FEB 5//TRUMP SHAKES THE GRASS AS HE PROPOSES TO TAKE OVER THE GAZA STRIP AND RELOCATE THE GAZANS ELSEWHERE: MANY COMMENTARIES ON THAT ISSUE//GOLD CLOSED UP $27.10 TO $2870.30//SILVER CLOSED JUST ABOVE ONE OF ITS MAJOR NUMBERS AT $32.45//PLATINUM CLOSED UP $13.80 TO $986.55//PALLADIUM CLOSED DOWN $1.30 TO $998.90//IMPORTANT GOLD COMMENTARY TODAY FROM CRAIG HEMKE AT SPROTT//ISRAEL VS HAMAS COMMENTARIES//COVID UPDATES/VACCINE INJURY REPORTS//SLAY NEWS ETC//RUSSIA VS UKRAINE//TOP RUSSIAN OFFICIAL ASSASSINATED//USA ECONOMIC NEWS REPORTED ON//TRUMP CONTINUES TO EXPOSE CORRUPTION BY THE DEMOCRATS: A MUST READ//SWAMP STORIES FOR YOU TONIGHT//
this probably isn’t Trump’s end game in the formerly Egyptian territory of GAZA. However it seems that everyone is bending the knew to our new “Pharoah”
GOLD CLOSED UP $2710 TO $2870.30
SILVER CLOSED UP $0.45 TO $32.45
GOLD ACCESS CLOSED 2861.50
Silver ACCESS CLOSED: $32.28
Bitcoin morning price:$98395 DOWN 431 DOLLARS.
Bitcoin: afternoon price: $97,466 down 1360 DOLLARS
Platinum price closing UP $13.80 TO $986.55
Palladium price; down $1.30 TO $998.90
END
*CANADIAN GOLD: $4099.00 UP 24.84 CDN dollars per oz( * NEW ALL TIME HIGH 4099.00 CDN DOLLARS PER OZ//FEB 5 2025)
*BRITISH GOLD: 2288.40 UP 10.98 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,288.40 BRITISH POUNDS/OZ) FEB 5/2025
*EURO GOLD: 2,749,73 UP 13.64Euros per oz //* (ALL TIME CLOSING HIGH: 2,749.73 EUROS PER OZ/FEB 5 //2025)
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072 C GOLDMAN 132 092 C DEUTSCHE BANK 10 104 C MIZUHO 3 118 C MACQUARIE FUT 57 118 H MACQUARIE FUT 95 132 C SG AMERICAS 255 12 190 H BMO CAPITAL 114 323 C HSBC 420 323 H HSBC 52 332 H STANDARD CHARTE 146 363 C WELLS FARGO SEC 23 363 H WELLS FARGO SEC 53 435 H SCOTIA CAPITAL 169 555 C BNP PARIBAS SEC 69 624 C BOFA SECURITIES 20 624 H BOFA SECURITIES 255 657 C MORGAN STANLEY 237 657 H MORGAN STANLEY 1166 661 C JP MORGAN 474 804 686 C STONEX FINANCIA 21 17 690 C ABN AMRO 21 1 709 C BARCLAYS 182 709 H BARCLAYS 99 730 C PTG DIVISION SG 5 732 C RBC CAP MARKETS 2 235 737 C ADVANTAGE 4 2 880 C CITIGROUP 333 42 905 C ADM 2 2
TOTAL: 2,767 2,767 MONTH TO DATE: 47,739
JPMorgan stopped (received) 804/2767 contracts
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 2767 NOTICES FOR 276,700 OZ 8.606 TONNES
total notices so far: 47,739 contracts for 4,773,900 Oz (148.49 tonnes)
FOR FEB.
SILVER NOTICES: 228 NOTICE(S) FILED FOR 1,140,000 OZ/
total number of notices filed so far this month : 2403 for 12.015 million oz
XXXXXXXXXXXXXXXXXX
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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 $27.10 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD./
INVENTORY RESTS AT 863.05 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.45 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 3.285 MILLION OZ OUT OF THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 442.773 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A MEGA MEGA HUGE SIZED4253CONTRACTS TO 170,726, AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE GAIN OF $0,81 IN SILVER PRICING AT THE COMEX WITH RESPECT TO TUESDAY’S TRADING. WE HAD A HUMONGOUS GAIN OF 5793 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE//TUESDAY’S TRADING.. WE HAD LITTLE LIQUIDATION OF T.A.S. CONTRACTS ON TUESDAY 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). THEY FAILED MISERABLY TODAY WITH SILVER’S HUGE RISE. WE HAD LITTLE T.A.S. LIQUIDATION TUESDAY COUPLED WITH ANOTHER NEW HUGE T.A.S. ISSUANCE OF 1000 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 55 CENTS
WE HAD A HUMONGOUS 1540 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE 1000 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A MEGA HUMONGOUS SIZED 5793 CONTRACTS ON OUR TWO EXCHANGES WITH OUR HUGE GAIN IN PRICE. WE HAD LITTLE TAS LIQUIDATION THROUGHOUT TUESDAY’S COMEX SESSION
PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR INITIATE A RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN WITH MONDAY’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 TUESDAY NIGHT/WEDNESDAY MORNING: A HUGE 1000 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 $0.81 AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A MEGA HUMONGOUS GAIN IN OUR TWO EXCHANGES OF 5793 CONTRACTS
WE HAD A HUMONGOUS 1540 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 636 CONTRACT QUEUE JUMP FOR 3.180 MILLION OZ
// STANDING FOR SILVER//FEB ADVANCES TO 15.595 MILLION OZ
WE HAD:
/ MEGA HUGE SIZED COMEX OI GAIN +// A HUMONGOUS SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1000 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: removed 64 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 3 DAYS, total 2666 contracts: OR 13.330 MILLION OZ (888 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 13.330 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. 13.33 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE
RESULT: WE HAD A MEGA HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4253 CONTRACTS WITH OUR HUGE GAIN IN PRICE OF SILVER PRICING AT THE COMEX/TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 1540 ISSUED FOR MARCH AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS. WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC OF 10.105 MILLION OZ ON FIRST DAY NOTICE,FOLLOWED BY TODAY’S MASSIVE 3.180 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 15.595 MILLION OZ
//NEW TOTAL STANDING FOR FEB INITIAL AT 10.105 MILLION OZ FOLLOWED BY TODAY;S 3.180 MILLION OZ QUEUE JUMP//NEW TOTAL 15.595 MILLION OZ.
WE HAVE 1). A MEGA HUMONGOUS SIZED GAIN OF 5793 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE 1000, CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//LITTLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE TUESDAY COMEX SESSION ALONG WITH ZERO MONTH END SPREADERS. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON TUESDAY WITH THE GAIN IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE TUESDAY NIGHT (1000) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 228 NOTICE(S) FILED TODAY FOR 1.14 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 FAIR SIZED 1677 OI CONTRACTS TO 542,004 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.)
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A STRONG SIZED 2092 CONTRACTS//
WE HAD A FAIR SIZED DECREASE IN COMEX OI (1677 CONTRACTS) OCCURRED DESPITE OUR HUGE GAIN OF $25.00 IN PRICE TUESDAY. 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 351 CONTRACT QUEUE JUMP//35100 OZ (1.091 TONNES)
/NEW STANDING ADVANCES TO 189.480 TONNES + 0.3114 TONNES EXCHANGE FOR RISK/PRIOR + TODAY;S 1.555 TONNES = 191.346 TONNES.
/ ALL OF THIS HAPPENED WITH OUR HUGE $25.00 GAIN IN PRICE WITH RESPECT TO TUESDAY’S COMEX ///. WE HAD A FAIR SIZED GAIN OF 1824 OI CONTRACTS (5.829 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. CENTRAL BANKERS ARE NOW WAITING PATIENTLY FOR THEIR DELIVERY OF GOLD VIA SLOW MOVING SHIPS.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 3551 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 542,004
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1874 CONTRACTS WITH 1677 CONTRACTS DECREASED AT THE COMEX// AND A HUGE SIZED 3551 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 1874 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 958 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3551 CONTRACTS) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 1677 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 1874 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 351 CONTRACT QUEUE JUMP FOR 35100 OZ (1.09 TONNES). AND THEN WE ADD OUR TWO EXCHANGE FOR RISK TOTALS OF 1.866 TONNES//NEW TOTAL OF GOLD STANDING AT THE COMEX ADVANCES TO 191.346 TONNES
.
NEW STANDING FOR FEB ADVANCES TO:
189.480 TONNES NORMAL DELIVERY (INCLUDING TODAY’S 1.091 TONNES QUEUE TUMP + .3114 TONNES OF EXCHANGE FOR RISK/PRIOR + 1.55 TONNES EX FOR RISK TOTAL = 191.346 TONNES
//NEW STANDING FEB: 191.346 TONNES WHICH IS THE HIGHEST EVER GOLD STANDING FOR A FEBRUARY DELIVERY MONTH. AND FOR ANY COMEX MONTH.
/ 3) LITTLE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE TUESDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $25.00 PRICE GAIN , WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A GAIN OF 1874 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY 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) SMALL SIZED COMEX OPEN INTEREST INCREASE 5) HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 958 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: 12,088 CONTRACTS OF 1,208,800 OZ OR 37.60 TONNES IN 3 TRADING DAY(S) AND THUS AVERAGING: 4029 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAY(S) IN TONNES 37.60 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 37.60 DIVIDED BY 3550 x 100% TONNES = 1.059% 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: 37.60 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 ROSE BY A HUGE SIZED 4253 CONTRACTS OI TO 170,790 AND CLOSER TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 1540 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 1540 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1540 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 4253 CONTRACTS AND ADD TO THE 1540 E.FP. ISSUED
WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 5793 CONTRACTS
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS A HUGE 28.965 MILLION OZ OCCURRED DESPITE OUR $0.81 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 WEDNESDAY MORNING TUESDAY NIGHT
SHANGHAI CLOSED DOWN 21.11 PTS OR 0.65%
//Hang Seng CLOSED DOWN 192.87 PTS OR .93%
// Nikkei CLOSED UP 33.51 OR 0.09%//Australia’s all ordinaries CLOSED UP 0.58%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2728 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2776// Oil UP TO 71.77 dollars per barrel for WTI and BRENT UP AT 75.29 Stocks in Europe OPENED MOSTLY ALL MIXED
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED1677 CONTRACTS TO 542,004 DESPITE OUR HUGE GAIN IN PRICE OF $25.00 WITH RESPECT TO TUESDAY’S TRADING. WE LOST ZERO NET LONGS WITH OUR PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3551) . THE CME ANNOUNCED TUESDAY NIGHT, MUCH TO MY REGRET FOR THE SECOND TIME THIS MONTH 500 EXCHANGE FOR RISK CONTRACTS FOR 50,000 OZ. OR 1.555 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: TWO. THE RECIPIENT 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 SIZED GAIN ON OUR TWO EXCHANGES OF 1874 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON TUESDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED 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.DELIVERY OF GOLD CONTRACTS ARE NOW TAKING WEEKS. NO DEFAULT HAS BEEN INITIATED AS DEALERS ARE AFRAID OF LOSS OF THEIR JOBS. SO THIS FRAUD CONTINUES.
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 958 CONTRACT ANNOUNCEMENT (TUESDAY NIGHT/WEDNESDAY 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 + ???? BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD IS SUPPOSED 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 STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONGSIZED 3551 EFP CONTRACTS WERE ISSUED: : /FEB 3551 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3551 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 1874 CONTRACTS IN THAT 3551 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR SIZED LOSS OF 1677 COMEX CONTRACTS..AND THIS GOOD SIZED GAIN ON OUR TWO EXCHANGES HAPPENED DESPITE OUR HUGE GAIN IN PRICE OF $25.00 TUESDAY// COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED ABOVE. THE LOW GAIN 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 TUESDAY NIGHT/WEDNESDAY MORNING WAS A STRONG SIZED SIZED 958 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 (191.346 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: 189.480 TONNES OF GOLD + .3114 TONNES OF EX. FOR RISK /PRIOR + 1.55 TONNES EX FOR RISK TODAY =//NEW TOTAL STANDING 191.346 TONNES
COMEX GOLD TRADING/FEB CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $25.00)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A GOOD SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION TUESDAY AS THEY WERE TRYING TO QUELL GOLD’S RISE AND HUGE COMEX/OTC DERIVATIVE LOSSES. 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 BUT 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 TRIED TO CONTAIN GOLD’S PRICE FROM ATTAINING THE 2800 DOLLAR LEVEL AND THEY FAILED. THEIR DERIVATIVE LOSSES CONTINUE TO MOUNT EACH AND EVERY DAY!@!
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL TUESDAY EVENING WEDNESDAY MORNING AND THUS OUR RECORD NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS AWAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING MONTHS TO DELIVER.
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!!
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 FOR FEBRUARY:
THE CME ANNOUNCED TO THE WORLD THAT ON FEB 4 THEY ISSUED 100 CONTRACTS OF EXCHANGE FOR RISK TO THE BANK OF ENGLAND.THEN LAST NIGHT THEY ISSUED THEIR SECOND CONSECUTIVE EXCHANGE FOR RISK OF 500 CONTRACTS FOR 50,000 OZ (1.555 TONNES OF GOLD. THE BANK OF ENGLAND WANTS THEIR GOLD BACK. THIS NEW EX FOR RISK REPRESENTS 50,000 OZ OR 1.55 TONNES OF GOLD WHICH WILL BE ADDED TO YESTERDAY’S .3114 TONNES//NEW TOTAL EXCHANGE FOR RISK = 1.8664 TONNES. THIS TOTAL WILL NOW BE ADDED TO OUR REGULAT DELIVERIES.
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 GAINED A GOOD TOTAL OF 12.428 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 351 CONTRACT QUEUE JUMP FOR 35,100 OZ. NEW STANDING ADVANCES TO 189.480 TONNES OF GOLD. TO WHICH WE ADD OUR 1.8664TONNES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 191.346 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR HUGE GAIN IN PRICE TO THE TUNE OF $25.00
WE HAD 2092 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL
NET GAIN ON THE TWO EXCHANGES 1874 CONTRACTS OR 187400 OZ (5.829TONNES)
i)Into ASAHI customer acct 32,020.106 oz (996 kilobars)
ii)into Brinks 99,241.743 oz iv) Into JPMorgan 2089.815 oz (65 kilobars)
total customer weight: 133,351.664 oz 4.147 tonnes
total weight dealer and customer;: 4.147 tonnes
No of oz served (contracts) today
2767 notice(s) 276,700 OZ 8.606 TONNES
No of oz to be served (notices)
13,179 contracts 1,317,900 OZ 40.992 TONNES
Total monthly oz gold served (contracts) so far this month
47,739 notices 4,773,900 oz 148.49 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
x
dealer deposits: 0
nil
we have 3 customer deposits
i)Into ASAHI customer acct 32,020.106 oz (996 kilobars)
ii)into Brinks 99,241.743 oz iv) Into JPMorgan 2089.815 oz (65 kilobars)
total customer weight: 133,351.664 oz 4.147 tonnes
total weight dealer and customer;: 4.147 tonnes
withdrawals: 0
adjustments:3/customer to dealer
i) out of Asahi 32,462.03 oz
ii) Out of Brinks 401,621.208 oz
iii) out of Manfra: 9645.300 oz
total customer to dealer 443,778.538 oz 13.80 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 15,946 contracts having LOST 3972 contracts. We had 4323 contracts delivered upon Tuesday so strangely we gained another massive 351 contract queue jump for 35,100 oz (1.091 tonnes). There is no use looking for gold in London as they are out of metal.
MARCH HAD A GAIN OF 444 CONTRACTS UP TO 12,022
APRIL HAD A GAIN OF 1477 CONTRACTS UP TO 407,732 CONTRACTS
We had 2767 contracts filed for today representing 276,700 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 474 notices issued from their client or customer account. The total of all issuance by all participants equate to 2767 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 804 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 (47,739x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(15,946 CONTRACTS) minus the number of notices served upon today (2767 x 100 oz per contract) equals 6,091,800 OZ OR 189.48 TONNES to which we must add our NEW 500 contract exchange for risk for 1.55 tonnes and then add yesterday’s .3114 tonnes ex for risk//new standing; 189.480 tonnes + 1.866 tonnes ex for risk = 191.346 tonnes
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (47,739 x 100 oz +we add the difference for front month of FEB ( 15,946 OI} minus the number of notices served upon today (2767 x 100 oz) which equals 6,091,800 oz (189.480 TONNES + .3114 tonnes ex for risk/prior + 1.55 tonnes ex for risk today = 191.346 tonnes
TOTAL COMEX GOLD STANDING FOR FEB.: 191.346 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: 2,181,990.943 oz 67.869 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 33,381,503.785 oz
TOTAL REGISTERED GOLD 15,975,798.474 or 496.914 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 17,405,705.311 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 13,793,808 oz (REG GOLD- PLEDGED GOLD)= 429.04 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 5
INITIAL
// THE FEB 2025 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
i) Out of Delaware 994.197 oz
Deposits to the Dealer Inventory
nil
Deposits to the Customer Inventory
3 entries
i) Into CNT 170,408.749 oz ii) Into Delaware: 1020.400 oz iii) Into Loomis: 584,325.950 oz
total deposit: 755,755.099 oz
No of oz served today (contracts)
228 CONTRACT(S) (1,140,000 OZ)
No of oz to be served (notices)
716 contracts (3.580 MILLION oz)
Total monthly oz silver served (contracts)
2403 Contracts (12.015 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/
nil
total dealer deposits; nil
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:3//customer acct
i) Into CNT 170,408.749 oz ii) Into Delaware: 1020.400 oz iii) Into Loomis: 584,325.950 oz
total deposit: 755,755.099 oz
withdrawals 1
i) Out of Delaware 994.197 oz
total withdrawal 994.197 oz
ADJUSTMENTs 2
a) out of Asahi 595,926.800 oz
ii) out of CNT 545,871.473 oz
JPMorgan has a total silver weight: 146,054million oz/359.361million or 40.66%
TOTAL REGISTERED SILVER: 87,552 MILLION OZ//.TOTAL REG + ELIGIBLE. 359.361 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2024 OI: 944 OPEN INTEREST CONTRACTS FOR A GAIN OF 256 CONTRACTS.
WE HAD 380 NOTICES FILED ON TUESDAY SO WE GAINED A MASSIVE 367 CONTRACTS OR A HUMONGOUS QUEUE JUMP OF 3.180 MILLION OZ.
MARCH SAW A GAIN OF 2734 CONTRACTS UP TO 121,368. 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 36 CONTRACTS TO STAND AT 152
MAY SAW A GAIN OF 722 CONTRACTS UP TO 31,197 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 228 for 1.14 MILLION oz
CONFIRMED volume; ON TUESDAY 71,880 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 2403x 5,000 oz = 12.015 MILLION oz
to which we add the difference between the open interest for the front month of FEB (944) and the number of notices served upon today (228)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 2403 Notices served so far) x 5000 oz + OI for the front month of FEB(944)minus number of notices served upon today (228)x 5000 oz equals silver standing for the FEB contract month equating to 15,595 MILLION OZ.
New total standing: 15.595 million oz which is huge for a non active delivery month of February
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 5 WITH GOLD UP $27.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 863.05 TONNES
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: 863.05 TONNES, TONIGHTS TOTAL
SILVER
FEB 5 WITH SILVER UP $0.45 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 3.285 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 442.773 MILLION OZ
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 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 442.773 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
END
2/ Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ALASDAIR MACLEOD….
3. CHRIS POWELL AND GATA DISPATCHES
Craig Hemke is totally correct: pay no attention to others who claim that massive amounts of gold went into the comex
(CraigHemke)
Craig Hemke: The second London gold pool is breaking down, just as the first one did
Submitted by admin on Mon, 2025-02-03 20:05 Section: Daily Dispatches
8:04p ET Monday, February 3, 2024
Dear Friend of GATA and Gold:
Writing tonight at Sprott Money, the TF Metals Report’s Craig Hemke says he doesn’t believe that the turmoil in the London gold market has much to do with the threat of U.S. tariffs against Canada, Mexico, and China. Rather, Hemke writes, it’s more likely that the second iteration of the London Gold Pool is running out of gold, just as the first iteration did.
Hemke’s analysis is headlined “On Tariffs and Gold Prices” and it’s posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
end
Kevin Bambrough: The silver squeeze, market manipulation, and the coming storm
Submitted by admin on Mon, 2025-02-03 20:22 Section: Daily Dispatches
8:23p ET Monday, February 3, 2024
Dear Friend of GATA and Gold:
Retired Sprott executive Kevin Bambrough yesterday recounted how bullion banks long have made a habit of selling metal they don’t really possess.
His story begins:
“During my tenure at Sprott (2002-2013), we had accumulated a significant position in silver in the 2005-2007 period. This was done via top-tier bullion bank certificates that promised five-day delivery. These weren’t small positions. We’re talking about substantial tonnage that was supposedly safely stored and readily available.
What unfolded next exposed a troubling reality about the paper silver market and, I believe, led to the huge run in silver that followed as it ultimately ran to its all-time high in nominal terms. …”
Bambrough’s essay is headlined “The Silver Squeeze: Market Manipulation and the Coming Storm” and it’s posted at X here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
END
Gold delayed at Bank of England sells at discount to market price
Submitted by admin on Wed, 2025-02-05 14:24 Section: Daily Dispatches
Gold Dealers Sell Bank of England Bullion at Big Discounts in Tariff Turmoil
Yvonne Yue Li, Jack Ryan, Jack Farchy, and Sybilla Gross Bloomberg News via Yahoo News, Sunnyvale, California Wednesday, February 5, 2025
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that’s resulting in weeks-long queues to withdraw metal.
Dealers are quoting prices for gold at the Bank of England at discounts of more than $5 an ounce below spot in London, according to people with direct knowledge of the situation.
The size of the divergence is extremely unusual, with gold at the bank usually trading in lockstep with prices in the rest of the London market, where bullion changes hands in vaults a few minutes’ drive away run by JPMorgan Chase & Co., HSBC Holdings, and others. Previous premiums and discounts — driven by central bank trading activity — have generally been no more than a few tens of cents per ounce, traders said.
The disconnect comes as traders worldwide rush to get gold to the United States ahead of the potential imposition of tariffs and to capture premium prices. U.S. President Donald Trump hasn’t targeted precious metals specifically as he ratchets up his trade war, but dealers are worried they could be included in blanket tariffs he has threatened.
With traders racing against the clock, staff at the Bank of England are struggling to keep up, and growing queues are making the gold in its vault less attractive than bullion held in more accessible commercial vaults around London. …
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Tue, 2025-02-04 22:44 Section: Daily Dispatches
10:45p ET Tuesday, February 4, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
And some countries — those associated with the BRICs group — are even thinking about creating an international currency with which they can avoid the U.S. government and the dollar and protect their sovereignty against U.S. economic sanctions.
Shorting gold through derivatives is no longer a sure mechanism for profit. To the contrary, the practice now threatens to blow up the governments, central banks, and associated banks still using it.
Documenting, litigating against, and complaining about monetary metals price suppression for 25 years, GATA has alerted investors, governments, mining companies, and news organizations around the world. No one in the monetary metals sector denies metals price suppression any longer; most people in the sector take it for granted even as most remain too scared to discuss it lest they risk getting in trouble with their governments and banks.
The U.S. Treasury Department, its Exchange Stabilization Fund, the Federal Reserve Board, and the Bank for International Settlements have turned out not to be “conspiracy theories” but actual conspiracies in operation. If you don’t believe us, try attending their meetings. There are reasons they won’t let you in — reasons defining “conspiracy.”
But the struggle against monetary metals price suppression has not yet been won, and we need your help.
GATA is still the only organization in the world devoted to waging the struggle for free and transparent monetary metals markets, which is a struggle for limited and accountable government generally.
Advancing this cause takes resources. It doesn’t happen on its own.
But if you help GATA today, we have something special for you.
Our friends at Money Metals Exchange in Eagle, Idaho, support our struggle so much that they have minted a beautiful 1-ounce silver round honoring GATA — and they want you to have at least one.
On the front of the round is an engraving copied from the GATA painting by Alain Despert, depicting GATA as a modern-day Don Quixote leading a march of gold and silver advocates on the U.S. Treasury Department building in Washington:
The back of the round shows the torch of liberty breaking the chains of price suppression and recognizing gold and silver as the crucial defenders of liberty:
You can purchase the GATA commemorative silver round from Money Metals Exchange for around $34 here:
But if you’d like to help GATA directly, each donation of $250 to GATA will entitle the donor to one of these silver rounds, which GATA will arrange to have shipped to the donor from Money Metals Exchange, which is now the operator of the largest precious metals depository in the United States west of New York, a depository larger than even Fort Knox.
Your gift today will propel GATA’s important work, and we’ll be very grateful for it.
We just need to remind donors that the metal value of each of the rounds they receive as thanks for their donation must be subtracted from federal tax-deductibility of their contribution to GATA. For example, with the silver round priced at $34, a $250 donation made to GATA would be federally tax-deductible for $216.
Of course these silver rounds are likely to increase in value along with the silver price in the years ahead — another reason to consider supporting GATA this way.
So please consider making a donation to GATA right now — today — especially now that this special 25th anniversary GATA silver round is available to memorialize it.
To donate, please mail a check payable to GATA to:
Gold Anti-Trust Action Committee Inc. c/o Chris Powell, Secretary/Treasurer 7 Villa Louisa Road Manchester, Conn. 06043-7541 USA
U.S. gold rush drives up borrowing costs for precious metal in London
NOT TRUE!!
there is no gold at comex!!
“There is more gold in the U.S. than there should be under normal circumstances, and there is less gold in London than there should be,” said John Reade, chief market strategist at the WGC. “That is causing disruption to the gold market, and has increased the cost of borrowing gold.” …
Submitted by admin on Wed, 2025-02-05 08:48 Section: Daily Dispatches
By Leslie Hook Financial Times, London Wednesday, February 5, 2025
The cost of short-term gold borrowing in London has shot up as the shortage in the bullion world’s trading capital has starved the market of the precious metal.
A gold rush into the United States — where inventories on the New York Comex have risen 88% since November’s election — has drained the market in London, as traders try to get ahead of potential tariffs threatened by President Donald Trump. Users report bottlenecks of several weeks to withdraw gold from the vaults at the Bank of England.
The rate to lend gold for a week has risen to about 10% on an annualised basis this year, compared with 2-3% previously, according to the World Gold Council, an industry body.
“There is more gold in the U.S. than there should be under normal circumstances, and there is less gold in London than there should be,” said John Reade, chief market strategist at the WGC. “That is causing disruption to the gold market, and has increased the cost of borrowing gold.” …
Stuart Englert: Is America really entering a golden age?
Submitted by admin on Wed, 2025-02-05 11:22 Section: Daily Dispatches
By Stuart Englert Wednesday, February 5, 2025
References to the coming “golden age” keep popping up in presidential speeches and political posts, prompting some gold enthusiasts to wonder whether the mentions are symbolically meaningful or figurative hyperbole.
“This will truly be the golden age of America,” President Donald Trump declared during his Election Night victory celebration in West Palm Beach, Fla., on Nov. 5.
“The golden age of America begins right now,” Trump stated in the opening of his inaugural address on Jan. 20 in Washington, D.C.
“This truly will be the golden age of America,” Trump posted on his presidential X account the same day. …
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//Diamonds
De Beers CEO Signals US Diamond Recovery, Criticizes China’s Fake Stones Grown “In Microwaves”
by Tyler Durden
Wednesday, Feb 05, 2025 – 06:55 AM
De Beers Chief Executive Officer Al Cook spoke with Bloomberg Television on Tuesday at the Mining Indaba conference in Cape Town, South Africa, highlighting early signs of a recovery in the US diamond market. The industry has faced significant pressure from cash-strapped consumers, while a surge in lab-grown diamonds from China has sent prices tumbling.
“So we saw some good signs in demand just before Christmas. In November and December, we saw demand for diamond jewelry in the US up around 8% year on year. So, there are some encouraging signals. Demand in the US has been reduced by lab-grown diamonds,” Cook said.
He explained, “We have to tell the story of natural diamonds far better than we have. Lab-grown diamonds are like taking a poster of the Mona Lisa and putting it up in an art gallery and telling people it’s the real thing. It’s not – a natural diamond is created over a billion years, while lab-grown diamonds are created in a microwave in China in three weeks.”
Separately, Bloomberg noted:
Anglo American Plc CEO Duncan Wanblad said on Monday that the mining giant won’t let its struggling De Beers diamond business be a drag on its restructuring. Wanblad said the company intended to exit De Beers by the end of this year, but given the state of the market that could spill over into 2026.
The diamond industry has been hammered by a twin crisis: cash-strapped consumers amid a luxury downturn and the proliferation of lab-grown diamonds flooding the world by China.
Cook pointed out in the interview that India has overtaken China to become the second-biggest market. He commented: “But we see growth, the regrowth of Chinese demand being a longer-term story,” adding, “The good news is that India has taken over where China was.”
According to Bloomberg data, citing the Diamond Standard Index, diamond prices have plunged to the lowest on record, with data going back to early 2002.
Diamond deflation.
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING WEDNESDAY MORNING TUESDAY NIGHT
SHANGHAI CLOSED DOWN 21.11 PTS OR 0.65%
//Hang Seng CLOSED DOWN 192.87 PTS OR .93%
// Nikkei CLOSED UP 33.51 OR 0.09%//Australia’s all ordinaries CLOSED UP 0.58%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2728 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2776// Oil UP TO 71.77 dollars per barrel for WTI and BRENT UP AT 75.29 Stocks in Europe OPENED MOSTLY ALL MIXED
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /WEDNESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.2728
OFFSHORE YUAN: UP TO 7.2776
SHANGHAI CLOSED CLOSED DOWN 21.11 PTS OR 0.65%
HANG SENG CLOSED CLOSED DOWN 192.87 PTS OR .93%
2. Nikkei closed UP 33.51 OR 0.09%
3. Europe stocks SO FAR: ALL MOSTLY MIXED
USA dollar INDEX DOWN TO 107.35 EURO RISES TO 1.0417 UP 45 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.280 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 152.91…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP// CHINESE ONSHORE YUAN: 7.2727 OFFSHORE: DOWN 7.2776 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 UP for WTI and UP 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 +2.3495 Italian 10 Yr bond yield DOWN to 3.434 //SPAIN 10 YR BOND YIELD DOWN TO 3.019
3i Greek 10 year bond yield UP TO 3.2000
3j Gold at $2869.65 /Silver at: 32.37 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 3 AND 25/100 roubles/dollar; ROUBLE AT 97.45
3m oil into the 75 dollar handle for WTI and 71 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 152.91 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.280% 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 0.9018 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9385 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: 4.460 DOWN 5 BASIS PTS…
USA 30 YR BOND YIELD: 4.705. DOWN 5 BASIS PTS/
USA 2 YR BOND YIELD: 4.193 DOWN 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 35.93…
10 YR UK BOND YIELD: 4.500 DOWN 9 PTS
10 YR CANADA BOND YIELD: 2.986 DOWN 3 BASIS PTS
5 YR CANADA BOND YIELD: 2.657 DOWN 3 PTS.
2a New York OPENING REPORT
Futures Fall As Google, AMD Tumble; Dollar Slide Continues
Wednesday, Feb 05, 2025 – 08:17 AM
US equity futures slumped, dragged by tech following disappointing earnings from two tech giants (AMD, GOOG) and concerns that an escalation of the Trade War 2.0 will lead to negative revenue impacts for MegaCap Tech (AAPL, Mag7). Further, USPS suspends mail deliveries from China/HK as small parcels that were previously exempt from tariffs are coming under the new Executive Order; impacts about 4mm parcels per day (AMZN; Shein; Temu). As of 8:00am ET, S&P futures were down 0.4%, suggesting Wall Street’s rebound may be short-lived, while Nasdaq 100 futures dropped 0.8% as Google parent Alphabet and AMD plunged in US pre-market trading after disappointing results, and dragged the entire Mag7 lower (GOOGL -7%, AMZN -1%, AAPL -2%, MSFT -0.3%, META -0.4%, NVDA +0.4% and TSLA -1%). Bond yields slide again, dropping 6bps to 4.46%, and down some 14bps from Tuesday’s highs as rates react to the negative growth impact rather than the expected inflationary impact. The USD is weaker again and commodities mixed as goal soars to a new record high approaching $2900 while energy is sold, and Ags particularly Softs move higher. Today’s macro data focus is on ADP, Mtge Apps, and ISM-Srvcs though the Trade Balance details may pique the Market’s interest. US companies reporting results on Wednesday include Uber, Disney, Ford and Qualcomm.
In premarket trading, Alphabet plunged 7% after slower growth in its cloud business contributed to lower-than-expected revenue in the fourth quarter. Advanced Micro Devices tumbled 9% after giving a disappointing outlook for its data center business, an area where it’s struggling to catch up with AI computing leader Nvidia Corp. Apple dropped in premarket trading after China’s antitrust watchdog signaled a probe into the company’s policies. The poor tech results and news hit the broader Mag7 group (GOOGL -7%, AMZN -1%, AAPL -2%, MSFT -0.3%, META -0.4%, NVDA +0.4% and TSLA -1%). Here are the other notable premarket movers:
Broadcom (AVGO) gains 3% after a higher-than-expected capital spending forecast from customer Alphabet, which accounts for 9% of the firm’s sales, according to Bloomberg supply chain data
Chipotle Mexican Grill (CMG) drops 4% after sales rose less than expected, highlighting the high bar the company set by defying an industrywide traffic slowdown in recent years
Cirrus Logic (CRUS) rises 8% after the company forecast a 4Q revenue range with a midpoint above what analysts expected
Electronic Arts (EA) gains 2% after the video-game maker reported third-quarter earnings and provided further context on the underperformance of EA Sports FC
FMC (FMC) slumps 22% after the agricultural sciences company’s 2025 outlook fell short of expectations
Harley-Davidson (HOG) slips 2% after 4Q revenue disappointed
Johnson Controls (JCI) rises 8% after boosting its adjusted earnings per share forecast for the full year
Lumen Technologies (LUMN) rises 10% after the telecommunications firm reported 4Q profit and revenue that beat estimates
Match Group (MTCH) falls 8% after the dating service provider forecast revenue for the first quarter below the average analyst estimate and announced a change in CEO
Mattel (MAT) surges 14% after the toymaker reported better-than-expected 4Q results and FY25 EPS guidance above analyst estimates
Mercury Systems (MRCY) jumps 19% after the company reported adjusted earnings per share for the second quarter that beat expectations among analysts, who on average expected a loss
Mondelez (MDLZ) drops 4% after the Oreo cookies-maker issued annual forecasts for organic revenue growth and profit that trailed Wall Street expectations
Oscar Health Inc. (OSCR) sinks 11% after the insurance firm provided a disappointing 2025 revenue forecast and posted a wider-than-expected loss in the 4Q
PDD Holdings (PDD) ADRs drop 6% after the US Postal Service said it’s temporarily suspending inbound parcels from China and Hong Kong, sparking concerns that e-commerce shipments from retailers like Shein or PDD’s Temu will be affected
Among other Chinese e-commerce companies: Alibaba (BABA) -2%, JD.com (JD) -2%
Uber Technologies (UBER) drops 7% after reporting weaker-than-expected fourth-quarter earnings and operating income, overshadowing steady bookings growth
Walt Disney Co. (DIS) rises about 1% after reporting fiscal first-quarter results that topped analysts’ estimates, fueled by the blockbuster film Moana 2 and higher income from its streaming services
While the first volleys in the latest US-China trade war made clear that Xi Jinping would take a more cautious approach than during Donald Trump’s first term, tariff risks remain at the forefront.
“It remains tough for anyone to have a particularly high degree of conviction when operating in such an uncertain environment,” said Michael Brown, senior research strategist at Pepperstone Group Ltd. “I still favor adopting a more cautious stance in the short run, as uncertainty remains elevated, and participants chew through this week’s remaining risk events, including earnings from Amazon, and Friday’s US jobs report.”
Meanwhile, disappointing results from Alphabet and AMD also heightened unease about the outlook for megacap tech companies that have driven the S&P 500’s gains. Alphabet posted fourth-quarter revenue that missed analysts’ expectations after growth in its cloud business slowed, raising concern from investors about the billions the company is spending on artificial intelligence. Chip maker AMD gave a disappointing outlook for its data center business, an area where it’s struggling to catch up with AI computing leader Nvidia Corp. Amazon.com is scheduled to report on Thursday.
“Those expectations that analysts have placed, the bar is a lot higher this time,” said Aneeka Gupta, director of macro-economic research at Wisdomtree UK Ltd. “There is a greater probability that they don’t meet that higher bar. If they disappoint, the ramifications are a lot bigger.”
The breakneck speed of news continue: besides Trump’s trade war, companies reporting results on Wednesday include Uber, Disney, Ford Motor and Qualcomm. Traders will also look to the US ISM services data later today for more clues on the Federal Reserve’s rate path. Activity in the services sector likely grew more slowly in January amid winter storms across much of the country and wildfires on the West Coast. High-frequency payroll data suggest hiring activity was relatively steady on a seasonally adjusted basis, according to Bloomberg Economics.
The Stoxx Europe 600 fluctuated, down 0.1% at last check, with declines for technology shares offsetting gains in health care after upbeat guidance from the region’s biggest listed company, Novo Nordisk A/S. Among individual movers in Europe, Spanish lender Banco Santander SA surged after reporting record profit and announcing at €10 billion buyback. Drugmaker GSK Plc. jumped after boosting its sales forecast. Renault SA declined after a report that Nissan Motor, in which it has a 36% stake, will withdraw from its deal with Honda Motor Co. Ltd. to integrate their businesses. Here are the biggest movers Wednesday:
Novo Nordisk shares rise as much as 6.3% after the Danish drugmaker reported better-than-expected sales for the fourth quarter and provided guidance for 2025 which was also ahead of market expectations
Santander shares advanced as much as 8.7% to the highest since February 2018 after the Spanish lender reported record earnings and offered a strong outlook for this year
TotalEnergies shares gain as much as 1.9% to highest since Nov. 19 after France-based energy company reported fourth-quarter net income that beat the average analyst estimate and as it maintains the pace of share buybacks
Vestas fluctuated between gains and losses in early trading as investors weighed the wind-turbine maker’s guidance, seen as conservative, against a welcome €100m stock buyback and reinstated dividends
Credit Agricole shares advanced as much as 2.2% to the highest since June after the French lender reported net income for the fourth quarter that beat estimates driven by strength in asset management and insurance
Bechtle shares rise as much as 6.9% to trade at the highest since mid-November, as preliminary results from the German retailer of computers and office supplies showed a beat on profits
GSK shares rise as much as 6.7%, the most in almost four months, after the pharmaceutical giant’s results and outlook came in above consensus expectations, while its 2031 sales target was also raised
LVMH drops as much as 1.2% after the shares are downgraded to hold from buy at Stifel. Its analysts say there is little upside for the luxury goods stock following a recent rally and lack of earnings upgrades
Husqvarna shares drop as much as 7.3% and are headed for their lowest close since 2020 after the Swedish lawn-care and outdoor-equipment manufacturer’s fourth-quarter results
Pandora shares fall as much as 4.1% after the Danish jewelry maker’s organic revenue growth forecast for 2025 fell short of estimates. The softer outlook could trigger earnings revisions, RBC says
Earlier in the session, Asian equities advanced as tech shares tracked their US peers higher, offsetting Chinese stock declines due to heightened trade tensions after the onshore market reopened post-holiday. The MSCI Asia Pacific Index rose as much as 1% before trimming gains, with tech-heavy markets such as Taiwan and South Korea helping to lead gains in the region. Japanese stocks reversed midday losses, as Toyota Motor gained after raising its annual operating profit outlook. Honda Motor surged and Nissan Motor slumped after the Nikkei reported that the two competitors failed to reach a consensus on a combination. Onshore Chinese equities traded lower after the Lunar New Year holidays, as sentiment was hit by fresh headlines on Sino-US relations, including a report that the US Postal Service is temporarily suspending inbound parcels from China and Hong Kong. A gauge of Chinese shares listed in Hong Kong fell more than 1%.
In FX, the Bloomberg Dollar Spot Index drops 0.3% to its lowest since Jan. 27, extending yesterday’s losses after US job openings fell in December by more than forecast to a three-month low. The move reflects unwinds of longs built on tariff risks and meets spillover of yen strength. USD/JPY drops 1.1% to 152.65, its lowest since Dec. 13; one-week risk reversals are little changed at 140bps, puts over calls. Japan nominal wages rose 4.8% in December from a year earlier, the largest jump since 1997; real wages also grew for a second straight month in December, even as economists expected a drop amid accelerating inflation. The yen also rallied after Economic Revitalization Minister Ryosei Akazawa said the nation is in an inflationary situation.
In rates, treasuries hold gains, accumulated during London morning amid a bigger rally in gilts after a sale of UK 30-year bonds was most oversubscribed since July, leaving yields richer by 2bp-4bp across maturities. Also supporting Treasuries, US equity index futures fell after disappointing earnings from Alphabet and AMD. US 10-year yields trade around 4.45%, richer by 6bps on the day with gilts outperforming by 2.5bp in the sector; long-end leads gains in Treasuries, flattening 2s10s spread by ~1.5bp. Gilts lead a rally in European bonds, with UK 10-year yields falling 7 bps to 4.46%. Bunds extended declines after the ECB’s main gauge of future euro-zone pay growth continued to signal a sharp slowdown in 2025.
In commodities, WTI crude drops to $72 a barrel. Bitcoin rises 1.5% toward $98,000.
Treasuries rise, with US 10-year yields falling ~4 bps to 4.47%. Other haven assets are also bid with gold rising $29 to a fresh record high while the Japanese yen tops the G-10 FX leader board, climbing 1.1% against the greenback. The yen is also bid after data showed Japanese nominal wages rising at the fastest pace in nearly three decades. The Bloomberg Dollar Spot Index falls 0.3%.
Wednesday’s US economic data calendar includes January ADP employment change (8:15am), December trade balance (8:30am), January final S&P Global US services PMI (9:45am) and January ISM services index (10am). Fed speaker slate includes Barkin (7:30am and 9am), Goolsbee (2:30pm), Bowman (3pm) and Jefferson (7:30pm)
Market Snapshot
S&P 500 futures down 0.6% to 6,027.25
STOXX Europe 600 little changed at 535.55
MXAP up 0.8% to 184.02
MXAPJ up 0.4% to 576.88
Nikkei little changed at 38,831.48
Topix up 0.3% to 2,745.41
Hang Seng Index down 0.9% to 20,597.09
Shanghai Composite down 0.6% to 3,229.49
Sensex down 0.4% to 78,287.81
Australia S&P/ASX 200 up 0.5% to 8,416.87
Kospi up 1.1% to 2,509.27
German 10Y yield little changed at 2.36%
Euro up 0.3% to $1.0409
Brent Futures down 0.9% to $75.53/bbl
Gold spot up 1.0% to $2,870.42
US Dollar Index down 0.35% to 107.58
Top Overnight News
Trump’s plans for the US to take over Gaza have been met with anger and dismay across the Arab world, raising fears of reignited conflict in the region. Saudi Arabia and Turkey on Wednesday dismissed a proposal by President Trump for the US to take control of Gaza and for Palestinians to permanently leave the strip, an idea likely to be also rejected by other Middle Eastern nations. FT, WSJ
US President Trump mulls revoking loans from the $400bln clean energy office: BBG
US government officials have privately warned that Elon Musk’s blitz appears illegal. It was separately reported that the US Treasury gave Elon Musk’s DOGE ‘read-only’ access to the payment system: WaPo
US Senate confirmed US President Trump’s nominee Pam Bondi as Attorney General.
Morgan Stanley expects the Fed to deliver only one 25bps cut this year, in June (prior forecast was for two 25bps cuts)
Fed’s Jefferson (voter) said there is no need to hurry further rate cuts and a strong economy makes caution appropriate, while he added that interest rates are likely to fall over the medium term and disinflation is expected to continue, though progress may be slow. Furthermore, he said the Fed faces uncertainty around government policy and that growth and labour market conditions are expected to remain solid.
China’s Caixin services PMI for Jan came in at 51, down from 52.2 in Dec and below the Street’s 52.4 forecast. WSJ
Japan’s December inflation-adjusted real wages rose 0.6% year-on-year thanks to a wintertime bonus bump, preliminary government data showed on Wednesday, with government officials expressing optimism that wage hike momentum ahead is growing. RTRS
French PM Francois Bayrou is set to ride out two no-confidence votes today, giving him the stability needed to implement a delayed 2025 budget. BBG
The ECB’s wage tracker predicts salaries rising by an annual 1.5% in the fourth quarter, a sharp slowdown from the 5.3% peak recorded a year earlier. While the ECB needs salary growth to slow, it doesn’t want too steep a deceleration. BBG
Bond traders exited wagers in futures and cash Treasuries in the past week, amid tariff uncertainties. Swaps rates are pricing in just 3 bps of easing next month, or a bit more than a 10% chance of a cut. BBG
Apple -2.6% in premkt. China’s antitrust watchdog is laying the groundwork for a potential probe into Apple Inc.’s policies and the fees it charges app developers, part of a broader push by Beijing that risks becoming another flashpoint in the country’s trade war with the US. BBG
INTC (Intel) could be targeted with an antitrust probe in China as Beijing considers further ways to retaliate against Trump’s trade war. FT
President Donald Trump and officials close to him recently expressed interest in pulling U.S. troops out of Syria, leading Pentagon officials to begin drawing up plans for a full withdrawal in 30, 60 or 90 days. NBC
Earnings Summary
Advanced Micro Devices (AMD) -8.5% pre-market: Beat on Q4, strong AI-driven growth. Missed data centre sales forecasts.
Alphabet (GOOGL) -7.3% pre-market: Q4 missed, Cloud growth slowed, foresees 2025 capex above-exp. Making the Gemini 2.0 flash AI model available from Wednesday. Continues its strong relationship with NVIDIA (NVDA).
Amgen (AMGN) -1.4% pre-market: Q4 beats, Phase 3 trials for obesity drug MariTide will start before mid-year.
Snap (SNAP) +3.7% pre-market: Strong Q4 numbers, execs. hint at price hikes ahead.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mixed with the region only partially sustaining the positive momentum from the US, as Chinese markets reopened from the Spring Festival and participants digested disappointing China Caixin Services PMI data. ASX 200 edged higher with the gains led by outperformance in the resources, tech and mining sectors, while Australian Services and Composite PMI figures were revised higher from the preliminary release. Nikkei 225 swung between gains and losses with the index pressured intraday as the Japanese currency strengthened after data showed the fastest pace of wage growth in Japan since 1997. Hang Seng and Shanghai Comp declined on the mainland’s return from the Spring Festival holiday as participants digested the recent US-China tit-for-tat tariffs, while disappointing Chinese Caixin Services PMI data added to the downbeat mood.
Top Asian News
Temu and Shien targeted in new EU measures against “dangerous and cheap” e-commerce imports into Europe.
China’s Foreign Ministry, on US President Trump saying he is in no hurry to speak with Xi, says what is needed it dialogue and consultation not unilateral action.
US President Trump’s administration weighs adding Shein and Temu to its forced labour list, according to Semafor.
BoJ director general of monetary affairs Masaki said the BoJ sees underlying inflation gradually heading toward 2% and price rises post-pandemic have been driven mostly by cost-push factors, such as rising import costs from a weak yen. Masaki stated the BoJ will keep raising interest rates if underlying inflation accelerates towards the 2% target as projected but added the BoJ must support economic activity with accommodative monetary conditions.
European bourses (Stoxx 600 -0.2%) began the session with a clear downward bias, and has traded sideways at subdued levels throughout the morning. Little price action was seen following the release of today’s EZ Final PMIs/ECB Wage Tracker. European sectors began the session with a negative bias, and sentiment continues to remain downbeat. Healthcare tops the pile, lifted by post-earning strength in Novo Nordisk (+3.6%) and GSK (+5.2%). Autos and Parts has parked itself right at the bottom of the pile, with losses driven by downside in Renault after it was reported overnight that the Nissan/Honda merger could collapse; recent sources suggest the deal has been scrapped. The French automaker holds a 17% stake in Nissan. Nissan (7201 JT) board decides to scrap merger talks with Honda (7267 JT), according to Reuters sources.
Top European News
The Times’ Shadow BoE MPC voted 5-4 in favour of lowering the base rate by 25bps to 4.50% this week; the dissenters cited stubborn wage growth as justification for holding rates.
ECB’s de Guindos says he is not sure where ECB interest rates will end up; see inflation approaching the ECB target.
FX
DXY is lower for a third consecutive session as markets continue to price in a more constructive trade environment after Trump’s concessions to Mexico and Canada earlier in the week. From a US macro perspective, today sees the release of ADP in the run-up to Friday NFP print, whilst ISM services data is also due; a slew of Fed speakers are also on the agenda. DXY has crossed below its 50DMA at 107.77 with the next downside target coming via the 30th Jan low at 107.50.
EUR/USD has gained a footing above the 1.04 mark, which is in stark contrast to the 1.0209 trough seen at the start of the week. This has mainly been as a result of the easing trade tensions between the US and Mexico/Canada. Final EZ PMI and the ECB’s latest wage tracker data had little sway on EUR. ECB Chief Economist Lane is due to speak.
GBP is once again on the front foot vs. the USD, whilst steady vs. the EUR. UK-specific drivers are on the light side in the run up to Thursday’s BoE rate decision which is widely expected to see a 25bps rate cut via an 8-1 vote split. UK services PMI was revised lower but GBP was unfazed. Cable is up for a third session in a row with Monday’s 1.2248 trough very much in the rear-view mirror, with the pair currently at 1.2520.
Antipodeans are both near the top of the G10 leaderboard as optimism around trade continues to percolate following the easing of tensions between the US, Mexico and Canada earlier in the week. It remains to be seen whether this optimism is unfounded for the antipodes given that China’s retaliatory tariffs on the US come into effect on February 10th.
PBoC set USD/CNY mid-point at 7.1693 vs exp. 7.2661 (prev. 7.1698).
Fixed Income
A morning of gains for USTs, upside was initially modest in nature and tempered by hawkish developments out of Japan via the largest wage data and remarks from former official Hayakawa around potentially hiking twice more in 2025. Further upside in the complex continued in the European session, with some impetus potentially stemming from reports that China could investigate Apple. Specifically, USTs lifted to a 109-15 session high over the course of 20-minutes. Ahead, US ADP National Employment, ISM Services, Quarterly Refunding Announcement and a slew of Fed speakers.
Bunds are firmer. For the bloc specifically, the region’s final PMIs have been subject to slightly more revision than is usually the case with French figures revised down amid political uncertainty; the EZ print saw Composite unrevised while Services saw a mild downward revision. The first formal release of the ECB’s wage data saw a very slight revision higher in the 2025 estimate to 3.256% from the initial 3.2% estimate; a slight pull back was seen in Bunds, but the upside has since continued alongside peers. Bunds at a current 133.64 peak.
Gilts are following peers throughout the morning and hit a 93.47 peak just after the release of the UK’s own Final PMIs. Figures which were subject to modest negative revisions while the internal commentary points to an increasingly stagflationary environment.
Commodities
Another soft morning for the crude complex despite the weak Dollar but after the US and Chinese presidents failed to conduct a call yesterday to discuss tariffs. On that front, US President Trump said he would speak to Chinese President Xi at the appropriate time and is in no rush, while he responded ‘that’s fine’ when asked about China’s retaliatory tariffs. On the flip side, US President Trump signed a memorandum regarding maximum pressure on Iran. WTI Mar resides in a USD 72.17-72.97/bbl range and Brent Apr within 75.60-76.34/bbl confines.
Firm trade seen in precious metals, partly amid the momentum gold has upheld as it prints fresh record highs. Spot gold has reached levels as high as USD 2,870/oz to the upside (vs USD 2,839.74/oz low) with clean air seen until prices reach round and half-round levels.
Mixed trade in base metals with copper futures rangebound despite the return to the market of its largest buyer as participants also digested disappointing Caixin Services PMI data. 3M LME copper resides in a USD 9,151.00-9,209.00/t range.
Iranian Oil Minister says unilateral sanctions on major oil producers will place pressure on OPEC, as US President Trump orders “maximum pressure” on Tehran. Adds, unilateral sanctions will destabilise the market.
US President Trump said he had fantastic talks with Israeli PM Netanyahu and many countries will soon be joining the Abraham Accords, while they discussed how to ensure Hamas is eliminated and Trump stated that Gaza should not go through the process of rebuilding and occupation by the same people, and instead, various domains should be built for Gazans to live in. Trump added the US will take over the Gaza Strip and own it with the site will be levelled and economic development to be created. Furthermore, Trump said they are working hard to get all hostages and more hostages will be released, if not, it will make ‘us’ somewhat more violent.
Israeli PM Netanyahu said US President Trump is the greatest friend Israel has ever had in the White House and they must eliminate Hamas, recover hostages and ensure that Gaza does not pose a threat to Israel. Netanyahu also stated that Trump sees a different future for Gaza and it is a different idea worth paying attention to and could change history.
Hamas official Sami Abu Zuhri said President Trump’s remarks about the desire to control Gaza are ridiculous and absurd, while he added that any ideas of this kind are capable of igniting the region.
Saudi Arabia stressed its rejection of attempts to displace Palestinians from their land and said it will not establish relations with Israel without the establishment of a Palestinian state.
US Middle East envoy Witkoff said President Trump is telling the Middle East that Gaza will probably be uninhabitable for 10-15 years.
Geopolitics: Ukraine
Ukrainian drone attack sparked a fire at an oil depot in Russia’s Krasnodar region.
US Event Calendar
07:00: Jan. MBA Mortgage Applications 2.2%, prior -2.0%
08:15: Jan. ADP Employment Change, est. 150,000, prior 122,000
08:30: Dec. Trade Balance, est. -$96.8b, prior -$78.2b
09:45: Jan. S&P Global US Services PMI, est. 52.9, prior 52.8
10:00: Jan. ISM Services Index, est. 54.0, prior 54.1, revised 54.0
DB’s Jim Reid concludes the overnight wrap
After a tricky few days for markets, the last 24 hours saw things begin to stabilise again, with most asset classes unwinding the tariff-driven moves around the weekend. For instance, the S&P 500 (+0.72%) posted a decent recovery, the VIX index (-1.41pts) fell back a bit, and the US Dollar also weakened after its recent surge. There wasn’t a single factor driving the moves, but investors have grown hopeful that the tariff delays for Mexico and Canada will mean that tariffs are ultimately avoided, whether that’s via further delays or some kind of deal. If that does transpire, then that would avoid a major trade shock that hits growth and raises US inflation, hence the more positive market reaction over the last 24 hours. Nevertheless, there’s little doubt that markets remain pretty nervous about the whole situation, withtariff risk still being priced in to several key assets, and gold prices (+0.98%) hit an all-time high of $2,843/oz.
Some of that optimism followed reports that a call between President Trump and President Xi was being scheduled, leading to speculation about whether something might also be worked out with the 10% China tariffs now in force. However, that was then downplayed, with Trump himself saying “We’ll speak to him at the appropriate time. I’m in no rush”. We’re starting to see some real economy impacts from the new tariffs as well, as the US Postal Service suspended inbound international packages from China.
Reflecting the growing optimism on tariffs, some of the best performers yesterday were the most trade-sensitive assets. For instance, the Canadian Dollar (+0.74%) strengthened further against the US Dollar, continuing to bounce back from its 9-year low on Friday. Another outperformer was the NASDAQ Golden Dragon China Index (+2.65%), which is made up of companies that are publicly traded in the US, but where a majority of their business happens in China, though this did give up some of its gains after being up +4.3% intraday. And over in Europe, the STOXX Automobiles & Parts Index (+2.09%) had its best day in four weeks, as investors grew a bit more confident that tariffs might be avoided.
Aside from the latest trade developments, markets got a further boost from the latest JOLTS report of job openings from the US, which showed the labour market remained on an even keel into December. Admittedly, job openings fell by more than expected, down to a 3-month low of 7.6m (vs. 8m expected). But it still meant the ratio of vacancies per unemployed workers was at 1.10, which is broadly in line with its levels over the previous 6 months. Moreover, the quits rate (2.0%), the hires rate (3.4%) and the layoffs and discharges rate (1.1%) were all unchanged. So from a market point of view, it was in a goldilocks zone where it wasn’t showing inflationary pressures from a tight labour market, but it didn’t show a serious deterioration either.
All-in-all, that helped the S&P 500 (+0.72%) to recover after the last couple of sessions, aided by a strong performance for the Magnificent 7 (+1.70%). Palantir (+23.99%) saw the best performance in the S&P 500, which came as their revenue forecast surpassed estimates. However, the tech mood then soured after the close as Alphabet’s quarterly results missed sales estimates amid slowing growth in its cloud business, with the company also announcing a higher than expected 2025 CAPEX plan. The stock fell by more than -7% in after-hours trading. Next up on the Mag 7 earnings are Amazon, who report after tomorrow’s close. As seen on slide 6 of Jim’s “Deeply seeking comparisons to 2000” chat pack last week (link here), investors are expecting 9-22% per annum growth in earnings for the Mag-7 for the next 5 years, so the expectations bar is high, and any disappointment in earnings are likely to be met with a sharp sell-off.
Meanwhile in rates, US Treasuries also unwound the previous day’s moves, with yields moving lower across the curve. That was supported by comments from Fed Vice Chair Jefferson, who reiterated the view that he saw “a gradual reduction in the level of monetary policy restraint” as “the most likely outcome”, even as he said that “I do not think we need to be in a hurry to change our stance.” So along with the tariff delays, that supported investors’ belief that the Fed would still cut rates this year, and the amount of cuts priced in by the December meeting moved up +2.4bps on the day to 44.5bps. In turn, that helped Treasury yields to move lower, with the 2yr yield (-3.5bps) down to 4.21%, whilst the 10yr yield (-4.4bps) fell to 4.51%.
Over in Europe, markets also put in a decent performance that unwound much of the previous day’s moves. For sovereign bonds, that meant yields rise across most of the continent, as the prospect of fewer tariffs saw investors dial back the likelihood of rapid ECB rate cuts. So that helped yields on 10yr bunds (+1.4bps) to move back up a bit. Moreover, there was a fresh tightening in sovereign bond spreads, with the Franco-German 10yr spread falling to 71.4bps, its tightest since mid-September. European equities also advanced, with gains for the STOXX 600 (+0.22%) and the DAX (+0.36%), and there were particularly strong gains in southern Europe for Italy’s FTSE MIB (+1.38%) and Spain’s IBEX 35 (+1.37%). Otherwise, there wasn’t too much ECB commentary, but France’s Villeroy confirmed existing market expectations that “there will probably be more” rate cuts.
Overnight in Asia, data has shown Japanese wages growing by their fastest pace since 1997 in nominal terms, cementing the view that the Bank of Japan are set to keep hiking rates. That’s led yields to rise across the curve, with the 10yr JGB yield (+1.2bps) up to 1.28%, which is its highest level since 2011, whilst the Japanese Yen has strengthened by +0.61% against the US Dollar overnight. In terms of the data itself, it showed that nominal earnings were up by +4.8% year-on-year (vs. +3.7% expected), and real earnings were up +0.6% year-on-year (vs. -0.1% expected). This morning the Nikkei (+0.07%) is broadly flat. Elsewhere in Asia, the CSI 300 (-0.27%) and the Shanghai Comp (-0.36%) both fell back as they reopened after the holiday, although South Korea’s KOSPI (+1.04%) is on track for a second consecutive advance. Looking forward, US equity futures are pointing lower after Alphabet’s earnings, with those on the S&P 500 down -0.42%.
To the day ahead now, and data releases from the US include the ISM services index for January, the ADP’s report of private payrolls for January, and the trade balance for December. Otherwise, there’s the final services and composite PMIs for January from around the world. From central banks, we’ll hear from Fed Vice Chair Jefferson, along with the Fed’s Barkin, Goolsbee and Bowman, and the ECB’s Lane.
2B) EUROPEAN REPORT
2C ASIAN REPORT
Asia mixed on China’s return, GOOGL -7.6% after-hours post-earnings – Newsquawk Europe Market Open
Wednesday, Feb 05, 2025 – 01:50 AM
APAC stocks traded mixed with the region only partially sustaining the positive momentum from the US, as Chinese markets reopened from the Spring Festival and participants digested disappointing China Caixin Services PMI data.
US President Trump said he will speak to Chinese President Xi at the appropriate time and is in no rush, while he responded ‘that’s fine’ when asked about China’s retaliatory tariffs.
EU prepares to target US big tech if US President Trump pursues tariffs against the EU, according to FT.
US equity futures were subdued with sentiment not helped by earnings including from Alphabet which missed on Google Cloud revenue and fell 7.6% after hours.
European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.4% after the cash market closed with gains of 0.9% on Tuesday.
Looking ahead, highlights include Italian Retail Sales, US ADP National Employment, ISM Services, International Trade, ECB Wage Tracker, NBP Policy Announcement, Speakers including ECB’s Lane, Fed’s Barkin, Goolsbee, Jefferson & Bowman, Supply from UK & US Treasury Quarterly Refunding Announcement
Earnings from TotalEnergies, Credit Agricole, Novo Nordisk, Equinor, Pandora SSE, GSK, Santander, Uber, Disney, Ford, Arm & Qualcomm.
SNAPSHOT
LOOKING AHEAD
Highlights include Italian Retail Sales, US ADP National Employment, ISM Services, International Trade, ECB Wage Tracker, NBP Policy Announcement, Speakers including ECB’s Lane, Fed’s Barkin, Goolsbee, Jefferson & Bowman, Supply from UK & US Treasury Quarterly Refunding Announcement.
Earnings from TotalEnergies, Credit Agricole, Novo Nordisk, Equinor, Pandora SSE, GSK, Santander, Uber, Disney, Ford, Arm & Qualcomm.
US stocks closed in the green with the Russell 2000 and Nasdaq leading the gains, although sectors were mixed as defensives lagged, while Energy, Communications and Tech were bid.
Market focus remained on tariff updates with the US having agreed to delay implementation of tariffs on Canada and Mexico by 1 month, although the additional 10% tariffs on China took effect which prompted retaliatory measures. The response was ultimately being framed as limited.
SPX +0.72% at 6,038, NDX +1.26% at. 21,567, DJIA +0.30% at 44,556, RUT +1.41% at 2,290.
US President Trump said he will speak to Chinese President Xi at the appropriate time and is in no rush, while he responded ‘that’s fine’ when asked about China’s retaliatory tariffs.
US Customs and Border Protection notice stated US tariffs of 10% will apply to Hong Kong as well as mainland China.
US Postal Service temporarily suspended inbound parcels from China and Hong Kong, according to Bloomberg.
EU prepares to target US big tech if US President Trump pursues tariffs against the EU, according to FT.
NOTABLE HEADLINES
Fed Chair Powell is to deliver his semi-annual monetary policy report to the Senate on February 11th.
Fed’s Jefferson (voter) said there is no need to hurry further rate cuts and a strong economy makes caution appropriate, while he added that interest rates are likely to fall over the medium term and disinflation is expected to continue, though progress may be slow. Furthermore, he said the Fed faces uncertainty around government policy and that growth and labour market conditions are expected to remain solid.
Fed’s Daly (2027 voter) said the economy is in a very good place and the Fed can take its time to look at data and policy changes. Daly also commented that the Fed has not finished the job on inflation yet and has to make sure the Fed gets inflation down, as well as noted that the Fed is in a good position to wait and see.
US President Trump mulls revoking loans from the USD 400bln clean energy office, according to Bloomberg.
US government officials have privately warned that Elon Musk’s blitz appears illegal, according to The Washington Post. It was separately reported that the US Treasury gave Elon Musk’s DOGE ‘read-only’ access to the payment system.
US Senate confirmed US President Trump’s nominee Pam Bondi as Attorney General.
APAC stocks traded mixed with the region only partially sustaining the positive momentum from the US, as Chinese markets reopened from the Spring Festival and participants digested disappointing China Caixin Services PMI data.
ASX 200 edged higher with the gains led by outperformance in the resources, tech and mining sectors, while Australian Services and Composite PMI figures were revised higher from the preliminary release.
Nikkei 225 swung between gains and losses with the index pressured intraday as the Japanese currency strengthened after data showed the fastest pace of wage growth in Japan since 1997.
Hang Seng and Shanghai Comp declined on the mainland’s return from the Spring Festival holiday as participants digested the recent US-China tit-for-tat tariffs, while disappointing Chinese Caixin Services PMI data added to the downbeat mood.
US equity futures were subdued with sentiment not helped by earnings including from Alphabet which missed on revenue.
European equity futures indicate a lower cash open with Euro Stoxx 50 futures down 0.4% after the cash market closed with gains of 0.9% on Tuesday.
FX
DXY remained lacklustre after the soft US data releases and the tariff delay for Canada and Mexico, while there were recent Fed comments in which Jefferson stated there is no need to hurry further rate cuts and a strong economy makes caution appropriate but added that interest rates are likely to fall over the medium term.
EUR/USD maintained a firm footing above the 1.0300 level amid a softer dollar and despite recent dovish ECB rhetoric.
GBP/USD took a breather after recent advances and with some resistance seen just shy of the 1.2500 handle.
USD/JPY retreated from the open to beneath the 154.00 level after firm Labour Cash Earnings which showed the fastest pace of growth in wages since 1997 and supports the case for the BoJ to keep on its hiking path.
Antipodeans were uneventful with NZD/USD largely unmoved by mixed but relatively inline employment and wages data.
PBoC set USD/CNY mid-point at 7.1693 vs exp. 7.2661 (prev. 7.1698).
FIXED INCOME
10yr UST futures took a breather after the prior day’s rebound which was facilitated by weaker-than-expected data releases, while the attention now turns to that quarterly refunding announcement scheduled for today.
Bund futures gained following a return to above the 133.00 level and with ECB comments suggesting further rate cuts.
10yr JGB futures retreated at the open following firmer-than-expected Labour Cash Earnings data from Japan, while there were recent comments from former BoJ executive Hayakawa that the BoJ is likely to keep raising rates to above the current market consensus and could hike twice more this year.
COMMODITIES
Crude futures were lacklustre after fluctuating yesterday on tariff and geopolitical headlines, while demand was also not helped by the mostly bearish private sector inventory data which showed a larger-than-expected build for crude and gasoline.
Spot gold extended on its recent advances and printed fresh record highs at USD 2,860/oz.
Copper futures were rangebound despite the return to the market of its largest buyer as participants also digested disappointing Caixin Services PMI data.
CRYPTO
Bitcoin was indecisive overnight and lingered around the USD 98,000 level.
US House Financial Services Chair noted that both chambers of Congress are to form a crypto working group.
White House crypto czar said the feasibility of a Bitcoin reserve is being studied.
NOTABLE ASIA-PAC HEADLINES
US President Trump’s administration weighs adding Shein and Temu to its forced labour list, according to Semafor.
BoJ official Masaki said the BoJ sees underlying inflation gradually heading toward 2% and price rises post-pandemic have been driven mostly by cost-push factors, such as rising import costs from a weak yen. Masaki stated the BoJ will keep raising interest rates if underlying inflation accelerates towards the 2% target as projected but added the BoJ must support economic activity with accommodative monetary conditions.
DATA RECAP
Chinese Caixin Services PMI (Jan) 51.0 vs. Exp. 52.3 (Prev. 52.2)
Chinese Caixin Composite PMI (Jan) 51.1 (Prev. 51.4)
Japanese Overall Labour Cash Earnings (Dec) 4.80% vs. Exp. 3.60% (Prev. 3.00%, Rev. 3.90%)
GEOPOLITICS
MIDDLE EAST
US President Trump signed a memorandum regarding maximum pressure on Iran and said he was torn on signing the memo on Iran and called it very tough. Trump said hopefully they will not have to use it and will see if they can work out a deal with Iran, while he added that Iran cannot have a nuclear weapon and they have the right to block the sale of Iranian oil to other nations but noted he would hold talks with his Iranian counterpart and would reach out to Iran. Furthermore, Trump said if Iran were to retaliate and try to kill him, Iran would be obliterated, while he later commented that he would love to make a deal with Iran but repeated that Iran cannot have a nuclear weapon and thinks it will be unfortunate for them if they have a nuclear weapon.
US President Trump said he had fantastic talks with Israeli PM Netanyahu and many countries will soon be joining the Abraham Accords, while they discussed how to ensure Hamas is eliminated and Trump stated that Gaza should not go through the process of rebuilding and occupation by the same people, and instead, various domains should be built for Gazans to live in. Trump added the US will take over the Gaza Strip and own it with the site will be levelled and economic development to be created. Furthermore, Trump said they are working hard to get all hostages and more hostages will be released, if not, it will make ‘us’ somewhat more violent.
Israeli PM Netanyahu said US President Trump is the greatest friend Israel has ever had in the White House and they must eliminate Hamas, recover hostages and ensure that Gaza does not pose a threat to Israel. Netanyahu also stated that Trump sees a different future for Gaza and it is a different idea worth paying attention to and could change history.
Hamas official Sami Abu Zuhri said President Trump’s remarks about the desire to control Gaza are ridiculous and absurd, while he added that any ideas of this kind are capable of igniting the region.
Saudi Arabia stressed its rejection of attempts to displace Palestinians from their land and said it will not establish relations with Israel without the establishment of a Palestinian state.
US Middle East envoy Witkoff said President Trump is telling the Middle East that Gaza will probably be uninhabitable for 10-15 years.
RUSSIA-UKRAINE
Ukrainian drone attack sparked a fire at an oil depot in Russia’s Krasnodar region.
Ukrainian President Zelensky said Ukraine is ready for a diplomatic track to end the war and that they are ready to talk to Russian President Putin if necessary.
OTHER
Azerbaijani government source said a plane that crashed on 25th December was hit by a Russian surface-to-air missile and Azerbaijan has a fragment of the missile, according to Reuters.
EU/UK
NOTABLE HEADLINES
The Times’ Shadow BoE MPC voted 5-4 in favour of lowering the base rate by 25bps to 4.50% this week; the dissenters cited stubborn wage growth as justification for holding rates.
US Treasury Secretary Bessent affirmed the importance of the US-EU economic relationship with transatlantic cooperation in a call with ECB President Lagarde.
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
US Postal Service Suspends Shipments Of Parcels From China, Hong Kong
by Tyler Durden
Tuesday, Feb 04, 2025 – 11:49 PM
The US Postal Service has suspending inbound international packages from China and Hong Kong Posts, delaying or blocking shipments from giant online retailers, and Amazon competitors, like Shein and PDD’s Temu. USPS said letters and flat mail from China and Hong Kong would not be affected, according to a statement on its website.
Potential reasons behind the suspension could be to ensure the tariff is enforced and not bypassed by potential loopholes such as exporting multiple packages of smaller value items (see more here). While it’s not clear what prompted the move, it followed Trump’s decision to revoke a “de minimis” rule for China, which previously allowed small packages under $800 to enter the US duty-free. This exemption, often used by Chinese-linked e-commerce companies, was removed as part of a new 10% tariff on goods from China and Hong Kong, which took effect just after midnight Tuesday Washington time.
Washington is cracking down on a loophole that retailers like Temu and Shein have used for years to expand in the US, allowing them to ship high volumes of small packages and gain an edge over competitors like Amazon.com Inc. Critics say the flood of parcels from China is difficult to track and may contain illegal or dangerous goods.
According to US Customs and Border Protection data quoted by Bloomberg, the total volume of de minimis shipments into the US hit 1.4 billion packages in fiscal year 2024, about double the number in 2022. Predictably, discount online retailers like Temu and Shein contributed significantly to the spike in volume.
However, disruptions from the move may be more limited now than it would have been in previous years, as other postal operators have taken over the USPS’s role in handling cross-border lightweight e-commerce packages, including those from China, according to a US Office of Inspector General report in May 2023.
US officials have alleged that parcel mail, direct from China and via third-party countries, is a gateway for illicit drugs, including deadly fentanyl. “What the cartels in China have done is exploit that loophole to smuggle in not just fentanyl but all sorts of drugs,” White House trade adviser Peter Navarro told Politico in an event in Washington Tuesday.
The China tariff order took effect even as two others, for Mexico and Canada, were put on hold. Trump has hinted at a possible call with Chinese leadership this week, though details remain unclear. While the White House has not ruled out a deal to pause the Chinese tariffs, which could also impact the Postal Service’s ban, nothing has been confirmed yet.
Shares of Alibaba fell more than 2% in Hong Kong, while JD.com tumbled more than 5%, while the Hang Seng China index losses also extend, down 1.8% now.
In a Goldman note published late on Tuesday, the bank tried to assess the impact of Trump’s removal of the de-minimis exemption on China’s e-commerce platforms, where PDD’s Temu has the highest US exposure amongst China cross-border players. Here are some of the highlights from the report (full note available to pro subs in the usual place).
For PDD, US contributes to around ~40% of GMV for Temu, while Temu was a 10% loss drag to PDD group profit in FY24E (and with minimal valuation implied by PDD’s current market cap). Despite the new regulations, Goldman believes cost advantages of eCommerce platforms vs. US offline retailers will continue given the lower cost structures for online businesses (fewer layers between factories and end consumers), while Chinese platforms will continue to diversify their merchant bases beyond China to local merchants.
An evolving Temu business model and global diversification prior to these developments in tariff policy development, where Goldman has seen:
1) Temu’s geographical diversification with the US contribution to Temu’s global MAU from 100% at the time of launch in early-2023, down to its latest at 15% of Temu’s global MAU as of Dec 2024 as per the latest eCommerce tracker, with fast expansions in South America and the Middle East;
2) Temu’s ongoing US business model evolve from full-entrusted model (direct air freight shipments that enjoy de-minimis exemptions), to a rapidly growing semi-entrusted model that has recently reached 25% of Temu US GMV as of Sept-2024 (where merchants ship products by sea freight under traditional trade ahead of time); and,
3) Temu’s business model has expanded beyond air freight direct shipments, with the semi-entrusted models launched in 19 countries as of Jan-2025 that do not depend on de-minimis.
The limited value that has been ascribed by the market to the Temu business in PDD’s current market cap, as investors have been anticipating pending regulatory clarity around U.S. tariffs, multiple countries’ de-minimis rules, personal data, etc. before being willing to ascribe any meaningful value to the Temu business, despite the fact that the Temu app reached 350mn MAU in Dec 2024.
Looking ahead, the key to watch will be any further tariffs/tax applied for cross-border eCommerce goods, and development of any risks related to targeted tariffs on China imports/app bans/expansion of the Uyghur Forced Labor Prevention Act (UFLPA) Entity List etc. that could pose a potential impact to Temu’s US operations. Meanwhile, Goldman expects ongoing geographical diversification away from the U.S. and business model shifts, including further expanding the launch of its 3P marketplace to local US merchants (local-to-local sourcing) and semi-entrusted model for cross-border eCommerce platforms. Of course, none of that will help Temu if other countries piggyback on similar sanctions as the US.
More in the full Goldman note available to pro subs.
END
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HAMAS/USA/GAZA
good deal if you can differentiate a Gazan with a Hamas terrorist?
Trump says US will takeover Gaza in bombshell joint press conference with Netanyahu
Trump unveils radical plan for US control of Gaza during White House meeting with Netanyahu, envisioning international development while relocating residents.
By HANNAH SARISOHNFEBRUARY 5, 2025 01:19Updated: FEBRUARY 5, 2025 03:00
US President Donald Trump seen with Prime Minister Benjamin Netanyahu (illustrative)(photo credit: SHUTTERSTOCK/NIMNETH X, YONATAN SINDEL/FLASH90)
The US will take over the Gaza Strip for the foreseeable future, President Donald Trump announced Monday evening during a shocking joint press conference with Prime Minister Benjamin Netanyahu following their hour-long Oval Office meeting on Tuesday.
He said by taking over Gaza the US will create economic development that will supply an “unlimited number of jobs and housing for the people of the area.”
Trump said he sees taking over Gaza as a way to bring stability not only to Israel’s neighbors but potentially the entire Middle East.
According to Trump, everyone he’s spoken to “loves the idea of the United States” owning Gaza, developing the land, and creating thousands of jobs.
Trump said he’s “studied this very closely” and seen it from every angle.
“We’re going to develop it, create thousands and thousands of jobs, and it will be something that the entire Middle East could be very proud of,” Trump said of Gaza.
“But everybody feels that continuing the same process has gone on forever, over and over again, and then it starts, and then the killing starts, and all of the other problems start, and you end up in the same place. And we don’t want to see that happen.”
Trump called the Gaza Strip a symbol of “death and destruction” and “so bad” for the people anywhere near it, “and especially those who live there.”
“It has been an unlucky place for a long time,” he said of the strip. “Being in its presence just has not been good, and it should not go through a process of rebuilding and occupation by the same people that have really stood there and fought for it and lived there and died there and lived a miserable existence there.”
Instead, Trump said, Gazans should go to other “countries of interest with humanitarian hearts” paid for by wealthy neighboring countries.
According to Trump, Gazans could go to numerous sites or one large site but they will be able to live in “comfort and peace.”
“We’ll make sure something really spectacular is done. They’re gonna have peace,” Trump said. “They’re not going to be shot at and killed and destroyed like this, civilization of wonderful people has had to endure.”
Trump said “the world’s people” will live in Gaza once it’s rebuilt and the strip will be made into an “international, unbelievable place.”
He said representatives from all over the world will “be there and live there.”
“Palestinians, also,” he said. “Palestinians will live there. Many people will live there. But they’ve tried the other, and they’ve tried it for decades and decades and decades. It’s not going to work. It didn’t work, it will never work. And you have to learn from history, history is, you know, just can’t let it keep repeating itself. We have an opportunity to do something that could be phenomenal.”
On the ceasefire deal, Trump said he “hopes it holds”
While the Biden administration was vocal in its praise for the Trump administration’s support in working to secure the ceasefire and hostage deal, Trump said his White House wasn’t “helped very much by the Biden administration.”
“But we’ve gotten quite a few hostages out. We’re going to get more out, but we’re dealing with very complex people, and we are going to see whether or not it holds,” he said. “We certainly want to have more come out.”
Netanyahu praised Trump’s “willingness to puncture conventional thinking” and willingness to help Israel achieve its goals.
“[Trump] sees a different future for that piece of land that has been the focus of so much terrorism, so many attacks against us, so many trials and so many tribulations. He has a different idea, and I think it’s worth paying attention to this. We’re talking about it. He’s exploring it with his people, with his staff,” Netanyahu said.
“I think it’s something that could change history, and it’s worthwhile really pursuing this avenue.”
Israeli Saudi relations
Both Trump and Netanyahu still expressed confidence in normalizing relations with Saudi Arabia.
Trump said Saudi Arabia is going to “be very helpful, and they have been very helpful.”
Netanyahu added he thinks peace between Israel and Saudi Arabia is not only feasible, it’s going to happen.
Normalization would’ve happened if Trump’s first term was six months longer, he added.
END
SAME STORY AS ABOVE: ZEROHEDGE
Palestinians Would ‘Love To Leave’ Gaza, US Could ‘Take It Over’ Trump Proclaims Alongside Netanyahu
Tuesday, Feb 04, 2025 – 07:45 PM
Israeli Prime Minister Benjamin Netanyahu was all smiles as he visited the White House and met with President Trump in the Oval Office Tuesday afternoon, especially given Trump said many things in terms of the future of Gaza that the Israeli leader would welcome.
Trump in an exchange with reporters while sitting next to ‘Bibi’ continued pressing the idea that Palestinians should be relocated out of Gaza. “There’s hardly a building standing, and the ones that are are going to collapse. You can’t live in Gaza right now. And I think we need another location,” Trump said, echoing prior comments.
Trump stoked further controversy by claiming Palestinians would “love to leave” Gaza – comments which have already been condemned by many pundits as tantamount to an ethnic cleansing campaign. Arab leaders too have blasted any plan which would see a mass exodus or removal of Palestinians to neighboring countries.
“ Who would want to go back?” Trump posited during the sit-down with Netanyahu. Indeed the place has been leveled, but as the ceasefire has held there’s been evidence of a mass return of tens of thousands of Palestinians to their largely destroyed communities in the northern Gaza Strip.
“It would be my hope that we could do something really nice where they would not want to return,” Trump reasoned, despite the current Israel-Hamas truce calling for future reconstruction of the Strip.
“It doesn’t have to be one area, but you take certain areas and you build really good quality housing, like a beautiful town, like someplace where they can live and not die,” Trump said.
“The U.S. will take over the Gaza Strip, and we will do a job with it, too,” Mr. Trump said. “We’ll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site and get rid of the destroyed buildings — level it out. Create an economic development that will supply unlimited numbers of jobs and housing for the people of the area. Do a real job. Do something different.”
“Just can’t go back,” he continued. “If you go back, it’s gonna end up the same way it has for a hundred years.” —CBS
The two leaders also discussed the status of the ceasefire in Gaza and the question of the eradication of Hamas. “I support getting all the hostages out and meeting all our war goals,” Netanyahu said.
“That includes destroying Hamas’s military and governing capabilities and making sure that Gaza never poses a threat to Israel,” he added, in broad agreement with Trump – though it’s unclear what details the two see eye to eye on in terms of next practical steps. According to more:
Turning to Netanyahu who was sitting beside him, Trump said, “And he wants peace also.”
“We’re dealing with a very complex group of people, situation and people, but we have the right man,” Trump added.
“We have the right leader of Israel. He’s done a great job, and we’ve been friends for a long time.”
When pressed on how many people he thinks should be resettled out of Gaza, Pres. Trump says, “All of them.”
As for some kind of refugee mass resettlement plan, the reality is that past historic waves of Palestinian refugees and armed groups flooding nearby Arab countries have literally erupted in wars and street battles, which especially Lebanon can attest to. Jordan has also seen its country destabilized at times – Black September being a prime case in point.
There’s also the logistics – with Palestinians now rushing back to their largely destroyed communities in northern Gaza, they are defiantly telling the world they don’t plan to leave their homeland. The Gaza ceasefire would likely collapse if Palestinians were suddenly pushed out in large waves into Egypt and Jordan.
Meanwhile a little damage control…
Advisers to US President Trump’s administration told reporters that his “cleaning out” Gaza comment referred to a long-range plan to make the enclave habitable, and that it is “unfair” to Palestinians to tell them they’d return within five years. pic.twitter.com/VxzYjx7qZF
Jordan already hosts several million Palestinians, based on past historic large refugee waves, and the result of mass displacement due to various Arab-Israeli wars.
If Jordan goes along with Trump’s plan, there would be the likelihood of some kind of armed Palestinian uprising within Jordan itself.
⚡️#BREAKING A reporter asked Trump what would happen if Egypt and Jordan told him no.
"They won’t tell me no. I want to remove all the residents of Gaza," he responded.
Such a plan would be nearly impossible to execute or at least be deeply complicated from the start. And ultimately it can be seen as the textbook definition of ethnic cleansing of a territory.
END
ISRAEL/HAMAS/GAZA/USA
the response:
‘The Palestinian people will not accept any plan to uproot them’ – Senior Hamas officials respond
“We oppose the statements of US President Donald Trump,” said a senior member of Hamas.
Senior Hamas officials swiftly condemned a statement by US President Donald Trump on Tuesday, accusing him of making “racist remarks” and attempting to “eliminate the Palestinian issue.” Another senior Hamas figure warned that such statements are “a recipe for chaos and tension in the region.”
Izzat al-Risheq, a senior member of Hamas’s political bureau, stated on Tuesday evening: “We oppose the statements of US President Donald Trump, in which he called on the Palestinian people in Gaza to leave their homeland under the pretext of rehabilitating the Strip,” he wrote on his Telegram account.
“Trump’s statements are racist and represent a clear attempt to eliminate the Palestinian issue while disregarding our steadfast national rights. Our people in Gaza have thwarted migration and expulsion plans even under attacks for 15 months. The Palestinian people are rooted in their land and will not accept any plan aimed at uprooting them,” he added.
Sami Abu Zuhri, another senior Hamas official, told the Gaza-based Shehab News Agency, which is affiliated with Hamas, that they reject Trump’s remarks, in which he claimed that “there is no alternative for the residents of Gaza except to leave the Strip.”
U.S. President Donald Trump gestures as he speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu at the White House in Washington, U.S., February 4, 2025. (credit: REUTERS/ELIZABETH FRANTZ)
Abu Zuhri warned that such statements are a “recipe for chaos and regional tensions.” He further stressed that Gaza’s residents “will not allow such plans to be implemented” and insisted that “what is needed is an end to the occupation and aggression against the Palestinians, not their expulsion from their land.”
Trump’s remarks on Gaza’s future
During a conversation with reporters, Trump stated that Palestinians in Gaza have “no alternative but to live in a site of destruction.” He added that if they had an alternative, “they would gladly leave, as individuals or as a group.”
Trump reiterated that he wants Egypt and Jordan to accept Palestinians from Gaza but clarified that he is not necessarily advocating for Israeli settlements in the Strip.
END
ISRAEL/HAMAS/OPINION
Trump’s Gaza plan won’t happen, but it could shake up the region nonetheless
Moving Gazans to Arab countries won’t work, but neither will ending the war with Hamas the strongest force in Gaza. New ideas are needed, and this might spark more viable solutions
President Donald Trump and Israel’s Prime Minister Benjamin Netanyahu arrive for a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington. (AP Photo/Evan Vucci)
WASHINGTON — As is often the case with Donald Trump, there were plenty of headline-worthy statements that came out his meeting with Prime Minister Benjamin Netanyahu.
The US president said the Saudis were not demanding a Palestinian state; that the current Israeli government could complete the hostage release deal; that Iran is “very strong right now”; that the US would get more violent if Hamas didn’t release all the hostages.
Yet the statement leading evening news shows in the US and news sites around the world was about the future of Gaza: “The US will take over the Gaza Strip, and we will do a job with it too. We’ll own it and be responsible for dismantling all of the dangerous bombs and other weapons on the site.”
This wasn’t Trump speaking off the cuff. He was reading from prepared remarks during a joint press conference with Netanyahu, the first foreign leader to visit the White House since the Republican returned to office in January. Though he often stakes out unexpected positions as a tactic to help get what he wants on other matters, he seemed to be sincere about this one.
Shortly before that, Trump said in the Oval Office that he wants Palestinians to leave Gaza, and that ideally they would not return to the war-torn region.
Netanyahu seemed not to know how to react to the outlandish plan. “I think it’s worth paying attention to this,” he said noncommittally. “We’re talking about it. He’s exploring it with his people, with his staff. I think it’s something that could change history, and it’s worthwhile really pursuing this avenue.”
Displaced Palestinians return to their homes in the northern Gaza as part of a hostage-ceasefire agreement between Israel and Hamas on January 29, 2025. (Khalil Kahlout/Flash90)
The plan is not about to be implemented. Gazans, who survived 15 months of punishing attacks by Israel, largely don’t want to live in exile, and Trump isn’t going to send US troops to push almost 2 million people out of the Strip.
Nor will Egypt and Jordan go along with it, despite Trump’s confidence that their reliance on US aid and military support gives him enough leverage to push them to take in massive numbers of Gazan refugees. For both countries, Trump’s proposal crosses red lines.
Jordan’s regime lives in perpetual fear that the Israeli right will implement the idea that Jordan is Palestine and will treat the Hashemite Kingdom as the Palestinian state. Jordan is already mostly Palestinian, and the influx of hundreds of thousands more Palestinians would destabilize a country that already suffers from legitimacy problems and accusations that it serves as a Western stooge against the interests of Palestinians.
Voters queue outside a polling station to vote at al-Baqaa camp for Palestinian refugees north of Jordan’s capital on November 10, 2020. (Khalil MAZRAAWI / AFP)
Egypt also sees the potential influx of Gazans as an existential threat. It remembers Hamas breaching the border wall in 2008, and up to 700,000 Palestinians pouring into the Sinai. The incident led to new ties between jihadists in the Sinai and Hamas, which helped the Islamic State affiliate in the peninsula carry out a bloody insurgency against Egyptian forces. The Sissi government in Egypt views the Muslim Brotherhood as its mortal enemy, and is not about to allow thousands of fighters from the Brotherhood-affiliated Hamas into the country.
Israel’s peace agreements with Egypt and Jordan are foundations of its national security, and it would be unwise to back a policy that could destabilize two regimes that cooperate closely on military and security issues.
Displaced Palestinians arrive in the northern Gaza Strip for the first time since the early weeks of the 15-month war with Hamas, January 28, 2025. (AP Photo/Jehad Alshrafi)
Dangers and opportunities
Even if the plan doesn’t move forward, Trump merely floating the idea presents dangers and opportunities.
Emptying Gaza of Palestinians is the dream of Israel’s far right, and hearing the US president back the idea will make the ultranationalists believe that the goal is attainable.
Now, even if Netanyahu can get Hamas out of Gaza, it won’t be enough for some of his coalition partners. They will want to see Netanyahu work to implement Trump’s plan, and could threaten his political survival if he opposes the idea.
If Netanyahu continues his approach of backing Trump’s ideas to stay in his good graces, he could undermine Israel’s alliances with Jordan and Egypt, with nothing to show for it.
Trump and Netanyahu have much they can accomplish together. They can put an end to Iran’s nuclear program, cement Israel’s place in the region, and go after hostile organizations like the courts in The Hague and various UN agencies. Wasting energy and political capital on Trump’s Gaza idea is not the ideal way to take advantage of the potential created by the current alignment of political stars.
And it is hard to predict the effect Trump’s proposal will have on hostage talks. It could convince Hamas that holding on to the male hostages is the only way to keep him from moving ahead with his Gaza program. And it gives the terror group the opportunity to present itself to the Palestinians and the Arab world as the one force fighting to keep Gazans in their homes against US-Israeli designs.
Israelis protest for the release of Israelis held hostage by Hamas terrorists in Gaza, at “Hostage Square” in Tel Aviv, February 1, 2025. (Avshalom Sassoni/Flash90)
At the same time, there is opportunity for Netanyahu in the chaos. Israel’s demands for Gaza — Hamas leaders in exile, its fighters disarmed, and a new international consortium overseeing the Strip — may suddenly seem reasonable and desirable to regional players compared to Trump’s suggestion. Moreover, the prime minister can curry favor in Egypt and Jordan if he quietly moves Trump away from the expulsion idea.
Even if the plan is a nonstarter, it could have another important benefit. Trump isn’t afraid of challenging conventions and forcing leaders to disabuse themselves of old, tired notions. Moving Gazans to Arab countries might not work, but neither will ending the war while Hamas remains the strongest force in Gaza.
New ideas are needed for Gaza, and for the Palestinian issue in general.
Trump might be detached from reality in the region, but his willingness to move beyond decades-old failed ideas could open the debate to novel approaches to the Palestinian issue, a challenge in desperate need of creative solutions in the coming years.
END
ISRAEL/HAMAS/USA ET AL
well said…….a must read!!
Trump is ‘beating the grass’ in the Middle East to startle the snakes in Gaza – analysis
Trump is floating a proposal that will “beat the grass” in the Middle East. The goal may not be purely what he says it is.
By SETH J. FRANTZMANFEBRUARY 5, 2025 15:51Updated: FEBRUARY 5, 2025 15:56
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, U.S. February 4, 2025(photo credit: REUTERS/ELIZABETH FRANTZ)
Rather than tinker away at old solutions that haven’t worked, he is proposing that Gazans be re-settled somewhere else and that Gaza be rebuilt in the long term.
This is different than reconstruction in the past, where Hamas and Gaza siphoned off the construction in order to build tunnels.
The Trump plan for Gaza is taking shape. However, it’s clear it will receive pushback in the region.
Egypt and Jordan don’t want to take in hundreds of thousands of Gazans.
Palestinian houses stand badly damaged during the ongoing Israeli military operation, amid Israel-Hamas conflict, in Beit Lahiya, in the northern Gaza Strip, December 18, 2024. (credit: REUTERS/Stringer TPX IMAGES OF THE DAY)
Qatar and Turkey, two US allies, both have backed Hamas and won’t want to see it lose its Gaza real estate.
It’s not even clear if Israel will be completely on board with this plan since Israel’s policy over the last decade and a half has come to accept Hamas rule in Gaza.
Even during fifteen months of war, the Israeli government never came up with a plan to remove Hamas from Gaza.
The real story behind Trump laying down a radical approach to Gaza can be found in the saying, “Beat the grass to startle the snakes.”
This idiom is often said to date from a 6th-century Chinese essay called “Thirty-Six Stratagems.” The concept is that in a conflict, you do something spectacular, such as beating the proverbial grass, and this leads the enemy to reveal their position.
The point is that if you do something unexpected, then the enemy may reveal their position. This doesn’t have to be related to war.
What could this be related to?
It could be related to policy and politics.
In essence, Trump is floating a proposal that will “beat the grass” in the Middle East. The goal may not be purely what Trump says it is.
Trump may assume that 1.7 million Gazans probably won’t want to leave Gaza. But if you beat the grass by proposing such a radical policy, it’s possible some countries in the region may realize the US is serious and may decide to approach the Gaza challenge with more candor.
Many countries in the region have viewed Gaza as a hot potato, and they want nothing to do with it.
This is one reason that Hamas has been allowed to rule Gaza since 2007.
In retrospect, it’s obvious Hamas should never have been allowed to rule Gaza. However, many countries didn’t care enough to stop it.
The EU walked away from a border monitoring mission on the Egyptian border. Israel looked on and let it happen. The US didn’t mind.
Egypt was fine with it. Hamas took over Gaza and has used it for almost twenty years to wage endless wars that have destroyed Gaza.
In retrospect, the whole region should have stopped this hell from materializing.
Hamas brought hell to Gaza. Hamas also received support from abroad, from Iran, Turkey, Qatar, and other countries.
Hamas also infiltrated the West and was able to even get a previous US administration to accept that Hamas leaders would reside in Qatar.
In addition, Hamas secured partnerships with UN organizations, media organizations, medical NGOs, and others in its takeover of Gaza.
Hamas infiltrated every aspect of life in Gaza to exploit it for war.
What will happen if Gazans leave?
Trump is beating the grass by proposing that all this will end now.
If Gazans leave, then Hamas can’t use them as human shields.
If Gazans leave, then Hamas can’t exploit, steal, and sell humanitarian aid.
This will put many UN jobs at risk as well because the UN counts on suffering in Gaza to profit.
It appears that some Hamas members moonlight as UN workers as well.
This is all part of the system of corruption and graft that underpins how Gaza was misruled by Hamas.
The concept of “beating the grass” will now stir up the Hamas snakes and all the countries’ NGOs and organizations that profit off the ruin of Gaza.
They will come forward now, perhaps, to fix the problem.
It might be that Trump can secure a win here, not by getting everyone to leave Gaza as under the “stirring” proposal, but by shocking everyone into finally stepping forward with a solution.
October 7 happened because everyone ignored Gaza and let Hamas get too strong.
Israel underestimated Hamas. Regional countries didn’t appear to devote any human intelligence resources to preventing another Hamas war.
Hamas has grown big and dangerous, killing more Jews in one day than at any time since the Holocaust.
This requires a radical change in Gaza. Israel has only said it wants to reduce Hamas’s “capabilities” and “governance” and prevent “threats” in Gaza. This is more tinkering.
What’s required is a major change.
Trump’s goal in floating his ideas may be to get countries to agree to be stakeholders in peace in Gaza rather than just rebuild it again and let Hamas run it and destroy it again.
end
ISRAEL/anti drone technology
Israel finishes testing 22 technologies for stopping drone attacks
A statement from the ministry mentioned both kinetic shootdowns and using counter-drones against attack drones.
The Defense Ministry on Wednesday announced that it completed a series of tests of 22 technologies for preventing drone attacks relating to nine defense companies working on the issue in parallel.
Sources said that at least some of the methods of defense from drones that were tested successfully involved kinetic shoot-downs.
Despite the claimed success, no defense officials would confirm a period of months, not even six months off, for a date when the new systems would be reliable and operational on a wide basis.
Defense Minister Israel Katz said “in the near term,” but top defense officials have been using such non-committal catch-phrases for well over half a year, including periods of time when Hezbollah drones repeatedly struck and killed Israelis.
Pictures that were publicized appeared to show a somewhat long-distance heavy machine gun anti-aircraft gun, with some similarities to the Vulcan anti-aircraft system the IDF used for decades until the 1980s.
Defense Minister Israel Katz while testing 22 tecnologies for stopping drone attacks, February 5, 2025 (credit: ARIEL HARMONI/DEFENSE MINISTRY)
The system did appear to be smaller, which might mean it might also be cheaper to produce, a key element for long-term defense, according to sources, given that the attack drones themselves are often very cheap.
A statement from the ministry mentioned both kinetic shootdowns and using counter-drones against attack drones.
In October 2024, the Defense Ministry announced that it had just held an event to try to expedite identifying and deploying new systems for defending against drones within months.
While the ministry statement was very optimistic about moving fast toward solutions, the defense establishment had already taken harsh criticism for months for moving too slowly and being too bureaucratic about addressing the drone threat.
Some current and former defense officials have said that the establishment is too used to expensive, advanced-sounding weapons and has trouble adapting to using low-tech retrograde solutions against low-tech threats like many of the simple and cheap but deadly drones Israel faces.
The Defense Ministry’s statement
According to a statement by the ministry, “This groundbreaking event showcased various solutions as part of an expedited competitive process initiated by the Defense Minister several weeks prior to rapidly develop innovative interception solutions in response to the evolving security landscape.”
Next, the ministry said, “The trial took place at a testing field in southern Israel, with the participation of eight Israeli industries, ranging from major companies (Elbit Systems, Rafael, and Israel Aerospace Industries) to startup firms, presenting technological solutions for UAV interception.”
“Solutions that meet the threshold requirements in the demonstration phase will advance to accelerated development and operational testing,” stated the ministry.
The statement issued on Wednesday seemed extremely similar to the statement from October 2024, though sources indicated that significant progress had been made in recent months.
Also, sources said that sometimes systems needed to be deployed in the field on various quiet limited trial bases before all their kinks and limits could be worked out.
The ministry has said that the defense industries deployed prototypes of their interception systems, which were developed with the ministry’s research and analysis division to demonstrate “UAV interception capabilities at various ranges and flight altitudes.”
Moreover, the ministry has noted, “After analyzing the trial results, the Ministry of Defense will select several technologies to enter an accelerated development and production process. This aims to deploy new operational capabilities within months. CEOs of defense industries and senior officials from the IDF and Ministry of Defense attended the trial.”
The ministry also noted that 20 American anti-drone experts were present to witness elements of the drills, something which will enhance bilateral defense cooperation.
Previous defense minister Yoav Gallant and current Defense Minister Israel Katz have both talked about the drone threat as a multi-arena threat originating from Iran, which supplies UAVs to Lebanon, Yemen, and Iraq, and even launches them itself. To face this threat, they have both said Israel must concentrate the national effort of all bodies dealing with the issue to produce operational solutions quickly.
Director General of the IMoD and IDF Chief of Staff nominee, Maj. Gen. (Res.) Eyal Zamir has stated that the ministry has invested hundreds of millions of shekels in developing, extensively procuring, and deploying defensive capabilities, adding that more recently, Gallant ordered “an unrestricted ‘green track’ for any entity—a major industry or a startup—that can deliver an effective solution.”
“These will constitute a more comprehensive defensive strategy with the laser system and other technologies we’re advancing,” Zamir has said.
Head of the DDR&D, Brig. Gen. (Res.) Dr. Daniel Gold has explained, “The defense establishment is committed to developing a holistic defensive response to the UAV threat, mirroring our approach to threats in higher aerial strata…encompassing detection, tracking, and interception layers.”
What were the products included on the list?
The ministry listed companies and their products included:
Elbit Systems: has presented IRON HAWK, an interceptor drone-based system for UAV interception, as well as demonstrated an advanced radar-based interception system with interceptor drones, a hard-kill drone-based defense system against missiles and drones, and an integrated 30mm cannon with radar-enabling long-range detection and interception.
Israel Aerospace Industries (IAI): has presented “Precise Falcon” and an additional advanced system for long-range interception capabilities, as well as presented the C-UAS development, an autonomous spatial system for handling UAV threats based on SOI. The solution includes a sensor array and distributed interception systems, including an advanced technology concept electric missile for long range, a short-range drone interceptor, and a 30mm cannon.
Rafael Advanced Defense Systems: has demonstrated TYPHOON, a 30mm projectile interception system for various threats, offering long-range capabilities and strategic asset protection, as well as the Mini Typhoon, a remote-controlled medium-range weapon system for aerial threat interception, alongside innovative drone-based interception systems.
AIROBOTICS: Exhibited an advanced system featuring a reusable UAV interceptor.
XTEND: Collaborated with AXIOMA and Elbit Systems to develop an advanced drone interception system.
GENERAL ROBOTICS: Introduced PITBULL, a system designed for medium-range projectile interception.
SMARTSHOOTER: Unveiled a unique development providing precise guidance for a broad spectrum of interception methods and threat types.
TAMAR – rapid and automatic firing defense weapons that were thought to be obsolete but now may be useful again against drones.
ROBOTICAN – demonstrated two advanced multi-purpose drone interception systems.
END
ISRAEL/EGYPT USA
US Diplomats Warn Trump That Sending Gazans To Egypt Will Destabilize Sisi Regime
Egypt will not be swayed to take in Palestinians from the Gaza Strip, US officials in the region have told the White House in recent days as they brace for the Trump administration to ramp up pressure on Cairo, Middle East Eye can reveal.
Trump has also said that Jordan will take in Palestinians ahead of King Abdullah II’s visit to Washington next week. The growing divide between diplomats and the White House has heightened tensions, pitting President Donald Trump and his closest advisers against career diplomats in the region, who are ferrying messages to Arab officials.
In the case of Egypt, US officials warned the White House that the controversial proposal could destabilize a close ally and that Egypt would not be susceptible to financial incentives, a senior US diplomat in the region told MEE.
The notion that Palestinians can be moved to Egypt, Jordan or any third country is widely regarded as ethnic cleansing of the besieged enclave and would likely violate international law.
Another mid-level US diplomat in the region working on this issue told MEE that the White House appeared “tone deaf” to the assessments of US diplomats and remained intent on pursuing the plan to send Palestinians to Egypt.
Last week, US Secretary of State Marco Rubio raised the topic in a phone call with his Egyptian counterpart, Badr Abdelatty, one of the officials told MEE. Both US officials say they expect the rift between US embassies in the region and the White House to widen following Israeli Prime Minister Benjamin Netanyahu’s meeting with Trump on Tuesday.
‘Pure demolition site’
Ahead of his meeting with Netanyahu at the White House, Trump reiterated his stance on Gaza, calling it a “demolition site” and saying that the best solution would be to “just clean out that whole thing”.
“It’s a pure demolition site. If we could find the right piece of land, or numerous pieces of land, and build them some really nice places with plenty of money in the area, that’s for sure. I think that would be a lot better than going back to Gaza,” he told reporters.
Steve Witkoff, Trump’s Middle East envoy, said on Tuesday that “solving where people will go” had become a “big issue”. Trump had initially said Egypt could take in refugees temporarily, but Witkoff indicated otherwise. “It is unfair to have explained to Palestinians that they might be back in five years. That’s just preposterous,” he said.
Both Trump and members of his administration said on Tuesday that it would take 10 to 15 years to rebuild Gaza, with Trump saying that it is “inhumane” to make people live in a place that’s “uninhabitable”.
Israel has made no secret of its desire for Egypt to accept Palestinian refugees from Gaza following its offensive on the enclave in response to the Hamas-led 7 October attacks. Egyptian officials at the time said accepting forcibly displaced Palestinians was a “red line”, and the discussion faded.
However, the ceasefire has shifted Israel’s priorities and the Trump administration’s public backing of the idea has emboldened Israel’s leadership. Trump’s son-in-law and former adviser, Jared Kushner, first proposed the forced displacement of Palestinians from Gaza in March 2024.
Egyptian officials remain publicly resolute in their refusal to accept Palestinians. President Abdel Fattah el-Sisi said last week that it was “an injustice that we cannot take part in”.
Egypt braced for cut in military aid
An Egyptian diplomat told MEE that Cairo is taking Trump’s rhetoric seriously and is preparing for the possibility that the $1.3bn in annual US security assistance could be suspended if the Trump administration attempts to use it as leverage.
Trump has generally maintained good relations with Sisi, whom he famously referred to as his “favorite dictator” in 2019.
According to the diplomat, Sisi has actually benefited from Trump’s rhetoric, as it has allowed him to embrace the popular Palestinian cause at a time when Egypt is struggling with debilitating economic crises.
The country has been grappling with currency devaluation and inflation. Last year, it secured a $7.6bn aid package from the European Union, split between grants and favorable loans.
Egyptian security services organized rare protests at the Rafah border crossing with Gaza on Friday in a show of defiance against Trump’s plea. The protests came two days after the US ambassador to Egypt, Herro Mustafa Garg, a career diplomat, visited the crossing.
Egypt has already taken in about 200,000 Palestinians from Gaza since the start of Israel’s war on Gaza, the source said. A neighborhood referred to as “Little Gaza” has sprung up in Cairo.
The Palestinian ambassador in Cairo put the official number lower, saying between 80,000 and 100,000 Palestinians had entered Egypt. The Egyptian diplomat also told MEE that Cairo is considering organizing protests in front of the US embassy as well.
Sisi rules Egypt with an iron fist and popular protests are not tolerated. Sisi came to power in a 2013 coup that toppled Egypt’s first democratically elected president, Mohamed Morsi.
“If I were to ask this of the Egyptian people, all of them would take to the streets to say ‘no’,” Sisi said last week. One Egyptian official with knowledge of the matter told MEE that while Sisi and his closest advisors have privately entertained the idea of accepting more Palestinians from Gaza, Egypt’s military establishment is adamantly opposed to any discussion.
END
ISRAEL/SAUDI ARABIA
HAMAS/ISRAEL//
end
ISRAEL/HAMAS
ISRAEL/ARAB TOWNS INSIDE ISRAEL
WEST BANK/ ISRAEL
END
SYRIA/RUSSIA
end
RUSSIA/UKRAINE/
Assassination Bombing At High-Security Area Of Moscow Kills Pro-Russian Ukrainian Separatist
Tuesday, Feb 04, 2025 – 09:45 PM
Another mysterious assassination of a pro-Russian official has rocked Moscow. Over the nearly three-years of the Ukraine war, there’s been a string of bombings and attacks against notable figures, such as the December killing of Lt Gen Igor Kirillov by a scooter bomb placed outside his Moscow apartment, or the 2022 killing of Darya Dugina in a car bombing likely intended for her father Aleksandr Dugin.
On Monday an explosion ripped through a Moscow apartment block located about 7 miles from the Kremlin complex, killing Armen Sarkisyan, a well-known leader of a pro-Russian military faction which has long been operational in eastern Ukraine. One of his bodyguards was also killed and others were injured.
State-run TASS called the blast an “assassination attempt” – after which Sarkisyan later died in the hospital. “The assassination attempt on Sarkisyan was carefully planned and was ordered. Investigators are currently identifying those who ordered the crime,” TASS quoted a police official as saying.
Whoever orchestrated the attack had to make it past layers of security. BBC describes of the scene as follows:
Images shared on social media show rubble and plaster strewn across a heavily damaged entrance hall with blown-out windows and doorways.
Olga Voronova, a 36-year-old mother of three who lived in the building next door to the explosion, told AFP news agency that she was “very scared” and did not understand how the blast could’ve happened.
“We have quite serious security guards, they ask every car at the checkpoints, we order passes for guests, even for family members,” she said.
Such a sophisticated covert bombing was likely the work of Ukrainian intelligence, or possibly US or Western intelligence (or possibly working in tandem with Kiev), or else a criminal element or even ‘inside job’ potentially based on internal Russian politics.
As for Ukraine, it’s SBU security services had essentially considered Sarkisyan a top terrorist who ran “illegal armed groups” and founded pro-Russian separatist militias.
He’s been on a most wanted list since 2014 for allegedly “organizing murders” during the Maidan events. He’s also been widely dubbed a “crime boss” in Ukrainian media.
The mayor of the town where Sakisyan was born – Horlivka, a city in Ukraine’s Donetsk region declared that Sargsyan’s “most significant achievement was the creation and leadership of a separate special forces battalion.”
New Peer-reviewed Study Again Confirms Childhood Vaccines Are Likely Responsible for Nearly 80% of the Autism Cases in US – Global ResearchGlobal Research – Centre for Research on Globalization
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA
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CANADA
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS WEDNESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0417 UP 45 BASIS PTS
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Last night Shanghai COMPOSITE CLOSED DOWN 21.11 PTS OR 0.65%
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Trading from Europe and ASIA
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silver:$32.33
USA dollar index early WEDNESDAY morning: 107.35 DOWN 42 BASIS POINTS FROM TUESDAY’s CLOSE.
The USA/Yuan, CNY ON SHORE CLOSED UP AT 7.2749 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2839)
TURKISH LIRA: 35.92 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.276
Your closing 10 yr US bond yield DOWN 7 in basis points from TUESDAY at 4.447% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.679 DOWN 7 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.197 DOWN 2 BASIS PTS.
GOLD AT 11;00 AM 2867.70
SILVER AT 11;00: 32.20
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: WEDNESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 52.52 pts or 0.61%
German Dax : UP 80.23 pts or 0.37%
Paris CAC CLOSED UP 14.72 pts or 0.19%
Spain IBEX CLOSED UP 163.90 PTS OR 1.32%
Italian MIB: CLOSED DOWN 137.87 PTS OR 0.38%
WTI Oil price 71,74 11 EST/
Brent Oil: 75.22 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 98.08 ROUBLE UP 2 AND 62/100
GERMAN 10 YR BOND YIELD; +2.3665 DOWN 3 BASIS PTS.
UK 10 YR YIELD: 4.4935 DOWN 8 BASIS POINTS
CDN 10 YEAR RATE: 2.998 DOWN 7 BASIS PTS.
CDN 5 YEAR RATE: 2.675 DOWN 7 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0405 UP 0.0033 OR 33 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2504 UP 0.0029 OR 29 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.481 DOWN 3 BASIS PTS//
JAPAN 10 YR YIELD: 1.280 UP 7 BASIS BASIS PTS.
USA dollar vs Japanese Yen: 152.67 DOWN 1.463 OR 146 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4325 UP .0014 BASIS PTS CDN DOLLAR DOWN 14 BASIS PTS
West Texas intermediate oil: 71.25
Brent OIL: 74.72
USA 10 yr bond yield DOWN 9 BASIS pts to 4.420
USA 30 yr bond yield DOWN 4 BASIS PTS to 4.638%
USA 2 YR BOND: DOWN 4 PTS AT 4.183
CDN 10 YR RATE 2.967 DOWN 5 BASIS PTS
CDN 5 YEAR RATE: 2.643 DOWN 4 BASIS PTS
USA dollar index: 107.48 DOWN 34 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 35.90 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 98.00 DOWN 2 AND 70/100 roubles
GOLD 2,865.60 (3:30 PM)
SILVER: 32.33 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 317.24 PTS OR 0.71%
NASDAQ 100 UP 91.25 PTS OR 0.42%
VOLATILITY INDEX: 15.97 DOWN 1.24 PTS OR 7.21%
GLD: $ 264.13 OR UP 1.63 PTS OR 0.62%
SLV/ $29.35 PTS OR UP 0.13 OR 0.49%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 248.17 PTS OR 0.98%
end
TRADING today ZEROHEDGE
ZEROHEDGE/HEADLINE CLOSING MARKETS
Gold Hits New Record High As ‘Shortage’ Worsens; Dealers ‘Stuffed On Gamma’ Sparks Another Stock Dump’n’Pump
END
USA DATA
US Trade Deficit Soars As Firms Front-Ran Trump Tariffs In December
Wednesday, Feb 05, 2025 – 08:45 AM
The US trade deficit widened dramatically at the end of 2024 on a surge in imports prior to the start of President Trump’s second term and his follow-through on the promise of sweeping tariffs.
The December shortfall in goods and services trade grew nearly 25% from the prior month to $98.4 billion (slightly bigger than expected), Commerce Department data showed Wednesday.
Source: Bloomberg
That culminated in a full-year deficit of $918.4 billion after the gap narrowed in 2023 by the most in 14 years…
Source: Bloomberg
The value of imports, unadjusted for inflation, increased 3.5% in December, while exports fell 2.6% as firms appeared to front-run the tariffs and loaded up on inventory…
Source: Bloomberg
Not a good sign for Q4 GDP but the ‘front-running’ pre-loaded inventories shift should be over by the end of January.
end
ADP
ADP generally gives a bullish report and they did not disappoint
(zerohedge/ADP)
American Goods-Producers Suffer Biggest Job Loss In 2 Years, Services Employment
Wednesday, Feb 05, 2025 – 08:26 AM
The US economy added 183k jobs in January according to ADP – the biggest addition since October. Additionally, December’s +122k print was revised dramatically higher to +176k…
Source: Bloomberg
… above January’s print was above all analysts’ expectations.
Source: Bloomberg
But…
“We had a strong start to 2025 but it masked a dichotomy in the labor market. Consumer-facing industries drove hiring, while job growth was weaker in business services and production,” said Nela Richardson, Chief Economist, ADP.
With Goods-producers seeing 6k job losses (the worst since Nov 2023) as Services soared 190k (the most since July 2023)
Source: Bloomberg
With Manufacturing hit hard once again…
Source: Bloomberg
Additionally, for the first time since March 2023, Job-Stayers saw wage growth accelerating…
Source: Bloomberg
So, does Powell care about manufacturing jobs or just all jobs? None of this signals a more dovish ‘data dependent’ Fed will move soon.
END
THIS IS NOT GOOD!
US Services Sector Surveys Plunged In January As Prices Rose & Orders Fell
Wednesday, Feb 05, 2025 – 10:05 AM
After an unexpected surge in US Manufacturing PMI surveys (Trump Effect?), despite slowing factory orders and a decline in manufacturing jobs (ADP), expectations for the American Services sector were considerably weaker.
Despite a resurgence in US macro ‘hard’ data in January, S&P Global US Services PMI tumbled to 52.9 in January from 56.8 in December (slightly better than the 52.8 flash print in Jan)
The ISM Services index also tumbled, from 54.0 to 52.8 (54.0 exp)…
Source: Bloomberg
Under the hood of the ISM Services index, new orders weakened dramatically, inflation declined but remains hot, but employment improved modestly…
Source: Bloomberg
An interesting pattern has emerged since Trump won the election…
Source: Bloomberg
The S&P Global US Composite PMI Output Index posted 52.7 in January, down from 55.4 in December but still signaling a solid monthly rise in business activity. The US economy remains the strongest compared to the rest of the majors but its lead is fading fast…
Source: Bloomberg
A renewed increase in manufacturing production coincided with a slower rise in services activity.
The rate of expansion in new business also eased in January, but the pace of job creation quickened and was the strongest since June 2022. Meanwhile, both input costs and output prices rose at faster rates.
“Service sector businesses reported a slowdown at the start of 2025, with activity levels growing at a reduced pace compared to the robust gains seen late last year. Looking at the manufacturing and services PMI surveys together, a 1.6% annualized GDP growth rate is signaled for January. That compares with a 2.4% growth signal for the fourth quarter of 2024, for which official data currently estimates a 2.3% GDP gain.
A marked upturn in hiring further supports the view that robust growth should resume. Manufacturing output also staged a welcome return to growth during the month which, if sustained, should feed through to benefit affiliated services such as transportation and logistics.
But they always have an excuse for weakness – and this time it’s the weather (cold storms in the winter???!!! who could have seen that coming?)
“However, at least some of this cooling off seems to be related to disruptions caused by unusually adverse weather, hinting that growth in the services sector could revive in February.
But there were some obvious signs of pressure points building…
“That said, the survey also recorded signs of softer demand conditions, notably where demand is heavily influenced by changing interest rate expectations, such as financial services. Business optimism has also cooled slightly, which is unlikely to have been influenced to the weather, reflecting some pull-back in the buoyant post-election optimism seen in December. It will therefore be interesting to watch the coming month’s data to see if the post-election honeymoon of improved optimism and resurgent demand has started to wane.
“Meanwhile, hopes of more rate cuts will be further diminished by the combination of increased hiring, reports of labor supply difficulties, and an upturn in price pressures.”
A glimmer of hope for the doves? Not if prices keep rising like this!~!
These are extraordinary times, and I mean that in every literal and historical sense I can muster.
Trump has started a revolution, it’s underway, and I am 100% here for it.
The short story is this is seismic. None of us have lived through what’s unfolding. Trump’s team is operating as if they are battling an internal foe that has taken over America and which seeks its destruction. If this is the case, then my view is they have correctly diagnosed the disease.
Things are breaking very quickly, but fortunately drinking from a firehose is my specialty. As I did during Covid, I will do my best to both catalog and explain the enormous impacts of what we’re currently experiencing.
Consider the issues we faced that nobody seemed to know what to do about, or how to even begin fixing.
The US has the least healthy, shortest-lived population out of every developed country.
The US spends the most, by roughly a factor of 2x more than all other developed countries on its health care, more accurately called sickcare.
US public high school students test out extremely poorly compared to other developed countries in math and reading.
The US government taxes heavily yet still slips $2 trillion deeper in the hole every year, and is more than $36 trillion debt.
Every year on an accrual basis the Social Security and Medicare/caid liabilities expand by many trillions and now total somewhere north of $200 trillion.
In other words, the US is broke, stupid, and fat. And it was getting worse with every passing year.
This is what the last election was actually about. A majority of people said, “Enough!” and voted for real change. Along the way the people who like the system exactly the way it is got nervous about Trump’s chances and tried to kill him in Butler PA on July 13th, 2024.
They missed.
And now the wrecking crew has arrived and is dismantling that sordid, pathetic, anti-American deep state apparatus. That’s what’s actually happening right now. You are living through an extraordinary time.
It’s going to be quite chaotic, possibly very expensive, and may well be have to go through an extensive period of dismantling before we can even begin to rebuild and repair all that has to be torn down.
Let’s consider the case of just the USAID entity. Started by Executive Order by John F. Kennedy, the idea was to dedicate some US funds to helping other countries get ahead. As with all things run by the US government, this noble beginning quickly morphed into a murky amalgam of CIA-run color revolutions, extensive funding of shadowy NGOs with bland names but dark objectives, and the usual fare of DC insider kickbacks and grifts.’
I’m sure it managed to do some helpful things too, but it mainly operated in stick vs carrot mode as it enforced US interests abroad.
A simple idea became a 10,000-person organization with a $40 billion budget.
Enter Trump and Elon Musk. This is the most astonishing of all possible headlines and stories to wake up to:
WASHINGTON—The U.S. Agency for International Development closed its headquarters to agency personnel on Monday following moves by Elon Musk’s Department of Government Efficiency to exert control over the foreign-aid organization.
An email to USAID personnel said that the move was taken by “Agency leadership.” The message said that replies should be directed to an email address that appears to be associated with Gavin Kliger, whose LinkedIn profile identifies him as a special adviser to the director of the Office of Personnel Management and who works for DOGE.
“At the direction of Agency leadership, the USAID headquarters at the Ronald Reagan building in Washington, D.C. will be closed to Agency personnel on Monday, February 3, 2025,” the email states.
Kliger and DOGE didn’t immediately respond to requests for comment.
If you are worried that there’s fraud in an accounting department, you have security march in, and tell everyone to stand up and leave the room because you don’t want to give the fraudsters the chance to clean the files. This is Trump & Elon’s way of saying that they think there’s some real dirt here which they want exposed.
Okay, that means it’s Game On!
The Deep State has been identified and USAID was like the left ventricle of that beating rotten heart.
Continuing with the WSJ article above, nobody was willing to go on record so the WSJ fell back on the old “unnamed officials” mode of weak-assed journalism that we’ve all grown to hate:
“It’s a coup,” said a current USAID official. It was unclear when, if ever, the agency would be up and running again, the official added.
From my perspective, the coup happened when JFK was shot and nobody was held to account, and ever since it’s been one long unbroken string of DC swamp creatures doing unspeakable things for fun and profit.
So, yes, there’s been a coup, but it’s not the one the “unnamed official” is complaining about.
As a reminder, the government is supposed to serve THE PUBLIC and be both responsible and accountable to the public. The USAID folks are aghast that suddenly the public might take a peek at what they’ve actually been up to.
The early results are not pretty.
USAID gave money lavishly to support violent mobs all over the globe, in this case Mike Benz revealing that Africa was a routine target:
If you’re wondering what that must have been like for those poor African nations suddenly beset with mob violence, look no further than various US cities during the 2020 BLM astroturf riots:
I will bet a large pile of money that we’re going to discover that somehow USAID money flowed into these riots. That’s a pretty safe bet given all the other things we’ve already learned including the fact that a FOIA document dump in August of 2024 revealed that USAID has been a hot bed of funding child sex trafficking, labor abuse, and social media threats:
From the same WSJ article already linked above, we have this totally appropriate quote by Elon Musk:
Musk said earlier Monday that Trump agreed with him that USAID should be closed, telling a live audience on his social-media site, X, that he “went over it with him in detail and he agreed that we should shut it down.”
Musk, during that same appearance, said that the administration was closing the agency because “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.”
“There is no apple. And when there is no apple, you just got to basically get rid of the whole thing, that’s why it has to go, it’s beyond repair,” he said
There is no apple. There is only a ball of worms.
In the real world, sometimes it’s just way faster and cheaper to start over. You don’t try and make something that is beyond repair better by pouring more into it. You have to burn it down and start over.
So if I were a USAID staffer, I’d be spiffing up my C.V. while thinking of Elon’s first arrival in the Twitter lobby after purchasing it:
Do we really doubt that the man who wrestled Twitter back from being an overt tool of Deep State censorship and ended up firing 80% of the existing staff while keeping the whole thing running smoothly is going to be any different while tearing apart USAID?
This is exactly what a majority of people voted for in 2024.
But Elizabeth Warren sure hasn’t managed to figure that out:
Yes, Liz, we did elect Elon too. That was part of the deal. We knew exactly who and what we were voting for.
If you are suddenly worried about unelected people doing things that might cause harm to people, then why were you (and continue to be) completely silent about the fact that USAID funneled tens of millions of dollars of direct monetary support to a Chinese research scientist working on coronaviruses who ended up being Patient Zero?
Kind of weird, right? You’d think something that was blamed for killing 1,000,000 Americans would somehow make your radar screen, but not old Liz Warren! No sir!
She’s worried that Elon might poke around in the USAID pile and discover that some of her pet disbursement schemes come under public scrutiny.
There’s a LOT more to unpack here, but the point is this. There’s a revolution underway and Trump is running it, and various odious DC swamp creatures are now scurrying like cockroaches after the kitchen light has been flicked on.
The Covid debacle ties back to 2014 which, coincidentally, is the year to which Team Biden backdated Fauci and Hunter’s pardons. That’s the same year, again coincidentally, that USAID began funneling money to Wuhan and Ukraine’s biolabs opened up.
It’s a ball of worms, and it’s about to have an entire box of salt dumped on it.
All of which is to ask, have you planted a garden? By which I mean are you ready? Because this is going to get really bumpy. The economy and financial systems may well crash or seize up.
And that’s if things go well. If the neocon/Deep State raccoons feel like they need to detonate something to survive, trust me, they will. That’s the wild card in all this, and why I continually beg, plead, and cajole people to consider taking steps to build their personal resilience.
DOGE Enters FBI Headquarters To Obtain Names Of 5,000 Agents Who Worked Jan. 6 Cases
Tuesday, Feb 04, 2025 – 04:13 PM
Update (1615ET): DOGE is at it again – kicking down the doors of FBI headquarters to obtain the names of roughly 5,000 agents who worked on Jan. 6 cases. This comes after the agency withheld specifics on those involved, such as their names.
Officials working for Elon Musk’s DOGE were spotted by CNN entering FBI headquarters on Tuesday to collect the information.
The U.S. Department of Justice (DOJ) has asked for the names of thousands of FBI employees who worked on investigations into the Jan. 6, 2021, breach of the U.S. Capitol.
Acting Deputy Attorney General Emil Bove in a Jan. 31 missive to Acting FBI Director Brian Driscoll directed the FBI to provide the names of all bureau personnel who investigated Jan. 6 and an unrelated terrorism case, Senate Democrats said in a Feb. 3 letter.
Driscoll told FBI workers in a separate message to the FBI workforce that the request encompasses thousands of employees across the country, including himself, “who have supported these investigative efforts.”
Bove warned that “additional personnel actions” could follow, Senate Judiciary Committee Ranking Member Dick Durbin (D-Ill.) said.
The DOJ did not respond to requests for comment.
An FBI spokesperson confirmed that Bove has requested information about FBI personnel.
“The FBI is currently working to respond to a request for information from the Acting Deputy Attorney General about current and former FBI personnel assigned to certain investigations or prosecutions, including the events that occurred at or near the United States Capitol on January 6, 2021,” the spokesperson told The Epoch Times in an email.
“The FBI will work within the law and policy to respond to official requests for information from the Department of Justice. To be clear, the FBI does not view anyone’s identification on one of these lists as an indicator of misconduct,” the bureau added.
Ed Martin, interim U.S. attorney for the District of Columbia, previously launched an investigation into why federal prosecutors brought a felony obstruction charge against hundreds of Jan. 6 defendants. Trump, after taking office, pardoned many people who had been charged over Jan. 6.
The new request for information comes after acting Department of Justice leadership terminated officials, including prosecutors involved in prosecuting Trump before he was elected, and six FBI executive assistant directors.
“I do not believe the current leadership of the Justice Department can trust these FBI employees to assist in implementing the President’s agenda faithfully,” Bove stated in his letter to Driscoll, Senate Democrats said.
Durbin and the other senators told Acting Attorney General James McHenry and Driscoll that the terminations, and reassignments that have also taken place, “deprive DOJ and the FBI of experienced, senior leadership and decades of experience fighting violent crime, espionage, and terrorism.” They asked for details about the actions.
Leaders of the Federal Bureau of Investigation Agents Association told members of Congress on Feb. 3 that the Department of Justice’s actions are threatening the jobs of thousands of FBI agents and “risk disrupting the bureau’s essential work.”
“Any review of Special Agents should follow established disciplinary procedures that provide the necessary due process and transparency to our nation’s law enforcement officers,” the group said.
McHenry and Driscoll are serving in acting positions as the Senate considers the nominations of Pam Bondi and Kash Patel to become, respectively, the attorney general and FBI director.
Patel said during his confirmation hearing that he would not act against FBI employees solely due to their work on probes into Trump.
“All FBI employees will be protected against political retribution,” he said.
“I will not politicize that office,“ Bondi said during her confirmation hearing. ”I will not target people simply because of their political affiliation.”
END
Anonymous FBI Agents Sue To Prevent Trump from Knowing Their Roles In J6, Mar-a-Lago Raid
Nine anonymous FBI agents filed a lawsuit Tuesday to prevent the Trump administration from learning their roles in the bureau’s Jan. 6 cases, as well as their involvement in the August 2022 raid on Trump’s Mar-a-Lago estate in Palm Beach.
The FBI agents filed their lawsuit on the heels of Acting Deputy Attorney General Emil Bove ordering FBI Acting Director Brian Driscoll to review thousands of agents and other bureau employees for potential termination.
The nine anonymous FBI agents said they were sent a survey on Sunday, asking them to explain their roles in the Jan. 6 cases and the Mar-a-Lago raid.
NEW: Read the survey sent to FBI agents about their involvement in hunting down Jan. 6 protestors. pic.twitter.com/mNw77UpW3g
“Some Plaintiffs were required to fill out the survey themselves, others were told that their supervisors would be filling out the form. Plaintiffs were informed that the aggregated information is going to be forwarded to upper management,” the FBI agents said in their lawsuit.
“Plaintiffs reasonably fear that all or parts of this list might be published by allies of President Trump, thus placing themselves and their families in immediate danger of retribution by the now pardoned and at-large Jan. 6 convicted felons,” they said, arguing: “Defendant’s gathering, retention, and disclosure of Plaintiffs’ activities related the acts of former President Trump is a violation of Plaintiffs’ rights under the First Amendments to the Constitution.”
The FBI agents asked a federal judge to “enjoin the aggregation, storage, reporting, publication or dissemination of any list or compilation of information that would identify FBI agents and other personnel, and tie them directly to Jan. 6 and Mar-a-Lago case activities.”
Along with airing their grievances, the FBI agents retreaded disinformation about the Jan. 6 case that was spread by the Biden administration.
For example, they said J6ers acted violently at the urging of Donald Trump, when Trump specifically told them to remain peaceful.
The agents also falsely said rioters “caused” the fatality of a law enforcement officer, and that five police officers have died “as a result of what transpired during the Jan. 6 attack.” As has been widely documented, no police officers were killed by protestors. Officer Brian Sicknick was assaulted during the event, but he walked away from the protest and died the next day of natural causes.
9 libtarded FBI agents recycle the same played-out lies. They also said their info has already been leaked on the "dark web" by "Jan. 6 convicted felons." Big if true! https://t.co/LJeVuQojPVpic.twitter.com/E39aFLJan9
Additionally, the lawsuit claimed that “Jan. 6 convicted felons” have leaked their personal info on the “dark web.” Although it’s possible this is true, the agents didn’t provide any evidence.
Ken Silva is a staff writer at Headline USA. Follow him at x.com/jd_cashless.
END
Trump Withdraws From UN Human Rights Council, End Funding To UNRWA
Tuesday, Feb 04, 2025 – 08:55 PM
President Donald Trump signed an executive order on Tuesday withdrawing the United States from the UN Human Rights Council, UNRWA, and UNESCO – ending funding to the UN agency which deals with Palestinian refugees.
BREAKING: Trump signed an Executive Order withdrawing U.S. support from the UNRWA. Some UNRWA employees took part in Hamas' Oct 7th attack and helped Hamas hold hostages including American citizens.
Trump had previously withdrawn from the UNHRC and ended funding to the UNRWA in 2018, which was reversed by the Biden administration in 2021, before pausing funding to the UNRWA in 2024 over allegations that several of its employees were involved in the Oct. 7 attack on Israel by Hamas. Those employees were then fired.
As the Epoch Times notes further, the UNHRC and the UNRWA have come under fire by critics who say that both have expressed hostility toward Israel.
The UNHRC, according to the group, is “responsible for strengthening the promotion and protection of human rights around the globe and for addressing situations of human rights violations and making recommendations on them.”
Critics have pointed out that the UNHRC has included countries that violate human rights. Such countries on the council include China, Egypt, Burundi, and Venezuela.
In 2024, Congress passed, as part of a government funding bill, a measure to continue halting U.S. funding for UNRWA through March 2025.
The United States has given the most money of any country to UNRWA. In 2023, the United States gave the group $422 million.
The Epoch Times reached out to the United Nations for comment but did not receive a response by publication time.
UNRWA started in 1950 and, according to the agency, “has played an essential role for over 60 years since its establishment in providing vital services for the well-being, human development and protection of Palestine refugees and the amelioration of their plight, pending the just resolution of the question of the Palestine refugees.”
Its mission is to help Palestinian refugees “achieve their full potential in human development under the difficult circumstances in which they live, consistent with internationally agreed goals and standards.”
However, critics say that UNRWA is a breeding ground for hatred toward the Jewish state through its schools and that Hamas uses its facilities to store weapons, including rockets, and hold hostages.
First Spy Plane, Now US Navy’s Nuclear-Powered Aircraft Carrier Spotted Off Mexico’s Coast
Wednesday, Feb 05, 2025 – 03:20 PM
Days after a US Air Force RC-135V/W Rivet Joint reconnaissance aircraft carried out a signals intelligence (SIGINT) operation over cartel-controlled areas in Baja California, the US Navy’s nuclear-powered aircraft carrier, the USS Nimitz (CVN 68), was spotted off Mexico’s northern coast on Wednesday afternoon.
According to Bloomberg ship tracking data, the USS Nimitz is transiting international waters off the coast of Punta Colonet, located in the northern section of Baja California. The vessel is currently underway at a speed of 8.8 knots.
The USS Nimitz has no scheduled port calls, and it remains unclear whether the vessel is involved in the Trump administration’s efforts to combat drug cartels (now labeled “foreign terrorists”) or if it will transit the Panama Canal for deployment elsewhere.
On Monday, flight tracking data showed a USAF RC-135V/W Rivet Joint reconnaissance aircraft conducted a SIGINT operation near cartel-controlled Baja California Sur.
BREAKING: Secretary of Defense Pete Hegseth just confirmed that the United States could now conduct special operations against Mexican cartels now that President Trump has declared them foreign terrorist organizations.
Trump’s shock weekend tariffs on goods from Mexico, Canada, and China were mainly tools to get neighboring countries on board with operations to “disrupt and dismantle” Mexican drug cartels, as well as prepare for the busting of command and control centers operated by Chinese transnational organized crime networks.
Here’s the latest US Navy fleet tracking map (courtesy of USNI News):
What’s important to note is that China’s “reverse opium wars” on America, think of it as hybrid warfare, is coming to an abrupt end under Trump.
Whether the nuclear-powered aircraft carrier will park itself off the coast of Baja California as a show of force against cartels or is simply transiting the area to access the Panama Canal for deployment elsewhere remains the big question.
State Farm Asks California Insurance Department For Emergency 22 Percent Rate Increase
California’s largest home insurer asked the state’s insurance department for a 22 percent emergency rate hike Feb. 3 after receiving thousands of claims following Los Angeles County’s catastrophic wildfires last month.
“State Farm helps people recover from the unexpected,” the company wrote in a press release Monday. “That is what we are doing in the wake of the wildfires.”
As of Saturday, the company had received more than 8,700 homeowners claims and paid more than $1 billion to customers after the Palisades and Eaton fires that started Jan. 7.
The fires killed at least 29 people and destroyed more than 16,000 homes and other buildings in what is expected to be the costliest fire in California’s history.
Damages and economic losses from the fires are expected to reach more than $250 billion, surpassing fire losses for the entire 2020 wildfire season in California, according to an AccuWeather estimate.
State Farm expects to ultimately pay out significantly more, as collectively these fires will be the costliest disasters in the history of the company, according to the statement.
The insurer asked the California Department of Insurance to immediately approve interim rate increases to help avert a “dire situation” for more than 2.8 million state policy holders, including 1 million State Farm homeowner customers.
If approved, the rate changes would be effective after May 1 for customers who renew their policies, according to the company.
“Insurance will cost more for customers in California going forward because the risk is greater in California,” State Farm wrote in the statement.
The rate increase would help State Farm to rebuild its capital, which is currently depleted, according to the company. A lack of capital could cause rating agencies to downgrade the company and jeopardize the company’s home insurance policy holders regarding mortgage backings, it said.
Over the last nine years, the company claims it has spent $1.26 for every $1 collected, resulting in more than $5 billion in underwriting losses.
State Farm was granted a rate increase by the state’s insurance department in January 2024 of 20 percent per homeowner for renewals.
The company announced in 2023 it planned to stop accepting new business for casualty and property insurance but would continue to write new auto policies in the state.
Another large insurer, Allstate, also stopped issuing new policies for commercial and residential properties. Other insurers also joined the group, blaming the state’s restrictive regulations that limited rate increases.
The state’s insurance department did not immediately return a request for comment about State Farm’s emergency rate hike Monday.
END
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 5, 2025 Issue 7424
Independent View of the News
China counters with tariffs on US products. It will also investigate Google. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. The tariffs would take effect next Monday… https://apnews.com/article/china-tariffs-us-trump-150fab3a44ec055845e47c82bde544c2
Xi’s Replay to Trump Tariffs Shows China Has More to Lose – BBG (No Schiff, Sherlock!) This time Xi only put tariffs on $14 billion worth of American products, a sliver of what Trump targeted, while taking other measures that showed off China’s ability to inflict further pain on US companies if needed… https://finance.yahoo.com/news/xi-careful-reply-trump-tariffs-120154217.html
China’s retaliatory tariffs against the US are trivial. So, the usual suspects bought stuff. Of course, ‘they’ focused their buying on Mag 7/Fang stocks. Trump said he “is in no hurry” to talk with Xi.
JOLTS Job Opening tumbled 556k in December, from 8.156m to 7.6m. 8 million was expected.
US Factory Orders declined 0.9% m/m in December. -08% was expected. However, November was revised to -0.8% from -0.4% (final doses of Bidenomics!).
ESHs opened at a daily high of 6069.00. They quickly headed south and remained in descent until they hit the daily low of 5987.00 (-82.00 from high) at 4 minutes after midnight ET. They then jumped to 6022.50 on a manipulation for the 1 ET Nikkei close. They then traded sideways until they broke lower minutes after the 3 ET European opening.
After declining to 5994.00 at 3:48 ET, ESH rallied steadily until they hit 6031.00 at 7:42 ET. They then traded sideways, with a slight downward bias, until they soared after the NYSE opening. ESHs hit a peak of 6066.75 at the 11:30 ET European close. They then fell to 6039.25 at 12:31 ET.
The Afternoon Rally took ESHs to 6068.50 at 14:36 ET. Because ESHs could NOT make a new high, some traders sold. ESHs fell to 6053.75 at 15:00 ET. ESHs then rallied to 6066.50 at 15:59 ET.
Positive aspects of previous session USHs were +12/32 at the NYSE close The DTJA and the NY Fang+ Index rallied sharply; the DJIA rallied moderately. Gasoline declined smartly.
Negative aspects of previous session Precious metals rallied smartly while cryptos sank.
Ambiguous aspects of previous session Is tariff angst over?
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6023.74 Previous session S&P 500 Index High/Low: 6042.48; 5990.87
Schumer and various Dem Reps surfaced on Tuesday to protest Musk and DOGE. Schumer unfathomable blamed DOGE for ‘taking our money!’ Yes, Chuck, that is the idea! Most Dems used incendiary and violent rhetoric, including calls for violence.
@WarClandestine: Schumer says Elon is “taking away our dollars” and “taking away everything we have”. The Dems are angry because Elon and Trump cut off the Deep State from their power source, our tax dollars. Their panic confirms everything. They know they are being hunted. https://x.com/WarClandestine/status/1886921302973317623
@RapidResponse47: “Shut down the city! We are at war!” says Rep. LaMonica McIver (D-NJ) — days after Minority Leader Hakeem Jeffries instructed his members to “fight” against President Trump’s agenda “in the streets.” https://x.com/RapidResponse47/status/1886915544722628850
@nicksortor: U.S. Air Force Intelligence aircraft have entered Mexican airspace after Mexico agreed to cooperate in fighting the cartels. This is practically UNHEARD OF. Pete Hegseth sent a warning to the cartels saying, “all options are on the table.” President Trump demanded 100% operational control of the border, and Hegseth is delivering.
GOP @RepWPH: 20,000 Federal employees have taken Trump’s buyout with more expected to leave.
On Tuesday, the FBI reported to the DoJ that 5,000 of its 13,000 agents were focused on Jan 6 protestors. @elonmusk: That is an insane misallocation of resources!
@KassyAkiva: Trump says the U.S. will take over the Gaza Strip. “The U.S. will take over the Gaza strip and we will do a job with it too. We’ll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site, and get rid of the destroyed buildings, level it out and create an economic development that will supply unlimited numbers of jobs and housing for the people of the area.”
After the close, Google reported Q4 EPS 2.15, 2.13 exp.; Revenue $96.47B, $96.62B exp.; Revenue ex-TAC $81.62B, $82.82B exp.; Cloud Revenue $11.96B, $12.19B exp. GOOGL sank as much as 9.1%.
Today – Google’s disappointing results to close out Fang reporting season should be negative for early trading. Typically, conditioned traders try to turn the market at some point during the 1st hour. So, the 1st Hour Indicator could be valuable today. A breach of the high or low could provoke a big move.
Expected Impact Earnings: DIS 1.42, MET 2.10, AFL 1.62, MAA 2.23, F .32, ORLY 9.74
Expected economic data: Jan ADP Employment Change 150k; Dec Trade Balance -$96.8B; Jan S&P Global US Service PMI 52.9, Composite PMI 52.5; Jan ISM Services Index 54; Richmond Fed Pres Barkin 7:30 ET and 9 ET, Chicago Fed Pres Goolsbee 14:30 ET, Fed Gov. Bowman 15:00 ET
ESHs -12.00; NQHs -53.25 (-120.25 on open); and USHs are -5/32 at 20:20 ET.
S&P Index 50-day MA: 5995; 100-day MA: 5892; 150-day MA: 5763; 200-day MA: 5640 DJIA 50-day MA: 43,741; 100-day MA: 43,132; 150-day MA: 42,177; 200-day MA: 41,350 (Green is positive slope; Red is negative slope)
S&P 500 Index (6037.88 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 is negative MACD is positive – a close above 6090.22 triggers a buy signal
The Senate confirmed Pam Bondi to be Attorney General. Fetterman was the lone Dem vote for her.
@nicksortor: TRUMP: “Look at all the fraud Elon Musk has found in USAID!” “It is a disaster—radical left lunatics.” “The people that get all that money, are they kicking it back to the people that gave it from government?”https://x.com/nicksortor/status/1886884494365614222
@elonmusk: All @DOGE did was check to see which federal organizations were violating the @POTUS executive orders the most. Turned out to be USAID, so that became our focus. When (GOP) @SenJoniErnst asked to review USAID financials, they threatened to sue her! Now, why would a US taxpayer funded organization do such a thing? Corruption.
CBS NEWS: Overseas USAID missions ordered to shut down, all staff will be recalled by Friday
@William_E_Wolfe: Amazon Prime cancels Rings of Power Season 3 after USAID grant funding for “Increased Racial Diversity and LGBT Representation among the Peoples of Middle Earth” gets axed by @DOGE.
@nataliegwinters: USAID was supposed to be the hotbed of resistance against Trump 2.0.They were going to launder money to international “democracy” NGOs and media outlet to attack President Trump. This is why they’re melting down big time. https://x.com/nataliegwinters/status/1886838651801477136
Winters claims Team Obama- Biden created a mechanism through USAID funding to provide legal services for “Whistleblowers” that would work to undermine Trump during his 2nd term…
@stillgray: Here’s how the USAID grift works: 1) If you want taxpayer dollars from the government, be a serial grifter like Bill Kristol. 2) Create an institute dedicated to “defending democracy.” 3) USAID then gives you money to “defend democracy.” Spend a portion of what they give you on kickbacks to Democrats’ campaigns and unpaid PR and push their agenda domestically or internationally. 4) Pay yourself a salary through the institute and profit.
@elonmusk: The corrupt politicians “protesting” outside the USAID building are the ones getting money from USAID.That’s why they’re there – they want your stolen tax dollars!
@JMichaelWaller: Federal law since 1998 has explicitly required USAID to be “under the direct authority and foreign policy guidance of the Secretary” of State. Since @SecRubio says this has not been the case, USAID has been operating illegally since 1998. https://x.com/JMichaelWaller/status/1886618740130807926
Unhinged Dems and media allies are whining that Trump is staging a coup against unelected executive branch officials! You can’t make this up!
@JMichaelWaller: Congressman Jamie Raskin, speaking at 0:40 on this video, represents the second largest USAID contractor, taking in $161.4 million in USAID “awards” in 2021. https://t.co/bA9qG1VEH9
@LeadingReport: 97% of all political contributions from USAID employees went to Democrat candidates, per Daily Wire.
USAID gave Ukrainian President Zelensky 25 post-election ‘red lines’, Mike Benz reports 70 NGOs backed by USAID issued him 25 “red lines” not to cross. These directives barred Zelensky from negotiating with Russia without USAID support, restricted his control over media institutions, banned the Russian language from state media, and limited his authority to enact certain energy and banking policies. Benz suggests President Donald Trump release a Ukraine “Twitter files” exposing the U.S. State Department and USAID’s social media censorship of the Ukraine-Russia war… https://justthenews.com/videos/usaid-gave-ukrainian-president-zelensky-25-post-election-red-lines-mike-benz-reports
@shellenberger: From 2004-2022, USAID was the largest US government funder of EcoHealth Alliance, the group that funded the Wuhan Institute of Virology (WIV), which likely started the Covid pandemic. We broke the story that WIV’s Ben Hu was one of three patients zero in 2023.
@stillgray: USAID funds Rockefeller Institute, which is funding the pro-Hamas protests in campuses across the US.
USAID is only about 0.7% of the US budget! Can you imagine the grift & fraud that occurs elsewhere? @elonmusk: Fraud in the federal government is closer to 10% of disbursements, so more like ~$700 billion per year.Outright waste is at least 15%, so another trillion+ dollars. Anyone who works in government knows this.
Resistance to Elon Musk’s DOGE team likely broke the law, federal prosecutor says The FBI was investigating the “targeting” of staff involved in Elon Musk‘s effort to slash the size of the US government… the first evidence that resistance to Musk’s effort could carry legal consequences, potentially chilling opposition by public workers concerned about what they see as overreach by DOGE. https://nypost.com/2025/02/03/us-news/resistance-to-elon-musks-government-team-likely-broke-the-law-us-prosecutor-says/
@jasondebolt: Elon is attacking corruption, and corruption is attacking Elon. It’s as simple as that. @elonmusk: That is exactly what is happening!
@Breaking911: Dem Rep. AOC says that @elonmusk “is one of the most unintelligent billionaires I’ve ever seen”. (Dems are so used to telling unchallenged whoppers that they are issuing self-mocking lies.)
@TheCalvinCooli1: Border Czar Tom Homan responds to New Jersey Governor Phil Murphy who revealed he was housing an illegal immigrant. Homan said: “I got a note of it. I won’t let it go. We’ll look into it. If he’s knowingly harboring and concealing an illegal alien we will seek prosecution.” https://x.com/TheCalvinCooli1/status/1886609279446024287
NJ Gov. Phil Murphy’s foes call for potential impeachment, resignation over Migrantgate: ‘Insane’https://trib.al/u8Yavrs
@GuntherEagleman: Tom Homan just confirmed that if a politician or advocacy group commits a felony by aiding and abetting an illegal alien, Pam Bondi will prosecute them… a large amount of NGOs that fuel the human trafficking crisis. Prosecute. Them. All. https://x.com/GuntherEagleman/status/1886605591952412765
Fox: FCC launches probe into Soros-backed radio station that revealed live locations of undercover ICE agents
@MZHemingway: Here’s Grassley’s floor statement and explanation of how the FBI’s internal assets at the New York Times ran cover for their BFF Tim Thibault after he was revealed to have improperly self-approved a case to go after political opponent Donald Trump. https://t.co/2iJTwjINBg
Harris campaign paid Cardi B and Obama tens of thousands of dollars for campaign appearances: Reporthttps://t.co/duW9iCgmGo
@Tim_Walz: Elon Musk is a terrible president. WH Communication Official @StevenCheung47: Tim Walz is a cuck.
Defense Secretary @PeteHegseth: In December 2024, the @USArmy had itsbest recruiting number in 12 years. In January 2025, the Army hit its best recruiting number in 15 YEARS. BOTTOM LINE: America’s youth want to serve under the bold & strong “America First” leadership of Donald Trump.
@DeAngelisCorey: Chair of the Texas House Democrats just said parents send their kids to private school “so they don’t have to have their kids with your kids.” He sends his kids to private school.https://t.co/x8R2vOtWqV
Umpire Pat Hoberg fired by MLB for sharing sports gambling accounts with friend who bet on baseballhttps://t.co/lD7htOAAty
“One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and again.” — Thomas Sowell
SWAMP STORIES FOR YOU TONIGHT
“Completely Unhinged”: Screaming Democrats Call Musk A “Nazi”, Bash DOGE, Amid Meltdowns Outside Treasury Building
Tuesday, Feb 04, 2025 – 08:05 PM
A group of far-left lawmakers from the Democratic Party gathered outside the Treasury Building on Tuesday evening, calling Elon Musk a “Nazi” while telling their supporters, “We’re at War.” The protest unfolded amid the Trump administration’s push to wind down USAID and roll it into the State Department under Secretary of State Marco Rubio’s oversight.
The comments by radical lawmakers are shocking…
Democrat Congresswoman LaMonica McIver (NJ): “Shut down the city! We are at war!”
Democrat Congresswoman LaMonica McIver (NJ):
“Shut down the city! We are at war!"
This is days after Minority Leader Hakeem Jeffries instructed his members to "fight" against President Trump's agenda "in the streets." pic.twitter.com/vJB7GOp9BZ
Democrat Congresswoman Maxine Waters (CA): “We have got to tell Elon Musk, nobody elected your a$$!” (should we tell Waters that no one elected George Soros and far-left globalist billionaires to destroy the nation…)
NEW: Maxine Waters looks like she is about to have an aneurysm as she has a meltdown over Elon Musk weeding out fraud and abuse in the federal government.
This is what happens when don’t let these crooks abuse taxpayer money.
Democrat Congresswoman Becca Balint (VT): “Every movement needs a scrappy little dyke, and I am that person!”
More Unhinged, incendiary rhetoric from Democratic lawmakers. What happened to the party of peace and love?
🚨Unhinged, incendiary rhetoric from Democrats is ramping up: Rep Jasmine Crockett promises Republicans that Democrats will “be in your face, and on your *sses” —
“Let me tell you something, Mr. Trump. You gonna learn a few lessons from us, and and I'll be the first one. You… pic.twitter.com/p1J01H0yvi
With USAID’s funding stream drying up, Democrats now face a new challenge: finding new sources to finance professional protesters/rioters. Paging Alex Soros.
END
THEN THIS!! HORRIFYING
MANY ARE GOING TO JAIL WITH THIS!
Politico, NY Times Propped Up By Millions Of Dollars From US Government
Wednesday, Feb 05, 2025 – 10:20 AM
On Tuesday, staffers at Politico were notified that a ‘technical error’ had prevented paychecks from going out. Many joked that this had something to do with the Trump administration putting a freeze on USAID funding.
And while there’s no evidence the two are linked, the suggestion prompted internet sleuths to look into Politico‘s sources of funding. What they found was absolutely shocking.
According to government spending tracker website USASPENDING.gov, Politico – which laundered the Hunter Biden ’51 intel officials’ propaganda during the 2020 election – received up to $27 million (and by some counts $32 million) from various US agencies during the Biden years.
END
AND NOW THIS;
Scattered To The Winds: Entire CIA Gets Trump Buyout Offer, USAID Employees Placed On Leave Worldwide
Wednesday, Feb 05, 2025 – 11:40 AM
With the Trump administration in its third week of its blitzkrieg against the deep state – led by Elon Musk and his genius-level team of DOGE employees, the Wall Street Journalreports that the entire Central Intelligence Agency has been offered the same ‘buyouts’ as every other member of the federal government.
The Central Intelligence Agency offered buyouts to its entire workforce Tuesday, in what officials said is a bid to bring the agency in line with President Trump’s priorities, including targeting drug cartels.
The CIA appeared to be the first intelligence agency to tell its employees that they can quit their jobs and receive about eight months of pay and benefits as part of Trump’s push to downsize the federal government. The offer last month made to most civilian federal agencies exempted some categories of federal workers, including those with national security roles.
And given the theme of the new administration seems to be ‘we can do this the easy way, or the hard way,’ we suspect mass layoffs will follow for those who don’t take the deal.
According to a CIA spokeswoman, the move was part of an effort to “infuse the agency with renewed energy.” Whatever that means.
In other news, thousands of employees from deep state slush-fund USAID will be placed on leave starting Friday night, in a worldwide order that would affect all “direct-hire personnel” except those on “mission-critical functions, core leadership and specially designated programs.”
In a Tuesday statement on its website, USAID said that it would work with the State Department (which it was recently folded into) to arrange and pay for return travel for its various personnel stationed around the world within the month. Those employees who fall under the exception will be notified by Noon EST on Thursday.
USAID employs roughly 10,000 people worldwide, 2/3 of whom work overseas, according to the Congressional Research Service.
Earlier this week, Trump placed USAID under the control of Secretary of State Marco Rubio, who became acting head of the organization.
While we know USAID is a slush fund for all sorts of evil malarkey – including funding Burisma, the Wuhan Lab, and Soros orgs, here’s a list of “ridiculous projects” to chew on, courtsey of @RapidResponse47, an official Trump admin account.
— $7.9 million to teach Sri Lankan journalists how to avoid “binary-gendered language”
— $20 million for a new Sesame Street show in Iraq
— $4.5+ million to “combat disinformation” in Kazakhstan
— $1.5 million for “art for inclusion of people with disabilities”
— $2 million for sex changes and “LGBT activism” in Guatemala
— $6 million to “transform digital spaces to reflect feminist democratic principles”
— $2.1 million to help the BBC “value the diversity of Libyan society”
— $10 million worth of USAID-funded meals, which went to an al Qaeda-linked terrorist group
— $25 million for Deloitte to promote “green transportation” in the country of Georgia
— $6 million for tourism in Egypt
— $2.5 million to promote “inclusion” in Vietnam
— $16.8 million for a SEPARATE “inclusion” group in Vietnam
— ~$5 million to EcoHealth Alliance, one of the key NGOs funding bat virus research at the Wuhan lab
— $20 million for a group related to a key player in the Russiagate impeachment hoax
— $1.1 million to an Armenian “LGBT group”
— $1.2 million to help the African Methodist Episcopal Church Service and Development Agency in Washington, D.C., build “a state-of-the-art 440 seat auditorium”
— $1.3 million to Arab and Jewish photographers
— $1.5 million to promote “LGBT advocacy” in Jamaica
— $1.5 million to “rebuild” the Cuban media ecosystem
— $2 million to promote “LGBT equality through entrepreneurship” in Latin America
— $500K to solve sectarian violence in Israel (just ten days before the Hamas October 7 attack)
— $2.3 million for “artisanal and small scale gold mining” in the Amazon
— $3.9 million for “LGBT causes” in the western Balkans
— $5.5 million for LGBT activism in Uganda
— $6 million for advancing LGBT issues in “priority countries around the world”
— $6.3 million for men who have sex with men in South Africa
— $8.3 million for “USAID Education: Equity and Inclusion”
— USAID’s “climate strategy” outlined a $150 billion “whole-of-agency” approach to building an “equitable world with net-zero greenhouse gas emissions.”
For decades, USAID bureaucrats believed they were accountable to no one — but that era is over.
Oh wow, an $8 million USAID payout to an organization whose Chairman is: Elizabeth Schuler, the AFL-CIO President.
Fun fact: they removed the leadership page from their website after I exposed this on another $12 million DOL grant they received for activities in Brazil https://t.co/76zxNUGIhJ
Dr. Jerome Corsi has a Harvard PhD in political science. He has written more than 30 books with many of them becoming best-sellers. Dr. Corsi’s latest project is about voter fraud. Corsi says he can prove Donald Trump really did win in 2020. There were also countless down-ballot thefts in 2020 and in 2024. Dr. Corsi and others have uncovered a grand scam that dates back to the early 2000’s that has cheated people into office that actually lost. The architects of the steal can be traced back to U.S. intel agencies. Dr. Corsi created a website for this project called GodsFiveStones.com and explains, “GodsFiveStones.com is named after the David and Goliath Bible story. This is when David picks up five smooth stones from the brook, and they are the exact ones needed to kill Goliath. That’s what we are aiming to do is to kill this Goliath of voter fraud.”
The voter fraud is hidden in the voter rolls that every state government maintains. Corsi says, “You look at state records, and there might be 12 million records and there might be 2 million false records. They look legitimate until you really analyze them, and then you realize they are duplicates or clones. If you send out people to canvas them, there is nobody there. They are falsified and hidden in the data base. It’s like a card marking scheme. . . . They did not use the algorithms in the 2024 Election for President because we were on the lookout for it. The down-ballot elections (House, Governor and Senate) used these algorithms, and they cheated.”
Corsi estimates they cheated 20 House Democrats and 5 Democrat Senators into office in 2024. His group is already bringing cases in places like Florida. Eventually, the Trump DOJ and FBI will prosecute this sort of voter fraud embedded in every state election data base. Many state election officials do not even realize this sort of fraud is embedded in their systems. Corsi believes this complicated voter fraud algorithm was planted by U.S. intel agencies. Dr. Corsi says, “There is no task more important. If we don’t have legitimate voting, nothing else really matters because we will have lost our freedoms. If the intelligence agencies have decided to run our elections, I think we are going to find out how much lying they have done to us. . . . There could be treason charges in this, and there should be treason charges in this. Whoever figured this scheme out and put it in, committed treason because they took away the legitimacy of the vote.”
The President was recently briefed about this voter fraud scheme. Dr. Corsi says this is now a top priority of the Trump Administration. Trump has long contended that he won the 2020 Election, and Dr. Corsi says his group and the data it has uncovered can prove Trump is right. Corsi says, “If we don’t fix this, we will never have another fair election. If we don’t fix this, we have lost our democracy, we have lost our freedoms. We were very close to losing our freedoms as it was. If we would not have found these algorithms and exposed them, I don’t think Donald Trump would have won in 2024. They can steal as many votes as they need to steal an election. The only limitation is when they have to steal so many, it becomes apparent. If you go to GodsFiveStones.com, you can see all the data for free.”
There is more in the 57-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One on One with Dr. Jerome Corsi where he uncovers election fraud and treason done by our own intel agencies.
After the Interview:
To keep up with the progress of the massive voter fraud uncovered by Dr. Corsi, go to GodsFiveStones.com.
harveyorganblog.com 
