GOLD CLOSED DOWN 4.30 TO $2905.00
SILVER CLOSED UP 1 CENTTO $32.21
GOLD ACCESS CLOSED 2900.60
Silver ACCESS CLOSED: $32.25
Bitcoin morning price:$96,121 DOWN 1299 DOLLARS.
Bitcoin: afternoon price: $97321 DOWN 99 DOLLARS
Platinum price closing UP $10.45 TO $995.80
Palladium price; UP $0.00 TO $978.95
END
*CANADIAN GOLD: $4144.60 UP 10.00 CDN dollars per oz( * NEW ALL TIME HIGH 4153.60 CDN DOLLARS PER OZ//FEB 10 2025)
*BRITISH GOLD: 2339125 DOWN 9 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,339.25 BRITISH POUNDS/OZ) FEB 10/2025
*EURO GOLD: 2,795,69 DOWN 8 Euros per oz //* (ALL TIME CLOSING HIGH: 2,807.66 EUROS PER OZ/FEB 10 //2025)
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EXCHANGE
EXCHANGE: COMEX
CONTRACT: FEBRUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,912.500000000 USD
INTENT DATE: 02/11/2025 DELIVERY DATE: 02/13/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 79
072 H GOLDMAN 1000
092 C DEUTSCHE BANK 7
104 C MIZUHO 3
118 C MACQUARIE FUT 350 1
118 H MACQUARIE FUT 294
132 C SG AMERICAS 8
167 C MAREX 333
190 H BMO CAPITAL 885
323 C HSBC 674
323 H HSBC 98
332 H STANDARD CHARTE 88
363 C WELLS FARGO SEC 14
363 H WELLS FARGO SEC 70
435 H SCOTIA CAPITAL 223
555 C BNP PARIBAS SEC 526
624 C BOFA SECURITIES 12
657 C MORGAN STANLEY 143
661 C JP MORGAN 38 593
686 C STONEX FINANCIA 30 38
690 C ABN AMRO 7
709 C BARCLAYS 109
709 H BARCLAYS 47
730 C PTG DIVISION SG 3
732 C RBC CAP MARKETS 141
737 C ADVANTAGE 8 11
880 C CITIGROUP 25
880 H CITIGROUP 56
905 C ADM 18
TOTAL: 2,966 2,966
MONTH TO DATE: 60,379
JPMorgan stopped (received) 593 contracts/2966
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 2966 NOTICES FOR 296600 OZ 9.2255 TONNES
total notices so far: 60,379 contracts for 6,037,900 Oz (187.807 tonnes)
FOR FEB.
SILVER NOTICES: 269 NOTICE(S) FILED FOR 1.345 MILLION OZ/
total number of notices filed so far this month : 3896 for 19,480 million oz
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GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD DOWN $4.30 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 7.75 TONNES
INVENTORY RESTS AT 873,401 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.01 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE DEPOSIT OF 8.741 MILLION OZ OUT OF THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 437.401 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FRLL BY A HUMONGIZED SIZED 2351 CONTRACTS TO 164,275 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 $0,20 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONAY’S TRADING. WE HAD A HUMONGOUS LOSS OF 1501 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE//MONDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON MONDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 4 WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY SUCCEEDED A BIT ON TUESDAY WITH SILVER’S FALL IN PRICE BY 26 CENTS. WE HAD A HUGE T.A.S. LIQUIDATION TUESDAY COUPLED WITH ANOTHER NEW MEGA MEGA HUGE T.A.S. ISSUANCE OF 5854 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 STRONG 850 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR MEGA HUGE 5854 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 1501 CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT TUESDAY’S COMEX TRADING SESSION/
PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR INITIATE A RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN WITH 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 TUESDAY NIGHT/MONDAY MORNING: A HUGE 5854 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 $0.260BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS DESPITE HAVING A HUGE LOSS IN OUR TWO EXCHANGES OF 1501 CONTRACTS WE HAD A MASSIVE LIQUIDATION OF T.A.S. CONTRACTS ACCOUNTING FOR ALL OF THE LOSS IN OI.
WE HAD A STRONG 630 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 300CONTRACT QUEUE JUMP FOR 1.500MILLION OZ OZ
// STANDING FOR SILVER//FEB ADVANCES TO 20.500 MILLION OZ
WE HAD:
/ MEGA HUMONGOUS SIZED COMEX OI LOSS +// A STRONG SIZED EFP ISSUANCE/ VI) MEGA MEGA HUMONGOUS SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 6538 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 8 DAYS, total 6766 contracts: OR 33.80MILLION OZ (845 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 33.80 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. 33.80 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE
RESULT: WE HAD A MEGA HUMONGOUS SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2351 CONTRACTS DESPITE OUR SMALL LOSS IN PRICE OF SILVER PRICING AT THE COMEX// TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG EFP ISSUANCE CONTRACTS: 850 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 1.5 MILLION OZ TO LONDON//NEW STANDING ADVANCES TO 20,530 MILLION OZ
WE HAVE 1). A MEGA HUMONGOUS SIZED LOSS OF 1501 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR SMALL LOSS IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUGE 5854, CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//MONSTER FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE TUESDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON TUESDAY WITH THE LOSS IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE TUESDAY NIGHT (5854) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 269 NOTICE(S) FILED TODAY FOR 1.345 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 STRONG SIZED 6932 OI CONTRACTS TO 29,278 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.)
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A STRONG SIZED 2146 CONTRACTS//
WE HAD A STRONG SIZED DECREASE IN COMEX OI (6932 CONTRACTS) OCCURRED DESPITE OUR LOSS OF $1 IN PRICE TUESDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUMONGOUS INITIALD STANDING IN GOLD TONNAGE FOR FEB AT 184.40 TONNES FOLLOWED BY A HUGE 1495 CONTRACT QUEUE JUMP//149500 OZ (4.65ONNES)
/NEW STANDING ADVANCES TO 200.51TONNES + 9.3264 TONNES EXCHANGE FOR RISK/PRIOR + TODAY;S 8.8149 TONNES = 214.012 TONNES.
/ ALL OF THIS HAPPENED WITH OUR $1,00 LOSS IN PRICE WITH RESPECT TO TUESDAY’S COMEX ///. WE HAD A TINY SIZED LOSS OF 67 OI CONTRACTS (0.208PAPER 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 6865 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 536,282
IN ESSENCE WE HAVE A TINY SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 27 CONTRACTS WITH 6865 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 6865 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 27 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 2744 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A HUMONGOUS SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6865 CONTRACTS) ACCOMPANYING THE STRONG SIZED DECREASE IN COMEX OI OF 6932 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 27 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 1495CONTRACTS FOR 149,500 OZ(4,65 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 218.662 TONNES
.
NEW STANDING FOR FEB ADVANCES TO:
200.519TONNES 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 = 214,662 TONNES
//NEW STANDING FEB: 214.0120TONNES 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 TUESDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $1 OOPRICE LOSS, WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A TINY LOSSOF 27 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL AND THUS OUR RECORD NUMBER OF GOLD TONNES STANDING FOR FEBRUARY.
4) STRONG SIZED COMEX OPEN INTEREST DECREASE 5) HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 2114 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: 37,139 CONTRACTS OF 3,713,900OZ OR 115.52 TONNES IN 8 TRADING DAY(S) AND THUS AVERAGING: 4642EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 8 TRADING DAY(S) IN TONNES 115.52 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 115.52 DIVIDED BY 3550 x 100% TONNES = 3,25% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 115,52 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 2351 CONTRACTS OI TO 166,626 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 850 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 850 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 LOSS OF 2351 CONTRACTS AND ADD TO THE 850 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1501 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 7.505MILLION OZ OCCURRED DESPITE OUR $0.20LOSS IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS MONDAY MORNING FRIDAY NIGHT
HANGHAI CLOSED UP 28.68 PTS OR 0.86%
//Hang Seng CLOSED UP 535,33 PTS OR 2,51 %
// Nikkei CLOSED UP 162,53 OR 1,42%//Australia’s all ordinaries CLOSED DOWN 0.55%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.3100CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3109// Oil UP TO 73,20 dollars per barrel for WTI and BRENT DOWN AT 76.78 Stocks in Europe OPENED MOSTLY ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
END
ASIA TRADING TUESDAY MORNING/MONDAY NIGHT
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 6932 CONTRACTS TO 529,278 DESPITE OUR LOSS IN PRICE OF $.1.00 WITH RESPECT TO MONAY’S TRADING. WE LOST ZERO NET LONGS HOWEVER WITH THAT PRICE LOSS FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A STRONGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (6865) . THE CME ANNOUNCED MONDAY NIGHT, 0 EXCHANGE FOR RISK CONTRACTS,
AND SO FAR IN FEBRUARY: WE HAVE HAD FOUR EXCHANGE FOR RISKSNOW 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 TINY SIZED LOSS ON OUR TWO EXCHANGES OF 67 CONTRACTS WITH OUR SLIGHT LOSS 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. MON NIGHT THEY ISSUED A STRONG 2144 CONTRACT ANNOUNCEMENT (MONDAY NIGHT/TUESDAY MORNING).
THE FED IS THE OTHER MAJOR SHORT OF AROUND 16+ 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 6865 EFP CONTRACTS WERE ISSUED: : /FEB 6865& ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 6865 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 TINY SIZED TOTAL OF 67 CONTRACTS IN THAT 6865 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG SIZED LOSS OF 6932 COMEX CONTRACTS..AND THIS TINY SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $1.00 FOR MONDAY/ 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 MONDAY NIGHT/TUESDAY MORNING WAS A STRONG SIZED SIZED 2114 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: 218,662 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
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
2025
January 2025: 70.102 TONNES + 43.208 EXCHANGE FOR RISK= 113.310 TONNES
FEBRUARY: 200.519TONNES OF GOLD + 9.3264 TONNES OF EX. FOR RISK /PRIOR + 8.8149 TONNES EX FOR RISK TODAY =//NEW TOTAL STANDING 218.662 TONNES
COMEX GOLD TRADING/FEB CONTRACT MONTH
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELLBY $1.00//BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A TINY SIZED LOSS 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. ON FRIDAY , JAN 31 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 MONDAY EVENING TUESDAY 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. MONDAY ZERO EXCHANE FOR RISK WAS ISSUED.
FINAL STANDING GOLD/COMEX FOR JANUARY
FINAL STANDING FOR JAN: 70.102TONNES + 43.206 TONNES EX FOR RISK = 113.310 TONNES (WHICH IS HUGE FOR OUR VERY NON ACTIVE DELIVERY MONTH) A NORMAL AMOUNT STANDING FOR A JANUARY IN EARLIER TIMES HAS BEEN GENERALLY AROUND 1/4 TONNE OF GOLD. HOWEVER THESE PAST 4 YEARS QUEUE JUMPING HAS BEEN VERY PRONOUNCED AND THUS STANDING INCREASES DRAMATICALLY.
TOTAL INITIAL DELIVERIES FEB GOLD TRADING
WE HAVE LOST A FAIR TOTAL OF 0.208 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 1495CONTRACT QUEUE JUMP FOR 149500OZ. NEW STANDING ADVANCES TO 200.519TONNES OF GOLD. TO WHICH WE ADD OUR 18.1413TONNES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 218.662TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $1.00
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 10,832 CONTRACTS OR 6700 OZ (208TONNES)
confirmed volume TUESAY 247,346 contracts: FAIR///
//speculators have left the gold arena
END
// THE FEB 2025 GOLD CONTRACT
FEB 12
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | . |
| Deposit to the Dealer Inventory in oz | 0 |
| Deposits to the Customer Inventory, in oz | 5 ENTRIES i)Into Brinks customer acct 144,868.250 oz (4500 kilobars) ii) Into HSBC 64,302.000 oz (2,000 kilobars) iii) Into JPMorgan enhanced 32,118.849 oz or 80 kilobars iv) Into Loomis: 32,151.000 oz (1000 kilobars) v) Into Malca 32,151.000 (1000 kilobars) total weight 345m591.099 oz or 10.749 tonnes |
| No of oz served (contracts) today | 2966 notice(s) 296600 OZ 9.2255TONNES |
| No of oz to be served (notices) | 4088contracts 4408,00 0OZ 12.715TONNES |
| Total monthly oz gold served (contracts) so far this month | 60,379notices 6037,900oz 187.807 ONNES |
| Total accumulative withdrawals of gold from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of gold from the Customer inventory this month | x |
dealer deposits: 0
we have 5 customer deposits
i
5 ENTRIES
i)Into Brinks customer acct 144,868.250 oz (4500 kilobars)
ii) Into HSBC 64,302.000 oz (2,000 kilobars)
iii) Into JPMorgan enhanced 32,118.849 oz or 80 kilobars
iv) Into Loomis: 32,151.000 oz (1000 kilobars)
v) Into Malca 32,151.000 (1000 kilobars)
total weight 345m591.099 oz or 10.749 tonnes
withdrawals: 0
adjustments:7//comex is in chaos
first 4 customer to dealer
a) Asahi 13m006,363 oz
b) Loomis 32,118.849 oz
c) Malca 65,877.399 oz
d) Manfra: 43,414.362 oz
next 3//dealer to customer
A) Brinks 567,935.340 oz
B) HSBC 104,713,533 oz
C JPMorgan 404,386,099 oz
total net dealer to customer 852,890.805 oz or 26.528 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
FEB HAD A LOSS OF 791 CONTRACTS TO STAND AT 7054 WE HAD 2286 CONTRACTS SERVED ON MONDAY SO WE GAINED A HUGE 1495CONTRACTS OR A MONSTER 149500 OZ QUEUE JUMP OR 4.651TONNES
MARCH HAD A GAIN OF 409CONTRACTS UP TO 15,135
APRIL HAD A LOSS OF 7172 CONTRACTS UP TO 395,325 CONTRACTS
We had 2296contracts filed for today representing 229600 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 593 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 38notice(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 (60,379 x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(7054CONTRACTS) minus the number of notices served upon today (2966 x 100 oz per contract) equals 6,446,700 OZ OR 200.519TONNES 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; 200.519+ 18.1413 tonnes ex for risk = 218.662tonnes
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (60,379x 100 oz +we add the difference for front month of FEB ( 7054OI} minus the number of notices served upon today (2966x 100 oz) which equals 6,4467,00oz (195.8690 TONNES + 9.3264 tonnes ex for risk/prior + 8.8149 tonnes ex for risk today = 218.662 tonnes
TOTAL COMEX GOLD STANDING FOR FEB.: 218.662 ONNES WHICH IS HUGE FOR THIS ACTIVE DELIVERY MONTH IN THE CALENDAR AND THIS IS THE HIGHEST EVER RECORDED FOR ANY FEBRUARY AND THE HIGHEST FOR ANY MONTH FOR THAT MATTER IN COMEX HISTORY!!
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,059,886.393 oz 64.07 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 36,454,293.716 oz
TOTAL REGISTERED GOLD 16,223,159.373or 504 .608tonnes
TOTAL OF ALL ELIGIBLE GOLD: 20,233,159.373 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 14,161,248oz (REG GOLD- PLEDGED GOLD)= 440.47 tonnes //
END
SILVER/COMEX
FEB 12
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 | nil |
| Deposits to the Customer Inventory | 2 entries i) 589,695.600 oz (JPMorgan) ii) into Loomis 184,455 oz total 2,436,150.740 oz |
| No of oz served today (contracts) | 269CONTRACT(S) (1.345 MILLION OZ |
| No of oz to be served (notices) | 204 contracts (1.02 MILLION oz) |
| Total monthly oz silver served (contracts) | 3896 Contracts (19,480 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
1) Into JPMorgan 589m695,600 oz
2) Into Loomis 1,846,455,14o oz
total weight 2,436,150.140 oz
withdrawals 0
ADJUSTMENTs 2
a) out of Brinks 1942,678.720 oz customer to dealer
b) out of Manfra: dealer to customer: 1,212,052.305 ox
JPMorgan has a total silver weight: 150.688million oz/372,304million or 40.46%
TOTAL REGISTERED SILVER: 92.240 MILLION OZ//.TOTAL REG + ELIGIBLE. 372.304 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2025 OI: 473 OPEN INTEREST CONTRACTS FOR A LOSS OF 306 CONTRACTS.
WE HAD 300 NOTICES FILED ON MONDAY SO WE GAINED 6 CONTRACTS OR WE EXPERIENCED A 30,000 OZ EXCHANGE QUEUE JUMP AS THESE GUYS WILL TRY THEIR LUCK AT THE COMEX TRYING TO OBTAIN PHYSICAL SILVER.
MARCH SAW A LOSS OF 829 CONTRACTS DOWN TO 96,294THE 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 6 CONTRACTS TO STAND AT 313
MAY SAW A GAIN OF 47,430 CONTRACTS UP TO 47,430 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 269Bfor 1.345MILLION oz
CONFIRMED volume; ON TUESDAY 90,312 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 3896x 5,000 oz = 19,480 MILLION oz
to which we add the difference between the open interest for the front month of FEB (473) and the number of notices served upon today (269)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 3896 Notices served so far) x 5000 oz + OI for the front month of FEB(473)minus number of notices served upon today (269)x 5000 oz equals silver standing for the FEB contract month equating to 20.500 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
0 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 12 WITH GOLD DOWN $3,40ON THE DAY; NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 864.19 TONNES
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: 871,41TONNES, TONIGHTS TOTAL
SILVER
FEB 12WITH SILVER UP $.01 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A DEPOSIT OF 8 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 437.401 MILLION OZ
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 437,401 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
Trump’s MAGA policy opens up the world to China’s trade and influence, the rehabilitation of Russia, and a decline of the dollar’s role in international finance. The benefits will be reflected in gold
| Alasdair MacleodFeb 12∙Paid |
Introduction
President Trump is keen to stop the USA being the world’s military policeman, except where foreign governments are prepared to pay for the privilege. Instead, his focus is to concentrate US power and influence on North and Central America. The Ukraine war is nearly over, with Russia close to winning it. The only outside area where he is likely to remain fully committed is with Israel and her security.
These are fundamental changes to the world order with important ramifications for nations in the Western alliance which are already in serious economic decline, benefiting the Asian hegemons.
Crudely put, under Trump the Americas are going to be the US’s primary sphere of influence. Asia and the rest of the world will be less so. The complete closure of USAID is the first casualty of this policy. It is a closure which plays into China and Russia’s hands. And it will lead to a decline in everyone’s dependency on the dollar as their medium of international exchange.
As a consequence, US allies are likely to drift away from her political influence, raising questions over global capital flows. Can the US Treasury still rely on foreign demand for US Treasuries to fund its deficit? And will the US retain ultimate control over global capital flows?
Funding the budget deficit is likely to require higher bond yields than it would otherwise require. And those nations with dollar denominated debt are bound to turn to China to reduce their exposure to dollar creditors.
Changes in US foreign policy in Europe
The new US president is anti-establishment and nowhere is this more important for the rest of the world than with respect to US foreign policy. He has made his intentions clear — to reduce foreign dependence on America in both trade and foreign wars. Trade tariffs are fundamental to his Make America Great Again policy, and he professes to be fed up with foreign freeloaders.
The only exception appears to be Israel. That mess is ongoing, and Trump’s current struggles for a solution appear unacceptable, at least to the Arab nations who see disrespect for Palestinian property rights in Gaza and potential refugee problems for themselves. Unable to withdraw from involvement with Israel, Trump may be more likely to restrict US involvement elsewhere as a result.
Trump has already closed down USAID. NATO is likely to be next in the firing line. And Trump has particularly expressed his dislike of the EU, whose states make up 27 of the 32 members. He sees them as freeloading on the back of US defence spending. So far, other than a meeting planned with General Kellogg, Trump’s special envoy with respect to Ukraine for which a date has yet to be set, and a courtesy visit by NATO Secretary General Mark Rutte to Palm Beach last November, there appears to have been little public NATO contact with Trump’s administration.
Undoubtedly, Trump has been preoccupied with domestic matters, but that will change. In any event, from the US’s point of view, NATO is a side issue, always supporting US foreign policy. US Presidents do not often consult NATO on policy. And so far as Trump is concerned, NATO is there simply to contribute to defence costs, and they don’t pay enough.
With respect to Ukraine, these signals will be keenly monitored by the Russians, who are close to gaining all the territory east of the Dnieper River. In any peace agreement, the minimum Putin will demand is to keep Crimea and the Russian-speaking Oblasts, and that the rest of Ukraine will be neutral. In my view, this will require a reconstituted government in Kiev wholly independent from NATO and even Russia-leaning in its foreign policy.
The reason Putin is likely to insist on Russian influence over Kiev is that the US has a history of reneging on agreements with Russia and a treaty is simply not to be trusted. It can only therefore act as cover for what actually happens on the ground. But once relations are normalised, Ukraine would then have the opportunity in time to benefit hugely from EU—Russian trade. Infrastructure investment with China’s involvement could then help rebuild this shattered nation rapidly.
Over time, Europe and Russia will reap the benefits of the US walking away from the Ukraine mess. Politically, Trump needs to distance himself from because America and NATO have lost the war, having badly underestimated Russia’s resilience and her battlefield superiority. A new Yalta treaty would provide cover for both the US’s exit and satisfy Russian demands.
In the wake of the Ukraine failure, NATO is likely to become even less important to the US administration given Trump’s autarkic focus on MAGA.
The consequences of US autarky
Trump’s general downgrading of foreign affairs and the greater priority afforded to the domestic economy will mean less power and funding for the Department of Defense. One can even imagine DOGE combing the DoD’s books for cost savings in foreign military establishments. It could be a protracted struggle between DOGE and Langley, but central to Trump’s intention to withdraw from expensive foreign commitments with little apparent benefit to America.
It promises to reset the global scene, with Russia and China freer to pursue their BRICS ambitions, building on global relations for a world not dominated by America and her NATO allies. For China, it has been a process which accelerated from the time of Trump’s first presidency and his attitude to US imports from China. Since then, China’s exports to BRICS members have overtaken those to the US.
Anti-Chinese sentiment has been fuelled by the US and followed dutifully by her epigones in NATO. But as Trump focuses on MAGA the pressure for Europeans to ostracise China, and Russia for that matter, will diminish. At first, it is likely to be a slow process but despite tariff wars the détente over Ukraine will be beneficial for Europe and Germany in particular.
Gold
An optimistic outlook following America’s declining influence is far from certain. But one area which is important is the dollar’s future. As the highest form of credit, the dollar is facing a challenge from money itself — gold. And China, Russia, and a plethora of central banks independent from US influence have been accumulating it aggressively. Of a combined supply of mining output and scrap, which according to the World Gold Council’s estimate was 5,031 tonnes in 2024, relatively little was taken by North America and Europe. Jewellery, bar, coin, and technology in those two areas were probably more than covered by their own scrap supplies, mine output going to Asia: China, India, Turkey, and Russia along with associated nations and their central banks.
Of the approximately 200,000 tonnes of above-ground gold stocks, the large majority is now held by Asian governments and their peoples. This imbalance is exacerbated by missing central bank gold from elsewhere which since the 1970s has been leased and not returned.
The US Treasury was and remains the ringleader in anti-gold propaganda. We can be sure that the bulk of missing central bank gold holdings (estimated to be a minimum of 10,000 tonnes by analyst Frank Veneroso in 2002) devolves on the US Treasury and the New York Fed, the latter acting as the repository for central bank earmarked gold. As one wag put it, Fort Knox is empty except for outdated IOUs from operators in the original gold-based carry-trade. The same might be said of the New York Fed, as Germany’s Bundesbank discovered.
Besides some of the obvious problems this imbalance in gold ownership imposes on the US, there is the institutional denial of gold as money — a denial in the face of common law. This post-Keynesian view is not generally shared outside Europe and North America, and the few nations that do such as India are having to rethink it. Consequently, while the dollar is tending to rise in value against other currencies, measured in real, legal money which is gold the dollar’s decline is accelerating.
Conclusion
This article has focused on the ramifications of US isolationism both in respect of foreign policy and the impact on the dollar. With respect to both global trade and the dollar’s future, the US Government’s stated intentions play into the hands of China and Russia, who are now realising Mackinder’s geopolitical dream, The Geopolitical Pivot of History, published in 1904.
Being a medium to long term extrapolation of President Trump’s stated policy objectives, the purity of this argument is likely to be overtaken and hidden by events, particularly an impending deflation of the current credit bubble. Nevertheless, it is a contributing factor to the ending of the dollar-dominated era.
3. CHRIS POWELL OF GATA//GOLD/SILVER RELATED DISPATCHES
end
4. ANDREW MAGUIRE/LIVE FROM THE VAULT NO 209
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5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//COCOA
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING TUESDAY MORNING MONDAY NIGHT
SHANGHAI CLOSED UP 28.68 PTS OR 0.86%
//Hang Seng CLOSED UP 535,33 PTS OR 2,51 %
// Nikkei CLOSED UP 162,53 OR 1,42%//Australia’s all ordinaries CLOSED DOWN 0.55%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.3100CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.3109// Oil UP TO 73,20 dollars per barrel for WTI and BRENT DOWN AT 76.78 Stocks in Europe OPENED MOSTLY ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
END
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1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN AT 7.3100
OFFSHORE YUAN: DOWN TO 7.3109
SHANGHAI CLOSED CLOSED UP 28,68 PTS OR 0.86%
HANG SENG CLOSED CLOSED UP 535,33 PTS OR 2,51%
2. Nikkei closed UP 162.53 OR 0.42%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 107.89 EURO RISES TO 1.0365UP 2 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.338 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 153.57…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold DOWN /JAPANESE Yen DOWN// CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil 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 +2.4330 Italian 10 Yr bond yield UP to 3.5441/SPAIN 10 YR BOND YIELD UP TO 3.106
3i Greek 10 year bond yield UP TO 3.296
3j Gold at $2894.50/Silver at: 31,88 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 1 AND 12/100 roubles/dollar; ROUBLE AT 95.29
3m oil into the 75 dollar handle for WTI and 73 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 153,57 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.338% 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 0.9109 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9452well 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: 4.545 UP 1BASIS PTS…
USA 30 YR BOND YIELD: 4.757 UP 1BASIS PTS/
USA 2 YR BOND YIELD: 4.298 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 36.09…
10 YR UK BOND YIELD: 4.5120 UP 5 PTS
10 YR CANADA BOND YIELD: 3.096 UP 3 BASIS PTS
5 YR CANADA BOND YIELD: 2.779 UP 4 PTS.
2a New York OPENING REPORT
Futures, Rates Flat Ahead Of High-Stakes CPI Report
Wednesday, Feb 12, 2025 – 08:14 AM
US equity futures are flat, with yields and the dollar modestly higher ahead of this morning’s US CPI reports (full preview here). As of 8:00am ET, S&P futures are unchanged, while Nasdaq futures rise 0.2% with Mag 7 stocks mostly flat, except for a big swing in TSLA premarket which now trades trades +1% after sliding -2% earlier amid rising competition from BYD. European stocks are at a third consecutive record high, supported by positive earnings news. An index of Asian shares advanced. Treasury yields edged higher, with the 10-year adding a basis point to 4.55% as the US Dollar ticks higher; Powell’s testimony yesterday was largely in line with January FOMC and current market pricing (no urgency for the Fed to cut). Commodities are mostly lower; WTI -1.1%; Copper -0.9%. Today, the key macro focus will be CPI (our preview as well as JPM and Goldman’s scenario analysis are here), with the market very much on edge: according to JPM, option markets anticipate a 1.2% swing in the S&P today, the biggest in over a year. Powell’s testimony at the House, CSCO earnings and any update from Trump on his reciprocal tariffs plan
In premarket trading, Super Micro Computer (SMCI) jumps 10% after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq Inc. deadline to file audited financial results. Tesla is leading gains for the Magnificent Seven (GOOGL -0.1%, AMZN -0.2%, AAPL +0.06%, MSFT -0.1%, META +0.2%, NVDA +0.3% and TSLA +2.2%). Here are some other notable premarket movers:
- Confluent (CFLT) gains 14% after the application software company reported fourth-quarter results that beat expectations and gave an outlook that is seen as positive.
- CVS Health (CVS) jumps 10% after its fourth-quarter profit beat Wall Street expectations, a sign of improving performance for the company whose insurance and drugstore units have been under pressure.
- Edwards Lifesciences (EW) gains 4% after the maker of heart valves provided a 1Q profit forecast range with a midpoint that beat estimates.
- Freshworks (FRSH) rises 6% after the application software company reported 4Q results above street estimates.
- Gilead Sciences (GILD) gains 4% after the biopharmaceutical company’s 2025 guidance beat analysts’ estimates.
- Kraft Heinz (KHC) declines 3% after providing 2025 adjusted earnings per share guidance that missed the average analyst estimate.
- Lyft (LYFT) falls 13% after giving a disappointing outlook for first-quarter gross bookings, warning that cold weather has hurt demand for ride hails and bike rentals.
- OneStream (OS) tumbles 19% after the application software company reported a sequential slowdown in key metrics including annual recurring revenue and billings growth.
- Teradata (TDC) falls 13% after the infrastructure software company gave a weaker than expected outlook, dashing analyst hopes for signs of a more pronounced recovery.
- Upstart (UPST) soars 26% after the AI lending marketplace reported stronger than expected fourth-quarter results and provided an upbeat outlook.
The stakes for markets are high going into Wednesday’s consumer price index numbers. Economists expect core CPI excluding food and energy to rise 0.3% from the previous month in January, picking up from an increase of 0.2% in December. This corresponds to a year-over-year rate of 3.1%.
“We have to watch 10-year Treasury yields very carefully,” said Kenneth Broux, a strategist at Societe Generale in London. Hotter-than-expected inflation could easily push the yield to 4.60% “and the whole risk-on trade will be back on hold,” he said.
As noted last night, the trading desk at JPMorgan’s Market Intelligence team estimates the S&P 500 will fall as much as 2% should the January consumer price index reading show an increase of 0.4% or more from the previous month.
- 0.40% or higher. This first tail outcome would likely be driven by a spike in Shelter as well as seeing some parts of Core Goods flipping from deflationary to inflationary (HH, Medical, and Alcohol). Expect the bond market to react violently as it shifts its view to Fed Funds not being restrictive and the most likely next action of the Fed to be a hike rather than a cut. The move in bond yields would pull the USD higher, further pressuring stocks. Look for NDX to outperform SPX and RTY to underperform. Odds 5.0%; SPX loses 1.5% – 2%.
- Between 0.33% – 0.39%. This outcome is likely driven more by hotter goods than services with a more muted reaction in the bond market but similar reaction on stocks. This print is unlikely to fully eliminate all cut expectations for FY25, but likely pushed implied probabilities to be a coin flip as to whether we get one cut in FY25. As of Friday, 37.5bps worth of cuts are being priced into the bond market. Odds 25.0%; SPX loses 75bps – 1.5%.
- Between 0.27% – 0.33%. The base scenario which shows a mild increase MoM but is aligned with the trend seen since September which is an inflection higher in inflation that is trending higher with improved growth/hiring, albeit at a potentially softer rate. Look for bond yields to remain range-bound and for a positive outcome for stocks. The upper range is not quite Goldilocks but given the resilience of the market YTD stocks likely push higher led by RTY. Odds, 40.0%; SPX loses 25bps to gains 1%.
- Between 0.21% – 0.27%. This is Goldilocks especially if we combine this with a stronger Retail Sales number. Look for the market to fully price in 2x cuts this year and for Equities to respond favorably led by SMid-caps. Odds 25.0%;
- SPX gains 1% – 1.5%.
- 0.20% or lower. The other tail outcome, potentially achieved by a stepdown in Shelter as Core Goods flips back to being net deflationary. Bond yields bull steepen in this scenario leading to material outperformance by RTY versus SPX. USD likely has a negative reaction aiding EM Equities which likely outperform RTY. Odds 5.0%; SPX gains 1.25% – 1.75%.
“Expect the bond market to react violently as it shifts its view to Fed Funds not being restrictive and the most likely next action of the Fed to be a hike rather than a cut,” the team led by Andrew Tyler wrote in a note. “The move in bond yields would pull the USD higher, further pressuring stocks.”
The CPI figures are due shortly before the second half of a two-day testimony marathon for Fed Chair Jerome Powell, who yesterday told lawmakers the central bank is in no rush to adjust rates again.
“Until we get greater clarity on the medium-term inflation trends, bond yields are likely to remain sticky,” said Daniel Murray, Zurich-based chief executive officer of EFG Asset Management. “It is also clearly impacting equity investor sentiment, in particular in the US, where the combination of more hawkish rate expectations alongside tariff uncertainty has contributed to a rangebound market.”
Europe’s Stoxx 600 rises for a third day, setting a new intraday record in the process, boosted by solid earnings. Food and beverage is the strongest sector, boosted by Heineken’s 13% rally – the most since 2008 – after the drinkmaker reported full-year results that were ahead of consensus and announced a €1.5 billion share buyback. ABN Amro Bank jumped more than 8% after its net interest income topped forecasts. Energy stocks provide a drag as they track a fall in oil. Here are Europe’s biggest movers:
- Deutsche Boerse shares rise as much as 1.9%, briefly hitting a fresh high, after the company reported solid earnings and announced a new surprise €500m share buyback.
- Heineken shares soar as much as 13%, the steepest intraday advance since 2008, after the brewer reported FY results that came in ahead of estimates and announced a €1.5 billion share buyback.
- ABN Amro shares advance as much as 8.9%, hitting the highest intraday level since September 2019, with net interest income beating estimates.
- Barratt Redrow shares advance as much as 9.4%, the most since 2020, after the UK housebuilder said it expects annual adjusted pretax profit to be at the upper end of expectations.
- Lufthansa shares rise as much as 4.6% after the German flag carrier was upgraded to outperform at Bernstein, while British Airways owner IAG was cut to market perform.
- TeamViewer shares climb as much as 6.2% after the German software firm reported 4Q Ebitda that beat estimates. 2025 guidance met the expectations of JPMorgan and Morgan Stanley analysts.
- Ahold Delhaize shares fall as much as 2.9% after the company reported 4Q results. While the results were in line with expectations, analysts flagged the US adjusted operating margin miss.
- Aker BP shares decline as much as 2.4%, the largest drop in three weeks, after the Norwegian oil producer provided 2025 production guidance that Pareto says was “a little soft.”
- Randstad shares drop as much as 6.2% after the recruitment company delivered a “messy” update containing higher-than-expected one-off costs, according to analysts.
- Carl Zeiss Meditec shares drop as much as 7.4%, the most in two months, with analysts noting weaker-than-expected Ebita that overshadowed the German health-care supplier’s revenue beat.
- Alior Bank shares fall as much as 3.2% and Budimex as much as 3.1% in early Warsaw trading after MSCI announced deletion of both companies from its main indexes, effective as of Feb. 28 close.
- Close Brothers shares fall as much as 4.1% after the financial services company said it expects to set aside up to £165 million in 1H 2025 following a regulatory probe into its auto lending business.
Earlier in the session, Asian stocks rose, led by gains in Chinese and Hong Kong shares on continued optimism about artificial intelligence, offsetting concerns over the Federal Reserve’s interest-rate policy. The MSCI Asia Pacific Index was up as much as 0.4%, with Alibaba and Tencent among the biggest boosts. An index of Chinese tech shares listed in Hong Kong advanced 2.7%, aided by a report that Alibaba is working with Apple on AI features. Investors are increasingly bullish on the outlook for Chinese equities as enthusiasm for DeepSeek and other AI developments spurs a fundamental rethink of the market’s attractiveness. For the broader region, sentiment was more downbeat Wednesday after Jerome Powell indicated the Fed is in no rush to cut interest rates, as economic data remains solid. Elsewhere, Indonesia’s key equity gauge rebounded after falling to a three-year low on Tuesday. Taiwanese shares underperformed the region.
In FX, the Bloomberg Dollar Spot Index is up 0.1%. The Japanese yen is the weakest of the G-10 currencies amid tariff concerns, falling 0.8% against the greenback and pushing USD/JPY to ~153.65. The Japanese government asked Trump on Wednesday to exempt the nation’s companies from his fresh tariffs. The Swiss franc outperforms with a 0.2% gain.
In rates, treasury yields are marginally cheaper across the curve with bunds and gilts lagging slightly as traders await January CPI data at 8:30am New York time and Powell’s testimony to House Financial Services panel at 10am. US 10-year yield is ~1bp higher on the day near 4.55% with bunds and gilts lagging by an additional 1.5bp and 1bp in the sector; curve spreads are narrowly mixed after steepening over past two sessions. Busy event slate also includes $42 billion 10-year note sale at 1pm, following strong demand for Tuesday’s 3-year note auction.
In commodities, Brent crude futures drop 1% to $76.30 a barrel. Spot gold falls $17 to around $2,880/oz.
US economic data calendar includes January CPI report (8:30am) and federal budget balance (2pm). Fed speaker slate includes Powell testimony to the US House Committee on Financial Services (10am), Bostic (12pm) and Waller (5:05pm).
Market Snapshot
- S&P 500 futures down 0.2% to 6,080.50
- STOXX Europe 600 up 0.2% to 548.02
- MXAP up 0.3% to 185.08
- MXAPJ up 0.8% to 584.79
- Nikkei up 0.4% to 38,963.70
- Topix little changed at 2,733.33
- Hang Seng Index up 2.6% to 21,857.92
- Shanghai Composite up 0.9% to 3,346.39
- Sensex down 0.2% to 76,145.08
- Australia S&P/ASX 200 up 0.6% to 8,535.26
- Kospi up 0.4% to 2,548.39
- German 10Y yield little changed at 2.45%
- Euro up 0.1% to $1.0373
- Brent Futures down 0.9% to $76.32/bbl
- Brent Futures down 0.9% to $76.32/bbl
- Gold spot down 0.3% to $2,889.78
- US Dollar Index little changed at 107.98
Top Overnight News
- President Trump’s team is working to impose as soon as this week reciprocal tariffs on nations that have slapped levies on U.S. exports, using executive action to bring to life a far-reaching proposal from his first term that never came to fruition. WSJ
- US President Trump’s advisers reportedly eye bank regulator consolidation and are said to discuss consolidating bank regulators’ OCC and FDIC, according to WSJ.
- Trump administration officials are discussing plans to curtail and combine the power of banking regulators. After closing and halting the CFPB, the White House is now looking at whether other bank regulators can be consolidated (Fed, OCC, FDIC, Treasury). WSJ
- The White House plans to nominate Jonathan McKernan to lead the CFPB full-time and Jonathan Gould to lead the OCC, according to Punchbowl.
- US President Trump is lined up to attend a Saudi-backed conference in Miami this month: Reuters
- Fed’s Williams (Vice Chair) said monetary policy is well positioned to achieve Fed goals and the US economy is in a good place, while inflation expectations are well anchored and the US unemployment rate should stay between 4% to 4.25%. Williams also stated that the US is to grow by around 2% this year and next, while inflation is to hang around 2.5% this year and 2% in the coming years. Furthermore, Williams said it is hard to determine if uncertainty is weighing on the economy, as well as noted that monetary policy is where it should be and monetary policy remains appropriately restrictive.
- China’s purchases of chipmaking equipment are set to decline this year after three years of growth, as the industry grapples with overcapacity and faces greater constraints from U.S. sanctions, a consultancy said on Wednesday. RTRS
- Australia is “killing” the US aluminum market, a Trump adviser said, in a potential blow to its efforts to secure an exemption. Japan asked Trump to exclude its firms from levies. BBG
- Eurozone considers imposing a temporary cap on local gas prices amid a record gap compared to the US. European natural gas prices traded at the highest in more than two years this week, in part due to low temperatures and a lack of wind that has stalled renewable energy production. FT
- Chancellor Rachel Reeves and the UK government are coming under pressure to either cut spending or raise taxes as growth undershoots expectations. FT
- The UK economy may have shrunk in the fourth quarter, with economists expecting GDP fell 0.1% following a stagnant third quarter. The BOE estimates there is a 40% chance that Britain is already in a technical recession. BBG
- US crude inventories jumped by 9 million barrels last week, the API is said to have reported. That would be the biggest increase in a year if confirmed by the EIA today. The market will be watching official figures to see if inflows from Canada climbed further. BBG
Tariffs
- US Trump aide Navarro is said to be the leading advocate for the reciprocal-tariffs, WSJ sources said; which could also go beyond simply matching other nations’ tariffs to take into account nontariff trade barriers. Potentially leaves Japan, Europe, and China on the hook for higher tariffs.
- US President Trump responded “We’ll see” when asked if reciprocal tariffs are still coming on Wednesday.
- White House said 25% steel tariffs would stack on other levies, according to Canadian press cited by Reuters.
- Japanese Industry Minister Muto said they requested the US to exclude Japan from steel and aluminium tariffs, while Finance Minister Kato said they will assess the impact of US tariffs on the Japanese economy and respond appropriately.
- The first conversation between European Commission President von der Leyen and US VP JD Vance yesterday was said to be “very constructive” and focused on areas where interests aligned, according to sources cited by the FT.
- US President Trump will sign executive orders at 14:30 EST (19:30 GMT), via Punchbowl.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were ultimately mixed with price action somewhat choppy following the similar performance stateside in the aftermath of Trump’s recent tariff announcements and with US CPI data on the horizon. ASX 200 traded higher as strength in the top-weighted financial sector and the industrials atoned for the losses in tech, while participants digested key earnings releases including from Australia’s largest bank and most valuable company, CBA. Nikkei 225 advanced on return from yesterday’s holiday closure amid recent currency weakness but momentarily pared all of its gains amid rising yields and tariff-related uncertainty. Hang Seng and Shanghai Comp were varied with outperformance in Hong Kong led by strength in tech stocks including Alibaba after reports that Apple partnered with Alibaba to develop AI features for iPhone users in China, while SMIC benefitted after it posted stronger-than-expected revenue and guided revenue growth. Conversely, the mainland was contained with price action choppy amid ongoing trade frictions and the PBoC’s liquidity effort.
Top Asian News
- BoJ Governor Ueda said they will conduct monetary policy appropriately to achieve the 2% target and will monitor the impact of US tariff and immigration policies. Ueda said the pace of monetary adjustment should depend on economic situations and he is aware that rising inflation, including fresh foods, is having a negative impact on households, while he added there could be risks that rising prices of fresh foods may not be temporary and could affect people’s sentiment.
European bourses are generally modestly firmer, despite a mixed handover from the APAC session. European sectors hold a positive bias; Real Estate takes the top spot, propped up by post-earning strength in homebuilder Barratt Redrow (+5.6%). Heineken (+11.4%) jumped at the open after the co. beat on profit and announced a share buyback. Energy is the clear laggard, given the weakness in oil prices today.
Top European News
- ECB’s Holzmann said lowering rates by 50bps increments this year would “not be a wise move”
- Riksbank’s Bunge said inflation outcome for Jan was higher than expected, but the reasons for this are not known and figures should be interpreted with caution
FX
- DXY is steady ahead of upcoming US CPI data whereby core M/M CPI is expected to tick higher to 0.3% from 0.2%, Y/Y nudge lower to 3.1% from 3.2%, headline M/M is seen falling to 0.3% from 0.4% and Y/Y is expected to hold steady at 2.9%. Elsewhere, today sees Powell address The House. Bostic and Waller are also due (latter is speaking on Stablecoins). DXY is back below the 108 mark and in close proximity to its 50DMA at 107.95.
- EUR is stronger vs. the USD for a third consecutive session. However, it remains to be seen how durable the recent uptick will be given the Eurozone’s uncertain growth outlook, easing bias at the ECB and vulnerability of the Eurozone to tariff action from the Trump administration. ECB’s Nagel is due to speak on the natural rate later today. EUR/USD has been as high as 1.0379 but is yet to breach yesterday’s 1.0381 peak.
- JPY is the clear laggard across the majors, potentially a factor of the relatively higher yield environment. Japanese-specific drivers have been on the light side asides from some non-incremental remarks from BoJ Governor Ueda overnight who stated that the pace of monetary adjustment should depend on the economic situation and he is aware that rising inflation, including fresh foods, is having a negative impact on households. USD/JPY is now back above its 200DMA at 152.70 with a current session peak at 153.88. Focus is now on a test of 154.
- GBP is steady vs. the USD with the lone highlight on today’s UK calendar coming via a speech by MPC member Greene at 15:00GMT. Greene’s remarks will follow those yesterday of dovish dissenter Mann who gave her reasoning behind her dovish dissent at the last meeting but noted her “active rate policy does not mean cut, cut, cut” and suggested she may not opt for another 50bps cut at the next meeting. Cable briefly popped above yesterday’s 1.2454 peak but ran out of steam ahead of the 50DMA at 1.2476.
- Antipodeans are both marginally softer in quiet trade for the antipodes. AUD/USD is pausing for breath after two consecutive sessions of gains which has brough the pair above its 50DMA at 0.6271 but failed to sustain a move above the 0.63 mark with a current session peak at 0.6309.
- PBoC set USD/CNY mid-point at 7.1710 vs exp. 7.2971 (prev. 7.1716).
Fixed Income
- USTs are steady ahead of upcoming US CPI data. An in-line report could cement the markets view of inflation stickiness given that the most recent Fed statement did not include language that inflation had made progress to its 2% goal. On the trade front, WSJ reports that reciprocal tariffs could go beyond simply matching other nations’ tariffs to take into account nontariff trade barriers. For the docket today; US 10yr supply, and Fed speak from Bostic, Waller and Powell. After printing a base at 4.40% on 5th February, the US 10yr yield has been up for 5 sessions in a row and ventured as high as 4.556% today.
- Bunds are lower by around 20 ticks. German yields are higher once again after a strong showing yesterday which Rabobank attributes to a glut of (particularly sovereign) issuance given an absence of any market moving type newsflow (including a lack of fresh EZ data or a shift in tone from central bank speakers). EZ-docket is fairly light, but ECB’s Nagel is due; US CPI will take focus. German 2054/2050 lines passed without issue, sparking little move in German paper.
- Gilts marginally higher after yesterday’s session of losses. The lone highlight on today’s UK calendar coming via a speech by MPC member Greene at 15:00GMT. Mar’25 Gilts are currently sat just below the 93.00 mark with the corresponding 10 year yield holding above the 4.5% mark.
- Germany sells EUR 1.189bln vs exp. EUR 1.5bln 2.50% 2054 Bund and EUR 0.795bln vs. Exp. EUR 1bln 0.00% 2050 Bund.
Commodities
- A soft session for the crude complex today, giving back some of the geopolitical-induced upside in the prior session; but underlying tensions still remain unresolved regarding US-Israel and Gaza. Although Journalist Kais did report that there is “some optimism” about reaching a solution. Brent currently trades at the bottom end of a USD 76.22-91/bbl range.
- Spot gold is a little lower today, currently off by around USD 5.00/oz; price action has been very rangebound and contained within a USD 2883.79-2900.75/oz confine.
- Mixed trade in base metals with markets cautious ahead of US CPI and potential Trump reciprocal tariffs. 3M LME copper resides in a USD 9,347.85-9,416.00/t range this morning.
- EU considers a temporary gas price cap to counter diverging costs with the US, although the proposal has spurred backlash from the industry which warned it could damage trust, according to FT.
- Vitol CEO said European LNG prices are reaching levels where demand is going to start to be impacted. EU government intervention will be required to ensure adequate winter LNG supplies.
- UAE Energy Minister said “I don’t think that Deepseek’s AI advancement will hit demand for Nuclear energy”. There will be huge demand for energy, probably greener, to supply data centres. “Optimistic that we will have sufficient energy to supply the AI boom”. Ensuring market stability to benefit of producing and consuming nations is very hard, especially with OPEC’s shrining market share.
- Russian Deputy PM Novak says it fully complied with OPEC+ oil cuts deal in January and will do the same in February. Expects to keep or increase oil refining throughout in 2025. There is no discussion of gas swaps with Azerbaijan for exports to Europe via Ukraine.
Geopolitics: Middle East
- Journalist Kais said “Qatar and Egypt are in contact with the US on the [Ceasefire] issue, and there is some optimism about reaching a solution”, citing mediating sources.
- Iran’s Supreme leader Khamenei said Tehran should further continue improving it’s defence sector, accuracy of Iranian missiles should be further improved.
- “Syrian sources: The Israeli army penetrates into the town of “Saida Golan” in the southern countryside of Quneitra”, via Sky News Arabia.
- “The [Israeli] negotiating team advised cabinet ministers to resolve the crisis with Hamas and not to allow the deal to collapse”, according to Israeli sources via Al Jazeera.
- US Secretary of State Rubio said if Hamas does not abide by the agreement by Saturday, he thinks Israel will intervene again, while he added that Trump wants to get all detainees out of the Gaza Strip at once and that Hamas violates the ceasefire agreement in the Gaza Strip, according to Asharq News.
- Egypt plans to offer a comprehensive proposal to rebuild Gaza while ensuring Palestinians remain on their land and looks forward to cooperating with US President Trump to achieve a comprehensive and just peace in the region. Egypt also affirmed the rejection of any proposal to allocate land to Gaza residents.
Geopolitics: Ukraine
- Russia’s Kremlin said Russia will never discuss swapping Ukrainian territory it controls or area Ukraine holds in the Kursk region.
- Russian Deputy Chairman of the Security Council Medvedev said “we can have peace through strength” and Russian showed strength with missiles and drone strikes on Kyiv (Ukraine).
- Ukrainian President Zelensky stated in a recent interview with AFP that he is willing to swap Russian territory captured by Ukraine in the Kursk region for Ukrainian territory captured by Russia in the east in a negotiated peace settlement to end the ongoing war.
- Russian air attack sparked fires in two Kyiv districts, according to the head of Kyiv’s military administration. Furthermore, Ukrainian President Zelensky’s aide said Russia carried out a missile strike on Kyiv, while the city mayor said emergency services were called to several districts.
- US President Trump said on Truth that he will send US Treasury Secretary Bessent to Ukraine to meet Zelensky, while he added the war must end and will end soon. It was separately reported that White House National Security Adviser Waltz said they are moving in the right direction to end the brutal and terrible war in Ukraine.
Geopolitics: Other
- US Navy confirmed two US warships carried out a north-to-south Taiwan Strait transit and said it was routine, while China’s military organised its naval and air force to monitor US ships crossing the Taiwan Strait from Feb. 10th-12th.
- China’s Taiwan Affairs Office said it resolutely opposes and will never allow any foreign interference, while it has full confidence and sufficient ability to safeguard national sovereignty and territorial integrity. It also said the US should prudently and properly handle Taiwan-related issues and not send wrong signals to independence separatist forces.
- China’s Coast Guard conducted a ‘rights defence’ patrol in the ‘territorial waters’ of the Diaoyu/Senkaku Islands on Wednesday, according to state media.
US Event Calendar
- 07:00: Feb. MBA Mortgage Applications 2.3%, prior 2.2%
- 08:30: Jan. CPI MoM, est. 0.3%, prior 0.4%
- 08:30: Jan. CPI YoY, est. 2.9%, prior 2.9%
- 08:30: Jan. CPI Ex Food and Energy MoM, est. 0.3%, prior 0.2%
- 08:30: Jan. CPI Ex Food and Energy YoY, est. 3.1%, prior 3.2%
- 08:30: Jan. Real Avg Hourly Earning YoY, prior 1.0%, revised 1.2%
- 08:30: Jan. Real Avg Weekly Earnings YoY, prior 0.7%, revised 0.5%
- 14:00: Jan. Federal Budget Balance, est. -$94.8b, prior -$86.7b
DB’s Jim Reid concludes the overnight wrap
I’m waking up in Paris this morning and will be waking up in a hospital in London later tonight after brief sedation post another back injection. I’m on last chance saloon before back fusion surgery that I’m trying to delay until the autumn. One of my discs in my lower back has slowly collapsed with no room for the nerve which is therefore consistently compressed. As such I’ve had constant sciatica for the last 3-4 years. I work on my core 4-5 days a week, have done countless physio sessions, numerous injections, and had a slightly simpler back operation 2 years ago. Nothing works. If anyone has experience of fusion surgery or any last-minute advice on how to avoid it I’d be interested to hear but I’ve tried most things non-surgical. Difficult to reallign a disc that’s old and out of shape! The good news is that I’ve still managed to play to a 2.5 golf handicap in spite of the pain. The bad news is I’ll be potentially off golf for 6 months when I have the op. I’m inspired by the fact that Tiger Woods won the Masters two years after fusion surgery! My equivalent will be the Worplesdon Golf Club Over 50s Cup in 2026!
Talking of 2026, markets have been getting slightly more concerned in recent days as to where inflation will be next year. We’ll know a little more about the near term direction of travel today with US CPI out later. Ahead of that bonds have continued to sell off from their 2025 yield lows seen last week. There were a few catalysts yesterday but comments from Fed Chair Powell, who said that “we do not need to be in a hurry to adjust our policy stance” were a factor even if that’s what we expected him to say. But on top of that, a fresh rise in energy prices and the prospect of retaliatory tariffs from the EU led to anxiety that inflation would keep lingering above target for some time. Indeed, the US 2yr inflation swap (+4.2bps) closed at its highest in nearly two years, at 2.796%.
This backdrop makes it an interesting day to get the US CPI print for January, which will offer the first big clue on inflation in 2025. Today’s report is getting a decent amount of attention, in part because last January’s report saw a strong upside surprise, so the fear is we could get another new year uptick that upsets market expectations for the Fed to still cut this year. That’s particularly the case because recent data has leant in a more hawkish direction, with the 3m annualised rate of CPI already running at +3.9% in December, whilst the 6m rate was at +3.0%.
In terms of what to expect, our US economists are looking for monthly headline CPI at +0.31%, which would keep the year-on-year rate at +2.9%. Then for core CPI, they’re looking for a monthly +0.28% print, with the year-on-year rate ticking down a tenth to +3.1%. The other key thing to look out for will be the annual revisions to the seasonal adjustment factors, which could affect the last 5 years of data. Last year the revisions didn’t change the picture much at all, but two years ago they showed that inflation wasn’t slowing as rapidly as we thought, so that shifted attitudes in a more hawkish direction. For more details, see our US economists’ full preview here and how to sign up for their immediate reaction webinar.
Ahead of that, the main story yesterday came from Fed Chair Powell, who was delivering his semiannual testimony before the Senate Banking Committee. As discussed above, his main comment was that the Fed didn’t need to be in a hurry, and he also said that if “the economy remains strong and inflation does not continue to move sustainably toward 2 percent, we can maintain policy restraint for longer.” Otherwise, there wasn’t too much in the way of headlines. Note that Powell speaks before the House Financial Services Commitee today in the second of his semi-annual double bill in Congress. Normally the second act doesn’t get as many headlines but there’s a chance today’s CPI may solicit a slightly different tone or encourage different questions. All depends on where the release is relative to expectations.
While we wait for this, there was fresh news on the tariff front as the EU said that US tariffs on metals would “trigger firm and proportionate countermeasures.” The US tariffs don’t come into effect until March 12, so in theory that could offer time for a delay or a deal to be reached, as happened with Canada and Mexico last week. But for markets, the concern is this is going to lead to higher inflation on both sides of the Atlantic. And that sentiment was exacerbated by another rise in energy prices yesterday, with Brent crude oil (+1.17%) moving up for a 3rd day running to $76.76/bbl.
All that helped lead to a significant sovereign bond selloff yesterday, particularly in Europe. For instance, yields on 10yr bunds rose +6.8bps to 2.43%, which is their biggest daily increase of 2025 so far, albeit a good 22bps off the YTD highs in the first half of January. Similarly, yields on 10yr gilts (+5.1bps), OATs (+12.1bps) and BTPs (+8.0bps) all jumped higher as well. And in the US, Treasury yields rose across the curve, with the 2yr yield up +1.0bps to 4.28%, whilst the 10yr yield was up +3.9bps to 4.535% (4.545% in Asia). The steepening came amid strong demand for near-dated US government bonds, as the US Treasury’s $58 billion auction of 3-year notes saw a record low 10.2% primary dealer award.
Investors also dialled back the likelihood of Fed rate cuts, with the probability of a rate cut by June ticking down to 59%, from 63% the previous day. This comes amid another spate of Fed speakers preaching patience. New York Fed Reserve President Williams yesterday said he expects inflation will continue to move toward the bank’s stated 2% target, “but it’s important to note that the economic outlook remains highly uncertain, particularly around potential fiscal, trade, immigration and regulatory policies.” He still had a year-end inflation target of 2.5%, with the 2% goal arriving “in the coming years”. Cleveland Fed President Hammack, a non-voter this year who dissented the cut in December, said she would keep rates steady to study new government policies and wait for further evidence of lower price pressures.
For equities, there was a more robust performance over the last 24 hours, particularly in Europe. For instance, the STOXX 600 (+0.23%), the DAX (+0.58%) and the FTSE 100 (+0.11%) all moved up to record highs. That cements the DAX as the strongest-performing major index of 2025, having risen by +10.69% since the start of the year, and making it the strongest start to a year by this point since 2012. Meanwhile in the US, the S&P 500 (+0.03%) was basically flat, but it still remained less than 1% beneath its all-time high from January. Autos (-5.82%) were a major laggard yesterday primarily due to TSLA (-6.34%) underperforming as Chinese competitor BYD announced plans for self-driving technology to become standard in their cars. This latest slide means the automaker is down -31.5% from all-time highs reached in mid-December. Autos were also under pressure as reports circulated that Ford (down -0.32% yesterday, -6.97% YTD) CEO Jim Farley will be meeting with lawmakers in DC today in order to argue against the spectre of tariffs which are weighing on the industry.
Asian equity markets are mostly higher with the Hang Seng (+1.56%) leading gains in the region as Chinese tech, and EV stocks are surging amid AI hype. Meanwhile, the Nikkei (+0.18%) is edging higher after returning from a holiday with the KOSPI (+0.22%) and the S&P/ASX 200 (+0.51%) also up. Elsewhere, mainland Chinese stocks are bucking the regional trend with the CSI (-0.12%) and the Shanghai Composite (-0.01%) swinging between gains and losses. US futures are down around a tenth of a percent.
In stock specific news, Alibaba Group shares jumped more than 8%, hitting a four-month high on reports of a strategic partnership with Apple Inc to develop artificial intelligence (AI) features for iPhones in China. BYD Co. (+5.5%) has surged to a new record after the self-driving news we discussed above.
In FX, the Japanese yen (-0.76%) continues to lose ground for the third consecutive day trading at a 1-week low of 153.65 against the dollar due to reciprocal tariff uncertainty. Yen’s underperformance is in contrast from last week when the currency had strengthened for four straight sessions on rising bets that the BOJ will raise rates again this year. This morning, overnight index swaps (OIS) are suggesting a 77% chance of a BOJ rate hike by July and fully pricing in a rate hike by October.
There wasn’t much data yesterday, although in the US, the NFIB’s small business optimism index fell a bit more than expected in January. That was down to 102.8 (vs. 104.7 expected), moving off its 6-year high in December. Otherwise, the French unemployment rate was down to 7.3% in Q4 (vs. 7.5% expected).
To the day ahead now, and data releases include the US CPI print for January, and Italian industrial production for December. From central banks, Fed Chair Powell will be speaking before the House Financial Services Committee, and we’ll also hear from the Fed’s Bostic and Waller, the ECB’s Elderson and Nagel, and the BoE’s Greene.
2B) EUROPEAN REPORT
USD and USTs steady ahead of US CPI while crude slips; reports suggest optimism surrounding Middle Eastern talks – Newsquawk US Market Open
Wednesday, Feb 12, 2025 – 05:52 AM
- US President Trump responded “We’ll see” when asked if reciprocal tariffs are still coming on Wednesday.
- European bourses hold an upward tilt pre-US CPI and with tariffs capping optimism; US futures are mixed.
- USD steady ahead of CPI, JPY is on the backfoot given the yield environment.
- USTs trade steady ahead of CPI, German yields continue their march higher.
- Crude slips on inventories which saw a surprise build in headline crude stockpiles, reports suggest there is “some optimism about reaching a solution” on Middle Eastern talks.
- Looking ahead, US CPI, OPEC MOMR, BoC Minutes, Speakers including Fed Chair Powell, Bostic, Waller & BoE’s Greene, Earnings from Vertiv, CVS, Biogen, Reddit.
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EUROPEAN TRADE
TARIFFS
- US Trump aide Navarro is said to be the leading advocate for the reciprocal-tariffs, WSJ sources said; which could also go beyond simply matching other nations’ tariffs to take into account nontariff trade barriers. Potentially leaves Japan, Europe, and China on the hook for higher tariffs.
- US President Trump responded “We’ll see” when asked if reciprocal tariffs are still coming on Wednesday.
- White House said 25% steel tariffs would stack on other levies, according to Canadian press cited by Reuters.
- Japanese Industry Minister Muto said they requested the US to exclude Japan from steel and aluminium tariffs, while Finance Minister Kato said they will assess the impact of US tariffs on the Japanese economy and respond appropriately.
- The first conversation between European Commission President von der Leyen and US VP JD Vance yesterday was said to be “very constructive” and focused on areas where interests aligned, according to sources cited by the FT.
- US President Trump will sign executive orders at 14:30 EST (19:30 GMT), via Punchbowl.
- Click for the Newsquawk tariff analysis.
EQUITIES
- European bourses are generally modestly firmer, despite a mixed handover from the APAC session.
- European sectors hold a positive bias; Real Estate takes the top spot, propped up by post-earning strength in homebuilder Barratt Redrow (+5.6%). Heineken (+11.4%) jumped at the open after the co. beat on profit and announced a share buyback. Energy is the clear laggard, given the weakness in oil prices today.
- US equity futures are mixed and trade on either side of the unchanged mark. Focus for today will be on US CPI as well as several Fed speakers including Chair Powell, who is to appear before the House Financial Services Committee.
- Computer researchers in China using domestically made graphics processors have achieved a near-tenfold boost in performance over powerful US supercomputers that rely on Nvidia’s (NVDA) hardware, according to a peer-reviewed study cited by SCMP.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- DXY is steady ahead of upcoming US CPI data whereby core M/M CPI is expected to tick higher to 0.3% from 0.2%, Y/Y nudge lower to 3.1% from 3.2%, headline M/M is seen falling to 0.3% from 0.4% and Y/Y is expected to hold steady at 2.9%. Elsewhere, today sees Powell address The House. Bostic and Waller are also due (latter is speaking on Stablecoins). DXY is back below the 108 mark and in close proximity to its 50DMA at 107.95.
- EUR is stronger vs. the USD for a third consecutive session. However, it remains to be seen how durable the recent uptick will be given the Eurozone’s uncertain growth outlook, easing bias at the ECB and vulnerability of the Eurozone to tariff action from the Trump administration. ECB’s Nagel is due to speak on the natural rate later today. EUR/USD has been as high as 1.0379 but is yet to breach yesterday’s 1.0381 peak.
- JPY is the clear laggard across the majors, potentially a factor of the relatively higher yield environment. Japanese-specific drivers have been on the light side asides from some non-incremental remarks from BoJ Governor Ueda overnight who stated that the pace of monetary adjustment should depend on the economic situation and he is aware that rising inflation, including fresh foods, is having a negative impact on households. USD/JPY is now back above its 200DMA at 152.70 with a current session peak at 153.88. Focus is now on a test of 154.
- GBP is steady vs. the USD with the lone highlight on today’s UK calendar coming via a speech by MPC member Greene at 15:00GMT. Greene’s remarks will follow those yesterday of dovish dissenter Mann who gave her reasoning behind her dovish dissent at the last meeting but noted her “active rate policy does not mean cut, cut, cut” and suggested she may not opt for another 50bps cut at the next meeting. Cable briefly popped above yesterday’s 1.2454 peak but ran out of steam ahead of the 50DMA at 1.2476.
- Antipodeans are both marginally softer in quiet trade for the antipodes. AUD/USD is pausing for breath after two consecutive sessions of gains which has brough the pair above its 50DMA at 0.6271 but failed to sustain a move above the 0.63 mark with a current session peak at 0.6309.
- PBoC set USD/CNY mid-point at 7.1710 vs exp. 7.2971 (prev. 7.1716).
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- USTs are steady ahead of upcoming US CPI data. An in-line report could cement the markets view of inflation stickiness given that the most recent Fed statement did not include language that inflation had made progress to its 2% goal. On the trade front, WSJ reports that reciprocal tariffs could go beyond simply matching other nations’ tariffs to take into account nontariff trade barriers. For the docket today; US 10yr supply, and Fed speak from Bostic, Waller and Powell. After printing a base at 4.40% on 5th February, the US 10yr yield has been up for 5 sessions in a row and ventured as high as 4.556% today.
- Bunds are lower by around 20 ticks. German yields are higher once again after a strong showing yesterday which Rabobank attributes to a glut of (particularly sovereign) issuance given an absence of any market moving type newsflow (including a lack of fresh EZ data or a shift in tone from central bank speakers). EZ-docket is fairly light, but ECB’s Nagel is due; US CPI will take focus. German 2054/2050 lines passed without issue, sparking little move in German paper.
- Gilts marginally higher after yesterday’s session of losses. The lone highlight on today’s UK calendar coming via a speech by MPC member Greene at 15:00GMT. Mar’25 Gilts are currently sat just below the 93.00 mark with the corresponding 10 year yield holding above the 4.5% mark.
- Germany sells EUR 1.189bln vs exp. EUR 1.5bln 2.50% 2054 Bund and EUR 0.795bln vs. Exp. EUR 1bln 0.00% 2050 Bund.
- Click for a detailed summary
COMMODITIES
- A soft session for the crude complex today, giving back some of the geopolitical-induced upside in the prior session; but underlying tensions still remain unresolved regarding US-Israel and Gaza. Although Journalist Kais did report that there is “some optimism” about reaching a solution. Brent currently trades at the bottom end of a USD 76.22-91/bbl range.
- Spot gold is a little lower today, currently off by around USD 5.00/oz; price action has been very rangebound and contained within a USD 2883.79-2900.75/oz confine.
- Mixed trade in base metals with markets cautious ahead of US CPI and potential Trump reciprocal tariffs. 3M LME copper resides in a USD 9,347.85-9,416.00/t range this morning.
- EU considers a temporary gas price cap to counter diverging costs with the US, although the proposal has spurred backlash from the industry which warned it could damage trust, according to FT.
- Vitol CEO said European LNG prices are reaching levels where demand is going to start to be impacted. EU government intervention will be required to ensure adequate winter LNG supplies.
- UAE Energy Minister said “I don’t think that Deepseek’s AI advancement will hit demand for Nuclear energy”. There will be huge demand for energy, probably greener, to supply data centres. “Optimistic that we will have sufficient energy to supply the AI boom”. Ensuring market stability to benefit of producing and consuming nations is very hard, especially with OPEC’s shrining market share.
- Russian Deputy PM Novak says it fully complied with OPEC+ oil cuts deal in January and will do the same in February. Expects to keep or increase oil refining throughout in 2025. There is no discussion of gas swaps with Azerbaijan for exports to Europe via Ukraine.
- Click for a detailed summary
NOTABLE DATA RECAP
- Italian Industrial Output MM SA (Dec) -3.1% vs. Exp. -0.2% (Prev. 0.3%); Industrial Output YY WDA (Dec) -7.1% (Prev. -1.5%, Rev. -1.6%)
NOTABLE EUROPEAN HEADLINES
- ECB’s Holzmann said lowering rates by 50bps increments this year would “not be a wise move”
- Riksbank’s Bunge said inflation outcome for Jan was higher than expected, but the reasons for this are not known and figures should be interpreted with caution
NOTABLE US HEADLINES
- Fed’s Williams (Vice Chair) said monetary policy is well positioned to achieve Fed goals and the US economy is in a good place, while inflation expectations are well anchored and the US unemployment rate should stay between 4% to 4.25%. Williams also stated that the US is to grow by around 2% this year and next, while inflation is to hang around 2.5% this year and 2% in the coming years. Furthermore, Williams said it is hard to determine if uncertainty is weighing on the economy, as well as noted that monetary policy is where it should be and monetary policy remains appropriately restrictive.
- US President Trump’s advisers reportedly eye bank regulator consolidation and are said to discuss consolidating bank regulators’ OCC and FDIC, according to WSJ. In relevant news, the White House plans to nominate Jonathan McKernan to lead the CFPB full-time and Jonathan Gould to lead the OCC, according to Punchbowl.
- US President Trump is lined up to attend a Saudi-backed conference in Miami this month, according to Reuters sources.
GEOPOLITICS
MIDDLE EAST
- Journalist Kais said “Qatar and Egypt are in contact with the US on the [Ceasefire] issue, and there is some optimism about reaching a solution”, citing mediating sources.
- Iran’s Supreme leader Khamenei said Tehran should further continue improving it’s defence sector, accuracy of Iranian missiles should be further improved.
- “Syrian sources: The Israeli army penetrates into the town of “Saida Golan” in the southern countryside of Quneitra”, via Sky News Arabia.
- “The [Israeli] negotiating team advised cabinet ministers to resolve the crisis with Hamas and not to allow the deal to collapse”, according to Israeli sources via Al Jazeera.
- US Secretary of State Rubio said if Hamas does not abide by the agreement by Saturday, he thinks Israel will intervene again, while he added that Trump wants to get all detainees out of the Gaza Strip at once and that Hamas violates the ceasefire agreement in the Gaza Strip, according to Asharq News.
- Egypt plans to offer a comprehensive proposal to rebuild Gaza while ensuring Palestinians remain on their land and looks forward to cooperating with US President Trump to achieve a comprehensive and just peace in the region. Egypt also affirmed the rejection of any proposal to allocate land to Gaza residents.
RUSSIA-UKRAINE
- Russia’s Kremlin said Russia will never discuss swapping Ukrainian territory it controls or area Ukraine holds in the Kursk region.
- Russian Deputy Chairman of the Security Council Medvedev said “we can have peace through strength” and Russian showed strength with missiles and drone strikes on Kyiv (Ukraine).
- Ukrainian President Zelensky stated in a recent interview with AFP that he is willing to swap Russian territory captured by Ukraine in the Kursk region for Ukrainian territory captured by Russia in the east in a negotiated peace settlement to end the ongoing war.
- Russian air attack sparked fires in two Kyiv districts, according to the head of Kyiv’s military administration. Furthermore, Ukrainian President Zelensky’s aide said Russia carried out a missile strike on Kyiv, while the city mayor said emergency services were called to several districts.
- US President Trump said on Truth that he will send US Treasury Secretary Bessent to Ukraine to meet Zelensky, while he added the war must end and will end soon. It was separately reported that White House National Security Adviser Waltz said they are moving in the right direction to end the brutal and terrible war in Ukraine.
OTHER
- US Navy confirmed two US warships carried out a north-to-south Taiwan Strait transit and said it was routine, while China’s military organised its naval and air force to monitor US ships crossing the Taiwan Strait from Feb. 10th-12th.
- China’s Taiwan Affairs Office said it resolutely opposes and will never allow any foreign interference, while it has full confidence and sufficient ability to safeguard national sovereignty and territorial integrity. It also said the US should prudently and properly handle Taiwan-related issues and not send wrong signals to independence separatist forces.
- China’s Coast Guard conducted a ‘rights defence’ patrol in the ‘territorial waters’ of the Diaoyu/Senkaku Islands on Wednesday, according to state media.
CRYPTO
- Bitcoin is a little weaker in today’s session, trading just above USD 96k.
APAC TRADE
- APAC stocks were ultimately mixed with price action somewhat choppy following the similar performance stateside in the aftermath of Trump’s recent tariff announcements and with US CPI data on the horizon.
- ASX 200 traded higher as strength in the top-weighted financial sector and the industrials atoned for the losses in tech, while participants digested key earnings releases including from Australia’s largest bank and most valuable company, CBA.
- Nikkei 225 advanced on return from yesterday’s holiday closure amid recent currency weakness but momentarily pared all of its gains amid rising yields and tariff-related uncertainty.
- Hang Seng and Shanghai Comp were varied with outperformance in Hong Kong led by strength in tech stocks including Alibaba after reports that Apple partnered with Alibaba to develop AI features for iPhone users in China, while SMIC benefitted after it posted stronger-than-expected revenue and guided revenue growth. Conversely, the mainland was contained with price action choppy amid ongoing trade frictions and the PBoC’s liquidity effort.
NOTABLE ASIA-PAC HEADLINES
- BoJ Governor Ueda said they will conduct monetary policy appropriately to achieve the 2% target and will monitor the impact of US tariff and immigration policies. Ueda said the pace of monetary adjustment should depend on economic situations and he is aware that rising inflation, including fresh foods, is having a negative impact on households, while he added there could be risks that rising prices of fresh foods may not be temporary and could affect people’s sentiment.
2C ASIAN REPORT
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
CHINA /
END
END
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
ENGLAND
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HEZBOLLAH/LEBANON
ISRAEL/HAMAS/USA
Netanyahu declares war to resume if hostages not returned by Saturday
Netanyahu detailed Israel’s next steps following the conclusion of the political and security cabinet meeting.
By AMICHAI STEIN, YAEL HALFONFEBRUARY 11, 2025 17:01Updated: FEBRUARY 11, 2025 22:46
If Hamas does not release the hostages by Saturday noon, the hostage-ceasefire deal will end, Prime Minister Benjamin Netanyahu said on Tuesday.
Netanyahu detailed Israel’s next steps following the conclusion of the political and security cabinet meeting, which convened Tuesday early afternoon to discuss Hamas‘s suspension of the hostages’ release.
“If Hamas does not return our hostages by Saturday noon, the ceasefire will end, and the IDF will resume intense fighting until Hamas is decisively defeated,” Netanyahu said, adding the decision had been reached unanimously by cabinet members.
An Israeli official clarified to The Jerusalem Post that Israel expects three hostages to be released on Saturday as per the ceasefire agreement, with the rest being freed over the coming days.
However, later on Tuesday, a senior Israeli official walked back on the statement, saying that Netanyahu and the cabinet are sticking to US President Donald Trump’s demand that all hostages set to be freed in phase one be released on Saturday.
“I have just concluded an in-depth four-hour discussion in the security cabinet. We all expressed outrage at the appalling condition of the three hostages who were released last Saturday,” the prime minister said.
https://player.jpost.com/public/player.html?player=jpost&media=3848672&url=www.jpost.comPrime Minister Benjamin Netanyahu gives video statement, February 11, 2025 (credit: PMO).
“We also all welcomed President Trump’s demand for the release of our hostages by noon on Saturday, and we also welcomed the president’s revolutionary vision for the future of Gaza,” Netanyahu noted.
IDF troops deployed
“In light of Hamas’s announcement of its decision to violate the agreement and not release our hostages, I instructed the IDF last night to amass forces inside and around the Gaza Strip,” Netanyahu stated, adding, “This operation is underway as we speak and will be completed as soon as possible.”
Shortly after Netanyahu’s remarks, the military said additional troops, including reservists, were being deployed to the Southern Command.
Earlier on Tuesday, a source said there would be no second phase of hostage-ceasefire deal talks until all hostages are returned.
S
Hamas postpones release of hostages
On Monday, Hamas said it would postpone the release of the hostages scheduled for February 15 due to an Israeli violation of the hostage-ceasefire deal.
Following Hamas’s announcement on Monday, the IDF decided to raise the level of readiness in the Southern Command and postponed leave for combat soldiers and operational units.
Yuval Barnea contributed to this report.
END
ISRAEL/HAMAS/ HOSTAGES/EGYPT
Egypt offers ‘comprehensive proposal’ to rebuild Gaza after refusing refugees
Egypt’s statement comes as Trump continues to press for his plan to take over the Gaza Strip and resettle its population to neighboring Egypt and Jordan.
By REUTERS, JERUSALEM POST STAFFFEBRUARY 11, 2025 23:49Updated: FEBRUARY 12, 2025 00:14
Egypt plans to offer a “comprehensive proposal” to rebuild Gaza while ensuring Palestinians remain on their land, according to a foreign ministry statement on Tuesday.
It said it is looking forward to cooperating with US President Donald Trump to reach comprehensive and just peace in the region.
However, Egypt rejected any proposal to allocate land to Gaza residents, the state-affiliated Al Qahera News TV reported, citing Egyptian sources.
The statement comes as Trump continues to press for his plan to take over the Gaza Strip and resettle its population to neighboring Egypt and Jordan despite rejection from Arab states.
Additionally, on Tuesday, Trump met with Jordan’s King Abdullah, stating, “Palestinians will live safely in another location that is not Gaza,” he said, adding that the US wasn’t going to buy Gaza but rather “run it very properly.”
Trump said he thinks there will be parcels of land in Jordan and in Egypt where Palestinians will live, to which the King replied that he would do what is best for his country and that a future plan has to be in everyone’s best interest. Abdullah did, however, say that Jordan would take in 2000 sick children from Gaza.
Hamas’s response
In an official statement on Thursday, Hamas said they strongly rejected Trump’s plan to relocate Gazans and called on Arab countries to unite with the intent of combating the decision.
Hamas also demanded an emergency summit with Arab countries to confront what the terror group referred to as Trump’s “displacement project.”
“Trump’s talk about Washington’s acceptance of the Gaza Strip can be compared to a declaration of its [the US’s] desire to occupy the Strip,” Hamas said.
“We do not need any country to patrol the Gaza Strip, and we do not accept replacing one occupation with another,” the group added.
END
EGYPT/ JORDAN USA.GAZA
Egypt’s Sisi Cancels Planned White House Visit After Awkward Trump-King Abdullah Meeting
by Tyler Durden
Tuesday, Feb 11, 2025 – 07:40 PM
Egyptian President Abdel Fattah el-Sisi has canceled a planned February 18 visit to Washington to meet with President Donald Trump. It is being reported Tuesday as an indefinite postponement.
The key factor, which has reportedly brought US-Egypt relations to a low point, is Trump’s ‘takeover’ plan to expel Gazans into Egypt and Jordan. Another factor is Trump’s repeated reference to Sisi as “the general” – which was used publicly when Israel’s PM Netanyahu recently visited the White House.
“Egyptian officials viewed this as dismissive, sources said,” The New Arab reports. And then there was this during Trump’s first term, back in 2019 at a G7 summit:
“Where’s my favorite dictator?” Mr. Trump called out in a voice loud enough to be heard by the small gathering of American and Egyptian officials.
The same report writes of Trump’s controversial Gaza plan, “an Egyptian diplomatic source in Washington said Foreign Minister Badr Abdelatty had warned US officials and members of Congress that implementing Trump’s relocation plan could lead to a resurgence of radical Islamist groups in the region.”
Jordan is lockstep with Egypt on this. Trump hosted Jordan’s King Abdullah II on Tuesday in an awkward meeting which saw the monarch reject Trump’s pressure.
The king tried to preempt further pressure from Trump by pledging to take in 2,000 Palestinian children. Otherwise Jordanian sources have said they would seal the borders and potentially declare war in Israel if a mass ‘cleansing’ campaign ensues.
“The president and the king fielded some questions from reporters from the Oval Office, where Abdullah tried to slow roll Trump’s Gaza proposal, which is vastly unpopular in the Middle East,” The Hill reports. “Trump, meanwhile, vowed to press on but also lauded Abdullah and his pledge to take in 2,000 sick Palestinian children.”
So in the end, nothing much came of the Abdullah-Trump meeting, but likely Jordan was offered some major incentive by Trump behind the scenes.
The King immediately following the meeting emphasized Jordan firmly rejects any displacement of Palestinians from the Gaza Strip, and said all Arab leaders stand united on this.
Watch: Trump put a clearly nervous Abdullah on the spot in front of the press pool…
Below are some key lines from the press Q&A at the White House meeting:
* * *
King Abdullah of Jordan:
Asked about accepting Palestinians, the King mentioned a plan involving Egypt and discussions initiated by Saudi Crown Prince Mohammed bin Salman. He said, “We have to keep in mind how to make this work in everyone’s best interest.”
In response to Trump’s plan for a parcel of land for Palestinian refugees in Jordan: “I have to do what is best for my country.”
Announced that Jordan will accept 2,000 ill children from Gaza for medical treatment.
President Donald Trump:
Repeated his call for removing Palestinians en masse. Said Palestinians will live in “another location that is not Gaza.”
Stated the U.S. will “run Gaza very properly,” but, “we’re not going to buy it.”
Proposed the possibility of designating “parcels of land in Jordan and in Egypt” for Palestinians.
Called Abdullah’s pledge to take 2,000 sick Palestinian children “a beautiful gesture”.
Gaza: “We’re going to take it, we’re going to cherish it,” says Trump
Expressed doubt about Hamas meeting the captives release deadline: “I don’t think they’ll make Saturday’s deadline.”
Abdullah plays the game…
Meanwhile…
GAZA/UK
Gazan family allowed to enter UK through Ukraine refugee scheme
A British court ruled that a Palestinian family of six can join their UK-based brother through a program designed for Ukrainian refugees, sparking debate over immigration policy and human rights law.
By JERUSALEM POST STAFFFEBRUARY 12, 2025 03:54
Palestinians looking to flee Gaza have been granted the right to live in the United Kingdom by applying through a program meant for Ukrainian refugees, The Telegraph reported on Tuesday.
A British immigration judge ruled that a family of six would be allowed to join their brother, stating that rejecting their application breached their human rights.
According to The Telegraph, the family applied to live in Britain through the Ukraine Family Scheme, which allowed Ukrainian nationals to join family members in the UK for up to 3 years.
Lawyers for the British Home Office have warned that approving the application could create a loophole for “the admission of all those in conflict zones with family in the UK.”
The family applied using the Ukraine scheme in January 2024, claiming it best fit their circumstance and that their situation was so “compelling and compassionate” that it should be an exception to the rule.
The UK has not created a program for Gazan refugees
The claim was initially refused on the basis that only Parliment could decide which countries should benefit from resettlement programs, and Gazans overall had not been approved.
However, Judge Hugo Norton-Taylor overturned the ruling and granted the family’s appeal on the basis of Article 8 right to a family life under the European Convention on Human Rights (ECHR).
Despite the ruling, the Home Office has not created a resettlement scheme for people from Gaza and has stated it would contest similar claims in the future, The Telegraph reported.
“There are two million people in Gaza alone and tens of millions around the world in conflict zones, many of whom will have relations living in the UK. We obviously cannot accommodate all of them,” shadow home secretary Chris Philp said.
He stated that the case showed the UK needed to change its human rights laws so that only Parliament, not judges, had the final say on who could live in the UK.
The case, revealed in court documents, sparked criticism on Tuesday. Mr. Philp said it was an “alarming and dangerous” judgment, which created “a basis for anyone in any conflict zone anywhere in the world with relations in the UK to come here.”
“The UK has generously helped people in Ukraine, Syria, Afghanistan, and Hong Kong with specific humanitarian schemes. We cannot have judges simply making up new schemes based on novel and expansive interpretations of human rights law,” he said.
end
ISRAEL/Hezbollah
ISRAEL//HAMAS
end
HAMAS/ISRAEL//
WEST BANK/ ISRAEL
END
SYRIA/RUSSIA
end
RUSSIA/UKRAINE/USA
Russia vs USA
There is something strange going on. Recent DC chatter about conquering Russia in 3 days is not just a pipe dream but an insult. I doubt the Trump/Putin call went well. It is one thing to threaten Panama but it is another to threaten Russia. Putin has been holding back his own Neocons from lowering the boom on Ukraine. And Putin could care less about American dreams of land or resources to bail out the likes of BlackRock or Cargill. Several times now, I have warned about what comes in April.
If the Russians conclude they have nothing to gain by holding back, you will the real might of Russia unleashed upon Ukraine. Zelensky is caught in a trap because he cannot win and cannot leave his masters without trouble. And the thousands of Ukrainians being slaughtered daily is his to own along with those around him. Kursk is a complete disaster and a folly of military strategy caught up in fighting yesterday’s conflicts. American military needs a complete rethink and time to be repurposed. Otherwise, the next conflict will be a terrible loss. Do not doubt that the Chinese are studying carefully all the lessons being learnt in Ukraine to use against Taiwan one day.
Ryabkov has warned against the use of ultimatums and aggressive rhetoric in negotiations with Russia.
“The language of ultimatums, provocative statements, and attempts to make us accept unrealistic demands in exchange for supposed favors will not work in relations and dialogue with Russia,” he said. Russia knows it is winning and there is little that will deter them if they are being humbled by words that have no meaning. Threatening Russia is beyond dumb. Because the words are empty of substance to back them up. A real war with Russia will end in hours. Why do you think the Romanian President resigned today? Apart from being kicked out as a NATO puppet and populist opposition rising he did not want Romanian blood on his hands. Is Poland next on the hit list to attack Belarus? People are getting crazy.
The question is whether anyone is listening?
END
RUSSIA/UKRAINE
Massive Overnight Russian Strike On Kiev Used Ballistic Missiles, Over 120 Drones
Wednesday, Feb 12, 2025 – 09:15 AM
Russia has confirmed its forces launched major overnight missile strikes on Ukrainian military plants as well as energy infrastructure. Kiev suffered significant damage, resulting in casualties and several fires in the city.
A Wednesday statement by the defense ministry said that Russian forces had carried out a “group missile strike on workshops of Ukrainian military-industrial complex enterprises producing unmanned aerial vehicles and FPV drones.”
“The goals of the strikes have been accomplished, all designated facilities have been hit,” it said. The oblasts of Kyiv, Sumy, Poltava, and Chernigov were struck in the widespread assault.
Importantly the attack involved Iskander-M ballistic missiles and over 120 drones, which Ukrainian forces claiming to have shot down seven Iskanders and 71 UAVs, according to Russian media sources.
The Ukrainian capital appears to have been one of the hardest hit cities in the wave of strikes, which has been a rarity over the last year. One person was killed there, and four injured, including a nine-year-old girl, Kiev’s mayor said.
Ukraine’s Deputy Energy Minister on Wednesday said that the recent Russian strikes on gas infrastructure is creating “certain pressure” and that Ukraine will need help from partners to import additional volume of gas.
According to description of the missile attack in Ukrainian regional media:
Kyiv’s air defense systems intercepted six Russian Iskander-M ballistic missiles over the capital, according to Timur Tkachenko, head of the Kyiv City Military Administration (KMVA), citing the Air Force.
“This is a dangerous weapon that is not easy to neutralize, and even falling debris can cause serious destruction,” Tkachenko wrote on Telegram.
The attack damaged residential buildings, an office complex, and non-residential infrastructure in the Holosiivskyi, Svyatoshynskyi, Obolonskyi, Dniprovskyi, and Pecherskyi districts. As of 10:00 a.m., all fires in Kyiv had been extinguished or localized.
And Russia’s RT detailed, “Russian Telegram channels cited eyewitnesses reporting a 16 explosions across the city. Kiev Mayor Vitaly Klitschko reported fires in several districts, including one in the industrial zone in the northern part of the capital.”
President Zelensky reacted by saying that Vladimir Putin is “not preparing for peace” as “he continues to kill Ukrainians and destroy cities.”
“This night, Russia launched ballistic missiles and drones against Ukraine, damaging apartment buildings, office complexes, and civilian infrastructure.”
“Right now, we need unity and support from all our partners in the fight for a just end to this war,” he wrote on Telegram.
Just the day prior Zelensky offered a land swap deal to Putin, saying Ukraine will give up Kursk territory to end the war. The Tuesday comments described that if President Trump gets the warring sides to the negotiating table, “We will swap one territory for another.”
Thttps://x.com/DJDanzadotcom/status/1889675134484516905
he Ukrainian leader when asked in The Guardian interview precisely which territories Kiev would demand back, he responded: “I don’t know, we will see. But all our territories are important, there is no priority.” Obviously he has the four annexed eastern territories in mind.
But Wednesday’s ballistic missile and drone attack on Kiev has clearly slammed the door on Zelensky’s offer, which the Kremlin was never going to seriously entertain regardless. Ukraine has also continued to fire Western-supplied missiles on Russian territory, for which Moscow has warned it will start hitting command ‘decision-making centers’ in response.
RUSSIA/UKRAINE/USA
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
ROBERT H TWO COMMENTARIES
NEWS ALERT: PFIZER’S SECRET, CLASSIFIED LIST OF COVID-19 VACCINE SIDE EFFECTS FINALLY REVEALED – AND IT’S WORSE THAN YOU EVER IMAGINED! THEY TRIED TO HIDE THIS FROM YOU! – amg-news.com – American Media Group
Bill Gates and George Soros ripped off American taxpayers, milking $Billions from USAID to carry out their exploitative political agendas worldwide – NaturalNews.com
People have been lied to about so much that it is sickening. What is equally sickening is why such people are not charged for crimes committed? At least in several countries Gates cannot fly into anymore fearing arrest or worse. Perhaps this trend will be global soon. The Netherlands wants him to stand on trial.
The American people have long been betrayed by an establishment that has prioritized the agendas of Gates, Soros, and the WEF over their own interests. With the shutdown of USAID, there is finally a chance to expose the scale of this financial corruption and demand accountability. The time has come to confiscate the ill-gotten gains of these globalist oligarchs and redistribute them back to the hardworking American taxpayers who have funded their empire.
Bill Gates and George Soros ripped off American taxpayers, milking $Billions from USAID to carry out their exploitative political agendas worldwide
In a stunning move that has shocked the establishment, the Trump administration has ordered the shutdown of the US Agency for International Development (USAID), halting its operations and placing nearly all staff on leave. This is no mere bureaucratic reshuffle—it is a direct strike against a globalist enterprise that has siphoned billions of taxpayer dollars into the coffers of Bill Gates, George Soros, and the dystopian schemes of the World Economic Forum (WEF). For decades, USAID has been a pipeline for funneling American tax dollars into these individuals’ political agendas, bypassing democratic oversight and enriching their sprawling empires. As the agency teeters on permanent closure, a spotlight is shining on the staggering scale of this financial labyrinth and the urgent need to hold those responsible accountable.
Main Points:
• USAID has distributed billions of taxpayer dollars to Bill Gates’ vaccine initiatives, George Soros’ regime-change projects, and the WEF’s globalist agenda.
• The agency’s shutdown is a reckoning for a system that has prioritized globalist goals over American interests.
• American taxpayers have been left footing the bill for these elite schemes, with little to no transparency or accountability.
• Bill Gates and George Soros should have their ill-gotten gains confiscated and returned to the people.
The Bill Gates connection
For over two decades, Bill Gates has been one of the primary beneficiaries of USAID’s fraudulent network of money laundering. Since 2000, the agency has poured billions into Gates’ GAVI Alliance, a vaccine initiative that has seen the Microsoft co-founder expand his influence over global health policy, which has been a disaster.
In 2020 alone, USAID committed 1.16 billion to GAVI, with recent pledges topping 1.58 billion over the next five years. By 2024, GAVI had received an estimated $4 billion from USAID, according to the Association of American Physicians & Surgeons. This funding has allowed Gates to build a sprawling global health empire, consolidating power over vaccine distribution and setting the stage for his own political ambitions. When coddled on The View, Gates played the victim and said his programs save millions of lives. The American people have been left to wonder: why is our money bankrolling Gates’ personal empire, and feeding into his lies?
The George Soros network
George Soros has long been a key player in USAID’s shadow network, leveraging the agency to advance his controversial globalist agenda. As far back as 1993, USAID partnered with Soros’ Management Training Program to train professionals in Eastern Europe, a region that would later see Soros-backed “color revolutions” funded in part by USAID. In Ukraine, the agency poured millions into “democracy programs” that aligned with Soros’ efforts to destabilize the region. By the 2010s, Soros’ Open Society Foundations (OSF) had emerged as a central player in USAID’s operations, with the agency funneling millions into OSF projects in Guatemala, Albania, and beyond. As Judicial Watch revealed in 2018, USAID even financed Soros-linked activists in Albania, allocating $9 million to a campaign run by Soros’ East West Management Institute. These actions reveal a disturbing pattern: American taxpayer dollars are being used to bankroll Soros’ radical, regime-changing efforts worldwide.
The World Economic Forum
USAID’s ties to the World Economic Forum (WEF) represent another layer of this globalist conspiracy. For nearly a decade, the agency has invested millions in WEF initiatives, including a multi-year agreement worth approximately $26 million. The WEF’s vision of a “reset” global order—where citizens “own nothing” and the United States cedes its superpower status—has been a central theme of its work. In January 2024, House Republicans took a stand against this dystopian agenda with the introduction of the ‘Defund Davos Act,’ which sought to block federal funding to the WEF.
Representative Scott Perry (R-PA) forcefully condemned the use of taxpayer money to finance the WEF’s “insular, global elitist” gatherings. “Forcing American Taxpayers to fund annual ski trips for insular, global elitists is absurd – not to mention reprehensible,” Perry said. The WEF’s ties to USAID showcase a dangerous trend: American taxpayers are footing the bill for a vision of the world that prioritizes globalist agendas over national sovereignty.
The USAID shutdown and the road ahead
The shutdown of USAID is a crucial step toward reclaiming control of taxpayer dollars and dismantling the globalist empire built on American largesse. As White House press secretary Karoline Leavitt recently remarked, “I don’t know about you, but as an American taxpayer, I don’t want my dollars going towards this crap.”
DR PAUL ALEXANDER
MARK CRISPIN MILLLER
The Democrats have made it very clear that (a) RFK, Jr. is the best choice to run HHS, and that (b) they’re too corrupt–and sick—to serve as senators
No matter whether RFK survives the floor vote in the Senate, his hearings last week showed us all too clearly that the Democrats aren’t well enough to deal with America’s grave healthcare crisis
| Mark Crispin MillerFeb 12∙Preview |
I’ve watched a lot of Senate confirmation hearings in my time, some of them quite painful; but I’ve never seen one as embarrassing as those held last week by the Finance and Health Committees on confirming RFK, Jr. as the head of HHS. What made it embarrassing was not RFK’s performance. Though he could have shown a firmer grasp of certain issues (Medicare and Medicaid most notably), he was, as ever, a model of civility in dealing with attacks (although some clearly got to him), and showed—or would have shown, if his inquisitors did not keep interrupting him—his usual lucidity and expertise concerning chronic illness in America, Big Pharma’s catastrophic influence, the downside of agribusiness, and other aspects of the crisis that has wracked this country (and most others) for some time, but especially since “the coronavirus” was deployed to trash the world and curb our freedoms—a project that the Democrats (and some Republicans) have supported with ferocious zeal, and one that RFK is uniquely qualified to halt, and see to it that no such insane assault on science and democracy may ever menace us again.
Given their deep investment—financial, political, psychological, emotional—in the status quo. and RFK’s nuanced understanding of the crisis, and his outstanding skill at litigation for the benefit of all, the Democrats’ overt—or, one might say, unmasked—hostility to Kennedy, their fawning reverence for “health” agencies and all quisling doctors, and the ready use of outright lies to discredit him, were, though shocking, no surprise. After all, those hearings, though far grander and more consequential, than, say, a family argument, or a back-and-forth on “social media,” were only an elaborate public version of the futile clash that rages every minute nationwide between Covidians and “skeptics” (or, as many like to call them, “conspiracy theorists”), the latter trying their best, through scientific evidence and common sense, to snap the former out of their hypnotic trance, and mostly failing, the former having been too traumatized and disinformed to doubt the propaganda—or think for themselves (or, others might say, think at all).
Thus those “hearings” were not really hearings (any more than the “vaccines” are actually vaccines, or “the pandemic” really a pandemic), since no Democrat interrogating RFK could hear a word he said, their ears hermetically cemented by the poisonous malarkey propagated by the government-and-media at every level. Although he knew so much more than they did about the subjects they brought up—or because he was so well-informed—they didn’t question him in expectation of an answer, but just to catch him out, in order to portray him (or, some might say, smear him) as a crackpot ambulance chaser, his motives not humanitarian but mercenary, and even homicidal—since, as we all know, the surest way for any charlatan to make a buck these days is to contradict the groupthink dictated by such thrifty do-gooders as Dr. Fauci and Bill Gates. Worse still, RFK hopes to cash in at HHS by purposely depriving We the People—especially the children—of all those miraculous “life-saving vaccines,” by suing the drug companies that “peddle” them (to use the verb much favored by the Democrats in their harangues again the nominee).
Those who have followed RFK’s career (and those fewer who personally know him) are probably as staggered as I am by the radical discrepancy between the dedicated activist—winning litigator for the public good, savior of our natural world (he spearheaded the cleanup of the filthy Hudson River), and busy author of many solid books, including American Values (a must-read for anyone interested in JFK’s legacy) and his indispensable biography of Dr. Fauci—and the avaricious fiend intent on making good by doing bad.
SLAY NEWS
| Top Cardiologist Raises Alarm over Excess Deaths of ‘Healthy’ Young AdultsOne of the world’s most highly respected cardiologists has just issued a chilling warning as excess deaths among “healthy” young adults continue to skyrocket.READ MOREBill Gates Confronted by Protesters, Accused of ‘Fueling Climate Emergency’ with ‘Private Jets’Microsoft co-founder Bill Gates was humiliated while giving a talk at George Washington University when he was interrupted and confronted by an aggressive group of climate protesters.READ MOREDOJ Warns Judge’s Order to Block Trump’s DOGE Is ‘Anti-Constitutional’President Donald Trump’s Department of Justice (DOJ) has pushed to undo an “anti-constitutional” ruling from an Obama-appointed federal judge.READ MOREUSAID Whistleblower Says Employees Are ‘Psychologically Frightened’ About What Elon Musk’s DOGE Will ExposeA whistleblower from the U.S. Agency for International Development (USAID) has revealed that their fellow employees are in a state of panic over the investigations led by Elon Musk and his Department of Government Efficiency (DOGE).READ MORENYC Councilwoman Quits Women’s Caucus over ‘Woke’ Politics, Anti-Israel StanceAn influential New York City councilwoman has shaken NYC politics by quitting the women’s caucus and blasting the group for shifting to the radical Left.READ MORETrump on Track to Arrest 1 Million Illegal Aliens During 2nd TermPresident Donald Trump is on track to arrest a staggering 1 million illegal aliens by the end of his second term in the White House.READ MOREDisney Star Christy Carlson Romano Shot in Face at Husband’s Birthday PartyActress Christy Carlson Romano was rushed to the hospital after a tragic accident during a clay pigeon shooting event at her husband’s birthday party.READ MORECNN Widely Mocked Over Humiliating On-Air Obama GaffeCNN had become the target of widespread mockery on social media after the network confused former President Barack Obama with 9/11 mastermind Osama bin Laden during a humiliating on-air gaffe.READ MORESuper Bowl Crowd Goes Wild for Trump, Boos Taylor Swift: ‘The World Is Healing!’President Donald Trump received massive cheers from the crowd at the Super Bowl while pop star-come-Democrat operative Taylor Swift was loudly booed.READ MORE |
NEWS ADDICTS
| LATEST NEWSBill Gates Caught Funding Experiments to Make Bird Flu Spread to HumansMicrosoft founder Bill Gates has been secretly funding experiments that seek to modify H1N1 bird flu to jump to humans and spread rapidly through global populations.READ MORETwo jets have collided at Scottsdale Airport in ArizonaA private jet veered off the runway and collided with another aircraft on Monday at Scottsdale Airport in Arizona, according to the Federal Aviation Administration (FAA). The FAA released a statement later in the afternoon, confirming that a Learjet 35A lost control after landing and crashed into a parked Gulfstream 200 business jet around 2:45 p.m. local time. Officials have …READ MORETrump grants former Illinois governor Rod Blagojevich a unconditional pardonOn Monday, President Donald Trump issued a full and unconditional pardon to former Illinois Governor Rod Blagojevich. Trump had previously commuted Blagojevich’s 14-year prison sentence during his first term in office, and this latest move fully clears his record. “He was set up by a lot of bad people,” Trump said from the Oval Office as he signed the pardon. …READ MOREJudge blocks transfer of worst illegal criminals to Guantanamo BayOn Sunday, a federal judge blocked the Trump administration from transferring three Venezuelan men, who were being held in New Mexico, to Guantanamo Bay. The move was part of the administration’s broader efforts to remove illegal immigrants from the United States. The three men had been suspected of having ties to the criminal organization Tren de Aragua, though their lawyers …READ MOREElon Musk-led investors offer $97 billion to control OpenAIA group led by Elon Musk has moved to reclaim OpenAI, with his attorney Marc Toberoff confirming on Monday that a bid has been submitted to the company’s board of directors. The offer, which was unsolicited, could interfere with CEO Sam Altman’s current plans to transition OpenAI into a for-profit company. Altman has been working on securing a massive $500 … |
———- Forwarded message ———
From: Slay News <mail@slaynews.com>
Date: Mon, Feb 10, 2025 at 15:25
Subject: 
Top Cardiologist Raises Alarm over Excess Deaths of ‘Healthy’ Young Adults
To: Milan Sabioncello <sabioncello@gmail.com>
| The latest reports from Slay NewsTop Cardiologist Raises Alarm over Excess Deaths of ‘Healthy’ Young AdultsOne of the world’s most highly respected cardiologists has just issued a chilling warning as excess deaths among “healthy” young adults continue to skyrocket.READ MOREBill Gates Confronted by Protesters, Accused of ‘Fueling Climate Emergency’ with ‘Private Jets’Microsoft co-founder Bill Gates was humiliated while giving a talk at George Washington University when he was interrupted and confronted by an aggressive group of climate protesters.READ MOREDOJ Warns Judge’s Order to Block Trump’s DOGE Is ‘Anti-Constitutional’President Donald Trump’s Department of Justice (DOJ) has pushed to undo an “anti-constitutional” ruling from an Obama-appointed federal judge.READ MOREUSAID Whistleblower Says Employees Are ‘Psychologically Frightened’ About What Elon Musk’s DOGE Will ExposeA whistleblower from the U.S. Agency for International Development (USAID) has revealed that their fellow employees are in a state of panic over the investigations led by Elon Musk and his Department of Government Efficiency (DOGE).READ MORENYC Councilwoman Quits Women’s Caucus over ‘Woke’ Politics, Anti-Israel StanceAn influential New York City councilwoman has shaken NYC politics by quitting the women’s caucus and blasting the group for shifting to the radical Left.READ MORETrump on Track to Arrest 1 Million Illegal Aliens During 2nd TermPresident Donald Trump is on track to arrest a staggering 1 million illegal aliens by the end of his second term in the White House.READ MOREDisney Star Christy Carlson Romano Shot in Face at Husband’s Birthday PartyActress Christy Carlson Romano was rushed to the hospital after a tragic accident during a clay pigeon shooting event at her husband’s birthday party.READ MORECNN Widely Mocked Over Humiliating On-Air Obama GaffeCNN had become the target of widespread mockery on social media after the network confused former President Barack Obama with 9/11 mastermind Osama bin Laden during a humiliating on-air gaffe.READ MORESuper Bowl Crowd Goes Wild for Trump, Boos Taylor Swift: ‘The World Is Healing!’President Donald Trump received massive cheers from the crowd at the Super Bowl while pop star-come-Democrat operative Taylor Swift was loudly booed.READ MORE |
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WH’s Karoline Leavitt reveals more huge wins by President Trump in MAGA MinuteWhite House Press Secretary Karoline Leavitt has just released a new MAGA Minute revealing the huge wins delivered by President Trump in the last week. Leavitt summarizes the following: Illegal alien encounters down 87% Sovereign wealth fund plan announced Allies step up after tariffs EO banning men in women’s sports Army recruitment hits 15-year high Watch below:READ THE FULL REPORT |
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| Trump Strikes Back Against Court That Blocked DOGE from Scrutinizing Treasury DepartmentPresident Donald Trump is challenging a federal court ruling barring members of the Department of Government Efficiency (DOGE) from accessing the Treasury Department’s payment and data systems.This development comes after U.S. District Judge Paul A. Engelmayer slapped a preliminary injunction on the Trump administration after 19 Democratic attorneys general filed a lawsuit against the president.The Trump administration made a filing … |
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SOUTH AFRICA/USA
Trump on the war on this reverse apartheid
(Korybko)
Trump’s Pressure Campaign Against South Africa Is About More Than Just The Boers
by Tyler Durden
Wednesday, Feb 12, 2025 – 02:00 AM
Authored by Andrew Korybko via substack,
Trump signed an Executive Order late last week “Addressing Egregious Actions Of The Republic Of South Africa” that mandated cutting off aid to the country as punishment for its new contentious Expropriation Act and promoting the resettlement of the white minority (Afrikaners) to the US.
Supporters applauded him for giving attention to what they consider to be the long-ignored issue of black-on-white racially discriminatory policies while opponents believe that it’s a racist move promulgated on false pretexts.
Before proceeding, readers might want to review some of RT’s reports about the Afrikaner farmer (Boer) issue, South Africa’s ruling African National Congress (ANC), and the country’s economic challenges:
* 19 March 2009: “The Boer War and the Russo-Japanese War”
* 25 October 2013: “S. Africa evacuation plan: White Afrikaner group fears genocide upon Mandela’s death”
* 1 May 2018: “Why South Africa’s govt plans to strip land from white farmers”
* 15 June 2018: “Calls to ‘kill the Boer’ make all farmers targets, not just whites – South African official”
* 9 July 2018: “‘A matter of life & death’: 15,000 white South African farmers seek refuge in Russia, report says”
* 19 July 2018: “‘They want us all to leave’: South African farmer wants to move to Russia, change name to Ivan”
20 July 2018: “First 50 families of farmers from South Africa may soon resettle in Russia”
* 4 August 2018: “South African farmers seek refuge in Russia’s Crimea”
* 28 February 2019: “South Africa’s ANC needs just 5 years ‘to destroy the economy & the country,’ economist warns”
* 17 April 2019: “South Africa’s economic & social decline the worst of nations not at war”
* 18 April 2019: “‘Don’t ever vote for white person’: South African ANC leader’s race-based call discussed on RT”
* 11 May 2019: “As it re-elects hopeless ANC again, do we finally admit that post-apartheid South Africa has failed?”
* 4 April 2020: “‘White monopoly capital’: Anti-white South African radicals scorn massive donations that could help black businesses”
* 16 October 2020: “White farmer’s brutal murder sends protesters & counter-protesters to rally outside courthouse in South Africa”
To oversimplify, the brutal murder of some Boers on their farms led to some Afrikaners suspecting that the ANC turns a blind eye to this and even encourages it, while the ANC believes that the Afrikaners’ outsized control over national wealth is an injustice that must be rectified via redistribution. The Expropriation Act’s recent passing came amidst the country’s continued economic challenges, ergo why some of the Afrikaners consider it a distraction while the ANC insists that it’s a long-overdue solution.
Regardless of one’s personal views on this subject, it’s arguably the case that this is just a pretext for Trump to pressure South Africa for reasons beyond those stated in his Executive Order. While some speculate that his motives are as crude as a favor to South African-born Elon Musk amidst his public feud with President Cyril Ramaphosa over this issue and/or revenge for South Africa’s ICJ ruling against Israel, and these could have indeed played a role, his team might have broader strategic interests in mind.
ANC-led South Africa has presented itself as a rising multipolar pole in Africa amidst the global systemic transition, to which end it’s sought to increase its role in BRICS alongside participating in multilateral naval drills with China and Russia, thus reinforcing the aforesaid international reputation. The US disapproved of South Africa flexing its sovereignty in such a symbolic way, especially given the ongoing NATO-Russian proxy war in Ukraine, hence why the Biden Administration began pressuring it.
Here are some background briefings about their campaign against it over the past few years:
* 3 September 2022: “South Africa Deserves Praise For Its Neutral Foreign Policy In The New Cold War”
* 11 December 2022: “Germany’s Double Standards On South African Coal Expose Its ‘Green Imperialism’”
* 18 February 2023: “South Africa’s naval drills with China and Russia set a positive example”
* 26 April 2023: “South Africa’s Neutrality In The New Cold War Is Under Threat From Western Pressure”
* 12 May 2023: “The US Is Forcing South Africa To Take Sides In The New Cold War”
* 17 May 2023: “South Africa Is Presenting Itself As The Continent’s Leader”
* 14 July 2023: “South Africa’s Deputy President Spilled The Beans About His Country’s BRICS-ICC Dilemma”
* 19 July 2023: “South Africa Showed That BRICS Isn’t What Many Of Its Supporters Assumed”
* 20 July 2023: “South Africa Bungled The Optics Of Its BRICS Compromise With Russia”
* 3 September 2024: “Mongolia’s Embrace Of Putin Despite His ICC Warrant Exposes South Africa’s Political Cowardice”
This is the basis upon which Trump is now waging his own pressure campaign against South Africa.
His predecessor succeeded in coercing South Africa into complying with the ICC’s arrest warrant for Putin and therefore forcing him to participate in that year’s BRICS Summit by video instead. For as symbolic of a concession that that was to the US, it didn’t change anything tangible with regard to South Africa’s foreign policy, which is what Trump is aiming to do. His team might have identified South Africa as one of the weak links in BRICS and correspondingly concluded that a pressure campaign could break it.
It’s debatable whether Trump truly believes that BRICS is conspiring to create a new currency or backing the yuan as a rival to the dollar, or if this is just a pretext for him to individually pressure its members, but his recently repeated threat to impose 100% tariffs against them preceded his Executive Order. Therefore, the possibility exists that cutting off aid to South Africa in response to its Expropriation Act is just an excuse to coerce it into tangible foreign policy changes, most immediately with regard to BRICS.
In practice, this could hypothetically take the form of South Africa obstructing progress on the BRICS Bridge, BRICS Clear, and BRICS Pay initiatives that were discussed during last October’s Kazan Summit. It might also lead to South Africa militarily distancing itself from Russia and especially China together with exporting more precious minerals to the US in the long term in exchange for pressure relief. To be clear, just because Trump might want this doesn’t mean that it’ll happen, but it should still be taken seriously.
The relevance that all of this has to the Expropriation Act is that the aforesaid represents both a populist distraction from South Africa’s continued economic challenges as well as a potential solution from the ANC’s perspective despite some warning that it risks leading to a Zimbabwean-like disaster. In the far-fetched scenario that the same lawmakers who voted for this act are coerced by the US into voting to rescind it, then this would deal a deathblow to the ANC, which might then be replaced by the EFF.
The Economic Freedom Fighters are led by radical leftist-populist Julius Malema, who’s infamous for leading chants of “Kill the Boer”, which he and his supporters claim is just metaphorical and not literal. He fashions himself as a revolutionary that’s been very outspoken against the US and in favor of multipolarity. More South Africans might flock to Malema and his EFF for patriotic-nationalist reasons if Ramaphosa and his ANC ultimately capitulate to what he just described as Trump’s “bullying”.
In order to preemptively avoid any misunderstanding, talking about this scenario doesn’t mean that it’s likely, only that it’s possible and should thus be considered just in case. Ramaphosa knows that he and his party would be doomed if they give in to Trump so they’re not expected to budge, at least for now, unless the US drastically ramps up its pressure campaign. Even then, however, they might try to co-opt Malema’s leftist-populist and nationalist rhetoric in order to rally the population at large behind them.
Observers should also be aware that new Secretary of State Marco Rubio declared late last week that he won’t attend this November’s G20 Summit in Johannesburg in protest of the Expropriation Act and what he said are South Africa’s other “anti-American” policies. Knowing that this act likely won’t be rescinded, it could very well be that Trump’s team planned to exploit this pretext for the purpose of weakening the world’s most influential economic-financial multilateral platform by boycotting its annual event.
He’s already taken a wrecking ball to economic globalization in recent weeks by threatening tariffs against Colombia, Panama, Canada, and Mexico before they gave in to his pressure, all while imposing 10% tariffs on China and threatening to do something similar against the EU too. If this trend continues, then the G20 might no longer wield anywhere near the influence that it did just one year ago, thus dooming November’s summit to failure regardless of whether or not the US ends up attending.
It’s South Africa’s bad fortune that it was already in the US’ crosshairs during the Biden Administration for its multipolar foreign policy, that there’s genuine concern about the treatment of some of its white minority, and its plans to host the next G20 Summit later this year. These factors converged to incentivize Trump into launching a pressure campaign against it in order to coerce tangible changes to its foreign policy, particularly vis-à-vis BRICS, so as to fully subordinate South Africa it to the West.
The ANC’s long track record of political mistakes and policy failures is finally catching up to it precisely at the moment when the party finally started prioritizing South Africa’s participation in global processes, thus creating the pretext for the US to meddle in this BRICS member’s affairs. The outcome of Trump’s pressure campaign against it will indicate he continues picking off this group’s countries one-by-one or decides to reconsider this strategy, therefore making it immensely important.
END
CANADA
WHAT TOOK THEM SO LONG?
Busted Fentanyl Super Lab In Canada Makes “Breaking Bad Look Minor League”: Former Trump Official
Tuesday, Feb 11, 2025 – 11:00 PM
Canada’s last-minute decision to cooperate with President Trump on border security and efforts to curb fentanyl trafficking was a key factor behind the president’s 25% tariff threat. While Prime Minister Justin Trudeau has pledged to strengthen border security, a former US official who led an anti-fentanyl task force under President Trump’s first term has argued that laws in Canada hinder a proper crackdown on the flow of drugs in the US.
“Well, several months ago, you had the biggest lab in the history of the world taken over by (Royal Canadian Mounted Police) in Vancouver… It made Breaking Bad look like minor league,” former State Department official David Asher told Canada’s state-funded CBC News’ chief political correspondent, Rosemary Barton, in an interview last weekend.
Asher claimed that the fentanyl super lab was “definitely” connected to Chinese organized crime and also pointed to possible connections with Iran and even rogue biker gangs.
“Definitely there was ties to Chinese organized crime, possibly Iran as well,” he said, adding, “The facts haven’t been released by your government…I think they know they’re sitting on a big scandal here.”
Asher continued, “The fact this thing emerged and it’s tied to these biker gangs, who’ve been hired to go down to the United States, in some cases, and assassinate people like my former boss Secretary (of State) Mike Pompeo, President Trump, and others. You know, this is another whole level of scandal.”
.com/cbcwatcher/status/1888666388463833432
“But the key thing to focus on is that someone was making over 100 million doses of deadly fentanyl – right under your noses – so how many other labs do you think you have in your country?” the former State Department official questioned.
He explained that Canada has “very little border enforcement … most of the drugs are going from Mexico to Canada and then being brought south into the northwest United States on ships. You have almost no port enforcement with police. So we have no idea – except for our sources – what is actually going on. And we hear some bad things.”
Asher stated that the Royal Canadian Mounted Police and Canadian Security Intelligence Service are top-notch organizations, “but your problem is your laws: It’s the Stinchcombe law. Basically, every time we try to go up on a phone number in Canada, almost all the money laundering networks are tied to China, which is about 90% of all the money laundering in the US. So when we’re targeting those numbers – the police have to inform that individual that the US is targeting their number. That’s crazy – how can we run an undercover police operation in the country?”
Latest headlines on the US-Canada border situation:
- Trudeau Bends The Knee: Canada Will Send 10,000 Troops To Border, Name Fentanyl Czar To Delay Trump Tariffs
- Trump Effect: Canada Bends The Knee, Puts $1.3 Billion Into Border Security After Tariff Threat
- US & Canada Unveil Possible Blueprint For Post-Tariff Partnership To ‘Disrupt & Dismantle’ CCP-Fueled Fentanyl Crisis
Let’s rewind to April 2024, when we covered the House Select Committee on China that revealed the Chinese Communist Party used tax rebates to subsidize the manufacturing and exporting of fentanyl chemicals to North America.
The report stated, “Through subsidies, grants, and other incentives, the PRC harms Americans while enriching PRC companies.”
Recall this report in August: Chinese Narcos In Toronto Run “Command & Control” Fentanyl Laundering Network Used In TD Bank Case: US Investigator.
China hawk Kyle Bass.
Meanwhile, on the southern border…
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: 1.0365 UP 2 BASIS PTS
USA/ YEN 153.57 UP 0.602 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 1.2447 DOWN 0.0005 OR 5 PTS
USA/CAN DOLLAR: 1.4295 UP 0.0004 (CDN DOLLAR DOWN 4 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 28.68 PTS OR 0.86%
Hang Seng CLOSED UP 535.33 PTS OR 2.51%
AUSTRALIA CLOSED DOWN 0.55%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 241.92535.33 PTS OR 2,51%
/SHANGHAI CLOSED UP 28,68 PTS OR 0.88%
AUSTRALIA BOURSE CLOSED DOWN 0.55%
(Nikkei (Japan) CLOSED UP 162.53 PTS OR 0.42%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2894,00
silver:$31.88
USA dollar index early MONDAY morning: 107.83 UP 5 BASIS POINTS FROM FRISDAY’s CLOSE.
TUESDAY MORNING NUMBERS ENDS
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And now your closing TUESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.998% UP 10 in basis point(s) yield
JAPANESE BOND YIELD: +1.336% up 4AND 2 10 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.148 UP 11 in basis points yield
ITALIAN 10 YR BOND YIELD 3.565 UP 11 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4800UP 10 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0345 UP .0018 OR 18 basis points
USA/Japan: 154.49 UP 1.687 OR YEN IS DOWN 169 BASIS PTS//
Great Britain 10 YR RATE 4.6210 UP 10 BASIS POINTS //
Canadian dollar DOWN .0039 OR 39 BASIS pts to 1.4325
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The USA/Yuan, CNY ON SHORE CLOSED DOWN AT 7.3100 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.3190)
TURKISH LIRA: 36.11 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.337
Your closing 10 yr US bond yield UP 12 in basis points from THURSDAY at 4.652% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.853 UP 10 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.359 UP 10 BASIS PTS.
GOLD AT 11;00 AM 2889.40
SILVER AT 11;00: 32.00
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: TUESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 30.05 pts or 0.34%
German Dax : UP 115.42 pts or 0.53%
Paris CAC CLOSED DOWN 110,20 pts or 0.50%
Spain IBEX CLOSED UP 136.70 PTS OR 1.07%
Italian MIB: CLOSED DOWN 50.86 PTS OR 0.54%
WTI Oil price 72.22 11 EST/
Brent Oil: 75.9211:00 EST
USA /RUSSIAN ROUBLE /// AT: 93.85 ROUBLE UP 1 AND 85/100
GERMAN 10 YR BOND YIELD; +2.4800 UP 10 BASIS PTS.
UK 10 YR YIELD: 4.6250 UP 10 BASIS POINTS
CDN 10 YEAR RATE: 3.2013UP 13 BASIS PTS.
CDN 5 YEAR RATE: 2.875 UP 13 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0394 DOWN 0.0032 OR 32BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2451 DOWN .0006 OR 6 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.5400 UP 8 BASIS PTS//
JAPAN 10 YR YIELD: 1.337 UP 4and 2/100 BASIS BASIS PTS.
USA dollar vs Japanese Yen: 154.37 UP 1.61 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4282 DOWN .0005 BASIS PTS CDN DOLLAR UP 5 BASIS PTS
West Texas intermediate oil: 71.34
Brent OIL: 75.07
USA 10 yr bond yield UP 10 BASIS pts to 4.638
USA 30 yr bond yield UP 9 BASIS PTS to 4.836%
USA 2 YR BOND: UP 87PTS AT 4.363
CDN 10 YR RATE 3.210 UP 11 BASIS PTS
CDN 5 YEAR RATE: 2.885UP 10BASIS PTS
USA dollar index: 107,81 DOWN 2 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 36.10 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 93,99 UP 4 AND 00/100 roubles
GOLD 2,900,75(3:30 PM)
SILVER: 32,22(3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: DOWN 225.09 PTS OR 0.50%
NASDAQ 100 UP 25.76PTS OR 0.12%
VOLATILITY INDEX: 15,,95 DOWN 0.707PTS OR 0.46%
GLD: $ 267.67 OR UP 0.428PTS OR 0.10%
SLV/ $29.34 PTS OR UP 0.34 OR 1.17%
TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 68.72PTS OR 0.27%
end
TRADING today ZEROHEDGE/
end
ZEROHEDGE/HEADLINE CLOSING MARKETS
Surging CPI Slams Stocks & Bonds As Rate-Cut Hopes Evaporate, Gold & Bitcoin Bounce Back
‘
END
USA DATA
“Biden Inflation Up!” – Stocks Slump With Rate-Cut Hopes As CPI Soars In January
Wednesday, Feb 12, 2025 – 08:40 AM
Tl;dr: Headline CPI accelerated for the 7th straight month as the Biden admin BLS is gone but the surge in money-supply they left behind is still in play:
CPI Highlights:
- The index for shelter rose 0.4 percent in January, accounting for nearly 30 percent of the monthly all items increase.
- The energy index rose 1.1 percent over the month, as the gasoline index increased 1.8 percent.
- The index for food also increased in January, rising 0.4 percent as the index for food at home rose 0.5 percent and the index for food away from home increased 0.2 percent.
- The food at home index rose 0.5 percent over the month. The index for meats, poultry, fish, and eggs rose 1.9 percent over the month, as the index for eggs increased 15.2 percent. This was the largest increase in the eggs index since June 2015 and it accounted for about two thirds of the total monthly food at home increase
- The food away from home index rose 0.2 percent in January. The index for limited service meals rose 0.3 percent over the month and the index for full service meals rose 0.1 percent
- The index for nonalcoholic beverages increased 2.2 percent over the same period, while the index for other food at home rose 0.8 percent and the index for dairy and related products increased 1.2 percent
- The energy index increased 1.1 percent in January. The gasoline index increased 1.8 percent over the month.
- The index for natural gas rose 1.8 percent over the month while the index for electricity was unchanged in January
Core CPI Details:
- Indexes that increased over the month include motor vehicle insurance, recreation, used cars and trucks, medical care, communication, and airline fares. The indexes for apparel, personal care, and household furnishings and operations were among the few major indexes that decreased in January.
- The shelter index increased 0.4 percent over the month.
- The index for owners’ equivalent rent rose 0.3 percent in January, as did the index for rent.
- The lodging away from home index increased 1.4 percent in January.
- The medical care index increased 0.2 percent over the month. The index for prescription drugs increased 2.5 percent in January and the index for hospital services rose 0.9 percent over the month.
- The physicians’ services index increased 0.1 percent in January.
- The motor vehicle insurance index rose 2.0 percent in January.
- The index for recreation rose 1.0 percent over the month and the index for used cars and trucks increased 2.2 percent.
- Other indexes that increased in January include communication, airline fares, and education.
- In contrast, the index for apparel fell 1.4 percent in January.
- The indexes for personal care and household furnishings and operations also declined over the month. The new vehicles index was unchanged in January.
President Trump clarifies who is to blame for this…
The other partner in crime is also obvious… Fed Chair Powell and his pals pumping markets in desperation into the election…
Repeating the mistakes of the past…
* * *
As we highlighted in our preview, the CPI matters a lot, again!
After last month’s CPI report came in cooler than expected, with Core CPI missing expectations both sequentially and YoY, analysts expect core to accelerate sequentially, but bear in mind we have the annual revisions malarkey to wade through first, so who knows what the ‘expectation’ will be comparable to.
Seasonality screams big beat today, as Deutsche Bank’s Jim Reid points out, surprises to CPI over the last 25-plus years have been more likely to be biased to the upside in H1 than in H2. January’s release (which we will see today) has seen the largest number of beats (50%) and the lowest number of downside misses (15%).
And sure enough, both headline and core CPI rose more than expected in January. Headline CPI jumped 0.5% MoM (+0.3% exp) dragging the price series up 3.0% YoY (+2.9% exp). That is the seventh straight month of accelerating MoM CPI prints…
Source: Bloomberg
Core Services costs are accelerating rapidly…
Source: Bloomberg
Core CPI – more watched – jumped 0.4% MoM (more than the 0.3% rise expected) and that dragged core consumer prices up 3.3% YoY (3.2% exp)…
Source: Bloomberg
Core Goods prices have shifted away from YoY deflation…
Source: Bloomberg
The so-called ‘SuperCore CPI’ exploded 0.7% MoM higher in January, leaving the YoY rise in prices ‘sticky’ above 4%…
Source: Bloomberg
Transportation Services costs soared…
Source: Bloomberg
Shelter inflation has flatlined, rising in Jan to 5.06% YoY from 4.99% in Dec, while rent inflation continues to drop, now at 4.60% from 4.72% in Dec, and the lowest since March 2022
Breakfast just got a lot more expensive…
And before everyone blames Trump, this was baked in the cake from the last year of money supply pumping by Bidenomics…
Source: Bloomberg
Finally, what will stocks do with this new information?
It’s certainly been a wild ride on Payrolls and CPI days, but as Goldman’s Lee Coppersmith notes, a hit CPI liked this suggests considerable downside for the S&P today…
And in the pre-market, futures are heading that way…
Perhaps more notably, the market is now pricing in just one rate cut this year (pushing expectations from Sept to Dec)…
…but is it different this time under Trump?
END
THE RESULTANT ACTION
“These Numbers Are Uncomfortable For The Fed”: Wall Street Reacts To Today’s Red Hot CPI
Wednesday, Feb 12, 2025 – 10:45 AM
Ahead of today’s shockingly hot CPI report we warned that today’s CPI report would be, well, shockingly hot…
… and not just because the trends in most of the components hinted it… not just because this was the Biden admin’s farewell report, one in which the previous administration would kitchen sink all the “real” data to make up for years of fabricating numbers, just as Trump correctly responded…
… and certainly not just because of the well-known seasonal bias – which we noted in our preview last night – to make first half inflation numbers in general, and January in particular especially hot, as shown by Jim Reid. As the DB strategist notes, surprises to CPI over the last 25-plus years have been more likely to be biased to the upside in H1 than in H2. January’s release has seen the largest number of beats (50%) and the lowest number of downside misses (15%).
No, all of the above were certainly arguments behind our correct conclusion that today’s CPI would come in red hot, but the clearest reason why inflation surprised to the upside is the Fed’s now openly political bias, which culminated with a 50bps jumbo rate cut in September only to make the Kamala Harris/Biden campaign easier. We all know what happened next, and in case we don’t, here it is again.
And while very few others were accurate in their preview of today’s CPI number, all of them had an opinion about it after the fact (of course). So, as we do every month, below please find several excerpts of what Wall Street strategists and analysts think of today’s CPI print (and why it is so different from what they thought about it before). .
David Kelly, chief global strategist at JPMorgan Asset Management:
There is nothing in this report that suggests the Fed should lower interest rates.
Steven Ricchiuto, chief economist of Mizuho Securities USA
The rise in consumer prices was broad-based with both goods and services leading the way higher. Headline and core CPI both came in hot confirming that the disinflation the Fed has been counting on has stalled, suggesting the Fed has probably lost its opportunity to cut rates further.
Ryan Sweet, chief US economist at Oxford Economics
We don’t want to chalk all the upside surprise to residual seasonality, but shifting through the details, it seems eerily similar to early 2024 when inflation came in hotter than expected. Keep in mind that the additional tariffs on China along with the slew of tariffs threatened on other countries have yet to make their way into the inflation data.
Seema Shah, chief global strategist at Principal Asset Management
These numbers are uncomfortable for the Fed. Seasonality and one-off factors may have played some role in the upside surprise, but the combination of average earnings growth surprising to the upside last week, the supercore services inflation number moving sharply higher today, and the government’s policy agenda threatening to raise inflation expectations, is almost too convincing to dismiss. If this persists into the next few months, inflation risks may become too heavily weighted to the upside to permit the Fed to cut rates at all this year.
Scott Helfstein, Global X’s head of investment strategy,
A tough inflation report to get while the White House is looking at further tariffs with consumer inflation expectations jumping higher.
Omair Sharif, founder of Inflation Insights
The price of used cars spiked due to a large adjustment to the seasonal factor, which leans against a price breakout in this sector.
Ian Lyngen, chief rates strategist at BMO Capital Markets
This is unhelpful timing right before the 10-year Treasury note auction. The government will be selling $42 billion of those securities today as part of its so-called quarterly refunding. Tomorrow brings a $25 billion 30-year bond sale. The higher yields today just add to the Treasury’s interest costs…for decades to come
III USA ECONOMIC NEWS
Tulsi Confirmed As DNI, With Glitchin’ Mitch As Lone Republican ‘No’ Vote
Wednesday, Feb 12, 2025 – 12:13 PM
In what is hands-down the most surprising, and welcome, development concerning a Trump pick for a national security top post, Tulsi Gabbard has been confirmed as New Director of National Intelligence. It was narrow, and predictably along parisan lines…
Mitch McConnell was the lone Republican no vote… in a post-vote statement he claimed that Gabbard is “tainted”.
“Tulsi Gabbard failed to demonstrate that she is prepared to assume this tremendous national trust. The nation should not have to worry that the intelligence assessments the President receives are tainted by a DNI with a history of alarming lapses in judgment,” he said, citing her refusal to condemn Edward Snowden, and her stance on the Russia-Ukraine war.
She’s been subject to years of media attacks branding her a ‘Kremlin agent’ and ‘Assadist’ etc… For example, right up through the vote The New York Times was running its smear campaign in the following:
Gabbard is a lieutenant colonel in the Army Reserve and a former Democratic congresswoman from Hawaii. She has taken a sympathetic stance toward Russia and Syria under the Assad family’s rule.
And she has defended Edward Snowden, an intelligence contractor who released classified information in 2013. These positions, at odds with the foreign policy establishment in both parties, have made her one of President Trump’s most divisive cabinet nominees.
But she’s long risen to popularity among military members and veterans especially, given her no compromise approach to blasting America’s regime change wars abroad in the wake of Bush’s Iraq war, taking neocons and liberal interventions alike to task.
It’s a new day in the world of the deep state intelligence blob in Washington, and without doubt the old powers that be are nervous, or else running scared. But time will tell.
Meanwhile, somewhat surprising to see Thune praising her, the new sheriff in town overseeing the nation’s intelligence collection…
END
USA/RUSSIA
Putin Invites Trump To Visit Moscow In ‘Highly Productive’ Call, Ready For Peace
by Tyler Durden
Wednesday, Feb 12, 2025 – 12:28 PM
Update(1330ET): Just on the heels of the historic Putin call, President Trump has revealed an outline of his call with Ukraine’s President Zelensky, calling it a “meaningful conversation”. He had earlier vowed to inform Zelensky of the contents of the Putin phone call, at a moment European allies are stressing that there can be no peace deal without Ukraine’s direct input and participation.
- Trump: a meeting with Vance, Rubio, Zelensky being set up on Friday
- Trump: It is time to stop the Ukraine-Russia war
- No Ukraine deal without Ukraine and Europeans: French, German, Spanish FMs
Trump has pledged that talks to end the war will start immediately. Wednesday marks the first known conversation between Trump and Putin since the new US president entered office last month.
* * *
US President Trump and Russian President Putin held a nearly hour-and-a-half call this morning which the US president described as “lengthy and highly productive.”
Trump said on Truth Social that both leaders had extended invitations of “visiting each other’s nations,” while, the US leader said he would be calling Ukrainian President Volodymyr Zelensky “right now” to inform him about the call.
President Trump took to his Truth Social account to explain what was discussed (emphasis ours):
I just had a lengthy and highly productive phone call with President Vladimir Putin of Russia.
We discussed Ukraine, the Middle East, Energy, Artificial Intelligence, the power of the Dollar, and various other subjects. We both reflected on the Great History of our Nations, and the fact that we fought so successfully together in World War II, remembering, that Russia lost tens of millions of people, and we, likewise, lost so many!
We each talked about the strengths of our respective Nations, and the great benefit that we will someday have in working together.
But first, as we both agreed, we want to stop the millions of deaths taking place in the War with Russia/Ukraine.
President Putin even used my very strong Campaign motto of, “COMMON SENSE.”
We both believe very strongly in it. We agreed to work together, very closely, including visiting each other’s Nations. We have also agreed to have our respective teams start negotiations immediately, and we will begin by calling President Zelenskyy, of Ukraine, to inform him of the conversation, something which I will be doing right now.
I have asked Secretary of State Marco Rubio, Director of the CIA John Ratcliffe, National Security Advisor Michael Waltz, and Ambassador and Special Envoy Steve Witkoff, to lead the negotiations which, I feel strongly, will be successful.
Millions of people have died in a War that would not have happened if I were President, but it did happen, so it must end.
No more lives should be lost!
I want to thank President Putin for his time and effort with respect to this call, and for the release, yesterday, of Marc Fogel, a wonderful man that I personally greeted last night at the White House.
I believe this effort will lead to a successful conclusion, hopefully soon!
Most significantly, Putin spokesman Dmitry Peskov has announced immediately on the heels of Trump’s statement that President Putin has invited Trump for an official state visit to Moscow.
Below are breaking newswire headlines from the Russian side:
PUTIN INVITES TRUMP TO VISIT MOSCOW DURING PHONE CALL, EXPRESSES READINESS TO RECEIVE U.S. OFFICIALS IN RUSSIA – PESKOV
PUTIN SPOKE OF NEED TO ELIMINATE ROOT CAUSES OF UKRAINE CONFLICT IN PHONE CALL WITH TRUMP, AGREED THAT LASTING SETTLEMENT
PESKOV: TRUMP ASSURES PUTIN THAT U.S. FULFILLING ALL AGREEMENTS REACHED WITH REGARD TO SWAP OF RUSSIAN, U.S. CITIZENS
Just the night prior, American school teacher Marc Fogel arrived in Washington, fresh out of a 3+ year stint in Russian prison, after a successful prisoner exchange. Walz has declared this an act of good faith from Putin. What’s clear is that things are moving fast.
Ukraine dollar bonds are rallying on news of the call, and have seen price rise dramatically since the restructuring last year – and since Trump was elected….
So it seems the market is growing more optimistic now that peace is close.
Polymarket’s odds of Trump ending the war within 90 days are also rising…
At the same time, Pete Hegseth is in Brussels and has declared that NATO membership for Ukraine is off the table.
* * *
Geopolitical observer Arnaud Bertrand writes…
This is a monumental shift: the U.S. finally renounces NATO membership for Ukraine after 17 years of trying… This is no cause for celebration, it’s tragic really: had this position been taken in late 2021 instead of doubling down on NATO expansion, the war and its hundreds of thousands of casualties would have undoubtedly been avoided.
.com/MaxAbrahms/status/1889737617173778771
And we know the U.S. could have taken this position then, because they do it now. The intolerable cost of hubris, which of course no-one will pay a price for except all those who died in this senseless and easily avoidable war.
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
END
FREIGHT ISSUES/USA/
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
VDH
END
KING REPORT
| The King Report for February 10, 2025 Issue 7427 | Independent View of the News |
| January NFP 143k, 175k expected; Mfg. 3k, 1k expected; Construction 4k, 2-month revision +100k Unemployment Rate 4.0%, 4.1% expected and prior Labor Force Participation Rate 62.6%, 62.5% expected and prior Wages 0.5% m/m & 4.1% y/y; 0.3% m/m/ & 3.8% y/y expected Workweek 34.1, 34.3 hours expected January 2024 Seasonal Adjustment +2.107m; January 2025 Seasonal Adjustment +1.978m (Table B-1) The change in the January 2025 Seasonal Adjustment reduced NFP by 129k versus Jan 2024 NFP. January 2024 Birth/Death Model -121k; January 2025 Birth/Death Model -105k; +16k NFP vs Jan 2024 https://www.bls.gov/web/empsit/cesbd.htm The BLS: The seasonally adjusted total nonfarm employment level for March 2024 was revised downward by 589,000… https://www.bls.gov/news.release/pdf/empsit.pdf Establishment Survey Highlights Healthcare & Social Assistance +66k, Retail +34.3k, Government +32k, Temp -12.4k Household Survey Highlights Employed +234k, Unemployed -37k, Not in Labor Force +850k, Civilian Labor Force +2.197m @RealEJAntoni: Most of the 1 million increase in the employment level for foreign-born workers was due to updated population controls. Those aren’t applied to previous data, which is why BLS says all figures from Jan ‘25 and beyond are not directly comparable with prior months and years. https://twitter.com/RealEJAntoni/status/1888065774641684966?s=02 UMich Sentiment declined to 67.8 from 71.1; 71.8 expected. The drop is due to Dems’ inflation angst. Dems expect 1-year inflation of 5.1%; Republicans 0.0%, and Independents 3.2%. https://cms.zerohedge.com/s3/files/inline-images/image%20%2862%29_2.png?itok=_ZiJBghl Please notice that the UM greatly oversamples Democrats. 5.1% (D inflation) + 0.0% (GOP inflation) = 5.1%; an average of 2.55%. Independents are 3.7%. The only way to get to 4.3% 1-year Inflation is to greatly overweight Democrats. UM Current Condition 68.7, 74 prior, 73.7 exp.; Expectations 67.3, 69.3 prior, 70.1 exp. 5-10-year Inflation 3.3%, 3.2% expected and prior February 2025 Consumer Sentiment 58.9 Dem, 65.8 Ind, 83.2 Rep Current Conditions: 85.9 Dem, 71.1 Ind, 51.0 Rep Expectations: 41.6 Dem, 62.3 Ind, 104.0 Rep https://data.sca.isr.umich.edu/fetchdoc.php?docid=77963 Tesla car sales in China fall 11.5% as competition intensifies Chinese rival BYD sold 296,446 pure electric & plug-in hybrid vehicles last month, up 47% year-on-year. https://www.cnbc.com/2025/02/07/tesla-car-sales-in-china-fall-11point5percent-as-competition-intensifies.html @StockMKTNewz: Tesla’s cash pile has grown to $36.6 Billion up from $1.9B a decade ago https://x.com/StockMKTNewz/status/1887936903770485200 Trump says he will announce reciprocal tariffs on many countries next (this) week https://www.reuters.com/world/us/trump-told-gop-lawmakers-he-plans-announce-reciprocal-tariffs-early-friday-2025-02-07/ ESHs opened sharply lower on Thursday night but rallied steadily until they turned positive at 20:34 ET. The rally ended quickly, ESHs declined steadily until they hit a low of 6094.00 at 1:14 ET. ESHs then inched higher until they turned positive at 6:56 ET. Again, the rally ended when ESHs turned barely positive. ESHs sank to 6087,50 at 8:28 ET on expectations of a strong January Employment. With January NFP lower-than-expected, ESHs rallied to daily high of 6123.25 at 9:52 ET. After the UM Sentiment Survey showed a spike in 1-year Inflation expectations, ESHs tumbled. Eventually ESHs hit a daily low of 6036.50 at 12:15 ET. ESHs rallied to 6078.50 at 13:15 ET and then sank anew. ESHs hit a new daily low of 6041.25 at 15:16 ET. A labored rally forced ESHs to 6054.25 at 16:00 ET. December Consumer Credit exploded by a record $40.847B (Credit cards +$22.9B)! $15.45B was exp. Nov revised to -$.371B from -$7.489B. This is the same DJT euphoria that is propelling equities. @Marlin_Capital: We have just witnessed the largest retail investor buying (Individual stocks) on record. https://t.co/GE8vhGwnvJ Positive aspects of previous session The DJTA was relative strong. Negative aspects of previous session US stocks and bonds declined sharply: USHs -18/32 at NYSE close; Fangs led the decline. Gasoline rallied sharply; oil moved modestly higher; gold rallied moderately. Ambiguous aspects of previous session Has the Trump Rally peaked? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Flat Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6049.08 Previous session S&P 500 Index High/Low: 6101.28; 6019.96 Anheuser-Busch CEO Brendan Whitworth wants beer to be labeled ‘American’ made: I don’t like the word ‘domestic’ https://t.co/xkkwFzeZvL @RealCherokeeOwl: A key safety system was turned off on the US Army helicopter that collided with an American Airlines regional jet last week near Washington’s Reagan Airport, killing 67. Senate Commerce Committee chair Ted Cruz told reporters the Black Hawk helicopter had turned off its automatic dependent surveillance-broadcast (ADS-B), which is permitted for military aircraft. “This was a training mission, so there was no compelling national security reason for ADS-B to be turned off,” Cruz said after a briefing from the National Transportation Safety Board and Federal Aviation Administration. @charliekirk11: New York (Obama) Judge Paul Engelmayer just forbade all political appointees — including Treasury Secretary Scott Bessent — from accessing Dept. of Treasury data, all based on Blueanon conspiracy theories!! Those theories couldn’t be challenged because the order was EX PARTE — meaning Trump’s lawyers weren’t warned, and couldn’t weigh in. Only Democrat Attorneys General were allowed to argue…It means Scott Bessent’s subordinates have far more power than Scott Bessent does… SCOTUS should bar this judge from ever hearing similar cases again, and every Democrat lawyer involved should be sanctioned. @mrddmia: The Supreme Court must step in quickly and decisively on the emergency docket, as activist judges are illegally sabotaging the Article II power of the President. Otherwise, the judiciary will lose its legitimacy—then its funding. @amuse: LAWFARE: In an egregious and unconstitutional assault on executive authority, Judge Paul Engelmayer has unilaterally forbidden all of Trump’s political appointees—including Treasury Secretary Scott Bessent—from accessing Treasury Department data. This ruling, concocted without legal precedent or constitutional justification, is nothing short of judicial sabotage. Worse, it was issued ex parte—meaning Trump administration lawyers weren’t given notice, weren’t allowed to argue, and weren’t even in the room. Only Democrat attorneys general were heard, ensuring a predetermined outcome. Engelmayer’s order is legally indefensible. He cites no statutory basis because none exists. He offers no constitutional rationale because the Constitution directly contradicts him. Instead, he fabricates a fiction: that the duly appointed Treasury Secretary is nothing more than a ceremonial figurehead… This is not a legal dispute—it is a coup by the judiciary against the elected government… https://x.com/amuse/status/1888310498036416643 Harvard Law’s @Vermeullarmine: Judicial interference with legitimate acts of state, especially the internal functioning of a co-equal branch, is a violation of the separation of powers. Robert Barnes: Trump Could ‘Go Full Andrew Jackson’ and Ignore Interference from Activist Judges https://www.breitbart.com/radio/2017/03/16/robert-barnes-trump-could-go-full-andrew-jackson-ignore-interference-activist-judges/ How about Trump announcing that he will issue blanket pardons to anyone that ignores Obama Judge Engelmayer’s ruling or any judge’s ruling that opposes what Trump wants! If Biden can do it…! TDS-inflected leftist judges’ egregious rulings are galvanizing support for judicial review and reform. @IanJaeger29: GOP Rep. Marjorie Taylor Greene calls for impeaching rouge Judges. DOGE Is Now Inside the Consumer Financial Protection Bureau https://www.wired.com/story/doge-access-consumer-financial-protection-bureau-data/ @elonmusk: CFPB (Consumer Financial Protection Bureau) RIP All aspects of the government must be fully transparent and accountable to the people. No exceptions, including, if not especially, the Federal Reserve. (Musk supports a Fed audit!) @judyshel: A shot over the bow at the Fed by @elonmusk that should make them change their definition of “diversity” to one that reflects intellectual diversity. Registered democrats among Fed staff economists outnumber registered Republicans by 10-to-1. End the debilitating groupthink by allowing diversity of opinion and political philosophy! Acting CFPB Dir. @russvought: Pursuant to the Consumer Financial Protection Act, I have notified the Federal Reserve that CFPB will not be taking its next draw of unappropriated funding because it is not “reasonably necessary” to carry out its duties. The Bureau’s current balance of $711.6 million is in fact excessive in the current fiscal environment. This spigot, long contributing to CFPB’s unaccountability, is now being turned off. @carney: Vought’s move here is brilliant. Because the bureau was established by law, the Trump administration cannot eliminate it. This isn’t USAID, set up through executive order. But it can definitely be defunded and de-activated because of the very mechanism set-up by Elizabeth Warren: there’s no Congressional funding mandate, so there’s no impoundment problem. @RogerJStoneJr: A careful examination of New York Attorney General Letitia James financial disclosures shows she inflated the value of her assets in order to get mortgages on various commercial properties– EXACTLY what she falsely accused President Trump of doing! Today – Trump said he will announce 25% tariffs on all imports of steel and aluminum. Still, traders will play for the Monday Rally. This is why ESHs opened -35.50 and NQHs -72.75 on Sunday night but are +19.50 and +106.00 respectively at 20:00 ET. USHs are +1/32. The interesting market could be Treasuries, due to DOGE-related news and this Treasury-related story: Trump says US may have less debt than thought because of fraud “It could be that a lot of those things don’t count. In other words, that some of that stuff that we’re finding is very fraudulent, therefore maybe we have less debt than we thought.”… https://www.reuters.com/markets/us/trump-says-us-might-have-less-debt-than-thought-2025-02-09/ While most everyone assumes DJT means fraudulent Treasury payments, his vague statement could also suggest that there are fraudulent Treasury certificates. Decades ago, there were periodic stories about organized crime counterfeiting Treasuries and stock certificates, and via contacts in brokers firm cages, exchanging bogus certificates for real ones. Here is a significant Reuters report on fake US bonds: Italian police seize $6 trillion of fake U.S. bonds – Reuters February 17, 2012 https://www.reuters.com/article/business/italian-police-seize-6-trillion-of-fake-us-bonds-idUSTRE81G117/ Expected earnings: MCD 2.84, ROK 1.56 S&P Index 50-day MA: 6001; 100-day MA: 5906; 150-day MA: 5774; 200-day MA: 5656 DJIA 50-day MA: 43,788; 100-day MA: 43,237; 150-day MA: 42,284; 200-day MA: 41,450 (Green is positive slope; Red is negative slope) S&P 500 Index (6025.99 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5382.09 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5735.66 triggers a sell signal Daily: Trender and MACD are positive – a close below 5962.31 triggers a sell signal Hourly: Trender and MACD are negative – a close above 6075.99 triggers a buy signal Fox’s @PhilipWegmann: Lindy Li, former DNC official alleges that after Atlanta debate Hunter Biden “basically commandeered” the White House. “You had a former cocaine addict sitting in on the most sensitive meetings…” “Mind you, no security clearance. That’s who was basically running the show.” https://x.com/PhilipWegmann/status/1888030399244243365 @jmrphy: Elon is doing applied political science. He had a hypothesis, and then he bet on it. And in being correct, we are learning empirically: The Professional Managerial Class has perfected a system of moral blackmail through which they convert third world suffering into personal wealth and status. They position themselves as noble humanitarian experts with PhDs who care deeply about things like global poverty, to justify their own sinecures extracted from the national purse. These credentialed do-gooders wield the threat of African deaths as a shield against any questioning of their privileges. We’ve long understood bourgeois professional hypocrisy in theory, but never before have we had such a complete empirical revelation of the exact dollar amounts, networks, and individual names involved across the top of the PMC hierarchy… Trump’s using a clever trick to break the Deep State’s massive ‘command and control’ system… The NYTimes, NPR, WaPo, CNN, and the rest don’t just react to news. They function as a distributed, decentralized mission command system for the Democratic Party and the broader Blob…the Deep State doesn’t just say, “Here’s what happened.” They strategically select sources based on the tone they want. This isn’t journalism—it’s perception warfare… This is why the narrative feels so unified. No one’s forcing compliance—it’s a system that rewards alignment… Trump’s rapid-fire style isn’t just effective—it’s a wrecking ball to their machine, and he needs to keep it up… https://revolver.news/2025/02/trump-using-clever-trick-to-break-massive-deep-state-command-and-control-system/ Who is Samantha Power? Ex-USAID boss is former journalist who is married to Washington Post columnist (and) former Obama administration official… Cass Sunstein… Obama… appointed her to the National Security Counsel as soon as he took office… she lobbied for intervention in Libya… Power pushed hard for the US to attack Syria and remove (Assad) him from power… in May 2021, when Biden tapped her to be USAID administrator… https://t.co/1qqLXLKHyB @ImMeme0: Here, Samantha Power, the former administrator of the USAID proudly highlights the agency’s role in influencing “strategically important elections” by using the “Democratic Elections Fund.” She also discusses how USAID funds journalists—not only to report the news but also to “fact-check” incoming information… https://x.com/ImMeme0/status/1888130420547416224 @laralogan: Good to hear Samantha Powers incriminate herself. Still has to answer for the “unmasking” of Gen Mike Flynn that happened in her name. What’s the over/under on the number of people related to USAID being indicted? @KyrieEleisonUSA: The Pritzker Family has 64 NGOs taking millions upon millions of taxpayer money. Here’s a video of just ONE of the sixty-four. https://x.com/KyrieEleisonUSA/status/1887720255591534907 @themarketswork: FEMA gave more than $1 billion of taxpayer money to NGOs responsible for the flood of illegals. (Musk’s DOGE team is examining data on FEMA grants.) @DougMackeyCase: Rupert Murdoch’s WSJ reporter who got DOGE staffer fired got her start at USAID – LinkedIn WSJ troll also worked at Vox Media, State Department, NYT, Business Insider https://twitter.com/DougMackeyCase/status/1887701470297870768?s=02 Member of Musk’s Doge resigns after reports of racist posts “You could not pay me to marry outside of my ethnicity,” a post on the account said in September…”Normalize Indian hate,” another post that month said… https://www.bbc.com/news/articles/c93q625y04wo JD Vance: Here’s my view: I obviously disagree with some of Elez’s posts, but I don’t think stupid social media activity should ruin a kid’s life. We shouldn’t reward journalists who try to destroy people. Ever. So, I say bring him back. @EricLDaugh: JD Vance just dropped the quote of the year today. “Racist trolls on the internet, while offensive, don’t threaten my kids. You know what does? A culture that denies grace to people who make mistakes. A culture that encourages congressmen to act like whiny children.” @paulsperry_: President Trump just implied DOGE will develop an algorithm to identify Social Security numbers that are being used by illegal aliens & by immigrants who are illegally enrolled in SS programs (voter rolls, too): “Those people will have to be weeded out,” adding many of them are in Calif. @elonmusk: There are tens of millions of media & software subscriptions paid by the federal government – your tax dollars – that show ZERO usage!! @MarioNawfal: CONGRESS FUNNELED $516 BILLION INTO EXPIRED PROGRAMS WITH ZERO OVERSIGHT IN 2024 https://x.com/MarioNawfal/status/1887988710098260374 Trump rules out deporting Prince Harry: ‘He’s got enough problems with his wife’ “She’s terrible…” https://trib.al/8iytyY8 Trump revoked Biden’s security clearance and stopped his daily briefings, citing the Hur Report claim of a “poor memory” and Biden’s precedent of revoking DJT’s security clearance. DJT statement at link: https://x.com/TrumpDailyPosts/status/1888006215923548583 Trump fired Colleen Shogan, the head of the National Archives and Records Administration, which was a major player in DJT’s 2nd impeachment. Elon Musk: “You get taxed on what you earn, taxed on what you own, and taxed on what you buy… that’s why we need to reduce the size of government.” @wikileaks: 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… Since 2008, when electronic records begin, more than 95% of IN’s budget has been supplied by the US government (thread follows)… https://x.com/wikileaks/status/1888072129327083979 @KanekoaTheGreat: USAID-Funded Internews CEO Jeanne Bourgault pushes for global advertising “exclusion list” to censor “disinformation” at the World Economic Forum. Like what they did to 𝕏?… https://x.com/KanekoaTheGreat/status/1888263633400164712 @elonmusk: This was a criminal action @BasedTorba: Say what you will about USAID, but what it demonstrates is that the left fundamentally understands something that the right does not: patronage networks. The right leaves this crucial component of political systems of soft power to “market forces” which mysteriously never seem to materialize in any real tangible way. We’ve been forced for the past decade to struggle and get by on helping out each other with what little resources we have at our disposal while the left sent every facet of its base billions of dollars. There’s a lesson to be learned here. @AutismCapital: DAVID SACKS: “We knew that the US Government runs a $2T deficit every year, we’re in debt almost $40T, and every time someone tries to cut something in Washington the whole city screams bloody murder. The question is why? Now we know — everyone was getting paid! https://x.com/AutismCapital/status/1888031560970158212 @EricLDaugh: Dem Senator Andy Kim has announced he’s prepared to shut down the government to subvert Trump. (Precisely what most Republicans want!) https://x.com/atrupar/status/1888612232201695726 NYC teachers’ union coaching educators to help migrants dodge ICE at home and outside school https://nypost.com/2025/02/08/us-news/nyc-educators-being-coached-to-help-migrants-dodge-ice-at-home-and-outside-school/ The United Federation of Teachers is telling teachers to print and hand out “red cards” in newly leaked footage obtained by the New York Post. Trump goes for the jugular with NGO funding review, imperiling Dem-Journo-Activist cabal https://justthenews.com/government/white-house/sattrump-goes-jugular-ngo-funding-review-imperiling-dem-journo-activist Fox: Democratic lawmakers seek to enter Education Department as possible DOGE cuts loom (Dems keep employing their ‘60s play book) https://www.foxnews.com/politics/democrats-try-enter-department-education-amid-outrage-over-possible-doge-cuts Trump slams ‘lunatic’ Democrats that tried to barge into Department of Education to stop DOGE ‘super geniuses’ https://t.co/EOKqRtcvDT Trump fired the Kennedy Center board and appointed himself chairman. He slammed ‘drag shows’ at the center. DJT statement: https://x.com/TrumpDailyPosts/status/1887996502955655399 Musk and Trump have induced Dems and their media stooges to defend government waste and fraud. @kylenabecker: President Donald Trump has signed an executive memo ordering a review of government funding of NGOs. “The memorandum directs all department and agency heads to review all funding provided to NGOs to ensure that their future funding decisions align with the interests of the United States and priorities of this Administration.” “The United States Government has provided significant taxpayer dollars to Nongovernmental Organizations (NGOs), many of which are engaged in actions that actively undermine the security, prosperity, and safety of the American people.” @CannConActual: Remember when Joe Biden bragged about withholding that “$1 billion loan guarantee” to Ukraine in exchange until the prosecutor investigating Burisma was fired?? That was USAID. That is how Nuland and her cronies at the State Department were able to fund the Maidan and overthrow the Yanukovich administration, which was favorable to a relationship with Russia, THEIR NEIGHBOR, in exchange for a US-Friendly regime… https://x.com/CannConActual/status/1887493278095778041 @charliekirk11: USAID whistleblower, Mark Moyar, reveals how the agency sent him to DEI indoctrination camp, ordering him to take on the identity of a Scandinavian woman and do a PRIVILEGE WALK. Our children won’t believe us when we tell them what happened. https://t.co/M5zltQSxSw @AlanJacobyJr: How are the liberals going to explain how Chelsea Clinton became a multi-millionaire of American tax dollars? Chelsea Clinton raked in $84 million. That’s your USAID https://t.co/wkTFMV2Qow Babylon Bee: Democrats Delay Kash Patel Vote as FBI Hasn’t Finished Shredding All Their Documents https://t.co/QeHg99YoDI @JerryDunleavy: Attorney General Bondi has disbanded the FBI’s Foreign Influence Task Force (FITF), established by Wray in 2017 with the stated goal of counteracting malign foreign influence operations targeting the US. One thing I’d note was FITF’s shady role in the Hunter Biden laptop saga. https://t.co/22GeYeo2bQ @paulmcleary on Friday: (Def Sec) Hegseth to Pentagon officers and civilians this morning: “The single dumbest phrase in military history is ‘our diversity is our strength.’ I think our strength is our unity, our strength is our purpose.” @EricLDaugh: A Michigan lawmaker has sterilized herself to avoid becoming pregnant while Trump is president. Omg. Mental health crisis. Rep. Laurie Pohutsky (D-Livonia) said: “Just under two weeks ago, I underwent surgery to ensure that I would never have to navigate a pregnancy in Donald Trump’s America.” “I refuse to let my body be treated as currency by an administration that only sees value in my ability to procreate.” “If you know people who are questioning how serious this is, I’m going to repeat myself: A sitting government official opted for voluntary sterilization because she was uncertain she would be able to access contraception in the future.” @JamesBlairUSA: Michigan has functionally zero restrictions on abortion – codified in their state Constitution. Abortion any time any place for any reason. This statement is nonsense, and this person clearly needs help. Democrat Sen. John Fetterman blasts party brand as ‘toxic’ after years of ‘shaming and scolding’ voters https://trib.al/WTpSke1 James Carville wonders if there’s ‘plant’ in progressive wing to see how many ‘stupid things’ they can embrace https://t.co/30ecDGiGDo @WesternLensman: Kamala Harris statement on LA fires: “As we think about the future, we must, as a society, as a country, invest in adaptation and resilience, and we have to understand these extreme weather occurrences are extreme, but they are increasingly less rare.” https://x.com/WesternLensman/status/1887873159182884974 @BreannaMorello: New York Governor Kathy Hochul just delayed the election to replace outgoing Congresswoman Elise Stefanik’s seat. President Donald Trump needs to get involved. NY-21 deserves representation in DC. Hochul is trying to steal it! https://t.co/EPHqqrhJlU NY Republicans call for racketeering investigation as Dems prepare to delay special elections https://t.co/bBIK0yeWtP Musk to obese IL Gov Pritzker after his rant about Vance/DJT & the law: Have you considered Ozempic? @VitalVegas: Casino execs across Las Vegas are baffled and rattled by Super Bowl weekend falling off a cliff. Some are reporting losing days (expenses exceed revenue) multiple days this week… https://x.com/VitalVegas/status/1888025785035808783?t=nPnvkTtFYLqxUbuEgD_nQA&s=03 @ProFootballTalk: NFL Honors draws its lowest audience ever. At 2.3 million, the awards show still beat by 500,000 an NBA game between the Mavericks and the Celtics. https://t.co/0lAozCLYIE @IanJaeger29: Superbowl tickets have crashed to the lowest point in over 15 years. It goes to show that people don’t want to watch the woke NFL anymore. (or the refereeing!) https://x.com/IanJaeger29/status/1887962912502792495 Chiefs fans, plummeting prices drive run on Super Bowl tickets More than 4,000 tickets remained available on StubHub as of Friday morning… https://www.reuters.com/sports/chiefs-fans-plummeting-prices-drive-run-super-bowl-tickets-2025-02-07/ A.J. Brown called for brutal penalty on first drive of Super Bowl 2025 as Chiefs get another favorable call (With the entire known world buzzing about NFL ref bias towards the Chiefs, a side judge makes a favorable call toward the Chiefs early in the game!) https://trib.al/kyNjg2q 1st Super Bowl LIX controversial call goes Chiefs’ way, social media explodes https://www.foxnews.com/sports/1st-super-bowl-lix-controversial-call-goes-chiefs-way-social-media-explodes | |
| The King Report February 11, 2025 Issue 7428 Independent View of the News Despite the Cassandra Song about tariffs from Dems, the media, and globalists, the US equity market isn’t concerned about Trump’s tariffs or his tariffs warnings. US stocks rallied sharply on Monday, with Fangs and the DJTA stocks leading the rally. Uber was +5.25% near 13:30 ET; CH Robinson was 2.87%, Marson 2.73%, and Norfolk & South was +2.0%. Among Fangs, Broadcom was +4.58%; Nvidia +3.53%; Amazon + 151%, and ServiceNow +1.47% As noted in yesterday’s missive, ESHs and NQHs tumbled on the Sunday night opening due to Trump’s 25% tariff on US metal imports. In seconds, ESHs and NQHs soared and rallied until they hit 6069.25 near 20:00 ET. ESHs then traded in a 10-handle range until they broke higher after 4:00 ET. ESHs plodded to 6087.00 at 9:00 ET; an early dump knocked ESHs down to 6067.50 at 9:41 ET. Opening dip buyers took ESHs to a daily high of 6094.50 at 10:46 ET. Another wave of profit taking pushed ESHs down to 6072.25 at 12:10 ET. A Noon Balloon boosted ESHs to 6093.50 at 13:52 ET. After a retreat to 6087.00 at 14:00 ET, the Afternoon Rally took ESHs to 6096.00 at the 14:23 ET. After a decline to 6083.00 at 15:57 ET, ESHs jumped to 6090.00 at 15:59 ET on the late manipulation. NY Fed Survey Shows 1 Year Inflation Expectations Unchanged, Makes Mockery of UMich Propaganda (As we opined in Monday’s missive, UMich is grossly over-sampling Dems.) https://www.zerohedge.com/economics/ny-fed-survey-shows-1-year-inflation-expectations-unchanged-makes-mockery-umich McDonalds reported Q4 EPS of 2.83; 2.84 was expected. But shares soared because everything is bullish. McDonald’s international markets prop up sales growth even as US lags (-1.4%) McDonald’s posts biggest US sales decline since 2020 International sales rise, led by Middle East and Japan Shares up nearly 5% in early trade McDonald’s posted its biggest US sales decline in nearly five years after demand took a hit from a brief E.coli outbreak, while diners also proved cautious spenders… The company’s global same-store sales rose 0.4% in the quarter ending December 31, compared with expectations of a 0.63% decline, according to data compiled by LSEG. This was driven by a 4.1% rise in McDonald’s business segment where restaurants are operated by local partners, led by Middle East and Japan. Company executives said in a post-earnings call that demand was stabilizing in China. Executives said the chain was on track to have 50,000 units worldwide by the end of 2027. https://reut.rs/4hmvR9D Schumer warns of ‘Trump shutdown,’ lays out 4-pronged plan for Democrats https://thehill.com/homenews/senate/5136221-schumer-trump-shutdown/ The Dem Party depends on people that are dependent on government (entitlement, job, business deals, and grift). It is they that will be most affected and offended by a government shutdown! Positive aspects of previous session The DJTA and Fangs led a robust equity rally. Negative aspects of previous session Oil rallied robustly; gasoline fell a tad; bonds declined a tad ahead of a $125B refunding week. Gold (physical) soared as much as $50.64 to a new record high of 2911.72. Leftist judges are creating a Constitutional Crisis. Ambiguous aspects of previous session USHs were very quiet ahead of this week’s issuance of $125B if US debt. First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6061.55 Previous session S&P 500 Index High/Low: 6073.38; 6044.84 @RapidResponse47: President Trump responds to Elizabeth Warren’s comments about the Consumer Financial Protection Bureau: “That was set up to destroy people. She used that as her little personal agency to go around and destroy people. She’s a fake just like she said she was an Indian.” https://x.com/RapidResponse47/status/1889099138941235509 Hamas says it is postponing next hostage release, claims Israel broke cease-fire deal Israeli Defense Minister Israel Katz slammed Hamas’ notice as an “outright violation of the cease-fire,”… https://t.co/JEjYierGmg @i24NEWS_EN: US President Donald Trump said freed hostages Ohad Ben Ami, Eli Sharabi, and Or Levy ‘looked like Holocaust survivors’ when they came back, stressing that he doesn’t ‘know how much longer we can take it,’ despite his commitment to the ceasefire… Trump: hostages must be returned by noon Saturday https://justthenews.com/government/diplomacy/trump-hostages-must-be-returned-noon-saturday Chinese Spy Balloon from 2023 was Found to Have American Tech, Military Analysis Finds – Newsweek https://t.co/MKelIv0eCm DOGE’s next target revealed after $59 million spent to put illegal migrants in luxury hotels (FEMA) ‘Sending this money violated the law and is in gross insubordination to the President’s executive order,’ Musk claimed on his X platform on Monday. He added: ‘That money is meant for American disaster relief and instead is being spent on high end hotels for illegals!’… https://www.dailymail.co.uk/news/article-14380675/doge-target-millions-spent-illegal-immigrants-hotels.html @robbystarbuck: I need someone to explain to me how we have US citizens who lost their homes to natural disasters STILL living in tents or freezing rooms with no heat yet FEMA had the money to spend $59M on luxury hotels for illegal immigrants. All I can deduce is that Democrats hate Americans VA Secretary Doug Collins @SecVetAffairs: Ran across a $178,000 contract VA had with Politico and we promptly canceled it. That money can be better spent on Veterans health care! @elonmusk: I recommend looking at all media and software subscriptions for either full cancellation or reduction. @elonmusk: Just learned that the social security database is not de-duplicated, meaning you can have the same SSN many times over, which further enables MASSIVE FRAUD!! Your tax dollars are being stolen… The reason the radical Dems don’t want an audit of social security fraud is because they’re the ones getting it … @ByronYork: Who’s a ‘civil servant’? The Trump administration response notes that Judge Engelmayer’s order “purports to limit access to a vast swath of Treasury systems to only ‘civil servants’—a term that is undefined—and prohibit ‘all political appointees’ from access to such systems. This distinction is fundamentally incompatible with the constitutional structure that Article II compels, where the federal bureaucracy is—and must be—supervised and directed by political leadership that is ultimately accountable to the President.” https://storage.courtlistener.com/recap/gov.usco @elonmusk: There is a massive effort by the UNELECTED bureaucracy to oppose the ELECTED President, House & Senate!! This is why I say the true & noble battle is to restore DEMOcracy, rule of the people, from the BUREAUcracy, rule of the bureaucrats… The truth is that NGOs are used by governments to do things that are illegal to do directly or would be opposed by the public. Among many other things, DOGE today canceled a $17M project to provide tax policy advice to Liberia. Why would anyone think that this is a good use of YOUR tax money? WSJ: Musk-Led Group Leads $97.4 Billion Bid for Control of OpenAI (Offer rejected) Unsolicited offer complicates Sam Altman’s plans to convert OpenAI to a for-profit company @Barchart: META has now traded green for 16 consecutive days, the longest winning streak in history for any Magnificent 7 Stock and one of the greatest runs of all-time. https://x.com/Barchart/status/1889127096603042003 @DonMiami3: This market is in wait-and-see mode on record low volume – waiting on inflation warnings, employment signals, and disappointing earnings thus far. We’re going on 3-8 months sideways depending on the sector. SPY has traded just 20 million shares through the final 10 min. Rule of Thumb: Stocks tend to peak on contracting volume and bottom on volume surges. Today – The response to DJT’s metal tariffs and McDonald’s EPS miss clearly shows that the masses are unmeritedly bullish because they are infected with Trump Delusion Syndrome. So, traders and other keep buying stuff. However, there is a rain cloud on the horizon. January CPI will be reported tomorrow; 0.3% m/m & 2.9% y/y are expected. Barring a leak of the Jan CPI Report, seasoned traders are likely to get quiet in the afternoon, just like they did for the Jobs Report. ESHs are -19.50; NQHs are -87.00 (DJT signed tariff EO); and USHs are +1/32 at 22:13 ET. Expected earnings: KO.52, DD .98, JUM -2.23, MAS .87, MAR 2.37, AIG 1.23, AIZ 4.07 Expected economic data: Jan NFIB Small Business Optimism 104.7; Fed Gov Hammack 8:50 ET, Powell at Senate Banking Com 10:00 ET, NY Fed Pres Williams S&P Index 50-day MA: 6003; 100-day MA: 5910; 150-day MA: 5777; 200-day MA: 5661 DJIA 50-day MA: 43,782; 100-day MA: 43,266; 150-day MA: 42,318; 200-day MA: 41,479 (Green is positive slope; Red is negative slope) S&P 500 Index (6075.25 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5382.09 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5735.66 triggers a sell signal Daily: Trender and MACD are positive – a close below 5962.31 triggers a sell signal Hourly: Trender is negative; MACD is positive– a close above 6075.99 triggers a buy signal USAID packages found among Hezbollah weapons cache in Lebanon: Israeli soldier https://trib.al/muyATAR Kristi Noem tears into the FBI for allegedly leaking sensitive ICE raid information to help migrants escape https://t.co/pYHx3Wzi86 @DefiyantlyFree: Democrats are trying to convince you that the American people serve at the pleasure of the bureaucracy and not the other way around. Don’t let them. @TrumpDailyPosts: Our Service Academies have been infiltrated by Woke Leftist Ideologues over the last four years. I have ordered the immediate dismissal of the Board of Visitors for the Army, Air Force, Navy, and Coast Guard. We will have the strongest Military in History, and that begins by appointing new individuals to these Boards. We must make the Military Academies GREAT AGAIN! Iran’s campaign trail threats against Trump more serious than publicly reported, book claims Law enforcement officials warned Trump in 2024 that Iran had placed operatives in the U.S. with access to surface-to-air missiles and that Trump’s orbit worried Iran would try to take out “Trump Force One” as it was taking off or landing while on the campaign trail. Isenstadt previewed his book in an Axios article published Sunday. … https://t.co/NZNVZH5Qzm @charliekirk11: Tennessee preacher Dr. Steve Caudle appears to call for violence against Elon Musk while spreading a rabid form of misinformation about DOGE: “Sometimes the devil will act so ugly that you have no other choice but to get violent and fight.” Disgraceful. https://t.co/5KK3K2yHkN @elonmusk: This tells me that he is trying to hide MASSIVE fraud Federal, state, and local governments have been funding Dem-friendly churches for decades. @ScottPresler: We just got Pennsylvania voter registration data. We’ve been using AI to uncover duplicate /fraudulent voter registrations & the PA State Dept. just did a massive purge. I’s happening. NFL Confirms Palestinian Protester Was Halftime Show Dancer https://www.breitbart.com/sports/2025/02/10/nfl-confirms-palestinian-protester-was-halftime-show-dancer/ The NFL jumped the shark this season. Happy Days are done for Roger Goodell and the NFL. https://t.co/GRXj82g2b0 |
SWAMP STORIES FOR YOU TO
DOGE Investigating Feds Whose Net Worths Have Exploded After Samantha Power Bombshell
Tuesday, Feb 11, 2025 – 05:20 PM
DOGE head Elon Musk said on Tuesday that DOGE is going to investigate federal employees whose net worths have exploded despite their comparatively low pay.
The announcement – which came after President Donald Trump signed an executive order calling on federal agencies to work with DOGE, follows a bombshell report that Samantha Power, former head of USAID, saw her net worth explode to $30 million despite an annual salary under $250,000.
“We don’t know why. Where did it come from? I think the reality is that they’re getting wealthy at the taxpayer expense,” Musk said on Tuesday.
Power, a former ambassador to the United Nations under President Obama, and was sworn in as head of USAID in May of 2021, reported a net worth between $6.7 million-$16.5 million in January of 2021 on a disclosure form. Her net worth is now estimated as high as $30 million, according to the website Biden’s Basement.
.Xcom/MarioNawfal/status/1888581827285148067
According to various reports, Power’s sources of income have varied over the years. After serving as UN Ambassador, she reportedly made $471,000 per year as a Harvard professor, and made $351,000 from speaking engagements with major firmst such as Nestle, Google and UBS, along with $1 million in book royalties.
Most notably, however, was an $11.73 million gain in her investment holdings.
If we had to venture a guess, DOGE’s access to information from the Treasury, USAID, and the Office of Personnel Management (OPM), run through Palantir’s intelligence apparatus (including AI), will quickly unravel graft hidden through multiple layers of organizational fog.
Meanwhile, there’s the issue of lawmakers who have become unbelievably ‘lucky’ when it comes to growing their net worth via insider trading.
In July, a bipartisan group of senators including Josh Hawley (R-MO) came to an agreement on a renewed effort to ban members of Congress from trading stock.
“Congress should not be here to make a buck,” Hawley said at the time. “There is no reason why members of Congress ought to be profiting off of the information that only they get.“
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GREG HUNTER INVERVIEWING LARRY KLAYMAN
Left Will Push Violent Revolution Against Trump – Larry Klayman
By Greg Hunter On February 12, 2025 In Political Analysis5 Comments
By Greg Hunter’s USAWatchdog.com
Renowned Attorney Larry Klayman, founder of Judicial Watch and later Freedom Watch USA, predicted that the crap would hit the fan after Donald Trump was sworn into office. He was correct. Now, Klayman says, “Just in the last few days, we have had Chuck Schumer, Maxine Waters and Hakeem Jefferies, the Minority Leader in the House, threating to go into the streets for violence. We can expect violence, but right now, what they are testing are these federal judges. . . . The Democrats have gone forum shopping in leftist states, I don’t even call them liberal anymore . . . and they are enjoining every one of President Trump’s major executive orders. It’s an outrage. It’s illegal, and I don’t think President Trump should obey those orders. I think they are illegal. Trump says he’s going to obey the orders, and I don’t think he should. . . . Trump should not obey the orders. That is the fastest way to get it to the Supreme Court, and that is not to obey the orders. They will be at the Supreme Court lickety-split.”
Klayman says, “The President has the right to intervene to see how that money is being spent. If he finds fraud, waste and corruption, it should be turned over to (AG) Pam Bondi to prosecute. What they found so far is $50 million worth of condoms for Hamas, all kinds of money going to terrorist organizations and you name it. It’s beyond the theater of the absurd. It’s criminal. Trump pointed out at his press conference today that there are likely kickbacks. . . . There are trillions and trillions of dollars, and that is just what has been wasted in the past.”
Klayman also says the pardons from President Biden for his son and family are illegal. Klayman contends, “These so-called pardons are null and void. . . . The pardons were illegal for two reasons: He (Biden) did not have the mental capacity to grant them, and they were not specific. They did not say what people were being pardoned for. I just pardon you for any crime. You can’t do that.”
Klayman thinks the fight with the Left is a lot worse than most people think. Klayman explains, “We are going to be in a violent revolution potentially in short order. . . . The Left is pushing too hard right now, and they are going to start the violence like they did with Antifa and Black Lives Matter. Look what happened in Philadelphia when the Eagles won the Super Bowl. Lawless, leftist thugs burned down Broad Street. . . . This is a situation that can only spin more wildly out of control the more Trump pushes. . . .It’s getting to a very dangerous phase. . . The Left wants us dead — they really do. They want to have complete control. Now that control has been taken away from them in an election, they are not going to go quietly. If they don’t get what they want in court, and they probably won’t, they are going to be violent, and this could ratchet up more and more.”
There is more in the 58-minute interview.
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Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned lawyer and government corruption fighter, Larry Klayman, founder of FreedomWatchUSA.org as he updates us on what he sees coming as Team Trump uncovers massive fraud with government books.
After the Interview:
To donate to FreedomWatchUSA.org so Larry Klayman can hire more attorneys to fight for the rights of all Americans being attacked by tyrannical dark forces on the Left, click here.
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