LEASE RATES:
platinum ..OFF THE CHART//29.5%
gold: 6.0%
silver lease rate today//6.5%
099 H DEUTSCHE BANK AG 462
190 H BMO CAPITAL MARKETS 1
323 C HSBC 70
332 H STANDARD CHARTERED B 1
363 H WELLS FARGO SECURITI 394
435 H SCOTIA CAPITAL (USA) 20
523 H INTERACTIVE BROKERS 1
657 C MORGAN STANLEY 1
661 C JP MORGAN SECURITIES 50 118
690 C ABN AMRO CLR USA LLC 2 1
709 C BARCLAYS 1
726 C PLUS500US FINANCIAL 1
737 C ADVANTAGE FUTURES 1
845 C GOLDMAN SACHS CLEARI 2
880 C CITIGROUP 1
905 C ADM 15 28
991 H CME 28
GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2025: 599 CONTRACTs NOTICES FOR 59,900 OZ or 1.863 TONNES
total notices so far: 20,838 contracts for 2,083,800 OR 64.814 tonnes)
SILVER NOTICES:2 NOTICE(S) FILED FOR 10,000 OZ/
total number of notices filed so far this month : 1471 CONTRACTS (NOTICES) for 7.355 million oz
EXCHANGE FOR RISK ISSUANCE FOR SILVER/MAY
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 9.275 MILLION OZ (QUITE SMALL AGAIN)
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 0.00 OZ QUEUE JUMP//NEW STANDING REMAINS AT 7.65 MILLION OZ
AUGUST: 60.547 TONNES OF GOLD FOLLOWED BY TODAY’S STRONG QUEUE JUMP OF 1.629 TONNES //NEW STANDING ADVANCES TO 66.255 TONNES OF GOLD/.
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: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 32.006 TONNES QUITE SMALL
SPREADING OPERATIONS
NOW SWITCHING TO GOLD FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF APRIL. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A GOOD SIZED 304 CONTRACTS OI TO 161,262 AND CLOSER TO 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 130 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 130 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 130 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 304 CONTRACTS AND ADD TO THE 130 E.FP. ISSUED
WE OBTAIN A GOOD SIZED GAIN OF 434 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR GAIN IN PRICE OF $1.51 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 2.170 MILLION PAPER OZ
OCCURRED WITH OUR HUGE $1.51 GAIN IN PRICE.
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENT
Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
SHANGHAI CLOSED UP 16.40 PTS OR 0.45%
//Hang Seng CLOSED UP 24.81 PTS OR 0.10%
// Nikkei CLOSED UP 245.32 PTS OR 0.61% //Australia’s all ordinaries CLOSED UP 0.91%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1891 OFFSHORE CLOSED DOWN AT 7.1945/ Oil DOWN TO 65.35 dollars per barrel for WTI and BRENT DOWN TO 68.35 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN IN TRADING AT 7.1891 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1945 AGAINST US DOLLAR/ AND THUS WEAKER
ASIAN MARKETS THIS WEDNESDAY MORNING:
XXXXXXXXXXXXXXXXXXXXXXXXXXXX
END
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 4965 CONTRACTS TO 449,647 OI WITH OUR GAIN IN PRICE OF $8.45 WITH RESPECT TO TUESDAY’S // TRADING.. WE LOST ZERO NET LONGS, WITH THAT PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2225 ). WE HAD NO T.A.S. LIQUIDATION //MONDAY TRADING AS WE HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 7190 CONTRACTS
LAST WEDNESDAY MORNING,JULY 23, MUCH TO MY SHOCK, AFTER A TWO MONTH HIATUS,THE CME ANNOUNCED A 500 EXCHANGE FOR RISK CONTRACT ISSUANCE FOR 50,000 OZ OR 1.555 TONNES. THEN JULY 30 THE CME ANNOUNCED (ISSUED) MUCH TO MY HORROR ITS SECOND EXCHANGE FOR RISK FOR 706 CONTRACTS OR 70,600 OZ (2.195 TONNES) AS THE BANK OF ENGLAND WAS NOT SATISFIED AND NEEDS MORE GOLD TO COVER ITS LEASES TO BULLION BANKS. OR IT COULD BE THE FRBNY WHO ALSO OWES GOLD TO THE BIS AND THEY NEED TO COVER BADLY!!.THE TOTAL EXCHANGE FOR RISK FOR THE MONTH OF JULY IS NOW 3.750 TONNES OF GOLD WHICH WAS ADDED TO OUR REGULAR DELIVERY TO GIVE US OUR FINAL TOTALS FOR JULY!
EARLY THIS TUESDAY MORNING THE CME ANNOUNCED A ZERO EXCHANGE FOR RISK ISSUANCE!
HISTORY: LAST SEVEN MONTH’S EXCHANGE FOR RISK
IN FEBRUARY:
WE HAD A HUGE FIVE EXCHANGE FOR RISKS ISSUANCES FOR GOLD, TOTALLING 18.4527 TONNES!.
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 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
jULY: 2 OCCASIONS LATE IN JULY: 1206 CONTRACTS FOR 120,600 OZ OR 3.750 TONNES/ISSUED JULY 23/2025 AND JULY 30/2025
AUGUST: 0 SO FAR
THE RECIPIENT OF ALL OF THESE EXCHANGE FOR RISK CONTRACTS IS GENERALLY 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 OR FRBNY 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 6TH MONTH FOR ISSUANCE OF EXCHANGE FOR RISK !!.(DEC THROUGH JULY WITH A TWO MONTH HIATUS)
DETAILS ON JULY COMEX MONTH//INITIAL
IN TOTAL WE HAD A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 7190 CONTRACTS WITH OUR GAIN IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT OF THE WEEK AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTACKS VERY EARLY IN THE COMEX SESSIONS AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THEIR DAILY ATTACKS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS. LONDON ANNOUNCED EARLY IN THE YEAR (AND SCARCITY CONTINUES TO THIS DAY) 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 INCREASED TO 5.0% AS GOLD IN LONDON IS STILL EXTREMELY SCARCE.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE , JULY AND NOW AUGUST CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY ALTHOUGH THE T.A.S. ISSUANCES IN GOLD HAVE GENERALLY BEEN ON THE LOW SIDE COMPARED TO SILVER WHICH HAVE BEEN HUGE. TODAY’S NUMBER IS A SMALL T.A.S ISSUANCE AS THE CME NOTIFIES US THAT THEY HAVE ISSUED A 940 T.A.S CONTRACTS. THESE T.A.S ISSUANCES ARE USED FOR RAID PURPOSES TO STOP GOLD’S RISE AND TO TEMPER HUGE LOSSES IN OTC DERIVATIVE BETS AND IT WAS IN FULL FORCE WITH LAST WEEK’S RAID DURING COMEX OPTION EXPIRY WEEK. THE TAS SPREADER LIQUIDATIONS COMBINE AT MONTH END WITH OUR MONTHLY SPREADERS AS THEY JOIN FORCES IN AN ATTEMPT TO TEMPER THE GOLD/SILVER PRICE GAINS. THE RAIDS ON OUR PRECIOUS METALS CONTINUED YESTERDAY WITH HUGE FURY AS WE FINALIZED THE LONDON/OTC OPTION EXPIRY.
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 , FINAL STANDING WAS RECORDED AT 93.085 TONNES. (IS THE COMEX RUNNING OUT OF GOLD?)//TOTAL NET QUEUE JUMPING FOR THE JUNE MONTH: 31.027 TONNES. IN JULY WE HAD HUGE DELIVERY NOTICES ESPECIALLY FOR A NON ACTIVE DELIVERY MONTH WITH INITIAL STANDING AT 17.947 TONNES PLUS TODAY’S QUEUE JUMP OF 1.577 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK PRIOR + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES OF GOLD
NEW FINAL TOTAL TONNES STANDING JULY: 41.106 TONNES
AND NOW FOR THE MONTH OF AUGUST:
INITIAL AMOUNT OF GOLD STANDING FOR AUGUST: 60.547 TONNES PLUS TODAY’S STRONG QUEUE JUMP OF 1.629 TONNES//NEW STANDING 66.255 TONNES
THE FED IS THE OTHER MAJOR SHORT OF AROUND 34+ 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 231 TO 234 EPISODES AS HE TACKLES THIS IMPORTANT TOPIC. THE MAJOR FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE SHORT 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. THE FRBNY IS NOW NONE COMPLIANT WITH RESPECT TO BASEL III BUT IT IS NOT NECESSARY FOR THEM TO BE COMPLIANT ONLY COMMERCIAL BANKERS MUST BE.
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 ( COMEX) IS NOW COMPLIANT EFFECTIVE 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.
WE HAVE A HUGE 60.547 TONNES OF INITIAL GOLD STANDING FOR AUGUST, FIRST DAY NOTICE FOLLOWED BY A STRONG QUEUE JUMP OF 1.629 TONNES/NEW STANDING ADVANCES TO 66/255 TONNES.
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 2225 EFP CONTRACT WAS ISSUED: : /AUGUST 2225 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2225 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. THE REGULATORY BODY THAT IS SUPPOSE TO CONTROL THESE EFP’S IS THE OCC HEADQUARTERED IN BOTH LONDON AND WASHINGTON.
WE HAD :
- ZERO LIQUIDATION OF OUR T.A.S. SPREADERS//TUESDAY
- MONTH END SPREADERS WILL APPEAR ON THE LAST WEEK OF AUGUST.
T.A.S.SPREADER ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR TUESDAY NIGHT/WEDNESDAY MORNING WAS A SMALL SIZED SIZED 688 CONTRACTS
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR OTHERWISE LIKE THIS PAST WEEK ON OPTIONS EXPIRY WEEK ACCOMPLISHES TWO IMPORTANT ASPECTS FOR OUR CROOKS:
- STALLS THE ADVANCE IN PRICE
- LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
MECHANICS OF T.A.S CONTRACTS TRADING;
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..
THAT SET UP YESTERDAY’S CONSIDERABLE GAIN IN PRICE IN GOLD AND SILVER AND A CORRESPONDING GAIN OF STRONG COMEX OI. THE COMEX IS IN TOTAL TURMOIL ESPECIALLY WITH THE RARE TWO ISSUANCES OF EXCHANGE FOR RISK! THE RAIDS THROUGHOUT LAST WEEK’S OPTION EXPIRY WEEK WERE USED TO LOWER THE HUGE DERIVATIVE LOSSES ENDURED BY THE BANKERS.
STANDING FOR GOLD LAST 7 MONTHS OF 2025:
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: FINAL STANDING 62.534 TONNES PLUS 0.1493TONNES OF QUEUE JUMP EQUALS 93.085 TONNES
JULY: 17.947 TONNES INITIAL STANDING FIRST DAY NOTICE PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK/PRIOR + 2.195 EX FOR RISK TODAY = = 41.106 TONNES
AUGUST:INITIAL AMOUNT OF GOLD STANDING: 60.547 TONNES FOLLOWED TO TODAY’S STRONG QUEUE JUMP OF 1.629 TONNES//NEW STANDING ADVANCES TO 66.255 TONNES.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 MONTHS OF 2021-2025:
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:STANDING FOR GOLD/COMEX
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD TRADING/AUGUST CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY A $8.45/ /) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A STRONG SIZED GAIN IN OI FROM TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD ZERO T.A.S. SPREADER LIQUIDATION (AND MONTH END SPREADERS DISAPPEARED FROM THE SCENE) ///. THE BANKERS ARE QUITE NERVOUS ABOUT BASEL III WITH ITS IMPLEMENTATION COMMENCING JULY 1. THEY ARE VERY CONCERNED WITH THEIR HIGH AMOUNT OF DERIVATIVES LOSSES ON THEIR BOOKS. THUS THE REASON THEY NEEDED THESE T.A.S. ISSUANCES, IN ORDER TO FORMALIZE RAIDS ON OUR PRECIOUS METALS WHICH OF COURSE NORMALLY ENDS IN TOTAL FAILURE LIKE IT DID ON FRIDAY.
TUESDAY MORNING//MONDAY 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 TUESDAY EVENING/ WEDNESDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING WEEKS TO DELIVER
EXCHANGE FOR RISK EXPLANATION/FEB THROUGH /JULY 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 OF APRIL//TOTAL ISSUANCES 7 FOR 8.3571 TONNES OF GOLD!:
ISSUANCE FOR EXCHANGE FOR RISK ON FIRST DAY NOTICE//APRILL MONTH// WAS 700 CONTRACTS FOR 70,000 OZ OR 2.177 TONNES OF GOLD TO WHICH WE ADD (APRIL 4) : 250 CONTRACTS FOR 25,000 OZ OR .777 TONNES, APRIL 7 ISSUANCE OF 280 CONTRACTS FOR 28,000 OZ OR .8709 TONNES THEN APRIL 9 484 CONTRACTS FOR 48400 OZ OR 1.5054 TONNES AND FINALLY MONDAY MORNING APRIL 14 AT 200 CONTRACTS FOR 20,000 OZ OR .5816 TONNES AND NOW APRIL 24: 600 CONTRACTS FOR 60,000 OZ OR 1.866 TONNES AND NOW APRIL 25 187 CONTRACTS FOR 18700 OZ OR .5816 TONNES//NEW FINAL TOTAL ISSUANCE FOR APRIL: 8.3571 TONNES!!. APRIL ISSUANCE OF EXCHANGE FOR RISK MEANS WE NOW HAVE 5 CONSECUTIVE MONTHS FOR EXCHANGE FOR RISK ISSUANCE. THESE DELIVERIES WERE ADDED TO OUR NORMAL DELIVERY CYCLE.
MAY ISSUANCE OF EXCHANGE FOR RISK NOW TOTALS 3 ISSUANCES FOR 308,350 OZ. THIS TOTALS 9.591 TONNES OF GOLD WHICH WILL BE ADDED TO OUR REGULAR DELIVERY SCHEDULE. THE RECPIENT OF THIS LARGESS IS THE BANK OF ENGLAND.
JUNE ISSUANCE: ZERO
JULY ISSUANCE; AFTER A TWO MONTH HIATUS AFTER AN INITIAL ISSUANCE OF 500 CONTRACTS FOR 50,000 OZ OR 1.555 TONNES OF GOLD (OCCURRED ON JULY 25) THE CME NOTIFIED US OF A SECOND ISSUANCE OF 706 CONTRACTS FOR 70,600 OZ OR 2.195 TONNES WHICH WILL BE ADDED TO OUR OFFICIAL STANDING. THUS 35.176 TONNES OFFICIAL STANDING + 1.555 TONNES EX FOR RISK PRIOR + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES OF GOLD STANDING
AUGUST: 0 so far!
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
ANALYSIS JULY DELIVERY MONTH GOING FROM FIRST DAY NOTICE// AUGUST COMEX CONTRACT
WE HAVE GAINED A STRONG SIZED TOTAL OF 25.65 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR AUGUST FIRST RECORDED AT 60.547 TONNES ON FIRST DAY NOTICE TO WHICH WE ADD TUESDAY’S STRONG QUEUE JUMP OF 1.629 TONNES OF GOLD//NEW STANDING ADVANCES TO 66.255 TONNES
ALL OF THIS HUGE STANDING FOR AUGUST WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $8.45
WE HAD A HUGE 1056 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 7190 CONTRACTS OR 719,000 0Z (22.36 TONNES)
confirmed volume TUESDAY 172,959 contracts// poor
speculators have left the gold arena
END
INITIAL GOLD COMEX
AUGUST 6 CONTRACT MONTH
AUGUST 1/2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1 entry Out of Brinks 121,016.364 oz 3764 kilobars total withdrawal 121,016.364 oz (3.764 tonnes) . |
| Deposit to the Dealer Inventory in oz | 0 ENTRIES |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 0 ENTRY xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 599 notice(s) 59,900 OZ 1.863 TONNES |
| No of oz to be served (notices) | 463 contracts 46,300 OZ 1.440 TONNES |
| Total monthly oz gold served (contracts) so far this month | 20,838 notices 2,083,800 oz 64.814 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 ENTRIES
xxxxxxxxxxxxxxxxxxxxx
DEPOSITS/CUSTOMER
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
customer withdrawal
1 entry
Out of Brinks 121,016.364 oz
3764 kilobars
total withdrawal 121,016.364 oz
(3.764 tonnes)
adjustments: 0
AMOUNT OF GOLD STANDING FOR AUGUST
THE FRONT MONTH OF AUGUST STANDS AT 1062 CONTRACTS FOR A GAIN OF 411 CONTRACTS
WE HAD 113 CONTRACTS SERVED ON TUESDAY SO WE GAINED A STRONG SIZED 524 CONTRACTS OR A 52,400 OZ OF GOLD (1.629 TONNES) EXERCISED A QUEUE JUMP AS THEY WERE WILLING TO STAND FOR PHYSICAL METAL ON THIS SIDE OF THE POND. THIS REPRESENTS CENTRAL BANKS STANDING FOR PHYSICAL GOLD.
SEPT GAINED 12 CONTRACTS TO 6079
OCTOBER LOST 101 CONTRACTS UP TO 70,823
We had 113 contracts filed for today representing 11,300 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 50 notices issued from their client or customer account. The total of all issuance by all participants equate to 599 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 118 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for AUGUST /2025. contract month, we take the total number of notices filed so far for the month (20,838 X 100 oz ) to which we add the difference between the open interest for the front month of AUGUST ( 1062 CONTRACTS) minus the number of notices served upon today (599 x 100 oz per contract) equals 2,130,100 OZ OR 66.255TONNES
thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (20,838 x 100 oz +we add the difference for front month of AUGUST (1062 OI} minus the number of notices served upon today (599 x 100 oz) which equals 2,130,100 OZ OR 66.255 TONNES
TOTAL COMEX GOLD STANDING FOR AUGUST.: 66.255 TONNES WHICH IS VERY STRONG FOR THIS NORMALLY ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,013,971.585 oz 62.642 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 38,679,703.321 oz
TOTAL REGISTERED GOLD 21,297,893.529 or 662.454 tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,381,809.792 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 19,275,740 oz ((REG GOLD- PLEDGED GOLD)= 599.55tonnes // ( a bid drop of 10 tonnes
total inventories in gold declining rapidly
SILVER/COMEX
SILVER/COMEX
THE AUGUST 2025 SILVER CONTRACT//INITIAL
AUGUST 6 2025
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 2 ENTRIES i) Out of Brinks 598,643.750 oz ii) out of Delaware 2006.75 oz total withdrawal 600,650.500 oz |
| Deposits to the Dealer Inventory | 0 |
| Deposits to the Customer Inventory | 1 DEPOSIT ENTRY/CUSTOMER ACCOUNT i) Into Brinks 273,024.300 oz total deposit 273,024.300 oz |
| No of oz served today (contracts) | 2 CONTRACT(S) (10,000 OZ |
| No of oz to be served (notices) | 59 contracts (0.295 MILLION oz) |
| Total monthly oz silver served (contracts) | 1471 Contracts (7.355 million oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
0 deposit into dealer accounts
0 ENTRY
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1 DEPOSIT ENTRY/CUSTOMER ACCOUNT
i) Into Brinks 273,024.300 oz
total deposit 273,024.300 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
2 ENTRIES
i) Out of Brinks 598,643.750 oz
ii) out of Delaware 2006.75 oz
total withdrawal 600,650.500 oz
ADJUSTMENTs 1
dealer to customer Asahi: 343,094.900 oz
TOTAL REGISTERED SILVER: 190.400 MILLION OZ//.TOTAL REG + ELIGIBLE. 505.984 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY
silver open interest data:
FRONT MONTH OF AUGUST /2025 OI: 61 OPEN INTEREST CONTRACTS FOR A LOSS OF 405 CONTRACTS. WE HAD 405 CONTRACTS SERVED ON MONDAY SO WE GAINED 0 CONTRACTS OR AN ADDITIONAL NIL OZ WILL STAND AS THEY ENTERTAINED A HUGE QUEUE JUMP
SEPTEMBER LOST 711 CONTRACTS DOWN TO 107,815 CONTRACTS.
OCTOBER GAINED 12 CONTRACTS TO 462
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 405 or 2.025 MILLION oz
CONFIRMED volume; ON TUESDAY 57,020 fair//
AND NOW AUGUST DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in AUGUST. we take the total number of notices filed for the month so far at 1471 X5,000 oz = 7.355 MILLION oz
to which we add the difference between the open interest for the front month of AUGUST (61) AND the number of notices served upon today (2 )x (5000 oz)
Thus the standings for silver for the AUGUST 2025 contract month: (1471) Notices served so far) x 5000 oz + OI for the front month of AUGUST(61) minus number of notices served upon today (2)x 5000 oz equals silver standing for the AUGUST contract month equating to 7.650 MILLION OZ .
New total standing: 7.650 million oz which is pretty good for this NON active delivery month of AUGUST. THE SILVER COMEX IS NOW UNDER SIEGE!!
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 190.400 million oz of registered silver
JPMorgan as a percentage of total silver: 210.283/505.984 million. 41.58%
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!
AUGUST 6 WITH GOLD DOWN $8.15 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.14 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 955.94 TONNES
AUGUST 5 WITH GOLD UP $8.45 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 954.80 TONNES
AUGUST 4 WITH GOLD UP $24.65 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.43 TONNES OF GOLD FROM THE GLD/://// ///INVENTORY RESTS AT 953.08 TONNES
AUGUST 1 WITH GOLD UP $51.40 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/://// ///INVENTORY RESTS AT 954.51 TONNES/
JULY 31 WITH GOLD DOWN $2.65 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 956.23 TONNES/
JULY 30 WITH GOLD DOWN $27.50 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 956.23 TONNES/
JULY 29 WITH GOLD UP $16.45 TODAY//SMALL CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.86 TONNES OF GOLD FROM THE GLD/ //// ///INVENTORY RESTS AT 956.23 TONNES/
JULY 28 WITH GOLD DOWN $24.00 TODAY//NO CHANGES IN GOLD AT THE GLD: //// ///INVENTORY RESTS AT 957.09 TONNES/
JULY 25 WITH GOLD DOWN $37.30 TODAY//HUGE CHANGES IN GOLD AT THE GLD: A HUGE DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD//// ///INVENTORY RESTS AT 957.09 TONNES/
JULY 24 WITH GOLD DOWN $17.30 TODAY//HUGE CHANGES IN GOLD AT THE GLD: NO CHANGES AT THE GLD// ///INVENTORY RESTS AT 954.80 TONNES/
JULY 23 WITH GOLD DOWN $40.00 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A FRAUDULENT DEPOSIT OF 7.74 TONNES OF GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 954.80 TONNES/
JULY 22 WITH GOLD UP $36.60 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A FRAUDULENT DEPOSIT OF 3.43 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 947.06 TONNES/
JULY 21 WITH GOLD UP $40.30 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A FRAUDULENT WITHDRAWAL OF 4.87 TONNES OF GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 943.63 TONNES/
JULY 18 WITH GOLD UP $11.10 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 2.29 TONNES OF GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 948.50 TONNES/
JULY 17 WITH GOLD DOWN $11.10 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 3.14 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 950.79 TONNES/
JULY 16 WITH GOLD UP $22.70 TODAY//NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 947.64 TONNES/
JULY 15 WITH GOLD DOWN $20.80 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.17 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 947.64 TONNES/
JULY 14 WITH GOLD UP $0.90 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.44 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 948.81 TONNES/
JULY 11 WITH GOLD UP $32.35 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.44 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 948.81 TONNES/
JULY 10 WITH GOLD UP $4.75 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 0.860 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 947.37 TONNES/
JULY 9 WITH GOLD UP $4.05 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 946.51 TONNES/
JULY 8 WITH GOLD $24.65 TODAY// NO CHANGES IN GOLD AT THE GLD //: /// ///INVENTORY RESTS AT 947.66 TONNES/
JULY 7 WITH GOLD UP $0.50 TODAY// NO CHANGES IN GOLD AT THE GLD //: /// ///INVENTORY RESTS AT 947.66 TONNES/
JULY 3 WITH GOLD DOWN $15.40 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 0.57 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 947.66 TONNES/
JULY 2 WITH GOLD UP $8.95 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 4.30 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 948.23 TONNES/
JULY 1 WITH GOLD UP $43.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.29 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 952.53 TONNES/
JUNE 30 WITH GOLD UP $20.00 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.43 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 954.82 TONNES/
JUNE 27 WITH GOLD DOWN $58.50 TODAY// NO CHANGES IN GOLD AT THE GLD //: /// ///INVENTORY RESTS AT 953.39 TONNES/
JUNE 26 WITH GOLD UP $4.90 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.29 TONNES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 953.39 TONNES/
JUNE 25 WITH GOLD UP $8.70 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 955.68 TONNES/
JUNE 24 WITH GOLD DOWN $58.05 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 7.16 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 957.40 TONNES/SINCE JUNE 13 ADDED 24.49 TONNES
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
GLD INVENTORY: 955.94 TONNES, TONIGHTS TOTAL
SILVER
AUGUST 6 WITH SILVER UP $0.02/ SMALL CHANGES AT THE SLV//: A DEPOSIT OF 0.727 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 483.691 MILLION OZ.//
AUGUST 5 WITH SILVER UP $1.51/ SMALL CHANGES AT THE SLV//: A WITHDRAWAL OF 1.119 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 482.964 MILLION OZ.//
AUGUST 4 WITH SILVER UP $0.50/ SMALL CHANGES AT THE SLV//: A WITHDRAWAL OF 0.183 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 484.083 MILLION OZ.//
AUGUST 1 WITH SILVER UP $0.19/ HUGE CHANGES AT THE SLV//: A WITHDRAWAL OF 2.816 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 484.264 MILLION OZ.//
JULY 31 WITH SILVER DOWN $1.00/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 0.454 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 487/398 MILLION OZ.//
JULY 30 WITH SILVER DOWN $0.54/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 0.454 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 487.852 MILLION OZ.//
JULY 29 WITH SILVER UP $0.11/ HUGE CHANGES AT THE SLV//: A WITHDRAWAL OF 2.211 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 487.398 MILLION OZ.//
JULY 25 WITH SILVER DOWN $0.84/ NO CHANGES AT THE SLV//:.////INVENTORY RESTS AT 488.942 MILLION OZ.//
JULY 24 WITH SILVER DOWN $0.11/ HUGE CHANGES AT THE SLV// A FRAUDLENT DEPOSIT OF 4.906 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 488.942 MILLION OZ.//
JULY 23 WITH SILVER DOWN $0.04/ HUGE CHANGES AT THE SLV// A FRAUDLENT DEPOSIT OF 4.906 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 487.353 MILLION OZ.//
JULY 22 WITH SILVER UP $0.20/ HUGE CHANGES AT THE SLV// A FRAUDLENT DEPOSIT OF 11.175 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 482.447 MILLION OZ.//
JULY 21 WITH SILVER UP $0.78/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 1.181 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 471.272 MILLION OZ.//
JULY 18 WITH SILVER UP $0.13/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 3.998 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 472.453 MILLION OZ.//
JULY 17 WITH SILVER UP $0.22/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 1.181 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 476.451 MILLION OZ.//
JULY 16 WITH SILVER UP $0.09/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 3.543 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 477.632 MILLION OZ.//
JULY 15 WITH SILVER DOWN $0.65/ HUGE CHANGES AT THE SLV// A DEPOSIT OF 2.453 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 481.175 MILLION OZ.//
JULY 14 WITH SILVER UP $0.14/ HUGE CHANGES AT THE SLV// A WITHDRAWAL OF 2.453 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 478.722 MILLION OZ.//
JULY 11 WITH SILVER UP $1.42/ HUGE CHANGES AT THE SLV// A WITHDRAWAL OF 2.453 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 478.722 MILLION OZ.//
JULY 10 WITH SILVER UP $0.47/ NO CHANGES AT THE SLV// A DEPOST OF 0.999 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 481.175 MILLION OZ.//
JULY 9 WITH SILVER DOWN $0.18/ NO CHANGES AT THE SLV// A DEPOST OF 2.136 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 480.176 MILLION OZ.//
JULY 8 WITH SILVER DOWN $0.16/ NO CHANGES AT THE SLV A DEPOST OF 0.000 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 478.040 MILLION OZ.//
JULY 7 WITH SILVER DOWN $0.14/ HUGE CHANGES AT THE SLV A DEPOST OF 0.727 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 478.040 MILLION OZ.//
JULY 3 WITH SILVER UP $0.34/ HUGE CHANGES AT THE SLV A WITHDRAWAL OF 0.917 MILLION OZ IOUT OF THE SLV//:.////INVENTORY RESTS AT 477.313 MILLION OZ.//
JULY 2 WITH SILVER UP $0.36/ HUGE CHANGES AT THE SLV A DEPOSIT OF 1.363 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 478.049 MILLION OZ.//
JULY 1 WITH SILVER UP $0.21/ HUGE CHANGES AT THE SLVA WITHDRAWAL OF 1.272 MILLION OZ FROM THE SLV//:.////INVENTORY RESTS AT 476,686 MILLION OZ.//
JUNE 30 WITH SILVER DOWN $0.20/ NO CHANGES AT THE SLV:.////INVENTORY RESTS AT 477.958 MILLION OZ.//
JUNE 27 WITH SILVER DOWN $0.53/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 1.636 MILLION OZ IOUT OF THE SLV..////INVENTORY RESTS AT 477.958 MILLION OZ.//
JUNE 26 WITH SILVER UP $0.48/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 1.091 MILLION OZ IOUT OF THE SLV..////INVENTORY RESTS AT 479.594 MILLION OZ.//
JUNE 25 WITH SILVER UP $0.35/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 2.363 MILLION OZ IOUT OF THE SLV..////INVENTORY RESTS AT 480.685 MILLION OZ.//
JUNE 24 WITH SILVER DOWN $0.37/ HUGE CHANGES AT THE SLV:. A DEPOSIT OF 3.453 MILLION OZ INTO THE SLV..////INVENTORY RESTS AT 480.685 MILLION OZ.//FROM JUNE 2 A HUGE 19.264 MILLION OZ ADDED
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.
CLOSING INVENTORY 483.691 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
PETER SCHIFF
2. MATHEW PIEPENBERG/VON GREYERZ/RON STOEFERLE
ALASDAIR MACLEOD…
3. CHRIS POWELL AND GATA GOLD DISPATCHES
SILVER/COMEX
THE AUGUST 2025 SILVER CONTRACT//INITIAL
AUGUST 6 2025
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 ENTRY one entry i) Out of Loomis: 290,637.380 oz total withdrawal 290,637.380 oz |
| Deposits to the Dealer Inventory | 0 |
| Deposits to the Customer Inventory | 0 DEPOSIT ENTRY/CUSTOMER ACCOUNT |
| No of oz served today (contracts) | 405 CONTRACT(S) (2.025MILLION OZ |
| No of oz to be served (notices) | 61 contracts (0.3050 MILLION oz) |
| Total monthly oz silver served (contracts) | 1469 Contracts (7.345 million oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
1 deposit into dealer accounts
0 ENTRY
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
0 DEPOSIT ENTRY/CUSTOMER ACCOUNT
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
one entry
i) Out of Loomis: 59,442.680 oz
total withdrawal 59,442.680 oz
ADJUSTMENTs 0
TOTAL REGISTERED SILVER: 190.743 MILLION OZ//.TOTAL REG + ELIGIBLE. 506.311 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY
silver open interest data:
FRONT MONTH OF AUGUST /2025 OI: 461 OPEN INTEREST CONTRACTS FOR A GAIN OF 360 CONTRACTS. WE HAD 95 CONTRACTS SERVED ON MONDAY SO WE GAINED 455 CONTRACTS OR AN ADDITIONAL 2.275 MILLION OZ WILL STAND AS THEY ENTERTAINED A HUGE QUEUE JUMP
SEPTEMBER LOST 1158 CONTRACTS DOWN TO 108,526 CONTRACTS.
OCTOBER GAINED 76 CONTRACTS TO 450
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 405 or 2.025 MILLION oz
CONFIRMED volume; ON MONDAY 52,999 fair//
AND NOW AUGUST DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in AUGUST. we take the total number of notices filed for the month so far at 1469 X5,000 oz = 7.345 MILLION oz
to which we add the difference between the open interest for the front month of AUGUST (461) AND the number of notices served upon today (405 )x (5000 oz)
Thus the standings for silver for the AUGUST 2025 contract month: (1469) Notices served so far) x 5000 oz + OI for the front month of AUGUST(461) minus number of notices served upon today (113)x 5000 oz equals silver standing for the AUGUST contract month equating to 7.65 MILLION OZ .
New total standing: 7.650 million oz which is pretty good for this NON active delivery month of AUGUST. THE SILVER COMEX IS NOW UNDER SIEGE!!
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 190.743 million oz of registered silver
JPMorgan as a percentage of total silver: 210.283/506.311 million. 41.65%
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!
AUGUST 5 WITH GOLD UP $8.45 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 954.80 TONNES
AUGUST 4 WITH GOLD UP $24.65 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.43 TONNES OF GOLD FROM THE GLD/://// ///INVENTORY RESTS AT 953.08 TONNES
AUGUST 1 WITH GOLD UP $51.40 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/://// ///INVENTORY RESTS AT 954.51 TONNES/
JULY 31 WITH GOLD DOWN $2.65 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 956.23 TONNES/
JULY 30 WITH GOLD DOWN $27.50 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 956.23 TONNES/
JULY 29 WITH GOLD UP $16.45 TODAY//SMALL CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.86 TONNES OF GOLD FROM THE GLD/ //// ///INVENTORY RESTS AT 956.23 TONNES/
JULY 28 WITH GOLD DOWN $24.00 TODAY//NO CHANGES IN GOLD AT THE GLD: //// ///INVENTORY RESTS AT 957.09 TONNES/
JULY 25 WITH GOLD DOWN $37.30 TODAY//HUGE CHANGES IN GOLD AT THE GLD: A HUGE DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD//// ///INVENTORY RESTS AT 957.09 TONNES/
JULY 24 WITH GOLD DOWN $17.30 TODAY//HUGE CHANGES IN GOLD AT THE GLD: NO CHANGES AT THE GLD// ///INVENTORY RESTS AT 954.80 TONNES/
JULY 23 WITH GOLD DOWN $40.00 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A FRAUDULENT DEPOSIT OF 7.74 TONNES OF GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 954.80 TONNES/
JULY 22 WITH GOLD UP $36.60 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A FRAUDULENT DEPOSIT OF 3.43 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 947.06 TONNES/
JULY 21 WITH GOLD UP $40.30 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A FRAUDULENT WITHDRAWAL OF 4.87 TONNES OF GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 943.63 TONNES/
JULY 18 WITH GOLD UP $11.10 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 2.29 TONNES OF GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 948.50 TONNES/
JULY 17 WITH GOLD DOWN $11.10 TODAY//HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 3.14 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 950.79 TONNES/
JULY 16 WITH GOLD UP $22.70 TODAY//NO CHANGES IN GOLD AT THE GLD: ///INVENTORY RESTS AT 947.64 TONNES/
JULY 15 WITH GOLD DOWN $20.80 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.17 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 947.64 TONNES/
JULY 14 WITH GOLD UP $0.90 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.44 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 948.81 TONNES/
JULY 11 WITH GOLD UP $32.35 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.44 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 948.81 TONNES/
JULY 10 WITH GOLD UP $4.75 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 0.860 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 947.37 TONNES/
JULY 9 WITH GOLD UP $4.05 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 946.51 TONNES/
JULY 8 WITH GOLD $24.65 TODAY// NO CHANGES IN GOLD AT THE GLD //: /// ///INVENTORY RESTS AT 947.66 TONNES/
JULY 7 WITH GOLD UP $0.50 TODAY// NO CHANGES IN GOLD AT THE GLD //: /// ///INVENTORY RESTS AT 947.66 TONNES/
JULY 3 WITH GOLD DOWN $15.40 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 0.57 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 947.66 TONNES/
JULY 2 WITH GOLD UP $8.95 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 4.30 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 948.23 TONNES/
JULY 1 WITH GOLD UP $43.85 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.29 TONNES OF GOLD OUT OF THE GLD //: /// ///INVENTORY RESTS AT 952.53 TONNES/
JUNE 30 WITH GOLD UP $20.00 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.43 TONNES OF GOLD INOT THE GLD //: /// ///INVENTORY RESTS AT 954.82 TONNES/
JUNE 27 WITH GOLD DOWN $58.50 TODAY// NO CHANGES IN GOLD AT THE GLD //: /// ///INVENTORY RESTS AT 953.39 TONNES/
JUNE 26 WITH GOLD UP $4.90 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.29 TONNES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 953.39 TONNES/
JUNE 25 WITH GOLD UP $8.70 TODAY// HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD//: /// ///INVENTORY RESTS AT 955.68 TONNES/
JUNE 24 WITH GOLD DOWN $58.05 TODAY// HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 7.16 TONNES OF GOLD INTO THE GLD//: /// ///INVENTORY RESTS AT 957.40 TONNES/SINCE JUNE 13 ADDED 24.49 TONNES
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
GLD INVENTORY: 954.80 TONNES, TONIGHTS TOTAL
SILVER
AUGUST 5 WITH SILVER UP $1.51/ SMALL CHANGES AT THE SLV//: A WITHDRAWAL OF 1.119 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 482.964 MILLION OZ.//
AUGUST 4 WITH SILVER UP $0.50/ SMALL CHANGES AT THE SLV//: A WITHDRAWAL OF 0.183 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 484.083 MILLION OZ.//
AUGUST 1 WITH SILVER UP $0.19/ HUGE CHANGES AT THE SLV//: A WITHDRAWAL OF 2.816 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 484.264 MILLION OZ.//
JULY 31 WITH SILVER DOWN $1.00/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 0.454 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 487/398 MILLION OZ.//
JULY 30 WITH SILVER DOWN $0.54/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 0.454 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 487.852 MILLION OZ.//
JULY 29 WITH SILVER UP $0.11/ HUGE CHANGES AT THE SLV//: A WITHDRAWAL OF 2.211 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 487.398 MILLION OZ.//
JULY 25 WITH SILVER DOWN $0.84/ NO CHANGES AT THE SLV//:.////INVENTORY RESTS AT 488.942 MILLION OZ.//
JULY 24 WITH SILVER DOWN $0.11/ HUGE CHANGES AT THE SLV// A FRAUDLENT DEPOSIT OF 4.906 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 488.942 MILLION OZ.//
JULY 23 WITH SILVER DOWN $0.04/ HUGE CHANGES AT THE SLV// A FRAUDLENT DEPOSIT OF 4.906 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 487.353 MILLION OZ.//
JULY 22 WITH SILVER UP $0.20/ HUGE CHANGES AT THE SLV// A FRAUDLENT DEPOSIT OF 11.175 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 482.447 MILLION OZ.//
JULY 21 WITH SILVER UP $0.78/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 1.181 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 471.272 MILLION OZ.//
JULY 18 WITH SILVER UP $0.13/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 3.998 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 472.453 MILLION OZ.//
JULY 17 WITH SILVER UP $0.22/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 1.181 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 476.451 MILLION OZ.//
JULY 16 WITH SILVER UP $0.09/ HUGE CHANGES AT THE SLV// A FRAUDLENT WITHDRAWAL OF 3.543 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 477.632 MILLION OZ.//
JULY 15 WITH SILVER DOWN $0.65/ HUGE CHANGES AT THE SLV// A DEPOSIT OF 2.453 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 481.175 MILLION OZ.//
JULY 14 WITH SILVER UP $0.14/ HUGE CHANGES AT THE SLV// A WITHDRAWAL OF 2.453 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 478.722 MILLION OZ.//
JULY 11 WITH SILVER UP $1.42/ HUGE CHANGES AT THE SLV// A WITHDRAWAL OF 2.453 MILLION OZ OUT OF THE SLV//:.////INVENTORY RESTS AT 478.722 MILLION OZ.//
JULY 10 WITH SILVER UP $0.47/ NO CHANGES AT THE SLV// A DEPOST OF 0.999 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 481.175 MILLION OZ.//
JULY 9 WITH SILVER DOWN $0.18/ NO CHANGES AT THE SLV// A DEPOST OF 2.136 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 480.176 MILLION OZ.//
JULY 8 WITH SILVER DOWN $0.16/ NO CHANGES AT THE SLV A DEPOST OF 0.000 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 478.040 MILLION OZ.//
JULY 7 WITH SILVER DOWN $0.14/ HUGE CHANGES AT THE SLV A DEPOST OF 0.727 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 478.040 MILLION OZ.//
JULY 3 WITH SILVER UP $0.34/ HUGE CHANGES AT THE SLV A WITHDRAWAL OF 0.917 MILLION OZ IOUT OF THE SLV//:.////INVENTORY RESTS AT 477.313 MILLION OZ.//
JULY 2 WITH SILVER UP $0.36/ HUGE CHANGES AT THE SLV A DEPOSIT OF 1.363 MILLION OZ INTO THE SLV//:.////INVENTORY RESTS AT 478.049 MILLION OZ.//
JULY 1 WITH SILVER UP $0.21/ HUGE CHANGES AT THE SLVA WITHDRAWAL OF 1.272 MILLION OZ FROM THE SLV//:.////INVENTORY RESTS AT 476,686 MILLION OZ.//
JUNE 30 WITH SILVER DOWN $0.20/ NO CHANGES AT THE SLV:.////INVENTORY RESTS AT 477.958 MILLION OZ.//
JUNE 27 WITH SILVER DOWN $0.53/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 1.636 MILLION OZ IOUT OF THE SLV..////INVENTORY RESTS AT 477.958 MILLION OZ.//
JUNE 26 WITH SILVER UP $0.48/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 1.091 MILLION OZ IOUT OF THE SLV..////INVENTORY RESTS AT 479.594 MILLION OZ.//
JUNE 25 WITH SILVER UP $0.35/ HUGE CHANGES AT THE SLV:. A WITHDRAWAL OF 2.363 MILLION OZ IOUT OF THE SLV..////INVENTORY RESTS AT 480.685 MILLION OZ.//
JUNE 24 WITH SILVER DOWN $0.37/ HUGE CHANGES AT THE SLV:. A DEPOSIT OF 3.453 MILLION OZ INTO THE SLV..////INVENTORY RESTS AT 480.685 MILLION OZ.//FROM JUNE 2 A HUGE 19.264 MILLION OZ ADDED
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.
CLOSING INVENTORY 482.964 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
PETER SCHIFF
2. MATHEW PIEPENBERG/VON GREYERZ/RON STOEFERLE
ALASDAIR MACLEOD…
3 CHRIS POWELL AND GATA DAILY DISPATCHES
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS 234
ANDREW INTERVIEWS: LONDON PAUL:
5. COMMODITY REPORT..
ASIAN MARKETS THIS TUESDAY MORNING:
SHANGHAI CLOSED UP 16.40 PTS OR 0.45%
//Hang Seng CLOSED UP 24.81 PTS OR 0.10%
// Nikkei CLOSED UP 245.32 PTS OR 0.61% //Australia’s all ordinaries CLOSED UP 0.91%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1891 OFFSHORE CLOSED DOWN AT 7.1945/ Oil DOWN TO 65.35 dollars per barrel for WTI and BRENT DOWN TO 68.35 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN IN TRADING AT 7.1891 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1945 AGAINST US DOLLAR/ AND THUS WEAKER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN TO 7.1891 (CHINESE COMMUNIST PARTY MANIPULATED)
OFFSHORE YUAN: UP TO 7.1945
HANG SENG CLOSED UP 24.81 PTS OR 0.10%
2. Nikkei closed UP 245.32 PTS OR 0.61%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 98.58/ EURO RISES TO 1.1580 UP 2 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +1.502//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.05…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.6385/Italian 10 Yr bond yield UP to 3.4725 SPAIN 10 YR BOND YIELD UP TO 3.219%
3i Greek 10 year bond yield DOWN TO 3.327
3j Gold at $3266.025Silver at: 37.78 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 21 /100 roubles/dollar; ROUBLE AT 80.21
3m oil (WTI) into the 65 dollar handle for WTI and 68 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 147.64// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.502% 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 0.8090 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9363 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: 4.235 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.807 UP 4 BASIS PTS/
USA 2 YR BOND YIELD: 3.743 UP 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 40.68
10 YR UK BOND YIELD: 4.5430 UP 2 PTS
10 YR CANADA BOND YIELD: 3.381 UP 0 BASIS PTS
5 YR CANADA BOND YIELD: 2.944 DOWN 0 PTS
2a New York OPENING REPORT
Futures Rebound As Dip Buyers Just Won’t Stop
Wednesday, Aug 06, 2025 – 08:24 AM
US futures rebound from yesterday’s modest drop as the market shakes off stagflationary concerns raised by NFP/ISM, although spoos trade well off their early session gains. As of 8:00am ET, S&P 500 futures and Nasdaq 100 futures were 0.2% higher. In premarket trading, McDonald’s and Shopify jumped after earnings beats; Mag7 names are mostly higher while Semis are dragged with downbeat AMD/SMCI earnings (see below). DIS/UBER highlight pre-mkt earnings releases; the former is lower on disappointing TV revenues, while the latter is flat despite solid results. Energy, Industrials, Healthcare and Utilities are stronger, too. Yields are bear steepening and the USD is flat for the second day. The Swiss President arrived in DC yesterday to meet with Trump, even as the US president preps new sanctions against Russia’s shadow tanker fleet unless Putin agrees to a cease-fire by Friday; WTI did not react to this news. Witkoff to meet with Russian officials today. Macro data releases are light with only mortgage apps but keep an eye on 10Y bond auction today at 1pm. EPS still a top priority for investors with another slew today.
In premarket trading, Mag 7 stocks are mixed (Microsoft +0.7%, Amazon +0.7%, Meta +0.5%, Apple +0.4%, Alphabet +0.1%, Tesla -0.1%, Nvidia -0.8%); Uber and Disney dropped after reporting results that disappointed some investors. Super Micro Computer plunged more than 17% after cutting its annual sales forecasts, while AMD slumped after the company was unable to give a clear outlook for resuming sales in China. Some more details:
- Advanced Micro Devices Inc. (AMD) drops 5% after the company was unable to give a clear outlook for resuming sales in China, a crucial market for the second-largest maker of artificial intelligence processors.
- American Woodmark (AMWD) rises 2% after MasterBrand agreed to buy the company in an all-stock deal with an equity value of $2.4 billion.
- Arista Networks (ANET) is up 13% after the communication equipment company’s revenue forecast for the third quarter exceeded the average analyst estimate.
- Astera Labs (ALAB) gains 18% after the semiconductor manufacturer reported second-quarter revenue and adjusted earnings per share that beat the average analyst’s estimate.
- Bridgebio (BBIO) sinks 9% after the drugmaker reported second-quarter sales of its recently launched heart drug, Attruby, that fell short of investors’ high expectations. Piper Sandler says the sales were good but couldn’t keep up with an ever-raising bar.
- Clover Health (CLOV) slumps 10% after the Medicare Advantage health insurer raised its guidance for expected medical costs for the year, citing elevated utilization in the second quarter.
- Emerson Electric (EMR) falls 7% after the automation technology provider’s underlying sales grew less than analysts expected in the third quarter.
- Hinge Health Inc. (HNGE) rallies 12% after reporting 2Q revenue that increased 55% from the year-ago period in the digital physical therapy firm’s first earnings since its May IPO.
- Klaviyo (KVYO) gains 12% after the e-marketing solutions provider forecast revenue for the third quarter that beat Wall Street’s expectations.
- Lucid Group (LCID) falls 7% after the electric-vehicle maker lowered its production forecast for the year and the company’s second-quarter results were worse than expectations.
- Match Group Inc. (MTCH) is up 5% after the company provided a better-than-expected third-quarter sales forecast and pledged to invest $50 million in product development.
- McDonald’s Corp. (MCD) climbs 3% as sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners’ economic anxiety.
- RingCentral (RNG) climbs 17% after the software company raised its full-year forecast for adjusted earnings. It also named Vaibhav Agarwal as chief financial officer.
- Snap (SNAP) falls 17% after the social-media company said an issue with its ad platform weighed on revenue growth in the second quarter.
- Super Micro Computer (SMCI) drops 17% after the server maker reported fourth-quarter results that missed analysts’ estimates.
- Vertex (VERX) falls 5% after the tax software firmcut its revenue guidance for the full year.
- Wolverine World Wide (WWW) climbs 4% after after the owner of footwear brands including Saucony posted quarterly results.
In other corporate news, Cathay Pacific said it would place a $8.1 billion order for 14 Boeing 777-9 jets in its first deal with the US planemaker in 12 years. The NFL is said to be putting together a few games for a new media package that it could sell to potential streaming partners, following news it will sell most of its media businesses to Disney in exchange for a 10% stake in ESPN. Miner Glencore has scrapped plans to move its primary listing to New York.
While earnings have mostly beat sharply trimmed estimates so far this season, investors are worried about the impact of tariffs and a slowing economy. The Services ISM data on Tuesday showed another stagflationary deterioration: sticky price pressures alongside deteriorating labor indicators, further complicating the Federal Reserve’s policy challenges after last week’s weak jobs numbers.
“Earnings are important, but at the headline level for markets, the most important thing is the macro,” said Jon Bell, a portfolio manager at Newton Investment Management. “I don’t think there’s any real expectation that uncertainty will go down. Every time we think we’ve got certainty about tariff levels, something else changes.”
Meanwhile, Trump ramped up his tariff blitz, saying he’ll impose increased levies on countries buying energy from Russia (including China) while his envoy Steve Witkoff is in Moscow, and slap duties on semiconductor and pharmaceutical imports soon. Trump is scheduled to make an announcement at 4:30pm today in the Oval Office. As a reminder, yesterday Trump said he was “very close to a deal” with China to extend the trade truce and he would likely meet with Xi by the end of the year if a deal is made.
Still, markets seem fairly indifferent to tariff news at this point, and are more excited about tech again — especially after Bloomberg reported that OpenAI is in early talks about a potential share sale at a whopping valuation of about $500 billion. The rush back into the AI theme has resulted in an extreme divergence between TMT’s market cap share — now at a post-2000 peak — and its earnings share of the S&P 500, according to BI strategists Gina Martin Adams and Michael Casper. The combination of soaring capital spending on AI, plus heavy tariff-related uncertainty weighing on non-AI components of the index has led to “renewed bubble risk,” they said. Bloomberg macro strategist Cameron Crise, meanwhile, is “surprised at just how vigorous the appetite to buy the equity dip has been.”
Meanwhile, Swiss President Karin Keller-Sutter arrived in Washington to make a last-minute bid for a deal to lower the 39% tariff imposed last week by Trump.
In Europe, the Stoxx 600 is little changed having reversed an earlier gain of as much as 0.4% as losses in healthcare shares weigh on the broader market. Novartis, Roche and Novo Nordisk are making the largest negative points contribution to the index as Washington readies tariffs on pharmaceutical imports. The SMI falls 0.8%. Here are the biggest movers Wednesday:
- Hiscox shares jump as much as 15% to the highest since November 2019 after the insurance company reported first-half pretax profit that beat the average analyst estimate. Citi noted positives from the unexpected buyback increase
- Voestalpine climbs as much as 8.2%, the most in almost four months, and is by far the top performer on the Stoxx 600 basic resources index on Wednesday following its first-quarter results
- Sampo gains as much as 3.7%, the most since May and reaching a fresh record high, after the Finnish insurance group raised its full-year guidance and its second-quarter results beat expectations
- Vonovia shares rise as much as 4.3%, the most in almost four months, after the German real estate group raised its adjusted EBT forecast for the full year. The results provide “a welcome update,” JPMorgan says
- Vesuvius gains as much as 4.3%, the most in three months, after the materials technology company releases its full first-half report; RBC says that while markets remain tough, would expect some signs of recovery going into 2026
- Kardex rises as much as 5.3% to a record high and Interroll rises as much as 4.4% after Berenberg upgrades its recommendations for the Swiss machinery companies to buy from hold on expectations of further growth
- Novo Nordisk swings between gains and losses after the Danish drugmaker’s 2Q sales showed the weakest growth in four years. Analysts also noted the numerous clinical trial discontinuations in last Wednesday’s release
- Beiersdorf shares fall as much as 8.7% to their lowest level since November 2022, after the maker of personal care products reported weaker organic growth than expected and cut its full-year guidance
- Bayer shares fall as much as 5.2%, the most since June 30, after the German firm reported second-quarter results and Morgan Stanley noted the miss in the pharmaceutical unit’s Ebit
- ABN Amro drop as much as 7.3% on Wednesday, the worst performer on the Stoxx 600 Banks Index, as some analysts had expected a higher share buyback and stronger net interest income
- Coca-Cola HBC shares drop as much as 8.2% after the bottling company said it expects to hit the top-end of its guidance range this year. Citi said this is disappointing as some investors had anticipated the outlook to be raised
- TP ICAP shares drop as much as 9% after the financial services firm’s results came in below expectations and triggered some profit-taking, according to analysts at Shore Capital
- Zalando shares fall as much as 3.8% after the German online retailer narrowed its full-year revenue forecast lower. Morgan Stanley analysts say consensus had already lowered forecasts into the print
- Schaeffler slips as much as 6.8%, the most since April 9, after the automotive supplier’s adjusted Ebit margin disappointed in the second quarter. However, the firm maintained its overall outlook for the full year
In other European news, UK Construction PMI was weaker and German factory orders unexpectedly declined for a second month in June, when the results of a European-US trade deal were still far from clear. the data came after outgoing Governing Council member Robert Holzmann said the European Central Bank shouldn’t lower borrowing costs again.
Earlier in the session, Asian stocks advanced, on track for a third day of gains, as optimism in Japan helped offset gloom in the technology sector. The MSCI Asia Pacific Index rose as much as 0.4%. Tencent and Alibaba were among the biggest boosts. Toyota shares gained as much as 2.7% ahead of its quarterly earnings report. Key gauges climbed in Thailand, Vietnam and Australia. Indian stocks edged lower after the central bank maintained the benchmark interest rate.
In rates, treasuries hold small losses in early US session, with long-end yields cheaper by around 3bp and the curve steeper, ahead of the 10-year new-issue auction at 1pm and Thursday’s 30-year. US yields are 1bp-3bp higher across tenors with 2s10s and 5s30s spreads steeper by 1bp-2bp. 10-year near 4.234% is about 2.5bp cheaper, with German’s similar and UK’s outperforming slightly. Bunds see similar price action following German factory orders data and auctions of debt maturing in 2038 and 2042. Sentiment continues to be influenced by shifting US trade policy, and President Trump said he’d impose increased tariffs on countries buying energy from Russia.
In FX, the Bloomberg Dollar Spot Index is little changed. The kiwi dollar tops the G-10 FX pile, rising 0.3% against the greenback after the New Zealand unemployment rate rose less than forecast.
- USD/JPY down 0.1% at 147.55
- EUR/USD up 0.2% at 1.1606
- GBP/USD little changed at 1.3293
In commodities, WTI crude futures rise 1.5% after a four-day loss. Spot gold slips $17 to $3362.
Looking at the day ahead, we have UK construction PMI, Germany’s June factory orders, July construction PMI, France Q2 private sector payrolls, Italy June industrial production, and Eurozone retail sales. We’ll also hear the Fed’s Cook and Collins speak. Earnings out today include Novo Nordisk, McDonald’s, Walt Disney, Uber, Shopify, AppLovin, DoorDash, and Glencore. We’ll also get the US 10-year notes auction ($42bn).
Market Snapshot
- S&P 500 mini +0.3%
- Nasdaq 100 mini little changed
- Russell 2000 mini +0.4%
- Stoxx Europe 600 little changed
- DAX +0.3%
- CAC 40 +0.1%
- 10-year Treasury yield +3 basis points at 4.24%
- VIX -0.3 points at 17.54
- Bloomberg Dollar Index little changed at 1209.53
- euro little changed at $1.1582
- WTI crude +1.4% at $66.09/barrel
Top Overnight News
- Donald Trump suggested he would hike tariffs on more countries buying Russian energy, including China. BBG
- Trump administration is considering additional sanctions on Russia’s “shadow fleet” of oil tankers if Putin does not agree to a ceasefire in Ukraine by Friday. FT
- Trump said Japan would accept imports of Ford’s huge F-150 pickup trucks, in the latest sign that the two countries are at odds in their understanding of their trade agreement. BBG
- Trump said the Fed Governor decision will be made by the end of the week and they have a couple of candidates, while he added that they are looking at the Fed Chair which is down to four people with ‘two Kevins and two other people’.
- OpenAI is in talks for a secondary share sale valuing the company at about $500 billion, a sharp jump from its $300 billion valuation earlier this year. BBG
- German manufacturing orders unexpectedly declined in June (fell short of expectations in June at -1% M/M vs. the Street +1%), but were up overall in the second quarter of this year, a sign of resilience in the economy despite international demand being hit by U.S. tariffs. WSJ
- Punchbowl News reports “Senate Democrats are pressing for new data on the fallout if boosted Obamacare subsidies are allowed to lapse at the end of the year.”
- China plans to allow the launch of its first stablecoins in a bid to internationalize the renminbi and compete against the dollar, but concerns about capital flight are slowing the technology’s growth in the country. FT
- Japan’s nominal wages rose 2.5% in June from a year earlier, fueling market speculation that the BOJ may hike its benchmark rate in coming months. BBG
- The Kremlin is weighing options for a concession to US President Donald Trump that could include an air truce with Ukraine to try to head off the threat of secondary sanctions, even as Russia remains determined to continue its war. BBG
- The US Health Department is ending 22 contracts worth almost $500 million to develop vaccines using mRNA technology. BBG
Trade/Tariffs
- Canada’s Foreign Minister Anand said they agreed to build a work plan between Canada and Mexico to focus on supply chains, energy security and others, while she added that trade talks with the US continue to be constructive.
- South Korea’s Industry Minister said they need to hold further discussions on the timing of US tariff cuts on autos.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded somewhat mixed following the subdued handover from Wall St, where the attention was on the various comments from US President Trump and with sentiment dampened amid disappointing ISM Services data. ASX 200 gained at the open with strength in the materials, mining and resources sectors spearheading the advance in the index to a fresh record high. Nikkei 225 pared its opening losses and gradually extended higher amid gains in the heavy industry stocks, while softer-than-expected labour cost data and negative real cash earnings supports the case for the BoJ to continue to refrain from resuming its policy normalisation. Hang Seng and Shanghai Comp were varied in rangebound trade with little fresh drivers and after the PBoC reiterated China’s support pledges including to strengthen macroeconomic policy orientation and optimise the environment for policy implementation.
Top Asian News
- RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and maintained a neutral stance with the MPC vote on the repo rate and policy stance made unanimously. RBI Governor Malhotra stated geopolitical uncertainties have somewhat abated and growth is robust but below aspirations and tariff uncertainties are still evolving. Malhotra also stated that monetary policy transmission is still continuing and that current macroeconomic conditions and the outlook call for a continuation of the policy rate at current levels. Furthermore, he stated the Indian economy is navigating a steady growth path and monetary policy has appropriately used available space to support growth, while he also revealed that the FY26 real GDP growth view was retained at 6.5% and the FY26 CPI inflation view was cut to 3.1% from 3.7% previously.
- South Korea is to offer visa-free entry to Chinese tourists from September 29th.
- New Zealand announced steps to replace the petrol tax in the coming years with road user charges and is to pass the legislation in 2026.
- South Korean Finance Minister says in talks with US finance authorities on FX; South Korean Finance Minister says FX rates should be determined by markets in principle; does not have specific direction in mind for FX rates.
European bourses (STOXX 600 +0.2%) opened modestly firmer across the board and have traded at elevated levels throughout the morning. Though, the European benchmarks and US futures have been gradually fading from best into the arrival of US participants. European sectors hold a strong positive bias, with only really two clear underperformers today. Healthcare sits right at the foot of the pile, dragged down by post-earning losses in Novo Nordisk (-1%). The Danish Ozempic-maker initially opened higher after its Q2 metrics, but then gradually dipped into the red. Most headline metrics were weaker than expected, but Wegovy sales marginally beat expectations. Real Estate leads, lifted after Vonovia (+5%) posted strong H1 metrics and lifted guidance.
Top European news
- ECB’s Holzmann reiterated in an interview that there is no reason to cut rates again.
- UK Chancellor Reeves needs to raise taxes immediately to fill a GBP 50bln hole in the public finances, according to NIESR via the Telegraph. NIESR’s Deputy Director said the scale of tax rises required would be equivalent to a 5p increase to the basic and higher rates of income.
- Germany reportedly readies EUR 100bln fund to invest in strategic assets, according to Bloomberg; in a bid to secure sectors such as defence, critical raw materials, and energy
Fixed Income
- USTs are on the backfoot, into a 10yr supply. US docket is weighted towards the end of the day with supply, earnings and Fed speak from Collins, Cook and Daly. Into this, USTs are softer given the modestly constructive risk tone and as the benchmark continues to ease from post-NFP highs; though, once again, magnitudes are modest with USTs in a thin six+ tick range. If the downside picks up and the current 112-00+ base is breached, then support resides at the 111-31+ Monday WTD low, below this a bit of a gap before the figure and then lows from the last few weeks below 111-00.
- Bunds follow global peers, but with magnitudes much more contained. Bunds spent the overnight session contained before picking up to a 130.41 peak early doors with gains of six ticks at best. Thereafter, the benchmark began to gradually fade in limited newsflow but experienced a pickup in bearish pressure on a Bloomberg report that Germany is preparing a EUR 100bln fund for investment in strategic assets. Since, newsflow has been light aside from Retail Sales for the bloc which printed mixed vs consensus while the priors were revised higher, but spurred no move.
- Gilts are underperforming today, as it reacts to the NIESR’s latest forecast on the UK economy, which estimates a current fiscal deficit of GBP 41.2bln in the 2029-30 period. UK press is heavily focussed on this report, largely running with headlines that Reeves will need to find just over GBP 51bln in the Autumn Budget; a figure formed of the above deficit, and an assumed desire to restore headroom to around the GBP 9.9bln figure. Gapped lower by 33 ticks before extending another six to a 92.36 trough. A move that took the benchmark to within reach of Monday’s 92.24 WTD base; below that, support features at 91.96, 91.70 and 91.44 from the week before.
- Germany sells EUR 1.262bln vs exp. EUR 1.5bln 1.00% 2038 and EUR 0.782bln vs exp. EUR 1bln 3.25% 2042 Bund
Commodities
- Firmer trade in the crude complex despite a lack of fresh catalysts during the European morning, but as traders deal with the uncertainty of US secondary tariffs for the purchase of Russian oil – US Special Envoy is currently meeting with Russian President Putin, regarding Trump’s peace deadline. WTI resides in a 65.11-66.26/bbl range while Brent sits in a USD 67.74-68.78/bbl range.
- Precious metals trade lower across the board with global haven assets on a slightly softer footing this morning. Price action this morning has been contained for the yellow metal, in a USD 3,364.97-3,385.36/oz range, compared to Tuesday’s USD 3,349.89-3,390.60/oz parameter, and with the 50 DMA today at USD 3,346.41/oz.
- Base metals regain some composure following recent selling pressure, but the recovery is limited amid the mixed risk appetite in Asia and Europe. 3M LME copper prices reside in a USD 9,625.20-9,692.00/t range.
- US Private Inventory Data (bbls): Crude -4.2mln (exp. -0.6mln), Distillate +1.6mln (exp. +0.8mln), Gasoline -0.9mln (exp. -0.4mln), Cushing +1.7mln.
- Russia’s crude output was slightly above the OPEC+ target in July.
- Iraqi Oil Minister says bp (BP/ LN) will begin developing Kirkuk oil fields in less than a month.
- Nigeria’s Dangote oil refinery (650k bpd) is planning a 15 day maintenance on its gasoline-making RFCC unit from Aug 10, IIR says.
- Iraq Oil Minister says oil exports through Turkey’s Ceyhan pipeline to resume on Wednesday or Thursday.
Geopolitics
- Russia’s Kremlin spokesman Peskov said improving Russia-US relations requires overcoming existing inertia which will take time, according to TASS.
- Russian and Chinese ships will conduct joint patrols in the Asia-Pac region following exercises in the Sea of Japan.
- North Korea received Russia’s help in modernising nuclear weapons carriers, according to Yonhap citing Ukrainian news.
- US President Trump will host leaders from Armenia and Azerbaijan for peace talks at the White House on Friday.
US Event Calendar
- 7:00 am: Aug 1 MBA Mortgage Applications 3.1%, prior -3.8%
Central Bank Speakers
- 2:00 pm: Fed’s Cook and Collins Participate in Panel Event
- 4:10 pm: Fed’s Daly Speaks at Anchorage Economic Summit
DB’s Jim Reid concludes the overnight wrap
The market focus on US macro uncertainty continued over the past 24 hours. A notable miss in the July ISM services data weighed on the S&P 500 (-0.49%), while 2yr Treasury yields (+4.9bps) reversed some of the sharp decline they’d seen since Friday’s weak payrolls print, in part as the ISM details showed signs of heightened price pressures. We also saw a flurry of trade headlines as Trump signaled tariffs on semiconductors and pharma within the next week, as well as an imminent threat of additional tariffs on India.
Starting with that US data, the July services ISM fell to 50.1 from 50.8 in June, disappointing expectations for a rebound to 51.5. The ISM details were also worrisome, as the employment component fell further into contraction (46.4 vs 47.2 previously), while prices paid (69.9 vs 66.5 exp.) rose to their highest since October 2022. So that raised renewed concerns that tariffs were pushing the US economy in a more stagflationary direction, complicating the Fed’s job in the process. To be fair, the data was not all bad, with the S&P Global services PMI instead revised up to a 7-month high of 55.7 (vs. 55.2 flash). The services ISM and PMI have trended in opposite directions in the past few months. The gap likely reflects tariff worries weighing more heavily on the larger, multi-national corporates that are represented more in the ISM versus smaller, more domestic-oriented PMI respondents.
Those stagflationary signs were enough to spook US equities, leaving the S&P 500 (-0.49%) and the NASDAQ Composite (-0.65%) lower on the day, though the small cap Russell 2000 gained (+0.60%). Tech stocks struggled despite Palantir’s (+7.85%) continued rise after reporting strong earnings the previous evening, with the Mag-7 down -0.59% and the Philadelphia Semiconductor index slumping by -1.12%. After the US close, we saw chipmaker AMD’s upbeat sales projections overshadowed by uncertainty over its ability to export to China, while Super Micro Computer’s shares plunged after-hours after it lowered its fiscal-year revenue forecast.
The decline in chips stocks came as Trump said in an interview with CNBC that tariffs on semiconductors and pharma would be revealed “within the next week or so.” While impending pharma tariffs have been well flagged, the timing of tariffs on chips has been uncertain with a Section 232 investigation under way since April. Trump also said that pharma tariffs will be phased in incrementally, saying that within the next year and a half, the tariff rate will go to “150%” and then “250%,” saying “we want pharmaceuticals made in our country.”
During the interview, Trump also escalated his threats to impose higher tariffs against India for purchasing Russian oil, saying he would “very substantially” raise tariffs on India within “the next 24 hours”. Later in day, he suggested the US may also place secondary tariffs on other importers of Russian energy, though he claimed he “never said a percentage” that such tariffs would be set at. So maintaining ambiguity after previously floating 100% tariffs. The FT reported that the US is also considering additional sanctions on Russia’s so called “shadow fleet”. Trump’s earlier 10-day deadline for Russia to agree a ceasefire ends on Friday and his envoy Steve Witkoff is visiting Moscow today. India’s government has pushed back against the US criticism and the Indian rupee has underperformed so far this week, down -0.32% against the dollar since Friday. By contrast, oil prices fell for a fourth consecutive session yesterday, with Brent crude down -1.63%, though they are up half a percent this morning.
In other tariff news, Trump claimed that the EU would face 35% tariffs if the bloc does not follow through on its promise to invest in the US. Under the 15% tariff deal struck last week, the EU had promised $600bn of investment into the US and $750bn of US energy purchases by 2028, though the EU readout implied softer commitments than claimed by the White House. It seems like another lifetime when the center of the trade war was between the US and China, but in a mollifying development Trump said yesterday that trade talks with China were “very close to a deal” on an extension of the current trade truce and that he has “a very good relationship” with President Xi, with the two set to meet “before the end of this year.” We also heard that Swiss President Karin Keller-Sutter has travelled to Washington for talks to try and lower the 39% tariffs that will go into effect along with the other new country rates on August 7. She is due to meet Treasury Secretary Rubio this morning.
Turning to the Fed, Trump said last night that he would make the decision on filling Governor Kugler’s vacancy on the Fed Board “before the end of the week”, though adding it was not yet decided if this would be a permanent replacement or only until Kugler’s term ends in January. A permanent replacement would be seen as a potential choice for Fed Chair, given that Kugler’s seat is the main way for the White House to bring in an external candidate if Powell were to stay on the board after his term as Chair expires next May. Earlier yesterday the President confirmed that he was considering four candidates for Fed Chair, including Kevin Hassett and Kevin Warsh, and that Treasury Secretary Scott Bessent was not in the running as he “wants to stay in the Treasury.”
Fed funds futures on Tuesday slightly reversed increased expectations of rate cuts, with the amount of easing priced by December down -4.4.bps to 58bps. But that’s a full cut more than the 33bps priced prior to Friday’s payrolls and a 25bp cut is still 90% priced by the September meeting. Treasuries saw a sizeable flattening, with 2yr yields +4.9bps higher at 3.72%, 10yr up a modest +1.8bps and 30yr yields declining -1.1bps. Treasury markets showed some caution ahead of this week’s busy auction calendar, which began with $58bn of 3-year notes issued yesterday +0.7bps above the pre-sale yield. It will continue with 10yr and 30yr auctions today and tomorrow.
In Europe, equities put on a positive performance after decent PMI data there, although they lost momentum later on. The euro area July composite PMI came in at 50.9, a touch below 51.0 flash but up from 50.6 in June. The services PMI details saw Spain (55.1 vs 52.5 exp.) surprise to the upside and Germany revised up (50.6 vs 50.1 flash), while France (48.5 vs 49.7 flash) lagged. The country differences were reflected in the equity reaction, with Germany’s DAX (+0.37%) and Spain’s IBEX (+0.15%) advancing, but France’s CAC (-0.14%) falling back. The STOXX 600 was up +0.15%. European bonds held steady, with yields on 10 yr OATs (+0.1bps), bunds (-0.1bps) and BTPs (-0.1bps) little changed, while gilts (+0.7bps) saw a modest sell off after the stronger composite PMI there (51.5 vs 51.0 flash).
Overnight in Asia, Japan’s monthly wage data saw nominal wages grow by a slower-than-expected +2.5% in June (+3.1% exp.), though this still marked the fastest growth since February. Scheduled full-time pay (+2.3% vs. +2.5% exp.) saw a more modest miss, while real earnings (-1.3% vs -0.7% exp.) remained negative for a sixth consecutive month. Meanwhile, Japan’s Taro Kono, who is seen as a potential candidate for Prime Minister, said that it is necessary for the BoJ to raise rates, highlighting the inflationary pressures and saying that “the yen is too cheap”. 10yr JGB yields (+1.7bps) and the Japanese yen (+0.20%) are slightly higher this morning, with the Nikkei (+0.63%) also gaining.
Other Asian equity markets are little changed, with the Hang Seng (+0.18%), CSI 300 (+0.18%) and Shanghai Composite (+0.27%) all slightly higher, while Korea’s KOSPI is lower (-0.19%). S&P 500 futures are up +0.24%, with NASDAQ (+0.14%) slightly lagging after the softer AMD and Super Micro results.
Finally, this morning the Reserve Bank of India left its key rate on hold at 5.50%. This was in line with most economists’ expectations, though increased risks from the US trade headwinds had seen a sizeable minority calling for a cut. Earlier in the morning, India’s composite PMI was revised up from 60.7 to 61.1 in the final July reading, reaching its highest level since April 2024.
In terms of the day ahead, we have UK construction PMI, Germany’s June factory orders, July construction PMI, France Q2 private sector payrolls, Italy June industrial production, and Eurozone retail sales. We’ll also hear the Fed’s Cook and Collins speak. Earnings out today include Novo Nordisk, McDonald’s, Walt Disney, Uber, Shopify, AppLovin, DoorDash, and Glencore. We’ll also get the US 10-year notes auction ($42bn).
2b European opening report
2c Asian opening report
FX rangebound & stocks firm, Europe focused on heavyweight earnings & Trump at 21:30BST – Newsquawk Europe Market Open
Wednesday, Aug 06, 2025 – 01:27 AM
- APAC stocks traded somewhat mixed following the subdued handover from Wall St post-ISM services.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.
- DXY is flat, EUR/USD remains on a 1.15 handle and capped by its 200DMA, and antipodeans marginally lead.
- RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and maintained a neutral stance.
- Looking ahead, highlights include German Industrial Orders (Jun), EZ Construction PMIs (Jul), EZ Retail Sales (Jun), Italian Industrial Output, Fed’s Collins, Cook and Daly, Supply from Germany & US.
- Earnings from Airbnb, Lyft, Uber, Shopify, Walt Disney, McDonald’s, Novo Nordisk, Siemens Energy, Commerzbank, Bayer, Fresenius, Beiersdorf, ABN AMRO & Glencore.
SNAPSHOT
Newsquawk in 3 steps:
1. Subscribe to the free premarket movers reports
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 day
US TRADE
EQUITIES
- US stocks finished mostly lower with the major indices in the red to varying degrees although the small-cap Russell 2000 bucked the trend, while the highlight of the day was US President Trump’s interview on CNBC whereby he spoke on a wide range of topics and noted that both Kevin’s (Warsh & Hassett) and two others are the candidates for the next Fed Chair. Trump also commented on trade and warned if the EU does not make the US investments agreed upon in the deal, the EU will pay tariffs of 35%, but if investments are made, tariffs will be cut to 15% (from 30%), while he repeated that he will be raising India tariffs substantially in the next 24 hours as they keep purchasing Russian oil. Data-wise, ISM Services PMI disappointed, with the headline printing below the bottom end of the forecast range, while the employment sub-index fell further into contractionary territory.
- SPX -0.49% at 6,299, NDX -0.73% at 23,019, DJI -0.14% at 44,112, RUT +0.60% at 2,226.
- Click here for a detailed summary.
TARIFFS/TRADE
- Canadian PM Carney said Canada will provide up to CAD 700mln in loan guarantees to the softwood lumber industry to help it cope with US duties and Canada will provide CAD 500mln to help speed the lumber industry’s product development and market diversification. Furthermore, they will look at other opportunities to remove tariffs to help Canadian industries work more effectively.
- Canada’s Foreign Minister Anand said they agreed to build a work plan between Canada and Mexico to focus on supply chains, energy security and others, while she added that trade talks with the US continue to be constructive.
- Brazilian President Lula said US President Trump did not have the right to announce taxation how he did, and Brazil wants to trade with everyone. Lula said he will not call Trump because he does not want to talk, but would call to invite Trump to the COP-30 and will use all applicable means including the WTO to defend their interests.
- South Korea’s Industry Minister said they need to hold further discussions on the timing of US tariff cuts on autos.
NOTABLE HEADLINES
- US President Trump is to make an announcement at 16.30EDT/21:30BST at the Oval Office on Wednesday, according to his public schedule.
- US President Trump said the Fed Governor decision will be made by the end of the week and they have a couple of candidates, while he added that they are looking at the Fed Chair which is down to four people with ‘two Kevins and two other people’.
APAC TRADE
EQUITIES
- APAC stocks traded somewhat mixed following the subdued handover from Wall St, where the attention was on the various comments from US President Trump and with sentiment dampened amid disappointing ISM Services data.
- ASX 200 gained at the open with strength in the materials, mining and resources sectors spearheading the advance in the index to a fresh record high.
- Nikkei 225 pared its opening losses and gradually extended higher amid gains in the heavy industry stocks, while softer-than-expected labour cost data and negative real cash earnings supports the case for the BoJ to continue to refrain from resuming its policy normalisation.
- Hang Seng and Shanghai Comp were varied in rangebound trade with little fresh drivers and after the PBoC reiterated China’s support pledges including to strengthen macroeconomic policy orientation and optimise the environment for policy implementation.
- US equity futures (ES +0.2%, NQ +0.1%) modestly rebounded following yesterday’s retreat and as participants now look ahead to any trade-related developments and the scheduled ‘announcement’ by US President Trump on Wednesday afternoon at the Oval Office.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.
FX
- DXY was rangebound following the recent soft ISM Services PMI report and wide-ranging comments from US President Trump including on trade in which he threatened the EU with 35% tariffs if they didn’t adhere to the agreed-upon US investments, and stated the substantial tariff raise on India from 25% is to come in the next 24 hours. Furthermore, Trump stated that the Fed Governor decision will be made by the end of the week and they have a couple of candidates, while they are also looking at the Fed Chair which is down to four people
- EUR/USD lacked direction after somewhat mixed PMI data from the bloc and comments from ECB’s Holzmann who advocated for keeping rates unchanged and said he would not exclude that the next rate move will be a hike.
- GBP/USD kept afloat in the aftermath of recent UK Services PMI data but with the upside capped amid quiet newsflow.
- USD/JPY slightly pulled back but held on to the 147.00 status with a muted reaction seen to the softer-than-expected wages.
- Antipodeans marginally outperformed against G10 peers and were unfazed by the mixed risk appetite, as well as the varied jobs and labour cost data from New Zealand.
FIXED INCOME
- 10yr UST futures were lacklustre after the choppy performance so far this week and with demand hampered by supply, including a 10yr auction due later.
- Bund futures traded little changed amid quiet catalysts and with German Industrial Orders and Bund supply scheduled today.
- 10yr JGB futures marginally pulled back as risk sentiment in Japan improved despite the softer wage growth data from Japan.
COMMODITIES
- Crude futures nursed some of the prior day’s losses after declining amid comments from US President Trump regarding lower energy prices and with Russia reportedly weighing a Ukraine air-truce offer to President Trump.
- US Private Inventory Data (bbls): Crude -4.2mln (exp. -0.6mln), Distillate +1.6mln (exp. +0.8mln), Gasoline -0.9mln (exp. -0.4mln), Cushing +1.7mln.
- Russia’s crude output was slightly above the OPEC+ target in July.
- Spot gold Marginally pulled back after climbing yesterday in the aftermath of the weak ISM Services data.
- Copper futures regained some composure following recent selling pressure but with the recovery limited amid the somewhat mixed risk appetite in Asia.
CRYPTO
- Bitcoin gradually retreated overnight after slipping beneath the USD 114k level.
NOTABLE ASIA-PAC HEADLINES
- RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and maintained a neutral stance with the MPC vote on the repo rate and policy stance made unanimously. RBI Governor Malhotra stated geopolitical uncertainties have somewhat abated and growth is robust but below aspirations and tariff uncertainties are still evolving. Malhotra also stated that monetary policy transmission is still continuing and that current macroeconomic conditions and the outlook call for a continuation of the policy rate at current levels. Furthermore, he stated the Indian economy is navigating a steady growth path and monetary policy has appropriately used available space to support growth, while he also revealed that the FY26 real GDP growth view was retained at 6.5% and the FY26 CPI inflation view was cut to 3.1% from 3.7% previously.
- South Korea is to offer visa-free entry to Chinese tourists from September 29th.
- New Zealand announced steps to replace the petrol tax in the coming years with road user charges and is to pass the legislation in 2026.
DATA RECAP
- Japanese Labour Cash Earnings (Jun) 2.5% vs Exp. 3.1% (Prev. 1.4%)
- Japanese Real Cash Earnings YY (Jun) -1.3% vs Exp. -0.7%
- New Zealand HLFS Job Growth QQ (Q2) -0.1% vs. Exp. -0.1% (Prev. 0.1%)
- New Zealand HLFS Unemployment Rate (Q2) 5.2% vs. Exp. 5.3% (Prev. 5.1%)
- New Zealand HLFS Participation Rate (Q2) 70.5% vs. Exp. 70.7% (Prev. 70.8%)
- New Zealand Labour Cost Index QQ (Q2) 0.6% vs. Exp. 0.6% (Prev. 0.4%)
- New Zealand Labour Cost Index YY (Q2) 2.2% vs. Exp. 2.3% (Prev. 2.5%)
GEOPOLITICS
MIDDLE EAST
- Israel’s Channel 12 said the plan to occupy Gaza in its entirety will be presented on Thursday to the Council of Ministers for approval, according to Sky News Arabia.
RUSSIA-UKRAINE
- US President Trump reportedly readies fresh sanctions against Russia’s shadow fleet if Russian President Putin does not agree to a ceasefire in Ukraine by Friday, according to FT. It was later reported that President Trump said he will make a determination on sanctions on countries that purchase Russian energy after the Wednesday meeting with Russia.
- US Special Envoy Witkoff will be in Moscow on Wednesday to meet with the Russian leadership, while it was later reported that Witkoff landed in Moscow and was greeted by Russian President Putin’s envoy Dmitriev.
- Russia is reportedly weighing a Ukraine air-truce offer to US President Trump on war, according to Bloomberg.
- Russia’s Kremlin spokesman Peskov said improving Russia-US relations requires overcoming existing inertia which will take time, according to TASS.
OTHER NEWS
- Russian and Chinese ships will conduct joint patrols in the Asia-Pac region following exercises in the Sea of Japan.
- North Korea received Russia’s help in modernising nuclear weapons carriers, according to Yonhap citing Ukrainian news.
- US President Trump will host leaders from Armenia and Azerbaijan for peace talks at the White House on Friday.
EU/UK
NOTABLE HEADLINES
- ECB’s Holzmann reiterated in an interview that there is no reason to cut rates again.
- UK Chancellor Reeves needs to raise taxes immediately to fill a GBP 50bln hole in the public finances, according to NIESR via the Telegraph. NIESR’s Deputy Director said the scale of tax rises required would be equivalent to a 5p increase to the basic and higher rates of income.
3A NORTH KOREA/SOUTH KOREA
SOUTH KOREA//NORTH KOREA/
3B JAPAN/
3C CHINA/
China’s Solar Industry Quietly Fired A Third Of Its Workers
Wednesday, Aug 06, 2025 – 05:45 AM
China’s biggest solar firms fired nearly one-third of their workforces last year, a Reuters analysis of company filings shows, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses. Longi Green Energy, Trina Solar, Jinko Solar, JA Solar, and Tongwei collectively shed some 87,000 staff, or 31% of their workforces on average last year, according to a Reuters review of employment figures in public filings.
The job cuts illustrate the pain from the vicious price wars being fought across Chinese industries, including solar and electric vehicles, as China grapples with massive overcapacity and dismal demand (which has prompted China to dump its exports into any country that will accept them). As a frame of reference, the world produces twice as many solar panels each year as it uses, with most of them manufactured in China.
Analysts say the previously unreported job losses are likely a mix of layoffs and attrition due to cuts to pay and hours as companies sought to stem losses. More importantly, nobody is allowed to mention them: layoffs are politically sensitive in China, where Beijing views employment as key to social stability.
Remarkably, other than a 5% cut acknowledged by Longi last year, none of the firms mentioned above have announced any job cuts or responded to questions from Reuters. Meanwhile, amid tens of millions of wholesale layoffs which are not logged in any official statistics, China continues to pretend that its unemployment rate is 5%, and hasn’t budged in 5 years.
“The industry has been facing a downturn since the end of 2023,” said Cheng Wang, an analyst at Morningstar. “In 2024, it actually got worse. In 2025, it looks like it’s getting even worse.” Just wait until 2026 though…
Since 2024, more than 40 solar firms have delisted, gone bankrupt or been acquired, according to a presentation by the photovoltaic industry association in July.
In a clear example of the catastrophic consequences of central planning, China’s solar manufacturers built new factories at a fever pitch between 2020 and 2023 as the state redirected resources from the sinking property sector to what it used to call the “new three” growth industries: solar panels, electric cars and batteries.
There was just one problem: that building spree led to a collapse in prices, a deflationary tide and a brutal price war made worse by US tariffs thrown up against exports from the many Chinese-owned factories in Southeast Asia. The industry lost $60 billion last year.
While analysts say it is unclear whether job cuts continued this year (narrator: they did), Beijing is increasingly signalling it intends to intervene to cut capacity, sending polysilicon prices soaring nearly 70% in July while solar panel prices have increased more modestly. Still, outside of government stimmies, the domestic demand for all that solar just isn’t there. Come to think of it, the international demand also isn’t there.
Major polysilicon producer GCL told Reuters on Thursday that top producers plan to set up an OPEC-like entity to control prices and supply. The group is also setting up a 50-billion yuan vehicle to buy and shut around a third of the industry’s lower-quality production capacity.
So to summarize: 5 years ago China unleashed a historic stimulus ramp to build up as much solar capacity as it could. Now, drowning in overcapacity, it is unleashing an even more historic ramp to reverse everything it did. Typical communist central planning.
President Xi Jinping in early July called for an end to “disorderly price competition,” the infamous “involution” plan, and three days later the industry ministry pledged to calm price wars and retire outdated production capacity during a meeting with solar industry executives.
While Beijing has not said when or how it will act, a source with direct knowledge of the matter told Reuters it was determined to focus on the issue before the end of the current five-year plan this year. In other words, China will “deal with the problem” exactly the same way every other nation will: by punting and leaving it to the next guy to fix.
Officials in eastern China’s Anhui province, a manufacturing hub, told solar company executives in June to stop adding new manufacturing and shut production lines operating at under 30% capacity, according to two industry sources who declined to be identified due to the sensitivity of the matter.
A board member at a solar firm in the province said new capacity had already required verbal approval from powerful state planner the National Development and Reform Commission (NDRC) this year. They asked for their company’s name to be withheld because the discussions were private. But many provincial governments are likely to be reluctant to crack down hard on overcapacity, analysts say. These officials are scored on jobs and economic growth and are loathe to see local champions sacrificed to meet someone else’s target.
Hilariously, Trina Solar’s chairman told an industry conference in June that new projects had begun this year despite the NDRC calling for a halt in February. The foot-dragging reflects the scale of the cull required. Jefferies analyst Alan Lau estimated at least 20-30% of manufacturing capacity would have to be eliminated for companies to return to profitability.
“There’s a lot of overcapacity in China, like steel, like cement, but you don’t see any industry in the past having industry-wide cash loss for one and a half years already,” Lau said.
Company-level losses are on the same scale as in real estate, another crisis-hit sector, even though solar is only about one-tenth the size, he said. “This is highly unusual and highly abnormal.”
And if you think this is bad, just wait until you learn how absolutely devastating the losses are in China’s auto sector, which we will detail in an article tomorrow…
END
CHINA/AFRICA USA
Beijing Pays Influencers In Africa To Spread Anti-US Messaging
Wednesday, Aug 06, 2025 – 05:00 AM
Authored by Darren Taylor via The Epoch Times (emphasis ours),
JOHANNESBURG—Chinese and Russian agents are paying social media influencers in Africa to spread anti-U.S. messages worldwide, with the Trump administration being a top target, media experts say.
Their research reveals that many influencers who use the TikTok platform are earning hundreds to thousands of dollars per month by disseminating misinformation, disinformation, and propaganda that benefits Beijing and Moscow.
The studies align with information presented to Congress on July 22 by U.S. President Donald Trump’s nominee to lead the U.S. military in Africa.
Analysts say China, Russia, and other malign actors are taking advantage of an information void created by the White House’s decision to cut financial aid to Africa, which has impacted the funding of media previously supported by the U.S. government.
In 2024, the Washington-based Africa Center for Strategic Studies documented nearly 200 pro-Kremlin and pro-China social media campaigns in each major region of Africa, with the Chinese regime’s influencers particularly active in Southern and West Africa.
One of Africa’s most popular social media figures has told The Epoch Times she’s receiving money to distribute information that makes Russia and China “happy.”
“This is mostly messages about Trump,” she said, asking that her name be withheld so that she didn’t “anger” her employers and lose income.
She said influencers working for Moscow and Beijing receive payments online via sites that facilitate paid promotions, with South Africa’s Lit marketplace one of the more popular systems.
“The money we’re making like this can be a few thousand dollars every month; it all depends on how popular our posts turn out,” she said.
The influencer said she’d never spoken to her benefactors.
“I can’t tell you if they’re Chinese or Russian or even from Mars. They send me data, and I work it up into segments, and then I post it. If they like what I post, they pay me,” she explained.
“It’s not difficult work because their sentiments fall in with the pan-African philosophy that I have, and I am also a strong supporter of socialism and an opponent of Western imperialism.
“I think that’s why I was recruited, so to speak. I can say the same for many other influencers.”
An investigation by Karen Allen, a consultant at South Africa’s Institute for Security Studies, has also found that key figures in Africa’s influence industry are being paid to engage in what she called “transnational coordinated campaigns,” partly aimed at undermining Western initiatives and leaders.
Part of Allen’s report focused on a South African influencer who said Russian agents paid him to amplify narratives aimed at “destabilizing” South Africa during the country’s 2024 election.
This influencer acknowledged being paid for material that benefited candidates who were pro-China and pro-Russia, and for posts that denigrated Western-leaning parties.
The influencer said he was provided with “pre-packaged material” and paid almost $3 every time one of his posts was “liked.”
Professor Herman Wasserman, who leads the journalism and media studies department at South Africa’s Stellenbosch University, is another expert who’s exposed the use of paid influencers in Africa.
He told The Epoch Times that several “malign actors,” primarily China and Russia, are rewarding African social media “celebrities” to “distribute whatever misinformation, disinformation, or legitimate information they consider to be in their interests” at a particular time.
Wasserman said Trump is a “big target.”
“Trump leads as enemy No. 1 of China and Russia. And let’s face it, he’s giving the whole world a lot to talk about,” he said. “It’s not hard to make videos about Trump.”
Wasserman said certain influencers in Africa were “suddenly very active all at once” when Trump recently complimented the president of Liberia for his command of the English language, which is the country’s official language, during a meeting at the White House.
“They had a field day,” Wasserman said, referring to how Trump was portrayed for his comments.
“A lot of the material was on TikTok.”
In a report released in June, the Reuters Institute at Oxford University in the United Kingdom found that TikTok is the leading source of misinformation and disinformation in Africa, a continent where Beijing is exerting more control over politics, business, and public opinion.
According to the report, Africa is home to three countries that are among those with the most TikTok users, namely Kenya, Nigeria, and South Africa. These are also three of Africa’s largest economies, with China investing billions of dollars in them.
As China’s influence expands in Africa, said Wasserman, so, too, does TikTok, with “profound” impacts on African lives, because the information they digest is “designed to change how they view world events and, more importantly, how they view China.”
The influencer who spoke anonymously said she’s often paid to post information that portrays China as a “victim of Western racism” and for material that “paints a picture of the corrupt West and how full of hypocrisy it is.”
This tallies with research recently completed by academics at the London School of Economics and Political Science, Duke Kunshan University in China, and the Gustave Eiffel University in France.
They propose that there are “four frames” used by influencers to defend or promote communist China.
“Western Hypocrisy” accuses the West of double standards; “Western Threat” presents the West as a major threat to global security and growth; “System Superiority” promotes the Chinese regime’s political model ahead of Western models; and “Common Destiny” envisions a prosperous future shared by communist China’s global partners.
“We argue that although the political affiliations of these influencers remain ambiguous and difficult to determine, they have become de facto contributors to China’s quest for global reputation in a digital age,” the experts write.
Wasserman said he agrees with the findings.
“It’s exactly what I’m seeing spread by these influencers; anything from being violently anti-America to your more benign ‘China-is-a-great-place for a holiday’ kind of thing,” he said.
Hamza Ibrahim, a media researcher and disinformation analyst in Nigeria, said the influencers prefer to use TikTok because they see it as a “safe haven.” They believe that because the platform is owned by a Chinese company, and assuming their handlers are also Chinese, they feel free to express pro-China views and create content on the platform, he explained.
“In Africa, it’s widely accepted that TikTok is a Chinese company that operates with the blessing of the Chinese government, and people don’t seem to mind that at all,” Ibrahim told The Epoch Times.
ByteDance, the Beijing-based company that owns TikTok, has denied that the Chinese regime has control over it.
Meanwhile, Human Rights Watch (HRW) is one of many groups that are skeptical of TikTok’s independence.
In a statement in 2023, HRW said that while the platform is officially a private enterprise, “refusing control from the Chinese government might not be a safe option for the company’s China-based executives, given the government’s track record of punishing the country’s business executives for not toeing the party line.”
In 2022, a study by the Mozilla Foundation found that TikTok was used to spread hate speech more than any other platform ahead of that year’s election in Kenya, which, like others in the country, was marred by ethnic violence.
“While more mature platforms like Facebook and Twitter receive the most scrutiny in this regard, TikTok has largely gone under-scrutinized — despite hosting some of the most dramatic disinformation campaigns,” the foundation said in its report.
Read the rest here…
END
4 European affairs
GERMANY
huge number of German insolvencies
(zerohedge)
Germany’s Insolvency Tsunami: Structural Breakdown Underway
Wednesday, Aug 06, 2025 – 03:30 AM
By Thomas Kolbe
Collapse of a Sham Economy
Germany is being hit by a wave of insolvencies. Now in the third year of a prolonged recession, the economic situation is more alarming than during the 2009 financial crisis.
The death spiral of German businesses has reached dramatic proportions. According to the Leibniz Institute for Economic Research in Halle (IWH), the second quarter of 2025 saw the highest number of insolvencies among partnerships and corporations in 20 years. Despite a slight decline in June, the trend remains: Germany’s economic substance is eroding — and with it, the nation is quietly bidding farewell to its prosperity.
Mass Extinction of German Companies
In June alone, the IWH economists counted 1,420 corporate bankruptcies — down 4% from May. But year-on-year comparisons reveal the full scope of the crisis: a 23% increase from June 2024. The figures are also over 50% higher than the pre-lockdown average. Particularly noteworthy: In economically strong states like Bavaria and Hesse, insolvencies rose disproportionately by 80% and 79%, respectively.
Altogether, 4,524 company insolvencies were recorded in Q2 — a 7% rise compared to Q1 2025.
Economists cite not only the ongoing recession but also a long-overdue market correction following years of ultra-low interest rates from the European Central Bank. As Steffen Müller, head of insolvency research at IWH, puts it: “For many years, extremely low interest rates prevented bankruptcies, and during the pandemic, state aid kept alive firms that were already weak.” Now, the market is reclaiming its cleansing power.
Avoidance of Root Cause Analysis
But this structural rupture meets a vacuum in economic policy.
While the IWH analysis avoids addressing the deeper structural weaknesses and self-inflicted political damage, these remain the decisive factors behind Germany’s economic isolation. High energy costs, overregulation, and tax burdens — by international standards — are driving companies either to bankruptcy or abroad. Workers are now increasingly feeling the effects.
According to consulting firm Ernst & Young, over 100,000 jobs will likely be cut in 2025, especially in the industrial sector — the main victim of the energy and regulatory crisis. Since the pre-COVID period, German industry has lost roughly 10% of its production volume. Viewed in isolation, the sector resembles a depression more than a recession. A return to a sustainable growth path is unlikely under current conditions.
The heavily hit construction sector also suffers. Once a stabilizing force in 2020–21, building activity has collapsed since 2022. Real construction output fell 4% in 2024, with another 2.5–3% decline expected for 2025. Overall, real construction volume in 2025 will be 10–12% below 2019 levels.
False Hopes for a Rescue
The German government plans a €847 billion debt-financed stimulus over four years, mainly for military upgrades and infrastructure. However, most of the funds will likely be diverted to plug holes in Germany’s hemorrhaging social security system.
In 2025 alone, a social insurance deficit of at least €140 billion is expected. The federal government must fill this gap to avoid spiraling secondary costs. If so, the ambitious investment plans of the Merz administration will collapse.
Germany has become a socioeconomic problem case — and its leaders are clinging to the outdated Keynesian playbook. State spending, financed through debt and backstopped by ECB rate suppression, is expected to jump-start the economy.
But this will not happen. Only the market can efficiently allocate scarce capital toward productive uses that create prosperity. Berlin has yet to grasp this reality.
The recent U.S.-EU trade deal will cost Germany roughly €6.5 billion in tariffs in the first year. But far more damaging will be the accelerating exodus of companies relocating operations to the U.S. to avoid tariffs — unless Germany’s tariff regime changes.
The Merz government’s debt binge may briefly delay the insolvency wave by flooding markets with artificial capital. But this merely postpones the inevitable reckoning — a purge of subsidized zombie firms that thrived on cheap credit or EU Green Deal handouts.
Big Government, Green Ideology
Just weeks into Friedrich Merz’s chancellorship, one thing is clear: There will be no return to market-based economic policy. Merz has revealed himself as a proponent of big government, interventionism, and green transformation orthodoxy.
Germany still holds the political weight to derail Brussels’ transformation agenda and force a return to economic rationality. But so far, the country’s rapid deindustrialization and prolonged recession have not triggered a critical reassessment of its political course.
About the author: Thomas Kolbe,a Germany graduate economist, has worked for over 25 years as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.
END
ITALY
huge crackdown on Chinese mafia groups in Italy hurting their economy
(zerohedge)
Italian Police Arrest 13 In Nationwide Crackdown On Chinese Mafia Groups
Wednesday, Aug 06, 2025 – 07:20 AM
Authored by Tom Ozimek via The Epoch Times (emphasis ours),
Italian police arrested 13 people in a nationwide sweep against Chinese organized crime groups, striking what authorities called a “double blow” to criminal networks accused of drug trafficking, labor and sex exploitation, and money laundering.
Multiple coordinated operations conducted across a total of 25 provinces, including Milan, Rome, Florence, Prato, and Catania, targeted Chinese clans operating with mafia‑style intimidation and territorial control, according to a statement from the Interior Ministry and remarks by anti-organized crime police official Andrea Olivadese.
“On one front, the State Police carried out a ‘high‑impact’ action in 24 Italian provinces targeting entrenched Chinese criminal groups engaged in illegal trafficking, exploitation of prostitution and labor, product counterfeiting, drug dealing, and international money laundering,” the Interior Ministry said in a statement.
Hundreds of commercial businesses and vehicles were inspected, with more than 1,900 potential suspects identified, it added.
Alongside the arrests, police seized 550 grams—about 5,500 doses—of crystal methamphetamine known locally as “shabu,” as well as weapons and cash, Olivadese said. Another 31 people were reported to judicial authorities but not taken into custody.
Another operation, led by the Guardia di Finanza, dismantled a $3.9‑billion tax‑fraud ring, seizing $858 million, closing 266 shell companies, and freezing 400 bank accounts across the regions of Marche, Lombardy, and Piedmont, the Interior Ministry said.
“These coordinated actions show that Chinese mafia activity is not just a local issue but a transnational criminal reality capable of moving billions and infiltrating the economic fabric,” Interior Minister Matteo Piantedosi said in the ministry’s statement.
He praised the “exemplary professionalism and determination” of investigators in protecting the “honest citizens and economic health of the country.”
The crackdown comes amid heightened scrutiny of Chinese influence in Italy, including investigations into “overseas police stations” operated by Chinese authorities. Human rights group Safeguard Defenders reported in 2022 that Italy hosts the highest number of these clandestine centers—11 in total—in cities such as Rome, Milan, Venice, Florence, Sicily, and Prato.
Italian officials have denied authorizing the centers and pledged increased monitoring. Piantedosi said in December 2022 that sanctions would follow if any illegality was confirmed. Italy previously participated in joint patrols with Chinese police, but those were terminated in 2022 amid concerns about Beijing’s human rights record and the potential misuse of such facilities to surveil dissidents of the Chinese regime.
The Italian Parliament’s Anti‑Mafia Commission has also expanded its remit to investigate Chinese organized crime and alleged ties to the Chinese Communist Party (CCP). Analysts, including former NATO Defense College Foundation Director Giuseppe Morabito, have warned that Chinese gangs in Europe often operate in symbiosis with state‑linked actors, blurring the line between organized crime and foreign influence.
The Italian operations follow years of investigations into underground Chinese banking networks accused of funneling billions of euros from counterfeit goods, prostitution, and tax evasion back to China.
International reporting has also highlighted Chinese organized crime’s reach beyond Europe. A joint investigation by ProPublica and The Frontier in 2024 described links between Chinese diplomats and organized crime figures in the United States, while other studies have traced the role of Chinese triads in supplying Mexican cartels with precursor chemicals for fentanyl.
Ben Liang, Olivia Li, and Reuters contributed to this report.
END
UK
ROERT H
picture is worth 1000 words;
Jared Taylor on X: “Southend-on-Sea, Essex, United Kingdom, Aug. 3, 2025. https://t.co/gsOmNFO5m2” / X
Last time i was in England I had a difficult time believing that it was England. It only has gone worse.
UK
Ste | Protests today in Manchester 2nd aug 25. #protest #manchester #protesta #protestmarch #march #mcr #streetphotography | Instagram
Brits fight back against unchecked immigration
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
ISRAEL /GAZA/HEZBOLLAH/IRAN/SUMMARY OF THE LAST 24 HR
ISRAEL VS HAMAS
finally they condemn Hamas:
(JerusalemPost)
Foreign ministers from Europe, the Americas issue new statements condemning Hamas
Ministers, who include those from France, Canada, and the UK, released new public statements last weekend condemning Hamas and called for the immediate release of the remaining hostages.
Members of Hamas with the backdrop of the Gaza Strip, amid reports that Hamas has lost control of much of its territory.(photo credit: Shutterstock/Ali Chehade Farhat, REUTERS/Ibraheem Abu Mustafa)BySIMON KEJZMANAUGUST 5, 2025 22:48Updated: AUGUST 6, 2025 03:14
A dozen foreign ministers from European and American countries, including France, Canada, and the UK, released new public statements last weekend condemning Hamas, calling for the unconditional immediate release of the remaining Israeli hostages.
The full list includes ministers of foreign affairs from the governments of France, the United Kingdom, Canada, Sweden, the Netherlands, Czechia, Finland, Ukraine, Latvia, Serbia, Panama, Paraguay, and the European Commission.
With the exception of Panama, Serbia and Paraguay, all these foreign ministers also mentioned calls for disarmament of Hamas and its future removal from power in Gaza.
The ministers’ statements required ensuring a massive and unhindered flow of humanitarian aid—except for those from Czechia, Serbia, Panama, Paraguay, and the Netherlands. Some ministers (from Sweden, the UK, Canada, Finland, and Ukraine) also added the necessity of achieving a ceasefire.
French Foreign Minister Jean-Noël Barrot stood out by choosing to write his message in both French and Hebrew. This comes at a time when Franco-Israeli diplomatic tensions are at a historical low. France recently co-chaired a conference with Saudi Arabia at the UN headquarters in New York that advocated for the two-state solution.
France also announced its intention to recognize a Palestinian state at the 80th UN General Assembly in September, and encouraged the UK and Canada to do the same.
Caspar Veldkamp, minister of Netherlands’ foreign affairs, also emphasised on their former proposal to implement additional EU sanctions on Hamas and Palestinian Islamic Jihad.
Hamas, PIJ release hostage videos of Evyatar David, Rom Braslavksi
These statements are in response to last week’s shocking videos of devastated Rom Braslavski and emaciated Evyatar David, each abducted by Palestinian Islamic Jihad and Hamas in Gaza’s tunnels for more than 666 days.
Gideon Sa’ar recently appealed to bring the hostage crisis to the forefront of the global stage in light of the outrage it has caused. On Tuesday, Sa’ar attended a special UN Security Council session in New York that he initiated, alongside Israel’s UN Ambassador Danny Danon, to discuss the situation of the hostages.
END
ISRAEL HAMAS/GAZA
Gaza aid distribution site photos are staged for emotional effect, German media reports claim
The BILD report focuses on a widely circulated photo of desperate Gazan women and children holding pots and pans in front of a food distribution site.
(Illustrative) Palestinians climb onto a truck as they seek aid supplies in Khan Younis, southern Gaza Strip, August 4, 2025.(photo credit: REUTERS/Hatem Khaled)ByJERUSALEM POST STAFFAUGUST 6, 2025 17:10
There has been significant media attention over the last few days regarding reports by two German-language papers – BILD and Süddeutsche Zeitung – that accuse Gaza-based press photographers of staging photos of starving civilians.
The issue of staged photos or photos taken out of context came to a head at the end of July when the Coordination of Government Activities in the Territories (COGAT) said that a picture of a Gazan youth being portrayed as starving is actually suffering from a genetic disease.
The BILD report focuses on a widely circulated photo of desperate Gazan women and children holding pots and pans in front of a food distribution site.
Except photos taken by others at the same site show that the hoard is actually standing opposite freelance photographer Anas Zayed Fteiha, commissioned by the Turkish news agency Anadolu, BILD argues. The pots and pans are not being held up to the food distribution site, but the photographer, which Bild claims is staging for means of propaganda.
Undistributed photos show Gazans calmly receiving aid
Additionally, BILD adds that his photos at the Gaza aid distribution site show mainly women and children, but that other photos at the same site show mostly adult men calmly waiting for and receiving food. Fteiha did not distribute these ones.
“I assume that many of these pictures with starving and sick children are simply staged or come from other contexts,” emeritus history professor and photography expert Gerhard Paul told SZ.
Paul, who has been researching images from Israel and Gaza for 25 years, said the photos are not fake, but “people are presented in a certain way or provided with a falsifying caption to mobilize our visual memory and emotions.”
Paul told SZ that he and his students at the University of Flensburg recreated the scenes from images of various wars in three dimensions in order to understand the situation depicted, which is often not easy to understand from the two-dimensional image.
“Where is the photographer? Who is standing around him?” he asks. “What do the people depicted in the picture see? Do they see what we suspect, for example a food distribution? Or are they facing photographers?”
“The images also have an additional function,” Paul explained. “They are intended to overwrite the brutal images of the Hamas attack on October 7, 2023. Many people don’t even remember these pictures. Hamas is a master at staging images.”
However, he stressed that the journalists and photographers in Gaza are in a dangerous position, and due to their proximity to Hamas terrorists, cannot move freely. “Little bypasses Hamas,” Christopher Resch of Reporters Without Borders told SZ.
Resch also told SZ that the concept of photographers staging photos is not unique to Gaza, and is not necessarily problematic.
“I don’t think it’s reprehensible when a photographer instructs people to stand here and there with their pots,” he said. “As long as it approximates reality.”
Nevertheless, BILD’s report stressed that the photographer in question – Fteiha – is not exactly unbiased in his photojournalism.
He posts videos to social media saying “f*** Israel” and works for a news agency that speaks directly to the Turkish president Recep Tayyip Erdoğan who has had ties to Hamas.
As a result of the investigation, the German Press Agency and Agence France Press told BILD that they will no longer work Fteiha and would carefully check the pictures of other photo reporters as well, whereas Reuters says his photos “meet the standards of accuracy, independence and impartiality.”
“Despite his bias, his photos are published by major outlets like CNN, BBC, and Reuters,” Israel’s foreign ministry seethed in its response to the two reports.
“With Hamas controlling nearly all media in Gaza, these photographers aren’t reporting, they’re producing propaganda.”
“This investigation underscores how Pallywood has gone mainstream with staged images and ideological bias shaping international coverage, while the suffering of Israeli hostages and Hamas atrocities are pushed out of frame,” the ministry concluded.
The Jerusalem Post watched the video taken from the aid destruction site a few days ago, shared by Al Jazeera Ara
END
ISRAEL VS HEZBOLLAH
IDF kills Hezbollah terrorist who directed Syrian cells to attack Golan Heights
Hassam Kassam Ghraib was directing terrorist cells in Syria to launch rockets at the Golan Heights.
Lebanon’s Hezbollah members hold party flags as they listen to their leader Sayyed Hassan Nasrallah addressing his supporters via a screen during a rally marking the anniversary of the defeat of militants near the Lebanese-Syrian border, in al-Ain village, Lebanon August 25, 2019.(photo credit: REUTERS/AZIZ TAHER)ByJERUSALEM POST STAFF, REUTERSAUGUST 6, 2025 10:31Updated: AUGUST 6, 2025 11:11
The IDF killed Hezbollah terrorist Hassam Kassam Ghraib in the Bekaa Valley in eastern Lebanon on Tuesday night, the military said Wednesday.
Gharib was directing terrorist cells in Syria to launch rockets at the Golan Heights.
The targeting of the Hezbollah terrorist comes as the IDF has increased security concerns regarding southern Syria, where tensions have erupted into clashes between Druze and Bedouin armed groups.
It also comes following Hezbollah’s recent threats against the Jewish state.
Hezbollah’s renewed threats against Israel
Hezbollah chief Naim Qassem said that, should Israel engage in a “large-scale aggression” against Lebanon, Hezbollah, Lebanon’s army, and Lebanon’s people would defend themselves.
“This defense will lead to missiles falling inside the Israeli entity, and all the security they have built over eight months will collapse within an hour,” he said.
This is a developing story.
end
RUSSIA VS UKRAINE
Zelensky Says Mercenaries From Asia & Africa, Including Pakistan, Fighting For Russia
Wednesday, Aug 06, 2025 – 04:15 AM
President Volodymyr Zelensky has accused Russia of deploying foreign mercenaries along front lines in northeastern Ukraine. This certainly isn’t the first such accusation like this, but he has named some new, unexpected countries – unleashing new diplomatic tensions.
He alleged that foreign forces fighting in his country are from China, Tajikistan, Uzbekistan, Pakistan, and several African nations, citing what he said are eyewitness accounts from Ukrainian soldiers.
He issued the allegation during a battlefield visit to the Vovchansk sector, where the Ukrainian leader met with commanders to discuss the current situation.
Vovchansk is a mere three miles from the Russian border, and has recently seen renvewed intense fighting since related to Russia’s 2024 campaign focused on Kharkiv Oblast.
“The soldiers on this front are recording the participation of mercenaries from China, Tajikistan, Uzbekistan, Pakistan, and African countries in the war. We will respond,” Zelensky said in the statement.
While the last months have seen China and North Korea accused of sending troops to help Russia, the allegation against Pakistan is a first.
Pakistan’s government has responded quickly to the Monday remarks of Zelensky, blasting the idea of Pakistani troops fighting alongside Russia as “baseless and unfounded.”
“To date, Pakistan has not been formally approached by the Ukrainian authorities, nor has any verifiable evidence been presented to substantiate such claims,” the Pakistani Foreign Ministry Tuesday.
Back in April, Ukraine published images and footage showing Chinese nationals in military custody. “If the Chinese government is allowing their citizens to fight on behalf of the Russia government, this would be a concerning escalation and the US will consider options moving forward,” Zelensky had said at the time.
North Korea has also been involved in sending troops, and this is much better documented, given Pyongyang may have sent some 10,000 or more. These have been mostly active in Russia’s Kursk region.
Meanwhile, the allegation of foreign employing foreign fighters certainly goes both ways…
Iran too is involved in the conflict, but only through supplying drones and possible missiles. The Kremlin has even allowed an Iranian drone factory to be set up on Russian soil amid deepening defense cooperation. Zelensky has frequently declared there’s a Russia-aligned ‘axis’ fighting in Ukraine.
END
RUSSIA/MOLDOVA
fun and games inside Moldova
(zerohedge)
Moldova Jails Popular Pro-Russian Governor, Outraging The Kremlin
Wednesday, Aug 06, 2025 – 02:45 AM
Just over two weeks ago Russia’s Foreign Intelligence Service (SVR) issued a statement accusing the West, under US leadership, of turning Moldova into a military outpost aimed at confronting Russia, akin to what has happened over several years with Ukraine. Moscow has also accused the West of long meddling in the Republic of Georgia with the same purpose in mind.
The SVR’s provocative statement, which came in mid-July said Washington wants to use the country as “cannon fodder” in future hostilities, which is allegedly being fast-tracked by Western foreign policy decision-makers. Now the tiny country with EU aspirations (having been granted candidate status in 2022) is front and center in regional headlines, after a main opposition figure was arrested for alleged Russian-ties related to corruption.
The Kremlin has accused Moldovan authorities of engaging in political persecution after a court sentenced the pro-Russian governor of Moldova’s autonomous Gagauzia region to seven years in prison on Tuesday. Gagauzia’s governor, Evghenia Gutul, is accused of channeling Russian funds to a banned political party.
The government alleges that she transferred Russian money to the outlawed Shor Party between 2019 and 2022, paving the way for deeper ‘Russian influence’ in Gagauzia, a southern Moldovan region made up primarily of Russian-speaking ethnic Turks.
Gutul, who has rejected the accusations, has appealed for international help – especially in messages to Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan. She had been under arrest since March 2025, but prior to that reportedly traveled to Moscow to gain the support of Kremlin officials.
She has previously stated, “A fabricated criminal case has been brought against me. The Anti-corruption Prosecutor’s Office, under the influence of (Moldovan President Maia) Sandu, is targeting those who have improved lives in their country, worked for the benefit of the people, and opposed the government’s destructive actions, rather than tackling corruption.”
Kremlin spokesperson Dmitry Peskov blasted the ruling as “clearly politically motivated” as it represents “open and arguably unlawful pressure on political opponents” ahead of Moldova’s parliamentary elections this September.
Peskov added, “We are seeing the systematic suppression of opposition forces in Moldova, essentially stripping voters of the chance to choose freely. It’s clear that democratic standards and principles are being continuously undermined.”
Tensions are soaring, with pro-Gutul protesters taking to the streets, also after Moldovan President Maia Sandu’s recent warning and allegation that Russia was preparing an “unprecedented” campaign to interfere in the small country’s fall elections.
The tiny Eastern European nation bordering Ukraine has experienced the same kind of internal political pro-EU vs. pro-Russia tug of war historically on display in other countries such as Ukraine or Georgia. One thing which has long alarmed the West is the presence of Russian ‘peacekeeping’ troops in Moldova’s breakaway Transnistria region.
As for Transnistria, although it has diverse ethnic demographics almost equally apportioned between Russians, Moldovans, Romanians and Ukrainians, the Russian demographic slightly ekes out its counterparts with a plurality of 29% of Transnistrians belonging to the group. NATO wants to bring Moldova directly into its orbit, and ultimately kick Russian troops out of the region.
END
RUSSIA/UKRAINE
This is insame; Ukraine are now enlisting elderly and mentally handicapped
(zerohedge)
Watch: Trump Learns Ukrainian Military Now Enlisting Elderly, Mentally Handicapped
Tuesday, Aug 05, 2025 – 11:00 PM
As we covered last week, Ukrainian parliament has decided that “citizens aged 60+ can now enlist under contract during martial law.” ZeroHedge White House reporter Liam Cosgrove asked President Trump about this and other disturbing recruitment practices by our “Eastern Ally.”
Cosgrove: “President Zelensky just signed a law allowing for citizens age 60 and above to serve in the military,” Cosgrove said. “We’ve seen dozens of videos of young men being hauled into vans and dragged to the front lines against their will… even a young man with Down syndrome serving on the front line.”
“You said you wanted ‘to see the people stop dying’… Now the people dying are elderly, mentally handicapped, and conscripts.”
Cosgrove: “Even if a ceasefire doesn’t work out, why should Americans continue to fund a foreign military that’s scraping the bottom of the barrel like this?”
Trump responded that he had not heard about these actions by the Ukrainian military:
“I haven’t heard that,” referring to the specifics about Ukraine’s military draft, but reiterated that former President Biden was to blame for the bloodshed.
“This is Biden’s war. This is not my war. I’m here to get us out of it.”
He described the Ukraine war as “the one we’re working hardest on,” adding that he brokered five ceasefires in his second term and that he’d “like this to be the sixth.”
One can only hope.
end
RUSSIA/USA
Let us hope they can stop this senseless war
(zerohedge)
“Dialogue Will Prevail”: Unexpected Scenes Of Witkoff & Putin Envoy Strolling Through Moscow Park
Wednesday, Aug 06, 2025 – 11:45 AM
Bloomberg is reporting Wednesday that President Donald Trump suggested he would hike tariffs on more countries buying Russian energy, including China, as the deadline for ceasefire looms, and as US envoy Steve Witkoff is in Moscow trying to make headway with President Putin.
Witkoff’s talks with Putin lasted three hours, according to Russian media, after Witkoff landed in the country early on Wednesday. Images in Russian media showed the two men smiling and shaking hands in an ornate, gilded hall – after having met for several rounds of meetings spanning prior months.
The Kremlin in follow-up called it “constructive and useful” – according to TASS. They discussed the ongoing war in Ukraine, RIA Novosti stated.
Last month, Trump’s outlook turned more dire and negative on the chances for peace. “We thought we had [the war] settled numerous times, and then President Putin goes out and starts launching rockets into some city like Kyiv and kills a lot of people in a nursing home or whatever,” he had said.
And last week witnessed the single deadliest airstrikes on Kiev since the war’s start – with the death toll having risen to 32 after another man recently died of his injuries, following the collapse of a nine-story apartment that was struck.
Ukraine’s Volodymyr Zelensky has of course welcomed the prospect tougher US sanctions and tariffs on nations buying Russian oil. He has made clear Ukraine’s perspective that Putin would be forced into a serious peace deal if his war machine ran out of money.
Wednesday saw a fresh Russian attack in the central region of Zaporizhzhia, reportedly striking a holiday camp which left two dead and 12 wounded. “There’s no military sense in this attack. It’s just cruelty to scare people,” Zelensky said in the aftermath.
As for the dialogue with Trump’s envoy Witkoff, part of it took place through conversation with Putin’s economic envoy Kirill Dmitriev, with the two taking a relaxed stroll through a public park in Moscow, which apparently caught some random Muscovites by surprise.
So the Kremlin appears to be sending calm messaging, likely in hopes that Trump will hold off on implementing the more dire and drastic of consequences and threats.
Dmitriev has at the same time said he is confident Moscow and Washington can find common ground through diplomacy and honest dialogue. The CEO of the Russian Direct Investment Fund (RDIF) took to X after the Witkoff meeting and thanked his followers in English for “kind wishes for a successful visit of Steve Witkoff to Moscow,” adding that “Dialogue will prevail.”
Will it? Let’s hope so.
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
MARK CRISPIN MILLER
In memory of those who “died suddenly” in the United States and worldwide, July 28-August 4, 2025
memory of those who “died suddenly” in the United States and worldwide, July 28-August 4, 2025
Actress Loni Anderson; director Jonathan Kaplan; film editor Don Zimmerman; publicist Scott MacDonough; rockers David Roach (Junkyard), Erik Wunder (42, Cobalt); R&Ber Darnell Kimbrough; & more
| Mark Crispin MillerAug 6 |
A survey of the likely global toll of COVID “vaccination,” based on the reports collected by our worldwide team of researchers this past week.
To help support our work, consider subscribing or making a donation.
UNITED STATES (104)
Loni Anderson’s Illness Explained: Her Health Journey Before Her Death at 79
August 4, 2025
Loni Anderson was battling an illness by the time she died. After news broke of her death on August 3, 2025, fans, loved ones and industry peers mourned the late actress, who was best known for playing the character Jennifer Marlowe on WKRP in Cincinnati. Anderson’s exact cause of death has not been disclosed by the time of publication. However, publicist Cheryl J. Kagan said she died from an “acute prolonged illness,” according to The Hollywood Reporter. It’s unclear what illness Anderson was living with at the time of her death. She maintained a private lifestyle toward the end of her life.
Emmy Nominated ‘ER’ Director Dies After Cancer Battle
August 4, 2025
Director Jonathan Kaplan, who earned five Emmy nominations for his work on ER and directed Jodie Foster in The Accused, has died at 77. Kaplan passed away at his Los Angeles home Friday after a battle with liver cancer, his daughter Molly told The Hollywood Reporter.
Scott MacDonough, Unit Publicist on ‘Annie Hall’ and ‘Norma Rae,’ Dies at 81
August 2, 2025
Scott MacDonough, a veteran unit publicist who worked on films including Annie Hall, Norma Rae and Diner, died Tuesday at his home in New York, his family announced. He was 81.
No cause of death reported.
Joanna Carson, Johnny Carson’s Glamorous Third Wife, Has Died
August 3, 2025
Joanna Carson [83], the glamorous model who became Johnny Carson’s third wife — and whose divorce settlement was fodder for many of his self-deprecating jokes — has died. According to friends online, Ms. Carson’s death was announced privately in July, and her funeral was last week. On July 30, the Elizabeth Taylor AIDS Foundation remembered her with a Facebook post that placed in league with billionaire benefactor Wallis Annenberg, who also died last month [86, cancer].
No cause of death reported.
Robert Charles Hunter, Former PepsiCo CEO and Diane Ladd’s Husband, Dies at 77
August 2, 2025
Robert Charles Hunter, former CEO of PepsiCo Food Systems, author and the third husband of three-time Oscar-nominated actress Diane Ladd, has died. He was 77. Charles died Thursday in Fort Worth, Texas, while visiting his children, his family announced.
No cause of death reported.
Hip-Hop Pioneer Hitman Howie Tee Passes Away At 61
August 3, 2025
Hitman Howie Tee, a pioneering producer who helped define the sound of late ’80s and early ’90s hip-hop and R&B, has died. Born Howard Thompson in London (via Jamaica), he grew up in East Flatbush, Brooklyn. As of writing, a cause of death is unclear.
Junkyard frontman David Roach dies at 64 after cancer battle
August 3, 2025
David Roach, the former frontman of the American heavy metal band Junkyard, passed away in his home on August 1, 2025. The news of his death was announced by his former band on their Facebook page. A month before his passing, David Roach shared the news of his diagnosis on Instagram. Roach was suffering from an aggressive form of cancer. Later on, it was revealed that it was an aggressive form of squamous cell carcinoma that had spread throughout his neck, head, and throat.
Noted R&B songwriter and guitarist Darnell Kimbrough dies
August 2, 2025
It has been a bad week for fans of the legendary R&B group The Chairmen of the Board. Earlier this week, former group singer Darryl Johnson died, and now we have received news from group leader Ken Knox that the band’s former guitarist and a oft-recorded songwriter, Darnell Kimbrough, has passed. Detroit native Darnell Kimbrough was a noted musician who worked for several years with the Chairmen. The Eastern Michigan University alum was also active with other popular Detroit vocal groups of the late 70s and early 80s, writing “It’s Such a Groove” and “Who You Been Lovin’” for Five Special and “Welcome Back Home” for the Dramatics. He also performed on albums by both groups.
No age or cause of death reported.
Erik Wunder (Cobalt, Man’s Gin) has passed away
August 1, 2025
Erik Wunder, the creative force behind blackened sludge bands Cobalt and Man’s Gin, has reportedly passed away at the age of 42. While no official cause of death has been publicly confirmed, Metal Archives lists heart failure as the cause, stating that Wunder died on Thursday, July 31, 2025. This detail has yet to be formally verified. The news was shared publicly by fellow musicians Blake Judd (Nachtmystium) and Ken Sorceron (Abigail Williams), as well as Profound Lore Records, all of whom posted tributes to Wunder on social media.
Son of rapper Mack Maine passed away July 16, age 20 after a seizure
July 28, 2025
Mack Maine, born Jermaine Anthony Preyan, confirms his son Isaiah has died. TMZ reports that he was 20 at the time of his death .“Still confused, still questioning life and why my child and not me,” the grieving father wrote. Rapper Mack Maine said his young son Isaiah, also known as Zeke, died earlier this month after suffering a seizure. The New Orleans native, born Jermaine Anthony Preyan, announced the news in a Monday, July 28, Instagram post, alongside 20 photos. Isiah died at his California home on July 16, Mack Maine wrote.
Solar music legend Dana Meyers dies at age 73
July 29, 2025
Solar Records CEO Jessie Tsang broke the bad news on social media this morning of the passing of legendary soul music songwriter and producer Dana Meyers at age 73.
No cause of death reported.
Sandy Pinkard, Country Music’s Weird Al, Has Passed Away
July 31, 2025
He was a singer, he was a songwriter, and with his partner Richard Bowden, he was one of the most prolific and beloved parody artists in country music. Nobody coined him the “Weird Al of Country Music” in his time, but that doesn’t mean he didn’t deserve it. Sandy Pinkard [78] had been living in Kingwood, West Virginia, where he passed away at his home.
No cause of death reported.
Grammy-winning singer Jeannie Seely dies at 85 due to complications of an intestinal infection
August 2, 2025
Grammy Award-winning singer Jeannie Seely, best known for her hit Don’t Touch Me, passed away on Friday, August 1, 2025, at Summit Medical Center in Hermitage, Nashville, Tennessee. According to People, her publicist confirmed that she died due to complications from an intestinal infection, following a series of serious health challenges earlier this year. Jeannie was 85 years old at the time of her death.
Kelce family in mourning as Ed Kelce’s partner dies
August 2, 2025
Gladwyne, PA – Ed Kelce, the father of [footballers]Travis and Jason, has announced the death of his partner, Maureen Maguire. Kelce shared an obituary on his Facebook page on Saturday afternoon revealing that she had passed away on August 1 at the age of 74, surrounded by loved ones. The obituary describes Kelce as Maguire’s ‘beloved friend’ but she has repeatedly been referred to as Ed’s girlfriend amid the family’s whirlwind rise to fame over the last three years.
No cause of death reported.
O.J. Simpson’s Ex-Manager Norman Pardo Dead at 63, Wife Confirms: ‘He Had a Hell of a Run’
August 1, 2025
O.J. Simpson’s outspoken and gregarious former manager Norman Pardo suddenly passed away on July 31 at the age of 63 years old after a four-year battle with a heart condition, his wife exclusively confirms to the National Enquirer.
DR PAUL ALEXANDER
Fwd: Breaking urgent! RFK Jr. (Bobby Kennedy Jr.), excellent move here, praises to you Bobby! HHS to end Malone Bourla
reaking urgent! RFK Jr. (Bobby Kennedy Jr.), excellent move here, praises to you Bobby! HHS to end Malone Bourla Bancel Pfizer Moderna Sahin et al. mRNA Vaccine Development Under BARDA; I have issues
with the statement by RFK Jr. from HHS yet will take this but the announcement is sub-optimal & lacking (I will explain below): “HHS Secretary Robert F. Kennedy, Jr. “BARDA is terminating 22 mRNA
| Dr. Paul AlexanderAug 6 |
(Malone insert) vaccine development investments because the data show these vaccines fail to protect effectively against upper respiratory infections like COVID and flu. We’re shifting that funding toward safer, broader vaccine platforms that remain effective even as viruses mutate.”
Truth is RFK Jr.’s time-table is too slow, hobbling along, and we have Malone Bourla Pfizer et al. mRNA deadly vaccine still on US market and no accountability…we needed to see people hung, hung high for what they did with the fraud of COVID, the deadly OWS lockdowns and the deadly Malone mRNA vaccine after judges, courts, juries etc. were done with them. In proper legal settings and verdicts that we would action once guilt and capital punishment was declared by judges and juries…we want to hang wrong doers high! Across all those agencies and all involved, doctors, CEOs of pharma etc.
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.
I have a serious issue with the statement by RFK Jr. for it is lacking and as much as I love the guy, admire him, want his huge success, know he means well, the truth is he fails to center and recognize the harms and deaths from the Malone Bourla Weissman et al. mRNA vaccines. He failed. He just did not mention it and it is glaring.
This statement:
‘data show these vaccines fail to protect effectively against upper respiratory infections like COVID and flu.’
We were beyond protecting the upper airways Bobby, 4 years now, I have written about that many times. We knew one week after release in early 2021 that the Malone mRNA shot was non-sterilizing, non-neutralizing, negative effectiveness etc., did not stop transmission, replication, or infection. DOA.
Also, this statement:
We’re shifting that funding toward safer, broader vaccine platforms that remain effective even as viruses mutate.”
You know what that means folks, that is code for more mRNA vaccine, it is a big con game, mRNA vaccine is going nowhere, this is ‘legal’ speak, more self-amplifying, self-dissemination, all vaccine will be transformed to mRNA and when Bobby says ‘viruses mutate’, he knows enough to recognize and allude to here that there will be relentless sub-optimal immune pressure that will drive more and continuous Darwinian natural selective pressure on the infectiousness of the virus as well as the lethality, the virulence, on the N-terminal domain etc. Once you continue to bring a sub-optimal non-sterilizing vaccine into the teeth midst of circulating infectious pressure/virus, then there will be selection of the sub-variants that are more competitively advantaged to survive and thrive and be selected…they will be enriched and become the new dominants clades/sub-variants.
RFK Jr. is basically admitting that they at HHS, FDA, CDC, NIH Pfizer, CDC, Moderna, BioNTech etc. will continue with mRNA vaccine and they know there will be new sub-variants and continuous vaccine failure (as he said, para ‘does not protect the upper airways’) and so many more MISMATCHED vaccine spike to circulating spike using LEAKY and IMPERFECT vaccine…RFK Jr. knows it is a recipe for disaster and failure.
Over to you Bobby to take the next step to fix this madness.
You know you come to this stack for no washing, lathering, or cupping of stones. I call it as it is, as much as I love RFK Jr. and support him and want his huge success!
All the same, in spite of my huge disappointment, I applaud RFK Jr. for a good step. Here. Small. Little. But good. Praises are due. We are waiting for the removal of the deadly mRNA vaccines from market. Bobby.
RFK Jr.:
‘The wind-down affects a range of programs including:
- Termination of contracts with Emory University and Tiba Biotech.
- De-scoping of mRNA-related work in existing contracts with Luminary Labs, ModeX, and Seqirus.
- Rejection or cancellation of multiple pre-award solicitations, including proposals from Pfizer, Sanofi Pasteur, CSL Seqirus, Gritstone, and others, as part of BARDA’s Rapid Response Partnership Vehicle (RRPV) and VITAL Hub.
- Restructuring of collaborations with DoD-JPEO, affecting nucleic acid-based vaccine projects with AAHI, AstraZeneca, HDT Bio, and Moderna/UTMB.
While some final-stage contracts (e.g., Arcturus and Amplitude) will be allowed to run their course to preserve prior taxpayer investment, no new mRNA-based projects will be initiated. HHS has also instructed its partner, Global Health Investment Corporation (GHIC), which manages BARDA Ventures, to cease all mRNA-based equity investments. In total, this affects 22 projects worth nearly $500 million. Other uses of mRNA technology within the department are not impacted by this announcement.’
HHS Winds Down mRNA Vaccine Development Under BARDA | HHS.gov
___
NEWS ADDICTS
| Texas House Approves Arrest Warrants for Absent DemocratsThe Texas House of Representatives voted Monday to approve civil arrest warrants for Democratic lawmakers who fled the state to prevent a quorum, halting progress on Republican redistricting legislation that could net the GOP five new congressional seats in 2026.With the 4:00 p.m. CT deadline come and gone and no quorum established, Speaker Dustin Burrows (R) announced he would sign …READ THE FULL REPORT |
| DOJ Launching Grand Jury Investigation Into RussiagateIn a major development, U.S. Attorney General Pam Bondi has directed a federal prosecutor to begin grand jury proceedings tied to the Russia collusion hoax, following a criminal referral from Director of National Intelligence Tulsi Gabbard, Fox News Digital reported Monday.The move signals that the Department of Justice under President Trump is prepared to pursue criminal charges in connection with …READ THE FULL REPORT |
| Grassley Places Holds on 3 Trump Treasury NomineesSenators Chuck Grassley (R-IA) and John Curtis (R-UT) have placed formal holds on three of President Donald Trump’s Treasury Department nominees, citing concerns over the department’s approach to phasing out wind and solar energy tax credits—a provision outlined in the GOP’s landmark tax and spending package.The blocked nominees include:Brian Morrissey, Jr., nominated for General Counsel of the TreasuryFrancis Brooke, nominated …READ THE FULL REPORT |
| Watch: Conservative Host Crashes MSNBC’s Live NewscastAlex Stein, the viral media personality and unapologetic conservative firebrand, made headlines again Monday after interrupting a live MSNBC broadcast outside the Texas Capitol to deliver a blunt message to the liberal network:“MSNBC sucks! MSNBC sucks! MSNBC sucks!”The moment, captured live on national television, showed flustered staffers scrambling to push Stein off camera as he chanted in front of stunned …READ THE FULL REPORT |
| Watch: Radio Host Fires Back After Trump Calls Him ‘Racist Sleazebag’Charlamagne tha God, host of The Breakfast Club, hit back at President Donald Trump on Monday, continuing a high-profile public feud that erupted over the weekend after Charlamagne criticized Trump’s second-term performance in an interview with Lara Trump.The exchange began Saturday on My View with Lara Trump, when Charlamagne accused the president of failing to deliver on key campaign promises, …READ THE FULL REPORT |
NEWSWIZE
| LATEST NEWS |
| The Howard Stern Show to be canceled after nearly 20 years on SiriusXM as ‘$100m’ contract is up later this yearAfter two decades on satellite radio, The Howard Stern Show is reportedly getting canceled. According to The U.S. Sun, SiriusXM is preparing to part ways with the 71-year-old radio legend when his current contract expires this fall. Stern, long considered one of the most influential broadcasters in American radio history, may be preparing to exit the airwaves for good. Stern …READ MORE |
| Sean ‘Diddy’ Combs formally requests a presidential pardon from TrumpMusic mogul Sean “Diddy” Combs has formally requested a presidential pardon from President Donald Trump following his recent conviction on federal prostitution charges. According to his defense attorney, Nicole Westmoreland, Combs’ legal team has initiated formal communication with the Trump administration in hopes of securing clemency ahead of his October sentencing. Westmoreland stated, “It’s my understanding that we’ve reached out …READ MORE |
| Anti-Trump GOP Leader Switches Sides, Joins Democratic PartyGeoff Duncan, the former lieutenant governor of Georgia, has formally left the Republican Party and joined the Democrats, highlighting growing tensions within the state GOP. Duncan’s decision follows his endorsement of former Vice President Kamala Harris in the 2024 presidential race—a move that stirred controversy among Georgia Republicans.In an interview with WABE’s “Morning Edition,” Duncan cited the election of President Donald …READ MORE |
| Red State Horror: 13-Year-Old Arrested in Bone-Chilling Plot Targeting MinorsA 13-year-old boy from Florida was taken into custody last Friday on multiple serious charges, including possession of child pornography and sexual content involving animals. Pasco County Sheriff Chris Nocco revealed the arrest Monday, explaining that the boy had been involved in an online group on Discord—a platform popular among gamers and younger audiences—that allegedly promoted harmful behavior among minors.The probe …READ MORE |
| Bondi Targeted as Political Fallout DeepensAttorney General Pam Bondi was subpoenaed Tuesday by the U.S. House Oversight Committee, marking a sharp intensification of the ongoing investigation into Jeffrey Epstein. Bondi is expected to testify before Chair James Comer (R-KY) and other Republican committee members on Aug. 19.The subpoena demands Bondi produce records related to Epstein and his longtime associate, Ghislaine Maxwell, including case files and communications. This …READ MORE |
EVOL NEWS
MICHAEL EVERY/OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL /ENERGY ISSUES/WORLD WIDE
Shale Giant Diamondback Slashes CapEx Again Ahead Of Crude Supply Flood
Wednesday, Aug 06, 2025 – 01:45 PM
Three months ago, then-CEO of Diamondback Travis Stice made waves when he declared that US shale-oil production had peaked, a forecast that shook the industry. It was also accurate (for now): since then, domestic crude drilling activity has dropped by 12% to the lowest in almost four years.
The CEO also took the rational and prudent step of slashing the Permian shale giant’s capex spending amid the ever growing OPEC+ price war, instead of engaging in a race to the bottom.
Fast forward to today when the largest independent Permian Basin oil driller is now warning of a bearish influx of crude supplies to global markets in coming months.
In preparation, Diamondback Energy is cutting even more capex – $100 million to be precise – narrowing its output forecast and delaying some fracking work. The moves announced Monday by the company’s new CEO Kaes Van’t Hof are, like three months ago, defensive in nature and aimed at avoiding the trap of boosting production when there’s a risk of weaker prices in a well-supplied market.
In a letter to shareholders, Van’t Hof never mentioned the OPEC+ alliance. He didn’t need to: the cartel has been hammering oil markets with a series of supply increases despite bleak demand signals that combined to sent US crude down 17% since mid-January.
“The projected increase in global oil supply in the second half of this year is hard to ignore,” the CEO wrote. “Therefore, we have set up our business for the rest of 2025 to hold oil volumes flat while cutting spending.”
Diamondback also reported weaker profit in the second quarter of 2025, despite growing revenue and increasing production during the period.
The Midland, Texas-based oil and gas company said net income attributable to the company fell 16% to $699 million in the second quarter ended June 30, down from $837 million a year earlier. Yet total revenue increased 48% to $3.68 billion from $2.48 billion, and production surged with daily combined volumes growing 94% to 919,879 barrels of oil equivalent per day, up from 474,670. The problem is that total costs and expenses also spike, rising 91% to $2.54 billion from $1.33 billion.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
BRAZIL/USA
Lulu refuses to negotiate with Trump. The real issue is Bolsonaro
(zerohedge)
Brazil’s Lula Defiant: ‘I Will Not Call Trump, Am Not Afraid’
Tuesday, Aug 05, 2025 – 08:30 PM
President Trump has sent a message to President Luiz Inacio Lula da Silva saying the Brazilian leader could “call him anytime” to discuss the trade dispute centered on the country’s treatment of ex-leader Jair Bolsonaro.
Lula has defiantly responded Tuesday with the statement, “I will not call Trump because he does not want to talk.” He further asserted that nobody gives him lessons in negotiations.
Speaking during an event held in Brasilia, he made clear: “I don’t want people to think I am afraid of Donald Trump” and that “the US president had no right to announced the tariffs on Brazil the way he did” – especially as they make no sense.
Additional vehement complaints about the US position, at a moment a record-setting 50% tariff has taken effect for many Brazilian goods entering the US, are as follows via Bloomberg:
- US attacks on instant payment system Pix are unjustified, we cannot be penalized for developing a free and efficient system, said Lula
- The allegations about the Pix payment system, regulation of digital platforms and deforestation are unreasonable “Pix is a national heritage and an international reference for public and digital infrastructure. I would like President Trump to try out Pix in the US.”
- Brazil never left the negotiation table Political and electoral interests cannot contaminate commercial relations
- Critical minerals belong to Brazil and will not be explored by other nations
The Trump administration is demanding that charges against Bolsonaro, stemming from his rejection of the election results which brought Lula back to power, be dropped.
However, the government has emphasized the independence of the judiciary. A week ago the US slapped sanctions on Brazilian Supreme Court Justice Alexandre de Moraes.
But regional analyst Bruna Santos of the Inter-American Dialogue in Washington DC, has explained that dropping the charges against Bolsonaro is simply not going to happen.
“The ask for Lula was undoable,” he was quoted in the Associated Press as saying. “In the long run, you are leaving a scar on the relationship between the two largest democracies in the hemisphere.”
As of Monday Bolsonaro has been ordered under house arrest, with the federal top court citing violations related to stoking resentment via social media and public messaging. For now at least, it looks like the government is backing down, despite the damage to trade relations and future economic pain.
END
MEXICO
This is going to hurt Mexico badly as they depend on dollars coming into their country from the USA
(zerohedge)
Cash Sent Home By Mexicans Craters 16.2% In June As More Immigrants Leave US Workforce
Wednesday, Aug 06, 2025 – 06:55 AM
The amount of cash being sent home by Mexicans living in the United States cratered in the first half of 2025 – with June marking the third consecutive monthly increase.
According to Banxico, Mexico’s national bank, remittances from the United States have fallen by nearly 6% since January, and 16.2% during the month of June – when only $5.2 billion was sent back to Mexico, vs $6.207 billion in the same month in 2024.
And while the bank reports that the average amount being sent back is higher than in 2024 at $409, the number of people sending money back has dropped by 14%.
Executives at Western Union recently admitted on an earnings call that the outflow of hot money from the United States has slowed amid the crackdown on illegal aliens.
CFO Matt Cagwin told Wall Street analysts that they “continued to see weakness in North America, driven by immigration policy, which led to a slowdown in the independent channel.”
CEO Devin McGranahan explained that the “slowdown” is in both retail and digital businesses between the United States and Mexico.
Over the past year, nearly $63 billion was sent back to Mexico by people living north of the border – a significant drop from the peak years of 2023 and 2024.
“Remittances plummeted in June due to low job creation for Mexicans in the United States and the fear of migrants to go out due to the possibility of being deported,” Gabriela Siller, director of economic analysis at Banco Base, wrote on X on Friday, adding that “remittances could continue to decline for the rest of the year, affecting consumption in Mexico.”
As we noted on Friday, there has been an unprecedented purge of illegal alien workers in the United States. In July, the number of foreign born workers tumbled by 467K. It wasn’t just July though: as shown below, foreign-born workers (which, again, are mostly illegal aliens) have declined four months in a row…
Analysts, meanwhile, think remittances could continue to fall throughout the second half of the year.
Analysts from the banks Banorte, BBVA, Goldman Sachs and JPMorgan also believe there is a risk that remittances will continue to decline in the second half of 2025, according to the newspaper El Economista.
Such an eventuality would affect millions of Mexican families that depend on remittances to meet their basic needs. It would also affect the Mexican economy, reducing consumption and thus contributing to what is widely forecast to be a lower level of growth in 2025. -MexicoNewsDaily
The vast majority of remittances to Mexico are sent from the United States – which will impose a 1% tax on cash sent starting Jan. 1, 2026 – which has prompted the Mexican government to promote a government bank card that can avoid US-based Mexicans to avoid the tax.
99% of money transfers were done electronically, while the rest were done via cash or money transfers according to Banxico, as reported by Border Report.
According to Jesús Cervantes González, director of economic statistics at the Center for Latin American Monetary Studies, “there are indicators that show a weakening of employment for Mexican immigrant workers in the United States,” MexicoNewsDaily reports.
“That could be due both to a genuine decrease in demand for such workers and to their irregular presence at their workplaces out of fear of being deported,” he said.
US Immigration and Customs Enforcement has been carrying out immigration raids in various US cities this year – including a major operation in Los Angeles in June – with President Trump pledging to carry out the “largest deportation operation in US history.”
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS WEDNESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1580 UP 0.0002 PTS OR 2 BASIS POINTS
USA/ YEN 147.64 UP 0.115 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 1.3295 DOWN .0003 OR 3 BASIS PTS
USA/CAN DOLLAR: 1.3769 DOWN 0.0003 (CDN DOLLAR UP 3 BASIS PTS)
Last night Shanghai COMPOSITE UP 16.40 PTS OR 0.45%
Hang Seng CLOSED UP 24.81 PTS OR 0.10%
AUSTRALIA CLOSED UP 0.91%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 24.81 PTS OR 0.10%
/SHANGHAI CLOSED UP 16.46 PTS OR 0.45%
AUSTRALIA BOURSE CLOSED UP 0.91 %
(Nikkei (Japan) CLOSED UP 245.32 PTS OR 0.61%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 3369.00
silver:$37.81
USA dollar index early WEDNESDAY morning: 98.58 UP 1 BASIS POINTS FROM TUESDAY’s CLOSE
WEDNESDAY MORNING NUMBERS ENDS
And now your closing WEDNESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.056% UP 2 in basis point(s) yield
JAPANESE BOND YIELD: +1.509% UP 4 FULL POINTS AND 00/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.216 UP 2 in basis points yield
ITALIAN 10 YR BOND YIELD 3.460 UP 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.6349 UP 1 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY WEDNESDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1621 UP 0.0043 OR 43 basis points
USA/Japan: 147.42 DOWN 0.101 OR YEN IS UP 10 BASIS PTS//
Great Britain 10 YR RATE 4.5130 DOWN 0 BASIS POINTS //
Canadian dollar UP .0023 OR 23 BASIS pts to 1.3748
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY DOWN AT 7.1841 CNY ON SHORE ..
THE USA/YUAN OFFSHORE DOWN TO 7.1857
TURKISH LIRA: 40.66 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.509
Your closing 10 yr US bond yield UP 3 in basis points from TUESDAY at 4.226% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.8090 UP 4 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.726 UP 1 BASIS PTS.
GOLD AT 11;00 AM 3365.70
SILVER AT 11;00: 37.80
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: WEDNESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 21.58 PTS OR 0.24%
GERMAN DAX: UP 78,29 pts or 0.33%
FRANCE: CLOSED UP 13.99 pts or 0.18%
Spain IBEX CLOSED UP 21.40 pts or 1.84%
Italian MIB: CLOSED UP 266.21 or 0.65%
WTI Oil price 66.31 11.00 EST/
Brent Oil: 68.71 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 79.69 ROUBLE UP 0 AND 31/ 100
CDN 10 YEAR RATE: 3.414 UP 2 BASIS PTS.
CDN 5 YEAR RATE: 2.963 UP 1 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1663 UP 0.0084 OR 84 BASIS POINTS//
British Pound: 1.3364 UP .0066 OR 66 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.5180 DOWN 1 FULL BASIS PTS//
JAPAN 10 YR YIELD: 1.503 UP 3 FULL BASIS PT
USA dollar vs Japanese Yen: 147.09 DOWN 0.440 BASIS PTS
USA dollar vs Canadian dollar: 1.3745 DOWN 0.0027 BASIS PTS// CDN DOLLAR UP 27 BASIS PTS
West Texas intermediate oil: 63.92
Brent OIL: 66..64
USA 10 yr bond yield UP 1 BASIS pts to 4.215
USA 30 yr bond yield UP 4 PTS to 4.810%
USA 2 YR BOND: DOWN 2 PTS AT 3.699%
CDN 10 YR RATE 3.397 UP 2 BASIS PTS
CDN 5 YEAR RATE: 2.948 UP 1/2 BASIS PTS
USA dollar index: 97.99 DOWN 59 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 40.66 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 79.65 UP 0 AND 35/100 roubles //
GOLD $3372.15 (3:30 PM)
SILVER: 37.82 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 81.75 OR 0.19%
NASDAQ 100 UP 296.48 PTS OR 1.29%
VOLATILITY INDEX: 16/77 DOWN 1.08 PTS OR 6.05%
GLD: $ 310.50 DOWN 0.66 PTS OR 0.21%
SLV/ $34.35 UP 0.00 PTS OR OR 0.00%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 320.56 PTS OR 1.16%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
Bitcoin, Big-Tech, & Bond Yields Jump As Trump Talk Tanks Texas Tea
Wednesday, Aug 06, 2025 – 08:00 PM
Three quick charts to start, summarizing the current market maelstrom.
Complacency: Stocks at record highs while the macro situation deteriorates rapidly…
Source: Bloomberg
Corruption: US Financial Conditions are as ‘loose’ as they were BEFORE The Fed started hiking in 2022 (yet Powell refuses to cut rates)…
Crazy: Just how wild have US Treasury markets become when a PolyMarket trade (Warsh as Fed Head odds plunge) sparks a sudden 7bps spike in 10Y TSY yields…
Source: PolyMarket, Bloomberg
Ok, rant over… back to today’s moves…
AAPL led the Mega-Caps higher (on the heels of its Trump-taming investment), to erase all the post-payrolls plunge…
Source: Bloomberg
…which lifted Nasdaq to be the best performer of the majors (with Small Caps lagging)…
…which as we noted yesterday, reverses the reversion of NDX/RTY – which is now breaking back out of its recent range (again)…
Source: Bloomberg
Mag7 stocks massively outperformed the S&P 493 today…
Source: Bloomberg
Treasuries were mixed with the long-end underperforming today (30Y +3bps, 2Y -3bps), which has dragged yields back to basically unchanged on the week…
Source: Bloomberg
The Treasury market today was dominated by the yuuge spike intraday (as noted above)…
Source: Bloomberg
Rate-cut odds rose for all the FOMC meetings this year (with 62bps of cuts now priced in for 2025)…
Source: Bloomberg
The dollar dumped again today, now retracing down Fib61.8% off the recent cycle highs…
Source: Bloomberg
Interestingly, despite the dollar weakness, gold also traded lower on the day…
Source: Bloomberg
Bitcoin ripped back above $115k today, erasing yesterday’s losses…
Source: Bloomberg
Ethereum continues to outperform, now back at the bottom of 2021’s DeFi Boom rally…
Source: Bloomberg
Crude prices crashed to their lowest in two months after a sizable crude draw (which should be bullish) and sanctions on India over Russian oil buying (which should be bullish) both trump’d by some headlines on the possibility of a Trump-Ukraine peace-talks progressing (bearish oil)…
Source: Bloomberg
Finally, it’s deja vu all over again in US equity markets as the Liberation Day dump and pump echoes the COVID crash and dash…
Source: Bloomberg
…for now!
USA DATA RELEASES
student loans at record levels and also delinquencies
(zerohedge)
Shocking, Record Explosion In Student Loan Delinquencies Marks The Start Of Next Debt Crisis
Tuesday, Aug 05, 2025 – 05:20 PM
Total household debt rose by $185 billion in the second quarter of 2025, a 1% rise from Q1 2025. Balances now stand at $18.39 trillion and have increased by $4.24 trillion since the end of 2019, just before the pandemic recession.
Before is a snapshot of the latest Q2 data, courtesy of the NY Fed:
Balances
- Mortgage balances grew by $131 billion during the second quarter of 2025 and totaled $12.94 trillion at the end of June.
- Balances on home equity lines of credit (HELOC) rose by $9 billion, the thirteenth consecutive quarterly increase. There is now $411 billion in outstanding HELOC balances, $94 billion above the low reached in the first quarter of 2022.
- Credit card balances rose by $27 billion during the second quarter and now total $1.21 trillion outstanding and are 5.87% above the level a year ago.
- Auto loan balances rose by $13 billion, and now stand at $1.66 trillion.
- Other balances, which include retail cards and consumer finance loans, were roughly unchanged at $540 billion.
- Student loan balances edged up by $7 billion and now stand at $1.64 trillion.
- In total, non-housing balances increased by $45 billion, a 0.9% increase from 2025Q1.
Originations
- Mortgage originations increased slightly, with $458 billion newly originated in Q2.
- There were $188 billion in new auto loans and leases during Q2, an increase from the $166 billion observed in the first quarter of 2025.
- Aggregate limits on credit cards continued to rise, with a $78 billion (1.5%) uptick in the second quarter.
- Home equity lines of credit (HELOC) limits rose by $18 billion, continuing the growth in HELOC limits that began in 2022
Credit Quality
- Credit quality of newly originated loans was mixed: The credit scores of newly originated auto loans decreased, as the median score for auto loan originations decreased by 6 points.
- There was an improvement in the credit quality of mortgages, as the median score of newly originated mortgage loans increased by 5 points and the tenth percentile score increased by 13 points.
- About 53,000 individuals had new foreclosure notations on their credit reports, a decline from the previous quarter
All of the above is more or less as expected: yes, the US consumer is drowning in (ever more) debt, but that’s hardly a surprise: since life for middle class Americans is now largely unaffordable, most Americans have no choice but to take on even more debt.
There was, however, one big shock, and it had to do with the trillions in student debt in general, and the end of the repayment moratorium in particular (see “Trump Admin Begins Collecting On Student Loans In Default“).
As the NY Fed notes, aggregate delinquency rates “remained elevated in the second quarter of 2025” which is putting it mildly. As of the end of June, 4.4% of outstanding debt was in some stage of delinquency, which is 0.1% higher than the first quarter.
And while transition into early delinquency held steady for nearly all debt types; the exception was for student loans, which saw another uptick in the rate at which balances went from current to delinquent due to the resumption of reporting of delinquent student loans on credit reports after a nearly 5-year pause due to the pandemic.
Student loan delinquencies have been on the rise since the beginning of the year, after the government ended Biden’s years-long payment freeze.
As the charts below show, transition rates into serious delinquency, defined as 90 or more days past due, were largely stable for auto loans and credit cards (although both were elevated compared to previous years), edged up slightly for mortgages and HELOCs … and absolutely exploded higher for student loans, as the share of student-loan debt entering serious delinquency was 12.9%, the highest in 21 years of data!
In fact, as one can clearly see there has never been such a catastrophic deterioration in student loan in US history across borrowers of virtually all ages, but especially those 50 and over!
The record surge in delinquencies suggests American households, especially those with student loans, are facing increasing financial distress this year amid high interest rates and a slowdown in hiring. Recent data showed consumer spending fell in the first six months of 2025, even before tariffs started to boost prices.
While transitions into delinquency is the start of the bankruptcy pipeline, the end is also getting busier, and about 131.000 consumers had a bankruptcy notation added to their credit reports in Q2, an increase from the previous quarter. Expect this number to explode once all those student loan delinquencies transition to defaults in a few months at which point the student loan crisis becomes front and center.
The dramatic deterioration will be another factor forcing the Fed to cut rates in September. Last week, Fed chair Jerome Powell said of delinquency rates, “Essentially, you have a consumer that’s in good shape and is spending,” though admittedly “not at a rapid rate.” Actually, turns out the consumer – when it comes to student loans – is now broker than ever.
In a briefing with reporters, New York Fed researchers said student-loan delinquencies would likely continue to rise, eventually returning to pre-pandemic levels. Between late 2012 and early 2020, the share of student debt that was seriously delinquent ranged between 10.7% and 11.8%.
“This quarter’s flow of household debt into serious delinquency was mixed across debt types, with credit card and auto loans holding steady, student loans continuing to rise and mortgages edging up slightly,” Joelle Scally, an economic policy adviser at the New York Fed, said in a press release, underplaying the clearly catastrophic surge in student loan delinquencies, and soon, defaults which will result in tens of millions of consumers suddenly finding themselves carved out from the US consumer economy just as the student loan crisis goes front and center.
Full New York Fed Household Credit slideshow can be found here.
END
USA ECONOMIC NEWS
the real reason for Russiagate: the email Clinton scandal. She wanted a diversion and then she created this mess
(zerohedge)
Taibbi: No Doubt Left… Russiagate Was A Cover-Up
Tuesday, Aug 05, 2025 – 04:20 PM
Authored by Matt Taibbi via Racket News,
The most infuriatingly complex scandal of all time has just been reduced to a page or two, thanks to another declassified release…
It was a cover-up.
The Russiagate scandal has long been one of the most convoluted, hard-to-follow news stories of all time. It even has multiple names thanks to its peculiar chronology. From 2016 until April 2019 — while Democrats still held out hope of “presidency-wrecking” revelations that would topple Donald Trump — it was generally known as the Trump-Russia scandal. After Special Counsel Robert Mueller broke the hearts of MSNBC audiences by issuing a report without new indictments, attention began to be cast on the scandal’s fraudulent construction, how it was propped up by political spying, illegal leaks, and WMD-style intelligence fakery. Trump and others began to call it Spygate or the Russia hoax, but the name that stuck was Russiagate.
Those of us who covered the story from the start had a difficult time explaining to audiences what it was, as we ourselves didn’t know. Now we do, after a month of disclosures, capped yesterday by the release of an explosive (and inexplicably long-classified) annex to the report of Special Counsel John Durham. Finally, it seems, we can explain how the idea that Donald Trump was “gaffing his way toward treason” through a secret love affair (really!) with Vladimir Putin and extensive “ties” or “links” with Russia suddenly became The Biggest Story in the World in the summer of 2016.
“THE KISS”: Media outlets were promoting the “love story” as early as March 2016
It wasn’t the start of a corruption story about Trump, but the cover-up of a still-unresolved Hillary Clinton scandal. This is purely a Clinton corruption story, probably the last in a long line, as neither Bill nor Hillary will have careers when it’s finished, if they stay out of jail. Characteristically, the most powerful political family since the Kennedys won’t just bring many individuals down with them, but whole institutions, as the FBI, the CIA, the presidency of Barack Obama, and a dozen or so of the most celebrated brands in commercial media will see their names blackened forever through association with this idiotic caper. A fair number of those media companies should (and likely will) go out of business.
Now, we know. With the help of the declassified Durham material, we can explain the whole affair in three brushstrokes.
One, Hillary Clinton and her team apparently hoped to deflect from her email scandal and other problems via a campaign tying Trump to Putin. Two, American security services learned of these plans. Three — and this is the most important part — instead of outing them, authorities used state resources to massively expand and amplify her scheme. The last stage required the enthusiastic cooperation and canine incuriosity of the entire commercial news business, which cheered as conspirators made an enforcement target of Trump, actually an irrelevant bystander.
I’ve tiptoed for years around what I believed to be true about this case, worrying some mitigating fact might emerge.
Now, there’s no doubt.
Hillary Clinton got in a jam, and the FBI, CIA, and the Obama White House got her out of it by setting Trump up. That’s it. It was a cover-up, plain and simple…
…
These people just can’t stop lying. The whole thing is one endless lie, the reason for which is now clear.
Hillary Clinton got in trouble being dumb, tried to save herself by doing something dumber, and all of American officialdom backed the play. That’s it.
A last period of denials awaits, but they’ll fizzle like the rest, after which not much will be left but blunt truth — and hopefully, consequences.
Subscribers can read Matt’s full, and brilliant, note here…
END
One Of The World’s Oldest Asset Classes Just Hit Record Highs
Tuesday, Aug 05, 2025 – 10:10 PM
Farmland is one of the oldest asset classes, rivaling precious metals in its ability to preserve generational wealth.
Unlike stocks or fiat currencies, farmland and cropland are tangible, finite, and highly productive. As the global population continues to grow and demand for healthier food intensifies, arable land per capita is shrinking due to urban sprawl and environmental degradation. This makes farmland not just a low-volatility store of value, but also a necessary hedge against rising global instability and inflationary pressures.
The latest USDA Land Values 2025 Report from the National Agricultural Statistics Service (NASS) reports a 4.3% increase in average farmland values, pushing prices to a record $4,350 per acre. This follows a 5% ($200) increase between 2023 and 2024 and marks the fifth straight year of gains in agricultural real estate. Cash rents for cropland also hit a new high, rising .60% to $161 per acre.
Average Farm Real Estate Value – United States: 2011-2025
2025 Farm Real Estate Value by State
Average Cropland Value – United States: 2011-2025
2025 Cropland Value by State
Average Pasture Value – United States: 2011-2025
2025 Pasture Value by State
There’s a reason billionaires like Bill Gates and Jeff Bezos are quietly buying up vast amounts of farmland: it’s low-volatility and an asset that preserves and grows generational wealth.
Hmm…
END
MY BET IS KEVIN WARSH!!
Trump Advised To Nominate Temporary Fed Governor To Fill Open Seat
Wednesday, Aug 06, 2025 – 01:05 PM
Bloomberg reports that Trump’s advisors are “encouraging” him to nominate a temporary Fed governor to fill Ariana Kugler’s soon-to-be vacant seat on the central bank’s board. Naming a governor to serve out the term for the seat opening soon, set to expire in January 2026, would give Trump additional time to interview candidates to serve as chair when Powell’s tenure leading the central bank ends in May of next year. Fed Governor Adriana Kugler announced last week that she plans to vacate her role on Aug. 8.
The Fed pick is likely to already work in government, be a short term choice and have been previously vetted by the US Senate for a Federal job. This person would still needs to clear the Senate confirmation process, a vetting process that has traditionally taken months, but could be expedited if Trump pressures lawmakers to quickly fill the seat.
In this case, neither Kevin Warsh or Kevin Hassett will fill the job. Warsh is not working for the government now and Hassett’s current position as the the Director of the National Economic Council does not require Senate confirmation.
Trump is slated to meet with advisers on Wednesday about the Fed pick, Bloomberg reported.
Trump on Tuesday said he would make his decision for a replacement for Kugler this week as he looks to make his imprint on the central bank. No decision should be deemed final until announced by Trump, a White House official said.
Trump also said that he’s weighing whether to fill the seat with a short-term pick or someone he would likely elevate to Fed chair next year: “We’ll either decide on one for permanence or the four-month period — the term. You know, there’s a term of about a number of months,” Trump told reporters at a White House event on Tuesday.
Kugler’s early departure hands Trump a sooner-than-anticipated opportunity to fill the Fed board with a governor who more closely aligns with his preference for lower interest rates.
Among the broader group of 19 policymakers who participate in FOMC meetings, a majority signaled in June that they expect two rate cuts this year, a projection that makes a move in September a strong possibility.
As a reminder, two Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted against the July decision to hold rates steady, the first time two members of the board had dissented since 1993.
“We’re looking at the Fed chair, and that’s down to four people right now,” Trump said Tuesday. “Well, I can tell you because I’ve already said, there’s two Kevins and two other people.”
Interestingly, shortly after 1130ET, the odds of Kevin Warsh becoming The Fed Chair plunged…
…and at the same time, Treasury yioelds spiked across the curve. There was no actual news (headline) catalysts behind either move.
END
this is not good for the uSA: plunging foreign demand for the 10 yr notes
(zerohedge)
Very Ugly, Tailing 10Y Auction Sees Slide In Foreign Demand, Plunge In Bid To Cover
Wednesday, Aug 06, 2025 – 01:22 PM
After yesterday’s dismal 3Y auction, markets were on edge ahead of today’s $42 billion reopening of the 10Y benchmark auction. And they had a good reason to be: the just concluded 10Y auction was not pretty.
Starting at the top, the auction stopped at a high yield of 4.255%, down from 4.362% in July, and the lowest since December. So far so good, however, the yield also tailed the 4.2440% When Issued by 1.1bps, the first tail since February, and follows 6 stop throughs.
The bid to cover dropped bigly, from 2.611 to 2.351, the lowest since August 2024, and clearly well below the six-auction average of 2.58.
The internals were just as lousy, with Indirects sliding to 64.2, down from 65.4 and the lowest since Jan. And with Directs awarded 19.6%, or the lowest since April, Dealers were left holding 16.2%, the highest since August 2024.
Overall, this was a surprisingly ugly auction: with the first tail in 6 months, with very poor buyside demand, with a slide in foreign buyers, with the lowest bid-to-cover in one year, and with a surge in Dealers take down to offset the lack of demand elsewhere. And, as one would expect, yields are now rising to session highs.
VICTOR DAVIS HANSON//
USA NEWS/ANTISEMITISM..
‘Death to the IDF’: American IDF soldier’s family home in St. Louis vandalized, cars torched
“I am outraged. Antisemitic violence has no place in America, not in St. Louis and not anywhere,” Terrell commented.
Graffiti spraypainted at home of American IDF serviceman, St. Louis, Missouri, August 6, 2025.(photo credit: SCREENSHOT/X/VIA SECTION 27A OF THE COPYRIGHT ACT)ByJERUSALEM POST STAFFAUGUST 6, 2025 08:30Updated: AUGUST 6, 2025 14:10
Defense Minister Katz reaffirms support for IDF chief amid criticism from Yair Netanyahu
The Missouri family home of an American IDF lone soldier was graffitied and the family vehicles were torched in a suspected hate crime on Tuesday, Clayton Police Department reported.
Antisemitism is at a record high. We’re keeping our eyes on it >>
Just after 3 a.m., officers discovered that three vehicles had been damaged by a fire, believed to have been intentionally set, and found the driveway had been graffitied with the words ‘death to the IDF.’
No one was harmed, but the incident is being investigated as a hate crime, and the FBI and the St. Louis Regional Bomb and Arson Unit have been requested to assist with the investigation.
In a second statement on Tuesday afternoon, Clayton PD said it has dedicated extensive resources and brought in regional law enforcement partners, as well as the FBI, in order to find those responsible for this “repulsive, offensive and violent act of arson.”
“We will not tolerate harassment, intimidation, or violence based on someone’s nationality, race, religion, or ideology,” the police added.
“I am outraged: antisemitic violence has no place in America, not in St. Louis and not anywhere,” Justice Department chair of the Task Force to Combat Antisemitism, Leo Terrell, said in an X post on Wednesday.
Terrell said he had contacted the family, the FBI, and alerted Attorney General Pam Bondi.
“We will pursue every avenue to bring the perpetrators to justice. If you commit antisemitic hate crimes, you will be caught. And you will be held accountable,” he concluded.
‘Latest example of what happens when antisemitic, anti-Israel rhetoric normalized’
Several Jewish organizations issued a joint statement saying that the attack was “a hateful act of intimidation and only the latest example of what happens when antisemitic and anti-Israel rhetoric are normalized.”
The statement was signed by the American Jewish Committee (AJC) – St. Louis; the Anti-Defamation League (ADL) – Heartland; the Jewish Community Relations Council (JCRC) of St. Louis; the Jewish Federation of St. Louis; the National Council of Jewish Women (NCJW) St. Louis; and the St. Louis Kaplan Feldman Holocaust Museum.
The incident came on the same day as the Federal Bureau of Investigation (FBI) 2024 Hate Crime Report revealed Jews to be the most targeted religious group in the US.
1,938 anti‑Jewish single bias hate crimes against 2,237 victims were recorded in 2024, representing 69 percent of all religiously-motivated incidents in the country.
This was a 2% increase from 2023, where anti-Jewish hate crimes made up 67 percent of the total (or 1,832 incidents).
The Hate Monitor is here to track antisemitism worldwide. Learn more >>
KING NEWS
| The King Report August 6, 2025 Issue 7549 | Independent View of the News |
| July S&P Global US Services PMI 55.7, 55.2 expected and prior July S&P Global US Composite PMI 55.1, 54.6 expected and prior July ISM Services Index 50.1, 51.5, expected, 50.8 prior; Prices Paid 69.9, 66.5 exp, 67.5 prior ESUs traded moderately higher when they opened on Monday night. They then traded in a 19-handle range until they tumbled after the ugly ISM Services Prices Paid for July. ESUs fell to a low of 6315.50 at 10:48 ET, a 62-handle drop from the daily high of 6377.50 at 3:06 ET. The post-European close rebound morphed into a 5-wave rally that took ESUs to 6348.75 to 13:46 ET. Sellers returned; ESUs did an A-B-C decline to 6323.50 at 16:00 ET. @MenthorQpro: The U.S. Treasury is set to auction a record $100B in 4-week T-bills this week highlighting the scale of its borrowing needs and strong investor demand. With deficits growing and longer yields too high, short-term issuance is ramping fast. More big auctions likely ahead. The self-proclaimed “King of Debt” is exacerbating the US debt crisis and paving the road for a US Treasury funding crisis. ‘Borrowing short to lend long’ is a proven path to crisis and insolvency. This occurred in the ‘70s when rates jumped higher. The US is increasing short-term borrowing to fund its short, medium, and long-term obligations. This is a path to a severe crisis. “How did you go bankrupt? Two ways. Gradually, then suddenly.” – Hemingway, The Sun Also Rises @RealEJAntoni: NY Fed: household debt rose $185 billion in Q2 to new record of $18.39 trillion driven mostly by mortgage debt; credit cards were the largest non-mortgage contributor: https://x.com/RealEJAntoni/status/1952752097557930413 Iranian Nuclear Scientists in Clandestine Visit to Russian Atomic Sites, Alarming West https://www.zerohedge.com/geopolitical/iranian-nuclear-scientists-clandestine-visit-russian-scientific-facilities-alarming Positive aspects of previous session The DTJA rallied 170.70 on the possible resumption of the rotation out of Fangs/ Mag7. Negative aspects of previous session Stocks tumbled on an ugly ISM Services Prices Paid for July. (Services have no foreign competition) USUs rallied only modestly on the stock decline. Gold rallied modestly. Ambiguous aspects of previous session Is the summer top in or still in progress? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6311.53 Previous session S&P 500 Index High/Low: 6346.00; 6289.37 DJT official @MarkPaoletta: Chairman Jerome Powell took a hard left turn on climate change after 2020 election to get Biden to re-appoint him to another term as Fed Chairman. In 2021 Biden said Powell “made clear to me: A top priority will be to accelerate the Fed’s efforts to address & mitigate the risks – the risk that climate change poses to our financial system and our economy.” For purely selfish reasons, Jerome Powell’s Federal Reserve embraced the Left’s obsession with “green energy,” which proved catastrophic to our economy, with inflation jumping from 1.4% in January 2021 to 9.1% in June 2022. What’s Behind Jerome Powell’s Woke Turn? Bidenomics. July 20, 2023 Powell hadn’t forgotten his clear understanding of the Fed’s mission to serve as “the central bank of the United States to provide the nation with a safer, more flexible, and more stable monetary and financial system.” He just abandoned it as a condition of remaining in office… https://www.realclearpolicy.com/articles/2023/07/20/whats_behind_jerome_powells_woke_turn_bidenomics_967381.html GOP @RepJamesComer: The House Oversight Committee is compelling the following individuals to appear for depositions through issued subpoenas (for Epstein probe): Former Secretary of State Hillary Clinton: October 9 Former President Bill Clinton: October 14 Former U.S. Attorney General Merrick Garland: October 2 Former FBI Director James Comey: October 7 Former U.S. Attorney General William Barr: August 18 Former U.S. Attorney General Alberto Gonzales: August 26 Former U.S. Attorney General Jeff Sessions: August 28 Former FBI Director Robert Mueller: September 2 Former U.S. Attorney General Loretta Lynch: September 9 Former U.S. Attorney General Eric Holder: September 30 ‘China is happy:’ New memos expose Homeland Security’s concerns about Tim Walz CCP connections – The latest records provide more details about the internal Homeland Security discussions of Walz’s history with China. (Hidden during the 2024 Election!) @hq.dhs.gov> 8/6/2024 1:31 PM: Walt’s got the Vp. You all have no idea how this feeds into what prc has been doing here with him and local gov. It’s seriously a line of the intel. Target someone who is perceived they can get to DC… 8/6/2024 2:27 PM: But this has more of strategic impact then obviously the general public knows https://justthenews.com/government/security/china-happy-new-memos-shed-more-light-agency-concerns-about-tim-walz-ccp Today – We thought that the explosive rally on Monday due to an extremely oversold short-term conditions for equities would last into Tuesday. The session started that way, but a moderately negative ISM Prices Paid for July unleashed spirited selling. This is a negative portend for equities. August is historically a bad month for tech. It appears that the rotation (on value) out of tech and into transportation stocks is operative again. The rotation appeared before earnings reporting season; ended when reporting season began; and appears to be back in vogue. Fed Speakers: Gov Cook and Boston Pres Collins 14:00 ET; SF Pres Daly 16:10 ET ESUs are -2.50; NQUs are -48.50; AU is +5.10; and USUs are -9/32 at 20:30 ET. S&P Index 50-day MA: 6149; 100-day MA: 5864; 150-day MA: 5895; 200-day MA: 5906 DJIA 50-day MA: 43,529; 100-day MA: 42,276; 150-day MA: 42,700; 200-day MA: 42,895 (Green is positive slope; Red is negative slope) S&P 500 Index (6299.17 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5447.29 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5916.35 triggers a sell signal Daily: Trender and MACD are negative – a close above 6434.59 triggers a buy signal Hourly: Trender is negative; MACD is positive – a close above 6335.50 triggers a buy signal @Not_the_Bee: Dem Rep. Al Green (TX) promises Trump “will be impeached again,” says “he has to be brought down.” https://notthebee.com/article/rep-al-green-promises-that-trump-will-be-impeached-again @DOGE__news: Dem Rep. Jasmine Crockett: “Listen, Donald Trump is a piece of sh**, okay? We know that.” (MSM mum) https://x.com/DOGE__news/status/1952531247353282600 The Dem platform is comprised of only Marxism and Trump hate. “Tha, tha, tha, that’s all folks!” Democrats Pledge a Gerrymander War – Jonathan Turley highlights Dem hypocrisy Democrats are struggling to convince the public that they are outraged that there is gerrymandering afoot in Texas. It is no easy task, particularly after Texas Democrats selected Illinois as their sanctuary state, a state considered the most gerrymandered in the country. Trump received 45 percent of the vote in the state, but Republicans have only 14 percent of the congressional seats. Even the New York Times admitted that gerrymandering has favored Democrats across the nation. However, the winner of the Claude Rains award must be Marc Elias, who has expressed disgust over the notion of gerrymandering despite the fact that his group was denounced by courts for outrageous gerrymandering efforts… Republicans constituted roughly 40 percent of the congressional vote in 2024 but received only about 17 percent of the House seats (in CA). Across the country in 17 blue states, the Dems won 56.7 percent of the popular House vote but secured 143 of the 185 House seats — 77.7 percent… Elias is currently looking at a likely demand for testimony in the new grand jury investigation into the Russian conspiracy. He featured prominently in the filings of Special Counsel John Durham. It was Elias who made the key funding available to Fusion GPS, which in turn enlisted Steele to produce his now discredited dossier on Trump and his campaign… With the likes of Marc Elias leading the cause against gerrymandering, the Democrats have reached a level of hypocrisy that knows no equal. https://jonathanturley.org/2025/08/05/democrats-pledge-gerrymander-war/ @DC_Draino: Blue states with ZERO Republican House seats: Massachusetts Rhode Island Vermont New Hampshire Hawaii New Mexico Connecticut Delaware Blue states with ONE Republican House seat: Maryland Oregon Maine Blue states with 2-5 Republican House seats: Colorado Minnesota Illinois Virginia New Jersey After that, you only have California & New York The reason Democrats are screaming for Texas to stop redistricting is because Democrats have almost nothing left to gerrymander. They already rigged the map years ago and hate to see Republicans actually fighting back. @NEWSMAX: Rob Schmitt: “Texas Democrats fled to two of the most gerrymandered Democrat run states in the country as a way of protesting Republican gerrymandering — It is the pinnacle of optic stupidity.“ https://x.com/NEWSMAX/status/1952531247579763016 @BuzzPatterson: It’s time for the ultimate lawsuit going to the Supreme Court. Congressional districts should be drawn strictly on population of CITIZENS alone. No illegals, no racial or socioeconomic carve outs, nothing. Population of citizens, period. @charliekirk11: Democrat Texas State Rep. Jolanda Jones just compared Texas redistricting to the Holocaust: “I will liken this to the Holocaust … how did the Holocaust happen? … well, good people remained silent.”… The ignorance and the melodrama is simply astounding. https://x.com/charliekirk11/status/1952815899733577945 GOP Sen. @TomCottonAR: A Dem trick is to claim they oppose gerrymandering by calling for “independent commissions.” But these commissions are rigged with leftist academics who use preposterous justifications to help Dems. CA’s “independent” map? Only 9 out of 52 Reps are GOP, despite Trump’s ~40%. Decades of immunity from MSM criticism has induced Dems to display their abject hypocrisy by complaining about Congressional District gerrymandering. This is like Al Capone making a national issue about lax law enforcement on organized crime. This issue could end up before the SCOTUS. Dems are in a lose-lose state. If the SCOTUS okays gerrymandering, the GOP can do what Big Blue States have done for decades. Dems have already squeezed most of the juice from the gerrymandering grape. If the SCOTUS prohibits gerrymandering, Dems could lose scores of Congressional Districts. @paulsperry_: An Obama-appointed judge is the real reason Special Counsel Durham couldn’t 100% verify the Soros emails revealing a plan b/t the Clinton campaign & the FBI to frame Trump as a Russian agent. US District Judge Beryl Howell blocked Durham’s prosecutors from seizing the emails. FBI’s squeezing Supervisory Intel Analyst Brian Auten, now on paid suspension, to cooperate in conspiracy probe. Auten, who worked Midyear, Crossfire, FISAs, Hunter laptop, Mar-a-Lago, and ICA, “knows were all the bodies are buried” at the Hoover Building, a source says. Leaked FBI Document Reveals Jeffrey Epstein’s Secret History as an FBI Informant The full memo said: “On 9/11/08, case agent advised writer that Epstein is currently being prosecuted by the State of Florida and is complying with all conditions of his please with the State of Florida. Epstein has also provided information to the FBI as agreed upon. Case agent advised that no federal prosecution will occur in this matter as long as Epstein continues to uphold his agreement with the State of Florida. Case agent also advised that no further forfeiture assistance will be required for this case. Case agent is requested to contact writer in the event this matter moves forward on a federal level.”… https://radaronline.com/p/jeffrey-epstein-fbi-source-leaked-document/ 16th & 17th District Chicago Police Scanner @CPD1617Scanner: If @CWBChicago (with limited resources) are able to report on the presence of Tren de Aragua gang members perpetrating violence in Chicago, why is the “legacy” media (with much greater resources) unable to do the same? (Media protecting and stooging for the ideological brethren.) To the point “legacy media” actually deny the existence of said violence in Chicago. Is it an inability to report this or is it a deliberate attempt to conceal it? https://x.com/CPD1617Scanner/status/1952437209715650874 NYC shootings have plunged to record lows this year, NYPD Commish Jessica Tisch says ‘we are resetting the curve’ https://trib.al/NhGpTFN Trump: “Somebody from @DOGE was very badly hurt last night… a young man who was beat up by a bunch of thugs in D.C. Either they’re going to straighten their act out… or we’re going to have to federalize and run it the way it’s supposed to be run.” https://x.com/RapidResponse47/status/1952840166458195972 @elonmusk: A few days ago, a gang of about a dozen young men tried to assault a woman in her car at night in DC. A @Doge team member saw what was happening, ran to defend her and was severely beaten to the point of concussion, but he saved her. It is time to federalize DC. @realDonaldTrump: Crime in Washington, D.C., is totally out of control. Local “youths” and gang members, some only 14, 15, and 16-years-old, are randomly attacking, mugging, maiming, and shooting innocent Citizens, at the same time knowing that they will be almost immediately released. They are not afraid of Law Enforcement because they know nothing ever happens to them, but it’s going to happen now! The Law in D.C. must be changed to prosecute these “minors” as adults, and lock them up for a long time, starting at age 14. The most recent victim was beaten mercilessly by local thugs. Washington, D.C., must be safe, clean, and beautiful for all Americans and, importantly, for the World to see. If D.C. doesn’t get its act together, and quickly, we will have no choice but to take Federal control of the City, and run this City how it should be run, and put criminals on notice that they’re not going to get away with it anymore. Perhaps it should have been done a long time ago, then this incredible young man, and so many others, would not have had to go through the horrors of Violent Crime. If this continues, I am going to exert my powers, and FEDERALIZE this City… The Future of Blame An enormous amount of what we do in life is a response to what others ask or expect of us; by setting clear, strictly enforced standards of behavior agreed upon by all of society, the law can play an instructive role unmatched by almost any other social institution. It therefore makes sense for the law to hold people accountable even for some actions that are clearly involuntary… A system of laws rooted in the assumption of personal responsibility and accountability helps us define not only bad behavior but also good… https://www.nationalaffairs.com/publications/detail/the-future-of-blame Asst US AG for Civil Rights @AAGDhillon: I’ve been briefed about the reported car bombings in St. Louis and alleged antisemitic vandalism. Our PDAAG @JesusOseteDOJ has been in touch with the US Attorney for EDMo. Our office intends to hold the perpetrators accountable for these violent acts. 90% of UN aid trucks in Gaza were looted by armed militants or hungry Palestinians before reaching their destination: report https://trib.al/pNjBiAG Fox: Senator Adam Schiff is under CRIMINAL investigation by the US Attorney in Maryland for mortgage fraud https://x.com/ElectionWiz/status/1952876848079114744 @nicksortor: SiriusXM has CANCELED The Howard Stern Show after the Trump hater’s ratings PLUMMET At least Stern will have time to tend to his TDS now “After you saw what happened with Stephen Colbert, it’s like they just can’t afford to keep him going,” a SiriusXM insider told The Sun. | |
SWAMP STORIES FOR YOU TONIGHT
Arson Attack Hits ICE Field Office In Washington State Amid Dangerous Rhetoric From Democrats
Tuesday, Aug 05, 2025 – 09:20 PM
Over the weekend, a federal building housing an ICE field office in Yakima, Washington, was firebombed, yet another violent flashpoint amid the Democratic Party’s unrelenting and dangerous anti-ICE rhetoric. Assaults on ICE agents have skyrocketed by 830%, as Democrats and their dark-money billionaire-funded NGO networks shield criminal illegal aliens from deportations.
Homeland Security provided color of what exactly happened:
On Saturday, a cowardly rioter threw a rock through a window of a building that ICE has a sub-office in. Additionally, a small fire was set at the back of the building. Local authorities are investigating this has an act of arson. There have been no injuries reported at this time and the investigation is ongoing. It is unclear if our brave ICE law enforcement were the targets of these violent acts.
From comparisons to the modern-day Nazi gestapo to glorifying rioters, the violent rhetoric of sanctuary politicians is beyond the pale. Our ICE law enforcement is now facing an 830% increase in assaults against them. Secretary Noem has been clear: Anyone who seeks to harm law enforcement officers will be found and prosecuted to the fullest extent of the law.
Democrats are pushing anti-ICE rhetoric.
The attacks…
. END
Lott: Another Armed Civilian Saves The Day
Tuesday, Aug 05, 2025 – 08:05 PM
Authored by John R. Lott Jr. via RealClearPolitics,
Over the last few days, Americans have witnessed two attacks that ended very differently.
A stabbing at a Michigan Walmart on Saturday was stopped by an armed man, a Marine veteran, who went to the shooting range but “forgot to take his pistol off his hip.” The New York Times, Associated Press, Washington Post, NPR, NBC News, BBC, and many others completely ignored the gun used to stop the attack. But an eyewitness described how others who had tried to stop the attacker were stabbed, but it took the Marine with a gun to stop the attack. The attack was stopped several minutes before the first responders were able to arrive. One thought is that this hero might get some coverage in the legacy media simply because he is black and the attacker is white.
This case was far from unusual. Between January 2021 and December 2024, concealed handgun permit holders stopped 37 attacks that police said would have turned into mass public shootings if not for their intervention. But they rarely get national news attention.
Unfortunately, after Monday’s attack in New York City, Democrats drew the wrong conclusion. New York Gov. Kathy Hochul (D) responded by calling for a federal assault weapon ban and blaming the tragedy on the absence of such a law.
Their gun control laws ensure that there won’t be any armed civilians there to save the day. The murderer who killed four people broke numerous gun control laws – he openly carried a rifle that was already illegal to possess or carry in the state. New York State and New York City prohibit open carry of loaded long guns in public and ban so-called assault weapons, such as an ARâ??15 style rifle. Even concealed carry permits do not authorize openly carrying a rifle in public.
Meanwhile, the law-abiding victims were defenseless, disarmed by the city’s strict regulations. There are currently only about 6,000 active concealed handgun permits in a city with almost 7 million adults, so less than 1% of adults. And carrying a permitted concealed handgun is extremely difficult as there is a very long list of places where you are banned from carrying (e.g., public transportation such as subways, any places that serve alcohol, Times Square, government buildings and educational facilities, and public gatherings). The total costs for getting the permit run about $770 (for fees to the New York Police Department and the required course).
The problem is simple: Someone intent on murdering four people won’t be deterred by extra gun control penalties. Even if the killer had survived, he would have already been facing four life sentences, which makes adding a few more years meaningless. For attackers who expect to die during the assault – as most mass public shooters do – those laws carry no weight at all.
But for law-abiding citizens, the consequences are severe. Violating these laws could turn them into felons and upend their entire lives. The laws meant to stop criminals end up disarming the innocent instead.
These murderers take advantage of the laws that ensure they will be the only ones with weapons. Again and again, diaries and manifestos of mass public shooters show a disturbing pattern: They deliberately choose locations where they know their victims can’t fight back due to restrictive gun laws. While it remains unknown whether this particular killer made such a calculation, his actions align with a pattern we’ve seen repeatedly in other cases. It isn’t too surprising that 92% of mass public shootings occur in places where guns are banned.
Two of the four people murdered in the New York City attack were security guards, but people don’t appreciate what an extremely difficult job uniformed police have in stopping these active shooting attacks. “A deputy in uniform has a difficult job in stopping these attacks,” said Sheriff Kurt Hoffman in Sarasota County, Florida. “These terrorists have strategic advantages in determining the time and place of attacks. They can wait for a deputy to leave the area or pick an undefended location. Even when police or deputies are in the right place at the right time, those in uniform who can be readily identified as guards may as well be holding up neon signs saying, ‘Shoot me first.’ My deputies know that we cannot be everywhere.”
In fact, even though civilians stop more of these active shooting attacks, 19 police officers were killed in these attacks versus two civilians with permitted concealed handguns. And surveys of academics who have published peer-reviewed empirical research on firearms show that criminologists and economists strongly support letting people carry concealed handguns in order to stop mass public shootings.
While politicians rush to call for new laws after each tragedy, they often ignore the basic reality that killers intent on murder are attracted to attack in places with strict gun control. Instead, those laws disarm only the potential victims, leaving them vulnerable and defenseless.
John R. Lott Jr. is a contributor to RealClearInvestigations, focusing on voting and gun rights. His articles have appeared in publications such as the Wall Street Journal, New York Times, Los Angeles Times, New York Post, USA Today, and Chicago Tribune. Lott is an economist who has held research and/or teaching positions at the University of Chicago, Yale University, Stanford, UCLA, Wharton, and Rice.
end
Democrats outraged with Texas Gerrymandering? They have been doing this for years
(Turley)
Democrats Pledge A Gerrymander War
Tuesday, Aug 05, 2025 – 07:15 PM
Democrats are struggling to convince the public that they are outraged that there is gerrymandering afoot in Texas.
It is no easy task, particularly after Texas Democrats selected Illinois as their sanctuary state, a state considered the most gerrymandered in the country.
Trump received 45 percent of the vote in the state, but Republicans have only 14 percent of the congressional seats.
Even the New York Times admitted that gerrymandering has favored Democrats across the nation.
However, the winner of the Claude Rains award must be Marc Elias, who has expressed disgust over the notion of gerrymandering despite the fact that his group was denounced by courts for outrageous gerrymandering efforts.
The origin of the term was based on re-districting associated with Elbridge Gerry, a Founding Father, vice president, and governor of Massachusetts. He signed off on a district designed to guarantee a seat for the precursor of today’s Democratic Party. The district resembled a salamander, so the Boston Gazette deemed it the “Gerry-mander.”
That effort pales in comparison to what was done in Illinois to deny Republicans a fair share of congressional seats. This is the Illinois map:
The 13th congressional district stretches from East St. Louis to Springfield, 90 miles away. It then takes a sharp turn east to grab Decatur and Champaign. This monstrosity was approved by Democrats who are now insisting that they will respond to Texas with a gerrymander war, as if they were political pacifists until a few days ago.
Illinois Governor JB Pritzker portrayed his party as the victim of conniving pols and pledged to respond in kind. Yet, it was Pritzker who approved the redistricting that guaranteed that, while Republicans represent almost half of the voters, they will receive less than twenty percent of the congressional seats.
The same is true in California, where Governor Gavin Newsom is also pledging to retaliate despite previously engaging in rampant gerrymandering. Republicans constituted roughly 40 percent of the congressional vote in 2024 but received only about 17 percent of the House seats. Across the country in 17 blue states, the Dems won 56.7 percent of the popular House vote but secured 143 of the 185 House seats — 77.7 percent.
New York has achieved that same enhanced democratic representations despite the fact that Trump received 45 percent of the vote. Republicans are confined to a small handful of districts.
I have long opposed gerrymandering by both parties. However, the claims of disgust and outrage by Democrats border on the comical.
(MSNBC/via YouTube)
That brings us to Marc Elias, who is again trying to raise clients and donations off the outrage.
Elias has not only been sanctioned in past litigation, but past courts have also criticized his group. In Maryland, Elias filed in support of an abusive gerrymandering of the election districts that a court found violated not only Maryland law but the state constitution’s equal protection, free speech and free elections clauses. The court found that the map pushed by Elias “subverts the will of those governed.”
Elias is currently looking at a likely demand for testimony in the new grand jury investigation into the Russian conspiracy. He featured prominently in the filings of Special Counsel John Durham. It was Elias who made the key funding available to Fusion GPS, which in turn enlisted Steele to produce his now discredited dossier on Trump and his campaign.
During the campaign, reporters did ask about the possible connection to the campaign, but Clinton campaign officials denied any involvement. Weeks after the election, journalists discovered that the Clinton campaign hid payments for the Steele dossier as “legal fees” among the $5.6 million paid to Perkins Coie.
New York Times reporter Ken Vogel said at the time that Elias denied involvement in the anti-Trump dossier. When Vogel tried to report the story, he said, Elias “pushed back vigorously, saying ‘You (or your sources) are wrong.’” Times reporter Maggie Haberman declared, “Folks involved in funding this lied about it, and with sanctimony, for a year.”
It was not just reporters who asked the Clinton campaign about its role in the Steele dossier. John Podesta, Clinton’s campaign chairman, was questioned by Congress and categorically denied any contractual agreement with Fusion GPS. Sitting beside him was Elias, who reportedly said nothing to correct the misleading information given to Congress.
With the likes of Marc Elias leading the cause against gerrymandering, the Democrats have reached a level of hypocrisy that knows no equal.
For the public, this growing war should support a movement to put an end to gerrymandering by all parties. Politicians will then have to look to voters, not maps to maintain their power.
This gerrymander war proves the view of Carl von Clausewitz that “war is the continuation of politics by other means.”
END
DOGE Worker “Big Balls” Bloodied After DC Attack; Trump, Musk Call To Federalize DC
by Tyler Durden
Wednesday, Aug 06, 2025 – 08:40 AM
President Donald Trump and Elon Musk have called for the federalization of crime-ridden Washington, D.C., following the brutal attack on 19-year-old Edward Coristine, a former staffer at the Department of Government Efficiency (DOGE) whose LinkedIn handle earned him the nickname ‘Big Balls’.
“I have to say that somebody from DOGE was very badly hurt. A young man who was beaten up by a bunch of thugs in D.C., and either they’re gonna straighten their act out in the terms of government and in terms of protection, or we’re gonna have to federalize and run it the way it’s supposed to be run,” President Trump told reporters Tuesday.
The president also posted a lengthy message on Truth Social about the deteriorating crime situation in the nation’s capital. He said the city is “totally out of control,” adding that kids as young as 14, 15, and 16 are randomly attacking, mugging, maiming, and shooting innocent citizens.
President Trump posted an image of ‘Big Balls’ sitting on the ground, bloodied after the mob attack. He then declared, “If this continues, I am going to exert my powers and FEDERALIZE this city.”
https://x.com/marko_elez/status/1952865310132060353?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E19
Former DOGE employee Marko Elez claimed on X that he snapped the photo of Big Balls after the assault.
Musk also chimed in: “It is time to federalize DC.”
For years, we’ve informed readers that parts of the nation’s capital, and even into Baltimore City, are crime-ridden areas plagued by violent child gangsters. This comes as no surprise, given that far-left Democrats entirely control these metro areas. These far-left leaders are not competent managers, but DEI activists who have done more harm to society than good…
- D.C. Enforces Youth Curfew “To Keep Young People Out Of Trouble”
- Defund Police Backfires: Democrat Congressman Carjacked At Gunpoint In DC As Crime Chaos Spreads
- UPS Driver Carjacked In’ Grand Theft Auto-Style’ Robbery Near DC
- Citywide Youth Curfew Begins In Baltimore As Mayor Strives To Restore Law And Order
It’s time to restore safety in America’s cities, starting with the nation’s capital. For decades, Democrats have masqueraded as competent stewards of these urban areas, but that illusion has collapsed. Their policies have massively failed, and the consequences are undeniable.
The time has come for a serious course correction and to restore these crime-ridden cities that rob the youth of a future. Democrats have failed.
END
“Falsified Bank Documents And Property Records”: Sen. Adam Schiff Under Criminal Investigation For Mortgage Fraud
Wednesday, Aug 06, 2025 – 12:25 PM
How does the old expression go? “When you point one finger at someone, three point back at you?”
Sen. Adam Schiff – best known for dramatizing Trump’s Ukraine call during his first term, misidentifying evidence in texts, overstating “collusion” findings, and defending a FISA memo later found to contain false statements – is under criminal investigation for alleged mortgage fraud, according to a Trump administration source cited by Fox News.
Laura Ingraham revealed the news on “The Ingraham Angle” last night, reporting that the U.S. Attorney’s Office in Maryland is conducting the probe.
The investigation follows a criminal referral from the Federal Housing Finance Agency (FHFA) to the Department of Justice, according to Fox News. FHFA Director William Pulte alleged that Schiff “has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms,” which he said could endanger the stability of the U.S. mortgage system.
According to the FHFA, Schiff and his wife purchased a home in Potomac, Maryland, in 2003, financing it with a $610,000 Fannie Mae-backed loan by declaring it their primary residence. However, Schiff also claimed a condo in Burbank, California, as his primary residence, even receiving a $7,000 California homeowner’s tax exemption.
Fox News writes that in a 2011 affidavit, Schiff certified the Maryland property as his primary residence. The FHFA notes that this designation was reaffirmed in multiple refinancing filings through 2013, despite Schiff serving in Congress representing California.
A 2023 spokesperson said, “Adam’s primary residence is Burbank, California, and will remain so when he wins the Senate seat.” Another comment to CNN explained that both the Maryland and California addresses were listed as primary residences “because they are both occupied throughout the year and to distinguish them from a vacation property.”
FHFA investigators and Fannie Mae’s financial crimes unit concluded Schiff showed “a sustained pattern of possible occupancy misrepresentation” across five loans. Pulte indicated potential violations of federal laws, including wire, mail, and bank fraud.
Schiff’s office did not respond to requests for comment.
END
GREG HUNTER inteerviewing WESTON WARREN
Man has No Control Over Black Star Black Swan – Weston Warren
By Greg Hunter On August 6, 2025 In Market Analysis, Political AnalysisNo Comments
By Greg Hunter’s USAWatchdog.com
Scientist and inventor Weston Warren is back with an update 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 4,000 years. Warren says it will get close to earth but will not hit Earth. Still, this Black Star will cause Earth changing damage. The Black Star throws off electromagnetic power that can affect the iron and nickel molten core of the planet. You can see the effects most recently with the big volcanic eruption in Hawaii in July. There was a volcanic eruption in Russia last week that has not happened there in 600 years. This was called an “historic eruption.” In the same area of Russia last week, there was an 8.8 earthquake. It’s the sixth worst ever recorded. People were bracing for tsunamis around the world, but it was not as bad as it could have been—this time. Warren says, “A real ‘Black Swan’ event is not from an alphabet agency or orchestrated behind the scenes by the bad guys. We know that can happen and has happened. This particular Black Swan event is not going to be controlled by man, science or technology. This is not a DARPA type event or a HAARP event. This is way beyond man’s ability. We are going to have situations where infrastructure is affected, such as ports, sea lanes and aircraft not being able to travel. What happens when you don’t have just six or seven active volcanos, but when you have 60 active volcanos? You might have 30 or 40 active volcanos under the ocean floor. These are dynamics that modern man has not had to deal with. This will crush any government or the world’s economy. There is no fixing this. This will affect industry, supply chains, food, animal and plant behavior. It will affect human behavior psychologically with the electromagnetic signature that our DNA is tuned to. So, we have multiple vectors where humanity will be under great stress. . .. Human consciousness will be affected, and it’s being affected now. It is going to get worse, unfortunately.”
Warren goes on to say, “What is coming to the Earth is not survivable by having Bitcoin, gold, silver, a bunker, storable food, water filtration or air filtration. No, this is way beyond that. A physical remedy is not going to do it. Highest on your priority list is you better get right spiritually.” This means having a relationship with Christ Jesus and His Father Jehovah. Weston says, “This is not normal, especially in the next six years. We are going to see things we have never seen before. . .. This is a doozy, and it doesn’t look like many are going to survive.”
Warren says extreme Earth problems will “intensify and wane,” but the time to really watch for severe problems is around Winter/Spring of 2026 and the same time frame in 2028.
Warren says his group of field theory scientists think the Black Star is being used as a disrupter of the evil transhuman agenda and them wanting to take total control of mankind. This is being orchestrated by demonic forces on Earth and from above. Warren says, “The heavenly realm is going to run interference or have an interruption and say no. We are not going to let your technology and your plan come to fruition. So, an interrupter has entered our solar system, it’s going to create havoc and there is going to be a reset. You are either on one side of this issue or the other. . .. Think, something very sneaky has been going on and planned for a long time. Make sure you don’t fall victim because there is a lot at stake, and the human population has no idea what is going on.”
This is why Jesus has to come back, and Warren says, “He will be using the Black Star to His advantage.”
There is much more in the 69-minute interview.
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, the damage of Biblical proportions it will cause and tell us why it is divinely directed for 8.5.25.
For The Wellness Company “Parasite Cleanse” with Ivermectin and Mebendazole, click here. Don’t forget $90 off (15%) and free shipping with promo code USAWATCHDOG.
After the Interview:
For The Wellness Company “Parasite Cleanse” with Ivermectin and Mebendazole, click here. Don’t forget $90 off (15%) and free shipping with promo code USAWATCHDOG.
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.
SEE YOU TOMORROW
H
harveyorganblog.com 
