FEB 10/ISRAEL UPDATES//EARLY MONDAY MORNING CURRENCY GOLD PIERCES THE $2900 VEIL BUT SILVER PRICE STILL HELD HOSTAGE//FRBNY COVERS A HUGE 66 TONNES OF GOLD FROM THEIR MASSIVE SHORTFALL AS THEY CAPITULATE// MONDAY MORNING HEADLINES INCLUDING TRUMP TO INITITATE 25% TARIFFS ON EUROPE ALUMINUM AND STEEL//EARLY MONDAY MORNING ECONOMIC NEWS AND SWAMP STORIES//ED DOWD WITH GREG HUNTER//SEE YOU TUESDAY AFTERNOON
072 C GOLDMAN 115 092 C DEUTSCHE BANK 9 104 C MIZUHO 3 118 C MACQUARIE FUT 666 2 118 H MACQUARIE FUT 107 132 C SG AMERICAS 11 190 H BMO CAPITAL 181 323 C HSBC 1148 323 H HSBC 142 332 H STANDARD CHARTE 127 363 C WELLS FARGO SEC 20 363 H WELLS FARGO SEC 72 435 H SCOTIA CAPITAL 203 624 C BOFA SECURITIES 17 624 H BOFA SECURITIES 175 657 C MORGAN STANLEY 207 657 H MORGAN STANLEY 534 661 C JP MORGAN 800 686 C STONEX FINANCIA 18 28 690 C ABN AMRO 4 8 709 C BARCLAYS 158 709 H BARCLAYS 67 730 C PTG DIVISION SG 4 732 C RBC CAP MARKETS 205 737 C ADVANTAGE 5 10 880 C CITIGROUP 38 905 C ADM 16
TOTAL: 2,550 2,550 MONTH TO DATE: 55,127
JPMorgan stopped (received) 800/2550 contracts
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 2550 NOTICES FOR 25,5000 OZ 7,9315 TONNES
total notices so far: 55,127 contracts for 5,512,700 Oz (171.469 tonnes)
FOR FEB.
SILVER NOTICES: 0 NOTICE(S) FILED FOR NI; OZ/
total number of notices filed so far this month : 3327 for 16.635 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $10.75 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
NO CHANGES IN GOLD INVENTORY AT THE GLD:
INVENTORY RESTS AT 864.19 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.26 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 1.73 MILLION OZ OUT OF THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 428.660 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUMONGIZED SIZED4309CONTRACTS TO 165,139, AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR LOSS OF $0,26 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A HUMONGOUS LOSS OF 3324 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE//FRIDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON FRIDAY 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 SUCCEEDED A BIT ON FRIDAY WITH SILVER’S FALL IN PRICE BY 26 CENTS. WE HAD A HUGE T.A.S. LIQUIDATION FRIDAY COUPLED WITH ANOTHER NEW MEGA MEGA HUGE T.A.S. ISSUANCE OF 6185 CONTRACTS ISSUED BY THE CME AND THAT SIGNALS DEEP CODE 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 95 CENTS AND A LEASE RATE OF 6%. WE HAD A HUGE 950 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR MEGA HUGE 6185 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE LOST A HUMONGOUS SIZED 3324 CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT FRIDAY’S COMEX TRADING SESSION//RAID!
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 THIS WEEK’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 FRIDAY NIGHT/SATURDAY MORNING: A HUGE 6185 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
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.26 BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS DESPITE HAVING A HUGE LOSS IN OUR TWO EXCHANGES OF 3324 CONTRACTS WE HAD A MASSIVE LIQUIDATION OF T.A.S. CONTRACTS ACCOUNTING FOR ALL OF THE LOSS IN OI.
WE HAD A MEGA HUGE 950 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 594 CONTRACT QUEUE JUMP FOR 0.4400 MILLION OZ OZ
// STANDING FOR SILVER//FEB ADVANCES TO 18.965 MILLION OZ
WE HAD:
/ MEGA HUMONGOUS SIZED COMEX OI LOSS +// A MEGA HUGE SIZED EFP ISSUANCE/ VI) MEGA MEGA HUMONGOUS SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 6185 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED 207 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 6 DAYS, total 5386 contracts: OR 26.930 MILLION OZ (897 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 26.930 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. 26.930 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE
RESULT: WE HAD A MEGA HUMONGOUS SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4309 CONTRACTS DESPITE OUR SMALL LOSS IN PRICE OF SILVER PRICING AT THE COMEX// FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE CONTRACTS: 950 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 HUGE QUEUE JUMP OF 0.44 MILLION OZ TO LONDON//NEW STANDING ADVANCES TO 18.965 MILLION OZ
WE HAVE 1). A MEGA HUMONGOUS SIZED LOSS OF 3324 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR LOSS IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUGE 6185, CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//MONSTER FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON THURSDAY WITH THE GAIN IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE FRIDAY NIGHT (6185) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 0 NOTICE(S) FILED TODAY FOR 0 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 3316 OI CONTRACTS TO 532,894 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.)
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A STRONG SIZED 2146 CONTRACTS//
WE HAD A FAIR SIZED DECREASE IN COMEX OI (3316 CONTRACTS) OCCURRED DESPITE OUR GAIN OF $10.75 IN PRICE FRIDAY. 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 HUGE 388 CONTRACT QUEUE JUMP//38,800 OZ (1.206 TONNES)
/NEW STANDING ADVANCES TO 190.444 TONNES + 9.3264 TONNES EXCHANGE FOR RISK/PRIOR + TODAY;S 8.8149 TONNES = 208.5853 TONNES.
/ ALL OF THIS HAPPENED WITH OUR $10.75 GAIN IN PRICE WITH RESPECT TO FRIDAY’S COMEX ///. WE HAD A SMALL SIZED GAIN OF 326 OI CONTRACTS (1.01 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 STRONG SIZED 1726 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 530,738
IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 326 CONTRACTS WITH 1170 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 2990 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 1820 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 1726 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A HUMONGOUS SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2990 CONTRACTS) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 3316 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 326 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 MAMMOTH QUEUE JUMP OF 388 CONTRACTS FOR 38800 OZ (1.206 TONNES). AND THEN WE ADD OUR 4 EXCHANGE FOR RISK TOTALS OF 18.1413 TONNES//NEW TOTAL OF GOLD STANDING AT THE COMEX ADVANCES TO 208.5853 TONNES
.
NEW STANDING FOR FEB ADVANCES TO:
190.444 TONNES NORMAL DELIVERY (INCLUDING TODAY’S 8.8149 TONNES QUEUE TUMP + .3114 TONNES OF EXCHANGE FOR RISK/PRIOR + 1.55 TONNES EX FOR RISK/PRIOR + 7.465 TONNES//PRIOR TOTAL = 208.5853 TONNES
//NEW STANDING FEB: 208.5853 TONNES WHICH IS THE HIGHEST EVER GOLD STANDING FOR A FEBRUARY DELIVERY MONTH. AND FOR ANY COMEX MONTH.
/ 3) HUGE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE THURSDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $10.75 PRICE GAIN , WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A GAIN OF 1820 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED FRIDAY 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) FAIR SIZED COMEX OPEN INTEREST DECREASE 5) HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 1726 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: 24,906 CONTRACTS OF 2,490,600 OZ OR 77.47 TONNES IN 6 TRADING DAY(S) AND THUS AVERAGING: 4383 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 6 TRADING DAY(S) IN TONNES 77.47 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 77.47 DIVIDED BY 3550 x 100% TONNES = 2.18% 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: 77.47 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A GOOD SIZED ISSUANCE THIS MONTH)
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF FEB. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A HUMONGOUS SIZED 4309 CONTRACTS OI TO 165,139 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 985 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 985 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 985 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 183 CONTRACTS AND ADD TO THE 985 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 3324 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 16.620 MILLION OZ OCCURRED DESPITE OUR $0.26 LOSS IN PRICE
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS MONDAY MORNING FRIDAY NIGHT
SHANGHAI CLOSED UP 18.50 PTS OR 0.56%
//Hang Seng CLOSED UP 388.44 PTS OR 1.84 %
// Nikkei CLOSED UP 14.15 OR 0.04%//Australia’s all ordinaries CLOSED DOWN 0.34%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.3057CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3095// Oil UP TO 72.03 dollars per barrel for WTI and BRENT DOWN AT 75.66 Stocks in Europe OPENED ALL GREEN
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED3316 CONTRACTS TO 530,738 DESPITE OUR STRONG GAIN IN PRICE OF $10.75 WITH RESPECT TO FRIDAY’S TRADING. WE LOST ZERO NET LONGS HOWEVER WITH THAT PRICE GAIN FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A STRONGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2990) . THE CME ANNOUNCED FRIDAY NIGHT, MERCILESSLY ANOTHER MAMMOTH EXCHANGE FOR RISK CONTRACTS, NUMBERING 2834 FOR 283,400 OZ. OR 8.8149 TONNES OF GOLD. THE LAST MONTH OF JANUARY WE HAVE WITNESSED THE HIGHEST NUMBER EVER RECORDED EXCHANGE FOR RISK ISSUANCE AT 6 FOR 43.208 TONNES AND SO FAR IN FEBRUARY: FOUR NOW TOTALLING 18.1413 TONNES!. 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
THE COUNTERPARTY TO THE BANK OF ENGLAND’S EXCHANGE FOR RISK ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED AND THUS THE BUYER, THE CENTRAL BANK OF ENGLAND, ASSUMES THE RISK OF THAT DELIVERY.
THUS IN TOTAL WE HAD A SMALL SIZED LOSS ON OUR TWO EXCHANGES OF 326 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON THURSDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED RAID AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THE DAILY ATTACKS WITH THE CONTINUAL LIQUIDATION OF T.A.S. CONTRACTS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS. LONDON ANNOUNCED LATE THURSDAY NIGHT (JAN 30) 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 SEVERAL WEEKS. NO DEFAULT HAS BEEN INITIATED AS DEALERS ARE AFRAID OF LOSS OF THEIR JOBS. SO THIS FRAUD CONTINUES. THE LEASE RATES IN LONDON HAVE NOW CLIMBED TO 10% AS GOLD IN LONDON IS NOW EXTREMELY SCARCE. WE CAN NOW SAFELY SAY THAT THERE IS A RUN ON A BANK AND THAT BANK IS THE BANK OF ENGLAND!!!
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. FRI NIGHT THEY ISSUED A STRONG 1726 CONTRACT ANNOUNCEMENT (FRIDAY NIGHT/SATURDAY MORNING).
THE FED IS THE OTHER 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, 207 208 AND TODAY’S 209, 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.
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 STRONG SIZED 2990 EFP CONTRACTS WERE ISSUED: : /FEB 2990 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2990 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED TOTAL OF 326 CONTRACTS IN THAT 2990 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR SIZED LOSS OF 3316 COMEX CONTRACTS..AND THIS FAIR SIZED GAIN ON OUR TWO EXCHANGES HAPPENED DESPITE OUR GAIN IN PRICE OF $10.75 FRIDAY// 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 IN TOTAL OI ON OUR TWO EXCHANGES 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 FRIDAY NIGHT/SATURDAY MORNING WAS A STRONG SIZED SIZED 1726 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 END OF THE MONTH TRADING ( MONDAY TRADING// JAN 27) AS THE GOLD PRICE GOT HAMMERED A BIT WITH COMEX OPTIONS EXPIRY. AS YOU SAW WITH TUESDAY’S TRADING// JAN 28 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 SEVERAL DAYS PROPELLING IT THROUGH THE 2800 DOLLAR BARRIER TO THE LEVEL IT IS NOW TRADING READY TO CLOSE IN ON THE 2900 DOLLAR LEVEL.
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 79 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 (208.5853 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: 208.5853 TONNES (WHICH INCLUDES 18.1413 TONNES OF EX FOR RISK)
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: 190.4440 TONNES OF GOLD + 9.3264 TONNES OF EX. FOR RISK /PRIOR + 8.8149 TONNES EX FOR RISK TODAY =//NEW TOTAL STANDING 208.5853 TONNES
COMEX GOLD TRADING/FEB CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $10.75)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION FRIDAY AS THEY WERE TRYING TO QUELL GOLD’S RISE AND STOP HUGE COMEX/OTC DERIVATIVE LOSSES FROM ALSO RISING. THE BANKERS WERE UNSUCCESSFUL IN SLOWING THEIR DERIVATIVE LOSSES IN PRECIOUS METAL BETS WITH OPTIONS EXPIRY JAN 28 AT THE COMEX. OUR T.A.S. SPREADER LIQUIDATIONS THIS WEEK WERE 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/JAN 31/ AS OUR BANKER CROOK’S DESPERATELY TRIED TO CONTAIN GOLD’S PRICE FROM ATTAINING THE 2800 DOLLAR LEVEL AND THEY FAILED AND THE PRICE OF GOLD SKYROCKETED SINCE. 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 FRIDAY EVENING SATURDAY MORNING AND THUS OUR RECORD NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING SEVERAL WEEKS TO DELIVER AND THUS THE REASON FOR THE HUGE LEASE RATE AT 10% (SCARCITY OF GOLD)
EXCHANGE FOR RISK EXPLANATION/DECEMBER AND JANUARYTRADING
DECEMBER MONTH EXCHANGE FOR RISK!
57 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!!
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 A FEW NIGHTS AGO, THEY ISSUED THEIR SECOND CONSECUTIVE EXCHANGE FOR RISK OF 500 CONTRACTS FOR 50,000 OZ (1.555 TONNES OF GOLD. FEB 6 WAS THE THIRD ISSUANCE FOR A HUGE 2400 CONTRACTS, 240,000 OZ OR 7.465 TONNES. AND THEN FINALLY FRIDAY NIGHT, THE 4TH EXCHANGE FOR RISK WAS ISSUED REPRESENTED BY 2834 CONTRACTS OR 283400 OZ OR 8.8149 TONNES OF GOLD WITH THE OWNER OF THOSE CONTRACTS BEING THE BANK OF ENGLAND. THE BANK OF ENGLAND WANTS THEIR GOLD BACK. THIS NEW EXCHANGE FOR RISK WILL BE ADDED TO PREVIOUS EXCHANGE FOR RISK OF 9.3264 TONNES TO A NEW TOTAL EXCHANGE FOR RISK = 18.1413 TONNES. THIS TOTAL WILL NOW BE ADDED TO OUR REGULAR DELIVERIES THROUGHT THE MONTH.
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 FAIR TOTAL OF 1.01 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 388 CONTRACT QUEUE JUMP FOR 38,800 OZ. NEW STANDING ADVANCES TO 190.4440 TONNES OF GOLD. TO WHICH WE ADD OUR 18.1413TONNES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 208.5853 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $10.75
WE HAD 2146 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL
NET LOSS ON THE TWO EXCHANGES 326 CONTRACTS OR 32600 OZ (1.01 TONNES)
a) into Dealer Brinks 48,226.500 oz (1500 kilobars) b) Into dealer Loomis: 32,118.849 oz (999 kilobars)
total weight: 80,345.344 oz or 2499 kilobars or 2.499tonnes
Deposits to the Customer Inventory, in oz
i)Into customer ASAHI 32,006.563 oz ii) Into customer Brinks 337,585/500 oz (10,500 kilobars)
iii) Into JPMorgan customer 192,906.000 oz (6,000 kilobars iv) Into Loomis customer 32.151 oz 1 kilobar v)into Malca 32,151.000 1000 kilobars vi) Into Manfra 59.747.23 oz
total customer weight: 654,428.444 oz 20.355 tonnes
total dealer and customer weight in tonnes; 22.851 tonnes of which we have exactly 20,000 “kilobars deposited//dealer and customer
No of oz served (contracts) today
2550 notice(s) 255,000 OZ 7.9315 TONNES
No of oz to be served (notices)
6101 contracts 610,100 OZ 18.976 TONNES
Total monthly oz gold served (contracts) so far this month
55,127 notices 5,512,700 oz 171.468 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
x
dealer deposits: 2
2 ENTRIES
a) into Dealer Brinks 48,226.500 oz (1500 kilobars) b) Into dealer Loomis: 32,118.849 oz (999 kilobars)
total weight: 80,345.344 oz or 2499 kilobars or 2.499tonnes
we have 6 customer deposits
i)Into customer ASAHI 32,006.563 oz ii) Into customer Brinks 337,585/500 oz (10,500 kilobars)
iii) Into JPMorgan customer 192,906.000 oz (6,000 kilobars iv) Into Loomis customer 32.151 oz 1 kilobar v)into Malca 32,151.000 1000 kilobars vi) Into Manfra 59.747.23 oz
total customer weight: 654,428.444 oz 20.355 tonnes
total dealer and customer weight in tonnes; 22.851 tonnes of which we have exactly 20,000 “kilobars deposited//dealer and custome
withdrawals: 0
adjustments:4/
i) out of Brinks 16,011.198 oz customer to dealer acct
ii) out of Manfra: 24,113.250 oz customer to dealer
iii) Malca 96,675.314 oz (dealer to customer)
total net dealer to customer 56,554.866 oz 2.38 tonnes
thus basically what comes into eligible is transferred to dealer accounts and then out.
Inventory Pledged gold: 2.174 million oz or 6.42% of total inventory.
Inventory Enhanced gold: 5.755 million oz or 16.99% of total inventory
total gold inventory 33.86 million oz/
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR FEB.
For the front month of FEB: we have an oi of 8651 contracts having LOST 1724 contracts. We had 2112 contracts delivered upon Friday so we gained a massive 388 contracts for 38800 oz. This queue jump is thus represented by 1.206 tonnes of gold as these guys would rather seek out gold on this side of the pond instead of London’s side.
MARCH HAD A LOSS OF 1 CONTRACTS DOWN TO 14,728
APRIL HAD A LOSS OF 2945 CONTRACTS DOWN TO 398,297 CONTRACTS
We had 2550 contracts filed for today representing 255,000 oz
This is a huge major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 2550 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 800 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 (55,1277x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(8651 CONTRACTS) minus the number of notices served upon today (2550 x 100 oz per contract) equals 6,122,800 OZ OR 190.440 TONNES to which we must add our latest 2834 contract exchange for risk for 8.8149 tonnes and then add our previous 9.3264 tonnes ex for risk//new standing; 190.4440 tonnes + 18.1413 tonnes ex for risk = 208.5853 tonnes
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (52,577 x 100 oz +we add the difference for front month of FEB ( 8651 OI} minus the number of notices served upon today (2112 x 100 oz) which equals 6,122,800 oz (190.440 TONNES + 9.3264 tonnes ex for risk/prior + 8.8149 tonnes ex for risk today = 208.5853 tonnes
TOTAL COMEX GOLD STANDING FOR FEB.: 208.5853 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 OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 34,595,400.366 oz
TOTAL REGISTERED GOLD 16,303,363.653 or 507.103 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 18,292,036.713 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 14,137,287 oz (REG GOLD- PLEDGED GOLD)= 439..72 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 10
INITIAL
// THE FEB 2025 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
nil
Deposits to the Dealer Inventory
i) Into Dealer Brinks 1,455.575 oz
Deposits to the Customer Inventory
2 entries 1) Into JPMorgan 1,178,363.000 oz 2) Brinks 4010.000 oz
total weight 1,182,373.000 oz
No of oz served today (contracts)
0 CONTRACT(S) (2,900,000 OZ)
No of oz to be served (notices)
466 contracts (2.330 MILLION oz)
Total monthly oz silver served (contracts)
3327 Contracts (16.635 million oz)
Total accumulative withdrawal of silver from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
i) 1-dealer deposit/
i) Into Dealer Brinks 1,455.575 oz
total dealer deposits; 1455.575 oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:
2 entries
2 entries 1) Into JPMorgan 1,178,363.000 oz 2) Brinks 4010.000 oz
total weight 1,182,373.000 oz
withdrawals 1
i) Out of Brinks 1190,998.635 oz
ADJUSTMENTs 1
a) out of Brinks 1,909,901.730 oz
JPMorgan has a total silver weight: 148.552million oz/363.395million or 40.77%
TOTAL REGISTERED SILVER: 92.849 MILLION OZ//.TOTAL REG + ELIGIBLE. 363.395 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2025 OI: 466 OPEN INTEREST CONTRACTS FOR A LOSS OF 492 CONTRACTS.
WE HAD 580 NOTICES FILED ON FRIDAY SO WE GAINED A MONSTER 88 CONTRACTS OR WE EXPERIENCED A 0.44 MILLION OZ EXCHANGE QUEUE JUMP AS THESE GUYS WILL TRY THEIR LUCK AT THE COMEX TRYING TO OBTAIN PHYSICAL SILVER.
MARCH SAW A LOSS OF 8329 CONTRACTS DOWN TO 109,247. THE FRONT ACTIVE DELIVERY MONTH OF MARCH ALSO IS NOT DECLINING MUCH AND WE SHOULD ALSO HAVE A HUMDINGER OF A DELIVERY MONTH FOR MARCH.
APRIL SAW ANOTHER GAIN OF 11 CONTRACTS TO STAND AT 307
MAY SAW A GAIN OF 3764 CONTRACTS UP TO 37,032 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 0 for 0 MILLION oz
CONFIRMED volume; ON FRIDAY 761,971 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 3327x 5,000 oz = 16.635 MILLION oz
to which we add the difference between the open interest for the front month of FEB (466) and the number of notices served upon today (0)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 3327 Notices served so far) x 5000 oz + OI for the front month of FEB(466)minus number of notices served upon today (0)x 5000 oz equals silver standing for the FEB contract month equating to 18.965 MILLION OZ.
New total standing: 18.965 million oz which is huge for a non active delivery month of February
There are 92.849 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 10 WITH GOLD UP $10.75 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 864.19 TONNES
FEB 7 WITH GOLD UP $10.75 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 864.19 TONNES
FEB 6 WITH GOLD DOWN $18.15 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 1.14 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 864.19 TONNES
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: 864.19 TONNES, TONIGHTS TOTAL
SILVER
FEB 10 WITH SILVER DOWN $0.26 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A WITHDRAWAL OF 1.73 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 428.66 MILLION OZ
FEB 7 WITH SILVER DOWN $0.26 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A WITHDRAWAL OF 1.73 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 428.66 MILLION OZ
FEB 6 WITH SILVER DOWN $0.17 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 12.383 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 430.39 MILLION OZ
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 428.66 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 OF GATA//GOLD/SILVER RELATED DISPATCHES
FRBNY capitulates as they cover 66 tonnes of gold from their 79 tonne shortfall. Thus only 16 tonnes of shorts remains.
(Robert Lambourne)
BIS gold swaps collapsed in January, hinting at collapse of market-rigging system
Submitted by admin on Mon, 2025-02-10 11:25 Section: Daily Dispatches
11:33a ET Monday, February 10, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements collapsed in January, according to calculations drawn by GATA consultant Robert Lambourne from the bank’s statement of account for January, published today:
Lambourne writes that the BIS’ reported swaps as of January 31 totaled only 16 tonnes, down 62 tonnes from the 78 tonnes reported at the end of December, for which the BIS filed its monthly report strangely late and without explanation last week amid turmoil in the London gold market:
The accuracy of Lambourne’s calculations about the BIS swaps repeatedly have been confirmed by the bank’s annual reports, though the bank long has refused to explain why and for whom it has undertaken the swaps, or even to provide the volume of its gold swaps clearly in its monthly reports. As with its central bank members, the BIS relies heavily on obfuscation, lest the ruled discover what their rulers are doing with the world’s money.
Lambourne writes today:
“If you recall our discussions over the years, such a fall was the expectation if we were moving toward a time when gold was going to be revalued, as it always seemed sensible to eliminate the swaps before a reset.
“Our conjecture was always that the swaps were sourced from gold exchange-traded funds, and they were possibly a return route for gold that was subject to multiple claims originating from the Federal Reserve, the swaps being used to hide the multiple claims.”
Slide 15 here charts the long decline of BIS gold swaps from 2021 through last October —
— a decline that seems to correlate generally with gold’s rising price and suggests a retreat by many if not most central banks from gold price-suppression policy. Indeed, the collapse of the swaps may indicate the collapse of the entire longstanding Western central bank system of controlling the gold price through unbacked derivatives, a system perhaps first outlined by the British economist Peter Warburton in 2001:
Or maybe the BIS is just frightened about the prospect of tariffs on international trade. Such an interpretation might be more appealing to mainstream financial news organizations and the governments that control them.
In any case GATA will alert those news organizations to this development about what is really going on in the gold market so that, as usual, they can be the first to ignore it.
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
Trump tells U.S. Treasury to stop minting pennies
Submitted by admin on Mon, 2025-02-10 00:19 Section: Daily Dispatches
By Jill Colvin Associated Press Sunday, February 9, 2025
WASHINGTON — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!,” Trump wrote in a post Sunday night on his Truth Social site. “I have instructed my secretary of the U.S. Treasury to stop producing new pennies.”
The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change through executive order and proclamation on issues ranging from immigration, to gender and diversity, to the name of the Gulf of Mexico. …
By ‘monetizing’ U.S. assets, does Trump administration mean gold?
Submitted by admin on Sun, 2025-02-09 14:10 Section: Daily Dispatches
2:12p ET Sunday, February 9, 2024
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics today calls attention to a remark made last Monday by Treasury Secretary Scott Bessent that the Trump administration plans to “monetize the asset side of the U.S. balance sheet”:
Reuters took note of Bessent’s remark in a report the next day day, quoting him as adding: “There’ll be a combination of liquid assets, assets that we have in this country, as we work to bring them out for the American people”:
All this seems to imply a possible revaluation of the U.S. gold reserve, though by itself changing numbers on a balance sheet wouldn’t change anything else without related actions creating money or credit and doing something with it.
Last year the economist Judy Shelton, whom President Trump nominated to the Federal Reserve Board in the last weeks of his first term but who wasn’t confirmed by the Senate, suggested using U.S. gold reserves to collateralize a new sort of Treasury bond whose owners would have the option to redeem it in gold:
In any case there increasingly are reasons to suspect that the U.S. gold reserve may be in play, if it long hasn’t been in play through secret gold leases and swaps. Indeed, it may not be so crazy to wonder if the supposedly huge recent shipments of gold from London to the United States signify attempts to recover leased and swapped gold for the U.S. government and for the gold exchange-traded fund GLD, whose metal many observers believe has been used for leases, swaps, and interventions.
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
Submitted by admin on Sun, 2025-02-09 09:28 Section: Daily Dispatches
9:36a ET Sunday, February 9, 2025
Dear Friend of GATA and Gold:
Imagine that you had more than an hour to question the governor of the Bank of England and several of his top assistants in the middle of great turmoil in the London gold market. Would you be prepared with a few critical and even inconvenient questions?
The entire press conference was video-recorded by the Bank of England and posted on YouTube here. The question about the departing gold bars is asked at the 31:34 mark.
No one asked about exactly what the Bank of England has been doing lately and traditionally in the gold market, particularly with gold leasing, though recent news reports, including this one from Bloomberg News, have noted that the bank is a center of gold leasing:
“Some central banks,” the Bloomberg report said, “look to earn a return by lending out their gold when rates do rise. Since they predominantly hold their gold at the Bank of England, that means the bullion in its vault is often a key source of liquidity in moments of market tightness.
“‘The bottleneck was created by an onslaught of bullion banks looking to borrow gold from central banks at the Bank of England, and the fact that the Bank of England is not a commercial vault and is not prepared to handle this, thus creating queues,’ said Robert Gottlieb, a former precious metals trader and managing director at JPMorgan Chase.”
But there long has been another purpose to gold leasing by central banks, a purpose acknowledged by the chairman of the U.S. Federal Reserve, Alan Greenspan, in testimony to Congress in 1998:
Greenspan was urging Congress not to try regulating financial derivatives, and he argued that such regulation was particularly unnecessary in regard to gold, because central banks could make sure that no one but themselves could ever corner the gold market.
Greenspan said: “Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over the counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”
That is, gold leasing is a mechanism of price control available to central banks, and central banks are, or were, well equipped to use it to control the gold market.
Several times over the years GATA has asked the Bank of England for an explanation of its involvement in gold leasing. We would like to know, among other things:
— What are the bank’s policy objectives with gold leasing?
— Why does the bank co-mingle in its vault its own gold reserves and the gold reserves of other central banks with the gold of commercial banks, if not to create a much bigger stock of gold for intervention in the gold market through leasing and swapping of gold?
— How active are the Bank of England, its client central banks, and its client bullion banks — nominally non-government banks — in gold leasing at any particular time?
— Why shouldn’t the public and all market participants have access to the details of such interventions, since they affect market prices?
In 2011, through a supporter in the United Kingdom, GATA asked for an accounting of the UK’s gold reserves that distinguished between the government’s unencumbered reserves and government gold reserves that were loaned or swapped:
A spokeswoman for the bank replied that such information was potentially “market-sensitive” and “if we were to reveal how much gold has been swapped or is on loan on any given day … then that would allow enquirers to find out what gold transactions have been taking place. Release of this potentially market-sensitive information day by day could be detrimental to the government’s financial interests.”
The spokeswoman added that the bank “owes a duty of confidentiality” to its “private customers.”
At least “market-sensitive” was an admission that what the bank was doing in the gold market was influencing prices.
In 2021 GATA asked the bank if it had leased gold in the last 12 months. A bank spokeswoman acknowledged GATA’s inquiry but replied only: “I am afraid that there is no further information that can be provided”:
That governments and especially their treasuries and central banks sometimes obscure, conceal, deceive, and even lie to cheat people and defeat democracy isn’t exactly news. That financial journalists refuse to pursue evidence of this cheating, even when they have easy opportunities, is why governments, their treasuries, and central banks keep getting away with it.
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
END
China starts pilot project allowing insurers to invest in gold
Submitted by admin on Fri, 2025-02-07 20:43 Section: Daily Dispatches
From Reuters via The Business Times, Singapore Friday, February 7, 2025
China, the world’s biggest bullion consumer, will allow some of its insurance funds to buy gold for medium- and long-term asset allocations as part of a pilot project, the country’s financial regulator said today.
The project should broaden institutional demand and may provide support to gold prices in China in the longer term depending on insurance funds’ appetite for participating in it, according to analysts.
The 10 pilot participants include China Life Insurance, New China Life Insurance, and several subsidiaries of Ping An, the National Financial Regulatory Administration said in a notice.
“It will certainly be positive in terms of fresh demand. What we don’t know is how much they would want, of course,” said StoneX analyst Rhona O’Connell. …
4. ANDREW MAGUIRE/LIVE FROM THE VAULT NO 209//OTHER GOLD COMMENTARIES
Asian purchases, not tariff fears, have drained London gold, Maguire tells LFTV
Submitted by admin on Sat, 2025-02-08 09:10 Section: Daily Dispatches
9:09a ET Saturday, February 8, 2024
Dear Friend of GATA and Gold:
Long-running purchases of gold by Asian institutions, not the fear of U.S. tariffs, are the underlying cause of the gold shortage in the London market, London metals trader Andrew Maguire says on this week’s edition of Kinesis Money’s “Live from the Vault” program.
These purchases, Maguire says, have exposed the great imbalance between real metal and unbacked derivative claims on it.
He adds that the failure of the Bank for International Settlements to publish its December financial statement on time was likely connected to the turmoil in the gold market, and he believes that, when it was filed last Monday, the report was doctored to falsify the bank’s true position in gold and gold swaps.
This week’s “Live from the Vault” is 46 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
The current gold bull market began in the spring of 2024, fueled in large part by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors remained largely on the sidelines. In just six weeks between March and April, these traders propelled gold prices up by $400, or 23%—an extraordinary surge for the yellow metal. Since then, their activity has quieted, but I’ve anticipated their return, expecting them to push gold to truly staggering levels. That moment may have arrived. Fresh off the week-long Chinese Lunar New Year holiday, these traders are reentering the market—just as gold was already heating up without them.
The Shanghai Futures Exchange gold futures were the primary vehicle behind the spring 2024 gold frenzy, a surge that subsequently spilled over into international gold prices:
A fascinating Financial Times article from that time titled “Chinese Speculators Super-Charge Gold Rally” highlighted how trading volume in SHFE gold futures had surged by 400%, propelling gold prices to record highs:
The spring Chinese gold trading frenzy can also be seen in the chart of long open interest in SHFE gold futures:
Over the past year, SHFE gold futures have mirrored the international gold price, steadily rising before consolidating in a trading range from late October to January. But as soon as China’s financial markets reopened this week after the Lunar New Year holiday, SHFE gold futures gapped higher, swiftly catching up to the international rally that unfolded while China was offline. This breakout signals strong bullish momentum, suggesting even greater gains lie ahead.
The trading range and recent breakout are also evident in the international spot gold price denominated in Chinese yuan, providing further confirmation of the bullish trend:
As I had anticipated back in December, the spot price of gold in U.S. dollars also recently broke out of a triangle consolidation pattern, confirming the bullish momentum:
I believe all the key ingredients for another China-driven gold mania—similar to last spring—are now in place. It may only be a matter of time. A key indicator to watch is trading volume in SHFE gold futures, which you can track on TradingView under the symbol AU1!. Last spring, a surge in volume accompanied gold’s explosive rally. So far, volume has remained subdued, but it’s likely to increase as the rally gains momentum. For confirmation, I’m looking for a significant spike in volume to validate this thesis.
Another key indicator of a potential Chinese gold mania is whether the domestic Chinese gold price trades at a premium to the international price. During last spring’s explosive rally, the domestic price carried a premium of approximately $50 over the international price. Currently, there is little to no premium or discount, but it’s worth watching closely. If a significant premium emerges, it would likely signal that Chinese demand is once again driving gold higher.
A major catalyst for a potential Chinese gold mania is the country’s severe economic turmoil. With its real estate and stock markets plunging, an estimated $18 trillion in household wealth has been wiped out—an economic crisis akin to China’s version of the 2008 Great Recession. Meanwhile, government bond yields have collapsed to record lows, signaling a deepening deflationary spiral. In low-interest-rate environments like China’s, gold— which generates no yield—becomes more attractive as the opportunity cost of holding it diminishes. Additionally, China is likely to respond with a massive stimulus “bazooka” to combat deflation, which should provide a powerful tailwind for gold, silver, and other commodities.
Another potential catalyst for a Chinese gold mania is the People’s Bank of China’s (PBOC) recent resumption of official gold purchases after a six-month pause. As I recently explained, the PBOC was likely accumulating gold all along, but its decision to publicly announce renewed purchases appears to be a strategic move aimed at encouraging domestic gold buying. This aligns with China’s broader strategy of diversifying away from U.S. dollars and increasing gold holdings across all levels of society.
All signs point to the potential for another explosive gold rally driven by Chinese traders, much like what unfolded last spring. With SHFE gold futures breaking out, the possibility of rising trading volumes, and the return of a Chinese gold price premium, the conditions for another bullish episode are falling into place. China’s economic crisis, record-low bond yields, and the looming prospect of massive stimulus only strengthen the case for gold’s continued ascent. Meanwhile, the PBOC’s renewed gold purchases reinforce the broader shift toward gold as a preferred asset. If these factors align as expected, the next phase of this bull market could be even more dramatic than what we saw in 2024.
If you found this report valuable, click here to subscribe to this popular newsletter for just $15 a month—less than 50 cents a day—to stay informed and gain deeper insights into the precious metals market and overall economy.
—–
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//COCOA
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING MONDAY MORNING SUNDAY NIGHT
SHANGHAI CLOSED UP 18.50 PTS OR 0.56%
//Hang Seng CLOSED UP 388.44 PTS OR 1.84 %
// Nikkei CLOSED UP 14.15 OR 0.04%//Australia’s all ordinaries CLOSED DOWN 0.34%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.3057CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3095// Oil UP TO 72.03 dollars per barrel for WTI and BRENT DOWN AT 75.66 Stocks in Europe OPENED ALL GREEN
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN AT 7.3057
OFFSHORE YUAN: DOWN TO 7.3095
SHANGHAI CLOSED CLOSED UP 18.50 PTS OR 0.56%
HANG SENG CLOSED CLOSED UP 241.92 PTS OR 1.16%
2. Nikkei closed UP 14.15 OR 0.04%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 108.08 EURO FALLS TO 1.0322 DOWN 2 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.311 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 151.97…… 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: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and DOWN FOR UP this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.3705 Italian 10 Yr bond yield UP to 3.458//SPAIN 10 YR BOND YIELD UP TO 3.035
3i Greek 10 year bond yield UP TO 3.229
3j Gold at $2903.60 /Silver at: 32.22 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 26/100 roubles/dollar; ROUBLE AT 97.25
3m oil into the 72 dollar handle for WTI and 75 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 151.97 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.311% 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 0.9103 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9397 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: 4.490 UP 0 BASIS PTS…
USA 30 YR BOND YIELD: 4.700. UP 1 BASIS PTS/
USA 2 YR BOND YIELD: 4.275 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 36.00…
10 YR UK BOND YIELD: 4.5080 UP 3 PTS
10 YR CANADA BOND YIELD: 3.070 DOWN 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.737 DOWN 3 PTS.
2a New York OPENING REPORT
Futures, Dollar Rise, Gold Soars After Trump’s Latest Tariff Salvo
Monday, Feb 10, 2025 – 08:24 AM
US equity futures are higher, led by Tech as investors largely ignored tariff headlines, in this case the 25% tariffs on steel/aluminum which were announced yesterday, and which will predominantly impact both Canada and Mexico. As of 8:00am ET, S&P futures are 0.5% higher, reversing half of Friday’s drop as the tariff news lifted American metals stocks, with US Steel Corp. surging as much as 15% in premarket. Alcoa Corp. rallied 5%. Nasdaq futures are up 0.6%, with Mag7 names all higher ex-TSLA with Semis and Financials catching a bid. Bond yields are mostly unchanged with USD higher. Commodities are seeing strength across the entire complex with gold’s record run continuing, now above $2900. Today’s macro data focus is on the NY Fed’s 1-year inflation expectation given the hotter print on Friday from Univ of Mich; CPI is on Weds.
In premarket trading, McDonald’s rose 2% as sales rose in the fourth quarter after growth in the chain’s international business made up for a decline in the US. Meta once again led gains for the Mag7 group. Meanwhile, shares in Tesla are set to extend losses for a fourth session(GOOGL +0.6%, AMZN +0.4%, AAPL +0.5%, MSFT +0.6%, META +0.6%, NVDA -0.05% and TSLA -1.6%). Aluminum and steel company shares rose as President Donald Trump plans to impose 25% tariffs on all imports of the metals into the country (Alcoa (AA) climbs 5% and Century Aluminum (CENX) jumps 10%). Steel firms moving higher include: Cleveland-Cliffs (CLF) +8%, US Steel (X) +5%, Steel Dynamics (STLD) +6%. Aspen Technology (AZPN) falls 2% as Emerson said the $265 per share price offer for the company is Emerson’s best and final price. Here are some other notable premarket movers:
Axsome Therapeutics (AXSM) rises 13% after announcing it has entered into a settlement agreement with Teva Pharmaceuticals resolving patent litigation.
Charles Schwab Corp. (SCHW) falls 2% as Toronto-Dominion Bank plans to exit its equity investment in the company.
Hain Celestial (HAIN) declines 6% after reporting 2Q adjusted earnings per share that missed the average analyst estimate.
On Semi (ON) tumbles 8% after reporting quarterly revenue that missed the average analyst estimate.
Playa Hotels & Resorts (PLYA) rises 2% after Hyatt Hotels agreed to buy the company for about $2.6 billion
Pliant Therapeutics (PLRX) slumps 62% after the company voluntarily paused enrollment and dosing of a trial of bexotegrast in patients with idiopathic pulmonary fibrosis.
Semtech (SMTC) plunges 27% after the chipmaker said sales of the company’s CopperEdge products are expected to be lower than management’s “floor case” estimate due to rack architecture changes.
Trump’s intention to announce a 25% levy on steel and aluminum Monday added to already tense sentiment before Fed Chair Jerome Powell’s semiannual congressional testimony and the US President’s possible unveiling of reciprocal tariffs on “everyone” this week. Trump said the metals tariffs would apply to imports from all countries, though he didn’t specify when they would take effect.
“Our view in tariffs remain that they will cause volatility, are a negotiating tool and will eventually be not as bad as feared,” said Mohit Kumar at Jefferies International.
The dollar strengthened and gold hit a record high as Trump’s latest plan for steel and aluminum import tariffs brought fresh disruption to markets. The yen and the Canadian dollar were the main losers against the greenback as the Bloomberg Dollar Spot Index rose to its highest in nearly a week. Like the dollar, bullion climbed as the president’s latest trade threats helped boost demand for haven assets.
Separately, Trump said Elon Musk’s government efficiency team has found irregularities while examining data at the US Treasury Department. Benchmark 10-year Treasuries were steady.
There are a number of key events on the radar in coming days, including Powell’s speech and US CPI data. Powell will deliver his semi-annual testimony at a time when officials are signaling they’re not in a hurry to further ease policy. Nonfarm payrolls moderated last month and revisions show US job gains were softer but still solid in 2024. Inflation data due this week may help buttress those arguments and underpin market pricing for just one Fed rate cut this year.
In Europe, the Stoxx 600 rose 0.3% with real estate, energy and telecommunication stocks among the best performers. Basic resources provide a drag due to the aforementioned metal tariffs. BP Plc shares surged the most since 2020 as Bloomberg News reported that activist investor Elliott Investment Management had built a stake in the oil company. Here are the most notable European mover:
BP shares rise as much as 7% after Bloomberg reported that activist investor Elliott has built a significant stake and is pushing the company to consider transformative measures.
Spectris shares advance as much as 4.7% after JPMorgan upgrades the high-tech instrument maker to overweight, with a Street-high price target.
ITV shares rise as much as 3%. Major shareholders in the broadcaster’s management support efforts to explore a deal for its production arm, the FT reported Sunday, corroborating earling reports.
Drax shares gain as much as 5.9% after the renewable energy company agreed to a four-year low carbon dispatchable contract with the UK government for Drax Power Station.
Talgo shares gain as much as 8.5%, after Poland’s PFR said it intends to submit a proposal that would entail a takeover bid for 100% of the Spanish trainmaker.
Telkom shares climb as much as 8.1% in Johannesburg after the telecommunications company said its 3Q Ebitda rose 28% on continued operational efficiency gains from cost optimization initiatives.
Cloetta shares rise as much as 5% to hit their highest level since September 2021 after the confectionery company decided not to proceed with a planned greenfield investment in the Netherlands due to “increased risk relating to energy supply and the still on-going permitting process.”
IAG shares drop as much as 3.5% after Goldman Sachs cut the stock to neutral from buy after the British Airways owner’s shares outperformed peers since its upgrade last January.
Rockwool shares fall as much as 5% as UBS cuts its rating to sell as the stone-wool producer faces a normalization of margins.
GTT shares fall as much as 7.3% after the French engineering firm announced job cuts at its Elogen hydrogen unit, as well as the departure of CEO Jean-Baptiste Choimet.
Gerresheimer shares slip as much as 1.4%, paring some of Friday’s 9.5% surge, on news that the company is in early-stage talks with private equity investors on a potential takeover.
Safestore and Shurgard Self Storage both decline after being downgraded by analysts at Morgan Stanley, who argue the pair are unlikely to lead in any sector recovery.
Earlier in the session, Asian stocks dropped on concern US President Donald Trump’s plans for tariffs on all imports of steel and aluminum will add to a growing trade war. Hong Kong shares rose for a third day amid optimism toward the tech sector. The MSCI Asia Pacific Index fell as much as 0.5%, with TSMC the biggest drag on the benchmark. Shares in Taiwan and Australia dropped, while Japanese stocks were mixed. A gauge of Chinese tech shares listed in Hong Kong jumped more than 2% as the nation’s growing artificial intelligence capability fueled optimism on the beaten-down sector. Sentiment was also boosted by Trump’s decision to delay suspension of the “de minimis” exception, boosting e-commerce shares.
“This is actually a very good reminder for global investors to look at the innovation capabilities of some of the Chinese players,” Jin Yuejue, a multi-asset solutions investment specialist at JPMorgan Asset Management, said on Bloomberg Television. “We are very much monitoring the National People’s Congress coming up, whether there will be more fiscal impulse that’s going to be announced.”
In FX, the Bloomberg Dollar Spot Index inched up 0.2%, while commodity currencies pared earlier declines, after US President Donald Trump said he would announce 25% tariffs on all imports of steel and aluminum. “Markets are becoming incrementally less sensitive to these headlines,” said Laura Cooper, global investment strategist at Nuveen. “It’s not clear whether this is a negotiating tool to get a deal.” The Japanese yen is the weakest of the G-10 currencies, falling 0.6% against the greenback and taking USD/JPY above 152. EUR/USD steadied around 1.0326; Options markets suggest traders are positioning for a fresh round of euro weakness fueled by widening tariff-risk premiums.The Canadian dollar also underperformed with a 0.3% decline.
In rates, treasuries are mixed in early US trading Monday, holding most of Friday’s yield increases sparked by the January jobs data. 10Y yields are at 4.40%, unchanged from Friday; most yields remain within 2bp of closing levels from Friday with the curve steeper; 2s10s and 5s30s spreads are wider for first day in five. Treasury auctions begin Tuesday with 3-year notes and include 10- and 30-year new issues over subsequent two days. With no major US economic data slated before the CPI report Wednesday, Treasury and corporate bond supply may be the main driver of flows, along with reaction by other markets to President Trump’s latest tariff threats. Gilts rise and outperform their German counterparts with UK 10-year yields falling a basis point to 4.46%.
In commodities, WTI crude oil rose 1.5% to trade at $72, near session highs. Gold prices soared $41 to a record high above $2,900. Bitcoin rose 3% to near $98,000. Elsewhere in commodities markets Monday, European natural gas prices rose to a two-year high as colder temperatures accelerate the depletion of the region’s storage facilities. Benchmark futures rose as much as 4.1% to the highest since February 2023. Aluminum futures in London — the global benchmark — were steady as traders waited for more details on when and how the latest tariffs would operate. Copper was little changed.
The US economic data calendar includes only NY Fed 1-Year inflation expectations at 11am New York time. Fed speaker slate is blank; Chair Powell is slated to give congressional testimony over the next two days
Market Snapshot
S&P 500 futures up 0.4% to 6,071.50
STOXX Europe 600 up 0.3% to 544.21
MXAP down 0.3% to 185.10
MXAPJ little changed at 582.75
Nikkei little changed at 38,801.17
Topix down 0.2% to 2,733.01
Hang Seng Index up 1.8% to 21,521.98
Shanghai Composite up 0.6% to 3,322.17
Sensex down 0.7% to 77,340.86
Australia S&P/ASX 200 down 0.3% to 8,482.78
Kospi little changed at 2,521.27
German 10Y yield little changed at 2.37%
Euro little changed at $1.0333
Brent Futures up 1.0% to $75.42/bbl
Gold spot up 1.4% to $2,900.86
US Dollar Index up 0.10% to 108.15
Top Overnight News
Trump on Sunday said the US would impose 25% tariffs starting Mon on steel and aluminum imports, with his reciprocal tariff announcement arriving Tues or Wednesday. WSJ
US House Republican leaders are looking to cut federal spending by USD 2tln to USD 2.5tln, according to Punchbowl sources. House GOP negotiators now believe they will have to dig deeper into Medicaid spending to meet those targets. Punchbowl believe Washington is drastically underestimating the chance for a government shutdown after March 14.
Trump announced he is revoking security clearances for former President Biden and stopping his daily intelligence briefings, while he stated that there was no need for Biden to have continued access: RTRS
Trump said he instructed the Secretary of the US Treasury to stop producing new pennies which is wasteful, while he suggested tearing the waste out of the US budget, even if it’s a penny at a time: RTRS
Trump’s acting head of the consumer finance watchdog told staff to stop pending investigations and supervisory activities of banks: WaPo
US House Speaker Johnson said he will push the ‘one big bill’ strategy for passing US President Trump’s tax cut agenda and Republicans will find offsets to pay for Trump’s tax cut plans: Fox
Chinese officials are building a list of U.S. technology companies that can be targeted with antitrust probes and other tools, hoping to influence the tech executives who are heavily represented in President Trump’s orbit. WSJ
China’s consumer inflation accelerated for the first time since August, rising 0.5% in January from a year earlier, driven by holiday spending. Factory deflation persisted with a 2.3% decline. BBG
China’s retaliatory tariffs went into effect on Mon 2/10, although a White House official said the US could pause its recent 10% duty imposition if progress occurs on fentanyl when Trump and Xi speak this week. WSJ
Indian Prime Minister Narendra Modi is preparing additional tariff cuts ahead of a meeting this week with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war. RTRS
UK companies are paring back job postings at the steepest pace since the midst of the pandemic in 2020, and increasingly turning to redundancies. BBG
France will announce a total of €109 billion in AI investments over the next few years, Emmanuel Macron told France 2 TV before today’s summit in Paris. BBG
Democrats warn they are willing to have a government shutdown unless Trump and Musk dial back their aggressive overhaul of the federal government. NYT
Canada will reach out to US states with which it has significant trade relationships to persuade America to drop its tariff plans. BBG
Tariffs
US President Trump said they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and he will announce reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately, while he added that no one can have a majority stake in US Steel (X).
US President Trump said on Friday that he will make an announcement in the week ahead on reciprocal trade with many countries, while he added that tariffs are an option to address deficit and auto tariffs are always on the table. Furthermore, Trump said they will meet on reciprocal tariffs on Monday or Tuesday and have an announcement.
Chinese officials may target Broadcom (AVGO) and Synopsys (SNPS) with probes and are building a list of US tech firms for potential probes, according to WSJ.
Japanese PM Ishiba expressed optimism on Sunday that Japan could avoid higher US tariffs as noted that President Trump had “recognised” Japan’s huge investment in the US and the American jobs that it creates.
Australian PM Albanese said Australia will urge the US to give Australia exemption over steel tariffs.
Indian PM Modi is prepared to discuss reducing import tariffs and buying more energy and defence equipment from the US when he meets with US President Trump next week, according to Indian officials cited by Bloomberg.
German Chancellor Scholz said the EU could act in an hour when asked in a pre-election debate if the EU was prepared for possible US tariffs.
d
A more detailed look at global markets courtesy of Newsquawk
APAC stocks saw mixed price action as participants reflected on last Friday’s NFP print and President Trump’s latest tariff remarks in which he stated they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and will announce reciprocal tariffs on Tuesday or Wednesday, while China’s retaliatory tariffs against the US took effect. ASX 200 declined with the index led lower by underperformance in tech and telecoms, while miners also suffered owing to the US tariff threat although Australia will urge the US to give Australia exemption over steel tariffs. Nikkei 225 retreated at the open but the clawed back its losses as a weaker currency provided a cushion and with some optimism from Japanese PM Ishiba that Japan could avoid higher US tariffs following his recent meeting with US President Trump. Hang Seng and Shanghai Comp were positive following the recent CPI data from China which showed an acceleration and with the outperformance in Hong Kong led by notable strength in tech and telecom stocks. Nonetheless, the gains in the mainland were limited by the tariff and trade frictions after China’s retaliatory tariffs against the US took effect and with officials also said to be building a list of US tech firms for potential probes.
Top Asian News
China appoints Zou Lan as deputy PBoC Governor.
Shein reportedly asked China suppliers to add production lines in Vietnam, according to Bloomberg.
India’s Finance Minister Sitharaman said a new income tax bill will be introduced in parliament in the week ahead.
European bourses (STOXX 600 +0.4%) are modestly firmer across board, after a mixed APAC session overnight. European sectors hold a positive bias, but with the breadth of the market fairly narrow; Energy takes the top spot, lifted by gains in BP (+6%) after Elliott Management took an activist stake in the company. For the autos sector, it was reported on Friday that the EU is offering to lower tariffs on US car imports to avoid a trade war with the US. Mining names in Europe are generally on the backfoot today, with losses driven by commentary via US President Trump who said that he will be announcing 25% tariffs on all steel and aluminium coming into the US.
Top European News
German Economy Ministry spokesperson said they are doing everything they can to avoid tariff increases
Maersk (MAERSKB DC) said the security risk for commercial vessels in the Red Sea and Bab-el-Mandeb strait remains high, will continue to sail via The Cape of Good Hope until safe passage through the area is ensured.
European Commission said have not receive any official notification regarding imposition of additional tariffs on EU goods.
French Foreign Minister, said “of course we will respond to Trump’s tariff announcement” and will call on the EU to respond to Trump tariffs.
ECB de Guindos said it is very important to avoid a trade war, have to have prudent and intelligent approach regarding latest tariff announcement. Analysis regarding tariffs is that it leads to impact on supply, inflation is less clear. Have to take into account all factors on monetary policy. Decision on policy will be taken meeting-by-meeting, see inflation converging to the “our” goal
UK Health Minister Andrew Gwynne was fired by PM Starmer over his WhatsApp messages which insulted constituents, fellow MPs and councillors.
French President Macron said France will announce during the Paris AI summit opening on Monday EUR 109bln investments in AI over the coming years.
Germany’s election front-runner Merz said he was open to reforming Germany’s borrowing rules amid pressure regarding defence spending financing, according to the FT.
FX
DXY has started the week off on the front foot in the wake of Friday’s NFP report and weekend trade developments. On the latter, US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately. Today’s docket sees the release of US employment trends and NY SCE. DXY briefly eclipsed Friday’s 108.31 high with a session peak at 108.44.
EUR is steady vs. the USD with the week commencing on a negative footing when it comes to trade; EU remains in Trump’s sights, but the FT reported late last week that the EU is set to offer lower tariffs on US cars. EUR/USD briefly made its way onto a 1.02 handle with a session low at 1.0281 before returning back above the 1.03 mark – ECB’s Schnabel and President Lagarde are due.
GBP is a little firmer today vs the USD and EUR, but with UK specific newsflow fairly light thus far; all focus will be on BoE’s Mann – she has traditionally been an arch-hawk, so her remarks will be of great importance for any insight on her decision to opt for a 50bps cut vs expectations of a 25bps reduction. Cable currently sits in a 1.2370-1.2414 range.
JPY is the laggard vs the Dollar. On the weekend, PM Ishiba expressed optimism on Sunday that Japan could avoid higher US tariffs. As it stands USD/JPY trades towards the upper end of a 151.25-152.53 range; further upside could see a test of its 200 DMA at 152.76 and then its 100 DMA at 152.97 thereafter.
Antipodeans are mixed, with slight outperformance in the Aussie, which is outmuscling the Kiwi in the AUD/NZD cross; the Antipodes were initially hampered by the Trump tariff announcements, but the downside has seen waned as the Dollar gave back the initial upside. Australian PM Albanese said Australia will urge the US to give Australia exemption over steel tariffs.
PBoC set USD/CNY mid-point at 7.1707 vs exp. 7.3050 (prev. 7.1699).
Fixed Income
USTs are essentially flat and with price action rangebound thus far, trading within a very narrow 109-02+ to 109-09 range; markets are digesting the jobs report on Friday as well as fresh tariff announcements from President Trump regarding 25% levies on all steel and aluminium coming into the US (more details on Monday). Today’s docket sees the release of US employment trends and NY SCE.
Bunds marginally higher in what has been a recent run of consolidation for German paper. Macro focus for the broader EZ-region has been on the implications of Trump tariff threats over the weekend (detailed above). If the EU is finally dragged into the trade war in a material way, the market will likely focus on the negative growth implications for the region. Mar’25 Bunds are currently tucked within Friday’s 132.95-133.69 range with the corresponding 10-year yield towards the middle of the 2.35-2.40% range. ECB President Lagarde is due to speak later today.
UK paper a touch higher after an indecisive session on Friday. Global trade is the main macro focus today for global markets, however, it remains to be seen how much of a negative this will be for the UK given that rhetoric towards the UK from the Trump administration has been tempered on account of Trump’s relationship with PM Starmer and the lack of goods trade imbalances between the two nations. Mar’25 Gilts are currently tucked within Friday’s 92.94-93.87 range; BoE’s Mann (who surprisingly voted for a 50bps cut last week) is due to speak later.
Commodities
A firmer session for the crude complex thus far, with upside facilitated by US President Trump’s tariff announcement on steel/aluminium, and as markets await reciprocal tariffs on Tuesday/Wednesday. In geopolitics, Trump commented that he spoke with Russian President Putin regarding ending the Ukraine war although offered very few details including when the call took place. WTI sits towards the upper end of a USD 70.84-71.86/bbl range.
Firmer trade across contracts with European Nat Gas rising to a two-year peak to levels last seen in February 2023 – with desks citing colder temperature and tight storage.
Precious metals are firmer with gold and silver both advancing to a similar degree, whilst Palladium is higher but to a lesser degree. Focus has been on the yellow-metal, which once again printed a fresh ATH, this time above USD 2900/oz; current peak at USD 2,906.25/oz.
Copper futures are subdued after rangebound APAC trade, with tariff concerns and implications continuing to weigh on sentiment in the complex. 3M LME copper resides in a USD 9,379.35-9,477.95/t range at the time of writing.
Iraq set Basrah medium crude official selling price to Asia at a premium of USD 2.65/bbl vs Oman/Dubai average and to Europe at a discount of USD 1.25/bbl vs Dated Brent, while it set the OSP to North and South America at a discount of USD 0.65/bbl vs ASCI, according to SOMO.
Estonia, Latvia and Lithuania have completed decoupling from the Russian power grid as planned and successfully synchronised their electricity systems to the European continental power grid.
Indian LNG buyers are said to be in talks for more US supply ahead of Indian PM Modi’s trip to the US, according to Bloomberg.
India’s Oil Secretary said Indian oil companies open to buy stake in US LNG projects.
Geopolitics: Middle East
“Negotiations for the second phase of the Gaza agreement have not started and Netanyahu has broken their date due to his visit to the United States”, according to Sky News Arabia citing Hamas leader. “Hamas leader Musa Abu Marzouq told Sky News Arabia: We expect that the negotiations will proceed and take their normal course”.
Iranian Defense Minister said “It is not possible to reach an agreement with the current US government on the nuclear agreement”, via Sky News Arabia.
Israeli PM Netanyahu dispatched a delegation to Qatar’s Doha for the next phase of ceasefire talks.
Israeli military said operations in the northern West Bank expanded to Nur Shams, while it added that several terrorists were killed and wanted suspects were detained. It was separately reported that Israel’s army confirmed it received three hostages and said it struck a Hamas weapons depot in Syria.
US President Trump said he is committed to buying and owning Gaza and may give sections to other states in the Middle East to rebuild it, while he added that they will make Gaza into a good site for future development. Trump also said that he will be meeting with Saudi Arabia’s Crown Prince MBS and Egyptian President Sisi, as well as noted that Middle Eastern nations will take Palestinians after those nations speak to him.
Hamas official condemned US President Trump’s remarks on Gaza ownership and said that Palestinians will foil all displacement plans, according to Reuters.
Turkish President Erdogan said that they have no need to discuss or take seriously US President Trump’s Gaza plan, while he added that no one has the power to remove the people of Gaza.
Qatar condemned statements by Israeli PM Netanyahu on establishing a Palestinian state inside Saudi territory.
Iran’s Supreme Leader Khamenei met with visiting top Hamas leaders in Tehran.
Egypt’s Foreign Minister heads to Washington for talks with US officials, according to AFP.
Geopolitics: Ukraine
US President Trump said on Friday that he has spoken to Russian President Putin by phone regarding ending the Ukraine war, according to the New York Post.
US President Trump said he does not want to talk about his conversation with Russian President Putin but believes they are making progress and expects to have more conversations with Putin. Furthermore, Trump declined to say when they talked and noted that he would meet with Putin in person at the right time, according to Reuters.
Russia’s Kremlin said it can neither confirm nor deny publications regarding the Putin-Trump conversation, while Russia’s envoy to the UN said Russia awaits appropriate signals from the US regarding contacts with Moscow and that Russia has not yet seen positive steps from the new US administration on disarmament, according to RIA.
Russian Deputy Foreign Minister said Russia has not received any satisfactory proposals to start talks on Ukraine and statements by the West and Ukraine about an immediate start on talks are nothing but buzz building, according to RIA.
Russian Defence Ministry said Russian forces captured Orikhovo-Vasylivka in eastern Ukraine, while it was also reported that Russia said its troops repelled three Ukrainian counterattacks in the Kursk region.
Russia launched a drone attack on Ukraine’s capital Kyiv, according to the Mayor.
Geopolitics: Other
North Korean leader Kim said the trilateral cooperation among the US, Japan and South Korea is raising a grave security challenge. It was also reported that North Korea noted its nuclear weapons are not a bargaining chip and that its nuclear forces are meant for combat against enemies that threaten global peace, according to KCNA.
US Event Calendar
11:00: Jan. NY Fed 1-Yr Inflation Expectat, prior 3.00%
DB’s Jim Reid concludes the overnight wrap
The week after payrolls is usually quiet but due to the first Friday of the month being the latest it could possibly be this month, then we bump straight into US CPI (Wednesday) week, with PPI (Thursday) for an added bit of inflationary sparkle. Outside of this the main highlight will be Powell’s semi-annual monetary policy testimony before the Senate Banking Committee (tomorrow) and the House Financial Services Committee (Wednesday). The latter comes after CPI which will possibly spread the interest level over the two appearances rather than most of the focus being on the first as per usual. Elsewhere in the US, watch out for the NY Fed inflation expectations series today after a stronger equivalent from the University of Michighan survey just before the weekend on Friday. After that we wait until this Friday for the other important US data, namely retail sales and industrial production.
In Europe we have the UK Q4 GDP reading on Thursday following last week’s BoE meeting (our UK economist’s recap is here). Elsewhere in the region, January CPIs are due in Denmark and Norway today, and Switzerland on Thursday. In terms of earnings we have 75 S&P 500 companies and 79 Stoxx 600 companies reporting.
The tariff news will clearly continue to dominate the agenda all week, especially after Mr Trump announced on Friday that he’d be holding a press conference early this week on the US plans for equalising tariffs on “reciprocal trade” with an added mention for autos. Then on Air Force One last night Mr Trump said he would put 25% tariffs on steel and aluminium imports later today. Canada, Mexico and Latin America would be the most impacted given that’s where the US imports most of these goods from.
Looking forward now and in terms of Powell’s testimonies this week, the overarching message is likely that the Fed is not in a hurry to cut rates at the moment, with Friday’s payrolls and to a lesser extent the UoM inflation expectations series the latest support to that message. Even though headline (+143k) and private (+111k) payroll gains were below expectations, net upward revisions of 100k over the prior two months, a decline in the unemployment rate to 4.0% (4.1% expected), and average hourly earnings +0.5% on the month (vs. +0.3% expected), made it a hawkish report.On top of that, the annual benchmark revision to the level of March 2024 nonfarm payrolls (-598k final vs. -818k preliminary) was not as large as the BLS had previously projected. See our economists’ US employment chart book here for everything you wanted to know about the labour market post this release.
For those inflation expectations last Friday the 1yr level was up to 4.3% (expected 3.3%) and the more important 5-10yr one at 3.3% (expected 3.2%). If confirmed in the final reading the longer-term expectations have only been higher for one month (June 2008) since 1995. This series continues to be ridiculously partisan post the election though with the 1-yr number seen around 5% from Democrat supporters and around zero for Republicans. So how reliable this number is at the moment is open is debatable.
Talking of inflation, strong seasonally adjusted gains in food and energy prices should keep headline CPI (+0.31% forecast vs. +0.39% previously) above core (+0.28% vs. +0.23%). YoY headline CPI should remain roughly steady at 2.9%, while that for core would just round down to 3.1%. OER will continue to be a big focus. For PPI it‘s as ever the components that go into core PCE that will gain all the attention.
Continuing with inflation, on Sunday data from China showed that consumer inflation (+0.5% y/y) accelerated at its fastest in five months in January (v/s +0.4% expected), up from December’s +0.1% increase, mainly because of the brisk consumption seen in the recently concluded Spring Festival holidays. At the same time, producer price deflation persisted as the PPI (-2.3% y/y) fell for a 28th consecutive month. The decline was marginally faster than Bloomberg’s estimate of -2.2% while matching December’s contraction.
Chinese risk is doing well this morning with the Hang Seng (+1.80%) leading the way with the Shanghai Composite (+0.50%) also higher. Other markets are a bit more subdued with the Nikkei (+0.20%) and the KOSPI (+0.13%) swinging between gains and losses. S&P 500 (+0.32%) and NASDAQ 100 (+0.60%) futures are rebounded after a weak Friday session. The yen (-0.31%) is retreating from a two-month high, trading at 151.88 against the dollar, with 10yr JGB yields +1.8bps higher at 1.32%, the highest since 2011.
Last week saw markets experience a steady overall performance, but one that was bookended by tariff-related news. At the start of the week, the imposition and then delay to tariffs on Mexico and Canada saw the S&P 500 first fall sharply but then close less than 0.6% beneath its all-time high by Wednesday. The index then fell -0.95% on Friday (and -0.24% over the week) as news broke of US reciprocal tariff plans on Friday. Tech stocks were a particular underperformer, with the Mag-7 down -2.79% (-1.95% Friday) as Alphabet’s and Amazon’s results underwhelmed. However in Europe, the STOXX 600 was up +0.60% (-0.38% Friday), having hit an all-time high on Thursday. And there was also a strong performance for emerging markets, with the MSCI EM index up +1.38% (+0.57% Friday).
The hawkish data on Friday led investors to dial back their expectations for rate cuts this year, with just 36bps now priced in by the December meeting, which is the fewest in over three weeks and a turnaround from the 50bps priced intra-day on Wednesday. This helped trigger a significant selloff for Treasuries at the end of the week, which saw the 10yr yield up +6.1bps on Friday to 4.50%, even though the 10yr yield was still down -4.5bps over the week as a whole. In Europe, 10yr bund yields fell -8.8bps last week to 2.37%, including a -0.7bps decline on Friday as tariff risks outweighed the read-across from stronger US data.
2B) EUROPEAN REPORT
Trump to announce 25% aluminium and steel tariffs; stocks gain and XAU makes a fresh ATH – Newsquawk US Market Open
Monday, Feb 10, 2025 – 05:43 AM
US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately.
Stocks hold a positive bias despite tariff updates from Trump; NQ outperforms, whilst US steel names surge.
USD is mixed vs. peers as tariff updates dominate newsflow; JPY underperforms.
USTs are flat, Bunds are a touch higher as tariff threat concerns weighs on the EZ outlook.
Gold makes a fresh ATH above USD 2,900/oz on tariff woes, crude sits at session highs.
Looking ahead, US Employment Trends, NY Fed SCE, Chinese M2 Money Supply, BoC Market Participants Survey, Comments from ECB’s Schnabel & BoE’s Mann, Earnings from McDonalds, UniCredit, Generali & Mediobanca.
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TARIFFS/TRADE
US President Trump said they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and he will announce reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately, while he added that no one can have a majority stake in US Steel (X).
US President Trump said on Friday that he will make an announcement in the week ahead on reciprocal trade with many countries, while he added that tariffs are an option to address deficit and auto tariffs are always on the table. Furthermore, Trump said they will meet on reciprocal tariffs on Monday or Tuesday and have an announcement.
Chinese officials may target Broadcom (AVGO) and Synopsys (SNPS) with probes and are building a list of US tech firms for potential probes, according to WSJ.
Japanese PM Ishiba expressed optimism on Sunday that Japan could avoid higher US tariffs as noted that President Trump had “recognised” Japan’s huge investment in the US and the American jobs that it creates.
Australian PM Albanese said Australia will urge the US to give Australia exemption over steel tariffs.
Indian PM Modi is prepared to discuss reducing import tariffs and buying more energy and defence equipment from the US when he meets with US President Trump next week, according to Indian officials cited by Bloomberg.
German Chancellor Scholz said the EU could act in an hour when asked in a pre-election debate if the EU was prepared for possible US tariffs.
EUROPEAN TRADE
EQUITIES
European bourses (STOXX 600 +0.4%) are modestly firmer across board, after a mixed APAC session overnight.
European sectors hold a positive bias, but with the breadth of the market fairly narrow; Energy takes the top spot, lifted by gains in BP (+6%) after Elliott Management took an activist stake in the company. For the autos sector, it was reported on Friday that the EU is offering to lower tariffs on US car imports to avoid a trade war with the US.
Mining names in Europe are generally on the backfoot today, with losses driven by commentary via US President Trump who said that he will be announcing 25% tariffs on all steel and aluminium coming into the US.
US equity futures are trading in the green, with the NQ (+0.5%) the marginal outperformer, attempting to pare the hefty downside seen on Friday; US steel names are surging pre-market after Trump’s tariff announcement.
TSMC (2330 TT) January (TWD) rev. rose 35.9% Y/Y to 293.3bln. Co. guides Q1 rev. forecast at closer to the lower end of USD 25bln-25.8bln due to the impact of January 21st earthquake but there is no change to FY25 guidance. Estimated losses related to January earthquake was TWD 5.3bln.
Foxconn (2354 TT) January revenue +3.16% Y/Y, sees strong growth in Q1 vs last year.
France is reportedly planning to pledge a 1 GW of nuclear power for new AI training, according to the WSJ; talks are continuing and could see the facility house around 120k NVIDIA (NVDA) chips.
DXY has started the week off on the front foot in the wake of Friday’s NFP report and weekend trade developments. On the latter, US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately. Today’s docket sees the release of US employment trends and NY SCE. DXY briefly eclipsed Friday’s 108.31 high with a session peak at 108.44.
EUR is steady vs. the USD with the week commencing on a negative footing when it comes to trade; EU remains in Trump’s sights, but the FT reported late last week that the EU is set to offer lower tariffs on US cars. EUR/USD briefly made its way onto a 1.02 handle with a session low at 1.0281 before returning back above the 1.03 mark – ECB’s Schnabel and President Lagarde are due.
GBP is a little firmer today vs the USD and EUR, but with UK specific newsflow fairly light thus far; all focus will be on BoE’s Mann – she has traditionally been an arch-hawk, so her remarks will be of great importance for any insight on her decision to opt for a 50bps cut vs expectations of a 25bps reduction. Cable currently sits in a 1.2370-1.2414 range.
JPY is the laggard vs the Dollar. On the weekend, PM Ishiba expressed optimism on Sunday that Japan could avoid higher US tariffs. As it stands USD/JPY trades towards the upper end of a 151.25-152.53 range; further upside could see a test of its 200 DMA at 152.76 and then its 100 DMA at 152.97 thereafter.
Antipodeans are mixed, with slight outperformance in the Aussie, which is outmuscling the Kiwi in the AUD/NZD cross; the Antipodes were initially hampered by the Trump tariff announcements, but the downside has seen waned as the Dollar gave back the initial upside. Australian PM Albanese said Australia will urge the US to give Australia exemption over steel tariffs.
PBoC set USD/CNY mid-point at 7.1707 vs exp. 7.3050 (prev. 7.1699).
USTs are essentially flat and with price action rangebound thus far, trading within a very narrow 109-02+ to 109-09 range; markets are digesting the jobs report on Friday as well as fresh tariff announcements from President Trump regarding 25% levies on all steel and aluminium coming into the US (more details on Monday). Today’s docket sees the release of US employment trends and NY SCE.
Bunds marginally higher in what has been a recent run of consolidation for German paper. Macro focus for the broader EZ-region has been on the implications of Trump tariff threats over the weekend (detailed above). If the EU is finally dragged into the trade war in a material way, the market will likely focus on the negative growth implications for the region. Mar’25 Bunds are currently tucked within Friday’s 132.95-133.69 range with the corresponding 10-year yield towards the middle of the 2.35-2.40% range. ECB President Lagarde is due to speak later today.
UK paper a touch higher after an indecisive session on Friday. Global trade is the main macro focus today for global markets, however, it remains to be seen how much of a negative this will be for the UK given that rhetoric towards the UK from the Trump administration has been tempered on account of Trump’s relationship with PM Starmer and the lack of goods trade imbalances between the two nations. Mar’25 Gilts are currently tucked within Friday’s 92.94-93.87 range; BoE’s Mann (who surprisingly voted for a 50bps cut last week) is due to speak later.
A firmer session for the crude complex thus far, with upside facilitated by US President Trump’s tariff announcement on steel/aluminium, and as markets await reciprocal tariffs on Tuesday/Wednesday. In geopolitics, Trump commented that he spoke with Russian President Putin regarding ending the Ukraine war although offered very few details including when the call took place. WTI sits towards the upper end of a USD 70.84-71.86/bbl range.
Firmer trade across contracts with European Nat Gas rising to a two-year peak to levels last seen in February 2023 – with desks citing colder temperature and tight storage.
Precious metals are firmer with gold and silver both advancing to a similar degree, whilst Palladium is higher but to a lesser degree. Focus has been on the yellow-metal, which once again printed a fresh ATH, this time above USD 2900/oz; current peak at USD 2,906.25/oz.
Copper futures are subdued after rangebound APAC trade, with tariff concerns and implications continuing to weigh on sentiment in the complex. 3M LME copper resides in a USD 9,379.35-9,477.95/t range at the time of writing.
Iraq set Basrah medium crude official selling price to Asia at a premium of USD 2.65/bbl vs Oman/Dubai average and to Europe at a discount of USD 1.25/bbl vs Dated Brent, while it set the OSP to North and South America at a discount of USD 0.65/bbl vs ASCI, according to SOMO.
Estonia, Latvia and Lithuania have completed decoupling from the Russian power grid as planned and successfully synchronised their electricity systems to the European continental power grid.
Indian LNG buyers are said to be in talks for more US supply ahead of Indian PM Modi’s trip to the US, according to Bloomberg.
India’s Oil Secretary said Indian oil companies open to buy stake in US LNG projects.
EU Sentix Index (Feb) -12.7 vs. Exp. -16.3 (Prev. -17.7)
Norwegian Consumer Price Index MM (Jan) 0.2% vs. Exp. 0.1% (Prev. -0.1%); Consumer Price Index YY (Jan) 2.3% vs. Exp. 2.2% (Prev. 2.2%)
Norwegian Core Inflation MM (Jan) 0.1% vs. Exp. -0.1% (Prev. -0.1%); Core Inflation YY (Jan) 2.8% vs. Exp. 2.6% (Prev. 2.7%)
NOTABLE EUROPEAN HEADLINES
German Economy Ministry spokesperson said they are doing everything they can to avoid tariff increases
Maersk (MAERSKB DC) said the security risk for commercial vessels in the Red Sea and Bab-el-Mandeb strait remains high, will continue to sail via The Cape of Good Hope until safe passage through the area is ensured.
European Commission said have not receive any official notification regarding imposition of additional tariffs on EU goods.
French Foreign Minister, said “of course we will respond to Trump’s tariff announcement” and will call on the EU to respond to Trump tariffs.
ECB de Guindos said it is very important to avoid a trade war, have to have prudent and intelligent approach regarding latest tariff announcement. Analysis regarding tariffs is that it leads to impact on supply, inflation is less clear. Have to take into account all factors on monetary policy. Decision on policy will be taken meeting-by-meeting, see inflation converging to the “our” goal
UK Health Minister Andrew Gwynne was fired by PM Starmer over his WhatsApp messages which insulted constituents, fellow MPs and councillors.
French President Macron said France will announce during the Paris AI summit opening on Monday EUR 109bln investments in AI over the coming years.
Germany’s election front-runner Merz said he was open to reforming Germany’s borrowing rules amid pressure regarding defence spending financing, according to the FT.
NOTABLE US HEADLINES
US House Republican leaders are looking to cut federal spending by USD 2tln to USD 2.5tln, according to Punchbowl sources. House GOP negotiators now believe they will have to dig deeper into Medicaid spending to meet those targets. Punchbowl believe Washington is drastically underestimating the chance for a government shutdown after March 14.
US President Trump announced he is revoking security clearances for former President Biden and stopping his daily intelligence briefings, while he stated that there was no need for Biden to have continued access.
US President Trump said he instructed the Secretary of the US Treasury to stop producing new pennies which is wasteful, while he suggested tearing the waste out of the US budget, even if it’s a penny at a time.
US President Trump’s acting head of the consumer finance watchdog told staff to stop pending investigations and supervisory activities of banks, according to a Washington Post reporter.
US House Speaker Johnson said he will push the ‘one big bill’ strategy for passing US President Trump’s tax cut agenda and Republicans will find offsets to pay for Trump’s tax cut plans, according to a Fox interview.
GEOPOLITICS
MIDDLE EAST
“Negotiations for the second phase of the Gaza agreement have not started and Netanyahu has broken their date due to his visit to the United States”, according to Sky News Arabia citing Hamas leader. “Hamas leader Musa Abu Marzouq told Sky News Arabia: We expect that the negotiations will proceed and take their normal course”.
Iranian Defense Minister said “It is not possible to reach an agreement with the current US government on the nuclear agreement”, via Sky News Arabia.
Israeli PM Netanyahu dispatched a delegation to Qatar’s Doha for the next phase of ceasefire talks.
Israeli military said operations in the northern West Bank expanded to Nur Shams, while it added that several terrorists were killed and wanted suspects were detained. It was separately reported that Israel’s army confirmed it received three hostages and said it struck a Hamas weapons depot in Syria.
US President Trump said he is committed to buying and owning Gaza and may give sections to other states in the Middle East to rebuild it, while he added that they will make Gaza into a good site for future development. Trump also said that he will be meeting with Saudi Arabia’s Crown Prince MBS and Egyptian President Sisi, as well as noted that Middle Eastern nations will take Palestinians after those nations speak to him.
Hamas official condemned US President Trump’s remarks on Gaza ownership and said that Palestinians will foil all displacement plans, according to Reuters.
Turkish President Erdogan said that they have no need to discuss or take seriously US President Trump’s Gaza plan, while he added that no one has the power to remove the people of Gaza.
Qatar condemned statements by Israeli PM Netanyahu on establishing a Palestinian state inside Saudi territory.
Iran’s Supreme Leader Khamenei met with visiting top Hamas leaders in Tehran.
Egypt’s Foreign Minister heads to Washington for talks with US officials, according to AFP.
RUSSIA-UKRAINE
US President Trump said on Friday that he has spoken to Russian President Putin by phone regarding ending the Ukraine war, according to the New York Post.
US President Trump said he does not want to talk about his conversation with Russian President Putin but believes they are making progress and expects to have more conversations with Putin. Furthermore, Trump declined to say when they talked and noted that he would meet with Putin in person at the right time, according to Reuters.
Russia’s Kremlin said it can neither confirm nor deny publications regarding the Putin-Trump conversation, while Russia’s envoy to the UN said Russia awaits appropriate signals from the US regarding contacts with Moscow and that Russia has not yet seen positive steps from the new US administration on disarmament, according to RIA.
Russian Deputy Foreign Minister said Russia has not received any satisfactory proposals to start talks on Ukraine and statements by the West and Ukraine about an immediate start on talks are nothing but buzz building, according to RIA.
Russian Defence Ministry said Russian forces captured Orikhovo-Vasylivka in eastern Ukraine, while it was also reported that Russia said its troops repelled three Ukrainian counterattacks in the Kursk region.
Russia launched a drone attack on Ukraine’s capital Kyiv, according to the Mayor.
OTHER
North Korean leader Kim said the trilateral cooperation among the US, Japan and South Korea is raising a grave security challenge. It was also reported that North Korea noted its nuclear weapons are not a bargaining chip and that its nuclear forces are meant for combat against enemies that threaten global peace, according to KCNA.
CRYPTO
Bitcoin is a little firmer today and has climbed back onto a USD 97k handle; Ethereum is essentially flat.
APAC TRADE
APAC stocks saw mixed price action as participants reflected on last Friday’s NFP print and President Trump’s latest tariff remarks in which he stated they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and will announce reciprocal tariffs on Tuesday or Wednesday, while China’s retaliatory tariffs against the US took effect.
ASX 200 declined with the index led lower by underperformance in tech and telecoms, while miners also suffered owing to the US tariff threat although Australia will urge the US to give Australia exemption over steel tariffs.
Nikkei 225 retreated at the open but the clawed back its losses as a weaker currency provided a cushion and with some optimism from Japanese PM Ishiba that Japan could avoid higher US tariffs following his recent meeting with US President Trump.
Hang Seng and Shanghai Comp were positive following the recent CPI data from China which showed an acceleration and with the outperformance in Hong Kong led by notable strength in tech and telecom stocks. Nonetheless, the gains in the mainland were limited by the tariff and trade frictions after China’s retaliatory tariffs against the US took effect and with officials also said to be building a list of US tech firms for potential probes.
NOTABLE ASIA-PAC HEADLINES
China appoints Zou Lan as deputy PBoC Governor.
Shein reportedly asked China suppliers to add production lines in Vietnam, according to Bloomberg.
India’s Finance Minister Sitharaman said a new income tax bill will be introduced in parliament in the week ahead.
DATA RECAP
Chinese CPI MM (Jan) 0.7% vs. Exp. 0.8% (Prev. 0.0%)
Chinese CPI YY (Jan) 0.5% vs. Exp. 0.4% (Prev. 0.1%)
Chinese PPI YY (Jan) -2.3% vs. Exp. -2.1% (Prev. -2.3%)
2C ASIAN REPORT
APAC mixed as Trump announces tariffs on steel and aluminium – Newsquawk Europe Market Open
Monday, Feb 10, 2025 – 01:21 AM
APAC stocks saw mixed price action as participants reflected on last Friday’s NFP print and President Trump’s latest tariff remarks.
US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately.
European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 0.6% on Friday.
USD is mixed vs. peers, EUR/USD briefly dipped below 1.03, Cable is pivoting around the 1.24 mark, USD/JPY is sub-152.
Looking ahead, highlights include Norwegian CPI, EZ Sentix Index, US Employment Trends, NY Fed SCE, Chinese M2 Money Supply, BoC Market Participants Survey, ECB’s Schnabel & BoE’s Mann, Earnings from McDonalds, UniCredit, Generali & Mediobanca.
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US TRADE
EQUITIES
US stocks closed in the red on Friday in which they initially saw two-way action on the US jobs report, before the move lower began in the wake of the UoM metrics whereby all the three main measures printed below consensus and outside the forecast range, with inflation expectations for both the short term and longer-term horizon lifting. The move was then notably accentuated, along with Dollar and Treasury strength accompanied by oil weakness upon Reuters source reports noting US President Trump told Republican lawmakers he plans to issue reciprocal tariffs as early as Friday, while Trump later confirmed they will meet on reciprocal tariffs on Monday or Tuesday, and have an announcement, but lacked any further details.
SPX -0.95% at 6,026, NDX -1.30% at 21,491, DJIA -0.99% at 44,303, RUT -1.19% at 2,280.
US President Trump said they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and he will announce reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately, while he added that no one can have a majority stake in US Steel (X).
US President Trump said on Friday that he will make an announcement in the week ahead on reciprocal trade with many countries, while he added that tariffs are an option to address deficit and auto tariffs are always on the table. Furthermore, Trump said they will meet on reciprocal tariffs on Monday or Tuesday and have an announcement.
Chinese officials may target Broadcom (AVGO) and Synopsys (SNPS) with probes and are building a list of US tech firms for potential probes, according to WSJ.
Japanese PM Ishiba expressed optimism on Sunday that Japan could avoid higher US tariffs as noted that President Trump had “recognised” Japan’s huge investment in the US and the American jobs that it creates.
Australian PM Albanese said Australia will urge the US to give Australia exemption over steel tariffs.
Indian PM Modi is prepared to discuss reducing import tariffs and buying more energy and defence equipment from the US when he meets with US President Trump next week, according to Indian officials cited by Bloomberg.
EU is set to offer lower tariffs on US cars as part of a deal to avoid a trade war with US President Trump, according to a report in the FT on Friday citing sources.
German Chancellor Scholz said the EU could act in an hour when asked in a pre-election debate if the EU was prepared for possible US tariffs.
NOTABLE HEADLINES
Fed Governor Kugler (voter) said on Friday that a stable labour market gives the Fed time to make decisions, while she added they are not at 2% inflation and it makes sense to hold rates steady. Kugler said they want to make sure inflation progress continues and that the economy is resilient, as well as noted that the labour market is stable which gives them a little bit of time to make decisions. Kugler also said the inflation rate has gone sideways and firmed, and that it makes sense to hold the policy rate where it is. Furthermore, she said it is prudent to hold the policy rate steady for some time, citing inflation above 2%, a solid economy, and uncertainties, while she added that they need to see continued slowing of inflation to feel comfortable cutting rates.
US President Trump announced he is revoking security clearances for former President Biden and stopping his daily intelligence briefings, while he stated that there was no need for Biden to have continued access.
US President Trump said he instructed the Secretary of the US Treasury to stop producing new pennies which is wasteful, while he suggested tearing the waste out of the US budget, even if it’s a penny at a time.
US President Trump’s acting head of the consumer finance watchdog told staff to stop pending investigations and supervisory activities of banks, according to a Washington Post reporter.
US House Speaker Johnson said he will push the ‘one big bill’ strategy for passing US President Trump’s tax cut agenda and Republicans will find offsets to pay for Trump’s tax cut plans, according to a Fox interview.
APAC TRADE
EQUITIES
APAC stocks saw mixed price action as participants reflected on last Friday’s NFP print and President Trump’s latest tariff remarks in which he stated they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US and will announce reciprocal tariffs on Tuesday or Wednesday, while China’s retaliatory tariffs against the US took effect.
ASX 200 declined with the index led lower by underperformance in tech and telecoms, while miners also suffered owing to the US tariff threat although Australia will urge the US to give Australia exemption over steel tariffs.
Nikkei 225 retreated at the open but the clawed back its losses as a weaker currency provided a cushion and with some optimism from Japanese PM Ishiba that Japan could avoid higher US tariffs following his recent meeting with US President Trump.
Hang Seng and Shanghai Comp were positive following the recent CPI data from China which showed an acceleration and with the outperformance in Hong Kong led by notable strength in tech and telecom stocks. Nonetheless, the gains in the mainland were limited by the tariff and trade frictions after China’s retaliatory tariffs against the US took effect and with officials also said to be building a list of US tech firms for potential probes.
US equity futures (ES +0.3%, NQ +0.6%) were ultimately higher after recovering from the initial tariff-related dip at the reopen.
European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with losses of 0.6% on Friday.
FX
DXY was firmer to start the week after President Trump commented that they will be announcing 25% tariffs on all steel and aluminium coming into the US on Monday and will announce reciprocal tariffs on Tuesday or Wednesday. This boosted the dollar against most of its major peers and resulted in the early underperformance of CAD.
EUR/USD briefly dipped beneath the 1.0300 level owing to the early dollar strength and with headwinds for the single currency amid the lingering US tariff threat against the EU.
GBP/USD traded indecisively and reverted to the 1.2400 level amid light pertinent catalysts and a quiet calendar for the UK to start the week, although BoE Governor Bailey is scheduled to speak on Tuesday and Q4 GDP data is due on Thursday.
USD/JPY continued its rebound from last week’s trough and was unfazed by the upside in Japanese yields.
Antipodeans initially retreated amid the tariff concerns with the US set to announce 25% tariffs on all steel and aluminium imports into the US, as well as reciprocal tariffs, as China’s retaliatory tariffs took effect. However, antipodeans then staged a recovery as the effects of the tariff headlines waned.
PBoC set USD/CNY mid-point at 7.1707 vs exp. 7.3050 (prev. 7.1699).
FIXED INCOME
10yr UST futures lacked direction with the attention in the US this week on tariffs, Powell’s testimony and CPI data.
Bund futures were uneventful after bouncing off near-term support around the 133.00 level late last week, while there were comments from German Chancellor Scholz that the EU could act in an hour when asked about readiness for possible US tariffs.
10yr JGB futures demand was subdued in the absence of tier-1 releases and as Japanese yields edged higher.
COMMODITIES
Crude futures gradually advanced following US President Trump’s tariff rhetoric but with gains capped amid the mixed risk appetite and after Trump commented that he spoke with Russian President Putin regarding ending the Ukraine war although offered very few details including when the call took place.
Iraq set Basrah medium crude official selling price to Asia at a premium of USD 2.65/bbl vs Oman/Dubai average and to Europe at a discount of USD 1.25/bbl vs Dated Brent, while it set the OSP to North and South America at a discount of USD 0.65/bbl vs ASCI, according to SOMO.
Estonia, Latvia and Lithuania have completed decoupling from the Russian power grid as planned and successfully synchronised their electricity systems to the European continental power grid.
Spot gold steadily gained with the precious metal approach closer towards retesting last week’s record highs.
Copper futures were ultimately rangebound amid the mixed risk appetite and with only mild upside seen after President Trump said they will be announcing on Monday 25% tariffs on all steel and aluminium coming into the US.
CRYPTO
Bitcoin saw two-way price action and rebounded from an earlier dip to test the USD 97,000 level to the upside.
NOTABLE ASIA-PAC HEADLINES
Shein reportedly asked China suppliers to add production lines in Vietnam, according to Bloomberg.
India’s Finance Minister Sitharaman said a new income tax bill will be introduced in parliament in the week ahead.
DATA RECAP
Chinese CPI MM (Jan) 0.7% vs. Exp. 0.8% (Prev. 0.0%)
Chinese CPI YY (Jan) 0.5% vs. Exp. 0.4% (Prev. 0.1%)
Chinese PPI YY (Jan) -2.3% vs. Exp. -2.1% (Prev. -2.3%)
GEOPOLITICS
MIDDLE EAST
Israeli PM Netanyahu dispatched a delegation to Qatar’s Doha for the next phase of ceasefire talks.
Israeli military said operations in the northern West Bank expanded to Nur Shams, while it added that several terrorists were killed and wanted suspects were detained. It was separately reported that Israel’s army confirmed it received three hostages and said it struck a Hamas weapons depot in Syria.
US President Trump said he is committed to buying and owning Gaza and may give sections to other states in the Middle East to rebuild it, while he added that they will make Gaza into a good site for future development. Trump also said that he will be meeting with Saudi Arabia’s Crown Prince MBS and Egyptian President Sisi, as well as noted that Middle Eastern nations will take Palestinians after those nations speak to him.
Hamas official condemned US President Trump’s remarks on Gaza ownership and said that Palestinians will foil all displacement plans, according to Reuters.
Turkish President Erdogan said that they have no need to discuss or take seriously US President Trump’s Gaza plan, while he added that no one has the power to remove the people of Gaza.
Qatar condemned statements by Israeli PM Netanyahu on establishing a Palestinian state inside Saudi territory.
Iran’s Supreme Leader Khamenei met with visiting top Hamas leaders in Tehran.
Egypt’s Foreign Minister heads to Washington for talks with US officials, according to AFP.
RUSSIA-UKRAINE
US President Trump said on Friday that he has spoken to Russian President Putin by phone regarding ending the Ukraine war, according to the New York Post.
US President Trump said he does not want to talk about his conversation with Russian President Putin but believes they are making progress and expects to have more conversations with Putin. Furthermore, Trump declined to say when they talked and noted that he would meet with Putin in person at the right time, according to Reuters.
Russia’s Kremlin said it can neither confirm nor deny publications regarding the Putin-Trump conversation, while Russia’s envoy to the UN said Russia awaits appropriate signals from the US regarding contacts with Moscow and that Russia has not yet seen positive steps from the new US administration on disarmament, according to RIA.
Russian Deputy Foreign Minister said Russia has not received any satisfactory proposals to start talks on Ukraine and statements by the West and Ukraine about an immediate start on talks are nothing but buzz building, according to RIA.
Russian Defence Ministry said Russian forces captured Orikhovo-Vasylivka in eastern Ukraine, while it was also reported that Russia said its troops repelled three Ukrainian counterattacks in the Kursk region.
Russia launched a drone attack on Ukraine’s capital Kyiv, according to the Mayor.
OTHER
North Korean leader Kim said the trilateral cooperation among the US, Japan and South Korea is raising a grave security challenge. It was also reported that North Korea noted its nuclear weapons are not a bargaining chip and that its nuclear forces are meant for combat against enemies that threaten global peace, according to KCNA.
EU/UK
NOTABLE HEADLINES
UK Health Minister Andrew Gwynne was fired by PM Starmer over his WhatsApp messages which insulted constituents, fellow MPs and councillors.
French President Macron said France will announce during the Paris AI summit opening on Monday EUR 109bln investments in AI over the coming years.
Germany’s election front-runner Merz said he was open to reforming Germany’s borrowing rules amid pressure regarding defence spending financing, according to the FT.
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
CHINA /
END
END
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
EUROPE/USA
Trump Says He’ll Impose 25% Tariffs On Steel And Aluminum On Monday
Sunday, Feb 09, 2025 – 07:21 PM
President Donald Trump said Sunday that he will announce on Monday new 25 percent tariffs on all steel and aluminum imports into the United States, the Epoch Times reported.
“Any steel coming into the United States is going to have a 25 percent tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he told reporters, “aluminum, too” will be subject to the trade penalties.
Trump on Sunday offered no details about the aluminum or steel tariffs. White House spokeswoman Karoline Leavitt said that the new tariffs would come on top of the existing duties on steel and aluminum.
Trump also told reporters that he would soon announce “reciprocal tariffs” on Tuesday or Wednesday, meaning that the United States could impose duties on products from countries that have placed tariffs on U.S. goods.
“If they are charging us 130 percent and we’re charging them nothing, it’s not going to stay that way,” he told reporters.
Steel and aluminum were among Trump’s earliest tariffs during his first term, implementing a 25% duty on steel and a 10% duty on aluminum in 2018 on grounds of national security.The steel tariffs also come amid a stalled deal by Japan’s Nippon Steel Corp. to buy US Steel Corp. for $14.1 billion. The transaction was blocked by former President Joe Biden and is also opposed by Trump.
Last week, Trump elaborated on the reciprocal tariffs during comments at the White House alongside Japanese Prime Minister Shigeru Ishiba.
“Where a country … charges us so much, and we do the same,” he said. “I think that’s the only fair way to do it. That way, nobody’s hurt.”
Trump also said that Nippon Steel is now considering investing in US Steel instead of purchasing the company outright. Trump told reporters on Sunday that Nippon Steel cannot have a majority stake in the US firm.
According to the U.S. Department of Commerce, the European Union levies as much as 50 percent tariffs on motorcycles and 10 percent on automobiles, while India places 60 percent duties on U.S. cars and hefty tariffs on agricultural products.
During the campaign, Trump often said that he would place tariffs on a variety of goods and countries, sometimes even suggesting that the United States could abolish the income tax in favor of tariffs.
Earlier this month, he warned that he would place a 25 percent tariff on goods from Canada and Mexico, along with a 10 percent tariff on Chinese goods, if those countries do not curb illegal immigration or fentanyl production and trafficking into the country. Ultimately, he pushed back the Canada and Mexico tariffs by a month after leaders of the two countries agreed to strengthen their border security.
“The orders make clear that the flow of contraband drugs like fentanyl to the United States, through illicit distribution networks, has created a national emergency, including a public health crisis,” Trump said in a statement before he agreed to not immediately issue those duties against Canada and Mexico. “Chinese officials have failed to take the actions necessary to stem the flow of precursor chemicals to known criminal cartels and shut down money laundering by transnational criminal organizations.”
Both Mexico and Canada said they would send thousands of troops to their respective borders with the United States to stanch the flow of illegal immigrants and fentanyl trafficking. The 10 percent tariff on China took effect on Feb. 4.
Or Levy (second right) on an IDF helicopter with his family after his release from Hamas captivity on February 8, 2025. (IDF)
Two Israeli hostages released by Hamas on Saturday, Or Levy and Eli Sharabi, have returned from Gaza in “poor” medical condition, the hospital where they are receiving care says.
“The consequences of 491 long days in captivity are evident on the two returnees who arrived today and their medical condition is poor. This is the fourth time in the current framework that we have received returnees and the situation is more serious this time,” Yael Frenkel Nir, the director of Sheba Medical Center, tells reporters.
Channel 12, meanwhile, says doctors at Sheba consider that the condition of today’s hostages is worse than that of those who have been freed in the past. The protracted time in captivity is evident in “a significant deterioration” in the condition of the hostages freed today, it quotes officials at the hospital saying. Their condition raises “profound and serious concerns” regarding the conditions of those who are still held hostage.
The various comments from health officials regarding today’s hostages, Channel 12’s health reporter says, indicate that Hamas “is starving our hostages.”
ISRAEL/HAMAS/ HOSTAGES
EPOCH TIMES
Hamas Releases 3 Israeli Hostages in Emaciated Condition
Hamas released Eli Sharabi, Ohad Ben Ami, and Or Levy to Israel in poor physical condition after forcing them to participate in a ceremony in Gaza.
A member of the Islamic Jihad group holds his weapon as Israeli hostages are escorted to be handed over to the Red Cross in Khan Younis, southern Gaza Strip, Thursday Jan. 30, 2025. Abdel Kareem Hana, File /AP Photo
Three Israeli hostages are being released by the terror group Hamas in exchange for 183 Palestinian prisoners.
Eli Sharabi, Ohad Ben Ami, and Or Levy were among the 251 people taken hostage by Hamas when it launched a brutal terror attack into Israel on Oct. 7, 2023.
The trio appeared in much worse condition than the previous hostages released by Hamas, and were forced by armed men to read statements to a crowd of hundreds before being handed to the Red Cross to be taken back to Israel on Feb. 8.
Sharabi and Ben Ami were both captured from Kibbutz Beeri, one of the hardest-hit farming communities, while Levy was abducted from the Nova music festival.
Sharabi’s wife and two teenage daughters were killed in the attack. His brother Yossi was also abducted and died in captivity. Levy’s wife was killed during the attack and his now 3-year-old son has been cared for by relatives.
It is unclear whether either of the men were aware of what had happened to their family members.
Ben Ami, a father of three, was kidnapped with his wife, Raz, who was released during a weeklong cease-fire in November 2023.
The hostages’ emaciation and scenes of them being forced to speak in a staged ceremony have caused outrage in Israel, further threatening the already fragile cease-fire brought into effect last month.
“This is what a crime against humanity looks like,” Israeli President Isaac Herzog said.
“Israel views Hamas’ repeated violations with great severity, and the condition of the three hostages who were released this morning with even greater severity,” said Gal Hirsch, the Israeli coordinator for hostages.
Fears about the condition of the prisoners still in captivity are leading to some uncertainty as to whether Israeli Prime Minister Benjamin Netanyahu will prioritize extending the six-week pause in fighting to secure more hostages or resume fighting in Gaza to eliminate Hamas more completely.
Israeli opposition leader Yair Lapid said the “difficult scenes” were reason to extend the truce and bring home the remaining hostages.
Netanyahu has previously signaled he could resume the war, even if that meant leaving dozens of remaining hostages in Hamas captivity. The war could resume in early March if no agreement is reached.
Hirsch said that “action will be taken accordingly” in response to the conditions of the freed hostages and their forced participation in Hamas ceremonies.
“We will not remain silent about this,” he said.
Hamas’ military wing, the Qassam Brigades, claimed it had made efforts to protect the Israeli hostages while coming under bombardment from Israeli forces over the last year and a half.
Further complicating the cease-fire calculus has been a proposal by U.S. President Donald Trump to “clean out” Gaza by relocating Palestinians to Jordan and Egypt so that the United States can take over and rebuild the territory.
The plan drew condemnation from Arab leaders, with Egypt, Jordan, Saudi Arabia, the United Arab Emirates, Qatar, the Palestinian Authority, and the Arab League formally dismissing any plan to move Palestinians out of Gaza.
Israel released 183 Palestinian prisoners in exchange for the three hostages, seven of whom were taken to hospitals for treatment, according to the Red Crescent.
The Palestinian prisoners released by Israel include 18 serving life sentences for deadly attacks on Israelis, 54 serving long-term sentences, and 111 Palestinians from Gaza detained after the Oct. 7 attack but not tried for any crime. All are men and are aged between 20 and 61.
The first phase of the cease-fire calls for the release of 33 hostages, some living and some dead, in return for nearly 2,000 prisoners, the return of Palestinians to northern Gaza, and an increase in humanitarian aid to the territory.
More than 70 hostages remain in Gaza, of whom Israel says 34 are believed to be dead.
Hamas says it won’t release the remaining hostages without an end to the war and a full Israeli withdrawal from Gaza.
The Associated Press and Reuters contributed to this report.
END
Gaunt and frail, hostages Eli Sharabi, Or Levy and Ohad Ben Ami freed after 16 months
Sharabi did not know his wife, daughters were murdered on Oct. 7; Levy’s wife was also murdered; Hostages forum: ‘Horrifying images’ of the 3 at Hamas handover show urgent need for all captives to come home
Footage shows Red Cross vehicles arriving in Gaza’s Deir al-Balah to collect Israeli hostages Eli Sharabi, Or Levy and Ohad Ben Ami, who are then seen on stage flanked by Hamas gunmen, February 8, 2025 (Reuters/Anadolu Agency); left to right: Eli Sharabi, Or Levy and Ohad Ben Ami, moments before being handed over to the Red Cross (Eyad BABA / AFP)
Three hostages abducted during the October 7, 2023, attack were released by Hamas on Saturday, with the men looking gaunt and unsteady on their feet as they were released by the terror group, 16 months after they were kidnapped from Kibbutz Be’eri and the Nova music festival.
Eli Sharabi, 52, Or Levy, 34, and Ohad Ben Ami, 56, all appeared extremely thin and frail, and while they were able to walk, seemed to be unsteady on their feet.
Sharabi and Levy were coming home to a tragic new reality — Sharabi’s wife and two teenage daughters were murdered on October 7, and Levy’s wife was also killed that day.
According to reports, Sharabi did not know that his wife and daughters had been killed. His mother and sister, who reunited with him on his arrival back in Israel, told him the terrible news, having prepared ahead of time for how to break it to him, the report says.
It was unclear if Levy had known about his wife.
Their relatives have received guidance from professionals on how to deal with the situation.
Left to right: Eli Sharabi, Or Levy and Ohad Ben Ami seen on a stage set up by Hamas in Deir el-Balah, central Gaza, before the terror group handed them over to the Red Cross, February 8, 2025 (Eyad BABA / AFP)
Michal Cohen, the mother of Ben Ami, said she was devastated to see her son look so thin and unwell.
“He looks terrible. He is 57, but he looks ten years older. It is so sad for me to see him like this,” she said. “He looked like a skeleton.”
Michal Cohen, the mother of Ohad Ben Ami, watches a broadcast of his release in Tel Aviv on February 8, 2025 (Menahem Kahana / AFP)
Tal Levy, brother of Or Levy, told Channel 12 that his brother “looks very, very thin, and it’s indeed very difficult to see him,” but “he’s coming back and he’ll recover.”
He stressed that “today more than ever: all the hostages need to come back…we must see this deal through.”
Sharabi and Ben Ami wore brown outfits declaring them to be “prisoners” while Levy was dressed in an approximation of an Israel Defense Forces uniform — even though he is a civilian. Hamas considers all Israeli men under the age of 50 to be soldiers.
Hamas set up a stage for the handover to the Red Cross in Deir al-Balah, decorated with a sign declaring “total victory,” the catchphrase used by Prime Minister Benjamin Netanyahu throughout the war.
Deir al-Balah, a city in central Gaza, is one of the few areas in the Strip where the IDF had not intensively operated with ground forces. Unlike other areas of Gaza, most of the buildings in Deir al-Balah are standing. Deir al-Balah was also part of the Israeli-designated “humanitarian zone,” where most aid was directed.
Palestinian Hamas gunmen parade Israeli hostages (L-R) Ohad Ben Ami, Or Levy and Eli Sharabi on a stage before handing them over to a Red Cross team in Deir el-Balah, central Gaza, on February 8, 2025 (Bashar TALEB / AFP)
As has now become a regular part of the proceedings, representatives of the International Red Cross sat at desks on the stages to sign the so-called handover documents produced by the terror group.
The three men were made to speak while on stage, carrying the now ubiquitous certificates of their release before they were handed over to the Red Cross. None of the hostages has been visited by the humanitarian organization while held captive.
Considered to be propaganda by the Hamas terror group, Israeli outlets have not reported what the men were made to say.
The Red Cross transported the freed hostages to IDF and Shin Bet forces inside Gaza, after which they were escorted out of the Strip to a military facility near the border to reunite with family members and undergo initial assessments by doctors and mental health officers.
Hamas gunmen stand in formation ahead of a hostage release in Deir al-Balah, central Gaza Strip, Saturday Feb. 8, 2025. (AP Photo/Abdel Kareem Hana)
Supporters of the three men lined the route near the base close to Re’im, waving flags and holding placards welcoming their return.
Crowds also gathered in Tel Aviv’s Hostages Square to watch the release of the hostages on a big screen set up at the location that has become a focus point for the fight to secure the release of the captives.
Sharabi was kidnapped from Kibbutz Be’eri when Hamas terrorists rampaged through southern Israel on October 7, 2023. His wife Lianne and their daughters, Noiya, 16, and Yahel, 13, all dual British-Israeli citizens, were murdered in their home’s safe room, and he and his brother Yossi were taken captive.
Eli Sharabi was taken captive on October 7, 2023 by Hamas terrorists while his wife Lianne and their two daughters, Noiya and Yahel, were killed. (Courtesy)
Yossi Sharabi has since been confirmed dead and Hamas is holding his body. The IDF has said he was likely killed as a result of an Israeli military strike.
Levy, 34, was kidnapped from the Supernova rave near Kibbutz Re’im on October 7.
He and his wife Eynav arrived at the festival just before the deadly Hamas onslaught began. They headed for their car when the rockets started, then sought refuge in a roadside bomb shelter.
Several days later, the IDF informed the family that Eynav had been killed and her body had been found in the shelter and that Or had been taken captive.
Or Levy (left) and Eynav Levy, who went to the Supernova desert rave on October 7, 2023. (Michael Levy via AP)
He had been told for the past 16 months that his father was missing and being searched for — Levy’s brother Michael wrote on Facebook on Friday: “Mogi, we found your dad.”
Levy’s mother Geula, who met him at Re’im, said ahead of the release that it was not clear if he knew that his wife Eynav was killed on October 7, 2023.
“We don’t know if Or knows that his wife was murdered, but from what we have heard the terrorists very much enjoyed telling the hostages that their loved ones had been killed and causing them pain and suffering,” she told Army Radio.
Women hold posters bearing photos of Ohad Ben Ami (L) and Or Levy, two of three Israeli hostages to be released by Hamas on February 8, 2025, as friends and supporters of hostages held in the Gaza Strip since the October 7, 2023 Hamas attacks on Israel, gather at hostage square in Tel Aviv. (Ahmad GHARABLI / AFP)
Dual Israeli-German national Ben Ami was kidnapped from Be’eri. His wife Raz Ben Ami was also abducted, and released as part of a week-long ceasefire in November 2023. Their daughters campaigned hard for their freedom.
On October 7, 2023, one of the first images to emerge from Gaza of a hostage taken there was of Ohad Ben Ami being dragged through a street.
The Hostages and Missing Families Forum urged the immediate release of the remainder of Israeli hostages after images emerged of the three men looking severely malnourished and frail.
“The horrifying images of Ohad, Eli, and Or reveal the devastating toll of 491 days in Hamas captivity,” the forum said. “These are men who have endured hell itself. This is a crime against humanity.
Friends and relatives of Ohad Ben Ami and Eli Sharabi watch the live broadcast of their release from Hamas captivity in Gaza, at Kibbutz Be’eri on Feb. 8, 2025 (AP Photo/Maya Alleruzzo)
“These disturbing images show the entire world the desperate reality facing every hostage still held in Gaza. These images evoke the horrifying pictures from the liberation of the camps in 1945, the darkest chapter of our history. We have to get ALL OF THE HOSTAGES out of hell,” the forum statement said. “There can be no more delays – a second stage of the hostage deal must be implemented immediately.”
The Hamas prisoners’ media office said Israel was expected to free 183 Palestinians in exchange for the release of three hostages, including 18 who have been serving life sentences, 54 serving long sentences and 111 who were detained in the Gaza Strip during the war.
Uncertainty around the ceasefire has mounted following US President Donald Trump’s surprise announcement this week that he wants Gaza to be taken over by the United States.
Trump said on Tuesday he wanted to move the population of Gaza to a third country like Egypt or Jordan and place the small coastal enclave under US control to be developed into the “Riviera of the Middle East.” On Friday he said there was “no rush” to implement the plan.
Netanyahu endorsed Trump’s vision for Gaza as a “remarkable” plan, but it was immediately rejected by Arab countries, Palestinian groups including Hamas and the Palestinian Authority, and many Gazans, who said they would rebuild their homes themselves.
US President Donald Trump speaks during the National Prayer Breakfast at the Washington Hilton in Washington, DC, on February 6, 2025. (Ting Shen/AFP)
So far, 16 Israeli hostages of the 33 children, women and older men set to be released in the first, 42-day phase of the agreement have come home, along with five Thai hostages. Hundreds of Palestinian terror convicts have been released under the deal.
Work on the potential second stage of the multi-phase agreement, aimed at securing the release of around 60 male hostages and the withdrawal of Israeli troops from Gaza, has begun and an Israeli negotiating team was expected to fly on Saturday to Doha, Hebrew media reported on Friday.
In total, Israel has said it would release up to 1,904 Palestinian prisoners — including 737 serving life terms for dozens of murders — in return for 33 Israeli hostages during the deal’s first phase.
Israeli security personnel stand outside Ofer military prison near Jerusalem on February 8, 2025. (AP Photo/Mahmoud Illean)
Though talks for the second phase were supposed to commence Monday, Netanyahu has pushed off sending a negotiating team, reportedly until he returns from Washington next week, in what would apparently be a violation of the deal’s terms.
A working-level negotiating team, led by the outgoing Shin Bet deputy director — known by his Hebrew initial “Mem” — is expected in Doha over the weekend, but is empowered to discuss only the first phase, not the second, according to Channel 12.
The delay in talks on the second phase has deeply worried the families of male hostages and those who have been killed, and are not set to be released until phases two and three.
Seventy-three of the 251 hostages abducted by Hamas on October 7 remain in Gaza, including the bodies of at least 34 confirmed dead by the IDF. Hamas is also holding two Israeli civilians who entered the Strip in 2014 and 2015, as well as the body of an IDF soldier who was killed in 2014.
END/
LEBANON
Lebanese PM Forms New Government, Includes Hezbollah, Rejecting Trump Envoy’s ‘Red Lines’
Prime Minister Nawaf Salam officially announced the formation of a new government for Lebanon on Saturday, naming 24 ministers to his cabinet, including five allied with the so-called “Shia duo” of Hezbollah and the Amal Movement.
“Reform is the only path to salvation, and the government will work to restore trust between the citizen and the state,” Salam said during a short speech from Baabda Palace following the announcement. “The government will work in harmony among its members, and diversity will not be a source of disruption. I envision establishing a state of law and institutions, and we are laying the foundations for reform and rescue. No government formation will satisfy everyone, but we will work in unity,” the premier added.
Salam also stressed his government would “complete the implementation of [UNSC] Resolution 1701 and the ceasefire agreement” with Israel, stressing that Israeli occupation troops must “withdraw to the last inch of Lebanese territory.”
Lebanese officials revealed that the first Cabinet session will be held on Tuesday at Baabda Palace, following the official group photo. The successful formation of Salam’s government comes one day after US special envoy to West Asia Morgan Ortagus declared during a news conference that Hezbollah would not be a part of the Lebanese government and that its “reign of terror” was “over.”
“We have set clear red lines from the US that they won’t be able to terrorize the Lebanese people, and that includes by being a part of the government,” Ortagus said while alongside Lebanese President Joseph Aoun.
Despite Washington’s interventionist statements, the country’s new cabinet is split evenly between Christian and Muslim sects, including five ministries headed by allies of Hezbollah and Amal.
According to local reports, these are: Minister of Interior Ahmad Hajjar; Minister of Finance Yassine Jaber; Minister of Health Rakan Nasereddine; Minister of Labor Mohammad Haidar; and Minister of the Displaced Kamal Chehade.
“After all the threats and arrogance, the [Shia duo] entered the government in full partnership. Not a single name has changed after Ortagus’s words, and the duo ultimately approved the appointment of the fifth minister,” Lebanese journalist Hosam Matar said via social media, referring to a reported dispute between Salam and the Shia parties over their representation in government.
“Lebanon announces the birth of a new 24-Ministers government and did not exclude Hezbollah.” – Elijah Magnier
According to a statement issued by the Lebanese president’s office, the new cabinet members “are nonpartisan,” and Salam’s government was formed “based on competence, experience, specialization, CV, and good reputation.” Saturday’s cabinet formation also marked the end of the caretaker government of long-serving prime minister Najib Mikati.
Following general elections in 2022, Lebanon was mired in a years-long presidential deadlock. This impasse was broken late last year after the implementation of a one-sided ceasefire deal with Israel. Under heavy US and Gulf pressure, the Lebanese parliament elected former armed forces commander Joseph Aoun as President. He elected former chief judge at the International Court of Justice (ICJ) Nawaf Salam to head the government as Prime Minister.
end
ISRAEL/HAMAS HOSTAGES/MONDAY MORNING
Gaza hostage deal talks: Mossad, not Dermer, leads talks, but not on phase 2 – analysis
Barnea is still running that process to ensure the receipt of each hostage from Hamas as part of Phase I of the January 19 – March 1 deal.
By YONAH JEREMY BOBFEBRUARY 10, 2025 11:54Updated: FEBRUARY 10, 2025 14:59
Mossad director David Barnea seen over a wall of hostage posters in Tel Aviv (illustrative)(photo credit: FLASH90)
Reports last week that Strategic Affairs Minister Ron Dermer replaced Mossad Director David Barnea to run the hostage talks with Hamas were a misnomer.
Barnea is still running that process to ensure the receipt of each hostage from Hamas as part of Phase I of the January 19 – March 1 deal.
However, regarding negotiations for Phases II and III of the deal for returning the remaining around 80 mixed live and deceased hostages, the Jerusalem Post has learned that Dermer has not actually replaced the Mossad chief because there are no negotiations taking place.
The negotiations team sent to Doha this week went several days later than it was supposed to have gone under the hostage deal, and it has been made clear that the team was only sent under pressure by US President Donald Trump and has no mandate. The security cabinet is not even meeting to set negotiating positions until tomorrow night.
Rather, the current negotiations and the many complaints against Hamas for “surprising” violations of hostages’ health or dishonoring them with staged appearances (as if anyone thought that a murderous radical sect like Hamas had been treating them well in the Gazan tunnels) are all part of a smokescreen to lead to the negotiations falling apart before they move into Phase II.
Ron Dermer in 2019. (credit: Alex Wong/Getty Images)
If only two weeks ago, many were talking about Finance Minister Betzalel Smotrich leaving the government to join Otzma Yehudit party leader Itamar Ben Gvir in protest over ending the war, perceptions have shifted that Smotrich is going nowhere, and the chances of Ben Gvir returning, since the IDF will not fully withdraw from Gaza, are becoming much larger.
Many ask if the hostage deal will continue
The biggest question that many observers are asking themselves now is: will Israel even get back the last 11 hostages due on March 1, and will Israel even get back some of the hostages due on February 22 if Prime Minister Benjamin Netanyahu continues to send clear and repeated signals that there will be no Phase II.
Put differently, if Hamas knows that the IDF will not withdraw from the Philadelphi Corridor and from a 700-1,100 meter Gaza perimeter, what incentive does it have to keep sending back Israeli hostages, even those that are part of the end of Phase I of the deal.
Of course, they are getting Palestinian security prisoners back for each hostage. But near the end of the deal, the value for them of such prisoners becomes smaller, and the value of each hostage, their only “life insurance plan” and leverage to try to get the |IDF to complete a Gaza withdrawal, becomes far larger.
The closer we get to March 1 without even having serious talks about how many hostages will be released per week for how many Palestinian security prisoners, the harder it becomes practically for such continued exchanges to even be feasible.
Also, if there were expected to be talks starting on February 3 about the “Day After” in Gaza, the pushing of Trump’s new ideas about transferring the Gaza population have all but shut down such talks. Of course, if lightning strikes and magically the Gaza population decide to leave and magically other Arab countries agree to take them in, virtually all of the issues will be solved (though unclear what would happen to the hostages.)
But if this magic does not happen, it means that each day Hamas’s political control in Gaza is growing and it is becoming more potentially difficult to inject new parties into Gaza to displace them politically.
Unclear what’s next
It is possible that Netanyahu really does intend to return to war in Gaza or a mini-war of smaller penetrations into specific parts of Gaza with smaller groups of forces – not so different from how the West Bank looks now.
It is also possible that Netanyahu will not send the IDF back into Gaza, for now, to penetrate anywhere, but will create an indefinite limbo in which some IDF forces remain at the Philadelphi Corridor and the Gaza perimeter.
On one hand, this would allow Hamas to exert control over 90% plus of Gaza,
On the other hand, they would have to put up with Israel infringing on their “sovereignty” in ways that did not happen before October 7.
Another possibility is that Netanyahu will threaten to continue mini penetrations and airstrikes unless Hamas keeps providing Israel with around three hostages every week.
Hamas might play such a game a little bit, but after a few months, it would run out of hostages, so it is unlikely that it would keep playing such a game for all that long.
Yet another possibility is that the Saudis offer Israel normalization in exchange for an end to the war and full Gaza withdrawal but reduce their price regarding a Palestinian state enough that Netanyahu is willing to take the deal.
Nothing the Saudis have said has indicated they would make such dramatic concessions, but no one expected the UAE to normalize without any permanent concession toward the Palestinians either – and they did.
This certainly is part of the back story for Netanyahu to Trump’s pushing for transferring the Gazan population – an even more extreme option to try to get the Saudis to make concessions.
Either way, having Barnea and Mossad dig into negotiations over Phases II and III of the hostage deal is not in Netanyahu’s interest as long as he is not in favor of extending the deal beyond March 1.
END
ISRAEL//MONDAY HEADLINES/TIMES OF ISRAEL
PA told Trump aides it’s prepared to end ‘pay-to-slay’ stipends — sources
Israeli team back from Doha ahead of cabinet meeting on 2nd phase of Gaza deal * At criminal trial testimony, PM says he’s facing ‘medical challenges’ * Yarden Bibas leaves hospital
US President Donald Trump says Palestinians would have no right of return to Gaza under his plan for the United States to take over the territory, in an interview excerpt released today.
“No, they wouldn’t, because they’re going to have much better housing,” Trump tells Fox News Channel’s Bret Baier when asked if the Palestinians would have the right to return.
“In other words, I’m talking about building a permanent place for them.”
🇺🇸🇮🇱 — WATCH: Fox News Host Bret Baier: "Will the Palestinians have the right to return?"
In presenting his plan last week, Trump initially said Palestinians would be permanently resettled, though his press secretary Karoline Leavitt quickly walked back the assertion, saying instead that Gazans should instead be “temporarily relocated” for the rebuilding process.
And in a series of interviews aired over the weekend, Prime Minister Benjamin Netanyahu said that under Trump’s plan to relocate Gazans, Palestinians would eventually be able to return home after being screened.
end
Israeli forces in northern West Bank detain prominent Hamas operative planning to carry out terror attacks
A prominent Hamas operative who was planning to carry out terror attacks was detained by Israeli forces in the Jenin area in the northern West Bank last night, authorities say.
Members of the Shin Bet security agency, the police’s Yamam counter-terrorism unit, and the IDF operated last night in the village of Silat al-Harithiya and detained several suspects who had been wanted by Israel for a long time.
The detained Palestinians “over the past few months had planned to carry out attacks on behalf of Hamas against Israeli civilians and IDF troops” in the West Bank, the Shin Bet, police, and IDF say in a joint statement.
Among those detained was Alaa al-Bitawi, a resident of Jenin, identified by the Shin Bet as “one of the heads of Hamas” in the Jenin camp.
A handgun and several explosive devices were seized during the arrest of al-Bitawi and the other suspects, the statement adds.
Deepstate striking back again! Democrats/left etc. doing what they do best, that is use the judicial branch over the executive/legislative branch; Musk CANNOT now access critical Treasury payment
restricted Elon Musk’s government efficiency team from accessing a critical Treasury Department payment system.
The judge’s order, issued Saturday, halts access to a sensitive payment system that distributes Americans’ tax returns, Social Security benefits, disability payments and federal employees’ salaries.
Developing, will share more as I learn more!
US District Judge Paul Engelmayer ordered the destruction of any downloaded information from the payment system by anyone given access to it since January 20, citing “the risk that the new policy presents of the disclosure of sensitive and confidential information and the heightened risk that the systems in question will be more vulnerable than before to hacking.”
A hearing on the matter was set for February 14.
The suit alleges the team led by Musk and staffed by young associates categorized as “special government employees” have been unlawfully granted access to the Treasury system that previously was restricted to specific government employees.
DOGE’s actions have ignited a tense political debate and emergency court proceedings over its access to the system and the administration’s potential interest in using it to turn off payments as it chooses.
“The conduct of Doge members presents a unique security risk to the States and State residents whose data is held,” the lawsuit said.
Woke Bishop who chastised Trump’s policies exposed to have received $53 million in taxpayer moneyBishop Mariann Budde, who made headlines for criticizing former President Donald Trump during an inaugural prayer service, has been found to have secured $53 million in taxpayer funds through her organization, Episcopal Migration Ministries (EMM).Budde, a vocal advocate for immigration and LGBTQ rights, used her platform during the 2017 inaugural prayer service at Washington National Cathedral to call on Trump …READ MORE
Aircraft carrying 10 people vanishes mid-air over AlaskaA Bering Air Cessna 208B Grand Caravan carrying 10 people—nine passengers and one pilot—has vanished from radar while flying over western Alaska. The aircraft was traveling from Unalakleet to Nome when communication was lost around 4 p.m. local time. According to flight records, the plane departed Unalakleet at 2:37 p.m., and contact was severed less than an hour later. “On …
LATEST REPORTS FOR NEWS JUNKIESPhoto of Trump, Elon Musk, and Tucker Carlson Goes ViralA photo has gone viral online of President Donald Trump with billionaire Elon Musk and conservative host Tucker Carlson at the White House.The official X account for President Donald Trump shared a photo of the trio on Friday morning, where Musk and Carlson are wearing oversized MAGA (Make America Great Again) hats.Trump can be seen giving a thumbs-up with a …READ THE FULL REPORTTrump Revokes Joe Biden’s Security Clearance, Literally Says ‘You’re Fired’President Donald Trump has yanked away the security clearance given to former President Joe Biden.Trump made the announcement Friday in a post on Truth Social.“There is no need for Joe Biden to continue receiving access to classified information. Therefore, we are immediately revoking Joe Biden’s Security Clearances, and stopping his daily Intelligence Briefings,” Trump wrote.Trump added that Biden has no …READ THE FULL REPORTPresident Trump RESPONDS to Dem criticism of DOGE, reveals where he’s sending them next…President Trump was asked a few moments ago in his press conference to respond to the criticism of DOGE leveled by Democrats, specifically how they call it an unlawful power grab. The reporter asks if there is anything Trump has told Elon Musk he cannot touch. Trump suggested they really haven’t discussed that, and went on to explain how DOGE …READ THE FULL REPORTWSJ Reporter Who Doxxed Musk DOGE Team Member Was Former State Dept, USAID, WorkerMarko Elez is a 25 year old who has the trust and support of the world’s richest man, Elon Musk to help root out problems as part of the Department of Government Efficiency, aka “DOGE.”He and others of the DOGE team were doxxed several days ago in an article in Wired, along with other articles and posts on X.Elez was …READ THE FULL REPORTHere’s How Many Illegal Aliens ICE Arrested in the First 18 DaysPresident Donald Trump’s Immigration and Customs Enforcement (ICE) has racked up 11,000 illegal alien arrests in the first 18 days of this administration as the president seeks to enact the largest mass deportation operation in the history of the United States.The figure, reported by the New York Post, includes a multitude of violent criminal offenders and members of gangs and …
LATEST NEWS
———- Forwarded message ——— From: News Addicts <mail@newsaddicts.com> Date: Mon, Feb 10, 2025 at 9:16 AM Subject: Trump Releases Powerful Ad in Support of Secret Service Prior to Super Bowl LIX To: Milan Sabioncello <sabioncello@gmail.com>
LATEST REPORTS FOR NEWS JUNKIESTrump Releases Powerful Ad in Support of Secret Service Prior to Super Bowl LIXPresident Donald Trump released a powerful new ad on X Social and Truth Social in support of the US Secret Service prior to the kick off to Super Bowl LIX.The ad covers several significant moments in US history including the attempted assassination of Ronald Reagan in New York City and President Trump in Butler, Pennsylvania.Here is the text to the …READ THE FULL REPORTWatch: Taylor Swift Receives Loud Boos at Super BowlFootage from a Super Bowl attendee appears to show Taylor Swift getting loudly booed at Super Bowl 59 when the camera panned to her during a commercial break. When the boos echoed through the crowd, Swift can be seen looking confused at the crowd reaction.“What is going on,” she appears to say.Watch:Taylor Swift got mercilessly booed. Trump got a hero’s …READ THE FULL REPORTSecDef Pete Hegseth publicly welcomes BACK a Blackhawk instructor pilot who quit because the jabSecretary of Defense Pete Hegseth just publicly welcomed back a Blackhawk instructor pilot to said on Twitter that he quit because of the jab in 2020. This pilot told Hegseth that he’s currently working for an airline but was considering returning given the big course correction he’s seeing it the DOD. Hegseth responded, “We’d love to have you back.” We …READ THE FULL REPORTTrump Begrudgingly Predicts Who Will Win Super Bowl 2025 — And Calls Out a Famous WAGPresident Trump and pop icon Taylor Swift are on the same side this Super Bowl.When asked who he thinks will win Super Bowl LIX, Trump begrudgingly revealed his prediction that the Kansas City Chiefs would prevail over the Philadelphia Eagles.“I hate to do it,” Trump, 78, said when pressed by Fox News’ Bret Baier during a pregame interview about his …READ THE FULL REPORT‘Great Honor,’ ‘Cool’: NFL Players React to Trump Attending Super BowlSome of the biggest names playing in Super Bowl LIX have welcomed President Donald Trump’s attendance at the game, with one calling it a “great honor.”The Kansas City Chiefs are seeking a three-peat Super Bowl victory on Sunday in a matchup against the Philadelphia Eagles. The Chiefs and Eagles last met in the big game in 2023 when Kansas City …READ THE FULL REPORT
LATEST REPORTS FOR NEWS JUNKIESKaroline Leavitt Unveils Trump’s Sweeping Tax PlanWhite House Press Secretary Karoline Leavitt outlined President Donald Trump’s latest tax plan in a press briefing Tuesday. The plan includes sweeping tax cuts for middle-class Americans and targets loopholes used by billionaire sports team owners and Wall Street executives.“These are the tax priorities of the Trump administration that the president has laid out for members in that meeting today,” …READ THE FULL REPORT‘Cancel Every Single Media Contract’: Trump Takes Strong Action After Shocking DOGE FindingsThe Trump administration on Thursday ordered the General Services Administration (GSA) to “cancel every single media contract” by the end of the day.The email follows shocking findings from DOGE, the Department of Government Efficiency, namely that legacy media outlets were taking in millions of dollars from the federal government through mass subscription contracts. For example, the federal government paid more …READ THE FULL REPORTBIG Trump just ordered an AUDIT of all NGOs getting federal fundingPresident Trump just signed an executive order requiring an audit of all NGOs (Non-Governmental Organizations) getting federal funding. This comes after Biden gave NGOs truckloads of taxpayer money to facilitate illegal immigration into this country. It will now come to an end! US to AUDIT all NGOs getting federal funding Trump signs executive memo pic.twitter.com/CUROeX8cQO — RT (@RT_com) February 6, …READ THE FULL REPORTWatch: Japan Airlines Flight Collides with Delta Flight at Seattle AirportA Japan Airlines plane collided with a parked Delta Air Lines flight that was waiting to take off at Seattle-Tacoma International Airport on Wednesday, according to videos that circulated online.Delta said that it had 142 passengers on board at the time of the accident, according to The New York Times. The plane was scheduled to fly to Mexico and was …READ THE FULL REPORTMayor Charged with Dozens of Counts Including Violating Oath of Office, Bribery, FraudThe Georgia Bureau of Investigation (GBI) has arrested Pearson Mayor Robert “Buster” Johnson, 49, following an investigation into allegations of fraud, bribery, and other criminal activities.According to the GBI, the inquiry began after the Alapaha Judicial Circuit District Attorney’s Office received complaints regarding Johnson’s alleged involvement in fraudulent schemes.The district attorney’s office then requested the GBI’s assistance in reviewing the …READ THE FULL REPORT
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL
Incoming Polar Blast Sends EU NatGas To Two-Year High As Stockpiles Dwindle
Monday, Feb 10, 2025 – 07:20 AM
European natural gas prices surged to a two-year high as new weather models forecast an incoming cold snap across Northwest Europe this week, expected to linger through early next week. Another driver in the rally has been the bloc’s dwindling NatGas inventories, which remain well below critical seasonal averages, heightening supply concerns ahead of spring.
The price of the Dutch TTF, the benchmark European NatGas, climbed as much as 5.4% on Monday to 58.75 euros a megawatt-hour – the highest level since February 2023.
According to Bloomberg data, weather models forecast that average temperatures across Northwest Europe will begin sliding this week and reach a low of 29F by early next Tuesday. The average temperature for the region this time of year is around 40F.
The cold blast will increase NatGas demand and further drain stockpiles on the continent, which are already below 15-year averages. As of Saturday, EU NatGas storage facilities were about 49% full.
“The risk of the European Union entering the spring with very low gas inventories has increased in the last couple of weeks,” said Arne Lohmann Rasmussen, chief analyst at Global Risk Management, who Bloomberg quoted.
Lohmann noted, “Not only has the front month spiked, but we have also seen a rise in 2026–2027 calendar prices.”
Traders also watch the risks of a broadening tariff trade war between President Trump and Brussels. On Sunday, Trump said he would soon introduce a 25% tariff on all steel and aluminum imports into the US.
French Foreign Minister Jean-Noel Barrot responded to Trump’s tariff threat, indicating the bloc should not hesitate to defend its interests.
“Of course… This is already what Donald Trump did in 2018, and we responded. We will again respond,” Barrot said.
“Trump could act as the LNG marketer-in-chief,” Anne-Sophie Corbeau, a global researcher at Columbia University’s Center on Global Energy Policy, said in a recent webinar. However, it remains to be seen how successful he will be in selling more LNG to Europe amid tariff wars.
Since Russia invaded Ukraine in early 2022, Europe has been rejiggering its LNG supplies from Moscow to the US.
The EU may purchase more US LNG to satisfy Trump to resolve any trade disputes.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0322 DOWN 2 BASIS PTS
USA/ YEN 151.97 UP 0.740 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS AGAIN OCT 2024/Bank of Japan raises rates by .15% to 1.15..UEDA ENDS HIKING RATES AND NOW CARRY TRADES RE INVENTS ITSELF//
GBP/USA 1.2398 UP 0.0033 OR 33 PTS
USA/CAN DOLLAR: 1.4340 UP 0.0063 (CDN DOLLAR DOWN 63 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 18.50 PTS OR 0.56%
Hang Seng CLOSED UP 388.44 PTS OR 1.84%
AUSTRALIA CLOSED DOWN 0.34%
// EUROPEAN BOURSE: ALL MOSTLY GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 388.44 PTS OR 1.84%
/SHANGHAI CLOSED UP 18.50 PTS OR 0.56%
AUSTRALIA BOURSE CLOSED DOWN 0.34%
(Nikkei (Japan) CLOSED UP 14.15 PTS OR 0.04%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2906.05
silver:$32.22
USA dollar index early MONDAY morning: 108.08 UP 16 BASIS POINTS FROM FRISDAY’s CLOSE.
On Jan. 20, President Donald Trump signed an executive order that started a process by which international organized crime cartels would be designated as “Foreign Terrorist Organizations” or “Specially Designated Global Terrorists.”
The designations would give the U.S. government power to go after the cartels’ finances, target those who supply them with weapons, and even carry out military strikes against cartel-owned facilities.
With groups such as the Sinaloa cartel, MS-13 from El Salvador, and Venezuela’s Tren de Aragua posing a serious threat to the United States, analysts say these new terrorist designations could have far-reaching consequences.
The Trump administration has not gone into detail about how it plans to use the new powers, but on Jan. 31, Defense Secretary Pete Hegseth said he would not rule out military strikes against the cartels.
On Feb. 3, following Trump’s tariffs threat, Canada announced it would invest $200 million and appoint a czar to investigate the fentanyl trade and would also designate the cartels as terrorist organizations.
Ioan Grillo, a Mexico-based journalist and author of several books, including “El Narco, The Bloody Rise of Mexican Drug Cartels,” told The Epoch Times the terrorist designations would provide the U.S. government with more power to go after the cartels’ finances.
He said it could also be used to target arms dealers in the United States who provide weapons for them.
“You could go after people trafficking firearms to the cartels, you could arrest them for providing material to a foreign terrorist organization,” Grillo said.
Organized crime syndicates such as Tren de Aragua and the Sinaloa cartel will be put in the same basket as al-Qaeda, ISIS, and other groups listed as designated foreign terrorist organizations on the State Department’s website.
Francois Cavard, a human rights activist who has spent years investigating the drug trade in Central and South America, told The Epoch Times that changing the legal status of cartels such as Tren de Aragua from “being considered just another criminal organization” to being designated as terrorists was “huge.”
Cavard said the gang—whose name translates as the “Train of Aragua” and which began as a group of corrupt workers on a failed railway project, which was funded by a huge loan from China—was heavily involved in human smuggling, drug trafficking, and money laundering.
Greta Nightingale, an attorney and partner at O’Melveny, a firm of Washington-based international lawyers, and chair of its national security group, said that being designated as a “foreign terrorist organization” and a “specially designated global terrorist” were based on different statutes but have essentially the same effect.
She told The Epoch Times that the assets of the designee are frozen and that if they come within the control of U.S. persons (such as a U.S. bank) they cannot access them.
Nightingale said Americans are also not allowed to engage in any dealings with such designees or engage with third parties if they will benefit the designated party.
“If a U.S. company does business with a Mexican company that is tied to one of these cartels, they risk an enforcement action,” she said.
“If the company is owned or controlled by a cartel, then such business is clearly illegal. But if the ties are more attenuated then the legal exposure is less clear.”
Danger of ‘Reputational Harm’
Nightingale said that “the safest approach is to stay away if you have information that suggests that there are ties between a cartel and a Mexican business, as you invite reputational harm and also may undermine the safety of your employees.”
Cavard said the most significant effect of the designation is that cartels and gangs such as Tren de Aragua were no longer considered to just be after illegal financial profit but are considered “to also have power and control purposes … that represents a serious and extremely dangerous threat to the security of the country.”
He said the designation would also “make it clear to the high-level corrupt accomplices these criminals may have within the United States and in U.S. government offices and agencies … that they’re going after them also.”
Cavard said it would also send a message to what he called “extremely compromised nations” such as México, Panama, Cuba, Venezuela, and Colombia.
He said groups such as Tren de Aragua had “accumulated the power and the financial resources that have enabled them to corrupt and/or intimidate high-level politicians, authorities, and justice officials all over the world, including the United States of America, and this is an extremely high national security concern for all countries.”
Grillo said, “As for the legal implications, it redefines the battle and could be used in justification of other things such as military actions, as were used against al-Qaeda in Pakistan.”
But he said that potentially could lead to a “bad outcome” if Mexican civilians were killed in such an air strike.
Hegseth, in response to a question from “Fox and Friends” co-host Brian Kilmeade about whether the military would strike a cartel organization inside Mexico if those organizations targeted Americans at the U.S.–Mexico border, said, “All options will be on the table if we’re dealing with what are designated to be foreign terrorist organizations who are specifically targeting Americans on our border.”
Sen. Lindsey Graham (R-S.C.) talks about his legislation to designate Mexican drug cartels as Foreign Terrorist Organizations, at the U.S. Capitol on March 8, 2023. Chip Somodevilla/Getty Images
Grillo, who has written on his Substack about U.S. Gen. John Pershing’s raid into Mexico in pursuit of Pancho Villa in 1916, said military strikes would not solve the problem of cartels because, according to research published in Science in 2023, there were 180,000 people in Mexico employed by the cartels.
“It’s probably an underestimate. But even if you go in there with a drone strike, and you kill five, you kill 10, you kill 20 cartel operatives, you don’t solve the issue. You haven’t killed 1 percent of them, and it really would inflame relationships with Mexico,” Grillo said.
“You could easily end up killing Mexican civilians. It’d be very hard to know if you killed Mexican civilians, or killed Mexican policemen or Mexican soldiers.”
Grillo said such incidents would fuel popular resentment in Mexico against the United States “and make it harder for the Mexican president to actually cooperate with the United States on all these issues.”
Could ‘Make Things Worse’
“I do think the United States is right to be concerned about the rise of cartels, but sometimes you can make things worse by doing things like firing some missiles and killing people and inflaming the situation,” Grillo said.
He said the cartels had been largely to blame for the smuggling of fentanyl into the United States, which had been “devastating” in the past decade in terms of addiction and deaths.
Trump’s executive order states:
“The cartels have engaged in a campaign of violence and terror throughout the Western Hemisphere that has not only destabilized countries with significant importance for our national interests but also flooded the United States with deadly drugs, violent criminals, and vicious gangs.”
Grillo said that “it’s difficult to read Trump sometimes.”
“Trump is likely using this stuff as a way of pressuring Mexico. So the best scenario could perhaps be if Mexico manages to reduce the amount of fentanyl being trafficked to the United States. That could happen,” he said.
The ingredients of fentanyl are produced in China and exported to Mexico, where syndicates such as the Sinaloa cartel and the Jalisco New Generation Cartel (CJNG) manufacture the deadly product, which is shipped across the border for an army of U.S. addicts.
But Trump’s threat of 25 percent tariffs may have already succeeded in getting the Mexican government to take action on fentanyl.
On Feb. 3, both Mexico and Canada agreed to strengthen border security in exchange for a one-month pause on the tariffs.
Mexico agreed to deploy 10,000 National Guard troops to the border immediately to deter drug traffickers, who make huge profits from the fentanyl trade.
The DEA raids an unofficial nightclub and arrests 50 people, some of them suspected of being members of Tren de Aragua, in Denver, Colo., on Jan. 26, 2025. DEA Rocky Mountain Division
“The cartels are only interested in making money. That’s the main objective,” Grillo said.
“They do resemble armed groups. If you’ve seen videos where there’ll be like 50 guys in balaclavas with RPG-7s, with bulletproof vests, helmets, they look like an insurgent group, and they can act like an insurgent group in terms of the way they might fight the military sometimes in Mexico, the way they can fight each other, and terrorize civilians.
“They don’t have a political or religious ideology. They don’t have a political program.”
Cavard said Tren de Aragua, too, had no political ideology but had spread its tentacles among the Venezuelan diaspora in North, Central, and South America.
“The criminals said wherever our Venezuelan migrants go, we can go with them, and we can use them to carry whatever we want, we can take advantage of them, things like prostitution because they said ‘you do it or you die,’” he said.
Cartels ‘Good at Adapting’
Grillo said it was difficult to know how the cartels would deal with being designated as terrorists.
“Generally, [what] I think about the cartels is they’ve been really good at adapting to different situations and finding the opportunity to make more money, take more power,” he said.
“When there’s more crackdowns, when the border’s harder to cross, they put the price up and make more money moving migrants. When marijuana was legalized, it killed the Mexican marijuana trade but they moved to fentanyl and other synthetics.”
Cavard said Trump’s executive order designating Tren de Aragua as terrorists was “necessary.”
“He is not giving them enough time to grow and expand their terror, and the feeling they can do whatever they can whenever they can, and the effect that can have on recruiting new members,” he said, adding that Trump “is not going to be playing anymore, he is not going to be prioritizing the human rights of criminals over those of his own citizens.”
“If you don’t obey Tren de Aragua or MS-13, you pay with your life, and [Trump] is saying, ‘Guess what, that’s what’s going to happen [to the gangsters].’”
Tl;dr: Elon Musk summed up the whole f**king farce succinctly:
We wonder how the American taxpayer feels about their hard-earned cash being taken away from them and used for this purpose…
* * *
In addition to propping up far-left corporate media outlets like Politico and the BBC with taxpayer funds, the United States Agency for International Development (USAID) has funneled half a billion dollars to a secretive non-governmental organization operating a global news propaganda matrix.
WikiLeaks published the bombshell report in the overnight hours that shows the massive taxpayer-funded state propaganda network – operating as a shady NGO – called “Internews Network”:
USAID has pushed nearly half a billion dollars ($472.6m) through a secretive US government financed NGO, “Internews Network” (IN), which has “worked with” 4,291 media outlets, producing in one year 4,799 hours of broadcasts reaching up to 778 million people and “training” over 9000 journalists (2023 figures). IN has also supported social media censorship initiatives.
The operation claims “offices” in over 30 countries, including main offices in US, London, Paris and regional HQs in Kiev, Bangkok and Nairobi. It is headed up by Jeanne Bourgault, who pays herself $451k a year. Bourgault worked out of the US embassy in Moscow during the early 1990s, where she was in charge of a $250m budget, and in other revolts or conflicts at critical times, before formally rotating out of six years at USAID to IN.
Bourgault’s IN bio and those of its other key people and board members have been recently scrubbed from its website but remain accessible at http://archive.org. Records show the board being co-chaired by Democrat securocrat Richard J. Kessler and Simone Otus Coxe, wife of NVIDIA billionaire Trench Coxe, both major Democratic donors. In 2023, supported by Hillary Clinton, Bourgault launched a $10m IN fund at the Clinton Global Initiative (CGI). The IN page showing a picture of Bourgault at the CGI has also been deleted.
IN has at least six captive subsidiaries under unrelated names including one based out of the Cayman Islands. Since 2008, when electronic records begin, more than 95% of IN’s budget has been supplied by the US government (thread follows).
USAID has pushed nearly half a billion dollars ($472.6m) through a secretive US government financed NGO, "Internews Network" (IN), which has “worked with” 4,291 media outlets, producing in one year 4,799 hours of broadcasts reaching up to 778 million people and "training” over…
USAID (and State) funneled nearly half a billion dollars through this building which is at "876 7th St Arcata, CA 95521-6358". The IRS and IN government contracts list this address as the current registered address for IN although it was clearly abandoned by December 2024. Shot… pic.twitter.com/ELzv3G4p5l
IN’s funding has doubled since Trump’s first-term victory, as the Deep State poured billions into combating so-called misinformation and disinformation targeting conservative media worldwide—all under the guise of “saving democracy.”
Speaking at the globalist Davos event last year, IN’s CEO argued that global advertisers should prioritize spending ad dollars on “good news.” In other words, this would pressure companies to spend exclusively on far-left corporate media outlets while ensuring they slash ad spending on alternative media websites that do not promote state propaganda.
American taxpayers funded the global censorship matrix that has lied about wars, covid origins, vaccines, and go down the list…
Now I want you to listen to me very closely: when the CEO of USAID’s Internews pressured advertisers to create exclusion lists to only fund approved news sources, she was carrying out USAID’s formal policy goal to have USAID partners do “advertiser outreach” to “redirect funding” https://t.co/NVI6DtUfclpic.twitter.com/vyWReP0epx
Wikileaks shows the moment in time when IN “lost its way”… And you’ll never guess how.
x.com/wikileaks/status/1888205837761450135
IN’s media matrix spans worldwide.
Here are the downstream holdings on IN via public records forensics data:
“Internews is an international non-profit organization whose mission is to empower local media worldwide to give people the news and information they need, the ability to connect, and the means to make their voices heard,” the NGO stated in an IRS 990 filing as its purpose of businesses.
Public records data shows IN has many business purposes worldwide, all in an effort to control a media matrix and ensure only state propaganda is told on the local level.
How does it feel to know that your tax dollars are funding a state propaganda media matrix around the world?
President Trump revoked former President Biden’s security clearance and terminated his daily intelligence briefings, stating that, given his “poor memory,” there was no reason for Biden to continue receiving classified government information.
“There is no need for Joe Biden to continue receiving access to classified information. Therefore, we are immediately revoking Joe Biden’s Security Clearances, and stopping his daily Intelligence Briefings,” Trump wrote on Truth Social late Friday evening.
Trump said the decision was based on the precedent of Biden’s 2021 decision to end his access to the secret information. He also pointed to the special counsel report last year: “The Hur Report revealed that Biden suffers from ‘poor memory’ and, even in his ‘prime,’ could not be trusted with sensitive information.”
Biden in 2021…
Trump concluded the post with: “I will always protect our National Security — JOE, YOU’RE FIRED. MAKE AMERICA GREAT AGAIN!”
Steven Cheung, the president’s communications director, shared Trump’s Truth Social post on X and said: “Hit the road Jack and don’t you come back no more!”
Trump’s team made a smart move given the investigations into various Biden family members—including Hunter Biden, who has been at the center of a probe into influence peddling schemes. Federal investigators have also recently become concerned about the Biden family’s close ties to China.
Speaking with The Hill last month, House Oversight and Government Reform Committee Chair James Comer (R-KY.) said the pardons “validated” the investigations into Biden family members.
Perhaps the actual reason the Trump team revoked Biden’s security clearance is over the family’s close ties with the Chinese.
END
Musk Calls For Impeachment Of Obama-Appointed Judge Who Blocked DOGE Access At Treasury
Monday, Feb 10, 2025 – 06:11 AM
Elon Musk has called for the impeachment of an Obama-appointed judge who barredDOGE and the Treasury Secretary from accessing payment systems at the US Treasury.
On Friday night, Democrats went ‘judge shopping’ to ask that Musk’s team be stopped from accessing Treasury systems, knowing that instead of receiving a judge by random selection, the only available judge would be Paul Engelmayer – who held an ex-parte hearing without DOJ lawyers. Engelmayer did not cite any case law or precedent for his ruling, which many have criticized for vast overreach.
The order prohibits special government employees, along with those from outside the Treasury department, and the Treasury secretary himself, from accessing the systems.
On Saturday, Musk posted to X: “A corrupt judge protecting corruption,” adding “He needs to be impeached NOW.”
Engelmayer’s ruling came in response to a lawsuit by 19 Democratic state attorneys general who panicked over DOGE investigating waste, fraud and abuse within the US government.
Courts are a key part of the separation of powers. They protect us from illegal abuse of executive power. Judges have been pausing Trump orders where challengers have shown a substantial likelihood of success on the merits and risk of irreparable harm. pic.twitter.com/ZooZZdgf0N
“The Court’s firm assessment is that, for the reasons stated by the States, they will face irreparable harm in the absence of injunctive relief,” wrote Engelmayer in his decision. “That is both because of the risk that the new policy presents of the disclosure of sensitive and confidential information and the heightened risk that the systems in question will be more vulnerable than before to hacking.”
“Worst Go First”: Baltimore ICE Agents Arrest “MS-13 Terrorists” In Suburban Neighborhoods
Sunday, Feb 09, 2025 – 08:25 PM
Maryland’s radical sanctuary state policies under Governor Wes Moore and the Democratic Party in Annapolis have unleashed public safety threats for law-abiding taxpayers in several counties.
“Embedded with Baltimore ICE Field Office Director, Matthew Elliston and his team along with the Baltimore FBI office, Special Agent in Charge, Bill DelBagno, and the ATF,” Bergquam wrote on X.
“Listen to what Matt says about sanctuary jurisdictions, and the crazy news we get after we picked up one of the MS-13 criminal illegals! These guys are all being aided and coached by leftist, activist groups and putting every one of your neighborhoods in danger.”
EXCLUSIVE: Baltimore ICE Operations target MS-13 terrorists in suburban neighborhoods.
Embedded with Baltimore ICE Field Office Director, Matthew Elliston and his team along with the Baltimore FBI office, Special Agent in Charge, Bill DelBagno, and the ATF.
— Ben Bergquam – Real America’s Voice (RAV-TV) News (@BenBergquam) February 8, 2025
Gov. Moore and the far-left lawmakers in Annapolis have prioritized time and taxpayer monies on comforting illegal aliens in the state rather than properly addressing the public safety threat of “MS-13 terrorists” roaming city streets and urban neighborhoods. Marylanders are disgusted with local Democrats in the state as sanctuary policies have backfired.
In addition to the public safety disaster, Gov. Moore is leading the state into a fiscal crisis. The state’s credit outlook is “negative” amid repeated calls by Democrats to raise taxes, which will only increase the exodus of the tax base, thus placing the state on a dangerous death spiral—similar to Illinois—in the next decade.
The little hope that Marylanders have in ending this failed progressive nightmare comes from Trump’s deportation initiative, carried out by ICE and other federal agencies, to restore national security.
Meanwhile, a Republican sheriff of Frederick County told Newsweek last month that Gov. Moore and leftist politicians are making it their “obligation” to protect illegal alien communities.
Marylanders did not vote for radical leftist politicians to flood the state with “MS-13 terrorists” and illegal aliens. Democrats are still not reading the room in the era of Trump, doubling down on illegal aliens and wokeism.
If Maryland gets a credit downgrade under Moore’s tenure – then good luck trying to make a bid for president in 2028.
END
DOGE Team Finds FEMA Sent $59 Million Last Week To Luxury NYC Hotels For Illegals
by Tyler Durden
Elon Musk’s team of mid-20s Department of Government Efficiency (DOGE) disruptors has once again found wasteful spending—this time focusing on a $59 million payment sent by the Federal Emergency Management Agency to luxury hotels across New York City housing illegal aliens.
“The DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants,” Musk wrote on X early Monday morning.
Musk explained, “Sending this money violated the law and is in gross insubordination to the President’s executive order,” adding, “That money is meant for American disaster relief and instead is being spent on high end hotels for illegals!”
Musk did not specify which luxury NYC hotels received FEMA funding for migrants last week but noted that a “clawback demand will be made today to recoup those funds.”
However, a December report revealed that NYC politicians spent $220 million in a sweetheart deal with Pakistan to lease the prestigious Roosevelt Hotel in Midtown Manhattan for illegal alien housing. The most alarming issue was that NYC paid a foreign government to house illegals.
“So let me get this straight; places like North Carolina and Maui get a pittance because FEMA says they lack funds, so we have to send our Military there to do work that could be put into the local economies. Meanwhile FEMA blows its budget on housing illegal immigrants?” one X user wrote in response to Musk’s report.
The @DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants.
Sending this money violated the law and is in gross insubordination to the President’s executive order.
While illegals have lived ‘the American Dream’ on the taxpayers’ dime, residents across Western North Carolina have only now begun receiving FEMA assistance amid the ongoing recovery from Hurricane Helene.
So let me get this straight; places like North Carolina and Maui get a pittance because FEMA says they lack funds, so we have to send our Military there to do work that could be put into the local economies. Meanwhile FEMA blows its budget on housing illegal immigrants?
Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com is back with a new report called “Danger of Deep Worldwide Recession in 2025.” The new report shows how a weak economy was propped up under the Biden Administration and how a crash, this year, is inevitable. Dowd says, “What we are going to have going forward is the reversal of deficit government spending, which was juicing the economy with illegals. Some of them got jobs, but a lot of them got benefits. They got housing accommodations. The NGO system was flush with money to facilitate this massive, purposeful logistical operation. People don’t understand that the net legal migration in the US is one million a year. That’s one million people a year. The last four years, we brought in 10 million to 15 million people. That is a new economic variable, and it distorted the economy. It never got us into expansion territory, but it papered over a lot of the ills we were seeing. Trump’s policies are going to reverse that all out. . . . The velocity of money under Joe Biden really started to rise. . . . Illegal immigration is very inflationary. . . . In the fourth quarter, the velocity of money is already rolling over. The Trump effect began the moment he was elected. We’ve seen self-deportations. We have seen new tenant rents plunge, and that’s what has been holding up the housing market.”
How bad is the economy going to get? Dowd predicts, “We are seeing a recession in 2025. The rest of the globe is already starting to roll over. It’s going to be a worldwide recession. There is going to be a mini housing crisis. Housing has been stagnant for the better part of the year. There is no transaction volume, and nobody can afford homes. We are hitting the 18-year housing cycle. The last housing cycle was in 2007, and you add 18 years and you get 2025. . . . The economy for the middle-class is going down. . . . As time goes on, we are going to see GDP numbers go lower and lower and lower. . . . It’s kind of a perfect storm for the Trump Administration. There is no way to avoid the pain.”
When can we expect things to get better? Dowd says, “This is much like Ronald Reagan in his first term. He was elected with -2% real wages. This was the same phenomenon going into the 2024 Election. So, we are going to have a recession . . . Then, Trump gets his policies, and he has a very short window of opportunity to get all of his policies enacted. If he does, we will be booming on the other side of this.”
Dowd still likes gold and thinks rates will begin going lower, which means locking in rates now will be a smart play for many. Dowd says, “Gold is good long term.” Dowd also thinks AI is over-bought and is in a bubble and points out, “There is no money on the other side,” of the AI boom. Dowd thinks AI tech will crash just like the internet bubble in early 2000. Dowd thinks, “AI prices are too expensive, and they will collapse at some point.”
There is much more in the 51-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with money manager and investment expert Ed Dowd, as he talks about his new report called “Danger of Deep Worldwide Recession in 2025” for 2.8.25.
Trump Releases Powerful Ad in Support of Secret Service Prior to Super Bowl LIX
harveyorganblog.com 
