GOLD CLOSED UP $0.40 TO $3032.95

SILVER CLOSED DOWN $0.45 TO $33.56

 GOLD ACCESS CLOSED 3045.50

Silver ACCESS CLOSED: $33.77

Bitcoin morning price:$83,956 UP 1451 DOLLARS.

Bitcoin: afternoon price: $85,634 UP 3149 DOLLARS

Platinum price closing DOWN $7.35 TO $996.60

Palladium price; DOWN $8.85 TO $959.95

END

*CANADIAN GOLD: $4361.64 UP 26.52 CDN dollars per oz( * NEW ALL TIME HIGH 4361.64- CDN DOLLARS PER OZ//MARCH 19 2025)

*BRITISH GOLD: 2343.17 UP 11/31 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,343.17 BRITISH POUNDS/OZ) MARCH 19/2025

*EURO GOLD: 2,794.57 UP 23.21 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: 3,035.100000000 USD
INTENT DATE: 03/18/2025 DELIVERY DATE: 03/20/2025
FIRM ORG FIRM NAME ISSUED STOPPED

---

118 H MACQUARIE FUT 20
132 C SG AMERICAS 8
323 C HSBC 67
363 H WELLS FARGO SEC 78
435 H SCOTIA CAPITAL 4
624 H BOFA SECURITIES 19
657 H MORGAN STANLEY 13
661 C JP MORGAN 9
686 C STONEX FINANCIA 73 22
709 C BARCLAYS 1
737 C ADVANTAGE 1 1
905 C ADM 8

---

TOTAL: 162 162
MONTH TO DAT

JPMORGAN stopped 9/162 contracts

GOLD: NUMBER OF NOTICES FILED FOR MARCH/2024. CONTRACT: 162 NOTICES FOR 16,200 OZ  0.5038 TONNES

total notices so far: 17,568 contracts for 1,756,800 Oz (54.643 tonnes)

FOR MARCH

XXXXXXXXXXXXXXXXXX

SILVER NOTICES: 319 NOTICE(S) FILED FOR 1.595 MILLION OZ/

total number of notices filed so far this month : 17,539 for 73.695 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 $0.45 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD:

NO CHANGES IN GOLD INVENTORY AT THE GLD:

INVENTORY RESTS AT 907.27 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN $.45 AT THE SLV: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.219 MILLION OZ OUT OF THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 444.054 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A MEGA HUMONGOUS SIZED 3466 CONTRACTS TO 176,715 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR GAIN OF $0,21 IN SILVER PRICING AT THE COMEX WITH RESPECT TO TUESDAY’S TRADING. WE HAD A MEGA HUMONGOUS GAIN OF 4336 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE//TUESDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON TUESDAY 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 TO ABOVE $34.40 AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY FAILED ON TUESDAY WITH SILVER’S GAIN IN PRICE.  WE HAD A HUGE T.A.S. LIQUIDATION TUESDAY. BUT THIS WAS COUPLED WITH ANOTHER STRONG T.A.S. ISSUANCE OF 530 CONTRACTS ISSUED BY THE CME AND THAT SIGNALS DEEP CODE RED THAT THE CROOKS ARE DESPERATE TO STOP SILVER BREAKING OVER THE 34.40 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 57 CENTS AND A LEASE RATE OF 7.3%. WE HAD A HUGE 860 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR FSTRONG 530 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 HUMONGOUS 4226 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE. WE HAD CONSIDERABLE TAS LIQUIDATION THROUGHOUT TUESDAY’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 $34.00 . THE KEY PRICE TO WATCH IS $34.40. IF IT BREAKS THAT PRICE, THEN WE HEAD FOR $50.00 SILVER.

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON TUESDAY NIGHT/WEDNESDAY MORNING: A STRONG 530 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  $0.21 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 4326 CONTRACTS WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS TRYING TO CONTAIN SILVER’S PRICE RISE AND THAT ACCOUNTS FOR 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 STRONG 860 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 0.025 MILLION OZ QUEUE JUMP TO WHICH WE ADD .350 EXCHANGE FOR RISK

INITIAL STANDING FOR MARCH ADVANCES TO 80.370 MILLION OZ (CME CORRECTED)

WE HAD:

/ HUMONGOUS COMEX OI GAIN+// A STRONG SIZED  EFP ISSUANCE/ VI)   STRONG SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 530 CONTRACTS)/A 70 CONTRACT EX. FOR RISK FOR 350,000 OZ/SECOND WEEK OF MARCH

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 192 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 12 DAYS, total 8604 contracts:   OR 43.020 MILLION OZ  (717 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  43.020 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: 43.020 MILLION OZ///

XXXXXXXXXXXXXXXXXXXXXXXXXXXX

RESULT: WE HAD A MEGA HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3455 CONTRACTS WITH OUR GAIN IN PRICE OF 21 CENTS IN SILVER PRICING AT THE COMEX// MONDAY.,.  THE CME NOTIFIED US THAT WE HAD A STRONG 860 CONTRACT EFP ISSUANCE  CONTRACTS: 860 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 0.025 MILLION OZ QUEUE JUMP//NEW STANDING ADVANCES TO 80.020 MILLION OZ + .350 EX. FOR RISK//NEW TOTAL 80.370 MILLION OZ.

WE HAVE 1). A MEGA HUMONGOUS SIZED GAIN OF 4326 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR SMALL GAIN IN  PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG 530 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//CONSIDERABLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE TUESDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON TUESDAY 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 MONDAY NIGHT   (309 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND MOST LIKELY TODAY.

WE HAD  319 NOTICE(S) FILED TODAY FOR 1.595 million OZ

THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 2939 OI CONTRACTS  TO 534,150 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 2357 CONTRACTS//

WE HAD A FAIR SIZED INCREASE  IN COMEX OI (2939 CONTRACTS) OCCURRED WITH OUR GAIN OF $34.05 IN PRICE TUESDAY. 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 STRONG 30,900 OZ QUEUE JUMP (0.9611 TONNES), ////NEW STANDING ADVANCES TO 57.278 TONNES + .4655 TONNES EX FOR RISK/PRIOR = 57.7445 TONNES

/NEW STANDING FOR MARCH; 57.278 TONNES + .4655 TONNES EX FOR RISK/PRIOR = 57.278 TONNES.

/ ALL OF THIS HAPPENED WITH OUR $34.05 GAIN IN PRICE  WITH RESPECT TO TUESDAY’S COMEX ///. WE HAD A GOOD SIZED GAIN OF 4619 OI CONTRACTS (14.36 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK. THE HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE LAST WEEK, AND THROUGHOUT THE WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! THE RESULT: A MASSIVE AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE FRONT MARCH CONTRACT MONTH. CENTRAL BANKERS ARE NOW WAITING PATIENTLY FOR THEIR DELIVERY OF GOLD VIA SLOW MOVING SHIPS.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1680 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 534,150

IN ESSENCE WE HAVE A GOOD SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 4619 CONTRACTS  WITH 2939 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1680 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 4619 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A GOOD SIZED AND CRIMINAL 2012 CONTRACTS ISSUED.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1680 CONTRACTS) ACCOMPANYING THE FAIR SIZED INCREASE IN COMEX OI OF 2939 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 4619 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 0.9611 TONNES QUEUE JUMP. TO WHICH WE MUST ADD OUR NEW .4655 TONNES OF EX FOR RISK/PRIOR

//NEW STANDING ADVANCES TO 57.278 TONNES + .4655 TONNES EX FOR RISK = 57.7414 TONNES 

//NEW STANDING MARCH: 57.7414 TONNES

.

 / 3) HUGE T.A.S. LIQUIDATION TRYING TO LOWER GOLD’S PRICE TUESDAY WITH ZERO SUCCESS IN REMOVING ANY NET SPECULATOR LONGS, AS WE HAD 1)  $34.05 PRICE GAIN AND WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A GOOD GAIN OF 4619 CONTRACTS ON OUR TWO EXCHANGES ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY 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 TUESDAY.

  4) FAIR SIZED COMEX OPEN INTEREST INCREASE 5)  FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///GOOD T.A.S.  ISSUANCE: 2012 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: 25,313 CONTRACTS OF 2,531,300 OZ OR 78.73 TONNES IN 12 TRADING DAY(S) AND THUS AVERAGING: 2109 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 12 TRADING DAY(S) IN  TONNES  78.73 TONNES

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

THUS EFP TRANSFERS REPRESENTS  78.73 DIVIDED BY 3550 x 100% TONNES = 2.22% 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 78.73 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 3466 CONTRACTS OI  TO 176,715 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 860 CONTRACTS

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

MAY 860 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 860 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 3466 CONTRACTS AND ADD TO THE 860 E.FP. ISSUED

WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 4326  CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 21.630 MILLION OZ OCCURRED DESPITE OUR SMALL $0.21 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  WEDNESDAY MORNING//TUESDAY  NIGHT

SHANGHAI CLOSED UP 3.63 PTS OR 0.11%

//Hang Seng CLOSED UP 595.00 PTS OR 2.40%

// Nikkei CLOSED UP 448.90 OR 1.20%//Australia’s all ordinaries CLOSED UP 0.10%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.2312 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2266/ Oil UP TO 68.31 dollars per barrel for WTI and BRENT UP TO 71.83 Stocks in Europe OPENED ALL GREEN

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

STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

END

END

END

END

ASIA TRADING WEDNESDAY MORNING/TUESDAY  NIGHT

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 2939 CONTRACTS TO 534,150 DESPITE OUR VERY STRONG GAIN IN PRICE OF $34.05 WITH RESPECT TO TUESDAY’S TRADING/. WE LOST ZERO NET LONGS WITH THAT PRICE GAIN FOR GOLD. BUT AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1680 ).

THE CME ANNOUNCED TUESDAY NIGHT, 0 EXCHANGE FOR RISK CONTRACTS FOR NIL OZ OR NIL TONNES. LAST THURSDAY WAS THE FIRST ISSUANCE FOR MARCH FOR .4665 TONNES

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:

1. THE BANK OF ENGLAND
2. THE FEDERAL RESERVE BANK OF NEW YORK

THE COUNTERPARTY TO THE BANK OF ENGLAND’S EXCHANGE FOR RISK ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED AND THUS THE BUYER, THE CENTRAL BANK OF ENGLAND, ASSUMES THE RISK OF THAT DELIVERY.

THUS IN TOTAL WE HAD A GOOD SIZED GAIN ON OUR TWO EXCHANGES OF 4619 CONTRACTS WITH OUR GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON TUESDAY 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// THROUGHOUT THE WEEK. THEY ISSUED LAST NIGHT A GOOD SIZED 2012 CONTRACT THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS 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 TUESDAY.

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 FRIDAY’S 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 SEVERAL WEEKS IS SURELY DISTORTING COMEX OPEN INTEREST BUT THAT DOES NOT STOP LONDON’S ACCUMULATION OF PHYSICAL! YOU CAN ALSO VISUALIZE THAT PERFECTLY WITH THE HUGE AMOUNTS OF QUEUE JUMPING ORCHESTRATED BY CENTRAL BANKERS BOLTING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR THE PLANET LOOKING FOR GOLD. 

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS A FAIR SIZED 1680 EFP CONTRACTS WERE ISSUED: :  /APRIL  1680 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1680 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A GOOD SIZED TOTAL OF 4619 CONTRACTS IN THAT 1680 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR GAIN OF 2939 COMEX  CONTRACTS..AND THIS GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR VERY STRONG GAIN IN PRICE OF $34.05 FOR TUESDAY/ 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 TUESDAY NIGHT/WEDNESDAY MORNING WAS A GOOD SIZED 2012 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 LAST 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 ,THIS MONTH, WE HAD+ ANOTHER 5 DAY MEGA ISSUANCE BUT CORRESPONDING MEGA RAIDS FAILED TO MATERIALIZE. I WOULD LIKE TO POINT OUT THAT LAST WEDNESDAY’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:

1. STALLS THE ADVANCE IN PRICE
2. 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+ ISSUANCES.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

STANDING FOR GOLD FOR THE PAST 4 PLUS YEARS:

// WE HAD A HUGE AMOUNT OF GOLD TONNAGE STANDING:   MARCH (57.7445 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 : 57.278 TONNES + .4665 TONNES EX FOR RISK = 57.7445 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: 57.7445 TONNES (INCLUDES .4665 TONNES EX FOR RISK)

COMEX GOLD TRADING/MARCH CONTRACT MONTH

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $34.05/)/AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A GOOD SIZED GAIN IN OUR TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD HUGE T.A.S. SPREADER LIQUIDATION TUESDAY AS THEY WERE TRYING TO QUELL GOLD’S ATTEMPT AT $3,000 AND STOP HUGE COMEX/OTC DERIVATIVE LOSSES FROM ALSO RISING AND THEY FAILED MISERABLY AS GOLD IS NOW WELL ABOVE THE $3,000 THRESHOLD!!.

LAST NIGHT/WEDNESDAY 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 TUESDAY EVENING/WEDNESDAY 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) THIS PAST MONTH.

EXCHANGE FOR RISK EXPLANATION/DECEMBER THROUGH MARCH TRADING

DECEMBER MONTH EXCHANGE FOR RISK!

3 AND 1/2 MONTHS 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 25,000 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 IN MARCH 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: 57.278 TONNES + .46556 TONNES EX FOR RISK = 57.7445 TONNES

WE HAVE GAINED A HUGE SIZED TOTAL OF 14.36 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 HUGE QUEUE JUMP OF 30,900 OZ OR 0.9611 TONNES: NEW TOTAL STANDING 57.278 TONNES TO WHICH WE ADD OUR .4665 TONNES OF EXCHANGE FOR RISK//NEW TOTAL: 57.7445 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR VERY STRONG GAIN IN PRICE TO THE TUNE OF $34.05

WE HAD 2359 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 4619 CONTRACTS OR 461,900 0Z (14.36 TONNES)

confirmed volumeTUESDAY 213,118 contracts: fair///

//speculators have left the gold arena

END

MARCH

// THE MARCH 2025 GOLD CONTRACT

MARCH 19

INITIAL

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	0 ENTRIES nil           .
Deposit to the Dealer Inventory in oz	2 entries: dealer deposits: 2 i) Into Brinks dealer: 3182.949 oz (99 kilobars) II) Into manfra 6462.35 oz (201 kilobars) TOTAL DEALER DEPOSIT: 9645.300 oz .300 tonnes// 300 kilobars dealer weight 0.300 tonnes
Deposits to the Customer Inventory, in oz	we have 4 customer deposits: i) Into Brinks : 54,753.181 oz (1703 kilobars) ii) Into ASAHI: 2020.406 oz (996 kilobars) iii) Into JPMorgan: 64,302.000 oz (2000 kilobars) iii) Into JPMorgan enhanced: 162,097.85 oz (405 London good delivery bars) total weight customer 313,173.417 oz or 9.740 tonnes (9740 kilobars) total weight dealer and customer; 10.04 tonnes
No of oz served (contracts) today	162 notice(s) 16200 OZ 0.5038 TONNES
No of oz to be served (notices)	847 contracts    84700 OZ 2.634 TONNES
Total monthly oz gold served (contracts) so far this month	17,568 notices 1,756,800 oz 54.643 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: 2

i) Into Brinks dealer: 3182.949 oz (99 kilobars)

II) Into manfra 6462.35 oz (201 kilobars)

TOTAL DEALER DEPOSIT: 9645.300 oz

.300 tonnes// 300 kilobars.

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we have 4 customer deposits:

i) Into Brinks : 54,753.181 oz (1703 kilobars)

ii) Into ASAHI: 2020.406 oz (996 kilobars)

iii) Into JPMorgan: 64,302.000 oz (2000 kilobars)

iii) Into JPMorgan enhanced: 162,097.85 oz (405 London good delivery bars)

total weight customer 313,173.417 oz or 9.740 tonnes (9740 kilobars)

total weight dealer and customer; 10.04 tonnes

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withdrawals: 0

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adjustments: customer to dealer:

i)Brinks 412,240.130 oz

customer and out of JPMorgan enhance: 401.601 oz or 1 London good delivery bare

AMOUNT OF GOLD STANDING FOR MARCH

THE FRONT MONTH OF MARCH HAD A GAIN OF 92 CONTRACTS TO STAND AT 1009. WE HAD 217 CONTRACTS SERVED ON TUESDAY SO WE GAINED A HUGE 309 CONTRACTS FOR 30,900 OZ (.9611 TONNES AS A PHYSICAL GOLD QUEUE JUMP. THIS IS CENTRAL BANKS LOOKING FOR BADLY NEEDED GOLD

APRIL HAD A LOSS OF 4224 CONTRACTS DOWN TO 253,152 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 161 CONTRACTS UP TO 1162.

We had 162 contracts filed for today representing 16,200oz  

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 162 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 9 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 (17,568 X 100 oz ) to which we add the difference between the open interest for the front month of  MARCH (1009 CONTRACTS)  minus the number of notices served upon today  (162 x 100 oz per contract) equals  1,841,500 OZ  OR 57.278 TONNES to which we add our .4665 tonnes exchange for risk//new total tonnage standing: 57.7445 tonnes

thus the INITIAL standings for gold for the MARCH contract month:  No of notices filed so far (17,568x 100 oz +we add the difference for front month of MARCH (1009 OI} minus the number of notices served upon today (162 x 100 oz) which equals  1,841,500 OZ OR 57.278 TONNES + .4665 ex for risk //new total 57.7445 tonnes

TOTAL COMEX GOLD STANDING FOR MARCH.: 57.7445 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: 1,989,576.208 oz 61.88 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 41,446,851.251 .oz  

TOTAL REGISTERED GOLD 20,771,364.580 or 646.07 tonnes

TOTAL OF ALL ELIGIBLE GOLD: 20,675,486.671 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 18,781,788oz (REG GOLD- PLEDGED GOLD)= 584.193 tonnes //

END

SILVER/COMEX

// THE MARCH 2025  SILVER CONTRACT//INITIAL

MARCH 18

INITIAL

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	2 entries i) Out of JPMorgan 10,007.800 oz ii) Oust of Loomis 50.857.340 oz total weight withdrawal 60,865.140 oz
Deposits to the Dealer Inventory	3 entries i) Into Ashai: 646,430.760 oz ii) Into Brinks dealer: 549,148.800 oz iii) Into Manfra dealer; 320,,981.989 oz total dealer withdrawals: 1,516,561.548 oz
Deposits to the Customer Inventory	3 entries i) Into Brinks customer acct 864,978.161 oz ii) Into HSBC 591,765.490 oz iii) Into JPMorgan 1,240,992.500 oz total weight: 2,697,736.151 oz
No of oz served today (contracts)	319 CONTRACT(S)    (1.595 MILLION OZ
No of oz to be served (notices)	1265 contracts  (6.325 MILLION oz)
Total monthly oz silver served (contracts)	14,739 Contracts  (73.695 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)  3 dealer  deposit/

3 entries

i) Into Ashai: 646,430.760 oz

ii) Into Brinks dealer: 549,148.800 oz

iii) Into Manfra dealer; 320,,981.989 oz

total dealer withdrawals: 1,516,561.548 oz

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deposits customer side

3 entries

3 entries




i) Into Brinks customer acct 864,978.161 oz
ii) Into HSBC 591,765.490 oz
iii) Into JPMorgan 1,240,992.500 oz

total weight: 2,697,736.151 oz

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withdrawals 1

1 entry

i) out of Delaware 57,261.192 oz

total weight withdrawal 57,261.192 oz

xxx

ADJUSTMENTs 2

customer to dealer:

a) Delaware 120,671.237 oz oz

ii) CNT 312,487.721 oz

iii) loomis 154,311.600 oz oz

JPMorgan has a total silver weight: 180.307million oz/453.064 oz million  or 39.73%

TOTAL REGISTERED SILVER: 153.467 MILLION OZ//.TOTAL REG + ELIGIBLE. 453.064Million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR MARCH

silver open interest data:

FRONT MONTH OF MARCH /2025 OI: 1584 OPEN INTEREST CONTRACTS FOR A LOSS OF 319 CONTRACTS.WE HAD 324 CONTRACTS SERVED ON TUESDAY SO WE GAINED 5 CONTRACTS OR 25,000 M OZ STANDING AS THEY UNDERWENT A SMALL 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 175 CONTRACTS TO STAND AT 2400

MAY SAW A GAIN OF 2323 CONTRACTS UP TO 129.382 CONTRACTS

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 319 or 1.595 MILLION oz

CONFIRMED volume; ON TUESDAY 66,278 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 14,739 X5,000 oz = 73.695 MILLION oz 

to which we add the difference between the open interest for the front month of MAR (1584) AND the number of notices served upon today (319 )x (5000 oz)

Thus the  standings for silver for the MARCH 2025 contract month:  (14,739) Notices served so far) x 5000 oz + OI for the front month of MAR(1584) minus number of notices served upon today (319)x 5000 oz equals silver standing for the MARCH contract month equating to 80.020 MILLION OZ TO WHICH WE ADD .350 MILLION OZ EX FOR RISK//NEW TOTAL 80.370 MILLION OZ// (CME CORRECTED)

 New total standing:  80.370 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 151.518million 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 19  WITH GOLD UP $0.45 TODAY// NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 907.27 TONNES

MARCH 18  WITH GOLD UP $34.05 TODAY// SMALL CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.86 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 907.27 TONNE

MARCH 17  WITH GOLD UP $34.05 TODAY// SMALL CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.64 TONNES TONNES OUT OF THE GLD ///INVENTORY RESTS AT 906.41 TONNES

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

GLD INVENTORY: 907.21 TONNES, TONIGHTS TOTAL

SILVER

MARCH 19 WITH SILVER DOWN $0.45 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.219 MILLION OZ INTO THE THE SLV. //INVENTORY AT SLV RESTS AT 444.054 MILLION

MARCH 18 WITH SILVER UP $0.21 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.823 MILLION OZ INTO THE THE SLV. //INVENTORY AT SLV RESTS AT 444.373 MILLION

MARCH 17 WITH SILVER UP $0.03 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.096 MILLION OZ INTO THE THE SLV. //INVENTORY AT SLV RESTS AT 439.550 MILLION

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

CLOSING INVENTORY 444.054 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

Alasdair Macleod..

The gold leasing scam is over

Large amounts of central bank gold have gone missing through leasing. It is rumoured that US reserves are involved, but the place to look for it is the New York Fed and the Bank of England.

Alasdair MacleodMar 19∙Paid

READ IN APP

Before 2002, analyst Frank Veneroso estimated that between a third and half of all central bank gold had been leased or swapped, sold into the market and lost. More recently, leasing centres such as the Bank of England transferred ownership from lessor to lessee by book entry transfer, the gold not normally leaving the vault. That changed with the recent panic, with lessees queuing up to take gold out of the Bank’s vault and ship it to New York.

This article is about the gold leasing trade, and why the sudden return to conditions before the book entry transfer system threatens a new liquidity crisis in spot markets.

Gold leasing before 2002

Following the abandonment of Bretton Woods in 1971, the US Treasury embarked on an anti-gold campaign. In the early days it was crude, consisting of anti-gold propaganda and very public auction sales into the market designed to kill investor appetite. The sales were swallowed up by eager buyers, so they were quickly stopped. We don’t know the extent of secret sales since then or if they even took place. The suspicion is that they did, and that the US Treasury’s stock of gold is considerably less than the 8,133-odd tonnes consistently reported for at least the last 25-years.

Subsequent to the early auctions, there was no need for these sales when the Treasury or its Exchange Stabilisation Fund could deal in the paper markets instead. Perhaps the Treasury has been content to misdirect everyone’s attention away from the real trouble stored up for the future, which is the topic of this article.

Because of its consequences, the more serious manipulation is the additional physical supply into markets from gold leasing. It is serious because paper manipulation is short-term, while extra supplies of physical bullion are a long-term commitment, storing up trouble for the future when the truth is eventually revealed.

The evidence of this extra supply is unequivocal. Over twenty years ago, analyst Frank Veneroso reported that

“We estimated from BIS data that the total amount of the gross gold derivatives of the bullion bankers, all 37 of them, has been somewhat more than 40,000 tonnes. That would suggest something like 10 to 16 thousand tonnes of gold have departed from the official sector as a result of official gold lending.”[i]

In his article, Veneroso went on to examine gold leasing/lending by central banks from a number of different angles and came to similar conclusions every time: that by 2002 between one third and one half of the reported 33,000 tonnes of central bank gold had gone AWOL.

Gold leasing had been going on for some time. Originally, a user of gold such as a jewellery business would lease a quantity of gold based on its estimate of demand for fabrication for a given period. It would then buy it forward so that at the end of the lease he could deliver it back to the lessor. This meant that the jeweller didn’t have to buy the gold up front, and he effectively borrowed it.

In the early-1980s, banks, shadow banks, and the emerging hedge fund industry got involved and the carry trade into high-yielding US Treasury-bills began. The LBMA forward market rapidly expanded.

The attraction to hedge funds and shadow banks (such as Goldman Sachs, which was not a licenced bank in those days) was that they could lease gold, at, say, 1%, and buy T-bills yielding considerably more, as the chart below illustrates:

Particularly when leveraged, the returns over the lease rate were fantastic. It was the grandfather of all carry trades. But it required the leased gold to be sold to raise the dollars to buy the T-bills. Veneroso concluded that most of the leased gold sold was not repurchased and had disappeared into the market.

I do not see commercial banks necessarily being directly involved. They had no need to fund the liability side of their balance sheets by leasing gold because they merely created the credit to invest directly into US T-bills. But gold leasing was a trade that gave impetus to the new hedge fund industry and other shadow banks not licenced to create bank credit. The role of commercial banks’ bullion bank subsidiaries was simply to make a market and trade in the over the counter (OTC) forward contracts demanded by the shadow banks hedging their lease obligations.

Indeed, in this light the policies and attitudes of the LBMA can be better understood.

Like the jewellery trade pre-1980s, we can assume that these shadow banks would have bought contracts to cover their lease obligations. For example, if a hedge fund leases 10 tonnes of gold from a central bank for six months, it would be prudent to buy the same quantity of gold for forward settlement in six months’ time.

That doesn’t mean that on expiry of the lease that the gold is delivered. With the agreement of the lessor, the lessee may be able to extend the lease for a further period, or it might sell the lease on before it terminates. Or it could go to the Bank for International Settlements, the Bank of England, or the New York Fed, all of which managed lease contracts, to roll them over and not have to deliver. It was the birth of a new gold-derivative industry centred in London, and central banks were keen to support it, given its income generation for them.

The 1980-2002 period saw the gold price decline from the 1981 highs of over $800 to $250, adding to the general profitability of this lease trade and encouraging its growth. Importantly, it suited the U.S. Treasury, which was determined to remove gold from the international monetary system and replace it with the Federal Reserve’s dollar. By increasing the supply of gold into the market, gold leasing served this purpose and helped fund the U.S. budget at the same time.

Things probably changed from the mid-’90s onwards, with leased gold remaining in the BIS, Bank of England, and New York Fed vaults, the change of possession from lessor to lessee being evidenced by book entry transfer and a vault confirmation of a lessee’s ownership. It meant that leased gold no longer needed to leave the vault where the original central bank owner had it stored. But it also meant that many of the bars recorded as the property of central banks are actually owned by commercial entities.

It probably explains why the New York Fed was reluctant to return Germany’s gold when the Bundesbank requested the repatriation of some of its gold from the New York Fed’s vaults. And more troublingly, it suggests that the New York Fed was leasing earmarked Bundesbank gold without its agreement, which would explain why the returned bars did not match Bundesbank records.

The book-entry transfer system doesn’t eliminate the earlier problem of gold disappearing from the system. It simply replaces it with dual ownership. Gold continues to be used for collateralised finance, particularly since Basel 3 classified it as a high-quality liquid asset (HQLA) for the purposes of bank balance sheet capital adequacy calculations.

This raises the question of what happens if for any reason the additional gold supply arising from dual ownership of central bank gold ceases and begins to reverse. This is particularly relevant because of the recent run on deliveries from the Bank of England’s vaults destined for New York and the reported deliveries out of Switzerland to the extent that they involve gold held by the Bank for International Settlements. We can be almost certain that these deliveries are of leased gold, temporarily possessed by shadow banks but due to be returned to the ownership of central banks on expiry of their leases.

It should be emphasised that leased gold is the property of the lessee for the duration of the lease. If the lessee wishes to withdraw it from, say, the Bank of England’s vault, it is free to do so. The recent significant premiums to spot on Comex was such a reason, creating a physical arbitrage sucking liquidity out of other gold trading centres as well as London. The MacroMicro chart below shows the surge in stocks in Comex warehouses:

Since end-October, Comex warehouse stocks increased by 728.5 tonnes. The previous peak followed Covid lockdowns when a similar panic occurred. These are not normal levels.

Given the general lack of liquidity in global gold markets, the bulk of this is almost certainly central bank gold on lease. Indeed, according to Bank of England vault figures, between end-October and February, 260.4 tonnes were delivered out, and there will be more by the end of March. That probably leaves about half the surge in Comex warehouse stocks coming from elsewhere.

With gold surmounting $3,000 and foreign central banks becoming increasingly nervous of Trump’s trade and U.S. monetary policies, the lessors might decide not to renew existing leases. This will have the effect of withdrawing physical supply from global markets at a time when portfolio reallocations are likely to increase demand for physical gold. Only one thing can happen: Prices will go higher until a new balance between supply and demand is found.

A very real danger in this is that gold will behave like a Giffen good, and that balance will not be found. It describes how demand increases as the price increases, because the entire investment universe of nearly $300 trillion is underweight in gold, gold ETFs, and gold mines. Gold is the best-performing asset class in Q1 this year and is bound to lead to portfolio rebalancing as other investment sectors are sold down. The table below illustrates this point to 13 March, since when gold has risen even further:

No fund manager will want to show no gold and gold-related positions at the quarter end, which is only days away.

In that event, short positions, which are half the entire paper gold universe of many billions of dollars, will rush to close. Gold could even go bid-only with no sellers, signalling that the paper market leasing scam is over.

---

[i] https://www.gata.org/node/5275

2, EGON VON GREYERZ AND OTHER GOLD COMMENTARIES

3.. CHRIS POWELL AND DAILY GATA DISPATCHES

4. ANDREW MAGUIRE PODCAST

Episode 214

youtube.com/watch?v=E_A-wvLnyL0

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

6 CRYPTOCURRENCY NEWS

ASIA TRADING WEDNESDAY MORNING TUESDAY  NIGHT

SHANGHAI CLOSED DOWN 3.33 PTS OR 0.10%

//Hang Seng CLOSED UP 30.57 PTS OR 0.12%

// Nikkei CLOSED DOWN 93.54 OR 0.25%//Australia’s all ordinaries CLOSED DOWN 0.43%

//Chinese yuan (ONSHORE) CLOSED DOWN TO 7.2315 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2350/ Oil DOWN TO 66.82 dollars per barrel for WTI and BRENT DOWN TO 70.42 Stocks in Europe OPENED ALL MIXED

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

WEAkER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER

END

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

ONSHORE YUAN:   CLOSED DOWN AT 7.2315

OFFSHORE YUAN: DOWN TO 7.2350

SHANGHAI CLOSED CLOSED DOWN 3.33 PTS OR 0.10%

HANG SENG CLOSED CLOSED UP 30.57 PTS OR 0.12%

2. Nikkei closed DOWN 93.54 OR 0.25%

3. Europe stocks   SO FAR:  ALL MIXED

USA dollar INDEX UP TO  103.27// EURO FALLS TO 1.0898 DOWN 40 BASIS PT HEADING TO PARITY WITH USA

3b Japan 10 YR bond yield: RISES TO. +1.501//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 149.83…… 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: DOWN OFFSHORE: DOWN

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 DOWN TO +2.7955/Italian 10 Yr bond yield DOWN to 3.847 SPAIN 10 YR BOND YIELD DOWN TO 3.423

3i Greek 10 year bond yield DOWN TO 3.584

3j Gold at $3025.95 Silver at: 34.06  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 76 /100  roubles/dollar; ROUBLE AT 83.48

3m oil into the 66 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 149.88 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.501 % 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 0.8795 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9585 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: 4.298 UP 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.592 UP 1 BASIS PTS/

USA 2 YR BOND YIELD:  4.054 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 38.17…

10 YR UK BOND YIELD: 4.6884 DOWN 4 PTS

10 YR CANADA BOND YIELD: 3.044 DOWN 2 BASIS PTS

5 YR CANADA BOND YIELD: 2.707 DOWN 3 PTS.

2a New York OPENING REPORT

2b European opening report

USD firmer, EUR and GBP hit by JPY-action on Ueda’s press conference, US futures a touch firmer ahead of FOMC – Newsquawk US Market Open

Wednesday, Mar 19, 2025 – 07:09 AM

• European bourses began the session on the backfoot with the risk tone dented as a few potential factors influenced, US futures modestly firmer pre-Fed
• USD firmer, EUR and GBP hit by JPY-action on Ueda’s press conference; BoJ itself was as expected, Ueda began balanced but had some hawkish points in his presser
• Fixed income initially benefited on the slip in the risk tone but has since eased off best with USTs now slightly softer into the FOMC
• Crude remains pressured after Tuesday’s geopolitical developments while Gas has picked up as strikes on energy infrastructure seemingly continue
• Ukraine’s Zelensky to speak with US’ Trump on Wednesday and hopes a ceasefire will eventually be implemented
• Looking ahead, highlights include NZ GDP, FOMC & BCB Policy Decisions, Speakers include Fed Chair Powell, ECB’s de Guindos, Elderson, NVIDIA CEO Huang, Earnings from General Mills
• Click for the Newsquawk Week Ahead.

TARIFFS/TRADE

• White House official said reciprocal tariffs are still intended to take effect from April 2nd, when asked about Treasury Secretary Bessent’s comments.

EUROPEAN TRADE

EQUITIES

• European bourses kicked off the session on the backfoot amid a bout of general risk pressure following the European cash open with a few factors potentially influencing though there was not one clear driver; Stoxx 600 -0.1%.
• Sectors are mostly negative with Basic Resources lagging on pressure in Rio Tinto (-0.9%) after it pushed back on calls for a unified listing in Australia.
• Stateside, futures are firmer across the board but only modestly so; ES +0.3%, NQ +0.3%. Early doors, the benchmarks were knocked as part of a broader risk move with numerous factors potentially exerting influence; namely, Putin-Trump digestion and potential breach of the energy ceasefire, Ueda’s hawkish language, Turkish turmoil and ongoing tariff uncertainty. More broadly, focus remains on the Fed.
• NVIDIA’s (+1%) GTC saw a flurry of partnership announcements, Apple’s (+0.2%) Siri AI may miss Spring launch target, Oracle (+0.4%) mulls a stake in TikTok US, JPMorgan (+0.2%) hikes its dividend, Morgan Stanley (-0.1%) to cut jobs, Citi (+0.4%) lowers bonuses.
• Barclays lifts its Stoxx 600 end-2025 target to 580 (prev. 545)
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is firmer vs. peers as we count down to the FOMC. Focus for the meeting is on the dot plot, Powell/statement commentary on tariffs and the US economy in addition to anything on QT. DXY at the upper-end of a 103.25-103.71 band.
• EUR/USD lower early doors, hit by EUR/JPY action during the Ueda presser. Down to a 1.0874 base at worst. Specifics for the bloc a little light after the Bundestag vote and ahead of the Bundesrat on Friday.
• JPY choppy but ultimately softer in wake of the BoJ where rates were kept on hold, as expected. The subsequent presser sparked some JPY strength as Ueda turned slightly more hawkish throughout it and as the risk tone deteriorated. USD/JPY currently firmer but off best in a 149.15-150.15 band.
• Sterling on the backfoot given JPY action with general USD strength also factoring. Pressure which comes despite favourable EUR/GBP movement. For the UK, specifics are light as we count down to the BoE on Thursday. Cable finds itself at the lower-end of a 1.2958-1.3004 band and pulling back from Tuesday’s 1.3010 YTD peak.
• TRY hit by the arrest of the likely main opposition candidate to Erdogan, with USD/TRY hitting a record 41.0132 peak after this.
• Antipodeans are both extending on the downside seen yesterday with the latest leg lower coinciding with selling in European equity futures ahead of the cash open. From a fundamental perspective, little reaction was seen from the relatively stable Australian Leading Index and softer-than-expected New Zealand Current Account data.
• PBoC set USD/CNY mid-point at 7.1697 vs exp. 7.2330 (Prev. 7.1733).
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• Benchmarks bid early doors as the risk tone deteriorated with, as discussed elsewhere, no one factor behind this. Since, as sentiment recovers, benchmarks are off best with USTs just into the red, Gilts near-unchanged and Bunds around 30 ticks off best.
• JGBs came under pressure into and after the BoJ itself. Thereafter, Ueda’s press conference began with him sitting on the fence and as such JGBs got back to their 138.25 peak before pulling back sharply to a 138.07 base, where it remains, as Ueda turned slightly more hawkish.
• USTs hit a 110-27 peak on the deterioration in the risk tone, stalling just before the proceeding sessions’ 110-29 and 110-30 respective highs. Specifics a touch light this morning as we digest the readout from Putin-Trump and count down to the FOMC; USTs back toward 110-20+ lows most recently.
• Bunds are firmer but also off best as the general fixed income rally seen in the European morning takes a slight breather and with Bunds specifically also acknowledging dual tranche supply.
• Gilts find themselves back to trading between USTs and Bunds after leading the action for a change on Tuesday. Focus for today, aside from the above macro points, is on PMQs where details will be sought on the disability reform Labour announced and whether the cost savings from this go far enough to restore headroom.
• Click for a detailed summary

COMMODITIES

• Crude futures remain under pressure after Tuesday’s constructive geopolitical developments, with both WTI and Brent trading at weekly lows of USD 66.21/bbl and USD 69.90/bbl respectively.
• Trump-Putin talks were described as productive, with the leaders agreeing on a temporary halt to energy infrastructure strikes and immediate talks on a complete ceasefire. However, it does appear that this agreement may have already been breached by Russia, with attacks reported on power supplies in the Dnipropetrovsk region this morning. Most recently, IFX citing Russia’s Defence Ministry reports that Ukraine attacked Russian infrastructure overnight.
• Dutch TTF is firmer, supported by the lack of a full ceasefire in Ukraine, along with reports of Russian and Ukrainian breaches of this energy agreement, as mentioned in the crude section.
• Spot gold has given back some of the gains from Tuesday, with the yellow metal still comfortably clear of the USD 3k/oz mark, but shy of the USD 3045/oz ATH which printed after the Putin-Trump call.
• Base metals are, broadly speaking, little changed with the risk tone tentative as we count down to the FOMC and updates on the multiple other in-focus macro drivers.
• US Private Inventory Data (bbls): Crude +4.6mln (exp. +0.9mln), Distillate -2.1mln (exp. -0.3mln), Gasoline -1.7mln (exp. -2.4mln), Cushing -1.1mln.
• Click for a detailed summary

NOTABLE DATA RECAP

• EU HICP Final YY (Feb) 2.3% vs. Exp. 2.4% (Prev. 2.4%); MM (Feb) 0.4% vs. Exp. 0.5% (Prev. -0.3%)

NOTABLE EUROPEAN HEADLINES

• UK Chancellor Reeves is planning a new multi-billion pound public spending squeeze in next week’s Spring Statement, following an announcement on Tuesday of GBP 5bln in welfare cuts, according to FT.
• Irish Central Bank warned of significant impact from higher tariffs and cannot rule out a recession, while it lowered its GDP growth forecast for 2025 to 4.0% from 4.2% and 2026 forecast to 4.0% from 4.5%.
• TRY and Turkish equities pressured after the detention of Imamoglue. Borsa Istanbul temporarily halted trading.
• Head of France’s BNIC Cognac lobby says French Foreign Minister plans to visit China at the end of March.

NOTABLE US HEADLINES

• US President Trump posted an article on Truth Social stating “Trump’s tariffs are saving the American steel industry” and posted an article titled “President Trump Is Delivering Needed Economic Relief”.
• WSJ’s Timiraos wrote central banks can lower rates because of good or bad news and the window for ‘good’ cuts is closing due to new inflation risks, while he noted that most officials are expected to pencil in one or two rate cuts this year but projections are likely to obscure how the Fed’s wait-and-see holding pattern has undergone an important reset because of the threat of an expansive trade war that sends up prices.

GEOPOLITICS

MIDDLE EAST

• Israeli army attacked Khan Yunis and conducted heavy shelling in the southern Gaza Strip, according to Al Jazeera.
• Hamas leader said continuation of the Israeli bombardment of Gaza will lead to the death of many Israeli prisoners and the movement is communicating with mediators to force Israel to respect its commitments to the ceasefire.
• US bombed targets in areas east of Hodeidah in Yemen and there were at least 10 US strikes that targeted areas in Yemen, according to Houthi media.

RUSSIA-UKRAINE

• Russia’s Medvedev said the Putin-Trump call showed there is only Russia and the US in the ‘dining room’ eating a ‘Kyiv-style cutlet’ as a main course.
• US Special Envoy Witkoff said talks with Russia on the Ukraine war will take place on Sunday in Jeddah.
• Ukrainian President Zelensky said Russia launched over 40 drones targeting civilian infrastructure and it is precisely such night attacks by Russia that destroy Ukraine’s energy and civilian infrastructure. Zelensky added the fact that Tuesday night attacks were no exception shows the need to continue pressure on Russia for the sake of peace, as well as noted that Russian President Putin de facto rejected the proposal for a complete ceasefire and it would be right for the world to reject any attempts by Putin to drag out the war in response.
• UK PM Starmer spoke with Ukrainian President Zelensky on Tuesday evening and discussed progress US President Trump had made towards a ceasefire in talks with Russia, according to Downing Street.
• Regional governor in Russia’s Belgorod region said the situation remains difficult, a day after Russia said its forces had thwarted Ukrainian attempts to push across the border in Belgorod. It was separately reported that a drone attack sparked a fire at an oil depot in Russia’s Krasnodar region, according to regional authorities.
• UK Foreign Secretary said the EU and UK are to accelerate shipments of arms to Ukraine ahead of a potential full ceasefire, according to Bloomberg.
• Russian Defence Ministry says Ukraine attacked Russia’s energy infrastructure overnight, according to IFAX; CPC Kropotkinskaya oil pumping station stopped operating after damage, according to Tass.
• Ukraine State Railways in the Dnipropetrovsk region says Russian forces have attacked its power system on Wednesday morning.
• Finland President Stubb says if Russia refuses to agree, will need to increase its efforts to strengthen Ukraine and ratchet up pressure on Russia to convince it to come to the negotiating table.
• Ukrainian President Zelensky says he hopes a ceasefire will eventually be implemented; says Russian President Putin’s words are at “odds with reality”, in relation to the halt on energy strikes. Will speak to US President Trump on Wednesday.

OTHER

• US Secretary of State Rubio warned unless Venezuela’s government accepts a flow of deportation flights, the US will impose new and escalating sanctions, while Venezuela’s government said sanctions are an economic war and responsible for hardships.

CRYPTO

• Bitcoin is on the front foot above the USD 83k mark but within recent ranges.

APAC TRADE

• APAC stocks traded mixed as the region lacked firm conviction following the negative handover from Wall St and as participants braced for central bank announcements including the BoJ decision which lacked any major fireworks.
• ASX 200 was subdued for most of the session and finished lower in the absence of any fresh bullish catalysts.
• Nikkei 225 initially benefitted from recent currency weakness which helped the index shrug off disappointing machinery orders and weaker-than-expected trade data to briefly reclaim the 38,000 level. However, the index then gradually pared its gains following the lack of surprises from the BoJ’s unsurprising decision to maintain rates at 0.50%,
• Hang Seng and Shanghai Comp were choppy with participants cautious as they digested recent earnings releases and with tech stocks contained heading into Tencent’s results due later today.

BOJ

• Policy Announcement: maintained its short-term interest rate target at 0.5%, as expected with the decision made by unanimous vote. BoJ said Japan’s economy is recovering moderately, albeit with some weak signs, while consumption is increasing moderately as a trend and inflation expectations are also heightening moderately. BoJ stated they must be vigilant to the impact of financial and FX market moves on Japan’s economy but added that Japan’s economy is likely to continue growing above potential. Furthermore, it expects underlying inflation to converge towards a level consistent with the price target in the latter half of the three-year period projected under the Outlook Report but noted uncertainty surrounding Japan’s economy and prices remains high.
• Ueda: will adjust the degree of easing if its economic and price outlook is realised; not pessimistic about Q1 GDP growth compared to its recent forecast. Still the BoJ’s view that the neutral rate has a wide range, BoJ has still not narrowed-down what the neutral rate is. The BoJ will respond ‘nimbly’ if there are abnormal long-term yield moves; adds that we are not in such a situation now. This Shunto result is largely in line with its view from January, wage trends are ‘on track’, or slightly stronger. There was a view at today’s meeting that there was upward pressure on inflation. Will not raise interest rates when the economy is in bad shape.

NOTABLE HEADLINES

• Tencent Holdings (TCEHY) (CNY) Q4 adj. net of 55.3bln (exp. 53.3bln), revenue 172.5bln (exp. 168.7bln); to raise dividend and buyback

DATA RECAP

• Japanese Machinery Orders MM (Jan) -3.5% vs. Exp. -0.5% (Prev. -1.2%, Rev. -0.8%); YY (Jan) 4.4% vs. Exp. 6.9% (Prev. 4.3%)
• Japanese Trade Balance (JPY)(Feb) 584.5B vs. Exp. 722.8B (Prev. -2758.8B, Rev. -2736.6B)
• Japanese Exports YY (Feb) 11.4% vs. Exp. 12.1% (Prev. 7.2%, Rev. 7.3%); Imports YY (Feb) -0.7% vs. Exp. 0.1% (Prev. 16.7%, Rev. 16.2%)

2c Asian opening report

BoJ left rates unchanged as expected, crude lower as Putin agrees to a ceasefire on energy infrastructure – Newsquawk Europe Market Open

Wednesday, Mar 19, 2025 – 02:10 AM

• APAC stocks traded mixed as the region lacked firm conviction following the negative handover from Wall St.
• BoJ left rates unchanged as expected; Japan’s economy is recovering moderately, albeit with some weak signs.
• European equity futures indicate a steady open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.7%.
• DXY is a touch firmer, EUR/USD is lower but holding above 1.09, JPY is weaker post-BoJ.
• US President Trump said he and Russian President Putin agreed to an immediate ceasefire on all energy and infrastructure.
• Looking ahead, highlights include EZ Labour Costs & Wages, NZ GDP, FOMC & BCB Policy Decisions, BoJ’s Ueda, Fed Chair Powell, ECB’s de Guindos, Elderson, NVIDIA CEO Huang, Supply from Germany.

SNAPSHOT

Newsquawk in 3 steps:

1. Subscribe to the free premarket movers reports

2. Listen to this report in the market open podcast (available on Apple and Spotify)

3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days

US TRADE

EQUITIES

• US stocks resumed their selling with all major indices closing well in the red and the losses led by the Nasdaq amid pressure across the tech megacaps, while risk appetite failed to benefit from a slew of better-than-expected data releases and positive talks between US President Trump and Russian President Putin where they agreed on an immediate ceasefire on all energy and infrastructure, as well as to begin talks immediately regarding a complete ceasefire.
• SPX -1.07% at 5,614, NDX -1.66% at 19,483, DJI -0.62% at 41,581, RUT -0.89% at 2,050.
• Click here for a detailed summary.

TARIFFS/TRADE

• White House official said reciprocal tariffs are still intended to take effect from April 2nd, when asked about Treasury Secretary Bessent’s comments.
• India’s government recommended a 12% safeguard duty or temporary tax for 200 days on some steel products.

NOTABLE HEADLINES

• US President Trump posted an article on Truth Social stating “Trump’s tariffs are saving the American steel industry” and posted an article titled “President Trump Is Delivering Needed Economic Relief”.
• WSJ’s Timiraos wrote central banks can lower rates because of good or bad news and the window for ‘good’ cuts is closing due to new inflation risks, while he noted that most officials are expected to pencil in one or two rate cuts this year but projections are likely to obscure how the Fed’s wait-and-see holding pattern has undergone an important reset because of the threat of an expansive trade war that sends up prices.
• US Pentagon will cut up to 60k civilian jobs, according to AP.

APAC TRADE

EQUITIES

• APAC stocks traded mixed as the region lacked firm conviction following the negative handover from Wall St and as participants braced for central bank announcements including the BoJ decision which lacked any major fireworks.
• ASX 200 was subdued for most of the session and finished lower in the absence of any fresh bullish catalysts.
• Nikkei 225 initially benefitted from recent currency weakness which helped the index shrug off disappointing machinery orders and weaker-than-expected trade data to briefly reclaim the 38,000 level. However, the index then gradually pared its gains following the lack of surprises from the BoJ’s unsurprising decision to maintain rates at 0.50%,
• Hang Seng and Shanghai Comp were choppy with participants cautious as they digested recent earnings releases and with tech stocks contained heading into Tencent’s results due later today.
• US equity futures (ES +0.1%, NQ +0.2%) nursed some of yesterday’s losses but with the rebound limited as the FOMC announcement looms.
• European equity futures indicate a steady open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.7%.

FX

• DXY was rangebound after weakening yesterday despite several firmer-than-expected data releases stateside which prompted an upward revision in the Atlanta Fed GDPNow forecast, while there were recent comments from the White House that reciprocal tariffs are still intended to take effect from April 2nd and the attention for the US now turns to the FOMC.
• EUR/USD slightly pared some of its gains after the prior day’s choppy performance despite the German Bundestag approval of the fiscal reform package, while EU wages data and inflation revisions are scheduled today.
• GBP/USD marginally softened and just about gave back the 1.3000 status amid light UK-specific catalysts, although it was reported that UK Chancellor Reeves plans a multi-billion pound public spending squeeze in next week’s Spring Statement.
• USD/JPY was underpinned amid early gains in Japanese stocks and after weaker-than-expected data releases, while the BoJ announcement lacked any major fireworks as the central bank kept rates unchanged as widely expected.
• Antipodeans traded sideways amid the non-committal risk tone and with little reaction seen from the relatively stable Australian Leading Index and softer-than-expected New Zealand Current Account data.
• PBoC set USD/CNY mid-point at 7.1697 vs exp. 7.2330 (Prev. 7.1733).

FIXED INCOME

• 10yr UST futures faded some of their gains after catching a bid yesterday on the risk-off mood and strong 20yr auction.
• Bund futures kept afloat but with the upside capped after the Bundestag recently passed the fiscal reform package and with Germany scheduled to conduct Bund issuances later today.
• 10yr JGB futures declined despite the weaker-than-expected Machinery Orders and Trade Data from Japan, while demand was also not helped by the lack of surprises from the BoJ policy announcement.

COMMODITIES

• Crude futures remained subdued after yesterday’s losses and with Trump-Putin talks said to be productive in which they agreed on a temporary halt on energy infrastructure strikes and to begin talks immediately on a complete ceasefire, while prices were not helped by mixed private inventory data which showed a larger-than-expected build in crude stockpiles.
• US Private Inventory Data (bbls): Crude +4.6mln (exp. +0.9mln), Distillate -2.1mln (exp. -0.3mln), Gasoline -1.7mln (exp. -2.4mln), Cushing -1.1mln.
• Nigeria’s President declared a state of emergency in the oil-producing Rivers state over pipeline vandalism.
• Spot gold notched fresh record highs in rangebound trade ahead of today’s FOMC announcement.
• Copper futures traded little changed amid the mixed risk sentiment as participants braced for central bank updates.

CRYPTO

• Bitcoin was choppy overnight and just about returned to above the USD 83,000 level.

NOTABLE ASIA-PAC HEADLINES

• BoJ maintained its short-term interest rate target at 0.5%, as expected with the decision made by unanimous vote. BoJ said Japan’s economy is recovering moderately, albeit with some weak signs, while consumption is increasing moderately as a trend and inflation expectations are also heightening moderately. BoJ stated they must be vigilant to the impact of financial and FX market moves on Japan’s economy but added that Japan’s economy is likely to continue growing above potential. Furthermore, it expects underlying inflation to converge towards a level consistent with the price target in the latter half of the three-year period projected under the Outlook Report but noted uncertainty surrounding Japan’s economy and prices remains high.

DATA RECAP

• Japanese Machinery Orders MM (Jan) -3.5% vs. Exp. -0.5% (Prev. -1.2%, Rev. -0.8%)
• Japanese Machinery Orders YY (Jan) 4.4% vs. Exp. 6.9% (Prev. 4.3%)
• Japanese Trade Balance (JPY)(Feb) 584.5B vs. Exp. 722.8B (Prev. -2758.8B, Rev. -2736.6B)
• Japanese Exports YY (Feb) 11.4% vs. Exp. 12.1% (Prev. 7.2%, Rev. 7.3%)
• Japanese Imports YY (Feb) -0.7% vs. Exp. 0.1% (Prev. 16.7%, Rev. 16.2%)

GEOPOLITICS

MIDDLE EAST

• Israel’s Foreign Ministry said the Americans were informed before the attack and supported it, while it added that it is not a one-day attack and they will continue the military operation in the coming days. Furthermore, Israeli official Katz separately commented that they won’t halt the fighting until all hostages are released.
• Israeli army attacked Khan Yunis and conducted heavy shelling in the southern Gaza Strip, according to Al Jazeera.
• Air raid sirens went off in southern Israel after a missile launch from Yemen was detected, according to the IDF.
• Hamas leader said continuation of the Israeli bombardment of Gaza will lead to the death of many Israeli prisoners and the movement is communicating with mediators to force Israel to respect its commitments to the ceasefire.
• US bombed targets in areas east of Hodeidah in Yemen and there were at least 10 US strikes that targeted areas in Yemen, according to Houthi media.
• Iranian-backed Houthis claimed responsibility for a fourth attack on US warships, according to AFP News Agency. It was also reported that the Houthis said they will expand their targets in Israel in the next hours and days if aggression against Gaza does not end.

RUSSIA-UKRAINE

• US President Trump said his call with Russian President Putin was very good and productive, while they agreed to an immediate ceasefire on all energy and infrastructure with the understanding that they will be working quickly to have a complete ceasefire. Trump later commented that they want to get the war over and he did not discuss aid to Ukraine with Russian President Putin.
• White House readout of the Trump-Putin call noted that they spoke about the need for peace and a ceasefire in the Ukraine war, while leaders agreed the movement to peace will begin with an energy and infrastructure ceasefire, as well as technical negotiations on implementation of a maritime ceasefire in the Black Sea, and on a full ceasefire and permanent peace with the negotiations to begin immediately in the Middle East. Leaders spoke broadly about the Middle East as a region of potential cooperation to prevent future conflicts and discussed the need to stop the proliferation of strategic weapons and will engage with others to ensure the broadest possible application. It was also stated that a future with an improved bilateral relationship between the US and Russia has a huge upside which includes enormous economic deals. Furthermore, the leaders shared the view that Iran should never be in a position to destroy Israel.
• Kremlin said Russian President Putin and US President Trump discussed Ukraine and agreed to stay in contact, while Ukraine and Russia are to swap 175 for 175 POWs. It was also reported that Putin reaffirmed commitment to peace in Ukraine and that Russia and the US are to set up expert groups on Ukrainian settlement. Furthermore, there are reportedly still some sticking points on a ceasefire in Ukraine and Putin said there must be a stop to Ukrainian mobilisation and arming of Ukraine, while Putin supports the idea of not hitting energy facilities and agreed to halt strikes on energy infrastructure for 30 days.
• Call between US President Trump and Russian President Putin reportedly lasted for 1.5 hours, according to MSNBC. Furthermore, an informed Russian source said the call between Russian President Putin and US President Trump went “very well”, according to Sky News Arabia.
• Russia’s Medvedev said the Putin-Trump call showed there is only Russia and the US in the ‘dining room’ eating a ‘Kyiv-style cutlet’ as a main course.
• US Special Envoy Witkoff said talks with Russia on the Ukraine war will take place on Sunday in Jeddah.
• Ukrainian President Zelensky said he hopes to speak to US President Trump to receive more details about discussions from the call with Russian President Putin and noted that Ukraine would support a proposal to stop strikes on energy infrastructure. Zelensky said Kyiv’s partners would not agree to stop military aid and hopes it will continue, while he added that Ukraine will support any proposals that lead to stable and just peace.
• Ukrainian President Zelensky said Russia launched over 40 drones targeting civilian infrastructure and it is precisely such night attacks by Russia that destroy Ukraine’s energy and civilian infrastructure. Zelensky added the fact that Tuesday night attacks were no exception shows the need to continue pressure on Russia for the sake of peace, as well as noted that Russian President Putin de facto rejected the proposal for a complete ceasefire and it would be right for the world to reject any attempts by Putin to drag out the war in response.
• UK PM Starmer spoke with Ukrainian President Zelensky on Tuesday evening and discussed progress US President Trump had made towards a ceasefire in talks with Russia, according to Downing Street.
• Regional governor in Russia’s Belgorod region said the situation remains difficult, a day after Russia said its forces had thwarted Ukrainian attempts to push across the border in Belgorod. It was separately reported that a drone attack sparked a fire at an oil depot in Russia’s Krasnodar region, according to regional authorities.
• UK Foreign Secretary said the EU and UK are to accelerate shipments of arms to Ukraine ahead of a potential full ceasefire, according to Bloomberg.

OTHER

• US Secretary of State Rubio warned unless Venezuela’s government accepts a flow of deportation flights, the US will impose new and escalating sanctions, while Venezuela’s government said sanctions are an economic war and responsible for hardships.

EU/UK

NOTABLE HEADLINES

• UK Chancellor Reeves is planning a new multi-billion pound public spending squeeze in next week’s Spring Statement, following an announcement on Tuesday of GBP 5bln in welfare cuts, according to FT.
• Irish Central Bank warned of significant impact from higher tariffs and cannot rule out a recession, while it lowered its GDP growth forecast for 2025 to 4.0% from 4.2% and 2026 forecast to 4.0% from 4.5%.
• European Council called for an acceleration of work to decisively ramp up Europe’s defence readiness within the next five years, according to Reuters citing draft conclusions.

3 .ASIA

3A NORTH KOREA/SOUTH KOREA

3BJAPAN

3C. CHINA/

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

Europe Goes Full Totalitarian And Puts The Entire Western World At Risk

Wednesday, Mar 19, 2025 – 04:20 PM

Authored by Brandon Smith via Alt-Market.us

It’s happening again. Europe is once again going totalitarian and this time there’s a decidedly familiar communist stench. The outcome was predictable for many of us in the alternative media and the situation is only going to get worse in the next few years, but what does this mean for the rest of the world? With the European elites casting off their humanist masks and going outright Orwellian, what kind of chaos can we expect to unfold?

First and foremost I want to point out a key piece of irony here – For decades in the US we heard the tiresome argument that our 2^nd Amendment gun rights are meaningless because they are “unnecessary in maintaining our freedoms”. Anti-gun rights activists and politicians commonly used Europe as their sterling example:

“If gun rights are so important for freedom, then what about the Europeans? They have strict gun laws and they’re not losing their rights…”

As Americans who understand what it means to fight a rebellion against tyranny and win, our response to this claim has always been the same: “Just give it time…”

Of course, we were right and they were wrong. I’m sure a large number of people among the 95% of EU and UK citizens that are disarmed are probably wishing desperately for firearms right about now. The reasons why are numerous and horrifying.

The Downward Spiral Into 1984

In the EU and UK there has been a slow burn on censorship the past ten years which has recently exploded into a California Palisades level inferno of speech restrictions. Door to door enforcement has increased as the public speaks out against multicultural polities. The excuse is always the same – Native Europeans are not allowed to criticize third world integration because it “might hurt people’s feelings”.  Any opposition to mass immigration is labeled “hate speech”.

Movements for national identity and border security are regularly attacked in the media. In France and Germany globalist officials are attempting to make it impossible for conservative leaning political parties to participate in elections.

In Romania they have succeeded in disrupting the normal voting process, arresting populist candidate Calin Georgescu after he won the first round of presidential elections. EU controlled authorities have ruled that he will not be allowed to run again.  And for those that think he was blocked due to Russian interference, well, they just blocked the candidacy of another conservative candidate simply because she criticized the EU.  Romania is also tightening rules for online speech in an effort to silence public dissent.

In true dystopian fashion, the powers-that-be call this “protecting democracy”.

An even more disturbing trend is Europe’s rising war rhetoric against Russia, with UK and French officials threatening the deployment of troops to Ukraine. Ukraine is losing the war badly and globalists are hellbent on cutting an artery and fomenting a world war. They insist that Ukraine must get back all captured territory and be allowed eventual NATO membership. In other words, a Russian victory cannot be allowed even if it means global conflagration.

As I predicted in April of last year in my article ‘World War III Is Now Inevitable – Here’s Why It Can’t Be Avoided’, the establishment is seeking to stage a domino effect in which greater Europe and the US are drawn into the Ukraine conflict. Even with a tentative peace deal being negotiated with the Russians right now, NATO members have promised to escalate tensions in Ukraine with boots on the ground and increase troop presence in Poland on the Russian border.

Because of this development European officials are actively and openly entertaining ideas of forced conscription and the propaganda is starting to spread. It’s important to note that the war rhetoric is gaining momentum in tandem with mass immigration programs and censorship enforcement. This is not a coincidence; this is a directed and coordinated conspiracy.

The establishment is going for broke in light of the growing public shift away from progressive (socialist) ideology. It’s clear that the elites are afraid of a large scale reformation: A return to nationalism, conservatism, meritocracy and moral fortitude. Western culture is valued again and people are acting to defend it. The movement will soon be impossible to stop and the time of the globalists is running out.

Because of online discourse and the alternative media, dominating the information space is no longer possible. So the elites are turning to physical force and imprisonment to silence their opponents.

For now Britain is the worst perpetrator with citizens receiving intimidation visits from police and suffering arrests for posting “offensive words” and memes. Some are even being arrested for flying their national flag in the sight of migrants. Movements in support of “populism” are demonized and painted as “racist” or “xenophobic”, but these accusations are meant to distract from the very real cultural replacement being perpetrated in greater Europe.

The Hidden Purpose Behind Cultural Replacement

Mass immigration and cultural replacement is a strategy the globalists have been trying in the US for decades and we’re very familiar with the process. That said, I would suggest that Europe’s invasion (which launched around 2014) is an even greater threat due to the religious zealotry of the migrants involved.

Armies of third world invaders, largely from Islamic nations, have flooded into the EU and UK and threaten to completely displace the native born population. Muslims view the west as a cultural and spiritual enemy that needs to be brought under their control. Fundamentalists (around 70% of Muslims globally) believe that the entire world must one day submit to Islam and Sharia Law. They revel in the invasion and see Europeans as cattle ripe for subjugation.

There’s no intent to assimilate, no hope for coexistence. That’s not the goal. The elites are well aware of this dynamic and they welcome it. But why?

Western civilization has been scheduled for demolition and the establishment is using elements of third-world alien cultures to do the grunt work of tearing that civilization down. I predicted the results of this program in my article ‘Britain Is Proof: Globalists Plan To Use Migrants As A Mercenary Army Against The West’, published in August of 2024.

In that article I noted:

“If western populations are unified in opposing the globalist ideology then the task of deconstruction becomes impossible for them. So, they simply destroy the west from within by introducing millions of people that will NEVER assimilate or unify…”

“…In other words, my argument was that migrants from the third-world are not merely being used as unwitting tools for cultural saturation of the west. They’re not being shipped in by the millions to simply live off the fruits of our labor and our ancestors’ labors. I believe they are being brought into the US, the UK and Europe as enforcers for the establishment.”

I went on to explain the greater purpose of western government using third-world mercenaries:

“Keir Starmer and other government officials have been meeting with Muslim groups to reassure them that the government is on their side. The migrants are now emboldened to do as they please while the Brits face the reality that if they fight back, the government will put them in prison. The migrants are now, in the most basic sense, a mercenary wing of the UK government…”

I would go even further and say that in the event of war with Russia native born citizens will be rounded up for conscription while most migrants are left behind to run the streets of London, Paris and Berlin. I believe the migrants are enforcers to keep any potentially defiant Europeans in line. Many empires and monarchs throughout history have used foreign mercenaries as muscle to prevent local rebellion. The politicians in the EU and UK are following a similar strategy.

What Happens Next?

If we track these patterns to their natural conclusion I think it’s clear that Europe is about to become a nexus for global change. They will either destroy the west with instability and authoritarianism or their tyranny will inspire a modern day crusade to save free civilization.  In either case, they’re about to make a mess.

First, I think there will definitely be forced conscription, but I suspect there will be a lot more opposition and protests against this policy than the elites understand. No one in the west wants to die for Ukraine. There is no unifying moral imperative to enter into a war with Russia. People will resist.

Second, there’s going to be a heightened focus on speech controls and arrests unless the populace presents a unified response. This counter-movement will have to be prepared for violence because there’s a good chance they will need to defend themselves.

Third, governments will try to use economic leverage to silence dissent and punish people who refuse to comply. It’s not a coincidence that the EU just announced that they will be introducing CBDC programs at the retail level by the end of 2025. They’re going to push for a cashless system because this will give them total control over people’s economic access.

Unless Trump pulls off some kind of diplomatic miracle the deployment of EU and UK troops to Ukraine is predetermined. Anything to spark a volatile escalation, possibly to lure the US back into the fray under security obligations. Again, the globalists want WWIII as a catalyst for a new world order.

Fifth, Ukraine will fall to Russia regardless. This is already happening but the media is trying to gloss over troop movements and geo-location data showing increasing territorial gains for Russia. They’re also refusing to acknowledge the steep decline in Ukrainian conscripts under the age of 40.  Without a Trump deal, Ukraine will implode.  Europe does not have the troops or the training to fight Russia in a near-peer attrition-based conflict.  Their involvement would only prolong the inevitable or trigger a nuclear exchange.

Sixth, there’s going to be severe diplomatic isolation between the US and Europe. It has already started with NATO potentially breaking apart and the response from our “allies” has been nothing but hostile. EU officials act as if they’re entitled to American money and protection, but the question they need to address is WHY?

The leadership of Europe is deeply socialist and they are utterly opposed to any conservative appeal to national and cultural identity. They hate borders, they hate western culture, they hate meritocracy, they hate individual liberty, they hate Christianity and they hate Americans in general. I don’t think we have much in common with them anymore and it doesn’t make sense to be allies with people who would happily tear down everything we believe in.

The US and EU alliance is dead. After their latest authoritarian actions it’s time to cut ties, or, remove the globalists in power and change the dynamic. From my observations there are millions of Europeans across the Atlantic hoping and praying right now that Americans intervene and remove these tyrants from their bureaucratic throne. While a breaking of ties is almost guaranteed, there is also a chance that a war between the US and the European oligarchy is brewing.

END

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL HAMAS///

Ceasefire allowed Hamas to enrich itself, expert says

“Israel allowed Qatar to transfer 978 fuel tankers into Gaza, containing tens of millions of liters worth over NIS 1 billion to Hamas,” he noted.

By PELED ARBELIMARCH 18, 2025 17:35Updated: MARCH 18, 2025 17:41

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-846587&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20250225_eab6a653f4759423d63a849fb76f9f0d4185dca4&useBunnyCDN=0&themeId=140&unitType=tts-player

The hostage-ceasefire deal signed between Israel and Hamas constituted a key opportunity for the terror group to secure substantial economic benefits, Eyal Ofer, an expert on Hamas’s economy, said on Tuesday.

“Economically, Hamas took advantage of the ceasefire to enrich itself and prepare for the next round. Israel allowed Qatar to transfer 978 fuel tankers into Gaza, containing tens of millions of liters worth over NIS 1 billion to Hamas.”

He explained that Hamas has strategically stored most of this fuel in large tanks at the power station in Nuseirat, assuming Israel will refrain from striking the facility. Top ArticlesRead More

“If they manage to sell all this fuel at current Gaza prices—which will take time—they could use the revenue to pay salaries for 40,000 operatives for an entire year and still have money left over. Fuel in Gaza is currently sold for NIS 25-50 per liter.”

Ofer also highlighted how Hamas has repurposed civilian equipment and supplies brought into Gaza for military preparations. “They used tractors imported from Egypt to clear roads and pathways. For instance, they removed roadblocks on the Netzarim axis, enabling the movement of vehicles that had not undergone security checks. No one knows what passed through there. They also repurposed unexploded Israeli bombs with military-grade explosives to manufacture numerous IEDs.”

According to him, Hamas will not be deterred by heavy civilian losses in the Gaza Strip as long as it is able to incur harm to Israel and, as such, claim victory, Ofer said.

“In their eyes, damaging IDF tanks and killing a few IDF soldiers, even at the cost of thousands of their own casualties, constitutes a victory,” he noted.

“I do not see Hamas raising a white flag anytime soon. For them, even 400 casualties in an opening strike or 2,000 deaths in two weeks are not a problem. Rather, they view these losses as another way to wage war against Israel through global propaganda,” Ofer said.

“From their perspective, even if most of their members hide among the civilian population—having already switched from ceasefire uniforms to civilian clothing for battle—guerrilla warfare will continue.

Beyond the battlefield, Ofer noted that Hamas exploits the war for both psychological and financial gain. 

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According to Ofer, “The IDF should not rush into ground combat. It should use all available methods, and I’m not just referring to airstrikes or artillery. Evacuating civilians and cutting off fuel and water supplies in northern Gaza would force Hamas to withdraw southward. Hamas’s top priority is to maintain its military and governmental control over northern Gaza.”

‘Techonological superiority irrelevant’

In conclusion, Ofer stressed that the fight against Hamas is not just a military battle but primarily a struggle over perception and economics – an area where he believes Israel still faces challenges.

“We still don’t know how to fight an enemy like this. Our technological superiority is irrelevant. The battle is about perception,” he said.

“Hamas wants to influence global public opinion, portraying the IDF as a cruel ‘occupier’ harming ‘civilians,'” Ofer said, adding that the terror group “wants to shape Arab public perception, presenting itself as a strong army capable of striking IDF tanks.

“Hamas wants to manipulate Israeli public opinion, using hostages in a cynical attempt to create internal divisions.”

END

ISRAEL HAMAS

Fresh waves of airstrikes reported in Gaza as resumed offensive enters second day

Houthis say they attacked US carrier group in Red Sea for fourth time in days *

More strikes reported in Gaza, as death toll said to mount

Gazan sources report ongoing airstrikes in several areas of the Strip, as an overnight bombardment appears to continue apace.

Attacks by Israeli aircraft are reported around Khan Younis in Gaza’s south, as well as several areas south of Gaza City near the northern end of the Strip.

At least 10 deaths are reported in the strikes. Quds news, a Gazan outlet linked to Hamas, says the death toll in the renewed Israeli offensive is up to 429. Hamas-controlled health authorities had earlier put the death toll at 408.

Neither figure can be confirmed.

There is no comment from the Israeli military. Israeli officials said Tuesday that the army was only firing on terror targets.

END

Gaza-based sources report a fresh wave of Israeli strikes from the air on areas around the Strip, including attacks from helicopter gunships near Khan Younis in southern Gaza.

Airstrikes are also reported in al-Bureij in central Gaza and in the al-Tuffah area east of Gaza City in the Strip’s north.

ISRAEL HAMAS

Gaza: Permanent War Back On, Netanyahu Declares Hostage Talks Continue “Only Under Fire”

Tuesday, Mar 18, 2025 – 11:00 PM

Israeli Prime Minister Benjamin Netanyahu made it very clear Tuesday in his first remarks since a major Israeli assault was unleashed on the Gaza Strip within 24 hours prior that the country has returned to full-on war against Hamas in Gaza.

He insisted in a televised address from Tel Aviv that Israel “will continue to fight” until all of its war goals are achieved, which includes the return of all remaining captives and the final destruction of Hamas. He further stressed that under his leadership Gaza will never again constitute a threat to Israel.

He declared that any negotiations on restoring the ceasefire will continue “only under fire.” Thus he strongly pointed to the war’s indefinite continuation, after the two-month temporary truce which is now completely shattered.

This has sparked large protests in the Israeli capital and Jerusalem by advocates of the remaining victims, led by their families. Addressing them, Netanyahu said, “My heart, all of our hearts, are with the hostages and their families.”

“They are going through an inhuman nightmare every day, every minute,” he said, stressing he’ll continue to work tirelessly for their return. However he rejected as “lies” that he sabotaged the peace process for political reasons.

Netanyahu also blasted the media, saying “They have no shame, they have no red lines, and that his critics “simply echo Hamas’s propaganda time and time again.”

He then made clear:

“So I want to say to Hamas — don’t rely on this. Because nothing will stop us from achieving all the goals of the war.”

“This is just the beginning,” the Israeli leader then said in his characteristic unapologetic and fiery fashion. He also expressed appreciation in the comments for US military help against the Houthis of Yemen.

Earlier in the day the Houthis launched a ballistic missile against southern Israel, with no reports of injuries on the ground.

Gaza health authorities have meanwhile said the dead are already in the hundreds, with local hospitals describing it feels like ‘Armageddon’ once again.

The White House has said it was aware that Israeli was gearing up for another round of military attacks, and that it’s given a greenlight to the Israeli strikes. This comes after Trump for weeks floated a controversial plan to expel Palestinians from the Gaza Strip, which international groups have condemned as ethnic cleansing.

end

ISRAEL HAMAS

ground offensive begins:

IDF tanks enter Netzarim Corridor in Gaza Strip, sources confirm to ‘Post’

IDF soldiers have also launched ground operations in order to create a partial buffer between the northern and southern parts of the Strip.

By YONAH JEREMY BOB, JACOB LAZNIKMARCH 19, 2025 16:42Updated

https://player.jpost.com/public/player.html?player=jpost&media=3868861&url=https://www.jpost.com/breaking-news/article-846744The IDF reenters the Netzarim Corridor in Gaza on March 19, 2025. (Credit: IDF Spokesperson’s Unit.)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-846744&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20250225_eab6a653f4759423d63a849fb76f9f0d4185dca4&useBunnyCDN=0&themeId=140&unitType=tts-player

Israeli tanks entered the Netzarim Corridor in the Gaza Strip on Wednesday afternoon, The Jerusalem Post has learned.

This confirmation comes after Palestinian reports in the Gaza Strip of IDF tank sitings.

At this stage, sources have indicated to The Jerusalem Post that a broader invasion has not yet started.

The movement of tanks into Neztarim is considered a limited move into Gaza by the IDF. However, sources would not commit to any idea that later in the day or in the coming days, a broader invasion would take place.

IDF launches ground operation in Gaza

The latest move of IDF tanks into Netzarim is not considered a full invasion. However, it is the largest qualitative escalation of renewed hostilities since the January 19 ceasefire. 

The IDF also clarified that over the past 24 hours, IDF soldiers launched focused ground operations in central and southern Gaza, aiming to expand the security zone and create a partial buffer between the northern and southern parts of the Strip. As part of the operation, the forces regained control and extended their reach to the center of the Netzarim axis.

At the same time, it was decided that Golani Brigade forces would be stationed in the southern sector, remaining on standby to carry out operations within Gaza.

ISRAEL/HAMAS/USA

White House Greenlit New Israeli Strikes On Gaza, Breaking Of Ceasefire

Tuesday, Mar 18, 2025 – 08:30 PM

Gaza’s Hamas-run health ministry has said Tuesday that over 400 people were killed overnight and into the morning by Israeli airstrikes following the collapse of the fragile two-month ceasefire.

Local officials say the death toll is expected to climb higher through the day as many are still buried under the rubble. The humanitarian group Doctors Without Borders desribed, “We woke up, at around 2am local time, to 20 minutes of airstrikes and heavy artillery, just like the past 15 months of war.”

The statement further said, “We are appalled and outraged by these new unacceptable massacres of civilians.” But Israel has blamed Hamas for the truce’s collapse, also as dozens of Israeli captives (including bodies of the deceased) still remain in the Gaza Strip.

Israeli Prime Minister Benjamin Netanyahu has vowed that “Israel will act against Hamas with increasing military force.” He blasted group’s “repeated refusal” to release more hostages.

Israel’s military claimed overnight that Hamas’ highest-ranking security official, Mahmoud Abu Wafah, was killed in the strikes. Bombs pummeled the territory every “five, six seconds” according to a Unicef official.

The Trump administration gave the greenlight for the fresh wave of Israeli attacks. “The Trump administration and the White House were consulted by the Israelis on their attacks in Gaza tonight,” White House press secretary Karoline Leavitt said in a Monday night Fox News interview, just as the bombs were flying. And meanwhile, this somewhat strangely timed headline on Tuesday has hit:

The US reportedly agreed to an Egyptian proposal to rebuild Gaza without Hamas, with a local price tag of $50bn.

Hamas has blamed Israel for what it says was the unilateral overturning of the ceasefire agreement. Trump has for weeks been warning that all “hell” could be visited upon Hamas if it didn’t immediately return all of the remaining hostages.

Leavitt acknowledged this in her commentary to Fox: “As President Trump has made it clear – Hamas, the Houthis, Iran, all those who seek to terrorize not just Israel, but also the United States of America, will see a price to pay. All hell will break loose,” she said.

"All those who seek to terrorize not just Israel but America will pay a price. All hell will break loose," said White House Press Secretary Karoline Leavitt, confirming that the Trump administration gave the green light for Israel’s bombing of Gaza. pic.twitter.com/dpJsSP7ncf

— red. (@redstreamnet) March 18, 2025

The Israeli strikes have been going constant for over 12 hours, and several Hamas and Islamic Jihad senior commanders have been killed. This suggests the group is still intact despite a near constant state of war since Oct.7, 2023.

“Hamas just identified a fifth senior official killed in Israel’s assault in Gaza since early this morning: Yasser Harb, a member of the group’s political bureau,” NY Times reports.

END

SYRIA/ISRAEL

Israeli jets target ex-Syrian army outposts in Homs, security sources say

Last week while operating in Syria, the IDF said it would “continue operations to eliminate any threat and strengthen the defense of the State of Israel and its citizens.” 

By JERUSALEM POST STAFF, REUTERSMARCH 18, 2025 22:25Updated: MARCH 19, 2025 00:06

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-846626&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20250225_eab6a653f4759423d63a849fb76f9f0d4185dca4&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF targeted former Syrian army outposts in the central Homs province, two security sources said on Tuesday.

The jets bombed army fortifications in the villages of Shinshar and Shamsin south of Homs city in central Syria, the sources said.

The military did not immediately comment on Tuesday’s strikes, but it previously reported similar attacks, which it said targeted military headquarters and sites containing weapons and equipment.

IDF’s social media ban is way overdue

Defensive operations in Syria

Last week, IDF troops located, confiscated, and dismantled numerous weapons in Syria while the military continued defensive operations at strategic points, the military announced. 

Soldiers in the Paratroopers Brigade, the Armored Corps, and the special forces Yahalom unit under the command of Brigade 474 conducted “targeted raids” in Syria, according to the IDF. 

The troops destroyed rifles, ammunition, missiles, and additional military equipment. 

The statement added that the IDF will “continue operations to eliminate any threat and strengthen the defense of the State of Israel and its citizens.” 

On Monday, the military reported that it had targeted military infrastructure in southern Syria, including military headquarters and sites containing weapons and military equipment from the former Syrian regime.

The strikes were reportedly in the vicinity of the southern Syrian province of Daraa.

END

HOUTHIS

IDF shoots down Houthi ballistic missile aimed at central, southern Israel

The military said it had intercepted a ballistic missile before it crossed into Israeli territory. 

By YONAH JEREMY BOB, JERUSALEM POST STAFFMARCH 18, 2025 18:59Updated: MARCH 18, 2025 21:24

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The IDF on Tuesday night shot down a ballistic missile fired by the Yemeni Houthis on central and southern Israel.

The military said it shot down that missile beyond Israel’s borders, but that due to the speed and explosive power of such missiles it was necessary to activate warning sirens throughout portions of central and southern Israel.

Despite multiple days of US air strikes on the Houthis, they still managed to fire off a missile against the Jewish state, the first since the ceasefire with Hamas went into effect on January 19.

Houthi military spokesman Yahya Saree stated that the terror group launched a “Palestine 2” hypersonic ballistic missile that targeted the IDF’s Nevatim Air Base, which is located approximately 15 km. east of Beersheba.

Generally speaking, Israeli missile experts say that the Houthis do possess different kinds of ballistic missiles but not actually hypersonic ones, though they like to exaggerate their capabilities.

IDF sources said that absent the American attacks on the Houthis in recent days, the Yemeni terror group might have fired even earlier on Israel and with a larger volume of attacks.

Throughout the war, the Houthis fired on Israel over 400 times.

ychronicle.com

US strikes on Houthis

In turn, from July 2024 until the ceasefire in January, Jerusalem counterattacked Yemen five times, while the Biden administration also launched a series of restrained attacks on the Houthis.

There are hopes that the more aggressive attacks by the Trump administration on the Houthis, including their leaders for the first time, might finally reduce their interventions and attacks beyond their borders.

END

At least 10 US strikes target areas in Yemen

By REUTERSMARCH 19, 2025 00:54

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At least 10 US strikes targeted areas in Yemen, including Sanaa, the capital, and Hodeidah, Yemen’s Houthi media reported early on Wednesday.

The US launched a wave of strikes in areas of Yemen controlled by the Iran-aligned Houthis, who said last week they were resuming attacks on Red Sea shipping to support Palestinians in Gaza.

END

SOUTH AFRICA/ISRAEL

Insane! Israel is not part of the ICJ court and therefore cannot be judged.

South Africa allocates millions for ICJ case against Israel, SA Zionist Federation condemns

The federation criticized what it termed an “appalling misuse of taxpayer funds” for the case. 

By JERUSALEM POST STAFFMARCH 19, 2025 09:33Updated: MARCH 19, 2025 10:28

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The South African Zionist Federation (SAZF) slammed the South African government for allotting 37 million South African Rands (about $2 million) to its genocide case against Israel at the International Court of Justice (ICJ) in a statement issued on Tuesday. 

According to local media reports, the South African Treasury has allocated the sum to the case, bringing the total funds issued for this purpose to R130 million (over $7 million).

The Jerusalem Post has reached out to the South African Treasury for a response.  

The federation criticized what it termed an “appalling misuse of taxpayer funds” for the case. 

“At a time when South Africa is in the grip of an economic and social crisis—unemployment at a catastrophic 35% (60% among youth), a collapsing healthcare system, load-shedding that has crippled the economy, and 2.3 million households without proper housing—this reckless waste is indefensible,” the statement read. 

With regard to the ICJ ruling, the statement noted the court’s “preliminary ruling did not determine that South Africa’s claim of genocide was plausible.” 

The federation further noted that the government “deliberately misrepresented this ruling as a victory, using it to justify its ongoing legal assault on Israel while ignoring the reality that Hamas are the true perpetrators of genocide—responsible for the October 7 massacre against Israel.”

The federation noted the South African government had allocated R95 million in 2024 for similar purposes. 

South Africa’s case against Israel

In December 2023, South Africa opened legal proceedings against Israel, alleging the country had violated its obligations under the Genocide Convention.

In January 2024, the court ruled that the Palestinians had a plausible right to protection and that South Africa had the right to submit its claim to the court. 

---

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The court issued provisional measures against the Jewish State. 

In October 2024, South Africa submitted a Memorial to the ICJ claiming Israel had violated the Genocide Convention by promoting the destruction of Palestinians in the Gaza Strip.

END

UAE/USA/GAZA/ISRAEL

UAE Lobbying Trump White House To Reject Arab League Gaza Plan

Wednesday, Mar 19, 2025 – 03:30 AM

Via Middle East Eye

The UAE is lobbying the Trump administration to torpedo a post-war plan for the Gaza Strip that Egypt drafted and which has been endorsed by the Arab League, US and Egyptian officials told Middle East Eye.

The split is becoming increasingly bitter, with US diplomats concerned that it is harming US interests in the region. It reflects growing Arab competition over who calls the shots in the Gaza Strip’s future governance and reconstruction, as well as different opinions over how much influence Hamas should retain there. 

The Emirati pressure poses a dilemma for Cairo because both the UAE and Egypt broadly back the same Palestinian powerbroker for Gaza, Mohammed Dahlan, an exiled former Fatah official. “The UAE could not be the lone state opposing the Arab League plan when it was agreed, but they are trashing it with the Trump administration,” the US official told MEE.

The UAE is flexing its unparalleled access to the White House to criticize the plan as unworkable and accuse Cairo of giving too much influence to Hamas.

The UAE’s powerful ambassador to the US, Yousef al-Otaiba, has been lobbying US President Donald Trump’s inner circle and US lawmakers to put pressure on Egypt to accept forcibly displaced Palestinians, one US official and one Egyptian briefed on the matter told MEE.

Otaiba was previously on record saying that he did not see “an alternative” to Trump’s call earlier this year for Palestinians to be forcibly displaced outside of the Gaza Strip. MEE contacted the UAE embassy in Washington, DC for comment but did not receive a reply. 

Hamas is an offshoot of the Egypt-founded Muslim Brotherhood, which the UAE has tried to stamp out across the Middle East. Egypt’s military-led government has also crushed the Muslim Brotherhood, but it allows Hamas officials some freedom of movement. Egyptian spymasters have long-standing relations with Hamas members, including the Qassam brigades, which Egypt has used to mediate the ceasefires in Gaza.

UAE angered by US-Hamas talks

Egypt’s Gaza plan has been criticized by the UAE for not spelling out specifically how to disarm and remove Hamas from the Gaza Strip.

Egyptian officials say the plan is clear that governance will be handled by the Palestinian Authority. The plan calls for a security force in Gaza trained by Jordan and Egypt and leaves open the possibility for UN peacekeepers to be deployed in Gaza and the occupied West Bank. Hamas said it accepts the plan, but Israel is against internationalising the conflict in such a way, regional diplomats say.

The US brokered a ceasefire to the war in Gaza in January, but it has effectively collapsed, with the besieged enclave on the verge of a return to war. Israel has cut off electricity to the enclave. Over the weekend, it launched deadly strikes that killed at least 15 people, Palestinian health officials said.

The US has floated a plan for Hamas to release the 27 living captives left in the Gaza Strip in exchange for an extension of a temporary truce. Hamas has insisted on a permanent end to the war, as stipulated in the January ceasefire agreement.

The Trump administration has said it backs Israel returning to war in the Gaza Strip. American diplomacy was jolted after Trump’s former nominee for hostage affairs, Adam Boehler, met directly with Hamas recently in Doha, Qatar. 

The White House said Boehler met with Hamas to negotiate the release of one remaining American captive, but the envoy said publicly he discussed a five-year to ten-year truce with Hamas that would have seen the group disavow politics, and the US and its Arab allies ensure the demilitarisation of Gaza.

Those remarks, and Boehler’s statement to CNN that he would not rule out further meetings with Hamas, sparked backlash from the Israeli government and pro-Israel US lawmakers. On Friday, Boehler was withdrawn as the nominee for hostage affairs.The meeting also riled the UAE, the Egyptian and US officials told MEE.

Trump’s top advisors have been ambivalent about the Arab League’s post-war Gaza plan. While travelling in the region in March, Trump’s envoy to the Middle East, Steve Witkoff, did not endorse the plan but called it the “basis for the reconstruction efforts”.

US reassessing military aid to Egypt

Some US and Egyptian officials believe the Emirati campaign has already impacted US-Egyptian bilateral relations, with the US warning Egypt that it will cut military aid in 2026, an Egyptian official and one US official told MEE.

The American warnings that the White House planned to cut military assistance to Egypt were first reported by London-based news outlet Al-Araby Al-Jadeed last week. The US official told MEE that Egypt has been informed that the US is reassessing its military aid but has not been directly told that a future reduction is a quid pro quo in exchange for Egypt accepting a forced displacement of Palestinians. 

The Trump administration has been cutting foreign aid worldwide. Egypt and Israel both obtained waivers from the 90-day freeze on foreign American assistance. Other Arab countries, like Lebanon, have also received carve-outs in recent weeks.

The Trump administration followed through in March on the former Biden administration’s plan to divert $95m in aid earmarked for Egypt’s military to the Lebanese Armed Forces. 

A delegation of former senior Egyptian officials visited Washington last month to meet policymakers and think tanks in a bid to shore up Egypt’s position with the Trump administration. In their public discussions, they did not acknowledge the US warnings, an Egyptian briefed on the matter told MEE.

Egyptian officials have told their US counterparts that it is in Israel’s and Egypt’s interest to maintain US aid, the US and Egyptian officials told MEE. Egyptian officials have told the US that the aid is a cornerstone of the Camp David Accords, which led to a 1979 peace treaty between the two neighbours. But suspicion is deepening among Egypt’s elite.

The military establishment is already seething with resentment at the US for accusing it of failing to police the Rafah border crossing with Gaza. Republican Senator Jim Risch, the chairman of the Senate Foreign Relations Committee, accused Egypt of “blunting” Israel’s fight with Hamas in a previous interview with MEE.

Egypt receives $1.3bn in military aid each year. The US already conditions $300m in aid to human rights matters. The US’s leverage over Egypt has diminished since the Israel peace treaty. In 1978, US aid stood at six percent of Egypt’s GDP. Today, that number is less than half a percent, and it is not clear that the Trump administration views aid as an asset worth preserving.

US officials have told the White House that reducing aid would prompt Egypt to turn to Russia or China for military equipment, but Trump is re-ordering US ties to Russia. 

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Egypt receives aid through foreign military financing, which means the US purchases military equipment for Egypt from American defence contractors, whereas oil-rich Gulf states mainly buy American weaponry with their sovereign funds through foreign military sales.

Frenemies: UAE and Egypt

One of the complicating factors in the dispute is that both Egypt and the UAE look to Dahlan as a power broker in post-war Gaza.  When the Egyptian-drafted plan was endorsed by the Arab League, Palestinian President Mahmoud Abbas pardoned exiled former Fatah officials.

That was widely seen as a nod to Dahlan, who was Fatah’s enforcer in Gaza before Hamas won Palestinian legislative elections in 2006. Dahlan relocated to the UAE after falling out with Abbas in the occupied West Bank.

MEE reported that the UAE is pushing for Dahlan to oversee a committee governing Gaza and later replace octogenarian Abbas as president. MEE contacted Dahlan for comment on this article. 

Sisi enjoys close ties to Dahlan. The UAE is a key backer of Sisi’s cash-strapped government. In 2024, it agreed to a $35bn investment in Egypt’s Mediterranean coast. But the UAE and Egypt are backing opposing sides in a brutal civil war in Sudan.

Further complicating matters, The Financial Times reported that the Trump administration is continuing to push for Sudan and the unrecognized government of Somaliland to accept forcibly displaced Palestinians.

The Trump administration’s expected nominee for Africa Affairs at the State Department, Peter Pham, is a vocal supporter of the UAE and Somaliland’s independence. The UAE is the main powerbroker in Somaliland, where it trains security forces and controls the main port through its state-owned company, DP World.

The Trump administration’s cold shoulder to Egypt’s Gaza plan has riled career officials in the US State Department, who have watched France, Germany, Italy, and Britain all endorse the framework.

American diplomats said the White House was brushing aside career officials’ warnings not to pressure Egypt to accept forcibly displaced Palestinians, MEE reported previously. Trump publicly walked back that demand after being dissuaded not by US officials but in a private discussion with Jordan’s King Abdullah II at the White House in February. The next month, Trump told reporters, “Nobody is expelling any Palestinians.”

HOUTHIS/USA

Trump: total anhilation if you throw another ballistic missile at anybody!

Trump Threatens Houthis With ‘Complete Annihilation’ As US In ‘Continuous’ Bombing

Wednesday, Mar 19, 2025 – 03:45 PM

President Trump is freshly warning that the Houthis (Ansarallah movement) of Yemen will be completely annihilated if they don’t immediately halt their drone and missile attacks in the Red Sea.

The Wednesday warning came just as US Central Command (CENTCOM) has confirmed it is engaged in “continuous operations against Iran-back Houthi terrorists.”

Trump’s words posted to Truth Social accused Iran of ramping up military supplies and arms to the Houthis, as the group continues launching missiles not only on Red Sea shipping but Israeli territory.

“Reports are coming in that while Iran has lessened its intensity on Military Equipment and General Support to the Houthis, they are still sending large levels of Supplies,” Trump’s statement began, in a bit of a surprise admission of lessened Iranian support to the Houthis.

But Trump pivoted to demanding that any and all supplies must end, or else the Houthis will be “completely annihilated”…

Iran must stop the sending of these Supplies IMMEDIATELY. Let the Houthis fight it out themselves. Either way they lose, but this way they lose quickly. Tremendous damage has been inflicted upon the Houthi barbarians, and watch how it will get progressively worse — It’s not even a fair fight, and never will be. They will be completely annihilated!

CENTCOM continuous operations against Iran-back Houthi terrorists…#HouthisAreTerrorists pic.twitter.com/ppggVK1Jgg

— U.S. Central Command (@CENTCOM) March 18, 2025

Yet the Houthis have vowed they will not back down. According to an earlier Houthi statement in response to American military action:

“After engaging with our armed forces, US aircraft carrier retreated as far as 1,300 km north of the Red Sea,” Ansarallah leader Abdul Malik al-Houthi said on Monday.

“We are confronting US aggression by targeting its aircraft carrier, warships, and naval vessels, with greater escalation options if it persists. If the situation and responsibility require us to take a bigger step or bigger action, we will not hesitate, and we are ready for this option,” Houthi said during a televised speech.

The Defense Minister in the Ansarallah-led National Salvation Government, Major General Mohammed al-Atifi, also confirmed that the YAF “[is] ready to develop the confrontation in a manner commensurate with the scale of the challenge and any emergency.”

“The naval battle against the Israeli enemy, following its violation of the ceasefire agreement in Gaza, is not like before,” Atifi said.

Some pundits have pointed out that this is really about defending Israel, in violation of ‘America first’ – also as Congress is missing in action.

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This has been the constant pattern of US military adventurism in the Middle East since 2001 and 2003: whether it’s the Taliban of Afghanistan, or the Iraq insurgency, or the chaos of Syria – the full blunt force of Pentagon technology and power has struggled in guerilla-style conflicts where there is no well-defined ‘front’. And all the while the bodies pile up on both sides, often creating a politically costly environment for Western leaders back home.

* * *

Middle East war correspondent Elijah Magnier has a similar take, writing the following…

Throughout history, Yemen has defeated all foreign occupiers, earning a reputation as a “graveyard of invaders. Every major empire and military force that attempted to dominate Yemen has ultimately been forced to retreat.

US President Donald Trump has declared his intention to “destroy” Ansar Allah (Houthis) in Yemen, resuming intense bombing campaigns across several Yemeni provinces. This marks a significant escalation in the ongoing conflict, as the US seeks to directly target Yemen’s resistance movement, which has remained defiant despite years of war, blockades, and foreign intervention.

IRAN

RUSSIAN VS UKRAINE/USA

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

MARK CRISPIN MILLER

UNITED KINGDOM

UK: Singer Jesy Nelson rushed to hospital, Megan McKenna rushes baby Landon to hospital, footballer Stuart Pearce …

Little Mix singer Jesy Nelson rushed for emergency medical procedure

March 9, 2025

Jesy Nelson [33], English singer who rose to fame after joining a girl band group Little Mix, recently had a health scare that led to an emergency medical procedure, leaving fans worried about her well-being. The singer, known for her stunning performances and voice, has shared details, and the sudden turn of events has sparked concern. Jesy explained that she’s been diagnosed with pre-twin-to-twin transfusion syndrome, a serious condition where blood doesn’t flow evenly between the babies due to abnormal vessel connections in placenta. She now turned to social media to let fans know she needs an emergency procedure to address the issue. In a new Instagram post, the singer wrote: “Unfortunately, the symptoms have got worse so they now have to perform the procedure, which is obviously not what we wanted to happen – but it’s necessary because it’s going to give our babies the best chance of surviving.” “So we’re just waiting to go in and we’re just hoping and praying for the best, really. I feel absolutely gutted because I was really hoping we wouldn’t be in this position,” she added. The pop queen continued, “It’s obviously really scary because there’s so many things that can happen. Pray for us, please.” Jesy Nelson, who began her solo career back in 2021, admitted that she is “hoping and praying” for her unborn twins to make it through.

Link

Megan McKenna rushes baby Landon to hospital as he suffers health emergency

March 7, 2025

Megan McKenna has recounted the heart-stopping moment she rushed her baby son to hospital after he had been left screaming and throwing up. The 31-year-old reality star welcomed her son, named Landon, last October – along with 27-year-old footballer fiancé Oliver Burke. On Friday, the former The Only Way Is Essex star took to Instagram Stories to reveal she had been forced to take her young son to hospital after he fell ill. She detailed that baby Landon had been left in distress and dehydrated after he experienced vomiting and after he became inconsolable. The reality star explained that she trusted her instincts that something could have been seriously wrong and rushed her baby to A&E – and urged other new mums not to doubt themselves too.

Link

Pete Doherty performs on stage with his beloved pet dog – after revealing he’s at risk of having his toes amputated amid diabetes diagnosis

March 8, 2025

Pete Doherty performed at the Electric Ballroom nightclub in London with his beloved pet dog by his side on Saturday night. The Libertines singer, 45, recently revealed he is at risk of having his toes amputated after being diagnosed with Type 2 diabetes last year. His latest performance comes after Pete revealed the warning he had received from doctors amid his ongoing battle with Type 2 diabetes. In a video obtained by The Sun at his gig in Munich, Germany, Pete provided his fans with a health update. He said: ‘I saw the doctor today and he said you need to stay off your feet as much as you can otherwise you’ll lose your toes.’ Those with type 2 diabetes are at higher risk for many related health problems, including foot or leg amputation. Last spring, Pete confirmed his diagnosis with the chronic disease, saying: ‘I’ve been diagnosed with type 2 diabetes. And at the moment, I’m lacking the discipline to tackle cholesterol.’

Link

Stuart Pearce suffers health scare on plane as England hero’s flight has to be diverted

March 7, 2025

Former Nottingham Forest, Manchester City and England defender Stuart Pearce suffered a health scare while on a flight out of Las Vegas. The 62-year-old is now understood to be in a stable condition after pilots were forced to land in Canada due to the medical emergency. Fanatical Warrington Wolves fan Pearce had been in the States to watch his side take on Wigan Warriors in a Rugby League match on Saturday. On a flight back to the UK, Pearce complained of chest pains and was subjected to medical tests once the plane had landed earlier than planned.

Link

SERBIA

Aleksandar Mitrovic health update as former Fulham and Newcastle striker rushed to hospital following heart scare

March 9, 2025

Former Premier League striker Aleksandar Mitrovic [30] was taken to hospital for a check-up after his heart rate spiked. Reports from Saudi Arabia said he was taken in due to a ‘rapid heartbeat caused by physical stress.’ But The Sun has learnt that the hospital visit was largely precautionary and he has been given the all clear. He has been discharged from hospital without complication. The Serbia international last played on Friday as Al Hilal beat Al Faihah 2-0 at home, scoring in the 89th minute.

Link

ITALY

Illness at the Nordic Ski World Championships: concern for the Italian Elia Barp

March 2, 2025

The Italian Elia Barp felt unwell during the skiathlon at the Nordic Ski World Championships yesterday, in Trondheim, and in agreement with the Fisi medical commission, “she will return to Italy for the necessary tests“. Barp, a 22-year-old athlete from Belluno, finished her race yesterday in 53rd place, later posting the message on his Instagram profile: “I’ll come back stronger, I promise”.

Link

CHINA

Taiwanese TV host Sisy Chen recently diagnosed with brain tumour

March 5, 2025

Taiwanese television host Sisy Chen, who has been battling illnesses for years, has been dealt another devastating blow. The Straits Times reported recently that doctors had discovered she had a brain tumour that required urgent treatment. An MRI scan was taken after Chen informed the doctors that “a large black spot appeared in front of my eyes”. The 66-year-old was diagnosed with stage one lung cancer in 2019 and stage four lung cancer in December 2024.

Link

DR PAUL ALEXANDER

Breaking stunning news! Judge says dismantling of USAID was illegal, unconstitutional, orders Musk to restore access to employees

Judge says dismantling of USAID was illegal, unconstitutional, orders Musk to restore access for employees, The judge ordered a pause on any efforts to shut down USAID.

The judge ordered Elon Musk and DOGE to immediately give USAID employees access to their “email, payment, security notification, and all other electronic systems.” must reoccup former building offices

Dr. Paul AlexanderMar 18

READ IN APP

Elon Musk’s attempt to unilaterally dismantle the U.S. Agency for International Development likely violated the United States Constitution, a federal judge ruled on Tuesday.

Judge Chuang wrote that Musk’s takeover “usurped the authority of the public’s elected representatives in Congress to make decisions on whether, when, and how to eliminate a federal government agency, and of Officers of the United States duly appointed under the Constitution to exercise the authority entrusted to them.”

While Judge Chuang rebuked Musk’s role within the Trump administration, the exact implications of the decision on the operations of USAID are unclear.

Judge Theodore D. Chuang said that Elon Musk’s rapid assertion of power over executive agencies was in violation of the Constitution’s appointments clause.

DOGE and Musk were also ordered to submit a written agreement within two weeks that ensures USAID can reoccupy its former headquarters in the Ronald Reagan Building in Washington, D.C.

The foreign aid agency was among the first government agencies DOGE slashed in its effort to scale back or dismantle much of the federal government. The Trump administration has laid off thousands of employees, revoked funding for more than 80% of its programs, and shed its Washington, D.C. headquarters.

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.

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Critics of the Trump administration say its efforts to nullify the agency will cripple American influence overseas and carry devastating effects for some of the most vulnerable populations in the world, which relied on U.S. funds.

Judge Finds Musk’s Role in Dismantling Aid Agency Likely Violated Constitution

It appears to be the first time a federal judge has acted to constrain Elon Musk, a top adviser to President Trump.

___

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

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

SLAY NEWS

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Judge orders USAID employees to be reinstated after DOGE cutsU.S. District Judge Theodore Chuang has sided with former employees of the United States Agency for International Development USAID, ordering their reinstatement and restricting further actions against the agency by Elon Musk’s Department of Government Efficiency (DOGE). The decision follows a legal battle that erupted after DOGE, early in the Trump administration, moved to eliminate USAID, slashing budgets and firing …READ MORE

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LATEST REPORTS FOR NEWS JUNKIES

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Watch: ICE Agents Smash Through Vehicle’s Windows, Drag 2 Gang Members OutICE agents in Spokane, Washington, smashed through a parked vehicle’s windows and arrested suspected gang members from Nicaragua last week.The suspects in the vehicle screamed at ICE agents as they broke through the windows.“This is illegal!” the suspects in the vehicle shouted as ICE agents shattered the windows.“She’s pregnant! She’s pregnant!” another man shouted.The federal agents were not deterred. The …READ THE FULL REPORT

AP Forced to Retract Major Story About Tulsi, TrumpThe Associated Press has been caught once again pushing a misleading narrative—this time, falsely attributing a statement to U.S. Director of National Intelligence Tulsi Gabbard regarding President Donald Trump and Russian President Vladimir Putin. After publishing an erroneous report claiming Gabbard described Trump and Putin as “very good friends,” the AP was forced to retract the story and issue a …READ THE FULL REPORT

Watch: Alec Baldwin Humiliated After Wife Snaps on Him in PublicAlec Baldwin is no stranger to public controversy, but even his biggest critics might feel a little sorry for him after his latest red carpet moment. While attending the grand opening of Planet Hollywood Times Square, Baldwin, 66, found himself publicly scolded by his wife, Hilaria Baldwin, 41, in what many are calling a classic display of narcissistic control.The couple, …READ THE FULL REPORT

Anti-Trump Judge Hit with Articles of ImpeachmentA House GOP lawmaker has officially filed articles of impeachment against Chief Judge James E. Boasberg of the United States District Court for the District of Columbia, accusing him of abusing his judicial power to block President Trump’s deportation efforts.Congressman Brandon Gill (R-TX) introduced the resolution on Tuesday, citing Boasberg’s intervention as a direct constitutional violation that obstructed the president’s …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/USA

A Good article!

BOMBARDIER:

Bombardier CEO Warns US Could “Target” Firm If Canada Cuts F-35 Deal

Tuesday, Mar 18, 2025 – 06:50 PM

On Monday, the CEO of Canadian jet manufacturer Bombardier warned a business audience in Montreal that Prime Minister Mark Carney’s potential decision to trim or cancel Canada’s purchase of 88 U.S. F-35 stealth fighter jets could trigger a retaliatory response from Washington against his company, according to Bloomberg. 

“Canceling the F-35s might be a good idea, but we need to think about it,” Bombardier CEO Eric Martel said at the event hosted by Canadian Club, adding, “We have contracts with the Pentagon. Will there be reciprocity there?“

Martel warned: “Effectively, we could be targeted. This is my concern.”

He noted his biggest concern is that the Trump administration may target Bombardier’s defense unit. The unit has two contracts with the U.S. government—one for communication aircraft and another for surveillance jets—both of which could become collateral damage if Carney reduces or scraps the F-35 contract. 

“I am there to defend Bombardier, but I understand why the new prime minister is asking these questions,” Martel said.

🛩️ Aujourd’hui, @karlblackburn a assisté à la conférence d’Éric Martel @Bombardier, sur le rôle de l’aérospatiale dans la prospérité du Canada.

L’innovation, la résilience et l’autonomie industrielle sont essentielles pour renforcer notre économie et bien positionner le Québec. pic.twitter.com/KcgrXdD2ET

— Conseil du patronat (@conseilpatronat) March 17, 2025

Martel’s comments highlight the risks to Bombardier’s business, 60% of which comes from the U.S. and is highly exposed to the ongoing U.S.-Canada trade war.

On Sunday, President Trump doubled down on reciprocal tariffs, calling the April 2 implementation date a “liberating day for our country … and we’re getting back to some of the wealth that very, very foolish presidents gave away because they had no clue what they were doing.”

Reuters noted: 

It is unclear whether a U.S. exemption for Canadian and Mexican goods like Bombardier’s planes that comply with the United States-Mexico-Canada Agreement (USMCA) will be extended past April 2.

“Common sense will return, and our business will continue to move forward,” Martel said, adding that orders have not slowed. However, he acknowledged that discussions with some customers have changed, particularly regarding contractual clauses aimed at reassuring both parties. 

It’s almost guaranteed that if globalist Carney alters or cancels the F-35 deal in favor of European fighter jets, Trump will retaliate against Canada, likely targeting Bombardier. Trump’s vision for hemispheric defense in the Americas relies on U.S. defense weapons—not foreign ones from Europe. That’s all you need to know.

END

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

EURO/USA: 1.0898 DOWN 40 BASIS POINTS

USA/ YEN 149.83 UP 0.394 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 1.2967 UP 0.0033 OR 33 BASIS PTS

USA/CAN DOLLAR:  1.4327 UP 0.0027 (CDN DOLLAR DOWN 27 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 3.33 PTS OR 0.10%

 Hang Seng CLOSED UP 30.57 PTS OR 0.12%

AUSTRALIA CLOSED DOWN 0.43%

 // EUROPEAN BOURSE:     ALL MIXED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL MIXED

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 30.57 PTS OR 0.12%

/SHANGHAI CLOSED DOWN 3.33 PTS OR 0.10%

AUSTRALIA BOURSE CLOSED DOWN .43%

(Nikkei (Japan) CLOSED DOWN 93.54 PTS OR 0.54%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 3039.10

silver:$33.87

USA dollar index early WEDNESDAY  morning: 103.27 UP 37 BASIS POINTS FROM  TUESDAY’s CLOSE.

WEDNESDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing WEDNESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 3.326 % UP 2 in basis point(s) yield

JAPANESE BOND YIELD: +1.493% DOWN 0 FULL POINTS AND 50/100  BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.455 UP 3 in basis points yield

ITALIAN 10 YR BOND YIELD 3.883 UP 2 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.8310 UP 2 BASIS PTS

IMPORTANT CURRENCY CLOSES :  MID DAY WEDNESDAY

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

Euro/USA 1.0911 DOWN .0006 OR 6 basis points

USA/Japan: 149.61 UP 0.216 OR YEN IS DOWN 22 BASIS PTS//

Great Britain 10 YR RATE 4.190 DOWN 1 BASIS POINTS //

Canadian dollar UP .0012 OR 12 BASIS pts  to 1.4288

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan UP T0 7.2276,  CNY ON SHORE ..CHINA MUST DEVALUE TO GOLD  

THE USA/YUAN OFFSHORE UP TO 7.2300:    

TURKISH LIRA:  36.66 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +1.493

Your closing 10 yr US bond yield DOWN 0 in basis points from WEDNESDAY at  4.307% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.619 UP 2 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.037 DOWN 0 BASIS PTS.

GOLD AT 11;00 AM 3035.00

SILVER AT 11;00: 34.11

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

London: CLOSED UP 1.43 pts or 0.02%

GERMAN DAX: down 92.64 PTS OR 0.40%

Paris CAC CLOSED UP 56.90 or 0.70%

Spain IBEX CLOSED UP 53.40PTS OR 0.40%

Italian MIB: CLOSED UP 178.75 PTS OR 0.45%

WTI Oil price  68.11 11 EST/

Brent Oil:  71.45 1:00 EST

USA /RUSSIAN ROUBLE ///   AT:  81.76 ROUBLE UP 1 AND  67/ 100      

GERMAN 10 YR BOND YIELD; +2.8310 UP 2 BASIS PTS.

UK 10 YR YIELD: 4.7190 DOWN 1 BASIS POINTS

CDN 10 YEAR RATE: 3.075 UP 6 BASIS PTS.

CDN 5 YEAR RATE: 2.744 UP 5 BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0895 DOWN 0.0043 OR 43 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR

British Pound: 1.2994 DOWN .0006 OR 6 basis pts/HEADING FOR PARITY /USA

BRITISH 10 YR GILT BOND YIELD:  4.6845 DOWN 1 BASIS PTS//

JAPAN 10 YR YIELD: 1.506

USA dollar vs Japanese Yen: 148.46 DOWN 0.479 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.4324 UP 24 BASIS PTS CDN DOLLAR DOWN 24 BASIS PTS

West Texas intermediate oil: 67.25

Brent OIL:  70.91

USA 10 yr bond yield DOWN 4 BASIS pts to 4.252

USA 30 yr bond yield DOWN 2 BASIS PTS to 4.562%

USA 2 YR BOND: DOWN 12 PTS AT  3.923

CDN 10 YR RATE 3.021 DOWN 3 BASIS PTS

CDN 5 YEAR RATE: 2.679 DOWN 3 BASIS PTS

USA dollar index: 103.20 UP 31 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 37.89 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  83/99 DOWN 2 AND  25/100 roubles

GOLD  3046.30 (3:30 PM)

SILVER: 33.79 (3:30 PM)

DOW JONES INDUSTRIAL AVERAGE: UP 383.32 OR 0.92%

NASDAQ 100 DOWN 253.30 PTS OR 1.30%

VOLATILITY INDEX: 19.76 DOWN 1.94 PTS OR 8.94%

GLD: $ 281.11 UP 1.15 PTS OR 0.41%

SLV/ $30.75 DOWN 0.10 PTS OR OR 0.32%

TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 379.97 OR 1.54%

end

TRADING today ZEROHEDGE/J

FOMC:

Fed Holds Rates, Signals QT Taper; Blames Trump ‘Uncertainty’ For Stagflationary Outlook

Wednesday, Mar 19, 2025 – 02:02 PM

Tl;dr: The Fed is firmly in wait-and-see mode.

• Statement: hawkish
• Economic projections: mixed (stagflationary)
• Dots: hawkish
• QT taper: dovish

It’s interesting that the slowdown in QT is so sharp – from $25 billion down to $5 billion a month for the Fed’s Treasuries holdings. 

Remember that it was $60 billion a month before the first slowdown.

Why not just cut it to zero?

Maybe the Fed wanted to send a signal that QT is still in place; it still wants to work down its balance sheet — and perhaps ramp the pace back up after the federal debt-limit standoff is over.

UBS sees a glimpse of a Powell Put:

Dare anyone say “Fed put”. 

Perhaps not quite, but the Fed’s message is consistent with its work from September 2018 – that reacting to the inflationary consequences of tariffs only makes the growth hit worse than it needs be.

Not quite the “Fed put” the markets have been hoping for, but in the scheme of things, the outcome of the Fed is a little more dovish than the market had expected. 

The Fed shrugging off the inflationary signals from its models and instead preferring to line the dot plot up with the growth deterioration.

Amid the uncertainties, the distribution of the dots for this year has actually narrowed.

*  *  *

Since the last FOMC meeting, on Jan 29th, a lot has changed…

From an economic perspective, growth expectations have plunged and inflation prints have been wildly noisy…

Source: Bloomberg

… (especially the idiotically partisan UMich inflation expectations)…

Source: Bloomberg

Gold has been the dramatic winner since the last FOMC meeting while oil and stocks have been clubbed like a baby seal. Bonds are bid but the dollar has been dumped…

Source: Bloomberg

Interestingly, as stocks have tumbled in the last two weeks, so have rate-cut expectations, back more in line with where they were after the last FOMC meeting (just 56bps now, from almost 100bps two weeks ago!)…

Source: Bloomberg

On the bright side, mortgage rates have plunged since the last FOMC meeting…

Source: Bloomberg

Finally, before everything goes just a little bit turbo, we note that the market is currently significantly more dovish than The Fed’s dots this year and dramatically more hawkish in 2027…

Source: Bloomberg

Rates are expected to be a nothingburger today.

So will today’s fresh Dot-Plot adjust to the market?

More importantly, what will The Fed do about its QT program?

Key Headlines:

As expected, no change in rates:

• *FED HOLDS BENCHMARK RATE IN 4.25%-4.50% TARGET RANGE

But, the economic projections are not pretty:

• *FED SHARPLY REDUCES 2025 GROWTH PROJECTION, MARKS UP INFLATION
• Fed cuts year-end GDP forecast from 2.1% to 1.7%
• Fed raises year-end core PCE forecast from 2.5% to 2.8%
• Fed raises year-end unemployment forecast from 4.3% to 4.4%

One of the fed members is very bearish on GDP growth…

Perhaps of most note:

Fed removes language that “risks to inflation and employment are roughly in balance”

Trump’s fault:

• *FED SAYS UNCERTAINTY AROUND ECONOMIC OUTLOOK HAS INCREASED

The median of the rate cut forecasts are unchanged from December (still at a two cut median)…

…but the dovish tails all shifted hawkishly…

• four for 0 cuts in 2025 (up from just 1 in Dec)
• four for 1 cut (up from 3 in Dec)
• nine for 2 cuts now (down from 10 in Dec)
• only two for 3 cuts (down from 3 in Dec)
• and none of the FOMC members see 4 cuts in 2025 (down from 1 in Dec)

And finally, the QT Taper is on…

• *FED TO SLOW BALANCE-SHEET RUNOFF STARTING APRIL 1

Notably Fed’s Waller dissents because while he supported no change for the federal funds target range but preferred to continue the current pace of decline in securities holdings.

Read the full redline of the FOMC statement below:

ZEROHEDGE/HEADLINE CLOSING MARKETS/ZEROHEDGE

Stocks, Bonds, Gold, & Crypto Soar As ‘Powell Put’ Appears

USA DATA

USA ECONOMIC NEWS

US Effective Tariff Rate Forecast To Reach Generational High; Goldman Fears “Fading US Exceptionalism”

Tuesday, Mar 18, 2025 – 09:20 PM

President Trump’s tariffs are reshaping non- “America First” trade policies and agreements, causing concern among Goldman analysts. They recently downgraded the US GDP growth forecast to 1.7% from 2.4%, marking their first below-consensus call in 2.5 years.

In the latest Top of Mind macro research note titled “All About Fading U.S. Exceptionalism,” analysts Jenny Grimberg, Allison Nathan, and Ashley Rhodes provided clients with a brief note about the declining US outlook and the rise of the rest of the world amid expectations that the average US tariff rate will increase by 10 percentage points this year—a generational high.

Chart of the Day: The US effective tariff rate is likely to rise by 10pp this year, roughly 5x the increase during the first Trump Administration.

Here’s the summary:

Our expectation that the average US tariff rate will rise by 10pp this year has left our 2025 US GDP growth forecast at 1.7%, down from 2.4% (both on a Q4/Q4 basis) at the start of the year and our first below-consensus call in 2.5 years. Markets have also downgraded their US growth views—and sharply so, on our estimates—as evidenced by the S&P 500 entering correction territory this week. While we continue to expect US equities to move higher ahead, we recently lowered our YE25 S&P 500 index target from 6500 to 6200 and trimmed our 2025 EPS growth forecast from 9% to 7% on the back of our US growth downgrade, and modestly reduced our valuation expectations given the significant uncertainty around US policy.

In stark contrast, markets have significantly upgraded their European growth views, fueling strong outperformance of European assets that we think has further to run. Specifically, we believe European equities can continue to outperform given the still-large valuation gap between US and European equities and recently raised our 2025/2026/2027 SXXP EPS growth forecasts to 4%/6%/6% (from 3%/4%/4%), partly on the back of the growth boost from higher European defense spending that we expect. We believe Europe has made a promising start on the road to this higher spending amid positive signals from the EU Council and Germany, where preliminary coalition negotiations have resulted in an agreement on the recently-announced substantial fiscal package. We also expect EUR credit to continue outperforming USD credit ahead, as implied by our recently-revised spread forecasts. But we think the risks are more two-sided for Bunds and the Euro even as we recently raised our YE25 10y Bund yield forecast to 3.00% (from 2.25%). Beyond Europe, China and broader EM equities have also performed relatively well this year, and we see further room to run here as well.

We believe this fading of US exceptionalism further underscores the case for regional diversification, and continue to like Defense, Technology, and Healthcare stocks in Europe, both China A and H shares, and pockets of EM equities. That said, we believe the diversification theme could run into challenges if the current US equity market correction extends further, as we find that regional correlations tend to be higher during larger US corrections and regional equities have rarely delivered positive returns in such periods.

Trump’s tariff saber-rattling has been seen as a critical tool to unleash America First and globalism last. Ridding the system of toxic policies will likely result in a detox period for the economy. At the same time, hemispheric defense comes next.

END

Musk is amazing: he brought home these astronauts!!

Splashdown! SpaceX Safely Brings Stranded Astronauts Home

Tuesday, Mar 18, 2025 – 06:11 PM

Update (1820ET): The SpaceX Crew Dragon capsule carrying the four crew-9 astronauts safely splashed down in the waters off the coast of Tallahassee, Florida.

The Dragon Capsule’s parachutes automatically deployed at around 6,500 feet, bringing it from roughly 119 MPH to 16 MPH, according to SpaceX’s Kate Tice.

What a sight! The parachutes on @SpaceX's Dragon spacecraft have deployed; #Crew9 will shortly splash down off the coast of Florida near Tallahassee. pic.twitter.com/UcQBVR7q03

— NASA (@NASA) March 18, 2025

Splashdown of Dragon confirmed – welcome back to Earth, Nick, Suni, Butch, and Aleks! pic.twitter.com/M4RZ6UYsQ2

— SpaceX (@SpaceX) March 18, 2025

“There’s just breathtaking views of a calm, glass-like ocean,” said NASA’s Sandra Jones just before touchdown.

SpaceX-operated rescue ships sped towards the capsule. Upon arrival, a rig onboard one of the vessels will haul the spacecraft out of the water into what’s known as the “Dragon’s nest.”

We can’t wait for all the ‘Hitler saves astronauts’ articles from regime media.

END

Goldman Slashes US Immigration Forecast As ‘America First’ Agenda Takes Hold

.@VP: "Last month, migrant crossings were down 94%, to their lowest number all time, and that happened just in two months of serious border enforcement… Last month, for the first time in over a year, the majority of job gains went to American citizens born on U.S. soil." pic.twitter.com/syjhDBXeVi

— Rapid Response 47 (@RapidResponse47) March 18, 2025

Wednesday, Mar 19, 2025 – 06:55 AM

Vice President JD Vance spoke earlier to companies working “in the national interest” at the American Dynamism Summit, sponsored by venture capital firm Andreessen Horowitz. In his address, he highlighted the significant progress achieved in just two months under a competent administration in securing the southern border and strengthening national security—following the previous administration’s globalist policies that sparked an illegal alien invasion crisis.

“Last month, migrant crossings were down 94%, to their lowest number all time, and that happened just in two months of serious border enforcement… Last month, for the first time in over a year, the majority of job gains went to American citizens born on US soil,” VP Vance told the crowd at the summit in Washington, DC, earlier this morning. 

https://x.com/zerohedge/status/1898011013502341316?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1898011013502341316%7Ctwgr%5E33d937cbb7902f6ad1a641c5c7a045e2191317da%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fgold

Providing more context on VP Vance’s immigration figures, analysts from Goldman, including Jan Hatzius, Alec Phillips, and others, stated that US immigration policy has tightened significantly over the past two months, reducing the annualized inflow of humanitarian and other non-visa immigrants from 1.4 million to 200k. They noted that while deportation levels remained stable, total net immigration fell from 1.7 million in December to 700k in February.

Given the faster-than-expected decline in immigration, the analyst expects net inflows to reach 500k by the end of the year, down from a previous estimate of 750k. The contribution of immigration to labor force growth is also expected to slide and provide more job opportunities for Americans. 

Further color from analysts… 

How Much Has Immigration Fallen Since the Inauguration?

Immigration policy in the US tightened considerably in the first two months of 2025. We estimate that this resulted in a decline in annualized inflows of humanitarian and other immigrants (asylum seekers, parolees, people receiving temporary protected status, and illegal entrants; this includes all immigrants other than visa and green card recipients) to an annualized 0.2mn in February, down from 1.4mn in December 2024 (left, Exhibit 1).

While official statistics from Immigration and Customs Enforcement (ICE) show a moderate increase in arrests of unauthorized immigrants since early January, the increase has not led to a notable change in the number of deportations. The right side of Exhibit 1 shows that total immigrant outflows due to deportations remained in line with past trends. The number of outflows due to voluntary and other enforcement returns—which tend to be proportional to immigration inflows—declined over the past two months as inflows moderated.

Even though the number of deportations did not increase meaningfully, the sharp decline in immigration inflows still brought net immigration into the US down to an annualized pace of 0.7mn in February, from 1.7mn in December 2024 (Exhibit 2).

In our prior report, we highlighted the risk that the immigration crackdown might not only reduce inflows of new immigrants but might also make unauthorized immigrants already in the US afraid to go to work or make their employers afraid to employ them. So far, the labor market data that we use to monitor this risk have shown mixed evidence.

The individual-level micro data behind the household survey of the employment report indicate that recent immigrants’ labor force participation rates remained roughly unchanged (left, Exhibit 3) and their unemployment rates declined slightly (right, Exhibit 3), and that the job-finding rates of all immigrants rebounded on a 3-month basis (Exhibit 4). Taken at face value, this suggests that the immigration crackdown has not yet adversely affected labor market conditions for recent immigrants.

However, the household survey data might miss some of the negative labor market consequences of the immigration crackdown because immigrants who are most likely to have been negatively affected might also have been afraid to respond to the survey.

Indeed, we find that the number of immigrant respondents to the household survey—particularly those who arrived over the past three years—declined moderately over the last two months (Exhibit 5).

Given these changes, we are lowering our immigration forecast for the end of 2025 to 500k from our previous baseline of 750k (dashed line in Exhibit 2), though we see considerable uncertainty around the estimate, as the number of deportations depends not only on the policy in place but also on the actual enforcement intensity.

Seperatly, jobs data showed President Trump’s ‘America First’ agenda was beginning to take shape:

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1898011013502341316&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fgoldman-slashes-us-immigration-forecast-america-first-agenda-takes-hold&sessionId=33d937cbb7902f6ad1a641c5c7a045e2191317da&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

This is good news for American workers, circling back to the Goldman note: 

Trump is opening up the spigot of jobs for the American workers as the migration inbound trends slow and outbound trends persist… This is America First. 

END

AG Bondi Declares “Swarm Of Violent Attacks” On Tesla As Domestic Terrorism

Wednesday, Mar 19, 2025 – 06:49 AM

Update:

US Attorney General Pam Bondi released a statement overnight, calling the “violent attacks” on Tesla showrooms, service centers, Supercharger networks, and vehicles “nothing short of domestic terrorism.” 

“The swarm of violent attacks on Tesla property is nothing short of domestic terrorism. The Department of Justice has already charged several perpetrators with that in mind, including in cases that involve charges with five-year mandatory minimum sentences,” Bondi stated in a press release.

She continued: “We will continue investigations that impose severe consequences on those involved in these attacks, including those operating behind the scenes to coordinate and fund these crimes.”

The latest domestic terrorism attack on Tesla occurred at a service center in Las Vegas early Tuesday morning. Below, we provide readers with dramatic footage (previous post), along with images of the crime scene—featuring one key indication suggesting far-left groups were behind the arson attack.

The very fact that the Democrats and their leftist groups are attacking an American company because they are displeased with Elon Musk’s DOGE effort to reform the bloated and corrupt federal government—captured by unelected Deep Staters—shows that the so-called party of ‘love’ is in a massive crisis. Cornered and desperate, Democrats have now resorted to violence.

Those are terrible optics, Democrats. Terrible optics. 

Violence is never the answer, yet here we are... 

DEVELOPING: Video provided to the Review-Journal shows several @Tesla vehicles engulfed in flames after Las Vegas police say they were set on fire by an individual early Tuesday morning.
UPDATES→ https://t.co/sZQr9j1E5A pic.twitter.com/uXeLsdpTVl

— Las Vegas Review-Journal (@reviewjournal) March 18, 2025

Musk on Sean Hannity…

🚨 Elon Musk just SLAMMED the Democrats for violently attacking Tesla

"I always thought that Democrats were supposed to be the party of empathy and caring, and yet they are burning down cars, firebombing dealerships…"

"There is some kind of mental illness going on because… pic.twitter.com/rzW84MXVQH

— Nick Sortor (@nicksortor) March 19, 2025

Why haven’t Democrats condemned the terror attacks? 

*   *   * 

Far-left violence targeting Tesla dealerships, Supercharging networks, and individual Teslas continued early Tuesday morning, with multiple vehicles set on fire at a Tesla service center in Las Vegas. 

Local media outlet KLAS reported the Tesla Collision Center in the 6000 block of Badura Avenue, near Jones Boulevard and the 215 Beltway, had several vehicles set on fire in the parking lot by an individual around 0245 local time.

https://x.com/i/status/1902010578903941330

“LVMPD Communications received information that an individual had set several vehicles on fire in the parking lot and caused damage to the property,” Las Vegas police said. 

FBI spokeswoman Sandy Breault for the Las Vegas field office told reporters that agents are on the scene and investigating the fire. 

One citizen journalist posted images from the crime scene, showing doors of the Tesla building spray painted with the message: “Resist.” 

… and there’s the political motive. 

Tesla cars set on fire in Las Vegas at Badura and Jones. Graffiti on front window of building says "Resist". Photos taken 3/18/25 at 7am pic.twitter.com/cLj9RfGi7Z

— Emperor Batsteg (@batsteg) March 18, 2025

President Trump has previously stated that leftist attacks on Tesla will be labeled domestic terrorism, and perpetrators will “go through hell.” … 

BREAKING: Trump announced any violence against Tesla dealerships would be labeled as domestic terrorism!

GOOD! pic.twitter.com/YBCeOmF0Jb

— Gunther Eagleman™ (@GuntherEagleman) March 11, 2025

Latest incidents:

• More Like ‘Inaction Network’: Nationwide Tesla Protest Flops As ‘Rent-A-Protester’ Goes MIA
• Deranged Leftists Storm Manhattan Tesla Showroom, Chant “Zelenskyy Is Hero”
• Coordination? Protesters Occupy ‘Firebombed’ Tesla Store While Anti-Israel Jews Swarm Trump Tower ‘For Palestine’
• Greene Urges DOJ To Investigate Tesla Vandalism As Trump Threatens ‘Domestic Terrorism’ Label
• Caught! Tesla Vandal “Identified, Located, And Arrested” After Confrontation Goes Viral

Musk called it “extreme domestic terrorism…“

Encouraging destruction of Teslas throughout the country is extreme domestic terrorism!! https://t.co/8TCNIbrQxA

— Elon Musk (@elonmusk) March 18, 2025

Even if you hate Elon and Trump, you have to admit this is domestic terrorism.

The Tesla attacks are getting way out of hand, and people have gone insane.

The far left continues to escalate things, and this is not going to end well.
pic.twitter.com/FOoBteT5pU

— Michael Oxford – AKA The Santa Cruz Mountain Goat (@SCMountainGoat) March 13, 2025

MORE LGBTQ TERRORISM

Erin L. White, a self-identified "She/They" was arrested for allegedly vandalizing a Tesla service center in Buffalo Grove, IL.

White allegedly used spray paint to write "Trump Sold US," "F*ck Elon Musk," and "Trans Rights are Human Rights" on the front… pic.twitter.com/Pq2vCvdBaf

— Libs of TikTok (@libsoftiktok) March 17, 2025

Leftist activists are targeting the American company with arson attacks at showroom locations and Supercharging networks, while deranged lone-wolf liberals are vandalizing Teslas in parking lots, parking garages, and on city streets—driven by rage—all because the Trump administration and Elon Musk’s DOGE are eliminating Deep State fraud and waste. 

.com/EpochTV/status/1900297070617244100?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1900297070617244100%7Ctwgr%5E009217e725b617273e

This is all a terrible look for Democrats as they defend the corrupt status quo and their unhinged voters attack an American company. The Justice Department might want to investigate if there is any foreign influence in these attacks against the American company. 

Sequoia partner Shaun Maguire stated on X, “this is all anarchoterrorism.” 

END

VICTOR DAVIS HANSON

USA/ANTISEMITISM//HAMAS// REPORT

KINGNEWS

The King Report March 19, 2025, Issue 7453

Independent View of the News

A rare Turnaround Tuesday to the downside appeared yesterday.  Fangs led the decline because beaucoup traders were long up the yin/yang in these issues – because they lead the Expiry Week rally.   Gold soared to an all-time high (3038) on Tuesday; Bitcoin declined sharply.  USHs declined modestly in early trading but rallied to modest gains after a good US 20-year auction: 4.632%, 4.646% WI.   US Industrial Production unexpectedly increased 0.7% m/m in February; 0.2% was consensus; January revised to 0.3% from 0.5%.  Manufacturing Production soared 0.9% m/m; 0.3% was expected; January revised to +0.1% from -0.1%.  Auto output surged 8.5%!   Capacity Utilization jumped to 78.2% from 77.7%; 77.8% expected.    US February Housing Starts jumped to 1.501m from 1.35m (revised from 1.366m); 1.385m expected.  Permits fell to 1.456m from 1.473m; 1.453m was consensus.   The traders that voraciously bought ESHs and Fangs on Monday, due to weak February Retail Sales inducing Fed rates cuts, cut caned by the stronger economic production data on Tuesday.   ESHs traded modestly higher during early Nikkei trading on Tuesday. After 20:00 ET, ESHs commenced a decline that took ESHs to 5707.50 at 00:39 ET.  The ensuing rally pushed ESHs into modestly positive territory at 5735.25 near 4:40 ET.  ESHs then sank to 5705.00 at 6:15 ET.  After a rebound to 5725.25 at 7:11 ET, ESHs traded sideways until they broke down near 8:52 ET.  ESHs tumbled to a daily low of 5650.75 at 11:58 ET.  ESHs then traded in a 28-handle range until they rallied to 5682.50 at 14:49 ET.   ESHs then performed an A-B-C decline to 5660.00 at 15:48 ET.  The late ESH manipulation forced ESHs to 5678,75 at 16:00 ET.   @libsoftiktok: Egg prices down over 50% since Trump took office: Jan.  21, 2025: $6.55; Mar. 18, 2025: $3.22 (Just 1 month ago, Dems and their media stooges tried to pin Biden’s egg inflation on DJT)   China Throws Money at Population Crisis (China used to punish more than 1 child families!) Parents with a first child born on March 1 or after will get a one-time subsidy of 10,000 Chinese yuan ($1,380). Those welcoming a second one will receive 50,000 yuan per year until the child reaches the age of 5.  Households in the city of about 3.5 million with a third-born are entitled to an annual 10,000-yuan subsidy for the child’s first 10 years…  https://www.newsweek.com/china-childbirth-subsidies-population-crisis-2045717   Delta plane wing clips runway during botched landing at LaGuardia Airport https://t.co/Zs2Qo2KCEi   @nickgerli1: People are fleeing Austin, TX in droves.  The city lost -13,500 people to outbound migration in 2024.  The biggest drop the city has ever experienced.  This outmigration has now caused Austin’s housing market to collapse. With home prices down -19.5% over the last two+ years. https://x.com/nickgerli1/status/1902018204655899048   Austin, Texas was the jewel of the Republic of Texas until Hollywood types migrated there a few decades ago.  Then the Capital of Texas went extremely woke and leftist.  The rest is history.   Positive aspects of previous session USHs rallied modestly on a good 20-year auction. Gasoline and oil declined moderately.   Negative aspects of previous session Stocks declined sharply, led by Fangs. Chief Justice Roberts exacerbated the US Constitutional crisis, regarding judicial overreach.   Ambiguous aspects of previous session How much of Friday’s rally was front running for Fed Week and the Expiry Manipulation?   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]: 5622.32 Previous session S&P 500 Index High/Low: 5654.33; 5597.76   @WesternLensman: Obama official Michael McFaul sees a big problem with a ceasefire in Ukraine — positive headlines for Trump: “President Trump is going to say ‘I ended the war’ and that’s going to be the headline. [Trump] ended the war that Biden couldn’t.” “That’s not the right way to think about the ceasefire.”  https://x.com/WesternLensman/status/1901771029506310407   @Osint613: Key Hamas Figures Eliminated in Overnight Strikes – according to Palestinian Reports:Mahmoud Abu Watfa – Director General, Hamxs Ministry of InteriorAbu Obeidah Muhammad al-Jamasi – Member, Hamxs Political BureauIssam a-Daalis – Member, Hamxs Political BureauBahjat Abu Sultan – Head of Hamxs’ Internal Security ApparatusAbu Amr al-Hatta – Director General, Hamxs Ministry of Justice  @DOGE: For the past two weeks, @SocialSecurity  has begun a major cleanup of their records. Approximately 3.2 million number holders, all listed age 120+, have now been marked as deceased.  More work still to be done.   @elonmusk: My companies make great products that people love and I’ve never physically hurt anyone. So why the hate and violence against me?   Because I am a deadly threat to the woke mind parasite and the humans it controls.   The DJT-Putin phone conference lasted 90 minutes.  Putin endorsed an idea to refrain from energy facilities and infrastructure strikes for 30 days as peace negotiations continue.  Putin and DJT agreed to negotiate Black Sea shipping security issues.  DJT acceded to Putin’s idea to organize hockey games between US & Russia players.  The US said full Ukraine ceasefire negotiations will start immediately.  Putin asked for a halt to providing arms to Ukraine.  DJT did not agree to this.  They did agree that Iran must not be able to destroy Israel, which means nyet for Iran having nuclear weapons.  It appears the real negotiation is the US granting certain benefits for Russia in Ukraine in lieu of Russia abandoning Iran.   Readout of phone call: https://x.com/_StephanieMyers/status/1902050891815084362/photo/1   Today – The Fed Week Rally ends after the FOMC Communique is released (14:00 ET) or after the Fed Chair’s press conference (14:30 ET) if neither the FOMC nor Fed Chair is dovish enough for The Street.    The other trading dynamic is the propensity for the Expiry Week Manipulation to hit peak intensity on Weird Wednesday.  Someone will try to manipulate ESHs higher after or while Powell speaks.   The market expects no change in Fed policy or in Powell’s views.  Fed leftists and Jerome Powell are NOT going to do any favors for Trump!   ESHs are +16.50; NQHs are +87.25 (Weird Wed manipulation buying); and USHs are -8/32 at 20:45 ET.   S&P Index 50-day MA: 5933; 100-day MA: 5938; 150-day MA: 5843; 200-day MA: 5744 DJIA 50-day MA: 43,452; 100-day MA: 43,445; 150-day MA: 42,831; 200-day MA: 41,990 (Green is positive slope; Red is negative slope)   S&P 500 Index (5614.66 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 6109.56 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 5666.73 triggers a buy signal   Trump calls for judge in deportation legal battle to be impeached Trump has clashed with US District Judge James E. Boasberg…     “This Radical Left Lunatic of a Judge, a troublemaker and agitator who was sadly appointed by Barack Hussein Obama, was not elected President – He didn’t WIN the popular VOTE (by a lot!), he didn’t WIN ALL SEVEN SWING STATES, he didn’t WIN 2,750 to 525 Counties, HE DIDN’T WIN ANYTHING!… FIGHTING ILLEGAL IMMIGRATION MAY HAVE BEEN THE NUMBER ONE REASON FOR THIS HISTORIC VICTORY,”…      This judge, like many of the Crooked Judges’ I am forced to appear before, should be IMPEACHED!!! WE DON’T WANT VICIOUS, VIOLENT, AND DEMENTED CRIMINALS, MANY OF THEM DERANGED MURDERERS, IN OUR COUNTRY. MAKE AMERICA GREAT AGAIN!!!”… https://www.foxnews.com/politics/trump-calls-judge-deportation-legal-battle-impeached   Chief Justice Roberts said impeaching judges for rulings is improper.  “The normal appellate review process exists for that purpose.”  However, corrupt judges are subject to prosecution, Mr. Roberts.  Again, all of this is Roberts’s fault.   Legal scholar @joshjcraddock: Fascinating decision by the Chief Justice to issue an advisory opinion on a political question to the media through the PIO. I’m not sure that’s been done before. (PIO: Public Information Office for the National Center for State Courts) https://www.ncsc.org/consulting-and-research/areas-of-expertise/court-management-and-performance/high-profile-cases/high-profile-case-hpc-team/media-relations/the-role-of-the-pio   @seanmdav: Is there any reason why the Supreme Court would refuse to disclose or publish a press release from the Chief Justice on its web page, choosing instead to send it to select media outlets? This seems to be a significant departure from standard practice. But then again, so is a Chief Justice ethically compromising himself and the court by offering a political diatribe on a topic over which he has no authority and related to a party in cases he is currently overseeing.   @seanmdav: For those who are wondering: I called SCOTUS to ask, was hung up on twice, and when I finally was able to ask a person, “Where can I find the press release of his statement—it’s kinda weird it’s not available,” I was rudely told to send an email, which is yet to be answered.   NBC said Chief Justice John Roberts issued a rare statement Tuesday rebuking President Donald Trump.   Bloomberg called Roberts’ statement “extraordinary.”  Yes, it is extraordinary and rare for a Chief Justice to rebuke a sitting president.  However, this is the second time Roberts, who palpably detests Trump, has done so.  The other instance occurred in 2018.  Furthermore, the creepy Roberts issued this rebuke of Trump while DJT was negotiating a Ukraine-Russia peace deal with Putin over the phone.   @johnddavidson: Chief Justice Roberts says “impeachment is not an appropriate response to disagreement concerning a judicial decision.” But Trump isn’t disagreeing with a judicial decision. There has been no decision yet. He’s objecting to Boasberg’s obvious abuse of power, which indeed warrants impeachment.     But now that Roberts has inappropriately stepped into this, he’s opened himself up to arguments that HE should be impeached. The federal judiciary is out of control, and by refusing to rein in Boasberg, SCOTUS is provoking a constitutional crisis.     It won’t be long before the Trump admin finds itself in the position of having to disregard these lawless edicts coming from the lower courts, as push back on the erroneous notion of judicial supremacy, which we have accepted for too long in this country… Judge Boasberg, a virulently anti-Trump judge with a long history of questionable judicial activism…  (More at link) https://thefederalist.com/2025/03/18/trump-is-right-to-push-back-against-judicial-supremacy/   @WadeMiller_USMC: Given that there is SCOTUS precedent saying that Alien Enemy Act removals are non-justiciable, but District Court judges are ignoring that, and John Roberts is ignoring that while adding fuel to the judicial tyranny fire, it appears that the only constitutional option being left to the Article II branch, is to just ignore Article III.     If the Supreme Court is going to declare something non-justiciable, and then allow every radical judge at the District Court level to ignore that and then to unilaterally assume control over foreign policy and the presidency, it appears that the only way to protect the Constitution here is to tell the District Court judge to pound sand.   @mrddmia: Why didn’t the Chief Justice issue a public statement condemning AOC’s call for impeachment of his colleagues?   https://x.com/mrddmia/status/1902084318924828973   @seanmdav: If John Roberts is going to spend his time issuing impotent press releases against Trump, as if he’s an MSNBC host or a Democrat congressional candidate, instead of doing his actual job of protecting the rule of law from lawless inferior court judges, then he is going to end up doing far more damage to the Court than anything a lone politician is capable of.     All of our problems with the judiciary right now stem from a refusal of judges to understand their actual roles in government. James Boasberg is not the president, and John Roberts is not a member of Congress. The sooner they are made to understand this, the better it will be—both for them and the country.  (Major mistake for a Chief Justice to go political!)     For more than two centuries, the question of whether to impeach judges has been left solely to the elected representatives of the American people. John Roberts has no say in the matter, regardless of how much he wishes otherwise. Our Constitution gives John Roberts no power whatsoever when it comes to judicial impeachment, and it certainly doesn’t give him the power to “reject” congressional impeachment when and if it comes.  In fact, this unbridled arrogance from Roberts is the precise reason judicial impeachment is now being demanded for rogue judges…     What John Roberts needs to understand right now is that his continued cowardice in the face of lawless judicial insurrection against the elected government of the people—not rightful criticism of judges—is the fatal threat to the legitimacy of the judiciary he idolizes. The more he acts like a craven politician, the more we are going to treat him like one.      Given Roberts’ oversight of the illegal FISA warrants against Trump, his personal appointment of the judges who ok’ed the illegal spying, his inability to prevent illegal court leaks, his refusal to identify the leaker(s), and his inappropriate and unethical attacks on Trump—a party to scores of cases currently before the courts—John Roberts is now all but begging to be targeted for impeachment himself.  Right now, based on his behavior, John Roberts looks a lot more like a judicial arsonist than he does a judicial firefighter trying to protect the integrity of the Supreme Court.   GOP Reps and DJT allies are likely to call for Roberts’ resignation for blatant anti-DJT bias.   How is that Roberts doesn’t know or won’t admit that the impeachment of judges is authorized by the US Constitution?  Did Roberts rebuke Schumer for inciting violence against SCOTUS justices or Dems that repeatedly stated they want to expand the SCOTUS due to GOP bias?   @kylenabecker: Maybe if Chief Justice John Roberts is concerned about the legitimacy of the courts, he could start by ENFORCING THE RULE OF LAW and STOPPING RADICAL JUDGES FROM ASSERTING POWERS THEY DO NOT LEGALLY POSSESS to impose their POLITICAL AGENDA OVER TRUMP’S PRESIDENTIAL AUTHORITY.   GOP Sen. @BasedMikeLee: Chief Justice Roberts rewrote Obamacare — not just once, but twice — in order to avoid the otherwise-inevitable conclusion that Obamacare was unconstitutional in two independent respects.  This isn’t the first time he’s treaded on legislative power.   Our solution to SCOTUS being unduly influenced by the media and glitterati: Move the SCOTUS out of DC and into some middle western state, like Missouri.   The Department of Justic should fire up grand juries to investigate judicial corruption, including conspiracy, which could lead to RICO charges.   @RepBrandonGill (Ignoring Roberts):  I just introduced Articles of Impeachment against radical activist Judge James Boasberg. He is guilty of high crimes and misdemeanors and should be removed from office.  https://x.com/RepBrandonGill/status/1902028278849786279     The purpose of Judge Boasberg’s unconstitutional ruling is to tie up President Trump’s time and resources in litigation, stopping him from executing on the democratic mandate voters gave him.  The ruling is a fundamental attack on our democratic system.   @JG_CSTT: WOW! It’s not just Judge Boasberg’s daughter in the non-profit game, apparently his sister Margaret and her Bain Capital husband Christopher Bierly are also big players shoveling cash into the NGO financial underground.  https://www.linkedin.com/in/margaret-boasberg-4370171/   @lsferguson: Chief Justice Roberts seems to be THE problem.   @SecretsBedard: Where was Roberts when Biden ignored the student loan ban?   Please recall that in a recent missive, we highlighted Roberts’ connection to Judge Boasberg as well as Roberts’ connection to Mary McCord and other anti-DJT activists.   @TheLastRefuge2: Roberts will protect Boasberg, because Boasberg -who Roberts appointed to be presiding judge of the FISC- has major leverage over Roberts. Boasberg has assembled his shields over years, and CTH has outlined every step.  The brutally obvious began surfacing when Boasberg appointed *Mary McCord as amicus to the FISC…     McCord’s husband, Sheldon Snook, was the key staff of Roberts and almost certainly the leaker of the Dobbs decision.  Chief Justice Roberts had to hide that reality (which he did after the US Marshal investigation) because it put the leak inside his office. Boasberg knows this (and other stuff) and Roberts reacts to eyes on Boasberg from a defensive posture.      Why did Roberts appoint Boasberg to replace Collyer? ANSWER:  Because the FISA Court issued a Title-1 surveillance warrant against the leading candidate for President of the United States…The FISC knew what they were doing.  Chief Justice Roberts needed Boasberg as presiding to defend the Judicial Branch against the outcome of what they did (targeting Trump) with their authority.   @seanmdav: John Roberts personally placed James Boasberg on the FISA court that rubber-stamped illegal spy warrants against Donald Trump. In case you’re wondering why he’s setting his own credibility on fire to defend Boasberg from impeachment investigations. (And defending his family!)   For decades, Dems have used the courts to enact liberal policies that could not be passed in legislatures.  Plus, the US legal system is heavily slanted to Dems.  Roberts might have catalyzed a reaction that will finally produce judicial reform and redux to following the US Constitution.   5th Circuit Judge James Ho Targets ‘Bias’ at Law Firms Amid Trump Attacks Ho cited findings by legal scholars that law firms are more likely to represent liberal groups in pro bono amicus briefs at the Supreme Court than conservative causes. He said there’s a concern that firms “have abandoned neutral principles of representation, and instead engage in ideological or political discrimination in the cases that they’re willing to take on.”… https://news.bloomberglaw.com/us-law-week/judge-james-ho-targets-bias-at-law-firms-amid-trump-attacks   @EricLDaugh: A judge just ordered Elon Musk’s DOGE to all but fully reinstate USAID after they dismantled it. That’s right. A judge is now singlehandedly running the executive branch. THIS HAS TO STOP. Judge Chuang was appointed by Obama. Judge’s order from POLITICO. https://x.com/EricLDaugh/status/1902073828047778158   @DefiyantlyFree: The judge who ruled that disbanding USAID was unconstitutional wrote in the order that USAID was created by Congress. It was not. It was created by executive order by JFK.   @seanmdav: Judge Chuang is on the Board of Overseers of Harvard University, a recipient of USAID funding. Just last week, Harvard implemented a hiring freeze due to the Trump administration’s budget cuts. Putting the lawlessness and insanity of the ruling aside, how is this not a conflict of interest requiring recusal?  https://x.com/seanmdav/status/1902116493040427378   @RodDMartin: The (Chuang) judge’s wife is the former VP of the National Immigration Forum, a Soros dark money conduit that also funded the Evangelical Immigration Table (and thus the ERLC).   @nicksortor: Sen. Marsha Blackburn just SLAMMED the judge who ordered Trump, Elon Musk, and DOGE to reinstate USAID: “This is Trump Derangement Syndrome. These are activist judges. Here you have a judge who is standing up for WASTING taxpayer money. It is not the judge’s money. It is not the court’s money. This is the money that hardworking tax payers have earned and sent to Washington, DC. They don’t want to pay for Sesame Street in Iraq, DEI and trans surgeries in other countries… the people gave Trump a mandate, and he’s carrying that out!” https://x.com/nicksortor/status/1902091210816118905   Uruguayan-born Biden Judge Ana Reyes blocked DJT’s EO that bans transgenders from the military.   GOP Rep. @RepEliCrane: Activist judges are weaponizing the judicial system to jam up the elected President of the United States for partisan purposes. Nothing about that is normal.   @nataliegwinters: Meet the Judge denying the Trump administration’s move to fire bureaucrats at six federal agencies. Ana de Alba is a self-described “lefty liberal from Berkeley” who worked with the Mexican government to advise illegal aliens how to avoid deportation…     Alba has repeatedly held “Know Your Rights” lecture for “undocumented workers” on behalf of the Consulates of Mexico, El Salvador, Guatemala, and Nicaragua. She was also Counsel to the Consulate of Mexico… https://x.com/nataliegwinters/status/1902048353023586792   @nicksortor: Leftist Judge Tanya Chutkan has BLOCKED EPA Administrator Lee Zeldin from terminating BILLIONS of dollars in climate grants…   @ChristianHeiens: Notice how the Constitution did absolutely nothing to shield you from COVID lockdowns, BLM riots, or the totalizing nature of the Great Awokening, but it’s always being invoked to shield the bureaucratic state at every turn?   Secretary of Defense Hegseth ordered all Benghazi files to be declassified.  Hillary is not amused!   Ex-WH Stenographer Mike McCormick calls for grand jury probe into David Weiss (Special Counsel) for shielding Biden crime family  https://t.co/p4nVF7kKRk   ‘Joe Biden committed a crime in front of me’: Mike McCormick alleges Biden conspired to boost Burisma  https://t.co/GhwjCHgxCg   Schumer’s damage-control efforts fall flat with liberal base The Senate minority leader and his aides have been talking privately with liberal groups.      Schumer’s team tried to persuade the New York leaders at Indivisible not to immediately sign onto a statewide letter that called for Schumer to quit his position as minority leader… A third person described the conversations between Schumer and Indivisible as “tense and unproductive.”…     Schumer has argued that backing the stopgap bill was the best of two bad options because a government shutdown would have given more power to Trump and his billionaire adviser Elon Musk. https://www.politico.com/news/2025/03/17/schumer-damage-control-liberal-base-00234321   Chuckie Schumer is doing a media appearance binge to resurrect his debased image.  Regardless of if this boosts Chuckie, the more the public sees him, the worse it is for Dems because Chuckie is unlikable.    Case in point: This outburst from Chuckie on “The View” yesterday via @NickFondacaro:  Dem Senate leader Chuck Schumer mocks Americans who want to keep their hard-earned income and praises the government as a “barrier” to them:  “You know what their attitude is, ‘I made my money all by myself. How dare your government take my money from me?’ … They hate government, government is a barrier to people. A barrier to stop them from doing things.” (This is rich from a guy that NEVER had a private sector job!) https://x.com/NickFondacaro/status/1902027452676718692   GOP @RepRalphNorman: @SenSchumer mocking hardworking Americans who want to keep their own money is exactly what’s wrong with the left. Out of touch!!   GOP Sen. @TomCottonAR: Chuck Schumer thinks he’s entitled to spend your paycheck on wasteful projects like trans surgeries in Guatemala.   Schumer says (on “The View”) ‘oligarchs’ keep him up at night, despite his own ties to billionaires https://www.foxnews.com/politics/schumer-says-oligarchs-keep-him-up-night-despite-his-own-billionaire-ties   The NY Times, trying to resurrect Chuckie Schumer’s greatly diminished status, published a long softball interview with him last week.  Wise guys are highlighting this item from the interview, and asking what Schumer means by it: “I am hopeful that our Republican colleagues will resume working with us. And I talk to them. One of the places is in the gym. When you’re on that bike in your shorts, panting away next to a Republican, a lot of the inhibitions come off.” https://www.nytimes.com/2025/03/16/magazine/chuck-schumer-interview.html   PS – In the groveling interview, Chuckie contents that Biden was NOT mentally impaired.    NYT: Did you know about President Biden’s declining faculties before that disastrous debate? Chuckie: No. Whenever I dealt with him — you know, the right wing was saying, “Oh, he’s mentally declined.” He wasn’t. He had rational, good, strong conversations. Did he ramble from time to time? He’s done that when I knew him when he was 45 years old. Did he sometimes forget a name? Who doesn’t? But he was fine. I didn’t realize, because my dealings with him were just fine, and we worked on many things and had a lot of success.     NYT: If you didn’t know, why didn’t you know? Was it because they were keeping him secluded? Chuckie: I can’t give you the answer to that. When I dealt with him, he was fine.   When the Secret Service was criticized for have only a handful of agents at Butler, PA when Trump was almost assassinated while Jill Biden had far more agents protecting her at an indoor dinner in Pittsburg, Biden acolytes noted that DJT was not president.  If so, why did Hunter and Ashley Biden have a multiple more Secret Service agents protecting them now than DJT had at Butler, PA months after Joe left office?   SECRET SERVICE EXCLUSIVE: AGENT ALLEGES RETALIATION AFTER BIDEN GRANDCHILD (Maisy Biden) INCIDENT — ‘The USSS is not an Uber Service’ (for Hunter Biden’s daughter Maisy & her friends) https://x.com/susancrabtree/status/1902079968185848160   @LauraLoomer: SCOOP – I have identified the reporter who hit President @realDonaldTrump  in the face with a boom mic this week while he was speaking to the press on the tarmac.  Her name is Danielle Kurtzleben @titonka. She is the newly appointed White House reporter for @NPR and a massive Trump hater and LGBTQ advocate who once suggested during the 2024 campaign that Trump only spoke in Howell, Michigan because it has ties to the KKK.  Did she hit President Trump in the face on purpose?  https://x.com/LauraLoomer/status/1901282683658932677   ‘Auntie’ whose Lexus got caught up in CPD narcotics bust, is now department’s 2nd in command Yolanda Talley, whose Lexus was scooped up during a Chicago Police Department narcotics investigation while she was head of the agency’s internal affairs division, has been promoted to First Deputy Superintendent, making her the highest-ranking officer behind Supt. Larry Snelling… https://cwbchicago.com/2025/03/auntie-whose-lexus-got-caught-up-in-cpd-narcotics-bust-is-now-departments-2nd-in-command.html   1123 released JFK files are here: https://www.archives.gov/research/jfk/release-2025   @Texasbrn: Lee Harvey Oswald was known to be a poor shot, according to new JFK files. https://x.com/Texasbrn/status/1902141537972031648   @KassyAkiva: Castro was upset that JFK was killed (this wasn’t classified). https://x.com/KassyAkiva/status/1902155007727644755     Document showing Cuban officials believing the CIA killed JFK https://x.com/KassyAkiva/status/1902156057301889129   @KassyAkiva: Interesting document of KGB defector Yuri Nosenko testifying that the KGB would not allow Lee Harvey Oswald to defect because he was “uninteresting.” https://x.com/KassyAkiva/status/1902151683372695863   @kylenabecker: Lee Harvey Oswald was allegedly handled by KGB officer Kostikov reputedly of Department V. “Department V” is “wet affairs” aka Soviet assassinations! https://x.com/kylenabecker/status/1902149088407114083   US intelligence agent Gary Underhill that told friends the CIA killed JFK and he was afraid for his life – and he might have to leave the US.  He was found shot to death 6 months later. https://x.com/zerohedge/status/1902140016345694319/photo/1   GOP Rep. @realannapaulina: The file I am particularly interested is a CIA IG report from whistleblowers alleging that the CIA hid information from Congress ref JFK assassination as it implicated them (shortly after the assassination). We were given this as a tip and there is actually a document we are currently tracking down.   Federal Judge Orders Price of Eggs to Go Back Up https://buff.ly/0ZFxheR

SWAMP STORIES FOR YOU TONIGHT

Obama Judge Rules Against DOGE Shutdown Of USAID, Orders Employee Access Reinstated

Tuesday, Mar 18, 2025 – 03:27 PM

In the latest legal turn of events – since the United States is now governed by activist judges, an Obama-appointed federal judge on Tuesday found that Elon Musk and DOGE likely violated the constitution when it shut down deep state slush fund USAID, and has ordered them to restore access for current (remaining) employees.

US District Judge Theodore Chuang ruled in favor of more than two dozen unnamed current and former USAID employees and contractors who challenged the Trump administration’s efforts to shutter the organization.

In a 68-page decision, Chuang granted in part their request for a preliminary injunction, ruling that DOGE and Musk likely violated the Constitution’s Appointments Clause and separation of powers.

Musk has been ordered to reinstate access to email, payment and other electronic systems for all current USAID employees and personal services contractors, while the Trump administration is now prevented from taking any further actions related to the shutdown of USAID – including placing employees on administrative leave, firing USAID workers, closing buildings, bureaus or offices, and deleting the contents of its websites or collections.

Of note – the order does not currently require the reinstatement of fired employees, after roughly 83% of USAID programs have been officially canceled according to Secretary of State Marco Rubio.

“After a six-week review, 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, and even harmed the core national interests of the United States,” he said.

This latest judicial move to block the Trump administration comes days after DC District Court judge James Boasberg (who was in charge of the FISA court when the Obama administration was spying on Trump), issued a two-week halt on deporting illegal immigrant gang members. On Tuesday Trump called for Boasberg’s impeachment, drawing a sharp rebuke from Supreme Court Chief Justice John Roberts, who said it was “not an appropriate response.”

The Trump administration is also in the process of reinstating over 24,000 federal workers after a different Obama judge, US District Judge James Bredar, ordered the mass reinstatement of employees at 18 federal agencies last week, determining that the administration’s justification for the firings—poor performance—was not supported by evidence. The ruling follows another decision by a federal judge in San Francisco, who also found terminations at six agencies to be illegal.

end

unbelievable!

Biden-Appointed LGBT Judge Blocks Trump’s Military-Transgender Ban

Wednesday, Mar 19, 2025 – 11:05 AM

A federal judge on Tuesday evening issued a preliminary injunction that stops the Trump administration from enforcing its ban on transgender people serving in the US military. Under the sternly-worded opinion issued by US District Judge Ana C. Reyes, transgenders can continue serving while the lawsuit challenging the ban proceeds. The injunction springs from Reyes’ conclusion that the transgender plaintiffs are likely to prevail on the merits, and face irreparable harm in the interim.  

Reyes, a Biden nominee who was heralded as the first openly lesbian and first Latina district judge in DC, said the ban was based on un-evidenced claims that people diagnosed with gender dysphoria were unfit to serve, and that “the law does not demand that the Court rubber-stamp illogical judgments based on conjecture.” Flashing her woke-leftist credentials, Reyes’ included a gratuitous quote from the musical Hamilton in her 79-page opinion.   

Reyes was clearly ruffled by the pointed language used by Trump and the Department of Defense in regard to transgenders. “The Military Ban is soaked in animus and dripping with pretext. Its language is unabashedly demeaning, its policy stigmatizes transgender persons as inherently unfit, and its conclusions bear no relation to fact,” wrote Reyes. 

In Trump’s Jan 26 executive order, he declared:

“Expressing a false ‘gender identity’ divergent from an individual’s sex cannot satisfy the rigorous standards necessary for military service…A man’s assertion that he is a woman, and his requirement that others honor this falsehood, is not consistent with the humility and selflessness required of a service member.”  

Her injunction against the ban was no surprise, given her testy exchanges with DOJ attorneys at a hearing earlier this month. “You would agree with me that calling people liars, and lacking integrity, and not able to meet rigorous standards for discipline is insulting: yes or no, or you can’t say?” she asked. In her Monday opinion, Reyes wrote, “The ban at bottom invokes derogatory language to target a vulnerable group in violation of the Fifth Amendment.”

https://x.com/elonmusk/status/1902165417604378748?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1902170142899126736%7Ctwgr%5E5482d9adaf7f5f9c3906c2e03b8b23566e42d00e%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.zer

n and discharging trans service members. “Service members who have a current diagnosis or history of, or exhibit symptoms consistent with, gender dysphoria will be processed for separation from military service,” the DOD said in a court filing. The campaign was to be carried out in two phases. First, the Pentagon had 30 days to create a process for identifying and cataloguing every transgender service member. Discharges were to commence in the next 30 days after that. Discharges were to be “honorable” unless the individual’s record made a lesser classification appropriate. 

“The Department only recognizes two sexes: male and female,” the memo added. “An individual’s sex is immutable, unchanging during a person’s life. All service members will only serve in accordance with their sex.” Out of some 1.3 million active duty service members, trans advocates say there upwards of 15,000 who think they’re transgender, but officials counter that the actual tally is in the low thousands.

While discharges under the new policy had not yet started, life for the military’s lingering transgenders had begun to transition dramatically: 

In the six weeks since Mr. Trump’s executive order was signed, troops say, they have been forced to use the pronouns and conform to the grooming standards of their birth sex, and have been denied medical care, passed over for assignments sent home from deployments and put on administrative leave. – New York Times

The Times is seemingly using the term “medical care” expansively to encompass elective hormonal and surgical interventions to help people with gender dysphoria modify their bodies. Paralleling the military’s approach to the issue, the Department of Veterans Affairs on Monday announced it would stop providing so-called “gender affirming care” for veterans. “If veterans want to attempt to change their sex, they can do so on their own dime,” said Secretary of Veterans Affairs Doug Collins. 

The preliminary injunction against the transgender ban is just the latest of many court rulings thwarting the enactment of Trump policies:

That makes 27 of Trump's decisions blocked by federal judges

2/3 of this Senate will never vote to remove them. Only 53% are GOP, including RINOs

Winning the presidency is not enough to fix fedgov because the Left is more powerful in the US

Solution: help red states secede! pic.twitter.com/3F9cyrGDaz

— state secession (@state_secession) March 19, 2025

GREG HUNTER INTERVIEWING STEVE QUAYLE

.Gold, Earthquakes, Volcanos, War & Evil AI – Explode – Steve Quayle

By Greg Hunter On March 18, 2025 In Political Analysis2 Comments

By Greg Hunter’s USAWatchdog.com

Renowned radio host, filmmaker, book author and archeological dig expert Steve Quayle updates us on the exploding gold and silver price, increasing amounts of earthquakes and volcanos, war and evil AI that wants to take over and destroy humanity.  Let’s start with the gold and silver prices that Quayle says are going much, much higher.  The London Bullion Metals Association (LBMA) defaulted on delivery of physical gold a month ago and more delivery trouble this week.  Quayle explains, “There is no gold in London, Bank of England.  They claim they’ve got plenty of gold.  They don’t, and they won’t allow anybody to see it.  Then there is the situation with the London exchanges (LBMA) where people are getting so upset and furious that they cannot take delivery of their gold.  With paper gold, you should be able to take possession of your gold eventually, but not when there is 150 ounces of paper gold for every physical ounce of gold that exists.  We are talking about a trillion-dollar domino that has hit the market.  My question is how soon will it be until it hits the US market? . . . The future price of gold can go ballistic. . . . It will have to explode up.”

Quayle has another warning about increasing volcano and earthquake activity.  Quayle, who produced “Cascadia: The Big One” a few years back, predicted the West Coast of the US and, in particular, the Pacific Northwest would be hit and hit hard.  “The Cascade Region of the Northwestern Coast of the USA boasts 11 of the 18 most dangerous volcanoes,” says Quayle.  Increasing seismic activity has been recorded in the last several months, and more is coming, according to Quayle.  Quayle says, “They are not talking about an 8.0 earthquake on the Cascadia Subduction Zone . . . They are talking about a 9.0 to 10.5.  Some of the scientists we talked to said we can’t go on record and say this, but they tell me we have never seen an earthquake like the one we are going to get. . . . What comes after the earthquakes?  Complete economic collapse.”

When it comes to war, Quayle agrees with Martin Armstrong when he says Europe is headed for war with Russia.  Quayle also says, “I don’t believe we are further away from WWIII, I believe we are closer. . . . People think the USA is the biggest dog on the block.  We are not because the woke brokenness destroyed the military from within.  What that did not destroy, the CV19 vax shots did.  We can’t catch up because we do not have the industrial base.”

Don’t expect artificial intelligence (AI) to come to the rescue and save the economy or humanity.  AI will bring just the opposite.  Quayle warns, “I call AI alien infestation.  When I say alien, I am not talking about little green men.  I am talking about supernatural evil.  People say inanimate objects can’t be possessed, and I say, oh yes, they can.  They are uncovering demonic entities (using AI).  The only way to put this in context is putting it into the concept of fallen angels. . . . I said that AI from its inception would lead to the extinction of the human race.  I wrote a couple of books about it:  ‘Genetic Armageddon Today’s Technology Tomorrow’s Monsters.’ (This book was updated by replaced by “Terminated: The end of man is here.”) . . .  We are in a time that Jesus said there was never a time like it and would never be again.  If God the Father did not shorten the days for the elect’s sake, there would be no flesh left alive.”

Jesus also said, “For the sake of the elect, the days shall be shortened.”

There is much more in the 71-minute interview.

END

Trump Fires Democrat FTC Commissioner

Wednesday, Mar 19, 2025 – 03:05 PM

President Trump has fired the two Democrats sitting on the Federal Trade Commission.

Rebecca Slaughter – a former legal advisor to Sen. Chuck Schumer (D-NY), and Alvaro Bedoya – a former Georgetown official, were informed by the White House that the president was terminating their positions at the FTC, which enforces consumer protection and antitrust laws. The Commission typically has five members, with the president’s party holding three seats and the opposing party two.

Slaughter and Bedoya say they plan to challenge their dismissals in court.

“Today the president illegally fired me from my position as a federal trade commissioner, violating the plain language of a statute and clear Supreme Court precedent,” said Slaughter, who Trump nominated to the FTC during his first term in 2018. “Why? Because I have a voice. And he is afraid of what I’ll tell the American people.”

Bedoya wrote on social media, “I’m a commissioner at the Federal Trade Commission. The president just illegally fired me,” adding that Trump wants the FTC to be “a lapdog for his golfing buddies.”

I am a commissioner at the Federal Trade Commission. The president just illegally fired me. This is corruption plain and simple. My full statement: pic.twitter.com/12HPZsbLTP

— Alvaro Bedoya (@BedoyaFTC) March 18, 2025

“We are still commissioners. We’re suing to make that clear for everyone,” Bedoya said in a follow-up statement reported by Fox News.

FTC Chairman Andrew Ferguson, a Republican first appointed by President Biden and recently made chairman by Trump, said he sees no issues with the firings.

“President Donald J. Trump is the head of the executive branch and is vested with all of the executive power in our government,” Ferguson wrote. “I have no doubts about his constitutional authority to remove commissioners, which is necessary to ensure democratic accountability for our government.”

“I wish Commissioners Slaughter and Bedoya well, and I thank them for their service,” he added.

pic.twitter.com/vzKfk0bsb7

— Andrew Ferguson (@AFergusonFTC) March 18, 2025

The FTC firings are set to become yet another test to the limits of Trump’s executive authority, as Democrats who don’t get their way can simply go venue shopping for an activist judge who will halt, even if temporarily, various decisions by the executive branch.

Last week, US District Court Judge James Boasberg issued a 14-day restraining order to immediately halt several planes full of Tren de Aragua gang members under the Alien Enemies Act of 1798 – which the Trump administration ignored since the planes were over international waters at the time.

*  *  *

Gold, Earthquakes, Volcanos, War & Evil AI – Explode – Steve Quayle

By Greg Hunter On March 18, 2025 In Political Analysis2 Comments

By Greg Hunter’s USAWatchdog.com

Renowned radio host, filmmaker, book author and archeological dig expert Steve Quayle updates us on the exploding gold and silver price, increasing amounts of earthquakes and volcanos, war and evil AI that wants to take over and destroy humanity.  Let’s start with the gold and silver prices that Quayle says are going much, much higher.  The London Bullion Metals Association (LBMA) defaulted on delivery of physical gold a month ago and more delivery trouble this week.  Quayle explains, “There is no gold in London, Bank of England.  They claim they’ve got plenty of gold.  They don’t, and they won’t allow anybody to see it.  Then there is the situation with the London exchanges (LBMA) where people are getting so upset and furious that they cannot take delivery of their gold.  With paper gold, you should be able to take possession of your gold eventually, but not when there is 150 ounces of paper gold for every physical ounce of gold that exists.  We are talking about a trillion-dollar domino that has hit the market.  My question is how soon will it be until it hits the US market? . . . The future price of gold can go ballistic. . . . It will have to explode up.”

Quayle has another warning about increasing volcano and earthquake activity.  Quayle, who produced “Cascadia: The Big One” a few years back, predicted the West Coast of the US and, in particular, the Pacific Northwest would be hit and hit hard.  “The Cascade Region of the Northwestern Coast of the USA boasts 11 of the 18 most dangerous volcanoes,” says Quayle.  Increasing seismic activity has been recorded in the last several months, and more is coming, according to Quayle.  Quayle says, “They are not talking about an 8.0 earthquake on the Cascadia Subduction Zone . . . They are talking about a 9.0 to 10.5.  Some of the scientists we talked to said we can’t go on record and say this, but they tell me we have never seen an earthquake like the one we are going to get. . . . What comes after the earthquakes?  Complete economic collapse.”

When it comes to war, Quayle agrees with Martin Armstrong when he says Europe is headed for war with Russia.  Quayle also says, “I don’t believe we are further away from WWIII, I believe we are closer. . . . People think the USA is the biggest dog on the block.  We are not because the woke brokenness destroyed the military from within.  What that did not destroy, the CV19 vax shots did.  We can’t catch up because we do not have the industrial base.”

Don’t expect artificial intelligence (AI) to come to the rescue and save the economy or humanity.  AI will bring just the opposite.  Quayle warns, “I call AI alien infestation.  When I say alien, I am not talking about little green men.  I am talking about supernatural evil.  People say inanimate objects can’t be possessed, and I say, oh yes, they can.  They are uncovering demonic entities (using AI).  The only way to put this in context is putting it into the concept of fallen angels. . . . I said that AI from its inception would lead to the extinction of the human race.  I wrote a couple of books about it:  ‘Genetic Armageddon Today’s Technology Tomorrow’s Monsters.’ (This book was updated by replaced by “Terminated: The end of man is here.”) . . .  We are in a time that Jesus said there was never a time like it and would never be again.  If God the Father did not shorten the days for the elect’s sake, there would be no flesh left alive.”

Jesus also said, “For the sake of the elect, the days shall be shortened.”

There is much more in the 71-minute interview.

There is an 8-minute video to explain how easy it is to ride out any terror attack or extreme storm. You can get more information on Starlink and Sat phones too at Sat123.com or BeReady123.com.  You call 1-855-980-5830 and talk to a real human.

Join Greg Hunter of USAWatchdog.com as he goes one-on-one with Steve Quayle, who talks about massive upheaval coming to America from many angles for 3.18.25.

After the Interview:

Again, there is an 8-minute video to explain how easy it is to use a solar power battery backup.

Get the solar powered generator, Sat Phone or Starlink you need at Sat123.com or BeReady123.com.

Live tech experts and salespeople are standing by to answer your questions during normal business hours.   Call 1-855-980-5830.

There is an 8-minute video to explain how easy it is to ride out any terror attack or extreme storm. You can get more information on Starlink and Sat phones too at Sat123.com or BeReady123.com.  You call 1-855-980-5830 and talk to a real human.

Join Greg Hunter of USAWatchdog.com as he goes one-on-one with Steve Quayle, who talks about massive upheaval coming to America from many angles for 3.18.25.

After the Interview:Gold, Earthquakes, Volcanos, War & Evil AI – Explode – Steve Quayle

By Greg Hunter On March 18, 2025 In Political Analysis2 Comments

By Greg Hunter’s USAWatchdog.com

Renowned radio host, filmmaker, book author and archeological dig expert Steve Quayle updates us on the exploding gold and silver price, increasing amounts of earthquakes and volcanos, war and evil AI that wants to take over and destroy humanity.  Let’s start with the gold and silver prices that Quayle says are going much, much higher.  The London Bullion Metals Association (LBMA) defaulted on delivery of physical gold a month ago and more delivery trouble this week.  Quayle explains, “There is no gold in London, Bank of England.  They claim they’ve got plenty of gold.  They don’t, and they won’t allow anybody to see it.  Then there is the situation with the London exchanges (LBMA) where people are getting so upset and furious that they cannot take delivery of their gold.  With paper gold, you should be able to take possession of your gold eventually, but not when there is 150 ounces of paper gold for every physical ounce of gold that exists.  We are talking about a trillion-dollar domino that has hit the market.  My question is how soon will it be until it hits the US market? . . . The future price of gold can go ballistic. . . . It will have to explode up.”

Quayle has another warning about increasing volcano and earthquake activity.  Quayle, who produced “Cascadia: The Big One” a few years back, predicted the West Coast of the US and, in particular, the Pacific Northwest would be hit and hit hard.  “The Cascade Region of the Northwestern Coast of the USA boasts 11 of the 18 most dangerous volcanoes,” says Quayle.  Increasing seismic activity has been recorded in the last several months, and more is coming, according to Quayle.  Quayle says, “They are not talking about an 8.0 earthquake on the Cascadia Subduction Zone . . . They are talking about a 9.0 to 10.5.  Some of the scientists we talked to said we can’t go on record and say this, but they tell me we have never seen an earthquake like the one we are going to get. . . . What comes after the earthquakes?  Complete economic collapse.”

When it comes to war, Quayle agrees with Martin Armstrong when he says Europe is headed for war with Russia.  Quayle also says, “I don’t believe we are further away from WWIII, I believe we are closer. . . . People think the USA is the biggest dog on the block.  We are not because the woke brokenness destroyed the military from within.  What that did not destroy, the CV19 vax shots did.  We can’t catch up because we do not have the industrial base.”

Don’t expect artificial intelligence (AI) to come to the rescue and save the economy or humanity.  AI will bring just the opposite.  Quayle warns, “I call AI alien infestation.  When I say alien, I am not talking about little green men.  I am talking about supernatural evil.  People say inanimate objects can’t be possessed, and I say, oh yes, they can.  They are uncovering demonic entities (using AI).  The only way to put this in context is putting it into the concept of fallen angels. . . . I said that AI from its inception would lead to the extinction of the human race.  I wrote a couple of books about it:  ‘Genetic Armageddon Today’s Technology Tomorrow’s Monsters.’ (This book was updated by replaced by “Terminated: The end of man is here.”) . . .  We are in a time that Jesus said there was never a time like it and would never be again.  If God the Father did not shorten the days for the elect’s sake, there would be no flesh left alive.”

Jesus also said, “For the sake of the elect, the days shall be shortened.”

There is much more in the 71-minute interview.

There is an 8-minute video to explain how easy it is to ride out any terror attack or extreme storm. You can get more information on Starlink and Sat phones too at Sat123.com or BeReady123.com.  You call 1-855-980-5830 and talk to a real human.

Join Greg Hunter of USAWatchdog.com as he goes one-on-one with Steve Quayle, who talks about massive upheaval coming to America from many angles for 3.18.25.

After the Interview: https://usawatchdog.com/gold-earthquakes-volcanos-war-evil-ai-explode-steve-quayle/

Again, there is an 8-minute video to explain how easy it is to use a solar power battery backup.

Get the solar powered generator, Sat Phone or Starlink you need at Sat123.com or BeReady123.com.

Live tech experts and salespeople are standing by to answer your questions during normal business hours.   Call 1-855-980-5830.