MAY 27 B/GOLD CLOSED DOWN $63.50 TO $3302.00 WHILE SILVER WAS DOWN 34 CENTS TO $33.21/PLATINUM WAS DOWN $15.25 TO $1084.15 WITH PALLADIUM DOWN $23.45 TO $980.25//TODAY IS COMEX OPTION EXPIRY DAY SO THE WHACKING OF OUR PRECIOUS METALS IS NORMAL AND CUSTOMARY//ANDREW MAGUIRE INTERVIEW DR STEPHEN LEEB//CHAOS IN JAPAN AS ITS YIELDS SKYROCKET: 2 REPORTS ON THAT//GERMANY’S MIGRANT PROBLEMS INCREASE AS THEY REPRESENT CLOSE TO 25% OF THEIR ENTIRE POPULATION//TRUMP DELAYS THE EU TARIFFS UNTIL JULY 9//ISRAEL VS HAMAS/ISRAEL VS HOUTHIS; UPDATES//IRAN UPDATES/WEST BANK UPDATES/RUSSIA VS UKRAINE UPDATES/COVID UPDATES/DR PAUL ALEXANDER/MARK CRISPIN MILLER/NEWS ADDICTS ETC/BIG NEWS OF THE DAY: NIPPON STEEL BUYING US STEEL/OTHER USA DATA RELEASES/PROBLEMS OVER THE WEEKEND IN SEATTLE AND TORONTO RE MIGRANTS/PRO PALESTINIAN PROTESTERS//SWAMP STORIES FOR YOU TONIGHT//
118 H MACQUARIE FUTURES US 17 323 C HSBC 4 363 H WELLS FARGO SECURITI 7 661 C JP MORGAN SECURITIES 10 16
TOTAL: 27 27 MONTH TO DATE: 25,291
JPMORGAN STOPPED 16/27
MAY
GOLD: NUMBER OF NOTICES FILED FOR MAY/2024: 27 CONTRACTs NOTICES FOR 2700 OZ or 0.0839 TONNES
total notices so far: 25,291 contracts for 2,529,100 OR 78.665 tonnes)
FOR MAY
XXXXXXXXXXXXXXXXXX
SILVER NOTICES: O NOTICE(S) FILED FOR NIL OZ/
total number of notices filed so far this month : 14,798 CONTRACTS (NOTICES) for 73.990 million oz
Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation
END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD DOWN $63.50 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.43 TONNES OF GOLD OUT OF THE GLD//
INVENTORY RESTS AT 922.46 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.24 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: //A DEPOSIT OF 2.728 MILLION OZ INTO THE SLV//
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 457.103 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUMONGOUS SIZED 3184 CONTRACTS TO 148,015 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUMONGOUS SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR GAIN OF $0.38 IN SILVER PRICING AT THE COMEX WITH RESPECT TO FRIDAY’S TRADING. WE HAD A MEGA HUMONGOUS SIZED GAIN OF 3894 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A 710 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD ZERO LIQUIDATION OF T.A.S. CONTRACTS COMEX TRADING WITH RESPECT TO FRISDAY’S TRADING AS THEY DESPERATELY AGAIN TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST SEVERAL WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE TO ABOVE $34.40 AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY FAILED ON FRIDAY WITH SILVER’S GAIN IN PRICE AS THE PRICE IS STILL WELL BELOW THE MAGIC NUMBER OF $34.40 SILVER SPOT PRICE. . BUT THIS WAS COUPLED WITH ANOTHER HUGE T.A.S. ISSUANCE OF 690 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 SILVER METAL WILL CONTINUE UNTIL SILVER BREAKS $34.40. WE HAD A 710 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE 690 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FRIDAY’S TRADING/ AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A MEGA HUGE SIZED 3894 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE OF $0.38.
THE CME NOTIFIED US THAT FOR THE FIRST TWO DAYS OF THE MONTH OF MAY, WE HAD TWO CONSECUTIVE ISSUANCE OF EXCHANGE FOR RISK CONTRACTS OF 12.93 MILLION OZ. THESE EXCHANGE FOR RISKS MUST NOW BE ADDED TO OUR NORMAL DELIVERY SCHEDULE. THE RECIPIENT OF THIS LARGESS IS WITHOUT A DOUBT THE CENTRAL BANK OF INDIA. LOGICALLY ONLY A CENTRAL BANK WOULD ACCEPT THIS CRAZY CONTRACT WHEREBY THE CENTRAL BANK OF INDIA TAKES THE RISK OF DELIVERY FROM A BULLION BANK WHO CANNOT GUARANTEE DELIVERY OF PHYSICAL SILVER TO THEM.
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 ESPECIALLY SILVER IS NOW USED TO TEMPER OUR SILVER 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 HUGE 690 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.38) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH
WE HAD A 710 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 67.830 MILLION OZ TO WHICH WE SUBTRACT OUR 12 CONTRACT E.F.P. TRANSER OF 60,000 OZ AND THEN WE MUST ADD THOSE CRAZY CONTRACT EXCHANGE FOR RISK FOR 12.93 MILLION OZ:
THUS:
INITIAL STANDING FOR MAY: 76.190 MILLION OZ WHICH INCLUDES TODAY’S 60,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ (EX FOR RISK) EQUALS 89.060 MILLION OZ./
WE HAD:
/ HUGE COMEX OI GAIN+// A 710 SIZED EFP ISSUANCE (/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 690 CONTRACTS)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED A SMALL X198 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS MAY. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAY
TOTAL CONTRACTS for 18 DAYS, total 5134 contracts: OR 25.670 MILLION OZ (285 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 25.67 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: 100.895 MILLION OZ///AVERAGE SIZE ISSUANCE
MAY: 25.67 MILLION OZ (ISSUANCE WILL BE QUITE SMALL THIS MONTH)
XXXXXXXXXXXXXXXXXXXXXXXXXXXX
RESULT: WE HAD A MEGA HUMONGOUS SIZEDINECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3184 CONTRACTS WITH OUR GAIN IN PRICE OF $0.38 IN SILVER PRICING AT THE COMEX// FRIIDAY.,. . THE CME NOTIFIED US THAT WE HAD A 710 CONTRACT EFP ISSUANCE CONTRACTS: 710 ISSUED FOR JULY AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 15.965 MILLION OZ NORMAL DELIVERY , PLUS OUR 4.00 MILLION EX FOR RISK
FINAL STANDING APRIL: 19.965 MILLION OZ
AND NOW MAY:
NEW STANDING FOR MAY REDUCES TO: 76.130 MILLION OZ. (INCLUDES 60,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ EXCHANGE FOR RISK ISSUANCE/PRIOR.//NEW TOTAL STANDING LOWERS TO 89.060 MILLION OZ
THE NEW TAS ISSUANCE FRIDAY NIGHT (690 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND FOR SURE TODAY’S TRADING (FRIDAY TRADING) AND BEYOND.
WE HAD 0 NOTICE(S) FILED TODAY FOR NIL OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL. IT IS NOW TIME FOR THE FBI TO ENTER THE COMEX AND ARREST THESE CROOKS EVEN THOUGH THE MAJORITY OF THE TRADING IS GOVERNMENT. THE BANKERS ARE COMPLICIT
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A FAIR SIZED 1551 OI CONTRACTS TO 451,013 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.) THUS WE HAVE A PRETTY LOW OI IN COMEX WITH AN EXTREMELY HIGH PRICE OF GOLD. THE SHORT RATS ARE ABANDONING THE SHIP.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A MONSTER 7088 CONTRACTS //. 2ND STRAIGHT DAY FOR A GREATER THAN 7000 CONTRACTS REMOVED.
WE HAD A FAIR SIZED DECREASE IN COMEX OI (1551 CONTRACTS) . THIS OCCURRED DESPITE OUR MEGA HUGE GAIN OF $67.90 IN PRICE// THURSDAY///.
FOR THE MONTH OF APRIL WE HAD A HUMONGOUS INITIAL STANDING IN GOLD TONNAGE FOR APRIL AT 164.7185 TONNES/) TO WHICH WE ADDED + 8.3571 TONNES EX FOR RISK = 209.953 TONNES STANDING!
FINAL STANDING FOR APRIL; 201.443 TONNES + 8.3571 TONNES EX FOR RISK = 209.953 TONNES
AND NOW MAY: SUMMARY OF EXCHANGE FOR RISKS ADDED
INITIAL STANDING FOR MAY: 70.174 TONNES OF GOLD TO WHICH WE ADD 1. MONDAY’S (MAY 19) 6.221 TONNES EXCHANGE FOR RISK , 2. THEN WE ADD: 1.35 TONNES TO LAST WEEK”S. THEN WE ADD 3. 1.55 TONNES TO EQUAL 9.591 TONNES// NEW EXCHANGE FOR RISK = 9.591 TONNES WHICH MUST BE ADDED TO OUR NORMAL DELIVERY SCHEDULE OF 80.373 TONNES. THUS STANDING FOR MAY INCREASES TO 89.964 TONNES OF GOLD
/ ALL OF THIS HAPPENED WITH OUR $67.90 GAIN IN PRICE WITH RESPECT TO FRIDAY’S COMEX ///. WE HAD A FAIR SIZED GAIN OF 2390 OI CONTRACTS (7.458 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 DURING THE FIRST THREE WEEKS OF MAY, AND THROUGHOUT EACH AND EVERY DAY MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! THE RESULT: A MASSIVE AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE MAY CONTRACT MONTH….. A MONSTROUS 89.964 TONNES DESPITE IT BEING AN OFF MONTH. CENTRAL BANKERS ARE NOW WAITING PATIENTLY FOR THEIR DELIVERY OF GOLD VIA SLOW MOVING SHIPS.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3949 CONTRACT:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 451,013/NOW AT THE LOW END OF THE SCALE DESPITE THE HIGH PRICE OF GOLD!!
SILVER ALSO HAS A LOW COMEX OI OF 148,015 CONTRACTS!!
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2398 CONTRACTS WITH 1551 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 3949 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2398 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED AND CRIMINAL 2523 CONTRACTS ISSUED.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS 3949 CONTRACT) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 1551 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 2398 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) STRONG STANDING FOR GOLD FOR MAY AT 80.373 TONNES ( WHICH WHICH INCLUDES TODAY’S 0.1275 TONNES QUEUE JUMP AND THEN WE ADD OUR MAY 13 , 15TH AND 19TH ISSUANCE OF 9.589 TONNES EX FOR RISK//NEW TOTAL STANDING FOR GOLD INCREASES TO: 89.964 TONNES
NEW STANDING FOR GOLD, MAY CONTRACT ADVANCES TO: 89.964 TONNES OF GOLD.(INCLUDES QUEUE JUMPING AND EX FOR RISK ISSUANCE)
.
/ 3) ZERO T.A.S. LIQUIDATION , AS WE HAD 1)A $67.90 COMEX PRICE GAIN.. WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED DESPITE THAT HUGE GAIN IN PRICE AS WE HAD OUR STRONG GAIN OF 8113 CONTRACTS ON OUR TWO EXCHANGES// /./ 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 FOR MAY.
4) STRONG SIZED COMEX OI GAIN// 5) STRONG SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER (23598 CONTRACTS)/// STRONG T.A.S. ISSUANCE: 2523 T.A.S.CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2025 INCLUDING TODAY
MAY INITIAL
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAY :
TOTAL EFP CONTRACTS ISSUED: 27,363 CONTRACTS OR 2,736,300 OZ OR 85.11 TONNES IN 18 TRADING DAY(S) AND THUS AVERAGING: 1520 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN18 TRADING DAY(S) IN TONNES 85.11 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 85.11 TONNES DIVIDED BY 3550 x 100% TONNES = 2.39% OF GLOBAL ANNUAL PRODUCTION
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.
APRIL; 208.57 TONNES. STILL A SMALL TO FAIR ISSUANCE FOR THE MONTH.
MAY: 85.11 TONNES OF GOLD EFP ISSUANCE//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 FELL BY A HUMONGOUS SIZED 3184 CONTRACTS OI TO 148,015 AND FURTHER FROM 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 710 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
JULY 290 and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 710 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 3184 CONTRACTS AND ADD TO THE 710 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 3894 CONTRACTS WITH THE GAIN IN PRICE OF $0.38 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 19.47 MILLION PAPER OZ
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 TUESDAY MORNING//MONDAY NIGHT
SHANGHAI CLOSED DOWN 6.15 PTS OR 0.18%
//Hang Seng CLOSED UP 99.65 PTS OR 0.43%
// Nikkei CLOSED UP 192.58 PTS OR 0.51% //Australia’s all ordinaries CLOSED UP 0.50%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1950 OFFSHORE CLOSED UP AT 7.1952/ Oil DOWN TO 61,27 dollars per barrel for WTI and BRENT DOWN TO 64.44 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP TRADING AT 7.1950 AND WEAKER//OFF SHORE YUAN TRADING UP 7.1952 AGAINST US DOLLAR/ AND THUS WEAKER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED 1551 CONTRACTS TO 451,013 WITH OUR GAIN IN PRICE OF $67.90 WITH RESPECT TO FRIDAY’S // TRADING. WE LOST ZERO NUMBER OF NET LONGS WITH THAT STRONG PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3949 ).
THE CME ANNOUNCED FRIDAY NIGHT, A ZERO EXCHANGE FOR RISK CONTRACT ISSUANCE FOR 0 OZ OR NIL TONNES. TOTAL ISSUANCE FOR MAY REMAINS AT 9.591 TONNES OF GOLD AND THIS TOTAL WILL BE ADDED TO OUR NORMAL DELIVERIES. THE BANK OF ENGLAND MUST BE GETTING QUITE ANTSY OF GETTING ITS GOLD BACK.
IN THE MONTH OF APRIL WE HAD RECORDED A NEW RECORD 7 ISSUANCES OF EXCHANGE FOR RISK AS THE BANK OF ENGLAND IS GETTING VERY ANTSY ABOUT GETTING ITS GOLD BACK. THUS OUR TOTAL EXCHANGE FOR RISK FOR THE MONTH OF APRIL STOOD AT 8.3571 TONNES OF GOLD WHICH WERE ADDED TO OUR NORMAL APRIL GOLD DELVERIES.
HISTORY: LAST FOUR MONTH’S EXCHANGE FOR RISK
IN MARCH:
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 A HUGE FIVE EXCHANGE FOR RISKS ISSUANCES FOR 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 (NEED TO RETRIEVE THEIR LEASED GOLD FROM THE BIS)
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 !!.(DEC THROUGH APRIL)
IN APRIL:
WE CONCLUDED APRIL WITH 7 ISSUANCE OF EXCHANGE FOR RISK FOR A TOTAL TONNAGE OF 8.3571 TONNES.
MAY: 3 EX. FOR RISK ISSUED SO FAR FOR 3025 CONTRACTS OR 302,500 OZ OR 9.4054 TONNES. THIS WILL BE ADDED TO OUR NORMAL DELIVERY TO GIVE US TOTAL STANDING FOR MAY!THIS IS THE 6TH CONSECUTIVE MONTH FOR ISSUANCE OF EXCHANGE FOR RISK
DETAILS ON MAY COMEX MONTH//INITIAL
IN TOTAL WE HAD A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 8486 CONTRACTS WITH OUR GAIN IN PRICE. HOWEVER, 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 VERY EARLY IN THE COMEX SESSION 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 LAST MONTH OF APRIL AND ONTO MAY, CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY ALTHOUGH THE T.A.S. ISSUANCES IN GOLD HAVE GENERALLY BEEN ON THE LOW SIDE COMPARED TO SILVER WHICH HAVE BEEN HUGE. TODAY’S NUMBER IS STRONG AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 2529 T.A.S.
THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS IS WHY WE ARE HAVING DISTORTED 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 WITH GOLD TONNES STANDING FOR APRIL AT 209 + TONNES INCLUDING MANY MASSIVE QUEUE JUMPS AND THIS CONTINUED INTO MAY AS YOU WILL SEE BELOW ANOTHER HUMONGOUS QUEUE JUMP OCCURRED ON MAY’S DELIVERY CYCLE (FRIDAY/MAY 16) AT 9.978TONNES, THIS MONTH WE HAVE RECORDED THE HIGHEST EVER QUEUE JUMP RECORDED IN COMEX GOLD HISTORY AT 9.978 TONNES!!! TODAY’S QUEUE JUMP IS A SMALL 0.1275 TONNES.
THE TONNAGE STANDING FOR GOLD FOR MAY IS NOW 80.245 TONNES (WHICH INCLUDES TODAY’S QUEUE JUMP OF 0.1275 TONNES AND TO WHICH WE ADD OUR TOTAL EX FOR RISK: 9.591 TONNES EX FOR RISK!)//
NEW TOTAL TONNES STANDING: 89.964 TONNES
THE FED IS THE OTHER MAJOR SHORT OF AROUND 5+ 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 NOW THAT THEY MUST BECOME COMPLIANT TO BASEL III RULES JULY 1/2023 AS OUTLINED IN ANDREW MAGUIRE’S LATEST LIVE FROM THE VAULT 223 EPISODE. 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. 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.
EUROPE IS NOW BASEL III COMPLIANT. THE WEST (FED AND COMEX) MUST BE COMPLIANT BY JULY 1//2025.
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 FIRST DAY NOTICE OF GOLD TONNAGE STANDING.
EXCHANGE FOR PHYSICAL ISSUANCE
THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG SIZED 3949 EFP CONTRACT WAS ISSUED: : /JUNE 3949 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3949 CONTRACT. 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.
WE HAD :
ZERO LIQUIDATION OF OUR T.A.S. SPREADERS
ZERO NET SPEC LIQUIDATION WITH OUR HUGE GAIN IN PRICE
T.A.S.SPREADER 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 SATURDAY MORNING/FRIDAY NIGHT WAS A STRONG SIZED, 2529 CONTRACTS.
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR OTHERWISE LIKE TODAY, ACCOMPLISHES TWO IMPORTANT ASPECTS FOR OUR CROOKS:
STALLS THE ADVANCE IN PRICE
LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
MECHANICS OF T.A.S CONTRACTS/DECEMBER THROUGH MARCH, APRIL AND MAY
THROUGHOUT THE FEW YEARS, 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
FINAL STANDING FOR GOLD APRIL
// WE HAD A HUGE AMOUNT OF GOLD TONNAGE STANDING: APRIL (209.573 TONNES//.CME CORRECTED//) WHICH IS HUGE FOR OUR ACTIVE APRIL DELIVERY MONTH. FEB HAD THE HIGHEST STANDING FOR GOLD EVER RECORDED FOR ANY MONTH AT 256.607 TONNES
AND NOW LAST 5 MONTHS OF 2025: STANDING FOR GOLD
YEAR 2025:
JAN 2025:
113.30 TONNES (WHICH INCLUDES 43.408 TONNES EX FOR RISK)
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:
FINAL STANDING FOR GOLD: 201.573 TONNES + 8.3571 TONNES EX FOR RISK = 209.953 TONNES
MAY:
INITIAL STANDING AT 28.945 INITAL GOLD TONNES STANDING FIRST DAY NOTICE PLUS 6.4634 TONNES QUEUE JUMP MAY 7 (A RECORD) + ANOTHER HUGE QUEUE JUMP MAY 9 OF 0.534 TONNES + MAY 12 AT .5132 TONNES _ MAY 13; QUEUE JUMP OF 2.444 TONNES AND THEN MAY 14 RECORD 6.8800 TONNES QUEUE JUMP AND THEN (MAY 15) RECORD OF 9.978 TONNES AND THEN FRIDAY’S QUEUE JUMP OF 108,900 OZ/3.387 TONNES (MAY 16) MONDAY’S QUEUE JUMP OF 0.5847 + TUESDAY’S QUEUE JUMP OF .6780 TONNES + WEDNESDAY’S QUEUE JUMP OF .9415 AND THEN THURSDAY;S QUEUE JUMP OF 2.7402 TONNES AND FRIDAY’S AT 3.259 TONNES: AND NOW TODAY’S AT 0.1275 +EXCHANGE FOR RISK//9.591 TONNES = 89.964 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (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 STANDING FOR GOLD/COMEX
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: 209.953 TONNES (INCLUDES 8.3571 TONNES EX FOR RISK/AND ALL MONTHLY QUEUE JUMPING)
MAY: STANDING NOW 80.373 TONNES (INCLUDES ALL QUEUE JUMPING FOR THE MONTH) + 9.591 TONNES EX FOR RISK EQUALS 89.964 TONNES!!
COMEX GOLD TRADING/MAY CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $67.90/ /) BUT THEY WERE A UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A STRONG SIZED GAIN IN OI FROM TWO EXCHANGES. AND AS EXPLAINED ABOVE WE HAD ZERO T.A.S. SPREADER LIQUIDATION FRIDAY AS THEY ARE STILL TRYING TO QUELL GOLD’S ATTEMPT AT FURTHER INCREASES ABOVE THE MAGIC $3,400 BARRIER AND STOP HUGE COMEX/OTC DERIVATIVE LOSSES FROM EXPLODING
SATURDAY MORNING/FRIDAY NIGHT
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
EXCHANGE FOR RISK EXPLANATION/FEB THROUGH /MAY TRADING
EXCHANGE FOR RISK CONTRACTS/MONTH FOR FEBRUARY://FINISHES AT 4 ISSUANCES
THE CME ANNOUNCED TO THE WORLD THAT ON FEB 4 THEY ISSUED 100 CONTRACTS OF EXCHANGE FOR RISK TO THE BANK OF ENGLAND.THEN ,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 WAS 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 WAS 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 FOR THE MONTH FINISHED AT 3
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.
APRIL, ISSUED ITS 7TH EXCHANGE FOR RISK: 187 CONTRACTS OR 18,700 OZ OR 0.5816 TONNES
SUMMARY EXCHANGE FOR RISK FOR THE MONTH OFAPRIL//TOTAL ISSUANCES 7 FOR 8.3571 TONNES OF GOLD!:
ISSUANCE FOR EXCHANGE FOR RISK ON FIRST DAY NOTICE//APRILL MONTH// WAS 700 CONTRACTS FOR 70,000 OZ OR 2.177 TONNES OF GOLD TO WHICH WE ADD (APRIL 4) : 250 CONTRACTS FOR 25,000 OZ OR .777 TONNES, APRIL 7 ISSUANCE OF 280 CONTRACTS FOR 28,000 OZ OR .8709 TONNES THEN APRIL 9 484 CONTRACTS FOR 48400 OZ OR 1.5054 TONNES AND FINALLY MONDAY MORNING APRIL 14 AT 200 CONTRACTS FOR 20,000 OZ OR .5816 TONNES AND NOW APRIL 24: 600 CONTRACTS FOR 60,000 OZ OR 1.866 TONNES AND NOW APRIL 25 187 CONTRACTS FOR 18700 OZ OR .5816 TONNES//NEW FINAL TOTAL ISSUANCE FOR APRIL: 8.3571 TONNES!!. APRIL ISSUANCE OF EXCHANGE FOR RISK MEANS WE NOW HAVE 5 CONSECUTIVE MONTHS FOR EXCHANGE FOR RISK ISSUANCE. THESE DELIVERIES WERE ADDED TO OUR NORMAL DELIVERY CYCLE.
MAY ISSUANCE OF EXCHANGE FOR RISK NOW TOTALS 3 ISSUANCES FOR 308,350 OZ. THIS TOTALS 9.591 TONNES OF GOLD WHICH WILL BE ADDED TO OUR REGULAR DELIVERY SCHEDULE. THE RECPIENT OF THIS LARGESS IS THE BANK OF ENGLAND.
HERE IS WHAT HAPPENED LAST MONTH; FINAL GOLD STANDING FOR APRIL:
APRIL: 201.573 TONNES +(8.3571 EX FOR RISK// FOR APRIL DELIVERY MONTH =209.953 TONNES OF THE GOLD. THIS IS THE 2ND HIGHEST AMOUNT OF DELIVERY GOLD WHICH FOLLOWS THE HIGHEST EVER ON AN ACTIVE MONTH GOLD DELIVERY BEING FEB 2025 AT 256.607 TONNES..
ANALYSIS MAY DELIVERY MONTH GOING FROM FIRST DAY NOTICE// MAY COMEX CONTRACT
WE HAVE GAINED A STRONG SIZED TOTAL OF 29.505 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR MAY FIRST RECORDED AT 28.945 TONNES ON FIRST DAY NOTICE/APRIL 30. WE HAD A SMALL 41 CONTRACT QUEUE JUMP FRIDAY, FOR 4100 OZ OR 0.1275 TONNES. THIS QUEUE JUMP IS CENTRAL BANKS JUMPING AHEAD OF US SIMPLE MORTALS DEMANDING GOLD FOR THEIR RESERVES. THUS NEW STANDING ADVANCES TO 80.373 TONNES OF GOLD. TO WHICH WE ADD (MAY 13 MAY 15.MAY 19) EXCHANGE FOR RISK ISSUANCE FOR 9.591 TONNES//NEW TOTAL GOLD STANDING FOR MAY INCREASES TO 89.964 TONNES
THUS MAY STANDING FOR GOLD SO FAR: 89.964 TONNES
ALL OF THIS HUGE STANDING WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $67.90
WE HAD A MONSTER 6789 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL.
NET GAIN ON THE TWO EXCHANGES 2398 CONTRACTS OR 239,800 0Z (7.458 TONNES)
Total monthly oz gold served (contracts) so far this month
25,291 notices 2,529,100 oz 78.665 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
dealer deposits: 0 entry
xxxxxxxxxxxxxxxxxxxxx
DEPOSITS/CUSTOMER
we have 0 customer entries
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: 1
withdrawals: 1
i) out of JPMorgan: 675.181 oz (21 kilobars)
adjustments: 1//dealer to customer JPMorgan
a) JPMorgan 12,098.271 oz
AMOUNT OF GOLD STANDING FOR MAY
THE FRONT MONTH OF MAY STANDS AT 576 CONTRACTS FOR A LOSS OF 674 CONTRACTS. WE HAD 715 CONTRACTS SERVED ON FRIDAY SO WE GAINED 41 CONTRACTS AND THUS WE WITNESS A SMALL 4100 OZ QUEUE JUMP FOR 0.1275 TONNES. THIS FOLLOWS LAST WEEK’S (MAY 15) RECORD BREAKING 9.987 TONNES. FOR THE PAST 10 DAYS WE HAVE RECORDED 30.9479 TONNES OF QUEUE JUMPS. ALL OF THIS IS PHYSICAL GOLD AND ALL GOING TO CENTRAL BANKS. LONDON HAS RECORDED OVER 30 TONNES OF GOLD LEAVING ITS SHORES THIS MONTH
JUNE LOST 23,197 CONTRACTS TO 120,690 JUNE BECOMES OUR NEW FRONT MONTH AND THIS MONTH WILL BE A MEGA WHOPPER OF A DELIVERY MONTH. THE FRBNY IS QUITE NERVOUS LOOKING AT JUNE OI.WE HAVE 3 MORE TRADING DAYS BEFORE OUR BIG FIRST DAY NOTICE FRIDAY MAY 30.
JULY GAINED 236 CONTRACTS TO STAND AT 5632
We had 27 contracts filed for today representing 2700 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 and 10 notices issued from their client or customer account. The total of all issuance by all participants equate to 27 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 16 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for MAY /2025. contract month, we take the total number of notices filed so far for the month (25,291 X 100 oz ) to which we add the difference between the open interest for the front month of MAY (576 CONTRACTS) minus the number of notices served upon today (27 x 100 oz per contract) equals 2,584,000 OZ OR 80.373 TONNES to which we add 9.591 tonnes of gold issued under exchange for risk//new totals 89.964 tonnes
thus the INITIAL standings for gold for the MAY contract month: No of notices filed so far (25,291 x 100 oz +we add the difference for front month of MAY (576 OI} minus the number of notices served upon today (27 x 100 oz) which equals 2,584,000 OZ OR 80.373 TONNES + 9.591 tonnes = 89.964 tonnes
TOTAL COMEX GOLD STANDING FOR MAY.: 89.964 TONNES WHICH IS HUGE FOR THIS NON ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. FEBRUARY HAD THE HIGHEST DELIVERY FOR ANY MONTH AND APRIL WAS SECOND..
JPMorgan has a total silver weight: 214.825million oz/497,302 oz million or 43.05%
TOTAL REGISTERED SILVER: 168.457 MILLION OZ//.TOTAL REG + ELIGIBLE. 497.302Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR MAY
silver open interest data:
FRONT MONTH OF MAY /2025 OI: 428 OPEN INTEREST CONTRACTS FOR A LOSS OF 14 CONTRACTS. WE HAD 2 NOTICES FILED ON FRIDAY SO WE LOST AGAIN 12 CONTRACTS WHICH UNDERWENT AN EFP TRANSER TO LONDON OF 60,000 OZ WHERE THESE BOYS HAVE DECIDED TO TAKE DELIVERY OVER THERE. I MUST REPORT WE HAD 0 EXCHANGE FOR RISK ISSUANCE FOR TODAY. THUS THE NEW TOTAL REMAINS AT TWO ISSUANCES OF EXCHANGE FOR RISK IS 12.93 MILLION OZ.
JUNE SAW A LOSS OF 4 CONTRACTS DOWN TO 2554 CONTRACTS. JUNE OI REFUSES TO LIQUIDATE
WE WILL PROBABLY HAVE OVER 12 TO 13 MILLION OZ STAND FOR JUNE/AN OFF MONTH
AS IT IS NOW THE FRONT MONTH. WE HAVE 3 MORE TRADING DAYS BEFORE FIRST DAY NOTICE, FRIDAY MAY 30.
JULY GAINED 2095 CONTRACTS UP TO 112,522
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 0 or NIL oz
CONFIRMED volume; ON FRIDAY 50,186 poor//
AND NOW MAY DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in MAY. we take the total number of notices filed for the month so far at 14,798 X5,000 oz = 73.990 MILLION oz
to which we add the difference between the open interest for the front month of MAY (428) AND the number of notices served upon today (0 )x (5000 oz)
Thus the standings for silver for the MAY 2025 contract month: (14,798) Notices served so far) x 5000 oz + OI for the front month of MAY(428) minus number of notices served upon today (0)x 5000 oz equals silver standing for the MAY contract month equating to 76.130 MILLION OZ . THEN WE MUST ADD OUR NEW 12.93 TONNES OF EXCHANGE FOR RISK. NEW TOTAL STANDING FOR SILVER REDUCES TO: 89.060 MILLION OZ
New total standing: 89.060 million oz which is huge for this active delivery month of MAY.
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 168.457million 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
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
MAY 27 WITH GOLD DOWN $63.50 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.43 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 922.46 TONNES
MAY 23 WITH GOLD UP $69.70 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 4.01 TONNES OF GOLD INTO THE GLD/ ///INVENTORY RESTS AT 923.89TONNES
MAY 22 WITH GOLD DOWN $15.50 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 919.88 TONNES
MAY 21 WITH GOLD UP $28.75 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.57 TONNES OF GOLD INTO THE GLD/ ///INVENTORY RESTS AT 921.60 TONNES
MAY 20 WITH GOLD UP $51.40 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 2.30 TONNES OF GOLD INTO THE GLD/ ///INVENTORY RESTS AT 921.03 TONNES
MAY 19 WITH GOLD UP $46.65 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 4.89 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 918.73 TONNES
MAY 16 WITH GOLD DOWN $38.90 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 4.30 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 927.62 TONNES
MAY 15 WITH GOLD UP $38.80 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 4.53 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 931.92 TONNES
MAY 14 WITH GOLD DOWN $40.35 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.43 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 936.51 TONNES
MAY 13 WITH GOLD UP $19.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.71 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 937.94 TONNES
MAY 12 WITH GOLD DOWN $115.00 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.71 TONNES OF GOLD OUT OF THE GLD/ ///INVENTORY RESTS AT 937.94 TONNES
MAY 9 WITH GOLD UP $37.50 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 2.01 TONNES OF GOLD INTO THE GLD/ ///INVENTORY RESTS AT 939.68 TONNES
MAY 8 WITH GOLD DOWN $82.60 TODAY// SMALL CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.23 TONNES OF GOLD WITHDRAWN FROM THE GLD/ ///INVENTORY RESTS AT 937.67 TONNES
MAY 7 WITH GOLD DOWN $30.30 TODAY// NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 937.96 TONNES
MAY 6 WITH GOLD UP $101.55 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 6.32 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 937.96 TONNES
MAY 5 WITH GOLD UP $77.95 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.13 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 944.28 TONNES
MAY 2 WITH GOLD UP $ 18.40 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.15 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 945.41 TONNES
MAY 1 WITH GOLD DOWN $ 92,45 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.87 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 944.26 TONNES
APRIL30 WITH GOLD DOWN $14.05 TODAY// NO CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.86 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 947.13 TONNES
APRIL29 WITH GOLD DOWN $13.45 TODAY// NO CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.27 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 946.27 TONNES
APRIL28 WITH GOLD UP $50.20 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.27 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 946.27 TONNES
APRIL25 WITH GOLD DOWN $49.95 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A MASSIVEV WITHDRAWAL OF 3.911 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 948.56 TONNES
APRIL24 WITH GOLD UP $54.90 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 952.471 TONNES
APRIL23 WITH GOLD DOWN $124.55 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE WITHDRAWAL OF 9.47 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 949.70 TONNES
APRIL22 WITH GOLD DOWN $7,75 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE DEPOSIT OF 6.89 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 957.17 TONNES
APRIL21 WITH GOLD UP $98.70 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.88 TONNES OF GOLD OUT OF THE GLD ///INVENTORY RESTS AT 952.28 TONNES
APRIL17 WITH GOLD DOWN $14.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 4.02 TONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 957.17 TONNES
APRIL16 WITH GOLD UP $12.90 TODAY// NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 953.15 TONNES
APRIL15 WITH GOLD UP $106.35 TODAY// NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 953.15 TONNES
APRIL14 WITH GOLD DOWN $16.90 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.44 TONNES OF GOLD INTO THE GLD. ///INVENTORY RESTS AT 953.15 TONNES
APRIL11 WITH GOLD UP $67.70 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 13.48 TONNES OF GOLD INTO THE GLD. ///INVENTORY RESTS AT 949.71 TONNES
/APRIL10 WITH GOLD UP $100.00 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 0.86 TONNES OF GOLD OUT OF THE GLD. ///INVENTORY RESTS AT 937.09 TONNES
GLD INVENTORY: 922.46 TONNES, TONIGHTS TOTAL
SILVER
MAY 27 WITH SILVER DOWN $0.34/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.728 MILLION OZ OF SILVER OUT OF THE SLV/: //INVENTORY AT SLV RESTS AT 457.103 MILLION OZ
MAY 23 WITH SILVER UP $0.38/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.5 MILLION OZ OF SILVER INTO THE SLV/: //INVENTORY AT SLV RESTS AT 454.375 MILLION OZ
MAY 22 WITH SILVER DOWN $0.27/NO CHANGES IN SILVER INVENTORY AT THE SLV:////: //INVENTORY AT SLV RESTS AT 451.875 MILLION OZ
MAY 21 WITH SILVER UP $0.35/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.091 MILLION OZ INTO THE SLV// ////: //INVENTORY AT SLV RESTS AT 451.875 MILLION OZ
MAY 20 WITH SILVER UP $0.65/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.41 MILLION OZ INTO THE SLV// ////: //INVENTORY AT SLV RESTS AT 449.784 MILLION OZ
MAY 19 WITH SILVER UP $0.17/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.819 MILLION OZ OUT OF THE SLV// ////: //INVENTORY AT SLV RESTS AT 447.193 MILLION OZ
MAY 16 WITH SILVER DOWN $0.24/NO CHANGES IN SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 449.193 MILLION OZ
MAY 15 WITH SILVER UP 0.04/HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 0.909 MILLION OZ OUT OF SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 449.193 MILLION OZ
MAY 14 WITH SILVER DOWN $0.39/HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 0.682 MILLION OZ OUT OF SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 450.102 MILLION OZ
MAY 13 WITH SILVER UP $0.44/HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.001 MILLION OZ INTO SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 450.7845 MILLION OZ
MAY 12 WITH SILVER DOWN $0.30/HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.001 MILLION OZ INTO SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 450.7845 MILLION OZ
MAY 9 WITH SILVER UP $0.31/NO CHANGES IN SILVER INVENTORY AT THE SLV:NO CHANGE IN SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 448.783 MILLION OZ
MAY 8 WITH SILVER DOWN $0.16/NO CHANGES IN SILVER INVENTORY AT THE SLV:NO CHANGE IN SILVER INVENTORY AT THE SLV ////: //INVENTORY AT SLV RESTS AT 448.783 MILLION OZ
MAY 7 WITH SILVER DOWN $0.54/NO CHANGES IN SILVER INVENTORY AT THE SLV: ////: //INVENTORY AT SLV RESTS AT 448.783 MILLION OZ
MAY 6 WITH SILVER UP $0.92 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A HUG WITHDRAWAL OF 2.818 MILLION OZ OUT OF THE SLV ////: //INVENTORY AT SLV RESTS AT 448.783 MILLION OZ
MAY 5 WITH SILVER UP $0.08 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A SMALL DEPOSIT OF 0.117 MILLION OZ INTO THE SLV ////: //INVENTORY AT SLV RESTS AT 450.602 MILLION OZ
MAY 2 WITH SILVER DOWN $0.19 /MASSIVE CHANGES IN SILVER INVENTORY AT THE SLV:A HUGE WITHDRAWAL OF 4.545 MILLION OZ INTO THE SLV ////: //INVENTORY AT SLV RESTS AT 450.424 MILLION OZ
MAY 1 WITH SILVER DOWN $0.43 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 0.683 MILLION OZ INTO THE SLV ////: //INVENTORY AT SLV RESTS AT 454.972 MILLION OZ
APRIL30 WITH SILVER DOWN $0.65 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 2.364 MILLION OZ INTO THE SLV ////: //INVENTORY AT SLV RESTS AT 454.289 MILLION OZ
APRIL29 WITH SILVER UP $0.30 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 3.229 MILLION OZ OUT OF THE SLV ////: //INVENTORY AT SLV RESTS AT 451.925 MILLION OZ
APRIL28 WITH SILVER DOWN $0.03 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 0.136 MILLION OZ OUT OF THE SLV ////: //INVENTORY AT SLV RESTS AT 448.696 MILLION OZ
APRIL25 WITH SILVER DOWN $0.44 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSSIVE WITHDRAWAL OF 3.639 MILLION OZ OUT OF THE SLV ////: //INVENTORY AT SLV RESTS AT 448.832 MILLION OZ
APRIL24 WITH SILVER DOWN $0.01 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSSIVE DEPOSIT OF 4.771 MILLION OZ INTO THE SLV ////: //INVENTORY AT SLV RESTS AT 452.471 MILLION OZ
APRIL23 WITH SILVER UP $0.65 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSSIVE WITHDRAWAL OF 6.27 MILLIO9N OZ FROM THE SLV ////: //INVENTORY AT SLV RESTS AT 447.70 MILLION OZ
APRIL22 WITH SILVER UP $0.15 /NO CHANGES IN SILVER INVENTORY AT THE SLV: ////: //INVENTORY AT SLV RESTS AT 453.426 MILLION
APRIL22 WITH SILVER UP $0.30 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.545 MILLION OZ INTO THE SLV////: //INVENTORY AT SLV RESTS AT 453.426 MILLION
APRIL21 WITH SILVER UP $0.15 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.545 MILLION OZ INTO THE SLV////: //INVENTORY AT SLV RESTS AT 453.426 MILLION
APRIL17 WITH SILVER DOWN $0.56 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.183 MILLION OZ INTO THE SLV////: //INVENTORY AT SLV RESTS AT 453.426 MILLION
APRIL16 WITH SILVER UP $0.70 /HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A MASSIVE DEPOSIT OF 3.002 MILLION OZ INTO THE SLV////: //INVENTORY AT SLV RESTS AT 452.243 MILLION
APRIL15 WITH SILVER UP $0.07 /NO CHANGES IN SILVER INVENTORY AT THE SLV//: //INVENTORY AT SLV RESTS AT 449.241 MILLION
APRIL14 WITH SILVER UP $0/23 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 0.273 MILLION OZ OUT OF THE SLV//: //INVENTORY AT SLV RESTS AT 449.241 MILLION
APRIL11 WITH SILVER UP $1.18 /BIG CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 1.911 MILLION OZ INTO THE SLV//: //INVENTORY AT SLV RESTS AT 449.71 MILLION
APRIL10 WITH SILVER UP $0.18 /SMALL CHANGES IN SILVER INVENTORY AT THE SLV A WITHDDRAWAL OF 0.501 MILLION OZ INTO THE SLV//: //INVENTORY AT SLV RESTS AT 447.603 MILLION
CLOSING INVENTORY 457.103 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
PETER SCHIFF
MATHEW PIEPENBERG
2.ALASDAIR MACLEOD
3. CHRIS POWELL AND GATA DISPATCHES
4/On LFTV, Andrew Maguire LIVE FROM THE VAULT 224
5B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES:STEEL
6 CRYPTOCURRENCY NEWS
ASIAN MARKETS THIS MORNING:
SHANGHAI CLOSED DOWN 6.15 PTS OR 0.18%
//Hang Seng CLOSED UP 99.65 PTS OR 0.43%
// Nikkei CLOSED UP 192.58 PTS OR 0.51% //Australia’s all ordinaries CLOSED UP 0.50%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1950 OFFSHORE CLOSED UP AT 7.1952/ Oil DOWN TO 61,27 dollars per barrel for WTI and BRENT DOWN TO 64.44 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP TRADING AT 7.1950 AND WEAKER//OFF SHORE YUAN TRADING UP 7.1952 AGAINST US DOLLAR/ AND THUS WEAKER
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS /TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN TO 7.1950 (CHINESE COMMUNIST PARTY MANIPULATED)
OFFSHORE YUAN: UP TO 7.1952 (CCP MANIPULATED)
SHANGHAI CLOSED DOWN 6.15 PTS OR 0.18%
HANG SENG CLOSED UP 99.68 PTS OR 0.43%
2. Nikkei closed UP 174.60 PTS OR 0.47%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 99.27// EURO RISES TO 1.1339 UP 57 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1.478//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 144.05…… 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 DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and DOWN FOR UP FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.5430/Italian 10 Yr bond yield DOWN to 3.562 SPAIN 10 YR BOND YIELD DOWN TO 3.163%
3i Greek 10 year bond yield DOWN TO 3.322
3j Gold at $3292.00. Silver at: 32.90 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 36 /100 roubles/dollar; ROUBLE AT 70.11
3m oil into the 61 dollar handle for WTI and 64 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 144.05// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.478% 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 0.8266 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9383 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: 4.475 DOWN 4 BASIS PTS…
USA 30 YR BOND YIELD: 4.979 DOWN 6 BASIS PTS/
USA 2 YR BOND YIELD: 3.986 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 39.00
10 YR UK BOND YIELD: 4.6750 DOWN 3 PTS
10 YR CANADA BOND YIELD: 3.281 DOWN 10 BASIS PTS
5 YR CANADA BOND YIELD: 2.887 DOWN 7 PTS
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
2a New York OPENING REPORT
Stocks Jump As Japan Panics About Soaring Bond Yields
Tuesday, May 27, 2025 – 08:23 AM
“Stocks stop panicking after policymakers start panicking”
– Bank of America’s Michael Hartnett
US equity futures are higher on US/EU trade optimism as well as global bond yield stabilization after the BOJ is reportedly looking to reduce domestic bond vol following last week’s historic selloff which led to record losses on Japanese life insurers and other financial firms. As of 8:00am, S&P futures are up 1.5%, and Nasdaq futures gain 1.6% after Trump said he would extend the deadline for the European Union to face 50% tariffs until July 9; Stocks look like an ‘Everything Rally’ led by TMT in premarket trading with multiple Mag7 names are up more than 2% including NVDA +2.8% ahead of earnings tomorrow, buoying Semis, and Cyclicals over Defensives. The yield curve is bull flattening amid USD strengthening, perhaps setting the stage for US outperformance. 30Y yields fell six basis points to move below 5% as Japanese long-end bond yields plunged after reports that Japan’s finance ministry asked market participants for their views on the appropriate amount of debt issuance, suggesting Japan’s MOF is looking to bring calm to a market where relentless selling had pushed yields to record highs and left demand for fresh supply floundering. The dollar rose 0.3%, setting the currency on track for its biggest gain in more than two weeks. Today’s macro data focus in Durable/Cap Goods, Housing Prices, and Consumer Confidence with the critical catalyst being tomorrow’s NVDA print.
In premarket trading, Magnificent Seven stock after all well in the green (Tesla +2.2%, Nvidia +2.5%, Meta +1.9%, Amazon +1.6%, Alphabet +1.5%, Apple +1.6%, Microsoft +1.1%). Gold mining stocks including Newmont (NEM) are lower, following peers in the rest of the world as gold extends a slide on weakening demand for haven assets (Barrick Mining -1.9%; Newmont -2.5%). Trump Media (DJT) surged 11% after the Financial Times reported that the company plans to raise $2 billion in equity and $1 billion via convertible bonds to buy cryptocurrencies. Nuclear stocks are set to extend a rally into a second day after President Donald Trump signed orders aimed at reviving US leadership in nuclear power Friday (Constellation Energy +2.4%, Nano Nuclear Energy +2.7%). Here are some other notable premarket movers
Block (XYZ) gains 2.6% after BNP Paribas Exane upgraded the firm to outperform as the broker expects the digital payments company to achieve its profit growth goals.
Informatica (INFA) rises 5% as Salesforce is said to be reviving talks to acquire the software company.
PDD ADRs (PDD) drops 18% after the budget shopping site reported the lowest adj. operating margin in three years, citing “substantial investments” made to support merchants and consumers.
Rocket Pharmaceuticals (RCKT) sinks 62% after a patient participating in a Phase 2 trial passed away. The FDA has placed a clinical hold on the trial to allow for further evaluation.
United States Steel extended gains after rallying about 21% on Friday as Trump announced a partnership between the firm and Japan’s Nippon Steel Corp.
The big move overnight came from Japan’s bond market where the yield on Japan’s 40-year debt fell about 25 basis points after Reuters reported that Japan’s finance ministry asked market participants for their views on the appropriate amount of debt issuance. The move suggested Japan’s MOF is finally panicking and hoping to bring calm to a market where relentless selling had pushed yields to record highs and left demand for fresh supply floundering.
“That potential lower issuance is giving Treasuries a nice helping hand,” said Michael Brown, strategist at Pepperstone Group in London. “For those seeking to buy long-term debt, lower Japanese government-bond supply could force them into the Treasury complex.”
US Treasuries have come under pressure in recent weeks as President Donald Trump’s signature tax legislation and a Moody’s Ratings downgrade put the spotlight on rising debt issuance and a ballooning budget deficit. The dollar has also been hit as shifting US policies and the global trade war weighed on demand for American assets. The unpredictabililty of Trump’s tariff moves will continue to weigh on the greenback, said Kenneth Broux, a strategist at Societe Generale. The dollar has declined more than 7% this year against a basket of currencies, despite Tuesday’s gains.
“When you see these patterns of escalation, de-escalation, sleep, repeat, it’s not going to give investors a lot of confidence about what the administration is trying to do,” Broux said. “There’s still the conversations about the re-balancing from US assets. That’s a multi-week, multi-month process.”
The Stoxx 600 rises 0.6%, led by gains in travel, technology and industrial names. Germany’s DAX index also trades at a record high. Here are the top European movers:
Elementis shares jump as much as 17%, the most in four years, after the specialty chemicals company struck a deal to offload its talc business. Analysts say this removes an overhang from the stock and improves the investment case.
Ambea gains as much as 6.9%, the most since April 10, after Handelsbanken initiated coverage with a buy rating alongside Swedish health-care provider peers Attendo, which it rates buy, and Humana AB, which receives a hold rating.
Burberry shares gain as much as 3% as Barclays raises its recommendation to equalweight from underweight, saying the British luxury firm’s high-end brand positioning is no longer at risk.
FLSmidth rises as much as 5.4% to trade at the highest in more than two months, after Goldman Sachs upgraded its view to buy from neutral, arguing for a rerating for the Danish engineering group as its 12-month forward EV/Ebit multiple sits below the 10-year median.
Zegona Communications — parent of Vodafone Spain — slumps as much as 17% in London after Spanish newspaper Expansion reported that its fiber joint venture with Masorange is now considering selling a smaller stake than previously expected.
Qinetiq shares gain as much as 4.4% as the firm is raised to buy at Kepler Cheuvreux.
Jupiter Fund Management shares jump as much as 12%, the most since July 2023. Peel Hunt upgrades its rating to add from hold, lauding the firm’s cost savings as a boost to profitability.
LEM shares fall as much as 6.5% after the Swiss electrical components maker’s full-year earnings missed analyst estimates. Tariffs uncertainty could damp the cyclical recovery, according to Vontobel.
E.On shares fall as much as 1.8% after the utility firm was downgraded by analysts at Citi following a stellar rally in the shares since the start of 2025. The stock pared its year-to-date gains to around 39%.
Precious metals drop for a second day, its longest losing streak since April 23, as gold also extended its slide on weakening demand for haven assets.
European auto stocks fall on after data showed a drop in new-car registrations across the region, including in major markets Germany and France.
Premier Foods shares fall as much as 4.2%. The packaged food firm loses its clean sweep of positive analyst ratings as RBC downgrades to sector perform from outperform.
Earlier in the session, Asian equities slipped after reaching a fresh seven-month high on Monday, weighed down by losses in technology shares. The MSCI Asia Pacific Index fell as much as 0.4%, with TSMC, Samsung Electronics and ICICI Bank among the biggest drags. Benchmark gauges dropped in Taiwan, India and mainland China, while Japanese and Hong Kong shares advanced. An index of region’s tech stocks slumped as much as 1.2% to the lowest since May 14. Asian equities have been outperforming on a continued inflow of institutional funds given the weakening of the dollar and concerns over US policymaking. The MSCI regional benchmark is on pace to beat a gauge of global equities for the fourth month in a row, the longest such streak since 2017.
“We do see a slowdown coming in China,” likely in the second half, Jun Bei Liu, co-founder and lead portfolio manager at Ten Cap Investment, told Bloomberg TV. While consumer businesses should do well, “we’re just a little bit cautious” given weakness in housing and as the latest stimulus has yet to take effect.
In rates, Japanese government bonds lead a global long-end rally after Reuters reported the country’s finance ministry has asked market participants for their views on the appropriate amount of government debt issuance. Japan’s 30-year bond yield slid as much as 22 basis points, while comparable US Treasury yields drop 7 bps at 4.97%; UK and German 30-year borrowing costs fall 5 bps each. Bonds rose across Europe as well, where weaker-than-expected French inflation offered an additional boost. European equities climbed 0.5%.
In FX, the Bloomberg Dollar Spot Index rises 0.3% while the yen is the weakest of the G-10 currencies, falling 0.7% against the greenback to near 144.
Oil prices edge higher ahead of an OPEC+ meeting on supply policy. WTI climbs 0.4% to $61.80 a barrel. Spot gold falls $45 to around $3,300/oz.
Looking at today’s calendar, US economic data includes April durable goods orders (8:30am), March FHFA house price index, 1Q house price purchase index, March S&P CoreLogic house prices (9am), May consumer confidence (10am) and Dallas Fed manufacturing activity (10:30am). Fed speaker slate includes Barkin (9:30am) and Williams (8pm)
Market Snapshot
S&P 500 mini +1.5%
Nasdaq 100 mini +1.7%
Russell 2000 mini +1.6%
Stoxx Europe 600 +0.6%
DAX +0.7%
CAC 40 +0.2%
10-year Treasury yield -5 basis points at 4.47%
VIX -0.3 points at 20.25
Bloomberg Dollar Index +0.3% at 1214.65
euro -0.3% at $1.1351
WTI crude +0.3% at $61.74/barrel
Top Overnight News
Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal. RTRS
Treasury Secretary Scott Bessent said that US regulators this summer may ease a rule that’s served as a constraint on banks’ trading in the $29 trillion Treasuries market. “We are very close to moving” on the so-called supplementary leverage ratio, Bessent said BBG
Japan will consider trimming issuance of super-long bonds in the wake of recent sharp rises in yields for the notes as policymakers seek to soothe market concerns about worsening government finances. RTRS
BOJ Governor Kazuo Ueda indicated his intention to continue raising the benchmark interest rate if the economy improves as expected. BBG
Japan’s chief trade negotiator Ryosei Akazawa indicated his aim to resolve tariff talks in time for a June meeting between US President Donald Trump and Japan’s Prime Minister Shigeru Ishiba following Trump’s surprise pivot to allow a partnership between two of the countries’ steelmakers. RTRS
UK food inflation rose to the highest level in a year as supermarkets battle higher operating costs stemming from the government’s revenue-raising budget. BBG
Several Eurozone countries signal they want to move quickly to strike a trade deal w/the US. FT
Salesforce is expected to pay $25 per share for Informatica in a deal set to be announced today. WSJ
The Fed’s Neel Kashkari doubled down on his case for caution on further rate moves. He said there’s a “healthy debate” among policymakers about whether to look through the inflation effect of tariffs as a transitory shock, or a lasting issue. BBG
Tariffs/ Trade
EU set to focus on critical sectors in a bid to avoid US tariffs, according to Bloomberg sources, EU Trade commissioner Sefcovic will lead political negotiations on industries such as steel and aluminium, autos, pharma, semiconductors and aircraft. Talks will happen in parallel with technical discussions on tariffs and non-tariff barriers
European Industry Association sent a survey to firms on behalf of the European Commission requesting details on US investment plans, according to Reuters sources.
European Trade Commissioner Sefcovic said he had a good call with US Commerce Secretary Lutnick on Monday and that the European Commission remains fully committed to constructive and focused efforts at pace towards an EU-US deal, while he added that they continue to stay in constant contact.
South Africa offered to import LNG from the US for 10 years as part of the deal proposed to Washington which would include the US investing in gas infrastructure and cooperating on technology and fracking, according to a ministerial statement.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mixed with price action relatively rangebound amid a lack of major fresh catalysts and in the absence of a lead from Wall St owing to Memorial Day. ASX 200 edged marginally higher as strength in tech, energy and financials atoned for the underperformance in the mining and resources sectors. Nikkei 225 was subdued amid a firmer currency and after BoJ Governor Ueda reiterated the central bank’s policy normalisation rhetoric, although the downside was stemmed following a lack of deviation in Services PPI data, which matched the prior reading, and as long-end JGB yields declined. Hang Seng and Shanghai Comp were lacklustre with price action in Hong Kong choppy and with the mainland constrained as focus turned to earnings releases and despite a slight acceleration in Chinese Industrial Profits, while a firm PBoC liquidity operation also failed to inspire.
Top Asian News
Chinese Premier Li said China and Cambodia are to jointly respond to external uncertainties, according to Xinhua.
China’s Mofcom summoned industry associations and automakers such as BYD (1211 HK) and Dongfeng Motor (489 HK) to a meeting on Tuesday afternoon and intends to discuss matters including the emergence of used cars on the market that have never been driven.
BoJ Governor Ueda said while many of his G7 colleagues looked relieved by the progress made in the fight against inflation, they also acknowledged new challenges such as heightened trade policy uncertainty and dealing with more frequent supply side shocks, while he added they are still grappling in Japan with the challenge of achieving the 2% inflation target in a sustainable manner and are now closer to the inflation target than any time during the last few decades, but are not quite there. Furthermore, he said to an extent, incoming data allows them to gain more confidence in their baseline scenario, and as economic activity and prices improve, they will adjust the degree of monetary easing as needed to ensure achievement of sustainable 2% inflation target.
Japan Ministry of Finance will consider tweaking the composition of its bond issuance plan that could involve trimming issuance of super long debt, according to sources cited by Reuters.
European bourses (STOXX 600 +0.5%) opened incrementally firmer, but sentiment improved in tandem with a pick-up in US equity futures. Indices currently reside at session highs. European sectors hold a strong positive bias, with only a handful of industries residing in the red. Financials take the top spot, joined closely by Travel & Leisure and then Industrials. The latter buoyed by continued strength in Defence names, following Trump’s hawkish remarks on Putin following Russia’s large-scale attack on Ukraine over the weekend.
Top European News
UK government will spend a record GBP 3bln to boost training opportunities as part of a broader strategy to train locals to fill gaps in the labour market and reduce reliance on migrant workers.
UK Chancellor Reeves is “being forced towards” a tax raid of up to GBP 30bln by benefit giveaways and her struggle with increasing borrowing costs, according to The Telegraph, citing the NIESR.
UK government is shifting to shorter term borrowing to lower its interest bill as a global debt sell-off adds to the pressure on its tax and spending plans, according to FT.
ECB’s Villeroy says interest rate normalisation within the EZ is probably incomplete.
German Chamber of Commerce (DIHK) expects inflation at 2.1% in 2025 (vs 2.2% in 2024); German economy expected to contract by 0.3% in 2025 (vs prev. forecast of -0.5%); exports are expected to decline by 2.5% in 2025.
French PM Bayrou says will unveil budget-cutting proposals in early July, according to BFM TV.
EU Ministers approve the EUR 150bln Euro arms fund to give loans for defence projects, says Polish European Affairs Minister.
FX
DXY is attempting to recover recent losses after printing a fresh MTD trough on Monday at 98.69. There hasn’t been a clear driver for the price action with fresh macro drivers out of the US on the light side. Focus remains on the trade front with FBN’s Gasparino noting yesterday that a framework between the US and India is close to being announced; this could offer some reprieve. Elsewhere, remarks from Fed 2026 voter Kashkari stated that he finds arguments against looking through tariff-induced inflation as compelling. For today’s docket, the notable highlights are Durable Goods and Consumer Confidence metrics.
EUR/USD is on the backfoot and has returned to a 1.13 handle as the USD attempts to atone for recent losses. Focus remains on the trade front after US President Trump’s decision over the weekend to announce a delay to the 50% tariff deadline on EU goods to July 9th. The latest reporting via Bloomberg states that the EU is set to focus on critical sectors in a bid to avoid US tariffs; key industries include steel, aluminium, autos, pharma, semiconductors and aircraft. On the data slate, French CPI metrics came in softer-than-expected ahead of next week’s EZ-wide release. EUR/USD has delved as low as 1.1338 with little in the way of support until the 1.13 mark.
USD/JPY initially retreated amid a softer dollar and the subdued risk appetite in Japan. There were also comments from BoJ Governor Ueda who stated that, to an extent, incoming data allows them to gain more confidence in the baseline scenario and that as economic activity and prices improve, they will adjust the degree of monetary easing as needed. Nonetheless, the pair eventually clawed back losses as the dollar rebounded off lows and as long-term JGB yields declined in response to source reporting via Reuters that Japan’s MoF will consider tweaking the composition of its bond issuance plan.
GBP on the backfoot vs. the USD but to a lesser extent than most peers. Cable is currently snapping its recent strong showing which saw it hit a multi-year peak on Monday at 1.3593. Fresh macro drivers for the UK are lacking as participants return from the long weekend.
After a strong showing in early European trade on Monday on account of the positive risk tone, both are on the backfoot as the USD picks up steam. NZD/USD hit a fresh YTD high yesterday at 0.6031 before returning to a 0.59 handle.
Fixed Income
JGBs were initially weighed on by BoJ’s Ueda reiterating hiking plans. Action which, pushed JGBs to a 139.08 low overnight. Thereafter, the benchmark rallied on supply related sources to a 139.49 peak. Japan’s MOF is to consider tweaking its bond issuance composition, via Reuters citing sources. A tweak that could include the trimming of super long-term debt.
The above has carried into US trade. Lifting USTs by 10 ticks at best to a 110-13 high. Yields lower across the US curve but, unsurprisingly, given the long-dated focus to the MOF reporting that area is leading the move down, sparking bull-flattening. Fed’s Kashkari stuck to the data-dependent approach that has characterised his commentary in recent days and weeks. Focus ahead now on US Durable Goods and Consumer Confidence due before a 2yr Note auction.
Bunds were already subject to an upward bias given the JGB action, a bias which was extended on by a cooler-than-expected set of French preliminary inflation, a series that was sufficient to lift Bunds above the 131.00 mark. Further support stemmed from ECB’s Villeroy, who outlined that interest rate normalisation within the bloc is unlikely to have concluded. This added to the above bias and lifted Bunds to a 131.22 peak, where the benchmark remains. German paper was little moved by EZ Sentiment data were more-or-less in-line.
Gilts are bolstered in sympathy with JGBs, and with two UK-specific factors also influencing. Firstly, the FT reports that the UK will be shifting to shorter-term borrowing in order to lower its interest bill amid elevated longer-dated yields which are pressuring the fiscal situation. Secondly, The Telegraph citing NIESR reports that Chancellor Reeves is “being forced towards” a tax raid of as much as GBP 30bln, due to increasing borrowing costs and benefit payments. Altogether, these factors caused Gilts to gap higher by 47 ticks (gapping from Friday’s close, owing to Monday’s Bank Holiday) and then extend another 43 to a 91.89 peak.
Saudi Aramco mandates USD 5, 10 and 30yr benchmarks, according to IFR. IPTs (vs USTs): 5yr +115bps, 10yr +130bps, 30yr +18bps.
Italy sells EUR 2.75bln vs exp. 2.5-2.75bln 2.55% 2027 BTP Short Term & EUR 2.0bln vs exp. EUR 1.5-2bln 1.80% 2036 & 1.25% 2032 BTPei
Commodities
Crude price action has been uneventful and choppy within recent ranges in the run-up to the OPEC event on May 31st. WTI currently resides in a USD 61.08-62.14/bbl intraday range with its Brent counterpart in USD 64.36-64.98/bbl confines.
Precious metals are posting losses in European hours, with early pressure seen as Shanghai commodities trade got underway, particularly for the yellow metal, amid several factors including 1) USD strength, caused in part (in more recent trade) by EUR losses after softer French Prelim CPI, 2) Unwinding of some risk premium as UK and US traders react to US delaying the EU tariffs, 3) technical factors with the yellow metal dipping under overnight support (USD 3,325/oz), yesterday’s low (3,323.50/oz) and eventually, but briefly, the USD 3,300/oz.
Base metals are subdued, and are sidelining the positive sentiment across equities, with the LME back up and running after the long weekend, whilst prices are pressured by the strengthening USD, irrespective of the constructive US-EU trade news from over the weekend. 3M LME copper remains above USD 9,500/t with a current intraday parameter between USD 9,561.95-9,640.00/t.
The meeting of eight OPEC+ countries was brought forward to May 31st from June 1st, according to Reuters sources.
Russian Deputy PM Novak said nothing has been discussed yet in response to a question about whether OPEC+ has discussed an oil output increase by another 411k bpd from July, and stated that OPEC+ will discuss the current market conditions and forecast, as well as make some adjustments if needed. Furthermore, Novak said the possible G7/EU tightening of Russia’s oil price cap is not acceptable and stated that price caps have not affected Russia’s oil exports, according to RIA.
Ecuador’s biggest oil refinery experienced a fire and halted operations as a precaution following the fire.
Petrobras (PBR) CEO said if oil prices drop further, they will cut diesel, gasoline, and jet fuel prices, while he added that fuel prices are at a ‘comfortable level’ and that gasoline and diesel prices are below parity at the moment.
China Steel Association said China is working to control steel capacity to resolve the mismatch between supply and demand.
Ukraine has approved the gas transportation mechanism via the Transbalkan pipeline from Greece, awaiting approval from other corresponding nations.
Geopolitics: Middle East
Israeli PM Netanyahu said on Monday regarding hostage deal negotiations that he hopes they will have news regarding the hostages today or tomorrow.
Geopolitics: Ukraine
Russia’s Kremlin says work on Russia-US POW swap continues; on reports of possible US sanctions, says it is aimed at wrecking Ukraine peace talks. Ukrainian attacks on Russia do not facilitate peace process.
US President Trump is said to be eyeing sanctions against Moscow this week as he grows frustrated by Russian President Putin’s continued attacks on Ukraine and the slow pace of peace talks, according to people familiar with Trump’s thinking cited by WSJ.
Western allies of Ukraine, including the UK and US have agreed to lift all range restrictions on weapons in Ukraine, according to The Times.
Ukrainian President Zelensky said Russian mass attacks are Russian President Putin’s political choice and that Putin is playing with diplomacy, while he added that more pressure and sanctions must be applied on Russia.
Authorities in Ukraine’s Sumy region said Russian forces captured several villages in the region.
Geopolitics: Other
Guangzhou public security authorities said a technology company in China’s Guangzhou was attacked by a foreign hacker organisation and the initial investigation found that the cyberattack was by a hacker organisation ‘supported by’ Taiwan’s DPP authorities.
US Event Calendar
8:30 am: Apr P Durable Goods Orders, est. -7.8%, prior 9.2%, revised 7.5%
8:30 am: Apr P Durables Ex Transportation, est. 0%, prior 0%, revised -0.4%
8:30 am: Apr P Cap Goods Orders Nondef Ex Air, est. -0.05%, prior 0.1%, revised -0.2%
8:30 am: Apr P Cap Goods Ship Nondef Ex Air, est. -0.05%, prior 0.2%, revised 0.1%
9:00 am: Mar FHFA House Price Index MoM, est. 0.1%, prior 0.1%
9:00 am: Mar S&P CoreLogic CS 20-City YoY NSA, est. 4.5%, prior 4.5%
10:00 am: May Conf. Board Consumer Confidence, est. 87.1, prior 86
10:30 am: May Dallas Fed Manf. Activity, est. -23.05, prior -35.8
Central Bank Speakers
4:00 am: Fed’s Kashkari Speaks at Bank of Japan Event
9:30 am: Barkin Appears on Bloomberg TV
8:00 pm: Fed’s Williams Speaks in Moderated Discussion in Tokyo
DB’s Jim Reid concludes the overnight wrap
Given that the UK and US were on holiday yesterday, today’s edition will include a week ahead and a review of last week as well as discuss a quiet session in Europe yesterday and Asia overnight. This week is half-term in the UK so activity could be a bit slower which could have been a problem if we were still facing the June 1st 50% tariff deadline for the EU, but yet again we saw a deadline delay over the weekend back to the original July 9th date after a positive call between Trump and EC President von der Leyen. The Stoxx 600 (+0.99%) made up for Friday’s fall (-0.93%) after the delay but even Friday’s fall showed that markets are getting more accustomed to Trump’s threats and now partly assume the full threat won’t immediately materialise. There is certainly fear fatigue. Interestingly the dollar hasn’t rallied since the news on Friday and has instead edged lower. Investors are seemingly of the view that continued aggressive tariff headlines chip away at investors desire to hold US assets. 10yr European bond markets rallied 1-3bps yesterday with 30yr yields 2-5bps lower.
In Asia, S&P (+0.90) and NASDAQ (+0.96%) futures are notably stronger than Friday’s close while 10yr and 30yr US Treasuries have rallied -3.0bps and -4.3bps after yesterday’s holiday. In Japan 10 and 30 year yields are -5.6bps and -16.4bps lower with a further few basis points of this rally coming just as we go to print as a Reuters story has quoted sources at the MoF suggesting a trimming of ultra-long issuance after the recent rout. There is a 40yr auction tomorrow. This all comes after a very weak 20yr auction this time last week so things have moved fast at the Japanese long end over the last several days. The Yen (+0.29%) is strengthening, trading at 142.43 against the dollar after the BOJ Governor Kazuo Ueda signaled potential further interest rate hikes in response to rising inflation. This has also helped to lower yields at the long-end this morning.
Asian stock markets are generally trading lower in a fairly quiet session so far. As I check my screens, the KOSPI (-0.60%), the CSI (-0.56%), the Shanghai Composite (-0.33%), the Hang Seng (-0.18%) and the Nikkei (-0.18%) are all slipping. The People’s Bank of China (PBOC) yesterday directed its largest banks to increase the proportion of yuan used in international trade transactions, a move aimed at promoting the currency’s use amidst ongoing trade tensions. As we move through the rest of the week, Nvidia’s earnings tomorrow night might be the most interesting single event. Its rallied around +40% from the lows but has been range trading (in a big range) for a year now after an exponential upmove in the two prior years. In the macro world, inflation will be the key theme, with US PCE (Friday), preliminary May CPIs for Europe through the week and the Tokyo CPI (Friday). Consumer confidence indicators will also be out in the US and Germany (today), and Japan (Thursday). Elsewhere the highlights are US Durable Goods today, German unemployment, Australian CPI and the latest FOMC minutes tomorrow, the second reading of Q2 US GDP and US claims on Thursday are some of the other main highlights.
Recapping last week even if it feels a long time ago now writing this on a Tuesday morning. Markets had a rougher time as investors grew more concerned about the US debt trajectory, whilst trade fears also returned after Trump threatened a fresh round of tariffs. That was clear right from the start of the week, as markets reacted to the news of Moody’s credit rating downgrade for the United States. But even after the downgrade, the fiscal situation remained top of the agenda, as the House of Representatives narrowly voted in favour of the latest tax bill. That would extend the tax cuts from Trump’s first term and raise the debt ceiling by $4tn, so it offered markets a fresh reminder about the scale of US deficits. Indeed, on an intraday basis the US 30yr yield got as high as 5.15% on Thursday, something we haven’t seen since October 2023, and a level we haven’t closed at since 2007.
Then on Friday, markets took a further hit after Trump threatened to place a 50% tariff on the EU from June 1. He said that the EU had “been very difficult to deal with”, and that the “discussions with them are going nowhere!” So that immediately led to a fresh risk-off move, with equities ending the week lower right across the world. In fact, the S&P 500’s weekly decline of -2.61% (-0.67% Friday) was the biggest since the week of Liberation Day. Meanwhile in Europe, the STOXX 600 ended a run of 5 consecutive weekly gains, falling -0.75% (-0.93% Friday). Obviously the weekend delay has helped market recoup some of last week’s (and all of Friday’s) losses.
Whilst equities were losing ground, it was also a tough week for sovereign bonds thanks to the fiscal concerns, particularly at the long end of the curve. For instance, the 30yr Treasury yield was up +9.3bps last week (+0.2bps Friday) to 5.04%. That was echoed elsewhere, with the German 30yr yield up +4.9bps to 3.08%, whilst Japan’s was up +6.1bps to 3.02% before this morning’s big rally. Sovereign bonds at shorter maturities performed much better, with the 2yr Treasury yield down -0.8bps to 3.99%, whilst the 10yr yield was up by a smaller +3.3bps to 4.51%. And in Germany, the 10yr bund yield fell -2.3bps last week to 2.57%, ending a run of 3 consecutive weekly increases.
Several of those moves were exacerbated by the latest data releases. For instance, there were strong inflation reports in the UK, Canada and Japan last week. And in Europe, the flash PMIs for May were weaker than expected, adding to the signs that the economy had lost some momentum after Liberation Day. For instance, the Euro Area composite PMI fell to 49.5, which is the first sub-50 reading since December. So risk assets struggled across the board, with Brent crude oil prices down -0.96% (+0.53% Friday) to $64.78/bbl. And US HY credit spreads widened after a run of 6 consecutive weeks of tightening, moving up +25bps last week (+7bps Friday) to 330bps.
2b European Opening report
Stocks at highs, NQ +1.7% & DXY gains; reports suggest EU to focus on critical sectors in bid to avoid US tariffs – Newsquawk US Market Open
Tuesday, May 27, 2025 – 05:27 AM
The EU set to focus on critical sectors in a bid to avoid US tariffs, according to Bloomberg sources.
Stocks in the green and generally at session highs; NQ +1.7%.
USD attempts to atone for recent losses, JPY weighed on by a pullback in domestic yields.
Bonds bid and yields slump on MOF sources, Gilts outperform on this & reports that the UK will be shifting to shorter-term borrowing in order to lower its interest bill.
Crude uneventful ahead of OPEC+ whilst precious and base metals slip.
Looking ahead, US Durable Goods & Consumer Confidence, NBH Policy Announcement, Supply from the US, Earnings from AutoZone.
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 day
TARIFFS/TRADE
EU set to focus on critical sectors in a bid to avoid US tariffs, according to Bloomberg sources, EU Trade commissioner Sefcovic will lead political negotiations on industries such as steel and aluminium, autos, pharma, semiconductors and aircraft. Talks will happen in parallel with technical discussions on tariffs and non-tariff barriers
European Industry Association sent a survey to firms on behalf of the European Commission requesting details on US investment plans, according to Reuters sources.
European Trade Commissioner Sefcovic said he had a good call with US Commerce Secretary Lutnick on Monday and that the European Commission remains fully committed to constructive and focused efforts at pace towards an EU-US deal, while he added that they continue to stay in constant contact.
South Africa offered to import LNG from the US for 10 years as part of the deal proposed to Washington which would include the US investing in gas infrastructure and cooperating on technology and fracking, according to a ministerial statement.
EUROPEAN TRADE
EQUITIES
European bourses (STOXX 600 +0.5%) opened incrementally firmer, but sentiment improved in tandem with a pick-up in US equity futures. Indices currently reside at session highs.
European sectors hold a strong positive bias, with only a handful of industries residing in the red. Financials take the top spot, joined closely by Travel & Leisure and then Industrials. The latter buoyed by continued strength in Defence names, following Trump’s hawkish remarks on Putin following Russia’s large-scale attack on Ukraine over the weekend.
US equity futures (ES +1.5% NQ +1.7% RTY +1.3%) are entirely in the green as US traders return from holiday. Price action this morning has really only been upwards, with contracts generally near session highs.
DXY is attempting to recover recent losses after printing a fresh MTD trough on Monday at 98.69. There hasn’t been a clear driver for the price action with fresh macro drivers out of the US on the light side. Focus remains on the trade front with FBN’s Gasparino noting yesterday that a framework between the US and India is close to being announced; this could offer some reprieve. Elsewhere, remarks from Fed 2026 voter Kashkari stated that he finds arguments against looking through tariff-induced inflation as compelling. For today’s docket, the notable highlights are Durable Goods and Consumer Confidence metrics.
EUR/USD is on the backfoot and has returned to a 1.13 handle as the USD attempts to atone for recent losses. Focus remains on the trade front after US President Trump’s decision over the weekend to announce a delay to the 50% tariff deadline on EU goods to July 9th. The latest reporting via Bloomberg states that the EU is set to focus on critical sectors in a bid to avoid US tariffs; key industries include steel, aluminium, autos, pharma, semiconductors and aircraft. On the data slate, French CPI metrics came in softer-than-expected ahead of next week’s EZ-wide release. EUR/USD has delved as low as 1.1338 with little in the way of support until the 1.13 mark.
USD/JPY initially retreated amid a softer dollar and the subdued risk appetite in Japan. There were also comments from BoJ Governor Ueda who stated that, to an extent, incoming data allows them to gain more confidence in the baseline scenario and that as economic activity and prices improve, they will adjust the degree of monetary easing as needed. Nonetheless, the pair eventually clawed back losses as the dollar rebounded off lows and as long-term JGB yields declined in response to source reporting via Reuters that Japan’s MoF will consider tweaking the composition of its bond issuance plan.
GBP on the backfoot vs. the USD but to a lesser extent than most peers. Cable is currently snapping its recent strong showing which saw it hit a multi-year peak on Monday at 1.3593. Fresh macro drivers for the UK are lacking as participants return from the long weekend.
After a strong showing in early European trade on Monday on account of the positive risk tone, both are on the backfoot as the USD picks up steam. NZD/USD hit a fresh YTD high yesterday at 0.6031 before returning to a 0.59 handle.
PBoC set USD/CNY mid-point at 7.1876 vs exp. 7.1842 (Prev. 7.1833)
JGBs were initially weighed on by BoJ’s Ueda reiterating hiking plans. Action which, pushed JGBs to a 139.08 low overnight. Thereafter, the benchmark rallied on supply related sources to a 139.49 peak. Japan’s MOF is to consider tweaking its bond issuance composition, via Reuters citing sources. A tweak that could include the trimming of super long-term debt.
The above has carried into US trade. Lifting USTs by 10 ticks at best to a 110-13 high. Yields lower across the US curve but, unsurprisingly, given the long-dated focus to the MOF reporting that area is leading the move down, sparking bull-flattening. Fed’s Kashkari stuck to the data-dependent approach that has characterised his commentary in recent days and weeks. Focus ahead now on US Durable Goods and Consumer Confidence due before a 2yr Note auction.
Bunds were already subject to an upward bias given the JGB action, a bias which was extended on by a cooler-than-expected set of French preliminary inflation, a series that was sufficient to lift Bunds above the 131.00 mark. Further support stemmed from ECB’s Villeroy, who outlined that interest rate normalisation within the bloc is unlikely to have concluded. This added to the above bias and lifted Bunds to a 131.22 peak, where the benchmark remains. German paper was little moved by EZ Sentiment data were more-or-less in-line.
Gilts are bolstered in sympathy with JGBs, and with two UK-specific factors also influencing. Firstly, the FT reports that the UK will be shifting to shorter-term borrowing in order to lower its interest bill amid elevated longer-dated yields which are pressuring the fiscal situation. Secondly, The Telegraph citing NIESR reports that Chancellor Reeves is “being forced towards” a tax raid of as much as GBP 30bln, due to increasing borrowing costs and benefit payments. Altogether, these factors caused Gilts to gap higher by 47 ticks (gapping from Friday’s close, owing to Monday’s Bank Holiday) and then extend another 43 to a 91.89 peak.
Saudi Aramco mandates USD 5, 10 and 30yr benchmarks, according to IFR. IPTs (vs USTs): 5yr +115bps, 10yr +130bps, 30yr +18bps.
Italy sells EUR 2.75bln vs exp. 2.5-2.75bln 2.55% 2027 BTP Short Term & EUR 2.0bln vs exp. EUR 1.5-2bln 1.80% 2036 & 1.25% 2032 BTPei
Crude price action has been uneventful and choppy within recent ranges in the run-up to the OPEC event on May 31st. WTI currently resides in a USD 61.08-62.14/bbl intraday range with its Brent counterpart in USD 64.36-64.98/bbl confines.
Precious metals are posting losses in European hours, with early pressure seen as Shanghai commodities trade got underway, particularly for the yellow metal, amid several factors including 1) USD strength, caused in part (in more recent trade) by EUR losses after softer French Prelim CPI, 2) Unwinding of some risk premium as UK and US traders react to US delaying the EU tariffs, 3) technical factors with the yellow metal dipping under overnight support (USD 3,325/oz), yesterday’s low (3,323.50/oz) and eventually, but briefly, the USD 3,300/oz.
Base metals are subdued, and are sidelining the positive sentiment across equities, with the LME back up and running after the long weekend, whilst prices are pressured by the strengthening USD, irrespective of the constructive US-EU trade news from over the weekend. 3M LME copper remains above USD 9,500/t with a current intraday parameter between USD 9,561.95-9,640.00/t.
The meeting of eight OPEC+ countries was brought forward to May 31st from June 1st, according to Reuters sources.
Russian Deputy PM Novak said nothing has been discussed yet in response to a question about whether OPEC+ has discussed an oil output increase by another 411k bpd from July, and stated that OPEC+ will discuss the current market conditions and forecast, as well as make some adjustments if needed. Furthermore, Novak said the possible G7/EU tightening of Russia’s oil price cap is not acceptable and stated that price caps have not affected Russia’s oil exports, according to RIA.
Ecuador’s biggest oil refinery experienced a fire and halted operations as a precaution following the fire.
Petrobras (PBR) CEO said if oil prices drop further, they will cut diesel, gasoline, and jet fuel prices, while he added that fuel prices are at a ‘comfortable level’ and that gasoline and diesel prices are below parity at the moment.
China Steel Association said China is working to control steel capacity to resolve the mismatch between supply and demand.
Ukraine has approved the gas transportation mechanism via the Transbalkan pipeline from Greece, awaiting approval from other corresponding nations.
UK government will spend a record GBP 3bln to boost training opportunities as part of a broader strategy to train locals to fill gaps in the labour market and reduce reliance on migrant workers.
UK Chancellor Reeves is “being forced towards” a tax raid of up to GBP 30bln by benefit giveaways and her struggle with increasing borrowing costs, according to The Telegraph, citing the NIESR.
UK government is shifting to shorter term borrowing to lower its interest bill as a global debt sell-off adds to the pressure on its tax and spending plans, according to FT.
ECB’s Villeroy says interest rate normalisation within the EZ is probably incomplete.
German Chamber of Commerce (DIHK) expects inflation at 2.1% in 2025 (vs 2.2% in 2024); German economy expected to contract by 0.3% in 2025 (vs prev. forecast of -0.5%); exports are expected to decline by 2.5% in 2025.
French PM Bayrou says will unveil budget-cutting proposals in early July, according to BFM TV.
EU Ministers approve the EUR 150bln Euro arms fund to give loans for defence projects, says Polish European Affairs Minister.
NOTABLE US HEADLINES
Fed’s Kashkari (2026 voter) says there is a healthy debate amongst FOMC member over whether to “look through” the inflationary impact of new tariffs. Personally finds arguments against looking through tariff-induced inflation more compelling. These arguments support the Fed’s stance of keeping rates on hold until there is more clarity on the path for tariffs and their effects.
GEOPOLITICS
MIDDLE EAST
Israeli PM Netanyahu said on Monday regarding hostage deal negotiations that he hopes they will have news regarding the hostages today or tomorrow.
RUSSIA-UKRAINE
Russia’s Kremlin says work on Russia-US POW swap continues; on reports of possible US sanctions, says it is aimed at wrecking Ukraine peace talks. Ukrainian attacks on Russia do not facilitate peace process.
US President Trump is said to be eyeing sanctions against Moscow this week as he grows frustrated by Russian President Putin’s continued attacks on Ukraine and the slow pace of peace talks, according to people familiar with Trump’s thinking cited by WSJ.
Western allies of Ukraine, including the UK and US have agreed to lift all range restrictions on weapons in Ukraine, according to The Times.
Ukrainian President Zelensky said Russian mass attacks are Russian President Putin’s political choice and that Putin is playing with diplomacy, while he added that more pressure and sanctions must be applied on Russia.
Authorities in Ukraine’s Sumy region said Russian forces captured several villages in the region.
OTHER
Guangzhou public security authorities said a technology company in China’s Guangzhou was attacked by a foreign hacker organisation and the initial investigation found that the cyberattack was by a hacker organisation ‘supported by’ Taiwan’s DPP authorities.
CRYPTO
Bitcoin is essentially flat and trading just shy of USD 110k; Ethereum moves a little higher and sits just above USD 2.6k.
Trump Media & Technology (DJT) plans to raise USD 3bln to spend on cryptocurrencies, according to FT.
APAC TRADE
APAC stocks traded mixed with price action relatively rangebound amid a lack of major fresh catalysts and in the absence of a lead from Wall St owing to Memorial Day.
ASX 200 edged marginally higher as strength in tech, energy and financials atoned for the underperformance in the mining and resources sectors.
Nikkei 225 was subdued amid a firmer currency and after BoJ Governor Ueda reiterated the central bank’s policy normalisation rhetoric, although the downside was stemmed following a lack of deviation in Services PPI data, which matched the prior reading, and as long-end JGB yields declined.
Hang Seng and Shanghai Comp were lacklustre with price action in Hong Kong choppy and with the mainland constrained as focus turned to earnings releases and despite a slight acceleration in Chinese Industrial Profits, while a firm PBoC liquidity operation also failed to inspire.
NOTABLE ASIA-PAC HEADLINES
Chinese Premier Li said China and Cambodia are to jointly respond to external uncertainties, according to Xinhua.
China’s Mofcom summoned industry associations and automakers such as BYD (1211 HK) and Dongfeng Motor (489 HK) to a meeting on Tuesday afternoon and intends to discuss matters including the emergence of used cars on the market that have never been driven.
BoJ Governor Ueda said while many of his G7 colleagues looked relieved by the progress made in the fight against inflation, they also acknowledged new challenges such as heightened trade policy uncertainty and dealing with more frequent supply side shocks, while he added they are still grappling in Japan with the challenge of achieving the 2% inflation target in a sustainable manner and are now closer to the inflation target than any time during the last few decades, but are not quite there. Furthermore, he said to an extent, incoming data allows them to gain more confidence in their baseline scenario, and as economic activity and prices improve, they will adjust the degree of monetary easing as needed to ensure achievement of sustainable 2% inflation target.
Japan Ministry of Finance will consider tweaking the composition of its bond issuance plan that could involve trimming issuance of super long debt, according to sources cited by Reuters.
bond yields skyrocket and there is no bid for duration long Japanese bonds
(zerohedge)
Japan’s Largest Life Insurers Suffer Staggering Losses After Bond Market Implodes
Tuesday, May 27, 2025 – 02:35 AM
One week ago, we pointed out the startling development that at a time when all eyes were on US Treasuries, it was in fact the Japanese bond market – and especially the long-end – that was collapsing after a dismal 20Y auction priced with not only the worst bid to cover since 2012 but also the biggest tail since 1987, sending 30Y and 40Y yields – those not subject to the BOJ’s Yield Curve Control – to record levels.
Shortly thereafter we provided a detailed explanation for just why the market was finally revolting. According to Goldman’s Japan trading desk, the bond buyer strike revolved around three core issues:
Lack of Demand from Life Insurance Companies: Their duration gap is already in negative territory, and sustained demand can hardly be expected. In particular, the 40y sector faces structural challenges due to the liability discount curve under new solvency rule, meaning there are inherently few natural buyers. Furthermore, past buyers have turned into net sellers of JGBs, making the supply-demand outlook extremely negative.
Fiscal Concerns: With the Upper House election approaching and nearly all opposition parties calling for a consumption tax cut, a major defeat for the ruling LDP could significantly heighten concerns over Japan’s fiscal outlook. If events were to trigger a downgrade of JGBs, demand for the back end would likely deteriorate even further.
Impact of Asset-Intensive Reinsurance: After October 2023, a series of large block reinsurance transactions were announced. In this business model, reinsurance companies take over assets and liabilities from Japanese life insurers and replace the assets with higher-yielding products to earn a spread. JGBs are often sold in the course of these transactions, which is likely to have a negative impact on the supply-demand balance in the back end. (the impact can be seen more clearly in swap spread chart)
Of the above, #1 was by far the biggest driver for the plunge in the JGB long-end, and as shown in the chart below, it is unlikely that lifer demand would re-emerge any time soon since as the duration gap was already in negative territory in last year. (-1.5 years as of Sep24’).
… and it has only gotten worse since then, with the lifers’ monthly net purchases of long-end JGBs turning the most negative on record – that’s right, they are dumping paper at the fastest pace ever seen.
Continued selling across the Japanese long-end means an exponential pilling up of paper losses among JGB holders (similar to what brought down the largest California banks in March 2023 during the unhedged rate blow out in the US), which is why we said last week that in our opinion “there was no way Japan’s banking sector is remotely solvent at this moment.“
There is no way Japan’s banking sector is remotely solvent at this moment. https://t.co/QLWhAaVnao
Of course, the admission of a bond crisis in the one country where the central bank owns 52% of the bond market…
… would be tantamount to monetary suicide, which is why any news of financial stress in Japan would trickle out in dribs and drabs as the BOJ scrambled to contain the full extent of the fallout from the unprecedented plunge in high duration exposure.
Which brings us to what may be the biggest under-the-radar news of the weekend: one week after we warned that Japan was facing a potentially dire financial crisis, Bloomberg today writes that four of Japan’s biggest life insurers reported about $60 billion of combined unrealized losses on their domestic bond holdings for the latest fiscal year, underscoring the staggering risks they face as interest rates climb.
And this excludes the latest episode where bond prices went declining gradually to plunging instantly, and piling on even more staggering losses on Japan’s lifers.
On Monday, Meiji Yasuda Life Insurance said that paper losses on its domestic bond holdings increased more than eightfold to about ¥1.386 trillion ($9.7 billion) at the end of March compared with ¥161.4 billion a year earlier. Its smaller peer, Sumitomo Life Insurance said unrealized bond losses more than tripled to ¥1.518 trillion.
Combined with equivalent figures announced earlier from Dai-ichi Life Holdings and Nippon Life Insurance, the biggest firm in the Japanese sector and the world’s sixth-largest life insuracen company, the paper losses come to about ¥8.5 trillion. That’s around four times the total a year earlier.
Sensing the potential of cascading liquidations once the market realizes just how bad Japan’s situation truly is, S&P did what it always does when times get tough – it pulled a “2008”, taking one for the team, pretending all is well even if it meant once again crushing what little credibility it has left.
According to Toshihiro Matsuo, a director at S&P Global Ratings, Meiji Yasuda’s unrealized bond losses are neutral to its credit quality. “It holds ample unrealized gains on listed equity, which will be able to absorb realizing bond losses if necessary,” he said, while desperately trying to not to laugh at the sheer idiocy coming out of his mouth
Perhaps having gotten its marching orders, Bloomberg also joined the vocal defense, writing that “unrealized bond losses don’t necessarily lead to actual selloffs because insurers tend to hold notes until they mature.” Which, of course, is total bullshit: just ask any of the countless banks that blew up in March 2023 when their “unrealized” bond losses led to bank failures in a matter of days, and in the case of SVB, hours.
Bloomberg did correctly note that under a new rule, higher interest rates push down the value of both assets and liabilities and don’t affect a regulatory gauge of fiscal soundness. Which would be accurate… if only the lifer duration gap was not already at record lows (as noted above, and as shown again below), and no matter what regulators say or do, at this point in the JGB selloff, the asset-liability mismatch is an absolutely catastrophic one.
Life insurers are especially sensitive to the collapse in Japan’s long end as they are traditionally the biggest investor in super-long debt (beside the JGB of course, without which the Japanese bond market would not exist) because they need assets to match their liabilities from insurance policies spanning decades. An especially steep selloff in Japan’s longest bonds pummeled the companies, as investors grew concerned about falling demand for the debt at a time when the central bank is scaling back huge bond purchases.
It’s not just Japan: across Asia, life insurers are facing billions of dollars in paper losses from the latest market rout. But Japanese insurers also face risks from a central bank that’s looking for opportunities to raise interest rates further, in its attempt to contain surging inflation (mostly for rice, more on the later), forcing Ueda to pick between a bank and bond market crisis, or hyperinflation and currency collapse.
Does BOJ immediately go back to NIRP and YCC to save its bond market (and spark inflation and currency collapse), or does it do nothing, and watch as plunging bond prices triggers a cascade of local bank failures https://t.co/m3GvTG74Es
In hopes of delaying the inevitable collapse, a full-throated defense of the unsustainable status quo has begun: in a news conference, Kenichiro Kitamura, operating officer and general manager at Meiji Yasuda’s investment planning and research department, a firm that will be among the first to keel over and die once the market starts to unleash hell on all those exposed to plunging JGBs, said that there’s still “some distance” until unrealized losses increase so much that writedowns on the value of bonds are needed, said at a news conference. He doesn’t expect the surge in super-long Japanese yields to continue… which is something he would obviously say as the alternative means he will be out of a job in days.
Other conflicted “experts” echoed this sentiment: Sumitomo Life’s managing executive officer Nobuji Takao also said the chance of super-long bond yields rising further isn’t high considering how much they’ve gone up already. While the firm’s unrealized bond losses have increased, it buys bonds on the assumption they will be held to maturity, so “we’re not that concerned about it,” he said in a news conference, which is a massive lie as there is nothing which management is more concerned about that the surge in yields.
Last week, Nippon Life’s executive officer Akira Tsuzuki said: “Just because unrealized losses are growing, that doesn’t mean something terrible will happen all of a sudden.”
Actually, yes it does…
… and even Bloomberg admitted as much, writing that “if bonds resume falling, insurers may need to unload some of their holdings even if the declines haven’t reached levels where writedowns need to be considered.”
Nippon Life’s debt portfolio is made up almost entirely of long-duration Japanese government bonds, largely with maturities of 30 years, which have come under intense selling pressure recently as yields soared to record highs. Actual losses on the sale of mainly Japanese government bonds last fiscal year totaled about ¥500 billion, Nippon Life said, hoping it won’t have to realize trillions more in paper losses.
Because once insurers go from “paper” to “realized”, and have to unload more of their holdings, the selling will go from trickle, to flood (which is where we were last week), to the supernova collapse of the world’s second largest bond market.
The insurers may need to sell bonds, Bloomberg adds, if rising interest rates prompt investors to cancel insurance policies to put their cash in assets with better returns. And the companies might also sell lower-yielding debt to park their funds in bonds with higher coupons.
In other words, the BOJ is damned if it does (hike rates) and leads to forced liquidations among lifers, and damned if it doesn’t (hike rates), and sparks a collapse in the yen and soaring inflation.
As for the insurers, if it walks like a bank run, talks like a bank run, and and quacks like a bank run… it’s probably a bank run, even if there is no actual bank involved and the financial entity long to the gills with the worthless Japanese paper is a life insurer. Because at the end of the day, the only thing that matters is the asset-liability mismatch, and in Japan it has never been worse than it is right now.
END
SPECIAL THANKSD TO G. FOR SENDING THIS TO US;
The Japanese bond market is breaking with new highs in yield or relative highs in the 20y, 30y, 40y, JGBs. Gold?
The Japanese government bond market is in trouble The return of the bond vigilantes . . . in Japan?
Ajay Rajadhyaksha is global chair of research at Barclays. The Japanese government bond market was already having a bit of a springtime nightmare, but a poor auction of 20-year debt earlier this week has sent long-end yields soaring to their highest levels ever.
Here’s a long-term chart of the 30-year Japanese bond yield. As you can see, there’s been an almost parabolic rise in long-term interest rates, with seemingly no end in sight. The 40-year Japanese bond now yields nearly 3.7 per cent, up a full percentage point just since the beginning of April. That hurts.
If the duration of the bond is, say, 20 years, investors have lost almost 20 per cent in just a few weeks. In a high grade government bond. That sort of thing just isn’t supposed to happen in the developed markets; bonds are supposed to be the safe asset class. The internals of the Japanese bond market look even more worrying. The 40-year is a “benchmark” bond — a frequently-quoted part of the bond curve. Spare a thought instead for the 35-year old JGB, the 40-year bond issued a few years ago. It now yields over 4.6 per cent — almost 1 per cent more than the “on-the-run” 40-year JGB!
The Japanese yield curve is upward sloping — in fact, the steepest yield curve in the developed world. That means longer maturity bonds should have higher yields. And yet, the 35-year JGB now yields over 100 bps more than the 40-year one, simply because it is less liquid and “off-the-run”. That kind of glitchy pricing is pretty stark evidence of the evaporating demand for longer-term Japanese debt.
Japan’s fiscal problems are well known, of course. The country has had a massive debt burden for many years. Its credit rating is three notches below the US even after the recent US downgrade. Prime minister Shigeru Ishiba called Japan’s fiscal position “worse than Greece’s” — presumably referring to the Greece of the European sovereign debt crisis (Greece is in OK shape right now). None of this is new.
But several things have changed recently. First is inflation. Headline CPI in Japan is now 3.6 per cent, and has been above 2 per cent for over three years. That means that a 30-year bond yield at 3.15 per cent is still below inflation, or negative in real terms. Second, Japanese insurers have virtually stopped purchasing very long-term bonds, to satisfy new economic solvency ratios introduced recently. Third, long-term fiscal concerns are rising. The US is pressuring Japan to spend 3 per cent of GDP on defence (from the current 1.6 per cent). The ruling coalition is considering a supplementary budget, while the opposition is pushing for a consumption tax cut. No one seems to be talking about less spending and raising more tax revenues.
Perhaps the most important change is from the Bank of Japan. The central bank still owns a staggering 50 per cent-plus of the Japanese government bond market. But with deflation now in the rear view, the BoJ has started quantitative tightening — allowing its existing bond holdings to slowly hit the market. And as this one massive buyer has become a net seller, Japanese bond yields are normalising — aka rising. So . . . what breaks this downtrend? For one thing, the BoJ could jack up interest rates quicker. But at its last meeting the central bank surprised markets by being more dovish than expected, and the next one is in mid-June, over three weeks away. Japanese policymakers are not predisposed to intra-meeting moves. Doing so might actually panic markets. The Ministry of Finance could reduce issuance of longer bonds, and increase the issuance of shorter bonds to ease pressure on longer rates. But the MoF did exactly that in April, without any success, and is also loath to take unscheduled action.
Which brings us to why US investors really should care about the JGB move. Duration is fungible across developed economies. If investors see JGBs or gilt yields rise sharply, they rush to sell duration in similar bond markets. What happens in Japan doesn’t stay in Japan. And then there’s the risk that large allocators might start to change their ways. A portfolio manager sitting in Tokyo could ask himself “For decades, the BoJ kept bond yields depressed, which forced me to buy foreign bonds. But now JGB yields are finally at attractive levels as the BoJ backs off. Why am I still taking the currency risk in Treasuries when all my liabilities are in Yen? Maybe I should just buy JGBs. It’s time to come home!!” Global bond markets are clearly paying attention.
US Treasuries shrugged off the Moody’s downgrade, but since Tuesday the 30-year US Treasury yield has risen almost 20bp — the highest level since the 2008 crisis — to well over 5 per cent after dismal auction yesterday. As a result, US mortgage rates are back above 7 per cent. There has been no data to speak of, and the tax bill that just passed the House contained no new surprises for the market.
The main driver of the US bond move seems to be what is happening 7,000 miles away in Tokyo. In fact, the long end of pretty much every major bond market is getting caned in a broad-based duration crash. Japan bulls will point out that the last few weeks are not a repudiation of Japan Inc — and they’re right. No one is fleeing the yen, and the Nikkei is still up for the year in dollar terms. The economic impact is limited by the fact that most Japanese debt — mortgages, corporate debt, etc — is issued in shorter bonds. But . . . Japanese policymakers are now at serious risk of losing control of the long end of the Japanese yield curve, absent imminent and forceful intervention. And if that happens, it’s bad news for everyone.
The manufacturer of the replicon mRNA Covid “vaccine” in Japan, Meiji Seika Pharma, has brought a lawsuit against a member of the Japanese parliament, Kazuhiro Haraguchi. Haraguchi had commented that the Covid injections are “akin to a biological weapon,” a statement which the Meiji Pharma president claimed was beyond the bounds of acceptable expression.
However, statements like Haraguchi’s about the dangers of the Covid mRNA injections are now commonplace in many nations, and drug companies do not seem to be suing people for making them, at least in the US. Instead, state attorneys general in Kansas and Texas have been suing Pfizer for misrepresenting its Covid injections.
In general, Japan has been gradually evolving into a place where it is difficult to publicly express ideas unapproved by powerful business interests and officialdom. In addition to government and mainstream news media collusion to keep Covid medical realities from the Japanese public, the government passed a law to squelch nonconforming messaging online.
The intentions behind this measure are clear: Prominent government figures have openly declared their conviction that “misinformation” is a major problem in Japan. In December 2024, Prime Minister Ishiba stated that he was considering more regulations concerning Internet discourse that he considers problematic, and a prominent LDP (Liberal Democratic Party) politician named Noda commented recently that Japan was being influenced more and more by “fake” information.
In May 2024, Japan’s parliament passed a law to enable the quick elimination of defamatory posts from social media platforms like Facebook and X. By this law, such platforms would have to make explicit sites for taking requests to delete posts and also make clear their criteria for taking down posts. The new law went into effect on April 1, 2025.
Unsurprisingly, some Japanese YouTube vloggers are expressing concerns that, under the new set of regulations, their vlogs may soon be targeted as purveyors of “misinformation,” especially when they criticize government policy.
Only online media platforms are targeted in this development, even though Japanese print communications and TV programs have also often been guilty of spreading harmful disinformation. Ironically, in many instances, this is not because they are unregulated but precisely because they are under the thumb of government agencies.
For example, the Japanese National Police Agency has deliberately leaked information about people under investigation in order to pressure them into confessing to crimes. Since the Japanese public often naively believes that suspicion equals guilt, this tactic results in terrible consequences for the unjustly accused.
In 1996, after an unsuccessful attempt by the Aum Shinrikyo cult to assassinate three Japanese judges, police leaked to news media outlets some details of their investigation of Yoshiyuki Kono, an innocent man whose family was also severely injured in the attack.
Kono’s experience of being hounded by both the authorities and the mainstream news media mirrors that of Richard Jewell, the heroic security guard who became a suspect after the 1996 Atlanta Olympics bombing. The FBI deliberately leaked details of their investigation to American mainstream news outlets, which proceeded to harass and condemn Jewell along with the investigating FBI agents, though the case eventually unraveled.
Even before the social media platform law, Japanese news media outlets were effectively controlled by the government. As a result, Japan was ranked lowest among all Group of Seven nations for freedom of the press in the World Press Freedom Index. Japan’s overall ranking dropped from 68th to 70th after the 2024 social media law was passed.
The reasons for this are the press club system and the self-censorship of most Japanese reporters. Each government ministry has a press club consisting of representatives from prominent news media outlets, and they receive official briefings from government officials. However, these members of the press can be banned from these briefings if they do anything that reflects badly on the government.
Therefore, at such meetings, there is “no atmosphere that encourages deliberation of important issues because reporters know that if they ask difficult questions they can be punished,” in one Japanese reporter’s words. For instance, reporters at press briefings were afraid to ask questions about unclear statements to Chief Cabinet Secretary Suga, who sometimes harshly responded, “That question is beside the point!”
These developments are especially ominous in light of the fact that Japan already has a tainted history in regard to suppressing freedom of information and expression. In 1925, the Japanese government passed the Peace Preservation Law, which criminalized the expression of unapproved ideas.
In the years that followed, totalitarian control rapidly replaced democratic government and unrestricted public debate. This culminated in a war that brought great horrors to Japan and other nations. Freedom of expression is a matter much more significant than words.
3C CHINA
UK/ISRAEL
4..EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
British Airways Extends Suspension Of Israel Flights As More Houthi Missiles Target Airpor
Saturday, May 24, 2025 – 07:35 AM
Another ballistic missile fired from Yemen has targeted Israel’s Ben Gurion Airport in central Israel on Friday, in reportedly the third such attack on Israel within 24 hours.
Houthi military spokesperson Yahya Saree announced the fresh attack in a televised statement, saying “The Houthi forces targeted Ben Gurion Airport with a hypersonic ballistic missile” and that the attack “successfully achieved its goal.”
While the Houthis have repeatedly claimed “hypersonic” missile attacks over several weeks, there’s as yet no evidence that they possess this advanced technology. Still, it has become clear that Israel’s advanced air defense systems at time have trouble intercepting the inbound projectiles, as a May 4th attack demonstrated.
The Houthis spokesman claimed of this new Friday attack that it caused “millions of Zionist settlers to flee to shelters and halted airport operations.”
The Israel Defense Forces (IDF) acknowledged an inbound missile, which set off warning sirens in central Israel, but did not indicate any ground strikes or damage:
Early on Friday morning, sirens blared across Tel Aviv as a result of the Yemeni missile. The Israeli army said in a statement that it intercepted the missile.
A Yemeni missile was also intercepted by Israeli air defenses on Thursday afternoon, following an earlier missile attack, which Tel Aviv also said it intercepted.
The Houthis have been stepping up attacks on Israel in recent weeks, and after a few major waves of Israeli strikes on Yemen, which destroyed the international airport in Sanaa.
While such Israeli retaliation has clearly caused much damage and death inside Yemen, the constant Houthi fire is also impacting Israel – at least on an economic and logistical level.
Times of Israel reports Friday on more foreign carriers suspending operations at Israeli airports:
British Airways joins the growing list of companies extending their cancellation of flights to and from Israel following the Houthi missile strike near Ben Gurion Airport at the beginning of the month.
Hebrew media reports that British Airways has extended its suspension until the end of July.
Below is a montage of images from the May 4th ballistic missile strike on Ben Gurion Airport:
The fact that the US military is drawing down its Red Sea anti-Houthi operations, after the Trump-proclaimed ceasefire earlier this month, appears to have freed up the Houthis’ ability to focus more firepower directly on Israel.
Last Friday the Israeli government announced an expansion of Gaza operations – so these missile attacks out of Yemen will likely only grow. The Houthis have further said they have added Haifa port to its target bank.
END
GERMANY
that was fast
(Brooke/Remix)
1 In 4 People In Germany Now Has Migrant Background, Data Shows
Germany’s migrant population is surging, with new data from the Federal Statistical Office (Destatis) revealing that more than one in four people now living in the country has a migration background.
In 2024, the number of residents with an immigration background rose by 4 percent, or 873,000 people, compared to the previous year, reaching a record 21.2 million. This represents 25.6 percent of the total population, up from 24.7 percent in 2023.
The term “migration background” includes both those who have immigrated themselves (first-generation migrants) and those born in Germany to two immigrant parents (second-generation). Nearly 16.1 million people — 19.4 percent of the population — were immigrants themselves, while an additional 5.2 million, or 6.3 percent, were born in Germany to two foreign-born parents.
In contrast, the native-born population without any migration history fell by 1 percent (734,000 people) to 57.4 million, now comprising 69.3 percent of the country.
The youth of Germany’s migrant population stands out. Among people aged 20 to 39, more than one in three (34 percent) had a migration background in 2024. Among those over 65, that figure drops to 14 percent. The average age of someone with a migration background is 38.2 years, nearly a decade younger than those without one, who average 47.4 years. Those with only one immigrant parent had the youngest average age of all groups at 25.1.
Migration since 2015 has played a major role in these shifts, with nearly 6.5 million people living in Germany in 2024 immigrating after 2015.
Between 2015 and 2021, the largest groups came from Syria (716,000), Romania (300,000), and Poland (230,000). From 2022 to 2024, Ukraine dominated the figures, with 843,000 arrivals, followed by Syria (124,000) and Turkey (112,000).
The main reasons cited for migrating to Germany since 2015 were to seek asylum (31 percent), employment (23 percent), and family reunification (21 percent). Among women, family reunification was especially significant, cited by 26 percent alongside 30 percent who cited flight. Among men, 32 percent cited flight and 28 percent employment.
The new figures confirm that Germany’s migrant population is growing rapidly, leading to demographic pressures and concerns over integration.
Furthermore, the common claim among left-wing politicians that migration is fuelling Germany’s workforce does not stand up to scrutiny, with fewer than a quarter of newcomers citing employment as their reason for the move.
Trump delays the 50% tariffs on the EU until July 9
(zerohedge)
Trump Delays 50 Percent Tariff On EU Goods To July 9
Sunday, May 25, 2025 – 08:25 PM
President Donald Trump announced just after 6pm on Sunday that the US will delay the implementation of a 50% tariff on European Union products to July 9 from June 1. Sunday’s decision to extend the tariff deadline was made after a phone call with European Commission President Ursula von der Leyen earlier in the day, and comes after Trump unexpectedly threatened duties of 50% on the EU on Friday morning. The move surprised European officials who thought they were making progress with his administration on talks to avert the 20% “reciprocal” tariffs Trump announced in April, and then paused for 90 days.
“I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union,” Trump wrote on Truth Social.
“I agreed to the extension—July 9, 2025—It was my privilege to do so. The Commission President said that talks will begin rapidly.”
Trump’s statement followed a post from von der Leyen on the social media platform X, in which she described her conversation with Trump as a “good call.”
The EU and US share the world’s most consequential and close trade relationship.
Europe is ready to advance talks swiftly and decisively.
To reach a good deal, we would need the time until July 9.
— Ursula von der Leyen (@vonderleyen) May 25, 2025
“The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9,” she wrote.
Trump initially said on May 23 that the United States will impose a 50 percent tariff on the European Union starting June 1 after the president wrote on Truth Social that he felt talks with the EU were “going nowhere,” and cited a litany of his trade irritants, from the EU’s value-added taxes to fines and regulations on U.S. companies. The sides also have yet to agree on how to align their trade policies on China, though the EU has privately indicated it is willing to work with the U.S. to combat Beijing’s subsidies for key industries such as steel according to the WSJ.
Trump has long maligned the EU, which he says was formed to take advantage of the US, and decried the U.S.’s persistent trade deficit with the continent. The EU, meanwhile, has said it wouldn’t negotiate over certain Trump demands, such as value-added taxes. And some European ministers have made clear that they wouldn’t accept a deal that keeps Trump’s 10% baseline tariff in place—a concession the U.K. made in a pact signed early this month.
Trump’s statement on Sunday reverts the negotiations back to where they were before his Friday missive, giving the sides just over a month to come to an agreement.
The United States and EU share the largest bilateral economic relationship in the world. Yet, U.S. goods and services face persistent tariff and non-tariff barriers in the EU market, according to the latest Foreign Trade Barriers report issued by U.S. Trade Representative (USTR).
Although the EU’s average Most Favored Nation tariff rate stands at a relatively low 5 percent, certain goods face disproportionately high levies, such as fish and seafood (up to 26 percent), trucks (22 percent), bicycles (14 percent), passenger vehicles (10 percent), and fertilizers and plastics (6.5 percent).
Many processed foods such as confectionary products and baked goods also face complex and burdensome tariffs under the EU’s Meursing Table system, which calculates duties based on product composition.
Under this system, the EU charges a tariff on each imported good based on the products’ content of milk fat, milk protein, starch, and sugar. This system not only increases administrative burden but also creates uncertainty for U.S. food exporters, according to the USTR.
In addition, the EU does not administer its laws through a single customs administration, which presents another layer of complexity for U.S. exporters. Each EU member state enforces customs law independently, resulting in different interpretations and enforcement throughout the bloc.
The EU’s technical barriers to trade also remain a sticking point. For example, Europe’s adoption of regional standards for safety, quality, environmental protection, labeling, and packaging impede market access for U.S. products even if they meet international standards, according to the USTR.
end
GERMANY RUSSIA
germany is crazy!!!
WWIII Watch: Germany’s Merz Greenlights Ukraine To Strike Russia With German Weapons
German Chancellor Friedrich Merz has now authorized the use of German missiles for strikes against Russian territory, in a move that signals a dramatic escalation against Moscow.
He also signaled that this will not only apply to German weapons, but also other weapons systems from countries like France and the United States.
Posting to X, Merz wrote: “We will do everything in our power to continue supporting Ukraine. This also means no longer having any range restrictions on the weapons we supply. Ukraine can now also defend itself by attacking military positions in Russia.”
Wir werden alles tun, was in unseren Kräften steht, um die Ukraine weiter zu unterstützen. Das bedeutet auch keinerlei Reichweitenbeschränkungen mehr für Waffen, die wir liefern. Die Ukraine kann sich jetzt auch verteidigen, indem sie militärische Stellungen in Russland angreift.
— Bundeskanzler Friedrich Merz (@bundeskanzler) May 26, 2025
Previously, Kyiv was permitted to use these weapons only against Russian forces in occupied Ukrainian territories.
Speaking at the “WDR Europaforum 2025” at the re:publica digital conference in Berlin, Merz stated, “There are no longer any range restrictions for weapons that have been delivered to Ukraine, neither by the British, nor by the French, nor by us, nor by the Americans.”
Two years ago, Remix News ran a video from Hungarian Prime Minister Viktor Orbán, outlining how the conflict started with countries sending helmets and then tanks to illustrate how deeply the West was involving itself in the war.
The conflict appears to only be escalating more and more since Orbán issued his warning.
As the war has progressed, nations like Great Britain and France supplied advanced weapons systems, including Storm Shadow and Scalp cruise missiles. Germany has been debating the delivery of its Taurus cruise missiles, which have a 500-kilometer range, a move Moscow has warned would make Germany a direct party to the conflict.
Merz did not explicitly mention Taurus missiles in his statement, but his predecessor, Olaf Scholz, refused to provide Ukraine with such weapons, fearing a sharp escalation of the war.
This policy change comes against a backdrop of continued Russian attacks on Ukrainian cities and stalled peace efforts. While Merz emphasized that Ukraine does not target civilian areas — and should maintain that distinction — he stressed that a country unable to retaliate within the aggressor’s territory cannot adequately defend itself.
However, it appears that Western countries are already actively targeting Russian forces. Reports from November indicated that Ukraine had already used long-range ATACMS missiles from the U.S. and British Storm Shadow cruise missiles against military targets in Russia.
Merz also cautioned that the West must prepare for a prolonged war, even as diplomatic channels remain open. He suggested that Russian President Vladimir Putin views Western offers of dialogue as a sign of weakness, asserting that “Nobody can now seriously blame us for not having exhausted all the diplomatic means that exist.”
At the same time, President Donald Trump has reportedly become increasingly disillusioned with Putin following Russia’s recent attacks on Ukraine. Trump recently launched an unusually sharp criticism of Putin on his Truth Social platform, describing the Kremlin chief as “absolutely crazy.”
Palestinian trucks loaded with humanitarian aid cross into Gaza through the Kerem Shalom crossing, February 17, 2025(photo credit: ABED RAHIM KHATIB/FLASH90)
Five aid trucks in the Gaza Strip were taken over by looters on Saturday, Israeli media reported.
The stolen goods were sold to Gazans at inflated prices in areas such as Deir el-Balah and the Nuseirat refugee camp.
The humanitarian aid trucks that entered Gaza contained flour, sugar, and sesame seeds. Flour was sold by the looters for NIS 40 per kilo, Israeli media noted.
Additionally, 15 World Food Program trucks were looted overnight in the Strip that were carrying humanitarian aid, The Washington Post reported on Friday.
Also on Friday, hundreds of Gazans crowded next to a bakery in central Gaza’s Nuseirat camp, attempting to access bread after limited quantities of flour arrived in recent aid distributions, according to social media posts.
Humanitarian aid with the logo of World Central Kitchen (WCK) arrives from the Israeli side of the Kerem Shalom border crossing to Gaza last year. The urgent call for aid can only be understood in light of what humanitarian aid means to Hamas, the writer argues. (credit: EVELYN HOCKSTEIN/REUTERS)
Footage on X/Twitter showed frantic pushing and shoving as the individuals in the crowd tried to catch plastic bags full of bread that were thrown over a wall or handed through a small hatch.
100 humanitarian trucks started going in on Wednesday
A hundred trucks carrying humanitarian aid from the UN and the international community, including flour, baby food, and medical equipment, were transferred on Wednesday through the Kerem Shalom crossing into Gaza after Israel lifted an 11-week blockade and began allowing limited deliveries into the enclave via the crossing.
The IDF cleared more than 120 trucks carrying food aid for distribution in Gaza in the past week, but there is an ongoing debate regarding how much of it is getting to Gazan civilians.
Ninety trucks that were carrying flour, baby food, and nutritional supplements entered the Strip on Wednesday, making it the first aid to enter in 80 days, with an additional 107 trucks entering on Thursday.
END
ISRAEL HAMAS
US asks Israel to delay major ground invasion of Gaza amid hostage deal talks – exclusive
Gov’t officials have said that once the full-scale ground op. begins, Israel will not withdraw from areas it has entered, even as part of a deal.
By AMICHAI STEINMAY 25, 2025 12:06Updated: MAY 25, 2025 13:
IDF troops operate in northern Gaza, May 25, 2025.(photo credit: IDF SPOKESPERSON’S UNIT)
The United States has asked Israel in recent days to delay its full-scale military operation in Gaza as part of efforts to exhaust negotiations for a hostage deal, two sources familiar with the matter told The Jerusalem Post on Sunday.
The request included two key components: Delay the full-scale operation in Gaza and enable ongoing negotiations to proceed in parallel with the military operation.
While Israel is currently conducting significant operations in Gaza, officials in Jerusalem have made it clear that once the full-scale ground operation begins, Israel will not withdraw from areas it enters, even as part of a potential deal. Moreover, the possibility of a ceasefire as part of any agreement would become more complicated.
“Once the maneuver begins, we will act with full force and will not stop until all objectives are achieved,” Defense Minister Israel Katz said several days ago.
IDF military vehicle operates in northern Gaza, May 25, 2025. (credit: IDF SPOKESPERSON’S UNIT)
Netanyahu is prepared for a temporary ceasefire to bring back hostages
Despite the ongoing military activity and as a result of Israeli statements, the US has asked Israel to allow the current negotiations for a potential hostage deal to continue. “If there’s an opportunity for a temporary ceasefire to bring back hostages, we are prepared for that,” Prime Minister Benjamin Netanyahu said last Wednesday.
Israel decided to recall its delegation from Qatar last Thursday after Hamas insisted on American guarantees to end the war as part of any agreement.
Israeli officials maintain that the only deal currently on the table is the “Witkoff framework,” which includes the release of 10 hostages and a 60-day ceasefire. An Israeli source told the Post a few days ago, “It’s deadlocked.”
Although the Israeli delegation has left Qatar, the US administration continues indirect talks with Hamas through Dr. Bashara Bahbah, who previously led the “Arab Americans for Trump” campaign.
end
ISRAEL VS Houthis
IDF intercepts Houthi missile from Yemen after sirens sound in Jerusalem
Houthi military spokesperson Yahya Saree said the group was responsible for Sunday’s attack, adding that it fired a missile toward the Ben-Gurion Airport.
Shrapnel of an interceptor is seen in the south Hebron Hills, in the West Bank, May 25, 2025(photo credit: SOCIAL MEDIA/VIA SECTION 27A OF THE COPYRIGHT ACT)
The IDF said it intercepted a missile fired from Yemen that triggered sirens in Jerusalem, its surrounding areas, and in the southern West Bank on Sunday morning.
Shrapnel from the missile fell in an open area in the south Hebron Hills, KAN News reported. Footage circulated social media showed what appeared to be the burnt shrapnel of a THAAD air defense missile that landed in the area.
Houthi military spokesperson Yahya Saree said the group was responsible for Sunday’s attack, adding that it fired a missile toward the Ben-Gurion Airport.
Earlier in May, three people were lightly wounded as a result of a Houthi missile that crashed in the area of the airport’s Terminal 3.
The Yemeni terrorist group had previously threatened Israel by saying it would impose a “comprehensive air blockade” on Israel by repeatedly targeting the country’s airports.
A boy carries a toy weapon as Houthi supporters protest in Sanaa, Yemen, May 23, 2025 (credit: REUTERS/KHALED ABDULLAH)
Houthis continue firing at Israel after Trump stops US bombing
Yemen’s Iran-aligned Houthis have continued to fire missiles at Israel since Hamas’s invasion and massacre of Israelis on October 7, 2023. Most of the group’s missiles have been intercepted or have fallen short.
The continued missile launches by the Houthis come after US President Donald Trump announced earlier this month that the US would stop bombing the Houthis in Yemen because the group had agreed to stop attacking US ships under an Oman-mediated ceasefire deal.
The situation remains very combustible and could easily explode at the slightest spark…
Russia and the US rarely agree on much, but their top diplomats just sounded the alarm about Syria, which should convince objective observers that there’s credence to their warnings. Foreign Minister Sergey Lavrov said that “The situation in the Middle East is particularly troubling, especially in Syria, where groups of radical militants commit real acts of ethnic cleansing and mass executions on ethnic and religious grounds.”
As for Secretary of State Marco Rubio, he said that “It is our assessment that, frankly, the transitional authority, given the challenges they’re facing, are maybe weeks — not many months — away from potential collapse and a full-scale civil war of epic proportions, basically the country splitting up.” He was likely alluding not only to the mass killings of Syria’s Alawites, but recent tensions with the Druze minority and potential problems in implementing spring’s national reintegration deal with the Kurds.
Prior to these top diplomats’ warnings, there was some cautious optimism about Syria’s future after Russia was able to retain its bases there for the time being, Trump met Jolani/Sharaa, and the US and then the EU lifted sanctions on Syria. Nevertheless, the aforesaid three positive developments were still overshadowed by the abovementioned problems, which pair with the Israeli-Turkish rivalry in Syria to create a very combustible situation.
To make matters worse, Russia’s Khmeimim airbase was recently attacked by what Russian milblog Rybar claimed were Uzbek militants, who might have gone rogue for whatever reason but Rybar suspects that they actually intended to send a plausibly deniable hostile message from the new authorities.
Whatever their true motivation might be, it shows how volatile the situation remains in Syria, which could prompt all relevant foreign stakeholders into seriously considering their contingency plans there.
These are Russia, the US, Turkiye, Israel, and even the Iranian-led “Resistance Axis” to a degree, and the interplay between them could decisively shape Syria’s future.
Apart from the previously described Israeli-Turkish rivalry, Israel was reportedly lobbying the US to keep Russia’s bases in Syria earlier this year, while another report claimed that Israel is engaged in secret Emirati-mediated talks with Syria. There are also recent reports about the Trump-Bibi rift, which might be irreconcilable, to consider too.
Another influential variable could be the nascentRussian–US “NewDétente”, which might see them coordinate their activities in Syria, just like Turkiye and the US might do the same after Trump congratulated Erdogan for last December’s regime change. Observers also shouldn’t rule out that the “Resistance Axis” might have some “sleeper cells” across Syria waiting for the right time to “awake”. The chaotic interplay between these relevant foreign stakeholders could easily “Balkanize” Syria.
Syria might therefore be in for some tough times ahead due to these factors.
To recap, the new authorities’ persecution of minorities might push some of them into taking up arms, after which they could be patronized by the identified foreign stakeholders.
Some of these external players might then exploit these partners as proxies for dividing-and-ruling Syria.
If another full-scale war ensues, then the region will once again be destabilized, and another tidal wave of refugees might crash into Europe.
end
WEST BANK
IDF thwarts attempted stabbing attack in Hebron
Most recently, two weeks ago, a terrorist attempted to ram into a soldier in the Hebron Hills, then exited his vehicle and attempted to stab him.
The IDF thwarted an attempted stabbing attack in Hebron in the West Bank on Saturday afternoon, the IDF said.
The terrorist was killed, and there were no casualties reported among IDF troops.
The attack occurred at the Tamar checkpoint, according to Maariv. , and the soldiers involved in thwarting the attack were from the IDF’s 5060 Reserve Battalion.
Large numbers of IDF troops from the West Bank Division were called to the scene and have begun isolating the area and conducting searches to ensure there are no additional casualties.
Israeli soldiers raid the West Bank city of Hebron, May 23, 2025. (credit: WISAM HASHLAMOUN/FLASH90)
The area of Hebron has been the site of numerous terror attacks.
Terror attack in Hebron area two weeks earlier
Most recently, two weeks ago, a terrorist attempted to ram into a soldier in the Hebron Hills, then exited his vehicle and attempted to stab the soldier.
He was killed at the scene.
Hamas and Palestinian Islamic Jihad released respective statements praising the attacks and calling for an escalation of violence in the West Bank. However, neither group claimed responsibility for the attack.
This is a developing story.
end
SYRIA/ISRAEL
in direct talks
Syria, Israel in direct talks focused on security, sources say
The two sides have held face-to-face meetings aimed at calming tensions and preventing conflict in the border region.
By REUTERSMAY 27, 2025 15:21Updated: MAY 27, 2025 15:35
Illustrative of an Israel flag and Syria flag, with soldiers and weapons.(photo credit: SHUTTERSTOCK)
Israel and Syria are in direct contact and have, in recent weeks, held face-to-face meetings aimed at calming tensions and preventing conflict in the border region between the two longtime foes, five people familiar with the matter said.
The contacts mark a significant development in ties between states that have been on opposite sides of conflict in the Middle East for decades, as the US encourages the new Islamist rulers in Damascus to establish relations with Israel and Israel eases its bombardment of Syria.
They also build on back-channel talks via intermediaries since Islamist rebels Hayat Tahrir al-Sham toppled Syrian strongman Bashar al-Assad in December, said two Syrian and two Western sources, as well as a regional intelligence source familiar with the matter.
The sources spoke on condition of anonymity because of the sensitivity of the subject for two nations with no official ties and a history of enmity. The direct talks and their scope have not been previously reported.
On the Syrian side, the sources said contacts have been led by senior security official Ahmad al-Dalati, who was appointed governor of the province of Quneitra, which borders the Israeli-occupied Golan Heights, after the fall of Assad. Earlier this week, Dalati was also put in charge of security in the southern province of Sweida, home to Syria’s Druze minority.
CHILDREN HOLD flags next to a sculpture of Druze warrior Sultan Pasha al-Atrash after Syrian rebels announced the ousting of president Bashar Assad, in the Druze village of Majdal Shams, Golan Heights, earlier this month. (credit: REUTERS/SHIR TOREM)
Reuters could not determine who participated on Israel’s side, though two of the sources said they were security officials.
Three of the sources said there had been several rounds of in-person meetings in the border region, including in territory controlled by Israel.
Israel’s foreign ministry and Syrian officials did not immediately respond to requests for comment.
UAE confirmed mediator between Israel, Syria
Earlier this month, Syrian interim president Ahmed al-Sharaa confirmed indirect talks with Israel that he said were aimed at calming tensions, a striking admission that followed a Reuters report that the UAE was mediating such talks.
Israel has occupied the Syrian Golan Heights since the 1967 Arab-Israeli war and took more territory in the aftermath of Assad’s ouster in December, citing lingering concerns over the extremist past of the country’s new rulers.
It has also waged a campaign of aerial bombardment that destroyed much of the country’s military infrastructure, while at the same time lobbying Washington to keep the country weak and decentralized.
But the bombing and the criticism have subsided in recent weeks.
On May 14, a meeting between US President Donald Trump and Sharaa in Riyadh upended decades of US Syria policy, and signalled to Israel’s right-wing government that it should work to reach understandings with Sharaa.
The regional intelligence source described Trump’s engagement with Sharaa as a pivotal part of a realignment in US policy that upset Israel’s post-Assad strategy of exploiting Syria’s fragmentation.
Broader understandings?
The relative calm in May has also seen a reduction in tensions around Sweida, which saw days of bloody clashes between Druze armed factions, some of which enjoy Israeli backing, and Sunni Muslim fighters last month.
Amid the violence, Israel had launched a series of airstrikes, including one just outside the presidential palace overlooking Damascus, which it framed as a warning over threats against the Druze, an offshoot of Islam with adherents in Syria, Lebanon, and Israel.
While the direct talks are currently focused on joint security, such as preventing conflict and reducing Israeli incursions into Syrian border villages, two of the sources said they may help pave the way for broader political understandings.
“For now, they are about peace, as in the absence of war, rather than normalization,” said the person familiar with backchannel talks.
Trump indicated after meeting Sharaa that the Syrian leader was willing to eventually normalize ties with Israel, while adding that it would take some time.
Sharaa has not commented on the statement, saying instead that he supported a return to the terms of a 1974 ceasefire agreement that created a UN buffer zone in the Golan Heights.
Syria’s new rulers have made repeated efforts to show they pose no threat to Israel, meeting representatives of the Jewish community in Damascus and abroad and detaining two senior members of Palestinian Islamic Jihad, which participated in the October 7, 2023 Hamas-led attack on Israel.
A letter sent by Syria’s foreign ministry to the US State Department last month, seen by Reuters, said “we will not allow Syria to become a source of threat to any party, including Israel.”
More recently, Syria’s leadership has shown goodwill by approving the handover of a trove of long-dead Israeli master spy Eli Cohen’s belongings.
end
RUSSIA VS UKRAINE
Will Russia’s Latest Buffer Zone Plan Be More Successful Than The Last?
Putin warned in March 2024 that Russia might set up a “security zone” inside Ukraine in response to cross-border strikes and raids, which it then began to do two months later that May after Russian troops made a fresh push into Kharkov Region at the time. Regrettably, the incursion didn’t penetrate too deeply, and later that summer Ukraine launched a sneak attack against Russia’s Kursk Region. It was only earlier this year that Russia finally expelled all Ukrainian troops from there with North Korean assistance.
Nevertheless, Putin just announced late last week that “a decision has been made to create a buffer security zone along the Russian border” with Belgorod, Kursk, and Bryansk Regions, thus meaning inside the corresponding Ukrainian regions of Kharkov (once again), Sumy, and Chernigov. Unlike last year’s attempt, this latest one might be more successful due to the very different context within which it’s being pursued, particularly as regards the conflict’s new diplomatic and military dynamics.
Regarding the first, “The Devil’s In The Details As Trump Announced ‘Immediate’ Russian-Ukrainian Ceasefire Talks” right after his latest call with Putin, the details of which readers can learn more about from the preceding hyperlinked analysis. Its relevance to Putin’s newly announced buffer zone plan is that his declaration might initially be intended as a form of pressure upon Zelensky to coerce him into having Ukraine finally comply with Russia’s demanded concessions for politically resolving the conflict.
As for the second, it was assessed in mid-March that “Russia Might Expand Its Ground Campaign Into Sumy, Dniepropetrovsk, And/Or Kharkov Regions”, with Dniepropetrovsk being mentioned instead of Chernigov since Russian forces are approaching its border from Donbass after going around Pokrovsk. Crossing that administrative frontier into a region that Russia doesn’t (yet?) claim as its own could circumvent Ukraine’s formidable defenses in central Zaporozhye and lead to that region’s swift capture.
In connection with these dynamics, RT chief Margarita Simonyan clarified that the Russian delegation in Istanbul didn’t threaten that their country would claim an additional Ukrainian region if Ukraine doesn’t withdraw from the four disputed ones, but four more for a total of eight regions (not counting Crimea). These could conceivably be all or part of Chernigov, Sumy, Kharkov, and Dniepropetrovsk Regions given Russia’s latest buffer zone plan unless Ukraine agrees to its demanded concessions before then.
With that plan in mind and seeing as how those four regions, Kiev, Cherkassy, and Poltava are either entirely or partially east of the Dnieper, Russia might add to its list of demands by calling for the creation of a totally demilitarized “Trans-Dnieper” region controlled by non-Western peacekeepers. This could either complement its original demand for demilitarizing the entirety of Ukraine or be presented as a compromise in exchange for letting Ukraine do whatever it wants on the other side of the river.
Regardless of whether that proposal is put forth, Putin’s newly announced buffer zone plan shows that Russia is expanding its goals, which makes sense considering that it’s winning and that Ukraine still refuses to comply with its demanded concessions for politically resolving the conflict. The longer that Ukraine refuses to agree to peace on Russia’s terms, the more land that it stands to lose, which might ultimately be much more than anyone expects if the US soon abandons Ukraine in order to cut its losses.
END
Closer To Peace? Watch Russian Ballistic Missile Destroy US Patriot System In Ukrain
Friday, May 23, 2025 – 09:20 PM
There’s been little progress in Russia-Ukraine talks, which the Trump administration has backed – the latest held in Istanbul a week ago – and by all appearances the war continues to heat up and possibly expand.
Russia’s defense ministry (MoD) has published battlefield footage which purports to show a Russian Iskander-M operational-tactical missile system destroying a US-supplied Patriot air defense system operated by the Ukrainian military.
A Thursday Telegram post by the MoD showed the strike on a position in Dnepropetrovsk region, which it says destroyed a multifunctional AN/MPQ-65 radar, a control unit, as well as two Patriot launchers.
Russian state media has touted that this amounts to a loss of advanced military hardware worth over $1 billion. President Zelensky has already for months been complaining US-supplied air defense systems
European allies, including Germany, the Netherlands, Romania, and Spain – have long worked to donate and transfer the anti-air system with Washington’s approval.
Greece has continued to refuse to send Ukraine any of its Patriot batteries, citing the need to defend its homeland, also given Turkey is an ever-present threat amid a spat over maritime rights and sovereignty. Likely Greece also realizes any Patriot it donates could just as quickly be destroyed by Russia’s superior aerial power.
“There is no discussion about supplying Patriot systems from Greece to Ukraine,” a Greek official told Reuters early this month.
New drone footage from near the Ordzhonikidze settlement in the Dnepropetrovsk region has shown the destruction of multiple key components of an MIM-104 Patriot long range surface-to-air missile system operated by the Ukrainian Armed Forces, after it was successfully targeted by Russian forces using the Iskander-M ballistic missile system. The strike took place approximately 100 kilometers behind the frontlines, at a time when Russian forces in the region have made significant advances. –Military Watch Magazine
Watch: the opening footage below features the official MoD clip of the Patriot being taken out…
However, there is also evidence that American and Western-supplied systems continue to at times successfully intercept inbound Russian fire. The Western allies have sunk hundreds of billions of dollars into defending and propping up Ukraine’s government and military.
Russia’s military has enough firepower to still overwhelm Ukraine’s air defenses, and so successes might still be few and far between. Watch harrowing footage of a fresh intercept below…
Footage of a Ukrainian MIM-23 I-HAWK surface-to-air missile slamming into a Russian Kh-101 cruise missile over western Ukraine.
The 40-year-old US SAM system, built to face a Soviet threat and now fighting a Russian one, continues to score kills in Ukrainian service. pic.twitter.com/ecwq9uhbgg— OSINTtechnical (@Osinttechnical) May 23, 2025
What all of this demonstrates is that the proxy war between Russia and NATO is still going strong, and risks further escalation, given also President Putin has just ordered large buffer zone to be established within Ukraine’s border, to protect Russia against cross-border shelling and drone attacks.
end
Ukraine Tried To Attack Putin’s Helicopter Mid-Flight, Russia Alleges, Responds With Massive Strikes On Kiev
Sunday, May 25, 2025 – 11:05 AM
The Kremlin as well as Russian state media are alleging a huge, potentially conflict-altering incident which will surely escalate the war in Ukraine – an attempted attack on Russian President Vladimir Putin himself.
A high-ranking Russian military commander on Sunday described that last week, as Putin traveled to the Kursk region for the first time since is liberation after 6+ months of Ukrainian occupation, Ukraine tried to attack Putin’s helicopter mid-flight, sending a wave of drones to swarm the flight path of the chopper.
The presidential helicopter was caught in the “epicenter” of a massive Ukrainian drone attack, commander of an air defense division in Kursk, Yury Dashkin, told Russian media. The headline is the top featured story of English-language RT on Sunday, something which suggests the allegations are largely aimed at grabbing the attention of the West.
The incident is said to have happened Tuesday as the helicopter transported Putin to tour Kursk – a southern oblast which has suffered much destruction since the initial Ukrainian cross-border incursion of last August.
Commander Yury Dashkin told Russia 1 in an interview which aired Sunday said that Putin’s helicopter had found itself “in the epicenter of an operation to repel a massive drone attack by the enemy” in Kursk Region.
He went on to describe that this “unprecedented” attack was successfully repelled by anti-air defenses in the region. Air defense units in the area had to “simultaneously conduct anti-aircraft combat and ensure the safety of the president’s helicopter in the air. The task was accomplished,” Dashkin stated. “The attack of the enemy drones was repelled, with all aerial targets being hit.”
While this could just be a mid-level officer’s attempt to toot his own horn, given the world is just hearing about what’s tantamount to an ‘assassination attempt’ on one of the world’s most powerful leaders being alleged – and coming belatedly a number of days after the incident in question – this seems part of Moscow’s ongoing messaging that the UAV incursions are an attempt to derail the US-brokered peace talks between Moscow and Kiev.
The drones are being launched on Russia in record numbers, with literally multiple hundreds sent over the past week, in some cases halting inbound and outbound flights at major airports, including in the Moscow area. Ukrainian officials have boasted that the operations is trying to disrupt and destabilize daily life in Russia, in hopes that the government could lose control.
A major new allegation coming from Russia’s military:
Ukraine tried to ATTACK Putin’s helicopter mid-flight over Kursk
Russian Air Defense Division officer says Ukrainian drones attempted to swarm chopper flight path
Significantly, Russia’s military pummeled the Ukrainian capital of Kiev again overnight, with emerging images showing raging fires and devastation in city neighborhoods and populated areas. Other regions were hit as well, in a second straight night of some of the largest strikes of the war.
There were significant casualties. According to Ukrainian emergency authorities, cited in national media:
Russia attacked Kyiv and other Ukrainian regions with drones and missiles overnight on May 25, killing 12 people, including three children, and injuring more than 60, Interior Minister Ihor Klymenko said on Telegram.
Russia launched 69 missiles overnight and 298 drones, according to Ukraine’s Air Force.
The Air Force reported that 45 cruise missiles were shot down by air defense and 266 drones were neutralized, while 22 locations recorded a direct strike.
The attacks come one night after one of the heaviest Russian assaults on Kyiv throughout the full-scale war. The attack also coincides with Kyiv Day, a city holiday typically celebrated on the last Sunday in May.
Zelensky after Russia’s massive overnight attack:
"Almost 300 Shahed drones and 70 missiles hit Ukrainian cities—Kyiv, Zhytomyr, Odesa, Khmelnytskyi, and more. Homes, dorms, businesses destroyed. Children killed.
US media outlet NPR also acknowledges that “The scale of the onslaught was stunning — Russia hit Ukraine with 367 drones and missiles, making this the largest single attack of the more than three-years-long war.”
The attack featured heavy use of Iranian-designed Shahed drones, Yuriy Ihnat, a spokesperson for Ukraine’s Air Force, said. It was “the most massive strike in terms of the number of air attack weapons on the territory of Ukraine since the beginning of the full-scale invasion in 2022,” Ihnat emphasized.
Given the sizeable death toll and casualties, this is sure to get Washington and Europe’s attention, at a moment the Trump administration has been losing patience with both sides over lack of progress in attempted peace negotiations, the last round which was held in Istanbul just over a week ago. Washington is still threatening more anti-Moscow sanctions, a move which would likely terminate the peace negotiation process.
By all appearances, Putin is actually ready to expand the ground operation inside Ukraine, in part to establish a ‘buffer zone’ in order to better defend the constant drone attacks coming out of Ukraine on Russian territory.
Russian troops at the same time continue advancing slowly on the eastern front in Donbass, having reportedly captured two settlements in Donetsk region as well as one in Ukraine’s northern region of Sumy, according to a Saturday Russian Defense Ministry statement.
Reuters cites the statement as saying Russian forces had “captured the village of Stupochky in Donetsk region, east of Kostiantynivka, a town under recent Russian pressure.” It also named the villags of Otradne and Loknya, the latter which is inside the Russian border in Sumy region – as coming under Russian control. That makes three more settlements captured in eastern Ukraine. All of this strongly suggests that peace is no closer on the horizon.
END
RUSSIA
Robert H:
Russia grows despite sanctions
Russia Enters Top 3 Economies by Trade Revenue!
Russia has entered the top 3 economies in terms of trade revenue at the end of 2024.
Last year, Russia became the third largest country in the world in terms of trade surplus, while China continues to have the largest net income from trade, according to RIA Novosti’s analysis of data from national statistics services.
The agency examined trade data from 91 major countries that had already published trade data for the previous year. Among them, only 33 countries had a trade surplus of $2.3 trillion in total, while 58 economies had a negative balance of $2.8 trillion.
Last year, China was the biggest beneficiary of trade, with a trade surplus of $991 billion. In second place, as in the previous year, was Germany with net trade revenue of $258 billion.
Russia rounds out the trio with a trade surplus of $151 billion and, as a result, moving up four places. Also in the top five are Ireland, which dropped from third to fifth place with a surplus of $98 billion, and the Netherlands, which recorded a surplus of $89 billion and moved up three places.
The top ten countries that gained the most from trade also included Switzerland ($77 billion), Saudi Arabia ($73 billion), Norway ($69 billion), Brazil ($59.5 billion) and Italy ($55 billion).
At the same time, the United States has traditionally had the largest trade deficit last year, which reached $1.3 trillion. The closest “competitor” was Great Britain, although its trade deficit was more than four times smaller: “only” $303 billion. India, which ranked second last year, dropped one spot this year to third place, with $263 billion. Also in the top five, as last year, are France (111 billion) and Turkey (82 billion).
Did you hear that, EU?! Russia needs MORE sanctions, it’s time to put China’s primacy into question!
end
Trump Weighs More Sanctions, Abandoning Peace Process, As Russia Says Deadly Strikes Are ‘Retaliatio
Tuesday, May 27, 2025 – 09:40 AM
Russia has made clear on Tuesday that it will continue targeting military-related facilities in Ukraine in response to a drastic increase in drone raids launched by Ukrainian forces deep into Russian territory. The defense ministry (MoD) has condemned these attacks out of Ukraine as aimed at civilian infrastructure.
Kiev has simultaneously charged that Moscow is targeting hospitals, schools, and civilian residences after several consecutive days of large-scale drone and missile attacks. The past week has on the other side seen at least 2,000 UAVs sent against Russian territory.
Russia’s MoD released a statement which is without doubt trying to signal the Trump administration at a moment the US president is thinking about slapping more sanctions of Russia, amid frustration at lack of progress in peace negotiations.
It emphasizes that the retaliatory attacks are aimed “exclusively at Ukraine’s military and defense industrial facilities” – and it further provided a list of “military bases, warehouses, airfields, radar stations, as well as drone assembly, gun powder, and explosives plants.”
But something Trump is not going to respond well to is the following: “The Russian military will continue to carry out massive and group strikes in response to any terrorist attacks and provocations of the Kiev regime,” the MoD said. “The strikes will be carried out exclusively on military facilities and enterprises of the military-industrial complex of Ukraine.”
The military statement stressed that at the moment Moscow is an open and willing participant in the US-backed peace talks, the latest which were held in Istanbul, it remains “the Kiev regime, supported by certain European countries, has taken a number of provocative steps aimed at disrupting the negotiation process.”
Currently, the Western mainstream media is trying to goad President Trump into escalating against Moscow, and likely hawks within the US administration are also seizing on the ‘popular’ pressure:
It dismissed Trump’s frustration with the most intense Russian drone attacks on Ukraine as a symptom of “emotional overload.” And experience suggests Putin can get away with calling the US president’s bluff. After all, Trump’s Truth Social critique of the Russian leader as “crazy” on Monday was leavened with a characteristic rebuke of the victim — Ukraine and President Volodymyr Zelensky.
Still, the intensifying Russian attacks on Ukrainian civilians appear to be a deliberate Russian test for Trump, a week after his hyped call with Putin, which made no progress toward peace despite the White House spin.
But again, despite mounting casualties in Kiev and elsewhere from the waves of aerial assaults, Moscow is insisting it is not targeting civilians.
This has been enough for Trump to signal that punitive measures against Russia could be coming. Trump is mulling imposing yet more sanctions on Russia this week, the Wall Street Journal reported Monday.
He said directly starting Sunday, as missiles on Kiev kept coming, that he is “absolutely” considering them. Putin is “killing a lot of people” and that “I don’t know what’s wrong with him. What the hell happened to him?”
WSJ detailed, “The restrictions likely wouldn’t include new banking sanctions, one of the people said, but other options are under discussion to pressure the Russian leader into concessions at the negotiating table, including a 30-day cease-fire supported by Ukraine that Russia has long rejected.” This was all supposedly based on “people familiar with Trump’s thinking.”
More importantly, this would be seen as the abandonment of already fragile efforts and finding a truce deal. Yet the sanctions would likely have little impact, given they would be something like the 18th wave of US sanctions, as Russia has increased its reliance on China trade, and other BRICS countries.
The timing couldn’t be worse in terms of potential for runaway escalation, given it was just on Monday that German Chancellor Friedrich Merz announced that Germany, France, the UK and US have lifted prior restrictions on how far the weapons they supply to Ukraine can reach. “Absolutely no limits…,” he said.
“There are absolutely no range limits anymore for weapons delivered to Ukraine, not from Britain, the French or from us — also not from the Americans,” Merz said speaking at a national security forum in Berlin on Monday. “That means Ukraine can defend itself by attacking military positions also in Russia.” This ‘greenlight’ would of course translate to Russia stepping up its own ballistic missile strikes across Ukraine and ‘command centers’ – and places where foreign advisers might be as well.
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
“It’s Good Science” – CDC Stops Recommending COVID Vaccines For Healthy Kids & Pregnant Wom
Tuesday, May 27, 2025 – 10:25 AM
Confirming previous rumors, Health Secretary Robert F Kennedy Jr confirmed via a post oin X that the CDC will no longer recommend COVID vaccines for children or pregnant women
“Today, the COVID vaccine for healthy children and healthy pregnant women has been removed from @CDCgov recommended immunization schedule.
Bottom line:
It’s common sense and it’s good science.
We are now one step closer to realizing @POTUS ’s promise to Make America Healthy Again.“
Today, the COVID vaccine for healthy children and healthy pregnant women has been removed from @CDCgov recommended immunization schedule. Bottom line: it’s common sense and it’s good science. We are now one step closer to realizing @POTUS’s promise to Make America Healthy Again. pic.twitter.com/Ytch2afCLP
As we previously reported, Kennedy noted that established side effects of the COVID-19 vaccine include a form of heart inflammation called myocarditis and a related condition called pericarditis.
He also pointed out that 15 vaccinated participants in Pfizer’s clinical trial died, compared with 14 participants who did not receive the company’s vaccine.
Three COVID-19 vaccines are currently available for use in the United States: one from Pfizer, one from Moderna, and one from Novavax.
Advisers to the CDC recommended in 2022 that the agency add COVID-19 vaccines to the schedule, concluding that the benefits of the shots outweighed the risks. The CDC in 2023 added them to the schedule.
According to the schedule, all children who have never received a COVID-19 vaccine should receive at least one dose, depending on their age, while those who have received a vaccine in the past should receive at least one additional dose. Unlike many vaccines on the schedule, the COVID-19 vaccine has not been made compulsory for school attendance in states.
Kennedy said during his confirmation hearings, “I recommend that children follow the CDC schedule, and I will support the CDC schedule when I get in there if I’m fortunate enough to be confirmed.”
Sen. Bill Cassidy (R-La.), a physician, who had been considering voting against Kennedy, said in a speech on the Senate floor that Kennedy committed to maintaining the vaccine schedule without changes. Cassidy later wrote on social media platform X that the commitment “never precluded him from conducting sound scientific research” and that he was “confident any reputable review will further confirm settled science of the safety and efficacy of the childhood vaccine schedule.”
Only 13 percent of children have received one of the COVID-19 vaccines with the 2024–2025 formula, according to CDC data.
Children could still get a COVID-19 vaccine if it is removed from the schedule, but insurance may not pay for it if the removal happens.
end
RFK Jr. Drops Bombshell ‘MAHA’ Report Outlining ‘Existential Public Health Crisis’ And What To Do Abo
Saturday, May 24, 2025 – 04:05 AM
Delivering on President Trump’s Executive Order 14212, the “Make America Great Again” (MAHA) Commission released a 72-page report titled “The MAHA Report: Make Our Children Healthy Again,” outlining America’s childhood chronic disease crisis and its potential contributing causes.
The Government has never admitted that the United States is in an existential public health crisis. Today, we did—and now we’re going to do something about it. pic.twitter.com/3u9z3WNCTN— Secretary Kennedy (@SecKennedy) May 23, 2025
However, before listing the host of potential contributing causes of chronic illnesses, the report first addresses “Corporate Capture and the Revolving Door.” Starting on page eighteen, the incestuous relationship between big government and bigger monopolies begins to paint a picture of how we’ve ended up here in the first place—a complete lack of surprise for anyone familiar with “regulatory” agencies.
Beginning under President Franklin D. Roosevelt—a fan of Benito Mussolini and Giovanni Gentile’s fascist economic framework—the Executive branch began creating agencies to “administrate” the various social programs created by the New Deal. Sometimes referred to as “the swamp,” or as Mussolini called it, “the state within the state,” Americans have come to know these agencies of unelected bureaucrats as the “Administrative State.”
“Although the U.S. health system has produced remarkable breakthroughs, we must face the troubling reality that the threats to American childhood have been exacerbated by perverse incentives that impact the regulatory bodies and federal agencies tasked with overseeing them,” the report reads.
Relying on the “honor system,” the report highlights how corporations fund their own safety studies which government agencies use to base approvals upon. Conversely, public tax dollars fund but a small portion of the total research dollars spent on chronic childhood diseases—further “exacerbated” by the revolving door between regulatory agencies, and the corporations they’re supposed to regulate.
Key Takeaways
Food Industry spent $60 billion for drug, biotechnology, and device research in nutrition science compared to $1.5 billion in government funded research.
Over 40% of US children have a chronic health condition – including asthma, allergies, obesity, autoimmune diseases, or behavioral disorders – a dramatic rise over past decades.
Over 75% of young Americans are ineligible for military service.
Teen suicide and depression have surged, with suicide among 10-24-year-old girls up 67% since 2007.
95% of the 2020 Dietary Guidelines Advisory Committee members had financial ties to food and pharmaceutical companies
The chemical manufacturing industry spent roughly $77 million on federal lobbying activities in 2024, while 60% of their lobbyists previously held federal posts.
More than ten thousand chemicals listed on the EPA’s inventory are designated as confidential, and generic chemical names are used to identify them.
The pharmaceutical industry, from 1999 to 2018, spent $4.7 billion on lobbying expenditures at the federal level, more than any other industry.
Nine out of the last 10 FDA commissioners—and approximately 70% of the agency’s medical reviewers—have gone on to work for the pharmaceutical industry.
Over 80% of clinical departments and teaching hospitals at U.S. medical schools receive some degree of pharmaceutical funding, while half of the total costs for continuing medical education (CME) is funded by industry.
Between 2010 and 2022, the industry provided $6 billion to over 20,000 patient advocacy organizations.
Dr. Kat Lindley, a board-certified medical doctor and President of the Global Health Project, tells ZeroHedge that the report is an important first step.
“The MAHA report is a great step in addressing the issues of chronic childhood diseases head-on,” Lindley said. “The issue is multifaceted and it is great to see this administration placing children above profits.”
However, Lindley is among many who call for a more active and common-sense regulatory approach, especially regarding the unnamed elephant in the room.
“We also need a common sense approach to what has not been addressed in this report, and that is the mRNA Covid-19 vaccines,” Lindley said, adding, “According to passive surveillance data and clinical observations, we believe these vaccines have potentially caused an increase in inflammatory diseases, neurological diseases, myocarditis, pericarditis and childhood cancers, just to name a few. We must tackle this issue head-on as well.”
When every administrative agency is a copy of a copy, of a copy, perhaps the boldest promise of “Make America Healthy Again” is the opportunity for regulatory reforms.
The report also emphasizes that rebuilding America’s food supply chain will require putting ranchers and farmers at the center of the conversation and focusing on promoting clean, healthy food.
At ZeroHedge, we’ve partnered with the clean food think tank Beef Initiative to bring our readers best-in-class reporting on MAHA trends and direct access to “rancher-direct” clean food, sourced directly from independent ranchers nationwide.
Rebuilding America’s food supply chain starts with one simple step: know your rancher. It’s time to stop supporting the processed foods industrial complex run by mega globalist companies, which has transformed the current food supply chain into a toxic mess of seed oils and junk. It’s time to get back to basics, find a rancher, find a farmer, and most importantly, plant your own garden. With this comes food freedom and liberty.
The MAHA Commission is expected to release the next report outlining the solutions by August 12, 2025. While it’s clear that centralized government agencies have failed us, only time will tell if bigger and more centralized federal authority will be the proposed “solution.” Or, perhaps MAHA will break the cycle by closing the revolving door.
Report alleges U.S. health officials delayed warning public about COVID vaccine myocarditis risks
Yes, warnings about the dangers of the Covid jabs were delayed for months and years so everyone would hurry and get injected with mRNA “technology” that drives all-cause-mortality rates through the roof. It was all about depopulation, and the end-game of the plandemic was to get as many idiots and brainwashed vaxxers injected before the natural health advocates gained enough scientific proof and exposed the Fauci Flu jabs for exactly what they are – plandemic bioweapons of mass destruction.
The whole scamdemic was about deadly vaccines. That was the sinister method of operation behind all the propaganda and fear-mongering. Behind all the faked death statistics that said people died of Covid, with Covid, while Coviding, you name it.
A new congressional report alleges that U.S. health officials under the Biden administration knew about the risk of myocarditis linked to COVID-19 vaccines months before issuing public warnings, potentially endangering young Americans. Released on May 21 by the office of Sen. Ron Johnson (R-WI), the report claims the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) delayed updating vaccine labels despite mounting evidence. The findings come as concerns over vaccine-related heart inflammation fuel declining booster uptake and renewed scrutiny of federal health transparency.
According to the report, federal agencies were aware of myocarditis cases tied to Pfizer’s mRNA vaccine as early as February 2021 but did not update safety labels until June. By then, reports of heart inflammation had surged from 158 cases in April to over 750 by early June. The report states: “Even though CDC and FDA officials were well aware of the risk of myocarditis following COVID-19 vaccination, the Biden administration opted to withhold issuing a formal warning to the public for months about the safety concerns, jeopardizing the health of young Americans.”
Israeli health officials had also alerted U.S. agencies in April 2021 about rising myocarditis cases among vaccinated youth, but the FDA dismissed the data as “incomplete.” Meanwhile, the Biden administration expanded vaccine eligibility to adolescents in May 2021, downplaying risks as “rare.”
Recent studies suggest myocarditis may be more common than initially reported. A 2023 study found that 1 in 35 booster recipients showed signs of myocardial injury. Such findings have contributed to declining booster uptake, with skepticism growing over federal health messaging. The controversy echoes past public health controversies, such as the delayed acknowledgment of heart risks linked to certain medications, raising questions about transparency in crisis management.
The report intensifies scrutiny of how U.S. health agencies balanced urgency and caution during the pandemic. Vaccine critics argue that withholding potential risks eroded public trust. As booster campaigns continue under extended emergency declarations, the fallout from these revelations may shape future vaccine policies — and the public’s willingness to follow them.
Bookmark Vaccines.news to your favorite independent websites for updates on experimental gene therapy injections that lead to turbo cancer and Long-Vax-Syndrome.
MARK CRISPIN MILLER
Joe Biden has “aggressive” cancer; Whoopi Goldberg can “barely speak”; Sean Penn looks like death; Scott Adams has…
UNITED STATES
Joe Biden diagnosed with “aggressive” prostate cancer
May 18, 2025
Former President Joe Biden has been diagnosed with prostate cancer, his office said Sunday. Biden was seen last week by doctors after urinary symptoms and a prostate nodule was found. He was diagnosed with prostate cancer on Friday, with the cancer cells having spread to the bone. “While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management,” his office said. “The President and his family are reviewing treatment options with his physicians.” Prostate cancers are given a score called a Gleason score that measures, on a scale of 1 to 10, how the cancerous cells look compared with normal cells. Biden’s office said his score was 9, suggesting his cancer is among the most aggressive. When prostate cancer spreads to other parts of the body, it often spreads to the bones. Metastasized cancer is much harder to treat than localized cancer because it can be hard for drugs to reach all the tumors and completely root out the disease. However, when prostate cancers need hormones to grow, as in Biden’s case, they can be susceptible to treatment that deprives the tumors of hormones.
Researcher's Note – Biden receives new COVID-19 vaccine [sic] booster
‘This is odd’: Yale doctor flags ‘inconceivable’ part of Joe Biden’s cancer news
May 18, 2025
A medical scholar and physician known for mocking Republicans is asking questions about former President Joe Biden’s cancer diagnosis. It was announced on Sunday that Biden had been diagnosed with an “aggressive” form of prostate cancer. Donald Trump and Marjorie Taylor Greene wished him well, but their MAGA base wasn’t so kind. On the left, most simply said they wished Biden the best, but not Howie Forman, a professor of radiology and biomedical imaging, public health (health policy), management, and economics at Yale University. Forman said, “It is inconceivable that this was not being followed before he left the Presidency. Gleason grade 9 would have had an elevated PSA level for some time before this diagnosis. And he must have had a PSA test numerous times before,” he added. “This is odd. I wish him well and hope he has an opportunity for maximizing his quality of life.” An X user named Adam Brown responded to Forman, saying, “If they followed the guidelines of the AUA and US Preventative Services Task force, they would have stopped PSA testing at age 70.” To that, Forman said, “Completely true. But do you believe that 1) he really never had screening these past dozen years and 2) he had a normal psa prior to 70? It’s just so odd to discover this with bone Mets in a man of his stature and access to care,” he added.
Video Of Joe Biden Accidentally Revealing He Had Cancer 3 Years Ago Resurfaces Online
May 19, 2025
A video of Joe Biden revealing he was a cancer patient three years ago has resurfaced online following his recent diagnosis. The former President, 82, has been diagnosed with prostate cancer, according to a statement from his office that notes the disease has already spread to his bones. It’s understood that the discovery was made this past Friday after he presented urinary symptoms. Biden, who left office as the oldest-serving President in American history, fielded many questions about his health during his presidency and ultimately chose to drop out of the running for re-election last year. His office revealed that his cancer is “a more aggressive form,” though it allows for effective management. A Gleason score of nine means the cancer could spread quickly. And that it was only recently discovered has led to questions. Interestingly enough, the former POTUS did say he had cancer back in July of 2022. Biden was speaking in Somerset, Massachusetts, when he blamed oil pollution in Delaware for giving him and many others the disease. “That’s why I—and so damn many other people I grew up with—have cancer,” he remarked then. The White House said at the time that Biden was referring to skin cancers he had successfully treated before taking office and was not a cancer patient. Of course, given this latest development, some people are wondering whether the previous administration had been covering this up all along.
The View fans fear for Whoopi Goldberg as they say ‘she should have sat this one out’
May 15, 2025
Whoopi Goldberg [69] returned to The View after being absent on Wednesday, though viewers think she probably should have stayed home. The actress, who is the longest-running host on the talk show, joined co-hosts Sara Haines, Joy Behar, Sunny Hostin, and Alyssa Farah Griffin at the table today, sounding hoarse and barely being able to speak. Yesterday, Joy explained the host’s absence, “Whoopi’s got some kind of little bug,” clarifying, “Not COVID though, not COVID.” In July of last year, Whoopi had to sit out after testing positive for the highly contagious virus, which left viewers concerned for the safety of her colleagues. “She was wearing a mask yesterday,” Joy explained during Wednesday’s program, “She wasn’t feeling well, but she’s coming back tomorrow — supposedly, if she feels better.” During Thursday’s show, Whoopi struggled to speak as her voice went in and out. “Whoopi sounds awful today….. she should’ve sat this one out today,” one fan wrote on X, formerly Twitter. The Sister Act star, who was not wearing a face mask, took a moment to address the viewers. “So before I go any further, I have to explain what’s happening,” she began. “I have a cold, and it’s kicking my behind. Yes, it is. And it’s not making me cranky, but it’s making me quiet. So I’m not funny today,” she added. Fans took to social media with their concerns, one writing, “Whoopi sounds horrible! Why do they have her working?” Another added, “Ooh, poor Whoopi. She kind of sounds just like RFK Jr.”
Researcher's Note – Whoopi Goldberg has confirmed she has had her first coronavirus vaccine [sic] shot in New York at the Javits Center while speaking on The View
Vax [sic] Up with Whoopi Goldberg:
Researcher's Note – Triple vaxxed [sic] Whoopi Goldberg says Covid diagnosis was a ‘shock’
‘You Alright?’ Hollywood Wildman Sean Penn, 64, Sparks Huge Fears For Health After Sporting Disheveled Look and Cut Nose During Podcast Chat
May 14, 2025
Hollywood wildman Sean Penn has sparked fresh health fears following his disheveled appearance on a new podcast chat. RadarOnline.com can reveal the Oscar-winning actor, 64, left fans stunned by his unkempt look, as he puffed away on a cigarette while engaging with interviewer Louis Theroux. Penn sported a noticeable cut on his nose and a full head of grey hair, a far cry from his usual red carpet look. On the YouTube video of the podcast, one person said: “Penn is 64, looks 84.” “State of him,” said another. A third penned: “He doesn’t look great, he looks v thin.” On Instagram, underneath a video promoting the podcast, one person wrote: “When did this happen? Did he suddenly get old overnight.” Even though there was an onslaught of comments about Penn’s appearance and how he had aged, there were several comments defending him. During the chat, Penn spoke about a wide range of subjects including his reputation for punching photographers and, most notably, Madonna, whom he was married to from 1985 until 1989.
‘90 Day Fiance’ Star Liz Woods Confirms Split From Jayson Zuniga Amid Stomach Cancer Battle
May 21, 2025
90 Day Fiancé star Liz Woods is single again! The TLC alum confirmed her breakup with Jayson Zuniga — just months after relocating to Washington to be with him. “I’ve received two main questions and I can finally address them,” Liz, 32, began in a lengthy Instagram Story on Tuesday, May 20. The TLC personality explained that she “decided to part ways” with Jayson in December 2024 and moved out on her own recently. In addition, Liz confirmed she has stomach cancer after months of hinting that she was undergoing chemotherapy. “It’s been a long exhausting year. I’m extremely tired all the time, but I have never been more focused on my health,” she explained. “I make sure to surround myself with healthy friendships. I’m so focused on my daughter and what’s best for us.”
‘Dilbert’ cartoonist announces he has the same kind of cancer as former President Joe Biden
May 20, 2025
The creator of the Dilbert comic strip, which was canceled by most newspapers two years ago over the creator’s racist comments, said Monday that he has been diagnosed with the same aggressive prostate cancer as former President Joe Biden. “I have the same cancer that Joe Biden has,” Scott Adams said Monday during an episode of his YouTube show, “Real Coffee with Scott Adams. “So, I also have prostate cancer that has also spread to my bones.” Adams, 67, said he’s always in pain, uses a walker to get around and that he expects to die sometime this summer. “It’s basically intolerable,” he said of the pain. Adams said he has had time to process his diagnosis and that it has given him time to say goodbyes, get his affairs in order and do all the things he needed to do. Dilbert the comic strip first appeared in 1989, poking fun at office culture. It ran for decades in numerous newspapers but disappeared with lightning speed in 2023 following racist remarks by Adams.
Researcher’s note - Scott Adams received the COVID-19 vaccine (sic) in 2021. He specifically mentioned getting the Moderna vaccine, noting on June 30, 2021, via his X account that the shots were less painful than typical flu shots. He also confirmed receiving both doses by July 28, 2021, as shared in another post on X.
Harvey Weinstein’s Retrial Derailed by Bizarre Medical Episode
May 20, 2025
As Jessica Mann concluded her testimony in Harvey Weinstein’s retrial on Tuesday, the former actress made a bold statement. Mann, who had just finished recounting a brutal sexual assault she said Weinstein committed in 2013, stared directly into his eyes, and made a hand gesture urging him to return her gaze. Instead, the former producer appeared to suffer a medical episode, emitting strange gurgling noises until court officers came to his aid. Weinstein, 72, quickly recovered from the episode.
‘Love After Lockup’ Star Amber Eggers Hospitalized And In Critical Condition
May 17, 2025
Amber Eggers, a familiar face and fan favorite from Love After Lockup, is currently battling for her life after being hospitalized in critical condition. Known for her resilience and efforts to turn her life around after incarceration, Amber’s sudden health crisis has sparked an outpouring of support and concern from fans and loved ones alike. Now, those who supported her are sending up prayers as Amber remains hospitalized in what has been described as a life-threatening condition. Her aunt Valerie shared a heartfelt message on social media, posting a picture of the two of them together and reminding Amber of their summer plans. Others close to her have remained tight-lipped about the exact details, but the sense of urgency and fear is clear. While details have been scarce, a source close to the family shared that Amber is battling a serious blood infection, reportedly stemming from untreated pneumonia. The condition has reportedly compromised several of her organs, and she is now on life support.
The Bloggess, Jenny Lawson, reveals rare cancer diagnosis: ‘I’m trying to make this a positive’
May 16, 2025
Writer Jenny Lawson [51], also known as the Bloggess, has revealed that she’s been diagnosed with neuroendocrine cancer. She shared the news on her Instagram page and blog, making lighthearted jokes and focusing on the positives. “It’s a very rare kind of cancer,” she wrote. “It’s in my stomach but it’s not stomach cancer, which is just confusing.” Lawson said that she realized she had cancer after reading the results of a recent endoscopy. “I texted my doctor: ‘Someone sent me my endoscopy results and I think I have cancer?’” she said. “Thankfully, he called me right away and explained that yes, I did have cancer, but if he had to choose a cancer to get this one would be in his top 10, which is weird that he has them ranked, but I guess slightly comforting.” Lawson said she’s waiting for test results, after which doctors will determine how to treat her cancer.
Researcher's Note – Thebloggess: The face of a woman who just got her second covid vaccine [sic]
Jenny Lawson @TheBloggess: The day after my second Pfizer vaccine [sic] was not fun but not horrible. Achey and tired. Better today. Totally worth it
Serene Russell Shares Her Mom Was Diagnosed with Brain Cancer and Susie Evans Shows Support
May 16, 2025
Fans got to know Serene Russell on Bachelor Nation shows throughout the years. This week, Serene took to Instagram to share the devastating news that her mom was diagnosed with brain cancer. In a new post on her Stories, Serene said, “On Sunday, Mother’s Day, I saw my mom and immediately became concerned with her condition during brunch — I took her to the ER, everything came back clear and she was given fluids and sent home. She kept complaining about not feeling better so I talked her into going back while I was at work.” Serene shared that unfortunately, “She was diagnosed with a golf ball sized brain tumor and last night, diagnosed with stage 3-4 brain cancer… I am still in shock, as this has all happened in 3 days and she had been hiding her pain/has been experiencing disorientation-it is fast growing and she had only experienced symptoms for a week.” She wrote, “The first step is surgery on Tuesday and her insurance does not cover it. We are facing many obstacles but this is my mom and I know she is strong enough to beat it. My little brother and sister are 15 and still depend on her. We all do.”
“God willing, it kills all the cancerous cells” — Vanderpump Rules’ Lala Kent reveals doctor suggested chemotherapy drops for pre-cancerous eye growth
May 15, 2025
Author and media personality Lala Kent [34], known for her role in Vanderpump Rules, shared an update about her recent health scare. On May 14, 2025, Kent took to her Instagram story and posted a self-recorded video, saying that she had a pre-cancerous eye growth. Lala Kent shared that she had received a text from the doctor she visited the night before, letting her know that a specialist was available to see her the next morning. She went to the appointment at 9 a.m., where the specialist informed her that the condition in her eye was pre-cancerous. The doctor recommended starting chemotherapy eye drops. Although hearing the word “chemo” was overwhelming and brought her to tears, she explained that the treatment plan involved using the drops for one week, followed by a three-week break. This cycle is to be repeated over three months. Lala Kent said: “At that point in time, God willing, it kills all the cancerous cells. If it doesn’t, we will cross that bridge when we get to it and talk about surgery. There is the update.” Kent shared the news of the health scare recently in one of her Instagram stories. She showed a close-up of her eye with a small pink bump. Lala Kent explained that she had been fixated on the issue. She recalled that it first appeared about a month and a half to two months earlier as a slight discoloration, which she found unusual. About a week and a half before her update, the spot began to look more like a blister, prompting her concern.
Researcher's Note – Lala Kent was working heavily in Hollywood between 2021-2023: Hollywood’s On-Set Vaccine [sic] Mandates to End on May 12, 2023
Jake Roberts’ Wife Requests Prayers As He Undergoes Surgery
May 13, 2025
In worrying news, Jake Roberts’ wife Cheryl has taken to Instagram to request prayers for the current AEW manager, divulging that he is set to undergo heart ablation surgery, seemingly indicating he has been diagnosed with an irregular heart rhythm. Unfortunately, this isn’t 69-year-old Roberts’ only health condition in recent years, with it known he had previously had chronic obstructive pulmonary disease, requiring him to travel with a small oxygen tank. His career would be severely derailed in the ’90s due to addiction issues, which saw his standing in the industry plummet. Although, thanks to assistance from Diamond Dallas Page, he turned his life around and was rewarded with a WWE Hall of Fame induction in 2014.
Researcher’s Note – In July 2021, Roberts announced he had signed a 2-year contract extension with AEW. Tony Khan was recently interviewed by PWTorch about the COVID-19 vaccination [sic] status of the AEW roster. The AEW President revealed that the majority of the roster is currently vaccinated [sic], and he noted that international touring will create an issue for those that are not
WWE Hall of Famer and AEW Commentator Jim Ross Diagnosed With Colon Cancer
May 15, 2025
The voice of wrestling, Jim Ross, has announced another cancer diagnosis. Ross, who currently serves as a commentator for AEW, revealed on social media that he has been diagnosed with colon cancer. The WWE Hall of Famer is set to undergo surgery within the next week or two. Ross turned 73 this past January, and he’s been battling through several health issues. While some fans have called for the legendary commentator to step away from wrestling, given there’s nothing left to prove, Ross has said his love for the wrestling business keeps him in the industry. Ross has been a part of the wrestling business for over 50 years.
what about OBL was real? Hilary the liar in that shot was watching ‘nothing’…this was for you to digest…after COVID my friends, I don’t even believe Bin Laden, what we were told, was REAL, NOTHING
but then there is this, we were then told after what these people e.g. Biden, Hilary, Obama etc. were in fact watching was a blank screen…this was staged, all of it…so why did the government put this out as if it were real? then what about OBL, Bin Laden, was real? until the truth was leaked that it was not…gave them all plausible deniability when the truth one day emerges:
“The head of the CIA admitted…that there was no live footage of the raid on Osama Bin Laden’s compound”
See the updated press release when they could not hide it no more, so again, what about OBL was real?
everything we are told by our governments, are ALWAYS lies, to cover up wrongs or set it up for more wrongs they DO…Operation Northwoods, Operation Paperclip etc. Gulf of Tonkin etc.
Alexander COVID News_a PCR manufactured fake COVID pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Today, there are many aspects of 911 that I do not believe, not one bit of it, down to the bogey man Bin Laden…
there are very bad people in this world intent on killing Americans, of turning the greatest nation USA into their shithole and hellhole….and I am not even getting into why, just that there are evil sick people who we should have never mainstreamed into the 20th and 21st century and we should always be prepared to dispatch of them…and they must be dealt with mercilessly…have no mercy…
Yet COVID, the monstrosity of it, the expanse of lies, the fraud of it, and our past situations such as Operation Northwoods, leaves me a strong skeptic and contrarian…
And, the only thing I believe about 911 is this:
1)something brought down the towers, I do not know what…did planes crash into them, well, we were shown this. but something brought down the towers and killed people
2)3000 innocent American people died
3)Iraq and Afghanistan were destroyed
4)we lost thousands of brave men and women in military maybe for a lie, men and women who lost lives, limbs for a lie…they did their job but not for what they believed…history will tell…I bow my head to them and tip my hat for they remain the most precious and best among us…I am 1% of them…we are 1% of them…we must always honor them, all of our fallen, police, military, all our brave men and women. why our uniformed men and women had to be scarified that way one day I hope to know.
5)what happened on 911 happened for dark reasons…I do not know why but there is lots we do not know, not even 1% of the truth
6)our lives were changed forever re Patriot Act etc. just like with COVID…so the questions today are real about COVID…
7)Bush was a dangerous liar, a fraud liar…there were never WMD…Powell was a liar, fraud…all of the neocons, killers.
8)one day, we will know the REAL truth on 911.
IMO, what we know today is not accurate. Not even close.
Just like the complete fraud of COVID. All of COVID was a lie!
___
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
Ron Johnson Announces he Will Not Vote to Confirm President Trump’s “Big and Beautiful Bill” in the Senate”, this is HUGE, Republican Senator Ron Johnson has announced he will not vote to confirm
President Trump’s “Big and Beautiful Bill” in the Senate, stating he “couldn’t care less” if the president is upset by his decision.’
I stand with Senator Johnson.
‘In a defiant move that has left the Republican Party in the brink of a heart attack, Senator Ron Johnson has decided to torpedo Donald Trump’s “Big and Beautiful Bill,” mockingly declaring he “couldn’t care less” about the former president’s fury.
This act of rebellion not only fractures conservative unity but also hands the left an undeserved victory.
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
The Wisconsin Senator, Ron Johnson, known for his fiscal stubbornness, dropped a political bombshell yesterday by announcing he will not support Trump’s ambitious bill in the Senate.’
‘GOP Senator Ron Johnson rips Trump’s “Big, Beautiful Bill”: “I couldn’t care less if he’s upset. I’m concerned about my children and grandchildren. $37 trillion in debt and we’re going to add to it? There is no way I’m going to vote for this bill in its current form.”‘
The initiative, which promises tax cuts, business deregulation, and a nod to traditional values, is the former president’s flagship to revitalize an America suffocated by progressive bureaucracy.
However, Johnson, with a disdain bordering on theatrical, stated that the plan “is a castle in the sky that will skyrocket the deficit,” according to collected statements.
The context couldn’t be more critical. Republicans, who have weathered years of Democratic attacks with their agenda of state control and identity politics, need unity like air.
The left, always on the prowl, is already rubbing his hands. “This is a gift to us,” commented Democratic Senator Chuck Schumer, with that smile of someone fishing in troubled waters.’
___
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
Enter the Wellness Company as a solution and a willing participant in the health care conversation. From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.
If you wish to give a donation to help me, you can at:
designed to be capable of releasing a swarm of 100 attack drones; if the Chines got this, then we the US must have better, I am sure! China is preparing to launch a new drone-carrying mothership
capable of releasing 100 kamikaze unmanned aerial vehicles (UAVs) at the same time. The Jiu Tan was developed by Shaanxi Unmanned Equipment Technology and was first unveiled at the Zhuhai air show, the largest in the country, in November.
The vehicle has a 25-metre wingspan and can fly for 12 hours, with a maximum range of 7,000 kilometres (4,350 miles). It has a take-off weight of 16 tons and a transporting capacity of six tons, which could be used to carry anything from surveillance technology to ammunition.
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
However, the most noteworthy part of the new aircraft is its ability to launch large quantities of drones at once, making it difficult for a defender to respond. Video footage released by state media replicates what this could look like.
Drone swarms can be hugely beneficial for intelligence gathering, surveillance and reconnaissance, which would be important in the event of an escalation in conflict between China and Taiwan.’
The aircraft can also carry cruise missiles and medium-range air-to-air missiles, such as the PL-12E.
Its ability to reach high altitudes means it would be harder to detect from ground-based radar systems and could fly above many of the defence systems operational around the world.’
LATEST REPORTS FOR NEWS JUNKIESGOP Senator Ron Johnson Says He Has The Votes to Stop the One Big Beautiful BillPresident Trump’s One Big Beautiful Bill could face significant hurdles in the Senate after barely passing in the House last week, as GOP Senator Ron Johnson (R-WI) says he has the votes to stop the bill.The House passed the budget reconciliation bill by only one vote on Thursday after months of debate.President Trump has said he needs the budget reconciliation …READ THE FULL REPORTTrump Questions Putin’s Mindset After Deadly Ukraine Assault: ‘What the Hell’President Donald Trump told journalists that he was “not happy” with Russia’s recent large-scale strike against Ukraine while speaking to the press on Sunday.Speaking to reporters at Morristown Municipal Airport in New Jersey, Trump accused Putin of “killing a lot of people” in the attack, which was launched on Sunday afternoon.“I’m not happy with what Putin is doing,” Trump explained. …READ THE FULL REPORT‘Razor Blade Throat’: China Reports Covid Resurgence with Painful SymptomsChina is experiencing a resurgence of COVID-19, with patients reporting symptoms of severe, burning throat pain, experts say.Zhong Nanshan, one of China’s leading pulmonologists and epidemiologists, said in an interview with China-based media on May 19 that the “razor blade throat” symptom is more pronounced in this wave of resurgence, accompanied by more frequent coughing.“Razor blade throat” is a term …READ THE FULL REPORTPolice Search Residence for New Orleans Jailbreak Escapee, Make 4 ArrestsPolice made four more arrests in connection with a prison break in New Orleans this weekend, Fox News has reported.The four arrests make a total of 11 people who have been accused of helping the inmates either before, during or after their escape from the New Orleans Jail last week.The arrests include 18-year-old Patricia Vanburen, 27-year-old Tyshanea “Minnie” Randolph, 47-year-old …READ THE FULL REPORTFDA Requires New Warning on Common Allergy MedicationThe U.S. Food and Drug Administration has issued a warning that people who have used certain common allergy medications may experience a nasty, newfound side effect if they stop prolonged use of the drugs.In an update titled, “FDA requires warning about rare but severe itching after stopping long-term use of oral allergy medicines cetirizine or levocetirizine,” the administration announced May …READ THE FULL REPORT
EVOL NEWS
———- Forwarded message ——— From: Evol News <mail@evol.news> Date: Fri, May 23, 2025 at 4:40 PM Subject: Supreme Court Gives Trump Unprecedented Power to Fire Regulators – EVOL
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUE
CANADA/
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
7.OIL AND NATURAL GAS ISSUES/GLOBAL/ENERGY/
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUE
CANADA/
Pro-Palestine Activists Target Ontario Food Terminal With Block
Sunday, May 25, 2025 – 04:55 PM
There are troubling reports that the Ontario Food Terminal—the largest wholesale fruit and produce hub in Canada, moving 2 billion pounds annually—has been disrupted by far-left activists chanting “Free Palestine.”
“Masked protesters stage a blockade at the Ontario Food Terminal, preventing freight trucks from accessing Canada’s largest wholesale fruit and vegetable distribution center,” citizen journalist “CarymaRules” wrote on X early Sunday morning, adding, “The demonstration began shortly before 2:00AM, ahead of the day’s scheduled deliveries.”
Masked protesters stage a blockade at the Ontario Food Terminal, preventing freight trucks from accessing Canada’s largest wholesale fruit and vegetable distribution center.
— Caryma Sa'd – Lawyer + Political Satirist (@CarymaRules) May 25, 2025
So what exactly are the “Free Palestine” protesters trying to achieve by targeting a critical agricultural chokepoint?
It’s less about Gaza and more about their true agenda rooted in parasitic Marxism, using Gaza as cover for a broader agenda aimed at collapsing capitalism.
More footage from the staged blockade of the critical chokepoint for ag products:
One year ago, pro-Palestinian protesters disrupted critical U.S. infrastructure—shutting down airport terminals, blocking bridges, causing major highway congestion, and targeting corporate distribution networks—we asked a very simple question back then:
We also noted last year that the Popular Front for the Liberation of Palestine (PFLP)—a Marxist-Leninist group designated as a terrorist organization by the U.S.—has ties to destabilization efforts on U.S. college campuses.
According to the Director of National Intelligence, PFLP is a terrorist group based in the Gaza Strip and the West Bank. It unites Arab nationalism with Marxist-Leninist ideology. It promotes the destruction of “Israel as integral to the struggle to remove Western capitalism from the Middle East and ultimately establish a Communist Palestinian state with Jerusalem as its capital,” the DNI writes on its website.
PFLP has a public-facing arm called Samidoun that operates in the West. NGO Monitor notes that PFLP and Samidoun “had a strong presence at encampments, demonstrations, and riots on American college campuses. Students have been documented carrying PFLP posters, flying the PFLP flag, hosting PFLP-linked speakers, and reading PFLP publications.”
The point we’re making is that paralyzing critical infrastructure and chokepoints across North America has little to do with helping the poor Gazans. Instead, these parasitic Marxists hide behind the Gaza cause to advance their true agenda: collapsing the West. Remember, these same parasitic Marxists used BLM as cover to burn city streets and loot businesses.
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS TUESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1352 DOWN 0.0036 PTS OR 36 BASIS POINTS
USA/ YEN 144.05 UP 1.427 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 1.3548 DOWN .0017 OR 17 BASIS PTS
USA/CAN DOLLAR: 1.3766 UP 0.0030 (CDN DOLLAR UP 30 BASIS PTS)
Last night Shanghai COMPOSITE DOWN 6.16 PTS OR 0.18%
Hang Seng CLOSED UP 99.65 PTS OR 0.43%
AUSTRALIA CLOSED UP .50%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 99.65 PTS OR 0.43%
/SHANGHAI CLOSED DOWN DOWN 6.15 PTS OR 0.18%
AUSTRALIA BOURSE CLOSED UP 0.50 %
(Nikkei (Japan) CLOSED UP 192.58 PTS OR 0.51%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 3289.00
silver:$32.89
USA dollar index early TUESDAY morning: 99.27 DOWN UP .21 BASIS POINTS FROM FRIDAY’s CLOSE.
On the hard side, core durable goods orders were better than expected (even though the headline was a weak retracement of the pre-tariff frontrunning surge). Home prices fell in May (according to Case Shiller)
On the ‘soft’ side, The Conference Board saw almost every sub-index rebound strongly (except inflation expectations which fell significantly) with a big jump in future expectations. Additionally, The Dallas Fed Manufacturers’ confidence jumped notably higher than expected.
Overall, this was the first ‘net good’ day for US Macro in five weeks…
Source: Bloomberg
And good news was good news today as stocks rebounded strongly from an ugly puke into the cash open. Small Caps and Nasdaq led the charge higher…
Flow-wise, Goldman’s trading desk it was strong net to buy, led by hedgies:
LOs 11% better for sale (buying Industrials vs selling Cons Disc, Staples, Fins, and HC).
HFs skewing 14% better buyers (buying Info Tech, HC, Fins, and macro expressions vs Selling Staples).
Mega-Cap tech outperformed bigly today with MAG7 stocks up almost 3% (and the S&P 493 up around 1.5%)…
All the majors are at (or just above)key technical levels (especially The Dow stalling at its 200DMA)…
And before we leave equity-land, all eyes will be focused on tomorrow evening after the bell when NVDA releases earnings…
Source: Bloomberg
Japanese bond yields tumbled, as according to Reuters, Japan’s Ministry of Finance (MOF) will consider tweaking the composition of its bond program for the current fiscal year, which could involve cuts to its super-long bond issuance…
Source: Bloomberg
…and that helped drag UST yields lower, with the long-end dramatically outperfoming…
Source: Bloomberg
…with the 30Y UST back below 5.00%…
Source: Bloomberg
Along with stocks and bonds, the dollar was bid…
Source: Bloomberg
…as JPY tumbled…
Source: Bloomberg
…which weighed on gold, which dropped to find support at $3300…
Source: Bloomberg
…and dragged down oil prices to a $60 handle for WTI…
Source: Bloomberg
…but bitcoin ripped back above $110,000…
Source: Bloomberg
Finally, with the unofficial kick-off of the summer in the US, Goldman surveyed nearly 800 institutional investors on the biggest risks they are watching in the next three months— link. (H/T Callahan)
37% consider trade policy to be the biggest risk throughout summer, followed by US growth (26%) and US deficit (23%).
‘Uncertainty’ plunged in today’s Conference Board confidence survey…
Source: Bloomberg
…but global trade policy uncertainty ticked up very modestly today…
Source: Bloomberg
…still ‘uncertainty’ is back at pre-Liberation Day lows.
BIG NEWS OF THE DAY
BIG AFTERNOON NEWS
USA DATA
US Home Prices Dropped In March For First Time In Over 2 Years
Tuesday, May 27, 2025 – 09:17 AM
For the first time since January 2023, US Home Prices, according to S&P CoreLogic Case-Shiller’s 20-City Composite Index, fell (-0.12% MoM) in March (the latest data available). That dragged the YoY change in home price down to +4.07%, the lowest since August 2023
Source: Bloomberg
Tampa prices continue to tumble…
Source: Bloomberg
Arguably, (lagged) mortgage rates dipped during that period (positive short-term for the highly smoothed and lagged Case Shiller series), but as is clear, the next couple of months do not bode well…
Source: Bloomberg
However, home price appreciation does seem to track very closely with bank reserves at The Fed (6mo lag), which implies prices are going continue to lag for the next couple of months before re-accelerating once again…
Source: Bloomberg
So 100bps of rate-cuts prompted a re-acceleration in home prices… and now prices are tumbling again as you pause… Well played Fed!!
END
US Durable Goods Orders Slumped in April As Tariff-Frontrunning Furore Fades
Tuesday, May 27, 2025 – 08:50 AM
Not surprisingly to many, US durable good orders tumbled (-6.3% MoM) in preliminary April data (better than the 7.8% MoM decline expected), following March’s 7.6% MoM tariff-front-running surge (revised down from the initial 9.2% MoM jump). Headline orders remain 2.7% higher on a YoY basis…
Source: Bloomberg
Ex-Transports, orders rose 0.2% MoM (better than the unchanged print expected) and up from the downwardly revised 0.2% decline in March…
Source: Bloomberg
The value of core capital goods orders, a less-volatile proxy for investment in equipment that excludes aircraft and military hardware, decreased 1.3% last month after an upwardly revised 0.3% gain in March.
Such shipments fell 0.1%.
Because orders can be canceled, the government uses data on shipments as an input to gross domestic product, which reflect when a payment has been made.
Capital goods shipments rose 3.2%, including defense and commercial aircraft, after a 1% decline in March.
The report showed bookings for commercial aircraft, which are volatile from month to month, slumped 51.5% after rising in April.
Boeing Co. said it received only eight orders in April, the fewest since May 2024. That was down from 192 March orders that were the most since 2023.
end
Conference Board Consumer Expectations Surge Most In 14 Years After Tariff ‘Pause’
Tuesday, May 27, 2025 – 10:11 AM
For the first time since trump was elected, The Conference Board’s US Consumer Confidence measure rose in May. The headline index surged 12.3 points to 98, marking the biggest monthly gain in four years (and dramatically better than the 87.1 exp). A gauge of consumer expectations for the next six months surged by the most since 2011, while a measure of present conditions climbed as well…
.
Source: Bloomberg
The cutoff for the survey was May 19, after the US and China agreed to temporarily reduce high levies on each other’s goods while they negotiate a trade deal.
“Consumer confidence improved in May after five consecutive months of decline,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “
The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards.
The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index—business conditions, employment prospects, and future income—rose from their April lows.
Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects.
Consumers’ assessments of the present situation also improved.
However, while consumers were more positive about current business conditions than last month, their appraisal of current job availability weakened for the fifth consecutive month.”
With stocks back up near record highs, all those pessimistic pollees have reversed their views on stocks being lower in a year (having spiked to the highest since 2011)…
Source: Bloomberg
The Conference Board’s Inflation Expectation index tumbled, leaving UMich alone in its partisan pathology…
Source: Bloomberg
Finally, if the world is literally as bad as it could possibly be (according to CEOs and ‘average joes’) then why are jobless claims refusing to budge from multi-decade lows?
Source: Bloomberg
Has the ‘virtue signaling’ of social media finally morphed over to ‘soft’ survey data? “Everyone I see on TV is freaking out about Trump’s tariffs and immigration policies, so I better toe-the-line…”?
Just like “polls”, all this soft data slump (despite stocks now back near record highs) has merely crushed people’s confidence in ‘surveys’ ability to predict anything (but who you voted for).
Is today’s rebound in The Conference Board (which goes along with the recent rebound in overall soft data), the start of the reality check that the world didn’t end after Trump was elected?
end
‘Soft’ Data Soars As Dallas Fed Manufacturers’ Uncertainty Plunged In May
Tuesday, May 27, 2025 – 11:10 AM
Uncertainty – while mentioned a few times by respondents – plunged in May, according to the latest survey of Manufacturers by The Dallas Fed…
Source: Bloomberg
Across the board, almost everything improved (prices down is an ‘improvement’)…
Source: Bloomberg
Looking ahead, expectations for new orders and production surged higher while expectations for the tariff-induced hyperinflation hysteria we have been told was inevitable.. plunged…
Source: Bloomberg
Respondents had a few key themes (but in each they were mixed about the outcomes):
Uncertainty
“Uncertainty” is the key word, and getting to a “new norm” so that business planning and forecasts can stabilize sooner than later is our hope as we look out six months.
Decision-making remains extremely difficult due to extreme tariff uncertainty.
I would say the uncertainty has decreased in the very short term (up to 90 days) based on the U.S.–China tariff rollback. However, it is hard to be certain of where we are heading next because the process has been so volatile.
Of course tariffs were a main topic of discussion:
Tariffs [are an issue affecting our business].
The tariff situation is controlling our business to date.
Tariffs are causing us many issues: increasing costs as we try to increase U.S. manufacturing, and the price of components has increased.
Forty-two percent tariffs on our product is much better than 157 percent. But it’s still 42 percent. It cuts into profits and sales.
Recession/Slowdown fears remain:
Business is still moderately slow.
We are still worried about immigration and its impact on employment. We are also concerned about an upcoming recession.
It appears the customer has remained strong, but my perception of the general economy has gone down. President Trump’s tariff fight will only worsen the world’s business activity.
It seems the ‘soft’ data slump is starting to catch up to ‘hard’ data reality…
Source: Bloomberg
…who could have seen that coming!!??
USA ECONOMIC NEWS
Japan’s Nippon Steel Nears U.S. Steel Acquisition In $55-Per-Share Deal
Tuesday, May 27, 2025 – 11:05 AM
Just days after President Trump announced his full backing on Truth Social for a partnership between Japan’s Nippon Steel and Pittsburgh-based U.S. Steel, CNBC’s David Faber reports the mega steel deal is expected to be announced soon.
According to sources cited by CNBC’s Faber, Nippon Steel will acquire U.S. Steel for $55 per share in a deal that keeps U.S. Steel’s headquarters in Pittsburgh. Nippon has pledged to invest $14 billion over the next 14 months to support the partnership.
NIPPON STEEL EXPECTED TO BUY US STEEL AT $55 PER SHARE: CNBC
Last Friday, Trump endorsed the deal on Truth Social, stating: “For many years, the name ‘United States Steel’ was synonymous with greatness—and now, it will be again. This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs and add $14 billion to the U.S. economy.”
While Trump initially criticized the deal, he has since warmed to it because it aligns with America First’s policy goals of bolstering domestic supply chains and revitalizing manufacturing.
Former President Biden blocked Nippon Steel’s acquisition of U.S. Steel on national security grounds, citing concerns that the deal could threaten critical domestic supply chains.
Sen. Dave McCormick (R-Penn.) told CNBC earlier that U.S. Steel will have an American CEO and that the majority of its board members will be based in the United States.
Great to be on @SquawkCNBC to talk about the U.S. Steel deal. This historic investment keeps U.S. Steel under American control, protects over 10,000 PA jobs, boosts domestic production, and creates thousands of new job opportunities. This is great for Pennsylvania and America. pic.twitter.com/tUc43ijuP1
— Senator Dave McCormick (@SenMcCormickPA) May 27, 2025
CNBC noted:
The $14 billion that Nippon will invest includes $2.4 billion that will go to U.S. Steel’s operations at Mon Valley outside Pittsburgh, McCormick said. The deal will save 10,000 jobs in Pennsylvania and add another 10,000 jobs in the building trades to add another arc furnace, the senator said.
“It’s a national security agreement that will be signed with the U.S. government,” McCormick said, adding, “There’ll be a golden share that will essentially require U.S. government approval of a number of the board members and that will allow the United States to ensure production levels aren’t cut.”
Nippon Steel is mulling giving the US government “golden shares” as a way to move forward with its acquisition of US Steel: Nikkei
In markets, U.S. Steel shares are up 1.5%, pushing into the upper end of the $52 range. More importantly, on a longer-term chart, the stock has broken above the key resistance level near $50—a price area that marked major peaks over a decade ago.
. . .
UNIVERSITY OF PENNSYLVANIA
Education Department Launches Investigation Into UPenn Over Foreign Donations
The University of Pennsylvania (UPenn) has come under federal investigation for “inaccurate and incomplete disclosures” of foreign funding.
The probe was launched by the U.S. Department of Education on May 8 after concerns that the school may be unduly influenced by foreign actors and follows a review of the school’s foreign reports, the department explained in a press release.
According to Section 117 of the Higher Education Act of 1965, universities that receive federal funding are required to disclose foreign donations valuing more than $250,000.
Acting General Counsel Tom Wheeler described UPenn’s compliance history with federal law as “troubling,” saying it had, in February 2019, failed to disclose any foreign funding whatsoever.
Wheeler also noted that the Biden administration did not enforce the law requiring disclosure.
“Although the previous Administration degraded the Department’s enforcement of universities’ legal obligations to disclose foreign gifts and contracts, the Trump Administration will vigorously uphold the law and ensure universities are transparent with their foreign gifts and investments,” Wheeler said in a statement.
Wheeler asserted that the Education Department’s Office of the General Counsel (OGC) will “thoroughly” investigate the school, requiring the administration to disclose all foreign funding dating back to Jan. 1, 2017, with the central aim of verifying the school’s disclosures.
“The American people and Congress have a right to know the impact of foreign funding on our universities, including some of our critically important research universities,” Wheeler said. “We hope the University of Pennsylvania will be cooperative and forthcoming in response to this investigation.”
The investigation into UPenn follows growing concerns that American universities have been influenced by the Chinese government.
A nonprofit organization called Open The Books published a report in January which found that public universities in the U.S. have received “tens of millions of dollars in contracts to China” that were not reported to the federal government.
“Over the past decade, American institutions began pouring money into counterproductive, divisive DEI infrastructure,” the report reads. “Meanwhile, China was spending to gain influence in American academia, accessing research and technology to advance their national interests.”
Harvard University alone received more than $1.4 billion in foreign funding over the past decade—including $150 million from China.
Additionally, an individual found to be affiliated with the Chinese Communist Party (CCP) attempted to gain access earlier this month to research at Stanford University by posing as a student.
END
HARVARD
Trump Admin Pauses All Student Visa Interviews, May Include Social Media Vetting: Report
Tuesday, May 27, 2025 – 12:25 PM
The Trump administration has paused all new interviews for foreign student visa applicants, and may institute social media vetting, according to a cable obtained by Politico.
In the Tuesday cable signed by Secretary of State Marco Rubio, the administration has ordered US embassies and consular sections to pause scheduling new interviews – a move that could severely slow down student visa processing, and hurt many universities such as Harvard which rely heavily on foreign students.
“Effective immediately, in preparation for an expansion of required social media screening and vetting, consular sections should not add any additional student or exchange visitor (F, M, and J) visa appointment capacity until further guidance is issued septel, which we anticipate in the coming days,” reads the cable. (“Septel” is short for “separate telegram.”)
According to the report, the administration has already imposed some social media screening requirements largely aimed at returning students who may have participated in protests against Israel’s actions in Gaza.
The administration has been trying to crack down on universities, especially elite ones such as Harvard, that it sees as too liberal and accuses of allowing antisemitism to flourish on their campuses. At the same time, it is carrying out immigration crackdowns that have swept up a number of students as well. -Politico
Earlier Tuesday, the NY Times reported that the Trump administration is set to cancel the federal government’s remaining federal contracts with Harvard University – worth some $100 million.
In a letter to the university, the administration instructs agencies to “find alternative vendors” for future services.
Contracts with about nine agencies would be affected, according to the administration official.
Examples of contracts that would be affected, according to a federal database, include a $49,858 National Institutes of Health contract to investigate the effects of coffee drinking and a $25,800 Homeland Security Department contract for senior executive training. Some of the Harvard contracts under review may have already been subject to “stop work” orders. -NY Times
“Going forward, we also encourage your agency to seek alternative vendors for future services where you had previously considered Harvard,” the letter states.
The latest cuts represent what one administration official told the outlet amounted to a ‘complete severance’ of the government’s longstanding business relationship with Harvard.
The Trump administration has demanded that universities reject students who are “hostile to American values.”
Harvard, meanwhile, has filed a lawsuit seeking the restoration of more than $3 billion in federal funding. In a separate lawsuit, the university has asked a federal court to reinstate its right to enroll international students – which Judge Allison D. Burroughs temporarily reinstated. A hearing on Thursday has been scheduled to determine whether the order should be extended.
SEATTLE
Seattle is growing nuts!
Christian Rally In Seattle Park Attacked By Violent Woke Mob
Sunday, May 25, 2025 – 07:35 AM
The year of 2020 was an unmitigated disaster for the US for numerous reasons. With so many chaotic events happening simultaneously, one can be forgiven if they have completely forgotten about the bizarre CHAZ/CHOP takeover of a section of Seattle by woke activists for around a month. The protest led to extensive violence and some deaths, but was widely supported by city officials. It was also a wellspring of hilarious memes as ignorant protesters tried in vain to establish a self sustaining progressive community complete with socialist garden spaces.
Seattle is one of the few leftist enclaves in the US still clinging to the old days of BLM and covid mandates, and they are back in the news again. This time because of an organized and violent mob attack on a peaceful Christian rally this week at Cal Anderson Park. The rally, held by a group called Mayday USA, spoke on pro-life issues and against transgender hormones and surgeries for children.
A group called “Radical Women Seattle” explained their protest of the event:
“Aimed to counter the well-funded anti-trans, anti-queer event that is led by far-right Christian activists. The Mayday USA rally in Seattle is provocatively being held in the heart of the Queer community. It is part of a 5-city national tour. Reactionary preacher and former Spokane Valley state representative Matt Shea, of the “On Fire Ministries,” is one of the prominent supporters…”
Freedom Socialist Party leader Doreen McGrath stated:
“We are encouraging everyone to come out and show their solidarity…Attacks of this kind need to be met with protest every time…”
In other words, a Christian group meeting in a public park is considered an “attack”.
By mid-day the mob engaged in a series of violent actions on the Christian rally, forcing police to intervene. At least 23 activists were arrested on charges of assault and obstruction.
Seattle — Antifa and Trantifa gathered to riot again at the site of the former CHAZ occupation, which led to people being killed in 2020. The May 24 riot was organized to violently shut down a Christian worship event. pic.twitter.com/7vzQAM6hJ6
After a decade of unhinged woke activism in the US most people are now well aware that the political left’s idea of “free speech” is highly one-sided. They believe that free speech laws give them the right to disrupt and even violently shut down other people’s free speech. They think that the 1st Amendment gives them the right to do whatever they want whenever they want. This is simply not reality.
Furthermore, the political left argues that the right to disrupt is supported by the content of their opponent’s speech. Meaning, if a person or group is presenting conservative or populist views (what they call “hate speech”), this justifies violence as a tool to shut that speech down.
This is a very convenient mindset because it allows them to rationalize any malicious tactic. All they have to do is label their enemies “fascists” and the rules of civil order go out the window. This is why leftists are unlikely to win a majority of elections at any point in the near future and it’s also why the American public is increasingly tempted to return the favor and visit violence on woke activists.
Far left Seattle Mayor Bruce Harrell warned against violence but also defended the mob. He called for an investigation into the permit process that allowed the Christian group to meet at Cal Anderson Park, as if Mayday USA was to blame, and suggested that the attacks were caused by “anarchists infiltrating the protest”.
“Seattle is proud of our reputation as a welcoming, inclusive city for LGBTQ+ communities, and we stand with our trans neighbors when they face bigotry and injustice. Today’s far-right rally was held here for this very reason – to provoke a reaction by promoting beliefs that are inherently opposed to our city’s values, in the heart of Seattle’s most prominent LGBTQ+ neighborhood…”
“Anarchists infiltrated the counter-protestors group and inspired violence, prompting SPD to make arrests and ask organizers to shut down the event early, which they did…”
“While there are broad First Amendment requirements around permitting events under free speech protections, I am directing the Parks Department to review all of the circumstances of this application to understand whether there were legal location alternatives or other adjustments that could have been pursued. The Police Department will complete an after-action report of this event, including understanding preparation, crowd management tactics, and review of arrests and citations…”
This kind of progressive political bias might have been in vogue in 2020, but that was five years ago. Harrell should consider his positions carefully; a lot has changed and the notion that only certain activist groups have rights to public spaces is no longer being tolerated. The era of BLM and Antifa is over and even Seattle is going to have to catch up with the times.
end
Fed-Employee Unions Up In Arms As House’s Big Beautiful Bill Targets Pension
Sunday, May 25, 2025 – 09:55 AM
Millions of federal employees are monitoring the progress of President Trump’s longed-for “Big Beautiful Bill,” as it contains provisions targeting their generous, taxpayer-subsidized pensions. The final version narrowly passed by the House of Representatives on Thursday morning pared back some of the elements of the proposal that came from the House Oversight and Reform Committee in April, and cut near-retirees some slack, but it retained provisions that have government unions shrieking.
First, here’s what’s been slashed from the Oversight Committee’s version that we reported on last month:
There’s no more increase in the pension premiums that longer-tenured feds would have had to contribute to the Federal Employee Retirement System (FERS). The original proposal would have made all employees pay 4.4% of their salary. The final House bill will allow those hired in 2013 to continue paying 3.1% and those hired earlier to keeping paying a paltry 0.8%; those hired in 2014 and after already pay 4.4%. (Below, we’ll detail a proposed change for new hires)
Pensions will continue to be calculated using the average of the employee’s highest three years of earnings. The Oversight version would have changed that to using an average of the highest five years.
However, a significant pension-reduction measure survived all the House horse-trading. Today, long-serving federal employees who retire with a full pension before Social Security age currently receive a supplemental payment on top of that calculated pension. The “FERS Annuity Supplement” is supposed to approximate their age-62 Social Security income attributable to their federal employment. The head-scratchingly lavish goal: Saving early retirees from having to make do with less total money than they’ll eventually rake in at age 62 — even though they’re fortunate enough to receive a full federal pension in the interim.
As recommended by the Oversight committee, the House reconciliation bill kills the FERS Annuity Supplement — however, the final version rolls back the effective date to Jan. 1, 2028, so as to avoid a last-minute change for feds who are on the brink of retirement. The language says any fed who is “entitled” to retire with a supplement on that date will hang on to their eligibility — apparently meaning there will be no incentive for them to rush to retire by the deadline. The bill keeps the supplement for employees subject to mandatory early retirement — mostly federal law enforcement and air traffic controllers.
The House bill also kept a major change that would present all new federal hires with a critical choice about the nature of their government employment. If they want their pension premium rate to be 4.4% (the rate currently paid by employees who entered service in 2014 or after), future hires would have to agree to become “at-will” employees. If they want to have civil service job protection, their pension-contribution rate would soar to 9.4%.
Republicans just snuck another harmful proposal into their tax package that would force federal employees to choose between paying more for their pensions or losing critical labor protections. You can count on me to vote against this blatant attack on working people. pic.twitter.com/vAT5JZ30UD
Government unions are screeching about that one. In a letter to House members, American Federation of Government Employees (AFGE) President Everett B. Kelley called the 9.4% rate “unaffordable” and said:
“This provision is an un-American, anti-union, morally bankrupt attempt to charge workers for exercising their basic rights…. If enacted, this change will lead to the eventual extinction of the merit-based, nonpartisan civil service, which is certainly its true purpose.”
Kelley also condemned the proposed eradication of the FERS Annuity Supplement, saying it would leave the average early-retiring employee with a pension that would lie “below the federal level for a family” — ignoring employees’ duty to put away their own savings to round out their retirement income. Note that feds have access to the government’s 401k-style Thrift Savings Plan, which has some very generous government-contribution provisions of its own.
The American Postal Workers Union (APWU) also cried out in pain, laying out a scenario that’s supposed to elicit empathy but which will be utterly unmoving to any private-sector citizen:
“If the FERS annuity supplement is eliminated, many postal workers aged 57 to 62 who are eligible to retire will have a choice — take less in retirement without this supplement or continue working years longer until they can collect Social Security.”
In other words, postal workers and other federal employees would have to make retirement decisions that more closely resemble the trade-offs faced by people who contribute to the economy — not counting, of course, their INFLATION-ADJUSTED PENSIONS kicking in while they’re in their fifties. We’ll have to wait and see if that rhetoric is persuasive in the Senate.
Given the GOP’s demonstrated disinterest in cutting spending, don’t be surprised if the AFGE and APWU get their way.
end
USA PHARMACEUTICAL PRICES VS SAME DRUGS IN EUROPE /CANADA, AUSTRALIA:
$67 In France And $798 In US – Why Prescription Drug Prices Are So High In America
Prescription drugs cost more in the United States than anywhere else in the world. President Donald Trump and some bipartisan senators want to change that.
Trump has so far issued several actions related to prescription drug prices. The latest, announced May 12, is a Most Favored Nation Prescription Drug policy, requiring pharmaceutical companies to offer their lowest price to U.S. customers.
An earlier order aimed to ensure that the middlemen in the drug supply chain can’t hold on to rebates provided by pharmaceutical companies and instead must pass savings on to Medicare beneficiaries.
In all, the president has taken at least a dozen actions to reduce prescription drug costs, while no less than nine Senate bills aim for the same results.
Some of these ideas have been introduced before.
Trump’s Most Favored Nation pricing plan was introduced near the end of his first term.
The plan was stalled by court challenges, and President Joe Biden dropped it shortly after taking office.
A plan to make vendors pass manufacturer discounts on to Medicare beneficiaries was proposed in 2020. Biden rescinded it before it took effect.
There have been modest successes, including a pilot program begun by Trump in 2020 to cap insulin costs for Medicare Part B beneficiaries at $35 per month. At the time, a single vial of insulin cost about $100 in the United States.
That program was a success, and the idea was later broadened to include all Medicare beneficiaries through the Inflation Reduction Act of 2022. By 2024, most major drug companies had voluntarily limited out-of-pocket expenses for insulin for all U.S. customers to $35.
Yet Americans still pay nearly three times as much for prescription medication as any peer nation, often even more.
Trulicity, a medication for Type 2 diabetics, was listed for $67 in France, according to a 2021 Government Accountability Report. In the United States, it cost $798.
Meanwhile, Remlivid, an oral cancer medication, was listed for $4,723 in Australia. In the United States, it was listed at almost five times that price: $22,048.
Why? One answer is that other governments leverage the power of their national health plans to control pricing, while the United States lacks a comprehensive national prescription drug strategy.
The solution, according to at least one senator, is to stop putting patches on a broken system and take a comprehensive approach to regulating the entire pharmaceutical supply chain.
How Others Do It
Some nations can negotiate low prices for prescription drugs because they have national health care plans, which gives them near complete control over the drug market. Here’s how that works for some, according to the Government Accountability Office.
Australia
Australia has a national health care system that is partly administered by state, territorial, and local governments.
Prescription drug pricing is set at the national level, starting with an assessment of the drug’s value. That assessment is made by Australia’s independent Pharmaceutical Benefits Advisory Committee, which evaluates new drugs for cost-effectiveness and may recommend them for inclusion on the list of approved medications under the national health plan.
That decision is made by Australia’s national minister of health, who then negotiates with the manufacturer to determine a price. Among other considerations, the health minister evaluates the impact of adding the drug on the country’s budget.
Canada
Canada keeps prescription prices low in two ways. First, Canada’s federal government sets a maximum allowable price for each medication. The government bases this price, in part, on the therapeutic value of the drug. That value may be higher if the drug is the first of its kind, or lower if there are similar drugs already on the market.
Second, the country’s 13 provincial and territorial health plans negotiate pricing jointly with manufacturers, combining the power of their respective markets.
France
France has a national health care system that includes prescription drugs.
The French government negotiates prices with manufacturers based on an assessment of the therapeutic value of the drug. The country also places a cap on total prescription spending.
The Drawbacks
These arrangements significantly lower prescription costs for the government and for patients. But there are drawbacks.
When a U.S. insurance company can’t negotiate an acceptable price from a drug manufacturer, the insurer may choose not to cover the drug. However, another company will often cover it, so patients still have options.
However, when a drug is omitted from a national health plan, it may be more difficult to find it or afford it anywhere in that country.
For example, Signifor, a drug used to treat hormonal diseases, was not available in Ontario, Canada, according to a 2021 study by the Government Accountability Office. Some forms of diabetes drug Trulicity were not available in Australia. Cancer medicine Revlimid 5 milligram and 10 milligram capsules were not available in France.
Or, drugs left off the national coverage list may still be available, but at a higher price.
Drug shortages are another problem.
In countries with national health plans, pharmaceutical companies have less incentive to ensure supply. Companies will favor markets where there is more potential for profit.
“[Drug] shortages are a natural outcome of imposing prices divorced from free market processes,” Jeremy Nighohossian, a senior fellow at the Competitive Enterprise Institute, a libertarian think tank, told The Epoch Times.
Stephen Ubl, president and CEO of Pharmaceutical Research and Manufacturers of America, said, “Importing foreign prices from socialist countries would be a bad deal for American patients and workers,” in a May 12 response to Trump’s plan.
Trump says talks with E.U. are ‘going nowhere,’ threatens 50% tariff in June – Friday eveming
Donald Trump Truth Social 05.23.25 05:43 AM EST: The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with.Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!
@realDonaldTrump on Friday: I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank you for your attention to this matter!
Trump after the close on Friday: “It’s time to play the game the way I know how to play the game. I’m not looking for a deal. We’ve set the deal – its at 50 percent.”
A top Federal Reserve official warned about the economic consequences of Trump’s new tariff threats, saying they were “really scary for the supply chain.” Austan Goolsbee (leftist), president of the Chicago Fed and a voting member of the Fed’s rate-setting committee this year, told CNBC that the tariffs could increase the risk of higher prices and lower growth, making the central bank’s job more difficult. Asked about the sharp rise in U.S. government bond yields, Goolsbee said the Fed would take into consideration rising borrowing costs, which may worsen any economic slowdown underway. https://www.nytimes.com/live/2025/05/23/us/trump-tariff-news
US Treasury Secretary Bessent: “I wouldn’t necessarily categorize this as a weak dollar, other countries’ currencies rising, the dollar is not falling.” (Bessent debased himself!)
More Bessent remarks on Friday morningNot Particularly Worried about What Market’s ThinkingTrump’s 50% Tariff Threat Is Response to EU’s Pace 9:20 ETWill Be Negotiating Again in Person with China 11:34 ETCould See Several Large Deals in Next Couple Weeks 11:34 ETNot Worried about US Debt Dynamics (BS!) 11:37 ETThere is a lot of resistance to government spending cuts. 11:40 ETHad above Average Tax Collections This Filing Season 11:46 ETHarvard Is a Giant Hedge Fund – BBG 11:50 ETTrump’s agenda is slowed by courts, Democrats 11:59 ET (blame Dems/courts for recession)Can get to GDP growth pretty quickly ESMs waffled between small gains and losses during Nikkei trading on Friday. After the 2 ET Chinese close, ESMs modestly expended the range of their sideways trading. They plunged after DJT’s tariff tirade at 7:18 ET. The sank until they hit a daily low of 5756.50 at 8:10 ET.
ESMs then rallied sharply, hitting 5843.75 at 14:14 ET. Late selling for the long weekend appeared (again), ESMs sank to 5810.50 at 16:00 ET.
Big Picture on BondsThe 38-year Grand Super Cycle Bull Market for Bonds ended on August 6, 2020, with the US 10-year hitting a low yield of 0.5019. Beaucoup Masters of the Universe got hammered on the way down. ‘Don’t confuse brains with a Grand Super Cycle Bull Market!’US bonds & notes have traded sideways since hitting a bottom on 10/23/23, 10-yr 5.0187%An A-B-C Rebound rally might have ended on 9/10/24, 10-year 3.6348%If the 10-year goes above 5%, the Big Bad Bear is reappearing. Is it a secular bear market for bonds or a Grand Super Cycle Bear Market? While analysts and pundits argue over whether it’s US deficit or Trump’s Tariffs that is weighing on US bonds, most ignore the fact that GLOBALLY bonds are in a bear market of some degree.
US 10, UK 10, JGB, EU 10 & German Bunds track together.
@Stocktwits: Back in 2018, 40-year Japanese government bonds were yielding just 0.25%. Even two years ago, the yield was only around 1.3% Today? They’ve surged past 3.5%—a record high https://t.co/QyiyskzQGx
GOP Senator Ron Johnson rips Trump’s “Big, Beautiful Bill“: “I couldn’t care less if he’s upset. I’m concerned about my children and grandchildren. $37 trillion in debt and we’re going to add to it? There is no way I’m going to vote for this bill in its current form.” https://x.com/theblaze/status/1925935660784922843
Positive aspects of previous session USMs closed +15/32. It could have been worse for equities. The S&P 500 low for Friday occurred seconds after the NYSE opening.
Negative aspects of previous session Trump Tariff angst has risen from the dead! August Gold closed +70.90
Ambiguous aspects of previous session When will May performance gaming commence?
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5799.91 Previous session S&P 500 Index High/Low: 5829.51; 5767.41
@Jkylebass: Xi Jinping’s daughter attended Harvard during the Obama administration—with U.S. assistance reportedly helping set up her apartment. The CCP has spent years infiltrating our academic institutions, and now that influence is fueling campus disruption and a surge of antisemitism.
US Homeland Security @DHSgov: Harvard is being held accountable for collaboration with the CCP, fostering violence, antisemitism, and pro-terrorist conduct from students on its campus.
Trump will not lose the fight with Harvard. There is no greater symbol of US elitism, smugness, and entitlement than Hahvahd.
Trump Threatens to Send Harvard Grant Money to Trade Schools – BBG on Monday (The US has a must greater need for tradesmen that Ivy Poli Sci and other liberal arts majors!)
@EricLDaugh: Big Trump NUCLEAR executive orders – Scale back regulations on nuclear energy – Quadruple US nuclear power over next 2.5 decades – Pilot program for 3 new experimental reactors by July 4th, 2026 – Invoke Defense Production Act to secure nuclear fuel supply in USA https://x.com/EricLDaugh/status/1925979559976919383
Bessent on Sunday: We’ve inherited a 6.7% deficit-to-GDP, the highest outside war or recession. Our focus is to grow the economy faster than the debt, that’s how we will stabilize debt-to-GDP. https://x.com/unusual_whales/status/1926669840275976557
@AFP: Iran on Monday ruled out suspending uranium enrichment as part of any nuclear deal with the United States — a key demand from Washington in successive rounds of talks between the foes.
@WSJ on Sun: Russia stepped up its attacks on Ukraine, killing at least 12 people in a second consecutive day of pounding strikes
The Mouth that Roared really screwed up by saying ‘he would end the Russia-Ukraine war on day one. Putin has been playing DJT for the past few months, believing that Trump craves a deal to end the war.
@realDonaldTrump: I’ve always had a very good relationship with Vladimir Putin of Russia, but something has happened to him. He has gone absolutely CRAZY!He is needlessly killing a lot of people, and I’m not just talking about soldiers. Missiles and drones are being shot into Cities in Ukraine, for no reason whatsoever. I’ve always said that he wants ALL of Ukraine, not just a piece of it, and maybe that’s proving to be right, but if he does, it will lead to the downfall of Russia! Likewise, President Zelenskyy is doing his Country no favors by talking the way he does. Everything out of his mouth causes problems, I don’t like it, and it better stop…
@SariArhoHavren: According to Rubio: “We have repeatedly warned the Russians that this is coming unless progress is made.” Led by Republican Senator Lindsey Graham, a close ally of Trump, a bill is now being prepared for new sanctions and high tariffs, which would mean such massive restrictions on Russia’s most important oil trading countries – China, India and Iran – that it would be a disaster for Russia if implemented. According to CREA, China, Turkey, Brazil, and India are the largest importers of Russian oil products. If implemented, the bill would mean that countries would be forced to choose between Russian energy and the US market.
German Chancellor Merz Gives Ukraine Green Light to Stike Deep Inside Russia – BBG Monday “That means Ukraine can defend itself by attacking military positions also in Russia…” Ukraine’s allies are trying to intensify pressure on the Kremlin after Moscow unleashed its biggest drone barrage against Ukraine since the full-scale invasion three years ago…
$67 in France and $798 in US – Why Prescription Drug Prices Are So High in America Some nations can negotiate low prices for prescription drugs because they have national health care plans, which gives them near complete control over the drug market… https://t.co/59tDSOvjnj
US National Healthcare Expenditures: 17.6% of Gross Domestic Product (GDP). Medicare spending grew 8.1% to $1,029.8 billion in 2023, or 21 percent of total NHE. Medicaid spending grew 7.9% to $871.7 billion in 2023, or 18 percent of total NHE. Private health insurance spending grew 11.5% to $1,464.6 billion in 2023, or 30 percent of total NHE. Out of pocket spending grew 7.2% to $505.7 billion in 2023, or 10 percent of total NHE… https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet
EU Chief on Sunday: Ursula von der Leyen (@vonderleyen) on Sunday: Good call with @POTUS. The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9.
On Sunday night, Trump agreed to delay 50% tariffs on the EU until the 9th of July.
Markets on Monday: European bourses, except the FTSE (-0.24%) rallied smartly on DJT’s EU tariff retreat. Nikkei +1.0%, Hang Seng -1.35%, CSI -0.57%, Shanghai Comp -0.5%, Shenzhen Comp +0.17%
Today – We wrote over a week ago, that the window for equities to decline/retrench would be last week. Beaucoup big hedge funds, traders, and investors missed the massive equity rally in May. So, ‘they’ need to embellish May performance this week. When will the manipulation begin?
Another huge reason for traders to be bullish on Fangs/Mag 7: Nvidia reports results tomorrow. Traders usually want to long into NVDA results.
US markets must adjust to the global rally on Monday due to DJT’s retreat on EU tariffs.
ESMs are +61.00; NQMs are +249.50; and USMs are +6/32 at 20:17 ET.
Expected Economic Data: Apr Durable Goods -7.8% m/m, Ex-Trans 0.0%, Nondef Ex-Air 0.1%, Shipments -0.1%; March S&P CoreLogic 20-city home prices 0.2% m/m & 4.5% y/y; May Conference Board Consumer Confidence 87.1; May Dallas Fed Mfg. Actitivy -23.1; Minn Fed Pres Kashkari 4 ET
S&P Index 50-day MA: 5585; 100-day MA: 5766; 150-day MA: 5825; 200-day MA: 5773 DJIA 50-day MA: 40,038; 100-day MA: 42,271; 150-day MA: 42,674; 200-day MA: 42,347 (Green is positive slope; Red is negative slope)
S&P 500 Index (5802.82 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender is positive; MACD is negative – a close below 5447.29 triggers a buy signal Weekly: Trender is negative; MACD is positive – a close above 5987.57 triggers a buy signal Daily: Trender and MACD are positive – a close below 5758.34 triggers a sell signal Hourly: Trender and MACD are negative – a close above 5869.24 triggers a buy signal
Trump Media Group Plans to Raise $3BN to Spend on Cryptocurrencies – FT
Trump and his family have a huge conflict of interest in DJT’s incessant carnival barking for cryptos.
Who Won a Seat at Trump’s Crypto Dinner? – The New York Times reviewed a guest list and social media posts to identify who was invited to President Trump’s private event for customers of his cryptocurrency business on Thursday and a White House tour on Friday… They were identified only by the pseudonyms hey used on the electronic wallets where they kept their $TRUMP memecoins. Most had gained an invitation by becoming one of the top 220 holders of that memecoin over a certain period… Justin Sun, a Chinese crypto billionaire who was sued by the Securities and Exchange Commission under President Joseph R. Biden Jr. for allegedly inflating the value of a cryptocurrency… Cheng Lu, 32, a crypto investor from Shanghai…https://www.nytimes.com/2025/05/23/us/politics/trump-crypto-dinner-attendees.html
WH Deputy COS @StephenM: The justice system moves slowly for Americans, at light speed for aliens.Here a communist judgehas created a constitutional right for foreign nationals, living in foreign countries, to be admitted to American universities funded by American tax dollars.
Turley: The justices must at long last deal with ‘chronic injunctivitis’ Justices have only worsened the condition with conflicting and at times incomprehensible opinions… For presidents, you have to effectively sweep the district courts 677-to-0 if you want to be able to carry out controversial measures. Any one judge can halt the entire government… Under President Barack Obama, Justice Elena Kagan expressed outrage over the injunctions in public comments at Northwestern University School of Law. Kagan lashed out at the obvious “forum shopping” by then conservative advocates to get before favorable courts, insisting “It just cannot be right that one district judge can stop a nationwide policy in its tracks and leave it stopped for the years it takes to go through the normal [appellate] process.”… However, in her dissent, Justice Ketanji Brown Jackson (who has favored the injunctions in the Trump cases) stressed that there was no need for an injunction here because there were no “significant legislative votes scheduled in the upcoming weeks” or where Libby’s lack of a vote would “impact the outcome.” It again left many scratching their heads on what Jackson would consider a “significant vote.”… (Jackson isn’t qualified for Traffic Court!) These different approaches only deepen the uncertainly over the standards for lower courts… For the Supreme Court, it has become madness, as emergency motions pile up every morning after executive programs are frozen overnight… https://thehill.com/opinion/judiciary/5316962-supreme-court-chronic-injunctions/
Former Kennedy Center President Decries Trump Team’s “Malicious Attempt to Distort The Facts” About Finances During Her Tenure – Grenell said that the new CFO of the Kennedy Center, Donna Arduin, went through the budgets from 2024 and 2025 and found $26 million in “phantom revenue.” “It’s criminal,” Grenell said, adding that they would refer the matter to the U.S. Attorney’s Office… https://deadline.com/2025/05/trump-kennedy-center-fraud-investigation-1236406589/
Trump at West Point commencement on Saturday: “The job of the US Armed Forces is not to host drag shows, to transform foreign cultures, or to spread democracy … at the point of a gun. The military’s job is to dominate any foe and annihilate any threat to America — ANYWHERE, ANY TIME, and ANY PLACE.”https://x.com/RapidResponse47/status/1926319575303328141 “We are a merit-based country again… promotions and appointment will NOT be based on politics or identity. They’ll be based on merit. We won that case in the Supreme Court of the United States…” https://x.com/RealAmVoice/status/1926320602178048233
Elon Musk: “You’re clearly seeing a massive increase in the number of attacks… in Europe. And the legacy media downplays these attacks. But the attacks, the terrorism, the killing of innocent people is rising. Every week, there’s more.” https://x.com/DOGE__news/status/1926352498958508495
@NBCNews: A U.S.-born citizen who was wrestled into the dirt, handcuffed and detained in a vehicle as part of an immigration raid had a REAL ID on him that was dismissed as fake, the man’s cousin said… Asst HHS Secretary @TriciaOhio: No. During a targeted worksite operation, the individual in question attempted to obstruct & prevent the lawful arrest of an illegal alien. He physically got in between agents and the subject they were attempting to arrest, refusing to comply with verbal commands.
Dr. Stella Immanuel MD @stella_immanuel: 79.4% of babies who die of SIDS had a vaccine the same day. But the study says nothing to see here. The CDC says nothing to see here. SMH. https://pubmed.ncbi.nlm.nih.gov/26021988/
@toobaffled: “This is Nuremberg trial stuff.”Oncologist Dr. Angus Dalgleish: “These were not vaccines. These were horrible gene therapies that could actually integrate into your genome.” “And this is one of the reasons we’re seeing this horrendous rise in turbo cancers.” “I am terrified about what they have done to our children.” “They were never, ever effective… and they were never, ever safe.” https://x.com/toobaffled/status/1926539607878852966
@EYakoby: Court documents have revealed that the only reason Elias Rodriguez did not murder more people is because his gun got jammed. Make no mistake: This was an act of pro-Palestinian terrorism in our nation’s capital.https://x.com/EYakoby/status/1925680091645804595
Deputy FBI Director @FBIDDBongino: Shortly after swearing in, the Director and I evaluated a number of cases of potential public corruption that have garnered public interest. We made the decision to either re-open, or push additional resources and investigative attention, to these cases. These cases are the DC pipe bombing investigation, the cocaine discovery at the prior administration’s White House, and the leak of the Supreme Court Dobbs case…
@ChicagoContrar1: This is absolutely hilarious. CPD estimated only 100 turned out at Federal Plaza to protest against Trump’s EO… (Most are old timers, probably paid to protest, like other recent events!) https://x.com/ChicagoContrar1/status/1926763435657724355
@Carlos__Turcios: DALLAS BLM TURNOUT – The anti-police BLM rally—organized by Dominique Alexander, defender of Austin Metcalf’s murderer—had LESS THAN 40 people show up! George Floyd was a violent criminal. BLM is LOSING SUPPORT EVERYWHERE! https://t.co/gsShM9ZzN4
@realDonaldTrump: HAPPY MEMORIAL DAY TO ALL, INCLUDING THE SCUM THAT SPENT THE LAST FOUR YEARS TRYING TO DESTROY OUR COUNTRY THROUGH WARPED RADICAL LEFT MINDS, WHO ALLOWED 21,000,000 MILLION PEOPLE TO ILLEGALLY ENTER OUR COUNTRY, MANY OF THEM BEING CRIMINALS AND THE MENTALLY INSANE,THROUGH AN OPEN BORDER THAT ONLY AN INCOMPETENT PRESIDENT WOULD APPROVE, AND THROUGH JUDGES WHO ARE ON A MISSION TO KEEP MURDERERS, DRUG DEALERS, RAPISTS, GANG MEMBERS, AND RELEASED PRISONERS FROM ALL OVER THE WORLD, IN OUR COUNTRY SO THEY CAN ROB, MURDER, AND RAPE AGAIN — ALL PROTECTED BY THESE USA HATING JUDGES WHO SUFFER FROM AN IDEOLOGY THAT IS SICK, AND VERY DANGEROUS… HOPEFULLY THE UNITED STATES SUPREME COURT, AND OTHER GOOD AND COMPASSIONATE JUDGES THROUGHOUT THE LAND, WILL SAVE US FROM THE DECISIONS OF THE MONSTERS WHO WANT OUR COUNTRY TO GO TO HELL…
In 1943, the Communist Party USA—aligned with Soviet interests—issued guidance to discredit political opponents by labelling them “Nazi fascists.” This directive was outlined in The Communist, the official publication of CPUSA… https://www.instagram.com/reel/DJJvFa-NRHm/
SWAMP STORIES TONIGHT
BIS/TUCKER CARLSON
(344) The Most Powerful Bank in the World? – YouTube Why? Do people know that the Federal Reserve owns a 1/3 of this group. When you realize this you will understand that the game is a fixed odds play.
Journalist Alex Newman, author of the popular book “Deep State” and the recent best-selling book called “Indoctrinating Our Children to Death,” is warning people to pay attention to the genocide of white farmers in South Africa. What is happening there is something the Deep State wants to take global in their tyrannical takeover of all life and property on Earth. Newman, who once lived in South Africa, warns, “What’s happening down there to them is a microcosm, and that’s what they have planned for you, your country, your family and what’s left of the Christian West. . . . What I have documented (in 2012) very clearly and very unambiguously is this racist, murderous, communist program taking place in South Africa was backed by the highest levels of Deep State power. This includes the Council on Foreign Relations (CFR), the US State Department, including their allies and partners in Great Britian, and they all knew the Soviet Union was behind this and other communist governments were behind this. This is a monstrosity piled on a monstrosity and, again, what they are doing to the Afrikaners (white farmers) now, they plan to do to you as soon as they get the opportunity. Instead of amalgamating all these nations under a South African government, they want to amalgamate all these nations under a one world system. Barack Obama has said over and over again that he was inspired to get into politics because of what they were doing in South Africa. This all comes together here–and you are next. That’s why it’s important to watch what is happening in South Africa.”
What are the tools the Deep State uses to gain total control? Look no further than the new global UN pandemic treaty and the huge push for climate change laws to give control to a few people at the top. Let’s start with the recently passed UN pandemic treaty, which President Trump cancelled for America. Newman says, “They have a clause about ‘misinformation,’ which means you can’t speak out or ask questions about what injections they demand you and your children take. It’s got digital infrastructure . . . . So, they will track everything, which will pave the way for international vaccine passports. . . . It gives exemptions (to drug makers) and fast tracks the same outrageous process that we have seen before in emergency use authorization (EUA). That is whatever crazy concoction they come up with and then tell us all what we need. It is everything that was wrong with Covid on steroids enshrined into international law.”
The Climate Change hoax is equally disturbing. Newman says, “It’s not just our wealth that they are taking. They are taking from us our ability to produce wealth. This dawned on me in Paris. I was at the climate summit there around 2015. You had Barack Obama pledging to slash American CO2 emissions by a third over the next decade. This is essentially chopping American economic activity down. Meanwhile, the Communist Chinese were pledging they were going to keep increasing their CO2 emissions. To their credit, they absolutely lived up to that. . .. So, what happened was as we were shutting down our power plants and stopping energy production in this country . . . this was making manufacturing and business uncompetitive if you were operating in a global market. You could not continue doing business in the United States with energy prices skyrocketing while energy prices in China were stable or going down. They hollowed out our productive capacity and moved it over to Communist China under the scam of ‘Saving the Climate’. . .. That’s what is going on here, and Trump got us out of this whole thing. You cannot overstate the significance of this.”
Newman fears America is much closer to a violent takeover attempt by the Deep State. Newman says, “The Leftists, the totalitarians, the people that want to do to us what they are doing to the South Africans right now want a civil war in this country. A lot of people on our side don’t see this. . .. They don’t realize very dangerous forces are being unleashed across our country. They are preparing for an uprising, a violent revolution and violence in the streets. They are deliberately trying to do this. . .. We just saw this guy shooting a couple of embassy workers, and I think this is just the beginning for what they are preparing. They brought in special operators from Communist China. They brought in intelligence assets and gangsters from Venezuela and Cuba. They are preparing to stir up domestic conflict that we have never seen before. . .. I think we are in very grave danger as a nation, and I don’t say this to scare anybody. The Lord does not give us the spirit of fear. I say this so we can understand it and prepare better for it and, hopefully, prevent it. . .. Sun Tzu, the Chinese military expert, said, ‘If you know yourself and you know your enemy, you are going to win every battle.’ We have to have a good understanding of the enemy, or we are not going to win.”
There is much more in the 50-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with hard-hitting journalist Alex Newman, founder of LibertySentinel.org and author of the runaway best-selling book called “Indoctrinating Our Children to Death,”for 5.24.25.
After the Interview:
Newman’s website is called LibertySentinel.org. There is lots of free information and articles.
Supreme Court Gives Trump Unprecedented Power to Fire Regulators – EVOL
harveyorganblog.com 
