GOLD CLOSED UP $9.75 TO $2990.10

SILVER CLOSED UP $0.04 TO $33.77

GOLD ACCESS CLOSED 2982.95

Silver ACCESS CLOSED: $33.68

Bitcoin morning price:$83,275 UP 2444 DOLLARS.

Bitcoin: afternoon price: $84,840 DOWN 2325 DOLLARS

Platinum price closing UP $5.50 TO $998.35

Palladium price; UP $9.90 TO $966.25

END

*CANADIAN GOLD: $4284.00 DOWN 24.62 CDN dollars per oz( * NEW ALL TIME HIGH 4307.80- CDN DOLLARS PER OZ//MARCH 13 2025)

*BRITISH GOLD: 2306.06 UP 1.38 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,339.25 BRITISH POUNDS/OZ) FEB 10/2025

*EURO GOLD: 2,740.76 DOWN 9.87 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: 2,984.300000000 USD
INTENT DATE: 03/13/2025 DELIVERY DATE: 03/17/2025
FIRM ORG FIRM NAME ISSUED STOPPED

099 H DB AG 1220
118 H MACQUARIE FUT 115
190 H BMO CAPITAL 523
323 C HSBC 340
435 H SCOTIA CAPITAL 165
624 H BOFA SECURITIES 967
661 C JP MORGAN 168
686 C STONEX FINANCIA 40 167
709 C BARCLAYS 548
905 C ADM 7

TOTAL: 2,130 2,130

JPMORGAN stopped 168/2130 contracts

GOLD: NUMBER OF NOTICES FILED FOR MARCH/2024. CONTRACT: 2130 NOTICES FOR 213000 OZ 6.625 TONNES

total notices so far: 16,171 contracts for 1,617,100 Oz (50.299 tonnes)

FOR MARCH

XXXXXXXXXXXXXXXXXX

SILVER NOTICES: 173 NOTICE(S) FILED FOR 0.865 MILLION OZ/

total number of notices filed so far this month : 13,807 for 69.035 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 UP $9.75 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:WOW!!!

HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 7.17 TONNES

INVENTORY RESTS AT 905.81 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $.04 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF .910 MILLION OZ OUT OF THE SLV//

about:blank

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 435.454 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A MEGA HUMONGOUS SIZED 5312 CONTRACTS TO 164,930 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUMONGOUS SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR STRONG GAN OF $0,46 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A MEGA HUMONGOUS GAIN OF 6365 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE//THURSDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON THURSDAY COMEX TRADING / AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST 4 WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY FAILED ON THURSDAY WITH SILVER’S GAIN IN PRICE. WE HAD A HUGE T.A.S. LIQUIDATION THURSDAY. BUT THIS WAS COUPLED WITH ANOTHER MEGA HUGE T.A.S. ISSUANCE OF 1231 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 RAIDS ON OUR PRECIOUS METALS WILL COMMENCE AGAIN! WE HAVE A HUGE CONTANGO IN SILVER SPOT VS FRONT FEB OF AROUND 95 CENTS AND A LEASE RATE OF 7.3%. WE HAD A HUGE 688 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE 1231 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN TODAY’S TRADING/ AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A MEGA HUMONGOUS 6000 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE. WE HAD CONSIDERABLE TAS LIQUIDATION THROUGHOUT THURSDAY’S COMEX TRADING SESSION WHICH ACCOUNTS FOR A HUGE PORTION IN THE GAIN OF 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 AND FAILING!AS IT IS NOW ABOVE $33.00 HEADING FOR OUR MAGIC 34.40 PRICE.

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 1231 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 $0.46 AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A MEGA HUMONGOUS GAIN IN OUR TWO EXCHANGES OF 6000 CONTRACTS WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS TRYING TO CONTAIN SILVER’S PRICE RISE AND THAT ACCOUNTS OF LOTS OF OUR OPEN INTEREST RISE. HOWEVER THE CME NOTIFIED US THAT FOR THE FIRST TIME IN MARCH, WE HAVE BEEN ISSUED 70 CONTRACTS OF EXCHANGE FOR RISK FOR 350,000 OZ. THIS TOTAL WILL BE ADDED TO OUR REGULAR DELIVERY TOTALS FOR MARCH.

WE HAD A HUGE 688 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 0.865 MILLION OZ QUEUE JUMP TO WHICH WE ADD .350 EXCHANGE FOR RISK

INITIAL STANDING FOR MARCH ADVANCES TO 79.28 MILLION OZ (DATA IS CME CORRECTED AGAIN FROM YESTERDAY)

WE HAD:

/ MEGA HUMONGOUS COMEX OI GAIN+// A HUGE SIZED EFP ISSUANCE/ VI) HUMONGOUS SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1231 CONTRACTS)/A 70 CONTRACT EX. FOR RISK FOR 350,000 OZ/YESTERDAY!

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 365 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 9 DAYS, total 6316 contracts: OR 31.580 MILLION OZ (702 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 31.580 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: 31.580 MILLION OZ///

XXXXXXXXXXXXXXXXXXXXXXXXXXXX

RESULT: WE HAD A MEGA HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 5312 CONTRACTS WITH OUR GAIN IN PRICE OF 46 CENTS IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE 688 CONTRACT EFP ISSUANCE CONTRACTS: 668 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 0.865 MILLION OZ QUEUE JUMP//NEW STANDING ADVANCES TO 78.9300 MILLION OZ + .350 EX. FOR RISK//NEW TOTAL 79.28 MILLION OZ.

WE HAVE 1). A MEGA HUMONGOUS SIZED GAIN OF 6000 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUMONGOUS 1231 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//CONSIDERABLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON THURSDAY WITH 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 (1231 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND MOST LIKELY TODAY.

WE HAD 173 NOTICE(S) FILED TODAY FOR 0.865 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 HUMONGOUS SIZED 17,431 OI CONTRACTS TO 526,145 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 HUGE SIZED 6651 CONTRACTS//

WE HAD A HUGE SIZED INCREASE IN COMEX OI (17,431 CONTRACTS) OCCURRED WITH OUR GAIN OF $42.85 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 MEGA HUGE 213,100 OZ QUEUE JUMP (6.628 TONNES)//NEW STANDING ADVANCES TO 50.528 TONNES + .4655 TONNES EX FOR RISK = 50.994 TONNES

/NEW STANDING FOR MARCH; 50.528 TONNES + .4655 TONNES EX FOR RISK = 50.994 TONNES.

/ ALL OF THIS HAPPENED WITH OUR $42.85 GAIN IN PRICE WITH RESPECT TO THURSDAY’S COMEX ///. WE HAD AN ASTRONOMICAL SIZED GAIN OF 22,364 OI CONTRACTS (69.56 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 STRONG SIZED 4933 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 532,796

IN ESSENCE WE HAVE A HUGE SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 22,364 CONTRACTS WITH 17,431 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 4933 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 22,364 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A MEGA MEGA HUGE SIZED AND CRIMINAL 27,503 CONTRACTS ISSUED.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4933 CONTRACTS) ACCOMPANYING THE HUGE SIZED INCREASE IN COMEX OI OF 17,431 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 22,364 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 6.628 TONNES QUEUE JUMP. TO WHICH WE MUST ADD OUR NEW .4655 TONNES OF EX FOR RISK

//NEW STANDING ADVANCES TO 50.528 TONNES + .4655 TONNES EX FOR RISK = 50.994 TONNES

//NEW STANDING MARCH: 50..994 TONNES

/ 3) HUGE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE THURSDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WE HAD 1) $42.85 PRICE GAIN AND WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A HUGE GAIN OF 22,364 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. ALL OF THE GAIN IN OI WAS DUE TO THE HUGE NUMBER OF T.A.S. LIQUIDATION THURSDAY.

4) HUGE SIZED COMEX OPEN INTEREST INCREASE 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///MEGA MEGA HUGE T.A.S. ISSUANCE: 27,503 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: 20,243 CONTRACTS OF 2,024,300 OZ OR 62.96 TONNES IN 9 TRADING DAY(S) AND THUS AVERAGING: 2249 EFP CONTRACTS PER TRADING DAY

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TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 9 TRADING DAY(S) IN TONNES 62.96 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 62.96 DIVIDED BY 3550 x 100% TONNES = 1.77% 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 62.96 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 APRIL. 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 MEGA HUMONGOUS SIZED 5312 CONTRACTS OI TO 164,930 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 688 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

MAY 688 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 688 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 5312 CONTRACTS AND ADD TO THE 688 E.FP. ISSUED

WE OBTAIN A MEGA HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 6000 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 30.000 MILLION OZ OCCURRED WITH OUR $0.46 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 UP 60.63 PTS OR 1.81%

//Hang Seng CLOSED UP 497.33 PTS OR 2.12%

// Nikkei CLOSED UP 263.07 OR 0.72%//Australia’s all ordinaries CLOSED UP 0.59%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.2337 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2349/ Oil DOWN TO 67.04 dollars per barrel for WTI and BRENT DOWN TO 70.40 Stocks in Europe OPENED ALL MGREEN

ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING

STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

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 HUMONGOUS SIZED 17,431 CONTRACTS TO 532,796 WITH OUR STRONG GAIN IN PRICE OF $42.85 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 STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (4933 ).

THE CME ANNOUNCED THURSDAY NIGHT, 150 EXCHANGE FOR RISK CONTRACTS FOR 150,000 OZ OR 0.46656 TONNES. THIS IS THE FIRST ISSUANCE FOR MARCH.

IN FEBRUARY: WE HAD FIVE EXCHANGE FOR RISKS IN GOLD, 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 ASTRONOMICAL SIZED GAIN ON OUR TWO EXCHANGES OF 22,364 CONTRACTS WITH OUR HUGE 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 REVERTED BACK TO 1% BUT GOLD IN LONDON IS STILL 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 OF MARCH CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY TODAY INCLUDING WITH OUR HUMONGOUS T.A.S. ISSUANCES AND HUGE T.A.S. LIQUIDATION// MONDAY, TUESDAY WEDNESDAY THURSDAY AND NOW TODAY. THEY ISSUED ANOTHER HUGE 27,503 CONTRACT ANNOUNCEMENT AS PROMISED!. 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 THURSDAY. YOU WILL PROBABLY SEE NO MORE MONSTER ISSUANCES OF THESE T.A.S CONTRACTS. LET US SEE IF A RAID IS CALLED UPON.

THE FED IS THE OTHER MAJOR SHORT OF AROUND 22+ 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 211 212 213 AND TODAY 214 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 STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A STRONG SIZED 4933 EFP CONTRACTS WERE ISSUED: : /APRIL 4933 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 4933 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 HUMONGOUS SIZED TOTAL OF 22,364 CONTRACTS IN THAT 4933 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A MEGA HUMONGOUS GAIN OF 24,062 COMEX CONTRACTS..AND THIS GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR STRONG GAIN IN PRICE OF $42.85 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 ANOTHER MEGA HUGE SIZED SIZED 27,503 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 AND AGAIN THIS WEEK,, THE FED HAS BEEN 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. DURING OPTIONS EXPIRY WEEK, 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 ONLY THE PAPER PRICE OF GOLD LOWERING! . AND NOW WE HAVE ANOTHER 5 DAY MEGA ISSUANCE AND CORRESPONDING MEGA RAIDS WILL PROBABLY BE FORTHCOMING BUT SO FAR NOT YET. I WOULD LIKE TO POINT OUT THAT YESTERDAY’S 38,393 T.A.S. CONTRACT ISSUANCE IS THE HIGHEST ON RECORD!

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 THROUGH MARCH.

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. THEN THEY ISSUED IN LATE FEB, ANOTHER 5 CONSECUTIVE 30,000+ ISSSUANCES.THIS IS THE FIRST TIME IN COMEX HISTORY THAT WE WILL HAVE THREE CONSECUTIVE MONTHS OF MEGA HUGE T.A.S CONTRACT ISSUANCES: JANUARY, FEB AND MARCH WITH THIS MORNING’S ISSUANCE OF 27,503 CONTRACTS

STANDING FOR GOLD FOR THE PAST 4 PLUS YEARS:

// WE HAD A HUGE AMOUNT OF GOLD TONNAGE STANDING: MARCH (50.994 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 : 50.528 TONNES + .4665 TONNES EX FOR RISK = 50.994 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 EX FOR RISK

= 256.607 TONNES.

MARCH: 50.994 TONNES

COMEX GOLD TRADING/MARCH CONTRACT MONTH

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $42.85/)/AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A MEGA HUMONGOUS SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD HUGE 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 NIGHT/FRIDAY 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.

EXCHANGE FOR RISK CONTRACTS/MONTH FOR MARCH

EARLY THIS MORNING THE CME NOTIFIED US THAT WE HAD OUR FIRST EXCHANGE FOR RISK CONTRACT ISSUANCE FOR 150 CONTRACTS REPRESENTING 15,000 OZ OF GOLD OR .46656 TONNES. THE BANK OF ENGLAND IS STILL NOT SATISFIED AS THEY NEED TO RETRIEVE ALL OF ITS LOST GOLD THROUGH LEASING! THE 15,000 OZ WILL BE ADDED TO TODAY’S NORMAL DELIVERY TOTAL.

TOTAL INITIAL DELIVERIES MARCH GOLD TRADING

MARCH: 50.528 TONNES + .46556 TONNES EX FOR RISK = 50.994

WE HAVE GAINED A HUGE SIZED TOTAL OF 69.56 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR MARCH (31.753TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S MEGA HUMONGOUS QUEUE JUMP OF 213,100 OZ OR 6.628 TONNES: NEW TOTAL STANDING 50.528 TONNES TO WHICH WE ADD OUR .4665 TONNES OF EXCHANGE FOR RISK//NEW TOTAL: 50.994 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $42.85

WE HAD 5551 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL

NET GAIN ON THE TWO EXCHANGES 22,364 CONTRACTS OR 2,236,400 0Z (69.56 TONNES)

confirmed volume THURSDAY 335,776 contracts: fair///

//speculators have left the gold arena

END

MARCH

// THE MARCH 2025 GOLD CONTRACT

MARCH 14

INITIAL

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	1 entry Out of London: 320,780.35 oz Brinks enhanced 802 London good delivery bars .
Deposit to the Dealer* Inventory in oz*	1 entries dealer deposits: 1 i) Into Loomis dealer; 32,118.849 oz 999 kilobars total deposit dealer 32,118.849 oz or .999 tonnes
Deposits to the Customer* Inventory, in oz*	we have 1 customer deposit: 1 ENTRIES I) Into Brinks 160,639.746 oz total deposit 160,639.746 oz 4.996 tonnes total dealer and customer deposit in tonnes: 5.997 tonnes
No of oz served (contracts) today	2130 notice(s) 213,000 OZ 6.625 TONNES
No of oz to be served (notices)	74 contracts 7400 OZ 0.2301 TONNES
Total monthly oz gold served (contracts) so far this month	16,171 notices 1,617,100 oz 50.299 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: 1

i) Into Loomis dealer;

32,118.849 oz 999 kilobars

total deposit dealer 32,118.849 oz

xxxxxxxxxxxxxxxx

we have 1 customer deposits:

1 ENTRIES

I) Into Brinks 160,639.746 oz

total deposit 160,639.746 oz 4.996 tonnes

total dealer and customer deposit in tonnes: 5.997 tonnes

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

withdrawals: 1

1 entry

Out of London:

320,780.35 oz

Brinks enhanced

802 London good delivery bars

xxxxxxxxxxxxxxxxxx

adjustments:1

i) Out of Brinks/customer to dealer: 160,787.151 oz

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR MARCH

THE FRONT MONTH OF MARCH HAD A GAIN OF 1969 CONTRACTS TO STAND AT 2204. WE HAD 162 CONTRACTS SERVED ON THURSDAY SO WE GAINED A HUMONGOUS 2131 CONTRACTS FOR 213,100 OZ (6.628 TONNES AS A PHYSICAL GOLD QUEUE JUMP. THIS IS CENTRAL BANKS LOOKING FOR BADLY NEEDED GOLD AND THIS BECOMES THE HIGHEST EVER QUEUE JUMP SURPASSING OUR MEGA HUGE 5 + TONNES LAST MONTH.

APRIL HAD A LOSS OF 1131 CONTRACTS DOWN TO 271,147 CONTRACTS AS THIS MONTH BECOMES THE FRONT MONTH. APRIL IS STILL QUITE LOFTY AND NO DOUBT WE WILL HAVE A HUMONGOUS AMOUNT OF GOLD STANDING FOR THE APRIL DELIVERY MONTH!

MAY GAINED 402 CONTRACTS UP TO 815.

We had 2130 contracts filed for today representing 213,000oz

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 2130 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 168 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 (16,171 X 100 oz ) to which we add the difference between the open interest for the front month of MARCH.(2204 CONTRACTS) minus the number of notices served upon today (2130 x 100 oz per contract) equals 1,624,500 OZ OR 50.528 TONNES to which we add our .4665 tonnes exchange for risk//new total tonnage standing: 50.994 tonnes

thus the INITIAL standings for gold for the MARCH contract month: No of notices filed so far (16,171x 100 oz +we add the difference for front month of MARCH (2204 OI} minus the number of notices served upon today (2130 x 100 oz) which equals 1,624,500 OR 50.528 TONNES + .4665 ex for risk //new total 50.994 tonnes

TOTAL COMEX GOLD STANDING FOR MARCH.: 50.994 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: 2,010,496.930 oz 62.53 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 40,431,740.260 OZ .oz

TOTAL REGISTERED GOLD 19,972,670.410 or 621.23 tonnes

TOTAL OF ALL ELIGIBLE GOLD: 20,459,069.850 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 17,662,174oz (REG GOLD- PLEDGED GOLD)= 558.69 tonnes //

END

SILVER/COMEX

// THE MARCH 2025 SILVER CONTRACT//INITIAL

MARCH 13

INITIAL

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	0 entries
Deposits to the Dealer* Inventory*	1 entries 0 entry
Deposits to the Customer Inventory	4 entries i) Into Brinks customer acct 724,011.300 oz ii) Into Loomis 626,,164.260 oz iii) Into CNT 598,804.146 oz oz iv)Into JPMorgan customer acct 1,230,877.511 oz v) Into Manfra 296,554.249 oz total weight; 2.877,607.309 OZ
No of oz served today (contracts)	173 CONTRACT(S) (0.865 MILLION OZ
No of oz to be served (notices)	1979 contracts (9.895 MILLION oz)
Total monthly oz silver served (contracts)	13,807 Contracts (69.035 million oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit/

0 entry

total dealer withdrawals: 0 oz

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deposits customer side

4 entries

i) Into Brinks customer acct 724,011.300 oz

ii) Into Loomis 626,,164.260 oz

iii) Into CNT 598,804.146 oz oz

iv)Into JPMorgan customer acct 1,230,877.511 oz

v) Into Manfra 296,554.249 oz

total weight; 2.877,607.309 OZ

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

withdrawals 0

xxx

ADJUSTMENTs 1

customer to dealer:

a) Brinks 756,313.400 oz

JPMorgan has a total silver weight: 176.552million oz/443.699 oz million or 39.86%

TOTAL REGISTERED SILVER: 148.702 MILLION OZ//.TOTAL REG + ELIGIBLE. 443.699Million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR MARCH

silver open interest data:

FRONT MONTH OF MARCH /2025 OI: 2152 OPEN INTEREST CONTRACTS FOR A LOSS OF 113 CONTRACTS.WE HAD 286 CONTRACTS SERVED ON THURSDAY SO WE GAINED 173 CONTRACTS OR 2.115 MILLION COMEX OZ STANDING UNDERWENT A MASSIVE QUEUE JUMP LOOKING FOR METAL OVER ON THIS SIDE OF THE POND. WE MUST NOW ADD THAT CRAZY 70 CONTRACT EX FOR RISK/PRIOR FOR 350,000 OZ. THE BANK OF ENGLAND OR ANOTHER OFFICIAL ENTITY IS ASSUMING THE RISK OF DELIVERY AND THE COUNTERPARTY ARE BULLION BANKS WHO CANNOT GUARANTEE DELIVERY.

APRIL SAW ANOTHER GAIN OF 19 CONTRACTS TO STAND AT 2014

MAY SAW A GAIN OF 4350 CONTRACTS UP TO 126,039 CONTRACTS

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 173 or .865 MILLION oz

CONFIRMED volume; ON THURSDAY 82,849 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 13,807 X5,000 oz = 69.035 MILLION oz

to which we add the difference between the open interest for the front month of MAR (2152) AND the number of notices served upon today (173 )x (5000 oz)

Thus the standings for silver for the MARCH 2025 contract month: (13,807) Notices served so far) x 5000 oz + OI for the front month of MAR(2152) minus number of notices served upon today (173)x 5000 oz equals silver standing for the MARCH contract month equating to 78.930 MILLION OZ TO WHICH WE ADD .350 MILLION OZ EX FOR RISK//NEW TOTAL 79.28 MILLION OZ//

New total standing: 79.28 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 148.702million 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 14 WITH GOLD UP $9.75 TODAY HUGE CHANGES IN GOLD AT THE GLD:A MONSTER DEPOSIT OF 7.17 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 905.81 TONNES

MARCH 13 WITH GOLD UP $42.85 TODAY HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 3.44 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 898.64 TONNES

MARCH 12 WITH GOLD UP $22.10 TODAY HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 3.90 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 895.20 TONNES

MARCH 11 WITH GOLD UP $21.20 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.45 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 891.30 TONNES

MARCH 10 WITH GOLD DOWN $12.45 TODAY HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 4.30 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 894.317 TONNES

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: 905.81 TONNES, TONIGHTS TOTAL

SILVER

MARCH 14 WITH SILVER UP $0.04 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.910 MILLION OZ INTO THE THE SLV. //INVENTORY AT SLV RESTS AT 435.454 MILLION

MARCH 13 WITH SILVER UP $0.46 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.774 MILLION OZ OUT OF THE THE SLV. //INVENTORY AT SLV RESTS AT 434.544 MILLION

MARCH 12 WITH SILVER UP $0.57 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.032 MILLION OZ OUT OF THE THE SLV. //INVENTORY AT SLV RESTS AT 435.318 MILLION

MARCH 11 WITH SILVER UP $0.60 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.816 MILLION OZ INTO THE THE SLV. //INVENTORY AT SLV RESTS AT 436.410 MILLION

MARCH 10 WITH SILVER DOWN 25 CENTS/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.276 MILLION OZ INTO THE THE SLV. //INVENTORY AT SLV RESTS AT 435.591 MILLION

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 3 WITH SILVER UP ONE CENT //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.550 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 446.331 MILLION OZ

JAN 31 WITH SILVER DOWN $0.19 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.369 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 448.881 MILLION OZ

jAN 30 WITH SILVER UP $0.76 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 2.003 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 451.249 MILLION OZ

jAN 29 WITH SILVER UP $0.34 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.639 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 453.252 MILLION OZ

jAN 28 WITH SILVER UP $0.34 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.821 MILLION OZ OUT OF THE SLV./. /

jAN 27 WITH SILVER DOWN $.61 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.64 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 457.395 MILLION OZ

JAN 24 WITH SILVER DOWN $.21 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 1.64 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 457.395 MILLION OZ

JAN 23 WITH SILVER DOWN $.41 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV : A MASSIVE WITHDRAWAL OF 4.738 MILLION OZ OUT OF THE SLV./. //INVENTORY AT SLV RESTS AT 459.035 MILLION OZ

JAN 22 WITH SILVER UP $.08 //SMALL CHANGES IN SILVER INVENTORY AT THE SLV : A DEPOSIT OF 0.721 MILLION OZ INTO THE SLV./. //INVENTORY AT SLV RESTS AT 464.043 MILLION OZ

JAN 20 WITH SILVER DOWN $.09 //NO CHANGES IN SILVER INVENTORY AT THE SLV : A WITHDRAWAL OF 1.568 MILLION OZ FROM THE SLV./. //INVENTORY AT SLV RESTS AT 463.315 MILLION OZ

CLOSING INVENTORY 435.454 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

Alasdair Macleod..

Gold and silver soar

In this report, we examine technical and market positions for gold and silver, concluding that $3,000 is not a hurdle for gold and that silver has significant catching up yet to do.

Alasdair MacleodMar 14∙Paid

READ IN APP

Gold and silver rose strongly this week, with gold going into new high ground, while silver, which has underperformed gold recently is catching up rapidly. In European morning trade, gold was $2999, up $90. And silver at $33.98 rose $1.48. That makes gold up 14% so far this year, while silver is up 18% — strong performances in sharp contrast relative to other asset classes which are sliding into bear markets.

This performance is beginning to be noticed by the investment management industry, which is severely underweight. Beginning to reflect this, trading volumes for gold futures have picked up, along with open interest on Comex. In the chart below, note how open interest (the black line) can easily rise towards 600,000 contracts before indicating gold futures being overbought.

What does this mean?

Quite simply, because gold (and silver) are the only bull markets for hedge fund traders, they are likely to continue to buy futures and sell dollars — their classic pairs trade. With the Swaps short and being squeezed again, it would appear that the psychological $3,000 level will be easily overcome.

Next up is gold’s technical chart:

Clearly, gold is being rerated against a background of limited physical liquidity. Global liquidity has been sucked out of every nook and cranny into Comex warehouses, as shown by the next chart from MacroMicro:

Comex stocks are now the highest ever, but it appears that most of it is spoken for. In the last four calendar years, some 2,000 tonnes have been stood for delivery. The decline in stocks from 16 February 2021 to last October was 675 tonnes, leaving about 1,300 tonnes of stand-for-deliveries yet to be accounted for. And since 1 January, at 344.39 tonnes the pace of these deliveries has accelerated to an equivalent rate of over 1,700 tonnes for this year.

It looks like the bear squeeze is not over yet.

Silver has woken from its recent slumbers and started to outperform gold again, with the gold/silver ratio dropping from end-February highs of 92.4 to 88.2 currently. Silver’s technical chart is next:

This is one of the most bullish technical positions you are likely to see. The price having tested support on the rising 55-day MA and broken above its recent minor consolidation range should find the $35 level no impediment to further gains.

Other than the long-term physical supply shortages in silver, it should be noted that the rise in gold surely anticipates future weakness in fiat currencies and is therefore leading key industrial metals higher, priced in them. Copper is up 23% since 1 January, and hot-rolled coil steel up 32%. Admittedly, other metals are yet to follow. But we can see every reason why as an industrial metal which has lagged gold silver has significant catching up yet to do.

In an attempt to quantify this, we need to look at the gold-silver ratio chart.

Firstly, we must discount the extraordinary spike to 125 on 19 March 2020, just ahead of Covid when silver was sold down to $11.64. Otherwise, there has been a cap on the ratio at about 93 (the upper pecked line) and an apparent floor in the mid-60s. A ratio of 65 would take silver to $46 at the current gold price, but it would need a bullish gold market to make that prospect meaningful.

That’s what we have. ETF gold demand is at last beginning to have a positive effect, illustrated by the World Gold Council’s chart, which is next.

The dramatic pickup in physical ETF demand is an additional factor catching the gold market short. It is evidence that having ignored gold so far, the wider investment community is now getting on board. The hedge funds see it and are set to increase their buying of futures and leveraged ETFs — nothing else is performing so well. The bullion banks also now see it, and for them the jig is up.

In conclusion, only now are western capital markets with their massive buying power turning bullish for gold and silver.

JAN NIEUWENHUIJS

Jan Nieuwenhuijs Exposes Faulty Audits of U.S. Gold Reserves

The global gold market is experiencing seismic shifts, and according to Jan Nieuwenhuijs, a gold market analyst for Money Metals, key developments in gold flows, central bank holdings, and U.S. gold policy signal significant changes ahead.

In a recent interview with Tom Bodrovics on Palisades Gold Radio, Nieuwenhuijs provided insights into the movement of gold from London to the COMEX, the controversial audit history of U.S. gold reserves, and the growing role of gold in the international monetary system.

Gold Flow from London to the U.S.: Trade Tariffs and Arbitrage

One of the most significant trends in the gold market has been the movement of gold out of the London Bullion Market Association (LBMA) vaults and into the U.S. COMEX system.

According to Nieuwenhuijs, this shift began when Donald Trump was elected in 2016, and fears of potential tariffs prompted bullion banks and traders to move gold into the U.S.

“We saw a premium rising on COMEX relative to the London spot price, and this was very much tied to tariff concerns,” Nieuwenhuijs explained. “Some dealers wanted to secure gold inside the U.S. before any tariffs were imposed, while others saw an opportunity to arbitrage between the two markets.”

JP Morgan and other bullion banks played a significant role in this arbitrage, purchasing gold in London at a lower price, refining it in Switzerland into 100-ounce and kilo gold bars, and then delivering it to COMEX. The result was record-breaking delivery volumes at COMEX, reflecting rising demand for physical gold within the U.S.

However, Nieuwenhuijs noted that the continuation of this trend remains uncertain.

“Trump’s stance on tariffs has been inconsistent; we have to wait and see how the gold market reacts,” he said.

The U.S. Gold Reserves: A Controversial Audit History

One of the most contentious topics in the gold market is the status of the U.S. gold reserves, particularly those stored at Fort Knox, West Point, and Denver. Despite claims by the U.S. Treasury that the gold is audited, Nieuwenhuijs has written extensively on the flaws in these audits.

The most recent U.S. gold audit began in 1974 following public pressure. The plan was to inspect 10% of the reserves annually, completing a full audit by 1983. However, by 1993, not only had the process failed to meet this timeline, but compartments were inexplicably reopened multiple times—violating the intended audit procedure and responsible practices.

“The idea was that once a compartment was audited, it would be sealed permanently,” Nieuwenhuijs explained. “Yet, in the 1990s and 2000s, we saw compartments being reopened multiple times with no clear justification.”

By 2008, a full inventory check had been completed, but since then, only the seals on vaults have been inspected—not the gold itself. Questions remain about whether any of the U.S. gold has been leased, swapped, or otherwise encumbered in financial transactions — such activities have never been disclosed or potentially even examined.

Nieuwenhuijs called for a new, independent audit, stating, “We need a transparent process with third-party verification to truly confirm that the gold is there.”

Gold Revaluation and Its Impact on U.S. Financial Policy

A crucial issue tied to U.S. gold policy is the valuation of its reserves. Currently, the U.S. Treasury values its gold holdings at just $42.22 per ounce—far below the market price of over $2,000 per ounce.

“This outdated valuation is a legacy from the Bretton Woods system, which collapsed in the 1970s,” Nieuwenhuijs said. “While other central banks mark their gold to market value, the U.S. continues to downplay gold’s role, which aligns with its strategy to maintain the dollar’s dominance.”

Revaluing gold to its market price could unlock approximately $700–800 billion in new liquidity for the U.S. government. This money could be used to reduce the national debt or fund economic stimulus programs, though such a move would also acknowledge the long-term depreciation of the Federal Reserve note dollar against gold.

“If the U.S. were to revalue its gold and use it as collateral for spending, it would inject a massive amount of liquidity into the economy, which could be highly inflationary,” Nieuwenhuijs cautioned.

China’s Secret Gold Accumulation and the Eastern Shift

While the U.S. government has been reluctant to highlight gold’s importance, China has taken the opposite approach—quietly amassing massive gold reserves while downplaying its official numbers.

Officially, the People’s Bank of China (PBOC) reports purchasing only 5 tons of gold per month. However, Nieuwenhuijs believes the real figure is closer to 50–70 tons per month when accounting for undisclosed purchases in London and other markets.

“China wants to reduce its dependency on the U.S. dollar, but they don’t want to make it obvious,” Nieuwenhuijs noted. “If the world knew exactly how much gold China was buying, the price would skyrocket, making it harder for them to accumulate more.”

China’s approach aligns with broader trends in the East, where countries like Russia, Saudi Arabia, and India are also increasing their gold holdings to hedge against financial instability and potential sanctions.

A Global Deleveraging and the Future of Gold

The increasing demand for gold from central banks signals a broader economic shift.

According to Nieuwenhuijs, the world is at the end of a major debt cycle, where excessive credit expansion has created imbalances that must now be corrected.

One way to address these imbalances is by allowing the price to rise, increasing the base of the global financial system while reducing reliance on debt-backed assets.

“Gold is at the bottom of the financial pyramid, with everything else—stocks, bonds, and currencies—resting on top of it,” Nieuwenhuijs explained. “When there is too much leverage in the system, gold’s role as a neutral asset becomes more important.”

As geopolitical uncertainty grows and economic policies become more erratic, Nieuwenhuijs believes gold will play an increasingly critical role in the global monetary system.

“The world is shifting, and gold is the asset that provides stability,” he concluded. “We’re seeing central banks position themselves for this new reality, and that’s a powerful signal for where gold is headed.”

Final Thoughts

The gold market is undergoing profound changes, driven by global trade tensions, geopolitical uncertainty, and shifting central bank policies. The movement of gold from London to the U.S., the lack of transparency in U.S. gold audits, and China’s aggressive accumulation all point to a world where gold is becoming more valuable as a financial anchor.

For investors and policymakers alike, understanding these trends is crucial. Whether through revaluing reserves, increasing transparency, or shifting away from dollar dependence, the role of gold in the global economy is poised to expand significantly in the years ahead.

3. CHRIS POWELL AND DAILY GATA DISPATCHES

Episode 214

youtube.com/watch?v=E_A-wvLnyL0

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

6 CRYPTOCURRENCY NEWS

ASIA TRADING FRIDAY MORNING THURSDAY NIGHT

SHANGHAI CLOSED UP 60.63 PTS OR 1.81%

//Hang Seng CLOSED UP 497.33 PTS OR 2.12%

// Nikkei CLOSED UP 263.07 OR 0.72%//Australia’s all ordinaries CLOSED UP 0.59%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.2337 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2349/ Oil DOWN TO 67.04 dollars per barrel for WTI and BRENT DOWN TO 70.40 Stocks in Europe OPENED ALL MGREEN

ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING

STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

END

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

ONSHORE YUAN: CLOSED UP AT 7.2337

OFFSHORE YUAN: DOWN TO 7.2349

SHANGHAI CLOSED CLOSED UP 60.83 PTS OR 1.81%

HANG SENG CLOSED CLOSED UP 497.33 PTS OR 2.12%

2. Nikkei closed UP 263.07 OR 0.72%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX UP TO 103.67// EURO RISES TO 1.0897 UP 42 BASIS PT HEADING TO PARITY WITH USA

3b Japan 10 YR bond yield: FALLS TO. +1.500//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 148.17…… 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 DOWN CHINESE ONSHORE YUAN: UP OFFSHORE: UP

3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA

Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.

3g Oil DOWN for WTI and DOWN FOR BRENT this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.9295/Italian 10 Yr bond yield UP to 3.987 SPAIN 10 YR BOND YIELD UP TO 3.545

3i Greek 10 year bond yield UP TO 3.731

3j Gold at $2995.40 Silver at: 33.93 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 0 AND 65 /100 roubles/dollar; ROUBLE AT 85.60

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 148.75 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.500 % 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 0.8849 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9640 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: 4.302 UP 3 BASIS PTS…

USA 30 YR BOND YIELD: 4.625 UP 3 BASIS PTS/

USA 2 YR BOND YIELD: 3.973 UP 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 36.68…

10 YR UK BOND YIELD: 4.7580 UP 1 PTS

10 YR CANADA BOND YIELD: 3.097 UP 5 BASIS PTS

5 YR CANADA BOND YIELD: 2.749 UP 3 PTS.

2a New York OPENING REPORT

Futures, Yields, Gold All Jump After Schumer Caves To Keep Government Open

Friday, Mar 14, 2025 – 08:17 AM

US equity futures and global stocks rose as the threat of a US government shutdown receded, removing at least one element of uncertainty confronting investors. Meanwhile, gold hit a record above $3,000 an ounce as the precious metal already anticipates the stimulus flood that is coming over the horizon.As of 8:00am S&P futures are higher by 0.9% as a stopgap funding bill is set to pass in Congress after top Senate Democrat Chuck Schumer caved and opted not to block the measure. That helped lift the mood after the benchmark index extended its three-week rout beyond a 10% correction on Thursday. Nasdaq 100 futures advanced 1.2% with Nvidia leading premarket gains among the Mag7. In Europe, the Stoxx 50 advances 1.3% with outperforming sectors including consumer staples and materials; Asian stocks were also higher. Bond yields are 1-3bp higher this morning; the USD fell as the EUR surged after politicians agreed to a deal to drown Germany in debt to fund “military spending.” Commodities are higher led by Oil (WTO +1.0%) and Iron (+1.5%). Since yesterday’s close, there has been some positive developments on macro policies: meeting between Lutnick and Ontario’s Ford was viewed as positive; the US government managed to avoid the shutdown. Internationally, China will hold a press briefing next Monday to outline some additional measures boost consumer; Japan announced the largest pay hike in over three decades (+5.36% average pay gain and +3.84% base pay vs. 3.8% JPMe vs. 3.7% last year), a positive catalyst for consumption growth, yet not enough to push the yen higher. Today’s calendar includes March preliminary University of Michigan sentiment at 10am where consensus expects a 63.0 print.

In premarket trading, Nvidia is leading gains among the Magnificent Seven stocks as the group attempts to stage a rebound after the S&P 500 tumbled into its first 10% correction in almost two years. Alphabet +0.9%, Amazon +1.2%, Apple +0.5, Microsoft +0.7%, Meta +1.5%, Nvidia +2% and Tesla +1.7%. Applied Optoelectronics surges 55% after the maker of fiber-optic networking products entered a warrant agreement with Amazon. Ulta Beauty jumped 6% after reporting earnings per share for the fourth quarter that beat the average analyst estimate. Here are some other notable premarket movers:

Crown Castle rises 5% after agreeing to sell separate parts of its fiber business to an EQT AB fund and Zayo Group Holdings Inc. for a combined value of $8.5 billion.
DocuSign jumps 9% after the e-signature software company posted quarterly results that beat expectations and gave a billings outlook that’s seen as positive.
Gogo rises 13% after the in-flight broadband company forecast revenue for 2025 that beat the average analyst estimate.
Peloton Interactive gains 6% as Canaccord upgrades its rating and says the company is set to reap the benefits of being the “clear leader” in the connected fitness market.
Radius Recycling soars 110% after Toyota Tsusho’s US unit, Toyota Tsusho America, agreed to buy all shares in cash for $30 a share.
Rubrik surges 18% after the data security software company gave an outlook that is stronger than expected.
Semtech rises 12% after the semiconductor device company gave an outlook that’s seen as better than feared.
Xponential Fitness drops 31% after the franchiser of boutique fitness brands gave disappointing full-year forecasts.

Spot gold briefly rose above $3,000/oz for the first time while broader risk sentiment improved after Senate Democratic leader Chuck Schumer dropped his threat to block a Republican spending bill, thus lowering the chances of a US government shutdown on Saturday.

“It looks like the budget bill is still going through despite some opposition from Democrats and this has lifted sentiment in the US and probably there is also some spillover effect to Europe,” Julius Baer & Co. economist Sophie Altermatt said. “This might be just some reprieve, given we had so many uncertainties with erratic policy moves in the US,” she added.

Avoiding a government shutdown would remove a concern for traders, already fretting over threats to the world economy from President Donald Trump’s tariff war. Two months into Trump’s presidency, $5 trillion has been erased from US stocks. Those risks are spurring demand for haven assets, with investors the most bullish on Treasuries relative to stocks for at least three years, according to Bloomberg Markets Live Pulse survey. It’s also pushed gold to successive record highs, with the yellow metal now up more than 14% year-to-date.

“Gold is in a secular bull market,” said Peter Kinsella, head of foreign exchange strategy at Union Bancaire Privee UBp SA, who expects prices to reach $3,300 an ounce by year end. “For sure, that’s down to uncertainty caused by US trade policies but central bank demand is also a big factor.”

Some strategists reckon relief could be on the horizon for risk assets after the recent selloff. While the S&P 500 has plunged 10% off its February peak into correction territory, Bank of America’s Michael Hartnett said there’s unlikely to be a slide into a new bear market: “Fresh declines in stock prices will provoke flip in trade and monetary policy,” Hartnett wrote in a note, recommending buying the S&P 500 at 5,300 points, a 4% drop from current levels.

In Europe, German conservative leader Friedrich Merz reached a tentative agreement with the Green party on a debt-funded spending package for defense and infrastructure. The deal needs to be approved by party lawmakers and would release defense spending from debt restrictions and set up a €500 billion fund for infrastructure investment.

The Stoxx 600 climbs 0.4% as miners gained on expectations of economic support measures from China, even as benchmark indexes headed for a second straight week of declines. Carlsberg jumps on an upgrade from RBC, while Kering sinks after appointing a new artistic director to its key Gucci brand. Here are the biggest movers Friday:

Carlsberg gains as much as 4.1% after it and its peer Heineken were upgraded to outperform at RBC, noting the companies have been “prudent” in setting expectations in what is in an unusually “opaque” outlook
Adecco gains 3.6% and Hays gains 7% after BNP Paribas Exane upgraded Adecco to outperform, and double upgrades Hays to outperform, as staffing agencies are moved to the top of broker’s sub-sector preferences
Sectra gains as much as 12%, the most since December 2023, after the Swedish healthcare and cybersecurity firm reported 3Q earnings which beat expectations on most metrics, including revenues and profit
European sectors with heavy China exposure are getting a boost on Friday as the Chinese benchmark stock index rallied the most in two months on expectations of economic support from Beijing
Brunello Cucinelli shares rise as much as 3.7% as a broadly in-line set of earnings from the Italian luxury goods maker demonstrated its resilience against a tough backdrop for the broader sector
Kering falls as much as 10%, the biggest one-day drop in a year, after the luxury goods maker caught investors off-guard with its surprise appointment of Demna Gvasalia as Gucci’s new artistic director
Universal Music Group slumps as much as 11% after shareholder Pershing Square offloaded shares in the music company at a discount to yesterday’s close. Shares have fallen below the offer price
BMW falls as much as 4.5% after the German automotive firm reported disappointing guidance and missed expectations in its 4Q report, with analysts flagging the firm’s margin outlook as a particular disappointment
Swiss Life shares fall as much as 6.2%, the most in a year. The financial services company reported results that matched expectations, but were deemed insufficient by analysts
Bodycote slumps as much as 18%, the most in five years, after the heat-treatment specialist delivered its FY results, with analysts cite automotive and industrial weakness for likely mid-single-digit cuts
GN Store Nord shares are among the worst performers in the Stoxx 600 Health Care Index on Friday morning, after Bernstein re-initiated coverage of the stock with an underperform rating
El.En shares dropped as much as 8.5% in Milan trading, the most since May 16, after the Italian medical devices company reported FY earnings, indicating a “complex” outlook for 2025

Earlier in the session, Asian equities also advanced, propelled by a rally in Chinese shares as investor optimism for more policy support rose ahead of a press briefing on government efforts to boost consumption. The MSCI Asia Pacific Index rose as much as 0.9%, with Tencent and Alibaba among the biggest boosts. China’s onshore CSI 300 Index and Hong Kong’s Hang Seng China Enterprises Index each jumped more than 2%. China optimism rose on the announcement that officials from the finance ministry, commerce ministry, central bank and other government bodies are scheduled to hold a briefing on consumption Monday. The news provided traders further assurance that Beijing is determined to fix one of the weakest links in the economy. Word of the press conference “fanned expectations” for policy support, said Shen Meng, a director at Beijing-based investment bank Chanson & Co. “But if it falls short of providing details on increasing income, such optimism may weaken to some extent.” Stocks in Japan and Australia also rose, and US futures rebounded following the S&P 500’s drop into a technical correction Thursday. Rising prospects for a stopgap funding bill to avoid a US government shutdown provided some reassurance for markets amid continued concerns over economic growth and tariffs.

In FX, the Bloomberg Dollar Spot Index drops; The Japanese yen is the weakest of the G-10 currencies, falling 0.7% against the dollar even as Japan’s largest labor union group said its workers secured the highest pay deal in more than three decades. The pound falls 0.2%, extending its drop after data showed the UK economy unexpectedly shrank at the start of 2025. The Euro jumped above 1.09 after German conservative leader Friedrich Merz reached a tentative agreement with the Green party on a debt-funded spending package for defense and infrastructure. The deal needs to be approved by party lawmakers and would release defense spending from debt restrictions and set up a €500 billion fund for infrastructure investment.

In rates, treasury futures trend lower into the early US session. Treasury yields are cheaper by 1bp to 3bp across the curve with 10-year trading around 4.18%, cheaper by 3bp on the day with bunds lagging by 4bp in the sector and 10-year French bonds lagging 2bp. Bunds slid to lows of the day and French 30-year yields rose to the highest since 2011, after a report that German parties have reached an agreement with the Greens on a debt package. Advance in US stock futures adds to cheapening pressure on Treasury yields with University of Michigan sentiment data the focus for the US session.

In commodities, WTI rises 1% to ~$67 a barrel. The upbeat mood is evident elsewhere as Bitcoin climbs rises 3% toward $83,000. Gold traded briefly at a record price just above $3000 before modestly fading gains.

Looking at today’s calendar, the US economic data calendar includes March preliminary University of Michigan sentiment at 10am. Fed officials are in external communications blackout ahead of March 19 policy announcement.

Market Snapshot

S&P 500 futures up 0.9% to 5,576
STOXX Europe 600 up 0.4% to 542.64
MXAP up 0.5% to 185.46
MXAPJ up 0.9% to 581.19
Nikkei up 0.7% to 37,053.10
Topix up 0.6% to 2,715.85
Hang Seng Index up 2.1% to 23,959.98
Shanghai Composite up 1.8% to 3,419.56
Sensex down 0.3% to 73,828.91
Australia S&P/ASX 200 up 0.5% to 7,789.68
Kospi down 0.3% to 2,566.36
German 10Y yield little changed at 2.88%
Euro little changed at $1.0854
Brent Futures up 0.9% to $70.51/bbl
Brent Futures up 0.9% to $70.51/bbl
Gold spot up 0.0% to $2,990.02
US Dollar Index little changed at 103.93

Top Overnight News

US equity futures are rallying after Senate Democratic leader Chuck Schumer dropped his threat to block a key spending bill, cutting the risk of a disruptive March 15 shutdown. BBG
US Senate Minority Leader Schumer said he will vote to keep the government open and not shut it down. It was separately reported that multiple US Democratic Senators and aides indicated sufficient Democratic support for cloture on the House-passed continuing resolution in Friday morning’s vote: Punchbowl.
US President Trump is to sign executive orders on Friday at 12:00EDT/16:00GMT.
US Vice President Vance said can never predict the future but thinks the economy is strong when asked if he could rule out a recession, according to a Fox News interview,
US Treasury Secretary Bessent said they hopefully won’t get a recursive ‘Biden-flation’ and said they are very vigilant and it could happen again. Bessent added that before they can bring down inflation, they also want to help affordability and as they bring down inflation, they want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments.
Merz Said to Reach Tentative Deal With Greens on German Debt: BBG
Ontario Premier Doug Ford lauded his Thursday meeting with Commerce Secretary Howard Lutnick as “positive” and “productive” after their public rift over tariffs on imported goods. “We shared a tremendous amount of views back and forth, and I’m feeling very positive,” Ford told reporters outside the U.S. Department of Commerce building. The Hill
Chinese stocks jumped on Friday after Beijing promised new measures to help consumers, defying a Wall Street sell off and pushing the country’s main stock index into positive territory for the year. Chinese authorities announced late on Thursday that they would hold a press conference on “boosting consumption” on Monday. FT
China is increasingly concerned not just about US tariffs, but also the risk that Washington will direct other countries (like Mexico, Brazil, etc.) to ramp duties on Chinese imports as well. NYT
China may slash pay by 50% for fund managers who underperform their benchmarks, people familiar said, as part of a broader overhaul of the country’s mutual fund industry. BBG
Ukrainian drones attacked Moscow for the second day in a week, as US special envoy Steve Witkoff left the country, Russian news services reported. The attacks also triggered a massive fuel tank fire at one of Russia’s biggest oil refineries. BBG
The UK economy unexpectedly shrank 0.1% in January, hit by declines in manufacturing and construction. The pound slipped. BBG
Investors are the most bullish on Treasuries relative to stocks in at least three years, according to a MLIV survey. As tariff policies threaten US exceptionalism, some 77% see bonds giving a better volatility-adjusted return over the next month. BBG

Tariffs/Trade

Canada’s Finance Minister LeBlanc said they agreed to continue discussions in the meeting with US Commerce Secretary Lutnick, while they have been clear that they will not reopen USMCA provisions on dairy and didn’t discuss that with Lutnick.
Canada’s Industry Minister Champagne said there was a mutual understanding that there is an impact on both sides of the border from tariffs and they talked about issues around economic security and national security with US Commerce Secretary Lutnick. Furthermore, they talked about Canadian aluminium steel and how they can help the US
Ontario’s Premier Ford said they had a productive meeting with US Commerce Secretary Lutnick and will have another meeting next week, while he feels temperatures are decreasing and said it was the best meeting they had since tariff talks began.
ECB President Lagarde said US President Trump’s policy decisions cause concern and warned trade conflict will damage the worldwide economy, according to an interview with BBC.

A more detailed look at global markets courtesy of Newsquawk

APAC stocks were mostly positive as risk sentiment gradually improved following the negative lead from Wall St where the S&P 500 slipped into a technical correction amid tariff concerns after President Trump threatened 200% tariffs on EU wine and champagne. ASX 200 gained as strength in mining, materials, resources and utilities atoned for the losses seen in the energy, financials and tech industries. Nikkei 225 staggered at the open with pressure from recent currency strength but then recovered soon after as the yen steadily pared its recent gains. Hang Seng and Shanghai Comp advanced with the Hang Seng resuming the outperformance which has helped the index notch gains of around 22% so far this year, while the PBoC reiterated support pledges and stated that it will lower rates and the RRR at a ‘proper time’, keep liquidity ample and guide social financing costs lower.

Top Asian News

China’s financial regulator said financial institutions should boost financial support for consumption and will provide loan renewal support to eligible personal consumption loan borrowers.
DeepSeek is focusing on research over revenue and customers from sectors such as healthcare and finance bought API access to DeepSeek’s R1 and V3 models. Furthermore, DeepSeek’s founder declined to entertain interest from China’s tech giants and venture and state-backed funds to invest in the group for the time being, while it may find limited access to NVIDIA’s (NVDA) new generation of more advanced chips a potential bottleneck in the long run and could consider future partnerships that can help solve this issue, according to FT citing sources.
Rengo, Japan’s largest labour union, says first-round data shows average wage hike of 5.46% in FY25 (demand of 6.09%); initial wage hike exceeds 5% for the second straight year.
Chinese regulators have issued a requirement for the labelling of AI generated content.
China Feb YTD Aggregate Financing (CNY) 9.29tln (exp. 9.757tln); M2 Money Supply 7% (exp. 7%); New Yuan Loans 6.14tln (exp. 6.38tln)

European bourses are mostly firmer, in what has been a choppy session thus far; initial weakness at the cash open has been entirely pared with indices generally towards the top end of the day’s ranges. European sectors hold a slight positive bias; Basis Resources tops the pile, buoyed by strength in the metals complex, amid the risk sentiment and strong Chinese price action overnight. Media is found at the foot of the pile. Consumer Products is also higher today, benefiting from the strength in Chinese trade overnight; though Kering (-13%) slips after appointing Demna as Gucci’s artistic director, a move JP Morgan brands as “controversial”.

Top European News

Germany’s CDU/CSU to hold special parliamentary faction meeting this afternoon, according to Reuters sources
Goldman Sachs cuts its UK 2025 GDP growth forecast to 0.9%, down from 1.0% previously.
DIW institute says the German economy is expected to stagnate in 2025, down from the previously expected growth of 0.2%; economy expected to grow by 1.1% in 2026, down from the previously expected 1.2%
BoE/Ipsos Inflation Attitudes Survey – February 2025. Median expectations of the rate of inflation over the coming year were 3.4%, up from 3% in November 2024.
UK PM Starmer reportedly suffered a cabinet uprising over planned welfare and public spending cuts, but insisted tough choices are needed and said he will not bend fiscal rules to allow more borrowing, according to FT.
EU Diplomatic Service proposes that member nations deliver military aid to Ukraine in 2025 worth at least EUR 20bln and potentially up to EUR 40bln, via Reuters citing a paper; aid to be provided in line with nations economic “weight”.
ECB’s Villeroy says will be inflation to 2% this year in Europe; EU has the resources to retaliate against the US admin tariffs on wine and liquor.
EU Envoys agree to remove three individuals from the sanctions list, agree to renew sanctions on more than 2400 individuals and entities.

USD is flat after trading firmer for most of the European morning; now currently towards the lower end of a 103.79-104.09 range. Trade updates on Thursday included President Trump noting he will not change his mind on the April 2nd tariffs. As for US Government shutdown developments, things seem to be improving with US Senate Minority Leader Schumer suggesting he will vote to keep the government open and not shut it down. Focus ahead will be on the US UoM survey and then Trump executive orders thereafter.
EUR is firmer and trading towards the upper end of a 1.0831-1.0875 range. There has been little by way of trade updates, after Trump threatened the EU with 200% tariffs on alcoholic products on Thursday, if the EU do not remove their countermeasures on the US. Focus today will be on any potential updates on German spending plans, after the debate in the prior session – Reuters reported that Germany’s CDU/CSU is to hold a special parliamentary faction meeting this afternoon – a report which may be attributed to the modest upside in the Single-Currency; elsewhere, focus will be on a Fitch credit review on France.
JPY is the clear underperformer today, with early morning losses facilitated by the risk-on mood; have peer CHF is also a touch softer. Further pressure was seen after Japan’s largest labour union, Rengo, said the first-round data shows an average wage hike of 5.46% in FY25 (demand of 6.09%). There spurred some further pressure in the JPY, with USD/JPY lifting from 148.65 to briefly top 149.00.
GBP is subdued in reaction to the regions softer than expected GDP figures, which saw the UK unexpectedly contract in January; the downside was primarily driven by a slowdown in manufacturing. However, such an outturn was not entirely unexpected given the jump seen in December’s release. Money market pricing incrementally moved dovishly, and is ultimately unlikely to have too much of an impact for the BoE as it remains focussed on inflation and other price points. Cable saw some modest downside on the release, and currently trades towards the lower end of a 1.2918-59 range.
Antipodeans are the best performing G10 currencies today, benefiting from the positive risk tone, which was lifted by remarks by a China’s financial regulator who said financial institutions should boost financial support for consumption and will provide loan renewal support to eligible personal consumption loan borrowers.

Fixed Income

USTs hold a slight downward bias, in-fitting peers; currently sitting in a 110-24 to 110-31 range. Some of the bearish action stems from the positive risk tone, as well as a weaker-than-average 30yr auction on Thursday. Trade updates on Thursday included President Trump noting he will not change his mind on the April 2nd tariffs. As for US Government shutdown developments, things seem to be improving with US Senate Minority Leader Schumer suggesting he will vote to keep the government open and not shut it down. Focus ahead will be on the US UoM survey and then Trump executive orders thereafter.
Bunds are on the backfoot by around 12 ticks, and currently just off the day’s trough at 127.15. As above, pressure stems from the risk tone and as markets digest the latest Trump threats on the EU (200% tariffs on alcohol, should the EU not remove their countermeasures). For Germany, Wholesale Prices jumped Y/Y whilst German inflation figures were revised a touch lower. And on German spending, updates have been light thus far CDU/CSU is to hold special parliamentary faction meeting this afternoon, according to Reuters sources, Scheduled EU-specific events are light for the remainder of the day, but focus will be on Fitch’s credit review on France.
Gilts are flat but still outperforming today, with gains facilitated by the softer-than-expected UK GDP figures, which saw the UK surprisingly contract in January. A softer print than the market had been looking for, driven primarily by a slowdown in manufacturing. However, such an outturn was not entirely unexpected given the jump seen in December’s release. Gilts are flat, but have held a downward bias in-fitting with peers; currently in a 91.67-92.03 range.
JGBs are modestly higher as Japanese paper reacted to the latest Rengo update, with initial data pointing towards 5.46% avg. wage hike vs demands of 6.09%. Initial hawkish reaction as it highlights the continued wage pressures in the region, but this proved short-lived as it was less than initial demands.

Commodities

Crude is on a firmer footing with WTI and Brent currently higher by around USD 0.74/bbl and USD 0.70/bbl respectively. Upside today stems from a paring of the prior day’s losses and in tandem with the pick up in sentiment. On Russia/Ukraine, Russian President Putin supported the idea of a ceasefire but stressed that the ceasefire must lead to a final settlement of the conflict and solve the root causes of the conflict. More recently, Russia’s Kremlin said it held late night talks with US Envoy Witkoff; Russia and the US will determine a timing of Russian President Putin/Trump call once Witkoff has briefed Trump. Brent’May currently in a USD 70.00-70.75/bbl range.
Spot gold is on a firmer footing, and has made a fresh ATH just above the USD 3k mark. ANZ sets its short-term price target of USD 3,050/oz.
Base metals are entirely in the green, with the complex boosted by the risk tone and support measure commentary from China overnight.
Russian Deputy Prime Minister Novak says global oil demand will rise during driving season and OPEC+ takes this into account; resumption of gas exports to Europe via Nord Stream pipelines is irrelevant for now. No talks about possible resumption of Russian oil exports to Germany via the Druzhba pipeline.
Qatar lowered the May term price for Al-Shaheen crude oil to USD 1.29/bbl above Dubai quotes.
Russian President Putin and Saudi Arabia’s Crown Prince MBS discussed cooperation in OPEC+, as well as US-Russia ties and the Ukraine conflict.
US President Trump’s administration unlocked a USD 4.7bln loan for TotalEnergies (TTE FP)

Geopolitics: Middle East

Israel’s Channel 12 quoted an Israeli source stating if there is no progress in negotiations within the next two days, the team will return to Israel, according to Al Jazeera.
US and Israel look to Africa for resettling Palestinians uprooted from Gaza, according to AP.
UN Security Council agreed to the Russia and US-drafted statement condemning widespread violence in Syria’s Latakia and Tartus, while the statement called for Syria’s interim authorities to protect all Syrians, regardless of ethnicity or religion and to hold the perpetrators of the mass killings accountable.

Geopolitics: Ukraine

Russia’s Kremlin says it held late night talks with US Envoy Witkoff, conveyed signals to US President Trump via Witkoff, Russia and the US will determine a timing of Russian President Putin/Trump call once Witkoff has briefed Trump. There are grounds for cautious optimism. Both sides understand there is a need for such a call. Putin got information from US Envoy on US thinking on Ukraine. Putin is in solidarity with Trump’s position but there is a lot of work to do
Ukraine Foreign Minister says the nation has begun forming a team to develop ways to control a possible ceasefire.
EU Foreign Policy chief Kallas said she is quite optimistic G7 can reach accord on a joint communique and if they cannot agree on G7 communique, it shows division between member countries. Kallas also said it is most likely that Russia will say yes to the US proposal for a ceasefire with Ukraine but with conditions and the US is telling G7 members they understand the Russians may want to extend the process by blurring the picture. Furthermore, she said the red line is Ukraine giving away territory and that territorial integrity is an important element, as well as noted that without the EU, any deal cannot be implemented because there are elements for which Europe has the card.
Saudi Crown Prince MBS and Russian President Putin spoke on the phone and the Saudi Crown Prince affirmed the kingdom’s commitment to exerting all efforts to facilitate dialogue and achieve a political solution to the Ukraine crisis.

2B European opening report

Spot Gold makes a fresh record high above USD 3000/oz & sentiment lifts ahead of Trump Executive Orders and UoM – Newsquawk US Market Open

Friday, Mar 14, 2025 – 06:11 AM

Stocks gain with sentiment lifted after a strong Chinese session overnight and after the recent market turmoil.
USD mixed vs. peers, GBP soft post-GDP, JPY weighed on by Rengo data, which showed average wage hike less than demands.
Gilts gap higher on soft growth data while JGBs lift on Rengo.
Spot gold makes a fresh record high above USD 3,000/oz; crude oil and base metals benefit from the risk tone.
Looking ahead, US UoM Survey, Trump executive orders, Fitch to review France; US Government Funding Expires.

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TARIFFS/TRADE

Canada’s Finance Minister LeBlanc said they agreed to continue discussions in the meeting with US Commerce Secretary Lutnick, while they have been clear that they will not reopen USMCA provisions on dairy and didn’t discuss that with Lutnick.
Canada’s Industry Minister Champagne said there was a mutual understanding that there is an impact on both sides of the border from tariffs and they talked about issues around economic security and national security with US Commerce Secretary Lutnick. Furthermore, they talked about Canadian aluminium steel and how they can help the US
Ontario’s Premier Ford said they had a productive meeting with US Commerce Secretary Lutnick and will have another meeting next week, while he feels temperatures are decreasing and said it was the best meeting they had since tariff talks began.
ECB President Lagarde said US President Trump’s policy decisions cause concern and warned trade conflict will damage the worldwide economy, according to an interview with BBC.

EUROPEAN TRADE

EQUITIES

European bourses are mostly firmer, in what has been a choppy session thus far; initial weakness at the cash open has been entirely pared with indices generally towards the top end of the day’s ranges.
European sectors hold a slight positive bias; Basis Resources tops the pile, buoyed by strength in the metals complex, amid the risk sentiment and strong Chinese price action overnight. Media is found at the foot of the pile. Consumer Products is also higher today, benefiting from the strength in Chinese trade overnight; though Kering (-13%) slips after appointing Demna as Gucci’s artistic director, a move JP Morgan brands as “controversial”.
US equity futures (ES +0.7%, NQ +1%, RTY +1%) are entirely in the green, after the S&P 500 slipped into a technical correction; sentiment overnight benefited from remarks by China’s financial regulator who said financial institutions should boost financial support for consumption and will provide loan renewal support to eligible personal consumption loan borrowers.
Foxconn (2317 TT) says it continues to see strong demand for AI servers.
Click for the sessions European pre-market equity newsflow
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FX

USD is flat after trading firmer for most of the European morning; now currently towards the lower end of a 103.79-104.09 range. Trade updates on Thursday included President Trump noting he will not change his mind on the April 2nd tariffs. As for US Government shutdown developments, things seem to be improving with US Senate Minority Leader Schumer suggesting he will vote to keep the government open and not shut it down. Focus ahead will be on the US UoM survey and then Trump executive orders thereafter.
EUR is firmer and trading towards the upper end of a 1.0831-1.0875 range. There has been little by way of trade updates, after Trump threatened the EU with 200% tariffs on alcoholic products on Thursday, if the EU do not remove their countermeasures on the US. Focus today will be on any potential updates on German spending plans, after the debate in the prior session – Reuters reported that Germany’s CDU/CSU is to hold a special parliamentary faction meeting this afternoon – a report which may be attributed to the modest upside in the Single-Currency; elsewhere, focus will be on a Fitch credit review on France.
JPY is the clear underperformer today, with early morning losses facilitated by the risk-on mood; have peer CHF is also a touch softer. Further pressure was seen after Japan’s largest labour union, Rengo, said the first-round data shows an average wage hike of 5.46% in FY25 (demand of 6.09%). There spurred some further pressure in the JPY, with USD/JPY lifting from 148.65 to briefly top 149.00.
GBP is subdued in reaction to the regions softer than expected GDP figures, which saw the UK unexpectedly contract in January; the downside was primarily driven by a slowdown in manufacturing. However, such an outturn was not entirely unexpected given the jump seen in December’s release. Money market pricing incrementally moved dovishly, and is ultimately unlikely to have too much of an impact for the BoE as it remains focussed on inflation and other price points. Cable saw some modest downside on the release, and currently trades towards the lower end of a 1.2918-59 range.
Antipodeans are the best performing G10 currencies today, benefiting from the positive risk tone, which was lifted by remarks by a China’s financial regulator who said financial institutions should boost financial support for consumption and will provide loan renewal support to eligible personal consumption loan borrowers.
PBoC set USD/CNY mid-point at 7.1738 vs exp. 7.2463 (Prev. 7.1728).
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FIXED INCOME

USTs hold a slight downward bias, in-fitting peers; currently sitting in a 110-24 to 110-31 range. Some of the bearish action stems from the positive risk tone, as well as a weaker-than-average 30yr auction on Thursday. Trade updates on Thursday included President Trump noting he will not change his mind on the April 2nd tariffs. As for US Government shutdown developments, things seem to be improving with US Senate Minority Leader Schumer suggesting he will vote to keep the government open and not shut it down. Focus ahead will be on the US UoM survey and then Trump executive orders thereafter.
Bunds are on the backfoot by around 12 ticks, and currently just off the day’s trough at 127.15. As above, pressure stems from the risk tone and as markets digest the latest Trump threats on the EU (200% tariffs on alcohol, should the EU not remove their countermeasures). For Germany, Wholesale Prices jumped Y/Y whilst German inflation figures were revised a touch lower. And on German spending, updates have been light thus far CDU/CSU is to hold special parliamentary faction meeting this afternoon, according to Reuters sources, Scheduled EU-specific events are light for the remainder of the day, but focus will be on Fitch’s credit review on France.
Gilts are flat but still outperforming today, with gains facilitated by the softer-than-expected UK GDP figures, which saw the UK surprisingly contract in January. A softer print than the market had been looking for, driven primarily by a slowdown in manufacturing. However, such an outturn was not entirely unexpected given the jump seen in December’s release. Gilts are flat, but have held a downward bias in-fitting with peers; currently in a 91.67-92.03 range.
JGBs are modestly higher as Japanese paper reacted to the latest Rengo update, with initial data pointing towards 5.46% avg. wage hike vs demands of 6.09%. Initial hawkish reaction as it highlights the continued wage pressures in the region, but this proved short-lived as it was less than initial demands.
Click for a detailed summary

COMMODITIES

Crude is on a firmer footing with WTI and Brent currently higher by around USD 0.74/bbl and USD 0.70/bbl respectively. Upside today stems from a paring of the prior day’s losses and in tandem with the pick up in sentiment. On Russia/Ukraine, Russian President Putin supported the idea of a ceasefire but stressed that the ceasefire must lead to a final settlement of the conflict and solve the root causes of the conflict. More recently, Russia’s Kremlin said it held late night talks with US Envoy Witkoff; Russia and the US will determine a timing of Russian President Putin/Trump call once Witkoff has briefed Trump. Brent’May currently in a USD 70.00-70.75/bbl range.
Spot gold is on a firmer footing, and has made a fresh ATH just above the USD 3k mark. ANZ sets its short-term price target of USD 3,050/oz.
Base metals are entirely in the green, with the complex boosted by the risk tone and support measure commentary from China overnight.
Russian Deputy Prime Minister Novak says global oil demand will rise during driving season and OPEC+ takes this into account; resumption of gas exports to Europe via Nord Stream pipelines is irrelevant for now. No talks about possible resumption of Russian oil exports to Germany via the Druzhba pipeline.
Qatar lowered the May term price for Al-Shaheen crude oil to USD 1.29/bbl above Dubai quotes.
Russian President Putin and Saudi Arabia’s Crown Prince MBS discussed cooperation in OPEC+, as well as US-Russia ties and the Ukraine conflict.
US President Trump’s administration unlocked a USD 4.7bln loan for TotalEnergies (TTE FP)
Click for a detailed summary

NOTABLE DATA RECAP

UK GDP Estimate MM (Jan) -0.1% vs. Exp. 0.1% (Prev. 0.4%); 3M/3M (Jan) 0.2% vs. Exp. 0.3% (Prev. 0.1%); YY (Jan) 1.0% vs. Exp. 1.2% (Prev. 1.5%)
French CPI (EU Norm) Final MM (Feb) 0.1% vs. Exp. 0.0% (Prev. -0.2%); YY (Feb) 0.9% vs. Exp. 0.9% (Prev. 0.9%)

NOTABLE EUROPEAN HEADLINES

Germany’s CDU/CSU to hold special parliamentary faction meeting this afternoon, according to Reuters sources
Goldman Sachs cuts its UK 2025 GDP growth forecast to 0.9%, down from 1.0% previously.
DIW institute says the German economy is expected to stagnate in 2025, down from the previously expected growth of 0.2%; economy expected to grow by 1.1% in 2026, down from the previously expected 1.2%
BoE/Ipsos Inflation Attitudes Survey – February 2025. Median expectations of the rate of inflation over the coming year were 3.4%, up from 3% in November 2024.
UK PM Starmer reportedly suffered a cabinet uprising over planned welfare and public spending cuts, but insisted tough choices are needed and said he will not bend fiscal rules to allow more borrowing, according to FT.
EU Diplomatic Service proposes that member nations deliver military aid to Ukraine in 2025 worth at least EUR 20bln and potentially up to EUR 40bln, via Reuters citing a paper; aid to be provided in line with nations economic “weight”.
ECB’s Villeroy says will be inflation to 2% this year in Europe; EU has the resources to retaliate against the US admin tariffs on wine and liquor.
EU Envoys agree to remove three individuals from the sanctions list, agree to renew sanctions on more than 2400 individuals and entities.

NOTABLE US HEADLINES

US President Trump is to sign executive orders on Friday at 12:00EDT/16:00GMT.
US Vice President Vance said can never predict the future but thinks the economy is strong when asked if he could rule out a recession, according to a Fox News interview,
US Treasury Secretary Bessent said they hopefully won’t get a recursive ‘Biden-flation’ and said they are very vigilant and it could happen again. Bessent added that before they can bring down inflation, they also want to help affordability and as they bring down inflation, they want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments.
US Senate Minority Leader Schumer said he will vote to keep the government open and not shut it down. It was separately reported that multiple US Democratic Senators and aides indicated sufficient Democratic support for cloture on the House-passed continuing resolution in Friday morning’s vote, according to Punchbowl.

GEOPOLITICS

MIDDLE EAST

Israel’s Channel 12 quoted an Israeli source stating if there is no progress in negotiations within the next two days, the team will return to Israel, according to Al Jazeera.
US and Israel look to Africa for resettling Palestinians uprooted from Gaza, according to AP.
UN Security Council agreed to the Russia and US-drafted statement condemning widespread violence in Syria’s Latakia and Tartus, while the statement called for Syria’s interim authorities to protect all Syrians, regardless of ethnicity or religion and to hold the perpetrators of the mass killings accountable.

RUSSIA-UKRAINE

Russia’s Kremlin says it held late night talks with US Envoy Witkoff, conveyed signals to US President Trump via Witkoff, Russia and the US will determine a timing of Russian President Putin/Trump call once Witkoff has briefed Trump. There are grounds for cautious optimism. Both sides understand there is a need for such a call. Putin got information from US Envoy on US thinking on Ukraine. Putin is in solidarity with Trump’s position but there is a lot of work to do
Ukraine Foreign Minister says the nation has begun forming a team to develop ways to control a possible ceasefire.
EU Foreign Policy chief Kallas said she is quite optimistic G7 can reach accord on a joint communique and if they cannot agree on G7 communique, it shows division between member countries. Kallas also said it is most likely that Russia will say yes to the US proposal for a ceasefire with Ukraine but with conditions and the US is telling G7 members they understand the Russians may want to extend the process by blurring the picture. Furthermore, she said the red line is Ukraine giving away territory and that territorial integrity is an important element, as well as noted that without the EU, any deal cannot be implemented because there are elements for which Europe has the card.
Saudi Crown Prince MBS and Russian President Putin spoke on the phone and the Saudi Crown Prince affirmed the kingdom’s commitment to exerting all efforts to facilitate dialogue and achieve a political solution to the Ukraine crisis.

OTHER

Senior officials from China, Iran and Russia hold talks in Beijing over Iran’s nuclear issues, according to CCTV.
US Pentagon has been tasked with providing military options to ensure US access to the Panama Canal, according to CNN.
US President Trump said they are going to have to make a deal on Greenland and thinks the annexation will happen, while he added the US is going to order 48 icebreakers.

CRYPTO

Bitcoin is a little lower today, unable to benefit from the risk tone; currently around USD 82.7k.

APAC TRADE

APAC stocks were mostly positive as risk sentiment gradually improved following the negative lead from Wall St where the S&P 500 slipped into a technical correction amid tariff concerns after President Trump threatened 200% tariffs on EU wine and champagne.
ASX 200 gained as strength in mining, materials, resources and utilities atoned for the losses seen in the energy, financials and tech industries.
Nikkei 225 staggered at the open with pressure from recent currency strength but then recovered soon after as the yen steadily pared its recent gains.
Hang Seng and Shanghai Comp advanced with the Hang Seng resuming the outperformance which has helped the index notch gains of around 22% so far this year, while the PBoC reiterated support pledges and stated that it will lower rates and the RRR at a ‘proper time’, keep liquidity ample and guide social financing costs lower.

NOTABLE ASIA-PAC HEADLINES

China’s financial regulator said financial institutions should boost financial support for consumption and will provide loan renewal support to eligible personal consumption loan borrowers.
DeepSeek is focusing on research over revenue and customers from sectors such as healthcare and finance bought API access to DeepSeek’s R1 and V3 models. Furthermore, DeepSeek’s founder declined to entertain interest from China’s tech giants and venture and state-backed funds to invest in the group for the time being, while it may find limited access to NVIDIA’s (NVDA) new generation of more advanced chips a potential bottleneck in the long run and could consider future partnerships that can help solve this issue, according to FT citing sources.
Rengo, Japan’s largest labour union, says first-round data shows average wage hike of 5.46% in FY25 (demand of 6.09%); initial wage hike exceeds 5% for the second straight year.
Chinese regulators have issued a requirement for the labelling of AI generated content.
China Feb YTD Aggregate Financing (CNY) 9.29tln (exp. 9.757tln); M2 Money Supply 7% (exp. 7%); New Yuan Loans 6.14tln (exp. 6.38tln)

2c Asian opening report

APAC stocks mostly positive despite the S&P 500 slipping into technical correction – Newsquawk Europe Market Open

Friday, Mar 14, 2025 – 02:08 AM

APAC stocks were mostly positive as risk sentiment gradually improved following the negative lead from Wall St where the S&P 500 slipped into a technical correction amid tariff concerns after President Trump threatened 200% tariffs on EU wine and champagne.
US President Trump said he is not going to change his mind on April 2nd tariffs and won’t bend on Canada metals or April 2nd tariffs, while he added they don’t need Canada’s cars, energy or lumber.
Russian President Putin supported the idea of a ceasefire but stressed that the ceasefire must lead to a final settlement of the conflict and solve the root causes of the conflict.
US Senate Minority Leader Schumer said he will vote to keep the government open and not shut it down.
European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.5% after the cash market closed with losses of 0.6% on Thursday.
Looking ahead, highlights include German Wholesale Price Index, UK GDP, US UoM Survey, Trump executive orders, Fitch to review France; US Government Funding Expires, Comments from ECB’s Cipollone, Earnings from BMW, Daimler Truck, Bechtle & Li Auto.

SNAPSHOT

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US TRADE

EQUITIES

US stocks extended on losses and the S&P 500 slipped into correction territory with sentiment weighed on by trade tensions after US President Trump threatened a 200% tariff on alcohol within the EU in response to the 50% EU tariff on US whiskey.
Aside from trade, data and geopolitics also took the limelight in which US PPI data printed softer than expected but was offset by upward revisions, while the PCE components were hotter than the prior, and both Initial and Continued Jobless claims fell beneath analyst forecasts.
The data saw two-way price action in T-notes, with T-notes hitting session lows once the data was digested, although the downbeat risk tone reignited the flight-to-quality bid which saw T-notes settle higher across the curve.
In geopolitics, Russian President Putin supported the idea of a ceasefire but stressed that the ceasefire must lead to a final settlement of the conflict and solve the root causes of the conflict, while Ukrainian President Zelensky claimed that Russian President Putin is preparing a rejection of the ceasefire proposal but is scared to say this directly to US President Trump.
SPX -1.39% at 5,522, NDX -1.89% at 19,225, DJI -1.30% at 40,814, RUT -1.62% at 1,994.
Click here for a detailed summary.

TARIFFS/TRADE

US President Trump said he is not going to change his mind on April 2nd tariffs and won’t bend on Canada metals or April 2nd tariffs, while he added they don’t need Canada’s cars, energy or lumber.
Canada’s Finance Minister LeBlanc said they agreed to continue discussions in the meeting with US Commerce Secretary Lutnick, while they have been clear that they will not reopen USMCA provisions on dairy and didn’t discuss that with Lutnick.
Canada’s Industry Minister Champagne said there was a mutual understanding that there is an impact on both sides of the border from tariffs and they talked about issues around economic security and national security with US Commerce Secretary Lutnick. Furthermore, they talked about Canadian aluminium steel and how they can help the US
Ontario’s Premier Ford said they had a productive meeting with US Commerce Secretary Lutnick and will have another meeting next week, while he feels temperatures are decreasing and said it was the best meeting they had since tariff talks began.
US Secretary of State Rubio said they have seen a level of cooperation from the Mexican authorities that they have never seen in the past, but added it is not enough.
ECB President Lagarde said US President Trump’s policy decisions cause concern and warned trade conflict will damage the worldwide economy, according to an interview with BBC.

NOTABLE HEADLINES

US President Trump is to sign executive orders on Friday at 12:00EDT/16:00GMT.
US Vice President Vance said can never predict the future but thinks the economy is strong when asked if he could rule out a recession, according to a Fox News interview,
US Treasury Secretary Bessent said they hopefully won’t get a recursive ‘Biden-flation’ and said they are very vigilant and it could happen again. Bessent added that before they can bring down inflation, they also want to help affordability and as they bring down inflation, they want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments.
US Commerce Secretary Lutnick said President Trump suggested he wants to waive taxes for those earning under USD 150k when he balances the budget and they want it to take three years to balance the budget, while Lutnick added there will be no tax on tips, overtime and social security.
US Senate Minority Leader Schumer said he will vote to keep the government open and not shut it down. It was separately reported that multiple US Democratic Senators and aides indicated sufficient Democratic support for cloture on the House-passed continuing resolution in Friday morning’s vote, according to Punchbowl.

APAC TRADE

EQUITIES

APAC stocks were mostly positive as risk sentiment gradually improved following the negative lead from Wall St where the S&P 500 slipped into a technical correction amid tariff concerns after President Trump threatened 200% tariffs on EU wine and champagne.
ASX 200 gained as strength in mining, materials, resources and utilities atoned for the losses seen in the energy, financials and tech industries.
Nikkei 225 staggered at the open with pressure from recent currency strength but then recovered soon after as the yen steadily pared its recent gains.
Hang Seng and Shanghai Comp advanced with the Hang Seng resuming the outperformance which has helped the index notch gains of around 22% so far this year, while the PBoC reiterated support pledges and stated that it will lower rates and the RRR at a ‘proper time’, keep liquidity ample and guide social financing costs lower.
US equity futures clawed back some of the prior day’s losses with some encouragement as the US looks on course to avert a government shutdown.
European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.5% after the cash market closed with losses of 0.6% on Thursday.

FX

DXY held on to the prior day’s gains and briefly reclaimed the 104.00 level following US President Trump’s latest tariff threat and with the US likely to avert a government shutdown this week as multiple Democratic Senators and aides indicated sufficient Democratic support for cloture on the House-passed continuing resolution, while Senate Democratic leader Schumer also announced to support the funding bill.
EUR/USD languished firmly beneath the 1.0900 level amid the escalation in the trade tiff after Trump threatened 200% tariffs on alcohol products from France and EU-represented countries, with the single currency also not helped by the conflicting opinions regarding talks between Germany’s CDU and Greens on a financial package.
GBP/USD was lacklustre but with losses stemmed amid a lack of catalysts ahead of GDP estimates.
USD/JPY extended on its rebound from the prior day’s trough and the 5-month lows seen earlier this week to return to above the 148.00 level as risk appetite improved.
Antipodeans were rangebound after the prior day’s retreat and amid a lack of tier-1 data releases.
PBoC set USD/CNY mid-point at 7.1738 vs exp. 7.2463 (Prev. 7.1728).

FIXED INCOME

10yr UST futures lacked demand after yesterday’s two-way price action owing to data and risk sentiment, while the latest 30yr auction stateside was overall weaker-than-average.
Bund futures treaded water amid the US-EU tariff tiff and ahead of German wholesale prices.
10yr JGB futures pared some of the earlier gains as risk appetite in Asia somewhat improved but then found a floor after the latest enhanced liquidity auction from Japan.

COMMODITIES

Crude futures nursed some of the prior day’s losses as risk assets rebounded overnight.
Qatar lowered the May term price for Al-Shaheen crude oil to USD 1.29/bbl above Dubai quotes.
Russian President Putin and Saudi Arabia’s Crown Prince MBS discussed cooperation in OPEC+, as well as US-Russia ties and the Ukraine conflict.
US President Trump’s administration unlocked a USD 4.7bln loan for TotalEnergies (TTE FP) that was frozen since 2021 and which is for a LNG project in Mozambique, according to FT.
Spot gold took a breather after climbing to a fresh record high near the USD 3,000/oz level.
Copper futures remained afloat amid tariff risks and predictions of a widening global copper market deficit.

CRYPTO

Bitcoin steadily gained as risk sentiment improved and briefly returned above USD 82,000.

NOTABLE ASIA-PAC HEADLINES

China’s financial regulator said financial institutions should boost financial support for consumption and will provide loan renewal support to eligible personal consumption loan borrowers.
DeepSeek is focusing on research over revenue and customers from sectors such as healthcare and finance bought API access to DeepSeek’s R1 and V3 models. Furthermore, DeepSeek’s founder declined to entertain interest from China’s tech giants and venture and state-backed funds to invest in the group for the time being, while it may find limited access to NVIDIA’s (NVDA) new generation of more advanced chips a potential bottleneck in the long run and could consider future partnerships that can help solve this issue, according to FT citing sources.

GEOPOLITICS

MIDDLE EAST

Israel’s Channel 12 quoted an Israeli source stating if there is no progress in negotiations within the next two days, the team will return to Israel, according to Al Jazeera.
US and Israel look to Africa for resettling Palestinians uprooted from Gaza, according to AP.
UN Security Council agreed to the Russia and US-drafted statement condemning widespread violence in Syria’s Latakia and Tartus, while the statement called for Syria’s interim authorities to protect all Syrians, regardless of ethnicity or religion and to hold the perpetrators of the mass killings accountable.

RUSSIA-UKRAINE

Ukrainian President Zelensky said Russian President Putin is preparing a rejection of the ceasefire proposal but is scared to say this directly to US President Trump, while he added they need to impose sanctions that put pressure on Russia and will continue to work with our partners to force it to end the war. Furthermore, he said Russia is setting conditions on a ceasefire to try to delay it or make it not happen.
Ukrainian President’s Chief of Staff said Ukraine will never agree to a frozen conflict and noted they agreed with the US that European representatives will definitely take part in the peace process.
US President Trump does not think Russia will attack US allies and said they’ll make sure it doesn’t happen, while Trump said he still has a good relationship with North Korea’s leader.US President Trump said Special Envoy Witkoff was in serious discussions in Russia and he is getting word things are going ok in Russia, while he added that hopefully Russian President Putin and others want to end this nightmare.
EU Foreign Policy chief Kallas said she is quite optimistic G7 can reach accord on a joint communique and if they cannot agree on G7 communique, it shows division between member countries. Kallas also said it is most likely that Russia will say yes to the US proposal for a ceasefire with Ukraine but with conditions and the US is telling G7 members they understand the Russians may want to extend the process by blurring the picture. Furthermore, she said the red line is Ukraine giving away territory and that territorial integrity is an important element, as well as noted that without the EU, any deal cannot be implemented because there are elements for which Europe has the card.
US is placing more restrictions on Russia’s oil, gas and banking sectors by further restricting Russian access to US payment systems as the Treasury Department on Wednesday allowed a 60-day exemption put in place by the Biden administration in January to lapse, according to four people familiar with the plans cited by CBS. The exemption had allowed specific energy transactions involving sanctioned Russian banks to continue and by letting the waiver lapse, the banks may no longer access US payment systems to conduct major energy transactions.
Saudi Crown Prince MBS and Russian President Putin spoke on the phone and the Saudi Crown Prince affirmed the kingdom’s commitment to exerting all efforts to facilitate dialogue and achieve a political solution to the Ukraine crisis.

OTHER

Senior officials from China, Iran and Russia hold talks in Beijing over Iran’s nuclear issues, according to CCTV.
NATO SecGen Rutte said Europe is committing to much higher defence spending and needs to produce more weapons but added it is not doing enough and is lagging behind the Russians and the Chinese.
US Pentagon has been tasked with providing military options to ensure US access to the Panama Canal, according to CNN.
US President Trump said they are going to have to make a deal on Greenland and thinks the annexation will happen, while he added the US is going to order 48 icebreakers.

EU/UK

NOTABLE HEADLINES

UK PM Starmer reportedly suffered a cabinet uprising over planned welfare and public spending cuts, but insisted tough choices are needed and said he will not bend fiscal rules to allow more borrowing, according to FT.
Portugal’s President disbanded parliament and called an early parliamentary election on May 18th after the government recently lost a confidence vote.

2C Asian report

3 .ASIA

3A NORTH KOREA/SOUTH KOREA

3BJAPAN

3C. CHINA/

CHINA/USA/PANAMA

Beijing Fumes Over BlackRock’s Panama Port Deal With CK Hutchison

Friday, Mar 14, 2025 – 12:00 PM

China’s top office on Hong Kong affairs reposted sharp criticism of Hong Kong-based conglomerate CK Hutchison Holdings Ltd.’s deal with a BlackRock-led consortium to purchase Panama Canal ports. The commentary from the local paper Ta Kung Pao cited netizens who called the billionaire founder of the holdings company “spineless” and questioned which “side he should stand on,” according to Bloomberg.

It said that social media users have accused the conglomerate founded by billionaire Li Ka-shing of “spineless groveling,” ignoring China’s interests and “selling out all Chinese people” in the quick deal announced last week.

…

Faced with such a major event and a matter of great justice, the relevant companies should think twice, think carefully about the nature and crux of the issue, and think carefully about what position and side they should stand on,” the commentary said. -BBG

Last week, the BlackRock-led consortium agreed to purchase a controlling stake in CK Hutchison’s Panama ports for $19 billion. The Trump administration had highly publicized the Chinese-owned ports as a national security risk to US supply chains and the US military. Additionally, Panama holds a strategic position for Trump as he begins to revive hemispheric defense across the Americas.

David Blennerhassett, an analyst at Quiddity Advisors, noted that the BlackRock deal with CK Hutchison is a “massive complex deal, one that may take the better part of 2025 to complete; therefore gyrations in the share price will occur as deal specifics and various regulatory approvals are addressed.”

On Friday, CK Hutchison shares dropped 7% in Hong Kong trading.

Local paper Ta Kung Pao continued: “Faced with such a major event and a matter of great justice, the relevant companies should think twice, think carefully about the nature and crux of the issue, and think carefully about what position and side they should stand on.”

Bloomberg noted the port deal “involves only overseas assets” and is “unlikely to need Beijing’s sign-off.”

Bloomberg Intelligence infrastructure analyst Denise Wong said the port deal is “widely perceived as commercially favorable for the company, valuing the port assets at the higher end of the industry range.”

CK Hutchison’s market capitalization has only increased by $5 billion following last week’s initial news release—just a fraction of the $19 billion the firm is expected to receive when the port deal is completed.

END

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY

Germany to spend on defense hugely which causes the bund yields to spike above 2.90% for the 10 year

(zerohedge)

Bund Yields Spike As Germany’s Merz Reaches Debt Deal With Greens, Claims (Unironically) “Fiscal Discipline Important

Friday, Mar 14, 2025 – 08:12 AM

German conservative leader Friedrich Merz has reportedly reached a tentative agreement with the Green party on the giant debt-funded spending package for defense and infrastructure.

“These were demanding discussions,” Merz, who aims to succeed Chancellor Olaf Scholz in the coming weeks, told reporters in Berlin after meeting with lawmakers, adding (unironically) that:

“fiscal discipline remains important.”

As a reminder, Merz’s Christian Democratic-led bloc and the SPD are rushing to secure a supermajority in parliament to approve sweeping constitutional amendments that would release defense spending from debt restrictions and set up a €500 billion ($542 billion) fund for infrastructure investment.

The agreement on Friday spelled out that the infrastructure funding would be earmarked for new projects – and that €100 billion will be channeled to the government’s existing climate and transformation fund, according to news organization RND, which appears to have been the bargain that Merz offered to get the Greens on board.

Handelsblatt reported earlier that an agreement had been reached.

The deal needs to be approved by party lawmakers.

The result of all this is a stronger euro (for now)…

“Game on again for the euro,” said Brad Bechtel, head of FX at Jefferies, adding that peace talks for Ukraine are adding to the currency’s momentum. “The market is cautiously optimistic that we are progressing in the right direction.”

…but bund yields are also spiking to recent highs…

Merz said late Thursday that he’s “very optimistic” that the landmark debt-spending package will be approved after a parliamentary debate on Thursday laid bare a deep rift with the Greens.

“What more do you want than what we have proposed to you?” Merz asked, prompting jeers from the party.

“The headlines are providing some comfort that the Greens are on board with the proposals,” said Evelyne Gomez-Liechti, a strategist at Mizuho International Plc, adding that markets had been pricing some chance of the agreement not passing through.

As Goldman Sachs Alberto Bacis notes, the narrative prevailing over the last 10 days is the following:

Germany has pivoted towards a fiscal expansionary stance > they have plenty of room > defense and infrastructure spending will generate a massive growth turnaround for Germany and rest of the block, bringing the following externalities:

1/ ECB must remain restrictive

2/ Inflation will fly

3/ Sky is the limit for investments

Bank of America’s sentiment survey published earlier Friday showed investors turned underweight on core euro-area fixed income for the first time since 2023.

“Core Europe duration longs collapsed as future economic growth and bond supply get priced in,” BofA strategist Ralf Preusser and colleagues wrote in a note earlier.

Finally, we note that while the agreement in Germany for a potentially huge debt package is predictably pushing German and other European bond yields higher.

Bloomberg’s Simon White notes that the asset swap’s fall has been modest this year, indicating there is no significant marking down of German credit risk.

The asset swap-spread is a gauge of credit risk for government bonds. The spread for Germany has been falling as sovereign yields rise, but the move this year has been relatively contained, and is only marginally negative.

That’s in stark contrast to France, where the asset swap-spread has fallen by much more, suggesting considerable more reluctance for bond holders to own French debt given that country’s budget troubles.

Germany, the market is saying, is still good for it.

Reuters reports that the German debt deal will exempt defense spending from the debt brake above 1% of GDP.

In other words, “defense against Russia” is just a pretext to flood the economy with a new debt-funded fiscal stimulus, just like COVID.

end

UK/UKRAINE

Britain Wants Ukraine’s Minerals Too

Friday, Mar 14, 2025 – 02:00 AM

Authored by Mark Curtis via Declassified UK,

When U.K. officials signed a 100-year partnership with Ukraine in mid-January, they claimed to be Ukraine’s “preferred partner” in developing the country’s “critical minerals strategy.”

Yet within a month, U.S. President Donald Trump had presented a proposal to Ukraine’s President Volodymr Zelensky to access the country’s vast mineral resources as “compensation” for U.S. support to Ukraine in the war against Russia.

Whitehall was none too pleased about Washington muscling in.

When Foreign Secretary David Lammy met Zelensky in Kyiv last month he reportedly raised the issue of minerals, “a sign that [Keir] Starmer’s government is still keen to get access to Ukraine’s riches”, the iPaper reported.

Lammy earlier said, in a speech last year:

“Look around the world. Countries are scrambling to secure critical minerals, just as great powers once raced to control oil.”

The U.K. foreign secretary was correct, but Britain itself is one of those powers, and Ukraine is one of the major countries U.K. officials — as well as the Trump administration — have their eyes on.

It’s no surprise why. Ukraine has around 20,000 mineral deposits covering 116 types of minerals such as beryllium, manganese, gallium, uranium, zirconium, rare earth metals and nickel.

The country, whose economy has been devastated by Russia’s brutal war, also possesses one of the world’s largest reserves of graphite, the largest titanium reserves in Europe, and a third of the continent’s lithium deposits.

These resources are key for industries such as military production, high tech, aerospace, and green energy.

In recent years, the Ukrainian government has sought to attract foreign investment to develop its critical mineral resources and signed strategic partnerships and held investment fora to showcase its mining opportunities.

The country has also begun auctioning exploration permits for minerals such as lithium, copper, cobalt and nickel, offering lucrative investment opportunities.

Media narratives largely parrot the U.K. government’s interests in Ukraine being about standing up to aggression. But Whitehall has in the past few years stepped up its interest in accessing the world’s critical minerals, not least in Ukraine.

‘Critical Minerals Work’

Map of minerals of Ukraine, 2022. (Zbigniew Dylewskie / Wikimedia Commons /CC BY 3.0)

Nusrat Ghani, a trade minister in Rishi Sunak’s government, held at least 10 meetings on the subject of critical minerals in 2023 and the first half of 2024, government transparency data shows.

Among the companies she met were giant U.K. mining corporations Rio Tinto and Anglo American, and arms exporter BAE Systems and military aerospace lobbyists, ADS.

It is not clear if Ukraine was the subject of these discussions but one other prominent firm Ghani met to discuss “mineral supply chains” was Rothschilds, which has extensive interests in Ukraine.

Ghani held a discussion with the Paris-headquartered global advisory firm in April 2023 while her successor Alan Mak did so the following year in May. Mak met the firm “to discuss Rothschild’s critical minerals work,” the data show.

The corporation was invited to the 2023 Ukraine Recovery Conference held in London and is a member of the U.K.-Ukraine Finance Partnership. It has also been the main adviser to the Ukrainian Ministry of Finance since 2017.

Rothschilds, on whose board sits former U.K. National Security Adviser Lord Mark Sedwill, has no less than $53 billion invested in Ukraine.

‘British-Ukrainian Partnership’

(GOV.UK)

Writing recently in Unherd, researcher Sang-Haw Lee quotes a senior Labour figure saying the U.K. was involved in extensive negotiations for the whole of last year relating to securing exclusive access to Ukraine’s minerals, but that adequate government support was not forthcoming.

Some other meetings have crept into the public domain. Last April, two prominent U.K. parliamentarians met one of Ukraine’s largest mining investment companies in London to discuss “British-Ukrainian partnership in the field of critical minerals mining.”

BGV Group, which has investments of $100 million in Ukrainian mining projects, held discussions with then energy minister, Lord Martin Callanan, and Bob Seely, then a Conservative MP who sat on Parliament’s Foreign Affairs Committee.

The company is seeking investors for its graphite and beryllium projects and said in a media release that “Ukraine has all the prerequisites to become one of Britain’s main suppliers of critical minerals crucial for advanced technologies and the green energy transition.”

“As Ukraine’s ultimate European ally, the U.K. could leverage its strong position within NATO to help secure mining sites and transportation routes”, writes Andriy Dovbenko, the founder of U.K.-Ukraine TechExchange.

‘Vast Resources’

The U.K. government’s “Ukraine Business Guide” notes that “Ukraine has vast resources” and “a rich mineral base of iron ore, manganese, coal, and titanium.”

Certainly, enhancing access to critical minerals has been a broad priority across Whitehall over the last three years.

The U.K. produced its first-ever Critical Minerals Strategy in 2022 and updated this with a refresh” the following year. It identifies 18 minerals with “high criticality” for the U.K., including several present in Ukraine, such as graphite, lithium and rare earth elements.

The U.K.’s strategy aims, among other things, to “support U.K. companies to participate overseas” in supply chains for these minerals and “champion London as the world’s capital of responsible finance for critical minerals.”

As part of its critical minerals strategy, the government set up a so-called Task & Finish group, analysing the risks to U.K. industry, and including participants from BAE, Rio Tinto and ADS. The group highlights titanium, rare earth elements, cobalt and gallium as among the minerals with a supply risk to the U.K. military sector.

Zelenskyy pouring water for Starmer during a NATO Ukraine Council session at the military alliance’s summit in Washington, D.C., in July 2024. Then President Joe Biden and NATO General Secretary Jens Stoltenberg on right. (Simon Dawson / No 10 Downing / CC BY-NC-ND 2.0)

The U.K. has also launched a Critical Mineral Intelligence Centre and established a Critical Minerals Expert Committee to advise the government.

A report by the Foreign Affairs Committee on critical minerals published in December 2023 concluded that “the U.K. cannot afford to leave itself vulnerable on supply chains that are of such strategic importance.”

A sign of how seriously the government is taking the issues is that it says it will “ensure consideration for critical minerals is embedded” in the free trade agreements it is negotiating with a range of countries.

‘Regulatory Structures’

Starmer and Zelenskyy in Kiev in January when they signed a 100-year partnership agreement. (Simon Dawson / No 10 Downing Street/ Flickr/ CC BY-NC-ND 2.0)

Accessing minerals overseas often depends on loosening government regulations to enable foreign corporations to strike favourable deals.

The 100-year partnership declaration commits the U.K. and Ukraine to “supporting development of a Ukrainian critical minerals strategy and necessary regulatory structures required to support the maximisation of benefits from Ukraine’s natural resources, through the possible establishment of a Joint Working Group.”

The thrust of the partnership is to “support a more enabling environment for private sector participation in the clean energy transition” and to “attract investments of British companies in the development of renewable energy sources.”

More generally, the two sides will “work together to boost and modernise Ukraine’s economy by progressing reforms that aim to attract private finance” and “boost investor confidence.”

As Declassified recently showed, British aid to Ukraine is focused on promoting these pro-private sector reforms and on pressing the government in Kyiv to open up its economy to foreign investors.

Foreign Office documents on its flagship aid project in Ukraine, which supports privatisation, note that the war provides “opportunities” for Ukraine delivering on “some hugely important reforms.”

The U.K. supports a project called SOERA (State-owned enterprises reform activity in Ukraine), which is funded by USAID with the U.K. Foreign Office as a junior partner.

SOERA works to “advance privatization of selected SOEs [state-owned enterprises], and develop a strategic management model for SOEs remaining in state ownership.”

U.K. documents note the programme has already “prepared the groundwork” for privatisation, a key plank of which is to change Ukraine’s legislation.

“SOERA worked hand-in-hand with GoU and proposed 25 pieces of legislation of which 13 were adopted and implemented,” the most recent documents note.

‘Geostrategic Rivalries’

Much U.K. foreign policy and wars can be explained by Whitehall wanting British corporations to get their hands on other countries’ resources.

The 2003 invasion of Iraq was mainly about oil while decades earlier the U.K.’s brutal war in Malaya in the 1950s was substantially about rubber. Britain’s support for apartheid South Africa is significantly explained by the U.K. wanting continued access to South Africa’s massive mineral resources.

But the main concern now is China, which is the biggest producer of 12 out of the 18 minerals assessed by the U.K. as critical.

The Ministry of Defence’s major geopolitical forecast, its “Global Strategic Trends,” released last year, makes 57 mentions of minerals, noting that they “will become of increasing geopolitical importance” and could lead to “new geostrategic rivalries and tensions.”

History suggests that Whitehall’s international strategy on critical minerals, and its scramble for Ukraine’s, will continue to shape U.K. foreign policy and contribute to these future international tensions.

END

EUROPE/THE GLOBE

Mass Cases Of EDS Reported All Over The World…

Friday, Mar 14, 2025 – 10:25 AM

Authored by Steve Watson via Modernity.news,

A new global pandemic has taken hold with mass cases of Elon Derangement Syndrome breaking out all over the globe.

Yesterday we reported on Greg, a guy who bought a Tesla just to smash it up with an axe.

And The Award For Retard Of The Year Goes To…

Shut up Greg.

Symptoms of the disease previously seen in the U.S., including hysterical frothing, weird public tantrums and calling everyone who you disagree with a Nazi, have now also been reported in London.

Cases of EDS have suddenly exploded in London. pic.twitter.com/y0tsji8jd2
— m o d e r n i t y (@ModernityNews) March 13, 2025

These billboards and ads are popping up everywhere across the city in a coordinated effort to smear Musk for merely being associated with President Trump.

These are appearing all over London. @elonmusk should find out who is funding this and sue the hell out of them. Defamation and libel, particularly where a company brand is concerned, are not protected by free speech. pic.twitter.com/SkR8lRKDuo
— m o d e r n i t y (@ModernityNews) March 13, 2025

British libel laws are quite stringent.

Far-left activists put up another Anti-Elon Musk billboard in London.

‘Tesla The Swasticar.’ pic.twitter.com/hV33cehxhF
— Oli London (@OliLondonTV) March 14, 2025

The children running this ‘campaign’ likely have not considered the potential consequences of publicly associating at least two global brands, as well as Musk himself, with fascism.

Nothing says "totally organic campaign" like super sized billboards.
— Terrorhörnchen (@Terrorhoernchen) March 13, 2025

The billboards have been traced to a group calling itself ‘Overthrow Musk’.

Tesla driving past our Tesla poster #TeslaBoycott pic.twitter.com/PXKgn3WyDZ
— Overthrow Musk (@OverthrowMusk) March 13, 2025

They might be well funded but they can’t spell ‘surprise’. What a suprise.

Ironically, they have an X account.

The making of… the worst movie ever #TeslaTakedown pic.twitter.com/c4XB6gV2X5
— Overthrow Musk (@OverthrowMusk) March 13, 2025

They’re also actively placing these things on Tesla dealerships in London.

The only remaining reason to pay Tesla showrooms a visit#TeslaBoycott pic.twitter.com/VBiN05BpHv
— Overthrow Musk (@OverthrowMusk) March 14, 2025

The “dark money” group is operating as a non-profit organisation, meaning funding sources are not publicly disclosed.

@elonmusk really ought to get his lawyers to track down whoever's doing this and sue the living shit out of them.
— Simon Dwinder (@Sidwinder75) March 13, 2025

Videos of posters being put up on the London Underground have been uploaded on TikTok by a group called ‘Everybody Hates Elon.’

It is unclear whether the two groups are affiliated. The billboards look like they’ve been paid for and sanctioned, while the tube posters just seem to be being placed by opportunists.

We’ll soon find out though, the media is on it…

Hi. I am a reporter at @Independent. Would someone from @OverthrowMusk be available to speak with me this morning? It can be anonymous. We want to hear about your campaign. Thanks!
— Alexander Butler (@alexander_wpb) March 14, 2025

More cases of EDS were witnessed at a Tesla showroom in the UK where eco-loons with Just Stop Oil poured orange latex over an Optimus robot and accused Musk of being a ‘fascist.’

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-9&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1900189796699369787&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fmass-cases-eds-reported-all-over-world&sessionId=84f5629b4a86d7c417b5fb3ee21fa8aad2680c7d&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

Geniuses. Targeting an electric vehicle company while banging on about fossil fuels and climate change… and fascism or something.

EDS is also quickly spreading throughout Europe:

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL HAMAS///

Hamas To Free American Hostage After Direct Trump Admin Intervention

Friday, Mar 14, 2025 – 08:55 AM

Hamas on Friday announced it is preparing the release of hostage Edan Alexander, who is an American citizen serving in the Israeli military, along with the bodies of four other dual nationals previously slain.

Alexander was manning a military post near the Gaza Strip on October 7 when the base was overrun by Hamas gunmen pouring in from Gaza. The US-designated terror group further announced it “affirms its complete readiness to initiate negotiations and reach a comprehensive agreement on the issues of the second phase while calling for the occupation (Israel) to fully implement its obligations.” The group says it wants to salvage the fragile truce which has been holding.

Hamas stopped short of issuing the names of the four deceased that it plans to release. Alexander’s background is that he is a 21-year-old from Tenafly, New Jersey who volunteered to join the Israel Defense Forces (IDF) after high school.

US Middle East Envoy Steve Witkoff has this week said that securing his release is a top priority for the White House. Newsweek and other describe this is a big diplomatic win for President Trump:

US President Donald Trump had urged the release of the American hostage along with the remaining Israeli hostages, sending an ultimatum to Hamas last week. Trump has since met with several hostages released by Hamas during a first phase of a U.S.-brokered ceasefire between Israel and the militant group.

Alexander’s release would be a boost for Trump’s strong push to get hostages released, which has included contacts with Hamas that had surprised the Israeli government. he was the last surviving American hostage.

That the White House appears to have bypassed its Israeli ally on this is a huge blow to the Netanyahu government.

As for the Israeli prime minister, one regional report says he is currently gauging public opinion on the possibility of renewing the war in Gaza:

The Israeli public is largely tired of the war on Gaza and “convinced that Netanyahu is incapable of managing it”, Israeli analyst Ori Goldberg says.

The prime minister is gauging public opinion and “waiting to see which shoe will drop”, Goldberg told Al Jazeera.

“The shoe that calls for the continuation of the war, which demands a great deal from Israelis, or the shoe that is ultimately calling for [a discontinuation] of the war and the understanding that Israel must take home all the hostages and it has no choice.

“So far, Netanyahu has been able to read the public very well, but I’m not sure that’s the case any more,” he added.

Life in the Strip itself is still fraught with extreme dangers given how destroyed the enclave is. Humanitarian workers are reporting that civilians are getting badly hurt upon returning to their dilapidated homes. Walls or structures have crashed down on them.

Footage from Oct.7:

⚡️Another video of hostages taken by Hamas into Gaza pic.twitter.com/xQHgHZB8Ob
— War Monitor (@WarMonitors) October 7, 2023

“The buildings are so damaged they’re collapsing on them. Just two days ago, we had a young man – a wall fell on him, broke his spine, and tore his left kidney off his aorta,” Dr Feroze Sidhwa, a trauma surgeon with MedGlobals, told Al Jazeera. “So we had to remove his left kidney or he would have bled to death.”

The doctor further described that high prices at markets and and lack of humanitarian aid mean “people are turning on each other sometimes and disputes are becoming violent.”

ISRAEL HAMAS

Israel attacks Hamas manipulation as terror group says it will free Edan Alexander – report

Israeli official to ‘Post’: Hamas’s intention to release only hostages with American citizenships is “a manipulation intended to sabotage negotiations.”

By AMICHAI STEIN, SARAH MOSKOWITZMARCH 14, 2025 13:03Updated: MARCH 14, 2025 15:26

Relatives of hostages call for the return of their loved ones in Jerusalem. February 17, 2025. (photo credit: Raquel G. Frohlich) — Relatives of hostages call for the return of their loved ones in Jerusalem. February 17, 2025.(photo credit: Raquel G. Frohlich)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-846075&unitId=2900003088&userId=0825748c-83eb-4fa6-9d99-5d5781551d74&isLegacyBrowser=false&isPartitioningSupport=1&version=20250225_eab6a653f4759423d63a849fb76f9f0d4185dca4&useBunnyCDN=0&themeId=140&unitType=tts-player

Israel accused Hamas of deviating from the American proposal for a ceasefire extension after the terror organization announced on Friday that it had agreed to release American-Israeli hostage Edan Alexander from Gaza captivity.

Hamas also said it would return the remains of four deceased hostages with American citizenship: Omer Neutra, Itay Chen, Gadi Haggai, and Judy Weinstein Haggai. Israeli officials previously confirmed the deaths of all four hostages named by Hamas.

US Middle East envoy Steve Witkoff presented an updated American proposal in Doha on Wednesday. A source involved in the negotiations told the Post that the proposal discussed by Witkoff included the release of five living hostages and several deceased hostages in exchange for extending the ceasefire in Gaza for a few weeks.

In other words, Hamas’s current proposal is quite different from the American mediator’s proposal, the source added. The Prime Minister’s Office said in a statement on Friday that Hamas “continues to enact manipulations and psychological terror” as it “refuses to budge a millimeter” from its original demands.

An Israeli official told The Post that Hamas’s intention to release only hostages with American citizenships is “a manipulation intended to sabotage the negotiations…Hamas has not changed its position, despite American efforts, and despite our efforts to make concessions.”

The terrorist organization also said that they received a new offer for phase two of the ceasefire and hostage deal from American mediators yesterday and responded positively to it.

In response to Hamas’s statement, Prime Minister Benjamin Netanyahu will hold a security consultation in the next hours, an Israeli official told The Jerusalem Post.

The Hostages and Missing Families Forum stated that it welcomes the return of every hostage, “whether they come home for rehabilitation or burial.

“The return of any number of hostages must only be the beginning of an immediate and comprehensive deal to secure the release of all hostages,” the forum continued.

The forum stated that Trump’s commitment to bringing all the hostages home has given them hope “during this darkest of times.”

“As of today, 59 hostages remain. We pray every single day for a deal that brings every one of them home, immediately,” the forum concluded.

US engaged in direct negotiations

Last week, it was initially reported that the Trump administration was engaged in direct negotiations with Hamas regarding the release of American hostages in Gaza, along with the potential for a broader agreement to end the war.

The talks, led by Adam Boehler, US President Donald Trump’s envoy for hostages, are unprecedented, as the US has never previously communicated directly with Hamas, Walla reported.

Currently, five American citizens are being held hostage by Hamas in Gaza. Four have been declared deceased, while 21-year-old Edan Alexander is believed to be alive.

Related Tags

END

Witkoff warns time is not on Hamas’s side as terror org. makes impractical demands

The US government proposed extending the Gaza ceasefire beyond Ramadan and Passover, and warned Hamas that time is running out.

By REUTERS, JERUSALEM POST STAFFMARCH 14, 2025 16:54Updated: MARCH 14, 2025 20:21

Hostage deal negotiators (L) Israeli Strategic Affairs Minister Ron Dermer and (R) Middle East envoy Steve Witkoff. (photo credit: shutterstock/Photo Drive, Flash90/Yonatan Sindel, REUTERS/Evelyn Hockstein/Pool/File Photo) — Hostage deal negotiators (L) Israeli Strategic Affairs Minister Ron Dermer and (R) Middle East envoy Steve Witkoff.(photo credit: shutterstock/Photo Drive, Flash90/Yonatan Sindel, REUTERS/Evelyn Hockstein/Pool/File Photo)

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US special envoy to the Middle East Steve Witkoff dismissed on Friday Hamas’s claim that it would release Israeli-American hostage Edan Alexander in addition to the remains of four other American hostages.

In a joint Friday statement with the US National Security Council, Witkoff warned that the organization could no longer play for time with a ceasefire and hostage deal.

“Unfortunately, Hamas has chosen to respond by publicly claiming flexibility while privately making demands that are entirely impractical without a permanent ceasefire,” the statement read.

“Hamas is making a very bad bet that time is on its side. It is not. Hamas is well aware of the deadline, and should know that we will respond accordingly if that deadline passes.”

The mother of Israeli hostage Edan Alexander hugs an organizer at a pro-Israel rally, nearly one year after Hamas' October 7, 2023 attack in southern Israel, in the Manhattan borough of New York City, US October 6, 2024. (credit: REUTERS/Stephani Spindel) — The mother of Israeli hostage Edan Alexander hugs an organizer at a pro-Israel rally, nearly one year after Hamas’ October 7, 2023 attack in southern Israel, in the Manhattan borough of New York City, US October 6, 2024. (credit: REUTERS/Stephani Spindel)

What is the ‘bridge’ plan?

The United States proposed a “bridge” plan to extend the ceasefire in Gaza into April beyond Ramadan and Passover and allow time to negotiate a permanent cessation of hostilities, the White House said.

The Jerusalem Post previously reported that Witkoff presented the updated proposal in Doha on Wednesday. A source involved in the negotiations said that the proposal discussed by Witkoff included the release of five living hostages and several deceased hostages in exchange for extending the ceasefire in Gaza for a few weeks.

As such, Hamas’s proposal is markedly different from the US’s “bridge” proposal. The Prime Minister’s Office noted on Friday that Hamas “continues to enact manipulations and psychological terror” on hostages and their families and that the terrorist organization “refuses to budge a millimeter” in negotiations.

The US’s Friday statement noted the differences between the proposals.

“Through our Qatari and Egyptian partners, Hamas was told in no uncertain terms that this ‘bridge’ would have to be implemented soon — and that dual US-Israeli citizen Edan Alexander would have to be released immediately,” it added.

An Israeli official also told the Post that Hamas’s intention to release only hostages with American citizenships is “manipulation intended to sabotage the negotiations…Hamas has not changed its position, despite American efforts, and despite our efforts to make concessions.”

The Hostages and Missing Families Forum said that it would welcome the return of any hostage, dead or alive.

“The return of any number of hostages must only be the beginning of an immediate and comprehensive deal to secure the release of all hostages,” the forum stated.

The forum stated that the Trump administration’s commitment to bringing all the hostages home has given them hope “during this darkest of times.”

END

ISRAEL HAMAS/AFRICA NATIONS

US and Israel look to Africa for resettling Palestinians uprooted from Gaza – report

Officials stated that Sudan rejected the offer, while Somalia and Somaliland said they weren’t aware of any offer, KAN reported.

By JERUSALEM POST STAFFMARCH 14, 2025 07:28Updated: MARCH 14, 2025 08:43

An illustration US President Donald Trump and the Gaza Strip (photo credit: REUTERS, SHUTTERSTOCK) — An illustration US President Donald Trump and the Gaza Strip(photo credit: REUTERS, SHUTTERSTOCK)

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The US and Israel have contacted officials of three East African countries to discuss using their territories for resettling Palestinians from Gaza, the Associated Press reported on Friday, citing US and Israeli officials.

Officials stated that Sudan rejected the offer, while Somalia and Somaliland said they weren’t aware of any offer, KAN reported.

In February, when US President Donald Trump met with Prime Minister Benjamin Netanyahu in the Oval Office, Trump proposed a controversial plan of the US “taking over” Gaza, relocating the Palestinian population, and turning the war-torn strip into the “Riviera of the Middle East.”

During the meeting, Trump told The Jerusalem Post that he believed Jordan and Egypt “won’t tell [him] no” when asked to welcome Gazan refugees.”

“They won’t tell me no. I want to remove all the residents of Gaza,” he responded. “It will happen.”

US PRESIDENT Donald Trump and Prime Minister Benjamin Netanyahu speak to reporters before meeting at the White House this month. Their talks marked the return to the US-Israel relationship of deep respect, friendship, and trust that had been missing during the previous four years, say the writer. (credit: Elizabeth Frantz/Reuters)

Proposal rejection

However, both countries have also rejected the proposal, with Egyptian President Abdel Fattah al-Sisi and Jordanian King Abdullah agreeing that Gaza should be rebuilt without displacing Palestinians, as reported by Egypt’s presidency during a phone call between the two, the Post quoted.

Instead, Egypt offered up its own $53 billion reconstruction plan for Gaza, which was presented at an Arab League summit in Cairo last week.

According to a previous article from the Post, the proposal would allow Palestinians to remain in Gaza during a five-year phased approach to reconstructing Gaza, with a focus on rebuilding infrastructure, housing, and essential services. The plan would also exclude Hamas from any future leadership role.

Israel and the US have since rejected this proposal as it does not provide a clear path for Hamas to transition out of power, and it also fails to address security and long-term governance issues.

END

ISRAEL WEST BANK

BREAKING NEWS

IDF detains over 100 in West Bank counterterrorism operations

By JERUSALEM POST STAFFMARCH 14, 2025 09:13

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Israeli forces arrested over a hundred terror suspects over the past week as part of continued IDF operations in the West Bank, the military said Friday.

The IDF said it carried out targeted counterterrorism raids in Kabatiya and Arrabeh, near Jenin in the northern West Bank. Dozens of weapons were confiscated in the operation, it added.

ISRAEL LEBANON

looks like Lebanon want to make peace with Israel which is great as we will have 3 countries bordering Israel at peace: Jordan, Egypt and now Lebanon

(JerusalemPost)

Is Israel about to make peace with Lebanon? – analysis

Six months ago, peace between Israel and Lebanon seemed impossible. Now, border talks could pave the way for a historic agreement. Is a breakthrough near?

By BEN SALES/JTAMARCH 13, 2025 22:45

The city of Tyre in southern Lebanon is seen from its coastline. (photo credit: WIKIMEDIA COMMONS/ROMAN DECKERT) — The city of Tyre in southern Lebanon is seen from its coastline.(photo credit: WIKIMEDIA COMMONS/ROMAN DECKERT)

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Six months ago, the notion of peace between Israel and Lebanon seemed remote, if not impossible.

At that point, Hezbollah and Israel had been exchanging fire for nearly a year. The border region between the two countries was ravaged — with a rising death toll and masses of civilians evacuated. By September’s end, Israeli troops would cross over, marking the third time Israel had invaded Lebanon since 1982.

And yet, Israeli and Lebanese negotiators met this week, in Lebanon, to accomplish a task that feels simultaneously benign and monumental: Agreeing on where, exactly, their border lies.

If the American- and French-mediated talks are successful, it could pave the way for a peace treaty that, in some ways, would be Israel’s most significant in nearly half a century. An Israeli official reportedly said, “The goal is to reach normalization.”

Here’s where things stand — and what could happen next.

Israeli soldiers seen at a staging area near the Israeli border with Lebanon, October 1, 2024. (credit: David Cohen/Flash90)

Israel and Lebanon are close geographically, but have long been enemies.

At first glance, Israel and Lebanon, just to its north, share much in common: Both are small, ethnically diverse Levantine countries with histories stretching back to the Bible that were founded in the 1940s. The Lebanese capital of Beirut and Haifa, Israel’s third-largest city, are only about 80 miles apart, both on the Mediterranean coast. For a brief period around World War II, train tracks ran between the two cities.

But over the past 75 years, the vast majority of Israelis to set foot in Lebanon have been wearing army uniforms. The countries do not have diplomatic relations and have repeatedly experienced war.

There have been three major Israel-Lebanon wars.

Their most major conflict came in 1982, when Israel invaded Lebanon, mounting a broad offensive against the Beirut-based Palestine Liberation Organization with the stated goal of stopping attacks on Israel’s border communities. Lebanon was in the midst of its own civil war, and Israel allied with Lebanese Christian militia forces, which carried out massacres in the Palestinian refugee camps of Sabra and Shatila.

The PLO decamped to Tunisia, and Israel withdrew from much of Lebanon. But the Israeli military remained in south Lebanon, where it fought a new foe — the terror group Hezbollah, which took aim at both Israeli and American troops in the country. In the decades since, Hezbollah built up its own expansive militia and weapons stockpile, operating as a so-called “state-within-a-state” in southern Lebanon and winning seats in Lebanese parliament.

After a string of Israeli casualties — including a 1997 helicopter crash that killed 73 soldiers, Israel unilaterally withdrew from southern Lebanon in 2000.

Six years later, Israel and Hezbollah fought again after the terror group raided Israel and kidnapped soldiers. That month-long war is viewed in Israel as a debacle with high casualties and Hezbollah effectively remaining entrenched on the border. The soldiers’ bodies were returned two years later in a prisoner swap.

The border remained relatively quiet until Hamas’ Oct. 7, 2023, attack, which Hezbollah joined shortly afterward, raining missiles on Israel that forced the wide evacuation of civilians from northern Israel. Israel responded with airstrikes and invaded Lebanon last fall, fighting a two-month ground conflict that killed much of Hezbollah’s leadership and left it enervated.

Now, Israel’s adversaries have been weakened.

The Israeli invasion also weakened Hezbollah in other ways. For years, the terror group had helped prop up the Bashar Assad regime in Syria. Israel has also battered Iran, Hezbollah’s chief sponsor and a key Syrian ally. Without that help, Assad’s regime — which once occupied part of Lebanon — quickly collapsed last year.

Israeli Prime Minister Benjamin Netanyahu (right) and other Israeli officials at the Syrian border on December 8, 2024. (credit: KOBY GIDEON/GPO)

Israel began withdrawing from Lebanon under a ceasefire in late November, and the border has been largely quiet since then. The ceasefire calls for the Lebanese army to take control of southern Lebanon, replacing Hezbollah. But Israel contends that that has not happened and says it needs to retain troops in Lebanon because Hezbollah is still operating in the area.

The election of Lebanese President Joseph Aoun in January — ending two years of deadlock in the political system, which is divided between the country’s Christians and Muslims — was seen as a further sign of Hezbollah’s weakness. The group’s preferred candidate dropped out of the election.

Aoun wants Israel to withdraw from his country. But his administration also marks an opportunity for building relations between the two longtime foes.

Talks are focusing on technical issues — and on Israel leaving Lebanese territory.

There have been bids at Israeli-Lebanese peace before. During the 1982 war, Israel made a failed attempt at a treaty that went nowhere. More concretely, in 2022, Israel and Lebanon negotiated a maritime border — which was seen as a step toward relations.

These talks could be even more significant. While Israel and Lebanon have always had a border — for a while it was called the “Good Fence” owing to the quiet that prevailed — there have also been disputes along the route.

Morgan Ortagus speaks at the 2021 Concordia Annual Summit in New York City, September 21, 2021. (credit: RICCARDO SAVI/GETTY IMAGES FOR CONCORDIA SUMMIT)

This week, Israeli, French, US and Lebanese negotiators met in Naqoura, Lebanon for talks that Morgan Ortagus, the American deputy presidential special envoy, said would focus on “diplomatically resolving several outstanding issues.” Among them:

Releasing several Lebanese prisoners held by Israel

Resolving the remaining border disputes

Agreeing on an Israeli military withdrawal

Israel’s prime minister’s office announced that Israel was releasing the five prisoners “in coordination with the US and as a gesture to the new President of Lebanon.”

The road to peace has pitfalls and promise.

A land border is not a peace treaty, and establishing relations between two countries that have seen each other as enemies for more than 75 years is not simple.

Hezbollah remnants risks

If the remnants of Hezbollah resume attacks on Israel, or if Israel doesn’t withdraw from Lebanon, negotiations could easily be tanked. Hezbollah has previously cited disputed border areas to justify its attacks on Israel, and The New York Times quoted Beirut-based analyst Mohanad Hage Ali, who said, “If a deal on the border is done, Hezbollah’s alibi will be gone.”

But Israel as well as the United States have had their eyes set on accords with other countries in the region for a while. The focus thus far has been on a treaty with Saudi Arabia. But in some ways, a treaty with Lebanon is far more significant.

Israel signed normalization deals with four Arab countries in 2020, but none with which it had ever really fought a war. The same is true for Saudi Arabia: They don’t have official relations, but they’ve never fought a major conflict.

That is not the case with Lebanon. A peace treaty with Lebanon, if it were to hold, would be an actual peace — an end to decades of attacks, bombings and invasions.

It would also be Israel’s first treaty with a country on its border since the 1994 treaty with Jordan, which had also not fought Israel for years at that point. The last time Israel went, within the span of several years, from fighting a country to making peace with it happened with the Israel-Egypt treaty in 1979.

An Israeli-Lebanese deal would also mean that Israel would have relations with three of the four countries bordering it.

So will Israelis be able to board a train to sip coffee in Beirut? Not anytime soon. But this week’s talks may open the door.

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END

ISRAEL SYRIA

(MiddleEastEye)

Former Head Of Israeli Military Intelligence Welcomes ‘Chaos’ In Syria

by Tyler Durden

Friday, Mar 14, 2025 – 03:30 AM

Via Middle East Eye

The former head of the Israeli Military Intelligence Directorate has voiced his support for the “power struggle” in Syria, adding that the “chaos” benefits Israel. “The chaos in Syria is beneficial. Let them fight each other. But Israel should remain silent on this matter and not make any public statements. It should act calmly,” Tamir Hayman said in an interview with the Israeli Army Radio.

Hayman, who now serves as the director of the Institute for National Security Studies, welcomed the conflict between the different factions in Syria, but added that Israel must stay quiet. “We wish victory to all forces, but we must do one thing, do this silently, and not talk about it.”

He said while in the short term there appears to be power struggle in Syria, the new government is trying to extend its control.

“Everyone is fighting each other. An agreement with the Kurds on the first day, a massacre against the Alawites on the second day, and a threat to the Druze on the third day… All this chaos in addition to an Israeli attack on the south… All this chaos is somewhat good for Israel,” he explained.

The former military commander was referencing the violence that began on last Thursday when gunmen allegedly loyal to Assad launched attacks on security forces in the coastal region, home to members of the Alawi community, to which Assad and most of his loyalists belong.

Clashes spiraled into revenge attacks on civilians, leaving hundreds dead and thousands displaced. The killings have stoked an atmosphere of sectarianism and intimidation, and posed a massive challenge for the credibility of Syria’s nascent government.

Civilians belonging to the Alawi community were particularly targeted. Tensions in the area had been high ever since Assad’s ouster, with Alawis saying they have been victims of occasional reprisal attacks.

While the new Syrian administration’s defense ministry said it had completed its operations against “regime remnants”, residents of the coastal cities say violence has not ended, despite being reduced.

Further destabilization and attacks

Meanwhile, Israel carried out an air strike on the Syrian capital Damascus on Thursday, as its defence minister threatened Syria’s interim President Ahmed al-Sharaa, adding to the chaos in Syria.

Israel’s military said it was targeting what it described as a command center belonging to Palestinian Islamic Jihad, which it said was used to direct “terrorist activities” against Israel.

Middle East Eye could not independently verify the claim. The strike took place in a residential area at the edge of Damascus, Syrian state media reported. The target of the strike was a Palestinian person, two Syrian security sources told Reuters. It was not immediately clear if anyone was wounded in the attack.

Elsewhere on Thursday, Israeli forces advanced into the countryside in Syria’s al-Quneitra region with tanks and military vehicles, detonating former military sites, according to the Syrian Observatory for Human Rights.

Last month, Israel carried out a series of air strikes on what it said were military bases in Syria, following Prime Minister Benjamin Netanyahu’s speech demanding a “complete demilitarisation” of Syria’s south. At least two were killed in the attacks.

During the speech, Netanyahu made specific reference to Syria’s Druze community, who live predominantly in the Sweida region. “We will not tolerate any threat to the Druze community in southern Syria,” he said.

🇸🇾 Jolani jihadi terrorist gives speech over bodies of an Alawite family he just murdered in their home:
"This is the fate of everyone attacking our Mujahideen! We promised you peace O you sons of pigs and apes!"#FactCheckSyria pic.twitter.com/aPnNQA0trF
— OstensibleOyster (@Ostensiblay) March 13, 2025

On Thursday, Israel’s foreign ministry confirmed it had sent humanitarian aid to Druze communities in Syria over the past few weeks. Analysts have suggested that Israel’s overtures to the Druze community are part of attempts to divide Syria.

Israel has carried out heavy air strikes against Syrian military infrastructure since December, leaving the new administration – already battered from 14 years of civil war – with little capacity to respond militarily.

end

SYRIA/DRUZE/ISRAEL

Druze sheikhs arrive in Israel from Syria in historic visit to prophet’s shrine

The Druze sheikhs arrived via buses to the border gate, where they were greeted by their Druze brethren living in Israel.

By JERUSALEM POST STAFFMARCH 14, 2025 16:41Updated: MARCH 14, 2025 16:45

Buses carrying senior figures from the Syrian Druze community welcomed by members of the Druze community in Israel, March 14, 2025 (photo credit: AYAL MARGOLIN/FLASH90) — Buses carrying senior figures from the Syrian Druze community welcomed by members of the Druze community in Israel, March 14, 2025(photo credit: AYAL MARGOLIN/FLASH90)

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Some 100 Druze sheikhs crossed into Israeli territory from the Syrian border on Friday morning after Israel approved a historic visit to a shrine in Tiberias.

The Druze sheikhs, most from the Druze village of Hader in southern Syria, arrived via buses to the border gate, where they were greeted by their Israeli brethren, waving the Druze flag.

The cultural significance of Nabi Shu’ayb

Israel approved the arrival of Syrian Druze sheikhs into Israel to take part in the annual pilgrimage to Nabi Shu’ayb’s shrine, where, according to Druze tradition, the prophet Shu’ayb is buried.

END

ISRAEL AND JORDAN

IDF arrests suspected infiltrators near Jordanian border, gunfire exchanged

The IDF noted that there were individuals hit from the gunfire exchange but no casualties.

By JERUSALEM POST STAFFMARCH 14, 2025 01:10Updated: MARCH 14, 2025 01:52

IDF counterterrorism operation in the West Bank throughout the month of February 2025. (photo credit: IDF SPOKESMAN’S UNIT) — IDF counterterrorism operation in the West Bank throughout the month of February 2025.(photo credit: IDF SPOKESMAN’S UNIT)

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The IDF identified and arrested several suspects who crossed into Israeli terrority from the Jordanian border and engaged in a gunfire exchange with the troops, the military announced late on Thursday night.

Israel’s military added that before their arrest, the suspects approached the IDF troops in a manner that posed a threat.

The troops responded to the threat with gunfire, the IDF said.

The IDF also noted that there were individuals hit from the gunfire exchange. However, there were no casualties among Israeli forces.

In a similar past incident, the IDF arrested two suspects after they crossed into Israeli territory from Jordan near the border in the Dead Sea area back in February.

An Israeli soldier walks next to the border fence between Israel and Jordan, in southern Israel near Eilat February 9, 2016. (credit: REUTERS/MARC ISRAEL SELLEM)

Previous infiltration

The military added that the suspects were then transferred to security forces for further processing. There were no injuries reported among Israeli forces.

This came after the IDF had earlier identified suspicious tracks near the border, suspecting they were linked to infiltration into Israeli territory.

This is a developing story.

END

RUSSIA VS UKRAINE

Ukraine’s Kursk Blunder Opens The Door For Russian Invasion Of The North

by Tyler Durden

Friday, Mar 14, 2025 – 02:45 AM

The true purpose behind Ukraine’s attack on the Kursk region of Southwest Russia has been hotly debated, mostly because the area holds little to no traditional strategic purpose. Not all seized territory has equal value in a war; some territory has no value.

Some believe that the incursion was meant to open a door to an attack on the Kursk Nuclear Power Plant, which could then be held hostage or sabotaged, leaving a radioactive mess for the Russians to clean up. But the plant is too far from the border to be successfully captured by anything other than a large scale offensive force with superior logistics.

Others argue that the mere act of invading Russian soil (no matter how useless) was intended to send a message to Ukraine’s western allies that Vladimir Putin’s “red lines” are a false front and that he would never respond with a nuclear defense. In other words, Kursk was supposed to encourage US and European officials to enter the war with boots on the ground.

It remains to be seen if Putin would in fact use the nuclear option, but Ukraine certainly isn’t worth taking the risk, at least not for the majority of western citizens.

Kyiv has claimed that the action was designed to lure Russian troops away from the eastern front where they have been making significant gains, thus slowing the Kremlin’s attrition machine and giving Ukraine a better position at the negotiating table. If this was the intent, then the plan failed.

The momentum in Kursk was contained within a couple weeks of the operation and the Ukrainians have been stuck there ever since. In the past month their gains in the area have been whittled down and now their lines are imploding. It is expected that Russia will take back the last Ukrainian holdings within the next two weeks, but this is not the biggest problem Ukraine faces after the failure of their Kursk operation.

At the end of February the Russians were already initiating cross-border strikes into the Sumy Oblast of Northern Ukraine and it looks as though these strikes might turn into a full invasion.

As we noted at the end of December, the Kursk attack by Ukraine could end up backfiring in spectacular fashion. With tens of thousands of Russian troops amassed in the region, the fall of Ukrainian lines means the path is open for those same troops to come pouring into Sumy and cut the country in half.

Vladimir Putin’s recent appearance in Kursk and ample geolocation data in the town of Sudzha proves that the area is well under Russian control despite claims that the Ukrainians are holding. Russian incursions into Sumy have also escalated.

The troop surge comes just as the Trump Administration positions for peace negotiations, an effort which is meeting resistance from all sides. Even US allies within NATO are insisting that the war continue until Ukraine gains back all of its lost territory (which they know is not going to happen). The precarious nature of peace talks is amplified by Putin’s refusal to enter into a ceasefire agreement. Putin claims the ceasefire would serve no purpose other than to allow Ukraine to strengthen their lines.

The western media continues to promote the narrative that Russia is using thousands of North Korean soldiers as “meat waves” to run Ukraine out of Kursk. We’re still waiting for any significant evidence to back this claim but none has materialized. Russia has multiple ethnic groups within the country that “look Asian” and the presence of these people on the battlefield is not proof of North Korean troops. To this day there is no evidence of “meat waves” or a large contingent of DPRK soldiers.

In any case, Kursk is lost to the Ukrainians, which will hopefully give Vladimir Zelensky and Kyiv motivation to finally agree to realistic peace negotiations. If not, then the Russians are perfectly positioned to invade Northern Ukraine and close in on Kyiv.

Putin has presented two terms for any agreement: Ukraine must give up the captured Donbas region and allow the separatists to join Russia. And, Ukraine is never allowed to join NATO.

Sadly, these were the basic terms at the very beginning of the war. Hundreds of thousands of lives (perhaps millions when the true tally is revealed) could have been saved if peace talks had not been interfered with in 2022. If peace is achieved now, at least World War III can be avoided.

END

Trump Urges Putin To ‘Spare The Lives’ Of Ukrainian Troops Surrounded In Kursk

Friday, Mar 14, 2025 – 10:40 AM

President Trump has revealed Friday that he has held the second phone call of his current administration with Russian President Vladimir Putin on the prospect of ending the Ukraine war. The call, held Thursday, included a plea by Trump for Russia to spare the lives of Ukrainian soldiers currently surrounded in the Kursk region. Such a direct appeal like this by Trump is unprecedented.

“We had very good and productive discussions with President Vladimir Putin of Russia yesterday” – Trump began a statement on Truth Social, before continuing, “and there is a very good chance that this horrible, bloody war can finally come to an end…”

That’s when he stated in all caps, “But, at this very moment, thousands of Ukrainian troops are completely surrounded by the Russian military, and in a very bad and vulnerable position.”

“I have strongly requested to President Putin that their lives be spared. This would be a horrible massacre, one not seen since World War II. God bless them all!!!” – Trump ended with.

Aside from the rare or even unprecedented nature of such a direct appeal from a sitting US President for Putin to spare the lives of Ukrainian soldiers, this a first top-level US acknowledgement that Ukraine is rapidly losing in its cross-border Kursk operation.

Already as of Wednesday there were widespread reports that a Ukrainian withdrawal from Kursk is underway, and it’s been confirmed that the key town of Sudzha has been taken back by Russian forces, along with well over a dozen towns and settlements in rapid fashion.

The amount of Russian territory the Ukrainians still hold there has suddenly shrunk at least four-fold, and by many accounts Russian operatives continue closing in. Even the Financial Times has admitted that the writing is on the wall:

Kyiv’s forces managed at one point to seize some 1,300 sq km of Russian territory. But over the first few weeks the area they were able to hold became a narrow wedge.

“It is no secret that the zone of our incursion, it should have been wider,” Kariakin said. “A wide area along the border would have been much more comfortable.” Instead, Russian troops surrounded Ukraine’s occupying forces on three sides. It was a precarious position and became increasingly difficult to hold.

War analysts consider it highly debatable and uncertain whether the risky cross-border gambit which started in August actually translated to any strategic advantage across the broader war theater:

For Andriy Zagorodnyuk, a former defense minister of Ukraine, the Kursk operation “served its purpose”: it diverted elite Russian forces and prevented them from opening up another front, he said. Others question whether the benefits outweighed costs to Ukraine’s defense effort on the eastern front.

The tragic ‘cost’ has been tens of thousands of Ukrainian troops lost to an operation which had little to no chance of success in the first place.

“High chance” of peace, Trump said..

END

Putin Calls For All Ukrainians In Kursk To Surrender, ‘Sympathetic’ To Trump’s Request To Spare Lives

Friday, Mar 14, 2025 – 01:58 PM

Update(1358ET): The Kremlin has responded to President Donald Trump’s request that the lives of the Ukrainian troops encircled in Russia’s Kursk Region be spared, which was conveyed in a Friday Truth Social post by the president. Moscow says it is “sympathetic” to this request, and the pattern in the battle to retake Kursk has been to take POWs if weapons are laid down.

At the same time President Putin has called immediate surrender of all Ukrainian troops remaining on Russian soil. Trump had acknowledged that “thousands of Ukrainian troops” are “completely surrounded by the Russian military” in the southwest Kursk region.

Putin said during a National Security Council meeting on Friday that Russian forces guarantee their lives if they lay down their arms, according to state media translation:

Putin responded that he was aware of Trump’s request, adding that Russia was willing to consider it. “If they lay down their arms and surrender, [we] will guarantee them their lives and dignified treatment in accordance with international law and Russian legal norms,” the president said.

But Putin also emphasized the “numerous crimes against civilians” in the region, also has hundreds of thousands of citizens have fled over the last six months of the Kursk occupation on risky operation ordered by Zelensky.

Is he “requesting” that Russia not complete its operation in Kursk? pic.twitter.com/Eq8Bdpx95l— Michael Tracey (@mtracey) March 14, 2025

The Ukrainian leader has meanwhile rejected that he will cede territory in Ukraine for the sake of peace, and is demanding a ‘strong response’ from the US. But clearly Trump’s own words suggest he’s not ready to order some kind of greater intervention on Kiev’s behalf.

* * *

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

MARK CRISPIN MILLER

The toll of “vaccination” at Fox News

Just as Trump must share the blame for this unparalleled crime against rest of us (even if he didn’t wear a mask, and boldly “touted” HCL), so must Fox, no less than any “liberal” network

Mark Crispin MillerMar 14

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Recently I got an email from a reader wondering what we (that is, my team and I) think really happened to Gene Hackman and Betsy Arakawa. Were they jabbed, she asked, “to keep up with the other Democrats”?

While we believe the jab did, more than likely, play a key role in that macabre outcome—Betsy was reportedly a staunch Covidian, who would certainly have craved injection for the both of them, repeatedly—the question needs a fuller answer, to refute the notion that the “vax” craze has swept only “Democrats” away.

Close readers of our weekly compilations, and the related surveys of “nonfatal” illnesses among celebrities, will know that the COVID bioweapon has struck down “red” and “blue” alike: the broken Mitch McConnell, Rep. Steve Scalise (R-LA) and Rep. Jackie Walorski (R-IN), who perished in a flagrant “vaccident” caused by a jabbed staffer, are just a few of the congressional Republicans who got the shot. (If there are any who did not, I’d like to know.) Nationwide, we’ve seen the same among Republican state legislators and officials; and then there’s the inordinately high rate of “sudden deaths” throughout the state of Texas, as several of our readers have observed.

And so, in this regard (as in so many others), the right has proven to be little different from “the left”; and to claim otherwise is to engage in wishful thinking, and to underestimate the evil brilliance of the COVID propaganda.

The mandate:

Fox News Requires Employees to Report Vaccination Status, Mandates Masks for Workers in ‘Confined Spaces’

August 19, 2021

Link

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Fatals:

Former FOX Business host Lou Dobbs dead at age 78

July 18, 2024

FILE - Fox Business News host Lou Dobbs speaks at the Conservative Political Action Conference (CPAC), on Feb. 24, 2017, in Oxon Hill, Md. Dobbs, the conservative political pundit and TV host who was a nightly presence on Fox Business Network for more than a decade, has died. His death was announced Thursday, July 18, 2024, in a post on his official X account. (AP Photo/Alex Brandon, File)

Former FOX Business host Lou Dobbs has died at the age of 78. A statement posted on his X account called him a “fighter till the very end – fighting for what mattered to him the most, God, his family and the country.” Dobbs hosted the highly rated “Lou Dobbs Tonight” on FOX Business from 2011 to 2021, following multiple stints at CNN. Former President Trump, a longtime friend of Dobbs, eulogized him in a post on Truth Social on the same evening he will accept the 2024 Republican presidential nomination.

No cause of death reported.

Link

Fox News commentator, doctor Kelly Powers dead at 45 after cancer battle, overcoming illnesses to give birth: ‘Luckiest unlucky girl’

December 3, 2024

Fox News commentator and doctor Kelly Powers has died after a long battle with cancer. She was 45. Powers was first diagnosed with brain cancer after facing a series of health complications in 2020, and went into remission before the deadly illness returned this year.

Link

Rob Menschel Dies: Veteran Sports Camera Operator Was 59

December 15, 2024

[Menschel worked for Fox Sports.]

Calabasas, California – Rob Menschel, a veteran director, camera operator and lighting director in sports broadcasts, has died. He was 59. “Rob has been a fixture in the sports broadcasting industry across the nation for over 30 years,” said court reporter Lauren Rosen in a broadcast.

No cause of death reported.

Link

Legendary Cincinnati anchor/reporter dies

March 3, 2025

Veteran Cincinnati TV sports anchor/reporter Greg Hoard, who served as a Cincinnati Reds beat writer for several years, died Feb. 27. He was 73. Hoard worked the Reds beat during the Pete Rose gambling scandal in the late 1980s. After leaving Fox 19, Hoard served as an editor for Cincinnati Profile and Cincinnati Gentleman magazines.

No cause of death reported.

Link

Beloved Fox News Channel cameraman Craig Savage dead at 61

March 10, 2025

Craig Savage "left an indelible mark on Fox News and shaped the careers of many," FOX News Media CEO Suzanne Scott and President and Executive Editor Jay Wallace said.

Beloved, longtime Fox News Channel cameraman Craig Savage died at 61 on Sunday after a courageous battle with cancer. Savage joined Fox News on October 3, 1996, four days before the network launched, and has played a key role in its success.

Link

Nonfatal:

Terry Bradshaw abruptly absent from Fox NFL Sunday as host Curt Menefee reveals Steelers icon is off sick

January 29, 2024

The Pittsburgh Steelers icon fell ill before the NFL playoff showdown, host Curt Menefee informed the viewers on Sunday night. Menefee, 58, opened the NFL on Fox Pregame show by providing an update on Bradshaw’s well-being. “Usually right here for all 30 years, Terry Bradshaw,” the Fox NFL Sunday host said. But TB is a little under the weather right now. He’s going to have the evening off.” Bradshaw, 75, has served as Fox’s football analyst since 1994.

Non fatal incident

Link

40-Year-Old Fox News Journalist Diagnosed with Turbo Cancer after Covid Shot

March 7, 2024

Fox News journalist Ashley Papa has been diagnosed with stage 4 appendix turbo cancer after being pressured to take Covid mRNA shots under the network’s vaccine mandate. The young mother of one revealed that this is the second “rare” disorder she has been diagnosed with over the past two years. “I was sworn in as an official member of a club I never wanted to join,” Papa said in a heartbreaking op-ed for Fox. Papa’s cancer diagnosis came just two years after she was diagnosed with Lymphangioleiomyomatosis (LAM) in late 2021 and faced a complete lung collapse. The “fully vaccinated” reporter says her ordeal began with what she assumed were diet-induced abdominal pains. As a journalist, she was trained to question and seek the truth, yet it took her discomfort to push her towards a medical consultation. Upon her doctor’s advice, a CT scan was performed, which led to a referral to a gynecological oncologist. What followed was a month filled with tests and surgeries, culminating in a diagnosis that she was suffering from turbo cancer. The doctors revealed that Papa had acquired metastatic appendiceal cancer.

Link

With New Heart Device, Fox Anchor John Roberts, 67, Returns To Work– Urges ‘Never Be Afraid To Ask Questions’

April 23, 2024

TV journalist John Roberts, who cohosts Fox News’ “America Reports” alongside Sandra Smith, has returned to work after undergoing an FDA-approved ablation treatment for a scary heart issue he’s been living with, something called Paroxysmal Atrial Fibrillation (PAF), a type of irregular heartbeat that occurs sporadically. Roberts, 67, who previously worked as the Fox News Chief White House Correspondent between 2017 and 2021, was back on screen Monday morning with a “humble heart,” after urging his fans to be proactive and “never be afraid to ask questions” when it comes to your health.

Link

A message from FOX23 Certified Meteorologist Laura Mock

June 26, 2024

FOX23 Severe Weather Team_Laura Mock_Meteorologist.jpg

Tulsa, Oklahoma – My name is Laura, I’m 33 years old and I have stage 3 triple negative breast cancer. I took this first photo of a mammography machine on April 29th. I found a lump in my breast at the end of February and wanted to get it checked out. At first, the doctors and I thought it was a cyst since I’m “young”. Three biopsies and several scans later we determined I have breast cancer that is growing quickly and has spread to a few lymph nodes. I have a great team of doctors and my cancer fight is underway. I’ve already been through a couple weeks of chemotherapy and have several months to go.

Link

Sue Serio shares breast cancer diagnosis, road to recovery: ‘My prognosis is excellent’

August 30, 2024

PHILADELPHIA, PA – FOX 29’s Sue Serio [66] sat down at the Good Day Philadelphia desk Friday morning to share her breast cancer journey following a recent diagnosis. Below you will find a message from Sue in her own words about her battle, and the importance of early detection. “A few weeks ago, my annual mammogram (I call it a “mash-o-gram”) revealed a small spot that was different from the tissue around it. After a biopsy revealed it was malignant, I had my diagnosis, followed by these words: it’s very, very small and you’re going to be fine. It’s called “early detection,” and for the second time in my life, it’s probably going to save me. In 2012, I was faced with a similar situation: a teeny tiny spot found in my annual mammogram. When the doctor performed the lumpectomy, he couldn’t find any cancer – none. Apparently, the biopsy had gotten it all! Amazing! It was because of early detection. It’s 12 years later, and I am facing a similar situation. I will have surgery the day after Labor Day, about four weeks of recovery time, and some radiation therapy.”

Link

Wayne Dawson launches ‘Fight Like Wayne’ Foundation amid cancer battle

January 30, 2025

CLEVELAND, OH— FOX 8 anchor Wayne Dawson [69] is turning his personal battle with oral cancer into a mission to raise awareness and funds for research. Dawson, who was diagnosed with oral cancer, is launching the “Fight Like Wayne” foundation to support cancer research and encourage early detection. He shared the news in an emotional interview, holding up a shirt emblazoned with the foundation’s name. Dawson revealed that his type of cancer accounts for only 3% of all cancers and is often linked to tobacco use, alcohol consumption, or smoking—none of which applied to him.

Link

Fox News star Kat Timpf gives birth just hours after receiving cancer diagnosis & credits son with ‘saving her life’

February 25, 2025

FOX News star Kat Timpf has revealed she was diagnosed with breast cancer hours before giving birth to her first son. Timpf, 36, said her new baby “might’ve saved her life” in a surprising announcement on Tuesday in which she revealed both the birth of her son and her diagnosis. Timpf said 15 hours before she gave birth to her first child with her husband, Cameron Friscia, she was diagnosed with breast cancer. In the comedian’s typical fashion, Timpf included jokes about her hectic day in the news of her health scare. “I asked all the questions I could, including if I could get a copy of my tumor ultrasound to put on the fridge next to the ultrasound of my baby,” she said. She also said doctors recommended she get a double mastectomy as soon as possible.

Link

PAUL ALEXANDER

don’t want to be Danes. We want to be Greenlanders and we want our own independence in the future. And we want to build our own country by ourselves.”‘

END

US officials say military action in Panama would be taken (imminent) if Panama does not allow Trump to “reclaim” the Panama canal; Trump orders military to draw up plans to seize Panama

canal, taking the Panama canal by force; but breaking Greenland rejects Trump today saying Greenland is NOT for sale and will not be going to the US; “We don’t want to be Americans…we want to be

Dr. Paul AlexanderMar 14

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Greenlanders!”

Moreover, Canada is not for sale, and I have to tell you POTUS Trump, you are a very disrespectful arrogant hubris laden person to say the boundaries are arbitrary, to continue saying what you say about Canada. You clearly do not know the history of the founding of Canada. Alike telling Americans that your OWS lockdowns saved lives and the Malone Bourla mRNA vaccine saved lives when we all know YOUR OWS lockdowns and mRNA vaccine killed Americans. Killed children, killed our elderly. Yours. Yes, Biden extended but we are here due to your decision on OWS and the deadly vaccine. As much as I supported you and support you still, your statements on Greenland and Canada etc. are ludicrous. Will never happen. Canadians will never be Americans and same America must not be taken or lines redrawn by anyone.

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

Upgrade to paid

Greenland rejects Donald Trump’s takeover as president hints at sending in US troops

Greenland’s likely next PM has pushed back against Donald Trump’s repeated threats to annex the island.

‘The man likely to become Greenland’s next prime minister has rejected Donald Trump‘s bid to take over the island. Jens-Frederik Nielsen pushed back against the US President’s repeated threats to annex Greenland, which is part of Denmark.

Mr Nielsen’s centre-right Democrats secured a shock victory in elections this week. He told Sky News: “We don’t want to be Americans. No, we don’t want to be Danes. We want to be Greenlanders and we want our own independence in the future. And we want to build our own country by ourselves.”‘

END

Putin tells Ukranians “surrender or die”, rejects Trump’s deal & Ukraine’s acceptance of deal; Vladimir Putin makes ceasefire decision and gives Ukraine chilling ‘surrender or die’ ultimatum

Putin rejects Trump deal…surrender or die!

Dr. Paul AlexanderMar 14

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Allies will not appease Donald Trump for ever

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

SLAY NEWS

Group of Top Doctors & Scientists Demands ‘Immediate’ Covid ‘Vaccines’ Ban Over Surging Deaths, Cancers A coalition of leading international virologists, biochemists, medical doctors, researchers, and other top scientists has called for an “immediate” global ban on Covid mRNA “vaccines” over surging cancer rates and deaths.READ MORE

Globalists Chop Down Tens of Thousands of Acres of Amazon Rainforest to Make Way for ‘Climate Change’ Summit In a shocking display of hypocrisy, globalists have chopped down tens of thousands of acres of Amazon rainforest to make way for the United Nations’ coming “climate change” summit in Brazil.READ MORE

YouTube Star Alysha Burney Dies Suddenly in Sleep One Day Before 25th Birthday 24-year-old YouTube star Alysha Burney has been found dead after she died suddenly in her sleep just one day before her 25th birthday.READ MORE

Obama Judge Orders Elon Musk to Reveal DOGE’s Plan for Downsizing Government A Barack Obama-appointed federal judge has ordered President Donald Trump’s Department of Government Efficiency (DOGE) and its senior advisor Elon Musk to reveal plans for downsizing the government.READ MORE

New Jersey Cop Accused of Stealing Seized Drugs, Laundering $600K A New Jersey police lieutenant has been charged with stealing seized narcotics from an evidence room and laundering hundreds of thousands of dollars of suspicious payments into his bank account.READ MORE

White House Not Ruling Out ‘Foul Play’ in North Sea Tanker Crash The White House is not ruling out foul play in a disastrous oil tanker collision in the North Sea.READ MORE

Elon Musk’s DOGE Cancels Apartment Lease for Ashley Biden’s Secret Service Protection President Donald Trump’s Elon Musk-led Department of Government Efficiency (DOGE) has canceled an apartment lease used by agents on Ashley Biden’s Secret Service protection.READ MORE

Court Docs Show Hunter Biden Could Avoid Testifying in Laptop Lawsuit by Fleeing to South Africa Former first son Hunter Biden is planning to flee to South Africa in a move that could see him avoiding having to testify in a lawsuit regarding his infamous “Laptop from Hell.”READ MORE

New Canadian Prime Minister Mark Carney’s Links to Jeffrey Epstein & Ghislaine Maxwell Emerge Links have emerged between Canada’s globalist Prime Minister-elect Mark Carney and the late child trafficker Jeffrey Epstein.READ MORE

Core Consumer Prices Fall to Lowest Level in Four Years as Inflation Eases Under Trump Core consumer prices fell in February to their lowest level in nearly four years as the inflation rate came in lower than economists had predicted, the latest figures show.READ MORE

Trump’s EPA Moves to Gut Biden’s ‘Woke Green Agenda’President Donald Trump’s Environmental Protection Agency (EPA) has just announced the “most consequential day of deregulation” in American history.READ MORE

Leftist Sets Himself on Fire While Trying to Torch Tesla Charging Station to Protest Elon Musk & Trump A leftist pro-Ukraine war activist set himself on fire while attempting to protest against Elon Musk and President Donald Trump by torching a Tesla electric vehicle charging station.READ MORE

Watchdog Probe Finds Ohio College ‘Illegally Forcing’ Female Students to Share Bathrooms with Males A legal watchdog group is sounding the alarm after an investigation into Ohio’s Kenyon College found the school was violating the privacy rights of students.READ MORE

NEWS ADDICTS

Top Doctor: 100 Million Vaccinated Americans Now Have Irreversible Heart Damage

Reece WalkerMarch 14, 20250 Comments

A top cardiologist has issued a warning after discovering that deadly heart damage now impacts around 100 million Americans who received Covid mRNA “vaccines.”

According to Dr. Thomas Levy, those who received the injections should seek advice from a respected cardiologist.

Levy, a renowned cardiologist and an attorney-at-law who also serves as the contributing editor for the Orthomolecular Medicine News Service and serves as a consultant to LivOn Labs, told Steve Kirsch that the spike protein’s effect on the heart is even worse than previously thought.

In an article, Kirsch highlighted the heart damage in vaccinated pilots, which was revealed in a change to Federal Aviation Administration (“FAA”) guidelines.

Back in 2022, the FAA quietly changed the electrocardiogram (“ECG”) parameters for pilots to accommodate those with cardiac injury, suggesting the deadly shots are causing an unprecedented number of pilots to fail their screening.

In its updated ‘Guide for Aviation Medical Examiners,’ the FAA widened the ECG parameters beyond the normal range (PR max of 0.2).

According to Kirsch, this range wasn’t widened by a little, it was a lot.

“The cardiac harm of course is not limited to pilots,” Kirsch explained in his article.

“My best guess right now is that over 50 million Americans sustained some amount of heart damage from the shot.”

WATCH:

Top Cardiologist: 100 Million Vaxxed Americans Now Have Irreversible Heart Damage

The following are excerpts taken from ‘Myocarditis: Once Rare, Now Common’ by Dr. Thomas Levy.

This essay was the basis of the discussion in the video above.

As an actively practising clinical cardiologist for many years in three different communities, Dr. Levy knew about myocarditis – he just never saw it. Quite literally, he recalls seeing ONE, just one case. Now, active clinical cardiologists are seeing myocarditis patients on a regular basis – it has become genuinely common.

Covid and Myocarditis

Scientific literature indicates that myocarditis is occurring quite frequently in patients harbouring the chronic presence of the covid-related spike protein. This is being seen in many individuals with persistent chronic covid, many of whom have been vaccinated, as well as in a substantial number of individuals who have been vaccinated and have never contracted covid.

A study in mice showed that the injection of the mRNA vaccine, which produces the spike protein, reliably induced myopericarditis. Regardless of the initial source of exposure to spike protein, it appears to be the reason for the pathology and symptoms seen in chronic covid.

While not yet clearly documented by any well-designed studies in the medical literature, a great deal of anecdotal information indicates that vaccine mRNA shedding can occur.

And once transmitted, the mRNA directly leads to spike protein production. Such mRNA shedding means that the spike protein is indirectly, if not directly as well, transmissible from one individual to another via inhalation or various forms of skin contact.

While many try to dismiss such an “exposure” as too minimal to be of clinical consequence, such an assertion cannot be assumed to be true when dealing with an agent – the spike protein – that appears capable of replication once it gains access to the body.

Myocarditis, which simply means inflammation of some or all of the muscle cells in the heart, can occur when the spike protein binds to the blood vessels in the heart, to the muscle cells themselves, or both.

Chest X-ray, electrocardiogram (“ECG”), and echocardiogram can all be used to help establish the diagnosis of myocarditis. An elevated troponin level on blood testing is extremely sensitive in picking up any ongoing heart muscle cell damage, and some elevation of this test will always be seen if any significant inflammation is present in those muscle cells.

The very high sensitivity of the troponin test has revealed that there are countless numbers of people post-Covid infection and/or post-vaccination that are continuing to have sustained subclinical degrees of myocardial inflammation.

No matter how minimal the elevation of the test, any increase means that a gradual and continued loss of heart muscle function will occur over time. It also means that the heart is highly susceptible to an acute and potentially severe worsening of heart function when an additional exposure to more spike protein occurs, as is seen with the booster shots being vigorously promoted now.

Many abnormal troponin tests eventually resolve completely and many do not. The quality of nutrition, the strength of the immune system, and the quality of the nutrient/vitamin/mineral supplementation being taken are all critical factors in determining whether a minimal, subclinical degree of inflammation in the heart is capable of completely resolving with a return of the troponin level into the reference, or normal, range.

In a recent Swiss study yet to be published at the time of this writing [5 January 2023], troponin levels were measured on 777 hospital employees who received a booster injection after having received two injections previously.

On the third day after the booster, troponin levels above the upper limits of normal were seen in 2.8% of those subjects.

By the next day, half of the elevated troponin levels had come back into the normal range. Longer-term follow-up data was not available. Rather than be concerned that some myocardial damage was done by the vaccine, which is openly acknowledged in the study, it is dismissed as being of no importance since half of the elevated troponins resolved 24 hours later. And, as with all of the current papers downplaying the significance of any vaccine side effect, however significant, the authors always conclude that the vaccine is doing much more good than harm without any further qualification as to why such a conclusion is valid.

Having even the most minimal elevation of troponin not only raises the concern of some collective long-term heart damage, or the ease of having a “re-flaring” of inflammation with new spike protein exposures, as from a booster shot, it also raises the concern of electrical instability in some of the inflamed myocardial cells.

There is always a possibility of electrical instability in any inflamed myocardial muscle cells, as it is their normal physiological nature to transmit electrical impulses from one cell to the next.

Because of this, stressful events that release surges of adrenalin and catecholamines in the circulation, as is seen with peak physical exertion, can readily provoke such electrically unstable cells into starting, and sustaining, an abnormal heart rhythm.

Hundreds of European soccer players have died or collapsed on the field of play in the last two years.

Of note, they have not been seen to collapse while standing or sitting on the sidelines. Similarly, any pilot with even a minimal but otherwise symptom-free elevation of troponin can potentially sustain such a life-threatening arrhythmia when a significant stress-provoking emergency arises in the cockpit.

Covid, Arrhythmias, Heart Block, and Pilots

The PR interval is the amount of time that the heartbeat takes to traverse the atrial chambers in the heart before reaching the conduction-accelerating AV node. The normal PR interval ranges from 0.12 to 0.2 seconds.

In the setting of the pandemic, it is of particular concern when PR interval prolongation is seen for the first time following a bout of covid and/or following a vaccination. This is a clear indicator of new inflammation in at least some of the heart cells, however minimal it may be. Regardless, it should not just be assumed to be of no importance.

However, ignoring the inherent pathology in a pandemic-induced prolonged PR interval is exactly what the Federal Aviation Administration (FAA) appears to have done.

The FAA decided to change the rules, disregarding long-standing parameters of normalcy based on medical science and not convenience. The FAA has now declared a PR interval of 0.3 seconds to be the “new normal” in the FAA Guide for Aviation Medical Examiners as of October 2022. The October, 2021 standards asserted the PR interval was normal only at 0.2 seconds or less. An interval of 0.3 seconds represents a “permissible” increase in this interval by over 100% relative to the low normal interval of 0.12 seconds. This is not a nominal increase in PR interval, but a very large one.

EVOL NEWS

DOGE Cuts 239 Contracts in 2 Days — Including ‘Food Justice’ Grant for Trans Farmers Over a two-day period, 239 “wasteful” contracts with a “ceiling value” of $1.7 billion have been terminated, the Department of Government Efficiency (DOGE) said Thursday, including a grant intended to teach transgender and queer urban farmers about “food justice.”The elimination of the contracts represents a savings of $400 million, according to a DOGE tweet posted on X.Among them included an …READ THE FULL REPORT

Radical Mob Storms Trump Tower — Arrests Are Being Made A mob of radical pro-Hamas protesters have taken over the restaurant inside the iconic Trump Tower in New York City.Rep. Marjorie Taylor Greene (R-GA) just tweeted a video from that shows a radical mob of alleged Jews fighting to defend the antisemitic pro-Palestine protester Mahmoud Khalil. The group, comprised mostly of women, can be seen wearing red t-shirts that read, …READ THE FULL REPORT

Russian President Putin Accepts US-Ukraine Ceasefire Plan — But with Specific Conditions While everything pointed to the Russian side rejecting the US-Ukraine ceasefire plan – including comments made today (13) by top negotiator Yuri Ushakov – President Vladimir Putin has come out and said that he accepts the idea, provided some conditions are met.Speaking to the press after a meeting with Belarusian President Lukashenko, Putin has shocked geopolitical analysts with his acceptance …READ THE FULL REPORT

Trump to Supercharge Mass Deportations by Invoking 18th-Century Law President Donald Trump is reportedly preparing to invoke a rarely used 18th-century law to accelerate mass deportation. The move would be part of his broader immigration crackdown, a centerpiece of his 2024 campaign.Sources told CNN that Trump’s team is considering using the Alien Enemies Act, a law from 1798 that grants the president sweeping powers to detain and deport noncitizens …READ THE FULL REPORT

White House Pulls Cabinet Nomination Just Hours Before Confirmation Hearing In an abrupt about-face, the Trump administration has pulled the nomination of a director-level official just hours before he was set to participate in his first committee hearing before U.S. senators on Thursday.The rescinding of Dave Weldon for Centers for Disease Control and Prevention director partly clears the schedule of the Senate Health, Education, Labor, and Pensions (HELP) Committee.In a …READ THE FULL REPORT

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

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

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

CANADA

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: 1.0897 UP 42 BASIS PTS

USA/ YEN 148.75 UP 0.817 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 1.2937 DOWN 0.0019 OR 19 PTS

USA/CAN DOLLAR: 1.4434 UP 0.0008(CDN DOLLAR DOWN 8 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED UP 60.43 PTS OR 1.81%

Hang Seng CLOSED UP 497.33 PTS OR 2.12%

AUSTRALIA CLOSED UP 0.59%

// EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL GREEN

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 497..33 PTS OR 2.12%

/SHANGHAI CLOSED DOWN 13.19 PTS OR 0.39%

AUSTRALIA BOURSE CLOSED UP .59%

(Nikkei (Japan) CLOSED UP 263.07 PTS OR 0.72%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 2997.50

silver:$33.92

USA dollar index early FRIDAY morning: 103.67 DOWN 20 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: 3.394 % UP 2 in basis point(s) yield

JAPANESE BOND YIELD: +1.505% DOWN 2 FULL POINTS AND 0/100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.523 UP 2 in basis points yield

ITALIAN 10 YR BOND YIELD 3.966 UP 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.9030 UP 3 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 1.0892 UP .0038 OR 38 basis points

USA/Japan: 148.53 UP 0.597 OR YEN IS UP 60 BASIS PTS//

Great Britain 10 YR RATE 4.7585 DOWN 4 BASIS POINTS //

Canadian dollar UP .0024 OR 24 BASIS pts to 1.4405

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The USA/Yuan UP T0 7.2391, CNY ON SHORE ..CHINA MUST DEVALUE TO GOLD

THE USA/YUAN OFFSHORE UP TO 7.2421:

TURKISH LIRA: 36.68 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield at +1.505

Your closing 10 yr US bond yield UP 2 in basis points from WEDNESDAY at 4.302% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 30 yr bond yield 4.629 UP 3 in basis points /11:00 AM

USA 2 YR BOND YIELD: 3.971 UP 2 BASIS PTS.

GOLD AT 11;00 AM 2988,90

SILVER AT 11;00: 33.81

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 UP 89.77 pts or 1.05%

GERMAN DAX: UP 419.68 PTS OR 1.86%

Paris CAC CLOSED UP 90.07 or 1.13%

Spain IBEX CLOSED UP 183.90 PTS OR 1.43%

Italian MIB: CLOSED UP 655.57 PTS OR 1.73%

WTI Oil price 66.77 11 EST/

Brent Oil: 70.00 1:00 EST

USA /RUSSIAN ROUBLE /// AT: 85.40 ROUBLE UP 0 AND 85/ 100

GERMAN 10 YR BOND YIELD; +2.9030 UP 3 BASIS PTS.

UK 10 YR YIELD: 4.7585 DOWN 3 BASIS POINTS

CDN 10 YEAR RATE: 3.079 DOWN 7 BASIS PTS.

CDN 5 YEAR RATE: 2.733 DOWN 3 BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0882 UP 0.0027 OR 27 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR

British Pound: 1.2932 DOWN .0024 OR 24 basis pts/HEADING FOR PARITY /USA

BRITISH 10 YR GILT BOND YIELD: 4.7255 UP 1 BASIS PTS//

JAPAN 10 YR YIELD: 1.503

USA dollar vs Japanese Yen: 148.56 UP .631 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.4372 DOWN 55 BASIS PTS CDN DOLLAR UP 55 BASIS PTS

West Texas intermediate oil: 67.24

Brent OIL: 70.84

USA 10 yr bond yield UP 4 BASIS pts to 4.314

USA 30 yr bond yield UP 2 BASIS PTS to 4.620%

USA 2 YR BOND: UP 7 PTS AT 4.019

CDN 10 YR RATE 3.073 UP 1 BASIS PTS

CDN 5 YEAR RATE: 2.736 UP 2 BASIS PTS

USA dollar index: 103.74 DOWN 12 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 36.66 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 85.50 UP 0 AND 75/100 roubles

GOLD 2982.50 (3:30 PM)

SILVER: 33.72 (3:30 PM)

DOW JONES INDUSTRIAL AVERAGE: UP 674.28 OR 1.65

NASDAQ 100 UP 479.15 PTS OR 2.49%

VOLATILITY INDEX: 21.70 DOWN 2.96 PTS OR 12.00%

GLD: $ 275.24 OR UP 0.04 PTS OR 0.095%

SLV/ $30.71 DOWN 0.03 PTS OR OR 0.95%

TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 350.17 OR 1.45%

end

TRADING today ZEROHEDGE/J

ZEROHEDGE/HEADLINE CLOSING MARKETS/ZEROHEDGE

Stocks Shrug Off Sentiment Slump As Century-Old Signal Flashes Red

USA DATA

Panicking Democrats Send UMich Inflation Expectations To Highest In 32 Years

Friday, Mar 14, 2025 – 10:11 AM

UMich inflation expectations exploded even higher in preliminary March data with medium-term views spiking to +3.9% – the highest since 1993…

Source: Bloomberg

There’s just one thing… it’s all Democrats…

Republicans expect very little inflation over the next five years but Democrats expect a surge to +4.6%…

Source: Bloomberg

Short-term expectations are even more divided with Democrats expecting inflation to explode to 6.5% this year while Republicans expect no inflation…

Source: Bloomberg

Overall, consumer sentiment declined significantly…

Source: Bloomberg

UMich notes:

While current economic conditions were little changed, expectations for the future deteriorated across multiple facets of the economy, including personal finances, labor markets, inflation, business conditions, and stock markets.

Many consumers cited the high level of uncertainty around policy and other economic factors; frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of one’s policy preferences.

But once again, it was all Democrats, who are now convinced that the US outlook has never been worse…

Source: Bloomberg

According to Democrats, this is the apocalypse, folks.

No really, Democrat expectations for the economy have NEVER been lower, including the global financial crisis and COVID. For Democrats, this is the 10th circle of hell.

What’s more, Democrats are boycotting spending to prop up Trump’s economy, and instead are sitting on cash… which according to them will be worth 6.5% less in one year as a result of runaway inflation.

It appears legacy media propaganda works after all…

Finally, the UMich (inflation expectations) data is dramatically different from all the other inflation surveys – including the New York Fed’s…

…which makes us wonder who exactly are UMich surveyors asking these questions to?

USA ECONOMIC NEWS

NEW YORK

Manhattan Apartment Rents Hit Record High Amid “Irrational” Bidding

Friday, Mar 14, 2025 – 06:55 AM

Manhattan apartment rents surged to new record highs in February, driven by intensifying competition as the spring housing market begins early.

Last month, signed new leases in Manhattan rose 6.4% to $4,500—$100 higher than the previous record set in the summer of 2023—according to Bloomberg, citing new data from appraiser Miller Samuel and brokerage Douglas Elliman.

“It’s one of the most challenging times to be a renter,” said Jonathan Miller, president of Miller Samuel, adding, “It’s really an irrational market because such a large swath of it is driven by irrational bidding.”

Last month’s bidding wars occurred during a traditionally cool market that doesn’t usually heat up until spring. New leases driven higher by bidding wars topped 27%—the largest share on record.

Miller noted, “I would argue that the volatility we’re seeing in the economy with the tariffs and the uncertainty that’s piling up is keeping consumers in rentals.”

Immigration Detention Facilities At Maximum Capacity: ICE Official

Friday, Mar 14, 2025 – 09:30 AM

Authored by Jack Phillips via The Epoch Times (emphasis ours),

U.S. immigration detention facilities have reached capacity at about 47,600 beds, a top-level U.S. Immigration and Customs Enforcement (ICE) official said on March 12 in a call with reporters.

The federal government is now seeking more bed space for detained illegal immigrants, added the official, who requested anonymity as a condition of the call.

ICE is now expanding its capacity with support from the Department of Defense, the U.S. Marshals Service, and the Federal Bureau of Prisons.

Currently, ICE has funding to support an average bed space of more than 41,500 detainees, the official said, adding that ICE is working with lawmakers to obtain more funding to increase capacity.

Throughout the 2024 campaign and after taking office, President Donald Trump vowed that there would be a mass deportation of illegal immigrants. Trump said that such a move is needed after the high volume of illegal immigration under the previous administration.

Trump issued executive orders targeting illegal immigration and bolstering security along the U.S.–Mexico border. He has directed ICE agents to step up enforcement actions across major U.S. cities, with top officials including border czar Tom Homan saying they are targeting illegal immigrants with criminal histories or who are a threat to public safety.

Orders and directives that the administration has carried out include declaring a national emergency along the southern U.S. border, halting some refugee admissions, ending the previous “catch and release” policy, requiring people who are seeking asylum in the United States to remain in Mexico while waiting for court hearings, limiting the temporary protected status of people from certain countries, declining to recognize birthright citizenship, and other measures.

The number of encounters with illegal immigrants at the southern border has dropped significantly since Trump took office in January, according to recent data.

Multiple lawsuits have been filed to challenge Trump’s order ending birthright citizenship, and several judges have blocked the order. On March 11, the First Circuit Court of Appeals upheld a federal district court’s block of the order and denied a motion from the Department of Justice’s legal team to immediately overturn the district court’s ruling.

Another directive that has been challenged in court is Trump’s decision to send some illegal immigrants to the U.S. naval base at Guantanamo Bay in Cuba. Earlier this month, the American Civil Liberties Union filed a suit to block transfers to the base, which had been used to house terrorism suspects following the Sept. 11, 2001, attacks.

Some of the illegal immigrants who were sent to the base have already been deported from Guantanamo Bay to Venezuela, officials have said.

Homan said on March 4 that more funding is needed to continue the crackdown on illegal immigration, including for more beds and deportation flights.

“We need more beds, we need more enforcement assets, we need more air flights. This operation is going to cost money,” Homan told reporters at the White House. “We’re hitting on all cylinders, but we need more money to do more.”

The Epoch Times contacted the Department of Homeland Security, which oversees ICE, for comment but did not receive a response by publication time.

Reuters contributed to this report.

END

VICTOR DAVIS HANSON

VDH

VDH: Is The Jig Up For Elite Higher Education?

Thursday, Mar 13, 2025 – 05:40 PM

Authored by Victor Davis Hanson via American Greatness,

Over the last three decades, elite American universities have engaged in economic, political, social, and cultural practices that were often unethical, illegal—and suicidal.

They did so with impunity.

Apparently, confident administrators assumed that the brand of Harvard, Yale, Princeton, Stanford, and other elite universities was so precious to the nation’s elite movers and shakers that they could always do almost anything they wished.

By the 1970s, non-profit universities had dropped pretenses that they were apolitical and non-partisan.

Instead, they customarily violated the corpus of iconic civil rights legislation by weighing race, gender, and sexual orientation in biased admissions, hiring, and promotions.

Graduation ceremonies became overtly racially and ethnically segregated. The same was true for dorms and “theme houses.”

So-called “safe spaces,” in the spirit of the Jim Crow South, reserved areas of campus solely for particular races.

Affluent foreign students often openly protested on behalf of designated terrorist groups like Hamas.

First-Amendment-protected free speech all but vanished on elite campuses. Any guest speaker who dared to critique abortion on demand, Middle East orthodoxy, biological males dominating women’s sports, or diversity/equity/inclusion dogmas was likely to be shouted down, or on occasion roughed up.

University administrators either ignored the violence done to the Bill of Rights or quietly approved when their rowdy students were turned loose on supposed conservatives.

But in their hubris, the universities began a series of blunders that may now end them as they once were.

They began gouging government agencies such as the National Institutes of Health and the National Science Foundation by grabbing anywhere from 30 to 60 percent of individual campus grants as “overhead.”

Yet they usually charged most private foundation grants a far more modest 15 percent surcharge—as if a lax government did not object to overcharging.

They pushed for a vast expansion of the student loan program, whose portfolio of federally guaranteed loans reached $1.7 trillion. But once the federal government guaranteed student loans against default, universities began jacking up their fees and tuition well above the annual rate of inflation.

Elite universities did not grasp that the more they began warping their curricula with diversity/equity/inclusion gut courses, radical green agendas, and postmodern race and gender theories, the less time they had to offer students their once gold-standard general education curricula of Western Civ, history, literature, philosophy, math, and science.

Soon employers started to notice that the new therapeutic courses were also married to race and sex-based admissions.

The SAT and ACT were, for a time, dropped. So were comparative rankings of high school grade point averages.

Soon, once iconic degrees were no longer any guarantee of the ability to write and speak well, think analytically, or compute competently.

Employers often began to prefer graduates from those state schools where DEI was muted, admissions were competitive, and teaching remained rigorous and non-ideological.

Finally, after October 7, 2023, growing anti-Semitism on campuses became unapologetic, overt, and violent.

Thousands of Middle Eastern guest students brazenly cheered on Hamas terrorists.

The campus Marxist orthodoxy that Jews and Israel were “victimizing white people” and Palestinians were noble “non-white victims” ensured that Jewish students were chased and physically attacked on campuses.

A disgusted public watched invertebrate administrators either greenlight the anti-Semitic violence or ludicrously deny it.

So, there was bound to be a public reckoning. And now it has arrived.

Congress will soon pass legislation that will tax the annual multimillion-dollar income from multibillion-dollar endowments at somewhere between 15 and 20 percent.

There will be no more “overhead” or “surcharges” on government campus grants allowed larger than 15 percent.

Those two reforms alone could cost some of the richest campuses nearly a half billion dollars a year in lost income.

Racially offensive DEI programs will disqualify schools from federal support.

Foreign student guests who break U.S. laws or violate university rules will have their visas yanked and be shown the door to go home.

Campuses will have to abide by the First, Fourth, Fifth, and Sixth Amendments of the Bill of Rights or forgo federal funds.

All these remedies enjoy broad public support.

For the first time in memory, a majority of Americans disapprove of current higher education. Only ten percent of Americans believe an Ivy League degree translates into becoming a better American worker.

In a nation of declining fertility, smaller numbers of youths choosing college, and a federal government $36 trillion in debt, universities have very little leverage.

They can return to the original mission of offering rigorous, meritocratic, and disinterested education, guarantee constitutional protections for all on campus, and slash their vast administrative bloat.

Or if not, they are free to continue as they are, ensuring only further mediocrity, public dislike—and eventual irrelevancy.

SWAMP STORIES FOR YOU TONIGHT

Clinton-Appointed Judge Slams Trump “Sham”, Orders Agencies To Reinstate 1000s Of Fired Probationary Staff

Thursday, Mar 13, 2025 – 01:43 PM

San Francisco based… check.

Clinton appointed… check.

So how do you think the case against President Trump firing federal probationary staff went?

Bingo…

U.S. District Judge William Alsup described the mass firings as a “sham” strategy by the government’s central human resources office to sidestep legal requirements for reducing the federal workforce.

Politico reports that Alsup, a San Francisco-based appointee of President Bill Clinton, ordered the Defense, Treasury, Energy, Interior, Agriculture and Veterans Affairs departments to “immediately” offer all fired probationary employees their jobs back.

The Office of Personnel Management, the judge said, had made an “unlawful” decision to terminate them.

The order is one of the most far-reaching rejections of the Trump administration’s effort to slash the bureaucracy and is almost certain to be appealed.

“You will not bring the people in here to be cross-examined. You’re afraid to do so because you know cross examination would reveal the truth,” the judge said to a DOJ attorney during a hearing Thursday.

“I tend to doubt that you’re telling me the truth. … I’m tired of seeing you stonewall on trying to get at the truth.”

The judge called the move “a gimmick.”

Alsup also said the Office of Personnel Management couldn’t give guidance on who to terminate, according to ABC News.

“It is sad, a sad day when our government would fire some good employee and say it was based on performance when they know good and well that’s a lie,” Alsup said.

Do those sound like the findings of a non-partisan, legally-trained, judicially-independent member of the bench?

And on it goes…

https://x.com/Sadie_NC/status/1900230179563139437?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1900230179563139437%7Ctwgr%5E3321ba0233e9c2e2cdccfd898c191a9912c025b0%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zeroh

This is just getting ridiculous, how can judges make you hire people, when you are the chief executive one of your functions is hiring and firing people…this is such nonsense. It’s judicial over reach. At this rate we won’t be able to get anything done . Judge after judge…
— Biggunguy (@BiggunguyEd) March 13, 2025

https://x.com/elonmusk/status/1900173905257783561?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1900173905257783561%7Ctwgr%5E3321ba0233e9c2e2cdccfd898c191a9912c025b0%7Ctwcon%5Es1_&ref_url=https%3A%2F%

SCOTUS needs to clean this up asap!

END

Coordination? Protesters Occupy ‘Firebombed’ Tesla Store While Anti-Israel Jews Swarm Trump Tower ‘For Palestine’

Thursday, Mar 13, 2025 – 04:40 PM

Two protest takeovers by far-left groups unfolded in New York City early in the afternoon, appearing to be somewhat coordinated.

The first group of protesters expressed outrage over Elon Musk’s DOGE at a Tesla showroom in Manhattan, while a second demonstration of far-left pro-Palestinian activists filled the lobby at Trump Tower.

Let’s start with the rather dismal turnout of angry white liberals at the Tesla store in Manhattan, outraged that Musk is making the government more efficient by cutting fraud and waste from federal agencies.

This is why the Democrats want to destroy me
pic.twitter.com/6kreKPNPbf
— Elon Musk (@elonmusk) March 13, 2025

Turnout is not even in the hundreds or thousands—more like a dozen—likely because Secretary of State Marco Rubio’s 83% budget cut to the United States Agency for International Development (USAID), a rogue agency captured by the Deep State, has curbed the ability of shady NGOs linked to Democrats to use taxpayer funds to finance their color revolution-style riots, as they have in the past.

Leftist protesters are again occupying the Tesla store in Manhattan. The location was violently protested last week as multiple locations have been firebombed and shot up. pic.twitter.com/jcw0TmOdzh
— Andy Ngo (@MrAndyNgo) March 13, 2025

Not all of today’s protests were lame and uninspiring.

Dozens of far-left extremists, all wearing identical shirts—suggesting a high level of coordination—stormed the first floor of Trump Tower in a takeover-style tactic frequently employed by leftist groups.

🚨 #BREAKING: Anti-ICE & pro-Hamas “protestors” have taken over the first floor of Trump Tower in New York City

Arrest EVERY SINGLE ONE of them!

Before they inevitably start vandalizing the place and setting things on fire, as usual. pic.twitter.com/aeCwaJLmqn
— Nick Sortor (@nicksortor) March 13, 2025

X users point to “Jewish Voice for Peace” as the responsible non-profit for the coordinated protest inside Trump Tower.

Leftist rioters stormed Trump Tower in NYC and have been occupying it in support of a Palestinian man facing possible deportation for leading a organization urging terror attacks. pic.twitter.com/MM1cRUhQW8
— Andy Ngo (@MrAndyNgo) March 13, 2025

Their identical shirts all read, “Jews say stop arming Israel.” Many chanted: “Bring Mahmoud home now!”

The protesters are furious with the Trump administration’s move to deport Mahmoud Khalil, a Palestinian student who led pro-Palestinian encampment protests at Columbia University. Khalil’s deportation has been caught up in courts this week.

NEW: Jewish Voice for Peace has taken over the lobby of Trump Tower to demand the release of Mahmoud Khalil and that the U.S. government stop arming Israel. pic.twitter.com/ZhQhBHsSJt
— Power to the People ☭🕊 (@ProudSocialist) March 13, 2025

For the DOGE team, this may be yet another taxpayer-funded far-left NGO to investigate—one that is being weaponized by the rudderless Democratic Party.

PPP loans.

How did so many protestors end up in Trump Tower?

Also, if Rubio hadn’t neutered USAID, there would have likely been riots nationwide by now. Remember, Democrats funded the color revolution Marxist group BLM in 2020—and we all remember how that turned out.

END

Trump ICE Reveals Biden “Cooked Books” In Illegal Alien Arrests

Thursday, Mar 13, 2025 – 05:20 PM

President Trump’s Homeland Security Department has introduced new transparency regarding the illegal alien invasion under the Biden-Harris regime. The data now reveals that the previous administration “cooked the books,” creating the illusion that illegals were being arrested and detained—when, in reality, many were caught and then dumped into communities nationwide.

“We have uncovered that the previous administration… was cooking the books on ICE data,” acting ICE Director Todd Lyons told reporters on Wednesday.

Lyons explained, “They were purposely misleading the American people by categorizing individuals processed and released into the interior of the United States as ICE arrests.”

“A comprehensive review was done internally here with ICE. We found tens of thousands of cases that were recorded as arrests when, in fact, these instances were illegal aliens that were simply processed and released into the American communities,” he said.

Homeland Security published a short clip of Fox News’ report on comments from Lyons…

The Biden Administration was cooking the books on ICE arrest data.

The majority of what they counted as arrests were actually instances where illegals aliens were processed and simply released into American communities.

On day one, @POTUS ended catch and release.… pic.twitter.com/oSbiOXRnXh
— Homeland Security (@DHSgov) March 13, 2025

And again.

COOKING THE BOOKS: The Biden Administration counted illegal aliens who were processed and RELEASED into the country as ICE "arrests."

We've STOPPED catch and release.@POTUS Trump and @Sec_Noem have returned ICE to its core mission: arresting illegal aliens. pic.twitter.com/1AXPhkYOvS
— Homeland Security (@DHSgov) March 13, 2025

Senior officials told Fox News that ICE made 113,431 arrests in 2024 that were classified as “pass-through” arrests, meaning zero enforcement action was taken against the foreign nationals, who were instead released and dumped into communities via a web of NGOs funded by taxpayers and controlled by far-left organizations. The ploy here was about about rigging future elections for Democrats.

A combination of open southern borders and catch-and-release under the Biden-Harris regime explains why thousands of criminal illegal aliens and terrorists have now called America home.

Last year, a leaked US Army North Division memo warned that 5,000 armed Venezuela prison gang Tren de Aragua members were embedded in US cities and towns nationwide.

As for the interior, ICE agents made 33,242 arrests last year, which is only 29% of all arrests from the immigration enforcement agency. For comparison, ICE agents made 32,809 arrests from January 20 to March 10, indicating they will surpass the 2024 figures in a matter of days.

“What we are doing now is actual immigration enforcement, not enforcement theater,” an official said.

🚨🇺🇸BORDER CZAR HOMAN: WHO DOESN’T THINK CRIMINALS SHOULD BE DEPORTED?

"There's no excuse for someone being in the country, going on to commit a crime, and not being handed over to ICE. I don't understand it.

It's just—you know, they're here in violation of the law; that's not… https://t.co/QMMYfgzSWB pic.twitter.com/QQY6eYRL3p
— Mario Nawfal (@MarioNawfal) March 12, 2025

Another official said, “The difference between these recent arrests and those from last year is now we are actually taking enforcement actions on each and every illegal alien arrested.”

The latest border figures show that border book-ins to ICE plunged from 628 a day in February 2024 to 163 daily last month.

“We are empowering [ICE agents] to do their jobs,” Lyons said, adding, “After four years of not being allowed to effectively do their jobs, our agents and officers are excited to get to work and fulfill the agency’s mission.”

END

Schumer Caves, Tells Senate Dems He’ll Vote For GOP Bill

Thursday, Mar 13, 2025 – 06:07 PM

Update (1800ET): And there it is… in a complete reversal following a closed-door lunch, Senate Minority Leader Chuck Schumer told fellow Democrats that he would vote for cloture tomorrow morning on the GOP stopgap, according to Punchbowl News‘ Jake Sherman – who notes that 6 more Democrats will need to follow their leader after Sen. John Fetterman (D-PA) already said he would (see below).

In short…

Dems caved. No shutdown https://t.co/qvgHTCtOe5
— zerohedge (@zerohedge) March 13, 2025

As we noted below, the most likely scenario looks to be the case; Dems will provide the necessary votes to pass the GOP bill, in exchange for Senate Republican leaders granting them a performative amendment vote on the Democrats’ separate CR proposal (which means absolutely nothing aside from putting their dissent on record).

Shutdown odds on Polymarket have plummeted:

https://embed.polymarket.com/market.html?market=us-government-funding-lapse-on-march-15&features=volume&theme=dark

JUST IN: Senator Chuck Schumer is set to vote in *favor* of the GOP spending bill, according to Punchbowl.

"Schumer will vote for cloture. Needs 6 more Dems to follow him. Fetterman said he will already," @JakeSherman reported.

The update comes after CNN's Manu Raju reported… pic.twitter.com/9C5EJ3tU8Z
— Collin Rugg (@CollinRugg) March 13, 2025

I'm a hard NO on the Republican spending bill. On cloture. On all of it.

When a wannabe dictator is trying to seize power, it must not be given to him.

Not without a fight. pic.twitter.com/yypHGJFXOw
— Adam Schiff (@SenAdamSchiff) March 13, 2025

* * *

Going, Going, Gone… we’ve only got three black hats left…

“Bastards!”: Schumer Throws Contrived Tantrum After Caving To GOP

Thursday, Mar 13, 2025 – 09:45 PM

Update (2145ET): After bending the knee to the GOP and agreeing to vote ‘yes’ on the House-passed continuing resolution to fund the government through September, Senate Minority Leader Chuck Schumer (D-NY) offered a contrived outburst on MSNBC, calling Republicans ‘bastards’ before quickly correcting himself.

“To have the conflict on the best ground we have, summed up in a sentence, that they’re making the middle class pay for tax cuts for billionaires?” said Schumer. “It’s much, much better not to be in the middle of a shutdown, which should divert people from the number one issue we have against these bastards, sorry, these people, which is not only all these cuts, but they’re ruining democracy.”

🚨DESPERATE CHUCK SCHUMER CALLS REPUBLICANS "BASTARDS"🚨

"It's much, much better not to be in the middle of a shutdown, which would divert people from the number one issue we have against these bastards!"

"They're ruining democracy!" pic.twitter.com/9i90rfOv9z
— Townhall.com (@townhallcom) March 14, 2025

How many times did he practice that in the mirror?

Schumer also raged on X after bending the knee, writing that “a shutdown would be a gift,” and “the best distraction he could ask for from his awful agenda.”

Whatever you say Chuck…

END

figures!! civil war breaks out among the Democrats

(zerohedge)

Civil War Breaks Out Among Democrats After Schumer Folds On GOP Funding Bill

Friday, Mar 14, 2025 – 11:00 AM

Congressional Democrats are in full revolt after Minority Leader Chuck Schumer (D-NY) folded like a wet paper napkin and agreed to vote ‘yes’ on the House-passed government funding measure that effectively ends the shutdown fight as long as six more Democrats join Schumer and Sen. John Fetterman (D-PA) who’s a ‘yes’ as well.

As it stands, the Senate will vote this afternoon to overcome a filibuster of the House’s continuing resolution, which funds federal agencies through Sept. 30 at current 2024 levels, but also includes approximately $13 billion in cuts to nondefense programs, and $6 billion in additional military spending. It’s unclear what time the vote will occur, as both sides are working to secure an agreement to allow senators to finish before the midnight shutdown deadline and head home for a weeklong recess.

Schumer claims he has no choice, saying that a shutdown would be a “gift” to the Trump administration, and “the best distraction he could ask for from his awful agenda.”

“It is deeply partisan. It doesn’t address far too many of this country’s needs. But I believe allowing Donald Trump to take even much more power via a government shutdown is a far worse option,” he said Thursday on the Senate floor.

On Thursday night, Schumer went on MSNBC to pretend he was outraged, but just had to pass the bill (and call Republicans ‘bastards.’)

🚨DESPERATE CHUCK SCHUMER CALLS REPUBLICANS "BASTARDS"🚨

"It's much, much better not to be in the middle of a shutdown, which would divert people from the number one issue we have against these bastards!"

"They're ruining democracy!" pic.twitter.com/9i90rfOv9z
— Townhall.com (@townhallcom) March 14, 2025

“It’s much, much better not to be in the middle of a shutdown, which should divert people from the number one issue we have against these bastards, sorry, these people, which is not only all these cuts, but they’re ruining democracy,” he said.

President Trump congratulated Schumer, posting to Truth Social:

Congratulations to Chuck Schumer for doing the right thing — Took “guts” and courage! The big Tax Cuts, L.A. fire fix, Debt Ceiling Bill, and so much more, is coming. We should all work together on that very dangerous situation. A non pass would be a Country destroyer, approval will lead us to new heights. Again, really good and smart move by Senator Schumer. This could lead to something big for the USA, a whole new direction and beginning! DJT

Democrats In Disarray

House Democrats huddled at their annual strategy retreat in Northern Virginia on Thursday, where they bombarded their Senate colleagues with calls and texts urging them to nuke the GOP bill.

That said, Democrats didn’t have the cards…

Let’s be blunt here: Democrats picked a fight they couldn’t win and caved without getting anything in return. –Punchbowl

House Democrats also oppose the spending cuts contained in the GOP bill, warning that they will erode critical public services (grifts), and that fact that the GOP bill excludes specific language to limit what Elon Musk and DOGE can do as the Trump administration continues to slash federal agencies and programs unchecked by Congress, The Hill reports.

But Schumer rejected their demands.

Rep. Alexandria Ocasio-Cortez (a performance artist herself) led the charge against Senate Democrats, after House Democrats united against the GOP bill in the lower chamber.

“There is a deep sense of outrage and betrayal,” said AOC. “And this is not just about progressive Democrats, This is across the board — the entire party.”

“Just to see Senate Democrats even consider acquiescing Elon Musk — I think it is a huge slap in the face,” she continued.

“It’s an awful decision,” said Rep. Joseph Morelle (D-NY). “People are angry. We were almost to a person in unison [on the House vote]. … And a significant percentage of their caucus is voting to allow the Republicans to do whatever they want to do.”

KING NEWS

The King Report March 14, 2025 Issue 7450

Independent View of the News

@AFP: US President Donald Trump on Thursday threatened to impose 200 percent tariffs on wine, champagne and other alcoholic beverages from European Union countries, in retaliation against the bloc’s planned levies on US-produced whiskey.

Trump: “We’ve been ripped off for years and we’re not going to be ripped off anymore. I’m not going to bend at all!”  https://x.com/GuntherEagleman/status/1900229328664777073

February PPI 0.0 m/m & 3.2% y/y, 0.3% m/m & 3.3% y/y expected; Core PPI -0.1% m/m & 3.4% y/y, 0.3% m/m & 3.5% y/y consensus.

US Initial Jobless Claims fell to 220k from 222k, 225k expected. Continuing Claims fell to 1.87m from 1.897m; 1.888 was consensus. Federal workers file jobless claims separately.

@LizAnnSonders: This is important: federal workers file separately … here are the claims numbers for those: https://x.com/LizAnnSonders/status/1900184858275832229

Kremlin aide dismisses U.S.-Ukraine ceasefire proposal as Putin visits front line
Russia’s Putin urged his soldiers to secure a quick victory in Kursk, where Kremlin forces recaptured the largest settlement previously occupied by Ukrainian forces.
https://www.nbcnews.com/news/world/russia-putin-ukraine-zelenskyy-kursk-trump-witkoff-peace-nato-europe-rcna196175

Trump White House has asked U.S. military to develop options for the Panama Canal, officials say
https://www.nbcnews.com/politics/national-security/trump-white-house-asked-us-military-develop-options-panama-canal-offic-rcna195994

On Thursday, once again, stocks sank early in US trading. Fangs led the decline after they had a robust 2-session Dead Cat Bounce. Bonds rallied only modestly in early trading despite the recession angst and apparent defensive asset allocation. USHs rallied sharply in the afternoon. Nevertheless, the global bond bear market is weighing on US bonds.

ESHs traded moderately lower on the Nikkei’s opening on Thursday. They immediately rallied to the daily high of 5623.00 (from 5595.50 opening) at 20:06 ET on trader expectations of rebound. Alas, real sellers continue to unload. ESHs sank to 5559.25 at 4:16 ET. Traders aggressively bought the opening tumble in Europe. ESHs soared to 5609.75 at 6:29 ET. Sellers returned; ESHs commenced a jagged 5-wave decline that took ESHs to 5537.75 at 11:41 ET.

ESHs then spiked higher when Putin said, ‘we agree to stop fighting in Ukraine; but it should lead to long-standing peace, must eliminate the root causes of the conflict.’ (NATO membership)
    Putin thanked Trump for his attention to the Ukraine-Russia conflict and said the return of Western companies could be beneficial for everyone. Putin’s other comments at link.
Putin also said a US-Russia agreement on energy, a gas pipeline to Europe could be built.
https://www.forexlive.com/news/putin-would-agree-to-stop-fighting-in-ukraine-but-should-lead-to-long-standing-peacet-20250313/

After hitting 5564.50 at 11:44 ET, ESHs rolled over and hit a new low of 5535.35 at noon ET. The Russia-Ukraine conflict is NOT a major factor for US markets. Recession/tariffs fears and the Fed on hold are the major factors.

A Noon Balloon lifted ESHs to 5558.75 at 12:40 ET. ESHs then tumbled to a daily low of 5509.25 at 13:49 ET. Front running for the expected late manipulation forced ESHs to 5559.00 at 15:02 ET. Sellers returned; ESHs sank to 5514.00 at ET. The illegal late manipulation pushed ESHs to 533.00 at 16:00 ET.

Precious metals, led by gold, soared early on Thursday. Bitcoin and cryptos declined sharply. In retrospect, the peak for cryptocurrencies occurred on the apparent unwind of a massive long gold/short Bitcoin position. For several weeks, gold got hammered while Bitcoin and cryptocurrencies soared. Once the unwind ended, the cryptocurrency bubble burst; gold hit an all-time high on Thursday.

@NorthstarCharts: Bitcoin has erased all the gains it’s made against gold since February 2021…

@FerroTV: WTI crude oil is down for 8 consecutive weeks (longest streak since 2015), and it hardly ever comes up in market/eco conversations.

Positive aspects of previous session
A Ukraine-Russia peace plan is materializing.
The illegal late ESH manipulation appeared.

Negative aspects of previous session
The Nasdaq 100 has declined more than 1% intraday for 16 consecutive sessions per @bespokeinvest
Stocks declined sharply in the early going again. Fangs led the decline.
Precious metals rallied smartly again. Physical Gold ($2989.98) and gold futures hit all-time highs.

Ambiguous aspects of previous session
When will US stocks hit a short-term bottom?
USHs were +21/32 at the NYSE close on defensive asset allocation.

First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5541.32
Previous session S&P 500 Index High/Low: 5597.78; 5504.65

GOP @RepAndyHarrisMD: “A shutdown harms the economy. A shutdown causes costs to spike.”
Those are the words of Chuck Schumer… https://t.co/0KqlJuWAvd

Chuckie Schumer regularly inveighed against government shutdowns when he was Senate majority leader and was forcing Team Obama-Biden’s agenda on Republicans.

@RapidResponse47: @SenWarren (2013): “The least we can do — the bare minimum that we can do — would be to pass a continuing resolution to keep the doors open and the lights on.”  Threatening a shutdown, she says, is a “last resort for those who can’t win their fights through elections” and “can’t win their fights for the presidency.”  https://x.com/RapidResponse47/status/1900255771046072571

@RapidResponse47: Here’s Dem @SenTimKaine in 2023 reading letters from his constituents describing the effects of a government shutdown: delayed military training, lost veterans’ services, closed parks.
https://x.com/RapidResponse47/status/1900203652515549298

White House video rips Senate Dems with their own words for ‘hypocrisy’ over looming shutdown
https://www.foxnews.com/politics/white-house-video-rips-senate-dems-own-words-hypocrisy-over-looming-shutdown

@jimiuorio: A government “shutdown” means some discretionary non-defense spending is stopped …amounts to approximately 16% of the federal government…then add in state, county, municipal gov and it means that a total of about 2% of total government gets shutdown…sleep easy…we’ll be fine.

Senator John Fetterman (D-PA) is voting for the GOP spending resolution – Punchbowl
“I refuse to shut the government down.” (Undercuts Chuckie Schumer)

CNN’s @sarahnferris: Big news in Senate — Schumer privately told Democrats during today’s lunch that he will be a YES on cloture – an indication that enough Dems will provide votes to advance GOP funding bill and avoid shutdown Friday at midnight. (The GOP/DJT called Chuckie’s bluff and won!)

Obama briefing memos, sensitive foreign conversations forwarded to Biden private email, memos show – Experts say new tranche of emails released by National Archives show U.S. information put at security risk. https://justthenews.com/accountability/political-ethics/biden-pseudonym-emails-put-sensitive-information-risk-hackers

Trump ICE unleashes on Biden admin after arrests surpass all 2024 data: ‘Cooking the books’
https://www.foxnews.com/politics/trump-ice-unleashes-biden-admin-arrests-surpass-2024-data-cooking-books

NYT: Justice Dept. Opens Investigation into Migrant Shelters in New York
https://archive.ph/pPsLE#selection-719.0-719.67

Fed Balance Sheet: +$2.807B; Reserves: +$87.61B

Why are US tariffs so terrifying when since WWII other countries’ tariffs have not had a detrimental effect on those countries and global trade? Because leftist historians, pundits, and the media needed to blame Smoot Hawley tariffs for the Great Depression, instead of FDR’s pernicious policies.

FDR went massively socialist and fascist; corporate American went inert. The Great Recession appeared. There are numerous books they cogently explain this. But they are ignored for the obvious reasons. See: “FDR’s Folly,” “The Roosevelt Myth,” “Fear Itself: The New Deal and the Origins of Our Time,” “False Dawn,” and “Salvos Against The New Deal”

Trump administration toughens sanctions on Russian oil, gas and banking sectors 16:29 ET
https://www.cbsnews.com/news/trump-administration-sanctions-russian-oil-gas-banking-sectors/

Today – Stocks inability to rally after days of substantial declines is a huge negative. When stocks remain overbought or oversold for longer-than-usual periods of time, it indicates a strong trend is in progress. Still, traders will play for the Friday (afternoon) rally, especially if stocks are down early.

The S&P 500 low on Friday is 5504.65. 5500 should be strong support because there was a lot of activity at as well as above/below this level from June 2024 until the index broke out in September 2024.

Expected economic data: March UM Sentiment 63, Current Conditions 64.8, Expectations 63, 1-year Inflation 4.2%, 5-10-year Inflation 3.4%

ESHs are +26.50; NQHs are +113.25 (Friday Rally & Schumer cave); and USHs are -1/32 at 20:05 ET.

S&P Index 50-day MA: 5948; 100-day MA: 5944; 150-day MA: 5836; 200-day MA: 5739
DJIA 50-day MA: 43,504; 100-day MA: 43,504; 150-day MA: 42,783; 200-day MA: 41,947
(Green is positive slope; Red is negative slope)

S&P 500 Index (5599.30 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 and MACD are negative – a close above 6107.43 triggers a buy signal
Daily: Trender and MACD are negative – a close above 5763.89 triggers a buy signal
Hourly: Trender and MACD are negative – a close above 5587.34 triggers a buy signal

@GuntherEagleman: Treasury Secretary Scott Bessent SLAMMED the Democrats over their plan to shut down the government: “What’s not good for this economy is this government shutdown. I don’t know what Democrats are thinking here because they’re going to own it.” “The Democrats are in disarray; they’re flailing, and this is the best they can do. If they want to take us into a shutdown, they’re going to own it!”  https://x.com/GuntherEagleman/status/1900193087516770525

@EndWokeness: About 50 House Democrats just posted the same exact talking points, word for word
https://x.com/EndWokeness/status/1900057190544638162
    @elonmusk: You can see the ridiculous political puppet show for what it really is. They are just actors reading a script.

The History of Impoundments Before the Impoundment Control Act of 1974
Since the Founding, Congress’s power of the purse has been understood to establish a ceiling on Executive spending, not a floor, and certainly not an authority for Congress to compel the President to expend the full amount of an appropriation. This understanding stems from the nature of the appropriations power and the Executive’s independent authority. It dates to the struggles between the English King and Parliament and is reflected in the Appropriations Clause of the U.S. Constitution. Until the Presidency of Richard Nixon, it was overwhelmingly understood that the power of the purse restricted only the President’s ability to spend more than an appropriation—it was not understood to prohibit the President from spending less than an appropriation. And the President’s ability to spend less than an appropriation has been met with approbation, not censure, by congresses throughout the Nation’s history… https://americarenewing.com/the-history-of-impoundments-before-the-impoundment-control-act-of-1974/

Trump Has Launched a Necessary Fight Over the President’s Spending Discretion
But in response to Richard Nixon’s resignation over the Watergate scandals, Congress enacted a series of framework statutes that unbalanced the separation of powers in its favor. Even though Nixon had wielded presidential power in the same manner as his immediate predecessors, a heavily Democratic Congress used the convenient excuse of Watergate to place constraints on the energetic executive. To stop presidential uses of force, Congress enacted a War Powers Resolution under which any war not sanctioned by Congress would have to end after 60 days. Congress terminated all national emergencies and required presidents to use a new National Emergencies Act and International Emergency Economic Powers Act. To keep an eye on cabinet members, Congress created independent inspectors general within each agency to report back to the legislature on claims of fraud, waste, or abuse. The cherry on top was the independent counsel statute, which enabled the Justice Department to use its awesome power of prosecution against the president, White House officials, and the cabinet…
https://www.nationalreview.com/2025/02/trump-has-launched-a-necessary-fight-over-the-presidents-spending-discretion/

@DefiantWorld: Trump: “No not you, CNN is fake news don’t talk to me.” https://t.co/SXG7zxbw6X

@nicksortor: Dem Rep. Maxine Waters just DOUBLED DOWN on her violent rhetoric, even after the death threats against Trump, Elon Musk, attacks on Tesla showrooms, and MULTIPLE swatting incidents on conservatives. RADICAL LEFTISTS ARE ENCOURAGING THIS VIOLENCE. They KNOW what they’re doing. “I believe [Trump] expects violence. I believe he expects confrontation. I believe he’s working toward a civil war.”  These people are EVIL. https://x.com/nicksortor/status/1900286935710716182

House Dem goes on screaming rant against Elon Musk, DOGE: ‘Shame!’ – Connecticut Democratic Rep. John Larson melts down over Elon Musk and DOGE before House Ways and Means Committee
https://www.foxnews.com/politics/house-dem-goes-screaming-rant-against-elon-musk-doge-shame

Apparently, Dems strategy is to make unhinged rantings and spew lunacy.

When Team Obama-Biden fired government workers and soldiers for refusing to take the toxic Covid Vax, Dems and their media stooges endorsed the decision. However, firing unnecessary government workers and cutting wasteful spending is a ‘threat to democracy.’

@KanekoaTheGreat: Ned Ryun: “DOGE is over the target. Elon and DOGE have uncovered that a lot of what’s taking place inside of our government is a slush fund money laundering operation for the left. Not only to fund their allies and pet projects but to fund anti-American behavior.”

@KanekoaTheGreat: Rep. James Comer reveals that banks submitted hundreds of Suspicious Activity Reports on ActBlue to the Treasury Department. “The way ActBlue set up their accounts, it would be really easy to launder money through fake credit cards and fake names.” https://t.co/ei0HDQU5WW

Sen. Fetterman urges Democrats to talk like ‘regular’ people instead of ranting about ‘oligarchs’
“There’s also another little secret, too. Democrats, we like billionaires if they’re giving to our causes or to our party as well,” he continued before Ruhle pushed back…
https://nypost.com/2025/03/12/us-news/fetterman-urges-democrats-to-talk-like-regular-people-instead-of-ranting-about-oligarchs/

Remember When the Obama Administration Pressured Baker Hostetler to Drop Its Representation in House of Representatives v. Burwell?
    For the past two decades or so, conservatives have been systematically excluded from big law. Paul Clement was pushed out of two big law firms for his representation of conservative causes…
     I have little doubt that the Obama administration called clients of Baker Hostetler, and told them it would be bad for this lawsuit to proceed. Surprise, surprise, those clients told Baker Hostetler to drop the case. In Murthy v. Missouri, the Court wanted to bury its head in the sand based on standing, but the evidence of “jawboning” was palpable. It seems there is only outrage when conservatives do these sorts of things. Trump, to his credit, made his actions public and provided reasoning. The public, and the judiciary, can then assess the validity of these actions.  https://reason.com/volokh/2025/03/13/remember-when-the-obama-administration-pressured-baker-hostetler-to-drop-its-representation-in-house-of-representatives-v-burwell/

@nicksortor: A federal judge in DC has just ordered the RELEASE of two Venezuelan illegals who were arrested by ICE for illegally crossing the southern border. This is INSANE! Activist judges are now PREVENTING the President from enforcing laws…

Biden-appointed Judge rules Trump improperly fired head of national labor board
U.S. District Judge Sparkle Sooknanan rejected the White House’s argument that removal protections are unconstitutional, stating that Supreme Court verdicts in the past have proved otherwise.
https://justthenews.com/government/courts-law/judge-rules-trump-improperly-fired-head-national-labor-board

JD Vance scolds CBS for ‘harassing’ his mother-in-law over DEI differences ‘in order to attack’ Trump https://t.co/dqF5E0rs7O

@Jerusalem_Post: The sister of conservative US Supreme Court Justice Amy Coney Barrett was the target of a bomb threat, which also called for ‘Free Palestine!’ at her home in Charleston, South Carolina, earlier this month, local police said on Wednesday.

@charliekirk11: It’s not widely known, but over HALF of Columba University’s enrollment is now foreign students. Some of them are people like Mahmoud Khalil, who spent all his time agitating in support of Hamas terrorists. But if you dig deeper, the true story is even more appalling: Columbia is using the prestige of its elite undergraduate school to bring in thousands of mediocre foreigners who want a Columbia degree in computer science, engineering, or a similar field. Columbia admits them because they pay full-freight tuition, boosting their bottom line while glutting the American job market and lowering wages for STEM workers.

@realchrisrufo: Columbia professor Jennifer Manly marched with pro-Hamas encampment leaders and, according to public records, has been a recipient of $100 million in taxpayer funding for CRT-style research, which claims that racism causes Alzheimer’s in black people…
    This is pure critical race theory, not scientific research. American taxpayers should not be sending millions to support radical activists who push bad research. The new NIH should take note: no more racialist pseudoscience… https://x.com/realchrisrufo/status/1900251697358033361

Oregon mental health advisory board includes member who identifies as a turtle https://t.co/d9rIRrEB1d

@libsoftiktok: TikToker calls for someone to assassinate Trump, says she’s not available to do it because she’s a dance teacher. (Social media teems with videos like this!)
https://x.com/libsoftiktok/status/1900206883727634723

@seanmdav: We’ve known for decades that Democrats keep voting even after they’ve died. Now we know they tweet from the grave as well, as this guy’s staff just kept posting in his name hours after he died.
    @RepRaulGrijalva: President Trump’s latest reckless decision to fire thousands of employees at the Department of Education jeopardizes critical student aid programs, weakens protections for students’ civil rights, and undermines essential support for students with disabilities. This move severely threatens every child’s access to a quality education nationwide… 3:16 PM · Mar 13, 2025

Michelle Obama’s New Podcast Flops, Gets Brutal Ratings
After 15 hours on streaming platforms, the “imo” show’s first three episodes didn’t manage to clear 20,000 views on YouTube…
https://trendingpoliticsnews.com/just-in-michelle-obamas-new-podcast-flops-gets-brutal-ratings-mstef/

@JesseBWatters: Michelle is SPILLING the family secrets. @MichelleObama is telling America how Barry gets on her nerves, how he doesn’t get people, and it turns out Michelle wasn’t the only one who had problems with @BarackObama when he was in office… https://t.co/ZwmVpkcSPF

Illinois Dem lawmaker pushes bill to legalize attacks on police for people having mental health episode https://www.foxnews.com/politics/illinois-dem-lawmaker-pushes-bill-legalize-attacks-police-people-having-mental-health-episode

Babylon Bee: Man Thoughtfully Responds to Wife’s Nine-Paragraph Text About Her Day With a Thumbs-Up Emoji https://t.co/UAkpXaYhrA

GREG HUNTER