Unlike last week, there was no single driver of prices. At least not that I could see.
In economic news, there was the payrolls report [headline: +210k +0.14% m/m – vs +300-600k expected], durable goods [orders -.41% m/m, shipments +1.55% m/m], and autos/light truck sales [-0.73% m/m, heavy trucks +8.8% m/m]. Auto sales are still suffering from inventory issues [“bare shelves Biden!”], and payrolls came in lighter than expected. I’m guessing the burst of heavy truck sales are attempts to remedy the “bare shelves” issues.
Wolf has the detailed breakdown on changes in the labor market – lots of people appear to be striking out on their own. “Take this jab and shove it!” How many of these changes are driven by people quitting due to vax mandates? He notes that although the nonfarm report showed just +210k, the household report showed +1.14 million this month. Wolf doesn’t talk about vax mandates at all, although people have brought them up in the comment section.
Here’s an interesting chart on the divergence between employment recovery in “lockdown/vax mandate” states vs “more open” states. Paying people not to work? More fear about returning to work? People quitting/being fired to avoid the shot? Hard to say. According to Wolf, there are still lots of positions that aren’t being filled.
OMICRON! is still a thing. Apparently babies are dying by the truckload in South Africa. [I exaggerate – but not by much.]
https://ift.tt/3Ilf1ae
Omicron Triggers ‘Unprecedented’ COVID Surge Hitting Children Under Age 5 in South Africa
Do you believe this? I suspect the source for this is directly or indirectly funded by the BMGF.
Equity prices are not reacting as if this is a world-ending event. Equities did move lower [SPX -1.22%], but SPX fell just 3 of 5 days this week; there is still plenty of buy-side support. That said, the sector map was bearish – discretionary & tech led lower, with staples and utilities doing best. And forecaster is in a downtrend.
Crude was mixed also; I’ll show the daily chart to lay out the back-and-forth. Crude appears as though it might have put in a low on Thursday, although forecaster hasn’t yet come around.
Crappy debt rallied fairly strongly this week [+0.58%] – not a sign of impending doom – especially after cratering last week. Back during March 2020, JNK dropped hard. It isn’t doing that right now.
For gold – and silver – this week appeared to be about deliveries. Rather – about the banksters trying to dissuade people from taking delivery of actual metal by pounding price in the weeks prior to first notice day. Here’s gold daily vs delivery volume. Back in October, price dropped until the delivery day had passed, and then it rallied for a couple of months. This time the big delivery day was Wednesday. On the week, gold fell -9.46 [-0.53%]; it is is hinting at maybe putting in a low. Open interest plunged -73k contracts (or 7% of contracts outstanding). That was a big change. We’re much closer to a low than a high for gold. I think.
Prior to Thursday’s modest rally, silver had dropped 11 of 12 days, really quite awful. Is the decline over? Does Friday mark the low? Maybe. There sure were a lot of deliveries this week. And open interest [-15k, down -9%] has fallen to the lowest level in 18 months. This feels like a low should be near in silver also.
So, if babies were dying by the truckload (because – OMICRON!) the markets would be reacting quite differently. Oligarchy-owned Wall Street knows exactly what is going on – with the truth, and the narrative – and prices move accordingly. My guess: no truckloads of dying babies just based on the price action.
The economic news isn’t all that great, but neither is it world-ending. And we might be at or near a low for PM.
News That Caught My Eye
First, the “narrative” stories:
School shooting! Parents fleeing justice! OMG!
Oligarchy has always wanted to turn the armed US into the unarmed Australia. This is just self-preservation. Who wants the peasants to be armed? No Pitchforks For You! They are definitely not stupid. So “school shooting” stories get the headlines for weeks.
RUSSIA ABOUT TO INVADE UKRAINE!! – Says the always-trustworthy CIA
Russia planning massive military offensive against Ukraine involving 175,000 troops, U.S. intelligence warns
Bomber gaps, missile gaps, wars on terror – it just never ends.
ABORTION!!
Supreme Court Seems Poised to Uphold Mississippi’s Abortion Law
It sure is curious as to how this particular case made it to the Supremes, after all these years, at this moment in time. “Most divisive issue ever!”
Waukesha mass murder event memory-holed
The inconvenience of the Waukesha attack
Focus on: WAR! ABORTION! SCHOOL SHOOTING! OMICRON!! Divide and Rule.
Distract away from: Failing vaccines, failed mandates, an Antifa Brownshirt who ran amok [apparently if you engage in mass murder with a car – its no big deal], Bare Shelves, the open southern border, and a 50-year high in inflation.
The absurdity of the current OMICRON “travel-ban” narrative:
It is also a teensy bit ironic that the (allegedly) BLM-loving Oligarchy has ordered a travel ban on nations filled with Black people – some of whom have zero cases of the dreaded OMICRON – especially given that OMICRON has already arrived!
Conclusion: “The OMICRON travel bans are – almost certainly – not about OMICRON.”
Biden vaccine mandate splits US on party lines: AP-NORC poll
Vax mandates could be viewed as yet another way to “divide and rule.” Sure, a bunch of people (in both “groups”) die. But who cares! You gotta break a few eggs to make that omelette, amirite Brandon?
One in 44 U.S. children diagnosed with autism, new data suggests
Experts believe the increase in U.S. autism numbers reflects more awareness and wider availability of services.
A separate CDC report released Thursday said that children were 50 percent more likely to be diagnosed with autism by age 4 in 2018 than in 2014.
The sickcare system’s ability to diagnose Autism is literally 50% better in 2018 than it was in 2014. Yay diagnostic team!
Financial impact of an autistic child on a family: $1.4 million dollars.
AstraZeneca uncovers what’s triggering blood clots after its jab: Vaccine acts like a magnet and attracts platelets which body mistakes for a threat and attacks
Yes, but the clots are very, very, very, very very very very rare. And talking about these clots are grounds for removal from Twitter six months ago – because “misinformation.”
Millions Facing Heart-Related Illnesses Due to ‘Post-Pandemic Stress Disorder’ – Experts Warn
My prediction: PPSD incidence will increase the more boosters the Oligarchy forces us to take. Its a dose-dependent effect.
Turns out we’re seeing an old playbook. “The shots are Safe and Effective.”
I did a spreadsheet summarizing vaccine breakthroughs by age bracket using the German RKI data, over the last 4 months.
Four months ago, 26% of deaths in the key 60+ group were vaccinated. Today, 48% of the deaths are among the vaccinated. What will it look like next month? And this isn’t immune escape – it is simply a rapidly failing vaccine.
Source: the weekly reports from RKI. The table I got the values from is (roughly) around page 20-23. (content changes each month)
So what’s the response from government?
Germany locks down unvaccinated people, as leaders plan to make shots compulsory
Berlin (CNN)Germany on Thursday announced a nationwide lockdown for the unvaccinated, as its leaders backed plans for mandatory vaccinations in the coming months.
Related:
Hitler Proclaims Anyone Who Attacks Him Is Attacking Science
The vaccine gold rush and the damning ivermectin tape
This is an extraordinary excerpt from RFK’s book. Really extraordinary. A must read. Tess Lawrie is an absolute tiger. And Andy Hill – he’s just a pathetic excuse for a human being. He has been corrupted via Unitaid, which is funded by You Know Who. Tess Lawrie has the conversation on tape.
Hill’s corruption, and the sponsor of said corruption, led to millions of deaths worldwide. As Tess said in the tape – 15,000 people, per day.
I’ll leave you with Alex Berenson’s substack post that I found really compelling:
How to open the eyes of anyone who still thinks Covid vaccines are working as promised
He gives you one question to ask the “40% in the middle.” I don’t want to spoil the surprise. But it is good.
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