GOLD CLOSED UP $4.80 TO $2799.80
SILVER CLOSED DOWN $.19 TO $31.53
GOLD ACCESS CLOSED 2800.75
Silver ACCESS CLOSED: $31.31
Bitcoin morning price:$104,970 DOWN 130 DOLLARS.
Bitcoin: afternoon price: $101,784 down 3316 DOLLARS
Platinum price closing UP $10.80 TO $982.60
Palladium price; UP $34.45 TO $1024.00
END
*CANADIAN GOLD: $4072.00 UP 19.35 CDN dollars per oz( * NEW ALL TIME HIGH 4072.00 CDN DOLLARS PER OZ//JAN 30 2025)
*BRITISH GOLD: 2260.652 UP 9.85 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,260.65 BRITISH POUNDS/OZ) JAN 30/2025
*EURO GOLD: 2,704.60 UP 15.65 Euros per oz //* (ALL TIME CLOSING HIGH: 2,704.60 EUROS PER OZ/JAN 30 //2025)
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EXCHANGE
EXCHANGE: COMEX
CONTRACT: FEBRUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,823.000000000 USD
INTENT DATE: 01/30/2025 DELIVERY DATE: 02/03/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 15 1548
072 H GOLDMAN 2412
092 C DEUTSCHE BANK 120
099 H DB AG 3524
104 C MIZUHO 39
118 C MACQUARIE FUT 743
118 H MACQUARIE FUT 1355
132 C SG AMERICAS 378
159 C MAREX CAPITAL M 11
167 C MAREX 375
167 H MAREX 16
190 H BMO CAPITAL 815
323 C HSBC 2535
323 H HSBC 504
332 H STANDARD CHARTE 1813
363 C WELLS FARGO SEC 269
363 H WELLS FARGO SEC 138
435 H SCOTIA CAPITAL 1766
523 C INTERACTIVE BRO 2
555 H BNP PARIBAS SEC 1600
624 C BOFA SECURITIES 240
624 H BOFA SECURITIES 2994
DLV615-T CME CLEARING
BUSINESS DATE: 01/30/2025 DAILY DELIVERY NOTICES RUN DATE: 01/30/2025
PRODUCT GROUP: METALS RUN TIME: 21:13:50
657 C MORGAN STANLEY 323 2786
657 H MORGAN STANLEY 3420
661 C JP MORGAN 217 7414
661 H JP MORGAN 14850
686 C STONEX FINANCIA 217 49
690 C ABN AMRO 13
709 C BARCLAYS 2132
709 H BARCLAYS 1164
730 C PTG DIVISION SG 59
732 C RBC CAP MARKETS 2757
737 C ADVANTAGE 5
800 C MAREX SPEC 74
878 C PHILLIP CAPITAL 3
880 C CITIGROUP 504
905 C ADM 43
TOTAL: 29,621 29,621
JPMorgan stopped (received) 7417/29361 contracts
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 29,261 NOTICES FOR 2,926,100 OZ 92.133 TONNES
total notices so far: 29,261 contracts for 2,926,100 Oz (92.133 tonnes)
FOR FEB.
SILVER NOTICES:1306 NOTICE(S) FILED FOR 6,530,000 OZ/
total number of notices filed so far this month : 1306 for 6.530 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $4.80 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
MEGA HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD INTO THE GLD./
INVENTORY RESTS AT 864.19 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.19 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 2.368 MILLION OZ OUT OF THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 448.881 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A MEGA HUGE SIZED 4444 CONTRACTS TO 170,503 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 WITH OUR STRONG GAIN OF $0,76 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A MEGA HUMONGOUS GAIN OF 5984 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE//THURSDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON THURSDAY COMEX TRADING ALONG WITH MONTH END SPREADERS AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 4 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 SUCCEEDED A BIT WITH MONDAY’S PRICING LOSS BUT FAILED THROUGHOUT THE WEEK AS WE HAD ZERO LONGS BEING KNOCKED OFF WITH OUR HUGE GAIN IN OPEN INTEREST CONTRACTS ON OUR TWO EXCHANGES ESPECIALLY WITH TODAY’S TOTALS.. DERIVATIVE LOSSES CONTINUE TO MOUNT. WE HAD CONSIDERABLE T.A.S. LIQUIDATION THURSDAY COUPLED WITH ANOTHER NEW HUGE T.A.S. ISSUANCE OF 905 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 STILL HAS A HUGE CONTANGO TO SPOT (ALONG WITH GOLD) 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 HUGE 1540 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE 905 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 HUMONGOUS SIZED 5984 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT THURSDAY’S COMEX SESSION COUPLED WITH FINALIZATION OF MONTH END SPREADER LIQUIDATION.
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 INITIATE A RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN WITH YESTERDAY’S TRADING ON SILVER.
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 THURSDAY NIGHT/FRIDAY MORNING: A HUGE 905 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, JAN 23 AND JAN 24…. 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 UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.76 AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A MEGA HUMONGOUS GAIN IN OUR TWO EXCHANGES OF 5984 CONTRACTS.
WE HAD A 905 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 10.105 MILLION OZ (FIRST DAY NOTICE)
// STANDING FOR SILVER//FEB 10.105 MILLION OZ
WE HAD:
/ MEGA HUGE SIZED COMEX OI GAIN +// A HUGE SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 905 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED 39 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 21 DAYS, total 13,446 contracts: OR 67.230 MILLION OZ (640 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 67.230 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: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
RESULT: WE HAD A MEGA HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4444 CONTRACTS WITH OUR STRONG GAIN IN PRICE OF SILVER PRICING AT THE COMEX/THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 1540 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 10.105 MILLION OZ ON FIRST DAY NOTICE,
//NEW TOTAL STANDING FOR FEB INITIAL AT 11.50 MILLION OZ
WE HAVE 1. A MEGA HUMONGOUS SIZED GAIN OF 5989 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE 905, CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION ALONG WITH MONTH END SPREADERS. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON THURSDAY 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 THURSDAY NIGHT (905) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 1306 NOTICE(S) FILED TODAY FOR 6.530 million 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 STRONG SIZED 8248 OI CONTRACTS TO 574,707 AND FURTHER FROM 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 STRONG SIZED 1850 CONTRACTS//
WE HAD A STRONG SIZED INCREASE IN COMEX OI (8248 CONTRACTS) OCCURRED WITH OUR GAIN OF $40.95 IN PRICE THURSDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUMONGOUS INITIAL STANDING IN GOLD TONNAGE FOR FEB AT 184.40 TONNES
/NEW STANDING 184.40 TONNES
/ ALL OF THIS HAPPENED WITH OUR $40.95 GAIN IN PRICE WITH RESPECT TO THURSDAY’S COMEX ///. WE HAD A VERY STRONG SIZED GAIN OF 12,408 OI CONTRACTS (38.59 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! THE RESULT: A MASSIVE AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE FRONT FEBRUARY CONTRACT MONTH.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4160 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 576,567
IN ESSENCE WE HAVE A VERY STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 12,408 CONTRACTS WITH 8248 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 4160 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 12,408 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 1484 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4160 CONTRACTS) ACCOMPANYING THE STRONG SIZED DECREASE IN COMEX OI OF 8248 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 12,408 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 FEB 184.40 TONNES
.
NEW STANDING FOR FEB ADVANCES TO:
184.40 TONNES NORMAL DELIVERY
//NEW STANDING FEB: 184.40 TONNES WHICH IS THE HIGHEST EVER GOLD STANDING FOR A FEBRUARY DELIVERY MONTH. AND FOR ANY COMEX MONTH.
/ 3) HUGE T.A.S. LIQUIDATION PLUS MONTH END SPREADER LIQUIDATION TRYING TO LOWER GOLD’S PRICE THURSDAY WITH ZERO SUCCESS IN REMOVING SOME NET SPECULATOR LONGS, AS WITH OUR1) $40.95 PRICE GAIN , WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A HUGE TOTAL GAIN OF 14,258 CONTRACTS ON OUR TWO EXCHANGES ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED THURSDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL AND THUS OUR RECORD NUMBER OF GOLD TONNES STANDING FOR FEBRUARY.
4) STRONG SIZED COMEX OPEN INTEREST INCREASE 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 1484 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: 82,921 CONTRACTS OF 8,292,100 OZ OR 257.919 TONNES IN 21 TRADING DAY(S) AND THUS AVERAGING: 3948 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 21 TRADING DAY(S) IN TONNES 257.919 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 257.919 DIVIDED BY 3550 x 100% TONNES = 7.26% 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: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT 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 MEGA HUGE SIZED 4444 CONTRACTS OI TO 170,464 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 1540 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 1540 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1540 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 4444 CONTRACTS AND ADD TO THE 1540 E.FP. ISSUED
WE OBTAIN A MEGA HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 5984 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS A HUGE 29.920 MILLION OZ OCCURRED WITH OUR $0.76 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 FRIDAY MORNING THURSDAY NIGHT
SHANGHAI CLOSED
//Hang Seng CLOSED
// Nikkei CLOSED UP 99.19 OR 1.02%//Australia’s all ordinaries CLOSED UP 0.52%
//Chinese yuan (ONSHORE) CLOSED XXXX CHINESE YUAN OFFSHORE CLOSED UP TO 7.2659// Oil DOWN TO 72.16dollars per barrel for WTI and BRENT DOWN AT 76.09 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING XXXX LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
ASIA TRADING FRIDAY MORNING/THURSDAY NIGHT
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 STRONG SIZED 8248 CONTRACTS TO 574,707 WITH OUR HUGE GAIN IN PRICE OF $40.95 WITH RESPECT TO THURSDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (4160) . THE CME ANNOUNCED THURSDAY NIGHT, MUCH TO MY RELIEF 0 EXCHANGE FOR RISK CONTRACTS FOR NIL OZ. OR 0 TONNES OF GOLD. SO FAR THIS MONTH OF JANUARY WE HAVE BEEN ISSUED THE HIGHEST NUMBER EVER RECORDED EXCHANGE FOR RISK ISSUANCE AT 6 FOR 43.208 TONNES.
THUS IN TOTAL WE HAD A STRONG GAIN ON OUR TWO EXCHANGES OF 14,258 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON THURSDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED RAID AS THEY TRIED TO ABSORB 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. LONDON ANNOUNCED THURSDAY NIGHT THAT THEY WERE OUT OF GOLD. WRONGLY IT WAS ATTRIBUTED TO THEIR SHIPPING PHYSICAL GOLD TO COMEX FOR STORAGE DUE TO TRUMP’S INITIATION OF TARIFFS. THE TRUTH OF THE MATTER IS THAT THIS GOLD LEFT LONDON TO CENTRAL BANKS AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES.
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 WEEK INCLUDING YESTERDAY AND TODAY WITH OUR STRONG T.A.S. ISSUANCES AND STRONG T.A.S. LIQUIDATION DURING THE PAST FEW DAYS OF COMEX SESSIONS. TODAY THEY ISSUED A STRONG 1484 CONTRACT ANNOUNCEMENT (THURSDAY NIGHT/FRIDAY MORNING). THE COMEX WAS ALSO JOINED WITH MONTH END SPREADERS WHICH AMPLIFIED THE COMEX OPEN INTEREST NUMBERS. MONTH END SPREADERS ENDS WITH TODAY’S COMEX SESSION.
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 ,205 206, 207 ADN 208 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 LAST MONDAY NOON JAN 20. TRUMP WILL 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 MONTH END SPREADERS AND T.A.S DURING 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. QUEUE JUMPING WILL RESUME NEXT WEEK.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW DEEP INTO THE NON ACTIVE DELIVERY MONTH OF JANUARY.… THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG SIZED 4160 EFP CONTRACTS WERE ISSUED: : /FEB 4160 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4160 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 GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 12,408 CONTRACTS IN THAT 4160 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG SIZED GAIN OF 8248 COMEX CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $40.95 THURSDAY// 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 THURSDAY NIGHT/FRIDAY MORNING WAS A STRONG SIZED SIZED 1484 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 LITTLE AS FEW LEFT OUR GOLD METAL ARENA. OUR HUGE RAID WAS ORDERED BY THE FED WITH LAST MONDAY’S TRADING (JAN 27) AS THE GOLD PRICE GOT HAMMERED A BIT WITH COMEX OPTIONS EXPIRY. AS YOU SAW WITH TUESDAY’S TRADING IT HAS NO EFFECT ON GOLD AS IT SHOT UP AGAIN IN PRICE AND IT CONTINUED TO RISE THROUGHOUT THE WEEK AND THEN AGAIN TODAY. ESP LONDON’S ANNOUNCEMENT THAT THEY WERE OUT OF PHYSICAL GOLD SURELY HELPED TO PROPEL GOLD’S METEORIC RISE IN PRICE.
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 AND AGAIN WITH JANUARY OPTION EXPIRY MONTH. HALF WAY THROUGH THE JANUARY COMEX MONTH, THE CROOKS ISSUED FIVE 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 IN PRICE THIS WEEK AND NOW TO ALL TIME RECORD HIGHS IN USA DOLLAR TERMS AND OTHER CURRENCIES.
STANDING FOR GOLD FOR THE PAST 4 PLUS YEARS:
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JAN (113.310 TONNES) WHICH IS HUGE FOR OUR NON ACTIVE JAN DELIVERY MONTH AND THE HIGHEST STANDING FOR GOLD EVER RECORDED FOR ANY JANUARY.
AND NOW FEBRUARY:
THIS IS UNBELIEVABLE: THE TOTAL NUMBER OF OPEN INTEREST CONTRACTS STANDING FOR THE FRONT MONTH OF FEB IS 59,285 CONTRACTS. EACH CONTRACT IS 100 OZ OF GOLD. THUS THE TOTAL NUMBER OF GOLD OZ STANDING IS 59,285 X 100 OZ PER CONTRACT = 5,928,500 OZ WHICH TRANSLATES INTO 184.40 TONNES OF GOLD. I SURELY DOUBT THAT THE COMEX HAS THIS AMOUNT OF UNENCUMBERLAND GOLD! THE 184.40 TONNES OF GOLD STANDING IS THE HIGHEST EVER RECORDED IN COMEX HISTORY GOING BACK TO 1974 AND THE HIGHEST EVER FOR A FEBRUARY.
YEAR 2025:
JAN 2025: 65.85 TONNES
FEB: 2025: 184.40 TONNES (INITIAL)
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: 70.102 TONNES + 43.208 EXCHANGE FOR RISK= 113.310 TONNES
FEBRUARY: 184.40 TONNES OF GOLD
COMEX GOLD TRADING
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $40.95)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A STRONG GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION THURSDAY PLUS FINALIZATION OF MONTH END SPREADER LIQUIDATION AS THEY WERE TRYING TO QUELL GOLD’S RISE AND HUGE COMEX/OTC DERIVATIVE LOSSES. THE BANKERS WERE UNSUCCESSFUL IN SLOWING THEIR DERIVATIVE LOSSES IN PRECIOUS METAL BETS WITH OPTIONS EXPIRY MONDAY NIGHT AT THE COMEX. OUR TWO SPREADER LIQUIDATIONS THIS WEEK IS DISTORTING OPEN INTEREST AS I EXPLAINED ABOVE AND IS HAVING NO EFFECT ON GOLD’S METEORIC RISE IN PRICE. TODAY IS OPTIONS EXPIRY FOR LONDON’S OTIC/LBMA OPTIONS AS OUR BANKER CROOK’S DESPERATELY TRY TO CONTAIN GOLD’S PRICE WAS ATTAINING THE 2800 DOLLAR LEVEL. THEIR DERIVATIVE LOSSES WILL CONTINUE TO MOUNT
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING/FRIDAY MORNING AND THUS OUR RECORD NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX.
EXCHANGE FOR RISK EXPLANATION/DECEMBER AND JANUARYTRADING
DECEMBER MONTH EXCHANGE FOR RISK!
51 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 6 FOR 14.6836 TONNES A NEW RECORD. 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 OUR TWO EARLY JANUARY EX FOR RISK: 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).NOT TO BE UNDONE, THE CROOKS ISSUED THEIR FIFTH EXCHANGE FOR RISK LAST NIGHT FOR 500 CONTRACTS REPRESENTING 50,,000 OZ OR 1.555 TONNES OF GOLD. REMEMBER THAT THE BUYER ASSUMES THE RISK THAT HE WILL BE DELIVERED UPON WHICH IS TOTALLY ASININE!! THUS FOR THE 5 EXCHANGE FOR RISK ISSUED THIS MONTH TOTALS 23.134 TONNES OF GOLD. THIS BRINGS US TO , JAN 25 WHERE THE CME ANNOUNCED ITS SIXTH MAJOR EXCHANGE FOR RISK ISSUANCE OF 6454 CONTRACTS FOR 645,400 OZ OR 20.074 TONNES OF GOLD. THIS IS THE HIGHEST EVER RECORDED ISSUANCE IN NUMBER OF EXCHANGE FOR RISK, AT 6, AND FOR NEW TOTALS FOR THE MONTH OF JANUARY: 43.208 TONNES!!! AND A NEW RECORD FOR ISSUANCE
TOTAL FINAL DELIVERIES FEB TRADING
WE HAVE GAINED A VERY STRONG TOTAL OF 14.258 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR FEB (184.40TONNES) ON FIRST DAY NOTICE.
FINAL STANDING FOR JANUARY
FINAL STANDING FOR JAN: 70.102TONNES + 43.206 TONNES EX FOR RISK = 113.310 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 HUGE GAIN IN PRICE TO THE TUNE OF $40.95
WE HAD 1850 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 12,408 CONTRACTS OR 124,800 OZ (38.59 TONNES)
confirmed volume THURSDAY 247,938 contracts: strong ///
//speculators have left the gold arena
END
I/ /// THE FEB 2025 GOLD CONTRACT
JAN 31
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | ONE WITHDRAWAL 1. Delaware: 1768.305 oz (55 kilobars) . |
| Deposit to the Dealer Inventory in oz | i) Into Brinks dealer: 115,743.600 oz 3600 kilobars ii) Into Loomis 5001.500 oz total dealer weight 130,745.100 oz or 4.066 tonnes of which we have 3.6 tonnes of “kilobars” |
| Deposits to the Customer Inventory, in oz | i)Into Brinks customer acct 117,351,150 oz (3650 kilobars) ii)into Malca: 59,768.709 oz 1859 kilobars iii into Manfra: 29,642.039 oz (922 kilobars) total customer weight: 206,766.898 oz 6.4313 tonnes total weight dealer and customer;: 10.4973 tonnes |
| No of oz served (contracts) today | 29,621 notice(s) 2,962,100 OZ 92.133 TONNES |
| No of oz to be served (notices) | 29,664 contracts 2,966,400 OZ 92.267 TONNES |
| Total monthly oz gold served (contracts) so far this month | 29,621 notices 2,962,100 oz 92.621 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: 2
i) Into Brinks dealer: 115,743.600 oz
3600 kilobars
ii) Into Loomis 5001.500 oz
total dealer weight 130,745.100 oz
or 4.066 tonnes of which we have 3.6 tonnes of “kilobars”
we have 3 customer deposits
i)Into Brinks customer acct 117,351,150 oz
(3650 kilobars)
ii)into Malca: 59,768.709 oz 1859 kilobars
iii into Manfra: 29,642.039 oz (922 kilobars)
total customer weight: 206,766.898 oz
6.4313 tonnes
total weight dealer and customer;:
10.4973 tonnes
withdrawals: 1
ONE WITHDRAWAL
ONE WITHDRAWAL
1. Delaware: 1768.305 oz
(55 kilobars)
adjustments:6/customer to dealer
i) out of Brinks 395,452.300 oz
ii) out of Delaware: 2981.300 oz
iii) out of Malca: 16,011.198 oz oz
iiii) Out of Manfra: 92,278.875 oz
v) Out of Int Delaware 10,636.400 oz
vi) Out of JPMorgan 32,118.849 oz
total adjusted customer to dealer 549,477.922 oz (17.091 tonnes)
thus basically what comes into eligible is transferred to dealer accounts and then out.
Inventory Pledged gold: 2.063 million oz or 6.6% of total inventory.
Inventory Enhanced gold: 5.661 million oz or 18.27% of total inventory
total gold inventory 30.980 million oz/
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR FEB.
For the front month of FEB: we have an oi of 59,285 contracts having LOST ONLY 18,460 contracts
Thus by definition, the initial amount of gold standing in this very active delivery month of February is as follows: A TOTAL MONSTER AMOUNT OF GOLD OZ/TONNES STANDING:
59,285 notices filed FOR 5,928,500 OZ
THUS TONNAGE STANDING IS 5928500 OZ DIVIDED BY 32,150 OZ = 184.40 TONNES OF GOLD.
I PROMISED YOU A GREATER THAN 100 + TONNES OF GOLD STANDING BUT I DID NOT EXPECT THIS AMOUNT. FEBRUARY TRADING WILL BE A SIGHT FOR SORE EYES AS MORE GOLD IS ACCUMULATED BY CENTRAL BANKERS.
MARCH HAD A GAIN OF 794 CONTRACTS UP TO 11,778
APRIL HAD A GAIN OF 21,202 CONTRACTS UP TO 401,677 CONTRACTS
We had 29,621 contracts filed for today representing 2,962,100 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 15,067 notices issued from their client or customer account. The total of all issuance by all participants equate to 29,261 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 7414 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for FEB /2025. contract month, we take the total number of notices filed so far for the month (29,621x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(59,285 CONTRACTS) minus the number of notices served upon today (29,621 x 100 oz per contract) equals 5,928,500 OZ OR 184.40 TONNES.
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (29,621 x 100 oz +we add the difference for front month of FEB (59,285 OI} minus the number of notices served upon today (29,621 x 100 oz) which equals 5,928,500 oz (184.40 TONNES)
TOTAL COMEX GOLD STANDING FOR FEB.: 184.40 TONNES WHICH IS HUGE FOR THIS ACTIVE DELIVERY MONTH IN THE CALENDAR AND THIS IS THE HIGHEST EVER RECORDED FOR ANY FEBRUARY AND THE HIGHEST FOR ANY MONTH FOR THAT MATTER IN COMEX HISTORY!!
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: 2,054,807.171 oz 63.911 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 31,316.204.648 oz
TOTAL REGISTERED GOLD 14,145,968.591 or 439.999 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 17,170,736.057 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 12,091,161 oz (REG GOLD- PLEDGED GOLD)= 376.08 tonnes //
JPMorgan enhanced inventory is now down to 676,159 oz or 32.77% of entire enhanced inventory
total enhanced inventory; down to 2.063 million oz
END
SILVER/COMEX
JAN 31. 2025
INITIAL
// THE FEB 2025 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | i) Into Delaware 1946.100 oz ii) Into Loomis; 1203.980.100 oz total weight: 1205, 926.210 oz |
| Deposits to the Dealer Inventory | i) Into Brinks dealer 643,036.320 oz |
| Deposits to the Customer Inventory | 3. i) Into Brinks 1,484,246.193 oz ii) Into Delaware 9001.661 oz iii) Into JPMorgan 1,167,492.500 oz total deposit 2,660,740.354 oz |
| No of oz served today (contracts) | 1306 CONTRACT(S) (6,530,000 OZ) |
| No of oz to be served (notices) | 715 contracts (3.575 MILLION oz) |
| Total monthly oz silver served (contracts) | 1306 Contracts (6.530 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) 1dealer deposit/
i) Into Brinks dealer 643,036.320 oz
total dealer deposit : 643,036.320 oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:3//customer acct
i) Into Brinks 1,484,246.193 oz
ii) Into Delaware 9001.661 oz
iii) Into JPMorgan 1,167,492.500 oz
total deposit 2,660,740.354 oz
xxxxxxxxx
withdrawals 2:
i) Into Delaware 1946.100 oz
ii) Into Loomis; 1203.980.100 oz
total weight of withdrawals:
1205, 926.210 oz
ADJUSTMENTs 3
all customer to dealer:
i) Out of Brinks 801,906.400 oz
‘ii) Out of CNT 688,799.592 oz
iii) Out of JPMorgan 5,723,064.100 oz
total adjustment 7,213,770.092
JPMorgan has a total silver weight: 144.898million oz/355.824million or 40.84%
TOTAL REGISTERED SILVER: 81,988 MILLION OZ//.TOTAL REG + ELIGIBLE. 355.824 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2024 OI: 2021 OPEN INTEREST CONTRACTS FOR 10,105,000 OZ FOR A LOSS OF ONLY 175 CONTRACT(S).
THUS BY DEFINITION, THE INITIAL AMOUNT OF SILVER STANDING IN THIS NON ACTIVE DELIVERY MONTH OF FEBRUARY IS AS FOLLOWS:
2021 NOTICES X 5000 OZ PER NOTICE
EQUALS
10,105,000 OZ.
MARCH SAW A GAIN OF 3215 CONTRACTS UP TO 122,446. 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.
MAY SAW A GAIN OF 911 CONTRACTS UP TO 29,826 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1306 for 6.530 MILLION oz
CONFIRMED volume; ON THURSDAY 74,655 fair//
To calculate the number of silver ounces that will stand for delivery in FEB. we take the total number of notices filed for the month so far at 1305x 5,000 oz = 6.530 MILLION oz
to which we add the difference between the open interest for the front month of FEB (2021) and the number of notices served upon today (1305)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 1305 Notices served so far) x 5000 oz + OI for the front month of FEB(2021)minus number of notices served upon today (1350)x 5000 oz equals silver standing for the FEB contract month equating to 10.105 MILLION OZ.
New total standing: 10.105 million oz.
There are 81,988 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 31 WITH GOLD UP $4.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 864.19 TONNES
JAN 30 WITH GOLD UP $40.95 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE DEPOSIT OF 4.30 TONNES OF GOLD INTO THE THE GLD ///INVENTORY RESTS AT 865.34 TONNES
JAN 29 WITH GOLD DOWN $6.25 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE DEPOSIT OF 4.02 TONNES OF GOLD INTO THE THE GLD ///INVENTORY RESTS AT 861.04 TONNES
JAN 28 WITH GOLD UP $23.05 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 3.16 TONNES OF GOLD OUT OF THE GLD //
JAN 27 WITH GOLD DOWN $36.05 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 5.17 TONNES OF GOLD OUT OF THE GLD ///
JAN 24 WITH GOLD UP $16.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 5.17 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 864.19 TONNES
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: 864.19 TONNES, TONIGHTS TOTAL
SILVER
JAN 31 WITH SILVER DOWN $0.19 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.369 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 448.881 MILLION OZ
jAN 30 WITH SILVER UP $0.76 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.003 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 451.249 MILLION OZ
jAN 29 WITH SILVER UP $0.34 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.639 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 453.252 MILLION OZ
jAN 28 WITH SILVER UP $0.34 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.821 MILLION OZ OUT OF THE SLV./. /
OZ
jAN 27 WITH SILVER DOWN $.61 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.64 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 457.395 MILLION OZ
JAN 24 WITH SILVER DOWN $.21 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.64 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 457.395 MILLION OZ
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 448.881 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….
end
3. CHRIS POWELL AND GATA DISPATCHES
What if the shortage of gold in London isn’t a tariff scare but … a shortage of gold?
Submitted by admin on Thu, 2025-01-30 23:34 Section: Daily Dispatches
11:38p ET Thursday, January 30, 2025
Dear Friend of GATA and Gold:
If reports this week from the Financial Times and Reuters are correct —
— there is a severe shortage of gold — the metallic kind rather than the paper kind — in the London market, caused by the desire of bullion banks to ship a lot of metal to the United States before President Trump imposes tariffs on imports of the monetary metals.
First is that gold is not a commodity or consumer good, the things Trump has been talking about subjecting to tariffs, but money in its highest form. Trump wants money to come to the United States for investment and purchase of U.S. production. Tariffs on imports of money make no sense.
If, as seems likely, the U.S. government has gold loan and swap obligations to meet, it would have another reason not to impede imports of monetary metal.
The second problem with the tariff scare scenario is that U.S. bullion banks and traders lately have had no trouble using New York Commodities Exchange futures contracts to obtain gold in London via the “exchange for physical” and “exchange for risk” mechanisms of fulfilling futures obligations. The bullion banks do gold business in both cities and gold can be sold for cash in London and the cash wired back to the United States.
Third, the reports say the Bank of England has been desperately lending metal from its vaults — presumably its own metal and the metal of other central banks — to help the bullion banks get metal for shipping to New York. But typically gold lending is a paper transaction in which IOUs, not actual metal, change hands. The IOUs are treated as the real thing but ordinarily the underlying metal never leaves the vault. For several years gold’s big trend in central banking has been repatriation of metal out of London and New York as nations don’t want to risk having their foreign-exchange assets frozen or confiscated by the United States or its allies. What central banks vaulting gold at the Bank of England these days would be giving permission for their metal to be moved even more distant from their control?
These considerations suggest another explanation for the gold shortage in London.
That is, what if the tariff panic stories are just more disinformation?
After all, both the Financial Times and Reuters reports were based on anonymous sources, precluding any accountability.
What if there really is just an ordinary shortage of gold? Or, to be more precise, what if there is a shortage of gold under U.S. and U.K. control relative to rising international demand for the safe-haven metal?
* * *
News reports and research by Jan Nieuwenhuijs of Money Metals Exchange and others — even the feckless World Gold Council — long have been telling of rising demand for metal, particularly in Asia. Russia, China, and the BRICS countries have been openly contemplating building gold into a new international trade currency system to escape from the seemingly infinite financial derivatives with which the United States has been rigging markets and creating infinite imaginary supplies of gold and silver. These countries may not be seeking to destroy the U.S. dollar but they are looking for a hedge against it.
If the fraudulent, derivatives-based Western gold market was breaking down at last, would it look much different than the situation reported in London this week?
And if gold were to be revalued by agreement among the major central banks — including the big recent acquirers of the metal — mightn’t revaluation be precipitated by a shortage of the metal in a major market?
Your secretary/treasurer long has thought that a revaluation would have to be accomplished in a flash — that is, on a Sunday night before the Asian markets opened — and that all major central banks would have to be participating in it. Nieuwenhuijs has produced evidence of official preparations for revaluation.
The record of central bank involvement in gold since the United States repudiated the Bretton Woods gold-exchange standard in 1971 shows central banks striving to prevent the gold market from getting ahead of them — that is, to prevent a genuinely free market in the monetary metal from developing at all:
But lately gold does seem to have been getting ahead of them, rising about 35% in dollar terms over the past year, and more in other currencies.
Meanwhile government and private debt has exploded in the United States, China, and other nations. China already may be in a depression.
Devaluing currencies is what governments do to inflate away debt.
The economists Paul Brodsky and Lee Quaintance hypothesized 13 years ago that central banks already were planning redistribution of official gold reserves as the prerequisite for devaluing their currencies, inflating their debts away, and coming out ahead with gold revaluation:
* * *
In recent editions of Kinesis Money’s “Live from the Vault” program on YouTube, London metals trader Andrew Maguire has presented gold price charts suggesting that a revaluation has been underway in the open for many months now, with steady “stairstep” increases in price, not the “disorderly” increases central bankers are said to hate, perhaps because they also hate free markets generally and free markets aren’t free if they aren’t sometimes “disorderly.” The stairsteps charted by Maguire indicate steady price management by central banks.
If the unidentified sources in this week’s FT and Reuters reports are telling the truth, the Bank of England has been trying desperately to keep managing the gold price by leasing large amounts of metal, which would be an indication that the central banks aren’t quite ready for revaluation. Of course maybe they’re only waiting for this Sunday night, or next.
Maybe they need a little more time for their bullion bank brokers to cover any remaining short positions so there will be no need for another messy bailout mechanism like the Bank of England’s gold sales in 1999, which brought great suspicion on the bank and prompted complaints of gold market manipulation.
In any case the bank’s reported intervention via gold leasing this week was a proclamation that the bank and probably the Federal Reserve and U.S. Treasury are still engaged in gold price suppression. How dishonest those who denied such suppression look now.
* * *
In a seven-minute video report today, GoldCore’s Jan Skoyles presumes the accuracy of the anonymous claims that the prospect of U.S. tariffs has scared much gold out of London to New York:
But even if the tariff story is a ruse, Skoyles draws the essential conclusion. No matter how much government tries to obscure it, gold remains at the center of the world financial system, the serene king of financial assets, and isn’t going away — at least not when you hold the real thing in your own hands or in a secure depository outside the banking system and avoid derivative and fractional-reserve gold.
So see you here Sunday night. “We must get a winner one day.”
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
end
Robert Lambourne: Amid London gold turmoil, monthly report from BIS is missing
Submitted by admin on Fri, 2025-01-31 13:37 Section: Daily Dispatches
By Robert Lambourne
Friday, January 31, 2025
The Bank for International Settlements in Basel, Switzerland, has not published its December 2024 statement of account during January 2025 as required by Article 49 of the bank’s statutes. This is unusual.
Given this week’s turmoil in the London gold market, with physical metal reportedly being rushed to the United States to beat the possible introduction of tariffs on gold, it seems quite a coincidence that the BIS report hasn’t been published on time.
As noted in GATA Secretary/Treasurer Chris Powell’s dispatch last night —
— there are reasons to question whether the reported sudden flow of gold to the U.S. is really due to concern about tariffs on gold imports.
Alternative explanations involving a possible controlled or uncontrolled ending of U.S. and U.K. gold price suppression policy are plausible. High debt levels in the world’s two largest economies are reason enough to believe that gold price suppression will end soon with currency and debt devaluation.
Is the failure by the BIS to meet its own deadlines today another sign that events in the London gold market are being caused by more than concern about U.S.tariffs? Or is the failure of the bank to report on schedule something else?
Maybe things will be clearer soon. In the meantime you might want to hold on tight to your gold.
—–
Robert Lambourne is a retired business executive in the United Kingdom who consults for GATA about the involvement of the Bank for International Settlements in the gold market and about U.S. government debt.
* * *
4. ANDREW MAGUIRE A MUST MUST VIEW…YOUTUBE/KINESIS LIVE FROM THE VAULT 208
| Chris Powell | 11:36 AM (1 hour ago) |  | |
| to me | |||
—–
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
USA
Office: 860-646-7383
Mobile: 860-305-4013
end
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING FRIDAY MORNING THURSDAY NIGHT
SHANGHAI CLOSED
//Hang Seng CLOSED
// Nikkei CLOSED UP 58.32 OR 0.15%//Australia’s all ordinaries CLOSED UP 0.59%
//Chinese yuan (ONSHORE) CLOSED XXXX CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2954// Oil UP TO 72.98dollars per barrel for WTI and BRENT DOWN AT 75.98 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING XXXX LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
END
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED
OFFSHORE YUAN: DOWN TO 7.2954
SHANGHAI CLOSED CLOSED
HANG SENG CLOSED CLOSED
2. Nikkei closed UP 58.52 OR 0.15%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 108.07 EURO FALLS TO 1.0392 DOWN 5 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.2430 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 154.83…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: XXX 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 UP for WTI and DOWN FOR UP this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.4850 Italian 10 Yr bond yield DOWN to 3.5740 //SPAIN 10 YR BOND YIELD DOWN TO 3.135
3i Greek 10 year bond yield UP TO 3.343
3j Gold at $2806.50 /Silver at: 31.67 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 1/100 roubles/dollar; ROUBLE AT 98.49
3m oil into the 72 dollar handle for WTI and 75 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 154.83 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.240% 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 0.9047 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9497 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: 4.5021 UP 1 BASIS PTS…
USA 30 YR BOND YIELD: 4.772. UP 1 BASIS PTS/
USA 2 YR BOND YIELD: 4.210 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.87…
10 YR UK BOND YIELD: 4.5905 UP 3 PTS
10 YR CANADA BOND YIELD: 3.131 UP 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.798 DOWN 4 PTS.
2a New York OPENING REPORT
Futures Rise After Apple Boosts Sentiment; Looming Trump Tariffs Send Gold To All Time High
8:19 AM
US equity futures are higher this morning on the last day of a volatile week, amid healthy earnings results post market close yesterday. As of 8:00am, S&P futures are up 0.5%, while Nasdaq futures gain 0.8% with AAPL up +3.5% after first sliding after disappointing iPhone sales only to reverse losses on the company’s (rather modest) guidance; Intel gained +1.4% as results were better-than-feared while Mag7 stocks were mostly higher (GOOGL +0.5%, AMZN +0.9%, AAPL +4%, MSFT +1%, META +0.5%, NVDA -1% and TSLA +0.2%). Europe’s Stoxx 600 index headed for its best month in two years as strong earnings reports burnished the appeal of the region’s stocks over pricier Wall Street equities. As we get closer to the Feb 1 deadline, headlines on Trump’s tariffs took the central stage. Trump’s reiteration of the 25% tariffs on Canada/Mexico led to some volatility yesterday, but the markets quickly rebounded and still managed to finish in the green. 10Y treasury yields were flat at 4.52% while the dollar gained ahead of President Donald Trump’s weekend tariff announcement. Today, key macro focus will be December PCE and Energy earnings (XOM and CVX).
In premarket trading, Apple rose 4% after the iPhone maker gave a modestly better-than-expected outlook (it guided single digit growth in sales, which probably is better than guiding to a contraction), helping to offset disappointing iPhone and China revenue in its first-quarter results. Chevron (CVX) declines 1% as profit underperformed expectations amid shrinking crude prices and fuel-making margins. Intel (INTC) rises 1.4% after the chipmaker reported fourth-quarter results that were better than investors expected as it navigates a difficult return to competitiveness. Here are some other notable premarket movers:
- AST SpaceMobile (ASTS) rises 6% after the company said that the Federal Communications Commission has granted it special temporary authority permitting testing service in the US with partners AT&T and Verizon Communications.
- Atlassian (TEAM) surges 20% after the software company reported second-quarter results that beat expectations and raised its full-year forecast.
- Autoliv (ALV) slips 2% after the seatbelt manufacturer’s 4Q sales fell short of estimates.
- Baker Hughes (BKR) rises 1.5% after the oil field services firm’s earnings beat estimates, with analysts saying this was impressive given the high bar as shares have risen 56% over the past 12 months.
- Boot Barn (BOOT) falls 7% after providing a fiscal 4Q profit forecast range with a midpoint that falls short of estimates.
- Cipher Mining (CIFR) jumps 11% after the Bitcoin mining company announced a $50 million PIPE investment from SoftBank that will support the high-performance computing business.
- Deckers Outdoor (DECK) slumps 14% after the footwear and apparel firm’s fiscal-year revenue forecast fell short of Wall Street expectations. Other footwear stocks trade lower: ON Holding (ONON) -2%, Crocs (CROX) -0.9%
- Vertex (VRTX) climbs 4% after the biotech’s non-opioid analgesic Journavx received FDA approval for moderate-to-severe acute pain in adults.
- Viavi (VIAV) surges 19% after the company’s net revenue forecast for the third quarter beat analysts’ estimates.
- Visa (V) gains 1.8% after the payments network company reported first-quarter adjusted earnings per share that were ahead of estimates.
- Walgreens Boots Alliance (WBA) falls 11% after the drugstore retailer suspended its quarterly dividend to conserve cash and strengthen its balance sheet.
Investors are starting to come around to the European region, and Bank of America’s Michael Hartnett recommended diversifying away from the big tech stocks that underpinned last year’s US outperformance. Meanwhile, Trump is poised to unleash his first wave of tariffs on Canada and Mexico on Saturday, taking a gauge of dollar strength toward its best week since mid-November. The cost of hedging against price swings in the Canadian dollar over the next week rose to its highest level since October 2022 in anticipation of greater currency volatility.
“Markets are being too simplistic about Trump,” said Daniel Loughney, head of fixed income at Mediolanum International Funds Ltd. “We feel he will negotiate and threaten, but there will also be carrots.”
In economic data, investors will be watching the latest core price index numbers from the US, the Fed’s preferred inflation gauge, which is expected to pick up slightly in December. Meanwhile, the tech-sector concerns about competitive threats from China, which dominated at the start of the week, showed signs of abating. Reports from some of the largest technology companies in the US have proved resilient, helping stocks recover after Chinese startup DeepSeek shook up markets with its cheaper AI model.
Europe’s Stoxx 600 index headed for its best month in two years as strong earnings reports burnished the appeal of the region’s stocks over pricier Wall Street equities. The European benchmark was set for a 6.5% jump in January amid robust corporate results, European Central Bank easing and speculation the region can avoid US tariffs. Stoxx 600 rose 0.5% on Friday with tech and healthcare are the biggest gainers, while real estate and telecoms are the only declining sectors. Here are some of the biggest movers on Friday:
- Novartis shares rise as much as 3.6% after the Swiss drugmaker reported better-than-expected profit and sales for the fourth quarter and forecast both operating income and net sales growing in 2025.
- Smiths Group shares rise as much as 17%, hitting a record high, after the company announced plans to unlock value by selling two divisions while increasing the size of its buyback.
- Ferragamo shares rise as much as 11% after the Italian luxury goods maker’s fourth-quarter revenue beat expectations, with analysts positive on signs of a turnaround.
- ALK-Abello shares rise as much as 8.2%, the most in more than five months, after Jefferies upgraded the stock to buy from hold, citing optimism about the Danish allergy drugmaker’s growth profile.
- Atoss Software shares gain as much as 6.5%, the most since July, after full-year results from the German workforce management solutions firm surpassed expectations, with analysts highighting margin strength.
- Sanofi shares rise as much as 1.1% after the French firm was upgraded to hold from sell at Deutsche Bank, which sees a “diminishing number of reasons to remain outright cautious” following the drugmaker’s 4Q results.
- Umicore shares fall as much as 7.9% after Kepler Cheuvreux downgraded the Belgian chemicals company to hold from buy, saying the upcoming capital markets day is unlikely to reassure investors about the return objectives of the battery materials business.
- Mexico-Exposed European stocks are underperforming broader markets in Europe on Friday as US President Donald Trump is set to impose tariffs on goods from the country.
- Crayon falls as much as 15%, the most since November 2023, after the Norwegian software and IT firm published preliminary full-year figures that fell short of the company’s own guidance.
- UK Housebuilders are underperforming on Friday after Nationwide Building Society’s report showed house prices stagnated at the start of 2025, suggesting the property market could finally be succumbing to high borrowing costs.
- Elisa shares decline as much as 5.6% after the telecom firm gave tepid guidance for the year, citing a stalling Finnish economy, competition in the domestic market and uncertainties around Russia’s war in Ukraine.
Earlier in the session, Asian equities slip, dragged by losses in Korean tech shares catching up with concerns about the artificial intelligence market after extended holidays. The MSCI Asia Pacific Index fell as much as 0.3%, with AI-trade beneficiary SK Hynix dropping 10%, and Samsung Electronics falling after missing profit expectations. Even with the recent concerns over the impact of DeepSeek’s cheap AI model, the regional benchmark is on track to post a gain for the Lunar New Year week, and its first monthly advance since September. The weakness in Korean memory chipmakers comes after the global selloff sparked by DeepSeek earlier this week. While the Seoul bourse reopened after a four-day holiday, markets remain closed in mainland China, Hong Kong, Taiwan and Vietnam.
In FX, the dollar gained ahead of President Donald Trump’s weekend tariff announcement; the Bloomberg Dollar Spot Index rises 0.2%. The yen underperforms with a 0.3% fall, while the euro slumped as well.
In rates, 10-Y Treasuries fell on bets the potential tariffs could spur inflation and keep interest rates high, while gold was on track for its best month since March as the danger of a trade war spurs haven demand. Long-end Treasury yields are ~1bp cheaper on the day following US President Trump’s late-Thursday repeated pledge of 25% tariffs on imports from Canada and Mexico on Feb. 1, with short-end little changed. US 10-year yield, up 1.2bp at 4.52%, underperforms Germany’s by 5bp, UK’s by 2.5bp; 2s10s and 5s30s spreads are ~1bp wider, near Thursday’s highs. European rates outperform, led by Germany’s, where soft regional inflation gauges unleashed a curve-steepening rally. Focal points of US session include December personal income and spending data including PCE price indexes and a speech by Fed Governor Bowman.
In commodities, oil prices are little changed, with WTI at $72.70. Commodity markets are pricing in elevated odds that crucial raw materials like oil will be included in sanctions against Canadian imports, Goldman Sachs said.
Spot gold surged to a new record high above $2800 and is now in a fast track to hit $3000 over the next few months.
The US economic data calendar includes 4Q employment cost index and December personal income and spending (8:30am) and January MNI Chicago PMI (9:45am, several minutes earlier to subscribers). Fed’s Bowman speaks on the economy and banks at 8:30am
Market Snapshot
- S&P 500 futures up 0.5% to 6,128.00
- STOXX Europe 600 up 0.6% to 542.02
- MXAP little changed at 184.07
- MXAPJ down 0.1% to 576.11
- Nikkei up 0.1% to 39,572.49
- Topix up 0.2% to 2,788.66
- Hang Seng Index up 0.1% to 20,225.11
- Shanghai Composite little changed at 3,250.60
- Sensex up 0.9% to 77,462.05
- Australia S&P/ASX 200 up 0.5% to 8,532.30
- Kospi down 0.8% to 2,517.37
- German 10Y yield little changed at 2.47%
- Euro down 0.2% to $1.0373
- Brent Futures down 0.2% to $76.75/bbl
- Gold spot up 0.1% to $2,796.29
- US Dollar Index up 0.48% to 108.32
Top Overnight News
- President Trump’s advisers are considering several offramps to avoid enacting the universal tariffs on Mexico and Canada that he had pledged, even as he reiterated Thursday that the tariffs are coming. Some officials are now concerned about using emergency powers for tariffs after a federal judge earlier this week temporarily blocked a White House Office of Management and Budget memo that sought to freeze federal grants and loans. WSJ
- US President Trump said China is going to end up paying a tariff as well.
- US President Trump posted on Truth Social that the US will require commitment from BRICS countries to neither create a new BRICS currency nor back any other currency to replace the mighty US Dollar or they will face 100% tariffs.
- US officials are probing whether DeepSeek dodged export curbs on advanced Nvidia chips by buying them through third parties in Singapore, people familiar said. Bloomberg Intelligence said scrutiny probably won’t dent China’s AI progress as it boosts supplies from Huawei. Samsung won approval to supply a less-advanced AI chip to Nvidia for the Chinese market, people familiar said. Shares in rival supplier Micron dipped premarket. BBG
- Japan’s Tokyo CPI for Jan was very hot on the headline at +3.4% (vs. the Street +3%) although core was inline at +1.9% (up slightly from +1.8% in Dec). WSJ
- Underlying inflation in Japan is still slightly below the central bank’s target of 2%, Bank of Japan Gov. Kazuo Ueda said, underlining that it is in no hurry to raise interest rates. WSJ
- France’s CPI for Jan runs slightly cooler at +1.8% (flat vs. Dec and below the Street’s +1.9%). WSJ
- German regional CPIs show a sharp cooling in Jan in certain cases, including Bavaria (+2.5% vs. +3% in Dec), Saxony (+2.4% vs. +3.2% in Dec), Baden Wuerttemberg (+2.3% vs. +2.6% in Dec), and North Rhine Westphalia (+2% vs. +2.5% in Dec). BBG
- Vertex Pharmaceuticals (VRTX) +8% in pre-mkt on light volume following FDA approval of Journavx, an oral, non-opioid painkiller. BBG
- The SEC approved part of an application for a novel ETF that would track the two largest cryptocurrencies, Bitcoin and Ethereum. BBG
- Apple climbed premarket (+3.5%) after reassuring investors that sales will rise in the low- to mid-single digits in the current quarter. Its Greater China revenue and iPhone sales missed. Evercore said the results show Apple can manage the China headwinds with growth elsewhere. BBG
- Buybacks… GS corporate repurchase window opened this Monday with ~28% of the corporate window open today, ~45% next Monday, and 60% by the end of next week (2/7). This demand dynamic switches on in full force next week. GS corporate trading team estimates a record ~$1.16 Trillion worth of executions in 2025 (including S&P and R3000). I use the word “Trillions” a lot. There are 250 trading days in 2025: this is $4.64 Billion per day on average days. This jumps up to ~$7 Billion during open window and drops to ~$3 Billion during closed windows.
A more detailed look at global markets courtesy of Newsquawk
Asian stocks were mostly higher but with gains capped at month-end and as participants digested earnings and tariff threats. ASX 200 printed a fresh all-time high with the index led by strength in gold miners and tech although the defensive sectors lagged. Nikkei 225 remained afloat albeit with momentum restricted by a choppy currency and a slew of earnings. KOSPI underperformed on return from the holiday closure with tech names pressured as SK Hynix got its first opportunity to react to the DeepSeek debacle and Samsung Electronics was also negative despite better-than-expected earnings for Q4 as it provided a pessimistic view for the current quarter.
Top Asian News
- Kalyan Ups Investor Outreach as Social Media Chatter Roil Shares
- RBI Injects $5.10 Billion Via Currency Swap to Ease Cash Crunch
- Asian Stocks Drop as Korean Tech Shares Fall After Holidays
- Philippines’ Stock Benchmark Plunges 4%, Enters Bear Market
- Gold Hits Record High as Trump Tariff Threats Aid Haven Demand
- Philippines’ Marcos Seeks Reassurances From Trump Over Alliance
European bourses (Stoxx 600 +0.5%) opened modestly firmer and continued to edge higher as the session progressed, with indices generally near highs. Overnight, a turnaround in futures began around the time the WSJ posted an article which suggested that the US administration could announce new tariffs by Saturday, but with a grace period to allow for negotiations (the grace period was not initially touted). European sectors opened mixed but now hold a strong positive bias. Tech is the outperformer today, with sentiment in the sector lifted by post-earning strength in Apple, which is higher by around 3.5% in US pre-market trade. Healthcare takes the second spot, lifted by post-earning strength in Novartis (+3.3%). US equity futures are mixed, with the RTY (-0.1%) marginally in the negative territory whilst the tech-heavy NQ (+0.6%) outperforms following results from Apple and Intel (details below).
Top European News
- ECB’s Muller says rates are nearing the point where they will not curb investment, via Bloomberg
- ECB’s Rehn says “we are confident that inflation will stabilise at its target as projected and monetary policy will cease to be restrictive in the near future”; estimates during the spring and summer.The pace and magnitude of rate cuts will be decided separately at each meeting
- ECB Consumer Expectations Survey (Dec): See inflation in next 12 months at 2.8% vs. Exp. 2.7% (prev. 2.6%); 3y ahead sees 2.4% (prev. 2.4%)
- ECB Survey of Professional Forecasters; sees 2025 inflation at 2.1% (prev. 1.9%); 2026 1.9% (prev. 1.9%), 2027 2.0%
Earnings Summary
- Apple (AAPL) +3.5% pre-market: Q1 revenue rose 4%, but iPhone sales missed expectations, and China sales fell; Mac and iPad sales improved, while wearables declined. The strong growth in its services segment supported its rise afterhours
- Intel (INTC) +1.4% pre-market: Better-than-expected Q4 earnings, though it issued weak guidance, citing seasonality and competition.
- Chevron Corp (CVX) -0.1% pre-market: Q4 EPS missed though revenue beat, announced USD 1.115bln impairment.Announces a 5% increase in Quarterly dividend
- Novartis (NOVN SW) +3.1%: Beat, lifts dividend, requests extended buyback authorisation.
- Samsung Electronics (005930 KS) -2.4%: Forecast slow sales for its AI chips in Q1 due to US export restrictions on China, and struggles to meet Nvidia’s (NVDA) requirements, while also forecasting limited earnings growth amid weak memory chip demand.
FX
- DXY is extending on the upside seen yesterday following comments from US President Trump that he will put a 25% tariff on Canada and Mexico because of fentanyl, and stated that China is going to end up paying a tariff as well. It is worth noting that there was a more conciliatory piece overnight in the WSJ noting that the US Administration could announce new tariffs by Saturday, but with a grace period before implementation to allow for negotiation. For today’s docket, focus will be on monthly PCE metrics for December, which follows yesterday’s quarterly print. DXY has been as high as 108.37 with the next target coming via the 23rd Jan high at 108.51.
- EUR/USD is lower for a fourth consecutive session as the dust settles on yesterday’s widely-expected 25bps rate cut from the ECB. Sources in the wake of the meeting revealed that if the GC delivers another 25bps cut in March,it will likely drop the “restrictive” reference to rates. Additionally on the inflation front, French CPI came in softer-than-expected whilst the regionals from Germany appear to be cooler than consensus for the mainland print at13:00GMT. EUR/USD has been as low as 1.0366; lowest since 21st January.
- JPY is softer vs. the USD with havens generally lagging vs. the USD. Overnight saw a deluge of data from Japan whereby headline Tokyo CPI came in firmer than expected, core in-line, IP and retail sales Y/Y beat. USD/JPY currently sits within yesterday’s 153.78-155.23 range.
- GBP is slightly softer vs. the USD as UK-specific newsflow remains light in the run up to next week’s BoE rate decision and MPR. GBP/USD has just slipped below the bottom end of yesterday’s 1.2407-67 range with the next downside target coming via the 1.2392 low.
- Antipodeans are both firmer vs. the USD and attempting to claw back some of the losses from Trump’s aforementioned tariff rhetoric yesterday.
Fixed Income
- USTs are in the red, weighed on by the latest Trump-tariff rhetoric. Action which has propped up yields stateside with the short-end leading ever so slightly given the potential near-term tariff implications of any measures. Action which took USTs to a 108-31 trough in the early European morning. However, the complex began to make its way gradually off lows as no late-Thursday announcement came from POTUS as some had guided us towards. Additionally, a WSJ sources piece implied that officials are working to find a way to dial-back the tariff rhetoric/situation. US PCE due.
- EGBs derived a bid from the Prelim. French HICP figures which came in cooler than expected. Thereafter, cooler German State CPIs than implied by the forecasts for the 13:00GMT mainland release alongside a cut to the growth view in the ECB SPF sparked a dovish reaction, though perhaps somewhat capped by a jump in EBC SCE inflation views. Specifically, Bunds lifted from just below the 132.00 handle to a 132.45 session high over the course of five/six minutes vs current 132.30.
- Gilts moved in tandem with peers throughout the morning. Began the session with very modest upside, as the dovish impulse from the French data and general UST pickup off lows served to offset bearish pressure from the Trump tariff updates. Gilts currently around 92.60.
Commodities
- Crude benchmarks find themselves at session lows though the pressure is only modest thus far, WTI and Brent at the trough of USD 72.63-49/bbl and USD 75.69-76.44/bbl bands. Focus of course on the tariff situation and in particular Trump’s remark that he would be deciding by Thursday (i.e. yesterday) on whether or not to impose tariffs on oil on Canada and Mexico.
- Gold made fresh record highs above the USD 2800.00/oz mark. Thus far, has eclipsed the figure by exactly one dollar. Upside which has been driven despite the USD strength and overnight yield advances.
- Base metals are mixed, albeit with a slight downward bias; price action has been relatively rangebound with 3 LME copper within a USD 9,068-9108.80/oz range.
- Russian gas supplies to Europe via Turkstream pipeline have reached record monthly high of more than 50mcm per day in January
- Oman Crude OSP calculated at USD 80.26/bbl for March, up USD 7.10 vs Feb
- Kaztransoil says Kazakhstan plans to supply 22,000 T of oil from Kashagan field via Baku-Tbilisi-Ceyhan pipeline in January.
- Ukraine’s Military says it struck an oil refinery in Russia’s Volgograd region, causing a fire.
- Commerzbank sees upside potential for Palladium prices, expects it to rise to USD 1150/oz by end-2025
Geopolitics
- Lebanese media Al Mayadeen posted on X that Israeli warplanes struck several areas on Lebanon’s eastern border with Syria which it stated marked another set of blatant violations of the ceasefire agreement.
- US military said it killed a senior operative of Al-Qaeda affiliate terror group Hurras Al-Din in northwest Syria.
- Israeli PM Netanyahu “will hold security consultations today to discuss the possibility of stopping the deal and the possibility of returning to fighting immediately”, according to Al Jazeera.
US Event Calendar
- 08:30: Dec. Personal Income, est. 0.4%, prior 0.3%
- Dec. Personal Spending, est. 0.5%, prior 0.4%
- Dec. Real Personal Spending, est. 0.3%, prior 0.3%
- Dec. PCE Price Index MoM, est. 0.3%, prior 0.1%
- Dec. PCE Price Index YoY, est. 2.6%, prior 2.4%
- Dec. Core PCE Price Index YoY, est. 2.8%, prior 2.8%
- Dec. Core PCE Price Index MoM, est. 0.2%, prior 0.1%
- 08:30: 4Q Employment Cost Index, est. 0.9%, prior 0.8%
- 09:45: Jan. MNI Chicago PMI, est. 40.0, prior 36.9
DB’s Jim Reid concludes the overnight wrap
It’s a sad day today. My 5 year fixed mortgage at 1.45% runs out. If you’ve seen UK yields recently you know what comes next. While I reduce the kids pocket money tonight to help offset the sizeable increase, we come to the end of a frantic week, and month end, with a busy couple of days still ahead with US core PCE and European inflation data today and a self imposed tariff deadline from Trump to Canada and Mexico tomorrow.
This latter topic moved back to the top of investors’ attention late in the US session yesterday as Trump said that he plans to follow through on his threat to impose 25% tariffs on Feb 1, saying that “we’ll be announcing the tariffs on Canada and Mexico for a number of reasons”, citing trade deficits, immigration and fentanyl flows. In the context of fentanyl, Trump also again raised the prospects of new tariffs on China. Trump’s comments did leave an open question on the exact scope of tariffs to be announced, notably saying he was still considering whether Canadian oil would be exempted. We’ll have to wait and see just what measures are implemented, or indeed if last minute concessions might yet be reached, or if the most aggressive tariffs are short lived. But it does look less likely that Feb 1st will pass with no tariff action and the exact approach may be instructive for how the new administration are going to approach the tariff question more broadly. I mentioned at the start of the week that Mr Trump has to follow through on some of his threats or he will lose some negotiating power.
Markets again showed that they’re reactive to tariff headlines even if only a relatively mild tariff agenda is broadly priced in. The most persistent reaction last night came in FX, with the broad dollar index trading +0.38% above yesterday’s European close as I type, while the Mexican peso and Canadian dollar closed -1.05% and -0.46% weaker respectively. Trump’s comments also drove a broader risk-off reaction, though this proved mostly short-lived as the exact scope of the tariff threat remained unclear. The S&P 500 fell from trading up +0.7% to being flat on the day, but then recovered to close +0.53% higher. Traditional US automakers were particularly affected, with GM and Ford initially slumping by -6% and -2% respectively, though they reversed about half of the drop by the close.
The other main event overnight were Apple’s results after the bell. The world’s most valuable company (taking over from Nvidia on Monday) delivered a marginal earnings and sales beat, with disappointing iPhone sales and China revenues offset by strong growth in the company’s services division. On the whole, investors appeared reassured by guidance that revenue growth is expected in the low- to mid-single digits in the coming quarter, with Apple’s shares rising 3% in after-market trading after retreating -0.74% in the regular session yesterday. This morning in Asia, S&P 500 (+0.24%) and NASDAQ 100 (+0.54%) futures are higher with the former exactly where it was now before the tariff headlines last night.
Notwithstanding the tariff-driven volatility late in the US session, markets put in a solid performance yesterday, with the S&P 500 (+0.53%) seeing 413 stocks advance, whilst gold prices (+1.28%) closed at a record high of $2,74.59/oz. That was supported by a robust set of US data, which showed the economy rounded out 2024 in decent shape, whilst the weekly jobless claims also came in beneath expectations. However, it was a very different story in Europe, where data showed the German and French economies contracted in Q4, whilst the Euro Area as a whole was stagnant. Yet despite the clear divergence in economic outcomes, European assets still put in the much stronger performance yesterday, with the STOXX 600 (+0.86%) up to another record.
Looking at the US data in more detail, Q4 GDP growth came in at an annualised pace of +2.3% (vs. +2.6% expected), whilst the full-year number for 2024 was at +2.8%, just a tenth beneath the +2.9% rate in 2023. So there was little in the way of obvious warning signs, and the inflation numbers were broadly as expected too, with core PCE running at a +2.5% rate. At the same time, there were fresh signs that the labour market was still strong into 2025, with the weekly initial jobless claims down to 207k in the week ending January 25 (vs. 225k expected). Moreover, that pushed the 4-week moving average down to 212.5k, which is its lowest level since April.
This helped US equities advance, with broad positive sentiment outweighing lingering concerns around big tech. The overall positivity saw the equal-weighted S&P 500 rise +1.03% on the day, whilst the small-cap Russell 2000 was up a similar +1.07%. On the other hand, the Magnificent 7 underperformed (+0.04%). This was mainly because of Microsoft’s decline (-6.18%) following its earnings the previous day, but there was also heightened volatility for Nvidia, which at one point was down -4.5% to within a percent of its Deep Seek inspired lows from Monday, but recovered to close +0.77% higher on the day. Separately, UPS (-14.11%) posted its worst daily performance since it went public in 1999, after its revenue forecast for 2025 fell short of analysts’ expectations. In the meantime, US Treasuries posted modest gains, with the 10yr yield ending the day down -1.3bps to a new 2025 low of 4.52%. They are back to 4.54% overnight.
Over in Europe, the main story was the ECB’s latest decision yesterday, where they delivered a 25bp rate cut as expected. That took their deposit rate down to 2.75%, meaning that they’ve now cut by a total of 125bps since they began last June. Looking forward, it was clear that further cuts were on the agenda, as the statement still described monetary policy as “restrictive”, and President Lagarde said “we are not at the neutral rate”. However, Lagarde didn’t want to signal how long they’d keep cutting for, saying that “it would be premature at this point in time to talk about the point where we have to stop”. Our European economists did not see anything in yesterday’s press conference to suggest that a “skip” has become more likely at the upcoming meetings. They maintain a baseline of 25bps continuing through H1, predicated on their view of below-trend growth and inflation falling moderately below target. Later in the day, we did hear some more hawkish ECB sources stories suggesting that ECB could drop the description of stance as “restrictive” at the next meeting in March and that some of the policymakers were open to the possibility of a pause by the April meeting.
European bonds rallied across the continent, with yields on 10yr bunds (-6.6bps), OATs (-5.8bps) and BTPs (-6.3bps) all falling. However, much of the decline in yields came earlier on after data showed that major economies saw weaker growth than expected in Q4, which added to the sense that the ECB would have to keep cutting rates in the months ahead. For example, the German economy contracted by -0.2% (vs. -0.1% expected), while France contracted by -0.1% (vs. 0.0% expected). In turn, that meant the Euro Area as a whole saw no growth in Q4 (vs. +0.1% expected). But despite the weak growth momentum, European equities continued to rally, with the STOXX 600 up +0.86% to a new record high. In fact, that now brings its YTD gains for 2025 up to +6.15%, which means it’s already surpassed the +5.98% gain it made in 2024.
Elsewhere in Europe, we’re now just over three weeks away from the German election, which is taking place on February 23. Our German economics team published an interesting blog on the campaign yesterday (link here), where they write how the campaign has become more heated and fraught in the last week. That comes after the CDU tabled a plan for a material tightening of German migration policy, which passed with the votes of the AfD, marking the first time that a centrist party has submitted a motion implicitly relying on AfD support. They point out how these events could cause a material shift in the polls, and challenge mutual trust between the Conservatives and the SPD and the Greens, thus challenging the cohesion of the next coalition from the start.
In Asia, the Nikkei (+0.26%) and the S&P/ASX 200 (+0.55%) are trading higher while the KOSPI (-1.21%) is trading sharply lower following a four-day break after index heavyweight – Samsung Electronics reported a smaller-than-expected profit. Elsewhere, markets in mainland China and Hong Kong remain closed for the Lunar New year holiday.
Early morning data showed that retail sales in Japan surged at its fastest pace since June 2024, jumping +3.7% y/y in December (v/s +3.2% expected), much higher than the +2.8% increase in the previous month. Meanwhile, industrial output rebounded +0.3% m/m in December (v/s +0.2% expected), picking up from the -2.2% contraction seen in the previous month. Separately, Tokyo CPI, excluding fresh food, rose +2.5% y/y in January, compared with +2.4% the previous month. This was is in line with Bloomberg estimates. Japan’s unemployment rate for December fell to 2.4% from 2.5% in the previous month (2.5% expected). Australia’s PPI rose +3.7% through the year to the December 2024 quarter. This is the lowest reading since the December 2021 quarter.
To the day ahead now, and data releases from the US include PCE inflation for December, the Employment Cost Index for Q4, and the MNI Chicago PMI for January. Meanwhile in Europe, there’s the German and French CPI prints for January, and in Germany we’ll also get December’s retail sales and January’s unemployment. From central banks, we’ll hear from the Fed’s Bowman and the ECB’s Villeroy. Finally, earnings releases include ExxonMobil.
2B) EUROPEAN REPORT
DXY mixed ahead of PCE, NQ bid with AAPL +3.5% pre-market, Bunds outperform on soft state CPIs – Newsquawk US Market Open
Friday, Jan 31, 2025 – 05:37 AM
- European bourses gain, NQ outperforms with AAPL +3.5% in the pre-market after strong growth in services segment.
- USD mixed vs. peers ahead of core PCE; JPY underperforms.
- Fixed benchmarks bounce on cool German State CPIs, which has led to outperformance in Bunds.
- Crude pares initial premia awaiting updates from Trump regarding tariffs on Canada/Mexico oil.
- Looking ahead, German CPI, US PCE, Employment Costs, Canadian GDP (Q4), German Credit Rating, Comments from Fed’s Bowman, Earnings from Exxon, AbbVie, Colgate-Palmolive, LyondellBasell & Phillips 66.
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EUROPEAN TRADE
EQUITIES
- European bourses (Stoxx 600 +0.5%) opened modestly firmer and continued to edge higher as the session progressed, with indices generally near highs. Overnight, a turnaround in futures began around the time the WSJ posted an article which suggested that the US administration could announce new tariffs by Saturday, but with a grace period to allow for negotiations (the grace period was not initially touted).
- European sectors opened mixed but now hold a strong positive bias. Tech is the outperformer today, with sentiment in the sector lifted by post-earning strength in Apple, which is higher by around 3.5% in US pre-market trade. Healthcare takes the second spot, lifted by post-earning strength in Novartis (+3.3%).
- US equity futures are mixed, with the RTY (-0.1%) marginally in the negative territory whilst the tech-heavy NQ (+0.6%) outperforms following results from Apple and Intel (details below).
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
EARNINGS SUMMARY
- Apple (AAPL) +3.5% pre-market: Q1 revenue rose 4%, but iPhone sales missed expectations, and China sales fell; Mac and iPad sales improved, while wearables declined. The strong growth in its services segment supported its rise afterhours
- Intel (INTC) +1.4% pre-market: Better-than-expected Q4 earnings, though it issued weak guidance, citing seasonality and competition.
- Chevron Corp (CVX) -0.1% pre-market: Q4 EPS missed though revenue beat, announced USD 1.115bln impairment.Announces a 5% increase in Quarterly dividend
- Novartis (NOVN SW) +3.1%: Beat, lifts dividend, requests extended buyback authorisation.
- Samsung Electronics (005930 KS) -2.4%: Forecast slow sales for its AI chips in Q1 due to US export restrictions on China, and struggles to meet Nvidia’s (NVDA) requirements, while also forecasting limited earnings growth amid weak memory chip demand.
FX
- DXY is extending on the upside seen yesterday following comments from US President Trump that he will put a 25% tariff on Canada and Mexico because of fentanyl, and stated that China is going to end up paying a tariff as well. It is worth noting that there was a more conciliatory piece overnight in the WSJ noting that the US Administration could announce new tariffs by Saturday, but with a grace period before implementation to allow for negotiation. For today’s docket, focus will be on monthly PCE metrics for December, which follows yesterday’s quarterly print. DXY has been as high as 108.37 with the next target coming via the 23rd Jan high at 108.51.
- EUR/USD is lower for a fourth consecutive session as the dust settles on yesterday’s widely-expected 25bps rate cut from the ECB. Sources in the wake of the meeting revealed that if the GC delivers another 25bps cut in March,it will likely drop the “restrictive” reference to rates. Additionally on the inflation front, French CPI came in softer-than-expected whilst the regionals from Germany appear to be cooler than consensus for the mainland print at13:00GMT. EUR/USD has been as low as 1.0366; lowest since 21st January.
- JPY is softer vs. the USD with havens generally lagging vs. the USD. Overnight saw a deluge of data from Japan whereby headline Tokyo CPI came in firmer than expected, core in-line, IP and retail sales Y/Y beat. USD/JPY currently sits within yesterday’s 153.78-155.23 range.
- GBP is slightly softer vs. the USD as UK-specific newsflow remains light in the run up to next week’s BoE rate decision and MPR. GBP/USD has just slipped below the bottom end of yesterday’s 1.2407-67 range with the next downside target coming via the 1.2392 low.
- Antipodeans are both firmer vs. the USD and attempting to claw back some of the losses from Trump’s aforementioned tariff rhetoric yesterday.
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- USTs are in the red, weighed on by the latest Trump-tariff rhetoric. Action which has propped up yields stateside with the short-end leading ever so slightly given the potential near-term tariff implications of any measures. Action which took USTs to a 108-31 trough in the early European morning. However, the complex began to make its way gradually off lows as no late-Thursday announcement came from POTUS as some had guided us towards. Additionally, a WSJ sources piece implied that officials are working to find a way to dial-back the tariff rhetoric/situation. US PCE due.
- EGBs derived a bid from the Prelim. French HICP figures which came in cooler than expected. Thereafter, cooler German State CPIs than implied by the forecasts for the 13:00GMT mainland release alongside a cut to the growth view in the ECB SPF sparked a dovish reaction, though perhaps somewhat capped by a jump in EBC SCE inflation views. Specifically, Bunds lifted from just below the 132.00 handle to a 132.45 session high over the course of five/six minutes vs current 132.30.
- Gilts moved in tandem with peers throughout the morning. Began the session with very modest upside, as the dovish impulse from the French data and general UST pickup off lows served to offset bearish pressure from the Trump tariff updates. Gilts currently around 92.60.
- Click for a detailed summary
COMMODITIES
- Crude benchmarks find themselves at session lows though the pressure is only modest thus far, WTI and Brent at the trough of USD 72.63-49/bbl and USD 75.69-76.44/bbl bands. Focus of course on the tariff situation and in particular Trump’s remark that he would be deciding by Thursday (i.e. yesterday) on whether or not to impose tariffs on oil on Canada and Mexico.
- Gold made fresh record highs above the USD 2800.00/oz mark. Thus far, has eclipsed the figure by exactly one dollar. Upside which has been driven despite the USD strength and overnight yield advances.
- Base metals are mixed, albeit with a slight downward bias; price action has been relatively rangebound with 3 LME copper within a USD 9,068-9108.80/oz range.
- Russian gas supplies to Europe via Turkstream pipeline have reached record monthly high of more than 50mcm per day in January
- Oman Crude OSP calculated at USD 80.26/bbl for March, up USD 7.10 vs Feb
- Kaztransoil says Kazakhstan plans to supply 22,000 T of oil from Kashagan field via Baku-Tbilisi-Ceyhan pipeline in January.
- Ukraine’s Military says it struck an oil refinery in Russia’s Volgograd region, causing a fire.
- Commerzbank sees upside potential for Palladium prices, expects it to rise to USD 1150/oz by end-2025
- Click for a detailed summary
NOTABLE DATA RECAP
- German State CPIs were cooler than the than implied forecasts for the 13:00GMT mainland release.
- German Retail Sales MM Real (Dec) -1.6% vs. Exp. 0.2% (Prev. -0.6%); YY 1.8% vs. Exp. 2.5% (Prev. 2.5%)
- German Unemployment Chg SA (Jan) 11.0k vs. Exp. 14.0k (Prev. 10.0k); Unemployment Rate SA (Jan) 6.2% vs. Exp. 6.2% (Prev. 6.1%); Unemployment Total SA (Jan) 2.88M (Prev. 2.869M); Unemployment Total NSA (Jan) 2.993M (Prev. 2.807M)
- Italian Producer Prices MM (Dec) 0.6% (Prev. 1.2%); Producer Prices YY (Dec) 1.1% (Prev. -0.5%)
- UK Lloyds Business Barometer (Jan) 37 (Prev. 39)
- UK Nationwide House Price MM (Jan) 0.1% vs. Exp. 0.3% (Prev. 0.7%); YY 4.1% vs. Exp. 4.3% (Prev. 4.7%)
- French CPI (EU Norm) Prelim YY (Jan) 1.8% vs. Exp. 1.9% (Prev. 1.8%); MM (Jan) -0.2% vs. Exp. 0.00% (Prev. 0.20%)
- French CPI Prelim YY NSA (Jan) 1.4% vs. Exp. 1.50% (Prev. 1.30%); MM -0.1% vs. Exp. 0.00% (Prev. 0.20%)
NOTABLE EUROPEAN HEADLINES
- ECB’s Muller says rates are nearing the point where they will not curb investment, via Bloomberg
- ECB’s Rehn says “we are confident that inflation will stabilise at its target as projected and monetary policy will cease to be restrictive in the near future”; estimates during the spring and summer.The pace and magnitude of rate cuts will be decided separately at each meeting
- ECB Consumer Expectations Survey (Dec): See inflation in next 12 months at 2.8% vs. Exp. 2.7% (prev. 2.6%); 3y ahead sees 2.4% (prev. 2.4%)
- ECB Survey of Professional Forecasters; sees 2025 inflation at 2.1% (prev. 1.9%); 2026 1.9% (prev. 1.9%), 2027 2.0%
NOTABLE US HEADLINES
- US Administration could announce new tariffs by Saturday, but with a grace period before implementation to allow for negotiation, via WSJ citing sources; advisors are considering several offramps to avoid enacting universal tariffs on Canada and Mexico.
- US President Trump said China is going to end up paying a tariff as well.
- US President Trump posted on Truth Social that the US will require commitment from BRICS countries to neither create a new BRICS currency nor back any other currency to replace the mighty US Dollar or they will face 100% tariffs.
- US is probing whether DeepSeek sourced NVIDIA (NVDA) chips through Singapore, with the White House and FBI investigating the use of Singapore intermediaries by DeepSeek, according to Bloomberg. It was also reported that US Congressional offices are being warned not to use DeepSeek, according to Axios.
GEOPOLITICS
MIDDLE EAST
- Lebanese media Al Mayadeen posted on X that Israeli warplanes struck several areas on Lebanon’s eastern border with Syria which it stated marked another set of blatant violations of the ceasefire agreement.
- US military said it killed a senior operative of Al-Qaeda affiliate terror group Hurras Al-Din in northwest Syria.
- Israeli PM Netanyahu “will hold security consultations today to discuss the possibility of stopping the deal and the possibility of returning to fighting immediately”, according to Al Jazeera.
CRYPTO
- Bitcoin is a little lower and back closer towards USD 104k; Ethereum is a little firmer and around USD 3.2k.
APAC TRADE
- APAC stocks were mostly higher but with gains capped at month-end and as participants digested earnings and tariff threats.
- ASX 200 printed a fresh all-time high with the index led by strength in gold miners and tech although the defensive sectors lagged.
- Nikkei 225 remained afloat albeit with momentum restricted by a choppy currency and a slew of earnings.
- KOSPI underperformed on return from the holiday closure with tech names pressured as SK Hynix got its first opportunity to react to the DeepSeek debacle and Samsung Electronics was also negative despite better-than-expected earnings for Q4 as it provided a pessimistic view for the current quarter.
DATA RECAP
- Tokyo CPI YY (Jan) 3.4% vs. Exp. 3.1% (Prev. 3.0%)
- Tokyo CPI Ex. Fresh Food YY (Jan) 2.5% vs. Exp. 2.5% (Prev. 2.4%); Ex. Fresh Food & Energy YY (Jan) 1.9% vs. Exp. 1.9% (Prev. 1.8%)
- Japanese Industrial Production MM (Dec P) 0.3% vs. Exp. 0.3% (Prev. -2.2%); YY (Dec P) -1.1% vs. Exp. -2.2% (Prev. -2.7%)
- Japanese Retail Sales MM (Dec) -0.7% vs. Exp. -0.1% (Prev. 1.8%, Rev. 1.9%); YY (Dec) 3.7% vs. Exp. 3.2% (Prev. 2.8%)
2C ASIAN REPORT
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
ECB
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HAMAS/
After chaotic release, Netanyahu threatens ‘whoever dares harm’ hostages
“We will not accept any violation of the ceasefire agreement,” Netanyahu affirmed in the public statement.
By JERUSALEM POST STAFFJANUARY 30, 2025 19:23Updated: JANUARY 30, 2025 20:27
Prime Minister Benjamin Netanyahu welcomed the return of the hostages and also emphasized his stance on ensuring their security in a Thursday video statement published on X/Twitter.
The video address began with Netanyahu warmly welcoming the newly released hostages Agam Berger, Gadi Moses, and Arbel Yehud, freed from Hamas captivity through Israel’s recent ceasefire deal with the terror group.
“Agam, Arbel, Gadi – welcome home! The entire State of Israel embraces you, and so do my wife Sarah and I,” Netanyahu began.
Recounting the events of the hostage release, he said, “We witnessed shocking events. We made it clear to the mediators that we would not accept any risk to our hostages.”
Netanyahu then threatened anyone who would consider harming the returned hostages, stating, “I also want to add—whoever dares to harm our hostages will have their blood on their own hands [be taking their life into their own hands].”
Netanyahu thanks ‘heroic soldiers’
Netanyahu also recounted how the hostage deal was achieved, stating that it was due primarily “to our heroic soldiers, and it was also accomplished thanks to the firm and resolute stance we maintained during the negotiations.”
“We will not accept any violation of the ceasefire agreement,” Netanyahu affirmed.
end
ISRAEL/HAMAS
Mossad chief warns Gaza cleanup risks destroying hostages’ bodies – report
Barnea said to express concern in meeting with hostages’ families; Hamas reportedly pledges that prominent terrorists Marwan Barghouti, Ahmed Saadat will be freed later under deal
By ToI Staff29 January 2025, 11:21 am
Displaced Palestinians make their way back to their homes in the northern Gaza Strip via Salah a-Din Road on January 28, 2025. (Ali Hassan/Flash90)
Mossad chief David Barnea reportedly told families of Israeli hostages on Monday evening that the use of bulldozers to clear wreckage in the Gaza Strip could make it impossible to recover some slain captives’ bodies.
Speaking to the families, Barnea said, “It’s awful. It could cause more cases like Ron Arad,” referring to an Israeli Air Force officer who was captured in Lebanon in 1986 and, in the absence of intelligence about his condition or location, was declared dead in 2008.
“We have a responsibility to bring everyone home,” he added, according to a Channel 12 report Tuesday.
During the meeting, Barnea also reportedly told the families that the list of 33 hostages to be freed in the deal’s first stage was prepared after the end of the hostage-ceasefire deal in November 2023 — despite the fact that circumstances have certainly changed for many of the captives since then.
Those included fell into the “humanitarian” categories of women, children, female soldiers, the elderly, and the sick, the latter of whom was determined by a medical panel.
Some of the families also expressed their concern during the meeting that Israel might return to fighting after the first stage of the deal, rather than see the three-phase agreement through to the end, which would include a withdrawal from the Strip and permanent ceasefire alongside the release of the remaining hostages and many more Palestinian terror inmates.
Mossad chief David Barnea attends a state ceremony marking the anniversary of the Hamas October 7 attack, at Mount Herzl in Jerusalem on October 27, 2024. (Chaim Goldberg/FLASH90)
Many families, in the lead-up to the deal, demanded that an agreement see the release of all the hostages at once, fearing that those set to be released in latter stages would be left behind in captivity.
“This isn’t a complete deal, but it’s the best deal that we were able to get,” Barnea told the families. Asked whether he personally assessed that the three-phase deal would be implemented in its entirety, he responded: “There are many difficult issues that have to be discussed [in negotiations].”
The intelligence chief added, “It will be difficult and challenging, but I’ve seen the return of all the hostages as the highest goal, and there are is a real willingness, and good intentions,” to which one hostage’s father responded, “I can’t rely on good intentions.”
Palestinian women take a picture in front of a big poster of Marwan Barghouti, the highest-profile Palestinian prisoner held by Israel, during a rally in solidarity with Gaza and prisoners held by Israel, in the West Bank city of Ramallah, August 3, 2024. (AP Photo/Nasser Nasser)
Hamas promised Barghouti, Saadat will be released
Highlighting fears regarding subsequent phases of the deal, the Kan public broadcaster reported Tuesday, citing an unnamed Palestinian source involved in the negotiations, that Hamas has promised the families of prominent terror convicts Marwan Barghouti and Ahmad Saadat that they will be released from Israeli prison in the second stage of the ceasefire.
Both prisoners are considered icons by many Palestinians.
Barghouti, a 64-year-old Fatah leader widely considered a potential candidate to lead the Palestinian Authority, is serving five life sentences in an Israeli prison for his part in planning three terror attacks that killed five Israelis during the 2000-2005 Second Intifada.
Saadat, 72, the leader of the Marxist-Leninist Popular Front for the Liberation of Palestine (PFLP), was sentenced in 2008 to 30 years behind bars for masterminding the 2001 assassination of far-right Israeli tourism minister Rehavam Ze’evi.
PFLP Secretary-General Ahmad Saadat at the Jerusalem’s Magistrate Court in September 2012. (Yoav Ari Dudkevitch/Flash90)
Israel has previously said Barghouti won’t be freed in a deal.
The Palestinian source was cited as saying Hamas is preparing a strategic plan to take over the West Bank-based PA after the latter’s octogenarian leader Mahmoud Abbas is no longer in office.
The popular Barghouti is seen as a leading candidate to win Palestinian national elections, should they be held, and if Hamas secures his release, he will owe the terror group his freedom, the report noted.
So far, seven hostages have been freed from Gaza as part of the current hostage-ceasefire deal, which mandates the release of 33 so-called “humanitarian hostages” during its first 42-day phase, with fighting stopped in the Strip.
The 33 hostages set to be returned in phase one of the Gaza ceasefire deal. Row 1 (L-R): Romi Gonen, Emily Damari, Arbel Yehoud, Doron Steinbrecher, Ariel Bibas, Kfir Bibas, Shiri Bibas; Row 2: Liri Albag, Karina Ariev, Agam Berger, Danielle Gilboa, Naama Levy, Ohad Ben-Ami, Gadi Moshe Moses; Row 3: Keith Siegel, Ofer Calderon, Eli Sharabi, Itzik Elgarat, Shlomo Mansour, Ohad Yahalomi, Oded Lifshitz; Row 4: Tsahi Idan, Hisham al-Sayed, Yarden Bibas, Sagui Dekel-Chen, Yair Horn, Omer Wenkert, Sasha Trufanov; Row 5: Eliya Cohen, Or Levy, Avera Mengistu, Tal Shoham, Omer Shem-Tov (all photos courtesy)
As those hostages — women, children, elderly people, and sick people — are gradually released, Israel is to release some 1,904 Palestinian security prisoners, including more than a hundred serving life sentences for terror attacks
The three-phase deal’s later phases are to see negotiations with the stated goal of reaching a “sustainable calm” in the enclave, alongside the release of the remaining hostages held in Gaza, the release of more Palestinian security prisoners, and an Israeli withdrawal from the Strip.
The war in Gaza began on October 7, 2023, when some 3,000 Hamas-led terrorists invaded southern Israel, killing some 1,200 people — mostly civilians — and taking 251 hostages, amid acts of brutality and sexual assault.
At least 34 of the 87 hostages still in captivity have been confirmed dead by the IDF, and the bodies of 40 others have been recovered throughout the course of the war.
end
ISRAEL/HAMAS
at least we have one member of the Bibas family returning
Hostages Yarden Bibas, Ofer Kalderon, Keith Siegel to be freed Saturday
In a direct warning, Netanyahu threatened, “Whoever dares to harm our hostages will have their blood on their own hands.”
By AMICHAI STEINJANUARY 31, 2025 08:23Updated: JANUARY 31, 2025 12:33
Hamas named hostages Yarden Bibas, Ofer Kalderon, and Keith Samuel Siegel on Friday as the three hostages expected to be released from Gaza captivity on Saturday.
Earlier, the Prime Minister’s Office announced that Israel had received the list of hostages set to be released. Once Israeli officials verified and approved the list, they updated the families before publicly releasing the names.
The list was handed over to Mossad chief David Barnea by Qatari Prime Minister Mohammed bin Abdulrahman Al Thani.
The Hostages and Missing Families Forum Headquarters, a body representing families of hostages remaining in Gaza, celebrated the news of the upcoming hostage release.
|The Hostages Families Forum welcomes the joyous news regarding the expected release of Keith Siegel, Yardan Bibas, and Ofer Kalderon after 484 days in Hamas captivity,” the forum stated. “We have both the sacred duty and moral right to bring all our brothers and sisters home. We will not give up or stop at any stage until all hostages return home, down to the last one – the living for rehabilitation and the deceased for proper burial.”
Following the chaotic scenes during Thursday’s release of Arbel Yehud and Gadi Moses, Israel has reportedly received assurances that such incidents will not be repeated.
The Israeli government also warned that it may delay the limited reopening of the Rafah border crossing on Saturday if similar disruptions occur.
When asked whether he believed the release would proceed as planned, a senior Israeli official responded, “Yes.” He added, “I assume there will be threats to delay or disrupt, but in the end, it will happen.”
Netanyahu issues warning after chaotic hostage release
On Thursday, Prime Minister Benjamin Netanyahu addressed the nation following the return of several hostages from Hamas captivity, including Agam Berger, Gadi Mozes, and Arbel Yehud.
In a video statement posted on X/Twitter, Netanyahu welcomed the freed hostages and reaffirmed Israel’s commitment to ensuring their safety. “Agam, Arbel, Gadi—welcome home! The entire State of Israel embraces you, and so do my wife Sarah and I,” he said.
Netanyahu also addressed the chaotic nature of the previous hostage handover, stating, “We witnessed shocking events. We made it clear to the mediators that we would not accept any risk to our hostages.”
In a direct warning, Netanyahu threatened, “Whoever dares to harm our hostages will have their blood on their own hands.”
The prime minister credited Israel’s “heroic soldiers” and a firm negotiating stance for the successful hostage release. “We will not accept any violation of the ceasefire agreement,” he asserted.
This latest development comes amid ongoing diplomatic efforts to secure the release of the remaining hostages, as well as broader discussions regarding Israel’s security measures and the future of the ceasefire.
Jerusalem Post Staff contributed to this report.
end
How stupid could they be? Yet she was probably safer in the UNRWA facility
(JerusalemPost)
‘Hamas held Emily in UNRWA facilities,’ Emily Damari’s mother tells British prime minister
Emily Damari, a now 28-year-old British-Israeli, was released from Hamas captivity two weeks ago with Romi Gonen and Doron Steinbrecher.
By JERUSALEM POST STAFFJANUARY 31, 2025 16:45Updated: JANUARY 31, 2025 18:51
Former hostage Emily Damari’s mother, Mandy, spoke with British Prime Minister Keir Starmer on Friday, and told him that Hamas held Emily in UNRWA facilities while she was in captivity.
“Hamas held Emily in UNRWA facilities and denied her access to medical treatment after shooting her twice,” Mandy told Starmer. “It’s a miracle she survived, and we need to get aid to the remaining hostages now.”
UNRWA employees have been accused of acts of murder, abduction, and the taking of hostages on October 7.
Ditza Heiman, who was taken hostage during the October 7 Hamas attacks, was held captive by a UNRWA teacher for 53 days. She reported that her conditions were dire, with minimal food and no access to essential medication despite her health issues, including diabetes and thyroid problems. She described seeing the UNRWA logo on various items during her captivity, highlighting concerns about UNRWA’s involvement in supporting Hamas activities.
Heiman also recounted seeing the UNRWA logo on notebooks, snack packages, and other items. He asked the UNRWA employee if he was a teacher, and he confirmed to her that he was.
She also shared that she ate only once a day and was given snacks with packaging marked with the UNRWA logo and labeled “not for sale,” as it was given to schoolchildren.
Emily released from Hamas captivity
Emily Damari, a now 28-year-old British-Israeli, was released from Hamas captivity two weeks ago with Romi Gonen and Doron Steinbrecher.
Damari was abducted from her Kfar Aza apartment along with 37 other residents of her kibbutz on October 7.
Damari’s friend Bar Kislev told Israel’s Channel 12 that she saw Damari’s vehicle being driven around the kibbutz at 11 am on the day of the invasion.
The terrorists “shot [her] in the hand,” and was “injured by shrapnel in her leg, blindfolded, bundled into the back of her own car, and drive back to Gaza,” according to Mandy.
Danielle Greyman-Kennard and Amichai Stein contributed to this report.
end
ISRAEL/USA/ ARAB COUNTRIES
Trump drops Gaza bombshell, shattering diplomatic orthodoxy – analysis
Trump’s proposal to relocate Gazans to other countries has sparked global debate, challenging diplomatic norms and raising questions about Middle East peace strategies.
By HERB KEINONJANUARY 31, 2025 11:00Updated: JANUARY 31, 2025 14:57
Following his inauguration on January 20, US President Donald Trump did not hit the ground running; he hit it barreling.
In a whirlwind of executive actions and statements, Trump seemed determined to set the tone of his presidency not in his first 100 days, but in the first few hundred hours.
Some moves, like pulling out of the World Health Organization and shutting down federal diversity, equity, and inclusion initiatives, went into effect with the stroke of his pen. Others, like reviewing all foreign aid and ordering deportations of illegal immigrants, set broader processes in motion. And still others, like blocking all federal grants, were challenged in court and quickly rescinded.
This torrent of activity is steering the US on a sharply different course, but it is not immediately clear what is real and what is aspirational, what policies will hold, and which ones will crash against reality’s jagged rocks.
TRUMP’S COMMENTS this week about wanting to see some countries take in Gazan refugees – he specifically mentioned Jordan and Egypt, while some news reports also said that he had Indonesia and Albania in mind as well – fall squarely into that uncertain category.
Is this a concrete plan? A serious policy proposal? Or is it just another instance of Trump speaking unfiltered?
Trump first broached the idea – hitherto largely the domain of Israel’s far Right – in a press gaggle on Saturday aboard Air Force One.
Asked about a phone conversation with Jordan’s King Abdullah, the president began by praising the king, saying he’s done a “wonderful job,” and noting that Jordan houses “millions of Palestinians in a very humane way.”
Then he added: “I said to him, ‘I’d love you to take on more.’ Because I’m looking at the whole Gaza Strip right now, and it’s a mess. It’s a real mess.”
He went on: “You have to take people,” and added that he would like Egypt to “take people” as well.
Referring to Gaza’s population, Trump estimated “probably a million and a half people,” and suggested: “We just clean out that whole thing. It’s – you know, it’s – over the centuries, that’s – that’s many, many conflicts, that site. And I don’t know. Something has to happen, but it’s literally a demolition site right now. Almost everything is demolished, and people are dying there. So, I’d rather get involved with some of the Arab nations and build housing at a different location where they can maybe live in peace for a change.”
Those comments – he said this arrangement could be temporary or long-term – triggered an immediate backlash, with Egypt, Jordan, the Palestinian Authority, and Hamas all saying, albeit politely, that this was a nonstarter.
Yet despite that resistance, Trump doubled down two days later, saying he had also discussed the matter with Egyptian President Abdel Fattah al-Sisi and that “hopefully he will take some of them.”
Trump framed the idea as a way to relocate Gazans “to an area where they can live without disruption and revolution and violence,” and that this relocation would “get people living in areas that are a lot safer and maybe a lot better and maybe a lot more comfortable.”
WHETHER OR not this is a well-formed plan, whether any real thought or staff work has gone into the idea or how it would be implemented, by even mentioning the idea publicly – and then repeating it a second time – Trump has removed it from the purview of the Israeli radical Right and introduced it into mainstream discourse. That alone is no small shift.
Consider the following: On November 13, 2023, two MKs at the time – the Likud’s Danny Danon, since appointed Israel’s ambassador to the UN, and Yesh Atid’s Ram Ben Barak – penned an op-ed in The Wall Street Journal recommending that to ease the suffering in Gaza, Western countries – which in the past have shown a willingness to absorb millions of refugees from war-torn areas – demonstrate that same willingness and take in refugees from Gaza as a solution to the humanitarian crisis there. This was written just over a month after the Hamas massacre.
“One idea is for countries around the world to accept limited numbers of Gazan families who have expressed a desire to relocate,” they wrote.
The two emphasized they were speaking of Gaza residents who seek relocation – not that they were advocating any type of forced transfer. It didn’t matter; they were pilloried in predictable circles, especially the centrist Ben Barak.
Here’s an example from the intro to an op-ed in Haaretz: “A call in The Wall Street Journal by MK Ram Ben Barak, former deputy head of the Mossad, for European countries to take in Gazan refugees is just a prettified version of ethnic cleansing, irresponsibly collapsing the distinction between centrists and the racist zealots of the Israeli far Right.”
Trump’s alignment
By this logic, Trump, too, has now aligned himself with the “racist zealots of the Israeli far Right.”
Except he hasn’t.
What he has done is offer – serious or not – an outside-the-box idea to an existing problem, an alternative way of looking at a solution beyond the rigid orthodoxies on the table. And rethinking entrenched assumptions isn’t necessarily a bad thing.
At his core, Trump is a real estate mogul who looks at things from that worldview: when a neighborhood is in ruins, move residents out, rebuild, and then either bring them back or repurpose the space. That same logic seems to underlie his current thinking about Gaza.
Are the Egyptians and Jordanians going to take in hundreds of thousands of Gazan refugees? Are Albania and Indonesia going to set up “Little Khan Yunis” in Jakarta or Tirana? Do the Gazans want to leave?
Highly doubtful. But Trump has shown that he is willing to use his leverage to get countries to bend to his will: just look at how quickly the president of Colombia reversed course and accepted planes of its deported nationals this week, after Trump threatened tariffs and other penalties if Colombia did not go along.
But even if nothing comes of this idea, Trump’s willingness to float an alternative to the standard diplomatic framework is notable.
One of the biggest obstacles plaguing Mideast diplomacy is the global fixation on a single paradigm: a two-state solution, with a Palestinian state – with its capital in Jerusalem – comprising nearly all of the West Bank and Gaza, and a “safe passage” linking the two.
But after October 7, does anyone realistically believe the Israeli public is going to agree to a safe passage for Gazans through its territory to Judea and Samaria?
Does anyone seriously think there is any appetite, or will be an appetite for a generation, for such a corridor after Thursday’s chilling images of Arbel Yehud and 80-year-old Gadi Moses, two hostages pulled from their homes and held hostage for nearly 500 days, being tormented on their way to freedom by the same Gazans who would use that safe passage?
And yet, despite the obvious shift in realities, “two states” remains the mantra.
All other proposals – such as a federation with Jordan or creative land swaps involving Egypt, Saudi Arabia, and Jordan – have been dismissed as unworkable. The only acceptable framework, diplomats and politicians worldwide say over and over, is the two-state framework.
Trump’s suggestion challenges that rigidity. It forces people to consider or at least talk about alternative solutions to problems, even if this one may ultimately be unfeasible.
This isn’t the first time something like this has happened. Before Trump took office in 2017, bringing with him a Mideast team able to look at the issues with a fresh set of eyes – not locked into the mindset of the Oslo “peace processors” – no one imagined that Arab states would normalize relations with Israel before there was a comprehensive peace with the Palestinians based on two states.
Former secretary of state John Kerry famously declared in 2016 that such a “separate peace” would never happen. “Everybody needs to understand that. That is a hard reality.”
Yet, it did happen, because people were able to consider different suggestions, ideas, and solutions.
The Abraham Accords became a reality not because conventional diplomats willed them into existence, but because people were willing to challenge the assumptions that had long dominated policy circles.
Perhaps Trump’s comments presage another such moment.
END
iSRAEL/EGYPT
‘Why does Egypt need all these submarines and tanks?’ Israeli UN envoy warns of military buildup
While Egypt has played a central role as a mediator between Israel and Hamas, Danon’s words highlighted a growing trust gap between the two nations.
By JERUSALEM POST STAFFJANUARY 31, 2025 14:40
Danny Danon, Israel’s ambassador to the UN, raised concerns about Egypt’s military expansion, questioning its necessity in the absence of threats.
Israeli Ambassador to the United Nations Danny Danon issued a stark warning about Egypt’s growing military arsenal, questioning why Cairo is investing hundreds of millions of dollars annually in advanced weaponry despite facing no immediate threats.
Speaking to journalist Mendi Rizel on Kol Barama radio’s News of the Week, Danon called Egypt’s buildup a cause for concern in light of the October 7 Hamas attack on Israel.
“They spend hundreds of millions of dollars on modern military equipment every year, yet they have no threats on their borders,” Danon said. “Why do they need all these submarines and tanks? After October 7, alarm bells should be raised. We have learned our lesson. We must monitor Egypt closely and prepare for every scenario.”
‘The US needs to explain this’
Danon also pointed to Washington’s role in supplying Egypt’s military and urged a reevaluation of the issue.
“We need to ask the United States why Egypt requires all this equipment,” he said.
His remarks marked the first time a senior Israeli official had publicly raised such concerns about Egypt’s military expansion.
Danon’s comments came amid heightened tensions in the region, as Israel reevaluated its defense strategy following the Hamas-led October 7 massacre. While Egypt has played a central role as a mediator between Israel and Hamas, Danon’s words highlighted a growing trust gap between the two nations.
Israel and Egypt signed a peace treaty in 1979, but Jerusalem has closely monitored Cairo’s military procurement, particularly its ties with the US military and its purchases of advanced European weapons systems.
HAMAS/ISRAEL//EGYPT/USA
Trump hardens stance on Egypt taking in Palestinians against Sisi’s refusal
By HANNAH SARISOHN, REUTERSJANUARY 30, 2025 23:15
US President Donald Trump answered a variety of questions on Thursday afternoon while signing a series of executive orders in the Oval Office, replying, “They will do it” when asked about Egypt and Jordan taking in Palestinian citizens from Gaza.
Just 24 hours earlier, Egyptian President Abdel Fattah Al-Sisi said his country would not participate in the displacement of Palestinians, an “act of injustice” that would threaten Egyptian security.
Speaking at a press conference with visiting Kenyan president William Ruto, Sisi said Egypt would work with the new US president to reach peace between Israel and Palestinians based on a two-state solution.”Regarding what is being said about the displacement of Palestinians, it can never be tolerated or allowed because of its impact on Egyptian national security,” Sisi said.
Trump on Sunday told reporters that Jordan and Egypt should take more Palestinians from Gaza, a claim instantly met with backlash from Hamas’s political bureau.
end
ISRAEL/HAMAS
The chaos in Khan Yunis proves Hamas can’t govern Gaza – editorial
Hamas’s failure demonstrates how quickly years of diplomatic work can be jeopardized by chaos on the ground, which could derail future releases.
By JPOST EDITORIALJANUARY 31, 2025 06:01Updated: JANUARY 31, 2025 06:07
Our ceasefire and hostage exchange deal is hanging by the thinnest of threads, and no instance proved that more than Thursday’s hostage return.
On yet another emotional and miraculous occasion, Israel saw the release of eight hostages: three Israelis and five Thai residents.
The releases came amid intensifying US diplomatic pressure to accelerate the pace of hostage returns. American negotiators are working to secure “as many hostages as possible” in shorter time frames, a senior diplomatic source told The Jerusalem Post, reflecting the urgency of the situation.
The hostages – Agam Berger, Arbel Yehoud, Gadi Moses, Thenna Pongsak, Sathian Suwannakham, Sriaoun Watchara, Seathao Bannawat, and Rumnao Surasak – were released in separate waves. Agam came home first from Jabalya, followed by Arbel and Gadi, and then the rest in the final wave, all of them from Khan Yunis. They were held by Hamas in Gaza for 482 days.
The process involved transfers to Red Cross vehicles and coordination with Israeli security forces, including the IDF and the Shin Bet (Israel Security Agency). Many forces – including the terrorists themselves – were involved in this operation.
Hostage hospitalization
The released hostages were taken to Shamir Medical Center in Tzrifin, which has experience handling such cases, having previously cared for 23 Thai nationals and one Filipino released in November 2023. The hospital made specific preparations, including translated medical plans into Thai, culturally appropriate menus, protocols for addressing malnutrition, and special attention to psychological and physical rehabilitation.
Initial medical examinations indicated the released hostages were in good condition.
The religious dedication of the hostages became evident through details shared by fellow former captive Liri Albag, who revealed that Agam Berger had maintained her faith by abstaining from nonkosher meat throughout her 482 days in captivity, highlighting the psychological strength required to survive in such prolonged detention.
President Isaac Herzog described the transfer scenes as “nerve-wracking and unbearable,” however, and Hostages Square watchers’ faces were filled with horror and fear.
This was because the massive crowds of Gazan who came to watch the hostages being transferred to the International Red Cross in Khan Yunis pressed in and became so worked up that there was legitimate concern for the hostages’ safety, particularly Arbel’s and Gadi’s.
As a result, Israel expressed anger to the mediators of the ceasefire and hostage deal over the enraged mob’s behavior.
“I strongly condemn the horrific scenes witnessed during the release of our hostages,” Prime Minister Benjamin Netanyahu said. “I demand that the mediators ensure that such dreadful scenes are not repeated and guarantee the safety of our hostages.”
The scene was particularly poignant given that some released hostages’ families are still grappling with mixed emotions – joy at their loved ones’ return, coupled with grief for those lost. In a moving tribute that captured this complexity, friends of Arbel Yehoud’s brother Dolev, who was murdered during the October 7 massacre, wrote in the sand: “How good you came home, Arbeli.”
While the hostage releases were successful, they also revealed dangerous fault lines that threaten the sustainability of the ceasefire.
This incident has created diplomatic tension at a critical moment. While the US is actively pushing for accelerated hostage releases and broader deals, with envoy Steve Witkoff engaging in promising talks with Israeli officials and families, the Khan Yunis incident threatens to undermine this momentum. Israel’s formal complaint to the mediators highlights how fragile the diplomatic process remains.
The contrast between successful releases – such as Agam Berger’s emotional reunion with her family – and the dangerous chaos during transfers illustrates the precarious nature of these operations. While diplomatic channels remain open, with active US involvement and ongoing negotiations for future releases, each transfer now carries additional risk and scrutiny.
For the ceasefire to hold, Hamas and other Gazan terrorist organizations must strictly control these critical moments of exchange. The incident demonstrates how quickly years of diplomatic work can be jeopardized by chaos on the ground, potentially derailing future releases and broader peace efforts.
As negotiations continue for additional releases, including remaining Thai hostage Pinta Nattapong and others still in captivity, the success of future transfers – and, by extension, the ceasefire itself – will depend on Israel forcing stricter security protocols on Hamas during future exchanges and making sure they maintain order during these sensitive operations.
Related Tags
END
ISRAEL/EGYPT
here is the major problem: nobody wants Palestinians. They are generally thrown out of the country where ever they go
(JerusalemPost)
Egyptians protest Trump displacement plan at Rafah border crossing
Egyptian security sources told Reuters that parties close to Sisi had sent buses to ferry protesters to the border crossing.
By REUTERSJANUARY 31, 2025 17:43Updated: JANUARY 31, 2025 17:44
Thousands of people demonstrated at the Rafah border crossing on Friday, an eyewitness told Reuters, in a rare state-sanctioned protest against a proposal earlier this week by US President Donald Trump for Egypt and Jordan to accept Gazan refugees.
Egyptian President Abdel Fattah al-Sisi on Wednesday rejected the idea that Egypt would facilitate the displacement of Gazans and said Egyptians would take to the streets to express their disapproval.
Protesters could be heard chanting “Long Live Egypt” and waving Egyptian and Palestinian flags.
“We say no to any displacement of Palestine or Gaza at the expense of Egypt, on the land of Sinai,” said Sinai resident Gazy Saeed.
Government involvement
Egyptian security sources told Reuters that parties close to Sisi had sent buses to ferry protesters to the border crossing, where civilian movement is typically restricted, but said the outpouring expressed public and not just leadership disapproval of Trump’s proposal.
Trump said on Saturday that Egypt and Jordan should take in Palestinians from Gaza, which he called a “demolition site.”
On Thursday, Trump forcefully reiterated the idea, saying “We do a lot for them, and they are going to do it,” in apparent reference to abundant US aid, including military assistance, to both Egypt and Jordan.
Any suggestion that Palestinians leave Gaza – territory they hope will become part of an independent state – has been anathema to the Palestinian leadership for generations and repeatedly rejected by neighbouring Arab states since Hamas’s October 7 2023 attacks.
Jordan is already home to several million Palestinians, while tens of thousands live in Egypt.
END
WEST BANK/ ISRAEL
IDF eliminates terrorists who killed St.-Sgt. Liam Hazi in Jenin
Troops encircled the building in which the terrorists were embedded and killed them.
By JERUSALEM POST STAFFJANUARY 31, 2025 09:05
IDF troops operating in the West Bank city of Jenin eliminated on Thursday the terrorists who killed Staff Sergeant Liam Hazi earlier in the day, the military said on Friday.
St.-Sgt. Hazi, 20, served in the ‘Haruv’ Reconnaissance Battalion of the Kfir Brigade.
On Thursday, troops of the Haruv Battalion, conducting searches in the area, clashed with two terrorists who had entrenched themselves within a structure. Hazi was killed, and five soldiers were wounded in the incident.
Hours later, troops encircled the building in which the terrorists were embedded and killed them.
‘Operation Iron Wall’
Last week, the IDF initiated “Operation Iron Wall,” a large-scale operation in Jenin.
Earlier this week, Defense Minister Israel Katz said the IDF would remain in the city even following the conclusion of the current operation.
Katz noted there was no withdrawal date.
Yonah Jeremy Bob contributed to this report
END
SYRIA/RUSSIA
Russia will not pay attention to this;
(zerohedge)
Syrian Leaders Demand Russia ‘Hand Over Assad, Pay Compensation’
Friday, Jan 31, 2025 – 05:45 AM
Syria’s ruling Islamist group, Hayat Tahrir al-Sham (HTS) and the freshly self-appointed “President” of Syria Ahmad al-Sharaa (or Abu Mohammad al-Jolani), have demanded that Russia hand over ousted leader Bashar al-Assad.
Syrian HTS officials are also demanding “compensation” from Moscow after it sent its military forces in support of Assad since 2015. Russia is being asked to help with “reconstruction and recovery” following 13-years of war.
Sharaa’s Islamist government wants Russia to rebuild trust through “concrete measures such as compensation, reconstruction and recovery.”
All of this was conveyed in a meeting which took place this week between HTS and a Russian delegation in Damascus, which was a first since Assad fled on December 8. Russia quickly granted Assad and his family asylum, but he hasn’t been seen or photographed since.
It’s widely been reported that he is in Moscow, and many rumors have persisted – such as that he was supposedly poisoned – but none have proved true.
Of course, Russia is very unlikely to send Assad back to Syria; however, the Kremlin does have a strategic interest in keeping its naval and air bases on Syria’s Mediterranean coast. Military equipment has been largely packed up and moved elsewhere over the past weeks.
The status of the Tartous naval base and Hmeimim airbase remains unresolved:
Satellite imagery recently showed large-scale transportation of Russian equipment and vehicles towards the Tartous naval base. Bogdanov told reporters that “no progress has been made on the issue [of the bases],” and that “more negotiations are needed,” according to Russian news agency TASS.
The Russian delegation to Damascus was led by Russia’s Deputy Foreign Minister Mikhail Bogdanov. “The meeting was generally good, it lasted three hours and included an official dinner … In general, the meeting was constructive and the atmosphere was positive,” Bogdanov told a press briefing.
The two sides “agreed to continue contacts to strengthen relations and understanding in the field of foreign policy.”
The Kremlin has been asked about the reports of a demand to boot Assad from Russia, but has not confirmed or denied that the request was made.
Meanwhile, Russian forces are still present on Syria’s coast, but likely at diminished capacity, with reports saying much equipment has already been moved to a port in Eastern Libya under Khalifa Haftar.
end
RUSSIA/UKRAINE/
TRUMP MUST END THIS STUPID WAR QUICKLY
(zerohedge)
Ukrainian Drone Attacks Disrupt Key Russian Oil Export Route
Friday, Jan 31, 2025 – 10:40 AM
By Alex Kimani of Oilprice.com
An overnight attack by Ukrainian drones on Russia’s Andreapol oil pumping station, part of the oil export route via the Baltic Sea port of Ust-Luga, has forced oil flows to stop, Bloomberg has reported. The attack also hit a Russian missile storage facility, causing a string of explosions. Ukraine has stepped up drone strikes on Russian military and energy facilities in recent weeks as the third anniversary of the war approaches. Ust-Luga port is one of the main ports used by Russia’s shadow fleet of tankers.
Russia’s oil shipments via the Baltic Sea declined 10% over the final four months of 2024 due to the impact of EU sanctions against Russian oil and gas exports, the Finnish Border Guard has reported. Finland’s Coast Guard monitors the shadow fleet that Russia uses to export crude via the Gulf of Finland.
“In the last four or five months of last year, we saw a roughly 10% decline in the amount of oil leaving from Russia,” the Finnish Border Guard’s Head of Maritime Safety Mikko Hirvi told Reuters late last week. “That is of course very good, but on the other hand, older vessels have been added to the traffic on the Baltic Sea at the same time. The vessels in operation are in worse condition than before,” he added, saying it’s difficult to determine whether the decline will only be temporary.
Last month, the Biden administration announced the harshest sanctions yet on Russian oil. Reuters reported that a purported U.S. Treasury document circulating among traders in Europe and Asia, revealed that some 180 vessels, several senior Russian oil executives, dozens of traders and two major oil companies are targeted by the sanctions.
Later, it emerged that the Biden administration targeted Surgutneftgas and Gazprom Neft, two firms that handle 25% of Russian oil exports. The two companies shipped an average of 970,000 bbls a day in 2024.
end
TOO MUCH BLOOD HAS BEEN SPILT ON THIS CRAZY WAR!!
(zerohedge)
UKRAINE/RUSSIA/NORTH KOREA
North Korean Troops Retreat From Kursk Front Line After Heavy Losses: NYT
Friday, Jan 31, 2025 – 10:00 AM
Anonymous Ukrainian and US officials have told The NY Times that North Korean soldiers fighting for Russia have been pulled from the front lines in Kursk region, where Ukraine has waged a cross-border ground offensive since last August, after suffering heavy losses.
It was widely reported that some 11,000 North Koreans were sent by Kim John Un to assist the Russian army. So far, reports suggest the foreign troops have only been deployed in southern Russian territory which is partially occupied by Ukraine forces.
“Ukrainian troops who have fought against the North Koreans have described them as fierce warriors. But disorganization in their ranks and a lack of cohesion with Russian units have quickly driven up casualties, a Ukrainian official said,” the officials claimed to the Times.
“Since arriving on the battlefield, the North Korean soldiers have been left to fend for themselves, advancing with few armored vehicles and rarely pausing to regroup or fall back, according to Ukrainian officials and frontline troops,” the report says.
None of this can be independently verified, and in the past Western and Ukrainian officials have used such anonymous quotes to the Times to advance wartime propaganda; however, there have been some indicators of disorganization and lack of communication and experience among the North Korean and Russian troops as they struggle to coordinate on the battlefield.
Pyongyang also chiefly sent foot soldiers in, and not entire support units for example with armor or heavier weapons. This does indeed make these DPRK forces more vulnerable and entirely reliant on their Russian allies. This also leaves them more exposed to land mines and small drone attack.
But North Korea has indicated it’s sent its “best-trained special operations troops” to help Putin’s forces, and additional reinforcements are expected “within the next two months,” the NYT reported last week.
The Times further frames the NK troops being pulled back in the following context:
The longer Ukrainians troops hold Kursk, the more embarrassing it becomes for Russia’s president, Vladimir V. Putin. Though Mr. Putin has vowed to expel the Ukrainian forces, he has been hesitant to divert troops from the main Russian operations in eastern Ukraine, in part to similarly strengthen his hand in future negotiations.
…Many of the soldiers are among North Korea’s best-trained special operations troops, but the Russians appear to have used them as foot soldiers, sending them forth in waves across fields studded with land mines to be mowed down by heavy Ukrainian fire.
It should be added that morale among these foreign forces must be low if they generally come to be perceived as ‘expendable’. This is a narrative Kiev has advanced, at least.
“The American officials said the decision to pull the North Korean troops off the front line may not be a permanent one,” NYT continues. “It is possible, they said, that the North Koreans could return after receiving additional training or after the Russians come up with new ways of deploying them to avoid such heavy casualties.”
But again, none of this can be verified at all – and it’s possible the opposite might be true… that they are fighting well and effectively. Moon of Alabama has posited the following….
I do not believe that any politician or military in the west will believe that nonsense which is again solely sourced to Ukrainian military intelligence claims. But there is clear campaign by the Ukrainian government to make the issue stick. What is its hope? To induce South Korea to send its forces to fight North Koreans on the Ukrainian border with Russia?
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
GLOBAL ISSUES//
MARK CRISPIN MILLER
DR PAUL ALEXANDER
Anthony Colpo on Robert Malone; make of it what you wish; “Robert Malone’s Travelling Partner Reveals He Was NOT Vaccinated in 2021; We all knew Sly Malone’s ‘vaccination’ claim was bollocks”
| Dr. Paul AlexanderJan 30 |
Start here:
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
‘It never made sense.
Robert Malone, the self-proclaimed ‘inventor of mRNA vaccination,’ claimed he received two shots of the Moderna gene therapy in April 2021.
This is despite the emphatic statements of he and his wife that he knew all along mRNA technology was not yet fit for human use. Indeed, mRNA technology has a track record of abject failure that spans over 30 years.
Malone pretended he was pig-ignorant of the freely available clinical trial research and VAERS data, which had amply demonstrated the Moderna drug was unsafe and ineffective long before April 2021.
For a “highly trained” vaccine developer who loves to boast in his resume and court depositions about all the clinical trials he has been involved in, and his dozens of published papers, this is not a tenable claim.
For ‘proof’ of the Moderna drug’s efficacy, Malone pretends to be an outsider who was forced to rely on the word of Peter Marks, director of the FDA’s Center for Biologics Evaluation and Research.
He also claims he took the drug because journalists were claiming it was effective in treating ‘long COVID.’ Again, the claim that a “highly trained” vaccine developer would ignore decades of first-hand observation and instead believe idiot journalists is preposterous.
Malone is no outsider. He is a self-admitted insider who has been “deep inside the belly of the beast,” as he himself describes his Deep State involvement. He has enjoyed intimate and lucrative relationships with DOD, DARPA, NIH and Fauci’s NIAID.
Malone also claimed he received the Moderna gene therapy in order to meet impending travel requirements.
Which makes the clip below an extremely interesting one. It is a snippet from a Tommy’s Podcast interview with Steven Hatfill (the full interview is available here). Hatfill is the guy who was initially blamed for the Anthrax psy-op ‘outbreak’ of 2001, then later cleared of wrongdoing by the FBI.
In November 2019, Hatfield released a fear porn tome titled Three Seconds Until Midnight which, by way of remarkable coincidence, predicted an impending influenza pandemic.
On September 13, 2021, Hatfill, Malone and a number of other speakers gave presentations to the Italian senate. This meant that Stefano and Roberto had to hop aboard a plane and travel to Italy.
This trip to Italy, remember, is over four months after Malone claimed to have received the second of his Moderna shots.
Curious then, that Hatfill recalls how he and Sly Malone had to submit to rapid antigen tests in Italy because they were both unvaccinated.
“I’m not vaccinated, I don’t have a card” says Hatfill.
“Neither did Dr Malone,” adds Hatfill with a big grin, “he didn’t have a card.”
END
BREAKING!: FAA moves to close all helicopters (implicated route) from Reagan airport, the helicopter route, developing…was the AA plane targeted? how did this happen? mRNA vaccine incapacitation?
pure accident? how? did the Malone Bourla (future STARGATE AI cancer mRNA) vaccine do this? cause cockpit incapacitation of someone? Trump was WRONG in press conference to slam DEI, not now!
| Dr. Paul AlexanderJan 31 |
Musk’s role? Firing the FAA chief? What is going on?
I did not agree with or like POTUS Trump’s press conference where he blamed DEI etc. and the air traffic controllers and military pilots and did not give us any evidence. Even if it is so. Not the right time…There were people still strapped in their seats DEAD upside down in the POTOMAC water and thus why did he not take the temperature of the room?
This was wrong!
SLAY NEWS
| Moderna CEO Stéphane Bancel has boasted to fellow World Economic Forum (WEF) members that his company developed Covid mRNA “vaccines” in 2019 because they knew there was “going to be a pandemic.”READ MORE |
| Piers Morgan Admits He Was ‘Completely Wrong’ for Pushing Covid ‘Vaccines’: ‘I’m Pretty Ashamed’British corporate media journalist Piers Morgan has admitted that his aggressive advocacy in support of mass-injecting the public with Covid mRNA “vaccines” was “completely wrong.”READ MORE |
| Comedian Ken Flores Dies Suddenly of Cardiac Arrest at 28Popular comedian Ken Flores has tragically died suddenly after suffering a fatal cardiac arrest at home, his family has announced.READ MORE |
| Ex-Democrat Senator Bob Menendez Sobs in Court as He’s Sentenced to 11 Years in Prison for CorruptionA federal judge has dropped the hammer on disgraced former Democrat Senator Bob Menendez (D-NJ) during his sentencing hearing in a New York City courtroom.READ MORE |
| Armed Man Arrested Near U.S Capitol, Sought to Kill Trump’s Treasury SecretaryAn armed man, who was plotting to kill President Donald Trump’s Treasury Secretary Scott Bessent, has been arrested near the U.S. Capitol in Washington D.C.READ MORE |
| Trump’s White House Blames Soaring Egg Prices on Biden’s ‘Mass Killing’ of ChickensWhite House Press Secretary Karoline Leavitt has revealed that former President Joe Biden’s policies have caused the prices of eggs to soar.READ MORE |
| Trump Proposes Sending Violent Serial Criminals to Prisons in Foreign CountriesPresident Donald Trump has unveiled a controversial proposal aimed at moving violent repeat offenders from American soil to be incarcerated in a foreign country.READ MORE |
| Trump Directs Elon Musk to Expedite Rescue of NASA Astronauts Stranded in SpacePresident Donald Trump has called on SpaceX CEO Elon Musk to rescue two American NASA astronauts stranded in space and bring them home “as soon as possible.”READ MORE |
| Videos Show Horror Mid-Air Collision in Washington DC, Dozens Fears Dead After Plane Crashes into HelicopterVideos have emerged showing the shocking moment an American Airlines passenger jet with 64 people on board crashed mid-air into a military helicopter in Washington D.C.READ MORE |
| Whoopi Goldberg Melts Down Over Karoline Leavitt, Claims ‘Young Lady’ Only Press Secretary Due to ‘Wokeness’“The View” co-host Whoopi Goldberg has unloaded in an angry rant against President Donald Trump’s White House Press Secretary Karoline Leavitt.READ MORE |
| Trump Signs Executive Order to Deport Foreign Pro-Hamas Protesters and Anti-Semitic StudentsPresident Donald Trump has signed an executive order that seeks to crack down on pro-Hamas protests from anti-Semitic foreign nationals.READ MORE |
| DHS Chief Kristi Noem Scraps Biden’s Amnesty for 600,000 Illegal AliensNewly anointed Department of Homeland Security (DHS) Secretary Kristi Noem has scrapped former President Joe Biden’s parting gift to hundreds of thousands of illegal aliens.READ MORE |
| Democrat Senator Warns RFK Jr: ‘You Must Support MANDATORY Vaccinations’In a chilling statement before the U.S. Senate, Democrat Sen. Sheldon Whitehouse (D-RI) warned Robert F. Kennedy Jr. that he “must support mandatory vaccinations” for the general public if he wants to lead the U.S. Department of Health and Human Services (HHS).READ MORE |
NEWS ADDICTS
| USDA inspector general escorted out by security after refusing to leave office after firing The inspector general of the U.S. Department of Agriculture, Phyllis Fong, was reportedly escorted out of her office by security agents on Monday after refusing to comply with her firing by the Trump administration. According to sources familiar with the matter, Fong had informed her colleagues …READ MORE |
| Trump DOJ consider dropping federal bribery charges against Eric AdamsJustice Department is reportedly considering dropping federal charges against New York City Mayor Eric Adams, who was recently indicted on bribery, wire fraud, and conspiracy charges by the Southern District of New York. If the case is dismissed, Adams would avoid becoming the first sitting NYC mayor to face criminal prosecution. According to the indictment, Adams allegedly accepted $10 million …READ MORE |
| Senator Bob Menendez sentenced to 11 years in prison for briberyFormer Democratic Senator Bob Menendez, 71, broke down in tears in a Manhattan courtroom as Judge Sidney Stein sentenced him to 11 years in prison on bribery and corruption charges. Federal prosecutors had requested a 15-year sentence, citing Menendez’s “shocking levels of corruption” and the vast amounts of cash, gold bars, and luxury items found in his possession. Menendez’s legal …READ MORE |
| President Trump signed Laken Riley Act into lawPresident Donald Trump signed the Laken Riley Act into law on Wednesday, marking the first bill he has enacted as the 47th President of the United States. The legislation requires the Department of Homeland Security (DHS) to detain non-citizens who are charged with or convicted of crimes such as theft-related offenses, assaulting a police officer, or causing serious bodily injury …READ MORE |
| Trump to sign executive order to send illegals to Guantanamo Bay facility that can hold 30,000President Donald Trump has announced plans to sign an executive order directing the Department of Defense and Homeland Security to detain illegal immigrants at Guantanamo Bay, the high-security U.S. military facility in Cuba. According to Trump, the facility will be used to house up to 30,000 illegal aliens, with a focus on the “worst of the worst”—individuals deemed criminal threats …READ MORE |
EVOL NEWS
———-
Subject: 
Manhunt Underway for 3rd Trans Suspect in Killing of Border Patrol Agent
| LATEST REPORTS FOR NEWS JUNKIESManhunt Underway for 3rd Trans Suspect in Killing of Border Patrol AgentFederal authorities have launched a nationwide manhunt for a transgender individual suspected of supplying the firearms used to kill a US Border Patrol agent in Vermont on January 20.Michelle Jacqueline Zajko, 32 (b. 12/31/1992), is considered “armed and dangerous.” He is also the person of interest in the 2023 murder of his parents in Pennsylvania, and uses the aliases “Jacqueline …READ THE FULL REPORTDem Party in Michigan Calls for Hanging Trump Supporters ‘By the Neck Until Dead’Democratic Party official not only made comments supporting the lynching of Trump supporters on Facebook, but went on talk radio to vigorously defend them, even though they were taken down.According to The Midwesterner, a Michigan-based conservative-leaning publication, the comments were made by Lenawee County Democratic Party Chairman Bill Swift from the official party account.Screenshots of the posts from last week, …READ THE FULL REPORTREPORT: Six Republicans may doom Tulsi Gabbard nomination for DNIChad Pergram said today on Fox Business that as many as six Republicans may vote against Tulsi Gabbard’s nomination to become the Director of National Intelligence: He didn’t say who they were but I did some digging, and it appears that Mitch McConnell is one of them. Here’s the list I found: Mitch McConnell Thom Tillis Lisa Murkowski Susan Collins …READ THE FULL REPORTFormer Senior Obama and Clinton Aide Sentenced to 11 Years for Attempted Child RapeA former senior advisor to Barack Obama has been sentenced to 11 and a half years in prison.Rahamim Shy, 47, was arrested in February 2024 by police in the United Kingdom after travelling to the country with a view to meeting a nine-year-old girl for sex.Shy had reportedly planned the meeting for around a month, speaking with an individual named …READ THE FULL REPORTPete Hegseth Reveals More Info on Army Helicopter Involved in Deadly Plane CrashSecretary of Defense Pete Hegseth said Thursday morning that a “fairly experienced” crew was on the Army Black Hawk helicopter that collided with an American Airlines flight near Washington, D.C., Wednesday night before both aircraft crashed into the Potomac River.Sixty-four people, including passengers and crew, were on board American Airlines Flight 5342, a regional jet that was preparing to land …READ THE FULL REPORT |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
end
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL
Traders Go All-In On Middle East Oil As Sanctions Reshape Market
Friday, Jan 31, 2025 – 01:00 PM
By Julianne Geiger of OilPrice.com
Oil traders are making big moves in the Brent-Dubai spread, a contract that lets them bet on the price gap between Middle Eastern crude and global benchmark Brent. The action has hit record levels, thanks to U.S. sanctions on Russian oil that are forcing buyers to look elsewhere for supply, with the situation presenting a lucrative opportunity for traders willing to play.
This week, open interest on the Brent-Dubai contract surged to an all-time high of 448,000 contracts, Bloomberg stated on Thursday. That spike comes as Dubai crude recently hit its highest premium over Brent in at least a decade.
The reason?
Buyers that once relied on Russian oil are scrambling for alternatives, and many are turning to the Middle East.
With demand soaring, Middle Eastern oil prices are climbing faster than crude from other regions. That’s creating ripple effects across the market. European refiners, who might typically buy oil from the North Sea or Kazakhstan, are seeing their usual supplies rerouted to Asia instead. Asian refiners, eager for stable and competitively priced barrels, are snapping up whatever they can get–from wherever they can get it.
For traders, Russian sanctions and Trump’s squeeze on Canada and push on OPEC is a golden opportunity. For refiners and buyers, it’s another challenge in a world where energy flows are anything but predictable.
As long as sanctions stay in place and Russian crude remains off-limits to many, expect more big bets on Middle Eastern oil and continued price swings in global crude markets.
The latest Reuters survey published over the weekend suggested that Saudi Arabia would raise its official selling prices to Asia for March—the highest against the benchmarks since January 2024.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA/MEXICO
Tariff Concerns Surge On Earnings Calls Ahead Of Canada & Mexico Deadline
by Tyler Durden
Friday, Jan 31, 2025 – 06:55 AM
White House spokeswoman Karoline Leavitt told reporters on Tuesday that President Donald Trump still plans to slap tariffs of about 25% on imports from Canada and Mexico on Saturday unless the countries halt the illegal alien invasions and fentanyl flows into the US. The president has also warned that China faces 10% tariffs.
Yesterday, right before the close, Trump reiterated his threat about tariffs on Mexico and Canada.
This trade uncertainty has pushed tariff mentions on earnings calls by management teams of S&P 500 and Stoxx Europe 600 companies to their highest level since 2018—when Trump first launched the trade war.
It’s no secret that Trump’s ‘America First’ agenda includes imposing across-the-board tariffs on top trading partners. The story count of “tariff” articles in corporate media began surging in mid-2024.
When reporters asked Leavitt about Trump’s Saturday deadline for Canada and Mexico, she said the president “still holds” the line.
“The president has also put out specific statements in terms of Canada and Mexico, when it comes to what he expects in terms of border security.” Leavitt added, “We have seen a historic level of cooperation from Mexico. But again, as far as I’m still tracking, and that was last night talking to the president directly, Feb. 1 is still on the books.”
Adding more color on the trade situation, Goldman Sachs Chief Economist Jan Hatzius told clients last week after Trump’s series of executive orders that initial trade policy coming from the Trump-Vance administration was “more benign than expected,” adding, “the president’s comments on China were notably less hawkish than during the presidential campaign or even his more recent comments since the election.”
Hatzius noted, “And while we viewed a “universal tariff” as a clear risk, the president’s comments suggest that, for now, it is a lower priority than we would have expected.”
Goldman’s tariff expectations:
Suppose Trump’s tariffs on Canada or Mexico take effect on Saturday. In that case, a sharp increase in tariff and all other trade mentions during future earnings calls between analysts and management teams is expected.
Trump’s stance on tariffs has remained the same since the campaign trail.
END
THEN LATE THIS AFTERNOON:
Trump Slaps 25% Tariffs On Canada & Mexico, 10% On China
Friday, Jan 31, 2025 – 01:33 PM
Tomorrow, February 1, the Trump administration will slap 25% tariffs on Canada and Mexico, and a 10% tariff on China, as announced during Friday’s press briefing by White House spox Karoline Leavitt, who denied reports of a delay to March 1.
There will be no delay, selective targeting, or slow roll-out of phased-in tariffs as speculated by Goldman Sachs and Deutsche Bank.
That said, there could be certain exemptions – such as for oil and gas, which Leavitt did not elaborate on. For now, all we have to go on is Trump’s most recent comments on oil:
“It depends on what the price is. If the oil is properly priced, if they treat us properly — which they don’t,” he said Thursday while speaking with reporters.
The United States imported nearly 4.6 million barrels of oil per day from Canada in October, and 563,000 barrels from Mexico. Daily US production over the same period averaged nearly 13.5 million barrels per day.
So in this scenario – full tariffs with zero quarter given, “we would expect to see USDCAD move decidedly higher come Monday, challenging the 1.50 level and representing a more than 3% move higher in the cross relative to current spot. To be clear, Canada could retaliate with dollar-for-dollar tariffs in absolute terms since its trade relationship with the US is balanced, however, USDCAD will still be higher given that the US economy is more than 10x the size of its Canadian counterpart,” according to DB.
On Friday, Canadian Prime Minister Justin Trudeau said that any tariffs would stoke an ‘immediate’ and ‘forceful’ response.
“We’re ready with a response – a purposeful, forceful but reasonable, immediate response. It’s not what we want, but if he moves forward, we will also act,” said Trudeau, adding that all options were on the table.
Canada sends 75% of its goods and services exports to the US, meaning that the tariffs will sting.
“I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau continued. “I know Canadians might be anxious and worried, but I want them to know the federal government, and indeed, all orders of government, have their backs.”
Ontario Premier Doug Ford has already vowed to slap back by pulling American alcohol off of store shelves (and into his pantry?) – as Canada is the world’s second largest market for America’s distilled spirits, behind the 27-nation EU.
Developing…
end
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS FRIDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0392 DOWN 5 BASIS PTS
USA/ YEN 154.83 UP .757 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 1.2426 UP .0004 OR 4 PTS
USA/CAN DOLLAR: 1.4473 DOWN 0.0021 (CDN DOLLAR UP 21 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED GOLDEN WEEK
Hang Seng CLOSED GOLDEN WEEK
AUSTRALIA CLOSED UP 0.50%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED
/SHANGHAI CLOSED
AUSTRALIA BOURSE CLOSED UP 0.50%
(Nikkei (Japan) CLOSED UP 58.52 PTS OR 0.15%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2805.00
silver:$31.67
USA dollar index early FRIDAY morning: 108.09 UP 44 BASIS POINTS FROM THURSDAY’s CLOSE.
FRIDAY MORNING NUMBERS ENDS
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And now your closing FRIDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.948% UP 6 in basis point(s) yield
JAPANESE BOND YIELD: +1.240% up 3 AND 0/ 10 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.111 UP 1 in basis points yield
ITALIAN 10 YR BOND YIELD 3.545 DOWN 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4555 DOWN 5 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0364 UP .0033 OR 33 basis points
USA/Japan: 154.65 UP 0.609 OR YEN IS DOWN 61 BASIS PTS//
Great Britain 10 YR RATE 4.5760 DOWN 3 BASIS POINTS //
Canadian dollar DOWN .0025 OR 25 BASIS pts to 1.4519
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The USA/Yuan, CNY ON SHORE CLOSED XXXX (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.2981)
TURKISH LIRA: 35.87 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.240
Your closing 10 yr US bond yield DOWN 1 in basis points from WEDNESDAY at 4.510% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.759 DOWN 1 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.2197 DOWN 2 BASIS PTS.
GOLD AT 11;00 AM 2816.00
SILVER AT 11;00: 31.65
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 27.08 pts or 0.31%
German Dax : UP 4.80 pts or 0.02%
Paris CAC CLOSED UP 8.53 pts or 0.11%
Spain IBEX CLOSED DOWN 50.20 PTS OR 0.41%
Italian MIB: CLOSED UP 42.03 PTS OR 0.12%
WTI Oil price 71.99 11 EST/
Brent Oil: 75.46 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 98.87 ROUBLE DOWN 0 AND 1/100
GERMAN 10 YR BOND YIELD; +2.4555 DOWN 5 BASIS PTS.
UK 10 YR YIELD: 4.5760 DOWN 3 BASIS POINTS
CDN 10 YEAR RATE: 3.085 DOWN 7 BASIS PTS.
CDN 5 YEAR RATE: 2.753 DOWN 10 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0365 DOWN 0.0032 OR 32 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2392 DOWN 0.0030 OR 30 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.5518 DOWN 1.095 BASIS PTS//
JAPAN 10 YR YIELD: 1.240
USA dollar vs Japanese Yen: 155.18 up 1.095 OR 110 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4538 UP .0048 BASIS PTS CDN DOLLAR DOWN 48 BASIS PTS
West Texas intermediate oil: 72.57
Brent OIL: 76.03
USA 10 yr bond yield up 6 BASIS pts to 4.570
USA 30 yr bond yield up 7 BASIS PTS to 4.828%
USA 2 YR BOND: UP 2 PTS AT 4.228
CDN 10 YR RATE 3.104 DOWN 3 BASIS PTS
CDN 5 YEAR RATE: 2.774 DOWN 3 BASIS PTS
USA dollar index: 108.25 UP 62 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.85 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 98.58 UP 0 AND 8/100 roubles
GOLD 2,799.65 (3:30 PM)
SILVER: 31.29 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: DOWN 337.47 PTS OR 0.75%
NASDAQ 100 DOWN 30.08 PTS OR 0.14%
VOLATILITY INDEX: 16.56 UP .72 PTS OR 4.55%
GLD: $ 258.56 OR UP 0.21 PTS OR 0.73%
SLV/ $28.51 PTS OR DOWN 0.21 OR 1.00%
TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 258.56 PTS OR 1.00%
end
TRADING today ZEROHEDGE
Trump 2.0 Sparks Best January For Gold In A Decade; Bonds, Bitcoin, & Big-Tech Bounce-Back
END
USA DATA
Headline PCE Inflation Continues To Rise; Savings Rate Revised Down… Again
Friday, Jan 31, 2025 – 08:40 AM
With constant fearmongery about Trump’s tariffs prompting a panic-flation, it is interesting to note that inflation data has been serially disappointing in recent weeks (printing below expectations)…
Source: Bloomberg
And this morning we get The Fed’s (old) favorite inflation indicator (until they changed their minds because it didn’t fit the narrative) – Core PCE – print at +2.8% YoY (flat from the prior month).
Source: Bloomberg
Headline PCE rose to +2.6% (as expected)…
Source: Bloomberg
The so-called SuperCore inflation remains very sticky, well above The Fed’s mandate…
Source: Bloomberg
While Cyclical PCE continues to slide, Acyclical inflation (the segment that The Fed can’t really ‘manage’), pushed higher…
Source: Bloomberg
As the cost of goods keeps rising, so does income and spending (the former +0.4% as expected and the latter +0.7%, more than expected)…
Source: Bloomberg
Remember when the Biden admin scrambled to revise GDP higher and artificially inflated the savings rate to make it possible.
Well guess what happened after all the data revisions…
Finally, not a pretty picture…
Source: Bloomberg
So will inflation be resurgent due to Trump tariffs… or the lagged impact of the money supply surge of the last 12 months to try and pump Bidenomics?
III USA ECONOMIC NEWS
Trump Targets DEI Hiring Practices After Deadly Crash Near Reagan National Airport
Thursday, Jan 30, 2025 – 04:40 PM
President Donald Trump on Jan. 30 alleged that the midair crash that killed 67 people near Ronald Reagan National Airport was influenced by the Biden administration’s diversity, equity, and inclusion (DEI) hiring practices at the Federal Aviation Administration (FAA).
“I put safety first. Obama, Biden and the Democrats put policy first…” Trump said.
The accident – the deadliest U.S. plane crash since November 2001 – occurred at around 9 p.m. on Jan. 29.
Trump accused former President Joe Biden of weakening hiring standards for air traffic controllers, alleging that the Transportation Department led by former Secretary Pete Buttigieg prioritized hiring “[controllers] with severe disabilities.”
“They put a big push to put diversity into the FAA program,” Trump alleged.
“The FAA is actively recruiting workers who suffer severe intellectual disabilities, psychiatric problems, and other mental and physical conditions under a diversity and inclusion hiring initiative spelled out on the agency’s website.”
Buttigieg responded to Trump’s allegations in a post on X.
“Despicable. As families grieve, Trump should be leading, not lying,” he said.
“We put safety first, drove down close calls, grew Air Traffic Control, and had zero commercial airline crash fatalities out of millions of flights on our watch.”
The former transportation secretary pointed out that the Trump administration now leads both the military and the FAA.
“One of [Trump’s] first acts was to fire and suspend some of the key personnel who helped keep our skies safe. Time for the president to show actual leadership and explain what he will do to prevent this from happening again,” Buttigieg said.
As Jacob Burg reports for The Epoch Times, during the previous administration, the FAA had a “Diversity and Inclusion” webpage that said:
“Diversity is integral to achieving the FAA’s mission of ensuring safe and efficient travel across our nation and beyond.”
The agency’s “Aviation Safety Workforce Plan” described its policy of “attracting and hiring talented applicants from diverse backgrounds,” with a commitment to diversity and inclusion to create a “workforce with the leadership, technical, and functional skills necessary to ensure the United States has the world’s safest and most productive aviation sector.”
In February 2024, a group of 11 Republican attorneys general wrote a letter to the FAA accusing the Obama administration of seeking out applicants with “severe intellectual” and “psychiatric” disabilities.
However, the FAA’s “Diversity and Inclusion” webpage was established in February 2013 and stayed active throughout the entire first Trump administration. It was not spearheaded or developed by Biden or Buttigieg.
Trump: No Confirmation Controllers Were to Blame
In April 2024, the FAA declined to comment on the “diversity hiring” allegations but said its top priority is to hire “highly qualified air traffic controllers” in a statement to The Epoch Times.
“Every FAA-certified air traffic controller has gone through months of screening and training at the FAA Academy, and that is before another 18-24 months of training to learn specific regions and airspace,” an agency spokesperson said.
The FAA did not respond to a request for comment on Trump’s Jan. 30 allegations.
Trump later said that it might not have been the fault of air traffic controllers or the FAA’s hiring practices, “We don’t know that necessarily.”
Defense Secretary Pete Hegseth said in a morning briefing that the helicopter pilots were wearing night vision goggles at some point during their flight.
Trump said night vision could have affected the pilots’ view of the incoming American Airlines jet.
“That would be, maybe, a reason why you wouldn’t actually see as well as on a clear night,” he told reporters at the White House press briefing.
Juan Browne, a pilot for one of the major U.S. airlines, told The Epoch Times that night vision goggles could have completely obscured the airplane’s landing lights if the helicopter pilots were wearing them at the time of the collision.
He said it was potentially a “huge contributing factor.”
Not only would night vision pose issues with Washington’s city lights below, but also with the airplane’s landing lights, which would have been blinding for the helicopter pilots wearing the night vision goggles, Browne added.
Trump said the helicopter should not have been at the same altitude as the commercial jet. The crash occurred at around 400 feet above the ground.
“The people and the helicopter should have seen where they were going. I can’t imagine people with 20–20 vision not seeing what’s happening up there,” he said.
“They shouldn’t have been at the same height.”
Military helicopters have an “above ground level” (AGL), which is the maximum altitude the aircraft can operate at in specific airspace.
The Transportation Department and FAA did not respond to requests for comment on whether the military helicopter was operating within an authorized altitude. The Pentagon referred that question back to the FAA.
The National Transportation Safety Board has yet to release any official causes for the accident.
Trump said all 64 people on board the American Airlines flight died in the collision. The military officers on the helicopter, who have not yet been named publicly, also perished.
The president will be releasing a list of the victims’ names soon, “in coordination with American Airlines” and the military.
end
Trump Admin Canceling Funding To NGOs Involved In Illegal Immigration, Noem Says
Thursday, Jan 30, 2025 – 07:00 PM
Homeland Security Secretary Kristi Noem said on Wednesday that the Trump administration will cancel funding to nongovernmental organizations (NGOs) that facilitate illegal immigration.
The comment was made as federal immigration officials ramp up enforcement efforts across the United States and in major cities.
Noem said that the administration “has stopped all grant funding that’s being abused by NGOs that’s being used to facilitate illegal immigration” into the United States.
“Many of these NGOs actually have infrastructure and operations set up in Mexico, on that side of the border, and are telling those illegal immigrants to come to them, and they will get them across the border,” Noem said in an interview on the Fox News Channel’s “Will Cain Show.”
Those NGOs, she said, are “not just operating in the United States, they’re operating outside the United States to help make it easier for those who want to break our laws.”
As Jack Phillips reports via The Epoch Times, the Trump administration will freeze funding to those groups and determine whether those funds were going to causes aligned with the White House’s policies, she said. A review will be carried out, and before then, the Department of Homeland Security (DHS) will not spend more to help “the destruction of this country,” she added.
“When somebody said NGO to me, I thought that [was] a nonprofit telling somebody about Jesus or spreading faith and salvation,” Noem said.
“Then I realized over the years, it’s been perverted into this shadow government.”
Noem, who was confirmed as DHS secretary over the weekend, posted a video and photos of her near a New York City immigration enforcement operation on X early Tuesday, highlighting the arrest of a suspect and saying the Trump administration was “making our streets safe.”
The Trump administration has stepped up immigration arrests in recent days with about 1,000–1,200 arrests per day, according to U.S. Immigration and Customs Enforcement (ICE) in updates posted on social media. The daily average in fiscal year 2024 was 311.
Trump has issued an array of executive orders to crack down on illegal immigration after taking office on Jan. 20, including actions aimed at deporting record numbers of illegal immigrants from the United States.
Trump says urgent action is needed after millions illegally entered during the Biden administration, while critics say Trump could hurt businesses and separate families.
Meanwhile, the Office of Management and Budget earlier this week issued an order to freeze federal grants and funding before that memo was rescinded later. That order had impacted funding to certain NGOs, including a Catholic charities organization that provides services to illegal immigrants and poorer Americans.
In a statement, Catholic Charities USA head Kerry Alys Robinson called on the Trump administration to reconsider the funding freeze because it has been providing “vital services” such as access to health care, housing, food, and more.
Noem also said in the Fox News interview that Secretary of State Marco Rubio is now working to find ways to convince other nations to accept the return of their nationals.
“I was talking to him on the phone at 1 o’clock in the morning, and he was up and still discussing negotiations with other countries,” she said. “And the president, clearly, will exercise all the authority and power that he has to make these countries take them back.”
end
It Took $5.8 In Debt To Generate $1 Of US “Growth” In The Fourth Quarter
Friday, Jan 31, 2025 – 02:05 PM
We will have much more to say on the composition of yesterday’s first estimate of Q4 GDP which as we highlighted was a very ugly print, and only another quarter of extensive government spending (the 10th quarter in a row) and a record beat of consumer spending relative to expectations, prevented the GDP print from sliding into the 1% range…
… but even if one assumes that there was nothing abnormal about the number itself, the context in which it was derived was astounding. Here’s why.
As the BEA reported, in Q4 US GDP grew at a seasonally adjusted rate of 2.3%, below the 2.6% estimate and down from the 3.1% growth pace in Q3. More specifically, the number represented the annualized increase in the 131BN change between what the BEA calculated was chained Q3 GDP ($23.400 trillion) and Q4 GDP ($23.531 trillion). In other words, to keep it simpler, in Q4 the US economy actually grew some $130.6 billion chained dollars.
So far so good. The only problem is what funded this growth, and as regular readers are well aware, in the US the source of all growth is – and for the past 100 years – has been debt, and boy was Q4 a doozy.
As the chart below shows, while the US generated $131bn in chained GDP growth in Q4, this was the result of a $711 billion increase in the US budget deficit, which in turn was funded with a $754 billion increase in debt which, as of Dec 31, 2024, stood at a record 36.218 trillion. The Q4 snapshot is shown below.
And it’s not just Q4. Extending this analysis to all of 2024 we find an almost identical pattern: in the full year 2024, US GDP grew by $570 billion from $22.961 trillion to $23.531 trillion, growth which was made possible by a near record $2.034 trillion increase in the budget deficit, which in turn was funded by a mammoth $2.2 trillion increase in debt.
The bottom line: in Q4 it took $5.8 dollars of debt to create $1 dollar of growth, an increase from $3.5 in Q3 and from $1.5 in Q2, which is to be expected: as we revealed in the summer of 2023, US growth was one giant illusion and was entirely the result of the massive debt creation spree launched under Biden. No surprise that with the election in Q4 2024, that’s when the bulk of the debt-fueled frenzy would take place.
Taking a bigger picture look, for the full year 2024, it took $3.9 dollar in debt to generate $1 in growth, an increase from the $3.6 in 2023.
What this means is that the only hope the US ever has to grow is to issue debt, or rather issue lots and lots of debt. So good luck to Trump and Elon and DOGE if they hope to slow down the firehose of US debt issuance. They may be successful, but they better have a plan for how to deal with the deep recession that will be immediately triggered as a result.
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11 Random Facts That Show That America Is Rotting And Decaying Right In Front Of Our Eyes
Friday, Jan 31, 2025 – 02:45 PM
Authored by Michael Snyder via TheMostImportantNews.com,
We are in far more trouble than most people realize. Fentanyl and other drugs are ravaging our cities, and homelessness, poverty and hunger are rapidly growing all around us. Meanwhile, our federal government, our state governments, and our local governments are drowning in debt, and economic conditions are steadily deteriorating. Corruption is rampant, incompetence is seemingly everywhere, and the moral decay of our society is accelerating. Unfortunately, much of the population is completely oblivious to what is going on because they are deeply addicted to the electronic gadgets that they are constantly staring at.
The following are 11 random facts that show that America is rotting right in front of our eyes…
#1 A new study has discovered that smartphones “are making teenagers more aggressive” and are causing them to “hallucinate”…
Smartphones are making teenagers more aggressive, detached from reality and causing them to hallucinate, according to new research.
Scientists concluded the younger a person starts using a phone, the more likely they would be crippled by a whole host of psychological ills after surveying 10,500 teens between 13 and 17 from both the US and India for the study, by Sapien Labs.
“People don’t fully appreciate that hyper-real and hyper-immersive screen experiences can blur reality at key stages of development,” addiction psychologist Dr. Nicholas Kardaras, who was not part of the team who did the study, told The Post.
#2 According to Bloomberg, our cost of living crisis is driving more working Americans than ever to seek assistance from food banks…
Once a month, Kersstin Eshak visits a food pantry in Loudoun County, Virginia to stretch her family’s budget.
Eshak’s husband works at a big box retailer. She works as a substitute teacher. They have income, but with prices up nearly 23% over the past five years — and still rising — their earnings just don’t stretch quite far enough some months.
Food banks across the nation are seeing a similar story: A post-pandemic wave of demand for food driven by working people caught in America’s cost-of-living crunch.
#3 The U.S. national debt was sitting at about 10 trillion dollars when Barack Obama first entered the White House. Today, it is sitting at 36.2 trillion dollars.
#4 Criminals freely roam the streets, but a pastor in Ohio could face jail time for using his church to house the homeless…
The only problem is that while opening up his church — Dad’s Place in Bryan, Ohio — to the homeless, he’s also opened himself up to the reality of city code.
“Pastor Avell has known that this was not permitted use and that he does not have firewalls, he does not have sprinkler systems,” said Bryan Mayor Carrie Schlade. “The kind of things you need in a residential facility. “
#5 A cryptocurrency called “Fartcoin” that was created as a joke currently has a market capitalization of 847 million dollars.
#6 Fentanyl is absolutely destroying communities all over America. For example, check out what has been happing in Las Cruces, New Mexico…
Las Cruces authorities say they first encountered fentanyl in 2018. In 2020, they confiscated a total of 461 pills.
In 2021, the first year of the Biden administration, fentanyl seizures exploded to more than 22,600 – and continued rising: roughly 70,000 pills were seized in 2022 and nearly 86,000 in 2023.
“It wasn’t in Las Cruces, and then it was, and then it was everywhere. In 2021, it really intensified and we’ve seen that the past few years. During that same period from 2018 to 2021, we saw a huge increase in crime: an 85% increase in violent crime and a 71% increase in property crime,” Las Cruces Chief of Police Jeremy Story stated last year during a virtual press conference on New Mexico’s fentanyl epidemic.
#7 In 2024, corporate bankruptcies in the United States reached the highest level “since the 2008 financial crisis”.
#8 We don’t hear much about cargo theft, but it reached a staggering 454 million dollars in 2024. That was a brand new all-time record high…
Cargo theft hit a record high in the U.S. and Canada for the second consecutive year, and the trend is expected to continue as criminal enterprises have become more sophisticated in their methods.
Verisk CargoNet’s annual analysis released this week found that cargo theft surged 27% from 2023 to 2024, hitting a record 3,625 reported incidents last year with an average value of $202,364 per theft. All told, the losses are estimated at more than $454 million.
#9 According to the New York Times, 15 percent of the “women” in our federal prisons are transgender.
#10 Most of the foods on our grocery store shelves are “highly processed”, and since “highly processed foods” are less expensive many U.S. consumers tend to gravitate to them…
Next time you walk down the aisles of your local grocery store, take a closer look at what’s actually available on those shelves. A stunning report reveals the majority of food products sold at major U.S. grocery chains are highly processed, with most of them priced significantly cheaper than less processed alternatives.
In what may be the most comprehensive analysis of food processing in American grocery stores to date, researchers examined over 50,000 food items sold at Walmart, Target, and Whole Foods to understand just how processed our food supply really is. Using sophisticated machine learning techniques, they developed a database called GroceryDB that scores foods based on their degree of processing.
#11 Homelessness in the U.S. is at the highest level ever recorded, and it is increasing at the fastest pace ever recorded.
We desperately need change in this country.
And you are never too young to be part of that change. Just check out how old some of our founding fathers were in 1776…
James Monroe was 18 years old.
Aaron Burr was 20 years old.
John Marshall was 20 years old.
Alexander Hamilton was 21 years old.
James Madison was 25 years old
John Jay was 30 years old.
Thomas Jefferson was 33 years old.
If we truly want to make this country great again, we need to rediscover the values and principles that once made this country so great.
Our nation is in the condition that it is today because of the choices that we have made.
If we want to turn things around, we must start making better choices. Anyone that does not understand this is just being delusional.
* * *
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.
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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
VDH
END
KING REPORT
| The King Report January 31 2025 Issue 7421 | Independent View of the News |
| As expected, the ECB cut its deposit rate by 25bps to 2.75%. This is the 5th rate cut since June. ECB cuts rates, leaves room for more easing Markets expect central bank to make 2 or 3 more cuts this year https://asia.nikkei.com/Economy/ECB-cuts-rates-leaves-room-for-more-easing US Q4 GDP (annualized q/q) 2.3%, 2.6% exp., 3.1% prior Personal consumption 4.2%, 3.2% exp., 3.7% prior GDP Price Index 2.2%, 2.5% exp., 2.2% prior Core PCE 2.5% as expected, 2.2% prior Table 2. Contributions to Percent Change in Real Gross Domestic Product: Healthcare 46, Government 42 (Federal 21), Motor Vehicles & Parts 33; Nonresidential fixed investment -31, Change in Private Inventories -93 https://www.bea.gov/sites/default/files/2025-01/gdp4q24-adv.pdf Initial Jobless Claims 207k, 225k exp., 223k prior; Continuing Claims 1.858m, 1.902m exp., 1.9m prior @charliebilello: US Auto Insurance rates have increased by 93% over the last decade, far above the 34% increase in overall consumer prices. Dow to cut 1,500 jobs as it struggles to get back to profitability https://www.marketwatch.com/story/dow-to-cut-1-500-jobs-in-program-that-aims-to-save-1-billion-3b1fe35f @NAR_Research: Pending home sales retracted 5.5% in December (unchanged m/m exp.)– following 4 months of increases – according to NAR. All four U.S. regions experienced month-over-month losses in transactions, with the most significant fall in the West. (-2.9% y/y, +4.2% exp) https://t.co/NfLwYGSGWd @nickgerli1: Home builders are signaling a recession warning for US economy. There’s only been five other times in US history where home builder inventory has been this high, relative to sales. 1974 recession (9% unemployment) 1981 recession (11% unemployment) 1991 recession (8% unemployment) 2008 recession (10% unemployment) 2022 rate hikes 4/5 times, there was a big recession, with a high unemployment rate. In 2022 it didn’t happen. What does this mean for economy heading into 2025? Are home builders signaling something regarding over supply and capacity that could flip into an economic downturn? https://x.com/nickgerli1/status/1884639327147503713 The NY Fang+ Index was -1.81% near 11:00 ET. ServiceNow was -13.02%, Microsoft was -6.43%, Nvidia -4.16%, and Amazon was -1.81%. Broadcom was +6.2%, Google was +1.61%, Meta +1.07% ESHs waffled during early Nikkei trading but commenced a rally after 19:00 ET that took them to 6093.00 at 21:16 ET. ESHs then traded sideways, with a slight downward bias, until they commenced the rally for European opening near 2:30 ET. ESHs hit a peak of 6101.00 at 3:55 ET. After a decline to 6074.25 at 7:18 ET, the rally for the NYSE opening took ESHs to a daily high of 6109.75 at 9:54 ET. Aggressive liquidation then appeared; ESHs sank to a daily low of 6056.50 at 11:11 ET. The manipulation for the 11:30 ET European close boosted ESHs to 6093.25 at 11:57 ET. ESHs then sank to 6070.25 at 12:28 ET. The afternoon rally and the manipulation to game January performance took ESHs to a new daily high of 6116.25 at 15:23 ET. ESHs then plunged to 6067.75 at 15:45 ET because Trump said he would decide whether to impose tariffs on Mexicao and Canada on Thursday night. A desperate late manipulation pushed ESHs to 6097.75 at 15:53 ET (30 points in 18 minutes!). After a brief rest, another manipulation pushed ESHs to 6106.25 at 15:57 ET. Gold stockpiling in New York leads to London shortage – The FT The wait to withdraw bullion stored in the Bank of England’s vaults has risen from a few days to between four and eight weeks, according to people familiar with the process, as the central bank struggles to keep up with demand… (Gold soared to an all-time high on Thursday.) https://www.ft.com/content/86a5fafd-603e-4ee1-9620-39b5f4465f53 @GlobalMktObserv: US money supply is near its RECORD: M2 money supply jumped to $21.5 trillion, the highest since August 2022. M2 has risen by $870 BILLION since October 2023. The money supply is sitting ~$190 billion below an all-time high. No surprise gold is rising. https://t.co/uaEygKKy85 @WallStreetMav: The Biden administration was massively overestimating job growth in 2024. All of the data is being revised now. We LOST 200,000 jobs in Q2 of last year. The initial estimates overstated job growth by 800,000 in that single quarter. https://twitter.com/WallStreetMav/status/1885022096050278436?s=02 Positive aspects of previous session The DJIA rallied 0.38% and the S&P 500 Index gained 0.53%. USHs were +12/32 at the NYSE close. Negative aspects of previous session Gold hit an all-time high; precious metals soared. The DTJA declined sharply: the NY Fang+ Index declined sharply early and closed -1.1% Ambiguous aspects of previous session Will the blatant late manipulation of ESHs ever be penalized? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6061.76 Previous session S&P 500 Index High/Low: 6086.64; 6027.46 Apple Q1 EPS 2.40, 2.35 exp.; Rev $124.3B, $124.1B exp.; iPhone Rev $69.14, $71.04B exp., Greater China Rev $18.51B, $21.57B exp. Apple surged to 245.44 (237.59 close) on the EPS headline but quickly plunged to 235.5025 on its disappointing iPhone and China revenue numbers. After Apple CFO Parekh said Q2 revenue would grow by low to mid-single digits, Apple soared to 248.35! @zerohedge: iPhone sales down YoY and now flat for the past decade. That’s called zero innovation and absolutely no AI supercycle. https://x.com/zerohedge/status/1885081630991114310 @elonmusk: If no judge is EVER removed from the bench, no matter HOW unjust their verdicts, our legal system is fundamentally broken. This MUST happen. Fed Balance Sheet: -$13.574B with MBS -$12.279B; Reserves at Fed: -$107.493B Today – The usual suspects will play for the Friday Rally and the manipulation to game January performance. Apple’s after-hour rebound rally, after a tumble on disappointing revenue components, due to a forecast of a tiny Q2 revenue gain evinces that the usual suspects will buy stuff on flimsy excuses. Month end party pooper possibility: DJT imposes 25% tariffs on China and Canada. Expected earnings: PSX -.25, AON 4.25, CVX 2.11, CL .89, GWW 9.73 Expected economic data: Q4 Employment Cost Index 0.9%; Dec Personal Income 0.4%, Spending 0.5%, PCE Price Index 0.3% m/m & 2.6% y/y, Core PCE 0.2% m/m & 2.8% y/y; Jan Chicago PMI 40; Fed Gov Bowman speaks on the economy and banks at 8:30 ET ESHs are +8.25; NQHs are +76.00 (performance gaming); and USHs are -9/32 at 20:05 ET. S&P Index 50-day MA: 5987; 100-day MA: 5875; 150-day MA: 5752; 200-day MA: 5625 DJIA 50-day MA: 43,672; 100-day MA: 43,016; 150-day MA: 42,069; 200-day MA: 41,249 (Green is positive slope; Red is negative slope) S&P 500 Index (6071.17 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 5962.31 triggers a sell signal Hourly: Trender is negative; MACD is positive – a close above 6086.13 triggers a buy signal Day before D.C. plane crash, another jet had to abort first landing at Reagan National – WaPo Just 24 hours before the collision of American Eagle Flight 5342 and an Army Black Hawk helicopter near Reagan National Airport on Wednesday, another jet trying to land there had to make a second approach after a helicopter appeared near its flight path, according to an audio recording from air traffic control… https://www.washingtonpost.com/dc-md-va/2025/01/30/dc-plane-crash-updates-helicopter-potomac-reagan-airport/ Ronald Reagan Washington ‘one of the most demanding airports’ for pilots, who face ‘helicopter alley’ https://trib.al/SveGtEj @kristina_wong: Spoke to someone who served in the same unit as the Army Black Hawk crew, knew them personally, and flew those routes. He made the following points: 1) That it was a training flight was not unusual at all. Those flights are flown everyday. 2) The co-pilot was going through her annual evaluation for night flying. Night vision goggles can magnify light, making it easier to confuse aircraft lights with ground lights. 3) Runway 33 — where Air Traffic Control told the passenger jet (CRJ) to land — is “rarely used.” This person said in his four years, he saw it being used 10 times. It is a much shorter runway than the main one used, which is Runway 1. 4) The Black Hawk appeared to confuse the passenger jet with another plane landing at Runway 1 — which is why the pilot-in-command confirmed seeing the CRJ and requesting “visual separation,” or essentially saying he would avoid it. 5) The CRJ was circling to land and making a left turn at the time. The Black Hawk was in its blind spot. 6) The crew was experienced: The instructor pilot had just under 1,000 flying hours. He was former Navy. The co-pilot had around 500 hours, and the crew chief — who served on multiple combat tours — around 1,000 hours. They flew these same routes for at least three years. 7) It was not unusual to have three crew members on a Black Hawk. There’s only four for certain mission sets. Whether the crew chief saw the CRJ would have depended on which side he was sitting on. 8) It was a dark night, with no moon. 9) Air Traffic Control could have told the Black Hawk to hold north, or diverted it. 10) Potential changes could be to change the route, altitude, or hours during heavy air traffic. “All these things, they all made for the perfect storm.” Trump: “The airplane was on a perfect and routine line of approach to the airport. The helicopter was going straight at the airplane for an extended period of time. It is a CLEAR NIGHT, the lights on the plane were blazing, why didn’t the helicopter go up or down, or turn.” “Why didn’t the control tower tell the helicopter what to do instead of asking if they saw the plane. This is a bad situation that looks like it should have been prevented. NOT GOOD!!!” @cspan: President Trump on helicopter in crash: “The turn it made was not the correct turn, obviously… For some reason it just kept going…They shouldn’t have been at the same height.” https://x.com/cspan/status/1885008528877719839 NYT: Control Tower Staffing Was ‘Not Normal’ During Deadly Crash, F.A.A. Says An internal report suggested that the controller on duty during the late-night accident was doing a job usually handled by two people. The collision between a jet and an Army helicopter killed 67 people, whose bodies were being recovered from the icy Potomac. The controller who was handling helicopters in the airport’s vicinity Wednesday night was also instructing planes that were landing and departing from its runways. Those jobs typically are assigned to two controllers, rather than one… https://www.nytimes.com/live/2025/01/29/us/plane-crash-washington-dc#staffing-was-not-normal-at-airport-tower-according-to-a-preliminary-faa-report At a press conference on Thursday, DJT slammed Biden’s FAA for DEI hirings of air traffic controllers, and Biden Transportation Secretary Buttigieg. Later, Trump signed a Presidential Memorandum to review aviation safety and any negative impacts from Biden’s “DEI and woke policies” at the FAA. @BuckSexton: DJT: “Pete Buttigieg…a real winner, you know how badly everything was run? He was a disaster as a mayor, he’s a disaster now. He’s just got a good line of bulls#*t.” https://x.com/BuckSexton/status/1885004731715633543 @evitaduffy_1: Trump just slammed the FAA for actively seeking out people with “severe intellectual and psychiatric disabilities” in the name of “diversity.” @libsoftiktok: This is what Trump was referring to when he called out the FAA for their DEI hiring practices to hire people with “severe psychiatric and intellectual disabilities.” It’s real. You can’t make this up. https://t.co/1iYUB8KUVq How warnings about Black Hawk helicopter’s safety systems date back decades and have been linked to dozens of deaths – There have been at least 10 major accidents that killed more than 40 soldiers since 2014 on American soil, including the three who lost their lives during a training flight last night… https://trib.al/7HTITwa Airplane near-misses remain high as overworked, burnt-out air controllers struggle to cover staffing shortages – The FAA has had air traffic control staffing issues since pandemic-era mass layoffs in 2020 from which it has yet to recover… In 2023, the Department of Transportation revealed that a whopping 77% of critical air traffic control facilities were understaffed… the number of documented close calls on American runways remains stubbornly high, with the FAA reporting around 1,750 runway incursions in each of the past three years, compared to just 1,278 in 2014… https://trib.al/nFycpq5 @TomFitton: Last night, a pickup veered off a DC bridge into the largely frozen Potomac River, killing 2. An ice-breaker fire boat owned by DC was not available for use: “The John Glenn, a fire department vessel with an icebreaking hull that the department’s union said would have helped…was unavailable, in a Baltimore shipyard where it has been for the past 2½ years.” – WPOST Anti-Trump FBI agent responsible for opening Jack Smith elector case against president: whistleblower – Fox News Digital obtained internal FBI emails shared with Sen. Chuck Grassley by a DOJ whistleblower. https://www.foxnews.com/politics/anti-trump-fbi-agent-responsible-opening-jack-smith-elector-case-against-president-whistleblower @joelpollak: @SenatorDurbin lecturing Kash Patel about the importance of keeping the FBI out of politics is so richly ironic and hypocritical that it discredits the Democrats’ entire approach to this confirmation hearing. It’s as if the FISA abuses never happened. @GuntherEagleman: Chuck Grassley just called out the RussiaGate perps and what they did to him and Kash when the truth was uncovered. “Mr. Patel showed that Crossfire Hurricane was based upon fraudulent, discredited information paid for by the Democratic National Committee.” @Heminator: So, a trans person tried to assassinate Scott Bessent, and a vegan trans cult is behind a string of murders including a border agent. And it’s radio silence from the same media that floods the zone on every bumpkin militia member that runs afoul of the law. @TheChiefNerd: GOP SEN. MULLIN: “1-in-36. If that’s not a pandemic, then what is? It used to be 1-in-10,000 have autism. Can any of you guys with a straight face say that we shouldn’t look at every aspect to what we’re putting in our kids, be it from the food to the vaccines?” https://t.co/lzgGQF9IlQ @VigilantNews: Watch Bernie Sanders Squirm as RFK Jr. Calls Out His Big Pharma Money to His Face SANDERS: “If we want to make America healthy, will you… guarantee health care to every single American?” KENNEDY: “Bernie, the problem of corruption is not just in the federal agencies. It’s in Congress, too. Almost all the members of this panel, including yourself, are accepting millions of dollars from the pharmaceutical industry. And protecting their interests.” SANDERS: “Oh, no. No, no, no, no, no!” Kennedy: “In 2020… you were the single largest receiver of pharmaceutical dollars — $1.5 million.” https://x.com/VigilantNews/status/1885033241301688422 @MZHemingway: Vance: Liberal reporters are welcome to ask questions, as are fresh voices and new media, but “if you’re a propagandist with a Democratic Party, then we’re going to treat you like a propagandist with a Democratic Party.” https://t.co/SZvGQgKWzP @libsoftiktok: A 63-year-old man was found dead and tied up with duct tape and a cord in his basement in Chicago. Police are now reportedly searching for 2 illegals who will face charges for the murder. Two men from Venezuela and Ecuador arrested after fatal attack in Norwood Park https://wgntv.com/news/chicago-news/sources-two-men-from-venezuela-and-ecuador-arrested-for-fatal-attack-in-norwood-park/ NFL Referee Assignment for Super Bowl 59, Impact on NFL Betting Head Referee: Ron Torbert… The Chiefs’ last appearance in a Ron Torbert officiated contest was the 2022 AFC Championship against the Bengals. That game was marred with controversy throughout the fourth quarter, with a third down do-over and lopsided penalty advantage for the home team over the final ten minutes of the game. Whether by accident or design, the NFL has not assigned Torbert to a Chiefs contest since that game over two years ago… The Chiefs are averaging 4.5 penalties per game in the playoffs, a decline from the regular season average. The primary factor in the decline? Similar to 2023, it’s offensive holding. Don’t expect a lot of offensive holding calls in this contest either. If they do call it, the Chiefs are in trouble… https://www.sharpfootballanalysis.com/betting/nfl-referee-assignments-penalty-trends-betting-impact/?s=02 | |
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SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER INTERVIEWING KAREN KINGSTON
AI Goal to Kill Human Race – Karen Kingston
By Greg Hunter On January 31, 2025 In Market Analysis3 Comments
By Greg Hunter’s USAWatchdog.com
Karen Kingston is a biotech analyst and former Pfizer employee who is back with a new warning about artificial intelligence (AI) and deadly and debilitating mRNA “vaccines.” Let’s start with the horrible mid-air collision that happened in Washington D.C. The question that is not being asked is what is the vax status of all involved with this deadly accident? It is now a well-known fact that both Covid 19 and the CV19 vax are bioweapons that cause “catastrophic neurological damage”. . . and cause “cognitive impairment.” Kingston says, “The number one symptom is cognitive decline. This is similar to Alzheimer’s and dementia. There is lack of memory, responsiveness, fatigue and exhaustion. Another symptom of both the CV19 injections and Long Covid is vision decline, as well. I think it would make sense that anyone involved in aviation to have a full cognitive test and a vision test to make sure their eyesight is still sharp.”
What about the recent news of the mRNA AI cancer vaccine? Kingston says, “These mRNA AI cancer vaccines are locked and loaded. . . .The patents say you are going to be injected with a . . .biosensor that is going to read the cells in your body to tell what kind of cancer you have. . . . When you look at the patent, it shows the mRNA AI cancer vaccines don’t cure cancer. . . . . This is absolute insanity. . . . They recode your cell, including your white blood cells, to not attack the cancer cells but to find the cancer cells and feed them with blood vessel growth factors so they turn into turbo cancers, and they don’t die.”
When it comes to this new big push for artificial intelligence, Kingston says, “There is this initiative to merge the human body with technology. . . . This also includes our brain and our neurological system and to replace our normal functions with artificial intelligence technology. This is not a conspiracy theory. . . . It’s a global effort to replace how God created us with technology. . . . If we replace our bodies with technology, then we sever our connection to God. We need to face this head on. . . . The only words that came to my mind when I read this master patent is that this technology is demonically inspired. It is an attack on God’s greatest creation and his greatest love, which is humanity and mankind. AI is demonically inspired technology. . . . The patents say they are customizing these AI cancer injections to accelerate cancer growth. They don’t even really cover up that they are trying to kill you. . . . This is about the survival of this new hybrid artificial intelligence human species, which is not human anymore. It’s our extermination.”
There is much more in the 75-minute in-depth interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned biotech analyst Karen Kingston as she gives a dire warning about mRNA AI “vaccines,” including the latest mRNA cancer scam and the ongoing AI attack on the human race for 1.30.25.
(To Donate to USAW click here)
After the Interview:
There is some free information on Kingston’s Substack.
To support Kingston financially, you can become a subscriber to her Substack by clicking here.
SEE YOU ON FRIDAY
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