GOLD CLOSED UP $21.15TO $2940.75

SILVER CLOSED UP 29 CENTSTO $33.06

 GOLD ACCESS CLOSED 2936.50

Silver ACCESS CLOSED: $32.86

Bitcoin morning price:$95,650 UP 565DOLLARS.

Bitcoin: afternoon price: $98,627 UP 3542DOLLARS

Platinum price closing UP $8.85 TO $982.25

Palladium price; UP $10.45TO $985.85

END

*CANADIAN GOLD: $4161.86 DOWN 18.98 CDN dollars per oz( * NEW ALL TIME HIGH 4176.12CDN DOLLARS PER OZ//FEB 19 2025)

*BRITISH GOLD: 2318,10 DOWN 14,67 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2,339.25 BRITISH POUNDS/OZ) FEB 10/2025

*EURO GOLD: 2,796,95 DOWN 19.04 Euros per oz //* (ALL TIME CLOSING HIGH: 2,815.52EUROS PER OZ/FEB 18 //2025)

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation

END

EXCHANGE

EXCHANGE: COMEX
CONTRACT: FEBRUARY 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,919.400000000 USD
INTENT DATE: 02/19/2025 DELIVERY DATE: 02/21/2025
FIRM ORG FIRM NAME ISSUED STOPPED

072 C GOLDMAN 1
092 C DEUTSCHE BANK 2
118 C MACQUARIE FUT 124
118 H MACQUARIE FUT 311
190 H BMO CAPITAL 457
323 C HSBC 575
323 H HSBC 1
363 H WELLS FARGO SEC 18 390
435 H SCOTIA CAPITAL 311
624 C BOFA SECURITIES 1 1
657 H MORGAN STANLEY 1284
661 C JP MORGAN 290
686 C STONEX FINANCIA 39 36
690 C ABN AMRO 28 37
709 C BARCLAYS 1
730 C PTG DIVISION SG 1
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 23 5
880 C CITIGROUP 1
905 C ADM 5 3

TOTAL: 1,973 1,973

JPMorgan stopped (received) 01574contracts/3655

GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2024. CONTRACT: 1973 NOTICES FOR 197300 OZ  6.136 TONNES

total notices so far: 75,623 contracts for 7,562,300 Oz (235.219tonnes)

FOR  FEB.

SILVER NOTICES: 9 NOTICE(S) FILED FOR 0.045 MILLION OZ/

total number of notices filed so far this month : 4379 for 21.895 million oz

XXXXXXXXXXXXXXXXXX

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation

END

GLD/

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL

THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.

WITH GOLD UP$21,15INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD:

HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSITOF 8,51ONNES

INVENTORY RESTS AT 877,95TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP 29 CENTS AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.547 MLLION OX

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 435.171 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A STRONG SIZED 705 ONTRACTS TO 169,352 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS STRONG SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR LOSS OF $0,16  IN SILVER PRICING AT THE COMEX WITH RESPECT TO WEDNESDAY’S TRADING. WE HAD A STRONG LOSS OF 705 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE//WEDNESDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON WEDNESDAY COMEX TRADING/ AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 4 WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY SUCCEEDED ON WEDNESDAY WITH SILVER’S FALL IN PRICE BY 16 CENTS.  WE HAD A HUGE T.A.S. LIQUIDATION WEDNESDAY COUPLED WITH ANOTHER NEW STRONG T.A.S. ISSUANCE OF 697 CONTRACTS ISSUED BY THE CME AND THAT SIGNALS DEEP CODE RED THAT THE CROOKS ARE DESPERATE TO STOP SILVER BREAKING OVER THE 34.00 DOLLAR MARK. WE HAVE A HUGE CONTANGO IN SILVER SPOT VS FRONT FEB OF AROUND 95 CENTS AND A LEASE RATE OF 6%. WE HAD A 0 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR STRONG 697 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE LOST A STRONG SIZED 705 CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE. WE HAD HUGE TAS LIQUIDATION THROUGHOUT WEDNESDAY’S COMEX TRADING SESSION/

PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR INITIATE A RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN WITH THIS WEEK’S TRADING ON SILVER.

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON WEDNESDAY NIGHT/THURSDAY MORNING: A STRONG 497CONTRACTS. 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  $0.16 BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A STRONG LOSS IN OUR TWO EXCHANGES OF 705 CONTRACTS WE HAD A MASSIVE LIQUIDATION OF T.A.S. CONTRACTS TRYING TO CONTAIN SILVER’S PRICE FALL

WE HAD A 0 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 165 CONTRACT QUEUE JUMP FOR 0.825MILLION OZ

// STANDING FOR SILVER//FEB ADVANCES TO  22.640 MILLION OZ 

WE HAD:

/ STRONG SIZED COMEX OI GAIN+// A ZEROSIZED  EFP ISSUANCE/ VI)   STRONG SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 697 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 1282 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 13 DAYS, total 9517 contracts:   OR 47.585 MILLION OZ  (732 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  47,585 MILLION OZ

LAST 24 MONTHS TOTAL EFP CONTRACTS ISSUED  IN MILLIONS OF OZ:

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: MILLION OZ 140.120

SEPT. 28.230 MILLION OZ//

OCT:  94.595 MILLION OZ

NOV: 131.925 MILLION OZ

DEC: 100.615 MILLION OZ

YEAR 2022:

 JAN 2022-DEC 2022

JAN 2022//  90.460 MILLION OZ

FEB 2022:  72.39 MILLION OZ//

MARCH 2022: 207.140  MILLION OZ//A NEW RECORD FOR EFP ISSUANCE

APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE

MAY: 105.635 MILLION OZ//

JUNE: 94.470 MILLION OZ

JULY : 87.110 MILLION OZ

AUGUST: 65.025 MILLION OZ

SEPT. 74.025 MILLION OZ///FINAL

OCT.  29.017 MILLION OZ FINAL

NOV: 134.290 MILLION OZ//FINAL

DEC, 61.395 MILLION OZ FINAL

TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)

JAN 2023///   53.070 MILLION OZ //FINAL

FEB: 2023:       100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.

MARCH 2023:  112.58 MILLION OZ//FINAL//STRONG ISSUANCE

APRIL  111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)

MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)  

JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH

JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)

AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD

SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)

OCT: 97.455 MILLION OZ

NOV.  50.050 MILLION OZ 

DEC. 66.140 MILLION OZ//

TOTAL 2023: 1,104.10 MILLION OZ/

JAN ’24 : 78.655 MILLION OZ//

FEB /2024 : 66.135 MILLION OZ./FINAL

MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.

APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)

MAY: 135.995 MILLION OZ  //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)

JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)

AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.

SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )

NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)

DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ

YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ

JANUARY 2025: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)

FEB. 47.585 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE

RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 705 CONTRACTS WITHOUR LOSS IN PRICE OF SILVER PRICING AT THE COMEX// WEDNESDAY.,.  THE CME NOTIFIED US THAT WE HAD A ZERO EFP ISSUANCE  CONTRACTS: 0  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 0.095 MILLION OZ TO LONDON//NEW STANDING ADVANCES TO 22.640 MILLION OZ

WE HAVE 1). A STRONG SIZED LOSS OF 705 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN  PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG 697 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//MONSTER FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE WEDNESDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON WEDNESDAY WITH THE 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 WEDNESDAY NIGHT   (697 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE

WE HAD  9 NOTICE(S) FILED TODAY FOR 0.045million 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 FAIRSIZED 1854 OI CONTRACTS  TO 524,184 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.)

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY:  REMOVED A STRONG SIZED 894 CONTRACTS//

WE HAD A FAIR SIZED INCREASE  IN COMEX OI (1854 CONTRACTS) OCCURRED WITH OUR LOSS OF $10.40 IN PRICE MONDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUMONGOUS INITIAL STANDING IN GOLD TONNAGE FOR FEB AT 184.40 TONNES FOLLOWED BY A HUGE 2189 CONTRACT QUEUE JUMP//218,900 OZ (6.622ONNES)  

/NEW STANDING ADVANCES TO 236.4500 TONNES +18.4527

= 254.902 7TONNES.

/ ALL OF THIS HAPPENED WITH OUR   $10.40 LOSS IN PRICE  WITH RESPECT TO WEDNESDAY’S COMEX ///. WE HAD A FAIR SIZED GAIN OF 4863 OI CONTRACTS (18.12PAPER 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 FAIR SIZED 3009 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 524,184

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 4863 CONTRACTS  WITH 1854 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 3009 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 4863 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALL SIZED AND CRIMINAL 682 CONTRACTS ISSUED.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3009 CONTRACTS) ACCOMPANYING THE FAIR SIZED INCREASE IN COMEX OI OF 1854 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 4863 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT  ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR FEB 184.40 TONNES  FOLLOWED BY TODAY’S QUEUE JUMP OF 1496 CONTRACTS FOR 1496,00OZ( 4.653TONNES). AND THEN WE ADD OUR 5 EXCHANGE FOR RISK TOTALS OF 18.4527 TONNES//NEW TOTAL OF GOLD STANDING AT THE COMEX ADVANCES TO 254.902TONNES

.

NEW STANDING FOR FEB ADVANCES TO:

236.4500NORMAL DELIVERY + .18,4527 TONNES OF EXCHANGE FOR RISK/PRIOR

EQUALS 254.902TONNES

//NEW STANDING FEB: 254.902 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 FRIDAY WITH LITTLE SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WITH OUR1)  $10.40 PRICE LOSS WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A STRONG GAIN OF 4863 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED WEDNESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL AND THUS OUR RECORD NUMBER OF GOLD TONNES STANDING FOR FEBRUARY.

  4) FAIR SIZED COMEX OPEN INTEREST INCREASE 5)  FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///SMALL T.A.S.  ISSUANCE: 682 T.A.S.CONTRACTS//

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2025 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: 54,086 CONTRACTS OF 5,408,600OZ OR 188.23TONNES IN 13TRADING DAY(S) AND THUS AVERAGING: 4160 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 13 TRADING DAY(S) IN  TONNES  186,23 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  168,23 DIVIDED BY 3550 x 100% TONNES = 4.73% 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: 168.23 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A GOOD SIZED ISSUANCE THIS MONTH)

SPREADING OPERATIONS

(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS

SPREADING LIQUIDATION HAS NOW COMMENCED   AS WE HEAD TOWARDS THE  NEW  ACTIVE FRONT MONTH OF FEB. WE ARE NOW INTO THE SPREADING OPERATION OF  GOLD

HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE  NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF FEB., FOR  GOLD: AND MARCH FOR SILVER

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.

The crooks also use the spread in the TAS  account  (trade at settlement).  They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle  of the  front delivery month cycle. They unload the sell side of the equation, two months down the road.  The crooks violate position limits as the OCC refuse to hear our complaints.

First, here is an outline of what will be discussed tonight:

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A STRONG SIZED 705 CONTRACTS OI  TO 169,352 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 0 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: 1245 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI LOSS OF 705 CONTRACTS AND ADD TO THE 0 E.FP. ISSUED

WE OBTAIN A STRONG SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 705 CONTRACTS

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES  TOTALS 3.925MILLION OZ OCCURRED WITH OUR $0.16 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  THURSDAY MORNING//WEDNESDAY  NIGHT

SHANGHAI CLOSED DOWN 0.76PTS OR 0.02%

//Hang Seng CLOSED DOWN 367,26 PTS OR 1.10%

// Nikkei CLOSED DOWN 486,57 OR 1.20%//Australia’s all ordinaries CLOSED DOWN 1.12%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.2838HINESE YUAN OFFSHORE CLOSED UP TO 7.2650 Oil DOWNTO 72.18 dollars per barrel for WTI and BRENT DOWN TO 75.81Stocks in Europe OPENED ALL MIXED

ONSHORE USA/ YUAN TRADING BELOWEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING

STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

END

END

ASIA TRADING THURSDAY MORNING/WEDNESDAY  NIGHT

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 1854 CONTRACTS TO 524,184 DESPITE OUR LOSS IN PRICE OF $10.40 WITH RESPECT TO WEDNESDAY’S TRADING/RAID. WE LOST ZERO NET LONGS WITH THAT PRICE LOSS FOR GOLD. BUT AS YOU WILL SEE BELOW, THE LOSS IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3009) .

THE CME ANNOUNCED WEDNESDAY NIGHT, ZERO EXCHANGE FOR RISK CONTRACTS FOR NIL OZ OR 0 TONNES.

AND SO FAR IN FEBRUARY: WE HAVE HAD FIVE EXCHANGE FOR RISKS NOW 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:

1. THE BANK OF ENGLAND
2. 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 GOOD SIZED GAIN ON OUR TWO EXCHANGES OF 4863 CONTRACTS WITH OUR LOSS IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON WEDNESDAY 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 (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 TODAY INCLUDING WITH OUR STRONG T.A.S. ISSUANCES AND STRONG T.A.S. LIQUIDATION. MONDAY NIGHT, THEY ISSUED A STRONG 1142 CONTRACT ANNOUNCEMENT (MONDAY NIGHT/TUESDAY MORNING).

THE FED IS THE OTHER MAJOR SHORT OF AROUND 16+ TONNES OF GOLD OWING TO THE B.I.S. THE FED NEEDS TO COVER AS THEY ARE VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES ONCE THE BRICS BEGIN THEIR INITIATIVE AND ABANDON THE US DOLLAR. THIS WAS SCHEDULED TO HAPPEN LATE OCT 2024/(AS OUTLINED IN OUR GOLD PHYSICAL COMMENTARIES//VIEW ANDREW MAGUIRE LATEST LIVE FROM VAULT PODCAST FRIDAY’S 197 , 199, 2001,   202, 203 , 204 ,205  206, 207 208 AND TODAY’S 209, AS HE TACKLES THIS IMPORTANT TOPIC). THE FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE THESE PAST TWO MONTHS. THEY ARE TOTALLY TRAPPED., AND THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY!IT SURE LOOKS LIKE THE BIS HAS GIVEN THE FED ITS MARCHING ORDERS TO COVER ITS PHYSICAL GOLD SHORT AS TRUMP CAME INTO OFFICE MONDAY NOON JAN 20. TRUMP WILL PROBABLY BE FURIOUS WITH THE FED IF IT FINDS OUT THAT THEY (FRBNY) HAS BEEN MANIPULATING THE GOLD MARKET FOR THE PAST TWO YEARS.

OUR PHYSICAL LONDONERS BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT ANY PRICE AND THIS GOLD BOUGHT WILL BE TENDERED FOR PHYSICAL ON A T + ???? BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD IS SUPPOSED BE DELIVERED IN A VERY TIMELY ONE DAY. CENTRAL BANKS AROUND THE WORLD, BEING REPRESENTED BY OUR LONDONERS, ARE THE REAL PURCHASERS OF THIS GOLD.

THE PROBLEM FOR THOSE PROVIDING THE SHORT PAPER IS THE SHOCK TO THEM ON RECEIVING NOTICE THAT THE LONGS WANT THE PHYSICAL GOLD AS THEY TENDER FOR THAT SHINY YELLOW METAL. THE HIGH LIQUIDATION OF OUR TWO SPREADERS: 1) THE MONTH END SPREADERS AND 2. T.A.S DURING LAST WEEK IS SURELY DISTORTING COMEX OPEN INTEREST BUT THAT DOES NOT STOP LONDON’S ACCUMULATION OF PHYSICAL! YOU CAN ALSO VISUALIZE THAT PERFECTLY WITH THE HUGE AMOUNTS OF QUEUE JUMPING ORCHESTRATED BY CENTRAL BANKERS BOLTING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR THE PLANET LOOKING FOR GOLD. 

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW DEEP INTO THE ACTIVE DELIVERY MONTH OF FEBRUARY…  THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A STRONG SIZED 3009 EFP CONTRACTS WERE ISSUED: :  /FEB  3009 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 3009 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 GOOD SIZED TOTAL OF 4863 CONTRACTS IN THAT 3009 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR SIZED GAIN OF 1854 COMEX  CONTRACTS..AND THIS GOOD SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $10.40 FOR WEDNESDAY/ COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED  ABOVE. THE MAJOR PART OF THE LOSS 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 WEDNESDAY NIGHT/THURSDAY MORNING WAS A SMALL SIZED SIZED 682 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 LAST 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 (243.939 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: 243.939 TONNES (WHICH INCLUDES 18.4567 TONNES OF EX FOR RISK)

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 50 MONTHS OF 2021-2024:

DEC 2021: 112.217 TONNES

NOV.  8.074 TONNES

OCT.    57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY 7.2814 TONNES

JUNE:  72.289 TONNES

MAY 5.77 TONNES

APRIL  95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

TOTAL  YEAR  2021 (JAN- DEC): 601.213 TONNES

YEAR 2022:

JANUARY 2022  17.79 TONNES

FEB 2022: 59.023 TONNES

MARCH: 36.678 TONNES

APRIL: 85.340 TONNES FINAL.

MAY: 20.11 TONNES FINAL

JUNE: 74.933 TONNES FINAL

JULY 29.987 TONNES FINAL

AUGUST:104.979 TONNES//FINAL

SEPT.  38.1158 TONNES

OCT:  77.390 TONNES/ FINAL

NOV 27.110 TONNES/FINAL

Dec. 64.000 tonnes

(TOTAL  YEAR 656.076 TONNES)

2023:

JAN/2023:    20.559 tonnes

FEB 2023: 47.744 tonnes

MAR:  19.0637 TONNES

APRIL: 75.676  tonnes

MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk =  20.338

JUNE: 64.354 TONNES

JULY: 10.2861 TONNES

AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)

SEPT: 15.281 TONNES FINAL

OCT.    35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes

NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK   = 34.9627 TONNES

DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK =  51.707 TONNES

TOTAL 2023 YEAR : 436.546 TONNES

2024

JAN ’24.      22.706 TONNES

FEB. ’24:  66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)

MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES

APRIL: 2024: 53.673TONNES FINAL

MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325

JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022

JULY: 11.692 TONNES

AUGUST 69.602 TONNES//FINAL STANDING

SEPT. 13.164 TONNES.

OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES

NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES

DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES  EQUALS 95.1066 TONNES

total year 2024: 540.30 tonnes

2025

January 2025: 70.102 TONNES + 43.208 EXCHANGE FOR RISK= 113.310 TONNES

FEBRUARY: 225.486 TONNES OF GOLD+ + 18.4527 TONNES EX FOR RISK PRIOR=//NEW TOTAL STANDING 243.939 TONNES

COMEX GOLD TRADING/FEB CONTRACT MONTH

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $10.40/)/BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION WEDNESDAY AS THEY WERE TRYING TO QUELL GOLD’S RISE AND STOP HUGE COMEX/OTC DERIVATIVE LOSSES FROM ALSO RISING. THE BANKERS WERE UNSUCCESSFUL IN SLOWING THEIR DERIVATIVE LOSSES IN PRECIOUS METAL BETS WITH OPTIONS EXPIRY JAN 28 AT THE COMEX. OUR T.A.S. SPREADER LIQUIDATIONS THIS 2ND WEEK OF FEB, WERE DISTORTING OPEN INTEREST AS I EXPLAINED ABOVE, BUT IS HAVING NO EFFECT ON GOLD’S METEORIC RISE IN PRICE. PRIOR TO FRIDAY . THE RAID ON FRIDAY WAS NEEDED TO QUELL PRICE RISES IN GOLD AND SILVER,. SILVER IS A BIG HEADACHE FOR OUR CROOKS AS THE PHYSICAL METAL IS BASICALLY UNATTAINABLE. DERIVATIVE LOSSES ON BOTH GOLD AND SILVER ARE HUGE!

THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL WEDNESDAY EVENING THURSDAY 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!

75 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. IN MID WEEK WE HAD ANOTHER .3114 TONNES OF EXCHANGE FOR RISK ISSUANCED//NEW TOTAL 18,4527 TONNES!..FINALLY THIS TOTAL WILL NOW BE ADDED TO OUR REGULAR DELIVERIES THROUGHT THE MONTH. FOR TUESDAY FEB 19 ZERO EXCHANGE 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 15.12PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR FEB (184.40TONNES) ON FIRST DAY NOTICE FOLLOWED BY A STRONG SIZED 21,29 CONTRACT QUEUE JUMP FOR 212,900 OZ. NEW STANDING ADVANCES TO 225.486TONNES OF GOLD. TO WHICH WE ADD OUR 18.4527TONNES OF EXCHANGE FOR RISK//NEW TOTALS STANDING 243.939TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE  TO THE TUNE OF $10.40

WE HAD 894CONTRACTS 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 4863CONTRACTS OR 486,300OZ (15.12ONNES)

confirmed volume WEDNESDAY 180,523ontracts: POOR///

//speculators have left the gold arena

END

// THE FEB 2025 GOLD CONTRACT

FEB 20

INITIAL

dealer deposits: 1

ENTRIES











i) Brinks dealer 96,052.733oz




total dealer 96,052.733 OZ 2.9876 TONNES

we have 4customer deposits:

3 ENTRIES

3 ENTRIES



i) into brinks 148,525,903 oz

i)into jpmorgan 48,598.01(15100kilobars
iii)into Manfra 40,822.5480z

total customer 237,896.462oz 7,3995 tonnes

total dealer and customer 10,387 tonnes

withdrawals: 2

2 entries

1.out of Brinks enhanced

2285,975 oz

5 London Good delivery bars

ii) Brinks customer
192.906 oz

6 kilobars

total 2581.881 oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

adjustments:2/comex is in chaos

2 customer to dealer

a) Ashai 32,022.498 oz

b) Manfra 54,582.696 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 LOSS OF 678 CONTRACTS TO STAND AT 2369, WE HAD 2174 CONTRACTS SERVED ON WEDNESDAY SO WE GAINED A HUGE 1496 CONTRACTS OR A 1496,00OZ QUEUE JUMP OR 4.653 TONNES,.(THURSDAY, FEB 13 WE WITNESSED THE HIGHEST EVER QUEUE JUMP RECORDED AT THE COMEX AT 12.12 TONNES)

MARCH HAD A GAIN OF 331 CONTRACTS DOWN TO 15,150

APRIL HAD A LOSS OF 2320 CONTRACTS UP TO 385,846 CONTRACTS

MAY GAINED I CONTRACT UP TO 2.

We had 1,973 contracts filed for today representing 197,300oz  

This is a huge major assault on the comex for gold and this time it is physical that will be requested.

Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 2174 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 537 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 (75,623 100 oz ) to which we add the difference between the open interest for the front month of  FEB.(2369CONTRACTS)  minus the number of notices served upon today  (1973 x 100 oz per contract) equals  7,601,900OZ  OR 225.486TONNES  TO WHICH WE ADD NEW EXCHANGE FOR RISK 18.4527 TONNES//NEW TOTAL STANDING 243.939TONNES

thus the INITIAL standings for gold for the FEB contract month:  No of notices filed so far (75,623x 100 oz +we add the difference for front month of FEB ( 2369OI} minus the number of notices served upon today (1973x 100 oz) which equals  7,601,900 Oz (236.45ONNES  + 18,4527 tonnes ex for risk PRIOR = 243.939onnes

TOTAL COMEX GOLD STANDING FOR FEB.: 254.902TONNES 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: 2,082,524.203 oz 64.77onnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 38,314,465,.63oz  

TOTAL REGISTERED GOLD 17,745,038.839or 551.945onnes

TOTAL OF ALL ELIGIBLE GOLD: 20,569,426.874OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,662,514oz (REG GOLD- PLEDGED GOLD)= 487.169onnes //

END

SILVER/COMEX

FEB 20

INITIAL

// THE FEB 2025  SILVER CONTRACT//INITIAL

i)  0 dealer  deposit/

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

deposits customer side

3entries



i) Into JPMorgan 898,721,204 oz
ii) Into Loomis 2,106,289,620 oz
iii) Into Manfra 403,113.200 oz

total 3,408,124.020 oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

withdrawals 1

597,219.640 oz


a) Brinks 597,219.640 oz

ADJUSTMENTs 2customer to dealer:

i) Brinks 671,270.535 oz

ii) JPMorgan 403,688.780 oz

JPMorgan has a total silver weight: 155.997million oz/388.090million  or 40.20%

TOTAL REGISTERED SILVER: 98.513MILLION OZ//.TOTAL REG + ELIGIBLE. 388.080million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY

silver open interest data:

FRONT MONTH OF FEB /2025 OI: 158 OPEN INTEREST CONTRACTS FOR A LOSS OF 127 CONTRACTS.

WE HAD 146 NOTICES FILED ON WEDNESDAY SO WE GAINED 19 CONTRACTS OR WE EXPERIENCED A 95,000 OZ EXCHANGE QUEUE JUMP AS THESE GUYS WILL TRY THEIR LUCK AT THE COMEX TRYING TO OBTAIN PHYSICAL SILVER.

MARCH SAW A LOSS OF 6801CONTRACTS DOWN TO 71,725 HE FRONT ACTIVE DELIVERY MONTH OF MARCH ALSO IS NOT DECLINING MUCH AND WE SHOULD ALSO HAVE A HUMDINGER OF A DELIVERY MONTH FOR MARCH.

APRIL SAW ANOTHER GAIN OF 54 CONTRACTS TO STAND AT 549

MAY SAW A GAIN OF 5908 CONTRACTS UP TO 74,125 CONTRACTS

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 0 or 0.MILLION oz

CONFIRMED volume; ON WEDNESDAY 75,496 huge//

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 4379 X5,000 oz = 21.895 MILLION oz 

to which we add the difference between the open interest for the front month of FEB (577 and the number of notices served upon today (9)x (5000 oz)

Thus the  standings for silver for the FEB 2025 contract month:  4379 Notices served so far) x 5000 oz + OI for the front month of FEB(577 )minus number of notices served upon today (9)x 5000 oz equals silver standing for the FEB contract month equating to 22.640 MILLION OZ. 

 New total standing: 22.640 million oz which is huge for a non active delivery month of February

There are 97.0438million 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 20  WITH GOLD UP $21,15 TODAY HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 8.51TONNES FROM THE GLD ///INVENTORY RESTS AT 877,95TONNES

FEB 19/  WITH GOLD DOWN $10.40 TODAY HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 6.38TONNES FROM THE GLD ///INVENTORY RESTS AT 869.44TONNES

FEB 18/  WITH GOLD UP $43.00 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.14TONNES FROM THE GLD ///INVENTORY RESTS AT 863.06TONNES

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

GLD INVENTORY: 877.95 TONNES, TONIGHTS TOTAL

SILVER

FEB 20WITH SILVER UP $0.29//HUGE CHANGES IN SILVER INVENTORY AT THE SLV : HUGE CHANGES AT THE SLV A WITHDRAWAL OF 1.547 MILLION OZ/. //INVENTORY AT SLV RESTS AT 435,171MILLION OZ

FEB 19WITH SILVER DOWN $0.16//HUGE CHANGES IN SILVER INVENTORY AT THE SLV : HUGE CHANGES AT THE SLV A WITHDRAWAL OF 2.276 MILLION OZ/. //INVENTORY AT SLV RESTS AT 436.717MILLION OZ

FEB 18WITH SILVER UP $.56//HUGE CHANGES IN SILVER INVENTORY AT THE SLV : NO CHANGES AT THE SLX/. //INVENTORY AT SLV RESTS AT 438.994MILLION OZ

FEB 14WITH 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

CLOSING INVENTORY 435.171MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

END

2/ Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens

ALASDAIR MACLEOD

.3 CHRIS POWELL AND GATA DISPATCHES

Chris Powell…..

4 ANDREW MAGUIRE/LIVE FROM THE VAULT NO 210

Episode

210

 5B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//COFFE

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING WEDSDAY MORNING TUESDAY  NIGHT

SHANGHAI CLOSED DOWN 0.76PTS OR 0.02%

//Hang Seng CLOSED DOWN 367,26 PTS OR 1.10%

// Nikkei CLOSED DOWN 486,57 OR 1.20%//Australia’s all ordinaries CLOSED DOWN 1.12%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.2838HINESE YUAN OFFSHORE CLOSED UP TO 7.2650 Oil DOWNTO 72.18 dollars per barrel for WTI and BRENT DOWN TO 75.81Stocks in Europe OPENED ALL MIXED

ONSHORE USA/ YUAN TRADING BELOWEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING

STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

END

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /THURSDAY MORNING.7:30 AM

ONSHORE YUAN:   CLOSED UP AT 7.2838

OFFSHORE YUAN: DOWN TO 7.2650

SHANGHAI CLOSED CLOSED DOWN 0.76PTS OR 0.02%

HANG SENG CLOSED CLOSED DOWN 367.26 PTS OR 1.10

2. Nikkei closed DOWN 486.57 OR 1.20%

3. Europe stocks   SO FAR:  ALL MIXED

USA dollar INDEX DOWN TO  106.986 EURO RISES TO 1.0430 UP 12 BASIS PT HEADING TO PARITY WITH USA

3b Japan 10 YR bond yield: RISES TO. +1.430apan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 150,72…… 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 UP FOR UP this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.5545 Italian 10 Yr bond yield UP to 3.629 SPAIN 10 YR BOND YIELD UP TO 3.218

3i Greek 10 year bond yield UP TO 3.392

3j Gold at $2953.50 /Silver at: 33.02  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 01AND 27 /100  roubles/dollar; ROUBLE AT 88.35

3m oil into the 72dollar handle for WTI and  76 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 150.32  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.431% 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 0.9026 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9413well 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: 4.522 DOWN 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.758 DOWN 2 BASIS PTS/

USA 2 YR BOND YIELD:  4.261 UDOWN 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 36.32…

10 YR UK BOND YIELD: 4.6640 UP 1 PTS

10 YR CANADA BOND YIELD: 3.175 DOWN 2BASIS PTS

5 YR CANADA BOND YIELD: 2.875 DOWN 2 PTS.

2a New York OPENING REPORT

2B) EUROPEAN REPORT

C) ASIA REPORT

FOMC Minutes weighed on USD, APAC mixed with China outperforming on tariff optimism – Newsquawk Europe Market Open

Thursday, Feb 20, 2025 – 01:18 AM

• US President Trump remarked that a new trade deal with China is possible; EU’s Sefcovic says they are prepared to talk about reducing the 10% US auto tariff 
• FOMC Minutes showed various participants believed it might be appropriate to pause/slow balance sheet runoff given debt ceiling dynamics, supporting USTs.
• Fed’s Jefferson said they can take their time weighing the next move and Goolsbee said inflation is too high, once it comes down rates can follow
• FOMC Minutes weighed on the USD, while EUR & GBP were largely rangebound & USD/JPY hit a fresh YTD low
• Commodities await clarity on tariffs and Ukraine; Trump continued critical language on Zelensky though rhetoric from US advisors was more constructive
• APAC traded mostly softer aside from China picking up on Trump’s trade remarks, European bourses point to a slightly firmer open
• Looking ahead, highlights include US Initial Jobless Claims, Philly Fed Index, EU Consumer Confidence, NZ Trade, Australian PMI, Japanese CPI, Speakers including ECB’s Makhlouf, Fed’s Goolsbee, Musalem, Jefferson & Barr, Supply from Spain, France & US.
• Earnings from Alibaba, Walmart, Unity, Wayfair, Baxter, Rivian, Zealand Pharma, Airbus, Renault, Zurich Insurance, BE Semiconductor, Schneider Electric, Lloyds, Anglo American, Hargreaves Lansdown & Mercedes Benz.
• Click for the Newsquawk Week Ahead.
• More Newsquawk in 3 steps:1. Subscribe to the free premarket movers reports2. Listen to this report in the market open podcast (available on Apple and Spotify)3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
• US TRADEEQUITIES
• US stocks were little changed and finished mixed on Wednesday while T-Notes bull steepened with upside in both assets seen in late trade after the FOMC Minutes which signalled the Fed is in no rush to adjust policy and they should be cautious with future adjustments. However, commentary that various participants suggest it may be appropriate to pause or slow the balance sheet run-off until the debt ceiling issue is resolved, took the limelight and sent T-Notes to session highs with stocks following suit. Elsewhere, the attention also largely centred around geopolitics with more issues surrounding Ukraine and Russia peace talks as President Trump called Ukrainian President Zelensky a dictator and said that he needs to move fast or he is not going to have a country left.
• SPX +0.18% at 6,140, NDX +0.05% at 22,175, DJI +0.16% at 44,627, RUT -0.46% at 2,281.
• Click here for a detailed summary.
• FOMC MINUTES
• FOMC Minutes stated all participants said it was appropriate to hold rates and the staff’s economic outlook was largely unchanged from the one provided at the December meeting. The Committee was well positioned to take time to assess the evolving outlook for economic activity, the labour market, and inflation, with the vast majority pointing to a still-restrictive policy stance. Participants indicated that provided the economy remained near maximum employment, they would want to see further progress on inflation before making additional adjustments to the target range for the federal funds rate. A majority of participants also observed that the current high degree of uncertainty made it appropriate for the Committee to take a careful approach in considering additional adjustments to the stance of monetary policy. Furthermore, a few noted that the current target range for the federal funds rate may not be far above its neutral level and various participants noted it may be appropriate to consider pausing or slowing the balance sheet runoff until there is a resolution of debt ceiling dynamics.
• TARIFFS/TRADE
• US President Trump said he will announce tariffs on cars, semiconductors, chips, pharma and probably lumber over the next month or sooner, while he is looking at a 25% tariff on lumber and forest products. Trump also said he is speaking to China on TikTok and later commented that a new trade deal with China is possible.
• EU Trade Commissioner Sefcovic said there is nothing unfair about trade with the US and sees no justification for sudden unilateral tariff increases by the US, according to Bloomberg. It was separately reported Sefcovic said the EU is prepared to talk with the US about reducing its 10% tariff on cars as part of a broader negotiation aimed at avoiding a transatlantic trade war, according to POLITICO.
• NOTABLE HEADLINES
• Fed Vice Chair Jefferson (voter) said the Fed can take time when weighing the next monetary policy move and US economic performance has been quite strong, while he added that US monetary policy remains restrictive, the US labour market is solid and inflation has eased but is still elevated. Jefferson also said the best thing the Fed can do is to achieve its dual mandates on inflation and employment, as well as noted that they are fully committed to getting inflation back to target and will do what it takes. Furthermore, he said the Fed is in a watch-and-wait mode about the state of government policy.
• Fed’s Goolsbee (2025 voter) said inflation has come down but it is still too high and once inflation has come down, rates can come down more.
• Fed’s Bostic (2027 voter) said he did not expect progress on inflation would go in a straight line and bumpiness in inflation is not super surprising, while the question is whether Jan. CPI was a bump in the road or a new trend. Bostic also stated that the Fed did not cut too much last year and policy remains restrictive, as well as noting he is comfortable with taking a pause to see how the economy evolves and does not know what the future holds but noted everything is on the table at every meeting, according to Yahoo Finance.
• US President Trump said the golden age of the US is back and it is open for business, while he will be working with Congress to pass the largest tax cuts in US history and will dramatically cut taxes with no taxes on tips and hopefully no taxes on social security. Furthermore, Trump said they are considering a new concept where they will give 20% of the DOGE savings to American citizens and with 20% to go to paying down debt.
• US President Trump said he is not happy with Boeing (BA) about Air Force One and could buy a used plane or a plane from another country, but also commented that he would not consider buying a plane from Airbus (AIR FP).
• US President Trump’s administration may use public health order to cut immigration, according to CNN. It was later reported that President Trump signed an executive order to ensure taxpayer resources are not used to incentivise or support illegal immigration, according to the White House.
• US President Trump’s administration reportedly ordered the Pentagon to plan for 8% budget cuts, according to the Washington Post. US Pentagon later commented that the budget review aims to save about USD 50bln which will be spent on programs aligned with US President Trump’s priorities.
• US Commerce Secretary Lutnick said President Trump’s goal is to abolish the Internal Revenue Service, according to a Fox interview cited by Reuters.
• US Senate Majority Leader Thune said the US Senate will proceed with its budget resolution, which will take place on Thursday.
• APAC TRADEEQUITIES
• APAC stocks mostly declined with sentiment dampened by ongoing geopolitical uncertainty and after US President Trump’s latest comments in which he repeated criticism against Ukrainian President Zelensky and said he will announce tariffs on cars, semiconductors, chips, pharma and probably lumber over the next month or sooner.
• ASX 200 was pressured with mining, materials and financials among the worst performing sectors, while participants digested a slew of earnings releases including from the likes of Rio Tinto and Fortescue.
• Nikkei 225 suffered from the ill effects of a firmer currency and slipped beneath the 39,000 level as Japan’s 10yr yield initially climbed to its highest since November 2009.
• Hang Seng and Shanghai Comp conformed to the downbeat mood amid trade frictions and US tariff threats, while China unsurprisingly maintained the Loan Prime Rates. However, the mainland index eventually returned to flat territory and there were recent reports that US President Trump is eying a bigger and better trade deal with China that would include substantial investment and commitments for China to buy more US products.
• US equity futures were lacklustre after yesterday’s choppy price action and following the latest FOMC Minutes which stated all participants said it was appropriate to hold rates although various participants noted it may be appropriate to consider pausing or slowing the balance sheet runoff until there is a resolution of debt ceiling dynamics.
• European equity futures indicate a marginally higher cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 1.3% on Wednesday.
• FX
• DXY gradually softened with some pressure seen after the FOMC Minutes which noted all participants said it was appropriate to hold rates and the staff’s economic outlook was largely unchanged from the December meeting although various participants noted it may be appropriate to consider pausing or slowing the balance sheet runoff until there is a resolution of debt ceiling dynamics. There were also recent comments from Fed officials including Jefferson who said the Fed can take time when weighing the next monetary policy move, while Goolsbee said inflation has come down but it is still too high and once it has come down, rates can come down more.
• EUR/USD traded rangebound but was kept afloat after the dollar softened post-FOMC Minutes and following the prior day’s intraday rebound in the single currency from support at the 1.0400 level.
• GBP/USD partially nursed its recent losses and attempted to reclaim the 1.2600 level to the upside.
• USD/JPY retreated amid initial gains in Japanese yields and the negative risk appetite on Tokyo, while further downside was seen after the pair breached beneath last week’s support at the 151.00 level to print a fresh YTD low.
• Antipodeans were choppy amid the mostly negative risk appetite and with only brief support from the stronger-than-expected jobs data in Australia in which employment change topped forecasts at 44k (exp. 20k) and was solely fuelled by full-time jobs. Nonetheless, there was a gradual uptick seen later in the session on the back of a softer buck.
• PBoC set USD/CNY mid-point at 7.1712 vs exp. 7.2856 (prev. 7.1705).
• FIXED INCOME
• 10yr UST futures extended on the prior day’s gains with support seen after the FOMC Minutes which stated that various participants noted it may be appropriate to consider pausing or slowing the balance sheet runoff.
• Bund futures mildly rebounded from yesterday’s trough but remained firmly beneath the 132.00 level after recent German supply and hawkish comments from ECB’s Schnabel.
• 10yr JGB futures initially edged higher amid the risk-off mood in Japan but later pared its gains after weaker results from the enhanced liquidity auction in Japan for longer-dated bonds.
• COMMODITIES
• Crude futures were marginally lower after yesterday’s indecisive performance amid geopolitical uncertainty due to the recent US turnaround in foreign policy and with prices contained after bearish private sector inventory data.
• US Private Inventory Data (bbls): Crude +3.3mln (exp. +2.2mln), Distillate -2.7mln (exp. -3.5mln), Gasoline +2.8mln (exp. +0.8mln) Cushing +1.7mln.
• US President Trump said they will fill up the SPR fast and will cut taxes on domestic producers of oil and gas.
• Spot gold traded rangebound albeit with mild gains after rebounding as the dollar softened on the FOMC Minutes.
• Copper futures were choppy with demand contained amid the mostly negative risk appetite in Asia.
• CRYPTO
• Bitcoin steadily gained overnight and rose back above the USD 97,000 level following comments from US President Trump who said that he will make the US the crypto capital.
• NOTABLE ASIA-PAC HEADLINES
• Chinese Loan Prime Rate 1Y (Feb) 3.10% vs. Exp. 3.10% (Prev. 3.10%)
• Chinese Loan Prime Rate 5Y (Feb) 3.60% vs. Exp. 3.60% (Prev. 3.60%)
• RBNZ Governor Orr said he is feeling more positive about the inflation situation and expects the cash rate will be around 3% by year-end, while he added “in an environment of low and stable inflation”. Orr later commented that there would have to be an economic shock to cut by 50bps again.
• DATA RECAP
• Australian Employment (Jan) 44.0k vs. Exp. 20.0k (Prev. 56.3k)
• Australian Full Time Employment (Jan) 54.1k (Prev. -23.7k)
• Australian Unemployment Rate (Jan) 4.1% vs. Exp. 4.1% (Prev. 4.0%)
• GEOPOLITICSRUSSIA-UKRAINE
• Ukrainian President Zelensky is scheduled to meet Thursday in Kyiv with US envoy Kellogg and said it is crucial that this discussion and the overall cooperation with the US remain constructive, according to Axios’ Ravid.
• US President Trump said he spoke with Russian President Putin and Ukrainian President Zelensky to end the war, while he repeated language that suggested Ukraine started the war, as well as stated that Zelensky could have come to talks if he wanted to and had done a terrible job. Furthermore, Trump said he hopes to see a ceasefire soon and separately noted a deal can be made with Russia, while he also stated that they are going to resurrect the critical mineral deal with Ukraine and that Greenland is needed from a security standpoint.
• White House National Security Advisor Waltz said chances of a peace deal for Ukraine and Russia are good, while the next step will be technical teams talking details and French President Macron and UK PM Starmer are to come to Washington next week.
• Russian Deputy Chief of Staff said Ukraine’s losses exceeded one million military since the start of the military operation 3 years ago, according to Al Jazeera.
• Russian general staff said more than 800 square km of the Kursk region were taken back from Ukrainian forces which is about 64% of the total taken by Ukraine and Russia is advancing in all directions in the Kursk region.
• Russia conducted an attack on Kyiv on Wednesday evening in which powerful explosions were reported to shake the capital, while authorities reported air defences were in action, according to Kyiv Post.
• UK PM Starmer expressed his support for Ukrainian President Zelensky as Ukraine’s democratically elected leader and noted that it was perfectly reasonable to suspend elections during wartime, while he reiterated his support for the US-led efforts to get a lasting peace in Ukraine that deterred Russian from any future aggression.
• German Chancellor Scholz said Trump calling Zelensky a ‘dictator’ is ‘false and dangerous’, according to Spiegel.

3 .ASIA

3A NORTH KOREA/SOUTH KOREA

end

3BJAPAN

end

3C. CHINA/

CHINA

3 .ASIA

3A NORTH KOREA/SOUTH KOREA

end

3BJAPAN

end

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS

Slain hostages Oded Lifshitz, Shiri, Kfir and Ariel Bibas to be returned to Israel

The four were taken hostage by Hamas on October 7 from their homes in Kibbutz Nir Oz; it is currently unclear how they died.

By JERUSALEM POST STAFFFEBRUARY 19, 2025 20:07Updated: FEBRUARY 20, 2025 07:45

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-842706&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20250219_74f27408970c71d6379ea4093ee4fc7b51bf2d8b&useBunnyCDN=0&themeId=140&unitType=tts-player

Israel on Wednesday confirmed that the list of four slain hostages who are set to be returned to Israel on Thursday includes Shiri Bibas, her two sons Ariel Bibas and Kfir Bibas, as well as Oded Lifshitz.

They will be returned to Israel after 503 days in Hamas captivity. All four were taken by Hamas on October 7 from their homes in Kibbutz Nir Oz. 

Yarden Bibas, the father of the Bibas children, was released alive earlier this month as part of a hostage-prisoner swap.

Shiri, Ariel, and Kfir were also among the 33 names listed to be released from Hamas captivity under the first phase of the Gaza ceasefire-hostage deal, but it was only revealed on Tuesday that they were not alive.

Following the revelation that the three were likely dead, the Bibas family released a statement saying they were in “turmoil.”

On Tuesday, Hamas’s deputy head in Gaza, Khalil al-Hayya, said the group would release the dead bodies of four Israeli hostages on Thursday. 

Bibas family

The family has garnered wide coverage as sons Kfir and Ariel were the youngest civilians abducted by the Gaza-based terror group. 

Kfir was 9 months old and Ariel was four years old when Hamas abducted them on October 7. 

Hamas’s al-Qassam Brigade claimed in November 2023, that the two brothers along with then-32-year-old mother Shiri Bibas had been killed, though the IDF never confirmed this. 

Israel has not yet confirmed when the three were killed, or how.

The Hostage Family Forum said, “Shiri was a dedicated mother and accountant, known for her boundless kindness, who nurtured and cared for all the kibbutz children. She touched everyone’s heart with her capacity for giving and love for others. Ariel, just four years old when kidnapped, loved Batman and playing with tractors in the garden. Baby Kfir, not even one-year-old when taken, had gorgeous red hair and a smile that could melt any person.”

Oded Lifshitz

Oded Lifshitz, an 84-year-old, “was a journalist and peace activist who helped found Kibbutz Nir Oz,” the Hostage Family Forum said.

“He dedicated his life to helping others and transporting sick Gazans to Israeli hospitals, and his grandchildren called him “Super Grandpa” for his wisdom and love.”

Oded had an unclouded vision of what could happen if Israeli-Palestinian divisions festered to a point beyond return.

“When the Palestinians have nothing to lose, we will lose, big time,” Lifshitz wrote some years ago in Haaretz. “The question is, what do we do then?”

He was kidnapped alongside his wife, Yocheved Lifshitz, 82, from their home in Kibbutz Nir Oz. He was shot in his hand and was lying at the edge of his property the last time his wife saw him.

His wife, Yocheved, was put on the back of a motorbike and was driven to Gaza, her burning house behind her.

Yocheved Lifshitz was one of the very first hostages to be released on October 24, 2023, after 17 days. She was held separately from her husband, so she was unable to give any information about his condition.

“These are difficult hours for us after being informed that our beloved Oded is among the deceased hostages who will be returned to Israel tomorrow,” his family announced.”He was taken alive from his home in Kibbutz Nir Oz.”

“For 502 days, we hoped and prayed for a different outcome. However, until we receive absolute certainty, our journey is not over, and even afterward, we will continue to fight until the last hostage is returned.”

“We ask the media and the public not to contact us about this matter at this time and to respect our privacy.”

The family’s abduction to Gaza

The IDF was able to confirm, after securing footage, that Shiri and her two sons were taken to Gaza alive. After being taken to Khan Yunis on October 7, they were detained by a terror group by the name of Kataib Mujahadin.

Following the release of the footage, the family said in a statement, “These videos tear our hearts out. Witnessing Shiri, Yarden, Ariel and Kfir, ripped away from their home in Nir Oz into this hellscape, feels unbearable and inhumane.

“Kidnapping children is a crime against humanity and a war crime. Ariel and Kfir are victims of monstrous evil. Our whole family has become hostages along with all the hostages.”

Dana Silberman-Sitton, the sister of Shiri Bibas, previously expressed doubts that the Bibas would be returned alive. 

In an interview with KAN11 in October, Silberman-Sitton explained she told her daughter that the rumors of their relatives’ deaths were true. “Maybe I also didn’t want to delude myself to avoid disappointment,” she explained. 

Eylon Keshet, the cousin of Yarden Bibas, also spoke of the family’s plight. In August, he told Campaign Against Antisemitism of the struggles he explained he was “on the verge of crying any minute…it feels like torture.”

ISRAEL/HAMAS

Terrorist Muhammed Abu Warda spotted at Hamas ceremony in Gaza

Abu Warda was serving 48 life sentences for being involved in terror attacks in the 1990s, including two terror attacks on the number 18 bus that killed 44 people.

By JERUSALEM POST STAFFFEBRUARY 20, 2025 08:54

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-842938&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20250219_74f27408970c71d6379ea4093ee4fc7b51bf2d8b&useBunnyCDN=0&themeId=140&unitType=tts-player

Palestinian terrorist Muhammed Abu Warda, who was released from Israeli jail in the current hostage-ceasefire deal, attended the Hamas ceremony in Khan Yunis in the southern Gaza Strip on Thursday, KAN news reported. 

In addition to Abu Warda, other Palestinian security prisoners were reportedly seen in the audience of Hamas’s ceremony ahead of the release of the four slain hostages Shiri, Ariel, and Kfir Bibas, as well as Oded Lifshitz. 

According to Israel’s public broadcaster, Abu Warda was serving 48 life sentences for being involved in terror attacks in the 1990s, including two terror attacks on the number 18 bus that killed 44 people. 

Egyptian refusal 

Israel agreed to his release on condition that he be deported abroad. However, this did not come about due to Egyptian refusal, the report noted. 

As part of the deal, Egypt agreed to serve as a transit station. However, KAN noted that Egypt conditioned the entry of new Palestinian security prisoners into its territory with the evacuation of others who were already there.

END

Not a single Gazan saved a hostage’: Global leaders react to release of murdered hostages

The United Nations rights chief said the parading of bodies in Gaza is abhorrent and flies in the face of international law.

By RAQUEL GUERTZENSTEIN FROHLICH, SARAH MOSKOWITZFEBRUARY 20, 2025 14:27Updated: FEBRUARY 20, 2025 14:39

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Finternational%2Farticle-842996&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20250219_74f27408970c71d6379ea4093ee4fc7b51bf2d8b&useBunnyCDN=0&themeId=140&unitType=tts-player

For the return of four murdered Israeli hostages, Shiri, Ariel, Kfir Bibas, and Oded Lifshitz, Hamas built a stage east of Khan Yunis in the southern Gaza Strip to publicize the event on Thursday.

Hundreds of Gaza citizens, including recently released Palestinian prisoners, children, and infants, were seen in the crowd as Hamas terrorists paraded four black coffins on their decorated stage before passing them off to members of the Red Cross.

The propaganda event has sparked anger alongside widespread grief and mourning from global leaders. 

Parading of bodies in Gaza is abhorrent

The United Nations rights chief said the parading of bodies in Gaza is abhorrent and flies in the face of international law, Reuters shared. 

“Under international law, any handover of the remains of deceased must comply with the prohibition of cruel, inhuman or degrading treatment, ensuring respect for the dignity of the deceased and their families”, Volker Turk said in a statement.

Former Israeli ambassador to the UN and the US, Gilad Erdan, compared the Palestinians in Gaza to the Nazis in an X/Twitter post.

“Even in Nazi Germany, there were Germans who saved Jews. Not a single Gazan saved a single hostage.”

Erdan continued, “Many, many ‘innocent’ Gazans took part in the kidnapping & murder, and many more came out today and on October 7th to celebrate the return of Jewish babies in coffins. “

Stay updated with the latest news!

Subscribe to The Jerusalem Post Newsletter

Subscribe Now

Secretary General of the Norwegian Refugee Council Jan Egeland expressed his anger over Hamas terrorists handling of the hostage release on X, “Civilians should never be exchanged as pawns in a power game.”

“All hostages and arbitrarily detained civilians must be released without conditions.”

‘Pure evil’

UK Chief Rabbi Ephraim Mirvis shared on X, “It is pure evil to take a mother and her young children and an elderly man hostage. It takes another layer of evil to be responsible for their deaths.

“And yet a further layer of evil to trade their bodies to release hundreds of prisoners, including terrorists serving life sentences for murder.”

“This is what Israel is up against,” Mirvis stressed. 

The National Union of Journalists shared a message in honor of Oded Lifshitz, “The NUJ extends its condolences to the family of Oded Lifshitz. Today, Hamas completed handing over four deceased hostages to the Red Cross & journalist Lifshitz was among them. The NUJ had called for his release after his kidnapping in Kibbutz Nir Oz in 2023.”

Lifshitz, a lifelong peace and Palestinian rights advocate worked for years for Al HaMishmar before his retirement. He reported extensively on the Bedouins in Israel and reportedly took a case to the High Court, which resulted in the return of some of their land, according to a previous article from The Jerusalem Post.

‘May their souls rest in peace’

Israeli Ambassador to France Joshua L. Zarka expressed his condolences on X, “On this day of mourning, may the melody of Oded’s piano accompany us, and may the laughter of Ariel and Kfir Bibas resonate in our hearts.

After more than 500 days held in the gates of hell, may their souls rest in peace.”

German parliament member Lamya Kaddor shared, “The news of the death of Bibas family is unbearable. The perfidious spectacle of the hostage handover is also unbearable. My thoughts today are with father Yarden Bibas, who himself was freed from Hamas captivity only three weeks ago.”

Reuters contributed to this report.

Terrorism thrives on complicity’: Daughter of slain Iranian hostage mourns for Bibas family

Gazelle Sharmahd is an anti-Islamic Republic activist whose father was kidnapped while on holiday in Dubai in 2020.

By JERUSALEM POST STAFFFEBRUARY 20, 2025 08:01Updated: FEBRUARY 20, 2025 08:04

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-842932&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20250219_74f27408970c71d6379ea4093ee4fc7b51bf2d8b&useBunnyCDN=0&themeId=140&unitType=tts-player

“Yarden Bibas – the same jihadists who stole my father are the ones who stole your beloved wife Shiri and your two innocent children, Ariel and Kfir,” Gazelle Sharmahd, daughter of executed German-Iranian dissident Jamshid Sharmahd, told her followers on X on Wednesday.

Gazelle Sharmahd is an anti-Islamic Republic activist whose father was kidnapped while on holiday in Dubai in 2020.

In two posts on X, Gazelle Sharmahd addressed the Bibas family, and “all victims of terror,” ahead of the release of four bodies of hostages on Thursday morning. Among the four bodies are to be the three members of the Bibas family.

“Today is a painful echo of October 28th, the day the Islamic Regime in Iran announced they had executed my father,” she wrote. “After 4 years of brutal torture, they murdered him and boasted about it to the world.”

She added that the autopsy was only performed last week, and now her family is “in a cruel, unthinkable limbo—waiting to discover whether the remains inside that casket are truly my father’s and to learn the gruesome details of how these terrorists ended his life.”

Sharmahd referred to it as “the barbaric reality of hostage-taking, where even death is shrouded in cruelty, and families are denied the dignity of certainty.”

According to her, the next steps of Hamas are obvious: “Just like the Islamic jihadists in Iran, they will lie, deflect, and manipulate to escape accountability.”

‘Terrorism, plain and simple’

“But the truth is clear: hostages taken by jihadists, tortured, held against all international law, and returned in caskets,” she continued. “This is terrorism, plain and simple.”

Sharmahd also condemned international organizations and so-called human rights activists for staying silent on the matter, and for therefore being complicit: “terrorism thrives on complicity.”

She directed a message to Yarden Bibas, who was released from captivity recently but whose family will be returning dead. “Nothing prepares you for what comes next,” said Sharmahd. “The pain is beyond words.”

However, Sharmahd said the terrorists will “fail to break us” as “we will hold hope.”

“Hope for justice, hope that this pain fuels an unstoppable strength, hope that our loved ones become eternal symbols of resilience. We, who have faced the evil of jihadists firsthand, will stand together. We will be the force that fights back. No matter what tomorrow brings, you are not alone. We stand with you.”

END

‘Pure Evil’: Hamas Hands Over Remains of Dead Israeli Mother, Toddler & Infant

Thursday, Feb 20, 2025 – 08:45 AM

Thursday was a somber and tragic day for Israel as the bodies of four slain Israeli hostages were returned by Hamas, 503 days after they were initially kidnapped in the Oct.7, 2023 raids on southern Israel and massacres.

“Hamas had said earlier in the week that it was handing over the bodies of Shiri Silberman Bibas, her two young sons Ariel and Kfir, and Oded Lifshitz, who was 83 at the time of his abduction,” Times of Israel writes.

Ariel and Kfir Bibas were the two youngest hostages taken to Gaza, and were just 4-years old and 9-months old at the time.

Israeli officials were outraged that as usual, the handover ceremony in Khan Younis was done on a stage covered with propaganda posters. The bodies were transferred to the Red Cross, who then transported the coffins to Israel. All four had been initially taken from Kibbutz Nir Oz in southern Israel.

It’s unclear how precisely the captives died, also in terms of when or where in captivity, but what’s clear is the young had been taken alive:

The mother and children were taken captive from Kibbutz Nir Oz. Video of the abduction, with a terrified Shiri Bibas seen swaddling her two redheaded boys in a blanket and being whisked away by armed men, ricocheted around the world in the hours after the attack.

Yarden Bibas, the father, was abducted and held separately and released on Feb. 1, as part of the first phase of the ceasefire deal between Israel and Hamas that paused the 15-month-long war in Gaza. During the first phase, a total of 33 hostages are to be freed in exchange for nearly 2,000 Palestinians imprisoned by Israel. Eight of those 33 were said by Israel to be dead.

Below: the footage viewed around the world showing the family’s kidnapping…

Kfir was by far the youngest of about 30 total children taken hostage, and the baby’s father, Yarden Bibas, had been  kidnapped but held separately, and released on Feb. 1 during the first phase of the current ceasefire and hostage release deal.

Israel’s Diaspora Minister Amichai Chikli blasted the whole handover ordeal of small coffins, saying “a society that cultivates a culture of murder and death has no right to exist.”

Grim images of the handover of the bodies:

“One of the West’s greatest failures is its refusal to acknowledge the existence of pure evil. We have raised generations to believe that monsters exist only in fairy tales, that there is no true right or wrong, and that all cultures are equal,” the Likud minister wrote on X.

“And then comes this accursed day, a day of horror and shame, when an elderly man, a mother, and her two children: Oded Lipschitz, Shiri, Ariel, and Kfir Bibas — who were slaughtered by Hamas terrorists, paraded like trophies before a cheering, flag-waving crowd in Gaza. Pure evil. And against such evil, there can be no excuses, rationalizations, or compromises,” he wrote in English.

Hamas has claimed it was actually Israeli bombs and attacks on Gaza which in the end killed the slain hostages, which they emphasized in propaganda posters featuring a bloody, monstrous Netanyahu…

Meanwhile, international reports as well as the Vatican have said that the death toll among Palestinians in Gaza has exceeded 44,000 – including 13,000 children – figures largely based on Gaza sources. American-supplied weapons were also heavily relied upon during the lengthy ground and air operation which has decimated the strip.

ISRAEL HAMAS

not a chance!!

Hamas aims to rule Gaza like Hezbollah in Lebanon – Former Mossad official

“They want to continue ruling Gaza. They will do everything to make that happen,” Igra said.

By WALLA!FEBRUARY 20, 2025 10:11Updated: FEBRUARY 20, 2025 10:18

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-842950&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20250219_74f27408970c71d6379ea4093ee4fc7b51bf2d8b&useBunnyCDN=0&themeId=140&unitType=tts-player

Rami Igra, former head of the Mossad’s Prisoners and Missing Persons Division, warned that Hamas seeks to establish a Hezbollah-style rule in Gaza, using the Palestinian Authority as a front while maintaining control behind the scenes in an interview with 103FM on Wednesday.

Igra discussed the ongoing negotiations for the second phase of the hostage deal and the accompanying American pressures. He emphasized that Hamas’s primary goal is to remain in power in Gaza, stating, “They want to continue ruling Gaza. They will do everything to make that happen.”

Alternative governance structure

He suggested that Hamas aims to establish a governance model similar to Hezbollah’s influence in Lebanon, where the Palestinian Authority would serve as the official front while Hamas operates behind the scenes.

Regarding Israel’s strategy, Igra criticized the current approach, asserting that military action alone is insufficient to topple Hamas. He advocated for providing the residents of Gaza with an alternative governance structure, potentially through establishing a military administration that would introduce a different entity to lead.

Reflecting on past decisions, Igra remarked, “The State of Israel should have conquered Gaza.”

Igra also addressed the influence of American policy, expressing skepticism about the US administration’s priorities.

He noted that American pressure has significantly shaped the terms of the current deal, with Hamas and US influence determining the conditions rather than Israel.

IRAEL/west bank

IDF soldiers killed three armed terrorists near Jenin

By JERUSALEM POST STAFFFEBRUARY 19, 2025 21:42Updated: FEBRUARY 20, 2025 00:07

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-842889&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20250219_74f27408970c71d6379ea4093ee4fc7b51bf2d8b&useBunnyCDN=0&themeId=140&unitType=tts-player

IDF soldiers, assisted by Yamam forces and Shin Bet intelligence, conducted a counterterrorism operation in the West Bank, killed three wanted terrorists south of Jenin, the military announced on Wednesday evening.

Two additional suspects were arrested during the operation.

Security forces swept the area and discovered a disassembled M16 rifle and other weapons buried underground, as well as a handgun found on one of the eliminated terrorists

ISRAEL/LEBANON

ISRAEL/SYRIA

US-Backed Kurdish SDF Agrees To Integrate Into Jolani’s Syrian Army

Wednesday, Feb 19, 2025 – 10:45 PM

Authored by Jason Ditz via AntiWar.com,

A major agreement has reportedly been reached between the Kurdish SDF and the post-Assad Syrian government, which will reportedly include the full integration of SDF fighters into the national army. The deal also is said to have included the civil leadership in the Autonomous Administration of North and East Syria (AANES).

Details are still emerging about a lot of exact specifics beyond the SDF integration into the military, which has been sought since the Hayat Tahrir al-Sham (HTS) took over Syria and ousted the former Assad government. The deal is expected to increase the integration of AANES territory into national government institutions at least to some extent.

It is an open question, however, how much autonomy the Kurds in that territory might retain. Some of the HTS leaders have ruled out the idea of giving any autonomy to the Kurds, and suggested that any role in the national government requires them to first totally disarm and submit.

Integration into the Syrian Army seems well short of that position, and raises the question of how Turkey will respond to the announcement. Turkey has insisted they would invade if the SDF weren’t eliminated, and integration might be short enough of that goal that Turkey close partnership with the HTS could be impacted.

SDF leader Mazloum Abdi has made comments about the potential for a deal just a day prior to these announcements. Abdi said that he was hopeful for the new HTS-led government in Syria, and promised SDF support for national stability and unity.

Turkey isn’t the only potential objector here. The Kurdistan Syria Front (KSF) issued a statement very critical of SDF and the AANES deal, even though its exact terms still aren’t public.

They warned that the deal undermines the legitimate rights of Kurds in Syria, and complained of a “path of compromise” the SDF and their associates have been on since October.

The KSF was particularly critical of the lack of consensus with other Kurdish groups before making the deal, saying that they were undermining the appearance of a unified Kurdish stance in regional and international negotiations.

It’s also not certain what the US position on this SDF deal is. The US has long supported the SDF, but in recent weeks has talked of withdrawing from Syria. The SDF says they have not been informed about any planned US withdrawal, and the US stance toward the HTS government remains uncertain.

6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES

Trump Could Be About To Ban COVID Vaccines; Report

Wednesday, Feb 19, 2025 – 06:35 PM

Authored by Steve Watson via Modernity.news,

Trump health officials could be about to recommend a complete stop to covid vaccines for all age groups in the US, according to a report.

The move would effectively ban the vaccines amid widespread suggestions that they are having expansive side effects and causing a spike in excess deaths.

The Daily Mail outlines how Dr Jay Bhattacharya, President Trump’s nomination to lead the National Institutes of Health (NIH), has backed a petition calling for the mRNA vaccines to be paused and retested.

.xcom/MailOnline/status/1892105416374448302

Bhattacharya, an Infectious diseases expert, has signed on to the Hope Accord, which claims there is a ‘casual link’ between the mRNA shots and an alarming rise in excess deaths worldwide, the report further notes.

The report also asserts that new Health Secretary Robert F. Kennedy Jr is ready to axe the shots if the data supports such a move.

RFK previously petitioned the FDA to revoke emergency authorisation of the shots six months after they were rolled out, citing a lack of data for their effectiveness or safety.

Kennedy has since said that while he wouldn’t have directly blocked the vaccines if he was in government, “I would have made sure that we had the best science, and there was no effort to do that at that time.”

Dr Aseem Malhotra, a British cardiologist who is being considered for a health advisory role in Kennedy’s team, has also called for the jabs to be suspended and reassessed.

Bhattacharya was a co-author of the Great Barrington Declaration in which thousands of scientists called for a policy of herd immunity over lockdowns and vaccinations.

He was also one of the many experts who was censored and attacked during the pandemic for challenging the orthodoxy.

Bhattacharya previously warned that “When you take a position that is at odds with the scientific clerisy, your life becomes a living hell.” 

Speaking at the Academic Freedom Conference at Stanford’s Graduate School of Business, Bhattacharya, who previously described lockdowns as the most catastrophically harmful policy in “all of history,” and “the single worst public health mistake in the last 100 years,” noted “we have a clerisy that declares from on high what is true and what is not true.”

He added that he has come to the conclusion that “academic freedom is dead.”

The most recent CDC data shows that 45 percent of adults over 65 years old have taken the most recent Covid booster shot, while 23 percent of Americans over 18 years of age have gotten it.

*  *  *

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

END

RFK Jr. Lays Out His HHS Agenda: ‘Nothing Is Going To Be Off Limits’

Wednesday, Feb 19, 2025 – 04:30 PM

Authored by Debra Heine via American Greatness,

In his first address to staffers at the Department of Health and Human Services, HHS Secretary Robert Kennedy Jr. promised that “nothing is going to be off limits” in his pursuit to reduce the chronic disease epidemic.

“Some of the possible factors we will investigate were formerly taboo or insufficiently scrutinized,” Kennedy told HHS staff, Tuesday morning. “I’m willing to subject them all to the scrutiny of unbiased science.”

Some of these previously taboo concerns, he said, include “the childhood vaccine schedule, electromagnetic radiation, glyphosate, other pesticides, ultra processed foods, artificial food additives, SSRI and other psychiatric drugs, PFAS, PFOAs, microplastics.”

RFK Jr. reminded HHS staff that an “overwhelming majority” of our Founding Fathers were “citizen scientists,” including “Thomas Jefferson, George Washington, John Adams, James Madison, Benjamin Franklin, Benjamin Rush, a physician, Julian Bartlett, a physician, Matthew Thornton, a physician, and Oliver Wolcott, a physician.”

“Science and democracy were born together during the enlightenment, and they share the same ideals for openness, for public access, and for transparency,” he said.

No one trusts science that isn’t transparent about its research hypothesis, its raw data, or its conflicts of interest. No one trusts a government built on lies, on secrets, on cover ups, and propaganda. That’s why my uncle famously observed that the word secrecy is repugnant to a free and open society.

RFK Jr. told the bureaucrats at HHS that a key “reason why our agencies have lost public trust is that they have become too politicized,”  and that “there’s no such thing as Democratic children or Republican children.”

“Science gets politicized when power and profit are involved, and power and profit are blind to compassion,” he continued. “Reducing the influence of money, therefore, goes hand in hand with depoliticizing HHS.”

Kennedy lamented that a “fog of narrative warfare” had left Americans with a warped view of his character and beliefs.

“Let’s start a relationship by letting go of any preconceptions that you may have about me,” he stated. “I’m going to keep asking questions but hold my preconceived answers lightly. I’m willing to be wrong,” Kennedy said.

“I’m not going to impose any of my beliefs over yours,” he added. “Instead, we’re going to launch a new era of radical transparency. Only through radical transparency can we provide Americans with genuine informed consent, which is the bedrock and foundation of Democracy.”

RFK Jr. continued: “It’s no secret that many of our institutions of our Democracy, and even of science and medicine, are no longer transparent.”

Because of this, he argued, these institutions “have become inefficient, dysfunctional or corrupt,” and in some cases, become “captive to profit-making industries and stagnated in bureaucratic secrecy.”

Kennedy acknowledged however that the majority of people in our public health agencies have good motives and are “competent, ethical, caring and idealistic.”

“I believe that most of you here are not here for the money,” he told his HHS audience.

“My goal as Secretary here at HHS will be to create a culture of competency, of ethics, of openness, of transparency, of caring, and of pride so that individuals who share these ideals can flourish and thrive,” Kennedy said. “Those who are unwilling to embrace those kinds of ideas can retire,” he added.

RFK Jr. vowed to “remove conflicts of interest” at HHS whenever possible or “balance them with other stakeholders,” and to shut the revolving door to outside companies “to restore public trust.”

“We will make our data and our policy process so transparent that people won’t even have to file a FOIA request,” he promised.

RFK Jr. also pledged to bring Elon Musk’s Department of Government Efficiency (DOGE) into HHS to make Medicare and Medicaid more efficient.

“The same DOGE technology that has uncovered vast amounts of waste and fraud can be used to better serve our fellow citizens who depend on these programs to make sure that no one is left behind and no one is left out,” he said. “We will aim to set a standard of courtesy, efficiency, professionalism, and integrity that will make HHS again the envy of the world.”

*  *  *

MAHA: Pick up some pure, potent, organic supplements at ZH Store!

end

ROBERT H

20) VERY URGENT: Yale researchers have found immune system exhaustion and prolonged spike protein production in some Covid jab recipients

This is a problem faced by all of us on a daily basis whether vaxxed or not because of shedding.
If one assumes this information is accurate then we all are immunocompromised. It is impossible to avoid human contact. And because people still continue with booster shots the issue of shedding is one we all face.
One is left to such things like ivermectin or NAC and Quercetin etc. or even the use of water ionizers ( some people need smaller water molecules for health) to help boost the immune system and to allow time for the body to recover. Since the body replicates its entire weight in new cells annually we all can potentially recover or improve health. The question is how well and how much while limiting cellular damage.
One thing is clear we all need to be more aware of our own state of health at a cellular level more than ever before. Because no else will do this, if we do not do this for ourselves.

https://alexberenson.substack.com/p/very-urgent-yale-researchers-have

ENS

MARK CRISPIN MILLER

Shakira rushed to hospital from show; Eagles’ Don Felder has onstage “medical emergency”; K-C rushed to hospital, cancels shows; Brian Setzer can’t play guitar

Chris Burney, Bowling for Soup’s co-founder, retires at 55, because of “recent medical developments”

UNITED STATES

Brian Setzer can’t play guitar due to autoimmune disease

February 14, 2025

Rockabilly electric guitar legend Brian Setzer [65] has announced he has been diagnosed with an autoimmune disease and is currently unable to play guitar. The Stray Cats guitarist first noticed the effects of his condition late last year while on the road with the band. As the trip reached its end, he says, “my hands were cramping up.” “I’ve since discovered that I have an autoimmune disease,” Setzer writes on social media. “I cannot play guitar. There is no pain, but it feels like I am wearing a pair of gloves when I try to play.”

Link

Upgrade to paid

Eagles guitarist Don Felder, 77, suffers shock medical emergency onstage

February 14, 2025

Eagles’ former guitarist Don Felder suffered a shock medical emergency onstage and had to be rushed for medical treatment Thursday. The iconic musician, 77, was playing the band’s hit Tequila Sunrise on the Rock Legends cruise when he abruptly stopped strumming and stared offstage. Appearing unsteady on his feet, a crew member rushed on and cradled Felder as he attempted to speak into the microphone. Visibly swaying, he was quickly escorted offstage with his bandmates as the crowd shouted support. The star’s team shared an update Friday revealing Felder had been suffering from dehydration and was feeling ‘much better’ after getting medical attention on the cruise, which sails between Miami and CocoCay, Bahamas.

Link

Jodeci Singer K-Ci Hospitalized With Pneumonia, Cancels Weekend Shows

February 13, 2025

Jodeci lead singer K-Ci [55] had to take a time-out because of a serious health scare — after going down with a bout of pneumonia!!! We’re hearing he’s alright, but Jodeci is canceling this weekend’s tour dates as a precaution. K-Ci’s manager Michael Paran tells TMZ, K-Ci was hospitalized for pneumonia and has since been released and is at home resting with antibiotics.

Link

Bowling for Soup’s Co-Founding Band Member Permanently Retires, Cites “Recent Medical Developments”

January 23, 2025

Chris Burney has played his final show with Bowling for Soup. On Jan. 22, the band took to Instagram to announce that their co-founder has retired. “It is with a heavy heart we announce that Chris Burney has made the decision to retire from his stage-right post in the band he co-founded in 1994,” the post read. “Some recent medical developments, 30 years of rocking balls and touring non-stop have made it difficult to continue. We are bummed to not have Chris by our sides, but absolutely support his decision.” Burney [55] stepped back from the group last summer amid health concerns. Since then, the band has played as a trio, with Jaret Reddick, Gary Wiseman, and Rob Felicetti taking the stage.

Link

COLOMBIA

Shakira rushed to hospital and forced to cancel concert after ‘health issues’

February 16, 2025

Shakira has been taken to the hospital, forcing her to cancel a much-anticipated concert. The beloved singer was set to light up the stage in Lima, Peru, this evening as part of her Las Mujeres Ya No Lloran World Tour. But after experiencing a health scare, Shakira sought medical advice and ended up being admitted to the hospital. The 48-year-old artist expressed her regret to fans in a heartfelt statement: “I am sorry to inform you all that last night I had to go to the ER for an abdominal issue and am currently hospitalized. The doctors whose care I am currently under have communicated that I am not in good enough condition to perform this evening.”

Researcher's Note - Ready to leave my house to go to my first in-person studio session to meet with some awesome collaborators thanks to safety measures and vaccines. I can’t wait! Link Shakira Just Asked Justin Trudeau to Step Up Funding for COVID-19 Tests, Vaccines, and Treatments

Link

UNITED KINGDOM

Duran Duran guitarist Andy Taylor ‘fighting cancer as hard as he can’

February 14, 2025

Duran Duran guitarist Andy Taylor is “fighting as hard as he can” as he continues treatment for cancer , his bandmates have said, as they addressed his absence at the Sanremo Music Festival in Italy. The musician, 63, revealed in 2022 that he had been diagnosed with prostate cancer in 2018. The following year he said his cancer was “asymptomatic”, having previously been told he needed “palliative, end-of-life care”. Speaking at a press conference at Sanremo, frontman Simon Le Bon told attendees that Taylor’s cancer was “very late, fourth-stage metastasised cancer”. Taylor said two symptoms alerted him that something was wrong: bone pain while jogging, which he almost mistook for arthritis after his years of live performances, and erectile dysfunction, which was masked by his use of Viagra.

Link

SLAY NEWS

EVOL NEWS

NEWS ADDICTS

DR PAUL ALEXANDER

Trump NOW calls the Ukrainian cross-dressing President Zelensky a ‘DICTATOR’ & affirms his tightness & support of PUTIN; He went on to warn that ‘dictator without elections’ Zelensky ‘better

move fast or he is not going to have a country left.’ ”On top of this, Zelenskyy admits that half of the money we sent him is “MISSING.” He refuses to have Elections, is very low in Ukrainian Polls”

‘President Donald Trump is doubling down on his criticism of ‘dictator’ Ukrainian President Volodymyr Zelensky amid peace talks with Russia.

‘Think of it, a modestly successful comedian, Volodymyr Zelenskyy, talked the United States of America into spending $350 Billion Dollars, to go into a War that couldn’t be won, that never had to start, but a War that he, without the U.S. and “TRUMP,” will never be able to settle,’ Trump wrote on Truth.

Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Upgrade to paid

He ripped into how the U.S. spent over $200 billion more than Europe helping Ukraine against Russia and ‘got nothing back.’

‘On top of this, Zelenskyy admits that half of the money we sent him is “MISSING.” He refuses to have Elections, is very low in Ukrainian Polls, and the only thing he was good at was playing Biden “like a fiddle.”

He went on to warn that ‘dictator without elections’ Zelensky ‘better move fast or he is not going to have a country left.’

‘In the meantime, we are successfully negotiating an end to the War with Russia, something all admit only “TRUMP,” and the Trump Administration, can do.’

On Tuesday, Trump tore into Zelensky after U.S. negotiators opened talks with Russia without him that are meant to find a way to end Russia’s war on Ukraine.

Trump blamed Zelensky for failing to head off the war inside his country, and the president said he himself was behind a push to require Ukraine to hold new elections before any peace plan can go through.’

___

You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.

Enter the Wellness Company as a solution and a willing participant in the health care conversation. From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.

END

MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK/

“And Just Like That” – Does NATO Even Exist Any More?

Thursday, Feb 20, 2025 – 01:00 PM

By Michael Every of Rabobank

Even shrugging off three-plus weeks of shocking headlines, some in markets must surely wake up today “And just like that…” realize the world around them has changed dramatically. We no longer live in a market dream Manhattan with glamour, lunches, petty insults, and expensive shoes. Rather, we are in a reality with clamor, golf games, petty insults, and expensive jackboots.

President Trump has called President Zelenskyy a corrupt “dictator” who ‘started the Ukraine War,’ warning he must make a deal while he ‘still has a country left.’ That sounded like Kremlin terminology to many European ears. Yet the US walking away from Ukraine without them even being at the table is no shock historically: does one not recall the fate of the Afghan government? Or President Mubarak? Or the South Vietnamese?

In response, Europe is assembling a crisis group of the EU, except Slovakia and Hungary, and everyone in NATO, except those two… and the US. This leads some to wonder if NATO can hold together. Yet without it, what can the others do? Even as the UK and France float air support for Ukraine, bringing them close to confrontation with Russia, that still requires US logistics: some ‘Great Power’ and ‘strategic autonomy’. Where next if the US defence umbrella which markets have been able to lunch and golf under since 1945/1991 folds?

That question is also aimed at the EU. As Professor of European Studies @stefanauer_hku warns:

“EUrope is finished. And it’s not just that France and Germany might no longer find it possible to work together (as @BecirovicMuamer points out). There will be conflicts between those countries who continue seeking security from the US (e.g., Poland) and those who won’t.”

Making his point, the Financial Times says European bond yields are rising and curves steepening on the prospect of that higher defence spending, i.e., Denmark just raised its arms spending by a massive 70%; as Ireland’s finance minister, the president of the group of Eurozone finance ministers, states the EU should stick to its spending rules rather than increasing defence investment – and who knows more about defence spending than… Ireland?

Beyond the fiscal side, unless one boosts industrial production in tandem, which involves “What is GDP *for*?” choices, then higher defence spending just sucks in imports – and of whose weapons, if Europe and the UK don’t make them, and the US is seen as unreliable?  

This isn’t solely an EU issue: China just sailed a warship 150 nautical miles from Sydney, showing its new power projection. Australians may tell themselves that it was just scouting for beach-side property in the eastern suburbs, but that is not much comfort. The jobs numbers today Down Under (+44K vs. +20K consensus) may have been good enough to keep the RBA on hold after their recent cut, but it’s no longer the major focus in Canberra, one might think.

Indeed, the Washington Post reports Defence Secretary Hegseth has ordered 8% Pentagon budget cuts for each of the next FIVE years, which would almost halve current spending. Even addressing layers of fat and invoice-padding, it seems everywhere but the Indo-Pacific region is expendable. Of course, Congress may not agree, but if it does, many will be asking who has their back. One would assume the long end of curves will go back up to reflect that defence spending and uncertainty.

In what would otherwise be headline news, Elon Musk has floated sending $5,000 checks to each American from apparent DOGE savings, as Trump said he favoured sharing 20% of the total saved. Of course, this is all past (mis?)spending and that would just bring the US deficit back again.

Undeterred, Commerce Secretary Lutnick stated a White House goal is to remove the IRS, as Trump backs the House budget bill that includes $4.5 trillion in tax cuts: note the 100% expensing for new US factories, the 15% for anything made in America, and lower taxes on oil producers in an attempt to drive energy prices down further.

And that’s as President Putin floats an energy summit between himself, the US, and Saudi Arabia, who together control 40% of the world’s oil, following on from the US and Russia already suggesting that they may develop Arctic oil together.

Failing to make any impact was a headline in The New York Times saying Trump wants a new, better trade deal with China. Don’t we all? That certainly runs entirely counter to the massive tariffs that are coming in around five weeks – unless markets think that the president who can do all of the above isn’t serious about tariffs “because markets”.

An early leak of Europe’s Clean New Industrial Deal is also a U-turn from neoliberalism. In short, it argues for “made-in-EU” quotas for both the public and private sectors and carbon product labels — economic statecraft non-tariff barrier local content rules– to make 40% of clean tech in Europe rather than buying it from China. Furthermore, to bring down energy costs the plan is to cut energy taxes and use the European Investment Bank to lend vast sums for new grid and LNG plants, etc. –economic statecraft subsidies and/or off-book quasi-fiscal spending– and an “EU critical raw material centre” to “jointly purchase raw materials” for groups of companies – economic statecraft market intervention. Naturally, this means more zero-sum global trade policy.

Summarising things, the Financial Times has an op-ed bewailing “Who will stabilize the global economy?” It points out a century ago the rising US giant, then still number two to the wounded post-WW1 British Empire, was a mercantilist rather than a stabilising force. We know how that ended in 1929, the 1930s, and the 1940s. Today, the US is going back down that path in response to a mercantilist China which never tried to go anywhere else – and so nobody is going to stabilise the global economy.

The latest Fed minutes discussed the possible effects of changes in US trade and immigration policy, as well as differentiating between the temporary and the persistent inflation impacts. Frankly, they haven’t got a clue about that, or any of the above news. Indeed, it’s unfair to expect them to –our contemporary central bankers are just not cut from that kind of intellectual cloth– and a few Fed members might even be looking at the treatment of Zelenskyy and feeling nervous.

For now, US rates are clearly on hold, following which the Fed will say “And just like that…” and…

7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/COAL

8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//

YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS THURSDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR:  1.0443 UP 12 BASIS PTS

USA/ YEN 150.72 DOWN 0.904 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN  STILL FALLS//END OF YEN CARRY TRADE BEGINS AGAIN OCT 2024/Bank of Japan raises rates by .15% to 1.15..UEDA ENDS HIKING RATES AND NOW CARRY TRADES RE INVENTS ITSELF//

GBP/USA 1.2609 UP 0.0027 OR 27 PTS

USA/CAN DOLLAR:  1.4218 UP 0.0012(CDN DOLLAR DOWN 12 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 0.76 PTS OR 0.02%

 Hang Seng CLOSED DOWN 367.26 PTS OR 1.10%

AUSTRALIA CLOSED DOWN 1.12

 // EUROPEAN BOURSE:     ALL MIXED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL MIXED

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 367.26TS OR 1.10%

/SHANGHAI CLOSED DOWN 0.76PTS OR 0.02%

AUSTRALIA BOURSE CLOSED DOWN 1.12%

(Nikkei (Japan) CLOSED DOWN 486.57 TS OR 1.20%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2953.10

silver:$33.02

USA dollar index early THURSDAY  morning: 106.986 DOWN 20 BASIS POINTS FROM  WEDNESDAY’s CLOSE.

WEDNESDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing THURSDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 3.056% UP 0 in basis point(s) yield

JAPANESE BOND YIELD: +1.4444% UP 1 FULL POINTS AND 0/100  BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.214 UP 0 in basis points yield

ITALIAN 10 YR BOND YIELD 3.627 DOWN 1points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.5545UP 1 BASIS PTS

IMPORTANT CURRENCY CLOSES :  MID DAY THURSDAY

Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM

Euro/USA 1.0447 UP .0026 OR 26basis points

USA/Japan: 150.11 DOWN 1.126 OR YEN IS UP 113 BASIS PTS//

Great Britain 10 YR RATE 4.6760 UP 2BASIS POINTS //

Canadian dollar UP .0036 OR 36 BASIS pts  to 1.4205

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY ON SHORE CLOSED DOWN AT 7.2838 ON SHORE)..CHINA MUST DEVALUE TO GOLD  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.2514

TURKISH LIRA:  36.32 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +1.444

Your closing 10 yr US bond yield DOWN 1 in basis points from WEDNESDAY at  4.522% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.749 DOWN 2 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.266 DOWN 1 BASIS PTS.

GOLD AT 11;00 AM 2936.90

SILVER AT 11;00: 32..97

Your  11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: WEDNESDAY CLOSING TIME 11:00 AM//

London: CLOSED DOWN 48,56pts or 0.57%

German Dax : UP 118.98 pts or 0.53% 

Paris CAC CLOSED UP 12.04 s or 0.15%

Spain IBEX CLOSED UP 37.70PTS OR 0.29%

Italian MIB: CLOSED DOWN 99,13 PTS OR 0.26%

WTI Oil price  72.53 11 EST/

Brent Oil:  76.42 11:00 EST

USA /RUSSIAN ROUBLE ///   AT:  88.42 ROUBLE UP 1 0AND  20 100      

GERMAN 10 YR BOND YIELD; +2.55450 UP 1 BASIS PTS.

UK 10 YR YIELD: 4.6760 UP 2 BASIS POINTS

CDN 10 YEAR RATE: 3.229UP 1 BASIS PTS.

CDN 5 YEAR RATE: 2.913 UP 01BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0498 UP 0.0077 OR 77 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR

British Pound: 1.2667 UP.0085OR 85 basis pts/HEADING FOR PARITY /USA

BRITISH 10 YR GILT BOND YIELD:  4.6089 DOWN 1 BASIS PTS//

JAPAN 10 YR YIELD: 1.432 UP 1 BASIS BASIS PTS.

USA dollar vs Japanese Yen: 149,67 DOWN 1,551BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.4174 DOWN 0.0067 BASIS PTS CDN DOLLAR UP 67 BASIS PTS

West Texas intermediate oil: 72.53

Brent OIL:  76.49

USA 10 yr bond yield DOWN 4 BASIS pts to 4.499

USA 30 yr bond yield DOWN 2 BASIS PTS to 4.743%

USA 2 YR BOND: DOWN 1PTS AT  4.288

CDN 10 YR RATE 3.234 UP 6 BASIS PTS

CDN 5 YEAR RATE: 2.922 UP 5 BASIS PTS

USA dollar index: 106.29 DOWN 78 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 36.29 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  88,68 UP 0 AND  95/100 roubles

GOLD  2936,00(3:30 PM)

SILVER: 32.85 :30 PM)

DOW JONES INDUSTRIAL AVERAGE: DOWN 450.69 TS OR 1.01%

NASDAQ 100 DOWN 105.73 PTS OR 0.48%

VOLATILITY INDEX: 15.55 UP .31 PTS OR 2.03%

GLD: $ 270.88OR UP 0.04 PTS OR 0.01%

SLV/ $29.95 PTS OR UP 0.14 OR 0.47%

TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 112.03R 0.437%

end

TRADING today ZEROHEDGE/

end

ZEROHEDGE/HEADLINE CLOSING MARKETS

Dollar & Stocks Dumped, Bitcoin Pumped, Gold Stumped As LEI Hits 9-Year-Lows

USA DATA

USA ECONOMIC NEWS

Trump’s Goal Is To ‘Abolish The IRS’ As Layoffs Loom: Lutnick

Thursday, Feb 20, 2025 – 11:45 AM

Commerce Secretary Howard Lutnick said on Wednesday that President Trump’s goal is to abolish the Internal Revenue Service (IRS).

“Think about it, Donald Trump announces the External Revenue Service, and his goal is very simple (…) his goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Lutnick told Fox News host Jesse Watters.

Trump has said that the External Revenue Service will force foreign trade partners to “finally pay their fair share,” and has previously floated the idea of abolishing federal income taxes as part of his plans for “tariffing and taxing foreign nations to enrich our citizens.”

Lutnick also said that Elon Musk and DOGE were “going to cut” $1 trillion, “and then we’re going to get rid of all these tax scams that hammer against America, and we’re going to raise a trillion dollars of revenue.“

The IRS is responsible for collecting the federal taxes from individuals and corporations – taking in some $823 billion in individual taxes in 2024, roughly 52% of total revenue, according to the Treasury Department.

Lutnick’s remarks come as the IRS is reportedly looking to lay off thousands of workers. According to the Associated Press, the agency will start by letting go roughly 7,000 probationary workers in Washington and around the country. Those with roughly one year or less of service at the agency – largely in compliance departments – will be affected, according to the report.

The layoffs are part of the Trump administration’s intensified efforts to shrink the size of the federal workforce through the Department of Government Efficiency by ordering agencies to lay off nearly all probationary employees who have not yet gained civil service protection. They come despite IRS employees involved in the 2025 tax season being told earlier this month that they would not be allowed to accept a buyout offer from the Trump administration until mid-May, after the taxpayer filing deadline.

It’s unclear how the layoffs may affect tax collection services this year. As the nation’s revenue collector, the IRS was tasked during the Biden administration with targeting high-wealth tax evaders for an additional stream of income to the U.S., which is $36 trillion in debt. By the end of 2024, the IRS collected over $1.3 billion in back taxes from rich tax dodgers. -AP

On Wednesday, the NY Times reported that the IRS would begin laying off roughly 6,000 employees on Thursday, and will target ‘relatively recent hires which the Biden administration had attempted to revitalize with a surge of funding and new staff.’ According to that report, IRS managers on Wednesday began asking their employees to bring their government-issued equipment to the office.

“Under an executive order, I.R.S. has been directed to terminate probationary employees who were not deemed critical to filing season,” one email reads. “We don’t have many details that we are permitted to share, but this is all tied to compliance with the executive order.”

According to former IRS official Dave Kautter, “There’s a flood of résumés from people at the I.R.S. looking for jobs throughout the tax community,” adding “Law firms are getting a fair number of résumés, accounting firms are getting a fair number of résumés.”

The IRS employs roughly 90,000 people across the country.

*  *  *

Our most popular supplement Astaxanthin – the ultimate antioxidant, is back in stock at ZH Store! Grab some today.

END

Senate Confirms Kash Patel To Lead FBI

Thursday, Feb 20, 2025 – 02:24 PM

The Senate on Thursday confirmed Kash Patel to lead the FBI.

Patel had widespread support of Republicans – even Mitch McConnell (!), who argued that the Trump nominee would reform the nation’s top law enforcement agency after decades of corruption.

“Mr. Patel should be our next FBI director because the FBI has been infected by political bias and weaponized against the American people. Mr. Patel knows it, Mr. Patel exposed it, and Mr. Patel has been targeted for it,” Senate Judiciary Chairman Chuck Grassley (R-IA) said last week during a committee meeting to discuss Patel’s nomination, before the panel advanced Patel in a party-line vote.

Democrats, meanwhile are positively spooked…

Meanwhile, Sen. Dick Durbin (D-IL) – who notably blocked the release of the Epstein client list that Patel has vowed to expose, held a press conference outside FBI headquarters on Thursday, slamming what he called Patel’s “bizarre political statements” spanning Jan. 6, to retribution – and accused Reepublicans of “willfully ignoring red flags on Mr. Patel,” who he argued has “neither the experience, the judgment or the temperament” to be FBI chief for the next decade.

“Mr. Patel will be a political and national security disaster,” said Durbin.

Patel, a vocal critic of the FBI, has worked in several roles during the first Trump administration, including acting deputy director of national intelligence. In prior comments, Patel said he wanted to clean out the bureau’s headquarters in Washington DC as part of a mission to dismantle the Deep State.

*  *  *

You can support ZeroHedge by picking up a waxed canvas hat!

END

US Treasury’s Bessent Says Russia Could Win Sanctions Relief If Cooperative In Peace Talks

Thursday, Feb 20, 2025 – 03:00 PM

Update(15:00ET): The Trump administration has signaled that Russia could win sanctions relief if Ukraine war talks are successful.

“Russia could win some relief from U.S. sanctions based on its willingness to negotiate an end to its war in Ukraine,” US Treasury Secretary Scott Bessent conveyed Thursday in a Bloomberg interview. Per the breaking report:

Asked whether the U.S. was prepared to increase sanctions on Russia or reduce them depending on how talks to end the Ukraine war go, Bessent said: “That’d be a very good characterization.”

The US Treasury chief then emphasized, “The president is committed to ending this conflict very quickly.”

Trump’s stance on Ukraine has been met with growing beltway resistance, including from notable Republicans, amid a growing war of words with Zelensky, labeled a ‘dictator’ who doesn’t want to hold elections in a Wednesday Truth Social post by Trump.

The Ukrainian administration understands itself to be increasingly isolated by Washington, now near the eve of the war reaching the exact three-year mark, and there are reports that Zelensky is being told by his advisors to not respond to Trump’s provocative words. Trump is telling Zelensky he needs to hold elections.

Any sanctions relief on Moscow would mark a huge shift in the conflict, and Europe would ultimately have no choice but to conform, despite the continuing hawkish statements issued from Brussels. Statements from Rubio also reflected this Trump stance days ago…

Russian markets have responded this week, with the Ruble hitting a six-month high:

Russia’s ruble surged to its strongest level against the U.S. dollar in more than six months on Thursday, buoyed by renewed U.S.-Russia ties and hopes in Moscow for sanctions relief. The ruble has gained about 14% since U.S. President Donald Trump returned to the White House in January, reversing losses from late 2024.

On Thursday, Russia’s Central Bank set the official exchange rate at 88.5 rubles against the U.S. dollar, its highest level since August. While Russia does not have a fixed exchange rate, the Central Bank’s figure reflects market trends. The rebound follows a steep drop in the ruble last year when the outgoing Biden administration imposed its toughest sanctions on Russia’’ oil sector since the start of the war”.

Trump has held out the threat of more sanctions, but this new statement from Bessent signals where the US administration’s priorities are headed.

* * *

Retired US Lt. Gen. Keith Kellogg, Trump’s special envoy to Ukraine and Russia, is in Kiev where on Thursday he had an (apparently) brief meeting with Ukrainian President Volodymyr Zelensky.

A scheduled post-meeting news conference has been unexpectedly canceled, though no reason was immediately forthcoming, according to a Ukrainian official, presidential spokesman Serhii Nikiforov. The US side made no comment upon the presser’s cancelation.

The Associated Press observes, “When the meeting began, photographers and video journalists were allowed into a room where the two men shook hands before sitting across from each other at a table at the presidential office in Kyiv.”

What’s the latest in the growing feud that let up to this?

President Trump on Wednesday night continued bashing Ukraine’s Zelensky, this time describing that his officials treated Treasury Secretary Scott Bessent “rudely” during his visit to Kiev last week.

Trump further said that Zelensky chose to sleep instead of meeting with the high-ranking American official to discuss the White House proposed mineral rights deal. “Zelensky was sleeping and unavailable to meet him,” Trump told reporters aboard Air Force One.

Trump exposes Zelensky’s disgusting treatment of Treasury Sec Bessent, who says may scrap Russia sanctions pic.twitter.com/otuHppZFrn— RT (@RT_com) February 20, 2025

The Treasury Secretary had “traveled many hours on the train, which is a dangerous trip,” Trump added, characterizing the whole visit as futile given the Ukrainians “told him ‘no'” on the deal for America to acquire 50% of the country’s rare earth minerals.

Trump’s anti-Zelensky rhetoric, which included him calling him a “dictator” yesterday, has grown to the point that many pundits see that the Ukrainian president’s exit is nigh. Trump is pressuring Kiev for new elections, which would require parliament to change the constitution.

Vice President J.D. Vance also warned Wednesday that Zelensky will only bring harm on himself should be continue ‘badmouthing’ President Trump. This was in reference to Zelensky asserting that Trump is living in a Russian “disinformation space”. 

Vance’s warnings were conveyed in an interview published in the Daily Mail:

“The idea that Zelensky is going to change the president’s mind by badmouthing him in public media, everyone who knows the president will tell you that is an atrocious way to deal with this administration,” Vance said. 

“We obviously love the Ukrainian people,” but “we obviously think that this war needs to come to a rapid close,” he added. 

And Vance followed with a reminder: “That is the policy of the president of the United States. It is not based on Russian disinformation.”

Elon Musk has defended the Trump admin’s fierce critique of Zelensky. For example, Musk had tweeted out the following list by prominent pro-Trump account @DC_Draino: 

Want to know why Trump called Zelensky a Dictator? Here are the FACTS:

• He’s in year 6 of his 5 year term
• Declared martial law Feb 2022 and has banned elections since then
• Banned 11 political parties
• Passed law in 2022 to censor journalists and combined all news into one gov’t station
• Journalists investigating his corruption get conscripted and thrown on the front lines to die

The list ended with the observation that “Even Saddam Hussein held elections!” We should add to this list the ongoing persecution of the Ukrainian Orthodox Church by the Zelensky government, merely because it maintains spiritual communion with the Moscow Patriarchate.

At this point, many pundits believe it’s only a matter of time before there’s a change in Ukraine’s government. European leaders are of course rallying around Zelensky, but the pressure and power of Washington is a different matter, and in essence Trump is warning that if the Zelensky doesn’t achieve peace, there will be drastic changes in Kiev.

*  *  *

Our most popular supplement Astaxanthin – the ultimate antioxidant, is back in stock at ZH Store! Grab some today.

B USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and  PERVASIVE ANTISEMITISM/WOKISM

iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

END

FREIGHT ISSUES/USA/

END

VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

VDH

KING REPORT

SWAMP STORIES

GREG HUNTER INTERVIEWING STEVE QUAYLE

Uncovering Massive Fraud & Treason Leads to Upheaval – Steve Quayle

By Greg Hunter On February 20, 2025 In Political AnalysisNo Comments

By Greg Hunter’s USAWatchdog.com 

Renowned radio host, filmmaker, book author and archeological dig expert Steve Quayle continues to warn about tough times coming to America.  DOGE (Department of Government Efficiency) is going to uncover massive fraud and treason in America.  How much fraud does Quayle say they will find?  Quayle says, “They are going to come close to $20 trillion to $25 trillion that’s what they can find immediately. . . . This is just the beginning.  I think it will go to $36 trillion. . . . It’s going to $36 trillion, and it’s going to freak out everybody. You are seeing all the crybabies and the woke folk already complaining. . . .  Maxine Waters is on record as saying, ‘We don’t know what all they have on us.’  That is a pretty powerful statement. . . . There are a lot of people flipping out over the IRS audits.  The reason these people are flipping out is that some of them have become millionaires on $250,000 a year salary.  AOC and others are panicked because they can’t account for how they made this money.  It is interesting how many Demo-rats and Republican zombies are absolutely terrified. . . . Those on the left and some on the right are going to lose their minds.  Can you imagine getting a jeopardy assessment, and you only claimed $1 million and you made $5 million?”

Quayle says the crime and theft of taxpayer dollars is the worst in history.  Quayle says, “The theft on this level and stealing of taxpayers’ funds are off the chart.  All of the pirates in history . . . nobody can match the level of theft that has happened. . . . This is premeditated fraud . . . . I think this is going to be the biggest upheaval in history. . . .This will absolutely shake the foundation of the nation.  This is why the weasels are complaining about Elon Musk.”

Quayle predicts, “Civil war, civil war, civil war, they want it.  Every communist takeover and takedown of nations, they need armed revolution.”

Another problem is the drug cartels that the US State Department recently declared terrorist organizations.  Look for US military conflict coming on the southern border.  Quayle, who has excellent military sources, says, “The cartels are more well-armed than we even know. . . . We don’t even have enough ammo for our aircraft carriers to have full missile tubes.  We gave them to Zelensky (Ukraine).  I believe that there were deals made in the background, that will come out, that will show our highest officers, starting with the President (Biden) and on down, were traitors. . . . We are going into an armed conflict with the cartels.  The US military has been stripped of its offensive weaponry and defensive weaponry. . . . Biden did his best to destroy the country no matter who the puppet masters were.  It’s important that people get a handle on this. . . . We were sold out.”

Quayle says, “Expect the US to be at war with the Mexican drug cartels in 2025.”

Quayle also likes gold and said, “It can easily go to $10,000 per ounce, and it might go to $100,000 per ounce.”

Quayle points out that there are 150 paper contracts for every ounce of physical gold.  When the supply far exceeds demand, Quayle says, “Look for a lot of people with paper gold to end up with nothing.”  Quayle hates digital currency and says it is the fastest way to lose our freedom.

In closing, Quayle says people can get prepared by storing food, water and above all, get right with Jesus and pray often for Him to intercede against evil.

Join Greg Hunter of USAWatchdog.com as he goes one-on-one with Steve Quayle, who talks about how exposing massive fraud and treason will lead to upheaval coming to America for 2.19.25.

After the Interview:

There is an 8-minute video to explain how easy it is to ride out any terror attack or extreme storm. You can get more information at Sat123.com or BeReady123.com.