Thursday, August 22, 2019

The World Is Moving in Two Directions — The Defining “Issue”? To Serve the Common Good

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by Harley Schlanger, LaRouchePAC:

The world is moving in two directions. The New Silk Road development paradigm is gathering force. Meanwhile, the Old Paradigm of monetarism and geopolitics, though expiring, continues to pose dangerous threats. An expression of the latter, is the release yesterday of the unfortunate “Legislative Outline for Rebuilding Infrastructure in America” from the Trump Administration. Its Wall Street provenance is evident throughout the document’s 53 pages, despite President Donald Trump’s reiteration in his cover letter that he wants to provide modern, “upgraded infrastructure,” because, “Our nation’s infrastructure is in an unacceptable state of disrepair…”

The document’s contents are dismal. Its 20-to-80 financing mechanism (Federal to state, local, and private funding, with a goal of $1.5 trillion over 10 years) is a non-starter; and the bright ideas proposed, include such losers as a list of recommended “Divestitures,” i.e., selling off of Reagan and Dulles Airports, the Tennessee Valley Authority’s transmission grid, and other high-value assets, to financial sharks, etc. It favors putting tolls and user-fees everywhere, to induce investment.

There is no reason to think this evil grab-bag will pass Congress and come into being. The danger comes in, from the fact that the elected President of the United States is not in control of domestic policy, nor foreign policy, because of the coup operation thrown against him and U.S. government institutions, conducted directly through British subversion. That is the treasonous scandal of “interference in the U.S. elections”—not Russia; and in U.S. policy to the present moment.

On the foreign relations front, leading figures in the U.S. have been manipulated to try to oppose the Belt and Road Initiative. Look at this in Ibero-America, as seen in Secretary of State Rex Tillerson’s anti-China comments made on his recent Central and South American tour. His remarks have been roundly criticized by Ibero-American leaders. This week Tillerson is travelling in Southwest Asia (Egypt, Kuwait, Jordan, Lebanon, Turkey), where already, leading figures are criticizing the U.S. role in the region, and saying outright, that they now look to China, and also Russia, because the U.S. is so misguided. China reiterated this week that it will provide reconstruction aid to Syria and Iraq.

All this points to the necessity to bust up the coup operation shackling the U.S. Presidency. Trump has repeatedly stated his intention of U.S. friendship with China and Russia—anathema to the British. On the front of countering the Russia-gate/Trump-gate slanders, there are no new, dramatic pieces of evidence yesterday, but the finger is pointing to new revelations to come soon, amounting to “Phase Three” against the British networks. In Phase One, it was exposed that FISA spying was authorized based on anti-Trump lies from “ex”-British spy Christopher Steele, paid for by Hillary Clinton Democrats. Then “Phase Two” revealed State Department complicity, by such figures as Victoria Nuland, the operative who orchestrated the 2013-2014 Nazi coup in Ukraine. Now there are rumblings that “Phase Three” will expose complicity of such diplomats as Samantha Power and Susan Rice, former intelligence directors, and of Obama himself, who acted on behalf of British geopolitics.

The big void to fill in the U.S., across the Trans-Atlantic and in a few other hold-outs clinging to the Old Paradigm, is the lack of understanding of the science of economics. The Trump infrastructure program issued yesterday, simply highlights the necessity of the wide distribution of the LaRouche Four Laws, and the principles involved. In the U.S., this is going out into the 2018 Mid-Term elections arena, as the LaRouchePAC “Campaign for the Future.”

Read More @ LaRouchePAC.com

Uh Oh! General Mattis Admits No Evidence Of Assad Using Poison Gas On His Own People

by Tim Brown, Freedom Outpost:

As Rep. Thomas Massie said when it all went down, “The first casualty in war is the truth.”

I do have to say, I’m shocked that this would actually be acknowledged, but not at all surprised by the truth since we have been those pointing out that both the Obama administration and the Trump administration were lying to us about Assad using Sarin gas on his own people in Syria.

Newsweek has the story:

Lost in the hyper-politicized hullabaloo surrounding the Nunes Memorandum and the Steele Dossier was the striking statement by Secretary of Defense James Mattis that the U.S. has “no evidence” that the Syrian government used the banned nerve agent Sarin against its own people.

This assertion flies in the face of the White House (NSC) Memorandum which was rapidly produced and declassified to justify an American Tomahawk missile strike against the Shayrat airbase in Syria.

Mattis offered no temporal qualifications, which means that both the 2017 event in Khan Sheikhoun and the 2013 tragedy in Ghouta are unsolved cases in the eyes of the Defense Department and Defense Intelligence Agency.

Mattis went on to acknowledge that “aid groups and others” had provided evidence and reports but stopped short of naming President Assad as the culprit.

There were casualties from organophosphate poisoning in both cases; that much is certain. But America has accused Assad of direct responsibility for Sarin attacks and even blamed Russia for culpability in the Khan Sheikhoun tragedy.

Now its own military boss has said on the record that we have no evidence to support this conclusion. In so doing, Mattis tacitly impugned the interventionists who were responsible for pushing the “Assad is guilty” narrative twice without sufficient supporting evidence, at least in the eyes of the Pentagon.

This dissonance between the White House and the Department of Defense is especially troubling when viewed against the chorus of weapons of mass destruction (WMD) experts who have been questioning the (Obama and Trump) White House narratives concerning chemical weapons in Syria since practically the moment these “Assad-ordered events” occurred.

OK, so let’s just chalk it all up to the military industrial complex and the mainstream media feeding us the bull that we needed to be involved in Syria in the first place.  It’s sort of like that line that came out of the Bush administration about “WMD’s in Iraq,” right?

In any case, Zero Hedge points out that the attacks could only have three originators.

  • The Syrian government
  • The fighters of whichever group, like Al-Nusra or ISIS who elected to use this to frame the Syrian government, and;
  • The US, in an attempt to frame the Assad regime.

Tyler Durden writes:

The Americans were not invited to help Assad, so their presence in Syria is an inconvenient truth – Syria cannot expel them, but they were never wanted, and even by the American people, involvement in yet another Middle Eastern nation is not high on the “things I want my country to do” list for most Americans.

The loser in this situation is the United States, because of the mishandling of this conflict.  While most of the conflict and the American action in it took place during the Obama era, it is probably the case that if the USA simply gathered all its troops and equipment and retreated to Israel or the Mediterranean Sea, or just plain left, the result might be a great deal worse for the Russian and Syrian national forces already there.

The problem here is that there may well be a serious intelligence breach or failure that created or allowed the decision to launch that Tomahawk strike. Russia Today also ran the Mattis piece, because to do so suits the Russian narrative that there is no way Bashar Assad would use gas on his own people. Indeed, it does not make rational sense to a Westerner how a dictator retains power when his country is already a war zone and watched by world powers.  To do a mass killing of one’s own citizens under such a watchful eye seems a highly absurd course for any leader to take.

The further problem is the reality of conditions on the ground.  As this report points outthe Americans may be in a situation where foolish decisions by previous administrations and maybe even this one, have created a situation where they cannot leave.

 Well, I”m not convinced of that.  We got involved by training, funding and arming Islamic jihadis under the Obama administration.  We continually tried to stick our nose into Syria where it didn’t belong.

Then, President Donald Trump, unconstitutionally attacked Syria with a plethora of missiles due to a lie his own Defense Department couldn’t not even prove to support the claims.

Read More @ FreedomOutpost.com

GOLD UP $13.40 TO $1328.00/SILVER DOWN 3 CENTS TO $16.57

by Harvey Organ, Harvey Organ Blog:

THE YEN RISES DRAMATICALLY AND THAT SENT GOLD/SILVER HIGHER AS IT UNWINDS YEN CARRY TRADERS/VIX REMAINS RELATIVELY HIGH AT 25.00/THE USA 10 YR BOND YIELD STILL VERY HIGH OF 2.835%/JANUARY SEES A HUGE INCREASE IN GOLD DERIVATIVES UP TO 580 TONNES/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1328.00 UP $3.40

Silver: $16.57 DOWN 3 cents

Closing access prices:

Gold $1329.50

silver: $16.57

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1324.85 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1323.60

PREMIUM FIRST FIX: $1.25

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SECOND SHANGHAI GOLD FIX: $1334.47

NY GOLD PRICE AT THE EXACT SAME TIME: $13235.40

Premium of Shanghai 2nd fix/NY:$9.07

 

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LONDON FIRST GOLD FIX: 5:30 am est $1329.40

NY PRICING AT THE EXACT SAME TIME: $1329.90

LONDON SECOND GOLD FIX 10 AM: $1325.35

NY PRICING AT THE EXACT SAME TIME. $1326.00

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 0 NOTICE(S) FOR NIL OZ.

TOTAL NOTICES SO FAR:1783 FOR 178300 OZ (5.458 TONNES),

For silver:

FEBRUARY

89 NOTICE(S) FILED TODAY FOR

445,000 OZ/

Total number of notices filed so far this month: 215 for 1,075,000 oz

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Bitcoin: BID $8508/OFFER $8576: DOWN $351(morning)

Bitcoin: BID/ $8602/offer $8671: DOWN $255  (CLOSING/5 PM)

 

end

 

There are 4 tools used by the manipulators to raise stock prices while stocking down gold and silver:

 

  1. increasing the value of the USA dollar index
  2.  shorting yen  (buying usa/yen) which is your carry trade ie. buy stocks, short yen gold
  3.  hammer vix (the volatility index) which states that everything is OK. ie. short volatility and gold buy stocks
  4.  contain the 10 yr USA treasury yield below 2.80%

we are beginning to see fractures in all of them.  today it was the yen that rose and that drove gold/silver higher.

Let us have a look at the data for today\

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In silver, the total open interest FELL BY A TINY SIZED 453 contracts from 195,964  FALLING TO 195,511  DESPITE  YESTERDAY’S SOLID 40 CENT GAIN IN SILVER PRICING.  WE  HAD MINIMAL COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  1862 EFP’S FOR MARCH AND AND 0 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 1864 CONTRACTS.  WITH THE TRANSFER OF 1862 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. THE 1862 CONTRACTS TRANSLATES INTO 9.32 MILLION OZ.  WITH THE HUGE DROP IN OPEN INTEREST AT THE COMEX. WE SHOULD EXPECT BIGGER GAINS IN EFP TRANSFERS IN THE NEXT FEW DAYS WITH THE LARGE LOSS AT THE COMEX AS LONGS GAVE UP SEEKING METAL AT THIS EXCHANGE.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEBRUARY:

32,254 CONTRACTS (FOR 10 TRADING DAYS TOTAL 32,254 CONTRACTS OR 161.270 MILLION OZ: AVERAGE PER DAY: 3225 CONTRACTS OR 16.125 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  161.3 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 23.0% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  409.6 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

RESULT: A TINY SIZED GAIN IN OI SILVER COMEX DESPITE THE SOLID  40 CENT GAIN IN SILVER PRICE.  WE HOWEVER HAD A GOOD SIZED EFP ISSUANCE OF 1862 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 1862 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR MONDAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.   WE GAINED  1883 OICONTRACTS i.e. 1862 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 21  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE CONSIDERABLE RISE IN PRICE OF SILVER OF  40 CENTS AND A CLOSING PRICE OF $16.60 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A FAIR AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.980 BILLION TO BE EXACT or 140% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 89 NOTICE(S) FOR 445,000 OZ OF SILVER

In gold, the open interest  FELL BY A TINY 590 CONTRACTS DOWN TO 510.150 DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($12.00).HOWEVER, IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR MONDAY AND IT TOTALED A FAIR SIZED  3381 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 3381 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 510,150. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE TODAY DESPITE YESTERDAY’S TRADING IN GOLD,  WE HAVE A GAIN OF 2791  CONTRACTS: 590 OI CONTRACTS DECREASED AT THE COMEXAND A FAIR SIZED  3381 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(2791 oi gain in CONTRACTS EQUATES TO 8.68 TONNES)

FRIDAY, WE HAD 6968 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 102,277 CONTRACTS OR 10,227,700  OZ OR 318.10 TONNES (10 TRADING DAYS AND THUS AVERAGING: 10,227 EFP CONTRACTS PER TRADING DAY OR 1,022,700 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 9 TRADING DAYS: IN  TONNES: 318.10 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 318.10/2200 x 100% TONNES =  14.5% OF GLOBAL ANNUAL PRODUCTION SO FAR IN FEBRUARY ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  951.63 TONNES

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22  TONNES

Result: A  TINY SIZED DECREASE IN OI AT THE COMEX DESPITE THE STRONG SIZED GAIN IN PRICE IN GOLD TRADING YESTERDAY ($12.00). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS  RECEIVED THEIR PRIVATE EFP CONTRACT  FOR EITHER  APRIL OR JUNE. HOWEVER, WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 3381 AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 3381 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 2791 contracts ON THE TWO EXCHANGES:

3381 CONTRACTS MOVE TO LONDON AND  590 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 8.68 TONNES).

we had: 0 notice(s) filed upon for NIL oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD

WITH GOLD UP $3.40 TODAY, THE CROOKS DECIDED NOT THE RAID THE COOKIE JAR/INVENTORY REMAINS CONSTANT/

Inventory rests tonight: 820.71 tonnes.

SLV/ 

NO CHANGES IN SILVER INVENTORY AT THE SLV/ AGAIN WITH TODAY’S HUGE RISE IN SILVER PRICE:   NO CHANGE IN INVENTORY

/INVENTORY RESTS AT 314.045 MILLION OZ/

can someone please explain why GLD behaves differently to SLV????

end

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FELL BY A TINY 453  contracts from 195,964 UP TO 195,511 (AND now A LITTLE FURTHER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE  THE STRONG SIZED  RISE  IN PRICE OF SILVER  (40 CENTS WITH RESPECT TO  YESTERDAY’S TRADING).   OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER GOOD 1862 PRIVATE EFP’S FOR MARCH AND 0 EFP CONTRACTS OR MAY  (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 0 EFP’S FOR ALL OTHER MONTHS .  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD SOME COMEX SILVER COMEX LIQUIDATION. IF WE TAKE THE  OI LOSS AT THE COMEX OF  453 CONTRACTS TO THE 1862 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A GAIN OF  1409  OPEN INTEREST CONTRACTS .  WE STILL HAVE A GOOD AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN JANUARY (SEE BELOW). THE NET GAIN TODAY IN OZ ON THE TWO EXCHANGES:  7.04 MILLION OZ!!!

RESULT: A TINY SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE CONSIDERABLE SIZED RISE OF 40 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING ). BUT WE ALSO HAD ANOTHER GOOD 1862 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE GOOD  SIZED AMOUNT OF SILVER OUNCES STANDING FOR FEBRUARY, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS MAJOR BANK SHORT COVERING ACCOMPANIED BY INCREASES IN GOFO AND SIFO RATES INDICATING SCARCITY.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 30.83 points or 0.93% /Hang Sang CLOSED UP 379.90 or 1.29% / The Nikkei closed DOWN 137.94 POINTS OR .65%/Australia’s all ordinaires CLOSED UP 0.63%/Chinese yuan (ONSHORE) closed DOWN at 6.3448/Oil DOWN to 59.08 dollars per barrel for WTI and 62.49 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED EXCEPT LONDON .   ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.3448. OFFSHORE YUAN CLOSED UP AGAINST  THE ONSHORE YUAN AT 6.3395//ONSHORE YUAN A LOT WEAKER AGAINST THE DOLLAR/OFF SHORE A LOT STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  MUCH WEAKER AGAINST ALL MAJOR CURRENCIES INCLUDING ON SHORE CHINA YUAN.  CHINA IS  HAPPY TODAY STRONGER MARKETS IN CHINA 

Read More @ HarveyOrganBlog.com

China Rolls Out J-20 Stealth Fighter, Navy Calls “Serious Threat” To US Assets

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from ZeroHedge:

As tensions mount over the South China Sea shipping corridor which handles $5 trillion in annual trade, China has finally rolled out its Chengdu J-20 stealth fighter jet which some have compared to the United States’ F-22 Raptor.  

The new jet is rumored to have already been deployed to the South China Sea along with several of China’s Su-35s, to take part in a joint combat patrol over the region, according to the Chinese Ministry of Defense whose release did not mention the J-20.

The fourth-generation medium and long-range fighter jet made it’s maiden flight in 2011 and was first shown to the public at a November, 2016 air show in Zhuhai, Guangdong Province. 

A spokesman for the People’s Liberation Army (PLO), Shen Jinke, said that the J-20 would “help the air force better shoulder the sacred mission of safeguarding national sovereignty, security and territorial integrity,” adding that the air force was in the middle of a modernization program in order to fight enemies on all fronts.

Read More @ ZeroHedge.com

Sweden Became ‘Jihadi Hot Spot’ to Avoid ‘Racist’ Label – Researcher

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from Sputnik News:

In several terrorist attacks performed across Europe, a connection between the perpetrators and Sweden has been established. Jihadist recruitment in the Nordic country has been made possible by politicians’ reluctance to address the problem for fear of being labeled “racist,” Swedish Defense College researcher Peder Hyllengren argued.

While Sweden, compared with other European countries, has been more or less spared from acts of terrorism (bar the recent vicious Stockholm attack and a suicide bombing in 2010), it has nevertheless functioned as a base camp for recruiting extremists, who have participated in or have been suspected of terrorist attacks abroad, National Defense College researcher Peder Hyllengren told broadcaster SVT.

In Hyllengren’s own words, Sweden “sticks out” in terms of the presence of homegrown jihadists in international terrorist networks. Sweden, a nation of 10 million, has produced around 300 jihadists, which is second most in the EU in relation to the population. Additionally, hundreds of Swedes have built up contacts with violent jihadists from other countries and entered into various terrorist cells that have committed attacks around Europe.

According to Hyllengren, involvement in Islamic terrorism is not exactly a recent phenomenon, as Sweden has effectively functioned as a supplier of extremism for decades. From the Nordic country, people have been recruited to training camps to fight in conflict zones across the world, in places like Somalia, Pakistan and Afghanistan.

Hyllengren argued that the issue of terrorism has become particularly sensitive since the first terrorist cases were initiated in the 2000s, which led to criticism of and mistrust towards the Security Police, SÄPO. According to Hyllengren, the activism that took place against the security officials and those who tried to emphasize the seriousness of these issues raised the threshold for politicians, effectively preventing them from addressing these problems as such.

“You risked being identified as racist in a way that you did not see in other European countries. There, this question was as uncontroversial as the importance of combating Nazism and right-wing extremism. But in Sweden it took a long time before we could discuss jihadism in the same way we have long discussed Nazism,” Hyllengren concluded.

As a result, Hyllengren contended, Sweden became a “jihadi hot spot” because recruiters were granted opportunities to act relatively undisturbed, which “wasn’t really seen in other European countries.”

Read More @ SputnikNews.com

How to Manipulate Stocks: Chinese Authorities Step in to Stop the Rout

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by Wolf Richter, Wolf Street:

For proper effect, the directives were purposefully leaked to the media.

The Shanghai Composite Index plunged 10.2% last week, the largest weekly drop in two years, and was down 11.4% since January 26. But it wasn’t just last week that things became unglued. The Shenzhen Composite Index had plunged 14% since January 24, only about half of it last week.

The Spring Festival holiday is coming up this week, and there were fears that traders want to unload additional positions ahead of it. There are other factors lined up against the stock market, including China’s off-and-on-again crackdown on leverage. So it was time for authorities to step in and set things right.

Over the weekend the China Securities Regulatory Commission (CSRC) and other regulators have sent directives to:

  • Major stockholders, telling them to acquire more shares of companies listed in mainland China in which they already own large stakes.
  • Mutual fund firms, telling them to curtail share sales to avoid becoming net sellers.
  • Brokerages, telling them to provide to the CSRC trading summaries from last week along with trading plans and previews for the current week.

For proper effect, so that all players in the market would know that the Chinese authorities are going to stop the selloff and turn it around, and thus to encourage more buying by other players, these directives were purposefully leaked to the media, including Bloomberg, which reported it this morning. This served as confirmation what everyone had been hoping for: That the authorities would not let the market fall prey to market forces.

The directives went out this weekend, but late last week there was already some heavy lifting going on behind the scenes that wasn’t properly leaked. Bloomberg counted over 110 companies listed in Shanghai and Shenzhen that had announced that their major shareholders had increased their stakes in them starting on Friday.

Bloomberg also reported that the Shanghai Stock Exchange had announced on Friday that it had issued warnings and limited intraday trading to prevent large sales that might affect market stability.

After all this had gotten out by Monday morning, it was now time to keep small investors from selling and to encourage them to buy more. The Shanghai Securities News reported on Monday, according to Bloomberg, that the China Securities Investment Services Center, which serves smaller investors, said that major shareholders can boost investor confidence by purchasing stocks.

Authorities are once again yanking on the levers to keep the market from backsliding into some sort of price discovery. And it worked. The markets in China were up on Monday, with the Shanghai Composite rising 0.8% and the Shenzhen Composite surging 2.6%, which set the tone in Asia. All major Asian markets showed gains, except in Japan where markets were closed due to the National Founding Day, one of the 16 market holidays of the year. So they missed out.

Read More @ WolfStreet.com

GOLD RISES BY $12.00 TO $1324.00/SILVER UP A STELLAR 40 CENTS TO $16.60

by Harvey Organ, Harvey Organ Blog:

SYRIAN ROCKETS DOWN AN ISRAELI FIGHTER JET INSIDE ISRAEL AND ISRAEL REACTS TAKING OUT A HUGE NUMBER OF SYRIAN/IRANIAN MILITARY POSITIONS/TRUMP DETAILS HIS 4 TRILLION DOLLAR BUDGET PLAN AND HIS HUGE SPENDING WILL BE GOOD FOR GOLD/MORE SWAMP STORIES FOR YOU TODAY

GOLD: $1324.60 UP $12.00

Silver: $16.60 UP 40 cents

Closing access prices:

Gold $1323.00

silver: $16.56

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1331.29 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1324.00

PREMIUM FIRST FIX: $7.90

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SECOND SHANGHAI GOLD FIX: $1326.24

NY GOLD PRICE AT THE EXACT SAME TIME: $1323.90

Premium of Shanghai 2nd fix/NY:$2.34

SHANGHAI REJECTS  NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1321.70

NY PRICING AT THE EXACT SAME TIME: $1321.00

LONDON SECOND GOLD FIX 10 AM: $1322.30

NY PRICING AT THE EXACT SAME TIME. $1321.10

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 50 NOTICE(S) FOR 5000 OZ.

TOTAL NOTICES SO FAR:1783 FOR 178300 OZ (5.458 TONNES),

For silver:

FEBRUARY

16 NOTICE(S) FILED TODAY FOR

80,000 OZ/

Total number of notices filed so far this month: 215 for 1,075,000 oz

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Bitcoin: BID $8692/OFFER $8763: up $381(morning)

Bitcoin: BID/ $8311/offer $8845: UP $463  (CLOSING/5 PM)

 

end

Let us have a look at the data for today\

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In silver, the total open interest ROSE BY A CONSIDERABLE SIZED 2828 contractsfrom 193,135  RISING TO 196,163 DESPITE  FRIDAY’S GOOD 18 CENT LOSS IN SILVER PRICING.  WE  HAD ZERO COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  2694 EFP’S FOR MARCH AND AND 139 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 2833 CONTRACTS.  WITH THE TRANSFER OF 2833 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. THE 2833 CONTRACTS TRANSLATES INTO 14.16 MILLION OZ.  WITH THE HUGE DROP IN OPEN INTEREST AT THE COMEX. WE SHOULD EXPECT BIGGER GAINS IN EFP TRANSFERS IN THE NEXT FEW DAYS WITH THE LARGE LOSS AT THE COMEX AS LONGS GAVE UP SEEKING METAL AT THIS EXCHANGE.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEBRUARY:

30,392 CONTRACTS (FOR 9 TRADING DAYS TOTAL 30,392 CONTRACTS OR 151.960 MILLION OZ: AVERAGE PER DAY: 3376 CONTRACTS OR 16.884 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  151.96 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 21.7% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  381.9 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

RESULT: A GOOD SIZED GAIN IN OI SILVER COMEX DESPITE THE CONSIDERABLE  18 CENT LOSS IN SILVER PRICE.  WE HOWEVER HAD A GOOD SIZED EFP ISSUANCE OF 2833 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 2833 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR MONDAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.   WE GAINED  5523 OI CONTRACTS i.e. 2833 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 2829  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE CONSIDERABLE FALL IN PRICE OF SILVER OF  18 CENTS AND A CLOSING PRICE OF $16.20 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A FAIR AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.980 BILLION TO BE EXACT or 140% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 16 NOTICE(S) FOR 80,000 OZ OF SILVER

In gold, the open interest FELL  BY ANOTHER CONSIDERABLE 6,968 CONTRACTS DOWN TO 510,740  WITH THE FAIR SIZED FALL IN PRICE OF GOLD WITH FRIDAY’S TRADING ($4.70). HOWEVER, IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR MONDAY AND IT TOTALED A FAIR SIZED  7526 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 7526 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 510,740. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE TODAY DESPITE YESTERDAY’S TRADING IN GOLD,  WE HAVE A GAIN OF 658 CONTRACTS: 6968 OI CONTRACTS DECREASED AT THE COMEX AND A STRONG SIZED  7526 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(658 oi gain in CONTRACTS EQUATES TO 2.046 TONNES)

FRIDAY, WE HAD 14,716 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 98,896 CONTRACTS OR 9,889,600  OZ OR 307.60 TONNES (9 TRADING DAYS AND THUS AVERAGING: 10,988 EFP CONTRACTS PER TRADING DAY OR 1,098,800 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 9 TRADING DAYS: IN  TONNES: 307.60 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 307.6/2200 x 100% TONNES =  13.98% OF GLOBAL ANNUAL PRODUCTION SO FAR IN FEBRUARY ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  941.12 TONNES

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22  TONNES

Result: A  CONSIDERABLE SIZED DECREASE IN OI AT THE COMEX DESPITE THE FAIR SIZED FALL IN PRICE IN GOLD TRADING FRIDAY ($4.70). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS  RECEIVED THEIR PRIVATE EFP CONTRACT  FOR EITHER  APRIL OR JUNE. HOWEVER, WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7526 AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 7526 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 658 contracts ON THE TWO EXCHANGES:

7526 CONTRACTS MOVE TO LONDON AND  6968 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 2.045 TONNES).

we had: 50 notice(s) filed upon for 5000 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD

WITH GOLD UP $12.00 TODAY, THE CROOKS WITHDREW ANOTHER 5.6 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 820.71

Inventory rests tonight: 820.71 tonnes.

SLV/ (IN TOTAL CONTRAST TO GOLD)

NO CHANGES IN SILVER INVENTORY AT THE SLV/ AGAIN WITH TODAY’S HUGE RISE IN SILVER PRICE:   NO CHANGE IN INVENTORY

/INVENTORY RESTS AT 314.045 MILLION OZ/

can someone please explain why GLD behaves differently to SLV????

end

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY A CONSIDERABLE 2829  contracts from 193,135 UP TO 195,964 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE  THE GOOD SIZED  FALL  IN PRICE OF SILVER  (18 CENTS WITH RESPECT TO  FRIDAY’S TRADING).   OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER GOOD 3215 PRIVATE EFP’S FOR MARCH AND 0 EFP CONTRACTS OR MAY  (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 0 EFP’S FOR ALL OTHER MONTHS .  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD SOME COMEX SILVER COMEX LIQUIDATION. IF WE TAKE THE  OI GAIN AT THE COMEX OF  2829 CONTRACTS TO THE 2833 OI TRANSFERRED TO LONDON THROUGH EFP’S, SURPRISINGLY WE OBTAIN A GAIN OF  5523  OPEN INTEREST CONTRACTS DESPITE FRIDAY’S DRUBBING IN SILVER PRICE.  WE STILL HAVE A GOOD AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN JANUARY (SEE BELOW). THE NET GAIN TODAY IN OZ ON THE TWO EXCHANGES:  27.61 MILLION OZ!!!

RESULT: A GOOD SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE CONSIDERABLE SIZED FALL OF 18 CENTS IN PRICE (WITH RESPECT TO FRIDAY’S TRADING ). BUT WE ALSO HAD ANOTHER GOOD 2833 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE GOOD  SIZED AMOUNT OF SILVER OUNCES STANDING FOR FEBRUARY, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS MAJOR BANK SHORT COVERING ACCOMPANIED BY INCREASES IN GOFO AND SIFO RATES INDICATING SCARCITY.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late SUNDAY night/MONDAY morning: Shanghai closed UP 24.27 points or 0.78% /Hang Sang CLOSED DOWN 47.79 or 0.16% / The Nikkei closed HOLIDAY/Australia’s all ordinaires CLOSED UP 0.30%/Chinese yuan (ONSHORE) closed DOWN at 6.3286/Oil DOWN to 60.26 dollars per barrel for WTI and 63.65 for Brent. Stocks in Europe OPENED DEEPLY IN THE GREEN .   ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.3286. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.3346//ONSHORE YUAN A LOT WEAKER AGAINST THE DOLLAR/OFF SHORE A LOT WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  MUCH WEAKER AGAINST ALL MAJOR CURRENCIES EXCEPT CHINA YUAN.  CHINA IS   HAPPY TODAY STRONGER MARKETS IN CHINA 

Read More @ HarveyOrganBlog.com

Security analyst: Europe’s politicians do not want to admit the West is in a state of war

0

from Voice Of Europe:

Czech security analyst Lukas Visingr, said that Europe will see “worse” terror attacks and that the majority of the continent’s politicians don’t want to admit that the West is in a state of war.

In an interview with Czech news channel ČT24 Visingr said:

“When this new generation [of trained ISIS fighters that return]  begins attacking, I think that we are in for much worse things.”

And later he added:

“The main problem is political, because the majority of European political representatives still do not want to admit the fundamental truth that the West is, simply, in a state of war and that it should behave accordingly.”

Read More @ VoiceOfEurope.com

China finally switching to Russian gas

by Alexander Mercouris, The Duran:

Article in Global Times complains of irregular deliveries of gas from Central Asia; hinting at preference for Russian gas

As the giant Power of Siberia pipeline intended to transport natural gas from Yakutia and the Irkutsk areas of Russia to China approaches completion, with Gazprom saying that it is now two-thirds complete, the semi-official Chinese newspaper Global Times has published an article complaining about irregularities in the supply of gas from China’s traditional Central Asian gas suppliers, Turkmenistan and Uzbekistan.

The sharp drop of liquefied natural gas (LNG) shipments through a key Central Asian pipeline network has put the already-tight domestic LNG supply situation to the test.

There are two reasons for the plunging shipments: first, LNG demand increased in the supplier countries themselves; second, the suppliers were withholding LNG in hopes of getting better prices in other markets. Those factors prompted the suppliers to break the terms of their contracts with China.

According to a statement by China National Petroleum Corp (CNPC) issued on January 31, the nation’s LNG supply situation has been deteriorating. The volume of LNG received through central Asian pipeline networks has fallen by nearly half, domestic news portal jiemian.comreported. The sudden cuts by two Central Asian countries, Turkmenistan and Uzbekistan, added a new risk to the Chinese energy supply network. China needs to re-evaluate the security of its energy supply network in Central Asia.

According to insiders at China’s three major State-owned oil companies, the Central Asian countries failed to provide China with the contracted volumes of LNG with the excuse that they didn’t have enough money to repair broken LNG equipment. A notice issued by CNPC stated that Central Asian countries owe China an average LNG volume of 30 million cubic meters per day, according to jiemian.com

Sources also said that China National United Oil Corp is negotiating with these LNG suppliers. But it seems that Chinese oil companies have no bargaining chip if the suppliers don’t keep their end of the deal. Instead of China, the suppliers can potentially send LNG to Europe at a higher price.

The cut in LNG supplies has added a new risk factor to China’s energy security, with domestic LNG inventories at record lows. Data from the Beijing oil & gas transportation center showed that the domestic natural gas pipeline network had “emergency” storage of 1.99 billion cubic meters at the end of January. According to jiemian.com, as of January 30, the volume available for sale in the current pipeline network was 420 million cubic meters per day whereas demand was 445 million cubic meters per day, in addition to the network’s own use of 5 million cubic meters per day. So the domestic supply gas is about 30 million cubic meters per day.

As a result, CNPC must ration the supply and sale of LNG to avoid a total collapse of the LNG pipeline system.

The China-Central Asia LNG pipeline, which starts at the border between Turkmenistan and Uzbekistan on the banks of the Amu Darya River, is one of the world’s longest LNG pipeline. The gas pipeline runs about 10,000 kilometers, with 188 kilometers in Turkmenistan, 530 kilometers in Uzbekistan, 1,300 kilometers in Kazakhstan and 8,000 kilometers in China.

Turkmenistan is the largest pipeline LNG exporter to China. But since January, the gas concern there has shut down supply three times.

If all these figures are true, the risk is obvious: Central Asia has emerged as a broken link in the international energy security network that China has made such effort to forge.

With China participating in globalization as the “world’s factory,” ensuring energy security is vital for China. China has put huge resources (in banking, diplomacy, investment, markets and public finance) and effort into building a five-channel international energy supply network to satisfy the world’s largest oil and gas demand.

As China adjusts its energy consumption structure, switching to green energy, the demand for LNG will constantly grow and create a heavy dependency on foreign resources. The high dependency on LNG from Turkmenistan has become a potential security risk.

If this situation continues, it will not only lead to unexpected problems for State-owned petroleum corporations, it will also leave the Chinese government unprepared. If the key passage of LNG is not stable, the security of China’s international energy supply network must be re-evaluated.

Russia and the Power of Siberia pipeline are conspicuously never mentioned in this article.  Nonetheless Chinese anger and concern about the breaches of contract by their traditional Central Asian gas suppliers is clear enough, as is the urgently expressed need for China to diversify away from them to a more reliable supplier, which can only be Russia.

Read More @ TheDuran.com

Russian Fighters Killed In Clash With US-Led Coalition Forces In Syria

0

from ZeroHedge:

With the calm of global capital markets shattered in the past two weeks, the ongoing military conflict in the Middle East has taken an understandable back seat to monetary matters. And yet, tensions involving Syria, Iran and Israel continue to escalate, most notably with this weekend’s outright attack by Israel on Syria, allegedly in retaliation for an Iranian drone launch from a Syrian army base, and which led to the first downing of an Israeli F-16 jet in decades.

Yet what has so far prevented the proxy way from spinning out of control, was that Putin – as guarantor of the Syria-Iran axis on one hand, and Netanyahu as his nemesis on the other, had expressed restraint. For now.

That may change, however, following a Reuters report  that Russian fighters were among those killed when U.S.-led coalition forces clashed with pro-government forces in Syria earlier this month.

While Russia’s Defense Ministry said at the time that pro-government militias involved in the incident had been carrying out reconnaissance “and no Russian servicemen had been in the area”, the story changed on Monday when it emerged that at least two Russian men fighting informally with pro-government forces were killed in the incident in Deir al-Zor province, their associates told Reuters.

One of the dead was named as Vladimir Loginov, a Cossack from Russia’s Kaliningrad exclave. Maxim Buga, a leader of the Cossack community there, said Loginov had been killed around Feb. 7 along with “dozens” of other Russian fighters.

The other man killed was named as Kirill Ananiev, described as a radical Russian nationalist. Alexander Averin, a spokesman for the nationalist party he was linked to, told Reuters Ananiev had been killed in shelling in the same fighting on Feb. 7.

Read More @ ZeroHedge.com