GOLD CLOSED DOWN $11.80 TO $3,322.40
SILVER CLOSED DOWN $0.14 TO $36.56
GOLD ACCESS CLOSED $3333/00
Silver ACCESS CLOSED: $36.57
Bitcoin morning price:$110,160 UP 616 DOLLARS.
Bitcoin: afternoon price: $108,730 UP 2046 DOLLARS
Platinum price closing UP $3.55 TO $1216.80
Palladium price; DOWN $13.60 TO $1065.80
END
*CANADIAN GOLD: $4,561.21 UP 7.17 CDN dollars per oz( * NEW ALL TIME HIGH $4735.70 CDN DOLLARS PER OZ//APRIL 21 2025)
*BRITISH GOLD: 2468.12 UP 13.80 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,566.50 BRITISH POUNDS/OZ) MAY 6/2025
*EURO GOLD: 2915.64 UP 2.38 Euros per oz //* (ALL TIME CLOSING HIGH: 3018.80 EUROS PER OZ/ APRIL 21 //2025)
DONATE
EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: JUNE 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 3,332.100000000 USD
INTENT DATE: 06/09/2025 DELIVERY DATE: 06/11/2025
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 4
099 H DEUTSCHE BANK AG 296
104 C MIZUHO SECURITIES US 2
118 H MACQUARIE FUTURES US 255
132 C SG AMERICAS 8
180 H NOMURA SECURITIES 5
190 H BMO CAPITAL MARKETS 37
323 C HSBC 106
332 H STANDARD CHARTERED B 89
363 H WELLS FARGO SECURITI 126
435 H SCOTIA CAPITAL (USA) 15
523 C INTERACTIVE BROKERS 1
555 C BNP PARIBAS SEC CORP 14
624 H BOFA SECURITIES 18
661 C JP MORGAN SECURITIES 3 543
690 C ABN AMRO CLR USA LLC 12
709 C BARCLAYS 1087
905 C ADM 9 7
991 H CME 125
TOTAL: 1,381 1,381
MONTH TO DATE: 22,975
JPMORGAN STOPPED 543/1381
JUNE
GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024: 1381 CONTRACTs NOTICES FOR 138,100 OZ or 4.295 TONNES
total notices so far: 22,975 contracts for 2,297,500 OR 71,462 tonnes)
FOR JUNE
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SILVER NOTICES: 26 NOTICE(S) FILED FOR 130,000 OZ/
total number of notices filed so far this month : 2908 CONTRACTS (NOTICES) for 14.540 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 $11.80 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.02 TONNES OF GOLD FROM THE GLD
INVENTORY RESTS AT 936.22 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.14 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: //A WITHDRAWAL OF 1.682 MILLION OZ OUT OF THE SLV// THIS IS GOING TO BE A HUGE DERIVATIVE MESS
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 471.232 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUGE SIZED 1038 CONTRACTS TO 174,425 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE GAIN OF $0.69 IN SILVER PRICING AT THE COMEX WITH RESPECT TO MONDAY’S TRADING AND WE FINALLY HAVE THE PIERCING OF $34.40 TO 34.50 SILVER PRICE BARRIER. WE HAD A HUGE SIZED GAIN OF 2108 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A 1070 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD LITTLE LIQUIDATION OF T.A.S. CONTRACTS COMEX TRADING WITH RESPECT TO MONDAY’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 MONDAY WITH SILVER’S HUGE GAIN IN PRICE, MONDAY THE PRICE FINISHED MILES ABOVE THE MAGIC NUMBER OF $34.40 SILVER SPOT PRICE CLOSING AT $36.72. . BUT THIS WAS COUPLED WITH ANOTHER MEGA MEGA HUGE T.A.S. ISSUANCE OF 4442 CONTRACTS ISSUED BY THE CME AND THAT SIGNALS DEEP CODE RED THAT THE CROOKS ARE DESPERATE TO STOP SILVER BREAKING WELL ABOVE THE 34.40 DOLLAR MARK!!. THE NEXT LINE IN THE SAND IS THE ORIGINAL HIGH POINT OF 50.00 DOLLAR SILVER. WE HAD A HUGE 1070 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR MEGA MEGA HUGE 4442 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN TUESDAY’S TRADING/ AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUGE SIZED 2108 CONTRACTS ON OUR TWO EXCHANGES WITH OUR HUGE GAIN IN PRICE OF $0.69.
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 WERE 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 LAST WEEK’S TRADING ON SILVER AND NOW TODAY AS SILVER PRICE ROCKETED PAST THE $34.40 BARRIER! . THE PRICE OF SILVER FINISHED TRADING AT $36.02 AS WE WILL NOW HEAD FOR THE ALL TIME HIGH OF $50.00
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 MONDAY NIGHT/TUESDAY MORNING: A HUGE 4442 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. THUS EXPECT TO HAVE 3 MORE HUGE TA.S. ISSUANCES IF THEY FOLLOW THE SAME MODUS OPERANDI IN PREVIOUS GOLD ISSUANCES.
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 $0.69) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A HUGE GAIN OF 2272 CONTRACTS ON OUR TWO EXCHANGES.
WE HAD A 1070 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 9.90 MILLION OZ FOLLOWED BY TODAY’S 120,000 OZ QUEUE JUMP//NEW TOTAL STANDING ADVANCES TO 15.005 MILLION OZ!!
THUS:
INITIAL STANDING FOR JUNE: 9.90 MILLION OZ PLUS TODAY’S 120,000 OZ QUEUE JUMP = 15.005 MILLION OZ.
WE HAD:
/ HUGE COMEX OI GAIN+// A 1070 SIZED EFP ISSUANCE (/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 4442 CONTRACTS)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED A SMALL 164 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JUNE. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAY
TOTAL CONTRACTS for 7 DAY(S), total 6123 contracts: OR 30.615 MILLION OZ (874 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 30.615 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: 28.975 MILLION OZ (ISSUANCE WILL BE QUITE SMALL THIS MONTH)
JUNE: 30.615 MILLION OZ (NOTICE EFP ISSUANCE GETTING SMALLER AND SMALLER AS CENTRAL BANKS EXERCISE THESE AND TAKE DELIVERY)
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RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1038 CONTRACTS WITH OUR HUGE GAIN IN PRICE OF $0.69 IN SILVER PRICING AT THE COMEX// FRIDAY.,. . THE CME NOTIFIED US THAT WE HAD A 378 CONTRACT EFP ISSUANCE CONTRACTS: 378 ISSUED FOR JULY AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.
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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 MAY:
NEW STANDING FOR MAY REDUCES TO: 75.615 MILLION OZ. (INCLUDES 5,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ EXCHANGE FOR RISK ISSUANCE/PRIOR.//NEW TOTAL STANDING 88.540 MILLION OZ
AND NOW JUNE: INITIAL 9.90 MILLION OZ PLUS 0.120 MILLION OZ QUEUE JUMP = 15.005 MILLION OZ
THE NEW TAS ISSUANCE FRIDAY NIGHT (4442 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND FOR SURE TODAY’S TRADING (MONDAY TRADING) AND BEYOND.
WE HAD 26 NOTICE(S) FILED TODAY FOR 130,000 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 1469 OI CONTRACTS TO 414,493 AND FURTHER FROM 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 AN EXTREMELY 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 SMALL 218 CONTRACTS //.
WE HAD A FAIR SIZED DECREASE IN COMEX OI (1469 CONTRACTS) . THIS OCCURRED DESPITE OUR GAIN OF $10.00 IN PRICE// MONDAY///.
MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
FINAL 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 80.644 TONNES. THUS STANDING FOR MAY INCREASES TO 90.235 TONNES OF GOLD
JUNE CONTRACT MONTH
/ WE HAD A $10.00 LOSS IN PRICE WITH RESPECT TO MONDAY’S COMEX ///. WE HAD A SMALL SIZED LOSS OF 596 OI CONTRACTS (1.833 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 SMALLER THAN EXPECTED INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY FOR THE JUNE CONTRACT MONTH….. A SMALLISH 62.534 TONNES TO WHICH WE ADD TODAY’S SMALL .034 TONNES OF A QUEUE JUMP //NEW STANDING ADVANCES TO 72.998 TONNES!!. 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 SMALL SIZED 873 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 414,493/NOW AT THE LOW END OF THE SCALE DESPITE THE HIGH PRICE OF GOLD!!
SILVER ALSO HAS A LOW COMEX OI OF 174,425 CONTRACTS BUT GAINING RAPIDLY!!
IN ESSENCE WE HAVE A SMALL SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 596 CONTRACTS WITH 1038 CONTRACTS DECREASED AT THE COMEX// AND A SMALL SIZED 873 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 596 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED AND CRIMINAL 1309 CONTRACTS
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT(873) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 1038 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 596 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) WEAK INITIAL STANDING FOR GOLD FOR JUNE AT 62.524TONNES FOLLOWED BY TODAY’S SMALL 0.1835 TONNES EFP TRANSFER TO LONDON //NEW STANDING REDUCES TO 72.814 TONNES./
NEW STANDING FOR GOLD, JUNE CONTRACT AT 72.814 TONNES OF GOLD.
.
/ 3) SOME T.A.S. LIQUIDATION , AS WE HAD 1)A $10.00 COMEX PRICE LOSS.. WE HAD 2) TINY NET LONG SPECS BEING CLIPPED WITH THAT GAIN IN PRICE AS WE HAD A TINY LOSS OF 596 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 BUT SMALLER FOR JUNE!
4) FAIR SIZED COMEX OI LOSS// 5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER (873 CONTRACTS)/// FAIR T.A.S. ISSUANCE: 1309 T.A.S.CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2025 INCLUDING TODAY
JUNE INITIAL
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JUNE :
TOTAL EFP CONTRACTS ISSUED: 11,886 CONTRACTS OR 1,188,600 OZ OR 36.97 TONNES IN 7 TRADING DAY(S) AND THUS AVERAGING: 1698 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 7 TRADING DAY(S) IN TONNES 36.97 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 36.97 TONNES DIVIDED BY 3550 x 100% TONNES = 1.041% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
2024 AND 2025:
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STILL A SMALL TO FAIR ISSUANCE FOR THE MONTH.
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 36.97 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
SPREADING OPERATIONS
NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF APRIL. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A HUGE SIZED 1038 CONTRACTS OI TO 174,425 AND CLOSER TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 1070 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
JULY 1070 and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 378 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 1202 CONTRACTS AND ADD TO THE 1070 E.FP. ISSUED
WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 2108 CONTRACTS WITH THE GAIN IN PRICE OF $0.69 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 10.540 MILLION PAPER OZ
OCCURRED WITH OUR $0.69 GAIN IN PRICE.
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENT
Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
ASIAN MARKETS THIS MORNING:
SHANGHAI CLOSED DOWN 14.95 PTS OR 0.44%
//Hang Seng CLOSED DOWN 72.56 PTS OR 0.30%
// Nikkei CLOSED UP 123.94 PTS OR 0.32% //Australia’s all ordinaries CLOSED UP 0.81%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1901 OFFSHORE CLOSED DOWN AT 7.1925/ Oil UP TO 65.38 dollars per barrel for WTI and BRENT UP TO 67.03 Stocks in Europe OPENED MOSTLY RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN TRADING AT 7.1901 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1925 AGAINST US DOLLAR/ AND THUS WEAKER
END
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED 1469 CONTRACTS TO A STILL LOW NUMBER OF 414,493 OI DESPITE OUR GAIN IN PRICE OF $10.00 WITH RESPECT TO MONDAY’S // TRADING. WE LOST ZERO NUMBER OF NET LONGS WITH THAT PRICE LOSS FOR GOLD. AND AS YOU WILL SEE BELOW, OUR LOSS IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (873 ). WE HAD CONSIDERABLE T.A.S. LIQUIDATION WHICH ACCOUNTS FOR THE PRICE GAIN.
THE CME ANNOUNCED MONDAY NIGHT, A ZERO EXCHANGE FOR RISK CONTRACT ISSUANCE FOR 0 OZ OR NIL TONNES. TOTAL ISSUANCE FOR MAY WAS RECORDED AT 9.591 TONNES OF GOLD AND THIS TOTAL WAS 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 FIVE 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.
IN MAY:
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//NEW TOTAL EX FOR RISK IS 9.591 TONNES FOR THE 3 ISSUANCE!
IN JUNE
JUNE: ZERO ISSUED SO FAR!!
DETAILS ON JUNE COMEX MONTH//INITIAL
IN TOTAL WE HAD A SMALL SIZED LOSS ON OUR TWO EXCHANGES OF 596 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 MAY, AND JUNE 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 HOWEVER IS FAIR AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 1309 T.A.S.
THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS(ALONG WITH MONTH END SPREADERS) 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 WITH FINAL STANDING AT 90.23 TONNES. HOWEVER JUNE WHICH IS NORMALLY A HUGE DELIVERY MONTH , INITIAL STANDING IS RECORDED AT 62.534 TONNES PLUS TODAY’S 0.1835 TONNES EFP TRANSDFER TO LONDON = 72.814 TONNES. (IS THE COMEX RUNNING OUT OF GOLD?)//TOTAL QUEUE JUMPING FOR THE MONTH FOR THE MONTH: 10.4668 TONNES. OR NET QUEUE JUMPING: 10.2833 TONNES
NEW TOTAL TONNES STANDING JUNE: 72.814 TONNES
THE FED IS THE OTHER MAJOR SHORT OF AROUND 32+ 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 225 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 SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A SMALL SIZED 873 EFP CONTRACT WAS ISSUED: : /AUGUST 873 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 873 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 :
- CONSIDERABLE LIQUIDATION OF OUR T.A.S. SPREADERS
- ZERO NET SPEC LIQUIDATION DESPITE OUR HUGE LOSS 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 TUESDAY MORNING//MONDAY NIGHT WAS A FAIR SIZED, 1309 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 MAY AND JUNE
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.THIS WAS SURELY IN EVIDENCE IN TRADING THURSDAY WITH THE LOSS IN PRICE!
STANDING LAST 6 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: FINAL STANDING 90.235 TONNES WHICH INCLUDES QUEUE JUMPING AND 9.591 TONNES EX FOR RISK.
JUNE: INITITAL STANDING 62.534 TONNES PLUS 10.4668 TONNES OF TOTAL QUEUE JUMP MINUS TODAY’S SMALL .1825 EFP TRANSFER TO LONDON = 72.814 TONNES (0 EX FOR RISK)
THIS IS CENTRAL BANKS STANDING FOR PHYSICAL GOLD!!
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HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 52 MONTHS OF 2021-2025:
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:STANDING FOR GOLD/COMEX
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING/JUNE CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $10.00/ /) AND THEY WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A SMALL SIZED LOSS IN OI FROM TWO EXCHANGES. AND AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION ////MONDAY 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
TUESDAY MORNINGMONIDAY 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 MONDAY EVENING/TUESDAY 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 /JUNE 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.
JUNE ISSUANCE: SO FAR ZERO
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ANALYSIS JUNE DELIVERY MONTH GOING FROM FIRST DAY NOTICE// JUNE COMEX CONTRACT
WE HAVE LOST A SMALL SIZED TOTAL OF 1.833 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JUNE FIRST RECORDED AT 62.534 TONNES ON FIRST DAY NOTICE/MAY 30. TO THIS WE SUBTRACT MONDAY NIGHT’S SMALL EFP TRANSFER TO LONDON OF 5900 OZ OR 0.1835 TONNES OF GOLD//NEW STANDING FOR JUNE GOLD REDUCES TO 72.814.
ALL OF THIS QUITE SMALL STANDING FOR JUNE WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $10.00
WE HAD A STRONG XXXX CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL.
NET LOSS ON THE TWO EXCHANGES 596 CONTRACTS OR 59,600 0Z (1.833 TONNES)
confirmed volume MONDAY 153,269. contracts: poor volume////
//speculators have left the gold arena
END
JUNE
INITIAL
JUNE CONTRACT MONTH
JUNE 10/2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1 ENTRIES i) Out of Asahi 168,952.241 oz total withdrawal weight 168,952.241 oz or 5.255 tonnes . |
| Deposit to the Dealer Inventory in oz | 0 ENTRIES |
| Deposits to the Customer Inventory, in oz | we have 0 customer entries xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 1381 notice(s) 138,100 OZ 4.295 TONNES |
| No of oz to be served (notices) | 435 contracts 43,500 OZ 1.3530 TONNES |
| Total monthly oz gold served (contracts) so far this month | 22,975 notices 2,297,500 oz 71.462 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
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DEPOSITS/CUSTOMER
we have 0 customer entries
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withdrawals:
1 ENTRIES
i) Out of Asahi 168,952.241 oz
total withdrawal weight 168,952.241 oz or 5.255 tonnes
adjustments: 0//
AMOUNT OF GOLD STANDING FOR JUNE
THE FRONT MONTH OF JUNE STANDS AT 1816 CONTRACTS FOR A LOSS OF 144 CONTRACTS. WE HAD 85 CONTRACTS SERVED ON MONDAY SO WE LOST 59 CONTRACTS FOR 5900 OZ OR 0.1835 TONNES OF GOLD UNDERWENT AN EFP TRANSFER TO LONDON WHERE THESE BOYS DECIDED TO TAKE IMMEDIATE DELIVERY ON THERE SIDE OF THE POND. THIS TOTAL WILL BE SUBTRACTED TO OUR INITIAL AMOUNT OF GOLD STANDING AT 62.534 TONNES//NEW STANDING REDUCES TO 72.8145 TONNES
JULY GAINED 32 CONTRACTS TO STAND AT 6706
AUGUST LOST 3313 CONTRACTS DOWN TO 316,141
We had 85 contracts filed for today representing 8500 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 3 notices issued from their client or customer account. The total of all issuance by all participants equate to 1381 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 543 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JUNE /2025. contract month, we take the total number of notices filed so far for the month (22,297,500 X 100 oz ) to which we add the difference between the open interest for the front month of JUNE (1816 CONTRACTS) minus the number of notices served upon today (1381 x 100 oz per contract) equals 2,341,000 OZ OR 72.814 TONNES to which we add 0 tonnes of gold issued under exchange for risk// total standing 72.814 tonnes
thus the INITIAL standings for gold for the JUNE contract month: No of notices filed so far (22,975 x 100 oz +we add the difference for front month of JUNE (1816 OI} minus the number of notices served upon today (1381 x 100 oz) which equals 2,341,000 OZ OR 72.814 TONNES + 0 tonnes EX FOR RISK = 72.814 tonnes
TOTAL COMEX GOLD STANDING FOR JUNE.: 72.814 TONNES WHICH IS SMALL FOR THIS NORMALLY ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. FEBRUARY HAD THE HIGHEST DELIVERY FOR ANY MONTH AND APRIL WAS SECOND..JUNE DID NOT FOLLOW FEB AND APRIL’S LEAD!!
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COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,188,957.948 oz 68.085 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 37,929,966.232 oz
TOTAL REGISTERED GOLD 20,624,152.444: or 641.497 tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,305,313.988 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 18,435,195 oz (REG GOLD- PLEDGED GOLD)= 573.41 tonnes //
SILVER/COMEX
THE JUNE 2025 SILVER CONTRACT//INITIAL
JUNE 10
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 3 withdrawal entries 3 withdrawal entries i) Out of Brinks 25,734.660 oz iii) Out of HSBC 314,714.000 oz iv) Out of Loomis 50,774.236 oz total weight of withdrawal: 391,222.890 oz |
| Deposits to the Dealer Inventory | 0 entry |
| Deposits to the Customer Inventory | 3 DEPOSIT ENTRIES i) Into CNT 1,200,969.554 oz ii) Into Delaware 2009,600 oz iii) Into Stonex 49,911.860 oz total deposit 1,252,891.010 oz |
| No of oz served today (contracts) | 26 CONTRACT(S) (130,000 OZ |
| No of oz to be served (notices) | 93 contract (0.465 MILLION oz) |
| Total monthly oz silver served (contracts) | 2908 Contracts (14.540 million oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
1 deposits into dealer accounts
0 entry
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3 DEPOSIT ENTRIES
i) Into CNT 1,200,969.554 oz
ii) Into Delaware 2009,600 oz
iii) Into Stonex 49,911.860 oz
total deposit 1,252,891.010 oz
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withdrawals: customer side/eligible
3 withdrawal entries
i) Out of Brinks 25,734.660 oz
iii) Out of HSBC 314,714.000 oz
iv) Out of Loomis 50,774.236 oz
total weight of withdrawal: 391,222.890 oz
ADJUSTMENTs 0//
JPMorgan has a total silver weight: 214.825million oz/495.180 oz million or 43.43%
TOTAL REGISTERED SILVER: 161.259 MILLION OZ//.TOTAL REG + ELIGIBLE. 495.180 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JUNE
silver open interest data:
FRONT MONTH OF JUNE /2025 OI: 119 OPEN INTEREST CONTRACTS FOR A LOSS OF 438 CONTRACTS. WE HAD 462 CONTRACTS SERVED ON MONDAY SO WE GAINED 24 CONTRACTS OR 0.120 MILLION OZ UNDERWENT A QUEUE JUMP IN ORDER TO TAKE DELIVERY OF PHYSICAL SILVER OVER ON THIS SIDE OF THE POND.
JULY LOST 6251 CONTRACTS DOWN TO 107,401
AUGUST GAINED 16 CONTRACTS TO 576
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 26 or 130,000 oz
CONFIRMED volume; ON MONDAY 102,909 huge//
AND NOW MAY DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in JUNE. we take the total number of notices filed for the month so far at 2908 X5,000 oz = 14.540 MILLION oz
to which we add the difference between the open interest for the front month of JUNE (119) AND the number of notices served upon today (26 )x (5000 oz)
Thus the standings for silver for the JUNE 2025 contract month: (2908) Notices served so far) x 5000 oz + OI for the front month of JUNE(119) minus number of notices served upon today (26)x 5000 oz equals silver standing for the JUNE contract month equating to 15.005 MILLION OZ .
New total standing: 15.005 million oz which is huge for this NON active delivery month of JUNE.
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 158.995million 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
JUNE 10 WITH GOLD DOWN $11.80 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.02 TONNEES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 936.22 TONNES
JUNE 9 WITH GOLD UP $10.00 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.45 TONNEES OF GOLD FROM THE GLD//: /// ///INVENTORY RESTS AT 934.20 TONNES
JUNE 6 WITH GOLD DOWN $28.00 TODAY// NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 935.65 TONNES
JUNE 5 WITH GOLD DOWN $23.10 TODAY// NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 935.65 TONNES
JUNE 4 WITH GOLD UP $22.30 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 2.58 TONNES OF GOLD INTO THE GLD. /// ///INVENTORY RESTS AT 935.65 TONNES
JUNE 3 WITH GOLD DOWN $19.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD. /// ///INVENTORY RESTS AT 933.07 TONNES
JUNE 2 WITH GOLD UP $80.90 TODAY// NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 930.20 TONNES
MAY 30 WITH GOLD DOWN $27.10 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 4.59 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 930.20 TONNES
MAY 29 WITH GOLD UP $22.35 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.15 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 925.71 TONNES
MAY 28 WITH GOLD DOWN $5.30 TODAY// NO CHANGES IN GOLD AT THE GLD:/ ///INVENTORY RESTS AT 925.61 TONNES
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
GLD INVENTORY: 936.22 TONNES, TONIGHTS TOTAL
ASIAN MARKETS THIS MORNING:
SHANGHAI CLOSED DOWN 14.95 PTS OR 0.44%
//Hang Seng CLOSED DOWN 72.56 PTS OR 0.30%
// Nikkei CLOSED UP 123.94 PTS OR 0.32% //Australia’s all ordinaries CLOSED UP 0.81%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1901 OFFSHORE CLOSED DOWN AT 7.1925/ Oil UP TO 65.38 dollars per barrel for WTI and BRENT UP TO 67.03 Stocks in Europe OPENED MOSTLY RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN TRADING AT 7.1901 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1925 AGAINST US DOLLAR/ AND THUS WEAKER
END
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED 1469 CONTRACTS TO A STILL LOW NUMBER OF 414,493 OI DESPITE OUR GAIN IN PRICE OF $10.00 WITH RESPECT TO MONDAY’S // TRADING. WE LOST ZERO NUMBER OF NET LONGS WITH THAT PRICE LOSS FOR GOLD. AND AS YOU WILL SEE BELOW, OUR LOSS IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (873 ). WE HAD CONSIDERABLE T.A.S. LIQUIDATION WHICH ACCOUNTS FOR THE PRICE GAIN.
THE CME ANNOUNCED MONDAY NIGHT, A ZERO EXCHANGE FOR RISK CONTRACT ISSUANCE FOR 0 OZ OR NIL TONNES. TOTAL ISSUANCE FOR MAY WAS RECORDED AT 9.591 TONNES OF GOLD AND THIS TOTAL WAS 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 FIVE 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.
IN MAY:
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//NEW TOTAL EX FOR RISK IS 9.591 TONNES FOR THE 3 ISSUANCE!
IN JUNE
JUNE: ZERO ISSUED SO FAR!!
DETAILS ON JUNE COMEX MONTH//INITIAL
IN TOTAL WE HAD A SMALL SIZED LOSS ON OUR TWO EXCHANGES OF 596 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 MAY, AND JUNE 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 HOWEVER IS FAIR AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 1309 T.A.S.
THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS(ALONG WITH MONTH END SPREADERS) 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 WITH FINAL STANDING AT 90.23 TONNES. HOWEVER JUNE WHICH IS NORMALLY A HUGE DELIVERY MONTH , INITIAL STANDING IS RECORDED AT 62.534 TONNES PLUS TODAY’S 0.1835 TONNES EFP TRANSDFER TO LONDON = 72.814 TONNES. (IS THE COMEX RUNNING OUT OF GOLD?)//TOTAL QUEUE JUMPING FOR THE MONTH FOR THE MONTH: 10.4668 TONNES. OR NET QUEUE JUMPING: 10.2833 TONNES
NEW TOTAL TONNES STANDING JUNE: 72.814 TONNES
THE FED IS THE OTHER MAJOR SHORT OF AROUND 32+ 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 225 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 SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A SMALL SIZED 873 EFP CONTRACT WAS ISSUED: : /AUGUST 873 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 873 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 :
- CONSIDERABLE LIQUIDATION OF OUR T.A.S. SPREADERS
- ZERO NET SPEC LIQUIDATION DESPITE OUR HUGE LOSS 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 TUESDAY MORNING//MONDAY NIGHT WAS A FAIR SIZED, 1309 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 MAY AND JUNE
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.THIS WAS SURELY IN EVIDENCE IN TRADING THURSDAY WITH THE LOSS IN PRICE!
STANDING LAST 6 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: FINAL STANDING 90.235 TONNES WHICH INCLUDES QUEUE JUMPING AND 9.591 TONNES EX FOR RISK.
JUNE: INITITAL STANDING 62.534 TONNES PLUS 10.4668 TONNES OF TOTAL QUEUE JUMP MINUS TODAY’S SMALL .1825 EFP TRANSFER TO LONDON = 72.814 TONNES (0 EX FOR RISK)
THIS IS CENTRAL BANKS STANDING FOR PHYSICAL GOLD!!
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HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 52 MONTHS OF 2021-2025:
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:STANDING FOR GOLD/COMEX
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING/JUNE CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $10.00/ /) AND THEY WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A SMALL SIZED LOSS IN OI FROM TWO EXCHANGES. AND AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION ////MONDAY 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
TUESDAY MORNINGMONIDAY 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 MONDAY EVENING/TUESDAY 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 /JUNE 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.
JUNE ISSUANCE: SO FAR ZERO
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ANALYSIS JUNE DELIVERY MONTH GOING FROM FIRST DAY NOTICE// JUNE COMEX CONTRACT
WE HAVE LOST A SMALL SIZED TOTAL OF 1.833 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JUNE FIRST RECORDED AT 62.534 TONNES ON FIRST DAY NOTICE/MAY 30. TO THIS WE SUBTRACT MONDAY NIGHT’S SMALL EFP TRANSFER TO LONDON OF 5900 OZ OR 0.1835 TONNES OF GOLD//NEW STANDING FOR JUNE GOLD REDUCES TO 72.814.
ALL OF THIS QUITE SMALL STANDING FOR JUNE WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $10.00
WE HAD A STRONG XXXX CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL.
NET LOSS ON THE TWO EXCHANGES 596 CONTRACTS OR 59,600 0Z (1.833 TONNES)
confirmed volume MONDAY 153,269. contracts: poor volume////
//speculators have left the gold arena
END
JUNE
INITIAL
JUNE CONTRACT MONTH
JUNE 10/2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1 ENTRIES i) Out of Asahi 168,952.241 oz total withdrawal weight 168,952.241 oz or 5.255 tonnes . |
| Deposit to the Dealer Inventory in oz | 0 ENTRIES |
| Deposits to the Customer Inventory, in oz | we have 0 customer entries xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 1381 notice(s) 138,100 OZ 4.295 TONNES |
| No of oz to be served (notices) | 435 contracts 43,500 OZ 1.3530 TONNES |
| Total monthly oz gold served (contracts) so far this month | 22,975 notices 2,297,500 oz 71.462 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 ENTRIES
i) Out of Asahi 168,952.241 oz
total withdrawal weight 168,952.241 oz or 5.255 tonnes
adjustments: 0//
AMOUNT OF GOLD STANDING FOR JUNE
THE FRONT MONTH OF JUNE STANDS AT 1816 CONTRACTS FOR A LOSS OF 144 CONTRACTS. WE HAD 85 CONTRACTS SERVED ON MONDAY SO WE LOST 59 CONTRACTS FOR 5900 OZ OR 0.1835 TONNES OF GOLD UNDERWENT AN EFP TRANSFER TO LONDON WHERE THESE BOYS DECIDED TO TAKE IMMEDIATE DELIVERY ON THERE SIDE OF THE POND. THIS TOTAL WILL BE SUBTRACTED TO OUR INITIAL AMOUNT OF GOLD STANDING AT 62.534 TONNES//NEW STANDING REDUCES TO 72.8145 TONNES
JULY GAINED 32 CONTRACTS TO STAND AT 6706
AUGUST LOST 3313 CONTRACTS DOWN TO 316,141
We had 85 contracts filed for today representing 8500 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 3 notices issued from their client or customer account. The total of all issuance by all participants equate to 1381 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 543 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JUNE /2025. contract month, we take the total number of notices filed so far for the month (22,297,500 X 100 oz ) to which we add the difference between the open interest for the front month of JUNE (1816 CONTRACTS) minus the number of notices served upon today (1381 x 100 oz per contract) equals 2,341,000 OZ OR 72.814 TONNES to which we add 0 tonnes of gold issued under exchange for risk// total standing 72.814 tonnes
thus the INITIAL standings for gold for the JUNE contract month: No of notices filed so far (22,975 x 100 oz +we add the difference for front month of JUNE (1816 OI} minus the number of notices served upon today (1381 x 100 oz) which equals 2,341,000 OZ OR 72.814 TONNES + 0 tonnes EX FOR RISK = 72.814 tonnes
TOTAL COMEX GOLD STANDING FOR JUNE.: 72.814 TONNES WHICH IS SMALL FOR THIS NORMALLY ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. FEBRUARY HAD THE HIGHEST DELIVERY FOR ANY MONTH AND APRIL WAS SECOND..JUNE DID NOT FOLLOW FEB AND APRIL’S LEAD!!
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COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,188,957.948 oz 68.085 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 37,929,966.232 oz
TOTAL REGISTERED GOLD 20,624,152.444: or 641.497 tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,305,313.988 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 18,435,195 oz (REG GOLD- PLEDGED GOLD)= 573.41 tonnes //
SILVER/COMEX
THE JUNE 2025 SILVER CONTRACT//INITIAL
JUNE 10
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 3 withdrawal entries 3 withdrawal entries i) Out of Brinks 25,734.660 oz iii) Out of HSBC 314,714.000 oz iv) Out of Loomis 50,774.236 oz total weight of withdrawal: 391,222.890 oz |
| Deposits to the Dealer Inventory | 0 entry |
| Deposits to the Customer Inventory | 3 DEPOSIT ENTRIES i) Into CNT 1,200,969.554 oz ii) Into Delaware 2009,600 oz iii) Into Stonex 49,911.860 oz total deposit 1,252,891.010 oz |
| No of oz served today (contracts) | 26 CONTRACT(S) (130,000 OZ |
| No of oz to be served (notices) | 93 contract (0.465 MILLION oz) |
| Total monthly oz silver served (contracts) | 2908 Contracts (14.540 million oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
1 deposits into dealer accounts
0 entry
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3 DEPOSIT ENTRIES
i) Into CNT 1,200,969.554 oz
ii) Into Delaware 2009,600 oz
iii) Into Stonex 49,911.860 oz
total deposit 1,252,891.010 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
3 withdrawal entries
i) Out of Brinks 25,734.660 oz
iii) Out of HSBC 314,714.000 oz
iv) Out of Loomis 50,774.236 oz
total weight of withdrawal: 391,222.890 oz
ADJUSTMENTs 0//
JPMorgan has a total silver weight: 214.825million oz/495.180 oz million or 43.43%
TOTAL REGISTERED SILVER: 161.259 MILLION OZ//.TOTAL REG + ELIGIBLE. 495.180 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JUNE
silver open interest data:
FRONT MONTH OF JUNE /2025 OI: 119 OPEN INTEREST CONTRACTS FOR A LOSS OF 438 CONTRACTS. WE HAD 462 CONTRACTS SERVED ON MONDAY SO WE GAINED 24 CONTRACTS OR 0.120 MILLION OZ UNDERWENT A QUEUE JUMP IN ORDER TO TAKE DELIVERY OF PHYSICAL SILVER OVER ON THIS SIDE OF THE POND.
JULY LOST 6251 CONTRACTS DOWN TO 107,401
AUGUST GAINED 16 CONTRACTS TO 576
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 26 or 130,000 oz
CONFIRMED volume; ON MONDAY 102,909 huge//
AND NOW MAY DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in JUNE. we take the total number of notices filed for the month so far at 2908 X5,000 oz = 14.540 MILLION oz
to which we add the difference between the open interest for the front month of JUNE (119) AND the number of notices served upon today (26 )x (5000 oz)
Thus the standings for silver for the JUNE 2025 contract month: (2908) Notices served so far) x 5000 oz + OI for the front month of JUNE(119) minus number of notices served upon today (26)x 5000 oz equals silver standing for the JUNE contract month equating to 15.005 MILLION OZ .
New total standing: 15.005 million oz which is huge for this NON active delivery month of JUNE.
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 158.995million 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
JUNE 10 WITH GOLD DOWN $11.80 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.02 TONNEES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 936.22 TONNES
JUNE 9 WITH GOLD UP $10.00 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.45 TONNEES OF GOLD FROM THE GLD//: /// ///INVENTORY RESTS AT 934.20 TONNES
JUNE 6 WITH GOLD DOWN $28.00 TODAY// NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 935.65 TONNES
JUNE 5 WITH GOLD DOWN $23.10 TODAY// NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 935.65 TONNES
JUNE 4 WITH GOLD UP $22.30 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 2.58 TONNES OF GOLD INTO THE GLD. /// ///INVENTORY RESTS AT 935.65 TONNES
JUNE 3 WITH GOLD DOWN $19.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD. /// ///INVENTORY RESTS AT 933.07 TONNES
JUNE 2 WITH GOLD UP $80.90 TODAY// NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 930.20 TONNES
MAY 30 WITH GOLD DOWN $27.10 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 4.59 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 930.20 TONNES
MAY 29 WITH GOLD UP $22.35 TODAY// HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.15 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 925.71 TONNES
MAY 28 WITH GOLD DOWN $5.30 TODAY// NO CHANGES IN GOLD AT THE GLD:/ ///INVENTORY RESTS AT 925.61 TONNES
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
GLD INVENTORY: 936.22 TONNES, TONIGHTS TOTAL
SILVER
JUNE 10 WITH SILVER DOWN $0.16/HUGE CHANGES AT THE SLV:A DEPOSIT OF 1.182 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 471.232 MILLION OZ.
JUNE 9 WITH SILVER UP $0.69/HUGE CHANGES AT THE SLV:A DEPOSIT OF 1.182 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 472.914 MILLION OZ.
JUNE 6 WITH SILVER UP $0.63/HUGE CHANGES AT THE SLV:A DEPOSIT OF 3.863 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 471.732 MILLION OZ. (A TOTAL DEPOSIT OF 11.856 MILLION PHANTOM OZ IN THE LAST 4 DAYS)
JUNE 5 WITH SILVER UP $1.14/HUGE CHANGES AT THE SLV:A DEPOSIT OF 4.364 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 467.869 MILLION OZ.
JUNE 4 WITH SILVER DOWN $0.01/HUGE CHANGES AT THE SLV:A DEPOSIT OF 2.084 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 463.505 MILLION OZ.
JUNE 3 WITH SILVER DOWN $0.02/HUGE CHANGES AT THE SLV:A DEPOSIT OF 1.545 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 461.421 MILLION OZ.
JUNE 2 WITH SILVER UP $1.58/NO CHANGES AT THE SLV: ././///INVENTORY RESTS AT 459.876 MILLION OZ.
MAY 30 WITH SILVER DOWN $0.36/HUGE CHANGES AT THE SLV: A DEPOSIT OF 2.773 MILLION OZ INTO THE SLV././///INVENTORY RESTS AT 459.876 MILLION OZ.
MAY 29 WITH SILVER UP $0.29/NO CHANGES AT THE SLV////INVENTORY RESTS AT 457.103 MILLION OZ.
MAY 28 WITH SILVER DOWN $0.18/NO CHANGES AT THE SLV////INVENTORY RESTS AT 457.103 MILLION OZ.
MAY 27 WITH SILVER DOWN $0.34/HUGE CHANGES AT THE SLV//A DEPOSIT OF 2.728 MILLION OZ INTO THE SLV//INVENTORY 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
CLOSING INVENTORY 471.232 MILLION OZ//
Not sure if you knew but the CFTC now only has 2 commissioners left out of 5….one from JPM and one from Citi…& both have given notice that they are leaving!
The CFTC had one purpose…to run cover for the riggers and now they are jumping ship!
END
Yes, it is different this time.
zerohedge…
Silver Is Finally Soaring: Here’s Why
Tuesday, Jun 10, 2025 – 01:47 AM
About a week ago, and just days after we pointed out that silver was finally outperforming gold (rather dramatically) after months of painful lagging for silver bulls…
Notable outperformance of silver vs gold today, sends silver to 2025 highs.
While gold stockpiling at comex vaults ended 2 months ago and reversed, silver comex inventories are at all time highs pic.twitter.com/EsuFJKlsTl
— zerohedge (@zerohedge) June 3, 2025
… we presented our subs with the latest comments from Goldman futures trader Robert Quinn who showed that in the last week of May, bullish futures traders had dramatically increased the amount of silver net exposure…
… which was coupled with a spike in bullish posturing in the options market via the upside call wing as well as systematic/CTA buying.
That said, Goldman founds that discretionary euphoria “seemed a little more tempered.”
Well, not any more, because while gold put in another interim peak of $3400 last Thursday and has dipped since, silver has found a powerful bid ever since it rose to a 13 year high above $36, and the result has been a dramatic divergence between the trajectory of silver and gold…
… one which has seen the ratio of gold/silver retrace back from its near all-time high above 100 – where gold peaked in the early 90s and where it again peaked during the covid gold meltup – to 90 and falling fast.
It may come as a surprise to some that while gold enjoyed a runaway surge in early 2025, and bitcoin has also come storming right back after tumbling in early April, it is actually silver which is about to overtake gold as the best performing asset of 2025 (those looking for a 60% off silver physical premium deal, please check here).
Perhaps the biggest reason for the latest leg higher in silver is the arrival of the “discretionary euphoria” which was missing as recently as last week.
As Goldman’s ETF desk writes today, silver caught a strong bid last week, with spot prices (XAG) up nearly 9% – its second-best week of performance since June ’24, driven by renewed interest of steel and aluminum tariffs.
This coincided with a surge in broader market activity:
1) The largest silver ETF registered its strongest week of inflows in nearly a year (+$460mm), and
2) notional call option volumes for the fund reached record highs on Thursday.
Meanwhile, Goldman’s Chris Lucas notes that he saw “an array of clients engage across the spot silver ETF complex, with desk flows skewing better purchased on the week.”
Of course, we have seen breakout attempts before, so Goldman understandably is watching if this theme is here to stay. Some at the bank are skeptical, such as commodity strategist Adam Gallard who writes that “we do not think there is a fundamental headline given slowing solar growth (down y/y in May), Chinese exports, and a loose London physical market, rather, a macro bid given ratio (vs gold) underperformance, exacerbated by CTA and Chinese buying through a key resistance level” (full note here to pro subs).
One can counter by taking the other side, and pointing out that there is substantial potential upside via ETFs. As the Goldman ETF desk he notes, “while silver ETFs have registered robust inflows (best week in nearly 1yr) and spot flirts with 5yr highs, ETF demand, as interpreted through shares outstanding, remains below December levels…“
Translation: once the breakout is seen as real, that’s when the real ETF buying will kick in and that’s when the old nominal highs will finally be in play.
More in the full Goldman silver ETF note available to pro subs.
3. Chris Powell and GATA dispatches
4./On LFTV, Andrew Maguire LIVE FROM THE VAULT 226
go to youtube/live from the vault kinesis/226
Episode 226
5B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES:PLATINUM
What’s Behind The Recent Surge In Platinum, And Will It Continue
Tuesday, Jun 10, 2025 – 03:38 AM
Earlier we flagged the long overdue breakout in silver; now let’s take a look at platinum which after years of dormancy has also erupted higher, sprinting into a bull market in the span of just weeks if not days, and up 35% from the April lows.
There are still those who upon entering a jewelry store and finding all platinum trinkets trading at a premium to gold, don’t bother to ask questions. They should: while platinum did trade at a premium and hit double the price of gold back in 2008, the global financial crisis led to parity for about a decade, at which point gold took off and has yet to look back, while platinum has been stuck in a rut, flat as a pancake for the past decade.
But, just like silver has finally broken out, platinum is doing the same.
There are several reasons for this. First, the recent breakout in platinum – which took place amid continued dollar weakness – was sparked by the latest Chinese import data which resurrected the narrative of sizeable switching out of Gold.
Starting with the fundamentals, Chinese jewelers and investors imported the most platinum in a year this April, as the precious metal’s relative stability enhanced its attractiveness over surging and volatile gold. Imports of platinum into China – the world’s biggest consumer of the metal – totaled 11.5 tons in April, according to data released late in May.
The sprawling Shuibei market in Shenzhen, a major center for jewelers with more 10,000 retailers on site, offers a snapshot of the shift. The number of platinum retailers in the sprawling market has tripled over the course of a month, according to Yang Yang, a deputy general manager at one of the largest in the market, Bloomberg reports.
“Some gold workshops are now trying to tap into the surge in demand,” she said. “But the transition isn’t easy, as the two metals require very different craftsmanship.” Platinum fabricators are overwhelmed, with retailers now facing unprecedented wait times that have doubled, she added.
Furthermore, bulls have highlighted that slowing electric vehicle adoption will keep diesel car usage higher, spurring unexpected demand for Platinum in catalytic converters
Just as importantly, global demand for the metal, which is also used in catalytic converters and laboratory equipment, is expected to outstrip supply for the rest of this decade, according to Bloomberg Intelligence analysts.
According to Deng Weibin, the Asia-Pacific head of the World Platinum Investment Council, the slump in gold jewelry sales that started last year due to high prices has had merchants rethink their strategies.
“Long-time gold jewelers are shifting gears to platinum products as gold has become too expensive and volatile,” said Deng, who’ll be among the traders, miners, and analysts converging in London from Tuesday for the annual Platinum Week gathering. “Platinum has come in to balance out the risks and price swings of gold.”
That said, the surge in Chinese demand is recent. In the year to April 30, the nation’s total platinum imports actually fell 31% compared with the previous 12 months. But, as with everything Asia, once the momentum traders latch on, the upside is virtually unlimited.
Sure enough, in the first quarter, platinum bar and coin demand in China more than doubled, pushing it ahead of North America to become the largest market for platinum retail investment, WPIC data shows. The growing demand threatens to further deplete already shrinking above-ground stocks. The market was already tightening on expectations that slowing electric vehicle adoption will keep diesel cars on the road longer, and with them, demand for platinum in catalytic converters.
While prices are still below levels seen in 2021 – if just barely – when top producer Russia saw production slide as a result of the war in Ukraine and a spike in catalytic thefts sent the metal soaring, the metal has rallied 20% so far this year, partly due to expectations of a tighter market.
It’s likely inventories have bottomed out and some speculative buyers have stepped in, said Nikos Kavalis, managing director at consultancy Metals Focus Ltd. “It is unusual because during the previous couple of years or so, every time the price was at current levels there was very little appetite.”
With demand running high, the shortage is likely to persist for some time, said Yang Yang. “I expect the tight supply to continue through June and July.” On the other hand, if Chinese appetite for platinum persists, the tight supply may extend well into late 2025 and much later.
That covers the fundamentals, but what about the technicals?
Well, as Goldman futures trader Robert Quinn wrote two weeks ago (in one of the bank’s must read Weekly Rundown reports, available to pro subs), there has been “reasonable length initiated via futures” as aggregate open interest rose $510mm from May 16th – 22nd, and “the option surface exhibited a reach for upside. That is, 3 month implied volatility richened; normalized 25 delta put-call skew cheapened materially to a 20% 1 year rank.”
“Given the still underwhelming Platinum/Gold ratio and Managed Money net futures length, one could argue for ongoing Platinum leadership”, Quinn warns. But tariff overhang remains a concern. That said, the Goldman trader remains bullish as platinum displays positive correlation to equities, especially the Auto sector and those exposed to tariffs. And one Asian momentum traders latch on, the sky could well be the limit.
Finally, as Goldman materials specialist Games McGeoch asked last week, “is Platinum a Phoenix from the ashes or just a plain and simple Oxygen thief of the mkt?”. His answer was that as of late May, long-onlies were heavily participating in the move higher, while specs and CTA’s were dragging or getting dragged with that (“Look at the CMX / LDN spread in platinum which went from CMX $3 under to $6 over, as HF’s trade CMX, and LOs trade LME”).
The Goldman trader’s cautious conclusion is that “the commodity guys are not as convinced as the equity players, but if Platinum breaks above $1100 that can however start to change…”
Well, late last week platinum finally broke above $1100, at which point it proceeded to trigger countless CTA and hedge fund stops, and at last check was surging about $100 higher, noprth of $1220 and a 4 year high, as the momentum chasers finally noticed.
More in the Goldman Weekly Rundown report available to pro subs
END.
6 CRYPTOCURRENCY NEWS
ASIAN MARKETS THIS MORNING:
SHANGHAI CLOSED DOWN 14.95 PTS OR 0.44%
//Hang Seng CLOSED DOWN 72.56 PTS OR 0.30%
// Nikkei CLOSED UP 123.94 PTS OR 0.32% //Australia’s all ordinaries CLOSED UP 0.81%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1901 OFFSHORE CLOSED DOWN AT 7.1925/ Oil UP TO 65.38 dollars per barrel for WTI and BRENT UP TO 67.03 Stocks in Europe OPENED MOSTLY RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN TRADING AT 7.1901 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1925 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 7.19.01 (CHINESE COMMUNIST PARTY MANIPULATED)
OFFSHORE YUAN: DOWN TO 7.1925 (CCP MANIPULATED)
SHANGHAI CLOSED DOWN 14.95 PTS OR 0.44%
HANG SENG CLOSED DOWN 72.56 PTS OR 0.30%
2. Nikkei closed UP 122.94 PTS OR 0.32%
3. Europe stocks SO FAR: ALL MOSTLY RED
USA dollar INDEX UP TO 99.28// EURO FALLS TO 1.1393 DOWN 44 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +1.480//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 144.78…… 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 +2.55300/Italian 10 Yr bond yield DOWN to 3.468 SPAIN 10 YR BOND YIELD DOWN TO 3.114%
3i Greek 10 year bond yield DOWN TO 3.286
3j Gold at $3331.10 Silver at: 36.52 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 44 /100 roubles/dollar; ROUBLE AT 78.56
3m oil into the 65 dollar handle for WTI and 67 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 144.78// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.480% 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 0.8229 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9368 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: 4.459 DOWN 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.921 DOWN 3 BASIS PTS/
USA 2 YR BOND YIELD: 3.995 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 39.22
10 YR UK BOND YIELD: 4.5800 DOWN 5 PTS
10 YR CANADA BOND YIELD: 3.354 UP 2 BASIS PTS
5 YR CANADA BOND YIELD: 2.958 DOWN 1 PTS
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2a New York OPENING REPORT
Futures Rise As Market Awaits Outcome US-China Trade Talks
Tuesday, Jun 10, 2025 – 08:20 AM
US equity futures are little changed, paring earlier gains along with European stocks, as Commerce Secretary Lutnick says US-China trade talks are “going well” and that they’re expected to go on all day. The bar for an improvement risk appetite appears high after Chinese stocks suddenly fell toward the end of trading day earlier, sparking a broader souring of sentiment. As of 8:00am S&P futures were up 0.1% into today’s trade talks and tomorrow’s CPI print; Nasdaq 100 futures rose 0.1%, with Mag7 names seeing muted returns ex-TSLA which is +3%. Semis/Cyclicals are seeing a bid. The UK’s FTSE 100, however, was poised to close at an all-time high for the first time since March. US/China talks continue for a second day with Bessent empowered to alter US export controls; US/Iran talks are set for Thursday.
US Treasuries extended gains ahead of a $58 billion auction of three-year bonds; the USD is higher into tomorrow’s CPI; commodities are higher led by Ags/Energy. Today’s macro data print is the Small Business Optimism survey, which rose from 95.8 to 98.8, beating expectations of a 96.0 print.
Inpremarket trading, Mag 7 tech giants were miexed: Tesla +2%, Nvidia +0.2%, Alphabet -0.2%, Amazon -0.1%, Meta Platforms +0.6%, Apple -0.3%, Microsoft -0.3%. McDonald’s fell 1.6% after Redburn downgrades the restaurant chain to sell from buy, saying weight-loss drugs are suppressing consumer appetites and presenting an under-appreciated longer-term threat. Here are some other notable premarket movers:
- Brown & Brown (BRO) falls 3% after agreeing to buy privately-held insurance brokerage Accession Risk Management Group for $9.825 billion.
- Insmed (INSM) rises 17% after the company announced positive topline results from Phase 2b study of treprostinil palmitil inhalation powder as a once-daily therapy in patients with pulmonary arterial hypertension.
- JM Smucker (SJM) falls 7% after the packaged-food company projected profit for the coming fiscal year that trailed Wall Street’s expectations, continuing a challenging run for the biggest US packaged food producers.
- TechTarget (TTGT) drops 4.8% after the marketing software firm was downgraded to underweight at JPMorgan on a lack of catalysts.
- Tencent Music Entertainment Group (TME) ADRs rise 5% after agreeing to buy Chinese podcasting startup Ximalaya Inc. for $1.3 billion in cash plus an issuance of stock, a deal that propels its ambition to become China’s answer to Spotify
While Monday’s negotiations in London between the US and China delivered no breakthrough, American officials had sounded optimistic that the two sides could ease tensions over shipments of technology and rare earth elements. With a key inflation read on tap Wednesday, investors are waiting for fresh drivers after stocks rebounded to near record levels from their April lows.
“We believe the path of least resistance for equities remains upward and potentially see room for some US performance catch-up,” wrote Alastair Pinder, global equity strategist at HSBC Holdings Plc.
As delegations from the US and China arrived at London’s Lancaster House for the start of talks on Tuesday, US Commerce Secretary Howard Lutnick said discussions were “going well” and expected negotiations to continue “all day today.”
Meanwhile, analysts at firms including Barclays and JPMorgan Chase & Co. see further upside for US stocks, in part because they expect institutional investors to abandon their cautious stance and ramp up exposure to equities. Citigroup strategists said that technology heavyweights have attracted a flurry of bullish bets as optimism around the trade outlook overshadows trade concerns.
“Flow activity has been largely one-sided, driven by new risk flows for large caps,” the team led by Chris Montagu wrote. “While tariff policy issues remain a concern, investors have also been assessing the evolving macro backdrop.”
European stocks were little changed, with investors reluctant to make big bets ahead of a second day of trade negotiations between the US and China. Stoxx 600 fell 0.2% with energy and auto sectors leading gains, while financial services stocks among the biggest laggards. Among individual stocks, UBS fell after Vontobel analysts wrote that Swiss capital demands could impact its competitiveness. The FTSE 100 surpassed its previous closing peak as investors took comfort from an improving economic outlook and easing trade tensions, with the UK becoming the first nation to strike a deal with President Donald Trump after his April 2 tariff announcements. That said, sentiment remains fragile as London faces an exodus of companies moving listings to the US and shelving initial public offerings.
Here are the most notable European movers:
- SoftwareOne shares rise as much as 12% to hit a seven-month high after the company said its deal to buy Crayon will close on July 2.
- Umicore shares jump as much as 10% to hit a seven-month high, after Goldman Sachs analysts upgraded the chemicals firm to buy and doubled the price target.
- Tecan shares gain as much as 5.4% after Berenberg started coverage of the Swiss laboratory-equipment maker with a buy rating, saying it is a high-quality operator that currently trades at a discount.
- Bellway shares rise as much as 4.1% after the UK housebuilder reported robust trading and said it expects to build more houses and sell them at higher prices than previously thought.
- Aberdeen rises as much as 5.9%, climbing to highest since August 2023, as JPMorgan upgrades to overweight and places the UK investment firm on a positive catalyst watch.
- Puuilo gains as much as 8.5%, setting a new record high, as DNB Carnegie says the Finnish home-improvement retailer’s results surpassed what had been already bullish expectations.
- European energy stocks are outperforming as oil prices rise for a fourth straight day due to investor optimism around extended US-China trade talks and signs of near-term tightness in the physical market.
- FirstGroup rises as much as 7.2%, hitting the highest since Sept. 2012, as analysts welcome a full-year beat from the UK bus and rail company.
- UBS shares drop as much as 7.4%, erasing all of Friday’s gains that followed the Swiss government proposing new rules that could see the bank hold up to $26 billion in fresh capital.
- Renk shares fall as much as 10% after Bank of America double-downgraded the stock to underperform, saying it has run too far in the short term and noting the German firm’s lack of exposure to defense electronics.
- Hochschild Mining shares plummet as much as 21%, the most in over two years, after the company warned the Mara Rosa mine in Brazil will produce far less gold than hoped this year.
- GB Group shares drop as much as 13% after the identity verification and fraud prevention specialist delivered another year of “underwhelming” growth, according to Jefferies.
Earlier in the session, Asian equities rose before the second day of trade talks between the US and China began, as traders stayed cautiously optimistic over any potential progress. The gains in the MSCI Asia Pacific Index narrowed to 0.3% from 0.7% earlier. TSMC, MediaTek and Commonwealth Bank of Australia were among the biggest boosts. Taiwan led the charge among local markets, with notable advances also in Indonesia and South Korea.
Chinese stocks slid suddenly in the afternoon session amid speculation that the US-China trade negotiations might have hit bumps. The move came on an elevated trading volume with major index ETFs also see surging volume. Rare earth names on the opposite saw a sharp move higher. Defensive names including high-div and agribusiness sector managed to claimed the loss first, and lead the index to rebound around 13:28. China managed to recovered part of the loss and ended up small loss by end of day. The Hang Seng China Enterprises Index dipped almost 1% during the session and then recovered most of the losses.
Focus continues to be on the US-China trade talk in London of which more active headlines are expected to rise. From a full day perspective, Pharma continued the positive momentum, banks picking up buyers as risking off. Growth names all pulled back in PM.
“Beyond the very short term dynamic, I think our expectation should be very low because I think that what we have seen from Geneva talks, London talks now is that this is going to be a protracted, long period of discussions between the two,” Bilal Hafeez, CEO at Macro Hive, said in a Bloomberg TV interview.
In FX, the Bloomberg Dollar Spot Index also trims gains, up 0.1%, while the Swiss franc tops the G-10 FX leader board, rising marginally along with haven assets. USD/JPY rises as much as 0.5% to the day’s high of 145.29, before paring gains; the yen came under selling pressure after Bank of Japan Governor Kazuo Ueda said Japan’s price trend still has some ways to go to reach 2. The dollar index would likely stay in a range “given the tariff uncertainty and the need for investors to keep assessing conditions,” Malayan Banking Bhd strategists wrote in a note.
In rates, treasuries hold modest gains in early US session, supported by bigger advance for gilts after soft UK labor-market data boosted expectations for Bank of England interest-rate cuts this year. US yields are 2bp-3bp richer across maturities with the curve flatter; 10-year is around 4.45%, about 2.5bp lower on the day with UK counterpart outperforming by around 4bp. Gilts outperformed their US and European peers after UK employment fell by the most in five years and wage growth slowed more than forecast. UK 10-year yields fall 7 bps to 4.56% as traders also boosted their Bank of England interest-rate cut bets; swaps tied to Bank of England’s policy rate price in around 47bp of easing by year-end vs 41bp at Monday’s close.
The US session features first of this week’s three Treasury coupon auctions, a 3-year new issue for $58 billion at 1pm New York time; $39 billion 10-year and $22 billion 30-year reopenings follow Wednesday and Thursday. WI 3-year yield near 3.955% is ~13bp cheaper than last month’s, which stopped through by 0.2bp. Traders will be closely watching Tuesday’s three-year Treasury auction as a read on whether or not foreigners are reducing their holding of US assets, wrote Chris Turner, head of foreign exchange strategy at ING Bank in London. “The focus therefore will be on the indirect bid at the auction and also the general gauge of auction success,” Turner wrote. “A poor auction could rekindle the weaker dollar story.”
In commodities, spot gold reversed an earlier fall and is now a few dollars higher on the day. Oil prices rise for a fourth day, with WTI up 0.1% at ~$65 a barrel. Bitcoin rises 0.4% and above $109,000.
Looking to the day ahead now, and data releases include UK unemployment and Italian industrial production for April, and in the US there’s the NFIB’s small business optimism index for May (printed at 98.8, above the est. of 96.0 and up from 95.8 prior).. Meanwhile from central banks, we’ll hear from the ECB’s Villeroy, Holzmann and Rehn.
Market Snapshot
- S&P 500 mini little changed
- Nasdaq 100 mini little changed
- Russell 2000 mini +0.2%
- Stoxx Europe 600 -0.1%
- DAX -0.6%
- CAC 40 little changed
- 10-year Treasury yield -2 basis points at 4.45%
- VIX +0.2 points at 17.38
- Bloomberg Dollar Index +0.1% at 1211.05
- euro -0.1% at $1.141
- WTI crude +0.4% at $65.58/barrel
Top Overnight News
- US military confirmed it has activated 700 marines to help protect federal personnel and federal property in the greater Los Angeles area: RTRS
- US Health Secretary Robert F. Kennedy Jr. dismissed all 17 members of one of the main committees that advises the government on vaccine safety and policy. BBG
- META is creating a new AI research lab dedicated to achieving “superintelligence,” and Alexandr Wang, the founder and CEO of Scale AI, is set to join the initiative (Meta is in talks to invest billions into Scale AI). NYT
- House Speaker Johnson said they are on track to get a budget bill passed by Independence Day and urged the Senate to modify SALT as little as possible.
- US GOP Rep. Green notified the Speaker he would resign from Congress after the reconciliation package vote.
- China is tapping its $1.5 trillion housing provident fund to salvage its property sector, with the government program outpacing banks in providing mortgages. BBG
- TSMC reported a 40% jump in May revenue, fueled by companies stockpiling chips in response to mounting trade uncertainty. BBG
- Huawei’s founder said US export controls won’t have an impact on the company as Washington exaggerates the firm’s capabilities. Ren Zhegfei said Huawei’s Ascend chip, the main rival to NVDA’s products in China,
- “still lags behind the US by one generation.” FT
- Bank of Japan Governor Kazuo Ueda said the central bank is still some distance from its inflation goal in comments that helped accelerate a weakening of the yen. While Ueda also talked down the possibility of any rate cut to boost the economy, the mention of a possible need to offer support for the economy likely gave the impression that the bank’s next move to raise rates will be more distant. BBG
- The U.K.’s labor market cooled in the three months to April, offering reassurance to Bank of England policymakers despite the level still being well above that required to return inflation to target any time soon. Average weekly earnings excluding bonuses rose 5.2% from a year earlier, down from 5.5% in the three months to March. The unemployment rate climbed to 4.6% in the period from 4.4% in the prior quarter, the highest since May-July 2021. WSJ
- Britain approved a £14.2 billion investment to help build its nuclear plant Sizewell C. The country’s wide-ranging spending review — set to be announced tomorrow — includes plans to offer cheaper financing for housebuilders. BBG
- META is creating a new AI research lab dedicated to achieving “superintelligence,” and Alexandr Wang, the founder and CEO of Scale AI, is set to join the initiative (Meta is in talks to invest billions into Scale AI). NYT
- Autos are a key component of trade negotiations and Trump might need to make a choice: he can’t keep his auto tariffs and strike trade deals. Politico
Tariffs/Trade
- US-China talks in London were scheduled to continue on Tuesday at 10:30BST/05:30EDT (delayed from 10:00BST/05:00ET, no reason provided) following talks on Monday which concluded after 6 hours and 40 minutes; the US Treasury announced Tuesday’s talks began around 10:44BST/05:44ET. Heading into the talks, US Commerce Secretary Lutnick said discussions with China are “going well”, and talks are to continue all day Tuesday.
- US DoJ requested that judges extend a hold on the ruling against Trump tariffs.
- Japanese PM Ishiba and US President Trump will hold bilateral talks on the sidelines of the G7 summit in Canada.
- Japanese Economy Minister Akazawa said the key is if Japan and the US can agree on a trade package, while it was separately reported that he is to visit the US and Canada from June 13th-18th for tariff talks, according to Nikkei.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mostly higher with risk sentiment underpinned amid some optimism surrounding US-China talks which are set to resume on Tuesday and have been described so far by US officials as a ‘good meeting’ and “fruitful”. ASX 200 gained on return from the long weekend with the advances led by outperformance in Consumer Discretionary, Financials, Energy and Tech, while further upside was capped amid mixed consumer and business sentiment surveys. Nikkei 225 initially outperformed as it coat-tailed on the recent upside in USD/JPY which was partially facilitated alongside comments from BoJ Governor Ueda who stated that the BoJ is keeping the real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%. Hang Seng and Shanghai Comp kept afloat as the attention centred on US-China talks in London which are scheduled to extend for a second day.
Top Asian News
- Chinese President Xi and South Korean President Lee held a phone talk, while Xi said that China and South Korea should promote strategic cooperative partnership to a higher level and he urged the countries to inject more certainty into regional and international situation. Furthermore, Xi urged they jointly safeguard multilateralism and free trade and ensure stable, smooth global and regional industrial and supply chains.
- Chinese Vice President Han Zheng met with French President Macron in France and said that China is ready to work with the EU to further expand areas of cooperation and promote new development in China-EU relations, while Han said at the UN Ocean Conference that China will carry out bilateral and multilateral cooperation projects to support small island states and other developing countries in implementing sustainable development goals.
- Chinese Finance Ministry announced that China is working on setting up a childcare subsidy system.
- BoJ Governor Ueda said if the economy and prices come under strong downward pressure, the BoJ has limited room to underpin growth with rate cuts with the short-term rate still at 0.5% and noted that underlying inflation is still below 2%. Ueda stated the BoJ is keeping the real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%, but reiterated that the BoJ will raise interest rates if it has enough confidence that underlying inflation nears or moves around 2%.
European bourses (STOXX 600 -0.1%) opened mixed and on either side of the unchanged mark; sentiment did gradually improve just after the cash open but then a bout of hefty pressure took most European indices back into negative territory. No clear driver for the downside, but perhaps in anticipation of the US-China talks.
European sectors are mixed and with no clear theme or bias. Energy takes the top spot, following closely by Autos & Parts; the latter likely benefitting from the optimism surrounding the US-China talks. Financial Services sits at the foot of the pile, with the downside driven by losses in UBS (-6.6%), reversing some of the upside seen on Friday and as traders digest the latest government proposals which aim to force the bank to hold an extra USD 26bln in extra capital.
Top European News
- UK Chancellor Reeves is planning a ‘housing bank’ to provide cheaper financing for builders and is considering a funding settlement of up to GBP 25bln for social housing in Wednesday’s spending review, according to FT.
- ECB’s Holzmann said the pause in cutting rates could last a while and if economic data worsens there could be more cuts, while he is moderately optimistic about what will happen with Trump and tariffs, according to Orf TV.
- ECB’s Villeroy says ECB has successfully normalised policy; policy and inflation are now in a favourable zone Being in a favourable zone does not mean the Bank is static. ECB will be as agile as needed.
- ECB’s Rehn says will take decisions on a meeting by meeting basis, must avoid complacency over the inflation outlook.
- French President Macron says he does not rule out the possibility of dissolving the National Assembly and calling snap elections, according to Bloomberg.
FX
- USD has kicked the session off on the front foot with support stemming from the positive readout of the US-China trade talks which saw US Treasury Secretary Bessent state that it was a ‘good meeting’ with China, whilst Commerce Secretary Lutnick said talks were “fruitful”. Focus today will be on the US 3yr auction, to give further indication of if the “Sell America” theme is still at play. DXY currently around 99.15.
- EUR is a touch softer vs. the broadly firmer USD with fresh macro drivers lacking for the Eurozone. Markets continue to be drip-fed ECB speak with known hawk Holzmann noting the pause in cutting rates could last a while. Elsewhere, France’s Villeroy remarked that the Bank has successfully normalised policy, adding that policy and inflation are now in a favourable zone. However, being in a favourable zone does not mean the Bank is static. EUR/USD continues to pivot around the 1.14 mark and is currently contained within Monday’s 1.1386-1.1439 range.
- JPY is fractionally lower vs. the USD, albeit off worst levels which saw the pair hit a new high for the month during APAC trade at 145.29. The price action took place alongside the broad pick-up in the USD and mostly positive risk appetite, which eventually faded. In terms of Japanese-specific newsflow, BoJ Governor Ueda reaffirmed the familiar rate hike signal but also stated the BoJ has limited room to underpin growth with rate cuts if the economy and prices come under strong downward pressure. On the trade front, Japanese Economy Minister Akazawa is reportedly to visit the US and Canada from June 13th-18th for tariff talks. USD/JPY has returned to a 144 handle but is holding above its 50DMA at 144.34.
- GBP is sat at the foot of the G10 leaderboard in the wake of the latest UK jobs which report which showed an expected uptick in the unemployment rate to 4.6% from 4.5%, a 109k slump in the HMRC payrolls change metric for May (largest decline since May 2020) and a further cooling of average earnings. In reaction, BoE market pricing moved dovishly, now fully pricing in a 25bps cut in September vs November pre-data. Cable has slipped onto a 1.34 handle for the first time since June 2nd with a current session low at 1.3457 (June 2nd low was at 1.3451).
- Antipodeans are both are slightly softer vs. the USD with price action choppy during APAC hours on account of mixed Business Sentiment data from Australia and the overall constructive risk tone. However, of greater interest for both will likely be the outcome of the US-China trade talks in London today given that China is both nation’s largest trading partner.
- PBoC set USD/CNY mid-point at 7.1840 vs exp. 7.1853 (Prev. 7.1855).
Fixed Income
- Gilts are outperforming, gapped higher by 55 ticks after a dovish UK labour market series. This caused Gilts to open at 92.36 before extending to a 92.66 peak with gains in excess of 80 ticks on the session at best. In brief, HMRC Payrolls fell more-than-expected with the accompanying wage figures also cooler than expected. In the near term, there is around a 10% implied probability of a June cut while August has increased to -18bps vs 15bps pre-release – a cut is now fully priced in September vs November pre-data.
- Bunds are in the green but with upside of only around half of that seen in Gilts at best. Specifics for the bloc include the latest ECB SMA and remarks from Villeroy, who said that while policy has now been normalised and the ECB is in a “favourable zone” this does not mean they are “static”. Bunds were only a little firmer in APAC trade, then caught a slight bid as the risk tone dipped in early morning trade before taking another leg higher alongside the Gilt open. Currently at 130.63, if the move continues, Friday’s high is just above at 130.77 before 130.99 from Monday and then last week’s 131.47 peak.
- USTs are broadly in-line with Bunds though the magnitude of gains is a little less, given that US equity futures have proven to be more resilient than European peers this morning; though, US equity sentiment is still very much on the back foot. Thus far, this has taken USTs to a 110-12 peak. If surpassed, Friday’s pre-NFP high resides at 110-29. The US data docket is light, focus turns to US-China talks in London and a 3yr auction thereafter.
- Netherlands sells EUR 2.45bln vs exp. EUR 2-2.5bln 2.50% 2035 DSL: average yield 2.749% (prev. 3.011%).
- Germany sells EUR 3.078bln vs exp. EUR 4bln 2.40% 2030 Bobl: b/c 1.8x (prev. 1.20x), average yield 2.14% (prev. 2.07%) & retention 23.05% (prev. 22.67%)
- Books have opened on the UK’s 1.75% September 2038 I/L Gilt via syndication; price guidance 11.75-12.25bps above November 2037 I/L. Orders for the UK’s 2038 I/L are in excess of GBP 46bln; price guidance unchanged. Orders for new UK 2038 I/L Gilt exceed GBP 58bln, according to a bookrunner; guidance set at 2037 I/L +11.75bps.
Commodities
- Crude prices are indecisive on a day when two major events (US-China talks and the Iranian nuclear counteroffer) are taking place. Ahead of the Iranian proposal, both sides confirmed the sixth round of nuclear talks will take place this weekend – the timing is unclear. Brent Aug’25 currently trades in a USD 66.95-67.40/bbl range.
- Spot gold is looking to build on Monday’s gains, as ongoing US-China tariff negotiations continue to support safe-haven demand – but with gains capped by modest Dollar strength. XAU/USD trades around 3,330/oz.
- Base metals are broadly lower, tracking the mood seen in Gold ahead of further trade/mineral-specific updates. EV sensitive metal Lithium is the outperformer, however, Palladium, used only in combustion cars, is suffering, given optimism on a rare earth deal. Copper has been rangebound, though is ultimately lower after the prior session of gains. The industrial metal looks to test the USD 9,760 mark, and sits within a USD 9,724-9,782.55 range.
- Kazakhstan says its oil exports to Germany via Druzhba pipeline +48% Y/Y in Jan-May; via Baku-Tbilisi-Ceyhan pipeline at +10% Y/Y in Jan-May.
Geopolitics: Middle East
- The sixth round of nuclear talks between the US and Iran will take place either on Friday in Oslo or on Sunday in Muscat, according to an Axios reporter citing a US official, while Iran’s Foreign Ministry spokesman confirmed that the sixth round of Iran-US talks is being scheduled for Sunday, June 15th in Muscat.
- Security sources estimated if nuclear talks fail, Israel would have to decide whether to attack Iran, according to the Israeli Broadcasting Authority.
- Israel launched strikes on Yemen’s port city of Hodeidah, according to Houthi-affiliated Al Masirah TV.
- Israel’s navy attacked Houthi targets in the Hodeidah port of Yemen, via an army statement.
Geopolitics: Ukraine
- Russia launched an air attack on Kyiv which Ukraine’s defence systems attempted to repel, while emergency units were dispatched to several districts in Kyiv after Russian drone attacks, according to the mayor.
- Flights were halted at all airports serving Moscow following a Ukrainian drone attack, according to Russia’s civil aviation authority.
US Event Calendar
- 6:00 am: May NFIB Small Business Optimism 98.8, est. 96, prior 95.8
DB’s Jim Reid concludes the overnight wrap
Who knew quiet Mondays were still a thing? Its only taken until June but maybe we can start easing back into weeks again. Famous last words I’d imagine. To be fair we were all waiting for the outcome of the US-China trade talks, which will now carry on into today. Indeed, after the volatility of the last two months, it was striking just how little any of the major assets shifted yesterday, with the S&P 500 (+0.09%) barely budging while 10yr Treasuries (-3.2bps) saw their narrowest daily trading range in over 6 weeks. The calm is unlikely to last though with more trade talk headlines likely to come through today, US CPI to look forward to tomorrow and that 30yr Treasury auction on Thursday.
In terms of those trade talks, the US and Chinese negotiators started to talk in London yesterday, with talks reported to resume again today at 10am London. There were some positive noises heading into the meeting, with US NEC Director Kevin Hassett saying to CNBC that they expected that “after the handshake”, that “any export controls from the US will be eased and the rare earths will be released in volume”. So that suggested a potential compromise whereby the US would ease their export controls in return for China easing their own restrictions on rare earths. There were few substantive comments after yesterday’s round of talks, with Treasury Secretary Bessent saying they had a “good meeting” and Commerce Secretary Lutnick calling the discussions “fruitful”. While we await any concrete news, it’s worth remembering that markets have been used to a lot of back-and-forth in recent weeks. After all, US tariffs on China went all the way up to 145%, before they were then slashed back to 30%. Then Trump said that China “HAS TOTALLY VIOLATED ITS AGREEMENT WITH US.” But the following week he had a phone call that he said “resulted in a very positive conclusion for both Countries.” So there’ve been several twists and turns already, and markets are getting fairly used to this uncertainty by now. Note that US / India trade talks are also quietly expected to end today so maybe we’ll see some headlines there soon too.
In a generally light session, one supportive factor was some positive news on the inflation side, as the New York Fed’s Survey of Consumer Expectations showed a clear decline in inflation expectations. 1yr expectations came down four-tenths to 3.2%, whilst 5yr expectations were down to a 14-month low of 2.6%. So that was a far more benign assessment of inflation relative to other measures, as the University of Michigan’s reading had shown 1yr expectations surging up to 6.6% in May. So that was seen as encouraging ahead of the CPI print tomorrow, and that in turn supported a rally in front-end Treasuries, with the 2yr yield down -3.3bps on the day to 4.00% and the 10yr down -3.2bps to 4.47%, while 30yr yields were -2.8bps lower ahead of that monthly supply on Thursday.
Against that backdrop, the risk-on move broadly continued, which helped the S&P 500 (+0.09%) to a very modest advance. That was driven by the Magnificent 7 (+0.92%), which hit a 3-month high led by a +4.55% rise for Tesla which continued to recover as last week’s Trump-Musk feud appeared to wane. Small-cap stocks also outperformed, with the Russell 2000 (+0.57%) hitting a 3-month high of its own. On the other hand, defensive sectors within the S&P 500 lost ground, including utilities (-0.66%) and consumer staples (-0.24%). It was also a more negative story in Europe, with the STOXX 600 (-0.07%) losing ground after 4 consecutive gains, whilst the German DAX (-0.54%) saw a particular underperformance in thin trading due to a holiday.
In the quiet session, Italian BTPs continued to edge tighter, with the spread of 10yr Italian yields over bunds falling to just 92.1bps (-0.6bps), which is the tightest they’ve been since February 2021. In fact, the spread is getting increasingly close to the post-Euro crisis low of 88bps, back in 2015. Meanwhile in the UK, gilts did briefly underperform after the government announced a U-turn on paying winter fuel payments to most pensioners. But that had unwound by the end of the session, with 10yr gilt yields (-1.2bps) performing broadly in line with elsewhere.
Commodities gained amid the sanguine market mood, with WTI crude (+1.10%) posting its fifth advance in six sessions to reach a two-month high of $65.29/bbl.
Asian equity markets have picked up a bit of momentum overnight led by the Nikkei (+0.91%) and the ASX (+0.71%). Other markets are up but off their highs with the Hang Seng (+0.33%) and Shanghai Composite (+0.11%) slightly higher. S&P 500 (+0.35%) and NASDAQ (+0.45%) futures are optimistic we’ll get positive trade headlines today.
In FX, the Japanese yen (-0.19%) is dipping, trading at 144.85 against the dollar, following comments from BOJ Governor Kazuo Ueda, who noted that Japan’s price trend still has a considerable distance to cover to reach the 2% target. Some market participants have interpreted these remarks as diminishing the likelihood of an imminent interest rate hike.
To the day ahead now, and data releases include UK unemployment and Italian industrial production for April, and in the US there’s the NFIB’s small business optimism index for May. Meanwhile from central banks, we’ll hear from the ECB’s Villeroy, Holzmann and Rehn
2b/ European Opening Report
US equity futures lacklustre and Fixed bid as US-China talks commence; Lutnick says they are “going well” – Newsquawk US Market Open
Tuesday, Jun 10, 2025 – 05:52 AM
- US-China talks in London have commenced.
- US Commerce Secretary Lutnick says discussions with China are “going well”; talks to continue all day Tuesday.
- European stocks move lower ahead of US-China talks, FTSE 100 bid post-jobs data.
- GBP lags after jobs data which saw a slump in HMRC Payrolls and a further cooling in average earnings, USD ekes out mild gains.
- Gilts outperform as the UK labour market cools, USTs await US-China day two and 3yr supply.
- Crude is incrementally firmer, with XAU also modestly in the green.
- Looking ahead, US NFIB Business Optimism, EIA STEO, US-China Talks in London, Supply from the US.
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TARIFFS/TRADE
- US-China talks in London were scheduled to continue on Tuesday at 10:30BST/05:30EDT (delayed from 10:00BST/05:00ET, no reason provided) following talks on Monday which concluded after 6 hours and 40 minutes; the US Treasury announced Tuesday’s talks began around 10:44BST/05:44ET. Heading into the talks, US Commerce Secretary Lutnick said discussions with China are “going well”, and talks are to continue all day Tuesday.
- US DoJ requested that judges extend a hold on the ruling against Trump tariffs.
- Japanese PM Ishiba and US President Trump will hold bilateral talks on the sidelines of the G7 summit in Canada.
- Japanese Economy Minister Akazawa said the key is if Japan and the US can agree on a trade package, while it was separately reported that he is to visit the US and Canada from June 13th-18th for tariff talks, according to Nikkei.
EUROPEAN TRADE
EQUITIES
- European bourses (STOXX 600 -0.1%) opened mixed and on either side of the unchanged mark; sentiment did gradually improve just after the cash open but then a bout of hefty pressure took most European indices back into negative territory. No clear driver for the downside, but perhaps in anticipation of the US-China talks.
- European sectors are mixed and with no clear theme or bias. Energy takes the top spot, following closely by Autos & Parts; the latter likely benefitting from the optimism surrounding the US-China talks. Financial Services sits at the foot of the pile, with the downside driven by losses in UBS (-6.6%), reversing some of the upside seen on Friday and as traders digest the latest government proposals which aim to force the bank to hold an extra USD 26bln in extra capital.
- US equity futures (ES +0.1%, NQ +0.1%, RTY +0.2%) are flat/modestly firmer, as traders remain cautious going into day two of US-China talks. US docket ahead is very light but now attention is on any readout from US-China talks in London.
- TSMC (TSM / 2330 TT) May (TWD): Revenue 320.52bln (prev. 349.6bln M/M), Monthly Sales +39.6% Y/Y (prev. +48.1%)
- Meta’s (META) Zuckerberg is reportedly forming a new AI “superintelligence” team, via Bloomberg citing sources; focus will be on artificial general intelligence.
- The US Data Centre Coalition, includes Microsoft (MSFT), Amazon (AMZN), Meta (META) and others, wrote to Senate Majority Leader Thune asking him to retain clean energy subsidies that are set to be phased out in the tax bill that passed the House, via WSJ.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- USD has kicked the session off on the front foot with support stemming from the positive readout of the US-China trade talks which saw US Treasury Secretary Bessent state that it was a ‘good meeting‘ with China, whilst Commerce Secretary Lutnick said talks were “fruitful“. Focus today will be on the US 3yr auction, to give further indication of if the “Sell America” theme is still at play. DXY currently around 99.15.
- EUR is a touch softer vs. the broadly firmer USD with fresh macro drivers lacking for the Eurozone. Markets continue to be drip-fed ECB speak with known hawk Holzmann noting the pause in cutting rates could last a while. Elsewhere, France’s Villeroy remarked that the Bank has successfully normalised policy, adding that policy and inflation are now in a favourable zone. However, being in a favourable zone does not mean the Bank is static. EUR/USD continues to pivot around the 1.14 mark and is currently contained within Monday’s 1.1386-1.1439 range.
- JPY is fractionally lower vs. the USD, albeit off worst levels which saw the pair hit a new high for the month during APAC trade at 145.29. The price action took place alongside the broad pick-up in the USD and mostly positive risk appetite, which eventually faded. In terms of Japanese-specific newsflow, BoJ Governor Ueda reaffirmed the familiar rate hike signal but also stated the BoJ has limited room to underpin growth with rate cuts if the economy and prices come under strong downward pressure. On the trade front, Japanese Economy Minister Akazawa is reportedly to visit the US and Canada from June 13th-18th for tariff talks. USD/JPY has returned to a 144 handle but is holding above its 50DMA at 144.34.
- GBP is sat at the foot of the G10 leaderboard in the wake of the latest UK jobs which report which showed an expected uptick in the unemployment rate to 4.6% from 4.5%, a 109k slump in the HMRC payrolls change metric for May (largest decline since May 2020) and a further cooling of average earnings. In reaction, BoE market pricing moved dovishly, now fully pricing in a 25bps cut in September vs November pre-data. Cable has slipped onto a 1.34 handle for the first time since June 2nd with a current session low at 1.3457 (June 2nd low was at 1.3451).
- Antipodeans are both are slightly softer vs. the USD with price action choppy during APAC hours on account of mixed Business Sentiment data from Australia and the overall constructive risk tone. However, of greater interest for both will likely be the outcome of the US-China trade talks in London today given that China is both nation’s largest trading partner.
- PBoC set USD/CNY mid-point at 7.1840 vs exp. 7.1853 (Prev. 7.1855).
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- Gilts are outperforming, gapped higher by 55 ticks after a dovish UK labour market series. This caused Gilts to open at 92.36 before extending to a 92.66 peak with gains in excess of 80 ticks on the session at best. In brief, HMRC Payrolls fell more-than-expected with the accompanying wage figures also cooler than expected. In the near term, there is around a 10% implied probability of a June cut while August has increased to -18bps vs 15bps pre-release – a cut is now fully priced in September vs November pre-data.
- Bunds are in the green but with upside of only around half of that seen in Gilts at best. Specifics for the bloc include the latest ECB SMA and remarks from Villeroy, who said that while policy has now been normalised and the ECB is in a “favourable zone” this does not mean they are “static”. Bunds were only a little firmer in APAC trade, then caught a slight bid as the risk tone dipped in early morning trade before taking another leg higher alongside the Gilt open. Currently at 130.63, if the move continues, Friday’s high is just above at 130.77 before 130.99 from Monday and then last week’s 131.47 peak.
- USTs are broadly in-line with Bunds though the magnitude of gains is a little less, given that US equity futures have proven to be more resilient than European peers this morning; though, US equity sentiment is still very much on the back foot. Thus far, this has taken USTs to a 110-12 peak. If surpassed, Friday’s pre-NFP high resides at 110-29. The US data docket is light, focus turns to US-China talks in London and a 3yr auction thereafter.
- Netherlands sells EUR 2.45bln vs exp. EUR 2-2.5bln 2.50% 2035 DSL: average yield 2.749% (prev. 3.011%).
- Germany sells EUR 3.078bln vs exp. EUR 4bln 2.40% 2030 Bobl: b/c 1.8x (prev. 1.20x), average yield 2.14% (prev. 2.07%) & retention 23.05% (prev. 22.67%)
- Books have opened on the UK’s 1.75% September 2038 I/L Gilt via syndication; price guidance 11.75-12.25bps above November 2037 I/L. Orders for the UK’s 2038 I/L are in excess of GBP 46bln; price guidance unchanged. Orders for new UK 2038 I/L Gilt exceed GBP 58bln, according to a bookrunner; guidance set at 2037 I/L +11.75bps.
- Click for a detailed summary
COMMODITIES
- Crude prices are indecisive on a day when two major events (US-China talks and the Iranian nuclear counteroffer) are taking place. Ahead of the Iranian proposal, both sides confirmed the sixth round of nuclear talks will take place this weekend – the timing is unclear. Brent Aug’25 currently trades in a USD 66.95-67.40/bbl range.
- Spot gold is looking to build on Monday’s gains, as ongoing US-China tariff negotiations continue to support safe-haven demand – but with gains capped by modest Dollar strength. XAU/USD trades around 3,330/oz.
- Base metals are broadly lower, tracking the mood seen in Gold ahead of further trade/mineral-specific updates. EV sensitive metal Lithium is the outperformer, however, Palladium, used only in combustion cars, is suffering, given optimism on a rare earth deal. Copper has been rangebound, though is ultimately lower after the prior session of gains. The industrial metal looks to test the USD 9,760 mark, and sits within a USD 9,724-9,782.55 range.
- Kazakhstan says its oil exports to Germany via Druzhba pipeline +48% Y/Y in Jan-May; via Baku-Tbilisi-Ceyhan pipeline at +10% Y/Y in Jan-May.
- Click for a detailed summary
NOTABLE DATA RECAP
- UK HMRC Payrolls Change (May) -109k (Prev. -33k, Rev. -55k); ONS highlights the drop is the largest since May 2020, but caution about timing effects.
- UK Avg Earnings (Ex-Bonus) (Apr) 5.2% vs. Exp. 5.3% (Prev. 5.6%, Rev. 5.5%); Avg Wk Earnings 3M YY 5.3% vs. Exp. 5.5% (Prev. 5.5%, Rev. 5.6%)
- UK ILO Unemployment Rate (Apr) 4.6% vs. Exp. 4.6% (Prev. 4.5%); Claimant Count Unemployment Change (May) 33.1k (Prev. 5.2k, Rev. -21.2k)
- UK BRC Retail Sales YY (May) 0.6% (Prev. 6.8%); Total Sales YY (May) 1.0% (Prev. 7.0%)
- Barclays UK May Consumer Spending rose 1.0% Y/Y (prev. +4.5%)
- EU Sentix Index (Jun) 0.2 vs. Exp. -6.0 (Prev. -8.1)
- Italian Industrial Output YY WDA (Apr) 0.3% vs. Exp. -1.4% (Prev. -1.8%); Industrial Output MM SA (Apr) 1.0% vs. Exp. -0.2% (Prev. 0.1%, Rev. 0.0%)
NOTABLE EUROPEAN HEADLINES
- UK Chancellor Reeves is planning a ‘housing bank’ to provide cheaper financing for builders and is considering a funding settlement of up to GBP 25bln for social housing in Wednesday’s spending review, according to FT.
- ECB’s Holzmann said the pause in cutting rates could last a while and if economic data worsens there could be more cuts, while he is moderately optimistic about what will happen with Trump and tariffs, according to Orf TV.
- ECB’s Villeroy says ECB has successfully normalised policy; policy and inflation are now in a favourable zone Being in a favourable zone does not mean the Bank is static. ECB will be as agile as needed.
- ECB’s Rehn says will take decisions on a meeting by meeting basis, must avoid complacency over the inflation outlook.
- French President Macron says he does not rule out the possibility of dissolving the National Assembly and calling snap elections, according to Bloomberg.
NOTABLE US HEADLINES
- US House Speaker Johnson said they are on track to get a budget bill passed by Independence Day and urged the Senate to modify SALT as little as possible.
- US GOP Rep. Green notified the Speaker he would resign from Congress after the reconciliation package vote.
- US military confirmed it has activated 700 marines to help protect federal personnel and federal property in the greater Los Angeles area.
GEOPOLITICS
MIDDLE EAST
- The sixth round of nuclear talks between the US and Iran will take place either on Friday in Oslo or on Sunday in Muscat, according to an Axios reporter citing a US official, while Iran’s Foreign Ministry spokesman confirmed that the sixth round of Iran-US talks is being scheduled for Sunday, June 15th in Muscat.
- Security sources estimated if nuclear talks fail, Israel would have to decide whether to attack Iran, according to the Israeli Broadcasting Authority.
- Israel launched strikes on Yemen’s port city of Hodeidah, according to Houthi-affiliated Al Masirah TV.
- Israel’s navy attacked Houthi targets in the Hodeidah port of Yemen, via an army statement.
RUSSIA-UKRAINE
- Russia launched an air attack on Kyiv which Ukraine’s defence systems attempted to repel, while emergency units were dispatched to several districts in Kyiv after Russian drone attacks, according to the mayor.
- Flights were halted at all airports serving Moscow following a Ukrainian drone attack, according to Russia’s civil aviation authority.
CRYPTO
- Bitcoin is on a firmer footing and surges past USD 109k; Ethereum soars past USD 2.5k, with the broader crypto complex boosted.
- Societe Generale’s (GLE FP) stablecoin subsidiary will launch its first USD-backed stablecoin. On the Ethereum and Solana public blockchains.
APAC TRADE
- APAC stocks traded mostly higher with risk sentiment underpinned amid some optimism surrounding US-China talks which are set to resume on Tuesday and have been described so far by US officials as a ‘good meeting’ and “fruitful”.
- ASX 200 gained on return from the long weekend with the advances led by outperformance in Consumer Discretionary, Financials, Energy and Tech, while further upside was capped amid mixed consumer and business sentiment surveys.
- Nikkei 225 initially outperformed as it coat-tailed on the recent upside in USD/JPY which was partially facilitated alongside comments from BoJ Governor Ueda who stated that the BoJ is keeping the real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%.
- Hang Seng and Shanghai Comp kept afloat as the attention centred on US-China talks in London which are scheduled to extend for a second day.
NOTABLE ASIA-PAC HEADLINES
- Chinese President Xi and South Korean President Lee held a phone talk, while Xi said that China and South Korea should promote strategic cooperative partnership to a higher level and he urged the countries to inject more certainty into regional and international situation. Furthermore, Xi urged they jointly safeguard multilateralism and free trade and ensure stable, smooth global and regional industrial and supply chains.
- Chinese Vice President Han Zheng met with French President Macron in France and said that China is ready to work with the EU to further expand areas of cooperation and promote new development in China-EU relations, while Han said at the UN Ocean Conference that China will carry out bilateral and multilateral cooperation projects to support small island states and other developing countries in implementing sustainable development goals.
- Chinese Finance Ministry announced that China is working on setting up a childcare subsidy system.
- BoJ Governor Ueda said if the economy and prices come under strong downward pressure, the BoJ has limited room to underpin growth with rate cuts with the short-term rate still at 0.5% and noted that underlying inflation is still below 2%. Ueda stated the BoJ is keeping the real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%, but reiterated that the BoJ will raise interest rates if it has enough confidence that underlying inflation nears or moves around 2%.
DATA RECAP
- Australian NAB Business Confidence (May) 2.0 (Prev. -1.0); Conditions (May) 0.0 (Prev. 2.0)
- Australian Westpac Consumer Sentiment (Jun) 0.5% (Prev. 2.2%)
2c) Asian opening report
European futures lower despite optimism surrounding US-China talks, to resume 10:00BST – Newsquawk Europe Market Open
Tuesday, Jun 10, 2025 – 01:51 AM
- APAC stocks traded mostly higher with risk sentiment underpinned amid some optimism surrounding US-China talks; to resume 10:00BST.
- US Treasury Secretary Bessent said it was a ‘good meeting’ with China, Commerce Secretary Lutnick said talks were “fruitful”.
- European equity futures indicate a marginally negative cash market open with Euro Stoxx 50 future down 0.2% after the cash market closed with losses of 0.2% on Monday.
- USD is net positive vs. peers, EUR/USD sits around the 1.14 mark, JPY sits towards the bottom of the pile.
- Bunds are off lows but with the rebound relatively limited, crude futures are supported by the positive risk tone.
- Looking ahead, highlights include UK Employment & Average Earnings, ECB Survey of Monetary Analysts, EIA STEO, US-China Talks in London, US-Iran Nuclear deal “counter offer”, ECB’s Rehn, Supply from Netherlands, Germany & US.
SNAPSHOT
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1. Subscribe to the free premarket movers reports
2. Listen to this report in the market open podcast (available on Apple and Spotify)
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US TRADE
EQUITIES
- US stocks mostly eked mild gains in rangebound trade with most sectors higher, led by outperformance in Consumer Discretionary, Materials and Energy, while Utilities, Financials and Consumer Staples lagged. The main developments on Monday included US/China trade talks in a meeting that lasted for nearly 7 hours, which the US side described as “good” and “fruitful” so far, and with talks to resume on Tuesday at 10:00BST/05:00EDT, while the attention was also on the latest NY Fed SCE which saw consumer inflation expectations ease across the 1, 3 and 5-year horizons.
- SPX +0.09% at 6,006, NDX +0.17% at 21,798, DJI unch. at 42,762, RUT +0.57% at 2,144.
- Click here for a detailed summary.
TARIFFS/TRADE
- US President Trump said they are doing well with China and that China is not easy although he noted they are getting good reports from London and will see on lifting export controls.
- US Treasury Secretary Bessent said regarding US-China talks that it was a ‘good meeting’, while Commerce Secretary Lutnick said US-China talks were “fruitful”.
- US-China talks in London will continue on Tuesday at 10:00BST/05:00EDT following talks on Monday which concluded after 6 hours and 40 minutes.
- US DoJ requested that judges extend a hold on the ruling against Trump tariffs.
- Japanese PM Ishiba and US President Trump will hold bilateral talks on the sidelines of the G7 summit in Canada
- Japanese Economy Minister Akazawa said the key is if Japan and the US can agree on a trade package, while it was separately reported that he is to visit the US and Canada from June 13th-18th for tariff talks, according to Nikkei.
NOTABLE HEADLINES
- US President Trump said “that is okay” if the budget bill takes a little longer than the target .
- US House Speaker Johnson said they are on track to get a budget bill passed by Independence Day and urged the Senate to modify SALT as little as possible.
- US GOP Rep. Green notified the Speaker he would resign from Congress after the reconciliation package vote.
- US CBO said the US is to hit the debt limit deadline between mid-August and end-September.
- US military confirmed it has activated 700 marines to help protect federal personnel and federal property in the greater Los Angeles area.
APAC TRADE
EQUITIES
- APAC stocks traded mostly higher with risk sentiment underpinned amid some optimism surrounding US-China talks which are set to resume on Tuesday and have been described so far by US officials as a ‘good meeting’ and “fruitful”.
- ASX 200 gained on return from the long weekend with the advances led by outperformance in Consumer Discretionary, Financials, Energy and Tech, while further upside was capped amid mixed consumer and business sentiment surveys.
- Nikkei 225 initially outperformed as it coat-tailed on the recent upside in USD/JPY which was partially facilitated alongside comments from BoJ Governor Ueda who stated that the BoJ is keeping the real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%.
- Hang Seng and Shanghai Comp kept afloat as the attention centred on US-China talks in London which are scheduled to extend for a second day.
- US equity futures (ES U/C, NQ U/C) edged higher alongside the positive mood in Asia spurred by the US-China trade discussions.
- European equity futures indicate a marginally negative cash market open with Euro Stoxx 50 future down 0.2% after the cash market closed with losses of 0.2% on Monday.
FX
- DXY mildly strengthened and reclaimed the 99.00 status amid the optimism surrounding US-China trade talks although the gains were limited amid light newsflow and with the Fed in a blackout period. Furthermore, participants await a readout from US-China talks in London which are set to continue from 10:00BST/05:00EDT, while key data also looms with US CPI scheduled on Wednesday and the Fed’s preferred PPI inflation gauge on Thursday.
- EUR/USD gave way to the dollar strength and briefly dipped back below the 1.1400 handle, despite recent comments from ECB officials including Holzmann who said the pause in cutting rates could last a while but added that there could be more cuts if economic data worsens.
- GBP/USD pared some of its recent gains and trickled beneath Monday’s lows amid the firmer dollar, while participants await jobs and earnings data.
- USD/JPY momentarily reclaimed the 145.00 level to the upside amid the firmer buck and mostly positive risk appetite, with the advances also facilitated by comments from BoJ Governor Ueda who reaffirmed the familiar rate hike signal but also stated the BoJ has limited room to underpin growth with rate cuts if the economy and prices come under strong downward pressure, as well as noted the BoJ is keeping real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%.
- Antipodeans were choppy amid mixed Business Sentiment data from Australia and the overall constructive risk tone.
- PBoC set USD/CNY mid-point at 7.1840 vs exp. 7.1853 (Prev. 7.1855).
FIXED INCOME
- 10yr UST futures lacked direction as tailwinds from falling consumer inflation expectations waned.
- Bund futures were off the prior day’s lows but with the rebound limited after recent whipsawing and as supply looms.
- 10yr JGB futures conformed to the humdrum mood in global peers amid the positive risk tone and absence of tier-1 data, with pressure following weaker demand at the enhanced liquidity auction for 10yr, 20yr and 30yr JGBs.
COMMODITIES
- Crude futures kept afloat amid the positive risk tone but with the upside capped amid light energy-specific catalysts.
- Spot gold continued to pull back from yesterday’s peak amid a firmer greenback and lack of haven demand.
- Copper futures steadily faded the prior day’s gains despite the mostly positive risk appetite in the region.
CRYPTO
- Bitcoin gradually retreated overnight to beneath the USD 110,000 level.
NOTABLE ASIA-PAC HEADLINES
- Chinese President Xi and South Korean President Lee held a phone talk, while Xi said that China and South Korea should promote strategic cooperative partnership to a higher level and he urged the countries to inject more certainty into regional and international situation. Furthermore, Xi urged they jointly safeguard multilateralism and free trade and ensure stable, smooth global and regional industrial and supply chains.
- Chinese Vice President Han Zheng met with French President Macron in France and said that China is ready to work with the EU to further expand areas of cooperation and promote new development in China-EU relations, while Han said at the UN Ocean Conference that China will carry out bilateral and multilateral cooperation projects to support small island states and other developing countries in implementing sustainable development goals.
- Chinese Finance Ministry announced that China is working on setting up a childcare subsidy system.
- BoJ Governor Ueda said if the economy and prices come under strong downward pressure, the BoJ has limited room to underpin growth with rate cuts with the short-term rate still at 0.5% and noted that underlying inflation is still below 2%. Ueda stated the BoJ is keeping the real interest rate negative, so underlying inflation achieves 2% and keeps inflation sustainably and stably at 2%, but reiterated that the BoJ will raise interest rates if it has enough confidence that underlying inflation nears or moves around 2%.
DATA RECAP
- Australian NAB Business Confidence (May) 2.0 (Prev. -1.0)
- Australian NAB Business Conditions (May) 0.0 (Prev. 2.0)
- Australian Westpac Consumer Sentiment (Jun) 0.5% (Prev. 2.2%)
GEOPOLITICS
MIDDLE EAST
- US President Trump said they are doing a lot of work with Iran now and that they are tough negotiators, while he discussed Iran and other things with Israeli PM Netanyahu. Furthermore, Trump said the Iran meeting is on Thursday and that they are asking for things you cannot do, while he added they seek enrichment and can’t have it and so far, they’re not there, as well as noted that alternatives are ‘very very dire’.
- The sixth round of nuclear talks between the US and Iran will take place either on Friday in Oslo or on Sunday in Muscat, according to an Axios reporter citing a US official, while Iran’s Foreign Ministry spokesman confirmed that the sixth round of Iran-US talks is being scheduled for Sunday, June 15th in Muscat.
- Security sources estimated if nuclear talks fail, Israel would have to decide whether to attack Iran, according to the Israeli Broadcasting Authority.
- Israel launched strikes on Yemen’s port city of Hodeidah, according to Houthi-affiliated Al Masirah TV.
RUSSIA-UKRAINE
- Russia launched an air attack on Kyiv which Ukraine’s defence systems attempted to repel, while emergency units were dispatched to several districts in Kyiv after Russian drone attacks, according to the mayor.
- Flights were halted at all airports serving Moscow following a Ukrainian drone attack, according to Russia’s civil aviation authority.
EU/UK
NOTABLE HEADLINES
- UK Chancellor Reeves is planning a ‘housing bank’ to provide cheaper financing for builders and is considering a funding settlement of up to GBP 25bln for social housing in Wednesday’s spending review, according to FT.
- ECB’s Holzmann said the pause in cutting rates could last a while and if economic data worsens there could be more cuts, while he is moderately optimistic about what will happen with Trump and tariffs, according to Orf TV.
- French President Macron says he does not rule out the possibility of dissolving the National Assembly and calling snap elections, according to Bloomberg.
DATA RECAP
- UK BRC Retail Sales YY (May) 0.6% (Prev. 6.8%)
- UK BRC Total Sales YY (May) 1.0% (Prev. 7.0%)
- Barclays UK May Consumer Spending rose 1.0% Y/Y (prev. +4.5%)
3 .ASIA
3A NORTH KOREA/SOUTH KOREA
3B JAPAN
3C CHINA
CHINA USA
China’s Need For US Chemicals Greater Than US Need For Rare Earths
Monday, Jun 09, 2025 – 08:10 PM
US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see “Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates“) blunting the impact of its dominations of exports of rare earth metals.
China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion. That dwarfed the $170 million of rare earths the US imported last year, about 70% of which came from China, according to the US Geological Survey.
The figures show the dependence the US and China have developed on each other by ever tightening trade links over the past few decades. While China has a tight grip on refining many metals crucial for industry, it also takes in niche chemicals from the US that are difficult to buy elsewhere.
China leans on naphtha to produce most base chemicals, which are processed further to end up in everyday items like electronics and clothing. However, some plants can switch to cheaper propane when the economics make sense, which they do regularly. Propane dehydrogenation plants however can’t process alternatives like naphtha. The US accounted for over half of all China’s propane imports in 2024.
US producers have looked to China to buy their ballooning volumes of feedstock, the market value of which has almost quadrupled since 2020. China accounts for almost half of all new mixed-feed ethylene and propylene production capacity set to come online globally over the next four years, based on data compiled by BloombergNEF.
A forced divorce
The honeymoon period may be about to end. Following the implementation of tariffs by President Donald Trump’s administration in April, China retaliated with its own on US imports — including a 125% tariff on feedstocks like propane and ethane. The duty effectively killed the economics of importing US feedstocks.
Alternative sources of propane may be hard or expensive to come by, with producers in the Middle East sending most of their supplies to India, South Korea and Japan. While some rerouting could take place, Middle Eastern players could use the lack of alternatives for China’s propane dehydrogenation plants to charge a premium. China’s propane dehydrogenation operators, like Hengli Petrochemical, have already suffered from weak margins over the past years. Many may opt to shut their operations temporarily.
A messy settlement
China moved quickly to remove tariffs on US ethane as trade talks commenced. However, while China seems willing to buy US ethane, the US administration may no longer allow it. Enterprise Products Partners — the largest US-based exporter of petrochemical feedstocks — received a notice on Wednesday from the Bureau of Industry and Security at the US Department of Commerce, denying licenses to export ethane to China on the basis that such flows “pose an unacceptable risk of use in or diversion to a ‘military end use’ in China.” Energy Transfer received a similar communication.
China’s ethane cracking capacity is dwarfed by its capacity to process naphtha and propane, but almost all of its ethane imports come from the US. The restrictions will have a significant impact on the Lianyungang and Tianjin plants, owned by Satellite Chemical, Sinopec and INEOS. SP Chemicals, a Singapore-based producer, sources most of its feedstock from Enterprise Products Partners.
As the trade war continues, it appears commodities may lead the confrontation, with players on both sides set to feel the pain.
4. EUROPEAN AFFAIRS
UK
Free speech is in a free fall in the UK
(Jonathan Turley)
British Gov’t: Western Cultural Concerns Are Signs Of “Right-Wing Terrorist Ideology”
Monday, Jun 09, 2025 – 11:25 AM
Free speech in the United Kingdom has long been in free fall, with expanding criminalization and regulation of speech. Much of this effort is carried out to combat disinformation or radicalism.
The subjectivity of such “Prevent” standards is evident in a new media report that officers are being trained to look for “cultural nationalism,” including those people who are concerned that Western culture is under threat from mass migration.
Such concerns are now viewed as indicative of “right-wing terrorist ideology.”
Europe, like the United States, is showing a surge in political support for politicians seeking to limit and reverse mass immigration into their countries. That includes Great Britain.
The material is part of an online training course for British hospitals, schools, universities, and other public institutions that are expected to identify and report extremists to the government.
The training would subject a large number of British citizens to potential investigation as right-wing extremists. In 2023, a government report by William Shawcross concluded “populist conservative voices who have nothing to do with violent extremism” are often identified by investigators even though the overwhelming number of attacks committed in the UK were “Islamist in nature.”
There have also been warnings that by classifying “cultural nationalism” as an indication of extremism, the anti-terror scheme could be used to stifle public debate.
A Home Office spokesman insisted, however, that “Prevent is not about restricting debate or free speech, but about protecting those susceptible to radicalisation.”
That is a rationale already used in the UK to arrest those with dangerous thoughts or viewpoints.
For years, I have been writing about the decline of free speech in the United Kingdom and the steady stream of arrests, including in my book, The Indispensable Right: Free Speech in an Age of Rage.
A man was convicted of sending a tweet while drunk, referring to dead soldiers. Another was arrested for wearing an anti-police t-shirt. Another was arrested for calling the Irish boyfriend of his ex-girlfriend a “leprechaun.” Yet another was arrested for singing “Kung Fu Fighting.” A teenager was arrested for protesting outside of a Scientology center with a sign calling the religion a “cult.”
Nicholas Brock, 52, was convicted of a thought crime in Maidenhead, Berkshire. The neo-Nazi was given a four-year sentence for what the court called his “toxic ideology” based on the contents of the home he shared with his mother in Maidenhead, Berkshire. Judge Peter Lodder QC dismissed free speech or free thought concerns with a truly Orwellian statement:
“I do not sentence you for your political views, but the extremity of those views informs the assessment of dangerousness.”
Lodder lambasted Brock for holding Nazi and other hateful values:
“[i]t is clear that you are a right-wing extremist, your enthusiasm for this repulsive and toxic ideology is demonstrated by the graphic and racist iconography which you have studied and appeared to share with others…”
Recently, the UK effectively resumed blasphemy prosecutions and previously arrested a woman for silently praying to herself near an abortion clinic.
The training captures the potential chilling effect on speech where any publicly stated concerns over immigration and Western Civilization could lead to your being reported to the police. It reflects the cavalier approach to such speech regulations in not just the UK but throughout Europe. However, this European model is being promoted by many in the United States, including some who are calling on the European Union to challenge the United States over the regulation of speech.
END
GERMANY
Merz has done nothing once in office
(zerohedge)
30 Days Of Merz’s Germany: No Chainsaw, No Reform
Tuesday, Jun 10, 2025 – 02:00 AM
Submitted by Thomas Kolbe
After thirty days under Chancellor Friedrich Merz, the contours of his government are becoming clearer. From an economic policy perspective, the diagnosis is sound—but the treatment will worsen the disease.
Those who remember the Bundestag battles between then-Chancellor Gerhard Schröder (SPD) and his fiery rival, opposition leader Friedrich Merz, recall a man who once wrapped his rhetoric in the cloth of classical liberalism. Back then, Merz championed free enterprise where the state overreached, demanded tax cuts where the middle class was burdened, and called for deregulation to unleash growth. Had the “Milei chainsaw” existed in his time, Merz would have snatched it up with pride.
But those sweet days of opposition are long gone. Today, the spirit of the old CDU-SPD “grand coalition” has returned—with Merz sounding more like a budget manager than a reformer.
Big Promises, Hollow Delivery
Merz began his term promising to reignite the “power of the social market economy.” But across Berlin, there’s hardly anyone who knows how to make good on that vision. He spoke of liberating the economy, cutting red tape, recommitting to Germany’s constitutional debt brake, and ending the green-socialist central planning that’s throttled growth.
Yet skepticism is warranted. His campaign promises already lie in shambles, not least on migration. Germany’s border crisis continues under the fig leaf of federal police presence—a familiar pantomime. The Merz-led CDU bears sole responsibility for blocking real reform by childishly excluding the AfD from any policy alignment. This exclusion has sabotaged a possible political pivot. The “traveling chancellor,” who’s spent more time abroad than at home, will eventually crash headlong into immigration reality.
Style Over Substance
Merz’s zigzag course on the debt brake illustrates his preference for optics over substance. Instead of defending the constitutional limit on borrowing—a cornerstone of conservative fiscal thinking—he caved to his new left-leaning allies. Exploiting extra-budgetary “special funds” to circumvent the constitution is fiscal malpractice. The debt brake, once a firewall against runaway spending, is now exposed as a paper tiger.
Merz seems more inclined to avoid conflict than to defend the future. He trades tomorrow’s prosperity for today’s consensus. But real political discourse requires conflict—especially with those partners who uphold the so-called firewall against the AfD. In the moralizing echo chamber of the mainstream, real fiscal debate has no place.
Rising welfare costs due to recession, labor market erosion, and uncontrolled immigration will be patched over with increased payroll taxes and federal transfers. And as absurd as it may sound, the government’s solution is a trillion-euro “investment package” intended to give the illusion of forward momentum. Real reforms—on pensions or health care—remain off the table. Public debt is set to surge from 63% to 95% of GDP, pushing Germany into the middle tier of Europe’s debtor nations. But as long as social peace (or coalition harmony) is preserved, the price is deemed acceptable.
Fantasy Tools for a Real Crisis
Berlin bets on baby steps: a slight cut to corporate taxes, a reinstated degressive depreciation rule. These micro-measures are bundled under the marketing slogan “investment booster.” Familiar buzzwords return—cutting bureaucracy, speeding up permits, digitalizing the administration. Merz talks of a “business-friendly climate” but offers little more than old slogans in new wrapping.
Even his flagship idea—“growth ateliers”—to simplify bureaucracy for small firms is more linguistic inflation than serious reform. No ministries have been eliminated. The civil service continues to grow unchecked, the last booming “sector” of the economy. Businesses now bear €146 billion annually in administrative costs. In today’s Germany, entrepreneurs serve as fiscal prey.
Had Merz been serious about reviving Germany’s economy, he would have acted swiftly to reduce both living and production costs. Abolishing the CO₂ tax, scrapping the solidarity surcharge, or reopening the door to nuclear power would have been powerful signals. But nothing of the sort will happen. The list of rational reforms grows the deeper one ventures into Berlin’s political jungle. Merz needed a chainsaw. He won’t even pick up a paring knife.
Empty Words, Heavy Consequences
Given the crisis in Germany’s key industries—especially automotive—one might have expected a bolder course. Ending Brussels’ and Berlin’s war on combustion engines would be a start. The construction sector remains flatlined. Yet no serious attempt is made to roll back overregulation or the self-destructive climate laws. ESG mandates won’t be repealed. The “Heating Act,” the green centerpiece of the last government, will remain in place—merely “reformed.” Translation: pretend to change, preserve the core.
So far, the new government’s trajectory mirrors that of its predecessor. Merz frequently invokes Ludwig Erhard, the father of the social market economy, but betrays no real commitment to his principles. As the U.S. turns up the pressure in the trade war, Merz will face a decision: side with Brussels in building Fortress Europe, or begin dismantling the regulatory stranglehold on the Eurozone economy.
Either way, he’ll do it with a straight face. For like his predecessors, Merz too wants to go down in history as a “climate chancellor.”
* * *
Thomas Kolbe, born in 1978 in Neuss/ Germany, is a graduate economist. For over 25 years, he has worked as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.
END
FRANCE/EUROPE
LePen lashes out at the EU ” she wants the rebirthof Europe’s nations
(ReMix)
“The EU Is Not Europe!” — Marine Le Pen RalliesNationalists In Call For Rebirth Of Europe’s Nations
Tuesday, Jun 10, 2025 – 08:35 AM
Authored by Thomas Brooke via Remix News,
French nationalist politician Marine Le Pen launched a scathing attack on the trajectory of the European Union at the Patriots for Europe rally in France on Monday, declaring, “We don’t want to leave Europe. We want out of this Europe, because it is not Europe.”
Addressing a crowd of allies and supporters from across the continent, Le Pen opened her speech with a rejection of the EU’s current direction, accusing it of becoming a “merchant, wokist, ultraliberal empire” that tramples national sovereignty and democratic choice.
“Our Europe does not reside in Brussels,” Le Pen said. “What we are seeing today on our continent is in no way European. It is a counterfeit, a cold, fleshless, soulless machine.” She accused the European Union of replacing citizens with “interchangeable masses,” nations with “administered regions,” and elected leaders with “provincial governors.”
Framing the current political moment as a turning point in European history, Le Pen warned, “This is no ordinary hour. This is not just a political step. It is a fracture in history, a moment of truth where much more than the fate of a mandate or a parliament is at stake. What is at stake here is the freedom of peoples, the dignity of peoples, the existence of our nations.”
Her speech celebrated the formation of the Patriots for Europe group in the European Parliament, now the third-largest bloc, comprising nationalist and conservative parties, including the Netherlands’ PVV, Hungary’s Fidesz, Austria’s FPÖ, Italy’s Lega, and Spain’s Vox. “This group is as united as the fingers of one hand, united by a shared vision of life and the world, but also united by a great political project for our homelands and our Europe,” she told the crowd.
She paid tribute to allies like Hungary’s Viktor Orbán — calling Hungary “a beacon nation in Europe” —and Geert Wilders, praising the Dutch leader for collapsing the Dutch government last week after a row over asylum policy. “Because Geert Wilders chose to leave the coalition government precisely to prevent his country from being flooded with immigrants,” she said.
Le Pen also accused Brussels of silencing critics, warning that opposition voices were increasingly being criminalized. “In this European Union, as you will have noticed, any assertion of identity becomes an offense. Any desire for sovereignty is heresy. Any idea of freedom is suspect. Any criticism is labeled a conspiracy. Any opposition is branded as subversion, criminalized, and prosecuted.”
She warned that Europe’s bureaucratic elite were preparing for war while ignoring domestic insecurity. “All the European Parliament’s thematic committees are actively, I would say compulsively, preparing for a war in the east,” she said. “We, the peoples of Europe, who know the price of blood, do not want war.”
Taking aim at French President Emmanuel Macron, she mocked his posturing on the international stage while violence and chaos go unaddressed at home. “Who can seriously believe that Emmanuel Macron’s France could wage a major war when he is already incapable of managing the chaos that reigns on match nights 200 meters from the Élysée Palace?”
Calling for a rebirth of European civilization based on “democracy, identity, and technology,” she promised that any future transfer of powers in the EU would require a referendum and that no new country should be admitted without a vote.
“We will make free trade agreements conditional on social justice, respect for our standards, and fair protection for our industries. Above all, we will give the people of Europe back their most sacred right to choose who comes into their country and who stays,” she said.
Le Pen closed with a call to action, “The future belongs to those who fight, not to those who comment, not to those who lie down, but to those who stand up. So yes, Europe can still be reborn, but only on one condition: that its children fight for it… Long live the Patriots for Europe! Long live the nations and long live a Europe of free peoples.”
end
NATO/EU
IDIOTIC
‘Invest Now Or Learn Russian Later’: NATO Chief Wants 400% Increase In Europe’s Air Defense Spending
Tuesday, Jun 10, 2025 – 11:05 AM
NATO Secretary General Mark Rutte on Monday urged the European allies to make a “quantum leap” in military spending to deter Russia, which affirms Trump’s own longtime message, as the NATO chief called for a whopping 400% increase in the Continent’s air and missile defense budget.
“The fact is, we need a quantum leap in our collective defense,” Rutte said before an audience of the London-based think tank Chatham House. “The fact is, we must have more forces and capabilities to implement our defense plans in full. The fact is, danger will not disappear even when the war in Ukraine ends.”
The comments came days after he stated provocatively that Europe must invest heavily in defense now, or learn Russian later.
“If we don’t act now, the next three years, we are fine, but we have to start now, because otherwise, from three, four or five years from now, we are really under threat,” he had said. “I really mean this. Then you have to get your Russian language course out, or go to New Zealand.”
NBC reviews that all of this is happening just ahead of a key NATO meeting later in June:
Trump’s call for NATO allies to up their minimum defense spending from 2% to 5% of GDP was once seen as outlandish; but last month Rutte too backed this idea and said he expected it to be adopted at NATO’s June 24-25 summit.
On Monday he made a similarly ambitious call. He asked for a “400% increase in air and missile defense” and added that “militaries also need thousands more armored vehicles and tanks, millions more artillery shells, and we must double our enabling capabilities, such as logistics, supply, transportation, and medical support.”
Canada is already seeking to demonstrate to Washington and NATO that it is taking significant strides to meet the challenge:
Canada, under pressure to spend more on its military, vowed on Monday to boost funding for the armed forces and hit NATO’s 2% military spending target this fiscal year, five years earlier than promised.
Prime Minister Mark Carney also said Canada was likely in future to devote a greater percentage of GDP on defense, given the need to replace outdated equipment and reduce its heavy reliance on Washington.
NATO defense ministers are further expected to soon formalize the following increase in spending policies:
- They’ve agreed that 3.5% of GDP would be used for “core defence spending” – such as heavy weapons, tanks, air defence.
- 1.5% of GDP per year will be spent on defense- and security-related areas such as infrastructure, surveillance, and cyber. However, the full list of flexibility has not yet been negotiated.
- “These targets describe exactly what capabilities Allies need to invest in over the coming years,” Rutte told journalists.
Washington could step back from Ukraine support…
This is being collectively pushed for amid heightened Cold War-style rhetoric regarding Moscow’s intentions.
“The threats facing NATO are growing and our adversaries are certainly not waiting for us to re-arm or be ready for them to make the first move,” Rutte has also said. “We would prefer our allies move out urgently on reaching the 5%.”
Kremlin officials grab popcorn, set for more inter-NATO turmoil over the future of the alliance…
But this assumes that Moscow’s war in Ukraine is fundamentally expansionist in nature, and this has not been demonstrated – it is simply assumed. It remains that President Putin has shown no interest even in some kind of outright military occupation of Kiev.
So the idea that he’s ready to invade Poland or anywhere else on NATO’s ‘Eastern flank’ next is a huge assumption. Moscow has all along pointed out that it’s the NATO alliance which expanded itself right up to Russia’s doorstep.
Unhinged fear-mongering… engaged:
* * *
A note from Rabobank:
It’s unclear how much chickening out there is in geopolitics. Ukrainian drones just hit another Russian military target, destroying two fighter jets, as Germany’s outgoing spy boss and NATO chief Rutte both warned Russia could launch an attack against it within five years.
“Let’s not kid ourselves, we are all on the eastern flank. There is no east or west, there is just NATO,” Mr Rutte said, and the danger “will not disappear when the war in Ukraine ends.” Rutte specifically told the UK: “Spend more or learn to speak Russian.”
To help Brits appalled at the idea of learning a foreign language, and those who believe it might be better than vast state spending when fiscal deficits and public debt are sky high: “Когда мне снизят центральную банковскую процентную ставку?” (‘When do I get my rate cut?’ – that’s all that matters, right?) Even Canada is moving its Coast Guard to national defence and PM Carney will announce defence spending will be NATO’s 2% of GDP target this fiscal year – just in time for it to rise to 5% at its upcoming summit.
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/GRETA THUNBERG/FLOTILLLA
Interesting: activists turn their heads after watching some of Oct 7 footage
(JerusalemPost)
Greta Thunberg, Gaza flotilla activists refuse to watch Oct. 7 footage after ship siezed
According to Defense Minister Israel Katz, the activists refused to continue watching the film after seeing this content.
Climate activist Greta Thunberg was detained by the IDF on June 9, 2025.(photo credit: ISRAEL FOREIGN MINISTRY)ByANNA BARSKYJUNE 10, 2025 03:04
Israeli authorities screened footage of Hamas’s October 7 atrocities to Swedish climate activist Greta Thunberg and other pro-Palestinian flotilla participants upon their arrival in Ashdod on Monday, shortly after the IDF intercepted their ship, the Madleen, in international waters.
According to Defense Minister Israel Katz, the activists refused to continue watching the film after seeing the brutality of the attacks/
“These antisemitic flotilla activists closed their eyes to the truth and once again proved they prefer the murderers over the victims,” Katz said. “They continue to ignore the atrocities committed by Hamas against Jewish and Israeli women, the elderly, and children.”
The Madleen, carrying 12 pro-Palestinian activists and large amounts of humanitarian aid, was stopped early Monday morning by the Israeli Navy and brought to the port of Ashdod. Shortly before the activists’ deportation, Israel’s Foreign Ministry published a photo of Thunberg with an Israeli flag in the background.
Participants aboard the vessel included European Parliament member Rima Hassan, who previously justified the October 7 massacre; German activist Yasmin Achar; Irish actor Liam Cunningham (Game of Thrones); and Thunberg.
What was the Gaza Freedom Flotilla?
The flotilla, organized by the Freedom Flotilla Coalition, departed last week from Catania, Sicily, aiming to break Israel’s naval blockade of the Gaza Strip. The ship was carrying medical supplies, flour, rice, diapers, water desalination kits, prosthetics for children, and other humanitarian aid.
During the journey, the activists diverted their route to rescue four migrants stranded in the Mediterranean Sea.
As of Sunday, the vessel was reported to be about 402 kilometers from Gaza in international waters north of Alexandria. The IDF prepared in advance to intercept the ship before it could enter Israeli territorial waters; security officials emphasizing that the operation would be conducted with sensitivity to avoid escalation.
Katz had declared ahead of the operation that Israel would not allow the flotilla to reach Gaza. Following reports that the ship had lost radio signal while in Egyptian waters, the IDF carried out the interception.
“The State of Israel will not allow anyone to violate the maritime blockade on Gaza, whose primary goal is to prevent weapons from reaching Hamas—a murderous terrorist organization that holds our hostages and commits war crimes,” Katz said.
“I instructed the IDF to ensure the Madleen does not reach Gaza,” he continued, addressing Thunberg: “To Greta the antisemite and her Hamas propagandist friends—I say clearly: you will not reach Gaza. Israel will act against any attempt to break the blockade or support terror organizations—by sea, air, or land.”
The humanitarian flotilla was heavily promoted on social media as part of a broader effort to raise international awareness of the situation in Gaza.
Speaking to Al Jazeera, Thunberg said: “We hope to reach Gaza tomorrow or the next day. We are carrying humanitarian aid and will do our utmost to get through. We will try to break the blockade and open humanitarian corridors into Gaza. We need a ceasefire. We will keep our promises to the Palestinians and stand against Israel’s crimes.”
German activist Yasmin Achar told Al Arabiya the ship was 160 nautical miles from Gaza and that the activists intended to continue despite the threats. “We are in international waters. Any attempt by ‘the occupation’ to stop us will be considered a documented war crime,” she said.
“We bring a humanitarian and moral message,” Achar added. “The world must be ashamed. The arming of Israel must stop. Our message to the world is not to remain silent and to act in support of Gaza’s civilians.”
The current mission follows a previous attempt by the coalition in May, when its ship Conscience was damaged in an alleged UAV attack near Malta. This time, the vessel altered its point of departure and followed a more controlled route to minimize risk.
Israel’s defense establishment has reiterated that no ship will be allowed to breach the naval blockade of Gaza. The IDF remains prepared to act against any future attempts, while seeking to avoid unnecessary escalation or international condemnation.
In parallel to the flotilla, a solidarity initiative called the Global March to Gaza is also planned to take place overland through Egypt in the coming days.
end
ISRAEL VS HAMAS
IDF footage exposes Hamas’s brutal public execution of Gaza dissenter
“Watch how Hamas elements kill a resident of the Gaza Strip in a hideous manner. Hamas’s crimes do not stop,” Maj.-Gen. Ghassan Alian said.
https://player.jpost.com/public/player.html?player=jpost&media=3907909&url=https://frontend.jpost.com/A Hamas terrorist executes resident of Gaza City, June 8, 2025. (COGAT)ByJERUSALEM POST STAFFJUNE 8, 2025 12:50Updated: JUNE 8, 2025 17:50
The IDF released footage documenting the execution of a Gaza City resident by Hamas operatives on Sunday.
Maj.-Gen. Ghassan Alian, the coordinator of the Government Activities in the Territories, shared the video on the unit’s Arabic language Facebook page.
The footage depicted scenes of an execution that took place in Gaza City’s main square over the weekend.https://www.facebook.com/plugins/video.php?height=476&href=https%3A%2F%2Fwww.facebook.com%2FCOGAT.ARABIC%2Fvideos%2F654901237516407%2F&show_text=false&width=267&t=0“The terrorist and criminal organization, Hamas, kills you and does not care about your lives. There is no difference between a dictator who kills silently and a terrorist who slaughters openly. Both are your enemies and the enemies of life,” Alian said in the post.
“This shocking documentation in front of you is an additional desperate and failed attempt on Hamas’s part to instill fear in the public in order to maintain its rule and power, and to cynically exploit the people of Gaza in order to maintain its reign of terror,” he wrote.
Masked gunmen continue to threaten innocent Gazans
“Watch how Hamas kills a resident of the Gaza Strip in a hideous manner. Hamas’s crimes do not stop,” Alian said.
Last Sunday, the IDF published additional footage of masked Gunmen in Gaza shooting at Gazans trying to collect aid in southern Khan Yunis.
According to the military, the video, captured earlier in the day, showed men throwing rocks and firing weapons at fellow Palestinians trying to retrieve looted aid packages.“Hamas is a brutal and murderous terrorist organization that is starving the residents of Gaza,” the IDF said in an official statement.See more on
end
ISRAEL VS HAMAS
ISRAEL VS HOUTHIS
First a warning of a Yemen strike:
IDF warns of upcoming strikes on Yemen ports, Flotilla activists await deportation
Ships are docked at the Red Sea port of Hodeidah, Yemen, July 31, 2024.(photo credit: REUTERS/KHALED ABDULLAH)
ByJERUSALEM POST STAFF, WALLA!JUNE 9, 2025 22:59Updated: JUNE 10, 2025 00:09
IDF Spokesperson in Arabic, Avichay Adraee, issued an evacuation notice for three seaports in Yemen, according to a X/Twitter post on Monday night.
“Warning to all those present in the seaports controlled by the terrorist Houthi regime: Ras Isa Port, Hodeidah Port, Al-Salif Port,” the post read.
#عاجل تحذير لكل المتواجدين في الموانئ البحرية التي يسيطر عليها النظام الحوثي الإرهابي⭕️ميناء رأس عيسى⭕️ميناء الحديدة⭕️ميناء الصليف🔴أمامكم تحذير هام وعاجل🔴نظرًا لقيام النظام الحوثي الإرهابي باستخدام الموانئ البحرية لصالح أنشطته الإرهابية نحث جميع المتواجدين في هذه الموانئ… pic.twitter.com/8Yjo0HA4Dt— افيخاي ادرعي (@AvichayAdraee) June 9, 2025
“Due to the terrorist Houthi regime’s use of seaports for its terrorist activities, we urge all those present at these ports to evacuate and stay away from them for your own safety until further notice.”
Israel Air Force attacks Yemen ports
This comes after a series of Israel Air Force attacks in Yemen. On May 28, Defense Minister Israel Katz announced that the Air Force struck Sana’a International Airport and destroyed the Houthi’s last remaining aircraft. The attack was carried out as part of Operation Golden Jewel.
Israeli media reported that 15 fighter jets operated in daylight to disable two main ports in Yemen, after a long period of focused intelligence gathering. According to IDF estimates, the ports that were hit are not expected to return to full operation before a month has passed.
Katz said that the operation was “a clear message” to the Houthis regarding the terror group’s targeting of Israel.
This is a developing story.
Amichai Stein contributed to this report.
END
Then Israel srikes the port of Hodeidah
(JerusalemPost)
Israel strikes Yemen’s port city of Hodeidah, Houthi-run Al Masirah TV reports
ByREUTERS
Yemen’s Houthi-run Al Masirah TV reported on Tuesday that Israeli forces were conducting strikes on the Red Sea port city of Hodeidah.
The report follows a statement from the Israeli military’s Arabic spokesperson late on Monday, posted on X, urging the evacuation of the Houthi-controlled Yemeni ports of Ras Isa, Hodeidah and Salif. No immediate confirmation of the strikes was available from Israeli authorities.
end
Long-range missiles, days of planning: How the navy struck the Houthi’s Hodeidah port
The IDF said that the explosive power of the sea-to-land missiles would leave a mark and promote a different kind of deterrence than bombs from the air.
A man stands next to the wreckage of a power station destroyed by Israeli air strikes in the Red Sea port of Hodeidah, in Hodeidah,(photo credit: REUTERS/STRINGER)ByYONAH JEREMY BOBJUNE 10, 2025 14:08Updated: JUNE 10, 2025 17:48
Two navy missile boats, including a Saar 6, fired two long-range precision missiles from hundreds of kilometers away around 7:00 am against Houthi targets on Tuesday.
Some of the Houthi targets that were struck were platforms for ships to anchor within the port.
Further, the IDF said that the explosive power of the sea-to-land missiles would leave a mark and promote a different kind of deterrence than bombs from the air.
Getting the navy involved is part of a broader strategy to deter foreign ships from using or approaching the port, given that naval vessels can remain in the area and strike repeatedly, much more easily than aircraft, which must strike and then immediately fly back, lest they run out of fuel.
In addition, the navy, given its capability to remain at sea for an extended period, can be more precise about the ideal operational moment to strike.
In contrast, an airstrike is planned in advance with some intelligence awareness of the coming hours, but much less of an ability to time what will be occurring in the ports at the moment of a given airstrike.
The IDF had sent warnings of other ports that will be targeted
The IDF said there will be more naval operations against the Houthis in the future, without specifying a time frame.
In a warning late Monday night, the IDF had cited other ports which could be attacked in the near future.
No mention was made of using the naval forces against Iran.
Finally, the IDF said that one quarter of the naval soldiers involved in the operation were women, a new high for women serving in naval combat operations.
IRAN
when willl Trump learn! you cannot negotiate with this suicidal regime
(JerusalemPost)
Trump says Iran becoming ‘much more aggressive’ in nuclear talks
Iran confirmed that it will hold a sixth round of indirect talks with the US in Oman on Sunday, June 15.
Members of the Iranian Army work on a missile defence system during an air defence drill in an undisclosed location in Iran, in this handout image obtained on January 12, 2025.(photo credit: IRANIAN ARMY/WANA (WEST ASIA NEWS AGENCY)/HANDOUT VIA REUTERS)ByAMICHAI STEIN, JERUSALEM POST STAFFJUNE 10, 2025 18:49
US President Donald Trump said that Iran is becoming “much more aggressive” in nuclear talks in an interview with Fox News on Tuesday.
Iran confirmed that it will hold a sixth round of indirect talks with the US in Oman on Sunday, June 15.
Iranian Foreign Ministry spokesperson Esmail Baghaei said on Tuesday that the Islamic Republic and the US will hold the newest round of talks in Muscat next Sunday, with Oman as the mediator, Iran’s state media IRNA noted.
Iran and the US have already held five rounds of talks alternating between Oman and Italy. Oman is mediating and hosting the talks.
Seth J. Frantzman contributed to this report. This is a developing story. See more on
WEST BANK/JERUSALEM/ISRAEL
Watch: Border Police arrest dozens of illegal residents around Jerusalem border
Border Police officers arrested dozens of illegal residents around the outskirts of Jerusalem over the weekend.
https://player.jpost.com/public/player.html?player=jpost&media=3909137&url=https://frontend.jpost.com/Border Police officers arrested dozens of illegal residents around the outskirts of Jerusalem over the weekend (Credit: Israel Police)ByJERUSALEM POST STAFFJUNE 10, 2025 05:07
Border Police officers arrested dozens of illegal residents around the outskirts of Jerusalem over the weekend, Israel Police announced on Monday.
In addition to the illegal resident arrests, several drivers were also arrested on suspicion of assisting the residents.
IDF surveillance operators identified several suspects through a water culvert beneath the separation fence and into a mini-bus along Route 443, a highway that goes from Jerusalem towards Modi’in.
Border Police officers were notified and dispatched to stop the vehicle. The officers arrested 16 illegal residents as well as the driver. The group was detained and transferred for further questioning by the Border Police Jerusalem Perimeter Investigation Unit.
In another part of the operation, Border Police officers stopped another minibus near a factory in the Atarot industrial zone, close to a separation fence. 17 illegal residents were in the mini-bus and were arrested along with the driver.
Officers arrest those in connection with illegal residents
On Monday morning, Border Police officers in the Jerusalem area were deployed along the fence and security wall areas to continue their operation. Officers arrested multiple people suspected of attempting to enter Jerusalem illegally through various means.
“Anyone assisting illegal residents – whether by transporting them, sheltering them, employing them, or in any other manner – bears serious criminal responsibility and is a link in the chain that threatens internal security,” Israel Police stressed in a statement.
The Border Police also emphasized that they will continue their operation with determination, combining forces and the use of advanced technologies and tools to thwart any further attempts at illegal border crossings, as well as bringing all those to justice.
END
ISRAEL/GAZA MILITIA/HAMAS
Seems to be working! Israel armed Gazan militia ambushes 5 Hamas terrorists
(JerusalemPost)
Israel-armed Gazan militia claims it ambushed, killed five Hamas terrorists – report
A senior official in the group reportedly described Hamas as “a terrorist gang that oppresses our people.”
Image of militia leader Yasser Abu Shabab.(photo credit: SECTION 27A COPYRIGHT ACT)ByJERUSALEM POST STAFFJUNE 10, 2025 10:38Updated: JUNE 10, 2025 15:41
Yasser Abu Shabab Popular Forces, a militia group in Gaza which has received weapons from Israel, claimed on Tuesday that they killed five Hamas terrorists in an ambush attack, according to Israeli media.
A senior official in the group reportedly described Hamas as “a terrorist gang that oppresses our people.”
Hamas-affiliated Telegram channels complained of a “terrorist attack” on Hamas’s Saham Unit.
Who is behind the anti-Hamas militia group in Gaza?
Despite international reports that the group is working with Israel, the militia denied having received any support from the Jewish state. However, the leader confirmed they had a relationship with the Palestinian Authority.
“We are not working with Israel,” Yasser Abu Shabab told Army Radio last week.
“Our relations with the PA are carried out within the framework of the supreme national interest of the Palestinian people and the framework of its legal legitimacy.
“We carry out security checks through the Muhabarat mechanism [PA intelligence], which cooperates with us on this issue to ensure that terrorist elements do not enter and sabotage the liberation project from Hamas.”The PA did not confirm the involvement of the PMO or the Defense Ministry in security arrangements with the militia.”
The group also denied claims that they had any affiliation or connection with ISIS.
This is a developing story.
end
SYRIA/USA
This is interesting: USA to formalize military presence in Syria
(DeCamp)
US To Formalize Military Presence In Syria In Deal With AQ-Linked Govt
Monday, Jun 09, 2025 – 07:40 PM
Authored by Dave DeCamp via AntiWar.com,
The US is working to formalize its military presence in Syria by signing a deal with the new al-Qaeda-linked government, according to a report from The New Arab.
The report was published Friday and said that a high-level US military delegation was expected to meet with Syrian officials in the coming days with the goal of shifting the US military presence from an illegal occupation to a formalized, legal partnership.
The report comes as the US has been drawing down its forces in northeastern Syria and handing over some bases to the Kurdish-led SDF. The US is expected to maintain only one base in Syria, the al-Tanf Garrison in the south, which is situated where the borders of Syria, Iraq, and Jordan converge.
From al-Tanf, the US helped its proxy militia, known as the Syrian Free Army (previously known as the Revolutionary Commando Army), join in on the offensive led by Hayat Tahrir al-Sham (HTS) that ousted former Syrian President Bashar al-Assad on December 8, 2024.
A formal deal on al-Tanf would signal that the US is planning a long-term or even potentially a permanent military presence in Syria. The Pentagon has said that it’s currently working to reduce its forces in Syria to fewer than 1,000 troops in the country. According to the latest reports, approximately 1,500 US troops are currently stationed in the country.
The US has embraced the new Syrian government that’s led by HTS despite the group still being listed by the State Department as a foreign terrorist organization due to its al-Qaeda roots.
President Trump recently met with HTS’s leader and Syria’s de facto president, Ahmed al-Sharaa, formerly known as Abu Mohammed al-Jolani, and praised him as a “young, attractive guy” with a “very strong past.”
Sharaa got his start with al-Qaeda in Iraq, where he fought an insurgency against US troops before being imprisoned from 2006 to 2011. In 2012, he traveled to Syria and formed al-Qaeda’s affiliate in the country, the al-Nusra Front.
In 2016, Sharaa claimed the al-Nusra Front was cutting ties with al-Qaeda. At the time, he thanked the “commanders of al-Qaeda for having understood the need to break ties.” In 2017, he merged his group with several other Islamist factions to form HTS.
END
AUSTRIA
when will this stop!! we need mental institutions to stop this carnage of young people
Austria In Shock After School Shooting Leaves 10 Dead, Dozens Injured
Tuesday, Jun 10, 2025 – 10:05 AM
Submitted by Thomas Brooke of Remix News
Austria is in mourning after the worst school shooting in the country’s modern history unfolded on Tuesday morning in Graz.
A 22-year-old former student of the BORG Dreierschützengasse opened fire shortly before 10 a.m., killing at least nine people and injuring at least 28 others before taking his own life in a school restroom.
According to initial reports from Kronen Zeitung, the attacker used both a shotgun and a handgun during the rampage, which targeted two classrooms. Authorities confirmed that the gunman, a former pupil of the school, had recently acquired the weapons and may have been motivated by a long-standing grievance over bullying.
Governor Mario Kunasek of Styria (FPÖ) expressed deep shock in a public statement, “It is unbelievable what happened today in Graz. As governor and as a father, I am deeply saddened by this act of madness, which has brought so much disaster and incredible suffering. My thoughts are with the innocent victims, families, and teachers.”
Austrian Chancellor Christian Stocker and members of the federal government traveled to Graz to address the nation. A press conference was scheduled for the afternoon to provide further details about the tragedy.
The scene was rapidly secured by emergency responders, including the elite Cobra police unit. Authorities have since declared the situation safe, although the area around the school remained cordoned off for much of the day. Two care centers were set up to provide support for victims, families, and witnesses.
The Styrian hospital association KAGes confirmed that at least 28 people, including students and staff, were injured in the attack and are receiving treatment. Victims were distributed across multiple hospitals in Graz, with psychological care being extended to both families and medical personnel.
Video footage circulated online shows the moment gunfire erupted inside a classroom, and additional clips depict emergency teams sweeping through the school with weapons drawn.
Terrified students can be seen fleeing the building or waiting in shock as medics carry away the wounded.
Continue reading at Remix news
RUSSIA VS UKRAINE
Sen. Tuberville Blasts Zelensky For Seeking To ‘Lure NATO’ Into A War Ukraine Is ‘Losing’
Monday, Jun 09, 2025 – 07:15 PM
Republican Senator from Alabama Tommy Tuberville has blasted Ukrainian President Volodymyr Zelensky for trying to “lure NATO” into their war with Russia, given Ukraine knows it is ‘losing’ the over three-year long conflict.
“There is no doubt, because he cannot win this war on his own. He knows he’s losing,” Tuberville said in Sunday remarks while being interviewed on John Catsimatidis’s radio show “Cats Roundtable” – as reported in The Hill.
While the Trump administration, and particularly Defense Secretary Pete Hegseth, long ago made clear that Ukraine will never join NATO, some European nations have continued to push the initiative.
Tuberville while commenting on Ukraine’s brazen ‘Operation Spider’s Web’ which destroyed Russian strategic bombers and other military aircraft a week ago, described of Ukrainian forces:
“They drove trucks 2,000 miles into Russia. They had drones that were covered up in the backs of these trucks. They got close to the targets, opened up these trucks, the drones flew out and destroyed somewhere around 40 major airplanes that Russia uses in their nuclear arsenal.”
He seemed to present this as one rare and limited success. “It was devastating. Then again, both sides are at fault. Let’s get this thing over with. And President Trump is the one who can get this done,” he continued.
Russian state media also picked up on the provocative comments: “Hundred per cent, there is no doubt, ’cause he [Zelenskyy] can’t win this war on his own. He knows he is losing,” Tuberville said in an interview with the WABC broadcaster on Sunday, when asked if the Ukrainian president is trying to lure NATO into the conflict, Sputnik summarized.
Tuberville further echoed some prior criticisms issued first by Trump: “Zelensky is a dictator, and he has created all sorts of problems. We’ve got a lot of money that’s been missing. No telling where it’s gone…,” the Alabama Senator said.
“I think both of these [nations] have lost close to 500,000 to 700,000 people. It’s devastating to the world,” he added.
While President Trump seems more and more willing to cease pushing the warring sides to the negotiating table, amid growing frustration, there’s been no mention of halting arms flows to Kiev.
The US administration now frames these arms transfers as ‘defensive’ in nature, but it’s also clear that Ukrainian forces are heavily reliant on this Western aid as they mount attacks deep inside Russia.
Without it, Ukrainian front lines would probably rapidly recede, and the Zelensky government would be quickly placed in a situation where it would need to sign on to territorial concessions. But so far, the Ukrainian leader has refused to contemplate giving up land, and is even vocally resistant to ceding Crimea.
end
UKRAINE ISRAEL
this is a huge escalation!
(zerohedge)
Israel Unveils Unprecedented Transfer To Ukraine Of ‘Several’ Patriot Missile Batteries
Monday, Jun 09, 2025 – 03:45 PM
In early May it was first reported that a US-supplied Patriot air-defense system that was based in Israel would be refurbished and sent to Ukraine. This was despite what the White House’s National Security Council said at the time in a statement: “President Trump has been clear: he wants the war in Ukraine to end and the killing to stop.”
But American and Western arms for Ukraine have continued flowing, with no end in sight, despite what was a very brief stoppage of maybe a couple days earlier in Trump’s term. Israel has just revealed that it wasn’t merely “one” Patriot battery transferred to Ukraine, but “several”.
Israeli Ambassador to Ukraine Michael Brodsky unveiled in a Sunday interview with Pravda USA that Israel has delivered several MIM-104 Patriot surface-to-air missile systems to Kiev, in a clear significant escalation in its military support to the Zelensky government.
During the opening years of the war Israel largely remained on the sidelines, for fear of damaging sensitive relations with Russia, which has maintained a military presence on the Mediterranean, along Syria’s coast. But times have changed, and Russia could be packing up its Syrian naval and air bases, given the December overthrow of its ally Assad and the Jolani regime being installed in Damascus.
Ambassador Brodsky told the Ukrainian media publication (according to machine translation):
The Patriot systems that we once received from the United States are now in Ukraine. These are Israeli systems that were in service with Israel in the early 90s. We agreed to transfer them to Ukraine. And unfortunately, not much was said about this. But when they say that Israel did not help militarily, this is not true. This is not true,” Brodsky emphasized.
This appears to be confirmation of what Axios reported in late January:
The U.S. military transferred around 90 Patriot air defense interceptors from storage in Israel to Poland this week in order to deliver them to Ukraine, three sources with knowledge of the operation tell Axios.
These are apparently older US-supplied systems which remained in Israel’s stockpile. Still, the NY Times had presented that merely one Patriot battery was being prepped, in this May 4 report for example:
A Patriot air-defense system that was based in Israel will be sent to Ukraine after it is refurbished, four current and former U.S. officials said in recent days, and Western allies are discussing the logistics of Germany or Greece giving another one.
The officials, speaking on the condition of anonymity because of the sensitivity of the discussions, declined to describe President Trump’s view of the decision to transfer more Patriot systems to Ukraine.
Israel is perhaps only making this public now in the context of Russia’s air war against Ukrainian cities, and the capital in particular, heating up.
Tel Aviv is also facing unprecedented international scrutiny over the ongoing Gaza war, and no doubt wants a PR ‘win’ in the eyes of European nations, some of which are poised to recognize a Palestinian state. Israel seems to be jumping on in support of the European ‘coalition of the willing’ bandwagon, and wants the world to know this.
end
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
‘Clean Sweep’: RFK Jr. Boots Entire CDC ‘Rubber-Stamp’ Vax Panel
Monday, Jun 09, 2025 – 09:10 PM
Health and Human Services Secretary Robert F. Kennedy Jr. has fired every member of the CDC’s vaccine advisory panel in a sweeping move he says is meant to restore public trust, but critics are calling it reckless and radical.
In an op-ed published in the Wall Street Journal, Kennedy said the Advisory Committee on Immunization Practices (ACIP) had been plagued by conflicts of interest, rubber-stamp behavior, and opaque decision-making for decades – and that only a “clean sweep” could fix it.
The committee has been plagued with persistent conflicts of interest and has become little more than a rubber stamp for any vaccine. It has never recommended against a vaccine—even those later withdrawn for safety reasons. It has failed to scrutinize vaccine products given to babies and pregnant women. To make matters worse, the groups that inform ACIP meet behind closed doors, violating the legal and ethical principle of transparency crucial to maintaining public trust. -RFK Jr.
The 17-member ACIP panel – made up of independent scientists, doctors, and public health professionals – was scheduled to meet later this month to review recommendations, including those involving COVID-19 vaccinations for children. That meeting will still go ahead, but without the current panelists, some of whom Kennedy said were ‘last-minute Biden appointees’ whose terms would have otherwise extended until 2028.
“Without removing the current members, the current Trump administration would not have been able to appoint a majority of new members until 2028,” Kennedy wrote.
Kennedy’s defenders say this is exactly the kind of bold move needed to break the credibility crisis surrounding vaccine science and government health agencies. The new appointees, he pledged, “won’t directly work for the vaccine industry” and will “refuse to serve as a rubber stamp,” instead fostering “a culture of critical inquiry”.
But critics say the move reeks of ideology and raises fears that Kennedy will stack the committee with vaccine skeptics or unqualified appointees, further eroding trust.
“Firing experts that have spent their entire lives protecting kids from deadly disease is not reform — it’s reckless, radical, and rooted in conspiracy, not science,” said Senate Minority Leader Chuck Schumer (D-N.Y.) in a scathing statement.
Sen. Bill Cassidy (R-La.), who said Kennedy had pledged to leave ACIP intact during confirmation talks, posted on X that he was now concerned about who would replace the experts.
“Of course, now the fear is that the ACIP will be filled up with people who know nothing about vaccines except suspicion,” Cassidy wrote.
Kennedy, however, insists this isn’t about ideology — it’s about transparency, independence, and restoring the public’s faith in an institution that once commanded global respect.
“In the 1960s, the world sought guidance from America’s health regulators,” Kennedy wrote. “Public trust has since collapsed, but we will earn it back.”
Whether the public sees this as reform or a purge, one thing is clear: the Trump administration is moving fast to reshape America’s health bureaucracy — and no sacred cow is safe.
MARK CRISPIN MILLER
The flood is rising! 110 new studies reconfirm what we’ve shown here: that “vaccination” kills, and cripples, and makes people dangerously crazy
It’s getting ever harder for sane people to deny what “vaccination” does—and not to see that (real) scientists, and some pols, are starting to close in on the perpetrators of this stunning crime
| Mark Crispin MillerJun 10 |
Senate Report Exposes How Federal Health Officials ‘Downplayed’ COVID Vaccine Risks, Failed to Warn Public
May 21, 2025
The records show how U.S. Department of Health and Human Services (HHS) officials under Biden avoided issuing a formal warning to the American public despite a safety signal that the COVID-19 vaccines could cause myocarditis and pericarditis, especially in young men.
Dr. McCullough Drops the Hammer in the Senate — FDA Concedes with Expanded Myocarditis Warning
May 23, 2025
Dr. Peter McCullough’s Senate Testimony Exposes the Full Scope of COVID-19 Vaccine Heart Damage and Death
FOCAL POINTS (Courageous Discourse)
Dr. McCullough Drops the Hammer in the Senate — FDA Concedes with Expanded Myocarditis Warning
by Nicolas Hulscher, MPH…
19 days ago · 3266 likes · 646 comments · Nicolas Hulscher, MPH
The Corruption of Science and Federal Health Agencies: How Health Officials Downplayed and Hid Myocarditis and Other Adverse Events Associated with the COVID-19 Vaccines
May 21, 2025
mRNA Shots Induce Cancer-Linked Bone Marrow Reprogramming Within Weeks
June 5, 2025
New study analyzed leukemia patients who developed cancer within weeks of mRNA injection—their bone marrow showed distinct cancer-associated metabolic alterations.
FOCAL POINTS (Courageous Discourse)
BREAKING: mRNA Shots Induce Cancer-Linked Bone Marrow Reprogramming Within Weeks
The study titled, Metabolomic Profiling of Leukemic Hematopoiesis: Effects of BNT162b2 mRNA COVID-19 Vaccine Administration, was just published in Current Molecular Medicine…
5 days ago · 247 likes · 67 comments · Nicolas Hulscher, MPH
Studies of 184 Million People Confirm Covid ‘Vaccines’ Are ‘Not Safe for Human Use’
April 15, 2025
Investigations into the health outcomes of a staggering 184 million vaccinated people have confirmed that Covid mRNA “vaccines” cause multiple deadly diseases, injury, and sudden deaths.
Four major landmark studies were analyzed by McCullough Foundation epidemiologist Nicolas Hulscher, MPH.
The results of the studies were combined to reveal that deaths, heart attacks, strokes, and multi-organ failure all skyrocketed among people who received Covid mRNA injections.
After reviewing the studies of 184 million people, Hulscher declared that Covid mRNA “vaccines” are “NOT SAFE FOR HUMAN USE.”
Dr. Simone Gold (post on X):
April 18, 2025
VAERS: 38,541 deaths. 220,494 hospitalizations
73,311 permanently disabled. All in the U.S. alone—all reported after mRNA shots. This is from the CDC’s own data. Still think they’re “safe and effective”?
Link
CDC Knows ‘Horrible Covid Shots’ Caused ‘38,000 Deaths’
April 11, 2025
A prominent doctor is sounding the alarm about “horrible Covid shots” as the U.S. Centers for Disease Control and Prevention (CDC) continues to push the mRNA “vaccines” onto children despite having evidence that they caused at least “38,000 deaths.” The warning was issued by Dr. Mary Talley Bowden during an interview with Tucker Carlson. (Video included: Interview with Tucker Carlson.)
A Horrifying Breakthrough in the WHITE FIBROUS CLOT Saga
April 19, 2025
Clotastrophe
A Horrifying Breakthrough in the WHITE FIBROUS CLOT Saga
A POST BY TOM HAVILAND…
2 months ago · 428 likes · 312 comments · Laura Kasner
In depth analysis by chemist Greg Harrison and his team of “white fibrous blood clots” provided by embalmer Richard Hirschman. They were able to link the clots to the components of the SARS-COV II vaccines.
Video interview here:
Microscopic and Biochemical Analysis of Anomalous White Fibrous Clots from Deceased mRNA Injection Recipients
May 8, 2025
Gold-standard analytical techniques reveal a potential novel infectious amyloid pathology associated with Spike protein exposure.
FOCAL POINTS (Courageous Discourse)
By Nicolas Hulscher, MPH…
a month ago · 331 likes · 129 comments · Nicolas Hulscher, MPH
Worldwide Embalmer Survey Reveals Striking Rise in White Fibrous Clots Following COVID-19 Vaccination
May 16, 2025
FOCAL POINTS (Courageous Discourse)
By Nicolas Hulscher, MPH…
25 days ago · 267 likes · 109 comments · Nicolas Hulscher, MPH
Prion-Like Amyloid Fibrils Found in 3-Year-Old Born Lifeless After In-Utero Pfizer mRNA Injection Exposure
June 6, 2025
Dr. Kevin McCairn Reveals How Biowarfare Attacked The Children. … the first-ever documented case of prion-like amyloid fibrils in the blood of a chronically ill 3-year-old exposed in utero to Pfizer’s mRNA injection.
FOCAL POINTS (Courageous Discourse)
By Nicolas Hulscher, MPH…
4 days ago · 208 likes · 105 comments · Nicolas Hulscher, MPH
Top Neurosurgeon Sounds Alarm: Covid ‘Vaccines’ Are ‘Bioweapons’ Designed to ‘Kill People’
April 21, 2025
He clarifies how SV40 is responsible for the escalating “turbo cancer” crisis that is being reported by oncologists around the world.
According to Kruse, the plan to spread the cancer virus has been in the works since SV40 contaminated polio vaccines.
“This is a bioweapons program that spans 75 years,” Kruse asserts.
“We have killed more people in the last 4 years than we did in any world war we’ve been involved with.”
According to Kruse, Pfizer intentionally spiked its Covid mRNA “vaccine” with SV40 to trigger a “turbo cancer” epidemic.
Study of 2.3 Million: mRNA Shots Cause ‘Vaccine-Induced AIDS’
April 23, 2025
A major new study has confirmed that covid mRNA shots cause vaccine induced AIDS to develop in those who receive the injections.
COVID Intel – by Dr.William Makis
NEWS: Study of 2.3 Million: mRNA Shots Cause ‘Vaccine-Induced AIDS’
DR PAUL ALEXANDER
last 60 or so years, were many cases of Sudden Infant Death, crib death, sudden infant death syndrome really due to MMR (measles mumps rubella) & DPT (diphtheria, pertussis, tetanus) vaccine in
infants, children? we need urgent comparative effectiveness clinical research (HHS, FDA, NIH, RFK Jr.) looking at infants who get vaccines vs those who do not; nothing to do with sleeping on stomach?
| Dr. Paul AlexanderJun 10 |
Miller found: “The excess of deaths during these early post-vaccination periods was statistically significant (p < 0.00001). A review of the medical literature substantiates a link between vaccines and sudden unexplained infant deaths. Several theories regarding the pathogenic mechanism behind these fatal events have been proposed, including the role of inflammatory cytokines as neuromodulators in the infant medulla preceding an abnormal response to the accumulation of carbon dioxide”
I do not know the answer but am inclined to think there is a link based on all I know about the toxic effects of vaccines today and the madness of giving infants so many different vaccines. Soon after birth.
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
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BREAKING! Breggin: ‘RFK Jr. blatantly supports the deadly mRNA COVID shots and must be forced to resign Allowing the mRNA Covid vaccines to be continued against older people and other vulnerable
people is unconscionable’; Breggin drops a MOAB over this very troubling situation whereby the Malone Bourla Pfizer et al. mRNA vaccine remain on US market despite the deaths from it!
| Dr. Paul AlexanderJun 9 |
Breggin: ‘Many of us will remain eternally grateful to Robert F. Kennedy Jr., for helping to elect Donald Trump to the Presidency, bringing America First to power in our nation and the world. Now, RFK Jr. must be removed from office immediately, before he can cause further damage!’
What is your view?
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.
Breggin says RFK Jr. must be fired, I say no, fire Makary, Bhattacharya, and Prasad and place qualified, informed, unbiased persons into the positions for to me, they are blocking true reform. Lots of talk but IMP bullshit. I think RFK Jr. may actually be subverted here…I will not absolve him of blame entirely, but he is no scientist etc. and depends on these clowns to advise him. I call them clowns now. A clown car again, we had it in the Task Force Term one. Different clowns, taking up space. And they are all subverting Trump fundamentally. Again, I do not think these people are stupid and have no idea what is happening. Breggin did us a solid here. He is showing us that we the people are being diverted to look elsewhere while we are being destroyed again. More mRNA.
RFK Jr. blatantly supports the deadly mRNA COVID shots and must be forced to resign
Start Breggin here:
‘On May 30, 2025, the FDA issued an approval letter1 for Moderna’s new mRNA Covid “vaccine,” and the conditions that go with it. Somehow, many informed people seem unable to grasp what this means. The mRNA slaughter of millions of Americans, in particular the elderly, pregnant women, and their children, will continue. With 38,615 deaths from Covid vaccines reported to the FDA as of today, mostly from the U.S., the FDA on May 30 authorized the continued use of the deadly mRNA vaccines.2 And as we will discuss further on, each of these reported deaths represents more than 100 actual deaths that go unreported.
The FDA approval letter continues to support the mass killing of older people with the jabs and leaves open the mass jab assault on pregnant women and their offspring. The “vaccine” trials had no placebo controls, and the Moderna presentation of its case for approval was considered so perfect that it did not warrant an FDA Review Committee because, believe it or not, it was not “controversial.”
The strategy in the FDA approval letter continues the murder of the elderly, and it will continue to inflict multiple diseases on the population, including sterility, cardiovascular disease, turbo cancers, increased rates and severity of respiratory illnesses, and a general decline in our immune systems.3
To make matters much, much worse, Kennedy has now released a statement on X that reassures people that there is nothing, absolutely nothing, to worry about surrounding the FDA approval of the latest mRNA vaccine. Never mind the lack of a placebo control group or an FDA Vaccine Committee Review. Never mind that there’s no prohibition against giving it to pregnant women. Never mind, there is no restraint whatsoever on continuing the slaughter of old people, who are disproportionately the ones already being killed and most harmed.
Time for Definitive Action
We appreciate Naomi Wolf’s excellent “An Open Letter to HHS Secretary Kennedy and FDA Commissioner Marty Makary: Deliver on MAHA Agenda,”4 which was published shortly before we finished this report. But warnings are no longer enough. On the basis of her observations and our new disclosures in this analysis, it’s past time for Robert F. Kennedy Jr., to resign or be removed from public office.
Kennedy, whether he knows it or not, is doing the bidding of the Deep State, extreme progressivism, and predatory globalism, including depopulation and the mass killing of Americans. Beyond the Deep State, there are the global predators who are enforcing the global empire upon us as we first began describing in Covid-19 and the Global Predators: We Are the Prey.5
We believe these evil forces are behind the FDA approval and Robert F. Kennedy Jr.’s confirmation of the brand-new Moderna mRNA Covid jab. Whether Kennedy knows it or not, they are also behind his personal strategy promoting methylene blue, MDMA, and “hallucinogens.” The overall aim of the globalists is to weaken the bodies, brains, and minds of the American people in order to enforce their compliance with their aspiration to defeat America First as the main obstacle to their success.
RFK Jr. and the Covid mRNA Vaccines
RFK Jr. promised us that no further vaccines for Covid would be allowed for patients between 12 and 64 unless they were tested in controlled clinical trials. He has also promised to replace the system whereby Covid vaccines are “approved” without placebo-controlled trials. And when the FDA recently set up a new plan that included giving the Covid vaccines to pregnant women, because pregnancy is a “pre-existing condition” that supposedly increases the risk of severe Covid, RFK Jr. promised it would never happen.
The simple truth is that Covid vaccines cause a whole range of horrific risks to the pregnant mother and her unborn child, her newborn child, and her never-born child. The publicity surrounding the testimony of James Thorp, MD, before Congress helped publicize the risk,6 encouraging and supporting RFK’s brief and ineffective attempt to stop the assault on women and their children. But their biggest threat is the continuing mass murder of our older population.
All that was before May 30, 2025, when the FDA gave approval to Moderna’s new mRNA Covid vaccine called MNEXSPIKE. Fewer people were accepting vaccines, and Moderna’s shares were plummeting in value, until the new strategy was announced. The FDA approval letter states:
MNEXSPIKE is approved for use in individuals who have been previously vaccinated with any COVID-19 vaccine and are 65 years of age and older, or 12 years through 64 years of age with at least one underlying condition that puts them at high risk for severe outcomes from COVID-19.
First, there is no mention of withholding the vaccine for pregnant women in this quote or anywhere in the letter. Not only is there no exclusion for pregnant women, since the FDA has previously labeled pregnancy as an “underlying condition,” but the FDA has also established the right to give them Moderna’s new vaccine. Beyond that, pregnant women commonly have “underlying conditions” such as excessive weight gain, hypertension, and pre-diabetes, further enabling them to get the vaccines. In short, pregnant women have been betrayed!
Second, people over 65 will continue to get the mRNA vax. The rates of death from the mRNA Covid vaxes in this group are so astronomical as to be murderous, a true genocide of people whom progressives and globalists consider very expendable societal baggage. The oldest among us usually do not contribute to the economy and instead drain the economy through Social Security, Medicare, and other disability programs. RFK Jr. is not on record as being against this slaughter, which continues unabated and will now increase. Moderna’s stock has literally gone up.
Third, no controlled clinical trials were involved. For a long time, the vaccine manufacturers have been exempt from comparing their products to placebo studies, as all other drugs are required to do. Instead, vaccine manufacturers are allowed to compare their product to other approved vaccines. If their product is roughly as effective and safe, it’s approved.
Since there are thus more than 19,000 deaths already reported to the CDC/FDA VAERS reporting system from Covid vaccines, it’s like comparing one poison, the new mRNA jab, to existing poisons in the form of current mRNA Covid vaccines and finding them about as helpful and safe. That’s exactly like proving a new alcoholic drink or cigarette is no worse than other alcoholic drinks or cigarettes — and then getting them approved on that basis.
Fourth, the FDA letter, under a bold subhead “ADVISORY COMMITTEE,” says there was no need for an Advisory Committee because there was nothing worth the committee’s time to worry about. According to the FDA, Moderna’s entire elaborate presentation to the FDA “did not raise concerns or controversial issues that would have benefited from an advisory committee discussion.” Nothing controversial, nothing worth even looking at, in continuing to flood the world with discredited and deadly mRNA vaccines?
And fifth, why limit the vaccine to being given as a “booster” after at least one earlier vaccination? Could it be because the more boosters you get, the worse the outcomes for you become? Boosters actually lead to an increase in infections, including COVID-19, in already-vaccinated people. There are a number of biological mechanisms for this, including exhausting the immune system and encouraging the emergence of increasingly toxic mutations of the disease.
We have recently published another scientific study in great detail showing that the number of deaths from Covid-19 vaccines is over 2,000,000 Americans. We estimate that the number may be much higher, because healthcare providers have been threatened and punished for even mentioning that the Covid vaccines might kill people and the FDA and CDC will not acknowledge Covid-vaccine deaths despite a virtual deluge of reports from U.S. and global reporting systems.7
Please go here for our most extensive analysis New FDA Plans for the Covid Vaccines Will Kill Millions More of the almost infinite harms caused by the Covid vaccines, include death, infertility causing a declining birth rate, multiple harms to infants, cardiovascular disorders, turbo cancers at all ages, a wide range of neurological and psychiatric disorders, and an Acquired Immunity Syndromes (AIDS) resulting in greater susceptibility to infections and cancer.
RFK, you promised reforms, and the FDA, under your supervision, has continued on its rampage, especially against pregnant women and the elderly in acts of depopulation that have been promoted by progressives and globalists for much of human history.
Really Bad News: RFK Jr. Endorses the FDA Approval of Moderna’s Vaccines
As noted above, on June 3, 2025, in the afternoon, RFK Jr. responded to all the expressed fears about the FDA approval of Moderna’s mRNA vaccine by reassuring us that Moderna would do right by us on some unspecified future date. This in itself disqualifies him from his government job:8
I want to address those of you who have anxieties about @US_FDA’s limited approval of a new mRNA COVID vaccine for high-risk populations. Moderna has agreed to a true placebo-controlled trial of the new vaccine, which is similar to the existing mRNA vaccine but uses a smaller protein. The FDA will monitor and collect data throughout the trial for every adverse outcome, not just a table list of expected outcomes. The FDA will scrutinize every aspect of the trial. We will deliver on our promise to use gold standard science and common sense.
I have been in the business of following up on drug company promises to the FDA for decades, and the truth is, they never do it if it’s a threat to them in any way! The fake attempts they do make are easily discredited.
There is no “limited approval.” This is a standard approval letter. This lethal vaccine has been set loose on the world again without a single reliable placebo-controlled study.
And once again, RFK does not even hint at any plan to stop giving the mRNA injections to the elderly, where it has been doing by far the most damage.
How much damage do these jabs do to the older population? As I wrote in a recent Substack about data sent into the VAERS system from the inception of the Covid vaccines:
The table shows that before age 51, the total number of deaths from Covid vaccines is 2,539. After age 51, the total of reported Covid vaccine deaths is 22,680, an increase of 8.9 times, and with those deaths in a relatively smaller population. Finally, the table from OpenVAERS.com includes all reports received, including a number from foreign countries, which in March 2025 reached a total of 38,541. That number is for all reports to the CDC, rather than the U.S. only, and so it includes a small portion of the global Covid vaccine deaths, which were sent to the U.S. In the following table, as of March 28, 2025, a total of 19,355 Covid vaccine deaths were reported to VAERS from the U.S.
Here is the actual table, as seen in our previous report,9 from OpenVaers.com:
Robert F. Kennedy Jr., what are you doing? On the basis alone of continuing to give the Covid death jabs to America’s older persons, you should be forced to resign. For accepting “promises” for future studies by a drug company whose vaccine has already been approved, your judgment should be questioned.
NEWS ADDICTS
NEWSWIZE
| LATEST NEWS |
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| DOJ Unveils Major Charges Following Airport Arrest in Alarming Smuggling CaseA Chinese doctoral student was arrested Sunday at Detroit Metropolitan Airport after allegedly attempting to smuggle undeclared biological materials into the United States and providing false information to federal officials. The Department of Justice (DOJ) formally announced charges on Monday, marking the third case in just over a week involving Chinese researchers and suspicious biological shipments to the U.S.Chengxuan Han, a …READ MORE |
| Blue State Politician Drops Bombshell Admission on House FloorA surprising confession by a Minnesota State Representative on Monday has ignited a firestorm of controversy and calls for investigation. During a session on the House floor, Rep. Kaohly Vang Her (DFL–St. Paul) openly admitted that she and her family are living in the U.S. without legal authorization, sparking debate over her eligibility to hold office and possible legal consequences.Rep. Her, …READ MORE |
| Mexican President Issues Explosive Remarks as LA Riots IntensifyAs violent protests in Los Angeles entered their third day this weekend, tensions between the U.S. and Mexico intensified after Mexican President Claudia Sheinbaum publicly praised the demonstrators and criticized the Trump administration’s immigration enforcement actions.Sheinbaum, speaking from Mexico City on Sunday, called illegal immigrants from Mexico living in the U.S. “good men and women” who are simply trying to …READ MORE |
| FBI Launches Manhunt After Despicable Act Caught on CameraFederal authorities have intensified efforts to locate a violent offender who allegedly assaulted a federal officer and destroyed government property during a weekend of escalating unrest in California. Amid growing chaos tied to anti-ICE demonstrations, the FBI has announced a $50,000 reward for information leading to the suspect’s arrest and conviction.The violence erupted across Los Angeles over the weekend, with protesters …READ MORE |
EVOL NEWS
| Israeli Military Detains Greta Thunberg’s ‘Selfie Yacht’ Bound for Gaza: ‘The Show Is Over’ – EVOLREAD MORE… |
7.OIL AND NATURAL GAS//GLOBAL/ENERGY/
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUE
INDIA
India And US Advance Toward Interim Trade Deal After Four-Day Talks
Tuesday, Jun 10, 2025 – 12:15 PM
Indian and US negotiators have made progress in their latest round of talks in New Delhi on Tuesday on a bilateral trade deal, having focused on market access for industrial and some agricultural goods, tariff cuts and non-tariff barriers, Reuters reported citing Indian government sources.
“The negotiations held with the U.S. side were productive and helped in making progress towards crafting a mutually beneficial and balanced agreement including through achievement of early wins,” one of the sources said.
The U.S. delegation, led by senior officials from the Office of the U.S. Trade Representative, held closed-door negotiations with Indian trade ministry officials headed by chief negotiator Rajesh Agrawal.
Among the preliminary agreements reached, both sides discussed increasing bilateral digital trade, by improving customs and trade facilitation measures, the sources said, adding that “negotiations will continue” for early conclusion of the initial tranche of the trade pact.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi had agreed in February to conclude a bilateral trade agreement by fall 2025 and to more than double bilateral trade to $500 billion by 2030.
Here are some of the highlights of the preliminary agreement:
- India and US aim to sign first tranche of trade pact by fall 2025, with both sides agreeing to hold more talks on bilateral pact.
- The two sides are expected to sign an interim agreement by the end of the month, before the expiry of Trump’s 90-day pause on reciprocal tariffs on major trading partners, including a 26% tariff on India.
- Both sides discussed increasing bilateral digital trade, by improving customs and trade facilitation measures, the sources said.
- Indian and U.S. negotiators made progress in their latest round of talks in New Delhi on Tuesday on a bilateral trade deal, having focused on market access for industrial and some agricultural goods, tariff cuts and non-tariff barriers, Indian government sources said.
- The next phase of negotiations could tackle more complex matters, with the goal of signing the first tranche of the bilateral trade pact by September or October, the officials added.
- India resisted U.S. demands to open its markets to wheat, dairy and corn imports, while offering lower tariffs on high-value U.S. products such as almonds, pistachios and walnuts, one of the sources said.
- India also asked the U.S to revoke its 10% baseline tariff. However, the U.S. side opposed this, noting that even Britain was subject to this under its recent bilateral trade agreement.
- Additionally, India sought an exemption for its steel exports from a 50% tariff.
According to Reuters, the potential 26% tariff on India would be devastating to Indian goods – including rice, shrimp, textiles and footwear, which together comprise nearly one-fifth of India’s merchandise exports – and could severely hit exports and dampen foreign investment inflows.
India has pledged to increase purchases of American goods, including energy products like liquefied natural gas, crude oil, coal and defence equipment.
India’s exports to the U.S. rose 28% to $37.7 billion in the first four months of 2025, while imports increased to $14.4 billion, widening India’s trade surplus, according to U.S. government data.
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: 1.1393 DOWN 0.0044 PTS OR 44 BASIS POINTS
USA/ YEN 144.78 UP 0.222 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 1.3463 DOWN .0091 OR 91 BASIS PTS
USA/CAN DOLLAR: 1.3723 UP 0.0027 (CDN DOLLAR DOWN 27 BASIS PTS)
Last night Shanghai COMPOSITE UP 14.41 PTS OR 0.43%
Hang Seng CLOSED DOWN 72.56 PTS OR 0.30%
AUSTRALIA CLOSED UP .81%
// EUROPEAN BOURSE: ALL MOSTLY RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MOSTLY RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 72.56 PTS OR 0.30%
/SHANGHAI CLOSED DOWN 14.95 PTS OR 0.44%
AUSTRALIA BOURSE CLOSED UP 0.81 %
(Nikkei (Japan) CLOSED UP 122.94 PTS OR 0.32%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 3325.60
silver:$36.44
USA dollar index early TUESDAY morning: 99.28 UP .37 BASIS POINTS FROM MONDAY’s CLOSE.
TUESDAY MORNING NUMBERS ENDS
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And now your closing TUESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.994% DOWN 6 in basis point(s) yield
JAPANESE BOND YIELD: +1.481% UP 0 FULL POINTS AND 40/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.1101 DOWN 4 in basis points yield
ITALIAN 10 YR BOND YIELD 3.451 DOWN 5 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.523 DOWN 5 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY TUESDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1440 UP 0.0014 OR 14 basis points
USA/Japan: 144.57 UP 0.006 OR YEN IS DOWN 6 BASIS PTS//
Great Britain 10 YR RATE 4.5410 DOWN 10 BASIS POINTS //
Canadian dollar UP .0029 OR 29 BASIS pts to 1.3677
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The USA/Yuan CNY UP AT 7.1835, CNY ON SHORE ..
THE USA/YUAN OFFSHORE UP TO 7.1849
TURKISH LIRA: 39.22 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.481
Your closing 10 yr US bond yield DOWN 4 in basis points from MONDAY at 4.446% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.906 DOWN 5 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.987 DOWN 2 BASIS PTS.
GOLD AT 11;00 AM 3343.00
SILVER AT 11;00: 36.56
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: TUESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 20.80 PTS OR 0.24%
GERMAN DAX: CLOSED DOWN 186.76 pts or 0.73%
FRANCE: CLOSED UP 12.86 pts or 0.17%
Spain IBEX CLOSED DOWN 30.20 pts or 0.20%
Italian MIB: CLOSED DOWN 254.20 or 0.63%
WTI Oil price 65.77 11 EST/
Brent Oil: 67.55 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 78.35 ROUBLE UP 0 AND 65/ 100
UK 10 YR YIELD: 4.5410 DOWN 10 BASIS POINTS
CDN 10 YEAR RATE: 3.324 DOWN 2 BASIS PTS.
CDN 5 YEAR RATE: 2.932 DOWN 3 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1429 UP 0.0003 OR 3 BASIS POINTS//
British Pound: 1.3502 DOWN .0052 OR 52 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.5460 DOWN 6 FULL BASIS PTS//
JAPAN 10 YR YIELD: 1.478 UP 2 FULL BASIS PTS
USA dollar vs Japanese Yen: 144.88 UP 0.322 BASIS PTS
USA dollar vs Canadian dollar: 1.3687 DOWN 0.0014 BASIS PTS CDN DOLLAR UP 14 BASIS PTS
West Texas intermediate oil: 64.73
Brent OIL: 66.56
USA 10 yr bond yield DOWN 2 BASIS pts to 4.470
USA 30 yr bond yield DOWN 2 PTS to 4.933%
USA 2 YR BOND: UP 1 PTS AT 4.008%
CDN 10 YR RATE 3.344 DOWN 2 BASIS PTS
CDN 5 YEAR RATE: 2.949 DOWN 1 BASIS PTS
USA dollar index: 98.98 DOWN 9 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 39.19 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 78.40 UP 0 AND 58/100 roubles
GOLD $3333.70 (3:30 PM)
SILVER: 36.60 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 105.11 OR 0.25%
NASDAQ 100 UP 144.05 PTS OR 0.66%
VOLATILITY INDEX: 16.92 DOWN 0.24 PTS OR 1.41%
GLD: $ 306.71 UP 0.09 PTS OR 0.03%
SLV/ $33.23 DOWN .16 PTS OR OR 0.48%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 41.55 OR 0.16%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
‘Tremors’ – Momo Meltdown Quietly Accelerates As Bonds, Bitcoin & Bullion Tread Water
Tuesday, Jun 10, 2025 – 08:00 PM
Another relatively tight rangebound trading day in US equities with no macro (that was jolted a little towards the end of the day after the following headline: *LUTNICK: CHINA TALKS WENT REALLY REALLY WELL). The Dow lagged on the day while Nasdaq outperformed…
….ahead of tomorrow’s grand poobah of CPI, which the vol market is very ready for…
Source: Bloomberg
BUT – and it’s a big but – under the hood of a trending tape (and the VIX still trending lower)…
Source: Bloomberg
…and realized vol has tumbled back to previous norms after the tariff tantrum…
Source: Bloomberg
…there has been a fair bit of choppiness over the last few days and the stealthy meltdown in momentum is now starting to get noticed.
Goldman’s TMT Momentum Pair (long 12-mo winners vs short 12-mo laggards) is now down ~7.5% in 6-days, underperforming the NDX by nearly ~850 bps over this stretch…
Source: Bloomberg
.. at a singles level, evident in the form of a slowdown in ‘leadership’ with names like NFLX, DUOL, SE, VRSK, SPOT, AVGO, MELI, CVNA down 3 days in a row .. elsewhere, quality proxies across other subsectors – Costco, Exchanges, CTAS, GE, HWM types – are starting to lag a bit this week / month.
Interestingly, Megacap Tech (the big 6) has lagged Non-Profitable Tech for 6 straight sessions... having its worst 6 day stretch of performance in >3-months (down ~425 bps over 6-days)
Source: Bloomberg
‘Software’ has dramatically underperformed ‘Hardware’ in tech space in the last week…
Source: Bloomberg
Today saw another short squeeze…
Source: Bloomberg
In fact, outside of 2024, 2025 has seen the biggest short squeeze YTD…
Source: Goldman Sachs
There was a sharp midday reversal as geopolitical tensions rise: IRAN BECOMING ‘MUCH MORE AGGRESSIVE’ IN NUCLEAR TALKS, TRUMP TELLS FOX NEWS (RTRS) with 10Yr yields also bouncing, nearing 4.5% level investors have been focused on…
Source: Bloomberg
But, by the close, yields were basically unchanged across the whole curve (very unusual) with the 2y glued to 4.00%…
Source: Bloomberg
Like bonds, the dollar ended practically unchanged – albeit amid a choppy day…
Source: Bloomberg
Ditto for gold which managed a very small gain on the day…
Source: Bloomberg
A late day surge made bitcoin look better than it had, testing back up towards $110,000…
Source: Bloomberg
Ethereum surged to its highest since mid-February – a tick or two shy of $2800…
Source: Bloomberg
Finally, Goldman Sachs trader John Flood noted something is starting to change…
“March 7th and March 10th are 2 trading sessions I continue to circle back to as the worst back to back PnL destruction / derisking days for a major portion of the HF community that I can recall witnessing.
I am starting to feel some similar tremors underneath the surface in terms of the recent market price action.
Important to note little to no panic in terms trading activity on our desk.
…
Why is Momentum / Growth under real pressure?
It appears that the better than expected NFP catalyzed this and now whispers are for a softer CPI print tomorrow. “
Flood’s colleague on the Goldman trading desk, Lou Miller, put it this way:
“The backdrop is that long themes, short Russell has been a 3 sharpe proposition the past 3 month…
…so some of these things have over-earned, a bit of a reset given where gross is, is OK.
Another sharp unwind won’t happen from long side going down, or better said if the long side goes down it will recover quickly.
It will happen from short side going up which is what we are witnessing right now.”
If ever the time was right for a correction, its now as the performance of Trump Tariffs 2.0 has rebounded to match Trump Tariffs 1.0…
Let’s hope these China talks don’t disappoint!
BIG MORNING STORY:
China Is Deliberately Using Fentanyl To ‘Kneecap’ The US, FBI Director Says
Tuesday, Jun 10, 2025 – 06:30 AM
Authored by Frank Fang via The Epoch Times,
Communist China has a long-term plan to weaken the United States by fueling the fentanyl crisis, according to FBI Director Kash Patel.
Patel sat down for a wide-ranging interview with podcaster Joe Rogan on June 6, saying that President Donald Trump has done an “amazing job” at going after drug trafficking organizations and shoring up the southern border. However, the root of the U.S. fentanyl crisis lies with the Chinese Communist Party (CCP), he added, due to China’s exports of fentanyl precursors.
One thing is clear is that China is “not making a ton of money” with its precursor exports, Patel added.
“In my opinion, the CCP [has] used it as a directed approach because we are their adversary,” Patel said. “And their long-term game is, ‘how do I,’ in my opinion, ‘kneecap the United States of America, our largest adversary?’” Patel said.
Patel said that the long-term plan is to “take out generations of young men and women” who could have taken on jobs such as a police officer, a soldier, or a teacher.
“That’s what they [China] are doing, when you wipe out tens of thousands of Americans a year. It’s a long-term plan for them,” he said.
In 2024, there were an estimated 48,422 deaths involving synthetic opioid fentanyl, according to data from the CDC.
In March, Trump imposed an additional 20 percent on Chinese imports over China’s role in facilitating the production of fentanyl.
Patel said China has lied to the world about stopping fentanyl precursors.
“What they did was to trick the world. They came out and said, ‘Hey, we’re gonna sell precursor X.’ They’re like, ‘So now we’re out of the fentanyl trade entirely,’” Patel said. “The problem is, there [are] 14 other precursors you can use to make fentanyl, and they’re still shipping all of those.”
India and Canada
Since assuming the post of FBI chief, Patel said his bureau started a “massive enterprise” to go after China-based companies making fentanyl precursors. Now, the Chinese firms are shipping precursors to India and Canada instead, he added.
“They’re taking the precursors up to Canada, manufacturing it up there, and doing their global distribution routes from up there, because we’ve been so effective down south,” Patel said.
Patel said he “just got off the phone with the Indian government.”
“So my FBI is over there working with the heads of their [Indian] government, law enforcement authorities to say, ‘We’re going to find these companies that buy it, and we’re going to shut them down. We’re going to sanction them. We’re going to arrest them where we can. We’re going to indict them in America if we can. We’re going to indict them in India,’” Patel said.
The Drug Enforcement Administration (DEA) issued its latest annual threat assessment report in May, expressing concerns about sophisticated fentanyl “super laboratories” in Canada.
The report noted that while fentanyl originating from Canada remains small compared to the volume coming from Mexico, it still poses a concern. “These [Canadian] operations have the potential to expand and fill any supply void created by disruptions to Mexico-sourced fentanyl production and trafficking,” the report states.
In January, two pharmaceutical companies in India, Raxuter Chemicals and Athos Chemicals, were charged with criminal conspiracy to distribute and import fentanyl precursor chemicals into the United States, Mexico, and elsewhere. Bhavesh Lathiya, a founder and senior executive of Raxuter Chemicals, was arrested in New York City and indicted on similar charges.
The companies used deceptive and fraudulent practices to avoid detection, including mislabeling packages, falsifying customs forms, and making false declarations at border crossings, according to prosecutors.
In May, federal authorities arrested 16 individuals and seized more than 400 kilograms of fentanyl across five states, in the largest fentanyl bust in DEA history, according to the Department of Justice.
Patel warned that drug traffickers are producing counterfeit drugs laced with fentanyl and using pill presses to shape them like candy or gummy bears, making them more appealing to young people.
Three Chinese nationals and a China-based company were charged in May for allegedly importing pill presses and other equipment for making “lethal fake pills” into the United States.
“I promised the president, the American people, we will not have kids dying of fentanyl overdoses in our streets. Just give me a little bit more time. We have a massive operation going on around the world on this,” Patel said.
USA DATA
USA ECONOMIC NEWS
LOS ANGELES:
update: 19;45
out of control
Update: Full Marine Battalion Of 700 Deploying To Los Angeles As Protests Continue
Monday, Jun 09, 2025 – 04:34 PM
Update (1945ET): Another 200 Marines with 2nd Battalion, 7th Marines, 1st Marine Division based out of Twentynine Palms in California have been added to the count – making 700 Marines that will join the roughly 2,000 California National Guard troops stationed in Los Angeles over the weekend, US Northern Command announced Monday.
Meanwhile, shit’s still going down in LA. This was the scene Monday afternoon:
And some chaps driving in a Cybertruck with “Fuck ICE” graffiti and a Mexican flag…
And in New York, police are making arrests outside Federal Plaza, as anti-ICE protesters clash with police.
Stay tuned for more…
out of control:
Full Marine Battalion Of 500 Deploying To LA As Newsom Sues Trump Over National Guard: Report
Monday, Jun 09, 2025 – 04:34 PM
Update (1635ET): Approximately 500 marines – a full battalion – are being deployed to respond to the protests in Los Angeles, according to CNN, citing ‘three people familiar with the matter’ (so who knows).
Marines out of US Marine Corps Air Ground Combat Center in Twentynine-Palms, California (where one of the ZH crew was stationed for “the worst 12 weeks of my life”), will join the National Guard troops that were activated by President Donald Trump over the weekend – in the face of strong pushback by Governor Gavin Newsom and LA Mayor Karen Bass.
It is unclear what the Marines will be tasked with once in LA – as they are prohibited from conducting law enforcement activity such as making arrests unless Trump invokes the Insurrection Act (after spending the last two days calling the protests ‘insurrectionists.’
Meanwhile, Newsom is suing the Trump administration over the National Guard deployment – posting to X:
“This is exactly what Donald Trump wanted.
He flamed the fires and illegally acted to federalize the National Guard.
The order he signed doesn’t just apply to CA.
It will allow him to go into ANY STATE and do the same thing.
We’re suing him.”
Stay tuned for updates…
Earlier…
As Los Angeles grapples with escalating riots targeting ICE agents conducting immigration enforcement operations, California Governor Gavin Newsom faces a mounting cascade of crises.
On Monday – as LA continues to spiral out of control amid anti-ICE protests – which resulted in President Trump deploying the National Guard, Trump suggested that Newsom ‘should be’ arrested over his mishandling of the situation.
When asked about a back-and-forth between Newsom and White House border czar Tom Homan – who threatened to arrest anyone that obstructed immigration enforcement efforts – including the governor (though he said that neither Newsom nor LA Mayor Karen Bass had crossed the line,’ Trump said: “I would do it if I were Tom. I think it’s great,” adding “Gavin likes the publicity but I think it would be a great thing. He’s done a terrible job, look — I like Gavin Newsom, he’s a nice guy but he’s grossly incompetent, everybody knows that.”
Trump also defended his decision to call in the National Guard, posting to Truth Social Monday that “If we had not done so, Los Angeles would have been completely obliterated,” adding that Newsom and Bass “should be saying, ‘THANK YOU, PRESIDENT TRUMP, YOU ARE SO WONDERFUL. WE WOULD BE NOTHING WITHOUT YOU, SIR.”
Bessent goes Ballistic
Meanwhile over the weekend, Treasury Secretary Scott Bessent accused Newsom of threatening criminal tax evasion after the Democrat governor suggested withholding tens of billions of dollars in state payments to the federal government.
Newsom issued the threat after reports emerged saying that President Donald Trump plans major funding cuts to California while readying with costly fines for allowing a biological male to compete in girls’ sports and win multiple state titles.
“A Biological Male competed in California Girls State Finals, WINNING BIG, despite the fact that they were warned by me not to do so,” Trump recently wrote on Truth Social last week. “As Governor Gavin Newscum fully understands, large scale fines will be imposed!”
Newsom responded to Trump’s post, writing on X: “Californians pay the bills for the federal government. We pay over $80 BILLION more in taxes than we get back. Maybe it’s time to cut that off, @realDonaldTrump.”
Secretary Scott Bessent fired back at Newsom’s threats, warning that the governor’s actions could constitute criminal tax evasion. The top Trump administration official then said that Newsom’s plan would defraud American taxpayers and leave California residents liable for any unpaid federal taxes.
“I am certain most California businesses know that failing to pay taxes owed to the Treasury constitutes tax evasion and have no intention of following the dangerous path Governor @GavinNewsom is threatening,” Bessent said on X. “I would warn state officials, including payroll managers, that federal law attaches personal liability to an attempt to evade or defeat tax.”
“Instead of committing criminal tax evasion, Governor Newsom should consider a tax plan for California that follows the Trump Tax Cuts model and reduces the onerous state tax burden to allow families to keep more of their hard-earned money,” the Treasury secretary added, branding the governor’s plan “extremely reckless.”
x.com/SecScottBessent/status/1931763599116030322?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1931763601741635816%7Ctwgr%5Eae208a40e3626477146a394a72aa8836bcd1b11e%7Ctwcon%5Es2_&ref_url=https%
Just days before President Trump’s social media post condemning California’s policies on transgender athletes, AB Hernandez, a transgender junior from Jurupa Valley High School, dominated the girls’ state track and field championships in Clovis. Hernandez secured gold in the high jump (5 feet, 7 inches, with no failed attempts) and triple jump (sharing first place), while earning silver in the long jump. This sparked controversy, as Hernandez shared the podium with female competitors who placed just behind her during Saturday’s finals, fueling debates over fairness in competition.
Violent anti-ICE protests escalated in downtown Los Angeles as radical demonstrators clashed with police, set vehicles ablaze, and blocked a major freeway, marking a third day of unrest on Sunday.
The turmoil surged nationwide over the weekend, with far-left agitators storming the streets of Los Angeles, New York City, and Chicago to denounce ICE’s intensified immigration raids aimed at securing the border. Undeterred, these protesters unleashed havoc, challenging law and order in America’s cities.
In Los Angeles, authorities arrested 27 individuals on Saturday as approximately 300 National Guard troops were deployed to restore control, with the first units arriving Sunday morning. Late Saturday, LAPD officials reported 10 additional arrests—including a dangerous suspect accused of hurling a Molotov cocktail—while three courageous officers sustained injuries but avoided hospitalization in the line of duty.
end
LOS ANGELES
(KORYBKO)
The LA Unrest Poses A Pressing National Security Threat To The US
by Tyler Durden
Monday, Jun 09, 2025 – 08:40 PM
Authored by Andrew Korybko via Substack,
This is because it concerns the country’s second-largest city, could disrupt one of its top economic hubs, and might evolve into an irredentist campaign by Mexican nationalists and their US leftist allies.
Large-scale unrest has gripped parts of Los Angeles since late last week in response to the Immigration and Customs Enforcement’s (ICE) recent operations against illegal immigrants there. Trump authorized the National Guard to restore order but clashes still continue. The unrest poses a pressing national security threat since it concerns the country’s second-largest city, could disrupt one of its top economic hubs, and might evolve into an irredentist campaign by Mexican nationalists and their US leftist allies.
The immediate roots are the Biden Administration’s de facto open borders policy that allowed millions of illegal immigrants, mostly from Ibero-America, to flood into the country. Then there’s the influence of summer 2020’s unrest, which convinced activists and agitators alike, including the professionals among them, that they can riot with impunity. And finally, the Mexican Cession from the mid-19th century is also relevant, which some Mexican nationalists and their US leftist allies refuse to recognize as legitimate.
These factors combined to catalyze the ongoing unrest, which has seen the involvement of various NGOs, radical leftist movements, and like-minded philanthropist Neville Singham according to “Data Republican’s” viral two–part investigation on X. This has led to parallels being drawn to summer 2020’s Hybrid War of Terror on America that was analyzed here at the time. To be sure, some of the participants in both were genuinely autonomous, but others were and are operating as part of something larger.
Observers should also remember that Democrat-aligned elements of the US “deep state” funneled American arms to Mexican cartels as part of Operation Fast & Furious, which they maintain was a botched sting operation though critics remain convinced that it was something more nefarious. It therefore can’t be ruled out that some of these forces at the very least wouldn’t mind if those cartels sow chaos on the US’ side of the border on the pretext of “protesting” ICE to create problems for Trump.
Beyond the speculative involvement of (possibly “deep state”-backed) Mexican cartels, there are also autonomously acting Mexican nationalists among the illegal immigrant, naturalized, and second- and later-generation communities in LA that are participating in the unrest together with US leftists. They’re allies in that neither recognizes the legitimacy of the mid-19th century’s Mexican Cession, ergo their support for open borders in order to “reclaim” this lost territory as a form of “historical justice”.
Some multipolar-minded apologists have likened this to the uprisings in Crimea and Donbass after “EuroMaidan”, but the key difference is that they were led by Ukrainian citizens of Russian origin who rebelled in defense of their human rights after radicals seized power and threatened to subjugate them. By contrast, the Trump Administration hasn’t signaled that it’ll do anything similar against legal American residents of Ibero-American origin, it’s simply enforcing the law by expelling illegal immigrant invaders.
Legal US residents of Ibero-American origin can freely speak, publish in, and teach their languages. They also have equal rights (apart from being unable to vote till obtaining citizenship) and benefited from “affirmative action”. For all intents and purposes, Mexican nationalists who legally reside in the US can live as if they’re in Mexico (even better since they otherwise wouldn’t have left) so long as they remain law-abiding, thus discrediting the “historical justice” argument that some have used to justify the unrest.
Nevertheless, some of the rioters are clearly driven by nationalist motives as proven by them waving the Mexican flag as they violently attack members of the security services, hence the importance in quelling the unrest as soon as possible so that it doesn’t spiral out of control. There are also political and economic considerations too, but these pale in comparison to the need to expel illegal immigrants from the border region, especially those Mexicans who might resort to terrorism to further irredentist plans.
About that, it’s possible that violent irredentism isn’t all that popular among Mexican illegal immigrants but that (possibly “deep state”-backed) cartels from there and elsewhere like Venezuela are trying to push this notion, hoping that it’ll provoke copycat unrest in other major cities. Most of them in the US have significant Ibero-American populations, including illegal immigrants, so the real orchestrators (if there are any as is speculated) might hope to “inspire” “solidarity protests” across the US.
All that can be known for sure is that the images of Mexican flag-waving rioters in LA naturally give rise to worries of an emerging irredentist campaign that poses a pressing national security threat to the US and therefore challenges Trump to employ all legal means at his disposal to put it down or else. Despite everything that he’s done so far following the letter of the law, his opponents might soon dishonestly accuse him of behaving as a “fascist dictator”, all in an attempt to “inspire” more unrest.
Therein lies the objective of the real orchestrators and/or political opportunists depending on one’s belief about who’s behind the riots: it’s all about eroding Trump’s authority, misportraying him as a “fascist dictator”, and altogether galvanizing the Democrats far ahead of fall 2026’s midterms. These goals are being advanced by autonomously acting participants and professionals alike, with some of the first not realizing the role that they’re playing the larger scheme, thus making it a Color Revolution.
This description doesn’t automatically imply regime change intentions nor the involvement of a foreign government, it only refers to the weaponization of protests, which is nowadays common across the world after the relevant socio-political technology wildly proliferated over the past quarter-century. The reported involvement of so many diverse actors in this one shows how serious the attempt is to destabilize the Trump Administration, which could have far-reaching global implications if it succeeds.
SAN FRANCISCO
60 People Arrested During San Francisco Protest Against Immigration Raids: Police
Monday, Jun 09, 2025 – 09:40 PM
Authored by Aldgra Fredly via The Epoch Times (emphasis ours),
At least 60 people were arrested on Sunday after protests against federal immigration raids in San Francisco escalated into violence, according to the San Francisco Police Department (SFPD).
Police said officers began monitoring the assembly near Sansome and Washington streets around 7 p.m. on June 8 as protesters engaged in “First Amendment activity.”
The demonstration escalated when some protesters allegedly committed assault and vandalized property, prompting police to declare the assembly unlawful. Many people left the area after the declaration, police said in a statement.
Several protesters had refused to leave and continued to engage in illegal activity as they moved toward Market and Kearny streets, where they vandalized buildings and an SFPD patrol vehicle, it stated.
The SFPD said its officers detained protesters who refused to comply with the dispersal order. Three police officers were injured during the incident, with one transported to a hospital for medical treatment. Police also recovered a firearm at the scene.
“Individuals are always free to exercise their First Amendment rights in San Francisco but violence—especially against SFPD officers — will never be tolerated,” the SFPD stated, adding that an investigation into the incident is still ongoing.
Footage shared on social media shows police in riot gear forming a barricade to block protesters gathered outside an Immigration and Customs Enforcement (ICE) building in San Francisco.
San Francisco Mayor Daniel Lurie said the protest has since “wound down,” and that the city is working to clean up the damage and restore public transportation services to full operation.
Lurie stated in a social media post that his office will “never tolerate violent and destructive behavior, and as crowds dwindled, a group that remained caused injuries to police officers, vandalized Muni vehicles, and broke windows of local businesses.”
Protests against ICE raids began in Los Angeles on June 6, following the arrest of dozens of illegal immigrants in the city as part of the Trump administration’s mass deportation operation. Sporadic protests later broke out in New York City and San Francisco.
Authorities deployed National Guard personnel to Los Angeles as protests continued on the third day on June 8. The Los Angeles Police Department (LAPD) said that several business owners have reported incidents of looting during the protests.
President Donald Trump has directed Homeland Security Secretary Kristi Noem, Defense Secretary Pete Hegseth, and Attorney General Pam Bondi to take all actions necessary “to liberate Los Angeles from the Migrant Invasion” and bring an end to the riots.
“A once great American City, Los Angeles, has been invaded and occupied by Illegal Aliens and Criminals,” he stated on Truth Social. “Order will be restored, the Illegals will be expelled, and Los Angeles will be set free.”
California Gov. Gavin Newsom stated on June 8 that he had formally requested the Trump administration to withdraw the deployed troops from Los Angeles and return them to his command.
“We didn’t have a problem until Trump got involved. This is a serious breach of state sovereignty—inflaming tensions while pulling resources from where they’re actually needed,” Newsom stated.
At least 27 people were arrested on June 7 following the protests. During the third day of protests in Los Angeles, members of the National Guard faced off with demonstrators, leading to tear gas being fired at a growing crowd near a federal complex in the city, according to video footage.
The confrontation broke out in front of the Metropolitan Detention Center in downtown Los Angeles, as a group shouted insults at members of the guard lined shoulder to shoulder behind plastic riot shields. Near downtown, at least four Waymo self-driving cars were set on fire. Flashbang crowd control grenades were deployed throughout the evening.
Jack Phillips and Joseph Lord contributed to this report.
END
CALIFORNIA
They are leaving the state:
Nation’s 2nd-Largest Wine And Spirits Distributor Exits California Market Over Costs, Supplier
Tuesday, Jun 10, 2025 – 02:40 PM
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
Wine and spirits distributor Republic National Distributing Company (RNDC) is leaving the California market.
RNDC cited increasing costs and changes among suppliers as one of the reasons it has decided to stop operating in the state.
“This decision follows years of increasing costs, industry headwinds, and supplier shifts that have made it difficult to operate sustainably in the state,” its leadership said in an emailed statement to its customers on June 4. “We are incredibly proud of our California team and all of their hard work over the years. Please know that our commitment to you during this transition remains unwavering.”
RNDC has lost several significant distribution partnerships in California in recent years. The company’s announcement comes just months after two major suppliers, Tito’s Vodka and Jack Daniel’s maker Brown-Forman, departed from their California distribution relationship with RNDC in favor of its competitor, Reyes Beverage Group.
E. & J. Gallo Winery, which owns the High Noon brand, also ended its relationship with RNDC in the state in 2025, opting instead for Reyes Beverage Group.
In 2023, Sazerac ended its longtime relationship with RNDC in California. The bourbon and whiskey maker moved its brands including Buffalo Trace, Pappy Van Winkle, and Fireball Whisky, to the Reyes Beverage Group.
RNDC did not return a request for comment.
Other companies such as Chevron, Tesla, Oracle, and Hewlett Packard Enterprise, have in recent years moved their headquarters from California to states like Texas or Nevada. Unlike RNDC, which also plans to cease servicing the state, these companies continue to operate in California’s sizable economy.
RNDC joins a list of national companies—many of them insurance providers—that have fully exited the California market.
Farmers Direct Property and Casualty Insurance Company withdrew from the California homeowners insurance market in 2023. That same year, American National also announced it would stop offering homeowners insurance in the state, a move that affected more than 36,000 policies. In addition, Merastar Insurance stopped renewing homeowners and car insurance policies in California beginning in 2024.
Some other companies still operating in California have made moves to limit their operations in the state. State Farm and Allstate announced they would no longer be accepting new applications for homeowners insurance, citing rising costs and wildfire risks.
A Farmers Direct Property and Casualty Insurance spokesperson previously told The Epoch Times the company made its decision to increase efficiency and mitigate risk exposure.
Berkshire Hathaway’s AmGUARD, a division of the firm’s GUARD Insurance company, informed the California Department of Insurance in July 2023 of its plan to cancel the homeowners and personal umbrella policies it holds in the state, which followed through on two months later. AmGUARD’s notice came the same day that the small insurance firm Falls Lake Insurance submitted a letter indicating it would also be canceling policies in the state.
A 2022 report by the Hoover Institution found that 352 companies relocated from California to other states between 2018 to 2021, primarily due to the state’s high operating costs.
HISTORY LESSON:
James Madison’s Appeal To Reasonable Discours
Tuesday, Jun 10, 2025 – 03:30 AM
Authored by Susan Brynne Long via RealClearPublicAffairs,
On June 8, 1789, James Madison rose before Congress and performed an about-face. The founder who had opposed the addition of a bill of rights to the Constitution conceded to pressure from advocates of adding amendments to protect Americans against abuses of government power. He gave a speech in which he defended amendments he never wanted.
Madison understood that in the critical moment of the nascent republic, compromise was necessary to move the country forward. His example of moderation amidst hostile rhetoric on both sides is a timely reminder in our present moment of division.
Why did Madison not think a bill of rights was necessary in the American political context?
The framers, led by Madison, codified a reversal of the political order that existed in the British colonial system. The people, not the monarch, were the source of all governing authority in the new republic. Under the Constitution, the people delegated – but did not surrender – their authority to the government. According to many pro-Constitution Federalists, Madison among them, this made a bill of rights superfluous.
The issue over adding a bill of rights originated in the state constitutions. The Virginia Bill of Rights pronounced that all power “derived from the people” before enumerating the protected rights of Virginians. Opponents maintained that this was paradoxical, because it presumed the government’s authority to infringe upon the people, which was declared in the same document to be the source of all governing authority. Nonetheless, many Americans felt that such declarations of their rights were essential.
Speaking in support of this perspective, Thomas Jefferson wrote that “a bill of rights is what the people are entitled to against every government on earth, general or particular, and what no just government should refuse, or rest on interference.” Similar sentiments forced legislators in North Carolina to add a bill of rights to their constitution after their first convention did not draft one.
Madison was ultimately persuaded to change his position on the necessity of a bill of rights by those of Jefferson’s position. In a March 15, 1789, letter answering Madison’s opposition to the protectionary amendments, Jefferson implored his fellow founder that “the good in this instance vastly outweighs the evil.” Madison had posited that an exhaustive list of individual rights was impossible to achieve. Jefferson answered that “half a loaf is better than no bread. If we cannot secure all our rights, let us secure what we can.”
Madison went further than changing his mind: he became an opponent of his own position.
Addressing his fellow delegates to the Constitutional Convention in a steamy Independence Hall, Madison rebutted popular arguments raised against a bill of rights and acknowledged his change in position. “I will own that I never considered this provision … essential to the Federal Constitution,” he noted. But he conceded that the amendments were “neither improper nor altogether useless.”
Answering the argument that a bill of rights was irrelevant to the new American political order, Madison vilified the Constitution’s admission of discretionary authority. The document empowered Congress “to make all Laws which shall be necessary and proper” for the execution of its enumerated powers. A bill of rights, Madison contended, would offer a protection against abuse of this power.
The founder confronted the most formidable argument against adding a bill of rights to the Constitution. By enumerating the rights of the people, would the proposed amendments not “disparage those rights which were not placed in that enumeration?”
To critics raising such opposition, Madison pointed to his proposed amendments, which included careful language. The rights enumerated “shall not be so construed as to diminish the just importance of other rights retained by the people, or as to enlarge the powers delegated by the Constitution.” The Bill of Rights was not an exhaustive list, but rather an additional bulwark against possible abuses by the national government.
Ending his speech, Madison made an eloquent political appeal: “it will be proper in itself, and highly politic, for the tranquility of the public mind, and the stability of the Government” to add a bill of rights to the Constitution.
Madison could have stopped his argument there. Instead, he called for moderation in political rhetoric going forward.
The ratification debates had been fraught with vitriolic language and accusations. Madison took aim at his Antifederalist opponents who had charged Federalists with wanting to “lay the foundation of an aristocracy or despotism” by reordering the American government. Calling for compromise, Madison asked the Federalists to follow his lead and approve the Bill of Rights. This would prove that “they were as sincerely devoted to liberty and a republican government” as their opponents.
Madison’s commitment to cross-party compromise, and his appeal to temper political rhetoric, are relevant to our present moment. Democrats and Republicans alike often use dire, inflammatory language when discussing a range of contemporary issues. The impending financial shortfall of Social Security could cause a devastating recession. President Trump’s 2024 election signaled “the end of democracy” in America. Over 200 years ago, similar rhetoric spurred James Madison not to greater indignation, but to a political sacrifice that led to the ratification of the U.S. Constitution.
Between ideology and national unity, and even survival, Madison chose the latter. Modern lawmakers would be wise to reflect on his example.
Susan Brynne Long, Ph.D., is a historian at the U.S. Army Center of Military History and a fellow with the Jack Miller Center.
END
VICTOR DAVIS HANSON/
Gavin Newsom And His Cruel Notion Of ‘Cruel’
Tuesday, Jun 10, 2025 – 07:20 AM
Authored by Victor Davis Hanson via American Greatness,
Recently, Gov. Newsom weighed in on the Trump administration’s efforts to undo the last four years of border destruction, when an estimated 10-12 million illegal aliens entered the U.S. unlawfully—among them thousands with criminal records.
Of the recent Los Angeles efforts of ICE to detain those who entered and reside here illegally, the governor proclaimed:
“Continued chaotic federal sweeps, across California, to meet an arbitrary arrest quota are as reckless as they are cruel. Donald Trump’s chaos is eroding trust, tearing families apart, and undermining the workers and industries that power America’s economy.”
Dissect that statement, and almost everything Newsom said was either not factual or misleading.
“Chaotic?” What is chaotic is allowing 12 million unaudited migrants into the U.S. ahead of those waiting years for background checks and legal permission.
The current antidote to a truly chaotic, nonexistent border was to bring some legality and order back to immigration—and not to perpetuate a wild-west border, drug smuggling, cartel profiteering, and child trafficking and abandonment, which were the Biden-era norms.
Chaotic is 1,000 rioters in southern California swarming ICE officers, endangering their safety and lives—and then being contextualized, excused, or even supported by the governor of the state, who supposedly is an upholder of our laws and their enforcement.
Each time Mayor Karen Bass and Governor Gavin Newsom side with violent protests and the intimidation of ICE officers, the greater the chance that an officer will be seriously injured or killed—and the violence will spike. Apparently, both think they are riding a wave of public support, when in fact the latest CBS poll found 54 percent of Americans support such deportations.
California’s elected officials seem clueless that the optics of illegal immigrants torching autos, attacking law enforcement, or pelting bystanders, while waving Mexican flags, are terrible. What is the logic of waving the flag of the country to which one is violently opposed to returning, while assaulting the officers and infrastructure of the very nation in which one is demanding to remain?
“Arbitrary arrest quota?” Consider the math. In just four years, Biden allowed between 10–12 million illegal entries, or 2.5–3 million a year, or somewhere between 200,000–300,000 per month, or between 7,000–8,300 a day.
Trying to find, audit, and deport even 10–20 percent of that daily figure, or 800–2000 a day over four years, is not an “arbitrary arrest quota.”
It is instead a formidable but often vain effort to return illegal immigration numbers to where they were before Biden’s systemic lawlessness.
In other words, with the current level of deportations, ICE cannot possibly reduce the population of illegal aliens back to the pre-Biden range of 10–12 million resident illegal aliens before the additional and contrived 10–12 million four-year influx.
In Newsom’s world, how many million breaking the laws and swarming the border are acceptable? Ten, twelve, or twenty million?
“Reckless?” What is reckless is destroying the southern border. Reckless is also allowing an unchecked amount of cartel fentanyl, disguised as prescription or less toxic illicit drugs, to kill 70,000–100,000 Americans per year.
Reckless is empowering the cartels with lucrative trafficking fees for facilitating illegal immigration across a destroyed border.
Reckless is drumming out of the military 8,500 American soldiers who balked at the experimental mRNA vaccine while allowing more than 10 million illegal aliens to flood the border without any medical or inoculation scrutiny.
Reckless is demanding 2–3 forms of independent IDs from U.S. citizens to qualify for the required “real ID” to fly, while allowing tens of thousands of illegal aliens to be exempt from even rudimentary identification.
Reckless is a governor leveling the highest income tax rates in the U.S., the highest gas taxes, among the highest aggregate sales taxes, and still ending up with annual multibillion-dollar deficits.
Reckless is driving 200,000–300,000 middle-class taxpayers out of the state every year, who cannot afford sky-high California prices and receive so few services in return for such high state taxes.
“Cruel?” Cruel is overtaxing state social service facilities with hundreds of thousands of foreign nationals, whose sheer numbers imperil the health care of California’s own beleaguered citizen population.
As far as ‘cruel’ governance, perhaps it is defined as the highest gas prices in the nation while sitting atop some of the largest gas and oil reserves in the country. Cruel is watching poor people in Fresno or Tulare County buy gas in increments of $30 in cash rather than filling up their pickups at a prohibitive cost of $130.
Cruel is the California high-speed rail boondoggle that has wasted nearly $30 billion without a single foot of track rail installed and may well be abandoned—its concrete overpasses now testaments to our modern Stonehenge monoliths.
Cruel are the state’s ossified “freeways”—especially the 101, the 99, and I-5—that have remained unchanged for the last half century and record some of the deadliest traffic statistics per mile driven in the U.S.
Cruel is what the state and city of Los Angeles did to their own residents during the recent fires.
Cruel is a derelict mayor—shamelessly attacking those who are trying to enforce federal law—junketing in Ghana of all places at the height of the fire season. Mayor Bass has about as much concern over violent protestors burning cars in Los Angeles as she did for neighborhoods burning while she junketed in Ghana.
Cruel was the Los Angeles deputy mayor (tasked with public safety, no less), who was arrested and convicted for reporting fake anti-Israel bomb threats.
Cruel was the Los Angeles water and power director who allowed a life-saving reservoir to remain abandoned and empty.
Cruel was the fire chief who obsessed over DEI hiring while leaving scores of fire hydrants across the city inoperative.
Cruel were state directives that prevented sane clearing of brush kindling that guaranteed plentiful fuel to ensure an inferno among Pacific Palisades homes.
Cruel were the Coastal Commission and the city of Los Angeles that make it almost impossible to rebuild burned-out homes promptly.
Cruel are destructive regulatory policies that have driven out of the state everything from Tesla to refineries to insurance companies, ensuring that the struggling and vanishing middle classes cannot afford the staples of life.
Cruel are the roughly 40,000 annual traffic accidents in Los Angeles County, after which the culpable drivers often flee the scene of the accident. Does the governor or mayor ever ask why that is so, or worry over the some 8,000 victims who are killed or injured?
Cruel are the state’s “renewable energy” mandates that have skyrocketed the cost of electricity and impoverished state residents—one in four of whom now default on their monthly power bills.
Cruel is the boutique leftism of a generation of elite multimillionaire Bay Area politicians—from Jerry Brown to Nancy Pelosi to Gavin Newsom—whose wealth, office-holding, influence, and zip codes ensured that they were never subject to the baleful consequences of their virtue-signaling ideologies that fell only on distant and vulnerable others.
Trust? Who could trust the state of California, which has become a bifurcated medieval society of the very rich and the subsidized poor, with a complete disdain for the struggling middle class who cannot afford houses, power, fuel, or insurance?
“Undermining?” Undermining is better defined as a governor and mayor deliberately ignoring or nullifying federal law in neo-Confederate fashion and siding with violent protestors, while offering the offenders implicit assurances of impunity.
USA NEWS/ANTISEMITISM..
KING NEWS
| The King Report June 10, 2025 Issue 7510 | Independent View of the News |
| For most of Monday, the suspense over the China-US trade talks in London muted trading. ESMs opened moderately higher on Sunday night on the usual buying for the expected Monday Rally. They quickly sank to 20 points to 5995.00 at 18:45 ET. After a rebound to 606.50 at 20:09 ET, ESMs performed a plodding decline that made the daily low of 5992.25 at 23:25 ET. ESMs then intractably rallied to the daily high of 6019.75 at 7:35 ET. The ‘dump’ then appeared; ESMs sank to 6000.00 at 9:34 ET. Retail and small traders eagerly bought the NYSE opening decline. ESMs jumped to 6019.50 at 10:30 ET. Trader liquidation appeared; ESMs then traded in a 10-handle range until they broke higher at 12:45 ET. Apple Turns Negative During Presentation at Developer’s Conference – BBG 13:11 ET (206 high, sank to 200.02, -1.9% for the day, at 13:24 ET) Apple’s new design language is Liquid Glass Liquid Glass is coming to iOS 26, iPadOS 26, macOS Tahoe 26, and more. The new design adds glass-like elements throughout iOS, including to the dock and the lockscreen, and it’s designed to mimic the optical qualities of glass… Liquid Glass uses real-time rendering and will dynamically reacts to movement… https://www.theverge.com/news/682636/apple-liquid-design-glass-theme-wwdc-2025 ESMs formed a Three Little Indians (3 tightly spaced minor news) at 14:28 ET with a new daily high of 6027.75. After a drop to 6018.75 at 14:42 ET, the rally for the last-hour manipulation took ESMs to 6027.50 at 14:57 ET. With no gusto for making a new high, experienced traders feared the Three Little Indians (or 1-2-3) top was confirmed. ESMs sank to 6017.50 at 15:32 ET. The late manipulation forced ESMs to 6022.00 at 15:50 ET. Traders then tried to liquidate; but there are few organic buyers in the market. ESMs sank to 6008.50 at 16:00 ET. @MichaelMOTTCM: The wedge in the NASDAQ 100 futures is nearly complete… https://x.com/MichaelMOTTCM/status/1932097290732282070/photo/1 A ‘Rising Wedge’ is a most dangerous technical formation. The underlying vehicle must extend the rally by breaking out of the wedge in a parabolic rally or breakdown into a serious decline. Positive aspects of previous session The DJTA rallied robustly. USMs rallied modestly. Negative aspects of previous session Fangs declined modestly; metals rallied robustly; another late ESM drop. Ambiguous aspects of previous session What will be the ramifications of the LA riots? 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]: 6007.12 Previous session S&P 500 Index High/Low: 6021.31; 5994.18 More than 1 million foreign-born workers left labor market since March In March of this year, the Trump administration began to seize on data highlighting jobs growth specifically for “native-born” workers… https://justthenews.com/politics-policy/more-1-million-foreign-born-workers-left-labor-market-march RFK Jr. removes all members of CDC panel advising U.S. on vaccines “A clean sweep is needed to re-establish public confidence in vaccine science,”… https://www.cnbc.com/2025/06/09/rfk-jr-cdc-panel-vaccines.html @SecDef on Monday night: Due to increased threats to federal law enforcement officers and federal buildings, approximately 700 active-duty U.S. Marines from Camp Pendleton are being deployed to Los Angeles to restore order. We have an obligation to defend federal law enforcement officers – even if Gavin Newsom will not. (Rioters are massing in Downtown LA as we publish.) Today – Reports about the US-China trade negotiations should impact the markets. There were no substantive reports on Monday. Though the S&P 500 Index got appreciably above 6000, there was no gusto or urgency in the Monday Rally, except for the usual early small trader orgy. Stocks should trade like they did on Monday until impact news from the US-China trade talks appears. The Fed is in a blackout period for its June 17-18 FOMC Meeting. ESMs are +4.25; NQMs are +20.25; and USMs are +4/32 at 20:30 ET. Expected Econ Data: May NFIB Small Business Optimism 95.8; US Treasury auction $58B of 3-yr notes S&P Index 50-day MA: 5636; 100-day MA: 5772; 150-day MA: 5832; 200-day MA: 5798 DJIA 50-day MA: 41,105; 100-day MA: 42,263; 150-day MA: 42,659; 200-day MA: 42,468 (Green is positive slope; Red is negative slope) S&P 500 Index (6000.36 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender is positive; MACD is negative – a close below 5807.26 triggers a buy signal Weekly: Trender and MACD are positive – a close below 5987.57 triggers a sell signal Daily: Trender is positive; MACD is negative – a close below 5876.70 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5953.91 triggers a sell signal @nicksortor: A Salvadoran restaurant in Downtown Los Angeles took in injured officers and provided them first aid during the riots. They even fed them as well. There are still SOME good people out there! https://x.com/nicksortor/status/1932099729904779652 Trump’s approval rating on immigration has surged by 22 points since 2017 – CNN (“Gone up like a rocket… a top issue… Trump itching for a fight on immigration… the American public with Trump on immigration… this is why he is eager to fight…”) https://x.com/DOGE__news/status/1932165809675137528 Group at the center of initial anti-ICE protests funded by California, federal government The Coalition for Humane Immigrant Rights (CHIRLA)… “During the fiscal year ended June 30, 2023, the Organization received government contract revenue of $33,966,572 including $32,526,542 or 96% from the State of California to provide immigration related services,”… https://justthenews.com/nation/states/group-center-initial-anti-ice-protests-funded-california-federal-government @RealAmVoice: “What they’re not talking about is why ICE is here in the first place! It’s a criminal operation. We were serving warrants…at a business that’s part of a bigger overall criminal conspiracy dealing with money laundering, tax evasion, and customs fraud.” – @RealTomHoman on LA riots. https://x.com/RealAmVoice/status/1932134400793448837 House Dems try to blame Trump for Los Angeles violence despite months of anti-ICE rhetoric https://t.co/0L0pzuzAf3 Donald J. Trump Truth Social: Governor Gavin Newscum and “Mayor” Bass should apologize to the people of Los Angeles for the absolutely horrible job that they have done, and this now includes the ongoing L.A. riots. These are not protesters, they are troublemakers and insurrectionists. Remember, NO MASKS! 9:05 PM · Jun 8, 2025 @realDonaldTrump on Monday: We made a great decision in sending the National Guard to deal with the violent, instigated riots in California. If we had not done so, Los Angeles would have been completely obliterated. The very incompetent “Governor,” Gavin Newscum, and “Mayor,” Karen Bass, should be saying, “THANK YOU, PRESIDENT TRUMP, YOU ARE SO WONDERFUL. WE WOULD BE NOTHING WITHOUT YOU, SIR.” Instead, they choose to lie to the People of California and America by saying that we weren’t needed, and that these are “peaceful protests.” Just one look at the pictures and videos of the Violence and Destruction tells you all you have to know. We will always do what is needed to keep our Citizens SAFE, so we can, together, MAKE AMERICA GREAT AGAIN! Insurrection In Los Angeles – Ex-CIA official @RealSamFaddis The inevitable confrontation with the growing Marxist-Leninist presence in this country is at hand… Behind these disturbances are powerful Communist groups which have worked for years now to tear down the existing political, economic, and social order: Union del Barrio: The group has an explicitly Marxist-Leninist ideology. It is not looking to reform the system. It is looking to burn it down. It considers the United States to be an evil, imperialist construct, which must be destroyed. It wants open borders. It wants an end to ICE. The group runs educational programs, such as Escuelita Aztlán, which aim to indoctrinate young people. Centro CSO – Another group dedicated to the destruction of the United States as we know it. It has been particularly active in Los Angeles. It advocates for open borders and is also part of the Chicano movement, which seeks self-determination for Hispanic people in an independent country known as “Aztlan.” They believe all portions of the United States that ever belonged to Mexico are illegally occupied and should become their own independent “Chicano” nation. One of Centro CSO’s leaders, Marisol Marquez, provided this context for this nascent nation: “As Marxist-Leninists, we believe in what historically constitutes a nation…” Freedom Road Socialist Organization (FRSO), otherwise known as Liberation Road – You can’t have a good riot without FRSO. Most of the leaders of the other organizations behind the riots are also members of FRSO. They have been part of every major leftist riot in the last ten years at least. Their agenda is simple. They want to burn down the United States and replace it with a Communist state… Sequoia Partner Shaun Maguire offered this comment on X, “As a reminder while riots rage in Los Angeles LA’s Mayor, Karen Bass, was a Fidel Castro supporter She was a member of the Venceremos Brigade and made 7 trips to Cuba during the 1970s — when it was illegal for Americans to do so Later, she traveled there with Obama in 2016.”… What is happening in Los Angeles is now dangerously close to civil war. Very powerful organizations dedicated to the destruction of the United States have set the city on fire, and these actions may very well soon spread elsewhere. We call this insurrection. https://andmagazine.substack.com/p/insurrection-in-los-angeles NYT: The Mexican Flag Has Become a Potent L.A. Protest Symbol (Hammer & Sickle flags too?) https://www.nytimes.com/2025/06/08/us/mexican-flag-protest-los-angeles.html @amuse: The New York Times is celebrating the insurrectionists waving Mexican flags as they destroy their communities, burn cars and buildings, block freeways, while attack federal, state, and local employees – the fact is the flag is quickly becoming a symbol of hate. @TheEmohawk: The New York Times is partly owned by a man (Carlos Slim?) with deep ties to the Mexican Cartels… So, this is unsurprising. @hpv6rpzp4w: The NYT proves Trump’s point – it’s almost like a propaganda piece for Trump. Trump claims there is a foreign invasion. NYT shows the Mexican flag being flown during a riot by mostly foreign illegal aliens. NY Post: Mexican flag-waving masked protester becomes the symbol of LA anti-ICE riots: ‘Perfect propaganda for Trump’ https://nypost.com/2025/06/08/us-news/mexican-flag-waving-masked-protester-becomes-the-symbol-of-la-anti-ice-riots/ @VDHanson: Why Is Governor Newsom Going Full Jefferson Davis? What triggered the American Civil War were state officials who refused to honor federal law and instead boasted of their open defiance of Washington… dangerous recent behavior of an increasingly unhinged California Governor Gavin Newsom. He is currently supporting the often-violent protestors in Los Angeles and their resistance to federal officials’ enforcement of immigration laws… (long thread at link) https://x.com/VDHanson/status/1932074568598118736 @RealAmVoice: 54% of Californians support deportation, and 75% want immediate deportation for criminals. “So I don’t quite understand what he’s doing, he’s made a series of blunders…he said ICE was the problem…they were reckless, that wasn’t true!” – @VDHanson joins @AmandaHeadand @jsolomonReports to discuss Gavin Newsom’s response to the riots in LA. https://x.com/RealAmVoice/status/1932204164563468743 The Blaze’s @AuronMacintyre: After Trump’s election the left has been reeling, desperately trying to find an issue to organize around. The first thing they rallied to was a state-sponsored race riot. WH Deputy COS @StephenM: Los Angeles is all the proof you need that mass migration unravels societies. You can have all the other plans and budgets you want. If you don’t fix migration, then nothing else can be fixed — or saved. California is the largest sanctuary state in America. The state has ordered every police department and sheriffs office in the state not to cooperate with federal immigration enforcement, even if they have committed grievous crimes. Illegals are given free welfare, healthcare and every other conceivable state benefit. They are made immune in every way. Simply put, the government of the State of California aided, abetted and conspired to facilitate the invasion of the United States. Atty @DC_Draino: California is the ultimate test of the mass deportation agenda to save America. If order is restored and we deport at least 2 million illegal aliens from CA, America will be saved for generations to come. If we let the “rioter’s veto” triumph over the rule of law, it will only be a matter of time until America implodes from within. The history books are watching. @MrAndyNgo: United in their violent hatred of the US, Mexican nationalist extremists, Antifa & the far-left carried out acts of arson & violence on the third day of the insurrection in Los Angeles. They’re using terrorism to try to stop the government’s deportations. https://x.com/MrAndyNgo/status/1932063407194394799 @FoxNews: LOST ANGELES: Rioters show how they really feel about America as they desecrate Old Glory in defiance of @realDonaldTrumpand @ICEgo — all while waving Mexican flags. https://x.com/FoxNews/status/1932097066076864707 @FoxNews: Dem Rep. Maxine Waters taunts armed agents after feds slam door on her during LA riots: ‘You better shoot straight’ https://www.foxnews.com/politics/maxine-waters-taunts-armed-agents-after-feds-slam-door-her-face @mazemoore: Hey Gavin, feel free to use this as a campaign ad when you run in 2028. (LA in flames) https://x.com/mazemoore/status/1931904136603111911 @RapidResponse47: “Nothing has happened!” Dem @RepMaxineWaters claims that there has “been no violence” in Los Angeles after a night where America witnessed cars burning in the streets and assaults on law enforcement. Radical Democrats like Maxine want to normalize chaos and violence. https://x.com/RapidResponse47/status/1932085126579601440 @libsoftiktok: I cannot believe this is real. ABC reporter says not to bring in law enforcement to the LA riots because “it’s just a bunch of people having fun watching cars burn.” (His actual quote!) https://x.com/libsoftiktok/status/1932046509572321410 LA news anchor claims people are having ‘fun’ watching cars burn, riots ‘relatively peaceful’ ABC7 refuses to call downtown destruction ‘riot’ as explosions go off in background of live news report During its live coverage of the violent demonstrations rocking downtown LA, ABC7 Los Angeles anchor Jory Rand cautioned law enforcement from escalating tensions by interfering. “It could turn very volatile if you move law enforcement in there in the wrong way, and turn what is just a bunch of people having fun watching cars burn into a massive confrontation and altercation between officers and demonstrators,” he said… (US Left: Interfering with crimes just makes things worse!’) https://www.foxnews.com/media/la-news-anchor-claims-people-having-fun-watching-cars-burn-riots-relatively-peaceful You cannot detest the regime media enough! Imagine how stupid ‘they’ think you are by telling you that “it’s just a bunch of people having fun watching cars burn.” ABC News staffers ‘pissed’ at Terry Moran over ‘stupid’ verbal assault on Trump aide Stephen Miller: ‘He should be fired’ https://trib.al/beabtkI @amyforsandiego: As Los Angeles burns, here’s your reminder that the State of California @GavinNewsom sent armed law enforcement on December 10, 2021, to shut down a Christian preschool & strip its license forever with 100 kids because they wouldn’t force 2-year-olds to wear masks. (Equal under the law?) https://x.com/amyforsandiego/status/1931901304416485554 GOP Sen. @TomCottonAR: Not a single prominent Democrat has forcefully condemned this mob. The Democratic Party stands with the violent illegal aliens rioting, blocking traffic, and assaulting cops. (Cuz the Dem Party depends on illegal immigrant/fraudulent votes?) @Will_Tanner_1: California was a beautiful place before Reagan ruined it by giving 3 million illegal aliens amnesty. @EricLDaugh: Senator Chris Murphy (D-CT) demands nationwide anti-ICE protests. “We are going to rise to this moment by being out there on the streets.” Can you imagine how fast the pompous Murphy would change tune if violent protestors stormed the toney confines of Greenwich, CT, and burned luxury vehicles, looted businesses, and defaced mansions? PS – What happened to the concept of ‘assimilation?” There are bigger issues and forces at work in LA than fighting ICE agents. Mexico for decades has offloaded it socio-economic problems onto the US via illegal and legal immigration. And there is also the issue of returning former Mexican territory in the US to Mexico. Mexican President Sheinbaum Reacts to L.A. Unrest, Claims City ‘Wouldn’t Be What It Is’ Without Migrants – “They migrate out of need and send resources to their families from there,” the president added… https://www.latintimes.com/mexican-president-sheinbaum-reacts-l-unrest-claims-city-wouldnt-what-it-without-migrants-584593 (Dumping Mexico’s poverty and problems on the US!) The Reconquista of California On February 6, 1998, the Mexican consul general in California, Jose Angel Pescador Osuna, spoke at the Southwestern School of Law in Los Angeles… proclaimed, “And even though I am saying this part serious, part joking, I think we are practicing La Reconquista in California.” It was an astonishing admission for a career diplomat to make. But he was only admitting what has been a policy of the Mexican government for more than three decades: Surplus people are encouraged to immigrate, legally or illegally, to the United States, California in particular, and to maintain their Mexican identity and loyalty… Few people realize that California was only very sparsely populated by Mexicans when it was annexed by the United States, and that most of the Mexicans in California had little or no love for Mexico. The Mexican population of California in 1845 —on the eve of the American conquest—was only 7,000… Democrats actively support illegal immigration, knowing that their electoral base is being expanded… https://chroniclesmagazine.org/correspondence/the-reconquista-of-california/ PS – The Reconquista Movement wants Mexico to regain control of territory lost to the USA. In the present, Mexican officials and gangs want to influence the US via its citizens, legal or illegal, in the US. The long-range plan is Reconquista. The LA Riots over illegal immigration are creating GOP ads for the midterms. @MayorOfLA: I just met with LA immigrant rights community leaders as we respond to this chaotic escalation by the Administration. Let me be absolutely clear – as a united city, we are demanding the end to these lawless attacks on our communities. Los Angeles will always stand with EVERYONE who calls our city home. (Commie LA Mayor inciting insurrection! Jan 6 treatment time!) @DeAngelisCorey: This unhinged lunatic is the president of the nation’s largest teacher’s union. She is mobilizing the protesters. https://x.com/DeAngelisCorey/status/1932142078898946156 “The California Department of Health Care Services reports that as of November 2024, over 4.1 million Los Angeles County residents were enrolled in Medi-Cal. That’s nearly half of the county…” https://patch.com/california/los-angeles/health-insurance-4m-los-angeles-county-residents-jeopardy Federal Law and the LA Riots – Berkeley law professor John Yoo President Trump has the law firmly on his side, thanks to the Constitution “There is a long and important tradition in our country, expressed in the Posse Comitatus Act, against using the military for domestic law enforcement. (BTW, readers of “Political Questions” likely know that Congress enacted the PCA to withdraw federal troops from the South and end Reconstruction as part of the deal to resolve the 1876 elections — but that is another story). But there are exceptions, such as protecting the national government and its operations and breaking up resistance to federal law, which are authorized by the Constitution itself or in the Insurrection Act. The Supremacy Clause of the Constitution makes clear that federal law is superior to state law; California’s officials and residents have no right to block the enforcement of federal immigration policy, no matter how much they disagree with it…” https://stevehayward.substack.com/p/federal-law-and-the-la-riots @ElectionWiz on Monday night: Multiple reports show protest organizers in LA handing out American flags in an attempt to regain the optics battle. Second Chinese National charged with smuggling biological materials into US at Metro Airport Another Chinese scientific researcher has been arrested and charged with smuggling biological materials into the US for work at a University of Michigan laboratory. Chengxuan Han, a Chinese National, is accused of smuggling roundworms into the United States and false statements, announced United States Attorney’s Office Eastern District… https://www.fox2detroit.com/news/second-chinese-national-charged-smuggling-biological-materials-us-metro-airport Isn’t it time to investigate the University of Michigan for more than sign stealing in football? Diquat herbicide poisons the gut, may severely damage other organs, research shows Diquat, an herbicide banned in the European Union but still widely used in the U.S., damages the intestines and may also trigger a harmful chain reaction in the rest of the body—injuring the liver, kidney, and lungs, according to a new review of more than 100 studies… https://usrtk.org/healthwire/diquat-herbicide-poisons-the-gut-may-severely-damage-other-organs/ | |
SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER….
harveyorganblog.com 
