Jan 11 · by harveyorgan · in Uncategorized · Leave a comment·Edit

GOLD PRICE CLOSED: UP $1.20 at $1875,20

SILVER PRICE CLOSED: DOWN $0.17 to $23.37

Access prices: closes : 4: 15 PM

Gold ACCESS CLOSE 1876.55

Silver ACCESS CLOSE: 23.40

Bitcoin morning price:, 17,418 DOWN 36 DOLLARS

Bitcoin: afternoon price: $17,533 UP 73 dollars

Platinum price closing $1074.05 DOWN $7.10

Palladium price; closing 1781.05 UP $4.70

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: $2519.30 DOWN $2.50 CDN dollars per oz

BRITISH GOLD: 1544.86 UP 0.30 pounds per oz

EURO GOLD: 1744,83 DOWN 3.26 euros per oz

EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: JANUARY 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,871.600000000 USD
INTENT DATE: 01/10/2023 DELIVERY DATE: 01/12/2023
FIRM ORG FIRM NAME ISSUED STOPPED

118 C MACQUARIE FUT 7
435 H SCOTIA CAPITAL 19
657 C MORGAN STANLEY 69
661 C JP MORGAN 27
737 C ADVANTAGE 4 14
880 H CITIGROUP 73
905 C ADM 30 1

TOTAL: 122 122
MONTH TO DATE: 880

TOTAL: 15 15

JPM received 27/122 contracts (stopped)

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GOLD: NUMBER OF NOTICES FILED FOR JAN/2023. CONTRACT: 122 NOTICES FOR 12,200 OZ or 0.3794 TONNES

total notices so far: 880 contracts for 88000 oz (2.7370 tonnes)

SILVER NOTICES: 0 NOTICE(S) FILED FOR nil OZ/

total number of notices filed so far this month 816 for 4,080,000 oz

END

GLD

WITH GOLD UP $1.20

INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD//HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES FORM THE GLD//

INVENTORY RESTS AT 914.17 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 17 CENTS

AT THE SLV// :/HUGE CHANGES IN SILVER INVENTORY AT THE SLV//A WITHDRAWAL OF 950,000 OZ FROM THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 508.700 MILLION OZ (THIS IS ALSO A CRIME SCENE@!!!!

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A HUGE SIZED 2932 CONTRACTS TO 129,961 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.21 LOSS IN SILVER PRICING AT THE COMEX ON TUESDAY. FOR THE PAST WEEK, OUR BANKERS HAVE RETURNED TO BEING NET SHORT AND THUS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.21 AND WERE SUCCESSFUL IN KNOCKING SOME SPEC LONGS, AS WE HAD A VERY STRONG LOSS ON OUR TWO EXCHANGES OF 2706 CONTRACTS. AS WELL WE HAD A ZERO OZ OF AN EXCHANGE FOR RISK TRANSFER ( 0 CONTRACTS). WE HAVE FINISHED WITH OUR SPEC SHORTS AS THEY COVERED WITH THE RISE IN PRICE . WE HAVE NOW RETURNED TO OUR USUAL AND CUSTOMARY: BANKERS SHORT AND SPECS LONG SCENARIO.AND AS USUAL OUR SPECS GOT BEATEN UP AGAIN.

WE MUST HAVE HAD:
A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4,055. MILLION OZ FOLLOWED BY TODAY’S E.F.P’D. JUMP TO LONDON OF 5,000 OZ//NEW STANDING 4.170 MILLION OZ // V) HUGE SIZED COMEX OI LOSS/ SMALL EFP ISSUANCE/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL –76

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 7 days, total 3283 contracts: OR 16.415 MILLION OZ PER DAY. (469 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 16.415 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/// 16.415 MILLION OZ

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2932 WITH OUR $0.21 LOSS IN SILVER PRICING AT THE COMEX// TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE CONTRACTS: 150 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 E.F.P. JUMP OF 5,000 / //NEW STANDING DECREASES TO 4.170 MILLION OZ + EFR 2.5 MILLION = 6.670 MILLION OZ. .. WE HAVE A HUGE SIZED LOSS OF 2782 OI CONTRACTS ON THE TWO EXCHANGES FOR 13.91 MILLION OZ.. THE SILVER SHORTS HAVE BEEN HURT BADLY WITH SILVER’S RISE LATELY.

WE HAD 0 NOTICE(S) FILED TODAY FOR nil 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 GOOD SIZED 5167 CONTRACTS TO 481,519 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 512 CONTRACTS.

THE GOOD SIZED INCREASE IN COMEX OI (5167 CONTRACTS) CAME WITH OUR $1.00 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 91 CONTRACTS OR 9100 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 2.7402 TONNES

YET ALL OF..THIS HAPPENED WITH OUR HUGE $1.00 GAIN IN PRICE WITH RESPECT TO TUESDAY’S TRADING

WE HAD A STRONG SIZED GAIN OF 7377 OI CONTRACTS (22.94 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2210 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 481,519

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7377 CONTRACTS WITH 5167 CONTRACTS INCREASED AT THE COMEX AND 2210 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 377 CONTRACTS OR 22.94 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2210 CONTRACTS) ACCOMPANYING THE STRONG SIZED GAIN IN COMEX OI (5167) TOTAL GAIN IN THE TWO EXCHANGES 7377 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR NORMAL FORMAT OF BANKERS GOING SHORT AND SPECULATORS GOING LONG ,2.) SMALL INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 2.1710 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 9100 OZ /NEW STANDING 2.7402 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 :

18,547 CONTRACTS OR 1,854,700 OZ OR 57.689 TONNES 7 TRADING DAY(S) AND THUS AVERAGING: 2649 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 7 TRADING DAY(S) IN TONNES:57.689 TONNES

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

THUS EFP TRANSFERS REPRESENTS 57.689/3550 x 100% TONNES 1,63% 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: 57.689 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, FELL BY A HUGE SIZED 2932 CONTRACTS OI TO 129,961 AND FURTHER FROM 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 150 CONTRACTS

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

MAR 150 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 150 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 2932 CONTRACTS AND ADD TO THE 150 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE LOSS OF 2782 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 13.910 MILLION OZ//

OCCURRED DESPITE OUR 21 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)WEDNESDAY MORNING//TUESDAY NIGHT

SHANGHAI CLOSED DOWN 7.67 PTS OR0.24% //Hang Seng CLOSED UP 104/59 PTS OR 0.49% /The Nikkei closed UP 270.44 PTS OR 1.02% //Australia’s all ordinaries CLOSED UP 0.95% /Chinese yuan (ONSHORE) closed UP TO 6.7738//OFFSHORE CHINESE YUAN UP TO 6.7868// /Oil UP TO 75.47 dollars per barrel for WTI and BRENT AT 80.57 / Stocks in Europe OPENED ALL RED 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 GOOD SIZED 5167 CONTRACTS UP TO 481,519 WITH OUR GAIN IN PRICE OF $1.00

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 2210 EFP CONTRACTS WERE ISSUED: ;: , . 0 FEB: 2210 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2210 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 7377 CONTRACTS IN THAT 2210 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A GOOD SIZED COMEX OI GAIN OF 5167 CONTRACTS..AND THIS STRONG SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $1.00. WE ARE NOW WITNESSING THE BANKERS GOING NET SHORT AND THE SPECS GOING NET LONG AS THEIR FOLLY INTO SHORTING HAS ENDED.

// WE HAVE A SMALL AMOUNT OF GOLD TONNAGE STANDING Jan (2.7402)

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: 2.7402 tonnes

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE $1.00) //// AND WERE UNSUCCESSFUL IN KNOCKING ANY SPECULATOR LONGS AS WE HAD A STRONG GAIN OF 7377 CONTRACTS ON OUR TWO EXCHANGES // WE HAVE GAINED A TOTAL OI OF 24.558 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 9100 oz OR .2830 TONNES…THIS WAS ACCOMPLISHED WITH OUR RISE IN PRICE TO THE TUNE OF $1.00.

WE HAD – 512 CONTRACTS COMEX TRADES REMOVED FROM OPEN INTEREST AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 14,876 CONTRACTS OR 1,487,600 OZ OR 46.277 TONNES

Estimated gold comex today 273,023// fair//

final gold volumes/yesterday 224,716/ fair

INITIAL STANDINGS FOR JAN 2023 COMEX GOLD //JAN 11//

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	nil oz .
Deposit to the Dealer* Inventory in oz*	nil oz
Deposits to the Customer* Inventory, in oz*	nil oz
No of oz served (contracts) today	122 notice(s) 12200 OZ 0.3794 TONNES
No of oz to be served (notices)	17 contracts 1700 oz 0.0528 TONNES
Total monthly oz gold served (contracts) so far this month	880 notices 88000 2.7370 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: 0

Total withdrawals: nil oz

total in tonnes: 0.0 tonnes

Adjustments:0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 139 contracts having GAINED 76 contracts

We had 15 notices served on Tuesday, so we gained 91 contracts or an additional 9100 oz will stand for delivery in this

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

February lost 18,118 contacts to 322,765

March gained 142 contracts to stand at 690.

April gained 21,360 contracts up to 117,566.

We had 122 notice(s) filed today for 12200 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 122 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 27 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 (880 x 100 oz , to which we add the difference between the open interest for the front month of (JAN. 139 CONTRACTS) minus the number of notices served upon today 122 x 100 oz per contract equals 88,100 OZ OR 2.7402 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 (880 x 100 oz+ (139 OI for the front month minus the number of notices served upon today (122} x 100 oz} which equals 88,100 oz standing OR 2.7402 TONNES in this NON active delivery month of JAN..

TOTAL COMEX GOLD STANDING: 2.7402 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: 1,970,762.034 OZ 61.298 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED: 22,996,504.987 OZ

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

TOTAL OF ALL ELIGIBLE GOLD: 11,825,007.741 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 9,200,735 OZ (REG GOLD- PLEDGED GOLD) 286,18 tonnes//rapidly declining

END

SILVER/COMEX

JAN 11/2023//INITIAL JAN. SILVER CONTRACT

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,287,830.197 oz CNT Brinks Int. Delaware
Deposits to the Dealer* Inventory*	nil OZ
Deposits to the Customer Inventory	602,076.738 oz HSBC
No of oz served today (contracts)	0 CONTRACT(S) (nil OZ)
No of oz to be served (notices)	18 contracts (90,000 oz)
Total monthly oz silver served (contracts)	816 contracts (4,080,000 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) HSBC: 602,076.738

Total deposits: 602,076.738 oz

JPMorgan has a total silver weight: 152.578 million oz/298.154 million =51.170% of comex .//dropping fast

Comex withdrawals: 3

i) Out of CNT: 602,067.271 oz

ii) Out of Brinks 592,356.810 oz

iii) Out of Int. Delaware 93,415.110 oz

Total withdrawals; 1,287,830.191 oz

adjustments: 0

total adjustment dealer to customer: 0

the silver comex is in stress!

TOTAL REGISTERED SILVER: 33.195 MILLION OZ (declining rapidly).TOTAL REG + ELIG. 298.154 MILLION OZ

CALCULATION OF SILVER OZ STANDING FOR DEC

silver open interest data:

FRONT MONTH OF JAN/2023 OI: 18 CONTRACTS HAVING LOST 2 CONTRACT(S.). WE HAD 1 NOTICE

FILED ON TUESDAY SO WE LOST 1 CONTRACT(S) OR 5,000 OZ WERE E.F.P.’d TO LONDON BY THE BANKERS TO OBTAIN SOME SILVER OVER THERE.

FEB> GAINED 13 CONTRACTS TO 231 CONTRACTS

March LOST 3319 CONTRACTS UP TO 110,737 contracts

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1 for 5,000 oz

Comex volumes// est. volume today 43,672//fair

Comex volume: confirmed yesterday: 51,600 contracts ( 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 816 x 5,000 oz = 4,080,000 oz

to which we add the difference between the open interest for the front month of JAN(18) and the number of notices served upon today 0 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN./2023 contract month: 816 (notices served so far) x 5000 oz + OI for the front month of JAN (18 – number of notices served upon today (0) x 500 oz of silver standing for the JAN. contract month equates 4.170 million oz + 2.5 MILLION OZ OF EXCHANGE FOR RISK

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:57,337// est. volume today// good

Comex volume: confirmed yesterday: 45,745 contracts ( fair)

END

GLD AND SLV INVENTORY LEVELS

JAN 11/WITH GOLD UP $1.20 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES FORM THE GLD////INVENTORY RESTS AT 914.17 TONNES

JAN 10/WITH GOLD UP $1.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS AT 915.33 TONNES

JAN 9/WITH GOLD UP $ 8.60 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.44 TONNES FROM THE GLD//.//INVENTORY RESTS AT 915.33 TONNES

JAN 6/WITH GOLD UP $28.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 916.77 TONNES

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: 914,17 TONNES

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

JAN 11/WITH SILVER DOWN 17 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 950,000 OZ FROM THE SLV////INVENTORY RESTS AT 508.700 MILLION OZ

JAN 10/WITH SILVER DOWN 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.65 MILLION OZ

JAN 9/WITH SILVER DOWN 9 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.65 MILLION OZ//

JAN 6/WITH SILVER UP 54 CENTS TODAY;BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.20 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 509.65 MILLION OZ//

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 508.700 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//

First Quantum threatens to shut vast Panama copper mine over tax dispute

Submitted by admin on Tue, 2023-01-10 10:32Section: Daily Dispatches

By Harry Dempsey and Michael Stott
Financial Times, London
Tuesday, January 10, 2023

First Quantum Minerals has threatened to close its vast copper mine in Panama if it fails to resolve a tax dispute that it says risks damaging the country’s business-friendly reputation.

Panama has demanded that the Canadian group pay corporate tax of at least $375 million a year along with a profit-based mineral royalty of 12-16%, a steep rise on the $61 million FQM paid to Panama on a project that raked in $1.4 billion of gross profit in 2021.

The Canadian group’s chief executive Tristan Pascall said it would put its flagship project, responsible for 1.4% of global copper supply, into “care and maintenance” if the country did not offer certain legal protections.

“Regrettably we would be compelled to follow that directive if the terms cannot be resolved on a reasonable basis,” he told the Financial Times. …

… For the remainder of the report:

https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2F824f7c46-8c16-48de-955e-3bd916c097a7

END

(GATA) Ronan Manly: China’s gold purchase announcements have strategic purpose

2p ET Wednesday, January 11, 2023

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly writes today that China’s announcements of gold purchases are made strategically, to remind the world that China is a big power in the currency markets, and that while many months may pass without such announcements, China is probably acquiring gold steadily anyway in pursuit of a plan to hold the world’s largest gold reserve.

Indeed, Manly adds, China already may be nearing that point.

His analysis is headlined “Chinese Central Bank Kicks off New Round of Gold Accumulation” and it’s posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/chinese- central-bank-kicks-off-new-round-of-gold-accumulation/

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

end

With Musk’s support and ETFs doubtful, silver is explosive, GATA chairman says

Submitted by admin on Tue, 2023-01-10 22:02Section: Daily Dispatches

10p ET Tuesday, January 10, 2023

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by GoldSeek Radio’s Chris Waltzek, remarks that silver as an investment is even more explosive now that multi-billionaire Elon Musk is promoting the monetary metal, especially as the major silver exchange-traded funds are falling under suspicion. The interview is 13 minutes long and can be heard at GoldSeek’s companion site, SilverSeek, here:

https://silverseek.com/article/goldseek-radio-nugget-bill-murphy-silver-essential-commodity-will-only-be-available

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

end

4. Other gold/silver commentaries

5. Commodity commentaries

Saudi Arabia Looks To Invest In Mining Assets To Secure Critical Minerals

WEDNESDAY, JAN 11, 2023 – 02:05 PM

Authored by Tsvetana Paraskova via OilPrice.com,

Saudi Arabian Mining Company (Ma’aden) has signed an agreement with the Saudi sovereign wealth fund, the Public Investment Fund, to set up a joint company that will invest in mining assets abroad to secure strategic minerals.

Under the joint venture agreement, Ma’aden will own 51% of the new company, while the Public Investment Fund (PIF) will own the remaining 49%, Ma’aden said in a statement on Wednesday.

The joint company plans to initially invest in the iron ore, copper, nickel, and lithium sectors as a non-operating partner taking minority equity positions, Ma’aden said.

“This will provide physical offtake of critical minerals to ensure supply security for domestic minerals downstream sectors and positioning Saudi Arabia as a key partner in global supply-chain resilience,” the company noted.

Separately, Ma’aden announced an agreement to buy 9.9% in U.S.-based technology firm Ivanhoe Electric Inc for $126.4 million and form with Ivanhoe Electric, a Saudi-based joint venture company, to explore and develop mining projects in Saudi Arabia.

According to Ma’aden’s statement, Ivanhoe Electric “applies a suite of technological solutions to dramatically increase the quality and efficiency of metals-focused exploration campaigns, which aligns with Ma’aden’s strategy to gain leverage of commodities with long-term growth potential.”

In October 2021, the top executive of the state miner of the world’s top oil exporter said that the company plans “huge” investments in exploring for lithium and nickel in Saudi Arabia over the next two decades.

“In the next 10 to 20 years we are going to spend huge amount of money looking for those metals in Saudi Arabia,” Maaden’s chief executive officer Abdulaziz Al Harbi told Bloomberg at the time, asked about the key battery metals lithium and nickel.

The world’s largest oil exporter is thus betting on critical battery metals, whose demand is set to grow exponentially in the energy transition.

END

6/CRYPTOCURRENCIES/BITCOIN ETC

FTX Boss SBF Aided Biden’s CIA Agenda For Weapons To Ukraine – Part 4

If you want to understand FTX and the scandal or criminal plot associated, have a read. Because this is on the same scale as the Iran-Contra scandal if not more. Fast and Furious was another scandal gun running.
And what we see in human deaths in the Ukrainian today is the fallout. And we have yet to see the truth about the bio labs so far covered up that lead to top of corrupt leadership.

https://rense.com/general97/ftx-crypto-pt4.php

END

.

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

ONSHORE YUAN: UP TO 6.7838

OFFSHORE YUAN: 6.7868

SHANGHAI CLOSED DOWN 7.67 PTS OR 0.24%

HANG SANG CLOSED UP 104.59 PTS 0.49%

2. Nikkei closed UP 270.44 PTS OR 1.02%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX UP TO 103,18 Euro FALLS TO 1.0732 DOWN 7 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +.500!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 132.67/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 UP /JAPANESE Yen DOWN CHINESE YUAN: UP-// OFF- SHORE: UP

3f Japan is to buy INFINITE 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 UP for WTI and UP FOR Brent this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund DOWN TO +2.2214%***/Italian 10 Yr bond yield FALLS to 4.077%*** /SPAIN 10 YR BOND YIELD FALLS TO 3.232…** DANGEROUS//

3i Greek 10 year bond yield FALLS TO 4.216//

3j Gold at $1877.40//silver at: 23.79 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble UP 1 AND 17/100 roubles/dollar; ROUBLE AT 68.62//

3m oil into the 75 dollar handle for WTI and 80 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 132.21

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.9268– as the Swiss Franc is still rising against most currencies. Euro vs SF 0.9940 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: 3.578% DOWN 4 BASIS PTS…GETTING DANGEROUS

USA 30 YR BOND YIELD: 3.706% DOWN 5 BASIS PTS//

USA DOLLAR VS TURKISH LIRA: 18,78…

GREAT BRITAIN/10 YEAR YIELD: 3.4715 % DOWN 9 BASIS PTS

end

i.b Overnight: Newsquawk and Zero hedge:

FIRST, ZEROHEDGE (PRE USA OPENING// MORNING

Futures Rise Ahead Of Inflation Data As China Reopening Lifts Sentiment Again

WEDNESDAY, JAN 11, 2023 – 08:04 AM

US equity futures were set to rise for a second day as upbeat sentiment ahead of tomorrow’s key CPI print – which JPM gives 85% odds of pushing stocks at least 1.5% higher – lifted global markets despite a freak outage of key FAA advisory system this morning led to a nationwide ground halt for all domestic flights (until at least 9am) pre. Contracts on the S&P 500 and Nasdaq 100 ticked up 0.1% as of 7:15am ET while Europe’s Stoxx 600 Index rose 0.8%. The FTSE 100 climbed within striking distance of a record high; Asian equities were supported by China lifting Covid restrictions. Among the top corporate news, Credit Suisse weighs cutting by half the bonus pool for 2022 after a turbulent year and Apple plans to start using its own custom displays in mobile devices as early as next year. Treasury yields dropped and the dollar gained for the second day in a row.

Among US premarket movers, airline stocks slipped in New York premarket as the failure of a key pilot notification system operated by the Federal Aviation Administration disrupted air travel. American Airlines Group Inc. fell 1.1% and United Airlines Holdings Inc. was down 0.6%. Delta Air Lines Inc. fell 0.8% as the FAA ordered a ground halt of all flights until at least 9am. Bed Bath & Beyond surged again and were on course for a third day of gains. World Wrestling Entertainment rose as much as 5.3%, extending a rally sparked by speculation that the company may sell itself. Chairwoman and co-CEO Stephanie McMahon announced she’s resigning from the company. Here are some other notable premarket movers:

US biotech Prokidney surges 34% after early data from a mid-stage trial of its cell therapy for chronic kidney disease. Jefferies said the treatment has multi-billion dollar potential.
CarMax falls 4.8% after JPMorgan cut its recommendation on the used-car retailer to underweight from neutral, citing unfavorable risk-reward following recent outperformance.
JinkoSolar Holding ADRs rise 1.9% after Roth Capital upgrades the solar panel maker to buy, saying US policy improvements point to a stronger outlook.
Levi Strauss drops 1.5% as Citi downgrades to neutral from buy to reflect what it describes as a challenging US backdrop in the near to medium term.
Keep an eye on PTC and Autodesk as Berenberg begins coverage of both US design software companies with buy ratings, and initiates AspenTech at hold, saying all three have the potential to continue outperforming the industry in terms of growth.
Data and analytics providers could be in focus as Redburn says they will have a significant opportunity to capitalize on growing and increasingly complex risk factors in financial markets. The broker has buy ratings on MSCI (MSCI US), S&P (SPGI US) and London Stock Exchange (LSEG LN), though initiates Verisk (VRSK US) at sell and cuts Morningstar (MORN US) to neutral.

The gains of US stocks since the start of 2023 has surprised many (very bearish) strategists who believe that much of the advance is conditional on inflation easing, which would allow the Federal Reserve to slow the pace of rate hikes. And while hawkish comments on Monday by San Francisco and Atlanta Fed presidents put a chill on the rally, a lack of subsequent reinforcement by Chair Powell led to a sharp rally on Tuesday. The next test for the market comes on Thursday with the US inflation report which will determine if the Fed hikes by 25bps or 50bps on Feb 1, and it’s widely believed that a lower-than-expected reading would trigger further gains. Investors are also closely watching technical levels as the S&P 500 Index nears its 200-day moving average.

“Tomorrow’s CPI event risk could be a decider where the S&P 500 can either break above its 200-day moving average, the 4,000 level and the downtrend line, or we head back to 3800,” says Gurmit Kapoor, a cross-asset sales trader at Aurel BGC.

While Powell didn’t directly comment on the Fed’s next steps at a forum in Stockholm, he did say that “restoring price stability when inflation is high can require measures that are not popular in the short term as we raise rates to slow the economy.”

Fed Governor Michelle Bowman said the central bank has more work to do to curb inflation, noting that further tightening is needed.

“We do expect an inflection in central bank policy later on this year,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “More risk-tolerant investors can look to anticipate this turn by phasing into markets, seeking early winners from a global improvement in sentiment, and identifying beneficiaries from China’s reopening. “However, we don’t believe we have yet reached the inflection point in policy or economic growth, and as we enter 2023 we continue to favor a defensive tilt when adding exposure in both equity and fixed-income markets,” he said.

“The prospect of a less cloudy economic outlook in both Europe and the US after recession risks in both regions eased back, combined with the reopening of the Chinese economy, is providing strong support toward risk appetite from investors,” said Pierre Veyret, a technical analyst at ActivTrades. “The lack of clear hints from Fed Chairman Jerome Powell yesterday also contributed to keeping the bullish trading stance alive, and most traders will now look toward tomorrow’s US inflation print for further clues.”

In Europe, real-estate and mining stocks led a 0.4% gain in the Stoxx Europe 600 Index amid subsiding inflation worries. Miners were boosted by optimism China’s economic reopening will spur demand for metals. Among the top corporate news, Credit Suisse weighs cutting by half the bonus pool for 2022 after a turbulent year. Here are some of the biggest European movers on Wednesday:

Vestas shares jump as much as 5.6%, the most in a month, after being raised to buy at Jefferies, which says an inflection point has been reached for wind-turbine manufacturers
JD Sports shares jump as much as 6.5%, reaching April highs, after the sports retailer said it sees headline pre-tax profit toward the top end of current market expectations
TeamViewer shares gain as much as 7.3% after the software company reported preliminary 4Q billings. RBC says the firm posted “a surprisingly stronger- than-expected finish to the year”
Corbion rises as much as 11%, reaching an almost 11-month high, after Barclays upgrades to overweight in note on “renewed conviction” following the Dutch ingredients maker’s CMD
Bang & Olufsen rises as much as 4.5% on better-than-expected 2Q results. Nordnet says “B&O does what it can and maybe even a little more” despite a challenging environment
Grafton shares rise as much as 4.7% after it predicted its profit will be at the top end of analysts’ forecasts. Investec expects 2022 underlying consensus profit to edge up
Direct Line shares slump 30%, pulling peers down with it, after saying it no longer expects to pay a final dividend; news that is likely to be a “major shock” to the market, Jefferies says
Adyen declines as much as 3.4% after BofA cuts the stock to neutral, saying risks of further slowdown in e-commerce sales and margin compressions are not properly accounted for
Maersk shares fall as much as 4.1%, the most since November, after Goldman Sachs cut its recommendation to sell, anticipating a “great unwind” in air and sea freight markets
Eurofins Scientific declines as much as 4.9% and is among the worst performers on France’s SBF 120 index after two brokers cut their recommendations for the French laboratory group

Earlier in the session, Asia’s equity benchmark resumed its advance, led by gains in key regional markets including Japan, South Korea and Hong Kong. The MSCI Asia Pacific Index climbed as much as 0.9% to the highest level in almost five months before paring about half of its gain. Tencent and Alibaba were the top contributors, with tech and communication services among the major sectoral boosters.

“A lot of traders and investors see the US being closer to peak inflation — if we have not already passed that point. Then that as a corollary also indicates an end to global central bank rate hike cycles,” said Justin Tang, head of Asian research at United First Partners. Though Chinese shares dropped on Wednesday, with liquor giant Kweichow Moutai among the decliners, investor sentiment remains bullish amid further signs of fading regulatory risks in the tech sector as well as more support coming for property developers. The dramatic recovery in Chinese equities, with a gauge of mainland companies listed in Hong Kong up more than 40% in about two months, helped the broad Asian benchmark enter a bull market this week. The key gauge is outperforming US peers so far in 2023 boosted by optimism over China’s reopening and a weakening dollar.

“In general the Chinese markets have been a pretty tough place to invest for almost five years now. So that recovery we’ve seen from below, there’s still a lot of value, support in the marketplace,” David Perrett, co-head of Asian equities at M&G Investment Management, said in an interview with Bloomberg TV

In FX, the Bloomberg dollar gauge rose, after hovering near a seven-month low and the greenback was mixed against its Group-of-10 peers, though most currencies traded in relatively narrow ranges. The euro traded in a narrow $1.0726-1.0757 range

The Australian dollar led G-10 gains after solid inflation and retail sales prints for November reinforced expectations for a quarter-percentage-point interest rate hike at the Reserve Bank’s first meeting of the year next month. CPI advanced 7.4% seasonally adjusted from a year earlier, up from 6.9% in October and exceeding economists’ median estimate. Core prices, or the trimmed-mean gauge, climbed to 5.6% in November compared with a forecast 5.5%. Retail sales beat most estimates.
The yen was sandwiched between large options expiring on Wednesday. Japan’s 30-year bonds gained after an auction of this tenor met resilient demand and the central bank announced unscheduled debt purchases.
The Egyptian pound plunged 5% against the US dollar on Wednesday, after the International Monetary Fund said authorities were showing commitment to a flexible exchange rate.

In rates, treasury yields trimmed their advance from the previous session as yields shed up to 6bps as the curve bull-flattened and with the rate on 10-year debt slipping to below 3.58% as investors remained focused on the price outlook for the US. UK spreads flatter, leading core European rates higher with 2s10s, 5s30s tighter by 5.5bp and 2.5bp on the day; Bunds also bull-flattened and outperformed Treasuries as money markets eased ECB tightening bets before a German 10-year bond sale. Focus is also on scheduled ECB speeches. Japan’s 30-year bonds gained after an auction of this tenor met resilient demand and the central bank announced unscheduled debt purchases.

In commodities, oil reversed an earlier decline as traders weighed the outlook for stronger Chinese demand against a reported build in US crude stockpiles. Optimism over demand from China was evident in the iron ore market, with the steel-making ingredient rallying above $120 a ton in Singapore. Copper rose above $9,000 a ton for the first time since June, fueled by hopes of increased consumption by the world’s top user of the metal.

Looking to the day ahead now, it’s a quiet day and data releases include US Mortgage applications. Otherwise, central bank speakers include the ECB’s Holzmann, Villeroy and De Cos.

Market Snapshot

S&P 500 futures up 0.2% to 3,948.50
MXAP up 0.5% to 162.36
MXAPJ up 0.3% to 535.96
Nikkei up 1.0% to 26,446.00
Topix up 1.1% to 1,901.25
Hang Seng Index up 0.5% to 21,436.05
Shanghai Composite down 0.2% to 3,161.84
Sensex little changed at 60,124.03
Australia S&P/ASX 200 up 0.9% to 7,195.34
Kospi up 0.3% to 2,359.53
STOXX Europe 600 up 0.5% to 448.06
German 10Y yield little changed at 2.25%
Euro up 0.1% to $1.0746
Brent Futures up 0.8% to $80.75/bbl
Brent Futures up 0.8% to $80.76/bbl
Gold spot up 0.5% to $1,885.60
U.S. Dollar Index little changed at 103.25

Top Overnight News from Bloomberg

The collective hive mind of Wall Street is backing a view that the euro rally is just getting started. With energy prices tumbling and calls for a region-wide recession falling to the wayside, a clear narrative is emerging that the worst of the economic damage is over and European assets are cheap
In Germany, Italy and Spain — three of the currency bloc’s top four economies — anxiety at inflation over the next year is close to or below the average since the euro was introduced in 1999, European Commission data show
Only a slowdown in core inflation can alter the ECB’s resolve to raise interest rates, according to Governing Council member Robert Holzmann
The ECB needs to be pragmatic as it raises interest rates in the coming months to get to a level by the summer that is sufficiently high to bring inflation back toward 2%, Governing Council member Francois Villeroy de Galhau said
The French economy continued to grow at the end of 2022 and should avoid a contraction in the first weeks of the year despite headwinds from surging energy prices, a Bank of France survey showed
China shouldn’t bail out the debt that local governments take off their balance sheets so as to discourage them from allowing hidden liabilities to snowball out of control, according to former Finance Minister Lou Jiwei
Japan’s Finance Ministry will likely issue sovereign bonds to fund decarbonization efforts from the latter half of fiscal year 2023 after assessing investor needs, Michio Saito, a senior official at the ministry, says in a TV Tokyo interview

A more detailed look at global markets courtesy of Newsquawk

Asia-Pac stocks initially tracked the advances on Wall Street after Fed Chair Powell refrained from any major policy rhetoric and as participants looked ahead to upcoming US CPI data with hopes of softening price growth. ASX 200 tested the 7,200 level to the upside with the index led by outperformance in the mining and materials sectors, while participants also digested better-than-expected Retail Sales and a pickup in monthly inflation metrics. Nikkei 225 gained as earnings trickled in with outperformance in Yaskawa Electric after growth in its top and bottom lines, while there was encouragement from news that Fast Retailing will boost wages by as much as 40%. Hang Seng and Shanghai Comp were firmer for a bulk of the session after the PBoC pledged support measures including for the property sector and boosted its short-term liquidity efforts ahead of next week’s Lunar New Year celebrations, although gains were capped in the mainland after the recent mixed loans and aggregate financing data.

Top Asian News

PBoC injected CNY 65bln via 7-day reverse repos with the rate kept at 2.00% and it injected CNY 22bln via 14-day reverse repos with the rate kept at 2.15% for a CNY 71bln net daily injection.
Analysts noted there is room for China to cut RRR and interest rates this year, while analysts also see room for a rate cut in the property sector, according to China Securities Journal.
BoJ offered to buy JPY 100bln in 1-3yr JGBs, JPY 100bln in 3-5yr JGBs, JPY 300bln in 5yr-10yr JGBs, JPY 200bln in 10yr-25yr JGBs and JPY 50bln in 25yr+ JGBs, while it also offered to buy an unlimited amount of JGBs at a fixed rate with maturities of 1yr-3yr and 3yr-5yr in an unscheduled announcement.
Stocks Climb Amid Optimism Over Inflation, China: Markets Wrap
Egypt Pound Plunges 5% in Test of Shift to Currency Flexibility
Russia to Restart FX Operations in Yuan Under Fiscal Rule
Philippine Finance Chief Sees Rate Hike Cycle Nearing End

European bourses are firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains. Sectors are primarily in the green, though Insurance names are pressured in sympathy with Direct Line while Retail-related stocks are supported after updates from the likes of JD Sports. US futures posting marginal gains, ES +0.2%, with the US docket particularly thin ex-supply ahead of Thursday’s CPI. US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar with the situation, cited by NBC Washington reporter.

Top European News

ECB’s Villeroy says they will need to be pragmatic on speed of hikes, will have to raise rates more in the coming months. Should aim to reach the terminal rate by the summer. Domestic inflation is likely to peak in H1, will avoid hard landing scenario.
ECB’s Holzmann says rates will need to rise significantly further to reach levels that are sufficiently restrictive to ensure a timely return of inflation to target. Inflation is expected to subside but risks remain to the upside. There are no signs of de-anchored market expectations.
Activist Coast Capital Sells Vodafone Stake Within a Year
Russia to Sell Yuan From Wealth Fund as Oil Price Hits Budget
Ukraine Latest: Zelenskiy Says Russian War Won’t Turn to WWIII
Direct Line Shares Tumble as Insurer Cuts Dividend on Claims

DXY forms a foothold on 103.000 handle within a tight band post-Powell and pre-US CPI.
Aussie outperforms on perky inflation metrics, strong retail sales data and gains in iron ore prices, AUD/USD holds near 0.6900 and AUD/NZD rebounds from around 1.0800 to top 1.0850.
Euro retains grasp of 1.0700 handle, but Sterling sags around 1.2150 axis and Yen weakens after closing below a Fib to circa 132.75 and away from decent option expiries at 132.50.
PBoC set USD/CNY mid-point at 6.7756 vs exp. 6.7776 (prev. 6.7611)

Fixed Income

Core benchmarks continued to gain momentum throughout the morning with little clear sign of concession pre-supply and perhaps deriving some support from ECB remarks.
However, the rally has run out of steam with a sub-par German outing aiding the pullback, with Bunds and Gilts now sub 137.00 and 103.00 respectively.
Stateside, USTs have been following suit and it remains to be seen if the looming 10yr supply will influence broader action, an auction which follows Tuesday’s strong 3yr.
UK DMO is to launch a new conventional Gilt maturing October 2053 in the week commencing January 23rd.

Commodities

WTI and Brent have experienced a firmer start to the mid-week session, with the benchmarks posting upside of around USD 0.30/bbl within relatively narrow ranges that keeps the complex within WTD and recent parameters
US and allies are reportedly preparing the next round of sanctions on Russian oil, via WSJ; intending to cap the sales price of Russian exports of refined petroleum products.
Russian Kremlin, on possible losses from oil price caps, says there have been hardly any cases of the caps yet.
Chinese Commerce Ministry will continue to impose anti-subsidy tariffs on dried distillers grains with solubles (DDGS) imported from the US.
Standout mover has been LME Copper which eclipsed the USD 9k mark in an extension of yesterday’s price action after fairly contained/rangebound APAC trade for base metals.
Spot gold is modestly firmer and resides towards the top-end of a USD 1872-1886/oz range, which is a fresh multi-month high leaving the figure itself as resistance before the May 2022 USD 1909/oz peak.

Geopolitics

Russia’s ambassador to the US commented that the US training of Ukrainian troops on Patriot systems confirms Washington’s de facto participation in the conflict and that the US administration’s goal is to inflict the most damage on Russia on the battlefield by the hands of Ukrainians, according to Reuters.
Russian Kremlin says there is a positive dynamic in the military situation around Ukrainian town of Soledar Putin is open to discussions on Ukraine.
Russian Rights Commissioner says important ceasefire proposals have been made during her meeting with Turkish and Ukrainian colleagues in Turkey, via Reuters.
Russia and Iran are working on a new shipping corridor to bypass sanctions and are looking to work with India, according to Nikkei. ]

US Event Calendar

07:00: Jan. MBA Mortgage Applications 1.2%, prior -10.3%

DB’s Jim Reid concludes the overnight wrap

Morning from Helsinki where snow is on the ground. This is the start of a whistle stop 4 countries in 2 days 2023 outlook tour. I’ve been coming here around this week every year for about the last 25, apart from the last 2 due to Covid. So it’s nice to have the old routine back. In the past I’ve landed in wild snow storms, seen the temperature hit -20c, seen piles and piles of snow, and yet everything always runs. Impressive! This year it’s all fairly calm with the temperature just above zero.

Markets have also been relatively quiet over the last 24 hours as we await tomorrow’s all important US CPI print. There was some speculation that remarks from Fed Chair Powell could inject some volatility into proceedings but overall markets turned steadily higher after his lack of commentary on the policy outlook at his panel in Stockholm.

Looking through the various moves yesterday, some of the biggest came from longer-dated core sovereign bond yields. For instance, yields on 10yr Treasuries were up +8.7bps to 3.619%, marking their biggest daily increase so far this year, and taking yields up to their highest level since the weak ISM services release last Friday. We have given back -3bps of that climb in Asia as I type. The rise yesterday though came as investors took out some of the dovish expectations for the Fed they’d been pricing over recent days, with the futures-implied rate for end-2023 up by +2.0bps on the day to 4.459%. Separately, we also heard from the Treasury Department that they were increasing the size of their T-bill auctions. It comes with many expecting that they’ll soon announce extraordinary measures in order to avoid exceeding the statutory cap imposed by the debt ceiling.

Sticking with the US Treasury Department, it was reported yesterday that Treasury Secretary Yellen has agreed to remain in her post after having been asked to by President Biden last month. This is a confirmation of Secretary Yellen’s own professed wished from back in November when she said she intended to stay through the entirety of Biden’s first term. This means at least one part of the upcoming debt ceiling negotiations will have some stability. Bloomberg reported that the Biden administration was preparing to turnover some cabinet-level positions now that the midterms are over.

Over in Europe it was a similar story, with yields on 10yr bunds (+8.0bps) seeing the largest increase on the day, along with smaller increases for OATs (+7.0bps) and BTPs (+3.6bps). And as in the US, the moves occurred with investors taking out some of the dovishness priced for the ECB, which got further support after the ECB’s Schnabel said that “interest rates will still have to rise significantly” and that “inflation will not subside by itself”.

When it comes to the Fed, we did hear from Chair Powell yesterday, but despite the anticipation he didn’t comment on the policy outlook. He was speaking on a panel on central bank independence, and stuck to that topic by defending the merits of an independent monetary policy. Interestingly, he acknowledged that “restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy.” Otherwise, he explicitly said that the Fed should “stick to our statutory goals and authorities”, and said that they would not be a “climate policymaker”. With little to go off from Powell, the focus will now turn to tomorrow’s US CPI release for December.

With Powell not taking a hawkish tone, equities drifted higher after Europe logged off. The S&P 500 ticked +0.70% higher, with both the NASDAQ (+1.01%) and the Dow Jones (+0.56%) also rising. The rally had a distinct risk-on tone with communications (+1.29%) and consumer discretionary (+1.26%) names outperforming while defensives like staples (-0.16%) and utilities (+0.04%) lagged. Having closed beforehand and catching up to the US reversal late Monday, European equities pulled back with the STOXX 600 down -0.59% on the day.

Asian markets are stronger this morning. As I type, the Nikkei (+1.02%) is leading gains followed by the Hang Seng (+1.01%), the KOSPI (+0.40%), the CSI (+0.22%) and the Shanghai Composite (+0.20%). Outside of Asia, stock futures in the US are fluctuating with contracts on the S&P 500 (+0.04%) just above flat while those on the NASDAQ 100 (-0.05%) are trading fractionally lower. Meanwhile, European futures tied to the DAX (+0.55%) are catching back up.

Early morning data showed that inflationary pressures are yet to ease in Australia as CPI advanced +7.3% y/y in November (v/s +7.2% expected), up from a surprise pullback to +6.9% in October. The latest inflation reading is at its highest level in 30 years with housing costs being the main contributor to the annual increase. Separately, retail sales rebounded +1.4% m/m in November, buoyed by consumer appetite for Black Friday sales despite rising interest rates and high inflation. Market expectations were for a +0.6% gain as against October’s upwardly revised +0.4% rise. The Australian dollar (+0.39%) nudged higher against the dollar, trading at $0.69 on the prospect of more interest rate hikes by the Reserve Bank of Australia (RBA).

In commodity news, copper prices are trading at the highest level since June inching towards $9,000 a ton as China’s exit from the Zero Covid policy enhanced the demand outlook of the commodity.

Elsewhere yesterday, the French government outlined a plan that would see the country’s retirement age rise to 64 by 2030, up from 62 at present. Moves to reform the pension system have long been an ambition of President Macron’s, but a previous attempt in his first term was postponed during the Covid-19 pandemic, and there remains opposition from trade unions and some other political parties. Macron’s party no longer has an absolute majority in parliament either, but they have made some concessions to the conservative Les Républicains to try and secure their votes.

In other news, the World Bank released their latest round of economic projections yesterday, with their global growth projection for 2023 now at +1.7%, marking a downgrade from their +3.0% forecast back in June. Those downgrades were mainly driven by the advanced economies, where growth is now seen at just +0.5% (vs. +2.2% in June), but the forecasts for emerging market and developing economies were also lowered, with this year’s growth now seen at +3.4% (vs. +4.2% in June).

Finally, there wasn’t a great deal of other data yesterday. One release in the US was the NFIB’s small business optimism index, which fell more than expected to 89.8 in December (vs. 91.5 expected). That’s the second-lowest reading in over a decade. Elsewhere, French industrial production grew by a faster-than-expected +2.0% in November (vs. +0.8% expected).

To the day ahead now, and data releases include Italian retail sales for November. Otherwise, central bank speakers include the ECB’s Holzmann, Villeroy and De Cos.

AND NOW NEWSQUAWK (EUROPE/REPORT)

Sentiment supported amid a pullback in yields, with just US 10yr supply due – Newsquawk US Market Open

WEDNESDAY, JAN 11, 2023 – 06:32 AM

European bourses are firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains.
US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar via NBC
DXY has consolidated above 103.00 to the modest detriment of peers, ex-antipodeans and Euro.
The initial rally in fixed income has run out of steam and pulled back from best amid sub-par German supply ahead of a USD 10yr
Crude benchmarks are posting modest gains while LME Copper has eclipsed USD 9k and spot-gold prints a fresh multi-month high
Looking ahead, highlights include EIA Inventories & supply from the US.

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 firmer across the board, Euro Stoxx 50 +0.8%, with an easing in yields seemingly spurring a modest extension of opening gains.
Sectors are primarily in the green, though Insurance names are pressured in sympathy with Direct Line while Retail-related stocks are supported after updates from the likes of JD Sports.
US futures posting marginal gains, ES +0.2%, with the US docket particularly thin ex-supply ahead of Thursday’s CPI.
US FAA has reported a system equipment outage, all flights nationwide have been grounded, according to a source familiar with the situation, cited by NBC Washington reporter.
Click here for more detail.

FX

DXY forms a foothold on 103.000 handle within a tight band post-Powell and pre-US CPI.
Aussie outperforms on perky inflation metrics, strong retail sales data and gains in iron ore prices, AUD/USD holds near 0.6900 and AUD/NZD rebounds from around 1.0800 to top 1.0850.
Euro retains grasp of 1.0700 handle, but Sterling sags around 1.2150 axis and Yen weakens after closing below a Fib to circa 132.75 and away from decent option expiries at 132.50.
PBoC set USD/CNY mid-point at 6.7756 vs exp. 6.7776 (prev. 6.7611)
Click here for more detail.

FIXED INCOME

Core benchmarks continued to gain momentum throughout the morning with little clear sign of concession pre-supply and perhaps deriving some support from ECB remarks.
However, the rally has run out of steam with a sub-par German outing aiding the pullback, with Bunds and Gilts now sub 137.00 and 103.00 respectively.
Stateside, USTs have been following suit and it remains to be seen if the looming 10yr supply will influence broader action, an auction which follows Tuesday’s strong 3yr.
UK DMO is to launch a new conventional Gilt maturing October 2053 in the week commencing January 23rd.
Click here for more detail.

COMMODITIES

WTI and Brent have experienced a firmer start to the mid-week session, with the benchmarks posting upside of around USD 0.30/bbl within relatively narrow ranges that keeps the complex within WTD and recent parameters
US and allies are reportedly preparing the next round of sanctions on Russian oil, via WSJ; intending to cap the sales price of Russian exports of refined petroleum products.
Russian Kremlin, on possible losses from oil price caps, says there have been hardly any cases of the caps yet.
Chinese Commerce Ministry will continue to impose anti-subsidy tariffs on dried distillers grains with solubles (DDGS) imported from the US.
Standout mover has been LME Copper which eclipsed the USD 9k mark in an extension of yesterday’s price action after fairly contained/rangebound APAC trade for base metals.
Spot gold is modestly firmer and resides towards the top-end of a USD 1872-1886/oz range, which is a fresh multi-month high leaving the figure itself as resistance before the May 2022 USD 1909/oz peak.
Click here for more detail.

NOTABLE HEADLINES

ECB’s Villeroy says they will need to be pragmatic on speed of hikes, will have to raise rates more in the coming months. Should aim to reach the terminal rate by the summer. Domestic inflation is likely to peak in H1, will avoid hard landing scenario.
ECB’s Holzmann says rates will need to rise significantly further to reach levels that are sufficiently restrictive to ensure a timely return of inflation to target. Inflation is expected to subside but risks remain to the upside. There are no signs of de-anchored market expectations.

NOTABLE DATA

German VDMA engineering orders (Nov) -14% Y/Y; domestic -7%, foreign -17%.
German autos association VDA sees 2% growth in German passenger car market in 2023, to 2.7mln (Still a quarter below 2019 levels).

NOTABLE US HEADLINES

US Treasury Secretary Yellen told President Biden that she planned to stay on as Treasury Secretary and Biden welcomed the decision, according to WSJ citing White House officials.
US, Canada and Mexico are to explore standards to develop hydrogen as a regional clean energy source, while they will forge regional supply chains and promote targeted investment in key industries of the future including semiconductors and EV batteries.
Click here for the US Early Morning note.

GEOPOLITICS

Russia’s ambassador to the US commented that the US training of Ukrainian troops on Patriot systems confirms Washington’s de facto participation in the conflict and that the US administration’s goal is to inflict the most damage on Russia on the battlefield by the hands of Ukrainians, according to Reuters.
Russian Kremlin says there is a positive dynamic in the military situation around Ukrainian town of Soledar Putin is open to discussions on Ukraine.
Russian Rights Commissioner says important ceasefire proposals have been made during her meeting with Turkish and Ukrainian colleagues in Turkey, via Reuters.
Russia and Iran are working on a new shipping corridor to bypass sanctions and are looking to work with India, according to Nikkei. ]

CRYPTO

Bitcoin is under modest pressure and has slipped below the USD 17.5k mark, though the magnitude of the move is limited within tight parameters for the session.

APAC TRADE

APAC stocks initially tracked the advances on Wall Street after Fed Chair Powell refrained from any major policy rhetoric and as participants looked ahead to upcoming US CPI data with hopes of softening price growth.
ASX 200 tested the 7,200 level to the upside with the index led by outperformance in the mining and materials sectors, while participants also digested better-than-expected Retail Sales and a pickup in monthly inflation metrics.
Nikkei 225 gained as earnings trickled in with outperformance in Yaskawa Electric after growth in its top and bottom lines, while there was encouragement from news that Fast Retailing will boost wages by as much as 40%.
Hang Seng and Shanghai Comp were firmer for a bulk of the session after the PBoC pledged support measures including for the property sector and boosted its short-term liquidity efforts ahead of next week’s Lunar New Year celebrations, although gains were capped in the mainland after the recent mixed loans and aggregate financing data.

NOTABLE ASIA-PAC HEADLINES

PBoC injected CNY 65bln via 7-day reverse repos with the rate kept at 2.00% and it injected CNY 22bln via 14-day reverse repos with the rate kept at 2.15% for a CNY 71bln net daily injection.
Analysts noted there is room for China to cut RRR and interest rates this year, while analysts also see room for a rate cut in the property sector, according to China Securities Journal.
BoJ offered to buy JPY 100bln in 1-3yr JGBs, JPY 100bln in 3-5yr JGBs, JPY 300bln in 5yr-10yr JGBs, JPY 200bln in 10yr-25yr JGBs and JPY 50bln in 25yr+ JGBs, while it also offered to buy an unlimited amount of JGBs at a fixed rate with maturities of 1yr-3yr and 3yr-5yr in an unscheduled announcement.

DATA RECAP

Australian CPI YY (Nov) 7.3% vs Exp. 7.3% (Prev. 6.9%); Trimmed Mean CPI YY (Nov) 5.6% vs Exp. 5.5% (Prev. 5.3%)
Australian Retail Sales MM Final (Nov) 1.4% vs. Exp. 0.6% (Prev. -0.2%, Rev. 0.4%)

1.c WEDNESDAY/ TUESDAY NIGHT

2 a./NORTH KOREA/ SOUTH KOREA/

///NORTH KOREA/SOUTH KOREA

end

2B JAPAN

Japan

end

3c CHINA /

CHINA/

China’s Credit Flood Is Coming, But December Was A Disappointment

TUESDAY, JAN 10, 2023 – 10:25 PM

Last week, when discussing the end of China’s “three red lines” policy to coincide with the premature end of China’s zero-covid policies, a policy U-turn which will have staggering consequences on the world’s biggest asset bubble and China’s economy, we said that “what China’s reversal means for the rest of the world is that a tidal wave of new credit is about to be unleashed, and as a recent report in Economic Information Daily said, the amount of new credit China issues is likely to reach another record high this year, while interest rates for longer-term loans could decline further. In other words, prepare for a surge in Chinese Total Social Financing as Beijing finally ends its latest experiment with austerity and is finally set to unleash the biggest credit expansion in history.”

And it will… but not just yet because while we expect a deluge of new Chinese credit (forced or otherwise) to flood the country – and then the world – in 2023, the last month of 2022 was a damp squab, with the PBOC reporting December credit data that was mixed at best.

On one hand, total RMB loans surprised the market to the upside and showed broad-based improvement – both mortgages and corporate medium to long term loan growth increased in December. According to Goldman, Beijing’s property policy easing after the “16 measures to support the property sector” and the accommodative monetary policy stance (the PBOC delivered the 25bp RRR cut in early December) likely both contributed to the acceleration in RMB loan growth.

On the other hand, total social financing and M2 growth missed expectations and decelerated materially from November. Very weak corporate bond net issuance due to the bond market repricing around wealth management product redemption and liquidity concerns dragged down overall total social financing growth. The deceleration in M2 growth was likely due to the dissipation of one-off factors (PBOC stated that commercial banks converted some FX to RMB – and maybe gold – in November) and smaller balances of PSL. In addition, PBOC and CBIRC jointly held a meeting with major policy and commercial banks today (January 10th), urging banks to strengthen financial support to the real economy, and in particular to the property sector.

Here are the details:

New CNY loans: RMB 1400Bn in December vs. Bloomberg consensus: RMB 1200bn, and up from 1213.59bn in Nov.
- Outstanding CNY loan growth: 11.1% yoy in December; November: 11.0% yoy (+8.0% mom sa ann).
Total social financing: RMB 1310 billion in December, vs. consensus: RMB 1850 bn, and down sharply from 1.987.4 billion in November.
- TSF stock growth: 9.6% yoy in December, vs. 10.0% in November. The implied month-on-month growth of TSF stock: 4.8% SAAR in December vs. 5.5% in November.
M2: 11.8% yoy in December vs. Bloomberg consensus: 12.3% yoy, and down from 12.4% yoy in November.

And the main points, courtesy of Goldman:

1. December total social financing (TSF) came in below market expectations. The sequential growth of TSF stock decelerated further to 4.8% mom sa annualized in December from 5.5% in November, and in year-on-year terms, TSF stock growth decelerated to 9.6% from 10.0% in November. Among major TSF components, new CNY loans rose after seasonal adjustment, while corporate and government bond net issuance, shadow banking credit slowed. Trust loans, entrusted loans and discounted bankers’ acceptance bills combined contracted by RMB 452bn in December, vs a contraction of RMB 116bn in November. Corporate bond showed net redemption of RMB 288bn, vs net issuance of RMB 15bn in November. Expect most of these categories to accelerate notably in 2023.

2. Overall CNY loans came in above market expectations, and the sequential growth of RMB loans accelerated to 12.1% mom sa annualized from 8.0% in November. Year-on-year growth of RMB loans was 11.1% in December, edging up from 11.0% in November. The acceleration of loan growth is relatively broad based. Policymakers urged commercial banks to step up support to property developers after announcing “16 measures” to support the property sector, which likely contributed to the acceleration in corporate loans. Policy banks’ credit support to infrastructure projects likely also added to corporate loan growth. Corporate medium to long term loan growth increased to 24.4% mom sa annualized, vs 14.0% mom sa annualized in November. By comparison, household medium to long term loans, which are mostly mortgages, grew 5.3% mom sa annualized in December, vs. 4.8% in November. Household short-term loan (mostly consumer loans) extension also accelerated to 8.0% on a month-over-month basis, vs 2.8% mom sa annualized expansion in November.
3. M2 growth decelerated to 11.8% yoy in December from 12.4% in November, below market expectations. Fiscal deposits declined by RMB 1086bn in December this year, similar to the RMB 1030bn decline in December 2021. The one-off FX conversion to RMB by commercial banks contributed to the acceleration in M2 growth in November. Moreover, in December, PSL balance shrank by RMB 17bn, in contrast to the expansion of RMB 368bn in November. The dissipation of one-off factors due to FX conversion and the net reduction in PSL balance might have both contributed to the slowdown of M2 growth in December vs November.

Bottom line, the December loan and credit data was at best mixed. The acceleration in bank loans reflected policy support – commercial banks extended more loans to property developers after the “property 16 measures”, and policy banks’ credit facility targeting at infrastructure investment in recent months likely also added to overall RMB loan growth. On the other hand, TSF growth was weak and decelerated in December. Bond market volatility due to liquidity concerns and wealth management product redemption – which was catalyzed by the fears over Zero-Covid transition – reduced bond net issuance and potentially also dragged down shadow banking credit. The decline in corporate bond net issuance and the contraction in shadow banking credit more than offset the increase in RMB loans.

That said, in today’s (January 10th) meeting with major policy and commercial banks, PBOC and CBIRC reiterated their accommodative stance and pledged to strengthen financial support to the real economy and in particular to the property sector. As such, the broad credit growth will almost certainly accelerate in early 2023 from the very low sequential growth in December 2022. High frequency activity indicators showed signs of stabilization, and nationwide Covid infections peaked in late December last year to early January this year. The recovery of broad activity growth could also add to credit demand and help with a rebound in overall credit growth in early 2023.

END

4/EUROPEAN AFFAIRS/UK AFFAIRS//

Europe is out of control!’

(Hagan/EpochTimes)

Will The European Union Ban Or Tax Meat Production?

WEDNESDAY, JAN 11, 2023 – 03:30 AM

Authored by Chadwick Hagan via The Epoch Times,

Will the European Union or certain countries in the EU ban meat production in order to meet emission regulations? In short, the answer is yes. There is a very real possibility in the near future that a member country (probably Sweden, Denmark, or the Netherlands) will impose a tax or an outright ban on meat production.

Why Sweden, Denmark, or the Netherlands? While this sounds absolutely crazy, part of the rationale is to avoid legal issues with the EU. A handful of European countries have legally binding net-zero plans for emissions and climate metrics, and the Netherlands, Sweden, and Denmark are small countries with large agricultural footprints. Small landmass with heavy agriculture industry makes for an easy target.

I wrote about such conflicting issues last month with the Netherlands closing down farms. The Dutch, like the Swedes and the Danes, are very serious about reducing emissions, as well as limiting meat consumption. The problem is they consume and produce lots of meat.

In Haarlem, a city west of Amsterdam, they have banned meat advertisements starting in 2024. Treating meat like cigarettes or alcohol to impose meat alternatives on consumers so consumers can eat highly processed fake meat products, or rely on imported meat, is a major turning point in reason and rationale.

Saxo Bank market strategist Charu Chanana stated in Saxo’s end of the year predictions that Sweden or Denmark “may decide to heavily tax meat from 2025 and could ban all domestically produced live animal-sourced meat entirely by 2030.” Charu added: “I wouldn’t be surprised to see schools in Denmark and Sweden banning meat altogether. It’s definitely going that way.”

In Sweden, statements purporting that Swedish meat consumption is declining and vegetarianism is on the rise contradict official statistics. According to recent EuroMeatNews and data from the Swedish Board of Agriculture, “Demand for Swedish meat and poultry increased significantly.”

Beef, pork, and poultry aside, the Swedes like their seafood. Most of their seafood is imported. According to a 2019 report from the University of Gothenburg: “72 percent of Swedish seafood comes from imports and 28 percent from domestic producers.” It is worth noting that 90 percent of the 72 percent of seafood imports come from China.

As for Denmark, Denmark has a sizable meat industry. Danish meat revenue amounted to $4.40 billion in 2022 and is expected to grow annually by 5 percent-plus. The Danes produce a huge amount of pork for markets—around 32 million piglets a year—and millions of those pigs are sold to the European Union (predominantly Germany and Poland). For comparison, 32 million piglets is almost twice the number of piglets that Canada sells to the United States each year.

Furthermore, while Denmark’s government and their EU representatives have meat production in the crosshairs for additional regulation and tax, they are certainly not against harvesting animals for fur. In Denmark, mink farming is very lucrative, and Denmark is one of the world’s largest producers of mink furs; there are thousands of mink farming operations, and tens of millions of mink. Latest figures show upwards of 98 percent of mink fur harvested in Denmark is exported to foreign markets. It’s a huge money maker.

In fact, Denmark’s mink are so plentiful, they’ve become an invasive species in Denmark, destroying local ecosystems. How is this not an issue?

I am not against lower emissions, or animal welfare, or even the growing popularity of vegetarianism, but I am against irrational thought processes from totalitarian technocrats.

Shuttering farms and banning meat production is not a rational strategy. According to the UN Food and Agriculture Organization, 14.5 percent of all human-caused greenhouse gas emissions are attributed to livestock. However, according to the science journal Nature Food, South Asia, Southeast Asia, and South America are the world’s largest emitters of greenhouse gasses.

Is it not a better idea to place limits and regulations on those who emit the most pollution and greenhouse gasses (in this case, Asia and South America)?

I find it highly irritating that Asia and South America continue on with endless pollution, while leaders in the Western world plot to destroy industry in the name of emissions controls. Westerners should not sit back and allow Asian and South American countries to catch up to our standards by using growth methods that pollute while Western markets are punished for economic success.

Let the socialists experiment with Asia and South America and allow the economic engines of the Western world to flourish, without interference from Marxist totalitarians.

END

France

this will be a battle:

French Workers Vow “Mother Of All Battles” As Macron Govt To Raise Retirement Age To 64

WEDNESDAY, JAN 11, 2023 – 04:15 AM

Get ready for the riots to break out… France’s government has just proposed raising the legal retirement age as it embarks on significant reforms to the pension system, and not for the first time. The Macron government going years back was already met with fierce pushback and anger upon earlier similar proposals and major overhaul attempts. The plan was unveiled Tuesday by Prime Minister Élisabeth Borne, and proposes raising legal retirement age from 62 to 64 by 2030.

The plan stopped short of Macron’s previously proposed 65, and an outline of the proposal seeks to require that workers pay into the system for two more years, raising this from the current 41 to 43 years paying in.Any serious talk of pension reforms has triggered mass protests in recent years. Getty Images

The Macron government has argued a major overhaul is urgently necessary to stave off a coming huge deficit in the system. Macron has been pushing for such reforms since his first election in 2017.

According to the details of the plan as summarized in BBC:

A full pension from 2027 will require working for 43 years (instead of 42 years currently)
Guaranteed minimum pension income of not less than 85% of the net minimum wage, roughly €1,200 (£1,060) per month at current levels, for new retirees
Police officers, prison guards, air traffic controllers and other public workers in jobs deemed physically or mentally arduous will keep the right to retire early
Their retirement age will be increased by the same number of years as the wider labor force
End to so-called “special regimes” with different retirement ages and benefits for rail workers, electricity and gas workers, among others.

Some of the above listed ‘sweeteners’ such as the increase in minimum pension to around €1,200 over and above the current €900 is an attempt to win the public’s support ahead of it being presented to parliament in the next weeks.

Widely cited recent polls point to around 70-80% of the population opposing Macron’s desired retirement age of 64. Already labor unions are planning large protests to begin next week, including some strikes set to begin Jan.19, with the FT citing the following union leaders touting they are ready for the “mother of all battles”:

Frédéric Souillot, head of the Force Ouvrière union, put the government on notice earlier this week that unions were willing to shut down the economy to stop the pensions law. “If for Emmanuel Macron this is the mother of all reforms, then for us it is the mother of all battles,” he said.

Far-left leader Jean-Luc Mélenchon called the proposal a “grave social regression”, while Le Pen called it “unjust” and said the French could count on her far-right party’s “total determination” to block it.

Protests have already been growing in some locales, with larger demonstrations expected next week…

It comes at a moment of rising cost of living across Europe and the West broadly, and amid deep uncertainty over near-future term energy and food prices related to the Ukraine war and fast-moving geopolitical events.

PM Borne is setting out to convince the population that the system must “evolve to ensure its future” – given especially that other European countries have already adjusted. “I know French people are worried about the changes, and we want to explain it and convince them,” she sought to assure.

END

IRELAND

The Irish will not be happy with this:

(ZEROHEDGE)

Guinness Hikes Beer Prices In Ireland, Risking “Financial Hardship For Many”

WEDNESDAY, JAN 11, 2023 – 05:45 AM

Irish Prime Minister Leo Varadkar says a move by Guinness to raise prices of a pint in Ireland would cause “financial hardship for many,” after the company announced an increase of 12 euro-cents per pint.

The move has prompted calls for London-based parent company, Diageo Plc, to reverse the decision. According to Diageo, they can no longer afford to absorb rising costs – following fellow beverage company Heineken NV, which slapped a 17 euro-cent increase on its products in December.

Diageo reported a profit of £3.34 billion ($4.1 billion) during its latest fiscal year, according to Bloomberg.

Vintners Federation of Ireland Chief Executive Paul Clancy said publicans were “getting hammered from every angle” and described Diageo’s move as a further difficulty for his members.

“We’re heading into the quietest few months of the year for the trade, so the increase in the price of a pint couldn’t come at a worse time. Due to the unprecedented cost of doing business publicans will have to pass on this price increase to their customers, which is something they are very unhappy about,” he said. -Bloomberg

According to PM Varadkar, he doesn’t think the increase will put any pubs out of business, but that given the overall cost of living, it would cause hardship. He added that he’s surprised more pubs aren’t taking Ireland up on an energy subsidy scheme.

5.UKRAINE RUSSIA//MIDDLE EASTERN AFFAIRS

RUSSIA/UKRAINE

Wild Scenes at Soledar: Russians ‘Split’ Ukrainian Forces and Annihilate Them – Captured Krasna Gora, Paraskovievka & 4th Mine – WarNews247

The Ukrainians have lost control in Soledar which will lead to break down across the front. Fresh recruits rushed to this battleground last 6 days or less … a terrible waste of humanity.
Zelensky and crew must and will continue to lie about the real state of affairs as the 20 of January approaches. Because there is a NATO meeting where new commitment of arms and cash is expected so lies must be told and Ukrainians must die in vain to support the lies to get more. Of course fools like Freeland In Canada simply throw cash, that is borrowed money Canadians will pay for, never to see a return.
One of the reasons you will never see the real story of FTX come out is that the laundry of cash through the Ukraine back to the Democrats and CIA would come out as fact.
A terrible tragedy for all who die whether they are Ukrainians, Poles or even from Estonia as all are recruited and represented.
The war on the dollar front also continues as there are signs of trade weakness in commodities where weaker hands are finding that costs of money are biting spreads in value as deflation caused by a lack of demand starts to hit things like oil. Weaker traders are always the first to fold. Speculative trades or yearly contracts are now being availed because of liquidity issues.

Άγριες σκηνές στο Soledar: Οι Ρώσοι “διαμέλισαν” τις ουκρανικές δυνάμεις και τις εξολοθρεύουν – Κατέλαβαν Krasna Gora, Paraskovievka & το 4ο ορυχείο

end

Inside Ukraine’s 120+ Mile Salt Mine Tunnels Just Captured By Russia’s Wagner Group

WEDNESDAY, JAN 11, 2023 – 10:15 AM

The head of the private Russian military firm Wagner Group has announced pro-Moscow forces have taken control of the town of Soledar in the eastern Ukrainian region of Donetsk. Wagner chief Yevgeny Prigozhin admitted in a series of Tuesday and Wednesday comments that fighting in the area is still ongoing, but said “Units of the Wagner private military company have taken the entire territory of Soledar under their control,” and that the Ukrainians are surrounded.

“The city center has been surrounded, and urban warfare is underway. The number of captives will be announced tomorrow,” Prigozhin added. “No units other than Wagner PMC fighters were involved in the storming of Soledar.” The Amsterdam-based Moscow Times and the AFP underscore that “If confirmed, the capture of Soledar would mark Russia’s biggest success in its war on Ukraine following months of retreats elsewhere.” Prigozhin’s emphasis that it was ‘only Wagner’ an no regular forces that stormed Soledar has reportedly unleashed anger and controversy inside the Russian chain of command.Yevgeny Prigozhin (center) released this photograph of Wagner troops in what appearsto one of Soledar’s salt mines, via Telegram

RUSSIA/UKRAINE/

IRAN

6/GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES

Vaccine//Covid issues: Injuries

GLOBAL ISSUES;//

special thanks to Neil for sending this to us

a must view….

Canadian Pilot speaks out

if we know something is stupid,..

maybe those around us don’t have the capacity to understand and we need to speak out…

PAUL ALEXANDER

Brilliant scholarship by Jeffrey Tucker of Brownstone: “End These Travel Restrictions Now”; the vaccine restrictions do not apply as per Biden administration, to the Southern border illegals

It should go without saying that the restrictions are pointless. It symbolizes a return to isolation, parochialism, detachment, and feudalistic fear, and ignorance and narrow mindedness along with it.

DR. PAUL ALEXANDERJAN 11

SAVE ▷ LISTEN

Jeffrey A. Tucker

Jeffrey A. Tucker is Founder and President of the Brownstone Institute. He is also Senior Economics Columnist for Epoch Times, author of 10 books, including Liberty or Lockdown, and thousands of articles in the scholarly and popular press. He speaks widely on topics of economics, technology, social philosophy, and culture.

SOURCE:

End These Travel Restrictions Now

‘Once again, the US government has extended the vaccination-only policy for foreign travelers, this time to April and probably later. It’s a devastating announcement for millions of people without US passports who want to come to the US to visit friends and family or otherwise engage in professional and educational activities the way they used to. Potentially some 3 billion people are affected.

The US government says, once again, only the jabbed may visit.

Unless you are on “diplomatic or official foreign government travel.” So of course government exempts itself. Only the elites – among whom those who do not fly commercial – get a pass, just like in totalitarian dystopia. The enforcement takes place when the tickets and boarding passes are issued, so if you can bypass that, you are good to go.

And I’ll say what you are already thinking: of course this policy does not apply to the Southern border. But it does apply to everywhere else in the world and travelers who buy plane or train tickets. They must get the shot or will be denied entry.

This is very personal to me and the rest of us at Brownstone because it means that our 2023 Fellow, Professor Julie Ponesse, cannot even cross the US-Canada border to engage in an academic colloquium we have scheduled.

It also affects a friend of mine in the UK, who is a highly specialized expert in Renaissance choral music who wants to come to conduct choirs in the US. There are probably thousands of institutions and companies that could tell similar stories of exclusion. Meanwhile, it’s not even clear that most US citizens know about this rule at all. The US is one of the few countries in the world that maintains them.

It should go without saying that the restrictions are pointless. It’s not a news flash that Covid is already here and fast making its way toward endemicity. Even if people arrived sick as dogs, there is enough immunity in the population for Covid to be treated like the flu or a cold. It is also incredibly clear, and has been for 18 months at least, that the shots protect against neither infection nor spread, nor do they meet the safety stands of traditional vaccines.

That some people in the world declined them is a credit to their decision-making fortitude, and exactly the kind of visitors we need.

This is a grave embarrassment to the US of course. But there is even more at stake. This one rule represents a repudiation of a policy of permission that built the modern world as we know it. It symbolizes a return to isolation, parochialism, detachment, and feudalistic fear, and ignorance and narrow mindedness along with it. Before modernity dawned, this was the default: knowing only what is around us: language, religion, and custom. What made the world great – and what vastly improved our immune systems – was fearless exposure to the broader world.

This is the 150th anniversary of Jules Verne’s mighty classic Around the World in 80 Days, written at the height of the Belle Epoch in 1872. Several amazing innovations dawned at once: the Suez Canal, the US transcontinental railroad, and the linking of the Indian railway through the subcontinent. This made it possible to circumnavigate the world in two and a half months. Maybe. A high-born English aristocrat (Phileas Fogg) and a wiley French assistant (Jean Passepartout) set out on the great journey based on a wager made with a friend.

In each telling of the story in movies, the rendering takes on a different cast. In the earliest, the English gentleman encounters every manner of deeply regrettable traditions and practices and variously rescues situations by way of his high English morals, manners, and principles. You get the impression of England going out to civilize the world, as was the attitude of the time. More modern filmmakers flip the script and have gentle and fascinating foreign people school the Englishman in other ways of the world. The book has come to be this type of template.

Whichever view you hold, the point remains: exposure to foreign cultures and peoples is good for everyone. This gets us out of our isolation and lets us see the world in a different way. It broadens our minds, makes us curious about languages and history, and generally increases familiarity and thus humane treatment of others. In other words, travel promotes human understanding and human rights. This is the idea, beautifully embodied in this literary classic.

It’s heartbreaking to read this book today and understand the broadness of the great dream of a world connected. There were no restraints other than technology and weather in their travels. The world had no passports. Those came during and after the Great War. There certainly were not vaccination mandates for travelers. Even for new US immigrants in those days, there were some tests for disease before the granting of citizenship but travelers could come and go. And so it has been for a very long time. Without question.

Jules Verne was right: the world was getting better, more connected, and with no end in sight.

And then March 12, 2020 arrived, when Trump was talked into slamming shut the right to travel for people from Europe, UK, and Australia. This was following his January closure of travel from China. Nothing like this had ever happened, especially not on the edict from one man without any vote from Congress. When it became obvious that this was a pointless exercise, people in the Trump administration tried to get it reversed but there was no one really in charge of making the decision. Everyone just passed the buck to everyone else, and thus did the Biden administration inherit and extend them, now for two more years.

For almost three years now, many wonderful artists, intellectuals, students, business professionals, and musicians have been locked out of US borders, even just to tour around and see this great land and meet up with friends. It’s simply barbaric and yet there it is.

Why does this persist? Maybe the US government wants to leave in place the remnants of at least some kind of precedent on which to build a health-passport system on the way to constructing a China-style social credit system. Certainly we are being surveilled and tracked as never before, and the shot is part of that. Or maybe it is to perpetuate the legalities of emergency rule under which the shots can continue to be authorized under emergency use. Or some combination.

Also, there is a broader ideological orientation that should concern us, best embodied by the policy papers of the World Economic Forum and the writings of Anthony Fauci, Bill Gates, and others. It’s a new ideology I’ve called lockdownism but it might also be called techno-primitivism. It’s a combination of digital technology plus a rollback into previous ages of existence to a time without fossil fuels and meat plus geographical isolation and limited choices for average people. In other words, it’s a step back to feudalism: the lords of the manor are digital titans and the rest of us are peasants toiling in the fields and eating bugs when the food runs out.

You could say that such speculation is delirium but, these days, I don’t think so. Three years ago, no one could have imagined that an academic from Canada or a conductor from Britain would not be allowed to enter the US because they refused an experimental shot to ward off a disease that is no threat to them and which doesn’t accomplish the goal anyway. No one would have imagined closed churches, schools, and businesses. We have seen and experienced horrible things and are told to be grateful for the freedoms we have.

We are turning back the clock: away from high civilization to a much lower form without a solid guarantee of even the freedom to travel, while giving up the dream of universal human rights. The confidence that Phileas Fogg had in a better world with more human connection is being replaced by isolation, fear, and compliance as guiding principles. The price will be very high. In the end, what we are losing is human connection and hence the core of civility itself. The price paid will not be apparent this year or next but over the long term as the idealism that birthed the old modern ideal recedes into the past.

Verne says this at the end of his book:

Phileas Fogg had won his wager, and had made his journey around the world in eighty days. To do this he had employed every means of conveyance—steamers, railways, carriages, yachts, trading-vessels, sledges, elephants. The eccentric gentleman had throughout displayed all his marvelous qualities of coolness and exactitude. But what then? What had he really gained by all this trouble? What had he brought back from this long and weary journey?

Nothing, say you? Perhaps so; nothing but a charming woman, who, strange as it may appear, made him the happiest of men!

Truly, would you not for less than that make the tour around the world?

[Coda: Several people have written me that at no time coming and going from the US has the TSA or Customs or Passports asked for the vaccine status. Indeed. Most agents are unaware that this is even an issue. The reason is that last year, the responsibility for enforcement was passed on to the airlines themselves who will not issue a boarding pass on a US-board flight without proof of vaccinated status. This develops a digital footprint and works as an enforcement tool, seemingly without involving border agents at all. So fair warning if you have heard that you can get in without it: there will be checks, and enforcement, and you will be barred entry, just not in the usual way

end

Dr. Sanjay Verma, MD FACC, brilliant, one of the true warrior doctors: “Myocarditis after COVID-19 Vaccination, The Stupefying and Humbling True Magnitude”; lost to follow-up is key; DAMAR HAMLIN

This is excellent scholarship by Dr. Verma and must be supported. Brilliant, balanced, and with top cardiologists such as Dr. Ramin Oskoui, Dr. Peter McCullough etc., they offer the best sign post out

DR. PAUL ALEXANDERJAN 5

SAVE ▷ LISTEN

See this excellent paragraph from Dr. Verma, containing more information than I have heard on this issue and helps add dimensions to the questions surrounding the tragic cardiac arrest of DAMAR HAMLIN.

SOURCES:

‘Vaccine associated myocarditis occurs with far greater incidence than CDC estimates (3–4x more than CDC estimates) as demonstrated on repeated international studies. Prognosis is also far worse than CDC estimates (many are lost to follow-up, many still have activity restrictions and have not returned to normal 3–6 months later). Those who are lost to follow-up (>40%) may have died and CDC is not releasing autopsy reports nor explaining how someone can be “lost to follow-up” in a situation where VASERS report requires CDC to follow-up on outcomes. Vaccine associated myocarditis studies by definition exclude those who may have “suddenly died” and not reached the hospital. A recent autopsy study from Germany indicates 4 of 25 (16%) of those who “died suddenly” within 20 days of recent vaccination had myocarditis from the vaccination (with other causes of death ruled out).’

https://sanjayverma-66740.medium.com/cardiac-arrest-and-sudden-cardiac-death-in-athletes-9c93a6c47bf6

Also:

https://sanjayverma-66740.medium.com/myocarditis-after-covid-19-vaccination-e4f7e13092ff

Alexander COVID News-Dr. Paul Elias Alexander’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Upgrade to paid

‘During the past 2.5 years of the COVID-19 pandemic, both SARS-CoV2 infection and COVID-19 mRNA vaccines have been associated with myocarditis. Knowing the spike protein’s affinity to ACE2 receptors in the heart and spike protein’s injury to cardiomyocytes (cells of the heart), the association of myocarditis with SARS-CoV2 virus or spike protein-based mRNA vaccination was not unexpected. Initial reports from Israel of myocarditis after vaccination surfaced in April 2021. Public Health officials in US have continued to insist that myocarditis after SARS-CoV2 infection also occurs. They emphasize CDC’s analysis which erroneously concludes risk of myocarditis after SARS-CoV2 infection is greater than after mRNA COVID-19 vaccination. Currently, over 50,000 cases of myocarditis, pericarditis, or both are reported in VAERS. As the discussion below will demonstrate, the actual number of myocarditis cases may be 3–4 times greater than reported in VAERS and the rate after vaccination is greater than after COVID-19 infection.’

CDC ANALYSIS OF VACCINE ASSOCIATED MYOCARDITIS DEEPLY FLAWED

‘CDC’s analysis of Vaccine Associated Myocarditis (VAM) has been and repeatedly fatally flawed. CDC continues to use VAERS data alone in most of their meeting presentations despite prior studies demonstrating that VAERS underestimates the risk of myocarditis after vaccination by 3–4 times (when compared to insurance claims data or electronic health records (EHR) databases from hospitals. In another study comparing two methodologies even found that the CDC’s method of VSD analysis under estimated the risk of VAM. The FDA Summary Basis of Regulatory Action noted that the rate of VAM in VAERS was 40 cases per million doses, “while an FDA meta-analysis of four healthcare claims databases in CBER’s Biologics Effectiveness and Safety System estimated a rate of 148 cases per 1 million males 18 to 25 years of age vaccinated with the 2-dose primary series” (3.7 times greater than the rate determined from VAERS alone). For the cases of myocarditis after SARS-CoV2 infection, CDC uses officially confirmed PCR+ ‘cases’ (for the denominator), even though their own seroprevalence data demonstrates that far more people have been infected than officially conformed PCR+ ‘cases’. For example, seroprevalence data as of Feb 21, 2022 reveal 75% (about 54 million) of all children have been infected compared to 12 million officially confirmed PCR+ ‘cases’ (i.e., the actual number of kids infected is 4.5 times greater than PCR+ ‘cases’). Therefore, calculating the risk of myocarditis after SARS-CoV2 infection, the rate noted by CDC would need to be reduced by approximately 4.5 times for pediatric population. Thus far, CDC has not adjusted its COVID-19 morbidity and mortality data accordingly. CDC’s perfunctory refrain that most cases of VAM were “generally mild” based upon follow-up on VAM reports in VAERS will be critiqued separately (forthcoming) but has been briefly reviewed at the end of my previous publication.’

end

severe’ menstrual changes post COVID gene injection vaccination: “I ended up having my period constantly, it would not go away & after those two & a half months, it became really irregular,

said 15-year-old. “I don’t know what’s going on with my body & it is scary”

DR. PAUL ALEXANDERJAN 11

SAVE ▷ LISTEN

‘Dozens of Canadian women say they feel “gaslit” after experiencing serious disruptions to their menstrual cycles following COVID-19 vaccines, and then being told by experts that their experiences are temporary and mild.

“I ended up having my period constantly, and it would not go away. And after those two and a half months, it became really irregular,” said 15-year-old Julie Leblanc. “I don’t know what’s going on with my body, and it’s scary.”

Recent medical studies have linked COVID-19 vaccines to “temporary” changes in women’s menstrual cycles. A large-scale study published on July 15 by the University of Michigan found that 42% of women with regular menstrual cycles said they bled more heavily than usual after vaccination.

The study claimed all brands of COVID vaccines could disrupt women’s menstrual cycles, but claimed the changes were “temporary and short-lived without long-term consequences.”

But when the Western Standard asked on Twitter to hear from women who experienced menstrual cycle issues after receiving COVID-19 vaccines, it found many of their experiences were not short-lived.

Over 40 women reached out to tell stories of their menstrual cycles being disrupted for months, with some having irregular periods for up to a year post-vaccination. The women complained of heavy bleeding, passing large blood clots, and “excruciating” stomach pain.

Five unvaccinated women also told the Western Standard their menstrual cycles were disrupted merely by being around vaccinated people. Experts have repeatedly said vaccine “shedding,” which has been seen with other vaccines, can’t happen with COVID-19 vaccines because they don’t contain the live virus.

Three women told the Western Standard their menstrual problems are so severe they are considering getting hysterectomies, while two women claimed they experienced miscarriages following vaccination.

Dr. Diane Francoeur, CEO of the Society of Obstetricians and Gynecologists, said it’s “no surprise” that women’s immune systems could be “shaken up” following vaccination, which could lead to menstrual changes. But she claimed stress related to COVID could also be responsible for the issues women have been experiencing.

“Unfortunately, if you have a bleeding problem, it will get worse if you are stressed. And for women, long COVID is really bad, which could also impact their menstrual cycles,” she told the Western Standard.

“I don’t think we have enough data at this point, and that’s why we need to keep looking,” Francoeur said. “With COVID, the science is being written as time goes by. We are finding a lot of new things to assess and interpret.”

The Western Standard chose three women to showcase for this feature. Their names have been hidden and changed to protect their identities.

‘I don’t know what’s going on with my body, and it’s scary.’

After 15-year-old Leblanc received her second Pfizer dose, she had a two-and-a-half-month-long menstrual cycle.

“So I would get it one month, and then it would end, and maybe I’d get it again two weeks later, and then it wouldn’t come for another month and a half,” the Nova Scotian said.

Leblanc’s irregular cycles were also accompanied by “unbearable” period cramps that made her throw up. “I never used to get cramps that bad,” she said.

When Leblanc’s mom took her to a naturopathic doctor, they found her red blood cells were “all stuck together.” The naturopath told Leblanc’s mom she had almost quit several times due to the vaccine injuries she was seeing.

In addition to Leblanc’s menstrual problems, she now occasionally experiences an irregular heartbeat and difficulty breathing, which she fears could be vaccine-induced myocarditis. While her blood tests came back as normal, Leblanc said she still has “weird” moments where “my head will get foggy, my vision will blur, and my heart will just start beating really fast.”

Leblanc had another “odd” experience that disturbed her. One morning, as Leblanc was getting ready for school, she blacked out and collapsed in the bathroom.

“I lost my hearing, and I couldn’t see anything. I crawled out of the bathroom and tried calling my dad’s name. But I couldn’t talk, and only noises were coming out. And I was shaking, almost like I was going to have a seizure.”

After an eight-hour hospital wait, a nurse told Leblanc that her medical issues were due to not consuming enough food or water.

“I’m a weightlifter and I track everything that goes through my body. I know if I’m getting enough food and drinking enough water. So when she kept saying that to me over and over again, it made me break down. Because no one believed me, and I knew it wasn’t that,” she said.

Leblanc said her medical issues put her in a “very bad mental state,” because she was in constant pain. “I didn’t feel like doing anything. I tried to go to the gym to get my mind off it. I’d hang out with my brother. But it got to a point where I just wanted to lay in bed all day and not do anything,” she said.

Leblanc has seen improvements in her menstrual cycle since she started taking a combination of NAC, Quercetin, Vitamin D, Zinc, and Ivermectin. But she refuses to get the third vaccine, and said she doesn’t understand why the federal government has talked about mandating boosters.

“What it boils down to is, if I don’t want to take another vaccine, I don’t think I should have to. And I also don’t know what’s in it.”

‘I’m not even trying to be theatrical. It was extremely bad’

Natasha felt fine after receiving her first dose of Moderna, but when she got a Pfizer dose three weeks later, “that was when shit hit the fan.”

The 40-year-old developed such bad anemia that she had to be hospitalized, and doctors told her she was close to needing a blood transfusion.

“I mild and controlled anemia before the vaccine. But after this, I was constantly out of breath. I couldn’t go for a walk around the block without being short of breath. It was a pretty harrowing experience,” she said.

Natasha also said her menstrual cycles started getting “extremely heavy,” eventually culminating in blood clots “the size of baseballs” coming out every half an hour.

“I’m not even trying to be theatrical. It was extremely bad,” she said.

Natasha said her doctor theorized that she was just going through menopause, but after 10 months of non-stop menstruating, her cycle finally returned to normal.

The Toronto-native said she wouldn’t be getting any more boosters, despite pressure from her friends and doctor. “If I have the right to terminate a pregnancy, I should also be able to decide that I don’t want to get a vaccine. If you mandate it, that’s not respecting my bodily autonomy.”

Natasha said when she hears medical professionals and public health experts talk about changes to menstrual cycles being “temporary” and “minor,” she feels “like I’m being gaslit.”

“It’s like they are completely invalidating our experiences because they don’t want any negative news to be emphasized in the media. Or maybe they don’t want to admit they were wrong and are putting their hands over their ears,” Natasha said.

Natasha said after her experience with the COVID-19 vaccines, she is less willing to trust the “experts.”

“I don’t claim to know more than doctors, but I was reading studies that said these menstrual issues could happen post-vaccination. So how are you telling me that it can’t happen?” she said.

“You’re a doctor. Do you not read scientific literature? It’s not like I’m going to Infowars to get this information.”

“I am tired of being gaslit and tossed from specialist to specialist’

While Andrea was hesitant to get vaccinated, she needed it to to visit her husband’s grandparents. When Andrea got her second vaccine dose, she could immediately tell the nurse had hit a nerve.

“I knew right away, because after that my toes started tingling. So right away, I knew something was off,” she said. “But at the time, I was eating healthy, training to run in a Manitoba marathon, and a busy mother, so a vaccine injury was the last thing on my mind.”

The Manitoba native said after experiencing what felt like a 24-hour hangover, her health “went completely sideways.” She had a 54-day menstrual cycle, followed by erratic periods.

“[My cycle] would stop for a few days, and then it would come back again for like 10 days,” she said.

Andrea also experienced severe swelling and fluid retention in her legs. “Fast forward to Halloween, and I couldn’t walk. I did five houses trick-or-treating with my daughter and I was done. And the walk-in doctor gave me water pills, which did absolutely nothing,” she said.

To make matters worse, Andrea later learned that she had been pregnant for 12 weeks and that the fetus had spontaneously aborted itself.

“I have since recovered mentally and physically from this, but I continue to suffer from almost debilitating menstrual issues to this day,” she said. “I’m 34 years old, and I’m considering getting a hysterectomy because I’m tired of going through this stuff.”

Andrea’s doctor mentioned seeing an increase in miscarriages since the vaccine rollout. And Andrea said she has had conversations with other pregnant women that have experienced issues during birth.

“I believe the vaccines are impacting women’s pregnancies. I’m seeing women around me having babies that are as tiny as dolls. And these are women that are triple vaccinated. And I’m saying, ‘is there nothing wrong with this picture? Should you be having a five-and-a-half-pound baby?'”

Health Canada claims there has been no increase in pregnancy losses or stillbirths due to COVID-19 vaccines.

Andrea said getting a formal medical diagnosis has been “nearly impossible,” especially since many medical specialists refuse to admit that her symptoms could be due to the COVID vaccine.

“I am tired of being gaslighted, tossed from specialist to specialist, and being looked at like, ‘like you’re a conspiracy theorist and you’re an anti-vaxxer.’ That’s not who I am. But I didn’t ask for this. We got vaccinated because otherwise we wouldn’t have been able to travel and see our loved ones,” she said.

“Those of us that are vaccine-injured, we’re going to have to take matters into our own hands until they start paying attention to us.”‘

https://www.westernstandard.news/news/exclusive-women-experiencing-long-lasting-and-severe-menstrual-changes-post-vaccination/article_3ba6bb3e-141c-11ed-91c9-2f6c50231cf2.html

end

Dr. Brett Giroir (interacted with him at Trump administration), brilliant, saved America after CDC’s devastating failed COVID testing; Scott Gottlieb attacked him on Twitter (on inside), did not like

the tweet by Giroir that natural immunity after Covid infection was superior to vaccine immunity; so Gottlieb emailed Todd O’Boyle lobbyist in Twitter’s Washington office, wrote Tweet was ‘corrosive’

DR. PAUL ALEXANDERJAN 11

SAVE ▷ LISTEN

Firstly, I had the opportunity to meet and interact and work with Giroir and if you go to all my prior writings and speeches, I call out each one of the loons on the Trump COVID Task Force and always only praised Giroir for to me, he was the only technical intelligent one, I met with him several times, murder boarded him before congress hearings, just talked with him, met in his office, got to see all his military swords and awards, had the honor of sitting in high level meetings with him. Always found him honest and dedicated and so smart, he saved the US after the CDC’s botched testing roll-out that had US flying blind on the virus whereabouts and epidemiology for near 6 weeks. I only have praise. While Fauci and Birx and even Redfield stabbed me in the back (sellouts by the congressional sub-select committee hearings), this guy is solid, can’t break him or bullshit him. I can vouch, solid as they come and he did not and was not subverting Trump like others were. I saw his dedication.

Berenson is doing some good reporting on this (read his stack on this, some good work), I like it, I share; this is what cancelling and wokeness and madness is, this is using power and the office to silence and censor, this is wrong and I say criminal for this costed lives, Gottlieb must be investigated:

Unreported Truths

From the Twitter Files: Pfizer board member Scott Gottlieb secretly pressed Twitter to hide posts challenging his company’s massively profitable Covid jabs

On August 27, 2021, Dr. Scott Gottlieb – a Pfizer director with over 550,000 Twitter followers – saw a tweet he didn’t like, a tweet that might hurt sales of Pfizer’s mRNA vaccines. The tweet explained correctly that natural immunity after Covid infection was superior to vaccine protection. It called on the White House to “follow the science” and exempt …

The plot thickens, oh what a complex web we weave, I am headed to the grocery to buy me some popcorn especially when I heard Biden was ‘surprised’ but Trump is already guilty

DR. PAUL ALEXANDERJAN 11

SAVE ▷ LISTEN

/VACCINE IMPACT

The U.S. Government is Guilty of Domestic Bio-Terrorism – But Who Will Bring the Criminals to Justice?

January 10, 2023 7:27 pm

Christine Dolan interviewed Sasha Latypova, a global PHARMA regulation expert, and Katherine Watt, a U.S. paralegal, on how the U.S. Government was able to murder and cripple millions of Americans with bioweapons, called “vaccines”, as a military operation. This is a great interview highlighting the recent work of both Sasha Latypova and Katherine Watt in exposing how the PREP Act and Countermeasures programs were used to completely bypass Constitutional Law and implement their terror on the American people. But when Christine Dolan asks her guests at the end of the show: “So where do we go from here? What is it that people need to know, with this knowledge?” – the answers her two guests supply show their naïveté. The American judicial system protects the guilty, not the innocent. They serve the interests of Wall Street billionaires and bankers, and these are the true “deep state” or “cabal” or whatever description you want to give them, because they are the ones that make sure they have their own judges sitting in key courts, and that includes the U.S. Supreme Court. Both “liberal” and “conservative” Supreme Court justices have consistently ruled against plaintiffs trying to stop COVID vaccine mandates, just as they have not ruled against the fraud and criminal activities of the U.S. Vaccine Court prior to COVID. The only way these criminals are going to be stopped is if there is massive resistance among the public, and that is going to be extremely difficult when the country is so divided over partisan politics, where one half of the population blames the other half for all our problems today, simply because of their political affiliations and political heroes who they think are going to come in and save the day. The other problem in massive resistance is that America is a nation of drug addicts, addicted to Big Pharma’s products, and how many are going to stop using their drugs and seek out natural alternatives that in almost every case are more effective? When medical doctors point out the COVID “vaccine” corruption and yet still fight to maintain their medical licenses so they can continue to collect their paychecks from a system that has now murdered and maimed millions of Americans, be very careful about listening to what they think the solutions are going forward, because they still want to profit from that system, when this evil medical system needs to be utterly destroyed.

SLAY NEWS

Pfizer Pressured Twitter to Censor Natural Immunity Information Pharmaceutical giant Pfizer pressured Twitter to censor posts on natural immunity and label such information as “misleading.”READ MORE

Influential Pro-Lockdown ‘Doctors’ on Twitter Exposed as Fake Accounts Several highly-influential accounts for pro-lockdown “doctors” on Twitter have been exposed as fakes.READ MORE

Washington Post Admits Russian Trolls ‘Had No Measurable Impact in Influencing’ 2016 Election The Washington Post has finally admitted that Russian trolls “had no measurable impact in changing minds or influencing voter behavior” during the 2016 election.READ MORE

Trump Asks When FBI Will Raid Biden after Classified Documents Found at Private Office President Donald Trump has fired back after the National Archives revealed that classified documents from Joe Biden’s time as vice president have been discovered in a private office.READ MORE

Kevin McCarthy Checkmates Democrats, Removes Adam Schiff and Eric Swalwell from Congressional Committees Republican House Speaker Kevin McCarthy (R-CA) has confirmed that Democrat Reps. Adam Schiff (D-CA), Eric Swalwell (D-MN), and Ilhan Omar (D-MN) are no longer members of the congressional committees they previously served on.READ MORE

Tributes Pour in for Diamond of ‘Diamond and Silk’ Following ‘Totally Unexpected’ Death at 51 Conservatives across the country are praying for Lynnette Hardaway, best known as Diamond, of the political commentary duo “Diamond and Silk.”READ MORE

Mom Shoots & Kills Home Invader to Protect Her Children A Louisiana mom has shot and killed a home invader who broke into her family’s home in the dead of the night, according to police.READ MORE

‘Net Zero’ Agenda Will End of Modern Civilization, Top Scientist Warns One of the world’s leading scientists has warned that the “Net Zero” agenda will lead to the end of modern civilization.READ MORE

GOP-Led House Votes to Rescind Billions in IRS Funding Approved by Democrats The GOP-led House of Representatives has voted to rescind billions of dollars in funding for the Internal Revenue Service (IRS) that was approved in the Democrats’ so-called “Inflation Reduction Act.”READ MORE

Diamond of ‘Diamond and Silk’ Dies at 51: ‘Totally Unexpected, Her Heart Just Plain Gave Out’Lynnette Hardaway, Diamond of “Diamond and Silk,” has died at just 51 years old.READ MORE

Federal Court Rules: Separating Children’s Bathrooms by Biological Sex Is ‘Constitutional’A federal appeals court has ruled that separating children’s school bathrooms based on biological sex is “constitutional.”READ MORE

Hollywood Star Mel Gibson Removed as Grand Marshal of Mardi Gras Parade after Backlash Mel Gibson has been removed as one of the co-Grand Marshals of this year’s Mardi Gras parade after a blowback over the Hollywood star’s past statements.READ MORE

National Archives Refers Biden to DOJ after Finding Classified Documents in Private Office The National Archives has referred Joe Biden to the Department of Justice (DOJ) for investigation over allegations the Democrat President has been mishandling classified documents.READ MORE

MICHAEL EVERY/RABOBANK

Broken Britain

WEDNESDAY, JAN 11, 2023 – 05:00 AM

By Stefan Koopman, Rabobank Senior Macro Strategist

The week in Asia and Europe started off with a continuation of 2023’s decidedly positive risk appetite, but this nonetheless faded during US hours. This morning’s handover from Asia trading to Europe is rather weak too, with the Stoxx 600 slipping around 0.6% after reaching a 9-month high on yesterday. The weaker sentiment is ascribed to some hawkish comments from the Fed’s Daly and Bostic; the latter said that US rates need to be raised above 5% and to be held there for “a long time”. Even though Fed policy makers continuously seek to keep expectations of a pivot in check, they haven’t been very convincing at that: swaps markets are currently pricing nearly 50 bps of cuts in the second half of this year. Consequentially, EUR/USD holds well-above 1.07 – the highest in seven months.

The “will they/won’t they”-pivot chatter is likely going to continue for months on end, and will surely be covered in numerous Global Dailies to come, so it’s perhaps a good moment to have a look at something else and to have a look of what Brexit has in store for us in 2023.

Investors are forgiven to have missed some of its more recent developments, as it has been a long time since Brexit made headlines that actually affected markets on a day-to-day basis. However, both Brexit and the intense period of politics following it are closely connected to the UK’s current multiple crises. One example is the mini-Budget, which was initially touted as the ultimate fulfilment of Brexit by many of its supporters, but turned out to be a disaster when fantasies met realities. Some of the other crises that are at least indirectly Brexit-related include the potentially persistently high level of inflation, the wave of strike action, potential food supply issues, and the risk of a UK-specific energy crisis. These issues are essential for a functional democracy, and even though Brexit may not have a daily impact on markets anymore, the country’s desire for radical changes to the status quo was a tell-tale sign of its structural decline.

The United Kingdom has become, quite literally, the sick man of Europe. Not only has its productivity growth lagged behind that of other G7 countries for more than a decade, its self-inflicted wounds are now also impacting its healthcare system and, in a very unhealthy feedback loop, the supply of labour at a macro-economically highly relevant scale. At the same time, the Conservative party continues to be dominated by incompetent right-wing populists, which limits the ability of some of the better-intentioned but, frankly, clueless technocrats to address these problems: you would think that nearly 50,000 unfilled nursing positions should even convince the most ardent libertarians that their pay is too low. More strike action is coming in the upcoming days, weeks, and months, only further impairing the country’s economic supply.

So, what is the latest on Brexit? How is the current ‘mood music’ in these perennial talks between the United Kingdom and the European Union? The current negotiations centre on the implementation and possible renegotiation of the Northern Ireland Protocol. This Protocol has caused tension in Northern Ireland – where the unionists of the DUP have refused to nominate a Deputy First Minister until it is “scrapped or changed” – as well as between the UK and the EU. The good news on this front is that parties are currently finally working seriously and pragmatically to reach an agreement on the protocol’s implementation, with hopes that some deliverables will be achieved in time for the 25th anniversary of the Good Friday Agreement in April. The quarter-centenary would indeed be rather embarrassing if the institutions that were set up under the treaty are non-operational and the cross-community political consensus it aimed to create is visibly broken.

Yesterday, the UK and EU reached an accord to use the UK’s data-sharing system to track goods moving from Great Britain to Northern Ireland. This new database provides real-time customs and commercial data on goods, such as agri-food or industrial machinery, being transported across the Irish Sea. It is the first concrete sign of progress in the dispute over post-Brexit trading rules. A continued ‘de-dramatisation’ and serious progress on trade flows and customs checks between Great Britain and Northern Ireland may eventually unlock further progress on a whole host of other issues, such as the deal’s governance and food safety regulations.

It is to be seen whether the current progress will eventually be sufficient for the Northern Ireland unionists to agree to return to the Northern Ireland Assembly, which they currently boycott. The DUP have stated that they will not return until their concerns about the Protocol are fully addressed (although, as we’ve seen in the recent past, tax handouts do miracles). Yes, increased political pressure from US Democrats, who want to see this being resolved before even thinking about a UK-US trade deal, may eventually result in a partial agreement on trade flows between the UK and the EU, but it remains unlikely that such a deal will be comprehensive enough to fully resolve all issues related to the Protocol and to placate the DUP and the Conservative Party’s own hardliners.

Given that it took more than six months to agree something ‘technical’ as data sharing, the most likely outcome at this point seems to be that another deadline will pass with no comprehensive resolution. Even worse, the risk is that if hardly any progress on the issue of Northern Ireland is made in the next few months and if the UK government decides to still pursue its unilateral Northern Ireland Protocol Bill, a whole host of other issues may again resurface. More specifically, the EU will be keeping a close eye on the UK’s efforts to eliminate inherited EU laws through the new Retained EU Law Bill, suspecting that the UK may be attempting to gain an unfair competitive advantage with a bonfire of regulations.

In a speech, the Bank of England’s chief economist Huw Pill linked all of the problems described above to the possible “persistence” of inflationary pressures in the UK relative to other economies.

It has indeed often been said that the UK’s unique inflation problem combined the worst of both the US (soft labour supply) and Europe (skyrocketing energy prices) with some UK-specific goods and services market bottlenecks added to it. This should keep inflation elevated throughout 2023

and well into 2024, making a Bank of England pivot a remote prospect. We look for Bank rate to rise to 4.75% by this summer.

end

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

Russian Ural oil is selling for a huge discount of $37.80 per barrel. The Kremlin is watching the price closely and will probably limit the oil discount shortly.

(Paraskova/OilPrice.com)

Kremlin “Keeping Very Close Watch” On Russian Oil Prices, Will Limit Oil Discount

WEDNESDAY, JAN 11, 2023 – 06:30 AM

By Tsvetana Paraskova of OilPrice.com

Russia’s government is watching Russian crude oil price trends closely after reports that its flagship crude currently trades at around half the price of the international benchmark, Kremlin spokesman Dmitry Peskov said on Tuesday.

“The government, first of all Deputy Prime Minister [Alexander] Novak, is watching the situation very closely, as [well as] the Energy Ministry,” Peskov said, as carried by Russian news agency TASS.

Vladimir Putin’s spokesman was asked if the Kremlin was concerned about the very low prices at which Russia’s Urals is trading and the consequences for Russia’s budget income.

Urals, Russia’s flagship crude grade, was going for $37.80 a barrel at the Baltic Sea port of Primorsk on Friday, half the Brent Crude price on the same day, Bloomberg reported on Monday, citing data provided by Argus Media.

Russia is also “keeping a very close watch” on the situation after the presidential decree in retaliation to the price cap on Russian oil, Peskov said today.

At the end of December, Russian President Vladimir Putin banned the sale of Russian oil to countries that have joined the so-called Price Cap Coalition and comply with the cap imposed by the Western countries. The Russian move was weeks in the making and follows the start of the price cap mechanism that the G7, the EU, and Australia implemented on December 5.

The EU and G7 banned maritime transportation services from shipping Russia’s crude oil to third countries if the oil is bought above the price cap of $60 per barrel, and the EU imposed an embargo on seaborne imports of Russian oil into the bloc.

Putin’s decree bans the sale of Russian oil to countries that comply with the price cap and will be in effect from February 1 to July 1, 2023.

Russia has the right to respond to “illegal measures” as it sees fit, Putin’s spokesman Peskov has said.

Moscow claims the price cap will not seriously hit its oil production and economy. Russia’s oil production will not fall off a cliff now that the EU-G7 price cap on Russian crude has come into effect, Russia’s First Deputy Energy Minister Pavel Sorokin said last month.

END

8.EMERGING MARKETS ISSUES//AUSTRALIA ISSUES.

BRAZIL

END

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

EURO VS USA DOLLAR:1.0732 DOWN .0007

USA/ YEN 132.67 UP 0,563/NOW TARGETS INTEREST RATE AT .50% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN RISES//

GBP/USA 1.2113 DOWN 0.0038

Last night Shanghai COMPOSITE CLOSED DOWN 7.67 PTS OR 0.24%

Hang Sang CLOSED UP 104.59 POINTS OR 0.49%

AUSTRALIA CLOSED UP 0.95% // EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 104.59 PTS OR 0.49%

/SHANGHAI CLOSED DOWN 7.67 PTS OR 0.24%

AUSTRALIA BOURSE CLOSED UP .95%

(Nikkei (Japan) CLOSED UP 270.44 PTS 1.03%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 1877.60

silver:$23.76

USA dollar index early WEDNESDAY morning: 103.18 UP .20 BASIS POINTS from TUESDAY’s close.

WEDNESDAY MORNING NUMBERS ENDS

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And now your closing WEDNESDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 3.093% DOWN 15 in basis point(s) yield

JAPANESE BOND YIELD: +0.500% UP 0 AND 0/100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.178%// DOWN 5 in basis points yield

ITALIAN 10 YR BOND YIELD 4.017 DOWN 15 points in basis points yield ./ THE ECB IS QE ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: RISES TO +2.164% DOWN 13 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR WEDNESDAY

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

Euro/USA 1.0752 UP 0.0014 or 14 basis points//

USA/Japan: 132.48 UP 0.381 OR YEN DOWN 38 basis points/

Great Britain/USA 1.2136 DOWN .0017 OR 17 BASIS POINTS //

Canadian dollar UP .0018 OR 18 BASIS pts to 1.3416

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed ON SHORE (CLOSED ..(UP) AT 6.7705

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. 6.7740

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

the 10 yr Japanese bond yield at +0.500

Your closing 10 yr US bond yield DOWN 4 IN basis points from TUESDAY at 3.576% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield 3.700 DOWN 5 in basis points

Your closing USA dollar index, 103.03 UP 5 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 TUESDAY: 12:00 PM

London: CLOSED UP 30.49 PTS OR 0.40%

German Dax : CLOSED UP 173.31 POINTS OR 1.17%

Paris CAC CLOSED UP 55.05 PTS OR 0.80%

Spain IBEX UP 13.60 POINTS OR 0.16%

Italian MIB: CLOSED UP182.25 PTS OR 0.72%

WTI Oil price 77.41 12: EST

Brent Oil: 82.61 12:00 EST

USA /RUSSIAN /// UP TO: 68.73/ ROUBLE UP 1 AND 06/100 RUBLES/DOLLAR

GERMAN 10 YR BOND YIELD; +2.164

UK 10 YR YIELD: 3.430 UP 5 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0758 UP .0019 OR 19 BASIS POINTS

British Pound: 1.2152 DOWN .0001 or 1 basis pts

BRITISH 10 YR GILT BOND YIELD: 3.429% DOWN 9 BASIS PTS

USA dollar vs Japanese Yen: 132.40 UP 0.340/YEN DOWN 34 BASIS PTS//

USA dollar vs Canadian dollar: 1.3419 DOWN .0014 (CDN dollar, UP 14 basis pts)

West Texas intermediate oil: 77.57

Brent OIL: 82.92

USA 10 yr bond yield DOWN 6 BASIS pts to 3.546%

USA 30 yr bond yield DOWN 7 BASIS PTS to 3.681%

USA dollar index:102.95 DWN 2 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 18.78

USA DOLLAR VS RUSSIA//// ROUBLE: 68.73 UP 1 AND 6/100 roubles

DOW JONES INDUSTRIAL AVERAGE: UP 268.01 PTS OR 0.80%

NASDAQ 100 UP 196.75 PTS OR 1.76%

VOLATILITY INDEX: 21.17 UP 59 PTS (2.87)%

GLD: $174.74 DOWN 0.12 OR 0.08%

SLV/ $21.55 DOWN .18 OR 0.83%

end)

USA trading day in Graph Form

Stocks & Bonds Rip, Yield Curve Inversion Deepens Ahead Of ‘Most Important CPI Print Ever’

WEDNESDAY, JAN 11, 2023 – 04:00 PM

US stocks were higher and Treasury yields lower today as markets appear to be anticipating another benign inflation report on Thursday.

Nasdaq outperformed and The Dow lagged but all the majors took off as the US cash session opened. All the majors then melted-up into the close with Nasdaq up 1.5% as hedgies scrambled to buy calls from their dramatically under-positioned perspectives ahead of the big inflation print…

Since the payrolls print, Nasdaq is up 6.66% and S&P up 4.5%…

After this panic-bid, they better hope this thing comes in soft.

“Most Shorted” sto

Robert Hryniak	10:15 AM (21 minutes ago)
to

Robert Hryniak	9:44 AM (50 minutes ago)
to

Neil Alho	11:39 AM (1 hour ago)
to bcc: me