GOLD CLOSED DOWN 4.30 TO $2905.00
SILVER CLOSED UP 1 CENTTO $32.21
GOLD ACCESS CLOSED 2928,50
Silver ACCESS CLOSED: $32.37
Bitcoin morning price:$96,321 DOWN 1000 DOLLARS.
Bitcoin: afternoon price: $96600 DOWN 721 DOLLARS
Platinum price closing UP $10.45 TO $995.80
Palladium price; UP $0.00 TO $978.95
END
*CANADIAN GOLD: $4158.02 UP 12.00 CDN dollars per oz( * NEW ALL TIME HIGH 4153.60 CDN DOLLARS PER OZ//FEB 10 2025)
*BRITISH GOLD: 2331.20 DOWN 9 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,339.25 BRITISH POUNDS/OZ) FEB 10/2025
*EURO GOLD: 2,799.20 UP 4 Euros per oz //* (ALL TIME CLOSING HIGH: 2,807.66 EUROS PER OZ/FEB 10 //2025)
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EXCHANGE
CONTRACT: FEBRUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,909.000000000 USD
INTENT DATE: 02/12/2025 DELIVERY DATE: 02/14/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 70
072 H GOLDMAN 1667
092 C DEUTSCHE BANK 6
104 C MIZUHO 2
118 C MACQUARIE FUT 1
118 H MACQUARIE FUT 333
132 C SG AMERICAS 7
190 H BMO CAPITAL 1031
323 C HSBC 986
323 H HSBC 86
332 H STANDARD CHARTE 78
363 C WELLS FARGO SEC 13
363 H WELLS FARGO SEC 406
435 H SCOTIA CAPITAL 287
624 C BOFA SECURITIES 12
657 C MORGAN STANLEY 127
657 H MORGAN STANLEY 816
661 C JP MORGAN 36 935
686 C STONEX FINANCIA 38 98
690 C ABN AMRO 7
700 C UBS 333
709 C BARCLAYS 97
709 H BARCLAYS 41
730 C PTG DIVISION SG 3
732 C RBC CAP MARKETS 125
737 C ADVANTAGE 11 22
880 C CITIGROUP 23
880 H CITIGROUP 50
905 C ADM 27
TOTAL: 3,887 3,887
MONTH TO DATE: 64,266
JPMorgan stopped (received) 0 contracts/3887
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 3887 NOTICES FOR 3887,00 OZ 12.090 TONNES
total notices so far: 64,286 contracts for 6,4286,00 Oz (199.96 tonnes)
FOR FEB.
SILVER NOTICES: 197 NOTICE(S) FILED FOR 0.985 MILLION OZ/
total number of notices filed so far this month : 4093 for 20.465 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 WITHDRAWAL OF 6.901 TONNES
INVENTORY RESTS AT 866.500 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 1.593MILLION OZ INTO THE SLV///
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 438.994MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUMONGIZED SIZED 1088 CONTRACTS TO 165,339 AND CONTINUING 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 GAIN OF $0,01 IN SILVER PRICING AT THE COMEX WITH RESPECT TO WEDNESDAY’S TRADING. WE HAD A HUMONGOUS GAIN OF 1879 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE//WEDNESDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON WEDNESDAY 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 WEDNESDAY WITH SILVER’S RISEIN PRICE BY 1 CENT. WE HAD A HUGE T.A.S. LIQUIDATION WEDNESDAY COUPLED WITH ANOTHER NEW MEGA MEGA HUGE T.A.S. ISSUANCE OF 6628 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 791 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR MEGA HUGE 6628 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUMONGOUS SIZED 2005 CONTRACTS ON OUR TWO EXCHANGES WITH OUR SLIGHT GAIN IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT WEDNESDAY’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 WEDNESDAY NIGHT/THURSDAY MORNING: A HUGE 6628 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 UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.01 AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS DESPITE HAVING A HUGE GAIN IN OUR TWO EXCHANGES OF 2005 CONTRACTS WE HAD A MASSIVE LIQUIDATION OF T.A.S. CONTRACTS ACCOUNTING FOR THE SMALL GAIN IN PRICE.
WE HAD A STRONG 791 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 67 CONTRACT QUEUE JUMP FOR 0.335MILLION OZ OZ
// STANDING FOR SILVER//FEB ADVANCES TO 20.835 MILLION OZ
WE HAD:
/ MEGA HUMONGOUS SIZED COMEX OI GAIN+// A STRONG SIZED EFP ISSUANCE/ VI) MEGA MEGA HUMONGOUS SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 6628 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 126CONTRACTS.
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 9 DAYS, total 7577 contracts: OR 37.785 MILLION OZ (841 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 37,785 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 HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1088 CONTRACTS DESPITE OUR SMALL GAIN IN PRICE OF SILVER PRICING AT THE COMEX// WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG EFP ISSUANCE CONTRACTS: 791 ISSUED FOR MARCH AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS. WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC OF 10.105 MILLION OZ ON FIRST DAY NOTICE,FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 0.335 MILLION OZ TO LONDON//NEW STANDING ADVANCES TO 20,835MILLION OZ
WE HAVE 1). A MEGA HUMONGOUS SIZED GAIN OF 1879 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUGE 6628 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//MONSTER FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE WEDNESDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON WEDNESDAY WITH THE SLIGHT GAIN IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE WEDNESDAY NIGHT (6628) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 197 NOTICE(S) FILED TODAY FOR 0.985million 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 SMALL SIZED 668 OI CONTRACTS TO 528,081 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.)
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A STRONG SIZED 345 CONTRACTS//
WE HAD A SMALL SIZED DECREASE IN COMEX OI (413 CONTRACTS) OCCURRED DESPITE OUR LOSS OF $4.30 IN PRICE WEDNESDAY. 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 1083 CONTRACT QUEUE JUMP//108300 OZ (3.368ONNES)
/NEW STANDING ADVANCES TO 206.034TONNES +18.4527
= 224.4867TONNES.
/ ALL OF THIS HAPPENED WITH OUR $4.30 LOSS IN PRICE WITH RESPECT TO WEDNESDAY’S COMEX ///. WE HAD A FAIR SIZED GAIN OF 2620 OI CONTRACTS (8.15PAPER 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 3288 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 528,206
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1879 CONTRACTS WITH 668 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 3288 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2620 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 2155 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3288 CONTRACTS) ACCOMPANYING THE SMALLSIZED DECREASE IN COMEX OI OF 668 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 2620 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 1083CONTRACTS FOR 108,300 OZ( 3.365 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 224.4837TONNES
.
NEW STANDING FOR FEB ADVANCES TO:
206,038TONNES NORMAL DELIVERY (INCLUDING TODAY’S 3.368 TONNES QUEUE TUMP + .3114 TONNES OF EXCHANGE FOR RISK/TODAY + 18,1413 TONNES EX FOR RISK/PRIOR EQUALS 224.4867 TONNES
//NEW STANDING FEB: 224.4867TONNES 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 WEDNESDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $4.30PRICE LOSS, WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A FAIR GAINOF 1879 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED WEDNESDAY 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: 2155 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: 40,427 CONTRACTS OF 4042700 OZ OR 125,74 TONNES IN 9 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 9 TRADING DAY(S) IN TONNES 125.74 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 125.74 DIVIDED BY 3550 x 100% TONNES = 3,54% 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: 125.74 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 ROSE BY A HUMONGOUS SIZED 1088 CONTRACTS OI TO 165,339 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 791 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 791 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 791 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 1088 CONTRACTS AND ADD TO THE 791 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1879 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 10.025 MILLION OZ OCCURRED DESPITE OUR $0.01 GAIN IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS THURSDAY MORNING//WEDNESDAY NIGHT
SHANGHAI CLOSED DOWN 13.90 PTS OR 0.42%
//Hang Seng CLOSED DOWN 43.55 PTS OR 0.20 %
// Nikkei CLOSED UP 497.77 OR 1,28%//Australia’s all ordinaries CLOSED DOWN 0.55%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2970CHINESE YUAN OFFSHORE CLOSED UP TO 7.3109// Oil DOWNTO 70.45 dollars per barrel for WTI and BRENT DOWN AT 74.21 Stocks in Europe OPENED MOSTLY ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
END
ASIA TRADING THURDAY MORNING/WEDNESDAY 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 SMALL SIZED 668 CONTRACTS TO 528,081 DESPITE OUR LOSS IN PRICE OF $4.30 WITH RESPECT TO WEDNESDAY’S TRADING. WE LOST ZERO NET LONGS HOWEVER WITH THAT PRICE LOSS FOR GOLD AS WE HAD ALSO, AS YOU WILL SEE BELOW, A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3288) . THE CME ANNOUNCED WEDNESDAY NIGHT, 100 EXCHANGE FOR RISK CONTRACTS FOR 10000 OZ OR .3114 TONNES
AND SO FAR IN FEBRUARY: WE HAVE HAD FIVE EXCHANGE FOR RISKSNOW TOTALLING 18.4527TONNES!. 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 FAIR SIZED GAIN ON OUR TWO EXCHANGES OF 1879 CONTRACTS WITH OUR 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. WEDNESDAY NIGHT THEY ISSUED A STRONG 2155 CONTRACT ANNOUNCEMENT (WEDNESDAY NIGHT/THURDAY 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 2875 EFP CONTRACTS WERE ISSUED: : /FEB 2875& ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2875 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 2875 CONTRACTS IN THAT 3288 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A SMALL SIZED LOSS OF 413 COMEX CONTRACTS..AND THIS FAIR SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $4.30 FOR WEDNESDAY/ 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 (224.4867 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: 224.4867 TONNES (WHICH INCLUDES 18.4567 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: 206.034TONNES OF GOLD+ .3114 TONNES + 9.3264 TONNES OF EX. FOR RISK /PRIOR + 8.8149 TONNES EX FOR RISK PRIOR=//NEW TOTAL STANDING 224.4867 TONNES
COMEX GOLD TRADING/FEB CONTRACT MONTH
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELLBY $4.30//BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION WEDNESDAY 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 WEDNESDAY EVENING THURDAY 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 GAINED A FAIR TOTAL OF 8,15 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 1083 CONTRACT QUEUE JUMP FOR 108,300OZ. NEW STANDING ADVANCES TO 206.034TONNES OF GOLD. TO WHICH WE ADD OUR 18.4527TONNES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 224.4867TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $4.30
WE HAD 345 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL
NET GAIN ON THE TWO EXCHANGES 2620 CONTRACTS OR 262000 OZ (8.15ONNES)
confirmed volume WEDNESDAY 218,896contracts: 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 i) Brinks dealer 258,010.326 oz 8(025 kilobars) 2. ASAHI dealer 64,121.026 oz 3. Loomis 28,935,900 oz 900 kilobars total dealer 351,067.252 oz 10.919 tonnes |
| Deposits to the Customer Inventory, in oz | 2 ENTRIES i)Into Brinks customer acct 237,583.797 oz ii) into Malca 12,860.400 oz ( 400 kilobars) total weight 250,444.197 oz or 7.78 tonnes total weight dealer and customer: 18.708 oz |
| No of oz served (contracts) today | 3887 notice(s) 388,700 OZ 12.090TONNES |
| No of oz to be served (notices) | 1954contracts 195400 0OZ 6.077 TONNES |
| Total monthly oz gold served (contracts) so far this month | 64,286notices 6,428,600oz 199.96 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: 3
i) Brinks dealer 258,010.326 oz
8(025 kilobars)
2. ASAHI dealer 64,121.026 oz
3. Loomis 28,935,900 oz 900 kilobars
total dealer 351,067.252 oz
10.919 tonnes
we have 52customer deposits
2 ENTRIES
i)Into Brinks customer acct 237,583.797 oz
ii) into Malca 12,860.400 oz ( 400 kilobars)
total weight 250,444.197 oz or 7.78 tonnes
total weight dealer and customer: 18.708 oz
withdrawals: 0
adjustments:3//comex is in chaos
first 2 customer to dealer
a) Brinks 64,334.151 oz
b)Manfra 64,237,698 oz
d
next //dealer to customer
A) HSBC 179.656 oz
thus basically what comes into eligible is transferred to dealer accounts and then out.
I
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR FEB
FEB HAD A LOSS OF 1213 CONTRACTS TO STAND AT 5841 WE HAD 2296 CONTRACTS SERVED ON WEDNESDAY SO WE GAINED A HUGE 1083 CONTRACTS OR A MONSTER 108,300 OZ QUEUE JUMP OR 3.308TONNES
MARCH HAD A GAIN OF 64 CONTRACTS UP TO 15,199
APRIL HAD A LOSS OF 769 CONTRACTS UP TO 394,504 CONTRACTS
We had 3887contracts filed for today representing 388,700 oz
This is a huge major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and 816 notices issued from their client or customer account. The total of all issuance by all participants equate to 3887 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for FEB /2025. contract month, we take the total number of notices filed so far for the month (64,286x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(5841 CONTRACTS) minus the number of notices served upon today (3887 x 100 oz per contract) equals 6,624,000 OZ OR 206.034TONNES to which we must add our latest 2834 contract exchange for risk TODAY FOR .3114 TONNES TO WHICH WE ADD 18.1413 tonnes ex for risk //NEW EXCHANGE FOR RISK 18.4527 TONNES//NEW TOTAL STANDING 224.4867 TONNES
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (64,286x 100 oz +we add the difference for front month of FEB ( 5841 OI} minus the number of notices served upon today (3887 x 100 oz) which equals 6,624,000oz (195.8690 TONNES + 0.3114tonnes ex for risk/TODAY + 818.1414 tonnes ex for risk PRIOR = 224.4867 tonnes
TOTAL COMEX GOLD STANDING FOR FEB.: 224.4867 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: 2,075,081.256 oz 64.54 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 37,055,805.165 oz
TOTAL REGISTERED GOLD 16,700,593.788 or 519.458tonnes
TOTAL OF ALL ELIGIBLE GOLD: 20,233,159.373 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 14,625,512oz (REG GOLD- PLEDGED GOLD)= 454.914tonnes //
END
SILVER/COMEX
FEB 12
INITIAL
// THE FEB 2025 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1) Brinks 25,847,220oz ii) HSBC 100,093,890 oz total 125,941.119 oz |
| Deposits to the Dealer Inventory | 604,425.34 oz Brinks dealer |
| Deposits to the Customer Inventory | 5 entries i)Brinks 2026.408 oz ii) HSBC 627,400 oz iii) JPM 1,316,114.800 oz iv) Loomis 564,927.400 oz v) Manfra 550,120,241 oz total: 3060,840.249 oz |
| No of oz served today (contracts) | 197CONTRACT(S) (0.985MILLION OZ |
| No of oz to be served (notices) | 74 contracts (0.370 MILLION oz) |
| Total monthly oz silver served (contracts) | 4093 Contracts (20.465 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/
604,425.34 oz Brinks dealer
total 604,425.34 oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits:
5entries
)Brinks 2026.408 oz
ii) HSBC 627,400 oz
iii) JPM 1,316,114.800 oz
iv) Loomis 564,927.400 oz
v) Manfra 550,120,241 oz
total: 3060,840.249 oz
withdrawals 2
1) Brinks 25,847,220oz
ii) HSBC 100,093,890 oz
total 125,941.119 oz
ADJUSTMENTs 0
JPMorgan has a total silver weight: 152,004million oz/375.843million or 40.53%
TOTAL REGISTERED SILVER: 96.193 MILLION OZ//.TOTAL REG + ELIGIBLE. 375.843million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2025 OI: 271 OPEN INTEREST CONTRACTS FOR A LOSS OF 202 CONTRACTS.
WE HAD 269NOTICES FILED ON WEDNESDAY SO WE GAINED 67 CONTRACTS OR WE EXPERIENCED A 335,000 OZ EXCHANGE QUEUE JUMP AS THESE GUYS WILL TRY THEIR LUCK AT THE COMEX TRYING TO OBTAIN PHYSICAL SILVER.
MARCH SAW A LOSS OF 5874 CONTRACTS DOWN TO 90,517THE 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 80 CONTRACTS TO STAND AT 422
MAY SAW A GAIN OF 6342CONTRACTS UP TO 53,651 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 197 or 0.985MILLION oz
CONFIRMED volume; ON WEDNESDAY 87,595 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 4093x 5,000 oz = 20.465 MILLION oz
to which we add the difference between the open interest for the front month of FEB (271) and the number of notices served upon today (197)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 4093 Notices served so far) x 5000 oz + OI for the front month of FEB(271)minus number of notices served upon today (197)x 5000 oz equals silver standing for the FEB contract month equating to 20.835 MILLION OZ.
New total standing: 20,835million 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 13/ WITH GOLD UP 11.00 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 6.901 TONNES FROM THE GLD ///INVENTORY RESTS AT 866.50TONNES
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: 866.500TONNES, TONIGHTS TOTAL
SILVER
FEB 12WITH SILVER DOWN $.03//HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A DEPOSIT OF 1.593 MILLION OZ INTO THE SLV./. //INVENTORY AT SLV RESTS AT 437.401 MILLION OZ
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 438,994 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 and Ukraine
Trump’s surprise détente with Russia is well thought out. The surprise is the speed with which it is being implemented. Zelensky and the EU have been caught off-guard.
| Alasdair MacleodFeb 13∙Paid |
The first thing to know is that with respect to the Ukraine proxy war the Biden administration and NATO establishment were driving opinion by propaganda in defiance of the facts. By pointing out the facts on the ground, seasoned experts such as Professor Jeffrey Sachs, Professor John Mearsheimer, Colonel Douglas Macgregor, and Dr Gilbert Doctorow between them have consistently exposed this propaganda as false.
So what now?
The fact of the matter is that the Biden administration miscalculated, thinking that through a Ukrainian proxy war America could destabilise Russia, overthrow Putin, and presumably face down China on her western and norther borders. Instead, Russia has not only survived the assault but is winning on the battlefield. Trump realises that Russia has no expansionary intentions other than to secure its naval base in Crimea and the Russian-speaking oblasts in Eastern Ukraine. Furthermore, it is crucial for Russia that the rest of Ukraine remains neutral and does not join NATO or the EU.
The art-of-the-deal president realises this. It is not a matter of negotiations over the principles, only the detail. And the speed with which this change in US policy is being implemented will save Ukrainian lives and recognise earlier policy errors. It is commendable.
Meanwhile, the western media, which has been spoon-fed disinformation is having difficulty adjusting to this new reality. But it will, and quite quickly as well, particularly when it gets background briefings from the White House. Other than Zelensky, the Brussels establishment is horrified, and particularly so because they were not even consulted. They have been brutally informed by U.S. Defense Secretary Pete Hegseth that there will be no American troops in Ukraine, and that Europe will have to make its own defence arrangements in future.
Effectively, it forces a reorganisation of priorities for NATO. If NATO is to survive a US withdrawal and to prevent its own redundancy, it will have to find a role coordinating European defence including the UK and EU member states.
These developments are excellent news for Germany and Hungary in particular: Germany because Russian trade will reopen for mutual benefit, and Hungary where Victor Orbán has proved right all along, defying his critics in Brussels. All that needs to follow is for Germany’s free-market AfD to gain power in forthcoming elections on 23 February, and the nonsense which has been so damaging to her economy will be properly addressed and remedied.
Good news for Germany is good news for the EU. It is bad news for the woke socialism and statism of France and Spain. But note: none of this addresses the serious financial problems of the Eurozone. Not does it change the outlook for the dollar. For the latter to happen, Musk’s DOGE will have to be on its way to achieving its mandate of saving at least a trillion dollars in wasteful spending.
4. ANDREW MAGUIRE/LIVE FROM THE VAULT NO 209
—–
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//COFFEE
Citi Warns Arabica Coffee Rally May Have Peaked As Demand Destruction Looms
Thursday, Feb 13, 2025 – 06:55 AM
Arabica coffee futures have recorded a parabolic rally this year due to tightening supplies from top grower Brazil. However, demand may diminish at these record-high prices, potentially capping further price gains.
Citi analyst Arkady Gevorkyan told clients that arabica coffee’s three-month price target and 2025 average price target are around $3.30 per pound. He stated that high-end arabica beans – favored by Starbucks and other top brands – “have likely peaked as demand starts to curtail and supplies replenish.”
Early Wednesday morning, arabica coffee futures in New York peaked around $4.27 a pound after hitting a record $4.295 on Tuesday. Gevorkyan also expects 2025-26 Brazilian arabica supply at 62.6 million bags, down 5 million from the current market year.
However, late last week, Andrea Illy, chairman of Italian roaster Illycaffè SpA, joined Bloomberg TV for an interview in which he warned that Arabica coffee futures could surge another 20–25% in the coming months.
Illy explained that soaring prices would likely lead to demand destruction as consumers are forced to reduce coffee consumption. He added that the rally in arabica futures—currently on its longest upward streak on record—is primarily driven by supply concerns in Brazil and fears that adverse weather conditions could impact the country’s next Arabica harvest.
Besides bean stocks at exchange-monitored warehouses, Illy warned it’s unclear how much supply is available in some of these top-producing countries. He described the situation: “We are navigating this market blind.”
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING THURSDAY MORNING WEDNESDAY NIGHT
SHANGHAI CLOSED DOWN 13.90 PTS OR 0.42%
//Hang Seng CLOSED DOWN 43.55 PTS OR 0.20 %
// Nikkei CLOSED UP 497.77 OR 1,28%//Australia’s all ordinaries CLOSED DOWN 0.55%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2970CHINESE YUAN OFFSHORE CLOSED UP TO 7.3109// Oil DOWNTO 70.45 dollars per barrel for WTI and BRENT DOWN AT 74.21 Stocks in Europe OPENED MOSTLY ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /THURSDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.2970
OFFSHORE YUAN: DOWN TO 7.3109
SHANGHAI CLOSED CLOSED DOWN 13.90 PTS OR 0.42%
HANG SENG CLOSED CLOSED DOWN 497.77 PTS OR 1.25%
2. Nikkei closed UP 497.77 OR 1.25%
3. Europe stocks SO FAR: MOSTLY ALL GREEN
USA dollar INDEX DOWN TO 107.52 EURO RISES TO 1.0421 UP 29 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.336 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 153.82…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP// CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR DOWN this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.4465Italian 10 Yr bond yield DOWN to 3.5044/SPAIN 10 YR BOND YIELD DOWNTO 3.094
3i Greek 10 year bond yield DOWN TO 3.276
3j Gold at $2916.85/Silver at: 32.24 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 3 AND 17/100 roubles/dollar; ROUBLE AT 90.82
3m oil into the 70 dollar handle for WTI and 74 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 153,82 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.336% 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 0.9075 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9438well 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: 4.601 DOWN 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.805 DOWN 3 BASIS PTS/
USA 2 YR BOND YIELD: 4.338 DOWN 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 36.11…
10 YR UK BOND YIELD: 4.5830 UP 7 PTS
10 YR CANADA BOND YIELD: 3.208 UP 3 BASIS PTS
5 YR CANADA BOND YIELD: 2.866 DOWN 1 PTS.
2a New York OPENING REPORT
Futures Flat Ahead Of PPI, Reciprocal Tariff
Thursday, Feb 13, 2025 – 08:21 AM
Futures are flat, Europe’s Stoxx 600 slipped from session highs and the euro gave up an earlier advance against the dollar sparked by hopes for a Ukraine war ceasefire, after President Donald Trump signaled he’s about to announce reciprocal tariffs on trading partners, just as we warned last night he would. As of 8:00am ET, S&P futures are down 0.1% while Nasdaq futures rise by a similar percentage even as Chinese technology stocks saw a dramatic intraday turnaround to finish lower. TSLA is up 2.2% pre-market with the rest of Mag 7 largely unchanged this morning; CSCO rose 6.8% on the back of a higher revenue forecast. Bond yields are 2-3bp lower, while the USD reversed an earlier loss. Commodities are mostly lower: WTI and aluminum are -1.5% and -0.9% lower, respectively. Today, the macro focus will be PPI and any updates on Trump’s reciprocal tariff plan which the president said in a social media post will be announced on Thursday. Futures contracts on the S&P 500 and Nasdaq 100 erased early gains, while
While the main economic event of the day will be the January PPI (expected at 0.3% MoM and 3.3% YoY for both headline and core), traders will be focused instead on the latest front in Trump’s trade war after the president said in a Truth Social post the new levies will be announced on Thursday.
In premarket trading, Apple leads losses for the Mag7 as Tesla shares are up, putting the stock on track to extend gains after snapping a five-session streak of losses( Apple -0.4%, Nvidia, Alphabet, Amazon, Meta Platforms were edging lower, while Tesla +2.3%). Reddit shares tumbled as much as 18% after the social network reported fewer-than-expected daily active users. Jefferies said the user miss raises growth questions. Here are some more premarket movers:
- 10X Genomics shares sink 8.3% in premarket trading after the maker of biological-research equipment forecast revenue for 2025, without accounting for impact from the National Institutes of Health’s decision to put a cap on how much research institutions can charge the government. Analysts trim their price targets citing uncertainty and risks to the firm’s guidance.
- Albemarle shares rise 3.1% in premarket trading after the lithium producer reported adjusted Ebitda for the fourth quarter that was better than Wall Street’s expectations. Analysts also see the firm reaching breakeven free cash flow in 2025.
- Aspen Aerogels shares plunge as much as 34% in US premarket trading after the thermal insulation products maker’s first-quarter guidance fell short of expectations and it refrained from giving a full-year outlook. Analysts said this impacted the company’s visibility, and raised questions over orders from its client General Motors.
- Deere shares fall as much as 8.7% in premarket trading on Thursday as the tractor maker maintained its outlook as a slumping agriculture sector continues to hit farm machinery tractor sales.
- Dutch Bros shares soar 24% in premarket trading after the drive-thru coffee chain’s total revenue forecast for 2025 exceeded analyst estimates. Additionally, the company reported fourth-quarter comparable sales that topped consensus.
- Fastly shares fall as much as 21% in US premarket trading after the infrastructure software company’s outlook for the year disappointed, with analysts pointing to a hit from investments. However, some brokers noted that the guidance could be conservative given it doesn’t include US revenues from customer TikTok.
- HubSpot shares rise as much as 5.7% in premarket trading after the software company reported fourth-quarter results that beat expectations. KeyBanc upgrades the stock saying “there are a few indicators that 2025 could see material upside.”
- Kraft Heinz shares fall 1.3% in premarket trading after BofA downgraded the packaged-food company to underperform from buy, saying its organic sales are trending in the wrong direction.
- MGM Resorts shares jump 9.2% in premarket trading after the gaming and entertainment company reported fourth-quarter adjusted earnings per share that came ahead of estimates.
- Paycom Software shares are up 2.9% in premarket trading, after the company reported fourth-quarter results that beat expectations and gave an outlook analysts see as encouraging. It also named a new CFO.
- Robinhood Markets shares jump 16% in premarket trading after the retail brokerage reported fourth-quarter net revenue that topped expectations, with cryptocurrency revenue soaring as the US election fueled trading in digital assets.
- Target and Macy’s shares fall in premarket trading after Gordon Haskett downgraded the stocks in anticipation of lackluster first-quarter and full-year forecasts from retailers reporting earnings in the coming weeks.
- Trade Desk shares plummet 27% in premarket trading Thursday after the advertising technology company gave a first-quarter forecast that is weaker than expected. It also reported its fourth-quarter results, and said it is “disappointed that we fell short of our own expectations in the fourth quarter.”
- Upwork shares are down 1.4% in premarket trading, after the provider of online recruitment services reported its fourth-quarter results and gave an outlook. While analysts are broadly positive, they note ongoing macro headwinds.
The EUR reversed most of its gains after it climbed earlier as much as 0.6% on optimism that US-Russia talks could end the Ukraine war. Oil fell on speculation that risks to Russian supply may ease (it won’t according to JPM), and Ukraine dollar bonds rose the most among emerging-market peers. On Wednesday, Trump agreed in a phone call with Russian President Vladimir Putin to start negotiating an end to the war in Ukraine. Trump revealed the conversation — his first publicly announced contact with Putin since retaking the US presidency — on social media.
“No concrete announcements, but the market reacted to the fact that discussions are starting,” said Georgios Leontaris, chief investment officer for EMEA at HSBC Global Private Banking. “There is still a long way, there is a lot to talk about. But the fact that the discussions are starting was reflected in the pricing of European assets.”
Aside from tracking developments over tariffs and Ukraine, Wall Street is preparing for a fresh batch of US economic data including initial jobless claims and producer-price inflation. Wednesday’s hot consumer price index numbers forced traders to push out bets on the next Federal Reserve interest-rate cut to December.
“An end to the conflict could eliminate war-related costs, particularly in energy, reduce uncertainty, and potentially boost business confidence and investment—crucial for Europe’s largest economies,” said Susana Cruz, a strategist at Panmure Liberum. “While sectors like defense might face a temporary selloff, this is likely to correct over time, as recent conflicts have underscored the need for increased defense spending.
European markets rose again, on pace for a 4th consecutive record high, as energy prices dropped on optimism about a possible end to the Ukraine war. The Stoxx 600 rose 0.7% and is on course for another record close. UK stocks underperform peers as earnings provide a drag while a stronger than expected GDP print reduced odds of a rate cut. Shares of Unilever, British American Tobacco and Barclays are down after their respective updates. Here are the most notable European movers:
- Nestle shares advance as much as 6.5%, the biggest intraday advance since February 2009, after the food giant reported fourth-quarter sales growth and second-half margin that beat estimates.
- Siemens shares rise as much as 7.3% to a record after the German industrial giant’s 1Q results beat estimates, with analysts encouraged by improving orders for Digital Industries automation products.
- Adyen shares jump as much as 14%, to the highest since August 2022, after the payments company reported net revenue that beat estimates and a better take rate.
- EssilorLuxottica shares rise as much as 3% to a record high after the Ray-Ban maker’s fourth-quarter sales beat estimates thanks to tech-enabled products like smart glasses.
- Legrand shares surge as much as 9%, the most in five years, after the company reported revenue and profits for the full year that beat consensus, with activity strong in North America and data centers.
- Geberit shares gain as much as 3.1% after Berenberg upgraded the Swiss building materials firm to buy from hold, and raised its price target on the stock by almost 20%.
- Thyssenkrupp shares rise as much as 11% after the German steel producer posted what Citi called better-than-expected results, with the firm set to be a key beneficiary of possible Ukrainian peace talks.
- Delivery Hero shares jump as much as 6.8% after the food delivery firm reported FY results ahead of estimates, with growth at other regions offsetting a steeper slump in its core market South Korea.
- Unilever shares drop as much as 6.1% in London, the biggest intraday drop since January 2022, after the consumer goods company’s management flagged a “slow start” to 2025.
- British American Tobacco shares fall as much as 8.5%, the most in more than a year, after the company’s FY25 guidance for revenue growth came in below consensus estimates.
- Neste shares drop as much as 14%, touching the lowest intraday since 2016, after reporting an adjusted net loss, while analysts had been expecting a profit.
- Swisscom shares fall as much as 3.1%, the most since October, after the telecom firm reported a softer 4Q24 in Switzerland despite a strong finish for Fastweb.
Asian stocks headed for a second day of gains as traders largely shrugged off stronger-than-expected US inflation data. Hong Kong shares fell as traders took profit after recent advances. The MSCI Asia Pacific Index rose as much as 1.4% before paring, with Alibaba and SK Hynix among the biggest boosts. Japanese and South Korean stocks were among the best performers in the region. A gauge of Chinese tech shares in Hong Kong erased earlier gains in the session to fall almost 1%, after the index became overbought on optimism for the nation’s artificial intelligence development. Alibaba shares briefly touched the highest level in about three years before pulling back. The positive sentiment in Asia came even as stronger-than-expected US inflation data eroded bets for more Federal Reserve interest-rate cuts this year. Traders were instead focused on US-Russia talks to end the war in Ukraine.
In FX, the Bloomberg Dollar Spot Index falls 0.2%. The pound rose after Britain registered unexpected economic growth at the end of 2024. Gross domestic product rose 0.1% in the fourth quarter, an acceleration from the flat performance in the third quarter. It was better than the 0.1% fall expected by economists and the Bank of England. The euro rises 0.3% and back above $1.04.
In rates, treasuries rose across the curve, a day after their biggest selloff since December, supported by lower oil prices and bigger rally in bunds during European morning. Both markets also drew support from US President Trump’s social media post saying by reciprocal tariffs will be announced Thursday. US yields are 1bp-3bp richer across maturities with the curve flatter, 2s10s and 5s30s spreads each by about 1bp; 10-year near 4.59% trails Germany’s by ~1.5bp. Gilts lag their European counterparts as traders trim their Bank of England interest-rate cut bets after the UK registered unexpected growth at the end of 2024. Treasury coupon auction cycle concludes with $25b 30-year bond sale at 1pm; demand was soft for Wednesday’s 10-year note auction, which tailed by almost 1bp. WI 30-year yield at ~4.795% is ~12bp richer than January’s auction result.
In commodities, WTI crude oil futures are down 1.1% after a 2.7% drop Wednesday while Brent crude futures are also down 1.3% to ~$74 a barrel. European natural gas prices drop ~5%. Spot gold climbs $15 to $2,919/oz.
US economic data calendar includes January PPI and initial jobless claims (8:30am). Fed speaker slate empty for the session.
Market Snapshot
- S&P 500 futures little changed at 6,068.75
- STOXX Europe 600 up 0.3% to 549.61
- MXAP up 0.6% to 185.85
- MXAPJ up 0.1% to 585.72
- Nikkei up 1.3% to 39,461.47
- Topix up 1.2% to 2,765.59
- Hang Seng Index down 0.2% to 21,814.37
- Shanghai Composite down 0.4% to 3,332.48
- Sensex little changed at 76,146.30
- Australia S&P/ASX 200 little changed at 8,539.95
- Kospi up 1.4% to 2,583.17
- German 10Y yield little changed at 2.47%
- Euro up 0.3% to $1.0415
- Brent Futures down 1.0% to $74.46/bbl
- Gold spot up 0.3% to $2,913.74
- US Dollar Index down 0.22% to 107.70
Top Overnight News
- Trump’s Ukraine plans may cost European allies more than $3 trillion over 10 years to protect the country and expand their militaries, Bloomberg Economics said. Regional leaders, blindsided by his call with Vladimir Putin, insisted they shouldn’t be sidelined. BBG
- About 75,000 federal employees — or 3% — signed up for Trump’s voluntary resignation program, falling short of the 5% to 10% the White House hoped for and increasing the probability of deeper mass firings. BBG
- US Senate Budget Committee Chair Graham’s budget proposal could go to the Senate floor sometime the next couple weeks, via Punchbowl citing comments from Senate Majority Leader Thune.
- The EU hopes to avert a damaging trade war with the U.S. over impending metals tariffs by prioritizing negotiations rather than retaliatory countermeasures, EU officials signaled on Wednesday in a meeting to discuss the response to 25% tariffs on steel and aluminum imports. RTRS
- China’s property market shows signs of stabilizing, with land plots in key cities selling at high premiums and policymakers expected to continue supportive measures, the Economic Information Daily reported. BBG
- Japan’s PPI rose a more-than-expected 4.2% year on year in January. The Philippine central bank unexpectedly kept its benchmark rate unchanged, but signaled plans to cut lenders’ reserve requirement ratio in the first half by 200 bps. BBG
- Indian Prime Minister Narendra Modi will come bearing gifts when he meets Donald Trump on Thursday, hoping concessions on tariffs, fresh business deals and the prospect of cooperation on China will win the U.S. president’s favor. RTRS
- Israel is considering a “significant” strike against Iran’s nuclear facilities according to American intelligence assessments, as the IDF looks to capitalize on Tehran’s weakened state. WSJ
- Hamas said it’ll release Israeli hostages per the schedule agreed on under the Gaza ceasefire deal. BBG
- Apple’s iPhones will use Alibaba Group Holding Ltd’s AI technology, affirming reports the e-commerce pioneer had scored a coveted role in helping power the iPhone in the world’s top mobile arena. BBG
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded somewhat mixed albeit with a mostly positive bias among the major indices following the two-way price action across global markets owing to hot US CPI data and geopolitical optimism. ASX 200 touched a record high with advances led by the mining sector following results from South32 and Northern Star. Nikkei 225 climbed on the back of recent currency weakness despite the firmer-than-expected PPI data from Japan. Hang Seng and Shanghai Comp saw mixed price action as the Hong Kong benchmark extended its recent strong upward momentum, while the mainland traded cautiously as participants continued to await Trump’s reciprocal tariffs.
Top Asian News
- PBoC releases Q4 policy implementation report: Will implement appropriately loose monetary policy. Will adjust and optimise policy strength and pace at the appropriate time. Will revitalise stock of financial resources and improve efficiency of capital use. Will give full play to decisive role of markets in formation of exchange rates. Enhance the resilience and stabilise FX market expectations while strengthening market management. Will use policy tools including interest rates and RRR.
- US private equity groups invested billions of dollars in data centres serving ByteDance, according to FT.
- Nissan (7201 JT) 9M Net Profit 5.15bln (-98.4% Y/Y), 2024/25 forecast loss JPY 80bln. Cuts FY operating income to JPY 120bln (prev. JPY 150bln); Sees FY24/25 China sales of 697k (prev. 690k), North America Sales reaffirmed.
European bourses (Stoxx 600 +0.4%) are mostly firmer as market digest the constructive commentary from Trump surrounding the potential of Russia-Ukraine peace talks; though indices have cooled a touch off highs as traders await US PPI and then President Trump who is set to sign executive orders at 18:00 GMT. European sectors hold a strong positive bias, with the clear winners/losers associated with recent remarks out of the US. Energy underperforms given the slump in oil prices, as markets digest comments via Trump who said peace negotiations with Russia is to start “immediately” – this also weighed on the Defense sector; downside which has since pared as traders focus on comments via US Defense Secretary Hagseth who called for higher defence spending.
Top European News
- BoE Chief Economist Pill said he expects further rate cuts but urges caution on cutting interest rates and said the disinflation process is not yet complete, while he added that the BoE wage deal intentions survey shows the job is not done. Pill also commented that US trade tariffs could have substantial effects and the risk of second-round effects from the 2025 inflation hump is lower than after COVID.
- ECB sources “confirm growing confidence in disinflation, partly due to further economic weakness”, via Econostream; ‘I cannot see anything beyond March. Nothing. Nothing at all. Agree that likelihood of inflation going below 2% has risen lately. Market pricing is not unreasonable’ if projections keep materialising”.
- German Economy Ministry Report say noticeable economic recovery is not yet evident at the beginning of the year; still no sign of turnaround in the industrial economy, concerns about job security and ongoing political uncertainties to hinder a recovery.
- French Public Audit Office says debt service payments are set to increase to 3.2% of GDP by 2029, will need to reduce annual spending by EUR 110bln to achieve deficit target of 3% of GDP in 2029.
FX
- DXY is on the backfoot after struggling to hold onto post-CPI gains yesterday. USD faded it’s initial surge to 108.52 after being outmuscled by the EUR in the wake of comments from President Trump that he had a “highly productive” phone call with Russian President Putin, and they agreed to have their respective teams start negotiations immediately. Additionally, Trump’s lack of signing of reciprocal tariffs yesterday has also acted as a headwind for the USD. Albeit, it is worth noting that he is due to sign another round of executive orders at 18:00GMT. Today’s docket includes weekly claims data and PPI.
- EUR is one of the better performers vs. the USD with EUR/USD now up for a fourth session in a row after starting the week out just below the 1.03 mark. Gains stem via Trump refraining from signing reciprocal tariffs, as well as positive developments regarding Russia/Ukraine peace talks. EUR/USD is back above its 50DMA at 1.0396 and eyeing the Feb high at 1.0442.
- JPY is attempting to claw back some of the lost ground vs. the USD which has brought USD/JPY from a 150.92 base last Friday to a peak at 154.80 yesterday. JPY benefits via the softer Dollar as well as firmer-than-expected outturn for Japanese PPI metrics overnight. USD/JPY has been as low as 153.91 today but is still some way above its 200DMA at 152.72 and Wednesday’s low at 152.39.
- GBP is firmer vs. the USD and steady vs. the EUR. Today’s main macro event for the UK has come via a better-than-expected outturn for UK GDP which saw the December M/M print at 0.4% vs. Exp. 0.1%, leaving the Q4 print at 0.1% vs. Exp. -0.1%. As it stands, markets fully price the next cut in June with a total of 55bps of easing seen by year-end. Cable is back above its 50DMA at 1.2472 but sub-the Feb peak at 1.2549.
- Antipodeans are both softer vs. the USD and unable to benefit from the broad-based weakness seen in the dollar as participants still await the touted US reciprocal tariffs. AUD’s exposure to China is currently acting as a greater source of price action as opposed to domestic events.
- PBoC set USD/CNY mid-point at 7.1719 vs exp. 7.3000 (prev. 7.1710).
Fixed Income
- USTs are gradually lifting off the CPI-driven 108-04 WTD trough. As such, USTs find themselves comfortably in the green and around 10 ticks above that mark at best. Ahead, weekly claims prints alongside PPI though the jobs metrics do not coincide with the BLS period. Thereafter, 30yr supply due and in focus after the 10yr tailed by 0.9bps and the b/c came in softer than the prior and six-auction average.
- Bunds are firmer, also picking themselves up from their 132.10 US CPI-driven WTD low. However, and similarly to USTs, they have only managed to lift modestly from this to a current 132.38 session high; with the constructive geopolitical risk tone seemingly preventing a more pronounced move just yet in Europe. On this, some modest pressure was seen around reports in AFP that there is progress towards ending the Gaza truce crisis. Before that, no reaction to unrevised German inflation data or any pronounced follow through from UK data. ECB’s Nagel is due. Bunds currently at the session’s best at 133.43.
- Gilts are firmer, following the above. Gapped lower by nine ticks to a 92.36 low as the benchmark reacted to December/Q4 GDP data. Releases which were stronger than expected across the board and serve to provide the Chancellor with some much needed positive growth news after recent reports around the OBR. The release modestly tempered BoE cut expectations with 50bps no longer priced by September.
- Italy sells EUR 5.75bln vs exp. EUR 4.75-5.75bln 2.70% 2027, 3.15% 2031 & 3.45% 2031 BTP
Commodities
- The weakness in the crude complex continues after retreating yesterday amid reports that US President Trump conducted calls with Russian President Putin and Ukrainian President Zelensky about ending the war. Further downside was seen following reports the parties (Israel/Hamas) have come to an understanding, and the ceasefire agreement will be implemented; this was subsequently denied by Israeli PM Netanyahu’s Office. Brent trades towards the bottom of a USD 74.06-75.05/bbl parameter.
- Spot gold gradually edged higher overnight after rebounding from yesterday’s trough to back above the USD 2,900/oz level, while the recent fluctuations in the precious metal coincided with the swings in the greenback. Spot gold trades in a USD 2,900.54-2,922.88/oz parameter.
- Mixed trade across base metals as traders juggle the Russia-Ukraine market optimism with the looming reciprocal tariffs poised to be announced. 3M LME copper currently resides in a current 9,440.95-9,518.55/t range.
- IEA OMR: raises 2025 world oil demand growth forecast to 1.1mln BPD (prev. 1.05mln BPD). Fresh US sanctions on Russia and Iran roiled markets at the start of the year but they have yet to materially impact global oil supply. Iranian crude oil exports are only marginally lower while Russian flows, so far, continue largely unaffected.
- Russia’s Kremlin says Russian President Putin and US President Trump discussed the energy sector.
Geopolitics: Ukraine
- Ukraine Foreign Minister says NATO membership remains a strategic objective of Ukraine.
- Russia’s Kremlin says sanctions were not discussed on US President Putin and US President Trump’s call, Issue of recognition of Crimea and other territories was not raised on Putin-Trump callContacts will continue with Trump team. Focused on preparing a personal meeting with Trump, will need to wait for a time and place for such meeting.
- Chinese officials in recent weeks have floated a proposal to the Trump team through intermediaries to hold a summit between US President Trump and Russian President Putin and to facilitate peacekeeping efforts in Ukraine after an eventual truce, according to WSJ.
- Germany, France, the UK, the European Commission, and others express readiness to enhance support for Ukraine and commit to its independence, while it was separately reported that UK Defence Minister Healey said it is for Ukraine to decide when to begin negotiations and on what terms.
- Romanian Defence Ministry said radar detected drone breaches of its territory in Russian overnight attack on Ukraine.
Geopolitics: Middle East
- Israeli PM Netanyahu’s Office says the reaching of understandings with Hamas is “Fake-News”, according to Al Arabiya.
- “Al Jazeera sources: A statement will be issued shortly confirming the consensus on the commitment of the parties to implement the ceasefire agreement”, according to Al Jazeera.
- “Israel’s Channel 12 on official sources: After signals we received about Hamas’ commitment to the deal, we are committed to the agreement”, according to Al Jazeera
- US intelligence agencies concluded during the final days of the Biden administration that Israel is considering significant strikes on Iranian nuclear sites this year and is aiming to take advantage of Iran’s weakness, according to WSJ. It was separately reported that Israel is likely to attempt a strike on Iran’s nuclear program in the coming months in a pre-emptive attack that would set back Tehran’s program by weeks or perhaps months, according to Washington Post citing a US intelligence report.
- “AFP quoting a source: Progress towards ending the crisis related to the Gaza truce”, according to Sky News Arabia.
Geopolitics: Other
- South Korea said North Korea is removing a facility at Mount Kumgang meant for meetings between separated families, according to Yonhap.
- US Defence Secretary Hagseth says 2% defence spending is not enough; ultimately 5%/GDP as defence spending is critical.
US Event Calendar
- 08:30: Jan. PPI Final Demand MoM, est. 0.3%, prior 0.2%
- 08:30: Jan. PPI Ex Food and Energy MoM, est. 0.3%, prior 0%
- 08:30: Jan. PPI Final Demand YoY, est. 3.3%, prior 3.3%
- 08:30: Jan. PPI Ex Food and Energy YoY, est. 3.3%, prior 3.5%
- 08:30: Feb. Initial Jobless Claims, est. 216,000, prior 219,000
- 08:30: Feb. Continuing Claims, est. 1.88m, prior 1.89m
DB’s Jim Reid concludes the overnight wrap
Markets saw a moderate selloff yesterday, as an upside surprise for US inflation saw investors price in fewer rate cuts for the rest of the year. However, the news that the US and Russia were set to start negotiations over Ukraine saw those losses pared back, with the Euro spiking and oil prices falling after those headlines came through. But even so, that wasn’t enough to counteract the impact of the CPI report, which featured the strongest monthly print for core CPI since April 2023. In turn, that saw the 10yr Treasury yield (+8.6bps) post its biggest daily jump of 2025 so far, moving up to 4.62%. And it brought back uncomfortable echoes of last year, when a strong January inflation print was then followed by further upside surprises over the rest of Q1.
In terms of the details of the release, headline CPI came in at +0.47% in January (vs. +0.3% expected), which pushed the year-on-year rate up to +3.0% (vs. +2.9% expected). Moreover, there are growing signs that strong print isn’t just a blip, and in the most recent 3 months, CPI was running at an annualised +4.5% pace. Bear in mind that’s the strongest 3m rate since November 2022, so this really isn’t in a zone where the Fed can relax. Meanwhile for core CPI, that came in at +0.45% on the month (vs. +0.3% expected), pushing the year-on-year rate up to +3.3% (vs. +3.1% expected). This pattern of upside surprises in January has been a consistent theme over recent years, which is something Jim looked at in his chart of the day yesterday (link here). It shows how upside surprises for core CPI have been much more likely in H1 than H2, with January seeing the most upside surprises of any month.
With that release in hand, investors became increasingly alarmed about inflation risk, which has already been mounting over recent weeks. That’s been driven by several factors, including higher commodity prices, the prospect of higher tariffs, along with more resilient growth data. Indeed, we put in a note last month (link here) on how we’re currently experiencing the sort of conditions that have historically led to inflation spikes, as you’ve got several long-term forces interacting with more recent inflationary trends. And only yesterday, the 2yr inflation swap rose +3.4bps to 2.83%, which is the highest since March 2023, just before SVB’s collapse and the regional bank turmoil led to fears of another slowdown.
In terms of the Fed, the CPI release saw investors significantly dial back their expectations for rate cuts this year. For instance, the likelihood of a cut by the June meeting was down to just 37% by the close, having been at 59% the previous day. And looking further out, just 28bps of cuts were priced by the December meeting, or in other words, a bit over one 25bp rate cut. Meanwhile, Fed Chair Powell spoke before the House Financial Services Committee, where he said “we’re close, but not there on inflation”, and that “we want to keep policy restrictive for now”. We also heard from Chicago Fed President Goolsbee who said that the latest inflation numbers were “concerning” but that it was “just one month” of data. And Atlanta Fed President Bostic commented that “until we have more clarity” on policy changes by the new administration, “it’s going to be impossible to make a judgment about where our policy should go”.
As investors priced in higher inflation and a more hawkish Fed, US Treasuries sold off sharply across the curve yesterday. That meant the 10yr yield (+8.6pbs) was up to 4.62%, marking its biggest daily jump of 2025 so far. The moves were driven by higher real yields, with the 10yr real yield (+8.7bps) back up to 2.15%. And at the front end of the curve, the 2yr yield was up +7.2bps at 4.35%. Over in Europe it was much the same story, albeit to a lesser extent, with yields on 10yr bunds (+4.7bps), OATs (+3.2bps) and BTPs (+3.1bps) all moving higher. However, yields have reversed slightly overnight, with the 10yr Treasury yield down -1.0bps this morning to 4.61%.
Equities took a hit after the inflation surprise, but those losses had been largely pared back by the close. For instance, the S&P 500 initially fell -1.08% at the open, but was only down -0.27% by the close, which means it’s still only -1.09% beneath its all-time high back in January. However, there was a significant divergence between small-caps and mega-caps, with the small-cap Russell 2000 down -0.87%, whilst the Magnificent 7 only fell -0.18%. And over in Europe there was continued strength, with the STOXX 600 (+0.11%) paring back its post-CPI losses to reach another record high, with records for the FTSE 100 (+0.34%) and the DAX (+0.50%) as well. Looking forward, that equity recovery has continued overnight, with S&P 500 futures currently up +0.24%.
Staying on Europe, there were several headlines regarding Ukraine yesterday, as President Trump had a call with Russian President Putin. Trump said that the two “agreed to have our respective teams start negotiations immediately”, whilst US Defense Secretary Hegseth said that a return to Ukraine’s pre-2014 borders was an “unrealistic objective”, and that the US did not believe “that NATO membership for Ukraine is a realistic outcome of a negotiated settlement.” The prospect of negotiations saw the Euro spike by about half a percent to $1.043 as those headlines came through, whilst Brent crude oil prices fell -2.36% yesterday to $75.18, with the move lower also helped by the weekly EIA data showing a larger-than-expected rise in US crude inventories. European equity futures are also performing strongly this morning, with those on the DAX up +0.94%.
Overnight in Asia, markets have put in a strong performance for the most part, with gains for the Nikkei (+1.47%), the KOSPI (+1.12%) and the Hang Seng (+1.71%). The exception to that has been mainland Chinese equities, where the CSI 300 (-0.09%) and the Shanghai Comp (-0.06%) are both slightly lower. In the meantime, 10yr Japanese government bond yields are up to 1.35% this morning, their highest since 2011. That follows the PPI data for January, which came in above expectations at +4.2% (vs. +4.0% expected), which is its fastest pace since June 2023.
To the day ahead now, and US data releases include the PPI reading for January and the weekly initial jobless claims. Meanwhile in Europe, there’s the UK GDP print for Q4 and Euro Area industrial production for December. Otherwise from central banks, the ECB will publish their Economic Bulletin, and we’ll hear from the ECB’s Cipollone and Nage
B) EUROPEAN REPORT
Crude subdued with continued focus on geopolitics, USD lower into PPI & Executive Orders – Newsquawk US Market Open
Thursday, Feb 13, 2025 – 06:18 AM
- US President Trump did not sign reciprocal tariffs order on Wednesday after stating that he may, while the White House schedule showed President Trump is to sign executive orders on Thursday at 13:00EST/18:00GMT.
- Stocks mostly firmer on constructive geopolitical updates; US futures are mixed ahead of PPI.
- USD softer as markets weigh potential Ukraine peace deal and lack of reciprocal tariffs (so far).
- Bonds attempt to recoup CPI-driven losses into PPI though geopols is capping.
- Crude continues the Russia/Ukraine downside seen in the prior session; reports suggested Israel/Hamas had come to an understanding, but this was subsequently denied by Israeli PM Netanyahu’s Office.
- Looking ahead, US Jobless Claims, PPI, Supply from the US. Earnings from Datadog, Baxter, Deere, Duke Energy, GE Healthcare, PG&E, Coinbase, Draftkings, Applied Materials, Airbnb, Palo Alto, Roku, Wynn.
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TARIFFS
- US President Trump did not sign reciprocal tariffs order on Wednesday after stating that he may, while the White House schedule showed President Trump is to sign executive orders on Thursday at 13:00EST/18:00GMT.
- South Korea is to discuss tariffs on Chinese steel plates on February 20th, according to Yonhap.
- Click for the Newsquawk tariff analysis.
EUROPEAN TRADE
EQUITIES
- European bourses (Stoxx 600 +0.4%) are mostly firmer as market digest the constructive commentary from Trump surrounding the potential of Russia-Ukraine peace talks; though indices have cooled a touch off highs as traders await US PPI and then President Trump who is set to sign executive orders at 18:00 GMT.
- European sectors hold a strong positive bias, with the clear winners/losers associated with recent remarks out of the US. Energy underperforms given the slump in oil prices, as markets digest comments via Trump who said peace negotiations with Russia is to start “immediately” – this also weighed on the Defense sector; downside which has since pared as traders focus on comments via US Defense Secretary Hagseth who called for higher defence spending.
- US equity futures are mixed and trading on either side of the unchanged mark, despite a stronger session in Europe, but ahead of key risks events which include US PPI and President Trump who is set to sign executive orders at 13:00 EST / 18:00 GMT.
- German Cartel Office expresses concerns over Apple (AAPL) app tracking tool.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
Earnings Summary
- Commerzbank (CBK GY) +0.6% ; strong metrics, raised 2027 targets.
- Siemens (SIE GY) +6.5% ; strong results and FY comp. revenue topped expectations.
- thyssenkrupp (TKA GY) +10% ; Q1 loss narrowed and saw improved orders, but cut outlook.
- Unilever (ULVR LN) -6% ; in-line, anticipates a slower start to 2025 with subdued market growth in the near term.
- Barclays (BARC LN) -5% ; headline metrics beat but saw credit impairment charges of GBP 2bln.
- British American Tobacco -8% ; FY rev. miss, highlights GBP 6.2bln Canadian lawsuit.
- Cisco (CSCO) +6% pre-market ; raised its annual forecast, driven by increased AI-related networking investments.
- Robinhood Markets (HOOD) +15% pre-market ; revenue up +115% Y/Y, driven by a +700% jump in cryptocurrency revenue.
FX
- DXY is on the backfoot after struggling to hold onto post-CPI gains yesterday. USD faded it’s initial surge to 108.52 after being outmuscled by the EUR in the wake of comments from President Trump that he had a “highly productive” phone call with Russian President Putin, and they agreed to have their respective teams start negotiations immediately. Additionally, Trump’s lack of signing of reciprocal tariffs yesterday has also acted as a headwind for the USD. Albeit, it is worth noting that he is due to sign another round of executive orders at 18:00GMT. Today’s docket includes weekly claims data and PPI.
- EUR is one of the better performers vs. the USD with EUR/USD now up for a fourth session in a row after starting the week out just below the 1.03 mark. Gains stem via Trump refraining from signing reciprocal tariffs, as well as positive developments regarding Russia/Ukraine peace talks. EUR/USD is back above its 50DMA at 1.0396 and eyeing the Feb high at 1.0442.
- JPY is attempting to claw back some of the lost ground vs. the USD which has brought USD/JPY from a 150.92 base last Friday to a peak at 154.80 yesterday. JPY benefits via the softer Dollar as well as firmer-than-expected outturn for Japanese PPI metrics overnight. USD/JPY has been as low as 153.91 today but is still some way above its 200DMA at 152.72 and Wednesday’s low at 152.39.
- GBP is firmer vs. the USD and steady vs. the EUR. Today’s main macro event for the UK has come via a better-than-expected outturn for UK GDP which saw the December M/M print at 0.4% vs. Exp. 0.1%, leaving the Q4 print at 0.1% vs. Exp. -0.1%. As it stands, markets fully price the next cut in June with a total of 55bps of easing seen by year-end. Cable is back above its 50DMA at 1.2472 but sub-the Feb peak at 1.2549.
- Antipodeans are both softer vs. the USD and unable to benefit from the broad-based weakness seen in the dollar as participants still await the touted US reciprocal tariffs. AUD’s exposure to China is currently acting as a greater source of price action as opposed to domestic events.
- PBoC set USD/CNY mid-point at 7.1719 vs exp. 7.3000 (prev. 7.1710).
- Click for a detailed summary
FIXED INCOME
- USTs are gradually lifting off the CPI-driven 108-04 WTD trough. As such, USTs find themselves comfortably in the green and around 10 ticks above that mark at best. Ahead, weekly claims prints alongside PPI though the jobs metrics do not coincide with the BLS period. Thereafter, 30yr supply due and in focus after the 10yr tailed by 0.9bps and the b/c came in softer than the prior and six-auction average.
- Bunds are firmer, also picking themselves up from their 132.10 US CPI-driven WTD low. However, and similarly to USTs, they have only managed to lift modestly from this to a current 132.38 session high; with the constructive geopolitical risk tone seemingly preventing a more pronounced move just yet in Europe. On this, some modest pressure was seen around reports in AFP that there is progress towards ending the Gaza truce crisis. Before that, no reaction to unrevised German inflation data or any pronounced follow through from UK data. ECB’s Nagel is due. Bunds currently at the session’s best at 133.43.
- Gilts are firmer, following the above. Gapped lower by nine ticks to a 92.36 low as the benchmark reacted to December/Q4 GDP data. Releases which were stronger than expected across the board and serve to provide the Chancellor with some much needed positive growth news after recent reports around the OBR. The release modestly tempered BoE cut expectations with 50bps no longer priced by September.
- Italy sells EUR 5.75bln vs exp. EUR 4.75-5.75bln 2.70% 2027, 3.15% 2031 & 3.45% 2031 BTP
- Click for a detailed summary
COMMODITIES
- The weakness in the crude complex continues after retreating yesterday amid reports that US President Trump conducted calls with Russian President Putin and Ukrainian President Zelensky about ending the war. Further downside was seen following reports the parties (Israel/Hamas) have come to an understanding, and the ceasefire agreement will be implemented; this was subsequently denied by Israeli PM Netanyahu’s Office. Brent trades towards the bottom of a USD 74.06-75.05/bbl parameter.
- Spot gold gradually edged higher overnight after rebounding from yesterday’s trough to back above the USD 2,900/oz level, while the recent fluctuations in the precious metal coincided with the swings in the greenback. Spot gold trades in a USD 2,900.54-2,922.88/oz parameter.
- Mixed trade across base metals as traders juggle the Russia-Ukraine market optimism with the looming reciprocal tariffs poised to be announced. 3M LME copper currently resides in a current 9,440.95-9,518.55/t range.
- IEA OMR: raises 2025 world oil demand growth forecast to 1.1mln BPD (prev. 1.05mln BPD). Fresh US sanctions on Russia and Iran roiled markets at the start of the year but they have yet to materially impact global oil supply. Iranian crude oil exports are only marginally lower while Russian flows, so far, continue largely unaffected.
- Russia’s Kremlin says Russian President Putin and US President Trump discussed the energy sector.
- Click for a detailed summary
NOTABLE DATA RECAP
- UK RICS Housing Survey (Jan) 22.0 vs. Exp. 27.0 (Prev. 28.0, Rev. 26)
- UK GDP Prelim QQ (Q4) 0.1% vs. Exp. -0.1%; YY (Q4) 1.4% vs. Exp. 1.1% (Prev. 0.9%, Rev. 1.0%)
- UK GDP Estimate MM (Dec) 0.4% vs. Exp. 0.10% (Prev. 0.10%); YY (Dec) 1.5% vs. Exp. 1.00% (Prev. 1.00%, Rev. 1.1%); Est 3M/3M (Dec) 0.1% vs. Exp. -0.10% (Prev. 0.00%, Rev. -0.1%)
- Swiss CPI YY (Jan) 0.4% vs. Exp. 0.4% (Prev. 0.6%); MM (Jan) -0.1% vs. Exp. -0.1% (Prev. -0.1%)
- EU Industrial Production YY (Dec) -2.0% vs. Exp. -3.1% (Prev. -1.9%, Rev. -1.8%); Industrial Production MM (Dec) -1.1% vs. Exp. -0.6% (Prev. 0.2%, Rev. 0.4%)
NOTABLE EUROPEAN HEADLINES
- BoE Chief Economist Pill said he expects further rate cuts but urges caution on cutting interest rates and said the disinflation process is not yet complete, while he added that the BoE wage deal intentions survey shows the job is not done. Pill also commented that US trade tariffs could have substantial effects and the risk of second-round effects from the 2025 inflation hump is lower than after COVID.
- ECB sources “confirm growing confidence in disinflation, partly due to further economic weakness”, via Econostream; ‘I cannot see anything beyond March. Nothing. Nothing at all. Agree that likelihood of inflation going below 2% has risen lately. Market pricing is not unreasonable’ if projections keep materialising”.
- German Economy Ministry Report say noticeable economic recovery is not yet evident at the beginning of the year; still no sign of turnaround in the industrial economy, concerns about job security and ongoing political uncertainties to hinder a recovery.
- French Public Audit Office says debt service payments are set to increase to 3.2% of GDP by 2029, will need to reduce annual spending by EUR 110bln to achieve deficit target of 3% of GDP in 2029.
NOTABLE US HEADLINES
- About 75,000 federal workers accepted the Trump administration’s deferred buyout program, according to an official.
- US Senate Budget Committee Chair Graham’s budget proposal could go to the Senate floor sometime the next couple weeks, via Punchbowl citing comments from Senate Majority Leader Thune.
GEOPOLITICS
RUSSIA-UKRAINE
- Ukraine Foreign Minister says NATO membership remains a strategic objective of Ukraine.
- Russia’s Kremlin says sanctions were not discussed on US President Putin and US President Trump’s call, Issue of recognition of Crimea and other territories was not raised on Putin-Trump callContacts will continue with Trump team. Focused on preparing a personal meeting with Trump, will need to wait for a time and place for such meeting.
- Chinese officials in recent weeks have floated a proposal to the Trump team through intermediaries to hold a summit between US President Trump and Russian President Putin and to facilitate peacekeeping efforts in Ukraine after an eventual truce, according to WSJ.
- Germany, France, the UK, the European Commission, and others express readiness to enhance support for Ukraine and commit to its independence, while it was separately reported that UK Defence Minister Healey said it is for Ukraine to decide when to begin negotiations and on what terms.
- Romanian Defence Ministry said radar detected drone breaches of its territory in Russian overnight attack on Ukraine.
MIDDLE EAST
- Israeli PM Netanyahu’s Office says the reaching of understandings with Hamas is “Fake-News”, according to Al Arabiya.
- “Al Jazeera sources: A statement will be issued shortly confirming the consensus on the commitment of the parties to implement the ceasefire agreement”, according to Al Jazeera.
- “Israel’s Channel 12 on official sources: After signals we received about Hamas’ commitment to the deal, we are committed to the agreement”, according to Al Jazeera
- US intelligence agencies concluded during the final days of the Biden administration that Israel is considering significant strikes on Iranian nuclear sites this year and is aiming to take advantage of Iran’s weakness, according to WSJ. It was separately reported that Israel is likely to attempt a strike on Iran’s nuclear program in the coming months in a pre-emptive attack that would set back Tehran’s program by weeks or perhaps months, according to Washington Post citing a US intelligence report.
- “AFP quoting a source: Progress towards ending the crisis related to the Gaza truce”, according to Sky News Arabia.
OTHER
- South Korea said North Korea is removing a facility at Mount Kumgang meant for meetings between separated families, according to Yonhap.
- US Defence Secretary Hagseth says 2% defence spending is not enough; ultimately 5%/GDP as defence spending is critical.
CRYPTO
- Bitcoin is little moved and holds around USD 96k; Ethereum sees modest gains.
APAC TRADE
- APAC stocks traded somewhat mixed albeit with a mostly positive bias among the major indices following the two-way price action across global markets owing to hot US CPI data and geopolitical optimism.
- ASX 200 touched a record high with advances led by the mining sector following results from South32 and Northern Star.
- Nikkei 225 climbed on the back of recent currency weakness despite the firmer-than-expected PPI data from Japan.
- Hang Seng and Shanghai Comp saw mixed price action as the Hong Kong benchmark extended its recent strong upward momentum, while the mainland traded cautiously as participants continued to await Trump’s reciprocal tariffs.
NOTABLE ASIA-PAC HEADLINES
- PBoC releases Q4 policy implementation report: Will implement appropriately loose monetary policy. Will adjust and optimise policy strength and pace at the appropriate time. Will revitalise stock of financial resources and improve efficiency of capital use. Will give full play to decisive role of markets in formation of exchange rates. Enhance the resilience and stabilise FX market expectations while strengthening market management. Will use policy tools including interest rates and RRR.
- US private equity groups invested billions of dollars in data centres serving ByteDance, according to FT.
- Nissan (7201 JT) 9M Net Profit 5.15bln (-98.4% Y/Y), 2024/25 forecast loss JPY 80bln. Cuts FY operating income to JPY 120bln (prev. JPY 150bln); Sees FY24/25 China sales of 697k (prev. 690k), North America Sales reaffirmed.
DATA RECAP
- Japanese Corp Goods Price MM (Jan) 0.3% vs. Exp. 0.3% (Prev. 0.3%, Rev. 0.4%)
- Japanese Corp Goods Price YY (Jan) 4.2% vs. Exp. 4.0% (Prev. 3.8%, Rev. 3.9%)
- New Zealand Inflation Forecast 1 Yr (Q1) 2.15% (Prev. 2.05%)
- New Zealand Inflation Forecast 2 yrs (Q1) Q1 2.06% (Prev. 2.12%)
C ASIAN REPORT
Geopolitics in the driving seat ahead of US data – Newsquawk Europe Market Open
Thursday, Feb 13, 2025 – 01:18 AM
- APAC stocks traded somewhat mixed albeit with a mostly positive bias among the major indices following the two-way price action across global markets owing to hot US CPI data and geopolitical optimism.
- US President Trump posted on Truth that he had a lengthy and highly productive phone call with Russian President Putin, and they agreed to have their respective teams start negotiations immediately. Trump then said he spoke to Ukrainian President Zelensky and the conversation went very well.
- US President Trump did not sign reciprocal tariffs order on Wednesday after stating that he may, while the White House schedule showed President Trump is to sign executive orders on Thursday at 13:00EST/18:00GMT.
- Fed Chair Powell offered a note of caution on the latest CPI reading and said the Fed targets PCE inflation, which is a better measure, and stated they will know what PCE readings are late on Thursday after the PPI data.
- European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up by 1.1% after the cash market closed with gains of 0.3% on Wednesday.
- Looking ahead, highlights include German Final CPI, UK GDP Estimate and Services, Swiss CPI, US Jobless Claims, PPI, IEA OMR, Supply from Italy & US, Comments from ECB’s Cipollone.
- Earnings from Datadog, Baxter, Deere, Duke Energy, GE Healthcare, PG&E, Coinbase, Draftkings, Applied Materials, Airbnb, Palo Alto, Roku, Wynn, Siemens, Delivery Hero, Commerzbank, Nestle, Orange, British American Tobacco, Unilever, Barclays & Moncler.
SNAPSHOT
LOOKING AHEAD
- Highlights include German Final CPI, UK GDP Estimate and Services, Swiss CPI, US Jobless Claims, PPI, IEA OMR, Supply from Italy & US, Comments from ECB’s Cipollone,
- Earnings from Datadog, Baxter, Deere, Duke Energy, GE Healthcare, PG&E, Coinbase, Draftkings, Applied Materials, Airbnb, Palo Alto, Roku, Wynn, Siemens, Delivery Hero, Commerzbank, Nestle, Orange, British American Tobacco, Unilever, Barclays & Moncler.
- Click for the Newsquawk Week Ahead.
US TRADE
EQUITIES
- US stocks finished mixed with two-way price action seen as firmer-than-expected CPI data initially sparked a broad-based hawkish reaction which underpinned the dollar and weighed on treasuries and stock index futures.
- However, the moves in the greenback and stocks were then pared throughout the session with the NDX closing in the green and DXY flat but Treasuries held on to their weakness, with the reversals facilitated by the more positive Russia-Ukraine rhetoric after US President Trump spoke to both Russian President Putin and Ukrainian President Zelensky, separately, about ending the war.
- SPX -0.27% at 6,052, NDX +0.12% at 21,719, DJIA -0.50% at 44,369, RUT -0.87% at 2,256
- Click here for a detailed summary.
TARIFFS
- US President Trump did not sign reciprocal tariffs order on Wednesday after stating that he may, while the White House schedule showed President Trump is to sign executive orders on Thursday at 13:00EST/18:00GMT.
- White House Press Secretary responded that she believes reciprocal tariff will come before Indian PM Modi’s visit on Thursday and she will let the President discuss details on the reciprocal tariffs front.
- US House speaker Johnson said he believes the White House is considering exemptions to reciprocal tariffs including autos and pharmaceuticals.
- South Korea is to discuss tariffs on Chinese steel plates on February 20th, according to Yonhap.
NOTABLE HEADLINES
- Fed Chair Powell said they want to see more progress on inflation and did not see much progress on core inflation last year but have the luxury of being able to wait for that, given a strong economy. Furthermore, he offered a note of caution on the latest CPI reading and said the Fed targets PCE inflation which is a better measure, and stated they will know what PCE readings are late on Thursday after the PPI data.
- Fed’s Goolsbee (2025 voter) said if they have multiple months like this on CPI, then the job is clearly not done and the latest inflation read is “sobering” while he also said the inflation data is concerning but added it is just one month.
- Fed’s Bostic (2027 voter) said the labour market is performing incredibly well and the latest inflation numbers show careful monitoring is still needed. Bostic stated if the economy evolves as expected, could get to 2% inflation in early 2026 and at that point would want to be close to neutral with neutral likely around 3.0%-3.5%, while he added that perhaps they could get further towards neutral this year but is less confident when on the next step will come. Bostic also stated that patience suggests the next cut will happen later in order to have time to get more information and he would not be comfortable moving again on rates until there is more clarity on the direction of the economy.
- US House Speaker Johnson believes Republicans will have the votes to pass the newly unveiled budget resolution.
- About 75,000 federal workers accepted the Trump administration’s deferred buyout program, according to an official.
APAC TRADE
EQUITIES
- APAC stocks traded somewhat mixed albeit with a mostly positive bias among the major indices following the two-way price action across global markets owing to hot US CPI data and geopolitical optimism.
- ASX 200 touched a record high with advances led by the mining sector following results from South32 and Northern Star.
- Nikkei 225 climbed on the back of recent currency weakness despite the firmer-than-expected PPI data from Japan.
- Hang Seng and Shanghai Comp saw mixed price action as the Hong Kong benchmark extended its recent strong upward momentum, while the mainland traded cautiously as participants continued to await Trump’s reciprocal tariffs.
- US equity futures eked mild gains after having recovered from post-CPI lows but with the upside limited as attention turns to PPI.
- European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up by 1.1% after the cash market closed with gains of 0.3% on Wednesday.
FX
- DXY ultimately weakened after the prior day’s fluctuations despite the initial boost following the firmer-than-expected US CPI report. The data sparked a broad hawkish reaction although the moves were gradually reversed as market focus turned to the positive geopolitical updates regarding Russia and Ukraine following a phone call between US President Trump and Russian President Putin where they agreed to start negotiations to end the war and was then followed by a call between Trump and Ukrainian President Zelensky. Furthermore, attention was also on Fed Chair Powell’s testimony which offered little new by way of monetary policy or the economy, although he did touch on January’s CPI report and stated they are still not there on inflation.
- EUR/USD extended on its recent rebound against the dollar and reclaimed the 1.0400 handle with the single currency underpinned by optimism regarding the Russia-Ukraine war.
- GBP/USD remained firmer and climbed to just shy of the 1.2500 handle heading into the latest UK GDP data.
- USD/JPY took a breather above the 154.00 level after yesterday’s advances which coincided with higher US yields, while upward momentum was capped overnight following the firmer-than-expected Japanese PPI data.
- Antipodeans gained but with the upside capped as participants still await the touted US reciprocal tariffs, while the latest New Zealand inflation expectations were mixed and had little effect on the current market pricing of a coin flip between a 25bps or 50bps cut to the OCR from the current 4.25% level at next week’s RBNZ meeting.
- PBoC set USD/CNY mid-point at 7.1719 vs exp. 7.3000 (prev. 7.1710).
- BoC Minutes stated the Governing Council agreed a protracted trade conflict with the US would permanently cut the level of Canadian GDP and agreed that in this case, Canadian GDP growth would be reduced until the economy adjusted to tariffs. BoC Minutes also stated that even if no tariffs were imposed, the GC felt a long period of uncertainty would almost certainly damage business investment.
FIXED INCOME
- 10yr UST futures attempted to nurse some of the recent losses after slumping beneath the 109.00 level in reaction to the firmer-than-expected US CPI data and with demand contained following the soft 10yr auction stateside.
- Bund futures partially clawed back some lost ground but remained firmly beneath the 133.00 level after global yields climbed on the back of the hot US inflation data, while prices were also not helped after recent bund supply.
- 10yr JGB futures languished near contract lows after declining in tandem with global peers and following firmer-than-expected Japanese PPI.
COMMODITIES
- Crude futures remained pressured after retreating yesterday amid reports that US President Trump conducted calls with Russian President Putin and Ukrainian President Zelensky about ending the war.
- Spot gold gradually edged higher after rebounding from yesterday’s trough to back above the USD 2,900/oz level, while the recent fluctuations in the precious metal coincided with the swings in the greenback.
- Copper futures eventually extended on recent advances amid the mostly constructive risk environment.
- Polish EU Presidency said EU member states are determined to protect the European steel and aluminium sector against possible market destabilisation.
CRYPTO
- Bitcoin was ultimately pressured and eventually slipped beneath the USD 97,000 level.
- ECB’s Nagel said Bitcoin is not the kind of liquid thing you want on your balance sheet and should be very cautious.
NOTABLE ASIA-PAC HEADLINES
- US private equity groups invested billions of dollars in data centres serving ByteDance, according to FT.
DATA RECAP
- Japanese Corp Goods Price MM (Jan) 0.3% vs. Exp. 0.3% (Prev. 0.3%, Rev. 0.4%)
- Japanese Corp Goods Price YY (Jan) 4.2% vs. Exp. 4.0% (Prev. 3.8%, Rev. 3.9%)
- New Zealand Inflation Forecast 1 Yr (Q1) 2.15% (Prev. 2.05%)
- New Zealand Inflation Forecast 2 yrs (Q1) Q1 2.06% (Prev. 2.12%)
GEOPOLITICS
RUSSIA-UKRAINE
- US President Trump posted on Truth that he had a lengthy and highly productive phone call with Russian President Putin and they agreed to have their respective teams start negotiations immediately, while he will begin by calling Ukrainian President Zelensky. Trump said they discussed Ukraine, the Middle East, energy, AI, the power of the dollar, and various other subjects, while they agreed to work together, very closely, including visiting each other’s countries. Furthermore, Trump asked Secretary of State Rubio, CIA Director Ratcliffe, National Security Advisor Waltz, and Ambassador and Special Envoy Steve Witkoff, to lead the negotiations which Trump strongly feels will be successful.
- US President Trump posted on Truth that he spoke to Ukrainian President Zelensky and the conversation went very well, while he added that Zelensky like Putin, wants to make peace.
- US President Trump thinks they are on the way to peace with Russia and Ukraine, while he added that Putin wants to see the war end as well and he expects to ultimately meet with Putin, probably in Saudi Arabia. Trump added that he doesn’t think it is practical for Ukraine to have NATO membership and it is unlikely Ukraine will get all its land back. Furthermore, Trump said US Treasury Secretary Bessent is going to Ukraine to make sure they get money back and noted that he is backing Ukraine but wants security for their money.
- Russia’s Kremlin confirmed President Putin and US President Trump held a phone call in which they discussed the Middle East, Ukraine, and bilateral relations, while Putin invited Trump to meet him in Moscow. Russia’s Kremlin earlier stated that Russia will never discuss swapping Ukrainian territory it controls, or the area Ukraine holds in the Kursk region, and that Ukrainian forces will be driven out of Kursk.
- Ukrainian President Zelensky’s office said Zelensky had a call with US President Trump and the call lasted about an hour, while Zelensky said he had a meaningful call with Trump and talked about opportunities to achieve peace. Furthermore, they discussed the preparation of a new document on security, economic cooperation and resource partnership.
- Chinese officials in recent weeks have floated a proposal to the Trump team through intermediaries to hold a summit between US President Trump and Russian President Putin and to facilitate peacekeeping efforts in Ukraine after an eventual truce, according to WSJ.
- Germany, France, the UK, the European Commission, and others express readiness to enhance support for Ukraine and commit to its independence, while it was separately reported that UK Defence Minister Healey said it is for Ukraine to decide when to begin negotiations and on what terms.
- Polish Foreign Minister said Poland will continue unwavering support for Ukraine and reinforce sanctions before potential talks with Russia.
- Romanian Defence Ministry said radar detected drone breaches of its territory in Russian overnight attack on Ukraine.
MIDDLE EAST
- Israel conveyed a message to Hamas that if they abide by the agreement and release the three hostages on Saturday, Israel will also continue to implement the agreement for its part, according to Axios citing an Israeli official.
- US intelligence agencies concluded during the final days of the Biden administration that Israel is considering significant strikes on Iranian nuclear sites this year and is aiming to take advantage of Iran’s weakness, according to WSJ.It was separately reported that Israel is likely to attempt a strike on Iran’s nuclear program in the coming months in a preemptive attack that would set back Tehran’s program by weeks or perhaps months, according to Washington Post citing a US intelligence report.
- US President Trump’s hostage envoy Boehler said Iran has Americans, while the White House said President Trump’s red line is not letting Iran have nuclear capabilities.
OTHER
- South Korea said North Korea is removing a facility at Mount Kumgang meant for meetings between separated families, according to Yonhap.
EU/UK
NOTABLE HEADLINES
- BoE Chief Economist Pill said he expects further rate cuts but urges caution on cutting interest rates and said the disinflation process is not yet complete, while he added that the BoE wage deal intentions survey shows the job is not done. Pill also commented that US trade tariffs could have substantial effects and the risk of second-round effects from the 2025 inflation hump is lower than after COVID.
- ECB’s Nagel said the closer they get to a neutral rate, the more appropriate it is to take a gradual approach, while he added the limits of the neutral rate concept are clear and it is risky to base policy decisions mainly on R-star estimates. Furthermore, Nagel said spillovers from the economy could mean inflation falls below their target, but it is not a high probability scenario.
DATA RECAP
- UK RICS Housing Survey (Jan) 22.0 vs. Exp. 27.0 (Prev. 28.0, Rev. 26)
3B NORTH KOREA/SOUTH KOREA
end
3C JAPAN
end
3D. CHINA/
CHINA /
END
END
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
GERMANY
Muslim Afghan drives a car through a crowd in Munich injury 20 with 2 in critical condition including a baby
(JerusalemPost0
Car drives into crowd in Munich, at least 20 wounded
The police statement added that the driver was detained on site and currently poses no further danger.
By MATHILDA HELLERFEBRUARY 13, 2025 11:53Updated: FEBRUARY 13, 2025 13:32
At least 20 people were wounded after a Mini Cooper drove into a group of people in the German city of Munich, German media reported on Thursday.
BILD reported that at least two are in serious condition, and a child is in critical condition. An eyewitness also told BILD that the car had rammed a woman with a child and that the “mother and child were lying under the car.”
Munich’s mayor Dieter Reiter told BILD that the police chief has informed him that many people were injured, including children. He said he was “deeply shocked.”
Munich Police said that a major police operation in the area of Dachauer Street and Seidl Street was currently underway. The police statement added that the attacker – identified by BILD as a 26 year old Afghan – was detained on-site and currently poses no further danger.
The attack occurred during the ‘Verdi strike,’ which was called by the Verdi trade union as part of the ongoing wage dispute.
Eyewitnesses reported seeing two men involved in the attack, and also hearing shots being fired before the driver of the car was detained.
Police have yet to determine whether the man drove into the crowd deliberately or confused the accelerator and brake. Eyewitnesses said the attack appeared deliberate.
German security
The Munich Security Conference is to start on Friday and senior officials, including US Vice President JD Vance and Ukrainian President Volodymyr Zelenskiy, were arriving later on Thursday.
The incident occurred around 1.5 kilometers (1 mile) from the security conference venue.
In a past German attack back in December 2024, six people were killed, and over 200 were wounded after a man drove his car into a German Christmas market.
This is a developing story.
END
European Leaders Freaking Out Over Trump-Putin Summit: ‘Dirty Deal’ For Ukraine
Thursday, Feb 13, 2025 – 10:10 AM
European leaders are freaking out at the speed at which Presidents Trump and Putin are headed toward a summit to talk Ukraine peace, following their 90-minute Wednesday phone call, the first known contact between the two since Trump took office.
Zelensky too is loudly demanding that nothing be agreed to without Ukraine’s direct representation and input. He has also asserted that in any negotiations to end the war, Kiev’s European allies must be at the table. Reuters has characterized a “scramble” to get a seat. Defense Secretary Hegseth’s Ukraine bombshell of ruling out future NATO membership in statements yesterday have also left the Europeans reeling.
There’s also Trump’s blunt Monday words to Fox wherein he said of Ukraine, “They may be Russian someday, or they may not be Russian someday.” The hits keep coming and without doubt European officials are on anxiously on edge over what Trump might say next.
“European leaders warned the United States on Thursday against sealing a Ukraine peace deal with Russia behind their backs as they scrambled for a seat at the table after Donald Trump spoke to Vladimir Putin and announced the start of negotiations,” the fresh Reuters report indicates.
One would think that simply ending the killing would be prime and paramount, instead of shouting accusations of Trump supposedly going behind the Europeans’ backs. Instead, we get statements like this: “It is clear that any deal behind our backs will not work. Any agreement will need also Ukraine and Europe being part of it,” European Union foreign policy chief Kaja Kallas said.
“Why are we giving them (Russia) everything that they want even before the negotiations have been started?” Kallas posed amid a meeting NATO defense ministers with Ukrainian offials in Brussels. “It’s appeasement. It has never worked.”
“Any quick fix is a dirty deal,” said Kallas. And France too is warning against “peace through weakness”. Lithuania’s military too has said Europe must not “under the illusion that Mr. Trump and Mr. Putin are going to find the solution for all of us,” according to Defense Minister Dovile Sakaliene.
A fresh FT report also sounds the alarm, with the Europeans worried over what Trump will extract from them:
More than half a dozen senior European officials told the Financial Times they expected the US president to tell them they must pay for Ukrainian reconstruction and deploy troops there to maintain a peace deal in which they would not be involved.
“The Americans don’t see a role for Europe in the big geopolitical questions related to the war. It’s going to be a real test of unity,” said one senior EU official. “Trump sees us as money. And frankly we haven’t been clear on what our seat at the table would look like in exchange for that money.”
A Wednesday night statement produced by Germany, France, the UK and other European allies said, “We want to discuss the way forward with our American allies . . . Ukraine and Europe must be involved in any negotiations.”
They are also angry that Washington already gave Moscow a major concession before peace talks even begin: taking NATO membership off the table. However, it’s long been clear to all that this is a non-starter for Putin, and chief cause of the war, so White House strategy appears that it had to ‘go big’ just to ensure that talks could get started fast.
‘American troops will die’ – Zelensky fearmongers, suggesting Russia will invade Europe next…
‘American troops will die’ — Zelensky fearmongers Trump of an imaginary Russian attack on Europe https://t.co/YFlVKEbkN0 pic.twitter.com/NrCxGH99QY— RT (@RT_com) February 13, 2025
“It is unfortunate… that Trump has already made public concessions to Putin before negotiations have even begun,” Germany’s defense minister Boris Pistorius said Thursday.
“It would have been better to talk about Ukraine’s possible Nato membership first at the negotiating table,” he said from Brussels. “Putin is constantly provoking the west and attacking us again. It would be naive to believe the threat would actually diminish after such a peace agreement.”
Meanwhile the Munich Security Conference kicks off Friday, which will include the attendance of US vice-president JD Vance and the president’s Ukraine envoy, Keith Kellogg. The Ukrainians and European allies are hoping to get more immediate clarity from Vance on the way forward.
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HAMAS
Police, Shin Bet thwart car-ramming, shooting attack by Hamas supporters
The two men were plotting an attack on civilians and security forces, and both expressed support for Hamas following the October 7 massacre.
By JERUSALEM POST STAFFFEBRUARY 13, 2025 10:54Updated: FEBRUARY 13, 2025 12:56
Israel Police and the Shin Bet (Israel Security Agency) thwarted a planned car-ramming and shooting attack by two Israeli-Arab citizens from Zemer and Kalansuwa, the two agencies announced in a joint statement on Thursday morning.
The investigation found that the men planned multiple attacks, among which were a car ramming, a shooting at a military facility, and a shooting attack targeting IDF troops or civilians.
The two citizens, aged 18-21, both expressed support for Hamas following the October 7 massacre.
Covert investigation
One of the suspects collected materials to manufacture Molotov cocktails and carried out experiments to produce explosives intended to detonate on a bus transporting IDF troops, the two organizations added.
The revelation came as a result of a covert investigation by the Crime Fighting Unit (YALAP) in the Sharon Subdistrict and the Shin Bet.
The detention of the two suspects has been prolonged, the police and Shin Bet said.
ISRAEL/IRAN
Israel considering striking Iranian nuclear sites in next six months- report
A report by the Wall Street Journal shows Israel may be planning major strikes on Iran’s nuclear sites this year, seeking potential US backing under the Trump administration.
By JERUSALEM POST STAFF, MATHILDA HELLERFEBRUARY 13, 2025 00:58Updated: FEBRUARY 13, 2025 08:26
An American intelligence assessment determined that Israel may be considering strikes on Iran’s nuclear facilities this year, the Wall Street Journal and the Washington Post reported Wednesday night.
The Washington Post was more specific, claiming Israel plans to attempt a strike on Iran’s Fordow and Natanz nuclear facilities in the first six months of 2025.
The two articles are based off a report produced by the intelligence directorate of the Joint Chiefs of Staff and the Defense Intelligence Agency, published in January. The assessment, conducted during the final days of the Biden administration, claims that Israel has been considering large-scale strikes on Iranian nuclear sites, with the aim of exploiting Iran’s weaknesses.
The WSJ also reported that Israel is expected to urge the current administration to back the idea, as US President Donald Trump is seen as someone who could potentially join the strikes.
Last week, Trump signed a national-security memorandum regarding his policy of “maximum pressure” on Iran. While he did not exclude the possibility of Israeli strikes on Iran, he showed preference for a diplomatic method first.
“Reports that the United States, working in conjunction with Israel, is going to blow Iran into smithereens, ARE GREATLY EXAGGERATED,” he wrote last week on Truth Social.
US military sources told the WSJ that American support, including in the form of weapons, would prove essential for Israel to successfully carry out such attacks.
The Washington Post lays out two possible attacks: one, a distance attack, known as a standoff strike, which involves the launching of air-launched ballistic missiles, or ALBMs, outside of Iranian airspace; the second, arguably riskier option, involves Israeli air craft entering Iranian airspace, flying near the nuclear sites and dropping BLU-109s, a type of bunker buster.
Notably, the sale of guidance kits for BLU-109s to Israel was approved by the Trump administration last week.
Iran continues to grow its nuclear capabilities
Additionally, it was reported that Israel is concerned about the time frame as the opportunity to stop Iran’s nuclear capabilities shrinks.
However, the Washington Post added that the intelligence assessment found that an Israeli attack on Iran’s nuclear facilities would – in the best case scenario – only set Tehran back by months, or maybe even weeks. It also suggested that such strikes would propel Iran to pursue weapons-grade enrichment of uranium.
The report stated that the Prime Minister’s Office did not respond to the allegations, nor did the IDF spokesman.
Trump recently stated that he would prefer to sign a deal with Iran that renders it non-nuclear rather than attack the Islamic Republic in an interview with the New York Post.
“I would like a deal done with Iran on non-nuclear. I would prefer that to bombing the hell out of it,” the president was cited as saying.
“They don’t want to die. Nobody wants to die,” he added.
Echoing these sentiments, former Israeli national security advisor Yakov Amidror told WSJ that Israel would be better served by a new deal in which Iran agrees to dismantle its nuclear program.
If this fails, “Israel will have to act against the nuclear project of Iran,” he added.
ISRAEL//HAMAS
Source to ‘Post’: Israel ‘optimistic’ that hostage deal can be continued
Hamas confirmed its commitment to the continuation of the hostage-ceasefire deal in a statement on Telegram.
By AMICHAI STEIN, JERUSALEM POST STAFFFEBRUARY 13, 2025 02:53Updated: FEBRUARY 13, 2025 13:08
Israel is optimistic that the hostage deal can be continued and that the next release of hostages can be achieved on Saturday, a source with knowledge told The Jerusalem Post on Thursday.
The Post learned on Thursday that Israeli ministers were insistent on “upholding the agreements as they are.”
Later on Thursday, Hamas confirmed its commitment to the continuation of the hostage-ceasefire deal in a statement on Telegram.
“Hamas confirms its continued position to implement the agreement in accordance with what was signed” and “the specified timetable,” the Hamas statement read.
The Prime Minister’s spokesperson refuted Thursday reports made by Al Jazeera, noting the claims regarding Israel providing ready-made homes to the Gaza Strip were false.
“No caravans or heavy machinery have been brought into the Gaza Strip, and no coordination for such entry exists.Additionally, in accordance with the agreement, no goods are being brought into the Gaza Strip through the Rafah crossing,” the spokesperson said.
An Israeli official told the Post that the images of caravans and tractors that were circulating were from Egyptian territory. No such tools could be entered from the Rafah Crossing, the official noted, adding that there was no Israeli agreement to allow such tools to enter Gaza.
Reuters reported that mediators had received a commitment from both parties that the implementation of the hostage deal would be achieved.
Earlier on Thursday, the Saudi news outlet Asharq reported, citing a source familiar with the matter, that Hamas is ready to commit to the continuation of the hostage deal and the sixth hostage release on Saturday.
The terror group “confirmed to Egyptian officials its commitment to the agreement” and the release of hostages on Saturday, the source was cited as saying.
The report claimed that Hamas conditioned this step in exchange for Israel “bringing in [to the Gaza Strip] caravans, tents, fuel, heavy equipment, medicines, hospital renovation materials.”
Hamas says it will not release ‘all’ hostages on Saturday
On Wednesday evening, senior Hamas spokesperson Sami Abu Zuhri spoke to Al Jazeera that Hamas was “committed” to implementing the previously agreed schedule of the hostage deal and that they would not release “all” Israeli hostages on Saturday.
Earlier on Wednesday, Israeli Defense Minister Israel Katz warned that if Hamas does not release the Israeli hostages by Saturday, “all hell will break loose.”
James Genn contributed to this report.
end
HAMAS/ISRAEL//
Hamas says it will release hostages as planned; PM’s office implies gaps remain over deal
Channel 12 news reports that it is expected that Hamas will release living hostages on Saturday if the hostage-ceasefire deal holds.
The report comes after Israel put out a series of conflicting statements in recent days, including by Prime Minister Benjamin Netanyahu, which said Hamas must release “our hostages,” “9 hostages,” and “all of them” for the ceasefire to continue.
In Gaza, Shin Bet chief says forces ready to escalate if hostage deal with Hamas collapses
Shin Bet chief Ronen Bar is seen in the Gaza Strip, February 13, 2025. (Shin Bet)
Shin Bet chief Ronen Bar, during a tour of the Gaza Strip today with the head of the security agency’s southern district, says forces are prepared for an escalation if the hostage deal with Hamas collapses.
The pair held an assessment and met with IDF and Shin Bet officers deployed there, the agency says.
In remarks provided by the Shin Bet, Bar says that alongside efforts to complete the hostage release deal with Hamas, “the forces on the ground are at a high level of readiness to deal with various scenarios, including preparations for an escalation in the area.”
PM’s spokesman implies gaps remain over deal: ‘There is no entry of mobile homes, heavy equipment into Gaza’
By Lazar Berman FollowToday, 1:03 pm
Trucks carrying WHO (World Health Organization) aid prepare to cross a checkpoint on Salah al-Din road in al-Mughraqa in the central Gaza Strip, on February 13, 2025 (Eyad BABA / AFP)
A spokesman for Prime Minister Benjamin Netanyahu says that mobile homes and heavy equipment are not entering Gaza, after Hamas said it would continue with the release of hostages after an agreement had been reached on aid entering the Strip.
According to Al Jazeera, mobile homes and heavy equipment will be allowed into the Strip today. Hamas has been protesting that Israel was blocking their entry and said earlier today that talks to get the ceasefire-hostage deal back on track had included discussions on a number of specific items, including the homes and equipment.
Al Jazeera broadcast images of trucks waiting to enter Gaza, apparently carrying mobile homes and earth-moving equipment.
However, the Prime Minister’s Office issues a denial, saying the Al Jazeera report is “fake news” and “there is no basis” to it.
Netanyahu’s spokesman Omer Dostri follows up with a clarification that “there is no entry of mobile homes or heavy equipment into Gaza, and there is no coordination for it.”
He adds that, in accordance with the agreement, no goods are moving through the Rafah crossing into Gaza. It is unclear why he mentions Rafah. Aid trucks are in fact using the Kerem Shalom entry point pending completion of maintenance and repair work at the Rafah border crossing into southern Gaza from Egypt.
Hamas announced today that it will carry out its obligations and release hostages according to the previously agreed-on timeline, after saying earlier this week that it was freezing releases until further notice.
end
WEST BANK/ ISRAEL
IDF West Bank operations: Over 90 terrorists apprehended over the last week
Border Police officers from Jerusalem operated in Ramallah to arrest a wanted terrorist. And the Egoz Unit located a rigged vehicle and dismantled it.
By JERUSALEM POST STAFFFEBRUARY 13, 2025 15:31Updated: FEBRUARY 13, 2025 15:54
Over the last week, the Israeli security forces apprehended over 90 terrorists during operations in the West Bank over the last week, the military announced on Thursday.
The forces also dismantled dozens of explosives and questioned hundreds of individuals suspected of terrorist activity. Twelve weapons and 50 illegal vehicles were confiscated.
On Thursday morning, the Egoz Unit located a rigged vehicle and dismantled it.
Border Police officers from Jerusalem operated in the Palestinian city of Ramallah to arrest a wanted terrorist on Thursday under the guidance from the Shin Bet, Israel Police announced.
The forces fired shots at the lower body of a suspect who was endangering their lives. No injuries were reported in the operation.
The IDF conducted a strike on a car bomb in Jenin, located in the West Bank, The vehicle with the bomb was likely meant to be detonated near the troops operating in the area, reports added.
IDF thwarts suspect at entrance of an army base
IDF troops had also thwarted a suspect who approached the entrance of an army base in the West Bank on Thursday.
According to Israel’s public broadcaster KAN, a Palestinian individual driving a stolen vehicle drove into the gate of the base and was subsequently thwarted by IDF troops.
No injuries were reported in the incident.
END
SYRIA/RUSSIA
Putin Holds First Call With Syria’s Jolani As Fate Of Russian Bases Uncertain
Wednesday, Feb 12, 2025 – 10:10 PM
Russia’s President Vladimir Putin has spoken to Syria’s self-declared President Ahmad al-Sharaa (whose AQ name is Abu Mohammad al-Jolani), the first such contact since the fall of former Syrian President Bashar al-Assad, who fled the country on the weekend of December 8 of last year.
“The Russian side emphasized its principled position in support of the unity, sovereignty and territorial integrity of the Syrian state,” a Kremlin readout said. Moscow has been trying to secure and maintain its two military bases on the Syrian coast as their fate is uncertain.
The Russians have been packing up the bases of heavy equipment ever since al-Qaeda-linked Hayat Tahrir al-Sham (HTS) stormed Damascus as Assad left power.
A statement from Sharaa emphasized “the strong strategic ties between the two countries and Syria’s openness to all parties” in a way that serves “the interests of the Syrian people and strengthens Syria’s stability and security.”
Surprisingly the statement also confirmed “an official invitation to Foreign Minister Asaad al-Shaibani to visit Russia.” No doubt, the question of Russia’s bases in Syria will be high on the agenda.
The irony is that Russia had for years assisted the Syrian Army in bombarding HTS-held Idlib province. Russia and HTS have been longtime enemies, but it looks like each side is ready for pragmatism and a way forward at this point.
There have been unverified reports that the new rulers in Damascus are demanding that Moscow hand over Assad, and in return Russia can keep its bases.
The former Syrian leader hasn’t been heard from since being granted asylum in Moscow. Sources say the Assad family is keeping a low profile, and adjusting to life in Russia.
Meanwhile, Washington has yet to lift sanctions on Damascus, and its anyone’s guess what Trump will do. He has indicated that he’d like to see the US occupation end in Syria, and to bring the troops home, but there hasn’t been much movement on this amid a bigger focus on the Gaza and Ukraine war issues.
HTS is still a designated terror organization, but the prior Biden administration had dropped the long-time $10 million bounty on Jolani/Sharaa’s head. Biden had also dispatched a diplomatic delegation to Damascus weeks after Jolani took power.
end
SYRIA ISRAEL
Israel set to stay in Syria for years with Trump’s support, ‘Post’ learns
Israel will remain in its position in Syria and the West Bank with backing from the Trump administration, amid ongoing pressure from the EU and the UN.
By YONAH JEREMY BOBFEBRUARY 13, 2025 15:51Updated: FEBRUARY 13, 2025 16:02
The Trump administration will support Israel maintaining a buffer zone in Syria for years to come, The Jerusalem Post has learned.
Although the EU and UN are making significant progress in normalizing relations with the new Syrian regime of Ahmed al-Sharaa, including at a major summit in Paris on Thursday, Israel is confident that the Trump administration understands Jerusalem’s concerns that the new regime could be a “wolf in sheep’s clothing.”
In that sense, even if the EU and UN start pressuring Israel to withdraw in the coming months, as long as the Jewish state has support from Trump to maintain the buffer zone, the IDF is expected to remain there for a very extended period.
With al-Sharaa not even committing to elections before a period of four years passes, Israel believes it will be able to viably argue that the true colors of the regime will not yet be clear even by the end of 2025.
Significantly, Israel understands that Trump does not want to spend US time and energy on Syria, and would like to withdraw remaining American forces from there, but that this does not impact his continued support for Israel to maintain a buffer zone there.
Trump supports Israel in Syria
Until now, pressure had steadily increased on Israel to potentially need to withdraw from the Syria buffer zone, given al-Sharaa’s consistent public statements that he will respect the 1974 armistice between the countries and given his concrete moves to reintegrate with the West.
In that vein, earlier public statements by Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz about staying in Syria for all of 2025 or longer had appeared to be maximalist statements to try to pressure key parties involved in Syria to take Israeli security seriously.
However, the latest revelations suggest the Trump administration’s support for the Israeli presence in Syria remains undaunted even two months after Israel created the buffer zone around December 8 and despite progress to remove sanctions against al-Sharaa’s regime from the Assad-regime days.
IDF troops in Jenin
Meanwhile, IDF troops may remain in Jenin even several months after the more intense part of the current operation in the West Bank concludes, said sources.
Pressed that the operation appears to have slowed and that if in the early days many terrorists were killed and arrested, and now IDF announcements are often about only catching or killing one terrorist, sources said this is because many of the terrorists fled from Jenin.
It was in this context that the sources said that the situation in Jenin and northern Samaria would not go back to what it was in the past since IDF forces would remain there even after the operation concluded, signaling a paradigm shift for maintaining security in the West Bank.
In contrast, after two prior large operations in Jenin in July 2023 and August 2024, the military completely pulled out of the area.
Regarding Lebanon, sources were adamant that the IDF will maintain a presence in five key defensive positions on the Israel-Lebanon border even after the February 18 extended deadline for the IDF to withdraw from southern Lebanon.
According to sources, despite public denials by the Lebanese government, both the Lebanese government and the US have agreed to such an arrangement over Hezbollah’s objections.
Pressed that even these five positions will not really allow Israel to police whether Hezbollah fighters return to southern Lebanon under the guise of being civilians (many of their arms are still hidden in southern Lebanon so they can return south unarmed), sources said that the IDF will initiate new attacks anytime there is a violation on the Lebanese side of the border.
For example, IDF drones may detect if Hezbollah fighters, dressed as civilians, open up a hiding spot where weapons are concealed and could then fire on them without setting foot on Lebanese land.
There are hopes that the Lebanese army will take its role seriously to keep Hezbollah out of southern Lebanon, but based on reports that some Lebanese army officials are working with Hezbollah, the IDF will not rely solely on the Lebanese army.
END
ISRAEL/HAMAS.HEZBOLLAH.WEST BANK
Israel must seize control of Gaza war, stop taking Hamas demands – analysis
If Israel wants to achieve total victory, it must stop taking demands from terrorists.
By SETH J. FRANTZMANFEBRUARY 13, 2025 15:53Updated: FEBRUARY 13, 2025 16:16
Throughout the war with Hamas, Israel has often faced the problem of trying to claw back the initiative from various enemies. Hamas began the war on October 7, 2023, with an unprecedented massacre and hostage-taking. Since then, Israel has sought to fight and defeat Hamas; however, this has proven an uphill struggle. Israeli leaders have claimed at various times that Hamas is like ISIS, that Israel will achieve “total victory,” and that Hamas’s military and governance capabilities will be destroyed. However, Hamas continues to control Gaza, and it often seems to dictate terms to Israel.
The problem Israel now faces is what is sometimes known as the “tail wagging the dog.” This means that Israel’s important decisions and its initiative are being dictated by others in our current challenge in Gaza. How does the tail wag the dog? This week, Hamas claimed it would postpone the sixth handover of hostages, scheduled to take place on February 15. Later, Israeli leaders seemed to channel US President Donald Trump’s claims that all “hell” would break loose if Hamas didn’t hand over hostages.
Israeli Prime Minister Benjamin Netanyahu said, “In light of Hamas’s announcement regarding its decision to violate the agreement and not release our hostages, last night I instructed the IDF to amass forces inside – and surrounding – the Gaza Strip. This action is being carried out at this hour and will be completed very soon.” He also said that the Israeli Security Cabinet had decided that “if Hamas does not return our hostages by Saturday noon, the ceasefire will end, the IDF will resume intense fighting until the final defeat of Hamas.”
Hamas seemed to climb down, and now it appears hostages will be released. However, the lack of certainty and the ability of Hamas to often seem to drive the discussion illustrates how Israel is lurching from one crisis to another. The challenge Israel has faced throughout this war is its inability to get back the initiative and also get back its deterrence. For instance, the Houthis in Yemen also threatened this week to attack Israel again if the ceasefire does not hold.
Why is Israel faced with so many challenges in this respect? Hamas is not that large an organization. It is estimated that while it may have lost some 10-20,000 of its fighters in the war, it has recruited many new ones. This means that Hamas is able to recruit. However, it has lost most of its rocket arsenal.
Problems in Gaza, Lebanon, West Bank
This week, the IDF twice had to conduct searches near the border due to concerns over an infiltration or security incident. One incident happened near Yad Mordechai, and then on Wednesday, another happened near Sufa. It’s possible these were incidents that were due to false alarms. It’s also possible Hamas is already beginning to probe Israel’s defenses. Back in June 2024, Hamas sought to infiltrate near Sufa and Holit under the cover of fog. The serious incident led to clashes with the IDF, scrambling a drone, and also the death of a soldier.
Hamas is continually boasting of having won in Gaza. However, Hamas is not the only problem. Hamas also is enflaming the West Bank. This week in Nur Shams camp, the IDF clashed with terrorists and found an illegally smuggled M-16 type rifle. This is one of many illegal weapons that have flowed to the northern West Bank.
The IDF is now engaged in a multi-week campaign to try to root out terrorists in places like Jenin, Tulkarm, Al-Fara camp and the hills around Tubas. This is a serious effort and requires patience and work. However, it is also an example of how Israel is continually responding to growing threats.
Meanwhile, in Lebanon, it does not appear that the Lebanese army is keeping up its end of the ceasefire. Hezbollah continues to try to smuggle weapons and cash to Lebanon. Recent reports indicate it is using Beirut International Airport to recoup funding losses through smuggling. Israel has already postponed the ceasefire once to stay in southern Lebanon. Israel may do this again now until the end of February. However, it shows that the ceasefire regime dealing with Hamas and Hezbollah is prone to having to deal with possible crises constantly. This happens as Israel is also trying to get residents to return to northern Israel.
Another challenge that Israel faces is calls within the governing coalition to return to fighting. Israel’s leaders now believe that they have complete backing from the White House to do what they want in Gaza. The narrative here posits that the Biden administration prevented Israel from going all the way and completely defeating Hamas.
The Trump administration has sought to change the narrative, suggesting most Gazans could be re-settled outside of Gaza and suggesting Israel could hand over Gaza to the US. The US would then “cherish” Gaza and get others to rebuild it. This seems a long shot, but it has caused some in Israel to believe that Israel can now go in and finish the job against Hamas.
However, the challenge here is that Israeli leaders and policymakers have not sketched out what they mean when they discuss defeating Hamas or having a victory over the group. Fifteen months of fighting apparently did not lead to victory. What does victory and winning mean in Gaza? Can Israel really facilitate the re-settling of Gazans? Where would they go? How will they be pried loose from being under Hamas control? Even if Israel does send IDF divisions back into Gaza, will it be willing to remove Hamas from the central camps area where Hamas has never faced real opposition to two almost decades of control?
These are key questions, and Israel appears to continue to let various actors and events lead to Israel always reacting to events rather than seizing the initiative. To move past October 7, Israel will need to stop letting the tail wag the dog and will need to move forward with the policies that Israel wants, rather than reacting most of the time. This requires a strategic vision and long-term plan. Only that will end this constant crisis mode of lurching from one crisis to another on various fronts.
RUSSIA/UKRAINE/USA
Kremlin Confirms Putin-Trump Summit On The Way, As Zelensky Warns Against Cutting Ukrainians Out
Thursday, Feb 13, 2025 – 08:50 AM
The Kremlin side has confirmed that a Putin-Trump summit is on the way, following yesterday’s phone call, revealed to have been an hour-and-a-half in length. Crucially the two leaders agreed to begin negotiating an end to the war in Ukraine.
A Thursday report in Russia’s state RT strikes a glowing and enthusiastic tone: “It is hard to overestimate the significance of the recent phone call between Russian President Vladimir Putin and his US counterpart Donald Trump, Kremlin spokesman Dmitry Peskov has said.”
Peskov had further said following the “very important conversation” Wednesday that each side is now organizing the groundwork for a summit. It further involved the presidents extending invitations to visit each other’s countries.
“They will focus on a separate meeting; they also agreed that instructions would be immediately given to the relevant assistants so that they would begin the relevant work,” Peskov said.
A handful of mainstream media pundits online had a fit over imagining Putin arriving on US soil for an official state visit, given they see him as global enemy number one. This dramatic shift, or possibly bringing Putin in from the diplomatic cold, comes after three years of Moscow and Washington relations reaching a low-point in modern history. There have been no contacts at the highest levels since the Ukraine war began.
“We are much more impressed by the position of the current administration, and we are open to dialogue,” Peskov had emphasized. “There is political will… to conduct a dialogue to reach a settlement… We need to wait for… at least the first results of the joint work,” he also cautioned.
Interestingly Putin’s spokesman took a swipe at the prior US administration during the post-call presser:
Unlike the administration of ex-US President Joe Biden, which believed that “everything must be done to ensure that the war continues,” the Trump team apparently “holds the view that everything must be done to stop the war and for peace to prevail,” Peskov said.
President Trump had immediately after the 90-minute call written on Truth Social, “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!”
As for his call with Ukraine’s Zelensky, which took place after Putin, Trump wrote: “The conversation went very well. He, like President Putin, wants to make PEACE.”
Zelensky in follow-up on Thursday articulated that he doesn’t think Trump calling Putin before him is a sign of US priorities, but admitted it is “unpleasant”. He also emphasized that European allies should be at any future negotiating table, and that Ukraine’s direct participation in talks concerning the country’s fate is paramount.
Negotiators “cannot accept any agreements without us,” Zelensky has said. The Germans and French have come out insistent on this as well. Zelensky laid out that Ukraine will not accept any agreements made between Russia and the US without his involvement.
Zelensky described that he did not discuss the question of future NATO membership with Trump, something which the White House has taken off the table as an option, but said he knows the Trump admin does not want Ukraine as a member. Further, Trump didn’t raise the question of Ukraine elections during the phone call, Zelensky said.
Lavrov gloats…
Yesterday in a Guardian interview, Zelensky set forth the following:
If Donald Trump withdraws US support for Ukraine, Europe alone will be unable to fill the gap, Volodymyr Zelenskyy has suggested. ‘There are voices which say that Europe could offer security guarantees without the Americans, and I always say no,’ said the Ukrainian president during an hour-long interview with the Guardian at the presidential administration in Kyiv. ‘Security guarantees without America are not real security guarantees,’ he added.
Trump has said he wants to end the war in Ukraine, but sceptics fear a US-brokered deal could involve forcing Ukraine to capitulate to Vladimir Putin’s maximalist demands. Zelenskyy said he was ready to negotiate but wanted Ukraine to do so from a ‘position of strength’, adding that he would offer US companies lucrative reconstruction contracts and investment concessions to try to get Trump onside.
Zelensky is at least realistic on the above, particularly about ‘no real security guarantees without the Americans.’ As for getting Trump onboard with Kiev’s point of view in negotiations, US Treasury Secretary Scott Bessent met with Zelensky in Kiev on Wednesday, where they reportedly agreed to a draft proposal for granting US access to the country’s rare earth minerals.
“We had a productive, constructive conversation. For me, the issue of security guarantees for Ukraine is very important, and we talked about minerals in general,” Zelensky said of the meeting.
Russia vs USA
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
MARK CRISPIN MILLER
SLAY NEWS
EVK NEWS
| LATEST NEWS: |
NEWS ADDICTS
| LATEST NEWS |
| New Bill Bans Covid mRNA ‘Vaccines’ Over Surging DeathsLawmakers have introduced a new bill that seeks to ban all mRNA “vaccines,” including Covid shots, due to surges in deaths, disease, and disabilities among the vaccinated.READ MORE |
| Trump fires USAID Inspector General Paul MartinPaul Martin, the Inspector General of the U.S. Agency for International Development (USAID), was fired on Tuesday, just one day after his office released a report critical of the Trump Administration’s handling of the agency. Martin, who was appointed during the Biden administration, was terminated effective immediately, according to multiple reports, including CNN and NBC News. Martin was informed of …READ MORE |
| Firefighters battle inferno after vehicle explosion near Texas airport, at least 4 injuredA massive fire broke out Tuesday afternoon near El Paso International Airport after a reported vehicle explosion, sending multiple people to the hospital and prompting a large emergency response. The El Paso Fire Department confirmed the incident on social media just before 4 p.m., stating that crews were responding to a Condition 4 fire at the Sun Metro Transit Operations …READ MORE |
| Federal judge orders Trump Admin to restore gender ideology websitesA federal judge has ordered the Trump administration to reinstate gender ideology-related webpages that were removed from public health websites last month. The decision, issued by U.S. District Judge John Bates of the District of Columbia, requires the administration to restore the deleted content by midnight. Judge Bates, a George W. Bush appointee, sided with the advocacy group Doctors for …READ MORE |
| Four FEMA employees fired for paying $59 million on luxury hotels for illegals in NYCFour FEMA employees fired after authorizing nearly $60 million in payments for housing illegal migrants in luxury hotels across New York City. The decision comes after revelations that these individuals bypassed leadership and violated federal regulations to issue the funds. Elon Musk first exposed the situation early Monday morning, revealing that FEMA had recently sent $59 million to upscale hotels, |
DR PAUL ALEXANDER
Tulsi confirmed, excellent nominee POTUS Trump for DNI, great win here! National Intelligence! Bi*ch McConnell says NO! Tulsi will do great! Fingers crossed for Bobby Jr.; Bobby Jr. will do great!
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL
Chevron Planning Layoffs Of Up To 20% Of Its Staff
Thursday, Feb 13, 2025 – 04:15 AM
Chevron Corp. will cut 15% to 20% of its global workforce by next year to trim costs and boost profits. With 46,500 employees at the end of 2023, up to 9,000 jobs could be affected, according to Bloomberg.
The move comes as part of a push to save up to $3 billion by 2026.
Vice Chairman Mark Nelson commented: “Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness.”
The Bloomberg article says that Chevron has lagged behind Exxon Mobil in production growth over the past three years despite rising commodity prices post-Covid.
However, its stock has rebounded, driven by strong Permian Basin output and the long-delayed Tengiz project in Kazakhstan.
Nelson added: “We do not take these actions lightly and will support our employees through the transition. But responsible leadership requires taking these steps to improve the long-term competitiveness of our company for our people, our shareholders and our communities.”
Recall, Oilprice.com wrote in late 2024 that Chevron reduced the amount of capital expenditure it will allocate for its operations in the Permian Basin this year
The company said it planned to spend between $4.5 billion and $5 billion on production in the Permian, “as production growth is reduced in favor of free cash flow.” Total upstream spending for this year is planned at $13 billion, with the company’s total capex budget set in a range of between $14.5 billion to $15.5 billion.
This would be a decline from 2024’s capex budget of $15.5 billion to $16.5 billion.
END
Houthis Vow To Unleash Hell On Red Sea Shipping Again As Gaza Truce Teeters
Thursday, Feb 13, 2025 – 02:45 AM
Yemen’s Houthis have declared “our hands are on the trigger” ready to resume attacks on Israel and especially Red Sea shipping of the Gaza ceasefire falters.
“Our hands are on the trigger, and we are ready to immediately escalate against the Israeli enemy if it returns to escalation in the Gaza Strip,” said leader Abdul Malik al-Houthi on Tuesday.
The ceasefire is indeed teetering, given Netanyahu’s security cabinet has backed Trump’s ultimatum demanding the return of all remaining Israeli hostages in Hamas captivity or else “let hell break out” and the Israeli military onslaught on Gaza would continue. He gave a noon Saturday deadline.
The ceasefire agreement is still within the first of three phases, and Hamas and Israel have been trading accusations of the other having broken the deal.
The Houthis have since November of 2023 launched over 100 attacks on commercial and military vessels in the Red Sea, some of which may have struck American warships, though the Pentagon has kept mum on the extent of any potential damage. Several MQ-9 Reaper drones have also been shot down in that time period.
PM Netanyahu following a four-hour security cabinet meeting said he’s ordered troop reinforcements in and around Gaza, and that the country is ready to “return to intense fighting until Hamas is finally defeated” if the Islamist group doesn’t hand over the remaining hostages.
Oil Price has observed this week that traffic has somewhat stabilized since the truce went into effect: “vessel transits through the Red Sea and the Bab el-Mandeb Strait have remained relatively stable at subdued levels since the Iran-backed Houthis said they would limit attacks on commercial vessels,” it described.
However, given the tense situation and ratcheting rhetoric, “shippers and tanker owners are not in a rush to return to the Red Sea/Suez Canal route despite the partial Houthi ceasefire,” the report said.
The Houthis had pledged to halt the attacks, with the exception of Israeli-owned ships, and this vow has held. Prior to that, drone and missile attacks had come weekly or almost daily. There were also several ballistic missile attacks on Israel, including the Tel Aviv area, over the past months.
x.com/OBamuhigire/status/1889768466850226459
The latest weekly assessment by the Joint Maritime Information Center (JMIC) said the monitoring group has seen “no significant changes in traffic volume as the transit numbers remain fairly consistent.”
“Though inactivity could be considered as an improvement in maritime security, JMIC assesses the threat to merchant vessels has not changed and recommends industry remain vigilant,” it added.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
SOUTH AFRICA/USA
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS THURSDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0421 UP 29 BASIS PTS
USA/ YEN 153.82 DOWN 0.417 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 1.2492 UP 0.0042 OR 42 PTS
USA/CAN DOLLAR: 1.4291 DOWN 0.0009 (CDN DOLLAR UP 9 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 13.90 PTS OR 0.42%
Hang Seng CLOSED DOWN 43.55PTS OR 0.20%
AUSTRALIA CLOSED UP 0.0%
// EUROPEAN BOURSE: MOSTLY GREEN EXCEPT LONDON
Trading from Europe and ASIA
I) EUROPEAN BOURSES: MOSTLY GREEN EXCEPT LONDON
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 43.55 PTS OR 0.20
/SHANGHAI CLOSED DOWN 13.90PTS OR 0.42%
AUSTRALIA BOURSE CLOSED UP .05%
(Nikkei (Japan) CLOSED UP 497.77 PTS OR 1.25%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2915.90
silver:$32.25
USA dollar index early THURDAY morning: 107.52 DOWN 31 BASIS POINTS FROM WEDNESDAY’s CLOSE.
THURDAY MORNING NUMBERS ENDS
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And now your closing THURSDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.928% DOWN 7 in basis point(s) yield
JAPANESE BOND YIELD: +1.333% DOWN 3 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.080 DOWN 6 in basis points yield
ITALIAN 10 YR BOND YIELD 3.491 DOWN 6 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4235 DOWN 6 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY THURSDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0389 DOWN .0003 OR 3 basis points
USA/Japan: 153.58 DOWN .0056 OR YEN IS UP 56 BASIS PTS//
Great Britain 10 YR RATE 4.5000 DOWN 10 BASIS POINTS //
Canadian dollar UP .0022 OR 22 BASIS pts to 1.4280
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The USA/Yuan, CNY ON SHORE CLOSED UP AT 7.3090 (ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.3035
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 DOWN 7 in basis points from WEDNESDAY at 4.566% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.784 DOWN 5 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.326 DOWN 4 BASIS PTS.
GOLD AT 11;00 AM 2909.20
SILVER AT 11;00: 32.11
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: THURSDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 42.72 pts or 0.49%
German Dax : UP 463.99 pts or 2.09%
Paris CAC CLOSED UP 121.92 pts or 1,52%
Spain IBEX CLOSED UP 24.80 PTS OR 0.19%
Italian MIB: CLOSED UP 376.86 PTS OR 1.00%
WTI Oil price 70.51 11 EST/
Brent Oil: 74.35 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 90.82 ROUBLE UP 3 AND 13/100
GERMAN 10 YR BOND YIELD; +2.4235 DOWN 6 BASIS PTS.
UK 10 YR YIELD: 4.5000 DOWN 4 BASIS POINTS
CDN 10 YEAR RATE: 3.130 DOWN 7 BASIS PTS.
CDN 5 YEAR RATE: 2.818 DOWN 6 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0459 UP 0.0067 OR 67 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2559 DOWN .01091 OR 109 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.494 DOWN 5 BASIS PTS//
JAPAN 10 YR YIELD: 1.337 UP 0 BASIS BASIS PTS.
USA dollar vs Japanese Yen: 152,77 DOWN 1.465 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4193 DOWN .01071BASIS PTS CDN DOLLAR UP 107 BASIS PTS
West Texas intermediate oil: 71.43
Brent OIL: 75.11
USA 10 yr bond yield DOWN 10 BASIS pts to 4.530
USA 30 yr bond yield DOWN 10 BASIS PTS to 4.7410%
USA 2 YR BOND: DOWN 5 PTS AT 4.311
CDN 10 YR RATE 3.135 DOWN 8 BASIS PTS
CDN 5 YEAR RATE: 2.826 DOWN 6 BASIS PTS
USA dollar index: 107,00 DOWN 82 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 36.10 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 89,45 UP 4 AND 50/100 roubles
GOLD 2,928.70(3:30 PM)
SILVER: 32,37(3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 342,87PTS OR 1.00%
NASDAQ 100 UP 311,45PTS OR 1,43%
VOLATILITY INDEX: 15,,09 DOWN 0.80PTS OR 5.03%
GLD: $ 270.31 OR UP 2.64PTS OR 0.99%
SLV/ $29.346PTS OR UP 0.12 OR 0.41%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 135.40PTS OR 0.53%
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
PPI SURGES!!
Producer Prices Surge At Fastest Pace In 2 Years As Energy ‘Deflation’ Ends
Thursday, Feb 13, 2025 – 08:40 AM
Following yesterday’s hotter than expected surge in consumer prices, all eyes are on producer prices this morning as headline PPI rose 0.4% MoM (more than the 0.3% exp) in January, but December’s 0.2% MoM rise was revised dramatically higher (to +0.5% MoM). Between the hot headline and upward revisions, headline PPI rose 3.5% YoY (+3.3% exp) – the hottest PPI since Feb 2023…
Source: Bloomberg
That is the 13th straight month without a MoM decline in producer prices.
2024’s PPI data has been serially revised higher with December’s the biggest upward revision since Dec 2021…
Source: Bloomberg
Core PPI also rose more than expected (+0.3% vs +0.2% exp) which dragged prices (ex food and energy) up 3.6% YoY…
Source: Bloomberg
Under the hood, Goods costs rose at double the pace of Services….
PPI Highlights:
- Leading the broad-based January advance in the index for final demand, prices for final demand services rose 0.3 percent. The index for final demand goods moved up 0.6 percent.
- The index for final demand less foods, energy, and trade services rose 0.3 percent in January after moving up 0.4 percent in December.
- For the 12 months ended in January, prices for final demand less foods, energy, and trade services advanced 3.4 percent
PPI Services Details:
- The index for final demand services moved up 0.3 percent in January, the sixth consecutive increase. Three-fourths of the broad-based advance in January is attributable to prices for final demand services less trade, transportation, and warehousing, which rose 0.4 percent.
- The indexes for final demand transportation and warehousing services and for final demand trade services also increased, 0.6 percent and 0.1 percent, respectively.
- Over one-third of the January rise in the index for final demand services can be traced to prices for traveler accommodation services, which advanced 5.7 percent.
- The indexes for automobile retailing (partial); truck transportation of freight; food and alcohol retailing; apparel, jewelry, footwear, and accessories retailing; and bundled wired telecommunications access services also moved higher.
- In contrast, margins for fuels and lubricants retailing fell 9.8 percent. Prices for securities brokerage, dealing, investment advice, and related services and for physician care also declined.
PPI Goods Details:
- The index for final demand goods moved up 0.6 percent in January, the fourth consecutive rise. Over half of the broad-based January advance can be traced to a 1.7-percent increase in prices for final demand energy.
- The indexes for final demand foods and for final demand goods less foods and energy also rose, 1.1 percent and 0.1 percent, respectively.
- In January, a 10.4-percent increase in the index for diesel fuel was a major factor in the advance in prices for final demand goods.
- The indexes for chicken eggs, beef and veal, gas fuels, jet fuel, and communication and related equipment also moved higher.
- Conversely, prices for fresh and dry vegetables fell 22.3 percent. The indexes for pharmaceutical preparations and for residential electric power also decreased.
Energy deflation is over…
Source: Bloomberg
…but will energy deflation return next month?
Source: Bloomberg
None of this is a good sign for bullish micro investors (margins compressed)…
…or bullish macro investors (doves crucified once again on the cross of transitory).
So much for Fed Chair Powell’s comments this week that inflation expectations “appear to remain well-anchored” and central bankers have scope to be patient with rate adjustments…
END
USA ECONOMIC NEWS
IIB 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
VDH: How To Commit Democratic Party Suicide
Wednesday, Feb 12, 2025 – 11:50 PM
Authored by Victor Davis Hanson,
The Democratic Party is polling about 31 percent approval, a near-historic low.
Despite enjoying a huge lead in fundraising, legacy media favoritism, and incumbency, in the 2024 election, Democrats lost the White House to Donald Trump. Ever since, they have offered nothing new, no novel agenda, no innovative policies—nothing other than screaming that they are loudly against everything and anything that the president is for.
In the past, what did they accomplish by following their prior two impeachments with attempts to de-ballot Trump? Who thought sending an FBI swat team to raid Trump’s home or waging five lawfare civil and criminal suits and issuing 91 felony indictments against him would win over the public?
Was conducting a media barrage of Hitler-Trump invectives, or lowering the bar of demonization that likely led to two assassination attempts of Trump a good way to win an election?
Apparently not, given the Democrats have now lost the presidency, the House, and the Senate. The Supreme Court is conservative. They have no power to subpoena anyone; they cannot block any nomination. Much of their old administrative state control is eroding. All the main issues—the economy, energy, border security, illegal immigration, crime, DEI/woke, and foreign policy—poll against the Democrats. The more they shouted that biological men must be able to compete as transgendered females in women’s sports, the more that 80% of the public disagreed, women were turned off, and the absurd idea was exploded by Trump.
The power of the administrative state, the legacy network news, print media, and Silicon Valley’s social media and search engines, the billions that poured into the Biden and Harris campaign all went for naught.
The efforts of moderators to warp debates, of network news to edit out unfavorable Harris or Biden comments, of leftists to cancel, deplatform, ostracize, censor, and shadow ban their enemies have failed. More likely to succeed now are numerous lawsuits against leftwing media for chronic defamation and censorship.
Given that collective meltdown, what would a sane Democratic Party do?
If they were stable, then they might renounce political suicide and perhaps return to something akin to the Clinton efforts of 1992 and 1996. Then the once self-destructive Democrats finally gave up on disastrous out-of-touch McGovernism, Carterism, an Dukakism. Instead, they began to embrace legal-only immigration, secure borders, balanced budgets, support for law enforcement, and meritocracy.
The result?
After twelve years in the wilderness (1980-1992), the Democrats regained power for the next 16 of 24 years—only in the second term of Barack Obama to go full radical Jacobin and soon lose it.
The current self-destructive obsessions with DEI/woke racialism, bi-coastal talk-down elitism, boutique transgenderism, and nonstop America Lastism all came to fruition during the Biden years. A shameless conspiracy to use an enfeebled John Biden as a prop to masque an otherwise unpalatable radical, neo-socialist agenda ensured the MAGA counterrevolution.
But instead of postmortem autopsy and introspection, since Election Day, the Democrats have doubled down on their veritable collective self-destruction.
On immigration, after wiping out the border and allowing in 12 million illegal aliens, including more than 500,000 suspected felons, they seem deliberately to be alienating public opinion even further.
So, thousands of leftists swarm and block the freeways of Los Angeles to protest the deportations of criminals. And how exactly?
By enraging middle-class commuters, while burning the flag of the country that they demand must allow them to stay, while chauvinistically waving the flag of the country to which under no circumstances they wish to return?
New Jersey Democratic governor Patrick Murphy idiotically virtue-signaled that he would defy the law, as he bragged that he was harboring an illegal alien living above his garage.
Then, when apprised that such performance-art showboating was a felony, in theory entailing a long prison sentence, the now buffoonish governor changed his narrative that the occupant of his garage was not really illegally living above his garage.
Democratic governors and mayors vie, bragging that they will be foremost in breaking the law by impeding the efforts of the federal immigration services to find and deport illegal aliens—for now, half a million criminals. Other activists are tipping off criminal illegal-alien gang leaders to avoid US government efforts to apprehend such dangerous criminals.
Is that the way to win back the working classes? By ensuring that the felons of M-13, Norteños, Sureños, and Tren de Aragua can flee and put in danger fellow American police officers?
Elon Musk has been appointed by Donald Trump to create a new government agency, DOGE (Department of Government Efficiency), to find waste, fraud, and abuse in the government spending of taxpayers money.
He and his young team of tech standouts have exposed shocking waste and fraud, but mostly insanity, in the USAID’s $50 billion of foreign aid grants.
Why are Americans paying for overseas drag shows or gay and trans advocacy in culturally imperialist fashion in traditional and conservative societies abroad? Why are we paying eight percent of the budget of the hardcore left-wing BBC? Is that a way back to the White House?
Do Politico, the New York Times, or the Wuhan gain-in-function virology lab and birthplace of COVID-19 really need millions of dollars of taxpayer dollars?
Do Democrats really think the middle class will hate Elon Musk for exposing that their government may well have handed the communist Chinese the necessary cash to birth a manufactured killer virus that took one million American lives?
Is that a winning strategy—to scream in Congress that Musk is a Nazi, a dictator for showing that Biden’s USAID under leftist Samantha Power was a clearing house to enrich and empower well-off leftist organizations that only weakened their own country abroad?
Do we really wish to spend $20 million to bequeath a woke Sesame Street to Middle East television?
Is it smart to gin up hatred of Elon Musk, who revolutionized space travel, the auto industry, and social media?
Is the Democrats’ message something like “We hate Elon Musk and will stop his free internet service to Americans ruined by fires and hurricanes and abandoned by their government?”
Or do Democrats despise Musk for providing free internet to Ukrainians battling for their lives against Russians?
Or is the key strategy to loathe Musk for crafting a risky rescue mission to save the lives of American astronauts virtually abandoned by the incompetent Biden government space program?
For Democratic officials to scream that Musk has no right to ferret out fraud is historically ignorant. He was selected by the president with the same powers that such appointees enjoy that are by statute not required to be approved by the Senate. The DOGE head is as legitimate as the National Security Advisor, who likewise needs no confirmation but also serves at the wishes of an elected president and likewise can do nothing without his approval.
Is Musk’s position in the Trump administration new?
Hardly.
Musk certainly has more legitimate legal authority via his DOGE position than that of FDR’s in-house informal advisors—such as Harry Hopkins—who from within the White House directed much of World War II foreign policy with the Soviets.
Financier Bernard Baruch held no major position for years under Woodrow Wilson and FDR and yet rebooted America’s wartime economy in two wars.
DOGE head Musk is more akin to FDR’s appointed war production board—similar to the likes of the unelected and unconfirmed Henery Ford, Henery Kaiser, and William Knudson, with the caveat that the latter three exercised far more power than does Musk.
During the confirmation hearings on Trump’s cabinet and agency nominations, Democratic senators did not question nominees like Pete Hegseth, Pam Bondi, and Kash Patel so much as scream, interrupt, and insult them on live television.
Rather than ask the nominees questions about their policies and agendas, almost all the interrogatives were ad hominem.
All this came from a party that oversaw the greatest weaponization of our government in modern history while leaving us with two theater wars abroad, a scary and dangerous DEI/woke destruction of meritocracy, hyperinflation, $7 trillion more in debt, 12 million illegal aliens, the erasure of the border, and a vast shortfall in military recruitment.
During the recent Democrat Party convention elections, the voting turned into a virtual DEI tutorial on why the public is repulsed by Democrats.
The Party’s carnival-like elections were overseen by race/gender/orientation censors. In incomprehensible, jargon-filled lectures, they droned on about the correct quotas—trans, non-binary, female, black, Hispanic, Native American—that would override simple democratic voting.
When one looks for sanity among the Democrat Senate and House leaders, there is only madness to be found. Sen. Corey “Spartacus” Booker is back again, now screaming and playacting as if he were Winston Churchill willing to fight Trump-Hitler on the beaches, hills, fields, etc.
Rep. Al Green was wheeled out on spec to bellow and bluster that he was introducing articles of impeachment—is it for the fourth, fifth, or sixth time against Trump?
House Minority Leader Hakim Jefferies boasts he will fight Trump “in the streets”—alongside whom? The despised Antifa? The utterly corrupt and discredited BLM?
I doubt Rep. Jefferies himself will replay the 2020 summer of destruction. More likely he will parrot Kamala Harris’s 2020 bragging of the then ongoing four months of violent protests: “They’re not gonna stop before Election Day in November, and they’re not gonna stop after Election Day, and they should not.”
Maxine Waters is back, trying to trump her earlier threats to birddog and harass Trump supporters in her usual racialist fashion.
AOC—the supposed future of the Jacobins—drones that Musk is “one of the most unintelligent billionaires” she has met. This putdown comes from the nincompoop who claimed Trump’s low unemployment rate was due only to people holding two jobs.
Does AOC think catching a rocket with a mechanical arm is proof of dumbness, and the rants of Mazie Hirono and Elizabeth Warren display wisdom?
What the Democrats don’t realize is that they staged a French-style cultural, political, and economic revolution and tried to destroy their enemies by weaponizing government and the media—and they have now lost.
This current counter-revolution is a return to centrist normalcy and just beginning. It is deemed wild only by feral Democrats, whose high crimes and misdemeanors, and various conspiracy theories over the years of their madcap rule are now being revealed every day.
END
KING REPORT
| he King Report February 13, 2025 Issue 7430 | Independent View of the News |
| DJT: “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 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… https://x.com/TrumpDailyPosts/status/1889720462151917756 Will Trump pry Russia away from its alliance with China? @libsoftiktok: Defense Secretary Pete Hegseth on Ukraine: – No NATO membership (As promised by the US when Germany reunified) – No return to pre-2014 borders – No U.S. troops in Ukraine – No more relying on U.S. for the majority of military funding https://x.com/libsoftiktok/status/1889706515277185536 @JerryDunleavy: Hegseth: “The U.S. is prioritizing deterring war with China in the Pacific, recognizing the reality of scarcity, and making the resourcing tradeoffs to ensure deterrence does not fail. Deterrence cannot fail, for all of our sakes.”… https://x.com/JerryDunleavy/status/1889738051280044481 U.S. Secretary of State James Baker’s famous “not one inch eastward” assurance about NATO expansion in his meeting with Soviet leader Mikhail Gorbachev on February 9, 1990, was part of a cascade of assurances about Soviet security given by Western leaders to Gorbachev and other Soviet officials throughout the process of German unification in 1990 and on into 1991, according to declassified U.S., Soviet, German, British and French documents posted today by the National Security Archive at George Washington University… https://nsarchive.gwu.edu/briefing-book/russia-programs/2017-12-12/nato-expansion-what-gorbachev-heard-western-leaders-early DJT announced JD Vance and Marco Rubio will meet with Zelenskyy in Munich on Friday. https://x.com/GuntherEagleman/status/1889739608633582057 @visegrad24: Zelensky reveals details from his call with Trump: “We had a long talk. About the possibilities of achieving peace. About our readiness to work together at the team level. About our technological capabilities, in particular drones and other modern production. I’m grateful to President Trump for his interest in what we can do together. Ukraine wants peace more than anyone else. We are defining our joint steps with America to stop Russian aggression and guarantee a reliable, lasting peace. As President Trump said, let’s get it done.” US January CPI and Core CPI are higher than expected, Bidenomics! CPI 0.5% m/m & 3.0% y/y, 0.3% m/m & 2.9% y/y expected Core CPI 0.4% m/m & 3.3% y/y, 0.3% m/m & 3.1% y/y expected Y/Y changes: Food +3.0%, Energy +1.0% y/y, Shelter +4.4%, Transportation 8%, Medical care +2.7% https://www.bls.gov/news.release/cpi.nr0.htm Eggs Soar 15% in a Month (+55% y/y) with US Grocery Shelves Empty – BBG BBG: Inflation data came in higher than expected in January, driven by price gains across a broad range of goods and services. Some items, like prescription drugs and parking fees, experienced the largest monthly gains on record in Bureau of Labor Statistics data. Insurance and eggs saw the biggest price increases in about a decade… https://finance.yahoo.com/news/parking-fees-drugs-instant-coffee-172022884.html @Stocktwits: While January CPI inflation was 3.0% y/y, inflation is much higher in many necessities: 1. Car Insurance Inflation: +11.8% 2. Transportation Inflation: +8.0% 3. Airline Fare Inflation: +7.1% 4. Dairy Product Inflation: +6.1% 5. Car Repair Inflation: +5.9% 6. Utility Gas Inflation: +4.9% 7. Homeowner Inflation: +4.6% 8. Rent Inflation: +4.2% 9. Food Away from Home Inflation: +3.4% @charliebilello: Price Increases (CPI) over last 4 years… Medical Care: +9.1% Apparel: +9.3% New Cars: +19.0% Used Cars: +21.5% Food at home: +23.2% Shelter: +24.7% Food away from home: +25.0% Electricity: +29.6% Gas Utilities: +33.6% Gasoline: +34.9% Home Prices: +39.4% Transportation: +43.5% Fuel Oil: +44.6% Auto Insurance: +60.9% Dozen Eggs: +238% Yesterday’s King Report: CPI is one of the few economic metrics that can still impact the markets. Bonds declined sharply on Tuesday and are likely to remain soft until the final tranche of this week’s Treasury Auction on Thursday. Equity traders, led by the masses, remain historically ebullient. They will continue to buy dips until a series of strong punishments is exacted on them. This is precisely what occurred. Two minutes before the 8:30 ET release of the CPI Report, USHs and ESHs spiked higher. This is conditioned buying that has occurred repeatedly over the past several years. Most everyone in the trader universe expects good reports and they eagerly want to get long before an explosive rally. Bonds and stocks declined sharply early on Wednesday. USHs hit a low of 113 4/32 at 10:16 ET. We have noted that over the past few years, someone has forced USHs higher into Treasury Auctions. This move to aid & abet the Treasury occurred yesterday. USHs rallied 16/32 into the 13:00 ET auction. After the auction of $42 in 10-year notes, USHs fell on the poor results: 4.632% vs 4.623% WI; Dealers 14.8%. USHs fell to 113 13/32 and then traded sideways into the close. ESHs vacillated between modest gains and losses from the Nikkei opening until they eased lower during the final two hours of Nikkei trading. They then rallied modestly into the 3 ET European opening. Five minutes after the European opening, ESHs commenced a decline that ended at 4:23 ET (6075.50). The rally for the CPI Report then began; ESHs rallied to a daily high of 6098.00 at 8:28 ET. ESHs tumbled to a daily low of 6020.75 at 9:06 ET on the disappointing CPI Report. Of course, the usual suspects bought for the reasons we noted above and in yesterday’s missive. ESHs had a 5-wave rally that peaked (6084.75) at 12:57 ET. ESHs slid to 6064.25 at 14:04 ET. After a modest rebound, ESHs rolled over and traded sideways into the close. Chevron said it will lay off 15% to 20% of its global workforce, about 9k workers will be affected. Powell’s testimony at the House Financial Services Committee was mostly a redundant nothing burger. However, PE Powell impugned himself when he said there is no evidence that long rates went up because of inflation. A man this ignorant and/or deceitful should not be Chair of the Fed! PE Powell also stated that the CPI Report shows ‘we’re close on inflation but not there yet.’ What BS! January US Budget Balance -$128.6B (Bidenomics!); -$94.8B expected; -$21.9B prior Positive aspects of previous session Gasoline and oil declined sharply on the prospect of a Ukraine-Russia deal. ESHs and stocks staged a robust rally during morning NYSE trading. Negative aspects of previous session USHs declined as much as 1 21/32; but sank 2 2/32 from the 115 6/32 high. Ambiguous aspects of previous session Meta rallied for the 18th straight session. Why the euphoric buying? 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]: 6039.32 Previous session S&P 500 Index High/Low: 6063.00; 6003.00 The Senate confirmed Tulsi Gabbard as DNI by a 52-48 vote. TDS infected McConnell voted ‘nay.’ @RapidResponse47: @AGPamBondi announces the DOJ has filed charges against the State of New York, Gov. Kathy Hochul, AG Letitia James, and DMV Commissioner Mark Schroeder (for failing to enforce immigration laws). “New York has chosen to prioritize illegal aliens over American citizens. It stops — it stops TODAY.” https://x.com/RapidResponse47/status/1889800647631114344 AG Pam Bondi sends DARK WARNING to states disobeying immigration laws after announcing the DOJ is filing charges against New York state and New York leadership: “If you are a state not complying with federal law, you’re next. Get ready.” https://x.com/bennyjohnson/status/1889803826296934409 Trump says he wants ‘con job’ Education Department closed ‘immediately’ https://trib.al/Oykb33q @AutismCapital: TRUMP: “We have a massive bureaucracy in Washington DC. Nobody is showing up to work because they’re all “working from home.” They’re not working from home. A lot of them have second jobs. That’s another thing Elon Musk is looking at. How many of these people are getting checks, “working at home,” but they’re not working because they have second or third jobs? A lot of them. Those people are going to be fired.” @ChadPergram: JPMorgan Chase CEO Jamie Dimon, Bank of America CEO Brian Moynihan & others to meet with Senate Banking Committee Republicans tomorrow (Thursday) on debanking. Today – Unless January PPI is profoundly higher than expected, traders will try to affect a rally with the two key US inflation metrics out of the way. The S&P 500 Index low on Wednesday was 6003.00. A breach of 6000 could induce spirited selling. Look for USHs to rally after the 30-year auction (noon). ESHs are +12.50; NQHs are +100.50; and USHs are +6/32 at 20:42 ET. Traders expected a rally today! Expected economic data: Jan PPI 0.3% m/m & 3.3% y/y, Core 0.3% m/m & 3.3% y/y S&P Index 50-day MA: 6005; 100-day MA: 5919; 150-day MA: 5784; 200-day MA: 5671 DJIA 50-day MA: 43,770; 100-day MA: 43,324; 150-day MA: 42,387; 200-day MA: 41,542 (Green is positive slope; Red is negative slope) S&P 500 Index (6051.97 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 @lsferguson: Democrats Are Losing It… Rep. Raskin Calls for Impeachment of Elon Musk Who Is NOT in Elected Office (VIDEO) https://t.co/MRfohXjniL @lsferguson: President Trump has mentioned government employees taking kickbacks two days in a row. Do you see the next target? CNN’s Kaitlan Collins mocked for hysterical take on Trump’s first three weeks in power as she warns of ‘constitutional crisis’ https://t.co/D02zIlQLMc @WesternLensman: SEN KENNEDY: “It strikes me as breathtakingly ironic that that the people who are screaming so loudly about President Trump’s decision to audit federal spending— are the very same people who wanted to hire 80,000 new IRS agents with guns to audit the American people.” @nataliegwinters: EXC – I’ve unearthed footage from 2021 where the judge blocking the Trump spending freeze accuses Trump of being a “tyrant,” claims racism is a “white people problem,” and insists transgenders need special sentencing privileges. This is an activist not a judge. Judge John McConnell Jr. says as a “middle class, white male privileged person” he needs to “understand” criminals who are “women, black, or transgender” and that the “law applies to them where they are.” Judge McConnell equates President Trump’s first four years to the damage inflicted by the Civil War and Jim Crow laws. He also compares President Trump a “tyrant.” Judge McConnell insists that it’s okay for judges to let personal opinions influence their decisions. “I have opinions about a lot of things…” (He was on the Finance Committee for a Hillary Clinton Campaign, 6-figure dem donor, and Planned Parenthood Board member.) Judge McConnell also established a Diversity, Inclusion, and Racial Justice Committee in his court. He insists that “racism is a white people problem” and that white people need to “figure it out” and do the “hard work” to fix it. Judge McConnell then lamented that his Court was a bad example because it was “too white.” He admits to exclusively hiring black people solely because they were “people of color.”… Judge McConnell then dunks on President Trump for not hiring enough racially diverse judges… https://x.com/nataliegwinters/status/1889510504789402095?s=02 @elonmusk: Impeach this pseudo-jurist!! GOP @Rep_Clyde: I’m drafting articles of impeachment for U.S. District Judge John McConnell Jr. He’s a partisan activist weaponizing our judicial system to stop President Trump’s funding freeze on woke and wasteful government spending. We must end this abusive overreach. Stay tuned. @mrddmia: Rhode Island U.S. District Judge John McConnell is @SenWhitehouse’s buddy. McConnell donated $500,000 to Democrats. And got his judgeship after. Has McConnell ever complained Whitehouse belongs to an all-white beach club? https://twitter.com/mrddmia/status/1889524144657543330?s=02 @JerryDunleavy: Gorsuch (joined by Thomas) gave a preview in 2020 of how SCOTUS is likely going to deal with the plague of nationwide injunctions by lower court judges: “The real problem here is the increasingly common practice of trial courts ordering relief that transcends the cases before them. Whether framed as injunctions of ‘nationwide’, ‘universal’, or ‘cosmic’ scope, these orders share the same basic flaw — they direct how the defendant must act toward persons who are not party to the case. … It has become increasingly apparent that this Court must, at some point, confront these important objections to this increasingly widespread practice. … The routine issuance of universal injunctions is patently unworkable, sowing chaos for litigants, the government, courts, and all those affected by these conflicting decisions. … This is not normal.” https://x.com/JerryDunleavy/status/1889749299925327970 Judge makes shock reversal on Trump’s ‘buyout’ offer to federal workers amid DOGE’s quest to downsize bloated bureaucracies – A federal judge on Wednesday lifted the temporary freeze on President Trump’s ‘buyout’ offer to federal workers as the administration looks to shrink the workforce… Massachusetts District Judge George O’Toole ruled the unions lack standing to challenge the directive and are not directly impacted by it… (Clinton judge sees the light – of impeachment or SCOTUS rebuke) https://www.dailymail.co.uk/news/article-14391547/judge-federal-worker-buyout-offer-freeze-lifted.html We are old enough to remember when Joe Biden boasted about ignoring SCOTUS rulings while the Dems and regime media hailed The Big Guy for the defiance. @America1stLegal: BREAKING — New NARA emails further confirm that the classified documents case against President Trump was a sham prosecution that involved the Biden White House from the start — long before NARA’s official referral of classified documents to DOJ for investigation… 7 This new timeline is further proof that Biden’s FBI raid on MAL was never about securing classified documents — it was always about weaponizing the full force of the Department of Justice against President Trump by whatever means necessary. https://x.com/America1stLegal/status/1889469798846759125 @CollinRugg: Democrat Rep. Robert Garcia says Democrats need to fight Elon Musk with “actual weapons,” says it needs to be done for “democracy.” “I think is really important, and what the American public wants is for us to bring actual weapons to this bar fight.” “This is an actual fight for democracy, for the future of this country, and it’s important to push back…” https://x.com/CollinRugg/status/1889808261299286054 @BillAckman: Isn’t inciting people to kill @elonmusk a crime? Why isn’t someone arresting and prosecuting Congressman Robert Garcia? @jackunheard: Democrat rep (Schakowsky) says “manufacturing” is a sexist term because it has the word “man” in it. Says it “turns off” women. You can’t make this up. https://x.com/jackunheard/status/1889796970182590634 The View’s Whoopi Goldberg and Joy Behar slammed for mocking Elon Musk’s four-year-old son https://www.dailymail.co.uk/media/article-14390159/view-whoopi-goldberg-joy-behar-slammed-mocking-elon-musk-son.html @libsoftiktok: BIG SCANDAL UNFOLDING in Penfield Central School District in New York: A kindergartner reportedly came home with a book about attending an LGBTQ pride parade which included pictures of naked people and men in bondage fetish gear. Parents showed up to demand an explanation and the board WALKED OUT. Why is the board IGNORING parents’ concerns over their children being exposed to pornographic material at school?? https://x.com/libsoftiktok/status/1889762521701130349 Here is what leftists and the media have wrought: If an adult tells an off-color joke, let alone shows a picture of naked people or sex acts at a place of business, they are likely to be fired and/or sued. But showing children the same picture or discussing various sexual acts with them is ‘education!’ It’s time to sue deviant educators for sexual harassment and contributing to the delinquency of minors. “The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.” — Ludwig von Mises | |
SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER
harveyorganblog.com 
