russia come to save them from the Moors. Those times have ended. Whether Germany can again rise like they did after WWI and WWII remains to be seen. The question will be whose hands help or offer the plunge of a knife in further betrayal. And that book is still being written.
As the next several decades of strive take hold, it will of interest for history to write whether the West faced with similiar challenges faced by Russia 25 years ago finds the culture, religious inspiration and strength to endure to recover it’s past glory or sink. This history is one we are living in. Just like the history of the Middle East is being written different Than what was expected a few short years ago.
Even America faces a time of unprecedented crisis as for better or worse Trump symbolically is called upon to save America. As that result occurs America will either restore its ability to innovate and lead or fall to be splintered into pieces. If that happens the mantle of Leadership will go to China as the next Hegemonic leader. Can the West actually understand the true meaning of such possibility?
We all live in history being written much faster than in the past to find that we are actually living through history in real time. And as this continues to manifest change will be more difficult than before as events occur closer together forcing the present to become the past faster. How each person faces this reality will determine how well one will navigate waters uncharted by history.
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
END
GLOBAL ISSUES//
MARK CRISPIN MILLER
Bibi has prostate removed; Gal Gadot has blood clot in the brain; Dave Coulier has Stage 3 non-Hodgkins lymphoma; John Reardon has tonsil cancer; Chinese actress Zhao Lusi in hospital wheelchair
Andi Dorfman (‘Bachelorette”) in hospital days after giving birth; Kelly Osbourne fighting fever for three days (“Nothing is working!”); UK boxing announcer Adam Smith has bladder cancer; & more
| Mark Crispin MillerJan 5 |
Note the ambiguities in Netayahu’s case of “benign prostate enlargement.”
UNITED STATES
‘Bachelorette’ star Andi Dorfman Hospitalized Days After Giving Birth
December 29, 2024
Andi Dorfman [37] was hospitalized over the weekend, just days after giving birth to her first baby after experiencing an unexpected medical emergency. The former “Bachelorette” star posted on her Instagram Story on Saturday saying a week after giving birth to her first child with Blaine Hart, she began experiencing “a ton of pain” which later led to doctors diagnosing her with a large and small hematoma — essentially blood that pools up someplace inside your body. The reality star says she underwent a quick and safe procedure to handle the issue.
Kelly Osbourne says she has been fighting a fever for 3 days: ‘Nothing is working!’
December 28, 2024
Kelly Osbourne is sick of being sick. The former reality star revealed on her Instagram Story Saturday that she is under the weather with a 100.2-degree fever. “Still going strong. I have put ice on my body, taken meds, tried to sweat it out in the bath and nothing is working!” she wrote atop a snapshot of her thermometer. Osbourne, 40, further elaborated in a separate video via her Instagram Story, “Day three of having a fever and a little cough.” The “Fashion Police” alum — who shares a 1-year-old son, Sidney, with boyfriend Sid Wilson — added, “Babies bounce back so quickly but I don’t seem to be at all. I don’t want to be sick anymore.” She shared she had taken her little boy to the doctor and learned there that they’re both sick with respiratory syncytial virus (RSV).
RHOSLC star Bronwyn Newport spent Christmas in the ICU after her mom’s emergency surgery
December 27, 2024
Real Housewives of Salt Lake City star Bronwyn Newport revealed she spent Christmas in the ICU as she supported her mother through a medical emergency. Sharing the news via Instagram on Thursday, the fashionista, 39, explained that her mother underwent emergency surgery just days before the holidays after doctors discovered a brain tumor at the back of her skull. The reality star expressed hope for her mother’s recovery, adding, ‘We are so hopeful after a long recovery, she’ll be her usual, feisty and amazing self.’ Bronwyn shared that her mother had been treated for a tumor in a nearly identical location almost 30 years ago and had been in good health until recently. Over the past month, her mother had grown ‘exhausted and frail’ while caring for Newport’s father, who has Alzheimer’s and broke his pelvis in a fall this November.
No age reported.
Here’s Everything We Know About Dave Coulier’s Cancer Diagnosis
November 13, 2024
Dave Coulier is keeping it real when it comes to his health, as he believes speaking up can inspire others. The sitcom star was diagnosed with Stage 3 non-Hodgkin’s lymphoma after he came down with a cold and noticed swelling in his neck, armpits, and groin. As the lumps in his neck region got worse, he immediately underwent a series of tests, including blood work, EKG, PET, and CT scans, which returned shocking results. Dave’s cancer is also known as B-cell lymphoma, and it develops in the lymphatic tissues, thereby affecting his immunity. Thankfully, a further bone marrow test strongly indicates that Dave’s condition has a 90% chance of getting cured as it had not yet spread. The 65-year-old is currently undergoing rounds of chemotherapy, with five sessions left until February 2025. He noted that he does not feel sick at all times and uses such opportunities to make new episodes for his Full House Rewind podcast. Dave and his loved ones hope he goes into total remission in a few months.
CANADA
Hallmark Actor John Reardon Is Recovering from Tonsil Cancer, Shares Photo from Hospital Bed
December 24, 2024
John Reardon is opening up about his battle with tonsil cancer. The 49-year-old actor just starred in the new Hallmark Channel movie Believe in Christmas opposite real-life wife Meghan Ory. John is best known for his work on Canadian television shows like Arctic Air, Continuum and Hudson & Rex. In a post on Instagram on Christmas Eve, John revealed that the night before marked his first time going out in public amid his recovery. “Last night was my first night out after my recovery from tonsil cancer. Has been a long road between these two pictures and the difference is from the love and support I received from my people in my life,” John wrote.
UNITED KINGDOM
Adam Smith, the voice of boxing, reveals his battle with cancer: ‘I was four days from death’
December 28, 2024
One of the most recognisable voices in the world of boxing, commentator Adam Smith, has confessed to having suffered from health problems recently, and the news was heartbreaking, as he revealed that he was diagnosed with an “aggressive” form of bladder cancer in 2023. Smith, the “Voice of Boxing”, underwent a CT scan and biopsy which revealed a large tumour in the wall of his bladder, the British newspaper dailymail.co.uk reported. Smith explained that the doctors he visited told him he was “about four days” from death, due to fears of potential kidney failure. In an emergency six-hour operation, he had 19 lymph nodes removed from his body, as well as his bladder and prostate. This was followed by three and a half months of chemotherapy, which led to a miraculous recovery.
No age reported.
CZECH REPUBLIC
Miklosko halts cancer treatment, makes emotional appearance at West Ham
December 29, 2024
London – Ludek Miklosko was given a rousing reception by West Ham United fans ahead of Sunday’s Premier League clash against Liverpool after the club’s former keeper announced he was no longer continuing with cancer treatment. The 63-year-old Czech, who made almost 400 appearances for West Ham, said he has decided to stop chemotherapy in order to enjoy life. He was diagnosed with cancer three years ago after discovering a lump on his hip. “When they told me about what the chemotherapy would mean, it was a case of not being able to work or be around my colleagues for around six months, not travel, have some sickness and everything else, and I said no – I do not want that.” He is currently Sporting Director at Banik Ostrava – his local club and where his career began.
ISRAEL
Netanyahu undergoes prostate removal operation, court testimony delayed
December 29, 2024
Prime Minister Benjamin Netanyahu [75] underwent prostate removal surgery on Sunday after he was diagnosed with a urinary tract infection resulting from a benign prostate enlargement. Following the surgery, which lasted approximately two hours, Netanayhu was moved to the hospital’s recovery room, Israeli media reported. The operation took place in an underground facility at the Hadassah Medical Center in Jerusalem and required Netanyahu to undergo full anesthesia. The prime minister is expected to remain hospitalized for several days, according to his attorney, Amit Hadad, who submitted a request Sunday to the Tel Aviv District Court to cancel his scheduled testimony this week in his ongoing corruption trial. The Attorney General’s Office approved the request on Sunday. Justice Minister Yariv Levin acted as caretaker prime minister while Netanyahu was incapacitated. Defense Minister Israel Katz served as chairman of the political-security cabinet.
Netanyahu is 1st Israeli to get COVID vaccine: ‘Start of return to normal life’
December 19, 2024
DR PAU ALEXANDER
Stunning reporting by Dr. Maryanne Demasi “FDA lab uncovers excess DNA contamination in COVID-19 vaccines Explosive revelations as a study conducted at FDA’s own lab found residual DNA levels exceeded
safety limits by 6 to 470 times.” “Chronic activation of the cGAS-STING pathway could paradoxically fuel cancer growth,” McKernan warned. “Repeated exposure to foreign DNA through COVID-19 boosters”..
| Dr. Paul AlexanderJan 3 |
EXCLUSIVE: FDA lab uncovers excess DNA contamination in COVID-19 vaccines
END
3 sitting POTUS of America: 1 legally non compos mentis (senile aka Biden), 1 duly elected (the Orange Prophet aka 47), 1 unelected (Elon Musk) all face deadly Malone Bourla Pfizer Moderna mRNA shot
what to do? what to do? The 3 POTUS face 3 choices 1)stop it cold, pull now complete from market 2)let it remain & bring more ‘new & improved 2nd generation’ 3)let it remain as they ‘study it’
| Dr. Paul AlexanderJan 4 |
What should they do of these 3 choices, these 3 POTUS, big decisions…where one of the POTUS is clearly in phases of dementia. One unelected POTUS who appears to have quasi-reign of power yet 100% is President of MARS. We have the only real elected POTUS aka orange Prophet or ‘47’ or daddy T, who actually was elected 3 times, 2016, 2020, and now 2024 but will serve only his second term.
Again, choice
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.
1)full complete withdrawal from market now, no waiting and at the worst, one hour after POTUS Trump is sworn in on January 20th 2025 and in consultation with his VP Bobby Kennedy Jr.
2)left alone and bringing of more mRNA ‘new and improved’ vaccine
3)left alone while it is studied.
IMO, the only option is to pull it complete from the market. Option 1.
Bhattacharya (NIH nominee), Makary (FDA nominee), Bobby Kennedy Jr. (HHS nominee) must call immediately for the removal of the Malone et al. mRNA vaccines from USA. Complete. I and others have given them the research. The data is out there.
END
Funerals are reportedly being performed en-masse as deaths mount from the mystery condition five years after the first cases of Covid were detected; What? China? Bullsh*t, fraud PCR created fake non-
pandemic coming to USA? Trust China like how you trust Dhamer telling you he wants to take your brother for a drink but will not kill him and eat him after; called what? human metapneumovirus (HMPV)
| Dr. Paul AlexanderJan 5 |
like the Chinese ‘falling down man’, remember that fraud:
‘The world is holding its breath as unconfirmed reports suggest a mystery disease is ravaging China leading to overwhelmed hospitals and crematoriums – but the nation is trying to downplay fears.’
END
EVOLS NEWS
| LATEST NEWS: |
SLAY NEWS
| ‘Smoking Gun Bombshell’ Study Confirms Covid ‘Vaccines’ Are Spiked with Cancer VirusAn explosive new peer-reviewed study has just sent shockwaves through the scientific community by confirming that Covid mRNA “vaccines” are laced with a deadly cancer virus.READ MORE |
| Korean Researchers Link Covid ‘Vaccines’ to Paralyzing Spine DamageA major study by a team of South Korean researchers has linked Covid “vaccines” to a surge in a paralyzing neurological condition that damages the spinal cord.READ MORE |
| Investigation Launched After Uncounted Ballots Found in Wisconsin’s Liberal CapitalAn investigation has been launched into the handling of the 2024 election in Wisconsin’s Democratic-controlled capital.READ MORE |
| Sen John Kennedy Warns New Orleans Terror Investigators: ‘Catch These People’ or ‘I Will Raise Fresh Hell’Senator John Kennedy (R-LA) has put the New Orleans terrorist attack investigators on notice, warning he will “raise fresh hell” if all those responsible are not brought to justice.READ MORE |
| Speaker Johnson Blames Biden and Democrats for New Year’s Terrorist Attack: ‘Dereliction of Duty’House Speaker Mike Johnson (R-LA) has blamed the Democrats for their “dereliction of duty” that led to the New Year’s Day terrorist attack in New Orleans.READ MORE |
| Allstate’s Sugar Bowl Commercial Triggers Outrage Following Terrorist AttackAllstate has triggered outrage over a tone-deaf commercial during this week’s annual American college football bowl game played in New Orleans, Louisiana.READ MORE |
| Federal Court Ends Obama-Biden ‘Net Neutrality’ AgendaA federal appeals court has struck down President Joe Biden’s attempted revival of Barack Obama’s so-called “net neutrality” Internet regulations.READ MORE |
| Bill Gates Advances Plan to Vaccinate Public Without ConsentMicrosoft co-founder Bill Gates has pumped millions of dollars into his plan to use a “mosquito army” of “flying vaccinators” to mass vaccinate entire populations without individuals’ consent.READ MOREAustralian Media Begins Warning Public About Covid ‘Vaccines’An Australian corporate media outlet has begun sounding the alarm about Covid mRNA “vaccines” and highlighting the risks associated with the injections.READ MOREProposed Rule Could Change Dynamics of House Speaker RemovalA new rule being proposed to lawmakers in Congress could change how challenges are mounted against the House speaker.READ MOREBiden Admin Calls on Supreme Court to Enforce Sweeping Law Targeting Small BusinessesPresident Joe Biden’s administration has called on the Supreme Court to reinstate a controversial law targetting small businesses.READ MOREBiden Downplays Link Between New Orleans Attack and Las Vegas Cybertruck Explosion: ‘Nothing to Report on That Score’Authorities are investigating the possible links between an exploding Tesla Cybertruck outside President Donald Trump’s hotel in Las Vegas and the attack on New Year’s partygoers in New Orleans.READ MORETrump’s Return Places Target on Deep State Plotter Andrew McCabePresident Donald Trump’s return to the White House has prompted discussion about accountability for the members of the FBI who conspired to undermine him during his first term.READ MOREBiden Sparks Backlash for Awarding Liz Cheney with Presidential Citizens MedalLame-duck President Joe Biden has sparked a backlash for awarding disgraced former Rep. Liz Cheney (R-WY) the Presidential Citizens Medal.READ MORE |
NEWS ADDICTS
| udge Orders Trump to Be Sentenced Before InaugurationJudge Juan Merchan has ordered President-elect Donald Trump to appear for sentencing in the New York hush money case on January 10, 2025—just 10 days before he is set to take the oath of office as the 47th President of the United States. The judge’s decision allows for a virtual appearance, ensuring Trump can continue preparing for his presidential duties …READ THE FULL REPORT |
| Cybertruck bomber was concerned about drones coming from China before he detonatedThe man who detonated a bomb in the back of a Tesla cybertruck, Matthew Livelsberger, was apparently very concerned about these mystery drones that have been seen all over the US and believed they were from China. Via Colin Rugg: FBI says they have “strong evidence” that the email shared on Shawn Ryan’s show *was* sent by Livelsberger before the …READ THE FULL REPORT |
| Matthew Livelsberger’s ‘Suicide Note’ Explaining Why He Blew Up Cybertruck Outside Trump HotelCybertruck bomber Matthew Livelsberger claims China is stalking the US with advanced drones launched from submarines in an unhinged suicide email.Two other notes recorded on his phone and recovered by police made clear his motive was not terrorism or violence, just to draw attention to his manifesto.The former Green Beret and still active soldier shot himself in the head seconds …READ THE FULL REPORT |
| Mike Johnson Re-Elected Speaker of the House in Dramatic FashionBy the narrowest of margins, House Speaker Mike Johnson was re-elected on Friday.The vote was 218-215.Going into the election, Johnson faced an uphill task to remain speaker.As noted by CNN, Republican Rep. Thomas Massie of Kentucky had said going into the vote that he would not support Johnson, and he did not.With Johnson able to lose only one GOP defector …READ THE FULL REPORT |
| Watch: Kamala Harris Botches Pledge of Allegiance While Presiding Over the SenatePresident Joe Biden and Vice President Kamala Harris have failed Americans in every way imaginable except one.Indeed, when it comes to turning solemn, patriotic moments into spectacles of unintentional comedy, the Biden-Harris team has always delivered.In a clip posted Friday to the social media platform X, Harris, in her official capacity as president of the Senate, asked senators to join …READ THE FULL REPORT |
| “This is repulsive!” – Brit Hume blasts Joe Biden for awarding Liz Cheney with presidential medalIt was announced this morning that Joe Biden is going to award the leaders of the phony J6 committee with the Presidential Citizens Medal. Those leaders are Democrats Bennie Thompson and Liz Cheney. President Biden announced he is awarding the Presidential Citizens Medal to Rep. Bennie Thompson and former Rep. Liz Cheney, the two lawmakers who led the House select …READ THE FULL REPORT |
| Trump Phone Hacker: 20-Year-Old U.S. Army Soldier ArrestedA U.S. Army soldier has been charged with selling confidential phone records.Cameron John Wagenius, 20, was charged by federal authorities in Texas with two counts of unlawful transfer of confidential phone records information on Dec. 20 and the indictment was unsealed this week.Wagenius was a soldier at Fort Cavazos in Texas. Court records didn’t specify his rank.He was allegedly linked …READ THE FULL REPORT |
| One Dead, 15 Injured After Plane Crashes Into Warehouse Near SoCal AirportOne person is dead and 15 are injured are a small plane crashed into a warehouse near an airport in Fullerton, California.According to reports, the unidentified pilot is likely dead.“Police identified the plane as a home-built Van’s Aircraft RV-10 with seating for four people. The pilot appeared to be returning to the airport after takeoff, police said. It was not …READ THE FULL REPORT |
| Trump to Host Major Rally in DC on Eve of InaugurationPresident-elect Donald Trump’s inaugural website has announced that a ”Make America Great Again Victory Rally” will take place on Jan. 19 at the Capital One Area. Tickets can be obtained through the site.The event on the Sunday before Trump’s Jan. 20 inauguration will begin at 3 p.m., the notice said.“Join President Trump at Capital One Arena for a victory rally …READ THE FULL REPORT |
| FBI Now Claims Din Jabbar Was Working Alone in New Orleans Terror AttackThe driver behind the deadly New Year’s terrorist attack in New Orleans posted videos online proclaiming his support for the Islamic State terrorist group before he rammed his truck into a crowd of people on Bourbon Street, killing at least 14, the FBI said Thursday.As Shamsud-Din Jabbar, 42, made his way to Louisiana from his home in Texas on New …READ THE FULL REPORT |
| LATEST REPORTS FOR NEWS JUNKIES |
| Trump Insider Sounds the AlarmJoshua Steinman is a former military officer and Trump White House NSC official.Steinman is currently an entrepreneur and co-founder of Galvanick Co.During President Trump’s first term Joshua served from 2017-2021 on the National Security Council in the Trump White House. He as Deputy Assistant to the President and Senior Director for Cyber.Joshua Steinman is pro-Trump.On Sunday, Steinman warned Trump supporters …READ THE FULL REPORT |
| REPORT: Some Democrats open to supporting RFK Jr for HHSThe Hill is reporting that RFK Jr. may be getting support from a few Democrats in his plight to become the Secretary of HHS. They are reporting that both Bernie Sanders and John Fetterman are considering whether to vote for RFK Jr. A pro-Kennedy source also suggests that Cory Booker is open to voting for him as well. Here’s the …READ THE FULL REPORT |
| New Orleans Prosecutor Kills Himself Just Days After Terror Attack Hits the CityA prosecutor in New Orleans has taken his own life just days after the city was hit by a massive terror attack carried out by a homegrown Islamist radical.As WVUE reported Sunday, Orleans Parish Assistant District Attorney Ian Kersting was discovered dead Saturday around 9 p.m. via suicide inside the offices of District Attorney Jason Williams’ staff according to authorities. …READ THE FULL REPORT |
| Chilling Surveillance Photos Show What New Orleans Terrorist Was Doing an Hour Before AttackThe FBI published chilling surveillance photos of what the New Orleans terrorist was doing just one hour prior to his attack on Wednesday.Shamsud-Din Jabbar, 42, drove a rented Ford pickup through a crowd of people in New Orleans, Louisiana, killing 14. He then exited the truck before firing upon police, who then shot and killed him.The FBI New Orleans branch …READ THE FULL REPORT |
| Biggest DC Snowstorm in Years Threatens to Derail 2024 Election CertificationA powerful winter storm is set to sweep through the nation’s capital, potentially delivering the heaviest snowfall seen since January 2022, or even as far back as 2019.This looming weather event threatens to disrupt Monday’s planned certification of the 2024 presidential election results.The National Weather Service has issued a Winter Storm Warning for Washington, D.C., effective from 10:00 PM Sunday …READ THE FULL REPORT |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
7.OIL AND NATURAL GAS ISSUES/GLOBAL
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA/HAMAS //LIONS DEN
To my fellow Canadians: be very careful and watch out for these killers
(JerusalemPost)
‘A direct threat’: Lion’s Den terror flag waved near pro-Hamas rally in Toronto
B’nai Brith Canada said that this was the first time a Lion’s Den flag had been spotted in Canada.
By DANIELLE GREYMAN-KENNARDJANUARY 4, 202\
Toronto Police are investigating an incident on New Year’s Eve in which a flag for the Palestinian terror group Lion’s Den was waved, the Toronto Sun reported on Thursday.
The flag bearer’s evening plans are still being investigated, though the Sun notes the flag was spotted only a short distance from a pro-Hamas demonstration in Queen’s Quay.
Videos from the protest reveal chants of “Long live the intifada” and “There is only one solution, intifada revolution!”
B’nai Brith Canada said that this was the first time a Lion’s Den flag had been spotted in Canada and that “this flag, emblazoned with symbols of violence, represents not only a glorification of terror but a direct threat to the safety and security of Canadian citizens.”
Noting that Canada has failed to follow the United States and Israel in sanctioning the Lion’s Den group, the Canadian human rights group implored the government to “ensure this flag of terror is never displayed on Canadian soil again.”
“Ignoring this threat only emboldens those who seek to divide us and import violence and hate into Canada,” the group wrote.
Who are the Lion’s Den?
The terror group, centered in Nablus’ Old City, emerged in 2022, according to the European Council on Foreign Relations.
Lions’ Den reportedly benefits from cooperation and coordination with other Palestinian terror groups – namely Palestinian Islamic Jihad‘s al-Quds Brigades, Fatah‘s al-Aqsa Martyrs Brigades and Hamas‘ Izz al-Din al-Qassam Brigades.
In October 2022, Lions’ Den claimed responsibility for several drive-by shootings in the Nablus area and an attack on the West Bank settlement of Har Bracha – targeting both Israeli civilians and military personnel.
The terror group has also been responsible for the killing of a number of Palestinians, according to the US State Department. In September 2022, Palestinian civilians were killed in the crossfire between the Lions’ Den and the Palestinian Authority Security Forces in Nablus.
The group also claimed to have executed a “traitor” in 2023, believing him to have been an Israeli spy. A security source in Nablus told AFP that the man was shot dead in the city’s Old City. Some reports have claimed the man was being blackmailed to provide information for Israel as the state had footage of him engaging in sexual relations with another man, although the reports couldn’t be verified.
END
CANADA
Trudeau Out: Canadian Prime Minister “Likely To Resign” This Week
Monday, Jan 06, 2025 – 01:09 AM
Back on New Year’s Eve, when looking at the global tsunami of resentment and loathing at establishment politics and corrupt politicians that crushed incumbent political parties and politicians around the globe, we eyed the one person that was long overdue to be swept in the tidal wave. We are talking of course about Canada’s prime minister Justin Turdeau (sic)…
… and we are delighted to announce that his time has now also come: citing a source, Reuters reports that Canadian Prime Minister and the world’s most iconic virtue signaling blackface, Justin Trudeau, is “increasingly likely to announce he intends to step down, though he has not made a final decision.”
The source spoke to Reuters after the Globe and Mail reported that Trudeau was expected to announce as early as Monday that he would quit as leader of Canada’s ruling Liberal Party after nine years in office.
Following the news, odds that Trudeau would be out before April surged to 97%
Trudeau’s departure would leave the party without a permanent head at a time when polls show the Liberals will be crushed by the official opposition Conservatives in an election that must be held by late October.
Sources told the Globe and Mail that they did not know definitely when Trudeau would announce his plans to leave but said they expect it would happen before a emergency meeting of Liberal legislators on Wednesday, and could come as soon as today. An increasing number of Liberal parliamentarians, alarmed by a series of gloomy polls, have publicly urged Trudeau to quit.
It remains unclear whether Trudeau will leave immediately or stay on as prime minister until a new Liberal leader is selected, the Globe and Mail report added, although it is unclear how he hopes to continue after confirming defeat.
Trudeau, who was recently mocked by Trump who proposed that he become governor of the “51st state of Canada”, took over as Liberal leader in 2013 when the party was in deep trouble and had been reduced to third place in the House of Commons for the first time. If he does resign, it would prompt fresh calls for a quick election to put in place a stable government able to deal with the administration of President-elect Donald Trump for the next four years.
The prime minister has discussed with Finance Minister Dominic LeBlanc whether he would be willing to step in as interim leader and prime minister, one source told the newspaper, adding that this would be unworkable if LeBlanc plans to run for the leadership.
Trudeau, 53, had been able to fend off Liberal legislators worried about the polls and the loss of safe seats in two special elections.But calls for him to step aside have grown since December, when Trudeau tried to demote Finance Minister Chrystia Freeland, one of his closest cabinet allies, after she pushed back against his proposals for more spending.
Freeland quit instead and penned a letter accusing Trudeau of “political gimmicks” rather than focusing on what was best for the country.
“The country could face instability, notably from an economic threat in the potential of a 25% US tariff on Canadian imports from the incoming administration,” said a recent letter sent to the prime minister by Kody Blois, who leads a group of Liberal members from the four easternmost provinces. “Simply put, time is of the essence,” Blois said, adding that it’s “not tenable for you to remain as the leader.”
Trudeau propelled the Liberals to power in 2015 promising “sunny ways” and a progressive agenda that promoted the rights of women and a promise to fight climate change. But the everyday realities of governing gradually wore him down and like many Western leaders, the need to deal with the effects of the pandemic ate up much of his time.
Although Ottawa spent heavily to protect consumers and businesses, racking up record budget deficits, this provided little protection from public anger as prices soared.
A botched immigration policy led to hundreds of thousands of arrivals, straining an already overheated housing market.
The Canadian currency strengthened as much as 0.4% to C$1.4388 per dollar after the Globe report before paring those gains. The currency has been trading near its weakest level since March 2020 and has lost more than 7% against the greenback in the past year.
“Traders may be buying the loonie on the view that the worst is over for Canadian politics after all the recent uncertainty,” said Ken Cheung, a strategist at Mizuho Bank.
Finally, in a revealing sit-down interview with Daily Wire’s Dr. Jordan Peterson, Pierre Poilievre, leader of the Conservative Party of Canada and the man most likely to succeed Prime Minister Justin Trudeau, shed light on the Great White North’s escalating economic woes, with a particular focus on its spiraling housing costs. Poilievre also outlined a bold set of policies he plans to implement to reverse these catastrophic trends.
PIERRE POILIEVRE: Our productivity is another major problem right now. Productivity sounds complicated, but it’s actually extremely simple. You just take the GDP and divide it by the hours worked in the country. So, American GDP is $80, meaning that for every hour an American worker works on average, he or she produces $80 of GDP. In Canada, it’s 50. That means we have to work 60% more just to make the same amount and have the same level of income to buy food and housing. Now, that sounds like a bunch of wonk speak, and it might seem like it only matters to someone staring at a spreadsheet or a graph or a chart, but in fact, it’s reflected in the reality that two million people are lined up at food banks because they can’t afford food. 80% of youth can’t afford homes, and our quality of life—the things we can afford to provide our kids—has fallen back.
JORDAN PETERSON: That’s a pretty stark and easily comprehensible statistic. If you work and you produce $80 worth of goods and services in an hour compared to working and producing 50, obviously that’s a substantial shortfall. Yeah, so is there a starker indicator of the economic disparity between the US and Canada than that? Or do you think that’s the primary statistic?
PIERRE POILIEVRE: I think housing costs are another one. I mean, there was a study out just 10 days ago that has Toronto and Vancouver now by far the most unaffordable housing markets in North America. And so, you know, housing costs are 50% higher in Toronto than they are in Chicago, even though Chicago workers make 50% more money. The same is true between Vancouver and Seattle. Seattle workers make way more than Vancouver workers, but housing is 60 or 70% more expensive in Vancouver.
JORDAN PETERSON: We’re and we’re paying more, paying more by a lot, right? And most of that’s transpired in the last 10 years.
PIERRE POILIEVRE: Yes, and we’re paying the difference by accumulating enormous quantities of debt. Our households are by far the most indebted in the G7. Even when you divide total household debt by GDP, we now have a bigger stock of household debt than our entire economy. We are more indebted as households than the Americans were right before the ’08 financial crisis. So what we have as a model in Canada is we have artificial scarcity imposed by a very heavy and restrictive state that suppresses production, but in order to allow for consumption, we print money and borrow money, and then flood the economy with that money.
JORDAN PETERSON: That’s another problem. So that’s the inflationary problem. Now, the problem with inflation—there are many problems with inflation—but one of them is that it particularly punishes people who are thrifty and who save. Yes, right. So, inflation punishes the people who forgo gratification to invest in the future. That’s a very bad idea.
PIERRE POILIEVRE: Inflation is the single most immoral tax for so many reasons. One, it takes from savers and people who are trying to be responsible, thus making it impossible to be responsible. Because if you refuse to play the inflation game of borrowing money to buy things you can’t afford, someone else inevitably will, and you won’t be able to afford anything. So, you ultimately have to act irresponsibly. It’s like Milton Friedman was asked, ‘What would you do with your money in times of inflation?’ He said, ‘Spend it.’ Like, the first thing you want to do when inflation is out of control is to make sure you get rid of this thing that’s losing its value.
The second reason it’s immoral is it takes from the poor, because the poorest people cannot put—they do not have the ability to buy inflation-proof assets like gold and real estate and fancy watches and art collections and fine wines and things that go up with or even exceed inflation. So, it’s a very big wealth transfer from the poor and the working class to the very, very wealthy. A very small group of people actually get richer.
JORDAN PETERSON: So the socialist policies that provide goods and services to Canadians, let’s say, or citizens of other countries, by printing money actually punish the poor brutally, oh absolutely, in consequence of the inflation that they generate.
PIERRE POILIEVRE: Yes, I mean all the socialist policies in practice take redistribute from the working class to the super wealthy in practice and I can prove that again and again, again in practice. Yeah, in practice, in practice, all the redistribution that happens in these so-called socialist countries ultimately goes from the working class to the super wealthy. That is the real… okay, but just one last thing on inflation, the final reason why it’s so immoral is nobody votes on it. The basic principle of our parliamentary system is the government can’t tax what Parliament has not voted. The people must—no taxation without representation, right? But no one ever votes to have the money printing happen, and so the inflation is adopted secretly. And you blame the grocer because groceries are more expensive, or your local gas station because gas is more, or your realtor because houses are more. In fact, it was actually the government that bid up all of those things with money printing, and you didn’t even know about it. So it is silent. It’s a silent thief that takes from the poor, gives to the richest people, and destroys the working class. And that’s why I am—I want to crush inflation. We need a policy that seeks to stop inflation at all costs.
JORDAN PETERSON: What would you do to stop inflation?
PIERRE POILIEVRE: We stop the money printing, you know, we need a… and the money printing is just a means to fund deficit spending. Governments borrow to finance the deficit. So basically, the deficit is the difference between what the government spends and what it brings in. It’s usually calculated on a yearly basis. The debt is just the accumulation of the deficits. So the deficit right now is 62 billion, and I thought it had a ceiling of 41 billion. There are very real present-day consequences for that. Deficits increase the money supply. Central banks effectively facilitate that increase in the money supply, and that causes inflation.
I have a buddy whose family moved here from Italy back in 1973. His father worked paving roads, and his mother made sandwiches in a senior’s home. They were able to pay off their home 10 minutes from Parliament Hill in seven years. Their grandchildren wouldn’t be able to save up a down payment for that home in 15 years, and they will be university-educated with all the advantages of having been here two decades. That is the consequence of the money supply growing vastly quicker than the stuff that money buys. So what we have to do is stop growing the money supply and start growing the stuff money buys. Produce more energy, grow more food, build more homes. We have to unleash the free enterprise system to produce more stuff of value.
And this is where we have to remove the artificial scarcity that the government is imposing on the population. Let’s incentivize our municipalities to grant the fastest building permits in the world to build homes. I’m going to say to the municipal governments: they either speed up permits, cut development charges, and free up land, or they will lose their federal infrastructure money. So they will have a powerful carrot-and-stick incentive to speed up home building.
JORDAN PETERSON: What’s the percentage of a new house price that’s a consequence of government taxation and regulation?
PIERRE POILIEVRE: In Vancouver, it’s 60%. Does that include the land and the house? Yes, that includes everything. Here’s how they calculated it: they took the cost of building a home and compared it to the cost of buying a home. The gap between those two was found to be $1.2 million. This extra cost above and beyond materials, labor, land, and developer profit is attributed to development charges, sales taxes, land transfer taxes, delays in getting permits, and the various consultants, lawyers, accountants, and lobbyists that developers must hire to get approval.
In Vancouver, we’re spending twice as much on bureaucrats as we do on all the other costs combined to build a home. More money goes to bureaucrats than to the carpenters, electricians, and plumbers who actually build the homes. To add insult to injury, those tradespeople can’t even afford to live in the homes they build.
What we need to do is slash the bureaucracy. I’m going to tell the mayors that they won’t get federal infrastructure money unless they reduce development charges, speed up permits, and make housing more affordable. I also plan to remove the federal GST on new homes under a certain limit and encourage provinces to do the same.
We have so much land in Canada that we should have the most affordable housing in the world. It should be dirt cheap, given the amount of land we have; we just need to get the government out of the way. The same goes for our resource sector. Why are we still importing oil when we have the world’s third-largest supply? Why can’t we export our natural gas overseas?
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0405 UP 100 BASIS PTS
USA/ YEN 156.82 DOWN 0.295 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 1.2538 UP .0122 OR 122 PTS
USA/CAN DOLLAR: 1.4317 DOWN 0.0115 (CDN DOLLAR UP 115 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 4.51 PTS OR 0.14%
Hang Seng CLOSED DOWN 71.98 PTS OR 0.36%
AUSTRALIA CLOSED UP 0.65%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 71.98 PTS OR 0.36%
/SHANGHAI CLOSED DOWN 4.51 PTS OR 0.14%
AUSTRALIA BOURSE CLOSED UP 0.65%
(Nikkei (Japan) CLOSED DOWN 587.49 OR 1.47%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2646.00
silver:$30.25
USA dollar index early MONDAY morning: 107.87UP 93 BASIS POINTS FROM FRIDAY’s CLOSE.
MONDAY MORNING NUMBERS ENDS
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And now your closing MONDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.913% UP 3 in basis point(s) yield
JAPANESE BOND YIELD: +1.115% UP 3 AND 5/ 10 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.120 UP 5 in basis points yield
ITALIAN 10 YR BOND YIELD 3.591 UP 2 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4590 UP 6 BASIS PTS
IMPORTANT CURRENCY CLOSES : MON
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0391 UP .0085 OR 85 basis points
USA/Japan: 157.40 UP 0.303 OR YEN IS DOWN 30 BASIS PTS//
Great Britain 10 YR RATE 4.6685 UP 5 BASIS POINTS //
Canadian dollar UP .0037 OR 37 BASIS pts to 1.4331
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The USA/Yuan, CNY ON SHORE CLOSED UP 7.3338 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.3328)
TURKISH LIRA: 35.38 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.115
Your closing 10 yr US bond yield UP 6 in basis points from FRIDAY at 4.629% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.836 UP 7 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.279 UP 4 BASIS PTS.
GOLD AT 11;00 AM 2631.10
SILVER AT 11;00: 30.01
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: MONDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 25.68 pts or 0.31%
German Dax : UP 310.11 pts or 1.56%
Paris CAC CLOSED UP 163.47 pts or 2.24%
Spain IBEX CLOSED UP 156.40 PTS OR 1.34%
Italian MIB: CLOSED UP 653.19 PTS OR 1.91%
WTI Oil price 74,84 11 EST/
Brent Oil: 77,32 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 107.50 ROUBLE UP 2 AND 30/100
GERMAN 10 YR BOND YIELD; +2.4590 UP 6 BASIS PTS.
UK 10 YR YIELD: 4.6685 UP 5 BASIS POINTS
CDN 10 YEAR RATE: 3.279 UP 5 BASIS PTS.
CDN 5 YEAR RATE: 2.9997 UP 4 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0387 UP 0.0082 OR 82 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2518 UP 0.0100 OR 100 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.6090 UP 1 BASIS PTS//
JAPAN 10 YR YIELD: 1.129
USA dollar vs Japanese Yen: 157.18 UP 0.502 OR 50 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4337 DOWN 0094 BASIS PTS CDN DOLLAR DOWN 94 BASIS PTS
West Texas intermediate oil: 73.50
Brent OIL: 76.16
USA 10 yr bond yield UP 3 BASIS pts to 4.626
USA 30 yr bond yield UP 3 BASIS PTS to 4.848%
USA 2 YR BOND: UP 0 PTS AT 4.279
CDN 10 YR RATE 3.272 UP 1 BASIS PTS
CDN 5 YEAR RATE: 2.994 UP 1 BASIS PTS
USA dollar index: 108.10 DOWN 70 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.31 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 107.50 UP 2 AND 50/100 roubles
GOLD 2,633.70 3:30 PM
SILVER: 29.92 3:30 PM
DOW JONES INDUSTRIAL AVERAGE: DOWN 25.57 PTS OR 0.06%
NASDAQ UP 233.70 PTS OR 1.10%
VOLATILITY INDEX: 16.35 DOWN 1.58 PTS OR 8.81%
GLD: $243.19 DOWN 0.30 OR 0.12%
SLV/ $27.24 UP .26 OR 0.96%
TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 83.72 PTS OR 0.33%
end
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I extremely doubt that this will happen
(zerohedge)
Dollar Tumbles After WaPo Says Trump Aides Mull Dialing Back On “Universal Tariff” Plan
Monday, Jan 06, 2025 – 07:00 AM
The US dollar slid on Monday after reports emerged that President-elect Donald Trump’s aides are considering a revised, less strict tariff plan. While Trump’s 2024 campaign promised a universal tariff on most imports, the new proposal would focus instead on imposing tariffs specifically on critical imports, according to the Washington Post, citing three people familiar with the plan.
Trump repeatedly claimed during the campaign that he would implement a “universal” 10% to 20% import tariff on all foreign-made goods into the United States. He also spoke about a 60% import tariff on Chinese goods and a 100% tariff on all imported cars.
According to WaPo:
Two weeks before Trump takes office, his aides are still discussing plans to impose import duties on goods from every country, the people said.
But rather than apply tariffs to all imports, the current discussions center on imposing them only on certain sectors deemed critical to national or economic security — a shift that would jettison a key aspect of Trump’s campaign pledge, at least for now, said the people, who cautioned that no decisions have been finalized and that planning remains in flux.
While the Biden administration has not rescinded most of the existing tariffs enacted under Trump 1.0, a universal blanket of tariffs on all imports would have been part of the ‘America First’ trade policies. However, it seems unlikely that Trump would abandon such a key policy initiative right out of the gate.
The sources familiar with the potential tariff change were unclear about which imports would be affected.
More from WaPo…
Preliminary discussions have largely focused on several key sectors that the Trump team wants to bring back to the United States, the people said. Those include the defense industrial supply chain (through tariffs on steel, iron, aluminum and copper); critical medical supplies (syringes, needles, vials and pharmaceutical materials); and energy production (batteries, rare earth minerals and even solar panels), two of the people said.
WaPo’s report sent the Bloomberg Dollar Index tumbling early Monday, breaking below $108. This marked a sharp reversal following the multi-month 9% rally that started at the beginning of October.
Here’s Bloomberg’s Markets Live desk’s take:
The dollar’s reaction to the Washington Post’s report that the incoming US administration might consider targeting import taxes at certain industries, rather than across the board, shows how much of the currency’s strength is based on anticipation of broad, and early, tariffs. It also suggests that the dollar’s recent strength is more dependent on fiscal rather than monetary policy. Bloomberg’s gauge of the dollar is falling the most since November.
Lots of currencies are benefiting from the dollar slump, which makes sense given the Washington Post report was vague as to which industries might be exempt. The euro, pound and Mexican peso are all at their strongest levels of the year.
That so much of the dollar’s strength should be reliant on tariff policy has implications for inflation and rates as well. All things being equal, adding taxes to imports pushes up consumer prices. But how much of that increase feeds through into living costs depends on lots of factors, notably how much pain companies are prepared to absorb (lots, if you cut their taxes elsewhere, presumably) and how much the currency rises. Today’s moves will shed light on how much of the tariff pain would be softened by a stronger dollar.
There is no confirmation from the incoming Trump administration regarding the validity of WaPo’s report.
For all we know, this could be a case of a dollar trader leveraging the media outlet.
END
as I predicted above, Trump refutes the above
Dollar Reverses Losses After Trump Blasts WaPo’s “Fake News” Tariff Report
Monday, Jan 06, 2025 – 09:30 AM
Update (0930ET):
On Truth Social, President-elect Donald Trump blasted the Washington Post for “quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back.”
“That is wrong. The Washington Post knows it’s wrong. It’s just another example of Fake News,” the former president said.
Right away, we called out this malarkey.
WaPo’s fake news reporting sent the Bloomberg Spot Dollar Index tumbling by over 1%, one of the biggest intra-day drops since 2023.
There is nothing like fake news from legacy corporate media to start the week.
end
USA economy in shambles
(zerohedge)
US Factory Orders Tumbled In November
Monday, Jan 06, 2025 – 10:07 AM
US Factory Orders tumbled 0.4% MoM in November (from an upwardly revised +0.5% MoM change in October), dragging orders down 1.9% YoY (the worst since June)…
Source: Bloomberg
Additionally, the final durable goods orders print tumbled 1.2% MoM (drastically worse than the 0.4% decline expected) with core Durables (ex-Transports) falling 0.2% MoM in November. The headline MoM drop dragged the YoY change in Durable Goods Orders down 6.4% YoY – the second worst since COVID lockdowns…
Source: Bloomberg
Finally, what the f**k is going on here? ‘Hard’ manufacturing orders data is completely decoupled from ‘soft’ manufacturing survey data…
Source: Bloomberg
Will wee see the ‘hard’ data “ADJUSTED” back from Biden’s un-reality now that Trump is in office?
END
You are allowed 2 reconciliation bills to come before the House. Trump is asking for an immediate one powerful bill which will only need 50% of the vote.
(EpochTimes)
Trump Urges GOP To Pass “One Powerful Bill” To Advance His Agenda
Monday, Jan 06, 2025 – 01:40 PM
Authored by Aldgra Fredly via The Epoch Times,
President-elect Donald Trump has called on Republican lawmakers to pass “one powerful bill” to advance his policies on border security and tax cuts as he prepares to return for a second term.
In a social media post on Sunday, Trump said members of Congress will work on a single bill that is packed with policy items aimed at making America “greater than ever before.”
“We must Secure our Border, Unleash American Energy, and Renew the Trump Tax Cuts, which were the largest in History, but we will make it even better – NO TAX ON TIPS,” the president-elect stated.
Trump suggested that he plans to offset the taxes by imposing tariffs on imports from countries that “have taken advantage of the U.S. for years.”
“Republicans must unite, and quickly deliver these Historic Victories for the American People. Get smart, tough, and send the Bill to my desk to sign as soon as possible,” he stated.
His remarks came after House Speaker Mike Johnson (R-La.) unveiled a plan to pass Trump’s legislative policies through a reconciliation bill, which would enable the policies to be passed with a simple majority, bypassing the Senate’s 60-vote threshold.
Johnson told Fox News that the vote on the reconciliation bill could happen as early as April 3, and then move to the Senate. He said the bill could be delivered to Trump’s desk for signature by the end of April.
“We’re 15 days out from the inauguration of President Donald J. Trump for his second term. And we want to make sure that we’re jump-starting the agenda now over the next two weeks, so that he’s prepared and ready on day one,” Johnson told the news outlet.
“At the end of the day, President Trump is going to prefer, as he likes to say, one big, beautiful bill. And there’s a lot of merit to that, because we can put it all together, one big up-or-down vote, which can save the country, quite literally, because there are so many elements to it. And it’ll give us a little bit more time to negotiate that and get it right.”
Johnson said that the reconciliation bill would address Trump’s priorities, such as the economy, border security, tax cuts, energy, and incentivizing U.S. companies to manufacture domestically.
GOP Senate Majority Leader John Thune said on the Senate floor in December that a reconciliation package “with a once-in-a-generation investment in border security and immigration enforcement” would be passed within the first 100 days of the Trump administration.
Thune said the GOP also planned to use the Congressional Review Act to “undo some of the Biden administration regulations that are weighing down our economy” and pass another reconciliation package to expand the tax relief provided to Americans during Trump’s first administration.
END
Trump Border Czar: Mass Deportations Of Illegals Starts Day One
Monday, Jan 06, 2025 – 03:40 PM
Authored by Steve Watson via Modernity.news,
President Trump’s incoming border czar Tom Homan unequivocally outlined that mass arrests and deportations of illegal immigrants inside the US will begin on day one of Trump’s second term and will not be delayed under any circumstances.
In an interview with CBS News, Homan asserted “We know where a lot of the criminals are. ICE is great at this work, we know where some are, but they simply haven’t been able to go arrest them because Secretary Mayorkas’s priorities have handcuffed ICE.”
“We know where a lot of the criminals are, they have been prevented from arresting. We are gonna arrest starting day one,” Homan reiterated.
Homan further noted that sanctuary cities refuse to work with ICE, stating ”We would love to work in local jails, but sanctuary cities won’t allow us into those jails. It’s much easier to arrest a public safety threat in the safety and security in the public jail than out in the street.”
Anchor Margaret Brennan then asked Homan what will happen if the illegals are not accepted back by their home countries.
“Where do you send people because some of these countries, like Venezuela, don’t accept deportations right now?” Brennan asked.
“First of all, we got President Trump coming into the Oval Office, and he has proven during his first administration his leadership,” Homan responded adding “It took President Trump 48 hours to get El Salvador to take back their criminal aliens into their prisons.”
“Mexico didn’t want to do the ‘Remain in Mexico’ program, but President Trump was able to get ‘Remain in Mexico’ established in Mexico. He was able to get Mexico [to] put military in the southern and northern border,” Homan added.
He continued, “This administration has not forced these countries to take them back and we have what we call a third safe country. We already have countries talking about taking back people from other countries. For instance Venezuela doesn’t take their people back. There’s other ways we can do it. There’s other countries [who’d] be willing to accept them.”
“We’re hoping that President Trump will work with Venezuela like he did with Mexico and El Salvador and get these countries to take them back. If they don’t, they’re still gonna be deported, they’re just gonna be deported to a different country,” Homan further asserted.
“We’re not gonna be held up on removing public safety threats in this country. We have to put the safety of the American people first,” Homan emphasised, adding “We’ve had too many young women murdered and raped and burned alive by members of Venezuelan gangs. They need to be a priority under this administration. It’s [going to] be a priority starting day one and they will be deported.”
As we have previously highlighted, insiders say Trump already has deals in place to send illegals to Turks and Caicos, the Bahamas, Grenada, Panama or possibly elsewhere should their home countries refuse to take them back.
At one point during the interview, Brennan suggested Trump isn’t as strong on deportations as Homan indicates by suggesting that Biden had more deportations than during Trump’s first term.
Homan noted that 80 percent of the Biden administration’s ‘deportation’ numbers are from Border Patrol arrests that were moved back across the southern border.
“They weren’t interior enforcement arrests,” he said, adding the Biden administration is “playing a numbers game.”
“You can compare the number of deportations under Trump versus Biden. When you consider a 45-year low in crossings, the number of deportations [is] going to be lower because we don’t have that population to process and deport,” Homan also pointed out.
The full interview is below:
* * *
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
end
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
END
FREIGHT ISSUES/USA/
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
VDH
Devin Nunes Reemerges
Friday, Jan 03, 2025 – 05:00 PM
Authored by Victor Davis Hanson via American Greatness,
2024 proved to be the year of the reemergence of many once and unfairly pilloried public figures.
Elon Musk weathered nonstop attacks on his X social media platform. Furor escalated over his newfound 2024 Trump advocacy—even as he ended 2024 with his iconic Tesla brand still the best-selling car in six states and the most popular electric vehicle in the entire nation.
Tesla’s rising stock prices ensured by year’s end that Musk was by far the richest man in the world with a net worth of well over $400 billion. His recyclable SpaceX Super Heavy starship rocket booster mesmerized the nation as it returned to the launch pad to be caught by a huge mechanical arm.
After January 6, 2021, the media swore that Donald Trump was supposedly washed up. He left office with a 34 percent approval rating. Over nearly the next four years, Trump would face 91 felony indictments and be liable for over $400 million in assorted fines.
Now he is a reelected president. Former oppositional world leaders traipse to Mar-a-Lago to seek his approval even before his tenure begins. His erstwhile critics at home are scurrying about in disarray.
The Trump-hating media who swore Joe Biden was “sharp as a tack” and “fit as a fiddle” are mostly discredited and are, for now, still bleeding audiences. And Trump’s chief political adversaries, Nancy Pelosi, Liz Cheney, Joe Biden, Kamala Harris, and the Obamas are increasingly either unpopular or irrelevant—or both.
Yet one unremarked-upon return is that of former Rep. Devin Nunes (R-CA), who, after 20 years of representing Central California in Congress, retired on January 1, 2022, from the House to become CEO of the newly formed Trump Media & Technology Group, tasked to oversee its social media platform, TruthSocial.
Nunes has regained public attention over the last two weeks after Trump appointed him to become chairman of the President’s Intelligence Advisory Board, which oversees the conduct and performance of America’s intelligence agencies.
And once more he too is the target of tired residual left-wing venom, as a “pugnacious Trump loyalist” in the words of the New York Times.
Like almost all former chairs of this nonpaying advisory board, Nunes keeps his full-time job. His old critics claim he has conflicts of interest, given he serves Trump in both a private and public capacity.
Of course, these complaints come from those who saw no conflict of interest when Vice President Joe Biden flew to China with his son on Air Force Two to shake down foreign communist oligarchs and apparatchiks by using his office to enrich, tax-free, the Biden family syndicate. And no one alleges that Nunes ever became rich, in the fashion of the two Pelosis, who leveraged privileged congressional insider knowledge to make “wise” investments.
But more importantly, why would Trump not pick Nunes to enact the board’s mission statement to oversee “the Intelligence Community’s compliance with the Constitution and all applicable laws, executive orders, and presidential directives?”
After all, he shattered the Democratic hoax of Russian-Trump collusion between 2015 and 2018, even as his lead investigator, Kash Patel, the next FBI Director, was himself an object of FBI surveillance.
As Nunes once pointed out, why did Obama’s non-intelligence officials, like UN Ambassador Samantha Power, seek to unmask dozens of names of U.S. officials, most of whom were political opponents?
So, who could Trump better trust to oversee the intelligence and investigatory bureaus than someone who knows all too well the descent of these agencies into Trump-Derangement-Syndrome-inspired chronic dissimulation and illegal surveillance?
After all, the former CIA Director John Brennan, the former Director of National Intelligence James Clapper, and the former interim FBI Director Andrew McCabe all, by their own admissions, lied under oath either to Congress or federal investigators. Former FBI director James Comey pled amnesia or ignorance 245 times before the House Judiciary and Oversight Committee.
Trump himself, remember, was the object of a vile and fabricated hit “dossier” of Christopher Steele. Nunes proved Steele was a Democratic Party-paid opposition research functionary and an erstwhile FBI informant. Should not Trump have good grounds to want a known bulldog as an overseer of the suspect intelligence agencies?
Do we remember the “51 former intelligence officials?”
Some were hardly “former” at all, given they still had enjoyed contracts with government intelligence agencies. On the eve of 2020, they blatantly “misled” the nation that Hunter Biden’s laptop, authenticated at the time by the FBI, had all the “hallmarks” of a Russian disinformation operation.
Such unapologetic election interference by our best and brightest—including former CIA Directors Leon Panetta and John Brennan—may well have played a role in the outcome of the 2020 election.
But what perhaps infuriates the left most is Nunes’ resiliency and ability to sluff off its chronic hysterias. Again, as chairman of the House Intelligence Committee, he revealed to the nation that Christopher Steele’s accusations were little more than gossipy fabrications from a discredited ex-British spy—at a time when the media and the Democrats in Congress had cited his “research” chapter and verse in near-biblical fashion.
Moreover, Nunes showed that Steele himself was hired by Democratic interests through the use of various paywalls—the DNC, the Perkins Coie law firm, and Fusion GPS—to help ruin the 2016 Trump campaign, on the false and ridiculous charge of colluding with the Russians to throw the election. His team further found that the dossier of Steele, again a one-time paid informant of the FBI, was used in part to obtain an FBI lawyer-forged FISA warrant to spy on American citizen Carter Page.
At the time, candidate and then President Trump was under unprecedented attack. At his inauguration, riots broke out. Madonna publicly declared to a crowd that she thought about blowing up the Trump White House.
Trump was branded a Russian “puppet” who should be removed just days after his swearing-in. Indeed, according to a Foreign Policy article by one Obama administration leftover official, the left was supposed to depose him quickly, either by impeachment, the 25th Amendment, or a military coup.
So those were certainly surreal times, at least until Nunes’s committee issued a controversial memo that laid out most of the skullduggery but only earned him unprecedented media venom.
Only years later, with the issuance of Inspector General Michael Horowitz’s investigative report, the conclusions of the House oversight committee investigations, and the reportage of a few bold journalists, did the public fully confirm there was never anything to the “Russian collusion” charge, other than a Clinton, and then administrative state, effort to destroy Trump by any means other than an election.
In those crazy times of 2017-2020, the media buzzed with predictions that special counsel Robert Mueller’s “dream team” and “all-star” lawyers would consume Trump and his supporters.
Nunes himself was written off as a California dairy farmer way over his head, with legacy media headlines blaring, “Trump-Russia Investigation: A Former Dairy Farmer, Rep. Devin Nunes Leads Historic Probe!”
The media sought to contrast Nunes with supposedly brilliant, Harvard-law-trained Adam Schiff, the then-minority party’s highest-ranking member on the Nunes committee. Schiff would supposedly devour the chairman—in what the media would boast would become a war between a supposed yokel from the Central Valley pitted against an Ivy League pro. Years later today, Schiff’s prior insistence on a real Trump-Russian collusion effort in 2016 and his persistence that the Steele dossier was factual remain even more laughable. A farmer might editorialize that its takes far more savvy and resilience to run a dairy farm than it does to graduate from Harvard.
When Trump appointed Nunes the head of TruthSocial, the same sort of hick/rustic stories reemerged about Nunes. He was now again supposedly “over his head,” as the blinkered rustic trying to make it in the cutthroat world of sophisticated social media.
We were told TruthSocial would meet the same fate as Parler. That ascendant 2020 start-up conservative alternative was sabotaged by the left-wing Twitter monopoly that had conspired to ban Trump and partner with the FBI to suppress news unfavorable to Biden’s 2020 campaign.
It was left to the trifecta of Apple, Google, and Amazon to destroy Parler by denying its critical application platforms to the general public.
Over the last three years, the media gleefully reported, erroneously, that TruthSocial was nearly bankrupt, hemorrhaging users, piling up operating debt, without operating capital, and losing a critical merger bid. They high-fived the TruthSocial 30-month war with the SEC—one of the most drawn out and politicized in its history—which, in likely partisan fashion, had sought to delay or block TruthSocial’s partnership with Digital World Acquisition Corporation (DWAC).
As in the case of the Russian collusion hoax, the media was both predictably hostile and wrong, as it serially predicted that Nunes and Truth Social would fail from its very beginning. For nearly three years, it sounded the same “walls are closing” doom and gloom hysterics where it had left off with ‘Russian collusion.”
We were assured that Elon Musk’s purchase of Twitter meant that the huge social media platform would veer right and preclude any need for TruthSocial. For over three years, headlines in scare caps assured, as did a Bloomberg autumn 2022 screed, that “The Walls Are Closing in on Trump’s TRUTH Social.”
At about the same time, a giddy Washington Post boasted that “Trump once reconsidered sticking with Truth Social. Now he’s stuck.” And still, the chorus continued a year later with New York Magazine blaring the same narrative, “Trump’s Truth Social Is an Unmitigated Failure.” And on and on.
Certainly, when Musk purchased Twitter, renamed it the free-speech platform X, endorsed Donald Trump, and welcomed banned conservatives back to the now-reinvented old Twitter, it questioned the original reason-to-be of TruthSocial.
Yet despite media obituaries, 2024 ends with the Trump Media & Technology Group’s stock price at some $35-37. In October, the company’s worth soared to an incredible $10 billion in market capitalization—albeit a figure representative of speculative interest rather than the size of its profits or market share.
Still, unlike the old Twitter, TruthSocial had little overhead and ran a tight ship. It reportedly has some $700 million in cash on hand. And it enjoys something no other platform can quite rival—the near-exclusive domain of the President of the United States, 8.4 million of his followers, and over 600,000 investors. Most of the media’s sensational stories about its massive operating losses were never borne out by its officially released filings.
Tens of thousands of Americans have invested in TruthSocial because of what it stands for and their faith in Donald Trump. In that sense, they confound Wall Street orthodoxies about the magnitude of company size and profitably in gauging stock prices.
There is a sort of nemesis theme to all these hubristic Nunes hit stories: the clueless bumpkin from a California dairy who turns out to have exposed one of the great scandals of political malfeasance in modern history, or the fumbling ex-farmer driving the ridiculous Trump media platform into, at one recent point, a $10 billion net worth—and multibillion-dollar profit for Donald Trump.
Critics are right that the TruthSocial stock is astronomically “overvalued”, but seem clueless as to why that is and why it may remain more or less so.
It is a well-run company, and its inseparable brand, Donald Trump, is no longer the media’s Satan but increasingly a widely admired, resilient, and indomitable figure, traits that even his exhausted enemies grudgingly concede.
So, looking back at the years of insanity, where now are all the officials and pundits who swore that Nunes was either incompetent or sinister?
Ryan Lizza, who in 2018 published a bizarre hit piece for Esquire by bird-dogging Nunes’s parents on their dairy in Iowa, was fired for sexual misconduct from The New Yorker. He was recently embroiled in a messy, he-said/she-said courtroom psychodrama—replete with charges and countercharges of blackmail, theft, and physical intimidation—with his erstwhile fiancé, the peripatetic Olivia Nuzzi.
The dissimulator quad of Brennan, Clapper, Comey, and McCabe has receded into irrelevancy, only occasionally reemerging in half-hearted fashion to reassert their stale first-term Trump accusations.
No one believes the pompous Schiff memo was more accurate than the Nunes brief it attacked.
No one vouches for the bogus Steele dossier, or that Steele himself was a skilled and professional ex-intelligence agent, or that Hunter’s laptop was cooked up in Moscow, or that Carter Page was a Russian spy working to subvert the 2016 election.
No one trusts that Samantha Power had legitimate reasons to request the unmasking of nearly 300 Trump officials, many of them her political enemies, or that the FBI did not collude with social media to suppress news unfavorable to Joe Biden in 2020, or that the intelligence agencies initially were accurate in parroting the official line that the COVID virus was birthed by a bat or pangolin.
Yet the disillusioned public also wants to know what these intelligence agencies did not do when they were otherwise so busy hunting down fantasy conspiracy theories and knee-deep in domestic partisan politics.
Did they warn us that the entire U.S. effort in Afghanistan was about to collapse, in the greatest humiliation of the U.S. military in a half-century, as it abandoned over $50 billion in weapons to terrorists?
Did they have a clue about what Hamas, Iran, and Hezbollah were up to before October 7?
Did they ever sense that Vladimir Putin was about to stage a massive attack on Kyiv on February 24, 2022?
Did they ever have any hint about what two near-successful Trump assassins were up to?
Did they ever honestly report what exactly was going on at the Wuhan virology lab and to what degree our own health officials were complicit in it?
And how does China keep producing state-of-the-art ships, warplanes, drones, and weaponry that seem eerily to resemble or replicate original American designs?
As in the case of the newly appointed reformist directors of the wayward FBI, Pentagon, or National Institute of Health, so likewise the intelligence agencies need and should welcome the civilian oversight of Devin Nunes and his new board – to ensure they start doing what they were tasked to do and not continue to do what they were not.
END
VDH
VDH: Germany’s New Morgenthau Plan
Sunday, Jan 05, 2025 – 07:35 AM
Authored by Victor Davis Hanson,
Less than a year before the end of World War II, then-U.S. Secretary of the Treasury Henry Morgenthau drew up a nightmarish plan to punish postwar Germany.
After the serial 1870-1871 Franco-Prussian War, World War I, and World War II — along with the failed Versailles peace treaty of 1919 — the Allies in World War II wanted to ensure there would never again be an aggressive Germany powerful enough to invade its neighbors.
When the so-called Morgenthau Plan was leaked to the press in September 1944, at first it was widely praised.
After all, it would supposedly render Germany incapable of ever starting another world war in Europe.
Morgenthau certainly envisioned a Carthaginian peace, designed to ensure a permanently deindustrialized, unarmed, and pastoral Germany.
Postwar Germany would have resembled something akin to the ancient, pre-civilized frontier that the first-century AD historian Tacitus wrote about in his Germania.
The plan would have ensured that within six months of Germany’s surrender, all of its industrial plants and equipment were to be dismantled.
The Ruhr, the renowned center of European industrial strength, was to be permanently neutered, starved of its energy, raw materials, and infrastructure.
After the war, the plan demanded virtual complete disarmament of Germany. Its once-feared armed forces were to be rendered nonexistent.
There were also promised massive reductions in Germany’s borders. Various countries, such as the Soviet Union, Poland, and France, were to be given large slices of the old Third Reich.
Future German security would hinge only on the power and goodwill of the victorious United States and its allies.
When the dying Nazi Party got wind of the plan, Hitler’s propaganda minister, Joseph Goebbels, had a field day. He screamed to Germans that they were all doomed to oblivion if they lost the war, even growing opponents of the Nazi Party.
Even many Americans were aghast at the plan.
Gen. George Marshall, the Army chief of staff, warned that its mere mention had galvanized German troops to fight to the end, increasing American casualties as they closed in on the German homeland.
Ex-President Herbert Hoover blasted the plan as inhumane. He feared mass starvation of the German people if they were reduced to a premodern, rural peasantry.
But once the victorious allies occupied a devastated Germany, witnessed its moonscape ruined by massive bombing and house-to-house fighting, and discovered that their “ally,” Russia’s Joseph Stalin, was ruthless and hellbent on turning all of Europe communist, the Truman administration backed off the plan.
There is a tragic footnote to the aborted horrors of the Morgenthau Plan. Currently, Germany is doing to itself almost everything Morgenthau once dreamed of.
Its green delusions have shut down far too many of its nuclear, coal, and gas electrical generation plants.
Erratic solar and wind “sustainable energy” means that power costs are four times higher than on average in the United States.
Once-dominant European giants Volkswagen, BMW, and Mercedes are now bleeding customers and profits. Their own government’s green and electric vehicle mandates ensure they will become globally uncompetitive.
The German economy actually shrank in 2023. And the diminished Ruhr can no longer save the German economy from its own utopian politicians.
The German military is all but disarmed and short thousands of recruits.
German industries do not produce enough ammunition, tanks, ships, and aircraft to equip even its diminished army, navy, and air force.
Just a few hundred miles from Germany in Ukraine, more than a million Ukrainians and Russians are dead, wounded, or missing — in the costliest European battle since the horrors of Stalingrad.
Yet the once postwar German dynamo nation now lacks the manpower, munitions, and money to aid Ukraine in any meaningful way against an ascendant Russian invader.
More than 1 million immigrants have entered the country illegally, the vast majority of them from the Middle East. Many of them are hostile to European values and culture, as recent terrorist killings have shown. One-fifth of the population was not born in Germany.
The shrinking German people are growing angry, divided, and depressed. Their 1.4 percent fertility rate is one of the lowest in the Western world.
A tragic irony now abounds.
After World War II, the Truman administration rejected the notion of a pastoral, deindustrialized, and insecure Germany as a cruel prescription for poverty, hunger, and depopulation.
But now the German people themselves voted for their own updated version of Morgenthau’s plan — as they willingly reduced factory hours, curtailed power and fuel supplies, and struggled with millions of illegal aliens and porous borders.
Germans accept that they have no military to speak of that could protect their insecure borders — without a United States-led NATO.
Eighty years ago, Germany’s former conquerors rejected wrecking the defeated nation as too harsh. But now Germany is willfully pastoralizing, disarming, deindustrializing — and destroying — itself.
TUCKER CARLSON INTERVIEWING
KING REPORT
| The King Report January 6, 2025 Issue 7404 | Independent View of the News |
| President Biden (@POTUS) on Friday: A committee of national security and trade experts determined that a Nippon Steel acquisition of U.S. Steel would place one of America’s largest steel producers under foreign control and create risk for our security and supply chains. I’m blocking the deal. @kenmoriyasu: Oops. White House copy-and-pastes from a previous presidential order on a Chinese real estate transaction and uses it for the Nippon Steel announcement. And forgets to delete the title. https://x.com/kenmoriyasu/status/1875210777080242181 Reserves at Fed sink below $3 trillion to the lowest since 2020 https://t.co/DV8VBVa3kx Stocks rallied sharply on Friday, which was a relatively easy forecast. Though the Nasdaq 100 soared, Mag 7/Fangs were a modest drag because they did NOT rally as sharply. Near 13:30 ET, the Nasdaq 100 was +1.6%; the NY Fang+ Index was+1.2%. Apple was -0.47%; Nvidia was +4.53%; CrowdStrike was +2.14%. ESHs opened modestly higher on Thursday night but they quickly fell into negative territory. ESHs hit their daily low of 5911.25 at 18:47 ET. ESHs then rallied but traded largely sideways with an upward bias until they jumped higher at 9:17 ET on buying for the NYSE opening. ESHs soared to 5965.75 at 9:38 ET and then vacillated wildly in a 31-handle range until they broke higher near 11:00 ET. The breakout quickly aborted. After a modest retreat, ESHs jumped again on the manipulation for the 11:30 ET European close. ESHs hit 5980.65 at 11:51 ET and traded sideways until the afternoon rally commenced at 13:25 ET. ESHs plodded to a daily high of 5996.75 at 14:38 ET and then rolled over. ESHs eased down to 5980.75; the late manipulation pushed ESHs to 5991.75 at 15:59 ET. ESHs slid to 5986.00 at 16:00 ET. Positive aspects of previous session US stocks rallied robustly; the S&P 500 broke a 5-day losing streak; the DJIA broke 4 days of losses. Negative aspects of previous session USHs were -9/32 at the NYSE close; energy commodities rallied modestly. Ambiguous aspects of previous session The dollar and gold declined smartly while cryptocurrencies rallied sharply. First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5926.82 Previous session S&P 500 Index High/Low: 5949.34; 5886.66 Surgeon General calls for cancer risk warning label on alcohol-containing beverages Surgeon General Dr. Vivek Murthy said alcohol is responsible for about 100,000 cases of cancer and 20,000 cancer deaths annually in the U.S. https://justthenews.com/government/federal-agencies/surgeon-general-calls-cancer-risk-warning-label-alcohol-containing Alcohol stocks tumble after US surgeon general calls for cancer warnings https://trib.al/vJIAoXI DJT, Musk, Vivek et al are trying to wean the US economy from its massive deficit spending addiction. The debt and spending as a percentage of GDP is like what occurred during WWII. War is bullish for the economy but after major wars, recession appears. The transition from a war-time economy to a peace-time economy produces hardships – and opportunities. But first, citizens must endure the pain. US GDP 1945 -1.0%, 1946 -11.6%, 1947 -1.1, 1948 +4.1%, 1949 -0.6%, 1950 +8.7%, 1951 +8.0% https://www.thebalancemoney.com/us-gdp-by-year-3305543 If Musk and Vivek succeed in reducing spending by $2T, it will have a severe economic impact. DJT is betting that deregulation, tax cuts, and other measures will offset the economic shock. However, with WWII as a guide, it will take some time for the stimulus measures to produce a beneficial effect. It is possible Mr. Market is becoming troubled by the probable economic shock. Plus, the US’s 50s boom had these ginormous positives that are lacking now: 1) The Baby Boom demographic; 2) Huge pent-up demand and robust savings due to WWII rationing; and 3) low consumer debt. At the end of 1945, the amount of consumer credit outstanding in the United States was $6.567.05B. https://www.federalreserve.gov/releases/g19/hist/cc_hist_sa_levels.html US GDP at the end of 1945 was $2.5 trillion. Consumer credit was 0.263% of GDP. https://www.multpl.com/us-gdp-inflation-adjusted/table/by-year In 1946, gross household debt stood at 15 percent of U.S. gross domestic product. It peaked at close to 100 percent on the eve of the 2008 financial crisis and has fallen slightly since then… https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/files/pdfs/hfs/assets/2017/moritz_schularick_the_great_american_debt_boom.pdf  The DJIA with important Simple Moving Averages – Close to a major breakdown technically! If the December DJIA low is breached, there will be a test of the massive support at 41650 to 42000. A decisive breach of this major support should unleash spirited selling. Today – Traders will play for the Monday Rally, abetted by the short-term oversold condition for stocks. If the first hour NYSE lows are breached, it could be a tough day for equities. The Sunday night markets are not rallying like they normally do; and USHs have been down as much as 16/32. ESHs are -4.25; NQHs -16.75; and USHs -12/32 at 20:05 ET. Expected Economic Data: Dec S&P Global US Service PMI 58.5; Nov Factory Orders -0.3% m/m; Nov Durables -0.3% m/m, Ex-Trans 0.3%, Nondef Ex-Air 0.1%, Shipments 0.2%; Fed Gov Cook 9:15 ET S&P Index 50-day MA: 5945; 100-day MA: 5804; 150-day MA: 5685; 200-day MA: 5559 DJIA 50-day MA: 43,435; 100-day MA: 42,554; 150-day MA: 41,533; 200-day MA: 40,870 (Green is positive slope; Red is negative slope) S&P 500 Index (5942.47 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5329.29 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5735.66 triggers a sell signal Daily: Trender and MACD are negative – a close above 6012.66 triggers a buy signal Hourly: Trender and MACD are positive – a close below 5883.70 triggers a sell signal The FT: Blinken says the US was “very concerned” because Putin seemed to be at least considering the nuclear option… But nuclear weapons were also one of the few issues where China may have helped the US, despite Beijing’s support for Russia. “We have reason to believe that China engaged Russia and said: ‘Don’t go there’,” he says… https://www.ft.com/content/25798b9f-1ad9-4f7f-ab9e-d6f36bbe3edf On Friday afternoon, despite some childish drama from a few GOP Reps, Mike Johnson (R-LA) was reelected Speaker of the House for the 119th House of Representatives (218-215). Now, the House can certify Trump’s victory today. @MikeEmanuelFox: Mike Johnson was just officially elected Speaker on the FIRST BALLOT after Rep-elect Norman (R-SC) and Rep-elect Self (R-TX) switch their votes. @GrassleyWorks on Friday afternoon: GOP Sen. Chuck Grassley (Iowa) just replaced VP Harris as the presiding officer of the Senate. The Senate GOP Majority is BACK. NY Judge Merchan will sentence Trump to a conditional discharge on January 10th. This means the hush money case will be ended without jail time, a fine or probation. Trump will appeal the conviction and Judge Merchan’s egregious rulings and bias will be fully and publicly exposed. White House refuses to comment on mystery Biden marks after explosive health cover-up revelations – White House refuses to comment on mystery Biden marks after explosive health cover-up revelations… https://t.co/NjbP4LcDtG @JustTheNews: Biden to give George Soros, Hillary Clinton the Presidential Medal of Freedom (Team Obama-Biden has debased this award!) @SteveGuest: Joe Biden is giving the Presidential Medal of Freedom to José Andrés who founded World Central Kitchen. A more accurate name for WCT is Hamas Central Kitchen. World Central Kitchen employees participated in the Hamas’s October 7th attack on Israel. https://t.co/IZQkByGUUe @SpeakerJohnson: Biden is ending his term in disgrace. In his final weeks at the White House, he has: – Pardoned his son for crimes Biden insisted never happened & despite repeatedly saying he wouldn’t – Granted clemency to murders and rapists (a slap in the face for families of their victims) – Celebrated shamed politicians like Liz Cheney and Hillary Clinton who lied to the American people and did everything they could to try to take down President Trump. January 20th can’t come soon enough. @DefiantWorld: Bill Nye says there should be policies that penalize people for having “extra kids” in the “developed world.” (Biden gave Nye a Presidential Medal of Freedom) https://t.co/elfg7A1Dp2 @adamhousley: This crap needs to stop. That medal is becoming more and more worthless every time a President presents it. Soros? Lol…he’s done more to ruin this country and destabilize the world than just about anyone. @MeetThePress: Schumer says ‘we didn’t’ mislead Americans on Biden’s mental acuity: “We didn’t…He’ll go down in history as a really outstanding president.” Full interview https://t.co/IfpizHdPFR Mexico opens possibility of receiving non-Mexican deportees from Trump President Claudia Sheinbaum said during her daily press briefing that in cases where the U.S. would not return migrants to their countries “we can collaborate through different mechanisms.” She did not offer details, but Mexico could limit it to certain nationalities or request compensation from the U.S. to move the deportees from Mexico to their home countries… https://abc7.com/post/mexico-opens-possibility-receiving-mexican-deportees-trump/15752461/ Sugar Bowl sponsor sparks outrage with ‘shameful’ comments following New Orleans terror attack Fans tuning into the Sugar Bowl were incensed by a statement made by Tom Wilson, the chairman, president and CEO of The Allstate Corporation, where he talked about Wednesday’s terrorist attack moments before kickoff… ‘We also need to be stronger together by overcoming an addiction to divisiveness and negativity. Join Allstate working in local communities all across America to amplify the positive, increase trust, and accept peoples imperfections and differences. Together we win.‘… https://trib.al/lXrJU05 Allstate CEO Slammed for Bizarre Comments in Response to New Orleans Terror Attack Allstate CEO Tom Wilson received a measure of backlash after he insisted that Americans must respond to the New Orleans terror attack by accepting people’s “imperfections and differences.”… https://modernity.news/2025/01/03/allstate-ceo-slammed-for-bizarre-comments-in-response-to-new-orleans-terror-attack/ GOP Sen. @VoteMarsha: Allstate should fire everyone responsible for this disgusting ad released during the Sugar Bowl. Instead of condemning terrorism, Allstate CEO Tim Wilson said we should reflect on a terrorist attack by overcoming “divisiveness and negativity” and accept “imperfections and differences.” Allstate deletes social media post of CEO’s controversial Sugar Bowl message amid backlash https://www.foxnews.com/sports/allstate-deletes-social-media-post-ceos-controversial-sugar-bowl-message-amid-backlash ESPN blasted not airing national anthem, moment of silence ahead of Sugar Bowl on day after New Orleans attack https://t.co/kgFGyPBWbK New Orleans attacker had a transmitter to set off explosive devices, FBI says Shamsud-Din Jabbar used a very rare explosive compound in the devices… the explosive has never been used in a U.S. terror attack or incident, nor in any European terror attack…. Who sold/gave it to him?) https://www.nbcnews.com/news/us-news/new-orleans-attack-transmitter-explosive-devices-fire-airbnb-fbi-rcna186223 New Orleans attack: Suspect’s travel to Egypt under investigation https://abcnews.go.com/US/new-orleans-attack-latest-fbi-dhs-warn-copycat/story?id=117290889&s=02 Soldier who died in Last Vegas truck explosion left note saying it was stunt to serve as wakeup for country’s ills: AP https://wtop.com/national/2025/01/soldier-who-died-in-last-vegas-truck-explosion-left-note-saying-it-was-stunt-to-serve-as-wakeup-for-countrys-ills/ Matthew Livelsberger was treated for depression just before Cybertruck suicide bombing: ‘He wanted to get more help’ https://trib.al/RFD0Jwf Solider who exploded Cybertruck in Las Vegas did not show any ‘concerning behavior’ before leave request: Army https://t.co/k8ZsoXfkQ0 @CollinRugg: Family of accused Trump hotel truck bomber Matthew Livelsberger says he was a “big Trump supporter,” questions the incident. Odd. The uncle of Livelsberger told the Independent that he is confused by the explosion because his nephew could rig a bomb to blow up half the hotel if he really wanted to do damage. “He used to have all patriotic stuff on Facebook, he was 100 percent loving the country.” “He loved Trump, and he was always a very, very patriotic soldier, a patriotic American. It’s one of the reasons he was in Special Forces for so many years. It wasn’t just one tour of duty.” “Matt was a very skilled warrior, and he would be able to make if it was him, and if he did this… he would’ve been able to make a more sophisticated explosive than using propane tanks and camping fuel.” “Some of it doesn’t make sense, when he had the skills and ability to make something more, let’s say, ‘efficient.’ His skills were enormous from what he had been taught in the military.” “[He] could have fashioned a bomb that would have obliterated half of that hotel if he seriously wanted to hurt others.” Source: Independent @sentdefender: After the Tesla Truck Explosion in Las Vegas, officials are now saying that they found a Military Identification, Desert Eagle, an SLR B-30 AR Pattern Rifle, an IPhone, and a Smart watch all in Matthew Livelsberger’s name. Also, Livelsberger had sustained one gunshot wound to the head. Cybertruck bomber Matthew Livelsberger’s wife broke up with him days before explosion outside Trump hotel in Las Vegas: sources – His wife — who had a baby daughter with Livelsberger — reportedly told him that she knew he had been cheating… https://t.co/FQTNCBbly7 Las Vegas Cybertruck bomber Matt Livelsberger ‘preyed on’ first wife, pal says amid Trump tower explosion – A friend of Tesla Cybertruck bomber Matthew Livelsberger claims he was a ‘bizarre and unhealthy’ man who would ‘prey’ on his first wife… https://t.co/ejIPAJ19ra @nicksortor: The alleged Las Vegas Cybertruck Bomber reach out to ex-girlfriends “excited” about renting a Cybertruck, per the Gazette. “I rented a Tesla Cybertruck. It’s the s#*t. I feel like Batman or halo,” he texted one of his ex-girlfriends on Sunday. He also sent her photos and music videos of the truck, and when she asked how fast it is, Livelsberger respond “ungodly.” She described Livelsberger’s texts as playful, “almost like a kid with a new toy.” https://x.com/nicksortor/status/1875005944360214807 @DC_Draino: Now that we know the Vegas suspect was found with a bullet in his head, I see 2 possible scenarios: 1. He shot himself – he was planning to commit suicide & didn’t want to risk being burned alive. 2. He was shot by someone else & the Tesla was auto-pilot navigated to the Trump hotel. A long fuse could’ve been lit, a timer could have been set, or the bomb could have been remotely detonated. I wonder if anyone in the vicinity heard a gunshot. That would help confirm where the car was when he was shot. @elonmusk: Autopilot will not function unless it detects an attentive person in the driver’s seat. @angertab: Matthew Livelsberger is a suspect in the Tesla Vegas bombing at the Trump Hotel. Twice last month, someone pretending to be a Green Beret from my former Operation Detachment Alpha’s (ODA) sister-team contacted me and showed extensive knowledge of personal information about the Green Beret they claimed to be (who is still on active duty). The person who contacted me claimed to be suicidal, likely in an attempt to get me to SWAT “his” house with either police or Green Berets to make sure he was OK. This would have given away his location if it was not already known. Matt Livelsberger served on the same ODA and held the same position as the person who was impersonated. A lot is not adding up about this situation in Vegas. https://x.com/angertab/status/1874866119934140511 @GBNT1952: This is the single most important piece of information in the Vegas bombing We cannot trust any of the information contained in the emails or messages from Matt Livelsberger after December 29th when his Signal safety number was changed. For those of you unfamiliar with Signal, it is a peer to peer encrypted messaging app that assigns you a unique safety number based off of your phone and SIM card. It only changes if your Signal account is loaded onto a new phone or SIM. It automatically lets everyone in conversations with you know if your safety number has changed. Matt’s changed on the 29th. All information sent by Matt after the 29th must be treated as misinformation. The emails to Shawn and Sam were sent on the 31st… If you are scared for your life and running from the feds, you don’t transfer any personal accounts from your personal phone to a clean burner, and you don’t rent a damn Tesla that is a rolling trackable live-streaming computer. None of this is making any sense… https://x.com/GBNT1952/status/1875338551560229157 @CollinRugg: FBI says they have “strong evidence” that the email shared on Shawn Ryan’s show *was* sent by Livelsberger before the explosion. The statement was made just 1 hour after Ryan released the episode. In the email, the individual believed to be Livelsberger said the NJ drones were operated by a “gravitic propulsion system.” The email suggested that the drones could have been operated by China. “What we have been seeing with “drones” is the operational use of gravitic propulsion systems powered aircraft by most recently China in the east coast, but throughout history, the US,” the email claims. “Only we and China have this capability. Our OPEN location for this activity in the box is below. China has been launching them from the Atlantic from submarines for years, but this activity recently has picked up.” “As of now, it is just a show of force and they are using it similar to how they used the balloon for sigint and isr, which are also part of the integrated coms system. There are dozens of those balloons in the air at any given time.” (Livelsberger was a trained drone operator.).. https://x.com/CollinRugg/status/1875297966774165827 Here is the email: https://x.com/CollinRugg/status/1875309250035306630 @ShawnRyan762: Here is the email Matt Livelsberger sent to the Shawn Ryan Show: “… I want to blow the whistle on our activities in a certain place…” https://t.co/7DPIGbEQqT @nicksortor: New video has just been released of the Cybertruck being detonated at Trump Las Vegas This is a MUCH better view of the driver It’s pretty obvious where the detonation originates, and if you look closely, you can see the driver’s head turn. https://t.co/BLpWIrSQf9 Babylon Bee: FBI Asks X Users to Please Stop Solving Crimes Before They Do https://t.co/TZt3AKcaR0 @bennyjohnson: A guy shoots Trump in the head live at a rally “protected” by the Secret Service – No manifesto – No cell data – No texts – No emails – No interviews of parents – No footage of his home – No background – No accomplices This is the real cover-up @elonmusk: It is now illegal to show your ID even in local elections in California. The reason they’re doing this is to make voting fraud unprovable… The Democrats oppose voter ID so that they can commit voting fraud and not get caught. It’s that simple. @John_Kass: Who are these leftists like @GovPritzker so eager to promote themselves by castrating and sterilizing minor children in the name of “gender affirming care?” They are the Mengele Democrats. Read my column here at https://t.co/PzGhjRPYmY Kamala Harris flubs Pledge of Allegiance during Senate opening day https://trib.al/hlxQMRf @LeadingReport: Notre Dame Coach Marcus Freeman responds to a media question about his thoughts on the guarantee of a Black coach in the national championship. “Your color shouldn’t matter. The evidence of your work should.” https://x.com/LeadingReport/status/1875599696426889689 “She Deserves to Be in Prison”: Outrage Ensues in UK after Labour Refuses to Investigate ‘Rape Gangs’ – At the center of the controversy is Labour’s safeguarding minister Jess Phillips, who insisted that the decision to launch an investigation was “for Oldham Council alone.” This comes despite a 2022 report revealing that children in Oldham were failed by agencies meant to protect them amid allegations of grooming by “predominantly Pakistani offenders” in council homes, shisha bars, and taxis… https://www.zerohedge.com/markets/she-deserves-be-prison-outrage-ensues-uk-after-labor-refuses-investigate-rape-gangs @elonmusk: For anyone doubting the severity and depravity of the mass gang rapes of little girls in Britain, go to the source material and read the court transcripts. I did. It is worse than you could possibly imagine. https://t.co/OeK2uVxJ93 Jimmy Saville, longtime BBC employee, raped over 400 children while being paid millions by the BBC. https://twitter.com/elonmusk/status/1875921852683661590?s=02) | |
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SWAMP STORIES FOR YOU TONIGHT
‘Hush Money’ Case Judge Orders Trump Sentenced Ahead Of Inauguration, Signals No Punishment
Friday, Jan 03, 2025 – 04:40 PM
New York Supreme Court Justice Juan Merchan has rejected an attempt by President-Elect Donald Trump to dismiss his business records case and ordered sentencing for Jan. 10.
“This Court finds that neither the vacatur of the jury’s verdicts nor dismissal of the indictment are required by the Presidential immunity doctrine, the Presidential Transition Act or the Supremacy Clause,” Merchan said on Jan. 3.
“Finding no legal impediment to sentencing and recognizing that Presidential immunity will likely attach once Defendant takes his Oath of Office, it is incumbent upon this Court to set this matter down for the imposition of sentence prior to January 20, 2025,” Merchan wrote.
However, while some on the left may be hoping this is the last gambit to avoid four years of ‘Hitler’ reigning over them with the chance of the judge to #LockHimUp, Merchan said an unconditional discharge “appears to be the most viable solution” and he would allow Trump to appear virtually.
“While this Court as a matter of law must not make any determination on sentencing prior to giving the parties and Defendant an opportunity to be heard, it seems proper at this juncture to make known the Court’s inclination to not impose any sentence of incarceration, a sentence authorized by the conviction but one the People concede they no longer view as a practicable recommendation,” Merchan wrote.
Trump, 78, had faced as many as four years in prison in the hush money case after a jury in May found him guilty on 34 felony counts of falsifying business records for payments to an adult film star before the 2016 election.
Merchan rejected each of Trump’s arguments for dismissal, including that allowing a criminal conviction to hang over a sitting president would undermine his authority. The judge noted that Trump won the election even after he was convicted in the case.
“Whatever stigma that might have existed, will most certainly not interfere with defendant’s ability to carry out his duties — both as president-elect and as the sitting president,” Merchan said.
However, as The Hill points out, Merchan’s decision keeps Trump’s criminal conviction on the books.
“This court has painstakingly considered the respective arguments of the parties and finds that setting aside the jury verdict is not the best or only way to reconcile the competing interests,” Merchan said.
The judge state that the importance of keeping the New York jury’s guilty verdict against Trump intact could not “possibly be overstated.”
“Indeed, the sanctity of a jury verdict and the deference that must be accorded to it, is a bedrock principle in our Nation’s jurisprudence,” he said.
This would mean he would be the first felon to assume the presidency, though Trump can still appeal the jury’s verdict.
GREG HUNTER INTERVIEWING DR BETSY EADS…
CV19 Bioweapon Shots are Democide on a Global Scale – Dr. Betsy Eads
By Greg Hunter On January 5, 2025 In Political Analysis12 Comments
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
There is no wonder why everyone is in the dark about the deaths and disabilities caused by the CV19 bioweapon vax. According to Dr. Michael Yeadon (who worked at Pfizer for 20 years bringing new drugs to market), more than five billion people around the world took the CV19 vax, at least 200 million were in the US alone. Try to do an internet search of negative effects from the CV19 vax, and one of the first things that pops up is from the CDC that says, “Most side effects are mild to moderate.” According to Dr. Betsy Eads, that is a total lie, and what Dr. Eads sees in the hospitals everyday tells the real story that is being covered up by just about everybody involved. Dr. Eads says, “There is a boom on procedures in the hospitals. These doctors are making big bucks. . . . They are doing procedures for things like cardiac catheterizations, fishing out blood clots, interventional radiology . . . for blood clots that go to the brain and cause strokes. You are talking about big procedures, long hospital stays, and you are talking about a lot of money being made, not just for the doctors and the hospitals, but for the whole system. It’s broken, and it’s all about money. It’s not about health and healing.”
The numbers of adverse events from the CV19 injections are vastly underreported, according to multiple studies. One study says, “Fewer than 1% of vaccine adverse events are reported.” CV19 vax truth teller Steve Kirsch has just listed several of these studies on his Substack. Kirsch also listed a long list of facts that say “COVID vaccines are unsafe and that the medical community should not be trusted.”
Money manager and analyst Ed Dowd is out with new numbers of disabilities, now up to 4.8 million in the US alone. Also, cancers, especially in young people, are up about 10%. Add that to the death total from around the world, and that is a minimum of 15 million murdered since the CV19 shots were introduced, and you have a full-blown calamity with no sign of it abating. On top of that, there is no treatment happening for the vax injured, and no treatment is ever going to be given if the coverup continues of the CV19 bioweapon vax. Dr. Eads says, “Trump is going to use RICO (Racketeering) to expose the collusion between medical boards, journal articles and Big Pharma. That same collusion that fired multiple doctors (for warning about the CV19 shots) from their jobs and sanctioned them from medical boards in multiple states is going to be flipped with RICO violations. People are going to be arrested. . . . There are probably 15 million to 17 million dead in America from the CV19 vaccines–it’s just underreported. I stand behind what I said on one of the early shows I did with you that I believe at year five (since the CV19 shots started), we are going to be close to a billion people that are either permanently disabled or dead from these bioweapon shots.”
In closing, Dr. Eads says, “This is not only racketeering, but all of the 10 Nuremberg Codes have been violated. So, this is also Crimes Against Humanity. They can be brought up under RICO or under Nuremberg offences for Crimes Against Humanity. This story is huge. There have been more deaths than any war. . . . These are bioweapons. This is democide. This is murder. Look at all the polls that are out there of family members dying or being permanently disabled. It’s one out of three or four people. It’s incredible the amount of people that are now affected by these bioweapons.”
There is much more in the 1-hour and 6-minute interview.
Join Greg Hunter as he talks to 26-year veteran Dr. Elizabeth Eads, DO, exposing growing problems of the CV19 injections. Dr. Eads continues to highlight the real unreported effects of the CV19 bioweapons for 1.4.25
After the Interview:
You can follow Dr. Elizabeth (Betsy) Eads on Twitter/X and Telegram.
Dr. Eads has a website called HealingHumanityWorldwide.com. (Scroll down and see Dr. Eads’ CV19 vax injury protocol.)
Dr. Eads also recommends FLCCC.net and the “I-RECOVER: post vaccine treatment.”
You can help Dr. Eads continue her mission to get the truth out about everything CV19 vax by donating here: Pay $Docbetsy55 on Cash App, or you can use Dr. Betsy’s Venmo account to donate.
(Please support the truth tellers!!)
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SEE YOU ON TUESDAY
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