GOLD CLOSED UP $36.70 TO $3,117,65
SILVER CLOSED DOWN $0.28 TO $33.98
GOLD ACCESS CLOSED 3123.60
Silver ACCESS CLOSED: $34.06
Bitcoin morning price:$82097 DOWN 1567 DOLLARS.
Bitcoin: afternoon price: $82987 DOWN 677 DOLLARS
Platinum price closing UP $12.60 TO $996.95
Palladium price; UP $12.35 TO $988.55
END
*CANADIAN GOLD: $4493.62 UP 84.00 CDN dollars per oz( * NEW ALL TIME HIGH 4493.62 CDN DOLLARS PER OZ//MARCH 31 2025)
*BRITISH GOLD: 2417.98 UP 34.04 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,417.98 BRITISH POUNDS/OZ) MARCH 31/2025
*EURO GOLD: 2,888.55 UP 39.75 Euros per oz //* (ALL TIME CLOSING HIGH: 2,888.55 EUROS PER OZ/MARCH 31 //2025)
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: APRIL 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 3,086.500000000 USD
INTENT DATE: 03/28/2025 DELIVERY DATE: 04/01/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 30 52
072 H GOLDMAN 4334
092 C DEUTSCHE BANK 260
099 H DB AG 1675
104 C MIZUHO 5
118 C MACQUARIE FUT 926
132 C SG AMERICAS 658
159 C MAREX CAPITAL M 13
167 C MAREX 18
190 H BMO CAPITAL 10922
285 C NANHUA USA-HK 94
323 C HSBC 1600 433
323 H HSBC 4299
332 H STANDARD CHARTE 3044
357 C WEDBUSH 1
363 C WELLS FARGO SEC 89
363 H WELLS FARGO SEC 889
393 C CLEAR STREET LL 24
435 H SCOTIA CAPITAL 5
DLV615-T CME CLEARING
BUSINESS DATE: 03/28/2025 DAILY DELIVERY NOTICES RUN DATE: 03/28/2025
PRODUCT GROUP: METALS RUN TIME: 21:42:30
555 C BNP PARIBAS SEC 1369
555 H BNP PARIBAS SEC 3788
624 C BOFA SECURITIES 22
624 H BOFA SECURITIES 2092
657 C MORGAN STANLEY 228 1062
657 H MORGAN STANLEY 8736 142
661 C JP MORGAN 628 13023
661 H JP MORGAN 684
686 C STONEX FINANCIA 85
690 C ABN AMRO 597
700 C UBS 100 324
709 C BARCLAYS 948
709 H BARCLAYS 1899
732 C RBC CAP MARKETS 917
732 H RBC CAP MARKETS 145
737 C ADVANTAGE 17
880 H CITIGROUP 3436
905 C ADM 45 72
TOTAL: 34,865 34,865
JPMORGAN stopped 13,023/34,805 contracts
GOLD: NUMBER OF NOTICES FILED FOR APRIL/2024. CONTRACT: 34,865 NOTICES FOR 3,486,600 OZ 108.444 TONNES
total notices so far: 3,486,500 contracts for 3,486,500 Oz (108.444 tonnes)
FOR APRIL
XXXXXXXXXXXXXXXXXX
SILVER NOTICES: 847 NOTICE(S) FILED FOR 4.235 MILLION OZ/
total number of notices filed so far this month : 847 CONTRACTS (NOTICES) for 4.235 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 $36.70 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD//
INVENTORY RESTS AT 931.94 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $.28 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: //A DEPOSIT OF 0.9100 MILLION OZ FROM THE SLV//
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 448.332 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUGE 1997 CONTRACTS TO 174,484 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR LOSS OF $0,21 IN SILVER PRICING AT THE COMEX WITH RESPECT TO FRIDAY’S TRADING. WE HAD A HUGE SIZED GAIN OF 2397 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR LOSS IN PRICE//FRIDAY’S TRADING.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS PLUS SOME MONTH END SPREADER LIQUIDATION ON FRIDAY 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 SUCCEEDED SLIGHTLY ON FRIDAY WITH SILVER’S LOSS IN PRICE AS THE PRICE FELL BELOW THE MAGIC NUMBER OF $34.40 SILVER SPOT PRICE. WE HAD A HUGE T.A.S. LIQUIDATION AND FINALIZATION OF MONTH END SPREADER LIQUIDATION FRIDAY. BUT THIS WAS COUPLED WITH A STRONG T.A.S. ISSUANCE OF 872 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 CONTINUE UNTIL SILVER BREAKS $34.40. WE HAVE A HUGE CONTANGO IN SILVER SPOT VS FRONT FEB OF AROUND $0.99 AND A LEASE RATE OF 7.3%. WE HAD A STRONG 400 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR STRONG 892 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN MONDAY’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 SIZED 2397 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE. WE HAD CONSIDERABLE TAS LIQUIDATION/MONTH END SPREADER LIQUIDATION THROUGHOUT FRIDAY’S COMEX TRADING SESSION WHICH ACCOUNTS FOR A HUGE PORTION IN THE NUMBERS 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 $34.40 . 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 FRIDAY NIGHT/SATURDAY MORNING: A STRONG 892 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.21 BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A HUGE GAIN IN PRICE AND A GAIN IN OPEN INTEREST FROM OUR TWO EXCHANGES OF 2397 CONTRACTS. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS//MONTH END SPREADERS TRYING TO CONTAIN SILVER’S PRICE RISE AND THAT ACCOUNTS FOR ALL OF OUR OPEN INTEREST GAINS.
WE HAD A 400 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 17.515 MILLION OZ (FIRST DAY NOTICE)
INITIAL STANDING FOR APRIL STANDS AT 17.515 MILLION OZ
WE HAD:
/ MEGA HUGE COMEX OI GAIN+// A STRONG SIZED EFP ISSUANCE (400 CONTRACTS)/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 892 CONTRACTS)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED A WHOPPPING 1217 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS MAR. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAR
TOTAL CONTRACTS for 21 DAYS, total 13,404 contracts: OR 67.020 MILLION OZ (638 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 67.020 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: 67.020 MILLION OZ///QUITE SMALL AND BECOMING SMALLER EACH AND EVERY MONTH.
APRIL
XXXXXXXXXXXXXXXXXXXXXXXXXXXX
RESULT: WE HAD A MEGA HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1997 CONTRACTS DESPITE OUR LOSS IN PRICE OF 21 CENTS IN SILVER PRICING AT THE COMEX// FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG 400 CONTRACT EFP ISSUANCE CONTRACTS: 400 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 APRIL OF 17.515 MILLION OZ ON FIRST DAY NOTICE,
NEW STANDING APRIL: 17.515 MILLION OZ
WE HAVE 1). A MEGA HUMONGOUS SIZED GAIN OF 2397 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN PRICE// 2.THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE 892 CONTRACTS TRYING DESPERATELY TO CONTAIN SILVER’S PRICE RISE,//CONSIDERABLE FRONT END OF THE TAS CONTRACTS/MONTH END SPREADERS WERE LIQUIDATED DURING THE FRIDAY COMEX SESSION. HOWEVER THEY STILL NEED THESE ISSUANCES FOR REPLENISHMENT FOR FUTURE TRADING //3. ZERO NET LONG SPECULATORS WERE BURNED ON FRIDAY DESPITE OUR LOSS IN PRICE. ALSO 4. SOME OF OUR LONGS EXERCISED THEIR CONTRACTS AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE FRIDAY NIGHT (892 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND MOST LIKELY TODAY.
WE HAD 847 NOTICE(S) FILED TODAY FOR 4.235 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 VERY STRONG SIZED 13,558 OI CONTRACTS TO 574,824 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: ADDED A MEGA MEGA HUMONGOUS SIZED 42,599 CONTRACTS//. THIS IS THE HIGHEST ADDED ADJUSTMENT IN COMEX HISTORY.
WE HAD A MEGA HUMONGOUS SIZED INCREASE IN COMEX OI (62,187 CONTRACTS) OCCURRED WITH OUR HUGE STRONG GAIN OF $42.45 IN PRICE FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUMONGOUS INITIAL STANDING IN GOLD TONNAGE FOR APRIL AT 331.763 TONNES TO WHICH WE ADD FOR APRIL ITS INITIAL 700 CONTRACT EXCHANGE FOR RISK FOR 70,000 OZ OR 2.177 TONNES. THUS INITIAL STANDING FOR GOLD/APRIL DELIVERY MONTH IS 333.763 TONNES.
/NEW STANDING FOR APRIL; 173.804 TONNES + 2.177 TONNES EX FOR RISK= 175.981 TONNES
/ ALL OF THIS HAPPENED WITH OUR $42.45 GAIN IN PRICE WITH RESPECT TO FRIDAY’S COMEX ///. WE HAD AN ATMOSPHERIC SIZED GAIN OF 64,736 OI CONTRACTS (201.36 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 MARCH CONTRACT MONTH AND NOW FOR OUR FRONT MONTH OF APRIL. CENTRAL BANKERS ARE NOW WAITING PATIENTLY FOR THEIR DELIVERY OF GOLD VIA SLOW MOVING SHIPS.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 2549 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 512,637
IN ESSENCE WE HAVE A MEGA HUMONGOUS SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 64,736 CONTRACTS WITH 62,187 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 2549 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 64,736 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A GOOD SIZED AND CRIMINAL 1742 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A GOOD SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2549 CONTRACTS) ACCOMPANYING THE A MEGA HUGE SIZED INCREASE IN COMEX OI OF 62,187 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 64,736 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 APRIL 331,763 TONNES FOLLOWED BY TODAY’S INITIAL 2.177 TONNES OF EX. FOR RISK//THUS INITIAL AMOUNT OF GOLD STANDING IN THIS VERY ACTIVE DELIVERY MONTH OF APRIL IS 333.763 TONNES.
//
//NEW STANDING APRIL: 331,763 TONNES + 2.177 TONNES EX FOR RISK = 333.763 TONNES
.
/ 3) HUGE T.A.S. LIQUIDATION + MONTH END SPREADERS TRYING TO LOWER GOLD’S PRICE FRIDAY WITH ZERO SUCCESS IN REMOVING NET SPECULATOR LONGS, AS WE HAD 1) $42.45 COMEX PRICE GAIN AND WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD AN ATMOSPHERIC GAIN OF 64,736 CONTRACTS ON OUR TWO EXCHANGES (ALL DUE TO T.A.S. LIQUIDATION/MONTH END SPREADERS ) ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED FRIDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL AND THUS OUR HUGE TONNAGE STANDING FOR GOLD IN APRIL. ALL OF THE GAIN IN OI WAS DUE TO THE HUGE NUMBER OF T.A.S. LIQUIDATION/MONTH END SPREADER LIQUIDATION FRIDAY.
4) VERY STRONG SIZED COMEX OPEN INTEREST INCREASE 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///GOOD T.A.S. ISSUANCE: 1742 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: 42,067 CONTRACTS OF 4,206,700 OZ OR 130.84 TONNES IN 21 TRADING DAY(S) AND THUS AVERAGING: 1976 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 21 TRADING DAY(S) IN TONNES 130.84 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 130.84 DIVIDED BY 3550 x 100% TONNES = 3.68% 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 130.84 TONNES//QUITE SMALL THIS MONTH.
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF 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 HUGE SIZED 1997 CONTRACTS OI TO 174,494 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 1400 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 400 and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 400 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 1997 CONTRACTS AND ADD TO THE 400 E.FP. ISSUED
WE OBTAIN A MEGA HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 2397 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 5.90 MILLION OZ
OCCURRED DESPITE OUR $0.21 LOSS IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS MONDAY MORNING//SUNDAY NIGHT
SHANGHAI CLOSED DOWN 15.56 PTS OR 0.46%
//Hang Seng CLOSED
// Nikkei CLOSED DOWN 1562.77 OR 4.05 %//Australia’s all ordinaries CLOSED DOWN 1.74%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2536 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2597/ Oil DOWN TO 69.44 dollars per barrel for WTI and BRENT DOWN TO 72.89 Stocks in Europe OPENED ALL MOSTLY RED.
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
END
ASIA TRADING MONDAY MORNING/SUNDAY 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
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A MEGA HUGE SIZED 62,187 CONTRACTS TO 574,824 WITH OUR HUGE GAIN IN PRICE OF $42.45 WITH RESPECT TO FRIDAY’S TRADING/. WE LOST ZERO NET LONGS WITH THAT PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2549 ).
THE CME ANNOUNCED FRIDAY NIGHT,A MASSIVE 700 EXCHANGE FOR RISK CONTRACTS FOR 70,000 OZ OR 2.177 TONNES FOR ITS INITIAL ISSUANCE FOR THE FRONT MONTH OF APRIL.
THE TOTAL NO. OF EXCHANGE FOR RISK ISSUANCE FOR THE MONTH OF MARCH (3 NOTICES) EQUALED: 7.6179 TONNES OF GOLD WHICH WAS ADDED TO OUR MARCH DELIVERY TOTALS.
IN FEBRUARY: WE HAD FIVE EXCHANGE FOR RISKS IN GOLD, TOTALLING 18.4527 TONNES!.
THE RECIPIENT OF ALL OF THESE EXCHANGE FOR RISK CONTRACTS IS THE BANK OF ENGLAND WHO DESPERATELY WANT THEIR LEASED GOLD BACK. THUS WE HAVE TWO SEPARATE ENTITIES (CENTRAL BANKS) DEMANDING THEIR GOLD BACK:
- THE BANK OF ENGLAND
- THE FEDERAL RESERVE BANK OF NEW YORK
THE COUNTERPARTY TO THE BANK OF ENGLAND’S EXCHANGE FOR RISK ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED AND THUS THE BUYER, THE CENTRAL BANK OF ENGLAND, ASSUMES THE RISK OF THAT DELIVERY. THIS IS THE 5TH CONSECUTIVE MONTH FOR ISSUANCE OF EXCHANGE FOR RISK !!.
DETAILS ON APRIL COMEX MONTH
IN TOTAL WE HAD A MEGA HUGE SIZED GAIN ON OUR TWO EXCHANGES OF 64,730 CONTRACTS WITH OUR HUGE GAIN IN PRICE. OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON FRIDAY NIGHT AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTEMPTED AND FAILED 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 FRIDAY INCLUDING WITH OUR STRONG T.A.S. ISSUANCES AND HUGE T.A.S. LIQUIDATION// THROUGHOUT THE WEEK. THEY ISSUED FRIDAY NIGHT A GOOD SIZED 1742 CONTRACTS. THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS IS WHY WE ARE HAVING A LOWER COMEX OPEN INTEREST GAINS AND LOSSES IN OI BUT THIS IS COUPLED WITH MEGA HUGE AMOUNTS OF GOLD STANDING FOR DELIVERY TO CONFUSE THE ISSUE!!!!! AND THIS WAS SURELY ON DISPLAY WITH FIRST DAY NOTICE TOTALS.
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 211 212 213,215 AND FRIDAY’S 216 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 THREE 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, AND THE MASSIVE AMOUNT OF GOLD STANDING EACH AND EVERY MONTH INCLUDING TODAY’S FIRST DAY NOTICE OF GOLD TONNAGE STANDING.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF APRIL .… THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG SIZED 2549 EFP CONTRACTS WERE ISSUED: : /APRIL 2549 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2549 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 MEGA HUGE SIZED TOTAL OF 64,736 CONTRACTS IN THAT 2549 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A HUMONGOUS GAIN OF 62,187 COMEX CONTRACTS..AND THIS GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR HUGE GAIN IN PRICE OF $42.45 FOR FRIIDAY/ COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AT THE COMEX AS MENTIONED ABOVE. MUCH+ OF THE TOTAL GAIN IN OUR TWO EXCHANGES WAS DUE TO THE LIQUIDATION OF T.A.S. CONTRACTS.(GOVERNMENT) AND MONTH END SPREADERS!
T.A.S. ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIIDAY NIGHT/SATURDAY MORNING WAS A GOOD SIZED 1742 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 ,FOR MARCH, WE HAD+ ANOTHER 5 DAY MEGA ISSUANCE BUT CORRESPONDING MEGA RAIDS FAILED TO MATERIALIZE. I WOULD LIKE TO POINT OUT THAT LAST WEDNESDAY MARCH 17, THE 38,393 T.A.S. CONTRACT ISSUANCE WAS THE HIGHEST ON RECORD!
THE RAIDS ON OPTIONS EXPIRY DOES TWO IMPORTANT THINGS FOR OUR CROOKS:
- STALLS THE ADVANCE IN PRICE
- LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
MECHANICS OF T.A.S CONTRACTS/DECEMBER THROUGH MARCH AND APRIL.
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. AND THEN, FOR THE FIRST TIME IN COMEX HISTORY WE WITNESSED THREE CONSECUTIVE MONTHS OF MEGA HUGE 30,000 + 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: APRIL (175.981 TONNES) WHICH IS HUGE FOR OUR ACTIVE APRIL DELIVERY MONTH / FEB HAD THE HIGHEST STANDING FOR GOLD EVER RECORDED FOR ANY MONTHAT 256.607 TONNES
AND NOW APRIL:
YEAR 2025:
JAN 2025: 113.30 TONNES
FEB: 2025: 256.607 TONNES (WHICH INCLUDES 18.4567 TONNES OF EX FOR RISK)
MARCH:
STANDING FOR GOLD : 60.33 TONNES + 7.6179 TONNES EX FOR RISK = 67.9479 TONNES WHICH IS EXTREMELY HIGH FOR A NON DELIVERY MONTH.
APRIL:
STANDING FOR GOLD: 331.763 TONNES + 2.177 TONNES EX FOR RISK = 333.940 TONNES
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HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 51 MONTHS OF 2021-2025:
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. THIS IS THE HIGHEST EVER MONTH FOR GOLD STANDING IN COMEX HISTORY
MARCH: 67.9479 TONNES (INCLUDES 7.6179 TONNES EX FOR RISK)
APRIL: 333.940 TONNES (INCLUDES 2.177 TONNES EX FOR RISK)
COMEX GOLD TRADING/MARCH CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $42.45/)/AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A MEGA HUMONGOUS SIZED GAIN IN OUR TWO EXCHANGES. AND AS EXPLAINED ABOVE WE HAD HUGE T.A.S. SPREADER LIQUIDATION FRIDAY AS WELL AS FINALIZATION OF MONTH END SPREADER LIQUIDATION/ AS THEY WERE TRYING TO QUELL GOLD’S ATTEMPT AT FURTHER INCREASES ABOVE $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 AT 3116 PLUS.
LAST NIGHT/FRIDAY MORNING
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL FRIDAY EVENING/SATURDAY 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/FEB THROUGH MARCH/APRIL TRADING
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,FEB 4 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 WAS ADDED TO OUR REGULAR DELIVERIES THROUGH THE MONTH.
EXCHANGE FOR RISK CONTRACTS/MONTH FOR MARCH
EARLY IN THE DELIVERY CYCLE 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 WAS ADDED TO OUR NORMAL DELIVERY TOTAL.
MARCH ISSUES IT’S THIRD EXCHANGE FOR RISK:
TOTAL ISSUANCE OF EXCHANGE FOR RISK MARCH 28 TOTALS 2200 CONTRACTS FOR 6.8429 TONNES OF GOLD. PRIOR ISSUANCE: .7775 TONNES. THUS TOTAL EXCHANGE FOR RISK FOR MARCH : 7.6179 TONNES OF GOLD. MARCH BECOMES THE 4TH CONSECUTIVE MONTH FOR EXCHANGE FOR RISK ISSUANCE.
NOW APRIL, ISSUES ITS FIRST EXCHANGE FOR RISK:
TOTAL ISSUANCE FOR EXCHANGE FOR RIS ON FIRST DAY NOTICE OF 700 CONTRACTS FOR 70,000 OZ OR 2.177 TONNES OF GOLD. APRIL ISSUANCE MEANS WE NOW HAVE 5 CONSECUTIVE MONTHS FOR EXCHANGE FOR RISK. THESE DELIVERIES WILL BE ADDED TO OUR NORMAL DELIVERY CYCLE.
STANDING NOW FOR APRIL:
APRIL: 331.763 TONNES +(2.177 EX FOR RISK// MARCH 31 FOR APRIL DELIVERY MONTH =331.904 TONNES OF THE GOLD. THIS IS THE 2ND HIGHEST AMOUNT OF DELIVERY GOLD WHICH FOLLOWS THE HIGHEST EVER GOLD DELIVERY BEING FEB 2025 AT 256.607 TONNES..
ANALYSIS APRIL DELIVERY MONTH FIRST DAY NOTICE;
WE HAVE GAINED A MEGA HUMONGOUS SIZED TOTAL OF 201.36 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR APRIL (331,763TONNES) ON FIRST DAY NOTICE FOLLOWED BY OUR INITIAL EXCHANGE FOR RISK ISSUANCE TO THE BANK OF ENGLAND FOR 700 CONTRACTS OR 70,000 OZ (2.177 TONNES). THIS TOTAL IS NOW ADDED TO OUR NORMAL DELIVERY OF 331.940 TONNES AND THUS INITIAL STANDING FOR GOLD FOR APRIL IS 333.940 TONNES, THE HIGHEST EVER RECORDED!
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $42.45
WE HAD 48,599 CONTRACTS ADDED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL. THIS IS THE HIGHEST EVER ADJUSTMENT IN COMEX HISTORY
NET GAIN ON THE TWO EXCHANGES 64,736 CONTRACTS OR 6,473,600 0Z (201.36 TONNES)
confirmed volume FRIDAY 250,631.176 contracts: good///
//speculators have left the gold arena
END
APRIL
// THE APRIL 2025 GOLD CONTRACT
MARCH 31
INITIAL
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 0 entry . zero entry |
| Deposit to the Dealer Inventory in oz | 3 ENTRIES i) Into ASAHI dealer 64,134.893 oz ii) Into Brinks dealer 12,860.400 oz 400 kilobars) iii) Into Loomis dealer 32,118.849 oz (999 kilobars) total weight 107,114.142 tonnes or 3.331 tonnes total weight in tonnes: 3.331 tonnes |
| Deposits to the Customer Inventory, in oz | we have 4 customer entries we have 4 customer deposits i) into Brinks 160,787.151 oz 5001 kilobars ii) Into Brinks enhanced; 159,650.875 oz or400 London good delivery bars of 400 oz each iii) Into Loomis 32.151 oz or one kilobar iv) Into Manfra 29,653.194 oz (9.2233 tonnes) total weight 350,123.371 oz (9.2233 tones total weight dealer and customer; 12.5543 tonnes xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 34,865 notice(s) 3,486500 OZ 108.444 TONNES |
| No of oz to be served (notices) | 71,797 contracts 7,179,700 OZ 223.31 TONNES |
| Total monthly oz gold served (contracts) so far this month | 3,486,500 notices 3,486,500 oz 108.444 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:
dealer deposits: 3
3 ENTRIES
i) Into ASAHI dealer 64,134.893 oz
ii) Into Brinks dealer 12,860.400 oz 400 kilobars)
iii) Into Loomis dealer 32,118.849 oz (999 kilobars)
total weight 107,114.142 tonnes or 3.331 tonnes
total weight in tonnes: 3.331 tonnes
xxxxxxxxxxxxxxxxxxxxx
deposits customer
we have 4 customer deposits
we have 4 customer deposits
i) into Brinks 160,787.151 oz 5001 kilobars
ii) Into Brinks enhanced; 159,650.875 oz
or400 London good delivery bars of 400 oz each
iii) Into Loomis 32.151 oz or one kilobar
iv) Into Manfra 29,653.194 oz (9.2233 tonnes)
total weight 350,123.371 oz (9.2233 tones
total weight dealer and customer; 12.5543 tonnes
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: 0
xxxxxxxxxxxxxxxxxx
adjustments: customer to dealer: 3 entries
i) Brinks: 136,641,750 oz
ii) JPMorgan 32,119.849 oz
iii) Loomis 32,215..302 oz
total weight adjusted 200,,975.901 oz or 6.25 tonnes
AMOUNT OF GOLD STANDING FOR APRIL
THE FRONT MONTH OF APRIL HAD A GAIN OF ONLY 45,420 CONTRACTS TO STAND AT 106,662.
THUS BY DEFINITION, THE INITIAL AMOUNT OF GOLD STANDING FOR APRIL IS AS FOLLOWS:
106,662 NOTICES X 100 OZ PER NOTICE EQUALS 1,0666,200 OZ OR 331.940 TONNES OF GOLD
THEN WE MUST ADD OUR INITIAL ISSUANCE OF EXCHANGE FOR RISK OF 700 CONTRACTS FOR 70,000 OZ OR 2.177 TONNES
THUS, OUR INITIAL GOLD STANDING FOR APRIL IS MUCH HIGHER THAN I EXPECTED AT 331,763 + 2.177 TONNES OR 333.940 TONNES
I WROTE THIS ON FRIDAY:
“APRIL WILL BE A DANDY DELIVERY MONTH!!! CERTAINLY OVER 120 TONNES OF GOLD”
I WAS A “LITTLE OFF!!”
MAY GAINED 104 CONTRACTS UP TO 3642.
JUNE GAINED A STRONG 16,556 CONTRACTS AND JUNE WILL NO DOUBT BE A WHOPPER OF A DELIVERY MONTH IF THERE IS GOLD TO BE DELIVERED UPON.
We had 34,865 contracts filed for today representing 3,486,500 oz
This is a huge major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and628 notices issued from their client or customer account. The total of all issuance by all participants equate to 34,865 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 13,023 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for APRIL /2025. contract month, we take the total number of notices filed so far for the month (34,865 X 100 oz ) to which we add the difference between the open interest for the front month of APRIL (106,662 CONTRACTS) minus the number of notices served upon today (34,865 x 100 oz per contract) equals 10,666,200 OZ OR 331.940 TONNES
to which we add our initial exchange for risk of 70,000 oz (2.177 tonnes) = 333.940 tonnes
thus the INITIAL standings for gold for the APRIL contract month: No of notices filed so far (34,865 x 100 oz +we add the difference for front month of APRIL (106,662 OI} minus the number of notices served upon today (34,865 x 100 oz) which equals 10,666,200 OZ OR 331.763 TONNES + 2.117 tonnes ex for risk = 333.940 tonnes
TOTAL COMEX GOLD STANDING FOR APRIL.: 333.763 TONNES WHICH IS HUGE FOR THIS ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. FEBRUARY HAD THE HIGHEST DELIVERY FOR ANY MONTH AND APRIL 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: 1,972, 118.482 oz 61.34 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 43,806,863.431 .oz
TOTAL REGISTERED GOLD 23,062,545.188 or 717.32 tonnes
TOTAL OF ALL ELIGIBLE GOLD: 20,744,318.443 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 21,090,427oz (REG GOLD- PLEDGED GOLD)= 656.00tonnes //
END
SILVER/COMEX
// THE APRIL 2025 SILVER CONTRACT//INITIAL
MARCH 31
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | withdrawals 1 CNT 8018.25 oz |
| Deposits to the Dealer Inventory | 2 entries/dealer i) Into CNT dealer acct 169,196.800 oz ii) Into ASAHI: 184,732.600 oz total 353,929.400 oz total dealer 353,929.400 oz |
| Deposits to the Customer Inventory | 4 entries i) Into Brinks customer acct 578,744.606 oz ii) Into CNT 242,855.250 oz iii) Into JPMorgan 1,168,662.400 oz iv) Into Loomis: 601,325.210 oz total 2,591,597.466 oz |
| No of oz served today (contracts) | 847 CONTRACT(S) (4.235 MILLION OZ |
| No of oz to be served (notices) | 2656 contracts (13.280 MILLION oz) |
| Total monthly oz silver served (contracts) | 847 Contracts (4.235 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 |
2 entries/dealer
i) Into CNT dealer acct 169,196.800 oz
ii) Into ASAHI: 184,732.600 oz
total 353,929.400 oz
total dealer 353,929.400 oz
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deposits customer side
4 entries
i) Into Brinks customer acct 578,744.606 oz
ii) Into CNT 242,855.250 oz
iii) Into JPMorgan 1,168,662.400 oz
iv) Into Loomis: 601,325.210 oz
total 2,591,597.466 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1 entries
withdrawals 1
CNT
8018.25 oz
ADJUSTMENTs 2 entries// customer to dealer:
LOOMIS: 147,278.230 OZ
II) Manfra: 323,336.918 oz
JPMorgan has a total silver weight: 191.597million oz/472.420oz million or 40.32%
TOTAL REGISTERED SILVER: 153.339 MILLION OZ//.TOTAL REG + ELIGIBLE. 475.357Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR APRIL
silver open interest data:
FRONT MONTH OF APRIL /2025 OI: 3503 OPEN INTEREST CONTRACTS FOR A GAIN OF 1331 CONTRACTS.
THUS BE DEFINITION, THE INITIAL AMOUNT OF SILVER WILLING TO STAND IN THIS NON ACTIVE MONTH OF APRIL IS AS FOLLOWS:
3503 NOTICES X 5000 OZ PER NOTICE = 17.515 MILLION WHICH IS HUGE!
i WROTE ON FRIDAY:
“AND PROBABLY AROUND 10 MILLION OZ WILL STAND FOR DELIVERY AT THE COMEX.”
I BLEW IT AGAIN AS DEMAND FOR SILVER AND FOR THAT MATTER GOLD GOES THROUGH THE ROOF.
MAY SAW A LOSS OF 361 CONTRACTS UP TO 126,336 CONTRACTS
JUNE SAW A GAIN OF 40 CONTRACTS UP TO 1674 CONTRACTS.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 847 or 4.235 MILLION oz
CONFIRMED volume; ON FRIDAY 76,355 huge//
AND NOW APRIL DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in APRIL. we take the total number of notices filed for the month so far at 847 X5,000 oz = 4.235 MILLION oz
to which we add the difference between the open interest for the front month of APRIL (3503) AND the number of notices served upon today (847 )x (5000 oz)
Thus the standings for silver for the APRIL 2025 contract month: (847) Notices served so far) x 5000 oz + OI for the front month of APRIL(3503) minus number of notices served upon today (847)x 5000 oz equals silver standing for the APRIL contract month equating to 14.430 MILLION OZ
New total standing: 17.515 million oz which is huge for this NON active delivery month of APRIL.
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 153.339million 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 31 WITH GOLD UP $31.60 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD. ///INVENTORY RESTS AT 931.94 TONNES
MARCH 28 WITH GOLD UP $31.60 TODAY// SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF .29 TONNES OF GOLD INTO THE GLD. ///INVENTORY RESTS AT 929.65 TONNES
MARCH 27 WITH GOLD UP $31.60 TODAY// SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF .29 TONNES OF GOLD INTO THE GLD. ///INVENTORY RESTS AT 929.65 TONNES
MARCH 26 WITH GOLD UP $31.60 TODAY// NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 929.36 TONNES
MARCH 25 WITH GOLD UP $13.90 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD/ ///INVENTORY RESTS AT 929.07 TONNES
MARCH 24 WITH GOLD DOWN $6.10 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 20.08 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 930.51 TONNES
MARCH 21 WITH GOLD DOWN $20.50 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.15 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 910.43 TONNES
MARCH 20 WITH GOLD UP $3.05 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.01 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 909.28 TONNES
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: 931.94 TONNES, TONIGHTS TOTAL
SILVER
MARCH 31 WITH SILVER DOWN $0.28 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A STRONG DEPOSIT OF 0.91000 MILLION OZ INTO THE SLV//// //INVENTORY AT SLV RESTS AT 448.332 MILLION
MARCH 28 WITH SILVER DOWN $0.21 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV” A STRONG WITHDRAWAL OF 1.092 MILLION OZ FROM THE SLV//// //INVENTORY AT SLV RESTS AT 447.422 MILLION
MARCH 27 WITH SILVER UP $.60 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV” A MASSIVE WITHDRAWAL OF 6.369 MILLION OZ FROM THE SLV//// //INVENTORY AT SLV RESTS AT 448.514 MILLION
MARCH 26 WITH SILVER DOWN $0.21 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV” A MASSIVE WITHDRAWAL OF 6.369 MILLION OZ FROM THE SLV//// //INVENTORY AT SLV RESTS AT 448.514 MILLION
MARCH 25 WITH SILVER UP $0.63 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A MASSIVE DEPOSIT OF 13.649 MILLION OZ INTO THE SLV// //INVENTORY AT SLV RESTS AT 454.883 MILLION
MARCH 24 WITH SILVER UP $0.04 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.728 MILLION OZ FROM THE SLV// //INVENTORY AT SLV RESTS AT 441.234 MILLION
MARCH 21 WITH SILVER DOWN $0.45 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.092 MILLION OZ FROM THE SLV// //INVENTORY AT SLV RESTS AT 442.962 MILLION
MARCH 20 WITH SILVER DOWN $0.15 /NO CHANGES IN SILVER INVENTORY AT THE SLV //INVENTORY AT SLV RESTS AT 444.054 MILLION
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 448.332 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
2. Egon Von Greyerz et al
ZEROHEDGE…
A $100 Million Coin Collection Was “Buried For Decades”; Now It’s Up For Auction
Sunday, Mar 30, 2025 – 09:35 PM
If you’re looking for motivation to take the ole’ metal detector out on the beach and wander around aimlessly today, we might have it for you.
A coin collection buried for over 50 years is expected to bring in more than $100 million at auction, making it likely the most valuable ever sold. Known as the Traveller Collection, it includes coins from over 100 regions, spanning ancient to modern times, CNN reported last week.
The first sale, run by Numismatica Ars Classica, begins May 20, with auctions continuing over the next three years. Experts say the collection’s hidden past—buried underground for decades—makes it especially rare and remarkable.
According to a press release shared with CNN, the anonymous collector behind the Traveller Collection began buying gold coins after the 1929 Wall Street Crash and developed “a taste for coins with great historical interest, beauty and rarity.” Over time, he amassed around 15,000 coins.
The CNN report says in the 1930s, he and his wife traveled across the Americas and Europe, acquiring rare coins and documenting each purchase. As World War II loomed, they buried the collection in aluminum boxes underground, where it remained hidden for 50 years.
“The collection spans all geographical areas and contains exceptionally rare coins often in a state of preservation never seen in modern times,” the release states. Some coins have never appeared at public auction before.
Among the most notable pieces is a massive 100 ducat gold coin from 1629, minted under Ferdinand III of Habsburg. Weighing 348.5 grams, it’s one of the largest European gold coins ever produced.
The auction will also feature an “exceedingly rare” five-piece Toman set, minted in Tehran and Isfahan during the late 1700s and early 1800s by Agha Mohammad Khan Qajar. Only five complete sets are known to exist, including one housed at Oxford’s Ashmolean Museum.
Arturo Russo, director of Numismatica Ars Classica, called the sale “a landmark in the history of numismatics,” citing the range, rarity, and quality of the coins, along with the collection’s unique backstory.
David Guest, a consultant to the collection, added: “Not only was the quality exceptional but many of the coins before me were of types not known to have been offered for sale in over 80 years and, in some cases, completely unrecorded.”
Alasdair Macleod…
Hi Ho, Silver!
Gold’s monetary sibling is not to be ignored. Silver’s technical and supply/demand factors strongly suggest silver will outperform gold. But what will China do?
| Alasdair MacleodMar 31∙Paid |
The technical chart below is about as positive as it can get. It has broken out decisively above the post-covid four-year consolidation (the pecked line). Furthermore, rising moving averages in sequence not only confirm the silver bull market, but they are accelerating higher lending additional support to the price.
Other statistics are equally supportive. It’s just that gold is hogging the limelight, with central banks buying it furiously to get out of fiat dollars. But even if you dismiss silver as an industrial metal, what’s happening to gold is also happening to silver. Furthermore, those who have missed the gold story are likely to pile into silver as the metal that’s been left behind.
Before moving on to more technical factors, let’s remind ourselves about the fundamentals, and work out who or what is controlling the price.
Supply deficits and Chinese suppression
The following table is extracted from the Silver Institute’s latest annual report.
Over the last six years, total supply has barely grown while demand has, particularly for photovoltaics. Other than net selling of ETPs (ETFs) in 2022-2023, the supply shortfall is unexplained. In the last six years, taking ETFs out of the equation this gaping hole in the numbers amounts to 1,093.4 million ounces, more than one year’s total mine and scrap supply.
This shortfall is unexplained in these figures. But I have long suspected China of controlling the price, presumably to subsidise its electronic and PV industries. And it turns out that in 2023 alone, China exported $4.69 billion of silver and imported $1.14 billion leaving net exports of about 140 million ounces, which ties in neatly with the Silver Institutes’ bottom line.[i]
China’s largest silver exports in 2023 were to Hong Kong, UK, India, and Switzerland. Other than India, which is ramping up its PV production, the others are financial centres, strongly suggesting that the export objective was to suppress prices.
What stands out is that if net investment in ETFs increases, it will trigger a supply crisis driving prices higher, unless China steps up its intervention. That seems unlikely since they have permitted or even encouraged gold demand to increase and the sheer scale of silver price suppression is rising, putting strains on China’s own silver position. Copper, which in bulk is more important than silver, is also rising in price, up even more than gold at 23% this year so far. And for the Chinese public, silver is still regarded as a monetary metal.
Clearly, silver is now badly out of line with gold and copper, putting pressure on China to rethink its silver suppression policy
The silver paper crisis
The trigger for current price turmoil has been Trump’s tariff scare which drove Comex futures to significant premiums over London spot, causing an arbitrage into Comex warehouses where stocks are now at record levels.
It has led to physical liquidity in other financial centres being badly depleted. But it is essentially a paper squeeze crisis in a contract that is illiquid relative to gold. Stand-for-deliveries since 1 January, whereby longs choose to take delivery on futures’ expiry, total 106.625 million ounces to date, which is also significant in the context of Chinese price suppression.
Comex Swaps, who take the short side of the contract, are uncomfortably short:
At net short 43,111 contracts on the last Commitment of Traders Report, it is not as much as the 2016 record at 49,609, when silver was under $14. But the market value is an all-time record at $7.328 billion. And the gross short position is $11.303 billion, split between 25 parties. If the silver price rises in the manner suggested by the technical chart at the beginning of this article, some of these swaps could face financial difficulties.
The other category taking the short side is producers and merchants. For the last four years, they have generally reduced their net shorts and seem unlikely to rescue the swaps, given their understanding of bullion supply constraints:
The long side of Comex is by no means extreme, as the Managed Money category (hedge funds) illustrates.
Furthermore, the sum of Others and Non-Reportables is not extreme either:
Therefore, Comex longs have plenty of room to buy before the silver contract becomes technically overbought.
Conclusion
Silver’s technical setup looks excellent, and the squeeze initiated on Comex futures has drained physical supplies away from other centres. Unlike gold, there is no leasing supply from central banks to suppress the price. Instead, the supply has come from China in an apparent attempt to suppress the price. That suppression policy is failing, and it is probably not in China’s interest to continue to sell silver into the market cheaply.
If, as seems increasingly likely, China withdraws from supplying Western financial markets with bullion, the price could rise rapidly, catching up with gold’s recent outperformance.
3. C Powell and Gata dispatches
Germany’s conservatives sound the alarm over gold reserves in the U.S.
Submitted by admin on Mon, 2025-03-31 08:21 Section: Daily Dispatches
By Carlo Martuscelli
Politico, Washington
Monday, March 31, 2025
Can the United States be trusted with Germany’s gold?
Its leader is trying to cripple the country’s most important industry. His deputy thinks it’s a pathetic freeloader. The man who has their ear is throwing what look a lot like Nazi salutes and openly interfering in its elections to support a far-right party that its own intelligence service thinks is a threat to the constitution.
No wonder, then, that some politicians in Germany are worried that what was for decades seen as one of the world’s most reliable storehouses might not be so secure after all.
Germany holds the world’s second-largest gold reserves, and keeps 37% of them — some 1,236 metric tons, worth E113 billion — in the vaults of the New York Federal Reserve. Those holdings of precious metal guarantee that, should the need ever arise, the Bundesbank has access to something it can change into U.S. dollars (or any other hard currency). …
… For the remainder of the report:
GATA needs your help, and there’s silver in it for you
Submitted by admin on Sun, 2025-03-30 08:49 Section: Daily Dispatches
8:47a ET Sunday, March 30, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal’s spectacular rise: the collapse of the derivatives-based gold price suppression system.
Gold price suppression is almost a respectable topic now, even if GATA is still not respectable enough to get mentioned by mainstream financial news organizations even as we pummel them every day with evidence of their dishonesty.
So please help us stay in the fight all the way to victory: free and transparent markets in the monetary metals and limited and accountable government.
Our friends at Money Metals Exchange in Eagle, Idaho, support our struggle so much that they have minted a beautiful 1-ounce silver round honoring GATA — and they want you to have at least one.
On the front of the round is an engraving copied from the GATA painting by Alain Despert, depicting GATA as a modern-day Don Quixote leading a march of gold and silver advocates on the U.S. Treasury Department building in Washington:
The back of the round shows the torch of liberty breaking the chains of price suppression and recognizing gold and silver as the crucial defenders of liberty:
You can purchase the GATA commemorative silver round from Money Metals Exchange for around $34 here:
But if you’d like to help GATA directly, each donation of $250 to GATA will entitle the donor to one of these silver rounds, which GATA will arrange to have shipped to the donor from Money Metals Exchange, which is now the operator of the largest precious metals depository in the United States west of New York, a depository larger than even Fort Knox.
Your gift today will propel GATA’s important work, and we’ll be very grateful for it.
We just need to remind donors that the metal value of each of the rounds they receive as thanks for their donation must be subtracted from federal tax-deductibility of their contribution to GATA. For example, with the silver round priced at $34, a $250 donation made to GATA would be federally tax-deductible for $216.
Of course these silver rounds are likely to increase in value along with the silver price in the years ahead — another reason to consider supporting GATA this way.
So please consider making a donation to GATA tonight, especially now that this special 25th anniversary GATA silver round is available to memorialize it.
To donate, please mail a check payable to GATA to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Conn. 06043-7541 USA
Or visit GATA’s internet site here:
Please include your e-mail address so we can thank you without incurring the time and expense of surface mail. And if you’re donating $250 or more, please let us know your shipping address so we can speed the silver round on its way to you.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
END
Grandich tells Maguire on LFTV that financial establishment still disdains gold
Submitted by admin on Sun, 2025-03-30 08:41 Section: Daily Dispatches
8:39a ET Sunday, March 30, 2025
Dear Friend of GATA and Gold:
Gold advocate and financial adviser Peter Grandich is London metals trader Andrew Maguire’s guest on this week’s edition of Kinesis Money’s “Live from the Vault” program, and their command of the history of the monetary metals of the last several decades is likely to fascinate and delight those who follow GATA’s work.
Grandich says gold is still getting little respect from the financial establishment though it has become the best-performing asset and all the signs indicate its return to the world financial system in a big way.
He adds that a massive insolvency threatens the United States — unsupportable government and personal debt and financial entitlements, worsening poverty, and deterioration of the country’s physical infrastructure. Most people, Grandich says, don’t have the money to pay the taxes needed to solve those problems.
Grandich foresees a new era of mining industry mergers and acquisition of junior companies by majors.
Toward the end of the program, Grandich reflects on the need to be guided by religious faith.
The program is 58 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
END
Two experts say a dollar-devaluing ‘Mar-a-Lago Accord’ is impossible
Submitted by admin on Sat, 2025-03-29 16:05 Section: Daily Dispatches
The Sun is Setting on the U.S. Dollar, But What Could Replace It?
By Anthony Rowley
South China Morning Post, Hong Kong
Saturday, March 29, 2025
“How low can the dollar go?” queried the headline of a recent Financial Times article in which Barry Eichengreen, a professor of economics and political science at the University of California at Berkeley noted that the dollar — “the sun around which the other elements of the post-war international system revolved” — could be entering a period of fundamental decline.
This certainly seems to reflect the decline of Western powers in global economic importance. It is less certain whether the decline can be arrested.
At a time when bold policy is needed, there has been talk around Washington of the Trump administration considering a new international monetary agreement, decades after the Plaza Accord was reached at New York’s Plaza Hotel in 1985 to depreciate the dollar and reduce the United States’ trade deficits with Germany, Japan and other economies.
Only this time it would be a Mar-a-Lago Accord, named after U.S. President Donald Trump’s residence in Florida. …
… For the remainder of the analysis:
Gold’s great escape: Chris Powell on the collapse of price suppression
Submitted by admin on Sat, 2025-03-29 09:04 Section: Daily Dispatches
From Money Metals Exchange, Eagle, Idaho
Saturday, March 29, 2025
In a timely episode of the Money Metals podcast, host Mike Maharrey sat down with veteran journalist and Gold Anti-Trust Action Committee co-founder Chris Powell to discuss gold’s historic surge past $3,000 an ounce and what it signals about the global monetary system.
The conversation offered deep insight into decades-long gold market manipulation, shifting central bank behavior, and the potential ramifications of a long-awaited Fort Knox audit.
As of March 2025, gold has crossed the $3,000 per ounce threshold, a milestone that Powell calls “a lovely start.”
Reflecting on his early days in gold activism — when the metal traded at just $250 per ounce in 1998–1999 — Powell believes the recent surge is a result of central banks’ losing their grip on the decades-old system of gold price suppression.
Notably, the latest $500 gain — from $2,500 to $3,000 — took just 210 days. That pace is extraordinarily fast compared to the historical average of nearly 1,000 days per $500 increment.
Powell interprets this as a sign that gold price controls are unraveling: “The speed here indicates that central bank rigging of the market is falling apart pretty fast.” …
… For the remainder of the report and audio of the interview:
* * *
Support GATA by purchasing
Stuart Englert’s “Rigged”
“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA’s work:
Michael Lynch: Comex silver’s situation is precarious as largest short struggles to deliver
Submitted by admin on Sat, 2025-03-29 08:56 Section: Daily Dispatches
Great research by Michael Lynch here, but wouldn’t the situation make more sense if the HSBC “customer” he cites is actually the U.S. government, which pledged to suppress the price of silver upon removing the monetary metal from its coinage in 1965? See: https://www.gata.org/node/23297. — cp
* * *
By Michael Lynch
Michael Lynch on Gold and Silver / Substack
Thursday, March 27, 2025
The naked short on the March silver contract is the HSBC “customer” account.
I had posted about this situation a couple of days ago on X, pointing out that the OI was one of the highest ever at this point in the delivery cycle:
Over the last two days, that HSBC “customer” account has issued delivery notices on 417 contracts (2.1 million ounces) dropping the open interest as of this morning’s open to 223 (1.1 million ounces). Last notice day is tomorrow (March 28) so they have delayed to the last moment.
This isn’t the first time HSBC was caught naked short. On one prior occasion, Band of America bailed them out in the waning days of the contract. On this occasion it appears (for now) they found some metal to deliver. I’ll get to the vault moves in a moment. …
I have theorized that this isn’t a customer account but is an HSBC bank account designed to suppress the price at the world’s price-setting venue (Comex) as they accumulate metal at non-price setting venues. I tagged this the “Differential Lag Theory,” meaning they can buy at remote locations but the price signal lags Comex. …
… For the remainder of the analysis:
4. ANDREW MAGUIRE PODCAST
a must view…live from the vault 216
youtube.com/watch?v=7pNluNn187Q&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1
5B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES:COMMODITY//COPPER
6 CRYPTOCURRENCY NEWS
ASIA TRADING MONDAY MORNING SUNDAY NIGHT
SHANGHAI CLOSED DOWN 15.56 PTS OR 0.46%
//Hang Seng CLOSED
// Nikkei CLOSED DOWN 1562.77 OR 4.05 %//Australia’s all ordinaries CLOSED DOWN 1.74%
//Chinese yuan (ONSHORE) CLOSED UP TO 7.2536 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2597/ Oil DOWN TO 69.44 dollars per barrel for WTI and BRENT DOWN TO 72.89 Stocks in Europe OPENED ALL MOSTLY RED.
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING
STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
END
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.2536
OFFSHORE YUAN: DOWN TO 7.2597
SHANGHAI CLOSED CLOSED DOWN 15.56 PTS OR 0.46%
HANG SENG CLOSED CLOSED
2. Nikkei closed DOWN 1502.77 PTS OR 4.05%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX DOWN TO 103.68// EURO RISES TO 1.0823 UP 5 BASIS PT HEADING TO PARITY WITH USA
3b Japan 10 YR bond yield: FALLS TO. +1.475//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 149.22…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: 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 +2.6996/Italian 10 Yr bond yield DOWN to 3.839 SPAIN 10 YR BOND YIELD DOWN TO 3.342
3i Greek 10 year bond yield DOWN TO 3.539
3j Gold at $3120.00 Silver at: 34.10 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 35 /100 roubles/dollar; ROUBLE AT 84.87
3m oil into the 69 dollar handle for WTI and 72 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 150.83 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.475 % 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 0.8807 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9572 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: 4.191 DOWN 7 BASIS PTS…
USA 30 YR BOND YIELD: 4.571 DOWN 6 BASIS PTS/
USA 2 YR BOND YIELD: 3.842 DOWN 7 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 37.95…
10 YR UK BOND YIELD: 4.7080 DOWN 7 PTS
10 YR CANADA BOND YIELD: 3.000 DOWN 8 BASIS PTS
5 YR CANADA BOND YIELD: 2.631 DOWN 8 PTS.
2a New York OPENING REPORT
Futures, Global Markets Tumble On Tariff Tiff, Gold Soars To New Record High
by Tyler Durden
Monday, Mar 31, 2025 – 08:27 AM
US equity futures and global markets tumbled on the last day of the worst quarter for US stocks in 23 years as the April 2 “liberation day” comes into sharp view. As of 8:00a, S&P futures are down 1.1% after Trump dented hopes he would limit the initial scope of levies set to be unveiled on Wednesday, telling reporters aboard Air Force One he plans to start with “all countries” leading to Goldman promptly slashing its S&P price target for the second time in weeks, now seeing the index dropping to 5300 in 3 months; Nasdaq futures tumbled 1.6% driven by heavy selling of the Mag 7 stocks (NVDA -3.2% and TSLA -4.1%). It wasn’t just the US: Europe’s Stoxx 600 slid 1.2% and Asian stocks suffered sharp losses, with the Japan’s Nikkei 225 index losing 4% and Taiwan’s stock index falling into a correction. Bond yields are 4-7bps lower; the USD was lower at first but has since rebounded . Commodities rise across the board: gold trading up 1.1% to a new record high of $3120, with base metals mostly higher, and Brent above $74. This week, all eyes are on April 1st (all studies related to trade policy will be completed) and April 2nd (reciprocal tariff announcement, sectorial tariffs such as pharma, semis and commodities, the resumption of 25% tariffs on USMCA-compliant goods). We will also receive ISMs and NFP this week.
In premarket trading, Tesla (TSLA) is leading losses among the Mag 7 ahead of President Trump’s deadline for a new set of sweeping global trade tariffs (Mag 7 movers: Tesla -6.0%, Nvidia -4.3%, Amazon -2.2%, Meta -2.5%, Microsoft -1.6%, Apple -0.8% and Alphabet -1.1%). Cryptocurrency-exposed stocks slip in premarket trading as Bitcoin slumps anew, with crypto traders flocking to the options market to hedge against further price declines. Canada Goose (GOOS) shares fall 5.3% in premarket trading on Monday as Barclays cuts the upscale parka retailer’s rating to underweight from equal-weight, citing challenging macro pressures. Here are the other notable premarket movers:
- Celsius Holdings (CELH) shares gain 1.0% after Truist Securities raised its recommendation to buy from hold, saying the company’s Alani Nu acquisition gives it an “extremely strong position” in the women’s segment of the US energy drink category.
- Sarepta Therapeutics (SRPT) shares drop 6.3% after RBC Capital Markets downgraded the drugmaker to sector perform from outperform, citing less confidence in the company’s gene therapy, Elevidys, for the treatment of Duchenne muscular dystrophy (DMD).
- United States Steel (X) shares are down 1.4%, after BMO Capital Markets downgraded the company to market perform from outperform.
- US-traded EHang (EH) shares jump 5.6% as the Chinese firm said it has been granted the first batch of air operator certificates for civilian autonomous aerial vehicles by China’s aviation regulator.
- Vaxcyte (PCVX) shares dropped 30% after reporting that its infant pneumococcal vaccine VAX-24 met phase 2 study immune response targets.
We had an eventful weekend with a slew of headlines from Washington: (i) a WSJ article suggested that the 20% tariff hike across-the-board is back on the table (here), along with Trump’s comments that he “couldn’t care less” if automakers raised prices due to new tariffs (CNBC); (ii) geopolitical tensions seem to rise with Russia (Trump said in an interview that he may put secondary tariffs on oil) and Iran (Iran rejected direct negotiation with the US; here). In addition, there was a concerning article on AI spending slowdown from The Information (here).
Trump also said he plans to start his reciprocal tariff push with “all countries,” tamping down speculation that he could limit the initial scope of levies set to be unveiled April 2. The president has said the tariffs will be “lenient,” but investors are on guard given the lack of specifics.
“It’s all about the tariff uncertainty,” Jefferies strategist Mohit Kumar said. “The negative scenario for the market would be that April 2 just marks the starting point of negotiation, and we have an extended period of negotiations where there is not much clarity on the tariff structure.”
Depending on the scale of what’s announced, Bloomberg Economics sees scope for a 4% hit to US GDP over a two- to three-year period, alongside a 2.5% increase in prices.
The risk that tariffs will hurt the global economy has propelled the S&P 500 to a 5.1% plunge in the first quarter, which would be the worst since 2022, and wiped about $5 trillion off the value of US equities since late February.
It gets worse: as Bloomberg’s John Authers notes, we are on the verge of closing the worst quarter for US stocks relative to the rest of the world since 2002!
The S&P 500 and the Nasdaq are both set to test mid-March lows — with the S&P’s mid-March low of about 5,500 points flagged by RBC Capital Markets strategist Lori Calvasina as a key support level. The March correction has been accompanied by an elevated count of swing days: As of Friday the S&P 500 moved more than 1% on 12 trading days in March, the highest reading since 2022.
Goldman’s US Equity Sentiment Indicator of investor positioning declined further this week to -1.2, the lowest reading since April 2023, but remains above levels typically reached at the trough of other major drawdowns during the past 15 years.
Meanwhile, as we first noted overnight, Goldman’s David Kostin cut his S&P 500 target for a second time this month. He expects the benchmark to end the year around 5,700 points versus his previous estimate of 6,200, citing a higher recession risk and tariff-related uncertainty.
Trump’s reciprocal tariff push is set to begin on April 2. In comments reported by NBC News, the US president also threatened curbs on “all oil coming out of Russia.” Speculation is also increasing that the trade war will spur more interest-rate cuts at the Fed and the ECB/ Ten-year Treasuries dropped six basis points to about 4.18% on Monday, while Bund yields fell three basis points.
Treasuries are on track to outperform stocks this quarter for the first time since the pandemic onset in March 2020. Jamie Niven, senior portfolio manager at Candriam, said 10-year US rates may slide below 4% as early as this week. “What’s changed is that markets are now starting to price the downside in risk assets as a recession risk and therefore Treasures rally,” he added.
European stocks follow their Asia counterparts lower ahead of Trump’s deadline for a new set of sweeping global trade tariffs. The Stoxx 600 falls 1.2% with mining and travel & leisure equities led declines, while telecommunications and utilities shares are the biggest outperformers. Here are the biggest movers Monday:
- Grieg Seafood shares rise as much as 12%, their best day since last May, after the salmon producer said that Andreas Kvame has agreed with its board of directors to step down as CEO after 10 years
- The Stoxx 600 basic resources sector fell as much as 2.8% in London, to its lowest intraday level since September after US President Donald Trump said he plans to start his reciprocal tariff push with “all countries, tempering earlier expectations of limited levies.
- Gerresheimer shares fall as much as 5.6%, most since Dec. 20, after KeyBanc Capital Markets cut its rating on the stock to sector weight from overweight
- Pets at Home shares plunge as much as 15%, the biggest drop in four months, after the midpoint of the retailer’s profit guidance for FY26 came in below expectations
- Établissements Maurel & Prom shares drop as much as 16%, the most since August 2023, after the oil company said a specific license granted by the US for its activities in Venezuela has been revoked, triggering a small price target cut from CIC Market Solutions
- Cancom shares decline as much as 16%, the most since November, after the German IT firm gave a tepid guidance for 2025, citing customers’ reluctance to make purchases in a volatile market environment
- Conduit Holdings shares fall as much as 9.1%, hitting the lowest level since October 2022, after the reinsurer said Chief Executive Officer Trevor Carvey will step down and warned it will reduce its return on equity guidance
- Reach shares fall as much as 7.7% in London after the publishing firm and owner of the Daily Mirror newspaper says Jim Mullen is stepping down from his role as CEO
- Wood Group shares fall as much as 39% after the oil-field services company said it expects to adjust its income statement and balance sheet after an independent review uncovered “material weaknesses” in the business
Earlier in the session, Asian stocks tumbled as traders braced for potential damage from tariffs threatened by US President Donald Trump that are set to be announced this week. The MSCI Asia Pacific Index fell 2.2%, putting it on track for its steepest loss in a month. Stock markets across Asia declined, with benchmarks in Japan and Taiwan sliding more than 4% to lead the selloff. Thai shares fell after trading reopened following an earthquake. Singapore, India, Indonesia and Malaysia were closed for holidays. The regional selloff came as investors turned their attention to a planned April 2 announcement of US reciprocal tariffs that Trump said will cover “all countries,” stoking concerns over a global trade war. Economic data Friday showing a plunge in US consumer sentiment and weak spending added to concerns. Chipmakers TSMC and Samsung Electronics were among the biggest drags on the MSCI regional gauge Monday, along with Chinese internet firms Tencent and Alibaba. Taiwan’s equity benchmark entered a technical correction, while Korean stocks slid as the nation resumed short-selling following a 17-month ban on the practice.
In rates, treasuries are richer by 5bp-6bp across maturities in early US session after gapping higher at the Asia open amid slumping equity markets globally. 10-year TSY yield near 4.19% is down ~6bp, outperforming bunds and gilts in the sector by 2.5bp and 1bp. As intermediate sectors led the move, 5s30s spread reached new multi-month wides above 67bp. Fed-dated OIS contracts price in additional easing this year, around 80bp vs 71bp at Friday’s close. Goldman Sachs projected the Fed will cut in July, September and November; its previous forecast was for two cuts this year and one in 2026. Morgan Stanley late Friday recommended being outright long 7-year Treasuries or TY futures to hedge risk-aversion. Treasury auctions resume next week with 3-, 10- and 30-year debt sales
In FX, the Bloomberg Dollar Spot Index is little changed. USD/JPY fell as much as 0.8% to 148.70, the lowest since March 21, before erasing almost all losses and trading at 149.4. “USD/JPY will take its cue from global equity markets this week,” Commonwealth Bank of Australia strategists including Kristina Clifton wrote in a note. “Risks are tilted to a sharp drop in global equities and a weaker USD/JPY.” The Euro also rose initially only to slide after inflation data in Germany missed expectations.
In commodities, spot gold climbs $35 to top a record $3,115 an ounce after it set another record. Bitcoin falls to around the $81,000 level. Oil prices advance with WTI up 0.5% at $69.70 a barrel having topped $70 at one stage as the market weighed Trump’s mixed remarks about the threat of fresh penalties on Russian crude.
Looking ahead, the US economic calendar includes March MNI Chicago PMI (9:45am, several minutes earlier for subscribers) and Dallas Fed manufacturing activity (10:30am). Fed speaker slate empty for Monday. Barkin, Kugler, Jefferson, Cook, Powell, Barr and Waller have events scheduled later this week.
Market Snapshot
- S&P 500 mini -0.9%,
- Nasdaq 100 mini -1.3%,
- Russell 2000 mini -1%
- Stoxx Europe 600 -1.1%,
- DAX -1.1%,
- CAC 40 -1.2%
- 10-year Treasury yield -5 basis points at 4.2%
- VIX +2.2 points at 23.8
- Bloomberg Dollar Index little changed at 1272.06,
- euro -0.1% at $1.0814
- WTI crude +0.8% at $69.9/barrel
Top Overnight News
- President Trump is scheduled to sign executive orders at 13:00EDT/18:00BST and at 17:30EDT/22:30BST on Monday.
- US President Trump wouldn’t rule out seeking a third term and said there are ways to do it, according to NBC. However, it was later reported that President Trump commented that he does not want to talk about a third term now.
- White House reportedly plans to kill the funding in a new budget for a Boeing (BA)-built rocket designed for NASA to take astronauts to the moon and beyond, while terminating Boeing’s Space Launch System could reportedly free up billions of dollars which SpaceX officials said could be reallocated for NASA’s Mars efforts, according to WSJ.
- Some large cloud customers are reportedly slowing down their spending on AI services through cloud providers such as Microsoft (MSFT), Google (GOOG) and Amazon (AMZN) as prices of AI drop, according to The Information.
- Trump is considering a more expansive tariff policy, one that could see a 20% duty imposed on all imports (along with additional sectoral tariffs). WSJ
- Trump is considering a bailout package for American farmers to shelter the domestic agricultural industry from his destructive tariff campaign. NYT
- Peter Navarro says Trump’s tariffs could generate ~$600B in revenue annually for the Treasury (or $6T over 10 years) in what would amount to one of the largest tax hikes in the history of the country. WaPo
- Goldman reduced its S&P 500 3-month and 12-month return forecasts to -5% and +6% (previously +0% and +16%). Based on market prices at the end of last week, these suggest S&P 500 index levels of roughly 5300 and 5900, respectively. The bank now sees a 12-month recession probability of 35%; the increase from the previous 20% estimate reflects a lower growth baseline, the sharp recent deterioration in household and business confidence, and statements from White House officials indicating greater willingness to tolerate near-term economic weakness in pursuit of their policies.
- China’s manufacturing activity expanded at the fastest pace in a year in March, a factory survey showed on Monday, with new orders boosting production, giving the world’s No. 2 economy some reprieve as it deals with an intensifying U.S. trade war. Manufacturing came in at 50.5 (vs. 50.2 in Feb and above the Street’s 50.4 forecast) and non-manufacturing at 50.8 (vs. 50.4 in Feb and above the Street’s 50.6 forecast). RTRS
- China will be hit significantly harder this time around by Trump’s trade war compared to his first term. RTRS
- The BOJ will slow purchases of super-long bonds to ¥405 billion in the second quarter, its first reduction in more than a year. BBG
- AI spending is set to slow as companies utilize lower-cost and more efficient models from the likes of DeepSeek and others to drive expenses lower. The Information
- UK PM Keir Starmer had a “productive” call with Trump as the government hopes to carve out exemptions from US tariffs. Elsewhere, UK Home Secretary Yvette Cooper told Sky News she refused to rule out retaliating to US tariffs on cars and steel. BBG
A more detailed look at global markets courtesy of Newsquawk
2b) European opening report
Pronounced risk off into ‘Liberation Day’, though crude remains underpinned on US-Iran relations – Newsquawk US Market Open
Monday, Mar 31, 2025 – 05:14 AM
- US President Trump is said to be pushing senior advisers to go bigger on tariff policy as they prepare for ‘Liberation Day’ on April 2nd; reportedly revived the idea of a flat universal tariff single rate on most imports.
- European bourses and US futures in the red given the above and into month & quarter end, Euro Stoxx 50 -1.5%, ES -1.0%; NQ -1.3% with NVDA pressured.
- DXY has been on either side of the unchanged mark throughout the morning, EUR and GBP flat/slightly softer while USD/JPY hit a 148.71 low as the Nikkei 225 entered correction territory.
- Fixed benchmarks bid on the broad risk tone, German State CPIs sparked a fleeing move lower into the mainland figure, JGBs slipped as the BoJ cut its bond purchase amounts.
- Crude firmer as geopolitical tensions outweigh the macro tone following reports around Trump on Iran, XAU at a fresh record high, base metals dented.
- US President Trump threatened to bomb Iran if a nuclear deal can’t be reached, while he also warned of secondary tariffs on Russian oil.
- Looking ahead, highlights include US Chicago PMI & Trump’s executive orders.
- Note: UK clocks changed from GMT to BST on Sunday which means the London to New York time gap returned to five hours.
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TARIFFS/TRADE
UPDATES FROM THE US
- US President Trump said he will hit essentially all countries that they’re talking about with tariffs this week and commented that there will be a deal on TikTok before the deadline, according to Reuters.
- US President Trump is said to be pushing senior advisers to go bigger on tariff policy as they prepare for ‘Liberation Day’ on April 2nd and reportedly revived the idea of a flat universal tariff single rate on most imports, according to Washington Post. It was also noted that the option viewed as most likely, publicly outlined by Treasury Secretary Bessent this month, would set tariffs on products from the 15% of countries the administration deems the worst US trading partners which account for almost 90% of imports.
- US President Trump’s closest allies including Vice President Vance, Chief of Staff Wiles and cabinet officials have privately indicated they are unsure exactly what President Trump will do during the April 2nd announcement of global tariffs, according to Politico.
- US President Trump’s recent 25% auto tariff announcement made no mention of USMCA trade deal side letters shielding Canada and Mexico from potential auto tariffs which showed Canada and Mexico were each granted annual duty-free import quotas of 2.6mln cars and unlimited light trucks if Trump imposed global tariffs.
- US President Trump’s Trade Adviser Navarro said auto tariffs will raise about USD 100bln and the other tariffs are to raise about USD 600bln a year, according to a Fox interview.
- US White House has reportedly discussed providing support to farmers as the President escalates the trade war, according to NYT.
UPDATES FROM OTHER NATIONS
- Canada said it fully expects the US to honour the 2018 tariff pledges and it reserves the right to take retaliatory measures, while Mexico is evaluating the legal implications of the agreement on Trump’s ‘Section 232’ auto tariff probe.
- UK PM Starmer spoke with US President Trump on Sunday evening in which they discussed productive negotiations between their respective teams on a UK-US economic prosperity deal and agreed that these will continue at pace this week. It was also reported that UK Home Secretary Cooper refused to rule out retaliating to US tariffs on cars and steel, according to Bloomberg.
- French Ministry of Foreign Trade said France and Europe will defend their businesses, consumers and values, while it added that US interference in the inclusion policies of French companies is unacceptable. Thereafter, the French Commerce Minister reiterated that France would implement reciprocal tariffs if the US goes ahead with its tariff measures this week. Hoping to avoid a trade war.
- German Chancellor Scholz said they stand by Canada’s side and that Canada is not a state that belongs to anyone else, while he added that Europe’s goal is cooperation but the EU will respond as one if the US leaves them with no choice such as with tariffs on steel and aluminium.
- Brazil’s President Lula said he will negotiate on tariffs before retaliating, according to Bloomberg. It was also reported that Brazil’s Finance Minister Haddad said the country is in a privileged position to withstand the trade war with the commodity exporter’s links to China, the US and the EU to shield it from protectionism, according to FT.
EUROPEAN TRADE
EQUITIES
- European bourses began the week on the backfoot into month & quarter end, the looming April 2nd ‘Liberation Day’, and ongoing geopolitics; Euro Stoxx 50 -1.5%.
- Sectors in the region are broadly in the red, Basic Resources lag with Autos a close second. Basic Resources have failed to lift amid demand/growth concerns, despite gold prices surging to USD 3,100/oz for the first time. Chinese PMIs inched higher, though CapEco sees slower Chinese GDP growth in Q1.
- Stateside, futures are entirely in the red, ES -0.8%, as we count down to Liberation Day and after Trump upped the ante around it over the weekend; the NQ -1.2% lags on reports that test samples for NVIDIA’s (-3.4%) GB300 may not be sent until the end of 2025, meaning it is likely that mass production will be delayed until next year.
- Goldman Sachs says its new 12-Month S&P target is 5900, amid higher tariffs, slower growth, and rising inflation. Implies index levels of 5300 and 5900. Lowers its EPS growth forecasts to +3% in 2025 (from +7%) and +6% in 2026 (from +7%), with new EPS estimates of USD 253 and USD 269 – below both top-down and bottom-up consensus.
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FX
- DXY has been on either side of the unchanged mark throughout the morning, began on a softer footing but the USD managed to claw back some losses vs. most peers to a 104.06 high for the index. As it stands, it is just below the mark and marginally into the red but comfortably clear of the session’s 103.74 base.
- The main focus has of course been the tariff agenda, with EUR initially firmer despite this but succumbed into the red when the USD picked up and has remained there since. Limited reaction to the morning’s state CPIs from Germany or Italian metrics. EUR/USD at the mid-point of a 1.0806-1.0849 band.
- USD/JPY retreated below the 149.00 handle by haven flows given the pressure seen in APAC trade, the Nikkei 225 entered correction territory. Went as low as 148.71 overnight, to the lowest since March 21st when 148.58 printed.
- Sterling flat with UK-specific newsflow light aside from UK PM Starmer speaking with US President Trump on Sunday evening. Cable at the bottom-end of a 1.2923 to 1.2972 band.
- Antipodeans softer given the broad risk-off price action and despite encouraging Chinese official PMIs. AUD also awaits the RBA with just a 17% implied probability of a 25bps cut currently. AUD/USD at a 0.6254 session low.
- PBoC set USD/CNY mid-point at 7.1782 vs exp. 7.2593 (Prev. 7.1752).
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FIXED INCOME
- Firmer given the macro risk tone. USTs bid by over 10 ticks but just off the earlier 111-22+ peak, having ground higher from a 111-09 open which is also the session low. If the move continues, then resistance comes in at 111-25 from 11th March before the figure and then 112-01 from 4th March; the latter is the YTD high.
- Amidst this, yields are lower across the curve and the 10yr is below 4.20% with 4.17%, 4.15% and then the 4.10% YTD low from 4th March. Fed pricing has moved dovishly, the odds of a cut in May over 20% with 80bps of easing seen by end-2025. As a point of comparison, around this time on Friday (pre-PCE) roughly 63bps was implied by end-2025.
- Bunds on the front-foot, given the above, hit a 129.59 peak before paring off best into and retreating further to a 129.04 session low on the first few German State CPIs coming in hot. However, the skew of all the states was in-line/mixed vs the prior readings which allowed Bunds to lift back to the midpoint of the day’s range.
- Gilts gapped higher by 37 ticks and then extended to a 92.10 peak as the tone sullied. Specifics for the UK light aside from the discussed Starmer-Trump call, though Home Secretary Cooper refused to rule out retaliation to US tariffs on autos and steel.
- JGBs came under some modest pressure as the BoJ adjusted its purchase plan for the next quarter while OATs were unphased by Le Pen being found guilty as we continue to await details and whether she will be banned from the 2027 Presidential election.
- BoJ cuts the purchase size across all main tranches (incl. the super-long) in its quarterly plan, frequency maintained.
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COMMODITIES
- Crude benchmarks are firmer despite the broad risk off tone. Strength which comes from geopolitics. Recent reports that US President Trump threatened to bomb Iran if a nuclear deal can’t be reached, while he also warned of secondary tariffs on Russian oil but later stated that he is not putting on oil sanctions right now.
- WTI May currently trades in a USD 68.81-70.10/bbl while its Brent counterpart resides in a USD 72.28-73.51/bbl parameter at the time of writing.
- Gas is firmer following APAC weakness, whilst the end of the heating season has reduced demand, shifting market focus to inventory refilling for next winter.
- Metals diverge with precious counterparts leading, base peers in the red. XAU at a fresh record high on the open and has since extended to a USD 3128/oz peak, benefitting from the risk tone. Base metals unsurprisingly dented by latest tariff updates, though encouraging Chinese PMIs have perhaps limited the losses.
- Slovak gas importer SPP says Gazprom is to substantially increase gas supplies to Slovakia through TurkStream from April; adds, “we will not have a problem filling storage this year”.
- Oman’s OSP for May calculated at USD 72.51/bbl (77.63/bbl in April), via GME data cited by Reuters.
- US is to revoke authorisations to foreign partners of Venezuela’s PDVSA that allowed them to export oil, according to sources cited by Reuters.
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NOTABLE DATA RECAP
- UK Lloyds Business Barometer (Mar) 49 (Prev. 49)
- UK Mortgage Lending (Feb) 3.287B GB vs. Exp. 3.55B GB (Prev. 4.207B GB, Rev. 4.229B GB); Approvals (Feb) 65.481k vs. Exp. 66.0k (Prev. 66.189k, Rev. 66.041k)
- German Retail Sales YY Real (Feb) 4.9% vs. Exp. 3.1% (Prev. 2.9%); MM Real (Feb) 0.8% vs. Exp. 0.2% (Prev. 0.2%)
- German Import Prices YY (Feb) 3.6% vs. Exp. 3.1% (Prev. 3.1%); MM (Feb) 0.3% (Prev. 1.1%)
- German State CPIs: Initially metrics came in hotter-than-expected with the available core measures also on the hawkish side of things. However, as all the states reported this moderated and the overall skew is in-line/mixed vs the prior readings; mainland consensus is for a Y/Y moderation and the M/M to remain at the prior rate.
- Italian Consumer Price Prelim YY (Mar) 2.0% vs. Exp. 1.6% (Prev. 1.6%); MM (Mar) 0.4% vs. Exp. -0.1% (Prev. 0.2%)
- Italian CPI (EU Norm) Prelim YY (Mar) 2.1% vs. Exp. 2.0% (Prev. 1.7%); MM (Mar) 1.6% vs. Exp. 1.4% (Prev. 0.1%)
NOTABLE EUROPEAN HEADLINES
- Dutch pension funds are set to invest EUR 100bln into risky assets boosting Europe’s defence efforts, according to FT citing APG Asset Management’s chief executive.
- US President Trump had an informal meeting with Finland’s President Stubb and said they look forward to strengthening the partnership between the US and Finland which includes the purchase and development of a large number of badly needed icebreakers for the US.
- ECB’s Lagarde says Europe must take better control of its own destiny. Almost at the inflation target.
- ECB’s Panetta says fight against inflation cannot be considered to be over; must monitor all factors that could hinder a return to the 2% target.
- Germany’s CDU/CSU and SPD have reportedly agreed to demand that the EU withdraws funds and suspend voting rights from countries that violate key principles, via Politico citing a draft; Politico frames this as a “thinly veiled reference to Viktor Orbán”.
- French RN official Le Pen has received an electoral ban, judges yet to state if the ban is to be implemented immediately or not.
- BoE PRA proposes increasing the FSCS deposit protection limit to GBP 110k (current 85k). If taken forward, the new limit would apply to firms that fail from 1 December 2025.
NOTABLE US HEADLINES
- US President Trump is scheduled to sign executive orders at 13:00EDT/18:00BST and at 17:30EDT/22:30BST on Monday.
- US President Trump wouldn’t rule out seeking a third term and said there are ways to do it, according to NBC. However, it was later reported that President Trump commented that he does not want to talk about a third term now.
- White House reportedly plans to kill the funding in a new budget for a Boeing (BA)-built rocket designed for NASA to take astronauts to the moon and beyond, while terminating Boeing’s Space Launch System could reportedly free up billions of dollars which SpaceX officials said could be reallocated for NASA’s Mars efforts, according to WSJ.
- Some large cloud customers are reportedly slowing down their spending on AI services through cloud providers such as Microsoft (MSFT), Google (GOOG) and Amazon (AMZN) as prices of AI drop, according to The Information.
GEOPOLITICS
MIDDLE EAST
- IDF began ground activity in an area inside Rafah to expand the security zone in southern Gaza, while Israel reportedly sent a counter-proposal on the Gaza deal, according to Bloomberg.
- Hamas political chief Khalil Al-Hayya said Hamas agreed to a ceasefire proposal they received two days ago, while he stated that Hamas will not disarm as long as the Israeli occupation exists.
- US President Trump said US and Iranian officials are talking, while he threatened a “bombing” and secondary tariffs on Iran if Tehran does not make a deal on a nuclear program with the US, according to an NBC interview. It was separately reported that Iran said it rejected direct US talks in a reply to Trump’s letter, while Iranian sources cited by Tehran Times stated the Iranian army has built up missile bases and prepared them for launch after recent Trump threats, according to Asharq News.
- Iran’s Supreme Leader Khamenei says US will receive a blow if they act on US President Trump’s threats.
RUSSIA-UKRAINE
- US President Trump said he plans to speak with Russian President Putin this week and warned he will put 25%-50% secondary tariffs on all Russian oil if they are unable to make a deal on Ukraine. Trump also said he was very angry when Putin criticised Ukrainian Zelensky’s credibility and noted that Putin’s comments on Zelensky were not going in the right direction. Furthermore, Trump separately commented that Zelensky wants to back out of the critical minerals deal.
- Ukrainian President Zelensky said it is impossible to ignore nearly daily mass Russian drone attacks and Ukraine expects a strong response to these attacks from the US, Europe and others. Zelensky added that Ukraine is maintaining active measures on the front line and inside Russia to ensure no Russian troops can enter the Sumy and Kharkiv regions.
- Ukraine was reported on Sunday morning to have destroyed 65 out of 111 drones launched by Russia.
- There are reportedly serious preparations underway for Ukrainian President Zelensky to run for the presidency a second time and he is said to have tasked his team with organising a vote after a full ceasefire, aiming for summer 2025, according to The Economist. It was separately reported that Kyiv is to seek more US investments in talks over an economic deal.
- Russian Defence Ministry said Ukraine has continued attacks against Russian energy infrastructure in violation of the limited ceasefire agreement and attacked power grids in the Belgorod region leaving 9,000 residents without power. Russia’s Defence Ministry also said it has completed the liberation of the town of Zaporizhzhia in Ukraine’s Donetsk region, while it was also reported that Russian forces took control of Veselivka in Ukraine’s Sumy region.
- Moscow and Washington started talks on rare earth metals and projects in Russia, according to RIA citing Russian Sovereign Wealth Fund chief Dmitriev.
- Russia’s Defence Ministry says Ukraine continues attacks on Russia’s energy infrastructure, according to IFAX.
OTHER
- US Defence Secretary Hegseth said Japan is an indispensable partner in deterring China and the US will sustain a robust presence in the Indo-Pacific, while he added the US military needs expanded access to Japan’s southwest islands and has started upgrading its military command in Japan. Furthermore, Japan’s Defence Minister said they have agreed with the US to accelerate efforts to jointly air-to-air missiles and will look at the possibility of joint production of SM6 surface-to-air missiles.
- Chinese military said it conducted a routine patrol in the South China Sea on Friday, while it added the Philippines has frequently enlisted foreign countries to organise so-called joint patrols and created destabilising factors in the South China Sea.
- Greenland’s PM said that he wants to make it clear the US won’t get control of Greenland.
CRYPTO
- Elon Musk commented that there are no plans for the government to use Dogecoin, according to Bloomberg.
- Japan’s Financial Services Agency plans to revise the Financial Instruments and Exchange Act to officially recognise crypto assets as financial products, according to Nikkei.
- US President Trump’s sons, Eric and Donald Trump Jr., are investing in a Bitcoin-mining company, according to WSJ; move will add to the Trump family’s expanding portfolio of crypto businesses.
APAC TRADE
- APAC stocks were pressured heading into month- and quarter-end amid tariff concerns as Trump’s April 2nd Liberation Day drew closer, while geopolitical risks lingered after US President Trump voiced anger towards Russian President Putin for comments about Ukrainian President Zelensky and Trump also threatened to bomb Iran if a nuclear deal can’t be reached.
- ASX 200 declined with all sectors in the red and underperformance in the mining, resources and materials sectors, while participants also await tomorrow’s RBA rate decision where the central bank is widely expected to remain on hold and with the focus to turn to if there is any change to the cautious message regarding future rate cuts.
- Nikkei 225 suffered heavy losses and slipped beneath the 36,000 level amid the tariff concerns and with notable weakness seen in tech stocks, while the selling is also exacerbated heading into fiscal year-end and amid yen strength.
- Hang Seng and Shanghai Comp conformed to the downbeat risk tone after failing to sustain the early resilience seen in the mainland following encouraging Chinese PMI data and reports that China’s Finance Ministry is to inject USD 69bln into four large Chinese banks, while there was also a slew of earnings releases including from most of the big 4 banks.
NOTABLE ASIA-PAC HEADLINES
- China’s Commerce Minister held talks on Friday with the visiting EU Trade and Economic Security Commissioner.
- China unveiled a plan to ramp up high-standard farmland development to ensure food security.
- China’s Finance Ministry will inject USD 69bln into four of the nation’s largest state banks via their share placements with the Finance Ministry to be the top investor in planned private placements by Bank of Communications, Bank of China, Postal Savings Bank of China Ltd. and China Construction Bank Corp. to raise up to a combined CNY 520bln or around USD 72bln through additional offerings of mainland-traded stocks, according to filings on Sunday. It was later reported that China will issue CNY 500bln in special treasury bonds this year to support bank capital replenishment, according to the Finance Ministry.
- PBoC said it punished two internet users who spread rate-cut rumours to gain attention and attract online followers, according to Bloomberg.
- Chinese state media said the CK Hutchison (1 HK) port deal does not conform to business logic and involves major national interests, while it added that selling the port is equal to handing a knife to the opponent and the Co. should carefully handle deals that may harm national interests.
- South Korean Finance Minister Choi said the government will submit a KRW 10tln supplementary budget to respond to wildfires and slumping growth.
- South Korean, Japanese and Chinese trade ministers agreed to strengthen cooperation on stabilising the supply chain and enhancing predictability in a trade environment, while they also agreed to closely cooperate on a trilateral free trade agreement and promote regional trade.
DATA RECAP
- Chinese NBS Manufacturing PMI (Mar) 50.5 vs. Exp. 50.5 (Prev. 50.2); Non-Manufacturing PMI (Mar) 50.8 vs. Exp. 50.5 (Prev. 50.4)
- Chinese Composite PMI (Mar) 51.4 (Prev. 51.1)
- Japanese Industrial Production MM (Feb P) 2.5% vs. Exp. 2.3% (Prev. -1.1%)
- Japanese Retail Sales YY (Feb) 1.4% vs. Exp. 2.0% (Prev. 3.9%, Rev. 4.4%)
2c) Asian opening report
APAC stocks pressured amid tariff concerns as ‘Liberation Day’ nears – Newsquawk Europe Market Open
Monday, Mar 31, 2025 – 01:22 AM
- US President Trump is said to be pushing senior advisers to go bigger on tariff policy as they prepare for ‘Liberation Day’ on April 2nd; reportedly revived the idea of a flat universal tariff single rate on most imports.
- APAC stocks were pressured heading into month- and quarter-end amid tariff concerns as Trump’s April 2nd Liberation Day drew closer.
- US President Trump threatened to bomb Iran if a nuclear deal can’t be reached, while he also warned of secondary tariffs on Russian oil.
- European equity futures indicate a lower cash market open with EuroStoxx 50 futures down 0.8% after the cash market closed with losses of 0.9% on Friday.
- DXY is a touch softer, JPY outperforms on a safe-haven bid, EUR/USD sits on a 1.08 handle and antipodeans marginally lag.
- Looking ahead, highlights include German Retail Sales, Italian CPI (prelim.), German CPI (prelim.), US Chicago PMI.
SNAPSHOT
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US TRADE
EQUITIES
- US stocks suffered amid the broad risk-off mood on Friday in which equity markets were hit across the board with underperformance in the Nasdaq and the vast majority of sectors were red as declines were led by steep losses seen in Communication, Consumer Discretionary and Technology. The selling pressure was likely influenced ahead of month and quarter-end, as well as the upcoming key risks including US President Trump’s reciprocal tariffs on April 2nd “Liberation Day”.
- SPX -1.96% at 5,581, NDX -2.61% at 19,281, DJI -1.69% at 41,584, RUT -2.05% at 2,024.
- Click here for a detailed summary.
TARIFFS/TRADE
- US President Trump said he will hit essentially all countries that they’re talking about with tariffs this week and commented that there will be a deal on TikTok before the deadline, according to Reuters.
- US President Trump is said to be pushing senior advisers to go bigger on tariff policy as they prepare for ‘Liberation Day’ on April 2nd and reportedly revived the idea of a flat universal tariff single rate on most imports, according to Washington Post. It was also noted that the option viewed as most likely, publicly outlined by Treasury Secretary Bessent this month, would set tariffs on products from the 15% of countries the administration deems the worst US trading partners which account for almost 90% of imports.
- US President Trump’s closest allies including Vice President Vance, Chief of Staff Wiles and cabinet officials have privately indicated they are unsure exactly what President Trump will do during the April 2nd announcement of global tariffs, according to Politico.
- US President Trump’s recent 25% auto tariff announcement made no mention of USMCA trade deal side letters shielding Canada and Mexico from potential auto tariffs which showed Canada and Mexico were each granted annual duty-free import quotas of 2.6mln cars and unlimited light trucks if Trump imposed global tariffs. Furthermore, Canada said it fully expects the US to honour the 2018 tariff pledges and it reserves the right to take retaliatory measures, while Mexico is evaluating the legal implications of the agreement on Trump’s ‘Section 232’ auto tariff probe.
- US President Trump’s Trade Adviser Navarro said auto tariffs will raise about USD 100bln and the other tariffs are to raise about USD 600bln a year, according to a Fox interview.
- UK PM Starmer spoke with US President Trump on Sunday evening in which they discussed productive negotiations between their respective teams on a UK-US economic prosperity deal and agreed that these will continue at pace this week. It was also reported that UK Home Secretary Cooper refused to rule out retaliating to US tariffs on cars and steel, according to Bloomberg.
- French Ministry of Foreign Trade said France and Europe will defend their businesses, consumers and values, while it added that US interference in the inclusion policies of French companies is unacceptable.
- German Chancellor Scholz said they stand by Canada’s side and that Canada is not a state that belongs to anyone else, while he added that Europe’s goal is cooperation but the EU will respond as one if the US leaves them with no choice such as with tariffs on steel and aluminium.
- Brazil’s President Lula said he will negotiate on tariffs before retaliating, according to Bloomberg. It was also reported that Brazil’s Finance Minister Haddad said the country is in a privileged position to withstand the trade war with the commodity exporter’s links to China, the US and the EU to shield it from protectionism, according to FT.
NOTABLE HEADLINES
- Fed’s Daly (2027 voter) said on Friday that she is 100% focused on inflation and that progress has been flat, while she added that March PCE confirmed her own decreased confidence in her modal outlook.
- US President Trump is scheduled to sign executive orders at 13:00EDT/18:00BST and at 17:30EDT/22:30BST on Monday.
- US President Trump wouldn’t rule out seeking a third term and said there are ways to do it, according to NBC. However, it was later reported that President Trump commented that he does not want to talk about a third term now.
- White House reportedly plans to kill the funding in a new budget for a Boeing (BA)-built rocket designed for NASA to take astronauts to the moon and beyond, while terminating Boeing’s Space Launch System could reportedly free up billions of dollars which SpaceX officials said could be reallocated for NASA’s Mars efforts, according to WSJ.
- Some large cloud customers are reportedly slowing down their spending on AI services through cloud providers such as Microsoft (MSFT), Google (GOOG) and Amazon (AMZN) as prices of AI drop, according to The Information.
APAC TRADE
EQUITIES
- APAC stocks were pressured heading into month- and quarter-end amid tariff concerns as Trump’s April 2nd Liberation Day drew closer, while geopolitical risks lingered after US President Trump voiced anger towards Russian President Putin for comments about Ukrainian President Zelensky and Trump also threatened to bomb Iran if a nuclear deal can’t be reached.
- ASX 200 declined with all sectors in the red and underperformance in the mining, resources and materials sectors, while participants also await tomorrow’s RBA rate decision where the central bank is widely expected to remain on hold and with the focus to turn to if there is any change to the cautious message regarding future rate cuts.
- Nikkei 225 suffered heavy losses and slipped beneath the 36,000 level amid the tariff concerns and with notable weakness seen in tech stocks, while the selling is also exacerbated heading into fiscal year-end and amid yen strength.
- Hang Seng and Shanghai Comp conformed to the downbeat risk tone after failing to sustain the early resilience seen in the mainland following encouraging Chinese PMI data and reports that China’s Finance Ministry is to inject USD 69bln into four large Chinese banks, while there was also a slew of earnings releases including from most of the big 4 banks.
- US equity futures (ES -0.6%, NQ -1.1%) extended on Friday’s declines amid trade war concerns and ahead of a risk-packed week.
- European equity futures indicate a lower cash market open with EuroStoxx 50 future down 0.8% after the cash market closed with losses of 0.9% on Friday.
FX
- DXY marginally softened with participants second-guessing what the April 2nd ‘Liberation Day’ tariffs will consist of as a recent report suggested that Trump is said to be pushing senior advisers to go bigger on tariff policy although it was also reported that Trump’s closest allies privately indicated they were unsure exactly what President Trump will do during April 2nd announcement. Furthermore, participants will get to digest a slew of data releases this week culminating with the latest Non-Farm Payrolls report on Friday.
- EUR/USD eked mild gains following Friday’s intraday resurgence to back above the 1.0800 level but with further upside capped by the lack of bullish drivers for the single currency and with the EU bracing for Trump’s reciprocal tariffs.
- GBP/USD remained afloat in relatively rangebound trade beneath the 1.3000 level with little reaction seen following UK PM Starmer’s talk with US President Trump in which they discussed productive negotiations between their respective teams on a UK-US economic prosperity deal, while UK Home Secretary Cooper reportedly refused to rule out retaliating to US tariffs on cars and steel.
- USD/JPY retreated to beneath the 149.00 handle with the pair dragged lower by haven flows into the Japanese currency amid the bloodbath in Tokyo stocks.
- Antipodeans were rangebound alongside the downbeat sentiment and ahead of tomorrow’s RBA announcement.
- PBoC set USD/CNY mid-point at 7.1782 vs exp. 7.2593 (Prev. 7.1752).
FIXED INCOME
- 10yr UST futures extended on Friday’s advances owing to haven demand alongside the current stock market rout.
- Bund futures gapped above the 129.00 level amid the stock selling while participants now await German Retail Sales and CPI data.
- 10yr JGB futures followed suit to the advances in global counterparts amid the sell-off in Tokyo stocks and after mixed Japanese data releases, while prices also benefitted from stronger results at the latest 2-year JGB auction.
COMMODITIES
- Crude futures were lower amid the spooked sentiment across the region but with downside limited given geopolitical risks after recent reports that US President Trump threatened to bomb Iran if a nuclear deal can’t be reached, while he also warned of secondary tariffs on Russian oil but later stated that he is not putting on oil sanctions right now.
- US is to revoke authorisations to foreign partners of Venezuela’s PDVSA that allowed them to export oil, according to sources cited by Reuters.
- Spot gold printed a fresh record high at the open and extended on gains to top USD 3,100/oz amid haven demand.
- Copper futures were subdued amid the risk-off tone for Asia but with the losses stemmed amid initial resilience in the red metal’s largest purchaser after encouraging official Chinese PMI data.
CRYPTO
- Bitcoin retreated amid the risk-off mood and oscillated around the USD 82,000 level.
- Elon Musk commented that there are no plans for the government to use Dogecoin, according to Bloomberg.
- Japan’s Financial Services Agency plans to revise the Financial Instruments and Exchange Act to officially recognise crypto assets as financial products, according to Nikkei.
NOTABLE ASIA-PAC HEADLINES
- China’s Commerce Minister held talks on Friday with the visiting EU Trade and Economic Security Commissioner.
- China unveiled a plan to ramp up high-standard farmland development to ensure food security.
- China’s Finance Ministry will inject USD 69bln into four of the nation’s largest state banks via their share placements with the Finance Ministry to be the top investor in planned private placements by Bank of Communications, Bank of China, Postal Savings Bank of China Ltd. and China Construction Bank Corp. to raise up to a combined CNY 520bln or around USD 72bln through additional offerings of mainland-traded stocks, according to filings on Sunday. It was later reported that China will issue CNY 500bln in special treasury bonds this year to support bank capital replenishment, according to the Finance Ministry.
- PBoC said it punished two internet users who spread rate-cut rumours to gain attention and attract online followers, according to Bloomberg.
- Chinese state media said the CK Hutchison (1 HK) port deal does not conform to business logic and involves major national interests, while it added that selling the port is equal to handing a knife to the opponent and the Co. should carefully handle deals that may harm national interests.
- South Korean Finance Minister Choi said the government will submit a KRW 10tln supplementary budget to respond to wildfires and slumping growth.
- South Korean, Japanese and Chinese trade ministers agreed to strengthen cooperation on stabilising the supply chain and enhancing predictability in a trade environment, while they also agreed to closely cooperate on a trilateral free trade agreement and promote regional trade.
DATA RECAP
- Chinese NBS Manufacturing PMI (Mar) 50.5 vs. Exp. 50.5 (Prev. 50.2)
- Chinese NBS Non-Manufacturing PMI (Mar) 50.8 vs. Exp. 50.5 (Prev. 50.4)
- Chinese Composite PMI (Mar) 51.4 (Prev. 51.1)
- Japanese Industrial Production MM (Feb P) 2.5% vs. Exp. 2.3% (Prev. -1.1%)
- Japanese Retail Sales YY (Feb) 1.4% vs. Exp. 2.0% (Prev. 3.9%, Rev. 4.4%)
GEOPOLITICS
MIDDLE EAST
- IDF began ground activity in an area inside Rafah to expand the security zone in southern Gaza, while Israel reportedly sent a counter-proposal on the Gaza deal, according to Bloomberg.
- Hamas political chief Khalil Al-Hayya said Hamas agreed to a ceasefire proposal they received two days ago, while he stated that Hamas will not disarm as long as the Israeli occupation exists.
- US President Trump said US and Iranian officials are talking, while he threatened a “bombing” and secondary tariffs on Iran if Tehran does not make a deal on a nuclear program with the US, according to an NBC interview. It was separately reported that Iran said it rejected direct US talks in a reply to Trump’s letter, while Iranian sources cited by Tehran Times stated the Iranian army has built up missile bases and prepared them for launch after recent Trump threats, according to Asharq News
RUSSIA-UKRAINE
- US President Trump said he plans to speak with Russian President Putin this week and warned he will put 25%-50% secondary tariffs on all Russian oil if they are unable to make a deal on Ukraine. Trump also said he was very angry when Putin criticised Ukrainian Zelensky’s credibility and noted that Putin’s comments on Zelensky were not going in the right direction. Furthermore, Trump separately commented that Zelensky wants to back out of the critical minerals deal.
- Ukrainian President Zelensky said it is impossible to ignore nearly daily mass Russian drone attacks and Ukraine expects a strong response to these attacks from the US, Europe and others. Zelensky added that Ukraine is maintaining active measures on the front line and inside Russia to ensure no Russian troops can enter the Sumy and Kharkiv regions.
- Ukraine was reported on Sunday morning to have destroyed 65 out of 111 drones launched by Russia.
- There are reportedly serious preparations underway for Ukrainian President Zelensky to run for the presidency a second time and he is said to have tasked his team with organising a vote after a full ceasefire, aiming for summer 2025, according to The Economist. It was separately reported that Kyiv is to seek more US investments in talks over an economic deal.
- Russian Defence Ministry said Ukraine has continued attacks against Russian energy infrastructure in violation of the limited ceasefire agreement and attacked power grids in the Belgorod region leaving 9,000 residents without power. Russia’s Defence Ministry also said it has completed the liberation of the town of Zaporizhzhia in Ukraine’s Donetsk region, while it was also reported that Russian forces took control of Veselivka in Ukraine’s Sumy region.
- Moscow and Washington started talks on rare earth metals and projects in Russia, according to RIA citing Russian Sovereign Wealth Fund chief Dmitriev.
OTHER
- US Defence Secretary Hegseth said Japan is an indispensable partner in deterring China and the US will sustain a robust presence in the Indo-Pacific, while he added the US military needs expanded access to Japan’s southwest islands and has started upgrading its military command in Japan. Furthermore, Japan’s Defence Minister said they have agreed with the US to accelerate efforts to jointly air-to-air missiles and will look at the possibility of joint production of SM6 surface-to-air missiles.
- Chinese military said it conducted a routine patrol in the South China Sea on Friday, while it added the Philippines has frequently enlisted foreign countries to organise so-called joint patrols and created destabilising factors in the South China Sea.
- Greenland’s PM said that he wants to make it clear the US won’t get control of Greenland.
EU/UK
NOTABLE HEADLINES
- Dutch pension funds are set to invest EUR 100bln into risky assets boosting Europe’s defence efforts, according to FT citing APG Asset Management’s chief executive.
- US President Trump had an informal meeting with Finland’s President Stubb and said they look forward to strengthening the partnership between the US and Finland which includes the purchase and development of a large number of badly needed icebreakers for the US.
DATA RECAP
- UK Lloyds Business Barometer (Mar) 49 (Prev. 49)
3 .ASIA
3A NORTH KOREA/SOUTH KOREA
3B JAPAN
3C CHINA
CK Hutchison Shares Fall As Mounting CCP Pressure Delays Panama Port Deal With BlackRock
Monday, Mar 31, 2025 – 08:05 AM
CK Hutchison Holdings Ltd., controlled by the family of Hong Kong billionaire Li Ka-shing, saw its shares slide in Hong Kong on Monday following weekend reports that a planned deal to sell two Panama Canal ports to a BlackRock-led consortium would not be signed this week. Adding to the pressure, a pro-Beijing Hong Kong newspaper—viewed as a mouthpiece for the Chinese Communist Party—intensified its negative propaganda warfare against the proposed deal, which would effectively transfer control of the Panama ports to the United States amid the Trump administration’s push to bolster hemispheric defense across the Americas.
Shares of CK Hutchison fell nearly 5% during Hong Kong trading before closing down 3%.
The 25% gain seen earlier this month following the deal’s announcement has largely been erased, as multiple reports in recent days have highlighted mounting pressure from the CCP against CK Hutchison over the transaction:
- BlackRock’s Panama Port Deal With CK Hutchison Won’t Be Signed Next Week
- Panama Canal Deal Derailed After Beijing Launches Antitrust Probe
- Beijing Fumes Over BlackRock’s Panama Port Deal With CK Hutchison
Definitive documentation between CK Hutchison and the BlackRock-led investor group to secure a $19 billion controlling stake in CK Hutchison’s ports, which includes 43 ports in 23 countries, along with two ports at either side of the Panama Canal (Balboa and Cristobal), was expected to be signed on Wednesday, according to the sale announcement on March 4. Yet all indications now point to no deal this week.
“We are not surprised by the potential delay due to rising geopolitical implications, and in the meantime we believe CK Hutchison will endeavor to resolve conflicts with various stakeholders before confirming the deal on July 27,” JPMorgan analysts told clients in a note, adding, “We won’t be surprised if that date may be extended further, if necessary.“
Earlier today, the Pro-CCP Ta Kung Pao paper unleashed its propaganda cannon, which included comments from Hong Kong politicians and Chinese lawyers urging CK Hutchison to terminate the deal.
The newspaper told CK Hutchison to “think twice” about the deal with the Americans…
As we previously explained:
It’s crucial to understand that eliminating Chinese Communist influence from the Panama Canal is part of Trump’s master plan to strengthen hemispheric defense. This strategy also encompasses developing hardened defense layers around Canada and Greenland. It includes efforts to purge Chinese triad gangs, Mexican cartels, and other terrorist organizations from the North American financial system as the world fractures into a bipolar state.
The potential delay in the deal due to CCP pressure on CK Hutchison will likely push the Trump administration to get more creative in finalizing the transaction. After all, for the Trump administration, this is ultimately about hemispheric defense.
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
EU
CRAZY ALL POLITICAL!
In Latest Blow To European Democracy, Judge Rules Marine Le Pen Ineligible To Run For President In 2027
Monday, Mar 31, 2025 – 07:45 AM
A judge has ruled Marine Le Pen is ineligible to run for office, along with eight MEPs from her National Rally party, after they were found guilty of misappropriation of EU funds. The move is the latest attack on democracy in the EU, with judges increasingly deciding elections in Europe. Le Pen has also been sentenced to four years in prison, with two years suspended.
Notably, the news comes right as Le Pen leads the polling for French presidential elections in 2027, as Remix News reported earlier today.
The court estimated that the total losses amounted to €2.9 million, as a result of “paying by the European Parliament people who actually worked for the far-right party.” Le Pen was found to be responsible for €1.8 million in damages herself. The judgment also concerns 12 assistants. The prosecutor’s office initially alleged that €7 million had been used in this way.
Investigators accused Le Pen of managing the illegal use of European subsidies between 2004 and 2016, when she served as an MEP. They stated that instead of working in Strasbourg, assistants were to work for Le Pen’s National Rally party in a domestic capacity.
“It was found that all these people actually worked for the party, that their deputy did not commission them any tasks,” said the judge. Assistants then “passed from one deputy to another.”
“It was not about combining the work of assistants, but about combining the budgets of MPs,” said the judge.
Le Pen said before the trial that the matter is entirely political and that her opponents wished for her “political death.”
Other commentators have expressed surprise at not only the verdict but also the decision to exclude her from elections.
Pierre Lellouche, a lawyer and former Deputy of the French National Assembly, appeared on CNEWS to point out that the current prime minister, François Bayrou, faced the same charge and suffered no consequences.
“Then, last but not least, there is the case of (François) Bayrou, the current prime minister, who has been prosecuted for exactly the same thing, i.e., for abuses of party funding declared as parliamentary assistants in Europe, at the EU parliament. Bayrou emerged from this affair without being in the least concerned. In fact, the public prosecutor’s office has once again referred the matter to the courts, but even so, we’re dealing with a double standard here. It’s a bit surprising.”
He noted that the “separation of powers” is increasingly shifting towards judges, and noted that in many previous elections, these judges have tipped the scales in favor of certain candidates.
“We’re finding that more and more, everything is getting mixed up, everywhere. Look at Trump, who had seven judges behind him, and that didn’t stop him from winning. Finally, Strauss-Kahn was eliminated, Fillon was eliminated by a somewhat untimely and rapid indictment at the time of the presidential election, which allowed Mr. Macron to govern the country for seven years after all, which is no mean feat. Especially since, in the Fillon affair, the public prosecutor subsequently indicated that this was not entirely neutral and that the Élysée was particularly interested in this case. So you see, there is a separation of powers, but at the moment, power is shifting to the judges, and that can have a huge impact.”
Another attorney, Maxime Thiebaut, also brought up the case of Bayrou, saying:
“At the very least, you know, it comes as a surprise that Marine Le Pen has been found guilty. I would point out that Mr. (François) Bayrou was acquitted on a similar charge, because it was considered that he had not acted with intent. So I wasn’t in Mr. Bayrou’s file and I wasn’t in Ms. Le Pen’s file, but I note that there was also an expectation that Madame Le Pen would be guilty.
We all know very well that when you’re the leader of a political party, you’re pretty far removed from the actual running of the party. Mr. Bayrou was recognized by Ms. Le Pen. Is it political or not? I don’t know and I won’t give my opinion on that.”
This is not the only such case either, with Romania banning the presidential frontrunner, Călin Georgescu, from running for president as well as arresting him.
UK
Parents Arrested In UK For Complaining About Their Kid’s School In WhatsApp Group
Monday, Mar 31, 2025 – 05:00 AM
Authored by Steve Watson via Modernity.news,
The parents of a nine year old British girl were arrested by police who came to their home after they complained about their child’s school in a WhatsApp chat group.
Yes, really.
The Times reports that Police arrested Maxie Allen and Rosalind Levin in front of their daughter on suspicion of malicious communications, harassment, and causing a nuisance on school property.
The pair were thrown in a jail cell over comments they made about the Cowley Hill Primary School in Borehamwood,
The report notes that the parents had taken issue with the school’s process of hiring a new head teacher, with school governors stepping in and issuing them with a warning for causing “disharmony”.
The school later completely banned the parents from the premises and were told they could only communicate via email.
The parents were then allegedly accused by the school of making “disparaging” remarks about the institution and “casting aspersions” in a parents’ group on WhatsApp, prompting the school to contact police.
The police then ordered the parents to remove their child’s from the school, which they did, yet they were still arrested a week later on their own doorstep and kept in jail for 11 hours.
Here is footage of the arrest:
The parents have accused school of using aggressive tactics to “silence awkward parents” and accused the police of a “massive overreach” owing to the arrest.
“We’d never used abusive or threatening language, even in private, and always followed due process,” mr Allen, who works for Times Radio said.
He added, “Yet we have never even been told what these communications were that were supposedly criminal, which is completely Kafkaesque.”
Ms Levin noted that her initial thought when police approached her door was that her daughter had died, saying that she “could not think of any other reason why six police officers would be at my door”.
Following the arrest, Police decided not to take any further action, with a spokesman commenting “The arrests were necessary to fully investigate the allegations as is routine in these types of matters. Following further investigations, officers deemed that no further action should be taken due to insufficient evidence.”
A Cowley Hill Primary school spokesman told The Times “We sought advice from the police following a high volume of direct correspondence and public social media posts from two parents, as this was becoming upsetting for staff, parents and governors.”
Contrary to what some busy body school officials might believe, having and sharing a negative opinion of a public institution is not a crime, it’s called freedom of speech.
Remember when the British Prime Minister Kier Starmer recently got into an aggravated exchange with JD Vance, denying that freedom of speech was under attack by the authorities in the UK?
Vance was right.
* * *
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5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL HAMAS///
EARLY SATURDAY MORNING
Hamas willing to release multiple hostages including Eden Alexander for Eid al-Fitr ceasefire – KAN
The terrorist organization reportedly needs the ceasefire for a few days in order to suppress anti-Hamas protests that have been held by Palestinians in the enclave this week.
By JERUSALEM POST STAFFMARCH 29, 2025 05:45
Hamas is allegedly open to releasing several hostages, including US citizen and IDF soldier Edan Alexander, in exchange for a ceasefire during Eid al-Fitr, Israeli public broadcaster KAN reported on Friday, citing sources familiar with the matter.
Hamas’s conditions for releasing the select group of hostages has not been revealed, the report notes, but states that the terrorist organization needs the ceasefire for a few days in order to suppress anti-Hamas protests that have been held by Palestinians in the enclave this week.
This new brief agreement includes intensive talks between Qatar and the United States, according to the report.
The KAN report comes only a day after the United States delivered a message to Hamas via Qatari intermediaries in an effort to bring about Alexander’s release.
The report stated that Qatar had transmitted the message to Hamas as a token to US President Donald Trump.
Earlier reports on Alexander
Hamas was previously accused by Israel of deviating from the US proposal for a ceasefire extension after the terror organization announced it would release Alexander. A week prior, N12 revealed that released hostages conveyed a sign of life from Alexander, who is being held in an underground tunnel without air or sunlight and is severely malnourished and underweight due to a lack of food. He had reportedly also been tortured.
In late November, Hamas published a propaganda video of Alexander, where he spoke a mix of Hebrew and English. It then switches to footage of Alexander covering his face with his hands and crying.
Adi Alexander, Edan’s father, told The Jerusalem Post that less than 24 hours before the video was released, it had been over a year since the Alexander family received any sign of life from their son.
Alexander was serving as a lone soldier from Tenafly, New Jersey, and was kidnapped by Hamas on October 7, 2023 near the Gaza border. He moved to Israel and began his IDF service after graduating high school.
Eid al-Fitr, which begins on Sunday, marks the end of the Ramadan fast.
Amichai Stein, Hannah Sarisohn, and Sarah Moskowitz contributed to this report.
END
SATURDAY LATE MORNING
Hamas says it agrees to release Edan Alexander, four others, for Eid al-Fitr ceasefire – report
The terrorist organization reportedly needs the ceasefire for a few days in order to suppress anti-Hamas protests.
By JERUSALEM POST STAFFMARCH 29, 2025 05:45Updated: MARCH 31
Hamas has expressed its approval of the new proposal for a ceasefire in Gaza during Eid al-Fitr and has agreed to release Israeli-American hostage Edan Alexander, and four other hostages, UK-based Qatari news organization Al-Araby Al-Jadeed reported Saturday afternoon, citing Egyptian sources.
Hamas’s conditions for releasing the select group of hostages has not been revealed, Israeli public broadcaster Kan News noted on Friday, but states that the terrorist organization needs the ceasefire for a few days in order to suppress anti-Hamas protests that have been held by Palestinians in the enclave this week.
This new brief agreement includes intensive talks between Qatar and the United States, according to the Kan report.
The Kan report comes only a day after the United States delivered a message to Hamas via Qatari intermediaries in an effort to bring about Alexander’s release.
The report stated that Qatar had transmitted the message to Hamas as a token to US President Donald Trump.
Earlier reports on Alexander
Hamas was previously accused by Israel of deviating from the US proposal for a ceasefire extension after the terror organization announced it would release Alexander. A week prior, N12 revealed that released hostages conveyed a sign of life from Alexander, who is being held in an underground tunnel without air or sunlight and is severely malnourished and underweight due to a lack of food. He had reportedly also been tortured.
In late November, Hamas published a propaganda video of Alexander, where he spoke a mix of Hebrew and English. It then switches to footage of Alexander covering his face with his hands and crying.
Adi Alexander, Edan’s father, told The Jerusalem Post that less than 24 hours before the video was released, it had been over a year since the Alexander family received any sign of life from their son.
Alexander was serving as a lone soldier from Tenafly, New Jersey, and was kidnapped by Hamas on October 7, 2023 near the Gaza border. He moved to Israel and began his IDF service after graduating high school.
Eid al-Fitr, which begins on Sunday, marks the end of the Ramadan fast.
ISRAEL HAMAS
Israel conveys counter-proposal to Gaza deal mediators amid reports of Hamas agreeing to proposal
The terrorist organization reportedly needs the ceasefire for a few days in order to suppress anti-Hamas protests.
By JERUSALEM POST STAFF, WALLA!MARCH 29, 2025 05:45Updated: MARCH 29, 2025 20:03
Israel has conveyed its counter-proposal to the Gaza deal mediators in full coordination with the US in the last few hours, the Prime Minister’s Office said in a statement Saturday evening, following reports that Hamas agreed to the Egyptian offer to release five live hostages.
Prime Minister Benjamin Netanyahu held a series of consultations on Friday following the proposal received from the Gaza deal negotiators.
The five hostages would be released in exchange for renewing the ceasefire in Gaza until after Passover and beginning negotiations on a long-term ceasefire, an Israeli official told Walla earlier in the evening.
Hamas previously voiced its approval of the new proposal for a ceasefire in Gaza during Eid al-Fitr to Egyptian officials, who told UK-based Qatari news organization Al-Araby Al-Jadeed on Saturday that Hamas had agreed to release Israeli-American hostage Edan Alexander and four other hostages.
Hamas’s conditions for releasing the select group of hostages has not been revealed, Israeli public broadcaster Kan News noted on Friday, but states that the terrorist organization needs the ceasefire for a few days in order to suppress anti-Hamas protests that have been held by Palestinians in the enclave this week.
The Israeli official said that the Egyptian proposal was very similar to the one presented by US Middle East envoy Steve Witkoff several weeks ago during Doha negotiations. At the time Hamas rejected the proposal. The Israeli official also said that the proposal may also include the release of hostages who have died.
This new brief agreement includes intensive talks between Qatar and the United States, according to the Kan report.
In response to these reports, the Hostages and Missing Families Forum questioned, “Why only some, when all can be brought home?”
“The Hostages and Missing Families Forum would wholeheartedly welcome the return of any hostage—whether for recovery or burial—but we cannot ignore the fact that the reported framework is insufficient and does not offer a comprehensive solution for the return of all the hostages,” the organization said in a statement.
“We appeal to the prime minister, [Strategic Affairs] Minister Ron Dermer, and cabinet members: Why only some, when all can be brought home?”
The forum called for the return of all 59 remaining hostages in Gaza in one single immediate phase and an end to the fighting.
The Kan report comes only a day after the United States delivered a message to Hamas via Qatari intermediaries in an effort to bring about Alexander’s release.
The report stated that Qatar had transmitted the message to Hamas as a token to US President Donald Trump.
Earlier reports on Alexander
Hamas was previously accused by Israel of deviating from the US proposal for a ceasefire extension after the terror organization announced it would release Alexander. A week prior, N12 revealed that released hostages conveyed a sign of life from Alexander, who is being held in an underground tunnel without air or sunlight and is severely malnourished and underweight due to a lack of food. He had reportedly also been tortured.
In late November, Hamas published a propaganda video of Alexander, where he spoke a mix of Hebrew and English. It then switches to footage of Alexander covering his face with his hands and crying.
Adi Alexander, Edan’s father, told The Jerusalem Post that less than 24 hours before the video was released, it had been over a year since the Alexander family received any sign of life from their son.
Alexander was serving as a lone soldier from Tenafly, New Jersey, and was kidnapped by Hamas on October 7, 2023 near the Gaza border. He moved to Israel and began his IDF service after graduating high school.
Eid al-Fitr, which begins on Sunday, marks the end of the Ramadan fast.
Amichai Stein, Hannah Sarisohn, and Sarah Moskowitz contributed to this report.
ISRAEL HAMAS
ISRAEL/WEST BANK
Masked settlers attack Masafer Yatta, leaving several seriously injured
Masked settlers attacked a village in the Masafer Yatta area for the second time in a week, leaving several people injured.
By YUVAL BARNEAMARCH 29, 2025 12:55
A group of masked men attacked residents of the Masafer Yatta area, south of Hebron, for the second time in a week on Friday, according to CCTV footage published by Yuval Abraham on the same day.
Abraham, alongside Palestinian director Hamdan Ballal, won an Oscar for their film No Other Land, which is based in Masafer Yatta. He published the videos showing a group of around 15 masked men attacking residents of the village with clubs and by hand.
Later, he published videos showing several seriously injured people who were bleeding from their heads and said they were victims of the attack.
What happened in Masafer Yatta?
In one video, a group of around 15 masked men can be seen charging up a hill toward the village.
In another video, the men can be seen beating a young man. Initially, one man beats him with a club, then several other men arrive and knock him to the floor before stomping on him and beating him with clubs.
The initial attacker begins to leave before returning to hit the resident several more times on the ground.
Abraham posted a final video showing several people lying on the floor, bleeding from their heads, which he says is a result of the attack. He added that they were suffering from brain hemorrhages and skull fractures.
Masafer Yatta has been a regular target for attacks for several years; the most recent attack occurred earlier this week when Hamdan Ballal, Abraham’s co-director and resident of Masafer Yatta, was attacked, hospitalized, and arrested. Ballal was released without charge the following day.
No Other Land, which has brought increased attention to the events in this region of the West Bank, chronicles violence by settlers against Palestinians in the West Bank and the expulsions of Palestinians in Masafer Yatta.
Masafer Yatta is a region of the West Bank southeast of Yatta in which about 20 Palestinian unrecognized villages are located. The villages remain unrecognized due to a dispute between the villagers and the IDF.
The area was designated an IDF training zone in 1981 via cabinet decision. Residents appealed to the Supreme Court to overturn the decision, stating that they had been present in the area prior to the decision to declare it a training zone.
In 2022, the Supreme Court ruled that there was no evidence of permanent habitation in the area prior to 1980. The Supreme Court did note the existence of temporary buildings and structures but found that none met the criteria for permanent residency.
Hannah Brown contributed to this report.
ISRAEL/HAMAS
Hamas blamed for abduction and murder of Gaza dissident
Hamas loyalists claimed that his alleged participation in anti-Hamas protests meant he was a “traitor.”
By OHAD MERLINMARCH 30, 2025 14:57
Odai al-Rabei, a 22-year-old Gazan, was abducted, tortured, and murdered by Hamas terrorists belonging to the Izz al-Din al-Qassam Brigades, according to al-Rabei’s family.
Some reports alleged that his body was dragged in the streets until it was finally returned to the family home. However, this series of events quickly escalated into a heated debate between those who were appalled by the act and some Hamas loyalists who justified Hamas’s actions while accusing al-Rabei of treason.
Videos circulated showing graphic images of al-Rabei’s body, which appeared to have suffered torture. Other videos showed al-Rabei’s funeral procession held in Gaza on Sunday, in which thousands of participants declared in rage: “In spirit and blood we’ll redeem you, Odai!,” “Allahu Akbar,” as well as “Out, out, out! Hamas out!”
Additionally, the family issued a statement on video, which accused the killers of being “A sinful, rogue group affiliated with the Qassam Brigades,” adding that “They dragged him and tortured him to death with all kinds of hard tools…They killed him treacherously.”
The family called to deal with “These unjust criminals who unjustly killed this Muslim… with an iron fist,” adding that they would have no consolation until revenge is taken on the killers. They further stressed: “Odai fasted Ramadan, he prayed, and he read the Quran… We call on all human rights organizations and institutions to stand in support of the people of Gaza against these criminals. O Allah, take revenge.”
One blogger lamented al-Rabei’s death, adding: “for a year and a half, Udai survived Merkava tank launchers, F-16 missiles, and complete annihilation. In the end, he fell as a martyr at the hands of the movement that claims to be in Gaza to defend him. This is the true face of Hamas. This is what the Gazans came out to reveal to us. This is the price to pay for those who say no to the rule of the Brotherhood militia. Shame on the movement that has been oppressing a hungry, displaced, and lonely people for a year and a half.”
At the same time, Hamas loyalists on social media refused to lament al-Rabei’s killing, accusing him of treason. One of them wrote: “May God protect al-Qassam and bless them. As for those traitors whom Israel recruited to carry out its work, Israel was unable to defeat Hamas militarily, so it tried to resort to traitors. For your information, these traitors are a thousand times more dangerous than Israel because they live among the resistance fighters.”
“The resistance does not kill anyone without a reason… if you know you know…” said another one, while a third one added: “The resistance kills only Zionists and traitors.” A fourth commenter also claimed: “Certainly he was a spy and an agent, and because of him many were martyred due to the information he gave to the Zionists,” while a fifth one alleged: “Just another dead one from Fatah like all others.”
Gaza protests
These events took place against the backdrop of an already tumultuous scene in the streets of Gaza, as last week saw a rare wave of anti-Hamas protests in the northern part of the Gaza Strip, where marchers accused Hamas of “terrorism” and openly called for its abdication of power.
end
ISRAEL/WEST BANK
Israeli forces arrest West Bank terror cell funded by Hamas
The investigation by the Shin Bet and the police found that the cell was working under the direct direction of Hamas in Turkey.
By JERUSALEM POST STAFFMARCH 31, 2025 11:46Updated: MARCH 31, 2025 14:47
The Shin Bet, Israel Police, and the IDF arrested a Palestinian terror cell from Nablus in a joint operation on Monday, the security forces said.
The cell had been operating under the direction and funding of Hamas’s headquarters in Turkey, with the goal of carrying out shooting and bombing attacks.
As part of the search, an M16 rifle and $60,000 in cash were seized.
The six Palestinian suspects were revealed to have been arrested during the months of January-February on suspicion of involvement in terrorist activity, including planning and carrying out shooting attacks and planting explosive devices.
The investigation by the Shin Bet and the police found that the cell was working under the direct direction of Hamas in Turkey.
All the suspects were transferred for questioning. Intelligence from this led Israeli forces to locate a buried wire explosive device in the West Bank.
Explosive device
The device consisted of a large metal case containing explosives, and was successfully dismantled.
SYRIA
Sanctioned Syrian Population Desperately Trying To Access Oil & Gas
Sunday, Mar 30, 2025 – 07:35 AM
Syria’s severe power shortages have continued throughout the country, also as many towns and cities remain largely destroyed following well over a decade of war. Rebuilding seems nowhere on the horizon as access to global investment and materials has been blocked by Washington.
The post-Assad Hayat Tahrir al-Sham government under Jolani (former AQ/ISIS commander) has just announced a tender to purchase around 7 million barrels of light crude oil, according to a fresh petroleum ministry statement.
The purchase of 7 million barrels of light crude oil is to supply to the Baniyas refinery, Syrian media has specified.
Further, this week has seen limited efforts the ease the population’s ongoing petrol woes. State-run SANA announced Tuesday, for example, that ship carrying 5,600 tons of gasoline arrived at the oil terminal of the Syrian Oil Transport Company Syrian Petroleum in Baniyas.
The last several years, as US sanctions have tightened, have seen long lines at gas stations and people having to ration fuel.
Additionally, cities and households have had to endure the majority of the day with no electricity. Often this is merely an hour of power to homes a day, but there are reports that Damascus this month has improved to several hours of electricity daily.
This bettered energy situation in the capital may be the first fruits of a deal which was struck with Qatar two weeks ago. “Qatar will provide natural gas supplies to Syria with the aim of generating 400 megawatts of electricity a day, in a measure to help address the war-battered country’s severe electricity shortages,” as quoted in SANA.
“Syria’s interim Minister of Electricity Omar Shaqrouq said the Qatari supplies are expected to increase the daily state-provided electricity supply from two to four hours per day,” AP also reported.
“Under the deal, Qatar will send 2 million cubic meters of natural gas a day to the Deir Ali power station, south of Damascus, via a pipeline passing through Jordan,” the report indicated.
It’s still unclear what future fate awaits the oil and gas fields of Syria’s northeast Deir Ezzor and Hasakah regions. US troops and their proxies – the Syrian Democratic Forces – still occupy these. Pre-occupation Syria drew enough resources from these fields in order to supply domestic needs.
US sanctions have all the while sought to cut off the flow of Iranian or Russian oil to the country. For now Trump appears willing to keep the sanctions in place, even with Assad gone.
END
SYRIA
Jolani Unveils New Government For Syria, White Helmets Leader Appointed Minister
by Tyler Durden
Monday, Mar 31, 2025 – 09:25 AM
Syria’s self-declared interim President Ahmad al-Sharaa announced the formation of the country’s new transitional government late on Saturday. “The formation of a new government today is a declaration of our joint will to build a new state,” Sharaa said during a speech marking the formation.
Several of his top officials have retained their posts, including Foreign Minister Asaad al-Shaibani and Defense Minister Murhaf Abu Qasra. Anas Hassan Khattab, who served as intelligence director after the fall of the former government of Bashar al-Assad, was appointed as Minister of Interior.
All three were members of Sharaa’s extremist Hayat Tahrir al-Sham (HTS) organization, the former branch of Al-Qaeda in Syria (when it was known as the Nusra Front), which has been officially dissolved, but retains the bulk of its fighting formation as part of the country’s new army and security apparatus.
The formation comes as Sharaa has been under increasing western pressure lately to establish an inclusive administration, weeks after his government forces killed over 1,500 Alawite civilians in a series of bloody sectarian massacres in early March.
Hind Qabawat, a Christian and a former member of the Riyadh-based Syrian Negotiation Commission, was appointed Minister of Social Affairs and Labor. She is the only woman in the newly appointed transitional government.
An Alawite, Yarub Badr, was named as Transport Minister. Member of the Druze community, Amgad Badr, was appointed as Minister of Agriculture.
Mohammad Bashir, who was prime minister in the caretaker government following the fall of Assad’s government on December 8, 2024, has been made Energy Minister. There is currently no prime minister, as the temporary constitution signed by Sharaa recently states that a secretary-general will lead the government.
Raed Saleh, leader of the White Helmets group, which now operates as the official Syrian Civil Defense, was appointed Minister of Emergency Situations and Disasters. The White Helmets worked closely with Al-Qaeda throughout the Syrian war and participated in its executions.
Saleh previously praised US airstrikes on Syria during US President Donald Trump’s first term. Mazhar al-Wais, another former HTS and Nusra Front member, was appointed Justice Minister, replacing the controversial Shadi Mohammad al-Waisi, who was seen in videos from 2015 directing the execution of women.
Syrian Kurd Mohammad Terko was made Minister of Education. No representatives of the US-backed Syrian Democratic Forces (SDF) or the affiliated Autonomous Administration of North and East Syria (AANES) were appointed to the government.
Sharaa signed a temporary constitution on 13 March after receiving it from a committee of legal experts that drafted it. The president had previously claimed that drafting a constitution and holding elections in Syria would take several years.
Days before the temporary constitution was signed, government forces massacred well over 1,500 Alawite civilians during a violent security operation to quell an armed uprising on the Syrian coast carried out by elements of Syria’s former military.
IRAN
Iran’s water crisis at tipping point in threat to Islamic regime’s stability
Iran expert Dr. Sharona Mazalian Levi says prolonged water outages, empty reservoirs, and crop failures may be a recipe for social unrest.
By OHAD MERLINMARCH 30, 2025 19:06Updated: MARCH 30, 2025 21:45
“Iran is drying up,” Dr. Sharona Mazalian Levi from The Alliance Center for Iranian Studies at Tel Aviv University affirmed, painting a grim picture of what she described as one of the most pressing environmental challenges facing the Islamic Republic today.
“Iran is facing an unprecedented water crisis that threatens the nation’s stability,” Mazalian Levi said. She explained that multiple factors have converged to create this critical situation, with several major provinces now reaching what she deemed “a tipping point.”
According to Mazalian Levi, the Iranian Energy Ministry declared last week that the provinces of Tehran, Isfahan, Razavi Khorasan, and Yazd are facing a severe water crisis. She highlighted the alarming state of the Karaj Dam, which supplies water to millions in Tehran and the surrounding areas.
“The Karaj Dam is now at only 6% of its capacity,” she noted, referencing reports from Tasnim news agency that 94% of the reservoir is empty. “This isn’t just an environmental issue; it’s a potential catalyst for civil unrest and disorder that could lead to national instability.”
Two of the main catalysts for the crisis are what Mazalian Levi named “poor management of the water sector,” as well as a population growth of more than 250% in only 50 years. “This includes over-extraction from natural water sources and aquifers to the point of depletion,” she added.
However, Mazalian Levi traced the origins of the crisis further back in history. According to the researcher, following the 1979 revolution, Iran found itself internationally isolated and was forced to develop an autarkic economic system. Religious leaders, including then-supreme leader Ruhollah Khomeini, encouraged citizens to embrace farming and agriculture as a way of life, drawing from texts regarding the Prophet Muhammad himself.
“This agricultural push significantly increased water usage at a time when the country was still relying on outdated and inefficient irrigation technologies,” she explained. “Simultaneously, Iran experienced tremendous population growth, from approximately 37 million on the eve of the revolution to around 90 million today.”
Mazalian Levi also pointed out that the influx of millions of undocumented Afghani migrants has further strained resources, creating an exponential rise in demand for water. Urban migration has compounded the problem, with rural residents moving to major cities like Tehran, Mashhad, and Karaj, placing even greater pressure on urban water supplies.
“The most important river in Afghanistan, the Helmand, flows into Iran,” Mazalian Levi explained.
“According to a 1973 agreement, the Afghans pledged to transfer around 820 million cubic meters of water to neighboring Iran yearly (with an option to lower the quantities in case of water scarcity). However, recently, the Afghan government violated the agreement and blocked the flow to the Islamic Republic, which intensified the already tense relations between the Shi’ite and Sunni neighbors,” the Iran expert added.
Social upheaval and frustration
The consequences of these developments are being felt across Iranian society. Mazalian Levi described a dire situation where authorities deliberately cut off water supply lines, often for extended periods and without prior notice.
“People are left with murky water and even mud coming out of their taps,” she said, citing video evidence from the city of Ahvaz. “Water tankers are being dispatched across the country, medical teams find themselves preparing for surgery without water, and household activities are disrupted without warning.”
She shared an example from a news report about a frustrated resident in the city of Pardis in Tehran Province who complained that water flows through taps for only two hours per day.
The agricultural sector has been hit particularly hard. Farmers are being forced to abandon water-intensive crops like wheat and rice in favor of varieties more suited to drought conditions. Many are giving up farming altogether and migrating to cities in search of alternative employment.
“Crop variety is shrinking, and the country’s food security is being undermined,” Mazalian Levi warned. “There are real shortages of fruits, vegetables, legumes, grains, and oils, leading to rising food prices and increased dependence on imported food.”
This dependence is especially problematic given the hyperinflation Iran has experienced in recent years, making imported food prices increasingly volatile and unaffordable for many Iranians.
Nature directly affected
Another actor directly affected by the water crisis in Iran is nature itself, as demonstrated by Lake Urmia, a salty lake located in northwestern Iran between the provinces of West Azerbaijan and East Azerbaijan.
According to Mazalian Levi, in the past, the lake was one of the largest salt lakes in the world and the largest in the Middle East at about 5,700 square kilometers. However, according to estimates, its area is now less than 1,000 sq.km.
“Over the past few decades, Lake Urmia has experienced significant drying, which has led to a drastic decrease in its size,” Mazalian Levi explained.
“The reasons for this are varied. First, the country has built many dams on the rivers and streams that flow into the lake for the benefit of the agricultural and irrigation industries in the region and industrial plants. In this way, the diversion of water sources has reduced the amount of water flowing into the lake.”
“Secondly, climate change and the decrease in precipitation have also reduced the amount of water reaching the lake. Thirdly, over-pumping of groundwater and salt in the area for the production of industrial salt and food [has impacted the water level].”
According to Mazalian Levi, the drying up of Lake Urmia has also damaged the regional ecosystem that existed there.
“The lake was an important and central habitat for a wide variety of animals, including Persian ibex, goats, sheep, fish with special tolerance to the salty environment of the water, birds such as pelicans, ducks, flamingos, and more” the researcher elaborated. “Some of the unique animals became extinct or disappeared from the regional landscape, and the diversity of the fauna has decreased dramatically.”
However, this was not the only damage; it also affected the residents of the area. The decrease in the water level has brought with it new phenomena that have made it difficult for the residents of the area, such as salt and dust storms, which cause respiratory diseases and burning eyes.
“Local tourism and fishing have also been affected. Over the past decade, the Iranian government has promised to restore the lake, but this is a very complex challenge. Dams have been opened to restore natural flow to the lake, but this does not seem to be enough to turn the tide.”
Finally, Mazalian Levi emphasized that water – the most fundamental source of life – has become a critical factor that could determine Iran’s future stability and resilience. The government’s appeals for water conservation appear to have had limited impact in a society where, as she put it, “It’s every person for themselves in the face of this escalating crisis.”
end
HOUTHIS/SATURDAY
Fresh US airstrikes against Houthi rebels kill at least 1 in Yemen
Satellite photos show US moving more stealth bombers to Indian Ocean base in striking distance of Yemen and Iran; rebels have launched 7 missile attacks at Israel since March
By Jon GambrellToday, 3:18 pM
In this image made from video, smoke rises after a blast in Sanaa, Yemen, Friday, March 28, 2025. (AP Photo)
DUBAI, United Arab Emirates (AP) — Suspected US airstrikes pounded Yemen overnight into Saturday, reportedly killing at least one person as the American military acknowledged earlier bombing a major military site in the heart of Sanaa controlled by the Houthi rebels.
The full extent of the damage and possible casualties wasn’t immediately clear. The attacks followed a night of airstrikes early Friday that appeared particularly intense compared to other days in the campaign that began March 15.
An Associated Press review has found the new American operation under US President Donald Trump appears more extensive than those under former President Joe Biden, as the US moves from solely targeting launch sites to firing at ranking personnel as well as dropping bombs in cities.Keep Watching
Meanwhile, satellite photos analyzed by the AP show a mysterious airstrip just off Yemen in a key maritime chokepoint now appears ready to accept flights and B-2 bombers within striking distance of the country Saturday.
New strikes come as US releases video of one bombing
The strikes into Saturday targeted multiple areas in Yemen under the control of the Iranian-backed Houthis, including the capital, Sanaa, and in the governorates of al-Jawf and Saada, rebel-controlled media reported. The strikes in Saada killed one person and wounded four others, the Houthi-run SABA news agency said.
SABA identified the person killed as a civilian. Houthi fighters and their allies often aren’t in uniform. However, analysts believe the rebels may be undercounting the fatalities given the strikes have been targeting military and intelligence sites run by the rebels. Many of the strikes haven’t been fully acknowledged by the Houthis — or the US military — while the rebels also tightly control access on the ground.
One strike early Friday, however, has been confirmed by the US military’s Central Command, which oversees its Mideast operations. It posted a black-and-white video early Saturday showing an airstrike targeting a site in Yemen. While it didn’t identify the location, an AP analysis of the footage’s details corresponds to a known strike Friday in Sanaa. The footage shows the bomb striking the military’s general command headquarters held by the Houthis, something the rebels have not reported.
The Houthi-controlled Telecommunications and Information Technology Ministry in Sanaa separately said US strikes on Friday destroyed “broadcasting stations, communication towers and the messaging network” in Amran and Saada governorates. The strikes in Amran around the Jebel Aswad, or “Black Mountain,” had appeared particularly intense.
US campaign follows Houthi shipping threats
The new campaign of airstrikes, which the Houthis now say have killed at least 58 people, started after the rebels threatened to begin targeting “Israeli” ships again over Israel blocking aid entering the Gaza Strip. The rebels in the past have had a loose definition of what constitutes an Israeli ship, meaning other vessels could be targeted as well.
The Houthis began attacking the vital Red Sea maritime route in November 2023, a month after fellow Iran-backed group Hamas stormed southern Israel on October 7, 2023, to kill some 1,200 people and take 251 hostages, sparking the war in Gaza.
They had targeted over 100 merchant vessels with missiles and drones, sinking two vessels and killing four sailors before they paused their attacks in January of this year, after Israel and Hamas reached a ceasefire and hostage deal.
Since March 18, when the IDF resumed its offensive against Hamas in the Gaza Strip, they have launched at least seven missile attacks against Israel, the most recent of which occurred on Thursday. They have all been intercepted without causing significant damage.
Houthi supporters display a giant Palestinian flag during a weekly anti-U.S. and anti-Israel rally in Sanaa, Yemen, Friday March, 28, 2025. (AP Photo/Osamah Abdulrahman)
The attacks greatly raised the Houthis’ profile as they faced economic problems and launched a crackdown targeting any dissent and aid workers at home amid Yemen’s decade-long stalemated war that has torn apart the Arab world’s poorest nation.
The Houthis have begun threatening both Saudi Arabia and the United Arab Emirates, two American allies in the region, over the US strikes. That’s even as the nations that have sought a separate peace with the Houthis have stayed out of the new US airstrike campaign.
An AP analysis of satellite photos from Saturday shows the American military has moved at least four long-range stealth B-2 bombers to Diego Garcia in the Indian Ocean — a base far outside of the range of the rebels that avoids using allies’ Mideast bases. Three had been earlier seen there this week.
That means a fourth of all the nuclear-capable B-2s that America has in its arsenal are now deployed to the base. The Biden administration used the B-2 with conventional bombs against Houthi targets last year.
This satellite photo from Planet Labs PBC shows four B-2 stealth bombers parked at Camp Thunder Cove in Diego Garcia on March 29, 2025, as a US airstrike campaign continues against Yemen’s Houthi rebels. (Planet Labs PBC via AP)
The aircraft carrier USS Harry S. Truman has launched attacks from the Red Sea and the American military plans to bring the carrier USS Carl Vinson from Asia as well.
Meanwhile, France said its sole aircraft carrier, the Charles de Gaulle, was in Djibouti, an East African nation on the Bab el-Mandeb Strait, which links the Red Sea to the Gulf of Aden. The French have shot down Houthi drones in the past, but they are not part of the American campaign there.
Mysterious airstrip in Bab el-Mandeb appears ready
Satellite images Friday from Planet Labs PBC show an airstrip now appears ready on Mayun Island, a volcanic outcropping in the center of the Bab el-Mandeb. The images showed the airstrip had been painted with the designation markings “09” and “27” to the airstrip’s east and west respectively.
A Saudi-led coalition battling the Houthis had acknowledged having “equipment” on Mayun, also known as Perim. However, air and sea traffic to Mayun has linked the construction to the UAE, which backs a secessionist force in Yemen known as the Southern Transitional Council.
Advertisement
This satellite photo from Planet Labs PBC shows an airstrip on Mayun Island, also known as Perim Island, in the Bab el-Mandeb Strait off Yemen on Friday, March 28, 2025. (Planet Labs PBC via AP)
World powers have recognized the island’s strategic location for hundreds of years, especially with the opening of the Suez Canal linking the Mediterranean and Red Seas.
The work on Mayun follows the completion of a similar airstrip likely constructed by the UAE on Abd al-Kuri Island, which rises out of the Indian Ocean near the mouth of the Gulf of Aden.
Times of Israel Staff contributed to this report.
END
HOUTHIS/ISRAEL/SUNDAY
Missile fired from Yemen triggers sirens across central Israel, Jerusalem area
The military said it had intercepted the missile before it crossed into Israeli territory.
By JERUSALEM POST STAFFMARCH 30, 2025 10:42Updated: MARCH 30, 2025 14:50
The IDF intercepted a ballistic missile that was launched from Yemen before it crossed into Israeli territory, the military said on Sunday.
Starting at 10:41 a.m., the launched missile triggered rocket sirens across central Israel, the Shfela, and Jerusalem areas.
Alerts sounded in Tel Aviv, Holon, and Yavne, ranging as far north as Herzliya and as far south as Telem in the West Bank. Top ArticlesRead More
Initially, Israel’s emergency response service, Magen David Adom (MDA), said it had not received reports of injuries. However, it later noted its paramedics were providing medical treatment to two people who had been injured while running to a safe area.
MDA said a woman in her 40s was in moderate condition after she fell into a pit on Route 1 when running for shelter. An additional woman in her 30s was suffering from light injuries after the door of a safe area had hit her.
Police said a fragment of an interceptor had impacted in a soccer field in the Tzur Hadassah area while additional shrapnel from an interceptor fell on the roofs of homes, that of a car North of Beit Shemesh and on Route 375.
US strikes Houthi targets
The US has recently carried out widespread attacks against the Houthis in Yemen.
On Friday, CENTCOM announced the US Air Force launched several strikes against the Iran-backed terror group.
This is a developing story.
TURKEY
Erdogan’s mistake: Israeli professor explains the spark of Turkey’s anti-regime protests
The Jerusalem Post Podcast with Tamar Uriel-Beeri and Sarah Ben-Nun
By JERUSALEM POST STAFFMARCH 27, 2025 15:35
Turkish President Recep Tayyip Erdogan has made a mistake in having his main opposition arrested, and the result is protests pouring out into the streets, Prof. Efraim Inbar, president of the Jerusalem Institute for Strategy and Security, told Sarah Ben-Nun on The Jerusalem Post Podcast.
“Erdogan has been the dominant figure in Turkish politics since the beginning of the century,” Inbar said. “He’s extremely successful politician. He’s very articulate. He is charismatic. He has control over the crowds. It’s incredible to see him speak to the crowds during the election campaign or on other occasions, and he gradually turned Turkey into a more authoritarian state. Turkey was never full democracy because the army had certain roles there, and it engaged in coups, but Erdogan was successful in making his party, the AKP, into a hegemonic party in Turkey.”
Politically, however, the AKP has seen a decline.
This has helped lead to the country’s current state of political tension.
“In Turkey, there is a multi-party system, a lot of parties who are fighting among themselves,” Inbar said. “And in the last elections, there was some kind of coalition between the opposition parties, but they lost.” He elaborated how the regime has heavily cracked down on opposition, jailing journalists, politicians, and generals.
In doing so, they arrested Ekrem Imamoglu, the mayor of Istanbul who was selected by the opposition CHP party to be their presidential candidate who will oppose Erdogan.
This, Inbar said, was a mistake.
“I think Erdogan made a mistake,” he said. “This is something that obviously creates opposition, and much of the anti-Erdogan sentiments came out into the streets.”
How Erdogan used religious and traditionalist sentiments in Turkish politics
Since its establishment, Turkey has had very widespread secularization policies, including preventing women from wearing hair coverings while entering universities and government buildings.
This is where Erdogan, an Islamist, was able to swoop in and take advantage of this type of “secularist excess,” Inbar said.
“Erdogan, I think, was very successful in capitalizing on these feelings that the secularists went too far. In imposing their values, they were not tolerant enough. So he became the paragon of tolerance and democracy, in contrast to the secularist Kemalist elite.”
However, while this led Erdogan to great political success and helped him spread his views in Turkey, a growing secular population also spread to many of the major cities.
Turkey “encourages increasing the birthrate in the country. They want a greater population [and] believe it will give the country more strength, which it does,” Inbar said. This leads to more young people who move to the cities, and these younger Turks are, Inbar explained, less conservative and less traditional, which puts them outside of Erdogan’s main base of support.
“There is a growing reluctance within the Turkish public, particularly the more secular-oriented public, which lives in the cities,” Inbar said. “They are, of course, more Western. They are more sensitive to the human rights violations of the regime.”
END
RUSSIA VS UKRAINE
FUN AND GAMES
Zelensky knows much of the money sent to Ukraine landed back to Democrat policians
(zerohedge)
“We Will Not Allow It”: Zelensky Rejects New Mineral Draft That Would Recognize US Support As Loans
Friday, Mar 28, 2025 – 06:50 PM
Ukrainian President Volodymyr Zelensky said during a Friday press conference that he won’t recognize past US military aid as loans, after Washington sent a new draft of the minerals deal to Kiev.
“Ukraine received a new agreement project from the U.S. regarding mineral resources, which is an entirely different document from the previous framework agreement,” said Zelensky, adding “Ukraine will not recognize U.S. military aid as debt.“
“We are grateful for the support, but this is not a credit, and we will not allow it,” Zelensky continued.
The Ukrainian president also said that they are unwilling to negotiate with Russian President Vladimir Putin “or with someone who would represent Russia,” and instead said “I think that if there are people, I think there are businesses in Russia, and they have many different regions, including serious business areas. I think that we would communicate with them if they have a vision of how to end the war”
Via @oleshkomyroslav
One Ukrainian lawmaker said on Telegram that the revised mineral agreement is a “horror” that offers no security guarantees from Washington.
Lwwmaker Yaroslav Zheleznyak, a People’s Deputy from Ukraine’s Holos party, said he obtained a new draft of the mineral deal from the U.S., dated March 23 – which he says would grant the Untied States access to all existing and future mineral deposits across Ukraine, along with oil and gas throughout the country.
According to Zheleznyak, the new agreement contains “not even a hint” of security guarantees – though he did note that the revised draft wasn’t final, “and I hope that the Ukrainian side will demand and achieve significant changes to it.”
“This is no longer a framework memorandum of intent, like the one discussed before the scandalous Oval Office meeting,” said Zheleznyak, adding “This is a full-fledged, very clear agreement. And it’s not in our favor.”
“It can and must be changed. Otherwise, I don’t see how it could be ratified by parliament.“
* * *
The response comes as Kiev and Washington continue to dance around a deal that would allow the US access to Ukraine’s mineral deposits, which was originally proposed by Zelensky as part of his five-point “Victory Plan” unveiled last October to secure US support.
Trump, meanwhile, suggests that the mere presence of American contractors in Ukraine would act as a security guarantee – something Zelensky has rejected.
In a March 12 press release, the US State Department confirmed that Washington DC has provided $66.5 billion in military assistance to Ukraine during the war with Russia which began in 2022, adding that $69.2 billion in military assistance has been provided since 2014.
“We have now used the emergency Presidential Drawdown Authority on 55 occasions since August 2021 to provide Ukraine military assistance totaling approximately $31.7 billion from DoD stockpiles,” read the State Department memo.
Needless to say, this won’t be over anytime soon at this rate…
Has Z said thank you lately?
end
RUSSIA/UKRAINE/MONDAY
Russia Captures Several More Villages In Eastern & Southern Ukraine
by Tyler Durden
Monday, Mar 31, 2025 – 02:45 AM
Russian forces have continued rolling up villages in the east and south of Ukraine on Saturday and Sunday. A full battlefield press has continued even amid President Trump’s efforts to get all sides at the negotiating table.
First, on Saturday Russia’s defense ministry announced the capture of the two villages of Shchebraki in the southern Zaporizhzhia region and Panteleimonivka in the eastern Donetsk region.
“Russia is making a mockery of peacekeeping efforts around the world. It is dragging out the war and sowing terror because it still feels no real pressure,” Zelensky has said, condemning also stepped up drone strikes.
For example in the overnight and early Saturday hours there had been over 170 drones launched on Ukraine. Four people had been killed in Dnipro after a strike hit a hotel, injuring an additional 21 – including a pregnant woman.
On Sunday another key village was captured which lies less than ten kilometers from Ukraine’s central Dnipropetrovsk region. This particular boundary has not yet been breached after more than three years of war.
Russian forces “liberated the village of Zaporizhzhia” in the eastern Donetsk region, the defense ministry said.
Ukraine forces are still on the retreat in Kursk region, but there are reports of new fighting erupting inside Russia’s Belgorod.
“Just as Ukrainian forces are losing their grip on the pocket of Russia’s Kursk region they captured last year, they have staged a little-publicized incursion into the adjacent Belgorod region, according to Russian military bloggers,” Reuters reports.
“Several Russian military correspondents said on Friday that Ukrainian troops were inside Belgorod and fighting battles with Russian forces there,” the report adds.
As for the now failed Kursk operation, The NY Times has offered some new information on Washington and Kiev clashing on whether or not to launch the operation in the first place.
Via ‘War Mapper’: An overview map of the situation in Ukraine as of 27 March 2025.
“For the Americans, the incursion’s unfolding was a significant breach of trust. It wasn’t just that the Ukrainians had again kept them in the dark; they had secretly crossed a mutually agreed-upon line, taking coalition-supplied equipment into Russian territory,” the Times report states.
“It wasn’t almost blackmail, it was blackmail,” a Pentagon official said, based on an apparent agreement that Ukrainians could only fire American weapons within a limited zone.
END
RUSSIA/UKRAINE/FRANCE UK/SATURDAY
Russia Says UK & France Behind Latest Attack On Its Energy Infrastructure
Saturday, Mar 29, 2025 – 08:45 AM
There’s been another reported attack on the Sudzha pipeline infrastructure in Russia’s Kursk Region on Friday. Foreign Ministry spokeswoman Maria Zakharova conveyed to journalists a Russian military assessment saying a metering facility was “de facto destroyed” in a Ukrainian HIMARS attack.
But unlike some of the prior Ukrainian attacks on the area, the Kremlin is directly blaming the West, going to far as to say that orders for the new strike came directly from European capitals.
We “have reasons to believe that targeting and navigation were facilitated through French satellites and British specialists input [target] coordinates and launched [the missiles],” Zakharova said, as cited in national media.
“The command came from London,” she emphasized, describing it as part of a West-backed “terror” campaign meant to degrade and destroy Russia’s energy infrastructure.
The Kremlin has concluded this demonstrates that Kiev is “impossible to negotiate with,” she explained. The Ukrainians have done nothing to actually uphold the energy ceasefire put forward by Trump, despite that Zelensky “publicly supported” it, she said, suggesting it was all an empty game.
“Over the past 24 hours, the Kyiv regime continued its attacks on Russian energy infrastructure using various types of drones and HIMARS multiple rocket launchers,” the Russian military had also described.
Russia has alleged Ukraine launched rockets on the Sudzha facility, which had already been damaged in an earlier attack this week, along with nearly 20 drones launched at an oil refinery in the southern Saratov region.
Ukraine is meanwhile denying the Russian allegations, instead suggesting it’s a false flag orchestrated by Moscow:
On Friday, Ukraine denied claims that its forces fired on the gas metering station Sudzha and accused Russia’s military of striking the facility.
“Russia has again attacked the Sudzha gas transmission system in the Kursk region, which they do not control,” Andriy Kovalenko, an official who is responsible for countering disinformation, said on social media.
The two sides have traded blame for violating the energy ceasefire on basically a daily basis since it was proclaimed. It seems to have barely held, if at all, despite ongoing pledges from both sides to uphold it.
Large fire at the scene of the metering station attack…
The US has claimed that it is not providing intelligence for long-range attacks inside Russia by Ukraine, but only intelligence which is defensive in nature. However, Europe is still in maximum support mode, as President Macron and Prime Minister Starmer put together a ‘coalition of the willing’ to defend Ukraine.
END
ROBERT H…
Ukraine reality
The most recent exchange is 909 dead Ukraine Soldiers for 43 dead Russians.
Russia has returned 909 bodies of Ukrainian soldiers, most of whom fell in the Kursk region due to Zelensky’s military folly. In exchange, Russia received 43 bodies—35 soldiers and 8 civilians, who had been kidnapped by Ukrainian forces and died in captivity in Sumy.
Do the math: 909 for 35.
Does this sound like a winning team?
Now it gets better. The Clown masquerading as a Leader has just told the US to pound sand.
Zelensky personally said today that Ukraine will not acknowledge the past debt to U.S.
He went on to say the US cannot set any conditions on Ukraine, unless they send new aid!
Zelensky is not ready to sign the new (minerals) agreement! Why would he? He already gave that away to the Brits.
He went on to publicly whine “This administration will not do anything for free for us!“
Perhaps Europe will fund this project. But it is highly doubtful that the US will. And it would not be surprising to see Zelensky declared a thief. After all that money did not go to fight Russia. Otherwise he would not have his many estates like the Vineyard in Tuscany etc.
Yes, there is no free lunch with America.
END
ROBERT H……
The conflict will escalate
Here is official statement from the Russian Foreign Ministry. Zakharova verbatim.
Translation: Question: According to the Russian Defense Ministry, on the morning of March 28, the Ukrainian Armed Forces launched a double strike using, according to preliminary information, HIMARS rockets at the Sudzha GIS. How could you comment on this?
Answer: I am aware of this report. At the same time, there is reason to believe that the guidance and targeting of the strikes was carried out through French satellite systems, and the input of coordinates and launch were carried out by British specialists. The command was given from London. A week ago, on March 21, this facility was already subjected to a terrorist attack by the Kyiv regime, which ordered its militants to blow it up during its retreat from the Kursk region. Now, after the rocket fire, the Sudzha GIS has been practically destroyed.
Well kiss goodbye the American attempts at peace. And perhaps you will understand the growing tension in America about leaving NATO. If that happens Europe will be on it’s own gains Russia in a fight it will lose.
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GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUE
Texas Gave 15,000 More MMR Shots This Year – Now It Has More Measles Cases Than the Entire US Had In 2024
Friday, Mar 28, 2025 – 08:05 PM
Texas administered 15,000 more measles vaccinations this year compared to 2024—and now there’s a growing measles outbreak that has surpassed the total number of cases reported across the entire United States last year.
The news follows this website’s February report that measles cases in Gaines County, Texas, had jumped 242% following a health district campaign to hand out free measles vaccines.
A measles outbreak after higher vaccination rates in Texas calls into question the shot’s claimed effectiveness and underlying design.
Timeline & Numbers
Between January 1 and March 16 last year, 158,000 measles vaccines were administered in the state, according to CBS News.
During the same time this year, 173,000 measles doses were given.
There are now more measles cases in Texas than there were across the United States in all of 2024.
On Friday, the Texas Department of State Health Services reported 309 cases have been identified in the state since late January.
That’s compared to only 285 cases nationwide last year, according to Centers for Disease Control and Prevention (CDC) data.
What’s worse, measles cases in West Texas are “still on the rise” and “local public health officials say they expect the virus to keep spreading for at least several more months and that the official case number is likely an undercount,” according to CBS.
The numbers don’t lie—Texas is witnessing a record-breaking measles outbreak in the wake of increased vaccination efforts.
Measles Vaccine Virus Is Product of Gain-of-Function & Can Shed Onto Unvaccinated
U.S. military biodefense experts confirm in a May 2016 publication in The Journal of Infectious Diseases that the live virus inside the measles (MMR) vaccine is engineered using “a technique that could be considered, by current definitions, GOF research.”
GOF (gain-of-function) experiments can cause viruses to become more infectious.
The wild-type measles virus (Montefiore 89 strain) purportedly found in nature mostly uses a receptor called CD150 to gain entry to and infect immune cells.
However, the vaccine strain (Edmonston strain) is manipulated in the laboratory to acquire the ability to bind another receptor called CD46, which is more abundant in the body and expressed on most human nucleated cells.
This means the measles virus injected into the MMR-vaccinated has the potential to enter many more cells compared to the wild-type virus, due to its acquired ability to use an additional cellular receptor.
The vaccine virus also sheds.
An August 2024 study in the peer-reviewed Journal of Clinical Virology confirms the measles vaccine virus sheds in recently vaccinated children for 29 days, meaning the vaccinated can spread the virus to the unvaccinated for about a month.
A 1995 CDC study found that 83% of vaccinated children had measles virus shed in their urine.
With a genetically modified vaccine virus capable of shedding for nearly a month and entering a broader range of human cells than the wild-type strain, the question becomes harder to ignore: Is the vaccine itself playing a role in the surge?
* * *
Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.
END
Vaccine Stocks Tank, Moderna Craters After FDA Biologics Head Abruptly Steps Down
by Tyler Durden
Monday, Mar 31, 2025 – 10:05 AM
Vaccine stocks tumbled in the early U.S. cash session after Peter Marks—a top FDA regulator and pro-vaxxer—abruptly resigned on Friday.
Wall Street analysts view Marks’ departure as a bearish signal for vaccine stocks, such as Moderna, Novavax, BioNTech, and others, which already face mounting headwinds, including a wave of layoffs expected at the Department of Health and Human Services.
Moderna puked at the open, down 12% in early trading, while the SPDR S&P Biotech ETF sank 2%. Other makers of vaccine stocks plunged, including Novavax -10% and BioNTech -5.8%.
Moderna shares are also down 95% from peak Covid highs.
Bloomberg provided color on Marks’ role and how his departure is bearish for the industry:
As the leader of the FDA’s Center for Biologics Evaluation and Research, Marks was a key figure in the quick approvals of Covid vaccines during the pandemic. Along with shots, he was responsible for the agency’s evaluation of cutting-edge treatments such as cell and gene therapies.
In his resignation letter, Marks cited friction with the views of Health and Human Services Secretary Robert F. Kennedy Jr., a longtime vaccine critic.
“I was willing to work to address the Secretary’s concerns regarding vaccine safety and transparency,” he said. “However it has become clear that truth and transparency are not desired by the Secretary, but rather he wishes subservient confirmation of his misinformation and lies.”
Analysts—including BMO Capital Markets’ Evan David Seigerman—view the departure as a “significant negative” for the biotech and biopharma sectors.
“It’s no secret that Biotech has been under immense pressure recently given broader macro issues, this unfortunate update does nothing to reassure investors or provide relief,” Seigerman told clients, adding that gene and cell therapy companies are under pressure given Marks’ relationship with many of them.
Here’s further analyst insight into the change of guard at the FDA in the era of Robert F. Kennedy Jr. running the Department of Health and Human Services (courtesy of Bloomberg):
William Blair, Matt Larew
- Expects in the space could weaken further given that Marks “was a cheerleader for innovation in biotech and strong supporter of new modalities”
- Says Marks’s departure and the recently announced HHS cuts stack on top of “an unsettlingly large pile of news flow in the space year-to-date that creates uncertainty for funding, regulatory and approval processes, and supply chains”
- Adds that the steady stream of negative news flow “has simply been too much for stocks in the space to overcome
RBC Capital Markets, Brian Abrahams
- Says the news is not good for the biotech industry even beyond vaccines, as Marks had been a key advocate for more flexible, efficient approval processes for drugs particularly those for orphan diseases such as gene therapies
- “We expect some weakness for biotech as uncertainty continues to be perpetuated”
Truist, Joon Lee
- Says news of the resignation could put some pressure on companies whose drugs are currently, or planned to be, under review by the FDA’s Center for Biologics Evaluation and Research
Last week, Bloomberg reported that leaked documents reveal the Trump administration plans to slash $28 billion in global health initiatives—including funding cuts to Bill Gates’ vaccine alliance, Gavi.
WINNING. President Trump has cancelled $1 BILLION to Bill Gates ‘GAVI Vaccine Alliance’…
“Bill Gates controls the WHO which mandates ‘vaccines’ for the entire World…” -HHS RFK Jr.pic.twitter.com/9Y4BCx1qhM— Liz Churchill (@liz_churchill10) March 30, 2025
Meanwhile…
- USAID Panic Mode: Bill Gates Goes On MSM, Bashes Musk’s DOGE, Fear-Mongers About Next Pandemic
- Climate Group Controlled By Bill Gates Hit By Layoffs
ROBERT H
Concerned Citizen on X: “Nobody in their right minds would take another mRNA Vaccine again – so Bill Gates & Co. will force you to acquire it via other means – fresh produce, meat & vaccinated fish. https://t.co/yU8lIP5fNy” / X
Inbox
Crazy
MARK CRISPIN MILLER
Roger Daltrey going blind; Charles’ cancer battle “agonizing”; CA: comedian Katherine Ryan has skin cancer; actor …
Trinidadian musician Damian “ACE” Oliviere has “health emergency”; IR: author Patricia Scanlan has breast cancer; AU: swimmer Madisyn Armstrong’s father Steven has cancer in kidney, lungs, liver; more
| Mark Crispin MillerMar 29 |
Further indications of the global toll of COVID “vaccination,” based on the reports collected by our worldwide team of researchers.
To help support our work: https://www.givesendgo.com/newsfromunderground
CANADA
Hallmark Actress Opens Up About ‘Complicated’ Breast Cancer Battle
March 18, 2025
Hallmark star Lyndie Greenwood is explaining her absence from social media by revealing some difficult news. In a post on Instagram on March 17, the actress, 42, revealed that she’s battling breast cancer. “Hey there, friends. I haven’t posted in a while because I’ve been dealing with some real life stuff,” the post reads. “The big C is a doozy! It’s complicated and ever-changing. There’s too much to say here, so I’ve started a blog. If you want to hear more about my experience, you can join me on Substack. There’s a link in my bio. I’m sending out big love and hugs to you all!! Xox #breastcancer.” The words are accompanied by a photo of Greenwood in the desert wearing a brown sweater and sporting a shaved head, a result of her cancer treatment.
Comic Ryan diagnosed with skin cancer for second time
March 21, 2025
London – Comedian Katherine Ryan has said she has been diagnosed with skin cancer for a second time. Speaking on her podcast, the Canadian star said she had recently had a cancerous mole on her arm removed, and will have a further procedure next week to ensure it is all gone. The stand-up comic, 41, was first diagnosed with cancer in 2004 when she was a student in Toronto, having a “golf ball-sized” lump taken out of her thigh as a result. This time around, she said a doctor had initially dismissed her concerns, but tests showed that the mole was “early melanoma”. “If you know about melanoma, you’ll know it is a deadly form of skin cancer. It does spread quickly, and I just felt like this mole wasn’t right,” she said.
How cancer diagnosis reinvigorated Gabriela Dabrowski: “Something had to shake me”
March 17, 2025
The Riyadh crowd reached out their arms as Gabriela ‘Gaby’ Dabrowski hit signed tennis balls into the stands. Pink balls, an eye-catching colour chosen to raise awareness for breast cancer at the 2024 WTA Finals, which took place in Saudi Arabia a week after the awareness month for the disease had ended. Dabrowski was passionate about the issue and pleased that the tournament was bringing it awareness. Yet, to the oblivion to all bar a select few friends and family, her presence on the purple court was all the more striking. Seven months earlier, Dabrowski was diagnosed with breast cancer. She had been following up on a lump that had grown over the past year, originally dismissed by doctors, and received the diagnosis in April 2024.The Canadian doubles player underwent treatment, as she spent little over two months out of action before returning in time for the Olympic Games Paris 2024.
TRINIDAD AND TOBAGO
Health Emergency Leads to Surgery for Damian ‘ACE’ Oliverie
March 22, 2025
Port-of-Spain – His name, his face and his voice made up the now defunct, 3 Suns – a musical trio out of Trinidad and Tobago that once delivered songs like, ‘Carnival Darling,’ ‘Wha’s Da One’ and ‘Again and Again.’ Though now a solo artiste, Damian Oliverie remains a significant part of the entertainment landscape in T&T, but beyond that he is a father, husband and dear friend. On Carnival Sunday, at home in Trinidad and Tobago, a health emergency led to the artiste’s hospitalization and subsequent emergency surgery. A mass, which had been constricting Oliverie’s spinal cord has since been removed, and according to his wife, doctors are now treating the artiste, with additional testing being done in tandem. His medical journey thus far, has certainly been a concerning one for family, close friends and those in entertainment who have been apprised of the situation.
No age reported.
UNITED KINGDOM
The Who’s Roger Daltrey told he is ‘going blind’
March 29, 2025
Roger Daltrey, the co-founder and singer of The Who, revealed at an event this week that he is going blind.
The British musician, 81, was playing two shows with The Who at London’s Royal Albert Hall for the Teenage Cancer Trust.
During the first of these nights, on 27 March, Daltrey told the audience: “The problem with this job is that you go deaf. And now I’ve been told that I am going blind.
“Thank God I’ve still got my voice. If I lost that I’ll go full Tommy,” he said, referring to the protagonist of the 1969 rock opera Tommy.
Covid vaccine: The Who’s Roger Daltrey sets an example for his generation and the rest – Scotsman comment
March 16, 2021
. . . Now Daltrey has expressed his gratitude after being given a potentially life-saving vaccine against the Covid-19 coronavirus, joining a list of celebrities including Sir David Attenborough, Dolly Parton and Arnold Schwarzenegger who are keen to encourage other people to do the same – in order to protect their own health and that of others, and help the world return to something like normality.
As the young Daltrey would surely have agreed, all lives are precious and that is true no matter how many years we have seen.
King Charles ‘Has Turned to Mind-Bending Drugs’ As Cancer Battle Becomes ‘Agonizing’ — With ‘Dying’ Monarch Proudly Telling Fans He Is Listening to One of World’s Most Famous Stoner Singers
March 17, 2025
King Charles has turned to medicinal cannabis as a cure for killer cancer, it has been claimed by well-placed Buckingham Palace insiders. The 76-year-old monarch, who is a lover of alternative medicines, gardens and wacky wellness cures, has turned to the mind-bending drug in a bid to eke out a few more months as the UK’s head of state, RadarOnline.com can reveal. Some scientists believe medicinal cannabis can kill or inhibit cancer cells without impacting normal cells, revealing its potential as a treatment rather than simply a pain relief medication. The sovereign is desperate to follow in the footsteps of daughter-in-law Kate Middleton, who recently revealed she’d beaten the disease after months of treatment. And his love of cannabis has been reflected in an Apple playlist recently released by King Charles. The King’s Music Room saw him celebrate Commonwealth Day by sharing songs he likes from across the family of nations…with drug-loving reggae icon Bob Marley being a favourite with his hit Could You Be Loved on the list. The insider said: “Charles wants to make it until at least his 77th birthday – but knows he may not as he is now in so much pain. Bob Marley knew all about the supposed medicinal benefits of weed and Charles is now very much an expert on the subject!”
Linda Nolan’s brother Brian reveals cancer diagnosis just weeks after her death
March 22, 2025
As Brian Nolan stood at his sister Linda’s graveside, tearfully saying farewell to the sibling he adored, he was keeping a potentially deadly secret of his own. Planning the perfect memorial for Linda, who died from cancer in January following a 20-year fight, was especially tough as just three days later Brian, 69, had his own diagnosis of level 2 prostate cancer confirmed. Cancer has dogged the Nolan family, who lost Bernie to breast cancer in 2013 aged 52, before Linda, 65, earlier this year. Anne, 74, was diagnosed with breast cancer in 2000 and Coleen, 60, learned she had skin cancer in 2023. “I just want cancer to leave us alone,” says Brian, the fifth of the eight Nolan siblings.
Boxing Legend Frank Bruno Was Hospitalized After Falling Ill During Flight
March 21, 2025
Boxing legend Frank Bruno [63] has spent almost two weeks in a hospital after falling ill while on a flight. Bruno boarded a flight from Heathrow, London for Thailand and was taken ill mid-flight. Medical crew attended to him on the plane and he was hospitalized in Doha, Qatar. Per The Sun, Bruno went through multiple tests before doctors eventually diagnosed him with a viral infection. He was kept in the Al-Wakra hospital in Qatar.
IRELAND
Author Patricia Scanlan reveals breast cancer diagnosis: ‘It was a shock’
March 17, 2025
Author Patricia Scanlan [69] has revealed that she was diagnosed with breast cancer last year. Patricia, who is well known for her City Girls book series, received the diagnosis on Friday the 13th of December, and has had two surgeries this year. Thankfully, the prognosis is positive but she admitted the diagnosis came as a “bit of a shock”.
DENMARK
Julie Zangenberg hospitalized with lung infection
March 20, 2025
Copenhagen – A lung infection has struck Julie Zangenberg. The 36-year-old entrepreneur and actress stated this in a post shared on Instagram, in which she explains her absence on the social media, where she currently has more than 97,000 followers. “I have been quiet, as I – like many others – have been sick. It ended up being a lung infection, which the good people at Rigshospitalet ended up helping me with,” writes Julie Zangenberg and continues: “I’ve taken it easy and am still healing. However, I am – like spring – on my way back. Thank you for your sweet messages and check-ins. See you soon, Julie,” Zangenberg ends the post. Julie Zangenberg was only 11 years old when she made her acting debut. Since then, Julie Zangenberg has appeared in series, satire shows and even more films. However, in recent years, she has mainly worked with her company, Cozy, which produces loungewear. In private life, she is married to gourmet chef Andreas Bagh, with whom she has a three-year-old son, Leo.
SOUTH AFRICA
Holly Rey reveals she’s been in and out of hospital
March 19, 2025
Singer Holly Rey [28] has opened up about her recent health struggles. The ‘Spend My Time’ singer has previously spoken about her battle with type 1 diabetes, but in a new video shared on Instagram, she reveals a recent diagnosis she struggled to come to terms with. “I’ve always been really open about my health journey and my diabetes in the hope that it helps someone else in some way. The last three months have been incredibly difficult for me from a health perspective,” she said. Rey says things were “touch and go” at one point. She reveals that she was hospitalised in December for severe dehydration. “It had affected my kidneys and kidney function had dropped really, really low. I was hospitalised for about a week and managed to get my kidney function up.” She believed she had moved past the incident, but in January, she began feeling unwell once more, leading to another hospital visit. Rey was diagnosed with renal failure, also known as kidney failure. Things got so bad that she says, “There were conversations about dialysis. It has been a very scary time of not knowing what this means. I understand my diabetes and I was having a lot of diabetes fatigue and diabetes related depression. Now adding this renal failure on top of that and not understanding what that meant.” After lots of prodding and tests, doctors diagnosed her with acute kidney injury. While her health ordeal has been challenging, Rey says she is thankful there is no permanent damage. “I just feel really fatigued, I feel so exhausted.” She says she can’t even take a shower by herself because she feels dizzy and out of breath. “I’ve had to become a vegetarian to take the pressure off my kidneys,” Rey added. She is also now permanently on an insulin pump.
BANGLADESH
Tamim Iqbal suffers a massive heart attack while playing DPL match
March 24, 2025
Former Bangladesh captain Tamim Iqbal [36] suffered a massive heart attack during a Dhaka Premier League (DPL) match on Monday (March 24), while leading Mohammedan Sporting Club against Shinepukur Cricket Club at the BKSP ground in Savar. The incident occurred shortly after the coin toss when Tamim began experiencing severe chest pain while fielding. After reporting discomfort, medical personnel attended to him on the field. Initially, he was taken to KPJ Specialized Hospital and Nursing Home for evaluation, where he underwent an ECG. Despite feeling unwell, Tamim attempted to return to the game but experienced further chest pain en route back to the field. He was then rushed back to the hospital, where doctors confirmed he had suffered a heart attack and performed an emergency angioplasty to remove a blockage in his coronary artery. As of now, Tamim is under observation at Fazilatunnesa Hospital, where he is receiving treatment. Medical professionals have indicated that his condition has stabilized following the procedure.
AUSTRALIA
Swim star Madisyn Armstrong to swim English Channel to raise awareness after shock cancer diagnosis
March 22, 2025
A rising star in open water swimming has her sights set on her biggest challenge yet, after a shock health crisis rocked her tight-knit Gold Coast family. Madisyn Armstrong, 24, has a deeply personal reason for wanting to push her limits and complete the ultimate ultra-marathon challenge — the English Channel. “I arrived home from training one Wednesday afternoon and got a call from my dad, he asked how training was but I could hear in his voice there was something off.” Madisyn’s father, Steven Armstrong, 52, was diagnosed with aggressive and incurable stage four cancer in November last year. A 9.5cm tumour found on his kidney has since spread to his lungs and liver. “He told me ‘I’ve got a tough battle ahead of me, I’ve got cancer’ and after that it was a complete blur,” Madisyn said. “The hysteria you feel, the shock, for the hours, days and weeks after, it was nothing I’ve ever experienced before.”
A MUST READ!!!!
Six more leads for those who got the jab, then CANCER
My readers have weighed in with further protocols for those who will not undergo the torture of “traditional” cancer treatment
| Mark Crispin MillerMar 28 |
This post includes a number of other cancer protocols, all recommended by my readers. Clearly I can’t vouch for them myself; but since some or all of them may be more effective than the costly tortures practiced at Sloan-Kettering, and recommended by the American Cancer Society, and yet—or, rather, therefore— “our free press” won’t ever mention them, except perhaps to sneer at them as “quackery”; and so I feel obliged to note them here, in hopes that one or more of them may help some of the growing global multitude afflicted with post- “vaccination” turbo-cancers.
Let me add that I’m not one of those who spurn all allopathic treatments, and trust “alternative” therapies to do the trick eventually. I am not one of those because I’ve spent probably $1 million over the last 14 years, seeing one practitioner after another—some hardcore allopathic doctors, some “alternative” mystics, and some more eclectic types—in battling my own chronic illness, which I now call “Lyme +,” as it includes mold exposure and some heavy metals. While some of them did help me feel better for a week or so, none of them succeeded, or were worth a fraction of their fees and supplements. I’m pleased to say that I have finally found some excellent doctors (an eclectic team), and so must simply wait this out by following their guidance, since, when you’re fighting Lyme, you must feel worse before you start improving.
In any case, I’m offer here the following leads, to help humanity survive the worldwide pathocracy (i.e., rule by psychopaths) whose rule has killed off countless people, and made countless others hideously sick.
Tucker Carlson interviews Dr. Patrick Soon-Shiong:
END\\
PAUL ALEXANDER
POTUS Trump was 100% correct when he alluded that they (FDA, Pfizer etc.) were withholding the results of the trials till after the election; GATEWAY’S story is 100%, I got a call from FDA high
level official asking me to withdraw a paper I submitted for publication & had sent across government while at HHS warning about the danger of the vaccine; they told me they were blocking 47
| Dr. Paul AlexanderMar 30 |
FDA official called me to ask me to withdraw a paper I had sent to Hahn, Redfield, Fauci and across government outlining how the Pfizer and Moderna vaccine trials were flawed, and the critical factors and he went as far as telling me that, with a focus ONLY on thwarting POTUS Trump and as he said para ‘denying him a win’ before the elections:
1)they at FDA were not concerned with safety anymore, safety as he said was no concern…his words “we have moved the goal post”
2)when I inquired what he meant, he advised they were working with Pfizer and inside FDA to ensure that no trial results would be released even though the results were there, just so that Trump would not get any praise for the vaccine…so the FDA and Pfizer etc. were engaging in political IMO criminal acts for as we know, the vaccine failed and was/is deadly, but Trump did not know this as believed Bourla and Bancel etc. so wanted the shot released asap; IMO it was good that FDA and Pfizer etc. conspired against Trump for in doing so, saved lives…the mRNA vaccine linked deaths began when Biden rolled it out…so in a twisted way it spared Trump yet what I am saying is these beasts at FDA and Pfizer were so political and hated Trump so much that had it been a real virus and real pandemic and not the fake it was, and had it had a real elevated mortality and had the vaccine really been beneficial, then Bourla et al. were prepared to kill people, so as to deny Trump any praise prior to the election.
What Trump did not know was that the mRNA vaccine never worked, would not work, and was deadly…that the vaccine makers and all involved were simply out to make money…and kill people on the way. Every time Trump told them bring it only if safe and effective, they always said ‘yes, Mr. President, it is safe and effective’…they lied to him. They knew it was not safe, they never did the studies to prove it…And worked to subvert him.
Breaking!! Trump moves to SCOTUS for immediate relief on Alien enemies Act block by blackrobes! developing! President Trump on Friday asked the US Supreme Court to intervene in the Alien Enemies Act
case after a federal appeals court denied the stay of an injunction barring the Trump administration from deporting criminal aliens. Chief Justice Roberts requested a response by April 1.
| Dr. Paul AlexanderMar 28 |
SLAY NEWS
| The latest reports from Slay NewsCanadian Cop Punished for Investigating Sudden Deaths of Covid-Vaxxed BabiesA Canadian police detective has been found guilty of “discreditable conduct” for investigating a surge of sudden deaths among babies who died after receiving Covid mRNA “vaccines.”READ MOREBill Gates: AI Will Replace Most Jobs Except Those Advancing Globalist AgendaMicrosoft co-founder Bill Gates has gloated that the only jobs spared in the artificial intelligence-dominated near future will be those roles that help to advance the globalist agenda.READ MOREUniversity of Michigan Ends DEI Policies to Comply with Trump’s Executive OrdersThe University of Michigan has announced that it has ended its Marxism-rooted “diversity, equity, and inclusion” (DEI) policies to comply with President Donald Trump’s executive orders.READ MORERosie O’Donnell Continues to Obsess Over Trump Despite Fleeing Country to Escape MAGALiberal comedian Rosie O’Donnell continues to obsess over President Donald Trump, despite recently leaving America and moving to Ireland to escape living under his second term.READ MORETrump Gets Economic Boost as February Sees Unexpected GrowthPresident Donald Trump has secured a huge economic boost as durable goods orders in the United States experienced a surprising increase in February.READ MORERepublicans Back Plans to Block Anti-Trump Judges Issuing Nationwide Court InjunctionsRepublicans on Capitol Hill are getting behind plans to block anti-Trump activist judges from issuing nationwide court injunctions to undermine the president’s agenda.READ MOREDOGE Slashes Billions from Taxpayer-Funded Foreign ‘Climate Change Activities’President Donald Trump’s Department of Government Efficiency (DOGE) has just saved American taxpayers a few more billion dollars after cutting several huge contracts funding “climate change activities” in foreign countries.READ MOREJustice Thomas Slams Supreme Court’s Decision to Uphold ‘Ghost Gun’ Regulations, Warns of ‘Government Overreach’Justice Clarence Thomas has blasted his colleagues on the Supreme Court over the majority’s decision to uphold regulations on so-called “ghost guns.”READ MORETucker Carlson’s Journalist Father Richard DiesTucker Carlson has announced that his father, award-winning journalist Richard Warner Carlson, has died.READ MOREMarco Rubio Warns All Foreign Student ‘Activists’ Will Have Visas RevokedSecretary of State Marco Rubio has warned all foreign students that they will have their visas revoked and face deportation if they’re caught “creating a ruckus” on U.S. soil.READ MOREIlhan Omar Plotting to Impeach Top Trump Officials Over ‘War Plans’Radical Democrat Rep. Ilhan Omar (D-MN) is reportedly making preparations to file articles of impeachment against several top officials in President Donald Trump’s administration.READ MOREZelensky Makes ‘Prediction’ About Putin: ‘He Will Die Soon – That Is a Fact’Ukraine’s Volodymyr Zelensky has just made a stunning “prediction” about his war rival, Russian President Vladimir Putin.READ MORESeven Republican Senators Launch Anonymous Attack Against JD Vance Over America First ViewsSeven “cowardly neocon” Republican senators have launched an attack against Vice President JD Vance by reportedly giving anonymous statements trashing the VP’s America First foreign policy views.READ MORE |
| op Scientists Issue Warning to FDA Over Surging Cancers Among Covid-VaxxedA group of leading scientists has petitioned the U.S. Food and Drug Administration (FDA) to ban Covid mRNA “vaccines” over surging cancers and deaths among people who received the injections.READ MORE |
| Doctors Raise Alarm Over ‘Terrifying’ ‘Brain-Rotting’ Syndrome as Child Deaths SurgeDoctors and health officials are raising the alarm over a surge in child deaths caused by a shocking “brain-rotting” syndrome.READ MORE |
| Trump Admin Revokes Student Visas of 300 College Campus AgitatorsPresident Donald Trump’s administration has revoked the student visas of over 300 foreign students believed to be behind the pro-Hamas protests on college campuses across the country.READ MORE |
| House Votes to End Biden’s Restrictions on Refrigerators and FreezersLawmakers in the U.S. House have voted to end former President Joe Biden’s regulations that placed restrictions on refrigerators and freezers.READ MORE |
| Canadian Premier Doug Ford Vows to ‘Inflict as Much Pain as Possible on the American People’Ontario’s anti-Trump Premier Doug Ford has vowed to “inflict as much pain as possible on the American people” as he seeks to up the ante with tensions between the United States and Canada.READ MORE |
| Leftist Former Freddie Mac Employee Threatens to Blow Up HQ, Targets Trump-Appointed OfficialA leftist former Freddie Mac employee was taken into custody after making bomb threats on social media against the government-sponsored enterprise.READ MORE |
| Video Resurfaces of Democrat Gubernatorial Candidate Praising Anti-Semitic Leader’s Violent Rhetoric: ‘You Break His Neck’A top New Jersey Democrat gubernatorial candidate, Newark Mayor Ras Baraka, has come under fire after a resurfaced video exposed him publicly praising a radical anti-Semitic leader after a violent speech.READ MORE |
| Democrat Lawmaker Likens Banning Men from Women’s Sports to Racial SegregationA Washington State Democrat lawmaker has argued that banning men from women’s sports is comparable to racial segregation.READ MORE |
| Trump Orders the Restoration of Historical Monuments Removed Under BidenPresident Donald Trump has ordered that several historical monuments across the country be restored after they were removed under the previous administration.READ MORE |
| Hillary Clinton Attacks ‘Dumb’ Trump: ‘It’s Not the Hypocrisy That Bothers Me – It’s the Stupidity’Twice-failed Democrat presidential candidate Hillary Clinton has launched a fresh attack against President Donald Trump in an op-ed for the New York Times.READ MORE |
| AG Bondi: Terrorism Suspects Arrested for Tesla Attacks Will Not Get ‘Any Plea Negotiations’U.S. Attorney General Pam Bondi has just delivered some devastating news for leftist arrests on domestic terrorism charges for attacking Tesla dealerships and vehicles.READ MORE |
NEWS ADDICTS
———- Forwarded message ———
| LATEST REPORTS FOR NEWS JUNKIESDelta Plane, Air Force Jet Nearly Crash Near DC AirportThe Federal Aviation Administration (FAA) is investigating after a Delta Air Lines plane nearly crashed midair with a T-38 Air Force jet Friday near Ronald Reagan Washington National Airport (DCA), just months after a January collision at the airport claimed 67 lives.Delta Air Lines Flight 2983, an Airbus A319 headed to Minneapolis-St. Paul (MSP), departed its DCA gate at 2:55 …READ THE FULL REPORTTom MacDonald’s New Song Goes Viral — Features Lara Trump, Michael Knowles, and OthersIn Tom MacDonald’s Friday music video release of “Can’t Cancel All of US,” several conservative influencers and media figures were featured in the musician’s latest song.Different from MacDonald’s usual rap style, “Can’t Cancel All of Us” has MacDonald playing on the acoustic guitar as he and others sing the lyrics in a feel-good tune. Cameo appearances include President Donald Trump’s …READ THE FULL REPORTBodycam Footage: NJ Mayor Staggering While Arrested for Driving DrunkNewly released bodycam footage shows the moment New Jersey mayor Gina LaPlaca staggers and starts crying while being arrested for allegedly driving drunk with her toddler on St. Patrick’s Day.Cops approached the Lumberton Township mayor in the driveway of her home around 5:40 p.m. on March 17 after a concerned resident called 911 to report her erratic driving, the footage …READ THE FULL REPORTTrump Admin Files Emergency Appeal to Supreme CourtThe Trump administration on March 28 asked the U.S. Supreme Court to intervene in a case involving President Donald Trump’s declaration of an invasion by a terrorist gang.Administration lawyers asked justices to stay lower court orders, which would enable officials to resume deportations of illegal immigrants under a law called the Alien Enemies Act.An appeals court on Wednesday upheld a …READ THE FULL REPORTIlhan Omar Initiating Impeachment Efforts for Multiple Trump Admin OfficialsThe drama surrounding President Donald Trump’s top defense team this week is getting a backstage twist.Minnesota Democrat Ilhan Omar, one of the most polarizing members of the polarizing group known as the “squad,” is shopping plans behind the scenes to launch impeachment efforts as a result of the controversy that’s become known as “Signalgate,” according to the Beltway-centric news outlets …READ THE FULL REPORT |
EVOL NEWS
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/
USA and Russia discuss Nord Stream commissioning without the EU – Anti-Spiegel
Closer to reality than people think
The reality is that the US will own the pipe; buy the gas and sell it to Europe in USD.
Russia has turned its back on Europe and likely will not be back for at least a generation or more.
And while that maybe unpleasant to Europe; it is better than war. With cheap energy there is an opening to save many industries that have been shuttered to high energy cost.
In the case of NATO hostilities against Russia do expect energy prices to skyrocket as shipping charges increase.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES/
PANAMA/CHINA/USA
Trump will not be happy with this: Panama is in the uSA’s sphere of influence
BlackRock’s Panama Port Deal With CK Hutchison Won’t Be Signed Next Week
Sunday, Mar 30, 2025 – 09:55 AM
President Trump’s master plan to strengthen hemispheric defense—aimed at eliminating Chinese influence in the Panama Canal—appears to have hit a bottleneck at the end of last week.
A new report Saturday reveals that Hong Kong’s CK Hutchison will not sign a deal next week to sell its two ports on either side of the canal to a BlackRock-led consortium. It’s back to the drawing board for the Trump administration, which will now need to implement new tactics to pressure Panama to rid itself of Chinese Communist influence.
Sources told Reuters that Hong Kong billionaire Li Ka-shing’s deal to sell the Panama ports, including Balboa and Cristobal on either side of the canal, will not have the proper paperwork signed with the BlackRock-led investor group by the April 2 deadline for “obvious reasons.”
Those obvious reasons include an infuriated Chinese Communist Party, which views Li as having bent the knee to Trump and the Americans by agreeing to give up such critical infrastructure around the canal.
For weeks, various Chinese media outlets called CK Hutchison’s billionaire founder “spineless” and questioned which “side he should stand on.”
Another source said that talks are still very much underway regarding the $19 billion deal, which includes 43 ports in 23 countries.
On Friday, the South China Morning Post first revealed that CK Hutchison Holdings “will not go ahead with the expected signing of a deal next week to sell its two strategic ports at the Panama Canal … with Beijing saying it will launch an antitrust probe into the sale.”
x.com/zerohedge/status/1905656171991630287?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1905656171991630287%7Ctwgr%5E279b3850011804c1c633726fa5e512a8ff788696%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge
In another report, The Telegraph noted, “Chinese authorities have effectively blacklisted CK Hutchison and the business interests of the Li family by telling Chinese state-backed firms they will struggle to get regulatory approval for any work involving the group.”
And earlier this month…
It’s crucial to understand that eliminating Chinese Communist influence from the Panama Canal is part of Trump’s master plan to strengthen hemispheric defense. This strategy also encompasses developing hardened defense layers around Canada and Greenland. It includes efforts to purge Chinese triad gangs, Mexican cartels, and other terrorist organizations from the North American financial system as the world fractures into a bipolar state.
If the communists in Beijing actually nuked the port deal with BlackRock. Then expect some angry Truth Social posts from Trump.
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.0823 UP 5 BASIS POINTS
USA/ YEN 149.22 UP 0.017 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 1.2952 UP 0.0018 OR 18 BASIS PTS
USA/CAN DOLLAR: 1.4349 UP 0.0033 (CDN DOLLAR DOWN 33 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 15.56 PTS OR 0.46%
Hang Seng CLOSED
AUSTRALIA CLOSED DOWN 1.74%
// EUROPEAN BOURSE: MOSTLY ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: MOSTLY ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED
/SHANGHAI CLOSED DOWN 15.56 PTS OR 0.46%
AUSTRALIA BOURSE CLOSED DOWN 1.74%
(Nikkei (Japan) CLOSED DOWN 1,562.77 PTS OR 4.05%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 3117.15
silver:$34.07
USA dollar index early MONDAY morning: 103.68 DOWN 2 BASIS POINTS FROM FRIDAY’s CLOSE.
MONDAY MORNING NUMBERS ENDS
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And now your closing MONDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.224 % DOWN 2 in basis point(s) yield
JAPANESE BOND YIELD: +1.473% DOWN 5 FULL POINTS AND 0/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.338 DOWN 2 in basis points yield
ITALIAN 10 YR BOND YIELD 3.829 DOWN 2 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.7000 DOWN 2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY MONDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0817 DOWN .0009 OR 9 basis points
USA/Japan: 149.62 DOWN 0.107 OR YEN IS UP 10 BASIS PTS//
Great Britain 10 YR RATE 4.7150 DOWN 5 BASIS POINTS //
Canadian dollar DOWN .0068 OR 68 BASIS pts to 1.4365
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The USA/Yuan UP T0 7.2541, CNY ON SHORE ..CHINA MUST DEVALUE TO GOLD
THE USA/YUAN OFFSHORE UP TO 7.2611:
TURKISH LIRA: 37.94 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.473
Your closing 10 yr US bond yield DOWN 8 in basis points from FRIDAY at 4.206% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.574 DOWN 6 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.879 DOWN 7 BASIS PTS.
GOLD AT 11;00 AM 3115.600
SILVER AT 11;00: 33.99
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 0.070 PTS OR 0.01%
GERMAN DAX: DOWN 166.19 PTS OR 0.73%
Paris CAC CLOSED DOWN 62.00 or 0.78%
Spain IBEX CLOSED DOWN 110.30 PTS OR 0.82%
Italian MIB: CLOSED UP 317.22 PTS OR 0.81%
WTI Oil price 69.62 11 EST/
Brent Oil: 73.78 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 85.30 ROUBLE DOWN 0 AND 50/ 100
GERMAN 10 YR BOND YIELD; +2.7270 DOWN 3 BASIS PTS.
UK 10 YR YIELD: 4.7635 DOWN 8 BASIS POINTS
CDN 10 YEAR RATE: 3.074 DOWN 5 BASIS PTS.
CDN 5 YEAR RATE: 2.713 DOWN 4 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0817 DOWN 0.0002 OR 2 BASIS POINTS//HEADING TO PARITY WITH THE DOLLAR
British Pound: 1.2920 DOWN .0014 OR 14 basis pts/HEADING FOR PARITY /USA
BRITISH 10 YR GILT BOND YIELD: 4.6760 DOWN 8 BASIS PTS//
JAPAN 10 YR YIELD: 1.473
USA dollar vs Japanese Yen: 150.00 UP 0.266 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.4377 UP 80 BASIS PTS CDN DOLLAR DOWN 80 BASIS PTS
West Texas intermediate oil: 71.51
Brent OIL: 74.70
USA 10 yr bond yield DOWN 3 BASIS pts to 4.228
USA 30 yr bond yield DOWN 4 BASIS PTS to 4.594%
USA 2 YR BOND: DOWN 2 PTS AT 3.898%
CDN 10 YR RATE 3.0004 DOWN 2 BASIS PTS
CDN 5 YEAR RATE: 2.641 DOWN 3 BASIS PTS
USA dollar index: 103.68 DOWN 31 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 37.97 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 83.00 DOWN 1 AND 45/100 roubles
GOLD 3122.00 (3:30 PM)
SILVER: 34.05 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 417.86 OR 1.00%
NASDAQ 100 DOWN 2.95 PTS OR 0.015%
VOLATILITY INDEX: 22.07 UP 0.42 PTS OR 1.94%
GLD: $ 288.14 UP 4.09 PTS OR 1.44%
SLV/ $30.99 DOWN 0.01 PTS OR OR 0.032%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 150.85 OR 0.61%
end
TRADING today ZEROHEDGE/
ZEROHEDGE/HEADLINE CLOSING MARKETS/ZEROHEDGE
Oil & Gold Soar As US Stocks Suffer Worst Quarter Versus Rest Of World In 23 Years
USA DATA
USA ECONOMIC NEWS
“I Have Contempt For Such People”: Musk Rages At ‘Virtue-Signaling’ Ukraine Hawks After Spat With ‘Traitor’ Mark Kelly
Saturday, Mar 29, 2025 – 05:13 AM
Elon Musk raged against Ukraine war hawks during a Thursday appearance on Fox News, after host Brett Baier asked him to defend calling Sen. Mark Kelly (D-AZ) a “traitor” for pushing to send more US aid and weapons to Ukraine, following a trip to the country.
BAIER: “Democratic Arizona Senator Mark Kelly posted on X about his trip to Ukraine to push for continuing to send US weapons and support there, and you posted that he was a traitor. Why do that?”
MUSK: “Well I think somebody should care about the interests of the Untied States above the interests of another country, and if they don’t, they’re a traitor.”
Baier then noted that Kelly is a “decorated veteran, a former astronaut, a sitting US senator.”
To which Musk replied, “It doesn’t mean it’s ok for him to put the interests of another country above America.”
Musk drove the point home, saying “We should have empathy for the thousands of people dying everyday in the trenches. For no movement in the lines. For the past two years thousands of people have died every week for nothing.
“I take great offense at those who put the appearance of goodness over the reality of it. Those who virtue signal and say we can’t give into Russia, but have no solution to stopping thousands of kids dying every day.
“I have contempt for such people and I want to make that clear. Because they’re virtue signaling and their lack of a solution means that kids don’t have a father. It means parents lost a son. For what? Nothing.
Watch (via @charliekirk11):
Kelly fired back in an appearance on CNN, telling the network “My entire life has been about serving this country,” adding that he always supports America’s best interests and “standing with our allies and standing up for democracy is in the best interests of the United States.
* * *
He then suggested that Musk was “much closer to Russia” (than he is to Ukraine?).
As modernity.news notes further;
Meanwhile, Russian President Vladimir Putin has stated that he views the Ukrainian government as illegitimate and has proposed a temporary governance in Ukraine under the management of the United Nations in order to hold elections and restore Democracy to the country.
Putin stated that he cannot sign any agreements with an illegitimate government.
Social Security
Elsewhere in the interview, Musk praised the work of his Department of Government Efficiency (DOGE), telling Baier that “legitimate recipients” of Social Security” will receive “more money, not less,” due to their cost-cutting efforts. As the Epoch Times notes;
Baier asked Musk, who serves as a special adviser to President Donald Trump, how he could reassure Americans that the work DOGE is doing to target fraud and abuse and slash waste in the federal government will not impact their benefits.
In response, the billionaire businessman said that the work the advisory committee is doing will “help their benefits.”
“I want to emphasize that, as a result of the work of DOGE, legitimate recipients of Social Security will receive more money, not less money,” he said.
Musk did not provide further details regarding how DOGE’s work would boost Americans’ Social Security benefits but said that his comments “will be proven out to be true” and “let the record show that I said this.”
The DOGE team claims that approximately 40% of calls to Social Security are fraudsters.
“Fraudsters call in and claim to be a retiree. And then they convince the operator to change where the money is flowing.
end
Tesla Protests Turn Violent: Pro-Musk Demonstrator Struck With Car, Woman Beaten On Side Of Road
Sunday, Mar 30, 2025 – 06:05 PM
With all of the leftwing vitriol against billionaire Elon Musk over his Department of Government Efficiency initiative, violence targeting his supporters was bound to happen. In a disturbing incident, 70-year-old Christopher Talbot of Meridian was arrested after allegedly striking a counter-demonstrator at a Tesla Takedown protest near a Tesla dealership. According to the Meridian Police Department (MPD), Talbot is said to have hit a 49-year-old man after making an “obscene gesture” toward the victim around 1:00 pm on Sunday.
The victim, who was reportedly driving a vehicle with a flag in support of President Donald Trump, had parked when Talbot allegedly assaulted him. KTVB reports that the victim received medical treatment at a nearby hospital and was later released with non-life-threatening injuries. Law enforcement subsequently tracked down Talbot at his home in Meridian, where they took him into custody peacefully. He was then transported to Ada County Jail, where he was charged with a single count of aggravated battery.
The Tesla Takedown protest, consisting of a meager 30 demonstrators, was overshadowed by a counter-protest organized by the Idaho Liberty Dogs, which drew nearly 200 participants, according to KTVB. In a hyperbolic social media post, organizers of the anti-Tesla protest declared, “Elon Musk is destroying our democracy, and he’s using the fortune he built from Tesla to do it. We are taking action at Tesla to stop Musk’s illegal coup,” highlighting the intensity of their opposition to Musk’s initiatives.
The Federal Bureau of Investigations (FBI) have launched a task force to investigate attacks on Tesla property. In a recent post on X Musk called the attack “domestic terrorism,” which was subsequently echoed by President Trump.
“We have taken additional steps to crack down and coordinate our response. This is domestic terrorism. Those responsible will be pursued, caught, and brought to justice,” Musk wrote.
The Justice Department revealed last week that three people are now confronting “severe accusations” after reportedly employing Molotov cocktails to ignite Tesla vehicles and their associated charging stations.
The charges from the DOJ are as follows:
- One defendant, also armed with a suppressed AR-15 rifle, was arrested after throwing approximately eight Molotov cocktails at a Tesla dealership located in Salem, Oregon.
- Another was arrested in Loveland, Colorado after attempting to light Teslas on fire with Molotov cocktails. The defendant was later found in possession of materials used to produce additional incendiary weapons.
- In Charleston, South Carolina, a third defendant wrote profane messages against President Trump around Tesla charging stations before lighting the charging stations on fire with Molotov cocktails.
- Each defendant faces serious charges carrying a minimum penalty of five years and up to 20 years in prison.
“The days of committing crimes without consequence have ended,” U.S. Attorney General Pamela Bondi said in a statement. “Let this be a warning: if you join this wave of domestic terrorism against Tesla properties, the Department of Justice will put you behind bars.”
Meanwhile – a 61-year-old woman driving a Tesla in Flagstaff, Arizona was boxed in by another driver and beaten while still inside her car – only to bite the assailant.
“I’m just appalled,” she told AZ Family, adding “I didn’t buy my car for a political statement. I bought my car because its really fun to drive. My politics have nothing to do with that. I’m ashamed of our society and what they are doing.”
It shows a green car pulling up next to her Tesla and then swerving in front of it to box it in.
The driver then walks over to the 61-year-old woman in the Tesla and, reportedly, starts hitting her while she’s behind the wheel.
“I started to say, you cut me off what’s your problem, but I didn’t know how much he heard me,” said Susan. “He got out and started to punch me with a closed fist.”
At one point, the victim said she bit the man’s hand. Moments later, the passenger of the green car appears to walk over and pull the attacker away. Finally, they get back in their car and drive off.
Watch:
END
Trump Says He Is ‘Not Joking’ About Running For 3rd Presidential Term
Sunday, Mar 30, 2025 – 10:10 PM
Authored by Jack Phillips via The Epoch Times (emphasis ours),
President Donald Trump on Sunday said that he is “not joking” about recent talk of him potentially seeking a third term in office, although such a move would likely face significant legal hurdles.
“A lot of people want me to do it,” Trump told NBC News on Sunday morning. “But, I mean, I basically tell them we have a long way to go, you know, it’s very early in the administration.”
When asked about whether he is serious or joking about the third term comments, Trump said, “I’m not joking.”
“It is far too early to think about it,” he said, adding elsewhere in the interview that he is “focused on the current” term in office.
Since taking office, Trump has, on multiple occasions, suggested that he wants to run for a third term, which could pose a legal challenge, because the 22nd Amendment of the U.S. Constitution states “no person shall be elected to the office of the President more than twice.” That amendment was ratified in 1951 after President Franklin D. Roosevelt was elected four consecutive times. Roosevelt was the only president in U.S. history to be elected to either a third or fourth term.
Days after Trump took office in January, Rep. Andy Ogles (R-Tenn.) proposed an amendment to the Constitution that could allow presidents to be elected for three terms. However, amending the Constitution would require two-thirds of Congress members to vote for its approval, which would then have to be ratified by three-fourths of state Legislatures.
Explaining why he would want to seek a third term, Trump said that, “You have to start by saying, I have the highest poll numbers of any Republican for the last 100 years.”
“We’re in the high 70s in many polls, in the real polls, and you see that. And, and you know, we’re very popular,” Trump said.
When asked about how he could be elected to a third term, Trump told NBC News there might be ways to do so.
NBC’s Kristen Welker then provided him with a hypothetical situation: “Well, let me throw out one where President Vance would run for office and then would, basically … if he won, at the top of the ticket, would then pass the baton to you.”
In response, Trump said, “Well, that’s one. But there are others, too. There are others.”
“Can you tell me another?” Welker asked Trump. “No,” he said.
The 12th Amendment, which was ratified in 1804, says that “no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States.”
Also in the interview, Trump was asked about why he wants to continue to be president, which Welker described is “the toughest job in the country.”
“Well, I like working,” replied Trump, who would be 82 at the end of his current term.
The Associated Press contributed to this report.
END
Trump Says ‘Couldn’t Care Less’ If Foreign Auto Makers Raise Prices Due To Tariffs
Monday, Mar 31, 2025 – 08:45 AM
Authored by Jacob Burg via The Epoch Times (emphasis ours),
President Donald Trump said on March 29 that he did not ask automotive CEOs to avoid raising prices in response to sweeping tariffs and that he “couldn’t care less” if they do so on foreign-made cars.
The Trump administration is poised to levy 25 percent tariffs on all foreign-made automobiles and components on April 2, with temporary exceptions given to companies that import vehicles or parts under the United States-Mexico-Canada Agreement (USMCA) until the government creates a process for applying those duties, according to the White House.
Trump made the comments in a Saturday phone interview with NBC News. He was asked about his recent message to automotive industry executives and whether he warned them against raising prices.
“The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff,” Trump said, adding that he never told them not to raise prices.
“No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars,” he said. “I couldn’t care less. I hope they raise their prices, because if they do, people are going to buy American-made cars. We have plenty.”
The president emphasized that he wasn’t concerned about car prices increasing.
“No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars,” Trump said.
Following the interview, one of the president’s aides clarified to NBC that Trump was specifically talking about an increase in foreign car prices. The Epoch Times has requested a full transcript of the call from NBC.
Trump also said the 25 percent tariffs on foreign cars and components would be permanent.
“Absolutely, they’re permanent, sure. The world has been ripping off the United States for the last 40 years and more. And all we’re doing is being fair, and frankly, I’m being very generous,” he said.
Set to take effect on April 2, which he has referred to as “Liberation Day,” the tariffs will also hit a variety of other consumer goods. Trump said on Saturday that he prefers to not further delay the implementation of those tariffs, but he would consider negotiations “only if people are willing to give us something of great value. Because countries have things of great value, otherwise, there’s no room for negotiation.”
The Trump administration has said its goal with the tariffs is to promote American manufacturing and equalize the nation’s trade deficit worldwide.
END
VICTOR DAVIS HANSON
A MUST READ!!
Victor Davis Hanson: How Donald Trump Is Reshaping America In Just 7 Weeks
by Tyler Durden
Monday, Mar 31, 2025 – 07:20 AM
How should we characterize the first seven weeks of the Trump administration because we get so much information and misinformation?
Almost a day doesn’t go by where The Wall Street Journal is predicting that we are headed for a recession, that our allies are furious at us, that the economy is on the brink.
So, what are we gonna make of all this? I think it’s time to take a deep breath and envision the first seven weeks is something like the following: President Donald Trump is in a race. He’s in a race to enact fundamental, disruptive change, a counterrevolution, and it’s going to be rough for a while, as he pointed out.
But the things that he has already done are going to have, shortly or maybe even midterm, fundamental advantages for the United States. The question is, can he message and can he explicate and explain what he’s doing so people hang on? Because the eventual reward will be great.
Now, what do I mean? We’re talking about tariffs, tariffs, tariffs, but even the mere mention of tariffs for all of these countries that have not been reciprocal and have imposed tariffs on us in a way that we would never think of imposing on them, that idea that we might return to parity, it’s had an enormous effect.
Some $4 trillion of announced investment from the Europeans, from the Saudis, from the Chinese, from the Mexican government, from the Canadians even. That will create hundreds of thousands of jobs. And that is in the process of working out.
When Donald Trump entered office in 2017, we were only pumping about 9 million barrels. When he left, we were pumping 12 million. The Biden administration immediately cut back. And then it decided, before the midterms, “Hey, Americans like affordable oil.” So then they continued the Trump plan and got up to 12, almost 13 million barrels.
Already in just seven weeks, we have increased the amount of oil produced per day in the United States by about a third of a million barrels. And we’re on schedule to get up to about 14 million barrels by the beginning of the year. And that is coordinated with an increase in Middle East production as well.
So, we’re going to see a moderation of energy prices, which may explain, already, why the inflation rate was not nearly as high as was predicted.
If we look at the border, it’s amazing. We were told that the border problem was unsolvable without comprehensive immigration reform. And there were 10,000 people swarming up per day. We don’t even—nonchalantly, nobody talks about it anymore. But it’s a revolutionary achievement. There’s nobody going across the border illegally, or at least, it’s statistically insignificant.
The big issue right now is the Left is cherry-picking judges to prevent, not the deportation of somebody who’s working, who’s never been arrested, who’s been here for five or six years, but criminals and people who already have been ordered out of the country or pro-Hamas, pro-terrorist supporters.
But the point I’m making is, what we’re doing now is Phase Two. The border is essentially solved, as far as security, and in seven weeks. Now, we’re having a difficult task of trying to find out who these 12 million people were that former President Joe Biden deliberately and with intent—malicious intent—allowed to come into the country.
But the point I’m making is this is an incredible success.
There’s a final point that I want to make. We hear about Elon Musk is not authentically American. He is a nepo baby. And we hear Rep. Jasmine Crockett, D-Texas, threatening his person, along with threatening Sen. Ted Cruz, R-Texas.
All of this chaos and nihilism coming about Elon Musk and what he’s doing, but what he’s finding out, almost every day, in the Treasury, in the IRS, in the Department of Energy, in the intelligence communities, is a vast unreported siphoning off of hundreds of millions of dollars, if not billions, to favorable and mostly left-wing entities, both abroad and here in the United States.
And already, he has cited areas where the Cabinet officers can cut $200 billion. That’s a fifth, only after seven weeks. He’s got a fifth of the way to go. He thinks he can cut a trillion dollars without touching entitlements. I don’t know if he can.
But let me just sum up. If Donald Trump is able to fulfill this promise of commitment by foreign entities of $4 trillion in investment—$4 trillion—if he is able to cut a trillion dollars within a year or two, if he’s able to solve the Ukraine war, and if he is able to have a general peace in the Middle East, that will be the most substantial presidency—if he does nothing else—that we’ve seen in 50 years.
Final word, everybody, keep calm. There’s events in process that if they are brought to fulfillment and fruition, this country will be a radically different and radically better place.
USA/ANTISEMITISM//HAMAS// REPORT
KINGNEWS
| The King Report March 31, 2025 Issue 7461 | Independent View of the News |
| Core PCE prices rose 0.4% (0.38%) m/m & 2.85 in February; 0.3% m/m & 2.7% were consensus; 0.3% m/m & 2.6% y/y prior. Headline PCE rose 0.3% (0.34%) m/m & 2.5% in February as expected and prior. @GordonJohnson19: 1/2 Feb. 2025 Supercore PCE, the metric the Fed says is the most important, exploded higher MoM to +0.372% (or 4.464% annualized) from +0.244% last month. In short, the @federalreserve is failing, miserably, at their core objective of keeping prices steady (i.e., +0.00%/yr,… 2/2… not +2%/yr). Why? Simply put, the @federalreserve has done literally NOTHING to stem the excess liquidity they printed, out of thin air, into existence, during COVID, to make the (ultra) rich, even rich(er) at the expense of the rest of us via inflation… https://t.co/36gIA72gEP The University of Michigan Sentiment index declined to 57 in March from the prior and expected 57.9. Current Conditions increased to 63.8 from the prior and expected 63.5. Expectations fell to 52.6 from 54.2; 54.1 was consensus. 1-year Inflation increased to 5% from the prior and expected 4.9%. 5-10-year Inflation increased to 4.1% from the prior and expected 3.9%. The invalid University of Michigan Sentiment Survey, because it grossly oversamples Democrats, shows Dems are freaking out over inflation. Goldman is now addressing this issue. PS – PE Powell, in this post-FOMC Meeting presser, rejected the findings of this survey. Goldman Sachs: First, inflation expectations in the survey have become extremely partisan. Second, the share of respondents in the Michigan survey who are Democrats has always been consistently higher than the share of respondents who are Republicans Third, switching from a phone-based to an online-based data collection process has led to more extreme answers on inflation expectations. https://www.zerohedge.com/personal-finance/umich-inflation-expectations-surge-even-higher-democrats-freak-out Zero Hedge: Republicans expected 0.1% inflation while Democrats expect – wait for it – 6.5% price rises in the next year.… Bear in mind that Democrat’s 1Yr inflation expectations are now more than 2 times higher than they were in June 2021 when inflation would actually rise to 9%. Back then the Democrats were only off by a factor of 3x… Core inflation in Japan’s capital accelerates, stays above BOJ target Tokyo March core CPI rises 2.4% yr/yr vs f’cast +2.2% Index excluding fresh food, fuel up 2.2% yr/yr in March https://t.co/KYMXQnKqoK The Atlanta Fed: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is –2.8 percent on March 28, down from -1.8 percent on March 26. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.5 percent. After recent releases from the US Census Bureau and the US Bureau of Economic Analysis, the nowcast of the contribution of net exports to first-quarter real GDP growth declined from -3.95 percentage points to -4.79 percentage points in the standard model and from -1.92 percentage points to -2.53 percentage points in the alternative model… https://www.atlantafed.org/cqer/research/gdpnow?tblci=GiBdY-MYH1-nD-WW6UXCXAtHBPIEdPpDc50r48qPeOICrCDKuWUow8jry8SFw-EvMLzYPQ @AFP: Russian President Vladimir Putin called on Friday for a “transitional administration” to be put in place in Ukraine and vowed his army would “finish off” Ukrainian troops, in hardline remarks as US President Donald Trump pushes for a ceasefire… https://www.yahoo.com/news/putin-calls-remove-zelensky-finish-093118067.html On Friday, Zelensky said Ukraine won’t recognize US military aid as loans and he won’t talk to Putin. Gold surged higher on Friday; Bitcoin and other cryptos got hammered. USMs rallied as much as 1 17/32 on defensive asset allocation and end of Q1 portfolio rebalancing. Friday’s King Report: Stocks must now rally sharply and jumped meaningfully above 200 DMAs or else! As the old trading adage goes, “Nothing good happens below 200-day moving averages!” US stocks, led by the over-owned Fangs, tumbled lower on Friday. Normally, the penultimate day of a period contains the peak intensity of the manipulation to game performance. But the negative fundamentals (tariffs, inflation, US judicial crisis, etc.) trumped the upward season biases. ESMs opened modestly higher on Thursday night but quickly went inert. They broke lower at 19:03 ET but hit a bottom of 5726.75 at 20:02 ET. A moderate rally turned ESMs positive near 20:55 ET. ESMs then traded in 10-handle range until they broke lower at 2:48 ET. After hitting a low of 5711.50 at 3:55 ET, ESMs rallied to 5739.25 at 6:46 ET. ESMs the rolled over and trended low until they tumbled after the worse than expected February Core PCE data. ESMs hit a daily low of 5618.75 at 13:32 ET. After a bounce to 5591.25 at 14:11 ET, ESMs rolled over and traded in 13-handle range into the close. The NY Fang+ Index was -3.68% at 15:35 ET. @t1alpha on Thu, Mar 27, 2025: 0DTE contracts made up a record 64% of relative $SPX options volume today. It’s reasonable to assume that growing uncertainty is fueling an increasingly myopic market. https://t.co/RJAzxZOgxX Positive aspects of previous session Gasoline and oil declined modestly. Negative aspects of previous session US stocks, led by Fangs, got hammered. Physical gold hit a new high of 3086.82. Ambiguous aspects of previous session Bonds rallied on defensive asset allocation and quarterly rebalancing. 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]: 5613.08 Previous session S&P 500 Index High/Low: 5685.89; 5572.42 @nicksortor: Elon Musk and DOGE just revealed a whopping **40%** of calls to Social Security are fraudsters. “Fraudsters call in and claim to be a retiree. And then they convince the operator to change where the money is flowing.” “As a result of the work of DOGE, legitimate recipients of Social Security will receive MORE money — not less.” HOW HAS THIS GONE ON FOR SO MANY YEARS? https://t.co/ZgIBj9uucY White House office moves to end union rights for federal employees https://t.co/Zm7IMjrHB8 @JMichaelWaller: Canada’s new unelected Prime Minister Mark Carney, a globalist and one of the world’s top ESG pushers, declares: “The old relationship we had with the United States based on … tight security and military cooperation is over.”… He is elevating a tariff dispute to tear apart our historic security & military relationship…. https://x.com/JMichaelWaller/status/1905444192630784368 Fox’s @EdwardLawrence: President Trump says the call with Canadian Prime Minister Carney was extremely productive. They agreed to talk after the snap elections. (DJT statement at link) https://x.com/EdwardLawrence/status/1905648889442566519 @CollinRugg: Canadian PM Mark Carney visibly shocked after a heckler asks him “how many kids did you mol*st with Jeffrey Epstein?” The moment happened at a campaign stop ahead of the upcoming election. The comment comes in response to recently shared photos that appear to show Carney with Epstein’s longtime accomplice Ghislaine Maxwell… https://t.co/7QfW2ZCf5c Attack on Putin? Limousine tied to Russian President erupts in flames in Moscow One of Russian President Vladimir Putin’s luxury Aurus limousines caught fire after an explosion near the Federal Security Service (FSB) headquarters in Moscow… https://www.cnbctv18.com/world/putin-luxury-limo-explodes-in-moscow-attack-or-accident-near-fsb-hq-19581739.htm NBC’s “Meet the Press”: Just hours ago, President Trump called me to tell me he is ‘pissed off’ with Russia’s President Putin and threatened to impose secondary tariffs on Russia’s oil. https://x.com/RapidResponse47/status/1906337060698399090 Trump won’t rule out seeking a third term in the White House, tells NBC News ‘there are methods’ for doing so (VP then takeover) https://www.nbcnews.com/politics/donald-trump/trump-third-term-white-house-methods-rcna198752 Iran’s dismisses the possibility of direct talks with the United States, issuing a firm rejection in response to a recent letter from President Trump. -AP @Apex_WW: U.S. and Iranian officials are “talking,” Trump says in NBC interview. “If they don’t make a deal, there will be bombing. It will be bombing the likes of which they have never seen before.” @C_Barraud: More S&P 500 Companies Issuing Negative EPS Guidance for Q1 Than Average – Factset – For Q1 2025 (with 17 S&P 500 companies reporting actual results), 11 S&P 500 companies have reported a positive EPS surprise and 12 S&P 500 companies have reported a positive revenue surprise… https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_032825.pdf The S&P 500 Index is a horrid technical state. The odds of a sharp decline are very high. S&P 500 Index with key moving averages – Please note the failure at the 200 DMA. @Barchart: U.S. Households have allocated 29% of their financial assets to stocks, an all-time high https://t.co/jtwNsnFAqD Magnificent 7 Stocks now trade at their cheapest valuation premiums relative to the rest of the S&P 500 in more than 6 years https://t.co/jgkJeKZvhL Today is Monday and the end of Q1. The usual suspects want and need to push stuff up to embellish woeful Q1 performance. There will also be institutional portfolio rebalancing. This includes rebalancing bonds vs equities, and rebalancing equity sectors. As noted above, US equities are in a perilous technical condition. A breach of the March lows could unleash manic selling. Plus, US equities are NOT priced for the US Judicial Crisis that is unfolding. Since January 2023, the S&P 500 Index has traded below its 200 DMA three times. It traded under its 200 DMA from March 10, 2023 to March 17, 2023 and from October 20, 2023 until November 1, 2023. The index rallied sharply after these breaches; there were no minor breaches and failures like what occurred last week. If the March 13, 2025 low of 5521.52 is breached with gusto, look out below! Stocks must now rally sharply and jumped meaningfully above 200 DMAs or else! As the old trading adage goes, “Nothing good happens below 200-day moving averages!” ‘They’ need to markup stuff! Look out below! ESMs are -38.50; the Nikkei is -3.0%; and NQMs are -248.00 at 20:08 ET. Expected economic data: March Chicago PMI 45.5; March Dallas Fed Mfg. Activity -5.0 S&P Index 50-day MA: 5900; 100-day MA: 5929; 150-day MA: 5852; 200-day MA: 5759 DJIA 50-day MA: 43,389; 100-day MA: 43,435; 150-day MA: 42,927; 200-day MA: 42,130 (Green is positive slope; Red is negative slope) S&P 500 Index (5580.94 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 5987.57 triggers a buy signal Daily: Trender and MACD are positive – a close below 5570.80 triggers a sell signal Hourly: Trender and MACD are negative – a close above 5646.85 triggers a buy signal @amuse: Judge Boasberg—the activist judge actively obstructing Trump’s agenda—has a daughter whose NGO offers legal aid to illegal immigrants, including members of MS-13 and the TdA gang. The NGO is indirectly funded by taxpayers through USAID grants. https://x.com/amuse/status/1905673075057664434 Trump unloads on Judge Boasberg, ‘radical left judges’ for halting deportations of violent illegal aliens https://t.co/bJVo2WGGtc GOP Sen. @Eric_Schmitt: Judge James Boasberg has now been assigned his FOURTH major Trump case. This happens far too often. Big conservative cases magically end up in the hands of far-left judges. They tell us it’s “random”—but it’s not. I’m demanding a full investigation, answers, and reforms. Administrative court clerks’ offices assign cases to specific judges behind closed doors. Today, I wrote a letter to Judge Van Totenhove—the Chairman of the Rules Committee on the Judicial Conference of the United States—demanding a full investigation and reform of this process. https://x.com/Eric_Schmitt/status/1905717804185358422 WH Deputy COS @StephenM: There are 677 local district judges. Under current procedure, the president needs unanimous consent from all 677 to implement a major decision. If just 1 communist out of 677 unelected judges disagrees, the action is frozen. Nationwide. That is not democracy. That is tyranny. What we are witnessing in the district courts is a far-left judicial riot. A radical group of marxist judges is emboldening one another and smashing down the pillars of democracy. @LauraLoomer: Many people are wondering why there are calls to fire @PeteHegseth but no calls to fire @MikeWaltz47. There is an active OPP taking place, and it involves Chinese Alex Wong and Senator Tom Cotton, who has been plotting to take @PeteHegseth’s job. Cotton has been gunning for a role in the Trump admin for a long time and if you recall, the MSM ran an entire shadow influence campaign to pitch Cotton as DOD Secretary before the 2024 election. Alex Wong is not only Mike Waltz’s Deputy National Security Advisor, but he also served as the foreign policy advisor for Tom Cotton from 2015-2017. It was Tom Cotton who referred Wong to Waltz. Tom Cotton knows he’s getting primaried, so he wants to be the DOD Secretary after being passed over for the job. He was initially rumored to be a top contender to be CIA Director or DOD Secretary…. Ask yourself why Tom Cotton would hire the son of one of the most anti-Trump individuals to be his LEGISLATIVE DIRECTOR and why he referred his Chinese foreign policy advisor to go work for the NSC? I hope Hegseth has his head on a swivel. Receipts https://x.com/LauraLoomer/status/1905679417810047379 Defiant reason Trump refused to fire Mike Waltz after embarrassing Signal chat leak Donald Trump ignored the advice of several of his closest advisors – including Vice President JD Vance – who suggested he fire National Security Advisor Mike Waltz over the Signal chat leak… Vance, as well as Chief of Staff Susie Wiles and advisor Sergio Gor told Trump to give Waltz the sack… Trump doesn’t want to be seen as caving in to the Democrats and the liberal media by sacrificing a key advisor… https://www.dailymail.co.uk/news/article-14549375/Donald-Trump-refused-fire-Mike-Waltz-embarrassing-Signal-chat-leak.html @WesternLensman: CNN’s Scott Jennings lays out the plain facts to Dems calling for firings over Signalgate — JENNINGS: “The bar for firing people like this is really high from the last administration when after the Afghanistan withdrawal, which was a disaster, people died.” “No accountability was made after the drone strike that vaporized those poor kids and that family.” “No accountability after the secretary of defense went AWOL. No accountability.” MEAGHER: “But Austin did a press conference and called for a review.” JENNINGS: “Did a single Democrat ask for his resignation?” *Change the subject* https://x.com/WesternLensman/status/1906350055574966505 @DOGE__news: Chuck Schumer: “I am confident that we will bring Trump’s popularity, numbers and strength down if we keep at it.” (Why good is this? DJT can’t run again! Where’s your agenda, Chuck? Dems only agenda is to foment hate and actions against DJT, Musk, et al! Very pathetic!) https://x.com/DOGE__news/status/1905875068431028438 Karol Markowicz: The people who pushed the very worst ideas on all of us, over the last 5 years, are running in the other direction from those ideas. That’s fine, but first admit what you did. My column in Friday’s @nypost: Don’t let the leftists memory-hole their madness On Wednesday when National Public Radio CEO Katherine Maher testified in a congressional hearing, she stumbled on some basic questions . . . involving her own opinions… American Federation of Teachers President Randi Weingarten was a key villain of the COVID years. In blue areas where politicians jumped at Weingarten’s whim, schools stayed closed longer. Where her influence was limited, schools opened. These are the facts. But to hear Weingarten tell it, she was a champion of the open-the-schools movement… https://t.co/CAf49HI5cv @kylenabecker: “I think we need a shadow government…” Tim Walz saying the quiet part out loud… Trump is working to dismantle this “shadow government.” That’s why you have Tim Walz now openly referring to it as if it is a legitimate function of the government… https://x.com/kylenabecker/status/1905612414407577747 @EndWokeness: Tim Walz: “Old white guys disappoint us on a regular basis in this country.” https://x.com/EndWokeness/status/1905410459550745083 We all have had experience with a person like Tampon Tim Walz: a doofus that acts like he is cool and/or tough as defense mechanism. @EricLDaugh: Tim Walz declares the 2024 election was tampered with in favor of Trump WOMAN: Analyses were released of election data in Nevada showing some pretty convincing evidence of election tampering. My biggest fear is we don’t make it to the midterms. WALZ: “Yeah. Yeah, this one is important – we just saw Donald Trump’s executive order [making it harder for] women to vote… the first things they do is restrict the vote.” https://x.com/i/status/1905416545896915389/video/1 Why don’t Walz and the Dems demand a forensic accounting of every precinct of the 2024 Election? And then audit the 2020 Election! This would be like Al Capone asking for a tax audit! @Rightanglenews: New York State Sen. Patricia Fahy (D) has introduced a bill effectively banning Tesla dealerships and sales in the state, stating, “No matter what we do, we’ve got to take this from Elon Musk.” https://twitter.com/Rightanglenews/status/1905765784548516272?s=02 Albuquerque GOP headquarters targeted in alleged arson: ‘Direct assault on our values’ https://t.co/grrdWPm07N When you demonize DJT as Hitler, racist, threat to democracy, etc., you will unleash hate & violence. If GOP leaders and their base did this to Obama or Biden, the outrage and retribution would be postal. @sav_says_: I caught a @jacksonhewitt employee coaching illegals on how they could get up to $14,000 in tax refunds whether they’re “working or not.”… https://x.com/sav_says_/status/1906092627919012115 @elonmusk: IRS refund fraud payments are one of several means used by the Democratic Party to attract and retain illegal immigrants in the USA. That’s why they are so opposed to DOGE stopping this! The Democratic Party is aiding and abetting fraudulent government payments to illegals in order to establish a permanent one-party majority nationally, just like they did in California. The more you look into it, the crazier it gets. @lukerosiak: The National Diversity Council filed for bankruptcy this month after its board said its top execs stole millions of dollars, @realdailywire has learned. Dennis Kennedy, who the board accused of felony theft, is hosting Bill Clinton & Oprah next month at a for-profit conference. https://t.co/9lJ7StTL0c As the corporate DEI craze peaked, founder Kennedy, the CEO, and the CFO decided to pay themselves $3M in undocumented “back pay.” When the board tried to stop it, Kennedy quit, took its domain names & created a fake group w/ the same name (in pic) to siphon money, it said… @JesseBWatters: Gop Rep. @realannapaulina tells Primetime that NBC has a secret tape that shows Lee Harvey Oswald near JFK’s vehicle when the assassination took place… which would mean he wasn’t the shooter. https://t.co/SI34rf2HPG @ShadowofEzra: This is the image Anna Paulina Luna referred to, where many believe Lee Harvey Oswald was positioned when JFK was shot. It’s also one of the last photos taken of JFK alive. Speculation suggests that Oswald is the figure standing in the doorway of the Texas School Book Depository. NBC has been hiding the video for years. https://x.com/ShadowofEzra/status/1905823032272421041 @TaraCopp: @Secdef Hegseth, who is facing scrutiny over his handling of details of a military strike, brought his wife, a former Fox News producer, to two meetings with foreign military counterparts where sensitive information was discussed – by WSJ’s @lindsaywise & team… Asst to Sec of Def @SeanParnellATSD: This story is simply not true. Jenn Hegseth has never attended a meeting where sensitive information or classified information was discussed. @toddstarnes: Here’s faux ghetto (Dem Rep.) Jasmine Crockett… accusing Rep. Byron Donalds of being “skinfolk but definitely not kinfolk” because he married a white woman. She said he was whitewashed. Well, Kamala Harris married a white man. Does that make Kamala whitewashed, too? Barack Obama’s mother was white. What about him? Jasmine is a racist – a cold-hearted racist. https://x.com/toddstarnes/status/1906335798552658252 @kylenabecker: “You married a white woman and so you think that it whitewash you…” Jasmine Crockett just attacked Byron Donalds for marrying a white woman. “Progressives” are undoing the racial progress that has been made in America the last 60 years. They’re sick. @CollinRugg: 3 women dine and dash at a Chicago restaurant after devouring chicken wings and alfredo before bragging about it on social media. The geniuses had even reserved a table online with their name and phone number. Local businesses say this is a growing trend where people eat up hundreds of dollars of food before leaving the restaurant without paying. A police report has been filed for the incident below. Chicago police say they are “investigating.”… https://x.com/CollinRugg/status/1906473335263031464 The Hard Rock Cafe in River North is closing for good this weekend after nearly 40 years in downtown Chicago. https://abc7chicago.com/post/hard-rock-cafe-chicago-location-ontario-river-north-closes-40-years/16104462/ Cook County (Chicago) property tax bills up 78% as values rise 7%… since 2007… https://www.illinoispolicy.org/cook-county-property-tax-bills-up-78-as-values-rise-7/ Nearly 5k allegedly illegal voter registrations found on Milwaukee voter rolls ahead of WI election https://justthenews.com/politics-policy/elections/nearly-5k-allegedly-illegal-voter-registrations-found-milwaukee-voter “Socialism is the endless war against merit!” – Victor David Hanson “Socialism only works in two places: Heaven, where they don’t need it, and Hell, where they already have it.” – Ronald Reagan An MIT scientist has designed a new ‘Torpedo’ bat for the NY Yankees. It has more wood in the hitting zone and narrows near the top. https://x.com/KJS_4/status/1906101220714152122 | |
SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER INTERVIEWING BILL HOLTER
Gold in Hyperdrive in Hyper-Levered House of Cards – Bill Holter
By Greg Hunter On March 29, 2025 In Market Analysis15 Comments
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Precious metals expert and financial writer Bill Holter has long said there is a long list of financial trouble coming to America. DOGE (Department of Government Accountability)has put the financial reckoning for massive debt and fraud into hyperdrive. Gold smells big trouble with another new record high just last week. Gold is in hyperdrive in an economic hyper-levered house of cards. Holter explains, “Gold is now considered a Tier 1 asset, but more importantly, gold cannot bankrupt. I think big money is looking at the financial system and understanding that it is a hyper-levered house of cards or Ponzi scheme. Sovereign Treasuries from across the world can and, highly likely, will default in some cases. Gold and silver cannot default. Gold and silver are money. This fiat experiment started off with dollars, European currencies, the yen, etcetera. They were derivatives of gold. . . . They have had several suppression schemes to keep the price down, and they desperately have to keep the price of silver down because if silver runs, gold is going to follow. High and rising gold process are basically a vote of no confidence by the international community.”
Don’t underestimate how disruptive DOGE cutting fraud and waste will be on the economy. Holter points out, “The last time we interviewed, we talked about DOGE and all of this slush money being paid out. Look at the 14 magic money machines that Elon Musk has found. All this money being spewed into the economy registers as GDP. So, if you shut those spigots off, you are shutting off the money, and the real economy slows down. There is less cash flow from that. The real danger, and I am not so sure it is by accident, is this Trump’s idea of pulling the plug? I have to believe he understands that by cutting the spending or cutting the capital that is going into the system, with the system as leveraged as it is right now, it’s going to take everything down. What you are doing is cutting off new money to the Ponzi scheme, and no Ponzi scheme can survive without continually getting new money coming into it.”
Holter also says, “The United States was considered for years and years the safe haven because of its pristine rule of law. When you pull the curtain back and everything is rotten, confidence breaks. You are not going to have money moving into the US for safe haven status. You are going to have money leaving the United States. It’s not just the money that is not going to hit the streets because of DOGE, but mentally because of the corruption they are exposing. DOGE is basically exposing that the United States is corrupt and a shitty place to do business.”
In closing, Holter says, “DOGE revealing that they just pay money out of thin air is a huge problem. You can’t do the math if you don’t have good numbers. . . . If we can glean that they are going to cut $500 billion or $1 trillion or $2 trillion and we can figure out that is a problem for the real economy and the financial markets, don’t you think the people running the show know that? That tells me they are purposely pulling the rug out from under the system. It’s game over.”
There is much more in the 53-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer and precious metals expert Bill Holter for 3.29.25.
(To Donate to USAWatchdog.com Click Here)
After the Interview:
Bill Holter’s website just keeps getting more and more viewers. It’s called BillHolter.com. There are lots of new free articles posted.
harveyorganblog.com 
