The price movements this week were entirely dominated by what happened on Friday. OMICRON!
Let’s start with crude oil. Check out the $10 drop in the price of the master resource on the half-day of trading on Friday. It was a remarkable move. Crude is now in a reasonably strong downtrend.
On Tuesday, there was a crude oil rally following President Grandpa announcing a 50m barrel SPR release (8% of the total US emergency oil supply). Why would prices rally following an announcement of “more supply”? This happens a lot in markets. When prices move in opposition to where “common sense” suggests they should go (supply/demand says – more oil supply should move prices lower, but price rallied instead) – this means the “more supply” announcement was expected, but ended up being much less impressive than participants had feared. “Wow. I’m underwhelmed. BUY!” But of course this bullish move was totally overwhelmed by OMICRON on Friday.
The orchestrated OMICRON terror campaign caused crude prices to plunge, but this move wasn’t about energy overall. See what happened to natgas on Friday: +8.09%, a large move up. So while gasoline-to-travel will get cheaper, natgas to heat your home (or to run your local power plant) will become more expensive. +8% is a decent-sized move for natgas.
Gold spent most of the week selling off – on Friday it actually tried to rally, but the rally mostly failed. For the week, gold dropped -55.66 [-3.01%]. It is now right at the 200 & 50 MA lines.
The buck spent most of the week moving higher – right up until Friday, when it sold off hard [-0.80%]. The buck ended the week basically flat [+0.07%]; it remains in an uptrend – but Friday’s move could signal a bearish reversal. OMICRON appears to have caused money to flee the buck – moving back to plague-ridden (but really, lockdown-ridden) Europe. As always, its not the plague that matters, its the reaction to the plague that drives everything.
We saw a (very?) rare plunge in equities on Friday – SPX fell -2.20%, and it is now in a moderate downtrend. The VIX shot up +10 to 28.62. This was a very large move in the VIX. Money is leaving US equities, at least for now – I’m guessing that’s aligned with the drop in the buck also. OMICRON!
If we use the “Martin Armstrong” equity analysis: on Friday, NDX -2.09%, SPX -2.27%, DJI -2.53%, this suggests that a fair amount of the drop in equities had to do with international capital flows. DJI = international capital, NDX = domestic capital.
The 10-year treasury did very well on Friday, up +1.10% [10 year yield fell -16 bp to 1.48%] and probably printed a daily bullish reversal also. This suggests a flight to safety – at least domestically.
Finally, crappy debt: JNK fell -0.76% on Friday, and -1.31% on the week. Crappy debt really looks awful, and has for a while now. To me, this suggests a combination of rising rates, as well as (now) risk-off. Although – as the candle print suggests – this could be a low too. Its hard to say.
As for the rest of the items on Friday:
- Miners: -1.73%
- Silver: -1.90%
- Lumber: -2.42%
- Platinum: -2.70%
- Copper: -4.44%
- Palladium: -6.36%
So based on prices: market appears to be pricing in the possibility of some sort of US lockdown, and/or international travel restriction, because OMICRON! And the perceived difference between plague-infested Europe’s incredibly fascist “public health” policy overreaction (VAX MANDATES because BODIES are PILING UP outside HOSPITALS! Except – of course – not really) and the relative nirvana of the US’s return “back to normal” is being unwound.
OMICRON!
One interesting note: while crude dropped -13% on Friday, energy equities (XLE) fell just -4.02% – a much smaller move. To me, this suggests that the drop in the price of crude is seen by the market – as of now – as temporary.
Maybe just a trading opportunity? It’s hard to say.
News That Caught My Eye
Biden renominates Powell as Fed chair, cites ‘steady and decisive leadership’
Powell & Brainard Suddenly Make Inflation #1 Priority in their Thank-You Statements
Wolf said, “This looks like the beginning of a U-Turn on inflation.”
The market agreed – it interpreted this U-turn as rate hikes coming sooner than previously expected. Now: markets project a 63% chance of at least one rate hike by June 2022.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
President Biden Announces Release from the Strategic Petroleum Reserve As Part of Ongoing Efforts to Lower Prices and Address Lack of Supply Around the World
Paid For by You and Me.
Related:
In Germany, it is definitely not a “pandemic of the unvaccinated.” At least not according to the RKI, which actually tracks vaccine breakthroughs. Unlike the CDC, which appears to be running a protection racket for “someone.”
Quick summary: in the 60+ group (the ones who actually might benefit from the shot), vaccination rates are: among symptomatic (71%), hospitalized (56%), ICU admits (46.4%), deaths (52.5%). That lines up with my anecdotal information from a small German hospital: “Some are, some aren’t.”
So if 71% of the 60+ crowd has been vaccinated, that’s a VE (symptomatic infection) = 0%. At least for that group anyway. But hey – just look on the bright side: at least VE (symptomatic infection) hasn’t gone negative like it did in Sweden! There still does seem to be a benefit for deaths, but it isn’t all that great.
And note also this isn’t “all cause mortality.” These are just COVID deaths. So this is the most optimistic view of “vaccine effects on health.” What’s the all-cause-mortality look like in the vaccinated vs the unvaccinated? I don’t know.
WASHINGTON — Merck & Co said on Friday updated data from its study of its experimental COVID-19 pill showed the drug was significantly less effective in cutting hospitalizations and deaths than previously reported.
Well that’s not good. The issue? Merck-mectin (Molnupiravir) doesn’t work so well on people with Delta. No apparent benefit, actually. Still shows a benefit for Alpha – which of course doesn’t exist anymore. Awesome that Grandpa’s handlers have bought $billions in doses with our money. Merck Shareholders say: Thank You!
Regardless, I suspect Merck-mectin will soon be standard of care. (Aduhelm! Approved!)
Its a big club. And you ain’t in it.
My Friday/Saturday Survey of MSM on OMICRON!
World is put on high alert over the Omicron coronavirus variant
Explainer: How worried should we be about the Omicron variant?
- Omicron’s mutations are likely to render certain COVID-19 treatments – including some manufactured antibodies – ineffective
- Experimental antiviral pills [Pfizer-mectin, Merck-mectin] – target parts of the virus that are not changed in Omicron
- But the biggest question remains whether protection from COVID-19 vaccines – nearly 8 billion doses have been administered globally – will hold up. And, will people previously infected with the coronavirus be immune from infection with Omicron?
The Omicron Variant Panic – Markets fall, but the biggest danger is more government lockdowns.
Omicron: Keep Calm and Carry on Vaccinating
The longer it takes to vaccinate whole populations, the faster we’ll cycle through the Greek alphabet with new variants; the only way to prevent that is to vaccine more people faster.
Omicron’s full impact will be felt in countries where fewer are vaccinated
…The four cases identified so far in Israel – all individuals who had just returned from African countries – had still been infected despite being double-vaccinated. However, as William Hanage, an epidemiologist at the Harvard TH Chan School of Public Health points out, the more important question is whether it causes severe disease in those it infects.
BioNTech – which released the first authorised Covid-19 vaccine with Pfizer just over a year ago – expects to have laboratory data on how its jab performs against Omicron in two weeks’ time
A WHO source confirmed the letters Nu and Xi of the Greek alphabet had been deliberately avoided. Nu had been skipped to avoid confusion with the word “new” and Xi had been skipped to “avoid stigmatising a region”, they said.
Opinion: The U.S. must defend itself from the omicron variant — without resorting to lockdowns
…Travel bans such as the one the Biden administration announced Friday can’t stop variants from penetrating our borders, but they can slow new strains down and give us time to ramp up other mitigations, such as variant-tailored booster shots
Of course, that’s assuming our regulators can operate at the speed of virus
But though Britain has already approved molnupiravir, Merck’s antiviral treatment, the FDA won’t rule until at least Nov. 30. Paxlovid, Pfizer’s candidate, works so well that its trials were halted early because it was deemed unethical to keep giving the control group patients placebos. Why, then, is it ethical for the FDA to make others wait until it gets around to approving?
South African medical association says Omicron variant causes ‘mild disease’
JOHANNESBURG: The new Omicron variant of the coronavirus results in mild disease, without prominent syndromes, Angelique Coetzee, the chairwoman of the South African Medical Association, told Sputnik on Saturday.
“It presents mild disease with symptoms being sore muscles and tireness for a day or two not feeling well. So far, we have detected that those infected do not suffer lost of taste or smell. They may have a slight cough. There are no prominent symptoms. Of those infected some are currently being treated at home.”
My analysis – there are two parts to this:
- Reality. Omicron (Nu, or Xi, take your pick) may be a manufactured variant. It seems unlikely that so many changes just happened “in nature.” It appears to be weaker, and more transmissible. People don’t lose sense of smell or taste anymore. Although it may evade monoclonal antibodies, it sounds so weak that it’s a nothing-burger – according to the South African Medical Association. “The World” appears to be terrified of a case of the sniffles. According to South Africa anyway.
- Opportunity. There’s an organized MSM campaign to leverage OMICRON! to:
- skip the “testing” phase of any new OMICRON vaccine from Pfizer / Moderna because – scary OMICRON!
- distract away the emerging pattern of PFE/MRNA vaccine failure because – scary OMICRON!
- push for approval of Pfizer-mectin and Merck-mectin instantly regardless of efficacy because – scary OMICRON again!
- impose travel bans (punish the Plebes/reduce “Carbon” emissions) because – really scary OMICRON!
My Prediction – if Oligarchy (Pharma Division) gets their way:
- no national lockdowns
- international travel restrictions
- renewed campaign to vaccinate & boost (OMICRON!)
- near-instant FDA approval of Merck & Pfizer-mectin
- near-instant FDA approval of the OMICRON! vaccines (in 100 days) – no data required.
- OMICRON! Vaccine mandates. To save Grandma.
- MSM will ignore the relative weakness of the variant. Case counts (vs deaths) will be the focus.
Supporting Data:
- Friday’s moves: PFE: +6%, MRNA: +20%, crude: -13% [-$10], SPX: -2.6%
One last point. Perhaps the OMICRON! terror is real. Perhaps there is real fear – coming from the Oligarchy because the virus is so weak, and so transmissible. As a result, it is only possible to terrify the Plebes about OMICRON before it actually lands. Super transmissible and weakly symptomatic = it will replace Delta = effectively it will be an even-milder airborne natural-vaccination campaign. With very minor side effects. Assuming the South Africans aren’t lying to us about the mild symptoms.
What if the real story were: “OMG we cannot let OMICRON land, or else it will wipe out the COVID19 story within six weeks of arrival!” Even worse – it might actually provide durable, long-lasting natural immunity to the vaccinated!
That could be the real disaster in the offing. Of course it might also be a plague-Götterdämmerung with a CFR of 20%, but I’m going with the odds. Panic-porn hasn’t been right yet. Remember IHME and their 2.5 million dead in three weeks? This has this same sort of feeling of panic-porn about it. “Triple Lung transplants required!” “Babies dying from COVID!” None of it was true.
And on Friday, we had a unified media response to an event where the only evidence there is says the symptoms are mild an short-lived.
I’m going with the odds. “If it walks like a duck, and quacks like a duck…its a duck.”
Hypothesis: if I were a group of Oligarchs, and I wanted to reduce the propensity of the Plebes to travel (because – “Climate Change!”), I’d require them all to take a series of shots that – eventually – would weaken them to a point where an ever-growing number of this group simply couldn’t travel any longer.
We know from that “Circulation” paper that the 5-year odds of an unpleasant cardiac syndrome rises from 11% to 25%, following just the initial shots. What happens when we add the untested-OMICRON!-shots on top of shots-plus-boosters? I’m guessing the PULS number doesn’t get any better. It probably gets worse. “When you are in a hole, first thing you do: stop digging.” But the Oligarchy is ordering travel-loving-Plebes: even though you’re at the bottom of a deep hole, you must continue digging, or else: No Travel For You!
https://www.ahajournals.org/doi/10.1161/circ.144.suppl_1.10712
If Oligarchy can successfully implement this new template, I project that, five years from now, there will be a large number of Plebes who used to like to travel, but cannot travel any longer due to cumulative vaccine injury and/or death. The “high-carbon-emitting” Plebes who love travel will self-select themselves right out of the population! Genius!
Of course, the Oligarchy, armed with private jets, will not be subject to the same burden. This is justifiable, because Oligarchy are “saving the planet” by structuring and enforcing this “Climate Change” policy. As a reward for their good works, they deserve to keep flying private – without having to follow the (deliberately irritating) “quarantine” (or cumulatively deadly) “vaccination” requirements.
Isn’t it interesting that the Plebes, who get 2 weeks of vacation per year, have to quarantine for – two weeks! – if they travel internationally, unvaccinated? And yet:
Hong Kong says it let JPMorgan CEO skip quarantine for low-risk trip
Yay Oligarchy! Saving the planet, one private-jet-flight at a time.
So, do UFOs even exist? Two viewpoints:
UFO Mania Is Out of Control. Please Stop.
The claims are not true. Please, people: Get in the box!
Defense leaders want to make sure they can spot and track “phenomena” trespassing over training ranges.
Earlier this year, the Director of National Intelligence released a report on more than 140 known sightings of unidentified aerial phenomena, or UAPs, that Navy pilots and others have reported for years. The report could neither prove nor disprove that extraterrestrial technology was behind the video and first-hand accounts of flying objects maneuvering in ways beyond known U.S. and competitor capabilities.
And then:
Pentagon Announces New Group to Counter UFO Threat
So it’s either WAPO: “OMG remain within the Overton window!”, or – Defense One: “WTF are these things the Navy pilots have been reporting for years?” And now the Pentagon has a new UFO group.
My bet is, the UAPs exist. Leaving aside for a moment who makes them and where they come from, I would like to know: what fuel do these UAPs use? JP4? Kerosene? Windmills? Or is it something else?
I ask, only because the unknown power source might prove useful in the fight against “Climate Change” – and by extension, it might remove the (apparent) necessity for the psychopathic Oligarchy to engage in semi-annual OMICRON! international terror campaigns, as well as their traveling-Plebe-self-elimination program.
Steve Kirsch on how to handle the pandemic; he starts with “vaccines”, and it just keeps getting better from there.
Vaccines
- COVID vaccines shall only be available by prescription only.
- The government will no longer make the COVID vaccines available for free.
- The liability exemption is now lifted. Patients who have been harmed by the vaccines can now sue the drug company for damages up to $100M per case of fatality or disability.
- Informed consent provide shall include any and all symptoms that are elevated in VAERS by 10X or more over “baseline” reporting rates.
- The public should be warned that the most up-to-date risk benefit analysis shows that the vaccine may kill 117 kids for every kid that is saved from COVID.
- Require autopsies for anyone who dies within 2 weeks of getting the vaccine. The autopsy reports should be posted in a public database with Names and other PHI related data redacted
- Failure to file a VAERS report for anyone who dies within 30 days of COVID vaccination shall be liable to a fine of $100,000 per incident.
Finally, some resources. Telegram is being used by many as a twitter-replacement. Here are a few examples:
- Dr Peter McCullough: https://t.me/PeterMcCullough
- Juan Chamie: https://t.me/juanchamie
- Arkmedic: https://t.me/arkmedic
- Dr Dmitry Kats: https://ift.tt/3xwpYR2
Note that the Kats protocol changes weekly, much to the chagrin of some of the members. And he *really* doesn’t like ivermectin. But every now and then, there are some real jewels. First, niacin. Then – turns out the gut is really important; c.f. “butyrate”.
“Doctor Yourself” is my way to remove revenue from Oligarchy (Pharma) sickcare system.
“Stop feeding the tapeworm.” It’s my new-new thing.
The post OMG, Omicron! appeared first on Peak Prosperity.
from Peak Prosperity https://ift.tt/316WM7v
