099 H DEUTSCHE BANK AG 1695
118 C MACQUARIE FUTURES US 313
167 C MAREX 23
323 C HSBC 300
332 H STANDARD CHARTERED B 1926
363 H WELLS FARGO SECURITI 732
435 H SCOTIA CAPITAL (USA) 721
661 C JP MORGAN SECURITIES 1748
709 C BARCLAYS 183
732 C RBC CAP MARKETS 266
737 C ADVANTAGE FUTURES 64
905 C ADM 1
GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2025: 3,986 CONTRACTs NOTICES FOR 398,600 OZ or 12.398 TONNES
total notices so far: 26,615 contracts for 2,661,500 OR 82.983 tonnes)
SILVER NOTICES:37 NOTICE(S) FILED FOR 185,000 OZ/
total number of notices filed so far this month : 1687 CONTRACTS (NOTICES) for 8.435 million oz
EXCHANGE FOR RISK ISSUANCE FOR SILVER/MAY
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 20.845 MILLION OZ
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 137,000 OZ QUEUE JUMP//NEW STANDING REMAINS AT 8.5000 MILLION OZ
AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 7.228 TONNES + 5.4432 TONNES EX FOR RISK/AUG 7 AND 2.413 TONNES EX FOR RISK AUG. 11 //NEW STANDING ADVANCES TO 86.970 TONNES OF GOLD + 5.4432 TONNES EX FOR RISK + 2.413 TONES EX FOR RISK AUG 11 = 94.826 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STILL A SMALL TO FAIR ISSUANCE FOR THE MONTH
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 72.88 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 FELL BY A HUGE SIZED 1314 CONTRACTS OI TO 156,555 AND FURTHER FROM TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 444 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 370 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 370 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1314 CONTRACTS AND ADD TO THE 444 E.FP. ISSUED
WE OBTAIN A HUGE SIZED LOSS OF 870 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR GAIN IN PRICE OF $0.20 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 2.280 MILLION PAPER OZ
OCCURRED WITH OUR $0.20 GAIN IN PRICE.
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENT
Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
ASIAN MARKETS THIS MONDAY MORNING:
SHANGHAI CLOSED UP 12.42 PTS OR 0.34%
//Hang Seng CLOSED UP 47.99 PTS OR 0.19%
// Nikkei CLOSED HOLIDAY //Australia’s all ordinaries CLOSED UP 0.45%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1823 OFFSHORE CLOSED UP AT 7.1872/ Oil DOWN TO 63.63 dollars per barrel for WTI and BRENT DOWN TO 66.52 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1823 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1872 AGAINST US DOLLAR/ AND THUS STRONGER
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 4466 CONTRACTS TO 467,800 OI WITH OUR GAIN IN PRICE OF $10.00 WITH RESPECT TO FRIDAY’S // TRADING.. WE LOST ZERO NET LONGS, WITH THAT PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (4696 ). WE HAD NO T.A.S. LIQUIDATION //FRIDAY TRADING AS WE HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 13,773 CONTRACTS
SUMMARY: EXCHANGE FOR RISK ISSUANCE IN JULY:
ON 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 WAS RECORDED AT 3.750 TONNES OF GOLD WHICH WAS ADDED TO OUR REGULAR DELIVERY TO GIVE US OUR FINAL TOTALS FOR JULY!
SUMMARY EXCHANGE FOR RISK ISSUANCE IN AUGUST;
EARLY THURSDAY MORNING, AUGUST 7 THE CME ANNOUNCED MUCH TO MY HORROR ITS FIRST EXCHANGE FOR RISK ISSUANCE FOR AUGUST OF A MONSTER 1750 CONTRACTS FOR 175,000 OZ OR (5.4432 TONNES OF GOLD, THIRD HIGHEST ON RECORD!!. WITH ALL THE CHAOS AT THE COMEX IT WAS NO SURPRISE THAT THEY ISSUED THEIR SECOND EXCHANGE FOR RISK TOTALLING 776 CONTRACTS OR 77600 OZ (2.418 TONNES).I WILL PUT MY MONEY THAT THE RECIPIENT OF THIS IS OUR OWN FRBNY. THUS THE TOTAL EXCHANGE FOR RISK FOR THE MONTH IS AUGUST IS 7.8562 TONNES WHICH WILL BE ADDED TO OUR NORMAL DELIVERY TOTALS.
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: 2 ISSUANCES FOR A MONSTER 2,526 CONTRACTS OR 252,600 OZ ( 7.856 TONNES)
AS I EXPLAINED ABOVE,:THE RECPIENT OF EXCHANGE FOR RISK CAN BE EITHER:
- THE BANK OF ENGLAND WHO CONTINUES TO LEASE OUT ITS GOLD TO BULLION BANKS
- THE FEDERAL RESERVE BANK OF NEW YORK (NEED TO RETRIEVE THEIR LEASED GOLD FROM THE BIS)
THE COUNTERPARTY TO EITHER THE BANK OF ENGLAND’S OR THE FRBNY ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED. THE BUYER, REPRESENTING THE CENTRAL BANK OF ENGLAND OR THE FRBNY, ASSUMES THE RISK OF THAT DELIVERY. THIS IS THE 7TH MONTH FOR ISSUANCE OF EXCHANGE FOR RISK !!.(DEC THROUGH AUGUST.)……… THE FACT THAT A CENTRAL BANK TAKES THE RISK OF A DELIVERY IS TOTALLY INSANE.
DETAILS ON AUGUST COMEX MONTH//INITIAL
IN TOTAL WE HAD A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 9162 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% LATELY 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 HOWEVER A FAIR T.A.S ISSUANCE AS THE CME NOTIFIES US THAT THEY HAVE ISSUED A 1,540 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 TWO WEEKS AGO 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 A QUEUE JUMP OF 1.577 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK PRIOR + 2.195 TONNES EX FOR RISK = 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 HUGE QUEUE JUMP OF 7/228 TONNES +7.856 TONNES EX FOR RISK (2 ISSUANCES) //NEW STANDING 94.826 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 235 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 TODAY’S MONSTER QUEUE JUMP OF 7.228 TONNES PLUS AUGUST 7TH,S HUGE 5.443 TONNES EXCHANGE FOR RISK ISSUANCE + TODAY’S HUGE 776 CONTRACT EXCHANGE FOR RISK FOR 2.413 tonnes:/NEW STANDING ADVANCES TO 94.826 TONNES.
EXCHANGE FOR PHYSICAL ISSUANCE
THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG SIZED 4696 EFP CONTRACT WAS ISSUED: : /AUGUST 4696 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4696 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//FRIDAY
- 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 FRIDAY NIGHT/SATURDAY MORNING WAS A FAIR SIZED SIZED 1540 CONTRACTS
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR OTHERWISE LIKE LAST 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 GAIN IN PRICE IN GOLD AND A CORRESPONDING GAIN OF COMEX OI AND A STRONG EXCHANGE FOR PHYSICAL ISSUANCE.. THE COMEX IS IN TOTAL TURMOIL ESPECIALLY WITH JULY’S RARE TWO ISSUANCES OF EXCHANGE FOR RISK (LATE IN JULY) AND THIS WAS FOLLOWED WITH AUGUST’S FIRST TWO ISSUANCES OF EXCHANGE FOR RISK FOR 7.826 TONNES
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 MONSTER QUEUE JUMP OF 10.8775 TONNES TO WHICH WE ADD THURSDAY’S HUGE 5.4432 EXCHANGE FOR RISK AND NOW TODAY’S STRONG 776 CONTRACT ISSUANCE (77600 OZ) FOR 2.413 TONNES//NEW STANDING ADVANCES AS FOLLOWS:
86.970 TONNES NORMAL DELIVERIES (INCLUDES ALL QUEUE JUMPS) +
5.4432 TONNES EXCHANGE FOR RISK/PRIOR/AUGUST 7
2.413 TONNES EXCHANGE FOR RISK AUGUST 11
EQUALS
94.826 TONNES TONNES OF GOLD.
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 $10.00/ /) 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 THIS WEEK.
SATURDAY MORNING//FRIDAY NIGHT
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL FRIDAY EVENING/ SATURDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING WEEKS TO DELIVER
SUMMARY OF NUMBER OF EXCHANGE FOR RISK ISSUANCES: FEB THROUGH AUGUST 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 283,400 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: TWO SO FAR, AUGUST 7 AT 1750 CONTRACTS FOR 175000 OZ (5.443 TONNES OF GOLD) AND TODAY’S ISSUANCE OF 776 CONTRACTS FOR 77600 OZ OR 2.413 TONNES. TOTAL EXCHANGE FOR RISK MONTH OF AUGUST 7.856 TONNES
THUS 86.970 TONNES OF GOLD STANDING (INCLUDING ALL QUEUE JUMPS) + 5.443 TONNES EXCHANGE FOR RISK + TODAY’S 2.413 TONNES = 94.826 TONNES.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
ANALYSIS AUGUST DELIVERY MONTH GOING FROM FIRST DAY NOTICE// AUGUST COMEX CONTRACT
WE HAVE GAINED A STRONG SIZED TOTAL OF 28.49 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 THURSDAY’S RECORD BREAKING QUEUE JUMP OF 10.8775 TONNES OF GOLD AND THEN ADD OUR TWO EXCHANGE FOR RISK FOR 7.856 TONNES FOR RISK//NEW STANDING ADVANCES TO 94.826 TONNES
ALL OF THIS HUGE STANDING FOR AUGUST WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $10.00
WE HAD A HUGE 4611 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 9162 CONTRACTS OR 916,200 0Z (28.49 TONNES)
confirmed volume FRIDAY 414,300 contracts// huge
speculators have left the gold arena
END
INITIAL GOLD COMEX
AUGUST CONTRACT MONTH
AUGUST11 /2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 0 entry . |
| Deposit to the Dealer Inventory in oz | 0 ENTRIES |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 1 ENTRY i) iinto Loomis 32,015.190 oz total deposit: 32,015.190 oz .995 tonnes xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 3986 notice(s) 398,600 OZ 12.395 TONNES |
| No of oz to be served (notices) | 1346 contracts 134,600 OZ 4.186 TONNES |
| Total monthly oz gold served (contracts) so far this month | 26,615 notices 2,661,500 oz 82.983 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
1 ENTRY
i) iinto Loomis 32,015.190 oz
total deposit: 32,015.190 oz
.995 tonnes
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
customer withdrawal
1 entry
Brinks 32,118.950 oz customer acct to dealer:
(999 kilobars)
adjustments: 2 customer to dealer
i) Brinks 120,566.250 oz (3750 kilobars0
ii) JPMorgan 8013.963 oz
AMOUNT OF GOLD STANDING FOR AUGUST
THE FRONT MONTH OF AUGUST STANDS AT 5332 CONTRACTS FOR A GAIN OF 1480 CONTRACTS
WE HAD 844 CONTRACTS SERVED ON FRIDAY SO WE GAINED A MEGA MONSTER SIZED 2324 CONTRACTS OR 232,400 OZ OF GOLD (7.228 TONNES) EXERCISED A QUEUE JUMP AS THEY WERE WILLING TO STAND FOR PHYSICAL METAL ON THIS SIDE OF THE POND.. THIS ALSO REPRESENTS CENTRAL BANKS STANDING FOR PHYSICAL GOLD AND THEIR APPETITE FOR THIS GOLD IS UNABATED!
SEPT GAINED 1480 CONTRACTS TO 5332
OCTOBER LOST 4739 CONTRACTS DOWN TO 65,241
We had 3986 contracts filed for today representing 398,600 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 3986 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1748 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 (26,615 X 100 oz ) to which we add the difference between the open interest for the front month of AUGUST ( 5332 CONTRACTS) minus the number of notices served upon today (3986 x 100 oz per contract) equals 2,796,100 OZ OR 86.970TONNES TO WHICH WE ADD OUR TWO ISSUANCES OF 7.856 TONNES OF EXCHANGE FOR RISK/AUG 7 AND 11 = 94.826 TONNES.
thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (26,615 x 100 oz +we add the difference for front month of AUGUST (5332 OI} minus the number of notices served upon today (3986 x 100 oz) which equals 2,796,100 OZ OR 86.970 TONNES + 7.856 TONNES EX FOR RISK = 94.826 TONNES
TOTAL COMEX GOLD STANDING FOR AUGUST.: 94.826 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: 2,010,548.158 oz 62.536 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 38,584,987.719 oz
TOTAL REGISTERED GOLD 21,407,166.414 or 665.759 tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,177,821.305 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 19,396,618 oz ((REG GOLD- PLEDGED GOLD)= 603.331tonnes // ( a bid drop of 10 tonnes
total inventories in gold declining rapidly
SILVER/COMEX
SILVER/COMEX
THE AUGUST 2025 SILVER CONTRACT//INITIAL
AUGUST 11 2025
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 0 ENTRIES |
| Deposits to the Dealer Inventory | 0 |
| Deposits to the Customer Inventory | 1 DEPOSIT ENTRY/CUSTOMER ACCOUNT i) Into Loomis 50,646.120 oz total deposit 50,646.120 oz |
| No of oz served today (contracts) | 37 CONTRACT(S) (185,000 OZ |
| No of oz to be served (notices) | 64 contracts (0.320 MILLION oz) |
| Total monthly oz silver served (contracts) | 1687 Contracts (8.435 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) i) Into Loomis 50,646.120 oz
total deposit 50,646.120 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
0 ENTRY
ADJUSTMENTs 0
TOTAL REGISTERED SILVER: 190.400 MILLION OZ//.TOTAL REG + ELIGIBLE. 506.441 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY
silver open interest data:
FRONT MONTH OF AUGUST /2025 OI: 50 OPEN INTEREST CONTRACTS FOR A LOSS OF 142 CONTRACTS. WE HAD 179 CONTRACTS SERVED ON FRIDAY SO WE GAINED 37 CONTRACTS OR AN ADDITIONAL 185,000 OZ WILL STAND AS THEY ENTERTAINED A HUGE QUEUE JUMP
SEPTEMBER LOST 6443 CONTRACTS DOWN TO 90,899 CONTRACTS.
OCTOBER GAINED 32 CONTRACTS TO 524
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 179 or NIL oz
CONFIRMED volume; ON FRIDAY 107,430 HUGE//
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 1687 X5,000 oz = 8.435 MILLION oz
to which we add the difference between the open interest for the front month of AUGUST (50) AND the number of notices served upon today (37 )x (5000 oz)
Thus the standings for silver for the AUGUST 2025 contract month: (1687) Notices served so far) x 5000 oz + OI for the front month of AUGUST(50) minus number of notices served upon today (37)x 5000 oz equals silver standing for the AUGUST contract month equating to 8.5000 MILLION OZ .
New total standing: 8.500 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: 210.283/506.441 million. 41.50%
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 11 WITH GOLD DOWN $53.55 TODAY//SMALL CHANGES IN GOLD AT THE GLD A DEPOSIT DEPOSIT OF 0.55 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 959.64 TONNES
AUGUST 8 WITH GOLD UP $10.00 TODAY//HUGE CHANGES IN GOLD AT THE GLD A HUGE DEPOSIT OF 6.30 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 959.09 TONNES
AUGUST 7 WITH GOLD UP $16.10 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.15 TONNES OF GOLD OUT OF THE GLD/://// ///INVENTORY RESTS AT 952.79 TONNES
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: 959.64 TONNES, TONIGHTS TOTAL
SILVER
AUGUST 11 WITH SILVER DOWN $0.56/ HUGE CHANGES AT THE SLV// A WITHDRAWAL OF 3.905 MILLION OZ FORM THE SLV:.////INVENTORY RESTS AT 481.965 MILLION OZ.//
AUGUST 8 WITH SILVER UP $0.20/ NO CHANGES AT THE SLV//:.////INVENTORY RESTS AT 485.870 MILLION OZ.//
AUGUST 7 WITH SILVER UP $0.25/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 2.179 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 485.870 MILLION OZ.//
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 481.965 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/OTHER GOLD RELATED TOPICS
Record-high gold prices push jewelers to offer gilded veneer to prevent sticker shock
Submitted by admin on Sat, 2025-08-09 12:40 Section: Daily Dispatches
By Lisa Fickenscher
New York Post
Friday, August 8, 2025
Jewelers have increasingly been pushing items that aren’t entirely made of gold to prevent sticker shock as the precious metal hovers near record highs, the Post has learned.
Gold prices reached an all-time record $3,500 per troy ounce in April and then see-sawed between $3,000 and $3,200 in response to the uncertainty over tariffs.
They popped again on Friday to about $3,400 amid uncertainty over whether country-specific import tariffs would apply to the most commonly traded sizes of gold bars. …
… For the remainder of the report:
END
Stuart Englert: The verdict is in — gold is money
Submitted by admin on Sun, 2025-08-10 10:36 Section: Daily Dispatches
By Stuart Englert
StuartEnglert.Substack.com
Saturday, August 9, 2025
If gold were judged in an impartial court of law, the jury would find the majestic metal a superior form of money.
Fiat currency advocates would lose the legal battle and debate, and the sound-money defense would rest and win the case with overwhelming documentary proof and supportive testimony.
A growing body of evidence provided by central banks, national governments, and a global banking regulatory body reveals an irrefutable and long-known truth. …
… For the remainder of the analysis:
AI:: LATEST ON SWISS TARIFFS;
WHAT IS THE LATEST ON TRUMP’S TARIFFS ON SWISS GOLD WHAT IS THE NEW CLAIFICATION FOR A NEW EXECUTIVE ORDER IN THE FUTURE?
The latest developments regarding President Trump’s tariffs on Swiss gold involve significant market disruption and a forthcoming executive order aimed at clarifying the policy. Here’s a detailed summary based on recent information:Background on the Tariffs
- Initial Ruling: On July 31, 2025, the U.S. Customs and Border Protection (CBP) issued a ruling (Ruling N351466) in response to a Swiss gold refiner’s request for clarification. The CBP reclassified one-kilogram and 100-ounce gold bars from Switzerland as “semimanufactured” rather than “unwrought” bullion due to finishing processes like stamping and laser-engraving. This reclassification subjected these bars to a 39% tariff under Trump’s reciprocal tariff policy, effective August 7, 2025.
- Market Impact: The ruling caused chaos in the bullion market, with gold futures on the COMEX exchange surging to record highs (around $3,534/oz) and a price differential between New York futures and London spot prices exceeding $100 per ounce. Shipments of gold began to freeze as traders and refiners reacted to the unexpected tariffs, particularly affecting Switzerland, the world’s largest gold refining hub, which supplies a significant portion of U.S. gold imports.
White House Response and Upcoming Executive Order
- Clarification Announcement: On August 8, 2025, the White House announced plans to issue an executive order “in the near future” to address “misinformation” about the tariffing of gold bars and other specialty products. The administration signaled that this order would likely exempt gold bars from the 39% tariffs, reversing the CBP’s ruling. This response was prompted by the market turmoil and the recognition of gold’s unique role as both a commodity and a financial asset, distinct from
- Purpose of the Executive Order: The forthcoming order aims to stabilize the gold market by clarifying that gold bars, particularly one-kilogram and 100-ounce bars from Switzerland, are not subject to the reciprocal tariffs. This is intended to restore confidence in the U.S. futures market and prevent disruptions to global gold supply chains. The White House’s swift action suggests an acknowledgment of the unintended consequences of the CBP ruling, especially given gold’s role in financial markets and central bank reserves.
- Expected Impact: Following the White House’s announcement, gold futures prices fell by approximately $40, and the price spread between New York and London markets collapsed to under $60 per ounce, indicating market relief. Gold mining stocks, such as Newmont and Agnico Eagle, also saw earlier gains erased, reflecting expectations of stabilized supply chains.
Context of the Tariffs
- Reciprocal Tariff Policy: The tariffs stem from Executive Order 14257, issued on April 2, 2025, which declared a national emergency to address large U.S. trade deficits through reciprocal tariffs. Switzerland, a major gold exporter, faced a 39% tariff on various goods, including gold bars, until the
- Swiss Gold’s Importance: Switzerland refines approximately 90% of the world’s mined gold, making it a critical player in the global bullion market. The tariffs threatened to disrupt U.S. access to standardized gold bars used in COMEX futures contracts, raising concerns about market stability.
Broader Implications
- Market Stability: The executive order is expected to reaffirm gold’s special status, preventing further disruptions to the U.S. futures market and global trade flows. Gold’s dual role as a commodity and financial asset makes tariffs on it particularly disruptive, as seen in the rapid market reaction.
- Trade Policy Challenges: The incident highlights the complexities of Trump’s tariff policies, which can have unintended consequences for specialized markets. The White House’s quick response suggests a balancing act between trade policy goals and maintaining financial market stability.
- Swiss Response: The Swiss Federal Council held an emergency meeting on August 7, 2025, to address the tariffs, indicating the issue’s significance for Switzerland’s economy. However, specific
Clarification DetailsWhile the exact text of the executive order is not yet public, it is expected to:
- Explicitly exempt one-kilogram and 100-ounce gold bars from the 39% tariffs.
- Address the CBP’s reclassification, likely restoring the “unwrought” status for these bars to ensure tariff-free imports.
- Cover “other specialty products,” suggesting a broader review of tariff applications to prevent similar
Note: The information is based on reports from August 8-9, 2025, and the executive order’s final details may introduce additional nuances. Always verify with primary sources, such as whitehouse.gov, for the official text once released.
END
AI RESPONSE SUNDAY
The White House has addressed the misinformation regarding a 39% tariff on Swiss gold imports, specifically one-kilogram and 100-ounce gold bars, which caused significant market disruption on August 8, 2025. The confusion stemmed from a U.S. Customs and Border Protection (CBP) ruling on July 31, 2025, which suggested these gold bars were subject to tariffs under a specific customs code, contrary to the industry’s expectation of exemption. This led to a surge in gold futures prices to a record $3,534.10 per ounce before a partial correction to $3,461.40 after clarification efforts began.
White House Response and Correction Plan: The Trump administration has announced plans to issue an executive order in the near future to clarify that gold bars are exempt from these tariffs. A White House official, speaking anonymously, stated that the executive order would address “misinformation” about the tariffing of gold and other specialty products. This clarification aims to stabilize the global bullion market, which saw significant volatility due to the initial ruling. The executive order is expected to formally exempt gold bars, recognizing their unique role as a financial asset and global currency, distinct from industrial metals like copper or steel.
Impact on Friday’s Trades: There is no indication from available information that trades executed on Friday, August 8, 2025, will be canceled. The market reaction to the initial tariff ruling caused gold futures to spike and some shipments to freeze, but the White House’s swift response and the promise of an executive order led to a partial stabilization of prices by the end of the day. Posts on X and reports suggest that the market is awaiting the formal executive order for full clarity, but no official action has been proposed to retroactively cancel or reverse trades made during the period of uncertainty.
Additional Context: The Swiss Association of Manufacturers and Traders in Precious Metals expressed concerns that the tariff would make gold exports to the U.S. economically unviable, highlighting Switzerland’s role as a major gold refining hub. The White House’s response appears to acknowledge gold’s special status, aiming to prevent further disruption to the U.S. futures market and global supply chains. The clarification is expected to restore confidence and resume normal gold shipments.
In summary, the White House plans to correct the misrepresentation through an executive order exempting gold bars from tariffs, with no evidence suggesting the cancellation of Friday’s trades. The market is likely to stabilize further once the order is issued, though participants remain cautious until the formal details are released.
END
Gold Basis Dramatically Reverses As Market Awaits Bullion Tariff ‘Clarification’
Monday, Aug 11, 2025 – 03:35 PM
The gold basis is back to where it was after spiking higher in the wake of mooted tariffs on US gold imports, since a subsequent clarification from the White House suggesting there would not be tariffs after all.
As we detailed here, the basis – gold futures expiring in December 2025 versus the spot gold price – blew out last week after it was reported the US would tariff the import on one kilogram and 100-ounce bars.
As Bloomberg macro strategist, Simon White, explains, the tariff meant a scramble for the shorts in gold futures to find deliverable bullion to the longs, creating a short squeeze in the futures contracts.
As a result futures prices jumped much higher than the spot price for gold set out of London.
But late on Friday the White House reportedly suggested that the policy would be “clarified”, with that being interpreted as gold would not be tariffed.
The basis is now back below $55, only a smidgen higher than where it was before the tariff story broke, and considerably lower than the over $120 it peaked at on Friday.
Nonetheless, the backdrop for gold remains constructive due to tariffs overall, rebuilding inflation pressures and reserve diversification.
Meanwhile, we await the ‘clarification’…
END
3. CHRIS POWELL AND GATA GOLDSILVER DISPATCHES
A global market based on gold bars shudders on tariff threat
Submitted by admin on Sat, 2025-08-09 10:39 Section: Daily Dispatches
By Mark Burton, Jack Ryan, and Yvonne Yue Li
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, August 9, 2025
The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment’s notice in pursuit of the highest prices. On Friday, a shock US ruling suggesting that the metal would be subject to tariffs plunged that system into chaos.
The apparent decision by the U.S. Customs and Border Protection agency — announced privately in a letter to a Swiss refiner on July 31 and made public Friday — sent gold futures in New York soaring to a record, as insiders warned that the tariffs would have dire consequences for the market.
Then, just as quickly, prices tumbled after the Trump administration suggested imports of gold bars wouldn’t face tariffs after all.
It was the latest example of President Donald Trump’s trade war triggering wild gyrations in markets, for equities, raw materials, and finished products alike.
Gold bullion is typically treated more as a financial instrument than a physical product, and slapping tariffs on it would have such profound consequences that many traders argued Friday the ruling had to be a mistake.
“The problem was that the government didn’t look outside of the question of the physical format and did not take into consideration that this widget was actually gold,” said Robert Gottlieb, a former precious metals trader and managing director at JPMorgan Chase & Co. …
… For the remainder of the report:
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS 235
5. COMMODITY REPORT..LITHIUM
Lithium Futures Soar After CATL Shuts Mega Mine, In-Line With Beijing’s “Anti-Involution” Campaign
Monday, Aug 11, 2025 – 12:20 PM
Chinese lithium stocks surged overnight after Contemporary Amperex Technology Co. (CATL), the world’s largest battery maker, suspended production at its Jianxiawo mine in China’s Yichun lithium hub. The move triggered a limit-up move in lithium carbonate futures and fueled speculation that Beijing may suspend other projects as it addresses the deflationary pressures of overcapacity across the economy.
China’s anti-involution campaign to curb overcapacity – most particularly in the lithium market – has led to the temporary closure of CATL’s Jianxiawo mine, which accounts for about 6% of global output. The move comes as the battery market remains heavily pressured in a glut amid softening demand for electric vehicles and President Trump’s push to roll back green incentives in favor of common-sense energy policies.
Here’s the equity market impact:
- Tianqi Lithium +19% (Hong Kong),
- Ganfeng Lithium +21%,
- Australian miners +14 to 25%.
Lithium carbonate futures on the Guangzhou Futures Exchange hit the 8% daily limit at 75,500/ton yuan. Contract prices are 87% lower than the 600,000 yuan peak in late 2022.
Sources close with Bloomberg say operations at the Jianxiawo mine could be shuttered for at least three months. This is part of Beijing’s anti-involution campaign targeting oversupply across sectors from batteries to steel.
“I think it will mean the lithium price in the near term has very big upside,” Bank of America analyst Matty Zhao told Bloomberg in a television interview earlier.
Citigroup analysts told clients that this mine closure is “part of the government’s anti-involution initiative,” adding that it “should help China to re-price its strategic resource in the long-run, and the government can ensure lithium is mined and extracted in a proper and compliant way.”
Comments from Goldman analyst James McGeoch to clients indicate the anti-involution will be a slow-burn policy that will quietly tighten capacity in aluminum, coal, steel, lithium, EVs, etc., with its impact only materializing in about 12 months.
Here’s more from McGeoch:
Talking to trading – limit up today, most likely is same again tomorrow, feels different to 2024 (that was on back of lower prices and having a output target), this is a forced shutdown from local govt, seen as anti-involution driven. Risk of lateral damage to other mines is real …just adding to a mkt that has been normalising. The ask is do we create a deficit mkt in 2026? The 3months that CATL has indicated is unclear if the govt is also thinking 3m? What is required to restart (Permit expired, seeking renewal)….Todays trading, Limit up, CME is a really wide mkt (bids +5-6% however nothing really trading).. On Friday there was a large spodumene print (+8% or $60, at $825t fastmarkets reported, however no trades visible), today Spodumene printed +$100 to $925t, it had gone up thought the noise on prodn adjustments, then rolled down, we had thought the mkt fades it, however the price action on Friday suggested that view was changing and here we are… Today lithium onshore is RMB81k/t (lithium carbonate), limit up is +8%, feels like 100kt is the resistance level…if I can point to a comp it would be Coking Coal, it went up on noise of curtailments, haven’t seen the curtailments (weather and other factors have impacted supply nonetheless) and its stayed up. So even if there is no follow through, there is enough smoke to keep the mkt looking for the fire…. ALB US looking +c.12% having been +7% on Friday, the SI had almost halved coming into this, id call it a post Anti-Involution adjustment. There has been noise of prodn adjustments around, confirmation of does make it different. …its a dirty comparison but look at the likes of AMR/BTU/HCC. I also hold a view that Anti-Involution is real, you wont get a big headline, rather you have an initiative that will just chug along, we will look back in 12months time and the numbers will attest to the intent – Ali, Coal, Steel, Lithium, EV etc.
END
ASIAN MARKETS THIS MONDAY MORNING:
SHANGHAI CLOSED UP 12.42 PTS OR 0.34%
//Hang Seng CLOSED UP 47.99 PTS OR 0.19%
// Nikkei CLOSED HOLIDAY //Australia’s all ordinaries CLOSED UP 0.45%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1823 OFFSHORE CLOSED UP AT 7.1872/ Oil DOWN TO 63.63 dollars per barrel for WTI and BRENT DOWN TO 66.52 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1823 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1872 AGAINST US DOLLAR/ AND THUS STRONGER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP TO 7.1823 (CHINESE COMMUNIST PARTY MANIPULATED)
OFFSHORE YUAN: UP TO 7.1872
HANG SENG CLOSED UP 47.99 PTS OR 0.19%
2. Nikkei closed HOLIDAY
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX DOWN TO 98.11/ EURO RISES TO 1.1643 UP 3 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +1.490//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.59…… 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 UP CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.6821/Italian 10 Yr bond yield DOWN to 3.5000 SPAIN 10 YR BOND YIELD DOWN TO 3.249%
3i Greek 10 year bond yield DOWN TO 3.361
3j Gold at $3358.70.00 Silver at: 37.92 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 29 /100 roubles/dollar; ROUBLE AT 79.71
3m oil (WTI) into the 63 dollar handle for WTI and 66 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 147.59// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.490% 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 0.8093 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9423 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: 4.258 DOWN 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.824 DOWN 3 BASIS PTS/
USA 2 YR BOND YIELD: 3.750 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 40.71
10 YR UK BOND YIELD: 4.5650 DOWN 4 PTS
10 YR CANADA BOND YIELD: 3.384 DOWN 2 BASIS PTS
5 YR CANADA BOND YIELD: 2.924 DOWN 2 PTS
2a New York OPENING REPORT
Futures Rise Despite US Government Shakedown Of Nvidia, AMD
Monday, Aug 11, 2025 – 08:26 AM
US equity futures are up small with Russell/small caps outperforming, and yields dip at the start of a data-heavy week that will be pivotal for the Fed’s rate cuts later this year. As of 8:00am ET, S&P 500 contracts rose 0.2% after the index ended Friday just shy of a record high; Nasdaq futures were flat. In premarket trading, AMD fell 2.3% and NVDA was 1% lower after the chipmakers agreed to remit to the US government 15% of their revenue from AI chip sales to China in exchange for export licenses. Bond yields are lower as the curve flattens and the USD rises. Cmdtys are lower with Energy/Metals weaker but Ags stronger. Meanwhile, Trump asked China to increase soybeans purchases 4x ahead of tomorrow’s trade deadline although Lutnick last week said another extension is likely. Geopolitics is also in focus with a larger impact on EMEA and the Trump/Putin summit this Friday. Bitcoin rises back to $122K and Ethereum surge to $4350 overnight, hitting the highest since 2021. There are no major macro data prints today but market will focus on CPI on Tuesday.
In premarket trading, Mag7 stocks are mixed: Tesla +1.2%, Microsoft +0.3%, Amazon +0.2%, Apple -0.5%, Meta +0.06%, Alphabet -0.2%, Nvidia -0.6%. Here are some other notable premarket movers:
- Cryptocurrency-exposed stocks rally as Bitcoin extended gains to rise to within striking distance of an all-time high. Coinbase (COIN) +3%, MARA Holdings (MARA) +3%, Riot Platforms (RIOT) +3%
- Lithium stocks rally after operations were halted at a major Chinese mine, spurring speculation that Beijing might move to suspend other projects to tackle overcapacity. Albemarle (ALB) +12%, SQM ADRs (SQM) +7.7%, Lithium Americas (LAC) +9%
- Biotech stocks fall after news that ousted US Food and Drug Administration vaccine regulator Vinay Prasad is set to return to the agency. Capricor Therapeutics (CAPR) -11%, Sarepta Therapeutics (SRPT) -4% and Replimune (REPL) -6%
- Aaon (AAON) drops 18% after the air-conditioning equipment firm reported earnings per share for the second quarter that missed the average analyst estimate.
- Aveanna Healthcare (AVAH) rises 4% after Raymond James upgraded the stock to outperform following the health-care services company’s 2Q results that were well above company guidance and consensus forecasts.
- Barrick Mining (B) falls 3% after the miner reported second-quarter gold production and sales volumes that missed the average analyst estimate.
- Monday.com (MNDY) tumbles 18% after the software company reported its second-quarter results.
- Rumble (RUM) jumps 15% as the online video network platform announces its intent to buy AI firm Northern Data. Meanwhile, shares in Northern Data AG sink as much as 29%.
- Sapiens (SPNS) rises 20% after Calcalist reported that Formula Systems is in advanced talks to sell control of the software company at a valuation of about $2 billion.
After last week’s Big Tech rally took the Nasdaq 100 to fresh highs, prospects for further gains rest with an inflation reading that may help persuade the Fed to cut interest rates and hopes for US-Russia talks over the war in Ukraine. Tomorrow’s release of July inflation data will give traders a chance to assess the impact of tariffs on consumer prices amid growing signs of a cooling labor market. Swaps are currently pricing in an 80% probability of a quarter-point rate cut in September, with core inflation expected to have risen 0.3% in July from June. “That is a number that can probably be seen as acceptable for the Federal Reserve to proceed with a September cut,” noted ING Groep NV currency strategists.
Ironically, this means the Fed will cut when a record number of investors think US stocks are too expensive, according to the latest Bank of America Fund Managers survey. About 91% of participants indicated that American stocks are overvalued, the highest-ever proportion in data going back to 2001. While investor allocation to global equities climbed to the highest since February, a net 16% were still underweight the US, the poll showed.
Among other economic data in the coming week, a Fed report is likely to show stagnant factory output as manufacturers contend with evolving tariff policy. Friday’s July retail figures are expected to show a solid gain as incentives helped fuel vehicle purchases and Amazon’s Prime Day sale drew in online shoppers.
European stocks surrendered early gains as traders dialed back optimism that a meeting between US President Trump and Russian President Putin raises the likelihood of ending the war in Ukraine. The Stoxx 600 is flat as gains in health care and telecommunication shares are offset by losses in industrial and travel. Wind power firm Orsted A/S fell as much as 29% in Denmark on the back of a $9.4 billion rights issue announcement. Here are the biggest movers Monday:
- Orsted falls as much as 29% in its biggest-ever drop, taking the stock below its 2016 IPO price, after the Danish wind-power firm announced plans for a DKK60 billion ($9.4 billion) rights issue alongside its second-quarter report
- European defense stocks are significantly underperforming on Monday morning, with markets looking to US President Donald Trump’s efforts to broker an agreement to end the war in Ukraine
- Oxford Nanopore drops as much as 3.8%, underperforming the FTSE 250 Index, after the British DNA-sequencing firm said Gordon Sanghera has notified the board of his intention to step down as CEO by the end of 2026
- Plus500 shares fall as much as 6.5%, the most since April, after the London-listed trading platform reported first-half results. Peel Hunt cuts rating to hold from buy, saying the shares may pause
- Northern Data shares fall as much as 29% after US firm Rumble announced plans to buy the company; as of Friday’s close, Northern Data shares had fallen 48%
- Recordati rallies as much as 4.4% on Monday after Jefferies upgrades to buy, saying the shares had seen a “disproportionate” decline since the Italian pharmaceutical company’s latest results
- Novartis shares rise as much as 2.5% after the Swiss drugmaker said late-stage clinical trials for its experimental medicine ianalumab met the primary endpoint in patients with Sjögren’s disease, a chronic autoimmune disorder
- Chesnara rises as much as 3.4% to hit their highest level in over five years. Analysts at Peel Hunt upgraded the life insurer to buy in wake of the “transformational deal” to buy HSBC’s life insurance business in the UK
Earlier in the session, Asian equities edged higher amid expectations geopolitical tensions may relax, ahead of a meeting between US and Russian leaders. Shares gained in China. The MSCI AC Asia Pacific Excluding Japan Index rose as much as 0.4%, with SK Hynix and Alibaba among the top contributors. Lithium stocks jumped after a suspension at Contemporary Amperex Technology Co.’s mine eased oversupply concerns. Key gauges advanced in Indonesia and mainland China. Markets were closed in Japan and Thailand for a holiday. Some chip stocks in the region declined after Nvidia and AMD agreed to pay 15% of their revenues from China to the US government as part of a deal with the Trump administration to secure export licenses. Analysts said the move is mostly priced in.
“Asian markets are set to remain on high alert ahead of an eventful — and potentially historic — week that could force investors to reassess risk exposure,” said Hebe Chen, an analyst at Vantage Markets in Sydney. Additionally, any breakthrough in US–China tariff truce “would likely fuel further gains in Asian equities and commodities, while a breakdown could unleash a wave of disappointment and sharp risk-off flows across the region,” Chen said.
In FX, the Bloomberg Dollar Spot Index is flat. The Norwegian krone outperforms its G-10 peers, rising 0.4% against the greenback after CPI topped estimates.
In rates, the yield on 10-year Treasuries slipped two basis points to 4.27%, supported by wider gains in gilts which fell 4bps stoked by UK wage-growth data, and edging toward a three-month low of 4.18% touched last week. The dollar was little changed. US yields are 1bp-2bp richer across tenors with curve spreads little changed; 10-year is near 4.265%, trailing UK’s by 1.5bp while Germany’s lags by ~2bp. Monday’s US session has no calendar events, but weekly slate includes July CPI and PPI reports that could influence pricing for Federal Reserve interest-rate cuts later this year.
In commodities, gold futures in New York declined as traders awaited clarification from the White House over its tariff policy. Lithium prices and stocks spiked after battery giant Contemporary Amperex Technology (CATL) halted operations at a major mine in China. Brent crude futures fall 0.1% to $66.50 a barrel. Spot gold falls $40. Bitcoin rises 2.5% toward a record.
Meanwhile, Bitcoin approached an all-time high, supported by strong demand from institutional investors and corporate buyers, which are helping to lift the entire cryptocurrency market.
Looking ahead, there is no US economic data or Fed speakers are scheduled for Monday. Ahead this week are CPI, PPI, retail sales, Empire manufacturing, industrial production and University of Michigan sentiment, and appearances by Fed’s Barkin, Schmid, Goolsbee and Bostic
Market Snapshot
- S&P 500 mini little changed
- Nasdaq 100 mini little changed
- Russell 2000 mini +0.4%
- Stoxx Europe 600 little changed
- DAX -0.3%, CAC 40 -0.3%
- 10-year Treasury yield -3 basis points at 4.26%
- VIX +0.8 points at 15.96
- Bloomberg Dollar Index little changed at 1204.81
- euro little changed at $1.1643
- WTI crude -0.1% at $63.81/barrel
Top Overnight News
- Ukraine’s President Volodymyr Zelenskiy said Kyiv won’t cede territory to end the war with Russia, though NATO Secretary General Mark Rutte said this week’s US-Russia summit may open the door to talks on Ukrainian land. BBG
- Bessent says tariffs could be dialed back if trade deficit conditions improve between the US and its economic partners (he thinks all ongoing trade negotiations will be concluded by Oct). Nikkei
- Trump is expected to activate hundreds of National Guard troops for Washington DC, while a final number and what role they could play are still being decided, according to Reuters citing a US official.
- Trump’s administration is considering reclassification of marijuana as a less dangerous category of drug: WSJ.
- Nvidia and AMD will pay 15% of their China AI chip revenues to the US in exchange for export licenses, a person familiar said. Shares of both companies fell premarket. The FT said the US started approving China sales of Nvidia’s H20 chip. BBG
- Trump has called on China to quadruple its imports of American soybeans to reduce its trade surplus with the US, a day before a crucial truce between the 2 countries is due to expire. FT
- American companies are repurchasing their shares at a record pace, boosting their balance sheets and fueling the U.S. stock rally. U.S. companies have announced $983.6 billion worth of stock buybacks so far this year, the best start to a year on record. They are projected to purchase more than $1.1 trillion worth overall in 2025, which would mark an all-time high. WSJ
- From McDonald’s and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi’s supporters stoke anti-American sentiment to protest against U.S. tariffs. BBG
- China wants the US to ease export controls on a critical component of AI chips (HBM chips) as part of a trade deal ahead of a possible summit between Trump and Xi. FT
- Lithium prices and stocks spiked after CATL halted operations at a major mine in China’s Jiangxi province. The mine accounts for some 6% of global output. BBG
- A record share of fund managers see US stocks as too expensive after the sharp rally since April lows, according to a monthly survey. About 91% of participants indicated that American stocks are overvalued, the highest ever proportion in data going back to 2001. While investor allocation to global equities climbed to the highest since February, a net 16% were still underweight the US, the poll showed. BBG
- Fed’s Bowman (voter) said core PCE inflation appears to be moving much closer to the 2% target than is shown in the data and it is appropriate to look through temporarily elevated inflation, while she added that upside risks to inflation have diminished and she has more confidence that tariffs won’t mean persistent inflation. Furthermore, Bowman said delayed action risks further labor market erosion and the need for a possible bigger cut, as well as noted that the latest job market data reinforces her forecast for three rate cuts this year.
Trade/Tariffs
- US President Trump posted “China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s Trade Deficit with the USA. Rapid service will be provided. Thank you President XI.”
- US Treasury Secretary Bessent expects trade issues to be finished by October, according to Nikkei.
- US licensed NVIDIA (NVDA) to export chips to China after CEO Huang met with US President Trump, while it was also reported that NVIDIA and AMD (AMD) will pay 15% of China chip revenues to the US government, according to FT.
- China wants the US to relax export controls on chips as part of a trade deal, according to FT.
- Mexico’s government said it fixed minimum prices for exports of fresh tomatoes following the end of an antidumping investigation suspension agreement with the US, while it noted that the decision protects producers, prevents market distortions and ensures national supply.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were mostly in the green but with gains limited and price action contained in the absence of notable catalysts from over the weekend and with Japanese markets closed for a holiday. ASX 200 notched a fresh intraday record high with lithium miners boosted after CATL temporarily suspended operations at the Jianxiawo lithium mine in China. Hang Seng and Shanghai Comp kept afloat following reports that the US licenced NVIDIA to export chips to China, with the Co. and AMD to pay 15% of China chip revenue to the US government, although gains were capped as participants continued to await an extension to the US-China tariff truce deadline which expires on Tuesday, while inflation data from China was mixed as CPI topped estimates to print flat Y/Y but coincided with a deeper-than-expected deflation in factory gate prices.
Top Asian News
- Chinese Industry Association said July vehicle sales +14.7% Y/Y (vs +13.8% in June); January-July vehicle sales +12% Y/Y (prev. +4.4% in January-July 2024). New energy vehicle (NEV) sales +27.4% Y/Y in July. January-July NEV sales +38.5% Y/Y
European bourses began the session on the front foot, attempting to add to a two-day win streak, though early morning gains pared amid pressure in the risk tone alongside the opening of the US Premarket: NVIDIA (-1.4%), AMD (-2.7%), after reports that they will pay 15% of China chip revenues to the US government, according to FT. European sectors opened almost entirely in the green, though in line with the broader risk tone, have since turned more negative. Healthcare outperforms after Novartis (+2.2%) said both Ianalumab Phase III clinical trials met primary endpoints. Utilities lags, dragged down by Orsted (-27%) after a DKK 60bln rights issue.
Top European News
- European defense stocks are significantly underperforming on Monday morning, with markets looking to US President Donald Trump’s efforts to broker an agreement to end the war in Ukraine
- Orsted falls as much as 29% in its biggest-ever drop, taking the stock below its 2016 IPO price, after the Danish wind-power firm announced plans for a DKK60 billion ($9.4 billion) rights issue alongside its second-quarter report
- Oxford Nanopore drops as much as 3.8%, underperforming the FTSE 250 Index, after the British DNA-sequencing firm said Gordon Sanghera has notified the board of his intention to step down as CEO by the end of 2026
FX
- USD is relatively flat intraday during the European morning after kicking off APAC the week, marginally softer in APAC trade with little fresh major macro catalysts from over the weekend, and as participants look ahead to US CPI data due on Tuesday. In terms of Fed speak, there were comments from Fed’s Bowman over the weekend who warned that delayed action risks further labour market erosion and the need for a possible bigger cut, as well as noted that the latest job market data reinforces her forecast for three rate cuts this year. Several Fed speakers are scattered throughout the week after Tuesday’s US CPI data. Aside from US data and Fed speak this week, attention will also be on the Trump-Putin summit on Friday, which has the intention of ending the war between Russia and Ukraine. DXY is currently confined to a narrow 98.03-98.27 range, still within Friday’s 97.95-98.35 parameter.
- EUR/USD mildly strengthened but with price action contained within Friday’s parameters amid quiet newsflow from the bloc, albeit potentially underpinned by the Russia-US meeting on efforts to end the war in Ukraine. EUR/USD resides in a 1.1635-1.1675 range, within Friday’s 1.1628-1.1679 range.
- JPY was initially modestly firmer in choppy trade despite a relatively flat Dollar in a move that coincided with a rise in US Treasuries. This comes after JPY lacks demand overnight amid the absence of Japanese participants due to the Mountain Day holiday closure. USD/JPY resides in a 147.33-147.79 range with Friday’s range between 146.71-147.90, and with the 21 DMA also at 147.90 today.
- GBP remains afloat and takes a breather around last week’s best levels, albeit with trade muted alongside a quiet calendar for today, which is set to pick up on Tuesday, including with the release of the latest UK employment data.
- Antipodeans struggled for direction in APAC trade owing to a lack of drivers overnight, and with the RBA kick-starting its 2-day policy meeting, which is unanimously expected to result in a 25bps cut.
- RBI has reportedly sold at least USD 5bln to boost FX in a bid to prop up the INR after it weakened to a record low, according to Bloomberg.
Fixed Income
- UST futures are trading higher by just under 5 ticks in very quiet newsflow and after a lacklustre session overnight, given JGB cash trade was shut as Japan enjoyed its Mountain Day holiday. Price action this morning has only really been upwards, alongside global peers. Nothing quite behind the upside, but potentially amid a deterioration in the risk tone (stocks moving lower & JPY bid). Upside in fixed income could be explained by: a) latest dovish commentary from Fed’s Bowman, b) Russia-US meeting, c) trade updates (and lack of US-China updates). Currently trading towards the upper end of a 111-25+ to 112-00 range; the peak for the day is just shy of last Friday’s best at 112-02 – further upside could see the potential test of the high from a day earlier at 112-04+.
- Bunds are currently firmer but have waned off best levels in recent trade, in a 129.67 to 130.00 range. As above, nothing behind the upside today, but in line with the risk tone. For Europe specifically, the move could also be explained by less demand for defence-related spending, should a Russia-Ukraine deal be struck on Friday.
- Gilts are also firmer, and are outperforming vs peers. Nothing quite behind the marginal outperformance, particularly in the context of slow UK-specific newsflow. UK paper is currently trading towards the upper end of a 92.00 to 92.37 range; this has breached last Friday’s high at 92.31, with the next level to the upside at 92.66 (8th Aug high).
Commodities
- Crude futures were initially pressured as focus was on the US-Russia meeting, but is now flat. Initial pressure due to some geopolitical risk premia unwinds ahead of the Trump-Putin meeting scheduled for this coming Friday, with no sanctions imposed against Russia after Trump’s deadline passed last Friday. US President Trump said he will meet with Russian President Putin on August 15th in Alaska, while Russia’s Kremlin confirmed an agreement was reached to organise a meeting between Russian President Putin and US President Trump. The White House is reportedly considering inviting Ukrainian President Zelensky to the Alaska summit, and President Trump is open to a trilateral meeting in Alaska, although the White House is currently planning for a bilateral summit as requested by Russian President Putin. WTI currently resides in a 63.02-63.91/bbl range while Brent sits in a USD 65.81-66.66/bbl range.
- Spot gold pulled back after the choppy performance on Friday, and with resistance around the USD 3,400/oz level. The yellow metal may also be experiencing a geopolitical risk unwind ahead of the Trump-Putin summit in Alaska this coming Friday. Price action this morning has seen the yellow metal slide from a USD 3,401.40/oz peak to a current low at USD 3,358.80/oz, with the 50 DMA seen at USD 3,349.80/oz.
- Copper futures traded indecisively overnight in the absence of major catalysts and after mixed inflation data from its largest buyer, China. Thereafter, the base metals complex tilted mostly lower shortly after the European open as risk waned further.
- Iraq set September Basrah medium crude official selling price to Asia at plus USD 2.15/bbl vs Oman/Dubai average and to Europe at minus USD 1.30/bbl vs Dated Brent, while it set the OSP to North and South America at minus USD 1.00/bbl vs ASCI, according to SOMO.
- Chile’s Codelco said the El Teniente copper mine was approved for a restart by the labour authority and it later announced that it restarted sectors of the El Teniente mine, plant and smelter.
- Contemporary Amperex Technology (300750 CH) suspended production at a major lithium mine in China’s Jiangxi province for at least three months, according to sources familiar with the matter.
- China’s Baosteel (600019 CH) said it is to lift hot and cold rolled coil prices for September delivery by USD 200/metric ton and USD 300/metric ton respectively.
- Saudi Crude supply to China set to fall to around 43mln barrels in September, according to Reuters sources.
- Salzgitter (SZG GY) expects muted steel demand through 2025 but forecasts a rebound in 2026 due to German fiscal stimulus and increased EU construction and defence spending. Record-high Chinese steel exports to Europe intensify competitive pressures despite rising domestic prices since July 2025.
Geopolitics: Middle East
- Israeli PM Netanyahu said Israel has no choice but to complete the job and defeat Hamas due to the group’s refusal to lay down its arms, while the new Gaza offensive plans aim to tackle two remaining Hamas strongholds and Israel expects to conclude the new Gaza offensive plan fairly quickly.
- Israeli PM Netanyahu spoke with US President Trump and discussed Israel’s plan to take control of the remaining Hamas strongholds in Gaza to bring an end to the war in Gaza.
- White House Special Envoy Witkoff was reported to meet with Qatar’s PM on Saturday for discussions regarding an end to the Gaza war and the release of hostages.
- Australia’s PM Albanese said Australia will recognise the state of Palestine at the UN General Assembly in September, while recognition will be predicated on commitments from the Palestinian Authority. Furthermore, Albanese said the situation in Gaza has gone beyond the world’s worst fears and that Israel continues to defy international law, while it was also reported that New Zealand is considering recognition of the state of Palestine with the New Zealand cabinet to make a formal decision in September.
- Iran said an IAEA official is to visit for talks to determine a framework for cooperation, although there are no plans for the IAEA to visit Iranian nuclear sites until there is a framework for cooperation.
- Jordan said it will host a Jordanian-Syrian-American meeting on Tuesday to discuss ways to support the rebuilding of Syria.
- Iranian Foreign Ministry said Tehran may agree to specific restrictions on nuclear activities in exchange for lifting sanctions, via Al Arabiya. Channels with the US still open, via an intermediary
Geopolitics: Ukraine
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska, while Russia’s Kremlin confirmed an agreement was reached to organise a meeting between Russian President Putin and US President Trump.
- White House is reportedly considering inviting Ukrainian President Zelensky to the Alaska summit and President Trump is open to a trilateral meeting in Alaska, although the White House is currently planning for a bilateral summit as requested by Russian President Putin.
- US VP Vance said the US is in the process of scheduling when Russian President Putin and Ukrainian President Zelensky can sit down and discuss an end to the conflict, while the US will keep dialogue open with Ukraine but doesn’t think it will be productive to have Putin sit down with Zelensky ahead of a meeting with Trump. Furthermore, Vance said President Trump is thinking about tariffs on China for buying Russian oil but hasn’t made any firm decisions, according to a Fox News interview.
- Ukrainian President Zelensky said Ukraine cannot violate the constitution on territory and Ukrainians will not give their land to occupiers, while he added that any solutions without Ukraine will be solutions against peace.
- Russian President Putin was reported on Friday to demand that Ukraine cede Donetsk, Luhansk and Crimea, for Russia to halt the war, while Putin told Witkoff he would agree to a complete ceasefire if Ukraine agreed to withdraw forces from all of Ukraine’s Eastern Donetsk region, according to WSJ citing Ukrainian and European officials.
- Joint statement from several EU and UK leaders stated they welcome US President Trump’s work to stop the killing in Ukraine and end Russia’s war of aggression, as well as achieve just and lasting peace and security for Ukraine. Furthermore, the joint statement noted they are convinced that only an approach that combines active diplomacy, support to Ukraine and pressure on the Russian Federation to end the war can succeed.
- Joint statement of the leaders of the Nordic-Baltic eight said they stand ready to contribute diplomatically, while maintaining substantial military and financial support to Ukraine. The joint statement also stated that they will continue to uphold and impose restrictive measures against the Russian Federation.
- Ukraine’s military said on Sunday that it struck an oil refinery in Russia’s Saratov region overnight, while it also announced that Russia attacked Zaporizhzhia with guided aerial bombs which hit residential areas, a bus station and a clinic.
- Polish PM Tusk said Russia must recognise the West rejects demands for Ukraine to cede territory.
Geopolitics: Other
- Thai soldiers were injured in a landmine blast near the Cambodia border.
- South Korea’s military said North Korea is dismantling loudspeakers from the border area.
- North Korea condemned upcoming US-South Korea joint military drills and said it will exercise its sovereign right against provocation regarding military drills, according to Yonhap.
US Event Calendar
- Nothing Scheduled
DB’s Jim Reid concludes the overnight wrap
As we move into mid-August, markets are bracing for a surprisingly busy week, with several key events and data releases likely to shape sentiment. The most closely watched will be tomorrow’s US CPI report, which could prove to be one of the larger events of the summer for markets.
Also on the radar is Friday’s high-stakes meeting between Donald Trump and Vladimir Putin in Alaska as the US has pushed for a ceasefire in Ukraine. Last Friday Trump said a deal would involve “some swapping of territories” with reports suggesting that it would see Ukraine ceding Russia the parts of Donbas that it still controls. Ukraine’s President Zelenskiy was quick to reject the idea and European leaders have called for any peace talks with Russia to include Kyiv. Bloomberg reported yesterday that European leaders are seeking to speak with Trump before his meeting with Putin.
Elsewhere, tomorrow marks the deadline for the pause in levies between the US and China, and markets will be watching closely to see whether the truce is extended. There are also expectations that the long awaited pharmaceutical and semiconductor sector tariffs will be announced by the US.
Beyond geopolitics, the economic calendar is busy even beyond the CPI release. In the US, we’ll also get PPI data on Thursday, retail sales figures that may show a boost from Amazon’s extended four-day Prime Day event (up from two days previously), and industrial production numbers on Friday. Internationally, Japan’s PPI is due Wednesday, while China’s monthly data dump arrives Friday. Tomorrow also brings Germany’s ZEW survey and UK labour market statistics, followed by Q2 GDP releases for the UK on Wednesday and Japan on Friday.
Central banks will also be in focus. Australia announces its rate decision tomorrow, with Deutsche Bank expecting a cut, while Norway follows on Thursday, after CPI releases today from both Denmark and Norway.
Turning to tomorrow’s US CPI, Deutsche Bank economists expect a 2.4% decline in seasonally adjusted gas prices to weigh on the headline figure, forecasting a +0.24% monthly increase versus +0.29% previously. In contrast, core CPI is expected to rise +0.32%, up from +0.23%. This would push year-over-year growth rates for headline and core CPI up by a tenth to 2.8% and 3.0%, respectively, with a risk that core rounds up to 3.1%.
Shorter-term trends for core inflation are expected to be mixed. The three-month annualised rate is projected to rise three-tenths to 2.7%, while the six-month rate is seen falling by the same amount to 2.4%. Our Economists also anticipate a notable increase in core goods categories (+0.42% vs. +0.20%), which are already showing signs of tariff-related price pressures. This impact is expected to extend to vehicle prices as well. It’s worth recalling that last month’s headline CPI appeared soft, but rates still sold off as the underlying details revealed growing evidence of tariff-driven inflation.
Thursday’s PPI report is expected to show a +0.2% increase for both headline and core, with attention focused on categories feeding into core PCE. Deutsche Bank is currently tracking a +0.31% increase for July’s core PCE, which would lift the year-over-year rate to 2.9%, with rounding risks toward 3.0%.
Fed commentary will also be in the spotlight. Richmond Fed President Thomas Barkin (non-voter) speaks tomorrow following the CPI release. On Wednesday, Chicago’s Austan Goolsbee (voter) and Atlanta’s Raphael Bostic (non-voter) will share their views. Bostic recently reiterated his expectation for one rate cut this year, despite increased risks to the labour market outlook following the July employment report. Markets are likely to pay closer attention to Goolsbee, given his voting status at the upcoming September 17 FOMC meeting and his previous concerns about the inflationary impact of tariffs.
Rounding out the week, corporate earnings in the US will feature Cisco, Applied Materials, Deere and CoreWeave. In China, investors will be watching results from Tencent, JD.com and Lenovo.
Asian markets are slightly higher this morning, with the Hang Seng (+0.19%), Shanghai Comp (+0.51%), and S&P/ASX 200 (+0.32%) all in positive territory. S&P 500 (+0.14%) and Nasdaq (+0.13%) futures are also edging higher. In an unusual move, Nvidia and AMD have agreed to pay the US 15% of its revenues from AI chip sales to China.
Elsewhere, the KOSPI is flat and Japan is closed for a holiday. Over the weekend, China released their latest inflation data, with yoy CPI at 0.0% (vs. -0.1% expected) and yoy PPI at -3.6% (vs. -3.3% expected).
Recapping last week now and Equities continued their upward momentum, with the S&P 500 climbing +2.43% overall and gaining +0.78% on Friday alone, ending the week just a whisker—less than 0.01%—from its all-time high. Technology stocks led the charge, as the Nasdaq advanced +3.87% (+0.98% on Friday), while the Magnificent 7 surged +5.42% over the week (+1.54% on Friday). In Europe, the Stoxx 600 posted its strongest weekly performance since early May, rising +2.11% (+0.19% on Friday). The DAX gained +3.15% despite a slight pullback on Friday (-0.12%), and the FTSE MIB rallied +4.21% (+0.56% Friday), buoyed by optimism surrounding potential talks between the US and Russia over Ukraine.
These gains came in spite of fresh US tariffs that took effect on August 7. President Trump announced that imported semiconductors could face tariffs of up to 100%, though exemptions would apply to companies pledging to manufacture domestically. Pharmaceutical tariffs are also set to be phased in gradually, reaching as high as 250% over the next 18 months. Further details on these measures are expected in the coming week. In a surprise move on Friday, Trump also declared that gold bars would be subject to tariffs of up to 39%, a development that helped December gold futures rise +2.69% over the week (+1.09% on Friday). Earlier in the week, he also announced a doubling of tariffs on India to 50% in response to its purchases of Russian oil. However, Brent crude prices fell -4.42% on the week to two-month lows, as the implementation of these tariffs was delayed by 21 days and amid anticipation of the upcoming Trump-Putin meeting.
On the data front, the US July ISM services index disappointed, coming in at 50.1 versus expectations of 51.5. The employment component contracted further, while the prices paid index rose to its highest level since October 2022, fuelling concerns that tariffs may be nudging the US economy toward a stagflationary path. Meanwhile, Trump nominated Stephen Miran, Chairman of the Council of Economic Advisers, to temporarily fill Governor Kugler’s seat on the Federal Reserve Board.
In fixed income, 10-year Treasury yields rose +6.6bps over the week (+3.3bps on Friday) to 4.28%, pressured by soft demand across the week’s 3-year, 10-year, and 30-year auctions. In Europe, economic data was more encouraging, with the euro area’s July composite PMI rising to 50.9 from 50.6 in June. This prompted markets to scale back expectations for ECB rate cuts, with just 13bps of easing now priced in by year-end, down -2.4bps on the week. German 10-year bund yields rose +1.1bps over the week, including a +5.9bps jump on Friday.
Finally, the Bank of England delivered a 25bp rate cut to 4.00%, but the decision was far from straightforward. The initial vote split was an unprecedented 4-4-1, with four members favouring no change. A second vote was required to reach a 5-4 majority—something never seen before in the Bank’s history. Market pricing for the BoE’s policy rate at the end of 2025 rose +11.7bps over the week, with 17bps of easing now expected by December. The FTSE 100 underperformed its European peers, rising just +0.30% on the week. Our UK economist, Sanjay Raja, now anticipates one further rate cut from the BoE this year
2b European opening report
Fixed bid & stocks mixed in thin August trade ahead of Trump-Putin summit on Friday – Newsquawk US Market Open
Monday, Aug 11, 2025 – 06:08 AM
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Ukrainian President Zelensky.
- Fed’s Bowman (voter) said that the latest job market data reinforces her forecast for three rate cuts this year.
- Fed Chair list now said to include former St. Louis Fed President Bullard and former George W. Bush adviser Sumerlin, according to WSJ.
- European bourses opened firmer but dipped lower as the risk tone deteriorated, US futures are mixed; NVIDIA -1% & AMD -2% to pay 15% of Chinese chip sale revenue to US Government.
- Choppy trade in FX amidst quiet newsflow ahead of this week’s risk events; DXY is flat.
- Bonds are bid as the risk tone deteriorates ahead of a packed weekly docket; Gilts outperform.
- Crude initially subdued on the US-Russia meeting, but now flat; XAU continues to edge lower currently around USD 3,356/oz.
- Looking ahead, highlights include BoC SLOS (Q2).
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 days
TARIFFS/TRADE
- US President Trump posted “China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s Trade Deficit with the USA. Rapid service will be provided. Thank you President XI.”
- US Treasury Secretary Bessent expects trade issues to be finished by October, according to Nikkei.
- US licensed NVIDIA (NVDA) to export chips to China after CEO Huang met with US President Trump, while it was also reported that NVIDIA and AMD (AMD) will pay 15% of China chip revenues to the US government, according to FT.
- China wants the US to relax export controls on chips as part of a trade deal, according to FT.
- Mexico’s government said it fixed minimum prices for exports of fresh tomatoes following the end of an antidumping investigation suspension agreement with the US, while it noted that the decision protects producers, prevents market distortions and ensures national supply.
EUROPEAN TRADE
EQUITIES
- European bourses began the session on the front foot, attempting to add to a two-day win streak, though early morning gains pared amid pressure in the risk tone alongside the opening of the US Premarket: NVIDIA (-1.4%), AMD (-2.7%), after reports that they will pay 15% of China chip revenues to the US government, according to FT.
- European sectors opened almost entirely in the green, though in line with the broader risk tone, have since turned more negative. Healthcare outperforms after Novartis (+2.2%) said both Ianalumab Phase III clinical trials met primary endpoints. Utilities lags, dragged down by Orsted (-27%) after a DKK 60bln rights issue.
- US equity futures are mixed, with the NQ flat whilst the RTY outperforms, benefiting from the lower yield environment ahead of the week’s aforementioned risk events, including the Trump-Putin meeting, US CPI and Retail sales.
- Tesla (TSLA) executive said expanding Robotaxi coverage in Austin, Texas; will launch Robotaxi in some Asian markets. Building a service coverage centre with mobile service, collision centre, and remote diagnostics. First service coverage centre expected to open in Mumbai, India, in September. Will set up charging station and an approved collision centre in Bangalore.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- USD is relatively flat intraday during the European morning after kicking off APAC the week, marginally softer in APAC trade with little fresh major macro catalysts from over the weekend, and as participants look ahead to US CPI data due on Tuesday. In terms of Fed speak, there were comments from Fed’s Bowman over the weekend who warned that delayed action risks further labour market erosion and the need for a possible bigger cut, as well as noted that the latest job market data reinforces her forecast for three rate cuts this year. Several Fed speakers are scattered throughout the week after Tuesday’s US CPI data. Aside from US data and Fed speak this week, attention will also be on the Trump-Putin summit on Friday, which has the intention of ending the war between Russia and Ukraine. DXY is currently confined to a narrow 98.03-98.27 range, still within Friday’s 97.95-98.35 parameter.
- EUR/USD mildly strengthened but with price action contained within Friday’s parameters amid quiet newsflow from the bloc, albeit potentially underpinned by the Russia-US meeting on efforts to end the war in Ukraine. EUR/USD resides in a 1.1635-1.1675 range, within Friday’s 1.1628-1.1679 range.
- JPY was initially modestly firmer in choppy trade despite a relatively flat Dollar in a move that coincided with a rise in US Treasuries. This comes after JPY lacks demand overnight amid the absence of Japanese participants due to the Mountain Day holiday closure. USD/JPY resides in a 147.33-147.79 range with Friday’s range between 146.71-147.90, and with the 21 DMA also at 147.90 today.
- GBP remains afloat and takes a breather around last week’s best levels, albeit with trade muted alongside a quiet calendar for today, which is set to pick up on Tuesday, including with the release of the latest UK employment data.
- Antipodeans struggled for direction in APAC trade owing to a lack of drivers overnight, and with the RBA kick-starting its 2-day policy meeting, which is unanimously expected to result in a 25bps cut.
- RBI has reportedly sold at least USD 5bln to boost FX in a bid to prop up the INR after it weakened to a record low, according to Bloomberg.
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- UST futures are trading higher by just under 5 ticks in very quiet newsflow and after a lacklustre session overnight, given JGB cash trade was shut as Japan enjoyed its Mountain Day holiday. Price action this morning has only really been upwards, alongside global peers. Nothing quite behind the upside, but potentially amid a deterioration in the risk tone (stocks moving lower & JPY bid). Upside in fixed income could be explained by: a) latest dovish commentary from Fed’s Bowman, b) Russia-US meeting, c) trade updates (and lack of US-China updates). Currently trading towards the upper end of a 111-25+ to 112-00 range; the peak for the day is just shy of last Friday’s best at 112-02 – further upside could see the potential test of the high from a day earlier at 112-04+.
- Bunds are currently firmer but have waned off best levels in recent trade, in a 129.67 to 130.00 range. As above, nothing behind the upside today, but in line with the risk tone. For Europe specifically, the move could also be explained by less demand for defence-related spending, should a Russia-Ukraine deal be struck on Friday.
- Gilts are also firmer, and are outperforming vs peers. Nothing quite behind the marginal outperformance, particularly in the context of slow UK-specific newsflow. UK paper is currently trading towards the upper end of a 92.00 to 92.37 range; this has breached last Friday’s high at 92.31, with the next level to the upside at 92.66 (8th Aug high).
- Click for a detailed summary
COMMODITIES
- Crude futures were initially pressured as focus was on the US-Russia meeting, but is now flat. Initial pressure due to some geopolitical risk premia unwinds ahead of the Trump-Putin meeting scheduled for this coming Friday, with no sanctions imposed against Russia after Trump’s deadline passed last Friday. US President Trump said he will meet with Russian President Putin on August 15th in Alaska, while Russia’s Kremlin confirmed an agreement was reached to organise a meeting between Russian President Putin and US President Trump. The White House is reportedly considering inviting Ukrainian President Zelensky to the Alaska summit, and President Trump is open to a trilateral meeting in Alaska, although the White House is currently planning for a bilateral summit as requested by Russian President Putin. WTI currently resides in a 63.02-63.91/bbl range while Brent sits in a USD 65.81-66.66/bbl range.
- Spot gold pulled back after the choppy performance on Friday, and with resistance around the USD 3,400/oz level. The yellow metal may also be experiencing a geopolitical risk unwind ahead of the Trump-Putin summit in Alaska this coming Friday. Price action this morning has seen the yellow metal slide from a USD 3,401.40/oz peak to a current low at USD 3,358.80/oz, with the 50 DMA seen at USD 3,349.80/oz.
- Copper futures traded indecisively overnight in the absence of major catalysts and after mixed inflation data from its largest buyer, China. Thereafter, the base metals complex tilted mostly lower shortly after the European open as risk waned further.
- Iraq set September Basrah medium crude official selling price to Asia at plus USD 2.15/bbl vs Oman/Dubai average and to Europe at minus USD 1.30/bbl vs Dated Brent, while it set the OSP to North and South America at minus USD 1.00/bbl vs ASCI, according to SOMO.
- Chile’s Codelco said the El Teniente copper mine was approved for a restart by the labour authority and it later announced that it restarted sectors of the El Teniente mine, plant and smelter.
- Contemporary Amperex Technology (300750 CH) suspended production at a major lithium mine in China’s Jiangxi province for at least three months, according to sources familiar with the matter.
- China’s Baosteel (600019 CH) said it is to lift hot and cold rolled coil prices for September delivery by USD 200/metric ton and USD 300/metric ton respectively.
- Saudi Crude supply to China set to fall to around 43mln barrels in September, according to Reuters sources.
- Salzgitter (SZG GY) expects muted steel demand through 2025 but forecasts a rebound in 2026 due to German fiscal stimulus and increased EU construction and defence spending. Record-high Chinese steel exports to Europe intensify competitive pressures despite rising domestic prices since July 2025.
- Click for a detailed summary
NOTABLE DATA RECAP
- Norwegian Core Inflation YY (Jul) 3.1% vs. Exp. 3.0% (Prev. 3.1%)
- Norwegian Consumer Price Index MM (Jul) 0.8% vs. Exp. 0.3% (Prev. 0.2%)
- Norwegian Core Inflation MM (Jul) 0.8% vs. Exp. 0.7% (Prev. 0.5%)
- Norwegian Consumer Price Index YY (Jul) 3.3% vs. Exp. 3.0% (Prev. 3.0%)
- Norwegian Producer Price Index YY (Jul) -0.3% (Prev. -1.0%)
- Norwegian CPI Index Number (Jul) 138.9 (Prev. 137.8)
- Italian CPI (EU Norm) Final MM (Jul) -1.0% vs. Exp. -1.0% (Prev. -1.0%); YY (Jul) 1.7% vs. Exp. 1.7% (Prev. 1.7%)
NOTABLE US HEADLINES
- Fed’s Bowman (voter) said core PCE inflation appears to be moving much closer to the 2% target than is shown in the data and it is appropriate to look through temporarily elevated inflation, while she added that upside risks to inflation have diminished and she has more confidence that tariffs won’t mean persistent inflation. Furthermore, Bowman said delayed action risks further labour market erosion and the need for a possible bigger cut, as well as noted that the latest job market data reinforces her forecast for three rate cuts this year.
- US President Trump administration officials are looking at Heritage Foundation chief economist E.J. Antoni, among others, to lead the Bureau of Labor Statistics, according to The Wall Street Journal.
- US President Trump is expected to activate hundreds of National Guard troops for Washington DC, while a final number and what role they could play are still being decided, according to Reuters citing a US official.
- US President Trump’s administration is considering reclassification of marijuana as a less dangerous category of drug, according to WSJ.
GEOPOLITICS
MIDDLE EAST
- Israeli PM Netanyahu said Israel has no choice but to complete the job and defeat Hamas due to the group’s refusal to lay down its arms, while the new Gaza offensive plans aim to tackle two remaining Hamas strongholds and Israel expects to conclude the new Gaza offensive plan fairly quickly.
- Israeli PM Netanyahu spoke with US President Trump and discussed Israel’s plan to take control of the remaining Hamas strongholds in Gaza to bring an end to the war in Gaza.
- White House Special Envoy Witkoff was reported to meet with Qatar’s PM on Saturday for discussions regarding an end to the Gaza war and the release of hostages.
- Australia’s PM Albanese said Australia will recognise the state of Palestine at the UN General Assembly in September, while recognition will be predicated on commitments from the Palestinian Authority. Furthermore, Albanese said the situation in Gaza has gone beyond the world’s worst fears and that Israel continues to defy international law, while it was also reported that New Zealand is considering recognition of the state of Palestine with the New Zealand cabinet to make a formal decision in September.
- Iran said an IAEA official is to visit for talks to determine a framework for cooperation, although there are no plans for the IAEA to visit Iranian nuclear sites until there is a framework for cooperation.
- Jordan said it will host a Jordanian-Syrian-American meeting on Tuesday to discuss ways to support the rebuilding of Syria.
- Iranian Foreign Ministry said Tehran may agree to specific restrictions on nuclear activities in exchange for lifting sanctions, via Al Arabiya. Channels with the US still open, via an intermediary
RUSSIA-UKRAINE
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska, while Russia’s Kremlin confirmed an agreement was reached to organise a meeting between Russian President Putin and US President Trump.
- White House is reportedly considering inviting Ukrainian President Zelensky to the Alaska summit and President Trump is open to a trilateral meeting in Alaska, although the White House is currently planning for a bilateral summit as requested by Russian President Putin.
- US VP Vance said the US is in the process of scheduling when Russian President Putin and Ukrainian President Zelensky can sit down and discuss an end to the conflict, while the US will keep dialogue open with Ukraine but doesn’t think it will be productive to have Putin sit down with Zelensky ahead of a meeting with Trump. Furthermore, Vance said President Trump is thinking about tariffs on China for buying Russian oil but hasn’t made any firm decisions, according to a Fox News interview.
- Ukrainian President Zelensky said Ukraine cannot violate the constitution on territory and Ukrainians will not give their land to occupiers, while he added that any solutions without Ukraine will be solutions against peace.
- Russian President Putin was reported on Friday to demand that Ukraine cede Donetsk, Luhansk and Crimea, for Russia to halt the war, while Putin told Witkoff he would agree to a complete ceasefire if Ukraine agreed to withdraw forces from all of Ukraine’s Eastern Donetsk region, according to WSJ citing Ukrainian and European officials.
- Joint statement from several EU and UK leaders stated they welcome US President Trump’s work to stop the killing in Ukraine and end Russia’s war of aggression, as well as achieve just and lasting peace and security for Ukraine. Furthermore, the joint statement noted they are convinced that only an approach that combines active diplomacy, support to Ukraine and pressure on the Russian Federation to end the war can succeed.
- Joint statement of the leaders of the Nordic-Baltic eight said they stand ready to contribute diplomatically, while maintaining substantial military and financial support to Ukraine. The joint statement also stated that they will continue to uphold and impose restrictive measures against the Russian Federation.
- Ukraine’s military said on Sunday that it struck an oil refinery in Russia’s Saratov region overnight, while it also announced that Russia attacked Zaporizhzhia with guided aerial bombs which hit residential areas, a bus station and a clinic.
- Polish PM Tusk said Russia must recognise the West rejects demands for Ukraine to cede territory.
OTHER
- Thai soldiers were injured in a landmine blast near the Cambodia border.
- South Korea’s military said North Korea is dismantling loudspeakers from the border area.
- North Korea condemned upcoming US-South Korea joint military drills and said it will exercise its sovereign right against provocation regarding military drills, according to Yonhap.
CRYPTO
- Bitcoin is a little firmer today currently trading around USD 121k; Ethereum soared over the past few days, currently just shy of USD 4.3k.
APAC TRADE
- APAC stocks were mostly in the green but with gains limited and price action contained in the absence of notable catalysts from over the weekend and with Japanese markets closed for a holiday.
- ASX 200 notched a fresh intraday record high with lithium miners boosted after CATL temporarily suspended operations at the Jianxiawo lithium mine in China.
- Hang Seng and Shanghai Comp kept afloat following reports that the US licenced NVIDIA to export chips to China, with the Co. and AMD to pay 15% of China chip revenue to the US government, although gains were capped as participants continued to await an extension to the US-China tariff truce deadline which expires on Tuesday, while inflation data from China was mixed as CPI topped estimates to print flat Y/Y but coincided with a deeper-than-expected deflation in factory gate prices.
NOTABLE ASIA-PAC HEADLINES
- Chinese Industry Association said July vehicle sales +14.7% Y/Y (vs +13.8% in June); January-July vehicle sales +12% Y/Y (prev. +4.4% in January-July 2024). New energy vehicle (NEV) sales +27.4% Y/Y in July. January-July NEV sales +38.5% Y/Y
DATA RECAP
- Chinese CPI MM (Jul) 0.4% vs. Exp. 0.3% (Prev. -0.1%)
- Chinese CPI YY (Jul) 0.0% vs. Exp. -0.1% (Prev. 0.1%)
- Chinese PPI YY (Jul) -3.6% vs. Exp. -3.3% (Prev. -3.6
2c Asian Opening report
Stocks posting mild gains with NVIDIA & AMD to pay 15% of China chip revenues to US Govt. – Newsquawk Europe Market Open
Monday, Aug 11, 2025 – 01:10 AM
- APAC stocks were mostly in the green but with gains limited in the absence of notable catalysts from over the weekend and Japan away from market.
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska; White House is considering inviting Zelensky.
- Fed’s Bowman (voter) said that the latest job market data reinforces her forecast for three rate cuts this year.
- Fed Chair list now said to include former St. Louis Fed President Bullard and former George W. Bush adviser Sumerlin, according to WSJ.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.2% after the cash market closed with gains of 0.3% on Friday.
- DXY is a touch softer, EUR is the marginal outperformer across the majors with price action overall contained.
- Looking ahead, highlights include Norwegian CPI (Jul) & BoC SLOS (Q2).
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 gained on Friday with all major indices in the green and the Nasdaq posted a fresh record close as Tech and Communications outperformed, although Real Estate, Utilities and Industrials lagged, while sentiment was helped by recent Fed-related headlines including President Trump naming CEA Chair Miran to be the replacement for Fed’s Kugler until the end of January, and amid optimism related to a Trump-Putin meeting which has since been confirmed for August 15th.
- SPX +0.79% at 6,390, NDX +0.95% at 23,611, DJI +0.44% at 44,162, RUT +0.17% at 2,218.
- Click here for a detailed summary.
TARIFFS/TRADE
- US President Trump posted “China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s Trade Deficit with the USA. Rapid service will be provided. Thank you President XI.”
- US Treasury Secretary Bessent expects trade issues to be finished by October, according to Nikkei.
- US licensed NVIDIA (NVDA) to export chips to China after CEO Huang met with US President Trump, while it was also reported that NVIDIA and AMD (AMD) will pay 15% of China chip revenues to the US government, according to FT.
- China wants the US to relax export controls on chips as part of a trade deal, according to the FT.
- Mexico’s government said it fixed minimum prices for exports of fresh tomatoes following the end of an antidumping investigation suspension agreement with the US, while it noted that the decision protects producers, prevents market distortions and ensures national supply.
NOTABLE HEADLINES
- Fed’s Bowman (voter) said core PCE inflation appears to be moving much closer to the 2% target than is shown in the data and it is appropriate to look through temporarily elevated inflation, while she added that upside risks to inflation have diminished and she has more confidence that tariffs won’t mean persistent inflation. Furthermore, Bowman said delayed action risks further labour market erosion and the need for a possible bigger cut, as well as noted that the latest job market data reinforces her forecast for three rate cuts this year.
- US President Trump’s team was reported on Friday to have expanded the search for Fed Chair with new names added to the list, including former St. Louis Fed President James Bullard and Marc Sumerlin, who is a former George W. Bush adviser, according to WSJ.
- US President Trump administration officials are looking at Heritage Foundation chief economist E.J. Antoni, among others, to lead the Bureau of Labor Statistics, according to The Wall Street Journal.
- US President Trump is expected to activate hundreds of National Guard troops for Washington DC, while a final number and what role they could play are still being decided, according to Reuters citing a US official.
- US President Trump’s administration is considering reclassification of marijuana as a less dangerous category of drug, according to WSJ.
APAC TRADE
EQUITIES
- APAC stocks were mostly in the green but with gains limited and price action contained in the absence of notable catalysts from over the weekend and with Japanese markets closed for a holiday.
- ASX 200 notched a fresh intraday record high with lithium miners boosted after CATL temporarily suspended operations at the Jianxiawo lithium mine in China.
- Hang Seng and Shanghai Comp kept afloat following reports that the US licenced NVIDIA to export chips to China, with the Co. and AMD to pay 15% of China chip revenue to the US government, although gains were capped as participants continued to await an extension to the US-China tariff truce deadline which expires on Tuesday, while inflation data from China was mixed as CPI topped estimates to print flat Y/Y but coincided with a deeper-than-expected deflation in factory gate prices.
- US equity futures (ES +0.1%, NQ +0.1%) marginally edged higher in a resumption of last Friday’s gradual rebound.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.2% after the cash market closed with gains of 0.3% on Friday.
FX
- DXY began the week marginally softer with little fresh major macro catalysts from over the weekend and as participants look ahead to US CPI data due on Tuesday. Nonetheless, there were comments from Fed’s Bowman who warned that delayed action risks further labour market erosion and the need for a possible bigger cut, as well as noted that the latest job market data reinforces her forecast for three rate cuts this year.
- EUR/USD mildly benefitted on the back of a softer dollar but with price action contained within Friday’s parameters amid quiet newsflow from the bloc.
- GBP/USD remained afloat and marginally extended on last week’s best levels, albeit with trade muted alongside a quiet calendar for today, which is set to pick up on Tuesday, including with the release of the latest UK employment data.
- USD/JPY lacked demand with price action uneventful in the absence of Japanese participants due to the Mountain Day holiday closure.
- Antipodeans struggled for direction owing to a lack of drivers and with the RBA kick-starting its 2-day policy meeting where the central bank is unanimously expected to deliver a 25bps rate cut.
- PBoC set USD/CNY mid-point at 7.1405 vs exp. 7.1845 (Prev. 7.1382)
FIXED INCOME
- 10yr UST futures eked slight gains but lacked conviction amid the closure of overnight cash treasuries trade due to the holiday in Tokyo.
- Bund futures languished near the prior week’s trough at the sub-130.00 territory with little newsflow from the bloc to spur price action.
COMMODITIES
- Crude futures remained subdued after last week’s declines and ahead of the Trump-Putin meeting scheduled for Friday.
- Iraq set September Basrah medium crude official selling price to Asia at plus USD 2.15/bbl vs Oman/Dubai average and to Europe at minus USD 1.30/bbl vs Dated Brent, while it set the OSP to North and South America at minus USD 1.00/bbl vs ASCI, according to SOMO.
- Chile’s Codelco said the El Teniente copper mine was approved for a restart by the labour authority and it later announced that it restarted sectors of the El Teniente mine, plant and smelter.
- Spot gold pulled back after the choppy performance on Friday and with resistance around the USD 3,400/oz level.
- Copper futures traded indecisively in the absence of major catalysts and after mixed inflation data from its largest buyer.
- Contemporary Amperex Technology (300750 CH) suspended production at a major lithium mine in China’s Jiangxi province for at least three months, according to sources familiar with the matter.
CRYPTO
- Bitcoin climbed overnight alongside a broad crypto rally which saw prices approach just shy of the USD 122k level before paring some of the gains.
NOTABLE ASIA-PAC HEADLINES
DATA RECAP
- Chinese CPI MM (Jul) 0.4% vs. Exp. 0.3% (Prev. -0.1%)
- Chinese CPI YY (Jul) 0.0% vs. Exp. -0.1% (Prev. 0.1%)
- Chinese PPI YY (Jul) -3.6% vs. Exp. -3.3% (Prev. -3.6%)
GEOPOLITICS
MIDDLE EAST
- Israeli PM Netanyahu said Israel has no choice but to complete the job and defeat Hamas due to the group’s refusal to lay down its arms, while the new Gaza offensive plans aim to tackle two remaining Hamas strongholds and Israel expects to conclude the new Gaza offensive plan fairly quickly.
- Israeli PM Netanyahu spoke with US President Trump and discussed Israel’s plan to take control of the remaining Hamas strongholds in Gaza to bring an end to the war in Gaza.
- White House Special Envoy Witkoff was reported to meet with Qatar’s PM on Saturday for discussions regarding an end to the Gaza war and the release of hostages.
- Australia’s PM Albanese said Australia will recognise the state of Palestine at the UN General Assembly in September, while recognition will be predicated on commitments from the Palestinian Authority. Furthermore, Albanese said the situation in Gaza has gone beyond the world’s worst fears and that Israel continues to defy international law, while it was also reported that New Zealand is considering recognition of the state of Palestine with the New Zealand cabinet to make a formal decision in September.
- Iran said an IAEA official is to visit for talks to determine a framework for cooperation, although there are no plans for the IAEA to visit Iranian nuclear sites until there is a framework for cooperation.
- Jordan said it will host a Jordanian-Syrian-American meeting on Tuesday to discuss ways to support the rebuilding of Syria.
RUSSIA-UKRAINE
- US President Trump said he will meet with Russian President Putin on August 15th in Alaska, while Russia’s Kremlin confirmed an agreement was reached to organise a meeting between Russian President Putin and US President Trump.
- White House is reportedly considering inviting Ukrainian President Zelensky to the Alaska summit and President Trump is open to a trilateral meeting in Alaska, although the White House is currently planning for a bilateral summit as requested by Russian President Putin.
- US VP Vance said the US is in the process of scheduling when Russian President Putin and Ukrainian President Zelensky can sit down and discuss an end to the conflict, while the US will keep dialogue open with Ukraine but doesn’t think it will be productive to have Putin sit down with Zelensky ahead of a meeting with Trump. Furthermore, Vance said President Trump is thinking about tariffs on China for buying Russian oil but hasn’t made any firm decisions, according to a Fox News interview.
- Ukrainian President Zelensky said Ukraine cannot violate the constitution on territory and Ukrainians will not give their land to occupiers, while he added that any solutions without Ukraine will be solutions against peace.
- Russian President Putin was reported on Friday to demand that Ukraine cede Donetsk, Luhansk and Crimea, for Russia to halt the war, while Putin told Witkoff he would agree to a complete ceasefire if Ukraine agreed to withdraw forces from all of Ukraine’s Eastern Donetsk region, according to WSJ citing Ukrainian and European officials.
- Joint statement from several EU and UK leaders stated they welcome US President Trump’s work to stop the killing in Ukraine and end Russia’s war of aggression, as well as achieve just and lasting peace and security for Ukraine. Furthermore, the joint statement noted they are convinced that only an approach that combines active diplomacy, support to Ukraine and pressure on the Russian Federation to end the war can succeed.
- Joint statement of the leaders of the Nordic-Baltic eight said they stand ready to contribute diplomatically, while maintaining substantial military and financial support to Ukraine. The joint statement also stated that they will continue to uphold and impose restrictive measures against the Russian Federation.
- Ukraine’s military said on Sunday that it struck an oil refinery in Russia’s Saratov region overnight, while it also announced that Russia attacked Zaporizhzhia with guided aerial bombs which hit residential areas, a bus station and a clinic.
OTHER
- Thai soldiers were injured in a landmine blast near the Cambodia border.
- South Korea’s military said North Korea is dismantling loudspeakers from the border area.
- North Korea condemned upcoming US-South Korea joint military drills and said it will exercise its sovereign right against provocation regarding military drills, according to Yonhap.
3A NORTH KOREA/SOUTH KOREA
SOUTH KOREA//NORTH KOREA/
3B JAPAN/
THIS CANNOT CONTINUE LIKE THIS;
Japanese Automakers Losing $20 Million Per Day To U.S. Tariffs
Sunday, Aug 10, 2025 – 03:45 PM
Japanese automakers are losing an estimated 3 billion yen ($20.3 million) in combined profits every day the U.S. delays lowering auto tariffs, according to company data, according to Nikkei Asia.
The full-year hit from the duties is projected at 2.7 trillion yen ($18.3 billion), dragging aggregate operating profit down 36% for six major producers, excluding Nissan, which has not given a forecast.
The U.S. raised tariffs on Japanese vehicles to 27.5% from 2.5% in April but agreed last month to cut the rate to 15%. Goldman Sachs Japan estimates the reduction will lessen the damage by 1.6 trillion yen, but each month of delay adds roughly 100 billion yen to automakers’ burden, Nikkei reports.
Mazda, which gets about one-third of its sales from the U.S., expected an 82% drop in net profit to 20 billion yen this fiscal year, assuming the lower rate would start Aug. 1. With tariffs estimated to cost 233.3 billion yen, it aims to offset the blow with 80 billion yen in cost cuts, but further delays could push it into the red. Subaru, with 70% of its sales in the U.S., forecasts a 210 billion yen hit and a 51% drop in operating profit to 200 billion yen.
Nikkei Asia writes that Toyota projects the biggest loss—1.4 trillion yen—due to high U.S. sales and supplier costs. Its forecast also assumed an Aug. 1 start date. In July, Toyota raised U.S. prices by an average $270, citing “the improved performance of the vehicles rather than the tariffs.” Takanori Azuma, chief officer of Toyota’s accounting group, said there could be further hikes “if there is an appropriate time when customers can accept them.” Toyota now expects pricing changes to lift earnings by 370 billion yen, up from 250 billion, but far below the tariff impact.
Price hikes carry risks. A rush of pre-hike buying may slow sales later, and higher prices could weaken competitiveness. “We continue to consider [price hikes] cautiously,” Honda CFO Eiji Fujimura said. Mitsubishi Motors, which raised prices in June, still posted a 3 billion yen operating loss in North America last quarter, with a 14.4 billion yen tariff drag.
If prices can’t fully offset the duties, automakers must cut costs. Toyota expects savings, higher sales volume, and a better model mix to add 899.5 billion yen to operating profit.
Japan’s lead trade negotiator, Ryosei Akazawa, said he expects the U.S. to lower the tariff rate when Washington corrects its “reciprocal” tariff order. Asked when, he said the two sides “tacitly share an understanding that it’d be best to do it quickly.
END
3C CHINA
“Super Steel”: China Unveils Game-Changing Cryogenic Steel for Fusion Reactors
Monday, Aug 11, 2025 – 06:55 AM
China has developed a breakthrough material, CHSN01 (China high-strength low-temperature steel No 1), capable of withstanding extreme cold and massive magnetic forces, and deployed it this year in the world’s first fusion nuclear power generation reactor, according to SCMP.
The steel puts China at the forefront of materials science and could have applications beyond fusion.
The ultra-strong cryogenic steel meets the demands of superconducting magnets operating near absolute zero and in magnetic fields of up to 20 Tesla. It can endure stresses of 1,300MPa and has superior fatigue resistance to traditional alloys. “In addition to its applications in superconductivity, this steel can also be used in other related areas,” said Zhao Zhongxian, a top Chinese physicist.
Development began after a 2011 setback at the International Thermonuclear Experimental Reactor (ITER) in France, where cryogenic steel turned brittle under testing.
China’s team, led by Li Laifeng of the Chinese Academy of Sciences, spent over a decade refining the material—starting with nitrogen-enhanced stainless steel, then incorporating vanadium and controlling carbon/nitrogen ratios.
Foreign experts had called the new approach “absolutely impossible,” but Zhao encouraged persistence: “Do not blindly trust foreign authorities. This matter is worth pursuing.”
In 2021, China set strict specifications—1,500MPa yield strength and over 25% elongation at cryogenic temperatures—described by fusion expert Li Jiangang as essential for the country’s compact fusion devices.
SCMP writes that the High-Strength Steel Research Alliance, uniting institutes, companies, and welding specialists, fast-tracked progress through biweekly technical forums and independent testing.
By August 2023, CHSN01 met all targets and entered production for the Burning Plasma Experimental Superconducting Tokamak (BEST), now under construction and due for completion in 2027. Of its 6,000 tonnes of components, 500 tonnes of conductor jackets are made from CHSN01.
END
UK
AMAZING!
UK Homelessness Minister Quits After Making Her Own Tenants Homeless
Monday, Aug 11, 2025 – 02:45 AM
Authored by Thomas Brooke via Remix News,
Rushanara Ali has resigned from her role as Minister for Homelessness in Keir Starmer’s left-wing government following reports that she removed tenants from her east London townhouse and relisted the property with a £700-per-month rent increase.
The revelations, first reported by the i Paper, raised concerns about a perceived conflict between Ali’s personal actions as a landlord and her public stance on housing policy.
Bangladeshi-born Ali, who represents Bethnal Green and Stepney, submitted her resignation to Prime Minister Keir Starmer in a letter late on Thursday. She wrote, “It is with a heavy heart that I offer you my resignation as a Minister,” and emphasized that she had always followed legal requirements, stating, “I believe I took my responsibilities and duties seriously, and the facts demonstrate this.”
The MP said she was stepping down because her continued presence in the role would be “a distraction from the ambitious work of the government.” She cited supposed achievements made during her tenure, including tackling rough sleeping, strengthening democracy, and developing a pathway to end the war in Gaza.
It is unclear why a homelessness minister elected by Brits in the United Kingdom considered the war in Gaza to be on her list of priorities.
Ali has previously spoken out against landlords who exploit private renters and supported Labour’s upcoming Renters’ Rights Bill, which will bar landlords from relisting properties at higher rents within six months of ending a tenancy to sell.
A source close to Ali claimed the tenants were told their lease would not be renewed and were offered the option of staying on a rolling contract. The source said the house was initially put up for sale, and only relisted for rent after a buyer was not found.
In response to her resignation, Prime Minister Keir Starmer thanked Ali for her work in government.
“Your diligent work at the Ministry of Housing, Communities and Local Government, including your efforts to put in measures to repeal the Vagrancy Act, will have a significant impact,” he wrote.
“I know you will continue to support the Government from the backbenches and represent the best interests of your constituents in Bethnal Green and Stepney.”
END
4. EUROPEAN AFFAIRS
SPAIN
Spanish Town Bans Muslim Festivals In Public Spaces As Anti-Islamification Movement Gains Momentum
Saturday, Aug 09, 2025 – 08:45 AM
The Islamification of the West continues unchecked. Millions of third-worlders have been funneled into Western nations, especially France, Spain, Ireland, England, and Germany. Globalist rulers in Brussels have remained silent about the intentional invasion, while anyone voicing concern is immediately thrown into the state-run government censorship gauntlet and labeled a “racist.”
It comes as no surprise that Brussels’ failed open-borders experiment since 2015, flooding Europe with millions of migrants, asylum seekers, and refugees from countries such as Syria, Iraq, and Afghanistan, has sparked not only a deepening identity crisis for Europe, but also fueled a powerful resurgence of nationalism across the continent.
The latest example comes from the small Spanish town of Jumilla, where the local nationalist party Vox enacted the country’s first ban on Muslim use of public spaces (sports halls, civic centres) for activities “alien to our identity” unless organized by the council, effectively blocking Eid al-Fitr and Eid al-Adha gatherings.
The local Vox party posted on X: “Thanks to Vox, the first measure to ban Islamic festivals in Spain’s public spaces has been passed. Spain is and will be forever the land of Christian people.”
Vox spokesperson Alba Franco told the Qatari-owned pro-Arab news outlet The New Arab that Muslim practices are linked to “insecurity” and warned of the “Islamisation” of communities.
For some context, Jumilla was once part of the Roman Empire and fell to Berber and Arab forces in the eighth century and remained predominantly Arab for centuries, until Christian troops under Alfonso X of Castile seized the land in the mid-13th century.
Last month, anti-migrant protests unfolded in Murcia, about an hour away from Jumilla, after locals were infuriated with reports that third-worlders from North Africa had attacked an elderly pensioner.
Walid Habbal, coordinator of the Islamic Commission of Murcia, told New Arab that Vox’s move “is a step backwards. It has left the Muslim community in shock. We don’t see it just as a political attack, but as a lack of respect.”
The broader issue here is that failed globalist open border policies from crazed leftists in Brussels are driving increasing odds for civil conflict as some of these migrants fail to assimilate and upend lives for natives.
END
GERMANY ISRAEL
Germany Halts Arms Exports To Israel As World Reacts To Gaza Conquest Plan
Saturday, Aug 09, 2025 – 07:35 AM
Netanyahu’s security cabinet has approved a plan to takeover the whole of the Gaza Strip, including intense operations in Gaza city, resulting in outrage among some European capitals, who see this as doubling down on the carnage which has left over 60,000 Palestinians dead, based on Gaza health sources.
Germany has announced itself as the latest European nation to suspend its arms exports to Israel, noting that these could be used in human rights violations and potential war crimes in the Gaza Strip. Berlin backs the anti-Hamas fight, however.
Chancellor Friedrich Merz made clear as Israel’s military is poised to take over Gaza city his government will not approve or transfer any exports of military equipment to Israel that could be used in Gaza until further notice.
Merz says it was “increasingly difficult to understand” how the Israeli military plan could achieve its war aims in a legitimate way, adding:
“Under these circumstances, the German government will not authorise any exports of military equipment that could be used in the Gaza Strip until further notice.”
The German arms industry has historically been among the globe’s largest arms suppliers to Israel. Of course, the US has long been far and away the biggist supplier of arms, and under Trump this doesn’t look to cease – with Germany coming in second, according to global monitors, over the last half-decade.
“Israel has the right to defend itself against the terror of Hamas,” Merz continued in his statement. “The release of the hostages and determined negotiations on a ceasefire are our top priority. The disarmament of Hamas is essential. Hamas must not play a role in the future of Gaza.“
But apparently Merz vehemently disagress with the practical how in terms of the methods whereby this is accomplished. Global critics have said Israel is conducting ethnic cleansing and ultimately plans to annex the strip.
PM Netanyahu has sought to deflect this criticism by saying Israel will conquer the whole enclave, but that it doesn’t ultimatley want to govern it. This vaguely suggests it could be handed over to an entity like the Palestinian Authority (PA) one day, but likely this would be done (or not done at all) by a future Israeli government.
Meanwhile other major powers like China are raising the alarm over Israel’s takeover plan, with China on Friday expressing “serious concerns” over the move on Gaza City, urging it to “immediately cease its dangerous actions.”
x.com/latikambourke/status/1953780267732160827?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1953780267732160827%7Ctwgr%5Ed1490f4d23da89f7fe36b606466caf355c26ec84%7Ctwcon%5
“Gaza belongs to the Palestinian people and is an inseparable part of Palestinian territory,” a Chinese foreign ministry spokesperson told the AFP. “The correct way to ease the humanitarian crisis in Gaza and to secure the release of hostages is an immediate ceasefire.”
“A complete resolution to the Gaza conflict hinges on a ceasefire; only then can a path to de-escalation be paved and regional security ensured,” the Chinese government statement said. Beijing is “willing to work together with the international community to help end the fighting in Gaza as soon as possible,” it added.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
ISRAEL /GAZA/HEZBOLLAH/IRAN/SUMMARY OF THE LAST 24 HR
ISRAEL VS HAMAS
‘Open your eyes, Hamas lies’: Netanyahu slams int’l media for reporting false starvation claims
Prime Minister Benjamin Netanyahu held a press conference with international media to address the “campaign of lies” against the Jewish state.
Prime Minister Benjamin Netanyahu speaks to international media on the Gaza war, in Jerusalem, August 10, 2025(photo credit: CHAIM TZACH/GPO)ByJERUSALEM POST STAFFAUGUST 10, 2025 17:58Updated: AUGUST 10, 2025 18:36
The international media has been reporting “Hamas lies” on starvation in their coverage of the Israel-Hamas War, Prime Minister Benjamin Netanyahu said to the international press on Sunday.
“Contrary to false claims, our policy throughout the war has been to prevent a humanitarian crisis, while Hamas’s policy has been to create it,” the prime minister said at a press conference, the first of two scheduled for Sunday. The second press conference, addressing Israeli media, is scheduled for 8 p.m. Israel time.
On multiple occasions during his speech, Netanyahu referred to many detractors of the IDF’s operations in Gaza as “false claims,” taking issue with allegations that Israel is starving Gaza.
“Israel has let in close to two million tons of aid,” he said. “Now if we have a starvation policy, no one in Gaza would have survived two years of war.”
The prime minister claimed the IDF has taken several steps to protect Gazan civilians, but said that Hamas has violently raided aid trucks, and that the UN, being unable to distribute the aid, has caused tons of uncollected food to rot away.
To illustrate this, Netanyahu shared an image of food trucks by the Kerem Shalom crossing, and then went on to tout the efforts of the Gaza Humanitarian Fund (GHF).
Gaza starvation and fake starving children
However, he was further critical of the “campaign of lies” directed against Israel.
“Despite Hamas’s obstacles, two million people are now getting access to humanitarian aid,” Netanyahu said. “But I’ll tell you who isn’t. The only ones who are being deliberately starved in Gaza are our hostages.”
The prime minister then showed an image of Evyatar David shared by Hamas and contrasted his emaciated condition with the arm of a Hamas terrorist in the photo. “He’s eating, and he’s eating well,” Netanyahu said of the terrorist.
“The purpose of this news conference is to puncture the lies and spread the truth,” he continued, comparing the international media reporting on the war in Gaza to medieval blood libels.
The international media, Netanyahu said, has bought “hook, line, and sinker” into Hamas’s claims, forgeries, and photographs. To illustrate this, he showed examples of children shared in international media as starving children of Gaza and proceeded to debunk them. One was of Osama al-Rakab, a five-year-old with a genetic disease who received treatment in Italy after being evacuated out of Gaza by Israel. Another was Muhammad Zakariya Ayyoub, an image of whom was shared by The New York Times despite his suffering from cerebral palsy.
On the last note, Netanyahu said that he was considering filing a governmental lawsuit against The New York Times.
“It’s the kind of malignant lies that were leveled in the Middle Ages that we won’t suffer,” Netanyahu said.
He continued, “I hope you open your eyes to a simple fact: Hamas lies.”
END
Civil administration to replace Hamas rule in post-war Gaza, Netanyahu says
The prime minister said that discussions are underway to develop “creative ways” to free the remaining hostages in Gaza while the military closes in on Hamas.
Prime Minister Benjamin Netanyahu speaks to international media on the Gaza war, in Jerusalem, August 10, 2025(photo credit: CHAIM TZACH/GPO)ByJERUSALEM POST STAFFAUGUST 10, 2025 16:39Updated: AUGUST 10, 2025 18:36
The day-after plan for the Gaza Strip will include Israel maintaining overriding security responsibility, and the establishment of a civilian administration, Prime Minister Benjamin Netanyahu said in the first of two press conferences on Sunday.
He did not elaborate on the role of the civilian administration or what Israel’s security responsibilities would entail.
These press conferences come amid Israeli and international criticism of the Security Cabinet’s decision to approve a widened operation in Gaza City.
Gaza will be demilitarized and a security zone will be established on Israel’s border, the prime minister also said.
Netanyahu and his war cabinet have received criticism for not providing a day-after plan in Gaza for after the war.
The prime minister said that discussions are underway to develop “creative ways” to free the remaining hostages in Gaza while the military closes in on Hamas.
Netanyahu also stressed the importance of implementing a new education system in the Strip that does not radicalize its citizens to seek the destruction of Israel. The civilian administration would be one “that doesn’t educate its children for terror, doesn’t pay terrorists, and doesn’t launch terror attacks against Israel.”
Hamas still has thousands of armed terrorists in Gaza
Netanyahu justified the new IDF operation in Gaza City, citing Hamas’s refusal to lay down its arms. “Israel has no choice but to complete the job and defeat Hamas,” Netanyahu said.
The truth is that Hamas still has thousands of armed terrorists in Gaza and has vowed to repeat October 7, Netanyahu said.
Hamas has subjugated its citizens, and as a result, its residents have, according to the prime minister, begged Israel and the world to free them from Hamas’s rule.
The new Gaza offensive aims to tackle two remaining Hamas strongholds, Netanyahu said, including Gaza City. He added that he expects the offensive to conclude “fairly quickly.”
Netanyahu stressed that the government, contrary to “false claims” in the media, is working to prevent the humanitarian crisis in the war zone. “Israel has allowed in over 200 million tons of aid.”
Israel has had the exact opposite of a starvation policy in Gaza, he emphasized. He blamed the UN’s unwillingness to deliver humanitarian aid that is sitting on the Gaza side of the border for the humanitarian crisis in Gaza.
Netanyahu slammed international media, blaming them for maligning the Jewish people and the Jewish state, similar to how the Jewish people were vilified in the Middle Ages and during the Holocaust.
He showed reporters a collection of photos of alleged starving children in Gaza, who he said all had pre-existing conditions that made it difficult for them to digest nutrients.
He highlighted a photo of captive Evyatar David, who, he said, was being deliberately starved by Hamas.
It is disappointing that the global media and a large portion of the world have bought Hamas’s lies that Israel is committing genocide against Palestinians, Netanyahu concluded.
END
ISRAEL VS HAMAS
WATCH: Hamas misled Israel in hostage negotiations, Netanyahu admits in second press conf.
This press conference came following criticism from both Israel’s right and left, which are both against his plan to occupy Gaza City.
Prime Minister Benjamin Netanyahu speaks to international media on the Gaza war, in Jerusalem, August 10, 2025(photo credit: CHAIM TZACH/GPO)ByAMICHAI STEIN, JERUSALEM POST STAFFAUGUST 10, 2025 20:19Updated: AUGUST 10, 2025 21:11
Hamas misled Israel in hostage negotiations, Prime Minister Benjamin Netanyahu admitted during his second press conference on Sunday in Hebrew.
Hamas demanded the release of Nukhba terrorists, demanded binding international guarantees not to return to fighting, and demanded Israel’s withdrawal from the Strip, including from the Philadelphi Corridor. The prime minister argued that no government would accept such a deal.
Netanyahu refused to answer The Jerusalem Post twice when he was asked if he would accept a partial hostage deal. “They are going to release the 20 hostages. We talked about a partial deal, and it didn’t happen. They want to release everyone, and we did,” he responded.
In response to the Post‘s question about whether it makes sense for the IDF’s chief of staff to command an operation he doesn’t believe in, he said he is not willing to accept the assumption from which the question stems.
“A commander in the army is highly respected. I was a commander in Sayeret Matkal. I expressed reservations, and commanders made the decisions,” the prime minister answered. “The same thing happens today – thank God we’ve been through a lot. I approve and encourage the military, its leadership, and all heads of security branches to express their opinions, and sometimes I am persuaded. What I decide is carried out.”
The prime minister noted that the cabinet discussed an alternative plan that would see the IDF standing by and surrounding the remaining Hamas strongholds and carrying out raids, but an absolute majority of cabinet members agreed that this tactic would not return any hostages.
This press conference came following criticism from both Israel’s right and left, who are both against his plan to occupy Gaza City, which he announced on Friday.
Hostage families decry day-after outline
In response to Netanyahu’s repeated outline of the day-after plan at the beginning, as he did in his earlier press conference, the hostage families called the day-after outline an additional spin, saying that they are just “blowing sand in the eyes of the public.
“These are unrealistic conditions that, in practice, mean sacrificing the hostages in captivity and risking the lives of IDF soldiers for no reason.”
“The only way to return the hostages is to defeat Hamas,” Netanyahu argued.
“Eliminating Hamas is a condition for Israel’s security and our future,” he said. “We cannot leave the perpetrators of the massacre to their own devices,” he said, explaining why he is determined to end the war only when Israel is victorious, and as quickly as possible.
Netanyahu said that Israel is at a historic crossroads in the Middle East. “We said we would change the face of the Middle East, and that is what we are doing,” he said. He referenced the 12-Day War, Israel’s pummeling of Hezbollah, and the fall of the Assad regime in Syria.
“All of this was done despite enormous pressure, both domestic and foreign, to stop the war – pressure [that existed] even before we entered Rafah,” he concluded.
This is a developing story.
END
ISRAEL VS HAMAS
Graham To Israel: ‘Enough Already, Destroy Hamas’ – Just As The US Did To Germany & Japan
Monday, Aug 11, 2025 – 10:00 AM
As the Israel Defense Forces (IDF) are underway with an expanded assault on Gaza City, after Prime Minister Netanyahu has given the greenlight for the conquest of all of the strip, US Senator from South Carolina Lindsey Graham has called on Israel to finish the job, saying the Palestinian militant group must be “annihilated”.
“I can’t believe there’s even a debate about how to conduct a war against those who aim to wipe out the Israeli people,” Graham said during an appearance on CBS News’ Meet the Press.
He added, “Israel will take Gaza by force, unless the hostages are freed.” Graham further responded to questions about Gaza’s future by saying the Palestinian enclave should be rebuilt in a manner similar to how the US helped reconstruct Germany and Japan after World War II. Some hardline Israeli ministers have been calling for Palestinians to be liquidated from the Gaza Strip.
Graham’s words suggests possible agreement. “Enough already. Destroy Hamas. Do to Hamas what we did to the Germans and the Japanese during World War II. Annihilate them and rebuild the Palestinian society like we did with Germany and Japan. I think we can do that,” the hawkish senator said.
He floated that Saudi Arabia will be an ultimate decider in terms of the Palestinian plight in a post-war future.
“Eventually the Arabs will take over. The future of Palestine runs through Riyadh. The future of the Mideast runs through Riyadh. I envision after the defeat of Hamas that normalization will be back on the table between Saudi Arabia and Israel, and the Palestinians will benefit from that discussion, as well as the Israelis,” he described, which means he has high hopes for Saudi-Israeli normaliation through the Trump-backed Abraham Accords.
Graham has previously called Hamas “religious Nazis” who ultimately can’t be negotiated with. Watch a portion of his latest Meet the Press appearance below.
Graham To Israel: ‘Enough Already, Destroy Hamas’ – Just As The US Did To Germany & Japan
Monday, Aug 11, 2025 – 10:00 AM
As the Israel Defense Forces (IDF) are underway with an expanded assault on Gaza City, after Prime Minister Netanyahu has given the greenlight for the conquest of all of the strip, US Senator from South Carolina Lindsey Graham has called on Israel to finish the job, saying the Palestinian militant group must be “annihilated”.
“I can’t believe there’s even a debate about how to conduct a war against those who aim to wipe out the Israeli people,” Graham said during an appearance on CBS News’ Meet the Press.
He added, “Israel will take Gaza by force, unless the hostages are freed.” Graham further responded to questions about Gaza’s future by saying the Palestinian enclave should be rebuilt in a manner similar to how the US helped reconstruct Germany and Japan after World War II. Some hardline Israeli ministers have been calling for Palestinians to be liquidated from the Gaza Strip.
Graham’s words suggests possible agreement. “Enough already. Destroy Hamas. Do to Hamas what we did to the Germans and the Japanese during World War II. Annihilate them and rebuild the Palestinian society like we did with Germany and Japan. I think we can do that,” the hawkish senator said.
He floated that Saudi Arabia will be an ultimate decider in terms of the Palestinian plight in a post-war future.
“Eventually the Arabs will take over. The future of Palestine runs through Riyadh. The future of the Mideast runs through Riyadh. I envision after the defeat of Hamas that normalization will be back on the table between Saudi Arabia and Israel, and the Palestinians will benefit from that discussion, as well as the Israelis,” he described, which means he has high hopes for Saudi-Israeli normaliation through the Trump-backed Abraham Accords.
Graham has previously called Hamas “religious Nazis” who ultimately can’t be negotiated with. Watch a portion of his latest Meet the Press appearance below.
President Trump has also of late appeared impatient at the Gaza situation. There were early administration attempts at mediating a deal for the return of the hostages, but all parties appear to have given up on Doha-sponsored talks at this point.
Trump said last week, “I know that we are there now trying to get people fed. … As far as the rest of it, I really can’t say. That’s going to be pretty much up to Israel.” There’s been no recent White House talk of throttling weapons shipments, and it appears the status quo will go on – despite the growing international outrage at the civilian death toll.
President Trump has also of late appeared impatient at the Gaza situation. There were early administration attempts at mediating a deal for the return of the hostages, but all parties appear to have given up on Doha-sponsored talks at this point.
Trump said last week, “I know that we are there now trying to get people fed. … As far as the rest of it, I really can’t say. That’s going to be pretty much up to Israel.” There’s been no recent White House talk of throttling weapons shipments, and it appears the status quo will go on – despite the growing international outrage at the civilian death toll.
President Trump has also of late appeared impatient at the Gaza situation. There were early administration attempts at mediating a deal for the return of the hostages, but all parties appear to have given up on Doha-sponsored talks at this point.
Trump said last week, “I know that we are there now trying to get people fed. … As far as the rest of it, I really can’t say. That’s going to be pretty much up to Israel.” There’s been no recent White House talk of throttling weapons shipments, and it appears the status quo will go on – despite the growing international outrage at the civilian death toll.
END
ISRAEL VS HEZBOLLOH
US, Gulf Tie Lebanon Reconstruction Funds To Total Hezbollah Disarmament
Monday, Aug 11, 2025 – 03:30 AM
Lebanon is under pressure from the US and Gulf nations to completely disarm Hezbollah in exchange for loans and investments needed to rebuild the country following a devastating war with Israel last year, Bloomberg reported Saturday.
US President Donald Trump has presented Lebanese President Joseph Aoun and Prime Minister Nawaf Salam with recommendations for dismantling the group, according to Tom Barrack, the US envoy to the country. Barrack said the US has told Aoun it is willing to serve as an intermediary if he moves to disband Hezbollah.
At the same time, Saudi Arabia, the UAE, and Kuwait have told President Aoun and Prime Minister Salam that “funds for reconstruction and investment in Lebanon are contingent upon a timetable-bound plan to fully disarm Hezbollah,” Bloomberg wrote, citing people with direct knowledge of the matter.
US envoy Barrack also emphasized that disarming and dismantling Hezbollah, the Shia resistance movement that has defended the country from Israel for decades, is the key to unlocking Gulf funding.
“Gulf countries have said, ‘if you do these things, we will come to the south of Lebanon, and we will fund an industrial zone, renovation, and jobs,’” he said.
Much of southern Lebanon was destroyed by relentless Israeli bombing during the two-month war last fall. Prime Minister Salam has asked the Lebanese military to present a plan by the end of August to dismantle all non-state armed groups by the end of the year.
Hezbollah issued a statement on Wednesday saying it would not respect the government’s demand that it disarm. The group accused Salam of committing a “grave sin” by pursuing a “surrender strategy” amid “ongoing Israeli aggression and occupation.”
Hezbollah Secretary-General Naim Qassem said Tuesday that Hezbollah “won’t engage on disarmament just because the US or a certain Arab country is seeking and applying all the pressure it can muster.”
During a cabinet session earlier this week, Lebanese Minister of Labor Mohammad Haidar spoke against US envoy Barrack’s proposal to disarm Hezbollah. “I am one of the people – how can I face the mother of a martyr or a young man living in existential anxiety and tell him he must give up the only guarantee that protects him?” Haidar stated.
He emphasized that any discussion of Hezbollah giving up its weapons is premature without Israel’s withdrawal, the return of prisoners, an end to attacks, and a serious reconstruction process.
Despite the ceasefire reached between Israel and Hezbollah in November last year, Israel continues to occupy five positions inside Lebanon and regularly bombs Lebanese territory, killing dozens.
On Thursday, an Israeli strike targeted a vehicle in eastern Lebanon near the Masnaa border crossing with Syria, killing five people. Among the dead was Mohammed Wishah, a member of the central committee of the Popular Front for the Liberation of Palestine (PFLP) and his bodyguard.
Another drone strike the same day killed a Lebanese civilian in the town of Kfar Dan, west of Baalbek. The Israeli air force bombed 10 sites in south Lebanon the day before, according to Lebanon’s National News Agency (NNA).
SYRIA
RUSSIA VS UKRAINE
Putin Tells Trump He’ll Halt War In Exchange For Eastern Ukraine
Friday, Aug 08, 2025 – 04:15 PM
Update (1630ET): Russian President Putin has detailed his demands for a cease-fire in Ukraine. The Wall Street Journal reports that the sweeping proposal demands major territorial concessions by Kiev and a push for global recognition of its claims in exchange for a halt to the fighting.
Putin told Witkoff he would agree to a complete cease-fire if Ukraine agreed to withdraw forces from all of Ukraine’s eastern Donetsk region, according to officials briefed on the call.
Russia would then control Donetsk, Luhansk, as well as the Crimea peninsula, which it seized in 2014 and wants recognized as sovereign Russian territory.
Russia now occupies most of Donetsk and Luhansk, but Ukrainian forces still control sizable chunks of territory, including key cities that are now strongholds of its defense.
European officials expressed serious reservations about the proposal
* * *
As we detailed earlier, Bloomberg is reporting, according to people familiar with the matter, that Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia’s occupation of territory seized during its military invasion.
US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week, the people said, speaking on condition of anonymity to discuss private deliberations.
The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, the people said.
Putin is demanding that Ukraine cede its entire eastern Donbas area to Russia as well as Crimea, which his forces illegally annexed in 2014.
That would require Ukrainian President Volodymyr Zelenskiy to order a withdrawal of troops from parts of the Luhansk and Donetsk regions still held by Kyiv, handing Russia a victory that its army couldn’t achieve militarily since the start of the full-scale invasion in February 2022.
Such an outcome would represent a major win for Putin, who has long sought direct negotiations with the US on terms for ending the war that he started, sidelining Ukraine and its European allies.
What are the odds Zelensky goes for this deal… and will Europe back it?
Zelenskiy risks being presented with a take-it-or-leave-it deal to accept the loss of Ukrainian territory, while Europe fears it would be left to monitor a ceasefire as Putin rebuilds his forces.
Russia would halt its offensive in the Kherson and Zaporizhzhia regions of Ukraine along the current battlelines as part of the deal, the people said. They cautioned that the terms and plans of the accord were still in flux and could still change.
Oil prices immediately tumbled on the report…
The White House didn’t reply to a request to comment.
Kremlin spokesman Dmitry Peskov didn’t immediately respond to a request to comment.
Ukraine declined to comment on the proposals.
It’s still unclear if Putin would agree to take part in a trilateral meeting with Trump and Zelenskiy next week, even if he had already struck an agreement with the US president, the people added.
The Russian leader told reporters on Thursday that he didn’t object to meeting Zelenskiy under the right conditions, though he said they don’t exist now.
ENE
RUSSIA// UKRAINE/USA
Trump–Putin Alaska Summit: Peace Talks And Power Plays On Former Russian Soil
Saturday, Aug 09, 2025 – 09:55 AM
Submitted by Thomas Kolbe
Donald Trump stays true to his line and asserts dominance over the geopolitical chessboard — symbolically as well. Following the announcement of a trade deal with the EU at his golf resort in Turnberry, Scotland, peace talks in the Ukraine conflict with Russian President Vladimir Putin are now scheduled in Alaska.
The venue of a negotiation often predefines the balance of power between opponents. In that sense, it must be read as a clear show of force that both European Commission President Ursula von der Leyen and UK Prime Minister Keir Starmer — notably without military fanfare — traveled to Trump’s private resort in Turnberry to be politically “placed” by the American president. Judging by the outcome of those talks, one conclusion is unavoidable: the European Union no longer plays in the league of the great powers. Washington’s interest in intra-European affairs has noticeably cooled, focusing essentially on two things: an orderly withdrawal from military entanglements, and the defense of US corporate interests in the EU single market.
We are witnessing a shift of power from the Atlantic to the Pacific.
Europe Losing Grip
It’s hardly a secret: China and the United States will be setting the standards of international politics in the future. Russia, the world’s most resource-rich country, may be labeled by Europeans as a pariah state and a malicious hub of all evil — but that does not change the fact that the age of postcolonial European dominance is ending, and Moscow will have no trouble playing its resource-market cards outside the shrinking European sphere of influence.
In this spirit, Russian President Vladimir Putin will travel on August 15 to “away territory” in Alaska — once part of Russia — to preliminarily negotiate peace terms in Ukraine with President Trump. Trump sees progress in the stalemated conflict and stresses that the talks will likely lead to a land-swap arrangement “to the benefit of both sides.” While the Russian government has not issued an official statement, much suggests Moscow will not return the occupied territories in Donbas, Luhansk, Zaporizhzhia, and Kherson, nor Crimea. Russia currently holds the military initiative and is increasing pressure on Ukraine and its allies to force a resolution.
To avoid overshadowing the personal meeting, the White House postponed a tariff ultimatum — originally set for August 9 — that would have imposed 100% duties on Russian goods if the war continued, pushing it back to August 27.
Alaska as a Signal
We will have to see what unfolds in the meantime and whether potential disruptions derail this cautious rapprochement once more. One recalls the much-discussed visit of former UK Prime Minister Boris Johnson, who, two months after the outbreak of war, acted as a kind of shadow diplomat to reject a Russian-proposed peace deal.
What is now on the table again — a land swap and Ukraine’s exclusion from NATO — was flatly rejected back then. Hundreds of thousands of dead and wounded later, there appears to be a renewed turn toward diplomacy in light of the bleak military situation. This time, however, it is the Americans applying pressure on the warring sides. From Europe, little is heard apart from intense rearmament efforts and a declared will to “re-militarize” the population, as the German government has repeatedly emphasized.
Diplomatic Thread to Be Picked Up
The diplomatic thread is now to be picked up again in Alaska. Until 1867, Alaska was Russian territory before the US purchased it from Tsar Alexander II for $7.2 million — after Russia’s defeat in the Crimean War left its treasury depleted. The geography here speaks volumes: Alaska lies between Russia and the US, separated only by the Bering Strait, symbolizing the direct neighborhood of two great powers that may now be entering a new phase of rapprochement in a rapidly changing world order.
For the Ukraine talks, the location signals that even deeply rooted geopolitical divides can be bridged through pragmatic agreements. At the same time, Alaska has strategic importance for the Arctic, whose trade routes and resources will likely be integrated into the future architecture of global power.
By hosting the Russian president at such a neuralgic spot, Trump fuses historical reconciliation with present-day power politics, creating a symbolic setting that suggests readiness for compromise without conceding sovereignty.
Trump’s Move
What might look like a PR coup in the headlines is in reality a move at the highest level of geopolitics. By inviting Putin onto US soil, Trump openly breaks with the prevailing doctrine of keeping Russia isolated. The ICC arrest warrant, the sanctions regime, years of carefully cultivated enemy imagery — all of it, should the meeting take place, would evaporate in significance with a single photograph.
The message: The rules the foreign-policy establishment holds as untouchable are negotiable — not carved in stone — at least if the President of the United States decides so.
Behind closed doors, the focus will likely be on redrawing spheres of influence: a possible Ukraine endgame in exchange for Russian concessions — energy, Arctic passage, perhaps even a gradual distancing from Beijing. For Trump, the meeting offers a chance to pull Russia, perhaps through trade, into America’s geostrategic orbit. This would align with the raw-materials deal signed with Ukraine in April, granting the US exclusive access to the country’s rare earths as well as certain oil and gas reserves.
But the true test linked to this meeting lies within the inner workings of America’s power machine: Can Trump carry out such an unconventional operation without sabotage from his own security apparatus? Should he manage to launch a robust peace process, he will have proven that he has taken full control of US foreign policy strategy.
That would be a decisive blow against the neocons pushing for escalation in Ukraine — and a further step toward peace.
* * *
About the author: Thomas Kolbe is a German graduate economist who has worked as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.
END
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
Fermented Stevia Extract Kills Pancreatic Cancer Cells In Lab Tests
Saturday, Aug 09, 2025 – 09:00 PM
Authored by George Citroner via The Epoch Times (emphasis ours),
Hiroshima University researchers have found that fermented stevia extract may fight pancreatic cancer without harming healthy cells—potentially making it more than just a zero-calorie sugar substitute.
Pancreatic cancer shows significant resistance to existing treatments like surgery, chemotherapy, and radiation.
“Globally, the incidence and mortality rates of pancreatic cancer continue to rise, with a five-year survival rate of less than 10 percent,” study coauthor Narandalai Danshiitsoodol, associate professor at Hiroshima University, said in a press statement.
There’s a growing need to find new, effective cancer-fighting compounds—especially those that come from medicinal plants, said Danshiitsoodol.
Fermentation Unlocks Cancer-Fighting Power
The study, recently published in the International Journal of Molecular Sciences, found that when stevia is fermented with a probiotic, the resulting extract kills pancreatic cancer cells while sparing healthy kidney cells. The fermented extract inhibited cancer growth but did not harm normal cells.
The research team fermented stevia leaf extract using the probiotic Lactobacillus plantarum SN13T, a beneficial bacterium commonly found in fermented foods like sauerkraut, pickles, and kimchi. The researchers noted that fermenting the extract with bacteria can change its structure and produce beneficial compounds called bioactive metabolites.
“To enhance the pharmacological efficacy of natural plant extracts, microbial biotransformation has emerged as an effective strategy,” Masanori Sugiyama, a professor of microbiology and biotechnology and coauthor of the study, said in a press statement.
Sugiyama’s lab has studied more than 1,200 strains of bacteria from fruits, vegetables, flowers, and medicinal plants, evaluating their health benefits.
The results showed that the fermented stevia leaf extract (FSLE) was more effective at killing cancer cells than the nonfermented version.
Sugiyama said that FSLE was also less harmful to the HEK-293 cells, which are human kidney cells used in the study. Even at the highest dose tested, FSLE caused minimal damage to these cells.
This is important because conventional chemotherapy, such as cisplatin, can damage the kidneys—especially the left one, which is adjacent to the pancreas.
Key Anticancer Agent Identified
Further analysis identified a compound called chlorogenic acid methyl ester (CAME) as the key anticancer agent. Fermentation reduced the amount of chlorogenic acid—a precursor to CAME—in the extract by sixfold, a change caused by bacterial enzymes, according to Danshiitsoodol.
“This microbial transformation was likely due to specific enzymes in the bacteria strain used,” she said.
CAME was found to stop cancer cells from multiplying, trigger them to self-destruct, and change the expression of key genes so that cells are more likely to die.
The experiments were conducted on cancer cells grown in laboratory dishes—not in living organisms. The researchers plan to conduct tests in mice to better understand how different doses of the fermented extract affect the entire body.
They emphasized that their results help explain how probiotic bacteria can boost the anticancer effects of herbal medicines. Danshiitsoodol noted that the study significantly advances understanding of how the Lactobacillus plantarum SN13T strain works in fermenting herbal extracts, and it also offers insight into using probiotics as natural antitumor agents.
Stevia Safety and Benefits
Dr. Joseph Mercola, a board-certified family medicine physician not involved in the study, called the research “a powerful reminder” that plants like stevia offer more than just sweetness—they may deliver compounds that support long-term health.
Mercola noted that stevia extract is a “far healthier” alternative to artificial sweeteners like aspartame, sucralose, or saccharin. “Unlike synthetic options that can disrupt gut bacteria or trigger metabolic changes, pure stevia extract—which has a glycemic index close to zero—has minimal to no impact on your blood sugar or insulin,” he added.
However, he cautioned that sweeteners blended with stevia—such as those containing dextrose or maltodextrin—can raise blood sugar if taken in large amounts.
END
ROBERT H TO US”
9 studies vaxxed vs. unvaxxed, all published in the peer-reviewed literature, show vaccinated are worse off in every measure
Cheers
Robert
END
ROBERT H
Russia’s First Cancer Vaccine is Ready | The Global Race for Cancer Cure | GRAVITAS – YouTube
https://www.youtube.com/watch?v=T7K3lPQCJs0
Enraged Over Purported COVID Vax Injury, Gunman Attacks CDC, Kills Cop
Saturday, Aug 09, 2025 – 11:05 AM
A police officer is dead after a surgical-mask-wearing gunman riddled the Atlanta headquarters of the Centers for Disease Control and Prevention with bullets. His parents think it was an act of revenge, saying their son believed he had an illness caused by the controversial Covid-19 vaccine. The attack ended with the shooter’s own death, but it’s unclear at this point if his mortal wound was self-inflicted.
“The CDC campus did receive multiple rounds into their buildings,” Atlanta Police Chief Darin Schierbaum told reporters. CDC Director Susan Monarez said four buildings were hit. As this is written, the name of the white, male shooter has not been released by authorities. He was armed with two handguns, a rifle and a shotgun, and a law enforcement official on the scene told CNN he was wearing what appeared to be a surgical mask like those the CDC pushed for all men, women and children to wear during the Covid-19 pandemic, despite well-informed doubts about their efficacy and concerns about ill effects. He was also wearing ear protection.
Atlanta Mayor Andre Dickens made cryptic allusions to the question of motive, telling reporters, “[The shooter] is a known person that may have some interest in certain things that I can’t reiterate right now.” However, according to CNN’s police sources, the shooter’s father had called the police prior to the shooting — earlier on Friday — to report that his son was suicidal. Family members also told investigators that the shooter was either physically ill or at least believed he was physically ill, and he was convinced that his malady resulted from receiving the Covid-19 vaccine.
Police began receiving reports of a shooter immediately in front of the CDC campus at 4:50 pm. A CDC alert informed employees of an “active shooter” and instructed them to “RUN, HIDE FIGHT.” Responding officers found the fallen officer and extracted him from the scene. As they did, gunfire could be heard inside a building across the street from the CDC, that houses a CVS pharmacy on the campus of Emory University. Police entered the building and found the dead shooter on the second floor.
It appears the shooter never entered the CDC buildings, choosing only to shooting at them from below. Many vehicles were shot as well. Beyond the fatal shooting of the officer, no other people were shot, though four went to a hospital to be treated for stress and anxiety symptoms. CDC employees posted photos of bullet-shattered windows, and bystanders also shared videos that recorded the sound of abundant gunfire.
DeKalb County police officer David Rose, a Marine Corps veteran who graduated from the police academy in March, died in Friday’s attack, leaving behind a pregnant wife and two children. Police haven’t yet determined why he happened to be on or near the scene when the attack erupted.
The apparently vaccine-related attack came in the same week that Health Secretary Robert F. Kennedy, Jr announced he was killling a half-billion-dollars in funding for development of mRNA vaccines, such as those developed by Pfizer and Moderna for Covid-19. Kennedy said “mRNA technology poses more risks than benefits for these respiratory viruses” that the mRNA vaccines are meant to contain. Under Kennedy’s leadership, the CDC retracted its recommendation for universal Covid-19 immunizations for healthy children through age 17, and healthy pregnant women.
While it wouldn’t have helped the CDC shooter, Kennedy in July announced he going to overhaul the National Vaccine Injury Compensation Program, in collaboration with Attorney General Pam Bondi and the Department of Health and Human Services. The VICP is focused on compensating children who are harmed by vaccines for which manufacturers enjoy immunity from lawsuits under the 1986 Vaccine Act. Kennedy explained:
“Under the VICP, vaccine victims can petition for compensation to the so-called ‘Vaccine Court,’ which pays out awards from a trust fund endowed by a 75-cent surcharge on every vaccine. Congress intended that injured children be compensated “quickly and fairly” for injuries, “either presumed or proven to be causally connected to vaccines,” with doubts about causation resolved in favor of the victim…
The VICP no longer functions to achieve its Congressional intent. Instead, the VICP has devolved into a morass of inefficiency, favoritism, and outright corruption as government lawyers and the Special Masters who serve as Vaccine Court judges prioritize the solvency of the HHS Trust Fund, over their duty to compensate victims.
The structure itself hobbles claimants. The defendant is HHS, not the vaccine makers; and claimants are therefore facing the monumental power and bottomless pockets of the U.S. government…There is no discovery, and the rules of evidence do not apply. The government lawyers do not allow children’s attorneys access to the Vaccine Safety Datalink, a taxpayer-funded CDC surveillance system that houses the best data on vaccine injuries…
The VICP routinely dismisses meritorious cases outright or drags them out for years. Instead of ‘quickly and fairly’ awarding compensation, Special Masters dismiss over half of the cases. Most of those that proceed typically take 5+ years to resolve.”
In June, Kennedy fired all 17 members of a panel of supposed “experts” that advises the CDC on vaccination policy, saying it was “plagued by persistent conflicts of interest and [had] become little more than a rubber stamp for any vaccine,” and that “the problem is their immersion in a system of industry-aligned incentives and paradigms that enforce a narrow pro-industry orthodoxy.”
The American public’s confidence in Covid vaccinations continues to erode. According to a July survey, 59% of U.S. adults say they will either “definitely not” or “probably not” receive a vaccine this fall, with just 21% saying they definitely will. Many also have a dim view of federal health agencies: Only 42% believe they make decisions based on a sound scientific basis, and only 37% confident they operate free of corrupting outside influences.
END
REASON: EASY LACK OF IMMUNITY
COVID-19 Activity Increases Across US, Mostly On West Coast: CDC
Monday, Aug 11, 2025 – 11:50 AM
Authored by Jack Phillips via The Epoch Times (emphasis ours),
COVID-19 levels are rising in the United States, with the highest numbers occurring along the West Coast, according to new data published by the Centers for Disease Control and Prevention (CDC).
On Aug. 8, the CDC stated that the national wastewater viral activity for COVID-19 increased from “low” to “moderate” from the previous week, according to an Epoch Times review. The region with the highest number of cases is the western United States, it stated.
“Wastewater monitoring can detect viruses spreading from one person to another within a community earlier than clinical testing and before people who are sick go to their doctor or hospital,” the CDC says on its website. “If you see increased wastewater viral activity levels, it might indicate that there is a higher risk of infection.”
Louisiana and Hawaii reported a very high number of cases, according to the CDC’s map. States reporting a high number of cases were California, Alaska, Nevada, Utah, Colorado, Texas, Indiana, Mississippi, Alabama, Florida, and South Carolina.
In contrast to the CDC’s wastewater-based estimates, a separate update based on laboratory results and released on Aug. 8 shows that COVID-19 is currently at “low” levels in the United States but is “increasing.”
“COVID-19 laboratory percent positivity is increasing nationally,” the CDC stated. “Emergency department visits for COVID-19 are increasing among all ages. COVID-19 wastewater activity levels and model-based epidemic trends indicate that COVID-19 infections are growing or likely growing in most states.”
However, overall respiratory illness levels can be considered “very low” across the United States, according to the CDC. That includes influenza, considered “low,” and RSV, which is “very low,” according to the agency.
The CDC has not updated its COVID-19 variant estimates since mid-June. The CDC stated on its website that because of “low numbers of sequences being reported,” the agency is now moving to “longer reporting periods” for the various variants.
But in the last update, it noted that there were growing proportions of variants such as NB.1.8.1 and XFG, which were both declared “variants under monitoring” by the World Health Organization (WHO) in May and June, respectively.
“The available evidence on NB.1.8.1 does not suggest additional public health risks relative to the other currently circulating Omicron descendent lineages,” the WHO stated about the NB.1.8.1 strain.
The United Nations health body issued a similar statement about the XFG variant in June.
The NB.1.8.1 appears to have been driving a rise in cases across mainland China since earlier this year. However, because of the Chinese Communist Party’s history of blocking access to information and publishing inaccurate data, including underreporting COVID-19 infections and related deaths since 2020, it is difficult to assess the true scale of the current outbreak.
The updates come as Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. has changed the COVID-19 vaccine policy since the Trump administration took over earlier this year.
Last month, the HHS dismissed all 17 members of the CDC vaccine advisory panel, ordered the removal of mercury from influenza vaccines, and ended the CDC’s COVID-19 vaccine recommendations for pregnant women and healthy children.
GLOBAL ISSUES
Stagflation
ROBERT h
This is a global problem and a local one at the same time. No one is immune from this.
Recently I have noticed that the prices for everything is rising while actual economic is flat or declining. The confusion is that prices are rising masking or distorting that it cots more each day while incomes do not keep pace.
Whether you buy groceries or simple supplements prices are rising while there is no new real job creation or income growth. Yesterday to my chagrin, I found out that one of several air conditioners needed replacement. The cost is 40% more than the one replaced 3 years ago and this one is half the size. What is interesting is the company who will be installing the unit told me that they are worried across the board because costs are rising faster than the ability of people to pay. And people are putting off such expenses. It was surprising to hear the salesperson actually suggest that replacement could be put off until next year, as summer will soon end. When i asked would it be cheaper, the answer was no. It likely will be 10% higher. But that is tomorrow’s problem. However, I question future availability.
This is occurring in real time around the world apart from the insanity of war mongering. If anything not only will prices continue to rise, the availability of everything will be affected. As at some point production will meet demand which is lessened by price increases until a new equilibrium is reached. And that point may well be not far off as chaos and war mongering prevails.
At some point this will lead to social strive that will collapse dis functional governments leading to new order. And it would not be surprising to see moribund government debt or even outright currency collapse. This time around it just maybe that no country is exempt.
END
MARK CRISPIN MILLER
DR PAUL ALEXANDER
NEWS ADDICTS
| LATEST REPORTS FOR NEWS JUNKIESMontana Mass Shooting Suspect Captured After Weeklong ManhuntAfter a week on the run, Michael Paul Brown, 45, was captured Friday in Anaconda, Montana, ending the largest manhunt the state has seen in a decade.The ShootingOn August 1, 2025, at approximately 10:30 a.m., Brown entered The Owl Bar, where he lived next door, and opened fire with a rifle — killing:Nancy Lauretta Kelley, 64 – bartenderDaniel Edwin Baillie, …READ THE FULL REPORTDOJ Launches Grand Jury Probe Into NY AG Letitia JamesThe Department of Justice has convened a grand jury to investigate New York Attorney General Letitia James, marking a sharp escalation in President Donald Trump’s ongoing battle with the Democrat prosecutor who has spent years targeting him.The probe, based in Albany, is focused on potential deprivation of rights violations, two sources told Fox News Digital. This week, James’s office received …READ THE FULL REPORTTrump Greenlights Military Force to Take Down Drug CartelsPresident Donald Trump has signed a directive ordering the Pentagon to launch military operations against Latin American drug cartels officially designated as foreign terrorist organizations by his administration, according to The New York Times.The order gives the U.S. military legal authority to conduct anti-cartel missions in foreign countries, with plans already being drafted to target specific groups.Cartels Named as Terrorist …READ THE FULL REPORTAppeals Court Overturns Boasberg’s Trump Contempt RulingThe U.S. Court of Appeals for the D.C. Circuit handed President Donald Trump a legal victory Friday, ruling 2-1 that U.S. District Judge James Boasberg cannot move forward with possible criminal contempt proceedings against the administration.The case stems from Boasberg’s March order blocking the administration from using the 1798 Alien Enemies Act to summarily deport hundreds of Venezuelan migrants to …READ THE FULL REPORTJames Carville Apologizes and Removes Video Tying Melania to EpsteinDemocrat strategist James Carville has been forced into an embarrassing public apology after First Lady Melania Trump’s attorneys threatened legal action over a false and defamatory claim linking her to Jeffrey Epstein.On his Politics War Room podcast, Carville admitted receiving a letter from Melania’s lawyer over a YouTube video titled “The Epstein Connection: TRUMP & MELANIA” — which featured an …READ THE FULL REPORT |
NEWSWIZE
| LATEST NEWS |
| Trump Admin Drops Explosive Federal OrderIn a decisive move to undo pandemic-era mandates, the Trump administration has directed all federal agencies to permanently delete employee COVID-19 vaccination records and exemption requests unless workers choose to keep them.The directive, issued Friday by the U.S. Office of Personnel Management (OPM), gives agencies 90 days to erase this sensitive information from personnel files.The order is part of a …READ MORE |
| ‘ICE Barbie’ Slams South Park Over Viral EpisodeSecretary of Homeland Security Kristi Noem fired back at the creators of South Park after the show depicted her as a Botox-obsessed dog killer in its latest season.The satirical jab came in the second episode, where Noem was shown shooting dogs while her face sagged due to excessive wrinkle treatment.Speaking to conservative commentator Glenn Beck on his podcast, Noem called …READ MORE |
| Bombshell Trump Prosecution News EruptsIn an explosive twist, William Barr, former U.S. attorney general under President Donald Trump, reportedly joined forces with Democratic prosecutor Fani Willis in a secretive bid to stop Trump from returning to the White House.Whistleblower Patrícia Lélis, who worked closely with media figure Armstrong Williams, claims to have attended dozens of private meetings where Barr, Willis, and others plotted legal …READ MORE |
| Trump Reveals Defiant Move Against Notorious CartelsPresident Donald Trump has quietly taken one of his most aggressive steps yet against Latin American drug cartels by authorizing the U.S. military to use force against cartels classified as foreign terrorist organizations, according to sources close to the White House.This classified order grants U.S. forces the authority to engage cartel operations both on land and at sea, marking a …READ MORE |
| Trump Scores Astounding Court Victory in Huge CaseA U.S. appeals court dealt a significant win to President Donald Trump’s administration on Friday by blocking contempt proceedings ordered by U.S. District Judge James Boasberg.The 2-1 ruling came from the U.S. Court of Appeals for the D.C. Circuit and halts efforts to hold the administration in contempt over its handling of Venezuelan migrant deportations.Judges Gregory Katsas and Neomi Rao, …READ MORE |
EVOL NEWS
| LATEST NEWS: |
| Detroit Lions player conscious after being taken off field in an ambulance during preseason game – EVOL |
| Read more… |
MICHAEL EVERY/OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL /ENERGY ISSUES/WORLD WIDE
BALTIMORE (AGAIN)
“Prepare Now”: Substation Failure Puts Baltimore At Risk Of “Widespread” Blackout
Monday, Aug 11, 2025 – 03:35 PM
Over a million residents across central Maryland, particularly in the Baltimore metro, were warned moments ago by the local utility that a substation failure linked to a major power plant could trigger widespread blackouts this afternoon. The alert comes barely a week after President Trump handed Maryland Governor Wes Moore and the Democratic Party in Annapolis a political lifeline to prevent power blackouts, underscoring the fragility of the state’s power grid under the weight of failed Democrat-driven green energy policies.
Baltimore Gas and Electric (BGE) has asked all 1.3 million of its electric customers in central Maryland “to conserve electricity to reduce the potential for widespread outages this afternoon and evening, due to a power plant experiencing an unplanned disconnection from the BGE electric system.“
The Maryland Freedom Caucus reports that a substation linked to the Brandon Shores Power Plant experienced a failure earlier today, which could leave the supply insufficient when demand peaks later. As a result, Baltimore City and surrounding areas may face rolling blackouts this afternoon.
The Maryland Freedom Caucus blamed what it called “irresponsible Democrats” and their “failed green energy policies” for the crisis.
The Maryland Freedom Caucus urges residents in affected areas to take precautions to limit the impact of any outages. But make no mistake—this crisis is the direct result of radical, extremist energy policies from Maryland Democrats and Governor Wes Moore, which are driving reliable power plants toward closure and leaving our grid on the brink. This situation has the real possibility of being a regular occurrence if we do not change course.
We renew our call to Governor Moore to stop relying on federal bailouts and use his executive authority to protect Maryland’s energy future:
- Keep our existing plants open and reopen recently closed facilities
- End the Green Energy Scam mandates strangling our economy
- Eliminate the EmPOWER surcharge that drains ratepayers without cooling their homes
- Immediately add nuclear to Maryland’s Tier 1 energy options.
Last week, U.S. Energy Secretary Chris Wright granted Democrats in the state a massive political lifeline to prevent rolling blackouts by granting a 90-day emergency waiver allowing the H.A. Wagner power plant to exceed pollution limits to avoid rolling blackouts in the Baltimore metro area.
We no longer need to explain how Maryland is becoming the epicenter of the Democratic Party’s imploding policies – all on display for the nation to see, especially on the green issue.
- “Another Reason To Leave”: Top Maryland Power Official Warns Of Regular Rolling Blackouts
- Maryland Democrats Scramble As Green Energy Agenda Sparks Power Bill Hyperinflation
- Democrats Spark “Manufactured Power Crisis” In Maryland As Left Begins To Panic
- “You’re Welcome”: Pennsylvania Boasts About Saving ‘Green’ Maryland From Near Power Grid Collapse
- Far-Left Panic: Dark Money NGO Floods Baltimore Airwaves With Propaganda To Save Governor
- Trump Admin Throws Maryland Democrats A Lifeline To Halt Power Blackout Threat After Green Policies Backfire
Meanwhile, failed green policies and increasing baseload power demand, driven by data centers, EVs, and other electrification trends, have created a perfect storm of hyperinflated power bills for residents.
Power CPI in U.S…
Any blackout today would be disastrous, not just for Gov. Moore, who is being groomed for 2028, but also for Democrats, as their green energy agenda short-circuits with failures.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
AZERBAIJAN/ARMENIA/USA
Trump-Brokered Armenia–Azerbaijan Peace Deal Secures US Trade Route
Saturday, Aug 09, 2025 – 07:00 AM
Authored by Emel Akan via The Epoch Times,
President Donald Trump will host the leaders of Armenia and Azerbaijan on Aug. 8 at the White House to sign a joint declaration ending four decades of hostility between the two nations.
The accord also launches the “Trump Route,” a new transport corridor aimed at unlocking the region’s commercial potential, the White House said.
During the meeting, the two countries will sign a joint declaration formalizing the agreement and establishing the “Trump Route for International Peace and Prosperity,” or TRIPP, White House spokesperson Anna Kelly told reporters during a call previewing the meeting.
“By locking in this path to peace, we are unlocking the great potential of the South Caucasus region in trade, transit, and energy flows,” Kelly said.
Trump will also sign bilateral agreements with both countries that “span energy, technology, economic cooperation, border security, infrastructure, and trade,” she added.
The new route will be a multimodal transit corridor linking mainland Azerbaijan and its Nakhchivan Autonomous Republic, enhancing regional trade routes.
The new route will allow goods to be moved from not just the Caucasus but also Central Asia without transiting through Russia, Iran, or China, according to the White House.
“What President Trump has done is he’s taken the politics out of the picture and made common sense prevail,” a senior White House official said during the call.
“What this will do for American businesses, and frankly, for energy resources across Europe, will be enormously powerful.
“The losers here are China, Russia, and Iran. The winners here are the West.”
Azerbaijan has long sought a transport corridor through Armenia to connect its main territory with Nakhchivan bordering Turkey. Under the agreement to be signed on Friday, Armenia will grant the United States exclusive long-term development rights to build a route through the southern part of Armenia.
The U.S. government plans to delegate the project to a consortium to handle both infrastructure and management.
The official said that Trump is going to sign on Aug. 8 a directive to “set up a TRIPP negotiating team” with talks expected to start “in the middle of next week.”
The official noted that since the announcement yesterday morning, they had received calls from nine potential operators, including three American companies.
“We’re going to get everybody around the table. We’re going to find the most first-class operating system,” the official said.
In a Truth Social post on Aug. 7, Trump announced that he’d be hosting Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan for a “Historic Peace Summit” at the White House on Friday.
“These two Nations have been at War for many years, resulting in the deaths of thousands of people. Many Leaders have tried to end the War, with no success, until now,” Trump said, adding that his administration has been “engaged with both sides for quite some time.”
The two nations have engaged in cross-border conflicts since the late 1980s.
Early this year, U.S. Special Envoy to the Middle East Steve Witkoff traveled to Azerbaijan and met with Aliyev. From February through mid-April, U.S. officials expressed significant concern about the potential for renewed hostilities between Azerbaijan and Armenia.
Following Witkoff’s trip, a U.S. team conducted a series of five additional visits to the region, traveling between Azerbaijan and Armenia.
During the meeting, the countries will also sign a joint letter officially requesting the Organization for Security and Co-operation in Europe, or OSCE, to dissolve the “no longer relevant Minsk Group,” according to the White House.
The group, co-chaired by France, Russia, and the United States, was created in 1992 to find a peaceful solution to the Nagorno–Karabakh conflict.
END
The TRIPP Corridor Threatens To Undermine Russia’s Broader Regional Position
Saturday, Aug 09, 2025 – 11:20 PM
Authored by Andrew Korybko via Substack,
Armenia might defect from the CSTO while Turkish and NATO influence could surge all along Russia’s southern periphery, which might embolden Azerbaijan and Turkmenistan to defy Iran and Russia by building the Trans-Caspian Gas Pipeline if the West promises them Ukrainian-like military support…
The American, Armenian, and Azerbaijani leaders jointly unveiled the “Trump Route for International Peace and Prosperity” (TRIPP) during their meeting at the White House on Friday. Previously known as the “Trump Bridge” per related media reports, it’s essentially the US replacement of the corridor that Russia envisaged in the November 2020 ceasefire that it mediated between those two rivals. Here are five background briefings about how this threatens to undermine Russia’s broader regional position:
* 1 July: “The Latest Trouble In Russian-Azerbaijani Relations Might Be Part Of A Turkish-US Powerplay”
* 2 July: “Why’d Erdogan Decide To Expand Turkiye’s Sphere Of Influence Eastwards?”
* 3 July: “Aliyev Expects To Rise To Global Stardom By Stirring Up Highly Publicized Trouble With Russia”
* 4 July: “The Kremlin Believes That ‘Certain Forces’ Want To Disrupt Russian-Azerbaijani Relations”
* 6 August: “The ‘Trump Bridge’ Could Lead To Russia’s Expulsion From The South Caucasus”
To summarize, the US’ replacement of Russia in what Azerbaijan had up until now called the Zangezur Corridor removes Moscow’s ability to monitor Turkish arms exports to Central Asia, which could turbocharge its influence among Kazakhstan and Kyrgyzstan with time.
Those two are part of the Russian-led CSTO and the Turkish-led “Organization of Turkic States” (OTS), and it’s possible that the OTS might one day assume CSTO-like security functions that lead to those two’s defection from the CSTO.
The US would encourage that as a means of completing its long-attempted encirclement of Russia.
Moreover, the thaw in Armenian-Azerbaijani and correspondingly also Armenian-Turkish tensions could justify Yerevan’s official withdrawal from the CSTO (it already suspended its membership), which could then quickly lead to it, Azerbaijan, and Kazakhstan working more closely with NATO.
The removal of US legislative restrictions on military cooperation with Azerbaijan might make this a fait accompli.
These likely outcomes – the expansion of Turkish/OTS influence into Central Asia via TRIPP, Armenia’s official defection from the CSTO, and more US-led NATO influence all along Russia’s southern periphery – would already pose a formidable enough challenge to Russia’s broader regional position.
It might get even worse though if the aforesaid scenario sequence emboldens Azerbaijan and Turkmenistan (at the US and Turkiye’s urging) to unilaterally construct the long-discussed Trans-Caspian Gas Pipeline.
The West has hitherto been unable to tap Turkmenistan’s gigantic gas reserves due to Afghanistan’s instability, the sanctions on Iran, and Iran and Russia opposing an underwater pipeline on environmental grounds (but which cynics suspect is meant to keep a major rival out of the global market).
Even so, US and Turkiye might think that Iran and Russia are weaker than ever, thus gambling that they can get them to agree under the threat of backing Azerbaijan with Ukrainian-like military support if war breaks out.
To be clear, neither Azerbaijan nor Turkmenistan has hinted at plans to violate the 2018 Caspian Sea Convention for regulating all five littoral states’ activities in this body of water, but the scenario can’t confidently be ruled out by Russian policymakers given their historic distrust of the West.
It’s unclear what they might do to preempt this latent threat to their country’s broader regional position, both the Caspian Conflict scenario and everything that could precede it, but they’re unlikely to take it lying down.
END
HAITI
Haiti Declares 3-Month State Of Emergency As Gangs Ravage Country’s Central Region
Monday, Aug 11, 2025 – 07:45 AM
The government of Haiti announced Saturday that it will implement a three-month state of emergency in the country’s central region due to gang violence.
The measure will cover Haiti’s West, Artibonite, and Center departments “to continue the fight against insecurity and respond to the agricultural and food crisis,” the government said in a statement.
We’re sure the Clintons and pal Laura Silsby could help by ‘rescuing’ 33 more Hatian children (children only) from said state of emergency.
The affected region is known as Haiti’s “rice basket,” which has seen gangs killing farmers or forcing them to abandon their fields as they raze nearby communities.
From October 2024 until the end of June 2025, over 1,000 people have been killed, over 200 injured, and 620 kidnapped in the Artibonite and Central departments and nearby areas, the Associated Press reports.
Gang violence also has displaced more than 239,000 people in Haiti’s central region, according to the U.N. In late April, dozens of people waded and swam across the country’s largest river in a desperate attempt to flee gangs.
On Friday, the government appointed a new interim director general to oversee Haiti’s National Police, which is working with Kenyan police officers leading a U.N.-backed mission to help quell gang violence.
André Jonas Vladimir Paraison replaces former police director general Normil Rameau, who was criticized for his struggle to contain violence perpetrated by gangs that control up to 90 percent of Haiti’s capital, Port-au-Prince. Rameau had repeatedly warned about the department’s severe underfunding.-AP
Paraison was previously the head of security for Haiti’s National Palace – and was on duty as a police officer when former President Jovenel Moïse was killed at his private residence in July 2021.
END
CANADA/NOVA SCOTIA
Canadians In Nova Scotia Now Banned From Using Public Forests
Sunday, Aug 10, 2025 – 10:45 PM
Tyranny is a process of acclimation. Governments test the public to see what they will quietly tolerate; leaders then turn “temporary” restrictions into permanent laws as people are conditioned to accept the new normal. Sometimes the public fights back and officials are forced to retreat. However, the tests never end and the bureaucracy continues to press year after year until it gets what it wants.
Many commentators have noticed that the Canadian government has been expediting this authoritarian process in recent years to the point that the intentions of elitist politicians can no longer be misunderstood. The mask is fully off and the country is becoming a draconian cesspool. From censorship laws, to gun bans, to carbon taxes and even legislation that turns Christian worship into “hate speech”, Canada is almost every bit as cooked as their commonwealth cousins in Britain.
Every few weeks it seems a new and oppressive mandate is enforced. This month, the province of Nova Scotia has abruptly banned nearly all civilian activity in public forests. It is illegal for Canadians to walk, hike, drive, camp (outside of official campgrounds) or fish in Nova Scotia’s woods and anyone caught without a heavily regulated permit is subject to extreme fines. Smaller parks that have woods are also restricted. The bans will continue until October 15th unless the provincial government decides to extend.
The offices for obtaining work permits have been swamped with requests and questions and citizens have been told to stop calling. At least one citizen, Canadian veteran Jeff Evely, has challenged the law and has been fined over $28,000 simply for walking into the forest.
Nova Scotia leaders have set up “snitch lines” that people can call to report their neighbors. According to Premier Tim Houston, the measures address the current climate with hot and extremely dry conditions increasing the risk of starting wildfires:
“Most wildfires are caused by human activity, so to reduce the risk, we’re keeping people out of the woods until conditions improve. I’m asking everyone to do the right thing – don’t light that campfire, stay out of the woods and protect our people and communities…”
The average high temperature in Nova Scotia in July was a mere 73°F and little has changed in August. The province also experienced heavy rains and flash flooding last month.
Keep in mind, these are public forests that the Canadian public pays exorbitant taxes to the government to maintain. The government also enforces restrictions on forest management that cause the very wildfires they say they are trying to stop. This includes a number of regulations against logging to thin overgrown woods and preventing the collection of fallen trees.
As in many parts of the US, this kind of “conservation” turns public lands into tinderboxes in times of drought. It also suggests that preventing wildfires is not the true motive behind the bans. Critics argue that the ban is practice run for a future rollout of laws related to climate controls.
The restrictions are reminiscent of the bans on outdoor activities during the pandemic lockdowns; bans that were enforced beyond all reason, logic or viral science. Numerous political leaders suggested at the time that pandemic lockdowns blocking personal travel and outdoor mobility could be extended to include “climate lockdowns”.
The scenario is also similar to globalist efforts to “re-wild” western countries by removing public access from certain areas and allowing “nature to take over” without human influence. This would, at bottom, force human beings into tighter and tighter bubbles of population that they are rarely allowed to leave. Such policies are often beta tested in smaller regions before they are expanded to include the entire nation.
Legal challenges against the bans will be ample, but the overall intent behind the restrictions is suspicious and may be a warning sign of authoritarian laws to come in Canuckistan and across the western world.
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1643 UP 0.0003 PTS OR 3 BASIS POINTS
USA/ YEN 147.59 DOWN 0.060 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 1.3458 UP .0021 OR 21 BASIS PTS
USA/CAN DOLLAR: 1.3771 UP 0.0026 (CDN DOLLAR DOWN 26 BASIS PTS)
Last night Shanghai COMPOSITE UP 12.42 PTS OR 0.34%
Hang Seng CLOSED UP 47.99 PTS OR 0.79%
AUSTRALIA CLOSED UP 0.45%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 47.99 PTS OR 0.19%
/SHANGHAI CLOSED UP 12.42 PTS OR 0.34%
AUSTRALIA BOURSE CLOSED UP 0.45 %
(Nikkei (Japan) CLOSED HOLIDAY
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 3362.90
silver:$37.96
USA dollar index early MONDAY morning: 98.11 UP 10 BASIS POINTS FROM FRIDAY’s CLOSE
MONDAY MORNING NUMBERS ENDS
And now your closing MONDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.096% UP 1 in basis point(s) yield
JAPANESE BOND YIELD: +1.482% DOWN 2 FULL POINTS AND 00/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.235 DOWN 1 in basis points yield
ITALIAN 10 YR BOND YIELD 3.512 UP 0 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.6935 UP 1 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY MONDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1620 DOWN 0.0020 OR 20 basis points
USA/Japan: 147.88 UP 0.228 OR YEN IS DOWN 23 BASIS PTS//
Great Britain 10 YR RATE 4.5680 DOWN 4 BASIS POINTS //
Canadian dollar DOWN .0036 OR 36 BASIS pts to 1.3780
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY DOWN AT 7.1850 CNY ON SHORE ..
THE USA/YUAN OFFSHORE DOWN TO 7.1926
TURKISH LIRA: 40.70 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.482
Your closing 10 yr US bond yield DOWN 2 in basis points from FRIDAY at 4.264% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.830 DOWN 2 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.760 UP 0 BASIS PTS.
GOLD AT 11;00 AM 3349.70
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: MONDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 33.98 PTS OR 0.37%
GERMAN DAX: DOWN 81.52 pts or 0.34%
FRANCE: CLOSED DOWN 44.48 pts or 0.57%
Spain IBEX CLOSED UP 31,80 pts or 0.27%
Italian MIB: CLOSED DOWN 40.25 or 0.10%
WTI Oil price 64,22 11.00 EST/
Brent Oil: 66.89 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 79.93 ROUBLE UP 0 AND 7/ 100
CDN 10 YEAR RATE: 3.372 DOWN 2 BASIS PTS.
CDN 5 YEAR RATE: 2.908 DOWN 2 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1610 DOWN 0.0030 OR 30 BASIS POINTS//
British Pound: 1.3429 DOWN .0004 OR 4 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.5640 DOWN 4 FULL BASIS PTS//
JAPAN 10 YR YIELD: 1.482 UP 0 FULL BASIS PT
USA dollar vs Japanese Yen: 148.14 UP 0.491 BASIS PTS
USA dollar vs Canadian dollar: 1.3779 UP 0.0035 BASIS PTS// CDN DOLLAR DOWN 35 BASIS PTS
West Texas intermediate oil: 64.04
Brent OIL: 66.69
USA 10 yr bond yield DOWN 1 BASIS pts to 4.278
USA 30 yr bond yield DOWN 1 PTS to 4.850%
USA 2 YR BOND: UP 1 PTS AT 3.762%
CDN 10 YR RATE 3.397 UP 2 BASIS PTS
CDN 5 YEAR RATE: 2.935 UP 2 BASIS PTS
USA dollar index: 98.37 UP 36 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 40.71 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 79.63 UP 0 AND 36/100 roubles //
GOLD $3353.20 (3:30 PM)
SILVER: 37.68 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: DOWN 199.29 OR 0.45%
NASDAQ 100 DOWN 76.54 PTS OR 0.32%
VOLATILITY INDEX: 16.07 UP 0.92 PTS OR 1.44%
GLD: $ 308.55 DOWN 4.50 PTS OR 1.44%
SLV/ $34.18 DOWN 0.70 PTS OR OR 0.20%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 30.30 PTS OR 0.11%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
‘Very Quiet’: Dollar Jumps, Gold Dumps, & Stocks Slump Ahead Of CPI
Monday, Aug 11, 2025 – 08:00 PM
Very quiet start to the week, according to Goldman Sachs trading desk, though NDX pushes to a new all-time high despite AAPL (which carried the index last week) giving back some of its gains after its best weekly performance in 5yrs. The Dow was the biggest loser with the rest of the majors drifting into the red with Nasdaq’s losses accelerating into the close (no obvious headline-driven catalyst for that late-selling) before a very late (last minute) ramp put some lipstick on this pig…
Activity levels mirrored headline velocity (not including the Trump headers on Ukraine, DC, etc.) with the SPX intraday band at just 40bps (before that late-day dump)…
Source: Bloomberg
….overall volumes tracking a touch slower than Friday and ETFs hovering below the YTD average at 27% of the tape.
Another ‘dash for trash’ day with lower quality proxies are outperforming today with Bitcoin Stocks Non-Profitable Tech, Memes and Most Short Rolling basket up 80-200bps…
Source: Bloomberg
But, Mega-Caps were unable to hold BTFD gains…
Source: Bloomberg
Bonds were also very quiet today trading in a narrow 5bps range, ending marginally lower in yield…
Source: Bloomberg
The bullion market was probably the biggest mover of the day as Trump clarified that there would be no tariffs on the precious metal, which compressed the futures-spot spread dramatically…
Source: Bloomberg
Spot Gold dropped back to the top of the Payrolls spike range day…
Source: Bloomberg
The dollar spiked higher today, but still in the context of the payrolls plunge, the greenback is still suffering…
Source: Bloomberg
Bitcoin spiked back above $122,000 overnight (very close to the intraday record highs) before fading back to a $120,000 handle…
Source: Bloomberg
Ethereum pushed higher, back above $4300…
Source: Bloomberg
Oil prices limped higher but traded an ‘inside day’ (lower high and higher low than Friday)…
Source: Bloomberg
Finally, perhaps the ‘quietness’ of today’s market reflects the armada of event risk catalysts for the rest of the week…
Source: Bloomberg
…and of course, all eyes will be on NVDA earnings on Aug 27th
USA DATA RELEASES
USA ECONOMIC NEWS
120 Million Square Feet: Store Closings In The US Are On Pace To Set A New Record High In 2025
Saturday, Aug 09, 2025 – 10:30 AM
Authored by Michael Snyder via The Economic Collapse blog,
If everything is going to be just fine, why are thousands of stores closing all over the country? So far this year, the total amount of retail space that has been permanently closed has surpassed 120 million square feet. We have never seen anything like this before. Store closings spiked during the early days of the pandemic, but in 2025 stores are being permanently shuttered at an even faster pace.
In fact, during the first six months of this year 5,822 store closures were recorded…
Store closures across the U.S. continue to rise, and remain on track to far significantly surpass both new openings and the figures seen in 2024.
According to a new report from research and advisory firm Coresight Research, cited by CoStar News, 5,822 store closures were recorded as of June 27, compared to 3,496 closures announced during the same period of 2024.
If stores continue to close at this rate, we will break the old record that was established during the pandemic by a wide margin.
We are also being told that the total amount of retail space that has been permanently shuttered in 2025 has reached a staggering 120 million square feet…
In June, store closings by Plano, Texas-based home goods seller At Home and Philadelphia-based pharmacy chain Rite Aid, which have both filed for Chapter 11 bankruptcy protection, “pushed the total amount of retail space to close in the U.S. this year to over 120 million square feet,” Coresight said. The real estate churn is happening “as cyclical impacts confront structural shifts,” according to one executive at the research firm.
Wow.
You may have noticed that there are an increasing number of abandoned buildings in your particular area.
Sadly, this is just the beginning.
Consumers are under more financial stress than we have ever seen, and that has resulted in a substantial decline in store traffic…
Many of the retail store closures are a result of declining store traffic as more consumers respond to inflation by reducing spending. There also are more consumers turning to online shopping especially for apparel, accessories and household items. The winner is not merely Amazon but increased competition from Temu and Shein marketplaces and social commerce outlets like TikTok.
Needless to say, more stores are being closed down with each passing day.
After filing for Chapter 11 bankruptcy protection, Claire’s announced that it will be closing 18 more stores…
Claire’s, a mall-based teen accessories retailer, has identified several locations across the country it plans to close after filing for Chapter 11 bankruptcy protection.
Claire’s U.S., which operates Claire’s and Icing stores, made the filing in the U.S. Bankruptcy Court in Delaware on Wednesday. It’s the second time since 2018 the company has filed for bankruptcy.
While the company says the majority of its retail stores will remain open while it “continues to explore all strategic alternatives,” Claire’s said it identified 18 stores ahead of the Aug. 6 bankruptcy filing it would close, filings show.
And home goods retailer At Home just announced that it will be closing 6 more stores…
The home goods retailer At Home is closing an additional six stores across the country, bringing its total closure tally to more than two dozen as it grapples with high debt and dwindling sales.
The furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on June 16, pointing to “broader economic and retail-specific market pressures,” in court documents. The bankruptcy filing and store closures follow several other “big box” retailers that have also significantly downsized their brick-and-mortar footprints this year, including Big Lots, Joann Fabrics, Kohl’s, JCPenney, Macy’s, and Party City.
The retailer intially announced 26 store closures in June, before paring that down to 24 when it decided to keep open two stores in New Jersey and Wisconsin. The company added another six stores to the list, according to a statement by retail firm Hilco Consumer-Retail on Aug. 1, bringing the current number of stores it will shutter in the coming months to 30.
We see more stories like this every single day.
So what is going to happen if our economic momentum continues to take us very rapidly in the wrong direction?
Earlier today, we learned that the percentage of student loans entering serious delinquency is absolutely exploding…
The total amount of outstanding student loan debt was $1.64 trillion in the second quarter of 2025 after rising by $7 billion in the quarter.
Additionally, the share of student loan debt entering serious delinquency, considered 90 days or more late, jumped to 12.9% at the end of June, up from 8% in March and above pre-pandemic trends that were around 9-10% from 2012 into early 2020, when the moratorium initially took effect.
The American people are drowning in debt, and I expect delinquency rates of all types to continue to rise in the months ahead.
We are going to see more layoffs too, and the fact that continuing claims for unemployment benefits just hit their highest level since 2021 is not a good sign at all…
Recurring applications for unemployment benefits surged to the highest since November 2021, adding to recent signs that the labor market is weakening.
Continuing claims, a proxy for the number of people receiving benefits, rose by 38,000 to 1.97 million in the week ended July 26, according to Labor Department data released Thursday.
On top of everything else, U.S. manufacturing activity is now in contraction territory…
From March to July, U.S. manufacturing activity contracted, according to the Institute for Supply Management’s monthly survey. The Manufacturing PMI last registered at 48, below the 50 score that differentiates growth and decline.
The effective average tariff rate on all imported goods now stands at around roughly 18% versus 2.3% last year, the highest levels since the 1930s.
We are in so much trouble.
After evaluating all of the latest economic numbers that have come in, Mark Zandi has come to the conclusion that the “economy is on the precipice of recession”…
Mark Zandi, chief economist at Moody’s Analytics, on Monday wrote a post on X that the “economy is on the precipice of recession” – citing the weaker-than-expected jobs report released Friday and the inflation data from the previous day that showed consumer prices rose as indicating the economy’s precarious position.
“Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. And with inflation on the rise, it is tough for the Fed to come to the rescue,” he wrote.
It is hard to argue with him.
Of course what is eventually coming is going to be so much worse than just a “recession”.
As conditions deteriorate, will store closings slow down or will they speed up?
The answer to that question is obvious.
If there are stores in your local area that you really enjoy, I would visit them now while you still can, because they might not be there next year.
* * *
Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
END
Brandon Smith;
Deep State Data Manipulation Threatens Economic Stability
Monday, Aug 11, 2025 – 08:05 AM
Authored by Brandon Smith via BirchGold.com,
The U.S. consumer spending engine and tariffs as leverage
Mainstream economists were surprised last week after Donald Trump closed two massive trade and tariff deals, the first with Japan and the second with the EU. And this happened without triggering an economic crash.
The deal with Europe in particular has made a number of critics look rather foolish; there’s an army of mainstream economists who might reasonably acknowledge they misjudged the situation. But we all know that economists never admit their mistakes.
As I have been telling people for months, the American consumer is the economic engine of the world. There was no chance that any nation, or group of nations, was going to effectively challenge the U.S. on tariffs.
Doing so would mean catastrophic loss of the U.S. export market.
As I noted in my article Europe’s Anti-American Shift: Now Globalists Are The Saviors Of The West? from April:
The U.S. makes up 30%-35% of all global consumer spending and is the largest consumer market in the world. There are no clear numbers for the whole of Europe, but Germany, Europe’s largest economy makes up only 3% of global consumer spending. Germany is also the third largest economy in the world next to China. In other words, Europe has NO capacity whatsoever to fill the void in trade left behind by the U.S. If the U.S. economy detaches from Europe, or if the U.S. economy crashes, Europe would crash also. This is a fact…
It’s safe to expect the EU to fold. They cannot afford not to.
Why the EU folded on trade
I’m not saying that it’s a good thing that the U.S. is the consumption engine of the global economy! Rather, I’m explaining the reality we live in.
Tariff deals help to balance a long running pattern established post-WWII which positions America as the primary consumer market for the planet, while limiting the retention of a robust domestic industrial base. Tariffs also balance the highly uneven relationship the American public experiences with global corporations. As I argued in my article Tariff Freak Out: Why So Many People Cling To The Cancer Of Globalism earlier this year:
I’m getting a little tired of people constantly defending international conglomerates as if they are victims. On the libertarian side of things there are number of well meaning skeptics that suggest tariffs are “unconstitutional” because they symbolize taxation without representation. This is incorrect. Tariffs are not a tax on the public. They are not a tax on foreign economies. They are a tax on global corporations and the foreign goods they import…
And:
Frankly, I do not care that they’re getting taxed for importing foreign goods and exporting American jobs. That’s a good thing. If they want to void the tax, all they have to do is bring manufacturing and jobs back to the U.S. It’s not as if they don’t have options.
Americans can also buy from smaller locally sourced producers to avoid price hikes. Suddenly, the playing field in which international companies get an unfair advantage is a little more level and competition returns. That’s a free market, as opposed to what we have today…
Look: The EU made a deal because they need international conglomerates to continue investing dollars into their industries.
Every other nation (including China and even Canada) is likely to follow suit for similar reasons.
An extra $100 billion is already in the federal government’s coffers as of July. It’s just as important to give Trump props for his successes as it is important to call him out for his mistakes.
Because I think he made one…
The hidden economic threat ahead
That said, Trump has stumbled into one blaring economic blunder that he should have seen coming a hundred miles away. It could undermine his entire term, as well as putting future conservative efforts in the U.S. at risk.
You might have heard of Trump’s abrupt firing of Erika McEntarfer, the head of the Bureau for Labor Statistics (BLS).
You probably didn’t care. Honestly, the incident is barely a blip on the White House’s very busy radar. DOGE pushed over 200,000 bureaucrats out of their jobs – what’s one more?
It’s the reason for the firing that needs to be addressed.
The media is painting the incident as a temper tantrum by Trump. As if he fired McEtarfer because she dared to publish negative numbers about the U.S. economy.
But we’ve seen this before! McEntarfer was head of the BLS throughout the Biden 2024 election campaign! Month after month, the BLS reported oddly optimistic “initial” jobs reports. It seemed as though Biden was a job creation machine.
In truth, labor data was skewed heavily due to illegal immigration (the vast majority of new workers were foreign). Furthermore, it’s quite possible the BLS has been working hand-in-hand with the Federal Reserve; creating whatever employment data the Fed needs to justify cutting interest rates to juice the economy in the run-up to the 2024 election.
The BLS had a track record during Biden’s presidency of releasing overly optimistic data… and then dramatic negative revisions months later. The positive stats are released with fanfare!
The sharp revisions got a lot less attention.
Trump was apparently stunned by the latest BLS revision, which cut at least 258,000 jobs from previous numbers.
Keep in mind, this is the same Bureau of Labor Statistics that overstated jobs growth in March 2024 by approximately 818,000 and, then again, right before the 2024 election, in August and September, by 112,000.
Trump argues that McEtarfer has “rigged” the recent data to the negative to embarrass his administration.
He thinks she’s a Deep State insider trying to sabotage the American economy with phony spreadsheets.
I’m more concerned about something else.
Are we already caught in the stagflation trap?
What if the negative jobs data from August is accurate?
Keep in mind, there are numerous signs of an economic slowdown. There’s no way the U.S. is going to escape a stagflationary crisis without going into a period of declining activity.
Personally, I believe that the Biden administration rigged the numbers to hide this decline.
And now Trump is finally discovering just how bad the jobs numbers really are…
I’ve been warning about this outcome since before the election.
The Biden administration’s “greatest economy in world history” raised everyone’s expectations – so what happens when we wake up to reality under President Trump?
In my article “Smoke And Mirrors: What Happens After Biden’s Economic Manipulations Disappear?”, published in September of 2024, I noted:
Trump’s arrival in the Oval Office will result in a hailstorm of bad economic data, and most of this will be due to the sudden end of statistical manipulations that have been in place for the last four years. We are currently in the midst of a tone-shift in which recessionary forces are pressuring markets more than inflation. But don’t be fooled…
As soon as the Federal Reserve cuts rates inflation will spike again, and if Trump is in office a CPI jump will be even more pronounced. Biden’s oil reserve dumps will be over, no longer anchoring CPI. We will continue to see inflation in necessities with deflation in other areas including jobs and GDP. That’s what happens during a stagflation crisis…
If I’m right then the negative revisions we just witnessed from the BLS are just the beginning.
How many more Biden era officials are still in place within economic tracking agencies?
How did Trump not see this coming?
In my article The Trump Administration’s Biggest Wins And Biggest Fails So Far, I cited this as one of his most egregious errors.
Trump should have called out Biden’s economic manipulation within his first month in office, or better yet, before he entered office.
Now, his explanations are going to look more like the excuses of a politician trying to avoid responsibility for an economic downturn.
It’s not a downturn Trump made! But he’s going to be blamed anyway – unless he can find a path to reverse the downtrends.
I’m not so sure that such a path exists.
Trump’s economic dilemma
Trump has inherited a Catch-22 scenario:
If rates stay high the recessionary data will continue to roll in. It won’t only be revisions in jobs numbers, but cuts to GDP forecasts, a slowdown in consumer spending and a continuing slow-motion collapse of the housing market.
If rates are reduced, prices on food and fuel and everything else will start rising again.
If rates stay the same, the federal government will be stuck trying to sell $1 trillion in debt every 100 days – and as the President’s frequent posts on Truth Social have informed us, he doesn’t believe that’s a tenable situation.
This is not a political argument, by the way. It’s just how math works.
But there’s another way out…
Lies, damned lies and statistics
Why not simply stoop to the same data manipulation methods used over the last four years to conceal the bad news?
As tempting as it might be, I believe the Trump administration is under far more scrutiny than Biden ever was. The media helped Biden hide the stagflation crisis, hide the bad jobs numbers, reported lower energy prices (even though those prices were rigged by dumping strategic reserves on the market) – they even gave Biden credit for raising GDP!
And that doesn’t count, either. It’s easy to boost GDP – all you have to do is spend more federal funds. There’s no offset for government debt in GDP calculations.
The mainstream media aren’t going to do these things for Trump.
I could be wrong. Maybe Trump is right. Maybe the former head of the BLS deliberately released negative revisions to conceal the real job numbers, which would have to be truly fantastic. Otherwise, why try to hide them?
But the more likely scenario is that the real numbers are far uglier than the American public is aware of. And this has been going on a long time. Trump is at risk of taking the blame for a Biden recession.
That would be terrible – and not just for the 2026 midterm elections.
Because, no matter who history blames for the next recession, the truth is that everyday Americans will feel the pain just the same.
Falling growth means fewer jobs and slower wage gains; stubborn inflation erodes what our savings can buy. That’s why I believe it’s wise to diversify our savings with tangible assets that don’t rely on political promises or doctored data. Stable assets that don’t surge or plunge at the whim of a bureaucrat. Physical gold and silver have endured through booms, busts and every kind of leadership.
Presidential administrations come and go – gold and silver endure. Make sure you and your family can endure, as well.
END
86% Of Americans Feel Stressed About The Cost Of Groceries
Monday, Aug 11, 2025 – 02:05 PM
Authored by Michael Snyder via TheMostImportantNews.com,
Why are social media platforms filled with videos of Americans complaining about grocery prices right now?
Needless to say, those videos must be striking a chord, because some of them are receiving millions of views. Government bureaucrats are telling us that the cost of food is only going up a few percentage points per year, but we can all see that is a load of nonsense. A trip to the grocery store has become an enormous expense, and this is especially true if you have kids to feed. As I wrote about earlier this month, one survey found that in 25 percent of U.S. households at least one person is skipping meals so that there will be enough money to pay the bills. Sadly, we are being warned that the cost of groceries will go even higher in the months ahead.
Several years ago, I kept warning my readers over and over again that soon the cost of groceries would become very painful.
Without a doubt, that time has arrived.
According to a recent AP poll, the cost of groceries is a “source of stress” for 86 percent of U.S. adults…
Does your run to the supermarket cause a spike in your blood pressure? You’re in good company.
The overwhelming majority of Americans – 86% – say the cost of groceries is at least a minor source of stress. The number includes 53% who say it’s a major source of anxiety in their lives right now. That’s according to a new Associated Press/NORC poll.
Those are very alarming numbers.
But this is the world that we live in now.
And this is why we are seeing so many videos on social media about grocery prices.
Someone put together a compilation of some of the best videos where people are really flipping out emotionally…
In my entire lifetime, I have never seen it so bad.
At one grocery store in Chicago, one woman admitted that it feels like “you’re spending your soul on groceries”…
At a South Loop grocery store, customers experience sticker shock and frustration.
“No matter if it’s organic or if it’s regular, it’s still going to be an arm and a leg for it. It’s like you’re spending your soul on groceries,” said shopper Tria Hutson.
This is one of the reasons why I get so frustrated with the talking heads on television that are telling us that everything is fine.
Just look around you.
People are hurting.
Some companies are trying to hide their price hikes by keeping the prices the same but putting less stuff in each package.
This is known as “shinkflation”, and Jim Quinn recently shared a personal anecdote from his own life…
I think a personal anecdote I’ve experienced will show you the devious methods corporations will use to pass these tariffs along. I have been buying a pack of coated paper plates at Wal-Mart for years. The pack contained 70 paper plates. Within the last four months, the pack was reduced to 50 plates, for the same price. They know the average dolt, after years of government schooling, is deficient in math skills, so they would not realize they just experienced a 40% increase in price per plate. This will show up nowhere in the fake BLS numbers. Shrinkflation is just as bad as inflation, but they can hide it and pretend all is well, while maintaining their profits.
I am sure that you are running into the same thing.
Unfortunately, this is just the beginning.
How can I be so confident in saying that?
Let me give you just one example.
Approximately two-thirds of U.S. adults drink coffee, and approximately one-third of all the coffee we drink comes from Brazil.
Thanks to the 50 percent tariff that was just placed on imports from Brazil, coffee is about to become a lot more expensive…
The U.S. relies heavily on Brazil to import coffee for the 165 million people who need their daily caffeine fix, but Trump’s 50 percent tariff threatens the long-term availability and price of the drink.
“When people go to their local coffee shop, whether it’s Starbucks or something else, by and large they will likely be buying some form of Brazilian coffee,” Monica de Bolle, senior fellow at the Peterson Institute for International Economics, told NPR.
“A 50 percent tariff will kill that market.”
I still remember the days when you could get a cup of coffee for 10 cents.
What did your latest cup of coffee cost you?
Of course everything else is becoming more expensive too, and our cost of living crisis never seems to end.
As a result, 62 percent of Gen Z Americans have no emergency savings at all…
- 62% of Gen Z have no emergency savings, nearly double the rate of baby boomers.
- 51% of Americans would use a credit card for a $500 emergency, with usage jumping to 70% among students.
- Two-thirds of consumers have six months or less in savings, with Gen X the least prepared.
- 76% lack a credit card set aside for emergencies, relying instead on everyday-use cards.
Most of the country is living on the edge financially.
The middle class is steadily shrinking, and those that remain in the middle class have much less discretionary income than they once did.
So restaurants all over the nation find themselves torn between rapidly rising costs and customers that now have a lot less money to spend…
Ike’s Chili in Tulsa, Oklahoma, has been around for 117 years, surviving a myriad of challenges like the Great Depression, the Covid-19 pandemic and a once-in-a-generation burst of inflation. But 2025 already holds an even more complicated challenge.
“The cost of everything’s just going up, and we’ve got to figure out how to manage it right,” Len Wade, a managing partner at the restaurant, told CNN.
He pointed to surging beef prices as an example, specifically hamburger meat on the wholesale level. In July, those prices were up nearly 21% compared to the same month 10 years ago, federal data shows. And passing the buck to customers might not be the best solution, Wade said.
Tourist destinations from coast to coast are experiencing the same thing.
Las Vegas is getting far less tourist traffic than it once did, and those that do arrive are tipping a lot less…
Las Vegas servers say they’re feeling the heat as high prices and declining tourism hammer their tip earnings across the Strip.
Tipping in Sin City is reportedly down by as much as 50% among servers, as some of them blame the economy and policy while others point to high prices, a tipping backlash and poor service.
On Reddit’s r/VegasLocals forum, one cocktail waitress wrote, “I used to average about 80 cents a drink. Now I’m averaging about 10 cents.”
Nobody can deny what is happening.
We really are experiencing a very serious economic crisis.
Sticking our heads in the sand and pretending that everything is okay is not going to fix anything.
Our standard of living really is collapsing, and a lot more pain is ahead as our economic bubbles continue to burst.
We were warned that this storm was coming for a long time, and now it is here.
Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
Rebounds In The Dollar Set To Get Ever More Fleeting
Monday, Aug 11, 2025 – 12:40 PM
Authored by Simon White, Bloomberg macro strategist,
The dollar’s primary trend will be lower for longer as the speculative short positioning has been covered, while the fiscal outlook for the US will deteriorate further as the economy slows.
The DXY is in the process of another failed attempt to bounce. It’s the second try to rebound off its early July low to hit the buffers in recent weeks. That’s likely to be the pattern for the time being as the fundamental outlook for the dollar will keep it under pressure.
The short dollar trade had become so crowded that it was a case of when, rather than if, we would see a bounce. Short positioning of speculators in USD currency-futures had become quite stretched, based on CFTC Commitment of Traders data.
While there is a still a net short position in the dollar overall, the short versus developed-market currencies such as the euro and sterling has been covered, and positioning is now net long again. Speculators are still net short the dollar versus emerging-market currencies (and that’s getting shorter), but when it comes to the DXY, it is only developed currencies that matter (mainly the euro).
Macro and CTA hedge funds, too, look to have covered their dollar short. The sensitivity of their returns to returns in the dollar had become more negative than it had been for over three years; now it is back to being neutral.
Of course, speculators and hedge funds might start to go long the dollar, but not if they are paying attention to the US fiscal situation. The deficit is already in the order of $2 trillion a year. If there is a recession, however, a 6-7% of GDP deficit could easily become double digits.
That risk of one is rising.
The economy is beginning to slow, which means a drop in tax revenues – already anticipated by leading indicators — will stress the government budget further.
Markets never move in straight lines, least of all currencies, but for the dollar the up moves are likely to prove increasingly transient in the face of dominant down ones.
USA NEWS/ANTISEMITISM
KING NEWS
| The King Report August 11, 2025 Issue 7552 | Independent View of the News |
| Japan stocks jump 2% on back of trade deal clarity, hopes for US rate cut https://t.co/yGT8AkLAcc World food prices at 2-year high on rising meat and edible oils, FAO says http://reut.rs/4mwZyXD US cattle prices hit an all-time high on Thursday. Wheat fell to a 5-year low. Big banks and commercials that are typically short gold tried to keep a lid on AU on Friday. Reportedly a record $100 gap between US gold futures and the London Market appeared. Anyone short physical gold in size could be ‘in trouble.’ On Friday afternoon, gold fell on another Trump flipflop. White House to Clarify Misinformation on Gold Tariffs – BBG 13:59 ET (Did a massively short physical gold entity get in Trump’s ear?) St. Louis Fed President Alberto Musalem on Friday per Bloomberg:We’re Missing on Inflation Target but Not EmploymentThere Is a Risk We May Miss on Both Inflation and EmploymentMost Likely Tariff Inflation Will Be Short-LivedReasonable Probability Inflation May PersistenceLabor Market Is Close to Full Employment Tesla jumped as much as 4% during early NYSE trading on Friday because Texas granted the company a rideshare license for its Robotaxi service. US Preparing to IPO Fannie Mae, Freddie Mac Later This Year: WSJ 11:26 ET Friday It was the same old story on Friday: Trader buying of the trading sardines pushed Fang/ Mag 7 stocks sharply higher, which pulled other equities higher. ESUs traded modestly higher when the Nikkei opened on Friday and performed an A-B-C rally that hit a peak of 6387.50 at 20:37 ET. After a double top was completed at 22:43 ET, ESUs sank to 6369.25 at 1:56 ET. ESUs then plodded to 6389.75 at 7:56 ET. After a dump to 6376.25 at 8:21 ET, ESUs rebounded modestly and treaded water until the rally for the NYSE opening began at 9:24 ET. After a sluggish start to NYSE opening rally, ESUs soared after 9:41 ET and hit a daily high of 6413.00 at 10:34 ET. Alas, too many traders got jiggy for the Friday Rally. Liquidation for the 11:30 ET European close fomented a decline that took ESUs to 6390.50 at 11:40 ET. The post-European close contra-move conflated with a Noon Balloon and propelled ESUs to 6416.00 at 12:17 ET. After a retreat to 6403.50 at 13:01 ET, ESUs rallied to a double top of 6419.00 at 14:03 ET and 15:20 ET. ESUs then slid to 6402.75 at 15:50 ET. The late manipulation pushed ESUs to 6418.00. Positive aspects of previous session Tesla led a Fang rally that boosted the equity market. The DJIA rallied 206.97 on APPL (+4.24%). The S&P 500 Index closed at an all-time high. Nasdaq and the Nasdaq 100 hit all-time highs. Negative aspects of previous session USUs declined sharply. Gold surged. The DJTA declined modestly. Ambiguous aspects of previous session USUs declined sharply. Trump did another flipflop on tariffs, possibly another TACO. First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6379.94 Previous session S&P 500 Index High/Low: 6395.16; 6355.22 NYT: Trump Directs Military to Target Foreign Drug Cartels The president has ordered the Pentagon to use the armed forces to carry out what in the past was considered law enforcement. https://www.nytimes.com/2025/08/08/us/trump-military-drug-cartels.html Trump asks Italy’s Meloni to host a 3-way meeting in Rome with him, Putin, and Zelensky -ANSA US and Russia Plan Truce to Cement Putin’s Gains in Ukraine – BBG Putin is demanding that Ukraine cede its entire eastern Donbas area to Russia as well as Crimea… US Warhawks probably leaked this. They want nothing less that regime change (as usual) in Russia. Trump will meet with Putin on Friday, August 15 in Alaska. Oct. 7 was culmination of Tehran’s strategic plan, Khamenei website says https://t.co/kLrOdL7uQU @realDonaldTrump: On Monday a Press Conference will be held at the White House which will, essentially, stop violent crime in Washington, D.C. It has become one of the most dangerous cities anywhere in the World. It will soon be one of the safest!!!… The AI Bubble is speeding to a pin. People that employ AI, especially in the legal profession, regularly publicize the egregious errors that AI produces – and AI cannot realize why it sometime produces errors. More importantly, hallucinations increase as AI ‘models up!” 48% Error Rate: AI Hallucinations Rise in 2025 Reasoning Systems OpenAI’s latest reasoning systems, according to their own report, show hallucination rates reaching 33% for their o3 model and a staggering 48% for o4-mini when answering questions about public figures, more than double the error rate of previous systems… https://www.techopedia.com/ai-hallucinations-rise OpenAI’s o3 system hallucinates 33% of the time, twice the rate of its predecessor, o1, despite improved mathematical abilities. OpenAI acknowledges that “more research is needed” to understand why hallucinations worsen as reasoning models scale up. Reasoning models from OpenAI, Google, and Chinese startup DeepSeek are all generating more errors, not fewer, as they become more powerful. AI hallucinations have caused business disruptions… leading to customer cancellations. Many experts believe hallucinations are intrinsic to the technology. FT: Nvidia and AMD to pay 15% of China chip sale (H20) revenues to US government Today – This is Expiry Week. Traders will use the Monday Rally and the upward bias of Expiry Week to push the S&P 500 above its all time high of 6427.02 (7/31/25) and, they hope, generated rabid buying. ESUs are +8.50; NQUs are +20.25; Dec AU is -40.70; and USUs are +3/32 at 20:17 ET. S&P Index 50-day MA: 6178; 100-day MA: 5886; 150-day MA: 5904; 200-day MA: 5913 DJIA 50-day MA: 43,655; 100-day MA: 42,358; 150-day MA: 42,728; 200-day MA: 42,909 (Green is positive slope; Red is negative slope) S&P 500 Index (6389.45 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 6021.44 triggers a sell signal Daily: Trender and MACD are negative – a close above 6434.59 triggers a buy signal Hourly: Trender and MACD are positive – a close below 6341.74 triggers a sell signal @Real_RobN: Here is Barack Obama giving an interview to NPR—unwittingly revealing the conclusion of the CIA’s Intelligence Community Assessment, claiming Russia helped Donald Trump win the election—before they had even started the work… https://t.co/ujXa6FBla3 @seanmdav: The Constitution requires a full census every 10 years. It never prohibits more frequent censuses. And because the most recent census was obviously rigged, a new and accurate census should absolutely be ordered. WSJ’s @KimStrassel: Democrats’ Gerrymander Flub “If we’re headed for a redistricting war, this won’t end well for Ds. That’s just math… The left’s mistake was to take the dare and escalate… Consider New Jersey, where Democrats control nine of 12 congressional seats, despite 45% of House votes going to Republicans. Illinois: 14 of 17 seats, though Democrats won but 53% of the vote. Oregon: five of six seats, despite a GOP vote of 42%. Or Ms. Healey’s Massachusetts, where Democrats control all nine congressional seats… States with Democratic state legislative majorities currently control the lines for about 35 GOP seats—all that’s left after their aggressive maps. By contrast, Republican state legislative majorities control the lines for 55 Democratic seats… Democrats gave the GOP an excuse to go nuclear in a war in which the left lacks fissile material… https://wsj.com/opinion/democrats-gerrymander-flub-state-maps-redistricting-36b0b08f?st=w9UBrR @FoxNews: DOJ opens grand jury investigation into New York Attorney General Letitia James tied to Trump civil case, sources say https://www.foxnews.com/politics/doj-opens-grand-jury-investigation-letitia-james-tied-trump-civil-case Letitia James Is Caught in a War of Her Own Making – MSN It’s a fact, beyond reasonable dispute, that Letitia James weaponized her official power as New York’s attorney general to pursue Donald Trump for political purposes… She ran for New York AG and won in 2018 primarily on an explicit platform of Vote for me, fellow Resistance warriors, and I’ll nail Trump. James tweeted that, if elected, she would be “leading the resistance against Donald Trump in NYC.” She solicited campaign donations by vowing to take down the President. Before she had access to any evidence, James declared conclusively that Trump “engaged in a pattern and practice of money laundering” and “can be indicted for criminal offenses.”… https://www.msn.com/en-us/news/politics/letitia-james-is-caught-in-a-war-of-her-own-making/ar-AA1FllXF The DOJ has authorized a special prosecutor (Ed Martin) to investigate Adam Schiff and Leticia James for mortgage fraud – Fox (2nd lawfare against James. Dems started it; Team DJT now doing it!) GOP @RepMarkHarrisNC: A thug attacked 2 pro-lifers outside Planned Parenthood. He is walking away with a 1 year “home detention” sentence from a liberal judge while his victim suffers permanent eye damage. Why are peaceful conservatives targeted while leftist violence gets a slap on the wrist? https://x.com/RepMarkHarrisNC/status/1953827318218043871 GOP Sen. @HawleyMO: Some thug brutally assaults two elderly prolife demonstrators – shoves one to the ground and beats him, all on camera – and gets “home detention” for a sentence from a liberal judge. This is not justice. This is open season on prolife Americans. @nicksortor: The FBI has just ARRESTED Boston’s Sheriff, who has REFUSED to work with ICE on deportations in the city. Suffolk County, MA Sheriff Steven Tompkins was booked on federal extortion charges after extorting $50K from a cannabis dealer trying to do business in the city. https://x.com/nicksortor/status/1953842855585223075 @Rightanglenews: DC Police Commander Michael Pulliam was placed on leave after he and MPD command directed officers to downgrade felony reports and alter crime classifications, such as “felony assault,” deliberately manipulating data to falsely show a 26% drop in violent crime in 2024. Benjamin Netanyahu threatens to sue NY Times over Gaza coverage: ‘It’s such clear defamation’ https://trib.al/0WPmrBL GOP Sen. @Eric_Schmitt: The D.C. Circuit just put Judge Boasberg in his place. Boasberg can’t threaten to hold DOJ lawyers in contempt for a dispute over an order SCOTUS said he had no power to issue. That was definitionally rogue judge behavior. Boasberg should recuse from all Trump adm cases… Hopefully, with this ruling Chief Judge Boasberg and his rogue colleagues will get the message that they too must follow the law… @nypost: Zohran Mamdani’s Democratic Socialists of America comrades push ‘abolition’ of traditional family. Read today’s cover here: https://trib.al/lmsBRIg Speakers at “The Left and the Family” seminar ignored the Uganda-born Mamdani’s ultra-privileged upbringing by his Hollywood-director mom and radical Columbia University dad, all while parroting central tenets of Marxist ideology to the audience — that the nuclear family is inherently repressive, racist, sexist and promotes capitalism. “In addition to the abolition of family policing [government-run child protective services], we argue for abolition of the family in general and say that the institution of the family acts as part of the carceral system in that it reinforces children as property,” said panelist Olivia Katbi, co-chair of the DSA… House Oversight wants to gather evidence that could overturn Biden’s pardons, executive orders Chairman Comer said the evidence his probe has uncovered could lead to questions about the validity of Joe Biden’s pardons, executive orders. https://justthenews.com/accountability/political-ethics/house-oversight-wants-gather-evidence-could-overturn-bidens-pardons @DrEliDavid: Hamas leader Mahmoud al-Zahar: “Our goal is to create a world where Judaism and Christianity do not exist.” The West must wake up before it’s too late! https://t.co/uQMIn5h6VF “To offend a strong man, tell him a lie. To offend a weak man, tell him the truth.” Attributed to Marcus Aurelius | |
SWAMP STORIES FOR YOU TONIGHT
Politics Without Shame: Gerrymandering Makes Hypocrisy A Political Punch Line
by Tyler Durden
Monday, Aug 11, 2025 – 01:20 PM
Former diplomat and Democratic senator Adlai Stevenson once remarked that “a hypocrite is the kind of politician who would cut down a redwood tree, then mount the stump and make a speech for conservation.”
If so, this week in politics was nothing but the worst form of stump speeches.
In New York, Gov. Kathy Hochul (D) declared that the move by Texas Republicans to redistrict mid-decade was a “legal insurrection of our U.S. Capitol.”
In Texas, Democratic State Rep. Jolanda Jones (D) must have felt “insurrection” did not quite capture the infamy. Instead, she insisted, “I will liken this to the Holocaust.”
Others repeated the Democratic mantra that it was the death of democracy.
That includes former President Barack Obama, who had said nothing when Democrats made his own state the most gerrymandered in the union.
In Illinois, surrounded by Texas legislators who had fled their state to prevent a legislative quorum, Gov. JB Pritzker (D) bellowed that gerrymandering was an attempt to “steal” congressional seats and to “disenfranchise people.”
It did not matter that the stump Pritzker and Texas Democrats were standing on in Chicago is located in the most gerrymandered state in the country. The redistricting law, signed by Pritzker left Republicans with just three of the state’s 17 congressional seats, even though they won nearly half the votes in the last election.
What is missing in any of this is any sense of shame.
The most telling moment came when Pritzker went on the Stephen Colbert’s show on CBS — a show that offered him a reliably supportive audience and a long track record of 86 percent of jokes slamming conservatives or Republicans.
Pritzker received roaring cheers when he said that he was protecting democracy from Texas gerrymandering. Colbert then showed him the map of Illinois, which features ridiculously shaped, snaking districts that stretch across the state — all drawn to maximize Democratic performance in elections. Pritzker just shrugged and joked how they had kindergarteners design it. Colbert and the audience laughed uproariously.
So let’s recap. Pritzker had just declared gerrymandering a threat to democracy. He followed up by making a joke of his own unparalleled gerrymandering. The New York audience cheered both statements.
Some of the outrage by Democrats seemed part of a comedy routine. In Massachusetts, Gov. Maura Healey pledged to retaliate by gerrymandering her heavily gerrymandered state. The problem? It is already so badly gerrymandered that there are no Republican House members in the state — there haven’t been any since the 1990s.
We have reached the point in our age of rage where one’s hypocrisy can be openly acknowledged but then dismissed with a chuckle.
It is not cheap to lock Republicans out completely in heavily Democratic states. California Gov. Gavin Newsom (D) quickly pledged to order a new round of gerrymandering in a state where Republicans constituted roughly 40 percent of the congressional vote in 2024 but received only about 17 percent of the House seats. To reduce the Republicans to near zero would require passage of a ballot proposition, costing more than $200 million, even as California faces a budget crisis and a deficit greater than $20 billion.
And that may prove to be just a fraction of the true cost.
In response to the gerrymandering, Democratic strategist James Carville seemed to call for what Texas State House Democratic Caucus Chair Gene Wu (who fled to Illinois) described as “launching nukes at each other.”
Carville insisted that once the Democrats retake power, they should “unilaterally add Puerto Rico and the District of Columbia as states” and pack the Supreme Court to guarantee that the Republicans can never win again.
He is not the first Democrat to openly advocate such a plan. In an October 2020 interview, Harvard law professor Michael Klarman explained how Democrats needed to use their power to enact “democracy-entrenching legislation,” which would ensure that “the Republican Party will never win another election.”
Perhaps you can appreciate the unintended humor there. But Professor Klarman noted that Democrats would still have to gain control of the Supreme Court to make such legislation stick.
What is striking about the Carville interview is that he was describing rigging both the legislative and judicial branches, all in the name of democracy. Carville admitted that “in isolation,” each of these ideas may be objectionable and open “Pandora’s box.” However, when done together, they somehow become acceptable. It is akin to saying that burning a home is arson, but torching a city is urban renewal.
Nevertheless, Carville declared: “If you want to save democracy, I think you got to do all of those things because we just are moving further and further away from being anything close to democracy.”
Again, no one listening to such unhinged ranting would fail to see the hypocrisy. What is chilling is that no one really cares. You can stack the Supreme Court and the Congress. You can gerrymander legislative and congressional maps. You can even engage in ballot cleansing by barring Republican and third-party candidates from elections. You can do all of that and still claim to be righteously defending democracy.
You can even commit the most venal acts as a form of virtue signaling … even though there is not a scintilla of virtue in what you are saying.
There may be one benefit to Carville and his counterparts in opening up Pandora’s Box. In the story, Pandora released an array of evils on the world, including sorrow, disease, vice, violence, greed, madness, old age, and death. However, few recall the last thing to escape the jar and perhaps the thing that the vengeful Zeus least wanted humanity to have: hope.
It is possible that citizens will finally get fed up listening to these self-righteous hypocrites and join together to end gerrymandering once and for all. Rather than yield to our rage, reason could still prevail in this country in barring or at least limiting partisan redistricting. When we do that, these clear-cutting politicians will not have a stump to stand on.
Jonathan Turley is the Shapiro professor of public interest law at George Washington University and the author of the best-selling book “The Indispensable Right: Free Speech in an Age of Rage.”1,1265
END
GREG HUNTER INTEVIEWING LARRY KLAYMAN
Trump Must Take Out Deep State Now – Larry Klayman
By Greg Hunter On August 9, 2025 In Political Analysis20 Comments
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Renowned attorney Larry Klayman says the coming indictments of the Deep State traitors who tried to frame President Trump as a Russian spy in his first term are all in serious trouble. Director of National Intelligence (DNI) Tulsi Gabbard charges that Obama Administration officials politicized intelligence and laid the groundwork for a “years-long coup” against President Donald Trump after he won the 2016 election. Gabbard first uncovered a mountain of documents implicating many in the so-called Deep State.
She claimed in a post on X that former President Barack Obama and key members of his national security team, including then-CIA Director John Brennan and then-DNI James Clapper, fabricated a narrative about Russian meddling in the 2016 presidential election to “subvert” Trump’s presidency. They even made up evidence, such as the so-called Steele Dossier paid for by Hillary Clinton. They were all lies to make President Trump look bad. If these people are not stopped now while Trump is in office, and in control of the DOJ, then they will come after him when he is out of office and no longer in power. Klayman says, “Why is this different from the past? . . .. President Trump and the people around him, including Tulsi Gabbard, Pam Bondi, Kash Patel, Dan Bongino and others, have learned what they are up against. They’ve tried now to assassinate the President twice. I believe the Left and the Democrats were behind it. I think they wanted him dead. They did not want him (Trump) to be elected. There was also all the lawfare (like warfare) over the last many years. It’s obvious Trump and his team have come to the conclusion that they have to get the Left and the Deep State before they get them.”
Klayman says President Trump is at greater risk now than anytime in the past. Klayman explains, “Because President Trump has been so successful thus far, he is at great risk. There will likely be other assassination attempts and on the lives of other people in the cabinet. There will be attempts of assassination of anybody who supports him. I was in California recently, and I was wearing my Trump inauguration jacket from 2017, and some guy starts screaming I was a Nazi and this and that. I did not respond because I was in the middle of a bank. There is so much hatred out there, and this is why they have to take these people out legally and peacefully.”
Klayman points out people have the right to defend themselves, especially in the home, and Klayman urges people to use their Second Amendment rights if and when there is a need to do so. As the indictments come down in the not-so-distant future, expect violence. Klayman says, “The Left has its back up against the wall. They are a drowning man, so to speak. . .. There will be violence. They will try to foment violence.
Who is likely to be indicted? Klayman names a few for starters. This list includes John Brennan, James Clapper, Peter Strzok and Mark Elias. Then Klayman predicts, “They will first go for the low hanging fruit before they get to Hillary Clinton and other higher ups. They will see if they can flip them. This time it’s different, and this time I believe there will be some accountability.”
There is much more in the 58-minute interview.
FreedomWatchUSA.org desperately needs your financial support. To donate call 202-609-7336.
The FreedomWatchUSA.org donation page is under repair, but they will take a credit card donation over the phone. If they don’t answer, leave a name and phone number, and someone will call you back.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned lawyer and government corruption fighter Larry Klayman, founder of FreedomWatchUSA.org, as he updates us on the Trump Administration fighting back against the Deep State takeover of America for 8.9.25.
After the Interview:
There is lots of free information and updates with legal action on FreedomWatchUSA.org.
To donate to FreedomWatchUSA.org by snail mail, see address below:
SEE YOU TOMORROW
harveyorganblog.com 
