Jan 5 · by harveyorgan · in Uncategorized · Leave a comment·Edit

“What man makes, man can destroy. The value or purchasing power of the dollar (fiat currency) can collapse. But gold cannot be devalued, because it’s not beholden to any man or any sovereign government. Gold’s value is based on 6,000 years of history, and its value lies outside the system. The US Treasury now values its gold as $42.20 an ounce. The world doesn’t give a damn what the US Treasury values its gold at. The world is saying that an ounce of gold is worth $1250 dollars, and the hell with the gold-haters.” … Richard Russell over a decade ago and meant for the likes of the Mark Cubans of the world

GOLD PRICE CLOSED: DOWN $17.05 at $1835.55

SILVER PRICE CLOSED: DOWN $0.50  to $23.30

Access prices: closes : 4: 15 PM

Gold ACCESS CLOSE 1833.40

Silver ACCESS CLOSE: 23.23

Bitcoin morning price:, 16,833 DOWN 26 DOLLARS   

Bitcoin: afternoon price: $16,869 UP  10  dollars

Platinum price closing  $1064.20 DOWN $14.15

Palladium price; closing 1753.00 DOWN $25.60

END

Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

I will now provide gold in Canadian dollars, British pounds and Euros/4: 15 PM ACCESS

CANADIAN GOLD: $2489.90 DOWN $11.36 CDN dollars per oz

BRITISH GOLD: 1539.22 UP 0.65 pounds per oz

EURO GOLD: 1742,98 DOWN 5.91  euros per oz

EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: JANUARY 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,852.800000000 USD
INTENT DATE: 01/04/2023 DELIVERY DATE: 01/06/2023
FIRM ORG FIRM NAME ISSUED STOPPED

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118 C MACQUARIE FUT 4
737 C ADVANTAGE 6 3
800 C MAREX SPEC 4 3

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TOTAL: 10 10
MONTH TO DATE: 704

JPM received 0/10 contracts  (stopped)

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GOLD: NUMBER OF NOTICES FILED FOR JAN/2023. CONTRACT:   10 NOTICES FOR 1000  OZ  or  0.03110 TONNES

total notices so far: 704 contracts for 70400 oz (2.1897 tonnes)

 

SILVER NOTICES: 70 NOTICE(S) FILED FOR 350,000 OZ/

 

total number of notices filed so far this month  810 for 4,050,000  oz

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END

GLD

WITH GOLD DOWN $17.05

INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD//BIG CHANGES IN GOLD INVENTORY AT THE GLD: /////BIG CHANGES IN GLD INVENTORY: /A WITHDRAWL OF .87 TONNES FROM THE GLD//

INVENTORY RESTS AT 916.77 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 50 CENTS

AT THE SLV// :/HUGE CHANGES IN SILVER INVENTORY AT THE SLV//A WITHDRAWAL OF 1.10 MILLION OZ FROM THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 505.45 MILLION OZ (THIS IS ALSO A CRIME SCENE@!!!!

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A HUGE SIZED 1219 CONTRACTS TO 133,209 AND CLOSER TO  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR  $0.26 LOSS IN SILVER PRICING AT THE COMEX ON WEDNESDAY.  OUR SHORTERS/HFT WERE  SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.26 BUT WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS, AS WE HAD A HUMONGOUS GAIN ON OUR TWO EXCHANGES OF 1627 CONTRACTS. AS WELL WE HAD A ZERO OZ OF AN EXCHANGE FOR RISK TRANSFER ( 0 CONTRACTS).  WE HAD ATTEMPTED SPEC SHORT COVERINGS WITH LIMITED SUCCESS .  WE ALSO  HAD MINOR SHORT ADDITIONS WITH THE FALL IN PRICE OF SILVER. // OUR  BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. BUT THEY ALSO SUPPLIED THE NECESSARY SHORT CONTRACTS>>> HUGE  INCREASE OF NEWBIE SPEC LONGS ADDING TO THEIR POSITIONS CAUSING ADDITIONAL MISERY TO OUR SHORTERS.

WE  MUST HAVE HAD: 
A HUGE  ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT  4,055. MILLION OZ FOLLOWED BY TODAY’S QUEUE. JUMP  OF 35,000 OZ//NEW STANDING 4.150 MILLION OZ //  V)   HUGE SIZED COMEX OI GAIN/ FAIR EFP ISSUANCE/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL  + 10

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 3 days, total 2233 contracts:   OR 11.17  MILLION OZ PER DAY. (744 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 11.17 MILLION OZ

.

LAST 17 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 

JAN 2022//  90.460 MILLION OZ

FEB 2022:  72.39 MILLION OZ//

MARCH: 207.430  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

JAN 2023///   11.17 MILLION OZ

RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1219 DESPITE OUR  $0.26 LOSS IN SILVER PRICING AT THE COMEX// WEDNESDAY.,.  THE CME NOTIFIED US THAT WE HAD A FAIR  SIZED EFP ISSUANCE  CONTRACTS: 408 CONTRACTS ISSUED FOR MAR 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 JAN OF  4.055 MILLION  OZ FOLLOWED BY TODAY’S QUEUE JUMP OF 35,000 /  //NEW STANDING INCREASES TO 4.150 MILLION OZ + EFR 2.5 MILLION = 6.650 MILLION OZ.  .. WE HAVE A HUGE SIZED GAIN OF 1617 OI CONTRACTS ON THE TWO EXCHANGES FOR 8.085 MILLION  OZ.. THE SILVER SHORTS ARE NOW TRAPPED AS THEY ARE HAVING CONSIDERABLE DIFFICULTY IN COVERING THOSE SHORTS.

 WE HAD  70  NOTICE(S) FILED TODAY FOR  350,000   OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE  BY A STRONG SIZED 8015  CONTRACTS  TO 458,814 AND CLOSER TO  THE RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED 1406  CONTRACTS.

.

THE STRONG SIZED INCREASE  IN COMEX OI (9428 CONTRACTS) CAME WITH OUR  $32.40 GAIN IN PRICE. WE ALSO HAD A SMALL INITIAL STANDING IN GOLD TONNAGE FOR JAN. AT 2.1710 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 12 CONTRACTS OR 1200 OZ  //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S ) (EFP is the transfer of  contracts immediately to London for potential gold deliveries originating from London). NEW STANDING 2.230 TONNES

YET ALL OF..THIS HAPPENED WITH OUR HUGE $32.40 GAIN IN PRICE  WITH RESPECT TO WEDNESDAY’S TRADING

WE HAD A STRONG SIZED GAIN OF 9,065 OI CONTRACTS (32.56 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1050 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 457,408

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 10,471 CONTRACTS  WITH 9421 CONTRACTS INCREASED AT THE COMEX AND 1050 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 10,471 CONTRACTS OR 32.56 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1050 CONTRACTS) ACCOMPANYING THE STRONG SIZED GAIN IN COMEX OI (8015) TOTAL GAIN IN THE TWO EXCHANGES 9065 CONTRACTS. WE NO DOUBT HAD 1) ATTEMPTED  SPECULATOR SHORT COVERINGS TO NO AVAIL // CONTINUED GOOD BANKER ADDITIONS BUT THEY ALSO SUPPLIED THE NECESSARY PAPER SHORT.  WE  HAD ZERO SHORT SPEC ADDITIONS/// // HUGE  NEWBIE SPEC  ADDITIONS  ,2.) SMALL INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 2.1710 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 1200 OZ /NEW STANDING 2.3390 TONNES///3) ZERO LONG LIQUIDATION //.,4)   STRONG SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023 INCLUDING TODAY

JAN

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

4234  CONTRACTS OR 423,400 OZ OR 13.169 TONNES 3 TRADING DAY(S) AND THUS AVERAGING: 1411 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 3 TRADING DAY(S) IN  TONNES:13.169   TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  13.169/3550 x 100% TONNES  0.369% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023 

JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

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

MARCH:.   276.50 TONNES (STRONG AGAIN/

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

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

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

DEC.           175.62 TONNES//FINAL ISSUANCE// 

JAN:2022   247.25 TONNES //FINAL

FEB:           196.04 TONNES//FINAL

MARCH:  409.30 TONNES INITIAL( 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

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

JAN 2023:    13.169 TONNES INITIAL

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 BOTH 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 OCT HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF FEB., FOR BOTH GOLD:

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 (NOV), 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. 

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 HUGE SIZED 1219 CONTRACTS OI TO  133,209 AND CLOSER TO OUR 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  5 YEARS AGO.  

EFP ISSUANCE 408 CONTRACTS

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

MAR  408 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 408 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 1219  CONTRACTS AND ADD TO THE 408 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A GIGANTIC GAIN OF 1627 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. 

THUS IN OUNCES, THE GAIN  ON THE TWO EXCHANGES 8.135 MILLION OZ//

OCCURRED DESPITE OUR 26 CENT LOSS IN PRICE ….. OUR SPEC SHORTS HAVE NOWHERE TO HIDE!

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

end

3. Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,

4. Chris Powell of GATA provides to us very important physical commentaries

end

5. Other gold/silver commentaries

6. Commodity commentaries//CORN

7/CRYPTOCURRENCIES/BITCOIN ETC

3. ASIAN AFFAIRS

i)THURSDAY MORNING//WEDNESDAY  NIGHT

SHANGHAI CLOSED UP 31.70 PTS OR 1.01%   //Hang Sang CLOSED UP 259.06 PTS OR 1.25%     /The Nikkei closed UP 103.94 PTS OR 0.40%           //Australia’s all ordinaries CLOSED UP 0.14%   /Chinese yuan (ONSHORE) closed UP TO 6.8724//OFFSHORE CHINESE YUAN UP TO 6.8754//    /Oil DOWN TO 74.29 dollars per barrel for WTI and BRENT AT 79.26   / Stocks in Europe OPENED ALL GREEN         ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER

a)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/

OUTLINE

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues//COVID ISSUES/VACCINE ISSUES

OUTLINE

7. OIL ISSUES

OUTLINE

8 EMERGING MARKET ISSUES

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 8015 CONTRACTS UP TO 457,408 WITH OUR HUGE GAIN IN PRICE OF $32.40

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE NON-ACTIVE DELIVERY MONTH OF JAN…  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 1050 EFP CONTRACTS WERE ISSUED:  ;: ,  . 0 FEB: 1050 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  1050   CONTRACTS 

WHEN WE HAVE BACKWARDATION,  EFP ISSUANCE IS VERY COSTLY BUT THE REAL PROBLEM IS THE SCARCITY OF METAL AND IT IS FAR BETTER FOR OUR BANKERS TO PAY OFF INDIVIDUALS THAN RISK INVESTORS ESPECIALLY FROM LONDON STANDING FOR DELIVERY. THE LOWER PRICES IN THE FUTURES MARKET IS A MAGNET FOR OUR LONDONERS SEEKING PHYSICAL METAL. BACKWARDATION ALWAYS EQUAL SCARCITY OF METAL!

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED  TOTAL OF 9065 CONTRACTS IN THAT 1684 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED  COMEX OI GAIN OF 8015  CONTRACTS..AND  THIS STRONG SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN  IN PRICE OF $32.40. WE ARE WITNESSING  ZERO SPEC SHORTS ADDITIONS TO THEIR SHORTFALL WITH  ATTEMPTED SPEC SHORT LIQUIDATIONS TO NO AVAIL.. BANKERS CONTINUE  AS NET BUYERS OF COMEX GOLD CONTRACTS AS THEY HAVE BEEN NET LONG FOR THE PAST FEW MONTHS.  WE ALSO HAD STRONG  NEWBIE SPECS ADDITIONS 

// WE HAVE A SMALL AMOUNT OF GOLD TONNAGE STANDING Jan  (2.3390)

TONNES),

 HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 12 MONTHS OF 2021-2022:

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 (TOTAL SO FAR THIS YEAR 591.535 TONNES)

Dec. 64.541 tonnes

JAN/2023: 2.3390 tonnes

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE $32.40)  //// AND WERE ALSO UNSUCCESSFUL IN KNOCKING ANY  SPECULATOR LONGS AS WE HAD A STRONG GAIN OF 9065 CONTRACTS ON OUR TWO EXCHANGES  //    WE HAVE GAINED A TOTAL OI  OF 32.56 PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR JAN. (2.1710 TONNES) FOLLOWED BY TODAY’S QUEUE JUMP OF 1,200 oz  OR .0373 TONNES…THIS WAS ACCOMPLISHED WITH OUR RISE IN PRICE  TO THE TUNE OF $32.40.  

WE HAD – 1406 CONTRACTS  COMEX TRADES REMOVED FROM OPEN INTEREST AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 9065 CONTRACTS OR 906,500 OZ OR 28.195 TONNES

Estimated gold comex today 193,406// fair//

final gold volumes/yesterday  215,060/  fair

INITIAL STANDINGS FOR  JAN 2023 COMEX GOLD //JAN 5//

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	8046.940 oz Brinks   .
Deposit to the Dealer Inventory in oz	nil oz
Deposits to the Customer Inventory, in oz	nil  oz
No of oz served (contracts) today	10 notice(s) 1000 OZ 0.03110 TONNES
No of oz to be served (notices)	48 contracts    4800 oz 0.1493 TONNES
Total monthly oz gold served (contracts) so far this month	704  notices 70400 2.1897 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	xxx oz

i)Dealer deposits: 0

total dealer deposit:  nil oz

No dealer withdrawals

Customer deposits: 0

total deposits: nil oz

 customer withdrawals: 1

i) Out of Brinks:  8046.940 oz

Total withdrawals: 8046.940 oz

total in tonnes: 0.2502  tonnes

Adjustments: 2

Brinks:  3182.949 oz /dealer to customer  

JPMorgan 157,604.197 oz

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 58 contracts having LOST 11  contracts

We had 23 notices served on Wednesday, so we gained 12 contracts or an additional 1200 oz will stand for delivery in this

very non active delivery month of January.  (queue jump) 

February gained 4026  contacts  to 369,934

March gained 61 contracts to stand at 279.

April gained 4085 contracts up to 56,020.

We had 10  notice(s) filed today for 1000 oz 

Today, 0 notice(s) were issued from J.P.Morgan dealer account and  0  notices were issued from their client or customer account. The total of all issuance by all participants equate to  10  contract(s) of which 0   notices were stopped (received) by  j.P. Morgan dealer and 1  notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notice(s) received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the JAN. /2022. contract month, 

we take the total number of notices filed so far for the month (704 x 100 oz , to which we add the difference between the open interest for the front month of  (JAN.  58 CONTRACTS)  minus the number of notices served upon today  10 x 100 oz per contract equals 75,200 OZ  OR 2.3390 TONNES the number of TONNES standing in this    non active month of January. 

thus the INITIAL standings for gold for the JAN contract month:

No of notices filed so far (704 x 100 oz+   (58 OI for the front month minus the number of notices served upon today (10} x 100 oz} which equals 75,200 oz standing OR 2.3390 TONNES in this NON  active delivery month of JAN..

TOTAL COMEX GOLD STANDING:  2.3309 TONNES  (A POOR STANDING//COMEX RUNNING OUT OF PHYSICAL TO SERVE UPON OUR LONGS.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

we had one adjustment of 110,631.591 oz Brinks

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 o

total pledged gold:  2,035,631.296 OZ   63,32 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED:  23,171,710.773 OZ  

TOTAL REGISTERED GOLD:11,171,497.6431 OZ     (347,46 tonnes)..dropping fast

TOTAL OF ALL ELIGIBLE GOLD: 12,000,213.130 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 9,135,866 OZ (REG GOLD- PLEDGED GOLD) 284.163 tonnes//rapidly declining 

END

SILVER/COMEX

JAN 5/2023//INITIAL JAN. SILVER CONTRACT

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	2,791,200.538 oz Brinks CNT JPMorgan
Deposits to the Dealer Inventory	nil OZ
Deposits to the Customer Inventory	1,164,642.452 oz JPMorgan
No of oz served today (contracts)	70 CONTRACT(S)    (350,000 OZ)
No of oz to be served (notices)	20 contracts  (100,000 oz)
Total monthly oz silver served (contracts)	810 contracts  (4,050,000 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 deposits:  nil   oz

i) We had 0 dealer withdrawal

total dealer withdrawals:  oz

We have 1 deposits into the customer account

i)JPMorgan 1,164,642.652  

Total deposits:  1,164,642.652 oz 

JPMorgan has a total silver weight: 152.191 million oz/300.281 million =50.66% of comex .//dropping fast

  Comex withdrawals: 3

i) Out of Brinks:  924,256.780 oz

ii) Out of CNT  1,214,193.380 oz

iii) Out of jPMorgan: 652,750.370 oz

Total withdrawals; 2,791,200.534 oz

adjustments:0

the silver comex is in stress!

TOTAL REGISTERED SILVER: 34.401 MILLION OZ (declining rapidly).TOTAL REG + ELIG. 300.281 MILLION OZ 

CALCULATION OF SILVER OZ STANDING FOR DEC

silver open interest data:

FRONT MONTH OF JAN/2023 OI: 90  CONTRACTS HAVING LOST 65  CONTRACT(S.). WE HAD 72 NOTICES

FILED ON WEDNESDAY SO  WE GAINED 7 CONTRACTS OR 35,000 OZ WERE  QUEUE JUMPED BY THE BANKERS TO OBTAIN SOME SILVER OVER HERE. 

FEB> LOST 6 CONTRACTS TO 198 CONTRACTS

March GAINED 632 CONTRACTS UP TO 117,530 contracts

TOTAL NUMBER OF NOTICES FILED FOR TODAY:  70 for  350,000 oz

Comex volumes// est. volume today  59,568//good  

Comex volume: confirmed yesterday: 64,635 contracts ( very good)

To calculate the number of silver ounces that will stand for delivery in JANUARY. we take the total number of notices filed for the month so far at 810 x  5,000 oz = 4,050,000 oz 

to which we add the difference between the open interest for the front month of JAN(90) and the number of notices served upon today 70 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the JAN./2023 contract month: 704 (notices served so far) x 5000 oz + OI for the front month of JAN (90 – number of notices served upon today (70) x 500 oz of silver standing for the JAN. contract month equates 4.150 million oz

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

Comex volumes:67,962// est. volume today//   good

Comex volume: confirmed yesterday: 41,862 contracts ( poor)

END

GLD AND SLV INVENTORY LEVELS

JAN 5/WITH GOLD DOWN $17.05 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES FORM THE GLD////INVENTORY RESTS AT 916.77 TONNES

JANUARY 4/WITH GOLD UP $32.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 917.64 TONNES

JAN 3/WITH GOLD UP $20.00 TODAY: SMALL CHANGES IN GOLD INVENTORY AT THE GLD:STRANGE: A WITHDRAWAL OF .87 TONNES FORM THE GLD////INVENTORY RESTS AT 917.64 TONNES

DEC 30/WITH GOLD UP $.80 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 918.51 TONNES

DEC 29//WITH GOLD UP $8.35 TODAY:; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 918.51 TONNES

DEC 28/WITH GOLD DOWN $6.80 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE DEPOSIT OF 5.50 TONNES INTO THE GLD..//INVENTORY REST S AT 918.51 TONNES

DEC 27/WITH GOLD UP $18.15 TODAY: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 913.01 TONNES

DEC 23/WITH GOLD UP $19,15 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 913.88 TONNES/

DEC 22/WITH GOLD DOWN $29.35 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 913.88 TONNES

DEC 21/WITH GOLD FLAT TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.74 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 913.88 TONNES

DEC 20/WITH GOLD UP $27.05: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.73 TONNES INTO THE GLD////INVENTORY RESTS AT 912.14 TONNES

DEC 19/WITH GOLD DOWN $2.10: HUGE CHANGES IN GOLD INVENTORY AT THE GLD> A BIG WITHDRAWAL OF 3.47 TONNES FROM THE GLD//INVENTORY RESTS AT 910.41 TONNES

DEC 16/WITH GOLD UP $12.45: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.32 TONNES INTO THE GLD//INVENTORY RESTS AT 913.88 TONNES

DEC 15//WITH GOLD DOWN $31.00: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 911.56 TONNES

DEC 14/WITH GOLD DOWN $6.20: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.32 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 912.72 TONNES

DEC 13/WITH GOLD UP $32.75: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.32 TONNES INTO THE GLD///INVENTORY RESTS AT 910.41

DEC 12/WITH GOLD DOWN $17.60: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.09 TONNES

DEC 9/WITH GOLD UP $8.90//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.09 TONNES

Dec 8/WITH GOLD UP $4.05, OVER THE PAST 3 WEEKS WE LOST 2.04 TONNES//INVENTORY RESTS AT 908.09 TONNES

NOV 14/WITH GOLD UP $7.30: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD///INVENTORY RESTS AT 910.12 TONNES

NOV 11/WITH GOLD UP $15.25//BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.19 TONNES INTO THE GLD////INVENTORY RESTS AT 911.57 TONNES

NOV 10/WITH GOLD UP $40.75: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.38 TONNES

NOV 9/WITH GOLD DOWN $2.00:  BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.89 TONNES INTO THE GLD////INVENTORY RESTS AT 908.38 TONNES

GLD INVENTORY: 916.77  TONNES

Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them

JAN 5/WITH SILVER DOWN 50 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.10 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 505.45 MILLION OZ//

JAN 4/WITH SILVER DOWN 26 CENTS TODAY; HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.3 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 506.55 MILLION OZ/

JAN 3/WITH SILVER UP 24 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: STRANGE: A WITHDRAWAL OF 1.2 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 507.85 MILLION OZ/

DEC 30/WITH SILVER DOWN 21 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.050 MILLION OZ

DEC 29/ WITH SILVER UP $0.63 TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.050 MILLION OZ

DEC 28//WITH SILVER DOWN 46 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.715 MILLION OZ INTO THE SLV///..INVENTORY RESTS AT 509.050 MILLION OZ

DEC 27/WITH SILVER UP 34 CENTS TODAY; SMALL CHANGES IN SILVER INVENTORY AT THE SLV/A WITHDRAWAL OF 550,000 OZ OF SILVER FROM THE SLV////INVENTORY RESTS AT 507.350 MILLION OZ//

DEC 23/WITH SILVER UP 29 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT507.900 MILLION O//

DEC 22/WITH SILVER DOWN 53 CENTS TODAY;NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 507.90 MILLION OZ//

DEC 21/WITH SILVER DOWN 9 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.0 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 507.90 MILLION OZ//

DEC 20/WITH SILVER UP 105 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV:: A DEPOSIT OF 700,000 OZ INTO THE SLV///INVENTORY RESTS AT 509.90 MILLION OZ//

DEC 19/WITH SILVER DOWN 13 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.05 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 509.20 MILLION OZ//

DEC 16/WITH SILVER UP 2 CENTS; HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.85 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 508.15 MILLION OZ//

DEC 15/WITH SILVER DOWN 78 CENTS: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF EXACTLY 2.00 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 510.000 MILLION OZ

DEC 14/WITH SILVER UP 7 CENTS: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.7 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 512.000 MILLION OZ//

DEC 13/WITH SILVER UP 59 CENTS: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 600,000 OZ FROM THE SLV////INVENTORY RESTS AT 513.900 MILLION OZ//

DEC 12/WITH SILVER DOWN 33 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 514.500 MILLION OZ//

DEC 9/WITH SILVER RISING 77 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.2 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 514.500 MILLION OZ.

DEC 8/WITH SILVER RISING 34 CENTS TODAY: OVER THE PAST 3 WEEKS, WE HAVE GAINED A STRONG: 44.777 MILLION OZ/INVENTORY RESTS AT 516.700 MILION OZ.

NOV 14/WITH SILVER UP 41 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 471.923 MILLION OZ//

NOV 11/WITH SILVER DOWN 2 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 553,000 OZ FROM THE SLV///INVENTORY RESTS AT 471.923 MILLION OZ//

NOV 10/WITH SILVER UP 39 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV; A DEPOSIT OF 368,000 OZ INTO THE SLV///INVENTORY RESTS AT 472.476 MILLION OZ//

NOV 9/WITH SILVER DOWN 10 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV/; A WITHDRAWAL OF 3.821 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 472.108 MILLION OZ//

CLOSING INVENTORY 505.45 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

1:Peter Schiff 

end

2 Lawrie Williams//Pam and Russ Martens/Jim Rickards/Mathew Piepenburg/Von Greyerz//Rickards:

END

3. Chris Powell of GATA provides to us very important physical commentaries//

end

/4.  OTHER PHYSICAL SILVER/GOLD COMMENTARIES

5. Commodity commentaries//

END

6/CRYPTOCURRENCIES/BITCOIN ETC

Silvergate Capital plunges after huge withdrawals topping $8.1 billion during the crypto meltdown, with assets plunging 68%. It will layoff 40% of its workforce

(zerohedge)

Silvergate Shares Plunge After Withdrawals Top $8.1 Billion During Crypto Meltdown

THURSDAY, JAN 05, 2023 – 07:53 AM

Silvergate Capital shares have been on a rollercoaster in the last 24 hours. Soaring 27% on a short squeeze Wednesday and now down 40% on Thursday morning after the crypto bank reported a run on deposits following the FTX bankruptcy, slashed its workforce by 40%, and shelved plans to launch its own digital currency. 

Amid the FTX debacle in the fourth quarter, the bank said in an early release of some quarterly results that crypto-related deposits plunged 68%.

The digital asset industry has undergone a transformational shift, with significant over-leverage in the industry leading to several high-profile bankruptcies. These dynamics have sparked a crisis of confidence across the ecosystem and led many industry participants to shift to a “risk off” position across digital asset trading platforms. In turn, Silvergate’s total deposits from digital asset customers declined to $3.8 billion at the end of the fourth quarter.

Silvergate was forced to liquidate the debt it was holding on its balance sheet to satisfy the surge in withdrawals. It expects a $718 million loss in the selling of debt that exceeds the bank’s total profits since 2013. 

As a result of the run on withdraws and souring crypto space, Silvergate also announced it would slash 40% of its workforce, or approximately 200 employees, “in order to account for the economic realities facing the business and industry today.” 

Silvergate said it had $4.6 billion in cash at the end of the fourth quarter, more than its $3.8 billion in remaining deposits. And another $5.6 billion in U.S. government or agency-backed securities were liquid. An update on the Silvergate Exchange Network (“SEN”) Platform that enables institutional investor clients to send dollars and euros 24 hours a day to change for crypto was still “operating 24/7 with average daily volume totaling $1.3 billion.”  

The company also shelved its own digital currency planned for an early 2023 launch, specifying it would “take an impairment charge of $196 million in the fourth quarter of 2022 related to developed technology assets purchased from the Diem Group.” 

Alan Lane, chief executive officer of Silvergate, said:

 “In response to the rapid changes in the digital asset industry during the fourth quarter, we took commensurate steps to ensure that we were maintaining cash liquidity in order to satisfy potential deposit outflows, and we currently maintain a cash position in excess of our digital asset related deposits.”

Silvergate shares tumbled more than 40% in premarket trading. 

The company will host a conference call at 0800 ET this morning to talk about recent developments (click here to listen to the call). 

end

Celsius Co founder Mashinky sued by New York AG for defrauding investors out of billions

(zerohedge)

Celsius Co-Founder Mashinsky Sued By NY Attorney General For “Defrauding Investors Out Of Billions”

THURSDAY, JAN 05, 2023 – 01:25 PM

The crackdowns against crypto luminaries are coming hot and heavy: on Thursday morning, New York Attorney General Letitia James filed a civil lawsuit Thursday against Alex Mashinsky, alleging the co-founder of bankrupt crypto lender Celsius Network LLC defrauded investors out of billions of dollars of digital currency.

As first reported by the WSJ, the lawsuit alleges that the former CEO made false statements to investors about the soundness of Celsius’s financial condition then concealed its dire situation when the lender lost hundreds of millions of dollars in risky investments.  Mashinsky falsely claimed that Celsius was safer than a bank and only lent assets to credible entities, the lawsuit said.

“Alex Mashinsky lied to people about the risks of investing in Celsius, hid its deteriorating financial condition, and failed to register in New York. Mashinsky tricked hardworking people into investing their life savings into Celsius, promising big financial returns and claiming the platform was safer than a bank” said James, a Democrat. “Instead, Celsius collapsed and New Yorkers were left in financial ruin”

“The law is clear that making false and unsubstantiated promises and misleading investors is illegal” she added noting that she is “suing to get New Yorkers their money back and ban Mashinsky from doing business in New York.”

The lawsuit accuses Mashinsky of violating the state’s Martin Act, a broad law used to combat securities and commodities fraud, and a state general business law that allows the attorney general to investigate fraud.

Unlike SBF, there are no criminal allegations against Mashinsky, at least not yet.

END

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

ONSHORE YUAN: UP TO  6.8724

OFFSHORE YUAN: 6.8784

SHANGHAI CLOSED UP 31.70 PTS OR  1.01%

HANG SANG CLOSED UP 259.06 PTS 1.25%  

2. Nikkei closed  UP 103.94 PTS OR 0.40%

3. Europe stocks   SO FAR:  ALL GREEN

USA dollar INDEX DOWN TO  104.14 Euro FALLS TO 106.05UP 71 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +.418!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 132.76/JAPANESE YEN RISING AS WELL AS LONG TERM 10  YR. YIELDS RISING //EVENTUALLY THIS WILL BREAK THE JAPANESE CENTRAL BANK.

3c Nikkei now  ABOVE 17,000

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

3e Gold DOWN /JAPANESE Yen DOWN CHINESE YUAN:   UP-//  OFF- SHORE: UP

3f Japan is to buy the 9 TRILLION YEN’S worth of BONDS. Japan’s GDP equals 5 trillion usa

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

3g Oil DOWN for WTI and DONW FOR Brent this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund UP TO +2.2885%***/Italian 10 Yr bond yield FALLS to 4.285%*** /SPAIN 10 YR BOND YIELD FALLS TO 3.329…** DANGEROUS//

3i Greek 10 year bond yield FALLS TO 4.396//

3j Gold at $1843.25//silver at: 23.41  7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble UP 0  AND 23/100        roubles/dollar; ROUBLE AT 71.46//

3m oil into the 74 dollar handle for WTI and  79 handle for Brent/

3n Higher foreign deposits out of China sees 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 130.92

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.9277– as the Swiss Franc is still rising against most currencies. Euro vs SF 0.9834 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: 3.698% DOWN 1 BASIS PTS…GETTING DANGEROUS

USA 30 YR BOND YIELD: 3.809% DOWN 1 BASIS PTS//

USA DOLLAR VS TURKISH LIRA: 18,77…

GREAT BRITAIN/10 YEAR YIELD: 3.5345 % DOWN 3 BASIS PTS

end

i.b  Overnight:  Newsquawk and Zero hedge:

 FIRST, ZEROHEDGE (PRE USA OPENING// MORNING

Futures Rise Ahead Of Jobs Data, Oil Rebounds

THURSDAY, JAN 05, 2023 – 08:09 AM

US stock-index futures were steady on Thursday, recovering from earlier losses as investors brushed off mostly hawkish commentary from the latest Fed minutes amid further signs of reopening and stimulus in China. Contracts on the S&P 500 and the Nasdaq 100 were both up 0.2% as of 7:15 a.m. ET following a positive session in Asia, driven by a rally in Chinese mainland and Hong Kong equity gauges on news the border with China will gradually reopen. Cautious Fed minutes on Wednesday evening failed to stem optimism, while investors await a private US jobs report later today. Europe’s Stoxx Index was also positive, erasing earlier losses, with retailers leading gains after Next Plc raised its profit forecast. Oil snapped a two-day drop, while the dollar was flat and 10Y TSY yields erased earlier gains.

In premarket trading, Amazon rose after the company announced it is laying off a record 18,000 employees, its biggest corporate workforce reduction ever. Exxon also rose after posting modest gains and analysts noted a positive outlook for its refining business, even as the oil giant forecast that lower oil and natural gas prices will hurt fourth-quarter earnings. Here are some other notable premarket movers:

• US Foods rises 2.7% as Barclays raises the food service group to overweight, noting compelling valuations and signs it had overcome last year’s troubles.
• Western Digital climbs 6% after Bloomberg reported that the data storage maker had restarted merger talks with Japan’s Kioxia.
• Geron drops 11% after announcing an offering of $175m shares. Stock closed 33% higher on Wednesday’s regular trading session after a late-stage trial met its primary and key secondary endpoints.
• US-listed Chinese stocks fall in premarket trading, after the Nasdaq Golden Dragon China Index scored its best start to a year on record. Alibaba shares decline 1.4% after a 13% surge on Wednesday; Baidu drops 1.1%, JD.com -2.8%
• Gap falls as much as 4.8% and Victoria’s Secret drops 3.5% after UBS downgrades both retailers to sell, analyst says that the market “underestimates the pressure on industry sales from an expected recession and overestimates the margin benefit from supply chain costs easing.”
• Comcast shares rise as much as 1.4% after Truist upgrades the cable company to buy from hold. Charter Communications also gains 1.4% after being upgraded to buy, with the broker saying that 2022’s “mad rush” to exit the stocks has resulted in oversold conditions.
• Geron shares drop as much as 14% after announcing an offering of $175m shares via Goldman Sachs, Stifel, Wedbush, Baird, B. Riley, Needham. Shares closed 33% higher in Wednesday’s regular trading session after a late-stage trial met its main goals.
• Shares in US Foods rise 2.7% as Barclays raises the food service group to overweight, noting compelling valuations and signs it had overcome last year’s troubles.
• Silvergate Capital sinks much as 35% after the crypto bank announced it is reducing headcount by approximately 200 employees, or 40%, and estimates the costs associated will be about $8 million.
• Vyant Bio soars 170% after the company said it had engaged LifeSci Capital as its financial adviser to help in exploring strategic options.
• Western Digital climbs as much as 7.4% after Bloomberg reported that the data storage maker had restarted merger talks with Japan’s Kioxia. Analysts said any deal between the two would create a company with notable scale in the NAND flash memory market.

Yesterday the S&P 500 closed firmly in positive territory, despite minutes from the December FOMC meeting showing officials committed to bring down inflation, while cautioning against an “unwarranted” loosening of financial conditions that would hurt their efforts to achieve price stability, and vowing there would be no rate cuts in 2023.Meanwhile, as Bloomberg notes, mega caps continue to drag US stocks, with just a few stocks responsible for most of the underperformance of the S&P 500 over the past six months. An equally-weighted S&P 500 has outperformed the market-cap weighted index by 5% percentage points since the end of September.

“The underlying bullish sentiment is seen as still alive and as long as the momentum remains, a rebound over the new short-term floors established this week will stay as the most likely scenario,” said Pierre Veyret, technical analyst at ActivTrades. “However, market operators are also likely to become increasingly cautious for the end of the week, waiting for today’s major data.”

Investors are looking to today’s ADP Private Payrolls report and nonfarm payrolls on Friday for clues on the labor market and its implications for monetary policy, after Fed minutes showed officials cautioned against underestimating their will to keep interest rates high for some time. While US stocks pared gains after the minutes, traders are still pricing in rate cuts by end-2023.

“Pricing in the market still shows that investors continue to bet that the Fed will start cutting rates before the end of this year,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “Yes, there are some data pointing at slowing economic activity in the US, but the jobs market – which is closely watched by the Fed – remains surprisingly tight.”

In Europe, the Stoxx 600 erased earlier losses, spurred by retail, mining and travel shares. The benchmark has risen 3.6% this week in local currency, outperforming the S&P 500’s 0.3% gain. Here are the biggest equity movers:

• Next shares jump as much as 9.3% after the fashion retailer’s profit guidance beat expectations. Analysts note the company’s strong trading during the Christmas period. Next’s positive release also buoys the wider retail sector, making it the best- performing subgroup on Europe’s Stoxx 600
• Ryanair rises as much as 5.3% in Dublin, after the airline operator boosted its full- year profit forecast following stronger-than-expected demand during the Christmas travel period
• Sonova shares climb as much as 1.7% after launching a new earbud product for patients with slight hearing loss, that Vontobel says will help broaden the company’s portfolio
• Electrolux gains as much as 5% after Bank of America upgrades the stock to buy from underperform, noting that margin pressure is likely to come to an end in 2023
• B&M shares rise as much as 2.7% after reporting third-quarter sales. Analysts said the like-for-like sales during the period were strong, but highlighted the lowered Ebitda guidance
• Pearson falls as much as 5%, the most since December 1, after Bank of America downgraded the firm to underperform in a note on the European media and internet sector
• Outokumpu fall as much as 9.3% after Danske Bank cut its recommendation for the Finnish steelmaker to sell from hold, also trimming its target price to EU4 from EU4.70
• Modern Times Group shares fall as much as 10%, the most since July, after Citi opened a negative catalyst watch on the media group ahead of its FY results
• Societe Generale falls as much as 2.1% after KBW cut its recommendation to market perform from outperform in a note on the European investment banking sector
• Close Brothers Group fell as much as 2.3% after Investec cut the British bank to sell from hold, citing slowing loan growth and “pretty ordinary” returns

Earlier in the session, Asian stocks were on track for a fifth-straight daily gain, as investors continued to buy shares in China and Hong Kong on positive policy momentum and after news the border with China will gradually reopen. The MSCI Asia Pacific Index gained as much as 1.1%, before paring much of that advance. Internet giants Alibaba and Meituan were among the biggest boosts to the index, helped by China’s moves to ease its tech crackdown as well as support property firms and smooth geopolitical relations.

“Approval for Ant Group to expand its consumer finance business marked another positive step in easing regulatory risks,” Jun Rong Yeap, market strategist at IG wrote in a note. Benchmarks in Singapore, Taiwan and Malaysia also climbed, as investors look beyond the cautious stance of Federal Reserve officials in the minutes of their December meeting. Indonesia’s benchmark fell the most since May 12 as investors look to increase allocations to cheaper northern markets. Better prospects for China’s reopening and economic growth have boosted Asian stocks in recent sessions, driving the MSCI regional gauge up 18% from an October low. The measure lost more than 19% last year amid worries about a slowdown in the West and China’s bumpy path to reopening

Japanese stocks edged higher after US stocks advanced following signs of a slowing American economy and mixed Federal Reserve commentary from its latest meeting. The Topix closed less than a point higher at 1,868.90, while the Nikkei advanced 0.4% to 25,820.80. Out of 2,162 stocks in the Topix, 731 rose and 1,336 fell, while 95 were unchanged. The rose slightly after weakening 1.2% against the dollar on Wednesday. In minutes from the latest Fed meeting, many officials highlighted the need to curb inflation without slowing the economy too much. Meanwhile, US data released Wednesday showed manufacturing activity contracted for a second month in December. US Manufacturing Contracts for a Second Month, Prices Ease “Japanese stocks rose as the FOMC announcements passed without incident, with US stocks bought back,” said Takeru Ogihara, chief strategist at Asset Management One. He also noted that the yen’s strengthening had eased a bit.

Key stocks gauges in India bucked the generally bullish trend and fell for a second straight session as selloff in banks and financial companies extended amid emerging worries over loan growth. The S&P BSE Sensex fell 0.5% to 60,353.27 in Mumbai, while the NSE Nifty 50 Index declined 0.3%, sending the measures to their lowest close in two weeks. The gauges are now more than 4% down from their record highs seen on December 1. Fourteen of BSE Ltd.’s 20 sector indexes advanced, led by oil and gas companies, which rallied after India announced $2.4 billion of federal aid to expand hydrogen production. Financial companies were the worst performers on the index, with top shadow lender Bajaj Finance plunging 7.2% — its biggest single-day drop since April — after its quarterly loan and asset size growth failed to impress analysts. “Investors are steadily booking profit to trim their positions due to the challenging and uncertain global environment,” according to Kotak Securities analyst Shrikant Chouhan. “Investors are guarded in their equity exposure, as rising interest-rate regime and geo-political tensions are key hurdles that could trigger a major sell-off.”             

In rates, treasuries were slightly cheaper vs Wednesday’s close with losses led by front end of the curve, continuing to pressure 2s10s spread lower. The 10-year TSY yield are higher on the day by less than 1bp at 3.69%, flattening 2s10s by 2.4bp; across long end, 20-year sector continues to outperform, tightening 10s20s30s fly by 1bp. A wider flattening move was seen in German yields where 2-year notes are cheaper by 4bp on the day while long-end trades richer. Flattening move across core rates continues in aftermath of Wednesday’s FOMC minutes, which pushed back against potential for rate cuts soon. Despite the hawkish tone of Fed minutes, hedge funds have recently flipped to a record net long SOFR futures position in a sharp u-turn from elevated net short in September.

In FX, the Bloomberg Dollar Spot Index was little changed as the greenback traded mixed versus its Group-of-10 peers, though moves were confined to narrow ranges. Treasuries inched lower.

• The euro rose to a day high of 1.0631, before paring. Bunds and Italian bonds fell, underperforming Treasuries and snapping three-day gains. Money markets added to ECB tightening wagers after the Fed pushed back against easing bets in its December minutes
• The pound slipped and gilts inched lower. The Bank of England said business leaders see inflation accelerating in the years ahead and wage growth strengthening, adding to concerns about upward pressures on prices
• The Australian dollar fell while bonds gained as data showed China’s services activity contracted in December amid surging Covid infections
• The Egyptian pound extended its decline, adding to a 6.2% drop from Wednesday, as the north African nation grapples with its worst foreign- exchange crunch in half a decade

In commodities, WTI trades within Wednesday’s range, adding 2.6% to near $74.71. Most base metals trade in the green. Spot gold falls roughly $5 to trade near $1,849/oz.

Bitcoin is essentially unchanged on the session, in-fitting with the USD and US equity performance ahead of data/Fed speak.

Looking to the day ahead, data releases include Italian CPI for December and Euro Area PPI for November, whilst in the US there’s the ADP’s report of private payrolls for December, the weekly initial jobless claims, the November trade balance, and the final services and composite PMIs for December from both the US and the UK. Otherwise, central bank speakers include the Fed’s Harker, Bostic and Bullard.

Market Snapshot

• S&P 500 futures down 0.2% to 3,866.25
• MXAP up 0.4% to 158.25
• MXAPJ up 0.7% to 521.05
• Nikkei up 0.4% to 25,820.80
• Topix little changed at 1,868.90
• Hang Seng Index up 1.2% to 21,052.17
• Shanghai Composite up 1.0% to 3,155.22
• Sensex down 0.5% to 60,346.44
• Australia S&P/ASX 200 little changed at 7,063.63
• Kospi up 0.4% to 2,264.65
• STOXX Europe 600 down 0.2% to 439.31
• German 10Y yield little changed at 2.31%
• Euro up 0.2% to $1.0625
• Brent Futures up 2.4% to $79.68/bbl
• Gold spot down 0.3% to $1,849.12
• U.S. Dollar Index little changed at 104.18

Top Overnight News from Bloomberg

• European bond traders face greater volatility in early 2023 as governments look set to sell record volumes of debt to a market no longer propped up by central bank purchases
• Inflation numbers are the most important data drivers lately, yet Friday’s US nonfarm payrolls data could be the catalyst for a new round of volatility in the market following the minutes of the Fed’s December meeting
• German Chancellor Olaf Scholz is coming under renewed pressure from political allies and opponents in Germany to supply additional heavy weapons to help Ukraine fight off Russia’s military invasion
• The world’s pile of negative-yielding debt has vanished, as Japanese bonds finally joined global peers in offering zero or positive income
• Southeast Asian yield curves flattened last year as central banks rushed to hike interest rates. In 2023, things are likely to go the other way
• Europe is set for the warmest January in years, easing an energy crunch that has hammered the region for months. Mild conditions are likely to persist across the region until the end of the month, with a strong weather front blocking out cold polar air, according to forecaster Maxar Technologies Inc
• Chinese officials this week extended trading hours for the onshore yuan as part of its attempt to increase international use of the currency. Admittedly, it’s a small step, but it follows a push to boost its use in transactions with major energy and commodity exporters and data showing rapid growth in yuan trading activity
• The border between mainland China and Hong Kong will gradually reopen from Sunday, paving the way for a restoration of economic and social ties that have been disrupted for three years

A more detailed look at global markets courtesy of Newsquawk

Asia-Pac stocks traded positively throughout most of the session but bourses later drifted off best levels. ASX 200 was initially buoyed by gold miners, but the index briefly dipped into the red as the yellow metal waned. Nikkei 225 faded the bulk of its gains after approaching levels close to 26,000, whilst most of the support emanated from its Banking sector. Hang Seng and Shanghai Comp were firmer from the open and Hong Kong initially outperformed with Tech leading the gains, whilst China said it will gradually reopen the border between Hong Kong and the Mainland on January 8th and will increase flights between the Mainland, Hong Kong, and Macau. PBoC loosens mortgage rates for cities with home price declines, according to local reports.

Top Asian News

• China Weighs Cap on Property Agent Commissions to Bolster Sales
• Xi and Marcos Agree to Resume Oil and Gas Talks, Expand Ties
• Hong Kong Reopening With China Comes With 60,000-Person Cap
• Ambani Focuses on $75 Billion Green Bet as Scions Step Up
• Jokowi’s Revised Job Creation Law Challenged as Unconstitutional

European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data. Sectors are mostly in the red, but with Retail outperforming after updates from the likes of Next while Travel & Leisure names are similarly lifted by Ryanair’s upside. Stateside, futures are close to the unchanged mark and are yet to convincingly break from the morning’s initial ranges ahead of data and Fed speak. Foxconn (2317 TT) December Sales TWD 629bln, -12.3% YY. FY22 sales +10.5% YY; Q1 is expected to be roughly in line with market consensus. UK CMA reportedly will not publish its final report on the Activision Blizzard (ATVI)-Microsoft (MSFT) acquisition until April 26th (at the latest), a delay from the previously planned March 1st.

Top European News

• Next Raises Forecast as Christmas Sales Defy Retail Gloom
• BMW Takes Cues From Apple With Radical Interior Overhaul
• Scholz Faces Renewed Heat in Germany to Supply Tanks to Ukraine
• EU Urges Covid Travel Screening for Passengers From China
• Worst Day of Train Strikes Threatens to Bring UK to a Halt

FX

• Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes, DXY in tighter 104.420-103.980 band vs 104.730-103.800 yesterday.
• Euro still keeping close tabs on 1.0600 vs Greenback and adjacent to 10 and 21 DMAs.
• Aussie unwinding some underperformance against Buck in consolidative price action between 0.6845-00.
• PBoC set USD/CNY mid-point at 6.8926 vs exp. 6.8955 (prev. 6.9131); strongest since September 2nd 2022.

Fixed Income

• Core benchmarks have managed to lift from initial lows, with the initial move lower seemingly occurring without driver at the time, though in the wake of FOMC minutes, and the move perhaps just being the benchmarks running out of steam from recent action.
• Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.
• On the supply front, French issuance passed without marked move while Gilts await a 2027 sale shortly.

Commodities

• WTI and Brent are firmer on the session, though the upside stalled on approach to the USD 75/bbl and USD 80/bbl handles respectively with the benchmarks still lower by over USD 5/bbl WTD.
• Colonial Pipeline said Line 3 is currently down for unscheduled maintenance, and downstream schedules will be impacted by the downtime, Line 3 is expected to restart on January 7th; the remainder of the system will operate as normal, according to Reuters.
• US Private Inventory Data (bbls): Crude +3.3mln (exp. +1.2mln), Cushing +0.7mln, Gasoline +1.2mln (exp. -0.5mln), Distillates -2.4mln (exp. -0.4mln)
• Occidental (OXY) said Q4 output was impacted by a combined 10mln BOEPD by North American winter storm Elliott, according to Reuters.
• Marathon (MPC) reports an unplanned flaring event at its Carson, LA refinery (363k BPD)
• German Miro Refinery says it has taken one of its three crude oil distillation facilities out of service on December 25th due to a technical defect; expects the facility to be down for around four weeks.
• Spot gold is little changed and remains in close proximity to the USD 1850/oz mark, having pulled back slightly from Wednesday’s USUD 1864/oz peak, which was the highest price point since June 13th at USD 1877/oz.
• Base metals are bid having recovered from APAC pressure as China’s accelerated reopening is marred by COVID concerns.

Geopolitical

• An oil tanker chartered by Chevron (CVX) was reportedly loading Venezuelan crude oil for delivery to the United States. “This is the first such transfer in four years amid sanctions. It is part of a debt settlement program”, according to TankerTrackers.
• Turkish President Erdogan spoke via the phone with Russian President Putin, discussed energy and grains corridor, via Turkish Presidency. Called on Putin to declare a ceasefire against Ukraine.

US Event Calendar

• 07:30: Dec. Challenger Job Cuts YoY, prior 416.5%
• 08:15: Dec. ADP Employment Change, est. 150,000, prior 127,000
• 08:30: Dec. Initial Jobless Claims, est. 225,000, prior 225,000
  • Continuing Claims, est. 1.73m, prior 1.71m
• 08:30: Nov. Trade Balance, est. -$63b, prior -$78.2b
• 09:45: Dec. S&P Global US Services PMI, est. 44.4, prior 44.4

Central Bank speakers

• 07:30: Fed’s Harker Discusses the Economic Outlook
• 09:20: Fed’s Bostic Makes Welcoming Remarks at Markets Conference
• 13:20: Fed’s Bullard Discusses the Economy and Monetary Policy

DB’s Jim Reid concludes the overnight wrap

Staying in advertising mode this is the first January for three years where normal service has resumed in terms of research outlooks around various parts of the world. For those fed up with Zoom, I’ll be joining Mark Wall, Matt Luzzetti and George Saravelos in the Nordic Outlook seminars next week (Weds-Thurs 11/12th Jan). That feels like an Oceans 11 type DB research cast list! I won’t say who I think is Clooney or Pitt. We will be presenting in Helsinki, Stockholm, Copenhagen and Oslo. We have around 600 people already signed up which is great but if you haven’t yet done so please see the link here. For those interested in Euro HY, our European leveraged finance research team will be holding an event at DB in London next Wednesday going through their top trade recommendations and market outlook. You can register via the link here

Markets continued their positive start to the year yesterday, with investors latching onto fresh signs of easing inflation that would allow central banks to ease up on their rate hikes. Indeed, yesterday saw an unexpected decline in French inflation, a further round of energy price declines, and the prices paid component of the ISM manufacturing print came in at its lowest level since April 2020. All those factors triggered a sizeable rally for equities and bonds (particularly in Europe), even as other data pointed to a tight US labour market that could force the Fed to hike even further. Indeed the Fed minutes late in the session confirmed that the Fed are concerned about financial conditions loosening too much.

In terms of those various drivers, the tone for the day was set from the outset by that French CPI release, which showed that inflation unexpectedly fell in December to +6.7% on the EU-harmonised measure (vs. +7.3% expected). So that’s further good news on the heels of the downside surprises from Spain and Germany, and bodes well for the full Euro Area release tomorrow. In response, investors moved to dial down the amount of rate hikes they expect from the ECB this year, with the rate priced in by the December meeting coming down by nearly 15bps on the day. In speaking to DB’s Mark Wall though he says that for the ECB their hiking profile will be about “peak versus persistence”. While its very welcome that European headline inflation is past the peak, Mark suggests the resilience of core inflation in December is more important than these downside surprises. The immediate European growth outlook is better than feared a few months back which might make the labour market tighter than was expected. See here for the latest on Mark’s 3.25% terminal ECB call from December.

For now though these signs of downward pressure on headline inflation were given further momentum by the latest moves in energy prices. In particular, European natural gas futures fell nearly -10% to a one-year low of €65.00 per megawatt-hour, which comes amidst unusually warm weather in Europe for this time of year that’s helping to cut energy demand. Furthermore, oil prices saw substantial declines of their own, with Brent crude down by -5.19% yesterday to $77.84/bbl, whilst WTI fell -5.32% to $72.84/bbl. That’s adding to the good news for central banks and consumers on the inflation side, and also means that the cost of government subsidies could prove to be much less than feared.

Amidst these positive signs on the inflation front, sovereign bond yields saw further declines on both sides of the Atlantic. In Europe, yields on 10yr bunds (-11.7bps), OATs (-13.8bps) and BTPs (-22.2bps) all fell for a 3rd consecutive session, which continued their very strong start to the year. Meanwhile in the US, the declines were more muted, but yields on 10yr Treasuries still fell -5.6bps on the day to 3.683%. This morning in Asia, they are back up around +3.2bps as we go to print.

The main interruption to the buoyancy in markets yesterday (although not enough to throw it off course) came from the US JOLTS report for November and the FOMC minutes. This former is closely followed by the Fed, and yesterday’s release showed that the labour market remained incredibly tight towards the end of last year, thus pointing to further inflationary pressures ahead. For instance, the number of job openings came in at 10.458m (vs. 10.050m expected), and the previous month’s figure was also revised higher. That means that the number of job openings per unemployed individual ticked up to 1.74 in November, which is still way above its pre-pandemic levels of around 1.2. In addition, the quits rate of those voluntarily leaving their job (which is strongly correlated with wage growth) ticked back up to 2.7% in November. So there’s still plenty of ammunition for the hawks even as inflation looks to have passed its peak now.

Speaking of hawkish voices, one person we did hear from yesterday was Minneapolis Fed President Kashkari. He’s a voting member on the FOMC this year, and said that “it will be appropriate to continue to raise rates at least at the next few meetings until we are confident inflation has peaked”. He said he had the Fed pausing at 5.4%, but that “any sign of slow progress that keeps inflation elevated for longer will warrant, in my view, taking the policy rate potentially much higher.”

Later in the session, we also got the latest FOMC minutes from the December meeting. Almost exactly a year after the 2021 December Fed meeting minutes that marked the hawkish turn in Fed policy, yesterday saw Fed officials reaffirm their conviction to keeping interest rates restrictive as long as it takes to quell inflation. The committee is clearly concerned with financial conditions easing as a response to the Fed slowing interest rate hikes. Officials cited that “an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability.” There was no explicit discussion hinting at a further slowdown of rate hikes to 25bps in February, as “most participants emphasized the need to retain flexibility and optionality when moving policy to a more restrictive stance.” However that does not mean that a further slowing is off the table. The market pricing on the February meeting was unchanged with 33bps priced in, and 52bps priced in through the March FOMC meeting.

Against this backdrop, equities finished solidly higher after a volatile US afternoon. The S&P 500 was up roughly +1.0% just ahead of the FOMC minutes, before whipsawing about 30pts in both directions before the close. In the last 15 minutes of the US trading session the index rallied +0.67% to finish up +0.75% overall on the day. The gains were led by the more cyclical industries, and the NASDAQ also advanced +0.69%. The best performing industry in the S&P 500 was autos (+4.42%), led by Tesla (+5.12%) but Ford (+2.8%) and GM (+2.6%) also saw solid gains as well. The one industry that dragged and caused the NASDAQ to underperform was Software (-1.03%).

The solid gains also came in spite of a further deterioration in the ISM manufacturing print, which fell to 48.4 in December (vs. 48.5 expected). That it’s lowest level since May 2020, although to be fair we did get some more positive news in that the prices paid component fell for a 9th consecutive month to 39.4, which marks its longest run of consecutive declines since 1974-5. Back in Europe, the equity advances were larger yesterday as markets closed before the FOMC minutes, with the STOXX 600 (+1.38%) bringing its YTD gains to +3.60% after just three sessions.

Asian equity markets are trading higher this morning following a higher close on Wall Street overnight. Also, risk appetite across the region is seeing a further boost on the China reopening trade as well as the PBOC’s pledges for more targeted economic measures. As I type, Chinese stocks are topping gains with the CSI (+1.71%) and the Shanghai Composite (+0.95%) both trading in positive territory while the Hang Seng (+1.01%) is further extending its previous session gains amid a broad rally in Chinese tech stocks. Elsewhere, the Nikkei (+0.43%) and the KOSPI (+0.34%) are also higher. Outside of Asia, US stock futures are pointing to a slightly negative start with those on the S&P 500 (-0.09%) and the NASDAQ 100 (-0.17%) edging lower.

Coming back to China, the Caixin services PMI for December came in at 48.0 (v/s 46.8 expected), rising from a 6-month low of 46.7 in November.

Back in the US, there’s no sign of a resolution yet in terms of who’ll be the next Speaker of the House of Representatives. In terms of the latest, House Republican leader Kevin McCarthy failed to win a majority of House members in an additional three ballots yesterday. Republicans hold a very slim majority of seats in the lower chamber and McCarthy can only afford to lose 4 GOP votes, but he has consistently lost around 20 votes on multiple ballots now. While this is not yet a market moving story, it does portend the kind of fight that Congress can see around the upcoming debt ceiling negotiations.

When it comes to yesterday’s other data, UK mortgage approvals fell by more than expected to 46.1k in November (vs. 53.0k expected), which is their lowest level in over a decade if you exclude the pandemic months of April-June 2020. Separately, the final Euro Area composite PMI for December was revised up half a point from the flash reading to 49.3 (vs. flash 48.8).

To the day ahead now, and data releases include Italian CPI for December and Euro Area PPI for November, whilst in the US there’s the ADP’s report of private payrolls for December, the weekly initial jobless claims, the November trade balance, and the final services and composite PMIs for December from both the US and the UK. Otherwise, central bank speakers include the Fed’s Harker, Bostic and Bullard.

AND NOW NEWSQUAWK (EUROPE/REPORT)

Mixed and relatively contained trade overall ahead of US data & Fed speak – Newsquawk US Market Open

THURSDAY, JAN 05, 2023 – 06:42 AM

• European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.
• Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.
• Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.
• Little reaction to the Italian inflation print, which dipped slightly from the prior but was in-line with exp.
• WTI and Brent are firmer on the session, though the upside stalled on approach to the USD 75/bbl and USD 80/bbl handles respectively with the benchmarks still lower by over USD 5/bbl WTD.
• Looking ahead, highlights include US Challenger Layoffs, Canadian Trade Balance, US IJC, US EIA Inventories, speeches from Fed’s Bostic and Bullard.

View the full premarket movers and news report. 

Or why not try Newsquawk’s squawk box free for 7 days?

EUROPEAN TRADE

EQUITIES

• European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data.
• Sectors are mostly in the red, but with Retail outperforming after updates from the likes of Next while Travel & Leisure names are similarly lifted by Ryanair’s upside.
• Stateside, futures are close to the unchanged mark and are yet to convincingly break from the morning’s initial ranges ahead of data and Fed speak.
• Foxconn (2317 TT) December Sales TWD 629bln, -12.3% YY. FY22 sales +10.5% YY; Q1 is expected to be roughly in line with market consensus.
• UK CMA reportedly will not publish its final report on the Activision Blizzard (ATVI)-Microsoft (MSFT) acquisition until April 26th (at the latest), a delay from the previously planned March 1st.
• Click here for more detail.

FX

• Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes, DXY in tighter 104.420-103.980 band vs 104.730-103.800 yesterday.
• Euro still keeping close tabs on 1.0600 vs Greenback and adjacent to 10 and 21 DMAs.
• Aussie unwinding some underperformance against Buck in consolidative price action between 0.6845-00.
• PBoC set USD/CNY mid-point at 6.8926 vs exp. 6.8955 (prev. 6.9131); strongest since September 2nd 2022.
• Click here for more detail.

Notable FX Expiries, NY Cut:

• Click here

FIXED INCOME

• Core benchmarks have managed to lift from initial lows, with the initial move lower seemingly occurring without driver at the time, though in the wake of FOMC minutes, and the move perhaps just being the benchmarks running out of steam from recent action.
• Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.
• On the supply front, French issuance passed without marked move while Gilts await a 2027 sale shortly.
• Click here for more detail.

COMMODITIES

• WTI and Brent are firmer on the session, though the upside stalled on approach to the USD 75/bbl and USD 80/bbl handles respectively with the benchmarks still lower by over USD 5/bbl WTD.
• Colonial Pipeline said Line 3 is currently down for unscheduled maintenance, and downstream schedules will be impacted by the downtime, Line 3 is expected to restart on January 7th; the remainder of the system will operate as normal, according to Reuters.
• US Private Inventory Data (bbls): Crude +3.3mln (exp. +1.2mln), Cushing +0.7mln, Gasoline +1.2mln (exp. -0.5mln), Distillates -2.4mln (exp. -0.4mln)
• Occidental (OXY) said Q4 output was impacted by a combined 10mln BOEPD by North American winter storm Elliott, according to Reuters.
• Marathon (MPC) reports an unplanned flaring event at its Carson, LA refinery (363k BPD)
• German Miro Refinery says it has taken one of its three crude oil distillation facilities out of service on December 25th due to a technical defect; expects the facility to be down for around four weeks.
• Spot gold is little changed and remains in close proximity to the USD 1850/oz mark, having pulled back slightly from Wednesday’s USUD 1864/oz peak, which was the highest price point since June 13th at USD 1877/oz.
• Base metals are bid having recovered from APAC pressure as China’s accelerated reopening is marred by COVID concerns.
• Click here for more detail.

NOTABLE HEADLINES

• UK PM Sunak is poised to announce minimum strike legislation as soon as Thursday, according to Times’ Swinford; “It will enable employers to sue unions and sack employees if they refuse to accept”. “Hearing six sectors covered – NHS, schools, rail, borders, fire, nuclear”.

NOTABLE DATA

• Italian Consumer Price Prelim YY (Dec) 11.6% vs. Exp. 11.6% (Prev. 11.8%); MM (Dec) 0.3% vs. Exp. 0.1% (Prev. 0.5%)
• EU Producer Prices YY (Nov) 27.1% vs. Exp. 27.5% (Prev. 30.8%); MM (Nov) -0.9% vs. Exp. -0.9% (Prev. -2.9%)
• UK S&P Global/CIPS Services PMI Final (Dec) 49.9 vs. Exp. 50.0 (Prev. 50.0); Composite PMI Final (Dec) 49.0 vs. Exp. 49.0 (Prev. 49.0)
• German Trade Balance, EUR, SA (Nov) 10.8B vs. Exp. 7.5B (Prev. 6.9B); Exports MM SA (Nov) -0.3% vs. Exp. 0.2% (Prev. -0.6%, Rev. 0.8%); Imports MM SA (Nov) -3.3% vs. Exp. -0.5% (Prev. -3.7%, Rev. -2.4%)
• BoE DMP Survey (Dec), CPI: one-year ahead 7.4% (prev. 7.2% MM), three-years ahead 4.0% (prev. 3.9% MM).

NOTABLE US HEADLINES

• Republican McCarthy lost six rounds of voting for the post of Speaker of the US House of Representatives. US House voted (216-214) to adjourn until noon on Thursday.
• US Republican McCarthy proposed key concessions, according to CNN’s Raju, “This still likely won’t get him to 218, per several GOP sources. But it will close the gap”
• Amazon (AMZN) confirmed plans to cut just over 18,000 roles (vs exp. “more than 17,000”, vs prev. guided 10,000), according to Bloomberg. “That would represent the most reductions revealed so far at a major technology company”, according to WSJ. Amazon has a total workforce of around 1.5mln.
• Exxon (XOM) said Q4 2022 upstream earnings were negatively impacted by the change in liquids and gas prices. Liquids saw a negative impact of USD 1.3-1.7bln vs Q3, and the change in gas prices saw a negative impact of USD 2.0-2.4bln vs Q3). Losses were mitigated by upstream mark-to-market derivative gains of as much USD 1.5bln, according to Reuters.
• Click here for the US Early Morning note.

GEOPOLITICS

• An oil tanker chartered by Chevron (CVX) was reportedly loading Venezuelan crude oil for delivery to the United States. “This is the first such transfer in four years amid sanctions. It is part of a debt settlement program”, according to TankerTrackers.
• Turkish President Erdogan spoke via the phone with Russian President Putin, discussed energy and grains corridor, via Turkish Presidency. Called on Putin to declare a ceasefire against Ukraine.

CRYPTO

• Bitcoin is essentially unchanged on the session, in-fitting with the USD and US equity performance ahead of data/Fed speak.

APAC TRADE

• APAC stocks traded positively throughout most of the session but bourses later drifted off best levels.
• ASX 200 was initially buoyed by gold miners, but the index briefly dipped into the red as the yellow metal waned.
• Nikkei 225 faded the bulk of its gains after approaching levels close to 26,000, whilst most of the support emanated from its Banking sector.
• Hang Seng and Shanghai Comp were firmer from the open and Hong Kong initially outperformed with Tech leading the gains, whilst China said it will gradually reopen the border between Hong Kong and the Mainland on January 8th and will increase flights between the Mainland, Hong Kong, and Macau.
• PBoC loosens mortgage rates for cities with home price declines, according to local reports.

DATA RECAP

• Chinese Caixin Services PMI (Dec) 48.0 (Prev. 46.7); Composite PMI (Dec) 48.3 (Prev. 47.0)
• Australian Services PMI Final (Dec) 47.3 (Prev. 46.9); Composite PMI Final (Dec) 47.5 (Prev. 47.3)
• Japanese Monetary Base YY (Dec) -6.1% vs Exp. -3.2% (Prev. -6.4%)

1.c THURSDAY/  WEDNESDAY  NIGHT

SHANGHAI CLOSED UP 31.70 PTS OR 1.01%   //Hang Sang CLOSED UP 259.06 PTS OR 1.25%     /The Nikkei closed UP 103.94 PTS OR 0.40%           //Australia’s all ordinaries CLOSED UP 0.14%   /Chinese yuan (ONSHORE) closed UP TO 6.8724//OFFSHORE CHINESE YUAN UP TO 6.8754//    /Oil DOWN TO 74.29 dollars per barrel for WTI and BRENT AT 79.26   / Stocks in Europe OPENED ALL GREEN         ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER

2 a./NORTH KOREA/ SOUTH KOREA/

///NORTH KOREA/SOUTH KOREA

end

2B JAPAN

Japan/.”

end

3c CHINA /

CHINA/USA

New Chinese foreign minister is seen as Xi’s attempt at better relations with the uSA

(zerohedge)

New Chinese Foreign Minister Seen As Xi’s Attempt To Soften US-China Relations

WEDNESDAY, JAN 04, 2023 – 11:05 PM

Among the bigger developments out of Beijing this week impacting the future of US-China relations is the appointment of a new Chinese foreign minister.

Last Friday the appointment was unveiled to be China’s ambassador to the United States Qin Gang, who will take over the top diplomatic post from former FM Wang Yi, recently removed by a decision of the National People’s Congress Sanding Committee.

Bloomberg and others noted he represents a “softer” side of Beijing’s stance toward America, already said to have been on display during his relatively short tenure in Washington for the past seventeen months.Source: Chinese Embassy in the US

In the past two days the new Chinese FM has even grabbed the attention of Western press by tweeting out that he’s “deeply impressed” by the American people, while vowing to push forward US-China relations in a positive way. 

“I want to pay sincere thanks to the people of the United States for the strong support and assistance given to me and the Chinese Embassy during this period,” Qin tweeted Monday evening (US time).

“I have been deeply impressed by so many hard-working, friendly and talented American people that I met,” Qin added, saying he had “made many friends across the US.” He pledged to “support the growth of China-US relations” in his capacity as China’s top diplomat. 

The replacement of former FM Wang, who had served as foreign minister for almost a decade, is being widely seen as a sign that President Xi Jinping wants to urgently repair fraying relations with the US and the West more broadly.

Interestingly, prior words of Qin are now being widely reported related to the Ukraine war. He was recently on record as expressing that China would have attempted to dissuade Russia from invading Ukraine if it had known about it. This is in contrast to some US officials and media reports which claim Beijing knew about the invasions plans and turned a blind eye.

Qin has also in the past downplayed the idea that China wants reunification of Taiwan by force, in line with Beijing’s official position. 

END

CHINA/TURKEY

The CPP is very disturbed by Turkey’s support for the Muslim Uyghurs.  What on earth do they expect?

(EpochTimes)

China “Disturbed” By Turkey’s Support For Uyghurs: Turkish Minister

THURSDAY, JAN 05, 2023 – 02:00 AM

Authored by Aldgra Fredly via The Epoch Times,

The Chinese Communist Party (CCP) is “disturbed” by Turkey’s support for Uyghurs, one of China’s largest Muslim minorities, as Turkey refused to extradite Turkic Uyghurs to China, a Turkish official said on Dec. 29.

Turkish Foreign Minister Mevlut Cavusoglu said claims about Turkic Uyghurs being extradited to China were “a total lie” and that Turkey won’t cave to Beijing’s pressure, even if it hurts their bilateral relations.

“Turkish–Chinese ties have suffered over Beijing being disturbed by our attitude on the Turkic Uyghurs issue,” he told reporters in Turkey’s capital city of Ankara, Middle East Monitor reported.

“They have extradition requests for people who are our citizens, who live in Turkey all the time. Therefore, we don’t grant any such requests.”

Cavusoglu cited a 2022 U.N. report detailing abuses allegedly committed by the CCP against Uyghurs and other Muslim minorities in China’s Xinjiang region, which it states amounted to crimes against humanity and called for immediate action from the international community.

Ethnic Uyghur women take part in a protest against China, in front of the Caglayan Courthouse in Istanbul, Turkey, on Jan. 4, 2022. (Dilara Senkaya/Reuters)

“We defend Turkic Uyghurs’ rights in the international arena, and this disturbs China. But this is a humanitarian issue,” he said.

Cavusoglu claimed that Chinese authorities had blocked the Turkish ambassador from visiting the Uyghurs in the Xinjiang region and demanded that he adhere to a “program that they provide.”

The foreign minister said Turkey wants to cooperate with China in a transparent manner.

“Why should we become a tool for China’s propaganda? We want to cooperate. We don’t see this as a political issue,” he said.

“We are categorically not anti-Chinese. We have always said that we support the ‘One-China’ policy.”

50 Countries Condemn China

A perimeter fence surrounds a forced reeducation center in Dabancheng, Xinjiang region, China, on Sept. 4, 2018. (Thomas Peter/Reuters)

Turkey was one of 50 countries that signed a joint statement at the U.N. General Assembly on Oct. 31, 2022, urging the CCP to uphold its human rights obligations and release those who are “arbitrarily deprived of their liberty” in Xinjiang.

The United States, Japan, the UK, Australia, Germany, and Israel made up the largest group of countries to publicly condemn the Chinese regime’s ongoing human rights abuses.

The signatory countries urged Beijing to promptly release all detained individuals in Xinjiang, urgently clarify the fate and whereabouts of missing family members, and facilitate safe contact and reunion.

“Such severe and systematic violations of human rights cannot be justified on the basis of counterterrorism,” the joint statement reads.

UN Votes Down Debate on Uyghurs

Leaders from the United States, the UK, and Canada called for a debate on the CCP’s suppression of Uyghurs and other minorities in Xinjiang after a U.N. report documented possible crimes against humanity in the region.

“The extent of arbitrary and discriminatory detention of members of Uyghur and other predominantly Muslim groups … may constitute international crimes, in particular crimes against humanity,” the report reads.

“Serious human rights violations have been committed [in Xinjiang] in the context of the Government’s application of counterterrorism and counter-‘extremism’ strategies.”

Despite widespread concern about the U.N. report on the situation in Xinjiang, the U.N. Human Rights Council voted 19–17 against the motion for a debate, with 11 nations abstaining. It’s only the second time in the council’s 16-year history that a motion has been rejected.

end

CHINA/COVID

Pay attention to this:  seems that China has been hit with the more deadlier virus.  Death toll likely 25,000 per day

(Ly/EpochTimes)

Senior WHO Official Says China Is “Under-Representing” COVID-19 Deaths

THURSDAY, JAN 05, 2023 – 01:10 PM

Authored by Mimi Nguyen Ly via The Epoch Times,

A senior World Health Organization (WHO) official said that the Chinese regime has been under-reporting deaths and hospitalizations from COVID-19 in the country.

“We believe that the current numbers being published from China under-represent the true impact of the disease in terms of hospital admissions, in terms of ICU admissions, particularly in terms of death,” Mike Ryan, the WHO’s emergencies director, told reporters at a media briefing on Jan. 4.

“And we would like to see more data on a more geographic basis across China.”

In late December, the Chinese Communist Party (CCP) narrowed its definition for classifying deaths as attributable to COVID-19 by counting only those involving pneumonia or respiratory failure sparked by COVID-19, surprising some world health experts.

The CCP has been reporting daily COVID-19 deaths in single-digit figures.

“We still do not have complete data,” Ryan said.

Patients on stretchers are seen at Tongren hospital in Shanghai on Jan. 3, 2023. (Hector Retamal/AFP via Getty Images)

Ryan said that the WHO deems the Chinese regime’s definition for deaths attributable to COVID-19 as “very narrow.” He urged for a broader definition to get a fuller picture of the impact from COVID-19 in China.

The WHO’s guidance (pdf) stipulates that deaths should be attributed to COVID-19 if they result from a “clinically compatible illness, in a probable or confirmed COVID-19 case, unless there is a clear alternative cause of death that cannot be related to COVID disease (e.g. trauma).”

The guidance also states that deaths from COVID-19 “may not be attributed to another disease” such as cancer, and should be counted as a COVID-19 death, even if there is a suspicion that a preexisting medical condition may have triggered a severe course of COVID-19.

UK Firm Estimates Death Toll in China Far Higher

In a drastically different picture to that provided by the CCP, UK-based health data firm Airfinity on Dec. 29, 2022, estimated that about 9,000 people died from COVID-19 in China each day in December 2022, and that the deaths may peak at 25,000 a day in January.

Leaked minutes from a meeting of China’s top health body confirmed by multiple news outlets suggested that as many as 248 million people became infected within the first 20 days of December, and that the virus has infected over half of the residents in Beijing and Sichuan Province.

Despite news suggesting COVID-19 cases and related deaths have increased in China, the CCP announced in late December that it will reopen its borders on Jan. 8.

Earlier in December, the CCP abruptly reversed its draconian so-called zero-COVID policy that had been in effect for nearly three years, amid widespread protests against the communist regime.

Following the sudden shift in policy, COVID-19 cases have been increasing throughout the country of 1.4 billion people.

Chinese Scientists Shared Data Claiming No New Variant: WHO

On Jan. 3, the WHO’s Technical Advisory Group on Virus Evolution (TAG-VE) and China’s top scientists held a closed meeting. Scientists from the China Center for Disease Control presented data that showed dominant strains currently circulating are the Omicron subvariants BA.5.2 and BF.7, which together account for 97.5 percent of all local infections, the WHO stated.

“No new variant or mutation of known significance is noted in the publicly available sequence data,” the WHO advisory group also noted of the data they received from Chinese scientists.

…

Read more here…

4/EUROPEAN AFFAIRS/UK AFFAIRS//

FRANCE/UKRAINE

France pledges western tanks to Ukraine

(zerohedge)

Macron Pledges ‘First Western Tanks’ To Ukraine While US Mulls Bradley Fighting Vehicles

WEDNESDAY, JAN 04, 2023 – 09:05 PM

French President Emmanuel Macron on Wednesday announced he intends to send ‘light tanks’ to Ukraine, which will make France the first to supply Western-manufactured tanks to the conflict, after some like Poland earlier transferred Soviet tanks. 

While NATO allies have gradually increased the sophistication of weaponry shipped to Kiev, including longer range missiles and more recently Patriot systems approved by the US, they have stopped short of sending either tanks or fighter jets, largely on fears of Moscow expanding the war in response.

“The president wanted to increase… aid” to Ukraine “by accepting to deliver AMX-10 RC light tanks” – a Macron aide told reporters following the French leader holding a call with Ukrainian President Volodymyr Zelensky.AMX-10RC tank, via Wiki Commons

The AFP has described the French-made AMX-10 RC as an older light model tanks which the French infantry used in the 1980s, but has since been phased out. It is six-wheeled and not on tracks, thus it’s sometimes called a “wheeled tank” – but has a powerful 105 mm gun on a turret. 

Among other medium and heavy equipment, France and other countries have already delivered armored personnel carriers to Ukraine, so this appears the next step up, perhaps paving the way to heavier more conventional tanks to match Russia’s significant tank forces.

Previously, Poland and the Czech Republic have sent Soviet-era tanks to Ukraine, even as Western Europe and the US were reluctant. 

As for the United States, the Biden administration is mulling sending Bradley Fighting Vehicles to Ukrainian forces, with the president responding “yes” to a journalist’s question Wednesday when asked about prior reporting… 

Bloomberg was the first to report last week that “The US government is considering sending Bradley Fighting Vehicles to Ukraine as part of a further package of military support, according to people familiar with the matter.”

“A final decision hasn’t yet been made, one of the people said,” the report said. “When the vehicles would be operational is also unclear, said the people, who spoke on condition of anonymity to discuss the sensitive issue.” Biden on Wednesday officially confirmed the deliberations are underway.

END

UK

disruptions widespread as the rail strike hits the UK

(zerohedge)

“Tragic Thursday” – Disruptions Widespread As Rail Strike Hits UK

THURSDAY, JAN 05, 2023 – 12:45 PM

British rail workers started the new year with a week-long strike on Tuesday, disrupting commuters across the UK. By Thursday, the industrial action spread as some of London’s largest railway stations were shuttered. 

Train service into London operated by Thameslink, Southern, and Southeastern was halted as train drivers represented by the Aslef union walked out over pay. The labor action comes as RMT, another labor group, held separate strikes. It should be noted that RMT isn’t on strike today, but Aslef’s industrial action has led to additional disruption of train networks. 

Bloomberg said the latest labor action had been called “Tragic Thursday” by rail bosses because the entire train network will only be able to operate at 20%, likely causing massive disruptions for commuters today. 

The effect is more severe than on the days affected by the RMT’s strikes. London Bridge, Victoria and City Thameslink have no services at all. There are no services on the West Coast main line which connects London to Birmingham, Manchester and Glasgow.

Some rail operators are running a heavily reduced service, such as Great Western Rail which is providing one hourly train into Paddington. That is compared with four hourly trains on previous RMT strike days.

Travelers to and from Gatwick airport will have to make their way by coach or car. However, most of the hub’s coach services run by National Express Group Plc have already sold out. Neither are there any trains to Luton airport.

Bus services in west and south London are disrupted as a strike by Abellio workers rolls into its second day. –Bloomberg

Rail strikes have been ongoing for months across the UK as soaring inflation and stagnant wage growth batter the working poor. Labor bosses have been negotiating with rail companies for higher pay, but ongoing labor actions indicate no progress has been made. 

END

5.UKRAINE RUSSIA//MIDDLE EASTERN AFFAIRS

RUSSIA/UKRAINE

U.S. Forces in Europe Prepare for War With Russia

Robert Hryniak	9:48 AM (2 hours ago)
to

Someone once wrote or said, that war is politics by another means. One does wonder does that means politics kills and war simply does it better and faster?

Let’s not sugar coat realities already observed in the Ukraine. The West has Ukrainians using more artillery shells in two weeks than what the US produces in a year. Let that sink in. Is war without a military supply chain to back it up, practical? Sure you can buy shells from South Korea but for how long? So, what does that say about cost? After all war is measured by affordability which makes all wars banker’s wars. Because without credit there can be no war. In a world quickly coming to a liquidity crisis without war trying to beat the clock of fiscal reality is a route of despair as the hourglass of sand will run out before a real sustained war can be achieved, or even hoped to be won.

Bluntly put, if the 90,000 NATO soldiers in Romania go in, expect 45,000 to be dead in the 1st two weeks. The 16,000 US troops in the Baltics will be dead by the end of week one. And this is without true combat as Russia uses standoff weapon systems. As for actual combat face to face throwing troops without integrated tank commands is a slaughter. Where are the thousands of tanks going to come from to match or overwhelm Russian forces? Yes, Poland is next in sacrifice, but at what cost? Does anyone really think that the entire energy grid of Poland cannot disappear in a day with standoff missiles? Does no one realize that many missiles being used in Ukraine today are actually dated Russian technology and in many cases Russia scales down the technology for the job at hand as not waste money. As much as Western Planners orgasm at the thought of seeing state of the art weaponry being deployed in the Ukraine, so far they have been denied that pleasure. What they have seen is tactical integration of troops not thought to be possessed by Russia; which is why everyone wants to see the Russian real invasion to see, to future plan. Yes, it will come but only when Russia is ready on its’ own schedule and not on a Western one. Because Russians realize that plans need flexibility for the unexpected. So yes, killing a few hundred young Russian troops in barracks is sad but a calculated attempt to cause a premature response which will not be coming. And yes, we all know it was American satellites and other systems manned by Americans that caused the kill. After all Americans under contract in Ukrainian uniforms are deniable. And none of this will change the reality of the fresh killing fields in the Donbas where the Russian meat grinder swallows what is left of a Ukrainian army. The territorial conscripts are not real army but simply cannon fodder.

And perhaps even more to the point, where is the energy going to come from to back up a mass movement of combat troops with backup while maintaining a semblance of a consumer economy? Does any thinking person plot this out? You can mask failure with a new great reset to usher in a new currency. But what does a failed economic state of affairs say about value of that currency? Yes, i suppose you can seize assets of the public at large and call this yours. But is this not communism? Or shall we call it fascism? Why anyone thinks that a public who’s had the pleasure of private ownership will give up that ownership to own nothing to be happy is a delusion.

As the wheel of economic turmoil accelerates, so will dial on war increase, in hopes of shifting attention to war over the failure of governments and the central banking systems fostered.

https://trendsinthenews.substack.com/p/us-forces-in-europe-prepare-for-war

END

Update on the Russian Ukrainian front

(Warnews)

General Russian attack on Soledar: Town falls – Ukrainian forces enter salt mines under fire – New Azovstal!

Robert Hryniak	3:59 PM (1 hour ago)
to

The Ukrainians have retreated to the Salt mines … they are 100 meters deep and run for miles and have been well stocked … another longer term seize …

Γενική επίθεση των Ρώσων στο Soledar: Πέφτει η πόλη – Οι Ουκρανικές δυνάμεις μπήκαν στα ορυχεία άλατος υπό καταιγισμό πυρών – Νέο Azovstal!

end

/RUSSIA/UKRAINE

Belarus Drafts Every Male 18 to 60 for the Inevitable War | Armstrong Economics

Robert Hryniak	8:54 AM (30 minutes ago)
to

Many years ago now, my mom visited her birthplace in what was Poland at the time, although she was Ukrainian. Today, that is part of Belarus. Even back then which well over a decade ago they were building bomb shelters in all of the little villages. They have been preparing for a long time.
Yes, war is coming and in reality many people have known this for a long time. And yes, Klaus and his delusional followers will fail because Russia cannot be defeated in a conventional war even if the last Ukrainian dies. And if it goes beyond, well that means no winners only losers. As for the so called great reset, led by this clown, let’s ask the hard questions about what records the Polish Government has about his family’s history with work camps during WWII.
As for battlefield weapons, Russia is the undisputed leader in hypersonic missiles which Are being shown to be unstoppable. And most recently the 1st Frigate of many is deployed using Zircon missiles that travel at Mach 9. Good luck stopping one. Because in reality a carrier fleet can be sunk by kinetic impact at such speeds while the frigate is well out of harms way. And no you will not be told how Russia has a means to resupply such vessels at sea. And yes, these missiles are in serial production in factories working 6 days a week. And what has the West got to show on parade other that broken supply chains and fools as leaders. And we are to accept and believe this is winning plan? If a real fight does break out, then do expect to read about troop losses that will make Vietnam look like a walk in the park.

Belarus Drafts Every Male 18 to 60 for the Inevitable War

6/GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES

Vaccine//Covid issues: Injuries

This is big!

EXCLUSIVE: CDC Finds Hundreds of Safety Signals for Pfizer and Moderna COVID-19 Vaccines

COVID NEWS

Zachary Stieber

Jan 3 2023

biggersmaller

The Centers for Disease Control and Prevention headquarters in Atlanta on April 23, 2020. (Tami Chappell/AFP via Getty Images)

The Centers for Disease Control and Prevention (CDC) has identified hundreds of safety signals for the two most widely administered COVID-19 vaccines, according to monitoring results obtained by The Epoch Times.

Bell’s palsy, blood clotting, and death were among the signals flagged through analysis of adverse event reports submitted to the Vaccine Adverse Event Reporting System (VAERS). The CDC, which runs VAERS with the Food and Drug Administration (FDA), describes it as “the nation’s early warning system” for vaccine issues.

The CDC’s primary analysis compared the reports made for specific events suffered after receipt of a Moderna or Pfizer COVID-19 vaccine to the reports lodged following vaccination with any other vaccine, or all non-COVID-19 vaccines. The type of analysis is known as Proportional Reporting Ratio (PRR).

Safety signals mean a condition may be linked to a vaccine. Signals require further analysis to confirm a possible link.

The CDC analysis was conducted on adverse events reported from Dec. 14, 2020, to July 29, 2022.

The Epoch Times obtained the results through a Freedom of Information Act request after the CDC refused to make the results public.

VAERS is a passive reporting system that accepts reports from anybody, but most are lodged by health care professionals, who were told during the COVID-19 pandemic that they were required to lodge reports if post-vaccination issues cropped up. People who lodge false reports face penalties.

Reports don’t prove causality or a link between an event and a vaccine. At the same time, studies show that the number of reports is often an undercount of the actual occurrence of post-vaccination events.

‘Onus Is on the Regulators’

The CDC and FDA stated in operating procedure documents that officials would monitor VAERS to identify “potential new safety concerns for COVID-19 vaccines,” with the CDC performing PRR analysis. The CDC has issued multiple false statements on the data mining but ultimately acknowledged that it didn’t start performing the monitoring technique until 2022—more than one year after the Pfizer and Moderna vaccines were authorized.

PRR involves comparing the incidence of a specific adverse event after a specific vaccine to the incidence after all other vaccines. A signal is triggered when three thresholds are met, according to the CDC: a PRR of at least two, a chi-squared statistic of at least four, and three or more cases of the event following receipt of the vaccine being analyzed. Chi-squared tests are a form of statistical analysis used to examine data.

The results obtained by The Epoch Times show that there are hundreds of adverse events (AEs) that meet the definition, including serious conditions such as blood clotting in the lungs, intermenstrual bleeding, a lack of oxygen to the heart, and even death. The high numbers, particularly the chi-squared figures, concerned experts.

For many of the events, “the chi-squared is so high that, from a Bayesian perspective, the probability that the true rate of the AE of the COVID vaccines is not higher than that of the non-COVID vaccines is essentially zero,” Norman Fenton, a professor of risk management at Queen Mary University of London, told The Epoch Times in an email after running the numbers through a Bayesian model that provides probabilities based on available information.

There was a probability of less than 0.5 percent that the rate of hepatic cirrhosis, for instance, was less following COVID-19 vaccination than non-COVID-19 vaccination. For myocarditis, or heart inflammation, in the 12- to 17-year-old group, the probability was close to zero.

The CDC’s results also show that a much higher proportion of events after COVID-19 vaccination were serious. For adults, for instance, the proportion was 11.1 percent, compared to 5.5 percent after non-COVID-19 vaccines. The proportion of deaths for adults was 15.4 percent after COVID-19 vaccination, much higher than the 2.5 percent after other shots.

“The onus is on the regulators to come up with some other causal explanation for this difference if they wish to claim that the probability a COVID vaccine AE results in death is not significantly higher than that of other vaccines,” Fenton said.

The CDC and FDA didn’t respond by press time to requests by The Epoch Times for comment.

A CDC spokesperson previously told The Epoch Times in an email that the PRR results “were generally consistent with EB data mining, revealing no additional unexpected safety signals.”

The agency’s records office, in a letter accompanying the results, stated that the results “generally corroborated findings from Empirical Bayesian (EB) data mining,” a method employed by the FDA. The FDA has refused to release the EB mining results.A portion of the CDC’s PRR results. Click to zoom in. The full results can be downloaded at the end of the article. (Screenshot via The Epoch Times)

‘Should Be Taken Seriously and Investigated’

U.S. health officials have been cautious in tying adverse events, or side effects, to the COVID-19 vaccines. But they’ve acknowledged that some side effects are caused by the Moderna and Pfizer vaccines—both of which utilize messenger RNA (mRNA) technology—including myocarditis and a related condition called pericarditis.

Some age groups are actually at higher risk of myocarditis and pericarditis after vaccination than after COVID-19 infection, leading a growing number of experts to warn against vaccinating certain people.

The newly obtained PRR results returned more than 500 adverse events larger than myocarditis and pericarditis.

“We know that the signal for myocarditis is associated with something that is caused by the mRNA vaccines, so it’s more than reasonable to say that anything with a signal larger than myocarditis/pericarditis should be taken seriously and investigated,” Josh Guetzkow, an Israeli professor who trained in statistics at Princeton University and has been studying VAERS data during the pandemic, told The Epoch Times via email.

The CDC and FDA stated in their operating procedures that safety signals would be “reviewed as appropriate.”

“The pattern or trend of PRR and data mining results over a period of time (e.g., several weeks) will be monitored before initiating a clinical review. Other factors, such as clinical importance, whether AEs are unexpected, seriousness, and whether a specific syndrome or diagnosis is identified rather than non-specific symptoms will be considered in determining if clinical review will be performed,” the documents read.

If a clinical review was triggered, that would include reviewing reports and associated medical records regarding the adverse event, confirming the time from vaccination to symptoms onset and other work.

The FDA recently revealed that out of four signals identified for older individuals after Moderna or Pfizer vaccination, three were ruled out with further analysis, but one—pulmonary embolism—continued meeting the criteria. Pulmonary embolism was identified as a signal in the PRR analysis for individuals as young as 12.

Download the Files

The results of the analysis are in Excel sheets. The results can be downloaded from the links below. Tables one and two weren’t provided.

7.29.22 Table3 PRR of PTs for COVID19 Pfizer Compared to Moderna

7.29.22 Table 4 PRR of PTs for COVID19 Moderna Compared to Pfizer

7.29.22 Table 5 PRR of PTs for COVID19 mRNA Compared to Non-COVID

7.22.29 Table 3 PRR of PTs for COVID19 Pfizer Compared to Moderna

7.22.29 Table 4 PRR of PTs for COVID19 Moderna Compared to Pfizer

7.22.29 Table 5 PRR of PTs for COVID19 mRNA Compared to Non-COVID

7.15.22 Table 3 PRR of PTs for COVID19 Pfizer Compared to Moderna

7.15.22 Table 4 PRR of PTs for COVID19 Moderna Compared to Pfizer

7.15.29 Table 5 PRR of PTs for COVID19 mRNA Compared to Non-COVID

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end

Very important!! Ivermectin is the drug of choice in COVID

(EpochTimes)

Health Care Workers Cry Foul on FDA Claiming It Didn’t Prohibit Ivermectin for COVID-19

Chris Powell	11:25 PM (31 minutes ago)
to me

Health Care Workers Cry Foul on FDA Claiming It Didn’t Prohibit Ivermectin for COVID-19

By Katie Spence
The Epoch Times, New York
Tuesday, January 3, 2023

https://www.theepochtimes.com/healthcare-workers-cry-foul-on-fda-claiming-it-didnt-prohibit-ivermectin-for-covid-19_4926221.html

Dr. Yusuf Saleeby has practiced medicine for more than 30 years. He serves patients in South Carolina and until recently had never faced an investigation from his state medical board.

But after Saleeby started prescribing ivermectin to his patients, he was reported to the board, which opened an investigation, despite the state’s attorney general’s promise that his office wouldn’t prosecute doctors who prescribed off-label medications.

Jennifer Wright, a nurse practitioner and clinical director who practices in Florida, but can prescribe across state lines, told The Epoch Times she received a letter from the Office of the Attorney General of New York ordering her not to prescribe ivermectin.

“You know, basically threatened me. If I don’t stop prescribing, then they’re going to fine me,” Wright said about the letter, which threatened legal action with fines of up to $5,000 per violation.

The letter stated that the Food and Drug Administration only authorized ivermectin for use in humans when treating “parasitic worms and head lice and skin conditions like rosacea.”

The citation in the letter appears to be from an FDA advisory issued in March 2021 titled “Why You Should Not Use Ivermectin to Treat or Prevent COVID-19.”

That advisory and other anti-ivermectin messaging from the FDA are now the subject of a lawsuit brought by three doctors against the agency. The doctors argue that the FDA illegally interfered with their ability to treat patients. The suit was dismissed but an appeal has been filed by the plaintiffs.

During a hearing in 2022, attorneys defending the government argued that the agency’s missives were just a recommendation.

“They did not say it’s prohibited or it’s unlawful. They also did not say that doctors may not prescribe ivermectin,” Isaac Belfer, one of the lawyers for the government, said during a Nov. 1, 2022, hearing in federal court in Texas.

The government’s arguments differ greatly from the reality many doctors faced for prescribing ivermectin. Some lost their jobs, others were investigated by state medical boards, and many received threats from the New York attorney general because they were prescribing across state lines.

Matthew Dark, a spokesperson for Roots Medical and Colorado Healthcare Providers for Freedom, which has more than 275 physicians in the group, stated that several doctors in Colorado are facing investigations by the state medical board.

When asked about the FDA’s new claim, Dark stated: “They knew it was safe for humans, and they made that very accusatory thing if you were a doctor prescribing this, you were an idiot. You were practicing like a hillbilly. So that message was loud and clear.”

Dark referred to Twitter posts from the FDA, one of which said: “You are not a horse. You are not a cow. Seriously, y’all. Stop it.”

“Pharmacies were responding to the practice and providers trying to write [ivermectin] the same way the FDA was behaving,” Dark said.

Wright concurred, and pointing to her letter from the New York attorney general, said, “It clearly states in this letter that according to the FDA, you must cease and desist in prescribing ivermectin to New York State residents.”

Dr. Miguel Antonatos, a board-certified internal medicine physician who practices out of Illinois, but can prescribe to other states, told The Epoch Times via email that he, too, received a letter from the New York attorney general.

Nicole Sirotek is a registered nurse and founder of American Frontline Nurses, a patient advocacy network that boasts 22,000 nurses. She told The Epoch Times that her nurses often work with doctors in hospital settings.

At the height of the pandemic, Sirotek said patients would reach out to her advocacy network and beg for ivermectin, either for themselves or their loved ones dying in the hospital.

She stated that in five separate instances, doctors were fired or forced to resign for prescribing ivermectin as a home medication for nurses to administer in hospitals.

“That happened five times, and each physician was fired. That’s five physicians in five different states and five different hospital systems.”

Julie McCabe, a registered nurse and director of advocacy services for American Frontline Nurses, told The Epoch Times that the above doctors include Dr. Edith Behr in Pennsylvania, Dr. John Witcher in Mississippi, Dr. Mary Bowden in Texas, Dr. Robert Karas in Arkansas, and Dr. Paul Marik in Virginia. Bowden and Marik are two of the three doctors suing the FDA over its stance on ivermectin.

Bowden told The Epoch Times that Houston Methodist Hospital suspended her for merely writing on Twitter about ivermectin, and she had to overcome “numerous obstacles” when prescribing it to patients.

“The FDA was the key creator of these hurdles when it launched a social media campaign stating that ivermectin is dangerous and only for horses. When faced with a lawsuit, the FDA now claims it was merely making suggestions—suggestions that have threatened my ability to practice medicine and more importantly, interfered with life-saving early treatment of COVID patients,” Bowden said.

Sirotek said members of the group Team Halo targeted her because of her stance on ivermectin. The group describes itself as “volunteer scientists and healthcare professionals from around the world, working to end this pandemic by contributing our time to address concerns and public health misinformation.”

Members of the group filed several complaints to Nevada’s state medical board, which Sirotek said costs her $5,000 per complaint to fight.

With tears streaming from her eyes, Sirotek said she’d also received death threats, pictures of her house, and threats to murder her children. Sirotek provided copies of these threats to The Epoch Times. Team Halo didn’t respond to a request by The Epoch Times for comment.

… Pushback Begins

In the spring of 2020, with COVID-19 spreading like wildfire through the population, finding a viable treatment was paramount in many doctors’ minds. And as no drug was approved to treat the novel virus, they turned to off-label use, a standard medical practice even in non-pandemic times.

In March 2020, a group of leading critical care specialists joined forces and formed the Front Line COVID-19 Critical Care Alliance (FLCCC). Their mission was to examine different therapies and drugs and recommend possible COVID-19 treatments based on best medical practices and emerging data.

Almost immediately, ivermectin was put forward as a possible treatment. First approved for human use in 1987 and dispensed billions of times since then, ivermectin is traditionally prescribed to treat parasites. But it’s safe and was already known to have an effect on viruses.

“This is a medication that is safer than Tylenol, safer than stuff we sell over the counter,” Wright said.

Saleeby agreed.

Ivermectin is “probably one of the most prescribed drugs. It’s given out like candy in Sub-Saharan Africa and Amazon basin or anywhere around water. … It’s doled out to children and pregnant women. … As far as safety, it’s probably safer than baby aspirin. It’s probably the safest drug on the planet, to be honest.

“I was using [ivermectin] sporadically in some of my Lyme patients. It’s effective against Lyme. We knew it had effectivity against viruses and other pathogens like Borrelia and Babesia.”

Sirotek told The Epoch Times that, especially as the Delta strain increased hospitalizations and deaths in the United States, she and several nurses questioned why some countries seemingly remained unaffected. The answer, she believes, was widespread ivermectin use.

At first, prescribing ivermectin and obtaining it from a regular pharmacy wasn’t an issue, Wright said. More importantly, it worked.

“We started using it very early on, and I could prescribe it to the pharmacy. I would prescribe it according to the FLCCC recommendations because they were the ones doing the research. I was just validating that, you know, this has some real stuff behind it.”

When the pandemic began, ivermectin as an effective treatment was primarily a theory. But as health care workers reported that it worked, more and more studies were conducted to back up those early successes.

There have been 189 ivermectin COVID-19 studies, according to the aggregate site C19ivm.org. Of those studies, 139 have been peer-reviewed, and 93 compare treatment and control groups.

In the 93 studies, which had more than 133,838 patients in 27 countries, there were “statistically significant improvements are seen for mortality, ventilation, ICU admission, hospitalization, recovery, cases, and viral clearance,” a real-time meta-analysis states.

Simply put, as health care workers saw firsthand that ivermectin worked in their practices, studies were simultaneously confirming the medicine’s effectiveness.

Dr. Peter Raisanen, a naturopathic medical doctor in Arizona, said that once he started his patients on ivermectin, they typically started feeling better within a few days.

“It seemed like it was within three to four days, like they [started feeling] better,” Raisanen told The Epoch Times.

Raisanen said he treated about 200 patients with ivermectin, and none died. Almost all stayed out of the hospital. That’s an experience several doctors attested to witnessing.

“We’ve probably collectively [at Roots Medical], treated 1,000 people with early COVID,” Dark said.

He said that when a patient was treated early on in their illness, there was a clear improvement—often within hours.

“It’s within two hours of that first dose that people start feeling noticeably better. And within two days, most symptoms are gone. Again, this is with starting early treatment, say days one to three, one to four, of infection or symptoms,” Dark said.

irotek said the nurses in her network partnered with My Free Doctor’s Dr. Ben Marble and his network of physicians. Altogether, the group treated more than 300,000 patients with early ivermectin intervention. She said of those 300,000, only three died.

Saleeby didn’t specify the exact number of patients treated.

“I’ve seen some miraculous things in the patients that I prescribed ivermectin to, who follow our instructions, and get on it right away at the appropriate dose and do the nutraceutical bundles,” he noted. “[They] are not going into the hospital and they’re not dying.”

Saleeby said that he treated himself with ivermectin when he caught COVID-19. He credits its use with keeping him out of the hospital.

… Pharmacies Impede Treatment

While ivermectin was obtainable from traditional pharmacies at the start of the pandemic, health care providers soon started to get pushback.

“As I started prescribing [ivermectin] to more and more people, I started getting calls from pharmacists,” Wright said.

Susan Julian, a nurse practitioner and certified functional medicine practitioner with a practice in Indiana, said the first time she realized something was amiss was when one of her patients contacted her after she prescribed him ivermectin.

Julian said that when her patient tried to have his prescription filled, the pharmacists asked him if it was for parasites. When the patient said it was for COVID-19, the pharmacists “hassled him right there in the store,” she told The Epoch Times.

“Pharmacists are not supposed to ask people, ‘Why are you taking this medication?’ It’s not their business unless you make it their business,” Julian said.

Shortly after, the pharmacies started calling Julian and stating they wouldn’t fill her prescriptions for patients.

Dark, whose Colorado Healthcare Providers for Freedom network includes 275 doctors in Colorado, added that the pushback from pharmacies on ivermectin fulfillment was without precedent.

“There has never been a drug, like ivermectin, so singular at being picked out and said that ‘we will not fill under any circumstances.’ That has never happened before,” Dark said.

The refusals to fulfill prescriptions soon turned to threats.

“I had pharmacists tell me that they’re recording me for misinformation. For doing harm to my patients,” Wright said.

Circling back to the FDA and opposing ivermectin, Saleeby said: “[The FDA] really did go way out of the way to make it difficult for doctors to feel comfortable using it. By threatening their licenses, by kind of bullying them, if you will, into not prescribing it. To just go along with the narrative.”

… Answering the ‘Why’

The FDA’s website states that if a viable treatment exists for an illness during a health emergency, neither medications nor vaccines may be approved using an emergency use authorization.

While there isn’t concrete proof for their position, some doctors and nurses interviewed by The Epoch Times theorized that the FDA’s pushback against ivermectin was motivated by the need to secure an emergency use authorization for the COVID-19 vaccines.

“They had an agenda. And the agenda was to push this new form of vaccine, this mRNA vaccine, because it was going to make the industry billions of dollars. And in order for them to promote this because they didn’t have the time to do randomized control trials for efficacy and safety, they had to use Emergency Use Authorization [EAU],” Saleeby said.

“It completely destroys the vaccine position,” Dark concurred. “One thing that’s written very clearly is that you cannot have a known acceptable form of treatment out there available to the public and still be operating under emergency use.”

“If there was a possible treatment for COVID-19, the vaccine would not be able to obtain emergency authorization use,” Wright said. “If there’s any possible treatment, then the vaccines would have to go through rigorous testing.”

The Epoch Times sought comment from the FDA, Dr. Anthony Fauci, the state medical boards in Colorado and South Carolina, CVS, Walgreens, King Soopers, and the New York Attorney General’s office.

The Colorado Department of Regulatory Agencies stated, “Any complaint that may have been received by the Colorado Medical Board as part of an investigation is confidential and unavailable for public inspection pursuant.”

The other agencies and pharmacies didn’t reply by the time of publication.

-END

Masks are totally useless. Now the UK government states it is not compulsory to wear a mask even if ill

(zerohedge)

Wearing Masks When Ill “Not Compulsory”, UK Government Says

THURSDAY, JAN 05, 2023 – 05:00 AM

Authored by Alexander Zhang via The Epoch Times,

The UK government has stressed that it is “not compulsory” to wear a mask while ill, though it has been “longstanding advice” from health authorities.

It comes after Professor Susan Hopkins, chief medical adviser at the UK Health Security Agency (UKHSA), issued advice on Jan. 2 saying adults should “wear a face covering” if they have to leave the house while feeling unwell.

The UKHSA handed out the advice this week in a bid to counter high levels of flu, COVID-19, and invasive Strep A disease.

Transport Secretary Mark Harper also said it would be “sensible” to do so if travelling.

Transport Secretary Mark Harper arrives for a government COBRA emergency committee meeting at the Cabinet Office in London, on Dec. 14, 2022. (Victoria Jones/PA Media)

Asked for the government’s opinion on the UKHSA’s guidance, Prime Minister Rishi Sunak’s spokesman said on Jan. 3: “Obviously that’s advice they put out. I think that is pretty longstanding advice.

“It remains health advice to the public—it is not mandatory. People need their judgment. Certainly people will continue to use their good sense, having spent a long time dealing … with these kinds of infectious illnesses.”

Questioned whether it was really “longstanding” advice for people to wear face coverings if they are battling a cold, the spokesman replied: “That’s not what the advice says. What you’ll see is, as has often been the case, if people are ill, they are advised to stay at home.

“Obviously people can choose to wear a mask if they wish to. It is not compulsory. This is advice from UKHSA rather than government ministers telling people what to do, as we saw during the height of the pandemic before the emergence of vaccines.”

Asked if the prime minister would consider wearing a mask while feeling unwell, the spokesman said he had not put the question to Sunak.

“I imagine it is down to individual circumstances,” the spokesman told reporters.

‘Sensible Thing to Do’

Asked if he would wear a mask if he was ill with COVID-19, Harper, the transport secretary, told LBC radio: “First of all, you should stay at home if you think you have got COVID or you have got flu. Actually the most sensible thing to do is to not go out and spread it. If you do go out, clearly wearing a mask is very sensible if you are ill.

“But we manage these illnesses now by vaccination. People should get vaccinated for COVID, they should also get a flu vaccination. We have seen very high levels of flu this winter.”

The UK has followed a long list of other countries in taking precautionary measures in response to an increase in COVID-19 cases in China on the heels of the communist regime’s abrupt lifting of stringent zero-COVID restrictions last month.

In the first 20 days of December, 248 million people in China likely became infected, according to an internal meeting memo of China’s top health body that was leaked online. The number dwarfs the COVID-19 data and death tally officially released so far, which international experts have said is disproportionate to the actual scale of the outbreak.

The United States, Italy, Spain, France, Australia, and Canada have adopted entry curbs on arrivals from China, following in the footsteps of China’s neighbouring nations and regions such as India, Malaysia, Japan, and Taiwan.

Travellers walk with their luggage at Beijing Capital International Airport, amid the COVID-19 outbreak in Beijing, China, on Dec. 27, 2022. (Tingshu Wang/Reuters)

Monitoring New Variants

Under new measures announced by UK Health Secretary Steve Barclay on Dec. 30, from Jan. 5, people flying from mainland China to England will be asked to take a test no more than two days prior to departure.

In addition, the UKHSA will launch new surveillance measures on Jan. 8, which will see a sample of passengers arriving from China tested for COVID-19 at the point of their arrival.

But Harper said that those who test positive on arrival will not be required to quarantine.

“What we are doing is we are collecting that information for surveillance purposes,” he said, adding, “The policy for arrivals from China is primarily about collecting information that the Chinese government are not sharing with the international community.”

Harper said:

“This is about a country, China, which isn’t sharing the health data with the global health system that we expect everybody to do. That is why we have put this temporary precautionary measure in place as China opens up its borders.”

He said it is a “very sensible, balanced proposition” which helps keep people in the UK safe but doesn’t put any restrictions on how people in the UK are able to operate.

The Department of Health and Social Care (DHSC) said passengers “will not be allowed to board a flight” to the UK from China if they do not have evidence of a negative test result.

But, in a separate statement, a DHSC spokeswoman confirmed that tests upon arrival in England were “optional.”

She said: “We encourage people at the border to take a test to help themselves, their families, and wider knowledge on COVID. However, the testing is optional and people can decline if they wish to do so.”

Downing Street said the government would set out the full details regarding new rules for travellers entering the UK from mainland China or Hong Kong “in due course.”

end

GLOBAL ISSUES;//TWITTER FILES

Matt Taibbi

Summary and a brief glossary of terms

Taibbi: Summaries Of All ‘Twitter Files’ To Date

WEDNESDAY, JAN 04, 2023 – 10:25 PM

Authored by Matt Taibbi via TK News,

It’s January 4th, 2023, which means Twitter Files stories have been coming out for over a month. Because these are weedsy tales, and may be hard to follow if you haven’t from the beginning, I’ve written up capsule summaries of each of the threads by all of the Twitter Files reporters, and added links to the threads and accounts of each. At the end, in response to some readers (especially foreign ones) who’ve found some of the alphabet-soup government agency names confusing, I’ve included a brief glossary of terms to help as well.

In order, the Twitter Files threads:

1. Twitter Files Part 1: December 2, 2022, by @mtaibbiTWITTER AND THE HUNTER BIDEN LAPTOP STORYRecounting the internal drama at Twitter surrounding the decision to block access to a New York Post exposé on Hunter Biden in October, 2020.Key revelations: Twitter blocked the story on the basis of its “hacked materials” policy, but executives internally knew the decision was problematic. “Can we truthfully claim that this is part of the policy?” is how comms official Brandon Borrman put it. Also: when a Twitter contractor polls members of Congress about the decision, they hear Democratic members want more moderation, not less, and “the First Amendment isn’t absolute.”1a. Twitter Files Supplemental, December 6, 2022, by @mtaibbiTHE “EXITING” OF TWITTER DEPUTY GENERAL COUNSEL JIM BAKERA second round of Twitter Files releases was delayed, as new addition Bari Weiss discovers former FBI General Counsel and Twitter Deputy General Counsel Jim Baker was reviewing the first batches of Twitter Files documents, whose delivery to reporters had slowed.
2. Twitter Files Part 2, by @BariWeiss, December 8, 2022TWITTER’S SECRET BLACKLISTSBari Weiss gives a long-awaited answer to the question, “Was Twitter shadow-banning people?” It did, only the company calls it “visibility filtering.” Twitter also had a separate, higher council called SIP-PES that decided cases for high-visibility, controversial accounts.Key revelations: Twitter had a huge toolbox for controlling the visibility of any user, including a “Search Blacklist” (for Dan Bongino), a “Trends Blacklist” for Stanford’s Dr. Jay Bhattacharya, and a “Do Not Amplify” setting for conservative activist Charlie Kirk. Weiss quotes a Twitter employee: “Think about visibility filtering as being a way for us to suppress what people see to different levels. It’s a very powerful tool.” With help from @abigailshrier, @shellenbergermd, @nelliebowles, and @isaacgrafstein.
3. Twitter Files, Part 3, by @mtaibbi, December 9, 2022THE REMOVAL OF DONALD TRUMP, October 2020 – January 6th, 2021First in a three-part series looking at how Twitter came to the decision to suspend Donald Trump. The idea behind the series is to show how all of Twitter’s “visibility filtering” tools were on display and deployed after January 6th, 2021. Key Revelations: Trust and Safety chief Yoel Roth not only met regularly with the FBI and the Department of Homeland Security, but with the Office of the Director of National Intelligence (ODNI). Also, Twitter was aggressively applying “visibility filtering” tools to Trump well before the election.
4. Twitter Files Part 4, by @ShellenbergerMD, December 10, 2022THE REMOVAL OF DONALD TRUMP, January 7th, 2021This thread by Michael Shellenberger looks at the key day after the J6 riots and before Trump would ultimately be banned from Twitter on January 8th, showing how Twitter internally reconfigured its rules to make a Trump ban fit their policies.Key revelations: at least one Twitter employee worried about a “slippery slope” in which “an online platform CEO with a global presence… can gatekeep speech for the entire world,” only to be shot down. Also, chief censor Roth argues for a ban on congressman Matt Gaetz even though it “doesn’t quite fit anywhere (duh),” and Twitter changed its “public interest policy” to clear a path for Trump’s removal.
5. Twitter Files Part 5, by @BariWeiss, December 11, 2022THE REMOVAL OF DONALD TRUMP, January 8th, 2021As angry as many inside Twitter were with Donald Trump after the January 6th Capitol riots, staffers struggled to suspend his account, saying things like, “I think we’d have a hard time saying this is incitement.” As documented by Weiss, they found a way to pull the trigger anyway.Key revelations: there were dissenters in the company (“Maybe because I am from China,” said one employee, “I deeply understand how censorship can destroy the public conversation”), but are overruled by senior executives like Vijaya Gadde and Roth, who noted many on Twitter’s staff were citing the “Banality of Evil,” and comparing those who favored sticking to a strict legalistic interpretation of Twitter’s rules — i.e. keep Trump, who had “no violation” — to “Nazis following orders.”
6. Twitter Files Part 6, by @mtaibbi, December 16, 2022TWITTER, THE FBI SUBSIDIARYTwitter’s contact with the FBI was “constant and pervasive,” as FBI personnel, mainly in the San Francisco field office, regularly sent lists of “reports” to Twitter, often about Americans with low follower counts making joke tweets. Tweeters on both the left and the right were affected.Key revelations: A senior Twitter executive reports, “FBI was adamant no impediments to sharing” classified information exist. Twitter also agreed to “bounce” content on the recommendations of a wide array of governmental and quasi-governmental actors, from the FBI to the Homeland Security agency CISA to Stanford’s Election Integrity Project to state governments. The company one day received so many moderation requests from the FBI, an executive congratulated staffers at the end for completing the “monumental undertaking.”
7. Twitter Files Part 7, by @ShellenbergerMD, December 19, 2022THE FBI AND HUNTER BIDEN’S LAPTOPThe Twitter Files story increases its focus on the company’s relationship to federal law enforcement and intelligence, and shows intense communication between the FBI and Twitter just before the release of the Post’s Hunter Biden story.Key Revelations: San Francisco agent Elvis Chan “sends 10 documents to Twitter’s then-Head of Site Integrity, Yoel Roth, through Teleporter, a one-way communications channel from the FBI to Twitter,” the evening before the release of the Post story. Also, Baker in an email explains Twitter was compensated for “processing requests” by the FBI, saying “I am happy to report we have collected $3,415,323 since October 2019!”

The ten teleporter documents referred to in Mike Shellenberger’s FBI thread.

8. Twitter Files Part 8, by @lhfang, December 20, 2022HOW TWITTER QUIETLY AIDED THE PENTAGON’S COVERT ONLINE PSYOP CAMPAIGNLee Fang takes a fascinating detour, looking at how Twitter for years approved and supported Pentagon-backed covert operations. Noting the company explicitly testified to Congress that it didn’t allow such behavior, the platform nonetheless was a clear partner in state-backed programs involving fake accounts.Key revelations: after the U.S. Central Command (CENTCOM) sent over a list of 52 Arab-language accounts “we use to amplify certain messages,” Twitter agreed to “whitelist” them. Ultimately the program would be outed in the Washington Post in 2022 — two years after Twitter and other platforms stopped assisting — but contrary to what came out in those reports, Twitter knew about and/or assisted in these programs for at least three years, from 2017-2020.Lee wrote a companion piece for the Intercept here:
9. Twitter Files Part 9, by @mtaibbi, December 24th, 2022TWITTER AND “OTHER GOVERNMENT AGENCIES”The Christmas Eve thread (I should have waited a few days to publish!) further details how the channels of communication between the federal government and Twitter operated, and reveals that Twitter directly or indirectly received lists of flagged content from “Other Government Agencies,” i.e. the CIA.Key revelations: CIA officials attended at least one conference with Twitter in the summer of 2020, and companies like Twitter and Facebook received “OGA briefings,” at their regular “industry” meetings held in conjunction with the FBI and the Department of Homeland Security. The FBI and the “Foreign Influence Task Force” met regularly “not just with Twitter, but with Yahoo!, Twitch, Cloudfare, LinkedIn, even Wikimedia.”
10. Twitter Files Part 10, by @DavidZweig, December 28, 2022HOW TWITTER RIGGED THE COVID DEBATEDavid Zweig drills down into how Twitter throttled down information about COVID that was true but perhaps inconvenient for public officials, “discrediting doctors and other experts who disagreed.”Key Revelations: Zweig found memos from Twitter personnel who’d liaised with Biden administration officials who were “very angry” that Twitter had not deplatformed more accounts. White House officials for instance wanted attention on reporter Alex Berenson. Zweig also found “countless” instances of Twitter banning or labeling “misleading” accounts that were true or merely controversial. A Rhode Island physician named Andrew Bostom, for instance, was suspended for, among other things, referring to the results of a peer-reviewed study on mRNA vaccines.
11. and
12. Twitter Files Parts 11 and 12, by @mtaibbi, January 3, 2023HOW TWITTER LET THE INTELLIGENCE COMMUNITY INandTWITTER AND THE FBI “BELLY BUTTON”These two threads focus respectively on the second half of 2017, and a period stretching roughly from summer of 2020 through the present. The first describes how Twitter fell under pressure from Congress and the media to produce “material” showing a conspiracy of Russian accounts on their platform, and the second shows how Twitter tried to resist fulfilling moderation requests for the State Department, but ultimately agreed to let State and other agencies send requests through the FBI, which agent Chan calls “the belly button of the USG.” Revelations: at the close of 2017, Twitter makes a key internal decision. Outwardly, the company would claim independence and promise that content would only be removed at “our sole discretion.” The internal guidance says, in writing, that Twitter will remove accounts “identified by the U.S. intelligence community” as “identified by the U.S.. intelligence community as a state-sponsored entity conducting cyber-operations.”The second thread shows how Twitter took in requests from everyone — Treasury, HHS, NSA, FBI, DHS, etc. — and also received personal requests from politicians like Democratic congressman Adam Schiff, who asked to have journalist Paul Sperry suspended.

GLOSSARY OF “TWITTER FILES” TERMS

1. Government Agencies and NGOsCISA: The Cybersecurity and Infrastructure Security Agency, an agency within the Department of Homeland Security (DHS)CENTCOM: Central Command of the Armed ForcesODNI: Office of the Director of National IntelligenceFITF: Foreign Influence Task Force, a cyber-regulatory agency comprised of members of the FBI, DHS, and ODNI“OGA”: Other Government Agency, colloquially — CIAGEC: Global Engagement Center, an analytical division of the U.S. State DepartmentUSIC: United States intelligence communityHSIN: Homeland Security Information Network, a portal through which states and other official bodies can send “flagged” accountsEIP: Election Integrity Project, a cyber-laboratory based at Stanford University that sends many reports to TwitterDFR: Digital Forensic Research lab, an outlet that performs a similar function to the EIP, only is funded by the Atlantic CouncilIRA: Internet Research Agency, the infamous Russian “troll farm” headed by “Putin’s chef,” Yevgheny Prigozhin 
2. Twitter or Industry-specific termsPII: Can have two meanings. “Personally identifiable information” is self-explanatory, while a “Public Interest Interstitial” is a warning placed over a tweet, so that it cannot be seen. Twitter personnel even use “interstitial” as a verb, as in, “Can we interstitial that?”JIRA: Twitter’s internal ticketing system, through which complaints rise and are decidedPV2: The system used at Twitter to view the profile of any user, to check easily if it has flags like “Trends Blacklist”SIP-PES Site Integrity Policy — Policy Escalation Support. SIP-PES is like Twitter’s version of a moderation Supreme Court, dealing with the most high-profile, controversial rulingsSI: Site integrity. Key term that you’ll see repeately in Twitter email traffic, especially with “escalations,” i.e. tweets or content that have been reported for moderation reviewCHA: Coordinated Harmful ActivitySRT: Strategic Response TeamGET: Global Escalation TeamVF: Visibility FilteringGUANO: Tool in Twitter’s internal system that keeps a chronological record of all actions taken on an accountVIT: Very Important Tweeter. Really.GoV: Glorificaiton of ViolenceBOT: In the moderation content, an individualized heuristic attached to an account that moderates certain behavior automaticallyBME: Bulk Media ExploitationEP Abuse: Episodic abusePCF: Parity, commentary and fan accounts. “PCF” sometimes appears as a reason an account has escaped an automated moderation process, under a limited exceptionFLC: Forced Login Challenge. Also called a “phone challenge,” it’s a way Twitter attempts to verify if an account is real or automated. “Phone challenges” are seen repeatedly in discussions about verification of suspected “Russia-linked” accountsIO: Information Operations, as in The GEC’s mandate for offensive IO to promote American interests.

This page will be kept open and updated as needed. If you have questions about terms, please send them to taibbi@substack.com

PAUL ALEXANDER

Open in app or online‘Russia’s War Could Make It India’s World’; very interesting read indeed, I decided to share; with its almost 1.4 billion inhabitants, soon to overtake China as the world’s most populous country, India has a need for cheap Russian oil to sustain its 7 percent annual growth and lift millions out of poverty. That need is nonnegotiable. India gobbles up all the Russian oil it requires DR. PAUL ALEXANDER JAN 5  SAVE▷  LISTEN  SOURCE:https://dnyuz.com/2022/12/31/russias-war-could-make-it-indias-world/ end ‘Seated in the domed, red sandstone government building unveiled by the British Raj less than two decades before India threw off imperial rule, S. Jaishankar, the Indian foreign minister, needs no reminder of how the tides of history sweep away antiquated systems to usher in the new.Such, he believes, is today’s transformative moment. A “world order which is still very, very deeply Western,” as he put it in an interview, is being hurried out of existence by the impact of the war in Ukraine, to be replaced by a world of “multi-alignment” where countries will choose their own “particular policies and preferences and interests.Certainly, that is what India has done since the war in Ukraine began on Feb. 24. It has rejected American and European pressure at the United Nations to condemn the Russian invasion, turned Moscow into its largest oil supplier and dismissed the perceived hypocrisy of the West. Far from apologetic, its tone has been unabashed and its self-interest broadly naked.“I would still like to see a more rules-based world,” Mr. Jaishankar said. “But when people start pressing you in the name of a rules-based order to give up, to compromise on what are very deep interests, at that stage I’m afraid it’s important to contest that and, if necessary, to call it out.”In other words, with its almost 1.4 billion inhabitants, soon to overtake China as the world’s most populous country, India has a need for cheap Russian oil to sustain its 7 percent annual growth and lift millions out of poverty. That need is nonnegotiable. India gobbles up all the Russian oil it requires, even some extra for export. For Mr. Jaishankar, time is up on the mind-set that “Europe’s problems are the world’s problems, but the world’s problems are not Europe’s,” as he put it in June.’

Open in app or onlineBREAKING study: Yonker et al.: “Circulating Spike Protein Detected in Post–COVID-19 mRNA Vaccine Myocarditis”; ‘notable find was that markedly elevated levels of full-length spike protein (33.9±22.4 pg/mL) unbound by antibodies, detected in the plasma of individuals with postvaccine myocarditis while no free spike detected in asymptomatic vaccinated control subjects (unpaired t test P<0.0001)’ DR. PAUL ALEXANDER JAN 4  SAVE▷  LISTEN  Could the vaccine-induced myocarditis be due to the free ‘unbound’ spike protein? This study en face, seems to be suggesting that it is the spike protein that may be the toxic culprit. But you already know this, as we have been saying this and documenting it 2 years now that the spike protein is an endothelial pathogen, devastating on the inner endothelial layer walls of the vasculature.‘We discovered that individuals who developed postvaccine myocarditis uniquely exhibit elevated levels of free spike protein in circulation, unbound by anti-spike antibodies, which appear to correlate with cardiac troponin T levels and innate immune activation with cytokine release.However, adaptive immunity and T-cell responses were essentially indistinguishable from those of asymptomatic age-matched vaccinated control subjects. The postvaccine myocarditis immuno-profile is distinct, however, from acute SARS-CoV-2 infection and the delayed post-inflammatory illness MIS-C.’SOURCE :https://www.ahajournals.org/doi/10.1161/CIRCULATIONAHA.122.061025

/VACCINE IMPACT

Vaccinated NFL Player Wanted Unvaxxed Jailed – Died Unexpectedly at Age 38

January 4, 2023 5:39 pm

With the collapse of NFL player Damar Hamlin live on Monday Night Football this week, and all the speculation about whether or not his heart attack was related to the COVID-19 shots, the death of former Jacksonville Jaguars offensive lineman Uche Nwaneri has received far less media attention.  Nwaneri is another name added to a growing list of people who publicly flouted their COVID-19 vaccination status, and then vilified those “anti-vaxxers” who refuse to be injected, going so far as to call for the “anti-vaxxers” to be sent to jail, and has now “died unexpectedly” at the age of 38.

Read More…

SLAY NEWS

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MICHAEL EVERY/RABOBANK

end

7//OIL ISSUES//NATURAL GAS ISSUES/USA AND GLOBE

END

8.EMERGING MARKETS ISSUES//AUSTRALIA ISSUES.

END

Your early  currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings THURSDAY morning 7:30 AM

EURO VS USA DOLLAR:1.0605  DOWN  .0001 

USA/ YEN 132.72 UP  0.473/NOW TARGETS INTEREST RATE AT .50% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN  RISES//

GBP/USA 1.2005 DOWN   0.0051

 Last night Shanghai COMPOSITE CLOSED UP 31.70 PTS OR 1.01% 

 Hang Sang CLOSED UP 647.82 POINTS OR 3.22% 

AUSTRALIA CLOSED UP 0.14%  // EUROPEAN BOURSE: ALL GREEN 

Trading from Europe and ASIA

I) EUROPEAN BOURSES  ALL GREEN

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 259.09 PTS OR 1.25% 

/SHANGHAI CLOSED UP 31.70 PTS OR 1.01%

AUSTRALIA BOURSE CLOSED UP 0.14% 

(Nikkei (Japan) CLOSED UP 103.94 PTS OR 1.25% 

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1845.30

silver:$23.42

USA dollar index early THURSDAY morning: 104.14 UP .14  BASIS POINTS from WEDNESDAY’s close.

 THURSDAY  MORNING NUMBERS ENDS

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And now your closing THURSDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 3.306% UP 6  in basis point(s) yield

JAPANESE BOND YIELD: +0.410% DOWN 3 AND 6/100   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.370%// UP 8  in basis points yield 

ITALIAN 10 YR BOND YIELD 4.328 UP 6   points in basis points yield ./ THE ECB IS QE ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: RISES TO +2.308% UP 5 BASIS PTS 

END

IMPORTANT CURRENCY CLOSES FOR THURSDAY  

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

Euro/USA 1.0519 DOWN 0.0097  or 87 basis points//

USA/Japan: 133.53 UP 1.284 OR YEN DOWN 76  basis points/

Great Britain/USA 1.1904 DOWN .01530 OR  153 BASIS POINTS //

Canadian dollar  DOWN .0096 OR 96 BASIS pts  to 1.3581

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The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED ..(UP) AT 6.8818

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)…. 6.8892

TURKISH LIRA:  18.77  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.410

Your closing 10 yr US bond yield UP 1 IN basis points from WEDNESDAY at  3.722% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield   3.794DOWN 3 in basis points 

Your closing USA dollar index, 104.94 UP 92  BASIS PTS   ON THE DAY/1.00 PM/

Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates  THURSDAY: 12:00 PM

London: CLOSED UP 48.26 PTS OR  0.64%

German Dax :  CLOSED DOWN 54.47  POINTS OR 0.38%

Paris CAC CLOSED DOWN 14.93  PTS OR 0.22% 

Spain IBEX CLOSED

Italian MIB: CLOSED DOWN 27.86PTS OR  0.11%

WTI Oil price 74.29   12: EST

Brent Oil:  78.88  12:00 EST

USA /RUSSIAN ///   UP TO:  72.18/ ROUBLE DOWN 0 AND 18/100       RUBLES/DOLLAR

GERMAN 10 YR BOND YIELD; +2.3085

UK 10 YR YIELD: 3.5740  UP 6 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0526  DOWN .0082    OR 82 BASIS POINTS

British Pound: 1.1909 DOWN   .014708  or  147 basis pts

BRITISH 10 YR GILT BOND YIELD:  3.574% UP 4 BASIS PTS

USA dollar vs Japanese Yen: 133,36    UP 1.111/YEN DOWN 111 BASIS PTS//

USA dollar vs Canadian dollar: 1.3578 UP .0092 (CDN dollar, DOWN 92 basis pts)

West Texas intermediate oil: 73.77

Brent OIL:  78.75

USA 10 yr bond yield UP 1 BASIS pts to 3.718%

USA 30 yr bond yield DOWN 3  BASIS PTS to 3.792%

USA dollar index:104.90 UP 88  BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 18.77

USA DOLLAR VS RUSSIA//// ROUBLE:  72.18  DOWN 0 AND  18/100 roubles

DOW JONES INDUSTRIAL AVERAGE: DOWN 339.69 PTS OR 1.02% 

NASDAQ 100 DOWN 173.58 PTS OR 1.59%

VOLATILITY INDEX: 22.60 UP 0.59 PTS (2.68)%

GLD: $171,03 DOWN 2.13 OR 1.23%

SLV/ $21.39 DOWN $0.50 OR 2.28%

end)

USA trading day in Graph Form

Stocks & Bonds Dump On ‘Good’ Jobs News, Rate-Hike Odds Jump

THURSDAY, JAN 05, 2023 – 04:00 PM

Futures chopped sideways to higher overnight then a triple whammy of better than expected labor market data (Challenger layoffs, ADP, and claims) sent stocks and bonds reeling as market expectations for The Fed’s rate-trajectory shifted hawkishly…

Terminal rate expectations are rising…

Source: Bloomberg

Expectations for rate-cuts in H2 2023 are fading…

Source: Bloomberg

Stocks bounced briefly on unusually dovish-sounding comments from The Fed’s Jim Bullard who noted “2023 may be a deflationary year… with rates close to restrictive.” And then later in the day, Bullard went hawkish again, saying that “a strong job market means it’s a good time to fight inflation.”

Bullard is right, the labor market is dramatically decoupled (positively) from tightening financial conditions…

Source: Bloomberg

And that all dragged stocks lower overall with Nasdaq leading the way…

Bed, Bath, & Beyond was battered to 30 year lows on ‘going concern’ fears…

Source: Bloomberg

Silvergate Capital was slaughtered on outflows…

Source: Bloomberg

The short-end of the yield curve was smashed higher in yield today as the long-end was modestly lower in yield (2Y +9bps, 30Y -1bp). On the week, 2Y Yields are higher while the rest of the curve is lower…

Source: Bloomberg

All of which means the yield curve has flattened (deeper into inversion) this week

Source: Bloomberg

The dollar rallied up to one-week highs today (helped by EUR weakness overnight)…

Source: Bloomberg

Bitcoin chopped around relatively flat on the day…

Source: Bloomberg

Oil prices ended higher after some notable intraday volatility…

Dollar strength also weighed on gold, but the precious metal found support at $1830…

Finally, we note that overnight saw a landmark event in recent financial history…

Source: Bloomberg

Fore the first time since 2014, there are no negative-yielding bonds globally.

END

EARLY MORNING TRADING//

The news of a garbage report of  a stronger economy sends gold, stocks and bonds into the dumpster

(zerohedge)

Stocks, Bonds, Gold Dump As ‘Good’ Jobs Data Spike Rate-Hike Expectations

THURSDAY, JAN 05, 2023 – 09:08 AM

A double whammy of better than expected jobs data this morning (just ignore the massive layoffs at Amazon etc) has sparked a hawkish reaction in the market’s expectations of Fed actions with the terminal rate now back above 5% – at pre-December-CPI levels…

The dollar is rallying on the hawkish shift.

But… Stocks are dumping…