JAN 8//MASSIVE FIRE IN LOS ANGELES PALISADES AREA HOME TO MANY HOLLYWOOD STARS// GOLD CLOSED UP $5.35 TO $2656.25//SILVER DOWN ONE CENT TO $30.08//PLATINUM UP $6.40 TO $959.05 WHILE PALLADIUM WAS UP $1.15 TO $930.45//GOLD COMMENTARY TONIGHT COURTESY OF JOHN RUBINO//IN GERMANY AFD PARTY GAINS IN THE POLLS/UK SEES POUND FALTER AND YIELDS RISE AS THE COUNTRY HAS ITS TRUSS MOMENT//ISRAEL VS HAMAS //ISRAEL AND THE WEST BANK//COVID UPDATES/VACCINE INJURY REPORT//DR PAUL ALEXANDER/SLAY NEWS ETC//USA NEWS: LOOKS LIKE FAKE CNN NEWS ON TRUMP’S TARIFFS//SWAMP STORIES FOR YOU TONIGHT///
072 H GOLDMAN 51 118 C MACQUARIE FUT 5 118 H MACQUARIE FUT 200 190 H BMO CAPITAL 1498 363 C WELLS FARGO SEC 9 363 H WELLS FARGO SEC 14 435 H SCOTIA CAPITAL 22 624 H BOFA SECURITIES 1410 657 C MORGAN STANLEY 21 661 C JP MORGAN 99 686 C STONEX FINANCIA 10 16 730 C PTG DIVISION SG 21 732 C RBC CAP MARKETS 6 737 C ADVANTAGE 2 34 905 C ADM 2
TOTAL: 1,710 1,710
JPMorgan stopped 99/1710
GOLD: NUMBER OF NOTICES FILED FOR JANUARY/2024. CONTRACT: 1710 NOTICES FOR 171,000 OZ 5.319 TONNES
total notices so far: 5636 contracts for 563600 Oz (12.2115 tonnes)
FOR JANUARY
SILVER NOTICES: 56 NOTICE(S) FILED FOR 280,000 OZ/
total number of notices filed so far this month : 1544 for 7.720 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 UP $5.35 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 OF GOLD FROM THE GLD
INVENTORY RESTS AT 871.08 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.01 AT THE SLV:HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.484 MILLION OZ FROM THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 459.353 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG SIZED472CONTRACTS TO 151,590 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS STRONG SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR STRONG GAIN OF $0,48 IN SILVER PRICING AT THE COMEX WITH RESPECT TO TUESDAY’S TRADING. WE HAD A MONSTER GAIN OF 1322 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE//TUESDAY’S TRADING.. WE HAD A ZERO LIQUIDATION OF T.A.S. CONTRACTS ON TUESDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 2 WEEKS WHERE THE RAIDS WERE CALLED UPON AGAIN AND AGAIN TO QUELL MASSIVE DERIVATIVE LOSSES BY OUR BULLION BANKS AND TO STOP THE RISE IN SILVER’S PRICE. THEY FAILED WITH //TUESDAY PRICING WITH ZERO LONGS BEING KNOCKED OFF. DERIVATIVE LOSSES CONTINUE TO MOUNT. WE HAD ZERO T.A.S. LIQUIDATION TUESDAY BUT A MASSIVE ISSUANCE OF 1453 CONTRACTS AND THAT SIGNALS RED THAT WE ARE GOING TO HAVE ANOTHER RAID SHORTLY.
WE HAD A MONSTER 850 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUMONGOUS 1453 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUMONGOUS SIZED 1312 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE. WE HAD ZERO TAS LIQUIDATION THROUGHOUT TUESDAY’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 TUESDAY NIGHT: A HUMONGOUS 1453 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 MONDAY’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 $0.48) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD A HUMONGOUS GAIN IN PRICE WITH ZERO TAS LIQUIDATION AND A HUMONGOUS GAIN IN OUR TWO EXCHANGES OF 1312 CONTRACTS.
WE HAD A 850 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 30,000 OZ QUEUE JUMP//NEW STANDING REDUCES TO 8.220 MILLION OZ
// STANDING FOR SILVER//JAN RISES TO 8.2200 MILLION OZ
WE HAD:
/ FAIR SIZED COMEX OI GAIN +// A MONSTER 910 SIZED EFP ISSUANCE/ VI) STRONG SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 660 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED 10 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 4 DAYS, total 2260 contracts: OR 11.300 MILLION OZ (557 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 11.300 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: 11.300 MILLION OZ///
RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 472 CONTRACTS WITH OUR STRONG GAIN IN PRICE OF SILVER PRICING AT THE COMEX//TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A 850 EFP ISSUANCE CONTRACTS: 850 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 OF 30,000 OZ
//NEW TOTAL STANDING FOR JAN ADVANCES TO 8.220 MILLION OZ
WE HAVE A HUMONGOUS SIZED GAIN OF 1322 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUMONGOUS 1453 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//ZERO FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE TUESDAY 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 TUESDAY 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 TUESDAY NIGHT (1450) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE, AND PROBABLY NOT TODAY.
WE HAD 56 NOTICE(S) FILED TODAY FOR 280,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A VERY STRONG SIZED 13,043 OI CONTRACTS TO 476,905 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 GETTING CLOSER TO OUR ALL TIME LOW OF 390,000 CONTRACTS.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: ADDED A HUGE SIZED 138 CONTRACTS//
WE HAD A VERY STRONG SIZED INCREASE IN COMEX OI (13,043 CONTRACTS) OCCURRED WITH OUR GAIN OF $14.50 IN PRICE TUESDAY. 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 MONSTER QUEUE JUMP OF 543 CONTRACTS OR 54,300 OZ TO WHICH WE ADD THE FIRST ISSUANCE FOR EXCHANGE FOR RISK CONTRACTS TOTALLING 1700 CONTRACTS OR 170,000 OZ (5.28775 TONNES) ISSUED JAN 6/2025 TO WHICH WE ADD TODAY’S EXCHANGE FOR RISK ISSUANCE OF 150 CONTRACTS OR 15,000 OZ OR .4665 TONNES . NEW STANDING FOR JAN ADVANCES TO 19.757 TONNES + 5.28775 TONNES EX FOR RISK/PRIOR + .4665 EX FOR RISK TODAY = 25.510 TONNES
/NEW STANDING 25.510 TONNES
/ ALL OF THIS HAPPENED WITH OUR $14.50 GAIN IN PRICE WITH RESPECT TO TUESDAY’S COMEX ///. WE HAD A VERY STRONG GAIN OF 14,493 OI CONTRACTS (45.08 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 FAIR SIZED 1450 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 477,043
IN ESSENCE WE HAVE A VERY STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 14,493 CONTRACTS WITH 13,043 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1450 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 14,493 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUMONGOUS SIZED AND CRIMINAL 10,184 CONTRACTS ISSUED. WE HAD A ZERO LIQUIDATION OF T.A.S CONTRACTS WITH OUR GAIN IN PRICE TUESDAY. MORE MONSTER ISSUANCE OF T.A.S IS NEEDED FOR REPLENISHMENT TO CARRY OUT ITS PRICE CONTAINMENT STRATEGY IN FUTURE TRADING. (FUTURE RAIDS)
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1450 CONTRACTS) ACCOMPANYING THE STRONG SIZED INCREASE IN COMEX OI OF 13,043 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 14,493 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 543 CONTRACTS OR 54300 OZ (1.688 TONNES) TO WHICH WE ADD THAT CRAZY “DELIVERY” CALLED EXCHANGE FOR RISK TODAY OF .4665 TONNES// NEW STANDING FOR JAN ADVANCES TO: 25.510 TONNES
//NEW STANDING JAN: 25.510 TONNES
/ 3) ZERO T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE TUESDAY WITH ZERO SUCCESS IN REMOVING SPECULATOR LONGS, AS WE HAD A 1) $14.50 PRICE GAIN, AND 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A TOTAL GAIN OF 14,355 CONTRACTS ON OUR TWO EXCHANGES. ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL.
4) VERY STRONG SIZED COMEX OPEN INTEREST INCREASE 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///HUGE T.A.S. ISSUANCE: 10,184 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: 14,006 CONTRACTS OF 1,400,600 OZ OR 43.56 TONNES IN 4 TRADING DAY(S) AND THUS AVERAGING: 4185 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 4 TRADING DAY(S) IN TONNES 43.56 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 43.56 DIVIDED BY 3550 x 100% TONNES = 1.22% OF GLOBAL ANNUAL PRODUCTION
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. 43.56 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 ROSE BY A STRONG SIZED 472 CONTRACTS OI TO 151,590 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 850 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 850 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 462 CONTRACTS AND ADD TO THE 850 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1322 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS A HUGE 6.660 MILLION OZ OCCURRED WITH OUR $0.48 GAIN IN PRICE
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/WEDNESDAY MORNING TUESDAY NIGHT
ASIA TRADING WEDNESDAY MORNING/TUESDAY NIGHT
SHANGHAI CLOSED UP 0.52 PTS OR 0.02%
//Hang Seng CLOSED DOWN 167.74 PTS OR 0.86%
// Nikkei CLOSED DOWN 102.24 OR 0.02%//Australia’s all ordinaries CLOSED UP 0.66%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.3582 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3589// Oil UP TO 74.82 dollars per barrel for WTI and BRENT UP AT 77.47 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING AT LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A VERY STRONG SIZED13,043 CONTRACTS TO 476,905 WITH OUR GAIN IN PRICE OF $14.50 WITH RESPECT TO TUESDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1450) . THEN MUCH TO MY SURPRISE,THE CME ISSUED THEIR SECOND ISSUANCE OF EXCHANGE FOR RISK: (150 CONTRACTS FOR 15000, OZ OR .4665 TONNES) . THUS IN TOTAL WE HAD A HUGE GAIN ON OUR TWO EXCHANGES OF 14,493 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON TUESDAY 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 ZERO T.A.S. LIQUIDATION DURING THE TUESDAY COMEX SESSION. WE HAD A HUMONGOUS 10,184 T.A.S. ISSUANCE TUESDAY NIGHT.
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!IT SURE LOOKS LIKE THE BIS HAS GIVEN THE FED ITS MARCHING ORDERS TO COVER ITS PHYSICAL GOLD SHORT AS TRUMP IS COMING INTO OFFICE IN 4 TRADING DAYS. TRUMP WOULD PROBABLY BE FURIOUS WITH THE FED IF IT FOUND OUT THAT THEY (FRBNY) HAS BEEN MANIPULATING THE GOLD MARKET FOR THE PAST TWO YEARS.
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 TODAY.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW DEEP INTO THE NON ACTIVE DELIVERY MONTH OF JANUARY.… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A FAIR SIZED 1450 EFP CONTRACTS WERE ISSUED: : /FEB 1450 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 1450 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 VEWRY STRONG SIZED TOTAL OF 14,355 CONTRACTS IN THAT 1450 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A VERY STRONG SIZED GAIN OF 12,905 COMEX CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $14.50 TUESDAY// 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 TUESDAY NIGHT WAS A HUMONGOUS SIZED SIZED 10,184 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 MONDAY’S COMEX TRADING//RAID BUT NOT IN TODAY’S TRADING. HOWEVER NOT TO BE UNDONE, THE CROOKS ISSUED THEIR MONSTER 10,184 T.A.S CONTRACTS AND THIS WILL BE USED IN OUR NEXT RAID IN GOLD TRADING PROBABLY BEFORE TRUMP’S INAUGURATION.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JAN (25.510 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
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: 66.276TONNES (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: 19.757 TONNES + 5.753 EX FOR RISK/PRIOR = 25.510 TONNES
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $14.50/)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A VERY STRONG GAIN IN OUR TWO EXCHANGES. AS EXPLAINED ABOVE WE HAD ZERO T.A.S. SPREADER LIQUIDATION TUESDAY BUT DID HAVE A MONSTER ISSUANCE OF T.A.S. OF 10,184 CONTRACTS.
THE CROOKS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL TUESDAY EVENING.
EXCHANGE FOR RISK EXPLANATION/DECEMBER TRADING AND NOW JANUARY!!
36 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 ON MONDAY JAN 6/2025. THEN TO MY HORROR, THEY ISSUED THEIR SECOND EXCHANGE FOR RISK TOTALLING 150 CONTRACTS FOR 15000 OZ OR .4665 TONNES. THIS TONNAGE WILL BE ADDED TO THE FIRST ISSUANCE. THUS TOTAL EXCHANGE FOR RISK ISSUANCE FOR JANUARY: 5.7533 TONNES
TOTAL DELIVERIES JANUARY TRADING
WE HAVE GAINED A TOTAL OF 45.08 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JAN (10.133TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S MONSTER QUEUE JUMP OF 543 CONTRACTS OR 54300 OZ (1.688 TONNES) TO WHICH WE MUST ADD OUR 5.7533 TONNES OF EXCHANGE FOR RISK ISSUANCE WHERE THE BUYERS ASSUMES THE RISK FOR DELIVERY.(ISSUED JAN 6/2025 AND JAN 8)
NEW STANDING FOR JAN: 19.757 TONNES + 5.753 TONNES EX FOR RISK/PRIOR = 25.510 TONNES (WHICH IS HUGE FOR OUR VERY ACTIVE DELIVERY MONTH)
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR GAIN IN PRICE TO THE TUNE OF $14.40
WE HAD 138 CONTRACTS ADDED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES 14,493 CONTRACTS OR 1,449,300 OZ (45.08 TONNES)
confirmed volume TUESDAY 192,387 contracts: weak ////nobody wishes to play with the crooks
ii) Brinks Enhanced: 4828.293 oz (12 london good delivery bars each london bar around 400. oz each)
total deposit 133,432.293 oz
No of oz served (contracts) today
1710 notice(s) 171, 000 OZ 5.319 TONNES
No of oz to be served (notices)
716 contracts 71,600 OZ 2.227 TONNES
Total monthly oz gold served (contracts) so far this month
5636 notices 563600 oz 17.530 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 2 customer deposit
128,604.00 Brinks 4000 kilobars
ii) Brinks Enhanced: 4828.293 oz (12 london good delivery bars each london bar around 400. oz each)
total deposit133,432.293 oz
withdrawals: 0
adjustments:2
a) added into eligible 960.503 oz
b) adjustment customer to dealer Manfra 195.707 oz
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JAN.
For the front month of JAN: we have an oi of 2426 contracts having GAINED A HUGE 466 contracts. We had a strong 77 contract issuance on TUESDAY. Thus ANOTHER MONSTER QUEUE JUMP (GAIN) of 543 contracts on our two exchanges. (54,300 oz or 1.688 tonnes)
FEBRUARY GAINED 2939 CONTRACTS TO 325,225 .
MARCH HAD A GAIN OF 54 CONTRACTS UP TO 190
APRIL HAD A GAIN OF 8373 CONTRACTS UP TO 83,281 CONTRACTS
We had 1710 contracts filed for today representing 171,000 oz
This is a huge major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 1710 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 99 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 (5636 x 100 oz ) to which we add the difference between the open interest for the front month of JAN(2476 CONTRACTS) minus the number of notices served upon today (1710 x 100 oz per contract( equals 635200 OZ OR 19.757 TONNES. to which we add those criminal exchange for risk issuance of .4665 TONNES TO 5.28775 tonnes/PRIOR//TOTAL EXCHANGE FOR RISK = 5.753 TONNES. THUS NEW STANDING FOR GOLD AT THE COMEX FOR JAN IS 25.510 TONNES
thus the INITIAL standings for gold for the JAN contract month: No of notices filed so far (5636 x 100 oz +we add the difference for front month of JAN (2426 OI} minus the number of notices served upon today (1710 x 100 oz which equals 635200 oz (19.757 TONNES) + 5.753 tonnes ex for risk today +/PRIOR = 25.510
TOTAL COMEX GOLD STANDING FOR JAN.: 25.510 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR.
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 22,106.900.597 OZ
TOTAL REGISTERED GOLD 9,043,081.466 oz or 281.27 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 13,063.819.091 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,911,248 oz (REG GOLD- PLEDGED GOLD)= 214.96 tonnes //
JPMorgan enhanced inventory is 3.592 million oz/1,877,000 oz = 19.15% of entire inventory..
END
SILVER/COMEX
JAN 8. 2025
INITIAL
//2024// THE JAN 2025 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
nil
.
Deposits to the Dealer Inventory
NIL
Deposits to the Customer Inventory
i) Into Brinks 1613,867.100 oz ii) Into Loomis: 902,168.580 oz
total deposit 2,516,035.680
No of oz served today (contracts)
56 CONTRACT(S) (280,000 OZ)
No of oz to be served (notices)
100 contracts (0.500 MILLION oz)
Total monthly oz silver served (contracts)
1544 Contracts (7.720 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:2
i) Into Brinks 1613,867.100 oz ii) Into Loomis: 902,168.580 oz
total deposit 2,516,035.680
WITHDRAWALS:
NIL
total withdrawal: NIL oz
ADJUSTMENT
CUSTOMER ACCOUNT TO DEALER MANFRA: 257,371.389 OZ
JPMorgan has a total silver weight: 135.532million oz/322.281million or 42.15%
TOTAL REGISTERED SILVER: 73.499 MILLION OZ//.TOTAL REG + ELIGIBLE. 322.563 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JANUARY
silver open interest data:
FRONT MONTH OF JAN /2024 OI: 156 OPEN INTEREST FOR A LOSS OF 178 CONTRACT(S).
WE HAD 184 CONTRACT ISSUANCE ON TUESDAY. THUS WE GAINED A SMALL 6 CONTRACTS, THAT IS WE HAD A 6 CONTRACT QUEUE JUMP FOR 30,000 OZ AS THE BOYS WILL TRY THEIR LUCK FINDING SILVER OVER ON THIS SIDE OF THE POND.
FEBRUARY SAW A GAIN 0F 4 CONTRACTS TO STAND AT 673
MARCH SAW A LOSS OF 193 CONTRACTS DOWN TO 119,182
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 56 for 280,000 oz
CONFIRMED volume; ON TUESDAY 57,281 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 1544x 5,000 oz = 7.72 MILLION oz
to which we add the difference between the open interest for the front month of JAN (156) and the number of notices served upon today (56)x (5000 oz)
Thus the standings for silver for the JAN 2025 contract month: 1544 Notices served so far) x 5000 oz + OI for the front month of JAN(156) minus number of notices served upon today (56)x 5000 oz equals silver standing for the JAN contract month equating to 8.2200 MILLION OZ.
New total standing: 8.220 million oz.
There are 73.242 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 8 WITH GOLD UP $5.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD::A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 871.08 TONNES
JAN 7 WITH GOLD DOWN $14.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
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: 871.08 TONNES, TONIGHTS TOTAL
SILVER
JAN 8 WITH SILVER DOWN $0.01 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.484 MILLION OZ OUT OF THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 7 WITH SILVER UP 48 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 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 459.353 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
There have been some epic hyperinflations over the centuries, but none was as brutal — and consequential — as Germany’s in the early 1920s. Here’s a quick Chat GPT summary followed by some graphic images and a list of lessons the world should have — but apparently hasn’t — learned:
Context of Post-World War I Germany:
After Germany’s defeat in World War I in 1918, the Weimar Republic was established, inheriting the country’s economic and political turmoil. The Treaty of Versailles (1919) placed heavy reparations on Germany, requiring it to pay significant war damages to the Allied powers. This placed a huge strain on the country’s economy.
War Debt and Reparations:
In the aftermath of the war, Germany’s government struggled to meet its financial obligations. The Weimar government resorted to printing more money to cover deficits, which contributed to inflation. Additionally, the reparations payments demanded by the Allies further drained the nation’s resources.
The Ruhr Occupation (1923):
In response to Germany’s failure to meet its reparations payments in 1922, France and Belgium occupied the Ruhr Valley, the heart of Germany’s industrial production. In protest, German workers in the region went on strike, and the government continued to print money to support them. This action significantly worsened inflation.
Hyperinflation Escalates (1921-1923):
In 1921, inflation began to accelerate as the government printed more and more money. By 1923, inflation had spiraled out of control, with the value of the German mark plummeting. Prices for goods and services soared. People needed wheelbarrows full of currency just to buy basic necessities, and the value of savings vanished almost overnight.
In January 1923, the exchange rate was approximately 18,000 marks to 1 US dollar. By November 1923, it had risen to 4.2 trillion marks to 1 US dollar.
Daily life became chaotic, with businesses and workers adjusting prices constantly. People resorted to bartering, and foreign currencies like the US dollar or the French franc became more stable than the mark.
Impact on Society:
Middle Class Hardships: The middle class was hardest hit, as savings and pensions were wiped out. Many families saw their life savings evaporate, leading to widespread poverty and a collapse in confidence in the Weimar government’s ability to manage the economy.
Social Unrest: The hyperinflation fueled social unrest. There were strikes, protests, and political extremism. People lost faith in the Weimar Republic, and some turned to more radical solutions, including support for both left-wing and right-wing extremist movements (e.g., the Nazi Party).
Resolution and Stabilization:
The crisis was finally brought under control in late 1923 with the introduction of a new currency, the Rentenmark, which was backed by land and industrial resources rather than gold. The Rentenmark was introduced in November 1923 and helped restore some confidence in the German economy. This marked the end of the hyperinflation crisis and allowed for economic recovery in the following years, although the scars left on society and politics remained.
Legacy of Hyperinflation:
The hyperinflation of the Weimar Republic left lasting consequences:
It contributed to the eventual collapse of the Weimar Republic and the rise of Adolf Hitler and the Nazi Party, which capitalized on widespread discontent.
The memory of hyperinflation created a deep mistrust of paper currency and government economic management in Germany.
The instability helped foster extremist political movements, as people sought radical solutions to their financial woes.
In summary, the hyperinflation of the Weimar Republic was the result of a combination of war reparations, political instability, and economic mismanagement. It devastated the German economy, undermined public trust in the government, and played a crucial role in the events that led to the rise of Nazism in Germany.
Graphic Consequences
Here’s what gold did in Germany during this time. As the currency became worthless, sound money became priceless:
German citizens who trusted their government and held large amounts of currency ended up taking wheelbarrows full of the stuff to buy groceries and, as seen below, burning currency in furnaces for heat.
Lessons
There’s a limit to how much new currency a nation can create before people give up on it. At that point, it quickly becomes worthless, and the things valued in it — gold, real estate, food — soar in local currency terms. So if you think $2600/oz gold is expensive, revisit the last two years on the above chart.
The cultural consequences of wiping out an entire generation’s savings include a loss of trust in government institutions and a willingness to follow strong leaders who promise to do whatever it takes to stop the bleeding. Hence, Hitler.
The US tried a mini-version of this “print like crazy and hope for the best” strategy during the pandemic and got its first taste of near-double-digit inflation in 40 years. With current budget deficits at record highs and interest rates moving up despite Fed easing, the next crisis might be — like Germany in 1920 — an existential fork in the road.
END
3. CHRIS POWELL AND GATA DISPATCHES
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
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING WEDNESDAY MORNING TUESDAY NIGHT
SHANGHAI CLOSED UP 0.52 PTS OR 0.02%
//Hang Seng CLOSED DOWN 167.74 PTS OR 0.86%
// Nikkei CLOSED DOWN 102.24 OR 0.02%//Australia’s all ordinaries CLOSED UP 0.66%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.3582 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3589// Oil UP TO 74.82 dollars per barrel for WTI and BRENT UP AT 77.47 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING AT LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS WEDNESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN AT 7.3582
OFFSHORE YUAN: DOWN TO 7.3589
SHANGHAI CLOSED CLOSED UP 0.52 PTS OR 0.02%
HANG SENG CLOSED CLOSED DOWN 167.74 PTS OR 0.86%
2. Nikkei closed DOWN 102.24PTS OR 0.25%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX UP TO 109.02 EURO FALLS TO 1.0294 DOWN 49 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1.117 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 158.33…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and 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 +2.5195 Italian 10 Yr bond yield UP to 3.667 //SPAIN 10 YR BOND YIELD UP TO 3.184
3i Greek 10 year bond yield UP TO 3.284
3j Gold at $2662.50/Silver at: 30.33 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 2 AND 67/100 roubles/dollar; ROUBLE AT 105.88
3m oil into the 74 dollar handle for WTI and 77 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 158.33 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.1170% 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 0.9114 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9378 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.
USA 10 YR BOND YIELD: 4.714 UP 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.965 UP 3 BASIS PTS/
USA 2 YR BOND YIELD: 4.306 UP 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.38…
10 YR UK BOND YIELD: 4.8380 UP 11 PTS
10 YR CANADA BOND YIELD: 3.372 UP 7 BASIS PTS
5 YR CANADA BOND YIELD: 3.072 UP 7 PTS.
2a New York OPENING REPORT
Futures Slump As Yields, Dollar Soar
by Tyler Durden
Wednesday, Jan 08, 2025 – 08:13 AM
US equity futures were already rolling over following yesterday’s momentum-driven rout, when a the latest report out of CNN (a polar opposite to the just as fake news from WaPo earlier this week, but fake nonetheless) claiming that Trump was “considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries” sent the dollar surging, all other G-20 currencies plunging, and sparked a broad selloff across risk assets. As of 8:00am ET, S&P futures were down 0.2%, bouncing from session lows of -0.4%, and reversing a gain of 0.4% earlier in the session; Nasdaq futures were hurting more, sliding 0.6% as many of the recent best performers were sold off hard, and none more so than quantum computers which were down about 20% as a group in premarket trading; the Mag7 was also largely red )Apple -0.5%, Nvidia +0.1%, Microsoft -0.09%, Alphabet -1%, Amazon -0.07%, Meta Platforms -0.9% and Tesla -1%). Europe’s Stoxx 600 Index lost 0.4% and Asian stocks slumped, with China tumbling as usual. Meanwhile, bonds extended their ongoing selloff, with the 10Y rising to 4.72% and triggering Goldman’s VaR shock threshold of a 60bps increase in 1 month. In the UK, 10-year bond yields rose to their highest since 2008 and the 30-year inflation-linked note is now yielding more than 2%, the most since the Truss crisis of 2022 as fears spread that Keir’s spending plans will spark a fiscal disaster.
In premarket trading Quantum stocks tumbled after Nvidia CEO Jensen Huang said that “very useful” quantum computers are likely decades away. Quantum Computing (QUBT) -20%, D-Wave Quantum (QBTS) -21%, Rigetti Computing (RGTI) -23%, IonQ (IONQ) -13%. Sana Biotechnology (SANA) soars 232% after the company reported positive data from a study of its treatment of type 1 diabetes. Here are some other notable premarket movers:
AAR (AIR) rises 3% after the provider of aviation services and parts posted fiscal 2Q sales that soared past estimates.
Flutter (FLUT) slips 2% after the gambling firm cut its guidance for US preliminary revenue 2024 due to the impact of US sports results in the fourth quarter.
Health Catalyst (HCAT) climbs 5% as KeyBanc turned bullish, saying the stock’s valuation is deeply discounted.
Jasper Therapeutics (JSPR) falls 41% after posting data from the Beacon study of briquilimab.
Olo (OLO) slips 5% after Piper Sandler downgraded the restaurant software firm, flagging concern about the 2025 outlook amid executive changes and workforce cuts.
Palo Alto Networks (PANW) declines 2% after the security software received a pair of analyst downgrades.
S&P 500 figures started spiking lower just after 6 a.m. New York time following a report from CNN that Trump is considering declaring a national economic emergency to push through his tariff plans. Europe’s Stoxx 600 Index lost 0.4% and bond yields increased.
“Higher Treasury yields are a cause for concern for equity investors, especially when combined with speculation on what Trump may do,” said Lilian Chovin, head of asset allocation at Coutts & Co. in London. “Our view is that markets can digest higher yields, provided they are driven by stronger growth rather than inflation. In the near term it will be a challenge for risk assets.”
Amundi SA, Europe’s largest asset manager, sees a “reasonable” chance that the yield on 10-year Treasuries will again test the key level of 5%, a milestone only reached a handful of times over the past two decades. Citigroup’s wealth division also said a return to 5% — while not its base case — would offer a “really appealing” level at which to add. The yield was just under 4.70% on Wednesday.
Meanwhile, equity traders are bracing for further volatility over the coming weeks. “These first trading days have been a good overview of what could happen this year,” said Mabrouk Chetouane, head of global market strategy at Natixis Investment Managers. “Inflation, tariffs, Trump, growth, monetary policy — all these concerns could bring uncertainty.” Credit supply is also continuing after corporations and banks globally have raised roughly $111 billion this year through Tuesday. Spreads of corporate bonds remain near their lowest post-financial crisis level, despite the volatility in government debt.
In Europe stocks also reversed earlier gains, and what was a 0.4% rise has reversed into a 0.4% loss for the Stoxx 600 with financial services and banks leading gains. Here are the biggest movers Wednesday:
Novo Nordisk gains as much as 2.4% after being upgraded to buy from neutral at UBS, which said shares in the Danish drugmaker are at an “attractive entry point” following an “overdone” selloff
LSEG rises as much as 3.2% after making it on the list BofA’s “25 stocks for 2025” and the bank is adding it to a European list of top ideas, say analysts
Vallourec jumps as much as 7.4%, after the French tube manufacturer announced it hit a target of zero net debt one year ahead of plan and is now ready to return capital to shareholders starting in 2025
BCP shares advance 5.3%, rising to the highest level since May 2016, after JP Morgan raised the recommendation on the Portuguese lender to overweight from neutral on positive earnings momentum and generous payout
Heidelberg Materials rally as much as 3.4% after analysts at BofA Global Research raised their price target on the building materials company, naming it one of its “25 stocks for 2025”
Pluxee surges as much as 14% to the highest in four months after the employee benefits and motivation solutions firm beat analyst expectations for the first quarter
European wind power-related stocks fall on Wednesday after President-elect Donald Trump said he would seek to prevent the construction of wind farms during his second term, threatening billions of dollars in planned projects
Shell shares decline as much as 2% after 4Q trading update shows weakness across several divisions and may cause cuts in consensus expectations, RBC says in a note
InterContinental Hotels Group slips as much as 1.6%, to trade at the lowest in six weeks, after Morgan Stanley downgraded the stock to underweight from equalweight
Trigano falls as much as 7.9% in Paris, the most in about seven months, after the leisure-vehicle manufacturer reported a year-on-year revenue decline
Asian stocks dropped as concerns over a delay in further Federal Reserve interest-rate cuts weighed on sentiment. Tech shares tracked their US peers lower. The MSCI Asia Pacific Index fell as much as 0.8%, with TSMC and Tencent among the biggest drags. A drop in US big tech after Nvidia’s product presentation failed to lift near-term prospects weighed on Asian chipmakers. Samsung Electronics bucked the trend after Nvidia’s founder expressed confidence in the Korean company.
In FX, the Bloomberg Dollar Spot Index rises 0.3% while the Swedish krona sits at the bottom of the G-10 FX leader board, falling 0.4% against the greenback after CPI surprised to the downside.
In rates, treasury futures saw continued downside pressure into early US session, reaching day’s lows amid bigger selloff in core European rates and after CNN reported that Trump was seeking an emergency declaration to push through tariffs. UK gilts led losses, with 10-year yields reaching highest level since 2008. US yields are cheaper by 1bp-3bp across maturities near session highs; 10-year, higher by 2.5bp near 4.71%, outperforms UK 10-year by about 7bp as persistent inflationary pressure continues to rattle UK markets; UK 10-year yield climbed more than 10bp to 4.789%. This week’s Treasury auction cycle concludes at 1pm New York time with $22 billion 30-year bond reopening; Tuesday’s 10-year note sale tailed slightly, by 0.2bp, as it drew highest yield since 2007. Corporate new-issue calendar is empty so far and expected to remain muted for the rest of the week after 33 offerings were priced on the past two days, topping dealers’ full-week forecasts for about $50 billion. Potential issuers today include refiner HF Sinclair, which held fixed-income investor calls Tuesday. US session includes December ADP employment change, weekly jobless claims and 30-year bond reopening poised to draw highest yield since 2007.
In commodities, oil prices advance, with WTI rising 0.8% to $74.80 a barrel. Spot gold adds $6 to $2,655/oz. Bitcoin falls below $96,000.
US economic data calendar includes December ADP employment change (8:15am), jobless claims (8:30am), November wholesale inventories (10am) and consumer credit (3pm). Fed speaker slate includes Waller at 8am; FOMC releases minutes from Dec. 18 meeting at 2pm
Market Snapshot
S&P 500 futures up 0.2% to 5,968.50
STOXX Europe 600 up 0.2% to 515.48
MXAP down 0.6% to 180.83
MXAPJ down 0.6% to 568.23
Nikkei down 0.3% to 39,981.06
Topix down 0.6% to 2,770.00
Hang Seng Index down 0.9% to 19,279.84
Shanghai Composite little changed at 3,230.17
Sensex down 0.1% to 78,107.00
Australia S&P/ASX 200 up 0.8% to 8,349.15
Kospi up 1.2% to 2,521.05
German 10Y yield up 3 bps at 2.51%
Euro down 0.2% to $1.0322
Brent Futures up 0.8% to $77.67/bbl
Gold spot up 0.2% to $2,654.04
US Dollar Index up 0.29% to 108.86
Top Overnight News
China will subsidize more consumer products and boost funding for industrial equipment upgrades to boost domestic consumption. Meantime, the PBOC set its yuan reference rate at the strongest compared to estimates since April. BBG
Yields on China’s 10-year sovereign debt hit record lows despite Beijing’s recent stimulus announcements, suggesting growing concern the nation will fail to avoid a deflationary spiral mirroring 1990s Japan. BBG
The Bank of Japan will likely keep raising interest rates in the coming years as inflation appears on track to sustainably hit its 2% target, said former governor Haruhiko Kuroda. RTRS
Samsung shares rose after Nvidia CEO Jensen Huang expressed confidence in the company’s ability to resolve technical issues producing a new type of memory chip for AI systems. BBG
Europe is pushing back against Trump. Describing Greenland as European territory, French Foreign Minister Jean-Noel Barrot warned him against threatening the EU’s sovereign borders. And the EU’s industry chief called on the bloc to defend itself against protectionist measures. BBG
German economic data for Nov falls short of expectations, including retail sales (-0.6% M/M vs. the Street +0.5%) and factory orders (-5.4% M/M vs. the Street -0.2%). BBG
President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries, four sources familiar with the matter told CNN, as Trump seeks to reset the global balance of trade in his second term. CNN
Oil gained as an industry report pointed to a seventh weekly draw in US stockpiles. Inventories at the key hub in Cushing also slumped — by 3.1 million barrels — the API is said to have reported. That would be the biggest drop since August 2023 if confirmed by the EIA today. BBG
Microsoft plans job cuts across the company soon, targeting underperforming employees. Business Insider
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data. ASX 200 gained amid strength in mining stocks and the top-weighted financial sector, while participants digested mixed monthly inflation data in which the Weighted CPI reading topped forecasts, but the annual trimmed mean figure softened. Capital Economics suggested would provide greater confidence the RBA is on track to meet its inflation mandate if it the result is replicated in the quarterly figures due later this month. Nikkei 225 gradually nursed the majority of its opening losses and reclaimed the key 40,000 level. Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest press briefing in Beijing where the NDRC announced to expand the scope of home appliance trade-ins eligible for subsidies, while frictions lingered with China’s MOFCOM voicing criticism over recent US restrictions on Chinese companies.
Top Asian News
NDRC Vice Chairman announces loan discounts for equipment upgrades and expansion of trade-in program to include more consumer goods, while the number of types of household appliances eligible for recycling subsidies to increase from 8 to 12 with a maximum subsidy of 20% of the sales price for each item. NDRC said it will allocate special funds to support the recycling and treatment of waste electrical and electronic products, as well as include microwaves, water purifiers, dish-washing machines and rice cookers in the consumer goods trade-in subsidy scope. Furthermore, it will subsidise smartphones for up to 15% of the price and will support equipment upgrades of information technology, safe production and agriculture equipment.
Chinese Finance Ministry official said the government has allocated CNY 81bln for consumer goods trade-ins so far this year, while a PBoC official stated they will step up financial support for private and small firms in equipment upgrades with the central bank allocating CNY 100bln of loans for select small technology firms.
China condemned the US military blacklisting of Chinese companies and called on the US to immediately address its misconduct, while it said the US is endangering the stability of the global supply chain.
China PCA December Prelim Retail Passenger Vehicle Sales +9% M/M (prev. +7.1%); +11% Y/Y (prev. 16.5%)
European bourses initially opened with a slight negative bias, taking impetus from a mostly negative APAC session. Soon after the cash open, sentiment improved in Europe, to currently display a modestly firmer picture, with only a couple of indices residing in the red. European sectors are mixed, with no clear out/underperformer in the session thus far. Financial Services lead, followed closely by Banks. Energy is found at the foot of the pile, with losses fuelled by Shell after it trimmed its Q4 production guidance. US equity futures are modestly firmer across the board, in an attempt to recoup some of the hefty losses seen in the prior session, which were sparked by hotter-than-expected US ISM Services and JOLTS Job Openings figures.
Top European News
Banca Ifis Bids for Illimity Amid Italian Consolidation Wave
UK Prepares to Sell New Five-Year Bonds as Borrowing Costs Surge
IPT: Indonesia EUR Benchmark; 8Y MS+170 Area, 12Y MS+195 Area
Novo Nordisk Gains After UBS Upgrade on ‘Attractive’ Entry Point
FX
USD is continuing the strength from Tuesday which was facilitated by the hot ISM Services PMI data and as JOLTS data topped analysts’ forecast range. DXY re-approaches 109.00 to the upside (in a current 108.55-96 range). Attention now turns to the FOMC Minutes, ADP Employment and Initial Jobless Claims data.
EUR attempted to regain some composure overnight after its slide beneath the 1.0400 level before feeling more pressure from the continued rebound in the USD. German Retail Sales were mixed, whilst Industrial Orders were downbeat, but did have some caveats (details in the data section below). EUR/USD resides in a 1.0311-57 range with downside levels including the 6th Jan low (1.0294).
JPY traded indecisively overnight with USD/JPY on both sides of the 158.00 level amid a quiet data calendar for Japan and the mixed risk tone. Similar price action in Europe with the current intraday parameter between 157.91-158.32, with the pair eyeing yesterday’s highs (158.42).
GBP is subdued in tandem with G10 counterparts on the back of the stronger USD. GBP/USD resides in a current 1.2441-94 range with the next downside level the 6th Jan low (1.2410).
Antipodeans are feeling pressure from the firmer greenback and in the absence of major newsflow this morning. AUD/USD was choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from the previous. AUD/USD trades within 0.6213-42 and NZD/USD within 0.5613-41.
SEK is modestly weaker after softer-than-expected consumer inflation metrics across the board. Following December’s CPIF (cooler than expected) and the Minutes from the December meeting CapEco now expects the Riksbank to cut by 25bps in January (prev. exp. March).
PBoC set USD/CNY mid-point at 7.1887 vs exp. 7.3435 (prev. 7.1879).
Fixed Income
USTs are contained into a front-loaded US session on account of the Federal Holiday for Carter on Thursday. As such, we get ADP, Jobless Claims, FOMC Minutes and 30yr supply in today’s session. Into those events, USTs trade within a slim 108-04 to 108-09+ band which is entirely and comfortably within Tuesday’s 108-01 to 108-20 parameters. Ahead, US ADP, Jobless Claims ahead of speak from Fed’s Waller and then the release of the FOMC Minutes. Additionally, we await a 30yr supply which follows a tepid 3yr tap on Monday and a relatively soft 10yr outing last night.
Bunds are similarly contained but with a slightly larger 131.90-132.14 range thus far with modest but ultimately fleeting action spurred by data this morning. A particularly soft Industrial Orders release and a mixed but largely weak Retail Sales report out of Germany sparked upside in Bunds early doors, to a retest of the above overnight peak; however, the move proved fleeting given large-order caveats to the Industrial Orders series. A 2035 outing had limited impact on Bunds.
BTPs are the relative outperformers today after lagging yesterday on the announcement of two new syndications; this morning, we have seen marketing commence for a new 10yr BTP and a new 20yr Green BTP with orders in excess of EUR 125bln and EUR 110bln respectively.
Gilts traded off highs in a 91.29-58 range ahead of a new 2030 auction; an outing which was mixed, with the b/c printing bang on 3.0 whilst the avg. yield is relatively high and a modestly wider tail, but ultimately had little impact on Gilts.
UK sells GBP 4.25bln 4.375% 2030 Gilt Auction: b/c 3.0x, average yield 4.490% & tail 0.5bps.
Germany sells EUR 3.781bln vs exp. EUR 5bln 2.00% 2035 Bund Auction: b/c 2.1x, average yield 2.51% & retention 24.38%
Orders for Italy’s new 10yr BTP bond over EUR 125bln, for 20yr Green BTP over EUR 110bln, via Reuters citing leads; spread for 10yr +7bps, for 20yr +5bps.
Commodities
Firmer trade in the crude complex despite the stronger Dollar, and extended on the prior day’s gains with upside seen after the latest private sector inventory data showed a larger-than-expected draw in headline crude. The complex saw additional upside in the European morning after reports that Ukraine had hit a Russian oil depot which served a military airfield, according to Ukraine’s Presidential Advisor. Brent Mar is currently just off highs in a USD 77.23-77.89/bbl parameter.
Mixed trade across precious metals with spot gold and silver firmer whilst palladium trades flat/subdued. Spot gold trades in a current USD 2,645.40-2,654.90/oz range.
Copper is on a firmer footing despite the stronger Dollar after the red metal lacked firm direction amid the mixed risk appetite in Asia and the subdued mood in China. 3M LME copper currently resides in a USD 8,983.00-9,056.00/t range.
Qatar set February Marine Crude OSP at Oman/Dubai + USD 0.45/bbl and Land Crude OSP at Oman/Dubai + USD 0.30/bbl.
Shell (SHEL LN) Cuts Q4 Integrated Gas Production 880-820k boepd (prev. guided 900-960k boepd), LNG Volumes 6.8-7.2Mt (prev. guided 6.9-7.5Mt); optimisation results are exp. to be significantly lower than Q3’24. Guides Q4 Upstream: Production 1.79-1.89mln boepd, Underlying Opex USD 2.2-2.8bln. Guides Q4 Chemicals and Products: Refining Utilisation 74-78%.
India has cut November gold imports by USD 5bln in the biggest revision, via Reuters citing sources; revised to USD 9.84bln (prev. estimated 14.86bln)
China may trim fuel imports amid the 2025 tax hike, according to Reuters sources.
India are looking at 2 new blocks in Jammu and Kashmir for Lithium exploration, according to Govt. sources.
Geopol
Venezuelan President Maduro said two US nationals were arrested as part of a group of seven mercenaries. It was separately reported that the Biden administration is set to roll out new sanctions against Venezuelan President Maduro’s regime this week ahead of the Venezuelan Presidential Inauguration, according to an Axios reporter.
US Event Calendar
07:00: Jan. MBA Mortgage Applications
08:15: Dec. ADP Employment Change, est. 139,000, prior 146,000
08:30: Dec. Continuing Claims, est. 1.86m, prior 1.84m
08:30: Jan. Initial Jobless Claims, est. 215,000, prior 211,000
10:00: Nov. Wholesale Trade Sales MoM, est. 0.2%, prior -0.1%
10:00: Nov. Wholesale Inventories MoM, est. -0.2%, prior -0.2%
14:00: Dec. FOMC Meeting Minutes
15:00: Nov. Consumer Credit, est. $10.5b, prior $19.2b
DB’s Jim Reid concludes the overnight wrap
Morning from Copenhagen at an interesting time to be in Denmark, with the Danes currently in the crosshairs of Mr Trump as he vowed yesterday to “tariff Denmark at a very high level” if it didn’t give up control of Greenland. Asked if he would exclude the use of military force to obtain Greenland or separately take control of the Panama Canal he said “No, I can’t assure you on either of those two. But I can say this, we need them for economic security. We need Greenland for national security reasons.” So it will be interesting to hear the views of the locals today on this fascinating story. In fact in the unlikely event anyone is reading this in Greenland please feel free to get in touch! More from a remarkable Trump press conference later.
However, for wider markets it’s all about yields at the moment with some big or landmark moves again yesterday in a period where there continue to be doubts about whether the Fed can cut rates in 2025. A reminder that the DB house view post the election two months ago was that the Fed would have to be on hold for the whole of this year. Market pricing is catching that view up. The latest repricing had a few factors behind it, but the biggest was the ISM services print for December, where the prices paid indicator surged to its highest in almost two years, at 64.4. It’s true that the prices paid might not have the same impact as a CPI report, but it’s worth noting that a similar spike last January came right before some very strong US inflation prints in Q1 2024. And in turn, that led to a big reassessment of how quickly the Fed would cut rates, hence we saw such a big market reaction yesterday.
In terms of that reaction, Fed funds futures pushed back the likely timing of the next rate cut, with the probability of another cut by the March meeting falling from 44% on Monday to 41% by the close. And looking further out, the total amount of cuts priced by December’s meeting came down -1.6bps on the day to 37.5bps. But the bigger sell off came at the long end, with the 10yr Treasury yield (+5.5bps) closing at its highest since April, at 4.69%. In fact, yesterday’s Treasury auction saw the highest issue yield for a 10yr auction since 2007, at 4.68%. With the fresh steepening of the yield curve, the 2s10s curve moved up another +3.8bps to 39.0bps, which is the steepest it’s been since May 2022. And at the very long end, 30yr US yields (4.91%) have only been above 5% for six trading days in October 2023 since 2007 so we are in rarified air.
To be fair, it wasn’t just the prices paid indicator that led to that market reaction. For instance, the headline ISM services index was also stronger than expected at 54.1 (vs. 53.5 expected). On top of that, the JOLTS report for November showed job openings were up to a 6-month high of 8.098m (vs. 7.74m expected), so that helped to alleviate fears that labour demand was weakening. And in the background, oil prices were continuing to move higher, with Brent Crude closing at $77.05/bbl, which is the highest it’s been since October. So there were quite a few headlines that collectively pointed in a more hawkish direction.
The effects of that bond selloff were felt globally, and European yields also saw a significant rise in response to the US data. That included 10yr bunds (+3.4bps) which were up to 2.48%, and remaining on track for a 6th consecutive weekly rise. On the fiscal topic, this morning our economists published a blog (here) discussing the challenge Europe faces this year in plotting a course between ensuring fiscal stability and investing enough in growth and security.
In the meantime, gilts experienced some of the biggest losses, with 10yr gilt yields (+7.3bps) rising to their highest since October 2023, at 4.68%. And significantly, the 30yr gilt yield (+6.8bps) was up to 5.25%, which is its highest level since 1998. The problem for the UK government is that with yields where they currently are, they are close to breaching their own fiscal rules and as such may require additional tax rises.
The moves in European yields were mostly driven by the US data, as the European releases yesterday were much less eventful. Admittedly, we did get the Euro Area flash CPI print for December, but both headline and core CPI were in line with expectations, at 2.4% and 2.7% respectively. So there was little reaction in markets given they were in line with expectations, and the ECB is still widely expected to cut by another 25bps at their next meeting in just over three weeks’ time. However, one piece of news came from the German number, which was corrected to show a 2.8% inflation print on the EU-harmonised measure, not the 2.9% number that was reported the previous day. Imagine the potential market pandamonium if US CPI got corrected the day after a higher than expected print.
With bonds struggling across the board, equities also took a hit amid higher rates as well as a negative turn in tech sentiment. That saw the S&P 500 give up its opening gain to close -1.11% lower, its worst day since the rout that followed the hawkish Fed rate cut in December. The decline was led by steep losses for the Magnificent 7 (-2.53%), which came as Nvidia (-6.22%) was the second-worst performer in the S&P 500 following the announcement of new chips the previous evening. The product launch was impressive but left the market seemingly wanting more. Tesla (-4.06%) and Palantir (-7.81%), two of the tech companies that have gained since Trump’s election, were also among the five worst performers in the S&P 500. Outside of tech, the losses were more moderate, with the equal-weighted S&P down -0.33%. And over in Europe, there was a stronger performance, with the STOXX 600 up +0.32%.
Turning back to Trump’s press conference, his other headline-grabbing comments included demanding NATO countries spend 5% of GDP on defence, suggesting that the US could use “economic force” to absorb Canada and saying that he plans to rename the Gulf of Mexico to the Gulf of America. So plenty of US foreign policy uncertainty for investors to digest, especially on trade as the theme of tariffs again made a repeated appearance. On the economy front, Trump said that the outgoing administration had left a situation where “inflation is continuing to rage and interest rates are far too high”.
Asian equity markets are mostly trading lower this morning with Chinese stocks leading losses with the Hang Seng (-1.59%) trading notably lower while the CSI (-1.49%) and the Shanghai Composite (-1.46%) are extending their previous session losses after the US blacklisted major Chinese tech firms allegedly aiding Beijing’s military. Elsewhere, the Nikkei (-0.24%) is also seeing minor losses after clocking strong gains in the previous session. Elsewhere, the KOSPI (+1.11%) is outperforming as Samsung Electronics, the index heavyweight, has climbed over 3% as NVIDIA provided a vote of confidence in its ability to deliver through its current technical problems. This has offset disappointing results overnight.
Additionally, the S&P/ASX 200 (+0.93%) is also edging higher as trimmed mean inflation rate continues to fall, renewing hopes for a rate cut by the RBA. S&P 500 and NASDAQ futures are rebounding a bit, up +0.21% and +0.22% respectively.
Coming back to Australia, trimmed mean inflation for November came in at +3.2%, down from +3.5% in October. While this is still above the RBA’s inflation target of 2 to 3%, it is moving towards the range the central bank needs to cut rates and is softer than their quarterly projections from December. However, headline inflation rose from +2.1% to +2.3%. Meanwhile, yields on the policy sensitive 3yr government bonds fell -1.7bps to settle at 3.93%.
To the day ahead now, and data releases from the US include the ADP’s report of private payrolls for December, along with the weekly initial jobless claims. Meanwhile in Germany, we’ll get factory orders and retail sales for November. From central banks, we’ll get the minutes from the FOMC’s December meeting, and also hear from the Fed’s Waller and the ECB’s Villeroy.
.
2B) EUROPEAN REPORT
DXY rebounds & futures gain ahead of front-loaded US data and FOMC minutes – Newsquawk US Market Open
Wednesday, Jan 08, 2025 – 05:40 AM
European bourses climb modestly into the green after opening around flat, US futures gain.
DXY continues its rebound ahead of front-loaded US data, currently eyeing 109.00 to the upside.
Fixed benchmarks contained into a packed US session and 30yr supply.
Upside in crude, precious metals, and copper, despite a firmer Dollar.
Looking ahead, Highlights include US Jobless Claims, Wholesale Inventory and EIA Nat Gas Change (brought forward on account of the US Day of Mourning), ADP National Employment, Comments from Fed’s Waller, FOMC Minutes, Supply from the US, Earnings from Jefferies.
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EQUITIES
European bourses initially opened with a slight negative bias, taking impetus from a mostly negative APAC session. Soon after the cash open, sentiment improved in Europe, to currently display a modestly firmer picture, with only a couple of indices residing in the red.
European sectors are mixed, with no clear out/underperformer in the session thus far. Financial Services lead, followed closely by Banks. Energy is found at the foot of the pile, with losses fuelled by Shell after it trimmed its Q4 production guidance.
US equity futures are modestly firmer across the board, in an attempt to recoup some of the hefty losses seen in the prior session, which were sparked by hotter-than-expected US ISM Services and JOLTS Job Openings figures.
USD is continuing the strength from Tuesday which was facilitated by the hot ISM Services PMI data and as JOLTS data topped analysts’ forecast range. DXY re-approaches 109.00 to the upside (in a current 108.55-96 range). Attention now turns to the FOMC Minutes, ADP Employment and Initial Jobless Claims data.
EUR attempted to regain some composure overnight after its slide beneath the 1.0400 level before feeling more pressure from the continued rebound in the USD. German Retail Sales were mixed, whilst Industrial Orders were downbeat, but did have some caveats (details in the data section below). EUR/USD resides in a 1.0311-57 range with downside levels including the 6th Jan low (1.0294).
JPY traded indecisively overnight with USD/JPY on both sides of the 158.00 level amid a quiet data calendar for Japan and the mixed risk tone. Similar price action in Europe with the current intraday parameter between 157.91-158.32, with the pair eyeing yesterday’s highs (158.42).
GBP is subdued in tandem with G10 counterparts on the back of the stronger USD. GBP/USD resides in a current 1.2441-94 range with the next downside level the 6th Jan low (1.2410).
Antipodeans are feeling pressure from the firmer greenback and in the absence of major newsflow this morning. AUD/USD was choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from the previous. AUD/USD trades within 0.6213-42 and NZD/USD within 0.5613-41.
SEK is modestly weaker after softer-than-expected consumer inflation metrics across the board. Following December’s CPIF (cooler than expected) and the Minutes from the December meeting CapEco now expects the Riksbank to cut by 25bps in January (prev. exp. March).
PBoC set USD/CNY mid-point at 7.1887 vs exp. 7.3435 (prev. 7.1879).
USTs are contained into a front-loaded US session on account of the Federal Holiday for Carter on Thursday. As such, we get ADP, Jobless Claims, FOMC Minutes and 30yr supply in today’s session. Into those events, USTs trade within a slim 108-04 to 108-09+ band which is entirely and comfortably within Tuesday’s 108-01 to 108-20 parameters. Ahead, US ADP, Jobless Claims ahead of speak from Fed’s Waller and then the release of the FOMC Minutes. Additionally, we await a 30yr supply which follows a tepid 3yr tap on Monday and a relatively soft 10yr outing last night.
Bunds are similarly contained but with a slightly larger 131.90-132.14 range thus far with modest but ultimately fleeting action spurred by data this morning. A particularly soft Industrial Orders release and a mixed but largely weak Retail Sales report out of Germany sparked upside in Bunds early doors, to a retest of the above overnight peak; however, the move proved fleeting given large-order caveats to the Industrial Orders series. A 2035 outing had limited impact on Bunds.
BTPs are the relative outperformers today after lagging yesterday on the announcement of two new syndications; this morning, we have seen marketing commence for a new 10yr BTP and a new 20yr Green BTP with orders in excess of EUR 125bln and EUR 110bln respectively.
Gilts traded off highs in a 91.29-58 range ahead of a new 2030 auction; an outing which was mixed, with the b/c printing bang on 3.0 whilst the avg. yield is relatively high and a modestly wider tail, but ultimately had little impact on Gilts.
UK sells GBP 4.25bln 4.375% 2030 Gilt Auction: b/c 3.0x, average yield 4.490% & tail 0.5bps.
Germany sells EUR 3.781bln vs exp. EUR 5bln 2.00% 2035 Bund Auction: b/c 2.1x, average yield 2.51% & retention 24.38%
Orders for Italy’s new 10yr BTP bond over EUR 125bln, for 20yr Green BTP over EUR 110bln, via Reuters citing leads; spread for 10yr +7bps, for 20yr +5bps.
Firmer trade in the crude complex despite the stronger Dollar, and extended on the prior day’s gains with upside seen after the latest private sector inventory data showed a larger-than-expected draw in headline crude. The complex saw additional upside in the European morning after reports that Ukraine had hit a Russian oil depot which served a military airfield, according to Ukraine’s Presidential Advisor. Brent Mar is currently just off highs in a USD 77.23-77.89/bbl parameter.
Mixed trade across precious metals with spot gold and silver firmer whilst palladium trades flat/subdued. Spot gold trades in a current USD 2,645.40-2,654.90/oz range.
Copper is on a firmer footing despite the stronger Dollar after the red metal lacked firm direction amid the mixed risk appetite in Asia and the subdued mood in China. 3M LME copper currently resides in a USD 8,983.00-9,056.00/t range.
German Industrial Orders MM (Nov) -5.4% vs. Exp. 0.0% (Prev. -1.5%); Excluding large orders, incoming orders were 0.2% higher M/M.
German Retail Sales MM Real (Nov) -0.6% vs. Exp. 0.5% (Prev. -1.5%); YY Real (Nov) 2.5% vs. Exp. 1.9% (Prev. 1.0%)
Swedish CPIF Flash YY (Dec) 1.5% vs. Exp. 1.7% (Prev. 1.8%); Ex Energy Flash YY (Dec) 2.1% vs. Exp. 2.2% (Prev. 2.4%)
EU Economic Sentiment (Dec) 93.7 vs. Exp. 95.6 (Prev. 95.8, Rev. 95.6); Services Sentiment (Dec) 5.9 vs. Exp. 5.8 (Prev. 5.3); Consumer Confidence. Final (Dec) -14.5 vs. Exp. -14.5 (Prev. -14.5); Industrial Sentiment (Dec) -14.1 vs. Exp. -11.7 (Prev. -11.1, Rev. -11.4); Selling Price Expec (Dec) 7.6 (Prev. 7.1); Cons Infl Expec (Dec) 21.0 (Prev. 17.7, Rev. 17.8); Producer Prices YY (Nov) -1.2% vs. Exp. -1.3% (Prev. -3.2%, Rev. -3.3%); Producer Prices MM (Nov) 1.6% vs. Exp. 1.5% (Prev. 0.4%)
GEOPOLITICS
Venezuelan President Maduro said two US nationals were arrested as part of a group of seven mercenaries. It was separately reported that the Biden administration is set to roll out new sanctions against Venezuelan President Maduro’s regime this week ahead of the Venezuelan Presidential Inauguration, according to an Axios reporter.
CRYPTO
Bitcoin continues to slip and currently holds around the USD 95.5k mark; ETH also moved lower in tandem, currently USD 3.3k.
APAC TRADE
APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.
ASX 200 gained amid strength in mining stocks and the top-weighted financial sector, while participants digested mixed monthly inflation data in which the Weighted CPI reading topped forecasts, but the annual trimmed mean figure softened. Capital Economics suggested would provide greater confidence the RBA is on track to meet its inflation mandate if it the result is replicated in the quarterly figures due later this month.
Nikkei 225 gradually nursed the majority of its opening losses and reclaimed the key 40,000 level.
Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest press briefing in Beijing where the NDRC announced to expand the scope of home appliance trade-ins eligible for subsidies, while frictions lingered with China’s MOFCOM voicing criticism over recent US restrictions on Chinese companies.
NOTABLE ASIA-PAC HEADLINES
NDRC Vice Chairman announces loan discounts for equipment upgrades and expansion of trade-in program to include more consumer goods, while the number of types of household appliances eligible for recycling subsidies to increase from 8 to 12 with a maximum subsidy of 20% of the sales price for each item. NDRC said it will allocate special funds to support the recycling and treatment of waste electrical and electronic products, as well as include microwaves, water purifiers, dish-washing machines and rice cookers in the consumer goods trade-in subsidy scope. Furthermore, it will subsidise smartphones for up to 15% of the price and will support equipment upgrades of information technology, safe production and agriculture equipment.
Chinese Finance Ministry official said the government has allocated CNY 81bln for consumer goods trade-ins so far this year, while a PBoC official stated they will step up financial support for private and small firms in equipment upgrades with the central bank allocating CNY 100bln of loans for select small technology firms.
China condemned the US military blacklisting of Chinese companies and called on the US to immediately address its misconduct, while it said the US is endangering the stability of the global supply chain.
China PCA December Prelim Retail Passenger Vehicle Sales +9% M/M (prev. +7.1%); +11% Y/Y (prev. 16.5%)
DATA RECAP
Australian Weighted CPI YY (Nov) 2.3% vs. Exp. 2.2% (Prev. 2.1%)
Australian CPI Annual Trimmed Mean YY (Nov) 3.2% (Prev. 3.5%)
9592
2C ASIAN REPORT
APAC traded mixed following the subdued US handover, ADP & Jobless Claims ahead – Newsquawk Europe Market Open
Wednesday, Jan 08, 2025 – 01:46 AM
APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.
Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest NDRC press briefing in Beijing.
AUD/USD choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from previous.
European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.2% after the cash market closed with gains of 0.5% on Tuesday.
Looking ahead, highlights include US Jobless Claims, Wholesale Inventory and EIA Nat Gas Change (brought forward on account of the US Day of Mourning), German Retail Sales, EZ Economic Sentiment, US ADP National Employment, Comments from Fed’s Waller, FOMC Minutes, Supply from UK, Germany & US, Earnings from Jefferies.
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US TRADE
EQUITIES
US stocks saw broad-based weakness on Tuesday with underperformance in the Nasdaq 100 (-1.8%) with price action drive in the wake of a hot US ISM Services and JOLTS report in which the former beat expectations and was accompanied by a notable upside in the prices paid subcomponent, while JOLTS data surpassed the top end of analysts’ forecast range. The data weighed on treasuries and spurred a resurgence of the dollar which recouped its initial losses and more, to the detriment of all G10 FX peers.
SPX -1.11% at 5,909, NDX -1.79% at 21,173, DJIA -0.42% at 42,528, RUT -0.74% at 2,250.
US President-elect Trump said something will have to be done with Canada and Mexico trade and he flagged very serious tariffs on Mexico and Canada. Trump also said that interest rates are far too high and that he is ok with spending cuts, while he does not want to see a default and just wants to see an extension on the debt ceiling.
APAC TRADE
EQUITIES
APAC stocks traded mixed following the weak handover from Wall St where tech underperformed as yields climbed after the hot ISM Services and strong JOLTS data.
ASX 200 gained amid strength in mining stocks and the top-weighted financial sector, while participants digested mixed monthly inflation data in which the Weighted CPI reading topped forecasts, but the annual trimmed mean figure softened. Capital Economics suggested would provide greater confidence the RBA is on track to meet its inflation mandate if it the result is replicated in the quarterly figures due later this month.
Nikkei 225 gradually nursed the majority of its opening losses and reclaimed the key 40,000 level.
Hang Seng and Shanghai Comp were pressured with market participants underwhelmed by the latest press briefing in Beijing where the NDRC announced to expand the scope of home appliance trade-ins eligible for subsidies, while frictions lingered with China’s MOFCOM voicing criticism over recent US restrictions on Chinese companies.
US equity futures recouped some of the recent losses albeit with the recovery only modest amid the mixed risk tone in Asia.
European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.2% after the cash market closed with gains of 0.5% on Tuesday.
FX
DXY took a breather after strengthening yesterday on the back of the hot ISM Services PMI data and as JOLTS data topped analysts’ forecast range. There were also prior comments from Fed’s Barkin which provided very little new fresh insight, while the attention now turns to the FOMC Minutes, ADP Employment and Initial Jobless Claims data.
EUR/USD attempted to regain some composure after its slide beneath the 1.0400 level and with the single currency not helped by mixed inflation data.
GBP/USD struggled for direction after reverting to the sub-1.2500 territory and amid a lack of fresh UK-specific catalysts.
USD/JPY traded indecisively and on both sides of the 158.00 level amid a quiet data calendar for Japan and the mixed risk tone.
Antipodeans was ultimately flat with AUD/USD choppy following the latest monthly inflation data from Australia in which the Weighted CPI printed firmer than expected but the annual trimmed mean CPI softened from previous, while Capital Economics noted the data increases the risk that the RBA will begin rate cuts earlier than May.
PBoC set USD/CNY mid-point at 7.1887 vs exp. 7.3435 (prev. 7.1879).
FIXED INCOME
10yr UST futures remained subdued after slipping in the aftermath of the hot ISM Services and JOLTS data, while prices were also not helped by a soft 10yr auction.
Bund futures languished near the prior day’s lows beneath the 132.00 level ahead of supply and following the somewhat mixed EU inflation data.
10yr JGB futures tracked the recent losses in global counterparts while the BoJ also reduced the amounts in its rinban purchases as flagged in December.
COMMODITIES
Crude futures marginally extended on the prior day’s gains with upside seen after the latest private sector inventory data showed a larger-than-expected draw in headline crude and with Cushing stockpiles also at a draw, while gasoline and distillate both showed greater-than-expected builds.
Qatar set February Marine Crude OSP at Oman/Dubai + USD 0.45/bbl and Land Crude OSP at Oman/Dubai + USD 0.30/bbl.
Spot gold traded sideways with price action contained around USD 2,650/oz as participants awaited the FOMC Minutes and further employment-related metrics.
Copper futures lacked firm direction amid the mixed risk appetite in Asia and the subdued mood in China.
CRYPTO
Bitcoin continued on its pullback overnight beneath the USD 97,000 level.
NOTABLE ASIA-PAC HEADLINES
NDRC Vice Chairman announces loan discounts for equipment upgrades and expansion of trade-in program to include more consumer goods, while the number of types of household appliances eligible for recycling subsidies to increase from 8 to 12 with a maximum subsidy of 20% of the sales price for each item. NDRC said it will allocate special funds to support the recycling and treatment of waste electrical and electronic products, as well as include microwaves, water purifiers, dish-washing machines and rice cookers in the consumer goods trade-in subsidy scope. Furthermore, it will subsidise smartphones for up to 15% of the price and will support equipment upgrades of information technology, safe production and agriculture equipment.
Chinese Finance Ministry official said the government has allocated CNY 81bln for consumer goods trade-ins so far this year, while a PBoC official stated they will step up financial support for private and small firms in equipment upgrades with the central bank allocating CNY 100bln of loans for select small technology firms.
China condemned the US military blacklisting of Chinese companies and called on the US to immediately address its misconduct, while it said the US is endangering the stability of the global supply chain.
DATA RECAP
Australian Weighted CPI YY (Nov) 2.3% vs. Exp. 2.2% (Prev. 2.1%)
Australian CPI Annual Trimmed Mean YY (Nov) 3.2% (Prev. 3.5%)
GEOPOLITICS
MIDDLE EAST
Israeli Broadcasting Corporation published some details of the document submitted by Israel to negotiate with Hamas which includes a proposal to withdraw from the “Netzarim Corridor”, humanitarian aid, and release of prisoners in stages, according to Sky News Arabia. The aim of the agreement is to release all Israeli hostages held in the Gaza Strip and in exchange for the release of the hostages, Israeli forces will withdraw from the Gaza Strip and the Strip will be reconstructed, while an agreed number of Palestinian prisoners held by Israel would be released and sustainable calm will be restored, leading to a permanent ceasefire.
US President-elect Trump’s Middle East envoy Witkoff said they hope to have good things related to the Gaza hostage talks by the January 20th inauguration.
OTHER
US President-elect Trump said he can’t assure of either of the two when asked for assurance that he will not use military or economic coercion as he tries to get control over Greenland, while he would consider tariffs on Denmark over Greenland and cannot assure not using military or economic coercion on the Panama Canal.
Venezuelan President Maduro said two US nationals were arrested as part of a group of seven mercenaries. It was separately reported that the Biden administration is set to roll out new sanctions against Venezuelan President Maduro’s regime this week ahead of the Venezuelan Presidential Inauguration, according to an Axios reporter.
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
This is worrisome
(EpochTimes)
China’s Uptick In Respiratory Illness Sparks Concerns From Neighbors
A recent surge in respiratory infections in China has drawn attention from neighboring countries and regions, with the Chinese public expressing concerns about the severity of the new outbreak amid ongoing distrust of the ruling Chinese Communist Party’s (CCP’s) health reporting post-COVID.
Official data from the Chinese Center for Disease Control and Prevention, dated to the last week of 2024, reported that multiple flu-like illnesses are currently on the rise in China. The primary pathogens reported in outpatients and emergency wards were influenza, human metapneumovirus (HMPV), and rhinoviruses. Severe acute respiratory infections were attributed to influenza viruses, mycoplasma pneumoniae, and HMPV.
The report noted that HMPV, a lesser-known common winter respiratory disease, has caused many children under 14 in China’s northern provinces to fall ill. Cases of HMPV surged the most in the past week to become the second most prevalent cause of respiratory infections in China’s north after influenza.
Since HMPV was first detected by Dutch researchers in 2001, it has been found worldwide. Common symptoms are similar to those of influenza, including cough, fever, nasal congestion, and shortness of breath, which are signs of upper respiratory tract infections.
The virus can also lead to complications such as bronchitis, tracheitis, pneumonia, asthma, or ear infections. Severe infections may result in serious lower respiratory tract infections.
According to the world-renowned medical institution the Cleveland Clinic, young children, adults over 65, and people with weakened immune systems are at high risk for severe HMPV infections.
Chinese Foreign Ministry spokesperson Mao Ning has downplayed the concern among the populace about respiratory illness, attributing the increase in cases to a winter peak of respiratory infections.
“At present, the scale and intensity of the epidemic are lower than last year,” she said in a regular press conference on Jan. 3.
“What I can tell you is that the Chinese government attaches great importance to the health of the Chinese people and foreign citizens in China, and traveling to China is safe.”
Treatment for HMPV mainly focuses on symptom management. Most HMPV patients can manage symptoms at home until they feel better, while those with severe symptoms may require hospitalization.
The increasing cases of HMPV, a respiratory virus that has symptoms similar to those of COVID-19, are causing concern among the Chinese populace, who are wary of the transparency and accuracy of the CCP’s public health information following significant coverups in the COVID-19 pandemic. Claims of overcrowded hospitals on Chinese social media have also sparked widespread concern.
Neighbors Say They’re Monitoring Situation
The reports of overwhelmed Chinese hospitals and crematoriums have put authorities of neighboring countries and regions on alert for potential developments of public concern.
The Macau Health Bureau stated on Dec. 26, 2024, that it has been closely monitoring the spread of HMVP in mainland China and has urged local residents to strengthen preventive measures.
In Taiwan, Tseng Shu-Hui, deputy director-general of the Taiwan Centers for Disease Control (CDC), told local media on Dec. 25, 2024, that related cases of HMPV have already spread and been detected on the island. Taiwan’s CDC will continue to monitor the situation and will provide timely updates if any abnormalities are found, she said.
Vietnam’s Ministry of Health stated on Jan. 5 that it has prepared a brief report on the reported cases of HMPV infection in China. The department said it contacted the WHO’s office in Vietnam and the Asia-Pacific region, as well as the representative office of the Chinese Center for Disease Control and Prevention under the International Health Regulations, and was told that, as of now, the WHO has not received any official information from China regarding its HMPV caseload.
Malaysia reported 327 known HMPV cases in 2024. The Malaysian health ministry has urged the public to stay alert.
“The public is advised to proactively take care of their health and prevent infection to others, especially in enclosed and crowded areas,” the ministry said in a statement, according to Singaporean newspaper The Straits Times. “This includes those planning to travel to countries at risk.”
Datuk Amar Sim Kui Hian, the minister of Public Health, Housing, and Local Government in Sarawak, a state of Malaysia, reminded the public that while the WHO had not classified HMPV as an international public health emergency, “we must not let our guard down.”
The experience with COVID-19 has taught everyone how to cope with viruses, he told local media on Jan. 5.
“Frequent hand washing, wearing masks, and maintaining good personal hygiene are key to preventing the spread of viruses.”
India convened a joint monitoring group meeting in response to the rising cases of respiratory illnesses reported in China over the past few weeks.
Indian authorities said the government is “well-prepared” to handle respiratory illnesses and that its surveillance shows no unusual surge so far.
“Union Health Ministry is closely monitoring the situation in China through all available channels and the WHO has been requested to share timely updates regarding the situation,” read a Jan. 5 post by the country’s Ministry of Health on social media platform X.
WHO Demands China’s COVID Data
This round of winter respiratory illness in China marks the five-year anniversary of the emergence of COVID-19, with the WHO recently renewing its unfulfilled requests for China to share access to data to help determine the origins of COVID-19.
“We continue to call on China to share data and access so we can understand the origins of COVID-19,” reads a WHO statement on Dec. 30, 2024.
“This is a moral and scientific imperative. Without transparency, sharing, and cooperation among countries, the world cannot adequately prevent and prepare for future epidemics and pandemics.”
In December 2019, the first case of COVID-19 emerged in Wuhan, China. The ruling Chinese Communist Party (CCP)’s initial concealment of the outbreak, including the silencing of doctors and citizen reporters, was followed by the rapid spread of the virus, evolving into a global pandemic that caused a significant number of deaths, as previously reported by The Epoch Times.
what on earth is Biden doing? Cannot wait until these guys are done, Monday Jan 20.2025
(zerohedge)
US Sanctions Top Hungarian Official Close To Orban For Alleged Corruption
Wednesday, Jan 08, 2025 – 02:45 AM
The United States is now in the business of sanctioning NATO allies, apparently. The Department of the Treasury’s Office of Foreign Assets Control on Tuesday hit a top official of the Hungarian government, who is close to Prime Minister Viktor Orban, with punitive sanctions for alleged corruption.
Antal Rogán, who is head of Orban’s cabinet office, is alleged to have facilitated favorable business deals with government-aligned businesspeople. Critics and the opposition have dubbed him “Orban’s propaganda machine”.
US Ambassador to Hungary David Pressman at news a conference from Budapest called Rogán “a primary architect, implementer and beneficiary” of systemic corruption in Hungary, a system slammed by the American diplomat as a “kleptocratic ecosystem”.
“For too long, senior government officials in Hungary have used positions of power to enrich themselves and their families, moving significant funds from the public purse into private pockets,” Pressman said. But he also noted Rogan is not the only Hungarian official involved in corruption.
State Department spokesman Matthew Miller stated Tuesday that Rogan’s activity “is emblematic of the broader climate of impunity in Hungary where key elements of the state have been captured by oligarchs and undemocratic actors.”
Hungarian Foreign Minister Péter Szijjártó hit back by blasting the sanctions as but “personal revenge” on the part of Biden’s outgoing US ambassador.
As for Rogán himself, his office said Hungary is waiting on Trump to improve the relationship and set things aright:
“After January 20, the United States of America will have a new government and a new president. We will take the necessary legal steps after their inauguration.”
Currently, Hungary is locked in a long-running battle with the European Commission (EC) over the release of EU funding.
A week ago the EC said Hungary lost its ability to receive European Union aid worth some €1 billion over alleged rule of law breaches. European officials had demanded significant ‘democratic reforms’ by close of 2024, which didn’t happen to their satisfaction.
Brussels and Washington have charged Orban also with cozying up to Russia and China, as part of his alleged shedding of democratic principles.
end
GERMANY
AfD gaining in polling numbers…
(ReMix)
“The Firewall Will Not Last!” — Weidel Defiant As AfD Hits Highest Polling In A Year Ahead Of Germany’s Election
A fresh Insa survey reveals that the Alternative for Germany (AfD) has made significant gains in voter support as Germany braces for a snap federal election in February. Collected in the first days of the new year, the poll suggests the AfD would capture 21.5 percent if the vote were held next Sunday — the party’s highest polling figure in a year.
The conservative Union bloc (CDU/CSU), led by Chancellor candidate Friedrich Merz, maintains its December share at 31 percent, while the ruling Social Democratic Party (SPD) experiences a mild setback, falling by one percentage point to 15.5 percent.
The Greens, under Robert Habeck, climbed by 1.5 points to 13.5 percent, while the BSW party slipped by one percentage point to 6.5 percent.
Meanwhile, the Free Democratic Party (FDP) which was co-governing until recently, currently falls below the initial five-percent threshold required for Bundestag representation at 4 percent, as does the Left Party on 3 percent.
Germany, INSA poll: CDU/CSU-EPP: 31% AfD-ESN: 21.5% (+1.5) SPD-S&D: 15.5% (-0.5) GRÜNE-G/EFA: 13.5% (+0.5) BSW-NI: 6.5% (-0.5) FDP-RE: 4% LINKE-LEFT: 3% +/- vs. 30 December 2024-3 January 2025 Fieldwork: 3-6 January 2025 Sample size: 2,001 ➤ http://europeelects.eu/germany#btw25#Bundestag#wahlen
·
81.5K Views
The survey also examined how voter intentions evolved over the holiday period. One in two respondents said they discussed politics with relatives and friends, and one in ten reported changing their voting preference afterward — a potentially decisive factor shaping the hotly-contested ballot next month.
Speaking to Bild, Insa chief Hermann Binkert noted that the Union could “choose between three parties” to form a governing majority — the SPD, Greens, and the AfD — though Merz has repeatedly dismissed any prospect of collaborating with the right-wing party.
Despite this stance, AfD co-chair Alice Weidel on Monday urged Merz to abandon the so-called cordon sanitaire against her party, invoking the Austrian example where right-wing FPÖ leader Herbert Kickl is now on track to become chancellor.
“The firewall against the AfD will not last,” Weidel insisted.
The poll results come shortly after the Magdeburg Christmas market terror attack, in which a Saudi national drove his vehicle into a festive crowd in late December. Six people were killed and nearly 300 injured in the attack, which has spurred renewed debate over national security and immigration policy. Calls for tighter border controls and stronger vetting processes have become a central theme in the campaign discourse of both right-leaning and mainstream parties.
Tech billionaire Elon Musk recently stirred further controversy by endorsing the AfD. In a post on social media platform X, Musk stated, “Only the AfD can save Germany” and has announced an interview featuring Weidel is set for release on Jan. 9, potentially amplifying the AfD’s media coverage at a critical time.
Germany’s legacy parties have shifted noticeably rightward on immigration, a trend accelerated by the terrorist attack in Magdeburg. Interior Minister Nancy Faeser announced on Sunday that the government might revoke protection status for certain Syrian refugees who have failed to integrate into Western society. This comes a month after the fall of former Syrian President Bashar Assad, which prompted a temporary pause in processing new Syrian asylum claims.
“As our law stipulates, the Federal Office for Migration and Refugees will review and revoke protection grants if people no longer need this protection in Germany because the situation in Syria has stabilized,” Faeser told the Funke Media Group on Sunday. Individuals not enrolled in work or training may be required to return to Syria.
CDU candidate Merz has warned that Germany “cannot accept more Syrians” from the war-torn country and that those who are not integrated should return.
Meanwhile, senior CDU members are backing a proposal to deport asylum seekers after two criminal convictions, a policy the AfD has dismissed as insufficient. Critics argue this measure does little to stem rising crime. AfD officials suggest even tighter restrictions on foreigners convicted of crimes, reemphasizing a core election theme that has propelled the party in recent polls.
Looks like “Deja Vu? all over again!@!! (quote from Yogi Berra)
“Smells Like A ‘Truss Moment'” – UK Gilt Yields Hit 16 Year High, Stocks & Cable Tumble
Wednesday, Jan 08, 2025 – 08:21 AM
UK Gilt yields topped 4.80% for the first time since 2008 this morning (up 12bps on the day) having blasted higher since The Fed started on its rate-cutting cycle…
This is not (yet) a Truss-style repudiation of the UK bond market... but it’s getting there.
“While the speed and extent of the move higher in bond yields has not been anywhere near as violent as that witnessed following the Truss budget in 2022, the impact of higher rates on the economy, particularly via higher mortgage rates, is not to be underestimated,” said Matthew Ryan, head of market strategy at Ebury.
A number of factors are weighing on gilts: supply concerns, sticky inflation and uncertainty whether the new Labour government are enacting the right policies to bring the country back on track.
While the latest increases don’t yet mirror the scope of those seen two years ago when Liz Truss’s disastrous mini-budget prompted a buyers’ strike, the spreading discomfort has investors nervous and risks complicating the calculus for the government as it looks to finance its spending plans.
The inflation outlook prompted traders to pull back their expectations for the Bank of England to cut interest rates this year, and came as yields globally soar as markets weigh the impact of potential tariffs from US President-elect Donald Trump on prices.
“This isn’t a healthy move,” said Megum Muhic, a strategist at RBC.
“General concerns surrounding debt sustainability, resurgence of inflation and potentially inflationary Trump policies are all contributing to the narrative.”
But such a rout is always a possibility when you are heavily reliant on the kindness of strangers – as Bloomberg’s Simon White notes, almost a third of UK sovereign debt is owned by foreigners.
And unlike UK entities such as pension funds, they have no obligation to own any of it.
UK yields have been outpacing US ones as foreigners own an increasing share of the gilt market – in effect, overseas investors want a greater discount to hold more UK debt.
As Bloomberg reports, Thursday’s price action is particularly concerning for traders because a slump in the pound accompanied the rise in UK rates.
Cable was also clubbed like a baby seal, back to its weakest since the April 2024 lows…
Meanwhile, UK domestic shares tumbled, with the FTSE 250 mid-cap stock index heading for its worst two-day slump since August.
“The rise in yields is a painful blow, and it looks like, rather than being given new funds to help drive growth, government departments will have to make further cuts,” said Chris Beauchamp, chief market analyst at IG Group.
“UK stocks remain cheap, and for all the wrong reasons.”
The slide in bonds Wednesday was exacerbated by positioning as long positions in gilt futures were stopped out, according to traders. The gilt market has proved more volatile than other major bond markets in recent years, with investors often citing periods of poor liquidity.
“It looks like a small ‘Truss moment’ that could be amplified if investors start to price a more dovish BOE,” said Roberto Cobo Garcia, head of G10 FX strategy at BBVA.
However, much has changed since the 2022 crisis. The liability-driven investment strategies at the heart of the crisis must now hold larger cash buffers in order to reduce the chance of another liquidity crisis after an international regulatory effort. The BOE is also developing a repo facility which will allow these funds to raise cash in the event of future turbulence.
END
\
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL HAMAS /SUPPOSED DEAL?
this will not stand. Israel will never agree to this:
The Israeli document that forms the basis of the hostage negotiation talks in Doha, Qatar was published by Israeli public broadcaster KAN on Tuesday evening.
The Hebrew version of the document has been presented to the security cabinet.
“The purpose of the agreement is the release of all Israeli hostages held in Gaza—civilians and soldiers, whether alive or not—taken at any time, in exchange for an agreed-upon number of Palestinian prisoners held in Israeli prisons, and the establishment of lasting quiet, leading to a permanent ceasefire, the withdrawal of Israeli forces from the Gaza Strip, and the rehabilitation of the Strip,” the document stated.
The document also reveals the details of the deal being negotiated. It specifies how Israel will withdraw from central Gaza, “mainly from the Netzarim corridor,” and fully dismantle military outposts.
The document also outlines how the IDF will allow humanitarian aid into Gaza as soon as the deal comes into effect, and how Hamas will agree to release the hostages, starting with women.
“On the first day, three Israeli female hostages [will be released], on the seventh day, four more female hostages, and subsequently, three hostages every seven days—starting with those who are alive,” the document states.
The document also iterates details on the list of hostages Hamas must provide. It states that by the seventh day, Hamas must provide information on the number of hostages to be released in the first humanitarian stage.
According to KAN, while in this document Israel demands the deportation of at least 50 Hamas terrorists either abroad or to Gaza, it is now demanding a higher number.
Ending the war?
In the first stage, Prime Minister Benjamin Netanyahu has already approved initiating post-war reconstruction in Gaza which will include rebuilding infrastructure, clearing rubble, and bringing in at least 60,000 caravans and 200,000 tents.
The second stage of the agreement states that there will be “a permanent cessation of military operations and all hostile activities, with the implementation of quiet.”
end
ISRAEL/HAMAS/NORTH GAZA BEIT HANOUN//
IAF eliminates Gaza terrorists who took part in Oct. 7 massacre
The strike was carried out under the guidance of intelligence information provided by the Intelligence Directorate, the Shin Bet, and the Southern Command.
An Israel Air Force aircraft eliminated terrorists who took part in the October 7 massacre during strikes it carried out in Khan Yunis in the southern Gaza Strip, the military and the Shin Bet (Israel Security Agency) said on Tuesday.
The strikes were guided by intelligence information provided by the Intelligence Directorate, the Shin Bet, and the Southern Command.
The military added that prior to the strike, it had taken precautions to avoid harming civilians, including further aerial surveillance, the use of precise munitions, and additional intelligence information.
“Hamas terrorists continue to operate from civilian shelters, cruelly exploiting the population as a human shield for their activities and terrorist needs,” the IDF statement read.
The Nova Massacre Scene (credit: Arie Leib Abrams/Flash90)
IDF eliminates Sa’ed Saeed Zaki Dahnoun
Earlier this week, the military said it had killed Sa’ed Saeed Zaki Dahnoun, a company commander and deputy head of the rocket array in northern Gaza in the Palestinian Islamic Jihad, who participated in the October 7 massacre, as well as planned and led several ambushes against IDF troops.
END
ISRAEL/
Biblical map posted by MFA stirs diplomatic storm
Jordanian, Palestinian outlets reject ‘fabrication of history’, denounce ‘allegations, illusions and vile aspirations’
A diplomatic tempest was created following a post published by the Israeli ministry of foreign affairs, which featured a biblical map, with many in the Arab world viewing it as a direct threat to the sovereignty of Arab countries.
The map, uploaded by the Arabic language account of the Israeli Foreign Ministry, showed the Biblical boundaries of the Kindgoms of Israel and Judea, which extended according to Biblical accounts into different areas east of the Jordan river.
“Did you know that the Kingdom of Israel was established 3000 years ago?” Read the first sentence of the post, which then proceeded to portray the Biblical accounts of kings Saul, David and Solomon, as well as the partition of the kingdom to the northern Kingdom of Israel and the southern Kingdom of Judea, and their respective destruction and exile by the Assyrian and Babylonian empires.
The post concluded: “However, the Jewish people in the diaspora continued to look forward to the revival of their powers and capabilities and the rebuilding of their state, which was declared in the State of Israel in 1948 to become the only democracy in the Middle East.”
However, not everyone saw this as a simple history or cultural lesson. The map was featured in outlets across the Middle East, including Saudi channel Al-Arabiya, Qatari outlet Al-Jazeera, and others, with most channels overlooking the map’s educational purpose and connecting it to alleged Israeli plans and schemes.
Such was the case with the Jordanian Ministry of Foreign Affairs and Expatriates, which starkly condemned the publications made by the Israeli MFA.
“The ministry condemns in the strongest terms the maps of the region published by official Israeli accounts on social media platforms, claiming that they are historical for Israel, including parts of the occupied Palestinian territories, the Hashemite Kingdom of Jordan, Lebanon and Syria”, read the public statement, adding the publication comes “in conjunction with racist statements by the extremist Israeli Finance Minister calling for the annexation of the West Bank and the establishment of settlements in the Gaza Strip”
The official spokesman for the ministry, Sufian Qudah, stressed the Kingdom’s “absolute rejection of these policies and provocative statements that aim to deny the Palestinians’ right to establish their independent and sovereign state.”
Qudah also stressed that these “allegations and delusions adopted and promoted by extremists in the Israeli government… encourage the continuation of cycles of violence and conflict, constitute a blatant violation of international norms and laws.”
He also called on the Israeli government to “immediately stop these provocative actions, and to stop the provocative statements made by Israeli officials, which have no place except in the minds of extremists, and which contribute to fueling conflicts and constitute a threat to international peace and security.”
Likewise, the Jordanian speaker of Parliament Ahmad Al-Safadi deemed claimed that the maps “express a criminal mentality and malicious ambitions that cannot be ignored or tolerated.”
Palestinian commenters didn’t remain silent either, with the Palestinian Authority rejecting what it named “alleged maps of historical Israel that include Arab lands”.
In a formal statement, PA spokesman Nabil Abu Rudeineh denounced the “alleged map with a comment fabricating an Israeli history dating back thousands of years in line with the Hebrew allegations.” He added that “this behavior constitutes a flagrant violation of all international legitimacy resolutions and international law, claiming that “these extremist Israeli policies are what ignited the region and led to the wars we are currently witnessing.”
Likewise, Palestinian writer Yaseen Izeddeen claimed on his X account that the publication of the maps “is not the first time and it will not be the last, but it is part of their beliefs that drive the occupation government.” He also claimed that “The current rulers of Israel declare that Jordan is part of the Land of Israel, and these are old positions that go back more than a hundred years,” accusing that “Jordan is among their aspirations, but they leave it for the next stage” and criticizing the rulers of Jordan as having “no choice but to listen and obey their masters in Tel Aviv and Washington.
Despite this, not all voices were conspiratorial or rejecting. Luay Al-Shareef, a peace activist from the Gulf, commented on the original post: “Sound words that are consistent with history, the Qur’an, the Bible, and archaeology. It is worth noting that millions of Muslims bear the name of the Israelite king and prophet David, son of Yishai, whose historical kingdom’s denial poses a dilemma in the Islamic faith for those who are fanatical about the Palestinian cause.”
The Israeli MFA is yet to respond to the Jerusalem Post’s comment request.
An Israel Air Force aircraft eliminated terrorists who took part in the October 7 massacre during strikes it carried out in Khan Yunis in the southern Gaza Strip, the military and the Shin Bet (Israel Security Agency) said on Tuesday.
The strikes were guided by intelligence information provided by the Intelligence Directorate, the Shin Bet, and the Southern Command.
The military added that prior to the strike, it had taken precautions to avoid harming civilians, including further aerial surveillance, the use of precise munitions, and additional intelligence information.
“Hamas terrorists continue to operate from civilian shelters, cruelly exploiting the population as a human shield for their activities and terrorist needs,” the IDF statement read.
The Nova Massacre Scene (credit: Arie Leib Abrams/Flash90)
IDF eliminates Sa’ed Saeed Zaki Dahnoun
Earlier this week, the military said it had killed Sa’ed Saeed Zaki Dahnoun, a company commander and deputy head of the rocket array in northern Gaza in the Palestinian Islamic Jihad, who participated in the October 7 massacre, as well as planned and led several ambushes against IDF troops.
END
PALESTINIAN AUTHORITY/WEST BANK
Doubt very much if Trump will give them anything
(Middle Eye)
Palestinian Authority Requests $680 Million In Security Assistance From US
The Palestinian Authority (PA) asked the United States to approve a four-year $680m plan to boost the training of its special forces and bolster its supply of ammunition and armoured vehicles, an American source and a source close to PA revealed to Middle East Eye.
The request was made in mid-December at a meeting with US security officials at the PA’s Ministry of Interior in Ramallah in the occupied West Bank. At the meeting, PA security officials expressed frustration over what they believed was the US’s failure to fulfil its commitments to the authority by replenishing arms supplies and training special forces.
“Authority officials requested in the meeting that their needs for armored vehicles and ammunition be met urgently in light of the difficulty of the clashes and their inability to resolve the situation in the Jenin camp,” a source told MEE.
They also complained that the US had yet to approve funding for renovation works at prisons in Bethlehem and Nablus in the occupied West Bank.
The meeting came as the PA launched a crackdown on Palestinian fighters belonging to Hamas and Palestinian Islamic Jihad in Jenin. Fighting in the northern West Bank city, long a bastion of Palestinian resistance, has killed at least eight people, according to local media reports.
One former US intelligence official told MEE that the PA’s request for additional funding and arms made sense because the US has been pressing the PA for months to ramp up security operations in the occupied West Bank. The PA has been critical of the departing Biden administration’s post-war planning for the destroyed Gaza Strip.
Since the summer, the US has tried to bolster coordination with the PA. A think tank panel staffed by former US officials even presented a plan to bring cooperation with the PA’s security forces under the purview of Centcom, MEE reported previously.
‘Not a happy relationship’
According to Israeli media reports, the US Security Coordinator (USSC) for Israel and the Palestinian Authority, General Michael Fenzel, met with PA officials and reviewed their planning for the raid on Jenin.
The US has provided security assistance to the PA since the 1990s. After the Second Intifada, it established the USSC to train its security forces. While the Jerusalem office is tied to the US State Department, American intelligence agencies and the Defence Department have the most regular contact with the PA’s forces.
“It’s not a happy relationship,” William Usher, a former CIA officer who was based in Israel, told MEE previously. “And has little depth. It’s been reduced at heart to a security relationship.”
Complicating the PA’s request for US weapons, Israel can veto security assistance to the authority. According to Axios, the US asked Israel to approve the aid package in December. The previous Trump administration downgraded ties to the PA and former US security officials expressed doubts the US president would press Israel to approve the aid when he returns to office in late January.
Fatah-Hamas rift
The PA was borne out of the Oslo peace talks in the early 1990s. Its leadership comes from the Palestinian Liberation Organization, which waged a decades-long violent struggle against Israel. In return for limited self-governance in the occupied West Bank and Gaza, the PLO recognised Israel’s right to exist and renounced armed resistance.
The PA is dominated by the secular Palestinian party, Fatah. In 2007, fighting broke out between Fatah and Islamist Hamas after the latter swept to power in Palestinian legislative elections the year before. In the end, Hamas consolidated its hold over Gaza and Fatah in the occupied West Bank. Efforts to reconcile the two have failed.
The PA is largely seen as ineffective, corrupt and an Israeli collaborator among Palestinians in the occupied West Bank. After the PA renounced armed resistance to Israel, it was unable to deliver a political solution and an independent Palestinian state, while Illegal settlements in the occupied West Bank and occupied East Jerusalem have soared.
When the Oslo Accords were signed, roughly 250,000 settlers lived in the occupied West Bank. That number has risen to almost 700,000 today, including in the occupied East Jerusalem, which many envision as the capital of a future Palestinian state.
Israel regularly conducts unilateral raids in the occupied West Bank, including in Area A, which was set up to be strictly under the PA’s control. Israel has built a sprawling system of barriers and a network of checkpoints that Palestinians must pass through in their daily lives, obliterating any semblance of freedom of movement in the territory nominal under the PA’s control.
END
/IRAN/USA/ISRAEL
Preemptive Strikes On Iran Will Be A ‘Real Possibility’ Under Trump: Officials
Tuesday, Jan 07, 2025 – 06:00 PM
Starting in December the head of the UN nuclear watchdog, IAEA, warned that Iran is “dramatically” accelerating enrichment close to the roughly 90% level which is weapons-grade.
On Tuesday President Emmanuel Macron called Iran the main “strategic and security challenge” for France and Europe. “The acceleration of the nuclear program leads us nearly to the point of no return,” he told an annual conference of French ambassadors.
However, it remains anything but clear whether the Islamic Republic has actually decided to build a nuclear weapon, something recently (and surprisingly) acknowledged by the CIA.
Still, the constant daily headlines over Iran’s enrichment advances set things up for a collision course with the Trump administration after the Jan.20 inauguration.
According to a fresh report in Axios, the chances of Trump ordering a preemptive military strike on Iran’s nuclear facilities are now higher than ever:
Iran’s recent nuclear advances give President-elect Trump a crucial decision to make in his first months in office: Try to neutralize the threat through negotiations and pressure, or order a military strike.
Trump’s decision in 2018 to withdraw from an Obama-era nuclear deal prompted Tehran to accelerate its nuclear program, such that it’s now a de facto “nuclear threshold state.” Officials and diplomats from the U.S., EU and Israel all told Axios they expect Trump to face an Iran crisis in 2025.
Trump and his advisers are planning to quickly return to the “maximum pressure” campaign they conducted against Iran between 2018 and 2020.
Axios further underscores that “SeveralTrump advisers privately concede Iran’s program is now so far along that the strategy might not be effective. That makes a military option a real possibility.”
But it remains that US attacks on the Islamic Republic would only surely accelerate possible efforts to achieve a bomb. Much of the country’s nuclear infrastructure and technology is now likely underground, which would make it hard for any external power to destroy everything.
Though in prior years the Ayatollahs have condemned nuclear weapons as ‘unIslamic’ – if the Iranians perceive themselves under direct threat of annihilation, they would urgently feel the need to rapidly have a bomb.
Below is more from Axios on Trump expressing his position on the prior campaign trail:
Back in October, Trump criticized President Biden for advising Israel not to bomb Iran’s nuclear facilities. “They asked him, what do you think about Iran, would you hit Iran? And he goes, ‘As long as they don’t hit the nuclear stuff.’ That’s the thing you want to hit, right?” Trump said at a campaign rally.
It’s no secret that Iran has also long been engaged in sanctions-busting activity regarding global oil transit, and selling to powerful BRICS countries like China. Trump is expected to get ‘tough’ on that as well, and he has already nominated plenty of Iran hawks to top foreign policy positions.
But from Tehran’s perspective, the problem remains that Israel possesses a large undeclared nuclear arsenal, which has long been an ‘open secret’. If Iran does pursue a nuke, it will be to establish a balance of power and deterrent against Israel and the United States in the region.
Ironically if Trump does order ‘preemptive’ military strikes on Iran in the name of stopping WMD, this will be deeply contradictory to his stated aims on the campaign trail of wanting to stop and reign in US wars abroad.
end
I
end
RUSSIA
Robert H
Oreshnik’s Warhead – ‘Volcano Maker’
f you could really glimpse what else is in the bag of tricks of Russian science, the West would be astute to make Russia the guardian of world peace and give them the job to administering discipline to any nation choosing otherwise. They really are that far ahead.
But this will not happen. The factions that have installed themselves will not surrender. Thus a wider conflict will come quite unexpectedly. Everyone knows Ukraine is finished. Even troops on the conflict lines realize that without peace their lives are meaningless and will end in war death.
And new lambs for slaughter are being fed for death. Poland and Romania are being readied just like Moldova as new ground to soak fresh blood.
There are many global changes coming that will test the will and wisdom of everyone. Home will not necessarily stay the same. To lose good innocent people over needless conflict is not part of valor but the part of a Neocon lacking humanity. Conflict will only inhibit the ability of our world to respond to challenges. Challenges that cannot be stopped. They can only be adapted to by a willingness to accept and embrace change.
It is why history must once more repeat its’ lessons.
The mysterious Oreshnik marked the last notable event in Ukraine. Several articles and YouTube videos discussed the technology behind it, and no matter how many experts and “so-called” experts try to puzzle out the new missile, for now, details are known only to a select group likely not participating in social media.
This is the third article on Black Mountain Analysis addressing the Oreshnik phenomenon. It will discuss some theoretical possibilities in language that is understandable for non-engineers or non-scientists and try to simplify the technical aspects of a new weapon that appears to be a true game changer.
The high temperature of the incoming Oreshnik warheads and almost no visible explosions upon impact leave room for speculation. The Ukrainian claim is that nothing special happened, definitely trying to downgrade it, while some sources who are more pro-Russian sometimes overstate it. Based on the engineering and science approach, the overall effect may be much closer to the second one. For those interested in the problem, several links are listed in the bibliography section.
The previous two articles discussing the first use of Oreshnik and the potential attack on Zelensky’s bunker are linked here:
Let’s start with the arrival of the first responders to the site. According to available information, they found something very unusual about the bombing site. Besides the ruins, rubble, and debris everywhere, what leaked from the internal communications was that they observed something described as “small volcanoes filled with glowing material.” Assuming that the first responders have seen many bombing sites and participated in fire extinguishing and search and rescue operations, this description was unique and intriguing. Ukrainian SBU immediately cordoned off the whole area, and access was allowed only to those approved by the authorities. The reason was simple: attempt to deny any potential Russian observation by satellites or drones. What is interesting is that commercial satellites somehow obscure those particular areas. This prevents the OSINT approach, but the Russian military likely took site photos, satellite, and drone records. Also, the first responders in a predominantly Russian-speaking city and the Russian population are highly likely to pass HUMINT to the Russian side.
At the time of writing, there are no official records of foreigners visiting the site immediately after the attack. Still, it is highly likely that SBU and police investigation teams already shared information and collected material with their Western counterparts.
“Mini Volcano”
If we take the report of the first responders seeing mini volcanoes (some sources suggest there were six of them) with glowing material inside, the first question is what may have caused that. If there were six areas described as “mini volcanos” but 36 warhead strikes, the logical question is how could 36 hits cause only six mini volcanos? The explanation may be that six small warheads delivered from one carrier hit the designated area in a pattern that provided a “mutual destruction engagement zone,” meaning that they hit relatively close to each other in a pattern so that the penetration and the shock waves interreacted with each other, thus multiplying the effect and affecting a much wider area.
If the missile bus carries just six large warheads without submunitions, they may be dispersed some distance from each other so that the penetration into the ground might be deeper, but the overall width of the targeted area may be smaller compared to an equivalent dispersion of smaller submunitions.
As described in the article about the hypothetical attack on Zelensky’s bunker, six larger warheads may be able to penetrate closer to the underground structure, but based on the cumulative effect and the dispersion, they may not be able to cover a wider area. The same logic holds for the simultaneous attack of multiple smaller nuclear warheads on the wider but still patterned (circular or elliptical) area than with one larger warhead because combining multiple smaller warheads will yield wider destruction.
For the sake of explanation, that glowing material may be some kind of molten natural material in the form of magma (underground molten rock) or lava (molten rock above ground). It would be correct to say that they likely saw something that reminded them of lava. Anything on the surface can catch fire, but for firefighters, this is something that they don’t see every day.
As there are no public photos available, the following images illustrate how that molten material on the surface may have looked when the first responders arrived:
Just for reference: lava material that may closely resemble what the first responders encountered after arriving at the Yuzhmash plant.
Considering that Dnipro is not even close to any seismic or volcanic zone, it is unknown what ammunition can create this effect.
It is definitely not nuclear but rather kinetic, and many experts agree — kinetic warheads made of a dense and very high-temperature resistant material. The next question is whether the projectile is purely inert (kinetic) or if some active component has been incorporated. Based on available information in the scientific domain, there are some merits to the argument that there may also be a unique explosive present, adding to the kinetic effect.
High density is necessary for deep penetration, and depleted uranium is among the most dense materials. However, its use would leave residual radiation, so this idea is excluded from consideration.
From the previous article about Oreshnik:
“The Russian source said that the surface temperature of the warhead is 4000 C, and to withstand this temperature, a special alloy or ceramic material was developed. The composition is top secret. It is known that Tantalum-Hafnium carbide or Hafnium carbonitride has a melting point of about 4000 C, but these materials are used just representative of the possibilities. Other components may be present if the warhead does not melt at 4000 C. Density is another unknown and can be easily higher than 16 g/cc. Depleted uranium would be the densest material available but it was definitely not used in Oreshnik. It may also be some alloy based on Wolfram (Tungsten) Vanadium base.”
Concerning high-density metals and explosives, the term Energetic Structural Material (EMS) comes to mind.
“Energetic structural materials (ESMs) are multifunctional reactive composites which are designed to have structural strength and energetic characteristics, including high energy density and low sensitivity. The application of ESMs is expected in military as kinetic penetrators, reactive fragments, reactive bullets, reactive armor and munition casings, which require mechanical properties comparable to regular metallic materials. The rate of heat release is another important consideration for designing ESMs. It requires heterogeneous reactions with fast kinetics, in time scales defined by the specific applications, ranging from minutes down to microseconds. It was found that the rate of heat release relies on the size of particles or bilayer spacing of reacting components. For the particle in nanoscale, the timescale of reaction is on the order of tens of microseconds”.
Researching further, ESMs consist of alloys and composites using Aluminum, Zirconium, Nickel, etc. Aluminum-based ESMs have good energy release characteristics, but the most significant disadvantage is their very low density and strength, rendering them useless as hard penetrators. Even with hypersonic velocity, they would not penetrate more than a few meters before disintegrating. To achieve high penetration ability, a dense metal such as tungsten or tungsten alloy is necessary.
Adding tungsten creates energetic structural materials with high strength. This material has high stability under normal conditions and the ability to maintain structural integrity under detonation loading. What is of particular interest is that when the ESMs interact with a target object, which in Dnipro was an underground structure, chemical reactions occur between different components of the ESMs and surrounding materials, resulting in combustion or explosion reactions.
Research on shock-induced reactions in metal-based reactive materials, such as a powder mixture, appeared for the first time in the Russian literature in 1956, followed by numerous works. This has resulted in advances in solid-state chemistry under high-pressure shock loading down to microscopic scales involving defect mechanisms. A new branch of reactive materials, Structural Reactive Materials (SRM), emerged in the early 2000s. A structural reactive material comprises a mixture of micrometric or nanometric energetic metals and metal compounds condensed to maximum density. SRMs have a broad application potential, including armament systems, reactive armors, reactive protection, and energy sources for outer space uses through intermetallic reactions, for air blast through oxidation of fine SRM fragments, and for extreme environment applications where the conventional high explosives fail due to lack of high temperature or high-pressure sustenance.
Dense metal explosives and energetics incorporate a large metallic mass fraction to maximize the dynamic effect of dense metal flow with high particle momentum flux, release high-energy reactive particles coherently to enhance the blast wave, or both.
Dispersal from a dense metal explosive provides two main dynamic effects in a nearby structure locally: total impulse dominated by high-speed metal momentum flux and particle clustering and jetting, which deviates from the mean metal flow density and motion. Both effects will be further influenced when the particles are reactive. When reactive metal particles are involved, two multipeak energy release rules for hybrid detonation will help design new classes of dense metal explosives and energetic systems.
To simplify a complex phenomenon, the projectile approaching with high velocity (10+ Mach) and high surface temperature creates a shockwave and interacts with the surrounding material such as dirt, soil moisture, rocks, or concrete. A chemical process forms that creates detonation. So, besides the kinetic impact, a warhead of a specific composition will also induce an explosion, multiplying the effect of the kinetic penetration. High temperature combined with a shock wave accelerates systems that contain a large quantity of micrometric or nanometric metals and metal compound particles, so detonation creates an immense temperature that can melt surrounding material to some distance.
Physically, the Oreshnik warhead (assuming it is 100+ kg) may penetrate ~40 m (depending on the soil composition). A hypersonic shockwave is trapped underground, creating immense heat and pressure that vaporizes surrounding material such as rock, dirt, and concrete. This penetration occurs so quickly that the projectile material is still compact to some level, after which a rapid (nanosecond) exothermic reaction starts, causing the immediate burning of the projectile particles and surrounding material. Tungsten and alloy components of the warhead under this temperature begin to burn. This burning creates a chemical or secondary energy release from the projectile. This happens in micro- or nanoseconds. The penetration depth ensures that most of the energy is released underground, meaning that there will be a minimal explosion effect visible on the surface. It will not be a fireball like during the explosion of conventional warheads. Plasma or electrically charged gas plume may be visible around the impact point. It may happen because of the very high temperature.
The impact at Yuzhmash may be described as extreme pressure generated underground, creating a microearthquake that damaged foundations, buildings, and underground structures. Any seismic station in the region would have been able to detect it. The combined action of longitudinal and transverse vibrations of soil particles would cause a surface seismic wave (Rayleigh wave) to be propagated along the free surface of the ground from the explosion epicenter.
After the underground overpressure subsides and the shockwave reaches the surface, everything above the impact points may collapse into the cavity below, which is filled with molten material. This collapse of the solid materials pushes the molten material up. This material will eventually solidify.
This explains what may have happened beneath Yuzhmash and what the first responders saw as a “mini volcano.”
Conclusion
The reader should understand that this article is a high-level approach to explaining the phenomenon of molten material originating in the Oreshnik missile attack. The consequences of this type of weapon are much broader than neutralizing underground targets. The technical/technological background is not entirely unknown, but the application is still considered top secret.
Russia has the upper hand and is years ahead of anything similar in the West. Oreshnik missiles can reach any NATO location, and there are 40 high-priority bases whose neutralization will cripple NATO in Europe for good. Russia will soon have hundreds of Oreshnik missiles ready, and NATO has nothing (even on the drawing boards) to intercept them.
Dr. Jay Bhattacharya – the Stanford professor who is President-elect Donald Trump’s nominee for the directorship of the National Institutes of Health – will bring transparency to this government agency, which sorely needs it.
I am an odd person to write a piece supporting Jay Bhattacharya’s nomination to lead the NIH. During the pandemic, I disagreed with Jay on COVID response. Jay supported the Great Barrington Declaration, while I favored a more active and engaged public health response, broadly although not completely along the lines of what was actually done in the United States. At times our differences were fundamental, other times pragmatic. Nonetheless, the differences of opinion between Jay and me on this subject were deep.
I debated Jay over Zoom on the topic of pandemic response, so I am well aware of his views on COVID response, as he is of mine. Our debate was not archived but was roughly similar to the Munk Debate I did with Jay’s Stanford colleague, John Ioannidis, and the SoHo Forum debate I did with Jay’s Great Barrington collaborator, Martin Kulldorff. These discussions are dated now, but they still reflect deep intellectual rifts that were brought into sharp relief by COVID and the collective response to it.
What makes my endorsement of Jay all the more peculiar is that he and I still disagree on COVID response. I know because I had the chance to talk with Jay and others in October at a conference that he organized at Stanford, at which I served as a panelist. What’s more, Jay invited me to this conference knowing that his and my opinions on this subject continue to diverge. Here and in other examples, I have seen Jay’s commitment to hearing diverse and disagreeing viewpoints. Jay is not one to try to muzzle a dissenting opinion.
The most important outstanding item on the COVID agenda is: Where did SARS-CoV-2 – the virus that causes COVID – come from? The pursuit of this question is where Jay Bhattacharya and I have the most in common. I am on the advisory board of Biosafety Now, an organization dedicated to increasing transparency in high-risk experiments on pathogens with the capacity to harm people. Jay was, for a time, also involved with BN.
The stakes could not be higher: COVID killed 15 million people worldwide in 2020 and hasn’t stopped killing, although thankfully at a lower rate more recently. Tracing the origins of epidemics is one of the cornerstones of public health. This task is woven into its very fabric, even from before John Snow’s founding the science of epidemiology in the 19th century, through to the work of American pioneer Theobald Smith in the 20th century, and to the present day. There are a number of questions about COVID that may point to SARS-CoV-2 having leaked from a lab.
The NIH has not heretofore acted with enough transparency on COVID origins. It was a funder of gain-of-function research on coronaviruses. Former NIH director Francis Collins and former director of NIAID (National Institute for Allergy and Infectious Diseases), Anthony Fauci, were both major proponents of gain-of-function virology research, some of which is objectively dangerous enough to require the highest security (BSL-4) labs (think: labs inside an air lock and researchers in pressure suits). Grants from NIH in this area included funding the research of Peter Daszak of EcoHealth Alliance and Peter Hotez of the Baylor College of Medicine.
However, NIH has not acted to shed light on its actions, and has even stonewalled Congress.
There is nothing inherently political about wanting to know where COVID comes from; it is a core function of epidemiology. It is virologists – not those in epidemiology who wish to get to the bottom of COVID origins – who have politicized the COVID origins debate. As one of my colleagues at the University of California, Irvine condescendingly scolded me via email in 2022: “Suggesting lab leaks or worse (without any real evidence) feeds into the right-wing, anti-China conspiracies promoted by the Trump administration.” Other virologists have shown a remarkable incuriosity: “What difference does it make where it [SARS-CoV-2] came from?” asked another one of my University of California, Irvine colleagues, at a conference here. It makes an enormous difference. To avoid a repeat of COVID, we need better regulation of gain-of-function virology, and full transparency about coronavirus research in the years leading up to the pandemic.
Jay Bhattacharya understands that the NIH budget is public money, and that every American is a stakeholder in research performed by NIH, including the grants it makes to external scientists. He and I had, and continue to have, deep disagreements about the public health response to COVID, but the most important task facing NIH at the moment is give the world a full account of its involvement in research on the bat viruses that are the ancestor of the COVID virus, so we can better understand how SARS-CoV-2 jumped into humans. Transparency is a principal (and principled) solution to lack of public trust in institutions. I am confident that Jay’s pursuit of transparency can restore public trust in NIH.
Andrew Noymer is associate professor of population health and disease prevention in the Joe C. Wen School of Population & Public Health, University of California, Irvine.
“it was never a pandemic of the unvaccinated, it always was a pandemic of the vaccinated”…Patrick, one of my subscribers shared this with me & I forgot this one, I did so many, I was with James Topp
That is me alongside James Topp, veteran Canadian soldier (he marched across Canada in protest of the vaccine mandates etc.) and here was the march into Ottawa. We stopped for a drink of water.
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.
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
Enter the Wellness Company as a solution and a willing participant in the health care conversation. From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.
If you wish to give a donation to help me, you can at:
Canadians, each Chinese household will buy 10,000 packages toilet paper, you will get none! Do not bother that data is still preliminary, no person-to-person spread, person elderly, sick, underlying
serious medical conditions, a man, lives in Louisiana and was handling in/exposed to infected birds/flocks with H5N1.
That will not stop the Chinese across Canada and USA. Also buy all the canned goods you can, Chinese will buy that too.
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.
Wall to wall toilet paper in their homes. Photo after the Chinese in Toronto, Markham, move through the local grocery, they have no concern that you should buy or get any. None.
Ready yourself, the FDA, HHS, CDC, NIH etc. and health officials will call for lockdowns and Malone Bourla Bancel ‘new and improved 2nd generation’ mRNA vaccines, you have no choice.
Even while knowing it was all ‘made up’ e.g. 6-foot social distancing rule etc. Just pulled from out of their corrupted inept incompetent government and health official assess, oh they had power over us. Every aspect of COVID was made up.
Judge Merchan refuses to delay Trump’s criminal sentencing, Trump respondsNew York Judge Juan Merchan has denied to delay the sentencing of President-elect Donald Trump in the New York “hush money” case. The sentencing is scheduled for Friday, January 10, just ten days before Trump is set to return to the White House. In his ruling, Judge Merchan stated, “This Court has considered Defendant’s arguments in support of his motion …READ MORE
Donald Trump Jr. travels to Greenland to explore the future US territoryDonald Trump Jr. is scheduled to visit Greenland on Tuesday following his father, President-elect Donald Trump’s, renewed interest in the United States potentially seeking “ownership and control” of the territory, sources close to the matter confirmed to Fox News Digital. “As someone who has traveled to some fascinating places across the globe as an outdoorsman, I’m excited to stop into …READ MORE
US CENTCOM says one Coalition member killed, two wounded in operation targeting ISIS in IraqA member of the U.S.-partnered forces was killed, and two others were injured, during a series of operations targeting ISIS in Iraq and Syria. The operations, carried out by U.S. Central Command (CENTCOM) and allied forces, aimed to dismantle ISIS’s capacity to conduct attacks and maintain influence in the region. Between December 30 and January 6, CENTCOM and Iraqi forces …READ MORE
US confirms first death from bird flu recorded in LouisianaThe Louisiana Department of Health has confirmed the state’s first fatality linked to bird flu, identifying the H5N1 strain as the cause. The patient, who was over 65 years old, reportedly had pre-existing medical conditions. Health officials believe the individual contracted the virus through exposure to a mix of wild birds and a non-commercial backyard poultry flock. At this time, …READ MORE
Donald Trump officially certified as presidentCongress officially certified Donald Trump’s election as the 47th President of the United States on Monday, concluding the formal process to affirm the 2024 electoral results. The ceremony, conducted in the U.S. Capitol, involved reviewing and validating the electoral votes submitted by each state to ensure their authenticity. The session began at 1 p.m. ET, with lawmakers verifying that Trump …READ MORE
LATEST REPORTS FOR NEWS JUNKIES
Watch: GOP Senator’s Husband Refuses to Shake Kamala’s Hand in Awkward MomentSocial media users are praising the husband of Republican Sen. Deb Fischer (R-NE) as their “spirit animal” after he appeared to refuse to shake Vice President Kamala Harris’s hand during his wife’s swearing-in ceremony.U.S. senators in the 119th Congress were sworn into office by Harris, who by constitutional law presides over the upper chamber and may cast the deciding vote …READ THE FULL REPORT
Trump Jr. Visits Greenland Following President-Elect’s Proposal to Purchase the Country — Trump ReactsDonald Trump Jr. is scheduled to visit Greenland on Tuesday, amid renewed interest from his father, President-elect Donald Trump, in acquiring the Arctic island.According to a Greenlandic government official, Trump Jr.’s visit is personal, with no planned meetings with government officials or political figures.However, there are unconfirmed reports that he might meet with Erik Jensen, head of Greenland’s ruling party, …READ THE FULL REPORT
WATCH: Congress just certified President Trump’s massive election victory!This is so delicious. Kamala Harris has just announced the certification of President-elect Trump’s massive election victory over her own lousy and ridiculous candidacy. Watch below and enjoy: BREAKING: Congress has officially certified the election of Donald J. Trump of Florida as President and JD Vance of Ohio as Vice President of the United States. IT BEGINS ON JANUARY 20. …READ THE FULL REPORT
Judge Merchan Refuses to Delay Trump’s Criminal SentencingNew York Judge Juan Merchan has declined a motion to delay President-elect Donald Trump’s sentencing in the New York “hush money” political persecution.The sentencing is scheduled for Friday, January 10, just ten days before Trump returns to the White House.In his ruling, Judge Merchan wrote, “This Court has considered Defendant’s arguments in support of his motion and finds that they …READ THE FULL REPORT
More Details Emerge of Plan to Kill Supreme Court JusticeA California man allegedly told authorities that he flew to the East Coast to kill Supreme Court Justice Brett Kavanaugh, according to newly filed court documents.Nicholas Roske flew across the country from California to Virginia on June 7, 2022, landing just before midnight.He got into a taxi and instructed the driver to take him to a house in Maryland where …READ THE FULL REPORT
LATEST REPORTS FOR NEWS JUNKIES
Evacuations Underway as Massive Wildfire Rages Out of Control in CaliforniaEvacuations were underway as a massive wildfire raged out of control and engulfed homes in Pacific Palisades, California, on Tuesday.According to AccuWeather, wind gusts reached up to 65 miles per hour in Southern California on Tuesday.Shocking video of a ‘fire tornado’ was posted to X.Another angle of the Palisades fire: pic.twitter.com/R8s3vtNf8S— Jon Michael Raasch (@JMRaasch) January 7, 2025A friend who …READ THE FULL REPORT
Denmark’s Prime Minister Sends Blunt Message to Trump on GreenlandDanish Prime Minister Mette Frederiksen emphasized that Greenland is not for sale, as President-elect Trump has ramped up calls for the U.S. to acquire the island.Frederiksen’s comments to a Danish TV station come as the president’s son, Donald Trump Jr., paid a visit to Greenland on Tuesday. The trip is a personal one and Trump Jr. is not expected to …READ THE FULL REPORT
Trump Plants MAGA Flag on World Stage, Puts Denmark, Panama, Canada on NoticePresident-elect Donald Trump on Tuesday outlined an ambitious plan for U.S. expansion by seizing control of Greenland, the Panama Canal and maybe even Canada.He refused to rule out military action to acquire Greenland and the Panama Canal but said he would rely solely on economic force to make Canada part of the United States.He questioned Denmark’s legal claim to Greenland, …READ THE FULL REPORT
Here Are the 159 Dems Who Voted Against the Laken Riley Act159 House Democrats voted Tuesday against legislation titled the Laken Riley Act that would require federal immigration authorities to detain illegal migrants who commit theft-related crimes in the U.S and would also allow states to sue the Department of Homeland Security for harm caused to their residents because of illegal immigration.The legislation ended up passing the House in a 264-159 …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//
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS WEDNESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0294 DOWN 49 BASIS PTS
USA/ YEN 158.33 UP 0.104 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 1.2351 DOWN .01240 OR 124 PTS
USA/CAN DOLLAR: 1.4383 UP 0.0019 (CDN DOLLAR DOWN 19 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 0.52 PTS OR 0.02%
Hang Seng CLOSED DOWN 167.74 PTS OR 0.86%
AUSTRALIA CLOSED UP 0.66%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 167.74 PTS OR 0.86%
/SHANGHAI CLOSED UP 0.52 PTS OR 0.22%
AUSTRALIA BOURSE CLOSED UP 0.66%
(Nikkei (Japan) CLOSED DOWN 102.74 OR 0.25%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2656.55
silver:$30.11
USA dollar index early WEDNESDAY morning: 109.07 UP 68 BASIS POINTS FROM TUESDAY’s CLOSE.
The USA/Yuan, CNY ON SHORE CLOSED DOWN 7.3594 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.3588)
TURKISH LIRA: 35.37 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.184
Your closing 10 yr US bond yield UP 3 in basis points from TUESDAY at 4.693% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.947 UP 4 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.272 DOWN 1 BASIS PTS.
GOLD AT 11;00 AM 2660.90
SILVER AT 11;00: 30.15
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: WEDNESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 5.75 pts or 0.07%
German Dax : DOWN 10.63 pts or 0.05%
Paris CAC CLOSED DOWN 36.93 pts or 0.49%
Spain IBEX CLOSED DOWN 13.80 PTS OR 0.12%
Italian MIB: CLOSED UP 169.84 PTS OR 0.49%
WTI Oil price 74,33 11 EST/
Brent Oil: 77.11 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 104.99 ROUBLE UP 2 AND 25/100
GERMAN 10 YR BOND YIELD; +2.512 UP 4 BASIS PTS.
UK 10 YR YIELD: 4.8460 UP 16 BASIS POINTS
CDN 10 YEAR RATE: 3.361 UP 6 BASIS PTS.
CDN 5 YEAR RATE: 3.066 UP 7 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0316 DOWN 0.0026 OR 26 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2363 DOWN 0.0113 OR 113 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.797 UP 11 BASIS PTS//
JAPAN 10 YR YIELD: 1.1770
USA dollar vs Japanese Yen: 158.37 UP 0.146 OR 15 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4378 UP 0013 BASIS PTS CDN DOLLAR DOWN 22 BASIS PTS
West Texas intermediate oil: 73.33
Brent OIL: 76.17
USA 10 yr bond yield DOWN 1 BASIS pts to 4.671
USA 30 yr bond yield DOWN 0 BASIS PTS to 4.903%
USA 2 YR BOND: DOWN 2 PTS AT 4.274
CDN 10 YR RATE 3.342 UP 2 BASIS PTS
CDN 5 YEAR RATE: 3.042 UP 1 BASIS PTS
USA dollar index: 108.87 UP 48 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.34 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 104.50 UP 2 AND 25/100 roubles
GOLD 2,663.90 (3:30 PM)
SILVER: 30.17 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE:UP 106.84 PTS OR 0.28%
NASDAQ UP 5.96 PTS OR 0.03%
VOLATILITY INDEX: 17.62 DOWN .20 PTS OR 1.12%
GLD: $244.86 UP 1.30 OR 0.53%
SLV/ $27.40 UP .07 OR 0.22%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 129.66 PTS OR 0.52%
end
USA AFFAIRS
ZEROHEDGE HEADLINE: NYSE CLOSING
Tech Wrecked As Rate-Rout Wreaks Havoc; Crude & Crypto Crumble
USA ECONOMIC DATA
Labor Market Miasma: Jobless Claims Best In 10 Months, ADP Worst In 4 Months
Wednesday, Jan 08, 2025 – 08:38 AM
Jobs, jobs, jobs…
ADP‘s employment report showed a disappointing addition of just 122k jobs in December (worse than the +140k exp) – its lowest since August…
Source: Bloomberg
Only 3 of the 23 forecasters were lower…
Source: Bloomberg
Manufacturing saw the biggest drop in jobs (the 7th monthly decline in manufacturing jobs in the last 8 months)…
…as small- and mid-sized firms cut employees (which is odd since NFIB Small Business sentiment literally exploded higher after Trump’s election).
The West was the biggest driver of job gains by region.
It seems the labor market ”downshifted” right after Trump was elected?
“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains,” said Nela Richardson Chief Economist, ADP.
“Health care stood out in the second half of the year, creating more jobs than any other sector. “
As a reminder, yesterday JOLTS had the biggest two month jump in professional/business service job openings on record and now this?
The ADP report showed wage growth cooled further.
Workers who changed jobs saw a 7.1% increase in pay, while those who stayed put saw a 4.6% gain, the slowest since mid-2021.
ADP looks even more ridiculous as initial jobless claims plunged to 201k last week – the lowest since Feb 2024…
Source: Bloomberg
Notably the unadjusted claims soared near one year highs.
Continuing claims ticked up but remain below the 1.9mm Maginot Line…
Source: Bloomberg
Are we really back in baffle ’em with bullshit macro data mode?
END
FOMC Minutes Show ‘Almost All’ Fed Members See Higher Inflation Risks, Cite Trump Policies
Wednesday, Jan 08, 2025 – 02:00 PM
Tl;dr: Fed officials are worried about the inflation impacts from Trump‘s policies: Minutes
So the Fed is not reactive (even when inflation is biting it in the ass), but is PROACTIVELY hostile toward the policy of a president it disagrees with even if said policy doesn’t even exist?
* * *
Since The Fed’s last meeting (Dec 18th) where they issued a ‘hawkish cut‘, bonds and stocks have been dumped while crude and gold have strengthened along with the dollar…
Source: Bloomberg
More notably, rate-cut expectations have oscillated all over the place but are back near the spike lows from FOMC day (implying a 50-50 chance of 1 or 2 cuts this year)…
Source: Bloomberg
…and the yield curve has steepened dramatically, with the much-watched 3m10Y spread now uninverted at its steepest since Oct 2022…
Source: Bloomberg
The market remains significantly more hawkish about future cuts than The Fed still…
Source: Bloomberg
So the big question is – what does The Fed want us to see from The Minutes? Remember this was the meeting where Powell flip-flopped from uber-dove to super-hawk after Trump won the election.
Will they mention concerns about Trump’s policies driving inflation? Will the topic of their independence come up? Will fears of sticky inflation be mentioned by more than ‘a few’ members?
Key headlines from the minutes include:
“Many participants suggested that a variety of factors underlined the need for a careful approach to monetary policy decisions over coming quarters.”
“Some participants stated that there was merit in keeping the target range for the federal funds rate unchanged,”
“A majority of participants noted that their judgments about this meeting’s appropriate policy action had been finely balanced.”
“Several observed that the disinflationary process may have stalled temporarily or noted the risk that it could.”
It’s Trump’s fault:
The Fed’s staff incorporated “placeholder assumptions” about potential policy changes under incoming US President Donald Trump, resulting in an economic growth forecast that was slightly slower, with inflation also expected to remain firm.
‘Almost all‘ participants judged that upside risks to the inflation outlook had increased
The minutes showed “a number” of policymakers indicated they also included placeholder assumptions in their updated economic projections.
Forgive us our ignorance here – admittedly we are not PhDs – but we do not remember the staff and members ‘citing’ inflation fears when the Biden admin dropped multi-trillion dollar spending bills (and called them Inflation Reducers)?
x.com/zerohedge/status/1877068868797026716
END
Klarnageddon: Consumer Credit Card Debt Unexpectedly Plummets At Rate Signaling Deep Recession
Wednesday, Jan 08, 2025 – 03:40 PM
We have repeatedly warned that with their savings – and especially “emergency covid savings” – gone or nearly gone, Biden admin savings data manipulation notwithstanding…
… US consumers had no choice but to max out their credit cards in order to “extend and pretend” their moment of purchasing greatness, or as we called one month ago, their last hurrah (see In “Last Hurrah”, Credit Card Debt Explodes Higher Despite Record High APRs As Savings Rate Craters), a hurrah that would last very briefly as it was only a matter of months if not weeks before said cards were denied.
Well, it appears that said denial hit much sooner than expected, and according to the Fed’s latest consumer credit data, in November consumer credit across US households tumbled by $7.5 billion to $5.102 trillion, a 1.8% annual rate of contraction and usually something one only sees in the middle of recessions (or worse).
What is remarkable is that as shown on the chart above, while non-revolving debt (i.e. student and auto loans) rose modestly, it was revolving, or credit card debt, that cratered by a whopping $13.8 billion the biggest drop since the covid crash shut down the economy and the prospect of future income for millions of Americans (hence the collapse in spending). In fact, it is safe to say that any and every time revolving credit has collapsed this much, the US was on the cusp of, if not already in a recession.
We don’t know what sparked this sudden reversal in the favorite American pastime – i.e., to buy stuff one can’t afford and hope to pay it back some time in the future for a modest 29.95% APR – but we know what didn’t: falling rates… because they didn’t. You see, three months after the Fed cut rates, taking them 100 bps below where they were in September (only to suddenly warn of a hawkish pivot now that Trump is in the White House), the average interest on credit card accounts across the US banking system as tracked by the Fed is at 22.8%, the second highest reading on record and a drop of 57bps from the highest rating on record taken in Q3 2024.
While we wonder if and when a politician will ask the US banks why they still charge such high interest when Fed Funds is down almost double from this post-Sept drop in average credit card balances, we doubt this will happen any time soon, because asking such pointed questions would mean the fake facade of a stable recovery (and not debt-funded spending frenzy) could lead to the entire house of cards falling over.
III USA ECONOMIC NEWS
LOOKS LIKE THIS IS FAKE NEWS
(zerohedge)
Dollar Surges On CNN Report Trump Considering National Emergency Declaration To Justify New Tariffs
Wednesday, Jan 08, 2025 – 07:05 AM
It has not even been two days since the Washington Post published its attempt to manipulate the dollar lower by claiming, falsely, that Trump intends to water down his sanctions, when moments ago the dollar soared on what is most likely another piece of fake news – and also just as likely another attempt by hedge fund “sources” to manipulate the FX market – when CNN reported that Trump “is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries.”And unlike the WaPo’s “three” so-called sources, in the quest for anonymous BS supremacy CNN went to cite a whopping “four sources familiar with the matter.”
According to the report, which is likely just as “real” as the WaPo’s fake news, the emergency declaration will allow Trump – who is pursuing a rebalancng of global balance of trade in his second term – to construct a new tariff program by using the International Economic Emergency Powers Act, known as “IEEPA,” which unilaterally authorizes a president to manage imports during a national emergency.
Trump, one of the sources noted, has a fondness for the law, since it grants wide-ranging jurisdiction over how tariffs are implemented without strict requirements to prove the tariffs are needed on national security grounds.
“Nothing is off the table,” said a second source familiar with the matter, acknowledging the robust discussion over declaring a national emergency that has taken place.
Of course, none of this is actually news! But sadly algos have a 15 millisecond memory so it all sounds exciting and grandiose to them. In 2019, Trump used IEEPA to threaten a 5% tariff on all Mexican imports that would rise to 25% if Mexico declined to take action to reduce the number of undocumented immigrants crossing the border with the United States. After Mexican officials traveled to Washington for a week of in-person negotiations – and an agreement was reached to reinstate the “Remain in Mexico” immigration policy – the tariffs were never implemented. But the specter of the potential action, predicated by a national emergency Trump had declared on the southern border three months earlier, led prominent business lobbying groups like the Chamber of Commerce and the Business Roundtable to prepare lawsuits challenging the legality of such a move.
Trump’s advisers are evaluating the possibility of using section 338 of US trade law, which allows a president to impose “new or additional duties” against countries deemed to be discriminating against the commerce of the United States. In those cases, trade law permits the president to impose new tariffs in direct reciprocation against those countries in specific product categories – though it’s been untested in recent history.
They’re also considering revisiting the trade law – known as section 301 – that ushered in Trump’s initial tariffs on China on national security grounds. The Biden administration left the vast majority of Trump’s tariffs in place – and increased tariffs on certain products like electric vehicles – providing a basis for the incoming president to increase or adjust the tariffs as he sees fit. But implementing tariffs under this statute requires a government investigation, and companies affected by the changes often lobby for months to be excluded from the levies.
More importantly, no final decision has been made on whether to declare a national emergency, sources told CNN. Trump’s team is still exploring other legal avenues to buttress the tariffs that Trump pitched on the campaign trail.
“I think the president has broad authority to impose tariffs for a variety of reasons, and there are a number of statutory bases to do so,” said Kelly Ann Shaw, a trade attorney who served as Trump’s deputy assistant for international economic affairs. “IEEPA is certainly one of them.”
In other words, this is just one camp of anon sources – those who are long the USD – firing back at those who were short the USD ahead of the WaPo fake news report seeking to send the dollar plunging (which they did). And sure enough, the dollar has soared in the immediate aftermath of the WaPo report, with the BBDXY surging 0.6% with cable leading losses; GBP/USD down as much as 1.2% to 1.2334, lowest since April, while UK bond yields rise…
… EUR/USD dropped 0.7% to 1.0273, eyes eyeing the 1.0223 Jan. 2 low…
… while the USD/JPY up 0.3% to 158.55, highest since July; and on the verge of sparking the next round of BOJ intervention.
Ultimately, expect everything to revert to normal as FX traders recall that this kinda of verbal rollercoasters were all the rage for 4 years during Trump’s first admin, only for the new generation of traders and algos, all of this seems so new and exciting, they can’t help themselves but to overtrade on the flashing red headline.
end
LAST NIGHT
LOS ANGELES
‘Evacuate Now’: Fire Tears Through Upscale Pacific Palisades In Los Angeles
Tuesday, Jan 07, 2025 – 07:40 PM
A brush fire that has spread to over 1,200 acres in Los Angeles amid a massive wind storm has prompted a mass evacuation in the upscale Pacific Palisades area on Tuesday.
The Palisades – home to numerous A-list celebrities, has roughly 9,400 homes and 27,000 residents. After the fire broke out, smoke plumes spread quickly toward structures and homes – including a large area of Topanga Canyon, tucked-away community with a single road in and out.
Meanwhile, the South Coast Air Quality Management District on Tuesday issued an air quality alert for the Santa Monica Mountains “due to increased fine particle pollution from wildfire smoke,” which has now traveled as far east as Diamond Bar, located around 30 miles from downtown LA.
Officials shut down all traffic on the Pacific Coast Highway at Topanga Canyon Boulevard – causing (greater than usual) traffic jams that could be seen all over.
Fast-moving, wind-driven fires are sweeping through the Los Angeles area, forcing mandatory evacuations for over 49,000 residents. The fires remain 0% contained.
The Palisades Fire (caused unknown) has burned nearly 5,000 acres, while the Eaton Fire has scorched 1,000 acres and the Hurst Fire has consumed 500 acres.
Gov. Gavin Newsom deployed 1,400 firefighters & declares state of emergency.
Nearly 300,000 residential and/or commercial customers are without power in the LA region.
NWS: Worst fire conditions (high winds) will peak Wednesday morning.
Malibu residents warned about potential evacuation.
Fires ZERO PERCENT CONTAINED
Evacuation Map (via NYT):
* * *
Update (1115ET):
LA County Fire Chief Anthony Marrone told reporters, “We have well over 5,000 acres that have burned and the fire is growing. We have no percentage of containment. We have an estimated 1,000 structures destroyed.”
What on earth is this bird brain doing? Releasing these massive murderers?
Biden Mulls Prisoner Swap With Taliban Involving ‘Last Afghan In Guantanamo’
Tuesday, Jan 07, 2025 – 11:00 PM
Less than two weeks to go in his lame-duck presidency before Trump takes office, and President Biden is pursuing the controversial move of emptying out Gitmo further. On Monday the Pentagon confirmed it released 11 Yemeni detainees with suspected ties to al Qaeda from the Guantanamo Bay prison in Cuba, after which they are set to begin new lives in Oman, as we detailed earlier. This has shrunk the population of the facility to 15 men.
None of the detainees have ever been charged with a crime, despite having been in the high-secure military facility for a couple decades or more. The Biden administration has long sought to move forward Obama’s stated goal of seeking to permanently shutdown the notorious facility where torture has been alleged and documented.
On Tuesday another major potential released has been revealed: the White House is now negotiating with the Taliban which could end in the release of a high-profile prisoner long alleged to have been a close Osama bin Laden associate. Muhammad Rahim al Afghanihas long been deemed “the Last Afghan in Guantanamo”.
The Wall Street Journalreports that the Democratic administration “has been discussing a deal with the Taliban since at least July, told the group on Nov. 14 that the U.S. would release Muhammad Rahim al Afghani, who the U.S. government alleges was a senior al Qaeda aide, if the Afghan rulers released George Glezmann, Ryan Corbett and Mahmoud Habibi, American citizens seized in Afghanistan in 2022.”
Rahim, if the swap goes through, could be freed alongside two others prisoners the Taliban is seeking in exchange for Americans Glezmann and Corbett. However, things are already complicated as the Taliban denies that it is holding Habibi.
The potential deal has apparently been in the works for several weeks at this point, given national security adviser Jake Sullivan briefed House Foreign Affairs Committee members in a classified session on Dec.17. The WSJ has cited him as saying that no decision has yet been made.
If Biden goes through with it, he’ll be hammered by Trump and Republicans, and it will also revive criticisms of the botched Afghan withdrawal which ended in the deaths of many American troops as well as Afghan civilians:
The Taliban’s offer poses a dilemma for Biden. He has prided himself on securing the release of American hostages around the world, bringing home more than 70 people over the past four years. But handing over Rahim, long seen by the U.S. government as a high-profile prisoner, and potentially other Afghan prisoners held in U.S. custody might spark criticism.
But at the same time, Gitmo seems to belong to another era—the ‘Global War on Terror/GWOT’ Bush era of CIA black sites, extraordinary rendition, and the ability of military prosecutors to lock people up for decades without so much as a formal charge.
Ironically the terror situation globally is arguably far worse than it was when Rahim and other AQ operatives were initially apprehended on central Asian battlefields and locked up, thanks to Washington itself.
In 2015 the CIA directly helped a coalition of jihadists which make the Gitmo guys look like ‘moderates’ take Idlib province from Assad. These same NATO/Gulf-backed Idlib terrorists now hold all of Syria in the wake of Assad’s overthrow, and the Biden administration has positively celebrated it.
The real scandal…
The U.S. State Dept.’s own numbers: read the full report HERE at STATE.GOV
Yet Fox-style conservatives are now going to boil with rage over Biden “selling out America” by freeing Gitmo prisoners, but all the while the same ‘Fox-Cons’ will barely bat an eye over the ISIS-style terrorists now controlling Damascus. The mainstay of the Republican party has also been completely silent over America having armed Sunni hardline jihadists from Libya to Syria for more than the past decade, more content to make a national scandal over who gets released from Gitmo – all the while also dutifully ignoring the obvious Saudi state connections to 9/11.
And then there’s also the fact that the jihadists of central Asia, including the Taliban itself, were trained and supported by the CIA and allied intelligence services throughout the 1980s as part of the Afghan-Soviet war. The US deep state doesn’t like when average Americans actually dig in to history, where they discover that there are few terrorists or foreign dictators that Washington didn’t initially create or at least support at some point.
end
ROBERT H
What Is The Economic Value Of Greenland And Why Does Trump Want It So Badly?
How do you bolster a balance sheet? You pay in dollars which you control and scoop up natural resources worth many times more in value at a fraction of the market price and use that to bolster the sagging value and use. Great move if it can be pulled off.
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
A great read
Victor Davis Hanson: FBI “Afraid” Trump Will “Re-Examine” Conduct
Wednesday, Jan 08, 2025 – 06:55 AM
Victor Davis Hanson said on Monday that he thinks the FBI is “afraid” of the incoming Trump administration over the possibility that their shady dealings will be ‘re-examined.’
Speaking with Fox News on Monday about new evidence released of a suspect in the DC pipe bomb case, the Hoover Institution Senior Fellow told host Laura Ingraham;
“I think they’re afraid the narrative changed over the four years, and they were afraid to release any information during the election. Now they feel that there’s a new administration and there might be some exposure or culpability. They’re afraid that if they were Donald Trump and they had suffered what they did to him, they would be very frightened the way they think,” adding “So they think Donald Trump is going to re-examine a lot of this.”
A new video published by the FBI’s DC Field Office shows a suspect appearing to plant a bomb near the Democratic National Committee.
Hanson went on to call out what he said were the FBI’s “lies,” highlighting the neglect to immediately release Lt. Michael Byrd’s identity after fatally shooting Ashli Babbitt during the Jan. 6 riot. The senior fellow additionally cited the number of charges brought against attendees of the Jan. 6 attack compared to those not charged during the 2020 Black Lives Matter (BLM) riots. –Daily Caller
“A lot of the things they said, Laura, were abject lies,” Hanson continued. “There were not four officers killed. There were not 10 people killed. There was only one violent death, we think, and that was a Trump supporter, Ashli Babbitt. Then there was no need to hide Officer Byrd’s identity. Anytime an officer lethally shoots an unarmed person in this country, they’re identified. For some reason, they wanted to suppress that.”
Watch:
“They wanted to suppress the FBI video. They wanted to suppress the information about Lynn [sic] Cheney, maybe witness tampering, that’s alleged,” Hanson continued. “They wanted to suppress some of the erosion of the evidence. They didn’t tell us how many people were charged. It ended up [with] 1,500 felony charges. It was [an] almost 75% conviction rate. That never happens. Compare that with the 14,000 people that were arrested in 2020. Almost 90% of them were never charged or indicted. They were released. So there was a lot of things that they want to suppress.”
END
KING REPORT
The King Report January 8, 2025 Issue 7406
Independent View of the News
Nvidia CEO set to take stage at CES just after shares hit record high CES 2025, formerly known as the Consumer Electronics Show, runs Jan. 7-10 in Las Vegas and is used to debut products… Huang is scheduled to take the stage at 9:30 p.m. ET.. https://finance.yahoo.com/news/nvidia-ceo-set-stage-ces-002616904.html
NVIDIA AT CES: Nvidia Expands AI Reach with Automotive, Robotics Initiatives Huang started his presentation by announcing that the company’s latest generation AI processor, Blackwell, is now in full production… Those new GPUs are the GeForce RTX 50-series, targeted at gamers and creators, which will be available this month. He also revealed RTX 50-series laptops, due out in March. During his keynote speech at the Michelob Ultra Arena at Mandalay Bay, Huang detailed Nvidia’s efforts to advance “physical AI.” That term covers autonomous vehicles, factories and robots, including humanoid robots… At CES 2025, the AI chip leader launched Nvidia Cosmos, a computing platform for accelerating physical AI development… https://t.co/VrfnnuqmI6
@DarioCpx: This NVDA CES event was so obviously a failure across the board, from the muted reaction of the huge crowd to the struggle of all sycophant MSM to find anything good to spin a bullish narrative…
Nvidia Slips After Product Event Leaves Investors Wanting More – BBG
The recent Nvidia rally was the usual suspects front-running Huang’s appearance and NVDA shilling at the CES. On Tuesday, the usual suspects tried to dump their NVDA onto patsies. NVDA hit a high of 153.03 on the NYSE opening and cascaded to a low of 140.44 at 10:42 ET.
On Tuesday, the odds of Fed rate cuts plunged on stronger than expected US economic data, particularly the surge to 64.4 from 58.2, a 22-month high (65.1 in 2/23), in ISM Services inflation for December.
December ISM Services Index 54.1, 52.1 prior, 53.5 expected. New Orders 54.2 as expected, 53.7 prior Employment 51.4 as expected, 51.5 prior
@FrogNews: BLS just released November Job Opening data. 833k less openings than a year ago. We continue to see declines in openings for info tech, which really makes the H1-B argument a tough one. Why import labor for a shrinking industry? https://x.com/FrogNews/status/1876648585544204758 Table one from the BLS Job Opening report. The biggest decrease in job openings the last 12 months by far came in the tech sector. But for some reason we need more H-1B visas. Nearly all of which go to the tech sector… https://x.com/FrogNews/status/1876650553058726066
Bonds got hammered; USHs declined as much as 1 5/32, to a low of 111 31/32.
Gold rallied sharply while Bitcoin sank. These inflation hedges have been trading diametrically.
ESHs rallied moderately after the Nikkei opening. But they quickly commenced a decline that persisted until 0:21 ET. A manipulation for the 1:00 ET Nikkei close pushed ESHs to 6017.00 from 6007.00. ESHs then traded sideways with a slight upward bias until they rallied and turned positive near 3:37 ET.
ESHs quickly returned to range trading, with a slight upward bias, until buying for the NYSE opening commenced near 8:40 ET. ESHs hit a daily high of 6045.50 at the NYSE opening. They then plunged to a daily low of 5969.50 at 10:45 ET. After a bounce to 6004.50 at 10:57 ET, ESHs declined to a new daily low of 5962.75 at 12:50 ET. The afternoon rally then materialized.
The afternoon ESH rally coincided with the US 10-year Auction. Results appeared at 13:00 ET, and they were not good: $39.0B at 4.680% (highest auction % since 2007) vs 4.678% WI, Bid-to-cover 2.53, 2.7 prior auction, Dealers awarded 15.6% vs 10.5% prior auction; Direct Bidders 23% vs 19.5% prior auction; Indirect Bidders 61.4% vs 70.0% prior auction. USHs rallied 5 ticks after the results, which is the normal manipulation by dealers to euchre the public into buying their merchandise. USHs then slid.
The ESH rally ended 7 minutes after the USH rally ended (13:18 ET). ESHs tumbled from 5990.75 to 5935.00 at 15:36 ET. Then, a desperate and illegal manipulation pushed ESHs to 5952.50 at 15:40 ET. After a modest retreat, the final manipulation pushed ESHs to 5957.50 at 16:00 ET.
Positive aspects of previous session The DJTA rallied modestly; the late ESH manipulation truncated equity losses.
Negative aspects of previous session Stocks got hammered until the late manipulation truncated losses. USHs declined as much as 1 5/32 were -1 3/32 at the NYSE close. The US had another soft Treasury Auction (10-year); the 3-year on Monday: 4.332% vs 4.32% WI Fangs declined sharply. Gold rallied smartly.
Ambiguous aspects of previous session Will some entity emerge and save stocks?
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5933.46 Previous session S&P 500 Index High/Low: 6000.68; 5890.68
Zuckerberg averred that there has been too much political bias and “too much censorship.” He implicitly admitted that the US government used stooges and intimidation to censor free speech.
@nataliegwinters: Biden will “reduce barriers to legal migration” with new DHS regulations set to begin on January 17th. Noncitizens from any country – even hostile – are now eligible. They are trying to sabotage Trump. https://t.co/LEr8DILcbb
Biden admin working to effectively ban cigarettes in 11th hour proposal a ‘gift’ to cartels, expert sayshttps://t.co/yNOLZbOlcX
Biden admin secretly releases 11 al Qaeda-linked prisoners including two former bodyguards for Osama bin Laden from Guantanamo Bay https://t.co/R2qCPpfpYx
The Big Guy is a bitter, petty, old POS or he is so addled that his bitter, juvenile, and petty handlers are vindictively making 11th-hour F-U acts.
Speaker Mike Johnson (@SpeakerJohnson) on Mon, Jan 06, 2025: Today, we officially certified President Trump’s LANDSLIDE victory. And for the first time since 1988, not a single House Democrat objected to the certification of a Republican victory. That’s because it was TOO BIG to RIG.
@SkyNews: The US is “inheriting a difficult situation from the outgoing administration” says the president-elect. “Inflation is continuing to rage and interest rates are far too high,” Donald Trump says. https://x.com/SkyNews/status/1876671234039066767
Trump: “We are going to be changing the name of the Gulf of Mexico to the Gulf of America.” (Why?)
Trump: Will Open Up Drilling in Alaska Wildlife Refuge – BBG 11:42 ET Trump: Under Discussion with Panama about Canal – BBG 11:48 ET Trump: Something Will Have to Be Done with Canada, Mexico Trade – BBG 11:50 ET Trump: Need Panama, Greenland for Economic Security – BBG 11:58 ET Trump Refuses to Rule Out Economic, Military Tools for Panama – BBG 12:03 ET Trump Refuses to Rule Out Economic, Military Tools in Greenland – BBG Trump: NATO Countries Should Be Spending 5% (of GDP) – BBG Trump: Will Be Making Major Pardons (Re: Jan. 6) – TWT Trump: Denmark Should Give Greenland Up – BBG 12:16 ET Trump Threatens Denmark with Tariffs over Greenland – BBG 12:17 ET Trump: Considering Economic Force for Canada – BBG 12:19 ET Trump: We Don’t Need Anything that Canada Has – BBG 12:21 ET Trump: We Have a Right NOT to Help Canada with Financial Issues – BBG 12:21 ET
The Hill: Trump: “Interest Rates Are Far Too High” 12:23 ET “We are inheriting a difficult situation from the outgoing administration, and they’re trying everything they can to make it more difficult. Inflation is continuing to rage, and interest rates are far too high,” Trump said during a press conference at his Mar-a-Lago club… https://thehill.com/business/5071561-trump-criticizes-federal-reserve-inflation/
“Whom the gods would destroy, they first make mad.” – Euripides
@paulsperry_: Pres-elect Trump insisted Jan. 6 wasn’t an “armed insurrection” b/c no guns found & only person killed was MAGA supporter: “Ashli Babbitt was shot for no reason whatsoever” by USCP Lt. Byrd. He also suggested FBI is covering up pipe bomber ID, adding AG Bondi will sort it out.
@charliekirk11: President Trump issues a fierce warning to Hamas if they refuse to free the Oct. 7 hostages: “If the deal isn’t done before I take office, which is now going to be two weeks, all hell will break out in the Middle East.” https://x.com/charliekirk11/status/1876681855891825013
@FoxNews: The Laken Riley Act passes the House, requiring federal immigration authorities to detain illegal immigrants found guilty of theft-related crimes. All voting Republicans supported the bill, along with 48 Democrats. It will now be sent to the Senate. (159 Dems voted ‘No’)
@sentdefender: Turkish President Recep Tayyip Erdogan warned that Turkey will intervene if necessary to prevent the division of Syria, especially in areas controlled by the Kurdish-dominated Syrian Democratic Forces (SDF). Erdogan emphasized that Turkey has the power to act decisively, and stated that any sign of Syria’s partition would prompt swift action, with the aim of preventing a “terror corridor” along Turkey’s southern borders. He reiterated Turkey’s view that the People’s Defense Units (YPG), a group within the SDF, is a terrorist organization linked to the Kurdistan Workers’ Party (PKK), which Turkey has long opposed. @GOPIsrael: This is a threat that directly affects both the US and Israel. Very troubling.
Israel must prepare for potential war with Turkey, Nagel Committee warns: The Jerusalem Post The committee, established by the government, warns that Turkey’s ambitions to restore its Ottoman-era influence could lead to heightened tensions with Israel, possibly escalating into conflict. https://www.jpost.com/israel-news/article-836362
Today – The Monday Rally and the Turnaround Tuesday to the upside operation failed. The end of 2024 and the start of 2025 are going poorly – in a timeframe when stocks usually rally smartly. The Santa Rally has been a Santa Decline. ‘As goes the first week of January’ is NOT being promoted.
Technically, stocks have been in trouble since the DJIA peak on December 4. The Mag 7/Fang/Nvidia bubbles have kept the general market from tanking. This bubble has kept undiscerning investors and traders ‘in the market’ despite Mr. Bond’s cacophonous tantrum against Fed rate cuts and US debt.
The onus is now on bulls and shills to get stocks to rally and prevent momentum selling. Big Mo is now on the downside for equities. If Mag 7/Fangs crack, look out!!!
The NY Fang+ Index peaked at 13871.47 on December 16. The first reaction high was 13702.21 on December 12. The second reaction high was 13651.57 on January 6. There is a noticeable double bottom/support near 13000 (12/20 and 1/2/25). There is also support from a series of December 5 through December 11 near 12930. Be prepared!
ESHs are +9.25; NQHs +51.75; and USHs +3/32 at 20:12 ET. Traders are getting long for a rally!
Expected Economic Data: Dec ADP Employment Change 140k; Initial Jobless Claims 215k, Continuing Claims 1.862m; Nov Wholesale Inventories -0.2% m/m, Wholesale Sales 0.2%; FOMC Minutes 12/18; Nov Consumer Credit $10.5B: Fed Speaker: Fed Gov Waller 8:30 ET
S&P Index 50-day MA: 5950; 100-day MA: 5814; 150-day MA: 5694; 200-day MA: 5566 DJIA 50-day MA: 43,442; 100-day MA: 42,609; 150-day MA: 41,586; 200-day MA: 40,899 (Green is positive slope; Red is negative slope)
S&P 500 Index (5909.03 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 6089.00 triggers a buy signal Hourly: Trender and MACD are negative – a close above 5982,18 triggers a buy signal
Starmer Says Musk Attacks on UK Mean Line Has Been Crossed The UK Prime Minister said a “line has been crossed” after one of his ministers, Jess Phillips, received threats in the wake of posts on X by Musk that she was a “rape genocide apologist” who should go to prison for her handling of a child sex abuse scandal in the UK… https://www.yahoo.com/news/starmer-says-musk-attacks-uk-111139586.html
@ben_kew: According to BBC Newsnight, Britain’s socialist government are considering ending their security partnership with the U.S. unless Donald Trump distances himself from Elon Musk’s views on grooming gangs. https://x.com/ben_kew/status/1876441593936314500
Special forces soldier who blew up Cybertruck outside Trump hotel in Las Vegas used generative AI (to plan attack): copshttps://trib.al/QaHOvqy
@JCNSeverino: The knives are out for (Dem Sen.) Dick Durbin. Sheldon Whitehouse *really* wants to be the ranking Democrat on the Judiciary Committee, and it looks like he’s getting Jennifer Rubin and Larry Tribe to attack Durbin in the Washington Post as too “weak” to serve in the position again. https://x.com/JCNSeverino/status/1876648287358664858
New Jersey ends basic reading and writing skills test requirement for teachershttps://trib.al/6vsimV4
@illinoispolicy: Chicago’s pensions are eating the city alive. Property taxes have doubled in a decade—yet pensions remain underfunded by $440 million annually. https://t.co/EAK4A5VYJz
—
SWAMP STORIES FOR YOU TONIGHT
Trump Asks Supreme Court To Halt Sentencing In Hush Money Case
Wednesday, Jan 08, 2025 – 09:25 AM
Donald Trump petitioned the US Supreme Court to postpone his sentencing in the Stormy Daniels/hush money case, scheduled for Friday, Jan. 10. This move comes after a New York appeals courts rejected his requests for a delay, including a recent denial from the state’s appeals court, the Epoch Times reported.
This move comes after New York courts rejected his requests for a delay, including a recent denial from the state’s appeals court.
Trump’s legal team filed an emergency request with the nation’s highest court on Wednesday, arguing that proceeding with the sentencing could cause “grave injustice and harm to the institution of the Presidency and the operations of the federal government,” according to The Associated Press.
The Supreme Court requested a response from New York prosecutors by Thursday.
The case, presided over by New York Supreme Court Justice Juan Merchan, resulted in Trump’s conviction in May 2024 on 34 felony counts of falsifying business records. Merchan has indicated that he does not intend to impose jail time, fines, or probation at the sentencing, and in fact the only reason for the sentencing is so CNN/MSNBC can officially claim that Trump is a convicted felon.
President Joe Biden in a Jan. 5 interview confirmed that he is considering whether to issue preemptive pardons.
White House officials have said that Biden plans to issue additional pardons and commutations before his term ends.
Preemptive pardons would differ from those Biden has already issued and those issued by other presidents in their final days in office. They would protect people from prosecution for charges that have not yet been brought, reports Zachary Stieber at The Epoch Times.
“Some of your supporters have encouraged you to issue preemptive pardons to people like Liz Cheney and Anthony Fauci … will you do that?” USA TODAY’s Susan Page asked Biden during the interview.
The individuals suggested have drawn criticism from President-elect Donald Trump, who is set to take office again on Jan. 20.
Biden referenced a meeting with Trump at the White House in November 2024.
“I tried to make it clear that there was no need, and it was counterintuitive for his interest to go back and try to settle scores,” Biden said, recounting the conversation they had.
Trump did not respond directly to that advice, according to the president.
“He didn’t. But he didn’t say, ‘No, I’m going to…’ You know. He didn’t reinforce it. He just basically listened,” Biden said.
“So you haven’t decided yet. You’re still assessing this issue?” Page asked.
“No, I haven’t,” Biden responded. “A little bit of it depends on who he puts in what positions,” Biden said.
The Trump transition team did not respond to a request for comment. Inquiries sent to the employers of Cheney and Fauci were not returned.
Biden in late 2024 pardoned his son, Hunter Biden, whom a jury convicted of federal gun charges and who pleaded guilty to intentionally failing to pay taxes.
Biden later pardoned another 39 people and commuted the sentences of some 1,500 others, including 37 death row prisoners.
One individual floated as a possible preemptive pardon candidate is Hillary Clinton, the former secretary of state.
Clinton, who mishandled confidential emails and whose campaign funded opposition research against Trump, was included in a list compiled by Kash Patel, Trump’s nominee for FBI director.
The list, Patel has said, are participants in the so-called deep state.
Clinton’s husband, former President Bill Clinton, has said that he does not think Biden should preemptively pardon his wife.
“I hope he won’t do that,” he said during a recent television appearance on Dec. 11.
A Clinton Foundation spokesperson did not return a request for comment.
Biden this month awarded Cheney, who was mentioned during the interview, a Presidential Citizens Medal for her work as vice chair of a House panel that investigated the Jan. 6, 2021, breach of the U.S. Capitol. Biden said Cheney and other former officials who received the medal in the ceremony had “dedicated their careers to serving our democracy” and “served in difficult times with honor, decency and ensure our democracy delivers.”
END
GREG HUNTER INTERVIEWING TOM HAVILLAND
Embalmers Keep Finding Fibrous CV19 Vax Clots – Tom Haviland
The results of the third annual “2024 Worldwide Embalmer Blood Clot Survey” are out, and the findings are both gruesome and scary. Retired Airforce Major Tom Haviland has been doing this survey ever since he was fired from his job at Wright-Patterson Air Force Base in 2021 for NOT taking the CV19 bioweapon vax. Haviland is the only one in the world doing a survey of embalmers from around the world to reveal the “unusual phenomenon of large, grotesque ‘white fibrous clots’ in the veins and arteries of corpses.” Haviland got the idea to start the survey of embalmers after seeing the movie “Died Suddenly.” Haviland explains, “About half the movie is about six or seven embalmers that started to find these white fibrous clots in the corpses they were embalming. . . . At the 13-minute mark, an amazing statement is made. An embalmer from Indiana, Wallace Hooker, was lecturing at an Ohio embalmer’s conference in Columbus, Ohio, on the 26th of October in 2022. He was lecturing to a room of about 100 embalmers. He showed them photographs of the white fibrous clots he had been pulling out of his corpses for the last year or so, and he asked by a show of hands how many of you are seeing these white fibrous clots? He said almost the entire room of 100 embalmers raised their hands and said yes. He then asked when did you start seeing them? They all said about six months after the Covid vaccines rolled out.”
So, Haviland started his own worldwide survey of embalmers three years ago. In his latest 2024 survey of embalmers from around the world, “white fibrous clots appeared in a weighted average of 27.5% of corpses.” Also, in the 2024 survey of embalmers, some 83% are seeing these long fibrous clots. Haviland says this year’s 2024 survey shows the trend is increasing and not decreasing. Haviland says, “This is a phenomenon that the embalmers never saw before 2020. Prior to 2020, they only saw two types of clots. One is called ‘grape jelly’ clots, and they look like dark grape jelly. They dissolve easily in your hand like grape jelly does. There is also something called ‘chicken fat’ clots that are much smaller, yellow and tear very easily. They are much different than these large, long white fibrous clots. They can grow up to two feet long, and they are tough, rubbery and elastic. Embalmers in my survey have never seen these before. They are very, very unusual.”
Haviland says many in the embalmer community do NOT want to participate in his survey. This year, Haviland got 301 embalmers to participate out of thousands of requests to take the clot survey. Haviland says, “We only got about 300 responses to this year’s survey because there is a reluctance of funeral directors and funeral directors associations to talk about this, which is very interesting. . . .This is not a rare phenomenon that clots are prevalent. There is no way around this. These things are causing strokes and heart attacks. The embalmers are insistent that the clots are forming before death. They are picking up bodies that have not been refrigerated yet, an hour or two old, and they are finding them littered with clots. No way the clots could have formed in the hour or two after the person passed.”
These white fibrous clots are for the living, too. Haviland says, “I have been in touch with a cardiologist and vascular specialist in Jacksonville, Florida, who says he has been pulling these white fibrous clots, the very same ones, out of living people in the last three years. . . . Another doctor I know . . . who said he is pulling anywhere between 3 to 10 of these white fibrous clots out of his patients every week. These doctors do have the CV19 vax records, and they say every time they pull one of these long clots out of people, 99% of the time they have been vaccinated with between 1 to 8 CV19 shots. Doctors I talk with say it seems the more shots they have taken, the worse the clotting seems to be.”
In closing, Haviland reminds us that his survey results are sent to the FDA, NIH and the CDC. Haviland says, “The tragedy here is, here I am a retired major, and the last three years I have done these surveys, I immediately submit all results to the FDA, CDC and NIH. Would you believe in the 3 years I have done this, I have not gotten a response from them on these embalmer surveys. It’s just crickets back from them. . . . I also did a special survey from catheterization lab workers, for doctors, to see what they were seeing in their patients. I submitted that to the Society for Vascular Surgeons in the United States, UK, Canada, Australia and New Zealand. None of those responded. I did get an email back from the US Society for Vascular Surgery in Rosemont, Illinois, and they said they decline to participate . . . They have 6,300 members, and they chose not to distribute the survey to their 6,300 vascular surgeons to ask what is going on.”
There is lots for free information on Laura Kasner’s Substack called “Clotastrophe.” This is where Tom Haviland posts his survey work. There is zero charge to visit this site.
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