FEB 4//GOLD CLOSED UP $25.00 TO $2843.20//SILVER CLOSED UP $0.81 TO $31.54//PLATINUM CLOSED UP $8.60 TO $964.15//PALLADIUM CLOSED DOOWN $16.95 TO $1000.20//GOLD COMMENTARY TODAY FROM ALASDAIR MACLEOD//CHINA COMMENCES RETALIATORY TARIFFS ON USA GOODS//ISRAEL VS HAMAS UPDATES///ISRAEL AND THE BEST BANK UPDATES//RUSSIA NEWS/COVID UPDATES/VACCINE INJURY/DR PAUL ALEXANDER/SLAY NEWS ETC//OIL NEWS AS TRUMP WILL EXERT MASSIVE PRESSURE ON IRAN////GREAT COMMENTARY FROM MICHAEL EVERY//
072 C GOLDMAN 211 092 C DEUTSCHE BANK 16 099 H DB AG 150 104 C MIZUHO 5 118 C MACQUARIE FUT 863 84 118 H MACQUARIE FUT 137 132 C SG AMERICAS 21 167 C MAREX 267 190 H BMO CAPITAL 111 323 C HSBC 801 323 H HSBC 68 332 H STANDARD CHARTE 234 363 C WELLS FARGO SEC 37 363 H WELLS FARGO SEC 183 435 H SCOTIA CAPITAL 273 624 C BOFA SECURITIES 33 624 H BOFA SECURITIES 408 657 C MORGAN STANLEY 380 657 H MORGAN STANLEY 1499 661 C JP MORGAN 26 1151 686 C STONEX FINANCIA 36 21 690 C ABN AMRO 9 21 700 C UBS 333 709 C BARCLAYS 291 709 H BARCLAYS 159 730 C PTG DIVISION SG 8 732 C RBC CAP MARKETS 376 732 H RBC CAP MARKETS 11 737 C ADVANTAGE 6 4 880 C CITIGROUP 68 880 H CITIGROUP 333 905 C ADM 12
TOTAL: 4,323 4,323
JPMorgan stopped (received) 1151/4323 contracts
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 4323 NOTICES FOR 432,300 OZ 13.446 TONNES
total notices so far: 44,972 contracts for 4,497,200 Oz (139.88 tonnes)
FOR FEB.
SILVER NOTICES: 380 NOTICE(S) FILED FOR 1,980,000 OZ/
total number of notices filed so far this month : 2175 for 10.875 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 $25.00 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 0.86 TONNES OF GOLD INTO THE GLD./
INVENTORY RESTS AT 865.63 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.81 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A SMALL WITHDRAWAL OF 0.273 MILLION OZ OUT OF THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 446.058 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A MEGA HUGE SIZED1078CONTRACTS TO 166,473, AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR SMALL GAIN OF $0,01 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONDAY’S TRADING. WE HAD A HUMONGOUS LOSS OF 927 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR GAIN IN PRICE//MONDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON MONDAY COMEX TRADING 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. WE HAD CONSIDERABLE T.A.S. LIQUIDATION FRIDAY COUPLED WITH ANOTHER NEW HUGE T.A.S. ISSUANCE OF 803 CONTRACTS ISSUED BY THE CME AND THAT SIGNALS RED THAT THE CROOKS ARE DESPERATE TO STOP SILVER BREAKING OVER THE 34.00 DOLLAR MARK. WE HAVE A HUGE CONTANGO IN SILVER SPOT VS FRONT FEB OF AROUND 80 CENTS
WE HAD A SMALL 151 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE 803 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 LOST A HUMONGOUS SIZED 927 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR TINY GAIN IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT MONDAY’S COMEX SESSION
PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR 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 MONDAY NIGHT/TUESDAY MORNING: A HUGE 803 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 $0.01 BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS DESPITE A MEGA HUMONGOUS LOSS IN OUR TWO EXCHANGES OF 927 CONTRACTS ALL OF THAT LOSS WAS DUE TO LIQUIDATION OF T.A.S. SPREADERS!
WE HAD A 151 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 10.105 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 367 CONTRACT QUEUE JUMP FOR 1.835 MILLION OZ
// STANDING FOR SILVER//FEB ADVANCES TO 12.415 MILLION OZ
WE HAD:
/ MEGA HUGE SIZED COMEX OI LOSS +// A SMALL SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 803 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: removed 27 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS FEB. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF FEB
TOTAL CONTRACTS for 2 DAYS, total 1126 contracts: OR 5.630 MILLION OZ (553 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 5.630 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)
FEB. 5.630 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE
RESULT: WE HAD A MEGA HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1078 CONTRACTS DESPITE OUR SMALL GAIN IN PRICE OF SILVER PRICING AT THE COMEX/MONDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 975 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,FOLLOWED BY TODAY’S 475,000 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 10.580
//NEW TOTAL STANDING FOR FEB INITIAL AT 10.105 MILLION OZ FOLLOWED BY TODAY;S 1.835 MILLION OZ QUEUE JUMP//NEW TOTAL 12.415 MILLION OZ.
WE HAVE 1. A MEGA HUMONGOUS SIZED LOSS OF 927 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR LOSS 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 MONDAY 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 FRIDAY WITH THE LOSS 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 MONDAY NIGHT (905) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 380 NOTICE(S) FILED TODAY FOR 1.980 million OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 4961 OI CONTRACTS TO 544,128 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 447 CONTRACTS//
WE HAD A GOOD SIZED DECREASE IN COMEX OI (4961 CONTRACTS) OCCURRED DESPITE OUR GAIN OF $18.40 IN PRICE MONDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUMONGOUS INITIAL STANDING IN GOLD TONNAGE FOR FEB AT 184.40 TONNES FOLLOWED BY A HUMONGOUS 1255 CONTRACT QUEUE JUMP//125,500 OZ (3.903 TONNES)
/NEW STANDING ADVANCES TO 188.463 TONNES + 0.3114 TONNES EXCHANGE FOR RISK = 188.7744 TONNES.
/ ALL OF THIS HAPPENED WITH OUR HUGE $18.40 GAIN IN PRICE WITH RESPECT TO MONDAY’S COMEX ///. WE HAD A FAIR SIZED LOSS OF 2776 OI CONTRACTS (8.447 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 FAIR SIZED 2185 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 544,128
IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2776 CONTRACTS WITH 4961 CONTRACTS DECREASED AT THE COMEX// AND A FAIR SIZED 2185 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 2776 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 1078 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2185 CONTRACTS) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 4961 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 2776 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 FOLLOWED BY TODAY’S QUEUE 1255 CONTRACT QUEUE JUMP FOR 125,500 OZ (3.903 TONNES)
.
NEW STANDING FOR FEB ADVANCES TO:
188.403 TONNES NORMAL DELIVERY (INCLUDING TODAY’S 3.903 TONNES QUEUE TUMP + .3114 TONNES OF EXCHANGE FOR RISK = 188.7744 TONNES
//NEW STANDING FEB: 188.7744 TONNES WHICH IS THE HIGHEST EVER GOLD STANDING FOR A FEBRUARY DELIVERY MONTH. AND FOR ANY COMEX MONTH.
/ 3) HUGE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE MONDAY WITH ZERO SUCCESS IN REMOVING SOME NET SPECULATOR LONGS, AS WITH OUR1) $18.40 PRICE GAIN , WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A LOSS OF 2776 CONTRACTS ON OUR TWO EXCHANGES )ALL DUE TO T.A.S. SPREADER LIQUIDATION) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED MONDAY 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) GOOD SIZED COMEX OPEN INTEREST DECREASE 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 1078 T.A.S.CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
FEB
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEB :
TOTAL EFP CONTRACTS ISSUED: 8537 CONTRACTS OF 853,700 OZ OR 26.55 TONNES IN 2 TRADING DAY(S) AND THUS AVERAGING: 4269 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 2 TRADING DAY(S) IN TONNES 26.55 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 26.55 DIVIDED BY 3550 x 100% TONNES = 0.747% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 26.55 TONNES//EX FOR PHYSICAL ISSUANCE
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 FELL BY A HUGE SIZED 1078 CONTRACTS OI TO 166,500 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 151 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 151 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 151 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1051 CONTRACTS AND ADD TO THE 151 E.FP. ISSUED
WE OBTAIN A HUGE SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 927 CONTRACTS
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS A HUGE 4.5000 MILLION OZ OCCURRED DESPITE OUR $0.01 GAIN IN PRICE
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS TUESDAY MORNING MONDAY NIGHT
SHANGHAI CLOSED
//Hang Seng CLOSED
// Nikkei CLOSED UP178.28 OR 0.72%//Australia’s all ordinaries CLOSED UP 0.06%
//Chinese yuan (ONSHORE) CLOSED XXXX CHINESE YUAN OFFSHORE CLOSED UP TO 7.2931// Oil DOWN TO 71.39 dollars per barrel for WTI and BRENT UP AT 74.77 Stocks in Europe OPENED MOSTLY ALL GREEN
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED4961 CONTRACTS TO 543,681 DESPITE OUR GAIN IN PRICE OF $18.40 WITH RESPECT TO MONDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2185) . THE CME ANNOUNCED MONDAY NIGHT, MUCH TO MY REGRET 100 EXCHANGE FOR RISK CONTRACTS FOR 10,000 OZ. OR 03114 TONNES OF GOLD. LAST MONTH OF JANUARY WE HAVE BEEN ISSUED THE HIGHEST NUMBER EVER RECORDED EXCHANGE FOR RISK ISSUANCE AT 6 FOR 43.208 TONNES AND SO FAR IN FEBRUARY: ONE. THE RECEPIENT OF THESE EXCHANGE FOR RISK CONTRACTS IS THE BANK OF ENGLAND WHO DESPERATELY WANT THEIR LEASED GOLD BACK. THUS WE HAVE TWO SEPARATE ENTITIES (CENTRAL BANKS) DEMANDING THEIR GOLD BACK:
THE BANK OF ENGLAND
THE FEDERAL RESERVE BANK OF NEW YORK
THUS IN TOTAL WE HAD A FAIR LOSS ON OUR TWO EXCHANGES OF 2776 CONTRACTS DESPITE OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON MONDAY 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 LAST 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 WITH OUR STRONG T.A.S. ISSUANCES AND STRONG T.A.S. LIQUIDATION. LAST NIGHT THEY ISSUED A STRONG 1078 CONTRACT ANNOUNCEMENT (MONDAY NIGHT/TUESDAY MORNING).
THE FED IS THE MAJOR SHORT OF AROUND 79+ 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 AND 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 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 OUR TWO SPREADERS: 1) THE MONTH END SPREADERS AND 2. T.A.S DURING LAST 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 ACTIVE DELIVERY MONTH OF FEBRUARY… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A FAIR SIZED 2185 EFP CONTRACTS WERE ISSUED: : /FEB 2185 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2185 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 2776 CONTRACTS IN THAT 2185 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A GOOD SIZED LOSS OF 4961 COMEX CONTRACTS..AND THIS FAIR LOSS ON OUR TWO EXCHANGES HAPPENED DESPITE OUR GAIN IN PRICE OF $18.40 MONDAY// COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED ABOVE. THE ENTIRE LOSS OF COMEX OI WAS DUE TO LIQUIDATION OF T.A.S. SPREADERS!
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 MONDAY NIGHT/TUESDAY MORNING WAS A STRONG SIZED SIZED 1078 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 FEW WEEKS 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. A 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 LAST TUESDAY’S TRADING IT HAS NO EFFECT ON GOLD AS IT SHOT UP AGAIN IN PRICE AND IT CONTINUED TO RISE THROUGHOUT THE WEEK. LONDON’S ANNOUNCEMENT LAST THURSDAY THAT THEY WERE OUT OF PHYSICAL GOLD SURELY HELPED TO PROPEL GOLD’S METEORIC RISE IN PRICE THESE PAST FEW DAYS PROPELLING IT THROUGH THE 2800 DOLLAR BARRIER.
MECHANICS OF T.A.S CONTRACTS/DECEMBER 2024
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//MONTH END 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 HAD A STRONG AMOUNT OF GOLD TONNAGE STANDING: FEB (188.7744 TONNES) WHICH IS HUGE FOR OUR ACTIVE FEB DELIVERY MONTH AND THE HIGHEST STANDING FOR GOLD EVER RECORDED FOR ANY MONTH.
YEAR 2025:
JAN 2025: 113.30 TONNES
FEB: 2025: 188.7744 TONNES
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 50 MONTHS OF 2021-2024:
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022:
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
2025
January 2025: 70.102 TONNES + 43.208 EXCHANGE FOR RISK= 113.310 TONNES
FEBRUARY: 188.463 TONNES OF GOLD + .3114 TONNES OF EX. FOR RISK//NEW TOTAL STANDING 188.7744 TONNES
COMEX GOLD TRADING/FEB CONTRACT MONTH
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $18.40)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A LOSS IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION MONDAY 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 LAST MONDAY NIGHT AT THE COMEX. OUR T.A.S. SPREADER LIQUIDATIONS THIS WEEK IS DISTORTING OPEN INTEREST AS I EXPLAINED ABOVE AND IS HAVING NO EFFECT ON GOLD’S METEORIC RISE IN PRICE. LAST FRIDAY WAS OPTIONS EXPIRY FOR LONDON’S OTIC/LBMA OPTIONS AS OUR BANKER CROOK’S DESPERATELY TRY TO CONTAIN GOLD’S PRICE FROM ATTAINING THE 2800 DOLLAR LEVEL AND THEY FAILED. 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 MONDAY EVENING/TUESDAY 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!
54 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 // JANUARY MONTH!!
OUR MONTH OF JANUARY EXCHANGE FOR RISK ISSUANCES:
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.
EXCHANGE FOR RISK CONTRACTS/MONTH FO FEBRUARY:
THE CME ANNOUNCED TO THE WORLD THAT THEY ISSUED 100 CONTRACTS OF EXCHANGE FOR RISK TO THE BANK OF ENGLAND. THEY WANT THEIR GOLD BACK. THIS REPRESENTS 10,000 OZ OR .3114 TONNES OF GOLD WHICH WILL BE ADDED TO OUR DELIVERY SCHEDULE.
FINAL STANDING GOLD/COMEX 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.
TOTAL INITIAL DELIVERIES FEB GOLD TRADING
WE HAVE LOST A VERY STRONG TOTAL OF 8.634 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR FEB (184.40TONNES) ON FIRST DAY NOTICE FOLLOWED BY A MASSIVE SIZED 1255 CONTRACT QUEUE JUMP FOR 125,500 OZ. NEW STANDING ADVANCES TO 188.463 TONNES OF GOLD. TO WHICH WE ADD OUR .31104 TONES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 188.4477 TONNES
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR GAIN IN PRICE TO THE TUNE OF $18.40
WE HAD 447 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL
NET LOSS ON THE TWO EXCHANGES 2776 CONTRACTS OR 277600 OZ (8.634TONNES)
ii) Into Brinks dealer: 25,752.951 oz (801 kilobars) iii) Into Int. Delaware 2999.98 oz iv) into Dealer Loomis 32,118.849 999 kilobars
total dealer weight 92,882.671 oz 2.889 tonnes
Deposits to the Customer Inventory, in oz
i)Into Brinks customer acct 463,475.899 oz (14,416 kilobars) ii)into ASAHI customer 32,462.03 oz iii)into HSBC 128,600 oz 4000 kilobars iv) Into JPMorgan 192,906.000 oz (6,000 kilobars) v) Into Loomis 32,183.151 oz (1001 kilobars) vi) Into Brinks enhanced: 23,640.725 oz (59 London good delivery bars)
total customer weight: 873,271.805 oz 27.162 tonnes
total weight dealer and customer;: 30.152 tonnes
No of oz served (contracts) today
4323 notice(s) 44,972 OZ 13.446 TONNES
No of oz to be served (notices)
11,619 contracts 1,161,900 OZ 36.139 TONNES
Total monthly oz gold served (contracts) so far this month
44,972 notices 4,497,200 oz 139.88 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: 4
i) Into Asahi dealer: 32,010,921 oz
ii) Into Brinks dealer: 25,752.951 oz (801 kilobars) iii) Into Int. Delaware 2999.98 oz iv) into Dealer Loomis 32,118.849 999 kilobars
total dealer weight 92,882.671 oz 2.889 tonnes
we have 7 customer deposits
i)Into Brinks customer acct 463,475.899 oz (14,416 kilobars) ii)into ASAHI customer 32,462.03 oz iii)into HSBC 128,600 oz 4000 kilobars iv) Into JPMorgan 192,906.000 oz (6,000 kilobars) v) Into Loomis 32,183.151 oz (1001 kilobars) vi) Into Brinks enhanced: 23,640.725 oz (59 London good delivery bars)
total customer weight: 873,271.805 oz 27.162 tonnes
total weight dealer and customer;: 30.152 tonnes
withdrawals: 1
ONE WITHDRAWAL 1. brinks
8,386.843 oz
adjustments:6/customer to dealer
i) out of Brinks 154,220;056 oz
ii) out of Int. Delaware 192.906 oz
iii) out of JPMorgan 100,010.305 oz
iv) Out of Loomis: 134,841.294 oz
v) out of Manfra: 41,860.600 oz
total adjusted customer to dealer 467,970.960 oz (14.555 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 15,942 contracts having LOST 9773 contracts. We had 11,028 contracts delivered upon Friday so strangely we gained a massive 1255 contract queue jump for 125,500 oz. There is no use looking for gold in London as they are out of metal.
MARCH HAD A LOSS OF 42 CONTRACTS DOWN TO 11,578
APRIL HAD A GAIN OF 1747CONTRACTS UP TO 406,285 CONTRACTS
We had 4323 contracts filed for today representing 432,300 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 26 notices issued from their client or customer account. The total of all issuance by all participants equate to 4323 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1151 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 (44,972x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(19,962 CONTRACTS) minus the number of notices served upon today (4323 x 100 oz per contract) equals 6,059,100 OZ OR 188.463 TONNES to which we must add our 100 contract exchange for risk for .3114 tonnes//new standing; 188.7744 tonnes
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (44,972 x 100 oz +we add the difference for front month of FEB (19,942 OI} minus the number of notices served upon today (4323 x 100 oz) which equals 6,059,100 oz (188.463 TONNES + .3114 tonnes ex for risk = 188.7744 tonnes
TOTAL COMEX GOLD STANDING FOR FEB.: 188.7744 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!!
total pledged gold: 2,043,232.811 oz 63.553 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 33,248.152.100 oz
TOTAL REGISTERED GOLD 15,552,068.936 or 482.758 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 17,216,082.185 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 13,488.741 oz (REG GOLD- PLEDGED GOLD)= 419.556 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
FEB 4
INITIAL
// THE FEB 2025 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
i) out of ASAHI 599,744.700 oz ii) Out of Delaware 6795.381 oz iii) Out of Loomis 1179,500.220 oz
total withdrawal 1,786,040.301 oz
Deposits to the Dealer Inventory
i) Into Brinks dealer 1,161,361.980 oz
Deposits to the Customer Inventory
3
i) Into ASAHI 1191,062.200 oz ii) Into CNT 50,870.800 oz iii) Into Delaware 92,111.256 oz
total weight: deposit 1,334,044.256 oz
total deposit 1,334,044.256 oz
No of oz served today (contracts)
380 CONTRACT(S) (1,980,000 OZ)
No of oz to be served (notices)
308 contracts (1.540 MILLION oz)
Total monthly oz silver served (contracts)
2175 Contracts (10.875 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 1,161,361.980 oz
total dealer 1161,361.980 oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:3//customer acct
i) Into ASAHI 1191,062.200 oz ii) Into CNT 50,870.800 oz iii) Into Delaware 92,111.256 oz
total weight: deposit 1,334,044.256 oz
total deposit 1,334,044.256 oz
withdrawals 3
i) out of ASAHI 599,744.700 oz ii) Out of Delaware 6795.381 oz iii) Out of Loomis 1179,500.220 oz
total withdrawal 1,786,040.301 oz
ADJUSTMENTs 0
JPMorgan has a total silver weight: 146,054million oz/358.607million or 40.66%
TOTAL REGISTERED SILVER: 86,413 MILLION OZ//.TOTAL REG + ELIGIBLE. 358.607 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2024 OI: 688 OPEN INTEREST CONTRACTS FOR A LOSS OF 122 CONTRACTS.
WE HAD 489 NOTICES FILED ON MONDAY SO WE GAINED A MASSIVE 367 CONTRACTS OR A HUMONGOUS QUEUE JUMP OF 1.835,000 OZ.
MARCH SAW A LOSS OF 2072 CONTRACTS DOWN TO 118,634. 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.
APRIL SAW ANOTHER GAIN OF 82 CONTRACTS TO STAND AT 116
MAY SAW A GAIN OF 602 CONTRACTS UP TO 30,475 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 380 for 1.980 MILLION oz
CONFIRMED volume; ON MONDAY 89,822 good//
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 2175x 5,000 oz = 10.875 MILLION oz
to which we add the difference between the open interest for the front month of FEB (688) and the number of notices served upon today (380)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 2175 Notices served so far) x 5000 oz + OI for the front month of FEB(688)minus number of notices served upon today (380)x 5000 oz equals silver standing for the FEB contract month equating to 12.415 MILLION OZ.
New total standing: 12.415 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/
FEB 4 WITH GOLD UP $25.00 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.58 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 864.77 TONNES
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: 864.77 TONNES, TONIGHTS TOTAL
SILVER
FEB 4 WITH SILVER UP $0.81 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.550 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 446.331 MILLION OZ
FEB 3 WITH SILVER UP ONE CENT //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.550 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 446.331 MILLION OZ
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./. /
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 446.331 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
An article on Comex delivery delays has been posted on GATA, suggesting the real reason behind the current panic might not be tariffs, but large amounts of bullion undelivered.
Before reading this article, it is worth reading a link posted on GATA to an article by Kevin Bambrough, who worked for Sprott between 2002—2013. It is a saga of major bullion houses using every excuse under the sun to justify non-delivery of bullion to Sprott. 5-day deliveries were not completed and turned into “a nine-month odyssey of excuses and misdirection”.
I remember reading of a similar case several years ago, when an individual reported that by way of an experiment, he bought one futures contract and stood for delivery. Every excuse not to deliver was made and finally occurred after the individual showed persistence and tenacity, long after delivery was due. It was this experience that comes to mind as confirmation that Bambrough’s story has the ring of truth in it, and appears to confirm that bullion banks, who are dealers in credit and not bullion, don’t really have the bullion to deliver on contract expiry.
I have been collecting stand-for-delivery statistics since 2021, and annual totals are shown in the table below.
This year so far to 3 February, an additional 191.4 tonnes of gold and 495.6 tonnes of silver have been stood for delivery, indicating that while the rate of silver deliveries has broadly been maintained, for gold it has accelerated sharply: annualised, the current pace for 2025 is over 2,200 tonnes.
Remember, that it was never intended that Comex would act as a source of bullion deliveries. The facility existed simply to tie the time-value of a contract to spot, which could only happen if the delivery facility existed. All participants in this market assumed that contract closure would be by closing an open position — not standing for delivery. Everyone from bullion banks downwards to hedge funds and individuals sees futures as offering a leveraged play on bullion prices, and certainly not being required to stump up the funds to take delivery, or to possess the bullion to deliver.
Now let’s consider the implications of Bambrough’s experience at Sprott. It is almost certain that significant quantities of bullion have not been delivered nor properly allocated in Comex warehouses to its proper owners. It will have been an accumulating problem, a mounting crisis which has been triggered by something. The obvious answer has to do with Trump’s trade tariffs and it is that which is been touted in the media.
It could be that foreign “owners” of undelivered bullion are taking fright at the Trump presidency and calling in the lawyers. I think the real reason that Sprott decided not to appoint lawyers is that if they took legal action to enforce delivery, no bullion bank would have dealt with them ever again not just on Comex but also in London. With counterparty risk escalating today, stands for deliverer are likely to want actual possession and will sue for it.
If these suppositions are correct, then we are probably still in the early stages of a market crisis which has the potential to get out of control.
3. CHRIS POWELL AND GATA DISPATCHES
end
4. ANDREW MAGUIRE A MUST MUST VIEW…YOUTUBE/KINESIS LIVE FROM THE VAULT 208
—–
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING TUESDAY MORNING MONDAY NIGHT
SHANGHAI CLOSED
//Hang Seng CLOSED
// Nikkei CLOSED UP178.28 OR 0.72%//Australia’s all ordinaries CLOSED UP 0.06%
//Chinese yuan (ONSHORE) CLOSED XXXX CHINESE YUAN OFFSHORE CLOSED UP TO 7.2931// Oil DOWN TO 71.39 dollars per barrel for WTI and BRENT UP AT 74.77 Stocks in Europe OPENED MOSTLY ALL GREEN
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED
OFFSHORE YUAN: UP TO 7.2931
SHANGHAI CLOSED CLOSED
HANG SENG CLOSED CLOSED
2. Nikkei closed UP 278.28 OR 0.72%
3. Europe stocks SO FAR: ALL MOSTLY GREEN
USA dollar INDEX DOWN TO 108.40 EURO RISES TO 1.0336 UP 8 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.2750 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 155.27…… 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 XX CHINESE ONSHORE YUAN: 7.2931 OFFSHORE: UP 2 BASIS PTS
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR UP this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.4335 Italian 10 Yr bond yield UP to 3.528 //SPAIN 10 YR BOND YIELD DOWN TO 3.081
3i Greek 10 year bond yield UP TO 3.280
3j Gold at $2832.50 /Silver at: 31.76 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 30/100 roubles/dollar; ROUBLE AT 99.87
3m oil into the 74 dollar handle for WTI and 76 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 155.27 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.275% 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 0.9076 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9394 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: 4.577 UP 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.817. UP 5 BASIS PTS/
USA 2 YR BOND YIELD: 4.257 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.95…
10 YR UK BOND YIELD: 4.590 UP 10 PTS
10 YR CANADA BOND YIELD: 3.136 UP 12 BASIS PTS
5 YR CANADA BOND YIELD: 2.783 UP 13 PTS.
2a New York OPENING REPORT
2B) EUROPEAN REPORT
2C ASIAN REPORT
APAC trades higher as US neighbours are spared, China retaliates as the Trump tariffs take place – Newsquawk Europe Market Open
Tuesday, Feb 04, 2025 – 01:18 AM
APAC stocks traded higher as the region reacted to US President Trump’s delay of tariffs against Canada and Mexico for a month.
However, the new 10% tariff on all China exports to the US took effect after the deadline passed.
Furthermore, China is to levy countermeasures on some US imported products with 15% tariffs on coal and LNG, as well as 10% tariff on oil, agricultural machines and some autos from the US.
European equity futures indicate a slightly lower cash market open with Euro Stoxx 50 future down 0.1% after the cash market closed with losses of 1.3% on Monday.
DXY was boosted by Chinese retaliatory measures, EUR/USD is back below 1.03 and Cable is sub-1.24.
Looking ahead, highlights include US JOLTS Job Openings, NZ HLFS Jobs, Riksbank Minutes, Fed’s Bostic & Daly, Supply from UK
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
US TRADE
EQUITIES
US stock indexes closed in the red, albeit well off worst levels, as Trump tariff talk dominated markets to start the week with an initial gap lower in futures after President Trump signed an order to impose tariffs on Canada, Mexico and China although stocks then rebounded after Mexican President Sheinbaum announced she had a good conversation with US President Trump and that he agreed to delay tariffs by a month and she will immediately supply 10,000 Mexican soldiers on the border. Furthermore, Canadian PM Trudeau and US President Trump also reached a similar agreement for a 30-day tariff delay.
SPX -0.76% at 5,995, NDX -0.84% at 21,298, DJIA -0.28% at 44,422, RUT -1.28% at 2,258.
The new 10% tariff on all China exports to the US took effect after the deadline passed.
China is to levy countermeasures on some US imported products with 15% tariffs on coal and LNG, as well as 10% tariff on oil, agricultural machines and some autos from the US, while China’s Finance Ministry said tariffs imposed are to counter 10% Trump tariff and will take effect on February 10th. China is also to probe Google (GOOGL) over alleged anti-trust law breaches and it imposed export controls on tungsten, tellurium, ruthenium, molybdenum, and ruthenium-related items.
US President Trump said on Monday that the US will probably speak to China over the next 24 hours and China will not be involved with the Panama Canal for long. Furthermore, he said China tariffs were an opening salvo and will increase if they cannot make a deal, while he warned that tariffs will be substantial if can’t make a deal with China.
US President Trump said on Truth that Canada agreed to ensure the US has a secure Northern Border and the tariffs announced on Saturday will be paused for a 30-day period to see whether or not a final economic deal with Canada can be structured.
Canadian PM Trudeau said he had a good call with President Trump who will pause the tariffs for at least 30 days and Canada will send almost 10,000 troops to protect the border, while Canada will also name a fentanyl czar.
US President Trump likes the idea of reciprocal tariffs on more countries and said that nobody is out of tariffs, while he had a great talk with Mexico but added that they have to stop fentanyl. Furthermore, he said they have not agreed on tariffs yet with Mexico and he had a good talk with Canadian PM Trudeau but added the US is not treated well by Canada.
China’s UN envoy said China firmly opposes the unwarranted increase in tariffs by the Trump administration and in violation of the WTO, China will be filing a complaint. Furthermore, the envoy said Beijing may be forced to take countermeasures against the US, as well as commented that the US should look at its own problem with Fentanyl rather than shifting the blame onto others.
US President Trump reportedly considering plans to impose a 10% tariff on the EU, according to The Telegraph.
EU Commission President von der Leyen said that when targeted with unfairly or arbitrarily tariffs, the EU will respond firmly.
Ecuador President Noboa said his government will apply a 27% tariff on Mexican goods.
NOTABLE HEADLINES
Fed’s Goolsbee (voter) said uncertainties likely mean that the Fed needs to be a little more careful and prudent on cutting rates, while he added there are risks that inflation could tick back up and if fiscal choices affect prices or employment, they have to think it through. Goolsbee also said there are concerns about inflation and the Fed might have to slow the pace of rate cuts amid uncertainty.
Fed’s Bostic (2027 voter) said the current degree of uncertainty has broadened considerably, while tariffs are an aspect of uncertainty and it is challenging to figure out how to incorporate it. Bostic said because things are changing so rapidly the most important thing to do is ask questions of business contacts and look at possible other outcomes. Furthermore, he stated the emphasis is still on inflation and the Fed needs to get to 2% for the credibility of the institution. Bostic later commented that businesses are not confident in their outlook at this point and he is currently in wait-and-see mode, while he would want to see housing inflation begin to slow to cut again and does not expect clarity on inflation enough by March to move.
NY Fed’s measure of inflation persistence (the “multivariate core trend”) fell to 2.3% in December which was the lowest level in four years, according to WSJ’s Timiraos.
US Treasury expects to borrow USD 815bln in privately-held net marketable debt (prev. guided USD 823bln for Q1 25), assuming end of March cash balance of USD 850bln (prev. guided 850bln).
US President Trump signed an executive order to create a sovereign wealth fund, while Treasury Secretary Bessent said the sovereign wealth fund is to be created in the next 12 months and will be of great strategic importance.
US President Trump advisers reportedly weigh a plan to dismantle the Education Department, according to WSJ citing sources.
US Secretary of State Rubio says he reached a migration agreement with El Salvador’s Bukele on Monday in which El Salvador has agreed to accept for deportation any illegal alien in the US who is a criminal from any nationality and house them in its jails. El Salvador’s Bukele also offered to house in his jails criminals, including those with US citizenship or legal residency.
US President Trump’s nominee Chris Wright was confirmed by the Senate as Energy Secretary through 59-38 votes.
APAC TRADE
EQUITIES
APAC stocks traded higher as the region reacted to US President Trump’s delay of tariffs against Canada and Mexico for a month, while the additional 10% tariffs on China took effect and prompted an immediate retaliation by China.
ASX 200 was initially led higher by strength in tech and miners but ultimately settled flat owing to the US-China tariff frictions.
Nikkei 225 briefly climbed back above the 39,000 level with the biggest gainers and losers dictated by earnings releases.
Hang Seng surged amid hopes that China would also reach a tariff deal with the US after President Trump stated that he would probably speak with China within 24 hours, but then briefly wobbled after China announced tit-for-tat tariffs against the US.
US equity futures (ES -0.2%, NQ -0.2%) were marginally lower after China tariffs dampened the one-month tariff reprieve for Canada and Mexico.
European equity futures indicate a slightly lower cash market open with Euro Stoxx 50 future down 0.1% after the cash market closed with losses of 1.3% on Monday.
FX
DXY fluctuated on tariff headlines with headwinds following Mexican President Sheinbaum’s announcement that US tariffs on Mexico are to be delayed by one month and that Mexico will send 10,000 troops to the US border, while President Trump and Canadian PM Trudeau also reached a similar agreement for a 30-day delay of tariffs, while the dollar was later boosted after the additional 10% US tariffs on China took effect which China immediately retaliated to with its own tariffs.
EUR/USD initially attempted to nurse losses and briefly reclaimed the 1.0300 handle but with the rebound limited as President Trump also looks to target the EU with tariffs and is reportedly considering plans to impose a 10% tariff on the bloc, while the single currency was later pressured as the dollar strengthened on China’s retaliation to US tariffs.
GBP/USD marginally pulled back just beneath the 1.2400 level after having mostly weathered the tariff-related headwinds yesterday with the UK seemingly not on President Trump’s immediate tariff radar.
USD/JPY rebounded from yesterday’s trough and returned to the 155.00 territory with the help of the mild upside in US yields.
Antipodeans were gradually pressured with tariff-related headlines the main driver across markets.
FIXED INCOME
10yr UST futures lacked decisiveness after recent tariff-related fluctuations and curve flattening, while comments from Fed officials urged cautiousness and patience on monetary policy with no urgency to cut rates.
Bund futures declined in a continuation of the pullback from Monday’s peak with prices back below the 133.0 level.
10yr JGB futures were pressured amid the upside in Japanese yields and weaker 10yr JGB auction results.
COMMODITIES
Crude futures declined with selling pressure seen after US President Trump delayed the tariffs against both Canada and Mexico, while the recent OPEC+ JMMC meeting was uneventful and made no recommendations as widely expected.
Bloomberg OPEC Survey for January noted crude output fell 70k BPD to 27.03mln BPD following a fire at an Iraqi oil field.
Kazakhstan said it will fulfil its OPEC+ obligations in 2025-2026 and will compensate for overproduction in 2024.
Spot gold remained afloat after recently advancing back above the USD 2,800/oz level to a record high.
Copper futures initially extended on the prior day’s gains as risk sentiment improved on the one-month tariff delay for Canada and Mexico, but later faded the gains as the additional 10% tariffs on China took effect.
CRYPTO
Bitcoin gradually pulled back overnight and steadily retreated closer towards the USD 100k level.
NOTABLE ASIA-PAC HEADLINES
China’s UN envoy said a smear campaign by the US and others on the Belt and Road Initiative is ‘totally groundless’ and on the whole, believes that the US and China have so much in common and can work together at the UN on many things.
US President Trump said they will be doing something with TikTok if they can make the right deal and that TikTok could go into a sovereign wealth fund, while he later commented on Truth **”GREAT INTEREST IN TIKTOK! Would be wonderful for China, and all concerned”.
GEOPOLITICS
MIDDLE EAST
US President Trump is to host a bilateral meeting with Israeli PM Netanyahu on Tuesday, according to the White House.
US reportedly readied a new USD 1bln arms sale to Israel, according to WSJ.
RUSSIA-UKRAINE
US shipments of arms to Ukraine were briefly paused last week but resumed on the weekend, according to Reuters citing sources.
OTHER
US Secretary of State Rubio said there are no talks to recognise Maduro as the legitimate leader of Venezuela and commented that they cannot continue to have the Chinese exercising control of the Panama Canal area.
Philippine Air Force spokesperson said Philippines and US joint air patrol exercises were underway in the South China Sea.
EU/UK
NOTABLE HEADLINES
Polish PM Tusk said all 27 EU leaders confirmed readiness to minimise the negative effects of Brexit for both sides, while he noted EU leaders’ unanimity in support of Denmark’s territorial integrity was very important.
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
China strikes back with tariffs on rare earths plus other goods
(zerohedge)
Tit-For-Tat: China Strikes Back With Tariffs On US Goods, Google probe
Tuesday, Feb 04, 2025 – 07:45 AM
Traders breathed a major sigh of relief on Monday afternoon as President Donald Trump secured last-minute agreements with Canada and Mexico, postponing 25% tariffs for 30 days. In exchange, both nations pledged to deploy 10,000 troops to their respective borders with the US to curb the flow of fentanyl (originating from China), other illicit drugs, and migrants.
However, as the trade deadline passed at midnight without a broader resolution, Trump’s 10% tariff took effect on China—prompting a swift response from Beijing, which retaliated with duties, export controls, and an investigation into US big tech.
Bloomberg reports that Beijing slapped a 15% tariff on US coal and liquefied natural gas exports, targeting oil and farm equipment with a 10% levy, escalating trade tensions between the world’s largest economies. There were also new export controls on tungsten, tellurium, ruthenium, molybdenum, and ruthenium-related items.
Separately, China’s State Administration for Market Regulation announced a surprise probe into Google for violating the country’s anti-monopoly law.
Authorities also placed Calvin Klein owner PVH Corp. and US gene sequencing company Illumina on a blaclist of entities that opens pathways to possible fines and/or other sanctions, such as trading halts and/or cancellation of work permits for foreign staff.
Capital Economics told clients: “These moves are warnings that China intends to harm U.S. interests if need be, but still give China the option to back down.”
“This can be interpreted as a warning shot to US enterprises with a high-dependency on China’s market,” Lynn Song, chief economist for Greater China at ING Bank in Hong Kong, told clients, adding, “There is still hope that tariffs could get quickly unwound or pushed back after face-to-face talks.”
Song noted that Beijing’s counter was “fairly muted retaliation” because levies on US energy account for a small share of China’s imports.
Goldman’s Shubham Ghosh told clients: “However, as the measures ended up being more restrained than expected and affected only a small portion of US imports into China and avoided large ticket items like soybeans and aircrafts, dip buyers emerged as hope was kept alive for more “back and forth” negotiations between the two powers.”
Trump’s goal in this round of the trade war is to halt the flow of fentanyl from Canada and Mexico while also curbing the production and export of precursor fentanyl chemicals originating from China. The tariffs serve as a tool to bring the respective countries in line with his ‘America First’ agenda.
On Monday, White House Press Secretary Karoline Leavitt told Fox News that Trump plans to speak with Chinese President Xi Jinping about “illegal Chinese fentanyl that is killing tens of thousands of Americans every single year.”
In markets, Khoon Goh, head of Asia research at ANZ Banking Group, noted, “Unsurprisingly, a risk-off tone has taken hold of markets, with the yuan weakening and causing spillover into other Asian currencies.”
Goh continued, “If there is no news of any deferral, we will see a further selloff in Asian asset markets, with the focus back on tomorrow’s fix.”
Rajeev De Mello, global macro portfolio manager at Gama Asset Management, commented on the Sino-US trade war: “China will be forced to react though on its own terms and targeting specific sectors.” He said, “Markets will be supported at lower levels by the expectation that market-friendly measures will be announced when China markets re-open after the Lunar New Year holidays.”
The takeaway from institutional desks is that China’s trade retaliation has been fairly muted as Trump plans to speak with President Xi to “make a deal” and end the drug death crisis. However, Trump has warned: “If we can’t make a deal with China, then the tariffs will be very, very substantial.”
Earlier, UBS Group CEO Sergio Ermotti warned that the markets have not fully priced in the inflation risk of tariffs: “I can see inflationary pressure” on the back of tariffs, “and that, in turn, would mean that central banks would need to stop their easing path and potentially even reverse.” He added that this is “something that is not priced in the market.”
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
ITALY
Italy follows Trump’s lead in WITHDRAWING from the globalist World Health Organization
Italian Deputy Prime Minister Matteo Salvini announced a bill to withdraw Italy from the World Health Organization (WHO), echoing U.S. President Donald Trump’s similar move.
The proposal seeks to redirect Italy’s annual €100 million ($103.87 million) contribution to the WHO toward domestic healthcare.
Critics of the bill, such as renowned scientist Elena Cattaneo, argue that it is motivated by “scientific nationalism” and could hinder global health efforts.
The potential withdrawal of Italy and the recent U.S. departure from the WHO could significantly destabilize the organization and threaten its ability to address global health emergencies.
The move is seen as a broader shift towards reclaiming national sovereignty in public health policy and challenging the dominance of unelected supranational bodies.
Italian Deputy Prime Minister Matteo Salvini announced on Jan. 23 that his Lega party has introduced a bill to withdraw the country from the WHO. The proposal was filed by Sen. Claudio Borghi and Deputy Alberto Bagnai on the same day as Salvini’s announcement. The bill filed by the two Lega lawmakers seeks to repeal Rome’s 1947 legislative decree binding it to the global health body.
“Italy must no longer have to deal with a supranational power center – handsomely financed by Italian taxpayers – which goes hand in hand with the multinationals of the drug,” remarked Salvini, who also serves as Italy’s infrastructure and transportation minister. His comments reflect growing skepticism about the WHO’s role in global health governance and its alignment with multinational pharmaceutical interests.
Salvini emphasized that the €100 million ($103.87 million) Italy contributes annually to the WHO could instead be redirected to support Italian patients, hospitals and doctors. Microbiologist Maria Rita Gismondo expressed agreement with the proposal, stating that Italy’s motivations for pulling out of the WHO are “more than founded and absolutely concrete.”
However, critics of the bill have been quick to voice their opposition – among them Elena Cattaneo, internationally renowned scientist and a senator for life in the Italian parliament. She dismissed the Lega proposal as “scientific nationalism, the safest recipe for crashing into the wall of ignorance and superstition.”
Yet, Cattaneo’s ties to the United Nations – the WHO’s parent organization – raise questions about her impartiality. She has been associated with the UN’s “Not a Woman’s Job?” campaign that promotes gender equality in science, suggesting a potential conflict of interest.
Global health shake-up: U.S. and Italy challenge WHO’s authority
Salvini’s sentiment aligns with Trump’s criticism of the WHO, which he accused of mishandling the Wuhan coronavirus (COVID-19) pandemic and being unduly influenced by member states like China.
The WHO, a specialized agency of the UN, has long been criticized for its bureaucratic structure and susceptibility to political influence. Trump’s accusations that the organization “ripped off” the U.S. and failed to act independently during the COVID-19 pandemic resonate with those who view the WHO as a tool of globalist agendas. The U.S. withdrawal coupled with Italy’s potential exit signals a broader shift toward reclaiming national sovereignty in public health policy.
Critics argue that weakening the organization could jeopardize critical programs addressing tuberculosis, HIV/AIDS, and other global health emergencies. However, proponents of the bill see it as an opportunity to prioritize national interests and challenge the dominance of unelected supranational bodies.
Italy’s move to leave the WHO is not merely a political statement; it is a call for greater accountability and transparency in global health governance. By following Trump’s lead, Italy is asserting its commitment to health freedom and sovereignty, challenging the status quo, and demanding a more equitable and effective approach to public health.
Sweden Says No Sabotage In Baltic Sea Cable Damage, Releases Seized Ship (But Russia!)
Tuesday, Feb 04, 2025 – 02:45 AM
The mainstream media narrative of Russian ‘shadow fleet’ vessels traversing the Baltic Sea in a clandestine anti-NATO operation to sabotage vital underwater communications cables linking European nations continues to unravel at rapid pace.
Swedish authorities have issued the results of their official investigation into Malta-flagged Vezhen ship, following the discovery of damage to a fiber-optic cable between Sweden and Latvia on Jan. 26. Authorities had immediately seized the cargo ship on suspicion it intentionally damaged the cable.
But in a sudden turn, as of Monday the Vezhen has been released after the investigation found no wrong-doing. It was not the result of sabotage or any intentional plot, investigators now say.
“The investigation concerning a cable break between Sweden and Latvia in the Baltic Sea has clarified that it is not a case of gross sabotage,” Swedish prosecutors said in a new statement.
“It has been established that a combination of weather conditions and deficiencies in equipment and seamanship contributed to the cable break,” Senior Prosecutor Mats Ljungqvist added in the statement.
The consensus is that as the vessel was transporting fertilizer from Ust-Luga, Russia to South America – a ship anchor was damaged and unintentionally dropped into the sea during extremely bad weather, which is when the damage to the cable occurred. The incident is one of several cable incidents in regional waters still being investigated as suspected Russian sabotage.
Now that the ship has resumed its journey to South America, its operator has indicated it may stop for repairs in nearby Denmark.
A statement by ship operator Navigation Maritime Bulgare (Navibulgar) to AFP said Swedish authorities formally notified the crew that “there is no reason to believe that sabotage or malicious act was committed on board by our crew.”
It said the crew members, who had been detained along with the ship, are in good health and that they are resuming the journey. A week ago the company had vehemently denied that this was an act of sabotage, and called on Sweden to quickly release the vessel.
The CEO had “cited information obtained from the crew that the ship was sailing late on Sunday in extremely bad weather. Eventually, the crew discovered that the left anchor was apparently being dragged along the seabed.”
“I hope that the investigators will quickly establish that this is not a matter of any intentional action, but a technical incident due to bad weather, and that the ship will be released,” that prior statement had urged.
Still, the mainstream media headlines in the West have perpetuated the idea that this is all a nefarious Russian plot, and it’s unlikely that the actual final results of the Swedish investigation debunking this will get much air time.
ISRAEL/HAMAS/USA
US Readies New $1BN Arms Sale To Israel As Netanyahu Arrives In Washington
Monday, Feb 03, 2025 – 07:40 PM
While the name of the game for Trump has been cut, cut, cut and put a halt to all wasteful and corrupt US foreign aid siphoned abroad, funds sent to Israel have remained untouched.
And now the Trump administration is readying a new $1 billion arms sale to Israel, including 4,700 1,000-pound bombs and armored bulldozers. Trump is requesting fresh Congressional approval for the potential sale.
The Wall Street Journal, which broke the story Monday, wrote “The planned weapons sales include 4,700 1,000-pound bombs, worth more than $700 million, as well as armored bulldozers built by Caterpillar, worth more than $300 million, the officials said.”
“The new arms requests, which would be paid for from the billions of dollars in annual U.S. military aid to Israel, come as Israeli Prime Minister Benjamin Netanyahu is visiting Washington and set to meet President Trump on Tuesday to discuss the cease-fire in Gaza, a separate truce in Lebanon and tensions in the wider Middle East,” the report continued.
This comes amid the backdrop of Israeli Prime Minister Benjamin Netanyahu’s arriving in Washington D.C. on Monday, ahead of his scheduled White House visit with Trump Tuesday.
Crucially, Netanyahu will be the first world leader to meet with Trump since the Jan.20 inauguration. Israel remains America’s closest official Mideast ally, and a meeting between a new president and Israel’s head of state is typical spanning back multiple administrations.
But these are sensitive times, given the fragile Gaza ceasefire and hostage/prisoner swap deal is still ongoing. Some hardliners close to Netanyahu oppose it, even while families of the hostages have pressed for it to go all the way until all hostages alive and deceased are returned.
The Tuesday meeting in the Oval Office is expected to be dominated by these several issues:
Preserving the Gaza ceasefire
A potential deal to finally achieve Israel-Saudi relations
Moving forward with a total $8 billion in arms transfers
These issues are somewhat interlocking. Trump has stood with Netanyahu on the stance of wanting to see the final military eradication of Hamas, but Trump has also hailed the ceasefire as ultimately the product of his administration entering office.
As for the arms transfers issue, WSJ has detailed the following:
Netanyahu and other Israeli officials are expected to press Trump to move forward with a separate set of arms transfers that were initially requested by the Biden administration, totaling more than $8 billion in new bombs, missiles and artillery rounds.
The Biden administration notified key congressional leaders about that sale in January before it left office. The weapons haven’t yet received full approval because of a hold by some Democratic lawmakers, a congressional official said.
Last week, Trump within released a hold on a shipment of 2,000-pound bombs to Israel previously paused by the Biden administration.
And on Monday, the US has moved to cut all funding to the controversial UN aid organization present in Palestinian territories – the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). The US has long sided with Israel regarding the accusation that it is compromised by local Hamas staffers, or Hamas-sympathetic officials.
END
ISRAEL/HAMAS/GAZA
Asked about West Bank annexation, Trump says Israel ‘a small country, in terms of land’
Ahead of meeting with Netanyahu, US president says ‘no guarantees’ ceasefire will hold, though Witkoff ‘hopeful’; PM said to shake up Israeli negotiating team before new talks
President Donald Trump speaks as he signs an executive order in the Oval Office of the White House, Monday, Feb. 3, 2025, in Washington. (AP Photo/Evan Vucci)
WASHINGTON — A day before his meeting with Prime Minister Benjamin Netanyahu in the White House, US President Donald Trump noted that Israel is a “small country” when asked about the possibility of backing West Bank annexation.
“I’m not going to talk about that. It certainly is a small, it’s a small country in terms of land,” the president said when asked about the topic by a reporter.
“See this pen?” he continued, holding up the pen he was using to sign executive orders in the Oval Office. “This wonderful pen on my desk is the Middle East, and the top of the pen — that’s Israel.”
“That’s not good, right? You know, it’s a pretty big difference. I use that as an analogy — it’s pretty accurate, actually,” he continued.
“It’s a pretty small piece of land. It’s amazing what they’ve been able to do when you think about it, [there’s] a lot of good, smart brain power, but it is a very small piece of land, no question about it,” the US president added.
During his first term in office, Trump put forth an ambitious “peace plan” that included a provision for Israel to annex about 30 percent of the West Bank, though that element was dropped when the US-brokered Abraham Accords were announced, establishing diplomatic ties between Israel and the United Arab Emirates and Bahrain, and later Morocco and Sudan.
Trump also told reporters gathered in the room that he is not sure the current ceasefire in Gaza will continue.
“I have no guarantees that the peace is going to hold,” he said.
His Mideast envoy, Steve Witkoff, added, however: “It’s holding so far, so we’re certainly hopeful.”
“That’s the president’s direction — get the hostages out and save lives and come to… a peaceful settlement of it all,” Witkoff added. “So far, it’s holding.”
Trump and Netanyahu are slated to meet in the White House on Tuesday, a day after talks on the second stage of the ceasefire — which under the terms of the deal were intended to start no later than the 16th day of the ceasefire — were scheduled to begin.
Netanyahu was set to meet later on Monday with Witkoff to discuss those talks, following a meeting with local evangelical leaders, his office said.
US Special Envoy to the Middle East Steve Witkoff speaks in the Oval Office of the White House on February 3, 2025, in Washington, DC. (Jim WATSON / AFP)
The meetings and talks come amid reports that the prime minister is seeking to shake up the Israeli negotiating team, which has represented the country in more than 15 months of talks, leading to two ceasefire deals.
According to Channel 12 news, Netanyahu is considering removing Shin Bet director Ronen Bar from the team. Another senior Shin Bet official would replace Bar, according to the outlet.
The move would come after Netanyahu placed Strategic Affairs Minister Ron Dermer, a close ally, at the head of the team, replacing Mossad chief David Barnea, who remains a member.
A senior Israeli official did not directly deny the report regarding Bar, telling The Times of Israel that, “as of now, there is no change to the make-up of the negotiating team.”
Channel 13 reported on Monday that Netanyahu met with Bar over the weekend, and, in a tense conversation, informed him that he intends to change the negotiating team. Officials in the building told the outlet that Bar left the meeting visibly upset.
The Prime Minister’s Office firmly denied a Channel 12 report that Netanyahu wants to put off the next phases of the hostage-ceasefire deal and ask Trump to first work with him to “take care” of Iran and then move to a potential Saudi normalization deal.
The report claimed that Netanyahu intends to ask the US president to agree to a two-month delay in implementing the second stage of the Gaza deal, and that this is why Netanyahu did not dispatch a delegation to talks in Qatar this week.
“It is a total lie that harms the families of the hostages,” the PMO said in response to a question about the report.
Prime Minister Benjamin Netanyahu speaks to media outlets ahead of boarding a plane to Washington on February 2, 2025. (Avi Ohayon/GPO)
Before Netanyahu and Trump sit down for their meeting in the White House, the US president will reportedly watch the footage of Hamas’s October 7 atrocities compiled by Israeli authorities in the wake of the attack. According to Ynet, Witkoff saw the footage while in Israel last week and was left shocked, and decided that the president should view it as well.
Though Netanyahu was originally expected to return to Israel on Thursday, he will instead remain in Washington through the weekend, flying back on Saturday night, his office said on Monday.
According to the PMO, the change was made due to “the many requests for meetings from US officials.” The change in departure means that Netanyahu will be overseas during the next slated release of hostages from Gaza, scheduled for Saturday.
On Wednesday, Netanyahu is scheduled to meet National Security Adviser Michael Waltz in the morning, and then sit down with Defense Secretary Pete Hegseth at the Pentagon in the afternoon.
Netanyahu will be on Capitol Hill on Thursday, meeting in the morning with Senate Majority Leader John Thune, followed by a meeting with other Senate leaders, and then sit down with Speaker of the House Mike Johnson, followed by a joint statement to the press.
Sara Netanyahu, the prime minister’s wife, arrived at the Blair House on Monday to greet her husband, the PMO told The Times of Israel.
She has been living in Miami since mid-November, and did not fly back to Israel for her husband’s surgery in late December. She also did not meet him on the tarmac upon his arrival Monday at Andrews Air Force Base.
END
ISRAEL/WEST BANK
8 hurt, 2 critically, in shooting attack at IDF checkpoint in northern West Bank
Palestinian gunman breaches military post near Tayasir, exchanges fire with troops for several minutes until he was killed; Palestinians later report drone strike nearby
Israeli soldiers take positions after an attack on an IDF post near the northern West Bank village of Tayasir on February 4, 2025 (Nasser Ishtayeh/Flash90)
A Palestinian gunman infiltrated an army checkpoint in the northern West Bank on Tuesday morning, opening fire and wounding eight before being killed, the military and medics said.
The attack took place at the Taysir checkpoint, close to the Palestinian village of the same name. The checkpoint is on a road leading from the Jordan Valley to the village and other Palestinian towns.
According to an initial probe by the Israel Defense Forces, the gunman managed to sneak up to a military post at the checkpoint, where he opened fire on troops just before 6 a.m.
The compound next to the checkpoint includes a watchtower and several structures, and it is manned by a squad of 11 soldiers and a commander.
The assailant, who has not yet been identified, was armed with an M-16 assault rifle and two magazines, and wearing a tactical vest.
The IDF’s probe found that the gunman approached the army post on foot undetected overnight. At dawn, the assailant surprised two soldiers who were getting up to leave the post to open the adjacent Tayasir checkpoint for Palestinian traffic.
Ambulances after an attack on an IDF post near the northern West Bank village of Tayasir on February 4, 2025 (Magen David Adom)
The soldiers, who were in full military gear, exchanged fire with the gunman at close range at the entrance to the post.
From there, other soldiers stationed at the army post exchanged fire with the gunman for several minutes, during which he managed to enter the post itself and the entrance to the watchtower. The IDF said that the gunman did not go up to the top of the watchtower.
A backup team then arrived at the scene and opened fire on the gunman from outside the army post, causing him to flee.
During the gunman’s attempts to run away from the post, one soldier from the backup team hurled a grenade at him, and others opened fire. The assailant was killed just outside the army post.
Israeli soldiers stand guard at the scene of a shooting attack on the Tayasir checkpoint east of Tubas in the north of the West Bank on February 4, 2025. (Photo by Jaafar ASHTIYEH / AFP)
At least eight were wounded in the attack, first responders said, including two listed in critical condition. Four were moderately hurt and another two were listed in good condition. They were taken to hospitals in Israel.
Footage posted by Palestinian media showed the moments of the attack.
In the video, gunfire can be seen at the top of the watchtower. According to the IDF’s probe, troops stationed in the watchtower opened fire from above at the gunman.
The IDF said it would provide further details on the attack later.
Shortly after the shooting attack, Palestinian media reported an Israeli drone strike in the town of Tamun, close to Tayasir. No injuries were reported.
There was no immediate comment from the IDF on the strike.
Tuesday’s shooting came amid an ongoing counter-terrorism offensive in the northern West Bank, including in several Palestinian towns near the site of the attack.
The IDF has been operating in Jenin, Tulkarem, and Tamun for two weeks.
Over 35 gunmen were killed by troops during the operation, and another 15 were killed in drone strikes, the military said Sunday.
The IDF has acknowledged mistakenly killing several civilians during the operation, including a toddler.
More than 100 wanted Palestinians have been detained, and troops have seized some 40 weapons and neutralized over 80 explosive devices during the operation, according to the IDF.
A military helicopter after an attack on an IDF post near the northern West Bank village of Tayasir on February 4, 2025 (Magen David Adom)
The offensive, dubbed Operation Iron Wall, was launched on January 21, and the military expects it to last several more weeks.
The West Bank has seen a surge in violence since Hamas’s October 7, 2023, attack on Israel from the Gaza Strip ignited the war there.
Since then troops have arrested some 6,000 wanted Palestinians across the West Bank, including more than 2,350 affiliated with Hamas. According to the Palestinian Authority health ministry, more than 900 West Bank Palestinians have been killed in that time. The IDF says the vast majority of them were gunmen killed in exchanges of fire, rioters who clashed with troops or terrorists carrying out attacks.
There has also been a significant uptick in settler violence against Palestinians since the start of the war.
During the same period, 46 people, including Israeli security personnel, have been killed in terror attacks in Israel and the West Bank. Another eight members of the security forces were killed in clashes with terror operatives in the West Bank.
END
IDF soldiers Ofer Yung, Avraham Friedman killed during West Bank terror infiltration
An additional unnamed soldier was killed in the incident, and eight additional soldiers were injured.
By YONAH JEREMY BOBFEBRUARY 4, 2025 06:45Updated: FEBRUARY 4, 2025 16:
IDF reservist, Warr. Ofc. Ofer Yung AND Sergeant Major (Res.) Avraham Tzvi Tzvika Friedman(photo credit: IDF)
IDF reservist, Warr. Ofc. Ofer Yung, 39, and and Sergeant Major (Res.) Avraham Tzvi Tzvika Friedman, 43, were killed, and several were wounded in a Palestinian terror attack at an outpost near the village of Tayasir, north of the Jordan Valley on Tuesday.
The incident started around 6:00 a.m., though initial reviews suggest that the terrorist arrived in the area in the middle of the night, waiting for daybreak to attack.
When two of the soldiers were about to exit the outpost and opened the door to the outpost, the terrorist opened fire on both of them, killing one of them.
Next, the terrorist took up a position at the entrance and opened fire on the other nine soldiers inside the outpost.
The soldiers, though caught by surprise, started to return fire both from within the outpost as well as from the outpost watch tower.
The scene of a terror attack at an IDF outpost in Tayasir, near the Jordan Valley, February 4, 2025. (credit: SCREENSHOT/X, SECTION 27A COPYRIGHT ACT)
Eventually, the terrorist started to retreat in order to try to flee.
However, the acting battalion commander arrived on the scene with additional forces and started to engage the terrorist from a new vector.
At a certain point, a soldier threw a grenade at the terrorist, wounding him and causing him to stop firing.
Later, the soldiers followed up with the terrorist and shot him to death from closer up.
During the gunfight, the IDF had a drone nearby ,providing some intelligence.
However, the terrorist had succeeded in getting to such close proximity to the IDF soldiers that the drone could not fire on him, lest it strike the soldiers as well.
Military officials have criticized the security conditions at the checkpoint and the troops’ ability to protect themselves.
Palestinian footage from the scene suggests the assailant advanced under cover of darkness from a built-up area, reached the checkpoint, and entered the compound before opening fire. Soldiers responded with gunfire.
The footage also shows shots fired at the pillbox, though it remains unclear whether they were from the assailant targeting the position or if he had already entered it and was being fired upon by IDF forces.
The attack comes amid intensified IDF counterterror operations in the West Bank, particularly in Jenin, Tubas, Tammun, Tulkarm, and Kabatiya, as part of Operation Iron Wall.
Just yesterday, the IDF reported over 100 arrests of wanted individuals and the elimination of approximately 50 terrorists. Additionally, dozens of weapons and explosive devices were confiscated, and 23 structures used for terrorist activities were demolished in Jenin.
Security officials stated that “the operation will continue as long as necessary,” as directed by the security cabinet. Prime Minister Benjamin Netanyahu described it as “a large-scale and significant military operation to eliminate terrorism in Jenin,” adding that it was “another step in achieving our goal—strengthening security in Judea and Samaria.”
He emphasized that Israel is systematically countering “the Iranian axis wherever it extends its reach—whether in Gaza, Lebanon, Syria, Yemen, or Judea and Samaria. And we will continue to do so.”
IDF reinforcements deployed to the West Bank
Amid rising security threats, the Judea and Samaria Division has been reinforced with special units and combat battalions to secure roads and settlements and carry out widespread arrests while also responding to violent riots.
Following the attack, the Yesha Council released a statement: “In this difficult hour, we wish to strengthen the IDF soldiers and their commanders. Our brave fighters’ relentless battle keeps the vile terrorists away from the homes of Israeli citizens and prevents scenes similar to October 7 from occurring in Afula and Netanya, God forbid.”
“This morning’s attack once again proves that Arab terrorism seeks to harm the State of Israel and IDF soldiers. The Israeli government must decisively defeat Arab terrorism and declare the application of Israeli sovereignty to prevent the establishment of a terrorist state in the heart of the country,” the statement concluded.
ISRAEL/WEST BANK
IDF says 50 terrorists killed in West Bank since offensive started two weeks ago
More than 100 wanted Palestinians detained, some 40 weapons seized and 80 explosives neutralized during ‘Operation Iron Wall’ in Jenin, Tulkarem, and Tamun in northern West Bank
Smoke billows from the site of several explosions during an Israeli raid on Jenin in the northern West Bank, February 2, 2025. (Mohammad Mansour / AFP)
The Israel Defense Forces said Sunday that it has killed over 50 Palestinian terror operatives in the northern West Bank since launching a major counterterrorism offensive nearly two weeks ago.
Over 35 gunmen were killed by troops during operations in Jenin, Tulkarem, and the Tamun area, while another 15 were killed in drone strikes, the military said.
The IDF has acknowledged mistakenly killing several civilians amid the operation, including a toddler.
More than 100 wanted Palestinians have been detained, and troops have seized some 40 weapons and neutralized over 80 explosive devices during the operation, according to the IDF.
The offensive, dubbed Operation Iron Wall, was launched on January 21, and the military expects it to last several more weeks.
The operation, which has primarily focused on the city and refugee camp of Jenin, was expanded to Tulkarem last week, and to Tamun on Saturday night.
The IDF says it demolished 23 buildings in the West Bank’s Jenin refugee camp which were used by terror operatives.
Troops have scanned hundreds of buildings in Jenin during an ongoing raid there, locating bomb-making labs, caches of weapons, and command centers, the military says.
The army publishes footage showing the detonation.
Huge columns of smoke billowed over the surrounding area following the blasts.
The Palestinian official news agency, WAFA, said Israeli forces “simultaneously detonated about 20 buildings” in the eastern part of Jenin refugee camp, adding that the “explosions were heard throughout the city of Jenin and parts of the neighboring towns.”
Witnesses reported a “large” deployment of Israeli forces in the morning around the towns of Tubas and Tamun, southeast of Jenin.
An Israeli military bulldozer digs up a street during a raid in the al-Fara refugee camp south of Jenin in the northern West Bank on February 2, 2025. (Jaafar Ashtiyeh / AFP)
The Palestinian health ministry said that an elderly man — named as Walid Lahlouh, 73 — was killed by Israeli fire in Jenin on Sunday. There was no immediate comment from the IDF.
Drone strikes in Qabatiya, Jenin
The IDF also confirmed Sunday that it had targeted Palestinian terrorists in three separate aerial strikes, within several hours, in the northern West Bank, on Saturday night, including a cell that was on its way to carry out an imminent attack, confirming that it took out a prisoner set free as part of a 2023 deal with Hamas.
The military said the strike on the cell on its way to carry out a terror attack occurred in Qabatiya, with secondary explosions observed as a result of bombs that were in the car going off.
That strike, the IDF said, killed terror operatives Salah Zakarneh and Abd al-Hadi Kamil, the latter of whom was released as part of a hostage deal in November 2023.
The two other strikes occurred in Jenin, the army said, adding that they targeted two armed terror cells.
The Palestinian Authority health ministry reported two killed in the Qabatiya strike, two killed in one of the Jenin strikes, and 16-year-old Ahmad al-Sadi killed in the other Jenin strike along with others critically wounded.
Settlers said to torch mosque
Israeli settlers set fire to a mosque overnight Saturday-Sunday in the Bedouin village of Arab al-Mleihat northwest of the West Bank city of Jericho, according to Palestinian media reports.
A group of settlers poured a flammable liquid inside the building in the early hours of Sunday morning, setting it ablaze and destroying it completely, according to Hassan Mleihat, an official from the local Al-Baydar Organization for the Defense of Bedouin Rights, speaking to The Times of Israel.
No casualties were reported in the incident, and no evidence was presented for the accusation against settlers.
However, a video circulating on social media of a large burning structure purported to show the incident.
Mleihat said that the Bedouin hamlet has been exposed to harassment by settlers in the past three years. Last September, 50 goats were poisoned there, the man recounts. The community is situated in a remote location and is far from the reach of fire trucks and rescue services, he added.
The Israel Police did not immediately respond to a request for comment.
Since October 7, 2023, troops have arrested some 6,000 wanted Palestinians across the West Bank, including more than 2,350 affiliated with Hamas.
According to the Palestinian Authority health ministry, more than 858 West Bank Palestinians have been killed in that time. The IDF says the vast majority of them were gunmen killed in exchanges of fire, rioters who clashed with troops or terrorists carrying out attacks.
During the same period, 46 people, including Israeli security personnel, have been killed in terror attacks in Israel and the West Bank. Another eight members of the security forces were killed in clashes with terror operatives in the West Bank.
Since October 7, the IDF has carried out more than 100 airstrikes in the West Bank, using drones, attack helicopters, and fighter jets.
iSRAEL/SYRIA
END
ISRAEL/SAUDI ARABIA
At a critical crossroad: We need a Saudi normalization deal now! – editorial
If Netanyahu and MBS are serious, they must find a way to navigate these challenges and act swiftly before regional tensions or political instability derail progress.
President Donald Trump and Saudi Crown Prince Mohammed bin Salman shaking hands while Prime Minister Benjamin Netanyahu looks on (illustrative).(photo credit: BANDAR ALGALOUD/COURTESY OF SAUDI ROYAL COURT/HANDOUT VIA REUTERS, Canva, REUVEN KASTRO, SHUTTERSTOCK)
As Prime Minister Benjamin Netanyahu and US President Donald Trump meet later today, among many topics of discussion should be one that could change the face of the Middle East: Saudi Arabia. The possibility of a historic accord between the kingdom and the Jewish state under the dynamic leadership of Crown Prince Mohammed bin Salman (MBS) has never been more promising.
For decades, Saudi Arabia, which has refused to recognize Israel since 1948, championed a rejectionist stance toward the Jewish state, aligning with the broader sentiment of Arab unity against Zionism.
Despite this official posture, quiet cooperation between Saudi Arabia and Israel has existed for years, particularly as both nations share a common adversary in Iran. Intelligence sharing and tacit coordination have grown, driven by shared concerns over Tehran’s regional ambitions and nuclear program.
There were whispers post-Abraham Accords that Saudi Arabia would be next to formalize ties with Israel, but October 7 put paid to that idea. Now, the timing could be ripe to push for Saudi-Israel relations and dent a further blow to Iran and its proxies across the region.
Israel is “closer than ever” to normalization with the Saudis, Israel’s newly appointed ambassador to the US Yechiel Leiter revealed in an exclusive interview last week with The Jerusalem Post. The development will be a “game changer for the region and beyond,” he said.
Poster calling for a Saudi normalization deal, featuring President Donald Trump and Saudi Crown Prince Mohammed bin Salman, February 3, 2025. (credit: MARC ISRAEL SELLEM)
The ambassador described normalization with Riyadh as part of a broader strategic realignment following the decline of Hamas, Hezbollah, and other Iranian proxies. “We’re closer to Saudi Arabia because we’ve degraded Hamas,” he said. “The fall of [former Syrian leader Bashar al-]Assad and the weakening of Iran’s influence have brought us to a moment of opportunity.”
A critical crossroad
The fall of Assad is also a critical juncture for the post-October 7 Middle East. Long an Iran bastion sitting on Israel’s borders, Assad’s fall and the rise of Syria’s transitional President Ahmed al-Shaara has also changed the region’s landscape. Al-Shaara met with MBS in Riyadh on Sunday in his first foreign trip as Syrian leader.
The potential benefits of any Saudi deal could hold the key to redefining the Arab-Israeli conflict and finally creating a solution to the Palestinian issue that has dogged Israel for seven decades.
MBS’s leadership has already redrawn the Middle East’s balance of power, allowing Saudi Arabia to surpass Egypt as the dominant Arab voice. His pragmatic approach to foreign policy has signaled that Riyadh is no longer beholden to outdated and medieval ideological battles and is instead attempting to chart a new course toward modernization.
Netanyahu, known for his ability to seize geopolitical opportunities, understands that this historic moment must not be wasted. With the US actively backing normalization efforts, the window for achieving a deal has never been wider.
Any deal could also force the Palestinians to return to negotiations rather than rely on continued international condemnation of Israel as their only strategy. By making the Saudis an active player in the peace process, Israel gains an Arab partner that has real influence over Palestinian decision-making – something the UAE and Bahrain, despite their Abraham Accords agreements, could never achieve alone.
Of course, a deal like this will not be without opposition. Some hardline factions in Israel will oppose any concessions to the Palestinians, while elements within Saudi Arabia’s conservative religious establishment may resist official ties with the Jewish state.
The Palestinians themselves may reject what they view as an Arab betrayal but the reality is that the Arab world has moved on from the failed attempts at peace. Nations like Saudi Arabia are no longer willing to hold their own national interests hostage in the name of a Palestinian leadership that has repeatedly rejected and squandered past opportunities.
If Bibi and MBS are serious, they must find a way to navigate these challenges and act swiftly, before regional tensions or political instability derail progress.
The moment for a Saudi-Israeli deal is now. The world has changed.
MBS has already redefined Saudi Arabia’s role on the global stage, and Israel has proven that peace with the Arab world is no longer a fantasy. The Abraham Accords laid the foundation, but a Saudi-Israeli deal would be the crown jewel of Middle Eastern diplomacy.
The opportunity is here. The only question is: Will they seize it?
HAMAS/ISRAEL//
end
ISRAEL/HAMAS
ISRAEL/ARAB TOWNS INSIDE ISRAEL
WEST BANK/ ISRAEL
END
SYRIA/RUSSIA
end
RUSSIA/UKRAINE/USA
END
RUSSIA/UKRAINE
END
RUSSIA/UKRAINE/USA
Great deal except one thing: the rare earths are under the occupancy of Russia
(zerohedge)
Ukraine Open To Trump Demand To Exchange Rare Earth Elements For Arms
Tuesday, Feb 04, 2025 – 01:00 PM
Apparently President Donald Trump’s ‘Victory Plan’ for Ukraine will involve the war-ravaged country agreeing to grant the US unprecedented access to its rare earth elements in a more ‘equitable’ quid pro quo.
He told reporters in the Oval Office on Monday that “We’re handing them money hand over fist. We’re giving them equipment” – in reference to the Zelensky government, strongly suggesting they need to give something more in return. “We’re looking to do a deal with Ukraine, where they’re going to secure what we’re giving them with their rare earth and other things,” he told reporters in the Oval Office.
“I want to have security of rare earth,” he added in reference rare earth elements, which has also been hotly sought after by other great industrial technology powers like China and Russia.
They are found in small deposits but have a huge variety of applications. These rare elements are useful in everything from electronics to defense systems to health care to batteries to clean energy. China has long had unrivaled dominance in the rare earth market, but others are catching up, and it appears Trump has set this as a priority of sorts.
The Hillnotes of Trump’s comments, however, that “It’s not clear whether Trump’s desired deal would refer only to the elements that are considered rare earths, or if he is also interested in minerals like lithium and titanium, of which Ukraine has a significant supply.”
The Zelensky government may actually be considering it, per FT:
A person close to Zelenskyy told the Financial Times that Trump’s remarks “seem to align with the ‘victory plan’ presented to him in the fall”. The person said Ukraine had offered Trump “special terms” for co-operation on key resources, stressing the need to protect them from Russia and Iran. “Of course, we are ready to work with America,” the person added.
Kremlin spokesman Dmitry Peskov called Trump’s rare earth metals demand to Ukraine “an offer to purchase aid.”
“Well, probably, if we call a spade a spade, this is an offer to buy aid, that is, not to continue to provide it on a gratuitous or other basis, but to provide it on a commercial basis,” he told reporters in Moscow on Tuesday. “It is better, of course, not to provide assistance at all and thereby contribute to the end of the conflict.”
The only problem for Kiev and Washington is that the bulk of Ukraine’smain rare earth deposits are currently under Russian occupation in the territories annexed by Moscow…
xcom/DagnyTaggart963/status/188671309437986033
This is not the first time such a controversial plan has been floated. Late last year US Senator Lindsey Graham kept repeating the demand to gain access to Ukraine’s resources in media appearances.
Lavrov had blasted the plan at the time, and said it shows what Washington is really after: “It is no coincidence that US Senator Lindsey Graham said outright (he is not a diplomat and does not hide his thoughts), that the US needs to ensure that Russia suffer a defeat in Ukraine, because there are many rare-earth metals, including lithium,” the top Russian diplomat said in November. “He said so to Vladimir Zelensky when he visited him recently. He said that the US needs these riches. And he added that they would help Ukraine and in return they would take all this from it as payback,” Lavrov added.
As of Tuesday morning, The Washington Post writes that Ukraine welcomes Trump offer for its minerals in trade for military support, citing Ukrainian officials who say Kiev is ready to work with Trump’s business-like approach.
We’ve noted before that China alone accounts for 85-90 percent of the world’s rare earth mine-to-metal refining. What’s more, Chinese refineries supply 68 percent of the world’s cobalt, 65 percent of nickel, and 60 percent of EV-battery-grade lithium. As a result, a whopping 75 percent of all EV batteries are made in China.
copter’s pilot social media, even to her parents etc.? Hoft asks: ‘So What Are They Hiding?’ ‘Female Pilot Rebecca Lobach’s Entire Social Media Scrubbed before Army Released Her Name’
———- Forwarded message ——— From: Slay News <mail@slaynews.com> Date: Mon, Feb 3, 2025 at 15:22 Subject: Official Data Confirms Plunge in Births Among Covid-Vaxxed Women To: Milan Sabioncello <sabioncello@gmail.com>
DNC Vice-Chair David Hogg wants to abolish ICE, defund the Police, and designate NRA as a terrorist groupDavid Hogg, a well-known gun control activist and outspoken progressive, has been elected as a vice chair of the Democratic National Committee (DNC), cementing his position as a rising figure in Democratic politics. At just 24 years old, Hogg’s appointment marks a generational shift in party leadership and gives him a level of institutional influence that his activism alone had …READ MORE
Trump puts USAID security leaders on leave after refusing to turn over classified info to DOGEThe Trump administration has placed two senior officials at the U.S. Agency for International Development (USAID) on leave after they initially refused to hand over classified documents to Elon Musk’s Department of Government Efficiency (DOGE), multiple sources confirmed. According to reports, the two officials, John Vorhees and his deputy Brian McGill, withheld the classified materials from Musk’s inspection team, arguing …READ MORE
Musk’s DOGE granted access to US Treasury payments systemRepresentatives from Elon Musk’s Department of Government Efficiency (DOGE) have been granted access to the federal payment system, a major step in their efforts to monitor and potentially limit government spending. The decision, made by Treasury Secretary Scott Bessent on Friday, provides Musk’s team with a powerful tool to review federal payments and identify what they deem as wasteful expenditures. …READ MORE
Gun control activist David Hogg elected as Vice-Chair of DNCDavid Hogg, a prominent left-wing social media influencer and gun control activist, has been elected as vice chair of the Democratic National Committee (DNC), making history as the first member of Generation Z to hold the position. Hogg first gained national recognition following the 2018 Parkland school shooting, where he emerged as a leading voice in the fight for stricter …READ MORE
EVOL NEWS
LATEST REPORTS FOR NEWS JUNKIES
LATEST REPORTS FOR NEWS JUNKIES
Dems ‘Secretly Plotting’ to Suppress Republicans’ House Majority by Rewriting LawNew York Democrats are reportedly plotting to prevent Speaker Mike Johnson from having a full majority as House Republicans work to pass major parts of President Donald Trump’s legislative agenda.Democratic lawmakers in New York’s state legislature could unveil a bill as early as Monday to delay the special election to fill outgoing Republican New York Rep. Elise Stefanik’s seat until …READ THE FULL REPORT
Crucial Moderate GOP Senator Backs Tulsi Gabbard Ahead of Committee VoteModerate Sen. Susan Collins, R-Maine, revealed her plan to support Tulsi Gabbard’s nomination to be Director of National Intelligence (DNI) on Monday evening.“After extensive consideration of her nomination, I will support Tulsi Gabbard to be the Director of National Intelligence,” she said in a statement.“As one of the principal authors of the Intelligence Reform and Terrorism Prevention Act of 2004 …READ THE FULL REPORT
BIG Canada CAVES to President Trump, says tariffs will now be PAUSEDCanadian Prime Minister Justin Trudeau just announced that he just spoke with President Trump and that they will be reinforcing their own border with nearly 10,000 troops to stop the flow of fentanyl, just like Mexico. Because of this, Trudeau says Trump’s tariffs have now been paused for the next 30 days. I just had a good call with President …READ THE FULL REPORT
Watch: WH Press Secretary Reveals Four Absolutely Insane Priorities That USAID Wastes Money OnWhite House Press Secretary Karoline Leavitt busted out the receipts this afternoon, sharing just how the US Agency for International Development (USAID) spends taxpayer dollars. And what she revealed will leave your blood boiling.During a short press conference outside the White House, Leavitt responded to woke critics who have thrown tantrums over X owner and DOGE Chairman Elon Musk and …READ THE FULL REPORT
Another Trump Win: Trudeau Folds in Trade War ConflictPresident Trump and Canadian Prime Minister Justin Trudeau announced a temporary deal Monday evening to halt the imposition of 25% tariffs on each other’s imports for 30 days while a final border security pact gets hashed out.Trump, 78, and Trudeau, 53, spoke on the phone twice Monday before announcing the agreement, with Canada set to ensure 10,000 troops will be …READ THE FULL REPORT
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
a must read!!
It Looks Like A Looming Monroe Doctrine Pan-North American Trade Stance Is Being Prepared
Tuesday, Feb 04, 2025 – 10:20 AM
By Michael Every of Rabobank
20,000 Ledes Under the “See!”
The North American trade war is over before it started, as US tariffs on Mexico and Canada have been paused for 30 days after both offered full cooperation over fentanyl and made 10,000 police officers or military available at the border. So, 20,000 people are paying attention to this problem so millions globally don’t have to keep following it 24/7 in markets.
Everyone gets to say, “See!”: the Trump tariff “because markets” denialists; those who see Trump as having caved after burning US political capital; and those who see Mexico and Canada as having caved, following Colombia, Panama, and perhaps Greenland (which is to ban foreign influence in its next election on 6 April: good luck with that).
The next 30 days, in which Treasury‘s Bessent, State’s Rubio, and Commerce’s Lutnick –all (checks notes) ‘fentanyl experts’– discuss the border and trade with Mexico will be critical for determining what just happened and is likely to happen next. The waters may be muddy, but it looks like a looming Monroe Doctrine Pan-North American trade stance is being prepared, as flagged yesterday.
But back to some of the 20,000 Ledes under the “See!”
Those thinking tariffs are not a thing need to consider that Europe is likely next in the firing line – and it doesn’t have a fentanyl issue or a common border with the US (yet). What is the potential deal there? And what if the North America is being reordered to greater purpose than “because markets”?
Relatedly, Trump said new 10% tariffs on China were an “opening salvo” and will go higher without a deal there too – and will speak to Beijing within the next 24 hours on the topic. So, another reprieve and another “See!”?
Look deeper!
China is suggesting a return to the Farce One Trade Deal, which seems unlikely to sell, and to not devalue CNY, which brings FX policy into the open as the economic statecraft it actually is rather than the polite “market” we describe. At the same time, those who have read the recent Trump Executive Order on trade will have noticed the slew of national-security related China-focused investigations already underway, and which are unlikely to only conclude that a 10% tariff is an appropriate palliative:
Commerce, with Treasury and the USTR, will investigate the causes of large, persistent US trade deficits, as well as the economic and national security implications and risks resulting from them, and recommend appropriate measures, such as a global tariff or other policies.
Commerce, with the Secretary of Defence and relevant agencies, will conduct a full economic and security review of the US industrial and manufacturing base to assess whether it’s necessary to initiate action to reduce imports that threaten national security.
Commerce and the USTR will assess legislative proposals over China’s Permanent Normal Trade Relations status and make policy recommendations regarding any changes; together with the SCTM, it will also review the US-China Phase One Trade Deal to determine whether China is acting in accordance with it and perhaps impose tariffs; and China’s trade circumvention through third countries; and/or policies which burden or restrict US commerce.
President Trump has now twice threatened 100% tariffs on any BRICS countries considering dedollarisation.
Without meaning to repeat the meme endlessly, it is still all about economic statecraft right now:
The US State Department has swallowed up USAID, prompting Branko Milanovic to argue, “The main losses… will be felt by the comprador intelligentsias. The role of these intelligentsia was ambivalent. They were introducing some new knowledge in their countries, but they were often cut off from the domestic intellectual developments. They did not reflect the needs of countries, but of donors.” Just not the *US* donors, according to Secretary of State Rubio.
The White House may shut down the Department of Education –only created in 1979– further underlining how radical the structural changes taking place are on multiple fronts.
The US is to launch a sovereign wealth fund. Some will ask how a country running large twin deficits can save for such a fund – but thinking like an economist is wrong; others wonder which financial assets will be bid up by it – but pure Fartcraft, is also wrong. The Executive Order states the federal government directly owns $5.7 trillion of assets, and indirectly far more. These will now be leveraged “to invest in great national endeavours for the benefit of all of the American people.” That might mean TikTok, which doesn’t seem to make money, but is a national security issue; or crypto to fuse dollar-based Fartcraft to its main purpose – directing huge funds to national security/warcraft areas requiring long-term, low-cost capital.
President Trump is proposing Ukraine grant the US rights to its critical minerals in exchange for military aid. Talk about a quid pro quo, or dollars pro quo, but again pointing to a Great Game of Global Trade – and further potential US interest in the ultimate outcome of the war.
There is also drama on a relatively smaller, but still market-moving scale in Europe:
French PM Bayrou has rammed through the 2025 budget at the price of a parliamentary confidence vote, likely tomorrow, that could bring down the budget and 6-week-old government. Were that to come to pass, markets would be ne content pas to put it mildly.
The contrast between Europe’s ‘Greece’ and the US’s ‘Rome’ could not be starker as Germany also prepares for its own federal elections, which seem unlikely to return a government capable of dealing with the profound structural issues it is grappling with.
The “pro-growth” UK government is to allow Council Tax to rise 5%, andhigher in places. The PM also says the country doesn’t have to choose between the US and EU, a geopolitical delusion being echoed everywhere. In the UK case perhaps it simply means not being offered a deal by either? For the moment the best the UK is being pointed to by the EU is a defence “coalition of the willing to spend €500bn as starters”, which it has already said it can’t afford.
Looking at all this, it’s not surprising that the Fed’s Bostic yesterday stated that the uncertain outlook for the US economy and inflation argues for a wait-and-see approach on rates in 2025. He could also have said 20:25, as in this evening, and it would also have been accurate.
end
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL
Trump To Restore ‘Max Pressure’ On Iran With EO Aimed At Driving Its ‘Oil Exports To Zero’
Tuesday, Feb 04, 2025 – 10:35 AM
It’s long been anticipated and expected, but now it’s happening within just the first couple weeks of the new administration alongside Trump’s threat to strangle the Russian economy by orchestrating a global oil price collapse (perhaps a likely bluff meant to gain leverage at the negotiating table, however)…
President Donald Trump will sign executive order on Tuesday restoring “maximum pressure” on Iran, Reuters is reporting, citing a US official. This is with the intended aim of thwarting all paths of the Islamic Republic toward a nuclear weapon.
The US official also cited Iran’s “malign influence” in the Mideast region and de facto state of war with Israel, including support for regional militants who attack Israeli territory and interests.
“The official told Reuters that Trump’s directive orders the US Treasury Secretary to impose ‘maximum economic pressure’ on Iran, including sanctions and enforcement mechanisms on those violating existing sanctions. The directive is aimed at denying Iran ‘all paths to a nuclear weapon’ and countering ‘Iran’s malign influence’ according to the official.”
Crucially, there’s this line in the breaking Reutersreport:
The US Secretary of State will modify or rescind existing sanctions waivers and cooperate with the treasury to implement a campaign “aimed at driving Iran’s oil exports to zero,” the official added.
Trump famously unilaterally withdrew the United States from the Iran nuclear deal on May 8, 2018 – which had initially been implemented under Obama in 2015.
WTI bounced about $2.00 in very short order on the fresh Reuters headline and newswires…
Republican hawks have always blasted it as a ‘bad deal’ and have opted for a high pressure approach based on refusal of any potential rapprochement or diplomatic means of thwarting potential Iranian nuclear ambitions. Trump on the campaign trail railed against Biden’s policy too.
But Trump has lately shown he favors peace in the Mideast and lasting solutions to a volatile oil rich region, as Middle East Eye comments:
Evidence underscores Trump’s willingness to seek peace in the Middle East. Even before his reelection, Trump sent a clear message to Israeli Prime Minister Benjamin Netanyahu to end the Gaza war before his inauguration. This was not mere posturing; Trump’s special envoy, Steve Witkoff, reportedlypressured Netanyahu into a ceasefire.
A particularly striking development involves Columbia University professor Jeffrey Sachs, who recently argued in a video that Netanyahu played a key role in steering the US into two prior regional wars. On 7 January, Trump amplified these claims by sharing on Truth Social the video, in which Sachs provocatively refers to Netanyahu as a “deep, dark son of a bitch”.
Many viewed it as a calculated signal from Trump to Netanyahu: “I’m watching you.”
Thus this new impending Iran executive order restoring maximum sanctions could be part of Trump’s calculated ‘big stick’ approach to negotiations wherein a future ‘better deal’ could be reached with Tehran.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA
Trudeau Bends The Knee: Canada Will Send 10,000 Troops To Border, Name Fentanyl Czar To Delay Trump Tariffs
Monday, Feb 03, 2025 – 04:53 PM
Update (4:40pm ET): In what is a carbon copy of Trump’s tariff-delaying deal with Mexico, moments ago Canada’s outgoing PM, Justin Trudeau, said that he too had bent the knee, i.e. had a “good call” with Trump, and that US tariffs on Canada would be paused for 30 days after Canada – just like Mexico – agreed to send 10,000 troops to the border as part of a $1.3 billion border plan which “reinforces the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl”.
Trudeau also said that Canada will appoint a Fentanyl Czar, list cartels as terrorists, ensure 24/7 eyes on the border, and launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering.
Finally, the Canadian PM also signed a new intelligence directive on organized crime and fentanyl and we will be backing it with $200 million.
As a result of not only bending the knee but bending over fully for the US president, Trump’s proposed tariffs will be paused for at least 30 days.
.com/JustinTrudeau/status/1886529228193022429
Shortly after Trudeau’s post, Trump followed suit on his own Truth Social network, writing that Canada “has agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl that have been pouring into our Country, killing hundreds of thousands of Americans, while destroying their families and communities all across our Country.”
Trump concluded by saying that he is “very pleased with this initial outcome” adding that the Tariffs announced on Saturday will be paused for a 30 day period “to see whether or not a final Economic deal with Canada can be structured. FAIRNESS FOR ALL!”
Trump has agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl that have been pouring into our Country, killing hundreds of thousands of
Separately, the FT reported that all shipments arriving by mail from Canada and China will need to be cleared by customs from Tuesday onwards as the US moved to close a trade loophole that allowed low value imports to avoid duties.
“Without regard to their value, no mail shipments from China will be cleared or released” by the Customs and Border Protection agency “unless and until formal entry is properly filed”, the agency said in a document scheduled to be published in the Federal Register on February 5.
The CBP used the same language in a filing about tariffs on Canada, also scheduled to be published on Wednesday.
Details on the CBP’s order requiring “formal entry” for shipments from Canada and China follows US President Donald Trump issuing executive actions imposing tariffs on goods from those countries.
Trump’s executive orders stated that the articles applicable for tariffs would not be exempt from the so-called “de minimis exemption”, which allows low value imports to avoid duties.
“For three days a lot of the far left has actively rooted against America and argued we’d get nothing out of President Trunp’s demands that Mexico secure its country.
Well, how do you like them apples?”
Apples indeed! Now let’s see what Trudeau has to say later…
END
CANADA
Canada Is A Failed State and Mark Carney is BlackRock’s Bankruptcy Trustee The sad part is that this is true. The Canada known in the past is gone. What will remain of the past is not known. And tomorrow will not be better because we have for the most part lost the ability to succeed on a world stage where the world is changing quickly. Youth today if they can departs and never comes back. This loses the future as they find themselves with a future not shared. Once Canada was a land that beckoned people to contribute who came and built. While today it beckons those people who take advantage.
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS TUESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0336 UP 18 BASIS PTS
USA/ YEN 155.13 UP .013 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 1.2421 DOWN .0013 OR 13 PTS
USA/CAN DOLLAR: 1.4413 DOWN 0.0009 (CDN DOLLAR UP 9 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED GOLDEN WEEK
Hang Seng CLOSED GOLDEN WEEK
AUSTRALIA CLOSED UP 0.06%
// EUROPEAN BOURSE: ALL MOSTLY GREEN EXCEPT LONDON
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MOSTLLY GREEN EXCEPT LONDON
2/ CHINESE BOURSES / :Hang SENG CLOSED
/SHANGHAI CLOSED
AUSTRALIA BOURSE CLOSED UP 0.06%
(Nikkei (Japan) CLOSED U[ 178.72 PTS OR 0.72%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2831.40
silver:$31.74
USA dollar index early TUESDAY morning: 108.40 DOWN 49 BASIS POINTS FROM MONDAY’s CLOSE.
The USA/Yuan, CNY ON SHORE CLOSED XXXX (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2865)
TURKISH LIRA: 35.93 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.275
Your closing 10 yr US bond yield UP 1 in basis points from MONDAY at 4.597% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.803 UP 3 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.249 DOWN 2 BASIS PTS.
GOLD AT 11;00 AM 2842.00
SILVER AT 11;00: 32.16
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: TUESDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 12.79 pts or 0.15%
German Dax : UP 32.03 pts or 0.29%
Paris CAC CLOSED UP 51.48 pts or 0.66%
Spain IBEX CLOSED UP 167.00 PTS OR 1.37%
Italian MIB: CLOSED UP 500.37 PTS OR 1.38%
WTI Oil price 72.56 11 EST/
Brent Oil: 76.20 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 99.94 ROUBLE DOWN 0 AND 20/100
GERMAN 10 YR BOND YIELD; +2.4050 UP 3 BASIS PTS.
UK 10 YR YIELD: 4.5829 UP 8 BASIS POINTS
CDN 10 YEAR RATE: 3.076 UP 6 BASIS PTS.
CDN 5 YEAR RATE: 2.723 DOWN 2 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0382 UP 0.0054 OR 54 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2481 UP 0.0049 OR 49 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.513 UP 3 BASIS PTS//
JAPAN 10 YR YIELD: 1.273 UP 4 FULL BASIS PTS.
USA dollar vs Japanese Yen: 154.30 DOWN .971 OR 97 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4315 DOWN .0106 BASIS PTS CDN DOLLAR UP 106 BASIS PTS
West Texas intermediate oil: 72.55
Brent OIL: 75.99
USA 10 yr bond yield DOWN 3 BASIS pts to 4.510
USA 30 yr bond yield DOWN 2 BASIS PTS to 4.750%
USA 2 YR BOND: DOWN 5 PTS AT 4.212
CDN 10 YR RATE 3.018 UP 3 BASIS PTS
CDN 5 YEAR RATE: 2.681 DOWN 6 BASIS PTS
USA dollar index: 107.81 DOWN 107 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.93 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 100.70 DOWN 0 AND 95/100 roubles
GOLD 2,842.60 (3:30 PM)
SILVER: 32.10 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 131.36 PTS OR 0.30%
NASDAQ 100 DOWN 266.53 PTS OR 1.25%
VOLATILITY INDEX: 16.91 DOWN 171 PTS OR 9.18%
GLD: $ 262.50 OR UP 2.86 PTS OR 1.09%
SLV/ $29.22 PTS OR UP 0.55 OR 1.92%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 63.79 PTS OR 0.25%
end
TRADING today ZEROHEDGE
ZEROHEDGE/HEADLINE CLOSING MARKETS
Bonds, Bullion, & Big-Tech Bid After Beijing Nothing-Burger & Bad Jobs
END
USA DATA
US Factory Orders Declined Overall In 2025
Tuesday, Feb 04, 2025 – 10:10 AM
Despite a surge in the Manufacturing (soft) survey data in December and January, ‘hard’ data continues to disappoint…
Source: Bloomberg
…as US Factory Orders fell 0.9% MoM in December (worse than the 0.8% decline expected) with November revised dramatically lower (to -0.8% MoM from -0.4% MoM)…
Source: Bloomberg
This left US Factory Orders in Bidenomics’ final year down 1.1% YoY while Core Factory Orders (ex-Transportation) rose 0.3% MoM – the fourth straight monthly rise – and up 1.4% YoY…
Source: Bloomberg
The final print for December durable goods orders confirmed the preliminary print, down 2.2% MoM…
Source: Bloomberg
Will the lagged response to a resurgence in confidence since Trump’s election spark a manufacturing renaissance?
END
Job Openings Unexpectedly Crater By More Than 500K As Wheels Start To Fall Off The Job Market
Tuesday, Feb 04, 2025 – 10:36 AM
One month after we reported that job openings “unexpectedly” soared on “a record 2 month surge in professional services”, moments ago the BLS reported that the biggest rollercoaster series in the US data set just collapsed, when December job openings “unexpectedly” cratered by 556,000, from 8.156 million to just 7.600 milion, the second lowest print since the covid crash…
… and below all Wall Street estimates with the exception of one, SocGen’s 7.5 million job openings forecast.
According to the BLS, the number of job openings decreased in professional and business services (-225,000), a sharp reversal from last month’s +273,000 surge, as well as health care and social assistance (-180,000), and finance and insurance (-136,000). Job openings increased in arts, entertainment, and recreation (+65,000). This
As a reminder, last month – when commenting on the then surge in professional service job openings – we said “How realistic is this surge in professional services JOLTS? We don’t know, but we know that the 2-month increase in pro services job openings was the largest on record!”
Now we know just how “realistic” it was.
In the context of the broader jobs report, in November the number of job openings was only 714K more than the number of unemployed workers (which the BLS reported was 6.886 million), down from last month’s 1.03 million and one of the lowest differentials since the covid crash.
Said otherwise, in July the number of job openings to unemployed was 1.1, a modest drop from last month, and on the low end of the pre-covid range in 2018-2019.
While the job openings data was an downside shock (and a reversal of last month’s surprise surge), where the silver lining was this month (again a reversal of last month) was in the number of hires, which staged a modest bounce, rising by about 90K to 5.462 million, just while the number of quits also rose modestly to 3.2 million from 3.13 million, a glimmer of hope in a labor force where the majority are now clearly far less optimistic they can find a higher paying job elsewhere, and would rather be fired than quit.
Finally, no matter what the “data” shows, let’s not forget that it is all just estimated, and it is safe to say that the real number of job openings remains still far lower since half of it – or some 70% to be specific – is guesswork. As the BLS itself admits, while the response rate to most of its various labor (and other) surveys has collapsed in recent years, nothing is as bad as the JOLTS report where the actual response rate remains near a record low 34%
Conclusion: how to make sense of this sudden collapse in the labor market? Simple: as we mused back in December, all Trump needs to do to get the Fed to restart cutting rates is to tell the BLS to show a sudden collapse in the labor market. Today was the preview. The main show comes on Friday at 8:30am.
Finally, no matter what the “data” shows, let’s not forget that it is all just estimated, and it is safe to say that the real number of job openings remains still far lower since half of it – or some 70% to be specific – is guesswork. As the BLS itself admits, while the response rate to most of its various labor (and other) surveys has collapsed in recent years, nothing is as bad as the JOLTS report where the actual response rate remains near a record low 33%
III USA ECONOMIC NEWS
Trump’s Withdrawal From The Paris Agreement Won’t Hurt The Climate
President Donald Trump withdrew from the Paris Agreement. Cue the leftwing meltdown.
Though everyone knew the withdrawal was coming, the left and the “international community” are still decrying America’s alleged abdication of leadership on climate.
But toothless agreements window dressed with international summits and photo ops are not the same as leadership. The truth is America has led the world in reducing emissions for years not because of the Paris Agreement, but because innovation and the free market facilitate the deployment of cheaper and cleaner energy.
Let’s review the record.
In recent decades, America has achieved unprecedented — and unexpected — energy production thanks to fracking and horizontal drilling. Since the early 2000s when these twin technologies began to be deployed much more expansively, U.S. natural gas production has more than doubled. By 2016, hydraulically fractured gas wells accessed through horizontal drilling accounted for nearly 70% of all oil and natural gas wells.
While the left may clutch its pearls at the increased production of a fossil fuel like natural gas, this clean energy source has been a main driver of U.S. emissions reductions.
Over the past 15 years when America has massively increased natural gas output, the U.S. reduced carbon emissions more than any other country. We can see this year by year.
For example, from 2022 to 2023, America offset dirtier coal energy generation with natural gas. As coal declined by 121.9 terawatt hours of electric generation over that time, natural gas increased by 118.9 terawatt hours. At the same time, U.S. greenhouse gas emissions declined 1.9%. Notably, 80% of the U.S. carbon emissions reductions were driven by the electric power sector — precisely where natural gas has an outsized impact.
Notice what didn’t cause those emissions reductions? The Paris Agreement. The American energy sector — powered by innovation and good-old-fashioned free market economics — has been driving down carbon emissions cheaply and effectively before the Paris Agreement was a twinkle in climate activists’ eyes. And it will continue to reduce carbon emissions long after President Trump’s decision to withdraw.
The Paris Agreement is far from the panacea some activists claim it is. It isn’t even a particularly effective tool to rally nations toward greater climate success. In the middle of the allegedly climate-conscious Biden administration, none of the world’s biggest emitters — America included — had reduced their emissions in accordance with the Paris goals. Apparently, the $1 trillion regulatory and subsidy regime erected by President Biden’s Inflation Reduction Act had little bang for the buck. What Agreement supporters forget is that no number of high-profile international accords can make command-control tactics work — or instill other nations with the ambition to fulfill their empty promises.
The Paris Agreement is the definition of bureaucratic failure, conflating meetings, busyness, and lofty goals as success. Its only achievement is to make climate ideologues and green jetsetters feel good about themselves as they fly to international conferences.
It’s no wonder President Trump withdrew. Talk is cheap. What matters is success. On that metric, the Trump administration is set to actually achieve what Paris Agreement signatories only write on paper.
Trump entered office promising to deregulate the fossil fuel industry, increase permitting for natural gas extraction, approve the construction of energy facilities like natural gas export terminals, and re-establish American energy dominance.
By leaning into America’s carbon advantage and exporting clean American energy abroad, he will boost the U.S. economy, supplant dirty energy from nations like Russia and Venezuela with a clean American alternative, and lower emissions both at home and abroad, all without the jaw-dropping price tag of the failed Biden-era green agenda. We should combine these steps with efforts to actually hold the biggest polluters accountable (which are being discussed by President Trump’s cabinet). This approach would be the antithesis of the Paris Accords’ America-last strategy.
Of course, some are urging President Trump to go further and not just withdraw from the Paris Agreement, but also back out of the UN Framework Convention on Climate Change (UNFCCC). This may seem like an easy choice, seeing as the UNFCCC, like so many UN bodies, acts contrary to American interests. But that’s exactly why America must remain in the UNFCCC.
Climate treaties will be formed whether or not the U.S. is involved, and the UNFCCC will continue to operate as a forum for those negotiations. Staying in the UNFCCC costs America nothing while allowing Trump and his appointees to keep a seat at the table, hold the UN accountable, and counter any deal that would put America at a disadvantage. While the UNFCCC can be harmful, it’s only the Paris Agreement that’s impotent.
The breathless alarm over the withdrawal from the Paris Agreement is overwrought. When President Trump withdrew from the Paris Climate Accord during his first administration, America went on to cut carbon emissions to the lowest level in 25 years. Re-embracing the power of natural gas in his second term, he’ll do it again.
So instead of the UN and international climate activists judging the U.S., we should remind everyone that if you want to put climate first, you should actually put America first.
Chris Johnson is a GOP strategist who organizes the next generation of conservative leaders. He also serves as a senior advisor to the National Federation of College Republicans, focusing on energy issues.
END
20,000 Government Workers Take Trump Buyout Offer As Mass Layoffs Loom
by Tyler Durden
Tuesday, Feb 04, 2025 – 01:40 PM
Approximately 20,000 federal workers, or around 1% of the federal workforce, have accepted the Trump administration’s “buyout” offerbefore Thursday’s deadline, Axios reports, citing a senior administration official.
The offer allows federal employees to stop working immediately and continue to be paid through Sept. 30. And with the door open for another 48 hours, the White House expects more to take the offer.
“We expect more to come. If you see what’s happening at USAID, it’s just one piece of the puzzle,” said the official, referring to the federal agency which oversees foreign aid programs full of rogue employeesthat were funding all sorts of woke, anti-American projects around the world.
The buyout offer has faced heavy opposition from unions and other organizations, which argue that the offer is illegal, there’s no guarantee people will actually get paid (lol), and it’s something that Congress would need to authorize. The Trump admin rejects those assertions, and says it’s following through on its promise to restructure the federal government.
Last week, the administration sent out a memo offering to pay all federal workers an 8-month severance through Sept. 30.
The official further stated that the administration is still trying to implement a hiring freeze, which has proven more difficult than expected as some agencies continue to hire new workers.
According to the report, the normal attrition rate within the federal workforce is around 6% per year, suggesting that some of those who have taken the buyout offer were planning to leave government service anyway.
Layoffs Likely
According to the Washington Post, the assistant commissioner of a division of the General Services Administration told staff early this week that mass layoffs across the federal government are “likely” after the ‘buyout’ offer expires Thursday.
“Please know that I empathize with the tough decisions you each are having to make,” wrote Erv Koehler, assistant commissioner of general supplies and services at GSA, in an email obtained by the Post. “Please focus on making the best decision for you and your particular situation.”
According to Koehler’s email, GSA’s Federal Acquisition Service “is being asked” to cut its program by 50%, which reflects the agency’s goal to half the size of its staff.
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 February 4, 2024 Issue 7423
Independent View of the News
On Monday, Asian bourses got hammered; cryptos plunged; Ethereum crashed as much as 26.5%.
China’s January factory growth misses expectations ahead of U.S. tariffs, Caixin PMI shows The Caixin/S&P Global manufacturing purchasing manager’s index came in at 50.1 in January, missing Reuters poll forecast of 50.5…https://t.co/oKO8vFuSu5
@APompliano: If tariffs are inflationary, then why is Norway’s VAT on almost all imported goods set at 25% yet the country’s inflation rate is 1.7%? Oh, there is no inflation because “they just keep the VAT at 25% each year!” Great, we’ll do the same. The mainstream narrative falls apart in about 5 seconds.
On Monday, Trump said, “Holding rates at this point was the right thing to do.” ESHs hit a daily low of 5935.50 at 21:47 ET and then rallied sharply to 5988.75 at 3:20 ET because Trump said he would speak with Canada and Mexico’s leader on Monday. ESHs then vacillated in a 29-handle range. Trump threw the markets a lifeline on Monday morning when he stated that he had spoken with Canadian PM Trudeau and will converse with him again at 3 PM ET.
@TrumpDailyPosts 9:09 ET: Canada doesn’t even allow U.S. Banks to open or do business there. What’s that all about? Many such things, but it’s also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada. Just spoke to Justin Trudeau. Will be speaking to him again at 3:00 P.M.
ESHs broke lower near 9:54 ET; but the decline was modest. After falling to 5950.25 at 10:20 ET, ESHs then soared vertically, to 6014.75 at 10:31 ET, because Mexico President Claudia Sheinbaum announced that tariffs would be delayed for a month after conversing with Trump and Mexico would send 10,000 troops to the border to prevent drug trafficking. She added that the US would halt the flow of high-powered weapons into Mexico and their teams would work on trade and security agreements. Statement at link: https://x.com/libsoftiktok/status/1886442945827516927/photo/1
Trump: “President Sheinbaum…I like her very much, but we have to stop fentanyl from coming in, whether I like somebody or not.”
@MatinaStevis: Senior Canada govt official tells me situation is in flux for Canada after the Trump-Trudeau call this morning and ahead of their follow-up call at 3pm, but that they are not optimistic that a real off-ramp from tariffs exists for Canada the way it materialized for Mexico.
@IanJaeger29: The Premier of Ontario, Doug Ford cancels $100 million Starlink contract in response to US tariffs. What a joke!
ESHs grinded upward until they hit 6038.50 (+103.00 from low) at 11:22 ET. ESHs then traded in a tight range until they broke lower at noon ET. After falling to 6003.75 at 12:54 ET, the Afternoon Rally began. ESHs plodded to a new daily high to 6049.25 at 14:48 ET. Traders unwilling to play last-hour roulette began to take profits. ESHs sank to 6020.50 at 16:00 ET.
In the early afternoon on Monday, DJT got busy. He signed an EO to create a sovereign wealth fund (Bitcoin soared); withdrew the US from the U.N. Human Rights Council; and halted UNRWA funding. DJT said, “We made a lot of progress on Russia-Ukraine.” He did not elaborate.
More Trump: “We’re looking to do a deal with Ukraine, where they’re going to secure what we’re giving them with their rare earths and other things… We don’t need Canada for anything… We have more energy than they do. Why are we willing to lose $200 billion per year to them? We don’t need them.”
Positive aspects of previous session USHs rallied sharply. Mexico and the US delayed tariffs while negotiating new trade and security deals. ESHs rallied 114 handles from their overnight low.
Negative aspects of previous session Stocks sank overnight and in early NYSE trading; gold hit an all-time high Gasoline soared; Oil rallied modestly.
Ambiguous aspects of previous session Will the WSJ and other not as smart as they think they are types ever admit they are wrong?
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5980.21 Previous session S&P 500 Index High/Low: 6122.13; 5923.93
@LeaveDelaware: The Delaware Governor has responded to companies leaving Delaware. “It’s really important we get it right for Elon Musk or whoever the litigants are in Delaware courts,”—”We’re cognizant that there may be some things that need to change. We’re going to work on them.” – Matt Meyer, Delaware Governor
@WSJ: Trump advisers are weighing executive actions to dismantle the Education Department
After the NYSE close, Trump said he had a good talk with Trudeau. The Canadian PM then announced a deal that delays tariffs for 30 days. Pearl-clutching globalists and whiny Dems are chagrined!
@AFP: “I just had a good call with President Trump,” Trudeau said on X, adding that Canada would deploy nearly 10,000 frontline officers to help secure the border, list drug cartels as terrorists, appoint a “Fentanyl Czar” and crack down on money laundering. https://t.co/Kwuhu0uLpd
Iran building North Korean-designed nuclear missiles capable of hitting Europe: reporthttps://trib.al/6r4REjh
WSJ debases itself with this: Trump Blinked on North American Tariffs – WSJ Editorial Board
Today – The huge ESH rally from its overnight low on Monday mitigates the energy for a Turnaround Tuesday to the upside. But the fear of the downside from tariffs has been greatly mitigated. Our best guess is that trading could be subdued until the usual suspects play for the final Fang (Google) to report results after the close. Typically, the rally for results season ends near the final Fang result.
Expected economic data: Dec JOLTS Job Openings 8.0m; Dec Factory Orders -0.7% m/m; Dec Durable Goods Orders -2.2% m/m, Ex-Trans 0.3%; Atlanta Fed Pres Bostic 11 ET, SF Fed Pres Daly 14 ET
ESHs +20.00 (opened +46.50); NQHs +101.00; and USHs are -12/32 at 20:20 ET.
S&P Index 50-day MA: 5992; 100-day MA: 5886; 150-day MA: 5759; 200-day MA: 5635 DJIA 50-day MA: 43,715; 100-day MA: 43,094; 150-day MA: 42,140; 200-day MA: 41,316 (Green is positive slope; Red is negative slope)
S&P 500 Index (5994.57 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5382.09 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 and MACD are negative – a close above 6090.22 triggers a buy signal
@EndWokeness: Schumer is panicking: “If DOGE can shut down USAID, next it might be the IRS or intelligence agencies.” (Chuckie was relentlessly mocked for his out-of-touch claim.) https://x.com/EndWokeness/status/1886530185610326184
Trump appointed Secretary of State Marco Rubio to be Acting Director of USAID. CBS claim USAID will be merged into the State Department so that it can carry out humanitarian efforts; but “discussions about reductions in funding were still fluid.”
DOGE sets its sights on $50 BILLION government department Elon Musk claims is a ‘criminal organization’ and warns it’s ‘time for it to die’https://t.co/xWc2Dq4gzq
Myriad Dems went berserk over the USAID news. Curtailing a huge leftist slush fund is painful!
@themarketswork: Dem Rep. Eugene Vindman: I spent 25 years in the Army… and everyday we worked with our partners at USAID… we better look at tripling the military budget…[Ukraine, blah, blah, blah, Ukraine…]” As Dems panic over USAID’s shutdown, they begin to let slip what USAID really is. https://x.com/themarketswork/status/1886487256447558013
@toddstarnes: Democrats are protesting the temporary pause in USAID funding. That’s because it’s really a slush fund for far-left causes…
@ChadPergram: Dem HI Sen Schatz on USAID: If you want to change an agency, introduce a bill and pass a law. You cannot wave away an agency that you don’t like, or that you disagree with by executive order or by literally storming into the building and taking over the servers. That is not how the American system of government works. @amlivemon: In 1961, President Kennedy signed the Foreign Assistance Act into law and created USAID by executive order. Live by the pen, die by the pen. Schatz is an idiot.
@IanJaeger29: Democrat Rep. Jamie Raskin says that USAID was created by Congress. That’s completely false, it was created by an Executive Order signed by JFK. https://x.com/IanJaeger29/status/1886494742839734775
@townhallcom: Marco Rubio shreds critics of USAID freeze: “They’re completely uncooperative when you ask questions…Their attitude is, we don’t have to answer to you…We answer to no one. Well, that’s not true. That will no longer be the case.”https://x.com/townhallcom/status/1886495958772367377
@MikeBenzCyber: What you will quickly find as you enter The Amazing USAID Vortex of Despair is that virtually every powerful political & financial motor of American society that promotes & lobbies for USAID is either directly on USAID’s payroll, works at a place that is, or his/her donors do. Case in point: AOC, promoting USAID all over X today, actually came from a USAID program in college to jumpstart her miracle political career. https://x.com/MikeBenzCyber/status/1886252477743321213 And You May Ask Yourself — what is this “humble little harmless humanitarian group NGO sponsor” USAID doing with massive troves of such highly classified state secrets that if anyone outside of USAID sees them it’s a grave threat to US national security? After the CIA scandals of the 1970s, most of this CIA work pumping up and funding media outlets all over the world was moved over to USAID, where it remains to this day, and which USAID still spends billions each year maintaining and expanding its captured media empire. Both USAID and NED are **directly accountable** to both the House Foreign Affairs Committee and the Senate Foreign Relations Committee. We need both House and Senate subpoenas, hearings, and mandatory transcribed interviews with all USAID and NED employees involved.
@LizCrokin: USAID partnered with Bill and Hillary Clinton’s sex trafficking organization The Clinton Foundation last year. In 2010, then Secretary of State Hillary helped oversee $4.4 billion that Congress had earmarked for “recovery” efforts in Haiti by the USAID in 2010. In 2014 Hillary also partnered with them on their “Global Development Lab”. Never forget the 2018 IG Report cited Hillary Clinton & Foundation and crimes against children.https://x.com/LizCrokin/status/1886126163371958360
Ex-DNI and current DJT special envoy @RichardGrenell: What Samantha Power did with your tax dollars at @usaid should be an FBI Investigation. She used your money to fund crazy radical programs and far Left activists. Investigate!
@USAO_DC: A Statement from U.S. Attorney for the District of Columbia, Edward R. Martin Jr. (He has told the FBI and DoJ prosecutors to go after people that have doxxed or threatened Doge!) https://x.com/USAO_DC/status/1886537850390483276
@JackPosobiec: DHS official says dept officials will defy Kristi Noem if they ‘don’t agree with’ her priorities: OMG (The arrogance and self-importance of gov toadies is shocking!) https://t.co/Y3ipdosy44
@ColonelTowner: How many times have I posted about John McCain and the IRI (International Republican Institute, a nonprofit funded by USAID)? He sat on the Foreign Affairs committee while funding coups thru the IRI for 25 yrs so he could cover up anything that got exposed. Graham, Romney and a host of others were directors. As a matter of fact there is a direct correlation between the RINOs opposing Trump and the IRI. Ok now go back and look at the NED law Reagan signed because it set up the same thing for the DEMOCRATS AND THE UNIONS AND THE CHAMBER OF COMMERCE.
@themarketswork: National Endowment for Democracy is better understood if you think of it as a CIA cutout for the State Department. New home for Victoria Nuland who thought she’d be more effective there than at State Dept. Look closely at who NED funds. Off-the-books [illegal] government. “Each year, NED makes more than 2,000 grants to support the projects of non-governmental groups abroad who are working for democratic goals in more than 100 countries.” When they say “democratic goals” they really mean those of the IC/Military complex. @elonmusk: Extremely concerning. NED is RIFE with CORRUPTION!! Those who know, please reply to this post listing all the evil things that NED has done. It’s a long list.
@farzyness: I love how in the span of 2 weeks DOGE confirmed to the American public how incredibly corrupt and wasteful our government has been. Likely that > 50% of our tax dollars are been flushed down the toilet FOR DECADES.
@MikeBenzCyber: The military, under Joe Biden and Mark Milley, openly plotted to incite race riots in Africa then use USAID to swoop in and give striking protestors no-show jobs on US taxpayer dime so they keep could keep getting paid while striking and protesting in the streets. https://x.com/MikeBenzCyber/status/1886325833352065350
@unusual_whales: The Government Accountability Office estimated last year that the federal government could be losing between $233 billion and $521 billion each year due to fraud.https://t.co/XcVimxbHaI
Department of Education doled out over $200M to universities to inject DEI into counseling courses: reporthttps://t.co/apC8Lg7xXk
How many trillions of dollars have been grifted from US taxpayers over the past several decades? @GOPoversight: NPR & PBS CALLED TO TESTIFY – DOGE Subcommittee Chair Majorie Taylor Greene (@RepMTG) is calling on the Chief Executive Officers of NPR and PBS to testify at a hearing concerning the systemically biased news coverage produced on behalf of federally funded radio and TV stations. NPR and PBS have repeatedly undermined public trust by ignoring stories that were damaging to the Biden Administration, dismissing genuine calls for balanced reporting, and pushing partisan coverage. As stewards of tax dollars, NPR and PBS must provide objective and accurate coverage that serves all Americans.
@AutismCapital: Vivek Ramaswamy says that if DOGE continues its fast-paced cutting the bond markets could heal and interest rates could very realistically come down. Elon Musk agrees and says, “If you’re shorting the bond market, you’re making the wrong bet.”
@EndWokeness: NJ Governor Phil Murphy just said he is hosting a migrant in his home to avoid deportations. ICE, do your thing. https://x.com/EndWokeness/status/1886457563840975042 @JackPosobiec: Harboring + obstruction of justice
“Full-On Corruption”: A Horrific Account of Government Harassment Against Jan. 6 ‘Survivor’https://t.co/rdsFLUvncD
@infantrydort: Meet Peggy Combs, former commanding general of Army ROTC. Responsible for churning out the vast majority of the Army’s officers year on year. A Chemical Corps officer. Let me say that again so everyone can hear. CHEMICAL CORPS! She wanted to see more diverse talent in ROTC so she drastically lowered standards to make this dream a reality… Major General Peggy Combs REMOVED testing and evaluation criteria at Advanced Camp. You no longer had to pass a crucible of events at ROTC’s toughest hurdle, you just had to show up and not get hurt. Her reasoning? I’m not making this up. SHE DIDN’T WANT THE PRESSURE OF BEING EVALUATED TO RUIN THE EXPERIENCE OF CADETS AT ADVANCED CAMP. She figured they would learn more about the Army if they could just watch and relax… THERE WAS A GENERAL IN OUR ARMY WHO LITERALLY PRODUCED OFFICERS FOR OUR COUNTRY WHO WOULD NOT NEED TO PASS BASIC FUNCTIONS ALL IN THE NAME OF DIVERSITY. America, you have no idea how bad it still is in the force. The SECDEF has allowed us to start the process of fixing it, but to undo the damage of what people like this woman did, will take years.
NYT: In private meetings and at public events, elected Democrats appear leaderless, rudderless and divided. They disagree over how often and how stridently to oppose Mr. Trump. They have no shared understanding of why they lost the election, never mind how they can win in the future… https://www.nytimes.com/2025/02/02/us/politics/democrats-trump.html
The NFL will reportedly consider measuring first downs electronically during the 2025 seasonhttps://t.co/8gGRWZf8Rf
NFL commissioner Roger Goodell forced to address claims referees favor the Chiefs before the Super Bowlhttps://trib.al/T5wF0Ft
New Orleans Saints’ role in priest coverup revealed in shocking emails team tried to keep secrethttps://trib.al/ycq0LNe
SWAMP STORIES FOR YOU TONIGHT
USAID Absorbed Into State Department Under Rubio After DOGE Crusade
Monday, Feb 03, 2025 – 12:10 PM
Update (1210ET):
“USAID will be merged into the State Department with cuts in the workforce, but it will remain a humanitarian aid entity, sources told @saraecook and me. Trump admin expected to announce the moves in coming days. Discussions of reductions in funding were still fluid today,” CBS News senior White House reporter Jennifer Jacobs wrote on X.
Over the last several days, the Trump administration’s move to strip USAID of its independence and be rolled into the State Department has been well-telegraphed with leaks and reports via media outlets.
As we noted earlier:
If USAID is rolled into the State Department, Marco Rubio will ensure grant scrutiny, preventing taxpayer funds from being stuffed into the coffers of the Deep State. And this will ultimately mark a historic shift in America’s role in the world.
All USAID lacked was grant distribution oversight, turning the agency into a Deep State slush fund. Not anymore, under Rubio at State.
* * *
About one day after the US Agency for International Development’s website went dark and its official X account disappeared, President Donald Trump addressed reporters Sunday night, declaring, “It’s been run by a bunch of radical lunatics. And we’re getting them out.”
By midnight, Elon Musk—who oversees the government efficiency initiative “DOGE”—provided taxpayers with an update on USAID’s status during a live X Spaces session.
Musk told the more than 682,000 listeners who tuned in that the president “agreed we should shut it [USAID] down.” This would be one of the largest planned cuts to date, and the fate of USAID is likely that it will lose its independence and be rolled into the State Department.
“As we dug into USAID it became apparent that what we have here is not an apple with a worm in it, but we have actually just a ball of worms. If you have an apple with a worm in it, you can take the worm out. If you have a whole ball of worms, it’s hopeless. USAID is a ball of worms. There is no apple. And when there is no apple you just need to get rid of the whole thing. That’s why it’s got to go. It’s beyond repair,” Musk explained.
com/AutismCapital/status/1886285005573460283
Musk wrote on X, “USAID is a criminal organization. Time for it to die.”
The move to end USAID as a stand-alone agency comes as the DOGE creator revealed: “Did you know that USAID, using YOUR tax dollars, funded bioweapon research, including COVID-19, that killed millions of people?”
Musk’s comments come after the administration placed two top security chiefs at USAID on leave after they refused to turn over classified material in restricted areas to Musk’s government-inspection teams, a current and a former US official told The Associated Press on Sunday.
Members of Musk’s Department of Government Efficiency, known as DOGE, eventually did gain access Saturday to the aid agency’s classified information, which includes intelligence reports, the former official said.
Trump has already ordered a freeze on foreign aid as part of his “America First” foreign policy. As some note, USAID has effectively served as a laundering scheme for the Deep State.
“Like I said before, USAID is a front for the CIA. And together with NGO’s like the Open Society Foundation, they have been using US tax dollars & govt resources as their personal piggy bank. It has been infuriating to watch. Hopefully now the whole truth will come out,” journalist Lara Logan wrote on X.
Musk’s involvement with DOGE suggests that the rapid counteroffensive against the Deep State is underway. What likely happened with USAID is a precision-guided strike aimed at severing the Deep State’s key funding source. Always follow the money—neutralizing the Deep State’s ability to launder taxpayer funds is a good start.
Musk was also joined by DOGE co-leader Vivek Ramaswamy and Sen. Joni Ernst (R-Iowa) on X Spaces. Ramaswamy noted:
.com/AutismCapital/status/1886286082360389685
If USAID is rolled into the State Department, Marco Rubio will ensure grant scrutiny, preventing taxpayer funds from being stuffed into the coffers of the Deep State. And this will ultimately mark a historic shift in America’s role in the world.
END
“Rank Insubordination”: Rubio Says USAID Full Of Rogue Employees
Tuesday, Feb 04, 2025 – 11:40 AM
Secretary of State Marco Rubio slammed the US Agency for International Development (USAID) for what he called “rank insubordination,” and is full of rogue employees who do whatever the hell they want.
“Well, that was always the goal was to reform it, but now we have rank insubordination,” Rubio told Fox News, in comments just one day after President Trump announced that Rubio would serve as the acting head of USAID – which itself came after Elon Musk’s DOGE team descended upon the agency and revealed that “USAID is a ball of worms. There is no apple. And when there is no apple you just need to get rid of the whole thing. That’s why it’s got to go. It’s beyond repair.“
According to Rubio, “Now we have basically an active effort — their basic attitude is, ‘We don’t work for anyone, we work for ourselves, no agency of government can tell us what to do.”
“So the president made me the acting administrator,” he added. “I’ve delegated that power to someone who is there full-time, and we’re going to go through the same process at USAID as we’re going through now at the State Department.”
According to Rubio, USAID has lost its focus and abandoned the “national interest” – telling Fox: “They have basically evolved into an agency that believes that they’re not even a U.S. government agency, that they are out — they’re a global charity, that they take the taxpayer money, and they spend it as a global charity irrespective of whether it is in the national interest or not in the national interest.”
“One of the most common complaints you will get if you go to embassies around the world from State Department officials and ambassadors and the like is USAID is not only not cooperative — they undermine the work that we’re doing in that country, they are supporting programs that upset the host government for whom we’re trying to work with on a broader scale, and so forth,” Rubio added.
On Monday, deep state crusaders Ilhan Omar (D-MN) and Jamie Raskin (D-MD) staged a dramatic protest outside the USAID headquarters, with Omar suggesting that Trump’s move to fold the agency into the State Department was “what the beginning of dictatorship looks like!” – and Raskin suggesting that Elon Musk had “illegally seized power over the financial payment systems of the United States Department of Treasury,” adding “Elon Musk, you didn’t create USAID,” and that Musk “doesn’t have the power to destroy it.”
Watch: Hornet’s Nest Kicked As Raskin, Omar Throw Public Tantrum Over USAID Hostile Takeover
Monday, Feb 03, 2025 – 05:20 PM
Apparently the Trump administration is directly over the target, as Democrats are absolutely freaking out over DOGE’s ‘hostile takeover’ of USAID, which on Monday was folded into the State Department under Marco Rubio.
In a nutshell, USAID has been a deep state slush fund used for unmitigated malarkey around the world, and was essentially a money laundering operation that has funded radical organizations linked to terrorists, censorship operations, EcoHealth Alliance, and a laundry list of other anti-American activities.
In a Monday statement, the State Department acknowledged that USAID “has long strayed from its original mission of responsibly advancing American interests abroad, and it is now abundantly clear that significant portions of USAID funding are not aligned with the core national interests of the United States.”
Cue Freakout
For further confirmation that USAID is nothing but a deep state slush fund, look no further than its defenders. On Monday, Reps. Jamie Raskin (D-MD) and Ilhan Omar (D-MN) staged a protest outside USAID headquarters in Washington DC.
“We talked about Trump wanting to be a dictator on day one, and here we are. This is what the beginning of dictatorship looks like!” screeched Omar. Notably,$2.3 billion of USAID went to Somalia, where she’s from.
“Elon Musk, you may have illegally seized power over the financial payment systems of the United States Department of Treasury, but you don’t control the money of the American people.”
“Elon Musk, you didn’t create USAID,” Raskin continued, adding “He doesn’t have the power to destroy it, and who will stop him? We are!”
Sorry Jamie, USAID was created by JFK at the height of the Cold War by Executive Order, and can be folded into the State Department at Trump’s will.
Again, Trump and Musk are directly over the target.
END
Angry Dem Lawmakers Blocked By Security From Entering USAID Headquarters
Monday, Feb 03, 2025 – 06:15 PM
Update(1815ET): And now apparently Dems have essentially been locked out of the USAID headquarters in Washington, amid efforts to get in and investigate what’s going on, and seeking to meet with top administrators now running the show (or rather, overseeing the dismantling of the agency) in the HQ. The Hill details Monday afternoon:
A group of Senate and House Democrats were blocked from entering the headquarters of the U.S. Agency for International Development (USAID) on Monday.
The Democratic lawmakers, who are opposed to President Trump’s efforts to shut down the agency, left without incident after a brief exchange with security officials. The group, led by Sen. Chris Van Hollen (D-Md.), were told the front office of the administrator of USAID was not available to meet.
A select group of USAID employees with the front office administrator were in the office Monday, an official told lawmakers outside the doors, but were not free to meet with the lawmakers.
One Democratic lawmaker told the publication about being blocked at the entrance that the whole saga is “underwhelming”. However, clearly Trump and Musk are setting off huge alarm bells, and this is likely but the first salvo on Congress’s attempt to intervene.
It’s happening fast after Sunday statements of Elon Musk confirming President Trump “agreed” to shut USAID down… USAID’s headquarters in Washington D.C. has been closed for the day on Monday, with employees receiving an early morning email telling them to remain at home.
Musk says the agency has effectively been shut down. The email, which is now widely circulating on social media postings, was sent from Gavin Kliger via an official usaid.gov. address. He is one among the twenty-somethings assisting Musk in implementing Trump’s order to slash foreign aid and stop waste.
“Logos and photos of its aid work have been stripped from building walls,” CNN writes of the HQ’s sudden closure. This after all web and and social media accounts went dark over the weekend, now with a simplified version of its webpage on the State Department’s website.
“None of this could be done without the full support of the president,” Musk said in a Sunday X Spaces event. “I went over it with him in detail, and he agreed with that we should shut it down. I want to be clear. I actually checked with him a few times. I said, “Are you sure?’ ‘Yes.’ So we’re shutting it down.”
Thousands of staff have told media outlets that they have lost access to their email accounts, which have been deactivated.
A USAID worker has subsequently said: “We have been officially informed that the US Department of State now has access to all of our internal documents and our entire suite of files, documents, everything — all of our systems.” Top officials were fired over the weekend.
Musk says “We spent the weekend feeding USAID into the wood chipper”…
Access to USAID’s Google drive and other sensitive data has reportedly been transferred straight under the State Department. It appears any future foreign aid programs will simply be run out of the State Department, with more executive branch oversight.
One big question that remains is how much noise Congressional leaders will make. Will Congress attempt intervention, also as there are reports that Musk and DOGE have access to the US Treasury’s payment system?
Official Data Confirms Plunge in Births Among Covid-Vaxxed Women
harveyorganblog.com 
