GOLD CLOSED DOWN $28.80 TO $2886,60
SILVER CLOSED UP 36 CENTSTO $32.21
GOLD ACCESS CLOSED 2883,50
Silver ACCESS CLOSED: $32.20
Bitcoin morning price:$96,826 UP 126 DOLLARS.
Bitcoin: afternoon price: $97,111 UP 160 DOLLARS
Platinum price closing DOWN $9.30 TO $986.50
Palladium price; UP $7.25 TO $986,70
END
*CANADIAN GOLD: $4085.81 DOWN 75.21 CDN dollars per oz( * NEW ALL TIME HIGH 4153.60 CDN DOLLARS PER OZ//FEB 10 2025)
*BRITISH GOLD: 2290.53 DOWN 42.20 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,339.25 BRITISH POUNDS/OZ) FEB 10/2025
*EURO GOLD: 2,748.18 DOWN 53Euros per oz //* (ALL TIME CLOSING HIGH: 2,807.66 EUROS PER OZ/FEB 10 //2025)
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EXCHANGE
EXCHANGE: COMEX
CONTRACT: FEBRUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,925.900000000 USD
INTENT DATE: 02/13/2025 DELIVERY DATE: 02/18/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 18
092 C DEUTSCHE BANK 2
104 C MIZUHO 1
118 H MACQUARIE FUT 215
132 C SG AMERICAS 2
167 C MAREX 76
190 H BMO CAPITAL 660
323 C HSBC 448
323 H HSBC 23
332 H STANDARD CHARTE 20
363 C WELLS FARGO SEC 4
363 H WELLS FARGO SEC 727
435 H SCOTIA CAPITAL 299
624 C BOFA SECURITIES 3
657 C MORGAN STANLEY 35
657 H MORGAN STANLEY 1999
661 C JP MORGAN 32 1374
686 C STONEX FINANCIA 44 85
690 C ABN AMRO 6 29
709 C BARCLAYS 26
709 H BARCLAYS 10
730 C PTG DIVISION SG 1
732 C RBC CAP MARKETS 35
737 C ADVANTAGE 22 18
880 C CITIGROUP 6
880 H CITIGROUP 1000 59
905 C ADM 28 3
TOTAL: 3,655 3,655
MONTH TO DATE: 67,921
JPMorgan stopped (received) 01574contracts/3655
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 3655 NOTICES FOR 365,500 OZ 11.368 TONNES
total notices so far: 67,321 contracts for 6,732,100 Oz (209.396 tonnes)
FOR FEB.
SILVER NOTICES: 79 NOTICE(S) FILED FOR .395 MILLION OZ/
total number of notices filed so far this month : 4172 for 20.860 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD DOWN $28.80INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.30TONNES
INVENTORY RESTS AT 864.20 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0..36 AT THE SLV: NO CHANGES IN SILVER INVENTORY AT 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 3755 CONTRACTS TO 169,054 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR LOSS OF $0,03 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A HUMONGOUS GAIN OF 4190 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS IN PRICE//THURSDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON THURSDAY 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 THURSDAY WITH SILVER’S RISE IN PRICE BY 1 CENT. WE HAD A HUGE T.A.S. LIQUIDATION THURSDAY COUPLED WITH ANOTHER NEW MEGA MEGA HUGE T.A.S. ISSUANCE OF 6301CONTRACTS 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 475 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR MEGA HUGE 6301 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 4190 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SLIGHT LOSS IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT THURSDAY’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 THURSDAY NIGHT/FRIDAY MORNING: A HUGE 6301 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.03 BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS DESPITE HAVING A SMALL LOSS IN PRICE WE HAD A HUMONGOUS GAIN IN OUR TWO EXCHANGES OF 4230 CONTRACTS WE HAD A MASSIVE LIQUIDATION OF T.A.S. CONTRACTS ACCOUNTING FOR THE SMALL LOSS IN PRICE.
WE HAD A STRONG 475 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 88 CONTRACT QUEUE JUMP FOR 0.44 MILLION OZ OZ
// STANDING FOR SILVER//FEB ADVANCES TO 21.275 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 6301 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 40 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS FEB. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF FEB
TOTAL CONTRACTS for 10 DAYS, total 8052 contracts: OR 40.260 MILLION OZ (805 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 40.260MILLION 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. 40.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE
RESULT: WE HAD A HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3715 CONTRACTS DESPITE OUR SMALL LOSS IN PRICE OF SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG EFP ISSUANCE CONTRACTS: 475 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 0.440 MILLION OZ TO LONDON//NEW STANDING ADVANCES TO 21.275 MILLION OZ
WE HAVE 1). A MEGA HUMONGOUS SIZED GAIN OF 4190 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUGE 6301 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//MONSTER FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON THURSDAY WITH THE SLIGHT LOSS IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE THURSDAY NIGHT (6301) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE
WE HAD 79 NOTICE(S) FILED TODAY FOR 0.395 million OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 2242 OI CONTRACTS TO 530,293 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 3853 CONTRACTS//
WE HAD A FAIR SIZED INCREASE IN COMEX OI (2242 CONTRACTS) OCCURRED WITH OUR GAIN OF $11.00 IN PRICE FRIDAY. 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 MEGA HUGE 3997 CONTRACT QUEUE JUMP//399,700 OZ (12,12ONNES)
/NEW STANDING ADVANCES TO 216.227TONNES +18.4527
= 234.6797TONNES.
/ ALL OF THIS HAPPENED WITH OUR $11.00 GAIN IN PRICE WITH RESPECT TO THURSDAY’S COMEX ///. WE HAD A STRONG SIZED GAIN OF 6742 OI CONTRACTS (20.97 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK. THE HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE LAST WEEK, AND THROUGHOUT THE WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! THE RESULT: A MASSIVE AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE FRONT FEBRUARY CONTRACT MONTH. CENTRAL BANKERS ARE NOW WAITING PATIENTLY FOR THEIR DELIVERY OF GOLD VIA SLOW MOVING SHIPS.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4500 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 534,126
IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 6742 CONTRACTS WITH 2242 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 4500 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 6742 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 2134 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4500 CONTRACTS) ACCOMPANYING THE FAIRSIZED INCREASE IN COMEX OI OF 2242 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 10,595 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 3997CONTRACTS FOR 399,700 OZ( 12,12TONNES). AND THEN WE ADD OUR 5 EXCHANGE FOR RISK TOTALS OF 18.4527 TONNES//NEW TOTAL OF GOLD STANDING AT THE COMEX ADVANCES TO 234.6797TONNES
.
NEW STANDING FOR FEB ADVANCES TO:
216.227TONNES NORMAL DELIVERY (INCLUDING TODAY’S 12.12TONNES QUEUE TUMP + .18,4527 TONNES OF EXCHANGE FOR RISK/TODAY
EQUALS 234,6797 TONNES
//NEW STANDING FEB: 234.6797 TONNES WHICH IS THE HIGHEST EVER GOLD STANDING FOR A FEBRUARY DELIVERY MONTH. AND FOR ANY COMEX MONTH.
/ 3) HUGE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE THURSDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1) $11.00PRICE GAIN WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A STRONG GAIN OF 6742CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED THURSDAY 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 INCREASE 5) HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 2134 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 4,492,700OZ OR 139.74 TONNES IN 910TRADING DAY(S) AND THUS AVERAGING: 4042 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 10 TRADING DAY(S) IN TONNES 139,74TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 139,74DIVIDED BY 3550 x 100% TONNES = 3,93% 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: 139,74 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 3715 CONTRACTS OI TO 169,054 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 475 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 475 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 3715 CONTRACTS AND ADD TO THE 475 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 4230 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 20.95MILLION OZ OCCURRED DESPITE OUR $0.03 LOSS 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 FRIDAY MORNING//THURSDAY NIGHT
SHANGHAI CLOSED UP 14.24PTS OR 0.43%
//Hang Seng CLOSED UP 805.96 PTS OR 3.69 %
// Nikkei CLOSED DOWN 312.06 OR 0.79%//Australia’s all ordinaries CLOSED UP 0.24%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2898CHINESE YUAN OFFSHORE CLOSED UP TO 7.2653// Oil UP TO 71.59 dollars per barrel for WTI and BRENT UP AT 75.39 Stocks in Europe OPENED MOSTLY ALL GREEN
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
END
ASIA TRADING FRIDAY MORNING/THURSDAY 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 ROSE BY A FAIR SIZED 2242 CONTRACTS TO 530,293 WITH OUR GAIN IN PRICE OF $11.00 WITH RESPECT TO THURSDAY’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 (4500) . THE CME ANNOUNCED THURSDAY NIGHT, ZERO EXCHANGE FOR RISK CONTRACTS FOR NIL OZ OR 0 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 STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 6742 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON THURSDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED RAID AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THE DAILY ATTACKS WITH THE CONTINUAL LIQUIDATION OF T.A.S. CONTRACTS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS. LONDON ANNOUNCED LATE THURSDAY NIGHT (JAN 30) THAT THEY WERE OUT OF GOLD. WRONGLY IT WAS ATTRIBUTED TO THEIR SHIPPING PHYSICAL GOLD TO COMEX FOR STORAGE DUE TO TRUMP’S INITIATION OF TARIFFS. THE TRUTH OF THE MATTER IS THAT THIS GOLD LEFT LONDON TO CENTRAL BANKS, AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES. DELIVERY OF GOLD CONTRACTS ARE NOW TAKING SEVERAL WEEKS. NO DEFAULT HAS BEEN INITIATED AS DEALERS ARE AFRAID OF LOSS OF THEIR JOBS. SO THIS FRAUD CONTINUES. THE LEASE RATES IN LONDON HAVE NOW CLIMBED TO 10% AS GOLD IN LONDON IS NOW EXTREMELY SCARCE. WE CAN NOW SAFELY SAY THAT THERE IS A RUN ON A BANK AND THAT BANK IS THE BANK OF ENGLAND!!!
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THIS MONTH CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY THIS ENTIRE WEEK INCLUDING WITH OUR STRONG T.A.S. ISSUANCES AND STRONG T.A.S. LIQUIDATION. THURSDAY NIGHT. THEY ISSUED A STRONG 2134 CONTRACT ANNOUNCEMENT (THURSDAY NIGHT/FRIDAY 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 4500 EFP CONTRACTS WERE ISSUED: : /FEB 4500& ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4500 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 6742 CONTRACTS IN THAT 4500 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR SIZED GAIN OF 2242 COMEX CONTRACTS..AND THIS FAIR SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $11.00 FOR THURSDAY/ 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 THURSDAY NIGHT/FRIDAY MORNING WAS A STRONG SIZED SIZED 2134 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 (234.6797 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: 234.6797TONNES (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: 216.227TONNES OF GOLD+ + 18.4527 TONNES EX FOR RISK PRIOR=//NEW TOTAL STANDING 234.6797 TONNES
COMEX GOLD TRADING/FEB CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $11.00//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A VERY STRONG SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION THURSDAY 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 THURSDAY EVENING FRIDAY 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 32.95 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 3997 CONTRACT QUEUE JUMP FOR 399,700OZ. NEW STANDING ADVANCES TO 216.227TONNES OF GOLD. TO WHICH WE ADD OUR 18.4527TONNES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 234.6797TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $11.00
WE HAD 3853 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 6742 CONTRACTS OR 674200 OZ (20.97ONNES)
confirmed volume THURSDAY 195,812contracts: POOR///
//speculators have left the gold arena
END
// THE FEB 2025 GOLD CONTRACT
FEB 14
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 2 entries i) Out of JPMorgan enhanced 23,640.855 oz 59 London good delivery bars ii) Out of Malca 96,679.314 oz total withdrawal 120,320.164 oz or 3,74 tonnes . |
| Deposit to the Dealer Inventory in oz | 2 ENTRIES i) Brinks dealer 217,184,113 oz 2. ASAHI dealer 64,137,957 (1995 kilobars) total dealer 281,322,070 oz 8,7502tonnes |
| Deposits to the Customer Inventory, in oz | 3 ENTRIES i)Into Brinks customer acct 64,363.302 oz 2(002 kilobars) ii) into JPMorgan 138,217,149 oz ( 4299 kilobars) iii) Into Manfra: 28,936,800 oz (900 kilobars) total weight 231,517.251oz or 7.201 tonnes total weight dealer and customer: 15,9512 tonnes or 512,839.32 oz |
| No of oz served (contracts) today | 3655 notice(s) 365500 OZ 11.368TONNES |
| No of oz to be served (notices) | 2196contracts 219,600 OZ 6.830 TONNES |
| Total monthly oz gold served (contracts) so far this month | 67,321notices 6,732,100oz 209.396 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: 2
i) Brinks dealer 217,184,113 oz
2. ASAHI dealer 64,137,957
(1995 kilobars)
total dealer 281,322,070 oz
8,7502tonnes
we have 3 customer deposits:
3ENTRIES
3 ENTRIES
i)Into Brinks customer acct 64,363.302 oz
2(002 kilobars)
ii) into JPMorgan 138,217,149 oz ( 4299 kilobars)
iii) Into Manfra: 28,936,800 oz (900 kilobars)
total weight 231,517.251oz or 7.201 tonnes
total weight dealer and customer: 15,9512 tonnes
or 512,839.32 oz
xxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: 2
2 entries
i) Out of JPMorgan enhanced 23,640.855 oz
59 London good delivery bars
ii) Out of Malca 96,679.314 oz
total withdrawal 120,320.164 oz
or 3,74 tonnes
xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
adjustments:4 /comex is in chaos
first 2 customer to dealer
a) JPMorgan 16,011,198 oz
b)Malca 86,228,982oz
next //dealer to customer
A) Brinks320,110,017oz
B) Manfra 21,026,754 oz
thus basically what comes into eligible is transferred to dealer accounts and then out.
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR FEB
FEB HAD A GAIN OF 10 CONTRACTS TO STAND AT 5851. WE HAD 3887 CONTRACTS SERVED ON THURSDAY SO WE GAINED A HUGE 3897 CONTRACTS OR A MEGA MONSTER 3897,00 OZ QUEUE JUMP OR 12.12 TONNES, THE HIGHEST EVER QUEUE JUMP RECORDED AT THE COMEX
MARCH HAD A GAIN OF 605 CONTRACTS UP TO 15,804
APRIL HAD A LOSS OF 733 CONTRACTS DOWN TO 393,731CONTRACTS
We had 3655contracts filed for today representing 365,500 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 32 notices issued from their client or customer account. The total of all issuance by all participants equate to 3655contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1274 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 (67,321x 100 oz ) to which we add the difference between the open interest for the front month of FEB.(5881 CONTRACTS) minus the number of notices served upon today (3655 x 100 oz per contract) equals 6,951,700 OZ OR 216.227TONNES TO WHICH WE ADD NEW EXCHANGE FOR RISK 18.4527 TONNES//NEW TOTAL STANDING 234.6797 TONNES
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (67,321x 100 oz +we add the difference for front month of FEB ( 5881 OI} minus the number of notices served upon today (3655 x 100 oz) which equals 6,951,700oz (195.8690 TONNES + 18,4527 tonnes ex for risk PRIOR = 234.6797tonnes
TOTAL COMEX GOLD STANDING FOR FEB.: 234.6797 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: 37,448,324,322 oz
TOTAL REGISTERED GOLD 16,743,019.269 or 520.778tonnes
TOTAL OF ALL ELIGIBLE GOLD: 20,705,305,055 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 14,667,938 oz (REG GOLD- PLEDGED GOLD)= 456.234tonnes //
END
SILVER/COMEX
FEB 12
INITIAL
// THE FEB 2025 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | nil |
| Deposits to the Dealer Inventory | nil |
| Deposits to the Customer Inventory | 2entries i) Into HSBC 1,138,793.400 oz ii) Into JPMorgan: 906,045.100 oz total weight: 2,044,838,500 oz |
| No of oz served today (contracts) | 79CONTRACT(S) (0.985MILLION OZ |
| No of oz to be served (notices) | 83contracts (0.415 MILLION oz) |
| Total monthly oz silver served (contracts) | 4172 Contracts (20.860 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) 0-dealer deposit/
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
deposits customer side
2entries
i) Into HSBC 1,138,793.400 oz
ii) Into JPMorgan: 906,045.100 oz
total weight: 2,044,838,500 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals 2
1) Brinks 25,847,220oz
ii) HSBC 100,093,890 oz
total 2,044,938,500 oz
ADJUSTMENTs 2 customer to dealer:
i) Loomis 481,621.830 oz
ii) Out of Manfra: 320,844,155 oz
JPMorgan has a total silver weight: 152.910million oz/377,888million or 40.53%
TOTAL REGISTERED SILVER: 86.908 MILLION OZ//.TOTAL REG + ELIGIBLE. 377,888million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2025 OI: 162 OPEN INTEREST CONTRACTS FOR A LOSS OF 109 CONTRACTS.
WE HAD 197 NOTICES FILED ON THURSDAY SO WE GAINED 88 CONTRACTS OR WE EXPERIENCED A 440,000 OZ EXCHANGE QUEUE JUMP AS THESE GUYS WILL TRY THEIR LUCK AT THE COMEX TRYING TO OBTAIN PHYSICAL SILVER.
MARCH SAW A LOSS OF 61729CONTRACTS DOWN TO 84,388THE 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 LOSS OF 9 CONTRACTS TO STAND AT 413
MAY SAW A GAIN OF 8963CONTRACTS UP TO 62,614 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 79or 0.395 MILLION oz
CONFIRMED volume; ON THURSDAY 75,999good//
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 4172x 5,000 oz = 20.860 MILLION oz
to which we add the difference between the open interest for the front month of FEB (162) and the number of notices served upon today (79)x (5000 oz)
Thus the standings for silver for the FEB 2025 contract month: 4172 Notices served so far) x 5000 oz + OI for the front month of FEB(162)minus number of notices served upon today (79)x 5000 oz equals silver standing for the FEB contract month equating to 21.275MILLION OZ.
New total standing: 21.275million oz which is huge for a non active delivery month of February
There are 86.908 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 14/ WITH GOLD DOWN $28.80 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 2.30TONNES FROM THE GLD ///INVENTORY RESTS AT 864.20TONNES
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: 864.20TONNES, TONIGHTS TOTAL
SILVER
FEB 13WITH SILVER UP $.32//HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A WITHDRAWAL OF 2.30MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 438.994MILLION OZ
FEB 13WITH SILVER UP $.01//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
Gold hits records and silver stirs.
Behind precious metal markets is new evidence of growing European investor demand at the retail level, while Comex deliveries continue at an elevated rate.
| Alasdair MacleodFeb 14∙Paid |
It has been a week of new highs for gold, and silver appears to have broken out of its torpor only this morning. In European morning trade, gold was $2938, up $98 from last Friday, and silver was $33.30, up $1.55 with most of the rise occurring today. The jump in silver is attributed by analysts to strong Chinese PV demand, Indian-pledged PV investment of a further trillion rupees by 2030, and Indonesia promising to adds 17 gigawatts of solar energy through state-owned enterprises.
More importantly, silver has conquered a crucial chart level at $32.50:
Not only do we have confirmation that solid support at $29 provides a launchpad for the next up-leg and that the moving averages are bullish, but conquering minor supply at the $32.50 level (the smaller pecked line) has been achieved this morning. The next supply level to overcome is at $35 then $40 is in sight — probably quite quickly.
Gold’s chart is a classic bull market demonstration of an acceleration phase:
Clearly, gold has led the way for silver, playing a large part in ending silver’s slumbers. It has impressive momentum, capable of taking it into highly overbought territory — but it’s not nearly there yet. As an indication, Comex open interest is 534,126 contracts on yesterday’s preliminary figures, and the next chart illustrates there’s plenty of room to accomodate more futures buying:
So, what’s driving it all?
Firstly, the stand-for-deliveries are continuing at an accelerating pace. In the last five trading sessions a further 8.1 tonnes of gold and 209.2 tonnes of silver have been stood for delivery, making 262.3 gold and 853 silver tonnes for the year so far. Annualised for 2025, that’s 2,186 tonnes of gold, and 7,108 of silver.
No wonder the strains on Comex are showing.
All this has led to wild rumours about how Trump/Bessent are going to revalue gold in the Treasury’s books and regularise the Fed’s balance sheet. Supposedly, this will reduce Treasury debt (?) and be part of a national wealth fund or of a new national balance sheet to include government-owned real estate as assets.
I suggest rather than uniformed speculation, it is better to wait and see what transpires.
More importantly, two of my European sources in the retail gold market tell me that public demand in Germany for small bars is strong and growing, and a similar message comes to me from the Netherlands. This is not yet reflected in the World Gold Council’s statistics on ETFs. Nor, it seems, is it reflected in the UK’s retail market.
Germany is interesting. Next week there are new elections, and the right-wing (actually libertarian) AfD could come out on top. They have been right about Ukraine as Trump’s détente with Russia proves only this week, there has been an horrific immigrant episode in Munich, and it is reasonable to suggest pollsters underestimate AfD’s support. All this feeds a general gold-buying paranoia.
Undoubtedly, there is a growing recognition among ordinary investors in Europe and elsewhere in the western world that they are underweight in gold as part of their asset mix, and that they can no longer ignore gold’s bull market. Furthermore, it is a sentiment likely to spread throughout the investment management industry.
This is precisely the sentiment being reflected in gold’s technical chart. It also tells us that this run could take gold well above $3,000 but then a consolidation will be required, because while public enthusiasm can be a considerable market force, when it becomes widespread it is a reliable indicator of approaching overbought conditions. Meanwhile, traders on the bull tack can enjoy the ride.
Another bit of news in recent days is that the Chinese authorities are now permitting some insurance companies to allocate 1% of their assets into gold. This amounts to about 240 tonnes at current values. One suspects that the authorities came under significant pressure to grant this permission from insurance companies whose premiums invested in yuan debt yield very little. But equally, the regulators will be acutely aware that in current conditions insurance fund demand is far higher, potentially swamping China’s bullion markets.
END
AGNICO EAGLE EARNINGS
AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS – RECORD ANNUAL GOLD PRODUCTION AND FREE CASH FLOW; BALANCE SHEET STRENGTHENED BY FURTHER DEBT REDUCTION; UPDATED THREE-YEAR GUIDANCE
YET THEY RAID THE STOCK BY OVER 5%
Rhea-AI Summary
Agnico Eagle Mines reported strong financial and operational results for Q4 and full year 2024. The company achieved record annual gold production of 3,485,336 ounces at production costs of $885 per ounce and total cash costs of $903 per ounce.
Key financial highlights include record quarterly adjusted net income of $632 million ($1.26 per share) and strong free cash flow of $570 million. The company significantly strengthened its balance sheet by reducing net debt by $1.3 billion during 2024, ending the year at $217 million.
The company’s gold mineral reserves increased by 0.9% to 54.3 million ounces. Looking ahead, production guidance for 2025-2027 remains stable at 3.3-3.5 million ounces annually. Total cash costs for 2025 are forecast between $915-965 per ounce.
The company continues to advance key projects including Detour Lake, Odyssey, and Hope Bay, with increased capital expenditures planned for 2025 to support future growth initiatives.
ZACKS
Agnico Eagle’s Earnings and Revenues Beat Estimates in Q4
Zacks Equity Research February 14, 2025
Read More
Agnico Eagle Mines Limited (AEM Quick QuoteAEM – Free Report) reported adjusted earnings of $1.26 per share for fourth-quarter 2024, up from 58 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.17 per share.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The company generated revenues of $2,223.7 million, up nearly 26.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,097.2 million.
FORECAST
Agnico Eagle Mines (AEM) Earnings Dates & Reports
Forecast12/202303/202406/202409/202412/2024$0.00$250.00M$500.00M$750.00M$1.00B$1.25B$1.50B$1.75B$2.00B$2.25B$2.50B$0.00$0.30$0.60$0.90$1.20$1.50
- EPS Forecast
- Revenue Forecast
Apr 2025Jul 2025Oct 2025$1.30$1.30$1.30$1.30$1.40$1.40$1.40$1.40
| Release Date | Period End | EPS | /Forecast | Revenue | /Forecast | EPS Surprise % | Revenue Surprise % | Reaction |
|---|---|---|---|---|---|---|---|---|
| Apr 23, 2025 | 03/2025 | — | /1.32 | — | /2.37B | — | — | — |
| Feb 12, 2025 | 12/2024 | 1.26 | /1.22 | 2.24B | /2.32B | +3.28% | -3.45% | — |
| Oct 29, 2024 | 09/2024 | 1.14 | /1.02 | 2.16B | /2.11B | +11.76% | +2.37% | -2.88% |
| Jul 30, 2024 | 06/2024 | 1.07 | /0.91 | 2.08B | /1.99B | +17.58% | +4.52% | +1.24% |
| Apr 24, 2024 | 03/2024 | 0.76 | /0.59 | 1.83B | /1.78B | +28.81% | +2.81% | +2.87% |
| Feb 14, 2024 | 12/2023 | 0.57 | /0.47 | 1.76B | /1.71B | +21.28% | +2.92% | +5.52% |
| Oct 24, 2023 | 09/2023 | 0.44 | /0.42 | 1.64B | /1.66B | +4.76% | -1.2% | -4.13% |
| Jul 25, 2023 | 06/2023 | 0.65 | /0.55 | 1.72B | /1.72B | +18.18% | 0% | -3.29% |
| Apr 26, 2023 | 03/2023 | 0.58 | /0.47 | 1.51B | /1.48B | +23.4% | +2.03% | +1.5% |
| Feb 15, 2023 | 12/2022 | 0.41 | /0.41 | 1.38B | /1.42B | 0% | -2.82% | -5.94% |
All numbers in USDLoad more
Agnico Eagle Mines Limited Earnings Call Summary for Q3/2024
- Record Q3 results: $2.2B revenue (+31%), $1.26B adjusted EBITDA (+64%), $700M returned to shareholders, net debt reduced to $490M
- Gold production: 863,000 oz at $921/oz cash costs; on track for full-year guidance of $8.75-$9.25/oz
- Operational highlights: Record throughput in Nunavut and Detour; Odyssey mine development on schedule
- Challenges: Planned shutdowns at Canadian Malartic and LaRonde; labor costs expected to rise 3%, consumables 5%
- Outlook: 76% of full-year production achieved YTD; promising exploration results at East Gouldie and Hope Bay
Last Updated: 11/01/2024, 09:16 AM
3. CHRIS POWELL AND GATA DISPATCHES
.4 ANDREW MAGUIRE/LIVE FROM THE VAULT NO 209
—–
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//COFFE
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING FRIDAY MORNING THURSDAY NIGHT
SHANGHAI CLOSED UP 14.24PTS OR 0.43%
//Hang Seng CLOSED UP 805.96 PTS OR 3.69 %
// Nikkei CLOSED DOWN 312.06 OR 0.79%//Australia’s all ordinaries CLOSED UP 0.24%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2898CHINESE YUAN OFFSHORE CLOSED UP TO 7.2653// Oil UP TO 71.59 dollars per barrel for WTI and BRENT UP AT 75.39 Stocks in Europe OPENED MOSTLY ALL GREEN
ONSHORE USA/ YUAN TRADING BELOW 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 /FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.2898
OFFSHORE YUAN: DOWN TO 7.2653
SHANGHAI CLOSED CLOSED UP 14.24 PTS OR 0.43%
HANG SENG CLOSED CLOSED UP 805.96 PTS OR 3.69%
2. Nikkei closed DOWN 312.04 OR 0.79%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX DOWN TO 106.81 EURO RISES TO 1.0475 UP 14 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: RISES TO. +1.343 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 152.57…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold 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 UP for WTI and DOWN FOR UP this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.4340 Italian 10 Yr bond yield DOWN to 3.5000/SPAIN 10 YR BOND YIELD DOWNTO 3.087
3i Greek 10 year bond yield DOWN TO 3.270
3j Gold at $2913785/Silver at: 33.18 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 62 /100 roubles/dollar; ROUBLE AT 90.812
3m oil into the 71dollar handle for WTI and 75 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 152.57 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.343% 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 0.9036 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9466well 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: 4.539 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.743 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 4.3305DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 36.22…
10 YR UK BOND YIELD: 4.554 UP 2 PTS
10 YR CANADA BOND YIELD: 3.115 DOWN 6 BASIS PTS
5 YR CANADA BOND YIELD: 2.817 DOWN 5 PTS.
2a New York OPENING REPORT
S&P Futures Drop As China AI Frenzy Sends Hong Kong Tech Soaring
Friday, Feb 14, 2025 – 08:28 AM
Us equity futures are slightly lower with yields flat and the dollar lower as traders appear exhausted at the end of a rollercoaster week full of headlines on trade tariffs and rumors on Ukraine peace efforts, as well as a slew of earnings and further proof inflation isn’t going away. As of 8:00am ET, S&P futures were down 0.2%, a modest retreat from Thursday’s near-record close; Nasdaq futures were also lower as Palo Alto Networks fell 6.1% in premarket while Airbnb jumped after beating expectations. Mag 7 are mostly flat to slightly lower, with the exception of TSLA’s +1.6% gain pre-market (GOOGL -0.2%, AMZN little changed, AAPL -0.2%, MSFT -0.2%, META -0.3%, NVDA -0.1% and TSLA +1.6%). Luxury stocks were a bright spot in Europe as Hermès rallied to a record after its holiday-season sales surged. Meanwhile, the China rally continues as a broader index of Chinese stocks trading in Hong Kong closed at a three-year high, as the nation’s growing AI capabilities bolster investor optimism over the market’s outlook. Yields are 1-2bp lower while the USD extends its losses on hopes that Trump’s tariff approach poses less of an upside risk to inflation. Commodities are mixed: energy and ags are higher, base metals are lower. The House Budget Committee advanced a budget resolution yesterday, a major first step towards Trump’s legislative agenda. Today, key macro focus will be the latest Retail Sales, which consensus expects to decline 0.2% MoM but the control group to rise by 0.3% MoM.
In premarket trading, Chinese stocks listed in the US rallied as a potential meeting between the nation’s top leaders and Alibaba co-founder Jack Ma bolstered confidence that Beijing could adopt a more supportive stance toward the private sector. Intel shares jumped 1.9%, putting the chipmaker’s stock on track for its biggest weekly gain on record. The stock has rallied more than 26% this week on reports of the US government possibly getting involved with a plan involving both Intel and TSMC. Here are some other notable premarket movers.
- Airbnb shares jump 14% after the home-rental company reported fourth-quarter results that beat expectations and gave an outlook that is seen as positive. Baird upgraded their recommendation on the stock to outperform, noting the “strong finish” to the year.
- Applied Materials shares fall 4.8% after the semiconductor equipment maker forecast second quarter net sales that fell short of the average analyst estimate. Analysts note that China restrictions were impacting the company’s sales forecast.
- Coinbase Global shares are 1.6% lower after the crypto exchange operator reported total revenue for the fourth quarter that beat estimates, with the company’s results powered by a rally in digital assets linked to President Donald Trump’s reelection.
- Moderna shares fall 4.6% after the drugmaker recorded another quarterly loss, aided by an unexpected charge for a canceled manufacturing contract.
- Nu Skin shares gain 24% after the beauty and wellness company issued a stronger-than-anticipated profit outlook for the year. Its fourth-quarter revenue also topped analysts’ expectations, though its annual sales forecast fell short.
- SoundHound AI, Serve Robotics and Nano-X Imaging shares tumble in premarket trading after Nvidia filed a 13F indicating that the chipmaker exited its stakes in the companies. Meanwhile, WeRide ADRs surge 107% and Nebius Group shares are up 6.1% after Nvidia revealed positions in the companies
- Palo Alto Networks shares fall 5.1% after the network security solutions company forecast third quarter adjusted EPS that came in lower than Wall Street’s expectations.
- Roku shares jump 15% after the streaming-video platform company reported fourth-quarter results that beat expectations. Analysts note that platform revenues in the quarter were very strong.
- Twilio shares drop 11% after the software firm’s first-quarter forecast fell short of estimates. Investors were disappointed that there wasn’t a guidance upgrade following a strong showing at a recent investor day. However, analysts were broadly positive on the update and raised their targets on the stock on hopes of further AI-fueled growth.
- Wynn Resorts shares rise 1.5% after the casino operator reported fourth-quarter adjusted earnings per share that beat consensus estimates. Analysts highlighted the company’s strong performances in Macau and Las Vegas.
After President Donald Trump proposed reciprocal tariffs on US trading partners, investors are taking some comfort from speculation that negotiations may blunt their eventual impact. Meanwhile, strategists at Bank of America Corp. said faster inflation in the US could actually prove positive for markets because it will force Trump to adopt less severe tariffs.
Wednesday’s hotter-than-forecast consumer price index reading prompted a brief pullback in stocks and bonds, but the price pressures are a “blessing in disguise,” BofA’s Michael Hartnett said in a note. They mean “Trump must go small not big on tariffs and immigration in coming months to avoid fanning a second wave of inflation.”
“The volume of news stories on tariffs has risen as you would expect, but the impact of those stories on the dollar is declining,” said Michael Metcalfe, head of macro strategy at State Street Global Markets. “In part, this likely reflects the fact that asset managers already have a significant overweight in the dollar and if anything in 2025 have been trimming positions.”
The work required to propose reciprocal levies will occur on a country-by-country basis and could take until April to complete, said Howard Lutnick, Trump’s nominee to lead the Commerce Department. The comments followed news that Trump had ordered his administration to consider reciprocal tariffs on numerous trading partners.
“The fact that Trump didn’t explicitly target Europe yesterday and left an April deadline to negotiate with him brings some relief,” said Karen Georges, a fund manager at Ecofi in Paris.
In Europe, the Stoxx 50 holds near record levels as speculation grows that new tariffs threatened by US President Trump could mainly be intended as a negotiating tool. Basic resources is Europe’s best-performing sub-group as iron ore prices briefly spiked to four-month highs after a powerful cyclone narrowly missed hitting the world’s main export hub in Australia. Corporate earnings are also playing a role with Hermes leading a rally in luxury stocks after its sales surged in the fourth quarter. Another drop in European natural gas prices provides a further tailwind as concerns about refilling storage sites have eased, while prospects for peace talks between Russia and Ukraine have emerged. Here are the most notable European movers:
- Hermès shares rise as much as 5% to a record high after the French maker of luxury goods saw 4Q sales beat expectations, with analysts pointing to strength across all divisions and geographies.
- Ubisoft shares edge higher by 0.7% as the video-game maker reported 3Q results and said its cost savings plan is tracking ahead of schedule.
- Huhtamaki shares rise as much as 7% to the highest level since July after the Finnish consumer packaging firm’s fourth-quarter earnings beat estimates.
- Tomra shares rise as much as 12% to a two-year high after the maker of recycling equipment reports fourth-quarter revenue growth, with Jefferies pointing to strength in its recycling and food units in particular.
- Norsk Hydro shares rise as much as 2%, erasing an earlier decline. Morgan Stanley called the Norwegian metals company’s Ebitda a small beat if costs from one-offs were excluded.
- Auto and pharmaceutical stocks underperform after US President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners to rebalance trade relations.
- Fresenius Medical Care shares drop as much as 6.9% after US kidney dialysis peer DaVita reported 4Q results and gave an outlook for 2025 adjusted EPS that fell short of what analysts expected.
- Umicore shares slide as much as 7.2% after the Belgium-based specialty chemicals firm posted a miss on half-year revenues.
- CVC Capital shares fell 2% after the company said it remains “cautious” on the near-term outlook.
- 1&1 and its parent United Internet slump after reporting Ebitda well below estimates amid frustrated hopes for compensation payments related to a network outage in May.
- Wood Group shares drop as much as 33%, the most since November, after the UK energy engineer said a review by Deloitte identified material weaknesses and failures.
Earlier in the session, Asian stocks rose, headed for a third day of gains as a rally in Chinese tech shares resumed. Signs of a delay in US President Donald Trump’s tariffs also helped lift sentiment. The MSCI Asia Pacific Index rose as much as 0.7%, with Alibaba and Tencent among the biggest contributors. The regional benchmark was set to cap its fifth-straight weekly advance. A gauge of Chinese tech shares in Hong Kong rebounded more than 5% after profit-taking pressure emerged in the previous session. A broader index of Chinese stocks trading in Hong Kong closed at a three-year high, as the nation’s growing capabilities in artificial intelligence bolster investor optimism over the market’s outlook. Traders are also looking forward to further government stimulus from the Two Sessions coming up in March.
In FX, the Bloomberg Dollar Spot Index is down ~0.2% after its largest one-day fall since Jan. 20 on Thursday. The Bloomberg Dollar Spot Index has dropped about 2.5% from February’s high as investors wind back bets that Trump is determined to ramp up global tariffs as part of his “America First” policy. Elsewhere in currencies, the yen rose, while the pound hit its highest level against the dollar this year. The euro fluctuated after data showed unexpected growth in the euro area economy in the final quarter of 2024.
- NZD/USD rallied by 0.6% to 0.5711, leading G-10 gains against the dollar; New Zealand’s manufacturing industry expanded for the first time in almost two years
- GBP/USD rose as much as 0.2% to 1.2596, a fresh year-to-date high
- EUR/USD up 0.2% to 1.0488, marking a fourth day of gains; Euro-area economy managed to eke out growth at the end of last year after all
In rates, treasuries climb, outperforming peers, with US 10-year yields falling less than 1 bps to 4.52%. US long-end yields are ~1bp cheaper, 2-year sector marginally richer on the day, steepening 2s10s curve by ~1.5bp, 5s30s by ~1bp; 10-year is little changed around 4.535%, with bunds and gilts relatively cheaper by 1bp and 3bp. Long-dated dollar swap spreads extended this week’s sharp widening move, reaching least inverted level in more than a year; 30-year tenor touched -68.3bp, ended Thursday at -69.5bp. European bond yields rise, with UK and German 10-year borrowing costs adding 1-2 bps each.
In commodities, oil prices advance, with WTI rising 0.3% to $71.50 a barrel. Spot gold adds $10 to around $2,938/oz, and near a record high, on track for a seventh week of gains — its longest run since August 2020. The precious metal has gained this year, powered by haven demand, setting successive records with potential to line up a test of $3,000 an ounce. Bitcoin rises 0.6% to just above $97,000.
The US economic data calendar includes January retail sales and import/export price index (8:30am), January industrial production (9:15am) and December business inventories (10am). Fed speaker slate includes Dallas Fed President Logan at 3pm.
Market snapshot
- S&P 500 futures little changed at 6,139.25
- STOXX Europe 600 up 0.1% to 554.36
- MXAP up 0.8% to 187.88
- MXAPJ up 1.1% to 593.07
- Nikkei down 0.8% to 39,149.43
- Topix down 0.2% to 2,759.21
- Hang Seng Index up 3.7% to 22,620.33
- Shanghai Composite up 0.4% to 3,346.72
- Sensex down 0.2% to 75,961.87
- Australia S&P/ASX 200 up 0.2% to 8,555.81
- Kospi up 0.3% to 2,591.05
- German 10Y yield little changed at 2.43%
- Euro up 0.2% to $1.0484
- Brent Futures up 0.5% to $75.39/bbl
- Gold spot up 0.3% to $2,937.79
- US Dollar Index down 0.42% to 106.86
Top Overnight News
- US President Trump signed an executive order to establish a Make America Healthy Again Commission and is scheduled to sign executive orders on Friday at 13:00EST/18:00GMT.
- President JD Vance said Thursday that the U.S. would hit Moscow with sanctions and potentially military action if Russian President Vladimir Putin won’t agree to a peace deal with Ukraine that guarantees Kyiv’s long-term independence. Vance said option of sending U.S. troops to Ukraine if Moscow fails to negotiate in good faith remain “on the table.” WSJ
- US Treasury Secretary Bessent said if tariffs create inflation, it would be a one-time slight increase, while he also commented that he was barred from looking at payment systems for a few days: Fox Business.
- US judge ordered the Trump administration to restore funds for foreign aid programs: Politico.
- US State Department said the plane carrying US Secretary of State Rubio to Munich experienced a mechanical issue and was forced to turn around.
- The Pentagon is preparing a list of potential cost cuts ahead of the DOGE teams arrival; some military sections are generating lists of weapons they have wanted to cancel but couldn’t get political approval to do so: WSJ
- TikTok was restored to Apple and Google’s app stores following assurances from the DOJ that the US ban won’t be enforced for now. BBG
- Apple will overhaul its phones in China with AI features by the middle of this year, people familiar said. BBG
- China’s PBOC signaled potential policy changes to meet growing external challenges, pledging to keep supporting the yuan as trade frictions weigh on the currency. WSJ
- Chinese President Xi will chair a symposium focused on boosting the country’s private sector and prominent business leaders will be in attendance, including Alibaba’s Jack Ma. RTRS
- Taiwan’s president has pledged to boost investments in and purchases from the US in response to Trump’s global tariff threats and pressure on Taiwan’s semiconductor industry. The US trade deficit with Taiwan widened by $26.1bn to $73.9bn last year driven by demand for AI chips. FT
- Trump and Modi agree to work on a trade deal to resolve White House concerns about tariffs and other restrictions. WaPo
- The euro-area economy managed to eke out growth at the end of last year after all. Eurostat revised up its initial estimate to show GDP increased 0.1% in the fourth quarter. BBG
- The pentagon is preparing cost-cutting ideas (including scrapping/reducing certain weapons systems) as they wait for DOGE people to come to the Dept. of Defense, which could be as soon as today. WSJ
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were mostly higher following the positive handover from Wall St, where yields declined following the latest PPI data and stocks benefitted despite US President Trump’s reciprocal tariff plan, as the delayed implementation provided optimism regarding negotiations. ASX 200 touched a record high with the index led by strength in gold miners, tech and some defensive sectors. Nikkei 225 bucked the trend and was pressured by recent currency strength although Sony, Nissan and Honda were among the biggest gainers in the index post-earnings. Hang Seng and Shanghai Comp were positive with continued strong momentum in Hong Kong amid a tech surge, although the gains in the mainland were only modest despite the PBoC’s recent policy implementation pledges, while this week’s open market operations resulted in a net weekly drain of around CNY 575bln.
Top Asian News
- Chinese Foreign Minister Wang said in a meeting with UK PM Starmer that China and the UK need to strengthen strategic communication and mutual trust, while they need to strengthen cooperation in climate change, AI, and green development. Wang also stated in a meeting with the UK Foreign Secretary that both sides will seek cooperation in financial services, clean energy and AI, while they reached a consensus on a roadmap for bilateral exchanges and cooperation. Furthermore, Wang stated that preparations are underway for dialogues on economy, trade, health, and industry.
- US President Trump said the TikTok deadline could be extended and he hopes to make a deal on TikTok, while they will make it worthwhile for China to approve the TikTok sale. It was separately reported that TikTok’s CEO plans more streamlining as talks with the Trump team continue and it is working with a ‘key person’ in the Trump administration on the US ban issue.
- Japan’s lower house voted to approve government nominee Junko Koeda for the BoJ board.
European bourses (Stoxx 600 U/C) began the session mostly lower, despite a stronger session in APAC trade overnight; though sentiment gradually improved as the morning progressed, to display a mixed picture thus far. Some modest pressure was seen in the complex after the Ukrainian President Zelensky said he does not think that the US has a plan for peace in Ukraine yet. European sectors are mixed, and aside from the top performer, the breadth of the market is fairly narrow. Basic Resources finds itself right at the top of the pile, lifted by gains in metals prices, given the positive risk tone in APAC trade overnight; particularly in China. Consumer Products follows behind, with the sector buoyed by strength in Luxury names after both Hermes (+3.5%) and Moncler (+1%) reported strong results.
Top European News
- EU is cutting back tech rules to boost AI investment, according to the bloc’s digital chief cited by FT.
FX
- USD has extended on yesterday’s selling pressure which was seen in response to President Trump’s reciprocal tariff memorandum in which he pledged to impose levies on “every country” that America has a trade deficit with and took aim at countries using VAT against the US. US Retail Sales is due alongside, Industrial Production and Fed’s Logan. DXY down as low as 106.82 (matching the January 18th low) vs. Thursday’s 107.79 peak.
- EUR/USD is up for a fifth session in a row and ventured as high as 1.0486 vs. the sub 1.03 levels seen at the start of the week. Optimism has been spurred by recent trade developments and how thus far, the worst case scenario of immediate and far-reaching tariffs on the EU has been avoided. If EUR/USD is able to clear 1.05, the YTD peak from January 27th sits at 1.0532. The Single-currency did dip a touch off best levels following remarks via Ukrainian President Zelensky said he does not think that the US has a plan for peace in Ukraine yet.
- JPY is marginally firmer in what has been a choppy week for USD/JPY. Currently trading within a tight 152.39-153.15 range.
- Cable has printed a fresh YTD peak in the wake of the softer USD with a current session high at 1.2594. For UK-specific drivers, strength was also observed yesterday on account of a better-than-expected outturn for UK GDP. Next upside target for Cable comes via the 30th December high at 1.2607.
- Antipodeans are both firmer vs. the broadly weaker USD. AUD/USD has printed a fresh YTD peak at 0.6340 with the next upside target coming via the 17th December high at 0.6377.
- PBoC set USD/CNY mid-point at 7.1706 vs exp. 7.2739 (prev. 7.1719).
- SNB Governing Board Member Tschudin said maintaining price stability is the most important task for the SNB and inflation can be outside the 0-2% target temporarily with the medium-term development more important. She also stated SNB’s policy toolbox includes the use of foreign exchange interventions and that negative interest rates remain an important policy instrument if needed.
Fixed Income
- USTs, and the complex generally, have been pulling back from yesterday’s 109-01 peak but haven’t fallen significantly thus far with the current low just a handful of ticks below at 108-26. Import/Export prices, Retail Sales and Fed’s Logan are on the docket for today; alongside some other Tier 2 US data. Continued bearish action brings into play support a 108-10 and then 108-04 before the figure.
- Bunds are softer directionally in-fitting with the above as the macro focus points are broadly the same, but does find itself under slightly more pressure than its US peer. Pressure which, while over 20 ticks at most, is relatively modest in the context of recent sessions. EZ GDP Flash Estimate Q/Q was revised a touch higher, but ultimately had little impact on German paper. Today we await updates on Trump tariffs and US data.
- Gilts are underperforming modestly, tested the 93.00 mark to the downside vs. a 93.50 peak on Thursday which itself was getting close to Monday’s 93.71 WTD peak. Technically, if the pressure continues then we look to lows from earlier in the week between 92.86-31. On the flip side, after the mentioned WTD peak last Friday’s best was 93.87 and then a gap until 94.35 from the prior day.
- Most recently, benchmarks have been lifting off worst, but still remain in the red, as some of the commentary from the Munich conference is less constructive on a Ukraine-Russia breakthrough.
Commodities
- Crude is firmer, but only very modestly with action contained to slim USD 0.50/bbl parameters throughout the European morning. On the geopolitical front for the Middle-East to see if the hostage release proceeds as planned on Saturday. On that, Axios’ Ravid cited an Israeli official saying “It seems that the crisis has been postponed until next week”.
- Elsewhere, US VP Vance, said the option of sending US troops to Ukraine if Russia fails to negotiate in good faith remains “on the table”, a remark the WSJ highlights is much tougher than the Defence Secretary earlier in the week who said the US wouldn’t pledge troops. WTI and Brent currently find themselves holding in the middle of USD 71.26-74/bbl and USD 74.96-75.56/bbl parameters.
- As it stands, and reflecting the ongoing progress towards a ceasefire and potential resumption of flows following that, March TTF is under continued pressure and below the EUR 50/MW mark and approaching lows from end-January when TTF was sub EUR 48/MW. No real reaction seen just yet from the latest Zelensky, Kremlin & US remarks around today’s meeting between the US and Ukraine.
- Gold likely continues to benefit from front-loading action, exacerbating haven appeal, as Trump continues to make tariff announcements. At a USD 2938/oz peak which is just shy of Tuesday’s USD 2942/oz WTD best.
- Base metals are firmer and benefitting from the delayed implementation of Trump’s latest tariff updates. A delay which provides hope for deals and/or exemptions to be made in the days/weeks ahead
Geopolitics: Ukraine
- US Defence Secretary Hegseth says the shape of Ukrainian borders remains to be seen. Hegseth says cannot make an assumption that US presence in Europe will last forever.
- “Moscow says that Russian officials will not attend the Munich Security Conference because Russia has not been invited to the event, in contrast to what Trump said about meetings with Ukrainian and Russian officials.”, via journalist Elster
- Ukraine President Zelensky says discussion with US President Trump was good and positive; adds that he does not think that the US has a plan for peace in Ukraine yet. Says he does not know about meeting with Russian side at the Munich conference; there will be talks with Russia after positions agreed with allies. Says as many as 3k North Korean troops could be deployed additionally to the Kursk front. Says he does not know about meeting with Russian side at the Munich conference; there will be talks with Russia after positions agreed with allies.
- US VP Vance is using the threat of sanctions and military action to push Russian President Putin into a Ukraine deal, according to WSJ. VP Vance says there are economic and military tools of leverage available to the US to use against Putin. President Trump is approaching negotiations openly, stating that everything is on the table to reach a deal. There is a deal that is going to come out of this that’s going to shock a lot of people.
- US VP Vance says will discuss the Ukraine conflict and how to bring it to a negotiated settlement.
- Ukraine finished work on draft minerals agreement and handed it over to the US side, via Reuters citing a delegation source; US side asked for time until later in the afternoon to work on it.
- Ukrainian President Zelenskiy and US Vice-President Vance meeting in Munich has been postponed to 16:00 GMT, according to Reuters citing sources
- US President Trump said officials from the US and Russia are to meet in Munich on Friday and Ukraine is also invited. Trump also stated that he had a good conversation with Russian President Putin the other day, while he added that the US is working with Ukrainian President Zelensky and that Russian Putin wants to make a deal but later commented that it is too soon to say what will happen in negotiations on Ukraine.
- Ukrainian President Zelensky’s advisor said Ukraine does not plan talks with the Russian side at the Munich conference, while the adviser stated the US, Europe, and Ukraine need a common position before engaging in talks with Russia.
Geopolitics: Other
- Turkish President Erdogan says there are now signs of a ceasefire in Gaza despite the agreement.
- Chinese Defence Ministry said Australia deliberately provoked China in the South China Sea on February 11th and has spread false narratives, while it is “invading and breaking into the homes of others”. It also stated that Australia must strictly restrain the actions of its front-line naval and air forces and avoid stirring up trouble in the South China Sea, as well as warned that Australia would only harm others and itself.
US Event Calendar
- 08:30: Jan. Retail Sales Advance MoM, est. -0.2%, prior 0.4%
- Jan. Retail Sales Ex Auto MoM, est. 0.3%, prior 0.4%
- Jan. Retail Sales Control Group, est. 0.3%, prior 0.7%
- 08:30: Jan. Import Price Index MoM, est. 0.4%, prior 0.1%
- Jan. Import Price Index YoY, est. 1.9%, prior 2.2%
- Jan. Export Price Index MoM, est. 0.3%, prior 0.3%
- Jan. Export Price Index YoY, est. 1.4%, prior 1.8%
- 09:15: Jan. Industrial Production MoM, est. 0.3%, prior 0.9%
- Jan. Capacity Utilization, est. 77.7%, prior 77.6%
- Jan. Manufacturing (SIC) Production, est. 0.1%, prior 0.6%
- 10:00: Dec. Business Inventories, est. -0.1%, prior 0.1%
DB’s Jim Reid concludes the overnight wrap
May I be the first to wish many of you a happy Valentine’s Day this morning. How are my wife and I celebrating this most romantic of days? Well she’s going to a spa weekend in Bath with some friends and I’m babysitting, or what some people refer to as “parenting”. Wish me luck.
It was a love-in for markets yesterday with bonds and equities rallying following better-than-expected inflation data and news that details on reciprocal tariffs would not come before April. This led to a revival of hopes that the Fed would still cut rates this year, particularly after the more hawkish fears post the upside surprise in the CPI report the previous day. That meant the 10yr Treasury yield fell -9.5bps to 4.53%, whilst the US 2yr inflation swap (-2.1bps) also fell back a bit, coming off its highest level in almost two years. And with investors becoming more relaxed on inflation again, the S&P 500 was up +1.04%, closing less than 0.1% beneath its all-time high last month.
The stock rally gathered more steam after Trump’s press conference unveiling reciprocal tariff plans which was light on immediate specifics. Specifically, the President ordered “to investigate the harm to the United States from any non-reciprocal trade arrangements adopted by any trading partners” and propose remedies. In determining of reciprocal tariffs against individual trading partners, Trump’s memo also mentioned countries’ use of non-trade barriers and VAT taxes. Such a country-by-country process should inevitably take some time and Commerce Secretary nominee Lutnick said that investigations would complete by April 1 and remedies could be implemented immediately after. In the meantime, questions whether this tariff threat will be used as a negotiating tool are likely to linger. Separately, Trump said that tariffs on cars above the reciprocal tariffs would also be coming soon. Still, the combination of limited tariff news and lower yields led to the broad dollar index (-0.83%) falling to its lowest since mid-December.
So this did little to derail the bond rally that had emerged earlier after the release of the US PPI inflation data for January. On the face of it, the headlines weren’t overly positive, as PPI came in at +0.4% for the month (vs. +0.3% expected). However, the components of the PPI such as healthcare and air fares that feed into PCE (which is the Fed’s preferred measure of inflation) came in softly. So that led US Treasuries to rally across the curve, because the view was that this unwound some of the upside surprise we got from the CPI the previous day. As a result, futures raised the likelihood of a rate cut by the Fed’s June meeting to 45%, up from 37% the previous day, even if that’s still lower than the 58% probability before CPI.
All-in-all, this backdrop proved to be pretty favourable for US equities, with the S&P 500 (+1.04%) closing just -0.06% beneath its record high from January 23. The advance was led by the Magnificent 7, which surged +1.85%. But the rally broadened amid the limited news on tariffs, with all 11 major S&P 500 sector groups higher on the day and the small cap Russell 2000 up +1.17%. The gains were also helped by the supportive macro backdrop, as the initial weekly jobless claims fell to 213k in the week ending February 8 (vs. 216k expected), which pushed the 4-week moving average down to 216k. Moreover, the continuing claims for the week ending February 1 fell back to 1.850m (vs. 1.882m expected).
Otherwise yesterday, financial assets were still reacting to the developments around Ukraine, given President Trump had said that negotiations would open with Russia. So that led to a fresh outperformance for European equities, with the STOXX 600 (+1.09%) and the DAX (+2.09%) both powering forward to new records. Indeed, the DAX’s advance already leaves it up +13.58% for the year, cementing its position as the best performing major equity index of 2025. And in Ukraine itself, the country’s dollar bonds continued to surge yesterday, with the 10yr yield coming down to a near three year low of 12.56%. Watch out for headlines on this from the annual Munich security conference that starts today.
Elsewhere in Europe, there was some better-than-expected data from the UK yesterday, as Q4 GDP unexpectedly grew by +0.1% (vs. -0.1% expected). So that led investors to dial back the likelihood of another rate cut at the Bank of England’s next meeting in March, with the probability of a cut now down to 17%, from around 25% before the data. Nevertheless, gilts moved in line with the broader rally across the continent, with yields on 10yr bunds (-5.9bps), OATs (-8.5bps), BTPs (-7.0bps) and gilts (-5.3bps) all experiencing a decent decline on the day. The moves were further supported by declines in European natural gas futures (-3.77%), which fell after Bloomberg reported that Germany had called for exemptions from the EU’s targets for storage filling. In fact, natural gas futures are now down -12.5% from their 2-year high on Monday.
Those overnight gains on Wall Street are also echoing across Asian equity markets with the Hang Seng (+2.24%) leading gains, and getting closer to topping its near three year highs back in October. Elsewhere, the CSI (+0.70%) and the Shanghai Composite (+0.25%) are also edging higher as enthusiasm around DeepSeek continues to buoy Chinese technology shares. Meanwhile, the KOSPI (+0.48%) and the S&P/ASX 200 (+0.31%) are also trading in positive territory while the Nikkei (-0.61%) is bucking the regional trend. S&P 500 and NASDAQ 100 futures are both trading around a tenth of a percent higher.
Early morning data showed that South Korea’s unemployment rate hit 2.9% in January, easing from its three-year high of 3.7% the month before (3.2% expected). However, much of this was due to the government front loading a jobs support program so the underlying picture is less healthy. In FX, the Japanese yen (+0.10%) is strengthening for the second consecutive session trading at 152.65 against the dollar following President Trump’s decision to postpone the implementation of reciprocal tariffs.
To the day ahead now, and there are several US data releases, including retail sales, industrial production and capacity utilization for January. Otherwise, we’ll hear from the Fed’s Logan. And the Munich Security Conference will get underway.
B) EUROPEAN REPORT
C ASIAN REPORT
Trump signed a memorandum on reciprocal tariffs, earnings & speakers ahead – Newsquawk Europe Market Open
Friday, Feb 14, 2025 – 01:32 AM
- US President Trump signed a memorandum to introduce a reciprocal tariff plan; delayed implementation provided optimism regarding negotiations.
- APAC stocks were mostly higher following the positive handover from Wall St; S&P 500 and Nasdaq closed with gains of over 1%.
- European equity futures indicate a negative cash market open with Euro Stoxx 50 future down 0.4% after the cash market closed with gains of 1.8% on Thursday.
- USD is steady after yesterday’s heavy selling. EUR/USD trades around 1.0450 and Cable sits above 1.2550.
- Looking ahead, highlights include Germany Wholesale Price Index, EZ Employment, US Import/Export Prices, Retail Sales, Industrial Production, Capacity Utilisation & Manufacturing Output, BoC SLOOS, Speakers including ECB’s Panetta & Fed’s Logan, Earnings from Moderna, Hermes, Safran, Segro & NatWest.
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US TRADE
EQUITIES
- US stocks and bonds were firmer while the dollar was sold after US President Trump signed a memorandum on reciprocal tariffs which saw two-way price action but ultimately lifted equities and bonds given that the tariffs will be implemented within weeks and that studies will be done by April 1st so tariffs are “ready to go” which helped alleviate some tariff concerns as it allows time for negotiations. Furthermore, Trump stressed that other countries which feel they are being unfairly treated by the US can lower, or eliminate their tariffs on the US.
- SPX +1.04% at 6,115, NDX +1.43% at 22,031, DJIA +0.77% at 44,711, RUT +1.17% at 2,282.
- Click here for a detailed summary.
TARIFFS
- US President Trump signed a memorandum to introduce a reciprocal tariff plan and said the lack of reciprocity is one source of the large and persistent US trade deficit, while he added the annual trade deficit threatens US economic and national security. Trump said he decided to charge a reciprocal tariff and whatever countries charge the US, they will charge them, while they will consider countries that use the VAT tax system with VAT tax to be viewed as a tariff. Trump also stated that provisions will be made for non-monetary tariffs, such as tests on cars, and limitations on trade, while the reciprocal tariff system will bring fairness back and this will be over and above steel tariffs.
- US President Trump expects a lot of countries’ tariffs to stay the same and stated don’t expect any exemptions or waivers, while he stated that auto, steel, aluminium and pharma tariffs are coming soon with no exemptions to auto tariffs.
- US President Trump said the EU has 20% VAT and other measures that hurt US companies including Apple (AAPL), while he added that airlines are asking him to help with EU fees and the EU doesn’t treat the US right on trade. Trump also said that Canada has been tough on the military and is not paying enough, as well as noted that BRICS will be hit if they play with the dollar and the BRICS tariff could be 100% at least. Furthermore, Trump said he is concerned about countries shifting business to China, while he added Taiwan took their chip business away and they want that business back.
- US President Trump posted on Truth Social that he decided to charge a reciprocal tariff meaning that whatever countries charge the US, we will charge them “No more, no less!”.
- White House official said the USTR will quickly submit a report detailing proposed remedies on a country-by-country basis. Furthermore, the Trump administration could begin to impose some reciprocal tariffs within weeks and will examine the most egregious issues and countries with the biggest US trade surpluses first. It was also stated that they are not ruling out a flat global tariff and reciprocal tariffs will take into account value-added taxes charged by other countries.
- US Commerce Secretary nominee Lutnick said they are going to address each country one by one and studies should be done by April 1st.
- US President Trump said the US is to increase military sales to India and that India announced tariff reductions, while he and Modi are to begin talks on trade disparities, aiming for a trade agreement and the US plans to make up the trade deficit with oil and gas sales. Trump later commented that India will be purchasing US oil, as well as stated that India has the highest tariffs and whatever India charges, we will charge them.
- Indian PM Modi said India has set a target to double bilateral trade to USD 500bln by 2030, while he added that India and the US discussed increasing cooperation on small modular nuclear reactors and the US plays a role in India’s defence preparedness. Modi also stated that US and India will work together on AI and semiconductors, as well as noted that the US and India will focus on establishing strong supply chains for strategic minerals.
- Taiwan’s President Lai said Taiwan is willing to continue cooperation with the US across all fronts and will deepen collaboration with the US in AI and advanced semiconductors. Lai said Taiwan will strengthen communication with the US regarding concerns about the chip industry and plans to broaden US investments and purchases to balance trade.
- Japan’s Industry Minister Muto said they started communicating with the US regarding the reciprocal tariff plan.
- UK Business Minister said the UK can engage with the US on steel and aluminium tariffs.
NOTABLE HEADLINES
- US President Trump said interest rates will be going down and responded “not necessarily” when asked if consumers can expect higher prices, while he expects jobs to increase and said prices could go up somewhat in the short term. It was separately reported that President Trump signed an executive order to establish a Make America Healthy Again Commission and is scheduled to sign executive orders on Friday at 13:00EST/18:00GMT.
- US Treasury Secretary Bessent said if tariffs create inflation, it would be a one-time slight increase, while he also commented that he was barred from looking at payment systems for a few days, according to a Fox interview.
- White House is seeking to renegotiate CHIPS Act awards and said some upcoming payments are to be delayed, according to Reuters citing sources.
- US judge ordered the Trump administration to restore funds for foreign aid programs, according to Politico.
- US State Department said the plane carrying US Secretary of State Rubio to Munich experienced a mechanical issue and was forced to turn around.
APAC TRADE
EQUITIES
- APAC stocks were mostly higher following the positive handover from Wall St, where yields declined following the latest PPI data and stocks benefitted despite US President Trump’s reciprocal tariff plan, as the delayed implementation provided optimism regarding negotiations.
- ASX 200 touched a record high with the index led by strength in gold miners, tech and some defensive sectors.
- Nikkei 225 bucked the trend and was pressured by recent currency strength although Sony, Nissan and Honda were among the biggest gainers in the index post-earnings.
- Hang Seng and Shanghai Comp were positive with continued strong momentum in Hong Kong amid a tech surge, although the gains in the mainland were only modest despite the PBoC’s recent policy implementation pledges, while this week’s open market operations resulted in a net weekly drain of around CNY 575bln.
- US equity futures (ES +0.1%, NQ +0.1%) traded sideways after benefitting from the reciprocal tariff plan with delayed implementation.
- European equity futures indicate a negative cash market open with Euro Stoxx 50 future down 0.4% after the cash market closed with gains of 1.8% on Thursday.
FX
- DXY lacked direction after ultimately weakening yesterday following President Trump’s reciprocal tariff memorandum in which he pledged to impose levies on “every country” that America has a trade deficit with and took aim at countries using VAT against the US. This initially boosted the dollar although the knee-jerk reaction quickly reversed given that implementation of the tariffs was delayed with a White House official noting they could begin to impose some reciprocal tariffs within weeks, while US Commerce Secretary nominee Lutnick said they are going to address each country one by one and studies should be done by April 1st, which effectively provides ample time for negotiations.
- EUR/USD held onto most of the prior day’s spoils north of 1.0400 after whipsawing on Trump’s latest tariff plan.
- GBP/USD plateaued after gradually edging higher during the prior day to reclaim the 1.2500 status which also followed the recent better-than-expected quarterly UK GDP data.
- USD/JPY remained constrained after the recent decline to sub-153.00 territory owing to softer US yields.
- Antipodeans kept afloat amid the mostly positive risk tone but with gains capped in the absence of any pertinent tier-1 releases and ahead of next week’s central bank meetings with both the RBA and RBNZ widely expected to cut rates.
- PBoC set USD/CNY mid-point at 7.1706 vs exp. 7.2739 (prev. 7.1719).
- SNB Governing Board Member Tschudin said maintaining price stability is the most important task for the SNB and inflation can be outside the 0-2% target temporarily with the medium-term development more important. She also stated SNB’s policy toolbox includes the use of foreign exchange interventions and that negative interest rates remain an important policy instrument if needed.
FIXED INCOME
- 10yr UST futures stalled after hitting resistance at the 109.00 level but held on to most of the prior day’s spoils in the aftermath of the PPI data which topped forecasts but showed cooling pressures of the components that feed into PCE.
- Bund futures took a breather following a recent resurgence and with upside capped ahead of the 133.00 level.
- 10yr JGB futures initially followed suit to the advances in global peers but then faded the gains amid a quiet calendar and softer 5yr JGB auction.
COMMODITIES
- Crude futures were rangebound after yesterday’s indecisive mood owing to Trump tariffs and hot US PPI data.
- Spot gold sat near the prior day’s best levels after the greenback ultimately softened yesterday due to President Trump’s reciprocal tariff plan with a delayed implementation.
- Copper futures edged higher with prices underpinned by the mostly constructive risk environment.
CRYPTO
- Bitcoin was indecisive and briefly returned to above the USD 97,000 level before pulling back.
NOTABLE ASIA-PAC HEADLINES
- Chinese Foreign Minister Wang said in a meeting with UK PM Starmer that China and the UK need to strengthen strategic communication and mutual trust, while they need to strengthen cooperation in climate change, AI, and green development. Wang also stated in a meeting with the UK Foreign Secretary that both sides will seek cooperation in financial services, clean energy and AI, while they reached a consensus on a roadmap for bilateral exchanges and cooperation. Furthermore, Wang stated that preparations are underway for dialogues on economy, trade, health, and industry.
- US President Trump said the TikTok deadline could be extended and he hopes to make a deal on TikTok, while they will make it worthwhile for China to approve the TikTok sale. It was separately reported that TikTok’s CEO plans more streamlining as talks with the Trump team continue and it is working with a ‘key person’ in the Trump administration on the US ban issue.
- Japan’s lower house voted to approve government nominee Junko Koeda for the BoJ board.
GEOPOLITICS
RUSSIA-UKRAINE
- US President Trump said officials from the US and Russia are to meet in Munich on Friday and Ukraine is also invited. Trump also stated that he had a good conversation with Russian President Putin the other day, while he added that the US is working with Ukrainian President Zelensky and that Russian Putin wants to make a deal but later commented that it is too soon to say what will happen in negotiations on Ukraine.
- Ukrainian President Zelensky warned world leaders not to trust Russian President Putin’s claims of readiness to end the war. It was separately reported that Zelensky praised a “good result” on the war front but provided no details or location although he congratulated a specific regiment, appearing to indicate military action was near the frontline city of Pokrovsk, according to Reuters.
- Ukrainian President Zelensky’s advisor said Ukraine does not plan talks with the Russian side at the Munich conference, while the adviser stated the US, Europe, and Ukraine need a common position before engaging in talks with Russia.
OTHER
- US President Trump said they had been talking about denuclearising and are going to do it, as well as noted there is no reason to build nuclear weapons and they could halve defence spending. Trump also stated that he wants a conference with Russia and China on defence spending and he will meet with China at some point, while he later commented that he will meet with China and Russia and try to de-escalate.
- Chinese Defence Ministry said Australia deliberately provoked China in the South China Sea on February 11th and has spread false narratives, while it is “invading and breaking into the homes of others”. It also stated that Australia must strictly restrain the actions of its front-line naval and air forces and avoid stirring up trouble in the South China Sea, as well as warned that Australia would only harm others and itself.
EU/UK
NOTABLE HEADLINES
- EU is cutting back tech rules to boost AI investment, according to the bloc’s digital chief cited by FT.
3 .ASIA
3A NORTH KOREA/SOUTH KOREA
end
3BJAPAN
end
3C. CHINA/
CHINA /
END
END
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
NATO
NATO USA
Hegseth To NATO Allies: You Can’t Turn ‘Uncle Sam Into Uncle Sucker’
Friday, Feb 14, 2025 – 02:45 AM
“Make no mistake, President Trump will not allow anyone to turn Uncle Sam into ‘Uncle Sucker,'” US Defense Secretary Pete Hegseth told a press conference at NATO headquarters in Brussels. Sky News and others subsequently declared, now NATO gets the MAGA treatment…
Hegseth brought a message saying “we must make NATO great again” and called on European allies to do “far more for Europe’s defense” – such as ramping up defense spending to 5% of GDP in line with Trump policy. The Pentagon chief laid out that he’s been given “clear mission” from the Commander-in-Chief to “achieve peace through strength as well as put America first”.
This is being done, he explained, by “reviving the warrior ethos, rebuilding our military and re-establishing deterrence”.
“NATO should pursue these goals as well,” Hegseth added. “NATO is a great alliance, the most successful defence alliance in history. But to endure for the future, our partners must do far more for Europe’s defense.”
When asked about US military funding for Ukraine moving forward, Hegseth responded: “I think it would be fair to say that things like future funding, either less or more, could be on the table in negotiations.”
The day prior he shocked European partners by declaring that there will be no future admission of Ukraine into NATO. Commenting on follow-up questions regarding Trump’s commitment to NATO, one UK correspondent observed the following:
[Mark] Stone says Hegseth’s messaging was “so clear”, particularly when asked if America was still committed to article five, which states that an attack on one NATO nation is effectively treated as an attack on all of NATO.
“He was quite clear that, yes, America is a NATO member and article five stands,” Stone explains.
“I think that will be very encouraging for anyone who is under any confusion about that yesterday.”
Indeed Hegseth rejected accusations that the US stance is undermining NATO security and stability. “NATO is a great alliance, the most successful defense alliance in history, but to endure for the future our partners must do far more for Europe’s defense. We must make NATO great again,” he said during the presser from Brussels.
His reference to not allowing the United States to be a sucker came at the very end of the remarks:
Hegseth says at the end of Eisenhower’s presidency, he was concerned Europe was not shouldering enough of its own defense, “nearly making, in Eisenhower’s words, a sucker out of Uncle Sam”.
He finishes by saying Trump “will not allow anyone to turn Uncle Sam into Uncle Sucker”.
Realism… is not a concession to Putin, but an acknowledgement of reality on the ground…
Clearly, MAGA has put Europe on notice, and it’s evident to all particularly when it comes to rapidly moving forward with diplomatic engagement with Putin and negotiations to settle the war.
Hegseth just dropped the mic at the NATO summit…
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HAMAS
Hamas will be ready to begin Phase Two of negotiations, senior official says – report
By JERUSALEM POST STAFFFEBRUARY 14, 2025 01:19Updated: FEBRUARY 14, 2025 03:57
Hamas will be ready to negotiate Phase Two of the ceasefire agreement and hostage release schedule from Monday, senior official Osama Hamdan said to Qatar-based Al Araby TV on Thursday.
Additionally, Walla reported that Hamdan emphasized Hamas’ commitment to the agreement and quoted him stating, “If Israel fulfills its obligations, then we will continue to release the hostages as agreed on Saturday or in the remaining days to come.”
HAMAS/ ISRAEL
Hamas expected to free three hostages, Israeli forces foil planned terror attacks
Rubio: Arab countries unwilling to accept Palestinian refugees • Israel’s military presence in Lebanon dependent on Beirut’s actions, official tells ‘Post’
Members of the Al-Qassam Brigades, the military wing of Hamas, attend the funeral of the bodies of Al-Qassam fighters who were killed during the Israeli war on Gaza.(photo credit: ABED RAHIM KHATIB/FLASH90)
Israel expects Hamas on Friday to deliver a list of three hostages to be released on Saturday, an Israeli official familiar with the matter told The Jerusalem Post on Thursday.
Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani is expected to send the list to Mossad chief David Barnea.
The expected release this weekend would settle a crisis threatening to unravel an already fragile ceasefire and follows Hamas’s threat earlier this week to withhold the hostages unless Israel fulfills its humanitarian obligations.
Hamas claimed Israel has not allowed all the agreed-upon humanitarian aid to enter Gaza as stipulated in the agreement and has not allowed enough Palestinians who were forced to relocate south to return to the north.
Israel accused Hamas of breaching the agreement, including on Thursday evening when the military said Hamas had fired a rocket from Gaza that landed in the enclave. The military subsequently struck the launcher, it said.
Hamas, whose Political Bureau chief Khalil Al-Hayya is visiting Cairo for talks with Egyptian security officials, also said both Egyptian and Qatari mediators would press on with efforts “to remove obstacles and close gaps.”
On Thursday, Hamas stated that Israel agreed to allow prefabricated housing and heavy equipment for rubble removal into Gaza. However, the prime minister’s spokesperson, Omer Dostri, dismissed these reports as “fake news” in a post on X/Twitter.
An Israeli official told the Post that, “as of now,” nothing will enter through the Rafah border crossing, but “things might change in the coming days.” The source added that any equipment and housing units – if allowed entry – would come through an Israeli border crossing, where they would be inspected and cleared by security personnel before reaching Gaza.
Hamas also stated on Thursday that it remains committed to implementing the Gaza ceasefire deal.
The terrorist group clarified that it would continue releasing hostages “as scheduled,” meaning only three hostages on Saturday. This runs contrary to US President Donald Trump’s demand to release “all of the hostages” and some calls by Israeli officials to release all nine remaining hostages who are alive and supposed to be freed throughout the rest of phase one of the deal.
If not, both Trump and Israeli officials threatened, “the gates of hell will open.”
Hostages are priority
US Secretary of State Marco Rubio is set to arrive in the region, including Israel, on Saturday. A diplomatic source told the Post that there is also a possibility that Steve Witkoff, Trump’s Middle East envoy, will visit in the coming days.
Two officials told the Post that the current goal is to accelerate the release of the remaining nine living hostages. “After seeing the images of the hostages’ condition last week, we need to get them out as fast as possible,” said one source. Another Israeli objective is to expand the list of hostages released in phase one.
The current agreement says Hamas is to release 33 hostages, some of them dead, but there are attempts to change the number. “Every hostage is a ‘humanitarian case’ – the criterion for those being released in phase one,” said the source. “Everyone is waiting to see what happens on Saturday.”
Prime Minister Benjamin Netanyahu met on Thursday with senior defense officials at Southern Command to discuss operational plans for various scenarios as military forces have gathered near the Gaza border.Reuters contributed to this report.
END
Sagui Dekel Chen, Alexander Sasha Troufanov and Iair Horn to be released Saturday
The PMO said Israel had approved the list but walked back the approval shortly after, claiming there was a “mistake in typing.”
By AMICHAI STEIN, JERUSALEM POST STAFFFEBRUARY 14, 2025 13:25Updated: FEBRUARY 14, 2025 16:07
Sagui Dekel Chen, Alexander Sasha Troufanov and Iair Horn are the hostages set to be released by Hamas and the Palestinian Islamic Jihad on Saturday, the Prime Minister’s Office confirmed on Friday.
The PMO said that Israel had received the list but claimed it had not yet approved it, despite having said just before that the list was accepted.
Palestinian Islamic Jihad (PIJ) said it would release one hostage on Saturday as part of the hostage-ceasefire deal, the group announced on Friday.
Separately, Hamas said the terror groups in Gaza would release on Saturday three hostages, including one with US citizenship, in accordance with the terms of the ceasefire.
Following the publication of the three names, Hamas announced that 369 prisoners will be released from Israeli prisoners on Saturday as part of the exchange. 36 are serving life sentences.
Hostage Families Forum
The Hostages Families Forum said it welcomed the “joyous news” but reminded everyone that “the shocking footage of hostage survivors from Saturday and the latest signs of life prove that time is running out for those still held captive.”
The forum stressed the necessity of reaching a “comprehensive and immediate agreement, without gaps or delays, to return all hostages – the living for rehabilitation and the deceased for proper burial.”
END
ISRAEL HAMAS/OPINION PIECE
(JERUSALEMPOST)
My Word: The haunted eyes of hostages in Gaza
Without a concerted international effort to back Israel, the “day after” will be another October 7. And the day after that will be 9/11 all over again.
By LIAT COLLINSFEBRUARY 14, 2025 09:06
It was a haunting image, and it has changed the country. Israelis have been through hostage release rituals staged by Hamas in Gaza before, but they weren’t prepared for what they saw last Saturday. It’s hard to prepare for that.
Three men – Eli Sharabi, Ohad Ben Ami, and Or Levy – were paraded on the platform, supported by Hamas terrorists when they were unsteady on their feet. All three looked frail and emaciated, but it was the haunted look of the skeletal Sharabi that continues to play on our minds and fears.
This is what he looked like even before the devastating news of his losses – before he learned that his wife and two daughters had been murdered during the Hamas invasion and mega-atrocity on October 7, 2023, and that his brother, Yossi, had been killed in captivity.
In one final act of psychological abuse, Hamas just before the handover to the International Red Cross Committee officials led him to believe he was about to be reunited with his family.
Sharabi, 52, and Ben Ami, 56, were abducted from their homes on Kibbutz Be’eri. British-born Lianne Sharabi and daughters, Noiya, 16, and Yahel, 13, were killed in their safe room.
Ben Ami’s wife, Raz, was among the 251 kidnapped and was released in a deal last year. Or Levy, 34, and his wife, Eynav, had left their toddler with Eynav’s parents to have some fun at the Supernova music festival.
Eynav was among the 20 murdered in a roadside shelter while seeking safety. Or was taken hostage by the terrorists, along with among others, Hersh Goldberg-Polin, who was murdered in captivity. Almog, Or’s now three-year-old son, reportedly said to his father on their reunion: “Daddy, it took you a long time to come back.”
The shocking appearance of the three Israeli men has been compared to the images of skeletal concentration camp survivors when they were released. It’s an obvious comparison. On October 7, 2023, a total of 1,200 people were murdered and thousands wounded as Hamas, Palestinian Islamic Jihad, and other terrorists swept through southern Israeli communities, killing, raping, torturing, looting, and setting homes on fire. The ISIS-style attack was the most heinous act of savage barbarity aimed at the Jews since the Holocaust.
I don’t believe anything should be compared to the Holocaust, unique in its scope, scale, and evil, but October 7 has earned its own date of infamy in history. Like 9/11, the date is scorched on our psyche, scars that might heal but will never disappear.
At the release of the three men, a major Hamas deception was on display for those who wanted to see: The contrast between the well-fed, well-armed terrorists and their hostage victims was striking. There clearly has been no lack of food reaching Hamas; there has been deliberate starvation of its captives.
There will always be those who prefer to blame the victim – as long as they are Jewish victims. In a particularly outrageous Facebook comment last week, one “useful idiot” tried to convince me that “realistically, those tunnels kept the hostages safe from Israel’s Hannibal Directive. Israel will gleefully kill its own citizens for its own goals…”
The presence of Red Cross officials on the stage for the handover further accentuated their absence during the nearly 16 months of captivity when they failed to visit any hostages or even deliver essential medicines.
INTERNATIONAL MEDIA coverage of the theater of terror included some distortions so abominable that Israeli President Isaac Herzog took certain networks to task. Media monitor NGO HonestReporting singled out three outlets that particularly disgraced themselves: the BBC, CNN, and The Guardian.
The BBC declared “concerns over appearance of hostages on both sides,” equating the innocent civilians kidnapped and tortured by Hamas – a terrorist organization banned in the UK – with the prisoners released from Israeli jails, where they had been serving sentences for terror-related offenses, including murder.
“CNN’s coverage of the hostage handover also led with grotesque attempts to equate hostages and prisoners, with its lead story claiming that ‘many of [the prisoners] appeared emaciated and in poor health,’” HonestReporting pointed out.
Meanwhile, in a headline that HonestReporting said amounted to “journalistic depravity,” The Guardian wrote: “Fifth ceasefire exchange sees gaunt captives emerge from Gaza and Israel.”
On Monday evening, Hamas declared it would not be releasing the next three hostages on Saturday as called for in the deal. The reason is not clear – Hamas issued its usual slogans calling for more humanitarian aid, but this is not about bringing in more than the hundreds of trucks of aid already entering the Gaza Strip daily.
If anything, the insistence of the Biden administration and the international community on ever larger amounts of “humanitarian aid” fueled Hamas and prolonged the war. Look Eli Sharabi in the eyes and try to pretend that the food reached the Israeli hostages.
It’s possible that Hamas had not realized the depths of the outrage at the obvious abuse of the male hostages and wants more time to improve the look of the next men before they are released.
Sharabi, Ben Ami, and Levy all told relatives of a starvation diet and of being shackled in a small room in a terror tunnel, unable to move, without fresh air or daylight. However, if the terrorists try to force food on hostages suffering from prolonged starvation, as we know from the experience of concentration camp victims, the results can be fatal.
It is more likely that Hamas is trying to demonstrate it is still in control after Israel pulled out from the Netzarim Corridor dividing north and south Gaza and allowed Gazans to return to the northern area. The IDF withdrawal from Netzarim meant Israel lost both leverage and a security mechanism, but it was part of the agreement reached to facilitate the hostage release.
As soon as Palestinians began to return to the northern Gaza Strip, groups approached the off-limit perimeter area close to the border fence, just a few hundred meters from the kibbutzim that were attacked on October 7. IDF soldiers opened fire on those who came too close and came under international knee-jerk condemnation.
Hamas is evil but not stupid. It is also possible that by threatening to stop the hostage release, it is aiming to deliberately foster the rifts in Israeli society, a strategy the terrorist organization and its Iranian backers have long used to weaken the country.
After Israelis saw the images of the three starved men, Hamas is hoping to raise the price for future releases. Israel has to balance the risks to the lives of the remaining hostages and the future threats to millions of Israelis with the mass release of terrorists. Of the 76 hostages in Gaza, 35 are believed to be alive – for now.
The oldest, Shlomo Mantzur, an Iraqi-born kibbutznik who was 85 when he was abducted, was declared to be dead this week. There are also grave fears concerning Shiri Bibas and her two ginger-haired toddler sons, the youngest hostages. This too is a standard part of Hamas’s psychological warfare.
‘All hell is going to break out’
On Monday evening, President Donald Trump called for all the hostages to be released this Saturday, threatening characteristically “or all hell is going to break out.” He added that if this did not happen, he would advise canceling the ceasefire agreement between Israel and Hamas, although he emphasized that ultimately “it was Israel’s decision.”
The US could bring pressure on Hamas backers Qatar and Turkey and also press harder on Egypt and Jordan to accept Palestinians from Gaza while the area is being rehabilitated and turned into a Mediterranean resort with decent living conditions, in accordance with the plan Trump announced last week.
At the time of this writing, there is no way to know what will happen, but as long as Hamas stays in place and in power, no one is safe: not Palestinians, not Israelis, and not the Western world, whatever its media sympathies may be.
The writing is on the wall – or at least on the banners on the stage where jihadist Hamas held its ritual handover: “We’re the [al-Aqsa] Flood. We’re the day after,” the slogans declared.
No contrition. No suggestion of a better future. Just threats of more murder and terror. Without a concerted international effort to back Israel, the “day after” will be another October 7. And the day after that will be 9/11 all over again.
SYRIA/RUSSIA
SYRIA ISRAEL
SRAEL/HAMAS.HEZBOLLAH.WEST BANK
RUSSIA/UKRAINE/USA
Russia vs USA/CHINA
Trump Tells Xi, Putin ‘Let’s Cut Military Budget In Half’ – Says Russia Should Be Back In G7
Thursday, Feb 13, 2025 – 04:40 PM
On Thursday President Donald Trump continued to signal positive feelings about a future relationship with Russia and Putin, telling reporters that he’d like to see Russia invited back in to join the The Group of Seven major economies, or G7, which until 2014 was the G8 when Russia was included.
“I’d love to have them back. I think it was a mistake to throw them out. Look, it’s not a question of liking Russia or not liking Russia. It was the G8,” Trump said from the Oval Office upon announcing new US reciprocal tariffs.
“I said, ‘What are you doing? You guys – all you’re talking about is Russia and they should be sitting at the table.’ And he then added, “I think Putin would love to be back.”
The G7 countries are Canada, France, Germany, Italy, Japan, the UK and the US. In 2014 these nations decided to expel Russia over the annexation of Crimea, but Moscow pointed out that Crimeans overwhelmingly voted to become part of the Russian Federation after a popular referendum.
Another highlight from the Oval Office press conference was when the president called on China and Russia to join the United States in agreeing to cut their enormous defense budgets in half. He said in the context of also urging the three major powers to restart nuclear arms control talks.
“One of the first meetings I want to have is with President Xi of China, President Putin of Russia. And I want to say, ‘let’s cut our military budget in half.’ And we can do that. And I think we’ll be able to,” Trump declared.
According to an Associated Press summary of the comments:
Speaking to reporters in the Oval Office, Trump lamented the hundreds of billions of dollars being invested in rebuilding the nation’s nuclear deterrent and said he hopes to gain commitments from the U.S. adversaries to cut their own spending.
“There’s no reason for us to be building brand new nuclear weapons, we already have so many,” Trump said. “You could destroy the world 50 times over, 100 times over. And here we are building new nuclear weapons, and they’re building nuclear weapons.”
“We’re all spending a lot of money that we could be spending on other things that are actually, hopefully much more productive,” Trump continued.
Russia and the US have long had the world’s biggest nuclear arsenals, but China has in the last ten years been making strides to greatly bolster its strategic capabilities, which has alarmed the West. Trump warned that any future nuclear use by a global power is “going to be probably oblivion.”
Likely Moscow and Beijing will receive these words positively as an overture, especially on the nuclear front, but neither will actually heed Trump’s call to pledge a 50% reduction in defense spending – especially when Russia is at war in Ukraine and under US-EU sanctions. They might tell the Trump White House instead: ‘your move first’.
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
FDA Misled The Judiciary About Pfizer’s Vaccine Documents
Thursday, Feb 13, 2025 – 09:45 PM
Authored by Maryanne Demasi via The Brownstone Institute,
On December 6, 2024, a federal judge ordered the US Food and Drug Administration (FDA) to release documents related to the emergency use authorisation of Pfizer’s Covid-19 vaccine. These documents had been hidden from public view.
The legal battle traces back to September 2021, when attorney Aaron Siri filed a lawsuit under the Freedom of Information Act (FOIA) on behalf of the Public Health and Medical Professionals for Transparency. The plaintiffs sought access to the vast trove of documents the FDA relied on to approve Pfizer’s vaccine.
Initially, the FDA proposed a slow release schedule. In November 2021, the agency stated it would release just 500 pages per month—a pace that would have stretched the full disclosure process to 75 years.
However, in January 2022, District Judge Mark Pittman of Texas rejected the FDA’s proposal, ordering the agency to expedite its release to 55,000 pages per month, aiming to complete the disclosure of all 450,000 pages by August 2022.
As the documents trickled out, researchers began uncovering glaring gaps that prevented a systematic review of the data. These gaps fueled suspicions about what else the FDA might be withholding.
It became evident that the FDA had withheld records directly tied to its emergency use authorisation of Pfizer’s vaccine, estimated to be over one million pages.
These documents, which the FDA had full knowledge of, were excluded from earlier disclosures, effectively misleading the judiciary and undermining public trust.
Siri didn’t mince words.
“The FDA has been hiding a million pages from the Court, the plaintiff, and the public. Only those concerned about the truth seek to conceal evidence,” said Siri in an interview.
“The FDA here is clearly concerned about the truth and lacks confidence in the review that it conducted to license Pfizer’s COVID-19 vaccine because it is doing everything possible to prevent independent scientists from conducting an independent review,” he added.
Aaron Siri, Managing Partner of Siri & Glimstad LLP
Judge Pittman’s latest court order to expedite the full disclosure of documents acknowledges the public’s right to scrutinise the data that underpin one of the most significant public health interventions in history.
In his ruling, Judge Pittman invoked a powerful reminder from American revolutionary Patrick Henry:
“The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them.”
Pittman concluded, “The COVID-19 pandemic is long passed, and so has any legitimate reason for concealing from the American people the information relied upon by the government in approving the Pfizer vaccine.”
According to the latest court order, the additional documents are slated for release by June 2025. However, Siri is unsure about whether the FDA will release these records in installments or in a single tranche. Either way, he is not taking any chances.
Siri issued a legal notice to the FDA and other agencies within the Department of Health and Human Services, warning against the destruction, deletion, or modification of any relevant documents and vowing to report any such violations to the Department of Justice.
“The FDA has spent far too long thinking it can do whatever it wants without accountability,” Siri said.
He speculated that the FDA may try to extend its deadline and prolong the legal battle, given its army of attorneys and vast resources.
“I think they’re hoping that we will just go away. What the FDA doesn’t know is that we’re never going away. We won’t stop fighting for freedom and rights, ever,” added Siri defiantly.
A spokesperson at the FDA said it “does not comment on ongoing litigation.”
end
Republished from the author’s Substack
ROBERT H
Another Reason to Floss: Protection Another Reason to Floss: Protection Another Reason to Floss: Protection
From Stroke From Stroke From Stroke
In addition to supporting oral health, flossing may protect the heart and brain, according to
recent research.
Flossing may seem like a hassle for some. However, a new study adds
to the evidence that flossing is worth the effort, as it may reduce the
risk of stroke stemming from blood clots and irregular heartbeat. A
preliminary study bolsters the research, finding that a common
bacterium in the mouth is linked to an increased risk of stroke.
One should know how to avoid flossing mistakes to reap both the
known benefits of oral hygiene and the newly reported ones.
Flossing and Stroke Risk Flossing and Stroke Risk Flossing and Stroke Risk
The new study, presented at the American Stroke Association’s
International Stroke Conference 2025 in Los Angeles, was published in
Stroke on Thursday. Researchers aimed to identify which dental
hygiene practice—dental flossing, brushing, or regular dentist visits—
is most protective against stroke.
The researchers evaluated the home use of dental floss through a
structured questionnaire involving more than 6,000 people with no
history of stroke and more than 6,000 with no history of atrial
fibrillation. Among those who reported flossing at least once per week,
4,092 had not been diagnosed with stroke, and 4,050 had not
experienced a serious type of irregular heart rhythm called atrial
fibrillation (AFib), which also raises the risk of blood clots resulting in
stroke.
Participants also answered questions about other dental habits,
including regular brushing and dental visits, and provided
information regarding body mass index, smoking, cholesterol,
diabetes, and blood pressure, which the researchers took into
consideration when analyzing results.
The participants were followed for 25 years. During this time, 434
experienced a stroke. Of these strokes, 147 stemmed from a blood clot
in a larger artery in the brain (thrombotic), 97 were due to heart-
driven blood clots (cardioembolic), and 95 were caused by hardening
of the smaller arteries (lacunar). Additionally, nearly 1,300
participants experienced AFib.
Researchers linked flossing to a 22 percent lower risk of ischemic
stroke (blood clot in a brain artery) and a 44 percent lower risk of
stroke from blood clots traveling from the heart. Flossing was also
associated with a 12 percent lower risk of AFib and reduced likelihood
of cavities and gum disease. There was, however, no link between
flossing frequency and reduced risk of thrombotic or lacunar strokes.
More frequent flossing
was linked to more
significant risk
reductions, and the risk
reductions were
independent of regular
brushing and dental
visits.
“Oral health behaviors
are linked to
inflammation and artery hardening. Flossing may reduce stroke risk
by lowering oral infections and inflammation and encouraging other
healthy habits,” lead author Dr. Souvik Sen, chair of the Department of
Neurology at Prisma Health Richland Hospital and the University of
South Carolina School of Medicine in Columbia, South Carolina, said in
a press statement.
“Many people have expressed that dental care is costly,“ he said. ”
Flossing is a healthy habit that is easy to adopt, affordable and
accessible everywhere.”
If the results are later verified, dental health practices may be
considered one of the main factors affecting general public health.
“With further research, dental health practices could possibly be
incorporated into the ‘Life’s Essential 8’ risk factors, which include
diet, physical activity, nicotine exposure, sleep, body mass index,
blood pressure, blood glucose and blood lipids,” Daniel T. Lackland, a
professor of epidemiology at the Medical University of South Carolina
who has a doctorate in cardiovascular epidemiology, said in the press
statement.
Oral Bacteria and Stroke Risk Oral Bacteria and Stroke Risk Oral Bacteria and Stroke Risk
A preliminary study, also presented at the International Stroke
Conference, further reinforces the idea that flossing may help prevent
stroke.
The authors found that Streptococcus anginosus, a common bacterial
strain in the mouth and gut, is present in large numbers in the gut of
people with stroke. It is also linked to a more serious prognosis and a
higher risk of death.
This discovery was built on an earlier study conducted by the same
research team that found that Streptococcus mutans, a bacteria
causing tooth decay, was associated with a higher risk of bleeding
inside the brain.
“Our findings offer new insights into the connection between oral
bacteria and the risk of stroke, as well as potential strategies for
stroke prevention,” lead author Dr. Shuichi Tonomura, staff physician
in the Department of Neurology at the National Cerebral and
Cardiovascular Center in Osaka, Japan, said in a press statement.
“Both Streptococcus mutans and Streptococcus anginosus are bacteria
that contribute to tooth decay by producing acids that break down
tooth enamel.”
The Epoch Times asked Tonomura how important flossing is in
removing these stroke-associated bacteria from the mouth. In an
email, he replied that flossing generally reduces bacteria-inducing
dental caries and periodontitis and improves oral hygiene.
At least part of the connection between oral health and stroke involves
the gut. “We assume that reducing these bacteria from the oral cavity
will be a reasonable strategy to help prevent their migration to the gut
and help prevent stroke,” he added.
Mechanisms Explained Mechanisms Explained Mechanisms Explained Mechanisms Explained
A review published in the American Heart Journal Plus: Cardiology
Research and Practice noted that epidemiological evidence suggests a
potential association between gum disease and cardiovascular disease
(CVD). CVD includes heart attack, stroke, coronary heart disease, and
peripheral artery disease.
Researchers have hypothesized about what may underlie the
association between cardiovascular disease and stroke. Bacteria from
gum disease plaque enters the bloodstream and activates platelets, or
cell fragments in the blood involved in clotting. When activated,
platelets coalesce and form a clot, which can cause a cardiovascular
event.
Platelet activation can also result in the secretion of inflammatory
substances that contribute to the development of fatty plaques in the
arteries (atherosclerosis) and the formation of blood clots (thrombus).
These inflammatory substances can result in systemic inflammation,
which is also thought to play a role.
Dr. Leonard Pianko, founder and medical director of Aventura
Cardiovascular Center, told The Epoch Times in an email that flossing
is an essential part of gum disease prevention, along with brushing
your teeth and regularly visiting your dentist. Flossing removes
plaque and bacteria from your teeth and prevents gum disease, which
reduces your risk of heart disease and stroke.
“Not everyone with gum disease develops cardiovascular problems,
and not everyone with heart disease has gum disease,“ said Pianko. ”
However, the research indicates there is a strong link, which is why it
is essential to maintain good oral hygiene.”
Flossing Tips Flossing Tips Flossing Tips Flossing Tips
Some people find flossing challenging, but the National Institute of
Dental and Craniofacial Research offers the following helpful tips:
Floss by feel rather than sight: Floss by feel rather than sight: Floss by feel rather than sight: Floss by feel rather than sight: Instead of looking in the mirror
when flossing, it may help to do the task just by feel. A mirror
reverses the image, making coordinating the eyes and hands
challenging.
A long length of floss is better: A long length of floss is better: A long length of floss is better: A long length of floss is better: Use floss that is a minimum of
18 inches long, with the used portion wrapped around the ring
and middle fingers. Shorter pieces of floss are harder to control.
Saw instead of snap: Saw instead of snap: Saw instead of snap: Saw instead of snap: Use a sawing motion instead of a snapping
motion to slide the floss between the teeth. Snapping can harm the
delicate tissues between the teeth.
Try manual alternatives: Try manual alternatives: Try manual alternatives: Try manual alternatives: A water flosser, interdental brushes,
or a floss holder can also remove plaque from between the teeth.
Research shows that some dental floss contains potentially harmful
chemicals. A study in Environmental Pollution found microplastics in
floss, while Environmental Science: Processes and Impacts identified
per- and polyfluoroalkyl substances (PFAS).
To minimize risk, choose floss labeled PFAS-free or opt for natural
fibers like silk instead of plastic and natural coatings like beeswax
instead of petroleum-based wax. If a floss package doesn’t list
ingredients, assume it may contain harmful chemicals.
Dr. David Rizik, an interventional cardiologist at HonorHealth, shared
his thoughts on flossing with The Epoch Times in an email.
“In every person’s bathroom, there is a powerful tool: dental floss,” he
said. “You might think it’s just about fresh breath and preventing
cavities, but there’s more to the story.”
Rizik summarized: “It is important that you see your dentist to discuss
issues related to gum disease and bacteria formation which can cause
heart and vascular disorders. That small string we call dental floss is
more than a teeth cleaner—it protects your brain as well. For just
$1.29 at your local drugstore, it is an easy investment in your overall
health.”
end
end
and
20) Federal Documents Prove Obama Ordered the Creation of COVID-19 in 2015
Beyond nuts.
https://forbiddennews.substack.com/p/federal-documents-prove-obama-ordered
MARK CRISPIN MILLER
UNITED STATES
New York Dolls Singer, Punk Icon David Johansen Reveals Stage 4 Cancer Diagnosis and Brain Tumor
February 10, 2025
New York Dolls co-founder and punk icon David Johansen has revealed that he is battling a brain tumor and stage four cancer. The news came via a Sweet Relief Fund in his name seeking to raise money for the singer’s ongoing care in which his daughter, Leah Hennessey, revealed the extent of her 75-year-old father’s health issues. “Five years ago at the beginning of the pandemic we discovered that David’s cancer had progressed and he had a brain tumor,” Leah wrote. “There have been complications ever since. He’s never made his diagnosis public, as he and my mother Mara are generally very private people, but we feel compelled to share this now, due to the increasingly severe financial burden our family is facing.” She noted that in a further blow, the singer known for his outrageous, high-energy stage persona, fell down a flight of stairs after Thanksgiving and broke his back in two places. Following a week-long hospital stay and a successful surgery, Leah said her dad has been bedridden and incapacitated since then and “due to the trauma, David’s illness has progressed exponentially and my mother is caring for him around the clock.” In a statement, Johansen said, “We’ve been living with my illness for a long time, still having fun, seeing friends & family, carrying on, but this tumble the day after Thanksgiving really brought us to a whole new level of debilitation. This is the worst pain I’ve ever experienced in my entire life. I’ve never been one to ask for help but this is an emergency. Thank you.”
Former Glinda, 39, Announces Cancer Diagnosis: ‘I Have No Hair but I Have My Spirit
February 5, 2025
Stage actress Kara Lindsay is “celebrating closing [a] massive chapter” after revealing her breast cancer diagnosis. The former Glinda in the Broadway production of Wicked took to Instagram on World Cancer Day on Feb. 4, noting that it felt “like the appropriate day to share” she was diagnosed with stage II breast cancer during her time as Sutton Foster’s standby in Once Upon a Mattress this past fall. She was quick to assure fans and friends alike that she’s “going to be ok,” feeling “very lucky” to have caught the cancer “early” and quickly beginning eight rounds of chemotherapy, which she wrapped up just days earlier on Jan. 30.
Former Iowa forward Ava Jones diagnosed with cancer amid retirement, car collision recovery
February 8, 2025
Before the college basketball season began, Iowa lost forward Ava Jones [19] due to a medical retirement. Jones was struck by an impaired driver in July 2022 and was still working on recovery. The incident occurred just a few days after Jones decided to commit to Iowa. Flash forward to Saturday and more devastating news has come. Jones revealed she recently was diagnosed with Hodgkin’s lymphoma after getting results from a biopsy. She expressed confidence in the doctors Iowa has provided her with as the fight instantly begins. “This is the news no one ever wants to get, but especially after spending the last 2 and a half years working my butt off and recovering from getting hit by a car. My body is very strong and I am confident in the doctors here at Iowa.”
Conservative Journalist Megan Basham Reveals Life-Altering Diagnosis
February 4, 2025
Charlotte, NC – On Feb. 3, Megan Basham [49]—whose “Shepherds for Sale” was published last year—announced she was suffering from metastasized colorectal cancer. “The Basham family went on a bit of a roller coaster ride in 2024 and that continued through the end of the year. Just after Thanksgiving, I was diagnosed with stage three, advanced colorectal cancer. Christmas was spent in a flurry of scans and meeting with oncology teams for first and second opinions. Suddenly, many plans our family had for the New Year had to be set aside or placed on hold,” she said. “And our steps are now heading in unexpected directions. Scheduled trips will not be taken, a podcast I hoped to pursue with a friend will have to be suspended indefinitely.” Basham added that she had “been in chemo-radiation for the last few weeks and after that will proceed to more substantial chemo and surgery in the summer.
Rita Lamb Recuperating from Heart Attack
February 4, 2025
Cathedral City [CA] Council Member Rita Lamb [74] Suffers Heart Attack. Yes, the Council member did have a heart attack, but it was a month ago. The incident happened in her home. She was able to call 911 and was taken to a local hospital when she had a stent put in, she told Uken Report. Lamb is home, attending City Council meetings and living life.
UNITED KINGDOM
Loose Women star Andrea McLean rushed to hospital with severe pneumonia and sepsis after collapsing at home
February 10, 2025
Former Loose Women star Andrea McLean has revealed she was rushed to the hospital after her husband discovered her collapsed in the bathroom. The TV personality opened up about her frightening experience, revealing that she was diagnosed with “severe pneumonia, Acute Kidney Injury, and sepsis“—a serious and life-threatening condition. In a revealing post, the 55-year-old described suffering from flu-like symptoms for a week, including “sweating and shivering, with a raging temperature and chills,” “pain in my chest and back,” and dark urine before she suddenly collapsed. Her husband, Nick Feeney, found her about an hour later and immediately contacted their GP, who instructed them to “call 999 right away.” McLean shared more details on her Substack blog, describing how she was in excruciating pain and “couldn’t stand” due to low blood pressure. McLean explained that she spent two days and two nights in the Emergency Assessment Ward, receiving antibiotics while enduring “almost constant pain” and sensory overload, with the overwhelming sounds and smells of patients losing control of their bowels. Five weeks later, McLean revealed that her recovery has not been as swift as she had hoped. “My life is still not ‘back to normal,'” she admitted.
TV star plans ‘huge changes’ after heart attack
February 7, 2025
A BBC DIY SOS star has said he is going to make ‘huge lifestyle changes’ after surviving a heart attack while cold water swimming. Mark Millar said before the incident he was “feeling amazing” and then suddenly he “got a strapping pain” across his chest while swimming off Clevedon’s coast, in north Somerset. He was rushed to Bristol Royal Infirmary (BRI) and is now waiting for a triple heart by-pass. Looking to the future, he said he plans to make “huge changes” in the way he lived. “I’ve got to step away from stress, that’s a huge killer. You know if your job is bringing you pain, do it a different way. If there are people around you who are bringing anxiety and stress, step away from them. Relax, breathe deeply and have a clean, healthy lifestyle,” he said.
No age reported.
Ex-Premier League star John Fleck taken to hospital after ‘having fit’ on pitch before EFL clash as kickoff delayed
February 6, 2025
Ex-Premier League star John Fleck has been rushed to hospital after falling ill during a warm-up. League Two Chesterfield posted the statement on their social media page. The club said Fleck, 33, was taken to hospital “as a precautionary measure“. The full statement on social media said: “We can confirm that John Fleck has been taken to hospital as a precautionary measure after being taken ill during the pre-match warm-up.” Speaking after the game, Chesterfield manager Danny Webb said Fleck “had a fit of some sort” and it “didn’t look very nice”. But more positively, he said that as Fleck was taken away on a stretcher he was “smiling” and that he’s in “good hands”.
IRELAND
Dail’s youngest politician says epilepsy diagnosis won’t prevent him from fulfilling dream
February 10, 2025
The Dail’s youngest politician has said his epilepsy diagnosis is not going to prevent him from fulfilling his dream – after being elected a TD. New Labour Party deputy Eoghan Kenny, 24, was told he had the condition at the age of 21 after “rarely having a day off of school from a sickness”. While he now takes daily medication, he has experienced up to 14 seizures in the last four years.
Eddie Jordan provides update on cancer diagnosis: ‘Don’t be afraid… go and get tested’
February 6, 2025
Eddie Jordan insists his chemotherapy is in “good shape” as the former F1 team boss provided an update after his cancer diagnosis. Jordan, 76, revealed in December that he had experienced some “very dark days” after being diagnosed with “aggressive” bladder and prostate cancer last spring, which spread to his spine and pelvis. The former F1 team owner and pundit, who ran the Jordan Grand Prix team from 1991 to 2005, has spent the winter in Cape Town and has given an update on his Formula For Success podcast with David Coulthard. “There’s an unbelievable opportunity of good medical care everywhere in the world now, and chemotherapy, they seem to have their act together. Cape Town has been brilliant. I’ve had the four chemos so far. Another planned two, which you never know if it hasn’t completely gone. Might have to go for another one or two. It’s not something… you wouldn’t want your very best friend to have chemo, because it’s not something that’s very desirable. But at the same time, the outlook and the future is great. So, God bless those guys in the medical field.” Jordan had previously implored people to “look after their bodies” after his diagnosis and paid tribute to “megastar” Sir Chris Hoy , who last year was diagnosed with terminal cancer.
SWEDEN
Dance music icon sends warning after he’s diagnosed with health condition caused by performing
February 4,2025
Swedish DJ Alesso [33] has confirmed he’ll be “slowing down” after 14 years of touring, after taking a blow to his health as a result of his relentless schedule. The dance music icon, real name Alessandro Lindblad, took to social media after three months of silence to confirm why he’d been out of the spotlight, and not performing. “I woke up with the loudest ringing in my ears,” he told the camera. “I was in complete shock. It was not after a show. I just woke up, and it was so intense.” Alesso confirmed that after experiencing ’10 out of 10′ pain as a result, he was diagnosed with a severe case of tinnitus.
ISRAEL
Likud MK David Bitan hospitalized in neurological ICU again — reports
February 7, 2025
Likud MK David Bitan [64] has been hospitalized again in the neurological ICU at the Sheba Medical Center after his condition declined, according to Hebrew media reports. Bitan, who chairs the Knesset Economic Affairs Committee, was also hospitalized for tests in late January after he was feeling unwell.
SLAY NEWS
| The latest reports from Slay NewsFDA Admits Covid mRNA ‘Vaccines’ Cause CancerThe U.S. Food and Drug Administration (FDA) has just made the explosive admission that Covid mRNA “vaccines” are spiked with contaminations that triggered a global surge in cancers.READ MOREAnother State Moves to Ban Covid ‘Vaccines’ Over Surging DeathsLawmakers in Kentucky have just introduced a bill to ban mRNA injections amid reports of surging deaths, deadly diseases, and disabilities among those who received Covid “vaccines.”READ MOREBREAKING: RFK Jr Confirmed as HHS Secretary in Senate VoteRobert F. Kennedy Jr. has been confirmed by the Senate as the secretary of President Donald Trump’s Health and Human Services (HHS).READ MOREGOP Congressman Introduces Bill to Rename Greenland as ‘Red, White, and Blueland’A Republican congressman from Georgia has introduced a new bill to the House of Representatives that would give Greenland a patriotic new name.READ MOREFBI Uncovers 2,400 New Files on JFK Assassination as Trump Orders Full DeclassificationThe FBI has found a large batch of new documents regarding the assassination of President John F. Kennedy.READ MORE‘Dublin Wives’ Star Jo Jordan Dies Suddenly at 51Jo Jordan, star of the popular Irish reality show “Dublin Wives,” has died suddenly at the age of 51, her family has revealed.READ MOREFederal Judge Demands Trump Admin Restore Government Websites Deleted Over ‘Gender Ideology’A federal judge has demanded that President Donald Trump’s administration restore government websites that were purged for promoting “gender ideology.”READ MOREPrince Andrew ‘Petrified’ of Returning to NYC Over Renewed Scrutiny of Jeffrey Epstein CaseRoyal watcher Helena Chard says Britain’s disgraced Prince Andrew is “petrified” of returning to New York amid calls for hidden details in the Jeffrey Epstein case to be made public. READ MOREDemocrat Insider Confirms Biden’s Presidency Was ‘Obama’s Third Term’A former Democratic National Committee (DNC) official has blown the whistle to expose the true nature of former President Joe Biden’s term in the White House.READ MOREHegseth Ends Biden-Era Climate Spending: Pentagon Focused on ‘Deterring and Winning Wars’U.S. Secretary of Defense Pete Hegseth has announced the end of the Pentagon’s Biden-era “climate change” agenda.READ MOREElon Musk’s DOGE Slashes Millions More in Federal Contracts: ‘Taxpayer Dollars Will No Longer Be Wasted on Nonsense’President Donald Trump’s Elon Musk-led Department of Government Efficiency (DOGE) has just slashed millions of dollars worth of taxpayer-funded federal contracts.READ MORESan Francisco’s Democrat City Attorney Claims Trump’s Crackdown on Illegal Alien Criminals Makes Americans ‘Less Safe’San Francisco City Attorney David Chiu has claimed that Americans are “less safe” because President Donald Trump is cracking down on illegal alien criminals.READ MORETrump & Putin Agree to ‘Start Negotiations Immediately’ to End War in UkrainePresident Donald Trump has revealed that he has spoken with Russia’s Vladimir Putin and the two world leaders have agreed to “start negotiations immediately” on ending the ongoing war in Ukraine.READ MORE |
EV0L NEWS
| Trump to Hold Presser Tomorrow to Reveal Names of Entities and People Involved in Govt. Fraud and Abuse – EVOL |
| Read more… |
| Watch: Karoline Leavitt Brings the Receipts, Shuts Down Reporter’s Doubts About DOGE – EVOL |
| Read more… |
| OMG: US Treasury Advisor Admits He Knows Few Officials Who ‘Don’t Do Their Jobs’ and Are Defying DOGE – EVOL |
| Read more… |
| Trump Comes Up with Perfect Punishment for AP Reporter After AP Rejects ‘Gulf of America’ Renaming – EVOL |
| Read more… |
NEWS ADDICTS
| LATEST REPORTS FOR NEWS JUNKIES |
| Ilhan Omar Did Marry Her Brother, Reveals Somali Community LeaderA damning new report confirms a longtime rumor about “Squad” member Ilhan Omar (D-MN), one that opponents have wielded against her since her first campaign for office in 2018.According to those close to the Democrat, Omar allegedly vowed to “do what she had to do” to get her brother papers authorizing him to live in the country. Conservative critics cried …READ THE FULL REPORT |
| Pam Bondi Announces Charges Against Kathy Hochul, Letitia JamesNewly sworn-in Attorney General Pam Bondi held her first U.S. Department of Justice (DOJ) press briefing Wednesday where she announced federal charges filed against the state of New York, specifically Gov. Kathy Hochul, the state’s AG Letitia James, and Commissioner Mark Schroeder of the state’s Department of Motor Vehicles (DMV).“New York has chosen to prioritize illegal aliens over American citizens. …READ THE FULL REPORT |
| SecDef Pete Hegseth just spiked the football on former colleague Jennifer GriffinDefense Secretary Pete Hegseth just spiked the football on former Fox News colleague Jennifer Griffin after she posted a Democrat query on why he spent over $137,000 in taxpayer funds repairing his home. Griffin wrote: Dems on House Appropriations Committee ask why Sec Hegseth needs $137,297 for home repairs/paint for government residence, in light of DOGE efforts to save tax …READ THE FULL REPORT |
| Jeffrey Epstein’s Client List to Be Declassified, Released to the PublicA Trump Administration task force charged with declassifying troves of federal secrets relating to the assassinations of former President John F. Kennedy and Martin Luther King Jr., among other things, announced that notorious sex trafficker and Democratic Party financier Jeffrey Epstein’s infamous client list is set to be released.U.S. Rep. Anna Paulina Luna (R-FL), who was appointed to lead the …READ THE FULL REPORT |
| Trump to Hold Presser Tomorrow to Reveal Names of Entities and People Involved in Govt. Fraud and AbusePresident Trump announced he will be holding a press conference tomorrow to release a list of names of entities and people involved in government fraud and abuse.This comes one day after Elon Musk said DOGE was investigating how government workers mysteriously accrued millions of dollars.“We do find it sort of rather odd that there are quite a few people in …READ THE FULL REPORT |
| LATEST NEWS |
| CDC Admits Infant Deaths Surged 12,400% Among Covid-Vaxxed MothersThe U.S. Centers for Disease Control and Prevention (CDC) has admitted that premature infant deaths have surged to alarming levels among mothers who received Covid mRNA vaccines.READ MORE |
| FEMA found to have mismanaged almost $10 BILLIONS during Covid pandemic: DHSThe Federal Emergency Management Agency (FEMA) mishandled nearly $10 billion in funds during the COVID-19 pandemic, according to a newly released audit conducted by the Department of Homeland Security (DHS). The audit examined FEMA’s financial activities between January 2020 and 2023, revealing widespread mismanagement and failures in adhering to established funding guidelines. One of the most significant findings of the …READ MORE |
| Belarus releases American citizen and 2 others after Trump secures their releaseOn Tuesday, Marc Fogel, a 63-year-old Pennsylvania schoolteacher who had been detained in Russia since 2021, finally returned to the United States under President Donald Trump’s administration. His release was secured following diplomatic efforts led by Trump’s special envoy, Steve Witkoff. National Security Advisor Mike Waltz confirmed Fogel’s return, stating, “Today, President Donald Trump and his Special Envoy Steve Witkoff …READ MORE |
| Fighter jet crashes into SoCal Harbor—two pilots ejectedA fighter jet crashed into San Diego Harbor on Wednesday morning at approximately 10:17 a.m., according to the U.S. Coast Guard. The two pilots on board managed to eject before impact and were rescued by a nearby fishing boat. Eyewitnesses reported that the aircraft was flying unusually low before the crash. One witness told CBS 8 San Diego that he …READ MORE |
| Chinese spy balloon was loaded with US technologyThe Chinese spy balloon that traveled across the United States in early 2023 was reportedly carrying American technology, raising concerns about how U.S. advancements ended up being used for Chinese military operations. In January 2023, the Biden administration became aware of the Chinese surveillance balloon as it entered U.S. airspace over Alaska. However, rather than immediately addressing the threat, officials …READ MORE |
DR PAUL ALEXANDER
reaking! Bobby Kennedy Jr. (RFK Jr.) just moments ago confirmed as HHS Secretary! This is one nominee I supported & this was a good, principled pick by POTUS Trump; RFK Jr. was silenced by Trump et
al. so let us see what RFK Jr. does next as he has no choice but to call for the complete withdrawal of all mRNA Malone et al. transfection injections! Congrats Bobby! Way to go POTUS Trump!
| Dr. Paul AlexanderFeb 13 |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL
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 FRIDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0475 UP 14 BASIS PTS
USA/ YEN 152.57 DOWN 0.4174NOW 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 1.2578 UP 0.0014 OR 14 PTS
USA/CAN DOLLAR: 1.4164 DOWN 0.0028 (CDN DOLLAR UP 28 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 14.24 PTS OR 0.43%
Hang Seng CLOSED UP 805.96 PTS OR 3.69%
AUSTRALIA CLOSED UP 0.24%
// EUROPEAN BOURSE: MOSTLY GREEN EXCEPT LONDON
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN E
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 805.96PTS OR 3,69%
/SHANGHAI CLOSED UP 14.24PTS OR 0.43%
AUSTRALIA BOURSE CLOSED UP .24%
(Nikkei (Japan) CLOSED UP 312.04 PTS OR 0.79%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2937.60
silver:$33,18
USA dollar index early FRIDAY morning: 106.81 DOWN 41 BASIS POINTS FROM THURSDAY’s CLOSE.
FRIDAY MORNING NUMBERS ENDS
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And now your closing FRIDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.942% UP 2 in basis point(s) yield
JAPANESE BOND YIELD: +1.358% UP 2 FULL POINTS AND 4/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.096 UP 1 in basis points yield
ITALIAN 10 YR BOND YIELD 3.511 UP 2 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4270 UP 1/2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0504 UP .0043 OR 43 basis points
USA/Japan: 152,22 DOWN .775 OR YEN IS UP 78 BASIS PTS//
Great Britain 10 YR RATE 4.5485 UP 6 BASIS POINTS //
Canadian dollar UP .0034 OR 22 BASIS pts to 1.4155
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The USA/Yuan, CNY ON SHORE CLOSED UP AT 7.2898(ON SHORE)..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2527
TURKISH LIRA: 36.22 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.358
Your closing 10 yr US bond yield DOWN 6 in basis points from THURSSDAY at 4.469% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.684 DOWN 4 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.259 DOWN 5 BASIS PTS.
GOLD AT 11;00 AM 2922.40
SILVER AT 11;00: 33.00
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 32.26 pts or 0.37%
German Dax : DOWN 98.40 pts or 0.44%
Paris CAC CLOSED UP 14.43pts or 0.18%
Spain IBEX CLOSED UP 19.70PTS OR 0.15%
Italian MIB: CLOSED UP 69.54 PTS OR 0.18%
WTI Oil price 70.51 11 EST/
Brent Oil: 74.35 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 91.75 ROUBLE DOWN 2 AND 24/100
GERMAN 10 YR BOND YIELD; +2.42370 UP 1/2 BASIS PTS.
UK 10 YR YIELD: 4.5485 UP 6 BASIS POINTS
CDN 10 YEAR RATE: 3.118 DOWN 2 BASIS PTS.
CDN 5 YEAR RATE: 2.8181DOWN 1 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0494 UP 0.0032 OR 32 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2584 UP .0020OR 20basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.4990 UP 0 BASIS PTS//
JAPAN 10 YR YIELD: 1.346UP 8 BASIS BASIS PTS.
USA dollar vs Japanese Yen: 152,29 DOWN 0.698 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.41974 DOWN .0019 BASIS PTS CDN DOLLAR UP 19 BASIS PTS
West Texas intermediate oil: 70.67
Brent OIL: 74.66
USA 10 yr bond yield DOWN 15BASIS pts to 4.477
USA 30 yr bond yield DOWN 4 BASIS PTS to 4.7000%
USA 2 YR BOND: DOWN 5 PTS AT 4.263
CDN 10 YR RATE 3.128 DOWN 1 BASIS PTS
CDN 5 YEAR RATE: 2.826 DOWN 0 BASIS PTS
USA dollar index: 10665 DOWN 37 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 36.23 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 91,12 DOWN 1 AND 62/100 roubles
GOLD 2,883,70 (3:30 PM)
SILVER: 32,16 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: DOWN 165.35 PTS OR 0.37%
NASDAQ 100 UP 83.97 PTS OR 0.38%
VOLATILITY INDEX: 14.77 DOWN 0.33PTS OR 2.19%
GLD: $ 266.29OR DOWN 4.02 PTS OR 1.,49%
SLV/ $29.31 PTS OR DOWN 0.15 OR 0.51%
TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 215.28PTS OR 0.84%
end
TRADING today ZEROHEDGE/
end
ZEROHEDGE/HEADLINE CLOSING MARKETS
USA DATA
SEEMS that the USA economy is in deep trouble
(zerohedge)
January US Retail Sales Tumble Most In Almost 2 Years
Friday, Feb 14, 2025 – 08:42 AM
After four months of strong gains, US retail sales were expected to decline in January data released this morning (-0.2% MoM exp) with the omniscient BofA analysts forecasting an even bigger 0.8% MoM decline.
Once again, BofA nailed it – as retail sales (nominal, remember) plunged 0.9% MoM in January (after December’s +0.4% MoM was revised up to +0.7% MoM). That is the biggest MoM drop since March 2023 (in a month marked by severe winter weather and deadly wildfires)…
Source: Bloomberg
Just for a sense of just how much this data is ‘adjusted’, the non-seasonally-adjusted retail sales for January actually crashed 16.5% MoM (post Xmas hangover, as it does every year)…
Source: Bloomberg
Nine of the report’s 13 categories posted decreases, most notably motor vehicles, sporting goods and furniture stores. The data encompassed a period marked by devastating wildfires in Los Angeles — the second-largest metropolitan area in the US — and severe winter weather in other parts with the country, which could have depressed brick-and-mortar shopping activity.
Source: Bloomberg
Wondering why sales slumped so hard – simple – the world and his pet rabbit max’d out their credit cards in December…
Source: Bloomberg
Core retail sales also fell (by 0.5% MoM) while the all-important Control Group – which feeds into the GDP calculation – saw a huge miss , dropping 0.8% MoM vs +0.3% MoM expected.
Source: Bloomberg
That is the biggest MoM drop for the Contrrol Group since March 2023 and bodes poorly for the start of Q1 GDP growth hopes.
USA ECONOMIC NEWS
MAHA: RFK Jr. Confirmed To Lead HHS Despite ‘Traitor’ McConnell Siding With Democrats
Thursday, Feb 13, 2025 – 09:15 PM
Robert F. Kennedy Jr. was confirmed as the Director of Health and Human Services on Thursday, despite Sen. Mitch McConnell (R-INO) as the sole Republican to vote against him.
The vote – which is ongoing, came after a heated battle in the Republican-controlled Senate, which voted 53-47 on Wednesday to invoke cloture, setting up the final confirmation showdown. Kennedy, a longtime vaccine skeptic and former environmental activist, only needs a simple majority of 51 votes to secure the position.
Kennedy’s nomination has been a political firestorm from the start. His past claims linking vaccines to autism and other harms sparked a fierce backlash from Democrats, who grilled him in contentious confirmation hearings last month. But despite their objections, Kennedy managed to navigate the political minefield, thanks in part to key Republican senators who were initially hesitant but ultimately threw their support behind him.
A GOP Divide Over RFK Jr.
With Democrats on the Senate Finance Committee refusing to advance Kennedy’s nomination, pressure fell on Sen. Bill Cassidy (R-LA), chair of the Senate Committee on Health, Education, Labor and Pensions (HELP). Cassidy, a physician himself, had expressed concerns about Kennedy’s anti-vaccine rhetoric but ultimately gave him the green light, citing a long list of commitments Kennedy made to ensure transparency and oversight.
“These commitments, and my expectation that we can have a great working relationship to make America healthy again, is the basis of my support,” Cassidy said.
Kennedy also won over GOP Sen. Susan Collins (Maine) and Sen. Lisa Murkowski (Alaska), both of whom had initially been skeptical. Murkowski admitted she remained wary of Kennedy’s stance on vaccines but pointed to his pledges to work with Congress and make data-driven policy decisions.
One of the biggest question marks was Sen. Mitch McConnell (R-KY), a staunch proponent of vaccines who contracted polio as a child. While McConnell voted to advance Kennedy’s nomination, all eyes were on whether he will break ranks with his party during the final confirmation vote.
Beyond vaccines, Kennedy has vowed to shake up HHS by tackling Big Pharma and the food industry, shifting the agency’s focus to chronic disease prevention and diet reform. His ‘Make America Healthy Again’ plan includes overhauling dietary guidelines, cracking down on ultra-processed foods, and addressing the root causes of the nation’s health crises.
“Our country is not going to be destroyed because we get the marginal tax rate wrong. It is going to be destroyed if we get this issue wrong,” Kennedy declared, warning of the dangers of chronic diseases.
From Political Outsider to Trump’s HHS Pick
Kennedy’s political arc has been quite interesting, to say the least. A lifelong Democrat, he frequently invoked his family’s legacy – his father, former Sen. Robert F. Kennedy, and his uncle, former President John F. Kennedy. But in recent years, he’s built strong alliances with right-wing figures, particularly over his vocal opposition to vaccine mandates.
Kennedy made headlines last August when he abruptly dropped his independent presidential bid and endorsed Trump, a move that shocked many in the Democratic establishment. After months of criticizing Kennedy, Trump embraced him, calling him “a man who has been an incredible champion for so many of these values that we all share.”
Trump wasted no time in rewarding Kennedy’s loyalty, nominating him for one of the most powerful roles in the federal government.
Kennedy’s confirmation comes just one day after another lightning-rod nominee, former Rep. Tulsi Gabbard, was confirmed as director of national intelligence in a 52-48 vote. If Thursday’s vote goes as expected, RFK Jr. will soon take the reins at HHS.
END
Trump & DOGE Fire Layoff Bazooka: Targets 200,000 Fed Workers On Probation
Friday, Feb 14, 2025 – 08:50 AM
The Trump administration has intensified its efforts to streamline the bloated government, directing federal agencies to terminate 200,000 workers on probation—those who have been in their roles for less than a year or, in some cases, up to two years. The move, part of the Department of Government Efficiency (DOGE), comes shortly after 75,000 fed workers accepted buyout offers.
On Thursday afternoon, DOGE’s crosshairs were aimed at probationary workers because they have fewer protections and no right to appeal. The blitz to streamline the federal gov’t and eliminate corruption has been a shock to the DC swamp and the corrupt Deep State politicians siphoning taxpayer funds through shadowy NGOs. This was done by Trump and DOGE’s efforts to neuter USAID.
The latest data from the US Office of Personnel Management indicates that 200,000 federal employees have been in their roles for less than a year. According to CNN, termination notices were emailed to these workers on Thursday.
The dismissal of probationary workers comes after Bloomberg reported on Thursday morning that 75,000 workers across various federal agencies have opted for the buyout. However, this number only makes up about 3% of the 2.4 million civilian federal workforce, far short of White House Press Secretary Karoline Leavitt’s target of 5% to 10%. But that could change with the latest round of broadening cuts.
Earlier on Thursday, DOGE’s Elon Musk joined Dubai’s annual World Governments Summit via video link to provide an update on his DOGE efforts…
“We need to delete entire agencies. We need to remove the roots of the weed. That’s not to say there won’t be an increase in future bureaucracy from another administration but it will be from a lower baseline. Nothing is forever but we can strengthen the foundation,” Musk told the crowd.
At the start of the week, Trump signed an executive order to eliminate what he described as “waste and bloat” in the government while “promptly undertaking preparations to initiate large-scale reductions in force.” He called it a “critical transformation” of Washington, DC, and framed the move as a necessary step forward for the nation.
The American people voted for transparency and for Trump to drain the swamp.
Yet radical Democrats still don’t get it and now call for violence.
This is a terrible look!
Job cuts are far from over.
The health department was on edge about rumors that the newly sworn-in Secretary Robert F. Kennedy Jr. would begin job cuts in the coming days.
Guess what DOGE will replace some federal workers with…
Activist lawmakers have initiated the lawfare stage by attempting to use activist judges to block DOGE’s efforts to expose government abuses and cut waste. Optically, any attempt by Democrats to slow down or halt DOGE presents a major political risk, as voters gave Trump a mandate to stop corruption in DC and drain the swamp.
Meanwhile…
.END
House Republicans Strike Deal To Cut $1.5 Trillion From Budget, Paving Way for Trump’s Legislative Agenda
8:05 AM
Days after Democrats threatened to shut down the government in response to Elon Musk and DOGE shutting down the government – planning to deprive House Speaker Mike Johnson of a few Democrat votes to override GOP hardliner holdouts to avoid an upcoming government shutdown, the joke’s on them.
On Thursday, hard-line conservatives and House Republican leadership reached a last-minute agreement on the party’s budget resolution, smoothing the path for the measure to advance out of committee and setting the stage for a broader push on former President Donald J. Trump’s legislative priorities.
The deal, brokered shortly before a key committee vote, allows Representative Jodey Arrington (R-TX) and the chairman of the Budget Committee, to adjust spending caps and tax provisions within the framework. If approved, the resolution would unlock the budget reconciliation process, which Republicans aim to use to push Trump’s policies forward without Democratic support.
“This is it. We declare victory,” Representative Andy Harris (R-MD) and chair of the House Freedom Caucus, said following the agreement. “We have a bill that delivers meaningful deficit reduction, funds the border, and advances the president’s tax policy. It all happens here.“
A Balancing Act on Spending and Taxes
The budget resolution, released by Arrington on Wednesday, outlines at least $1.5 trillion in spending cuts across government programs, with a target of $2 trillion in deficit reduction. It also sets a $4.5 trillion cap on the deficit impact of extending Trump’s 2017 tax cuts while allocating $300 billion in additional funding for border security and defense.
Negotiations in recent weeks had focused on bridging differences between fiscal conservatives demanding deeper spending reductions and members of the tax-writing Ways and Means Committee, who sought a higher cap to accommodate Trump’s tax agenda. The agreement allows Arrington to adjust the spending floor and tax cap based on final deficit reduction figures, potentially increasing the tax cut allowance to $5 trillion if additional savings are found elsewhere.
“This budget put forward by the chairman is a giant step forward to reduce spending, the primary driver of the inflation, and the expansion of the government largesse that is strangling the future of our children and grandchildren” said Rep. Chip Roy (R-TX), signaling his support for the measure after expressing skepticism earlier in the week, adding “I am proud of what the chairman has put forward.”
Hard-Liners Move Toward Support
The deal appears to have won over key conservative holdouts on the House Budget Committee. Rep. Ralph Norman (R-SC), a member of the Freedom Caucus, had voiced opposition to the resolution on Wednesday, citing concerns over Medicaid work requirements and block grants. By Thursday, he expressed optimism about its chances of passing out of committee.
Republicans can afford to lose only two votes on the committee to advance the resolution, assuming all Democrats oppose it. The manager’s amendment could also secure support from Rep. Jason Smith (R-MO) and chair of the Ways and Means Committee, who had pushed for a higher tax cap.
“Let me just say that a 10-year extension of President Trump’s expiring provisions is over $4.7 trillion, according to [the Congressional Budget Office],” Smith said earlier this week. “Anything less would be saying that President Trump is wrong on tax policy.”
IIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
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FREIGHT ISSUES/USA/
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VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
VDH
KING REPORT
| he King Report February 14, 2025 Issue 7431 | Independent View of the News |
| Not only was January PPI higher (0.4% m/m & 3.5% y/y) than expected (0.3% m/m & 3.35 y/y), but December PPI was revised sharply higher, from 0.2% m/m & 3.3% y/y to 0.5% m/m & 3.5% y/y. This is the fastest PPI inflation in 2 years. Core PPI is 0.3% m/m as expected but 3.6% y/y with 3.3% expected. December Core PPI was revised to 0.4% m/m from 0.0% and 3.7% y/y from 3.5%. The PPI and Core PPI revisions are the largest since December 2021 – Bidenomics! @truflation: More bad news for INFLATION • The PPI also came in above expectations (3.5%)! • In the 12 months, services continue to have the HIGHEST PRICE increase (4.1%). • In the month, goods rose more (0.6%) than services (0.3%). • Food and Energy had a big INCREASE last month! Prices to producers will eventually reach the end consumer. Diesel fuel jumped 10.4% m/m in January. It appears that the energy disinflation that began when The Big Guy started to drain the SPR has ended. We have complained for decades that US economic stats were bogus, crafted to allow the Fed to paper over profligate US spending. This was our hallmark; even though most institutional investors and Street pundits could NOT bring themselves to believe the deceit. Team Biden was so blatant with economic stats manipulation that the entire known universe now realizes how bogus US economic stats are. It will be interesting to see what DOGE uncovers when they audit the BLS! Thursday’s King Report: 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… Look for USHs to rally after the 30-year auction (noon). As we guessed, traders ignored the ugly PPI because they are unremittently euphoric. USHs soared after the PPI report. Traders were so eager to get long that they bought aggressively before the $25B auction of 30-year bonds. USHs hit a daily low of 113 15/32 at 8:31 ET; they then soared to a daily high of 114 12/32 at 8:28 ET on the conditioned buying that appears two minutes before the release of CPI, PPI, or the Employment Report. USHs tumbled to 113 19/32, from a high of 113 30/32 at 6:46 ET, after the 8:30 release of the PPI Report. At 8:31, USHs commenced a frantic rally that took USHs to a daily high of 114 28/32 at 10:54 ET. After a modest retreat, USHs traded sideways until the 30-year auction ($25B) results appeared. It was a soft auction: 4.748% vs 4.736% WI ESHs also rallied sharply after the PPI Report, even though DJT was scheduled to announce reciprocal tariffs at 13:00 ET. ESHs opened moderately higher on Wednesday night and rallied until they hit 6090.25 at 23:11 ET. After a slow rollover turned into a sharp decline at 1:45 ET. ESHs then tumbled to a daily low of 6053.50 at 3:58 ET. The ensuing rally had two moderate interruptions before it went vertical after the PPI report. ESHs hit a daily high of 6113.75 at 10:43 ET. After an effective double top at 11:12 ET, ESH retreated to 6088.00 at 13:19 ET on fear that DJT’s EU tariffs would spook the markets. As expected, and leaked on Thursday morning, DJT ordered his administration to prepare retaliatory tariffs on the EU; but he did NOT announce a date for implementation. Trump on EU and international tradeAsserted that the EU does NOT treat US firms right on trade; US seeks fairness.US prices could inflate somewhat in the short term due to tariffs; but a chance of no inflatingDon’t expect any waiver or exempts on the tariffsBemoaned EU’s 20% VAT and other unspecified measures that hurt US companies Wants Pharma and drug firms back in the USBelieves Putin wants peaceWould love to have Russia back in G8; it was a mistake to oust RussiaSaid Ukraine will have a place at negotiations with Russia for a peace planTaiwan took our chip business away; we want that business back.Hope to make a deal on TikTok“I think we will raise a staggering amount from tariffs.”I want to tell Xi and Putin, ‘let’s cut the military budgets in half.’No reason to build nuclear weapons, have been talking denuclearization and will do it DJT Statement on tariffs: https://x.com/AutismCapital/status/1890125174529536355/photo/1 @zerohedge: Why is VAT so important in reciprocal tariffs? Here is the tariff increase with and without VAT. Trump just said he will include VAT. https://x.com/zerohedge/status/1890119347231944872 @JackDetsch: JD Vance will NOT meet with German Chancellor Olaf Scholz at the Munich Security Conference, marking a serious diplomatic rebuke as transatlantic tensions rise over NATO and Ukraine. Secretary of Defense Pete Hegseth tells NATO allies to boost defense spending https://t.co/nJuQaiMMMv @OANN: Secretary of Defense, Pete Hegseth, Addresses NATO in Brussels Saying That The United States Will No Longer Be Taken Advantage of https://t.co/jz2RzBB3dA DJT’s push on the EU to hike defense spending and reduce tariffs on US goods will force EU socialists to make tough decisions that they have avoided for decades. It could be the end of EU socialism. This is probably why physical gold is pouring out of London (EU storage) and into NYC. @RealestMercury: Unconfirmed but potentially huge. Putin is shooting for a Gorbachev moment; “President Putin has invited President Trump to MOSCOW for Russia’s Victory Day Parade… @lsferguson: The reason we don’t have decent relations with Russia is because of the Democrat Party and Hillary Clinton. These criminals brought us the “Russian Collusion Hoax”. ESHs soared to a new high of 6138.00 (15:59 ET) on Trump’s EU tariff and Russo-Ukraine peace plan presentation. PS – Defense stocks tanked. USHs hit a high of 115 3/32 (+1 22/32) on visions of substantial budget cuts from peace & DOGE. Team DOGE entered the IRS Building on Thursday. Here’s hoping! Washington, DC and surrounding suburbs will soon be in a depression. Federal government workers will experience what blue collar workers and their communities had to endure for decades. Will the federal government workers’ depression foment a US recession? @WarClandestine: Trump just accused Biden of starting the war in Ukraine! For decades, Russia have been clear that NATO membership for Ukraine was a hard red line, yet Biden pushed for membership anyways, provoking Russia. (“If it’s a minor incursion, that’s okay.” – Biden) https://x.com/WarClandestine/status/1890140363769409744 Trump stated that US and Russian officials will meet in Munch on Friday. Ukraine was invited. @ycharts: It was a magnificent day for the “Magnificent 7”, with every stock closing higher. Tesla +5.90% Nvidia +3.08% Apple +1.93% Alphabet +1.36% Meta +0.41% Amazon (+0.62% Microsoft +0.35% Positive aspects of previous session Stocks and bonds soared on DJT’s peace policies and possibly DOGE. Negative aspects of previous session Gasoline and gold rallied sharply. Physical AU is exiting the EU for the US! January PPI shows that US inflation has turned higher. Ambiguous aspects of previous session Meta rallied for the 19th straight session. When will the bubble burst? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6094.31 Previous session S&P 500 Index High/Low: 6116.91; 6138.00 WH @PressSec: It’s a media hoax that President Trump is causing a “constitutional crisis.” The real crisis is taking place within our judiciary, where activist judges are abusing their power to unilaterally block the President’s basic executive authority and thwart the will of the people. https://x.com/PressSec/status/1890061488318296272 HHS splurged more than $22B on grants for migrants — including… cars, home loans and startups https://nypost.com/2025/02/13/us-news/hhs-splurged-more-than-22b-on-grants-for-migrants-including-cash-for-cars-home-loans-and-startup-businesses/ Robert F. Kennedy Jr. was confirmed as HHS Secretary by the US Senate on a 52-48 vote. Once against, spiteful and petty GOP Sen. Mitch McConnell voted against a DJT nominee. @susancrabtree: Trump isn’t going to make it easy for McConnell to stick around until Jan. 2027. From the Oval: “I feel sorry for Mitch… He’s not equipped mentally. He wasn’t equipped ten years ago mentally. He let the Republican party go to h*ll.” “If I didn’t come along, the Republican party wouldn’t even exist right now. Mitch McConnell never really had it.” “He had an ability to raise money because of his position as leader, which anybody could do. You could do it even, and that’s saying a lot… He’s not voting against Bobby he’s voting against me… He’s a very bitter guy…” https://x.com/susancrabtree/status/1890139735919653118 @paulsperry_: Trump has ousted CFPB’s top enforcer Eric Halperin, a longtime Soros adviser who previously worked as a civil-rights attorney for AG Eric Holder and a housing-rights activist for the Center for Responsible Lending who bullied lenders to okay mortgages for uncreditworthy. @MarioNawfal: DOD PAID REUTERS $9M FOR “SOCIAL ENGINEERING” PROGRAM DOGE investigations reveal mysterious Defense Department payments to Reuters for “large scale social deception” project between 2018-2022. While DARPA claims it was for cyber defense, questions swirl about why a news agency received millions for “social engineering.” The revelation comes as other media outlets face scrutiny over federal funding. @seanmdav: That Reuters contract is a lot more insidious than you think. Under the pretext of defending against phishing attacks, DARPA created its own system of bots and fake personas to use on social media to detect “disinformation” and manipulate targeted accounts into sharing information that could be weaponized against them. @AFP: Munich car ramming suspect is 24-year-old Afghan asylum seeker: police At least 28 people were injured in the incident, the spokesman said, 10 days before Germans head to the polls in a key election with migration high on the campaign agenda. Fed Balance Sheet: +$2.578B; Reserves: +$42.962B Today – Traders will play for the Friday Rally. DJT’s peace & budget reduction initiatives might force organic actors and shorts to chase the equity rally. If stocks are strong into the afternoon, be alert for late liquidation ahead of the 3-day holiday weekend (Presidents Day on Monday). ESHs are +2.50; NQHs are -1.50; and USHs are -8/32 at 20:23 ET. Expected economic data: Jan Retail Sales -0.2% m/m, Ex-Autos +0.3%, Ex-Autos & Gas 0.3%; Jan Import Price Index 0.4% m/m & 1.9% y/y, ex-Petro +0.2% m/m; Export Price Index 0.3% m/m & 1.4% y/y; Jan Industrial Production 0.3% m/m, Mfg. Production 0.1%, Capacity Utilization 77.7%; Dec Business Inventories -0.1% m/m; Dallas Fed Pres Logan 15:00 ET S&P Index 50-day MA: 6007; 100-day MA: 5923; 150-day MA: 5787; 200-day MA: 5676 DJIA 50-day MA: 43,766; 100-day MA: 43,351; 150-day MA: 42,420; 200-day MA: 41,574 (Green is positive slope; Red is negative slope) S&P 500 Index (6115.07 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5382.09 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5735.66 triggers a sell signal Daily: Trender and MACD are positive – a close below 5962.31 triggers a sell signal Hourly: Trender and MACD are positive– a close below 6046.77 triggers a sell signal GOP Sen. Josh Hawley called for a full audit of the money the US sent to Ukraine. Vance tours Dachau concentration camp ahead of Munich Security Conference: ‘What unspeakable evil’ https://t.co/pucBUUaxWa @Mark_R_Mitchell: Over three times more people in DC are googling “Criminal Defense Lawyer” than anywhere else in the US! https://x.com/Mark_R_Mitchell/status/1889501267317096866 Coast Guard left sensitive data vulnerable to adversaries under Trump-fired, DEI-focused commandant – Trump fired Commandant Linda Fagan on his second day in office… https://justthenews.com/government/security/coast-guard-left-sensitive-data-vulnerable-adversaries-under-trump-fired-dei @joma_gc: Veteran Democratic Party strategist James Carville is reportedly furious about the direction the party is headed, expressing to colleagues: “I dedicated the best years of my f-ing life to this party, only to see it taken over by a bunch of stupid mother—kers. Everything’s gone to s–t.” Carville is especially livid following the DNC leadership election, reportedly saying, “Who are these people? This David Hogg guy and that other sissy (referring to Malcolm Kenyatta) come out of goddamn left field. Well, there goes the male vote forever. Thanks guys! We’re f-ed and we deserve it.” @BillAckman: USAID paid $3 million to a rapper in Gaza to produce antisemitic rap songs. What more do you need to know about USAID? And Rubio has exempted lifesaving USAID programs like Pepfar from cancellation. Thank you @realDonaldTrump @elonmusk and @DOGE for exposing the nightmare, waste and fraud of USAID. @elonmusk: It’s almost like there’s a massive uniparty grift machine here in DC Of the past few days, Dems have sent out minority Reps to play the race card against Musk & DJT. @EndWokeness: Rep. Watson Coleman, who never had a real job, says Trump and Elon are just mediocre whites afraid of black excellence. https://t.co/czyn2jXv7h @libsoftiktok: Rep. Emanuel Cleaver (D) to Elon Musk: “Go to Moscow! You musty moo, moo, moo!” He has a serious case of EDS… https://t.co/HkWCythjFu @libsoftiktok: GOP Rep. Nancy Mace announces she is filing a motion to censure Rep. Robert Garcia (Peruvian immigrant) for promoting the use of “actual weapons” against Elon Musk. https://x.com/libsoftiktok/status/1890073128887578696 @alx: Worcester, Massachusetts voted to become a “Sanctuary City for Transgender and Gender Diverse People” The City Council Meeting before the vote was… Interesting: https://t.co/Ouun3BerqB @OANN: Elections Correspondent at The Federalist @briannalyman2 tells @MattGaetz she feels “extremely sad” watching trans people at the Worcester Massachusetts City Council ranting and raving, “What you see here is a bunch of people who are suffering from severe psychiatric and mental illness,” and expresses her disgust toward Democrat lawmakers “encouraging them by saying Donald Trump is a threat.” https://x.com/OANN/status/1889879670524694604 Joy Behar goes off on US being ‘named after a White man’ during Gulf of America debate https://t.co/wACqWPCYQC @BLaw: Interim Manhattan US Attorney Danielle Sassoon has resigned from her position as the city’s chief federal prosecutor after she was ordered by the Justice Department to drop a corruption case against New York City Mayor Eric Adams. @SharylAttkisson: Why don’t you know about this? That time a definitive govt. study concluded flu shots don’t work in the elderly— and didn’t make a difference with mortality in any age group. The more of the elderly population that got flu shots, the more the death rate increased.” NIH wouldn’t give permission to any of the study authors to do an interview with me. Why? Step #2 of sending me down the rabbit hole on vaccines and govt. coverups. https://x.com/SharylAttkisson/status/1889815859956240503 @libsoftiktok: HUGE SCANDAL IN @JeffcoSchoolsCo – A female teacher sexually groomed a student then school staff helped the student file paperwork to report herself HOMELESS so she can MOVE IN with the teacher— all BEHIND THE PARENTS’ BACKS. When the mom discovered it she went to the principal who DISMISSED the allegations and said the teacher just helps students navigate their sexuality. The principal knew about the homeless document and kept it a secret from parents. He is still the principal. https://x.com/libsoftiktok/status/1890060861546356898 There is an epidemic of predators in US schools. | |
SWAMP STORIES FOR YOU TONIGHT
14 States Sue To Block DOGE From Uncovering Government Abuses, Slashing Waste
Thursday, Feb 13, 2025 – 10:10 PM
We are now firmly in the lawfare stage of the second Trump presidency, with Democrats filing a flurry of lawsuits to hinder the new administration’s agenda until a strong ruling from the Supreme Court eventually sets precedent.
In the latest legal move, a group of 14 states have sued Elon Musk and President Donald Trump, alleging that the authority granted to the billionaire and his team at DOGE is unconstitutional. The states, including Arizona, Michigan and Rhode Island, have taken aim at efforts to dramatically reduce the size of the federal workforce, including dismantling entire agencies, as well as their access to sensitive data.
“The founders of this country would be outraged that, 250 years after our nation overthrew a king, the people of this country—many of whom have fought and died to protect our freedoms—are now subject to the whims of a single unelected billionaire,” said Arizona AG Kris Mayes in a statement reported by NBC News.
The lawsuit argues that Trump violated the Appointments Clause of the Constitution by creating DOGE – an unofficial government agency, without congressional approval, and for granting Musk “sweeping power” without the advice or consent of the Senate through a confirmation hearing.
“President Trump has delegated virtually unchecked authority to Mr. Musk without proper legal authorization from Congress and without meaningful supervision of his activities,” reads the complaint. “As a result, he has transformed a minor position that was formerly responsible for managing government websites into a designated agent of chaos without limitation and in violation of the separation of powers.”
The states seek a court order blocking Musk from making changes to government funding, canceling contracts, making personnel decisions, and more.
According to White House press secretary Karoline Leavitt, the lawsuit is nothing more than a “continuation of the weaponization of justice against President Trump,” adding “The White House will continue to fight these battles in court, and we expect to be vindicated.”
Another Thursday lawsuit from a group of government employees sought to block Musk and DOGE from accessing sensitive data and removing federal employees until “Musk is properly appointed pursuant to the U.S. constitution.”
That lawsuit came on the heels of NY Attorney General Letitia James and 18 other attorneys general suing the Trump administration to block DOGE from accessing personal data housed in the Treasury department, calling it “unconstitutional.” A federal judge temporarily granted that request, ruling that the states “will face irreparable harm in the absence of injuctive relief.”
Meanwhile, 22 state attorneys general were separately granted a request to halt an effort by the Trump administration to make large cuts to federal research agencies.
GREG HUNTER
harveyorganblog.com 
