JUNE 23//GOLD CLOSED UP $9.25 TO $3379.15 /SILVER ALSO HAD A GOOD DAY RISING BY $0.18 TO $36.22/PLATINUM CLOSED UP $22.25 TO $1293.25 WHILE PALLADIUM CLOSED UP $24.75 TO $1078.00//GOLD COMMENTARY TONIGHT FROM ALASDAIR MACLEOD: CHRONOLOGICAL EVENTS STARTING WITH THE BOMBING OF 3 IRANIAN NUCLEAR REACTORS FOLLOWED BY ISRAEL’S MASSIVE HITS ON IRANIAN ASSETS CULMINATING THIS AFTERNOON WITH IRAN FIRING ON USA ASSETS IN QATAR, AND IRAQ//RUSSIA VS UKRAINE //COVID UPDATES//VACCINE INJURY REPORT//NEWS ADDICTS,NEWSWIZE ETC//MIKE EVERY OF RABABNK REPORTS ON THE PAST FEW DAYS OF NEWS EVENTS// USA DATA RELEASES//USA ECONOMIC NEWS/SWAMP STORIES FOR YOU TONIGHT//VICTOR DAVIDS HANSON A MUST READ//
WE HAD A POWER INTERRUPTION AND THAT CORRUPTED BY GOLD AND SILVER COMEX DATA
I HAVE BEEN ABLE TO PIECE MOST OF THE DATA BACK
SORRY FOR THE INCONVENIENCE.
GOLD CLOSED UP $9.25 TO $3,379.15
SILVER CLOSED UP $0.18 TO $36.22
GOLD ACCESS CLOSED $3381.00
Silver ACCESS CLOSED: $36.32
–
Bitcoin morning price:$101,564 DOWN 1567 DOLLARS.
Bitcoin: afternoon price: $103050 DOWN 2081 DOLLARS
Platinum price closing UP $22.25 TO $1293.35
Palladium price; UP $24.75 TO $1078.00
END
*CANADIAN GOLD: $4,641.53 UP 15.20 CDN dollars per oz( * NEW ALL TIME HIGH $4735.70 CDN DOLLARS PER OZ//APRIL 21 2025)
*BRITISH GOLD: 2497.86 DOWN 3.30 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,566.50 BRITISH POUNDS/OZ) MAY 6/2025
*EURO GOLD: 2919.35 DOWN 8.30 Euros per oz //* (ALL TIME CLOSING HIGH: 3018.80 EUROS PER OZ/ APRIL 21 //2025)
EXCHANGE: COMEX
JPMORGAN STOPPED 545/708
JUNE
GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024: 708 CONTRACTs NOTICES FOR 70,800 OZ or 2.202 TONNES
total notices so far: 29,312 contracts for 2,931,200 OR 91.172 tonnes)
FOR JUNE
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SILVER NOTICES: 64 NOTICE(S) FILED FOR 320,000 OZ/
total number of notices filed so far this month : 3359 CONTRACTS (NOTICES) for 16.795 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $9.25 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.599 TONNES OF GOLD FROM THE GLD
INVENTORY RESTS AT 950.241 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.18 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: ///A DEPOSIT OF 2.591 MILLION OZ INTO THE SLV//
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 477.232 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUGE SIZED 1166 CONTRACTS TO 183,316 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR GAIN OF $0.18 IN SILVER PRICING AT THE COMEX WITH RESPECT TO FRIDAY’S TRADING. WE FINALLY HAVE THE PIERCING OF $34.40 TO 34.50 SILVER PRICE BARRIER. WE HAD A STRONG SIZED LOSS OF 461 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A HUGE 705 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS COMEX TRADING WITH RESPECT TO FRIDAY’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 SUCCEEDED ON WEDNESDAY WITH SILVER’S LOSS IN PRICE. THE PRICE FINISHED MILES ABOVE THE MAGIC NUMBER OF $34.40 SILVER SPOT PRICE CLOSING AT $36.04. . WE HAVE A HUGE T.A.S. ISSUANCE WITH FRIDAY NIGHT’S 888 CONTRACTS ISSUED BY THE CME AND THAT STILL 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 705 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE SIZED 888 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN MONDAY’S TRADING/ AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE LOST A STRONG SIZED 461 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE OF $0.18.
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 $36.56 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 888 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES.
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.18) AND WERE SUCCESSFUL IN KNOCKING OFFA FEW NET SILVER LONGS FROM THEIR PERCH AS WE HAD A SMALL LOSS OF 166 CONTRACTS ON OUR TWO EXCHANGES.
WE HAD A 705 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 9.90 MILLION OZ FOLLOWED BY TODAY’S 5,000 OZ QUEUE JUMP//NEW TOTAL STANDING ADVANCES TO 16.815 MILLION OZ!!
THUS:
INITIAL STANDING FOR JUNE: 9.90 MILLION OZ PLUS TODAY’S 5,000 OZ QUEUE JUMP = 16.815 MILLION OZ.
WE HAD:
/ HUGE COMEX OI LOSS+// A 705 SIZED EFP ISSUANCE (/ VI) A HUGE NUMBER OF T.A.S. CONTRACT ISSUANCE 888 CONTRACTS)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED A SMALL 27 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 16 DAY(S), total 14,025 contracts: OR 70.125 MILLION OZ (935 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 70.125 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: 70.125 MILLION OZ (NOTICE EFP ISSUANCE GETTING MUCH LARGER
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RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1166 CONTRACTS WITH OUR GAIN IN PRICE OF $0.18 IN SILVER PRICING AT THE COMEX// MONDAY.,. . THE CME NOTIFIED US THAT WE HAD A HUGE 705 CONTRACT EFP ISSUANCE CONTRACTS: 705 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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LAST 3 MONTHS OF SILVER DELIVERIES:
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 16.050 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 FINISHES AT: 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 5,000 OZ QUEUE JUMP = 16.815 MILLION OZ
THE NEW TAS ISSUANCE MONDAY NIGHT (888 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND FOR SURE TODAY’S TRADING (MONDAY-TUESDAY TRADING) AND BEYOND.
WE HAD 64 NOTICE(S) FILED TODAY FOR 320,000 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 2267 OI CONTRACTS TO 440,107 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.) THUS WE HAVE A 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 HUGE 5412 CONTRACTS //.
WE HAD A FAIR SIZED DECREASE IN COMEX OI (2267 CONTRACTS) . THIS OCCURRED DESPITE OUR LOSS OF $19.80 IN PRICE// FRIDAY///.
LAST TWO MONTHS OF GOLD DELIVERIES:
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 $19.80 LOSS IN PRICE WITH RESPECT TO FRIDAY’S COMEX ///. WE HAD SMALL SIZED LOSS OF 834 OI CONTRACTS (2.594 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 1.555 TONNES OF A QUEUE JUMP //NEW STANDING ADVANCES TO 91.626 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 FAIR SIZED 1433 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 440,107/NOW AT THE LOW END OF THE SCALE DESPITE THE HIGH PRICE OF GOLD!!
SILVER ALSO HAS A LOW COMEX OI OF 183,316 CONTRACTS BUT GAINING RAPIDLY!!
IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 834 CONTRACTS WITH 2267 CONTRACTS DECREASED AT THE COMEX// AND A FAIR SIZED 1433 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 834 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALL SIZED AND CRIMINAL 892 CONTRACTS
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT(1433) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 2267 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 4578 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 1.555 TONNES QUEUE JUMP //NEW STANDING ADVANCES TO 91.636 TONNES./
NEW STANDING FOR GOLD, JUNE CONTRACT AT 91.636 TONNES OF GOLD.
.
/ 3) LITTLE IF ANY T.A.S. LIQUIDATION DESPITE HAVING 1)A $19.80 COMEX PRICE LOSS.. WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED DESPITE THAT LOSS IN PRICE AS WE HAD A SMALL LOSS OF 834 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) FAIR SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER (1433 CONTRACTS)/// SMALL T.A.S. ISSUANCE: 892 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: 25,188 CONTRACTS OR 2,518,800 OZ OR 78.345 TONNES IN 15 TRADING DAY(S) AND THUS AVERAGING: 1679 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN15 TRADING DAY(S) IN TONNES 78.345 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 78.345 TONNES DIVIDED BY 3550 x 100% TONNES = 2.19% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
2024 AND 2025:
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STILL A SMALL TO FAIR ISSUANCE FOR THE MONTH.
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 73.88 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 FELL BY A HUGE SIZED 1166 CONTRACTS OI TO 183,316 AND FURTHER FROM 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 705 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
JULY 705 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 705 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1166 CONTRACTS AND ADD TO THE 705 E.FP. ISSUED
WE OBTAIN A STRONG SIZED LOSS OF 461 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR SMALL LOSS IN PRICE OF $0.11 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 2.305 MILLION PAPER OZ
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
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ASIAN MARKETS THIS TUESDAY MORNING:
SHANGHAI CLOSED UP 21.69 PTS OR 0.65%
//Hang Seng CLOSED UP 158.67 PTS OR 0.67%
// Nikkei CLOSED DOWN 49.19 PTS OR 0.13% //Australia’s all ordinaries CLOSED DOWN 0.41%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1880 OFFSHORE CLOSED DOWN AT 7.1888/ Oil DOWN TO 74.57 dollars per barrel for WTI and BRENT UP TO 77.79 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN TRADING AT 7.1880 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1888 AGAINST US DOLLAR/ AND THUS WEAKER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST LOSS BY A FAIR SIZED 2267 CONTRACTS TO A STILL LOW NUMBER OF 440,107 OI DESPITE OUR LOSS IN PRICE OF $19.80 WITH RESPECT TO FRIDAY’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 (1433 ). WE HAD LITTLE T.A.S. LIQUIDATION
THE CME ANNOUNCED FRIDAY 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 834 CONTRACTS DESPITE OUR LOSS IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON WEDNESDAY 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 SMALL AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 892 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 0.60653 TONNES QUEUE JUMP = 91.636 TONNES. (IS THE COMEX RUNNING OUT OF GOLD?)//TOTAL NET QUEUE JUMPING FOR THE MONTH FOR THE MONTH: 29.743 TONNES
NEW TOTAL TONNES STANDING JUNE: 91.636 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 FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A FAIR SIZED 1433 EFP CONTRACT WAS ISSUED: : /AUGUST 1433 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 1433 CONTRACT. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
WE HAD :
ZERO LIQUIDATION OF OUR T.A.S. SPREADERS
ZERO NET SPEC LIQUIDATION WITH OUR SMALL GAIN IN PRICE
T.A.S.SPREADER ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR SATURDAY MORNING//MONDAY NIGHT WAS A SMALL SIZED, 892 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 SMALL GAIN 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 0.60653 TONNES OF QUEUE JUMP EQUALS 90.081 TONNES
THIS IS CENTRAL BANKS STANDING FOR PHYSICAL GOLD!!
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING/JUNE CONTRACT MONTH
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $19.80/ /) BUT THEY WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED GAIN IN OI FROM TWO EXCHANGES. AND AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION ////FRIDAY AS THEY ARE STILL TRYING TO QUELL GOLD’S ATTEMPT AT FURTHER INCREASES ABOVE THE MAGIC $3,400 BARRIER AND STOP HUGE COMEX/OTC DERIVATIVE LOSSES FROM EXPLODING
SATURDAY MORNING//FRIDDAY NIGHT
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL FRIDAY EVENING/SATURDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING SEVERAL WEEKS TO DELIVER
EXCHANGE FOR RISK EXPLANATION/FEB THROUGH /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 TTO 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.
ANALYSIS JUNE DELIVERY MONTH GOING FROM FIRST DAY NOTICE// JUNE COMEX CONTRACT
WE HAVE LOST A FAIR SIZED TOTAL OF 2.594 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 ADD FRIDAY NIGHT’S QUEUE JUMP OF 70,730 OZ OR 2.2 TONNES OF GOLD//NEW STANDING FOR JUNE GOLD ADVANCES TO 91.636
ALL OF THIS QUITE SMALL STANDING FOR JUNE WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $19.80
WE HAD A HUGE 5745 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 834 CONTRACTS OR 83400 0Z (2.534 TONNES)
Total monthly oz gold served (contracts) so far this month
29.312 notices 2,931200 oz 91.172 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 ENTRY
1 ENTRY
i) Manfra 210,624.228 oz 6.5 tonnes
total withdrawal 210,624.228 oz
adjustments: 1//
Delaware dealer to customer: 289.359 oz
9 kilobars
AMOUNT OF GOLD STANDING FOR JUNE
THE FRONT MONTH OF JUNE STANDS AT 857 CONTRACTS FOR A LOSS OF 944 CONTRACTS. WE HAD 1444 CONTRACTS SERVED ON FRIDAY SO WE GAINED 500 CONTRACTS FOR 50,000 OZ OR 1.555 TONNES OF GOLD WHICH UNDERWENT A QUEUE JUMP WHERE THESE BOYS DECIDED TO TAKE IMMEDIATE DELIVERY ON THIS SIDE OF THE POND. THIS TOTAL WILL BE ADDED TO OUR INITIAL AMOUNT OF GOLD STANDING AT 62.534 TONNES//NEW STANDING ADVANCES TO 91.636 TONNES
JULY GAINED 178 CONTRACTS TO STAND AT 6676
AUGUST LOST 3814 CONTRACTS UP TO 331,505
We had 708 contracts filed for today representing 708000 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 708 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 576 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 (29,312 X 100 oz ) to which we add the difference between the open interest for the front month of JUNE (887 CONTRACTS) minus the number of notices served upon today (708 x 100 oz per contract) equals 2,946000 OZ OR 91.636 TONNES to which we add 0 tonnes of gold issued under exchange for risk// total standing 91.636 tonnes
thus the INITIAL standings for gold for the JUNE contract month: No of notices filed so far (29.312 x 100 oz +we add the difference for front month of JUNE (887 OI} minus the number of notices served upon today (708 x 100 oz) which equals 2,946000 OZ OR 91.636 TONNES + 0 tonnes EX FOR RISK = 91.636 tonnes
TOTAL COMEX GOLD STANDING FOR JUNE.: 91.636 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!!
i) CNT 10,102.820 oz ii) Out of HSBC 300,362.230 oz
total withdrawal 301,465.050 oz
ADJUSTMENTs 1
a) customer to dealer: 12,183,484.450 oz
JPMorgan has a total silver weight: 214.860million oz/495.467 oz million or 43.43%
ADJUSTMENTs 2
a) customer to dealer: JPMorgan 7,395,420.600
b) CNT 32111,836.05 oz customer to dealer.
JPMorgan has a total silver weight: 214.862million oz/498,385 oz million or 43.17%
NEW STANDING FOR GOLD, JUNE CONTRACT AT 91.636 TONNES OF GOLD.
.
/ 3) LITTLE IF ANY T.A.S. LIQUIDATION DESPITE HAVING 1)A $19.80 COMEX PRICE LOSS.. WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED DESPITE THAT LOSS IN PRICE AS WE HAD A SMALL LOSS OF 834 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) FAIR SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER (1433 CONTRACTS)/// SMALL T.A.S. ISSUANCE: 892 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: 25,188 CONTRACTS OR 2,518,800 OZ OR 78.345 TONNES IN 15 TRADING DAY(S) AND THUS AVERAGING: 1679 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN15 TRADING DAY(S) IN TONNES 78.345 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 78.345 TONNES DIVIDED BY 3550 x 100% TONNES = 2.19% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
2024 AND 2025:
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
GOLD CLOSED UP $9.25 TO $3,379.15
SILVER CLOSED UP $0.18 TO $36.22
GOLD ACCESS CLOSED $3381.00
Silver ACCESS CLOSED: $36.32
–
Bitcoin morning price:$101,564 DOWN 1567 DOLLARS.
Bitcoin: afternoon price: $103050 DOWN 2081 DOLLARS
Platinum price closing UP $22.25 TO $1293.35
Palladium price; UP $24.75 TO $1078.00
END
*CANADIAN GOLD: $4,641.53 UP 15.20 CDN dollars per oz( * NEW ALL TIME HIGH $4735.70 CDN DOLLARS PER OZ//APRIL 21 2025)
*BRITISH GOLD: 2497.86 DOWN 3.30 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING//2,566.50 BRITISH POUNDS/OZ) MAY 6/2025
*EURO GOLD: 2919.35 DOWN 8.30 Euros per oz //* (ALL TIME CLOSING HIGH: 3018.80 EUROS PER OZ/ APRIL 21 //2025)
332 H STANDARD CHARTERED B 69 435 H SCOTIA CAPITAL (USA) 1 624 H BOFA SECURITIES 707 661 C JP MORGAN SECURITIES 1 545 686 C STONEX FINANCIAL INC 2 690 C ABN AMRO CLR USA LLC 1 880 C CITIGROUP 1 905 C ADM 3 991 H CME 86
TOTAL: 708 708 MONTH TO DATE: 29,312
MONTH TO DATE: 28,604
JPMORGAN STOPPED 545/708
JUNE
GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024: 708 CONTRACTs NOTICES FOR 70,800 OZ or 2.202 TONNES
total notices so far: 29,312 contracts for 2,931,200 OR 91.172 tonnes)
FOR JUNE
XXXXXXXXXXXXXXXXXX
SILVER NOTICES: 64 NOTICE(S) FILED FOR 320,000 OZ/
total number of notices filed so far this month : 3359 CONTRACTS (NOTICES) for 16.795 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $9.25 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD:
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.599 TONNES OF GOLD FROM THE GLD
INVENTORY RESTS AT 950.241 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.18 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: ///A DEPOSIT OF 2.591 MILLION OZ INTO THE SLV//
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 477.232 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUGE SIZED 1166 CONTRACTS TO 183,316 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR STRONG LOSS OF $0.83 IN SILVER PRICING AT THE COMEX WITH RESPECT TO FRIDAY’S TRADING. WE FINALLY HAVE THE PIERCING OF $34.40 TO 34.50 SILVER PRICE BARRIER. WE HAD A STRONG SIZED LOSS OF 461 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A HUGE 705 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS COMEX TRADING WITH RESPECT TO FRIDAY’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 SUCCEEDED ON WEDNESDAY WITH SILVER’S LOSS IN PRICE. THE PRICE FINISHED MILES ABOVE THE MAGIC NUMBER OF $34.40 SILVER SPOT PRICE CLOSING AT $36.04. . WE HAVE A HUGE T.A.S. ISSUANCE WITH FRIDAY NIGHT’S 888 CONTRACTS ISSUED BY THE CME AND THAT STILL 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 705 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE SIZED 888 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN MONDAY’S TRADING/ AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE LOST A STRONG SIZED 461 CONTRACTS ON OUR TWO EXCHANGES WITH OUR HUGE LOSS IN PRICE OF $0.83.
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 $36.56 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 FRIDAY NIGHT/SATURDAY MORNING: A HUGE 888 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES.
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.83) AND WERE SUCCESSFUL IN KNOCKING OFFA FEW NET SILVER LONGS FROM THEIR PERCH AS WE HAD A SMALL LOSS OF 166 CONTRACTS ON OUR TWO EXCHANGES.
WE HAD A 705 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 9.90 MILLION OZ FOLLOWED BY TODAY’S 5,000 OZ QUEUE JUMP//NEW TOTAL STANDING ADVANCES TO 16.815 MILLION OZ!!
THUS:
INITIAL STANDING FOR JUNE: 9.90 MILLION OZ PLUS TODAY’S 5,000 OZ QUEUE JUMP = 16.815 MILLION OZ.
WE HAD:
/ HUGE COMEX OI LOSS+// A 705 SIZED EFP ISSUANCE (/ VI) A HUGE NUMBER OF T.A.S. CONTRACT ISSUANCE 888 CONTRACTS)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED A SMALL 27 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 15 DAY(S), total 14,025 contracts: OR 70.125 MILLION OZ (935 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 70.125 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: 70.125 MILLION OZ (NOTICE EFP ISSUANCE GETTING MUCH LARGER
XXXXXXXXXXXXXXXXXXXXXXXXXXXX
RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1166 CONTRACTS WITH OUR HUGE LOSS IN PRICE OF $0.83 IN SILVER PRICING AT THE COMEX// FRIDAY.,. . THE CME NOTIFIED US THAT WE HAD A HUGE 705 CONTRACT EFP ISSUANCE CONTRACTS: 705 ISSUED FOR JULY AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
LAST 3 MONTHS OF SILVER DELIVERIES:
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 16.050 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 FINISHES AT: 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 5,000 OZ QUEUE JUMP = 16.815 MILLION OZ
THE NEW TAS ISSUANCE FRIDAY NIGHT (888 ) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND FOR SURE TODAY’S TRADING (MONDAY-TUESDAY TRADING) AND BEYOND.
WE HAD 64 NOTICE(S) FILED TODAY FOR 320,000 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 2267 OI CONTRACTS TO 440,107 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.) THUS WE HAVE A 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 HUGE 5412 CONTRACTS //.
WE HAD A FAIR SIZED DECREASE IN COMEX OI (2267 CONTRACTS) . THIS OCCURRED DESPITE OUR LOSS OF $19.80 IN PRICE// FRIDAY///.
LAST TWO MONTHS OF GOLD DELIVERIES:
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 $19.80 LOSS IN PRICE WITH RESPECT TO FRIDAY’S COMEX ///. WE HAD SMALL SIZED LOSS OF 834 OI CONTRACTS (2.594 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 1.555 TONNES OF A QUEUE JUMP //NEW STANDING ADVANCES TO 91.626 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 FAIR SIZED 1433 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 440,107/NOW AT THE LOW END OF THE SCALE DESPITE THE HIGH PRICE OF GOLD!!
SILVER ALSO HAS A LOW COMEX OI OF 183,316 CONTRACTS BUT GAINING RAPIDLY!!
IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 834 CONTRACTS WITH 2267 CONTRACTS DECREASED AT THE COMEX// AND A FAIR SIZED 1433 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 834 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALL SIZED AND CRIMINAL 892 CONTRACTS
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT(1433) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 2267 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 4578 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 1.555 TONNES QUEUE JUMP //NEW STANDING ADVANCES TO 91.636 TONNES./
NEW STANDING FOR GOLD, JUNE CONTRACT AT 91.636 TONNES OF GOLD.
.
/ 3) LITTLE IF ANY T.A.S. LIQUIDATION DESPITE HAVING 1)A $19.80 COMEX PRICE LOSS.. WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED DESPITE THAT LOSS IN PRICE AS WE HAD A SMALL LOSS OF 834 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) FAIR SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER (1433 CONTRACTS)/// SMALL T.A.S. ISSUANCE: 892 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: 25,188 CONTRACTS OR 2,518,800 OZ OR 78.345 TONNES IN 15 TRADING DAY(S) AND THUS AVERAGING: 1679 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN15 TRADING DAY(S) IN TONNES 78.345 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 78.345 TONNES DIVIDED BY 3550 x 100% TONNES = 2.19% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
2024 AND 2025:
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END JUST SHORT OF THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 393.875 TONNES ( A HUGE MONTH////NOW SURPASSED THE PREVIOUS 3RD AND 2ND HIGHEST EVER RECORDED EX FOR PHYSICAL ISSUANCE TO BECOME THE 2ND HIGHEST EVER RECORDED
DEC 360.03 TONNES THIRD HIGHEST EVER RECORDED FOR EFP ISSUANCE
TOTAL 2024 YEAR. 3,597.846 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STILL A SMALL TO FAIR ISSUANCE FOR THE MONTH.
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 73.88 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 FELL BY A FAIR SIZED 349 CONTRACTS OI TO 184,482 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 1327 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
JULY and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1327 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 322 CONTRACTS AND ADD TO THE 1327 E.FP. ISSUED
WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 978 CONTRACTS DESPITE OUR SMALL LOSS IN PRICE OF $0.20 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 5.025 MILLION PAPER OZ
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
ASIAN MARKETS THIS THURSDAY MORNING:
SHANGHAI CLOSED UP 1.40 PTS OR 0.04%
//Hang Seng CLOSED DOWN 269.61 PTS OR 1.12%
// Nikkei CLOSED UP 348.41 PTS OR 0.90% //Australia’s all ordinaries CLOSED DOWN 0.15%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1871 OFFSHORE CLOSED DOWN AT 7.1989/ Oil UP TO 74.62 dollars per barrel for WTI and BRENT UP TO 76.15 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP TRADING AT 7.1871 AND WEAKER//OFF SHORE YUAN TRADING UP TO 7.1845 AGAINST US DOLLAR/ AND THUS WEAKER
XXXXX
ASIAN MARKETS THIS FRIDAY MORNING:
SHANGHAI CLOSED DOWN 2.11 PTS OR 0.07%
//Hang Seng CLOSED UP 292.74 PTS OR 1.21%
// Nikkei CLOSED DOWN 85.11 PTS OR 0.22% //Australia’s all ordinaries CLOSED DOWN 0.20%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1797 OFFSHORE CLOSED UP AT 7.1795/ Oil UP TO 76.02 dollars per barrel for WTI and BRENT UP TO 77.07 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP TRADING AT 7.1797 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1795 AGAINST US DOLLAR/ AND THUS STRONGER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 1160 CONTRACTS TO A STILL LOW NUMBER OF 442,374 OI DESPITE OUR SMALL GAIN IN PRICE OF $1.30 WITH RESPECT TO WEDNESDAY’S // TRADING. WE LOST ZERO NUMBER OF NET LONGS WITH THAT PRICE LOSS FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1384 ). WE HAD LITTLE T.A.S. LIQUIDATION
THE CME ANNOUNCED WEDNESDAY 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 FAIR SIZED GAIN ON OUR TWO EXCHANGES OF 2544 CONTRACTS DESPITE OUR SMALL GAIN IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN ON WEDNESDAY 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 SMALL AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 608 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 0.60653 TONNES QUEUE JUMP = 90.081 TONNES. (IS THE COMEX RUNNING OUT OF GOLD?)//TOTAL NET QUEUE JUMPING FOR THE MONTH FOR THE MONTH: 27.543 TONNES
NEW TOTAL TONNES STANDING JUNE: 90.081 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 FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A FAIR SIZED 1384 EFP CONTRACT WAS ISSUED: : /AUGUST 1834 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 1384 CONTRACT. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS.
WE HAD :
ZERO LIQUIDATION OF OUR T.A.S. SPREADERS
ZERO NET SPEC LIQUIDATION WITH OUR SMALL GAIN IN PRICE
T.A.S.SPREADER ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR WEDNESDAY MORNING//TUESDAY NIGHT WAS A SMALL SIZED, 608 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 SMALL GAIN 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 0.60653 TONNES OF QUEUE JUMP EQUALS 90.081 TONNES
THIS IS CENTRAL BANKS STANDING FOR PHYSICAL GOLD!!
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING/JUNE CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $1.30/ /) AND THEY WERE UNSUCCESSFUL IN KNOCKING OFF ANY APPRECIABLE NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED GAIN IN OI FROM TWO EXCHANGES. AND AS EXPLAINED ABOVE WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION ////WEDNESDAY 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
FRIDAY MORNING//WEDNESDAY 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 WEDNESDAY EVENING/FRIDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING SEVERAL WEEKS TO DELIVER
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 TTO 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.
ANALYSIS JUNE DELIVERY MONTH GOING FROM FIRST DAY NOTICE// JUNE COMEX CONTRACT
WE HAVE GAINED A FAIR SIZED TOTAL OF 7.912 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 ADD WEDNESDAY NIGHT’S QUEUE JUMP OF 19,500 OZ OR 0.60653 TONNES OF GOLD//NEW STANDING FOR JUNE GOLD ADVANCES TO 90.081.
ALL OF THIS QUITE SMALL STANDING FOR JUNE WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $1.30
WE HAD A HUGE 5945 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL.
NET GAIN ON THE TWO EXCHANGES 2544 CONTRACTS OR 254,400 0Z (7.912 TONNES)
Total monthly oz gold served (contracts) so far this month
29.312 notices 2,931200 oz 91.172 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 ENTRY
1 ENTRY
i) Manfra 210,624.228 oz 6.5 tonnes
total withdrawal 210,624.228 oz
adjustments: 1//
Delaware dealer to customer: 289.359 oz
9 kilobars
AMOUNT OF GOLD STANDING FOR JUNE
THE FRONT MONTH OF JUNE STANDS AT 857 CONTRACTS FOR A LOSS OF 944 CONTRACTS. WE HAD 1444 CONTRACTS SERVED ON FRIDAY SO WE GAINED 500 CONTRACTS FOR 50,000 OZ OR 1.555 TONNES OF GOLD WHICH UNDERWENT A QUEUE JUMP WHERE THESE BOYS DECIDED TO TAKE IMMEDIATE DELIVERY ON THIS SIDE OF THE POND. THIS TOTAL WILL BE ADDED TO OUR INITIAL AMOUNT OF GOLD STANDING AT 62.534 TONNES//NEW STANDING ADVANCES TO 91.636 TONNES
JULY GAINED 178 CONTRACTS TO STAND AT 6676
AUGUST LOST 3814 CONTRACTS UP TO 331,505
We had 708 contracts filed for today representing 708000 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 708 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 576 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 (29,312 X 100 oz ) to which we add the difference between the open interest for the front month of JUNE (887 CONTRACTS) minus the number of notices served upon today (708 x 100 oz per contract) equals 2,946000 OZ OR 91.636 TONNES to which we add 0 tonnes of gold issued under exchange for risk// total standing 91.636 tonnes
thus the INITIAL standings for gold for the JUNE contract month: No of notices filed so far (29.312 x 100 oz +we add the difference for front month of JUNE (887 OI} minus the number of notices served upon today (708 x 100 oz) which equals 2,946000 OZ OR 91.636 TONNES + 0 tonnes EX FOR RISK = 91.636 tonnes
TOTAL COMEX GOLD STANDING FOR JUNE.: 91.636 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!!
i) CNT 10,102.820 oz ii) Out of HSBC 300,362.230 oz
total withdrawal 301,465.050 oz
ADJUSTMENTs 1
a) customer to dealer: 12,183,484.450 oz
JPMorgan has a total silver weight: 214.860million oz/495.467 oz million or 43.43%
ADJUSTMENTs 2
a) customer to dealer: JPMorgan 7,395,420.600
b) CNT 32111,836.05 oz customer to dealer.
ADJUSTMENTs 2
a) customer to dealer: JPMorgan 7,395,420.600
b) CNT 32111,836.05 oz customer to dealer.
JPMorgan has a total silver weight: 214.862million oz/498,385 oz million or 43.17%
TOTAL REGISTERED SILVER: 181.882 MILLION OZ//.TOTAL REG + ELIGIBLE. 499.385 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JUNE
silver open interest data:
FRONT MONTH OF JUNE /2025 OI: 68 OPEN INTEREST CONTRACTS FOR A LOSS OF 0 CONTRACTS. WE HAD 1 CONTRACT SERVED ON FRIDAY SO WE GAINED 1 CONTRACTS OR 5,000 OZ UNDERWENT A QUEUE JUMP IN ORDER TO TAKE DELIVERY OF PHYSICAL SILVER OVER ON THIS SIDE OF THE POND.
JULY LOST 6909 CONTRACTS DOWN TO 71,830
AUGUST GAINED 97 CONTRACTS TO 962
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 64 or 320,000 oz
CONFIRMED volume; ON FRIDAY 122,058 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 3359 X5,000 oz = 16.795 MILLION oz
to which we add the difference between the open interest for the front month of JUNE (68) AND the number of notices served upon today (64 )x (5000 oz)
Thus the standings for silver for the JUNE 2025 contract month: (3359) Notices served so far) x 5000 oz + OI for the front month of JUNE(68) minus number of notices served upon today (64)x 5000 oz equals silver standing for the JUNE contract month equating to 16.815 MILLION OZ .
New total standing: 16.815 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 181.882million 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 23 WITH GOLD UP $9.25 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.599 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 950.241 TONNES
JUNE 20 WITH GOLD DOWN $19.80 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.43 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 947.37 TONNES
JUNE 18 WITH GOLD UP $1.30 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 4.03 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 945.94 TONNES
JUNE 17 WITH GOLD DOWN $9.60 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 941.93 TONNES
JUNE 16 WITH GOLD DOWN $33.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.758 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 940.49 TONNES
JUNE 13 WITH GOLD UP $53.40 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.38 TONNES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 932.91 TONNES
JUNE 12 WITH GOLD UP $55.75 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 934.19 TONNES
JUNE 11 WITH GOLD UP $1.10 TODAY// SMALL CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 0.31 TONNEES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 935.91 TONNES
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
GLD INVENTORY: 950.241 TONNES, TONIGHTS TOTAL
SILVER
JUNE 23 WITH SILVER UP $0.18/ HUGE CHANGES AT THE SLV:. A DEPOSIT OF 2.591 MILLION OZ INTO THE SLV..////INVENTORY RESTS AT 477.232 MILLION OZ.
JUNE 20 WITH SILVER DOWN $0.83/ HUGE CHANGES AT THE SLV:. A DEPOSIT OF 2.818 MILLION OZ INTO THE SLV..////INVENTORY RESTS AT 474.641 MILLION OZ.
JUNE 18 WITH SILVER DOWN $0.20/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 1.273 MILLION OZ INTO THE SLV..////INVENTORY RESTS AT 471.823 MILLION OZ.
JUNE 17 WITH SILVER UP $0.67/ HUGE CHANGES AT THE SLV:. A DEPOSIT OF 1.273 MILLION OZ INTO THE SLV..////INVENTORY RESTS AT 473.096 MILLION OZ.
JUNE 16 WITH SILVER UP $0.18/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 1.727 MILLION OZ FROM THE SLV..////INVENTORY RESTS AT 471.823 MILLION OZ.
JUNE 13 WITH SILVER UP $0.11/NO CHANGES AT THE SLV:.////INVENTORY RESTS AT 473.550 MILLION OZ.
JUNE 12 WITH SILVER UP $0.11/HUGE CHANGES AT THE SLV:A DEPOSIT OF 1.276 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 473550 MILLION OZ.
JUNE 11 WITH SILVER DOWN $0.45/HUGE CHANGES AT THE SLV:A DEPOSIT OF 1.046 MILLION OZ INTO THE SLV/ ././///INVENTORY RESTS AT 472.274 MILLION OZ.
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
Any relationship between war and gold is indirect. This is where those who believe that uncertainty is good for gold get it wrong.
In response to President Trump’s weekend bombing run against Iran’s nuclear facilities, traders in energy commodities and precious metals were keen to see how prices were affected when markets opened in the Far East this morning. They changed little.
Iran’s parliament passed a resolution authorising the leadership to close the straits of Hormuz, potentially sending a price shock to western markets. But that option appears unlikely, because very little of the Gulf’s oil goes to the US: it mostly goes to China and other Asians. Other than a price shock, nothing would be achieved other than making life difficult for Iran’s allies.
In any event, for insurance purposes western-insured shipping is effectively excluded from the Gulf, leaving access open to Asian nations friendly to Iran. Therefore, we can assume that Gulf shipments will continue, except for goods, oil, and gas to Europe.
It would therefore appear that market reactions to America’s bombing are proportionate for the moment. But it is a developing situation. This also holds true for gold: primarily, it is the prospects for the dollar’s purchasing power that matter. If, in the coming weeks it appears that energy costs will increase consumer prices, or put another way undermine the dollar’s purchasing power, then this should be reflected in a higher gold price — not least because of the consequences for bond yields and the US government’s debt trap.
To understand these prospects requires an assessment of how the conflict will progress. We are told by the media that the regime could fall at any moment. But we should dismiss western propaganda, which is simply belligerent against Iran. Bearing in mind that it has survived western sanctions and attempts to undermine it for the last 46 years, Iran’s government knows how to survive.
It will not be toppled easily, and even though the theocracy is extremist and distasteful to western eyes, America’s intervention only solidifies internal support for the Ayatollahs and gains Arab sympathy for Iran throughout the region.
Iran has threatened US bases in the region, which would only serve to bring America into direct conflict. That would be unwise. The Iranians would be far better continuing to attack Israel, now that its iron dome is breached. It should concentrate on destroying Israeli airfields and air power.
Iran’s resources are not limitless, but nor are Israel’s. Israel has been obliterating Gaza since October 2023, and it has successfully fought Hezbollah. It now risks credit downgrades. Iran probably has greater resource reserves, having only used surrogate forces so far. It would probably suit Iran to fight a war of attrition against Israel.
In summary, It appears unlikely that US bombing this weekend will lead to Iran attacking US bases or closing Hormuz. And gold will watching consequences for the dollar as they develop.
I
ASIAN MARKETS THIS MONDAY MORNING:
SHANGHAI CLOSED UP 21.69 PTS OR 0.65%
//Hang Seng CLOSED UP 158.67 PTS OR 0.67%
// Nikkei CLOSED DOWN 49.19 PTS OR 0.13% //Australia’s all ordinaries CLOSED DOWN 0.41%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1880 OFFSHORE CLOSED DOWN AT 7.1888/ Oil DOWN TO 74.57 dollars per barrel for WTI and BRENT UP TO 77.79 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN TRADING AT 7.1880 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1888 AGAINST US DOLLAR/ AND THUS WEAKER
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN TO 7.1880 (CHINESE COMMUNIST PARTY MANIPULATED)
OFFSHORE YUAN: DOWN TO 7.1888 (CCP MANIPULATED)
SHANGHAI CLOSED UP 21.69 PTS OR 0.65%
HANG SENG CLOSED UP 158.67 PTS OR 0.67%
2. Nikkei closed DOWN 49.14 PTS OR 0.13%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX DOWN TO 98.95/ EURO FALL TO 1.1463 DOWN 50 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +1.4210//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.97…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and UP 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 UP TO +2.5310/Italian 10 Yr bond yield UP to 3.540 SPAIN 10 YR BOND YIELD UP TO 3.231%
3i Greek 10 year bond yield UP TO 3.326
3j Gold at $3380.75 Silver at: 36.18 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 9 /100 roubles/dollar; ROUBLE AT 78.31
3m oil (WTI) into the 74 dollar handle for WTI and 77 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 147,97// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.4210% 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 0.8186 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9284 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: 4.387 UP 1 BASIS PTS…
USA 30 YR BOND YIELD: 4.909 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 3.920 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 39.73
10 YR UK BOND YIELD: 4.5390 UP 0 PTS
10 YR CANADA BOND YIELD: 3.306 UP 0 BASIS PTS
5 YR CANADA BOND YIELD: 2.899 UP 1 PTS
2a New York OPENING REPORT
Futures Rebound, Oil Slides As Dip Buyers Fade US Bombing Of Iran
by Tyler Durden
Monday, Jun 23, 2025 – 08:36 AM
US stock futures rebounded strongly overnight after initially falling as much as 1% to 5,970 after the weekend escalation in the Iran-Israeli war where the US bombed three key nuclear facilities in Iran, to eventually rise as much as 0.3% before fading again as US traders came to their desks, while Europe traded near session lows. As of 8:00am ET, S&P futures are down 0.1% while Nasdaq 100 futures drop 0.3% with Mag 7 names mixed, as TSLA outperforms (+1.5% after the Robotaxi launch), META (+0.4%) and GOOG/L (+0.4%). Bond yields reversed an earlier rise, only to slump sharply just before 8am ET, the US dollar surges as the world remembers just what the flight to safety currency is (the basket case of a currency that is the Japanese yen tumbled to 148, the lowest in almost two months). Commodities are largely flat; Brent crude pared an advance of as much as 5.7% to about 1.2%, trading below $78 a barrel as the market took Iran’s lack of immediate retaliation as signs of capitulation. US economic data slate includes June manufacturing and services PMI (9:45am) and May existing home sales (10am). Powell testifies in the House of Representatives Tuesday, Senate Wednesday
In premarket trading, Mag7 stocks are mixed (Tesla +0.5%, Meta -0.2%, Alphabet -0.2%, Amazon -0.3%, Microsoft -0.3%, Apple -0.3%, Nvidia -0.9%). US energy and defense stocks are higher in premarket trading with markets awaiting Iran’s reaction to US strikes on its nuclear facilities and if it is going to disrupt oil supplies. Shares of airlines and cruise operators edged lower. Here are some other notable premarket movers:
AST SpaceMobile Inc. (ASTS) shares fell 3% in premarket trading after Scotiabank cut its recommendation on the space broadband company to sector perform from sector outperform.
Advanced Micro Devices Inc. shares (AMD) are up 0.4% in premarket trading, after Melius Research upgraded the chipmaker to buy from hold.
Circle Internet Group (CRCL) is set to extend gains for a third consecutive session, rising 6.3% in premarket trading, after the US Senate passed stablecoin legislation last week.
Dow Inc. shares (DOW) are down 1.8% in premarket trading, after BMO Capital Markets downgraded the chemical company to underperform from market perform.
Estee Lauder (EL) rises 1.8% in US premarket trading after Deutsche Bank upgrades the cosmetics company to buy from hold due to increasing evidence that the firm is diversifying beyond China for future growth.
Fiserv shares (FI) jump 3.9% in premarket trading Monday after the Wall Street Journal reported the financial-technology company’s plans to launch a stablecoin and platform for its clients.
Hims & Hers Health (HIMS) shares crater 18% after Novo Nordisk ended its partnership with the telehealth platform that has been selling compounded obesity drugs
Li Auto ADRs (LI) gain 4.6% in US premarket trading after the Chinese electric-vehicle maker said it will introduce a new electric SUV in September.
Northern Trust Corp. shares (NTRS) gain 4.6% in premarket trading on Monday after the Wall Street Journal reported that Bank of New York Mellon had approached the company in recent days to express interest in a possible merger.
Tesla (TSLA) is outperforming fellow Magnificent 7 stocks in premarket trading on Monday, rising 0.5%, after launching its much-anticipated driverless taxi service to a handful of riders on Sunday.
US equity futures staged a powerful rebound from overnight lows but remained on edge even as brent crude pared an advance of as much as 5.7% to about 1.2%, trading below $78 a barrel. The dollar strengthened 0.5% against a basket of currencies, advancing against all Group-of-10 peers as traders hedged against the risk of further oil price gains.
Oil, which has risen more than 12% since the onset of the Israel-Iran conflict, remained the central focus as any interruption to traffic through the Strait of Hormuz raises the specter of a spike in energy prices and higher inflation. While Iran’s Foreign Minister Abbas Araghchi said the country reserved all options for a response, there haven’t yet been any signs of disruption to physical flows.
“Markets are judging that the response may not be quite as dramatic, because Iran would risk antagonizing others who are not yet pulled in,” John Bilton, head of multi-asset strategy at JPMorgan Asset Management, told Bloomberg TV. The market is “absorbing a geopolitical event that is going on and judging that this does not, on face value, change the direction of travel.”
Sure enough, the market agrees and its reaction has been generally muted since Israel’s initial assault on Iran this month. Even after falling for the past two weeks, the S&P 500 is only about 3% below its all-time high from February. Additional losses may be contained, as some investors had already positioned for an escalation in the conflict. Equity exposure among fund managers has been trimmed while stocks are no longer in overbought territory. The market’s sanguine reaction offers investors an opportunity to reduce their risk exposure, noted Mohit Kumar, chief European strategist at Jefferies International.
“We don’t see a closure of the Hormuz strait but see possibility of disruption,” Kumar said. “Our base case would be a period of uncertainty lasting a few weeks, but without a sharp escalation.”
Yet while the market reaction to the US strike on Iranian nuclear facilities is muted so far, a lot could happen from here. For traders, all eyes are on oil prices and whether shipping through the key Strait of Hormuz will be disrupted. If Iran was to close the Strait of Hormuz, “a stagflation scenario with lower growth and higher inflation due to elevated oil prices is the main risk for markets,” said Ulrich Urbahn, head of multi-asset strategy and research at Berenberg. “It would also curb the abilities of central banks to support markets.”
In Europe, the Stoxx 600 also tried to stage a recovery, and failed trading down almost 1% last at its worst levels. Tech, construction and energy are among the few rising sectors while industrial goods and services and chemicals are the worst performers. Here are some of the biggest movers on Monday:
Energy stocks gain while airlines fall as unprecedented US airstrikes on Iran set traders and governments worldwide on edge. Some international airlines including British Airways canceled some flights to the Persian Gulf.
UCB gains as much as 5.2% after Morgan Stanley upgraded the Belgian biotech to overweight, saying the year-to-date pullback offers a “uniquely compelling entry point” and seemingly obscures strong fundamentals.
Saab shares drop as much as 4.3%, Hensoldt falls as much as 6.9% and Renk tumbles as much as 7.6% after Citi downgraded the three European defense stocks to sell, saying the NATO summit is probably as good as it will get for them in terms of spending.
Air Liquide falls as much as 2.4%, the most since April 9, after BofA Global Research cut its recommendation on the French industrial gas firm to underperform.
Novo Nordisk shares slip as much as 3.5% after researchers presented new data on the Danish drugmaker’s next-generation obesity shot CagriSema.
Earlier in the session, Asian equities fell to a three-week low, led by technology shares, as US strikes on three Iranian nuclear sites dented risk appetite. The MSCI Asia Pacific Index declined as much as 1.3% to the lowest since June 3, with TSMC, Sony and Samsung Electronics contributing the most to the drop. Share indexes in Taiwan, Philippines and Indonesia retreated more than 1% each. Stocks in Asia have recently lost momentum after a strong start to June, as investors scale back their risk exposure amid rising tensions in the Middle East. Market participants are closely watching for Iran’s response after it warned of retaliation while Israel showed no signs of easing its offensive. “Obviously concern levels are heightened but we are unlikely to get huge disruptions from the weekend’s events on financial markets barring new entrants into the conflict,” said Matthew Haupt, portfolio manager at Wilson Asset Management. “I think markets are awaiting further developments in the Middle East and very much on the sell track before this unresolved risk.”
In FX, the Bloomberg Dollar Spot Index extends its climb to 0.5%. The Japanese yen and kiwi dollar are the weakest of the G-10 currencies, falling 1.2% each. The Swiss franc has been the most resilient against the greenback with only a 0.1% decline.
In rates, treasuries are reversed their earlier drop, with US 10-year yields dropping 2 bps to 4.35%. Bunds are a touch lower, but underperforming their UK counterparts. Both showed little reaction to regional PMI data — euro-area composite PMI came in slightly below the median estimate while the UK reading was slightly ahead of the consensus. Ahead this week are 2-, 5- and 7-year note auctions beginning Tuesday and Fed Chair Powell’s semiannual congressional testimony, also Tuesday.
In commodities, WTI crude oil futures gapped 4.6% higher at the open in anticipation of Iran’s response, rising to $78 the highest since January, but have pared the gain to about 1%. Spot gold is little changed near $3,368/oz.
Looking at today’s calendar, US economic data slate includes June manufacturing and services PMI (9:45am) and May existing home sales (10am).Fed speakers include Governor Bowman (10am), Chicago’s Goolsbee (1:10pm), New York’s Williams and Governor Kugler (2:30pm). Powell testifies in the House of Representatives Tuesday, Senate Wednesday
Market Snapshot
S&P 500 mini -0.1%,
Nasdaq 100 mini -0.2%,
Russell 2000 mini -0.2%
Stoxx Europe 600 -0.8%,
DAX -0.2%,
CAC 40 -0.2%
10-year Treasury yield -3 basis points at 4.35%
VIX +0.2 points at 20.82
Bloomberg Dollar Index +0.5% at 1217.7
euro -0.5% at $1.1461
WTI crude +0.4% at $74.15/barrel
Top Overnight News
When the dust settled on Iran’s nuclear sites on Sunday after a US bombing raid that President Donald Trump said had “totally obliterated” its atomic program, one thing was still missing: its highly enriched uranium, which international authorities haven’t seen for more than a week.
Oil erased earlier gains as fears began to fade of an immediate disruption to supplies from the Middle East, following US strikes on key Iranian nuclear sites.
The euro area’s private sector barely grew in June, remaining in limbo as erratic US trade policy and geopolitical conflicts leave companies in the dark on what’s next.
Japan will reduce its issuance of super-long bonds starting in July, taking a step to calm a bond market rattled by recent surges in yields.
The UK private sector expanded at a marginally faster pace in June, helping ease worries of an economic contraction in the second quarter, according to a closely watched survey.
A UK agency set up to kick-start the country’s municipal bond scene has closed to new business, abandoning a decade-long push to emulate vibrant markets in the US and Europe.
Israel/Iran
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. The operation used 125 aircraft, including seven B-2 bombers, alongside submarine-launched Tomahawk cruise missiles. Fourteen GBU-57 Massive Ordnance Penetrators (“bunker busters”) were deployed to penetrate deeply buried targets, notably Fordow.
Satellite imagery shows significant damage at all facilities. Trump described it as a joint effort with Israel.
IAEA say the damage assessment is pending; no signs of radiation leak.
In retaliation, Iran’s parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the country’s nuclear facilities. Iran’s security body will make the final decision on whether to proceed with the plan, state television reported.
Iran retaliated by missile strikes on Israel. Has said future action could target over 20 US bases or naval assets. Iran’s Military Central Command says powerful operations with heavy consequences for the US are to be expected. US entering the conflict expands the list of legitimate targets for Iran.
The European morning has seen a slew of geopolitical updates (see section below). Some additional USD strength on: an Iranian provincial official says Israel is targeting the Fordow nuclear facility, via Tasnim. Israel struck Fordow’s access road, to prevent certain elements from approaching the area, according to Journalist Stein.
Trade/Tariffs
Japan scrapped a planned US meeting after Washington demanded higher defence spending, according to FT sources on Friday. US Secretary of State Rubio and Defence Secretary Hegseth had been scheduled to meet Japan’s Defence Minister Nakatani and Foreign Minister Iwaya in Washington on 1 July. Tokyo cancelled the meeting after the US requested Japan raise its defence spending target to 3.5%, up from an earlier request of 3%.
US President Trump said on Friday that it looks like the US would make trade deals with India and Pakistan, according to Reuters.
Japanese, South Korean, New Zealand, and Australian leaders will meet US President Trump at NATO, according to Nikkei.
IMF Managing Director Georgieva said global growth was forecast to slow down but no recession yet; IMF forecasts to be released in July, according to Bloomberg TV.
Japanese PM Ishiba is reportedly planning to skip NATO attendance, according to Kyodo.
Fed’s Barkin (2027 voter) on Friday said he sees no rush to cut interest rates and is not ready to dismiss the inflation risk from tariffs. He stated that a spike in inflation could not be ignored if it occurred, noting that price indices remained above target. He added that there was nothing urgent in the data warranting a rate cut at this point, with the job market and consumption holding up.
Fed’s Daly (2027 voter) on Friday said things were balanced and suggested looking more to the fall, rather than July, for a possible rate cut, in a CNBC interview. She stated that the economy and policy are currently in a good place, and concerns about tariffs on inflation were not as large as when they were first announced. Daly noted it was great news that inflation continued to decline. She said that without tariffs, the Fed would be considering rate normalisation, but they needed to continue monitoring policies going forward.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded lower with sentiment hit after weekend developments which saw the US carry out missile strikes against Iranian nuclear facilities in a surprise move. ASX 200 declined 0.8% in tandem with broader sentiment, with participants overlooking the improvement in Flash PMIs. Nikkei 225 fell 0.5%, though losses were somewhat cushioned by a weaker JPY on account of the stronger USD, with regional Flash PMIs largely shrugged off. Hang Seng and Shanghai Comp conformed to broader regional losses, with the focus largely on geopolitics. Chinese sentiment was further hampered by Friday’s WSJ report that the US is reportedly preparing action targeting allies’ chip plants in China.
Top Asian News
Chinese cross-border payment stocks rise after China and Hong Kong launched a fast cross-border payment connect on June 22.
Asian energy shares gain after a US attack on Iran’s three main nuclear sites boosted oil prices.
Asian airline shares decline after crude oil prices surged following the US airstrikes on Iran over the weekend that targeted three nuclear facilities.
Some shipping stocks in South Korea and China advance on speculation that tanker freight rates may rise following US air strikes on Iranian nuclear sites over the weekend.
Asian defense stocks advance after the US launched strikes on three Iranian nuclear sites over the weekend.
Macau casino operator shares decline after Morgan Stanley cut the industry’s Ebitda expectations by 3% and 4% for 2025 and 2026.
Asia’s chip stocks decline after the Wall Street Journal reported a US Commerce Department official has told top semiconductor companies he wants to revoke waivers they have used to access American technology in China.
Shares in Asian gold miners follow gains in bullion as investors buy haven assets after the US joined Israel in its attack on Iran.
European bourses (STOXX 600 +0.1%) opened lower across the board, as traders react to the surprise US attack on Iran. Although, it is worth noting that stocks have traded with an upward bias throughout the morning, with a handful of indices managing to climb into the positive territory. European sectors hold a negative bias, with only a handful of industries managing to hold afloat. Construction & Materials tops the pile, joined closely by Tech and then Energy; the latter of course buoyed by the upside in oil prices, sparked by the latest geopolitical flare ups.
Top European News
EU HCOB Composite Flash PMI (Jun) 50.2 vs. Exp. 50.5 (Prev. 50.2); Services Flash PMI (Jun) 50.0 vs. Exp. 50.0 (Prev. 49.7); Manufacturing Flash PMI (Jun) 49.4 vs. Exp. 49.7 (Prev. 49.4)
French HCOB Services Flash PMI (Jun) 48.7 vs Exp. 49.2 (Prev. 48.9); Manufacturing Flash PMI (Jun) 47.8 vs Exp. 50.0 (Prev. 49.8); Composite Flash PMI (Jun) 48.5 vs Exp. 49.3 (Prev. 49.3)
German HCOB Manufacturing Flash PMI (Jun) 49.0 vs. Exp. 48.7 (Prev. 48.3); Services Flash PMI (Jun) 49.4 vs. Exp. 47.5 (Prev. 47.1); Composite Flash PMI (Jun) 50.4 vs. Exp. 49.0 (Prev. 48.5)
UK Flash Services PMI (Jun) 51.3 vs. Exp. 51.5 (Prev. 50.9); Manufacturing PMI (Jun) 47.7 vs Exp. 46.6 (Prev. 46.4); Composite PMI (Jun) 50.7 vs. Exp. 50.5 (Prev. 50.3)
FX
DXY is on a firmer footing this morning, with the Greenback receiving haven inflows following the latest surprise US attack on Iran. On that, the US launched “Operation Midnight Hammer,” striking Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. Following the attack, US President Trump called the impact an “obliteration”, adding that the strike would be a one-time action, with Washington still seeking diplomacy. Iran’s Parliament has endorsed closing the Strait of Hormuz, but still awaits approval. Renewed Dollar strength on reports that Iran is targeting Fordow nuclear facility, taking the index to fresh highs of 99.42.
EUR is modestly lower vs the Dollar today, and currently trades in a 1.1454-1.1521 range; the low for today is in close proximity to its 21 DMA at 1.14428. It is worth noting that whilst the losses in the European morning are fairly modest in nature, the Single-Currency was one of the worst performers as markets reopened. This is likely in part due to the bloc’s heavy reliance on oil through the Strait of Hormuz, and therefore the potential inflationary impacts. Geopolitics aside, the EUR has had a number of EZ PMI figures to digest; the EZ-wide figure itself was mixed and had little impact on price action.
JPY benefited from the geopolitical risk premium at the reopen, but this soon reversed thanks to the stronger Dollar and amid the latest geopolitical implications on higher oil prices. As it stands, the JPY is the clear G10 underperformer. The currency was little moved by the region’s PMI report, which showed an improvement across all components, with the Manufacturing climbing into expansionary territory. USD/JPY has surged past its 100 DMA (146.80) to currently trade towards its session high at 147.95.
GBP is faring better vs peers but still lower vs the Dollar. Currently trades in a 1.3371-1.3448 range; the trough for today resides a little below its 50 DMA at 1.3402. UK PMIs only notable release for the day; Services printed in-line whilst the Manufacturing metric topped the most optimistic of analyst expectations. There was some modest two-way action in Cable, but it ultimately resided within the day’s range.
Antipodeans were swept away by the broader risk-off sentiment, following the surprise US attack on Iranian nuclear facilities. As sentiment seemingly improves across the equities complex, no real follow-through to the Aussie or Kiwi, where they still reside towards the foot of the G10 pile.
PBoC set USD/CNY mid-point at 7.1710 vs exp. 7.1914 (prev. 7.1695)
Indonesian central bank said it is to continue intervening in offshore onshore NDF spot FX markets to ensure the rupiah reflects fundamentals, according to an official.
Fixed Income
USTs began the week with gains, gapping higher from Friday’s 110-31+ close by a handful of ticks and then extended slightly further to a 111-04 peak, a tick higher than Friday’s best. Upside a function of the benchmarks trading as a haven, given the significant geopolitical escalation of Trump striking Iranian nuclear sites; details on the feed/see Commodities. However, the upside proved limited as while Iran has spoken about extensive retaliation they are yet to do anything particularly significant. The nation continues to strike Israel with missiles, and while Iran’s parliament has approved closing the Strait of Hormuz, the security body is yet to order it. Furthermore, no reported action against US-specific assets, though Iran says all options are on the table. Geopols aside, the docket today is busy with several Fed speakers due and Flash PMIs for June; the latter expected to fall slightly from the prior.
Bunds follow the above. Got as high as 130.92 overnight, stopping shy of the figure and by extension Friday’s 131.33 best. The limited move and subsequent modest pressure appear, primarily, to be a function of the inflationary implications of higher energy prices. Focus has been on PMIs; the French figures came in softer than expected across the board, sparking modest upside. Thereafter, Germany’s figures printed firmer than forecast and weighed slightly on EGBs. Finally, the EZ figure was softer than forecast, but with no real follow-through seen. More recently Bunds have moved back towards those overnight highs, to make an incremental fresh high at 130.93.
Gilts, as above, lifted after opening but has been drifting since in-fitting with peers. Went as low as 92.25, moved lower on the German Flash PMIs, but is now holding basically at the unchanged mark, just below the 92.70 peak. Geopolitics and the inflationary implications of the energy move aside, focus on PMIs. The UK Flash figures came in mixed, with Manufacturing and Composite better than forecast, though the Services figure was as expected. No real move to the data.
Commodities
Brent gapped higher by around 5.5% as markets reopened, in an initial reaction the US’ attack on Iranian nuclear facilties. Though gains have since almost entirely pared, with the complex now essentially flat. The reveral could be attributed to; 1) flows via the Strait of Hormuz are yet to be impacted and companies including Hapag-Lloyd and Maersk continue to sail through the Strait, 2) An element of profit taking and TPs hit ahead of the potential Iranian response, 3) Market contacts have suggested OPEC+ have not had any calls, with no talks of an emergency meeting yet amid no current signs of supply disruptions. Brent Aug’25 currently trades around USD 77.20/bbl.
Spot gold is lower, reversing opening gains in tandem with crude. Downside which comes alongside the firmer Dollar and broader improvement in market sentiment. The haven has gradually waned since the open, reaching highs of USD 3380/oz, and at the time of writing, testing the USD 3,360/oz mark, now looking to its 21 DMA just ten dollars below.
Copper is marginally in the red, initially dented by the threat of oil supply risks (China the largest buyer of Iranian oil), but given the crude reversal, the red metal is faring better. The aforementioned USD, benefitting from haven flows, is also weighing on the industrial metal. Currently towards the lower end of a quiet USD 9,608-9,679/t range.
Geopolitics: Israel-Iran
Iran’s Military Central Command says powerful operations with heavy consequences for the US are to be expected. US entering the conflict expands the list of legitimate targets for Iran.
Iran’s Army Chief says they are now free to take action against US interests, via IRNA.
Iranian city Karaj has been targeted by Israeli missiles, according to Fars; reports of large explosions being heard in Tehran.
Russian Kremlin says President Putin will receive the Iranian Foreign Minister later today. Communication channels remain open with the US, a call between US President Trump and Putin can be “quickly organised if required”; no current plans for a call. Iran can share its proposals later today.
US Strike Operations
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. The operation used 125 aircraft, including seven B-2 bombers, alongside submarine-launched Tomahawk cruise missiles.
Fourteen GBU-57 Massive Ordnance Penetrators (“bunker busters”) were deployed to penetrate deeply buried targets, notably Fordow.
Satellite imagery confirmed significant infrastructure damage at all three nuclear sites, with Fordow showing six fresh craters.
All targets were reportedly struck between 23:40 BST (Saturday) and 00:05 BST (Sunday). Iran’s air defence systems failed to detect or intercept the incoming attacks.
Trump described the attack as a joint effort with Israel, saying they “worked as a team like perhaps no team has ever worked before.”
Axios quoted officials as saying that Whitkov told Araqchi during the operation that “the strike is only once.” He confirmed that Washington was still seeking a diplomatic solution and wanted Tehran to return to negotiations.
US President Trump did not want to continue striking Iran, but he would do so if US bases were targeted, according to Sky News Arabia citing Axios.
US President Trump reportedly directed staff to announce a two-week window in order to conceal plans for the Iran attack, according to CNN sources.
Damage Assessment & Nuclear Risk
IAEA Director General Grossi said craters are visible at Fordow, Natanz suffered direct hits, and tunnel entrances at Isfahan were struck. Full underground damage assessment remains pending. A special IAEA board meeting is scheduled for Monday.
Chairman of the Joint Chiefs Gen. Dan Caine stated it is “too early” to assess whether Iran’s nuclear capability was fully neutralised.
US intelligence officials have raised concerns Iran may have relocated enriched uranium stockpiles in advance.
US Secretary of State Rubio urged Iran to surrender its enriched uranium stockpiles, claiming they remain buried under Isfahan and likely were not moved before the strikes.
The IAEA reported no signs of a radiation leak. Saudi Arabia’s Nuclear and Radiological Regulatory Authority confirmed no radioactive effects were detected in Gulf states.
Strait of Hormuz & Oil Flow Threat
The Iranian parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the country’s nuclear facilities. Iran’s security body will make the final decision on whether to proceed with the plan, state television reported.
US Secretary of State Rubio warned such a move would be “economic suicide” for Iran but remains a credible escalation vector.
NOTE: Market contacts have suggested OPEC+ have not had any calls, with no talks of an emergency meeting yet amid no signs of supply disruptions, yet.
Iranian Military Response
Iran launched retaliatory missile strikes on Tel Aviv and Haifa, Israel, resulting in at least 86 reported injuries.
Iranian officials have warned that future actions could target over 20 US bases or naval assets in the region.
Iran stated that its military would determine the timing, nature, and scale of its response, according to Reuters.
Signs have emerged of Iran‑backed militias preparing to attack US bases in Iraq and Syria, according to Sky News Arabia citing The New York Times.
Iranian air defences reportedly activated in Isfahan, targeting hostile Israeli aircraft.
Iranian forces reported that Israeli airstrikes killed nine personnel — seven Revolutionary Guards and two conscripts — in Yazd province.
Iranian Messaging
Iran is weighing its response — with its Foreign Minister saying “all options” are on the table after Washington proved “they only understand the language of threat and force”, according to CNN.
Supreme Leader Khamenei warned that US strikes would “result in irreparable damage” to the US.
Iran’s President Pezeshkian warned of a “more devastating” retaliation if Israel’s bombing campaign continued.
Iranian regime sources denied any major nuclear material loss from the strikes, implying the sites had been pre-emptively evacuated.
Iran’s Crisis Management HQ stated there was “no danger” to civilians near Fordow; state media reported the site had “long been evacuated.”
An adviser to Khamenei claimed Iran still retains its enriched uranium, indigenous nuclear knowledge, and political will, despite facility damage.
Iran’s Foreign Minister condemned the strikes as a violation of international law and the Nuclear Non-Proliferation Treaty.
The Iranian Atomic Energy Organisation called the attacks “a barbaric act” breaching international law.
International Reactions
The UN Security Council held an emergency meeting at 20:00 BST on Sunday in response to the strikes. US Ambassador Dorothy Shea defended the operation; China, Russia, and Pakistan called for an immediate ceasefire and accused the US of breaching the UN Charter.
The UN and EU called for de-escalation, with Secretary-General António Guterres warning of a “dangerous escalation.”
The E3 (UK, France, Germany) released a joint statement urging Iran to return to nuclear negotiations and warning against further destabilising actions.
Gulf Arab states including Qatar, Saudi Arabia, and Kuwait condemned the US strikes, calling for restraint and diplomatic resolution.
UK PM Keir Starmer backed the US strike, describing it as a response to a “grave threat.”
Israeli PM Netanyahu praised the US action, calling it a display of “awesome and righteous might” that could “change history.”
Saudi Arabia, Oman, and India expressed concern and urged all sides to pursue diplomatic solutions.
US Political & Legal Fallout
Congressional response to the strikes was mixed. Most Republicans expressed support, with Senator Ted Cruz praising the operation. However, some dissent emerged within the party, notably from Representative Marjorie Taylor Greene, who stated, “Not our fight.” Democrats strongly criticised the move; Senator Bernie Sanders labelled it “grossly unconstitutional” and accused President Trump of bypassing Congress.
US Department of Justice said President Trump had the authority under Article II to order Iran strikes without congressional approval, but a prolonged conflict might require Congress’s involvement, according to CNN.
US President Trump to meet with National Security team at 13:00 EDT/18:00 BST on Monday, according to Bloomberg.
Trump on Truth Social
US President Trump posted on Sunday “The damage to the Nuclear sites in Iran is said to be “monumental.” The hits were hard and accurate. Great skill was shown by our military. ” Trump added that “if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change”, and that “The GREAT B-2 pilots have just landed, safely, in Missouri.”
President Trump later posted “Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!… The biggest damage took place far below ground level. Bullseye!!!”
US Homeland Security & Domestic Threats
The US is on high alert for Iranian-backed terrorist attacks, especially in the 48 hours following the strike. FBI, DHS, and local law enforcement have increased security presence at places of worship in major cities including New York and Washington, DC.
DHS warned of a heightened domestic threat environment, including potential for cyberattacks or lone-wolf incidents inspired by religious rulings.
The White House is monitoring potential Iranian sleeper cells inside the US.
VP Vance stated the administration is watching known terror watch list individuals who entered during the Biden era.
Regional Axis Responses/Headlines
Iranian Foreign Minister Araghchi arrived in Moscow to consult with President Putin. Russia condemned the US strikes as a “flagrant violation of international law.”
Iran’s Foreign Minister Araqchi said he would discuss tackling common challenges and threats with Russian President Putin, according to Iranian news agency SNN.
Hezbollah condemned the US strikes, calling them a violation of international and humanitarian law and warned the conflict could spiral globally.
A Yemeni Houthi official warned retaliation for the US attack was “only a matter of time.”
US Event Calendar
9:45 am: Jun P S&P Global U.S. Manufacturing PMI, est. 51, prior 52
9:45 am: Jun P S&P Global U.S. Services PMI, est. 52.9, prior 53.7
9:45 am: Jun P S&P Global U.S. Composite PMI, est. 52.1, prior 53
10:00 am: May Existing Home Sales, est. 3.95m, prior 4m
10:00 am: May Existing Home Sales MoM, est. -1.25%, prior
DB’s Jim Reid concludes the overnight wrap
“Within the next two weeks” became within two days as the US launched air strikes on Iran nuclear sites over the weekend. As we write this morning Brent crude is trading +1.92% higher at $78.49/bbl, having been as high as $81.40 at the Asia open, the USD is +0.32%, and S&P (-0.30%) and Nasdaq (-0.39%) futures are modestly lower. 10yr USTs are +1.6bps with the inflationary impact of higher oil outweighing safe haven demand for now. So overall a pretty muted response from markets so far.
In terms of what this all means for markets going forward, its really all about whether the Iranian regime weaponises oil, and in particular whether they seek to close the Strait of Hormuz where over 20% of the world’s oil flows daily. Last Monday we highlighted DB Michael Hsueh’s work (link here) calculating that such a closure could see a spike up in Oil to around $120/bbl. For what it’s worth, Polymarket puts the odds of closure before July at 32% at the moment, up from around 10% on Friday but well below the 52% yesterday afternoon London time. Having been around $68/bbl before concerns over potential Israel’s strikes against Iran emerged, around a third probability puts oil at around $85/bbl. So perhaps financial markets are pricing in a lower probability of a closure. All very back of the envelope of course.
In terms of the economic impact, the US has turned into a net energy exporter in the last few years so any negative impact would be through deteriorating financial conditions or through higher for longer rates as the Fed have another reason to delay cuts. For Europe though, the impact is potentially more serious. Every $10/bbl increase in oil has the potential to add a quarter of a percent to HICP within a quarter and if sustained 0.4pp within a year. Growth could be lowered by around 0.25pp if such an increase was sustained. See our European economists’ chart of the week here from Friday looking at which countries would be most exposed.
Aside from closing the Strait of Hormuz, Iran could target other energy infrastructure in the Middle East or strike US assets, which could then lead to further escalation, including if Israel or US were to target Iran’s oil export facilities. So far Iranian comments have been ambiguous on the nature of any retaliation, with Iran’s President saying the US “must receive response for their aggression” and its UN envoy speaking of a “proportionate response”. US officials yesterday mostly sought to portray the strikes as one-off aimed at ending Iran’s nuclear progamme, with Secretary of State Rubio saying that the US was ready to meet with Iran. However, last night Trump alluded to the possibility of regime change, posting: “It’s not politically correct to use the term, “Regime Change,” but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change???”
Rounding out Asian markets, the Nikkei (-0.14%) has recovered from nearly a percent down near the open, helped by stronger-than-expected manufacturing PMI data (details below). The S&P/ASX 200 (-0.49%) is also declining, despite slightly positive PMI data for June. The KOSPI (-0.52%) is also a bit lower along with the Hang Seng (-0.17%). The Shanghai Composite (+0.15%) is bucking the regional trend.
The Japanese au Jibun manufacturing PMI increased to 50.4 in the first three weeks of June, on track to record its first positive month since May 2024, and showing a significant rise from the 49.4 recorded in May. The au Jibun services PMI rose to 51.5 in June from 51.0 in the previous month, and the composite PMI improved from 50.2 to 51.4, marking the highest reading since February.
The Australian S&P Global PMI composite increased from 50.5 to 51.2. The PMI Services rose from 50.6 to 51.3, while PMI manufacturing remained stable at 51.0.
There’s a lot going on this week but the latest developments in the Israel-Iran conflict will clearly dominate, especially now the US is involved. However against this backdrop, the NATO summit will be held in The Hague tomorrow and Wednesday. It seems all members will agree to a 5% of GDP defence spending plan apart from Spain who will get an exemption. The latest draft appears to be delaying the full spending spree until 2035 rather than the initial 2032 that Secretary General Rutte was aiming towards. Note 3.5% would be core military spending, and 1.5% would be defence related areas such as infrastructure and cybersecurity.
Elsewhere Fed’s Chair Powell’s semi-annual testimonies to Congress on Tuesday and Wednesday are usually key events but note that this comes shortly after last week’s FOMC so maybe they’ll be less additive information this time. There is also lots of Fedspeak this week that will be in the day-by-day calendar but Waller speaking again today will be of note given his dovish speech on Friday where he all but confirmed that he was one of the two members who have three cuts this year in the dots. He didn’t rule out a July cut and markets are trying to handicap what it would mean if he became the next Fed chair.
Staying in the US, the Senate will continue its mark-up of the “One Big Beautiful Bill Act” (OBBBA) with potential for a vote by the end of the week. However, several substantial policy debates remain – namely, Medicaid, SALT cap reform and repeal of clean energy tax credits. Though many details remain in flux, from what our economists know at present, their expectations for 6.5 – 7.0% deficits as a share of GDP over the next three years has remained largely unchanged (see “US Economic Perspectives: US outlook: Easy come, easy go, little high, little low“).
Outside of the big NATO meeting, China will hold its NPC Standing Committee meeting from tomorrow through to Friday. There will also be an EU-Canada summit today, with Canada’s Prime Minister Carney attending. Finally, EU leaders will hold a summit in Brussels on Thursday/Friday.
In terms of the other highlights we have preliminary June PMIs, US existing home sales and Lagarde speaking today; US consumer confidence, the German Ifo and Canadian CPI tomorrow; US new home sales, Japanese PPI, Australia CPI and a 5yr UST auction on Wednesday; final US Q1 GDP, US durable goods, the Chicago Fed, the US trade balance, jobless claims, and a 7 yr UST auction on Thursday; and core US PCE, US personal spending/income, Chinese Industrial profits, Tokyo CPI, and French and Spanish CPI. There are more in the calendar at the end but of these the core US PCE is the most interesting.
Recapping last week now and the main story was the Israel-Iran conflict and the lingering threat of US strikes. This meant that Brent crude saw a weekly rise of +3.75% to $77.01/bbl, though it did ease (-2.33% Friday) after hitting a four-month high of $79.04/bbl at its intraday peak on Thursday. The dollar index (+0.53%) rose last week, as geopolitical volatility in the Middle East unlocked the dollar’s safe haven role. Gold actually struggled, sinking -1.86% over the week (-0.07% on Friday) to $3,368/oz, but our commodities analyst suggests that based on historical experience, gold will likely be able to rebuild some of its risk premium before the conflict is resolved.
With the constant newsflow around whether Trump would strike Iran, markets fluctuated over the course of the week with the S&P 500 ultimately closing marginally in the red (-0.15%, -0.22% on Friday), while the NASDAQ (+0.21%, -0.51% on Friday) posted a narrow gain. Friday’s underperformance in tech stocks came amid news that the US may potentially revoke waivers for allies with semiconductor plants in China, with the Mag 7 falling -0.98% (-0.38% on the week). European markets struggled more amid the backdrop of higher oil prices, with STOXX 600 (-1.54%, +0.13% Friday), CAC 40 (-1.24%, +0.48% on Friday) and DAX (-0.70%, +1.27% Friday) all lower on the week despite a partial recovery on Friday as prospects for imminent US strikes against Iran declined.
Also, notable last week was the flurry of central bank decisions, with the Fed and BOE holding, whilst the Riksbank, Norges Bank and Swiss Bank each cut. In European sovereign bonds, yields on 10Y Bunds (-2.2bps), Gilts (-1.5bps) and OATs (-1.1bps) moved lower over the week.
The Fed press conference last Wednesday saw Chair Powell highlight the risks that the impact of tariffs on inflation could be more persistent, and that the Fed was “well positioned to wait to learn more.” That left investors with a sense that the Fed was in no hurry to rush rate cuts over the summer, with 20bps of cuts now priced in by the September meeting and 51bps by December. The 10yr Treasury yield ended the week -2.3bps lower at 4.38% (-1.5bps), with the modest rally supported by a flight to safe haven assets. Waller’s dovish remarks on Friday also helped a little.
2B European opening report
Crude pares initial gap higher & USD firmer after US strikes, focus on potential Iranian retaliation – Newsquawk US Market Open
Monday, Jun 23, 2025 – 05:57 AM
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iranʼs nuclear facilities at Fordow, Natanz, and Isfahan.
US President Trump warned that “many targets remain,” emphasising that the US had no desire for regime change but threatened larger future strikes if Iran failed to engage diplomatically.
The Iranian parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the countryʼs nuclear facilities. Iranʼs security body will make the final decision on whether to proceed with the plan, state television reported. Iranian Foreign Minister said “all options” are on the table.
European bourses opened lower in reaction to US-Iran but some managed to climb into the green as the session progressed; US equities are modestly firmer.
DXY benefits from the US attack on Iran and currently trades near session highs, JPY the clear G10 laggard.
Brief upside in fixed income gives way to energy-induced inflation concern, bearish bias added to by the improving equity tone.
Brent gapped higher by 5% at the open in reaction to US strikes on Iran, but has since entirely pared that move.
Looking ahead, US Flash PMIs, ECB President Lagarde; Fed’s Goolsbee, Kugler, Supply from EU, and Trump’s National Security meeting.
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ISRAEL-IRAN
Note, this is a top-line summary given the extensive amount of newsflow, please see the below geopolitics section for a full breakdown
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. The operation used 125 aircraft, including seven B-2 bombers, alongside submarine-launched Tomahawk cruise missiles. Fourteen GBU-57 Massive Ordnance Penetrators (“bunker busters”) were deployed to penetrate deeply buried targets, notably Fordow.
Satellite imagery shows significant damage at all facilities. Trump described it as a joint effort with Israel.
IAEA say the damage assessment is pending; no signs of radiation leak.
In retaliation, Iran’s parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the country’s nuclear facilities. Iran’s security body will make the final decision on whether to proceed with the plan, state television reported.
Iran retaliated by missile strikes on Israel. Has said future action could target over 20 US bases or naval assets. Iran’s Military Central Command says powerful operations with heavy consequences for the US are to be expected. US entering the conflict expands the list of legitimate targets for Iran.
The European morning has seen a slew of geopolitical updates (see section below). Some additional USD strength on: an Iranian provincial official says Israel is targeting the Fordow nuclear facility, via Tasnim. Israel struck Fordow’s access road, to prevent certain elements from approaching the area, according to Journalist Stein.
TRADE/TARIFFS
Japan scrapped a planned US meeting after Washington demanded higher defence spending, according to FT sources on Friday. US Secretary of State Rubio and Defence Secretary Hegseth had been scheduled to meet Japan’s Defence Minister Nakatani and Foreign Minister Iwaya in Washington on 1 July. Tokyo cancelled the meeting after the US requested Japan raise its defence spending target to 3.5%, up from an earlier request of 3%.
US President Trump said on Friday that it looks like the US would make trade deals with India and Pakistan, according to Reuters.
Japanese, South Korean, New Zealand, and Australian leaders will meet US President Trump at NATO, according to Nikkei.
IMF Managing Director Georgieva said global growth was forecast to slow down but no recession yet; IMF forecasts to be released in July, according to Bloomberg TV.
Japanese PM Ishiba is reportedly planning to skip NATO attendance, according to Kyodo.
EUROPEAN TRADE
EQUITIES
European bourses (STOXX 600 +0.1%) opened lower across the board, as traders react to the surprise US attack on Iran. Although, it is worth noting that stocks have traded with an upward bias throughout the morning, with a handful of indices managing to climb into the positive territory.
European sectors hold a negative bias, with only a handful of industries managing to hold afloat. Construction & Materials tops the pile, joined closely by Tech and then Energy; the latter of course buoyed by the upside in oil prices, sparked by the latest geopolitical flare ups.
US equity futures (ES +0.2%, NQ +0.2%) are primarily modestly firmer, with sentiment seemingly faring a little better vs European peers despite the surprise US attack on Iran; PMIs and Fed speak ahead.
DeepSeek said to have used shell companies in southeast Asia to evade US export controls, via a US official cited by Reuters.
DXY is on a firmer footing this morning, with the Greenback receiving haven inflows following the latest surprise US attack on Iran. On that, the US launched “Operation Midnight Hammer,” striking Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. Following the attack, US President Trump called the impact an “obliteration”, adding that the strike would be a one-time action, with Washington still seeking diplomacy. Iran’s Parliament has endorsed closing the Strait of Hormuz, but still awaits approval. Renewed Dollar strength on reports that Iran is targeting Fordow nuclear facility, taking the index to fresh highs of 99.42.
EUR is modestly lower vs the Dollar today, and currently trades in a 1.1454-1.1521 range; the low for today is in close proximity to its 21 DMA at 1.14428. It is worth noting that whilst the losses in the European morning are fairly modest in nature, the Single-Currency was one of the worst performers as markets reopened. This is likely in part due to the bloc’s heavy reliance on oil through the Strait of Hormuz, and therefore the potential inflationary impacts. Geopolitics aside, the EUR has had a number of EZ PMI figures to digest; the EZ-wide figure itself was mixed and had little impact on price action.
JPY benefited from the geopolitical risk premium at the reopen, but this soon reversed thanks to the stronger Dollar and amid the latest geopolitical implications on higher oil prices. As it stands, the JPY is the clear G10 underperformer. The currency was little moved by the region’s PMI report, which showed an improvement across all components, with the Manufacturing climbing into expansionary territory. USD/JPY has surged past its 100 DMA (146.80) to currently trade towards its session high at 147.95.
GBP is faring better vs peers but still lower vs the Dollar. Currently trades in a 1.3371-1.3448 range; the trough for today resides a little below its 50 DMA at 1.3402. UK PMIs only notable release for the day; Services printed in-line whilst the Manufacturing metric topped the most optimistic of analyst expectations. There was some modest two-way action in Cable, but it ultimately resided within the day’s range.
Antipodeans were swept away by the broader risk-off sentiment, following the surprise US attack on Iranian nuclear facilities. As sentiment seemingly improves across the equities complex, no real follow-through to the Aussie or Kiwi, where they still reside towards the foot of the G10 pile.
PBoC set USD/CNY mid-point at 7.1710 vs exp. 7.1914 (prev. 7.1695)
Indonesian central bank said it is to continue intervening in offshore onshore NDF spot FX markets to ensure the rupiah reflects fundamentals, according to an official.
USTs began the week with gains, gapping higher from Friday’s 110-31+ close by a handful of ticks and then extended slightly further to a 111-04 peak, a tick higher than Friday’s best. Upside a function of the benchmarks trading as a haven, given the significant geopolitical escalation of Trump striking Iranian nuclear sites; details on the feed/see Commodities. However, the upside proved limited as while Iran has spoken about extensive retaliation they are yet to do anything particularly significant. The nation continues to strike Israel with missiles, and while Iran’s parliament has approved closing the Strait of Hormuz, the security body is yet to order it. Furthermore, no reported action against US-specific assets, though Iran says all options are on the table. Geopols aside, the docket today is busy with several Fed speakers due and Flash PMIs for June; the latter expected to fall slightly from the prior.
Bunds follow the above. Got as high as 130.92 overnight, stopping shy of the figure and by extension Friday’s 131.33 best. The limited move and subsequent modest pressure appear, primarily, to be a function of the inflationary implications of higher energy prices. Focus has been on PMIs; the French figures came in softer than expected across the board, sparking modest upside. Thereafter, Germany’s figures printed firmer than forecast and weighed slightly on EGBs. Finally, the EZ figure was softer than forecast, but with no real follow-through seen. More recently Bunds have moved back towards those overnight highs, to make an incremental fresh high at 130.93.
Gilts, as above, lifted after opening but has been drifting since in-fitting with peers. Went as low as 92.25, moved lower on the German Flash PMIs, but is now holding basically at the unchanged mark, just below the 92.70 peak. Geopolitics and the inflationary implications of the energy move aside, focus on PMIs. The UK Flash figures came in mixed, with Manufacturing and Composite better than forecast, though the Services figure was as expected. No real move to the data.
Brent gapped higher by around 5.5% as markets reopened, in an initial reaction the US’ attack on Iranian nuclear facilties. Though gains have since almost entirely pared, with the complex now essentially flat. The reveral could be attributed to; 1) flows via the Strait of Hormuz are yet to be impacted and companies including Hapag-Lloyd and Maersk continue to sail through the Strait, 2) An element of profit taking and TPs hit ahead of the potential Iranian response, 3) Market contacts have suggested OPEC+ have not had any calls, with no talks of an emergency meeting yet amid no current signs of supply disruptions. Brent Aug’25 currently trades around USD 77.20/bbl.
Spot gold is lower, reversing opening gains in tandem with crude. Downside which comes alongside the firmer Dollar and broader improvement in market sentiment. The haven has gradually waned since the open, reaching highs of USD 3380/oz, and at the time of writing, testing the USD 3,360/oz mark, now looking to its 21 DMA just ten dollars below.
Copper is marginally in the red, initially dented by the threat of oil supply risks (China the largest buyer of Iranian oil), but given the crude reversal, the red metal is faring better. The aforementioned USD, benefitting from haven flows, is also weighing on the industrial metal. Currently towards the lower end of a quiet USD 9,608-9,679/t range.
EU HCOB Composite Flash PMI (Jun) 50.2 vs. Exp. 50.5 (Prev. 50.2); Services Flash PMI (Jun) 50.0 vs. Exp. 50.0 (Prev. 49.7); Manufacturing Flash PMI (Jun) 49.4 vs. Exp. 49.7 (Prev. 49.4)
French HCOB Services Flash PMI (Jun) 48.7 vs Exp. 49.2 (Prev. 48.9); Manufacturing Flash PMI (Jun) 47.8 vs Exp. 50.0 (Prev. 49.8); Composite Flash PMI (Jun) 48.5 vs Exp. 49.3 (Prev. 49.3)
German HCOB Manufacturing Flash PMI (Jun) 49.0 vs. Exp. 48.7 (Prev. 48.3); Services Flash PMI (Jun) 49.4 vs. Exp. 47.5 (Prev. 47.1); Composite Flash PMI (Jun) 50.4 vs. Exp. 49.0 (Prev. 48.5)
UK Flash Services PMI (Jun) 51.3 vs. Exp. 51.5 (Prev. 50.9); Manufacturing PMI (Jun) 47.7 vs Exp. 46.6 (Prev. 46.4); Composite PMI (Jun) 50.7 vs. Exp. 50.5 (Prev. 50.3)
NOTABLE US HEADLINES
Fed’s Barkin (2027 voter) on Friday said he sees no rush to cut interest rates and is not ready to dismiss the inflation risk from tariffs. He stated that a spike in inflation could not be ignored if it occurred, noting that price indices remained above target. He added that there was nothing urgent in the data warranting a rate cut at this point, with the job market and consumption holding up. Barkin said firms expected to raise prices later in the year as more expensive imported goods worked into inventories. Even firms not directly impacted by tariffs see confusion over trade policy as an opportunity to raise prices for other reasons. He acknowledged having no conviction on where trade policy would ultimately settle or how it would affect prices and jobs. He added that firms remain in a wait-and-see mode on capital spending and hiring plans, according to Reuters.
Fed’s Daly (2027 voter) on Friday said things were balanced and suggested looking more to the fall, rather than July, for a possible rate cut, in a CNBC interview. She stated that the economy and policy are currently in a good place, and concerns about tariffs on inflation were not as large as when they were first announced. Daly noted it was great news that inflation continued to decline. She said that without tariffs, the Fed would be considering rate normalisation, but they needed to continue monitoring policies going forward. There were many possibilities regarding how much of the tariffs would pass through to consumers. Daly said the fundamentals of the economy were moving to a point where an interest rate cut might become necessary. It was possible, she added, that they could get a meaningful impact on inflation—or that tariffs might not impact inflation as much as feared. She mentioned CEOs had shown cautious optimism on tariffs. Unless the labour market falters, she reiterated, the fall looked more appropriate for a rate cut. She concluded that there was a lot to be said for the view that tariffs would have a one-time effect on inflation, but it was too early to make that call now.
CRYPTO
Bitcoin is a little lower and trades around USD 101.5k after dipping below the USD 100k overnight in reaction to the latest geopolitical flare ups.
APAC TRADE
APAC stocks traded lower with sentiment hit after weekend developments which saw the US carry out missile strikes against Iranian nuclear facilities in a surprise move.
ASX 200 declined 0.8% in tandem with broader sentiment, with participants overlooking the improvement in Flash PMIs.
Nikkei 225 fell 0.5%, though losses were somewhat cushioned by a weaker JPY on account of the stronger USD, with regional Flash PMIs largely shrugged off.
Hang Seng and Shanghai Comp conformed to broader regional losses, with the focus largely on geopolitics. Chinese sentiment was further hampered by Friday’s WSJ report that the US is reportedly preparing action targeting allies’ chip plants in China.
Iran’s Military Central Command says powerful operations with heavy consequences for the US are to be expected. US entering the conflict expands the list of legitimate targets for Iran.
Iran’s Army Chief says they are now free to take action against US interests, via IRNA.
Iranian city Karaj has been targeted by Israeli missiles, according to Fars; reports of large explosions being heard in Tehran.
Russian Kremlin says President Putin will receive the Iranian Foreign Minister later today. Communication channels remain open with the US, a call between US President Trump and Putin can be “quickly organised if required”; no current plans for a call. Iran can share its proposals later today.
ISRAEL-IRAN: WEEKEND/APAC
US Strike Operations
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. The operation used 125 aircraft, including seven B-2 bombers, alongside submarine-launched Tomahawk cruise missiles.
Fourteen GBU-57 Massive Ordnance Penetrators (“bunker busters”) were deployed to penetrate deeply buried targets, notably Fordow.
Satellite imagery confirmed significant infrastructure damage at all three nuclear sites, with Fordow showing six fresh craters.
All targets were reportedly struck between 23:40 BST (Saturday) and 00:05 BST (Sunday). Iran’s air defence systems failed to detect or intercept the incoming attacks.
Trump described the attack as a joint effort with Israel, saying they “worked as a team like perhaps no team has ever worked before.”
Axios quoted officials as saying that Whitkov told Araqchi during the operation that “the strike is only once.” He confirmed that Washington was still seeking a diplomatic solution and wanted Tehran to return to negotiations.
US President Trump did not want to continue striking Iran, but he would do so if US bases were targeted, according to Sky News Arabia citing Axios.
US President Trump reportedly directed staff to announce a two-week window in order to conceal plans for the Iran attack, according to CNN sources.
Damage Assessment & Nuclear Risk
IAEA Director General Grossi said craters are visible at Fordow, Natanz suffered direct hits, and tunnel entrances at Isfahan were struck. Full underground damage assessment remains pending. A special IAEA board meeting is scheduled for Monday.
Chairman of the Joint Chiefs Gen. Dan Caine stated it is “too early” to assess whether Iran’s nuclear capability was fully neutralised.
US intelligence officials have raised concerns Iran may have relocated enriched uranium stockpiles in advance.
US Secretary of State Rubio urged Iran to surrender its enriched uranium stockpiles, claiming they remain buried under Isfahan and likely were not moved before the strikes.
The IAEA reported no signs of a radiation leak. Saudi Arabia’s Nuclear and Radiological Regulatory Authority confirmed no radioactive effects were detected in Gulf states.
Strait of Hormuz & Oil Flow Threat
The Iranian parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the country’s nuclear facilities. Iran’s security body will make the final decision on whether to proceed with the plan, state television reported.
US Secretary of State Rubio warned such a move would be “economic suicide” for Iran but remains a credible escalation vector.
NOTE: Market contacts have suggested OPEC+ have not had any calls, with no talks of an emergency meeting yet amid no signs of supply disruptions, yet.
Iranian Military Response
Iran launched retaliatory missile strikes on Tel Aviv and Haifa, Israel, resulting in at least 86 reported injuries.
Iranian officials have warned that future actions could target over 20 US bases or naval assets in the region.
Iran stated that its military would determine the timing, nature, and scale of its response, according to Reuters.
Signs have emerged of Iran‑backed militias preparing to attack US bases in Iraq and Syria, according to Sky News Arabia citing The New York Times.
Iranian air defences reportedly activated in Isfahan, targeting hostile Israeli aircraft.
Iranian forces reported that Israeli airstrikes killed nine personnel — seven Revolutionary Guards and two conscripts — in Yazd province.
Iranian Messaging
Iran is weighing its response — with its Foreign Minister saying “all options” are on the table after Washington proved “they only understand the language of threat and force”, according to CNN.
Supreme Leader Khamenei warned that US strikes would “result in irreparable damage” to the US.
Iran’s President Pezeshkian warned of a “more devastating” retaliation if Israel’s bombing campaign continued.
Iranian regime sources denied any major nuclear material loss from the strikes, implying the sites had been pre-emptively evacuated.
Iran’s Crisis Management HQ stated there was “no danger” to civilians near Fordow; state media reported the site had “long been evacuated.”
An adviser to Khamenei claimed Iran still retains its enriched uranium, indigenous nuclear knowledge, and political will, despite facility damage.
Iran’s Foreign Minister condemned the strikes as a violation of international law and the Nuclear Non-Proliferation Treaty.
The Iranian Atomic Energy Organisation called the attacks “a barbaric act” breaching international law.
International Reactions
The UN Security Council held an emergency meeting at 20:00 BST on Sunday in response to the strikes. US Ambassador Dorothy Shea defended the operation; China, Russia, and Pakistan called for an immediate ceasefire and accused the US of breaching the UN Charter.
The UN and EU called for de-escalation, with Secretary-General António Guterres warning of a “dangerous escalation.”
The E3 (UK, France, Germany) released a joint statement urging Iran to return to nuclear negotiations and warning against further destabilising actions.
Gulf Arab states including Qatar, Saudi Arabia, and Kuwait condemned the US strikes, calling for restraint and diplomatic resolution.
UK PM Keir Starmer backed the US strike, describing it as a response to a “grave threat.”
Israeli PM Netanyahu praised the US action, calling it a display of “awesome and righteous might” that could “change history.”
Saudi Arabia, Oman, and India expressed concern and urged all sides to pursue diplomatic solutions.
US Political & Legal Fallout
Congressional response to the strikes was mixed. Most Republicans expressed support, with Senator Ted Cruz praising the operation. However, some dissent emerged within the party, notably from Representative Marjorie Taylor Greene, who stated, “Not our fight.” Democrats strongly criticised the move; Senator Bernie Sanders labelled it “grossly unconstitutional” and accused President Trump of bypassing Congress.
US Department of Justice said President Trump had the authority under Article II to order Iran strikes without congressional approval, but a prolonged conflict might require Congress’s involvement, according to CNN.
US President Trump to meet with National Security team at 13:00 EDT/18:00 BST on Monday, according to Bloomberg.
Trump on Truth Social
US President Trump posted on Sunday “The damage to the Nuclear sites in Iran is said to be “monumental.” The hits were hard and accurate. Great skill was shown by our military. ” Trump added that “if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change”, and that “The GREAT B-2 pilots have just landed, safely, in Missouri.”
President Trump later posted “Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!… The biggest damage took place far below ground level. Bullseye!!!”
US Homeland Security & Domestic Threats
The US is on high alert for Iranian-backed terrorist attacks, especially in the 48 hours following the strike. FBI, DHS, and local law enforcement have increased security presence at places of worship in major cities including New York and Washington, DC.
DHS warned of a heightened domestic threat environment, including potential for cyberattacks or lone-wolf incidents inspired by religious rulings.
The White House is monitoring potential Iranian sleeper cells inside the US.
VP Vance stated the administration is watching known terror watch list individuals who entered during the Biden era.
Regional Axis Responses/Headlines
Iranian Foreign Minister Araghchi arrived in Moscow to consult with President Putin. Russia condemned the US strikes as a “flagrant violation of international law.”
Iran’s Foreign Minister Araqchi said he would discuss tackling common challenges and threats with Russian President Putin, according to Iranian news agency SNN.
Hezbollah condemned the US strikes, calling them a violation of international and humanitarian law and warned the conflict could spiral globally.
A Yemeni Houthi official warned retaliation for the US attack was “only a matter of time.”
2c Asian opening report
US strikes Iran’s nuclear sites; now awaiting Iranian response – Hormuz in focus – Newsquawk Europe Market Open
Monday, Jun 23, 2025 – 01:25 AM
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iranʼs nuclear facilities at Fordow, Natanz, and Isfahan.
US President Trump warned that “many targets remain,” emphasising that the US had no desire for regime change but threatened larger future strikes if Iran failed to engage diplomatically.
The Iranian parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the countryʼs nuclear facilities. Iranʼs security body will make the final decision on whether to proceed with the plan, state television reported.
Iran is weighing its response, with its Foreign Minister saying “all options” are on the table after Washington proved “they only understand the language of threat and force”, according to CNN.
US President Trump to meet with National Security team at 13:00 EDT/18:00 BST on Monday, according to Bloomberg. Separately, a special IAEA board meeting is also scheduled for Monday.
Initial market reaction saw crude higher, havens bid and equity futures softer; however, the move has since largely dissipated, potentially on hopes the strike is a “one and done” situation.
Looking ahead, highlights include French, German, EZ, UK, US Flash PMIs, ECB President Lagarde; Fed’s Goolsbee, Kugler, Supply from EU, Trump’s National Security meeting.
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US TRADE
EQUITIES
US stocks saw choppy trade amid quad-witching as participants returned from the Juneteenth market holiday, but ultimately closed lower on Friday amid fluid geopolitics alongside two notable trade updates: 1) WSJ reporting US prepares action targeting allies’ chip plants in China, 2) Japan scraps US meeting after Washington demands more defence spending, via FT.
Sectors saw mixed performance, with Energy, Staples, and Utilities gaining, while Communications and Materials saw losses.
SPX -0.22% at 5,968, NDX -0.43% at 21,626, DJI +0.08% at 42,207, RUT -0.17% at 2,109
US President Trump confirmed the launch of “Operation Midnight Hammer”, which involved targeted strikes on Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. The operation used 125 aircraft, including seven B-2 bombers, alongside submarine-launched Tomahawk cruise missiles.
Fourteen GBU-57 Massive Ordnance Penetrators (“bunker busters”) were deployed to penetrate deeply buried targets, notably Fordow.
Satellite imagery confirmed significant infrastructure damage at all three nuclear sites, with Fordow showing six fresh craters.
All targets were reportedly struck between 23:40 BST (Saturday) and 00:05 BST (Sunday). Iran’s air defence systems failed to detect or intercept the incoming attacks.
Trump described the attack as a joint effort with Israel, saying they “worked as a team like perhaps no team has ever worked before.”
Axios quoted officials as saying that Whitkov told Araqchi during the operation that “the strike is only once.” He confirmed that Washington was still seeking a diplomatic solution and wanted Tehran to return to negotiations.
US President Trump did not want to continue striking Iran, but he would do so if US bases were targeted, according to Sky News Arabia citing Axios.
US President Trump reportedly directed staff to announce a two-week window in order to conceal plans for the Iran attack, according to CNN sources.
Damage Assessment & Nuclear Risk
IAEA Director General Grossi said craters are visible at Fordow, Natanz suffered direct hits, and tunnel entrances at Isfahan were struck. Full underground damage assessment remains pending. A special IAEA board meeting is scheduled for Monday.
Chairman of the Joint Chiefs Gen. Dan Caine stated it is “too early” to assess whether Iran’s nuclear capability was fully neutralised.
US intelligence officials have raised concerns Iran may have relocated enriched uranium stockpiles in advance.
US Secretary of State Rubio urged Iran to surrender its enriched uranium stockpiles, claiming they remain buried under Isfahan and likely were not moved before the strikes.
The IAEA reported no signs of a radiation leak. Saudi Arabia’s Nuclear and Radiological Regulatory Authority confirmed no radioactive effects were detected in Gulf states.
Strait of Hormuz & Oil Flow Threat
The Iranian parliament has approved the closure of the Strait of Hormuz after the US launched strikes against the country’s nuclear facilities. Iran’s security body will make the final decision on whether to proceed with the plan, state television reported.
US Secretary of State Rubio warned such a move would be “economic suicide” for Iran but remains a credible escalation vector.
NOTE: Market contacts have suggested OPEC+ have not had any calls, with no talks of an emergency meeting yet amid no signs of supply disruptions, yet.
Iranian Military Response
Iran launched retaliatory missile strikes on Tel Aviv and Haifa, Israel, resulting in at least 86 reported injuries.
Iranian officials have warned that future actions could target over 20 US bases or naval assets in the region.
Iran stated that its military would determine the timing, nature, and scale of its response, according to Reuters.
Signs have emerged of Iran‑backed militias preparing to attack US bases in Iraq and Syria, according to Sky News Arabia citing The New York Times.
Iranian air defences reportedly activated in Isfahan, targeting hostile Israeli aircraft.
Iranian forces reported that Israeli airstrikes killed nine personnel — seven Revolutionary Guards and two conscripts — in Yazd province.
Iranian Messaging
Iran is weighing its response — with its Foreign Minister saying “all options” are on the table after Washington proved “they only understand the language of threat and force”, according to CNN.
Supreme Leader Khamenei warned that US strikes would “result in irreparable damage” to the US.
Iran’s President Pezeshkian warned of a “more devastating” retaliation if Israel’s bombing campaign continued.
Iranian regime sources denied any major nuclear material loss from the strikes, implying the sites had been pre-emptively evacuated.
Iran’s Crisis Management HQ stated there was “no danger” to civilians near Fordow; state media reported the site had “long been evacuated.”
An adviser to Khamenei claimed Iran still retains its enriched uranium, indigenous nuclear knowledge, and political will, despite facility damage.
Iran’s Foreign Minister condemned the strikes as a violation of international law and the Nuclear Non-Proliferation Treaty.
The Iranian Atomic Energy Organisation called the attacks “a barbaric act” breaching international law.
International Reactions
The UN Security Council held an emergency meeting at 20:00 BST on Sunday in response to the strikes. US Ambassador Dorothy Shea defended the operation; China, Russia, and Pakistan called for an immediate ceasefire and accused the US of breaching the UN Charter.
The UN and EU called for de-escalation, with Secretary-General António Guterres warning of a “dangerous escalation.”
The E3 (UK, France, Germany) released a joint statement urging Iran to return to nuclear negotiations and warning against further destabilising actions.
Gulf Arab states including Qatar, Saudi Arabia, and Kuwait condemned the US strikes, calling for restraint and diplomatic resolution.
UK PM Keir Starmer backed the US strike, describing it as a response to a “grave threat.”
Israeli PM Netanyahu praised the US action, calling it a display of “awesome and righteous might” that could “change history.”
Saudi Arabia, Oman, and India expressed concern and urged all sides to pursue diplomatic solutions.
US Political & Legal Fallout
Congressional response to the strikes was mixed. Most Republicans expressed support, with Senator Ted Cruz praising the operation. However, some dissent emerged within the party, notably from Representative Marjorie Taylor Greene, who stated, “Not our fight.” Democrats strongly criticised the move; Senator Bernie Sanders labelled it “grossly unconstitutional” and accused President Trump of bypassing Congress.
US Department of Justice said President Trump had the authority under Article II to order Iran strikes without congressional approval, but a prolonged conflict might require Congress’s involvement, according to CNN.
US President Trump to meet with National Security team at 13:00 EDT/18:00 BST on Monday, according to Bloomberg.
Trump on Truth Social
US President Trump posted on Sunday “The damage to the Nuclear sites in Iran is said to be “monumental.” The hits were hard and accurate. Great skill was shown by our military. ” Trump added that “if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change”, and that “The GREAT B-2 pilots have just landed, safely, in Missouri.”
President Trump later posted “Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!… The biggest damage took place far below ground level. Bullseye!!!”
US Homeland Security & Domestic Threats
The US is on high alert for Iranian-backed terrorist attacks, especially in the 48 hours following the strike. FBI, DHS, and local law enforcement have increased security presence at places of worship in major cities including New York and Washington, DC.
DHS warned of a heightened domestic threat environment, including potential for cyberattacks or lone-wolf incidents inspired by religious rulings.
The White House is monitoring potential Iranian sleeper cells inside the US.
VP Vance stated the administration is watching known terror watch list individuals who entered during the Biden era.
Regional Axis Responses/Headlines
Iranian Foreign Minister Araghchi arrived in Moscow to consult with President Putin. Russia condemned the US strikes as a “flagrant violation of international law.”
Iran’s Foreign Minister Araqchi said he would discuss tackling common challenges and threats with Russian President Putin, according to Iranian news agency SNN.
Hezbollah condemned the US strikes, calling them a violation of international and humanitarian law and warned the conflict could spiral globally.
A Yemeni Houthi official warned retaliation for the US attack was “only a matter of time.”
TRADE/TARIFFS
Japan scrapped a planned US meeting after Washington demanded higher defence spending, according to FT sources on Friday. US Secretary of State Rubio and Defence Secretary Hegseth had been scheduled to meet Japan’s Defence Minister Nakatani and Foreign Minister Iwaya in Washington on 1 July. Tokyo cancelled the meeting after the US requested Japan raise its defence spending target to 3.5%, up from an earlier request of 3%.
US President Trump said on Friday that it looks like the US would make trade deals with India and Pakistan, according to Reuters.
Japanese, South Korean, New Zealand, and Australian leaders will meet US President Trump at NATO, according to Nikkei.
IMF Managing Director Georgieva said global growth was forecast to slow down but no recession yet; IMF forecasts to be released in July, according to Bloomberg TV.
Japanese PM Ishiba is reportedly planning to skip NATO attendance, according to Kyodo.
APAC TRADE
EQUITIES
APAC stocks traded lower with sentiment hit after weekend developments which saw the US carry out missile strikes against Iranian nuclear facilities in a surprise move.
ASX 200 declined 0.8% in tandem with broader sentiment, with participants overlooking the improvement in Flash PMIs.
Nikkei 225 fell 0.5%, though losses were somewhat cushioned by a weaker JPY on account of the stronger USD, with regional Flash PMIs largely shrugged off.
Hang Seng and Shanghai Comp conformed to broader regional losses, with the focus largely on geopolitics. Chinese sentiment was further hampered by Friday’s WSJ report that the US is reportedly preparing action targeting allies’ chip plants in China.
US equity futures were softer but off the worst levels seen at the resumption of trade, possibly on hopes that the US strike was a “one and done” situation. However, any attacks on US bases or assets in the region by Iran or proxies risk further deterioration in sentiment amid the likelihood of a US response to an Iranian retaliation. ES futures down 0.3%.
European equity futures were indicative of a softer cash open with the Euro Stoxx 50 future -0.5% after cash closed +0.7% on Friday.
FX
DXY saw firmer trade following the US’ surprise strike on Iran over the weekend, which took the index from Friday’s 98.77 close to a peak of 99.17 in APAC trade, with some strength seen around the Chinese open. The index was choppy throughout the latter half of the session on either side of 99.00
EUR/USD was dragged lower by the Dollar but came off worst levels, trading within a 1.1454–1.1507 range.
GBP/USD was similarly hit by the Buck, residing in a 1.3392–1.3441 range after briefly dipping under its 50DMA at 1.3400.
USD/JPY was supported by the Dollar, with the JPY failing to hold onto its geopolitical risk premium seen at the open. USD/JPY eventually testing 147.00 to the upside overnight (vs 145.88 low), with the 100DMA at 146.79 also breached.
Antipodeans were subdued by the risk tone, with the Aussie seeing no reaction to its overall improvement in Flash PMIs. AUD/USD and NZD/USD both fell 0.2%, with high-beta FX moving in lockstep with broader risk sentiment.
PBoC set USD/CNY mid-point at 7.1710 vs exp. 7.1914 (prev. 7.1695)
Indonesian central bank said it is to continue intervening in offshore onshore NDF spot FX markets to ensure the rupiah reflects fundamentals, according to an official.
FIXED INCOME
10yr UST futures were subdued possibly on inflation-related implications amid the rise in oil prices.
Bund futures were similarly pressured with eyes on EZ inflation as the Iranian-Israel conflict underpinned oil and gas prices.
10yr JGB futures were softer in tandem with peers, with JGBs also continuing to feel headwinds from the lack of trade progress with the US.
Australia sold AUD 1bln 1.75% 2032 AGB; b/c 3.35x (prev. 3.21x), Average yield 3.9441% (prev. 4.008%).
COMMODITIES
Crude futures were firmer but off best levels, with WTI gapping +6% before trimming gains, possibly on hopes that the US strike was a “one and done” situation. However, any attacks on US bases or assets in the region by Iran or proxies may further deteriorate risk amid the likelihood of a US response to an Iranian retaliation. Furthermore, some noted no current supply shifts from the weekend updates and no current known dialogue between OPEC.
Spot gold gave up earlier gains as the Dollar continued to rise, with the yellow metal finding resistance around USD 3,390/oz before finding support near USD 3,350/oz.
Copper futures were lower amid the broader risk tone and the rise in the Dollar.
Baker Hughes Rig Count: Oil -1 at 438, Natgas -2 at 111, Total -1 at 554.
Russian President Putin on Friday said OPEC+ is increasing oil output gradually. He noted that the situation in the Middle East had led to an increase in oil prices, but the rise was not significant. He added that there was no need for OPEC+ to intervene yet, according to Reuters.
The LME determined that it was appropriate, under current circumstances, to amend existing lending rules by introducing “front month lending rules”. It had been closely monitoring large positions across multiple contracts in recent months. The exchange stated that these changes to the lending rules were temporary and would be reviewed as appropriate by the special committee, according to Reuters.
CRYPTO
Bitcoin briefly dipped under USD 100k over the weekend following the US attack on Iran, but traded on a USD 101k handle throughout the APAC session.
NOTABLE ASIA-PAC HEADLINES
PBoC injected 220.5bln via 7-day reverse repos with the rate maintained at 1.40%.
Fed’s Barkin (2027 voter) on Friday said he sees no rush to cut interest rates and is not ready to dismiss the inflation risk from tariffs. He stated that a spike in inflation could not be ignored if it occurred, noting that price indices remained above target. He added that there was nothing urgent in the data warranting a rate cut at this point, with the job market and consumption holding up. Barkin said firms expected to raise prices later in the year as more expensive imported goods worked into inventories. Even firms not directly impacted by tariffs see confusion over trade policy as an opportunity to raise prices for other reasons. He acknowledged having no conviction on where trade policy would ultimately settle or how it would affect prices and jobs. He added that firms remain in a wait-and-see mode on capital spending and hiring plans, according to Reuters.
Fed’s Daly (2027 voter) on Friday said things were balanced and suggested looking more to the fall, rather than July, for a possible rate cut, in a CNBC interview. She stated that the economy and policy are currently in a good place, and concerns about tariffs on inflation were not as large as when they were first announced. Daly noted it was great news that inflation continued to decline. She said that without tariffs, the Fed would be considering rate normalisation, but they needed to continue monitoring policies going forward. There were many possibilities regarding how much of the tariffs would pass through to consumers. Daly said the fundamentals of the economy were moving to a point where an interest rate cut might become necessary. It was possible, she added, that they could get a meaningful impact on inflation—or that tariffs might not impact inflation as much as feared. She mentioned CEOs had shown cautious optimism on tariffs. Unless the labour market falters, she reiterated, the fall looked more appropriate for a rate cut. She concluded that there was a lot to be said for the view that tariffs would have a one-time effect on inflation, but it was too early to make that call now.
GEOPOLITICS
ISRAEL-IRAN – Friday Headlines
A top general said the IDF is prepared for a prolonged campaign, according to Bloomberg.
Iran’s Presidential Spokesman said Iran would not stop uranium enrichment for peaceful purposes, but that concessions were possible, according to CNN.
US President Trump presided over a national security meeting on Iran at the White House, according to Reuters citing a US official. US Envoy Witkoff was in regular contact with the Iranians and was also engaging with Qatar as an intermediary.
No progress had been made with the Iranians in the Geneva talks, according to Sky News Arabia citing Israel Hayom and a US diplomatic source.
In a statement following talks with Iran, the E3/EU foreign ministers expressed their view that all sides should refrain from taking steps that could lead to further escalation in the region. They reiterated longstanding concerns about Iran’s expansion of its nuclear programme, stating it had no credible civilian purpose, and urged the pursuit of a negotiated solution to ensure that Iran never obtained or acquired a nuclear weapon. The ministers expressed willingness to meet again in the future, shared their support for continued discussions, and welcomed ongoing US efforts to seek a negotiated solution, according to Reuters.
Iran’s Foreign Minister said Iran saw a serious and respectful discussion taking place on Friday with E3 and EU and was ready to consider diplomacy once again. He stated that Iran was prepared to return to diplomatic talks as soon as Israel stopped its attacks and that Iran would continue to exercise its legitimate right to self-defence. He added that Iran supported continued discussions with the E3 and the EU and was prepared to meet again in the near future. He reaffirmed that Iran’s nuclear programme was peaceful and monitored by the IAEA, and made it clear that Iran’s defence capabilities were not negotiable, according to Reuters.
WSJ’s Norman said the talks had clearly involved substantive discussions. The Europeans raised and discussed a range of issues and definitely tried to float ideas aimed at moving the nuclear talks forward. However, fundamentally, there was no progress. He added that a meeting between Iran’s Foreign Minister and US Envoy Witkoff appeared no closer. Iran gave no indication that it was more willing to consider zero enrichment than before. While all parties were aware of the timeline, no date had been set for a follow-up meeting between Europe and Iran.
RUSSIA-UKRAINE
US President Trump said on Friday Russia and Ukraine were making progress, according to Reuters.
OTHERS
The UK and its NATO allies agreed to increase spending on defence and related areas to 5% of GDP by 2035, according to two diplomatic sources cited by Sky News.
LATAM
Mexican President Sheinbaum said Pemex provider debt would normalise in July under a reform, according to Reforma.
The Colombian army said 57 soldiers were kidnapped in the country’s southwest, according to Reuters.
3 .ASIA
3A NORTH KOREA/SOUTH KOREA
3B JAPAN
3C CHINA
4.European affairs
GERMANY
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL IRAN/USA/FRI NIGHT
IDF fighter jets striking military infrastructure in southwestern Iran
Current time in Israel: June 21, 5:43 PM
IAEA says Israeli strikes on Isfahan damaged centrifuge workshop, IDF strikes in southwest Iran
Israel Air Force fighter jets were striking military infrastructure in southwestern Iran, the IDF said on Saturday.
Explosions were heard in the Khuzestan province in the area, “from Ahvaz to Mahshahr,” the state-affiliated Fars agency said.
Since the start of Israeli strikes on Iranian territory last Friday, the Air Force had destroyed some 200 surface-to-surface missile launchers across the Islamic Republic, as per IAF estimates.
TEHRAN, Iran — Several “powerful explosions” are heard in southwestern Iran’s Ahvaz, the daily Shargh reports, on the ninth day of hostilities between the Islamic Republic and Israel.
Ahvaz is the capital of Khuzestan province, which is situated on the Iraqi border and is Iran’s main oil-producing region. The military had previously announced it was striking “military infrastructure” in the southwest.
The IDF on Saturday shared footage and images of the destruction in Iran’s nuclear facilities in Isfahan, in central Iran, after Israeli strikes on Friday night.
According to the International Atomic Energy Agency (IAEA), a centrifuge manufacturing workshop was among the targets hit in the Isfahan facilities.
The UN nuclear watchdog further noted that there was no nuclear material present at the site at the time of the Israeli attacks, which will therefore have no radiological consequences.
Friday night marked the second confirmed IDF attack on the Isfahan site since a week prior, when it struck one of the largest uranium enrichment sites in Iran.
Images from the IDF show destroyed nuclear facilities in Isfahan, Iran, June 21, 2025 (credit: IDF SPOKESPERSON’S UNIT)
What’s hiding in Iran’s nuclear facilities in Isfahan?
The nuclear facility is located on the outskirts of Isfahan, Iran’s second largest city, and includes the Fuel Plate Fabrication Plant (FPFP) and the uranium conversion facility (UCF) that can process uranium into the uranium hexafluoride that is fed into centrifuges.
The head of IAEA, Rafael Grossi, on Thursday identified Isfahan as the location of a uranium enrichment plant that Iran said it would soon open in retaliation for a diplomatic push against it.
Israel kills IRGC commander tasked with funding, arming Hamas’s October 7 attacks in Iran
Mohammad Saeed Izadi was a major orchestrator of the October 7 massacre and one of the few individuals who knew about it in advance.
Saeed Izadi, head of the Palestine Corps in the IRGC Quds Force, in an undated photo. (Social media: used in accordance with Clause 27a of the Copyright Law
Illustration of the hideout where IRGC Palestine Corps commander Saeed Izadi was killed, June 21, 2025(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFFJUNE 21, 2025 08:29Updated: JUNE 21, 2025 15:21
Mohammad Saeed Izadi, the commander of the Palestine Corps within the Islamic Revolutionary Guard Corps Quds Force and the key coordinator between Iran and Hamas, was killed on Saturday, both the military and Defense Minister Israel Katz announced.
Izadi, according to reports, helped finance and arm Hamas in the lead-up to the October 7 massacre. He was reportedly behind the “plan to destroy Israel” by coordinating assaults on Israel from multiple fronts.
Izadi was killed in an apartment in the city of Qom, south of Tehran, by an attack by Israel Air Force fighter jets following an intelligence-gathering effort, the military said.
According to the IDF, Izadi had a two-stage plan for destroying Israel: first, through missile and rocket attacks by Iran and its proxies, followed by a large-scale infiltration into Israeli territory by tens of thousands of terrorists from Lebanon, Gaza, Syria, and the West Bank.
Katz said, “He funded and armed Hamas ahead of the October 7 massacre. This is a major achievement for Israeli intelligence and the Air Force – justice for the murdered and the hostages. Israel’s long arm will reach all its enemies.”
Israeli minister of Defense Israel Katz attends a state ceremony for fallen Israeli soldiers whose burial place is unknown at Mount Herzl Military cemetery in Jerusalem on March 6, 2025. (credit: Chaim Goldberg/Flash90)
IDF Chief of Staff Eyal Zamir said that Izadi’s death is one of the key points in the war, adding that he “has the blood of thousands of Israelis on his hands.
“He was the leader of the Iran-Hamas axis and the confidant of [Hamas leaders Yahya] Sinwar and [Mohammed] Dief. This is a major intelligence and operational achievement by the Intelligence Branch and the Air Force. His death makes the entire Middle East safer.”
Who was Izadi, and how did he help Hamas?
Izadi’s primary role was liaising with Palestinian terrorist organizations, specifically Hamas and the Palestinian Islamic Jihad (PIJ), to attack Israel.
Izadi led efforts to smuggle weapons, provide funding, and train terror groups in Gaza and the West Bank, the Meir Amit Intelligence and Terrorism Information Center said.
He also assisted in strengthening coordination between Palestinian terror groups and Hezbollah, as well as the former Assad regime in Syria.
Quds Force weapons smuggler who supplied Hamas, Houthis, Hezbollah killed by Israel
Shahriyari was responsible for all weapons transfers from the Iranian regime to its proxies across the Middle East, including Hezbollah, Hamas, the Houthis, and others.
Quds Force Weapons Transfer Commander Behnam Shahriyari, killed by Israel, June 21, 2025.(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFFJUNE 21, 2025 10:21Updated: JUNE 21, 2025 11:37
Israel Air Force fighter jets struck and killed Behnam Shahriyari, commander of the Quds Force’s Weapons Transfer Unit (Unit 190) in the Islamic Revolutionary Guard Corps, the IDF said on Saturday.
Shahriyari was killed in his vehicle while traveling in western Iran, more than 1,000 kilometers from Israeli territory.
He was responsible for all weapons transfers from the Iranian regime to its proxies across the Middle East, including Hezbollah, Hamas, the Houthis, and others.
Shahriyari supplied these terror groups with numerous missiles and rockets, many of which were fired at Israel during the war, the IDF said.
Israeli Air Force fighter jets seen attacking Iranian nuclear targets, June 15, 2025 (credit: IDF SPOKESPERSON’S UNIT)
He also commanded the transfer of hundreds of millions of dollars annually to various terrorist organizations through his connections in Turkey and Lebanon through shell companies, money changers, and couriers, the military reported.
Shahriyari’s death announced alongside additional IRGC official
Shahriyari’s death was announced at the same time as Mohammad Saeed Izadi, the commander of the Palestine Corps within the Islamic Revolutionary Guard Corps Quds Force.
Izadi, according to reports, helped finance and arm Hamas in the lead-up to the October 7 massacre. He was reportedly behind the “plan to destroy Israel” by coordinating assaults on Israel from multiple fronts.
ISRAEL IRAN
Airbase commander says airstrikes on Iran blunting ballistic missile fire
Air defenses fire interception missiles at missiles fired from Iran, seen from Jerusalem, June 21, 2025. (Yonatan Sindel/Flash90)
The commander of the Hatzerim Airbase says Israeli Air Force strikes in Iran are reducing the ballistic missile fire on Israel.
“We are targeting the enemy’s missiles, weapon depots, launchers, and personnel, thereby reducing the number of launches at the State of Israel,” says Brig. Gen. “Ayin” in a video, who is only identified by his first initial for security concerns, despite his full name being available on the IDF’s website.
The IAF has conducted over 1,000 sorties over Iran in the past eight days, with fighter jets dropping hundreds of munitions on Iranian ballistic missile launch and storage sites, disrupting its attacks on Israel from western Iran, the military says.
IAF drones have also struck numerous ballistic missile launchers and eliminated dozens of Iranian soldiers at the launch sites, according to the military.
The IDF says these strikes make Iranian soldiers “feel hunted,” adding that they “have been observed abandoning and fleeing” the launchers.
Iran’s forces have been pushed eastward and southward due to the strikes, the IDF says. Each day, new strikes are carried out against the launch sites in western Iran to prevent Iranian forces from returning to them, according to the military.
The IAF estimates it has so far taken out over 200 ballistic missile launchers, or about half what Iran had before the conflict.
end
ISRAEL IRAN/OVERNIGHT/SATURDAY MORNING
IDF hits Isfahan nuclear site for 2nd time; Iran fires 5 missiles in overnight barrage
Military says strikes intended to cause further damage to Iran’s nuclear program; Iranian media says no hazmat leak; debris from intercepted ballistic missile sparks central Israel fire
Footage released by the IDF on June 21, 2025, shows the aftermath of Israeli strikes on Iran’s Isfahan nuclear facility. (Israel Defense Forces)
The Israeli Air Force bombed Iran’s Isfahan nuclear site early Saturday for the second time since the start of the conflict, as Iran fired an overnight volley of five ballistic missiles at central Israel.
According to the military, some 50 IAF fighter jets were involved in overnight strikes, dropping 150 munitions on dozens of targets in Iran, including the Isfahan nuclear facility and four primed missile launchers.
The Israel Defense Forces said the strikes at the Isfahan nuclear site, which Israel had targeted on June 13, were intended to cause further damage to Iran’s nuclear program.
The strike on the first day of the conflict destroyed several critical sections, including uranium conversion infrastructure and labs, according to the IDF.
“Within the compound, a centrifuge production facility was also targeted, along with additional military targets of the Iranian regime in the Isfahan area,” the IDF said Saturday morning.
The military said it has caused “significant damage” to Iran’s centrifuge production capabilities, after also carrying out strikes on several such sites in Tehran earlier in the week.
Footage released by the IDF on June 21, 2025, shows the aftermath of Israeli strikes on Iran’s Isfahan nuclear facility. (Israel Defense Forces)
Iran’s Fars news agency reported that there was no leakage of hazardous materials from the Isfahan site following the latest strikes.
Meanwhile, four primed ballistic missile launchers were “neutralized” in strikes before a salvo was launched at Israel, the military said.
Additional strikes overnight hit trucks used to launch drones at Israel, along with ballistic missile storage and launch infrastructure, and Iranian radars and air defense sites, the IDF added.
Footage released by the IDF on June 21, 2025, shows airstrikes on Iranian drone launchers. (Israel Defense Forces)
Overnight airstrikes in Iran also eliminated three top Islamic Revolutionary Guard Corps officers, including Saeed Izadi, head of the Palestinian Division in the IRGC Quds Force; Behnam Shahriyari, head of the Quds Force’s Unit 190; and Aminpour Joudaki, head of the IRGC Aerospace Force’s drone unit.
Meanwhile, Iran launched a barrage of five ballistic missiles at central Israel, triggering sirens in Tel Aviv and numerous surrounding towns at around 2:40 a.m.
The missiles were all intercepted by air defenses, according to military sources.
Fire breaks out on the roof of an apartment building in central Israel after an Iranian missile attack, early on June 21, 2025 (National Fire and Rescue Services)
No impacts or injuries were reported, but interception fragments hit the roof of an apartment building in central Israel, sparking a fire. Firefighting teams headed to the scene and brought the blaze under control.
המטח מאיראן למרכז הארץ: שריפה פרצה על גג מבנה כתוצאה מנפילת שברי יירוט@hadasgrinberg
Additionally, the Israeli Air Force shot down several drones launched from Iran at Israel overnight and on Saturday morning, the military said. One drone crashed in an open area in the Golan Heights, causing no damage or injuries, according to the IDF.
Israel says its sweeping assault on Iran’s top military leaders, nuclear scientists, uranium enrichment sites and ballistic missile program is necessary to prevent the Islamic Republic from realizing its avowed plan to destroy the Jewish state.
Iran has launched over 470 ballistic missiles and around 1,000 drones at Israel since the IDF commenced operations against the Islamic Republic on June 13.
So far, Iran’s missile attacks have killed 24 people and wounded thousands in Israel, according to health officials and hospitals. Some of the missiles have hit apartment buildings, a university and a hospital, causing heavy damage.
ISRAEL IRAN/USA
American B-2 stealth bombers reportedly take off from US base towards western Pacific
The US military is ready to carry out any decision that President Donald Trump may make on Iran, Defense Secretary Pete Hegseth said on Wednesday.
The U.S. Air Force B-2 bomber “Spirit of Oklahoma” is refueled in-flight over Eastern Washington state, April, 27, 2002 while participating in “Northern Edge,” Alaska’s largest annual joint training exercise.(photo credit: REUTERS/JEFF T. GREEN)ByJERUSALEM POST STAFF, REUTERSJUNE 21, 2025 13:52Updated: JUNE 21, 2025 15:08
American B-2 stealth bombers took off from the Whiteman Air Force Base in Missouri towards a strategic base in Guam in the western Pacific, Israeli public broadcaster KAN reported on Saturday.
The bombers were reportedly accompanied by four Boeing KC-46 Pegasus refueling aircraft. Two of them have already performed refueling for the B2 aircraft over the Pacific Ocean, according to reports. The other two are about 75 kilometers behind them.
Two additional refueling aircraft took off from north of San Francisco and are heading north, the report added. Their next refueling point is said to be in Hawaii later.
One of US’s most advanced weapons platforms
The US Air Force’s B-2 Spirit stealth bomber represents one of America’s most advanced strategic weapons platforms, capable of entering sophisticated air defenses and delivering precision strikes against hardened targets such as Iran’s buried network of nuclear research facilities.
The US military is ready to carry out any decision that President Donald Trump may make on Iran, Defense Secretary Pete Hegseth said on Wednesday, adding that Tehran should have heeded the president’s calls for it to make a deal on its nuclear program prior to the start of Israel’s strikes on Friday.
B-2 Spirit specifications
The US B-2 costs about $2.1 billion each, making it the most expensive military aircraft ever built.
Made by Northrop Grumman, the bomber, with its cutting-edge stealth technology, began its production run in the late 1980s, but was curbed by the fall of the Soviet Union. Only 21 were made after the Pentagon’s planned acquisition program was truncated.
The bomber’s range of over 6,000 nautical miles without refueling enables global strike capabilities from continental US bases. With aerial refueling, the B-2 can reach virtually any target worldwide, as demonstrated in missions from Missouri to Afghanistan and Libya.
Its payload capacity of more than 40,000 pounds allows the aircraft to carry a diverse array of conventional and nuclear weapons. The bomber’s internal weapons bays are specifically designed to maintain stealth characteristics while accommodating large ordnance loads, which could include two GBU-57A/B MOP (Massive Ordnance Penetrator), a 30,000-pound precision-guided “bunker buster” bomb.
The two-pilot crew configuration reduces personnel requirements while maintaining operational effectiveness through advanced automation systems.
The B-2’s stealth technology incorporates radar-absorbing materials and angular design features that minimize detection by enemy air defense systems. Its radar cross-section is reportedly comparable to that of a small bird, making it nearly invisible to conventional radar.
Massive ordnance penetrator (MOP)
The 30,000-pound MOP represents the largest conventional bomb in the US arsenal, specifically engineered to defeat hardened underground bunkers. Its massive size requires the B-2 to carry only one or two MOPs per mission, but provides unmatched bunker-penetration capability.
A B-2 Spirit proceeds to an undisclosed location after flying a mission over Iraq, March 27, 2003. (credit: REUTERS/Cherie A. Thurlby/US Air Force)
The weapon’s 20.5-foot length and GPS-guided precision targeting system enable accurate strikes against specific underground facilities. Its penetration capability of over 200 feet through hardened concrete makes it effective against the world’s most protected underground installations.
Conventional payloads
Joint Direct Attack Munitions (JDAM) provide the B-2 with precision conventional strike capability against fixed targets. These GPS-guided weapons can be deployed in large numbers, with the bomber capable of simultaneously engaging multiple targets with high accuracy.
Joint Standoff Weapons (JSOW) extend the aircraft’s engagement range while maintaining stealth characteristics during approach. These glide bombs allow the B-2 to strike targets from outside heavily defended airspace perimeters.
Joint Air-to-Surface Standoff Missiles (JASSM) offer long-range precision strike capability with their own stealth features. The extended-range JASSM-ER variant provides strike options against targets over 500 miles (805 km) away.
Nuclear payload capabilities
The B-2 Spirit serves as a key component of America’s nuclear triad, capable of delivering strategic nuclear weapons with stealth and precision. The aircraft can carry up to 16 B83 nuclear bombs.
end
USA/IRAN/ 3 NUCLEAR SITES DESTROYED/SATURDAY NIGHT
US President Donald Trump says Iranian nuclear sites ‘obliterated’
“Iran, the bully of the Middle East, must now make peace,” Trump said. “If they don’t, future attacks will be far greater, and a lot easier.”
US President Donald Trump and members of his cabinet in the situation room during US strikes on Iran, June 22, 2025.(photo credit: WHITE HOUSE)ByJERUSALEM POST STAFFJUNE 22, 2025 04:57Updated: JUNE 22, 2025 07:12
Iran’s three main nuclear enrichment facilities, namely Fordow, Natanz, and Isfahan, have been “completely and totally obliterated,” US President Donald Trump confirmed in an address from the White House Saturday night.
“Our objective was the destruction of Iran’s nuclear enrichment capacity and a stop to the nuclear threat posed by the world’s number one state sponsor of terror,” he said, adding that the strikes were a “spectacular military success.”
Trump also congratulated Prime Minister Benjamin Netanyahu, whom he said worked with him “as a team, like perhaps no team has ever worked before, and we’ve gone a long way to erasing this horrible threat to Israel.”
“I want to just thank everybody, and in particular, God, I wanna just say, we love you God, and we love our great military,” Trump said, adding that US Defense Secretary Pete Hegseth would hold a press conference at the Pentagon at 8 a.m. Sunday.
“God bless the Middle East, God bless Israel, and God bless America,” he concluded.
Since the start of Israeli strikes on Iranian territory last Friday, the Air Force has destroyed some 200 surface-to-surface ballistic missile launchers across the Islamic Republic.
Smoke seen rising from a building after a reported Israeli strike in the southwest of Iran, June 21, 2025(photo credit: SOCIAL MEDIA/VIA SECTION 27A OF THE COPYRIGHT ACT)ByJERUSALEM POST STAFFJUNE 21, 2025 15:39Updated: JUNE 21, 2025 19:11
Some 30 Israeli Air Force fighter jets struck dozens of military sites in the area of Ahvaz, in southwestern Iran, the IDF said on Saturday.
Explosions were heard in the Khuzestan province in the area, “from Ahvaz to Mahshahr,” the state-affiliated Fars agency said. Smoke was rising in images shared among Iranians on social media, said to be from the area of the recent Israeli strikes.
According to the Israeli military, fighter jets struck a site where a storage site containing missile launchers, some of which had previously fired missiles toward Israeli territory.
IAF fighter jets also struck radar detection system sites used for detection and aerial intelligence gathering, and military infrastructure belonging to the IRGC, the IDF said.
IAF fighter jets taking off for strikes in Iran, June 16, 2025. (credit: IDF SPOKESPERSON’S UNIT)
Israel has destroyed 200 missile launchers since last Friday
Since the start of Israeli strikes on Iranian territory last Friday, the Air Force has destroyed some 200 surface-to-surface ballistic missile launchers across the Islamic Republic, as per IAF estimates.
These strikes, in addition to storage and launch sites targeted across Iran by the Air Force in cooperation with the Intelligence Directorate, have disrupted Iran’s ability to fire from its west, with Israel pushing launches further eastward and southward.
This is a developing story.
END
ISRAEL/IRAN/ VERY EARLY SUNDAY MORNING/AFTER THE USA DESTROYING IRAN’S NUCLEAR CAPABILITY
(jERUSALEMPOST)
23 wounded from crashes in central, northern Israel following Iranian missile barrage
Twenty-three have been reported wounded after reports of hits in the Coastal, Central, and Dan districts, including direct hits to buildings and cars.
The IDF Home Front on Sunday said that 23 civilians were wounded in four locations from Iran’s latest salvos of around 20-30 ballistic missiles.
Thirteen were wounded in the Tel Aviv area, six in Nes Tziona, three in Haifa, and one on a highway near Beer Yaakov.
Only the Beer Yaakov individual was moderately wounded, with all other wounds being defined as light, despite initial incorrect reports of multiple severe injuries.
The first salvo was around 20 missiles, while the second salvo was under 10.
The IDF acknowledged that there was an error with the sirens in the Haifa area.
First responders gather at an impact site following Iran’s strike on Israel, in Haifa, June 22, 2025 (credit: REUTERS/FLORION GOGA)
Error with sirens in Hafia area
According to the IDF, the hit in Haifa was likely related to the IDF interceptor, and not an Iranian ballistic missile.
Because there was no ballistic missile danger and because IDF sirens are programmed not to be set off by interceptors (otherwise, the IDF says there would be far too many overreactions regarding sirens), but rather only by missiles or fragments of missiles, the sirens failed to sound.
Despite reports of greater than usual damage in Tel Aviv, IDF estimates are that the damage was actually similar to other hits, and no special or new weapon was used.
‘This is a scene of major destruction,’ MDA paramedic says
According to the Fire and Rescue Authority, reports were received of hits in the Coastal, Central, and Dan districts, including direct hits to buildings and cars, causing extensive damage.
In central Israel, some buildings collapsed from the hits, MDA reported.
Those being treated include one in moderate condition, a man about 30 years old with shrapnel injury to his upper body. Others have light injuries and bruises, MDA said.
MDA teams have been scanning additional sites for additional people wounded from the impacts. “This is a scene of major destruction,” MDA emergency paramedic Moti Nissan said on the scene in central Israel.
“Several two-story residential buildings were severely damaged, and some collapsed. We arrived at the scene and immediately began searching together with firefighting forces and the Home Front Command. We are prepared on site to provide medical treatment if additional casualties are found during the searches,” Nissan added.
Prior to the strike, the military said that defensive systems were operating to intercept the threats.
Upon receiving an alert, the public is instructed to enter a protected space and remain there until further notice, the military said.
END
IRAN/ISRAEL/LATER SUNDAY MORNING
86 wounded by Iranian missile attacks on Israel after US strikes 3 Iran nuclear sites
wounded by Iranian missile attacks on Israel after US strikes 3 Iran nuclear sites
Broad devastation at impact sites in Tel Aviv and nearby Ness Ziona; failed Israeli interceptor crashes in Haifa; IDF destroys primed Iranian launchers, foiling larger attack
Footage shows first responders on site across Israel in Tel Aviv, Ness Ziona and Haifa, following a heavy Iranian missile barrage on June 22, 2025. (Oren Ziv/Jorge Novominsky/Nir Kafri/AFPTV/AFP)
An Iranian ballistic missile barrage injured dozens of people in Israel on Sunday morning as nearly 30 projectiles targeted the country, causing widespread destruction to residential areas in Tel Aviv and the central town of Ness Ziona.
An Israeli air defense interceptor, meanwhile, malfunctioned and impacted the northern city of Haifa, causing damage and slightly wounding three people. No sirens had sounded in the city during the incident.
The Health Ministry reported that among those who arrived at hospitals were two in moderate condition, 77 in good condition, four victims suffering from acute anxiety, and three more people who were undergoing medical evaluation and whose condition had not been immediately determined.
Ichilov Medical Center in Tel Aviv said there were two children among the five people who arrived at its emergency room with minor injuries.
The injuries were largely at the two impact sites in Tel Aviv and its Ness Ziona suburb, according to medical officials. One man was moderately hurt by shrapnel on the Route 431 highway, near Be’er Yaakov in central Israel.
The Iranian attack came hours after the United States bombed three key nuclear sites in Iran, joining an Israeli air campaign against Iran’s nuclear and military infrastructure that began on June 13.
Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Tel Aviv, June 22, 2025. (Chaim Goldberg/ Flash90)
Iran has responded to the Israeli attacks with near-daily barrages of missiles at cities, killing 24 people and wounding thousands, according to health officials and hospitals.
At least 27 missiles were launched from Iran in Sunday morning’s attack in two salvos, the military said, setting off sirens in north and central regions, as well as Jerusalem, between 7:30 and around 8 a.m.
The first salvo consisted of at least 22 missiles, and the second was made up of five, according to IDF assessments.
Firefighters, rescue workers and military work at the site of a direct missile strike launched from Iran in Tel Aviv, on June 22, 2025. (AP Photo/Oded Balilty)
Shortly after the barrage, the IDF said it struck the missile launchers used in the attack.
The military added that before the attack, the air force bombed eight other ballistic missile launchers, including six that were primed for an immediate attack on Israel, foiling a larger barrage.
According to the IDF, the strikes on the primed ballistic missile launchers eliminated several Iranian soldiers at the launch sites. The IDF released footage of the strikes.
תיעוד: חיל האוויר תקף באיראן משגרים מוכנים לשיגור טרם המטח הבוקר
חיל האוויר תקף משגרים מוכנים לירי מיידי, זמן קצר לפני המטח שבוצע לעבר מדינת ישראל הבוקר (א׳). בתקיפה חוסלו חיילים איראניים שהפעילו את המשגרים pic.twitter.com/py6ylrgxnS
The Home Front Command said it was investigating whether Iran used a cluster bomb warhead in the attack, as it did last week, but did not initially find evidence that this was the case.
In Tel Aviv, skeletons of homes were left standing following the barrage, with the wooden frames visible amid a sea of debris.
Rescue workers and residents react at the site where an apparently failed air defense interceptor fell in Haifa, June 22, 2025. (Baz Ratner/AP)
Emergency services were still working to evacuate residents over an hour after the barrage.
The situation was complicated by the fact that a large elder care facility was damaged in the attack.
“There was a massive explosion. Everything shook. I don’t know what happened,” a tearful witness told The Times of Israel at the site.
Dazed families walked around carrying small bags with their important possessions, as security forces moved them away from the scene, citing concerns of falling debris or a building collapse.
“Houses here were hit very, very badly,” Tel Aviv Mayor Ron Huldai said at the scene. “Those who were in the shelter are all safe and well. The damage is very, very extensive, but in terms of human life, we are okay.”
Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Ness Ziona, June 22, 2025. (Yossi Aloni/Flash90)
Huldai said that a building badly damaged by the impact was empty of residents as it was in the midst of a refurbishment project.
The entire front of the broad, four-story building appeared to have been blown off.
Eran, whose home was hit in Ness Ziona, told Channel 13 that together with his family he had retreated to their home’s safe room.
“We heard a boom and the whole house shook, but the safe room remained intact,” he said.
Eran noted that the family dog was injured in the attack and taken to a veterinarian hospital for treatment.
Iran’s armed forces later said they targeted multiple sites in Israel, including Ben Gurion Airport, after the US attacked key nuclear sites in the Islamic Republic. The airport near Tel Aviv is the main international air gateway to the country.
Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Ness Ziona, June 22, 2025. (Yossi Aloni/Flash90
“The twentieth wave of Operation Honest Promise 3 began using a combination of long-range liquid and solid fuel missiles with devastating warhead power,” the Iranian armed forces said in a statement quoted by Fars news agency.
The targets included the airport, a “biological research center,” logistics bases, and various layers of command and control centers, it said.
Failed interceptor explosion in Haifa
The IDF Home Front Command said it suspected that an Israeli air defense interceptor malfunctioned and crashed in Haifa during the Iranian attack, which was the reason for the warning sirens not sounding.
An early warning was issued via the cell broadcast system in Haifa, but no sirens sounded as no ballistic missiles were headed for the city, the Home Front Command said.
“This is not a malfunction in the warning system,” the IDF said, adding that the incident was under investigation.
Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Tel Aviv, June 22, 2025. (Avshalom Sassoni/Flash90)
A public square in a residential area of the city was left strewn with rubble, and surrounding shops and homes were heavily damaged.
Palm trees withstood the impact in a small public garden, while storefronts were bent, shop windows shattered, and air conditioners left dangling from building facades.
The impact wounded three people, who were in good condition, according to medics, and caused some damage.
Drone attack
In addition to the missiles, two drones apparently launched from Iran at Israel were shot down by the Israeli Air Force during the morning, the IDF said. The drones had triggered sirens in the southern Arava region.
Drones take several hours to reach Israel from Iran, meaning they were likely launched before the US bombed Iran’s nuclear sites.
Overnight, the IAF and Navy intercepted some 30 drones launched from Iran at Israel, the military said.
The military said the IAF also struck dozens of drones in Iran before they were launched at Israel. The IDF released footage showing the drone interceptions and strikes on drones in Iran.
חיל האוויר וחיל הים יירטו במהלך הלילה כ-30 כלי טיס בלתי מאוישים ששוגרו לעבר שטח מדינת ישראל
מתחילת מבצע “עם כלביא”, חיל האוויר וחיל הים יירטו יותר מ-500 כלי טיס בלתי מאוישים ששוגרו מאיראן לעבר שטח מדינת ישראל.
Since the start of the war with Iran, over 500 drones launched at Israel have been shot down, according to the IDF.
IDF hits Iranian jets, weapon sites, air defenses
Israel kept up its air campaign against Iran’s military overnight and Sunday, with the air force bombing two Iranian F-5 fighter jets at Dezful Airport in Iran during the morning, the military said.
The F-5 is a US fighter jet produced by the Northrop Corporation. They were sold to Iran in the 1970s.
The military said that strikes Saturday night carried out by 20 fighter jets in central Iran hit dozens of military targets.
The targets included “a military site containing components for the production of explosives, sites for the storage and production of weapons, and Iranian air defense systems,” along with military infrastructure at Isfahan Airport, to prevent the Iranian Air Force from using the site’s military facilities,” the IDF said.
A video issued by the IDF on June 22, 2025, shows strikes on Iranian F-5 fighter jets, ballistic missile launchers, and other military facilities in Iran. (Israel Defense Forces)
Israel says its sweeping assault, which began last Friday, on Iran’s top military leaders, nuclear scientists, uranium enrichment sites, and ballistic missile program is necessary to prevent the Islamic Republic from realizing its avowed plan to destroy the Jewish state.
Iran has retaliated by launching over 500 ballistic missiles and around 1,000 drones at Israel. Most of the missiles and nearly all of the drones have been intercepted by air defense systems.
Times of Israel staff and agencies contributed to this report.
Rescue workers and residents react at the site where an apparently failed air defense interceptor fell in Haifa, June 22, 2025. (Baz Ratner/AP)
Emergency services were still working to evacuate residents over an hour after the barrage.
The situation was complicated by the fact that a large elder care facility was damaged in the attack.
“There was a massive explosion. Everything shook. I don’t know what happened,” a tearful witness told The Times of Israel at the site.
Dazed families walked around carrying small bags with their important possessions, as security forces moved them away from the scene, citing concerns of falling debris or a building collapse.
“Houses here were hit very, very badly,” Tel Aviv Mayor Ron Huldai said at the scene. “Those who were in the shelter are all safe and well. The damage is very, very extensive, but in terms of human life, we are okay.”
Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Ness Ziona, June 22, 2025. (Yossi Aloni/Flash90)
Huldai said that a building badly damaged by the impact was empty of residents as it was in the midst of a refurbishment project.
The entire front of the broad, four-story building appeared to have been blown off.
Eran, whose home was hit in Ness Ziona, told Channel 13 that together with his family he had retreated to their home’s safe room.
“We heard a boom and the whole house shook, but the safe room remained intact,” he said.
Eran noted that the family dog was injured in the attack and taken to a veterinarian hospital for treatment.
Iran’s armed forces later said they targeted multiple sites in Israel, including Ben Gurion Airport, after the US attacked key nuclear sites in the Islamic Republic. The airport near Tel Aviv is the main international air gateway to the country.
Israeli security and rescue forces at the scene where a ballistic missile fired from Iran hit and caused damage in Ness Ziona, June 22, 2025. (Yossi Aloni/Flash90
“The twentieth wave of Operation Honest Promise 3 began using a combination of long-range liquid and solid fuel missiles with devastating warhead power,” the Iranian armed forces said in a statement quoted by Fars news agency.
The targets included the airport, a “biological research center,” logistics bases, and various layers of command and control centers, it said.
Failed interceptor explosion in Haifa
The IDF Home Front Command said it suspected that an Israeli air defense interceptor malfunctioned and crashed in Haifa during the Iranian attack, which was the reason for the warning sirens not sounding.
An early warning was issued via the cell broadcast system in Haifa, but no sirens sounded as no ballistic missiles were headed for the city, the Home Front Command said.
“This is not a malfunction in the warning system,” the IDF said, adding that the incident was under investigation.
ISRAEL IRAN
IDF: Unlikely Iran can fire 100 missiles at once anymore; Home Front restrictions might relax
The statement was made after the US bombed Iran’s most important remaining nuclear facility at Fordow, and the Islamic Republic’s “best shot” retaliation late Sunday morning.
An apartment building in Tel Aviv was destroyed by an Iranian rocket on June 16, 2023.(photo credit: Chen G. Schimmel/The Jerusalem Post)ByYONAH JEREMY BOBJUNE 22, 2025 10:30
The IDF on Sunday said that Iran has probably lost the capability to fire 100 ballistic missiles at Israel simultaneously.
The statement was made after the US bombed Iran‘s most important remaining nuclear facility at Fordow, and the Islamic Republic’s “best shot” retaliation late Sunday morning was multiple salvos, adding up only to 20-30 missiles.
Based on those numbers, that no Israelis have been killed by ballistic missiles in multiple days, and that even the number of severely wounded is down from Iranian attacks, if Tehran does not manage a more substantial or deadly attack later Sunday, the IDF Home Front could decide as early as Sunday night or monday to relax restrictions again to open workplaces, synagogues, and other locations to people in increments of 20-30.
Last week, the IDF Home Front relaxed restrictions partially, allowing a gradual reopening of the economy, but early Sunday morning, concerned about how the Islamic Republic would respond to the Fordow attack, the IDF had returned to full restrictions on the home front.
Iran’s ballistic missile attacks
On both October 1, 2024 and on June 14 last week, Iran fired around 200 ballistic missiles in one day, each time.
First responders arrive at the scene of a hit from an Iranian missile in central Israel, June 16, 2025. (credit: Chen G. Schimmel/The Jerusalem Post)
On April 13-14, 2024, Iran launched over 100 ballistic missiles.
On June 15, Tehran launched around 100 ballistic missiles, split into salvos of around 75 and salvos of around 30.
On June 16, Iran launched 65 ballistic missiles.
Since the middle-end of last week, Iran has been brought down to 20-40 ballistic missiles per day for a number of days consecutively.
All of this occurs as it has become harder for Iran to fire ballistic missiles from Western Iran – the closest spot geographically to Israel – and as more than 50% of its missile launchers are said to already be destroyed by the IDF.See more on
END
ISRAEL IRAN/EARLY MONDAY MORNING
Israel now going after the Basij (their police force), and Alborz forces killing hundreds. These criminals are the compliance officers to the ordinary citizens of Iran forcing compliance to Sharia law /Islamic law. Israeli hit their electrical grid in the south Many launchers were destroyed! They attacked the notorious prison freeing dissident citizens
(zerohedge)
Israel kills hundreds of IRGC members in strikes on Tehran’s Basij, Alborz forces
The IDF targeted the headquarters of the Basij paramilitary forces, as well as internal security forces Alborz, in a wave of strikes across Iran’s capital.
Israel strikes in Tehran, Monday June 23, 2025.(photo credit: SCREENSHOT/VIA SECTION 24A OF THE COPYRIGHT ACT)ByAMICHAI STEIN, KESHET NEEVJUNE 23, 2025 09:20Updated: JUNE 23, 2025 14:17
Hundreds of Islamic Revolutionary Guard Corps (IRGC) members were killed by Israeli strikes across Tehran on Monday, an Israeli official told The Jerusalem Post.
During the strikes, Israel targeted various locations in Tehran, which included the Basij headquarters and Evin Prison.
The Basij is a paramilitary militia part of the IRGC. The United States designated both the IRGC and Basij terrorist entities.
IDF targets Iranian internal security forces across Tehran
The Alborz Corps, responsible for the security of several cities in the Tehran District, was also struck, the IDF said. The IDF added that various parts of the Iranian regime’s military forces were hit, along with assets belonging to the Internal Security Forces and the IRGC.
The IDF also struck the Tharallah headquarters, which is a command within the IRGC and responsible for defending Tehran against security threats, Israel’s military added.
A cleric member of Basij paramilitary forces attends a rally in support of Palestinians, in Tehran, Iran, November 24, 2023 (credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS)
The waves of Israeli strikes started following Iran’s multiple barrages of missiles directed at Israel, which impacted various areas across the country, including a strategic electric infrastructure facility in southern Iran.
Defense Minister Israel Katz stated earlier on Monday that “for every shot fired at the Israeli home front, the Iranian dictator will be punished, and the strikes will continue with full force.”
בהתאם להנחיית ראש הממשלה בנימין נתניהו ושלי צה"ל תוקף כעת בעוצמה חסרת תקדים מטרות משטר וגופי דיכוי שלטוניים בלב טהרן וביניהם – מטה הבסיג’, בית הכלא אווין לאסירים פוליטיים ומתנגדי משטר, השעון "להשמדת ישראל" בכיכר פלסטין, מפקדות ביטחון פנים של משמרות המהפכה, מפקדת האידיאולוגיה…
— ישראל כ”ץ Israel Katz (@Israel_katz) June 23, 2025
Israel strikes Fordow
The access points of Iran’s Fordow nuclear facility were also targeted in an Israeli attack on Monday, the IDF later confirmed.
The Israeli strikes took place a day after the US struck the same target.
Both the access roads leading to the Fordow site and the entrances and exits were targeted to prevent the removal of materials.
Israel strikes six Iranian airports
Earlier in the morning, the IDF had struck six airports in western, eastern, and central Iran on Monday morning, the military said.
The military added that the strikes caused damage to runways, underground bunkers, a refueling aircraft, and fighter jets, including the F-14, F-5, and AH-1, which belong to the Iranian regime.
The IDF also stated that the strikes were conducted to strengthen dominance over Iranian airspace, and the aircraft it struck were intended for use against Israel.
Additionally, over 15 Israel Air Force fighter jets targeted surface-to-surface missile launch and storage sites in the area of Kermanshah, located in western Iran, the military said.
The military added that surface-to-surface missile launch and storage sites were aimed toward Israeli terrority.
This round of strikes came after the IDF stated earlier on Monday morning that the IAF was conducting strikes on military infrastructure sites in the Kermanshah area in western Iran.
Rape has featured prominently in the Islamic Republic’s prisons dating back to the 1980s, with anti-regime protesters describing it as routine. The Islamic Republic’s theological view is that rape victims cannot enter Heaven.
The prison dates back to the time of the Shah’s regime, where it was notably smaller but served the same purpose of holding and torturing political prisoners and was run by the SAVAK secret police.
The prison played an important part in the 1979 Iranian Revolution, when its storming led to the release of thousands of anti-Shah dissidents, fueling the ongoing revolution.
Israeli strikes on the Basiji headquarters in Tehran
Strikes also targeted the Basiji headquarters in Tehran. The Organization for Mobilization of the Oppressed (Basiji) functions as the Islamic Republic’s paramilitary volunteer militia. It acts to suppress opposition to the regime, often violently.
The Basiji are officially the paramilitary wing of the Islamic Revolutionary Guard Corps and are allegedly run directly by Ayatollah Ali Khamenei’s son and possible successor, Mojtaba Khamenei.
END
Israel says strikes in Tehran hit Basij HQ, Evin Prison, ‘Destruction of Israel’ clock
IDF believes many IRGC troops killed * Airstrikes hit access roads to Fordo * Iran targets Israel with prolonged barrage; impact at electrical facility in south causes brief outages
This handout natural-colour image acquired with MODIS on NASA’s Terra satellite taken on February 5, 2025 shows the Gulf of Oman and the Strait of Hormuz (upper left) (NASA Earth Observatory / AFP)
Three empty oil and chemical tankers have diverted away from the Strait of Hormuz and changed course, Marine Traffic ship tracking data shows, amid growing uncertainty over whether Iran will take reprisal action in the vital waterway after US airstrikes on Tehran’s nuclear facilities.
The Marie C and Red Ruby, which were in ballast rather than carrying cargo and previously sailing toward the Strait, dropped anchor near Fujairah off the United Arab Emirates coast. The Kohzan Maru was sailing in the Gulf of Oman close to Omani waters, according to data on the MarineTraffic platform.
Japan’s Nippon Yusen and Mitsui OSK Lines say they have instructed their vessels to minimize the time spent in the Gulf as they continue to transit the Strait of Hormuz.
END
now they are dismantling IRGC and other supporters of the regime!
The military is now providing more details on the strikes in Tehran.
Israeli Air Force fighter jets struck headquarters and other assets belonging to Iran’s internal security forces and the Islamic Revolutionary Guard Corps in Tehran, the IDF says in a statement.
“These forces are composed of various corps and commands and are responsible, on behalf of the Iranian regime’s military, for homeland defense, suppressing threats, and maintaining regime stability,” the statement says.
According to the IDF, the strikes hit the Basij headquarters in Tehran, which it says “serves as one of the bases of power of the IRGC and is responsible, among other things, for enforcing Islamic code and reporting civilians who violate it to the authorities.”
Additionally, the strikes hit the Alborz Corps, which the military says is “responsible for protecting several cities in Tehran Province from various threats and preserving regime stability,” along with the Iranian internal security forces’ intelligence and general security police.
“These headquarters are significant both militarily and in terms of governance, and striking them harms the military capabilities of the Iranian regime,” the IDF adds.
end
ISRAEL/IRAN/MONDAY
IDF on alert over possible relocation of Iran’s enriched uranium from damaged sites, Defrin says
Iran has said in the past that they had moved enriched uranium from Fordow to other sites but it was never confirmed but appeared to be use of psychological warfare.
Strike on a surface-to-surface missile engine production site in the Shahroud area, deep inside Iran June 22, 2025(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFFJUNE 22, 2025 21:29
The IDF is closely monitoring the possibility of Iran moving its enriched uranium from sites that are damaged or destroyed to other sites, IDF Spokesperson Brig.-Gen. Effie Defrin said in response to a question during his press conference on Sunday.
Iran has said in the past that they had moved enriched uranium from Fordow to other sites but it was never confirmed. It rather appeared to be a use of psychological warfare.
IAF strikes IRGC surface-to-surface missile engine production site
On Saturday, Israeli air force fighter jets struck a surface-to-surface missile engine production site of the IRGC in the Shahroud area of Iran, Defrin said in his statement.
The site had planetary mixers and critical machinery that is used for the production of missile engines.
https://player.jpost.com/public/player.html?player=jpost&media=3915062&url=www.jpost.com3D illustration of the surface-to-surface missile engine production site that was struck in the Shahroud area (Credit: IDF SPOKESPERSON’S UNIT)The strike on the site, which was approximately 2,000 kilometers from Israeli territory, was part of the effort to damage the Iranian regime’s surface-to-surface missile production industry.
end
IRAN RUSSIA/MONDAY
Dangerous! some countries including Russia have offered nuclear warheads to Iran. If this happens we have World War iii
Iran, Russia set to hold talks as Tehran fumes at US over strikes
Islamic Republic and allies condemn American military action, schedule UN Security Council meeting, as world awaits possible retaliation; Hezbollah says it won’t get involved
Protesters carry Iranian national flags and a poster of Islamic Republic founder Ayatollah Khomeini, left, and Supreme Leader Ayatollah Ali Khamenei, while chanting anti-US and -Israel slogans after the attacks on nuclear sites in Iran, in Tehran, Iran, June 22, 2025. (AP Photo/Vahid Salemi)
The world awaited Iran’s response on Sunday after the US struck Tehran’s key nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.
With the damage visible from space after 30,000-pound US bunker-buster bombs crashed into the mountain above Iran’s Fordo nuclear site, Tehran vowed to defend itself at all costs.
But it had yet to follow through on its main threats of retaliation against the United States itself – either by targeting US bases or trying to choke off global oil supplies.
Speaking in Istanbul, Iranian Foreign Minister Abbas Araghchi said Tehran would consider all possible responses.
The US and Israel “crossed a very big red line by attacking [Iran’s] nuclear facilities,” Araghchi said, calling US strikes on the Fordo, Natanz and Isfahan facilities “a grave crime.”
He later said that Tehran could not return to diplomacy with the US, with which it had been in talks to forge a new nuclear deal, while it was under attack.
“The US showed they have no respect for international law. They only understand the language of threat and force,” Araghchi said, adding that Tehran has to respond based on its rights before diplomacy can be reconsidered.
Iranian President Masoud Pezeshkian also condemned US strikes on nuclear sites Sunday afternoon, declaring that the operation proved America to be “the main factor behind the Zionist regime’s hostile actions against the Islamic Republic of Iran.”
Araghchi told a meeting of the Organization of Islamic Cooperation that he would be traveling to Moscow later in the day to hold “serious consultations with the Russian president tomorrow.”
Moscow on Sunday led a chorus of condemnation from Iran’s allies and proxies, which accused Washington of deliberately destabilizing the already volatile region, and joined Tehran in downplaying the impact of the heavy bombardment.
Russia said the “irresponsible attack” had undermined the Treaty on the Non-Proliferation of Nuclear Weapons and was thus a “gross violation of international law.”
“It is already obvious that a dangerous escalation has begun, fraught with further undermining of regional and global security,” said the Russian foreign ministry. “The risk of the conflict spreading in the Middle East, which is already gripped by multiple crises, has increased significantly.”
It demanded a response to the strikes from the UN Security Council, which later said it would meet over the issue Sunday at Tehran’s request.
Russian President Vladimir Putin has repeatedly offered to mediate between the US and Iran.
Former Russian president Dmitry Medvedev, who remains a senior Kremlin official, asserted that the strikes ordered by US President Donald Trump would only strengthen the Islamic Republic by consolidating society around Supreme Leader Ali Khamenei, and would ultimately aid it in advancing its nuclear ambitions.
“Trump, who came in as a peacemaker president, has started a new war for the US,” said Medvedev, the deputy chairman of Russia’s Security Council, adding that “with this kind of success, Trump won’t win the Nobel Peace Prize.”
“Iran’s political regime has been preserved, and it is highly likely that it has become stronger,” Medvedev predicted. “The people are consolidating around the spiritual leadership, even those who did not sympathize with it.”
He claimed that Iran’s nuclear infrastructure did not appear to be affected by the US strikes, despite satellite photos appearing to show otherwise.
“The enrichment of nuclear material — and, now we can say it outright, the future production of nuclear weapons — will continue,” he wrote on X, and declared that several unspecified countries were “ready to directly supply Iran with their own nuclear warheads.”
Iran foreign minister Abbas Araghchi, speaks during a press conference at the Lutfi Kırdar Congress Center on the sideline of the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), in Istanbul on June 22, 2025. (Ozan Kose/AFP)
Trump announced early Sunday that the US military had bombed Iran’s Fordo, Natanz and Isfahan nuclear sites, officially entering the fray to assist Israel in its campaign against the Islamic Republic’s nuclear program.
Trump’s decision to directly involve the US in the war came after more than a week of strikes by Israel that damaged Iran’s nuclear facilities, eradicated the country’s air defenses, and took out many of its military brass and top nuclear scientists. Iran, in retaliation, has launched dozens of ballistic missile barrages at Israel.
Turkey, which was hosting Araghchi on Sunday, warned in a statement put out by its foreign ministry that the strikes risked escalating the Iran-Israel conflict to a global level that could have “catastrophic” consequences.
“The ongoing developments could cause the regional conflict to escalate to a global level. We do not want this catastrophic scenario to come to life,” the Turkish foreign ministry said.
China, which itself has particularly strained ties with the US, joined in condemning the strikes, saying that they “escalate tensions in the Middle East.”
Beijing was calling on “all parties in the conflict, especially Israel, to cease fire as soon as possible,” its foreign ministry said.
Arab countries, including Western-aligned Gulf monarchies, also expressed concern over the attacks, warning of serious repercussions and calling for a return to diplomacy.
Many of the oil-rich Gulf countries host major US assets and bases and fear that a spillover from the war could threaten their security and economy. They have all been engaged in a diplomatic frenzy for solutions since June 13, when Israel launched its air campaign targeting Iran’s nuclear and military capabilities.
In a step toward what is widely seen as Iran’s most effective threat to hurt the West, its parliament reportedly approved a move to close the Strait of Hormuz, the entrance to the Gulf where nearly a quarter of the oil shipped around the world passes through narrow waters that Iran shares with Oman and the United Arab Emirates.
Iran’s Press TV said closing the strait would require approval from the Supreme National Security Council, a body led by an appointee of Supreme Leader Ayatollah Ali Khamenei.
Attempting to choke off Gulf oil by closing the strait could send global oil prices skyrocketing, derail the world economy and invite almost certain conflict with the US Navy’s massive Fifth Fleet, based in the Gulf and tasked with keeping it open.
US Secretary of State Marco Rubio, in a Fox News interview, called on China to encourage Iran to not shut down the strait.
“I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,” said Rubio, who also serves as national security adviser.
“If they do that, it will be another terrible mistake. It’s economic suicide for them if they do it. And we retain options to deal with that, but other countries should be looking at that as well. It would hurt other countries’ economies a lot worse than ours.”
He warned Iran that retaliation would be “the worst mistake they’ve ever made.”
Rubio separately told CBS’s “Face the Nation” talk show that the United States has “other targets we can hit, but we achieved our objective.”
He later added: “There are no planned military operations right now against Iran unless — unless they mess around.”
Regional actors express concern
Iran’s former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered detente with Tehran since 2023, expressed “great concern” over the attacks on its neighbor, the “sisterly Islamic Republic of Iran.”
“The Kingdom underscores the need to exert all possible efforts to exercise restraint, de-escalate tensions, and avoid further escalation,” the foreign ministry posted on X.
Qatar, host of the biggest US military base in the Middle East, said it feared “catastrophic consequences” for the region and the entire world, while Oman, which had been mediating the nuclear talks between Washington and Tehran, declared the strikes illegal and called for immediate de-escalation.
The United Arab Emirates, one of Israel’s staunchest regional allies, expressed concern after the attack, calling for “an immediate end to the escalation.”
Bahrain, home to a major US naval base, told most of its government employees to work from home until further notice following the escalation, and Kuwait said its finance ministry had activated an emergency plan that includes readying shelters.
And it wasn’t just the Gulf states that found themselves in a tight spot as they tried to condemn the strikes without upsetting their ties to the US.
Iraq, home to both a number of US bases and various Iran-backed militias that regularly threaten them, expressed “deep concern and strong condemnation” of the attacks, government spokesperson Basim Alawadi said, labeling them “a grave threat to peace and security in the Middle East.”
Egypt also condemned the escalation in Iran, warning of “dangerous repercussions” for the region and calling for diplomacy.
Although the Iran-backed militias in Iraq have threatened to target US bases over its decision to aid Israel’s military campaign, and the Houthi rebels in Yemen repeated their threats to target US vessels in the Red Sea, most of Iran’s network of proxy groups appear unlikely to enter the fray, and will be content with furious statements of condemnation.
In Lebanon, a spokesman for the Iran-backed terror group Hezbollah told Newsweek that the terror group will not attack the US or Israel.
“Iran is a strong country capable of defending itself, logic dictates that it can confront America and Israel,” said the official.
The group will remain committed to the ceasefire agreement “despite the attacks carried out by the Israeli enemy,” continued the spokesman.
A protester waves a Lebanese flag at a demonstration in support of Iran in Sydney, Australia, on June 22, 2025. (David Gray/AFP)
Meanwhile, Lebanese President Joseph Aoun, largely seen as close to the United States, urged both sides to resume talks to restore stability in the region.
Lebanon has been reeling from a destructive conflict between Israel and Hezbollah, which ended with a fragile truce last November after Israeli strikes took out the organization’s leadership and IDF ground forces conquered Lebanese border towns.
It had already indicated at the outset of Israel’s air campaign against Iran that it was not going to get involved.
And in Gaza, a battered Hamas condemned what it called “blatant US aggression” against Iran. It said that the strikes were a “direct threat to international peace and security” and “a blind pursuit of the rogue Zionist occupation’s agenda.”
The Palestinian terror group is a shell of its former self, more than 20 months into its war with Israel, which it triggered with its deadly invasion into southern Israel on October 7, 2023.
end
IRAN/RUSSIA/ISRAEL
if this happens, World War iii would commence!
Medvedev Reacts: ‘Number Of Countries’ Now Ready To Supply Iran With ‘Their Own Nuclear Warheads’
by Tyler Durden
Sunday, Jun 22, 2025 – 02:00 PM
On Sunday morning Russia’s former president and current deputy chairman of the country’s Security Council Dmitry Medvedev issued his reaction to the major US overnight strike on Iran’s nuclear facilities, giving what’s essentially the view of where things stand from the Kremlin.
Medvedev in a ten-point list of reactions characterized the attacks as ultimately ineffective, and that it will blow back on America and Israel in a way opposite than intended, especially as Tehran will now only push harder for a nuke, and allied countries might now simply be willing to supply them to the Iranians, he described.
Interestingly, Medvedev has also echoed Moscow’s stance on nuclear warheads in the Middle East, and has written over the weekend on his VKontakte page, “Does Iran have nuclear weapons? We don’t know, but we know that Israel has a secret nuclear program. Well, let them both renounce such programs under the supervision of the UN Security Council and the IAEA.”
As for the ten-point critique of the brazen US heavy bombing of the Islamic Republic, Medvedev wrote on X as follows…
“What have the Americans accomplished with their nighttime strikes on three nuclear sites in Iran?” he first posed, before listing [emphasis ZH]:
1. Critical infrastructure of the nuclear fuel cycle appears to have been unaffected or sustained only minor damage.
2. The enrichment of nuclear material — and, now we can say it outright, the future production of nuclear weapons — will continue.
3. A number of countries are ready to directly supply Iran with their own nuclear warheads.
4. Israel is under attack, explosions are rocking the country, and people are panicking.
5. The US is now entangled in a new conflict, with prospects of a ground operation looming on the horizon.
6. Iran’s political regime has survived — and in all likelihood, has come out even stronger.
7. The people are rallying around the country’s spiritual leadership, including those who were previously indifferent or opposed to it.
8. Donald Trump, once hailed as ‘president of peace,’ has now pushed the US into another war.
9. The vast majority of countries around the world oppose the actions of Israel and the United States.
10. At this rate, Trump can forget about the Nobel Peace Prize — not even with how rigged it has become.
Medvedev actually finished his point #10 with a sarcastic dig at the US leader, writing “What a way to kick things off, Mr. President. Congratulations!”
This certainly complicates things in terms of Russia’s military operation in Ukraine. Moscow has long received its major supply of Shahed ‘Kamikaze’ drones from Iran, and has ongoing defense contracts and agreements, including possibly to receive mid-range missiles. Washington is ‘flexing’ in Moscow’s direction with this major long-range B-2 bomber military operation on the other side of the world.
RT is currently joining Iran’s IRNA news in greatly downplaying the US bomber raids:
However, Washington is clearly targeting Iran as part of a new ‘axis’ – which some US defense officials have previously described as consisting of Russia, Iran, and North Korea. But to some degree Trump likely went full ‘bombs away’ on Iran because it’s the weaker country among the three, and such an attack was ‘easy’ – whereas it would be impossible to attack Russia or North Korea without triggering potential nuclear war.
end
IRAN
‘This is our Berlin wall moment’: Crown Prince Reza Pahlavi calls for regime change in Iran
Reza Pahlavi lays out three principles for a democratic, secular Iran, while calling for the opposition to unite against the regime.
Reza Pahlavi, the exiled son of the last Shah of Iran, attends a press conference about the situation in Iran and the need to support Iranians, in Paris, France, June 23, 2025.(photo credit: REUTERS/Abdul Saboor)ByYUVAL BARNEAJUNE 23, 2025 15:21Updated: JUNE 23, 2025 16:09
Crown Prince Reza Pahlavi held a press conference in Paris on Monday, at which he called for regime change in Iran and announced that he would be forming an opposition front.
He condemned the Islamic Republic for its continual oppression of the Iranian people.
He warned the International community against providing the Islamic Republic with a lifeline and emphasized that only a democratic Iran would stop the growth of the nuclear program.
Pahlavi offered three core principles: Territorial integrity, Individual liberties and equality of all citizens, and Separation of religion and state.
He turned directly to Supreme Leader Ayatollah Ali Khamenei, saying, “Step down. And if you do, you will receive a fair trial and due process of law. Which is more than you have ever given any Iranian.”
He told regime officials that they, too, would face justice but that they would not repeat the mistakes of other failed transitions.
“This is our Berlin Wall moment,” he said as he recalled the painful struggle for political freedom.
Supporters of Iranian opposition group National Council of Resistance of Iran (NCRI) gather to protest against the nuclear program and the detention of EU nationals in Paris, February 8, 2025. (credit: REUTERS/GONZALO FUENTES)
Unifying opposition to the regime
Pahlavi then announced that he would be forming a channel for those dissatisfied with the regime to reach out and help expand the growing network of anti-regime activists.
“I am stepping forward to lead this national transition, not out of personal interests, but as a servant of the Iranian people,” Pahlavi said. “I have a clear plan for transition and national renewal.”
“For those patriotic members of our armed forces, the time is now to join the nation. If you do, I will make sure your service to Iran is not forgotten and is celebrated. “
He said the Iranian people would have a final say in the form of a referendum and that “This summit’s objective will be to agree on a roadmap for democratic transition and reconstruction.”
Pahlavi has already begun planning for possible economic reconstruction and recovery after the fall of the regime.
“In the coming days, my team of experts will publish the plans for the first 100 days after the collapse of the Islamic Republic based on this work. “
He finished saying, “To my compatriots: This is our moment. I am with you. Let us build this new Iran together. “
Pahlavi’s statements are not novel and have been part of Pahlavi’s approach to Iran for many decades.
He aligned himself with secular and democratic anti-regime groups despite being an heir to the Iranian throne.
Although he was Crown Prince by birth, Pahlavi repeatedly stated that he would not accept the throne except through a national referendum.
END
IRAN/USA
let us see if this will happen; I have my doubts on this!
(zerohedge)
Iranian State Sources Warn Retaliation On US Bases Coming In Next ‘Hours’
Monday, Jun 23, 2025 – 11:25 AM
Update(1125ET): Iranian state media sources are reporting that Iran is likely to attack US military facilities in the Mideast region ‘in the coming hours’.
There are an estimated 40,000 American troops throughout the whole region, including at bases and on warships in the CENTCOM area of responsibility.
On Sunday the NY Times had cited US officials to say anonymous US military and intelligence officials had detected signs that Iran-backed groups are preparing hostile action against US forces in places like Syria and Iraq. There’s also the possibility of direct Iranian ballistic missile launches on bases in Iraq, just as happened in the wake of Soleimani’s assassination during the first Trump administration.
But is this response being telegraphed or even coordinated with the US so as to avoid uncontrollable escalation? Israeli journalist Amit Segal reports:
Senior Israeli officials assess that Iran will, in one way or another, coordinate its attack on the United States — similar to how it acted following the assassination of Qassem Soleimani. This is intended to avoid an unplanned escalation and out of hope to contain the incident. Perhaps in this context come the reports suggesting that the U.S. already knows the attack will take place within the next 48 hours.
Iranian missile and drone attacks on Israel started out fierce and sustained, but have waned in the last days. Tehran is not expected to go after US assets with such intensity, fearing that Washington could launch a full war of regime change targeting the Ayatollah.
Meanwhile, the Islamic Republic continues to get pummeled by now daily and nightly Israeli airstrikes, particularly over unprotected airspace in Western Iran…
* * *
White House Press Secretary Karoline Leavitt has said in a fresh interview that the US administration is ‘confident’ that Saturday’s bombings of three key Iranian nuclear sites accomplished the job of dismantling Tehran’s alleged nuclear ambitions. She also said Trump made the decision “based on his own instincts and the US intelligence that he saw.”
“This strike on Saturday did make our homeland safer because it took away Iran’s ability to create a nuclear bomb. This is a regime that threatens ‘death to America,’ and ‘death to Israel, and they no longer have the capability to build this nuclear weapon and threaten the world,” she told ABC News on Monday morning while making media rounds.
At a moment White House officials have been trying to downplay that this is a conflict of regime change in Iran, Leavitt did say the US is seeking to “Take away the power of this incredibly violent regime.“
Fordow, Isfahan and Natanz were hit with huge bunker-buster bombs over the weekend, after which President Trump late Sunday declared on Truth Social: “Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!”
However, UN inspectors at the IAEA currently have no access to the impacted sites of Fordow, Isfahan and Natanz – and the country remains essentially a warzone, also with airspace closed- as the region braces for potential Iranian response against US bases and assets. And of course, satellites can’t assess damage underground, where the enrichment facilities and stockpiles are located.
Press Secretary on FOX: “why shouldn’t the Iranian people take away the power of this incredibly violent regime?”
Also interesting is that Leavitt repeated the US administration talking point that the intel on Iran that Trump was provided made clear that Iran was ‘weeks’ from a nuclear weapon.
It remains that once again the American people are being led into supporting another US war and quagmire in the Middle East based on ‘trust us!’ from this administration, citing vague ‘intel reports’ on WMD, which sounds suspiciously like the faulty Bush-Cheney case against Saddam Hussein.
Still, the White House official narrative remains that Trump is not seeking full regime change in Iran, and this is also how Israeli media is presenting it in recent headlines:
“The President’s posture and our military posture has not changed,” White House Press Secretary Karoline Leavitt tells reporters.
“The president was simply raising a question that I think many people around the world are asking: if the Iranian regime refuses to give up its nuclear program or engage in talks… if they refuse to engage in diplomacy moving forward, why shouldn’t the Iranian people rise up against this brutal terrorist regime?”
So we are already in the ‘Iranian people should rise up’ phase of this war.
Qatar’s foreign ministry spokesperson says no one was injured in the Iranian attack on the Al Udeid Air Base near Doha.
The base, which houses thousands of US troops was evacuated ahead of time, Majed al-Ansari says, adding that the missiles were intercepted by Qatari air defenses.
The foreign ministry spokesperson adds that Qatar condemns the attack in a lengthy English statement that was released minutes after the attack, indicating that it was prepared ahead of time.
Al-Ansari warns against continued escalation in the region, urging diplomacy to end the ongoing conflict.
END
FEEBLE RESPONSE!
Iran Fires Missiles On US Bases In Gulf, But Admits Advanced Notice Was Given
Monday, Jun 23, 2025 – 01:35 PM
Update(1335ET): NY Times is reporting that advanced notice was given, which appears confirmation that plans of the ‘retaliation’ attack were leaked beforehand and was in many ways telegraphed publicly.
“Iran coordinated the attacks on the American airbase in Qatar with Qatar officials and gave advanced notice that attacks were coming to minimize casualties, according to three Iranian officials familiar with the plans,” per the NY Times’ reporting.
War theater? Or just one big test of US-supplied anti-air defense hardware? One regional journalist and pundit writes:
So far this is looking like the response we got in 2020 in response to the killing of Qassem Soleimani. A telegraphed attack on US base that did not result in fatalities but is “face saving” for the Iranian regime.
Some are claiming missile impact on some targets, which would indeed be a very serious development. But Qatar’s Al-Arabi is saying there were no Iranian missile attacks on Iraq’s Ain al-Assad base, which hosts significant US forces.
CONFIRMED IMPACTS made at US al-Udeid airbase in Qatar — Al-Mayadeen citing IRGC
Onlookers observe impacts as smoke reportedly rises from site — Al-Quds news footage pic.twitter.com/I7nl8krTkZ
And meanwhile markets seem to be taking this all in as a bit of staged war theater…
Some odd trading behavior to say the least, seemingly indicating markets aren’t buying the ‘spectacle’ thus far…
Oil knows?
END
ISRAEL
The Moment to Act is Now: The Damage is Severe, But Our Spirits Are Strong and Resilient
Israel’s Operation Rising Lion has sent a powerful message: Israel is strong and will not wait to be attacked. But this strength comes at a steep cost.
This is the reality for families across Israel(photo credit: Courtesy)ByJERUSALEM POST STAFFJUNE 21, 2025 23:11
As Israel defends itself from an existential threat, the global Jewish community and allies worldwide have an urgent role to play. Israel’s Operation Rising Lion—a preemptive strike on Iranian nuclear and military targets—has senta powerful message: Israel is strong and will not wait to be attacked. But this strength comes at a steep cost.
Last night, this war became deeply personal for Israel Bonds President & CEO Dani Naveh when a missile struck his family’s home while his three children were inside. Miraculously, they made it to the shelter in time. The house was destroyed — but their lives were spared.
“As always, my three children ran to the shelter while my wife Tzili and I stayed with them over FaceTime. But this time it was different. Just two minutes later, we heard a deafening explosion. When my children emerged from the shelter, they found our home destroyed — part of it engulfed in flames. Thank God, they were safe. The shelter saved their lives. The damage is severe, but our spirits are strong and resilient. We will prevail,” Mr. Naveh courageously stated.
This is the reality for families across Israel.
One Iranian ballistic missile can destroy entire neighborhoods, displacing thousands. Already, considerable damage has been incurred as Israel shields its people from these devastating attacks. The human toll is heartbreaking. The economic toll is staggering.
But even in the face of on-going war since October 7 and current conflict with Iran, Israel’s economy continues to demonstrate resilience, as noted by Israel’s Accountant General Yali Rothenberg: “As reflected in economic data, the Israeli economy continues to demonstrate resilience and strength, even in the face of significant security challenges.”
Yet resilience alone isn’t enough. This is a moment that demands bold action—from all who believe in Israel’s right to live in peace and security.
“This is the moment to act by investing in Israel through Israel bonds. Every Israel bond purchased sends a message to Israel’s enemies and allies alike: Israel is not alone,” stated Mr. Naveh.
Buying an Israel bond is more than an act of solidarity—it’s a smart, stable financial investment in a democracy on the front lines of the free world.
Israel Bonds offers a wide range of fixed-income securities issued by the State of Israel, with a history of full and timely payments of principal and interest. Bonds can be used to diversify investment portfolios, held in IRAs, given as gifts, or donated to charitable organizations.
Your investment is more than financial—it’s a declaration of shared values: freedom and unwavering support for the people of Israel.
In times of great challenge, true support is measured by action. Investing in Israel bonds is a decisive way to stand with Israel—not just in word, but in commitment. Let the world see where you stand: Israel is not alone.
Development Corporation for Israel/Israel Bonds (“DCI”) is a broker-dealer that sells Israel bonds. The content in this article was prepared by DCI and the Jerusalem Post as part of a paid advertising campaign for DCI. This is not an offering which can be made only by prospectus. Read the prospectus carefully before investing to fully evaluate the risks associated with investing in Israel Bonds. Member FINRA. Israelbonds.com
END
ISRAEL
electronic weapon now in use and knocking down all drone:
The Israeli military reveals that it has intercepted dozens of Iranian drones using electronic warfare means since the beginning of the war with Iran.
Troops of the 5114th Spectrum Battalion, part of the IDF’s Computer Service Directorate, “have played a significant role in the mission to defend against unmanned aerial vehicles (UAVs) launched from Iran toward the State of Israel,” the military says.
In recent days, the IDF says the unit foiled dozens of attempts by Iran to carry out UAV attacks on Israel, using “advanced technological tools for the real-time detection and neutralization of aerial threats.”
“Their activity provides an additional layer of defense,” the IDF says.
Iran has launched more than 1,000 drones at Israel during the war, with the vast majority of them being intercepted by the Israeli Air Force and Navy. One drone hit a home in Beit She’an over the weekend.
end
ISRAEL
secret weapon now in use! New kind of jamming stops the firing of drone weapons
Rare disclosure: IDF used secret electromagnetic spectrum unit to down dozens of Iranian drones
Lt.-Col. “B.” on Monday said that the downing of dozens of Iranian drones was a critical additional layer of defense for Israel against aerial threats.
IDF 5114th Battalion Commander, Lt.-Col. B., June 23, 2025.(photo credit: SCREENSHOT/IDF SPOKESPERSON’S UNIT)ByYONAH JEREMY BOBJUNE 23, 2025 17:08
The IDF on Monday made a rare disclosure, noting that its highly secret 5114th Battalion electromagnetic spectrum unit downed dozens of Iranian drones over the last week or so.
So secret is the unit that even in those rare cases where the IDF has admitted its existence and discussed its activities, it has usually refrained from giving the kids of specifics in terms of adversaries and dates of use which it gave on Monday.
Lt.-Col. “B” on Monday said that the downing of dozens of Iranian drones was a critical additional layer of defense for Israel against aerial threats.
It has been widely reported and the Post has confirmed that Israel has certain limitations regarding interceptors for shooting down enemy drones and missiles, such that using other methods, like the 5114th Battalion, can also help Israel conserve interceptors from a strategic perspective.
Another unique aspect of the unit is that it is jointly operated by a mix of the IDF Communications Command along with the Intelligence and Cyber Defense Directorate, which often get more public attention.
https://player.jpost.com/public/player.html?player=jpost&media=3915369&url=www.jpost.comThe IDF’s Spectrum Warfare Center’s 5114th Battalion Commander, Lt.-Col. B discusses the unit’s work against Iranian drones, June 23, 2025. (credit: IDF SPOKESPERSON’S UNIT)In June 2023, The Jerusalem Post was given a rare inside look into 5114th Battalion, noting an unnamed enemy who had tried to fire on Israeli forces, but could not because they were jammed by Israeli electromagnetic spectrum efforts.
In that instance, the enemy was about to aim and fire a precise form of weaponry at IDF forces in the field when suddenly the IDF could hear the enemy forces asking themselves, “Why aren’t we shooting? Why aren’t we shooting?”
The Post learned that in that still mostly classified instance in which the IDF’s electromagnetic spectrum warfare center was used to disable the enemy force’s ability to function, neither the enemy forces nor the IDF forces who were saved had a clue what had transpired.
To act without glory
This is part of the frustration of being part of this elite classified force, its motto is to act without receiving any glory.
Yet, with the unit taking a higher profile role in a summer 2023 two-week-long multi-front drill “Crushing Punch,” Capt. “Y.” from the unit granted a rare interview to the Post.
The unit carries out a variety of activities, but new kinds of direct jamming or confounding enemies’ communications are certainly key aspects.
While both the offensive and defensive capacities of the unit are growing, the offensive capacities are growing at an even faster rate, Y. told the Post in June 2023.
According to Y., “The purpose of the unit is to enable total control over the electromagnetic spectrum, which allows much freer action by the IDF’s various forces in the field.”
“Conceptually, the IDF has recognized that technological advances impact everything. It happens even in the civilian sector where a tractor also works on GPS using a computerized device,” he said.
For example, he said that someone could be traveling and suddenly their radio may pick up the wrong channel and this could interfere with their ability to receive orders and updates from their commander – that is unless the unit helps protect their communications and quickly resolve any disruptions.
During “Crushing Punch,” Y. said the unit “delivered significant results for the IDF’s broader goals, taking control of the electromagnetic spectrum at both strategic and tactical levels.”
According to Y., feedback from soldiers who participated in that 2023 drill was “that they feel a conceptual paradigm shift has occurred,” providing them with new decisive tools in warfare.
“If in the past, discussion about the electromagnetic warfare desk was mostly confined to within the unit, now a broad range of top commanders initiate discussions and planning sessions related to the issues on their own,” said Y.
Y. said the IDF recognizes that our “enemies are always advancing [in electronic warfare as well], but the IDF knows how to handle such threats. We are ready for any scenario. The challenges loom large, but we have the personnel who can make [sense] order out of everything.”
SYRIA
The world must get rid of this ideology: 15 reported dead in an ISIS suicide bombing in Damascus church
At least 15 reported dead in ISIS suicide bombing in Damascus church
A priest reacts as people and rescuers inspect the damage at the site of a reported suicide attack at the Saint Elias church in Damascus’ Dweila area on June 22, 2025. (LOUAI BESHARA / AFP)
At least 15 people were killed when a suicide bomber blew himself up at the Mar Elias Church in the Dweila neighborhood of Syria’s capital Damascus, security sources say.
The incident marks the first suicide bombing inside Damascus since Bashar al-Assad was toppled by an Islamist-led rebel insurgency in December.
Syria’s interior ministry says the suicide bomber was a member of the Islamic State. He entered the church, opened fire, and then detonated his explosive vest, the ministry adds in a statement.
A security source, speaking on condition of anonymity, says two men were involved in the attack, including the one who blew himself up.
A livestream from the site by Syria’s civil defense, the White Helmets, shows scenes of destruction from within the church, including a bloodied floor and shattered church pews and masonry.
RUSSIA VS UKRAINE/sunday
Putin Says ‘All Of Ukraine Is Ours’ In Theory, Raises Possible Sumy Takeover
Saturday, Jun 21, 2025 – 09:55 AM
While much of global diplomacy as well as media coverage is currently focused on the now over week-long aerial war over the Middle East between Iran and Israel, President Vladimir Putin issued important remarks on the future of the ‘special military operation’ in Ukraine before the annual St Petersburg International Economic Forum.
He said in the Friday speech he does not “rule out” his forces taking control of Ukraine’s northeastern city of Sumy amid the military initiative of creating a buffer zone along the border.
“We have no objective to take Sumy, but in principle I do not rule it out… They pose a constant threat to us, constantly shelling the border areas,” Putin told the audience.
Starting in late May, Russian forces took control of the border villages of Novenke, Zhuravka, Veselivka, and Basivka, Hryhorov just inside Sumy Oblast as part of work on the buffer zone.
As for the city of Sumy, it lies just 18 lies from the Russian border and has suffered from intermittent aerial attacks and shelling since the war’s start.
Putin has also raised eyebrows in the West due to his speech when he said, “I consider Russians and Ukrainians to be one people. In that sense, all of Ukraine is ours,” he said, and added: “There is a saying: wherever a Russian soldier sets foot, that is ours.”
This is being taken in the West as more confirmation that the US-backed peace process is struggling and barely alive, given neither side is in the mood to compromise.
Currently Russian troops are up to 12km inside Sumy Oblast, putting them very close to the administrative capital of the oblast by the same name. German publication DW reviews:
Sumy, though not among the five Ukrainian regions Moscow claims to have annexed — Donetsk, Luhansk, Kherson, Zaporizhzhia, and Crimea — has been a frequent target of Russian attacks.
It also served as a launching point for a Ukrainian counteroffensive into Russia’s western Kursk region last August, during which Kyiv’s forces briefly captured dozens of settlements before being pushed back by Russian troops — bolstered by thousands of North Korean soldiers, according to reports.
Russian forces have also most recently pushed beyond the western border of Donetsk and into the Dnepropetrovsk Region, again which also part of the push establish a “buffer zone” on the front line.
Russian media says troops advancing in Sumy, destroying NATO gear:
🚨🇷🇺RUSSIA EXPANDS BUFFER ZONE IN SUMY
Russian stormtroopers just wiped out a Ukrainian armored group packed with NATO gear. pic.twitter.com/p5VrCLY0pX
April, May, and early June have seen thousands of drones launched from Ukraine onto Russia’s southern oblasts, with some drones targeting as far as Moscow, which has resulted in commercial flight stoppages at several area airports. Ukraine’s ‘Operation Spider’s Web’ did the most damage among these attacks, targeting airfields hosting parked heavy bombers.
The timing of Putin’s buffer zone plan was very significant, given that President Trump is increasingly being perceived as ‘stepping back’ from pursuit of a final peace settlement, perhaps content to ‘let them fight it out’.
RUSSIA/UKRAINE MONDAY
Russia is having trouble winning a non nuclear war with Ukraine as Ukraine bombards Moscow airports with drones
(zerohedge)
Ukraine Seeks To Cripple Moscow’s Airports, Make Russians ‘Pay’, With Drone Swarms
Friday, May 23, 2025 – 09:05 AM
A third consecutive night of air attacks across Russia and Crimea saw the Russian military intercept more than 100 drones sent from Ukraine, Russia’s Defense Ministry said early Friday.
The ministry cited that inbound drone action was seen in the skies of Kursk, Oryol, Tula, Bryansk, Ryazan, Belgorod, Ivanovo, Vladimir, Voronezh and Lipetsk. Dozens were intercepted over many of these territories.
While no fatalities from these overnight attacks emerged, the regional governor of Lipetsk oblast, which lies south of Moscow, said eight bystanders were injured by falling debris after drones were intercepted.
In that instance, the UAVs appeared to be targeting a battery manufacturing facility used by the Russian military. Ukraine has senthundreds of drones this week against military-industrial bases as well as cities, villages, and residential neighborhoods – even airports.
The Russian Defense Ministry has said485 Ukrainian drones were intercepted over the past three days, from Monday through Thursday. At least 60 have been downed over Moscow oblast.
Ukraine officials are touting that the new drone strategy is focused on swarming Russia with kamikaze drones in order to destabilize the country by crippling infrastructure and weaking government control, with a focus on airport and travel disruptions.
Already the past week has seen suspension of flights across four major Moscow airports, and at hubs elsewhere in the country. Ukrainian media reports the following:
Ukrainian drones have forced at least 217 temporary airport closures across Russia since Jan. 1, independent Russian outlet Novaya Gazeta Europe reported on May 14, citing data from Russia’s state aviation agency Rosaviatsia.
The figure already surpasses the combined total for all of 2023 and 2024, underscoring Kyiv’s growing ability to put pressure on Russia, even in areas far from the border with Ukraine.
According to Serhii Bratchuk, spokesperson for the Ukrainian Defense Army’s Southern Division, the surge in disruptions reflects a strategic shift in Ukraine’s drone campaign.
Bratchuk described that“Moscow is the biggest aviation hub in the Russian Federation — flights go everywhere, not only across Russia, but worldwide,” he told the Kyiv Independent.
“This is about the potential disintegration of Russian regions and the weakening of internal control,” he laid out. “Aviation is not a cheap industry, and losses are incurred — by airports, by airlines — and it also has a psychological effect on passengers and cargo clients.”
The Ukrainian military spokesman continued, “These disruptions are not accidental. They are part of a pressure campaign against logistics, air defense systems, and public morale.”
Ukrainian drones attacked the famous Russian "Patriot Park" located in Kubinka near Moscow.
The "Patriot Park" is a complex themed around Russian military equipment and the Soviet Union's victory in World War II. It's the biggest facility of its kind in Russia. pic.twitter.com/YxYiP31pSj
“The Russian population has to pay for this war,” the official emphasized. “Sleeping in tents at the airport is not the highest price, but it does affect morale.”
But President Putin has responded this week by ordering the Russian Army to begin establishing a buffer zone along the border and inside Ukraine, which looks to including Russia’s military expanding into Sumy and other areas. At this point the prospect of US-sponsored peace settlement looks far away in terms of being a practical achievable reality.
END
RUSSIA/IRAN
Russia gives lip service to Iran
(zerohedge0
Russia Ready To Help Iran, Says Has ‘Every Right’ To Nuclear Energy Program
Monday, Jun 23, 2025 – 01:40 PM
The Kremlin has announced Monday that Russia stands ready to help Iran in its ongoing conflict with Israel and the United States in the Middle East, based on specific requests.
Such assistance “all depends on what Iran needs,” presidential spokesman Dmitry Peskov explained, as quoted in TASS. “We have offered our mediation efforts. This is concrete. We have stated our position, which is also a very important form of support for the Iranian side.”
“Going forward, everything will depend on what Iran needs at this moment,” Peskov continued, while Iranian Foreign Minister Abbas Araghchi is currently in Moscow, preparing to meet with President Vladimir Putin.
“Just today, the Iranian Foreign Minister [Abbas Araghchi] will meet with Russian President Vladimir Putin, where they will be able to exchange views in the wake of this traumatic escalation,” Peskov stated. That’s when he made clear, “And, in fact, the Iranian side will be able to inform us about its proposals and its vision of the current situation.”
It is highly unlikely that Moscow would actually give any level of direct military assistance, but it could possibly come in the form of safety, containment, or logistical help at now damaged nuclear facilities, following American forces’ weekend bombings of three key sites.
Earlier in the week, the deputy chairman of Russia’s Security Council Dmitry Medvedev said that a ‘number of countries’ are now ready to supply Iran with ‘their own nuclear warheads’ – but this is typical of the former Russian president’s hyperbole and bravado aimed at the West.
Also on Monday, spokesperson for the Russian Foreign Ministry Maria Zakharova explained Moscow’s view that Iran has the right to use nuclear technology for peaceful purposes, like any other country.
In reference to something that US Vice President JD Vance previously said about Russia and China not wanting Iran to develop nuclear weapons, she said, “First, Russia and China do not want the United States to interfere in their internal affairs in any form. And anyone making statements on behalf of, but not on behalf of, our two countries would do well to start with this.”
“For example, not to supply the Kyiv terrorist regime with deadly missiles, not to militarize Taiwan, etc. Secondly, Russia and China speak for themselves: the corresponding statements about the aggression of Israel and the United States were published by the Foreign Ministries of both countries,” she continued.
“Thirdly, Russia and China believe that Iran (like any other country) can and should determine its own strategy for the development of nuclear energy in accordance with international law, in particular the NPT, and other states can also base their attitude towards this on an international legal basis.”
And then, Zakharova said, “Fourthly, Iran created peaceful nuclear energy, which it has every right to do, and did not create nuclear weapons, which has been repeatedly confirmed by both Tehran itself and the IAEA.”
Fifth, a little history. Perhaps the very first time the idea of a nuclear-weapon-free Middle East was voiced was in a statement by the Telegraph Agency of the Soviet Union, then the official voice of Moscow, on January 22, 1958: “The Near and Middle East should and can become a zone of peace where there are not and should not be nuclear and missile weapons, a zone of good neighborliness and friendly cooperation between states.” In 1974, the same Iran that is now under attack from Israel and the United States initiated a discussion of this topic at the UN General Assembly, which ended with the adoption of a resolution on the “Establishment of a Nuclear-Weapon-Free Zone in the Middle East.” 128 countries voted “for,” including the Soviet Union and the United States. Israel abstained from voting. The USSR/Russia systematically advocated the creation of a nuclear-weapon-free zone in the Middle East.
Iranian state media was quick to pick up these latest statements as Russia is standing with a regional ally with which it has had increased defense and trade ties, particularly since the start of the Ukraine war.
Ukraine and much of the West, meanwhile, see both Iran and North Korea as ‘rogue states’ who are helping fuel Putin’s war against Ukraine, and these have come under ratcheting US-led sanctions alongside Moscow.
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
PAY ATTENTION TO THIS: RAZOR THROAT VIRUS HITTING USA
(epochTimes)
COVID ‘Razor Throat’ Variant Now Found In 15 US States: Here’s What We Know
The COVID-19 variant that has driven a rise in cases in mainland China is now detected in more than a dozen U.S. states, according to data released by a private tracking firm.
Earlier in the week, Chinese doctors predicted a peak of nationwide COVID-19 cases in July as the latest data released by Chinese health authorities show that variant NB 1.8.1 is still the main pathogen causing the rapid increase in COVID-19 infections in the country.
An internal university research report at China’s Peking University stated that NB.1.8.1 may become the next dominant global strain, with symptoms including a sharp sore throat, fever, runny nose, vomiting, and diarrhea, according to previous Epoch Times reporting.
Where the New Strain Has Been Reported
As of June 19, the NB.1.8.1 strain has been detected in at least 15 states, according to a map of data posted by the Global Initiative on Sharing All Influenza Data database.
States reporting the variant, which has been dubbed “Nimbus” in some media reports, include Arizona, California, Colorado, New Jersey, New York, Hawaii, Illinois, Maryland, Massachusetts, Ohio, Rhode Island, Utah, Vermont, Virginia, and Washington state, the Global Initiative on Sharing All Influenza Data shows.
Data released last week by the Centers for Disease Control and Prevention estimates that NB.1.8.1 makes up 37 percent of all cases, while a previous update from the CDC showed the variant wasn’t even being tracked. As of the latest update, NB.1.8.1 is No. 2 behind LP.8.1, according to the CDC.
In a statement to The Epoch Times in May, a CDC spokesperson said that it “is aware of reported cases of COVID-19 NB.1.8.1 in China and is in regular contact with international partners.”
The Epoch Times contacted the agency on Thursday for additional comment.
Not More Severe Than Other Variants
The rise in cases is primarily in the eastern Mediterranean, Southeast Asia, and western Pacific regions, the World Health Organization said in its latest update on May 28. The new variant had reached nearly 11 percent of sequenced samples reported globally in mid-May.
The WHO said some Western Pacific countries have reported increases in COVID-19 cases and hospitalizations, but there’s nothing so far to suggest that the disease associated with the new variant is more severe compared to other variants.
“Following lower circulation in the first ten weeks of the year, a sharp upwards trend reached similar levels as last year. … The recent increases have been observed in four countries and areas to date: Cambodia, China, Hong Kong [Special Administrative Region], and Singapore,” it said.
‘Razor Blade’ Sore Throats Reported
Previous reports from The Epoch Times, citing Chinese doctors and outside health experts, have said that patients are reporting a sharp sore that’s been dubbed the “razor blade throat” or “razor throat.”
Some media outlets, including The Associated Press as well as international media reports from the UK and India, have used the “razor throat” moniker to describe the NB.1.8.1 variant.
Other symptoms described by Chinese doctors to The Epoch Times last month include fever, headaches, fatigue, and coughing, consistent with other COVID-19 infections since the virus spread worldwide in 2020.
Due to the Chinese Communist Party’s (CCP) longstanding practices of covering up information and publishing unreliable data, including underreporting COVID-19 infections and related deaths since 2020, information provided by local doctors and health workers can offer valuable information for understanding the situation on the ground in the totalitarian country.
Some Officials Say COVID-19 Vaccine Effective
The WHO has designated it as a “variant under monitoring” and considers the public health risk low at the global level, while “currently approved COVID-19 vaccines are expected to remain effective to this variant against symptomatic and severe disease.”
It comes as U.S. Health Secretary Robert F. Kennedy Jr. announced last month that COVID-19 shots are no longer recommended for healthy children and pregnant women.
The Associated Press and Alex Wu contributed to this report.
MARK CRISPIN MILLER
DR PAUL ALEXANDER
Pakistan will not risk giving a nuclear bomb to Iran as India will attack and this may start WWiii
Can nations like Pakistan give Iran nuclear bombs? Or Russia? And in the end the NOBEL prize for peace is non-sensical though I can see Trump a strong contender, ONLY? but if Obama got one and Arafat
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
‘The Government of Pakistan has condemned the United States’ strikes on Iran’s nuclear facilities, expressing fear of “possible further escalation of tensions in the region.”
Pakistan is estimated to have approximately 170 nuclear warheads in its arsenal and is not a member of the Nuclear Non-Proliferation Treaty, an international agreement which aims to prevent the use of nuclear weapons. According to the Center for Arms Control and Non-Proliferation, “Pakistan has not declared a No First Use policy.”’
‘The Ninth Circuit Court of Appeals on Thursday evening indefinitely blocked a judge’s restraining order, allowing President Trump to keep the California National Guard deployed.
The three-judge panel included: Mark Bennet (Trump), Eric Miller (Trump) and Jennifer Sung (Biden).
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.
Last Thursday, a federal judge in San Francisco ordered President Trump to return control of the National Guard back to California.
Last week about 700 US Marines were mobilized in response to the violent Los Angeles riots.
This is after Trump deputized 4,000 National Guard Troops to help quell the riots.
California’s far-left Governor Gavin Newsom sued President Trump and said he violated the 10th Amendment to the Constitution.
US District Judge Charles Breyer, (brother of retired SCOTUS Breyer), a Clinton appointee, previously granted Newsom a Temporary Restraining Order (TRO) and said Trump’s decision to federalize the National Guard was illegal. Judge Breyer called President Trump’s actions “illegal” in a 36-page order.
“At this early stage of the proceedings, the Court must determine whether the President followed the congressionally mandated procedure for his actions. He did not. His actions were illegal — both exceeding the scope of his statutory authority and violating the Tenth Amendment to the United States Constitution. He must therefore return control of the California National Guard to the Governor of the State of California forthwith,” the judge wrote.
The Trump Administration appealed Judge Breyer’s decision to the Ninth Circuit Court of Appeals last week.
The Ninth Circuit immediately sided with Trump and granted a temporary administrative stay pending their adjudication of the Trump DOJ’s motion for a stay.
“We now grant the stay. Defendants have made the required strong showing that they are likely to succeed on the merits of their appeal. We disagree with Defendants’ primary argument that the President’s decision to federalize members of the California National Guard under 10 U.S.C. § 12406 is completely insulated from judicial review. Nonetheless, we are persuaded that, under longstanding precedent interpreting the statutory predecessor to § 12406, our review of that decision must be highly deferential. Affording the President that deference, we conclude that it is likely that the President lawfully exercised his statutory authority under § 12406(3), which authorizes federalization of the National Guard when “the President is unable with the regular forces to execute the laws of the United States.”” the judges wrote.’
‘It is unclear what Newsom will do next given a Biden appointee on the three-judge panel ruled against him.
President Trump celebrated the win on Thursday evening.
“BIG WIN in the Ninth Circuit Court of Appeals on the President’s core power to call in the National Guard! The Judges obviously realized that Gavin Newscum is incompetent and ill prepared, but this is much bigger than Gavin, because all over the United States, if our Cities, and our people, need protection, we are the ones to give it to them should State and Local Police be unable, for whatever reason, to get the job done. This is a Great Decision for our Country, and we will continue to protect and defend Law abiding Americans. Congratulations to the Ninth Circuit, America is proud of you tonight!” Trump said on Truth Social.’
Leavitt Destroys Dem Firebrand With Brutal One-Liner Over Trump Supporters RemarkWhite House press secretary Karoline Leavitt delivered a sharply ironic response this week to controversial remarks from freshman Rep. Jasmine Crockett (D-TX), who labeled Trump supporters as “mentally ill.”Asked about the remark during a press briefing on Thursday, Leavitt replied, “She is a rising star … I hope that she continues to be, for the Republican Party at least.”She also …READ MORE
Trump Unleashes Low-Key Plan to Heal MAGA RiftAs Israeli strikes on Iran dominate headlines, President Donald Trump is reportedly working to heal divisions within his MAGA base by bringing together his most vocal and influential supporters.With his base split over the possibility of U.S. involvement in the conflict, Trump has begun pursuing this effort to restore unity before making any military decision.This week, the president’s loudest critics …READ MORE
Judge Hannah Dugan’s trial for obstructing ICE is off the calendar as court possibly rules on motion to dismiss caseMilwaukee County Judge Hannah Dugan’s trial, Dugan was indicted for allegedly obstructing a ICE immigration arrest, has been temporarily removed from the court calendar. A federal judge will first review Dugan’s motion to dismiss the case entirely. Dugan, who faces two federal charges, is accused of helping an illegal immigrant evade arrest by U.S. Immigration and Customs Enforcement (ICE) agents. …READ MORE
Dems Trolled as New Video Sets X AblazeA growing conversation about political composure and public behavior has been reignited online after a viral social media video appeared to highlight the contrasting emotional reactions of left-leaning public figures with the steadfast image of President Donald Trump in a life-threatening moment.The compilation, shared widely on X by the MAZE account, places scenes of Democratic men reacting emotionally during various …READ MORE
Whoopi Goldberg Torched by Iranian Americans After Outlandish On-Air ClaimIranian dissidents and human rights advocates have strongly condemned Whoopi Goldberg’s recent comments comparing the experiences of black Americans to life under Iran’s strict theocratic regime. The remarks, made during a tense debate on ABC’s “The View,” sparked immediate backlash from members of the Iranian diaspora, who said Goldberg’s comparison disregards the harsh realities endured daily by millions living under the …READ MORE
NEWSWIZE
LATEST REPORTS FOR NEWS JUNKIES
Starbucks Announces ‘MAHA’ Changes to Menu After Meeting with RFK Jr.US Health Secretary Robert F. Kennedy Jr. said on Wednesday that Starbucks has agreed to align its menu with the Trump administration’s “Make America Healthy Again” initiatives, which aim to address the root causes of childhood chronic disease stemming from the nation’s food supply.Kennedy announced in a post on X that he met with Starbucks CEO Brian Niccol on Tuesday, …READ THE FULL REPORT
Trump Responds to Report That He Has Approved Iran Attack PlansPresident Donald Trump has responded to a report claiming that after acting mainly as a supporting player in Israel’s war with Iran, the United States could be moving toward center stage.The Wall Street Journal reported Wednesday that Trump has approved of attack plans on the Islamic Republic but is withholding a final green light to see if Tehran’s leaders are …READ THE FULL REPORT
Illegal Alien Charged with Attempted Murder After Attacking Trump Attorney with KnifeAn armed migrant allegedly chased down U.S. Attorney John A. Sarcone III outside a hotel in Albany, New York, on Tuesday, in what prosecutors are calling a murder attempt.According to reports, the attacker allegedly walked up to Sarcone, a Trump appointee, began yelling in Spanish, then pulled out a knife and threatened the official, the Albany Times Union reported.Sarcone reportedly …READ THE FULL REPORT
Dem Senator Gets Called Out for Lying About What Pete Hegseth Told Her During HearingSen. Mazie Hirono, a Hawaii Democrat, was slapped down by a Department of Defense social media post Wednesday after she misrepresented what Defense Secretary Pete Hegseth told the Senate Armed Services Committee about obeying court orders.Hirono was questioning Hegseth about the recent riots in Los Angeles and attempted to paint him into a corner, offering only partisan hypothetical questions intended …READ THE FULL REPORT
Trump Tears Into Fox News Over ‘Crooked’ and ‘Always Wrong’ PollsPresident Donald Trump has declared that “MAGA hates Fox News” for the network’s “always wrong” and “crooked” polls.Trump fired off two posts blasting Rupert Murdoch’s media empire on his social media platform, Truth Social, on Thursday morning.The president wrote, “The Crooked FoxNews Polls got the Election WRONG, I won by much more than they said I would, and have been …READ THE FULL REPORT
MIKE EVERY/OR PICTON OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
Rabo: Even If Iran Does Not Close Hormuz, Insurance Costs Will Soar Pushing Oil Prices Higher
MIKE EVERY/OR PICTON OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
Rabo: Even If Iran Does Not Close Hormuz, Insurance Costs Will Soar Pushing Oil Prices Higher
by Tyler Durden
Monday, Jun 23, 2025 – 11:05 AM
By Michael Every and Benjamin Picton of Rabobank
The world didn’t have to wait long for Donald Trump to make up his mind over bombing Iran’s nuclear facilities. Trump last week suggested that he would make a decision “within the next two weeks”, but that appears to have been a case of misdirection with a mission already in train to strike Fordo, Natanz and Esfahan.
Seven B-2 Spirit bombers deployed from Missouri dropped fourteen 30,000lb bunker buster bombs (the world’s most powerful non-nuclear weapons) on Fordo and Natanz, while a guided missile submarine hit the Esfahan facility with dozens of Tomahawk missiles. Trump, Hegseth and the Chairman of the Joint Chiefs have said that the strikes were an overwhelming success, “obliterating” the Iran’s nuclear program.
Markets are, predictably, in risk-off mode this morning as traders contemplate what comes next, but given the gravity of the event the moves are perhaps surprisingly small.
Brent crude rallied up as far as $81.40/bbl in early trade, but has fallen back below the $80/bbl level at time of writing. The Dollar is again burnishing its credentials as a safe-haven asset with the DXY index up 0.32% to 99.05, equity futures are pointing negative, Bitcoin is lower, sovereign curves are steepening and European gasoil futures are up a little more than 4.5% as markets again judge that Europe stands to be a loser on the energy front.
Interestingly, spot gold has reversed earlier gains to be down $14/oz at time of writing following news that Iran has been liquidating reserves in a dash for liquidity. Keep an eye on the SOFR fix.
Global Strategist Michael Every, writes
“While the U.S. may now prefer to reopen negotiations with Iran, the latter is in no mood to do so.
Iran’s parliament has voted to close the Strait of Hormuz in retaliation for the U.S. strike on its nuclear programme, with the final decision resting with their national security council.
This would be unprecedented; economically ruinous for them; and for the world; almost impossible for them to do, as is; would ensure almost everyone who can would confront them to reopen the Strait; but… it’s likely to see war insurance risk soar, and therefore push oil & LNG prices far higher.
All the usual “rational” market voices are saying Iran won’t do it when they are a regime that in the past specialised in suicide bombings and are here threatening an economic suicide bomb.
And as U.S. Secretary of State Rubio said: “I would urge the Chinese government in Beijing to pick up the phone and talk to them. China relies heavily on oil that passes through the Strait of Hormuz. If Iran takes that step, it would be a serious mistake and a massive escalation,” who could last out a 30-day (for example) de facto closure of Hormuz better? Those with strategic reserves, like China, or those with much less, like Europe?
Russia is also threatening “some countries” could send Iran nuclear weapons. It’s a short short-list, and Russia and Iran will meet today – will this be on the agenda? Again, it seems unlikely as it would be unprecedented and could potentially even take us to the edge of a new Cuban Missile Crisis – but fat tail risks are evident.
So, how this all ends is still very much in the balance: regional peace — as Israel says 90% of Iran’s enriched uranium was destroyed, it could stand down if Iran does, and the door has been opened to more Abraham Accords deals — or a wider war
Ridiculously, ahead of this week’s key NATO summit, Spain claims it’s secured an opt-out from spending 5% of GDP on defence. How? Who else will claim the same because shifting spending priorities or borrowing or trading more “is unreasonable”? And this is just as Spain is shown as vulnerable to a closure of Hormuz as anyone else – and yet won’t be able to contribute much to either this or any future geopolitical crisis if it doesn’t spend more. What will the political ramifications then be?
This is also just after the FT ran an op-ed from an Eurocrat arguing Europe now has the chance to build itself in its own image thanks to Trump’s hardball politics. Yes, all Europe has to do is build: a true single market; a capital market; a military; energy independence with no energy; its own tech firms; and globalise the Euro and get its own markets off the dollar – in a contested world where others would rather Europe fail than succeed; as
The Telegraph talks of how the “naive” U.K. government thinks its domestic levers of power still work, but don’t, let alone the international ones.””
With so many moving parts and the sense of more shoes to drop in central Asia, it’s likely to be a volatile week ahead. All eyes will be trained on the Middle East for signs of Iranian strikes on US regional bases, or any attempts to impede energy flows through Hormuz.
7.OIL AND NATURAL GAS//GLOBAL/ENERGY/
WIDESPREAD JAMMING IN THE STRAIT OF HORMUZ
(ZEROHEDGE)
Widespread GPS Jamming Across Strait Of Hormuz; Six Supertankers Perform Abrupt U-Turns
Monday, Jun 23, 2025 – 12:55 PM
Update (1255ET):
Earlier reports confirmed that six supertankers abruptly reversed course in the Strait of Hormuz.
Now, new alerts indicate Iranian missiles have been spotted over Doha.
This brings us to GPSJam—a site that publishes daily heat maps of GPS/GNSS disruptions impacting aircraft—which now shows widespread “high-interference” GPS jamming across the critical maritime chokepoint. This suggests further disruptions to maritime navigation in the waterway.
* * *
Update (1119ET):
The clock is ticking as Iran vows retaliation.
Iranian military officials and members of parliament warned that the U.S. will face severe consequences for its stealth bomber strikes on three of its nuclear facilities. While the exact nature of Iran’s response remains uncertain, traders and analysts are hyper-focused on the potential for a partial—or even full—closure of the critical Strait of Hormuz, a maritime chokepoint that handles 20% of global energy flows.
With Iranian retaliation strikes appearing imminent, supertankers navigating the narrow, critical waterway are increasingly making U-turns to avoid potential missile or drone attacks. The number of U-turns of supertankers has now ticked up to six.
Supertankers have performed U-turns in the Strait of Hormuz amid uncertainty over how Iran will retaliate against U.S. strikes on its nuclear sites.
Six of the giant vessels, some capable of carrying 2m barrels of crude, turned back after entering the crucial trade route over the last 24 hours, according to vessel tracking data from MarineTraffic.
Three of the ships – named the Coswisdom Lake, South Loyalty and Damsgaard – eventually made second U-turns and headed through the Strait today.
It comes after Greece’s shipping ministry warned on Sunday that the country’s owners should think twice about using the route.
Meanwhile two large Japanese shipping companies said they will cut exposure to the strait, where a fifth of the world’s oil and gas supplies pass through.
In energy markets, Goldman analysts laid out two scenarios:
If only Iran supply were to drop by 1.75mb/d, they estimate that Brent would peak of around $90, with a decline back to the $60s in 2026;
If oil flows through the Strait of Hormuz were to drop by 50% for one month and then were to remain down 10% for another 11 months, they estimate that Brent would briefly jump to a peak of around $110.
The analysts also noted:
They also expect European natural gas and LNG markets to price a somewhat higher probability of a large supply disruption. A hypothetical sustained and very large disruption of energy supply transit through the Strait of Hormuz, would likely push oil and European natural gas prices above $110/bbl and 100 EUR/MWh, respectively, given the nearly 20% disruption to global energy supplies.
Two supertankers—Coswisdom Lake and South Loyalty—each capable of carrying 2 million barrels of crude, abruptly altered course in the Strait of Hormuz over the weekend after U.S. stealth bomber strikes on Iran’s nuclear facilities.
The Coswisdom Lake and South Loyalty both entered the waterway and abruptly changed course on Sunday, according to vessel tracking data compiled by Bloomberg. The first of the two carriers then did a second U-turn and is now going back through Hormuz. The other one remains outside of the Persian Gulf, according to its signals on Monday. –Bloomberg
On Sunday, Iranian state-owned outlet Press TV quoted Major General Kowsari, a senior member of the Iranian Parliament’s National Security Commission, as stating:
“Parliament has reached the conclusion that the Strait of Hormuz should be closed, but the final decision in this regard lies with the Supreme National Security Council.”
RBC Capital Markets analysts, led by Helima Croft, believe Iran doesn’t need to close the critical maritime chokepoint to disrupt global oil transport. Instead, Tehran could use targeted strikes on individual tankers or key infrastructure—such as the port of Fujairah—to destabilize the vital waterway.
Croft and her team note:
Iran could have already inflicted major damage but hasn’t, suggesting strategic restraint—so far.
Even limited actions could prompt shippers to avoid the region, especially in the current high-risk environment.
If Iran’s leadership feels its survival is threatened, it may mobilize allied groups in Iraq and Yemen, further escalating threats to regional energy assets.
RBC warns it may take days or weeks to gauge Tehran’s true response and cautions against assuming the danger has passed.
In the overnight, Brent crude futures reversed sharply—now trading around Friday’s close and down 6% or so from intraday highs. UBS Research warned that the real left-tail risk remains a Strait of Hormuz closure, which would trigger a disruption larger than the 2022 Russian supply shock and could send prices soaring above $120.
“Iran’s asymmetric response is possible…limited yet impactful (partial disruption in Hormuz/Red Sea plausible, though full closure unlikely),” Goldman analyst Giulio Esposito noted on Monday.
Keep in mind that any closure—partial or full—of the Strait of Hormuz would impact Asian importers, such as China, India, Japan, South Korea, and Singapore, as well as parts of Europe, the most. The U.S. is comparatively less exposed, thanks to shale production and Strategic Petroleum Reserve. The real question is—will Asia stand by and allow Tehran to shutter the waterway?
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1463 DOWN 0.0005 PTS OR 50 BASIS POINTS
USA/ YEN 147.97 UP 1.987 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 1.3378 DOWN .0057 OR 57 BASIS PTS
USA/CAN DOLLAR: 1.3790 UP 0.0019 (CDN DOLLAR DOWN 19 BASIS PTS)
Last night Shanghai COMPOSITE UP 21.69 PTS OR 0.65%
Hang Seng CLOSED UP 158.67 PTS OR 0.67%
AUSTRALIA CLOSED DOWN .41%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 158.67 PTS OR 0.67%
/SHANGHAI CLOSED UP 21.69 PTS OR 0.65%
AUSTRALIA BOURSE CLOSED DOWN 0.41 %
(Nikkei (Japan) CLOSED DOWN 49.13 PTS OR 0.13%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 3367.95
silver:$36.13
USA dollar index early MONDAY morning: 98.95 UP 68 BASIS POINTS FROM FRIDAY’s CLOSE
MONDAY MORNING NUMBERS ENDS
And now your closing MONDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.016% DOWN 2 in basis point(s) yield
JAPANESE BOND YIELD: +1.412% UP 0 FULL POINTS AND 50/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.200 DOWN 2 in basis points yield
ITALIAN 10 YR BOND YIELD 3.517 DOWN 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.5090 DOWN 2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1493 DOWN 0.0019 OR 19 basis points
USA/Japan: 147.15 UP 1.174 OR YEN IS DOWN 117 BASIS PTS//
Great Britain 10 YR RATE 4.5100 DOWN 2 BASIS POINTS //
Canadian dollar DOWN .0037 OR 37 BASIS pts to 1.3757
Oil Crashes, Stocks Soar On ‘Scripted’ Iranian Retaliation; Gold & Crypto Jump As Dollar Dumps
Monday, Jun 23, 2025 – 08:00 PM
Some fascinating price action today as stocks surged and oil dumped after Iran retaliated with strikes on US bases in Iraq and Qatar. It seems clear that traders are simply looking through today’s actions as ‘theater’ (the bases were warned beforehand) that actually is de-escalating the situation and CNN reported that “TRUMP DOESN’T WANT MORE MILITARY ENGAGEMENT IN MIDEAST“.
Stocks kneejerked lower at the Sunday night futures open, but recovered into the European open. After a drop during the European session, all the majors surged from the US cash open, as oil prices fell and the world seemed oddly complacent that ‘mission accomplished’ had ended it. Then Qatar closed its airspace and China warned of imminent attacks by Iran on US bases and stocks tanked… which then occurred in Iraq and Qatar.
Interestingly, after the initial panic puke, stocks roared back higher and oil prices tanked as it appears the market is calling Iran’s bluff here and basically saying this is all theater…
Oil prices plunged over 13% from the opening highs – a day like no other – erasing all of the gains since Iran launched its first missiles…
Source: Bloomberg
Energy stocks were clubbed like a baby seal as oil prices plunged…
Source: Bloomberg
TSLA helped dragged the Mag7 into the green for the day with a big gain following its Robotaxi launch…
HIMS was slammed after its GLP-1 analogs were called out by big pharma…
Also interestingly, Goldman Sachs Geopolitical Risk basket (composed of defense, oil producers, and oil tankers) dropped notably today, seeming to show no signs of an overreaction to the geopolitical risk escalations. In fact, defense continues to trade below election levels and has not yet recovered post DOGE risk unwind…
Source: Bloomberg
Today saw more dovish FedSpeak – following on from Waller’s calls for July cut on Friday:
*BOWMAN: SUPPORTED JUNE RATE HOLD, LABOR MARKET SOLID, WOULD SUPPORT CUT IN JULY IF INFL. REMAINS SUBDUED
*GOOLSBEE: IF TARIFF DIRT IN AIR CLEARS, SHOULD PROCEED WITH CUT
Treasury yields tumbled dramatically today led by the short-end but as stocks rebounded, sellers in bonds appeared but not enough to erase gains on the day…
Source: Bloomberg
Today’s action moved 2Y yields down to their lowest since
Source: Bloomberg
Rate-cut expectations jumped significantly for 2025…
Source: Bloomberg
…with the odds of a cut in July now up to 23%…
Source: Bloomberg
The dollar was monkeyhammered lower after an initial surge to safety overnight…
Source: Bloomberg
Gold managed to hold on to gains (after spiking overnight then dropping into the red during the day before the Iran missile strikes)…
Source: Bloomberg
Bitcoin soared back above $103k after an ugly weekend (as usual BTC dumped on geopol escalation over weekend but then rallied this afternoon as the market thinks we have de-escalated)…
Source: Bloomberg
Finally, our proxy for geopolitical risk (oil VIX) tumbled today…
Source: Bloomberg
…and with numerous dovish Fed speakers as well as global trade policy uncertainty at YTD lows, it seems there is not much to stop stocks testing all-time-highs (gamma is neutral) apart from yet another escalation in the Middle East (but returning back to where we started, the market has called ‘bullshit’ on this Iran tension escalating any further).
The U.S. strike on three Iranian nuclear facilities overnight on June 21–22 followed a highly intricate plan that entailed more than 125 U.S. aircraft and warships and layers of deception, Defense Secretary Pete Hegseth said during a Pentagon news briefing.
Hegseth said preparation for the mission—dubbed Operation Midnight Hammer—took place over the course of weeks and months, “so that we could be ready when the president of the United States called.”
The U.S. strikes were made a week after Israel launched a series of surprise airstrikes across Iran, aimed at degrading the country’s nuclear programs and military capabilities.
Joining the conflict that Israel initiated, U.S. military planners set Iran’s Fordow uranium enrichment facility as their primary target. With the Fordow facility situated hundreds of feet underground in a mountainous region of Iran, U.S. Air Force B-2 Spirit stealth bombers carrying 30,000-pound bunker-busting bombs, called GBU-57A/B Massive Ordnance Penetrators, offered one of the best options to destroy the facility.
Illustration by The Epoch Times
Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said the operation was the longest B-2 bomber mission since 2001, the second longest B-2 mission ever flown, and the first operational use of the GBU-57 bombs.
The Timeline
At the June 22 news briefing, Pentagon personnel presented a timeline for Operation Midnight Hammer.
The operation began just after midnight Eastern time on June 21, as seven B-2 bombers departed Whiteman Air Force Base, Missouri, heading east on their way to Iran.
The B-2 bombers received refueling support from dozens of aerial refueling aircraft along their journey across the Atlantic Ocean and over the Mediterranean Sea.
The seven U.S. bombers reached the U.S. Central Command area of responsibility at about 5 p.m. Eastern time on June 22. Just before these bombers entered the Central Command area, U.S. submarines began launching Tomahawk cruise missiles at targets in Iran.
U.S. fighter jets flew ahead of the bombers, and the airstrike package entered Iranian airspace at approximately 6 p.m. Eastern time.
(Left) A satellite image shows vehicles at the Fordow nuclear enrichment facility in Iran on June 20, 2025. (Right) A satellite image shows the Natanz nuclear enrichment facility, where multiple buildings were destroyed during recent Israeli airstrikes, in Iran on June 14, 2025. Maxar Technologies via AP
As they flew ahead, U.S. fighter jets began preemptively suppressing Iranian air defense systems around the Fordow and Natanz nuclear facilities, clearing the way for the bomber crews.
At approximately 6:40 p.m. Eastern time, the lead bomber crews reached the Fordow nuclear facility and dropped two GBU-57 bombs. Over the next 20 minutes, the rest of the bomber crews dropped their payloads over Fordow and Natanz.
The sea-launched Tomahawk cruise missiles reached the third and final target, Iran’s Isfahan nuclear facility, and concluded the strike operation at approximately 7:05 p.m. Eastern time.
The B-2 bomber crews exited the Iranian airspace at approximately 7:30 p.m. Eastern time.
As he delivered remarks on the strikes on the morning of June 22, Hegseth said U.S. air crews were still returning to the United States.
US Drops 14 Heavy Bunker Busters
After the lead bomber dropped its two GBU-57 bombs, the remaining six B-2 bombers each released two of their own heavy bunker busters over the Fordow and Natanz facilities.
In total, these bomber crews dropped 14 bunker buster bombs.
Airmen look at a GBU-57, or the massive ordnance penetrator bomb, at Whiteman Air Base in Missouri on May 2, 2023. Seven B-2 bombers on June 21, 2025, departed Whiteman Air Force Base, Missouri, and bombed three Iranian nuclear facilities. U.S. Air Force via AP, File
Submarines Launch More Than 2 Dozen Tomahawks
Detailing the operation, Caine said the U.S. submarines involved in the strikes began firing “more than two dozen Tomahawk land attack cruise missiles against key surface infrastructure targets at Isfahan.”
The air and sea components of the U.S. strike package were carefully sequenced so that the Tomahawk missile impacts could coincide with the narrow time frame of the rest of the strike package.
Decoys and Deception
The U.S. strike operation entailed several elements of deception in order to misdirect Iran’s defenses.
While the bomber crews responsible for conducting the strikes flew east from Whiteman Air Force Base, Caine announced that some bombers were headed west over the Pacific Ocean.
An operational timeline of a strike on Iran is displayed following a news conference with Chairman of the Joint Chiefs of Staff Gen. Dan Caine and Defense Secretary Pete Hegseth at the Pentagon in Arlington, Va., on June 22, 2025. Caine also announced that some bombers headed west over the Pacific Ocean as decoys. Andrew Harnik/Getty Images
Caine said it was “a deception effort known only to an extremely small number of planners and key leaders here in Washington and in Tampa.”
The top U.S. general said U.S. forces employed other deception tactics in the course of the mission, but did not specify what those tactics were.
More Than 125 US Aircraft Used
More than 125 military aircraft participated in Operation Midnight Hammer, according to Caine.
He said this included the B-2 stealth bombers, “multiple flights of fourth and fifth generation fighters,” and “dozens and dozens of air refueling tankers.”
A B-2 Spirit stealth bomber performs a flyover of Barnes-Jewish Hospital in St. Louis, on May 8, 2020. Jeff Roberson, File/AP
No Shots Fired by Iran
Emphasizing the surprise nature of the operation, Caine said the U.S. military is unaware of any Iranian forces firing on the U.S. warplanes during the mission.
“Iran’s fighters did not fly, and it appears that Iran’s surface-to-air missile systems did not see us throughout the mission,” Caine added. “We retained the element of surprise in total.”
Hegseth also said the capabilities and coordination demonstrated by the U.S. forces during the operation will be a key factor dissuading Iran from retaliating.
“We believe that’ll have a clear psychological impact on how they view the future, and we certainly hope they take the path of negotiated peace,” Hegseth said. “But I could not be more proud of how this building operated, of the precision, the sensitivity, and the professionalism of the troops involved in this effort.”
Defense Secretary Pete Hegseth (L), accompanied by Chairman of the Joint Chiefs of Staff Gen. Dan Caine, takes a question from a reporter during a news conference at the Pentagon in Arlington, Va., on June 22, 2025. President Donald Trump gave an address to the nation on June 21 after three Iranian nuclear facilities were struck by the U.S. military. Andrew Harnik/Getty Images
Damage Assessments Ongoing
Hegseth said Operation Midnight Hammer was launched in order to destroy or “severely degrade Iran’s nuclear program.”
The full extent of the damage inflicted on Iran’s three nuclear facilities cannot be independently confirmed at this time. Still, Caine provided an optimistic early outlook.
“I know that battle damage is of great interest,” Caine said. “Final battle damage will take some time, but initial battle damage assessments indicate that all three sites sustained extremely severe damage and destruction.”
In a statement shared by Iran’s state-run PressTV shortly after the U.S. strikes, the Atomic Energy Organization of Iran vowed it would continue its work. The Iranian nuclear agency also urged the international community to condemn the attack.
Vice President JD Vance said that he believes the U.S. airstrikes on three of Iran’s nuclear sites have set back the regime’s nuclear program.
“I feel very confident that we have substantially delayed their development of a nuclear weapon, and that was the goal of this attack. That’s why it was a success,” Vance said on June 22 on NBC’s “Meet the Press.”
“I think that we have really pushed their program back by a very long time. I think that it’s going to be many, many years before the Iranians are able to develop a nuclear weapon.”
Prior to the strikes, Israel said that Iran could be just weeks away from obtaining a nuclear weapon, while President Donald Trump had said Iran was weeks to months away from a nuclear bomb.
USA DATA RELEASES
US Existing Home Sales Print Weakest May Since 2009
Monday, Jun 23, 2025 – 10:20 AM
Existing home sales in the US rose by a modest 0.75% MoM in May (better than the -1.3% MoM expected), but remain down 0.75% YoY…
Source: Bloomberg
This is the fourth straight month of YoY declines for existing home sales (down 4% on an unadjusted basis compared with a year ago).
“The relatively subdued sales are largely due to persistently high mortgage rates,” NAR Chief Economist Lawrence Yun said in a statement.
And don’t expect any help from rates going forward…
Source: Bloomberg
Overall, this was the weakest May sales pace since 2009…
Source: Bloomberg
…and the second worst May ever.
“We can no longer blame it on the supply,” Yun said on a call with reporters about the tepid sales pace.
“Supply is showing up, so we can blame it on affordability.”
Meantime, the higher supply has failed to bring down prices. The median sales price last month increased 1.3% from a year ago to $422,800, the highest for any May on record, NAR data show.
Yun noted that the upper end of the market – houses selling for at least $1 million – is no longer outperforming sales of lower-priced houses.
Prices are up 51% from the start of the pandemic five years ago.
First-time buyers made up 30% of closings in May, showing they “are struggling to get into the market,” Yun said.
Interestingly, Yun said Realtors are asking if hedge funds, which make up big share of buyers in Sun Belt states, have been dumping homes on the market lately, causing recent price fluctuations.
end
Trump’s policies doing good!!
(zerohedge)
US PMIs Beat Expectations In Early June Data, But…
Monday, Jun 23, 2025 – 09:54 AM
Following May’s resurgence in ‘soft’ survey data, S&P Global’s PMI surveys were expected to dip modestly in preliminary June data this morning.
But the picture was mixed with both Manufacturing flat (but beating expectations 52.0 vs 51.0 exp) and Services down very modestly (but beating expectations 53.1 vs 52.9 exp) rising at the start of June (even as hard data fades)…
Source: Bloomberg
However, prices also rose sharply in the service sector, likewise often attributed to tariffs but also reflecting higher financing, wage and fuel costs. Service sector input costs and selling prices nonetheless rose at slower rates than in May, in part reflecting more intense competition.
Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:
“The June flash PMI data indicated that the US economy continued to grow at the end of the second quarter, but that the outlook remains uncertain while inflationary pressures have risen sharply in the past two months.
“Although business activity and new orders have continued to grow in June, growth has weakened amid falling exports of both goods and services. Furthermore, while domestic demand has strengthened, notably in manufacturing, to encourage higher employment, this in part reflects a boost from stock building, in turn often linked to concerns over higher prices and supply issues resulting from tariffs. Such a boost is likely to unwind in the coming months.
But inflationary fears remais
“Prices for goods have meanwhile jumped sharply again, the rate of increase accelerating to a three year high as firms pass higher tariff-related costs on to customers. Service providers are by no means immune to this tariff impact and likewise reported another jump in prices, often linked to tariffs on inputs such as food.
“The data therefore corroborate speculation that the Fed will remain on hold for some time to both gauge the economy’s resilience and how long this current bout of inflation lasts for.”
So take your pick – better than expected but no ongoing recovery and prices are soaring.3,450
USA ECONOMIC NEWS
“Real Distress” Hits Solar Industry As Bankruptcy Tsunami Looms
Monday, Jun 23, 2025 – 07:45 AM
It’s no secret that progressive billionaire elites, their dark money-funded NGOs, far-left lawmakers, and legacy corporate media orchestrated one of the most elaborate propaganda campaigns in recent memory—weaponizing the narrative of an imminent “climate crisis” to ram through green legislation on Capitol Hill. The result? A massive heist on the Treasury, all under the noble guise of saving the planet.
It’s almost as if the “climate crisis” only dominated headlines when Democrats needed political cover to push green legislation through Capitol Hill…
Now, the darker side of the green scam is coming into focus. Reuters reported earlier this week that a draft tax bill released by Senate Finance Committee Chair Mike Crapo (R-Idaho) proposes an accelerated phaseout of clean energy subsidies established under the Biden-Harris regime’s 2022 Inflation Reduction Act. Specifically, the legislation would significantly dial back solar and wind tax credits to 60% of their original value starting in 2026, with complete elimination by 2028. Under current law, these credits are scheduled to begin phasing out in 2032, meaning the proposal would effectively shorten the incentive window.
Crapo stated in a press release that this draft bill “achieves significant savings by slashing Green New Deal spending and targeting waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.”
Slashing clean energy tax credits, essentially the lifeline of the green industry, would unleash a tsunami of bankruptcies across the sector. Think of Solyndra’s high-profile collapse under the Obama administration in 2011—but multiplied many times over.
“It’s not final, but it looks very negative,” said Carter Atlamazoglou, managing director at FTI Consulting, who specializes in renewable energy, referring to the Senate’s latest draft of the tax bill.
Atlamazoglou told the Financial Times, “You’re dealing with a lot of major uncertainty, which makes anyone considering residential solar—from homeowners to financiers—basically wait and see what happens next.”
“Firms are under liquidity pressure and we’re seeing real distress in the industry,” he warned, pointing out that “Things are coming to a head.”
FT cited bankruptcy data showing a sharp uptick in clean energy company failures—starting in 2022 and accelerating significantly by 2024. Many of these firms, heavily reliant on federal tax credits, are now collapsing as subsidies dry up.
Mass liquidations and layoffs are set to plague the industry this year. This trend will be accelerated if those tax credits are eliminated.
“There’s going to be a 50 to 60 per cent downturn in demand. That will wreak havoc on a lot of these solar companies,” warned Ara Agopian, CEO of Solar Insure.
Agopian said, “Many of them will shut their doors as they can’t stay in business without the tax credit.”
Since the release of the Senate draft, solar stocks have crashed: Sunrun is down 36%, SolarEdge is down 30%, Enphase is down 21%, and First Solar is down 19%.
Solyndra’s downfall remains a cautionary tale in the clean energy space…
“We’re looking at a six-month cliff and thousands of businesses having to completely remake their business models in the space of mere months,” CEO Dan Conant of Solar Holler, warned, “It’s just impossible to do.”
1. What are we to make of Saturday night’s destruction of the three Iranian nuclear sites at Fordow, Natanz, and Isfahan?
Trump and the U.S. military took a great risk and succeeded in astounding fashion. Operationally, the destruction of the nuclear sites seems to have gone perfectly, in contrast to a long history of America’s Middle East debacles from the failed 1980 Carter rescue mission to the 2021 flight from Kabul.
The long-overdue message to Iran is that there are finally consequences for a half-century effort of killing Americans, promising death to the U.S. and Israel, and attempting to murder a U.S. president.
It’s also surreal to see leftist critics now say that Trump deviated from past presidents’ heroic, peaceful efforts to negotiate an end to the Iranian nuclear threat, when suddenly, after assuming office, Trump was apprised that Iran was weeks away from getting a bomb.
So, how did that happen after all those heroic diplomatic efforts? Why was the Iranian bomb program not ended during the Biden administration’s last four years? And who but Barack Obama opened the floodgates of Iranian revenue to fund these monstrous programs?
How strange the legal criticisms of the left are. In 2011, repeatedly bombing and killing hundreds of Libyan civilians and setting off a decade of chaos and mayhem were constitutionally okay, but a one-mission taking out a rogue nation’s nuclear facilities that threatened world peace and likely killed few, if any, civilians was unconstitutional and amoral?
Note well: Obama bombed, with B-2s no less, Libya again on his last full day in office in 2017—to finish off his disastrous five-year-long Susan Rice/Samantha Power/Hillary Clinton (“We came, we saw, he died”)/Ben Rhodes-directed destruction of Libya.
In the end, critics on the left and right are flummoxed and left sputtering only, “Iran cannot get a nuclear weapon”—even as every prior president had failed to slow Iran’s progression to a bomb—until Trump alone just did.
Intelligence-wise, it was quite stunning how there were no leaks but lots of successful misdirection and deceptions, such as redeploying the B-2s to Guam. It also made sense to strike early in Trump’s two-week window of warning, as otherwise, each day of quiet worked against the element of surprise.
It was not exactly rah-rah, Yanqui recklessness, but rather almost inevitable. Trump had warned the Iranians on numerous occasions. They never got the message. They were apparently listening to the American Left’s smears of Trump as a “TACO” (“Trump Always Chickens Out”)—a silly slur phrase that just died Saturday night.
The decision thus became whether the world wanted another North Korea in the Middle East or not. Even our enemies probably did not.
Trump has now given Iran the chance of a one-off attack and a return to negotiations—but over what, given that Iran now has nothing to negotiate with other than the survival of its regime?
Again, the fact that the operation was so complex and went apparently according to plan will impress allies and warn enemies—and make Iran worry that more of the same could come and be as effective.
2. But what happens now? Won’t Iran release its terrorist cells in the U.S., or attack U.S. bases nearby with missiles and drones, or unleash missiles at the Gulf oil fields, or mine the Straits of Hormuz, or unleash a new unforeseen volley of missiles at Israel?
Those scenarios are endless.
But this mission was not a 1991 or 2003 bombing as a preliminary to a ground invasion. Nor was it a pile-on 2011 Libyan bombing campaign designed for regime change. It had a limited agenda—the destruction of Iran’s nuclear fortresses—and it apparently succeeded. Iran would be wise to seek a ceasefire and negotiate for the regime’s survival. Pundits claim Iran must do something to restore its reputation. But the more it acts and fails, the greater its humiliation.
U.S. naval power will soon stop any Iranian naval attacks in the Straits of Hormuz. If Iran sends missiles into the Gulf oil fields, it will lose their own.
If they hit American bases, they will likely get a response quite unlike the aftermath lull of the killing of Gen. Soleimani. If they have a hidden massive missile arsenal to unleash on Israel, Israel will respond in kind.
What is unprecedented about the current tension is that the supposed powerhouse of the Middle East now has no defenses, no nuclear deterrent, and few terrorist operatives left in Syria, Lebanon, Gaza, or Yemen. If they conduct terrorism in the United States, we would likely see mass deportations of thousands of Iranian green card or travel visa holders, and standoff missile and bombing retaliations against Iran.
Otherwise, Israel will continue to strike Iran, and the U.S. will likely pivot and offer to negotiate an end—unless it is attacked.
All wars end one way or another, usually when one side sees no chance of success. Iran may continue a Houthi-style missile exchange, but like them, it will eventually either sue for a truce or dissolve.
3. What will be the reaction of the Iranian street or the military?
Again, who knows?
Will the humiliation from the bombing force regime change? And would what follows be better, the same, or worse?
Theocracy is a much more dangerous government, given Iran’s size, wealth, and nuclear expertise, than those nations run by past bombed-out dictators like Gaddafi, Milosevic, the Taliban, and Saddam Hussein. And even their fates offer mixed messages as to what followed their forced demise. One could argue that what succeeded the jailed Milosevic was clearly better; the executed Saddam, eventually, maybe better; the murdered Gaddafi, likely no better and probably worse; and the Taliban simply returned to power, energized with $50 billion in U.S. munitions, vehicles, and military infrastructure.
The innate idea of bombing a nation with virtual impunity from the air, however justified, selective, or careful, often does not go down well with those on the receiving end.
But that said, the generals now know their superiors are being killed off by the Israelis, and would not wish to be next on the list. And they fear the military has just been further humiliated in the eyes of the public and revealed its impotence by losing this war.
The generals surely appreciate that the people not just resent perhaps $1 trillion over nearly fifty years invested in the greedy and now neutered Hamas, Hezbollah, the Assads, and the Houthis, as well as the vast subterranean nuclear facilities, and billions of dollars spent on missiles and air defense—but that it was all for nothing.
Those costs are aside from perhaps another $1 trillion lost needlessly over nearly half a century to sanctions and embargoes due to its ill-fated nuclear agenda and terrorism. Waste is one thing; waste and humiliation are another.
4. What was Trump doing by announcing a 1-14 day window to decide the use of force?
The value of talking about negotiations was fourfold:
a) to show the world Trump was not a trigger-happy interventionist, so if he did strike, he did so reluctantly, given the refusal of the mullahcracy to peacefully swear off enriching uranium;
b) to allow time for a final window for U.S. naval and air assets to assemble in the Gulf region or within striking distance of it;
c) to deceive Iran and the world into thinking he would attack in two weeks rather than two days, and to remind the world that his warnings are backed by consequences;
d) to see by chance if Israel could have solved the problem first—i.e., if it has any big surprises ranging from commando raids on nuclear facilities to the use of large cargo planes adapted to bunker-buster use. In the end, it apparently did not.
5. What is the attitude of the Arab Islamic world—specifically the proximate Gulf states, Egypt, and Jordan—to the American elimination of the Iranian nuclear program?
Prior to the attack, the mindset of the so-called moderate Arab nations was predictable:
a) private communications to Iran’s Supreme Leader that they stand in solidarity with a fellow Islamic nation unduly attacked by the “Zionists”—something they claim they had nothing to do with and, of course, abhor;
b) mostly public silence, interspliced with sporadic calls for “negotiations,” “calm,” and “restraint,” punctuated with boilerplate criticism of Israel for its “preemption” and “aggression.”
c) frantic stealth communications with Trump and CentCom—and perhaps even Netanyahu—along the lines of something like, “If you all insist on doing this, please assure us that you don’t quit and leave a surviving Iran angry at our double-dealing. Guarantee to us that you will intervene and neuter or remove any vestiges of this rogue Iranian regime. Do not let this wounded animal lick its wounds and reemerge for revenge.”
And now postmortem?
d) The Arab world will be relieved, largely keep quiet other than a few protestations, but also insist that the U.S. protect the Gulf states from Iranian retaliation, and hope the U.S. can forge some sort of truce—but only if Iran is truly defanged.
6. After the attack, will the MAGA base splinter Trump’s support and help weaken his agenda before the midterms?
Not really.
Even Trump’s fiercest Iran critics, like Marjorie Taylor Greene and Steven Bannon, or milder ones, like Rand Paul, know that they agree with 80 percent of his MAGA agenda. Tucker Carlson said if Iran tried to kill Trump (they did and the Biden DOJ filed charges), he would advocate a (nuclear) bombing campaign against it.
Conservative critics understand that their opposition to a Trump intervention does not poll well with either MAGA or Republicans at large, but very well with the Squad and Bernie Sanders’ new Democrat Party.
So, there will be no third-party movement. No one leaves a movement when it agrees with the vast majority of its efforts and there is no viable alternative.
Realistically, critiques of Trump’s intervention always hinged on its success or failure. So far, the military operation seems a success. It is hard to envision methods by which Iran could sustain a war against enemies who have no desire to set one foot on its ground.
Often, success or failure arbitrates the level of criticism. For example, by late April 2003, sharp but opportunistic critics of Bush’s invasion of Iraq suddenly pivoted—as Saddam’s statue fell, with only light American casualties—to brag that they were neocon nation builders (e.g., MSNBC’s Chris Matthews: “We are all neocons now!”).
But by 2004, with the killings and insurgencies gaining ground, even Bush’s “Project for a New American Century” supporters now defected and whined that “our brilliant invasion was wrecked by your incompetent occupation.”
Human nature being what it is, most react predictably to success or failure. (Football teams 10-0 are sold out; those 2-8 can’t give away tickets.). So let us see how the current success ages in the next few months.
7. Will Russia or China put pressure on the U.S. to restrain Israel, intervene, or cause havoc?
No.
Russia? It is bleeding in Ukraine. It will privately not be unhappy that Iran will, for now, remain non-nuclear, but very happy any commotion in the Gulf could spike world oil prices and help Russia survive the embargo and refuel its aggression against Ukraine.
Trump will pay lip service to Putin so that he does not appear completely impotent after his forced departure from the Middle East.
And Putin will likely return to his 2017-21 appraisal that Trump is too volatile and unpredictable to gamble against.
China? It wants no upheaval anywhere near 50 percent of its imported oil. The idea that the U.S. could be distracted in the Middle East is seen by Beijing as desirable. Seeing Trump act quite successfully to take out a nuclear facility halfway across the world will likely sober President Xi.
8. How will Trump fare in the war?
Well, Iran, after all, likely tried to kill Trump and still brags about how it will destroy Israel and attack the U.S.—the same old boilerplate of the last half-century. Had the attack gone the way of past failed American efforts, Trump would have been in dire political trouble. But it did not, and so he will reap the advantages that accrue from success to a president.
Trump’s unpredictability so far has confused his enemies more than his allies. (Iran is probably flummoxed that no American president has ever bombed it, while post facto, no American president would ever be willing to talk to it during a war that it is losing.)
9. Will the image and profile of Israel in the Middle East change after the war?
It did after the euphoria of the brilliant 1967 Six-Day War victory, just as it slumped after being surprised by the Yom Kippur War of 1973 and the October 7 massacres.
But as of now, the very idea, say, in October 2023, that 21 months later Israel would have destroyed Hamas; damaged the Houthis; dismantled the supposedly indestructible Hezbollah; helped create the momentum to collapse the entire Assad dynasty in Syria; seen Russia mostly ostracized and absent from the Middle East; destroyed utterly Iran’s air defenses; and been flying at will, systematically blowing up Iranian command and control personnel, its nuclear architecture, and its once dreaded missile fleet—would have been considered so unlikely as to be sheer fantasy. And that is well aside from the U.S. destroying what was left of Iran’s nuclear infrastructure.
So, yes, Israel will likely emerge from this two-year nightmare with a much higher deterrent profile and respect.
Its chief danger will be hubris. Overconfidence led to the surprises of 1973. And hubris also led to 2023, 50 years later, to the very hour after being similarly shocked. Israel will likely be wary of its unprecedented success.
10. How did Iran lose its Shia crescent and its terrorist surrogates?
In truth, Iran was likely the most hated nation in the world. The Arab world despised it. Europe and the U.S. loathed it. Its bullying terrorism turned off even illiberal regimes. Anti-Islamic China and Russia found it useful, but otherwise, did not boast about their creepy partner.
So, Iran had zero goodwill anywhere. Thus, once it started bleeding, no patron appeared to help it in extremis. Even its partners may have been not unhappy that this loud bully received a comeuppance and may now be silently glad the U.S. ended its nuclear threat.
In realist terms, a hubristic, smug Iran winked and nodded that it had a hand on October 7. No one believed its later, scared, and phony disavowals. Militarily speaking, if it was ultimately behind the horror of October 7, it should have realized that Israel was not going to allow another Holocaust.
On October 8, 2023, Tehran had a choice to publicly abhor the killing and communicate to Israel its innocence or go for broke and help to coordinate massive and simultaneous missile strikes from the Houthis, Hezbollah, and Iran in an all-out war.
Instead, each of these terrorist entities acted piecemeal, and Iran sat back and watched, hoping one might find success. Or worse, each was relieved when Israel attacked elsewhere one of their supposed allies.
Israel systematically checked off each terrorist entity, for the most part in a compartmentalized and separate fashion, before turning to Iran.
By that time, its surrogates were either defanged or harbored ill will that Tehran had led them on, but was nowhere to be found when they were held to account and crushed by Israel.
* * *
Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge
end.
USA NEWS/ANTISEMITISM..
KING NEWS
The King Report June 23, 2025 Issue 7518
Independent View of the News
Trump posted on Saturday night: “We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan. All planes are now outside of Iran air space. A full payload of BOMBS was dropped on the primary site, Fordow. All planes are safely on their way home. Congratulations to our great American Warriors. There is not another military in the World that could have done this. NOW IS THE TIME FOR PEACE! Thank you for your attention to this matter.” “They should make peace immediately. They should stop immediately. Otherwise, they’ll get hit again.”
“Every American citizen or military in the region is now a target.” – Iran State TV
@IranIntl_En: “This outrageous act must be met with a severe and forceful response,” said hardline Iranian lawmaker Hamid Rasaei in response to the US attacks on Iran nuclear sites. “The battle has just begun, Mr. Trump! Now you talk of peace? We will deal with you in a way that makes you understand the consequences of recklessness,” an Iranian presenter said in a state TV program in reaction to a post by Donald Trump that called for peace with Iran.
Trump in TV address on Saturday night: “A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime: Fordo, Natanz and Isfahan. Everybody heard those names for years as they built this horribly destructive enterprise. Our objective was the destruction of Iran’s nuclear enrichment capacity, and a stop to the nuclear threat posed by the world’s number one state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success… Iran the bully of the Middle East must now make peace. If they do not future attacks will be far greater and a lot easier… For 40 years, Iran has been saying, ‘death to America. Death to Israel.’ They have been killing our people, blowing off their arms, blowing off their legs with roadside bombs. That was their specialty. We lost over a thousand people and hundreds of thousands throughout the Middle East and around the world have died as a direct result of their hate in particular… There will either peace or there will be tragedy for Iran far greater than we have witnessed over the last eight days… there are many targets left. Tonight’s was the most difficult of them all by far, and perhaps the most lethal, but if peace does not come quickly, we will go after those other targets with precision, speed, and skill. Most of them can be taken out in a matter of minutes. No military in the world can do what we did tonight…https://x.com/cspan/status/1936609683805995364
Trump post after TV address: “Any retaliation by Iran against the United States of America will be met with force far greater than what was witnessed tonight…” (DJT obliterated the derogatory TACO tag!)
Iran’s leverage was its proxies, nuclear program, and ballistic missiles. Nukes are gone; missiles and proxies are degraded. China’s biggest ally in the Middle East has been neutered.
Trump said he would wait for two weeks to see if diplomacy would work. But Iran was obstinate.
Senior Iranian Official: “If it’s a choice between halting uranium enrichment and going to war — we choose war.” – Reuters
Iran questions US ‘trust’ in nuclear talks as negotiations remain stalled amid Islamic Republic’s conflict with Israelhttps://t.co/jwg72xQOT0
Ynet’s @emilykschrader on Saturday: Multiple sources: There are discussions ongoing with the United States and Crown Prince Reza Pahlavi for the day after the Islamic regime falls. Khamenei ordered Naim Qassem, Secretary General of Hezbollah, to enter the war and fire missiles at Israel, but Qassem refused to enter, fearing the destruction of Hezbollah and assassination by the IDF. Initial: Iranian sources are reporting some kind of ground attack on the guards at Fordow. This report comes just after Israel warned the U.S. they may not be willing to wait two weeks for a U.S. decision on entering the war.
Axios’s @DrEliDavid: Reports from Iran that Khamenei has appointed three potential successors. This is the beginning of the end, and even he realizes it.
Iran Supreme Leader @khamenei_ir on Saturday: Palestine is a central issue to us, and the victory of Palestinians is something that’s definite.
Fox News: The U.S. hit Fordow with six bunker busters and launched 30 Tomahawk missiles at other Iranian nuclear sites (Natanz and Isfahan).
@CollinRugg: Fox News’ Jennifer Griffin says the B-2 bombers heading to Guam were a distraction to keep all eyes “looking west.” “It’s notable how much deception was involved in this operation. All eyes were looking west towards Guam…” “The 30,000-pound bunker buster bombs were dropped at Fordo. And as we have reported, there are two entrances to Fordo.” At least two bombs at each, two entrances, which suggests at least two B-2s were involved over Fordow. My suspicion is that there were more.” https://x.com/CollinRugg/status/1936588116938404128
CBS News: The US informed Iran that the strikes on nuclear facilities are all the United States was intending to do, without any plans for regime change.
Babylon Bee’s @JoelWBerry: And just like that Trump undid all Obama’s hard work to nuclearize Iran
Some Dem Reps (AOC) and gadfly GOP Rep Massie called Trump’s action ‘impeachable.’ Constitution export Jon Turley slams the hypocrisy, citing Obama’s attack on Libya to facilitate regime change.
Japan core inflation hits 2-year high, keeps rate-hike bets alive May core CPI rises 3.7% yr/yr vs forecast +3.6% Index excluding fresh food, fuel up 3.3% yr/yr in May Board divided on inflation outlook, some see risk of overshoot BOJ report says slow rate hike could cause wage-price spiral Governor Ueda reiterates BOJ’s resolve to keep raising rates https://www.reuters.com/markets/asia/japans-core-inflation-hits-2-year-high-keeps-rate-hike-bets-alive-2025-06-19/
Minutes of the Monetary Policy Meeting on April 30 and May 1, 2025 Japan’s financial conditions had been accommodative. Real interest rates had been negative. Firms’ funding costs had increased. Firms’ demand for funds had increased moderately on the back of, for example, the recovery in economic activity as well as mergers and acquisitions of firms… Members agreed that inflation expectations had risen moderately… Members shared the view that U.S. tariff policy and resulting trade policies of other jurisdictions were likely to push down Japan’s economy… They shared the view that the year-on-year rate of increase in the CPI (all items less fresh food) was likely to be in the range of 2.0-2.5 percent for fiscal 2025 (Oops!), in the range of 1.5-2.0 percent for fiscal 2026, and at around 2 percent for fiscal 2027… https://t.co/5oldgIt4yR
To calm the JGB market, Japan’s finance minister said Japan will reducetheissuance of super-long bonds this year by a total of ¥3.2 trillion ($22B) through the end of March 2026. ¥2.3T was expected.
UK retail sales record biggest monthly drop since 2023 (-0.5% exp.) UK retail sales fall 2.7% in May after 1.3% April rise ONS says drop largely reflects slide in food sales Clothes and DIY sales also down after sunny April Monthly drop is largest since December 2023 Decline follows strong GDP growth in Q1 2025 https://www.reuters.com/business/retail-consumer/uk-retail-sales-fall-may-2025-06-20/
Fed Gov Waller: The Fed is in position as early as July for cuts. (Waller angling for Fed Chair)
Waller mocked Powell and anti-DJT Fed officials: The Fed has been on pause for six months waiting for an inflation shock that has not arrived. He also said tariffs will NOT significantly boost inflation.
US stocks rallied sharply for expiration, DJT’s patented ‘2-week’ delay on an Iran decision (misdirection play), and Fed Governor Waller’s rate cut projection. However, USUs fell to -23/32 (8:50 ET) on Waller. Gold sank; oil and gasoline rallied modestly after being up moderately overnight.
ESMs hit the daily high of 6071.00 at 9:38 ET. They then experienced a 5-wave decline the ended with an NYSE session low of 6003.25 at 13:37 ET. The afternoon rally conflated with the Expiration Day Manipulation for an A-B-C rally to 6032.50 at the NYSE close.
After the close on Friday, SF Fed Pres Mary Daly said: “Additional softening in the labor market could easily turn into weakening. We can’t let that happen.” Does this contradict Jerome?
@RealEJAntoni: NY Fed: service sector activity declines again in Jun w/ business climate index much worse than normal, employment falling marginally, slowest wage growth in 4 years, inflation accelerating, capital spending declining faster, and outlook still negative; very stagflationary print: https://x.com/RealEJAntoni/status/1936238158770766082
Forex Live: Japan has cancelled a trade meeting with the US, according to the FT. The move came after the US asked Japan to boost defense spending to 3.5% of GDP…
Positive aspects of previous session ESUs rallied from 6011.75 at 5 ET to 6071.00 at 9:38 ET. USUs declined sharply early but closed +5/32.
Negative aspects of previous session There is disharmony within the Fed on Powell. Jerome is on very thin ice! The early equity rally peaked within 8 minutes of the NYSE opening. The NY Fang+ Index declined 0.95% – with a moderate late manipulation. Gasoline rallied sharply (It is Drive Season) while oil declined a tad.
@udschachter: Zohar Palti, former Head of the Mossad Intelligence Directorate and former Head of the Political-Security Bureau at Israel’s Ministry of Defense, was interviewed earlier today on @NadavPerry’s podcast. He analyzed the current Israel-Iran war: 1. “We sometimes forget that Iran is a huge country with a population of 90 million, and size of more than 70 times the size of Israel. It has two armies: a regular military and the Revolutionary Guards, and both are enormous… 20. Iran is the octopus’s head; it makes no sense to dismantle all its proxies yet leave Tehran untouched…. 31. *First, the Iranian decision*. The Supreme Leader is at a crucial crossroads. Does he “drink the cup of poison,” enter a back channel with the Americans, and reach a cease-fire, or does he keep going and risk losing his regime? We don’t know what he’ll decide… 49. Regarding Fordow – it would be better if the Americans strike there. They truly have the capacity to make the place “evaporate,” and I chose that word deliberately. Their capabilities are beyond belief, and they have assets we simply don’t… 50. The issue with the Americans is they tend not to use those capabilities. Despite everything Iran has done -killing U.S. forces in Afghanistan, Iraq, Lebanon- the Americans have never struck inside Iran… 57. The Gulf states also want, like us, to hurt Iran and go all the way, but at the same time – they are very afraid. Iran’s missiles can cover Bahrain in a minute and a half, and the Saudis still carry the trauma of the 2019 Aramco strikes by Iranian-directed Houthis… https://x.com/udschachter/status/1935861500431794644
@seanmdav: The only two means of dealing with the problem here are 1) eliminating the ability, and/or 2) eliminating the incentive to create nuclear weapons. Option 1 has a limited shelf life—it’s basically whack-a-mole, but with the risk of igniting a massive war each time you whack the mole. And we’ve all seen what happens when the U.S. tries to do regime change to deal with the short-term problems of whack-a-mole: total disaster. Option 2 has a much longer shelf life, but the problem is that Hillary/Obama’s decision to overthrow Gadaffi and kill him *after* he disarmed told every regime on earth that the only way to survive is with nukes… https://x.com/seanmdav/status/1935887969400856853
@Mylovanov: Putin:I am ready to meet with Zelensky, but any agreement must be signed by Ukraine’s legitimate authorities. Russia wants to end the conflict in Ukraine as soon as possible, ideally through peaceful means… Trump is right in saying the war in Ukraine might not have happened under his leadership… https://x.com/Mylovanov/status/1935695279287845266
Fed Balance Sheet: +$3.901B; Reserves: -$742M
Trump on Friday night, emboldened by Fed officials contradicting Powell: “Too Late” Powell complains about costs, much of which were produced by the Biden Fake “Government,” but he could do the biggest and best job for our Country by helping to lower Interest Rates and, if he reduced them to the number they should be, 1% to 2%, that “numbskull” would be saving the United States of America up to $1 Trillion Dollars per year. I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I’ve tried it all different ways. I’ve been nice, I’ve been neutral, and I’ve been nasty, and nice and neutral didn’t work! He’s a dumb guy, and an obvious Trump Hater, who should have never been there, I listened to someone that I shouldn’t have listened to, and Biden shouldn’t have reappointed him. We have virtually No Inflation, our Economy is doing really well, and will soon be doing, with the tremendous Tariff Income coming in, and Factories being built all over the Country, better than it has ever done before. If he was concerned about Inflation or anything else, then all he has to do is bring the Rate down, so we can benefit on Interest Costs, and raise it in the future when and if these “other elements” happen (which I doubt they will!). Don’t say that you think there will be Inflation sometime in the future, because there isn’t now but, if there is, raise the Rates! We should be at the TOP of the attached List, not the bottom. I don’t know why the Board doesn’t override this Total and Complete Moron! Maybe, just maybe, I’ll have to change my mind about firing him? But regardless, his Term ends shortly!
Commerce Sec @howardlutnick: The United States of America is the greatest country in the world, yet it has to suffer with the highest interest rates of any first class country. Our Federal Reserve Chair is obviously afraid of his own shadow. What was really sad about Powell’s comments is that he stated that tariffs contributed to “price increases in some of the relevant categories, like personal computers.” You would think Powell would know that there are no tariffs on personal computers. They currently don’t exist. Semiconductors and computer tariffs come out after the Commerce Department finishes its analysis. These high Interest Rates make no sense. Enough is enough!!!
Pakistan nominated Trump for 2026 Nobel Peace Prize for preventing an India-Pakistan war.
The Rwanda-Congo treaty is a HUGE deal. ~6 million people have died over minerals there.
CBS on Rwanda-Congo treaty: The agreement will end the fighting in eastern DRC. It could also bring billions of dollars of American investment into the region, which is rich in the minerals coltan, cobalt, lithium, copper and gold, all of which are critical in the manufacture of electric vehicles, smartphones, computers and a wide range of other high-tech goods, from satellites to military weapons systems… The DRC is a country roughly the size of Alaska and Texas combined, but its vast mineral reserves sit largely in the far east, near the border with Rwanda… fighting over control of the resources has led to three decades of fighting in the region, killing some six million people… More than 125 different armed groups have fought over access to the mineral reserves, but the largest, the M23 militia, is the only one thought to be backed by a neighboring country— Rwanda… Critics of the U.S.-brokered peace deal are skeptical that it will work, as M23 is not a signatory to the agreement and has not been involved directly in the negotiations… It can also help counter China’s dominance in Africa’s mineral sector… Chinese companies currently control over 80% of the cobalt reserves in DRC, according to U.S. government estimates. https://www.cbsnews.com/news/trump-deal-democratic-republic-congo-rwanda-war-mineral-resources/
NYT: For Trump, ‘Two Weeks’ Is the Magic Number – “Two weeks” is one of President Trump’s favorite units of time. It can mean something, or nothing at all. Tax plans, health care policies, evidence of conspiracy theories he claimed were true, the fight against ISIS, the opening of some coal mines, infrastructure plans — all were at one point or another riddles he promised to solve for the public in about two weeks… (Is DJT euchring Iran?) https://www.nytimes.com/2025/06/19/world/middleeast/trump-iran-two-weeks.html?referringSource=articleShare
@EndWokeness: Oil from the Hormuz Strait supplies: 5% of America’s total oil supply; 50% of China’s total oil supply. Iran would be crippling their ally China by closing off Hormuz. That is the last thing Iranians would want right now.
Iran allies China, Russia, and Pakistan submitted a UN Security Council resolution that demands an immediate Middle East ceasefire. DJT has destroyed China’s goal to dominate the Middle East.
@JasonJournoDC on Sunday: @ScottJenningsKY FIRES BACK at ex-DNC spox who suggests it wasn’t apparent Iran posed direct threat to U.S. “You’re arguing that after 46 years of the Iranian regime killing Americans, threatening Americans, saying over and over and over again, ‘Death to America,’ that maybe they just didn’t mean it? That they’re fiery but mostly peaceful Iranian butchers? I mean, I don’t understand! This is a righteous strike!”https://x.com/JasonJournoDC/status/1936795872030785861
UK PM Kier Starmer: “If Iran attacks U.S. personnel, we will consider it an attack on a NATO country.”
Russia President Medved, who loves to run his mouth, tried to recoup Russia prestige. A pundit opined that global leaders will react like an old Arab adage: “Go with the strongest looking horse.”
NYP: Kremlin warns that other nations ready to give Iran nukes: ‘Dangerous escalation has begun’ Dmitry Medvedev… claimed Saturday’s US airstrike… only caused minimal damage to Tehran’s nuclear sites, including the fortified Fordow enrichment plant. (Watch Israe; they will reveal the truth) Medvedev, who did not specify which countries are ready to arm Tehran, reiterated that the attacks would not stop Russia’s ally in the Middle East from acquiring nuclear weapons.” https://nypost.com/2025/06/22/world-news/kremlin-warns-that-other-nations-ready-to-give-iran-nukes-dangerous-escalation-has-begun/
@Osint613: US Representative to the UN: “The Security Council must call on Iran to cease its efforts to destroy Israel, and to stop its attempts to obtain nuclear weapons.”
Trump mentioned ‘regime change’ in a post on Sunday afternoon: “It’s not politically correct to use the term, “Regime Change,” but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change??? MIGA!!!”
@visegrad24: As Trump issued a call for regime change in Iran for the first time, people in Iran start spreading digital leaflets calling on the security forces to switch sides and topple the regime https://x.com/visegrad24/status/1936912112791572684
NYT: A senior U.S. official acknowledged that the attack on Fordo had not destroyed the heavily fortified facility but said that it had been severely damaged. Two Israeli officials with knowledge of the matter also said it appeared that Iran had moved equipment, including uranium, from the site before the strikes…American military and intelligence officials have detected signs that Iran-backed militias are preparing to attack U.S. bases in Iraq, and possibly Syria, in retaliation for the U.S. strikes in Iran. But so far the groups have held off, and Iraqi officials are working hard to dissuade militia action, a U.S. official said on Sunday… https://www.nytimes.com/live/2025/06/22/world/israel-iran-us-trump#here-are-the-latest-developments
MSM reports have different assessments on the degree of destruction of Iran’s three major nuclear facilities. Of course, the usual suspects will denigrate and minimize any DJT accomplishment. As we noted above, near-term Israel actions will reveal the truth about Iran’s nuclear program.
Today – Traders want to play for the Post-expiry and Monday Rallies; but the uncertainty of Iran’s response and the resultant consequences are alarming the markets. Looks like a rough start for equities – and there is fear that an Iran attack on US assets could hit the tape at any instance.
ESUs opened at 5959.00, -51.00, but bounced sharply. WTI Oil hit 78.40 but quickly sank to 75.22. ESUs are -26.50; USUs are -8/32; WTI Oil is 75.95; and Gold is -5.00 (was +28.10) at 19:20 ET.
The new wild card: A Fed coup on Powell. If PE Powell goes, stocks are likely to rally on the hope of rate cuts ASAP. After an initial rally, bonds could stumble on Mr. Bond’s fear of an inflation boost.
Expected Economic Data: June S&P Global US Mfg. PMI 51.1, Services 53; May Existing Homes 3.97m
Fed Speakers: Gov Waller 3:00 ET, Gov Bowman 10:00 ET, Chicago Pres Goolsbee 13:10 ET, NY Pres Williams, and Gov Kugle at 14:30 ET
S&P Index 50-day MA: 5737; 100-day MA: 5770; 150-day MA: 5840; 200-day MA: 5814 DJIA 50-day MA: 41,459; 100-day MA: 42,146; 150-day MA: 42,636; 200-day MA: 42,522 (Green is positive slope; Red is negative slope)
S&P 500 Index (5980.87 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 5340.64 triggers a sell signal Daily: Trender is positive; MACD isnegative– a close below 5922.48 triggers a sell signal Hourly: Trender and MACD are negative – a close above 6009.33 triggers a buy signal
Trump on Friday: …the 2020 election was a total FRAUD! The evidence is MASSIVE and OVERWHELMING. A Special Prosecutor must be appointed. This cannot be allowed to happen again in the United States of America! Let the work begin! What this Crooked man, and his CORRUPT CRONIES, have done to our Country in 4 years, is grossly indescribable!… https://truthsocial.com/@realDonaldTrump/posts/114715950565535905
@ElectionWiz: Minnesota suspect Vance Boelter allegedly told FBI in rambling letter that Gov. Tim Walz directed him to target Sen. Amy Klobuchar so Walz could run for the seat, sources say. https://x.com/ElectionWiz/status/1936223276843327656/photo/1
Now we know why Minnesota authorities concealed Boelter’s manifesto! Did Walz consult Hillary? Democrat Lobbyist ARRESTED For Threatening to Commit Violence at Minnesota Capitol What in the world is going on in Minnesota?! Last weekend, a Tim Walz appointee (allegedly) went on a politically-motivated rampage. Now, we have this. A Democrat lobbyist and donor named Jonathan Bohn has been arrested after making threats to shoot people at the Minnesota Capitol… “After January 6, I bought a pistol. Today I bought 500 bullets,” one of the screenshots read. “I can’t wait to shoot one of you (expletives) in the face.”… (Dem contributions at 2nd link) https://wltreport.com/2025/06/20/democrat-lobbyist-arrested-threatening-commit-violence-minnesota-capitol/ https://x.com/nicksortor/status/1936088834283868582/photo/2
Minnesota lobbyist charged after texts threatening to shoot lawmakers – “Today, I bought 500 bullets. I can’t wait to shoot one of you motherf****** in the face,”… “Excited to have my gun at the Capitol and blow somebody’s f****** face off.”…“…I can’t wait to pop ne you mother——- in the head.”… https://www.fox9.com/news/mn-lobbyist-violent-threats-charges-text-messages-june-2025
GOP Gubernatorial Candidate Picks Up Massive Union Endorsement (in New Jersey) One of the most influential labor unions in New Jersey pivoted away from Democrats on Thursday by opting to endorse Jack Ciattarelli, the Trump-backed Republican nominee for governor. The International Union of Operating Engineers Local 825 (IUOE), which represents more than 8,000 heavy equipment operators in the Garden State, praised Ciattarelli as a change candidate after previously backing incumbent Governor Phil Murphy, who is term-limited… Ciattarelli, who narrowly lost to Murphy in 2021 after polling averages projected a double-digit defeat, has pledged to replace current members and top Board of Public Utilities staff. This move will be welcomed by the IUOE, Lalevee told the New Jersey Globe… https://trendingpoliticsnews.com/trump-effect-gop-gubernatorial-candidate-picks-up-massive-union-endorsement-cmc/
Homeland Security @DHSgov: An immigration judge, not a district judge, has the authority to decide if Mr. Khalil should be released or detained. On the same day an immigration judge denied Khalil bond and ordered him removed, one rogue district judge ordered him released. This is yet another example of how out of control members of the judicial branch are undermining national security. Their conduct not only denies the result of the 2024 election, it also does great harm to our constitutional system by undermining public confidence in the courts… An immigration judge has already vindicated this position. We expect a higher court to do the same.
@WesternLensman: Obama pines for a social media Ministry of Truth: “We want diversity of opinion. We don’t want diversity of facts…it will require some government regulatory constraints.” “There is a difference between these platforms letting all voices be heard, versus a business model that elevates the most hateful voices, or the most polarizing voices or the most dangerous in the sense of inciting violence.” “And I that I think is going to be a big challenge for all of us that we’re going to have to undertake.” Obama-approved narratives must go unchallenged, according to Obama.
Ex-Gorsuch clerk @mrddmia: Barack Obama is anti-American, anti-western, blatantly subversive, and highly destructive. (But the usual suspects treated him like a demigod!)
@nicksortor: NEVER FORGET that it was BARACK OBAMA who funded Iran’s weapons program He’s a traitor. Even President Trump is calling him out.https://t.co/YNph3YnpNR
@mrddmia: Bush 43 detained a U.S. citizen for 5 years without a criminal conviction. Obama ordered the killing, via targeted drone strike, of a U.S. citizen (and killed his 16-year-old son). But activist judges pretend Trump cannot detain or expel foreign terrorists. Judicial sabotage.
Bostonians Against Mayor Wu @AntiWuCoalition: Boston is drowning in daylight stabbings, shootings, addicts slumped outside schoolyards — plus dangerous illegals ICE picks up daily. Meanwhile, Boston’s woke @MayorWu: “I’m grateful there’s a police car outside my home 24 hours a day.” You can’t make this up. https://x.com/AntiWuCoalition/status/1935998056140619797
NY Post: Gavin Newsom sipped wine at Napa fundraiser while anti-ICE protesters plunged LA into chaos. Read today’s cover here: https://trib.al/qstsEZw
The Los Angeles Dodgers bragged that they denied ICE agents access to their parking lot. However, the Department of Homeland Security said: “This had nothing to do with the Dodgers. CBP vehicles were in the stadium parking lot very briefly, unrelated to any operation or enforcement.” – DHS https://x.com/DHSgov/status/1935787097048109231
Babylon Bee: Dodgers Announce MS-13 Bobblehead Night – The Los Angeles Dodgers were hoping to attract large crowds at tonight’s game against the Washington Nationals by offering a limited-edition MS-13 bobblehead to commemorate the recent L.A. anti-ICE riots… The first 2,000 undocumented migrants get their very own MS-13 Bobblehead…the Dodgers had also announced that Saturday night’s game would feature a giveaway of free cinder block chunks to the first 15,000 fans so they could have something to throw at ICE agents on their way home… https://babylonbee.com/news/dodgers-announce-ms-13-bobblehead-night
@DHSgov: This “Bellevue man” is a known Tren de Aragua terrorist who violently attacked federal law enforcement. During the attack, the illegal alien threw an ICE agent to the ground, slammed her head into the pavement, ripped off her body armor, and made repeated and physical violent contact. The agent sustained serious injuries to her head and arm. Gabriel Hurtado-Cariaco entered the U.S. illegally in 2023—and Border Patrol removed him. In 2024—under the Biden administration—he re-entered the U.S. illegally and was released into the country with a notice to appear. The Department of Justice has charged Gabriel Hurtado-Cariaco with attempted murder of a federal officer and assault of a federal officer with infliction of bodilyinjury.
Deputy WH COS @StephenM: A terrorist with a previous deportation was voluntarily freed and released into the US by the Biden Administration. He now stands accused of viciously assaulting and nearly murdering a female ICE agent. What the Democrats did to this country is a crime against humanity.
@JamesOKeefeIII: State Department Terminates Visa Specialist Arslan Akhtar Caught on OMG Hidden Camera, Vows to Launch New Employee Screening Measures Akhtar admitted to helping illegal immigrants exploit loopholes to stay in the country…. “Don’t admit the truth. Don’t tell them what you did.” In response, the State Department issued a statement to OMG: “The contractor is no longer employed… Upholding the rule of law and protecting the integrity of our immigration system is essential, which is why the Department will launch a new contractor screening and vetting process.” This is the power of accountability. (Akhtar is President of the Muslim Law Society) ‘F*** AMERICANS, F** ISRAEL’: US State Dept. Visa Specialist Admits to Helping Illegals Evade Deportation: “Don’t Admit the Truth, Don’t Tell Them What You Did” “I do say it to cab drivers that are from, like, Hispanic descent. I’m like, ‘don’t talk to the police’… If you want a loophole, keep your mouth shut.” “F*** these people [Israelis]… I hate them to death.” https://x.com/JamesOKeefeIII/status/1936122539509486030
Democrat Rep. Ted Lieu Tells the National Guard to Disobey Orders from President Trump (This is clearly fomenting insurrection. Give Ted the Jan 6 treatment!) https://grabien.com/story?id=531326
@TheBabylonBee: Democrats Urge People to Stop Inflammatory Rhetoric Unless It’s Against Trump, the Next Hitler Who Must Be Stopped Now https://buff.ly/6BRyyzt
SWAMP STORIES FOR YOU TONIGHT
she is crazy!! after Trump has the most successful operation, she now attacks Trump?
(zerohedge)
“A Complete Bait And Switch”: Marjorie Taylor Greene Flips On Trump, Joins Massie In Iran Pushback
Monday, Jun 23, 2025 – 03:40 PM
Rep. Marjorie Taylor Greene (R-GA) has joined Kentucky Republican Rep. Thomas Massie in slamming the Trump administration’s bombing of Iran, calling it a “bait and switch.”
“I spent millions of my own money and TRAVELED THE ENTIRE COUNTRY campaigning for President Trump and his MAGA agenda and his promises,” she wrote on X. “And Trump’s MAGA agenda included these key promises: NO MORE FOREIGN WARS. NO MORE REGIME CHANGE. WORLD PEACE. And THIS is what the people voted for.”
REP. MARJORIE TAYLOR GREENE (R): No one slept better after America bombed Iran.
We’re getting threats on our homeland. Americans abroad are being told to shelter in place.
“Only 6 months in and we are back into foreign wars, regime change, and world war 3,” she said. “It feels like a complete bait and switch to please the neocons, warmongers, military industrial complex contracts, and neocon tv personalities that MAGA hates and who were NEVER TRUMPERS!”
Greene also slammed the changing narrative around the nature of the strikes – with Trump saying on Saturday evening that Iran’s nuclear facilities in Natanz, Esfahan and Fordow were “completely and totally obliterated,” only for Gen. Dan Caine – chairman of the Joint Chiefs of Staff – to say the next day in a big walkback that the mission inflicted “extremely severe damage and destruction.” (as opposed to obliteration).
“Let me be very clear,” said Greene. “My children are 22, 25, and 27. I will literally fight ANYONE for their future. And their future and their entire generation’s future MUST be free of America LAST foreign wars that provoke terrorists attacks on our homeland, military drafts, and NUCLEAR WAR.”
“I am FIGHTING for them to have a future where they can afford to buy a home, afford insurance, invest for retirement, enjoy life, retain their God given freedoms, afford to raise a family under their Christian faith, not be in debt, safety and security, AND NOT HAVE OUR OWN TAX PAYER FUNDED GOVERNMENT DESTROY IT ALL.”
Greene has previously criticized US involvement in the Ukraine war with Russia. Last year, she joined Massie to file a motion that would vacate House Speaker Mike Johnson – a move that ultimately failed after Democrats teamed up with Republicans to save Johnson’s job.
Greene also appeared on Steve Bannon’s War Room, where she said: “Six months in and here we are, turning back on campaign promises. And we bombed Iran on behalf of Israel. Yes, it was on behalf of Israel,” adding “We are entering a nuclear war—the World War, the World War III, because the entire world is going to erupt.”
Massie, meanwhile, received quite the ‘truthing’ to from Trump over the weekend – lecturing Massie as “not MAGA’ and saying that Maga “Doesn’t want him.”
Critics have said that the Trump people now sound just like Bush-era NeoCons when it comes to taking ‘preemptive’ action over WMD fears in the Middle East.
Massie was seeking to introduce a war powers resolution in the House ahead of ‘bombs away’ on Iran. The conservative and libertarian-leading Congressman wants to legally prohibit American involvement in Iran.
Scientist and inventor Weston Warren is back with a warning about the so-called Black Star or electromagnetic anomaly that has entered our solar system. It’s slow moving, and it’s an event that only happens about every 4,100 to 4,300 years. Warren says it will get close to earth but will not hit Earth. Still, this Black Star will cause Earth changing damage. Black Star throws off electromagnetic power that can affect the iron and nickel molten core of the planet, reshape continents and threaten all life on the planet. Right now, we are seeing increased volcanic activity in places like Indonesia,Italy, the western US and Hawaii. Warren says there is no doubt the Black Star is creating intensifying volcanos, earthquakes and extreme weather all over the world. Warren says, “There are over 1,500 volcanos, and 64 are active as we speak. That’s 30 more volcanos since our last interview 2 months ago. . .. The eastern part of Africa is splitting away. There are all kinds of earthquakes in the Mediterranean. There are earthquakes in the middle of the Atlantic, thousands of feet below the surface. There are all kinds of earthquakes up and down the coast of the western US and South America. This is all live, and you are not hearing about it in the news. This information is being kept from the world’s population. The Earth is testifying. . .. This is intensifying, and it is not dying down.”
Warren says, if you don’t believe in the Black Star—you will. Warren predicts, “Earth events will intensify. We are already seeing it. . .. The information is on the internet. There is an increase of earthquakes, tsunamis, larger hailstones, high wind events and volcanic eruptions where they are having to cancel or reroute flights. It’s going to get worse, and worse and worse to where it is undeniable. Even someone who has not heard this interview will be wondering what is going on? This will affect farming, the ability to plant seeds and have regular rain in the spring. Harvesting row crops will be interrupted. What is that going to do to famine and cost of food. It will be like Biblical proportions, and we are heading towards that. . .. We are three to five years away and not 10 to 20 years away. Our data shows a parabolic rise like a hocky stick. You start out slow, and then it exponentially goes up. We are at that straight up hockey stick where we are going to see more and more drastic weather earthquake events and volcanic events.”
In closing, Warren says, “Are we already starting to see early phases of humanity losing it? They are no longer humane. They are acting more animal and beast-like. Scientifically, with the data we have collected, that is absolutely the case, and it’s going to get worse.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Weston Warren, scientist and inventor of the bipolar ionization technology. He will update us on the Black Star and the damage of Biblical proportions it will cause for 6.21.25.
You can also talk to a human at The Wellness Company and order by calling (800) 758-1584.
For more information on any of the products Weston Scientific sells, feel free to call the company by phone at 573-469-5013.
(Please be advised that some critical parts are becoming much harder to get and this is leading to reduced inventory and items being sold out. Don’t wait to get your air scrubbing tech from Weston Scientific.)
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