JAN 22/GOLD CLOSED UP ANOTHER $15.15 TO $2758.95//SILVER CLOSED UP $0.08 TO $30.89//PLATINUM CLOSED UP $7.25 TO $953.85 WHILE PALLADIUM CLOSED UP ANOTHER $20.60 TO $989.60//GOLD COMMENTARY TONIGHT FROM JOHN RUBINO//ANOTHER TERROR INCIDENT IN TEL AVIV//MORE UPDATES ON ISRAEL VS HAMAS CEASEFIRE//ISRAEL ON THE OFFENSIVE IN THE WEST BANK//HOUTHIS ANNOUNCES THAT IT WILL NOT FIRE MISSILES AT ISRAEL WITH THE CEASEFIRE STILL IN EFFECT//COVID UPDATES/VACCINE INJURY REPORTS/SLAY NEWS ETC//ECONOMIC PLIGHT OF IRAN ON DISPLAY//TRUMP CONTINUES WITH HIS PLAYBOOK ON THE BORDER //NORTH AMERICA GOES INTO A DEEP FREEZE: SO MUCH FOR GLOBAL WARMING//SWAMP STORIES FOR YOU TONIGHT//
072 C GOLDMAN 8 152 C DORMAN TRADING 1 167 C MAREX 325 323 C HSBC 820 363 H WELLS FARGO SEC 298 435 H SCOTIA CAPITAL 252 523 C INTERACTIVE BRO 2 624 H BOFA SECURITIES 146 661 C JP MORGAN 9 686 C STONEX FINANCIA 13 15 709 C BARCLAYS 462 737 C ADVANTAGE 21 28 905 C ADM 24
TOTAL: 1,212 1,212 MONTH TO DATE: 13,876
JPMorgan stopped (received) 9/1212 contracts
GOLD: NUMBER OF NOTICES FILED FOR JANUARY/2024. CONTRACT: 1212 NOTICES FOR 121,200 OZ 3.769 TONNES
total notices so far: 13,826 contracts for 1,382,600 Oz (43.160 tonnes)
FOR JANUARY
SILVER NOTICES: 170 NOTICE(S) FILED FOR 850,000 OZ/
total number of notices filed so far this month : 2,062 for 10.310 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $15.15 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
MEGA HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 7.46 TONNES OF GOLD FROM THE GLD./
INVENTORY RESTS AT 871.66 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP 8 CENTS AT THE SLV: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 728,000 OZ INTO THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 464.043 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUMONGOUS SIZED4223CONTRACTS TO 159,899 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUMONGOUS SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR LOSS OF $0,09 IN SILVER PRICING AT THE COMEX WITH RESPECT TO TUESDAY’S TRADING. WE HAD A HUGE GAIN OF 4763 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS IN PRICE//TUESDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON TUESDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 2 WEEKS WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS. THEY FAILED MISERABLY WITH TUESDAY’S SMALL PRICING LOSS WITH ZERO LONGS BEING KNOCKED OFF. DERIVATIVE LOSSES CONTINUE TO MOUNT. WE HAD CONSIDERABLE T.A.S. LIQUIDATION TUESDAY COUPLED WITH ANOTHER NEW STRONG T.A.S. ISSUANCE OF 783 CONTRACTS ISSUED BY THE CME AND THAT SIGNALS RED THAT THE CROOKS ARE DESPERATE TO STOP SILVER BREAKING OVER THE 34.00 DOLLAR MARK. THE FRONT MONTH OF FEB HAS A HUGE $1.25 CONTANGO TO SPOT AS THE CROOKS NEED TO PAY A HUGE PRICE AS A SHORT (AND THUS SUPPLIER TO OUR PATIENT WAITING LONGS) THIS UPCOMING FEB CONTRACT MONTH. WE HAD A STRONG 540 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR 783 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A MEGA HUGE SIZED 4763 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT TUESDAY’S COMEX SESSION
PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN WITH YESTERDAY’S FAILED RAID.
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON TUESDAY NIGHT: A STRONG 783 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS ESPECIALLY WITH OUR RAID ON JANUARY 13. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.09BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SILVER LONGS FROM THEIR PERCH AS WE HAD A MEGA HUMONGOUS GAIN IN OUR TWO EXCHANGES OF 4763 CONTRACTS.
WE HAD A 540 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 8.110 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 540,000 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 10.555 MILLION OZ
// STANDING FOR SILVER//JAN 10.555 MILLION OZ
WE HAD:
/ MEGA HUMONGOUS SIZED COMEX OI GAIN +// A STRONG 540 SIZED EFP ISSUANCE/ VI) STRONG SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 783 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 109 CONTRACTS.
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 13 DAYS, total 8269 contracts: OR 41.345 MILLION OZ (591 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 41.345 MILLION OZ
LAST 24 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
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 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
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)
AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )
NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)
DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ
YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ
JANUARY 2025: 41.345 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
RESULT: WE HAD A MEGA HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4223 CONTRACTS DESPITE OUR LOSS IN PRICE OF SILVER PRICING AT THE COMEX/TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A 540 EFP ISSUANCE CONTRACTS: 540 ISSUED FOR MARCH 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 DEC OF 8.110 MILLION OZ ON FIRST DAY NOTICE,FOLLOWED BY TODAY’S QUEUE JUMP OF 540,000 OZ
//NEW TOTAL STANDING FOR JAN ADVANCES TO 10.555 MILLION OZ
WE HAVE 1. A MEGA HUMONGOUS SIZED GAIN OF 4763 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG 783 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE TUESDAY COMEX SESSION BUT THEY STILL NEED THESE ISSUANCE FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON TUESDAY WITH THE GAIN IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE TUESDAY NIGHT (783) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 170 NOTICE(S) FILED TODAY FOR 850,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUGE SIZED 14,743 OI CONTRACTS TO 571,387 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.)
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A SMALL SIZED 465 CONTRACTS//
WE HAD A HUMONGOUS SIZED INCREASE IN COMEX OI (14,743 CONTRACTS) OCCURRED WITH OUR GAIN OF $38.80 IN PRICE TUESDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 10.1331 TONNES FOLLOWED BY TODAY’S MONSTER QUEUE JUMP OF 1164 CONTRACTS OR 116,400 OZ TO WHICH WE ADD THE FIRST ISSUANCE FOR EXCHANGE FOR RISK CONTRACTS TOTALLING 1700 CONTRACTS OR 170,000 OZ (5.28775 TONNES) ISSUED JAN 6/2025 TO WHICH WE ADD JAN 8 EXCHANGE FOR RISK ISSUANCE OF 150 CONTRACTS OR 15,000 OZ OR .4665 TONNES THEN LAST WEEK’S ISSUANCE OF 85 CONTRACTS//8500 OZ OR .2644 TONNES. THEN FINALLY LAST NIGHT’S (JAN 22) ISSUANCE OF 5000 CONTRACTS FOR 5 MILLION OZ//NEW STANDING FOR JAN ADVANCES TO 44.271 TONNES (NORMAL DELIVERY) +21.579 TOTAL EXCHANGE FOR RISK ISSUANCE = 65.85 TONNES
/NEW STANDING 65.85 TONNES
/ ALL OF THIS HAPPENED WITH OUR $38.80 GAIN IN PRICE WITH RESPECT TO MONDAY’S COMEX ///. WE HAD A STRONG GAIN OF 20,402 OI CONTRACTS (63.45 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK. THE HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE LAST WEEK, AND THROUGHOUT THE WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! YOU CAN VISUALIZE THIS WITH THE VIOLENT ACTION AT THE COMEX WITH RESPECT TO QUEUE JUMPING AND EXCHANGE FOR RISK ISSUANCES ON 4 OCCASIONS .
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 5659 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 571,387
IN ESSENCE WE HAVE A MEGA HUMONGOUS SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 20,402 CONTRACTS WITH 14,743 CONTRACTS INCREASED AT THE COMEX// AND A HUGE SIZED 5659 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 20,402 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 1612 CONTRACTS ISSUED.LAST WEDNESDAY WE WITNESSED THE END OF 5TH CONSECUTIVE 30,000+ T.A.S CONTRACT ISSUED BY THE CME.)
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (5659 CONTRACTS) ACCOMPANYING THE HUMONGOUS SIZED INCREASE IN COMEX OI OF 14,743 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 20,402 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR JAN 10.1331 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 1164 CONTRACTS OR 116,400 OZ (3.620 TONNES) TO WHICH WE ADD THAT CRAZY “DELIVERY” CALLED EXCHANGE FOR RISK ON 4 OCCASIONS THIS MONTH FOR 21.579 TONNES OF GOLD.
NEW STANDING FOR JAN ADVANCES TO:
44.271TONNES NORMAL DELIVERY +
21.579 TONNES OF EXCHANGE FOR RISK ON OUR FOUR OCCASIONS IN JANUARY (6TH 8TH,17TH, 22ND)
EQUALS: 65.85 TONNES
//NEW STANDING JAN: 65.85 TONNES WHICH I BELIEVE IS THE HIGHEST EVER GOLD STANDING FOR A JANUARY DELIVERY MONTH.
/ 3) HUGE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE FRIDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $38.80 PRICE GAIN, WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A HUGE TOTAL GAIN OF CONTRACTS ON OUR TWO EXCHANGES (20,867 CONTRACTS). ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL.
4) MEGA HUGE SIZED COMEX OPEN INTEREST INCREASE 5) HUMONGOUS ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 1612 T.A.S.CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
JAN
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN :
TOTAL EFP CONTRACTS ISSUED: 58,948 CONTRACTS OF 5,894,800 OZ OR 183.35 TONNES IN 13 TRADING DAY(S) AND THUS AVERAGING: 4534 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 13 TRADING DAY(S) IN TONNES 183.35 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 183.55 DIVIDED BY 3550 x 100% TONNES = 5.17% OF GLOBAL ANNUAL PRODUCTION
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//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( 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/SECOND HIGHEST ON RECORD
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
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
JAN. 2025: 183.55 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH AND MUCH LOWER THAN LAST MONTH)
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 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 NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
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 (OCT), 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.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A HUMONGOUS SIZED 4223 CONTRACTS OI TO 159,899 AND CLOSER TO THE 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 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 540 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 540 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 540 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 4223 CONTRACTS AND ADD TO THE 540 E.FP. ISSUED
WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 4763 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS A HUGE 23.815 MILLION OZ OCCURRED DESPITE OUR $0.09 LOSS IN PRICE
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS WEDNESDAY MORNING TUESDAY NIGHT
SHANGHAI CLOSED DOWN 29.00 OR 0.89%
//Hang Seng CLOSED DOWN 327.78 PTS OR 1.63%
// Nikkei CLOSED UP 618/27 OR 1/58%//Australia’s all ordinaries CLOSED UP 0.32%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2160 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2721// Oil DOWN TO 75.89 dollars per barrel for WTI and BRENT DOWN AT 79.24 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING A
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
ASIA TRADING WEDNESDAY MORNING/TUESDAY NIGHT
SHANGHAI CLOSED UP 5.79 PTS OR 0.18%
//Hang Seng CLOSED UP 61.17 PTS OR 0.31%
// Nikkei CLOSED DOWN 121.14 OR 0.31%//Australia’s all ordinaries CLOSED DOWN 0.20%%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.3289 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3558// Oil DOWN TO 78.25 dollars per barrel for WTI and BRENT DOWN AT 81.08 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING A
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A HUGE SIZED14,743 CONTRACTS TO 571,387 WITH OUR STRONG GAIN IN PRICE OF $38.80 WITH RESPECT TO TUESDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR HUGE PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (5659) . THE CME ANNOUNCED ANOTHER MONSTER 5000 EXCHANGE FOR RISK CONTRACTS TUESDAY NIGHT// WEDNESDAY MORNING FOR 5,000,000 OZ OR 15.552 TONNES. THIS IS BY FAR THE HIGHEST EVER TONNAGE ISSUED FOR EXCHANGE FOR RISK.
THUS IN TOTAL WE HAD A HUMONGOUS GAIN ON OUR TWO EXCHANGES OF 20,402 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON TUESDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED TRADING /RAID AS THEY ABSORBED EVERYTHING IN SIGHT FROM THE DAILY ATTACKS WITH THE CONTINUAL LIQUIDATION OF T.A.S. CONTRACTS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THIS MONTH CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY THIS ENTIRE PAST WEEK WITH OUR MAMMOTH T.A.S. ISSUANCES. WE HAD A HUGE T.A.S. LIQUIDATION DURING LAST THURSDAY COMEX SESSION WHERE WE FINISHED WITH OUR 5 CONSECUTIVE HUGE 30,000+ ISSUANCES. TODAY THEY ISSUED STRONG 1612 CONTRACT ANNOUNCEMENT (TUESDAY NIGHT/WEDNESDAY MORNING).
THE FED IS THE MAJOR SHORT OF AROUND 82+ TONNES OF GOLD OWING TO THE B.I.S. THE FED NEEDS TO COVER AS THEY ARE VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES ONCE THE BRICS BEGIN THEIR INITIATIVE AND ABANDON THE US DOLLAR. THIS WAS SCHEDULED TO HAPPEN LATE OCT 2024/(AS OUTLINED IN OUR GOLD PHYSICAL COMMENTARIES//VIEW ANDREW MAGUIRE LATEST LIVE FROM VAULT PODCAST FRIDAY’S 197 , 199, 2001, 202, 203 , 204 ,205 AND 206 AS HE TACKLES THIS IMPORTANT TOPIC). THE FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE THESE PAST TWO MONTHS. THEY ARE TOTALLY TRAPPED., AND THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY!IT SURE LOOKS LIKE THE BIS HAS GIVEN THE FED ITS MARCHING ORDERS TO COVER ITS PHYSICAL GOLD SHORT AS TRUMP CAME INTO OFFICE MONDAY NOON. TRUMP IS PROBABLY BE FURIOUS WITH THE FED IF IT FINDS OUT THAT THEY (FRBNY) HAS BEEN MANIPULATING THE GOLD MARKET FOR THE PAST TWO YEARS.
OUR PHYSICAL LONDONERS BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT ANY PRICE AND THIS GOLD BOUGHT WILL BE TENDERED FOR PHYSICAL ON A T + 1 BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD MUST BE DELIVERED IN A VERY TIMELY ONE DAY. CENTRAL BANKS AROUND THE WORLD, BEING REPRESENTED BY OUR LONDONERS, ARE THE REAL PURCHASERS OF THIS GOLD.
THE PROBLEM FOR THOSE PROVIDING THE SHORT PAPER IS THE SHOCK TO THEM ON RECEIVING NOTICE THAT THE LONGS WANT THE PHYSICAL GOLD AS THEY TENDER FOR THAT SHINY YELLOW METAL. THE HIGH LIQUIDATION OF THE SPREADERS // T.A.S DURING THE LAST WEEK OF DECEMBER AND THEN THIS WEEK, IS SURELY DISTORTING COMEX OPEN INTEREST BUT THAT DOES NOT STOP LONDON’S ACCUMULATION OF PHYSICAL! YOU CAN ALSO VISUALIZE THAT PERFECTLY WITH THE HUGE AMOUNTS OF QUEUE JUMPING ORCHESTRATED BY CENTRAL BANKERS BOLTING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR THE PLANET LOOKING FOR GOLD. AS YOU WILL SEE BELOW, WE HAD ANOTHER HUGE QUEUE JUMPING SESSION TODAY.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW DEEP INTO THE NON ACTIVE DELIVERY MONTH OF JANUARY.… THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A HUGE SIZED 5659 EFP CONTRACTS WERE ISSUED: : /FEB 5659 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 5659 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A HUMONGOUS SIZED TOTAL OF 20,402 CONTRACTS IN THAT 5659 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A HUGE SIZED GAIN OF 14,743 COMEX CONTRACTS..AND THIS HUMONGOUS GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR MONSTER GAIN IN PRICE OF $38.80 TUESDAY// COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED ABOVE.
T.A.S. ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR TUESDAY NIGHT/WEDNESDAY MORNING WAS A STRONG SIZED SIZED 1612 CONTRACTS, AS AGAIN, THE FED(FRBNY) CALLED FOR THE FED-MOBILE TO BE USED TO ORCHESTRATE ANOTHER RAID BEFORE THE TRUMP-MOBILE TAKES OFFICE. ON MONDAY. ALMOST ALL OF THE TRADING AND SUPPLY OF CONTRACTS HAVE BEEN ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK). AS PER THEIR MEGA 5 DAY ISSUANCE OF T.A.S LAST WEEK, THE FED WAS EXPERIMENTING WITH EINSTEIN’S DEFINITION OF INSANITY….TRYING TO DO THE SAME THING OVER AND OVER AGAIN HOPING FOR A DIFFERENT RESULT. HIS DEFINITION STILL STANDS.. THE CROOKS ACCOMPLISHED NOTHING AS NOBODY LEFT OUR GOLD METAL ARENA WITH FRIDAY’S RAID. NO RAID WAS ATTEMPTED TUESDAY NIGHT AS GOLD CONTINUES TO ADVANCE.
MECHANICS OF T.A.S CONTRACTS
THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS CONTINUE TO SELL OFF THE LONG SIDE OF THE SPREAD (T.A.S.) WHICH OF COURSE CONTINUES TO MANIPULATE THE PRICE OF GOLD SOUTHBOUND. (THEY KEEP THE SHORT SIDE OF THE CALENDAR/T.A.S. SPREAD WHICH WILL BE LIQUIDATED IN DAYS HENCE//. IT SEEMS THAT OUR CROOKS ORCHESTRATED, ON DEC. 27, THEIR HUGE RAID TO LOWER THE PRICE OF GOLD TO MAKE THEIR COMEX BETS WHOLE ON OPTIONS EXPIRY WEEK AND THUS THE NEED FOR CONTINUAL STRONG T.A.S. ISSUANCE AND THEN LIQUIDATION. THIS WAS COUPLED WITH THE LIQUIDATION OF CALENDAR SPREADERS . THE USE OF OUR TWO SPREADER MECHANISMS WERE OF EXTREME IMPORTANCE TO OUR CROOKS IN LATE DECEMBER’S OPTIONS EXPIRY TRADING. T.A.S. LIQUIDATION WAS EVIDENT IN JAN 6 COMEX TRADING//RAID AND THEN AGAIN WITH TUESDAY’S FAILED ATTEMPT AT A RAID ON GOLD PRICE. HOWEVER NOT TO BE UNDONE, THE CROOKS ISSUED ANOTHER MONSTER 39,913 T.A.S CONTRACTS WEDNESDAY MORNING. THIS WAS THE FIFTH CONSECUTIVE 30,000+ CONTRACT ISSUANCE. ALL OF THESE T.A.S. ISSUANCES WERE USED TO THWART GOLD TRADING ESPECIALLY BEFORE TRUMP’S INAUGURATION AS THE FED MUST REDUCE ITS MASSIVE PHYSICAL GOLD SHORT OF 82 TONNES. WE HAD CONSIDERABLE T.A.S. LIQUIDATION WITH RESPECT TO LAST WEEK’S COMEX TRADING. (WHICH DISTORTS OPEN INTEREST)
STANDING FOR GOLD FOR THE PAST 4 PLUS YEARS:
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JAN (65.85 TONNES) WHICH IS HUGE FOR OUR NON ACTIVE JAN DELIVERY MONTH AND I BELIEVE THE HIGHEST STANDING FOR GOLD EVER RECORDED FOR A JANUARY.
JANUARY: 10.1331 TONNES
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 50 MONTHS OF 2021-2024:
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
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
January 2025: 44.271 TONNES + 21.579 EXCHANGE FOR RISK= 65.85 TONNES
COMEX GOLD TRADING
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $38.80)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A HUMONGOUS GAIN IN OUR TWO EXCHANGES. AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION TUESDAY AS THEY WERE TRYING TO QUELL GOLD’S RISE AND HUGE COMEX/OTC DERIVATIVE LOSSES BUT TO NO AVAIL.
THE CROOKS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL TUESDAY EVENING.
EXCHANGE FOR RISK EXPLANATION/DECEMBER AND JANUARYTRADING
DECEMBER
47 DAYS AGO, FRIDAY NIGHT (EARLY SATURDAY MORNING NOV 30) THE CME ANNOUNCED ANOTHER OF THOSE CRAZY DELIVERIES: THE ISSUANCE OF 250 EXCHANGE FOR RISK CONTRACTS WHICH TOTAL 25000 OZ (.7776 TONNES. HERE THE BUYER ASSUMES THE RISK THAT HE WILL BE DELIVERED UPON IN PHYSICAL METAL. THIS IS ABSOLUTELY INSANE AND A HUGE VIOLATION OF THE TRUE DISCOVERY PRICE MECHANISM WHICH IS THE COMEX MANTRA!. AND THEN GUESS WHAT? THE CME ANNOUNCED ANOTHER EXCHANGE FOR RISK, LATE TUESDAY EVENING/ EARLY WEDNESDAY MORNING, (DEC 5) OF 617 CONTRACTS FOR 61,700 OZ OR GOLD (1.919 TONNES). THEN MUCH TO MY ANGER, THE CME ANNOUNCED A THIRD ISSUANCE FRIDAY NIGHT DEC 7 FOR A MONSTROUS 2254 EXCHANGE FOR RISK CONTRACTS OR 225,400 OZ OR 7.0108 TONNES. NOT TO BE UNDONE, THE CROOKS CONTINUED WITH THEIR NONSENSE WITH ANOTHER 50 CONTRACT EXCHANGE FOR RISK THE MORNING OF DEC 12 FOR 5000 OZ OR .1555 TONNES. AND THIS BRINGS US TO THIS EARLY FRIDAY MORNING (DEC 13) WHERE I WAS SHOCKED TO SEE FOR THE FIFTH TIME THIS MONTH AN ENTRY FOR 250 CONTRACTS OF EXCHANGE FOR RISK FOR 25000 OZ OR .7776 TONNES.THUS ALL FIVE OF THESE ISSUANCES WILL BE ADDED TO THE TOTAL GOLD BEING “DELIVERED UPON”. THIS BRINGS US TO EARLY SATURDAY MORNING DEC 21 WHERE TO MY SHOCK AGAIN WE HAD OUR 6TH ISSUANCE OF EXCHANGE FOR RISK TOTALLING 1300 CONTRACTS FOR AN ASTOUNDING 4.043 TONNES. THIS BRINGS THE TOTAL ISSUANCE FOR THE MONTH OF DEC TO 14.6836 TONNES. THE COMEX IS TOTALLY SHATTERED TO PIECES.
EXCHANGE FOR RISK THIS JANUARY MONTH
WE NOW BEGIN OUR NEW MONTH OF JANUARY AND LO AND BEHOLD, THE CROOKS ISSUED THEIR FIRST ISSUANCE A MONSTER 1700 CONTRACTS FOR EXCHANGE FOR RISK TOTALLING 170,000 OZ OR 5.28775 TONNES ON MONDAY JAN 6/2025. THEN TO MY HORROR, THEY ISSUED THEIR SECOND EXCHANGE FOR RISK ON JAN 8, TOTALLING 150 CONTRACTS FOR 15000 OZ OR .4665 TONNES. THIS TONNAGE WILL BE ADDED TO THE FIRST ISSUANCE. THUS TOTAL EXCHANGE FOR RISK ISSUANCE FOR JANUARY: 5.7533 TONNES. THEN MERCILESSLY THEY CONSUMMATED FOR THE THIRD TIME THIS MONTH 85 EXCHANGE FOR RISK LAST THURSDAY NIGHT (JAN 17) FOR 8500 OZ OR .2649 TONNES OF GOLD. THEN TO MY HORROR THEY ISSUED THEIR 4TH EXCHANGE FOR RISK THIS MONTH (JAN 22) FOR A MONSTER 5000 CONTRACTS OR 5,000,000 OZ.(15.562 TONNES) REMEMBER THAT THE BUYER ASSUMES THE RISK THAT HE WILL BE DELIVERED UPON WHICH IS TOTALLY ASININE!!
TOTAL DELIVERIES JANUARY TRADING
WE HAVE GAINED A STRONG TOTAL OF 63.45 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JAN (10.133TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S MONSTER QUEUE JUMP OF 1164 CONTRACTS OR 116,400 OZ (3.620 TONNES) TO WHICH WE MUST ADD OUR 15.562 TONNES OF EXCHANGE FOR RISK ISSUANCE TO OUR PREVIOUS 6.0177 TONNES WHERE THE BUYERS ASSUMES THE RISK FOR DELIVERY.(ISSUED JAN 6/2025, JAN 8, AND JAN 17 AND NOW JAN 22)..NEW TOTALS FOR EXCHANGE FOR RISK = 21.579 TONNES THIS IS ,OF COURSE, AGAINST ALL RULES OF THE COMEX FORMULATED AT ITS CONCEPTION IN 1974 AS IT IS TOTALLY INSANE FOR A BUYER TO ASSUME RISK OF DELIVERY.
NEW STANDING FOR JAN: 44.271TONNES + 21.579 TONNES EX FOR RISK = 65.85 TONNES (WHICH IS HUGE FOR OUR VERY NON ACTIVE DELIVERY MONTH) A NORMAL AMOUNT STANDING FOR A JANUARY IN EARLIER TIMES HAS BEEN GENERALLY AROUND 1/4 TONNE OF GOLD. HOWEVER THESE PAST 4 YEARS QUEUE JUMPING HAS BEEN VERY PRONOUNCED AND THUS STANDING INCREASES DRAMATICALLY.
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR GAIN IN PRICE TO THE TUNE OF $38.80
WE HAD 465 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL
NET GAIN ON THE TWO EXCHANGES 20,402 CONTRACTS OR 2,040,200 OZ (63.45 TONNES)
confirmed volume TUESDAY 367,795 contracts: strong ////nobody wishes to play with the crooks
i) Into Ashai 96,531.015 oz ii) Into Brinks: 222,935.048 oz (6934 kilobars) iii) Into JPMorgan: 353,661.000 oz (11,000 kilobars) iv) Into Loomis 48,001.443 oz (1493 kilobars) vi) Into Malca 32,151.000 oz (1000 kilobars)
total weight entering eligible: 753,279.506 oz or 23.92 tonnes of gold.
No of oz served (contracts) today
1212 notice(s) 121,200 OZ 3.769 TONNES
No of oz to be served (notices)
357 contracts 35700 OZ 1.11 TONNES
Total monthly oz gold served (contracts) so far this month
13,876 notices 1,387,600 oz 43.160 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
x
dealer deposits: 0
we have 6 customer deposits
i) Into Ashai 96,531.015 oz ii) Into Brinks: 222,935.048 oz (6934 kilobars) iii) Into JPMorgan: 353,661.000 oz (11,000 kilobars) iv) Into Loomis 48,001.443 oz (1493 kilobars) vi) Into Malca 32,151.000 oz (1000 kilobars)
total weight entering eligible: 753,279.506 oz or 23.92 tonnes of gold.
withdrawals: 1
1) Out of Loomis:
760,653.700 oz
adjustments:7/customer to dealer
i) Out of ASAHI 32,696.610 oz 1017 kilobars ii) Out of JPMorgan 7716,2400 oz(240 kilobars)
iii) Out of Brinks 32,118.849 oz (999 kilobars)
iv) Out of Delaware 5996.154 oz
v) Out of Loomis 1543.248 48 kilobars
vi) Out of Malca: 169,564.374 oz
vii) Out of Manfra 48,226.500 oz (1500 kilobars)
total customer to dealer: 297,859 oz or 9.26 tonnes
thus basically what comes into eligible is transferred to dealer accounts and then out.
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JAN.
For the front month of JAN: we have an oi of 1569 contracts having GAINED 308 contracts. We had a strong 856 contract issuance on TUESDAY. Thus ANOTHER MEGA HUGE QUEUE JUMP (GAIN) of 1164 contracts on our two exchanges. (116400 oz or 3.620tonnes). THIS IS CENTRAL BANKERS STANDING FOR PHYSICAL GOLD WITH LONDON VAULTS DRAMATICALLY RUNNING OUT OF PHYSICAL TO SUPPLY THEM.
FEBRUARY SURPRISINLY LOST A SMALL 5962 CONTRACTS TO 272,676 AS IT BEGINS ITS COUNTDOWN BEFORE FIRST DAY NOTICE (JAN 31.2025) EXPECT A MEGA WOPPER OF A FEB DELIVERY MONTH AS THE FRONT MONTH IS NOT DECLINING MUCH.
MARCH HAD A GAIN OF 157 CONTRACTS UP TO 6597
APRIL HAD A GAIN OF 16,260 CONTRACTS UP TO 210,271CONTRACTS
We had 1212 contracts filed for today representing 121,200 oz
This is a huge major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 1212 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 9 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JAN /2025. contract month, we take the total number of notices filed so far for the month (13,876x 100 oz ) to which we add the difference between the open interest for the front month of JAN(1569 CONTRACTS) minus the number of notices served upon today (1212 x 100 oz per contract) equals 1,423,,300 OZ OR 44.271 TONNES. to which we add those criminal exchange for risk issuance of .4665 TONNES (JAN 8) AND 5.28775 tonnes/JAN 6//TOTAL EXCHANGE FOR RISK TO JAN 17’S ISSUANCE OF .2644 TONNES = 6.0177 TONNES TO WHICH WE ADD TODAY’S MONSTER 15.562 TONNES ISSUANCE//NEW EX FOR RISK = 21.579 TONNES. THUS NEW STANDING FOR GOLD AT THE COMEX FOR JAN IS 44.271 TONNES PLUS 21.579 TONNES EX FOR RISK = 65.85 TONNES
thus the INITIAL standings for gold for the JAN contract month: No of notices filed so far (13,876 x 100 oz +we add the difference for front month of JAN (1569 OI} minus the number of notices served upon today (1212 x 100 oz which equals 1,423,300 oz (44.271 TONNES) + 21.579 TONNES = 65.85 TONNES
TOTAL COMEX GOLD STANDING FOR JAN.: 65.85 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR AND I BELIEVE THE HIGHEST EVER RECORDED FOR A JANUARY.
total pledged gold: 2,081,814.011 oz 64.753 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 25,877,821.426 OZ
TOTAL REGISTERED GOLD 11,632,792.369 or 361.828 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 14,245,029.059 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 9,550978 oz (REG GOLD- PLEDGED GOLD)= 297.08 tonnes //
JPMorgan enhanced inventory is 3.511 million oz
END
SILVER/COMEX
JAN 21. 2025
INITIAL
//2025// THE JAN 2025 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
a) Brinks 497,048.340 oz b) CNT 10,254.970 oz c) Delaware 991.700 oz d) HSBC 50,577.710.oz
total 558,872.710 oz
1020.910 oz Brinks 79,733.839 oz Delaware
total withdrawal 80,754.739 oz
Deposits to the Dealer Inventory
nil
Deposits to the Customer Inventory
i) Into JPMorgan 580,939.800 oz ii) Into Loomis: 2917.830 390 oz iii) Into Manfra 196,331.008 oz
total 3,693,101.198 oz
No of oz served today (contracts)
170 CONTRACT(S) (850,000 OZ)
No of oz to be served (notices)
49 contracts (0.245 MILLION oz)
Total monthly oz silver served (contracts)
2062 Contracts (10.310 million 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 deposit : nil oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:3
i) Into JPMorgan 580,939.800 oz ii) Into Loomis: 2917.830 390 oz iii) Into Manfra 196,331.008 oz
total 3,693,101.198 oz
WITHDRAWALS 2
1020.910 oz Brinks 79,733.839 oz Delaware
total withdrawal 80,754.739 oz
total 80,754.739 oz
ADJUSTMENT 2
1/ customer to dealer: Manfra 199,654.905 oz
2. addition to eligible Brinks 1,739,423.100 oz
JPMorgan has a total silver weight: 138.442million oz/339.669million or 40.62%
TOTAL REGISTERED SILVER: 73.835 MILLION OZ//.TOTAL REG + ELIGIBLE. 339.669 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JANUARY
silver open interest data:
FRONT MONTH OF JAN /2024 OI: 219 OPEN INTEREST FOR A GAIN OF 108 CONTRACT(S).
WE HAD A 0 CONTRACT ISSUANCE ON FRIDAY. THUS WE GAINED 108 CONTRACTS, THAT IS WE HAD A HUGE 108 CONTRACT QUEUE JUMP FOR 540,000 OZ
FEBRUARY SAW A GAIN 0F 275 CONTRACTS TO STAND AT 1404
MARCH SAW A GAIN OF 2534 CONTRACTS UP TO 119,762. THE FRONT ACTIVE DELIVERY MONTH OF MARCH ALSO IS NOT DECLINGING MUCH AND WE SHOULD ALSO HAVE A HUMDINGER OF A DELIVERY MONTH FOR MARCH.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 170 for 850,000 oz
CONFIRMED volume; ON TUESDAY 76,971 good//
To calculate the number of silver ounces that will stand for delivery in JAN we take the total number of notices filed for the month so far at 2062x 5,000 oz = 10.310 MILLION oz
to which we add the difference between the open interest for the front month of JAN (219) and the number of notices served upon today (170)x (5000 oz)
Thus the standings for silver for the JAN 2025 contract month: 2062 Notices served so far) x 5000 oz + OI for the front month of JAN(219)minus number of notices served upon today (170)x 5000 oz equals silver standing for the JAN contract month equating to 10.555 MILLION OZ.
New total standing: 10.555 million oz.
There are 73.636 million oz of registered silver.
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.
Now that we have surpassed $28.40 the next big line in the sand for silver is $34.76. After that the moon
END
BOTH GLD AND SLV ARE MASSIVE FRAUDS!
GLD AND SLV INVENTORY LEVELS/
JAN 22 WITH GOLD UP $15.15 ON THE DAY; MEGA HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 7.46 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 871.66 TONNES
JAN 21 WITH GOLD UP $35.30 ON THE DAY; MEGA HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE DEPOSIT OF 10.34 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 879.12 TONNES
/JAN 17 WITH GOLD DOWN $9.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.74 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 868.78 TONNES
JAN 16 WITH GOLD UP $24.10 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 872.52 TONNES
JAN 15 WITH GOLD UP $24.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD::A WITHDRAWAL OF 2.01 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 872.52 TONNES
JAN 14 WITH GOLD UP $9.40 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD::A WITHDRAWAL OF 2.29 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 874.53 TONNES
JAN 13 WITH GOLD DOWN $27.75 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD::A DEPOSIT OF 5.74 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 876.82 TONNES
JAN 10 WITH GOLD UP $17.80 ON THE DAY; NO CHANGES IN GOLD AT THE GLD::A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 871.08 TONNES
JAN 9 WITH GOLD UP $13.85 ON THE DAY; NO CHANGES IN GOLD AT THE GLD::A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 871.08 TONNES
JAN 8 WITH GOLD UP $5.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD::A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD ///INVENTORY RESTS AT 871.08 TONNES
JAN 7 WITH GOLD DOWN $14.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
JAN 6 WITH GOLD DOWN $4.90 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
JAN 3 WITH GOLD DOWN $14.00 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
JAN 2 WITH GOLD UP $29.40 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
DEC 31 WITH GOLD UP $20.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:: ///INVENTORY RESTS AT 872.52 TONNES
DEC 30 WITH GOLD DOWN $11.95 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.28 TONNES OF GOLD FROM THE GLD : ///INVENTORY RESTS AT 872.52 TONNES
DEC 27 WITH GOLD DOWN $17.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD : ///INVENTORY RESTS AT 872.80 TONNES
DEC 26 WITH GOLD UP $17.55 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: : ///INVENTORY RESTS AT 873.95 TONNES
DEC 24 WITH GOLD UP $6.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.45 TONNES OF GOLD OUT OF THE GLD. / // : .///INVENTORY RESTS AT 873.95 TONNES
DEC 23 WITH GOLD DOWN $13,75 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 16.66 TONNES OF GOLD VAPOUR GOLD INTO THE GLD. / // : .///INVENTORY RESTS AT 877.40 TONNES
DEC 20 WITH GOLD UP $29,75 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.16 TONNES OF GOLD FROM THE GLD. / // : .///INVENTORY RESTS AT 860.74 TONNES
DEC 19 WITH GOLD DOWN $45.00 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF .29 TONNES OF GOLD FROM THE GLD. / // : .///INVENTORY RESTS AT 863.90 TONNES
DEC 18 WITH GOLD DOWN $8.40 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: / // : .///INVENTORY RESTS AT 864.19 TONNES
DEC 17 WITH GOLD DOWN $6.85 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.23 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 864.19 TONNES
DEC 16 WITH GOLD DOWN $2.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.70 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 863.90 TONNES
DEC 13 WITH GOLD DOWN $24.55 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.78 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 868.60 TONNES
DEC 12 WITH GOLD DOWN $34.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.59 TONNES INTO THE GLD / // : .///INVENTORY RESTS AT 873.38 TONNES
DEC 11 WITH GOLD UP $29.75 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: // : .///INVENTORY RESTS AT 870.79 TONNES
DEC 9 WITH GOLD UP $31.10 ON THE DAY; NO CHANGES IN GOLD AT THE GLD. // : .///INVENTORY RESTS AT 871.94 TONNES
GLD INVENTORY: 871.66 TONNES, TONIGHTS TOTAL
SILVER
JAN 22 WITH SILVER UP $.08 //SMALL CHANGES IN SILVER INVENTORY AT THE SLV : A DEPOSIT OF 0.721 MILLION OZ INTO THE SLV./. //INVENTORY AT SLV RESTS AT 464.043 MILLION OZ
JAN 21 WITH SILVER DOWN $.09 //NO CHANGES IN SILVER INVENTORY AT THE SLV : A WITHDRAWAL OF 1.568 MILLION OZ FROM THE SLV./. //INVENTORY AT SLV RESTS AT 463.315 MILLION OZ
JAN 17 WITH SILVER DOWN $.49 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A WITHDRAWAL OF 1.568 MILLION OZ FROM THE SLV./. //INVENTORY AT SLV RESTS AT 463.315 MILLION OZ
JAN 16 WITH SILVER UP $0.23 //NO CHANGES IN SILVER INVENTORY AT THE SLV: //INVENTORY AT SLV RESTS AT 464.863 MILLION OZ
JAN 15 WITH SILVER UP $0.79 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.745 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 464.863 MILLION OZ
JAN 14 WITH SILVER UP $0.15 //SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.228 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 460.218 MILLION OZ
JAN 13 WITH SILVER DOWN $0.69 //NO CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.637 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 459.990 MILLION OZ
JAN 10 WITH SILVER UP $0.19 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.484 MILLION OZ OUT OF THE SLV//INVENTORY AT SLV RESTS AT 459,353 MILLION OZ
JAN 9 WITH SILVER UP $0.08 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.484 MILLION OZ OUT OF THE SLV//INVENTORY AT SLV RESTS AT 459,353 MILLION OZ
JAN 8 WITH SILVER DOWN $0.01 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.484 MILLION OZ OUT OF THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 7 WITH SILVER UP 48 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.709 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 6 WITH SILVER UP 38 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.709 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 3 WITH SILVER UP 17 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.709 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 463.837 MILLION OZ
JAN 2 WITH SILVER UP 45 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.616 MILLION OZ INTO THE SLV//INVENTORY AT SLV RESTS AT 462.128 MILLION OZ
DEC 31 WITH SILVER DOWN 14 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY AT SLV RESTS AT 460.512 MILLION OZ
DEC 30 WITH SILVER DOWN 39 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: // A WITHDRAWAL OF 1.13 MILLION OZ FROM THE SLV//INVENTORY AT SLV RESTS AT 460.512 MILLION OZ
DEC 27 WITH SILVER DOWN 24 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY AT SLV RESTS AT 461.651 MILLION OZ
DEC 24 WITH SILVER UP 2 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV// //INVENTORY AT SLV RESTS AT 463.747 MILLION OZ
DEC 23 WITH SILVER UP 19 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV/////A DEPOSIT OF 6.15 MILLION OZ INTO THE SLV //INVENTORY AT SLV RESTS AT 463.747 MILLION OZ
DEC 20 WITH SILVER UP 43 CENTS //SMALL CHANGES IN SILVER INVENTORY AT THE SLV/////A DEPOSIT OF 183,000 OZ INTO THE SLV //INVENTORY AT SLV RESTS AT 457.597 MILLION OZ
DEC 19 WITH SILVER DOWN 25 CENTS //NO CHANGES IN SILVER INVENTORY AT THE SLV///// //INVENTORY AT SLV RESTS AT 457.414 MILLION OZ
DEC 18 WITH SILVER DOWN 19 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 1.094 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 457.414 MILLION OZ
DEC 17 WITH SILVER DOWN 12 CENTS //SMALL CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 0.456 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 458.052 MILLION OZ
DEC 16 WITH SILVER DOWN 0 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 4.84 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 458.052 MILLION OZ
DEC 13 WITH SILVER DOWN 46 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF .536 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 462.892 MILLION OZ
DEC 12 WITH SILVER DOWN 94 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 5.787 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 463.428 MILLION OZ
DEC 11 WITH SILVER UP 10 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 2.597 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 469.215 MILLION OZ
DEC 10 WITH SILVER DOWN 8 CENTS //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 1.868 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 471.812 MILLION OZ
DEC 9 WITH SILVER UP $0.91 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 1.367 MILLION OZ FROM THE SLV/// //INVENTORY AT SLV RESTS AT 473.680 MILLION OZ
CLOSING INVENTORY 464.043 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
END
2/ Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
The East African nation of Mali experienced a military coup in 2021.
After settling in, the new “junta” turned its attention to the country’s miners, claiming a bigger stake in projects and demanding commensurately higher tax payments.
First in the crosshairs was Perth-based Resolute Mining. When the company’s CEO came to town to negotiate a new deal, the junta arrested him, forcing Resolute to pay US$160 million in ransom.
Next was the Loulo-Gounkoto mine, run by Barrick, the world’s second-largest gold miner. Authorities confiscated three tons of the project’s gold (worth $245 million), and Barrick closed the mine:
Barrick Gold followed through with its threat to suspend operations at its Loulo-Gounkoto complex in Mali after the military-led government moved gold stocks to a custodial bank.
“Barrick has regrettably initiated the temporary suspension of operations while it continues to work towards a resolution,” the Toronto-based company said on Tuesday.
Authorities airlifted some three tonnes — valued at US$245 million — of the yellow metal by helicopter starting Saturday, Reuters reported on Monday, citing four sources close to the situation and a company memo to employees. The seized amount is worth about US$245 million, the sources said, noting the miner had at least another tonne on site then. It wasn’t clear if it’s since been moved.
The suspension follows months of escalating tensions between Barrick and the Malian government, which claims the miner owes it US$512 million in back taxes. The division of economic benefits from the Loulo-Gounkoto complex, which produced nearly 700,000 oz. of gold in 2023, remains an issue after the government revised its mining code in 2023 to give the state higher stakes in projects. Since early December, it’s restricted gold shipments from the site.
Other companies operating in Mali include Allied Gold (TSX: AAUC), which signed a 10-year deal on its Sadiola mine with Mali in September. B2Gold (TSX: BTO; NYSE-A: BTG) agreed with the government separately the same month on the Fekola mine.
The authoritarian state is among several in a string across the Sahel region, such as Burkina Faso, Niger, Chad and Sudan, facing some of the world’s worst poverty and Islamic insurgents. Most have booted out civilian governments, French colonial-era troops and American aid while pivoting to Russia for help.
They see increased resource nationalism as one way to fund their governments and fight jihadist-linked terror. It’s all made West Africa an increasingly difficult region to navigate for Western mining companies.
The Lesson
Location has always been important for mining stocks, but it’s becoming more so as impoverished or otherwise desperate governments look for emergency funds. We should respond in two ways:
Focus on physical. If gold, silver, and uranium are going up, then start with the ETFs that own the physical assets. They’ll capture the expected price increase without the geopolitical and operating risks that loom large in mining. See here for portfolios that include physical gold, silver, uranium, and platinum ETFs.
When buying mining stocks, stick to safe jurisdictions. Right now, that means the US, Canada, and maybe Australia. The new Trump administration is promising to encourage rather than impede energy and mining. Pierre Poilievre, Canada’s likely next Prime Minister, sounds Trumpian when it comes to commodities. And Australia’s National Investment Fund has begun investing in mining, which is both long overdue and a sign of good policy going forward.
So for at least the next few years, the odds of these countries becoming another Mali are low, and the “safe jurisdiction” premium that elevates North American and Australian miners seems justified.
3. CHRIS POWELL AND GATA DISPATCHES
At least seven people killed by army at Ghana’s AngloGold Ashanti mine
Submitted by admin on Mon, 2025-01-20 09:53 Section: Daily Dispatches
By Maxwell Akalaare Adombila and Christian Akorlie Reuters Sunday, January 19, 2025
ACCRA, Ghana — A Ghanaian small-scale miners’ association on Sunday said soldiers killed nine unarmed people at an AngloGold Ashanti mine on Saturday night, while the army said seven illegal miners had been killed in a firefight.
Kofi Adams, local chairman of the Ghana National Association of Small-Scale Miners, told Reuters that nine people had been killed and 14 severely injured in the incident at the Obuasi gold mining site in the West African country’s Ashanti Region.
He said the people had not been armed.
Earlier, Ghana’s armed forces said that about 60 illegal miners carrying locally manufactured rifles and other weapons breached the mine’s security fence at around 11 p.m. on Saturday and fired on a military patrol deployed there, leading to a shootout. …
‘LFTV’ panelists agree that the world has figured out U.S. market rigging
Submitted by admin on Sat, 2025-01-18 09:12 Section: Daily Dispatches
9:10a ET Saturday, January 18, 2025
Dear Friend of GATA and Gold:
Kinesis Money’s “Live from the Vault” program with London metals trader Andrew Maguire is an excellent discussion with metals market experts Andy Schectman, Craig Hemke, and Robert Kientz about the prospects for the monetary metals in the new year.
The participants agree that the rest of the world has caught on to the market rigging and commodity price suppression implemented with derivatives by the U.S. government and is preparing for a new international financial system in which gold and silver are liberated and the dollar subjugated.
The program is 72 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
END
Trump tariff risks fuel a chaotic hunt for gold in London
Submitted by admin on Fri, 2025-01-17 21:30 Section: Daily Dispatches
By Jack Ryan, Yvonne Yue Li, and Sybilla Gross Bloomberg News via Yahoo News, Sunnyvale, California Friday, January 17, 2025
The risk that President-elect Donald Trump will impose universal import tariffs is causing fresh turmoil in the global gold market, with a closely watched barometer of bullion demand reaching historic highs in London.
Lease rates reflect the return that holders of bullion in London’s vaults can get by loaning their metal out to other buyers on a short-term basis. Normally the returns on offer sit close to zero, but this week they have surged to historic levels, with profits on one-month lease rates exceeding 3.5% on an annualized basis
That’s the highest level since at least 2002, and it signals surging demand for metal in London’s vaults. There have been similarly extreme moves in the silver market, and some analysts and traders warn that there may not be enough freely available metal to meet dealers’ needs. …
ANDREW MAGUIRE A MUST MUST VIEW…YOUTUBE/KINESIS LIVE FROM THE VAULT 206
/LIVE FROM THE VAULT 206
end
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY
END
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING WEDNESDAY MORNING TUESDAY NIGHT
SHANGHAI CLOSED DOWN 29.00 OR 0.89%
//Hang Seng CLOSED DOWN 327.78 PTS OR 1.63%
// Nikkei CLOSED UP 618/27 OR 1/58%//Australia’s all ordinaries CLOSED UP 0.32%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2160 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2721// Oil DOWN TO 75.89 dollars per barrel for WTI and BRENT DOWN AT 79.24 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING A
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGSWEDNESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.2160
OFFSHORE YUAN: UP TO 7.2721
SHANGHAI CLOSED CLOSED DOWN 29.00 PTS OR 0.89%
HANG SENG CLOSED CLOSED DOWN 327.78 PTS OR 1.63%
2. Nikkei closed UP 618.27 OR 1.58%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX DOWN TO 107.75 EURO RISES TO 1.0435 UP 29 BASIS PTS HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.193 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 155.91…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
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 ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR DOWN this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.4820 Italian 10 Yr bond yield DOWN to 3.576 //SPAIN 10 YR BOND YIELD DOWN TO 3.121
3i Greek 10 year bond yield DOWN TO 3.244
3j Gold at $2758/35 /Silver at: 30.78 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 70/100 roubles/dollar; ROUBLE AT 98.77
3m oil into the 75 dollar handle for WTI and 79 handle for Brent/
3n Higher foreign deposits moving out of China// 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 155.91 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.193% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.9052 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9446 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: 4.572 DOWN 0 BASIS PTS…
USA 30 YR BOND YIELD: 4.799. DOWN 0 BASIS PTS/
USA 2 YR BOND YIELD: 4.266 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.65…
10 YR UK BOND YIELD: 4.6455 DOWN 4 PTS
10 YR CANADA BOND YIELD: 3.289 UP 2 BASIS PTS
5 YR CANADA BOND YIELD: 3.014 UP 2 PTS.
2a New York OPENING REPORT
Futures Jump On Trump AI Push, Netflix Earnings; China Slumps On Tariff Threat
Wednesday, Jan 22, 2025 – 08:15 AM
US equity futures are higher to start the third day of Trump’s presidency – and not too far from a new all time high – led by tech following blowout Netflix earnings and a fresh extension of the AI frenzy, coupled with signs that US tariffs on trade partners could be less harsh than feared. As of 8am ET, S&P futures are up 0.5%, rising for the third day in a row, and lifted by strong corporate results; Nasdaq 100 futures surge 0.9%, spurred by a 15% premarket jump in Netflix to a new all time high above $1,000 after the streamer reported a blowout quarter with record subscriber gains, and Oracle which jumped 9% after the company teamed up with SoftBank and OpenAI to form a $100 billion joint venture that will fund AI infrastructure. The Russell is lagging as Trump expands his tariff threats to include China and EU (10% as of Feb 1) as well as Canada/Mexico (25% as of Feb 1). Elsewhere, European shares ground higher with the Stoxx Europe 600 hitting a record on higher volumes; Asian stocks are also higher led by Japan, although China slumped after Trump repeated his threat to impose 10% tariffs on the nation’s goods because fentanyl was being sent from China to the US via Mexico and Canada. The dollar touched its lowest level in a month with 10Y TSY yields lower amid relief that Trump has so far held back from slapping harsher penalties on trade partners and which JPM said “the market may being viewing the tariffs threats as more negotiating tool than longer-term policy/strategy.” The commodity complex is mixed with Energy leading, Precious over Base, and Ags mostly lower. Today’s macro data focus is the Leading Index and 20Y auction, as earnings ramp.
In premarket trading, Netflix shares surged 15% after the streaming company reported fourth-quarter results that beat expectations, boosted by its biggest quarterly subscriber gain in history. If Netflix’s premarket gains carry through the day, the stock will hit an all-time high and will be poised for its biggest rise since October 2023. Here are some other premarket movers:
Oracle shares jump 9% as the company teams up with SoftBank Group and OpenAI to form a $100 billion joint venture that will fund artificial intelligence infrastructure. The AI euphoria also lifted the broader Mag7 (Apple +0.1%, Nvidia +2.7%, Microsoft +1.4%, Alphabet -0.1%, Amazon +0.7%, Meta Platforms +0.6% and Tesla -0.6%).
Seagate shares rise 5.6% after the computer hardware and storage company reported second-quarter earnings and revenue that beat the average analyst estimate. Analysts highlighted the company’s strong gross margins during the quarter.
Fears that Trump’s protectionist policies would derail global growth and spark US inflation had pushed the dollar to a 13-month high earlier in the month and driven up bond yields. Instead, Trump’s first two days in office have largely been supportive of sentiment, as investors zero in on his pro-business policies.
“There was just relief that as of day one, we didn’t get the tariffs that were expected,” said Corinne Lord, a senior investment specialist at St James Place Management. “The question is to what extent we will get them compared to what he’s promised. There is still a lot of nervousness about what might lie ahead.”
On Tuesday, the US president said he was still considering a 10% tariff on all goods from China, following a threat to enact tariffs of as much as 25% on Mexico and Canada by Feb. 1. Yet the only actual action he’s taken so far is the call for a review of trade practices that’s due by April 1, potentially giving China and others almost 10 weeks to avert new levies or address his demands. As a result, a catch-up trade is building for stock market laggards on bets that Trump will take a softer approach on tariffs, according to Bank of America Corp.’s monthly survey of fund managers. That’s also reflected in steady Treasury yields.
“The bond market is not buying into inflation angst from tariffs,” said Kenneth Broux, strategist at Societe Generale in London. He described Trump’s threat of a 10% levy on China as “not draconian.” Even so, few investors are straying from tech stalwarts notching new highs for the S&P 500, with bullish bets on Magnificent 7 stocks ranked as the most crowded trade in BofA’s survey. That was followed by the US dollar and cryptocurrencies.
European shares continue to grind higher with the Stoxx Europe 600 rising 0.7% and hitting a record on higher volumes as AI and electrification names lead gains, notably ENR, up 9% and SU, up 3%, on US President Trump’s announcement of large-scale investments in AI infrastructure. The Stoxx 600 industrial goods and services index, up 1.3%, and the Stoxx Europe technology index, up 1.2%, are the top performers. The UBS European desk is 60/40 better to buy with both hedge funds and long only 60/40 net buyers. The desk is active in insurance and better buyers, led by MUV2, up 4%, and is a better buyer of healthcare, led by ROG and NOVOB. It is a net seller of industrials and a two-way better seller of staples. It has also been buying luxury, energy, telcos and utilities. Here are the biggest movers Wednesday:
BMW shares rise as much as 1.9% after an upgrade to buy at Berenberg, which sees stronger near-term product momentum and cash support for the German automaker than for its peer Mercedes
PolyPeptide shares jump as much as 11%, the most since Nov. 1, after the stock was initiated with an overweight recommendation at Barclays, which cites “significant value” for the Swiss firm
Telecom Italia shares rose as much as 3.6% in Milan trading after Bloomberg News reported that the Italian government must return about €1b ($1b) to the phone carrier, according to people familiar
Pantheon Resources rises as much as 30%, hitting levels not seen since March 2023, after US President Donald Trump signed an executive order to prioritize the development of Alaska’s LNG potential
Intermediate Capital rises as much as 6.4%, the most in a year, after the private equity firm reported assets under management of $107 billion. Analysts say the update is strong
DFDS falls as much as 22%, the most since 2001, after the Danish marine logistics group updated its 2025 guidance and withdrew targets for 2026-2027. RBC says the update is a clear negative
EasyJet shares slide as much as 5.4%, the biggest drop since July. The budget airline’s headline winter loss and unit revenue guidance for the upcoming second quarter are weaker than the market expected
Schaeffler shares slump as much as 19% to a record low after the German car-parts firm issued its second profit warning for 2024, while Deutsche Bank lowered its rating on the stock to hold
Barry Callebaut drops as much as 6.3% after the Swiss chocolatier lowered its FY sales volume outlook, flagging the significant acceleration of cocoa bean prices, which analysts noted was “unprecedented”
Hochschild Mining shares plunge as much as 18%, the most since April 2023. The mining company said the cost of producing gold and silver this year will be higher than previously guided
Delivery Hero shares extend a decline on Wednesday after its South Korean operations reduced commission fees for restaurants, a sign of further pressure in the food delivery firm’s largest market
Carrefour shares fall as much as 2.8% as BNP Paribas Exane cuts its recommendation to underperform from neutral as risks are “stacking up”
Asian stocks rose, with technology hardware shares gaining on optimism over President Donald Trump’s push for investment in artificial intelligence, offsetting losses in China. The MSCI Asia Pacific Index rose 0.2% after jumping as much as 0.7%, with Taiwan’s TSMC and Japan’s SoftBank the biggest contributors. Key stock gauges in Japan and Taiwan rose about 1% after Trump announced a joint venture to fund AI infrastructure that involves firms including SoftBank and OpenAI. However, the regional benchmark pared its gain as Chinese equities slumped amid renewed concern over US tariffs. Hong Kong and mainland China led declines after Trump said his threat to impose 10% tariffs on all Chinese imports was still being considered. While that’s lower than the 60% levy he touted during his election campaign, investors are bracing for further volatility as details remain far from clear.
“I think it only gets tougher from here — it’s a reminder that Trump will do something, because the first day might have given some the false impression that he might not,” said Xin-Yao Ng, an investment director at abrdn Plc. “More gradual tariffs might also delay or reduce the force of stimulus that market wants.”
In FX, the Bloomberg Dollar Spot Index falls 0.2% having reversed an earlier gain. The euro is among the better performers, rising 0.3% to a year-to-date high around 1.0450. The yen is the weakest of the G-10’s falling 0.1% against the greenback.
In rates, treasuries inch higher, with US 10-year yields falling 1 bps to 4.57%, up from a session low of 4.55%; Germany’s 10-year also little changed, showing minimal reaction to a flurry of ECB speak out of Davos, including from President Lagarde who said they are not lowering interest rates too slowly. UK’s gilts are slightly cheaper on the day. US treasury auctions this week include $13b 20-year bond reopening and Thursday’s $20b 10-year TIPS new issue; WI 20-year yield at about 4.89% is ~20bp cheaper than last month’s, which tailed by 1.5bp
In commodities, oil prices advance, with WTI climbing 0.5% to $76.20 a barrel. Spot gold rises $17 to around $2,762/oz. Bitcoin falls 2% to around $105,0000.
The US calendar is rather bare, and the only event is the December Leading index at 10am.
Market Snapshot
S&P 500 futures up 0.5% to 6,112.50
STOXX Europe 600 up 0.7% to 529.42
MXAP up 0.3% to 181.79
MXAPJ little changed at 572.01
Nikkei up 1.6% to 39,646.25
Topix up 0.9% to 2,737.19
Hang Seng Index down 1.6% to 19,778.77
Shanghai Composite down 0.9% to 3,213.62
Sensex up 0.7% to 76,406.54
Australia S&P/ASX 200 up 0.3% to 8,429.79
Kospi up 1.2% to 2,547.06
German 10Y yield little changed at 2.50%
Euro little changed at $1.0430
Brent Futures up 0.4% to $79.62/bbl
Gold spot up 0.6% to $2,761.09
US Dollar Index little changed at 107.97
Top Overnight News
China could agree to ByteDance selling TikTok as part of a broader deal with the US which would cover issues such as trade, via FT citing sources; talks are at an early stage.
US President Trump said they are talking about a 10% tariff on China from 1st February for them sending fentanyl to Canada and Mexico, while he added that the European Union treats the US badly and that the EU will be in for tariffs; The Hang Seng fell. BBG
China has been relieved so far by Trump’s actions and rhetoric on trade. While Chinese officials were prepared for Trump to deliver as extreme as immediate 60% tariffs on exports, his opening moves have been less severe than feared, rekindling hope in Beijing that negotiations might be possible to avoid a second trade war. FT
US President Trump is using tariffs threat to push for an early renegotiation of US trade deal with Mexico and Canada, according to WSJ.
Trump announced an AI project with OpenAI, SoftBank and Oracle to form a JV called Stargate which will invest at least USD 500bln in AI infrastructure in the US and will create 100k jobs. Trump said he is going to help through emergency declarations and will make it possible to get the electricity production needed. Furthermore, Stargate will begin immediately to build infrastructure, while Oracle’s Chairman Ellison said data centres are under construction in Texas with expansion to other locations too and SoftBank CEO Son said they will immediately deploy USD 100bln in AI investment.
Indian PM Modi is reportedly considering lower tariffs and more imports to counter threats from US President Trump; India could purchase additional whisky, steel and oil from the US: BBG
The BOJ is on track to raise rates to the highest since 2008 on Friday, according to a survey of economists. Overnight-indexed swaps priced in an over 94% chance of a hike. BBG
The ECB isn’t lowering rates too slowly and will maintain its measured approach to easing, Christine Lagarde told CNBC. Klaas Knot said investor bets for rate cuts in January and March are reasonable. BBG
Debt interest costs pushed up UK government borrowing more than predicted last month, putting Chancellor Rachel Reeves on course to overshoot official forecasts. Reeves declined to say whether she wanted to increase her fiscal headroom and said public finances are in order. The government will push ahead with controversial infrastructure projects to spur growth, she said. BBG
A flood of Canadian oil is heading to the US to beat Trump’s potential tariffs, prompting Enbridge’s largest export pipeline to ration space for each shipper. The influx may help refill inventories in the Midwest, Rystad said. BBG
Google is backing artificial intelligence developer Anthropic with a further $1 billion, building its stake in one of the most promising rivals to OpenAI. The new funding comes in addition to more than $2 billion that Google has already invested in Anthropic. BBG
Republican leaders in Congress apparently agree to begin work on a single reconciliation bill, resolving what had been a key source of tension between the House and Senate. The Hill
President Trump is using the threat of imposing stiff tariffs on goods from Canada and Mexico as soon as next week to pressure the two nations to start renegotiating the US-Mexico-Canada trade agreement (USMCA). WSJ
Gold advanced to its highest in 11 weeks as investors weigh Trump’s tariff and tax policies. Bullion, up about 3.5% this year, may get a further boost from haven demand amid concerns about immigration policy and fraught foreign relations. BBG
A more detailed look at markets courtesy of Newsquawk
APAC stocks traded mixed as most major indices took impetus from the gains on Wall St after President Trump’s first full day back in office although Chinese markets lagged after Trump suggested 10% tariffs on China for sending fentanyl to Mexico and Canada which ends up in the US. ASX 200 notched mild gains amid strength in tech, industrials and financials but with gains capped by losses in miners. Nikkei 225 outperformed and surged above the 39,000 level with SoftBank among the biggest gainers after President Trump announced an AI project with OpenAI, SoftBank and Oracle to form a JV which will invest at least USD 500bln in AI infrastructure. Hang Seng and Shanghai Comp were pressured after US President Trump warned of 10% tariffs on China from February 1st for sending fentanyl which overshadowed the PBoC’s substantial CNY 1.16tln reverse repo operation.
Top Asian News
China is to allow foreign financial institutions to offer new types of financial services in some free trade zones, similar to those provided by Chinese financial institutions, according to Reuters. To support cross-border purchases of certain types of financial services at some free trade zones.
Chow Tai Fook Jewellery (1929 HK) – Q4 retail sales growth -14.2%, Q4 same store sales growth in China -16.1%
Japanese PM Ishiba to present investment plan to US President Trump at the summit, according to Kyodo.
China releases plan for promoting the entry of medium and long term funds into the market. To increase the ratio of insurance money in stock market. Guide big state owned insurers to raise a share invest. Expand the scale of swap facilities for securities firms. Promote the use of refinancing tools to support share buybacks and increases in holdings.
China is to cap pay at central gov’t owned financial firms ay CNY 1mln/year, via Reuters citing sources
US President Trump said he has met with TikTok owners and he is open to Elon Musk buying TikTok, while he is thinking of telling someone to buy TikTok and give half of it to the US.
SK Hynix (000660 KS) is scheduled to hold its Q4 conference on Thursday, during which it is expected to remark that operating profit hit a record KRW 8tln peak with AI memory chip s accounting for 42% of sales, via journalist Nystedt.
European bourses (Stoxx 600 +0.7%) began the session on a modestly firmer footing, but sentiment continued to improve as the session progressed – with a more pronounced bid following commentary via ECB’s Lagarde. As it stands, indices generally reside at session highs; the Stoxx 600 hit a fresh record high, currently at 529.60. European sectors hold a strong positive bias, with only a handful of sectors residing in the red. Industrial Goods tops the pile, joined closely by Insurance and Healthcare to form the top 3 performers. Insurance is lifted by Munich Re and Hannover Re, which both received broker upgrades at HSBC. Telecoms is found at the foot of the pile.
Top European News
ECB’s Lagarde says no immediate US tariffs were her expectation, it is a smart approach, via CNBC; does not mean to say that tariffs won’t happen, will be more selective. Reasonably optimistic about the future. Confident EZ inflation target over course of 2025. There are downside risks to EZ growth in 2025. Not overly concerned about the export of inflation in Europe. Exchange rate will be of interest, and may have consequences. “We will see if early-2025 delivers a reduction in services inflation”. Does not believe the ECB is behind the curve. Gradual moves in rates “come to mind currently”. Attentive to energy, haven’t anticipated a declined in energy prices.
ECB’s Nagel says confident that EZ inflation will return to the 2% target by mid-year, according to Spiegel.
ECB’s Escriva says the ECB will not pre-commit to a decision, markets expect a 25bps rate cut – is the most likely scenario. Incoming information points towards converging to the 2% inflation goal. There are downside risks to growth. Unclear whether there will be inflation spillovers from US policy. To retain full optionality is more important than ever.
ECB’s Stournaras says rates should be lowered at the order of 25bps each time to get close to the 2% target by the end of the year Possible US tariffs would speed up rate cuts in the Eurozone.
ECB’s Villeroy says it is too early to tell but inflationary effects from the new US administration could be expected. Disinflation in Europe is still on track.There could be a decoupling between ECB and Fed on rates, but it is not an issue. There is a risk that the benefits of disinflation and monetary easing are lost by policy fragmentation and too lax fiscal policy.
ECB’s Knot says he sees little obstacles to another cut in January, via Bloomberg TV; data is encouraging and confirms they will return to target. New downside risks from trade policies (regarding growth), inflation outlook is not as clear. Comfortable with market expectations for the next two meetings. Meeting-by-meeting approach to policy decisions has worked well.
UK Chancellor Reeves, when asked about UK bank ring-fencing, says we “always keep an open mind”. says “our public finances are now in order”. Will meet fiscal rules.
SNB Chair Schlegel says its not discussing a new CHF cap at the moment; cannot exclude negative rates. Does not like negative rates but can use them. Not uncomfortable with inflation currently. Intervention has worked in the past and would be willing to do it again. SNB is prepared to intervene in the FX market if required. Inflation is well inside SNB target range and over SNB forecast cycle. Cannot exclude negative interest rates. Not uncomfortable with inflation at present. Reiterates ready to intervene in FX market as necessary. When questioned on the prospect of the US labelling them as a currency manipulator again, says this is not something that would influence their intervention decisions.
EU Defence Commissioner Kubilius says they need to spend more, better and European in defence
FX
DXY is lower in the wake of yesterday’s heavy selling pressure which was triggered by relief over a lack of tariff actions by Trump on day one of his Presidency. That being said, overnight, Trump has threatened both the EU and China with tariffs and is reportedly pushing for an early renegotiation of the US trade deal with Mexico and Canada. DXY sits towards the bottom end of yesterday’s 107.92-108.79 band.
EUR is marginally firmer vs. the USD after a particularly strong showing at the start of the week on account of Trump refraining from any explicit tariff actions on day one of his Presidency. Trump remarked overnight that the “European Union treats us badly and the EU will be in for tariffs”. In an interview at Davos, ECB President Lagarde appeared to downplay concerns surrounding tariffs. EUR/USD has just broken above the top end of yesterday’s 1.0341-1.0435 range.
JPY is softer vs. the USD despite some fleeting support after reports that Japanese PM Ishiba is to present an investment plan to US President Trump at the summit, according to Kyodo. USD/JPY currently sits within yesterday’s 154.76-156.23 range.
GBP a touch softer vs. the USD and EUR in the wake of higher-than-expected December borrowing data alongside an upward revision to the prior presents another headwind for the Chancellor and her fiscal space. Cable comfortably on a 1.23 handle and in close proximity to yesterday’s best at 1.2359 (as context, the low from yesterday sits at 1.2228).
Mildly diverging fortunes for the antipodeans. NZD/USD has had to digest CPI metrics with the headline Y/Y printing at 2.2% vs. Exp. 2.1%. However, ING notes that the closely monitored non-tradable index slowed slightly faster than expected from 4.9% to 4.5%; lowest level since Q4 2021. ING suggests this paves the way for a 50bps RBNZ cut next month (priced at 65%).
Fixed Income
USTs are awaiting fresh tariff updates from US President Trump. Overnight, Trump spoke about potential measures on China and the EU. As it stands these remain hypothetical with the President yet to initiate measures though the February 1st date he continues to reference is moving ever closer. USTs are firmer by a handful of ticks and have been moving directionally with EGBs (see Bunds) in the European morning. Holding at the upper-end of 108-19 to 108-28 bounds, with yields lower across the curve which itself is flattening very modestly.
Bunds saw some modest pressure early doors on the UK PSNB data (see below), thereafter the main move of the morning came via ECB’s Lagarde at Davos. An interview from which the main takeaway was Lagarde seemingly not being too concerned about US tariffs at this point in time, a reading-between-the-lines assessment which drove EGB upside. As a reminder, Trump overnight said “…the EU will be in for tariffs.”. Specifically, Bunds were driven to a 132.22 peak as Lagarde spoke, posting upside of 28 ticks on the session at the time and setting a new WTD high, resistance now not seen until 132.57 from earlier in the month.
Gilts began the session on the back foot, gapping lower by 11 ticks after a much larger than expected December PSNB figure and an upward revision to the prior. Metrics which further illustrate the challenges the Chancellor is facing on the UK’s public finances. For reference, in an interview this morning Reeves stuck to her usual lines on the subject.
Books for the Spanish 10yr syndication in excess of EUR 150bln.
Germany sells EUR 1.129bln vs exp. EUR 1.5bln 2.60% 2041 and EUR 0.392bln vs exp. EUR 0.5bln 2.50% 2044 Bund Auctions
Commodities
Slight upward bias across the crude complex as the dollar pulls back from overnight highs and sentiment across Europe is now firmer. That being said, upside is capped by tariff threats from US President Trump who flagged a 10% levy on China in retaliation to fentanyl flows from the country, whilst noting Europe could be hit by tariffs too. Brent Mar resides in a USD 78.81-79.70/bbl parameter.
Precious metals are firmer across the board the back of the softer dollar, with the schedule today relatively light aside from equity earnings. Spot gold extends on gains to trade in a USD 2,741.96-2,762.41/oz range.
Base metals are mixed despite the softer dollar and constructive risk mood, but likely amid China’s underperformance amid the US tariffs threats, whereby US President Trump said they are talking about a 10% tariff on China for sending fentanyl. Copper futures mildly pulled back after the prior day’s intraday rebound with prices not helped by the underperformance in China. 3M LME copper resides in a narrow USD 9,206.50-9,279.50/t range.
Accident reported at 18k/T of oil reservoirs located in Ray City, Iran, according to Tasnim. [NOTE: subsequent reports indicated the fire is at a LNG site rather than an oil site]
Citi Brent outlook revisions (USD): Q1-2025 75/bbl; Q2-2025 68/bbl; Q3-2205 63/bbl; Q4-2025 60/bbl. 2025 average of 67/bbl. WTI: 2025 view revised up to 63/bbl.
Indonesia’s Energy Minister says price cap of USD 6/MMBTU may be raised due to global gas prices
Geopolitics: Middle East
Lebanese media report an Israeli drone attack in the Hasbaya area in southern Lebanon, north of Mount Hermon, via Kan 11’s Kais.
“Israel is trying to extend the 60-day deadline for the withdrawal of forces from Lebanon by three days”, according to Lebanese press cited by Israeli journalist Kai.
Geopolitics: Ukraine
Russian Deputy Foreign Minister Ryabkov says as of today, there is a “small window of opportunity” for agreements with new US administration, via Interfax.
US President Trump said if Russian President Putin does not come to the table on Ukraine, it is likely that he would put sanctions on Russia, while he added that they are looking at the issue of sending weapons to Ukraine, as well as noted the European Union should be paying more on Ukraine and should equalise spending on Ukraine. Furthermore, Trump said he is looking to speak with Russian President Putin soon and told Chinese President Xi to help settle the Ukraine issue.
US Secretary of State Rubio and Japanese Foreign Minister Iwata discussed concerns over North Korea’s political and security alignment with Russia and China’s support for Russia’s defence industrial base.
Geopolitics: Other
Australia, India, Japan and the US said they reaffirmed a shared commitment to a free and open Indo-Pacific after the first Quad ministerial meeting of the new Trump presidency. Furthermore, the Quad countries strongly oppose any unilateral actions that seek to change the status quo by force or coercion, while they will meet on a regular basis in the coming months to prepare for the next leaders’ summit hosted by India.
US Event Calendar
07:00: Jan. MBA Mortgage Applications, prior 33.3%
10:00: Dec. Leading Index, est. -0.1%, prior 0.3%
DB’s Jim Reid concludes the overnight wrap
The planets were aligned last night both in stargazing terms and in financial markets. For those without clouds you could have seen Venus, Mars, Jupiter, Saturn, Uranus and Neptune in the sky together in a rare event. However, an even rarer event will take place on February 28th when Mercury joins in the fun and all other seven planets will be visible. Don’t blink and miss it as you’ll have to wait until 2492 for the next occurrence. So, if markets can’t go up on February 28th when all the planets are aligned, we could be in trouble.
Six being aligned was enough for a strong performance over the last 24 hours, especially in the US, with investors reassured by the lack of day 1 tariffs from the new administration. Clearly there’s a lot of nervousness about what might still be ahead, but for markets, the decision added to the sense that tariffs still might be a leverage play where the worst outcomes don’t materialise, and it also meant some near-term inflation risk was taken off the table. Whether that optimism materialises is another matter, but in the meantime, it helped the S&P 500 (+0.88%) to close above the 6,000 mark for the first time this year, while the 10yr Treasury yield (-5.1bps) came down to 4.58%.
But even though US assets did fairly well, there was some negative reaction for the targets of Trump’s tariff threats. For instance, with Trump re-floating the idea of 25% tariffs on Canada and Mexico as soon as February 1, it meant the Mexican Peso weakened by -0.60%, although the Canadian dollar was little changed (-0.09%) by the close after trading around -1% lower early in yesterday’s session. We also got some fresh signs of how others might retaliate as well, with Canadian PM Trudeau saying that “I support the principle of dollar-for-dollar matching tariffs.” The extent of any retaliation could be a big curveball factor over the next couple of years, as so far the focus has mostly been on how the US will adjust tariffs, rather than what happens in response.
Tariffs have again grabbed the headlines overnight as Trump commented in the evening that his threat of a new 10% tariff on China was still on the table “based on the fact that they’re sending fentanyl to Mexico and Canada” and that this could also come into effect as soon as February 1. So Trump’s comments leave plenty of near-term uncertainty even though the trade investigations from his day 1 executive orders will take some time to play out. Against that background, Chinese equities are losing ground with the Hang Seng (-1.73%) trading sharply lower while the CSI (-1.26%) is breaking a four-day winning streak with the Shanghai Composite (-1.12%) also underperforming. The Chinese yuan (-0.23%) is also weakening after three consecutive sessions of gains, trading at 7.28 versus the dollar.
Whilst there’s definitely a fair amount of volatility in markets at the moment, that backdrop failed to stop a fresh advance for US equities yesterday, with the S&P 500 (+0.88%) up to a fresh YTD high as it reopened after the public holiday. Small-caps put in a very strong performance, with both the Russell 2000 (+1.85%) and the equal-weighted S&P 500 (+1.17%) posting a 6th consecutive advance. For all you stats collectors the S&P 500 saw more than 68% of its constituents climb for the sixth consecutive day (82.5% yesterday), an outright record since data begins in 1928. So maybe that’s the impact of the planetary alignment.
The Magnificent 7 saw a smaller gain (+0.30%), primarily due to a large decline from Apple (-3.19%). That saw Apple again overtaken as the world’s most valuable company by Nvidia (+2.27%). The chip giant gained amid a strong day for AI-related stocks that came in anticipation of a new AI investment announcements from Trump. Confirmed after the US close, this saw SoftBank, OpenAI and Oracle form a $100bn joint venture to fund AI infrastructure. SoftBank Group shares are up +10.73% in Tokyo this morning following the news. In other company news, Netflix shares spiked by over +14% in after-hours trading last night after reporting its strongest ever quarterly subscriber gain. It had advanced by +1.35% in yesterday’s session. This is helping the S&P 500 and NASDAQ 100 futures trade +0.31% and +0.72% higher respectively this morning in Asia.
Treasuries also put in a robust performance yesterday, with investors becoming more relaxed about inflationary pressures following the tariff news. That got further support by the decline in oil prices, with WTI down -2.56% yesterday to $75.89/bbl, down from a recent peak above $80/bbl last week. So that helped inflation swaps to come down, with the 2yr swap falling -5.7bps on the day to 2.65%. And in turn, Treasury yields declined across the curve, with the 2yr yield (-1.0bps) down to 4.27%, whilst the 10yr yield (-5.1bps) fell to 4.58% where it’s broadly stayed in the Asia session.
Over in Europe, it was a much less eventful day, but the general direction of travel was much the same, with bonds and equities moving higher across the continent. That included a 5th consecutive advance for the STOXX 600 (+0.40%), which moved up to a 3-month high, whilst the DAX (+0.25%) hit another all-time high. And in FX, the euro (+0.35%) closed above 1.04 against the dollar for the first time this year. Nevertheless, there was some weakness among the trade-sensitive sectors in light of Trump’s tariff threats on Canada and Mexico, with the STOXX 600 automobiles and parts index down -0.71%. Moreover, automakers led the declines in the DAX, with BMW (-1.79%) as the worst performer in the index yesterday reversing much of Monday’s gains. In case Europe felt lower down the tariff pecking order in Trump’s trade crusade last night he said “We have a $350 billion deficit with the European Union. They treat us very very badly, so they’re going to be in for tariffs.” This leaves the direction of travel quite clear for the continent.
For sovereign bonds, there was also a strong performance, with yields on 10yr bunds (-1.7bps), OATs (-2.8bps) and BTPs (-2.9bps) all moving lower. The biggest outperformance actually came from UK gilts however, where the 10yr yield was down -6.9bps following the latest labour market data. It showed that the number of payrolled employees was down by -47k in December (vs. -8k expected), and the unemployment rate in the three months to November also ticked up a tenth to 4.4%. So that helped to cement the idea that the Bank of England are on course to cut rates at their next meeting in early February, with overnight index swaps dialling up the likelihood to 93% by the close.
In the meantime, yesterday brought yet another report that the Bank of Japan are moving closer to a rate hike at Friday’s meeting, with the latest coming from Kyodo. Both market pricing and the consensus of economists now expect a 25bp hike at this meeting, so we’re now at the point where the bigger market reaction would likely come if one didn’t happen. For today the Nikkei (+1.43%) is actually outperforming even with the hike this week being increasingly likely with Trump’s AI investment plan supporting the likes of SoftBank which is currently up over 10%.
Looking at yesterday’s other data, Canada’s CPI surprised slightly on the downside at +1.8% in December (vs. +1.9% expected). In turn, that added to expectations that the Bank of Canada would deliver another cut at their meeting next week, with a cut priced as an 85% probability at the close even if it has slightly dropped to 81% this morning. Separately, the German ZEW survey’s expectations component was weaker than expected in January, coming in at just 10.3 (vs. 15.1 expected). However, the current assessment reading did pick up from its post-Covid low in the previous month, rising to -90.4 (vs. -93.1 expected).
To the day ahead now, and data releases include the UK public finances for December, along with the Conference Board’s leading index for the US in December. Otherwise, central bank speakers include ECB President Lagarde, along with the ECB’s Villeroy, Knot and Nagel.
2B) EUROPEAN REPORT
2C ASIAN REPORT
Chinese markets lag amid tariff threats – Newsquawk Europe Market Open
Wednesday, Jan 22, 2025 – 01:53 AM
APAC stocks traded mixed as most major indices took impetus from the gains on Wall St after President Trump’s first full day back in office although Chinese markets lagged after Trump suggested 10% tariffs on China.
US President Trump said they are talking about a 10% tariff on China from 1st February for them sending fentanyl to Canada and Mexico, while he added that the European Union treats the US badly and that the EU will be in for tariffs.
US President Trump announced an AI project with OpenAI, SoftBank (9984 JT) and Oracle (ORCL) to form a JV called Stargate which will invest at least USD 500bln in AI infrastructure in the US and will create 100k jobs.
European equity futures indicate a positive cash open with Euro Stoxx 50 futures up 0.3% after the cash market closed flat on Tuesday.
Looking ahead, highlights include UK PSNB, ECB’s Villeroy, Knot & Lagarde, Supply from Germany & US, Earnings from Procter & Gamble Co., Abbott, Johnson & Johnson, Halliburton Company, Ally Financial, Amphenol Corp., Comerica, GE Vernova Inc., Travelers Companies, Commerce Bancshares Inc., First Community Corp., Kinder Morgan, Inc., Alcoa, Discover Financial Services, RLI Corp. & Steel Dynamics.
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US TRADE
EQUITIES
US stocks gained with the vast majority of sectors in the green and with only the Energy sector in the red as President Trump’s executive orders and initial dollar firmness weighed on the crude complex. Nonetheless, it was a relatively quiet session with little fresh catalysts.
In terms of stock specifics, MMM and SCHW reported strong earnings, while Oracle was buoyed in the wake of CBS reporting that Trump is set to announce billions of dollars in private sector investment to build AI infrastructure in the US with OpenAI, Softbank (SFTBY) and Oracle (ORCL) planning a JV.
SPX +0.88% at 6,049, NDX +0.58% at 21,567, DJIA +1.24% at 44,026, RUT +1.85% at 2,318.
US President Trump said they are talking about a 10% tariff on China from 1st February for them sending fentanyl to Canada and Mexico, while he added that the European Union treats the US badly and that the EU will be in for tariffs.
US President Trump is using tariffs threat to push for an early renegotiation of US trade deal with Mexico and Canada, according to WSJ.
US President Trump announced an AI project with OpenAI, SoftBank (9984 JT) and Oracle (ORCL) to form a JV called Stargate which will invest at least USD 500bln in AI infrastructure in the US and will create 100k jobs. Trump said he is going to help through emergency declarations and will make it possible to get the electricity production needed. Furthermore, Stargate will begin immediately to build infrastructure, while Oracle’s Chairman Ellison said data centres are under construction in Texas with expansion to other locations too and SoftBank CEO Son said they will immediately deploy USD 100bln in AI investment.
APAC TRADE
EQUITIES
APAC stocks traded mixed as most major indices took impetus from the gains on Wall St after President Trump’s first full day back in office although Chinese markets lagged after Trump suggested 10% tariffs on China for sending fentanyl to Mexico and Canada which ends up in the US.
ASX 200 notched mild gains amid strength in tech, industrials and financials but with gains capped by losses in miners.
Nikkei 225 outperformed and surged above the 39,000 level with SoftBank among the biggest gainers after President Trump announced an AI project with OpenAI, SoftBank and Oracle to form a JV which will invest at least USD 500bln in AI infrastructure.
Hang Seng and Shanghai Comp were pressured after US President Trump warned of 10% tariffs on China from February 1st for sending fentanyl which overshadowed the PBoC’s substantial CNY 1.16tln reverse repo operation.
US equity futures were mostly on the front foot with the E-mini Nasdaq 100 leading the upside in the aftermath of strong earnings by Netflix which beat on top and bottom lines, as well as reported a surge in global streaming paid net additions.
European equity futures indicate a positive cash open with Euro Stoxx 50 futures up 0.3% after the cash market closed flat on Tuesday.
FX
DXY traded flat with only brief support seen following more tariff rhetoric from President Trump who said they are talking about a 10% tariff on China for sending fentanyl, while he added the EU treats the US badly and the EU will be in for tariffs.
EUR/USD mildly softened and momentarily retreated beneath 1.0400 after Trump touched upon tariffs for the EU.
GBP/USD slightly eased back from a near two-week peak after momentum was stalled by resistance around 1.2350.
USD/JPY swung between gains and losses but ultimately edged higher amid the positive risk appetite in Japan.
Antipodeans marginally softened alongside CNH following US President Trump’s China tariff remarks and with NZD/USD gradually pressured amid increased bets for a 50bps cut by the RBNZ in February despite CPI data which matched/topped estimates.
PBoC set USD/CNY mid-point at 7.1696 vs exp. 7.2642 (prev. 7.1703).
FIXED INCOME
10yr UST futures lacked demand after yesterday’s choppy performance and curve flattening amid light catalysts and looming supply.
Bund futures mildly retreated after failing to sustain the 132.00 level ahead of today’s Bund issuance, while ECB officials reaffirmed data dependency.
10yr JGB futures were subdued amid mild upside in yields and with another recent report noting the BoJ is moving towards a hike at this week’s meeting.
COMMODITIES
Crude futures were little changed in the absence of any major oil-specific drivers and after recent indecision as markets mull over Trump policies, while the latest energy inventory data is also delayed owing to the MLK Jr. Day holiday at the start of the week.
Citgo said it implemented a cold weather response at all three refineries which includes extra operators, maintenance crafts and management personnel in the refineries around the clock.
Port Houston said all eight public facilities will remain closed for Tuesday and Wednesday due to cold weather conditions.
Port Freeport said limited activity is expected due to weather conditions in the Gulf Coast area in Texas.
Spot gold continued its recent gradual upward and eventually breached the USD 2,750/oz level.
Copper futures mildly pulled back after the prior day’s intraday rebound with prices not helped by the underperformance in China.
World refined copper market was in a 131k MT deficit in November 2024, according to ICSG.
CRYPTO
Bitcoin took a breather and gradually trickled lower to beneath the USD 106k level after the prior day’s advances.
NOTABLE ASIA-PAC HEADLINES
US President Trump said he has met with TikTok owners and he is open to Elon Musk buying TikTok, while he is thinking of telling someone to buy TikTok and give half of it to the US.
DATA RECAP
New Zealand CPI QQ (Q4) 0.5% vs. Exp. 0.5% (Prev. 0.6%)
New Zealand CPI YY (Q4) 2.2% vs. Exp. 2.1% (Prev. 2.2%)
RBNZ Sectoral Factor Model Inflation Index (Q4) 3.1% (Prev. 3.4%)
GEOPOLITICS
RUSSIA-UKRAINE
US President Trump said if Russian President Putin does not come to the table on Ukraine, it is likely that he would put sanctions on Russia, while he added that they are looking at the issue of sending weapons to Ukraine, as well as noted the European Union should be paying more on Ukraine and should equalise spending on Ukraine. Furthermore, Trump said he is looking to speak with Russian President Putin soon and told Chinese President Xi to help settle the Ukraine issue.
US Secretary of State Rubio and Japanese Foreign Minister Iwata discussed concerns over North Korea’s political and security alignment with Russia and China’s support for Russia’s defence industrial base.
OTHER
Australia, India, Japan and the US said they reaffirmed a shared commitment to a free and open Indo-Pacific after the first Quad ministerial meeting of the new Trump presidency. Furthermore, the Quad countries strongly oppose any unilateral actions that seek to change the status quo by force or coercion, while they will meet on a regular basis in the coming months to prepare for the next leaders’ summit hosted by India.
EU/UK
NOTABLE HEADLINES
UK ministers reportedly forced out the chair of UK’s competition regulator CMA Chair Bokkerink as the government seeks to dial back regulation as part of Labour’s growth agenda, according to FT.
LATAM
Brazil’s President Lula told his aides that he may not run for re-election in 2026 in a statement during a ministerial meeting yesterday, surprising the ministers, according to CNN Brasil.
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
end
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
UK RUSSIA
Fun and games are being played here: Russia was furious that they blew up their pipelines so they want a little payback
(zerohedge)
UK Warns Russian Spy Ship Entered Waters, Loitered Over Undersea Cables
by Tyler Durden
Wednesday, Jan 22, 2025 – 09:40 AM
Amid heightened concerns over a series of undersea cable disruptions in the Baltic Sea—believed to be caused by anchor draggings—European security officials have been alarmed by the possibility of hybrid attacks targeting critical infrastructure by Russia or China. Adding to the unease, Britain’s defense minister issued a warning on Wednesday about a Russian spy ship operating in UK waters.
UK Defence Secretary John Healey made clear to the House of Commons that a Russian spy ship, Yantar, had been detected in the English Channel and loitered over critical undersea infrastructure. This was first reported by the Financial Times.
“Russia remains the most immediate and pressing threat to Britain … and any threat will be met with strength and resolve,” Healey said.
He said the Yantar spy ship had passed through the Strait of Dover and into Dutch waters.
Healey noted that a Royal Navy submarine surfaced near the Yantar to warn the crew that its every movement would be tracked.
“I want President Putin to hear this message: ‘We see you, we know what you’re doing and we will not shy away from robust action to protect this country,” the defense official told lawmakers.
He added: “We will continue to call out the malign activity that Putin directs, cracking down on the Russian shadow fleet.”
In a statement to the House of Commons, Defence Secretary John Healey made clear that Russia is the most immediate threat to Britain. Watch here. pic.twitter.com/RkjRUxaHuR
Over the past 18 months, three alarming incidents have been reported in which commercial ships traveling to or from Russian ports are suspected of severing undersea cables in the Baltic region.
Police confirmed the attack as terror following an initial investigation. They went on to say the attacker stabbed three people on Nahalat Binyamin Street, followed by a fourth person on nearby Gruzenberg Street.
Israeli media reported that an American residency permit and border control ticket were found on the body of the attacker. They showed that the attacker was a Moroccan citizen with American permanent residency and had entered Israel on a tourist visa on January 18.
Interior Minister Moshe Arbel said that border control officers at Ben Gurion Airport refused to let in the terrorist and demanded that an investigation be opened into the matter. Shin Bet agents overruled the decision and permitted him to enter Israel, according to reports in Israeli media.
According to Arbel, officers “transferred him to security officials for questioning, who unfortunately decided to allow his entry into Israel.” The minister called on Shin Bet (Israel Security Agency) chief Ronen Bar “to investigate the serious incident and draw lessons from it as soon as possible.”
Magen David Adom treating the attacker after central Tel Aviv terror attack, January 21, 2025. (credit: AVSHALOM SASSONI/MAARIV)
Medics and paramedics are providing medical treatment to two wounded 24-year-olds and a 59-year-old man in light condition, Magen David Adom said following the incident.
The attacker was shot, with multiple eyewitnesses reporting gunfire in the area.
Attacker neutralized
Police confirmed that the attacker had been killed. The attacker was reportedly shot by civilians.
Tel Aviv District Commander Asst.-Ch. Haim Sargaroff that “from his perspective, the incident is over. There were many [conflicting] reports. I can say that there was one terrorist. There are no others.”
Commissioner Danny Levy said, “There was a quick response by soldiers who neutralized the terrorist, as is expected of the security forces.”
This is a developing story.
END
TEL AVIV
US green card holder, a Moroccan national, wounds 4 in Tel Aviv terror stabbing spree
Two moderately wounded, two others lightly hurt; Shin Bet confirms it’s probing why the assailant was let into Israel after being interrogated at airport
Medical rescue and security teams at the scene of a terror stabbing in Tel Aviv on January 21, 2025 (Magen David Adom)
Four people were wounded Tuesday evening by a terrorist who went on a stabbing spree in a trendy Tel Aviv neighborhood, emergency services and Israel Police said, before he was shot dead.
The assailant who carried out the stabbing was Moroccan national Abdelaziz Kaddi, a US green card holder, according to an ID found on his body. He was shot dead at the scene.
Kaddi was flagged by security when he arrived in the country a few days ago but was nonetheless granted entry, a decision the Shin Bet said late Tuesday it was investigating.
It was the second terror stabbing in three days in the Israeli metropolis.
The Magen David Adom ambulance service said four people were wounded in the attack in Nahalat Binyamin. The victims include two men aged 24 and 28 in moderate condition, and two others aged 24 and 59 in good condition, MDA said.
Kaddi entered Israel on January 18 with a tourist visa.
Interior Minister Moshe Arbel said that immigration officials had identified Kaddi as a threat when he arrived in the country at Ben Gurion Airport and sought to bar him from entry. He was handed over to security officials for questioning.
“To my regret, they decided to allow his entry into Israel,” Arbel said in a statement. He called on the Shin Bet chief Ronen Bar to investigate the incident, which the security agency shortly later confirmed it was doing.
“Upon the subject’s entry into Israel, he underwent a security assessment that included his interrogation as well as additional checks, at the end of which it was decided that there was no information that established grounds to prevent his entry into Israel for security reasons,” the Shin Bet said in response to a query.
גורמי הביטחון בודקים: על גופת המחבל נמצא דרכון אמריקני. יליד 95 ממוצא מרוקני. בנוסף נמצא אישור כניסה לישראל מלפני 3 ימים. די חריג pic.twitter.com/m40ZGDimSj
— איתי בלומנטל 🇮🇱 Itay Blumental (@ItayBlumental) January 21, 2025
The attacker apparently stabbed three people before running to an adjacent street, where he wounded a fourth person.
Victims were taken to the city’s Ichilov Hospital.
Members of Israeli security forces leave the site of a terror stabbing attack in Tel Aviv on January 21, 2025. (Jack Guez/AFP)
Amid varying reports on who shot the assailant, the Ynet outlet cited members of an unspecified special forces unit, apparently off-duty, who said they noticed the attack in progress.
“We came down from an apartment and saw a stabber dropping someone to the ground. We shouted to him to stop and fired when he didn’t comply,” one of them told the outlet, without being identified.
Eyewitnesses told Hebrew media the terrorist arrived on a motorcycle ridden by another person who then left the scene.
Police combed the surrounding area looking for possible accomplices.
The knife used in a terrorist stabbing attack in Tel Aviv, January 21, 2025. (Israel Police)
The attack came three days after a man in his 30s was seriously injured in another terrorist stabbing in Tel Aviv.
He was also taken to Ichilov Hospital which later said his condition was stable and there was no threat to his life.
The terrorist in that incident was identified as Salah Yahye, 19, from the West Bank city of Tulkarem.
He was in Israel illegally, according to defense sources. Medics said he was shot dead at the scene.
END
ISRAEL/TERRORIST
The terrorists eliminated by an IDF officer
(JerusalemPost)
Tel Aviv terrorist thwarted by IDF officer wounded in Gaza
“I fought in Gaza about a year ago, was wounded, and lost my right hand,” the officer said, adding he chased the terrorist the moment he noticed the attack.
The terrorist who carried out the terror attack in Tel Aviv on Tuesday night in which several people were wounded was thwarted by an IDF officer who was previously wounded in combat in the Gaza Strip, Israeli media reported on Wednesday.
“I fought in Gaza about a year ago, was wounded, and lost my right hand,” Captain A. was cited as saying.
According to him, the moment he noticed the attack, he “tried to stop the terrorist, and we chased after him.”
He noted that he was suffering from a light wound to his hand and was being treated at the Sourasky Medical Center in Tel Aviv but was expecting to return to his military course tomorrow.
Tel Aviv terror attack
At least four people were stabbed during a terror attack on Tuesday evening on Nahalat Binyamin Street in Tel Aviv.
Several wounded in stabbing attack in Tel Aviv, January 21, 2025. (credit: CHEN SCHIMMEL)
The terrorist, Kadi Abd al-Aziz, stabbed three people on Nahalat Binyamin Street, followed by a fourth person on a nearby Street. Police confirmed that the attacker had been killed.
An American residency permit and border control ticket were found on the body of the terrorist, according to Israeli media reports.
end
ISRAEL HAMAS
ISRAEL HAMAS
ISRAEL/HAMAS
END
ISRAEL/HAMAS
END
ISRAEL //HAMAS
ISRAEL/WET BANK/HAMAS
IDF launches Operation Iron Wall against Palestinian terror in Jenin as PA exits
Palestinian Authority security forces exited the area following a month-long operation of its own against local Palestinian terror groups.
By YONAH JEREMY BOBJANUARY 21, 2025 12:42Updated: JANUARY 21, 2025 21:21
Palestinian security personnel and mourners seen in the West Bank city of Nablus, December 27, 2024(photo credit: Nasser Ishtayeh/Flash90)
The IDF began a wide-ranging operation on Palestinian terror in Jenin on Tuesday, killing several terrorists in the mission meant to last a minimum of several days and potentially much longer.
The campaign, dubbed “Operation Iron Wall,” includes drones and helicopter air support. There were also reportedly tanks in the vicinity – although not entering Jenin – and the Shin Bet (Israel Security Agency), Duvdevan, Egoz, other special forces, and engineering forces from Battalion 90 were all involved.
Similar campaigns this year have lasted a week or more, with the IDF saying the dual goals were to thwart “ticking bomb” (imminent) terror operations and to preserve IDF mobility in all areas of Judea and Samaria.
The IDF noted that several Palestinian terrorists were killed and others wounded but did not give a number.Prior to the IDF operation, the Palestinian Authority security forces exited the area following a month-long operation of its own against local Palestinian terror groups.
Although the IDF told The Jerusalem Post it gave the PA stronger than usual marks for going deeper into Jenin – even into the Jenin refugee camp – and getting its hands dirtier than usual against local terror, it appears that the January 6 Palestinian terror attack near Kedumim convinced the defense establishment that the efforts were still insufficient.
Palestinian security personnel and mourners seen in the West Bank city of Nablus, December 27, 2024 (credit: NASSER ISHTAYEH/FLASH90)
That terror attack was carried out by Jenin Palestinian Islamic-Jihad linked terrorists.
PA terror crackdown
The unusual PA operation in Jenin – the PA security forces had not entered the Jenin refugee camp in years – came about and was provoked after those local terror groups carried out a series of attacks on PA security forces, one of their cars, and a PA security station.
Defense Minister Israel Katz said the operation was also a broader show of force against Palestinian terror to deter Hamas and others from making trouble in the West Bank now that there are ceasefires with Hezbollah in Lebanon and Hamas in Gaza.
“This is another step toward achieving the goal we have set – strengthening security in Judea and Samaria,” Prime Minister Benjamin Netanyahu said of the operation.
“We are systematically and resolutely acting against the Iranian axis wherever it extends its reach – in Gaza, Lebanon, Syria, Yemen, and Judea and Samaria,” he continued.
Moreover, some top Israeli officials were eager to show that the release of 95 Palestinian security prisoners into the West Bank as part of the hostage exchange deal with Hamas would not cause the IDF to lose control of the area.
It was unclear how supportive IDF Chief of Staff Lt.-Gen. Herzi Halevi was of the operation, given that he announced his resignation the same day the operation started, and such an operation has been demanded by Finance Minister Bezalel Smotrich, with whom Halevi has had a borderline hostile relationship.
Following the operation, Hamas called for full “mobilization” in the West Bank on Tuesday.
Hamas also slammed the PA for its cooperation with the IDF, opening up a new chasm within the Palestinian camp at a time when many international parties are hoping the sides will work together in the near future to manage Gaza.
Jerusalem Post Staff contributed to this story.
END
ISRAEL WEST BANK /OPINION
In the midst of the ceasefire, Israel can change the situation in the West Bank – editorial
The time is right for Israel to find a way to stop a potential outburst of violence and chaos from happening.
Israelis are still celebrating the ongoing ceasefire with Hamas – and not just because the hostages have returned. Since the ceasefire has been implemented, the country has experienced a degree of quiet not seen since before October 7, 2023, without a rocket siren to be heard.
However, shortly before the ceasefire began, signs of danger began to once again emanate from the West Bank.
On January 6, three Israelis were killed in a terrorist attack in the Kedumim settlement in Samaria. On January 18, just before the ceasefire went into effect, several people were wounded in Tel Aviv’s Florentine neighborhood in what was determined to be a Palestinian terrorist attack.
These are not isolated incidents. Tensions are rising in Judea and Samaria once again.
Thankfully, Israel isn’t exactly unaware of this. On Tuesday, the IDF launched Iron Wall, a new military operation to eliminate Palestinian terrorists in Jenin. This followed a month-long push by Palestinian Authority security forces to crack down on local terrorist groups, despite not having sent troops into the Jenin refugee camp for several years, showing that the PA is taking the issue seriously as well.
People gather as Hamas militants terrorists for the handover of hostages to the Red Cross in Gaza City, January 19, 2025 (credit: REUTERS/MAHMOUD AL-BASOS)
Regarding the scope of the operation, Defense Minister Israel Katz said this was a show of force against Palestinian terror to deter Hamas and others from making trouble in the West Bank now that there is a ceasefire both with Hezbollah in Lebanon and Hamas in Gaza.
But Hamas has heard this, too, and shortly after the operation began, they called for general mobilization in the West Bank in response.
Couple this with the recent attack on the Palestinian town of Funduk by Jewish extremists, and tensions are certainly high.
What could potentially make this even worse is the release of Palestinian security prisoners as part of the hostage deal.
Returning to terrorism
As Shin Bet (Israel Security Agency) head Ronen Bar said on Friday, 82% of terrorists released as part of the 2011 Gilad Schalit prisoner swap returned to terrorism. He also noted that the current release of terrorists is expected to increase the motivation to carry out attacks against Israelis in Judea and Samaria.
The facts are clear: The West Bank is a powder keg ready to blow with the right conditions, especially now.
The time is right for Israel to find a way to stop a potential outburst of violence and chaos from happening.
The country is in the middle of ceasefires in the North and the South, and Hamas and Hezbollah have had their capabilities decimated over the past year. The Houthis in Yemen, the last Iranian proxy still posing a significant threat to Israeli security, have also announced they would halt hostilities for the duration of the ceasefire in Gaza.
And to top it all off, US President Donald Trump has returned to the White House. All signs point to his administration being far friendlier to Israel’s current policies, especially regarding the settlements.
One of Trump’s first acts in office was to lift sanctions on four Jewish settlers that the Biden administration had levied. If any world leader is going to give Israel the support it needs to bring quiet to Judea and Samaria, it’s going to be Trump.
Let’s not be fooled
It’s time to look at the situation in the West Bank and do something. Israel is experiencing its calmest moment since before the October 7 massacre. But let’s not be fooled: Hamas has a firm hold on the West Bank, as well as Gaza. We cannot allow them to rise to power.
In addition, we commend the cooperation between the IDF and the PA.
Though the authority is corrupt, and its intentions are very different from those of Israel, the security cooperation, taking place in such a public manner, is a positive one. The PA and Israel see eye-to-eye on the elimination of Hamas to prevent it from obtaining political power.
Many PA leaders have supported the October 7 massacre, but the fact that they align with Israel on a common enemy could result in strengthening the authority. A vigorous PA isn’t the best option for Israel, but it’s the least worst option of them all.
END
ISRAEL IRAN
three weeks ago the Iranian rial hit 770,000 per one usa dollar. Today, 880,000
Iranian news…
Iran’s rial hits new low after minister acknowledges slide
Dec 23, 2024, 19:24 GMTUpdated 9:54 PMShare
A man buys Iranian rials from a seller of Iranian currency, before the start of the U.S. sanctions on Tehran, in Basra, Iraq November 3, 2018
The Iranian currency hit yet another all-time low of 780,250 rials to the US dollar on Monday after the country’s economy minister acknowledged the significant devaluation of the currency.
In a statement during a session of the Iranian parliament’s economic commission, Abdolnasser Hemmati said that under normal political and economic circumstances the rial should be trading somewhere close to 73,000 per dollar—a figure significantly higher than Iran’s official exchange rate.
“Of course, this calculation assumes normal economic conditions and stable political and security situations,” Hemmati said.
Upheaval in Syria and tensions with Israel along with threats to the economy as US President-elect Donald Trump prepares to take office were among the causes, Hemmati said.
“Given 30% inflation, it is impossible to maintain a stable exchange rate,” Hemmati said.
While Iran has multiple exchange rates, including the open market rate and the official rate, the open market rate most accurately reflects the true value of transactions.
Hemmati further noted that while the government’s official exchange rate is 400,000 rials to the dollar, many goods are traded in the market within the 700,000 to 800,000 rials range.
The reaction to Hemmati’s remarks in Tehran’s currency market was swift and severe. Within hours, the dollar climbed by over 20,000 rials. According to data from Tehran exchange offices, the dollar traded at 780,250 rials, while the exchange rate for dollar remittances rose to 790,800 rials.
The minister later retracted his remarks and said his comments were misinterpreted and that a video of the session had been edited. However, his commentary was widely covered in local media, and currency traders interpreted his comments as a potential sign of further devaluation of the rial.
Hemmati is scheduled to appear before parliament on Tuesday, alongside other officials including the Central Bank’s governor, Iranian media reported. Lawmakers are set to discuss measures to address exchange rate fluctuations and improve economic stability.
The rial has depreciated by over 25% since September, driven by regional conflicts and Iran’s setbacks in Syria and Lebanon.
Since the establishment of the Islamic government in 1979, the Iranian currency has undergone an 11,000-fold decline in value.
END
IRAN/ENERGY
this is a very important read: Iran is in crisis because of energy problems and currency problems
Iran is experiencing a systemic energy crisis. While many times in the past, Iran has had gas shortages or refined product shortages, this time Iran is undergoing an energy meltdown, with parallel shortages of electricity, natural gas and refined products. The Iranian energy crisis can affect regime stability. The lack of ability to provide basic energy needs to the public is an indicator of significant regime weakness. Iran’s gas trade with its neighbors— Turkey and Iraq—has also been disrupted. There is no quick fix to Iran’s energy shortages, which will continue to limit economic activity.
Iran holds the world’s second largest natural gas reserves and is the fourth-largest holder of oil reserves globally. With 300 sunny days annually, vast coastal and mountainous windy regions, the country also has strong wind and solar potential. Yet, Iran faces a constant 20% electricity deficit, a 25% natural gas deficit, and severe shortages of petroleum products, especially gasoline. For years, Tehran has seen the energy crisis coming but took no meaningful steps to avert it.
There is no quick fix to Iran’s energy crisis. Iran’s Oil Minister Mohsen Paknejad said this week that Iran needs $45 billion in investment to emerge from the energy crisis. Iran could reduce the impact of the crisis through increased gas imports from Turkmenistan. However, Iran has not been able to sustain gas import from Turkmenistan over the years, due to Tehran’s lack of payment. The regime’s energy subsidies to the public are also a huge financial burden, with close to a quarter of Iran’s GNP expended on subsidies.
There are multiple factors in Iran’s energy crisis.
One, the domestic gas and power prices in Iran are too low and this leads to high energy demand. The low prices are essentially a government subsidy aimed to keep the public complacent. In the past, when the government has raised energy prices, they have often triggered large-scale protests. The regime cannot risk new unrest. With such low prices, there is no motivation for private investment in gas and power supply in Iran and the government loses money on the energy it provides to the public.
Second, Islamic Revolutionary Guard Corps (IRGC) commanders control the energy sector, like most infrastructure and communication sectors in Iran. The finances are murky and there is extensive corruption. Even when the government allocates funds for maintenance and expansion of energy infrastructure, a lot is syphoned off.
Third, subsidized refined products are smuggled abroad, exacerbating the shortages. Approximately, 20% of Iran’s fuel production is smuggled and sold abroad. There is a huge gap in prices in gasoline and other refined products between Iran and its neighbors, making smuggling abroad a very lucrative business.
Fourth, Tehran has not maintained its energy infrastructure and production consistently. Due to aging and inefficient infrastructure, Iran loses during production and transmission 40% of the total household electricity and gas consumption in Iran. In addition, Iran does not maintain sufficient gas storage capacity, in order to balance seasonable demand and production swings and other challenges.
Last, policy priorities generated the energy crisis: for close to a decade, Tehran provided Syria with 80,000-100,000 barrels a day of oil cost-free (on a credit line that will never be paid), while failing to provide sufficient fuel to its own citizens.
The energy crisis is having a huge impact on Iran’s economic output. Between 30-50% of Iran’s factories are currently idle due to lack of regular power. The crisis also affects Iran’s oil production, since gas for injection into fields is lacking. Iran’s steel production declined in half over the last year due to the energy crisis. Several of Iran’s refineries are not operating due to the lack of power, adding to the refined fuel shortage. This creates shortage of refined products for the domestic market as well as cuts into export revenue. Due to the energy crisis, some 22 cement plants are idled and pharmaceutical production had declined.
Iran’s energy crisis affects its food production as well. Iran’s fertilizer production is down, due to the lack of natural gas for feed stock. Higher fertilizer prices generate higher agricultural good prices. In previous summers, the energy crisis has hurt crops, since frequent electricity disruptions incapacitated water pumps.
In contrast to the regime’s statements, sanctions are not the cause of the Iranian energy crisis. Iran does not need foreign equipment to produce natural gas and power. Russia has been under sanctions for over a decade, and still manages quite well to provide electricity and heat to the Russian population. Iran could purchase from Russia and China any equipment it cannot manufacture at home. In addition, this is not Israel’s doing. With no evidence, the regime claims that last year Israel attacked two gas pipelines, and this is the cause of the crisis. However, gas pipelines are relatively easy to fix, and this does not explain the all-out shortages in electricity and fuel.
The gas shortages also affect Tehran’s natural gas export. Tehran exports gas to Turkey, Iraq and Armenia. The Minister of Energy and Natural Resources of Turkey, Dr. Alparslan Bayraktar, stated that Iran’s exports to Turkey are currently at half of its contractual commitment. Iraq also reported cutbacks in oil production due to the supply disruption of Iranian gas.
Iran’s power demand has continued to grow, but generation has not kept up. According to Iranian government estimates in 2010, the country needed annual electricity generation growth of at least 7% to avoid electricity shortages, but Iran only reached half that rate. In 2023, only one third of the electricity production was achieved. And, last year, electricity generation growth was even lower.
Source: Tehran Chamber of Commerce
Currently, over 90% of the country’s electricity is generated by thermal power plants, with very low efficiency rates. Some of the country’s oldest plants have efficiency rates as low as 20%. Renewables provide only 1% of Iran’s electricity.
Iran also has a major gasoline and diesel deficit. To address these shortages, Tehran imports fuel from neighbors, including Russia.
Frequent blackouts and lack of fuel have been triggers to widespread regime protests and government overthrow in multiple locations in the world. The regimes of Egyptian presidents Hosni Mubarak and Mohammad Morsi, both fell after protracted power blackouts. The civil war in Syria during Bashar al-Assad’s reign, emerged right after Syria’s oil production fell to the level of its domestic consumption, leaving little oil revenue to fund the government and its security services. This year in Bangladesh, protestors toppled the government of Prime Minister Sheikh Hasina amid widespread power outages. Iran’s energy crisis can galvanize further opposition to the rule of the unpopular Islamic Republic. Iran’s energy crisis and potential regime crisis is happening on the eve of President Trump’s return to the White House and he is set on removing the Iranian threat.
Brenda Shaffer is a faculty member of the U.S. Naval Postgraduate School.
Dalga Khatinoglu is an expert on Iran energy issues. He served as head of Iran news service at Azerbaijan’s Trend News Agency (2007-2017) and was at Natural Gas World (2014-2020). Currently he is at RFE/RL and DW (Persian desk).
END
HOUTHIS /ISRAEL AND THE WEST
Ocean Rates Could Fall As Houthis Say They Will End Red Sea Attacks
Yemen’s Houthi rebels said they will cease attacks on Israel and on merchant shipping in the Red Sea as a ceasefire between Israel and Hamas took effect Sunday.
“If Israel stops the aggression in Gaza, and if the U.S., UK and Israel stop the aggression against Yemen, the Houthis will stop their operations, including attacks against navies and commercial ships,” Houthi spokesperson Mohammed al-Bukhaiti told Arab news service Al Jazeera on Saturday.
The ceasefire began over the weekend with an exchange of Israeli hostages from Gaza and Palestinian prisoners held in Israel. Later phases will include the withdrawal of Israel from Gaza.
Ocean lines have said they are watching developments in the Red Sea but have offered no timeline to resume regular schedules there. Among major lines, only CMA CGM has maintained a schedule on the Suez Canal route.
“The situation in the Suez Canal remains fluid and the security situation is unclear,” said MSC, in an email to FreightWaves. “In order to guarantee the safety of our seafarers and to ensure consistency and predictability of service for our customers, MSC will continue to transit via the Cape of Good Hope [around Africa] until further notice”
The diversions away from the Red Sea absorbed capacity and pushed up rates to cover higher operating expenses for voyages as much as two weeks longer than normal. That’s been a boon for carriers who saw profits swell by billions of dollars in late 2024.
But a confluence of factors could moderate prices with negotiations on 2025 ocean rates well underway: a return to less costly sailings on the Suez route; a slack shipping season ahead of Lunar New Year; and the deployment of new ships expected to begin in February, when reorganized carrier alliances and vessel-sharing agreements go into effect.
The Iran-backed Houthis, a rebel militia that controls about 40% of Yemen, began attacking merchant ships they claim were linked to Israel and Israel-supporting countries in the Red Sea-Suez Canal route shortly after the terrorist attacks by Hamas on Israel on Oct. 6, 2023. The attacks have reshaped the global supply chain as major container and crude oil tanker lines connecting Asia, Europe, the Mediterranean and United States have diverted away from the region and on longer voyages around the Horn of Africa.
A multinational force of American and European Union navies has taken up patrols of the Red Sea and Gulf of Aden, escorting vessels and turning back Houthi strikes.
Two merchant seamen have been killed in the Houthi attacks, and two vessels and their crew remain captive, in Yemen and Iran.
At the same time, U.S. and U.K. forces have continued to carry out strikes on Houthi targets inside Yemen. Attacks against shipping have declined in recent months as the Houthis shifted to more direct attacks on Israel.
LEBANON
Hezbollah official assassinated by unknown gunmen outside his home in Lebanon – report
Hammadi may be the same Muhammad Hamamdi, who is on the FBI’s most-wanted list following his hijacking of a West German plane in 1985, during which an American service member was tortured to death.
Hezbollah official Sheikh Muhammad Ali Hammadi reportedly died of his wounds after unknown gunmen opened fire on him, killing him instantly, Al-Akhbar, a Hezbollah-affiliated news source, reported on Tuesday.
He was shot outside his home in the Bekaa Valley. At this time, it is unclear who shot Hammadi, Israeli media reported.
An-Nahar reported that the assassination was not political in nature and was instead motivated by a four-year-old family feud.
Security forces have begun an investigation to determine the circumstances, an Al-Manar TV correspondent said.
FBI’s most wanted
Hammadi may be the same Muhammad Hamamdi, who is on the FBI’s most-wanted list following his hijacking of a West German plane in 1985, during which an American service member was tortured to death.
Hamamdi was reportedly killed in a strike in Pakistan, according to Pakistani intelligence, but this was never confirmed, and the FBI kept him on the list following the strike.
Hamamdi is wanted for over a dozen crimes, including hostage taking, air piracy resulting in murder, and placing explosives aboard an aircraft.
RUSSIA/UKRAINE/USA
(Korybko)
Did Trump Just Drop Some Hints About His Peace Plan?
Trump said a few words about Russia shortly after his reinauguration while signing Executive Orders in the Oval Office.
They’re important to interpret since they might hint at his peace plan, which he’s yet to officially reveal, but reports have circulated claiming that he’ll “escalate to de-escalate” through more sanctions against Russia and armed aid to Ukraine if Putin rejects whatever deal he offers.
He’ll likewise allegedly cut Ukraine off if Zelensky rejects the same deal.
“Zelenskyy told me he wants to make a deal, I don’t know if Putin does … He might not. I think he should make a deal. I think he’s destroying Russia by not making a deal. I think, Russia is kinda in big trouble. You take a look at their economy, you take a look at their inflation in Russia. I got along with [Putin] great, I would hope he wants to make a deal.
He’s grinding it out. Most people thought it would last about one week and now you’re into three years. It is not making him look good. We have numbers that almost a million Russian soldiers have been killed. About 700,000 Ukrainian soldiers are killed. Russia’s bigger, they have more soldiers to lose but that’s no way to run a country.”
Starting from the beginning, his claim that Zelensky “wants to make a deal” coupled with his uncertainty about Putin’s willingness might be meant to portray the latter as an obstacle to peace, thus possibly setting the stage for the previously mentioned punitive measures.
As for his opinion that Putin is “destroying Russia”, that’s hyperbole but frames his counterpart as the weaker of the two, especially when contrasted with Trump’s declaration earlier that day about the start of an American Golden Age.
He then elaborated by pointing to Russia’s inflation rate, which is implied to be the result of the West’s unprecedented sanctions and correspondingly hinting at the possibility of some relief in exchange for Putin agreeing to compromise instead of continuing to pursue his maximum goals.
Building upon that, citing Ukraine’s grossly inflated estimate of Russian losses might belie ignorance of the facts if he truly believes their numbers, but it could also reaffirm his expectation that Putin must compromise.
To explain, Trump seems to believe that Western sanctions’ effect on the Russian economy and the battlefield losses that Russia has suffered (both of which are exaggerated in the context that he referred to them) justify proposing compromises from Putin, not giving into his demands. For this reason, it’s likely that the earlier reports about him planning to propose something less than what his counterpart signaled would be acceptable are true, after which he’ll “escalate to de-escalate” if it’s rejected.
Observers can only speculate about the substance of his envisaged proposal, but it might look something like what was suggested at the end of this analysis here, particularly with regards to the proverbial carrots that Trump might offer Putin with regard to Ukraine’s neutrality and phased sanctions relief.
As for the compromises that might be requested of Russia, these could include freezing the Line of Contact while being asked to accept only the partial demilitarization of Ukraine and practically no denazification.
Trump’s known for his capriciousness, however, so it might be that he either didn’t mean to hint at anything at all in his latest remarks about Russia or he might unexpectedly change his mind about the compromises that he considers to be acceptable for each party during his upcoming call with Putin.
Nobody can therefore say with certainty what he had in mind, let alone what he’ll ultimately do, but this analysis is premised on the assumption that he might have even subconsciously let part of his plan slip.
END
“Settle Now, And STOP This Ridiculous War!”: Trump Threatens Tariffs As Russia Sees ‘Small’ Window For Deal On Ukraine
Wednesday, Jan 22, 2025 – 11:40 AM
Russia says there is a ‘small’ window of opportunity to make a deal with Donald Trump over Ukraine, just one day after the US President threatened to impose sanctions on the Kremlin if Russian President Vladimir Putin refuses to negotiate.
“Compared to the hopelessness in every aspect of the previous White House chief (President Joe Biden), there is a window of opportunity today, albeit a small one,” Russian Deputy Foreign Minister Sergei Ryabkov told an audience at the Institute for US and Canadian Studies in Moscow, a Russian think tank that focuses on US and Canadian affairs.
“Compared to the hopelessness in every aspect of the previous White House chief (President Joe Biden), there is a window of opportunity today, albeit a small one,” he added. “It’s therefore important to understand with what and whom we will have to deal, how best to build relations with Washington, how best to maximise opportunities and minimise risks.”
Putin has repeatedly said that he’s ready to negotiate an end to the war in Ukraine, but that Russia’s current control of roughly one-fifth of the country would have to be accepted, and that Ukraine must remain neutral, Reuters reports.
Trump Threatens Tariffs
In a Wednesday post to Truth Social, Trump said he’s not looking to ‘hurt’ Russia, but that he’s going to do the country “whose Economy is failing, and President Putin, a very big FAVOR,” adding “Settle now, and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE. If we don’t make a “deal,” and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries.”
The post follows Tuesday comments from Trump, in which he said “We’re talking to (Ukrainian President Volodymyr) Zelenskiy, we’re going to be talking with President Putin very soon,” adding “We’re going to look at it.”
Reporter: "If Vladimir Putin doesn't come to the table to negotiate with you, will you put additional sanctions on Russia?"
Trump: "Sounds likely."
"The war should have never started. If you had a competent President, which you didn't, the war wouldn't have happened. The war in… pic.twitter.com/JDj43sFQCW
Family members of those harmed by vaccines told the UK Covid-19 Inquiry they were forced to form their own support systems after being ignored by the authorities and made to feel like “an uncomfortable truth” of the rollout.
Kate Scott, speaking on behalf of the group Vaccine Injured and Bereaved UK (VIBUK), said they felt they were “almost being pushed into the shadows” as the overwhelming official message continued to be that the jabs were ”safe and effective” in spite of their experience.
Last week’s hearing also heard from a victims’ group in Scotland which raised concerns that the vaccine had been rolled out at such speed that public safety had been sacrifice
Module 4 of the long-running inquiry, chaired by Baroness Heather Hallett, is examining issues relating to the development of COVID-19 vaccines and other drugs.
Scott, whose husband Jamie was left severely disabled by the vaccine, said:
“We are an uncomfortable truth, but we are a truth, and the truth is for everyone in our group, the vaccine caused serious harm and death.”
Jamie Scott spent over a month in a coma after suffering the life-threatening side effect known as vaccine-induced immune thrombosis and thrombocytopenia after taking the now withdrawn AstraZeneca jab.
He survived but with a serious brain injury which has left him unable to work, partially blind, and unable to live independently, while his wife also had to give up her job to help care for him.
‘Too Little, Too Late’
He received the maximum payout of £120,000 from the government’s Vaccine Damage Payment Scheme (VDPS) which is given to those who are assessed as being left 60 percent disabled as a result of a vaccine.
The inquiry will consider whether the VDPS should be reformed after some vaccine-injured people were left without the payment because they were assessed as not being severely disabled enough, even when left with life-changing health problems.
Kate Scott said, “The scheme is inadequate, insufficient, and offers too little too late and to too few.”
She told the hearing that victims of vaccine damage were made to feel that were “the only ones, or the unlucky ones, and just get on with it, and that’s impossible when you’re grieving a loved one, or your husband is in intensive care.”
A Freedom of Information request made by VIBUK showed that, as of November 2024, victims or their family members have made 17,519 claims to the scheme.
Of these, just 194 have so far been told that they are entitled to the payment, while 1,027 people have had to wait more than 12 months to hear if their claim was successful, and 126 people are still waiting for a decision more than three years after submitting their claim.
Inquiry chair, Baroness Heather Hallett arrives at the UK Covid-19 Inquiry at Dorland House in London, during its first investigation (Module 1), on July 12, 2023. PA
‘Traumatic Process’
Ruth O’Rafferty, from the Scottish Vaccine Injury Group, said the VDPS application process was “traumatic” for all those who went through it, with some members having to move house or use food banks because of the waiting time or the refusal.
“A lot of us are neurologically impacted, so we find it difficult to communicate. Some are so severely injured that they can’t actually write,” she said.
O’Rafferty, who suffered a brain injury following the jab, told the inquiry that many of the 750 members of her group have said there was no informed consent before they or their family members took the vaccines.
“A lot of our members were not given a leaflet until after they had the vaccine, which means they didn’t really … know what they were consenting to, and we now know the level of damage and breadth of injury that can result and even [some types] not listed in the leaflet.”
She added that the support groups are aware of a greater variety of injuries caused by the jabs than those acknowledged by official sources, such as the Medicines and Healthcare products Regulatory Agency, which administers the Yellow Card reporting scheme, or the UK Health and Security Agency (UKHSA), which is responsible for the Green Book of immunisation information for health professionals.
“We feel that the Yellow Card [system] is not fit for purpose,” O’Rafferty said, because too many people were not aware of it, and often doctors were not reporting vaccine side-effects and injuries to it because the Green Book did not recognise a particular condition as being caused by a jab.
“The Green Book only mentions myocarditis, thrombosis, and Guillain-Barre syndrome, really,” she said.
Kate Scott said that in terms of pharmacovigilence, she wants to see it become mandatory for medical staff to ask if those rushed to A&E have recently been vaccinated in case it is a factor in their condition.
She added that if the vaccine-injured and bereaved had been allowed to share their stories with the media or online without censorship, lives could have been saved as some people might have been aware of the side-effects and sought medical treatment more quickly.
Former Health Secretary Matt Hancock during a visit to an NHS vaccine centre in January 2021. Dominic Lipinski/PA
Censorship
“You were not allowed to even suggest that vaccines cause injury or bereavement … posts were removed online of death certificates,” she said, because social media giants were labelling these posts as “misinformation.”
The hearing was also shown a 15-minute video of people sharing a variety of experiences around vaccination, including those who welcomed the jabs as the only way they felt life could return to “normal,” and from COVID-19-bereaved people who felt earlier access to the jabs might have saved their loved ones.
Counsel for the UKHSA told the inquiry that the vaccines had prevented over 100,000 deaths in the UK alone, while former Health Secretary Matt Hancock said it was only through the rollout of the jabs that the country had been released from lockdown.
Hancock praised those involved in the vaccine rollout, saying:
“The question … is whether it is net positive in terms of taking it,” adding that, “The vaccines were valid and safe and saved lives.”
The former health secretary, who stood down as an MP at the last general election, told the inquiry that he “of course” accepted there had been serious side-effects and deaths, and that the systems for flagging up complications were imperfect.
“We came to see the pharmacovigilence systems as effectively like a Phase 4 trial,” he said, when questioned by Anna Morris, KC, acting for the vaccine injured and bereaved.
The fourth module of the inquiry is set to run until the end of January.
END
Trump Says He’ll Reinstate Troops Who Refused COVID-19 Vaccination
President Donald Trump said on Jan. 20—moments after being sworn into office—that he would reinstate former members of the military who refused to receive a COVID-19 vaccine.
“This week, I will reinstate any service members who were unjustly expelled from our military for objecting to the COVID vaccine mandate with full back pay,” Trump said at the U.S. Capitol in Washington.
“And I will sign an order to stop our warriors from being subjected to radical political theories and social experiments while on duty. It’s going to end immediately.”
Both promises drew applause from the crowd that had gathered to watch Trump be sworn in and deliver a speech.
“Our armed forces will be freed to focus on their sole mission: defeating America’s enemies,” Trump said.
Under direction from then-President Joe Biden, the military imposed a COVID-19 vaccine mandate in 2021. More than 16,000 troops requested religious accommodation, but many of the requests were denied. The military discharged more than 7,000 troops whose requests were denied, and who still refused to receive a COVID-19 shot.
The military rescinded the mandate in 2023, obeying a bill approved by Congress and signed by Biden.
Another bill required the military to consider reinstating former members who were discharged for refusing the vaccine and had requested reinstatement, but it did not compel the military to accept them back.
Some lawmakers advocated for including mandatory reinstatement in the legislation but did not succeed in ultimately including it.
“Thank you @realDonaldTrump for pledging to implement provisions in my bill, the Troop Act, which would reinstate soldiers who were discharged for refusing to take a COVID shot,” Rep. Neal Dunn (R-Fla.), a doctor, wrote on the social media platform X on Monday. “Today marks the beginning of the American golden age!”
Thank you @realDonaldTrump for pledging to implement provisions in my bill, the Troop Act, which would reinstate soldiers who were discharged for refusing to take a COVID shot.
Multiple courts found that the military violated federal law in processing religious exemption requests, although one of those rulings was thrown out by the U.S. Supreme Court.
A federal watchdog also concluded that several branches violated their own rules in handling requests for exemptions from the mandate. A settlement reached in one of the lawsuits brought by aggrieved members resulted in the correction of records for the members, which led to them being eligible for reenlistment.
Trump’s nominee for defense secretary, Pete Hegseth, told senators on Capitol Hill recently that the Pentagon would be giving back pay to former members who were “forced out due to an experimental vaccine.”
He also said the individuals would be reinstated to their previous rank, and receive apologies.
David Lynch; Warp Speed leader Paul Mango; actors Christian Juttner, Kenny Law, Robert Machray, Leslie Charleson; movie exec Michael Schlesinger (74, C); B’way director Lynne Taylor-Corbett; & more
Legendary director of ‘Twin Peaks’ and ‘Blue Velvet,’ dead at 78; his Pfizer vaccination was “painless”
January 16, 2025
David Lynch, a storied American moviemaker, musician and actor, has died at 78. Lynch was the mastermind behind “Twin Peaks,” a cult-classic television series that brought film-like surrealism to the small screen. Other notable works included the movies “Mulholland Drive” (2001), “The Straight Story” (1999) and “Lost Highway” (1997). The filmmaker’s family did not share the cause of his death. Last year, the director revealed he had been diagnosed in 2020 with emphysema, a lung disease caused primarily by smoking. Nevertheless, “I am filled with happiness, and I will never retire,” Lynch assured his fans on social media last August. “I want you all to know that.”
Researcher’s Note - Undoubtedly Lynch did have emphysema, but he also took all his “vaccines” per his own ongoing “vlog” announcements. He also (per above) said he would never retire (willingly at least). David Lynch announces getting his Pfizer vaccine: Link Link
Paul Mango, Warp Speed leader and Trump adviser, dies at 65
January 16, 2025
WASHINGTON, DC — Paul Mango, an integral part of the Trump administration’s drive to invent coronavirus vaccines and treatments, has died at 65. Mango joined former President Trump’s Health and Human Services Department in 2019 as deputy chief of staff. During the Covid-19 pandemic, he became the agency’s chief liaison to Operation Warp Speed, the record-breaking effort to develop new vaccines and medicines to counter the coronavirus pandemic. He published a memoir about those months, “Warp Speed: Inside the Operation That Beat COVID, the Critics, and the Odds,” in 2022. In the book he lauded Moderna’s cooperation with the government in developing clinical trials and delivering millions of doses. He criticized Pfizer for a lack of transparency and not collaborating more with the Trump administration. But overall, he painted a picture of a national effort to overcome historical odds to develop new vaccines. He previously worked for the Centers for Medicare and Medicaid Services and ran unsuccessfully to be governor of Pennsylvania, losing in the 2018 Republican primary. The cause of death has not been disclosed.
Former Disney child star Christian Juttner dead at 60 with tragic news confirmed by daughter
January 17, 2025
Former 70s child star who appeared in several Disney productions Christian Juttner has died at the age of 60. He reportedly passed away from natural causes at his Yucca Valley, California home. His daughter Aidan Juttner confirmed his death to The Hollywood Reporter. After retiring from acting, he and his father John started a glassworks company in the Caribbean island of Saint Croix. He later founded his own glassworks business out of Santa Clarita, California. According to his daughter Aidan, the former child star died of natural causes on November 29, 2024.
Kenny Law, best known for starring on Discovery’s “Moonshiners,” has died, TMZ has learned. Kenny’s cousin Henry Law tells TMZ the third-generation, Virginia-based distiller passed away in a local hospital Tuesday after battling a myriad of health issues the last several years. As Henry puts it, Kenny was dealing with heart trouble for some time, and had a heart attack back in 2024. He also struggled with diabetes, which was a constant factor in his ongoing health struggles. Henry says it was a combination of these issues, as well as a blood infection, that led to Kenny’s hospitalization for the last month and subsequent death this week. Per Henry, Kenny’s body just wore out after fighting both the infection and his underlying conditions. We’re told Kenny’s family was with him when he died.
Robert Machray, Veteran Stage Actor and Fire Marshal Dobbins on ‘Cheers,’ Dies at 79
January 14, 2025
Robert Machray, who starred as Orson Welles on the stage and played Fire Marshal Dobbins on Cheers in an acting career that spanned five decades, has died. He was 79. Machray died Sunday at his home in North Hollywood [CA] after enduring two strokes and a brief battle with dementia, his husband, Luigi Camperchioli, told The Hollywood Reporter.
General Hospital’s Leslie Charleson hospitalized after horror fall just days before death
January 13, 2025
Leslie Charleson was rushed to hospital last week after suffering a horror fall. The General Hospital actress, who played Monica Quartermaine on the soap, has died at the age of 79. Her cause of death is yet to be revealed, but Leslie had been struggling with a number of illnesses in recent years. The TV star suffered several falls which prevented her from being able to get around. Leslie needed to use a walker to help with her mobility following the falls. She was even rushed to hospital just one week before her death after a fall.
Michael Schlesinger, Repertory Executive and Champion of Films, Dies at 74
January 13, 2025
Michael Schlesinger, who for more than 25 years worked as a studio repertory executive for divisions at United Artists, Paramount and Sony as a champion of film classics and forgotten B-movies alike, has died. He was 74. Schlesinger died Thursday at Cedars-Sinai Medical Center in Los Angeles after a bout with cancer.
The popular Cuban comedian José Téllez, “El Chico Bombón,” has died in Miami
January 16, 2025
The popular Cuban comedian José Ricardo Téllez Fernández, better known as “El Chico Bombón”, was found dead by friends on Wednesday night in his apartment in Miami, as confirmed on social media by figures close to the deceased. The cause of death of the artist is being investigated, who was 56 years old at the time of his passing. The news, which has shocked his followers and the Cuban entertainment world in general, was confirmed, among others, by the comedian Andy Vázquez. “We don’t know anything else. The causes are currently being investigated. As soon as I know something, I will inform you,” the comedian stated in the comments section of his post. In recent years, after settling in South Florida, José “El Chico Bombón” continued to nurture his art in various formats. In theaters and nightclubs, he became a central figure for the Cuban community in exile. Recently, he had joined the group of Cuban artists working on the platform Pronyr TV.
Lynne Taylor-Corbett, American choreographer, director and lyricist [68]
January 14, 2025
On Broadway, Taylor-Corbett received dual Tony nominations for her direction and choreography of the 2000 revue Swing! She choreographed the musicals Chess and Titanic, as well as the Joan Rivers vehicle Sally Marr…and her escorts. Off-Broadway, Taylor-Corbett’s decades of credits include the award-winning Wanda’s World, the lauded My Vaudeville Man, and Cougar the Musical, among many other shows. Her final project was the 2024 off-Broadway musical Distant Thunder, which she directed and choreographed, as well as cowrote with a team that included her son, Shaun Taylor-Corbett. He is among her survivors.
Cecile Richards [67], former Planned Parenthood president, has died
December 20, 2025
Cecile Richards, a women’s rights crusader who served as president of Planned Parenthood as the nation approached a critical inflection point over reproductive freedom, has died, her family said Monday in a statement. She was 67. While Richards’ family did not disclose her cause of death in the statement, Richards spoke openly with CNN’s Anderson Cooper last June about her battle with glioblastoma– an aggressive type of brain cancer that is incurable and has a survival rate of 12 to 18 months.
Amy Lau dies: Tributes to New York City interior design expert and Design Miami Fair founder
January 19, 2025
Amy Lau was born in Arizona and set up her self-named design firm in New York City in 2001. She was also responsible for the Design Miami Fair – described as “one of the most prestigious events in the design world” – which brought together galleries which specialized in design. She died on Friday aged 56. It was reported that she had been suffering from cancer. Her death has sparked warm tributes, praising her as a person and remembering her talent.
Original Graveyard Rodeo Drummer Wayne ‘Doobie’ Fabra Dead At 58
January 18, 2025
Wayne “Doobie” Fabra, original drummer of the groundbreaking New Orleans [LA] band Graveyard Rodeo, died on January 15. He was 58 years old. Fabra later surfaced as the singer of Christ Inversion and drummer for the reactivated Necrophagia over the course of the 1990s and into the 2000s.
Researcher’s Note - His family would like to express many thinks to the doctors and staff of University Medical Center and Acadian Ambulance Service: Link
Guitarist José Luis de la Paz has died at the age of 57 in Miami
January 15, 2025
Huelva has lost one of its most international artists this morning: guitarist José Luis de la Paz has died at the age of 57 in Miami. His death has surprised many in his homeland, where only those closest to him knew of the illness that has taken him in a very short time. A very aggressive cancer, without the possibility of fighting and moving forward, as he always did in his life, has not allowed him to continue giving free rein to his enormous talent, his extraordinary creativity and his unwavering commitment to music as an art and a way of life.
Father of former NASCAR champion Martin Truex Jr. Dies at 66
January 17, 2025
Martin Truex Sr., the father of former NASCAR champion Martin Truex Jr., has died, Truex and his brother said in a statement. He was 66. No details of Truex Sr.’s death were revealed. Truex Sr. Was a former driver in NASCAR’s second-tier Xfinity Series, where he made 15 starts from 1989 to 1998. His best finish was 12th at Nazareth Speedway in 1994. He retired early to advance the career of his two sons.
Bur Edson, longtime 5NEWS anchor and news director, dies at 77
January 17, 2025
Bur Edson, the trusted face of 5NEWS’ evening newscasts for over two decades, died Wednesday night at the age of 77. Edson died after a battle with pneumonia, according to his family. Edson was the longest-serving news anchor in the station’s history, known for his commanding presence and calm demeanor over two stints at 5NEWS from 1978 to 1986 and 1990 to 2002.
Globalists Doomed as Trump Cuts U.S Funding to WEF & UN AgendaPresident Donald Trump has just dealt a devastating blow to the globalist agenda by signing executive orders to pull American taxpayer funding from the “climate change” and “global health” schemes led by the World Economic Forum (WEF) and United Nations (UN).READ MORE
Trump Bans ‘Equity’ in Federal Hiring: ‘Our Country’s Going to Be Based on Merit Again’President Donald Trump has signed an executive order banning the use of Marxism-based “equity” as a consideration for the hiring of federal workers. Trump enforced the new rule while signing a flurry of executive orders shortly after he was sworn into office for his second term on Monday. The order seeks to overhaul the federal hiring process and prioritize merit …READ MORE
Trump Issues Full Pardon to Nearly All J6 Defendants, Could Be Released from Prison ‘Tonight’President Donald Trump issued a sweeping executive order on Monday granting full pardons for about 1,500 criminal defendants related to the January 6 Capitol breach.The EO covers all J6 defendants, save 14 cases, which will be granted commutations as Trump further looks at each individual case, the president told the press while in the Oval Office.“So this is January 6 …READ THE FULL REPORT
Clintons Appear to Mock Trump in Middle of His Inauguration AddressFormer President Bill Clinton and his wife, Former Secretary of State Hillary Clinton, appeared to chuckle as Donald Trump delivered his inauguration address.Trump was sworn in as the 47th president of the United States inside the Capitol Rotunda on Monday morning surrounded by a crowd of tech titans and media moguls.During his inaugural address, the president vowed to sign approximately …READ THE FULL REPORT
Senate approves Laken Riley Act with bipartisan vote!The Senate has just voted to approve the Laken Riley Act with a bipartisan vote of 64-35, with 12 votes coming from Democrats. The Laken Riley Act would “would require ICE to arrest and detain illegal immigrants that have committed theft, burglary or shoplifting until they are deported”, according to Fox news. Here’s the news: Senate approves Laken Riley bill …READ THE FULL REPORT
Michelle Shares Statement Amid Divorce RumorsFormer First Lady Michelle Obama shared a statement honoring Dr. Martin Luther King Jr. while her husband, former President Barack Obama, attended Donald Trump’s inauguration alone – amid rumors they may be getting a divorce.The 44th President of the United States donned a black suit and striped tie, and he smiled and waved at reporters when he walked into the …READ THE FULL REPORT
Social Media Erupts: Amazon Founder’s Fiancé Shows Up to Inauguration in White Lace BraBillionaire Amazon founder Jeff Bezos was a special guest of President Trump’s inauguration today. Along with other billionaire tech giants, Bezos surprisingly followed the lead of the world’s richest man, Elon Musk, and embraced President Trump in the final months of his campaign. Bezos attended President Trump’s inauguration with his fiancé Lauren Sanchez, who forgot her blouse before heading out …READ THE FULL REPORT
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LATEST NEWSHere are all the executive orders Trump signed on Day 1Here are all the executive orders Trump signed on Day 1: After months of campaign promises, President Donald Trump wasted no time implementing his vision for America’s “golden age” on his first day back in the Oval Office. Armed with his trademark black Sharpie, Trump signed dozens of executive orders aimed at reversing policies enacted during President Joe Biden’s administration. …READ MORETrump pardons approximately 1500 J6 defendantsTrump pardons approximately 1500 J6 defendants: On his first evening back in the Oval Office after being sworn in, President Donald Trump began signing a series of high-profile pardons and executive orders, marking a swift start to his second term. Trump granted clemency to approximately 1,500 individuals prosecuted under the Justice Department during President Joe Biden’s administration. He also revealed …READ MOREBorder Patrol agent shot by illegal immigrant in VermontBorder Patrol agent shot by illegal immigrant in Vermont. A Border Patrol agent has tragically died after being shot in the neck by a suspected illegal immigrant during a traffic stop in Vermont, according to a report from NewsNation’s Ali Bradley. The incident occurred on Interstate 91 in Coventry, a town near the U.S.-Canada border. Sources indicate that the shooter …READ MOREProtesters bring out a guillotine threatening Trump months after he was nearly assassinatedThe threats against President Donald Trump have persisted even after his historic return to office, going as far as bringing a guillotine to the protests in Washington DC. On Monday, Trump delivered a landmark inaugural address, outlining his vision to reverse the policies of his predecessor, Joe Biden. In his speech, Trump pledged to restore America’s global standing and reinvigorate …READ MORETrump ends CBP One app immediately after taking officeTrump ends CBP One app immediately after taking office: President Donald Trump has terminated the use of the CBP One application, which previously allowed migrants to schedule asylum claim appointments at the U.S. border, according to the Associated Press. This decision marks a significant policy reversal, ending a program that reportedly facilitated legal entry for nearly one million migrants under …READ MORE
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
7.OIL AND NATURAL GAS ISSUES/GLOBAL
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
Canada
Robert H;
What Canadians want
five highlights from what Canadians want in a national survey
91 per cent want to reverse the capital gains tax hike
94 per cent want to scrap the carbon tax
72 per cent want to defund the CBC
97 per cent oppose a home equity tax
93 per cent say government bureaucrats need a salary cut
It’s clear what the majority wants. And it is equally clear that governments do not care.
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS WEDNESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0435 UP 29 BASIS PTS
USA/ YEN 155.91 UP 0.160 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS AGAIN OCT 2024/Bank of Japan raises rates by .15% to 1.15..UEDA ENDS HIKING RATES AND NOW CARRY TRADES RE INVENTS ITSELF//
GBP/USA 1.2349 UP .0011 OR 11 PTS
USA/CAN DOLLAR: 1.4347 UP 0.0006 (CDN DOLLAR DOWN 6 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 29.00 PTS OR 0.89%
Hang Seng CLOSED DOWN 327.78 PTS OR 1.63%
AUSTRALIA CLOSED UP 0.32%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 327.78 PTS OR 1.63%
/SHANGHAI CLOSED DOWN 29.00 PTS OR 0.89%
AUSTRALIA BOURSE CLOSED UP .32%
(Nikkei (Japan) CLOSED UP 618.27 PTS OR 1.58%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2755.40
silver:$30.74
USA dollar index early WEDNESDAY morning: 107.75 DOWN 11 BASIS POINTS FROM TUESDAY’s CLOSE.
The USA/Yuan, CNY ON SHORE CLOSED UP 7.2708 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2777)
TURKISH LIRA: 35.65 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.193
Your closing 10 yr US bond yield DOWN 0 in basis points from WEDNESDAY at 4.575% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.799 DOWN 1 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.283 UP 1 BASIS PTS.
GOLD AT 11;00 AM 2752,60
SILVER AT 11;00: 30.59
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: WEDNESDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 3.16 pts or 0.04%
German Dax : UP 212.27 pts or 1.01%
Paris CAC CLOSED UP 66.45 pts or 0.86%
Spain IBEX CLOSED DOWN 44.70 PTS OR 0.37%
Italian MIB: CLOSED DOWN 205.10 PTS OR 0.51%
WTI Oil price 75.36 11 EST/
Brent Oil: 79.13 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 98.75 ROUBLE UP 0 AND 71/100
GERMAN 10 YR BOND YIELD; +2.4805 DOWN 1 BASIS PTS.
UK 10 YR YIELD: 4.6520 UP 1 BASIS POINTS
CDN 10 YEAR RATE: 3.278 UP 1 BASIS PTS.
CDN 5 YEAR RATE: 2.999 UP 1 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0415 UP 0.0009 OR 9 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2319 DOWN 0.0019 OR 19 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.6305 UP 5 BASIS PTS//
JAPAN 10 YR YIELD: 1.190
USA dollar vs Japanese Yen: 156.53 UP 0.786 OR 79 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4386 UP .0044 BASIS PTS CDN DOLLAR DOWN 44 BASIS PTS
West Texas intermediate oil: 75.47
Brent OIL: 78.94
USA 10 yr bond yield UP 3 BASIS pts to 4.603
USA 30 yr bond yield UP 2 BASIS PTS to 4.819%
USA 2 YR BOND: UP 1 PTS AT 4.293
CDN 10 YR RATE 3.329 UP 5 BASIS PTS
CDN 5 YEAR RATE: 3.048 UP 5 BASIS PTS
USA dollar index: 108.02 UP 17 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.65 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 99.25 UP 0 AND 22/100 roubles
GOLD 2,756.60 (3:30 PM)
SILVER: 30.84 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 130.92 PTS OR 0.30%
NASDAQ 100 UP 283.47 PTS OR 1.31%
VOLATILITY INDEX: 15.18 UP 0.12 PTS OR 0.80%
GLD: $ 254.43 OR UP 1.30 PTS OR 0.51%
SLV/ $28.05 PTS OR UP 0.01 OR 0.039%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 48.98 PTS OR 0.19%
end
TRADING today ZEROHEDGE/HEADLINES
Stargate’ Sends S&P To Record High, Gold Rips As Crypto Dips
USA DATA
III USA ECONOMIC NEWS
PJM Grid Declares “Max Generation Alert” As Polar Vortex Unleashes Mini Ice Age
Wednesday, Jan 22, 2025 – 07:45 AM
Global warming alarmists, such as Greta Thunberg, Al Gore, and the entire Democratic Party (and their far-left MSM cheerleaders), have been awfully quiet as parts of the Lower 48 experience what feels like a “mini ice age.”
Doesn't Fit MSM Narrative: Parts Of US Could Rival Coldest January Since 1977 https://t.co/SX9C2nR7AZ
A blizzard blanketed regions from Texas to Florida on Tuesday, while a polar vortex continues funneling Arctic air into the eastern half of the US, sending heating demand through the roof and placing power grids on high alert.
PJM Interconnection, which coordinates the movement of wholesale electricity and ensures power supplies for 65 million people in all or parts of 13 eastern and Midwest US states and DC, issued a Level 1 emergency and “Maximum Generation Alert.”
PJM anticipates that electricity demand across its power grid footprint today will approach its all-time winter peak of 143,295 MW, last recorded on February 20, 2015.
The alert was issued ahead of “continued cold conditions” and “energy demand expected Wednesday and an increased amount of electricity being exported to neighboring regions, who are also experiencing the extreme winter weather,” PJM wrote in a statement.
“The alert also serves to notify neighboring regions that exports of electricity outside of the PJM footprint may need to be curtailed and they should plan accordingly,” PJM explained.
PJM added color to what a Level 1 alert means:
“When a grid operator foresees or is experiencing conditions where all available resources are committed to meet electricity load, firm transactions, and reserve commitments, and is concerned about sustaining its required contingency reserves,” adding, “to notify external systems that sales may need to be recalled.”
According to Bloomberg data, the average Lower 48 temperatures have averaged well below a 30-year trend for much of January.
“Over 40 million people are experiencing temperatures at or below 0ºF this morning, and 10 million are at or below -10ºF…incredible,” private weather forecaster BAMWX meteorologist Kirk Hinz wrote on X.
Over 40 million people are experiencing temperatures at or below 0ºF this morning, and 10 million are at or below -10ºF…incredible.
For four years, we have seen the consequences of weak leadership in the White House: a world rife with conflict, a foreign policy that has emboldened adversaries like Communist China and Iran and abandoned allies like Israel further degrading American security.
This past fall, the American people voted to usher in an era of renewed American strength. President Trump campaigned on a promise to restore American leadership on the world stage and is appointing the right team to ensure that promises made are promises kept. Specifically at international institutions like the United Nations, this America First leadership cannot come soon enough. Elise Stefanik is the perfect choice to deliver on President Trump’s agenda as Ambassador to the United Nations.
Her pledge to bring “transparency and reform” to the international body is desperately needed. For too long, American interests have taken a backseat at the UN.
The UN rakes in billions of American taxpayer dollars while actively undermining our interests. It allows the worst human rights abusers to sit on the so-called “Human Rights Council,” pushes a radical climate agenda that would destroy our energy industry, and persecutes our most greatest ally Israel while turning a blind eye to bad actors like China and Iran.
Elise understands that there can be no equivocation in our support for our greatest ally, Israel. As a fellow member of the Armed Services Committee during our shared time in the House, she joined me in pushing legislation after legislation that ensures Israel’s right to defend itself and combat the rampant antisemitism polluting our institutions including the United Nations.
At a time when we face upheaval across the globe, Elise understands that security and peace can only be obtained through strength. Gone are the days of allowing our adversaries unchecked. And under President Trump’s historic national security team filled with my former colleagues and friends, we will restore American standing to the world stage.
During his first administration, President Trump successfully instituted a historic maximum pressure campaign to hold Iran accountable for its violent actions. Working alongside Congress and with President Trump in the White House, Elise will use her position at the UN to strengthen international pressure on the Iranian regime and hold them accountable once again.
In addition to standing with Israel and combating Iranian aggression, another key pillar of restoring American strength will be standing up to China, which continues to be a pressing threat to our nation’s security.
Elise summed up the dire need for UN reform and specifically the influence of Communist China when she wrote, “We must strive for a UN in which no one nation is expected to foot the bill but receive no accountability or transparency in return, in which no despot or dictator can sit in judgment of others while deflecting attention away from their own human rights abuses, and in which no organization corrupted by the likes of the Chinese Communist Party can dictate sweeping conventions and international standards across its membership.”
As we saw from their actions during the COVID-19 pandemic, the UN and its World Health Organization are in the pocket of Communist China and its leadership. Across the UN body, subagencies have become mouthpieces for Communist Chinese talking points turning a blind eye to their disgusting human rights violations as they hypocritically chastise other nations’ on the matter from their seat on the Human Rights Council. Under America First leadership and with Elise at the helm, the United Nations will root out this corruption, ensuring accountability for taxpayer dollars sent to the United Nation serve the American people first and foremost. Elise has proven time and time again to be a fighter who will not stand idly by while these international organizations do China’s bidding.
During her time in public office Elise has shown that she will fight to protect the interests of the American people, defend American sovereignty, and strengthen American security by empowering our allies like Israel and deterring the malign actions of our adversaries like Communist China and Iran.
Now more than ever that fighting spirit is needed at the UN. I look forward to voting in support of her nomination on the Senate floor and encourage my colleagues to follow suit.
Sen. Jim Banks (Rep,, Ind.) he previously represented Indiana’s 3rd District in the U.S. House of Representatives.
end
LOS ANGELES FIRES:
landlords are price gouging !
(epoch//times)
California Attorney General Asks Residents To Report Price-Gouging Amid Wildfires
As two major fires still burn in the greater Los Angeles region, California Attorney General Rob Bonta is asking potential victims to report price gouging in the rental and lodging markets to state or local authorities.
At least 27 people have died, more than 15,000 structures have been destroyed, and thousands have lost their homes due to wildfires in California in 2025.
Bonta also warned California landlords that rental bidding which causes unlawful price increases during a state of emergency is illegal under California’s price gouging statute.
“Reports of rental bidding wars are deeply concerning, especially because some landlords seem to be encouraging them. The bottom line is this: landlords cannot charge, or accept, rent that exceeds the 10 percent cap set by California’s price gouging statute, even if they find someone who is willing to pay it,” he said in a statement on Jan. 18.
Bonta is not the only one on the lookout for such activity.
Los Angelenos are already on high alert, as a crowd-sourced effort to gather data about rental price gouging is making the rounds on social media.
The project, a publicly-accessible submission portal, allows anyone to submit examples of price gouging.
Katherine Peoples, of Housing People Properly Cares, an organization that helps people find housing, said buyers are already approaching fire victims who didn’t have insurance to see if they’re interested in selling their properties for cheap.
“They’ve come with documents and a notary,” she told The Epoch Times.
“There are people that are hovering and waiting to pounce on certain opportunities to take advantage of folks.”
Governor Gavin Newsom declared a state of emergency Jan. 7 after the first major fire broke out in the Los Angeles area and triggered the price gouging protections for lodging, as well as short- and long-term rental housing. The statute will be in effect until March 8, 2025. Newsom also issued an executive order on Jan. 17 prohibiting landlords from evicting tenants for allowing displaced people to stay in their homes in violation of their lease.
Violators of the price gouging law could face one year in county jail and a fine of up to $10,000.
They are also subject to civil enforcement actions, such as civil penalties of up to $2,500 per violation, injunctive relief, and mandatory restitution.
Bonta announced in a press conference last week the creation of a Disaster Relief Task Force and a website focused on prosecuting price gougers and others who engage in unlawful conduct.
This week, California Gov. Gavin Newsom also deployed more than 130 fire engines, water tenders, and aircraft to Southern California, as well as personnel ahead of high winds and dry weather in Los Angeles and Ventura counties, and throughout Southern California.
END
Biden’s Big Blemish: Wages Didn’t Keep Up With Inflation
Wednesday, Jan 22, 2025 – 03:45 PM
The largest blemish on Joe Biden’s economic legacy is the fact that, despite robust growth, low unemployment and a roaring stock market, many Americans felt worse off during his presidency than they did before. One of the reasons behind this seeming disconnect is simple and it has to do with inflation, disinflation and wage growth, or the lack thereof.
Shortly after Biden took office in January 2021, inflation began to surge. The Covid-19 pandemic and the supply-chain crisis that followed, combined with generous stimulus spending and Russia’s invasion of Ukraine in early 2022 had created a perfect storm of inflationary pressures that resulted in prices climbing faster than they had since the early 1980s. And despite inflation coming down notably from its mid-2022 highs, prices have not come down – at least on the aggregate.
That’s because bringing down inflation, i.e. disinflation, is not to be mistaken for falling prices, which would be deflation.
While (moderately) rising prices are no problem per se and actually wanted in a functioning economy, hence the Fed’s 2-percent inflation target, inflation becomes a problem if it outpaces wage growth for a protracted period of time. As Statista’s Felix Richter shows in the chart below, according to data from the U.S. Bureau of Labor Statistics, this has been the case in the U.S. from April 2021 to April 2023, when prices increased faster than nominal wages did for 25 consecutive months, at least on a year-over-year basis.
That resulted in an actual decline in real wages as nominal wage growth still hadn’t fully caught up with price increases by December 2024.
As the chart shows, nominal average hourly earnings grew from $29.93 in January 2021 to $35.69 in December 2024 – a 19.2 percent increase.
During the same period, prices, as measured here by the Consumer Price Index for all Urban Consumers (CPI-U) climbed 21.0 percent, leading to a 1.5 percent decline in real wages.
That means adjusted for price increases, people went from $29.93 an hour to $29.49 an hour during the Biden years.
Considering that these are average earnings, it’s fair to assume that many people suffered considerably larger and actually noticeable declines in real wages, leading to the widespread frustration with the Biden economy.
END
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
END
FREIGHT ISSUES/USA/
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
END
VDH
KING REPORT
The King Report January 22, 2025 Issue 7414
Independent View of the News
Trump Raises Prospects for a Negotiated Reset on US-China Ties Donald Trump held off tariffs on China on his first day back at the White House and did not single it out as a threat, raising the prospect of a rapprochement as both sides look to gain from each other rather than rain harm on an adversary… Trump delayed the ban on China-owned short-video app TikTok and suggested that the U.S. could become a partial owner of TikTok’s U.S. business to allow the app to continue operating, citing its potential value… https://www.newsmax.com/politics/trump-china-negogiations/2025/01/21/id/1195875/
Trump to announce private sector AI infrastructure investment SoftBank CEO Masayoshi Son is expected at the White House Tuesday afternoon, along with Sam Altman of OpenAI and Larry Ellison of Oracle. Executives from the companies are expected to say they plan to commit $100 billion initially and pour up to $500 billion into Stargate over the next four years. Other details of the new partnership were not immediately available… https://www.cbsnews.com/news/trump-announces-private-sector-ai-infrastructure-investment/
Trump euphoria, augmented by no announced tariffs on China, propelled huge equity rallies in China and the USA. The dollar got hammered; gold and bonds allied moderately; and cryptos rallied sharply.
Apple inhibited the strong Fang rally in the early going. Mag 7/ Fangs soared, particularly NVDA, after the above CBS story on AI infrastructure investment. Traders wanted to be beaucoup long Mag 7/Fangs because their reporting season commenced on Tuesday with Netflix (due after close).
ESHs plunged to a daily low of 5994.50 near 20:00 ET on DJT’s call for 25% tariffs on Canada and Mexico. Because China was NOT named, ESHs and Chinese stocks then rallied sharply.
ESHs hit 6050.75 at 22:22 ET and then did a slow retreat to 6036.50 at 00:32 ET. ESHS then traded in a tiny range until they broke higher at 2:34 ET for the European open rally. ESHs hit a peak of 6067.75 at 5:05 ET. ESHs then fell to 6045.50 at the 7 ET US repo market opening. Often this time of the day marks the start of the rally for the NYSE opening. ESHs rallied to 6072.00 at 9:48 ET.
After a retreat to 6043.50 at 10:09 (on trader profit taking), ESHs began another rally leg. ESHs rallied until they formed a double top at 6086.50 at 13:15 ET and 14:11 ET. ESHs then went inert. Few traders wanted to sell; the weak holders were shaken out in the late morning.
After a retreat to 6075.00 at 14:53 ET, the last-hour rally took ESHs to 6085.70 at 15:31 ET. ESHs then went inert until the late manipulation pushed ESHs to 6088.75 at 16:00 ET.
@Mayhem4Markets tweeted at 10:50 AM on Tue, Jan 21, 2025: Order book depth just 34K today. ES_F liquidity is thin and has been for some time now… If I’m taking intraday trades, I’m using smaller size and wider stops to account for the potential of larger moves and more slippage when executing.
Positive aspects of previous session Equities rallied on DJT; USHs were +21/32 at the NYSE close; oil & gasoline declined sharply. Fangs rallied sharply despite Apple.
Negative aspects of previous session Apple, -4.6% at low (12:44 ET), weighed on Fangs.
Ambiguous aspects of previous session The dollar got hammered
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6035.88 Previous session S&P 500 Index High/Low: 6051.51; 6006.88
@nicksortor: Border Czar Tom Homan announces roundups of illegal criminal aliens are underway. “It’s started. ICE teams are out there as of today.” President Trump is wasting NO time! https://x.com/nicksortor/status/1881770751168319784
Trump publicly fires four Biden administration appointees, says more to come Jose Andres from the President’s Council on Sports, Fitness and Nutrition; Mark Milley from the National Infrastructure Advisory Council, Brian Hook from the Wilson Center for Scholars; and Keisha Lance Bottoms from the President’s Export Council.”…https://t.co/PrddrKxx4K
On Monday night, DJT fired Linda Fagan, the Commandant of the U.S. Coast Guard for neglecting border security and prioritizing DEI.
@amuse: CNN is reporting that the David Pekoske the TSA Administrator who put @TulsiGabbard on “Quiet Skies” terrorist watch list has been fired.
Fox’s @BillMelugin_ on Tuesday: Late last night, President Trump’s DHS issued a memo that immediately rescinded a 2021 Mayorkas policy which limited ICE enforcement by stopping ICE from making arrests in/near “sensitive” areas like schools, churches, healthcare facilities, etc. The Trump memo throws out that guidance, and instead instructs ICE officers to use “common sense” instead. ICE officers I spoke with say this will open things up for their enforcement efforts and take the gloves off, as illegal aliens will no longer be able to hide near schools, churches, hospitals, etc to avoid arrest.
After the close, Netflix reported EPS of $4.27 and revenue of $10.25B. EPS of $4.19 and revenue of $10.48B was consensus. Paid memberships are 301.63m; 290.93 million was expected. NFLX sees Q1 EPS of 5.58; 6.01 was consensus. It sees Q1 revenue of $10.42B; $10.48B was expected. It sees 2025 revenue of $43.5B to $44.5B; $43 to $44B was exp. NFLX soared 11% on the 2025 revenue upgrade. Traders ignored the lower guidance for Q1 EPS and revenue.
Today – After a robust rally on an event, there is usually a respite. However, Mag 7 stocks have started to report results. This will keep traders unremittingly bullish. With Netflix’s manic after-hour rally, ESHs and NQHs should be up sharply earlier. Therefore, be alert for a blowoff rally in the morning. There are no Mag 7/ Fang results due today; so, astute traders will not be as bold on the buy side.
ESHs were +17.50; NQHs are +126.00 (on NFLX); and USHs are -9/32 at 20:00 ET.
S&P Index 50-day MA: 5973; 100-day MA: 5840; 150-day MA: 5724; 200-day MA: 5594 DJIA 50-day MA: 43,574; 100-day MA: 42,772; 150-day MA: 41,807; 200-day MA: 41,038 (Green is positive slope; Red is negative slope)
S&P 500 Index (6049.24 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5367.17 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5735.66 triggers a sell signal Daily: Trender and MACD are positive – a close below 5866.73 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5991.82 triggers a sell signal
Jon Turley: The final corruption of Joe Biden With record-low polling and widely viewed as a “failed” president, Biden completed his one-man race to the bottom of ethics by issuing preemptive pardons to members of his own family… For four years, the media worked tirelessly to deny or deflect the corruption scandal surrounding the Biden family. The pardoning… brought an inescapable clarity to the corruption of what is known in Washington as Biden Inc. I have written about the Biden family’s corruption for decades. Influence-peddling has always been the favorite form of corruption in Washington, but this city has never seen the likes of the Biden family…https://thehill.com/opinion/white-house/5096041-biden-pardons-family-corruption/
@JackPosobiec: Per outgoing WH official: “Jack Smith (prosecuted DJT) tried to get on the pardon list but Joe Biden turned him down. He was irate at Jack Smith and told his staff ‘He failed us. Let him suffer the consequences.”
@charliespiering: The bipartisan interfaith prayer service (At National Cathedral) just got political as (female) pastor pleas for Trump to have mercy on “scared” LGBT children and illegal immigrants. https://x.com/charliespiering/status/1881754671192359401
@charliespiering: Of course Episcopal bishop Marianne Budde has a record of criticizing Trump, calling him “antithetical to the teachings of Jesus and everything that we as a church stand for.” https://x.com/charliespiering/status/1881759652792455291
@RealTStevenson: The bishop who spoke at the National Prayer Service today previously said “we need to replace President Trump” in 2020. https://x.com/RealTStevenson/status/1881760855488123228 @elonmusk: She’s a far-left activist @JackPosobiec: Why is she allowed to stay tax-exempt?
@RonDeSantis: The purpose of the 14th Amendment’s citizenship clause was to overturn the Dred Scott case, not to bestow citizenship on those present in the US against the people’s will as expressed in law. The Trump executive order will be litigated until the Supreme Court decides the question (which it has never decided) of whether children born to illegal aliens get constitutionally-mandated citizenship. The framers of the amendment clearly did not believe so…
LATEST NEWSHere are all the executive orders Trump signed on Day 1Here are all the executive orders Trump signed on Day 1: After months of campaign promises, President Donald Trump wasted no time implementing his vision for America’s “golden age” on his first day back in the Oval Office. Armed with his trademark black Sharpie, Trump signed dozens of executive orders aimed at reversing policies enacted during President Joe Biden’s administration. …READ MORETrump pardons approximately 1500 J6 defendantsTrump pardons approximately 1500 J6 defendants: On his first evening back in the Oval Office after being sworn in, President Donald Trump began signing a series of high-profile pardons and executive orders, marking a swift start to his second term. Trump granted clemency to approximately 1,500 individuals prosecuted under the Justice Department during President Joe Biden’s administration. He also revealed …READ MOREBorder Patrol agent shot by illegal immigrant in VermontBorder Patrol agent shot by illegal immigrant in Vermont. A Border Patrol agent has tragically died after being shot in the neck by a suspected illegal immigrant during a traffic stop in Vermont, according to a report from NewsNation’s Ali Bradley. The incident occurred on Interstate 91 in Coventry, a town near the U.S.-Canada border. Sources indicate that the shooter …READ MOREProtesters bring out a guillotine threatening Trump months after he was nearly assassinatedThe threats against President Donald Trump have persisted even after his historic return to office, going as far as bringing a guillotine to the protests in Washington DC. On Monday, Trump delivered a landmark inaugural address, outlining his vision to reverse the policies of his predecessor, Joe Biden. In his speech, Trump pledged to restore America’s global standing and reinvigorate …READ MORETrump ends CBP One app immediately after taking officeTrump ends CBP One app immediately after taking office: President Donald Trump has terminated the use of the CBP One application, which previously allowed migrants to schedule asylum claim appointments at the U.S. border, according to the Associated Press. This decision marks a significant policy reversal, ending a program that reportedly facilitated legal entry for nearly one million migrants under …READ MORE
harveyorganblog.com 
