GOLD CLOSED DOWN $1.00 TO $2757.00
SILVER CLOSED DOWN $.41 TO $30.89
Gold ACCESS CLOSED $2753.35
Silver ACCESS CLOSED: $30.43
Bitcoin morning price:$101,505 DOWN 2,860 DOLLARS.
Bitcoin: afternoon price: $105,010 UP 1140 DOLLARS
Platinum price closing DOWN $4.45 TO $949.40
Palladium price; UP $9.40 TO $999.00
END
*CANADIAN GOLD: $3957.48 down 8.70 CDN dollars per oz( * NEW ALL TIME HIGH 3,966.06 CDN DOLLARS PER OZ//JAN 22 2025)
*BRITISH GOLD: 2228.46 down 9.10 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,237.76 BRITISH POUNDS/OZ) JAN 22/2025
*EURO GOLD: 2,642.65 down 4.51 Euros per oz //* (ALL TIME CLOSING HIGH: 2,647.19 EUROS PER OZ/JAN 22 //2025)
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EXCHANGE
EXCHANGE: COMEX
CONTRACT: JANUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,767.600000000 USD
INTENT DATE: 01/22/2025 DELIVERY DATE: 01/24/2025
FIRM ORG FIRM NAME ISSUED STOPPED
167 C MAREX 252
190 H BMO CAPITAL 439
323 C HSBC 850
363 H WELLS FARGO SEC 555
435 H SCOTIA CAPITAL 151
624 H BOFA SECURITIES 40
657 C MORGAN STANLEY 623
661 C JP MORGAN 41
686 C STONEX FINANCIA 15 18
709 C BARCLAYS 465
737 C ADVANTAGE 28 30
905 C ADM 25
TOTAL: 1,766 1,766
JPMorgan stopped (received) 0/1766 contracts
GOLD: NUMBER OF NOTICES FILED FOR JANUARY/2024. CONTRACT: 1766 NOTICES FOR 176600 OZ 5/493 TONNES
total notices so far: 15,642 contracts for 1,564,200 Oz (48.653 tonnes)
FOR JANUARY
SILVER NOTICES: 44 NOTICE(S) FILED FOR 220,000 OZ/
total number of notices filed so far this month : 2,106 for 10.530 million oz
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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 DOWN $1.00 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
MEGA HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.3 TONNES OF GOLD FROM THE GLD./
INVENTORY RESTS AT 869.36 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $.41 CENTS AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 4.738 MILLION OZ OUT OF THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 459.035 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUGE SIZED 910 CONTRACTS TO 160,809 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR SMALL GAIN OF $0,08 IN SILVER PRICING AT THE COMEX WITH RESPECT TO WEDNESDAY’S TRADING. WE HAD A HUGE GAIN OF 1160 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE//WEDNESDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON WEDNESDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 3 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 WEDNESDAY’S SMALL PRICING GAIN WITH ZERO LONGS BEING KNOCKED OFF. DERIVATIVE LOSSES CONTINUE TO MOUNT. WE HAD CONSIDERABLE T.A.S. LIQUIDATION WEDNESDAY COUPLED WITH ANOTHER NEW SMALL T.A.S. ISSUANCE OF 204 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 $0.53 CONTANGO TO SPOT AS THE CROOKS NEED TO CASH SETTLE TO GET OUT OF THEIR CONTRACTS. THEY ARE PAYING A HUGE PRICE AS THEY ARE SHORT (AND THUS SUPPLIER TO OUR PATIENT WAITING LONGS).
WE HAD A SMALL 250 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR 204 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 HUGE SIZED 1160 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT WEDNESDAY’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 WEDNESDAY NIGHT: A SMALL 204 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 1160 CONTRACTS.
WE HAD A 250 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 25,000 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 10.580 MILLION OZ
// STANDING FOR SILVER//JAN 10.580 MILLION OZ
WE HAD:
/ MEGA HUMONGOUS SIZED COMEX OI GAIN +// A SMALL 250 SIZED EFP ISSUANCE/ VI) SMALL SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 204 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED 23 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 14 DAYS, total 8519 contracts: OR 42.595 MILLION OZ (608 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 42.595 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: 42.595 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 910 CONTRACTS DESPITE OUR SMALL GAIN IN PRICE OF SILVER PRICING AT THE COMEX/WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A 250 EFP ISSUANCE CONTRACTS: 250 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 25,000 OZ
//NEW TOTAL STANDING FOR JAN ADVANCES TO 10.580 MILLION OZ
WE HAVE 1. A HUMONGOUS SIZED GAIN OF 1160 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A SMALL 204 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE WEDNESDAY COMEX SESSION BUT THEY STILL NEED THESE ISSUANCE FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON WEDNESDAY 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 WEDNESDAY NIGHT (204) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 44 NOTICE(S) FILED TODAY FOR 220,000 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 10,602 OI CONTRACTS TO 581,989 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 LARGE SIZED 1219 CONTRACTS//
WE HAD A HUGE SIZED INCREASE IN COMEX OI (10,602 CONTRACTS) OCCURRED WITH OUR GAIN OF $15.15 IN PRICE WEDNESDAY. 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 1528 CONTRACTS OR 152,800 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 49.023 TONNES (NORMAL DELIVERY) +21.579 TOTAL EXCHANGE FOR RISK ISSUANCE = 70.602 TONNES
/NEW STANDING 70.6023 TONNES
/ ALL OF THIS HAPPENED WITH OUR $15.15 GAIN IN PRICE WITH RESPECT TO WEDNESDAY’S COMEX ///. WE HAD A STRONG GAIN OF 13,587 OI CONTRACTS (42.26 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 GOOD SIZED 2985 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 583,208
IN ESSENCE WE HAVE A HJUGE SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 13,587 CONTRACTS WITH 10,602 CONTRACTS INCREASED AT THE COMEX// AND A GOOD SIZED 2985 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 13,587 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 2430 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A GOOD SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2985 CONTRACTS) ACCOMPANYING THE HUGE SIZED INCREASE IN COMEX OI OF 10,602 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 13,587 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 1528 CONTRACTS OR 152,800 OZ (4.752 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:
49.023TONNES NORMAL DELIVERY +
21.579 TONNES OF EXCHANGE FOR RISK ON OUR FOUR OCCASIONS IN JANUARY (6TH 8TH,17TH, 22ND)
EQUALS: 70.602 TONNES
//NEW STANDING JAN: 70.602 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 WEDNESDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $15.15 PRICE GAIN, WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A HUGE TOTAL GAIN OF CONTRACTS ON OUR TWO EXCHANGES (13,587 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) HUGE SIZED COMEX OPEN INTEREST INCREASE 5) GOOD ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 2430 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: 61,933 CONTRACTS OF 6,193,300 OZ OR 192.63 TONNES IN 14 TRADING DAY(S) AND THUS AVERAGING: 4423 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY(S) IN TONNES 192.63 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 192.53 DIVIDED BY 3550 x 100% TONNES = 5.42% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
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: 192.63 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 HUGE SIZED 910 CONTRACTS OI TO 160,786 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 250 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 250 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 910 CONTRACTS AND ADD TO THE 250 E.FP. ISSUED
WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1160 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS A HUGE 5.800 MILLION OZ OCCURRED DESPITE OUR SMALL $0.08 GAIN IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
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 UP 16.54 OR 0.51%
//Hang Seng CLOSED DOWN 78.21 PTS OR 0.40%
// Nikkei CLOSED UP 312.62 OR 0.74%//Australia’s all ordinaries CLOSED DOWN 0.59%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2885 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2930// Oil DOWN TO 75.68 dollars per barrel for WTI and BRENT DOWN AT 79.21 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING A
WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
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
WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A HUGE SIZED 10,602 CONTRACTS TO 581,989 WITH OUR GAIN IN PRICE OF $15.15 WITH RESPECT TO WEDNESDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A GOOD NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2985) . THE CME ANNOUNCED A ZERO EXCHANGE FOR RISK CONTRACTS WEDNESDAY NIGHT// THURSDAY MORNING FOR NIL OZ.
THUS IN TOTAL WE HAD A HUGE GAIN ON OUR TWO EXCHANGES OF 13,587 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON WEDNESDAY 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 STRONG T.A.S. ISSUANCES. WE HAD A STRONG T.A.S. LIQUIDATION DURING LAST THURSDAY COMEX SESSION WHERE WE FINISHED WITH OUR 5 CONSECUTIVE HUGE 30,000+ ISSUANCES. TODAY THEY ISSUED STRONG 2430 CONTRACT ANNOUNCEMENT (WEDNESDAY NIGHT/THURSDAY 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 GOOD SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A GOOD SIZED 2985 EFP CONTRACTS WERE ISSUED: : /FEB 2985 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2985 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 HUGE SIZED TOTAL OF 13,587 CONTRACTS IN THAT 2985 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A HUGE SIZED GAIN OF 10,602 COMEX CONTRACTS..AND THIS HUMONGOUS GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GOOD GAIN IN PRICE OF $15.15 WEDNESDAY// 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 WEDNESDAY NIGHT/THURSDAY MORNING WAS A STRONG SIZED SIZED 2430 CONTRACTS, AS AGAIN, 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 OVER A WEEK AGO, 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. A SMALL RAID IS BEING ATTEMPTED WITH TODAY’S TRADING AS THE GOLD PRICE IS BEING CONTAINED..
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 LAST 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 IN AN ATTEMPT TO THWART GOLD TRADING ESPECIALLY BEFORE TRUMP’S INAUGURATION AS THE FED MUST REDUCE ITS MASSIVE PHYSICAL GOLD SHORT OF 82 TONNES. THEY FAILED MISERABLY AS GOLD SKYROCKETED!!
STANDING FOR GOLD FOR THE PAST 4 PLUS YEARS:
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JAN (70.602 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: 65.85 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
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 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: 66.276 TONNES (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: 49.023 TONNES + 21.579 EXCHANGE FOR RISK= 70.602 TONNES
COMEX GOLD TRADING
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $15.15)//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 WEDNESDAY 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 WEDNESDAY EVENING.
EXCHANGE FOR RISK EXPLANATION/DECEMBER AND JANUARYTRADING
DECEMBER
48 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 1528 CONTRACTS OR 152,800 OZ (4.752TONNES) TO WHICH WE MUST ADD THIS WEEK’S 15.562 TONNES OF EXCHANGE FOR RISK ISSUANCE TO OUR PREVIOUS ISSUANCES OF 6.0177 TONNES 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: 49.023TONNES + 21.579 TONNES EX FOR RISK = 70.602 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 $15.15
WE HAD 1219 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 13,587 CONTRACTS OR 1,358700 OZ (42.26 TONNES)
confirmed volume WEDNESDAY 208,748 contracts: strong ////nobody wishes to play with the crooks
//speculators have left the gold arena
END
I/ /// THE JAN 2025 GOLD CONTRACT
JAN 23
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 16,075.000 OZ Brinks 500 kilobars . i) Out of Brinks: 16,075.000 oz (500 kilobars) 1/2 tonne |
| Deposit to the Dealer Inventory in oz | i) Into Brinks dealer: 232,130.220 oz (7220 kilobars) 7.22 tonnes of gold |
| Deposits to the Customer Inventory, in oz | i) Into Brinks Customer account: 254,417.451 oz ii) Into Brinks enhanced account 490,055.132 oz (1225 London good delivery bars of 400 oz each) iii) Into Loomis; 160,755.000 oz (5000 kilobars) total weight deposit: customer acct 905,227.583 oz or 9.05 tonnes total weight dealer and customer: 16.27 tonnes |
| No of oz served (contracts) today | 1766 notice(s) 176,600 OZ 5.493 TONNES |
| No of oz to be served (notices) | 119 contracts 11900 OZ 0.3701 TONNES |
| Total monthly oz gold served (contracts) so far this month | 15,642 notices 1,564,200 oz 48.653 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: 1
i) Into Brinks dealer: 232,130.220 oz
(7220 kilobars)
total dealer 232,130.220 oz
we have 3 customer deposits
i) Into Brinks Customer account: 254,417.451 oz
ii) Into Brinks enhanced account 490,055.132 oz
(1225 London good delivery bars of 400 oz each)
iii) Into Loomis; 160,755.000 oz (5000 kilobars)
total weight deposit: customer acct
905,227.583 oz or 9.05 tonnes
total weight dealer and customer: 16.27 tonnes
withdrawals: 1
16,075.000 OZ
Brinks
500 kilobars
adjustments:3/customer to dealer
i) Out of Brinks 42,278.565 oz 1315 kilobars
ii) Out of JPMorgan 5690.694oz(177 kilobars)
iii) Out of Manfra 82,700.524 oz
total customer to dealer: 130,669.783 oz or 4.06 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 1885 contracts having GAINED 316 contracts. We had a strong 1212 contract issuance on WEDNESDAY. Thus ANOTHER MEGA HUGE QUEUE JUMP (GAIN) of 1528 contracts on our two exchanges. (152,800 oz or 4.752tonnes). THIS IS CENTRAL BANKERS STANDING FOR PHYSICAL GOLD WITH LONDON VAULTS DRAMATICALLY RUNNING OUT OF PHYSICAL TO SUPPLY THEM AND THE SECOND HIGHEST EVER QUEUE JUMP. A FEW YEARS AGO WE DID HAVE A MEGA 5 + TONNE QUEUE JUMP!!
FEBRUARY SURPRISINLY LOST A SMALL 6336 CONTRACTS TO 266,340 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 41 CONTRACTS UP TO 6638
APRIL HAD A GAIN OF 14,460 CONTRACTS UP TO 225,049 CONTRACTS
We had 1766 contracts filed for today representing 176600 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 41 notices issued from their client or customer account. The total of all issuance by all participants equate to 1766 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 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 (15,642x 100 oz ) to which we add the difference between the open interest for the front month of JAN(1885 CONTRACTS) minus the number of notices served upon today (1766 x 100 oz per contract) equals 1,576,100 OZ OR 49.023 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 YESTERDAY’S MONSTER 15.562 TONNES ISSUANCE (JAN 22)//NEW EX FOR RISK = 21.579 TONNES. THUS NEW STANDING FOR GOLD AT THE COMEX FOR JAN IS 49.023 TONNES PLUS 21.579 TONNES EX FOR RISK = 70.602 TONNES
thus the INITIAL standings for gold for the JAN contract month: No of notices filed so far (15,642 x 100 oz +we add the difference for front month of JAN (1885 OI} minus the number of notices served upon today (1766 x 100 oz) which equals 1,576100 oz (49.023 TONNES) + 21.579 TONNES = 70.602 TONNES
TOTAL COMEX GOLD STANDING FOR JAN.: 70.602 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR AND I BELIEVE THE HIGHEST EVER RECORDED FOR A JANUARY.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,081,814.011 oz 64.753 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 26,999,100.729 OZ
TOTAL REGISTERED GOLD 11,995,592.371 or 373.113 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 15,003,508.358 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 9,913,778 oz (REG GOLD- PLEDGED GOLD)= 308.360 tonnes //
JPMorgan enhanced inventory is 3.511 million oz
END
SILVER/COMEX
JAN 23. 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 nil |
| Deposits to the Dealer Inventory | 420,907.700 oz Brinks dealer |
| Deposits to the Customer Inventory | i) Into Brinks customer acct 602,117.380 oz ii) Into Loomis: 1222879.910 oz total: 1824,597.290 oz |
| No of oz served today (contracts) | 44 CONTRACT(S) (220,000 OZ) |
| No of oz to be served (notices) | 10 contracts (0.050 MILLION oz) |
| Total monthly oz silver served (contracts) | 2106 Contracts (10.530 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) 1 dealer deposit/
420,907.700 oz Brinks dealer
total dealer deposit : 420,907.700 oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:2
i) Into Brinks customer acct 602,117.380 oz
ii) Into Loomis: 1222879.910 oz
total: 1824,597.290 oz
total 1824,597.290oz
WITHDRAWALS 0
total withdrawal nil oz
total nil oz
ADJUSTMENT one //dealer to customer Manfra
1/ customer to dealer: Manfra 194,331.008 ox
JPMorgan has a total silver weight: 138.442million oz/341.915million or 40.47%
TOTAL REGISTERED SILVER: 74.450 MILLION OZ//.TOTAL REG + ELIGIBLE. 341.915 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JANUARY
silver open interest data:
FRONT MONTH OF JAN /2024 OI: 54 OPEN INTEREST FOR A LOSS OF 165 CONTRACT(S).
WE HAD A 170 CONTRACT ISSUANCE ON WEDNESDAY. THUS WE GAINED 5 CONTRACTS, THAT IS WE HAD A SMALL 5 CONTRACT QUEUE JUMP FOR 25,000 OZ
FEBRUARY SAW A GAIN 0F 16 CONTRACTS TO STAND AT 1420
MARCH SAW A GAIN OF 56 CONTRACTS UP TO 119,818. 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: 44 for 220,000 oz
CONFIRMED volume; ON WEDNESDAY 45,848 fair//
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 2106x 5,000 oz = 10.530 MILLION oz
to which we add the difference between the open interest for the front month of JAN (54) and the number of notices served upon today (44)x (5000 oz)
Thus the standings for silver for the JAN 2025 contract month: 2106 Notices served so far) x 5000 oz + OI for the front month of JAN(54)minus number of notices served upon today (44)x 5000 oz equals silver standing for the JAN contract month equating to 10.580 MILLION OZ.
New total standing: 10.580 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 23 WITH GOLD DOWN $1.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 2.30 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 869.36 TONNES
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 20 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: 869.36 TONNES, TONIGHTS TOTAL
SILVER
JAN 23 WITH SILVER DOWN $.41 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 4.738 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 459.035 MILLION OZ
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 20 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 459.035 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
ALASDAIR MACLEOD….
JOHN RUBINO
3. CHRIS POWELL AND GATA DISPATCHES
Rio Tinto, Northern Dynasty projects expected to get U.S. approval under Trump
Submitted by admin on Wed, 2025-01-22 10:51 Section: Daily Dispatches
By Leslie Hook and Pilita Clark
Financial Times, London
Wednesday, January 22, 2025
Rio Tinto is betting Donald Trump will finally give the green light to its giant copper mine in Arizona after a 12-year permitting battle, as part of a wave of domestic projects expected to be approved by the new U.S. administration.
“I do think that we have really good chances now to progress that project,” said Jakob Stausholm, chief executive of the London-listed miner, in an interview with the Financial Times, which will be broadcast today. “We have made a lot of progress.”
The Resolution mine, which first submitted a mining plan to the US Forest Service in 2013, would be the biggest copper mine in North America once fully developed.
The project, which is 55% owned by Rio Tinto and 45% owned by Australian-based BHP, is a deep underground mine that would produce as much as 1 billion pounds of copper a year, meeting 25% of U.S. needs.
“If they want to be less dependent on importing a critical mineral like copper, it would be a good thing,” Stausholm said.
The mine is one of several expected to benefit from the policies of Trump, who declared last year that he would speed up regulatory approvals for any company investing more than $1 billion in the U.S. …
The Pebble Project in Alaska, a copper-gold project owned by Toronto-listed Northern Dynasty Minerals, is also expected to get its final approval under the new administration, according to industry executives.
… For the remainder of the report:
END
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Wed, 2025-01-22 19:43 Section: Daily Dispatches
7:43p ET Wednesday, January 22, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
And some countries — those associated with the BRICs group — are even thinking about creating an international currency with which they can avoid the U.S. government and the dollar and protect their sovereignty against U.S. economic sanctions.
Shorting gold through derivatives is no longer a sure mechanism for profit. To the contrary, the practice now threatens to blow up the governments, central banks, and associated banks still using it.
Documenting, litigating against, and complaining about monetary metals price suppression for 25 years, GATA has alerted investors, governments, mining companies, and news organizations around the world. No one in the monetary metals sector denies metals price suppression any longer; most people in the sector take it for granted even as most remain too scared to discuss it lest they risk getting in trouble with their governments and banks.
The U.S. Treasury Department, its Exchange Stabilization Fund, the Federal Reserve Board, and the Bank for International Settlements have turned out not to be “conspiracy theories” but actual conspiracies in operation. If you don’t believe us, try attending their meetings. There are reasons they won’t let you in — reasons defining “conspiracy.”
But the struggle against monetary metals price suppression has not yet been won, and we need your help.
GATA is still the only organization in the world devoted to waging the struggle for free and transparent monetary metals markets, which is a struggle for limited and accountable government generally.
Advancing this cause takes resources. It doesn’t happen on its own.
But if you help GATA today, we have something special for you.
Our friends at Money Metals Exchange in Eagle, Idaho, support our struggle so much that they have minted a beautiful 1-ounce silver round honoring GATA — and they want you to have at least one.
On the front of the round is an engraving copied from the GATA painting by Alain Despert, depicting GATA as a modern-day Don Quixote leading a march of gold and silver advocates on the U.S. Treasury Department building in Washington:
The back of the round shows the torch of liberty breaking the chains of price suppression and recognizing gold and silver as the crucial defenders of liberty:
You can purchase the GATA commemorative silver round from Money Metals Exchange for around $34 here:
But if you’d like to help GATA directly, each donation of $250 to GATA will entitle the donor to one of these silver rounds, which GATA will arrange to have shipped to the donor from Money Metals Exchange, which is now the operator of the largest precious metals depository in the United States west of New York, a depository larger than even Fort Knox.
Your gift today will propel GATA’s important work, and we’ll be very grateful for it.
We just need to remind donors that the metal value of each of the rounds they receive as thanks for their donation must be subtracted from federal tax-deductibility of their contribution to GATA. For example, with the silver round priced at $34, a $250 donation made to GATA would be federally tax-deductible for $216.
Of course these silver rounds are likely to increase in value along with the silver price in the years ahead — another reason to consider supporting GATA this way.
So please consider making a donation to GATA right now — today — especially now that this special 25th anniversary GATA silver round is available to memorialize it.
To donate, please mail a check payable to GATA to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Conn. 06043-7541 USA
Or visit GATA’s internet site here —
END
Joshua D. Glawson: The five best books on sound money in 2025
Submitted by admin on Wed, 2025-01-22 19:46 Section: Daily Dispatches
By Joshua D. Glawson
Money Metals Exchange, Eagle, Idaho
Wednesday, January 22, 2025
Sound money, composed of gold and silver, has historically been a way to establish economic and financial stability, build wealth, plan for the future, and hedge against tyrannical government overreach.
The “soundness” in sound money refers to its validity and reliability, much like a sound argument in logic. Coincidentally (pun intended), sound money made of gold or silver also has unique sounds to them when struck — which makes them fairly easy to test for their validity, and consequently their reliability.
In Article 1, Section 10, of the U.S. Constitution, sound money was specified when it said, “No state shall .. make any Thing but gold and silver Coin a Tender in Payment of Debts.”
According to Mike Maharrey, precious metals journalist and market analyst at Money Metals, and National Communications Director of the Tenth Amendment Center:
“Over and over again, the Founding Fathers warned us about paper money. George Washington warned that paper money would ‘ruin commerce — oppress the honest, and open a door to every species of fraud and injustice.’ Today we have abandoned sound money — gold and silver — and we got exactly what Washington predicted. Thomas Paine may have summed it up best: “Money is money, and paper is paper. All the invention of man cannot make them otherwise.'” …
… For the remainder of the commentary:
* * *
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 THURSDAY MORNING WEDNESDAY NIGHT
SHANGHAI CLOSED UP 16.54 OR 0.51%
//Hang Seng CLOSED DOWN 78.21 PTS OR 0.40%
// Nikkei CLOSED UP 312.62 OR 0.74%//Australia’s all ordinaries CLOSED DOWN 0.59%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2885 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2930// Oil DOWN TO 75.68 dollars per barrel for WTI and BRENT DOWN AT 79.21 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING A
WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /THURSDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN AT 7.2885
OFFSHORE YUAN: DOWN TO 7.2930
SHANGHAI CLOSED CLOSED UP 16.54 PTS OR 0.51%
HANG SENG CLOSED CLOSED DOWN 78.21 PTS OR 0.40%
2. Nikkei closed UP 312.62 OR 0.79%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 108.17 EURO FALLS TO 1.0402 DOWN 5 BASIS PTS HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.209 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 156.47…… 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 DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
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 UP TO +2.5145 Italian 10 Yr bond yield UP to 3.632 //SPAIN 10 YR BOND YIELD UP TO 3.173
3i Greek 10 year bond yield UP TO 3.284
3j Gold at $2743.50 /Silver at: 30.31 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 14/100 roubles/dollar; ROUBLE AT 99.11
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 156.47 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.209% 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 0.9080 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9444 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: 4.645 UP 5 BASIS PTS…
USA 30 YR BOND YIELD: 4.863. UP 5 BASIS PTS/
USA 2 YR BOND YIELD: 4.302 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.66…
10 YR UK BOND YIELD: 4.7050 UP 5 PTS
10 YR CANADA BOND YIELD: 3.353 UP 7 BASIS PTS
5 YR CANADA BOND YIELD: 3.054 UP 4 PTS.
2a New York OPENING REPORT
Futures Drop As Treasury Yields Hit 1 Week High
Thursday, Jan 23, 2025 – 07:51 AM
US equity futures are slightly lower as markets look to take a breather after making a new intraday all-time high in the US and Europe on Wednesday. As of 7:30am, S&P futures dipped 0.1% after the index closed on the brink of record peak, propelled by optimism over – what else – artificial intelligence, and a solid batch of earnings from corporate heavyweights. Nasdaq 100 futures fell 0.5% with all Mag7 names lower ex-META and Semis also weaker with NVDA/AVGO lower. Bond yields are higher, with the 10Y rising 2bps to session highs at 4.64% the highest since Jan 16, while the USD also rose. The commodity complex is under pressure with the exception of energy as WTI trades near session highs around $79.4. Today’s macro data focus is on jobless data and regional activity indicators ahead of tomorrow’s Flash PMIs.
In premarket trading, Electronic Arts shares plunge 15% after the video-game company cut its full-year net bookings guidance to a range that’s below analyst expectations, with EA Sports FC 25 and Dragon Age: The Veilguard both underwhelming. Several analysts downgraded the stock. Semiconductor stocks drop as Korean memory chipmaker SK Hynix’s record quarterly results failed to impress investors. Potential US export controls have also weighed on the sector in recent days (Nvidia (NVDA US) -1.9%, Micron Technology (MU US) -3.7%, Arm (ARM US) -4.4%, Applied Materials (AMAT US) -1.3%, Lam Research (LRCX US) -1.4%). Mag 7 stocks also dropped (Apple -0.3%, Nvidia -1.9%, Microsoft -0.8%, Alphabet -0.2%, Amazon -0.5%, Meta Platforms +0.6% and Tesla -0.5% in premarket trading). Here are some other notable premarket movers:
- Alaska Air (ALK US) shares rise 4.3% as the carrier forecast a smaller-than-expected loss in the first quarter. The company joins larger rivals United Air as airlines capitalize on unusually strong demand for travel.
- AST Spacemobile (ASTS US) shares drop 13% after announcing the pricing of $400 million aggregate principal amount of convertible senior notes due 2032 in a private offering.
- Boston Beer (SAM US) shares trade 1.1% lower after Piper Sandler downgraded the stock to neutral from overweight, overweight, citing slower-than-expected sales growth of its Twisted Tea product.
- Plexus Corp. (PLXS US) shares fall 11% after the electronics manufacturing services company forecast revenue for the second quarter below the average analyst estimate.
- RLI Corp. (RLI US) shares decline 5.9% after the specialty insurance company posted 4Q net premiums written that fell short of expectations.
- Veeva (VEEV US) shares slide 4.7% after a double downgrade to sell from buy at Goldman Sachs.
- Vertical Aerospace (EVTL US) shares tumble 30% after the aerospace company announced that it has commenced an underwritten public offering of $75 million of units.
Markets started the year in an upbeat mood amid relief that Trump has so far held off on imposing tariffs on trade partners in his first few days in office, despite threatening levies on China, Mexico, Europe and China. That said, the rally that took stocks to new all time highs on the back of AI stocks amid collapsing breadth, showed some signs of flagging as investors took stock of President Trump’s first few days in office. While his move to boost AI spending buoyed tech megacaps on Wednesday, the risk of tariffs on major trading partners still weighs on sentiment. The S&P 500 index has climbed about 5% since Trump’s election victory on Nov. 6.
“We continue to expect near-term volatility as markets react to incoming Trump headlines, and see negative impact on targeted regions if the administration follows through with the proposed tariffs,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “But we also believe US equities have room to grind higher as growth momentum continues.”
Focus on Thursday will next turn to US jobless-claims data, as well as Trump’s address at the World Economic Forum in Davos and fourth-quarter earnings reports from companies including General Electric Co., American Airlines Group Inc. and Texas Instruments Inc.
Still, there are signs the rally could be overheating with valuations at sky-high levels, especially those of tech behemoths.
“There’s a loss of momentum,” said Paul Jackson, global head of asset allocation research at Invesco, “There’s a lot of hope, a lot of good news already priced in the US markets.”
The Stoxx Europe 600 index was little changed after coming within a hair’s breadth of an all-time high on Wednesday. Technology shares fell more than 1%, giving up most of the previous day’s advance as they underperformed every other industry group in the index. Puma plunged after reporting disappointing figures, while Sweden’s EQT and Swedbank both jumped on their respective earnings. Here are the biggest movers Thursday:
- EQT gains as much as 7.9% after the Swedish private equity firm posted a reassuring set of fourth-quarter figures. Analysts described it as the best value-creating reporting period in three years
- Spectris shares jump as much as 15%, the biggest gain since 2009, after the high-tech instrument maker said its 2024 profit will top consensus. Investors should welcome the update, Jefferies says
- Swedbank shares gain as much as 5.7%, the most since October, after the Swedish lender surprised the market with a higher dividend than expected, with analyst also noting net interest income beat
- Ashtead Technology gains as much as 9.4%, hitting their highest level since late October, after the subsea equipment rental firm said it expects annual adjusted Ebita in 2024 to be ahead of consensus
- ProSieben shares climb as much as 6.3% as JPMorgan raises its estimate for the broadcaster’s 2025 Ebitda, citing a better-than-expected start to 2025
- Logitech shares rise as much as 4.2% in Zurich to the highest since July after Morgan Stanley upgraded its rating to equal-weight from underweight, saying recent data suggests potential upside to shares
- Team17 shares rise as much as 13%, hitting their highest level in over three months, after the video game firm said its 2024 results will be ahead of expectations
- Puma shares fall as much as 19%, the steepest intraday drop since September 2001, after the sportswear maker’s preliminary net income for the fourth quarter missed estimates
- Inchcape drops as much as 11%, the most since March, as JPMorgan cuts the vehicle dealership group to neutral from overweight and puts the stock on negative catalyst Watch ahead of results on March 4
- ASML falls as much as 4.5%. The decline comes amid a broader retreat in chip-equipment stocks, as well as Dutch comments on potential US export controls and Korean chipmaker SK Hynix’s stance on capex
- Hochschild Mining shares drop as much as 6.3%, extending losses following the slump seen Wednesday when the miner’s update triggered concerns about the impact of rising costs on its earnings
- Tryg falls as much as 6.6% after the Danish insurance group’s 4Q figures missed expectations. Analysts say while the result will briefly disappoint, it does not impact the longer-term investment case
- Galapagos drops as much as 3.6% after Barclays cut its rating on the stock to underweight from equal-weight, saying any value creation from a planned spinoff will “take a long time to play out”
Asian stocks were mixed, with Chinese shares edging higher after a government push for long-term funds to raise holdings in the market. Korea led regional losses, weighed down by SK Hynix’s stock after it reported earnings. The MSCI Asia Pacific Index pared advances of as much as 0.4% to trade little changed. Japanese firms including SoftBank Group and Mitsubishi Heavy Industries were among the biggest contributors to the gauge’s climb. Japanese stocks rose for a fourth day, tailing gains posted by US technology companies, which are expected to lead large-scale investments in artificial intelligence. The Bank of Japan is widely expected to raise its benchmark rate Friday by the most in 18 years. Chinese equities received a boost after authorities said they are guiding local mutual funds and insurers to raise investments into stocks in latest efforts to shore up its ailing market. The onshore benchmark CSI 300 Index rose as much as 1.8%, before ending the day 0.2% higher.
In FX, the Bloomberg Dollar Spot Index is steady. The yen inches higher with some help from a Nikkei report that said the Bank of Japan are set to raise rates on Friday. The Norwegian krone falls 0.2% after the Norges Bank left interest rates on hold as expected and stuck with its guidance for a reduction in March.
In rates, treasuries dip, with 10-year yields up 2bps to 4.64%, and slightly cheaper vs bunds and gilts. Front-end outperformance steepens 2s10s spread by around 2bp to 33bp, near weekly high. Bunds and gilts also edge lower with little economic data in Europe to dictate otherwise.
In commodities, oil prices are higher, with WTI around $75.40 a barrel. Spot gold falls $7 to ~$2,749/oz. Bitcoin falls 2% to below $102,000.
The US economic data calendar includes weekly jobless claims (8:30am) and January Kansas City Fed manufacturing activity (11am).
Market Snapshot
- S&P 500 futures down 0.2% to 6,105.50
- MXAP little changed at 181.48
- MXAPJ down 0.3% to 570.12
- Nikkei up 0.8% to 39,958.87
- Topix up 0.5% to 2,751.74
- Hang Seng Index down 0.4% to 19,700.56
- Shanghai Composite up 0.5% to 3,230.16
- Sensex up 0.2% to 76,568.99
- Australia S&P/ASX 200 down 0.6% to 8,378.71
- Kospi down 1.2% to 2,515.49
- STOXX Europe 600 down 0.1% to 527.37
- German 10Y yield little changed at 2.53%
- Euro little changed at $1.0405
- Brent Futures little changed at $79.05/bbl
- Brent Futures up 0.1% to $79.08/bbl
- Gold spot down 0.5% to $2,742.87
- US Dollar Index up 0.13% to 108.31
Top Overnight News
- Trump set to tap health industry lobbyist Don Dempsey for top white house budget job. This appointment would deal a blow to Robert F. Kennedy Jr’s hopes of overhauling the sector: FT
- Trump said he doesn’t care if Congress does one bill or two bills for reconciliation, while he stated regarding FEMA that he would rather see states take care of their own problems during a pre-recorded interview on Fox News.
- Trump announced Andrew F. Puzder will serve as the next US Ambassador to the EU.
- US Senate Committee will hold a confirmation hearing on January 29th for President Trump’s Secretary of Commerce nominee Howard Lutnick.
- Saudi Crown Prince MBS spoke with US President Trump on the phone and said the kingdom seeks to increase its investments and trade with the US by at least USD 600bln in the next four years, while the Saudi Crown Prince said the expected reforms under Trump’s administration could create “unprecedented economic prosperity”: FT
- China orders state-owned mutual funds and insurers to bolster domestic equity markets following poor YTD price action. China’s central bank chimed in with some support for the stock market too, saying at the press conference that it will continue to lower requirements for companies to get loans for stock buybacks. WSJ
- A record number of US companies in China are thinking about moving some operations out of the country or are already in the process of doing so, as geopolitical tensions rise with Trump’s return to the White House. FT
- South Korea’s GDP grew 0.1% in the fourth quarter from the previous three months, missing estimates. Japan’s exports rose for a third month in December. Singapore’s inflation unexpectedly held at 1.6%. BBG
- Asia hedge funds rebounded last year, keeping pace with the global average, after three years of widespread losses. Aspex, Panview and CloudAlpha were among those returning more than 35% on tech and AI bets. BBG
- Russia’s Kremlin on US President Trump threat of sanctions and tariffs on Russia, says “we do not see any particularly new elements here”; “we remain ready for equal and mutually respectful dialogue”.
- President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict. With domestic activity becoming strained in recent months by labor shortages and high interest rates introduced to tackle inflation, a negotiated settlement to the war is becoming increasingly desirable for Russia. RTRS
- SK Hynix shares slumped ~2.6% in South Korea after earnings (and it’s weighing on Eurozone chip stocks) as mgmt. spoke cautiously about demand in various non-AI end markets (PCs, smartphones, etc.) and acknowledged pockets of excess inventory while tempering expectations for capex growth this year (capital spending will rise only modestly this year). RTRS
- US crude inventories rose by 1 million barrels last week, the API is said to have reported. That’d be the first increase in nine weeks if confirmed by the EIA today. Fuel stockpiles also climbed. BBG
- Congress is considering a large bipartisan bill that would address the debt ceiling, the 3/14 budget expiration deadline, LA wildfire aid, and money for border security. Politico
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded somewhat mixed albeit with a mostly positive bias after the gains on Wall St where the S&P 500 printed a fresh record high and the Nasdaq led amid strength in tech and communications, while outperformance was seen in mainland China after Beijing announced efforts to support the stock market in a capital markets briefing. ASX 200 was pressured by underperformance in miners following several quarterly production updates, with tech and telecoms the only sectors that showed some resilience. Nikkei 225 climbed above the 40,000 level following recent yen weakness and mostly better-than-expected trade data. Hang Seng and Shanghai Comp were both initially underpinned with brokerage stocks lifted after the capital markets briefing in Beijing where officials from the CSRC, financial regulator and PBoC announced efforts to boost stocks with China to direct medium and long-term funds towards market investment, while there will be at least hundreds of billions of yuan of new long-term capital for A-shares every year from state-owned insurance companies. However, the Hong Kong benchmark eventually gave back the gains.
Top Asian News
- BoJ is poised to vote for a rate hike at tomorrow’s meeting, according to Nikkei sources. The BOJ has so far viewed the economic and market conditions following Trump’s inauguration as being relatively calm. The bank considered forgoing any hike if the inauguration resulted in a rollercoaster market ride, but several officials believe that “the situation is such that the bank can raise interest rates as expected.”
- A record number of US companies are considering moving some of their operations out of China or are in the process of doing so, according to a study cited by the FT.
- ByteDance earmarks over CNY 150bln in Capex for 2025 mostly targeting AI; NVIDIA (NVDA) and Huawei expected to benefit from ByteDance spending, according to Reuters sources
- China’s Vice Premier says China stands ready to increase understanding and mutual trust with the Netherlands.
- Nissan (7201 JT) is reportedly to procure EV batteries from SK’s (034730 KS) SK ON for the US market, via Nikkei; agreed to supply 20GWh worth of batteries.
- China’s MOFCOM, on US President Trump’s tariff threats, says tariffs are not good for China, US, and the world; China willing to work with US to promote stable, healthy development of economic and trade ties.
- China CSRC chief said China will direct medium and long-term funds towards market investment and there will be at least hundreds of billions of yuan of new long-term capital for A-shares every year from state-owned insurance companies, while a pilot scheme of insurers buying stocks is to be implemented in H1 2025 with scales of at least CNY 100bln. Furthermore, public funds are to increase A-share holdings by at least 10% annually over the next 3 years and China will guide fund companies to buy their own equity funds using some of their profits.
- China’s financial regulator vice head said they will encourage major state insurers to use 30% of their newly generated premium incomes for stock investment, while a PBoC official said they will expand the scope and increase the scale of liquidity tools to fund share purchases at the proper time.
European bourses (Stoxx 600 -0.1%) began the session mixed, continuing the indecisive mood seen in APAC trade overnight. Price action has generally moved sideways throughout the morning, given the lack of EZ-specific updates. European sectors are mixed, and aside from the day’s clear underperformer (Tech), the breadth of the market is fairly narrow. Tech underperforms following SK Hynix results; the co. reported strong Q4 figures, but highlighted concerns regarding demand declines in commodity memory chips. Banks top the pile, joined closely by Utilities and Telecoms.
Top European News
- ECB’s Escriva says the ECB still has restrictive policy; need to be moving towards a neutral stance
- French Finance Minister Lombard says the 2024 deficit is seen coming in close to 6% of GDP.
- EU’s Sefcovic says a pan-European customs area is something the bloc would consider as part of a “reset” discussion with the UK; BBC’s understanding is that the gov’t has begun consultations on joining the Pan-Euro-Mediterranean Convention.
- Norges Bank holds rates at 4.50% as expected; Reiterates “The policy rate will likely be reduced in March”.
- The EU is to push AI, advanced research and clean tech in a bid to compete with the US, according to Bloomberg
FX
- DXY is flat with price action in the FX space contained amid quiet newsflow. Today’s data highlight comes via weekly claims data (covers the NFP survey week). DXY currently sits in a narrow 108.16-43 range. Focus will also be on US President Trump, who is set to appear in Davos at 16:00 GMT / 11:00 EST.
- EUR is flat vs the Dollar with EZ-macro drivers light other than an ongoing drip feed of rhetoric from various ECB speakers who have added little to the debate on the GC given that a 25bps cut next week is so nailed on. EUR/USD is back below its 50DMA at 1.0437 but maintaining a footing above the 1.04 mark after delving as low as 1.0391 in early trade.
- JPY is flat vs. the USD as mostly better-than-expected Japanese trade data did little to spur a reaction in the currency. Greater attention lies on Friday’s BoJ policy announcement and Governor Ueda press conference. Policymakers are set to pull the trigger on a 25bps hike with such an outcome priced at around 95% following a slew of recent source reports suggesting that this is the case. USD/JPY is currently contained on a 156 handle within a 156.21-75 range.
- GBP is trivially softer vs. the USD and EUR with fresh macro drivers for the UK on the light side asides from messaging out of the UK government which is attempting to kickstart its growth agenda. Greater attention lies on tomorrow’s PMI metrics. Cable is currently pivoting around the 1.23 mark.
- Antipodeans are both marginally softer vs. the USD and towards the bottom of the G10 leaderboard with downside coinciding with a downward drift in European equities.
- EUR/NOK was choppy after the Norges Bank kept its Key Policy Rate at 4.50% (as expected) and reiterated that the “the policy rate will likely be reduced in March”; the pair slipped to lows of 11.7269 from pre-announcement levels of around 11.74. CapEco thinks the path of inflation will allow the Bank to move “a bit more quickly”, cutting by 25bps once per quarter until the policy rate reaches 3% in the middle of 2026.
- PBoC set USD/CNY mid-point at 7.1708 vs exp. 7.2826 (prev. 7.1696).
Fixed Income
- USTs are modestly lower, in-fitting with peers; Potentially another relatively quiet session in terms of non-supply fixed drivers, with impetus potentially from weekly claims and then a virtual appearance by US President Trump in Davos at 16:00 GMT / 11:00 EST. USTs are modestly lower but also find themselves in a narrow 108-11+ to 108-19+ band. A brief bounce in EGB’s following strong French/UK auctions were not seen in USTs, hence still reside at lows.
- Bunds hold a slight bearish bias, arising despite the pressure seen in equities. Downside which is relatively minimal in nature and as such is potentially not worth reading into significantly with no clear or overt driver behind it in recent trade and as it continues the bearish-trend WTD as we continue to await a significant tariff update from Trump who is scheduled at 16:00GMT. Bunds bounced off a 131.70 trough following a strong French/UK auction, but the pressure returned soon after to make a fresh session low at 131.57.
- OATs underperformed into their supply which likely saw a record amount offered for and bid on the exclusively shorter-dated tap. An outing which was very strong across the board and as such OATs have picked up by around 20 ticks from the 122.48 session low following the bidding deadline passing. However, the benchmark remains in the red.
- Gilts are also in the red. UK specifics light aside from some incremental updates around potential closer trade ties with the EU, though nothing concrete/significant has emerged on this yet. A strong UK 2028 auction, saw the b/c top 3x, and helped to boost Gilts by around 10 ticks from the bottom-end of a 91.74-92.05 band – though in-fitting with peers, pressure returned to take Gilts back to a fresh low of 91.67.
- UK sells GBP 4.25bln 4.375% 2028 Gilt Auction: b/c 3.2x (prev. 3.12x), average yield 4.384% (prev. 4.499%) & tail 0.2bps (prev. 1.0bps).
- France sells EUR 13bln vs exp. EUR 11-13bln 2.50% 2027, 5.50% 2029, 2.75% 2030 OAT auction.
Commodities
- Crude futures trade with a modest upward tilt in the absence of major newsflow during the European morning and after settling marginally lower yesterday following a choppy session. Brent Mar in a USD 78.60-79.31/bbl parameter.
- Precious metals are mostly softer as the dollar remains resilient but with broader newsflow light in the European morning thus far. Spot gold traded rangebound overnight and took a breather after recently advancing to its highest level in almost three months, currently in a USD 2,740.86-2,756.59/oz range.
- Base metals are lower across the board amid the tentative risk mood and with Trump’s Chinese tariffs threats remaining a grey cloud over demand in the complex.
- Private inventory data (bbls): Crude +1.0mln (exp. -1.2mln), Distillate +1.9mln (exp. -0.0mln), Gasoline +3.2mln (exp. +2.3mln), Cushing +0.5mln.
- MMG (1208 HK) says Las Bambas copper production expected between 360k-400k tonnes in 2025; delivered copper production 15% higher in 2024; Zinc copper production in 2024 is 8% higher than 2023.
- EU reportedly plans to extend gas storage refill targets (main target of 90% full storage by Nov) ahead of winter for another year (set to expire Dec 2025), according to EU diplomats cited by Reuters.
Geopolitics: Middle East
- “Heavy Israeli tank fire on city centre Rafah Southern Gaza Strip”, according to Al Jazeera.
- US Secretary of State Rubio spoke to Israeli PM Netanyahu and conveyed that he looks forward to addressing threats posed by Iran.
- White House designated Yemen’s Houthi movement as a foreign terrorist organisation and said the policy of the US is to cooperate with regional partners to eliminate Houthis’ capabilities and operations.
Geopolitics: Ukraine
- “A senior European source told me this week yes, Russia has significantly escalated sabotage and it poses a real threat. But there’s a danger of adding 2 + 2 and getting five, concluding that Russia is deliberately behind everything”, via to WSJ’s Norman.
- Military administration in Zaporizhia reported 4 explosions in the city of Zaporizhia in southeastern Ukraine due to Russian missile shelling, according to Al Jazeera.
Geopolitics: Other
- US Secretary of State Rubio spoke to Venezuela’s Edmundo González Urrutia and María Corina Machado on Wednesday, while he reaffirmed US support for the restoration of democracy in Venezuela and the immediate release of all political prisoners. Rubio also spoke with South Korean Foreign Minister Cho held a phone call and stated that the US-South Korea alliance is the linchpin of regional peace and security. Furthermore, he spoke to the Philippines Secretary of Foreign Affairs about China’s dangerous and destabilising actions in the South China Sea.
US Event Calendar
- 08:30: Jan. Continuing Claims, est. 1.87m, prior 1.86m
- 08:30: Jan. Initial Jobless Claims, est. 220,000, prior 217,000
- 11:00: Jan. Kansas City Fed Manf. Activity, est. 0, prior -4
DB’s Jim Reid concludes the overnight wrap
Markets continued to advance over the last 24 hours, with the S&P 500 (+0.61%) closing just -0.06% beneath its all-time high in early December. That was driven by another batch of strong earnings results, which led to growing optimism about the economic outlook over the next couple of years. In fact, the latest gains mean the S&P 500 is now up +3.48% in 2025 already, making this the strongest start to a year since before the pandemic in 2019, when the S&P was up by +5.03% at this point. Over in Europe it was a similar story, with the STOXX 600 closing just a whisker beneath its own record high from late-September.
Tech stocks were driving those gains yesterday, with Netflix (+9.69%) posting the largest advance in the S&P 500 after announcing the biggest quarterly subscriber gain in their history. Otherwise, Procter & Gamble (+1.87%) also had a strong day, as their quarterly sales beat expectations for the first time in over a year. And the Magnificent 7 (+1.32%) outperformed as well, led by Nvidia (+4.43%). That came amid broad gains for AI-related stocks, with Oracle (+6.75%) and OpenAI’s partner Microsoft (+4.13%) advancing after unveiling the AI investment partnership with President Trump the previous evening. However, unlike recent days, the rally didn’t have much breadth to it, with nearly two-thirds of the S&P 500 lower on the day and the equal-weighted version (-0.37%) ending a run of 6 consecutive gains. So even as the overall index almost hit a new record, it was a narrow rally led by tech stocks, of the sort we’ve been used to over 2023 and 2024.
We’ll hear a lot more on the earnings front next week, including from Apple, Microsoft, Amazon, Meta and Tesla. But in the meantime, investors are still heavily focused on the new Trump administration and how it’s going to pursue the implementation of tariffs. In terms of the last 24 hours, Trump did make a post on Truth Social about Russia, saying that if a deal weren’t made to settle the war, he would “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 comments confirm suggestions that the new administration might take tougher sanctions measures against Russia, even if they might be less willing to provide more military aid to Ukraine. Otherwise, there weren’t any fresh developments on tariffs yesterday, so the focus now turns to the February 1 tariff deadline that Trump suggested earlier this week.
Given the risk-on tone for markets, US Treasury yields also moved higher yesterday, with the 10yr yield up +3.5bps to 4.61%. In part, that was because of some growing doubts about whether the Fed would still cut rates by much (if at all) this year, particularly with the S&P 500 nearing new highs and financial conditions easing over recent weeks. But overall, it wasn’t a particularly big move, and the focus is increasingly turning to the Fed’s decision next week, and how Chair Powell is set to describe the outlook.
Meanwhile in Europe, the STOXX 600 (+0.39%) posted a 6th consecutive advance, which meant it closed just -0.008% beneath its own record high from late-September. And in Germany, the DAX (+1.01%) hit a new record once again, meaning its YTD gains now stand at +6.76%, the strongest of any major global equity index. That came alongside an increasingly optimistic tone in Europe, with the Franco-German 10yr yield spread down to its tightest in over two months, at 74bps, whilst Euro IG credit spreads are at their tightest in three years as well, at 96bps.
Elsewhere, we heard from several ECB speakers ahead of next week’s decision. Austria’s Holzmann suggested that it would be better “to wait a bit more” before the next rate cut, but there was no other pushback against a widely expected 25bps cut next week. ECB President Lagarde described the central bank as “on this sort of regular, gradual path”, while Spain’s Escriva said that a 25bp cut “feels like this is the most likely scenario” and Dutch central bank governor Knot noted that he was “pretty comfortable with the market expectations (for rate cuts in January and March)”. In all, those comments weren’t much of a surprise, and European rates traded in line with the global pattern for the most part, with yields on 10yr bunds (+2.1bps) and BTPs (+1.2bps) both moving higher, although French OATs (-0.7bps) outperformed.
Overnight in Asia, the market rally has continued for the most part, with Chinese equities leading the way, including the CSI 300 (+1.07%) and the Shanghai Comp (+1.35%). That’s been supported by comments from the China Securities Regulatory Commission, whose chairman said that mutual funds should increase their onshore equity holdings by at least 10% each year for the next 3 years. So for equity markets, that helped to offset concern about potential tariff threats. However, South Korean equities have underperformed this morning, with the KOSPI down -0.72%. That comes as South Korea’s growth data was weaker-than-expected overnight, with Q4 GDP only up by +0.1% (vs. +0.2% expected), and annual GDP for 2024 was up +2.0% (vs. +2.1% expected). That continues a pattern of pretty flat growth in recent quarters, with a -0.2% contraction in Q2, followed up by +0.1% growth in Q3 and Q4.
Over in Japan, the focus is increasingly turning to the Bank of Japan’s decision tomorrow, where markets are increasingly expecting another rate hike. Indeed, if they do announce a 25bp hike as expected, that would be the biggest hike since 2007, so it would continue the path towards monetary policy normalisation we’ve seen over the last year. In the meantime, the December trade data overnight showed that Japan’s trade surplus with the US was at ¥8.6 trillion in 2024, only slightly beneath the ¥8.7 trillion in 2023. Otherwise, the Nikkei (+0.97%) has continued to advance this morning, and its weekly advance of +4.11% as it stands would be its biggest since late September. Looking forward, US equity futures are only slightly lower, with those on the S&P 500 down -0.08%.
To the day ahead now, and data releases include the weekly initial jobless claims in the US, along with the European Commission’s preliminary consumer confidence reading for January in the Euro Area. Otherwise from central banks, we’ll hear from the ECB’s Escriva.
2B) EUROPEAN REPORT
USD flat & Bonds hold a bearish bias ahead of jobless claims and comments from Trump – Newsquawk US Market Open
Thursday, Jan 23, 2025 – 06:25 AM
- European bourses are mixed, tech-heavy NQ slightly underperforms after SK Hynix highlights demand concerns.
- USD flat with price action contained in quiet trade; markets await US President Trump at Davos.
- Bonds hold a bearish bias into Trump though benchmarks bounced briefly on strong UK & French supply, but returned to session lows.
- Crude a little firmer, Base metals continue to be subdued by Trump tariff threats.
- Looking ahead, US Initial Jobless Claims, Australian PMI, Japanese CPI, Canadian Retail Sales, CBRT Policy Announcement, Supply from the US, Speakers including SNB Chair Schlegel & US President Trump.
- Earnings from GE Aerospace, American Airlines Group Inc., Freeport-McMoRan Copper & Gold, Huntington Bancshares Incorporated, Texas Capital Bancshares, Elevance Health, Alaska Air Group, Union Pacific Corp., Texas Instruments Incorporated, Intuitive Surgical, CSX Corp.
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EUROPEAN TRADE
EQUITIES
- European bourses (Stoxx 600 -0.1%) began the session mixed, continuing the indecisive mood seen in APAC trade overnight. Price action has generally moved sideways throughout the morning, given the lack of EZ-specific updates.
- European sectors are mixed, and aside from the day’s clear underperformer (Tech), the breadth of the market is fairly narrow. Tech underperforms following SK Hynix results; the co. reported strong Q4 figures, but highlighted concerns regarding demand declines in commodity memory chips. Banks top the pile, joined closely by Utilities and Telecoms.
- US equity futures are broadly on the backfoot, with slight underperformance in the tech-heavy NQ (-0.5%), following the weakness in Europe as the sector digests poor SK Hynix results.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- DXY is flat with price action in the FX space contained amid quiet newsflow. Today’s data highlight comes via weekly claims data (covers the NFP survey week). DXY currently sits in a narrow 108.16-43 range. Focus will also be on US President Trump, who is set to appear in Davos at 16:00 GMT / 11:00 EST.
- EUR is flat vs the Dollar with EZ-macro drivers light other than an ongoing drip feed of rhetoric from various ECB speakers who have added little to the debate on the GC given that a 25bps cut next week is so nailed on. EUR/USD is back below its 50DMA at 1.0437 but maintaining a footing above the 1.04 mark after delving as low as 1.0391 in early trade.
- JPY is flat vs. the USD as mostly better-than-expected Japanese trade data did little to spur a reaction in the currency. Greater attention lies on Friday’s BoJ policy announcement and Governor Ueda press conference. Policymakers are set to pull the trigger on a 25bps hike with such an outcome priced at around 95% following a slew of recent source reports suggesting that this is the case. USD/JPY is currently contained on a 156 handle within a 156.21-75 range.
- GBP is trivially softer vs. the USD and EUR with fresh macro drivers for the UK on the light side asides from messaging out of the UK government which is attempting to kickstart its growth agenda. Greater attention lies on tomorrow’s PMI metrics. Cable is currently pivoting around the 1.23 mark.
- Antipodeans are both marginally softer vs. the USD and towards the bottom of the G10 leaderboard with downside coinciding with a downward drift in European equities.
- EUR/NOK was choppy after the Norges Bank kept its Key Policy Rate at 4.50% (as expected) and reiterated that the “the policy rate will likely be reduced in March”; the pair slipped to lows of 11.7269 from pre-announcement levels of around 11.74. CapEco thinks the path of inflation will allow the Bank to move “a bit more quickly”, cutting by 25bps once per quarter until the policy rate reaches 3% in the middle of 2026.
- PBoC set USD/CNY mid-point at 7.1708 vs exp. 7.2826 (prev. 7.1696).
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- USTs are modestly lower, in-fitting with peers; Potentially another relatively quiet session in terms of non-supply fixed drivers, with impetus potentially from weekly claims and then a virtual appearance by US President Trump in Davos at 16:00 GMT / 11:00 EST. USTs are modestly lower but also find themselves in a narrow 108-11+ to 108-19+ band. A brief bounce in EGB’s following strong French/UK auctions were not seen in USTs, hence still reside at lows.
- Bunds hold a slight bearish bias, arising despite the pressure seen in equities. Downside which is relatively minimal in nature and as such is potentially not worth reading into significantly with no clear or overt driver behind it in recent trade and as it continues the bearish-trend WTD as we continue to await a significant tariff update from Trump who is scheduled at 16:00GMT. Bunds bounced off a 131.70 trough following a strong French/UK auction, but the pressure returned soon after to make a fresh session low at 131.57.
- OATs underperformed into their supply which likely saw a record amount offered for and bid on the exclusively shorter-dated tap. An outing which was very strong across the board and as such OATs have picked up by around 20 ticks from the 122.48 session low following the bidding deadline passing. However, the benchmark remains in the red.
- Gilts are also in the red. UK specifics light aside from some incremental updates around potential closer trade ties with the EU, though nothing concrete/significant has emerged on this yet. A strong UK 2028 auction, saw the b/c top 3x, and helped to boost Gilts by around 10 ticks from the bottom-end of a 91.74-92.05 band – though in-fitting with peers, pressure returned to take Gilts back to a fresh low of 91.67.
- UK sells GBP 4.25bln 4.375% 2028 Gilt Auction: b/c 3.2x (prev. 3.12x), average yield 4.384% (prev. 4.499%) & tail 0.2bps (prev. 1.0bps).
- France sells EUR 13bln vs exp. EUR 11-13bln 2.50% 2027, 5.50% 2029, 2.75% 2030 OAT auction.
- Click for a detailed summary
COMMODITIES
- Crude futures trade with a modest upward tilt in the absence of major newsflow during the European morning and after settling marginally lower yesterday following a choppy session. Brent Mar in a USD 78.60-79.31/bbl parameter.
- Precious metals are mostly softer as the dollar remains resilient but with broader newsflow light in the European morning thus far. Spot gold traded rangebound overnight and took a breather after recently advancing to its highest level in almost three months, currently in a USD 2,740.86-2,756.59/oz range.
- Base metals are lower across the board amid the tentative risk mood and with Trump’s Chinese tariffs threats remaining a grey cloud over demand in the complex.
- Private inventory data (bbls): Crude +1.0mln (exp. -1.2mln), Distillate +1.9mln (exp. -0.0mln), Gasoline +3.2mln (exp. +2.3mln), Cushing +0.5mln.
- MMG (1208 HK) says Las Bambas copper production expected between 360k-400k tonnes in 2025; delivered copper production 15% higher in 2024; Zinc copper production in 2024 is 8% higher than 2023.
- EU reportedly plans to extend gas storage refill targets (main target of 90% full storage by Nov) ahead of winter for another year (set to expire Dec 2025), according to EU diplomats cited by Reuters.
- Click for a detailed summary
NOTABLE DATA RECAP
- French Business Climate Manufacturing (Jan) 95.0 (Prev. 97.0)
NOTABLE EUROPEAN HEADLINES
- ECB’s Escriva says the ECB still has restrictive policy; need to be moving towards a neutral stance
- French Finance Minister Lombard says the 2024 deficit is seen coming in close to 6% of GDP.
- EU’s Sefcovic says a pan-European customs area is something the bloc would consider as part of a “reset” discussion with the UK; BBC’s understanding is that the gov’t has begun consultations on joining the Pan-Euro-Mediterranean Convention.
- Norges Bank holds rates at 4.50% as expected; Reiterates “The policy rate will likely be reduced in March”. Click for details.
- The EU is to push AI, advanced research and clean tech in a bid to compete with the US, according to Bloomberg
NOTABLE US HEADLINES
- US President Trump set to tap health industry lobbyist Don Dempsey for top white house budget job, according to the FT. The FT say this appointment would deal a blow to Robert F. Kennedy Jr’s hopes of overhauling the sector.
- BofA total card spending (week to 18th) +5.6% Y/Y (vs +2.2% average in Dec).
- US President Trump said he doesn’t care if Congress does one bill or two bills for reconciliation, while he stated regarding FEMA that he would rather see states take care of their own problems during a pre-recorded interview on Fox News.
- US President Trump announced Andrew F. Puzder will serve as the next US Ambassador to the EU.
- US Senate Committee will hold a confirmation hearing on January 29th for President Trump’s Secretary of Commerce nominee Howard Lutnick.
- Saudi Crown Prince MBS spoke with US President Trump on the phone and said the kingdom seeks to increase its investments and trade with the US by at least USD 600bln in the next four years, while the Saudi Crown Prince said the expected reforms under Trump’s administration could create “unprecedented economic prosperity”.
- Russia’s Kremlin on US President Trump threat of sanctions and tariffs on Russia, says “we do not see any particularly new elements here”; “we remain ready for equal and mutually respectful dialogue”.
- UK’s CMA to investigate Apple (AAPL) and Google’s (GOOGL) mobile ecosystem; investigation will determine if Apple and Google have strategic market status in their mobile ecosystems, including op. system, app stores and mobile browsers.
GEOPOLITICS
MIDDLE EAST
- “Heavy Israeli tank fire on city centre Rafah Southern Gaza Strip”, according to Al Jazeera.
- US Secretary of State Rubio spoke to Israeli PM Netanyahu and conveyed that he looks forward to addressing threats posed by Iran.
- White House designated Yemen’s Houthi movement as a foreign terrorist organisation and said the policy of the US is to cooperate with regional partners to eliminate Houthis’ capabilities and operations.
RUSSIA-UKRAINE
- “A senior European source told me this week yes, Russia has significantly escalated sabotage and it poses a real threat. But there’s a danger of adding 2 + 2 and getting five, concluding that Russia is deliberately behind everything”, via to WSJ’s Norman.
- Military administration in Zaporizhia reported 4 explosions in the city of Zaporizhia in southeastern Ukraine due to Russian missile shelling, according to Al Jazeera.
OTHER NEWS
- US Secretary of State Rubio spoke to Venezuela’s Edmundo González Urrutia and María Corina Machado on Wednesday, while he reaffirmed US support for the restoration of democracy in Venezuela and the immediate release of all political prisoners. Rubio also spoke with South Korean Foreign Minister Cho held a phone call and stated that the US-South Korea alliance is the linchpin of regional peace and security. Furthermore, he spoke to the Philippines Secretary of Foreign Affairs about China’s dangerous and destabilising actions in the South China Sea.
CRYPTO
- Bitcoin is weaker today and has slipped below USD 102k; Ethereum also edges lower and back to USD 3.1k handle.
APAC TRADE
- APAC stocks traded somewhat mixed albeit with a mostly positive bias after the gains on Wall St where the S&P 500 printed a fresh record high and the Nasdaq led amid strength in tech and communications, while outperformance was seen in mainland China after Beijing announced efforts to support the stock market in a capital markets briefing.
- ASX 200 was pressured by underperformance in miners following several quarterly production updates, with tech and telecoms the only sectors that showed some resilience.
- Nikkei 225 climbed above the 40,000 level following recent yen weakness and mostly better-than-expected trade data.
- Hang Seng and Shanghai Comp were both initially underpinned with brokerage stocks lifted after the capital markets briefing in Beijing where officials from the CSRC, financial regulator and PBoC announced efforts to boost stocks with China to direct medium and long-term funds towards market investment, while there will be at least hundreds of billions of yuan of new long-term capital for A-shares every year from state-owned insurance companies. However, the Hong Kong benchmark eventually gave back the gains.
NOTABLE ASIA-PAC HEADLINES
- BoJ is poised to vote for a rate hike at tomorrow’s meeting, according to Nikkei sources. The BOJ has so far viewed the economic and market conditions following Trump’s inauguration as being relatively calm. The bank considered forgoing any hike if the inauguration resulted in a rollercoaster market ride, but several officials believe that “the situation is such that the bank can raise interest rates as expected.”
- A record number of US companies are considering moving some of their operations out of China or are in the process of doing so, according to a study cited by the FT.
- ByteDance earmarks over CNY 150bln in Capex for 2025 mostly targeting AI; NVIDIA (NVDA) and Huawei expected to benefit from ByteDance spending, according to Reuters sources
- China’s Vice Premier says China stands ready to increase understanding and mutual trust with the Netherlands.
- Nissan (7201 JT) is reportedly to procure EV batteries from SK’s (034730 KS) SK ON for the US market, via Nikkei; agreed to supply 20GWh worth of batteries.
- China’s MOFCOM, on US President Trump’s tariff threats, says tariffs are not good for China, US, and the world; China willing to work with US to promote stable, healthy development of economic and trade ties.
- China CSRC chief said China will direct medium and long-term funds towards market investment and there will be at least hundreds of billions of yuan of new long-term capital for A-shares every year from state-owned insurance companies, while a pilot scheme of insurers buying stocks is to be implemented in H1 2025 with scales of at least CNY 100bln. Furthermore, public funds are to increase A-share holdings by at least 10% annually over the next 3 years and China will guide fund companies to buy their own equity funds using some of their profits.
- China’s financial regulator vice head said they will encourage major state insurers to use 30% of their newly generated premium incomes for stock investment, while a PBoC official said they will expand the scope and increase the scale of liquidity tools to fund share purchases at the proper time.
DATA RECAP
- Japanese Trade Balance Total Yen (Dec) 130.9B vs. Exp. -53.0B (Prev. -110.3B)
- Japanese Exports YY (Dec) 2.8% vs. Exp. 2.3% (Prev. 3.8%); Imports YY (Dec) 1.8% vs. Exp. 2.6% (Prev. -3.8%)
- South Korean GDP QQ (Q4 A) 0.1% vs. Exp. 0.2% (Prev. 0.1%); YY (Q4 A) 1.2% vs. Exp. 1.4% (Prev. 1.5%)
2C ASIAN REPORT
3B NORTH KOREA/SOUTH KOREA
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3C JAPAN
end
3D. CHINA/
why Xi will not attack Taiwan right now
(zerohedge)
Taiwan: Will Xi Or Won’t Xi?
Wednesday, Jan 22, 2025 – 10:35 PM
Authored by Grant Newsham via RealClearDefense,
Chinese leader, Xi Jinping has been clear that he intends to get Taiwan – one way or another.
He has good reasons.
It would establish Xi as one of the immortals by accomplishing something Mao Tse Tung couldn’t. By taking Taiwan, China breaks through the first island-chain – the island nations stretching from Japan to Taiwan and on to the Philippines and Malaysia – that constrain China’s freedom of access to the Pacific and beyond. Break the chain and the PLA then gets easy access to the Pacific and potentially can surround Japan, cut-off Australia and move onwards.
These are operational advantages.
As important are the political and psychological advantages. Take Taiwan and Beijing has demonstrated the U.S. military couldn’t save the 23 million free people of Taiwan. Neither could American economic and financial pressure. And U.S. nuclear weapons didn’t stop China either.
In capitals all over Asia, the calculus will change, and many will cut the best deals they can and turn ‘red’ overnight rather than try to withstand Chinese pressure on their own. The United States will be finished as a Pacific power. And globally nobody will trust a U.S. promise of protection – explicit or implicit.
Can China Take Taiwan?
The recently released 2024 DOD China Military Power Report presents a grim picture of a rapidly developing Chinese military.
But the report assesses that while Taiwan is a prime target, the Chinese military just isn’t ready for operations against the island.
No matter how much progress the PLA makes, it seems it’s never quite ready to attack Taiwan.
China experts can rattle off the reasons why a Chinese assault on Taiwan won’t be coming in the near future.
Here’s the bingo card of reasons. And why, perhaps, the arguments may not be all they seem.
1. There are only two short windows during the year (April and October) when the weather is good enough for an invasion force to get across the Taiwan Strait.
When asked about this, a Taiwanese oceanographer noted: “Look at the ferry schedules. They run all year.” And someone should have told Dwight Eisenhower about the weather in June 1944. He only needed 72 hours of decent weather to get across the English Channel.
2. Only a tiny number of narrow beaches on Taiwan’s west coast are suitable for an amphibious landing.
Amphibious forces sometimes don’t need much of a beach…or one at all…if you’ve hit the defender hard enough or deceived him. The U.S. Marines pushed a division across a beach about 200 yards wide in one day at Tinian in 1944. And amphibious operations include troops delivered by helicopter, airborne, and infiltrated in advance along with fifth columnists.
3. PLA needs to seize a port — and that’ll never happen because 1) it’s a port and Taiwan is presumably defending it; 2) The Chinese are not smart enough to have their fifth column, including organized crime, already in place to open up, say, Kaohsiung.
The “barges” China is building can, in combination with redundant ships, be used to build breakwaters and other components of an artificial port.
4. PLA hasn’t got the ‘lift’ – enough ships – to take troops and equipment across the strait.
A Marine Corps University professor in the late 2010’s had a PowerPoint presentation making this case. He was counting the wrong ships. Add in ‘old’ amphibious ships and civilian ships and boats that were integrated under the ‘military-civil fusion’ doctrine and the PLA had plenty of lift. It’s got even more now. And the world’s second largest merchant marine has more than enough shipping to deliver up to six brigades and 60 days of supplies (particularly if they build an artificial harbor).
5. Amphibious operations are the hardest, most complex military operation known to man.
This argument boils down to ’the Chinese just aren’t as smart as us.’ That’s mistaken and when it comes to amphibious operations read Toshi Yoshihara’s book on how they performed in the Chinese Civil War.
6. PLA can’t do joint operations.
Look at recent exercises and ongoing training. They’re getting better. In fact, they’ve been doing joint training for going on two decades and intensely since Xi came to power 12 years ago. And you don’t have to be perfect. Just good enough to do a specific task in a specific place.
7. PLA can’t do ‘joint logistics over-the-shore.’
Once again, the Chinese aren’t smart enough and can’t possibly be our equals.
8. The PLAN has aircraft carriers but they’re nowhere near our level.
Do you see a pattern? The Chinese aren’t intelligent or capable enough. Just as was said about the Japanese in 1941. Remember, the PLA’s carriers will be operating within and along the edge of the First Island Chain and with the support of the PLAAF and PLA Rocket Force.
9. PLA hasn’t got combat experience.
Neither does the U.S. Navy, except against the Houthi Navy. And the rest of the U.S. military hasn’t fought a high-end opponent in decades.
10. The PLA is corrupt.
Andrew Erickson at the Naval War College gets it right: “If Xi and the PLA were in the disarray that some myopically focused on their system’s chronic corruption imagine, there’s no way China’s military could be developing, deploying, exercising, and otherwise preparing in the ways that the CMPR chronicles.”
11. Xi Jinping can’t trust his generals and admirals.
Neither could Hitler or Stalin. One almost got to Moscow. The other took Berlin.
12. The PLA is ‘restive’ and pushing back at Xi’s efforts to give himself total power.
Have we ever seen any real evidence that any PLA officer has “pushed back”? And on our side, how many U.S. Navy admirals pushed back against the systematic degrading of their service’s capabilities over the last 30 years? It was also said before 1939 that the Wehrmacht Generals – the elite of the elite – would never actually let ‘that Corporal’ run things.
13. The Chinese can’t innovate. They can only copy.
There’s ‘Chinese ingenuity’ just as there was ‘Yankee ingenuity.’ It works well enough, no matter who invented the thing improved upon. the PLA Strategic Rocket Force has been very innovative…anyone heard of the DF-21D, DF-26, and DF-17? Or the new Type 076 amphibious assault carrier that is going to carry and launch drones, fixed wing, and helicopters and put amphibious vehicles on the beach?
14. PLA officers and NCOs won’t take the initiative — like ours will.
Maybe. But have you ever heard a Korean War vet say he wanted to fight the Chinese again?
15. China won’t attack Taiwan until 2027, 2035, 2049.
It’s always some years off. Xi is said to have told his military to be ready to go against Taiwan by 2027. In fact, Hu Jintao in 2008 and Xi in 2013 ordered the PLA to be ready to take Taiwan in 2020. The shoe could drop at any time. Would Xi really tell us his attack date in advance? Remember that the British assessed in the 1930’s that Germany would not be ready to fight a war until 1943.
16. China has so many one-child families that Xi wouldn’t dare attack.
The popular anger over families losing their only child would be too hard for Xi and CCP leaders to handle, it is argued. But make them ‘heroes of the revolution’ and provide a house and a handsome pension- and complain about it and disappear.
17. Economic costs would be too high.
Tough, yes, but Xi is sanctions-proofing the country. And he’s telling his people to toughen up and get ready for what’s coming. What is never discussed is the economic benefits that taking Taiwan and establishing the PRC’s global domination over the global trading system would mean for the PRC. It is always viewed in the negative…but they don’t consider that Xi and the CCP see it as a step towards economic supremacy.
18. The blow to China’s reputation will be too high.
As if the CCP cares about its reputation. If the CCP doesn’t mind the flack that comes from taking organs out of live prisoners and selling them, the criticism from taking Taiwan won’t move the needle much. Nor is there likely to be much. Who is still talking about the subjugation of Tibet or the strangling of Hong Kong?
19. Taiwan has a million reservists.
999,000 of whom get about four days training a year.
20. Taiwan military and civilians will fight like tigers.
Maybe. But the Taiwanese may not be the Ukrainians or the Finns, especially if outside support doesn’t come quickly.
21. Taiwan has mountains. Mountain combat is tough.
Just too hard for the Chinese, it seems. However, selected PLA brigades train in the mountains annually and unless there is a war with India, they might be deployed to Taiwan after the beaches are secure.
22. Taiwan has cities. Urban combat is tough.
The Americans, the Russians, and many others have figured out urban combat. But it’s too hard for the Chinese?
23. The U.S. military has a qualitative superiority with its hardware, training, and experience.
The French thought ‘elan’ would overcome the German Maxim guns in 1914. It didn’t. They also had faith in the fact their tanks were superior in 1940. And these days, America’s technological superiority is eroding almost daily.
24. The U.S. military calculated that taking Formosa from the Japanese in 1944/1945 would have been a herculean effort.
True. But perhaps Xi thinks it’s worth it for him. And what he thinks matters. And it probably is worth more to the PRC and Xi these days than Formosa was to the U.S. in 1944/1945. Also, let’s not forget that our invasion force had to travel 1200nm to the invasion beaches on Taiwan versus 120nm for the PLA. We only had carriers for air support for the first week. Again, the PLA has the full strength of the Eastern and Southern Theater Command Air Forces as well as the PLARF (PLA Rocket Force). We had nothing to compare to the PLARF in 1944-45.
25. The American invasion of Sicily in 1943 was really hard…so the PLA can’t possibly do an invasion of Taiwan.
Really. One fellow wrote a piece about this a few years ago.
26. The Japanese will step in.
With what? And not if Japan’s business community and the ‘Ministry of Foreign Affairs’ ‘China club’ and the ‘political class’ China sympathizers have anything to say about it.
These are all practical articles of faith for a sizeable chunk of the U.S. China analyst community. And they create ‘threat deflation’ – as retired U.S. Navy Captain James Fanell and Dr. Bradley Thayer call it – that justifies complacency.
It is of course possible that some combination of these reasons may dissuade Xi Jinping from attacking Taiwan. And nothing in war is easy – not least an assault across the Taiwan Strait.
But one imagines a similar ‘bingo card’ could have been created to demonstrate why the Chinese wouldn’t or couldn’t attack across the Yalu River into Korea in 1950. It’s equally dangerous to underestimate the PRC in 2025.
So, the United States has a choice: start acting like the threat to Taiwan (and to us) is immediate and not a couple years or more into the future – and move a lot faster.
Or, if that’s too hard, just read and re-read reasons 1-26 until you are lulled into a comfortable stupor. No points for guessing which one Xi would prefer.
Grant Newsham is a retired U.S. Marine officer and senior fellow at The Center for Security Policy, The Japan Forum for Strategic Studies, and The Yorktown Institute. He is the author of When China Attacks: A Warning to America.
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4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
UK RUSSIA
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HAMAS/
Hamas commander back from the dead and Israel’s Gaza problem – analysis
Reappearing Hamas commander Hussein Fiad claims Gaza ‘victory’ after IDF thought he was killed.
By SETH J. FRANTZMANJANUARY 23, 2025 11:07Updated: JANUARY 23, 2025 11:08
A Hamas commander who led Hamas fighters in Beit Hanoun and northern Gaza appeared in a video on January 22. Hussein Fiad, the commander, was believed to have been killed in May.
However, he apparently has a new lease on life. He gave a short speech after reappearing in the wake of the ceasefire. Standing with several men, the gaunt Fiad, who had a short beard, spoke about how Hamas had succeeded in Gaza.
He said that Israel had not achieved its goals in Gaza. He said that when one doesn’t achieve their goals, they lose. This is what “they call military rules; the strong one loses when he doesn’t win.” He implied that the weaker side, Hamas, won simply by virtue of not losing.
He clearly lays out what the Hamas strategy was. The Hamas strategy was not to lose. How the measure of losing is unclear, but it appears that they believe as long as they emerge after the war and can run Gaza, they have not lost.
Israel measures winning differently. Israel didn’t have a clear strategy in Gaza. Therefore, it was harder for Israel to win because it didn’t seem to have a clear goal or day-after plan. Hamas knew this and assumed that if it had just waited long enough, then it would have “won.”
Fiad is a kind of symbol of this challenge in Gaza. Back in May, the IDF claimed it had eliminated this commander. It said he was the commander of the Beit Hanoun battalion and that he had been killed in Jabaliya. It blamed him for anti-tank missile and rocket attacks on Israel.
The IDF said back in May that “as part of IDF operational activity in the area of Jabaliya, Israeli Air Force special forces and the special Yahalom Combat Engineering unit eliminated terrorist Hussein Fiad, the commander of Hamas’ Beit Hanoun Battalion, who was in a tunnel in northern Gaza.”
The Beit Hanoun issue
The re-appearance of Fiad is an example of the problem the IDF has faced in Gaza throughout the war. Beit Hanoun is a town in northern Gaza close to the Israeli border. The outskirts of Beit Hanoun or only a mile from Sderot. This area has been used to threaten Israel for years.
Rockets have often been fired from Beit Hanoun. The urban area has also often been heavily damaged in past rounds of conflict. However, Hamas always returns and uses it to threaten Israel.
After the ceasefire on January 19, the IDF redeployed the Nahal Brigade, which had been fighting in Beit Hanoun. The brigade has returned to the border area to prepare for new missions. This again illustrates the challenge the IDF faced in northern Gaza.
Three months of tough fighting from October to January illustrated how hard it was to remove Hamas completely from this area. The fact that men like Fiad not only survived but have popped up to declare they won is an example of the Hamas plan all along. Hamas always believed all it had to do was hide in the rubble and wait. It didn’t need to confront the IDF with “battalions” of fighters.
It split them up into small groups and waited. While Hamas may have suffered thousands of casualties, the IDF estimates some 20,000 were eliminated; the group continues to hold on to Gaza. In the absence of any other group willing to administer the area, it will continue to run things with men like Fiad. He makes no secret of the Hamas strategy.
The challenge Israel has faced in confronting such a strategy is that Israel has not come up with a strategy to defeat the Hamas strategy.
END
ISRAEL HAMAS/WEST BANK
IDF says Palestinian gunmen behind deadly West Bank terror attack killed near Jenin
IDF says Palestinian gunmen behind deadly al-Funduq terror attack killed near Jenin
Israeli forces seen during a military operation in the West Bank city of Jenin, January 22, 2025. (Nasser Ishtayeh/Flash90)
Two Palestinian gunmen killed by troops near the West Bank city of Jenin last night were among the perpetrators of a deadly terror shooting attack in the village of al-Funduq earlier this month.
Hamas took responsibility for the January 6 attack, and confirms that Qutaiba al-Shalabi and Mohammed Nazal, who were killed last night, carried out the shooting that killed three Israelis.
The IDF says that troops of the Duvdevan commando unit, Shin Bet agents, and other soldiers surrounded a building in Wadi Burqin and carried out a tactic known as “pressure cooker,” which involves escalating the volume of fire against a building to flush suspects out.
After an exchange of fire that lasted some four hours, the two gunmen were killed. One IDF soldier was moderately hurt, the military says.
While Hamas claimed the two gunmen as members, the IDF says they are members of a different terror group, the Palestinian Islamic Jihad.
The IDF adds that several suspects who assisted in carrying out the deadly terror shooting were also detained amid an ongoing raid in the Jenin area.
At least three gunmen carried out the January 6 shooting in al-Funduq, killing off-duty police officer Master Sgt. Elad Yaakov Winkelstein and civilians Rachel Cohen and Aliza Raiz.
Master Sgt. Elad Yaakov Winkelstein (left), 35, Rachel Cohen (center), 73 and Aliza Raiz (right), 70, were killed in a terror shooting attack in the West Bank village of al-Funduq on January 6, 2025. (Courtesy)
end
Hamas is making big comeback in Gaza during ceasefire, expert warns
Senior researcher at the Dayan Center at Tel Aviv University explains the developments in the Gaza Strip in context of the hostage deal and the ceasefire.
By WALLA!JANUARY 23, 2025 10:15
“From Hamas’s perspective, they are making a major comeback as a dominant force in Gaza,” Dr. Michael Milshtein, a senior researcher at the Dayan Center at Tel Aviv University, told 103FM on Thursday regarding the developments in the Gaza Strip in the context of the hostage deal and the ceasefire.
“Their situation is not bad. It’s terrible for us to say this because we wanted to see a battered, beaten, and maybe even barely existing organization. Yesterday, the education system in Gaza announced that schools will soon reopen, even though 85% of schools no longer exist. 6,000 Hamas police officers have been deployed throughout the strip, making it clear to everyone who is in charge and signaling that there’s no point in talking about the ‘post-war era,'” he said.
“We need to get into the mindset of many Palestinians, especially Hamas – in their view, the price was worth it. In their count, 50,000 died, and the destruction of Gaza is the justified price for the harm caused to Israel and for their national pride. I’m not justifying them, but that is their narrative, and it’s time we understand that,” he added.
“The mainstream sentiment is one of authentic achievement. Blinken spoke about 4,000 new recruits to Hamas, and that’s just from the past few months. They will use the near future to rebuild. This means organization structures, new appointments of commanders, and attempts to locate weapons’ wherever possible.”
Milshtein continued and addressed the statements made by Finance Minister Bezalel Smotrich, who said that the fighting must not stop: “I’ll say where Smotrich is wrong. I also want Hamas to cease to exist, but the war banner managed here over the last 15 months has not been advancing us toward that goal. The deal saved us from getting stuck in a war of attrition without boundaries and without a clear strategy. I don’t think the strategy managed over the past year and a half could have led us to the downfall of Hamas.”
“Here, we need to adopt a long-term view. The immediate future should be invested in freeing the hostages. At the same time, a long-term plan should be prepared, not just for the next few days, on how to completely dismantle Hamas,” he added. “This is real planning for the conquest of all of Gaza, which doesn’t currently exist.
Mission accomplished?
“With all due respect to Smotrich’s statements, they remain good as slogans. I couldn’t understand how, after four months of intense fighting in the northern Gaza Strip, we reached the goal of dismantling Hamas. The proof was on Sunday when you saw that almost everywhere, people returned to work. Yesterday, Hamas waved one of the major symbols of this statement – the commander of Beit Hanoun, whom we thought we had killed, ended up being still alive.”
When asked about the future, he said: “This is a journey for many years. This is not an event that will end in a few months or even a few years. Therefore, long-term planning is needed, which we did not have on October 7.
“With all due respect to the plans formulated here over the last 15 months, these were not in-depth plans. After we enter the deal, we need to start looking at the future and planning long-term moves. There is no way to continue living with Hamas in the long term, and we believe that this will change the way we thought it would before October 7. I don’t know if this leadership style is fit for this, but I hope that future leaders will learn from these lessons.
end
ISRAEL/LEBANON
IDF seeks US sign-off on continuing war with Hezbollah citing ceasefire violations
To date, the IDF has killed around 50 Hezbollah fighters since the ceasefire, but almost all of those occurred within the first month.
By YONAH JEREMY BOBJANUARY 22, 2025 20:51Updated: JANUARY 22, 2025 22:15
The IDF hopes the government and key Western powers such as the US will support it being able to extend its stay in southern Lebanon beyond the January 27 deadline for about another 30 days to ensure that more Hezbollah weaponry concealed in border villages is destroyed.
Hezbollah has committed several dozen significant violations of the ceasefire deal, the IDF told The Jerusalem Post, adding that they have been minor, being that Hezbollah has not fired into Israel since late November.
It was unclear if the violations would be enough to convince the US and others to allow the IDF to stay in southern Lebanon for a temporarily longer period and whether the whole situation could blow up into a larger war.
Already in late December, about 30 days after the November 27 ceasefire, the IDF said Hezbollah had carried out about 120 very minor ceasefire violations, with a small number of those also involving attempts to move some of its rockets from one location to another and the IDF generally attacking cells involved in this activity.
In the one instance in which Hezbollah fired into Israel during the first week of the ceasefire after the IDF had killed several Hezbollah terrorists, the terrorist group merely fired two mortars into an open area of the Golan Heights.
To date, the IDF has killed about 50 Hezbollah terrorists since the ceasefire. Most of that occurred within the first month, with much less friction between the IDF and Hezbollah during January.
The Biden administration and sources close to the Trump administration have emphasized that the ceasefire with Hezbollah must not collapse. Hezbollah has said it would reignite the war with Israel if the IDF does not withdraw by 60 days after the ceasefire.
France and other international parties also want the IDF out and have accused the military of dozens of its own violations of the ceasefire. Seemingly to try to support its narrative of needing more time to destroy Hezbollah weapons, which it says the Lebanese army has been too slow to eliminate, the IDF on Wednesday said it had found an entirely new stash of concealed weapons near the border.
Pushing to maintain ceasefire
Another difficult issue on Day 60 will be how the IDF handles unarmed civilians returning to their villages if it has not yet withdrawn. During the 60-day ceasefire period, the IDF warned that it would fire on anyone approaching its defense lines on suspicion of being Hezbollah terrorists.
But it will be harder to make this argument after Day 60, especially if there is little outside global support for Israel remaining in southern Lebanon.
Although this has not been publicly discussed, another option would be for Israel to continue to carry out airstrikes periodically against Hezbollah weapons, even if it does withdraw on Day 60.
But if the Lebanese army does not keep Hezbollah out of southern Lebanon, the IDF could consider resuming a larger conflict.
END
ISRAEL/HAMAS
END
ISRAEL //HAMAS
ISRAEL/WEST BANK/HAMAS
(STORY ABOVE)
Army says troops kill two Palestinian gunmen near Jenin
By Emanuel Fabian FollowToday, 11:14 pm
A Palestinian man walks past Israeli army vehicles in a street during a military raid in Jenin, in the West Bank, on January 22, 2025. (AFP)
Troops of the Duvdevan commando unit, Shin Bet agents, and other IDF soldiers killed two Palestinian gunmen in the Wadi Burqin area near the West Bank city of Jenin, a short while ago, a military source says.
The troops had surrounded a building and carried out a tactic known as “pressure cooker,” which involves escalating the volume of fire against a building to flush suspects out.
After exchanges of fire that lasted some four hours, two gunmen were killed. The military is working to verify their identities.
END
ISRAEL WEST BANK /
13 Palestinian gunmen killed since start of Jenin operation, IDF officer says
Israeli troops carrying out a major raid in the Jenin area in the northern West Bank since Tuesday morning have killed 13 Palestinian gunmen, a senior IDF officer in the West Bank division says.
According to the officer, Operation Iron Wall was launched to neutralize the so-called Jenin Battalion, made up of operatives affiliated with terror groups such as Hamas and Palestinian Islamic Jihad.
Previous raids on Jenin in the past year did not specify such a goal, the officer says.
Several special forces units are operating in the Jenin refugee camp, along with Border Police officers and other IDF units. The officer says troops are scanning homes, capturing weapons, and eliminating terror operatives.
Two of the gunmen killed in the operation were eliminated outside the Jenin camp, in the Wadi Burqin area, last night.
The military says the pair were behind a deadly terror shooting attack in the village of al-Funduq earlier this month.
A third suspect was detained in the incident, and the Shin Bet is currently investigating if he was also involved in the al-Funduq shooting, or whether the third gunman from the attack is still at large.
END
ISRAEL /USA/HOUTHIS
US welcomes Houthi release of ship crew seized in Nov 2023, but says it’s insufficient
By Jacob Magid
This photo released by the Houthi Media Center shows Houthi vessels escorting the captured cargo ship Galaxy Leader on Sunday, November 19, 2023. (Houthi Media Center via AP)
The US welcomes the Houthis’ “long-overdue” release of 25 crew members from a ship the Iran-backed rebels seized in November 2023.
However, the State Department says in a statement, “We must not be distracted by this insufficient action by the Houthis.”
US President Donald Trump signed an executive order yesterday directing the State Department to prepare for the redesignation of the Houthis as a Foreign Terrorist Organization.
“Within Yemen, the Houthis continue to round up and detain hundreds of local staff members of the UN, NGOs, and diplomatic missions under abysmal conditions, including dozens of current and former Yemeni staff of the United States government unlawfully held based on false accusations,” the State Department says.
“The Houthis have also stated that they will continue their unlawful attacks in the Red Sea against certain vessels associated with Israel,” it continues. “The Houthis must permanently cease all attacks in the Red Sea and surrounding waterways without exception and immediately release all of the hundreds of detainees.”
The State Department thanks Oman for its efforts in securing the release of the MV Galaxy Leader crew, who hail from Bulgaria, Mexico, the Philippines, Romania, and Ukraine.
END
IRAN/
HOUTHIS /ISRAEL AND THE WEST
RUSSIA/UKRAINE/USA
Trump wants to get rid of the ridiculous Ukraine/Russian war which has cost both sides lots of lives
(zerohedge)
“Settle Now, And STOP This Ridiculous War!”: Trump Threatens Tariffs As Russia Sees ‘Small’ Window For Deal On Ukraine
Thursday, Jan 23, 2025 – 05:45 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.”
The United States has already slapped Russia with heavily sanctions over its invasion of Ukraine in February of 2022.
According to Trump, Ukraine has lost 700,000 soldiers in the war, and Russia nearly a million.
end
the USA sanctions on Russia could hit 1.5 million barrels per day. Also the sanctions are killing Iran
(zerohedge)
US Sanctions Could Hit 1.5 Million Bpd Of Russian Oil Exports
Thursday, Jan 23, 2025 – 03:30 AM
Authored by Tsvetana Paraskova via OilPrice.com,
- The outgoing U.S. Administration on January 10 imposed the most severe sanctions on Russia’s oil yet.
- Many of the vessels transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia have now been sanctioned.
- India’s refiners have stopped doing business with the Russian tankers and companies sanctioned by the U.S., a source at the Indian government told Reuters on Monday.
One week into the latest – and most aggressive yet – U.S. sanctions on Russian oil exports, the Asian buyers of Russian crude are scrambling for alternative supply, the price of oil has rallied, and analyses suggest that more than 1 million barrels per day (bpd) of Moscow’s export volumes could be severely constrained, at least in the short term.
The outgoing U.S. Administration on January 10 imposed the most severe sanctions on Russia’s oil yet, designating two major Russian oil companies, Gazprom Neft and Surgutneftegas, as well as 183 vessels, dozens of oil traders, oilfield service providers, insurance companies, and energy officials.
Many of the vessels, specialized tankers, and shuttle tankers transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia have now been sanctioned. This puts around 1.5 million bpd of Russia’s crude flows from its Pacific and Arctic ports at risk, according to a Bloomberg analysis of the tankers now designated by the U.S.
Most of the flows from the Sakhalin projects require special ice-class tankers—all of these have been sanctioned. The storage tankers and specialized vessels servicing shipments, storage, and loadings at Murmansk are also under sanctions now. The Gazprom Neft fields on the Yamal peninsula will also find it much harder to export crude—the company itself has been sanctioned, as have all its seven ice-class tankers handling shipments at and through the Arctic Gates terminal.
In the Arctic and Russia’s Far East, the crude grades most severely hit by the sanctions are expected to be Sokol, Sakhalin, and ESPO, according to Bloomberg’s analysis.
The least affected shipments are likely to be those of the Urals crude grade from the Baltic and Black Sea, which are mostly going to India.
Only a quarter of Russia’s shipments of Urals since October were carried on now-sanctioned tankers. That’s the smallest share of designated tankers of any Russian crude grade, Bloomberg’s analysis showed.
The sanctions are already roiling the market. India and China are racing to procure alternative supply while studying the wider implications of the U.S. sanctions on Russian oil deliveries six months from now.
The sanctions caught a few million barrels of crude oil en route to India in a precarious situation. There is a wind-down period until February 27 for parties to complete dealings with now-sanctioned entities and vessels. Indian state-held refiners are targeting to settle the payments for Russian oil in half the time they have taken so far, as part of efforts to complete the deals before the seven-week wind-down period in the latest U.S. sanctions ends.
India’s refiners have stopped doing business with the Russian tankers and companies sanctioned by the U.S., a source at the Indian government told Reuters on Monday.
India doesn’t expect major disruptions during the wind-down period until March.
But “Going forward, it’s early days yet to anticipate the impact, how discounts shape up, if somebody is willing to sell below the $60 price cap,” a source with the Indian government told Reuters earlier this week.
Indian officials and refiners held emergency meetings to discuss the implications of the sanctions on the exports of its single largest crude oil supplier. China’s independent refiners have also held emergency meetings to discuss the fallout and a workaround for the sanctions, sources tell Bloomberg.
Fleet capacity to service Russian exports is expected to tighten significantly, according to Mary Melton, a freight analyst at Vortexa.
So far, U.S. sanctions on individual vessels have been very effective in limiting further employment in Russian trade, Melton said this week.
According to Vortexa, the most likely scenario for Russian crude exports going forward is that they will most likely face serious logistical difficulty due to the lack of available tonnage.
“In order to keep export volumes at the same level, Russia will be forced to sell crude below the price cap. At that point, Western vessel operators would be able to get involved to lift Russian crude,” Vortexa’s Melton noted.
However, greater adherence to the Russian price cap will depend on China’s stance on allowing sanctioned vessels to call in its ports, Vortexa reckons.
end
RUSSIA/USA/PANAMA CANAL
this is interesting! Russia is warning Trump not to take control of the Panama Canal. The Canal is in the USA sphere of influence. So why is Russia warning
(zerohedge)
Russian Official Warns Trump Against Taking Control Of Panama Canal
Thursday, Jan 23, 2025 – 05:45 AM
A top Russian official on Tuesday warned the Trump administration against taking over the Panama Canal after the president stated in his inaugural address that he intended to regain control of the strategic waterway.
Since the election, President Donald Trump has mentioned on several occasions that the United States should reassert control over the canal, which was built by Americans and controlled by the U.S. government until the Carter administration. Panama’s president has said that his government will not give up control of the canal.
As Jack Phillips reports for The Epoch Times, Trump’s comments prompted a response from Alexander Shchetinin, head of the Latin American department at the Russian Ministry of Foreign Affairs, who said that Moscow expects the leadership of Panama and the Trump administration to respect the “current international legal regime of this key waterway” during any discussions about control of the Panama Canal, according to a translation of comments reported by Russia’s state-run news agency TASS.
“Russia has been a party to the protocol since 1988 and reaffirms its obligations to respect the permanent neutrality of the Panama Canal, advocating for keeping this international transit waterway safe and open,” Shchetinin said, adding that the canal legally belongs to Panama.
The Panama Canal links the Pacific Ocean and the Caribbean Sea and is considered one of the most important trade routes in the world. About 40 percent of U.S. container ships pass through the waterway, according to the Center for Strategic and International Studies.
The U.S. government built the canal in the early part of the 20th century, starting under the administration of President Theodore Roosevelt, after it took over construction in 1904. Under President Jimmy Carter, negotiations started on handing over the waterway to the Panamanian government by the end of the 20th century.
Trump has said that Chinese entities are operating the canal, which he said is unacceptable. In his inauguration speech at the U.S. Capitol on Monday, Trump again spoke about the canal.
“American ships are being severely overcharged … and above all, China is operating the Panama Canal, and we didn’t give it to China, we gave it to Panama, and we’re taking it back,” he said.
Responding to Trump’s earlier comments, Panamanian President Jose Raul Mulino, in a video released on social media in December 2024, rejected arguments that the United States could reassert control over the canal.
“As president, I want to clearly state that every square meter of the Panama Canal and its adjoining zone is Panama’s and will remain so,” Mulino said at the time. “The sovereignty and independence of our country is non-negotiable.”
Trump has also suggested that the United States could take control over Greenland, the world’s largest island located in the North Atlantic that is currently part of Denmark’s territory.
Speaking to reporters on Monday as he signed executive orders in the White House, the president said he believes Denmark will “come along” on the possible sale of Greenland to the United States.
“Greenland is a wonderful place. We need fair, international security, and I am sure that Denmark will come along, I think. It’s costing them a lot of money to maintain it, to keep it,” he said.
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
GLOBAL ISSUES//
MARK CRISPIN MILLER
DR PAUL ALEXANDER
Did POTUS Trump advance mRNA vaccine today for cancer? With AI? Stargate, $500B AI? if this is so, now I understand why SILENCE was demanded; then it is clear, they have zero interest in fixing
the wrong of COVID & the deadly mRNA transfection vaccine & they are bringing more mRNA as ‘new & improved’; this is devastating & POTUS Trump is 100% wrong, there must only be full removal of
| Dr. Paul AlexanderJan 22 |
mRNA shots from US soil, all. That is it. Any study of the Malone Bourla Bancel Kariko et al. mRNA shots for cancer or whatever must occur ONLY once there is full removal first. Stoppage! You CANNOT keep the deadly Sahin Bourla Bancel Weissman Malone et al. mRNA transfection vaccines on market killing American people WHILE you study it. That in itself is INSANE. Complete hard stop of the mRNA vaccines today. CRISPR, siRNA, self-replicating RNA vaccines, self-spreading RNA vaccines, CAS9 etc.
If they want to look at this for cancer which I think is a pure joke and more fraud on the American people and the world and just pure grift and graft and MONEY MAKING, then do that in the lab and spend the decades needed as usual to EXCLUDE harms, to ensure whatever it is, is underpinned by sound high-quality trustworthy research, clinical trials etc. FIRST, long durations of follow-up to detect rare adverse events, proper sample sizes, proper patient-important outcomes like death, severe outcomes, hospitalization etc. and not serological markers e.g. antibody titers that is not indicative of immunity etc., no stoppage for benefit, no/limited conflict of interest, no selective outcome reporting, no heavy data loss/attrition, balanced data loss across groups…hell these people need to go away and spend the decades doing the proper research (randomized placebo controlled double/triple blinded studies, not active comparators etc.), involving ethical debate, involving God too, asking the nation IF they want it, defining IF something is indeed NECESSARY, doing the proper comparative effectiveness research, proper cost-benefit analysis, cost-effectiveness analysis etc.
Now I understand why certain people were NOMINATED…for the health agencies…thin in expertise and competence and actually played both sides across COVID…and stood for deadly aspects of COVID…their job is to sell this crap, this fraud, this money making fraud, deadly fraud to you…and for all involved to make money…and why they WERE silent and still are…across the election campaign…it is a concocted scheme devised at the highest levels to damage us…this can only make money for these people and damage society…the same mRNA vaccine is causing the cancer for it can only be done via lipid nano particle exosome extracellular vehicle type delivery system and this in itself, besides the synthetic mRNA, is very harmful, toxic, deadly. Inflammatory. This cannot change. This is MADNESS!
It is now mRNA, cancer, AI, making money as the new buzzwords, this is the NEW government, this is what it is and was really all about and crypto…fake scheme money…making them rich as others become poor…for there is always a loser.
This is madness what Ellison is saying, he does not even understand this crap at 11:30…these morons want to make mRNA personalized on the spot for you! They have gone MONEY MAD.
This now for Trump world, is PURELY about MONEY MONEY MONEY $$$$ using mRNA gene-technology therapy vaccinations, for cancer and all other diseases; these MADMEN seek to transition all vaccines, all drugs, all, to personalized mRNA vaccines for you…
Where are you Bobby Jr.?
This mRNA vaccine for cancer, Stargate, $500B AI initiative with OpenAI, Oracle & Softbank…this is money making MADNESS!
We call on POTUS Trump to call for an immediate stop of all mRNA technology work and mRNA vaccines. Stop this in sanity of AI and mRNA for cancer, stop it POTUS Trump, you will be part of harming people. You clearly DO NOT understand what is being said or what you are saying and brining these people on the podium to push this also makes you part of this.
mRNA technology and vaccine as we know it has failed! It has failed! Must be started over and the necessary 5 years of research done before we even look at this again! Malone et al. lied! The OWS lockdowns, the school closures, the Malone Bourla et al. mRNA vaccine was the biggest hoax, lie, fraud in human history. Devastating.
Everything about COVID was a lie, flat wrong, and NOTHING worked, NOTHING. And really the lockdown lunatic policies and Malone Weissman Bourla et al. mRNA vaccine was to NOTHING. We were facing NOTHING, and I argue it likely was a toxin, poison, chemical provoking ILI respiratory, ARDS pulmonary hyper-inflammatory response. We created a pandemic of fear and hysteria out of NOTHING. And had we done NOTHING, mostly all who died would be alive today for it is the abusive, catastrophic treatment of our parents, grand-parents, elderly etc. by our medical doctors, our hospitals, public health agencies who advocated this etc. that killed them. We killed our elderly by the medical management of abuse, isolation, sedation with paralytics like midazolam, propofol, lorazepam, morphine etc., denial of need antibiotics for bacterial pneumonia, dislocation, fear, DNR orders, imposed dehydration, denial or treatments, malnourishment, deadly liver and kidney toxic Remdesivir, and ventilator. This COVID ‘death’ protocol killed our precious elderly, most persons who died in COVID.
END
STARGATE, mRNA technology transfection LNP platform vaccines, AI, cancer…this quartet will devastate America is powers at be get their way now; these are power-drunk INSANE $$$ MADMEN; they seek $$$
not our well-being, they will harm many with an already proven unsafe and ineffective mRNA platform…I never thought I would say that we are being MISDIRECTED with all the EOs, some ‘good’ things…
| Dr. Paul AlexanderJan 23 |
but that STARGATE AI mRNA podium speech was devastating…I do not think you understand what happened yesterday…we were sold down the river by BIG money men!
Where are you Bobby Jr.? We need you now!
SLAY NEWS
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| Supreme Court Green Lights Lawsuits Against Fossil Fuel Industry Seeking Billions in Damages for ‘Climate Change’The U.S. Supreme Court has given the green light for multiple lawsuits to move forward against the fossil fuel industry for allegedly causing “climate change.”READ MORE |
| Female Olympian Who ‘Used to Hate Trump’ Changes Tune: Democrats ‘Throw Women Under the Bus’Former U.S. Olympic cyclist Inga Thompson admits that she “used to hate” President Donald Trump but says she has now completely changed her opinion after realizing that “he’s going to protect women.”READ MORE |
| Liz Cheney Blasts Trump as a ‘Liar’ for Accusing ‘Guilty as Hell’ Pelosi of Orchestrating Jan 6Former Rep. Liz Cheney (R-WY) has accused President Donald Trump of lying about Jan. 6 during his speech at the Capitol’s rotunda.READ MORE |
| Trump Terminates John Bolton’s Secret Service Detail After Stripping His Security ClearancePresident Donald Trump has ordered the termination of John Bolton’s Secret Service detail after stripping the disgraced former national security adviser of his security clearance.READ MORE |
| ‘Silk Road’ Creator Ross Ulbricht Released from Prison After Trump PardonRoss Ulbricht, the creator of the dark web marketplace “Silk Road,” has been released from prison after receiving a full and unconditional pardon from President Donald Trump.READ MORE |
| ‘The View’ Co-Host Sunny Hostin: Trump Is a ‘DEI Hire’Co-host Sunny Hostin called President Donald Trump a “DEI hire” during Monday’s broadcast of ABC propaganda show “The View.”READ MORE |
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| Legal Expert Throws Cold Water over Biden’s Preemptive Pardons, Warns They Don’t Offer Full ProtectionA top legal expert has just delivered some devasting news to those who thought they had escaped justice after being issued preemptive pardons from former President Joe Biden in the dying moments of his presidency.READ MORE |
| Ex-Obama Advisor David Axelrod Admits It’s ‘Refreshing’ to See Trump Doing a Press ConferenceCNN’s David Axelrod has admitted that it was “refreshing” to President Donald Trump holding a press conference after four years of near-silence from Joe Biden.READ MORE |
NEWS ADDICTS
| LATEST NEWS |
| Trump issues full and unconditional pardon to Ross UlbrichtOn Tuesday evening, President Donald Trump issued a full and unconditional pardon for Ross Ulbricht, the founder of the online marketplace Silk Road. Ulbricht, who was convicted in 2015, had been serving a life sentence without parole for his role in creating and operating the platform, which became a hub for online drug transactions amounting to over $200 million, primarily …READ MORE |
| Judge blocks release of Jack Smith classified docs report to CongressOn Tuesday, Judge Eileen Cannon ruled against the Department of Justice (DOJ), blocking it from sharing Special Counsel Jack Smith’s classified documents report with Congress. The decision came after a hearing where Cannon expressed skepticism about Attorney General Merrick Garland’s plan to submit the report before the conclusion of Donald Trump’s criminal proceedings. During the Friday hearing, Cannon repeatedly questioned …READ MORE |
| Democrat State Attorney Generals sue to stop Trump’s executive order on birthright citizenshipIn one of his first actions as the 47th President of the United States, Donald Trump declared a national border emergency and signed an executive order aimed at ending birthright citizenship. The move has reignited heated debates over immigration policy and constitutional interpretation, with immediate legal challenges from Democratic leaders. President Trump’s executive order asserts that the 14th Amendment has …READ MORE |
| Woke Bishop makes ‘plea’ to Trump to ‘have mercy’ on LGBTQ, illegal immigrants ‘who are scared now’At the National Prayer Service held at the National Cathedral in Washington, D.C., in honor of President Donald Trump, Episcopal Bishop Mariann Edgar Budde delivered a sermon that called for compassion and unity amidst the divisive political landscape. Her remarks, while framed as a spiritual plea, resonated as a critique of the new administration’s early policies, sparking mixed reactions from …READ MORE |
| Far-left Bluesky users meltdown over Trump’s J6ers pardons — ‘We are all in terrible danger’Users of the social media platform Bluesky expressed outrage following President Donald Trump’s decision to pardon and commute the sentences of individuals involved in the January 6, 2021, Capitol protests. The announcement, made Monday evening shortly after Trump’s return to the Oval Office, sparked heated discussions and emotional responses across the platform. President Trump confirmed the pardon of approximately 1,500 …READ MORE |
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| LATEST REPORTS FOR NEWS JUNKIESThe Forgotten: Green Beret Master Sergeant Among J6ers Not Eligible Under Trump’s PardonsOn Monday morning, retired Green Beret Master Sergeant Jeremy Brown issued a hopeful statement before President Donald Trump’s inauguration. MSgt Brown broke his silence after 7 years to say that Trump’s inauguration was “the 6th most important day” of his life, only because he has “five amazing daughters.”He said he hadn’t felt this much anticipation, uncertainty and suspense since he …READ THE FULL REPORTTrump-Vance Team Releases Pictures, Details About Trump Oval Office 2.0President Donald Trump and Vice President J.D. Vance’s team released pictures and details about the changes to the newly redecorated Oval Office for Trump’s second administration.In the Wall Street Journal piece published on Monday, one picture showed that Trump’s Oval Office 2.0 included a fresh Andrew Jackson painting which hails from the White House art collection, along with a portrait …READ THE FULL REPORT“The system is being GAMED!” – Greg Gutfeld TORCHES Jessica Tarlov on birthright citizenshipGreg Gutfeld torched Democrat Jessica Tarlov tonight on The Five on the issue of birthright citizenship. Tarlov brought up people being here on either student or H1B visas to try and suggest President Trump is wrong for ending the unconstitutional policy. But Gutfeld hit back, telling Tarlov “You’re always going to choose this weird exception – the fact is that …READ THE FULL REPORTSoros-Backed District Attorney Exploring State Charges Against January 6ers Pardoned by TrumpSoros-backed Philly District Attorney Larry Krasner is exploring state charges against January 6ers pardoned by President Trump.Trump pardoned more 1,500 January 6 defendants as one of his first acts as US President on Monday.However, as expected, a Democrat DA is now trying to bring state charges to pardoned January 6ers.Larry Krasner is seeking state charges against pardoned January 6 defendants …READ THE FULL REPORTWoke Female Bishop Ruins National Prayer Service with Attack on TrumpTrump is still finishing up a busy schedule of functions and events on his second day as the 47th president of the United States.Part of those duties involved the inaugural prayer service at the National Cathedral, which was attended by Trump, Vice President J.D. Vance, their respective families, and a host of dignitaries.Too bad there wasn’t much dignified about the …READ THE FULL REPORT |
EVOL NEWS
———- Forwarded message ———
From: News Addicts <mail@newsaddicts.com>
Date: Thu, Jan 23, 2025 at 09:15
Subject: 
Trump Sends Troops to Southern Border
To: Milan Sabioncello <sabioncello@gmail.com>
| LATEST REPORTS FOR NEWS JUNKIESTrump Sends Troops to Southern BorderJust two days into his new term, President Donald Trump has quickly implemented his border security promises. After swiftly signing executive orders to curb illegal immigration, the administration is now enforcing security measures at the southern border.U.S. officials confirmed Wednesday the Pentagon is moving forward with plans to send up to 1,500 active-duty troops to the southern border. Acting Defense …READ THE FULL REPORTWatch: Trump Blasts Reporter to His Face: America Tired of ‘Horrible People’ Like YouPresident Donald Trump slammed a reporter during a press conference on Tuesday for repeatedly interrupting him, saying that the country was tired of “horrible people” like him.Trump was asked about some of the people that his administration pardoned who were involved in the January 6 riot in 2021.The reporter tried to pit Trump against Vice President JD Vance by asking …READ THE FULL REPORTLaken Riley Act strongly passes House, heads to Trump’s desk…The Laken Riley Act, which would require ICE to arrest and detain illegal immigrants that have committed theft, burglary or shoplifting until they are deported, has just passed the House for a second time and now will head to President Trump’s desk to be signed. The bill passed the House with bipartisan support, getting 263 votes for passage. The Laken …READ THE FULL REPORTTrump Picks Agent Who Protected Him from Would-Be Assassin to Lead Secret ServicePresident Donald Trump formally nominated Sean Curran, the head of his personal Secret Service security detail, to serve as director of the U.S. Secret Service Wednesday.Curran, one of several quick-thinking agents who rushed on stage to protect Trump during a July 13 assassination attempt, was already expected to be named to the position. In a Truth Social post Wednesday, Trump …READ THE FULL REPORT‘Be a Good Democrat’… or Else: NYC Mayor Reveals Biden Admin Tried to Silence Him Over Influx of IllegalsEmbattled New York City Mayor Eric Adams said that the Democratic Party “left” him and the working class behind, during an interview with former Fox News host Tucker Carlson that aired on Tuesday.“People often say, ‘You don’t sound like a Democrat. You seem to have left the party,’” Adams told Carlson.“No, the party left me, and it left working-class people.”Throughout …READ THE FULL REPORT |
| The Forgotten: Green Beret Master Sergeant Among J6ers Not Eligible Under Trump’s Pardons – EVOLREAD MORE… |
| LATEST NEWS: |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
“Get Over It” – Dimon Backs Trump Tariffs As “Good For National Security”
Thursday, Jan 23, 2025 – 08:11 AM
Authored by Michael Every via Rabobank,
Get over it, but you can’t get past it
Jamie Dimon of JP Morgan Chase –in Davos(!)– yesterday stated US tariffs are an economic tool or an economic weapon and, “I would put in perspective: If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it.”
Exactly so. Our ‘grand macro strategy’ report on economic statecraft published after President Trump won re-election stressed that for political realists, not economic idealists, tariffs are always about national security, raising national savings and key related investments, and foreign policy goals; and both Trump’s and US history said we would be seeing a lot more of them.
As Bloomberg puts it, the current state of play is that Trump could potentially introduce sweeping changes to US and global trade policy, giving him a “loaded weapon” –of tariffs T+1– as leverage for national security goals and new capital investment into the US. Or foreign policy goals.
Indeed, following the threat of a 1 February imposition of 25% tariffs on Mexico and Canada, and an additional 10% on China, all for national security reasons, President Trump has stated if Russian President Putin doesn’t accept a peace deal to end the Ukraine War, the US will impose tough sanctions, taxes, and tariffs on Russia’s energy sector which, by implication, might even extend to those buying from Russia or working with it: that could cover the EU (which, ridiculously from a statecraft perspective, still relies on Russian LNG); India; and China.
Our back of an envelope projection is that cutting off Russian LNG from Europe could raise TTF gas prices to €70-80/MWh.
Few in Europe would be saying, “Get over it,” and Europe’s key problem is that it can’t get over its structural geostrategic weakness. Cutting off Russian oil would see prices temporarily spike to $90-95 a barrel before OPEC picked up production to normalise things.
Yet as the economic statecraft report also stressed, in realpolitik things aren’t static.
If President Trump escalates to economic warfare to force President Putin to end physical warfare, Russia (and China, if its third-party neutral trading rights –also detailed in the report– are penalised) can respond with their own economic statecraft, or the other two legs of grand strategy alongside it: political and military statecraft, to up the ante. That’s as the Financial Times says China is shipping sodium perchlorate to Iran to fuel ballistic missiles, which will see some in the US go ballistic; and a report claims two undersea cables connecting Taiwan to its outlying island of Matsu were mysteriously cut yesterday – something that seems to be happening a lot recently, and only on one side of the geopolitical fault-line.
For markets, given Trump and Putin both famously like to escalate to deescalate, and others can easily be dragged into this vortex, volatility remains the watchword.
That’s hard going to get past even if you get over the shock of tariffs being accepted by Jamie Dimon.
Indeed, as politics moves at dizzying speed within the US, prompting the Wall Street Journal to note that ‘CEOs Launch War Rooms, Hotlines to Cope With Trump’s Order Blitz’, in geopolitics, the same is true – just with real War Rooms.
- Bloomberg reports that, ‘One by One, World Leaders in Davos Fall in Line in Trump Era’, though I can think of a few who don’t and won’t.
- President Zelenskyy says even if a Ukraine peace deal is signed, it would require 200,00 EU troops in the country to prove sustainable. That’s almost the entire French armed forces. If true, somebody in Europe is going to be spending a vast amount on defence in the next few years. After all, ‘Freedom isn’t free’ – or just free trade.
- Saudi Arabia’s MBS reportedly offered the US at least $600bn in new trade and investments over the next four years. Some may say Saudi doesn’t have that kind of cash with oil prices at current levels, let alone the lower ones Trump wants to see… then again, neither does the Big Tech group behind the $500bn AI ‘Project Stargate’ announced yesterday, says Elon Musk.
- The US relisted Yemen’s Houthis as a terrorist organisation, ironically as the latter allows all but Israeli ships to transit Suez again while the current Middle East ceasefire holds – which many there expect is unlikely to last that long.
- Argentina’s President Milei is prepared to quit the Mercosur trade bloc to get a US FTA. Europe only just introduced an FTA with Mercosur is already losing out.
- The UK press argues PM Starmer must “fight hard and fast to define Britain’s destiny” and needs “a coherent strategic purpose.” So, grand strategy –where the key choice is does the UK go with the US or the EU?– not a piecemeal technocratic Grand Starmer-gy.
- France’s trade minister suggested the EU should try to diversify trade to Latin America (more than the FTA with Mercosur minus Argentina?) and ASEAN (which mainly consists of net exporters whom the US can provide security guarantees to which the EU cannot).
- The Pentagon is sending troops to the US-Mexico border to boost security and airlift out migrants, as Mexico reportedly sets up a tent city to prepare for mass deportations from the US.
- Secretary of State Rubio’s first official visit will be to the Panama Canal, a break from the precedent of going to key allies first. He also attacked China for its actions vis-à-vis the Philippines and promised the latter an “iron clad” US defence as well as expanded security and economic ties.
Day ahead
Today has the ECB’s Escriva, Canadian retail sales, and US weekly jobless claims, then Eurozone consumer confidence.
end
7.OIL AND NATURAL GAS ISSUES/GLOBAL
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
Canada
TO ALL MY FELLOW CANADIANS:
PLEASE READ!
Canada Can’t Afford To Play Trade Chicken With The US
Thursday, Jan 23, 2025 – 01:00 PM
Authored by Marco Navarro-Génie via The Epoch Times,
Calls for Canada to respond aggressively to U.S. trade threats ignore the economic realities of such a move. Consider Quebec and Alberta energy. The stakes for Alberta and Quebec in this morbidly anticipated trade-war gamble are profoundly asymmetric, with Alberta standing to lose far more in absolute terms and per capita. The arguments to engage in such conflict are reckless and fail to recognize the magnitude of our economic integration with the United States.
Canada and the United States share one of the world’s most extensive and intertwined trading relationships. In 2022, bilateral trade in goods and services exceeded $900 billion annually. Canada exported 75 percent of its goods to the United States. Beyond trade, bilateral investment is immense, with over $1 trillion in two-way direct investment (All amounts in Canadian dollars).
A trade war would jeopardize trade and these capital flows, which are critical for businesses and public finances. Retaliatory tariffs or export restrictions would destabilize relationships and harm key industries across Canada. During the 2018 NAFTA renegotiations, even the spectre of a trade breakdown cost Canadian industries millions in lost revenue and opportunities. A full-blown trade war would magnify these damages exponentially.
Alberta’s oil and gas sector is the backbone of its economy and a vital contributor to Canada’s prosperity. In 2023, Alberta exported $127 billion worth of oil and gas to the United States, representing 82 percent of its energy exports. This sector accounts for 27 percent of Alberta’s GDP and contributes approximately $28,863 per capita to the provincial economy.
Halting these exports would be harmful to a weakened economy. Alberta’s energy industry supports tens of thousands of jobs and generates substantial government revenues that fund social programs and infrastructure. Alberta is also a net contributor to federal equalization payments, providing billions annually to support less prosperous provinces, including Quebec.
The suggestion that Alberta should stop exporting oil and gas to “do its part” for Canada is economically nonsensical. Unlike Quebec’s electricity sector, Alberta’s energy industry has no immediate alternative markets to replace U.S. demand. Shutting off the tap to America would devastate Alberta and weaken Canada.
In contrast, Quebec’s hydroelectric sector, though significant, plays a smaller role in its economy than oil and gas do in Alberta. In 2022, Hydro-Québec exported $3 billion worth of electricity to the U.S., representing about 12 percent of its total electricity production and 2.9 percent of its GDP. With a population of 8.6 million, these exports amount to $349 per capita.
While losing U.S. electricity exports would hurt Quebec, the economic impact would be far less severe than Alberta’s potential losses. Quebec’s export economy is more diversified, with industries like aerospace, aluminum, pharmaceuticals, and technology providing alternative revenue streams.
The notion that Alberta and Quebec will equally shoulder the burden of a trade war by withholding energy sales to the United States is deeply flawed. Alberta’s reliance on the U.S. market is far greater, and its potential losses are higher. This is partly because Quebec objected to Energy East, the proposed pipeline to carry Alberta energy to Atlantic waters. Halting oil and gas exports would cost Alberta almost 10 times more per capita than it would cost Quebec.
This asymmetry highlights the uneven stakes in any trade conflict. Asking Alberta to sacrifice its economy while Quebec faces minor losses is unfair, economically irrational, and deeply corrosive to national unity. Undermining Alberta’s economy would have repercussions far beyond the province’s borders.
Far from being “anti-Canadian,” as suggested by people with a political agenda to hurt Alberta, Alberta’s reluctance to dismantle its energy sector is a defence of Canada’s broader economic interests. The province’s contributions to federal revenues and equalization payments help sustain national programs that benefit all Canadians. Conversely, Quebec’s relative insulation from the harmful consequences of a trade war explains its more relaxed stance.
For Quebec, halting exports would be akin to a paper cut whereas for Alberta, it would be a lethal wound.
Canada’s strength lies in its economic diversity and regional contributions. Alberta’s oil and gas sector, Quebec’s hydroelectric industry, Atlantic fisheries, and Ontario’s manufacturing base are all critical to the country’s prosperity.
A trade war would disrupt this relationship and risk Canada’s position as a stable and reliable trading partner. Premier Danielle Smith alone has offered a mature and reasonable approach.
The idea of a trade war with the United States is reckless when Canada’s government is in stasis and already mired in the economic problems it created.
Rather than pitting provinces against one another, Ottawa (and the premiers spoiling for a fight) should focus on preserving a proven key to our prosperity: strengthening its relationship with the United States.
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS THURSDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0402 DOWN 5 BASIS PTS
USA/ YEN 156.47 UP 0.042 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 1.2305 DOWN .0008 OR 8 PTS
USA/CAN DOLLAR: 1.4407 UP 0.0012 (CDN DOLLAR DOWN 12 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 16.54 PTS OR 0.51%
Hang Seng CLOSED DOWN 78.21 PTS OR 0.40%
AUSTRALIA CLOSED DOWN .59%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 78.21 PTS OR 0.40%
/SHANGHAI CLOSED UP 16.54 PTS OR 0.51%
AUSTRALIA BOURSE CLOSED DOWN .59%
(Nikkei (Japan) CLOSED UP 312.62 PTS OR 0.74%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2743.40
silver:$30.33
USA dollar index early THURSDAY morning: 108.17 UP 20 BASIS POINTS FROM WEDNESDAY’s CLOSE.
THURDAY MORNING NUMBERS ENDS
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And now your closing THURDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.970% UP 7 in basis point(s) yield
JAPANESE BOND YIELD: +1.209% UP 1 AND 7/ 10 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.182 UP 6 in basis points yield
ITALIAN 10 YR BOND YIELD 3.652 UP 8 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.5208 UP 4 BASIS PTS
IMPORTANT CURRENCY CLOSES : THURSDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0417 UP .0009 OR 9 basis points
USA/Japan: 155.86 DOWN 0.562 OR YEN IS UP 56 BASIS PTS//
Great Britain 10 YR RATE 4.6355 DOWN 6 BASIS POINTS //
Canadian dollar UP .0018 OR 18 BASIS pts to 1.4377
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The USA/Yuan, CNY ON SHORE CLOSED DOWN 7.2875 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.2920)
TURKISH LIRA: 35.65 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.209
Your closing 10 yr US bond yield UP 5 in basis points from THURSDAY at 4.648% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.868 UP 5 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.300 UP 2 BASIS PTS.
GOLD AT 11;00 AM 2744,60
SILVER AT 11;00: 30.21
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: THURSDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 20.07 pts or 0.23%
German Dax : UP 157.26 pts or 0.74%
Paris CAC CLOSED UP 55.21 pts or 0.70%
Spain IBEX CLOSED UP 108.80 PTS OR 0.92%
Italian MIB: CLOSED UP 258.77 PTS OR 0.72%
WTI Oil price 75.36 11 EST/
Brent Oil: 79.13 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 99.36 ROUBLE DOWN 0 AND 11/100
GERMAN 10 YR BOND YIELD; +2.5208 UP 4 BASIS PTS.
UK 10 YR YIELD: 4.6975 UP 4 BASIS POINTS
CDN 10 YEAR RATE: 3.360 UP 5 BASIS PTS.
CDN 5 YEAR RATE: 3.060 UP 6 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0417 UP 0.0009 OR 9 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2354 UP 0.0041 OR 41 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.6355 UP 1 BASIS PTS//
JAPAN 10 YR YIELD: 1.205
USA dollar vs Japanese Yen: 155.86 DOWN 0.562 OR 56 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4377 DOWN .0018 BASIS PTS CDN DOLLAR UP 18 BASIS PTS
West Texas intermediate oil: 74,27
Brent OIL: 77.86
USA 10 yr bond yield UP 4 BASIS pts to 4.641
USA 30 yr bond yield UP 5 BASIS PTS to 4.869%
USA 2 YR BOND: DOWN 1 PTS AT 4.285
CDN 10 YR RATE 3.348 UP 2 BASIS PTS
CDN 5 YEAR RATE: 3.050 UP 1 BASIS PTS
USA dollar index: 107.91 DOWN 5 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.63 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 99.88 DOWN 0 AND 63/100 roubles
GOLD 2,752.60 (3:30 PM)
SILVER: 30.46 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 408.53 PTS OR 0.93%
NASDAQ 100 UP 42.75 PTS OR 0.20%
VOLATILITY INDEX: 14.92 UP 0.18 PTS OR 1.19%
GLD: $ 254.07 OR DOWN 0.36 PTS OR 0.14%
SLV/ $27.77 PTS OR DOWN 0.24 OR 1.00%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 89.46 PTS OR 0.35%
end
TRADING today ZEROHEDGE/HEADLINES
Trump Tanks Crude But Bitcoin Blasts Off, Stargate Surge Stalls
USA DATA
initial jobless claims jump to one month highs
(zerohedge)
Initial Jobless Claims Jump To One-Month High
Thursday, Jan 23, 2025 – 08:36 AM
After exploding to its highest since Jan 2022, unadjusted jobless claims crashed lower last week while ‘seasonally-adjusted’ initial jobless claims rose to 223k (its highest since the first week of December)…
Source: Bloomberg
Continuing jobless claims jumped higher to 1.899 million Americans, just shy of its highest since Nov 2021…
Source: Bloomberg
Certainly nothing new here and nothing that warrants a rate-cut next week.
III USA ECONOMIC NEWS
the fun begins; NBC ABC and CBS in hot sea after the new Federal Communications head, Brendan Carr re instates three complaints against these major outlets
(zerohedge)
ABC, NBC, CBS Back In Hot-Seat After New FCC Chair Reinstates Complaints
Wednesday, Jan 22, 2025 – 03:05 PM
The new chairman of the Federal Communications Commission (FCC), Brendan Carr (R), will overturn an 11th hour decision by the outgoing Democrat chair – and will reinstate three complaints against major media outlets related to bias in the 2024 US election.
Last week, outgoing Chair Jessica Rosenworcel (D) tossed four pending petitions against ABC, NBC, CBS, and FOX News – which she said sought “to curtail freedom of the press.”
And by ‘freedom of the press,’ Rosenworcel meant the freedom to deceptively edit a Kamala Harris ’60 Minutes’ interview to make her appear fit for office, freedom to help Harris in her debate against Trump, and freedom to prop Harris up with a (not funny) appearance on ‘Saturday Night Live.’
According to the report, Carr will reinstate the claims against ABC, NBC and CBS – filed by the Center of American Rights – but not the one against Fox, which sought to block Fox Corp’s local Philadelphia division’s renewal of their license over claims of 2020 election fraud.
A source told Newsmax that Carr will put the ABC, NBC, and CBS cases back into pending or active status. The move means the complaints against the three networks can be adjudicated on their merits.
The source added that Rosenworcel could have prevented the FCC from reversing course had she acted a few weeks earlier. That could have prevented Carr from overturning his predecessor’s decision. –Newsmax
In other FCC news, Carr is ready to rock on Trump’s executive order ki9lling diversity, equity and inclusion (DEI) in the federal government.
In a post on X, Carr said he’s “ending the FCC’s promotion of DEI and will focus our work on competently carrying out the FCC’s statutory mission,” adding that the agency will no longer promote DEI in their strategic plans.
x.com/BrendanCarrFCC/status/1881744572772135096
Yesterday, President Trump issued an Executive Order to end the government’s promotion of DEI. Today, as Chairman of the FCC, I am ending the FCC’s promotion of DEI and will focus our work on competently carrying out the FCC’s statutory mission.
What actions did FCC take?
How do agencies adapt policies
In a statement released by the FEC, Carr explained that “Promoting invidious forms of discrimination runs contrary to the Communications Act and deprives Americans of their rights to fair and equal treatment under the law.
“It also represents a wasteful expenditure of taxpayer resources. Nonetheless, the FCC joined other private and public sector institutions in promoting discriminatory DEI policies during the Biden administration. The FCC did so by embedding DEI in its strategic priorities, budget requests, advisory groups, rulemaking proceedings and many other components of its official work.”
END
USA ends LNG export pauses
(EpochTimes)
Energy Department Ends LNG Export Pause Following Trump Order
Wednesday, Jan 22, 2025 – 02:40 PM
Authored by Naveen Athrappully via The Epoch Times,
The U.S. Department of Energy (DOE) revoked on Jan. 21 a Biden-era regulation that restricted LNG exports, paving the way for capacity additions in the sector and strengthening America’s energy industry.
In January 2024, the federal government temporarily paused the approval of LNG exports to nations without a Free Trade Agreement with the United States. At the time, the administration cited issues such as the impact of LNG exports on greenhouse gas emissions and rising energy costs for Americans as reasons for the pause.
The DOE announced that effective Tuesday, it is ending the pause as part of restoring the “Trump energy dominance agenda.”
With the reversal in policy, the Office of Fossil Energy and Carbon Management has been directed to resume the consideration of pending export applications. The agency’s decision follows the direction laid out by President Donald Trump in his “Unleashing American Energy” executive order signed on his first day in office.
The Biden administration’s moratorium on exports had negatively impacted several American LNG projects, including those in Texas and Louisiana. These projects are now in a better position to move forward, potentially adding another 100 million tonnes per annum (MTPA) to U.S. export capacity.
The United States is already the world’s largest LNG exporter and shipped 88.3 million tonnes of superchilled gas in 2024. This year alone, three new plants should add nearly 50 MTPA to U.S. capacity.
Before the Biden administration halted new permit approvals, the government had already given the green light to projects that would increase U.S. LNG capacity to 200 MPTA from around 90 MTPA. Those projects were not affected by the moratorium.
New permits issued by the new government would likely increase export capacity from 2030 onward because it takes several years to build LNG plants.
LNG is used residentially for cooking, heating, and generating electricity. Commercially, it is used for manufacturing paints and fertilizers.
In July 2024, a federal judge issued a preliminary injunction that halted the LNG pause after 16 states, led by Louisiana, brought a lawsuit against the policy. The complaint argued that the DOE violated federal laws by taking such action.
Judge James Cain Jr. from the U.S. District Court for the Western District of Louisiana, who issued the injunction, observed that in Louisiana, the LNG market added $4.4 billion a year to the economy and accounted for 18,000 jobs.
If pending projects were canceled as a result of the LNG pause, Louisiana stood to suffer harm, the judge said, calling the DOE decision “completely without reason or logic.”
The Biden administration later challenged the ruling, filing an appeal with the U.S. Court of Appeals for the Fifth Circuit.
Benefitting America
Gillian Giannetti, senior attorney at environmental advocacy Natural Resources Defense Council, criticized Trump’s decision to allow more LNG export approvals, calling the move “deeply misguided.”
“Expanding LNG production deepens our reliance on fossil fuels at a time when we urgently need to transition to clean energy,” Giannetti said. “LNG operations contribute to dangerous climate pollution, harm public health, and increase energy costs for American families—all while locking communities near those facilities into decades of environmental and economic risks.”
Trump’s decision was welcomed by Charlie Riedl, executive director of the Center for LNG, who said that LNG exports are a “vital geopolitical tool” that helps balance the country’s trade deficits.
The exports also reduce global emissions and ensure the energy security of America’s allies, he said.
“We will work with the Trump administration to counter the negative impacts of the pause and return to normal order,” he said.
Sempra Infrastructure’s computer rendition of the Port Arthur LNG facility in Southeast Texas. Courtesy of Sempra Infrastructure
Paul Everingham, CEO of the Asia Natural Gas & Energy Association, cited a study by Wood Mackenzie that states Asia’s LNG demand is expected to almost double by 2050 while the United States is forecast to account for a third of the global LNG supply by 2035.
Asia’s demand growth and America’s ability to meet it were “contingent” on the LNG pause being lifted and supply being available in the coming decades, Everingham said.
“Today’s issuing by President Trump of an order to resume processing of LNG export approvals will enable key projects to proceed and give decision and policy makers in Asia the certainty they require to make long-term decisions about energy,” he said. “Emerging economies in Asia seek to switch out high-emitting coal use for more gas-fired power as they pursue sensible and well-planned growth in renewable energy sources. The resumption of LNG export approvals in the US will help make this a reality.”
Trump’s “Unleashing American Energy” executive order stated that “burdensome and ideologically motivated regulations” in recent years have negatively affected America’s ability to make use of its abundant energy and natural resources, inflicting higher costs on citizens, reducing job creation, and weakening national security.
“It is thus in the national interest to unleash America’s affordable and reliable energy and natural resources. This will restore American prosperity,” the order stated.
END
Michael Snyder….
Our 101 Trillion Dollar Problem: This Is The Number One Tool The Elite Use To Enslave Us
Wednesday, Jan 22, 2025 – 07:40 PM
Authored by Michael Snyder via The Economic Collapse blog,
Right now, a tremendous awakening is happening as people all over the world become educated about the tools that the elite use to enslave us to their system. The number one tool that they use to enslave us is debt. The financial powers of the world use it to enslave individuals, corporations and governments. For thousands of years humanity has been taught the proverb that “the borrower is the servant of the lender”, and yet today billions of people around the globe have willingly made themselves servants of the money powers. You see, when you borrow money from a financial institution, you not only have to pay that money back, but you also have to pay a significant amount of interest. In fact, often the interest ends up being much more than the principal of the loan. Thus the borrower ends up devoting a great deal of his or her labor to earning money for the lender. Yes, there are times when it is necessary to borrow money. But what we have been doing over the last 30 years goes far beyond “necessary” borrowing. The fact that the U.S. government is now 36 trillion dollars in debt gets a lot of attention, but the truth is that state and local governments, corporations, and U.S. households have piled up enormous mountains of debt as well.
I want to show you a chart from the Federal Reserve that is hard to believe.
In the mid-90s, the total amount of debt in the system was about 20 trillion dollars, but now we have reached the 101 trillion dollar mark…
The word “insanity” does not even begin to describe what we have been doing to ourselves.
It takes a lot of really hard work to add 80 trillion dollars of debt in just 30 years.
Every time we pile up more debt, there is a winner and there is a loser.
Debt strips you of your freedom and slowly drains you of your wealth. It puts the fruits of your labor into the pockets of others.
That is true for individuals, and it is true for a nation as a whole.
Getting others enslaved by debt is how the most powerful financial institutions in the world became so dominant. It is one of the most profitable ways of making money ever invented.
What many people don’t realize is just how much interest they end up paying on some of their debts.
For example, if you go to mortgagecalculator.org, you can calculate the amount of interest that you will pay over the life of your home mortgage. According to that calculator, someone with a $400,000 mortgage at an interest rate of 6.98% over 30 years will end up paying $556,102.18 in interest before the mortgage is finally paid off.
When those 30 years are over, you will have bought a house for yourself and you will also have bought a house for the bankers.
So what should we do?
We need to stop feeding the monster.
They are getting insanely wealthy by financially enslaving all the rest of us.
Unfortunately, many Americans find themselves deep in debt because the cost of living has been rising faster than our paychecks have.
One of the great joys that men in free societies have long enjoyed is the ability to earn an honest wage for an honest day of work. In particular, the amazing capitalist engine that powered the U.S. economy for decade after decade greatly rewarded the incredible hard work and industriousness of the American people. America was known as the land of opportunity, and we built the largest middle class in the history of the world by working incredibly hard.
Unfortunately, things have changed.
Thanks to globalization and extremely rapid advances in technology, the labor of U.S. workers is rapidly losing value. Automation, robotics and AI have made many jobs obsolete. In addition, American workers now must compete against workers from all over the world. Global corporations often find themselves having to choose whether to build a factory in the United States or in the third world. But in the third world workers often earn less than 10 percent of what American workers earn, corporations are often not required to provide any benefits to those workers, and there are often very few oppressive government regulations to contend with.
How can American workers compete against that?
The truth is that labor is now a global commodity. It is exceedingly difficult for a worker in the United States to effectively compete with a desperate, half-starving worker in the third world that will work like mad for two dollars an hour.
But this is what we get for letting our politicians push “free trade” down our throats.
Most American workers had no idea that free trade would mean that they would suddenly be competing for jobs against workers in the Philippines and Malaysia.
But this is the cold, hard reality of globalism.
Of course the top executives at the big global corporations are certainly enjoying this new environment, because their salaries have soared.
In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1.
Now it is 268 to 1.
The rich are getting richer and the poor are getting poorer.
That is what globalism is all about.
The elite make out like bandits as they exploit third world labor pools, while the American middle class finds itself slowly being crushed out of existence.
Our system has been designed to funnel nearly all of the rewards to the very top. Meanwhile, the vast majority of Americans are left wondering why things just don’t ever seem to work out for them.
If you talk to many Americans, they just can’t seem to figure out why they can’t make things work out even though they are working as hard as they can. Millions of Americans have found themselves taking on second or even third jobs in a desperate attempt to provide for their families.
Sadly, things just keep getting worse with each passing year.
As I have discussed in previous articles, demand at food banks is at an all-time high, homelessness in the U.S. is at an all-time high, and homelessness in the U.S. is growing at the fastest pace ever recorded.
But there are elitists out there that are still attempting to claim that the U.S. economy is in great shape.
Of course most of us aren’t buying the propaganda anymore, and that is one of the primary reasons why the election turned out the way that it did.
We need to return to an economy where good workers are valued and where hard work is rewarded.
We need to return to an economy where having a large middle class is an important national goal.
We need to return to an economy where we build American businesses, where we hire American workers, and where we buy American products.
But unless the American people wake up, American workers are going to continue to be devalued.
And if you think that things are bad now, just wait until AI starts taking millions of our jobs.
Are we just going to sit back and let American living standards decline to third world standards, or are we going to do something about it?
Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children.
The overall economic numbers are really bad, but when you examine the impact that this economy is having on children things get really horrifying. Today, 16 percent of U.S. children live in poverty and 14 million U.S. children are on food stamps.
It has been estimated that approximately 50 percent of all U.S. children will be on food stamps at some point before they reach the age of 18.
We were once the most prosperous nation on the entire planet.
How could we let this happen?
Meanwhile, the rich have gotten even richer.
In 2009, there were 8 million millionaires in the United States.
Now there are 22 million.
If everyone was becoming wealthier, that would be great. Unfortunately, the poor have been left with an increasingly smaller slice of the pie to divide among themselves.
At this point, the bottom 50 percent of Americans control just 2.5 percent of the wealth.
I have been ranting about all of this for over a decade, and yet conditions have just continued to deteriorate year after year.
We can’t have an economy that works for the top 10 percent but that sucks the life out of the bottom 90 percent.
Our debt-based financial system needs to be fundamentally reformed, and it is time for us to demand action.
* * *
Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
END
TRUMP sealing the border
“Just The Beginning”: Trump Plans 10,000 Troops On Border To Restore National Security
Thursday, Jan 23, 2025 – 08:40 AM
Update (0840ET): The Trump administration initiated plans yesterday for the Pentagon to mobilize 1,500 active-duty troops to the US-Mexico border, joining the 2,500 National Guard and Reserve forces already in place.
New reports show Trump could soon order the Pentagon to mobilize upwards of 10,000 troops to “seal the borders” and thwart “unlawful mass migration.”
The number of 10,000 troops comes from a US Customs and Border Protection briefing document obtained by The Washington Post.
Here’s more from WaPo:
President Donald Trump is preparing to send around 10,000 troops to the southern border, where they will support Border Patrol agents under new orders to shut off access to asylum, according to a US Customs and Border Protection briefing document obtained by The Washington Post.
The order directs border agents to block entry to migrants on the grounds that they have passed through countries where communicable diseases are present, without citing any specific health threat.
Acting Defense Secretary Robert Salesses stated in a DoD press release:
This is just the beginning. In short order, the Department will develop and execute additional missions in cooperation with DHS, federal agencies, and state partners to address the full range of threats outlined by the President at our nation’s borders.
President Trump directed action from the Department of Defense on securing our nation’s borders and made clear he expects immediate results. That is exactly what our military is doing under his leadership.
The lightning speed to secure the borders and restore national security after four years of disastrous globalist open border policies from the Biden-Harris regime is the new administration carrying out a campaign promise for the majority of voters.
Meanwhile, Border Czar Tom Homan confirmed earlier this week that large-scale raids targeting criminal illegal aliens were already underway.
Taxpayers want a safe homeland and an end to far-left globalist policies.
* * *
President Donald Trump’s extraordinary move to restore national security began on Monday with a series of executive orders on immigration. By Tuesday, Border Czar Tom Homan confirmed that large-scale raids targeting criminal illegal aliens were underway. Now, the Pentagon is reportedly preparing to deploy more than a thousand active-duty troops to secure the southern border in the coming days, following four years of a wide-open border facilitated by globalist Democrats in the Biden-Harris regime.
AP News, in typical fashion, citing anonymous US officials, reported that Acting Defense Secretary Robert Salesses is preparing to sign a deployment order for 1,500 active-duty troops. These troops would support border agents by assisting with logistics, transportation, and the construction of barriers.
“Troops are prohibited by law from doing law enforcement duties, but that may change,” AP’s Pentagon reporter Tara Copp noted.
However, she said, “Trump has directed through executive order that the incoming secretary of defense and incoming homeland security chief report back within 90 days if they think an 1807 law called the Insurrection Act should be invoked. That would allow those troops to be used in civilian law enforcement on US soil.”
Active duty forces could begin deployment to the southern border by the end of the week. There are currently no active-duty troops there. The latest figures show about 2,500 National Guard and Reserve members are positioned along the southern border.
On Monday, Trump told the American people during his inaugural address, “I will declare a national emergency at our southern border. All illegal entry will immediately be halted, and we will begin the process of returning millions and millions of criminal aliens back to the places in which they came.”
The move to secure the border and protect the American people from the illegal alien invasion facilitated by open-border globalist Democrats has been widely expected.
Here’s a recap of Trump’s executive orders on immigration (courtesy of NBC News):
- End birthright citizenship for future children born to mothers who are in the United States unlawfully or temporarily unless the child’s father is here legally and permanently
- Direct federal agencies to identify countries that do not provide sufficient information on their nationals and to bar those nationals from entry to the US.
- Send the military to the border by declaring a national emergency
- Halt all refugee admissions into the United States until policy “aligns” with US interests
- Designate cartels and migrant gangs MS-13 and Tren de Aragua as foreign terrorist organizations
- Restrict federal funds from sanctuary cities and potentially take legal action against them
- Require immigrants unlawfully in the United States to register and be fingerprinted
- End the CBP One program and the parole program for Cubans, Haitians, Nicaraguans and Venezuelans
- Deny public benefits to unauthorized immigrants
- Reinstate the “Remain in Mexico” policy
During Trump’s first term, more than 7,000 active-duty troops were stationed across the border in Texas, Arizona, and California. If the AP story is correct about the first tranche of 1,500 troops preparing for deployment, then there is the possibility that those numbers will be ramped up in the coming weeks, if not months.
The American people gave Trump a mandate: Restore national security.
Far-left Democrats are losing their minds on Trump’s massive immigration shift. With leftists corporate media primarily fixated on huge deportation costs.
So we ask these pro-open border folks: What price do you put on national security?
This illegal alien invasion had consequences: American lives were lost.
Once the southern and northern borders are secured, the American people must hold accountable the politicians, non-profits, federal agencies, staffing companies, corporations, and others involved in facilitating the migration invasion that has undermined national security. The most effective way to ensure accountability is at the ballot box in the next election cycle
end
the purge of deep state begins..
Trump Begins Deep State Purge At DOJ
Wednesday, Jan 22, 2025 – 06:00 PM
President Donald Trump has begun delivering on a central promise of his historic 2024 campaign by removing officials who obstruct his America First agenda.
Numerous top officials have been fired at the Department of Justice’s Executive Office of Immigration Review, which oversees the country’s immigration courts, NBC News reports. The firings, which occurred late Monday evening, include the following officials: chief immigration judge, Sheila McNulty; the acting director of the Executive Office of Immigration Review, Mary Cheng; the office’s general counsel, Jill Anderson; and its head of policy, Lauren Alder Reid, the news outlet noted.
Reid told the outlet that she was ‘severely disappointed’ that nobody gave her a heads up.
“My career Senior Executive Service colleagues and I are shocked and severely disappointed in the decision to remove us from our positions without notice or cause,” she bitterly told NBC News. “We have dedicated our careers to upholding the rule of law, regardless of the administration. Our continued pursuit of justice will not be diminished.”
The terminated officials were all civil servants, not political appointees.
Additionally, some DOJ officials were reassigned to different roles within the agency, sources familiar with the developments told the Associated Press. Bruce Swartz, veteran head of the Justice Department’s Office of International Affairs, has been shifted to another job – while George Toscas, a longtime deputy assistant attorney general in the National Security Division, was reassigned. Toscas played roles in both former Secretary of State Hillary Clinton’s handling of classified information and Trump’s classified documents probe.
Nearly two dozen officials have been moved to new roles, AP said.
Trump, who recently faced twin (now closed) investigations from Biden-DOJ-appointed Special Counsel Jack Smith, vowed through his latest White House campaign to “demolish the ‘deep state.”
“We will expel the warmongers from our government. We will drive out the globalists. We will cast out the communists, Marxists and fascists. We will throw off the sick political class that hates our country,” Trump pledged in Windham, New Hampshire in a 2023 speech.
Nonetheless, Trump’s efforts to improve the DOJ is already being met with resistance and chicanery from the Left.
The Senate Judiciary Committee has postponed the confirmation hearing for attorney general nominee Pam Bondi by one week due to an unnamed Democrat lawmaker. The hearing, originally planned to advance Bondi’s nomination for a full Senate vote, has been rescheduled for January 29th.
Bondi, who served as Florida’s first female Attorney General, has vowed to restore a “one tier of justice for all” if confirmed to lead the DOJ.
“My overriding objective will be to return the Department of Justice to its core mission of keeping Americans safe and vigorously prosecuting criminals, and that includes getting back to basics, gangs, drugs, terrorists, cartels, our border and our foreign adversaries,” she testified during her confirmation process. “I believe we are on the cusp of a new golden age where the Department of Justice can and will do better if I am confirmed.”
END
California’s Huntington Beach Declares Itself ‘Non-Sanctuary City’
Thursday, Jan 23, 2025 – 03:00 PM
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
Huntington Beach’s city council in Southern California unanimously voted on Jan. 21 to declare the Orange County city a “non-sanctuary city.”
The declaration, proposed by Mayor Pat Burns and intended to prevent crime, comes after Gov. Gavin Newsom convened a special legislative session to, in part, help protect illegal immigrants from deportation.
“We are going to provide the best safety for our citizens, plain and simple,” said Burns during the city council meeting. “It’s going to be what’s best for Huntington Beach. Huntington Beach first.”
The mayor also addressed concerns that the declaration would be used to attack immigrant communities, saying that it would make immigrant neighborhoods safer.
Huntington Beach City Council wrote in a joint statement that “Neither the Governor nor the State Legislature with the passage of laws may interfere with the City’s voluntary cooperation with federal authorities, nor cause or compel the City to violate federal laws such as Title 8 Section 1324 for the harboring of illegal immigrants.”
According to Huntington Beach City Attorney Michael Gates, California’s sanctuary state law interferes with local agencies’ ability to comply with federal law.
“In California in particular, fighting crime is difficult enough with the relaxed criminal laws and lack of enforcement,” Gates said in a statement. “The State should get out of the way of local law enforcement, stop handcuffing our police officers and California’s cities, and get back to the business of protecting innocent citizens. Emphatically, the State should not take a position of violating federal immigration laws or encouraging cities to violate federal immigration laws.”
During the Jan. 21 meeting, councilman Chad Williams criticized Senate Bill 54, which went into effect in January 2018 and prohibits state and local resources from being used to aid federal immigration enforcement.
“I find it fascinating and really kind of disturbing the way that Sacramento plays word games with laws like SB 54—the so-called Values Act or the sanctuary law—while they freely are admitting that entering the country illegally is a violation of federal law,” said Williams.
“As a charter city in Huntington Beach, we have the right, we have the responsibility, I think, to do better. Upholding the U.S. Constitution isn’t just some abstract idea.”
Huntington Beach’s action is in contrast to other jurisdictions, such as San Diego County, which declared itself a sanctuary region in December 2024. Around the same time, Los Angeles also finalized its sanctuary city policy.
“We’re going to send a very clear message that the city of Los Angeles will not cooperate with ICE in any way,” Los Angeles Councilman Hugo Soto-Martinez said at the time, referring to Immigration and Customs Enforcement. “We want people to feel protected and be able to have faith in their government and that women can report domestic violence, crimes.”
Huntington Beach has long supported federal immigration enforcement. The city signed in February 2024 a letter of solidarity with Texas over its efforts to secure the border.
According to the U.S. Department of Homeland Security, there are at least 2.5 million illegal immigrants in California.
end
LOS ANGELES
new fires along interstate 5 in LA
Massive New Fire Explodes North Of LA, Spreading Rapidly Along I-5
Wednesday, Jan 22, 2025 – 05:20 PM
A massive new fire is spreading rapidly north of Los Angeles, threatening Interstate 5, one of California’s main transportation arteries.
The Hughes Fire started just before 11 a.m. local time and quickly spread to more than 5,000 acres, spurring evacuation orders around Castaic Lake in northern Los Angeles County.
All lane of the I-5 highway are now closed just north of SR-126 in the evacuation area and the critical link between northern and southern California is affected by heavy smoke.
Cal Fire said there was “an immediate threat to life”, with many already speculating that the latest fire was not spontaneous but is the product of arson The reservoir is about 45 miles from Pacific Palisades, where a devastating fire killed 11 people, destroyed more than 6,380 structures and damaged another 867 since it ignited about two weeks ago.
In a post on X, Los Angeles County Supervisor Kathryn Barger said the county’s fire department is “deploying our aerial fleet to knock this out as quickly as possible.”
They will have their cut out for them: according to the National Weather Service, winds are gusting to 37 miles per hour just to the north of the fire. A red flag warning issued from the National Weather Service said wind gusts of 35 to 50 mph will be common over much of Los Angeles and Ventura counties, ensuring a rapid spread.
end
fire update
New Fire Explodes To Over 10,000 Acres North Of L.A.
Thursday, Jan 23, 2025 – 09:20 AM
A new, fast-moving wildfire erupted in Los Angeles County on Wednesday morning near Castaic Lake, off Lake Hughes Road just north of Castaic Reservoir Road. By 10:45 a.m., it had grown to 500 acres; by early afternoon, it had scorched 3,400 acres, then exploded to 10,176 acres overnight with 14% containment.
L.A. Times: Hughes Fire Epicenter Map
Everything you need to know about the Hughes Fire (courtesy of L.A. Times):
- Containment: The fire was 14% contained as of Wednesday night. It has burned more than 10,000 acres.
- Evacuations: L.A. County has issued evacuation orders for areas around Castaic Lake. This zone roughly encompasses the area east of Lake Piru and the Ventura County border, west of Bouquet Canyon Road, south of Sandberg and north of Castaic Junction. Ventura County issued an evacuation order for an area east of Lake Piru and west of Interstate 5.
- Road closures included Ridge Route Road at Lake Hughes Road, Ridge Route Road at Templin Highway, Lake Hughes Road at Pine Canyon Road, Dry Gulch Road at San Francisquito Canyon Motorway; the Parker Road and Lake Hughes Road off-ramps were closed on the northbound 5 Freeway.
CBS News quoted L.A. County Fire Chief Anthony Marrone as saying that over 4,000 personnel were mobilized to the Castaic Lake area to battle the Hughes Fire. The unincorporated area is approximately 15 miles northwest of Santa Clarita.
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
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 23, 2025 Issue 7415 | Independent View of the News |
| Trump says his threat to hit China with 10% tariffs on all imports remains on the table https://t.co/InME8lsuSZ Trump delivers fresh tariff threats against EU and China U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.S. via Mexico and Canada… https://www.reuters.com/world/trump-says-he-is-discussing-10-tariff-china-feb-1-2025-01-21/ Mag 7/Fangs soared on Wednesday while the DJTA declined moderately and the DJIA rallied moderately. As we noted in Wednesday’s letter, Mag 7/Fang reporting commenced after the close on Wednesday with Netflix; and traders want to be beaucoup long for expected great results. The NY Fang+ Index was 3.4% at 12:08 ET. At the time, Netflix was +10.27%, Nvidia +4.25%, CrowdStrike 3.85%, Microsoft +3.83%. The NY Fang+ Index then commenced a slow decline that persisted until ESHs opened moderately higher on Tuesday night and persistently rallied, with only a few minor respites, until they hit their daily high of 6134.75 at 12:08 ET. Then they eased lower, because few traders want to sell, until they hit 6124.75 at 13:28 ET. Buying for the last-hour rally took ESHs to 6132.75 at 15:00 ET. Alas, traders are too long and euphoric – and there are few organic buyers. So, ESHs and stocks sank to 6119.50 at 15:52 ET. The last-ditch manipulation pushed ESHs to 61226.00 at 15:54 ET. ESHs then rolled over and waffled in a tight range until the NYSE close. Positive aspects of previous session Fangs soared early; the DJIA rallied moderately; the S&P 500 Index hit an all-time high. Gasoline declined sharply, again. Negative aspects of previous session USHs declined; gold rallied moderately; the DJTA declined moderately. The NY Fang+ Index and ESHs highs occurred at 12:08 ET. Tesla declined 8.96 points. Ambiguous aspects of previous session How much more can Fangs rally? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6087.76 Previous session S&P 500 Index High/Low: 6100.81; 6076.13 @realchrisrufo: President Trump has signed an executive order rescinding Lyndon Johnson’s EO 11246, which established affirmative action, and banning all federal contractors and publicly-funded universities from practicing race-based discrimination, including DEI. @DougMackeyCase: New Trump directive bans use of term “migrants”, mandates use of term “illegal aliens.” *We will no longer refer to aliens as migrants, noncitizens, etc. The legal term is alien and as law enforcement we will use the legal term.” Ann Coulter: A Bad Year for The Wall Street Journal – Turns out Americans liked America. The Journal is supposed to be a Republican newspaper and, for decades, its most impassioned advice to Republicans has been: more wars and, above all, more immigrants!… Trump ran and won (at least twice) on two issues: immigration and no more foreign adventurism…the Times-Ipsos poll found that Trump is not even especially popular. He is viewed “more negatively than any other president about to take office in the last 70 years.” But his issues were a runaway hit! So much for the “cult of personality.”… https://anncoulter.substack.com/p/a-bad-year-for-the-wall-street-journal CNN plans to lay off hundreds of employees, cut costs as NBC plots firings https://trib.al/S2V6Ixo Today – Wednesday action showed that the general equity market is exhausted; but buying for Mag 7/Fang reporting season is still occurring. This could continue today; but there are no Fangs scheduled to report. The fact that the NY Fang+ Index peaked at 12:08 ET strongly implies that traders are too long. Frenetic 0dte call buying on Fangs by traders early in the session created the robust rally. However, there was a noticeable absence of organic buying thereafter. This dynamic could appear today. There are no Fang results until next Wednesday: TSLA, MSFT, and Meta. It is unlikely that 0dte option players & short-term traders have the patience and control to wait a week. The action on Wednesday indicates a retrenchment is highly probable today. Expected earnings: GE 1.04, FCX .22, UNP 2.79, CSX .42, TXN 1.20 Expected economic data: Initial Jobless Claims 220k, Continuing Claims 1.866m; Jan KC Fed Mfg. 0; The Bank of Japan is expected to hike its target rate to 0.50 from 0.25. ESHs were -4.50; NQHs are -40.00 (on NFLX); and USHs are -2/32 at 20:20 ET. S&P Index 50-day MA: 5976; 100-day MA: 5844; 150-day MA: 5728; 200-day MA: 5599 DJIA 50-day MA: 43,582; 100-day MA: 42,801; 150-day MA: 41,844; 200-day MA: 41,066 (Green is positive slope; Red is negative slope) S&P 500 Index (6086.33 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 5911.62 triggers a sell signal Hourly: Trender and MACD are positive – a close below 6051.55 triggers a sell signal Yesterday, House Speaker Mike Johnson said Congress will investigate Biden’s pardons of his family. Biden grants clemency to drug dealer convicted in double slaying of 8-year-old boy and his mom, sparking outrage – even from Democrats https://trib.al/4zYTTiW @paulsperry_: Sources say Biden pardoned Ernest Cromartie for tax evasion as payback to his Democrat pal Jim Clyburn for erecting a “black firewall” for Biden in S. Carolina during 2020 primary that saved his failing campaign. Clyburn lobbied for Cromartie, a family friend and donor. @DC_Draino: Want to know why Liz Cheney is freaking out right now? The J6 investigation was just moved to the Judiciary Committee so they have subpoena power to get info from the FBI & DOJ. Who is the J6 pipe bomber? How many FBI informants were in the Capitol? What did the J6 Cmte cover up? We’re about to find out. @RetroCoast: Breaking: reports of PANIC in the D.C. Metropolitan Jail. Prison guards are panicking about the brutal treatment they meted out to J6 prisoners. They fear they will be held accountable on civil or criminal charges- or even street justice. Kamala Harris mocked online for another ‘word salad’ about ‘community’ during fire department visit https://t.co/YfBYI6Fjwa FBI-approved book manuscript supports Kash Patel’s Benghazi narrative challenged by NY Times The FBI approved a book manuscript in 2023 from its lead investigator in the Benghazi terror attack probe that confirms frontline agents and prosecutors believed politics kept the Justice Department from approving operations to capture several conspirators, supporting a key part of FBI Director-nominee Kash Patel’s account of events that was recently challenged by The New York Times… Specifically, Clarke raised concerns that in 2016 then-FBI Deputy Director Andrew McCabe – whose wife had recently run for political office as a Democrat and received large donations from a Hillary Clinton ally – would not approve an “executive memo” clearing the way for the Pentagon to plan the capture of key suspects in the attack on the Benghazi consulate… https://justthenews.com/government/federal-agencies/fbi-approved-book-manuscript-supports-kash-patels-benghazi-narrative @americasgreat: This is a SEPT 29, 2020 Letter from Ratcliffe to Lindsey Graham regarding Brennan, Hillary, and Comey discussing stirring up Russian disinformation focused on Pres Trump to distract from Hillary server. Barr knew about the Russia collusion b.s. while Pres Trump ran for office the second time and said nothing. Barr knew Hunter’s laptop was real and said nothing. WTF is going in our govt? https://x.com/americasgreat/status/1882111388455207203 Inside former VP Kamala Harris marriage turmoil as Doug Emhoff’s scandals are blamed for losing presidency – she’s reportedly looking to undergo a complete image overhaul to resuscitate her floundering political career – maybe at the expense of Emhoff… https://www.dailymail.co.uk/news/article-14306237/kamala-harris-blames-doug-emhoff-political-setbacks-marriage-turmoil.html | |
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SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER
SEE YOU ON FRIDAY
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