GOLD CLOSED DOWN $12.00 TO $2906.65
SILVER CLOSED DOWN $0.40 CENTS TO $32.35
GOLD ACCESS CLOSED 2909.70
Silver ACCESS CLOSED: $32.50
Bitcoin morning price:$89,043 UP 73 DOLLARS.
Bitcoin: afternoon price: $87,457 DOWN 1519 DOLLARS
Platinum price closing DOWN $8.60 TO $962.50
Palladium price; UP $0.40 TO $949.80
END
*CANADIAN GOLD: $4182.00 UP 22.38 CDN dollars per oz( * NEW ALL TIME HIGH 4208.15CDN DOLLARS PER OZ//FEB 24 2025)
*BRITISH GOLD: 2250.91 DOWN 7.91 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,339.25 BRITISH POUNDS/OZ) FEB 10/2025
*EURO GOLD: 2,682.22 DOWN 15.64 Euros per oz //* (ALL TIME CLOSING HIGH: 2,819,78UROS PER OZ/FEB 24 //2025)
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END
EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: MARCH 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,916.600000000 USD
INTENT DATE: 03/06/2025 DELIVERY DATE: 03/10/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 3
118 C MACQUARIE FUT 443
118 H MACQUARIE FUT 75
132 C SG AMERICAS 1
323 C HSBC 35
363 C WELLS FARGO SEC 69
363 H WELLS FARGO SEC 147
624 H BOFA SECURITIES 152
657 C MORGAN STANLEY 6
661 C JP MORGAN 89
686 C STONEX FINANCIA 72 76
690 C ABN AMRO 12 5
737 C ADVANTAGE 8
905 C ADM 15
TOTAL: 604 604
JPMORGAN STOPS 89/604 CONTRACTS
GOLD: NUMBER OF NOTICES FILED FOR MARCH/2024. CONTRACT: 604 NOTICES FOR 60,400 OZ 1.8786 TONNES
total notices so far: 13,102 contracts for 1,310,200 Oz (40.752 tonnes)
FOR MARCH
XXXXXXXXXXXXXXXXXX
SILVER NOTICES: 479 NOTICE(S) FILED FOR 2.395 MILLION OZ/
total number of notices filed so far this month : 12,934 for 64.670 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD DOWN $12.00 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.72TONNES
INVENTORY RESTS AT 898.64 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $.40 CENTS AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.184 MILLION OZ OUT OF THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 434.317 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUGE SIZED 1382 CONTRACTS TO 151,548 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR SMALL GAIN OF $0,16 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A HUMONGOUS GAIN OF 1997 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR TINY GAIN IN PRICE//THURSDAY’S TRADING.. WE HAD SOME LIQUIDATION OF T.A.S. CONTRACTS ON THURSDAY COMEX TRADING / AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 4 WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY FAILED ON THURSDAY WITH SILVER’S GAIN IN PRICE. WE HAD A SOME T.A.S. LIQUIDATION THURSDAY CONSERVING THEIR ENERGY FOR TODAY. BUT THIS WAS COUPLED WITH ANOTHER STRONG T.A.S. ISSUANCE OF 480 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. THUS OUR RAID TODAY! WE HAVE A HUGE CONTANGO IN SILVER SPOT VS FRONT FEB OF AROUND 95 CENTS AND A LEASE RATE OF 6%. WE HAD A HUGE 1046 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR STRONG 480 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FRIDAY.S TRADING// ATTEMPTED RAID AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUMONGOUS 1997 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR TINY GAIN IN PRICE. WE HAD SOME TAS LIQUIDATION THROUGHOUT THURSDAY’S COMEX TRADING SESSION WHICH ACCOUNTS FOR SOME OF THE HUGE GAIN IN OI ON OUR TWO EXCHANGES.
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 AND NOW TODAY TRYING TO KEEP THE SILVER PRICE BELOW $32.50.
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON THURSDAY NIGHT/FRIDAY MORNING: A HUGE 480 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.16 AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A MONSTER GAIN IN OUR TWO EXCHANGES OF 1997 CONTRACTS WE HAD A SOME LIQUIDATION OF T.A.S. CONTRACTS TRYING TO CONTAIN SILVER’S PRICE RISE AND THAT ACCOUNTS OF LOTS OF OUR OPEN INTEREST RISE.
WE HAD A 615 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 78.753 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 0.720 MILLION OZ EXCHANGE FOR PHYSICAL TRANSFER TO LONDON
INITIAL STANDING FOR MARCH ADVANCES TO 74..635 MILLION OZ
WE HAD:
/ HUGE COMEX OI GAIN+// A STRONG SIZED EFP ISSUANCE/ VI) STRONG SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 480 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED 77 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS FEB. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAR
TOTAL CONTRACTS for 5 DAYS, total 2691 contracts: OR 13.455 MILLION OZ (538 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 13.455 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. 58.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE/FINAL
MARCH: 13.455 MILLION OZ///
XXXXXXXXXXXXXXXXXXXXXXXXXXXX
RESULT: WE HAD A HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1382 CONTRACTS WITH OUR GAIN IN PRICE OF 16 CENTS IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A 615 CONTRACT EFP ISSUANCE CONTRACTS: 615 ISSUED FOR MAY 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 MARCH OF 78.455 MILLION OZ ON FIRST DAY NOTICE, FOLLOWED BY TODAY’S 0.720 MILLION OZ EXCHANGE FOR PHYSICAL TRANSFER TO LONDON//NEW STANDING ADVANCES TO 74.635 MILLION OZ
WE HAVE 1). A HUMONGOUS SIZED GAIN OF 1997 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR SMALLISH GAIN IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG 480 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION SAVING THEIR ENERGY FOR TODAY (FRIDAY). HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON THURSDAY WITH OUR GAIN IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE THURSDAY NIGHT (480 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND MOST LIKELY TODAY.
WE HAD 479 NOTICE(S) FILED TODAY FOR 2.395 million OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 1255 OI CONTRACTS TO 493,608 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 4233 CONTRACTS//
WE HAD A FAIR SIZED INCREASE IN COMEX OI (1255 CONTRACTS) OCCURRED WITH OUR GAIN OF $2.10 IN PRICE THURSDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUMONGOUS INITIAL STANDING IN GOLD TONNAGE FOR MARCH AT 31.757 TONNES FOLLOWED BY TODAY’S HUGE 53,900 OZ QUEUE JUMP (1.677 TONNES)//NEW STANDING ADVANCES TO 41.399 TONNES
/NEW STANDING FOR MARCH; 41.399 TONNES
/ ALL OF THIS HAPPENED WITH OUR $2.10 GAIN IN PRICE WITH RESPECT TO THURSDAY’S COMEX ///. WE HAD A FAIR SIZED GAIN OF 2565 OI CONTRACTS (7.978 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK. THE HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE LAST WEEK, AND THROUGHOUT THE WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! THE RESULT: A MASSIVE AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE FRONT MARCH 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 1310 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 493,608
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2565 CONTRACTS WITH 1255 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1310 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2565 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUGE SIZED AND CRIMINAL 3227 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1310 CONTRACTS) ACCOMPANYING THE STRONG SIZED INCREASE IN COMEX OI OF 1255 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 2565 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 MARCH 31.757 TONNES FOLLOWED BY TODAY’S HUGE 1.677 TONNES QUEUE JUMP//NEW STANDING ADVANCES TO 41.399 TONNES
NEW STANDING FOR MARCH ADVANCES TO:
41.399 TONNES
//NEW STANDING MARCH: 41.399 TONNES
.
/ 3) SMALL T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE THURSDAY WITH NO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WE HAD 1) $2.10 PRICE GAIN AND WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A FAIR GAIN OF 2565 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED THURSDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL AND THUS OUR HUGE TONNAGE STANDING FOR GOLD IN MARCH
4) FAIR SIZED COMEX OPEN INTEREST INCREASE 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///STRONG T.A.S. ISSUANCE: 3227 T.A.S.CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2025 INCLUDING TODAY
MAR
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH :
TOTAL EFP CONTRACTS ISSUED: 9694 CONTRACTS OF 969,400 OZ OR 30.152 TONNES IN 5 TRADING DAY(S) AND THUS AVERAGING: 1,939 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 5 TRADING DAY(S) IN TONNES 30.152 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 30.152 DIVIDED BY 3550 x 100% TONNES = 0.849% 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
2024 AND 2025:
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: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 30.152 TONNES
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF FEB. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A HUMONGOUS SIZED 1382 CONTRACTS OI TO 151,548 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 615 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 615 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 615 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 1382 CONTRACTS AND ADD TO THE 615 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1997 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 9.60 MILLION OZ OCCURRED WITH OUR $0.16 GAIN IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS FRIDAY MORNING//THURSDAY NIGHT
SHANGHAI CLOSED DOWN 8.55 PTS OR 0.25%
//Hang Seng CLOSED DOWN 138.41 PTS OR 0.57%
// Nikkei CLOSED DOWN 138.41 OR 0.57%//Australia’s all ordinaries CLOSED DOWN 1.78%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2353 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2356/ Oil UP TO 67.23 dollars per barrel for WTI and BRENT DOWN TO 70.31 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
END
ASIA TRADING FRIDAY MORNING/THURSDAY NIGHT
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 1255 CONTRACTS TO 493,608 WITH OUR SMALL GAIN IN PRICE OF $2.10 WITH RESPECT TO THURSDAY’S TRADING/. WE LOST ZERO NET LONGS WITH THAT PRICE GAIN FOR GOLD. BUT AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1310 ).
THE CME ANNOUNCED WEDNESDAY NIGHT, ZERO EXCHANGE FOR RISK CONTRACTS FOR NIL OZ OR 0 TONNES.
IN FEBRUARY: WE HAD FIVE EXCHANGE FOR RISKS TOTALLING 18.4527 TONNES!. THE RECIPIENT OF THESE EXCHANGE FOR RISK CONTRACTS IS THE BANK OF ENGLAND WHO DESPERATELY WANT THEIR LEASED GOLD BACK. THUS WE HAVE TWO SEPARATE ENTITIES (CENTRAL BANKS) DEMANDING THEIR GOLD BACK:
- THE BANK OF ENGLAND
- THE FEDERAL RESERVE BANK OF NEW YORK
THE COUNTERPARTY TO THE BANK OF ENGLAND’S EXCHANGE FOR RISK ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED AND THUS THE BUYER, THE CENTRAL BANK OF ENGLAND, ASSUMES THE RISK OF THAT DELIVERY.
THUS IN TOTAL WE HAD A FAIR SIZED GAIN ON OUR TWO EXCHANGES OF 2565 CONTRACTS WITH OUR SMALL GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON THURSDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED RAID AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THE DAILY ATTACKS WITH THE CONTINUAL LIQUIDATION OF T.A.S. CONTRACTS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS. LONDON ANNOUNCED LATE (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 HUGE T.A.S. LIQUIDATION// THURSDAY // THEY ISSUED A HUGE 3227 CONTRACT ANNOUNCEMENT (THURSDAY NIGHT/FRIDAY MORNING). THE T.A.S. LIQUIDATION IS WHY WE ARE HAVING A LOWER COMEX OPEN INTEREST GAINS BUT THIS IS COUPLED WITH HUGE AMOUNTS OF GOLD STANDING FOR DELIVERY TO CONFUSE THE ISSUE!!!!! AND THIS WAS SURELY ON DISPLAY TODAY AS YOU WILL SEE.
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, , 203 , ,205 , 207 209 AND 211 212 AND TODAY 213 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 THESE PAST FEW WEEKS 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 NON ACTIVE DELIVERY MONTH OF MARCH .… 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 FAIR SIZED 1310 EFP CONTRACTS WERE ISSUED: : /APRIL 1310 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 1310 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 2565 CONTRACTS IN THAT 1310 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR GAIN OF 1255 COMEX CONTRACTS..AND THIS GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR SMALLLISH GAIN IN PRICE OF $2.10 FOR THURSDAY/ COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED ABOVE.
T.A.S. ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR THURSDAY NIGHT/FRIDAY MORNING WAS A FAIR SIZED SIZED 3227 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 4 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 ( FEB 25 THROUGH FEB 28) AS THE GOLD PRICE GOT HAMMERED A BIT WITH COMEX OPTIONS EXPIRY AND OTC LONDON OPTIONS EXPIRY.
THE RAIDS ON OPTIONS EXPIRY DOES TWO IMPORTANT THINGS FOR OUR CROOKS:
- STALLS THE ADVANCE IN PRICE
- LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
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 FEB 25, 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 JANUARY OPTIONS EXPIRY TRADING AND AGAIN WITH FEBRUARY OPTION EXPIRY MONTH. HALF WAY THROUGH THE JANUARY COMEX MONTH, THE CROOKS ISSUED FIVE CONSECUTIVE 30,000+ CONTRACT ISSUANCE OF T.A.S KNOWING THAT THEY WERE GOING TO INITIATE HUGE RAIDS ON OUR METALS.
STANDING FOR GOLD FOR THE PAST 4 PLUS YEARS:
// WE HAD A HUGE AMOUNT OF GOLD TONNAGE STANDING: MARCH (41.399 TONNES) WHICH IS HUGE FOR OUR NON ACTIVE MARCH DELIVERY MONTH / FEB HAD THE HIGHEST STANDING FOR GOLD EVER RECORDED FOR ANY MONTH.
YEAR 2025:
JAN 2025: 113.30 TONNES
FEB: 2025: 256.607 TONNES (WHICH INCLUDES 18.4567 TONNES OF EX FOR RISK)
AND NOW MARCH:
STANDING FOR GOLD : 41.399 TONNES WHICH IS EXTREMELY HIGH FOR A NON DELIVERY MONTH.
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:/NEW STANDING ADVANCES TO 238.153TONNES +18.4527
= 256.607 TONNES.
MARCH: 41.399 TONNES
COMEX GOLD TRADING/MARCH CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $2.10/)/AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION THURSDAY AS THEY WERE TRYING TO QUELL GOLD’S RISE AND STOP HUGE COMEX/OTC DERIVATIVE LOSSES FROM ALSO RISING. LAST TUESDAY ENDED COMEX OPTIONXS EXPIRY. HOWEVER AS I EXPLAINED ON LAST WEDNESDAY, WE HAD THE MUCH BIGGER OTC.LONDON.OTC EXPIRY.THE BANKERS WERE UNSUCCESSFUL IN SLOWING THEIR DERIVATIVE LOSSES IN PRECIOUS METAL BETS WITH OPTIONS EXPIRY FOR BOTH COMEX AND LONDON OTC!!
LAST NIGHT/THIS MORNING
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING/FRIDAY MORNING AND THUS OUR HUGE 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!
88 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 THROUGH THE MONTH. FOR FRIDAY FEB 28 ZERO EXCHANGE FOR RISK WAS ISSUED.
TOTAL INITIAL DELIVERIES MARCH GOLD TRADING
MARCH: 41.399 TONNES
WE HAVE GAINED A STRONG SIZED TOTAL OF 21.144 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR MARCH (31.753TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 53,900 OZ OR 1.677 TONNES: NEW TOTAL STANDING 39.309 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $2.10
WE HAD 4233 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL
NET GAIN ON THE TWO EXCHANGES 2565 CONTRACTS OR 256500 0Z (7.978 TONNES)
confirmed volume THURSDAY 189,924 contracts: fair///
//speculators have left the gold arena
END
MARCH
// THE MARCH 2025 GOLD CONTRACT
MARCH 7
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 0 entries nil . |
| Deposit to the Dealer Inventory in oz | 0 |
| Deposits to the Customer Inventory, in oz | 1 ENTRY i) INTO JPMORGAN 96,453..000 OZ (3000 KILOBARS) total weight: 96,453.000 oz 3 tonnes total weight deposit dealer and customer;; 3.00 tonnes |
| No of oz served (contracts) today | 604 notice(s) 60,400 OZ 1.8786 TONNES |
| No of oz to be served (notices) | 208 contracts 20800 OZ 0.6469 TONNES |
| Total monthly oz gold served (contracts) so far this month | 13,102 notices 1,310,200 oz 40.752 TONNES |
| Total accumulative withdrawals of gold from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of gold from the Customer inventory this month |
dealer deposits: 0
0 ENTRIES
xxxxxxxxxxxxxxxx
we have 1 customer deposits:
1 ENTRIES
i) INTO JPMORGAN 96,453..000 OZ (3000 KILOBARS)
total weight: 96,453.000 oz
3 tonnes
total weight deposit dealer and customer;; 3.00 tonnes
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: 0
0
xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
adjustments:1/comex is in chaos
a) customer to dealer Manfra: 16,010.471 oz
thus basically what comes into eligible is transferred to dealer accounts and then out.
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR MARCH
THE FRONT MONTH OF MARCH HAD A LOSS OF 679 CONTRACTS TO STAND AT 812. WE HAD 1351 CONTRACTS SERVED ON THURSDAY SO WE GAINED A HUGE 539 CONTRACTS FOR 53,900 OZ (1.677 TONNES AS A PHYSICAL GOLD QUEUE JUMP. THIS IS CENTRAL BANKS LOOKING FOR BADLY NEEDED GOLD.
APRIL HAD A LOSS OF 6316 CONTRACTS DOWNTO 329,381 CONTRACTS AS THIS MONTH BECOMES THE FRONT MONTH. APRIL IS QUITE LOFTY AND NO DOUBT WE WILL HAVE A HUMONGOUS AMOUNT OF GOLD STANDING
MAY GAINED 48 CONTRACTS UP TO 304.
We had 604 contracts filed for today representing 604,000oz
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 604 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 89 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for MARCH /2025. contract month, we take the total number of notices filed so far for the month (13,102 X 100 oz ) to which we add the difference between the open interest for the front month of MARCH.(812 CONTRACTS) minus the number of notices served upon today (604 x 100 oz per contract) equals 1,331,000 OZ OR 41.399 TONNES
thus the INITIAL standings for gold for the MARCH contract month: No of notices filed so far (13,102x 100 oz +we add the difference for front month of MARCH (812 OI} minus the number of notices served upon today (604 x 100 oz) which equals 1,331,000 OR 41.399 TONNES
TOTAL COMEX GOLD STANDING FOR MARCH.: 41.399 TONNES WHICH IS HUGE FOR THIS NON ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. FEBRUARY HAD THE HIGHEST DELIVERY FOR ANY MONTH AND MARCH IS FOLLOWING SUIT..
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: 2,085,544.431 oz 64.86 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 39,766,633.540 .oz
TOTAL REGISTERED GOLD 19,747,645.561 or 614.234 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 20,018,987.979 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 17,662,101oz (REG GOLD- PLEDGED GOLD)= 549.3655 tonnes //
END
SILVER/COMEX
// THE MARCH 2025 SILVER CONTRACT//INITIAL
MARCH 7
INITIAL
// THE MARCH 7 2025 SILVER CONTRACT//
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | one entry:: 2840.67 oz Brinks |
| Deposits to the Dealer Inventory | 1 entries i) Into Asahi: 393,731.05 oz total dealer; 393,731.05 oz |
| Deposits to the Customer Inventory | 3 entries 3 entries i) Into JPMorgan: 1831,571.900 oz ii) Into Loomis: 1,197,723.490 oz iii) Into Brinks 1,200,669.970 oz total weight: 4,229,965.360 oz |
| No of oz served today (contracts) | 479 CONTRACT(S) (2.395 MILLION OZ |
| No of oz to be served (notices) | 2328 contracts (11.640 MILLION oz) |
| Total monthly oz silver served (contracts) | 12,934 Contracts (64.670 million oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
i) 1 dealer deposit/
1 entries
i) Into Asahi: 393,731.05 oz
total dealer; 393,731.05 oz
total dealer withdrawals: 0 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
deposits customer side
3 entries
i) Into JPMorgan: 1831,571.900 oz
ii) Into Loomis: 1,197,723.490 oz
iii) Into Brinks 1,200,669.970 oz
total weight: 4,229,965.360 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals 1
1 entry
2840.67 oz Brinks
xxx
ADJUSTMENTs 2
i) Customer to dealer CNT 1,345,091.659.
ii) Dealer to customer: ASAHI 762,020.09 oz
JPMorgan has a total silver weight: 167.108million oz/424.898zmillion or 39.30%
TOTAL REGISTERED SILVER: 142.129 MILLION OZ//.TOTAL REG + ELIGIBLE. 424.898Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF MARCH /2025 OI: 2472 OPEN INTEREST CONTRACTS FOR A LOSS OF 310 CONTRACTS.WE HAD 454 CONTRACTS SERVED ON THURSDAY SO WE FINALLY GAINED 144 CONTRACTS OR 0.720 MILLION COMEX OZ STANDING UNDERWENT A QUEUE JUMP LOOKING FOR METAL OVER ON THIS SIDE OF THE POND/THIS ENDS OUR FOR THE FOUR DAYS IN ROW EFP TRANSFERS.
APRIL SAW ANOTHER GAIN OF 1 CONTRACTS TO STAND AT 1538
MAY SAW A GAIN OF 1024 CONTRACTS UP TO 117,329 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 479 or 2.390 MILLION oz
CONFIRMED volume; ON THURSDAY 56,332 small//
AND NOW MARCH DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in MARCH. we take the total number of notices filed for the month so far at 12,934 X5,000 oz = 64.620 MILLION oz
to which we add the difference between the open interest for the front month of MAR (2472) AND the number of notices served upon today (479 )x (5000 oz)
Thus the standings for silver for the MARCH 2025 contract month: 12,934 Notices served so far) x 5000 oz + OI for the front month of MAR(2472) minus number of notices served upon today (479)x 5000 oz equals silver standing for the MARCH contract month equating to 74.635 MILLION OZ.
New total standing: 74.635 million oz which is huge for this very active delivery month of March.
We must also keep in mind that there is considerable silver standing in London coming from our longs in New York that underwent EFP transfers.
There are 142.129million 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/
MARCH 7 WITH GOLD DOWN $12.00 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.72 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 898.64 TONNES
MARCH 6 WITH GOLD UP $2.10 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.44 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 900.30 TONNES
MARCH 5 WITH GOLD UP $6.75 TODAY HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.87 TONNES INTO THE GLD ///INVENTORY RESTS AT 901.80 TONNES
MARCH 4 WITH GOLD UP $19.05 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 3.45 TONNES INTO THE GLD ///INVENTORY RESTS AT 900.93 TONNES
MARCH 3 WITH GOLD UP $50.70 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 1.72 TONNES INTO THE GLD ///INVENTORY RESTS AT 904.38 TONNES
FEB 28 WITH GOLD DOWN $44.70 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 1.72 TONNES INTO THE GLD ///INVENTORY RESTS AT 904.38 TONNES
FEB 26 WITH GOLD DOWN $40,85 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE DEPOSIT OF 3.45 TONNES INTO THE GLD ///INVENTORY RESTS AT 907.83 TONNES
FEB 25 WITH GOLD DOWN $40,85 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE DEPOSIT OF 3.45 TONNES INTO THE GLD ///INVENTORY RESTS AT 907.83 TONNES
FEB 24 WITH GOLD UP 7,65 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE DEPOSIT OF 20.66 TONNES FROM THE GLD ///INVENTORY RESTS AT 904.38TONNES
FEB 21 WITH GOLD DOWN $1.35 TODAY HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 5.77ONNES FROM THE GLD ///INVENTORY RESTS AT 883.72TONNES
FEB 20 WITH GOLD DOWN $10.40 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: 898.64 TONNES, TONIGHTS TOTAL
SILVER
MARCH 7 WITH SILVER DOWN 40 CENTS/HUGL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.184 MILLION OZ OUT OF THE SLV. //INVENTORY AT SLV RESTS AT 434.317 MILLION
MARCH 6 WITH SILVER UP 16 CENTS//SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.455 MILLION OZ OUT OF THE SLV. //INVENTORY AT SLV RESTS AT 436.046 MILLION
MARCH 5 WITH SILVER UP 82 CENTS//SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.172 MILLION OZ OUT OF THE SLV. //INVENTORY AT SLV RESTS AT 436.501 MILLION OZ
MARCH 4 WITH SILVER UP 9 CENTS//SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.82 MILLION OZ INTO THE SLV. //INVENTORY AT SLV RESTS AT 436.673 MILLION OZ
MARCH 3 WITH SILVER UP $0.78//SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.819 MILLION OZ INTO THE SLV. //INVENTORY AT SLV RESTS AT 438.493 MILLION OZ
FEB 28 WITH SILVER DOWN 0.56//SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.819 MILLION OZ INTO THE SLV. //INVENTORY AT SLV RESTS AT 438.493 MILLION OZ
FEB 26 WITH SILVER DOWN $0.90//HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 6,245 MILLION OZ INTO THE SLV. //INVENTORY AT SLV RESTS AT 441.4061MILLION OZ
FEB 25 WITH SILVER DOWN $0.90//HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 6,245 MILLION OZ INTO THE SLV. //INVENTORY AT SLV RESTS AT 441.4061MILLION OZ
FEB 24WITH SILVER DOWN $0.15//NO CHANGES IN SILVER INVENTORY AT THE SLV. //INVENTORY AT SLV RESTS AT 435.171MILLION OZ
FEB 21WITH SILVER DOWN $0.40//HUGE CHANGES IN SILVER INVENTORY AT THE SLV : HUGE CHANGES AT THE SLV A WITHDRAWAL OF 0.456MILLION OZ/. //INVENTORY AT SLV RESTS AT 435,171MILLION OZ
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 434.317 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
2/ Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
Alasdair Macleod..
Global bond yields rising
EU defence spending plans are driving German, French, and Italian bond yields higher. Japan’s are soaring too. The dollar is sinking: what does it all mean for gold and silver?
| Alasdair MacleodMar 7∙Paid |
This week, the end-February decline in gold and silver prices appear to be over, with a recovery based on a firm undertone. In early European trading this morning, gold was $2,920, up $60 from last Friday’s close, and silver $32.60, up $1.50.
Despite the recent transfers of physical gold into New York, there still appears to be a bear squeeze in place. Look at how Comex Open Interest has declined in the last few months as gold has continued to rise (upper chart):
Silver appears to have been behaving more normally until last week, when Open Interest fell significantly and the price less so. It points to a firm undertone, reflected in silver’s outperformance relative to gold in the last four trading sessions.
These are dollar prices. But the dollar weakened considerably this week against the euro and the yen, reflected in the next chart of the USD TWI.
The TWI has crashed back below its moving averages, indicating that a strong dollar is over for now, which is obviously supportive for gold and silver. But behind the dollar’s sudden weakness is euro and yen strength on the back of sharply rising bond yields in the two currencies, illustrated in the following two charts of the German 10-year bund, and the 10-year JGB.
Japanese bond yields are still too low for the inflation outlook. More concerning is the German bund, which is the marker for all the other Eurozone bonds, pushing up financing costs particularly for France, Spain, and Italy which make up the bulk of Eurozone economic activity.
Under the excuse of unexpected defence spending, Germany is raising its debt limit and increasing defence spending by a further €500bn. Additionally, Brussels is allocating a further €800bn to defence, between them inflating the amount of euro debt funding significantly at a time when inflationary pressures haven’t gone away. And all this when the ECB decided to cut rates by a further 0.25% to leave its key deposit facility at 2.5%. It could turn out to be yet another ECB error, when a eurozone debt trap suggests that rates should rise, not decline.
The concern has to be that with bond yields rising in euros and yen, strains are being imposed on the global banking system. In the last two years, US regional banks have learned not to fund long maturities out of short-term deposits. It is not clear that this message has been fully absorbed in the highly leveraged Eurozone and Japanese banking systems.
Additionally, there is increasing evidence of stalling economies, with the Atlanta Fed’s GDPNow model estimating a sharp contraction in GDP. This is next:
Just when you might expect US industry to have increasing confidence due to Trump’s trade protectionism, it is collapsing. Should this continue, all DOGE’s efforts to reduce the budget deficit will be overwhelmed by lower tax revenue and higher welfare costs. Worse still, a contracting GDP combined with rising government debt is the classic definition of an intensifying debt trap.
Putting all the evidence together, of rising government deficits in the US, Eurozone, and Japan at a time of declining private sector activity, markets are likely to wake up to rapidly increasing credit risk at the currency level. No wonder precious metals appear to be headed higher — possibly much higher — reflecting not so much an increase in their values, but currency debasement.
end
3 CHRIS POWELL AND GATA DISPATCHES
Chris Powell…
4 ANDREW MAGUIRE/LIVE FROM THE VAULT NO 213//ANDREW MAGUIRE
Kinesis.money/live-from-the-vault/trump-expose-feds-gold-coverup/
Episode 212
Posted 28th February 2025
5B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: COMMODITY//EGGS
6 CRYPTOCURRENCY NEWS
The reserve is only funded by bitcoin seized during criminal raids
(zerohedge)
Bitcoin Slides After Trump Signs Strategic Reserve Executive Order
Thursday, Mar 06, 2025 – 07:46 PM
After hinting at it to start the week, President Trump just signed an executive order on Thursday creating a Strategic Bitcoin Reserve, marking a major shift in U.S. digital asset policy.
But many crypto enthusiasts are a little disappointed (and price action is reflecting that currently), as instead of acquiring crypto assets, White House Crypto and AI Czar David Sacks, a Silicon Valley venture capitalist, wrote in a post on X that the reserve will be funded exclusively with bitcoin seized in criminal and civil forfeiture cases, ensuring that taxpayers bear no financial burden…
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.
This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value.
The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value.
Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”
I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.
Bitcoin is down around $3,000 on the news, holding above the levels seen before President Trump’s posts on Sunday…
Steven Lubka, head of private clients and family offices at bitcoin-focused financial service firm Swan Bitcoin, said while having a stockpile could be a good first step, he eventually hopes to see a crypto reserve where the U.S. government would buy and accumulate bitcoin.
“They can hold onto seized assets and create a stockpile, but a stockpile is different from a strategic reserve, which would presumably involve purchasing assets and actively going into the markets to acquire or trade them,” Ian Katz, analyst at policy research firm Capital Alpha Partners, told MarketWatch.
“The consensus on Capitol Hill is that it would require an act of Congress, and is unlikely to happen,” Katz said.
A crypto stockpile is likely already priced in, Lubka said.
“The stockpile is good mostly on a signaling and a narrative basis, rather than [it being] really about the sales,” Lubka said.
On the bright side, this order removes the constant overhang FUD that the US government will dump its holdings on the market at an inconvenient time, though “it would be good to have a congressional mandate over time to make the crypto stockpile or reserve protected from the next administration,” Seth Ginns, head of liquid investments at crypto investment firm CoinFund told MarketWatch in a phone interview.
Whether the U.S. government holds or trades crypto, “that doesn’t really matter, because it’s more like a feather in the cap of legitimacy and use-case for this asset,” Sue Ennis, head of investor relations at crypto-mining company Hut 8.
END
ASIA TRADING FRIDAY MORNING THURSDAY NIGHT
SHANGHAI CLOSED DOWN 8.55 PTS OR 0.25%
//Hang Seng CLOSED DOWN 138.41 PTS OR 0.57%
// Nikkei CLOSED DOWN 138.41 OR 0.57%//Australia’s all ordinaries CLOSED DOWN 1.78%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2353 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2356/ Oil UP TO 67.23 dollars per barrel for WTI and BRENT DOWN TO 70.31 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
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1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.2353
OFFSHORE YUAN: DOWN TO 7.2356
SHANGHAI CLOSED CLOSED DOWN 8.55 PTS OR 0.25%
HANG SENG CLOSED CLOSED DOWN 138.41 PTS OR 0.57%
2. Nikkei closed DOWN 138.41 OR 0.57%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX DOWN TO 103.78// EURO RISES TO 1.0845 UP 58 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: FALLS TO. +1.497//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.76…… 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 BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.7955/Italian 10 Yr bond yield DOWN to 3.863 SPAIN 10 YR BOND YIELD DOWN TO 3.448
3i Greek 10 year bond yield DOWN TO 3.620
3j Gold at $2920.95 Silver at: 32.45 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 1 AND 9 /100 roubles/dollar; ROUBLE AT 89.21
3m oil into the 67 dollar handle for WTI and 70 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 147.76 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.497 % 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 0.8797 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9539 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.
USA 10 YR BOND YIELD: 4.255 DOWN 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.560 DOWN 2 BASIS PTS/
USA 2 YR BOND YIELD: 3.948 DOWN 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 36.44…
10 YR UK BOND YIELD: 4.7275 UP 5 PTS
10 YR CANADA BOND YIELD: 3.058 DOWN 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.714 DOWN 2 PTS.
2a New York OPENING REPORT
2b European opening report
US equity futures trade modestly higher whilst the Dollar slips ahead of US NFP – Newsquawk US Market Open
Friday, Mar 07, 2025 – 06:16 AM
- European indices lower whilst US futures are modestly higher ahead of US NFP.
- USD misery continues as DXY dips to 103.60 as EUR’s rally extends into Friday’s trade.
- Bunds bounce off worst but remain over 300 ticks lower WTD, USTs await Payrolls & Powell.
- Crude firmer with gas inflating on damaged Ukrainian infrastructure.
- Looking ahead, US NFP, Canadian Jobs, White House Crypto Summit, Speakers including Fed’s Powell, Bostic, Bowman, Williams, Kugler & ECB’s Kazaks, Centeno.
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TARIFFS/TRADE
- US President Trump posted on Truth “After speaking with President Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd”. It was later reported that Trump signed the amendment to Mexico and Canada tariffs to make USMCA-compliant products exempt from levies until April 2nd.
- US President Trump said most tariffs are to start April 2nd and predominant tariffs will be reciprocal, while he said steel and aluminium tariffs will not be modified. Trump cited a little short-term interruption on tariffs and said tariffs are something the US has to do. Trump said he is not even looking at the market and noted the long-term economy is very strong. Furthermore, Trump said there is no USMCA exemption for auto tariffs next month, according to Reuters.
- White House said President Trump’s exemption on 25% tariffs on most goods from Canada and Mexico is not retroactive, while officials noted that some automakers think they will need to pay 25% tariffs on three days of imports.
- Canada’s Finance Minister said Canada will delay the second wave of tariffs on CAD 125bln of US products until April 2nd.
- US Commerce Secretary Lutnick informed Brazilian Vice President Alckmin in a call that the US could postpone tariffs on Brazilian goods, while Alckmin believes Brazil and the US could reach a good understanding on tariffs policy through dialogue and noted the sides agreed to hold further bilateral talks in the coming days.
- US is to impose fees on any vessel entering US ports that are part of a fleet which includes vessels built or flagged in China and the US is to engage allies to impose similar measures or risk US retaliation, according to draft order.
- Chinese Foreign Minister Wang said the abuse of fentanyl is an issue that the US has to solve and noted regarding US-China relations that if one side exerts pressure, China will resolutely counter that. Furthermore, Wang Yi said China’s economy grew 5% last year despite the pressure of unilateral US sanctions.
- UK Business Secretary Jonathan Reynolds vowed to ‘stand up’ for British steel as US tariffs loom, according to FT.
EUROPEAN TRADE
EQUITIES
- European bourses (STOXX 600 -0.8%) began the session entirely in the red, and continued to trundle lower in early morning trade; price action has been relatively choppy, with focus now on US NFP.
- European sectors hold a strong negative bias. Telecoms is leading today, albeit modestly so; newsflow for the industry has been light aside from EU Defence Commissioner Kubilius saying it is possible to replace Starlink in Ukraine quickly. Consumer Products is the clear underperformer today, with particular weakness in the Luxury after Chinese trade data and Ferragamo results.
- US equity futures are modestly firmer footing; the lift in sentiment today could be attributed to the strong Broadcom results; Co. shares are up 12% in pre-market trade after reporting strong AI-demand in Q1, where profits and sales topped expectations. The highlight of the day is the US jobs report for February, where the pace of payroll additions is seen at 160k (vs 143k in January), the jobless rate is seen unchanged at 4.0%, while average earnings are seen unchanged at 41% Y/Y.
- Tesla (TSLA) added to “best ideas list” at Wedbush.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- USD’s miserable run for the week has extended into Friday trade. DXY started the week off around the 107.56 mark but has since ripped through its 200DMA to the downside at 104.99 and printed a YTD trough at 103.56. Ahead, US NFP and of course any updates from President Trump regarding trade.
- This week’s monster rally in the EUR has continued into today’s session with the pair printing a fresh YTD Peak at 1.0871. Upside this week has stemmed from the recent spending pledges coming out of Germany, a hawkish tweak to ECB guidance and an ongoing slew of soft data releases out of the US. On the ECB, source reporting in the aftermath of the decision noted that some officials see an increasing chance of a rate in April with 2.5% unlikely to be the terminal rate. Others on the GC see a growing chance of a pause in their easing cycle at their next meeting before rates come down again. Attention is now on a test of 1.09; not breached since 6th Nov.
- Overnight, USD/JPY traded on both sides of the 148.00 level before ultimately moving lower alongside the risk-off mood in APAC. In terms of domestic newsflow, source reporting via Bloomberg noted that the BoJ is reportedly leaning towards holding the key rate at the March meeting as it wishes to monitor the January hike and impact of US policies. Furthermore, it sees recent wage developments as being within expectations. The downside in USD/JPY has led to another YTD trough for the pair at 147.20.
- GBP is on the front foot vs. the USD once again and has printed another YTD peak at 1.2925. As has been the case throughout the week, fresh macro drivers for the UK have been lacking and therefore it is the USD leg of the equation that has been the primary driver for Cable. The pair has soared from the 1.2577 opening price on Monday, clearing its 200DMA at 1.2785 and made its way onto a 1.29 handle.
- Antipodeans are both bucking the trend of other majors and are on the backfoot vs. the USD. Price action takes place in the context of the risk-off mood in APAC trade and as participants digested the latest trade figures from Australia and New Zealand’s largest trading partner, China which showed a surprise contraction in imports and a miss on exports.
- CAD is flat vs. the USD following a heavy day of tariff-related newsflow yesterday. To recap, Trump signed an amendment to Mexico and Canada tariffs to make USMCA-compliant products exempt from levies until April 2nd. However, there will be no USMCA exemption for auto tariffs next month, steel and aluminium tariffs will not be modified and April 2nd reciprocal tariffs will still go ahead. On net, the announcements have provided some reprieve for CAD. Ahead, the region’s own jobs data.
- PBoC set USD/CNY mid-point at 7.1705 vs exp. 7.2406 (prev. 7.1692).
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- Bunds are firmer in a modest bounce from recent significant pressure. At best, Bunds have been to a 128.18 peak with gains of 116 ticks at best. A move which is likely a modest paring of recent extensive downside and also a function of the downbeat European equity risk tone. Bunds in the morning got hit by a very soft Industrial Output report for January which printed outside of the forecast range and sparked immediate pressure of around 30 ticks in Bunds to the eventual 127.54 trough. A move which was potentially spurred by the soft Industrial data justifying the fiscal measures outlined by incoming Chancellor Merz earlier in the week.
- USTs are firmer but in a narrower 110-25 to 111-03 band. Benchmarks benefitting from the uptick in Bunds as discussed above, more sources pointing to the BoJ potentially remaining on hold in March (pricing has a 96% chance of no move implied) and mainly waiting for Payrolls & Powell. That aside, following the concessions on tariffs by Trump on Thursday we are keenly awaiting any fresh updates to this for/from Canada and Mexico in addition to and perhaps more pertinently anything relating to China.
- Gilts find themselves following suit with broader price action but caught between USTs and Bunds in terms of magnitudes. Currently back below the 92.00 mark but has been above the figure in a 91.73-92.13 band. Specifics for the region light with the initial bias a bullish one on account of the above and indeed Gilts opened higher by around 33 ticks.
- Click for a detailed summary
COMMODITIES
- Crude is on a firmer footing and currently trade just off session highs, with both WTI currently higher by circa USD 0.98/bbl thus far; support today lacks a clear driver, but with upside coinciding with strength at the European cash open. Brent’May currently trading at the top end of USD 69.30-70.50/bbl range. Russian Deputy PM Novak said OPEC+ is to raise oil output from April, but might reverse that decision afterwards if there are imbalances in the market. This sparked little move in the complex.
- Natgas prices began the morning softer, but jumped on news that a Russian attack “significantly” damaged Ukraine’s gas production facilities; which caused operations to cease. Dutch TTF currently higher by around 4%.
- Spot gold traded sideways overnight, but picked up a touch in European trade, fuelled by the weaker dollar, and ahead of the US NFP report. The yellow metal is firmer by 0.3%, above the USD 2900/oz mark, and within a USD 2,896.83-2,923.06/oz range on the session.
- Copper futures are subdued amid the mostly negative risk tone, with its biggest buyer, China, printing weaker-than-expected trade data.
- Russia Deputy PM Novak says OPEC+ is to raise oil output from April, but might reverse that decision afterwards if there are imbalances in the market. OPEC+ decision to raise output due to seasonal rise in demand. Oil flows via CPC are at reduced volumes after recent drone attacks, pumping will depend on production level. Russia’s oil output is well below OPEC+ quota in February, will be taken into account within the deal. Russia aims to fully comply with OPEC+ deal. Says parties subject to the deal will analyse possibility to speed up compensation for previous overproduction.
- Qatar set April Marine Crude OSP at Oman/Dubai plus USD 2.10/bbl April Land Crude OSP at Oman/Dubai plus USD 1.85/bbl.
- Saudi Arabia has set the April Arab light crude oil OSP at Asia at plus USD 3.50bbl vs. Oman/Dubai average, according to documentation cited by Reuters
- UBS sees price level of USD 1000/oz for Palladium in 2025; expects a deficit of around 300k/oz, or 3% demand in 2025; expects it to remain a laggard in the precious metals space.
- China Feb Foreign reserves USD 3.227tln (exp. USD 3.229tln); gold reserves USD 208.6bln (prev. USD 296.5bln).
- Ukraine’s Energy firm DTEK says Russian attack significantly damaged its gas production facilities in Ukraine’s Poltava region; these facilities have ceased operations after the attack.
- Kazakhstan ships 100k T of oil to Germany via Druzhba pipeline in Feb, according to IFAX citing Kaztransoil.
- Kazakhstan Energy Minister says their oil output is above OPEC+ quotas; has tasked oil majors to cut oil production. Intend to optimise oil output in March. To cut oil export via the CPC. Consultations will be held next week in the US with the CEOs of major shareholders in big oil projects in Kazakhstan. Told major oilfield shareholders, ExxonMobil (XOM), Shell (SHEL LN), TotalEnergies (TTE FP) to cut March volumes, was received well.
- UBS sees price level of USD 1000/oz for Palladium in 2025; expects a deficit of around 300k/oz, or 3% demand in 2025; expects it to remain a laggard in the precious metals space.
- Saudi Arabia has set the April Arab light crude oil OSP at Asia at plus USD 3.50bbl vs. Oman/Dubai average, according to documentation cited by Reuters.
- Bank of America reiterates its unchanged USD 60-80/bbl medium-term forecast range for Brent.
- Click for a detailed summary
NOTABLE DATA RECAP
- German Industrial Orders MM (Jan) -7.0% vs. Exp. -2.8% (Prev. 6.9%)
- French Trade Balance, EUR, SA (Jan) -6.54B (Prev. -3.905B, Rev. -3.48B)
- UK Halifax House Prices YY (Feb) 2.90% vs. Exp. 3.10% (Prev. 3.00%); MM (Feb) -0.1% vs. Exp. 0.3% (Prev. 0.7%)
- EU Employment Final YY (Q4) 0.7% vs. Exp. 0.6% (Prev. 0.6%); GDP Revised YY (Q4) 1.2% vs. Exp. 0.9% (Prev. 0.9%); GDP Revised QQ (Q4) 0.2% vs. Exp. 0.1% (Prev. 0.1%); Employment Final QQ (Q4) 0.1% vs. Exp. 0.1% (Prev. 0.1%)
NOTABLE EUROPEAN HEADLINES
- EU is to explore long-term reform of fiscal rules for defence, while it was separately reported that Spanish PM Sanchez said Spain to bring forward the timeline to reach 2% of GDP defence spending.
- ECB’s Villeroy says we are winning the battle with inflation; ECB must be ready to act and react.
- ECB’s Muller says euro-area inflation is nearing the ECB’s 2% target, via Bloomberg. Too early to assess the potential impact of US tariffs. Trade restrictions would dampen growth and increase prices. Emphasizes increased caution regarding future rate cuts.
- UK Chancellor Reeves met with primary dealer firms in the Gilt market on 6th March; reiterated a commitment to fiscal rules and that growth is the number one priority for the government.
NOTABLE US HEADLINES
- US President Trump sent a letter to Iran urging negotiations, via Fox Business; notes he paused tariffs to help Mexico and Canada; tariffs could go up as time goes by.
- Fed’s Bostic (2027 voter) said the economy is in incredible flux and hard to know where things will land, while he added that if they wait for trends to show up in national economic data before acting, they could be too late. Bostic also said he would be surprised if they get a lot of clarity on the impact of policies before late spring into summer and noted the decision at the May or June meeting will depend on how clear things get. Furthermore, he said they have to be patient and it is never good for the Fed to change course from one policy meeting to the next.
- US President Trump will sign executive orders today at 14:30EST/19:30GMT and deliver remarks at the White House Digital Assets Summit at 15:00EST/20:00GMT
- US House Speaker Johnson aims to hold a CR vote on Tuesday and expects it will pass, while the CR text could be released as soon as Friday.
GEOPOLITICS
RUSSIA-UKRAINE
- Russia’s Kremlin say they are closely monitoring EU defence initiatives and warn they may need to implement necessary countermeasures to safeguard Russian national securitySays Trump’s call for denuclearisation is on the agenda. Dialogue with the US on arms control is essential.
- Ukrainian President Zelensky said Ukraine and the US are to have a meaningful meeting next week and that Ukraine seeks a truce for air strikes and sea operations, while he added that Russia needs to release POWs to establish trust. Zelensky also said he will meet with the Saudi Crown Prince next week, and then the Ukraine team will remain in Saudi for a meeting with US officials.
OTHER
- French President Macron said he was approached all day by other EU leaders to discuss the nuclear deterrence offer and technical talks will start on nuclear deterrence with EU leaders in which he hopes to see new cooperation by the end of the first half of 2025. Furthermore, Macron said Russia reacted the way it did to his speech because what he said is true and that Putin was piqued because they know his game, while he said he will talk with Putin once it is decided it is the right time.
- Chinese Foreign Minister Wang Yi said the international situation in 2025 remains full of challenges, while he added that China and Russia have established a new model of major-country relations and their relationship will not be disturbed by third parties. Wang also stated that Taiwan has never been a country and it never will be, as well as noted they should realise the complete ‘reunification’ of the motherland.
CRYPTO
- Bitcoin is on the backfoot and trading just shy of USD 89k ahead of today’s US Crypto Summit, where President Trump is expected to give some remarks.
APAC TRADE
- APAC stocks were mostly lower as the region followed suit to the losses stateside amid growth concerns, tech weakness and tariff uncertainty, while participants digested Chinese trade data and braced for US jobs data.
- ASX 200 retreated below the 8,000 level with the declines led by tech following the rout in US counterparts and with the top-weighted financial sector also suffering firm losses.
- Nikkei 225 underperformed and dipped to sub-37,000 territory in early trade with weakness in tech stocks dragging the index lower, while long-term Japanese yields continued to rise.
- Hang Seng and Shanghai Comp initially bucked the trend despite the weaker-than-expected Exports and Imports data from China, while there were recent support pledges by the nation’s central bank, finance and securities heads including PBoC Governor Pan who said they will study and establish new structural policy tools, as well as cut interest rates and banks’ RRR at the appropriate time. However, the benchmarks ultimately succumbed to the broader risk tone.
NOTABLE ASIA-PAC HEADLINES
- BoJ is seen keeping policy steady at this month’s meeting, although three sources familiar with its thinking said inflationary pressures from wage gains and prolonged food price rises could prompt discussion of another hike as soon as May.. Thereafter, BoJ is reportedly leaning towards holding the key rate at the March meeting, via Bloomberg citing sources; wishes to monitor the January hike and impact of US policies
- South Korean court cancelled the arrest of South Korea President Yoon although Yoon’s lawyer said he won’t immediately be released as prosecutors can appeal, while the Presidential Office said it hopes Yoon will return to work soon.
DATA RECAP
- Chinese Trade Balance (USD)(Feb) 170.52B vs. Exp. 142.35B (Prev. 104.84B)
- Chinese Exports YY (USD)(Feb) 2.3% vs. Exp. 5.0% (Prev. 10.7%); Imports YY -8.4% vs. Exp. 1.0% (Prev. 1.0%)
- Chinese Trade Balance (CNY))(Feb) 1226.1B (Prev. 752.9B)
- Chinese Yuan-Denominated Exports (Feb) 3.0% (Prev. 10.9%); Imports (Feb) -7.3% (Prev. 1.30%)
2c) Asian opening report
Futures Flat Ahead Of February Jobs Report
Friday, Mar 07, 2025 – 08:15 AM
US equity futures erased a modest rebound from yesterday’s 1.8% rout ahead of today’s 8:30am jobs report and Powell’s 12:30pm speech. As of 8:00am ET, S&P futures were unchanged and well off session highs, while Nasdaq futures rose 0.1%, with Mag 7 names mixed, led by NVDA’s +1.4% pre-market gain after the bullish AVGO (+13%) earnings. Underscoring the growing risk aversion in the markets, stocks failed to stage a rebound even after Trump delayed levies on Mexican and Canadian goods covered by the North American trade deal. Europe’s Stoxx 600 falls 0.7% following a broadly weaker session for Asian stocks as Trump’s shifting approach to trade tariffs hampers risk sentiment. Bond yields are lower as is the USD, although off session lows. Commodities are actually higher for once led by oil (WTI +1.6%) and base metals (Aluminum +1.4%; Copper +1.6%). In crypto, Bitcoin slumped after Trump signed an executive order to create a strategic Bitcoin reserve that failed to meet market expectations. Today, we will hear the payroll data at 8:30am ET. Consensus looks for +160k vs. +120k whisper (143k prior); the UR is expected to remain at 4.0% vs. 4.0% prior and Hourly Earnings to print 0.3% vs. 0.5% prior.
In premarket trading, Broadcom (AVGO) shares jumped 11% after the chipmaker reported first-quarter results that beat expectations and gave an outlook that is seen as strong, reassuring investors about the demand prospects for AI-related infrastructure. In sympathy, chip stocks gained: Micron (MU) +1.3%, Applied Materials (AMAT) +1% and AMD +0.5%. Nvidia led gains among the Magnificent Seven stocks (Nvidia +1.4%, Apple -0.3%, Tesla -0.4%, Microsoft -0.3%; Meta, Amazon and Alphabet little changed). Here are other notable premarket movers:
- Hewlett Packard Enterprise shares sink 20% after the maker of servers gave an outlook that is weaker than expected. The company also said it would eliminate about 3,000 jobs
- Gap shares rise 18% after the retailer reported comparable sales in all brands that topped Wall Street expectations
- Walgreens Boots Alliance is trading 5.7% after the US drugstore chain agreed to be purchased by Sycamore Partners for $10 billion
- Intuitive Machines shares tumble 34%, extending losses after Thursday’s 20% selloff, as the space firm believes its second lander may be in the wrong orientation on the moon
- Bigbear.ai shares slide 13% after the software company reported fourth-quarter results that are weaker than expected
US employers likely added 160,000 jobs last month, showcasing a labor market holding steady in the face of mounting policy uncertainty, according to economists surveyed by Bloomberg, although as UBS notes, the whisper number is well lower, at around 122,000 (our full preview can be found here).
On Thursday, Wall Street failed to stage a rebound even after President Donald Trump delayed levies on Mexican and Canadian goods covered by the North American trade deal. The back-and-forth on tariffs “is creating a lot of uncertainty and that is showing up not only in markets, which have become quite volatile, but also in forward looking leading indicators, such as surveys and purchasing managers indexes,” said Florian Ielpo at Lombard Odier. “For now the hard data remains good, but the soft data is deteriorating, and the question is which one is correct.”
After the jobs report there is another notable highlight: Fed Chair Jerome Powell is slated to speak at a monetary policy forum at 12:30pm.
Bitcoin, meanwhile, sank as much as 5.7% and four other digital tokens that had previously been highlighted by Trump fell at least 3%, as a potential lack of new buying weighed on the market. The executive order signed by Trump indicated that the government wouldn’t use taxpayer money to fund a strategic reserve of the largest digital asset. Instead, the reserve would be capitalized with Bitcoin already owned by the federal government. Here are some of the biggest movers on Friday:
- UMG shares rise as much as 6.3% as the music label reported higher-than-expected revenue from subscriptions, an important line that contributed to over one third of the firm’s sales.
- Elia shares jump as much as 19%, marking its biggest daily gain on record, after the electricity transmission company posted results and guidance that trumped expectations.
- Vivendi shares rise as much as 4.5% after the French media firm said its intention is to sell its stake in Telecom Italia when it gets good terms.
- Ferragamo shares slump as much as 19% after the Italian luxury goods maker reported a wider-than-expected loss for the full year and gave an outlook that analysts said was cautious, stoking worries over subdued demand.
- Just Group shares fall as much as 17%, the most since March 2020, after the UK financial services company’s adjusted earnings came in well below estimates.
- Zurich Airport shares fall as much as 6%, the most since August. The company gave cautious guidance, held back by lower retail revenues due to shop closures and higher labor costs, according to Stifel.
- SFS shares fall as much as 8.6% after the Swiss mechanical fastening systems and components maker reports results that were below expectations.
- Hensoldt shares fall as much as 8.2% after Kepler Cheuvreux downgraded the German defense company’s shares to reduce, saying the speed at which the share is discounting the future is “dangerous” and underplays execution risks.
Europe’s Stoxx 600 falls 0.7% following a broadly weaker session for Asian stocks as US President Donald Trump’s shifting approach to trade tariffs hampers risk sentiment. Consumer product and travel shares are leading declines in Europe as the euro extends its post-ECB rally, climbing 0.7% to ~$1.0860. While Europe’s stock benchmark retreated on Friday, Germany’s historic shift toward increased spending helped put the euro on track for its best week since 2009. The prospect of more debt issuance hoisted yields on German bonds by the most since 1990 earlier in the week. The rate on 10-year bunds was little changed on Friday at 2.83%.
Asian stocks fell after US President Donald Trump’s whipsaw tariff announcements added uncertainty to global markets, with Japan and Australia leading declines. The MSCI AC Asia Pacific Index slid as much as 1%. Still, the measure is on track to cap its best week since September on positive signals for China from the National People’s Congress. Japan and Australia’s benchmarks dropped the most in the region. Trump’s order to delay tariffs on Mexican and Canadian goods covered by the North American trade agreement is doing little to assuage investors’ concerns on increasing unpredictability in markets. Japan’s export-sensitive electronic stocks, Sony Group and Nintendo, were among the biggest drags on the regional gauge, while US-exposed Macquarie Group also slipped. “Further escalation of trade tensions – such as new tariffs or breakdowns in talks – could spur more market volatility and downside for trade-sensitive stocks,” said Josh Gilbert, a market analyst at eToro in Sydney. “Sectors like autos, aerospace, technology hardware, apparel, and agriculture are especially sensitive.”
In commodities, oil prices advance, with WTI rising 1.4% to $67.30. Spot gold gains $6 to around $2,918/oz. Bitcoin falls 1% to around $89,000 after Trump’s crypto executive order disappointed
Looking at the US event calendar, today’s data calendar includes February jobs report (8:30am) and January consumer credit (3pm). Fed speaker slate includes Bowman (10:15am), Williams (10:45am), Kugler (12:20pm, 1pm) and Powell giving keynote speech on the economic outlook (12:30pm).
Market Snapshot
- S&P 500 futures up 0.4% to 5,768.75
- STOXX Europe 600 down 0.5% to 553.18
- MXAP down 0.8% to 188.13
- MXAPJ down 0.6% to 591.18
- Nikkei down 2.2% to 36,887.17
- Topix down 1.6% to 2,708.59
- Hang Seng Index down 0.6% to 24,231.30
- Shanghai Composite down 0.3% to 3,372.55
- Sensex little changed at 74,384.75
- Australia S&P/ASX 200 down 1.8% to 7,948.17
- Kospi down 0.5% to 2,563.48
- German 10Y yield little changed at 2.82%
- Euro up 0.7% to $1.0863
- Brent Futures up 1.4% to $70.42/bbl
- Gold spot up 0.3% to $2,921.77
- US Dollar Index down 0.45% to 103.60
Top Overnight News
- US President Trump will sign executive orders today at 14:30EST/19:30GMT and deliver remarks at the White House Digital Assets Summit at 15:00EST/20:00GMT
- US House Speaker Johnson aims to hold a CR vote on Tuesday and expects it will pass, while the CR text could be released as soon as Friday.
- The United States is planning to charge fees for docking at U.S. ports on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels and will push allies to act similarly or face retaliation, a draft executive order stated. RTRS
- Ontario Premier Doug Ford is steaming ahead with his pledge to impose 25 percent tariffs on electricity sent to the United States starting Monday, despite President Donald Trump’s decision to suspend most tariffs on Mexico and Canada Thursday afternoon. Politico
- US President Trump sent a letter to Iran urging negotiations: Fox Business
- The Trump administration believes that Ukrainian President Volodymyr Zelensky has apologized for his recent behavior, and top U.S. officials are prepared to meet with Ukrainian officials in Saudi Arabia next week to set the stage for potential peace talks between Kyiv and Moscow. WSJ
- Fed’s Bostic (2027 voter) said the economy is in incredible flux and hard to know where things will land, while he added that if they wait for trends to show up in national economic data before acting, they could be too late. Bostic also said he would be surprised if they get a lot of clarity on the impact of policies before late spring into summer and noted the decision at the May or June meeting will depend on how clear things get
- Mexico will review its levies on Chinese shipments, President Claudia Sheinbaum said — a possible win for Donald Trump’s “Fortress North America” push. BBG
- The Fed’s Raphael Bostic said it could take several months to understand how Trump’s policies will affect the economy, suggesting rates may remain steady until late spring. BBG
- China’s trade numbers fall short of expectations for the Jan/Feb period, w/exports rising 2.3% (vs. the Street +5.9%) while imports sink 8.4% (vs. the Street +1%). RTRS
- China’s exports hit a record $540 billion in the first two months of 2025 as tariffs drove the frontloading of shipments. Bloomberg Economics said a surprise drop in imports hints at domestic weakness. BBG
- BOJ officials will likely hold policy steady this month, but could discuss whether another rate hike is needed at the May meeting given continued upside inflation pressures. RTRS
Tariffs/Trade
- US President Trump posted on Truth “After speaking with President Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd”. It was later reported that Trump signed the amendment to Mexico and Canada tariffs to make USMCA-compliant products exempt from levies until April 2nd.
- US President Trump said most tariffs are to start April 2nd and predominant tariffs will be reciprocal, while he said steel and aluminium tariffs will not be modified. Trump cited a little short-term interruption on tariffs and said tariffs are something the US has to do. Trump said he is not even looking at the market and noted the long-term economy is very strong. Furthermore, Trump said there is no USMCA exemption for auto tariffs next month, according to Reuters.
- White House said President Trump’s exemption on 25% tariffs on most goods from Canada and Mexico is not retroactive, while officials noted that some automakers think they will need to pay 25% tariffs on three days of imports.
- US President Trump sent a letter to Iran urging negotiations: Fox Business
- Fed’s Bostic (2027 voter) said the economy is in incredible flux and hard to know where things will land, while he added that if they wait for trends to show up in national economic data before acting, they could be too late.
- US House Speaker Johnson aims to hold a CR vote on Tuesday and expects it will pass, while the CR text could be released as soon as Friday.
- Canada’s Finance Minister said Canada will delay the second wave of tariffs on CAD 125bln of US products until April 2nd.
- US Commerce Secretary Lutnick informed Brazilian Vice President Alckmin in a call that the US could postpone tariffs on Brazilian goods, while Alckmin believes Brazil and the US could reach a good understanding on tariffs policy through dialogue and noted the sides agreed to hold further bilateral talks in the coming days.
- US is to impose fees on any vessel entering US ports that are part of a fleet which includes vessels built or flagged in China and the US is to engage allies to impose similar measures or risk US retaliation, according to draft order.
- Chinese Foreign Minister Wang said the abuse of fentanyl is an issue that the US has to solve and noted regarding US-China relations that if one side exerts pressure, China will resolutely counter that. Furthermore, Wang Yi said China’s economy grew 5% last year despite the pressure of unilateral US sanctions.
- UK Business Secretary Jonathan Reynolds vowed to ‘stand up’ for British steel as US tariffs loom, according to FT.
A more detailed look at global markets courtesy of Newqsuawk
APAC stocks were mostly lower as the region followed suit to the losses stateside amid growth concerns, tech weakness and tariff uncertainty, while participants digested Chinese trade data and braced for US jobs data. ASX 200 retreated below the 8,000 level with the declines led by tech following the rout in US counterparts and with the top-weighted financial sector also suffering firm losses. Nikkei 225 underperformed and dipped to sub-37,000 territory in early trade with weakness in tech stocks dragging the index lower, while long-term Japanese yields continued to rise. Hang Seng and Shanghai Comp initially bucked the trend despite the weaker-than-expected Exports and Imports data from China, while there were recent support pledges by the nation’s central bank, finance and securities heads including PBoC Governor Pan who said they will study and establish new structural policy tools, as well as cut interest rates and banks’ RRR at the appropriate time. However, the benchmarks ultimately succumbed to the broader risk tone.
Top Asian News
- BoJ is seen keeping policy steady at this month’s meeting, although three sources familiar with its thinking said inflationary pressures from wage gains and prolonged food price rises could prompt discussion of another hike as soon as May.. Thereafter, BoJ is reportedly leaning towards holding the key rate at the March meeting, via Bloomberg citing sources; wishes to monitor the January hike and impact of US policies
- South Korean court cancelled the arrest of South Korea President Yoon although Yoon’s lawyer said he won’t immediately be released as prosecutors can appeal, while the Presidential Office said it hopes Yoon will return to work soon.
European bourses (STOXX 600 -0.8%) began the session entirely in the red, and continued to trundle lower in early morning trade; price action has been relatively choppy, with focus now on US NFP. European sectors hold a strong negative bias. Telecoms is leading today, albeit modestly so; newsflow for the industry has been light aside from EU Defence Commissioner Kubilius saying it is possible to replace Starlink in Ukraine quickly. Consumer Products is the clear underperformer today, with particular weakness in the Luxury after Chinese trade data and Ferragamo results. US equity futures are modestly firmer footing; the lift in sentiment today could be attributed to the strong Broadcom results; Co. shares are up 12% in pre-market trade after reporting strong AI-demand in Q1, where profits and sales topped expectations. The highlight of the day is the US jobs report for February, where the pace of payroll additions is seen at 160k (vs 143k in January), the jobless rate is seen unchanged at 4.0%, while average earnings are seen unchanged at 41% Y/Y. Tesla (TSLA) added to “best ideas list” at Wedbush.
Top European News
- EU is to explore long-term reform of fiscal rules for defence, while it was separately reported that Spanish PM Sanchez said Spain to bring forward the timeline to reach 2% of GDP defence spending.
- ECB’s Villeroy says we are winning the battle with inflation; ECB must be ready to act and react.
- ECB’s Muller says euro-area inflation is nearing the ECB’s 2% target, via Bloomberg. Too early to assess the potential impact of US tariffs. Trade restrictions would dampen growth and increase prices. Emphasizes increased caution regarding future rate cuts.
- UK Chancellor Reeves met with primary dealer firms in the Gilt market on 6th March; reiterated a commitment to fiscal rules and that growth is the number one priority for the government.
FX
- USD’s miserable run for the week has extended into Friday trade. DXY started the week off around the 107.56 mark but has since ripped through its 200DMA to the downside at 104.99 and printed a YTD trough at 103.56. Ahead, US NFP and of course any updates from President Trump regarding trade.
- This week’s monster rally in the EUR has continued into today’s session with the pair printing a fresh YTD Peak at 1.0871. Upside this week has stemmed from the recent spending pledges coming out of Germany, a hawkish tweak to ECB guidance and an ongoing slew of soft data releases out of the US. On the ECB, source reporting in the aftermath of the decision noted that some officials see an increasing chance of a rate in April with 2.5% unlikely to be the terminal rate. Others on the GC see a growing chance of a pause in their easing cycle at their next meeting before rates come down again. Attention is now on a test of 1.09; not breached since 6th Nov.
- Overnight, USD/JPY traded on both sides of the 148.00 level before ultimately moving lower alongside the risk-off mood in APAC. In terms of domestic newsflow, source reporting via Bloomberg noted that the BoJ is reportedly leaning towards holding the key rate at the March meeting as it wishes to monitor the January hike and impact of US policies. Furthermore, it sees recent wage developments as being within expectations. The downside in USD/JPY has led to another YTD trough for the pair at 147.20.
- GBP is on the front foot vs. the USD once again and has printed another YTD peak at 1.2925. As has been the case throughout the week, fresh macro drivers for the UK have been lacking and therefore it is the USD leg of the equation that has been the primary driver for Cable. The pair has soared from the 1.2577 opening price on Monday, clearing its 200DMA at 1.2785 and made its way onto a 1.29 handle.
- Antipodeans are both bucking the trend of other majors and are on the backfoot vs. the USD. Price action takes place in the context of the risk-off mood in APAC trade and as participants digested the latest trade figures from Australia and New Zealand’s largest trading partner, China which showed a surprise contraction in imports and a miss on exports.
- CAD is flat vs. the USD following a heavy day of tariff-related newsflow yesterday. To recap, Trump signed an amendment to Mexico and Canada tariffs to make USMCA-compliant products exempt from levies until April 2nd. However, there will be no USMCA exemption for auto tariffs next month, steel and aluminium tariffs will not be modified and April 2nd reciprocal tariffs will still go ahead. On net, the announcements have provided some reprieve for CAD. Ahead, the region’s own jobs data.
- PBoC set USD/CNY mid-point at 7.1705 vs exp. 7.2406 (prev. 7.1692).
Fixed Income
- Bunds are firmer in a modest bounce from recent significant pressure. At best, Bunds have been to a 128.18 peak with gains of 116 ticks at best. A move which is likely a modest paring of recent extensive downside and also a function of the downbeat European equity risk tone. Bunds in the morning got hit by a very soft Industrial Output report for January which printed outside of the forecast range and sparked immediate pressure of around 30 ticks in Bunds to the eventual 127.54 trough. A move which was potentially spurred by the soft Industrial data justifying the fiscal measures outlined by incoming Chancellor Merz earlier in the week.
- USTs are firmer but in a narrower 110-25 to 111-03 band. Benchmarks benefitting from the uptick in Bunds as discussed above, more sources pointing to the BoJ potentially remaining on hold in March (pricing has a 96% chance of no move implied) and mainly waiting for Payrolls & Powell. That aside, following the concessions on tariffs by Trump on Thursday we are keenly awaiting any fresh updates to this for/from Canada and Mexico in addition to and perhaps more pertinently anything relating to China.
- Gilts find themselves following suit with broader price action but caught between USTs and Bunds in terms of magnitudes. Currently back below the 92.00 mark but has been above the figure in a 91.73-92.13 band. Specifics for the region light with the initial bias a bullish one on account of the above and indeed Gilts opened higher by around 33 ticks.
Commodities
- Crude is on a firmer footing and currently trade just off session highs, with both WTI currently higher by circa USD 0.98/bbl thus far; support today lacks a clear driver, but with upside coinciding with strength at the European cash open. Brent’May currently trading at the top end of USD 69.30-70.50/bbl range. Russian Deputy PM Novak said OPEC+ is to raise oil output from April, but might reverse that decision afterwards if there are imbalances in the market. This sparked little move in the complex.
- Natgas prices began the morning softer, but jumped on news that a Russian attack “significantly” damaged Ukraine’s gas production facilities; which caused operations to cease. Dutch TTF currently higher by around 4%.
- Spot gold traded sideways overnight, but picked up a touch in European trade, fuelled by the weaker dollar, and ahead of the US NFP report. The yellow metal is firmer by 0.3%, above the USD 2900/oz mark, and within a USD 2,896.83-2,923.06/oz range on the session.
- Copper futures are subdued amid the mostly negative risk tone, with its biggest buyer, China, printing weaker-than-expected trade data.
- Russia Deputy PM Novak says OPEC+ is to raise oil output from April, but might reverse that decision afterwards if there are imbalances in the market. OPEC+ decision to raise output due to seasonal rise in demand. Oil flows via CPC are at reduced volumes after recent drone attacks, pumping will depend on production level. Russia’s oil output is well below OPEC+ quota in February, will be taken into account within the deal. Russia aims to fully comply with OPEC+ deal. Says parties subject to the deal will analyse possibility to speed up compensation for previous overproduction.
- Qatar set April Marine Crude OSP at Oman/Dubai plus USD 2.10/bbl April Land Crude OSP at Oman/Dubai plus USD 1.85/bbl.
- Saudi Arabia has set the April Arab light crude oil OSP at Asia at plus USD 3.50bbl vs. Oman/Dubai average, according to documentation cited by Reuters
- UBS sees price level of USD 1000/oz for Palladium in 2025; expects a deficit of around 300k/oz, or 3% demand in 2025; expects it to remain a laggard in the precious metals space.
- China Feb Foreign reserves USD 3.227tln (exp. USD 3.229tln); gold reserves USD 208.6bln (prev. USD 296.5bln).
- Ukraine’s Energy firm DTEK says Russian attack significantly damaged its gas production facilities in Ukraine’s Poltava region; these facilities have ceased operations after the attack.
- Kazakhstan ships 100k T of oil to Germany via Druzhba pipeline in Feb, according to IFAX citing Kaztransoil.
- Kazakhstan Energy Minister says their oil output is above OPEC+ quotas; has tasked oil majors to cut oil production. Intend to optimise oil output in March. To cut oil export via the CPC. Consultations will be held next week in the US with the CEOs of major shareholders in big oil projects in Kazakhstan. Told major oilfield shareholders, ExxonMobil (XOM), Shell (SHEL LN), TotalEnergies (TTE FP) to cut March volumes, was received well.
- UBS sees price level of USD 1000/oz for Palladium in 2025; expects a deficit of around 300k/oz, or 3% demand in 2025; expects it to remain a laggard in the precious metals space.
- Saudi Arabia has set the April Arab light crude oil OSP at Asia at plus USD 3.50bbl vs. Oman/Dubai average, according to documentation cited by Reuters.
- Bank of America reiterates its unchanged USD 60-80/bbl medium-term forecast range for Brent.
Geopolitics: Ukraine
- Russia’s Kremlin say they are closely monitoring EU defence initiatives and warn they may need to implement necessary countermeasures to safeguard Russian national securitySays Trump’s call for denuclearisation is on the agenda. Dialogue with the US on arms control is essential.
- Ukrainian President Zelensky said Ukraine and the US are to have a meaningful meeting next week and that Ukraine seeks a truce for air strikes and sea operations, while he added that Russia needs to release POWs to establish trust. Zelensky also said he will meet with the Saudi Crown Prince next week, and then the Ukraine team will remain in Saudi for a meeting with US officials.
Geopolitics: Other
- French President Macron said he was approached all day by other EU leaders to discuss the nuclear deterrence offer and technical talks will start on nuclear deterrence with EU leaders in which he hopes to see new cooperation by the end of the first half of 2025. Furthermore, Macron said Russia reacted the way it did to his speech because what he said is true and that Putin was piqued because they know his game, while he said he will talk with Putin once it is decided it is the right time.
- Chinese Foreign Minister Wang Yi said the international situation in 2025 remains full of challenges, while he added that China and Russia have established a new model of major-country relations and their relationship will not be disturbed by third parties. Wang also stated that Taiwan has never been a country and it never will be, as well as noted they should realise the complete ‘reunification’ of the motherland.
Stocks subdued despite Trump’s tariff concessions into Payrolls – Newsquawk Europe Market Open
Friday, Mar 07, 2025 – 01:44 AM
- US President Trump signed amendments to the Canada & Mexico tariffs; however, this failed to lift risk sentiment
- Fed’s Waller says he does not see the case for a March cut and the median view of two 2025 cuts “remains reasonable”; Bostic said they need to be patient
- US futures attempted to recover off the Wall St. pressure but failed to make much ground into Payrolls, European futures point to a weak open
- DXY pressured and below 104.00, EUR above 1.08; ECB officials see an April showdown on whether to cut or not with the odds reportedly growing
- Bunds attempt to nurse some downside but remain sub-129.00, USTs firmed with yields softer across the curve
- Looking ahead, highlights include UK Halifax House Prices, German Industrial Orders, French Trade Balance, EZ Employment (Final), US NFP, Canadian Jobs, Chinese Trade Balance, White House Crypto Summit, Speakers including Fed’s Powell, Bostic, Bowman, Williams, Kugler & ECB’s Lagarde
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US TRADE
EQUITIES
- US stocks closed notably lower, albeit slightly off lows, with the Nasdaq 100 the laggard as chip names were hit on a weak Marvell (MRVL) (-20%) report, while the narrative of the day surrounded the main two macro themes of tariffs and US growth concerns. There were an abundance of tariff updates including US President Trump signing an amendment to Mexico and Canada tariffs to make USMCA-compliant products exempt from levies until April 2nd, while on the data footing, a hefty rise in Challenger layoffs, with a large chunk driven by government cuts, reignited growth concerns.
- SPX -1.78% at 5,738, NDX -2.79% at 20,052, DJI -0.99% at 42,578, RUT -1.64% at 2,066.
- Click here for a detailed summary.
TARIFFS/TRADE
- US President Trump posted on Truth “After speaking with President Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd”. It was later reported that Trump signed the amendment to Mexico and Canada tariffs to make USMCA-compliant products exempt from levies until April 2nd.
- US President Trump said most tariffs are to start April 2nd and predominant tariffs will be reciprocal, while he said steel and aluminium tariffs will not be modified. Trump cited a little short-term interruption on tariffs and said tariffs are something the US has to do. Trump said he is not even looking at the market and noted the long-term economy is very strong. Furthermore, Trump said there is no USMCA exemption for auto tariffs next month, according to Reuters.
- White House said President Trump’s exemption on 25% tariffs on most goods from Canada and Mexico is not retroactive, while officials noted that some automakers think they will need to pay 25% tariffs on three days of imports.
- Mexican President Sheinbaum said the call with US President Trump was excellent and respectful, while they will keep working together, particularly on migration and security, particularly the crossing of fentanyl into the US, and said the agreement to pause tariffs on Mexico’s USMCA-compliant goods is until April 2nd. Furthermore, Sheinbaum said US President Trump at first proposed leaving tariffs and then reviewing, while she added with Mexico not charging tariffs to US imports, Trump’s reciprocal tariffs shouldn’t apply from April 2nd. Mexican President Sheinbaum also commented that they must revise their tariffs with China, while she added Mexico doesn’t have a free trade deal with China and imports a lot from China.
- Canada’s Finance Minister said Canada will delay the second wave of tariffs on CAD 125bln of US products until April 2nd.
- US Commerce Secretary Lutnick informed Brazilian Vice President Alckmin in a call that the US could postpone tariffs on Brazilian goods, while Alckmin believes Brazil and the US could reach a good understanding on tariffs policy through dialogue and noted the sides agreed to hold further bilateral talks in the coming days.
- US is to impose fees on any vessel entering US ports that are part of a fleet which includes vessels built or flagged in China and the US is to engage allies to impose similar measures or risk US retaliation, according to draft order.
- Chinese Foreign Minister Wang said the abuse of fentanyl is an issue that the US has to solve and noted regarding US-China relations that if one side exerts pressure, China will resolutely counter that. Furthermore, Wang Yi said China’s economy grew 5% last year despite the pressure of unilateral US sanctions.
- UK Business Secretary Jonathan Reynolds vowed to ‘stand up’ for British steel as US tariffs loom, according to FT.
NOTABLE HEADLINES
- Fed Governor Waller (voter) said not all tariffs are passed through and policy is still restrictive, while he added the Fed can cut rates for positive and negative reasons. Waller said they are seeing some signs of softer data and have to respond to hard data, as well as noted he is waiting to see if weakness in soft data shows up in broader statistics and the Fed still needs more data to understand economic outlook. Furthermore, Waller doesn’t see a case for a March rate cut but could see rate cuts after the March Fed meeting and noted the median of two cuts for 2025 remains reasonable.
- Fed’s Bostic (2027 voter) said the economy is in incredible flux and hard to know where things will land, while he added that if they wait for trends to show up in national economic data before acting, they could be too late. Bostic also said he would be surprised if they get a lot of clarity on the impact of policies before late spring into summer and noted the decision at the May or June meeting will depend on how clear things get. Furthermore, he said they have to be patient and it is never good for the Fed to change course from one policy meeting to the next.
- US President Trump will sign executive orders today at 14:30EST/19:30GMT and deliver remarks at the White House Digital Assets Summit at 15:00EST/20:00GMT
- US President Trump said the CEO of CMA CGM Shipping is to invest USD 20bln in the US and is to announce a new programme for shipbuilding soon.
- US Treasury Secretary Scott Bessent told Israeli Finance Minister Smotrich this week that the US is reconsidering the ban on exporting AI chips to Israel and that developments on this matter may occur very soon, according to Jerusalem Post.
- US House Speaker Johnson aims to hold a CR vote on Tuesday and expects it will pass, while the CR text could be released as soon as Friday.
APAC TRADE
EQUITIES
- APAC stocks were mostly lower as the region followed suit to the losses stateside amid growth concerns, tech weakness and tariff uncertainty, while participants digested Chinese trade data and braced for US jobs data.
- ASX 200 retreated below the 8,000 level with the declines led by tech following the rout in US counterparts and with the top-weighted financial sector also suffering firm losses.
- Nikkei 225 underperformed and dipped to sub-37,000 territory in early trade with weakness in tech stocks dragging the index lower, while long-term Japanese yields continued to rise.
- Hang Seng and Shanghai Comp initially bucked the trend despite the weaker-than-expected Exports and Imports data from China, while there were recent support pledges by the nation’s central bank, finance and securities heads including PBoC Governor Pan who said they will study and establish new structural policy tools, as well as cut interest rates and banks’ RRR at the appropriate time. However, the benchmarks ultimately succumbed to the broader risk tone.
- US equity futures were in recovery mode following yesterday’s declines that saw the Nasdaq 100 future close below its 200-day moving average for the first time in around two years, although the overnight rebound was limited with the key US jobs data on the horizon.
- European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.7% after the cash market closed with gains of 0.6% on Thursday.
FX
- DXY gradually softened following the prior day’s ultimately cautious performance amid tariff-related uncertainty and mixed labour data, while there was little lasting impact from the announcement that US President Trump reached an agreement to delay USMCA-compliant tariffs on Canada and Mexico until April 2nd and the latest Fed rhetoric was also met with a muted reaction as participants await the latest NFP report and Fed Chair Powell’s comments.
- EUR/USD eked slight gains and reclaimed the 1.0800 level amid a softer dollar, while ECB sources recently noted that the current 2.5% is unlikely to be the bottom of the cycle and if the US imposed tariffs on the EU, chances of more cuts are raised, potentially starting in April.
- GBP/USD traded sideways after reverting to beneath the 1.2900 handle with price action contained amid a lack of pertinent macro drivers.
- USD/JPY traded on both sides of the 148.00 level with recent downward pressure coinciding with the risk-off mood and after reports that Japan’s largest labour union is seeking a greater wage hike this year.
- Antipodeans were subdued amid the risk-off mood and as participants digested the latest trade figures from Australia and New Zealand’s largest trading partner which showed a surprise contraction in exports.
- PBoC set USD/CNY mid-point at 7.1705 vs exp. 7.2406 (prev. 7.1692).
FIXED INCOME
- 10yr UST futures remained afloat after whipsawing yesterday amid mixed labour market data, tariff updates and a soured risk sentiment ahead of NFP.
- Bund futures partially nursed some of this week’s extensive losses but have far to go with prices languishing firmly beneath the 129.00 level.
- 10yr JGB futures recouped some of its recent lost ground but with the rebound limited amid a lack of fresh drivers and recent reports of plans for larger wage hike demands at this year’s Shunto wage negotiations.
COMMODITIES
- Crude futures were rangebound following the indecisive performance seen during the prior US session where prices settled more-or-less flat as the complex continued to reflect on tariff uncertainty, US growth concerns, economic data and geopolitics.
- Qatar set April Marine Crude OSP at Oman/Dubai plus USD 2.10/bbl April Land Crude OSP at Oman/Dubai plus USD 1.85/bbl.
- Spot gold lacked conviction amid a predominantly uneventful dollar heading into the NFP jobs data.
- Copper futures were subdued amid the mostly negative risk tone and disappointing Chinese trade data.
CRYPTO
- Bitcoin retreated overnight and briefly dipped beneath the USD 86,000 level with pressure after the White House crypto czar announced President Trump signed the executive order to establish a strategic Bitcoin reserve but noted it will be capitalised by forfeitures and will not involve new purchases.
- White House crypto czar David Sacks said US President Trump signed an executive order to establish a strategic Bitcoin reserve which will be capitalised with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. Furthermore, he said the US will not sell any Bitcoin deposited into the reserve and the secretaries of Treasury and Commerce are authorised to develop budget-neutral strategies for acquiring additional Bitcoin but the government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings.
NOTABLE ASIA-PAC HEADLINES
- BoJ is seen keeping policy steady at this month’s meeting, although three sources familiar with its thinking said inflationary pressures from wage gains and prolonged food price rises could prompt discussion of another hike as soon as May.
- South Korean court cancelled the arrest of South Korea President Yoon although Yoon’s lawyer said he won’t immediately be released as prosecutors can appeal, while the Presidential Office said it hopes Yoon will return to work soon.
DATA RECAP
- Chinese Trade Balance (USD)(Feb) 170.52B vs. Exp. 142.35B (Prev. 104.84B)
- Chinese Exports YY (USD)(Feb) 2.3% vs. Exp. 5.0% (Prev. 10.7%); Imports YY -8.4% vs. Exp. 1.0% (Prev. 1.0%)
- Chinese Trade Balance (CNY))(Feb) 1226.1B (Prev. 752.9B)
- Chinese Yuan-Denominated Exports (Feb) 3.0% (Prev. 10.9%); Imports (Feb) -7.3% (Prev. 1.30%)
GEOPOLITICS
MIDDLE EAST
- US Special Envoy Witkoff said they feel Hamas has not been forthright with them and that the US and Israel could take action if Hamas doesn’t release hostages.
- US Treasury Secretary Bessent said the US will close Iran’s access to the global financial system and they are going to shut down Iran’s oil sectors and drone manufacturing capabilities, while he also stated that access to cheap goods is not the essence of the American dream.
RUSSIA-UKRAINE
- Ukrainian President Zelensky said Ukraine and the US are to have a meaningful meeting next week and that Ukraine seeks a truce for air strikes and sea operations, while he added that Russia needs to release POWs to establish trust. Zelensky also said he will meet with the Saudi Crown Prince next week, and then the Ukraine team will remain in Saudi for a meeting with US officials.
- US President Trump said he made a lot of progress with Russia and Ukraine in the last two days and will make a decision soon on Ukraine’s Temporary Protected Status, while he also said he would like to start denuclearisation talks. Furthermore, President Trump stated if NATO countries do not pay, the US will not defend.
- US presses Ukraine for a quick ceasefire to go with the minerals deal and President Trump demands a tangible path to a truce, according to Bloomberg sources.
- US Secretary of State Rubio, Special Envoy Witkoff and National Security Advisor Waltz are headed to Riyadh on Tuesday to meet with Ukrainians including the Head of Ukraine’s Presidential Office Yermak, according to Fox.
OTHER
- French President Macron said he was approached all day by other EU leaders to discuss the nuclear deterrence offer and technical talks will start on nuclear deterrence with EU leaders in which he hopes to see new cooperation by the end of the first half of 2025. Furthermore, Macron said Russia reacted the way it did to his speech because what he said is true and that Putin was piqued because they know his game, while he said he will talk with Putin once it is decided it is the right time.
- Chinese Foreign Minister Wang Yi said the international situation in 2025 remains full of challenges, while he added that China and Russia have established a new model of major-country relations and their relationship will not be disturbed by third parties. Wang also stated that Taiwan has never been a country and it never will be, as well as noted they should realise the complete ‘reunification’ of the motherland.
EU/UK
NOTABLE HEADLINES
- ECB officials see April showdown on whether to cut rates again, according to Bloomberg sources. It was separately reported that the chance of an ECB interest rate cut in April is growing and rates are still likely to fall further with 2.5% unlikely to be the bottom of the cycle, according to Reuters sources. However, four sources also stated that ECB policymakers see a growing chance of a pause in their easing cycle at their next meeting before rates come down again, once they have greater clarity about trade and fiscal policy.
- EU is to explore long-term reform of fiscal rules for defence, while it was separately reported that Spanish PM Sanchez said Spain to bring forward the timeline to reach 2% of GDP defence spending.
3 .ASIA
3A NORTH KOREA/SOUTH KOREA
3BJAPAN
3C. CHINA/
CHINA
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
GERMANY
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL HAMAS/USA//:
Witkoff: ‘Trump wants Hamas to release Israeli-American Edan Alexander’
He also confirmed that a date has been set for a return to fighting, but that he cannot reveal it.
By AMICHAI STEIN, WALLA! HEALTH, MAARIVMARCH 6, 2025 20:33Updated: MARCH 6, 2025 23:33
US President Donald Trump wants Hamas to release Israeli-American hostage Edan Alexander to show he is serious about negotiations, US envoy to the Middle East Steve Witkoff told reporters at the White House on Thursday.
“Edan Alexander is very important to us. He is wounded, and he is a top priority. I hope we see good behavior [from Hamas] next week and that I can get there (to Qatar) and have good talks,” Witkoff said.
Speaking of Trump’s stance, Witkoff said, “An American is going to be a priority for him.”
“The president’s message yesterday to Hamas was that he was fed up. I wouldn’t test the president… There will be consequences.”
Witkoff added in his statement: “It’s time for Hamas to act responsibly, which it is not currently doing. Hamas has an opportunity to behave sensibly and do the right thing and then leave Gaza. They will not be part of a future government in Gaza. If they understand this – they have a path to leave.”
“We don’t care so much about these terms ‘phase two’ or ‘extension of phase one,’ what we are focused on is reaching a solution and releasing the hostages.”
Remaining hostages
“We estimate 22 maybe 24 living hostages remain in Gaza, and we want them all back. And we want the bodies back, too.”
He added that the Trump administration is in conversations with Israelis every single day. In as press conference on Thursday, Trump said “we are talking to Hamas and helping Israel.”
“Any action by Israel against Hamas will be supported by our administration,” Witkoff stated.
He also confirmed that a date has been set for a return to fighting, but that he cannot reveal it.
Joint action against Hamas
Later on, Witkoff added that the US and Israel could take joint action against Hamas if the terror group failed to release the hostages.
Further, when Trump was asked whether this statement referred to joint military strikes, he responded, “Well, we’re going to find out. Someone will have to be much tougher than them.”
END
Edan Alexander suffering torture, interrogations, starvation in captivity – N12
The released hostages added that Alexander, a soldier who was kidnapped in IDF uniform, was treated much more harshly by his captors than civilian hostages.
By JERUSALEM POST STAFFMARCH 6, 2025 22:33Updated: MARCH 7, 2025 00:43
Recently released hostages conveyed a sign of life from American-Israeli hostage Edan Alexander, as well as alarming information about the conditions of his captivity, N12 revealed for the first time on Thursday night.
According to their testimonies, which have been passed on to his family, Alexander is being held in an underground tunnel without air or sunlight and is severely malnourished and underweight due to a lack of food.
The released hostages added that Alexander, a soldier who was kidnapped in IDF uniform, was treated much more harshly by his captors than civilian hostages. He has reportedly been severely interrogated and tortured.
Alexander was also handcuffed for almost all of his captivity, N12 continued.
However, the released hostages also revealed that Alexander apparently exhibited continual mental strength and cared for his well-being and that of fellow captives.
US efforts to get him released
This comes amid US envoy to the Middle East Steve Witkoff’s statements about Alexander on Thursday, specifically that he is a “top priority,” both as an American and because he is known to be wounded.
“Edan Alexander is very important to us. He is wounded, and he is a top priority. I hope we see good behavior [from Hamas] next week and that I can get there (to Qatar) and have good talks,” Witkoff said.
Speaking of Trump’s stance, Witkoff said, “An American is going to be a priority for him.”
END
ISRAEL HAMAS/HOUTHUS
‘Eyes on Gaza, hand on the trigger’: Israel prepares to continue fight against Houthis
“The assessment is that the Houthis will resume fire when Israel renews the fighting in Gaza,” a source familiar with the details told The Jerusalem Post.
By AMICHAI STEINMARCH 6, 2025 20:20Updated: MARCH 6, 2025 22:36
After a long period without missile or drone attacks from the Houthis in Yemen, Israel is preparing for their resumption.
“The assessment is that the Houthis will resume fire when Israel renews the fighting in Gaza,” a person familiar with the matter told The Jerusalem Post Thursday.
Israel has so far attacked the Houthis in Yemen five times during the Israel-Hamas War. The last attack was on January 10.
During these strikes, Israel targeted civilian infrastructure with military use, such as airports, seaports, and power stations, as well as military targets.
The Houthis stopped their attacks when the hostage-ceasefire deal was announced several weeks ago.
‘The hand is on the trigger’
But earlier this week, a senior Houthi official issued a threat on his X/Twitter account: “The eye is on Gaza, the hand is on the trigger, missiles and drones, and all military units are on alert. The decision of leader Abdul-Malik al-Houthi is clear.”
Israel is coordinating with the Trump administration on the issue, and discussions are ongoing regarding the possibility of renewed fire, according to a person familiar with the matter.
The Trump administration intends to adopt a “tougher stance” than the Biden administration did regarding the Houthis, the source said.
END
ISRAEL HOUTHIS//
It is about time that they knock the Houthis out of the water
(JerusalemPost)
Yemen’s Houthis give Israel four-day deadline to lift Gaza aid blockage
On March 2, Israel blocked the entry of aid trucks into Gaza as a standoff over the truce escalated, with Hamas calling on Egyptian and Qatari mediators to intervene.
By REUTERSMARCH 7, 2025 20:19Updated: MARCH 7, 2025 21:00
The leader of Yemen‘s Houthis, Abdul Malik al-Houthi, said on Friday the group would resume its naval operations against Israel if Israel did not lift a blockage of aid into Gaza within four days.
The Iran-aligned movement staged more than 100 attacks on shipping from November 2023, saying they were in solidarity with Palestinians over Israel’s war with Hamas in Gaza – and the assaults tailed off in January after a ceasefire there.
Over that period, it sank two vessels, seized another and killed at least four seafarers in an offensive that disrupted global shipping, forcing firms to re-route to longer and more expensive journeys around southern Africa.
Threats against Israel
“We will give a deadline for four days. This deadline is for the (Gaza ceasefire) mediators for their efforts,” al-Houthi said.
“If the Israeli enemy after four days continues to prevent the humanitarian aid into Gaza and continues to completely close the crossings, we will resume our naval operations against the Israeli enemy.”
On March 2, Israel blocked the entry of aid trucks into Gaza as a standoff over the truce escalated, with Hamas calling on Egyptian and Qatari mediators to intervene.
The Houthis, who control most of Yemen, also said in February they will take military action if the US and Israel try to displace Palestinians from Gaza forcibly.
ISRAEL/HAMAS
Breakdown in Gaza ceasefire talks could trigger IDF ‘high-level’ assassinations – report
Such assassinations and commando operations could lead to escalation and a gradual heating up of the situation, said sources.
By LIRAN HARONI, JERUSALEM POST STAFFMARCH 7, 2025 11:00Updated: MARCH 7, 2025 15:1
The IDF could move toward carrying out “high-level assassinations against key [Palestinian terrorist] figures and commando operations in populated areas” if mediation efforts regarding the second phase or extension of the first phase fail, Palestinian sources and Lebanese-based Al-Akhbar reported on Friday morning.
The sources further emphasized that such assassinations and commando operations could lead to escalation and a gradual heating up of the current situation.
Sources from Palestinian terrorist organizations also told Al-Akhbar that their military branches have instructed their operatives to take “the necessary security precautions, stop using wireless communications, and take the enemy’s threats seriously.”
The Al-Akhbar report claimed that Hamas phones are being turned off in the shadow of the faltering talks to extend the ceasefire.
Hamas’s calls for jihad
The spokesman for Hamas’s Al-Qassam Brigades, Abu Obeida, released a recorded interview on Thursday in which he referred to Ramadan as the “month of jihad.”
“The Palestinian resistance presented its stance to the world and to the mediators regarding the clauses of the ceasefire agreement – from the timing of the hostages’ release to the number of hostages freed and ensuring their safe and organized release,” he said.
“Despite Israel’s attempts to lie – we are still committed to the agreement out of respect for the blood of our martyrs and the promises to the mediators,” he continued.
“Israel has evaded many of its commitments regarding humanitarian aid, freedom of movement for Gazans, and continues its crimes both in the Gaza Strip and in the region proper,” he accused.
ISRAEL/USA/
US to use AI to revoke visas of students perceived as Hamas supporters – report
Reviews of social media accounts would be “particularly looking for evidence of terrorist sympathies expressed.”
By JERUSALEM POST STAFFMARCH 6, 2025 23:37Updated: MARCH 7, 2025 05:19
The US State Department plans on using artificial intelligence (AI) to revoke visas of foreign students who are perceived as supporters of Hamas terrorists, according to a Thursday Axios report citing senior State Department officials.
The AI-fueled “Catch and Revoke” effort will include AI-assisted reviews of tens of thousands of student visa holders’ social media accounts, the report added.
The report said the effort was launched by US Secretary of State Marco Rubio.
Rubio later posted to X/Twitter a statement condemning those who support terror organizations that threaten national security.
“Those who support designated terrorist organizations, including Hamas, threaten our national security. The United States has zero tolerance for foreign visitors who support terrorists. Violators of US law — including international students — face visa denial or revocation, and deportation,” Rubio wrote.
Accounts under examination
The Axios report noted that the reviews of social media accounts would be “particularly looking for evidence of terrorist sympathies expressed” after the Hamas October 7 attacks in 2023, according to officials.
Further, officials would reportedly “examine internal databases” to see if “any visa holders were arrested but allowed to stay in the country during the Biden administration.”
Axios added that officials were checking news reports of “anti-Israel demonstrations and Jewish students’ lawsuits that highlight foreign nationals allegedly engaged in antisemitic activity without consequence.”
END
SYRIA/CIVIL WAR:
‘Civil War Is Now Official’ – Syria Erupts Into Worst Bloodshed Since Assad’s Fall
Friday, Mar 07, 2025 – 06:55 AM
Any lingering delusions that Syria could emerge from its Western-imposed, regime-change victimhood and enter an era of peace and stability were obliterated on Thursday, as 48 people were killed in battles between supporters of the deposed Bashar al Assad government and the country’s new radical Islamist regime. As all-out civil war looms, increasingly disturbing sectarian violence has an important minority sect asking for Russian intervention to safeguard their lives.
In the town of Jableh, which lies in Syria’s coastal Latakia province, pro-Assad forces ambushed and killed 16 members of the regime’s security forces. In the ensuing retaliation, 28 pro-Assad militants and four civilians died, according to the London-based Syrian Observatory for Human Rights (SOHR). Latakia hold the highest concentration of Alawites — the minority sect of Islam that’s principally found in Syria, with the Assad family themselves being the most prominent members. Alawites comprise about 10% of the country’s population. Notably, the province is also home to the Russian-operated Khmeimim air base. The ambush targeted regime forces who’d carried an operation in rural Latakia aimed at arresting a former Assad government official.
The ambush was well-executed, according to a security official in Latakia. “[In] a well-planned and premeditated attack, several groups of Assad militia remnants attacked our positions and checkpoints, targeting many of our patrols in the Jableh area,” Mustafa Kneifati told German news outlet DW. Those pro-Assad forces are said to have included soldiers loyal to former Syrian army General Suheil al-Hassan, though it’s unknown whether Hassan himself participated in the battles. The fighting spanned over a period of hours, with regime security forces responding to the ambush with helicopter gunships and artillery.
Thursday’s fighting may be just a precursor to something far more intense: There are reports of large convoys of regime forces moving toward the Syrian coastal region.
The combat comes alongside rising sectarian violence, with Sunni militants victimizing Alawites who had long enjoyed peace as the Alawite Assad family ruled the country from 1971 until December 2024, when President Bashar al Assad fled as Sunni extremists took over. While the new government repeatedly warns against sectarian reprisals against Alawites, citizens say security forces themselves have engaged in executions, kidnappings and home seizures.
Videos are circulating on social media which purportedly show the horrors being visited on the Alawites. From a grisly video that’s said to show dozens of massacred Alawites in a heap, to another that’s described as capturing Sunnis shooting at the residences of Alawites in Homs province:
…while another is said to shows an Alawite’s body being dragged behind an SUV…
HTS is dragging the bodies of Alawites behind cars in Latakia. Utterly horrific. pic.twitter.com/vE46ze7e9y— Lindsey Snell (@LindseySnell) March 6, 202
…and this video is described as depicting civilians “armed by the Syrian government” menacing Alawite towns with loyalties to the fallen Assad government:
In addition to the Alawite ambush against regime forces, protests against the new Sunni regime erupted in several cities, including Latakia City and Tartous, with demonstrators demanding that regime forces withdraw from the area. Russia’s RT reports that Alawites are begging for Russia, the United Nations and the international community to protect them from attacks at the hands of regime forces and allies, whom they accuse of entering the coastal region “under the pretext of pursuing remnants of the [Assad] regime — while in reality, aiming to terrorize and kill the Syrian people in general and the Alawite community in particular.”
More significantly, RT said “civil war is now official,” pointing to a public declaration that establishes a new “Military Council for the Liberation of Syria.” Among the group’s goals:
- “Liberating all Syrian terrirtory from all occupying and terrorist forces”
- “Rebuilding strong institutions on national and democratic foundations”
- “Protecting the lives and property of Syrian citizens”
“We call on all Syrians, from different sects, regions and ethnicities, to join our ranks and stand with us in this historical stage,” the new group wrote.
Meanwhile, to the extent that Israel’s government wants Syria to become a failed state, there are smiles aplenty in Tel Aviv and Jerusalem as the chaos and bloodshed mount...
SYRIA/ISRAELOPINION
Why Israel Wants Syria To Become A Failed State
Thursday, Mar 06, 2025 – 10:35 PM
Authored by Ali Bakir via Middle East Eye
At a recent military ceremony in Israel, Prime Minister Benjamin Netanyahu made a provocative statement about the new Syrian government, outlining his nation’s strategy since the fall of the Assad government. His speech emphasized three key points.
Firstly, Netanyahu said Israel would not permit the new Syrian government to deploy forces south of Damascus, calling for the “full demilitarization” of that area – specifically Quneitra, Daraa and Sweida provinces.
Secondly, Netanyahu positioned Israel as a protector of the minority Druze community, aligning with Defense Minister Israel Katz’s recent statements about strengthening ties with “friendly populations” in southern Syria.
Thirdly, Netanyahu reiterated Israel’s commitment to occupying Syrian lands, asserting that Israeli forces would remain “indefinitely” in the buffer zone and Mount Hermon area.
This stance reinforces Israel’s ongoing agenda of territorial expansion and occupation, particularly in the Golan Heights. Netanyahu’s overarching goal appears to be the systematic weakening and fragmentation of Syria, ensuring it remains under Israeli occupation, devoid of a central government, and mired in sectarian conflict.
This environment of “controlled chaos” would prevent Syria’s recovery after more than a decade of war, turn it into a failed state, and empower Israel under the pretext of minimizing any potential threats from the new Syria.
Fragmenting Syria
This approach is not new. It has been a consistent element of Israeli policy since the state’s establishment, applied in various contexts and regions, including Lebanon.
Demilitarizing the area south of Damascus would hinder the Syrian government’s authority, potentially leading to a weakened state presence. This could enable the formation of Israeli-backed local militias pushing for a “state within a state”.
Israel’s strategy also aims to encourage other minority groups in northern Syria to challenge the Syrian government, thus fragmenting the country, even if only in a de-facto manner.
The explicit mention of the Druze community reflects Israel’s “alliance of minorities” doctrine, which seeks to forge alliances with minority groups in the region against the Sunni majority. This divide-and-rule policy fosters animosity, suspicion and sectarianism, using minorities as leverage to provoke violent responses from the majority.
Israel has previously employed this strategy in Lebanon, collaborating with the Christian and Shia communities. It is now attempting to do the same with Syria’s Druze, Kurds and Alawites. But this approach is destructive and counterproductive, ultimately harming both the minorities involved and those who seek to manipulate them.
Netanyahu’s demand for the demilitarization of southern Syria, coupled with Israel’s surge of air strikes on Syrian military positions, has not elicited a response from western countries or the broader international community. This lack of reaction is interpreted by Netanyahu as a green light to continue such policies.
From the new Syrian government, Israel’s provocative and aggressive actions have spurred a multifaceted response. Syrian President Ahmed al-Sharaa [aka Jolani] has balanced restraint with defiance, an approach shaped by several critical factors, including Syria’s weakened military, economic and political position; his need to maintain legitimacy as a leader, while extending state control to all Syrian territories; and the process of rebuilding the nation.
Symbolic resistance
The Syrian National Dialogue conference’s statement late last month rejected any territorial concessions, signaling to both Israel and Sharaa’s domestic audience that he would not bow to Netanyahu’s demand for demilitarization. The statement demanded Israel’s “immediate and unconditional withdrawal” from Syria – a symbolic act of resistance that reinforced Sharaa’s authority without risking an immediate confrontation.
On February 26, Sharaa visited Jordan and met King Abdullah II, who reiterated Amman’s support for Syria’s sovereignty and condemned Israel’s incursions. Sharaa’s third foreign trip since taking power, the visit points to an effort to build a regional coalition to counter Israel’s moves diplomatically, rather than militarily, especially as Jordan shares Syria’s concerns about border stability.
Sharaa’s restrained response also navigates domestic pressures. Protests in Quneitra, Daraa and Sweida against Netanyahu’s recent statement reflect public anger, but Sharaa has not mobilised these sentiments into action against Israel, as previous attempts by regional regimes have not ended well.
Sharaa has instead responded to Israel’s provocations with a mix of verbal condemnation, appeals for peace, and diplomatic manoeuvring, avoiding escalation while asserting Syria’s right to its territory. His previous vow to abide by the 1974 ceasefire deal encapsulates this approach.
But while this may grant Sharaa regional and international support, it could erode his internal legitimacy in the medium and long terms – and it is highly unlikely that it will be enough to deter Israel. Historically, Israel has interpreted calls for peace as a sign of weakness; an opportunity to aggressively pursue its expansive territorial ambitions.
Collective action
Given the complex situation in Syria, the response to Israel’s actions should be collective. The international community must uphold its responsibilities, and Arab nations should act together, as they stand to lose significantly if Israel succeeds in turning Syria into a failed state.
The Arab League, Jordan, Egypt, Saudi Arabia and Qatar, among others, have strongly condemned Israel. Most importantly, Turkey, a regional power with substantial stakes in Syria, has much to gain from a stable Damascus, and much to lose from Israeli aggression against Syria.
Since December, Turkey has responded to Netanyahu’s statements and Israel’s aggression with sharp condemnation. Emphasizing Syrian sovereignty, Turkish Foreign Minister Hakan Fidan has accused Israel of expansionism and undermining peace and stability “under the guise of security”.
Still, Ankara’s actions remain diplomatic and restrained, focusing on the Kurdish issue in northern Syria rather than confronting Israel directly. Turkey’s policy in this regard appears to be constrained by two key factors. One is the fate of the Syrian Kurdish People’s Protection Units (YPG), an offshoot of the Kurdistan Workers’ Party, which Ankara considers a terrorist group. The second is Turkey’s anticipated deal with US President Donald Trump to end American cooperation with the YPG.
Ankara is unlikely to engage significantly against Israel until these two issues are resolved, as an early confrontation could backfire with Trump and the hawkish pro-Israel officials in Washington. At the same time, avoiding confrontation with Israel could not only embolden Netanyahu, but also undermine Ankara’s credibility and transform Syria from an opportunity into a serious challenge for Turkey.
end
IRAN/USA
ZEROHEDGE
Trump Sends Letter To Ayatollah Urging Fresh Nuclear Negotiations
Friday, Mar 07, 2025 – 11:25 AM
President Donald Trump has sent a letter to Iran’s supreme leader Ali Khamenei, urging the negotiation of a new deal on the country’s nuclear program. The letter was conveyed on Thursday.
Trump himself revealed the overture in a Friday interview with Fox Business, a first such significant engagement of the administration with Tehran, which is somewhat surprising given Trump’s tone regarding Iran has been hawkish, especially on the prior campaign trail. Wide-ranging sanctions are still on the banking, energy, and defense sectors – and have been for years.
“I’ve written them a letter saying I hope you negotiate, because if we have to go in militarily, it’s going to be a terrible thing for them,” Trump confirmed to Fox Business’s Maria Bartiromo.
“The other alternative is you have to do something because Iran can’t have a nuclear weapon,” he followed with, echoing his prior message warning that Tehran can either sign a deal or potentially get bombed.
The International Atomic Energy Agency (IAEA) has described that the Islamic Republic’s current stockpile of 60% enriched uranium – if enriched to 90% – would be enough to produce six nuclear bombs.
Trump has recently brought back ‘maximum pressure’ on Iran, and has even this week advanced the possibility of cracking down on sanctions-busting Iranian oil exports on the high seas, using naval intervention. Clearly this is part of the big stick package of actions meant to push Tehran to the table.
An earlier Fox News interview in February marked the point at which Trump first laid out that Iran has two choices. “Everybody thinks Israel with our help or our approval will go in and bomb the hell out of them,” Trump had said at the time while discussing potential Israeli military action against Tehran.
“I would prefer that not happen. I’d much rather see a deal with Iran where we can do a deal, supervise, check it, inspect it,” the president continued.
That’s when he made one of the more provocative and threatening comments: “There’s two ways to stopping them: With bombs or a written piece of paper,” he had previously said.
The US is now increasingly worried that given last year’s tit-for-tat exchange of major strikes with Israel, Tehran leaders are more incentivized than ever to secretly develop a nuke.
However, the CIA has long assessed, even recently, that Iran’s leadership has not yet ordered the pursuit of a bomb. The Ayatollahs throughout the decades have also condemned atomic weapons as ‘unIslamic’.
But Iranian leaders have balked at Trump’s extended hand. While it’s unclear what the reaction will be from the newly sent letter, both the Iranian president and Ayatollah have earlier explained that a perfectly good deal was already in effect – the 2015 JCPOA under Obama – but that Trump unilaterally pulled the US out of it in April 2018.
The Ayatollah has said that Iran simply can’t trust Washington to abide by any deal, given any future administration can overturn it, just as Trump did.
RUSSIA VS UKRAINE/USA
USA now helps Russia in preventing Ukraine from hitting Russian assets deep in Russia and also Eastern Ukraine
(zerohedge0
Trump Exposes More Evidence Of Proxy War After Disabling Ukraine Access To U.S. Missile And Drone Systems
Thursday, Mar 06, 2025 – 07:15 PM
Authored by Sundance via The Last Refuge,
The media have not, and in most cases cannot, factually discuss what President Trump has just done without opening up a major can-of-worms about the motives behind the Ukraine war.
When President Trump stopped “intelligence sharing” with Ukraine, what he technically did was stop allowing Ukraine to use exclusive USA targeting systems controlled by U.S Intelligence, the CIA, the National Reconnaissance Office and the U.S. National Geospatial Intelligence Agency.
These terrain mapping systems, the missile and drone targeting systems, are what military forces inside Ukraine need to carry out offensive drone and missile attacks against Russian forces.
Some elements in Western Intel are leaking to media that Trump only cut-off the targeting system that would permit Ukraine to hit deep into Russian territory, including in Russia proper. However, the ‘Russian territory‘ as seemingly defined by the National Security Council includes most of Eastern Ukraine now.
In essence and material reality, the elements in Ukraine who are conducting war, and this includes U.K and U.S special forces, the CIA and various NATO allied military operators (not Ukraine military) can no longer effectively hit long-range Russian targets, without the U.S. targeting system that identifies it.
The real-time sharing of military grade GPS encryption keys has been stopped by the U.S. Commander in Chief, President Trump. Effective immediately without targeting system access, ATACMS, HIMARS, Storm Shadow and Taurus missile systems are no longer functional to those Ukraine operators (remember, those operators are not necessarily Ukranian).
Additionally, the drones that Ukraine has been using also rely on the same accurate, real-time, terrain-mapping satellite data that transmits back to the guidance systems. Without the U.S. encryption keys, what the media is obtusely calling “intelligence sharing,” all of the aforementioned attack systems are rendered moot. THIS IS HUGE.
The part that is really interesting to those who have followed the events of the past three years, is literally who has been in control of and deploying these missile and drone attack systems.
All of the intellectually honest researchers know that it is the USA (special forces) and to a lesser extent the collaborating U.K (special forces) who have been operating these systems. Yes, they have been training Ukranians, but they damned sure are not giving them the highly classified and tightly controlled encryption keys within the targeting system.
In reality, this means the USA/UK are the forces doing the actual fighting of consequence against Russia in the geography of Ukraine. A true and genuine proxy war between NATO and Russia has been ongoing. This stoppage of the missile/drone targeting system by President Trump is factually exposing this proxy war reality.
In the background of what President Trump is doing the NATO alliance, CIA and EU global intelligence operators well understand the ramifications. However, to discuss them openly is to expose the reality that US/UK/NATO have been controlling the war in Ukraine against Russia. Ukrainian President Volodymyr Zelenskyy is an irrelevant puppet to these military decisions, that’s why he can travel around doing his insufferable nonsense while a war is waged on his behalf.
Now, think about this dynamic very carefully because now we know President Trump and President Putin are talking to each other.
We know Vladimir Putin is well aware of how the Western targeting system is being used in Ukraine; he has talked about it openly and publicly. However, the West has never admitted it, because to do so would be to inform the public of the proxy war.
After the Biden/Harris team lost the election, on December 21st, 2024, drone attacks were launched from Ukraine into Kazan Russia {GO Deep}. Those attacks were intended to antagonize Russia and provoke a response.
With the new information we now have confirmation that these drone and missile strikes into Russia were factually attacks supported by U.S. targeting systems. The non-pretending reality = The USA attacked Russia using Ukraine.
All of this activity is clouded in this crazy level of pretending that Ukraine is able to defend itself with a little Western support. That has always been nonsense. NATO, the CIA and the global IC has been in control of the war fighting from the outset. Again, all the new information aligns with this now demonstrably accurate reality.
It was the USA who launched the December drone attacks into Kazan, Russia, using the geography of Ukraine as the launch origination. Additionally, it was the USA who recently (Feb 18th) launched drone/missile attacks against Western interests while Secretary Rubio was meeting with Russian emissaries in Riyad, Saudi Arabia.
Drones from Ukraine attacked a pumping station responsible for transporting oil through the Caspian Pipeline Consortium (CPC). This is not exclusively a Russian oil infrastructure asset. This is partly a western asset belonging to American energy corporations. As noted by Medvedev: “In 2024, American businesses accounted for over 40% of CPC oil shipments, and together with other Western companies, their total share exceeded 65%.”
Now, think carefully about what the Western control elements behind the Ukraine military operations are doing. “They” are, essentially, using U.S. provided military weapons, to target energy infrastructure -ancillary to Russia- that is owned by American corporations. Who are “they”?
Again, step back and look at the larger geopolitical dynamic.
President Trump, and by extension his team, knows the USA has been carrying out the drone/missile attacks from inside Ukraine. President Vladimir Putin, and by extension his team, knows the same.
President Trump is in direct conversation with President Vladimir Putin. Does this put the context of their conversations into a different light?
Everyone behind President Trump has to retain pretenses, or there’s going to be a big shit-hitting-fan moment, when a frustrated Trump spills the beans about the USA level of control in the Ukraine v Russia operation.
Knowing the USA/UK/NATO/CIA and Western Intel are conducting the offensive military operations you can only imagine how those “proxy war” control agents are freaked out about Trump and Putin talking to each other.
♦ From the Russian Perspective – In the mind of Putin he now sees President Trump stopping NATO/EU/CIA/UK forces from being able to reach Russia with any attack system.
They don’t need to discuss it, and likely would not, but Putin’s people clearly can see that Trump’s people have stopped the West from their ability to hit Russia with anything.
An unspoken trust is being established through actions, not words. That’s a radical shift, and pretty cool all things considered.
Bad actors within the government Donald Trump now represents have attacked Russia. Donald Trump wants it all to stop. Zelenskyy is the front face of the pretense that Donald Trump has to navigate. The UK/NATO/CIA are still propping Zelenskyy up.
♦ WATCH FOR THIS – The U.S. is still sharing the targeting information with the U.K. However, if the NATO/EU/UK/CIA use the targeting system it will be very obvious; attacks against ‘Russian territory’ be visible. That’s all the proof needed.
If any long-range missile/drone operations continue, then someone is violating the Trump order. There is no other way to look at it.
At that point, something rather radical is likely to be announced by President Trump that shreds every facet of the U.S. relationship with NATO, the UK and even the Five-Eyes consortium.
Geopolitically, every player mentioned is well aware of this dynamic. Hence, the apoplexy we are witnessing.
This is a very interesting dynamic to watch closely.
END
Putin Said To Be “Ready To Agree” To Ceasefire… With Conditions That Are Unacceptable To Ukraine
Friday, Mar 07, 2025 – 11:25 AM
The game of headline pong is firing on all cylinders this morning, because moments after stocks slumped and oil spiked after Trump threatened new tariffs on Russia (even though virtually every possible product and service out of Russia is already sanctioned and tariffed by Western nations), Bloomberg reported the opposite, claiming that Putin is “willing to discuss a temporary truce in Ukraine, provided there is progress toward a final peace settlement” citing Russian sources.
Algos read “temporary truce” and immediately slammed toil, the same oil they had spiked just an hour earlier after Trump’s threat.
The only problem is that they did so before reading the rest of report which basically said… well, nothing new at all, to wit:
In the first signal of a positive response from President Vladimir Putin to US counterpart Donald Trump’s call for a ceasefire, the offer was conveyed at last month’s talks in Saudi Arabia between top Russian and American officials, the people said, asking not to be identified discussing internal policy. In order to agree to a cessation of hostilities, there would have to be a clear understanding about the framework principles of the final peace accord, two people with knowledge of the matter said.
… and the punchline
Russia will insist in particular on establishing the parameters of an eventual peacekeeping mission, including agreement on which countries would take part, said another person familiar with the issue.
…
Russia has said it won’t accept the presence of NATO troops on Ukrainian soil, rejecting a proposal by European countries to put together a “coalition of the willing” to help monitor any peace accord. It doesn’t object to countries such as China that have been neutral in the conflict deploying forces to Ukraine, the two people said.
In other words, this is about as actionable as Zelensky saying he will resign as president the moment Ukraine enters NATO, which of course is a non-starter to Russia. Likewise, Russia’s “conditions” for a ceasefire are completely unacceptable (at least as of this moment) to Europe.
And just to underscore this, Russia on Thursday rejected a Franco-British plan for a partial one-month truce covering air and maritime operations including a halt to strikes targeting energy infrastructure.
The details emerged as the US and Ukraine plan to meet in Saudi Arabia next week for their first direct talks since Trump’s Oval Office bust-up with President Volodymyr Zelenskiy last week. US special envoy Steve Witkoff said the meeting aims to reach “a framework for a peace agreement and an initial ceasefire.”
Since his Jan. 20 inauguration, Trump has overturned US policy on Russia’s invasion of Ukraine to try to bring a rapid end to the three-year-long war that’s Europe’s worst conflict in 80 years. He held phone talks with Putin last month and the pair agreed to hold a summit, though no date has been set yet. Trump abandoned US support for Ukraine’s eventual entry into NATO, and his top officials said it was unrealistic to expect a return of all Ukrainian territory seized by Russia since 2014.
After the confrontation with Zelenskiy at the White House, Trump paused military aid to Ukraine and has suspended some intelligence-sharing with Kyiv, shocking European allies who say the US risks rewarding Russia’s aggression in starting the February 2022 invasion.
Putin has repeatedly brushed aside Trump’s bid for a quick halt to the war. During his annual news conference in December, he said: “We don’t need a truce — we need peace: long-term, durable, with guarantees for the Russian Federation and its citizens.”
Earlier:
US and Russian delegations have in the last three weeks had two rounds of ‘successful’ face-to-face talks, but President Trump is trying to keep up the pressure on Moscow, also as preparations are reportedly moving fast toward a landmark Trump-Putin bilateral meeting.
Trump sent a strong warning and message on Friday, writing on Truth Social, “Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED.”
Of course, there are already far-reaching sanctions on Russia’s banking sector, but the threat of more punitive action to come on top of what Biden put in place was accompanied by a warning to get to the table before it’s “too late”.
“To Russia and Ukraine, get to the table right now, before it is too late,” Trump added. This message seemed also geared toward building or maintaining leverage. These “large-scale” sanctions would be on top of an already significant and unprecedented sanctions regimen applied as a result of the Ukraine war.
Yet Trump plainly spoke the reality during last Friday’s meeting with Zelensky at the White House – stressing multiple times that Ukraine has “no cards” to play. Indeed as far as battlefield momentum goes, Russia holds all the cards.
Much of the international media has been focused on back-and-forth statements on the diplomatic front, but the Kremlin has continued proclaiming consistent gains in the Donbass area. As for the latest TASS reports Friday:
Russian troops liberated four communities in the Donetsk region over the week of March 1-7 in the special military operation in Ukraine, Russia’s Defense Ministry reported on Friday.
“Battlegroup Center units improved their tactical position and liberated the settlement of Andreyevka in the Donetsk People’s Republic… Battlegroup East units kept advancing deep into the enemy’s defenses and liberated the settlements of Skudnoye, Burlatskoye and Privolnoye in the Donetsk People’s Republic,” the ministry said in a statement.
Overnight also saw more major Russian strikes on Ukraine’s energy infrastructure. This included more drone assaults.
Russia’s defense ministry newly states that “Last night, the Russian Armed Forces delivered a combined strike by air-launched, sea-and ground-based long-range precision weapons and unmanned aerial vehicles on facilities of gas and power supply infrastructure of Ukraine’s military-industrial sector. The goal of the strike was achieved. All the targets were struck.”
As for potential new Russia sanctions, the timing is a bit ironic and Moscow is likely to pass over it in silence, seeing in it a ‘bluff’ toward building up negotiating leverage.
After all Trump actually started the week by drawing up options for sanctions relief on Russia. He’s doing a carrot-and-stick approach for both the Moscow and Kiev sides, it appears. The Kremlin is unlikely to take this new threat very seriously.
END
UKRAINE/USA
Trump Says He’s Considering Revoking Protected Status For Ukrainians In The US
Friday, Mar 07, 2025 – 03:25 PM
Authored by Jacob Burg via The Epoch Times,
President Donald Trump said on March 6 that he’s considering whether to rescind the temporary protected status for thousands of Ukrainians who fled to the United States during their country’s war with Russia.
Early on that day, Reuters reported that the Trump administration was moving to revoke temporary protected status for roughly 240,000 Ukrainians sheltering in the United States after Russia’s 2022 invasion, which could potentially lead to their deportation. Hours later, White House press secretary Karoline Leavitt disputed the report and said a decision had not yet been made.
Trump reiterated that his administration was considering the move.
“We’re not looking to hurt anybody, and we’re certainly not looking to hurt them,” Trump told reporters in the Oval Office.
“And I’m looking at that, and there were some people that think that’s appropriate, and some people don’t, and I’ll be making a decision pretty soon.”
The president said Ukrainians had “gone through a lot” since the war began.
In January, the Biden administration said it was extending temporary protected status for Ukrainians until October 2026 “due to armed conflict and extraordinary and temporary conditions in Ukraine that prevent individuals from safely returning.”
President Joe Biden had expanded these kinds of programs to create temporary legal pathways, using them as humanitarian relief.
Trump campaigned on ending these programs, saying they went beyond the scope of U.S. law.
His administration has also pursued other actions limiting temporary legal pathways, including suspending the refugee program and the temporary protected status of roughly 600,000 Venezuelans living in the United States.
Homeland Security Secretary Kristi Noem, who ordered the Venezuelan suspensions on Jan. 28, said the action shows “we were not going to follow through on what [Biden] did to tie our hands, that we are going to follow the process, evaluate all of these individuals that are in our country, including the Venezuelans that are here.”
Trump also signed an executive order on Jan. 20 directing the Department of Homeland Security (DHS) to “terminate all categorical parole programs that are contrary to the policies of the United States established in my Executive Orders, including the program known as the ‘Processes for Cubans, Haitians, Nicaraguans, and Venezuelans.’”
Trump’s consideration of revoking Ukrainians’ temporary protected status comes as his administration engages in high-stakes negotiations with Ukrainian President Volodymyr Zelenskyy on a cease-fire plan to end the Russia-Ukraine war.
On March 3, days after Trump and Zelenskyy’s highly publicized clash in the White House, the Trump administration paused all U.S. military aid to Ukraine. Zelenskyy announced hours later that talks between Ukraine and the United States on a mineral rights deal would soon resume.
END
6.GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
this is big!!
This has been what we expected: no such thing as long covid/it is really vaccine injury!!
“Sudden And Unexpected” on X: “American virologist Dr. Robert R. Redfield, who served as the director of the U.S. Centers for Disease Control and Prevention (CDC) during the pandemic, has admitted that reports of “so-called Long Covid” are actually a cover-up for global surges of “mRNA vaccine injury.” https://t.co/HQKk7kDjzs” /
Insane! Why did we have to take these jabs? How many have suffered as a result?
https://x.com/toobaffled/status/1897576103591735634
Mark Crispin Miller:
PAUL ALEXANDER
SLAY NEWS
NEWS ADDICTS
| Horror: 9 Students Who Disappeared During Vacation in Mexico Found Dismembered on Side of Road – EVOL |
| Read more… |
| JD Vance and Mike Johnson Caught Talking on Hot Mic Before Trump’s Address to Congress – EVOL |
| Read more… |
| Russian Missiles Strike Cargo Ship in Odesa Carrying UK Weapons – 150 Troops, 30 ‘Foreign Instructors’ Killed – EVOL |
| Read more… |
| Arsonists Destroy Tesla Charging Stations as Dems Incite Violence Against Elon Musk – EVOL |
| Read more… |
| Abbey Gate Mastermind Arrives in US to Face Justice for Bombing That Killed 13 Americans – EVOL |
| Read more… |
| Supreme Court Denies Trump Admin Request to Halt $2 Billion in Foreign AidThe Supreme Court on Wednesday dealt a significant blow to the Trump administration when it ruled that the federal government must pay out $2 billion to U.S. Agency for International Development (USAID) contractors.In a 5-4 decision, the Supreme Court rejected an emergency application from the Department of Justice seeking to overturn a district court judge’s demand that the administration unfreeze …READ THE FULL REPORT |
| STUPID VIDEO – This is as DUMB a take as you will see on Al Green being forced to leave Trump’s address to CongressThis is about as stupid a take as you will see on a-hole Democrat Al Green getting taken out of President Trump’s address to Congress last night. Democrat Lateefah Simon from California claims we are going back to the Jim Crow 1950s because Green was told to sit down and was then forced to leave President Trump’s address last night. …READ THE FULL REPORT |
| Horror: 9 Students Who Disappeared During Vacation in Mexico Found Dismembered on Side of RoadNine students who went missing late last month during a vacation in southern Mexico were found dismembered on the side of a highway this week.Authorities found the deceased victims in a trunk of an abandoned car on the side a road on the border of Puebla and Oaxaca. A bag of severed hands was discovered nearby.The victims, who were all …READ THE FULL REPORT |
| JD Vance and Mike Johnson Caught Talking on Hot Mic Before Trump’s Address to CongressVice President J.D. Vance and House Speaker Mike Johnson were caught on a hot mic Tuesday night ahead of President Donald Trump’s speech to Congress.The two senior Republicans were heard anticipating the address, with the latter reflecting on how he disliked sitting through now-former President Joe Biden’s speeches to lawmakers.“By the way, I think the speech is going to be …READ THE FULL REPORT |
| Russian Missiles Strike Cargo Ship in Odesa Carrying UK Weapons – 150 Troops, 30 ‘Foreign Instructors’ KilledWhile the Peace Process between the US and Russia advances at a rapid pace heading to a détente, and the specific thorny issue of a resolution to the Ukraine conflict is surrounded by levels of geopolitical confusion, the war proceeds.Every bit as bloody and ruthless as before.Deputy chairman of the Security Council of Russia Dmitry Medvedev, known for his maximalist …READ THE FULL REPORT |
EVOL NEWS
| The latest reports from Slay NewsIndia Issues Emergency Warning as Deaths Surge Among Covid-VaxxedAn emergency warning has emerged from India after some of the country’s leading scientists identified an alarming surge in deaths among the Covid-vaccinated population.READ MOREBill Gates-Linked Lab-Grown ‘Milk’ to ‘Debut’ in American Food SupplyA Boston-based startup is promising to “save the planet” from “climate change” by flooding the food supply with lab-grown “milk” for general public consumption.READ MOREDNC Hires Anti-American Far-Left Activist to ‘Turbocharge’ Democratic PartyThe Democratic National Committee (DNC) has hired a divisive anti-American leftist to supposedly help the party reconnect with voters.READ MOREJames Carville Melts Down, Says Trump Driving Him to ‘Punch the Computer Screen in Frustration’Veteran Democrat strategist James Carville has revealed that President Donald Trump is triggering him to the brink of violent outbursts.READ MOREKristi Noem Warns of ‘Consequences’ for Criminal Illegal Aliens amid ICE Deportation EffortsDepartment of Homeland Security (DHS) Secretary Kristi Noem has warned criminal illegal aliens that they face “consequences” as deportation efforts ramp up across the country.READ MOREHHS Employees Given Until Next Friday to Apply for Early Retirement amid Federal DownsizingThe U.S. Department of Health and Human Services (HHS) has informed employees that they may apply for early retirement by Friday, March 14.READ MORESenator Joni Ernst’s Office Denies Affair Allegations: ‘Slanderous Lie’The office of Republican Senator Joni Ernst (R-IA) is forcefully denying recent reports of alleged improper relationships with high-ranking military officials, dismissing them as “a slanderous lie.”READ MOREDisgraced Democrat ‘Super Mayor’ Tiffany Henyard Hit with New Subpoena as Fresh Corruption Allegations EmergeTiffany Henyard, the embattled Democrat mayor of Dolton, Illinois, has been served with a new subpoena as fresh allegations of corruption are now piling up.READ MOREDemocrat Rep Shredded by Fox News Contributor for Mocking JD Vance’s Military ServiceFox News contributor Joey Jones shredded Democrat Rep. Seth Moulton (D-MA) after the congressmen attempted to mock Vice President J.D. Vance’s military service.READ MOREJoy Behar Melts Down Over Trump Shaking Hands with Chief Justice Roberts: ‘Really Stopped My Heart’Co-host Joy Behar suffered a meltdown on “The View” after seeing President Donald Trump shaking hands with Supreme Court Chief Justice John Roberts.READ MOREDOGE Terminates Lease for Obama Presidential LibraryPresident Donald Trump’s Elon Musk-led Department of Government Efficiency (DOGE) has terminated the lease at the Obama Presidential Library site.READ MORECNN’s Data Guru Shocked by Trump’s Approval Numbers: Polling on a ‘Different Planet’ to BidenCNN’s senior political data analyst Harry Enten was left shocked while reporting on President Donald Trump’s approval rating over his handling of the Ukraine-Russia war.READ MORE‘Squad’ Member Claims Democrats Showed ‘Enormous Respect’ for Child Cancer Survivor by Refusing to Stand & ClapRadical “Squad” member Rep. Greg Casar (D-TX) has claimed that the Democrats were actually showing “enormous respect” when they refused to stand and clap for a young brain cancer survivor.READ MORE |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
Now You See Them, Now You Don’t
Friday, Mar 07, 2025 – 11:10 AM
By Philip Marey, Senior US Strategist at Rabobank
The global bond sell off continued yesterday. Bund yields continued to rise and peaked at almost 2.93% early on Thursday, as the usually austere country is planning for a huge increase in defense spending. The 10 year US treasury yield continued its rebound from the 4.10% low on Tuesday and peaked at 4.34% yesterday. The 10 year Japanese government bond yields continued to rise and peaked at 1.545%.
At yesterday’s EU summit in Brussels, which included Ukrainian president Zelensky, all 27 leaders of Europe greenlit proposals that could free up billions of euros to boost defense spending. Except for Orban, 26 leaders signed a text calling for a peace deal that respects Ukraine’s independence, sovereignty and territorial integrity, while including Ukraine in the neogotiations. Meanwhile, Russian president Putin reminded Macron (‘Micron’) of Napoleon’s ill-fated Russia campaign in 1812.
In the US, President Trump questioned Article 5 again and Europe’s willingness to come to America’s rescue. He clearly missed that so far only the US has invoked Article 5 in reaction to 9/11 and that over 1,000 European soldiers lost their lives fighting alongside US forces in Afghanistan. Trump also questioned the US defense treaty with Japan, conveniently forgetting that after WW2 the US forced Japan to become semi-pacifist.
Yesterday, the ECB cut the deposit facility rate by 25 basis points to 2.50%. The ECB signalled that today’s rate cut will probably be one of the last in this cycle. We have postponed our forecast for the final rate cut from April to June, but the prospect for further cuts hinges on US trade policy and European defence spending. The ECB’s growth forecasts were revised down, factoring in uncertainty about trade policy. However, the ECB did not specify how much of this uncertainty was factored into the inflation estimates. More importantly, the forecasts are already outdated – primarily owing to Europe’s initiatives to increase defence spending. For more details, please read Bas van Geffen’s ECB postmeeting comment.
A day after Trump gave the auto industry a one month delay from the 25% tariffs on Canada and Mexico, other sectors that are USMCA-compliant also got a reprieve. In response, Canada said it would not proceed with the second installment of retaliatory tariffs on $87 billion of imports from the US later this month. However, Canada left in place the first installment of tariffs on $21 billion of goods, such as fruits, vegetables, household appliances and alcohol. Given the complexity of the USMCA compliance rules, estimates of the share of traded goods that are USMCA-compliant vary wildly. However, a White House official put it at 50% for Mexico and 38% for Canada. Some experts would attach a higher figure for Canada though. Anyway, this still means that the 25% tariffs continue to apply for a large fraction of imports from Canada and Mexico.
At the Wall Street Journal’s CFO Network Summit yesterday, Fed Governor Waller said that Fed rate cuts can come either after good news of falling inflation or after bad news. He said “I’m still kind of believing that the good news rate cuts are in place.” Waller said he wouldn’t support lowering interest rates in March, but sees room to cut two, or possibly three, times this year. He admitted that there are early signs the economy could be slowing, but those aren’t yet borne out by the most-watched economic figures.
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/
this is big!!!
US Considers Plan To Disrupt Iran’s Oil With Navy Interventions On High Seas
Thursday, Mar 06, 2025 – 06:50 PM
The Trump White House is currently considering a plan that would take the recently reinstated ‘maximum pressure’ campaign back to the high seas, akin to Trump’s first term as Commander-in-Chief.
This would involve US Navy ships stopping and inspecting Iranian oil vessels transiting the sea under an international mechanism aimed at thwarting “spread of weapons of mass destruction (WMDs),” sources in Reuters said. This had been done at times under Biden as well.
The idea is to crack down once again on Iranian oil sales in order to cut off crucial funding for Iran’s nuclear energy program, which both Israel and Washington suspect could easily be converted to an atomic weapons program.
“Trump officials are now looking at ways for allied countries to stop and inspect ships sailing through critical chokepoints such as the Malacca Strait in Asia and other sea lanes. That would delay delivery of crude to refiners. It could also expose parties involved in facilitating the trade to reputational damage and sanctions,” the sources told Reuters.
“You don’t have to sink ships or arrest people to have that chilling effect that this is just not worth the risk. The delay in delivery… instills uncertainty in that illicit trade network,” one source clarified.
The legal mechanism reportedly being examined goes all the way back the ‘war on terror’ 2003 Proliferation Security Initiative, which seeks to prevent the trafficking of WMDs. (Nevermind that the Bush-era ‘Iraqi WMDs’ scare was based on a complete myth and lie advanced by the NeoCons at the time).
“This mechanism could enable foreign governments to target Iran’s oil shipments at Washington’s request,” another source told Reuters.
The Biden administration had at times also sought to seize Iranian oil shipments, especially to disrupt sales in places like China, or also Syria.
As for the Syria situation, this policy helped tighten the noose around Assad in Western regime change efforts which led to his ouster – but the Syrian people continue to starve and be largely without fuel.
The US Treasury Department has frequently alleged that the Islamic Republic maintains a “shadow fleet” which sends Iranian crude oil worth hundreds of millions of dollars abroad. Tehran in response has argued it is fully its right to sell its energy resources utilizing international waters and passage.
Last month, US Treasury Secretary Bessent first indicated US is aggressively targeting Iranian efforts to use oil revenues to bolster its nuclear program, develop ballistic missiles, and support its terror proxies. Will this serve to bring Tehran and the Trump administration to the negotiating table?
It looks calculated to do so, at least. Trump would like a new, better deal which would allow international monitoring of Iran’s nuclear facilities. But Tehran has underscored that Trump already pulled out of the JCPOA nuclear deal in 2018, which effectively did just that.
END
SO IS THIS!!
“Maximum Security For US”: DoE Head Plans $20 Billion Refill Of Depleted SPR After Biden Drain
Friday, Mar 07, 2025 – 10:25 AM
West Texas Intermediate (WTI) prices have fallen to levels where the Trump administration sees a massive opportunity to begin refilling the nation’s depleted Strategic Petroleum Reserve (SPR). The move comes as WTI prices slide on President Trump’s ‘Drill Baby Drill’ energy policies, mounting US growth fears, trade wars, easing tensions in the Middle East, and confirmation that OPEC+ will proceed with an output hike.
US Energy Secretary Chris Wright told Bloomberg in an interview that the Energy Department is preparing to purchase $20 billion worth of crude oil as the first step in refilling the nation’s depleted SPR to a sufficient level. He said the initiative, which may take years, would restore holdings “just close to the top.”
The initiative, which may take years, would restore holdings “just close to the top” to maintain efficient operating status, Wright said in an interview on Thursday in Louisiana after touring a natural-gas export plant. Trump said he planned replenish the Strategic Petroleum Reserve during his inaugural address in January, part of a broad embrace of conventional energy that’s also included pledges to boost domestic oil production and roll back regulation. The storage facility — the largest of its kind — is meant to provide a cushion to guard against crude supply disruptions. “Ultimately, that’s what it was built for — to have the maximum security for the American people,” Wright said. -BBG
Wright’s plan to refill the SPR and fulfill Trump’s energy security mandate comes as crude prices fall to the lowest in almost six months as traders wrestle with conflicting signals on the longevity and effects of US tariffs.
For the third week in a row, the Trump administration did not add to the SPR…
Under Biden’s first term, the reckless administration dangerously drained the SPR from around 650 million barrels to about 395 million.
Bloomberg noted, “Congress will need to approve funding to refill the system, which isn’t guaranteed. Energy Department funds for purchases ran out after the Biden administration bought about 60 million barrels.”
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
SOUTH AFRICA/USA
US Halts Aid To South Africa ‘Immediately’ As Trump Offers Fast-Tracked Citizenship For Persecuted White Farmers
by Tyler Durden
Friday, Mar 07, 2025 – 09:35 AM
President Trump on Friday announced the stoppage of all federal funding and foreign aid to the country of South Africa. The State Dept order went out on Thursday, and on Friday Trump took to Truth Social to blast the country’s “terrible” treatment of its farmers, which has included “confiscating their land and farms” and “much worse” (an apparent reference to the years-long trend of White farmers being killed).
While Trump has been hinting at such actions for a while now, he’s declared a new asylum policy concerning South Africa and its embattled farmers: “To go a step further, any Farmer (with family!) from South Africa, seeking to flee that country for reasons of safety, will be invited into the United States of America with a rapid pathway to Citizenship.” He then clarified this initiative takes effect “immediately”.
Thursday’s State Dept cable implements Executive Order 14204 immediately suspending aid disbursements to South Africa, though with reportedly some minimal exceptions – such as a global US-sponsored HIV/AIDS program which is very active in the country.
“To effectively implement EO 14204, all bureaus, offices and missions shall pause all obligations and/or dispersion of aid or assistance to South Africa,” the cable which is signed by the secretary of state Marco Rubio reads.
Rand tumbles on Trump’s new statement slamming South Africa…
All of this has sparked deep controversy and pushback among Dems, especially given Elon Musk has blasted his native country for “openly racist policies” targeting Whites.
There’s been widespread belief that Musk has influenced the White House on South Africa policy, given also that the State Department cable specifically cites “unjust racial discrimination” against white Afrikaners.
While White South Africans make up some 9% of the country’s nearly 60 million citizens, they still disproportionately control much of the nation’s land and wealth. Black organizations have advocated in some instances taking it back by force, blaming the prior apartheid regime before it ended in the early 1990s.
We’ve previously explained that the following question presents a conundrum for the mainstream media, which prefers to simply pass over the issue in silence: what happens when white people are the minority under attack?
That’s a question that’s simply not acceptable according to the establishment media, and any suggestion that such a thing is possible is treated as an act of xenophobia. White people can never be considered a “marginalized minority”. This is the contradiction the western public often encounters when the issue of South Africa is broached.
And more of our recent and prior coverage can be found here:
- Musk Slams ‘Genocidal Lunatic’ South African Leader For ‘Chanting Kill The White Farmers’
- White South Africans Face Crime And Torture But Still Believe US And Europe Face Darker Future
- Trump’s Pressure Campaign Against South Africa Is About More Than Just The Boers
- It’s A “Matter Of Life And Death” – White South African Farmers Seek Refuge In Russia
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS FRIDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0845 UP 58 BASIS PTS
USA/ YEN 147.76 DOWN 0.385 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 1.2911 UP 0.0028 OR 28 PTS
USA/CAN DOLLAR: 1.4327 UP 0.0034(CDN DOLLAR DOWN 34 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 8.55 PTS OR 0.25%
Hang Seng CLOSED DOWN 138.41 PTS OR 0.57%
AUSTRALIA CLOSED DOWN 1.78%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 138.41 PTS OR 0.57%
/SHANGHAI CLOSED DOWN 8.55 PTS OR 0.25%
AUSTRALIA BOURSE CLOSED DOWN 1.78%
(Nikkei (Japan) CLOSED DOWN 817.76 PTS OR 2.17%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2921.35
silver:$32.47
USA dollar index early FRIDAY morning: 103.28 DOWN 24 BASIS POINTS FROM THURSDAY’s CLOSE.
FRIDAY MORNING NUMBERS ENDS
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And now your closing FRIDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.335 % DOWN 7 in basis point(s) yield
JAPANESE BOND YIELD: +1.487% DOWN 2 FULL POINTS AND 2/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.473 DOWN 7 in basis points yield
ITALIAN 10 YR BOND YIELD 3.879 DOWN 7 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.8130 DOWN 7 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0874 UP .0086 OR 86 basis points
USA/Japan: 147.22 DOWN 0.923 OR YEN IS UP 92 BASIS PTS//
Great Britain 10 YR RATE 4.674 DOWN 4 BASIS POINTS //
Canadian dollar DOWN .0060 OR 60 BASIS pts to 1.4352
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The USA/Yuan UP T0 7.2368, CNY ON SHORE ..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE UP TO 7.2361:
TURKISH LIRA: 36.44EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.505
Your closing 10 yr US bond yield DOWN 5 in basis points from THURSDAY at 4.230% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.540 DOWN 1 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.931 DOWN 5 BASIS PTS.
GOLD AT 11;00 AM 2920.50
SILVER AT 11;00: 32.36
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 2.96 pts or 0.03%
GERMAN DAX: DOWN 56.57 PTS OR 0.93%
Paris CAC CLOSED DOWN 410.54 or 1.75%
Spain IBEX CLOSED UP 20.90 PTS OR 0.17%
Italian MIB: CLOSED DOWN 186.80PTS OR 0.48%
WTI Oil price 67.82 11 EST/
Brent Oil: 70.76 1:00 EST
USA /RUSSIAN ROUBLE /// AT: 88.93 ROUBLE UP 0 AND 7/ 100
GERMAN 10 YR BOND YIELD; +2.8130 DOWN 4 BASIS PTS.
UK 10 YR YIELD: 4.674 DOWN 4 BASIS POINTS
CDN 10 YEAR RATE: 3.060 DOWN 1 BASIS PTS.
CDN 5 YEAR RATE: 2.706 DOWN 3 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0845 UP 0.0058 OR 58 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2923 UP .0040 OR 40 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.6364 DOWN 4 BASIS PTS//
JAPAN 10 YR YIELD: 1.499
USA dollar vs Japanese Yen: 148.02 DOWN 0.126 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4364 UP 0.0072 BASIS PTS CDN DOLLAR DOWN 72 BASIS PTS
West Texas intermediate oil: 67.05
Brent OIL: 70.34
USA 10 yr bond yield UP 4 BASIS pts to 4.317
USA 30 yr bond yield UP 4 BASIS PTS to 4.618%
USA 2 YR BOND: UP 3 PTS AT 3.994
CDN 10 YR RATE 3.060 DOWN 3 BASIS PTS
CDN 5 YEAR RATE: 2.714 DOWN 3 BASIS PTS
USA dollar index: 103.78 DOWN 0.25 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 36.47 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 90.000 UP 1 AND 00/100 roubles
GOLD 2907.25 (3:30 PM)
SILVER: 32.48 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 222.64 PTS OR 0.52%
NASDAQ 100 UP 148.74 PTS OR 0.74%
VOLATILITY INDEX: 22.51 DOWN 1.36 PTS OR 5.78%
GLD: $ 268.39 OR UP 0.14 PTS OR 0.05%
SLV/ $29.59 PTS OR DOWN 0.10 OR 0..34%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 149.94 OR 0.61%
end
TRADING today ZEROHEDGE/JOBS REPORT
“Not As Bad As Feared”: US Adds 151K Jobs In February As Unemployment Rate Rises To 4.1%
Friday, Mar 07, 2025 – 08:53 AM
In our payrolls preview we said that contrary to whisper expectations of a 122K number, and even more widespread mumbled expectations of a negative print, the actual February number would “not be as bad as feared” (contrary to last month when we correctly warned the number would be a disaster), and sure enough moments ago the BLS reported that in February the US added 151K jobs, up from the (downward revised) 125K in January, just below the consensus estimate and well above the whisper number.
The change in total nonfarm payroll employment for December was revised up by 16,000, from +307,000 to +323,000, and the change for January was revised down by 18,000, from +143,000 to +125,000. With these revisions, employment in December and January combined is 2,000 lower than previously reported.
The unemployment rate rose to 4.1%, from 4.0% in January, just above the consensus estimate of 4.0% as the number of unemployed people, at 7.1 million, was little changed little in February. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024. Among the major worker groups, the unemployment rate for Whites (3.8%) increased in February. The jobless rates for adult men (3.8%), adult women (3.8%), teenagers (12.9%), Blacks (6.0%), Asians (3.2%), and Hispanics (5.2%) showed little change over the month.
More notably, the Underemployment rate jumped to 8%, its highest level since October 2021, as household employment dropped by 588k as noted above. As RJ Obrien’s John Brady notes, “the jump in broad unemployment is pretty noteworthy.“
Looking at the household survey, the number of employed workers dropped by 588K after soaring in January; the number of unemployed workers rose by 203K from 6.849MM to 7.052MM.
Average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3%, to $35.93, in line with estimates. Over the past 12 months, average hourly earnings have increased by 4.0%, below the 4.1% expected. In February, average hourly earnings of private-sector production and nonsupervisory employees rose by 9 cents, or 0.3 percent, to $30.89. In February, the average workweek for all employees on private nonfarm payrolls was unchanged at 34.1 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.6 hours.
Some more details from the report:
- The number of long-term unemployed (those jobless for 27 weeks or more), at 1.5 million, changed little in February. The long-term unemployed accounted for 20.9 percent of all unemployed people.
- The employment-population ratio decreased by 0.2 percentage point to 59.9 percent in February but showed little change from a year earlier. The labor force participation rate, at 62.4 percent, changed little over the month and over the year.
- The number of people employed part time for economic reasons increased by 460,000 to 4.9 million in February. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs.
- The number of people not in the labor force who currently want a job increased by 414,000 to 5.9 million in February. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.
- Among those not in the labor force who wanted a job, the number of people marginally attached to the labor force, at 1.7 million, changed little in February. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, decreased by 128,000 to 464,000 in February.
Digging deeper we find that manufacturing jobs, a closely tracked category, increased by 10K, the first increase since November.
Here is the full breakdown of jobs by sector:
- Total nonfarm payroll employment rose by 151,000 in February, similar to the average monthly gain of 168,000 over the prior 12 months. In February, employment trended up in health care, financial activities, transportation and warehousing, and social assistance. Federal government employment declined.
- Health care added 52,000 jobs in February, in line with the average monthly gain of 54,000 over the prior 12 months. In February, job growth continued in ambulatory health care services (+26,000), hospitals (+15,000), and nursing and residential care facilities (+12,000).
- Employment in financial activities rose by 21,000 in February, above the prior 12-month average gain (+5,000). Over the month, employment continued to trend up in real estate and rental and leasing (+10,000) and insurance carriers and related activities (+5,000). Commercial banking lost 5,000 jobs.
- Transportation and warehousing employment continued to trend up in February (+18,000), in line with the average monthly gain over the prior 12 months (+13,000). Over the month, job growth occurred in couriers and messengers (+24,000) and air transportation (+4,000).
- Employment in social assistance continued to trend up in February (+11,000), below the average monthly gain over the prior 12 months (+21,000). Over the month, employment continued to trend up in individual and family services (+10,000).
- Within government, federal government employment declined by 10,000 in February.
- Employment in retail trade changed little over the month (-6,000) and has shown little net change over the year. In February, employment in food and beverage retailers declined by 15,000, largely due to strike activity. Warehouse clubs, supercenters, and other general merchandise retailers added 10,000 jobs.
- Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; information; professional and business services; leisure and hospitality; and other services.
And visually:
Commenting on the report, Lindsay Rosner, head of multisector fixed income investing at Goldman Sachs Asset Management, weighs in:
“To sum it up: Today’s print wasn’t as bad as feared. The payrolls growth surprised slightly to the downside and the unemployment rate ticked up, justifying the momentum that’s been building for a resumption in the Fed’s cutting cycle.”
Others such as Adam Crisafulli of Vital Knowledge, agreed, saying nothing in the report really changes their view on the world.
“Growth is still slowing (at the least), Washington remains a huge source of uncertainty (Trump’s pain threshold is high, and 151K def. doesn’t surpass it), and the Fed isn’t coming to the rescue (the market is already pricing in 75bp of cuts vs. the dot plot guidance of 50bp – even if Powell blesses the former number, that won’t come close to offsetting tariffs).”
As Bloomberg’s Enda Curran summarizes, “this set of data has an “as you were” feeling to it. The numbers were broadly as expected, perhaps some hints of softening (in, say, labor force participation) but otherwise the numbers are in line. However, we know the fast-moving events of recent weeks won’t have been captured in February’s data. The real test for how public spending cuts, federal government layoffs and the impact of tariffs will become clearer in the months ahead.”
ZEROHEDGE/HEADLINE CLOSING MARKETS/ZEROHEDGE
‘Headline Fatigue’ Hammers Stocks This Week Amid Tariff Turmoil, Stagflation Scare, Bund Blow-Up
USA DATA
USA ECONOMIC NEWS/USA
this is interesting
Could A Bombshell Discovery Render All of Biden’s Presidential Actions ‘Null and Void’?
Thursday, Mar 06, 2025 – 11:00 PM
Authored by Matt Margolis via PJ Media,
The Biden presidency might have been the greatest con job ever perpetrated on the American people. A shocking investigation by the Heritage Foundation’s Oversight Project has revealed that virtually every document bearing Joe Biden’s signature during his presidency was signed by an autopen — except for one.
What makes this revelation particularly damning is that the only document confirmed to have Biden’s actual signature was his letter announcing his withdrawal from the 2024 presidential race. Let that sink in for a moment.
Remember when House Speaker Mike Johnson (R-La.) revealed his discussion with Biden when Biden couldn’t recall signing the executive order halting LNG exports? Now we know why — he probably didn’t. The real question is: Who did? Who was running the country while Biden was not all there?
The use of the presidential autopen dates back to the 1950s, and there’s been much debate about its legality. In 2013, Barack Obama became the first president to sign a bill into law using an autopen. He was vacationing in Hawaii at the time. His office relied on a 30-page memo from President George W. Bush’s legal team asserting that the president’s presence was not required as long as said president had authorized the signature.
What’s not clear, in the case of Biden, is who was running the autopen and whether Biden was aware it was happening.
Missouri Attorney General Andrew Bailey is demanding that the Department of Justice investigate whether Biden’s obvious cognitive decline allowed unelected bureaucrats to essentially run the government without presidential oversight. If this is true — and let’s be honest, all signs point to yes — every executive order, every pardon, and every official action taken under Biden’s name could be constitutionally void.
Bailey’s letter to Michael E. Horowitz, the inspector general of the Department of Justice, spells it out perfectly.
I write to request that you conduct a full investigation into President Biden’s mental capacity in his final days in office. By now, Biden’s mental decline is famous. Under the 25th Amendment, his inability to make decisions should have meant a succession of power. Instead, it appears staffers and officers in the Biden administration may have exploited Biden’s incapacity so they could issue orders without an accountable President of sound mind approving them. That would explain why the Biden administration’s orders were aggressively much farther to the left than any previous President. If in fact Biden’s staffers were exploiting his mental decline, those orders are null and void.
The evidence is overwhelming. We know that Biden’s handlers desperately tried to prevent anyone from meeting with him one-on-one. Even Democratic insiders admit the truth. DNC fundraiser Lindy Li recently spilled the beans and acknowledged that Biden wasn’t running the show; his staff, his wife, and Hunter were.
Thanks to the Heritage Foundation’s investigation, we now have proof that Biden’s signature was automated throughout his presidency — which raises serious questions about whether he was aware of what was being signed in his name at all. The Oversight Project rightfully points out that since Biden revoked Trump’s executive privilege, we can easily determine who controlled the autopen and what safeguards, if any, were in place.
The implications are staggering. We essentially had a presidency by proxy, with unelected staffers wielding presidential power while the man himself was barely cognizant enough to read a teleprompter. This isn’t just a scandal; it’s potentially the biggest constitutional crisis in American history.
The American people deserve to know who was really calling the shots during the Biden administration. If these allegations prove true, every single action taken under Biden’s name needs to be scrutinized and potentially nullified. The truth must come out, and those responsible must be held accountable.
Do you think the mainstream media will cover this explosive autopen scandal? Don’t count on it, but PJ Media won’t back down from exposing the truth about who was really running the Biden White House.
Join PJ Media VIP today using code FIGHT for 60% off and help us continue exposing what the mainstream media wants to keep hidden. Sign up now and support real journalism that dares to tell the truth!
END
Watch Live: Fed Chair Powell Delivers Remarks On Monetary Policy & The Economy
Friday, Mar 07, 2025 – 12:25 PM
With the stagflation monster rearing its ugly head, and following a weaker than expected jobs report (with unemployment rates rising), Fed Chair Jerome Powell is set to address the 18th annual University of Chicago Booth School of Business U.S. Monetary Policy Forum in New York.
Investors are looking to the Fed chair for hints about the direction of monetary policy after a slew of data that raise questions about US economic growth. The ‘growth scare’ has pushed market expectations significantly more dovish than The Fed’s dot-plot (3 cuts priced in vs 2 cuts in SEP)…
Last month, Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
Watch Live here (due to start at 1230ET):
VICTOR DAVIS HANSON
VDH: Who Really Politicized The Pentagon?
Thursday, Mar 06, 2025 – 05:00 PM
Authored by Victor Davis Hanson,
Is the era of rounding up government or academic “experts” to declare their support or opposition to ongoing controversies over?
Public declarations by Anthony Fauci and his associates to follow their “expertise” or “science” did not work out well and persuaded few.
Recall the 1,200 partisan healthcare “professionals” of June 2020 who flipped to assure us that it was mysteriously now medically OK to break quarantines—but only if to publicly protest during the post-George Floyd unrest.
Do we remember the “70 arms control and nuclear experts?” In 2015, they were collected by Obama subordinates to convince America to embrace the flawed administration’s so-called Iran Deal.
In 2021, “Seventeen recipients of the Nobel Memorial Prize in economic sciences” assured there would follow no inflation from the Biden administration’s massive borrowing and spending.
Hyperinflation followed.
Most recently, five former Secretaries of Defense—William Perry, Leon Panetta, Chuck Hagel, James Mattis, and Lloyd Austin—co-authored a public letter to Congress. They blasted the Trump administration’s dismissals from command of several generals—including the current chairman of the joint chiefs, General C. Q. Brown Jr.
They argued that such firings were political and thus would weaken the military and depress recruitment. As a result, they demanded congressional investigations.
Oversight of anything in government is always welcomed. But there are a number of inconsistencies in the letter that unfortunately diminish the force of its argument.
First, firing generals is hardly new. Many presidents have relieved commanding officers—even wartime combat theater commanders—without much, if any, explanation.
Consider just one recent pre-Trump presidency—the tenure of Barack Obama. He fired Gen. David McKiernan as commander of all American troops in Afghanistan. And he did so without much explanation.
No president had dismissed such a wartime theater commander since President Truman fired Gen. Douglas MacArthur in 1950.
Obama then fired his replacement Gen. Stanley McChrystal. Obama also dismissed, arguably quite unfairly, one of the signees of the current letter, Gen. James Mattis, from his directorship of U.S. Central Command—without any coherent or convincing explanation.
In all three cases, the Obama replacement generals did not display any record of improvement over their fired and often gifted predecessors.
Obama, for reasons both good and bad, also approved the firings of Rear Adm. Charles M. Gaouette, an aircraft carrier group commander. The list of Obama’s dismissals goes on and on: Air Force Major Michael Carey, Vice Adm. Tim Giardina—and most controversially Army Gen. Michael Flynn who headed the Defense Intelligence Agency in 2014
Firing generals or appointees who do not agree with the visions or strategies or even the politics of the commander in chief is thus somewhat routine.
So, for example, is the political firing of appointees to non-partisan defense advisory boards. President Biden fired 18 such nonpartisan appointees to service academy boards—without explanation. President Obama, upon entering the White House, fired almost the entire board of the nonpartisan American Battle Monuments Commission without cause—and replaced them with ideologically akin appointees.
Second, as for worries about recruitment, one might counter that the recent curtailment of DEI ideological fixations is already beginning to restore previously anemic recruitment to near-record single-day sign-ups.
The Pentagon in the past was not always completely candid about either shortfalls in recruitment or the reasons for such reduced signups. Some would argue that it was near suicidal to drum out some 8,500 veteran officers and enlisted men for refusing the COVID-19 vaccinations, the vast majority of whom had acquired natural immunity from the virus. Now the military concedes they are sorely needed and is inviting them to reenlist.
Pentagon data that increasingly is calibrated in terms of race, gender, and sexual orientation, have also shown that in recent years, white males, who serve and die—asymmetrically to their demographics—in combat theaters, have shied away from the military, and disproportionally account for general recruitment shortfalls.
One likely explanation is that they apparently felt that inordinate political Pentagon DEI emphases and public congressional commentary from Pentagon brass about supposed endemic “white privilege” or purported racist cabals were aimed at them. In 2021, Secretary of Defense Austin and Chairman of the Joint Chiefs General Milley seemed to weigh in before Congress on highly political and polarizing matters of critical race theory—even connecting the January 6 demonstrations to supposed “whiteness”, opining on “white rage,” and recommending the controversial racialist works of Ibram X. Kendi.
Politics in the Pentagon predated the current Trump administration.
Third, the Pentagon over the last four years does need a shake-up, given the humiliation in Afghanistan, the greatest disaster in a half-century since the 1975 flight from the embassy roof in Saigon. Confusion reigned over the Chinese military and likely spy balloon that nearly traversed the continental U.S. with impunity. The U.S. failed to respond promptly and disproportionally to several Iranian-connected terrorist attacks on U.S. military installations in Iran, Jordan, and Syria. And the Houthis brazenly disrupted Red Sea international maritime traffic with near exemption for months.
Because of the Biden administration’s poor decisions, the U.S. military seemed to have lost much of its previous deterrence in key international waterways such as the Red Sea, the South China Sea, and the Straits of Hormuz.
Recruitment until recently was stagnant. Stockpiles of key munitions were dangerously low. And the U.S. had not found any strategic resolution after interventions in Afghanistan, Syria, or Libya.
Moreover, since the beginning of outside military audits in 2017, the Pentagon had flunked all three in succession.
Fourth, over the last decade there have been flurries of all sorts of professionals’ letters—from military, economic, and political “experts” decrying the particular policies of the administration in power. Most do not resonate since many of their criticisms would be equally applicable to other administrations of the opposite party and thus fairly or not, are deemed political.
In the past, several retired generals have weighed in contrary to the uniform code of military justice, by blasting their commander-in-chief as a Mussolini-like character, a liar, comparable to the architect of the Birkenau death camp at Auschwitz, and indeed in need of removal “the sooner the better.”
The recent past Chairman of the Joint Chiefs Gen. Mark Milley, contrary to the law, inserted himself into the chain of command. He quite improperly contacted his Chinese military counterpart to warn him about a supposedly dangerously erratic President Trump. And in recent retirement, he claimed the ex-president—and now current president—was a “fascist to the core” and “the most dangerous man to the country.” That seems a fairly politicized thing to do.
Fifth, some of the signees themselves have come under bipartisan criticism. Former secretary of State Leon Panetta was one of the 51 signees in October 2020 who falsely claimed the Hunter Biden laptop had all the “hallmarks” of a Russian influencing campaign.
It had none.
We know that because the laptop at the time was in the possession of the FBI, which had already internally authenticated its contents. Panetta has since refused to apologize for what might be legitimately called a “disinformation” letter.
Remember, the partisan letter was solicited by Biden campaign advisor Antony Blinken, soon-to-be-secretary of state, to arm candidate Biden in the upcoming and last debate of 2020 with some sort of defense against the incriminating contents of the laptop.
It was promoted by clearly partisan former interim CIA Director Michael Morrell and retired military partisans such as Gens. James Clapper and Michael Hayden as well as former CIA Director John Brennan.
Because the letter was timed to the final 2020 debate in the last weeks of the election, and because it was known at the time to be patently false, but passed off by Biden as authenticated by “authorities”, it may well have played a pivotal role in determining the outcome.
Other signees themselves were relieved as defense secretaries by presidents of both parties, whether fairly or not—including Chuck Hagel and Jim Mattis. Signee Lloyd Austin weathered calls for his resignation when for several days he was veritably AWOL, undergoing a serious medical procedure, without informing his superior, the Command-in-Chief.
The point is not to criticize the critics, but rather to bring some humility into the conversation that the firings of defense secretaries, high-ranking military officers, and appointees to military advisory boards predated Donald Trump, as did the politicalization of the military.
The current secretary of defense Pete Hegseth believes he is depoliticizing a previously unduly politicized military, not further weaponizing it.
Whether that proves an accurate diagnosis can be adjudicated in the upcoming months by a number of barometers:
Will the Pentagon for the first time in recent years soon pass an outside audit?
Will current restorative surges in recruitment be sustained and more than meet formerly unmet targeted enlistments?
Will currently envisioned defense cuts target the unnecessary programs that hamper battle efficacy or instead harm operational ability?
Will lost deterrence return to the U.S?
Will there be more or fewer theater-wide wars, such as those in Ukraine and the Middle East?
Will the Pentagon procurement pivot from traditional military systems and platforms, following lessons in the Middle East and Ukraine, in order to emphasize drones, and cheaper and more numerous munitions?
And lastly and most importantly, will the generals who replaced those fired prove more adroit in defending U.S. interests and less political—or less so?
The realities that follow from these firings, not necessarily the firings themselves, or the anger at them, will answer those questions.
KING NEWS
| The King Report March 7, 2025 – With Bond Chart | Independent View of the News |
| Worst German Bond Rout Since 1990 Prompts Selloff Around World – BBG In the wake of Berlin’s historic plan to unlock hundreds of billions of euros for defense and infrastructure… Yields on 10-year bunds continued their march higher, adding as much as 14 basis points on Thursday to reach 2.93%, the highest since October 2023. The rate jumped 30 basis points on Wednesday — the biggest increase since the months after the Berlin Wall fell in November 1989… https://finance.yahoo.com/news/japan-10-bond-yield-reaches-002714030.html Germany’s defense and government spending boost (€500B) triggered a global bond sell-off https://markets.businessinsider.com/news/bonds/germany-defense-government-spending-boost-bund-yields-global-bond-selloff-2025-3 German Bonds Eye Worst Day Since Aftermath of Berlin Wall’s Fall – BBG https://finance.yahoo.com/news/german-bond-yields-spike-most-083544098.html Germany Urges EU to Ease Fiscal Rules to Boost Defense Funds – BBG Germany called for the European Union to reform its fiscal rules to allow countries to make bigger defense expenditures, a massive shift for a country known for its spending restraint… (DJT Effect) https://finance.yahoo.com/news/germany-urges-eu-ease-fiscal-123436448.html German Yield Curve Shifts Higher – BBGThe 1-year yield rose 2.3ps to 2.143%The 10-year yield rose 11.2bps to 2.905%The 30-year yield rose 6.4bps 3.141%The 1-year-30-year yield spread was 99.8bps, vs previous close 95.7bpsThe Deutsche Boerse AG German Stock Index DAX rose 1.3%Germany 5-Year CDS widened 0.2bps to 12.1bps 10-year note yields – German 10-year tracts EU 10-year ECB cuts interest rates, keeps door ajar to more easing · Deposit rate cut to 2.5% as expected · Says rates meaningfully less restrictive · Cuts economic growth outlook, raises 2025 inflation https://www.reuters.com/markets/rates-bonds/ecb-cut-rates-again-trade-wars-defence-cloud-outlook-2025-03-05/ European Stocks Pare Declines on Tariff Delay Optimism, ECB Cut – BBG EU to explore long-term reform of fiscal rules for defense. – BBG 14:16 ET @realDonaldTrump (11:30 ET): After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd. I did this as an accommodation, and out of respect for, President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation! @NickTimiraos: Trump CEA nominee Stephen Miran says the Fed should have tightened policy more aggressively during its past hiking cycle. The U.S. economy didn’t have a recession in 2023 because the Fed did not successfully pursue policies to offset inflationary forces. 6. In September 2022, you stated, “we expect that the economy is likely to slide into a full recession, likely around the turn of the year, but potentially sometime in the first half of next year.”61 However, real GDP growth accelerated between 2022 and 2023 to 2.9 percent.62 What do you believe was the flaw in your analysis, and what changes have you made to your approach to economic modeling since that time? Answer: As I have publicly written in articles furnished to your office, my expectation for a recession didn’t come to pass because of additional and subsequent dual monetary and fiscal stimulus I didn’t foresee. Most, if not all, forecasters missed these specific forces. The Biden Administration’s expansion of the deficit to $2 trillion represented material economic fuel being added to the economy which exceeded even pessimistic budget analysts’ forecasts. And the Yellen Treasury’s activist Treasury issuance (ATI) allowed Treasury to usurp monetary policy functions of the Federal Reserve. ATI injected monetary stimulus into the economy and nullified a portion of the Federal Reserve’s economic restriction. My analysis assumed that the Fed would successfully pursue policies to offset these inflationary forces. Had that occurred, we very likely would have experienced a contraction in economic activity, as typically happens in a tightening cycle (often called “taking away the punchbowl”). Instead, inflation persisted well after I wrote that article… https://t.co/Is61XzA1Gj @mirandadevine: Treasury Secretary Scott Bessent told the NY Economy Club: “The first time I went to see President Trump he looked at me and said ‘how do we get this debt and deficit down without killing the economy?’ … I’ve been thinking about this for 18 months and [the way to do it is] the transition from a public sector to private sector [driven economy]… 25 percent of GDP goes through [Washington DC] Area code 202… Let me be clear: the U.S. does NOT have a revenue problem — we have a spending problem.” Please recall that several weeks ago we opined that Team Trump was making the bet that it could reduce spending and the size of the federal government and mitigate the economic contraction from this by boosting the private sector with deregulation, tax breaks, and massive capital investment. Furthermore, in a monstrous tone change for a GOP administration, Treasury Secretary Bessent publicly stated that ‘Wall Street has done well enough; it’s time to focus on Main Street. Since Reagan, Wall Street has held the Fed and US fiscal policy hostage. In fact, as we stated often during the aftermath of the 2008 Crisis, Wall Street engaged in financial terrorism: ‘Give us what we want, or we’ll blow it up!’ Atlanta Fed: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.4 percent on March 6, up from -2.8 percent on March 3… the nowcasts of first-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 0.0 percent and 2.5 percent, respectively, to 0.4 percent and 4.8 percent, while the nowcast of the contribution of net exports to first-quarter real GDP growth fell from -3.57 percentage points to -3.84 percentage points… https://www.atlantafed.org/cqer/research/gdpnow.aspx Except from 18:10 ET to 18:14 ET, ESHs traded modestly negative and sideways from the 18:00 ET Nikkei opening until they broke lower at 2:41 ET. ESHs hit a bottom of 5753.25 at 9:41 ET. Conditioned buyers then aggressively bought the early decline. ESHs soared to 5820.00 at 10:37 ET. ESHs then traded sideways and made a triple top with the final upward attempt appearing at the 11:30 ET European close. ESHs then sank to a new daily low of 5729.00 at 12:47 ET. The afternoon rally took ESHs to 5795.75 at 13:21 ET. Sellers returned; ESHs slid to a new low of 5722.75 at 14:32 ET. After a modest rebound to 5746.50 at 13:52 ET, ESHs fell to a daily low of 5720.00 at 14:30 ET. ESHs then soared on a report that Trump exempted tariffs on Mexico and Canada goods covered by the USMCA until April 2. ESHs jumped to 5768.25 at 14:52 ET. Sellers returned, ESHs tumbled to 5723.50 at 15:00 ET. ESHs then traded in a pennant (lower highs & higher lows) formation into the close. Trump Says He’s Not Looking at the Stock Market – BBG 14:57 ET (huge change from 1st term!) Because the US will be strong in the long term… Trump: There’s a Good Chance We Can Balance the Budget Next Year – BBG 14:57 ET Trump: Globalists Are Behind Stock Sell Off – BBG 15:24 ET Trump, speaking to reporters at the WH, also said that he’s going to Saudi Arabia; not sure NATO allies would defend the US; the US won’t aid NATO countries that are delinquent on their defense spending; NATO can be a good thing; there has been a lot of progress in Ukraine-Russia peace talks the past two days; Ukraine has no choice but to make a deal; student loans could be brought into the Treasury; will probably extend the TikTok deadline; wants to start denuclearization talks; told automakers this (tariff relief) is a short-term deal; will sign an order that frees up forests to take down trees; and the US does NOT need lumber, energy, or autos from Canada. @bespokeinvest: The average US stock is now 30% below its 52-week high, which on average was made on September 21, 2024. Positive aspects of previous session Gasoline and oil declined sharply, again. Negative aspects of previous session Fangs got crushed; they underperformed on Wednesday. Stocks got hammered; USHs declined moderately. There was no late morning, midday, or afternoon robust rally, a big deviation from prior sessions. Nasdaq closed (18069.26) below its 200 DMA (18392.83) since October 2023 Ambiguous aspects of previous session Is momentum selling about to hammer stocks? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5754.07 Previous session S&P 500 Index High/Low: 5812.08; 5711.64 @PDChina: China has launched a new domestically-developed electric locomotive on the Taiyuan-Jiaozuo Railway for cargo transportation between north China’s Shanxi and central China’s Henan. With enhanced traction force and improved speed, the new model adapts more efficiently to the route’s multiple slopes and curves. It also offers greater safety, thanks to an intelligent system capable of real-time monitoring. US is destroying world order, Ukraine’s ex-commander-in-chief Zaluzhnyi says https://kyivindependent.com/us-destroying-worl-order-zaluzhnyi-says/ We’re old enough to remember when reports appeared that Ukraine intervened, to no success, in the 2016 Election against Trump. And we’re old enough to remember when Ukraine allies impeached DJT for starting to investigate Ukraine corruption. FAFO! @EricLDaugh: Trump announces he plans to release a report regarding the person who tried to k*ll him in Butler, PA. “And the second one with all of the cell phones... I want to find the answers… They are giving me a report next week sometime. I want to release the report.” Reuters: Elon Musk says Post Office, Amtrak should be privatized https://t.co/F9bjjWkee1 @unusual_whales: 25% of Harvard graduates from last spring are still job hunting — up from 20% a year earlier and 10% in 2022, per WSJ. (Wonder what their majors are?) Fed Balance Sheet: -$9.337B, Notes & Bonds -$11.138B; Reserves: -$14.624B After the close, Broadcom soared 10% on Q1 EPS of 1.60, 1.50 exp.; Revenue of $14.92B, $14.61 exp.; and projected Q2 Revenue of $14.9B, $14.59B consensus. Costco: EPS: $4.02, $4.09 exp.; Revenue: $63.72B, $63.03B exp. Fell as much as 1.4%. Europe fails to reach deal on Ukraine, rearmament after emergency talks end without agreement The main European powers couldn’t agree on what exactly that support for Ukraine might look like and how Europe should adapt to what many see as a new world order under President Trump… (SAD!) https://nypost.com/2025/03/06/world-news/ukraine-summit-in-brussels-ends-with-no-consensus-after-emergency-talks-falter/ Today – Because the Fed is on pause until Trump’s fiscal policy is established and Team Trump has warned that the US economy will experience short-term pain from the Biden Hangover and DJT’s restructuring agenda, the February Employment Report should have only a transitory effect. Over the past many years, a soft NFP would induce an equity rally on the hope of a Fed rate cut. Now, it is likely to exacerbate US recession fears. This could unleash defensive asset allocation. But bonds could be less perky than usual due to the global bond bear market. The S&P 500 Index closed 7 thin handles above its 5731 200-DMA. This should be support. If the S&P 500 Index blows through 5731 and there is no effort to halt & reverse the decline, look out! The Russell 2000 and the DJTA are well below their 200-DMAs. Huge Caveat: As noted above, for the first time ~40 years, solons do NOT believe that the US stock market is a matter of national and economic security. This implies that there will be no OFFICIAL plunge protection if the stock market gets unruly. There will always be Street manipulation; and if a stock plunge provokes a systemic problem, there will be official intervention. Expected economic data: Feb NFP 160k (Whisper # 120k), Mfg. 3k, Rate 4.1%, Wages 0,3% m/m & 4.1% y/y; Jan Consumer Credit $15.0B; Fed Gov. Bowman 10:15 ET, NY Fed Pres Williams 10:45 ET, Fed Gov. Kugler 12:20 ET, Fed Chair Powell 12:30 ET on Economic Outlook ESHs are +23.00; NGHs are +108.00; and USHs are +10/32 at 21:15 ET. S&P Index 50-day MA: 5986; 100-day MA: 5955; 150-day MA: 5827; 200-day MA: 5731 DJIA 50-day MA: 43,645; 100-day MA: 43,550; 150-day MA: 42,718; 200-day MA: 41,898 (Green is positive slope; Red is negative slope) S&P 500 Index (5738.50 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5447.29 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5807.26 triggers a sell signal Daily: Trender and MACD are negative – a close above 6995.03 triggers a buy signal Hourly: Trender is negative and MACD is positive – a close above 5752.45 triggers a buy signal @AmandaHead: Rep. Al Green’s (D-TX) outlandish outbursts and interruptions of President Donald Trump’s first joint address to Congress as our 47th President has earned him a censure by his colleagues in the U.S. House! Official vote: 224-198-2. 10 D’s joined all voting R’s. Trump blasts Rep. Al Green as ‘an embarrassment’ to Democrats, says he ‘should be forced to take an IQ test’ https://www.foxnews.com/politics/trump-blasts-rep-al-green-an-embarrassment-democrats-says-he-should-forced-take-iq-test It’s about time someone noted the insanely stupid utterances of US politicians and their media stooges! GOP @RepOgles: Today, a group of House Democrats broke decorum during the censure of Rep. Al Green and, after multiple warnings, refused to heed @SpeakerJohnson’s order. I am drafting privileged resolutions to remove each of them from their committees. If you want to act like a child in the Halls of Congress, you will be treated like a child… There must be accountability. The American people deserve better than petty, juvenile stunts in one of the most sacred chambers of government. (For decades Dems from ‘safe districts’ believed they had impunity for any and all actions, no matter how egregious.) DNC hires new top exec with long history of pushing racial grievances, leftist ideology Roger Lau previously worked for progressive Sen. Elizabeth Warren https://www.foxnews.com/politics/dnc-hires-new-top-exec-with-long-history-pushing-racial-grievances-leftist-ideology Risible video of female Dem Reps portraying themselves as fighters: (Who thinks up this claptrap?) https://x.com/LizWillis_/status/1897684584399008039 Columbia professor claims DOGE cuttings are racist because government was once run by Barack Obama (Why Ivy League tuition for this?) – ‘So yes, it’s an attack on government, but it’s also an attack on this government. What I mean by that is it’s an attack on this government that used to be headed by a black man. ‘It’s an attack on this government that almost elected a black woman to the highest office in the land.’… https://www.dailymail.co.uk/news/article-14470401/Columbia-professor-claims-DOGE-cuttings-racist.html @EndWokeness: Cutting government waste and fraud is, you guessed it, racist (per MSNBC guest) https://x.com/EndWokeness/status/1897663428963033430 @GuntherEagleman: Everything is racist. Tom Homan – Border Czar Commentary News @TomHoman_: Racist… Jasmine Crockett claims President Trump only wants border security to force “Black people back to the fields.”… https://x.com/TomHoman_/status/1897725210360791315 Liberal California Gov. Newsom says men in female sports ‘unfair,’ in break with fellow Democrats https://justthenews.com/government/local/liberal-gov-newsom-suggests-biological-men-shouldnt-compete-womens-sports-calling Newsom, emboldened by 79% of Americans against biomen in women’s sports, bolts the Dem Cult. The CA Gov probably realizes that if the Dems don’t move back toward the middle, they will become Whigs. Newsome is staking out the middle because all other major Dem Presidential Candidates are leftists. @charliekirk11: Politico has not one, not two, but FIVE reporters covering the fallout of Gavin Newsom’s comments about men in women’s sports during my interview with him. Lori Lightfoot says he’s “disgusting.” Sacramento is in an uproar. Democrats all over the country say that this issue is a litmus test for the party going forward. Democrats simply cannot handle taking an L in the culture war. Newsom’s move on trans athletes jolts 2028 campaign Major LGBTQ+ organizations immediately made clear they’re looking at trans athletes as a litmus test for ambitious Democrats… But to moderates, Newsom was offering a lifeline for a party plagued by the culture wars and the polarizing politics of trans women in sports… “We just stepped too far out of the bounds and let the far left drive the narrative,” said a Democratic strategist from a swing state.. https://www.politico.com/news/2025/03/06/democrats-trans-sports-2028-00216585?s=03 Centrist Dem group rails against leftist identity politics and purity tests Centrist Democrats produced a five-page document of takeaways at a retreat organized by Third Way. Democrats had become too obsessed with “ideological purity tests” and should push back “against far-left staffers and groups that exert a disproportionate influence on policy and messaging,” according to a document of takeaways from the gathering produced by the center-left group Third Way and obtained by POLITICO… https://www.politico.com/news/2025/03/02/third-way-patriotism-democrats-campaign-00206890 Here’s Why Democrats’ Feeble Attempts to Moderate Are Doomed to Fail Men such as Alex Soros (the son of George Soros who runs the Open Society Foundations) and Eric Kessler (founder of the for-profit company Arabella Advisors, which helps leftist donors influence politics through Arabella’s multiple nonprofits) aren’t going to throw in the towel on woke, and they aren’t going to let Democrats do it, either… https://www.dailysignal.com/2025/03/05/heres-why-democrats-feeble-attempts-moderate-are-doomed-fail/ Washington Post columnist mocks Dem protests at Trump speech, calls out pink outfits and paddle props https://t.co/E3TlE9gyVz Governor Tim Walz @GovTimWalz: I called Canadian Premiers Doug Ford and Wab Kinew today as we try to find a way through this unnecessary and costly trade war. While the President may not value the partnerships that contribute billions of dollars to our economy, Minnesota does. The Logan Act prohibits US citizens from engaging in certain communications, namely unauthorized diplomacy, with foreign governments without authorization from the U.S. government. https://crsreports.congress.gov/product/pdf/LSB/LSB10058 $375B EPA slush fund handled by John Podesta gave billions to charities founded only months earlier https://trib.al/gemu04j Broke Hunter Biden asks judge to toss laptop suit because he’s ‘millions’ in debt — and lost home in LA wildfires https://nypost.com/2025/03/06/us-news/hunter-biden-asks-judge-to-drop-his-laptop-lawsuit-because-hes-broke-victim-of-la-fires/ @RapidResponse47: @POTUS demolishes Fake News losers @NicolleDWallace and @maddow over their disgusting comments about the 13-year-old cancer survivor honored by President Trump in his joint address. “They should be forced to resign.” https://x.com/RapidResponse47/status/1897745750744088766 @RapidResponse47: President Donald J. Trump signs an executive order suspending the security clearances for employees at Perkins Coie — which played a key role in the Russia hoax. “This is an absolute honor to sign.” https://x.com/RapidResponse47/status/1897737448542568648 @themarketswork: Perkins Coie (DNC Law firm) was responsible for: — Russia-Collusion Hoax — Alpha Bank Hoax — Hired Fusion GPS — Hired Christopher Steele & his Dossier — Election law changes — FBI workspace onsite – likely access to NSA Systems — Marc Elias & Michael Sussmann @C_3C_3: Follow the treason it is so simple… Who wrote the DNC Server was “hacked” by Russia report? Crowdstrike Who paid Crowdstrike? Hillary through Perkins Coie. Who wrote the Trump “colluded” with Russia Dossier? Fusion GPS Who paid Fusion GPS? Hillary through Perkins Coie. | |
SWAMP STORIES FOR YOU TONIGHT
if this is true: all hell will break loose;
Deep State BOMBSHELL: Flynn names Nuland in Trump assassination plot, unveils Ukraine money laundering scandal – NaturalNews.com
Deep State BOMBSHELL: Flynn names Nuland in Trump assassination plot, unveils Ukraine money laundering scandal
- Former National Security Advisor Lt. Gen. Michael Flynn accused former Undersecretary of State Victoria Nuland of being a central figure in an alleged assassination plot against President Donald Trump, suggesting a broader conspiracy involving multiple individuals both within and outside the government.
- Flynn claimed that Ukraine is a hub for a massive money laundering operation involving U.S. taxpayer dollars, with funds being funneled through agencies like USAID and the Treasury Department and ultimately benefiting corrupt politicians and bureaucrats in Washington.
- Flynn accused Ukrainian President Volodymyr Zelensky of complicity in the money laundering scheme, suggesting that shocking details about his involvement will soon be revealed, further implicating the entire Washington establishment.
- Flynn’s allegations highlight the need for a thorough investigation into the alleged corruption and assassination plot, emphasizing the importance of transparency and accountability in the use of American resources abroad and urging action to prevent future abuses of power.
In a stunning revelation that has sent shockwaves through Washington, former National Security Advisor Lt. Gen. Michael Flynn has named former Undersecretary of State Victoria Nuland as a central figure in the alleged assassination plot against President Donald Trump. Flynn’s explosive claims, made during an appearance on OAN’s American Sunrise, also implicated Ukraine as a hub for a massive money laundering operation involving U.S. taxpayer dollars.
This bombshell disclosure not only raises alarming questions about corruption within the highest echelons of government but also underscores the urgent need for transparency and accountability in how American resources are being used abroad.
Flynn points finger at Nuland: “She’s going to feel the pain”
Flynn did not mince words when he accused Victoria Nuland, a longtime State Department official, of being “at the center” of the alleged assassination attempts against Trump. “The one name is Victoria Nuland. Victoria Nuland has so much at stake here,” Flynn declared. He added that Nuland is among a “constellation of others” who are complicit in these schemes, many of whom operate “out of government.”
Flynn’s allegations are particularly striking given Nuland’s prominent role in U.S. foreign policy, especially in Ukraine. Nuland, who served as Assistant Secretary of State for European and Eurasian Affairs under President Obama and later as Undersecretary of State for Political Affairs under President Biden, has long been a controversial figure. Critics have accused her of pushing policies that destabilized Ukraine and enriched corrupt actors, both in the region and in Washington.
“People like Victoria Nuland is one of those people that is going to…she’s going to feel the pain here I believe because these people have been at the center of this,” Flynn said.
Ukraine: “One big money laundering operation”
Flynn’s accusations extend beyond Nuland’s alleged involvement in the assassination plot. He described Ukraine as “one big money laundering operation,” implicating U.S. agencies like USAID and the Treasury Department in funneling billions of dollars overseas, only to see those funds circle back into the pockets of corrupt politicians and bureaucrats in Washington.
“Elon [Musk] has demonstrated the outflow of dollars going out of the country through different parts of our government,” Flynn said, referencing Musk’s Department of Government Efficiency (DOGE). “What he hasn’t shown yet is the complete cycle of funding that is going on, from once it goes out, where does it go to, how does it then flow around Europe and how does it flow back into the pockets of people here in the United States of America.”
Flynn suggested that Musk and Trump are on the verge of uncovering the full extent of this corruption. “That has not been demonstrated yet. I’m aware of some of that, and I think that’s what Elon and President Trump are going to discover,” he said.
Zelensky’s role in the “ugly” scandal
Flynn also took aim at Ukrainian President Volodymyr Zelensky, accusing him of complicity in the alleged grift. “Zelensky is an actor. I mean, he actually has a great relationship with [Russian President Vladimir] Putin!” Flynn claimed.
He warned that the American public would soon learn shocking details about Zelensky’s involvement in the money laundering scheme. “We’re going to discover things in these coming weeks about Zelensky — it may take a couple months, I hope it doesn’t, because we’re capable of being much faster — but we’re going to discover things that the American people are going to be so upset about when it comes to the money flow back into the United States of America, back into the coffers of people, frankly, right there in Washington, D.C.”
Flynn’s comments suggest that the corruption is bipartisan, implicating not just Democrats but the entire Washington establishment. “It’s going to be ugly. And it’s not just Democrats. It’s going to be the entirety of the establishment, the Security State,” he said.
A pattern of corruption
Flynn’s allegations are not without precedent. For years, critics have raised concerns about the misuse of U.S. foreign aid, particularly in Ukraine. The 2014 Maidan Revolution, which ousted pro-Russian President Viktor Yanukovych, was heavily supported by the U.S. government, with Nuland playing a key role. However, many have questioned whether U.S. involvement in Ukraine has been driven by genuine democratic ideals or by the financial interests of a corrupt elite.
The Biden family’s ties to Ukraine have also come under scrutiny, particularly regarding Hunter Biden’s lucrative position on the board of Ukrainian energy company Burisma. While these allegations were dismissed by many in the mainstream media as conspiracy theories, Flynn’s claims suggest that the truth may be far more damning than previously thought.
A call for accountability
Flynn’s revelations underscore the urgent need for a thorough investigation into the alleged corruption and assassination plot. If even a fraction of his claims are true, it would represent one of the most egregious abuses of power in modern American history.
As Flynn himself put it, “These are the things that, when you talk about spending half a trillion dollars, over $400-500 billion dollars in one country over just the last few years, that money’s going somewhere, and it ain’t going into the troops on the frontlines of the various provinces that are fighting against the Russians there.”
The American people deserve answers. It’s time to hold those responsible accountable and ensure that such corruption never happens again.
Stay tuned as this story develops.
END
TRUMP may indict the entire law firm of Perkins Coie
that will be fun!
Trump Strips Security Clearances of Employees at Perkins Coie, the DNC Law Firm Linked to Hillary Clinton and Bogus Russia Dossier (VIDEO)
by Cristina Laila Mar. 6, 2025 3:40 pm
You love to see it.
President Trump on Thursday stripped security clearances of the employees at DNC law firm Perkins Coie.
Recall that Hillary Clinton and the DNC paid law firm Perkins Coie more than $1 million to hire oppo research firm Fusion GPS to peddle the bogus ‘Trump-Russia’ dossier during the 2016 election.
Former British spy Christopher Steele compiled over a dozen memos alleging the Russians had blackmail on Trump and that his associates were conspiring with the Kremlin to win the 2016 election.
The memos were made into a largely debunked dossier that was eventually published by BuzzFeed on January 10, 2017.
Perkins Coie and Hillary Clinton were behind the hoax.
In 2022, the FEC fined Clinton and said her campaign violated the rules because they failed to disclose payments funneled to Fusion GPS through DNC law firm Perkins Coie.
Hillary Clinton got a light slap on the wrist for her crimes.
President Trump said it’s an honor to sign the executive order stripping security clearances of the employees at Perkins Coie.
WATCH:
NEW: President Donald J. Trump signs an executive order suspending the security clearances for employees at Perkins Coie — which played a key role in the Russia hoax.
“This is an absolute honor to sign.” pic.twitter.com/0twjGR6lwO
— Rapid Response 47 (@RapidResponse47) March 6, 2025
John Ratcliffe previously said the entire Perkins Coie law firm could be subject to indictment’ after several of their lawyers lied to federal investigators.
“This was a coordinated effort by Hillary Clinton Campaign officials, by executives who were working with them, lawyers who work for the campaign, all attempting to defraud the federal government… Defrauding the government is a felony, making false statements to federal investigators is a felony,” Ratcliffe said in 2022.
He continued, “And when multiple people do it together I think that is a conspiracy and I think that’s what is being revealed in John Durham’s filings… If multiple lawyers from a law firm are attempting to defraud the government or lie to the government, not just commit a campaign dirty trick but to peddle a false narrative to mislead investigators an entire law firm like Perkins Coie could be subject to indictment.”
Last month, President Trump stripped the security clearances for employees who work at Covington & Burling, the top DC law firm that recently gave former special counsel Jack Smith $140,000 in pro bono legal services.
GREG HUNTER
SEE YOU ON MONDAY
harveyorganblog.com 
