AUGUST 27/GOLD CLOSED UP $12.60 TO $3396.80 WHILE SILVER COMPLETELY REVERSES GOING UP 4 CENTS TO $38.59//PLATINUM CLOSES UP $2.50 BUT PALLADIUM FALLS $6.30 TO $1094.80//PRECIOUS METALS COMMENTARY TONIGHT FROM ZERO HEDGE ON SILVER BEING CLASSIFIED AS A STRATEGIC METAL AND ALASDAIR MACLEOD//MIGRANT PROBLEMS TODAY IN HOLLAND AND THE UK//ISRAEL VS HAMAS UPDATES VIA TBN ISRAEL//ISRAEL VS SYRIA UPDATES/RUSSIA VS UKRAINE UPDATES//COVID UPDATES/VACCINE INJURY REPORT: MARK CRISPIN MILLER/DR PAUL ALEXANDERS./NEWS ADDICTS ETC/VENEZUELA’S CURRENCY COLLAPSES SO THE CITIZENS ARE REVERTING TO CRYPTO COINS//THE FED STANDS BEHIND THE CROOK COOK (LISA)//TRUMP CALLS FOR RICO CHARGES AGAINST SOROS///ANOTHER MASS SHOOTING IN MINNEAPOLIS MN. SWAMP STORIES FOR YOU TONIGHT///
099 H DEUTSCHE BANK AG 121 323 C HSBC 300 332 H STANDARD CHARTERED B 119 435 H SCOTIA CAPITAL (USA) 27 661 C JP MORGAN SECURITIES 23 732 C RBC CAP MARKETS 3 905 C ADM 7
TOTAL: 300 300 MONTH TO DATE: 33,838
JPMORGAN stopped 23/300
AUGUST
GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2025: 300 CONTRACTs NOTICES FOR 30,000 OZ or 0.9331 TONNES
total notices so far: 33,838 contracts for 3,383,800 OR 105.250 tonnes)
FOR AUGUST
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SILVER NOTICES: 78 NOTICE(S) FILED FOR 390,000 OZ/
total number of notices filed so far this month : 2191 CONTRACTS (NOTICES) for 10.955 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $12.60 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.43 TONNES OF GOLD INTO THE GLD
INVENTORY RESTS AT 959.92 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.04 AT THE SLV: SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 454,000 OZ FORM THE SLV//
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 491.092 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A MEGA HUGE 2322 CONTRACTS TO 158,630 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS MEGA HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR SMALL LOSS OF $0,19 IN SILVER PRICING AT THE COMEX WITH RESPECT TO TUESDAY’S TRADING. WE FINALLY ARE MOVING MUCH HIGHER THAN THE BASE $34.40 SILVER PRICE BARRIER. WE HAD A STRONG SIZED LOSS OF 577 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A MEGA HUMONGOUS 1745 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD LITTLE LIQUIDATION OF T.A.S. CONTRACTS IN COMEX TRADING WITH RESPECT TO TUESDAY’S TRADING COUPLED WITH SOME OF OUR MONTHLY SPREADER LIQUIDATION AS THEY DESPERATELY AGAIN TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST SEVERAL WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE TO ABOVE $36.00 AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY SUCCEEDED A BIT ON TUESDAY WITH SILVER’S LOSS IN PRICE. THE PRICE HOWEVER FINISHED MILES ABOVE THE MAGIC NUMBER OF $36.00 SILVER SPOT PRICE CLOSING AT $38.55 . WE FINALLY STOPPED HAVING THOSE MEGA MEGA HUGE T.A.S. ISSUANCE BUT STILL WITNESSING LARGE ISSUANCE: AS TODAY’S TOTAL ISSUANCE WAS RECORDED AT A STRONG 585 CONTRACTS. THE CROOKS ARE BECOMING MORE DESPERATE TO STOP SILVER BREAKING WELL ABOVE THE 38.00 DOLLAR MARK!!. THE NEXT LINE IN THE SAND IS THE ORIGINAL HIGH POINT OF 50.00 DOLLAR SILVER. WE HAD A MEGA HUGE 1745 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR STRONG SIZED 585 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN THIS WEEK’S TRADING OR BEYOND/ AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE LOST A STRONG SIZED 577 CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE OF $0.19.
EXCHANGE FOR RISK ISSUANCE FOR SILVER/MAY
THE CME NOTIFIED US THAT FOR THE FIRST TWO DAYS OF THE MONTH OF MAY, WE HAD TWO CONSECUTIVE ISSUANCE OF EXCHANGE FOR RISK CONTRACTS OF 12.93 MILLION OZ. THESE EXCHANGE FOR RISKS WERE ADDED TO OUR NORMAL DELIVERY SCHEDULE. THE RECIPIENT OF THIS LARGESS IS WITHOUT A DOUBT THE CENTRAL BANK OF INDIA. LOGICALLY ONLY A CENTRAL BANK WOULD ACCEPT THIS CRAZY CONTRACT WHEREBY THE CENTRAL BANK OF INDIA TAKES THE RISK OF DELIVERY FROM A BULLION BANK WHO CANNOT GUARANTEE DELIVERY OF PHYSICAL SILVER TO THEM.
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON TUESDAY NIGHT/WEDNESDAY MORNING: A HUGE SIZED 585 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES.
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.19) BUT WERE GENERALLY UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A STRONG LOSS OF 577 CONTRACTS ON OUR TWO EXCHANGES WE HAD LITTLE IF ANY T.A.S. SPREADER LIQUIDATION ON TUESDAY BUT WE DID HAVE SOME MONTHLY SPREADER LIQUIDATION WHICH ACCOUNTS FOR THE LOSS IN OI!!
WE HAD A 1745 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4.70 MILLION OZ FOLLOWED BY TODAY’S 75 CONTRACT QUEUE JUMP OR AN ADDITIONAL 0.375 MILLION OZ WILL STAND FOR PHYSICAL ON THIS SIDE OF THE POND //NEW STANDING ADVANCES AT 10.955 MILLION OZ.
THUS:
INITIAL STANDING FOR AUGUST: 4.90 MILLION OZ FOLLOWED BY TODAY’S 0.375 MILLION OZ QUEUE JUMP//NEW STANDING ADVANCES TO 10.955 MILLION OZ
WE HAD:
/ MEGA HUGE COMEX OI LOSS+// A HUGE SIZED EFP ISSUANCE 1745 CONTRACTS (/ VI) A HUGE NUMBER OF T.A.S. CONTRACT ISSUANCE 585 CONTRACTS)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: 363 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS AUGUST. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF AUGUST
TOTAL CONTRACTS for 18 DAY(S), total 9191 contracts: OR 45.955 MILLION OZ (511 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 45.955 MILLION OZ
LAST 24 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:
MAY 137.83 MILLION
JUNE 149.91 MILLION OZ
JULY 129.445 MILLION OZ
AUGUST: MILLION OZ 140.120
SEPT. 28.230 MILLION OZ//
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE
APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 87.110 MILLION OZ
AUGUST: 65.025 MILLION OZ
SEPT. 74.025 MILLION OZ///FINAL
OCT. 29.017 MILLION OZ FINAL
NOV: 134.290 MILLION OZ//FINAL
DEC, 61.395 MILLION OZ FINAL
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)
AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )
NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)
DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ
YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ
JANUARY 2025: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
FEB. 58.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE/FINAL
MARCH: 67.020 MILLION OZ///QUITE SMALL AND BECOMING SMALLER EACH AND EVERY MONTH.
APRIL: 100.895 MILLION OZ///AVERAGE SIZE ISSUANCE
MAY: 28.975 MILLION OZ (ISSUANCE WILL BE QUITE SMALL THIS MONTH)
JUNE: 81.065 MILLION OZ
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 45.955 MILLION OZ (QUITE SMALL)
RESULT: WE HAD A MEGA HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2322 CONTRACTS WITH OUR LOSS IN PRICE OF $0.19 IN SILVER PRICING AT THE COMEX// TUESDAY.,. . THE CME NOTIFIED US THAT WE HAD A HUGE 1745 CONTRACT EFP ISSUANCE CONTRACTS: 1745 ISSUED FOR SEPT., AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.
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LAST 5 MONTHS OF SILVER DELIVERIES:
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 16.050 MILLION OZ NORMAL DELIVERY , PLUS OUR 4.00 MILLION EX FOR RISK
FINAL STANDING APRIL: 19.965 MILLION OZ
AND MAY:
NEW STANDING FOR MAY FINISHES AT: 75.615 MILLION OZ. (INCLUDES 5,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ EXCHANGE FOR RISK ISSUANCE/PRIOR.//NEW TOTAL STANDING 88.540 MILLION OZ
AND JUNE: FINAL 16.995 MILLION OZ
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 0.375 MILLION OZ QUEUE JUMP //NEW STANDING ADVANCES TO 10.955 MILLION OZ
THE NEW TAS ISSUANCE TUESDAY NIGHT () WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND FOR SURE IN THIS WEEK’S TRADING.
WE HAD 78 NOTICE(S) FILED TODAY FOR 0.390 million OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL. IT IS NOW TIME FOR THE FBI TO ENTER THE COMEX AND ARREST THESE CROOKS EVEN THOUGH THE MAJORITY OF THE TRADING IS GOVERNMENT. THE BANKERS ARE COMPLICIT. THE SILVER COMEX IS NOW ON COMPLETE SIEGE LOOKING FOR PHYSICAL SILVER!!
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 1382 OI CONTRACTS TO 443,760 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.) THUS WE HAVE STILL A LOW OI IN COMEX WITH AN EXTREMELY HIGH PRICE OF GOLD. THE SHORT RATS ARE ABANDONING THE SHIP.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED 1660 CONTRACTS //.
WE HAD A INCREASE IN COMEX OI (1382 CONTRACTS) . THIS OCCURRED WITH OUR GAIN OF $12.15 IN PRICE// TUESDAY///.
LAST FOUR MONTHS OF GOLD DELIVERIES:
MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
FINAL STANDING FOR MAY: 70.174 TONNES OF GOLD TO WHICH WE ADD 1. MONDAY’S (MAY 19) 6.221 TONNES EXCHANGE FOR RISK , 2. THEN WE ADD: 1.35 TONNES TO LAST WEEK”S. THEN WE ADD 3. 1.55 TONNES TO EQUAL 9.591 TONNES// NEW EXCHANGE FOR RISK = 9.591 TONNES WHICH MUST BE ADDED TO OUR NORMAL DELIVERY SCHEDULE OF 80.644 TONNES. THUS STANDING FOR MAY INCREASES TO 90.235 TONNES OF GOLD
JUNE CONTRACT MONTH: 93.085 TONNES OF GOLD (WHICH INCLUDES ALL QUEUE JUMPING AND 0 EX FOR RISK)
JULY INITIIAL STANDING FIRST DAY NOTICE: 17.847 TONNES. PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES STANDING
AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE MONTH’S QUEUE JUMP OF 47.411 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.637 TONNES EX FOR RISK//AUG 25: 9.107 TONNES , AUGUST 26: 9.1010 TONNES ANND NOW AUGUST 27: 9.0699 TONNES//NEW STANDING ADVANCES TO 107.695 TONNES OF GOLD NORMAL STANDING (INCLUDES ALL MONTHLY QUEUE JUMPS) +37.773 TONNES EX.FOR RISK = 145.468 TONNES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3157 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 443,760 /STILL EXTREMELY LOW AND WE NOW WITNESS A LOW COMEX OI WITH AN EXTREMELY HIGH PRICE OF GOLD
SILVER ALSO HAS A LOW COMEX OI OF 158,630 CONTRACTS
IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 4539 CONTRACTS WITH 3042 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 3157 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 4539 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALL SIZED AND CRIMINAL 661 CONTRACTS AND THESE ISSUANCES ARE GENERALLY USED TO INITIATE A RAID LIKE LAST THURSDAY WHEN CALLED UPON. GOLD PRICE ON TUESDAY ROSE BY $12.15
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT(3157) ACCOMPANYING THE FAIR SIZED INCREASE IN COMEX OI OF 1382 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 4539 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) STRONG INITIAL STANDING FOR GOLD FOR AUGUST AT 60.547 TONNES FOLLOWED BY THE MONTH’;S 47.411TONNES OF QUEUE JUMPS + OUR INITIAL 5.4432 TONNES EX FOR RISK AUGUST 7 AND SATURDAY’;S AUG 9 2.413 TONNES EX FOR RISK ISSUANCE + WEDNESDAY’S AUGUST 12: 2.637 TONNES, AUG 25: 9.107 TONNES//AUGUST 26: 9.1010 AND NOW AUGUST 27: 9.0699 TONNES//NEW STANDING ADVANCES TO 145.468 TONNES
NEW STANDING FOR GOLD, AUGUST CONTRACT AT 145.468 TONNES OF GOLD
.
/ 3) ZERO OR LITTLE T.A.S. LIQUIDATION (AND SOME MONTHLY SPREADER LIQUIDATION) AS WE HAD 1)A $12.15 COMEX PRICE LOSS. WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED AS WE HAD A STRONG SIZED GAIN OF 4539 CONTRACTS ON OUR TWO EXCHANGES WE HAD ZERO LIQUIDATION OF OUR TAS SPREADERS BUT SOME MONTHLY SPREADER LIQUIDATION/ /./ ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL AND YOU CAN VISUALIZE THIS BY THE HUGE AMOUNTS OF QUEUE JUMPING WE HAVE BEEN HAVING LATELY ESPECIALLY TODAY’S JUMP OF 0.5816 TONNES !!
4) STRONG SIZED COMEX OI GAIN// 5) STRONG SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER (3157 CONTRACTS)/// SMALL T.A.S. ISSUANCE: 661 T.A.S.CONTRACTS/
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST :
TOTAL EFP CONTRACTS ISSUED: 49,670 CONTRACTS OR 4,967,000 OZ OR 154.49 TONNES IN 18 TRADING DAY(S) AND THUS AVERAGING: 2759 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN18 TRADING DAY(S) IN TONNES: 154.49 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 154.49 TONNES DIVIDED BY 3550 x 100% TONNES = 4.36% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
UNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
2024 AND 2025:
JAN. 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 SMALL TO FAIR
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: 154.59 TONNES GETTING A LOT LARGER THIS MONTH.
SPREADING OPERATIONS
NOW SWITCHING TO GOLD FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF APRIL. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A HUGE 2322 CONTRACTS OI TO 158,993 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 1745 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 1745 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 950 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 2322 CONTRACTS AND ADD TO THE 1745 E.FP. ISSUED
WE OBTAIN A STRONG SIZED LOSS OF 577 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR LOSS IN PRICE OF $0.19 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 1.070 MILLION PAPER OZ
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
ASIAN MARKETS THIS TUESDAY MORNING:
SHANGHAI CLOSED DOWN 68.03 PTS OR 1.76%
//Hang Seng CLOSED DOWN 323.16 PTS OR 1.27%
// Nikkei CLOSED UP 125.47 PTS OR 0.31% //Australia’s all ordinaries CLOSED UP 0.26%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1609 OFFSHORE CLOSED DOWN AT 7.1602/ Oil DOWN TO 62.98 dollars per barrel for WTI and BRENT DOWN TO 66.93 Stocks in Europe OPENED MOSTLY RED
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN IN TRADING AT 7.1609 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1602 AGAINST US DOLLAR/ AND THUS WEAKER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 1382 CONTRACTS TO 443,760 OI WITH OUR STRONG GAIN IN PRICE OF $12.15 WITH RESPECT TO TUESDAY’S // TRADING.. WE OF COURSE, LOST NO 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 (3157). WE HAD LITTLE IF ANY T.A.S. LIQUIDATION AND MONTH END SPREADER LIQUIDATION //TUESDAY TRADING AS WE HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 4539 CONTRACTS (OR 14.12 TONNES).THEN WITH MUCH SHOCK TO ME WE HAD OUR 3RD CONSECUTIVE HUGE 2,916 CONTRACTS ISSUED FOR EXCHANGE FOR RISK WEDNESDAY FOR 291,600 OZ OR 9.0699 TONNES OF GOLD. EITHER THE FRBNY OR THE BANK OF ENGLAND WERE VERY BUSY THIS MORNING AS THEY NEEDED TO REPLACE THE GOLD THEY LOANED OUT TO BULLION BANKS. THE HIGH NUMBER OF CONTRACTS ISSUED ON EXCHANGE FOR RISK MEANS TIME IS RUNNING OUT FOR ONE OR BOTH OF THEM!@!!!!!
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. ( IT WAS NOT THE FRBNY WHO ALSO OWES GOLD TO THE BIS AND THEY NEED TO COVER BADLYAS YOU WILL SEE).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, AUG 10 TOTALLING 776 CONTRACTS OR 77,600 OZ (2.418 TONNES).MUCH TO MY ANGER LAST WEEK, THE CME ANNOUNCED ITS 3RD EXCHANGE FOR RISK OF 848 CONTRACTS TOTALLING 84,800 OZ OR 2.637 TONNES.
NOW WE REACH TODAY WERE THE CME ISSUED ITS 4TH EXCHANGE FOR RISK FOR A MASSIVE 2928 CONTRACTS TOTALLING 292800 OZ OR 9.107 TONNES.
THUS THE TOTAL FOR AUGUST IS 6302 CONTRACTS OR 630,200OZ OR 19.6019 TONNES WHICH WILL BE ADDED TO OUR NORMAL DELIVERY TOTALS. THE RECEPIENT OF THIS LARGESS IS PROBABLY NOW THE BANK OF ENGLAND AS WE HAVE JUST LEARNED THAT THE FRBNY HAS RETURNED ONLY 14,000 OZ AS THEIR LOANS TO THE BIS REMAIN AT 34+ TONNES.(JULY 31 FIGURES). BUT IT COULD ALSO BE THE FRBNY AS URGENCY TO RETURN THAT GOLD MAY HAVE BEEN ISSUED BY THE BIS. IT SEEMS NOW THAT EITHER THE BANK OF ENGLAND OR THE FRBY ARE IN QUITE A HURRY TO GET ITS GOLD BACK!! (AND THEY ARE THE PROBABLE OWNERS OF THOSE EXCHANGE FOR RISK CONTRACTS). THIS IS THE HIGHEST EVER MONTHLY RECORDED ISSUANCE OF EXCHANGE FOR RISK!!
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: 6 ISSUANCES FOR A MONSTER 12,144 CONTRACTS OR 1,214,400 OZ ( 37.773 TONNES). TUESDAY THE CME ISSUED THE 2ND HIGHEST EVER MONTHLY RECORDED ISSUANCE OF 2924 CONTRACTS AND THIS IS FOLLOWED BY TODAY’S ISSUANCE OF 2916 CONTRACTS THUS BECOMING THE 3RD HIGHEST EVER RECORDED BY THE CME, SLIGHTLY BELOW YESTERDAY’S ISSUANCE OF 2924 CONTRACTS. SEEMS THAT THE NUMBERS OF EXCHANGE FOR RISK WERE EVENLY DIVIDED INTO THREE WITH ALL OF THEM AROUND 2600 CONTRACTS OR 9.1 TONNES OF GOLD DEMANDED ON A BUYER’S RISK SCENARIO!! REGARDLESS THE NUMBERS SUGGEST THAT A MAJOR CENTRAL BANK IS DEMANDING ITS GOLD BACK.
AS I EXPLAINED ABOVE,:THE RECIPIENT OF EXCHANGE FOR RISK COULD 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 4539 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 SMALL T.A.S ISSUANCE AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 661 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 MONTH’S RAID DURING COMEX OPTION EXPIRY WEEK FOR JULY. THE TAS SPREADER LIQUIDATIONS COMBINE WITH MONTH END AUGUST SPREADERS AS THEY JOIN FORCES IN AN ATTEMPT TO TEMPER THE GOLD/SILVER PRICE GAINS. THE RAIDS ON OUR PRECIOUS METALS CONTINUED 4 WEEKS AGO WITH HUGE FURY AS WE FINALIZED THE LONDON/OTC OPTION EXPIRY AND THEY WILL TRY AGAIN WITH RAIDS ON AUGUST OPTIONS EXPIRY WEEK WHICH WE ARE ON INTO!!
THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS (ALONG WITH AUGUST 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 A STRONG 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 MANY QUEUE JUMPS + + 3.75 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 THE MONTHS HUGE QUEUE JUMPS OF 46.83 TONNES +37.773 TONNES EX FOR RISK (6 ISSUANCES) //NEW STANDING 136.079 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 237 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 DOES NOT LOOK LIKE THE BIS HAS GIVEN THE FED ITS MARCHING ORDERS TO COVER ITS PHYSICAL GOLD SHORT AS THEIR OUTSTANDING LOAN REMAINS ON THE BOOKS OF THE BIS. TRUMP WILL PROBABLY BE FURIOUS WITH THE FED IF HE FINDS OUT THAT THEY (FRBNY) HAS BEEN MANIPULATING THE GOLD MARKET FOR THE PAST TWO YEARS. THE FRBNY IS NOW NON 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 THE MONTHS HUGE TOTAL OF 47.411 TONNES OF QUEUE JUMPS TO WHICH WE ADD AUGUST 7TH,S HUGE 5.443 TONNES EXCHANGE FOR RISK ISSUANCE +LAST SATURDAY’S/MONDAY AUG 10 HUGE 776 CONTRACT EXCHANGE FOR RISK FOR 2.413 TONNES THEN AUGUST 12: 2.637 TONNES: AND NOW AUG 25: 9.107 TONNES ISSUANCE MONDAY’S MASSIVE 9.1016 TONNES ISSUANCE/AUGUST 26, YESTERDAY 9.0699 TONNES AND FINALLY TODAY’S 9.0699 TONNES/NEW STANDING ADVANCES TO 145.468 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 3157 EFP CONTRACT WAS ISSUED: : /DEC 3157 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3157 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 OR TINY LIQUIDATION OF OUR T.A.S. SPREADERS//TUESDAY
MONTH END SPREADERS HAVE NOW APPEARED ON THE SCENE DISTORTING OI NUMBERS. HOWEVEWR NOT IN FULL FORCE YET
T.A.S.SPREADER ISSUANCE
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR TUESDAY NIGHT/WEDNESDAY MORNING WAS A SMALL SIZED SIZED 661 CONTRACTS
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR OTHERWISE LIKE LAST MONTH 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; (AND MONTH END SPREADERS)
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 STRONG GAIN IN PRICE IN GOLD AND A CORRESPONDING FAIR 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 6 ISSUANCES OF EXCHANGE FOR RISK FOR 37.773 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 QUEUE JUMP OF 0.5816TONNES TO WHICH WE ADD OUR 6 MONTHLY ISSUANCES OF: EXCHANGE FOR RISK TOTALLING 37.773 TONNES//NEW STANDING ADVANCES AS FOLLOWS:
107.695 TONNES NORMAL DELIVERIES (INCLUDES ALL QUEUE JUMPS) +
5.4432 TONNES EXCHANGE FOR RISK/PRIOR/AUGUST 7
2.413 TONNES EXCHANGE FOR RISK AUGUST 11
PLUS 2.637 TONNES EX FOR RISK AUGUST 12
PLUS: 9.107 TONNES EX FOR RISK AUGUST 25
PLUS 9.1010 TONNES EX FOR RISK AUGUST 26!!
PLUS 9.0699 TONNES EX FOR RISK AUGUST 27
MONTHLY TOTAL 37.773 TONNES EXCHANGE FOR RISK!
EQUALS
145.468 TONNES TONNES OF GOLD.
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
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD TRADING/AUGUST CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY A STRONG $12.15/ /) 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 LITTLE IF ANY T.A.S. SPREADER LIQUIDATION (PROBABLY SAVING FOR TODAY, WEDNESDAY) AND THAT GAIN IN OI FOR OUR TWO EXCHANGES WAS DUE TO THE LONGS PILING IT ON TRYING TO OBTAIN BADLY NEEDED GOLD///. 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 WHICH ARE JOINED BY OUR MONTHLY SPREADERS IN ORDER TO FORMALIZE RAIDS ON OUR PRECIOUS METALS WHICH OF COURSE NORMALLY ENDS IN TOTAL FAILURE LIKE IT DID WITH THIS WEEK’S TRADING!! GENERALLY WE WITNESS GOLD HAVING A STRONG DAY WHEN WE SEE THESE EXCHANGE FOR RISK ISSUANCES.
WEDNESDAY MORNING//TUESDAY NIGHT
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL TUESDAY EVENING/ WEDNESDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING WEEKS TO DELIVER
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. FEBRUARY IS THE SECOND HIGHEST ISSUANCE OF EXCHANGE FOR RISK AS AUGUST BECOMES THE HIGHEST EVER RECORDED AS YOU WILL SEE BELOW!
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//APRIL 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:
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 RECIPIENT 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: SIX SO FAR,
TOTAL EXCHANGE FOR RISK MONTH OF AUGUST 37.773 TONNES, THE HIGHEST EVER COMEX ISSUANCE FOR THE MONTH
THUS 107.695 TONNES OF NORMAL GOLD STANDING (INCLUDING ALL QUEUE JUMPS) + 37.773 TONNES EX FOR RISK = 145.468 TONNES.
ANALYSIS AUGUST DELIVERY MONTH GOING FROM FIRST DAY NOTICE// AUGUST COMEX CONTRACT
WE HAVE A STRONG SIZED GAIN TOTAL OF 14.12 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR AUGUST FIRST RECORDED AT 60.547 TONNES ON FIRST DAY NOTICETO WHICH WE TODAY;S QUEUE JUMP OF 0.5816 TO OUR MONTHLY QUEUE JUMPS OF 46.83// TOTAL MONTH OF AUGUST QUEUE JUMPS: 47.4116 TONNES
TO WHICH WE THEN ADD OUR 6 EXCHANGE FOR RISK FOR 37.773 TONNES FOR RISK//NEW STANDING ADVANCES TO 145.468 TONNES
ALL OF THIS HUGE STANDING FOR AUGUST WAS ACCOMPLISHED WITH OUR STRONG GAIN IN PRICE TO THE TUNE OF $12.15
WE HAD 1660 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 4539 CONTRACTS OR 453,900 0Z (14.12 TONNES)
confirmed volume TUESDAY 194,487 contracts// weak//everybody vacating the comex???
Total monthly oz gold served (contracts) so far this month
33,838 notices 3,383,800 oz 105.250 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
dealer deposits:
0 ENTRY
xxxxxxxxxxxxxxxxxxxxx
DEPOSITS/CUSTOMER
0 ENTRY
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
customer withdrawal
0 entries
adjustments: 0
i
AMOUNT OF GOLD STANDING FOR AUGUST
THE FRONT MONTH OF AUGUST STANDS AT 1086 CONTRACTS FOR A LOSS OF 232 CONTRACTS
WE HAD 419 CONTRACTS SERVED ON TUESDAY SO WE GAINED A STRONG SIZED 391 CONTRACTS OR 39,100 OZ OF GOLD (1.216 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 LOST 579 CONTRACTS TO 3001. SEPTEMBER BECOMES THE FRONT MONTH STANDING FOR GOLD
OCTOBER LOST 4238 CONTRACTS DOWN TO 55,945
We had 300 contracts filed for today representing 30,000 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 300 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 23 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 (33,838 X 100 oz ) to which we add the difference between the open interest for the front month of AUGUST ( 1086 CONTRACTS) minus the number of notices served upon today (300 x 100 oz per contract) equals 3,462,400 OZ OR 107.695 TONNES TO WHICH WE ADD OUR 6 ISSUANCES OF 37.773 TONNES OF EXCHANGE FOR RISK/AUG 7 , 11 12TH 25TH 26TH AUG, AUG 27// = 145.468 TONNES.
thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (33,838 x 100 oz +we add the difference for front month of AUGUST (1086 OI} minus the number of notices served upon today (300 x 100 oz) which equals 3,462,400 OZ OR 107.695 TONNES + 37.773 TONNES EX FOR RISK = 145.468 TONNES
TOTAL COMEX GOLD STANDING FOR AUGUST.: 145.468 TONNES WHICH IS A MONSTER FOR THIS NORMALLY ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. AND THIS RUNS COUNTER INTUATIVE TO OUR CONSTANT RAIDING THIS WEEK
TOTAL REGISTERED SILVER: 193.409 MILLION OZ//.TOTAL REG + ELIGIBLE. 511.505 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST
silver open interest data:
FRONT MONTH OF AUGUST /2025 OI: 78 OPEN INTEREST CONTRACTS FOR A LOSS OF 259 CONTRACTS. WE HAD 334 CONTRACTS SERVED ON TUESDAY SO WE GAINED 339 CONTRACTS OR AN ADDITIONAL 0.375 MILLION OZ WILL STAND AT THE COMEX HAVING UNDERGONE A MASSIVE QUEUE JUMP AS THESE GUYS ARE STANDING FOR DELIVERY OVER ON THIS SIDE OF THE POND.
SEPTEMBER LOST 12,414 CONTRACTS DOWN TO 24,586 CONTRACTS. SEPT BECOMES THE FRONT MONTH FOR DELIVERY IN SILVER AND WE HAVE 2 MORE READING DAYS BEFORE FIRST DAY NOTICE!
OCTOBER GAINED 177 CONTRACTS TO 1807
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 78 or 0.390 MILLION oz
CONFIRMED volume; ON TUESDAY 108,831 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 2191 X5,000 oz = 10.955 MILLION oz
to which we add the difference between the open interest for the front month of AUGUST (78) AND the number of notices served upon today (78 )x (5000 oz)
Thus the standings for silver for the AUGUST 2025 contract month: (2191) Notices served so far) x 5000 oz + OI for the front month of AUGUST(78) minus number of notices served upon today (78)x 5000 oz equals silver standing for the AUGUST contract month equating to 10.955 MILLION OZ .
New total standing: 10.955 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 193.409 million oz of registered silver
JPMorgan as a percentage of total silver: 210.283/511.505 million. 41.27%
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 27 WITH GOLD UP $12.60 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 1.43 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 959.92 TONNES
AUGUST 26 WITH GOLD UP $12.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 958.49 TONNES
AUGUST 25 WITH GOLD DOWN $1.05 TODAY/NO CHANGES IN GOLD AT THE GLD// ///INVENTORY RESTS AT 956.77 TONNES
AUGUST 22 WITH GOLD UP $35.35 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 956.77 TONNES
AUGUST 21 WITH GOLD DOWN $6.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.00 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 958.21 TONNES
AUGUST 20 WITH GOLD UP $29.95 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.16 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 962.21 TONNES
AUGUST 19 WITH GOLD DOWN $16.90 TODAY/NO CHANGES IN GOLD AT THE GLD:/// ///INVENTORY RESTS AT 965. TONNES
AUGUST 18 WITH GOLD DOWN $4.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 4.01 TONNES OF GOLD INTO THE GLD//// ///INVENTORY RESTS AT 961.36 TONNES
AUGUST 15 WITH GOLD DOWN $0.45 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 2.86 TONNES OF GOLD//// ///INVENTORY RESTS AT 961.36 TONNES
AUGUST 14 WITH GOLD DOWN $20.80 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 964.22 TONNES
AUGUST 13 WITH GOLD UP $9.65 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 964.22 TONNES
AUGUST 12 WITH GOLD UP $2.65 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 4.58 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 964.22 TONNES
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/
GLD INVENTORY: 959.02 TONNES, TONIGHTS TOTAL
SILVER
AUGUST 27 WITH SILVER UP $0.04/ SMALL CHANGES AT THE SLV: A WITHDRAWAL OF 454,000 OZ FORM THE SLV// ////INVENTORY RESTS AT 491.092 MILLION OZ./
AUGUST 26 WITH SILVER DOWN $0.19/ NO CHANGES AT THE SLV: // ////INVENTORY RESTS AT 491.546 MILLION OZ./
AUGUST 25 WITH SILVER DOWN $0.28/ SMALL CHANGES AT THE SLV: A SMALL DEPOSIT OF 0.363 MILLION OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 491.546 MILLION OZ./
AUGUST 22 WITH SILVER UP $0.92/ SMALL CHANGES AT THE SLV: A SMALL WITHDRAWL OF 0.908 MILLION OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 491.183 MILLION OZ./
AUGUST 21 WITH SILVER UP $0.29/ SMALL CHANGES AT THE SLV: A SMALL WITHDRAWL OF 1.09 MILLION OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 492.091 MILLION OZ.//
AUGUST 20 WITH SILVER UP $0.41/ SMALL CHANGES AT THE SLV: A SMALL WITHDRAWL OF 545,000 OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 493.181 MILLION OZ.//
AUGUST 19 WITH SILVER DOWN $0.64/ HUGE CHANGES AT THE SLV: A MAMMOTH DEPOSIT OF 9.173 MILLION OZ OF SILVER VAPOUR ARRIVES AT THE SLV// ////INVENTORY RESTS AT 493.726 MILLION OZ.//
AUGUST 18 WITH SILVER UP $0.06/ NO CHANGES AT THE SLV ////INVENTORY RESTS AT 484.553 MILLION OZ.//
AUGUST 15 WITH SILVER DOWN $0.04/ SMALL CHANGES AT THE SLVA WITHDRAWAL OF .909 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 484.553 MILLION OZ.//
AUGUST 14 WITH SILVER DOWN $0.52/ NO CHANGES AT THE SLV/////INVENTORY RESTS AT 485.462 MILLION OZ.//
AUGUST 13 WITH SILVER UP $0.62/ HUGE CHANGES AT THE SLV// A DEPOSIT OF 1.317 MILLION OZ INTO THE SLV:.////INVENTORY RESTS AT 485.462 MILLION OZ.//
AUGUST 12 WITH SILVER UP $0.68/ HUGE CHANGES AT THE SLV// A DEPOSIT OF 2.18 MILLION OZ FORM THE SLV:.////INVENTORY RESTS AT 484.145 MILLION OZ.//
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.//
The US just included silver on a list of things that the economy can’t do without. Which means whoever doesn’t already own the metal will have to start stockpiling it.
GoldCore TV has just posted a video explaining how dramatic a change this might be. Here it is, followed by a partial transcript:
Partial transcript:
Silver has just been reclassified by the United States government as a critical mineral. And I need you to stop and really take in what that means. This is not a line item in some government report because this is one of the largest economies in the world saying in black and white that without silver, modern life does not function. Energy security, electronics, medical devices, even national defense all depend on it. And right now, sovereign wealth funds, billionaires, and governments are beginning to move into this tiny market.
In this video, I am going to explain to you why this shift is so historic, why silver is unlike any other commodity because of its unique dual role as both an industrial powerhouse and a monetary hedge, and why the recognition of silver as critical could trigger stockpiling, subsidies, and a wave of demand that the supply side simply cannot meet.
There are moments in markets when an overlooked asset suddenly begins to step out of the shadows. And silver has been doing exactly that. For the first time in history, the US Department of the Interior has included silver in its draft list of critical minerals for 2025, placing it alongside copper, lithium, and rare earths as essential to economic security. This is more than bureaucratic housekeeping because it is a single government document reshaping how markets think about the metal. Washington now categorizes it as a material whose supply disruption or even manipulation could threaten national security and the broader economy.
And of course it comes at the very moment that sovereign investors including Saudi Arabia’s central bank are quietly building their own exposure. Now, the US Geological Survey, who is involved in compiling this list, no longer relies on static import data, but runs thousands of disruption scenarios across industries. Silver’s inclusion tells us that policymakers consider a break in supply not only possible, but damaging.
And that opens the door to federal support for domestic production and recycling. For investors, the implications extend well beyond bureaucracy. Because silver has been elevated to the ranks of resources essential to energy security and advanced manufacturing. Now, as we have talked about on this channel so many times, silver is unique. On the industrial side, it’s powering renewable energy, electric vehicles, semiconductors, medical applications, and defense applications. And on the monetary side, it remains a centuries long store of value. It is a tangible hedge when confidence in the financial system waivers.
As the analysts at Goldfix note, this dual role amplifies the designation. Manufacturers and governments will secure supply while investors treat it as a confirmation of silver’s strategic importance. And as we all know, supply chain vulnerability is real. The US depends on imports, often from unstable regions. While demand from clean energy and medical technologies is accelerating, Washington’s move is an attempt to preempt bottlenecks, and it reflects a broader global scramble for reliable supplies.
As China dominates refining, silver is now part of this geopolitical contest. Now, signals are also coming from markets. Regulatory filings revealed that the Saudi central bank has bought positions in silver ETFs worth around 40 million combined. The allocation is small in scale but symbolically powerful. A sovereign investor adding silver exposure just as the US government designates it critical. And Saudi Arabia is not alone. Goldfix and many others have long argued that China, Russia and other BRICS nations have been quietly stockpiling silver since 2023.
Sovereign actors are circling and governments are providing the policy tailwinds. Now I just want to highlight something that Goldfix put brilliantly earlier on today because critical status has consequences. It enables subsidies, defense production act provision and stockpiling and history shows that once a commodity is stockpiled prices move fast. Lithium and uranium, as highlighted by Goldfix, both surged after being declared critical, while new mines lagged years behind. As they themselves put it, critical status often leads to synchronized buying and subsidy races with demand realized immediately while supply expansion lags. Silver is now sitting in exactly that position.
Now, please also consider the actions of billionaires because technology entrepreneur David Baitman recently revealed that he had invested nearly a billion dollars in precious metals, including 12.7 million ounces of silver, about 1 and a.5% of annual global supply. And his logic pretty simple. The world is drowning in debt.
The US faces impossible refinancing and precious metals are the only lifeboats. Physical possession, he insists, is everything. This is what most savers do not yet appreciate. Silver is a $25 billion annual market, tiny compared to equities, gold or crypto. If even a fraction of capital shifts in, well, the market convulses. The supply deficit is chronic. In 2024, mine production was 820 million ounces, while demand was 1.16 billion.
Recycling can’t help this. Year after year, the deficit compounds and silver is already scarcer above ground than gold. When deficit meets these policy tailwinds as we’re seeing and sovereign buying, the price response is going to be explosive. Now for savers, the lesson is clear. Silver’s dual identity as both industrial necessity and monetary hedge offers protection not only against inflation and currency debasement, but also against disruptions to the very technologies that economics rely on. For those already holding gold, silver adds diversification with an accessible entry point.
Trump and his presumed Mar-a-Largo Accord plan to cut interest rates and lower the dollar. Markets are asleep to the inflationary threat to dollars, bonds, and equities.
The widely recognised author of the so-called Mar-a-Largo Accord, Stephen Miran, is being nominated by President Trump to serve on the Fed’s board. Trump has also moved to sack Lisa Cook, a serving governor appointed by Biden. Separately, he sacked Erika McEntarfer, the Bureau of Labor Statistics (BLS) commissioner last Friday, accusing her agency of faking the latest employment figures for political purposes.
Clearly, Trump is surrounding himself with like-minded executives more aggressively than past presidents, even in defiance of the law and Constitution. Officials better be on message, or they will be sacked. Fear rules in government agences.
While we can sympathise with a president getting rid of obstructive personnel, policy is increasingly being determined by groupthink. Stephen Mirran, whose appointment to the Fed is yet to be ratified is the author of a paper for Hudson Bay Capital upon which the intended Mar-a-Largo accord is said to be based. The intention is to undermine monetary policy and weaken the dollar, already telegraphed by Trump. And it might not turn out to be a wild conspiracy theory to see Miran being proposed by Trump as Jay Powell’s replacement as Fed chairman next year, if he manages to get him appointed.
However, assuming Miran’s paper for Hudson Bay Capital is the basis of a so far undisclosed Mar-a-Largo accord, holders of dollars should take note. It is full of macroeconomic errors and assumptions. It has been called an Accord on the assumption that it will be the equivalent of the 1985 Plaza Accord, an agreement between the US, UK, Japan, France, and Germany to weaken the dollar in order to reduce the US trade deficit.
Apart from some dubious suppositions as to why Plaza was a success, Miran assumes that the other issuers of the major currencies —sterling, the euro, the yen, and perhaps the yuan can be bullied into cooperating to drive their currencies up against the dollar. With the exception of China it is certainly possible, the other three being spineless partners.
Let’s just pause for a moment and think through the consequences. The prices of US imported goods and commodities will increase because of yet-to-be-defined but punitive tariffs, added to which the dollar’s devaluation will ensure that CPI inflation dominates the economic outlook. And the Fed being bullied into not raising rates can only mean one thing: the dollar will not stop falling and it will lose purchasing power at an accelerating rate.
There’s not much point in criticising Miran’s paper in any detail, because we cannot be certain how much of it will be adopted. Events appear to be overtaking it anyway. The dollar appears to be doomed, with the headline chart to this article showing that technically its trade-weighted index is already looking terrible. And it is hardly surprising that with all this uncertainty, US Treasury bond yields are rising along the yield curve.
Investment strategists, the mainstream media, and traders are just beginning to recognise that it is only a matter of time before the long bond yield rises above 5%, followed by further potentially rapid increases. The background of a sinking economy, only appearing to not be by a soaring budget deficit while bedevilled by rising inflation confirms that US bond yields are heading much higher as the debt trap on the US government slams shut.
Trump’s dictatorial style with its fatal errors comes at a time of increasing fragility in other bond markets, some of whose 30-year maturity yields are already soaring into new high ground as I described in my Substack article of 23 August. The UK faces its own acute problems with a government powerless to take remedial action. And France with its spending out of control faces a non-confidence vote, likely to topple its government. Other bond market yields, notably Japan’s and Germany’s are already leading global yields higher.
The equity bubble bursting is surely getting very close now. The sheer stupidity of Trump’s economic policies is bringing the cliff-edge of a widespread credit collapse forward from months away to a matter of only weeks.
I repeat my earlier messages. It is time to stop accumulating wealth and to project what you have got. You do that by getting out of credit, whose value is on the verge of an accelerating collapse. To get out of credit, which includes all fiat currencies, you must sell them while you can for real money which in everyone’s common law is physical gold without counterparty risk.
3. CHRIS POWELL AND GATA GOLD DISPATCHES/OTHER GOLD RELATED TOPICS
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS 237
5. COMMODITY REPORT RARE EARTHS POTASH + 4 OTHERS
(EpochTimes)
US Proposes Adding Copper, Potash, 4 Others To Critical Minerals List
The United States Department of Interior is proposing to add six “mineral commodities” to the list of critical minerals as part of the Trump administration’s effort to incentivize domestic production and processing of metals, minerals, and rare earth elements vital to the nation’s economy and national defense.
Potash, silicon, copper, silver, rhenium, and lead are recommended by the U.S. Geological Survey (USGS) for inclusion on the list, which will be formally posted in the Federal Register on Aug. 26.
Arsenic and tellurium, defined as critical minerals on the USGS’s 2022 Critical Minerals List, are recommended for removal from the draft list posted Aug. 25.
If adopted as proposed after a 30-day public comment period, the nation’s 2025 Critical Mineral List will expand to 54 “mineral commodities” from 50 three years ago and 35 in 2018.
Of those 50 minerals cited as critical by the USGS in 2022, China-based processors dominate the global market in producing at least 30, an increasingly urgent concern.
Since 2023, China has imposed restrictions on strategic materials exported to the United States, including gallium, germanium, antimony, graphite, and tungsten.
“The U.S. relies heavily on imports of critical minerals and their derivative products that are essential for the manufacturing, energy, transportation, and national security sectors,” National Mining Association Executive Vice President Katie Sweeney said in her May 21 testimony before the House Energy and Commerce Committee.
“Unfortunately,” she said, “for some of these minerals, the U.S. is dependent on a small group of countries—both allies and geopolitical adversaries. This presents considerable risk in supply chain disruptions for many reasons including … foreign government policies creating outright competitive disadvantages for U.S. companies.”
To reduce reliance on imported critical minerals, President Donald Trump issued a March executive order requiring federal agencies to help expedite projects by streamlining permitting, opening more public lands for mining, and including critical mineral development under the regulatory auspices of the Defense Production Act.
In the past month, the Energy Department announced that it would shift $1 billion from programs established under 2021’s Bipartisan Infrastructure Law and 2022’s Inflation Reduction Act into funding critical mineral projects. According to Reuters, the Trump administration is also considering reallocating at least $2 billion from the 2022 CHIPS and Science Act into critical mineral mining and processing.
“President Trump has made clear that strengthening America’s economic and national security means securing the resources that fuel our way of life,” Interior Secretary Doug Burgum said in a statement accompanying the USGS draft list.
A 2017 executive order issued by Trump requires the USGS, the Department of Energy, the Department of Defense, and the Department of the Interior to analyze and address the vulnerability of domestic supply chains for critical minerals. The Energy Act of 2020 requires the list to be updated every three years.
The 2025 three-year update was developed using a new methodology that assessed potential effects of more than 1,200 “trade disruption scenarios” involving 84 mineral commodities on 402 individual industries and the U.S. economy overall.
The modeled economic impacts were then weighted by the probability of the disruption scenario, the USGS said. “Probability weighting combines the likelihood of a scenario occurring with the impact of the scenario,” the survey said in an Aug. 25 methodology explainer.
USGS acting Director Sarah Ryker said the proposed new draft list reflects “advances in forecasting potential mineral supply chain disruptions” that provide “a next generation risk assessment that can be used to prioritize securing the nation’s mineral supply chains.”
“Minerals-based industries contributed over $4 trillion to the U.S. economy in 2024,” she added, “and with this methodology we can pinpoint which industries may feel the greatest impacts of supply disruptions and understand where strategic domestic investments or international trade relationships may help mitigate risk to individual supply chains.”
The top 10 mineral commodities, in descending order by the estimated probability-weighted impact of supply disruptions on the U.S. economy, are samarium, rhodium, lutetium, terbium, dysprosium, gallium, germanium, gadolinium, tungsten, and niobium.
The Energy Act of 2020 gives the Interior secretary broad authority to designate additional minerals for inclusion on the Critical Minerals List.
Metallurgical coal and uranium are cited by the Trump administration as preferred entries onto the list, and “the USGS intends to analyze and provide information to the secretary on the potential for including them on the 2025 List of Critical Minerals,” the agency said.
The Interior Department encouraged Americans to make their views known during the 30-day comment period.
“Public comment is specifically welcomed on inclusion of metallurgical coal and uranium, whether other minerals should be added,” it said.
The proposed list “provides a clear, science-based roadmap to reduce our dependence on foreign adversaries, expand domestic production and unleash American innovation,” Burgum said.
“By working with industry and state partners,” he concluded, “we are ensuring that the minerals powering our energy, defense, and technology supply chains are produced and processed in the United States by American workers.”
ASIAN MARKETS THIS WEDNESDAY MORNING:
SHANGHAI CLOSED DOWN 68.03 PTS OR 1.76%
//Hang Seng CLOSED DOWN 323.16 PTS OR 1.27%
// Nikkei CLOSED UP 125.47 PTS OR 0.31% //Australia’s all ordinaries CLOSED UP 0.26%
//Chinese yuan (ONSHORE) CLOSED DOWN AT 7.1609 OFFSHORE CLOSED DOWN AT 7.1602/ Oil DOWN TO 62.98 dollars per barrel for WTI and BRENT DOWN TO 66.93 Stocks in Europe OPENED MOSTLY RED
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN DOWN IN TRADING AT 7.1609 AND WEAKER//OFF SHORE YUAN TRADING DOWN TO 7.1602 AGAINST US DOLLAR/ AND THUS WEAKER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS WENESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN TO 7.1609
OFFSHORE YUAN: DOWN TO 7.1602
HANG SENG CLOSED DOWN 323.16 PTS OR 1.27%
2. Nikkei closed UP 125.47 PTS OR 0.30%
3. Europe stocks SO FAR: MOSTLY ALL RED
USA dollar INDEX UP TO 98.53 EURO FALLS TO 1.1587 DOWN 50 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1.623//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.92…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.6928Italian 10 Yr bond yield DOWN to 3.571 SPAIN 10 YR BOND YIELD DOWN TO 3.303
3i Greek 10 year bond yield DOWN TO 3.404
3j Gold at $3384.15 Silver at: 38.33 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 82 /100 roubles/dollar; ROUBLE AT 82.32
3m oil (WTI) into the 62 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 147.601/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.623% 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 0.8064 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9344 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 UP 0 BASIS PTS…
USA 30 YR BOND YIELD: 4.911 UP 0 BASIS PTS/
USA 2 YR BOND YIELD: 3.652 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 41.040
10 YR UK BOND YIELD: 4.7220 DOWN 2 PTS
10 YR CANADA BOND YIELD: 3.464 DOWN 0 BASIS PTS
5 YR CANADA BOND YIELD: 2.960 DOWN 0 PTS
2a New York OPENING REPORT
Futures Flat, Dollar Jumps Ahead Of Nvidia’s Critical Earnings
by Tyler Durden
Wednesday, Aug 27, 2025 – 08:51 AM
Futures are flat with all eyes on NVDA – the largest S&P component by far accounting for a record 8% of the S&P – set to report after the bell. As of 8:00am, S&P futures are just barely in the green recovering from a modest loss earlier, while Nasdaq futures gain 0.1%, with NVDA up +54bps premarket, tracking most of the Mag7 higher and Semis also bid. Cyclicals are mixed (Industrials up, Fins down) with Defensives mostly higher. The yield curve is twisting steeper but with a lesser magnitude to yesterday: bonds steadied after long-dated debt from the US to France and the UK retreated Tuesday, with the yield on 10-year Treasuries little changed at 4.27%. $70 billion of 5Y notes will be auctioned at 1pm ET; yesterday’s 2Y auction saw strong demand closing 1.5bp through. The USD jumps to the highest since Friday’s Jackson Hole dovish pivot, with the Euro sliding to a 3 week low as attention turns to the political mess in Europe, and gold continues to trade rangebound. The market’s focus is on NVDA today (our preview is here).
In premarket trading, Mag 7 stocks are mixed (Nvidia +0.6%, Microsoft +0.2%, Tesla +0.1%, Apple little changed, Amazon little changed, Meta -0.2%, Alphabet -0.3%).
Elanco Animal Health (ELAN) gains 4.9% with the company to replace Sarepta Therapeutics in the S&P MidCap 400 effective Sept. 2.
MongoDB (MDB) shares soar 31% after the software company reported second-quarter results that were much stronger than expected. It also raised its full-year forecast.
nCino (NCNO) gains 11% after reporting adjusted earnings per share for the second quarter that beat the average analyst estimate.
Okta (OKTA) is up 5.4% after the software company reported second-quarter results that beat expectations and raised its full-year forecast.
There’s been plenty to rattle markets in recent days, including French political turmoil and the Trump administration’s attacks on the Fed, as well as fresh tariff threats. But investors are now focusing on Nvidia’s earnings, due after the bell (our full preview is here). The chipmaking giant is expected to provide clues on the sustainability of massive AI spending, and how the US-China rivalry is limiting growth. Options currently imply a 6.1% swing in the stock, which would represent a move of roughly $270 billion in either direction in market value, larger than about 95% of the S&P 500 companies.
“Nvidia is the story of the week. We’ve seen some erosion of the AI premium, so this is an important number to determine whether the AI story has got further to go,” said Guy Miller, chief strategist at Zurich Insurance Group. “This could either allow the technology cycle, the AI dream, to continue, or it could get significantly dented.”
Dimming the excitement is uncertainty over how much business Nvidia will be able to do in China. The US government has curbed China’s access to Nvidia products on national security grounds. While the Trump administration recently eased some of those export restrictions, Beijing has pressed domestic customers to seek alternative suppliers.
“A miss could spark meaningful volatility, while a positive surprise would likely see the major indexes make a run at all-time highs,” said Tom Essaye at The Sevens Report.
Elsewhere, in a reminder of the lingering tariff threat to global trade and inflation, Trump’s 50% levy on most Indian imports took effect Wednesday, penalizing the country for buying Russian oil. In Europe, the EU aims to fast-track legislation by the end of the week to scrap all tariffs on US industrial goods — a Trump demand before Washington lowers duties on the bloc’s car exports.
In Europe, The Stoxx 600 is steady after giving up earlier gains. The CAC 40 outperforms with a 0.4% rise even as the OAT-bund spreads widens slightly.
Earlier in the session, Asian stocks declined, weighed down by a sudden drop in Chinese equities, as an absence of new reasons to buy paved the way for profit-taking. The MSCI Asia Pacific Index slipped as much as 1.1%, with Tencent, Woolworths Group and Meituan the biggest drags on the gauge. Major equity indexes in the region were mixed, with those in China and Hong Kong dropping, while the Philippines and Taiwan were among the top gainers. Chinese equities slid in the afternoon session, reversing an earlier advance. One reason for the reversal may have been the fact that chipmaker Cambricon Technologies Corp. briefly became the country’s most expensive onshore stock, which then triggered some profit taking. Chinese officials are seeking to manage bubble risks as the rally extends. Sinolink Securities Co. raised its margin deposit ratio for new client financing to 100%, becoming the first broker to introduce tightening measures amid surging interest in stocks.
In FX, the Bloomberg Dollar Spot Index is up 0.3% as the greenback strengthens versus its G-10 peers. The kiwi is the weakest, falling 0.5% while the Canadian dollar is the most resilient, slipping just 0.1%.
In rates, the Treasury curve steepens further following Tuesday’s front-end rally, stoked in part by strong demand for 2-year note auction. However, new 2-year note’s yield dipped below 3.65%, the lowest for the tenor since early May. Supply cycle continues with $70 billion auction of 5-year notes, the largest of the seven nominal coupon sales, at 1 p.m. New York time. Yields are within 1bp of Tuesday’s closing levels; the 10-year near 4.27%; swap contracts linked to future Fed rate decisions continue to fully price in one quarter-point rate cut this year in October and a second one by year-end.
In commodities, WTI crude futures fall 0.4% to $63 a barrel. Spot gold drops $12. Bitcoin is down 0.5%.
US economic data calendar is blank; second estimate of 2Q GDP is ahead Thursday, July personal income and spending (includes PCE price indexes) Friday. Fed speaker slate includes Richmond Fed President Barkin repeating his Aug. 12 remarks on the economy (time TBD). Nvidia’s earnings after the US close will be the main highlight.
Market Snapshot
S&P 500 mini little changed
Nasdaq 100 mini little changed
Russell 2000 mini -0.1%
Stoxx Europe 600 little changed
DAX -0.3%
CAC 40 +0.2%
10-year Treasury yield little changed at 4.26%
VIX +0.2 points at 14.77
Bloomberg Dollar Index +0.3% at 1208.98
euro -0.4% at $1.159
WTI crude -0.4% at $63.01/barrel
Top Overnight News
New tariffs on Indian goods, the highest in Asia, took effect at 12:01 a.m. in Washington on Wednesday, doubling the existing 25% duty on Indian exports: BBG
Cracker Barrel said it is reverting to its “Old Timer” logo after a rebrand ignited a culture war. “We said we would listen, and we have. Our new logo is going away and our ‘Old Timer’ will remain,” the company said Tuesday. Cracker Barrel’s shares jumped more than 9% in after-hours trading.
Musk’s Starship carries out successful space mission after multiple failures. Giant SpaceX rocket’s 10th test flight deploys dummy satellites and reinforces billionaire’s dominance of commercial space flight: FT
Exxon Mobil Corp. held talks with Russia’s state-controlled oil company about returning to its Sakhalin-1 oil development: WSJ
Commerce Secretary Howard Lutnick sparked a minor rally in shares of defense contractors with his suggestion that the US might take ownership stakes in some of them, even as industry analysts warned the idea poses serious conflict-of-interest concerns: CNBC
Why the Democrats are losing post-industrial America. Former steel town of Bethlehem, Pennsylvania will be crucial battleground in next year’s midterms and the 2028 White House race: FT
US offers air and intelligence support to postwar force in Ukraine. Washington prepared to contribute surveillance, command and control and air defence assets, say European officials: FT
China’s industrial companies saw their profits fall at a slower pace in July, with industrial profits declining 1.5% last month from a year earlier, Bloomberg Economics had forecast a decline of 5.8%: BBG
Cambricon Technologies Corp. swung to a record profit in the first half, reflecting a wave of demand for Chinese chips after Beijing encouraged the use of homegrown technology in a post-DeepSeek AI boom: BBG
Ukraine to allow young men to leave the country. Change to border rules aims to address high number of males being sent abroad by their parents before they reach 18: FT
Microsoft Investigating Employees After Gaza Protest Locks Down Building. The tech company is weighing disciplinary measures for employees who occupied President Brad Smith’s office in protest of Microsoft’s relationship with the Israeli government during its war in Gaza: WSJ
America’s most senior envoy in Pakistan has told the South Asian nation that US companies are showing “strong interest” in its oil and gas sector: BBG
French assets hit by prospect of government collapse. Investors warn government is likely to lose a snap confidence vote on September 8: FT
Trump media group in $6bn deal to buy Crypto.com tokens. Venture will be the ‘first and largest publicly traded CRO treasury company’: FT
US tariff threat over Indian imports of Russian oil could backfire. If New Delhi reduced its purchases to zero, oil prices and inflation would jump: FT
Top Corporate News
Royal Bank of Canada beat estimates on strong performance across its biggest businesses and as the firm set aside less money than expected to cover possible loan losses, a rebound from notable misses on credit earlier this year.
Newmont Corp., the world’s largest gold miner, is studying plans to drive down costs that could lead to deep job cuts.
MongoDB Inc. soared 29% in premarket trading after the software company reported second-quarter results well above expectations and significantly raised its forecast, with analysts at Citi calling the report a “blowout” that showed a strong AI contribution.
Cracker Barrel Old Country Store Inc. said it’s getting rid of a new logo that had sparked controversy and prompted a slump in its share price.
Meituan’s profit got wiped out in a price-based battle with rivals Alibaba Group Holding Ltd. and JD.com Inc., the most striking sign yet that its longstanding dominance in a lucrative home market is under threat.
Nikon Corp.’s shares surged 21% after Bloomberg reported that EssilorLuxottica SA, the maker of Ray-Ban sunglasses, is exploring a potential deal to increase its stake in the Japanese optical equipment manufacturer.
Rio Tinto Group’s new chief executive officer has combined some of its biggest businesses as he looks to simplify the world’s No. 2 miner.
Vitol Group is set to load the first cargo of Syrian crude oil since the lifting of western sanctions on Damascus as the country’s energy industry attempts to recover of more than a decade of destruction from armed conflict.
Trade/Tariffs
US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
US Senate panel is preparing to hold a hearing next week on Trump’s Fed pick Stephen Miran for the seat vacated by former Fed governor Kugler.
The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to Bloomberg citing sources.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were mostly in the green but with trade rangebound amid recent Fed independence concerns and as participants braced for NVIDIA’s earnings. ASX 200 was kept afloat amid outperformance in the mining and materials industries, although gains are capped by heavy losses in consumer staples and tech, with supermarket operator Woolworths suffering a double-digit percentage drop after it reported a 19% decline in profits. Nikkei 225 traded indecisively, swinging between gains and losses before eventually recovering on currency weakness. Hang Seng and Shanghai Comp lacked firm conviction as the focus turns to earnings releases with the big banks set to report tomorrow, while participants are also awaiting the resumption of US-China talks later in the week.
Top Asian News
Chinese Commerce Ministry official Sheng Qiuping said China is to announce policies to broaden services consumption in September.
Mitsubishi Motor (7211 JT) cuts guidance (JPY): net seen at 10bln (prev. 40bln); operating at 70bln (prev. 100bln), recurring 60bln (prev. 90bln); Co. cites US tariffs, decline in sales volume, increase in selling expenses, competition, inflation.
European bourses (STOXX 600 U/C) opened modestly firmer across the board, but sentiment did dip a little bit off best levels to currently show a mixed picture. European sectors hold a slight positive bias. Consumer Products takes the top spot joined thereafter by Healthcare whilst Banks lag; the latter pressured by Commerzbank (-2.6%) and Deutsche Bank (-2.5%) after the pair received broker downgrades.
Top European News
UK’s Ofgem raises energy price cap by 2% for Oct-Dec (vs exp. 1% by forecaster Cornwall Insight).
EU is preparing emergency measures to support the ailing aluminium industry amid recycling plants in the bloc shutting down capacity due to US producers paying more for European scrap metal, according to FT.
SNB’s Martin said the SNB does not see a risk of deflationary developments and forecasts show a jump in inflation in coming quarters, adds inflation dynamics in Switzerland should not be dramatically disrupted by recent dollar movements. Martin added the current Swiss franc value is more due to dollar weakness than franc strength, but forex market interventions may be necessary to ensure price stability. The SNB currently has no reason to increase or reduce gold holdings. The bar for taking rates into negative territory is higher than for cutting rates when above zero.
UK ONS said June 2025 Producer output Price inflation estimated to be -1.0% Y/Y.
FX
DXY is on a firmer footing and continuing to gain this morning amid a weaker EUR (see below) and following the prior day’s marginal losses owing to Fed independence concerns after President Trump moved to fire Fed Governor Cook who will be challenging the attempt in court. On top of that, it was also reported that the Trump administration is reviewing options for exerting more influence over the Federal Reserve’s regional banks that would potentially extend its reach beyond personnel appointments in Washington. DXY trades in a 98.24-98.70 range.
EUR/USD pared recent gains amid a lack of fresh catalysts from the bloc and with France facing political uncertainty. Losses accumulated for the EUR despite a lack of headlines around the European equity open, with market contacts noting of potential stops tripped under 1.1600 after the pair found support near the level in the prior two session. German GfK Consumer Sentiment did little to sway the EUR at the time, which printed below expectations. EUR/USD currently sits in a 1.1578-1.1651 range.
USD/JPY steadily advanced towards the 148.00 handle as the dollar regained poise with newsflow on the lighter end, but the pair influenced by a rebound in the Buck. USD/JPY trades in a 147.29-147.97 range.
GBP is softer amid the firmer Dollar but losses cushioned by a weaker EUR. On the inflation front, UK’s Ofgem raises energy price cap by 2% for Oct-Dec (vs exp. 1% by forecaster Cornwall Insight). The price cap limits the amount suppliers can charge per unit of energy and is revised every three months. Cable trades in a 1.3431-1.3482 parameter and sandwiched between its 50 DMA (1.3493) and 100 DMA (1.3436).
AUD/USD failed to sustain the initial knee-jerk uplift seen following hot Monthly CPI data and stronger-than-expected Construction Work which feeds into Australia’s GDP data.
PBoC set USD/CNY mid-point at 7.1108 vs exp. 7.1559 (Prev. 7.1188)
Fixed Income
USTs traded with a negative bias earlier but caught a slight bid as the risk tone deteriorated a touch; in a very narrow 112-02+ to 112-06+ range. Price action overnight was lacklustre, as US paper took a breather following the bull steepening seen on Tuesday, spurred by US President Trump’s move to oust Fed Governor Cook. Today’s session has seen yields rise across the curve, generally to a similar degree. Recent newsflow has not really had too much of an impact on price action today; US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
Bunds are outperforming vs peers; initial trade was sloppy in-fitting with global peers but has recently picked up a little to trade higher by a handful of ticks. Currently trading at the upper end of a 129.33 to 129.71 range. The docket is void of any pertinent European data/ECB speakers. German GfK earlier saw sentiment drop a little from the prior, and more than expected. Germany’s new 2032 line which was very weak, had little impact on price action.
Gilt price action today has been dictated by global peers; initially opened lower amid the subdued trade seen in USTs/Bunds, but then reversed, but without a clear driver. Currently higher by around 17 ticks, and trades in a 90.26-62 range.
Germany sells EUR 2.675bln vs exp. EUR 4.0bln 2.50% 2032 Bund: b/c 1.2x, average yield 2.46% and retention 33.13%.
Commodities
Crude futures have tilted lower following a flat overnight session and after retreating throughout the prior day and with demand not helped by the narrower-than-expected headline crude draw in private sector inventory data, while there were also bearish views on oil including from US President Trump who thinks oil will fall beneath the USD 60/bbl level soon and with Goldman Sachs forecasting Brent to decline to the low USD 50s by late 2026. WTI currently resides in a 62.99-63.46/bbl range while Brent sits in a USD 66.40-66.91/bbl range.
Spot gold pulled back from near the USD 3,400/oz level after advancing yesterday amid a softer dollar. The yellow metal has been unfazed by the recent bout of Dollar strength, suggesting deteriorating risk across the market. Spot gold trades in a USD 3,373.78-3,393.55/oz parameter within Tuesday’s 3,351.33-3,393.75/oz range.
Softer trade across base metals amid the deteriorating risk and broader Dollar strength. 3M LME copper resides in a USD 9,785.00-9,865.00/t range.
US President Trump thinks oil prices will break below USD 60/bbl soon.
US Private Energy Inventories (bbls): Crude -1.0mln (exp. -1.9mln), Distillate -1.5mln (exp. +0.9mln), Gasoline -2.1mln (exp. -2.2mln), Cushing -0.5mln.
Kazakhstan holds talks to resume oil transit via BTC, according to Tass citing the energy ministry; oil supplies to Europe are proceeding without delays.
Two Chinese investors are interested in taking a stake in Vietnam’s largest tungsten business, via Reuters citing sources.
Ukraine’s Energy Ministry said Russia attacked energy and gas transit infrastructure in six Ukrainian regions overnight.
Geopolitics – Middle East
US special envoy Witkoff said they are negotiating multiple entries into peace accords with Israel, while Witkoff said President Trump will chair a meeting on Gaza at the White House on Wednesday.
US Secretary of State Rubio is to meet with Israeli Foreign Minister Sa’ar at the State Department on Wednesday.
Hamas said all Palestinians killed by Israel in Gaza’s Nasser Hospital attack on Monday were civilians and that two of the six Palestinians identified by Israel as alleged militants were killed in separate attacks away from the hospital.
WSJ’s Norman posts “If SnapBack happens this week, very strong odds it happens tomorrow”; in relation to the Iranian snapback mechanism. “If no SnapBack, either things change dramatically or extension. Odds of dropping SnapBack without extension are tiny at this point. There is still a very real possibility that SnapBack triggered but extension agreed during 30-day process. Depends on Iran”.
Geopolitics – Ukraine
US special envoy Witkoff said he is meeting with Ukrainians in New York this week and that Russian President Putin made a good-faith effort to engage.
“Moscow: No agreement yet to upgrade the level of Russian and Ukrainian negotiating delegations”, according to Al Arabiya.
Ukrainian President Zelensky said Russians are currently sending negative signals regarding meetings and further developments.
US Event Calendar
7:00 am: Aug 22 MBA Mortgage Applications -0.5%, prior -1.4%
2b European opening report
DXY firmer & USTs contained in quiet trade ahead of NVIDIA earnings – Newsquawk US Market Open
Wednesday, Aug 27, 2025 – 05:39 AM
European bourses opened mostly firmer but now display a mixed picture; NVDA +0.5% into earnings.
DXY rises following prior day’s losses and risk aversion; Aussie fails to benefit from earlier upside post-CPI.
USTs steady, Bunds/Gilts are bid albeit with little newsflow, but as the risk tone dipped a touch.
Industrials trade softer on risk aversion, gold holds its ground despite Dollar strength.
Looking ahead, Comments from Fed’s Barkin, Supply from the US, Earnings from NVIDIA, Snowflake, CrowdStrike, HP Inc. & Kohl’s.
2. Listen to this report in the market open podcast (available on Apple and Spotify)
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TRUMP VS FED
US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
US Senate panel is preparing to hold a hearing next week on Trump’s Fed pick Stephen Miran for the seat vacated by former Fed governor Kugler.
The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to Bloomberg citing sources.
TARIFFS/TRADE
Japan’s trade negotiator Akazawa is to visit the US from Thursday to discuss Japan’s investment in the US.
Spanish Government told Politico its digital tax “applies equally to all large digital companies, regardless of their country of origin. Our commitment is to fair and effective taxation of the digital economy.”
EUROPEAN TRADE
EQUITIES
European bourses (STOXX 600 U/C) opened modestly firmer across the board, but sentiment did dip a little bit off best levels to currently show a mixed picture.
European sectors hold a slight positive bias. Consumer Products takes the top spot joined thereafter by Healthcare whilst Banks lag; the latter pressured by Commerzbank (-2.6%) and Deutsche Bank (-2.5%) after the pair received broker downgrades.
US equity futures are mixed/flat, with the ES and NQ trading around the unchanged mark whilst the RTY lags a touch. All focus will be on NVIDIA results after-hours, shares are currently higher by around 0.5% in pre-market trade.
DXY is on a firmer footing and continuing to gain this morning amid a weaker EUR (see below) and following the prior day’s marginal losses owing to Fed independence concerns after President Trump moved to fire Fed Governor Cook who will be challenging the attempt in court. On top of that, it was also reported that the Trump administration is reviewing options for exerting more influence over the Federal Reserve’s regional banks that would potentially extend its reach beyond personnel appointments in Washington. DXY trades in a 98.24-98.70 range.
EUR/USD pared recent gains amid a lack of fresh catalysts from the bloc and with France facing political uncertainty. Losses accumulated for the EUR despite a lack of headlines around the European equity open, with market contacts noting of potential stops tripped under 1.1600 after the pair found support near the level in the prior two session. German GfK Consumer Sentiment did little to sway the EUR at the time, which printed below expectations. EUR/USD currently sits in a 1.1578-1.1651 range.
USD/JPY steadily advanced towards the 148.00 handle as the dollar regained poise with newsflow on the lighter end, but the pair influenced by a rebound in the Buck. USD/JPY trades in a 147.29-147.97 range.
GBP is softer amid the firmer Dollar but losses cushioned by a weaker EUR. On the inflation front, UK’s Ofgem raises energy price cap by 2% for Oct-Dec (vs exp. 1% by forecaster Cornwall Insight). The price cap limits the amount suppliers can charge per unit of energy and is revised every three months. Cable trades in a 1.3431-1.3482 parameter and sandwiched between its 50 DMA (1.3493) and 100 DMA (1.3436).
AUD/USD failed to sustain the initial knee-jerk uplift seen following hot Monthly CPI data and stronger-than-expected Construction Work which feeds into Australia’s GDP data.
PBoC set USD/CNY mid-point at 7.1108 vs exp. 7.1559 (Prev. 7.1188)
USTs traded with a negative bias earlier but caught a slight bid as the risk tone deteriorated a touch; in a very narrow 112-02+ to 112-06+ range. Price action overnight was lacklustre, as US paper took a breather following the bull steepening seen on Tuesday, spurred by US President Trump’s move to oust Fed Governor Cook. Today’s session has seen yields rise across the curve, generally to a similar degree. Recent newsflow has not really had too much of an impact on price action today; US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
Bunds are outperforming vs peers; initial trade was sloppy in-fitting with global peers but has recently picked up a little to trade higher by a handful of ticks. Currently trading at the upper end of a 129.33 to 129.71 range. The docket is void of any pertinent European data/ECB speakers. German GfK earlier saw sentiment drop a little from the prior, and more than expected. Germany’s new 2032 line which was very weak, had little impact on price action.
Gilt price action today has been dictated by global peers; initially opened lower amid the subdued trade seen in USTs/Bunds, but then reversed, but without a clear driver. Currently higher by around 17 ticks, and trades in a 90.26-62 range.
Crude futures have tilted lower following a flat overnight session and after retreating throughout the prior day and with demand not helped by the narrower-than-expected headline crude draw in private sector inventory data, while there were also bearish views on oil including from US President Trump who thinks oil will fall beneath the USD 60/bbl level soon and with Goldman Sachs forecasting Brent to decline to the low USD 50s by late 2026. WTI currently resides in a 62.99-63.46/bbl range while Brent sits in a USD 66.40-66.91/bbl range.
Spot gold pulled back from near the USD 3,400/oz level after advancing yesterday amid a softer dollar. The yellow metal has been unfazed by the recent bout of Dollar strength, suggesting deteriorating risk across the market. Spot gold trades in a USD 3,373.78-3,393.55/oz parameter within Tuesday’s 3,351.33-3,393.75/oz range.
Softer trade across base metals amid the deteriorating risk and broader Dollar strength. 3M LME copper resides in a USD 9,785.00-9,865.00/t range.
US President Trump thinks oil prices will break below USD 60/bbl soon.
US Private Energy Inventories (bbls): Crude -1.0mln (exp. -1.9mln), Distillate -1.5mln (exp. +0.9mln), Gasoline -2.1mln (exp. -2.2mln), Cushing -0.5mln.
Kazakhstan holds talks to resume oil transit via BTC, according to Tass citing the energy ministry; oil supplies to Europe are proceeding without delays.
Two Chinese investors are interested in taking a stake in Vietnam’s largest tungsten business, via Reuters citing sources.
Ukraine’s Energy Ministry said Russia attacked energy and gas transit infrastructure in six Ukrainian regions overnight.
UK’s Ofgem raises energy price cap by 2% for Oct-Dec (vs exp. 1% by forecaster Cornwall Insight).
EU is preparing emergency measures to support the ailing aluminium industry amid recycling plants in the bloc shutting down capacity due to US producers paying more for European scrap metal, according to FT.
SNB’s Martin said the SNB does not see a risk of deflationary developments and forecasts show a jump in inflation in coming quarters, adds inflation dynamics in Switzerland should not be dramatically disrupted by recent dollar movements. Martin added the current Swiss franc value is more due to dollar weakness than franc strength, but forex market interventions may be necessary to ensure price stability. The SNB currently has no reason to increase or reduce gold holdings. The bar for taking rates into negative territory is higher than for cutting rates when above zero.
UK ONS said June 2025 Producer output Price inflation estimated to be -1.0% Y/Y.
NOTABLE DATA RECAP
German GfK Consumer Sentiment (Sep) -23.6 vs. Exp. -22.0 (Prev. -21.5, Rev. -21.7); German consumers’ inflation expectations rose for the second month in a row in August.
NOTABLE US HEADLINES
GEOPOLITICS
MIDDLE EAST
US special envoy Witkoff said they are negotiating multiple entries into peace accords with Israel, while Witkoff said President Trump will chair a meeting on Gaza at the White House on Wednesday.
US Secretary of State Rubio is to meet with Israeli Foreign Minister Sa’ar at the State Department on Wednesday.
Hamas said all Palestinians killed by Israel in Gaza’s Nasser Hospital attack on Monday were civilians and that two of the six Palestinians identified by Israel as alleged militants were killed in separate attacks away from the hospital.
WSJ’s Norman posts “If SnapBack happens this week, very strong odds it happens tomorrow”; in relation to the Iranian snapback mechanism. “If no SnapBack, either things change dramatically or extension. Odds of dropping SnapBack without extension are tiny at this point. There is still a very real possibility that SnapBack triggered but extension agreed during 30-day process. Depends on Iran”.
RUSSIA-UKRAINE
US special envoy Witkoff said he is meeting with Ukrainians in New York this week and that Russian President Putin made a good-faith effort to engage.
“Moscow: No agreement yet to upgrade the level of Russian and Ukrainian negotiating delegations”, according to Al Arabiya.
Ukrainian President Zelensky said Russians are currently sending negative signals regarding meetings and further developments.
CRYPTO
Bitcoin is a little firmer today and trades around USD 110k whilst Ethereum outperforms a touch to trade above USD 4.5k.
APAC TRADE
APAC stocks were mostly in the green but with trade rangebound amid recent Fed independence concerns and as participants braced for NVIDIA’s earnings.
ASX 200 was kept afloat amid outperformance in the mining and materials industries, although gains are capped by heavy losses in consumer staples and tech, with supermarket operator Woolworths suffering a double-digit percentage drop after it reported a 19% decline in profits.
Nikkei 225 traded indecisively, swinging between gains and losses before eventually recovering on currency weakness.
Hang Seng and Shanghai Comp lacked firm conviction as the focus turns to earnings releases with the big banks set to report tomorrow, while participants are also awaiting the resumption of US-China talks later in the week.
NOTABLE ASIA-PAC HEADLINES
Chinese Commerce Ministry official Sheng Qiuping said China is to announce policies to broaden services consumption in September.
Mitsubishi Motor (7211 JT) cuts guidance (JPY): net seen at 10bln (prev. 40bln); operating at 70bln (prev. 100bln), recurring 60bln (prev. 90bln); Co. cites US tariffs, decline in sales volume, increase in selling expenses, competition, inflation.
DATA RECAP
Chinese Industrial Profits YY (Jul) -1.5% (Prev. -4.3%)
Chinese Industrial Profits YTD (Jul) -1.7% (Prev. -1.8%)
Australian Weighted CPI YY (Jul) 2.8% vs. Exp. 2.3% (Prev. 1.9%)
Australian Annual Trimmed Mean CPI YY (Jul) 2.70% (Prev. 2.10%)
Australian Construction Work Done (Q2) 3.0% vs. Exp. 0.7% (rev. 0.0%)
2c) Asian opening report
European stocks set to rebound after several Fed updates & into NVIDIA earnings – Newsquawk Europe Market Open
Wednesday, Aug 27, 2025 – 01:54 AM
US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to Bloomberg citing sources.
US President Trump said he is talking about economic sanctions on Russia if there is no ceasefire; US President Trump thinks oil prices will break below USD 60/bbl soon.
APAC stocks were mostly in the green but with trade rangebound; European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with losses of 1.1% on Tuesday.
Looking ahead, highlights include German GfK Consumer Sentiment, Comments from Fed’s Barkin, Supply from UK & US, Earnings from NVIDIA, Snowflake, CrowdStrike, HP Inc. & Kohl’s.
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US TRADE
EQUITIES
US stocks closed higher with outperformance in Industrials, Financials and Tech, while Consumer Staples, Real Estate and Communication lagged, although there was a bout of choppiness in late trade ahead of a last-minute rally as the MSCI August 2025 Index review balance took effect, which might explain some of the volatility.
Nonetheless, focus was largely on Trump vs the Fed after the US President announced he is firing Cook, albeit she refused and will challenge the decision by Trump. This saw the Dollar sold and the Treasury curve steepen on prospects of a more dovish Fed, which benefited low-yielding currencies like the Franc and Yen.
SPX +0.40% at 6,465, NDX +0.43% at 23,525, DJI +0.30% at 45,418, RUT +0.81% at 2,358.
US President Trump said the furniture tariff will be done pretty quickly and will be very substantial, while Trump said the EU, Japan and South Korea trade deals are done and that they kept the same deal with South Korea. It was separately reported that Trump said he is getting on very well with China and President Xi.
Japan’s trade negotiator Akazawa is to visit the US from Thursday to discuss Japan’s investment in the US.
NOTABLE HEADLINES
Fed Discount Rate Minutes stated that Federal Reserve Bank directors noted stable economic conditions, but most also cited concerns about the economic impact of tariffs and about the potential effects of recent legislative changes, especially on the healthcare sector. Some directors observed that despite continuing uncertainty, customers and businesses were cautiously proceeding with investments or other projects, and several directors noted increased pass-through of tariff-related import costs, while comments on labour market conditions were mixed, with some directors noting signs of softening in hiring and others reporting steady activity and resilience.
Fed’s Barkin (2027 voter) warned US workforce growth is basically zero without immigration, while he also commented that his forecast is for a modest adjustment in interest rates, given what he expects will be little variation in economic activity over the remainder of the year but noted the forecast could change.
Fed spokesperson said Congress, through the Federal Reserve Act, directs that governors serve in long, fixed terms and may be removed by the President only “for cause”, while long tenures and removal protections for governors serve as a vital safeguard, ensuring that monetary policy decisions are based on data, economic analysis, and the long-term interests of the American people. The spokesperson added the Federal Reserve will continue to carry out its duties as established by law and Lisa Cook has indicated through her personal attorney that she will promptly challenge this action in court.
US President Trump said if Powell gets out quickly, they will have a majority shortly on the Fed and might switch Miran to another longer-term Fed spot, while he added that interest rates must come down for housing costs. Trump said regarding the Fed statement on Cook, that he will abide by the courts, while he earlier commented that they have good people for Fed’s Cook replacement and have somebody in mind.
US President Trump is considering quickly announcing a nominee to replace Fed Governor Cook with Stephen Miran and former World Bank President Malpass potential candidates, according to WSJ citing sources.
US Senate panel is preparing to hold a hearing next week on Trump’s Fed pick Stephen Miran for the seat vacated by former Fed governor Kugler.
The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to Bloomberg citing sources.
US Treasury Secretary Bessent said Fed independence comes from a political arrangement, and public trust is the only thing giving the Fed credibility. Bessent added they will see a bigger capex boom from here, and that the Treasury is taking in record tariff revenues.
APAC TRADE
EQUITIES
APAC stocks were mostly in the green but with trade rangebound amid recent Fed independence concerns and as participants braced for NVIDIA’s earnings.
ASX 200 was kept afloat amid outperformance in the mining and materials industries, although gains are capped by heavy losses in consumer staples and tech, with supermarket operator Woolworths suffering a double-digit percentage drop after it reported a 19% decline in profits.
Nikkei 225 traded indecisively, swinging between gains and losses before eventually recovering on currency weakness.
Hang Seng and Shanghai Comp lacked firm conviction as the focus turns to earnings releases with the big banks set to report tomorrow, while participants are also awaiting the resumption of US-China talks later in the week.
US equity futures traded steadily after yesterday’s rebound and as the attention turns to upcoming earnings from NVIDIA.
European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with losses of 1.1% on Tuesday.
FX
DXY eked mild gains after the prior day’s marginal losses owing to Fed independence concerns after President Trump moved to fire Fed Governor Cook who will be challenging the attempt in court, while it was also reported that the Trump administration is reviewing options for exerting more influence over the Federal Reserve’s regional banks that would potentially extend its reach beyond personnel appointments in Washington.
EUR/USD pared recent gains amid a lack of fresh catalysts from the bloc and with France facing political uncertainty.
GBP/USD marginally softened but remained in tight parameters owing to quiet newsflow and with a sparse data calendar.
USD/JPY steadily advanced towards the 148.00 handle as the dollar regained poise.
Antipodeans slightly weakened after AUD/USD failed to sustain the initial knee-jerk uplift seen following hot Monthly CPI data and stronger-than-expected Construction Work which feeds into Australia’s GDP data.
PBoC set USD/CNY mid-point at 7.1108 vs exp. 7.1559 (Prev. 7.1188)
BoC Governor Macklem said the Bank will not revisit its 2% inflation target for the monetary policy framework review next year. Macklem also stated that steep new US tariffs and the unpredictability of US policy have reduced economic efficiency and increased uncertainty, as well as noted that headwinds that limit supply could mean more upward pressure on inflation going forward.
FIXED INCOME
10yr UST futures took a breather following the recent bull steepening that was spurred by President Trump’s move to fire Fed Governor Cook although questions remain on the legality of the move which sets up a historic legal battle.
Bund futures lingered around the prior best levels but with further upside capped by resistance around the 129.50 level and with a light calendar ahead for Europe aside from German GfK Consumer Confidence data.
10yr JGB futures edged marginally amid the indecisive risk appetite and lack of data from Japan.
COMMODITIES
Crude futures were constrained after retreating throughout the prior day and with demand not helped by the narrower-than-expected headline crude draw in private sector inventory data, while there were also bearish views on oil including from US President Trump who thinks oil will fall beneath the USD 60/bbl level soon and with Goldman Sachs forecasting Brent to decline to the low USD 50s by late 2026.
US President Trump thinks oil prices will break below USD 60/bbl soon.
US Private Energy Inventories (bbls): Crude -1.0mln (exp. -1.9mln), Distillate -1.5mln (exp. +0.9mln), Gasoline -2.1mln (exp. -2.2mln), Cushing -0.5mln.
Spot gold pulled back from near the USD 3,400/oz level after advancing yesterday amid a softer dollar.
Copper futures slightly trickled lower in rangebound traded amid a somewhat tentative mood.
CRYPTO
Bitcoin saw two-way price action and returned to relatively flat territory after bouncing off support at the USD 111k level.
NOTABLE ASIA-PAC HEADLINES
Chinese Commerce Ministry official Sheng Qiuping said China is to announce policies to broaden services consumption in September.
DATA RECAP
Chinese Industrial Profits YY (Jul) -1.5% (Prev. -4.3%)
Chinese Industrial Profits YTD (Jul) -1.7% (Prev. -1.8%)
Australian Weighted CPI YY (Jul) 2.8% vs. Exp. 2.3% (Prev. 1.9%)
Australian Annual Trimmed Mean CPI YY (Jul) 2.70% (Prev. 2.10%)
Australian Construction Work Done (Q2) 3.0% vs. Exp. 0.7% (rev. 0.0%)
GEOPOLITICS
MIDDLE EAST
US special envoy Witkoff said they are negotiating multiple entries into peace accords with Israel, while Witkoff said President Trump will chair a meeting on Gaza at the White House on Wednesday.
US Secretary of State Rubio is to meet with Israeli Foreign Minister Sa’ar at the State Department on Wednesday.
Hamas said all Palestinians killed by Israel in Gaza’s Nasser Hospital attack on Monday were civilians and that two of the six Palestinians identified by Israel as alleged militants were killed in separate attacks away from the hospital.
Iran’s Foreign Ministry spokesperson said Tehran and the E3 will continue nuclear talks in the coming day and noted that Tehran’s demands regarding lifting of sanctions and nuclear rights were clearly and explicitly conveyed to the E3 during the meeting, while it warned the E3 over potential consequences of reviving the nuclear deal’s snapback mechanism.
IAEA Director General Grossi has been receiving round-the-clock protection for weeks following a specific Iranian threat, with Tehran accusing IAEA’s Grossi of helping spark Israel’s June attack, according to WSJ.
RUSSIA-UKRAINE
US President Trump said he is talking about economic sanctions on Russia if there is no ceasefire.
US special envoy Witkoff said he is meeting with Ukrainians in New York this week and that Russian President Putin made a good-faith effort to engage.
EU/UK
NOTABLE HEADLINES
EU is preparing emergency measures to support the ailing aluminium industry amid recycling plants in the bloc shutting down capacity due to US producers paying more for European scrap metal, according to FT.
SNB’s Martin said the SNB does not see a risk of deflationary developments and forecasts show a jump in inflation in coming quarters, adds inflation dynamics in Switzerland should not be dramatically disrupted by recent dollar movements. Martin added the current Swiss franc value is more due to dollar weakness than franc strength, but forex market interventions may be necessary to ensure price stability. The SNB currently has no reason to increase or reduce gold holdings. The bar for taking rates into negative territory is higher than for cutting rates when above zero.
3A NORTH KOREA/SOUTH KOREA
SOUTH KOREA//NORTH KOREA/
3B JAPAN
3C CHINA
4. European affairs and NATO
SCOTLAND
Scottish Girl Arrested For Using Knife And Axe To Ward Off Migrant Stalker
Tuesday, Aug 26, 2025 – 04:40 PM
The systematic and engineered destruction of Europe through “multicultural” invasion is heartbreaking to watch. It is clear, beyond any doubt, that this program spearheaded by progressive politicians (and fake conservative politicians) is designed to crush the spirits of predominantly white, native born citizens still retaining a sense of national pride and cultural heritage. That is to say, they have become the targets of a government funded terror campaign to subjugate the west.
Starting around 2014, millions of third world migrants have been allowed to flood into Europe’s borders, often encouraged by globalist NGOs, the UN and leftist political leaders within the host countries. The effects of this decade long campaign have been devastating.
Violent crime has skyrocketed and migrant “grooming gangs” have spread, targeting underage girls for sexual exploitation. Rape has become a common problem, which local governments have chosen to ignore.
Just this week an American man visiting Dresden, Germany was stabbed in the face while bravely preventing two migrants from assaulting a pair of women on a tram. One of the man’s attacker, a Syrian refugee, was arrested by police and then immediately released by prosecutors back onto the streets.
And so the story is repeated, over and over again. European elites invite third world migrants, largely military age men, into their borders in the name of progressive multiculturalism. The migrants then attack the native population because their culture tells them Europeans are cattle to be farmed. Whenever a European dares to speak up or defend themselves, they are slapped down by officials or arrested. The population slowly becomes apathetic, passive and easier to control because they have no recourse but silence.
At bottom, the migrants are merely an ugly symptom of a bigger disease; the source of the problem is the political oligarchy that is facilitating the multicultural agenda.
Yet another example occurred in Scotland this week with the arrest of a 14-year-old girl who went viral on social media after defending another girl from a migrant man stalking them on video. The teen can be seen pulling out a kitchen knife and a hatchet and screaming at the man to leave them alone.
She warns the migrant man “Don’t touch my sister, she’s fucking 12…”
BREAKING – Police have arrested and charged a 14-year-old girl after she was forced to brandish a knife to defend herself and her friend against a migrant who attempted to assault her near St Ann’s Lane in Dundee, Scotland. pic.twitter.com/odBjzIZugA
— Right Angle News Network (@Rightanglenews) August 25, 2025
Now, that same girl has reportedly been arrested by Scottish authorities for “brandishing a bladed weapon”. It is illegal in the UK to carry almost any self defense tool and knives over three inches are banned from personal carry. These laws never seem to apply to migrants, of course, leaving native law abiding citizens helpless against armed attackers.
UK media coverage conveniently leaves out any mention of the migrant man when reporting on the arrest. Details of the arrest are thin and the incident raises many question. The apparent mother of one of the teens present at the scene claims that the man and another woman were sexually propositioning a young girl when she intervened. The migrants then allegedly attacked her and that is when the weapons came out.
It’s clear from the footage that the migrant was following the girls, filming them and refusing to leave when they ask him to go away. It’s hard to come up with a justification for his behavior, but we’re sure the UK media will find a way. The fact that the migrant man was willing to film the altercation suggests he believes he is protected while the girls are not. He may be right.
If the man had been white and Scottish, the teen would likely have been held up as a hero. Instead, she faces prosecution. And this is how you know mass immigration is a malicious agenda, not a sincere humanitarian effort.
The migrant issue is only becoming worse, even as European citizens become more aware and more vocal. In the Netherlands, a 17-year-old Dutch girl was recently assaulted and murdered by a 22-year-old “asylum seeker” while walking the streets of Amsterdam. She was followed and then stabbed to death while trying to call police.
The Dutch media proceeded to cover up the event by turning it into a story on “male violence against women” instead of what it really was, a story about migrant violence against European women.
A 17 y/o Dutch girl was brutally murdered by an asylum seeker last Tuesday night.
In response the entire Dutch establishment is screaming bloody murder about "the patriarchy" and "femicide".
All to deflect from the real issue here: anti-white violence committed by migrants. pic.twitter.com/nZRSRZhDR4
Consider for a moment what might have happened to those Scottish girls had one of them not been armed. The fact that a child felt the need to carry a knife and a hatchet just to walk around her neighborhood is a testament to the downfall of the UK and the rest of Europe. The fact that she has been arrested for warding off a migrant man, a man who refused to leave her alone and who should never have been allowed into the country to begin with, is a testament to the corruption at the heart of European decay.
end
UK
Reform’s Plan For Dealing With UK Illegal Migrants Is A Good Start
In a recent interview with the Times, Reform leader Nigel Farage unveiled his plan for dealing with Britain’s illegal migration crisis. It involves four key elements:
Leaving the ECHR and suspending other relevant treaties
Banning those who arrive through irregular channels from claiming asylum
Moving illegal migrants from hotels and rented accommodation to disused RAF bases, and keeping them there
Striking deals with migrants’ home countries, or failing that, deporting them to third countries or British overseas territories like Ascension Island
Predictably, the plan has been criticised by Farage’s political opponents. One Tory MP claimed that he “is just recycling many ideas the Conservatives have already announced”. Which would be easier to take seriously if the Tories hadn’t had 14 years in government to implement some of those ideas.
Meanwhile, both Labour and the Liberal Democrats claimed that Farage’s plan won’t work. Labour called it “pie in the sky” and the Lib Dems insisted it “doesn’t offer any real solutions”. But what would a real solution look like?
The current situation is manifestly preposterous: tens of thousands of migrants turning up uninvited on the South Coast, and then being housed in hotels and private accommodation at taxpayers’ expense – to the tune of billions of pounds per year. And crucially, the overwhelming majority of such migrants are adult men.
Of the 237,592 attempts made to illegally enter the UK since 2018, 85% involved men. (I’m excluding individuals for whom sex was not known or reported). This is arguably the single most important statistic in the entire debate. It is also worth noting that, of the attempts involving men, 83% involved men aged 18 or older (and the true figure is almost certainly higher because some migrants lie about their age).
In other words, the people that British taxpayers are paying to house in hotels all across the country are not desperate women and children with nowhere else to go. They are overwhelmingly drawn from the least vulnerable demographic group.
Even by the Left’s own self-professed values, this is an absurd policy. There are millions of people around the world that are far more needy than the people who turn up uninvited on the South Coast. And we could help them by providing food, medicine and other essentials in situ. Does anyone really believe that covering hotel bills for adult men in Britain is the best way to help the world’s poor?
Even the Economist, long a bastion of pro-migration sentiment, admits that Europe’s asylum system is not working and should be scrapped. As the magazine correctly notes, “it cannot cope with a world of proliferating conflict, cheap travel and huge wage disparities”.
As far as I can see, neither Labour nor the Lib Dems has any plan that would prevent the continual inflow of illegal migrants into Britain. (Saying that you would “create safe and legal routes” is not a plan.) And the current situation is simply not sustainable: of course people don’t want large numbers of adult men being housed in their communities.
The main weakness of Farage’s plan is the difficulty of striking deals with countries like Iran, which is among the biggest sources of illegal migrants.
Britain does little trade with Iran and already imposes sanctions on its government.
In fact, sanctions relief might be the only way to make them take their citizens back.
[ZH: We would be remiss if we did not note that none other than Elon Musk has been focused on the immigration crisis in the UK over the last 24 hours]
He criticized Farage for not going far enough…
Farage has just attacked me for backing mass deportations – let me be clear about what happened.
What he is referring to is my support for removing foreign/dual nationals who were aware that their husband/brother/uncle/son was raping vulnerable young white girls on an industrial… pic.twitter.com/Jkvt4eGgZv
That’s the conclusion reached by Die Welt newspaper, as cited by Hungarian outlet Mandiner.
Based on numerous case studies, it is clear that “far too many children are being sent to school who can barely concentrate and, above all, who do not speak German.”
Families, children, and teachers are suffering the consequences of the bad policies from politicians. In short, they “have failed.” One major issue is the death of the German language itself, across Germany.
In the Hemshof district of Ludwigshafen, for example, barely a word of German is heard. The students in the district’s Gräfenau elementary school are 98 percent migrants.
Welt indicates that plenty of Asian, African, and Slavic languages present, but as Germany has become a nation of migrants, the German language recedes.
“Italian, Greek, Turkish guest workers since the 1960s, and since 2015, the rest of the world,” Die Welt writes about the progression of immigration waves in the country.
The school principal in the Hemshof district, Barbara Mächtle, has been vocal about the issues.
For example, some 40 first-year students, a third of the year, may not be ready to enter the second grade. According to the newspaper, Mächtle “knows the tricks to cover this up, but he doesn’t use them.” For example, these children are enrolled in the second grade, but then “voluntarily drop out” on the first day of school. Machete refuses to play these games and will force these students to repeat the grade – “not to punish them, but to save them.”
Mächtle also dispels the illusion that being surrounded by German, migrant kids will “absorb it on their own.” She says there is no “language immersion” because children “hear everything except German.”
“No child here is swimming in German waters, they remain in their Arab, Turkish, Afghan pools,” and “at best they develop a basic slang, a German of 50-100 words, which is enough for the street and the schoolyard, but not for a profession that can be understood even partially,” Welt reports.
And then there is the violence inflicting schools, which the paper calls a widespread fire, not just here or there. In 2024, the authorities registered 35,570 school violence incidents, an average of 97 per day; 743 of these involved a knife. Students also express their religion, Islam, “aggressively” in the classroom. As Remix News has reported, 40 percent of all violent crime in the German school system is from foreigners. In addition, many of the German students have a foreign background.
This has created a situation where teachers are expected to be social workers first, taking immense time away from their actual work as teachers. With these students, the parents are not doing their jobs in preparing children to behave properly in the classroom.
It is no wonder teachers are leaving the field, and many are discouraged from entering, which is yet another major issue: a massive teacher shortage.
In Germany, it is no longer possible to provide the current student population with trained teachers. In the countryside, people are not applying for teaching jobs, and in the cities, teachers cannot afford to pay the rent, so many people apply for teaching positions immediately after graduating, only to quickly fail.
“In the past 20 years, fourth-grade maths assignments were often purely text-based. Today, books are full of pictures to make understanding possible at all,” bemoans Andreas Baudisch, the principal of the Humboldt primary school in Mannheim.
“Basic operations are a great deal of work for many children. Many cannot formulate a complete sentence,” says the principal. There are some bright spots. Children from Indian families learn German better in four months than those born here because ‘they practice at home, they are interested in it,’ and this is something that is lacking in many other people who are second or third generation Germans living here.”
Die Welt warns that no so long ago, these issues could only be found in troubled neighborhoods of Berlin, a situation that “horrified” people in the rest of the country.
“That’s over, Berlin is everywhere,” the paper writes.
Quiet and prosperous Switzerland also now has its migrant riots to contend with. In the Swiss city of Lausanne, riots have now broken out for a second night after a 17-year-old Congolese youth died during a police chase. During the first night of unrest, a right-wing politician was targeted by a large group of youths, who nearly lynched him.
At 10:00 p.m. last night., approximately 150 to 200 people set up roadblocks and began burning containers and garbage cans. They also severely damaged a bus.
Officers were hit with Molotov cocktails, paving stones, and construction fences, along with other objects, according to police.
Police hit the rioters with tear gas and rubber bullets to control the unrest. No injuries were reported.
🇨🇭On August 24, 2025, at around 4:00 a.m. in the Prelaz area of Lausanne, Switzerland, Marvin, a suspected migrant, was driving a stolen electric scooter and died when he crashed into a wall while being pursued by police. Riots subsequently broke out in the Prelaz area. pic.twitter.com/WO28jYr02V
The unrest followed similar attacks the night before, which saw a smaller crowd of about 100 youths, who partook in the rioting.
During that night, a Swiss People’s Party (SVP) politician, Thibault Schaller, was targeted in a lynching attack, which was caught on video.
He wrote on X that he approached the unrest because he was curious what was going on. Upon getting closer, some individuals, whom he said he believed to be Antifa, recognized and confronted him.
“They ordered me to leave. I refused and asked what was happening. One pushed me, I pushed him back then stepped back. Someone shouted something, and 10, 15 people came running at me from everywhere. I ran away, took hits. They blocked my path, I fell, protected myself. I got up, ran, got surrounded again against a wall, then took blows. Then, I managed to get away by running. I’m fine, but we really need to take back this city,” Schaller wrote.
In the video, Schaller is seen being chased by a large group of individuals, who kick him on the ground. Schaller continuously gets up and is able to elude the group and eventually get away.
One of the individuals called him “a fascist” during the attack.
🇨🇭During riots in Switzerland, a mob recognized a local SVP politician, @Thibauuuuuult in Lausanne, and nearly lynched him.
Riots broke out after an African teen slammed a stolen a scooter into a wall during a police chase and died.pic.twitter.com/fK5IGqcojY
The riots began after the death of 17-year-old Marvin M., a Swiss citizen with Congolese roots.
Police say they pursued him while he drove a stolen scooter on Sunday night. He died when he crashed his scooter into a garage door.
Marvin M.’s mother claimed her son is “not a scooter thief,” and “not a bandit,” in an interview with 24Heures.
She said he was a passionate rapper, with his group stating it does not condone the violence taking place in the city after his death.
Schaller wrote on X that the police were not to blame for the teenager’s death and that “this tragedy could have been avoided. He just had to listen to the police.”
The city was “held hostage by a handful of thugs,” he further wrote.
UN Nuclear Chief Given 24/7 Elite Protection Over ‘Specified Iranian Threat’
Tuesday, Aug 26, 2025 – 11:00 PM
United Nations atomic agency chief Rafael Grossi has been receiving 24/7 protection from a tactical security unit based out of Austria, amid what’s been reported as specific threats on his life connected to Iran.
Tuesday reporting in The Wall Street Journal has revealed Grossi has received this protection for weeks. Austria’s Cobra special services unit is providing the security detail. It is part of the Austrian Federal Ministry of the Interior.
WSJ details that “The elite unit of Austria’s security services is protecting Grossi after the country’s intelligence agency received information of a threat to the International Atomic Energy Agency chief from a third party, according to a person involved in the case. The IAEA is based in Vienna.”
Officials are citing a “specified Iranian threat” – but haven’t disclosed precise details of the threat. But it was apparently enough to take drastic action, as “The tactical force is deployed to counter the gravest threats, such as terror plots and to secure top-ranking individuals, including the Austrian chancellor.”
“In instances of concrete threats against dignitaries, the unit deploys officers armed with submachine guns and at least two bulletproof vehicles around the clock,” according to WSJ.
Iranian leaders have blasted the IAEA connected with the 12-day June where, when Israel led a surprise attack, which was ended when the US military dropped huge bunker-buster bombs on three nuclear sites.
Tehran has accused the UN inspectors of essentially spying, and passing sensitive information on to the Israelis. Some Iranian state media reports have gone so far as to label Grossi an Israeli spy.
A person familiar with the matter said the Austrian authorities acted on intelligence outlining a specific threat to Grossi coming from Iran-linked individuals. A second person said they had been told that the threat was believed to come from Iran and was being taken seriously by authorities.
“We can confirm that Austria provided a Cobra unit but we cannot confirm where the specific threat came from,” said Fredrik Dahl, an IAEA spokesman.
Some veiled threats from top Iranian advisers have actually been articulated quite publicly…
Advisor to the Iranian Supreme Leader, Ali Larijani: “When the war ends, we will hold IAEA Director-General, Rafael Grossi, accountable.” pic.twitter.com/g25czGbYSj
— Ariel Oseran أريئل أوسيران (@ariel_oseran) June 19, 2025
Grossi, who is a veteran Argentine diplomat is said to be in the running to succeed António Guterres as United Nations secretary-general. Guterres term in the post will end next year.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
ISRAEL /GAZA/HEZBOLLAH/IRAN/SUMMARY OF THE LAST 24 HR/TBN
ISRAEL VS HAMAS
‘A significant source of knowledge’: IDF kills Hamas’s head of General Security Apparatus in Gaza
Aswad operated as the terrorist organization’s general security leader for Western Gaza, with the military describing him as a “significant source of knowledge” for the terror organization.
IDF activity in the Gaza Strip.(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFFAUGUST 27, 2025 10:02Updated: AUGUST 27, 2025 13:28
The Israeli Air Force last Friday struck and killed Mahmoud al-Aswad, who served as Hamas’s General Security Apparatus leader in the Gaza Strip, the military announced the following Wednesday.
Aswad operated as the terrorist organization’s general security leader for Western Gaza, with the military describing him as a “significant source of knowledge” for Hamas.
The strike was conducted following IDF and Shin Bet (Israel Security Agency) intelligence.
Additionally, IDF soldiers operated in Jabalya and the outskirts of Gaza City, dismantling terrorist infrastructure and killing Hamas personnel, amid the upcoming operation to take over Gaza City. In the northern city, the IDF’s Givati Brigade under the 162nd Division struck a terror cell and located a weapons storage facility, the military added.
IDF activities in southern Gaza
Meanwhile, in the southern Gaza Strip, Israeli soldiers killed a number of Hamas terrorists who advanced towards the troops in Khan Yunis. The terrorists were killed with the assistance of the IAF.
IDF and Shin Bet forces continue fighting in the Gaza Strip. (credit: IDF SPOKESPERSON’S UNIT)
The military added that underground terrorist infrastructure was also dismantled.
Also in Khan Yunis, a maritime weapons storage facility and a repair site were struck by the IAF.
Additionally, the night before Wednesday’s operation saw the establishment of the IDF’s 607th Engineering Battalion, which the military stated was “established following the lessons learned following October 7,” and that they “began operating for the first time in the Gaza Strip under the command of the Givati Brigade Combat Team.”
end
ISRAEL VS TURKEY/UN
Erdogan is a devout Muslim and he is trying to suspend Israel from the UN. If they do that then the uSA stops all funding for this criminal UN entity.
(zerohedge)
Turkey Is Leading Effort To Suspend Israel From UN General Assembly
Turkish Foreign Minister Hakan Fidan on Monday urged Islamic nations to work toward suspending Israel from participating in United Nations General Assembly meetings and activities.
Speaking at an emergency summit of the Organization of Islamic Cooperation (OIC) foreign ministers held in Riyadh, Saudi Arabia, Fidan said that Palestinians needed collective action to end Israel’s alleged genocide in Gaza and settler violence in the occupied West Bank.
“This meeting will focus on three urgent tasks: halting the war, forging a united response of the Islamic Ummah, and mobilizing the international community,” he said.
Fidan stressed that Israel’s “genocidal aggression” continues in Gaza, where half a million people face catastrophic hunger, adding that the UN has now officially declared famine in the territory. He noted that Hamas has already accepted a ceasefire plan proposed by Qatar and Egypt, yet the Israeli government “still seeks the erasure of Palestine”.
“Therefore, we must join our efforts in sustaining and expanding the momentum for Palestine’s recognition, while also launching an initiative within the UN for Palestine’s full membership – and considering the suspension of Israel from the work of the General Assembly,” Fidan added.
On Monday, the OIC foreign ministers meeting issued a statement following the summit that said it “urges the OIC Member States to examine further whether Israel’s membership in the United Nations aligns with the UN Charter, given Israel’s evident violations of the requirements for membership and its consistent disregard for UN resolutions”.
“Additionally, efforts should be coordinated to suspend Israel’s membership in the United Nations,” it said. Fidan’s call to suspend Israel from the UN General Assembly has precedent.
Articles 5 and 6 of the UN Charter state that a member may be suspended or expelled if it “persistently violates the principles contained in the Charter”.
However, such a move requires a recommendation from the Security Council, where the five permanent members, including the United States, hold veto power.
Historic precedent
There is, however, another route: the General Assembly itself. This was used in 1974 against apartheid South Africa. On September 27, 1974, the UN Credentials Committee rejected South Africa’s credentials, a routine procedure before General Assembly meetings.
Three days later, the General Assembly passed Resolution 3207, urging the Security Council to review South Africa’s membership in light of its constant violations of the Charter.
Although the Security Council vetoed the resolution, in November of that year the president of the General Assembly, Algeria’s Abdelaziz Bouteflika, ruled that, given the Credentials Committee’s decision and the adoption of Resolution 3207, the General Assembly would refuse to allow South Africa’s delegation to participate in its work.
South Africa remained suspended from the General Assembly until June 1994, following the end of apartheid. Activists argue that the UN General Assembly could apply the same process to Israel. They note that the International Court of Justice (ICJ) in July 2024 issued an advisory opinion declaring Israel’s decades-long occupation of Palestinian territories “unlawful” and its near-complete segregation of populations in the West Bank a breach of international law on “racial segregation” and “apartheid”.
The ICJ also stated that Israel’s policies and practices in occupied Palestine amount to segregation or apartheid, in violation of Article 3 of the Convention on the Elimination of Racial Discrimination (CERD).
Major human rights organizations – including Amnesty International, Human Rights Watch, and Israel’s own B’Tselem – have described Israel’s actions against Palestinians as constituting “apartheid” or an “apartheid regime”.
END
ISRAEL VS SYRIA
Israel to occupy the south of Syria on a permanent basis. They will protect the minority Druze!
(zerohedge)
Israel’s Troop Occupation Of Southern Syria To Be Permanent
Wednesday, Aug 27, 2025 – 11:05 AM
“The IDF will remain at the peak of Mount Hermon and in the security zone necessary to protect the Golan and Galilee settlements from threats looming from the Syrian side as the main lesson from the events of October 7,” Israeli Defense Minister Israel Katz announced Tuesday.
And so with that, Israel confirmed it will “remain” in the territory it has captured in southern Syria as a permanent occupation, which will likely lead to annexation. The Israeli army had moved swiftly beyond its Golan Heights occupation in the wake of the December 8 ouster of former Syrian President Bashar al-Assad. It has kept expanding since then, citing new ‘threats’.
Within the last months, IDF tanks and ground units have been observed a mere dozen miles from the outskirts of Damascus, also after literally hundreds of air raids destroying former Syrian Arab Army bases, equipment, and anti-air defense units since the government overthrow.
Katz referenced alleged “threats” from the Syrian sides which has included the occasional rocket fired from unknown groups or locations.
Syrian Foreign Minister Asaad al-Shaibani of the Jolani/Sharaa regime has meanwhile blasted Israel for pursuing “expansionist and partitionist” goals. Indeed some hardline Israeli ministers have even openly called for the Israeli capture and occupation of Damascus.
Israel’s long term strategy has been known since the 1980’s and the Yinon plan:
This vision was later crystallised in the infamous 1982 Yinon Plan, authored by Oded Yinon, a former Israeli foreign ministry official. The plan called for “the dissolution of Syria…into districts of ethnic and religious minorities…[as] Israel’s primary target on the Eastern front in the long run…Syria will disintegrate into several states along the lines of its ethnic and religious structure”.
The Yinon Plan argued that Israel’s security and dominance depended on the dissolution of Arab states into smaller sectarian and ethnic entities, including Druze, Alawi, Kurdish, Maronite, Coptic and others.
US strategy in the region has always appeared to move in tandem with this, even if unspoken from Israel’s most powerful backer:
The US, therefore, prefers a controlled, divided Syria – weak enough to be pliant but not totally collapsed – where it can retain influence without triggering wider regional instability. Israel, by contrast, is more willing to tolerate, or even foment, chaos if it means permanently removing Syria as a potential threat, especially having already annexed the Syrian Golan Heights.
This is currently seen in the way Israel has rushed into southern Syria under the dubious guise of protecting the Druze minority. Commentators have likened it to ‘divide and rule’ – with some Druze even calling for absorption of their communities into Israel.
Israel’s zone of incursions into south-west Syria now covers around 600 km2 of territory.
Druze civilians were recently executed by forces affiliated with the Syrian government. “We will continue to protect the Druze in Syria as well,” Katz has stated, with no mention of the many persecuted Christians that are in the same region. Churches in Suwayda Governorate have of late suffered firebombing and attacks at the hands of government-affiliated jihadists.
This comes as the US continues to push an Abraham Accords recognition and normalization between Syria and Israel. But this has only come about post-Assad – and while Syria is at its weakest in recent history, and with no air power whatsoever to speak of. Turkey has also been vying for influence, but as a direct supporter of the new Sunni regime.
RUSSIA VS UKRAINE
Ukraine Belatedly Confirms Russian Troops Have Breached Central Oblast & Industrial Heartland
Wednesday, Aug 27, 2025 – 02:45 AM
Several more villages fell to the Russian army in Donetsk at the end of last week, and the battlefield momentum has continued into Tuesday, as Ukraine has acknowledged for the first time that Russian troops have entered the neighboring Dnipropetrovsk region.
Dnipropetrovsk is a central oblast which has long been spared from the main fighting. Russian forces have penetrated this strategic area, which suggests the war is still expanding, significantly beyond the annexed four territories. It is known as the industrial heartland and key production hub of the country.
“Yes, they have entered, and fighting is ongoing as of now,” a Ukrainian military spokesman for the Dnipro Operational Strategic Group of Forces told AFP.
Moscow had first announced it breached the region back in July, but Ukrainian officials had not acknowledged it until this week. Russia also says it has fully captured the villages of Zaporizke and Novogeorgiivka – something which Ukraine’s military leadership is disputing.
But Reuters is confirming, writing, “Russia has captured two villages in Ukraine’s southeastern Dnipropetrovsk region, Ukrainian open-source researchers confirmed on Tuesday, as Kremlin troops press an offensive amid a stalling diplomatic effort to end the war.”
“Ukraine’s outmanned and outgunned military has struggled to fend off grinding Russian advances in much of the east as Moscow increases pressure on Kyiv to give up territory in any peace negotiations,” the report adds.
All that the exhausted Ukrainian military can do at this point is keep sending drones into Russian territory. This again happened overnight as Ukraine’s special forces attacked logistical facilities in Crimea.
A Ukrainian military statement said facilities “that ensure the functioning and combat supply of the military units of the Russian army” were damaged and put out of commission.
President Trump is meanwhile still trying to strike a tone of cautious optimism when it comes to peace talks. On Monday he had confirmed speaking again with President Vladimir Putin.
“Every conversation I have with him is a good conversation. And then, unfortunately, a bomb is loaded up into Kyiv or someplace, and I get very angry about it,” Trump told reporters.
The White House still doesn’t want to fully admit that Russia is winning the war, and that Kiev has no leverage. This means that realistically a swift ending would involve the US pressuring Zelensky to make serious compromises.
But by and large the Europeans are committed to seeing Ukraine stay in the fight. But this is a recipe for more death and destruction, and the war grinding on toward possible escalation with NATO.
END
UKRAINE/RUSSIA/USA
“A Big Signal” – Trump’s Envoy Witkoff To Meet Ukrainians In New York This Week
U.S. special envoy Steve Witkoff said he is set to meet with Ukrainian representatives in the United States this week during an interview on Tuesday.
“I’m meeting with the Ukrainians this week. So I will be meeting with them this week in New York, and that’s a big signal,” Witkoff said on Fox News’ “Special Report” with Bret Baier.
“We talk to the Russians every day,” he added, saying he believed Russian President Vladimir Putin wished to bring the war to a close.
“I think he [Putin] has made a good faith effort to engage. He certainly did at the Alaska summit. But it’s a very complicated conflict.
“I think that we may end up seeing a bilateral meeting. My own opinion is that the president is going to be needed at the table to finish a deal.”
U.S. President Donald Trump met with Putin in Alaska on Aug. 15 and later with Ukrainian President Volodymyr Zelenskyy at the White House on Aug. 18.
In the wake of those summits, Trump said the two leaders would hold a bilateral meeting, which would then be followed by a trilateral meeting including him.
Zelenskyy has said Russia was doing everything it could to prevent a meeting between him and Putin, while Russia has said the agenda for such a meeting was not ready.
Last week, U.S. Vice President JD Vance said that Moscow has made “significant concessions” toward reaching a peace deal to end the more than three-year conflict between Russia and Ukraine.
In an interview with NBC News’s “Meet the Press,” the vice president said Putin made multiple concessions toward reaching a deal with Kyiv, including one that allows Ukraine to receive security guarantees to ward off future attacks.
Vance said that the Russians have “recognized that they’re not going to be able to install a puppet regime in Kyiv,” noting it was “a major demand at the beginning.”
“And importantly, they’ve acknowledged that there is going to be some security guarantee to the territorial integrity of Ukraine,” he said.
“Have they made every concession? Of course, they haven’t. We’re making progress.”
The violence between Moscow and Kyiv continued overnight, with a Russian drone attack damaging an energy sector facility in Ukraine’s central Poltava, the region’s governor said on Wednesday.
“This night, the enemy massively attacked the Poltava region,” Governor Volodymyr Kohut said on Telegram. “Falling debris and direct hits were recorded in the Poltava district. An energy sector enterprise was damaged. An administrative building, vehicles, and equipment were damaged. Fires broke out on the territory of the enterprise.”
He added that consumers had temporarily lost power as a result of the attack and that “fortunately, there were no casualties.”
The nighttime aerial assault also shut off power in parts of the northern city of Sumy after Russia struck critical infrastructure facilities, leaving all water utility facilities without power and relying on emergency backups on Wednesday morning, according to a Telegram post from Sumy City Military Administration Chief Serhii Kryvosheienko.
“Restoration efforts are now underway in the Sumy region after Russian drone strikes,” Zelenskyy said in a post on X on Wednesday discussing the attack. “Nearly a hundred UAVs [unmanned aerial vehicles] and targeted overnight attacks on our regions, aimed specifically at civilian infrastructure.”
“The Russians continue the war and ignore the world’s calls to stop the killings and destruction,” he added, calling for “new steps” to “increase pressure” on Moscow to “stop the attacks and to ensure real security guarantees.”
The Ukrainian Air Force said it downed 74 out of 95 Shahed drones overnight, and that 21 drones hit nine locations across the country.
Russia, meanwhile, said that its air defenses intercepted and destroyed 26 Ukrainian drones over the country through the night, according to Moscow’s Defense Ministry.
At least seven apartment buildings were damaged in a drone attack on the southern city of Rostov-on-Don, located just more than 60 miles from the Russia–Ukraine border, Russian state news agency TASS reported.
END
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
Beauty exec Sharon Chuter (38); rapper ‘Aesop’ McElroy; cinematographer John Bartley (X-Files); entertainment lawyer Harrison Dossick; baseballer James Farris (33, C); Braves’ scout Roy Clark; & more
Sharon Chuter, Founder of Uoma Beauty and the Pull Up for Change Initiative, Dies at 38
August 24, 2025
Beauty executive Sharon Chuter has died at the age of 38. According to the Los Angeles [CA] Medical Examiner, Chuter, the founder and former creative director of beauty brand Uoma Beauty, was found deadon a patio on Aug. 14. Her death is listed as deferred, which means it is still under investigation. Despite all the trailblazing work she had done at the helm of Uoma Beauty, Chuter stepped down as the CEO in 2023. (Days after, Chuter confirmed that she remained a shareholder in the company.) In an announcement post shared to Instagram that May, Chuter revealed that she came face-to-face with a health scare that landed her in the hospital that January, and it inspired her to carve out a healthier work-life balance. “I lost 10kgs in one week, doctors thought it may be stomach cancer but luckily it wasn’t and I’m back ok albeit forced into medical leave which was the true story of my sabbatical,” she wrote.
International Rapper Derrick ‘Aesop’ McElroy, Who Called Fresno Home, Dies at 51
August 20, 2025
When he wasn’t touring Asia, Europe, or across the U.S., Derrick “Aesop” McElroy was busy making a name for himself and for the city he called home — Fresno [CA]. McElroy — known for his time with hip-hop supergroup Living Legends under the name Aesop, Black Aesop, and the Black Wolf — died at age 51 due to unknown causes, it was announced Monday. Only weeks before hisdeath, McElroy shared on social media his excitementto return to touring with hip-hop groups Atmosphere, Heiroglyphics, and Dilated Peoples.
Hollywood legend who worked on The X-Files and Lost dies aged 78
August 21, 2025
Legendary New Zealand-born cinematographer John Bartley died on Sunday in Los Angeles, aged 78. The Emmy Award-winning cameraman was born in Wellington in 1947, and went on to become one of film and TV’s most expressive visual storytellers. His death was confirmed by his close friend, Australian filmmaker Polly Pierce, in a social media statement.
Entertainment Attorney Harrison Dossick Dies at 65
August 22, 2025
Harrison Dossick, a longtime entertainment and media litigator and partner at Glaser Weil, died unexpectedly on Aug. 14 in Los Angeles [CA]. He was 65. Over nearly four decades, Dossick represented major film studios, creative talent, distributors and media companies. He has been recognized by the Legal 500 and Best Lawyers in America, and was named a Southern California Super Lawyer by Los Angeles Magazine and Southern California Super Lawyers Magazine (2006-2010 and 2014-2018).
Ariana DeBose mourns the loss of her mother Gina. The Oscar winner announced that the 57-year-old was suffering from uterine cancer
August 19, 2025
Oscar winner Ariana DeBose (32) is mourning the loss of her mother Gina. As the actress announced on Instagram on Tuesday, her mother died on Sunday morning at the age of 57 as a result of stage three uterinecancer. Her “beautiful, funny, special warrior queen mother” had been battling the “insidious disease” for three years, DeBose said. DeBose acknowledges Gina’s dedication as a teacher—she taught for nearly 30 years, most recently in 8th-grade social studies—and her passion for empowering young people. She highlights Gina’s creativity, empathy, and courage, calling her a “local celebrity” in her community. Ariana emphasizes that her Oscar “belongs to her mother as much as it does to her” and that her greatest pride is having made her mother proud.
‘WKRP in Cincinnati’ star Loni Anderson’s cause of death revealed as rare uterine cancer
August 23, 2025
Loni Anderson, best known for her role as Jennifer Marlowe on the hit CBS sitcom WKRP in Cincinnati, died at the age of 79. According to a death certificate obtained by TMZ, her cause of death was metastatic uterine leiomyosarcoma, a rare and aggressive form of cancer. The beloved actress passed away on August 3, just two days before her 80th birthday. Her remains were cremated and laid to rest in Hollywood [CA] on August 7.
Researcher’s Note – Loni Anderson was working in Hollywood between 2021-2023: Hollywood’s On-Set Vaccine [sic] Mandates to End on May 12, 2023: Link
OnlyFans Model Kylie Page’s Cause of Death Revealed
August 22, 2025
New details have come to light regarding Kylie Page’s death. After the OnlyFans content creator (real name Kylie Pylant) died unexpectedly June 25 at just 28, the County of Los Angeles [CA] Medical Examiner has issued her official cause of death. In a report released Aug. 22 to the Los Angeles County website, Kylie was found to have died through an accidental overdose of cocaine and fentanyl in her Los Angeles [CA] home.
Former University of Arizona pitcher passes away from cancer
August 18, 2025
Former University of Arizona pitcher James Farris, who played for the national championship-winning 2012 team, has passed away after battling livercancer. He was 33 years old. Farris died on Sunday, August 17, in his hometown of Jonesboro, Arkansas, according to a family friend. Farris pitched for the Wildcats from 2011 to 2014. He was a key part of the 2012 team that won the College World Series. In 2013, he was drafted by the Houston Astros. A GoFundMe campaign was created to support his family during his illness.
Former Atlanta Braves scout Roy Clark dies, team says
August 23, 2025
ATLANTA, Ga. – A famed baseball talent scout who worked with the Atlanta Braves for decades has died, the team announced on Saturday. Roy Clark was 68 when he passed away. Clark joined the Braves in 1989, helping draft and sign players like Charlie Morton, Jason Marquis and Brian McCann, according to MLB. In 2009, he joined the Washington Nationals, and in 2022, he became a senior advisor for the Kansas City Royals. Clark’s cause of deathis unknown.
Matthew Rooney, grandson of Pittsburgh Steelers founder Art Rooney, dead at 51
August 20, 2025
Matthew Rooney, the grandson of Pittsburgh Steelers legendary founder Art Rooney, died at his Hamptons [NY] home on Friday, the team confirmed to The Post. He was 51. A cause of death was not revealed. Rooney served as the vice chair of the donor arm of the New York City Ballet’s Allegro Circle and was a member of the board of directors for the Metropolitan Opera of New York.
Caroline Klein, Smith Entertainment Group CCO, Passes Away At 40
August 22, 2025
SALT LAKE CITY – Caroline Klein, the chief communication officer for the Smith Entertainment Group, has passed away at the age of 40 after a multi-year battle with cancer. Klein was hired by the organization in 2022, working across public relations, community relations, and broadcasting for both the Jazz and the Utah Mammoth.
Researcher’s Note – Sitting in her kitchen nook in her Salt Lake City home on a May morning, Caroline Klein describes her cancer diagnosis as ironic. Before it, she had always lived a healthy life and never had a cold or needed to use her health insurance. That all changed in September 2022, six weeks after Klein moved to Utah to start a new, high-profile job as Smith Entertainment Group’s chief communications officer: Link
Smith Entertainment Group (SEG), which owns the Utah Jazz and the Delta Center (formerly Vivint Arena), initially implemented a COVID-19 vaccine [sic] policy during the pandemic but later adjusted it. The Utah Jazz also required all full-time and part-time employees to be fully vaccinated [sic], with “fully vaccinated” [sic] defined as two weeks after the final dose: Link
Beloved Athens resident Jody Temple has passed away at age 50; was renowned BMX trickster
August 19, 2025
Mr. Joseph Martin “Jody” Temple Jr, 50, of Athens, GA, passed away Friday, August 15, 2025 at his home. Mr. Temple received his Bachelor’s Degree in English from the University of Georgia. He worked at The Globe restaurant in Athens, and was a member of the First Baptist Church of Hartwell. Jody was also a BMX trick rider where he competed and performed in several states.
Bourla Bancel et al. Pfizer mRNA COVID death vaccine that has harmed and killed so many? So the FDA’s CBER concerned with vaccine safety? ha ha ha ha; what drivel garbage, they are there to push mRNA
So let me see if I understand this correctly, FDA CBER now wants us to believe it is running good science and cares about the US population’s safety as it relates to vaccines, so pulls one Chikungunya vaccine after approving it, then approves another, with extremely small harms and deaths relative to the Malone Bancel Bourla Pfizer Moderna et al. mRNA vaccine, yet leaves Malone mRNA on the shelf, and is shoving Malone et al. mRNA vaccine up our asses e.g. the infant 6 months old SPIKEVAX Moderna mRNA vaccine when there is no clinical medical basis and it is already proven that mRNA vaccine causes harms, deaths, is ineffective with bleeding, clots, myocarditis etc. Verified deaths. But it will leave that mRNA vaccine on the market to kill more. mRNA vaccine is to be untouched as we are treated to theater of firing, hiring, with people on vacation as Prasad et al. runs amok etc. approving SPIKEVAX etc. ha ha ha ha
Does it make sense? Someone at FDA is spooning someone big. Who? Someone or the other way around. Who is spooning who as these vaccines get approved etc.? And people are harmed. Yet the photo tells you my thinking, we are really dealing with pigs, swine doing all that vaccine approval spooning.
Btw, is Oz, Prasad, Bhattacharya, Makary, Malone, Bourla, Bancel et al., the vaccine bunch, are they spooning too? Who is spooning who is my main question?
NEWS ADDICTS
RNC Elects Trump-Backed Joe Gruters as New ChairThe Republican National Committee has officially elected a new chairman to lead the national party.Over the weekend, Florida State Sen. Joe Gruters won the vote to replace outgoing chairman Michael Whatley, who is running for a Senate seat in North Carolina.Gruters, who previously served as the RNC’s treasurer, ran unopposed and was backed by President Donald Trump.“Thank you all so …READ THE FULL REPORTTrump Fires Fed Governor Cook Over Mortgage AllegationsPresident Donald Trump on Monday evening fired Biden-appointed Federal Reserve Governor Lisa Cook following allegations of mortgage fraud.“Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” Trump wrote …READ THE FULL REPORTTrump Announces Plan to Welcome 600,000 Chinese StudentsPresident Donald Trump said Monday that the U.S. would allow 600,000 Chinese students to study at American colleges, framing the move as part of broader trade discussions with Beijing.“I hear so many stories that we’re not going to allow their students,” Trump told reporters. “We’re going to allow their students to come in. It’s very important, 600,000 students. It’s very …READ THE FULL REPORTJudge Blocks Kilmar Abrego Garcia’s DeportationA federal judge on Monday temporarily blocked the Trump administration’s attempt to deport alleged MS-13 gang member Kilmar Abrego Garcia to Uganda.U.S. District Judge Paula Xinis, an Obama appointee, ruled that the Salvadoran migrant must first be given an opportunity to contest his removal, The Washington Post reported.ICE Arrest and DHS StatementImmigration and Customs Enforcement (ICE) detained Abrego Garcia at …READ THE FULL REPORTHeroic American Tourist Stabbed While Protecting 2 Women in GermanyJohn Rudat, a 21-year-old American tourist and part-time model from upstate New York, was stabbed on a tram in Dresden, Germany, after stepping in to protect two women who were being assaulted. The newly qualified paramedic was left with severe facial injuries during the altercation early Sunday.According to German outlet Bild, Rudat intervened when two men attacked the women. One …READ THE FULL REPORT
NEWSWIZE
EVOL NEWS
MICHAEL EVERY/OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
VENEZUELA
NOW USING CRYPTO TO PAY FOR THINGS
Venezuela’s Crypto Adoption Surges Amid Inflation Surge And Currency Collapse
Cryptocurrencies are becoming a core part of the economy in Venezuela as citizens turn to digital assets to shield themselves from a collapsing currency and tighter government controls.
From small family stores to large retail chains, shops across the country now accept crypto through platforms such as Binance and Airtm. Some businesses even use stablecoins to pay employees, while universities have begun offering courses dedicated to digital assets.
“There’s lots of places accepting it now,” shopper Victor Sousa, who paid for phone accessories with USDt,told the Financial Times. “The plan is to one day have my savings in crypto.”
Venezuela ranked 13th globally for crypto adoption, according to the Chainalysis 2024 Crypto Adoption Index report, which noted a 110% increase in usage in the year.
Venezuela ranked 13th globally for crypto adoption. Source: Chainalysis
Bolívar’s crash pushes Venezuelans into crypto
The continued slide of the bolívar currency has intensified demand for crypto. Since the government stopped defending the currency in October, it has lost more than 70% of its value. Inflation reached 229% in May, according to the Venezuelan Finance Observatory (OVF).
“Venezuelans started using cryptocurrencies out of necessity,” said economist Aarón Olmos. He noted that they face inflation, low wages, foreign currency shortages and difficulty opening bank accounts.
However, access is not always smooth. With US sanctions on Venezuela’s financial sector, Binance restricts services linked to sanctioned banks and individuals. Connectivity issues also hinder widespread use. Still, experts say the ecosystem is resilient, per the FT report.
Cointelegraph reached out to Binance for comment, but had not received a response by publication.
Crypto remittances surge in Venezuela
As Cointelegraph reported, crypto remittances have become a crucial lifeline for Venezuelans as the country’s economy sinks deeper into crisis. In 2023, digital assets made up 9% of the $5.4 billion in remittances sent home, about $461 million.
Families are increasingly relying on cryptocurrencies over traditional services like Western Union, which are weighed down by high fees, delays and currency shortages.
Meanwhile, military tensions are rising between the US and Venezuela. On Tuesday, Venezuela’s defense minister announced the deployment of naval vessels and drones to patrol the country’s Caribbean coast following Washington’s decision to send an amphibious squadron of three warships, joined later by a missile cruiser and a nuclear-powered submarine, to the region.
The buildup comes after the Trump administration accused President Nicolás Maduro of working with cartels and expanded its pursuit of Venezuelan leaders, doubling the reward for Maduro’s capture to $50 million and offering $25 million for Interior Minister Diosdado Cabello.
AUSTRALIA
Australia Expels Iranian Ambassador In Historic First, Blames IRGC For Anti-Jewish Attacks
Tuesday, Aug 26, 2025 – 09:20 PM
Australia has on Tuesday expelled the Iranian ambassador from the country, which marks the first time it has booted a foreign ambassador of any nation in the post-World War II period. The government has blamed Iran and its intelligence apparatus for directing two antisemitic attacks against Australia’s Jewish community – especially a shocking firebomb attack on a Melbourne synagogue last December.
There was also a fire set at a kosher food business in Sydney in October, prior to the synagogue fire. The Adass Israel synagogue in southeast Melbourne, which is in a heavily Jewish area, was utterly destroyed by the fire.
The government has singled out Iran’s Islamic Revolutionary Guard Corps (IRGC) as the ‘likely’ culprit behind the attacks, though specific evidence hasn’t been made public.
Prime Minister Anthony Albanese said Tuesday, “These were extraordinary and dangerous acts of aggression orchestrated by a foreign nation on Australian soil” and that “They were attempts to undermine social cohesion and sow discord in our community. It is totally unacceptable.”
“Strong and decisive action” is needed he said, which will also include legislation officially proscribing the IRGC as a terrorist organization. However, Australian officials have stated their beliefIran’s diplomats in Australia were not involved in the anti-Jewish attacks.
“The actions of my government send a clear message, a message to all Australians that we stand against antisemitism, and we stand against violence,” Albanese continued. “And a message to nations like Iran who seek to interfere in our country, that your aggression will not be tolerated.”
But again, there doesn’t seem to be anything in the way of a smoking-gun related to these attacks. Australian officials have only said the IRGC “used a complex web of proxies to hide its involvement, and that Australia would list it as a terrorist organization. Iran’s diplomats in Australia weren’t involved, Australian officials said.”
Still, the drastic action includes shuttering all Australian embassy operations in Tehran, and diplomats are being called home. This is something of the hardline approach of the United States.
Israel is happy, with its embassy in Australia stating, “Today, it became clear that this threat has reached Australian soil.” And that “The international community can no longer be complacent. Australia has taken a principled stand, others should consider following suit.”
The Associated Press identifies one of the men arrested in the attacks as follows:
Sayed Mohammed Moosawi, a 32-year-old Sydney-based former chapter president of the Nomads biker gang, has been charged with directing the fire bombings of the Sydney café as well as the nearby Curly Lewis Brewery. The brewery was apparently confused for the café and mistakenly targeted three days earlier for an antisemitic attack.
Interestingly, the WSJ has noted “Iran has called the plots it has been accused of false-flag operations or fabrications by Israel, dissident organizations and Western intelligence services.”
And the AP has featured Iran’s rebuttal in the following:
Iran denied Australia’s allegations through its Foreign Ministry spokesman Esmail Baghaei, who tried to link it to the challenges Australia faced with Israel after announcing it would recognize a Palestinian state.
“It looks like that the action, which is against Iran, diplomacy and the relations between the two nations, is a compensation for the criticism that the Australians had against the Zionist regime,” Baghaei claimed.
The move against Iran came a week after Israeli Prime Minister Benjamin Netanyahu branded Albanese a “weak politician who had betrayed Israel” by recognizing a Palestinian state.
Both the IRGC and Iran-allied Hezbollah have long been a favorite bogeyman of the Western allies, which have accused them running global narco-terror organizations, for example in South America. However, evidence is often thin – and to date it remains that Sunni and Saudi-linked terrorism is responsible for most terror incidents in the West, and globally.
President Donald Trump’s additional 25 percent tariff on India became effective at midnight on Aug. 27, bringing the total rate to 50 percent on many imports entering the United States.
The president, in his global tariffs announcement in April, introduced a 26 percent levy on Indian goods, aimed at pressuring the Indian government to lower its trade barriers. Months later, the rate was revised slightly lower to 25 percent.
In an Aug. 6 executive order, Trump implemented an additional 25 percent tariff on India, saying its government is “currently directly or indirectly importing Russian Federation oil.”
Since Russia invaded Ukraine in 2022, India has been one of Russia’s most significant trading partners, with annual bilateral trade reaching almost $69 billion.
Energy has been the primary product uniting the two countries for the past few years.
With crude oil imports exceeding $52 billion last year, India accounts for an estimated one-third of Russia’s petroleum exports, fueled by a sanction-driven discount.
In December 2024, the Group of Seven (G7) introduced a price cap of $60 per barrel on Russian Urals crude to reduce the country’s oil revenues. Because global oil prices have declined—a barrel of U.S. West Texas Intermediate crude oil is trading at roughly $64 per barrel—the discount has become minimal.
“India swapped high-shipping-cost crude from the US, South America, and Africa with cheaper Russian crude,” energy economist Anas Alhajji said in a note for Energy Outlook Advisors. “About 932 kb/d [1,000 barrels per day] of costlier oil or oil redirected to Kuwait and Oman’s refineries was replaced by Russian imports. Sanctions on Russian crude shaped trade directions and India’s purchasing patterns.”
U.S. officials say that India’s continued transactions are funding Russia’s war effort in Ukraine.
In an Aug. 4 Truth Social post, Trump said India has been exploiting discounted Russian crude to sell it “on the open market for big profits.”
“They don’t care how many people in Ukraine are being killed by the Russian War Machine,” he said.
India’s government has dismissed these criticisms, stating in a response to The Epoch Times that these purchases are aimed at providing its nearly 1.5 billion population with affordable energy.
“In this background, the targeting of India is unjustified and unreasonable,” a spokesperson for the Indian Foreign Ministry said.
White House top trade adviser Peter Navarro echoed the president’s sentiment, telling reporters this past week that India has been “profiteering” on the war in Ukraine.
“India doesn’t appear to want to recognize its role in the bloodshed,” Navarro said on Aug. 21.
He also said India’s current trade policies are detrimental to the United States.
Peter Navarro, White House senior counselor for trade and manufacturing, speaks to reporters at the White House on Feb. 4, 2025. Madalina Vasiliu/The Epoch Times
“We run a massive trade deficit with them. So that hurts American workers, hurts American businesses,” Navarro said.
“Then they use the money that they get from us when they sell us stuff to buy Russian oil, which is then processed by refiners, and they make a bunch of money there. But then the Russians use the money to build more arms and kill Ukrainians, and so American taxpayers have to provide more aid, military-style, to the Ukrainians.”
According to the U.S. Trade Representative’s Office, the U.S. goods trade deficit with India was nearly $46 billion in 2024, representing a 5.9 percent increase from the previous year.
Trade Moving Forward
New tariffs are expected to disrupt the more than $200 billion in annual U.S.–India trade. A modest drop in imports of Indian goods was observed in the latest data.
In June, according to the Bureau of Economic Analysis, imports tumbled 3 percent from the previous month but were up 29 percent year-over-year.
New data from Descartes Systems Group indicate a significant rise in U.S. container imports, with volumes increasing by more than 18 percent in July compared to June. Notably, the group’s August Global Shipping Report highlights a nearly 14 percent surge in shipments from India—underscoring companies’ preparations for the White House’s tariffs.
“Trade uncertainty remains high, however, as U.S. importers evaluate their supply chains in the face of the August 1 implementation of reciprocal duties on over 60 countries, the August 7 start of India-specific tariffs and the universal copper tariff, and the October 15 expiration of the U.S.–China tariff truce,” Jackson Wood, director of industry strategy at Descartes, said in a statement.
The state of trade negotiations remains unclear after a planned visit by a U.S. trade delegation to New Delhi this week was canceled.
At a recent Economic Times forum in New Delhi, Indian Foreign Minister Subrahmanyam Jaishankar said that discussions are continuing, but there are policies that his government wishes to defend, particularly for farmers and small businesses.
“We have some redlines in the negotiations, to be maintained and defended,” he said. “It is our right to make decisions in our ‘national interest.’”
ING economists warn that India’s growth prospects are uncertain amid potential trade strife.
The consensus forecast suggests that India’s economy expanded by 6.6 percent in the second quarter, down from the 7.4 percent growth rate in the first three months of 2025.
“High-frequency indicators point to a moderation in both private consumption and investment. Additionally, higher-than-expected tariffs and rising uncertainty around India’s trade policy with the US are emerging as downside risks to the 2025 growth outlook,” the ING economists said in a note.
Policymakers are using the current trade situation with the United States as a measure to employ domestic reforms, such as changes to the goods and services tax. The government might also be hedging its geopolitical bets as leaders attempt to enhance relations with China.
Indian Prime Minister Narendra Modi is scheduled to meet with Chinese leader Xi Jinping later this week on the sidelines of the Shanghai Cooperation Organisation. This will be Modi’s first visit to China in seven years.
According to Joe Maher, assistant economist at Capital Economics, a 50 percent tariff “would be large enough to have a material impact on [gross domestic product] growth” for India.
“If it sticks, the resulting drop in exports to the US could reduce GDP growth by 0.8%-pts both this year and next,” Maher said in a note.
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS WEDNESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1587 DOWN 0.0060 PTS OR 60 BASIS POINTS
USA/ YEN 147.92 UP 0.442 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 1.3445 DOWN .0031 OR 31 BASIS PTS
USA/CAN DOLLAR: 1.3851 UP 0.0016 (CDN DOLLAR DOWN 16 BASIS PTS)
Last night Shanghai COMPOSITE DOWN 68.03 PTS OR 1.76%
Hang Seng CLOSED DOWN 323.16 PTS OR 1.27%
AUSTRALIA CLOSED UP 0.21%
// EUROPEAN BOURSE: MOSTLY ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: MOSTLY ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 323.16 PTS OR 1.27%
/SHANGHAI CLOSED DOWN 68.93 PTS OR 1.76%
AUSTRALIA BOURSE CLOSED UP 0.26 %
(Nikkei (Japan) CLOSED UP 125.47 PTS OR 0.30%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 3384.50
silver:$38.38
USA dollar index early WEDNESDAY morning: 98.53 UP 40 BASIS POINTS FROM TUESDAY’s CLOSE
WEDNESDAY MORNING NUMBERS ENDS
And now your closing WEDNESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.175% UP 1 in basis point(s) yield
JAPANESE BOND YIELD: +1.631% UP 0 FULL POINTS AND 40/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.3331 UP 1 in basis points yield
ITALIAN 10 YR BOND YIELD 3.612 UP 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.718 UP 1 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY WEDNESDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1486 UP 0.0051 OR 51 basis points
USA/Japan: 148.10 UP 0.640 OR YEN IS DOWN 64 BASIS PTS//
Great Britain 10 YR RATE 4.7450 UP 0 BASIS POINTS //
Gold Gains Amid Fed Independence ‘Fears’, France FUBAR, & AI Anxiety
Wednesday, Aug 27, 2025 – 08:00 PM
No US macro today as all eyes were set on tonight’s NVDA earnings (with short-term vol markets well aware of the event risk this week)…
Source: Bloomberg
…but hedge fund net short volatility positioning in the VIX is the highest since 2022 (betting on the usually higher volatility months of September and October to be considerably less so than normal)…
Source: Bloomberg
…but ahead of the open, there was some chaos in European bond markets as France’s government is set to collapse (again).
France’s 30-year bond yields hit a fresh 14-year high at 4.45%, the loftiest rate after Italy’s in the euro-area…
Source: Bloomberg
“If we see some downgrades, that would be a big deal — people may be forced into changing their holdings,” said James Novotny, investment manager at Jupiter Asset Management, adding that the nation’s fiscal position stands out as the worst in the region.
“France has got away with being a core member of Europe for a long time.”
France’s benchmark bond-yield premium over Germany headed for its highest close since January in the latest sign of investor concern about the nation’s political outlook and troubled finances…
Source: Bloomberg
The other headline-grabbing item was Trump’s “firing” of Fed Governor Cook for alleged mortgage fraud with the world and his pet rabbit decrying this intrusion into Fed independence and pointing at the yield curve as an indicator of stress over this (except that the curve has been steepening since payrolls and CPI)…
Source: Bloomberg
… and rate-cut odds are basically unchanged (and already priced in) since the payrolls spike…
Source: Bloomberg
Of course, the real reason they are pointing to the yield curve is because every other market is ‘meh’ about Cook being fired and The Fed’s apparent independence and so they are clinging to that one multi-signal-driven bull steepening.
The S&P 500 hit a new record high today ahead of NVDA earnings but the last hour saw a wave of selling pressure drag Nasdaq into the red which was immediately met with a bigger wave of dip-buyers. The last 30 seconds of the day saw sellers return…
0-DTE traders went wild in NVDA today, with massive call-buying delta (and negligible put delta flows)
It was a noisy day for Mag7 stocks which still lagged the S&P 493 by the close…
Source: Bloomberg
AI stocks rallied back to two-week highs (but are off record highs) ahead of NVDA tonight…
Source: Bloomberg
Shorts were squeezed again today, helping to lift Small Caps (where the positioning is dominated)…
Source: Bloomberg
After four days of big buy impulses, today saw momentum names stumble…
Source: Bloomberg
Momentum remains a notable underperformer though relative to Nasdaq…
Source: Bloomberg
Before we leave equity-land, are we in 1997 Nasdaq land?
Source: Bloomberg
Treasuries were bid during the US session, with the short-end outperforming modestly (down around 2-3bps). On the week, only the long-end of the curve is higher in yield with the 30Y yield unchanged post-Cook-firing…
Source: Bloomberg
The dollar dived today after recovering the losses from Friday’s post-Cook collapse…
Source: Bloomberg
Gold extended its gains above the 50DMA today, having found support last week at the 100DMA…
Source: Bloomberg
Bitcoin rallied back above $112k, to pre-Cook spike levels…
Source: Bloomberg
Ethereum tracked bitcoin today but is holding its relative gains post-Cook-headlines…
Source: Bloomberg
Oil prices rebounded today helped by across the board inventory draws…
Source: Bloomberg
Finally, back to where we started this discussion, if everyone is so scared of Fed Independence – why is the market’s perception of USA sovereign risk back at pre-Trump lows…
Source: Bloomberg
…could it be that all the nattering nabobs are just as politically biased as The Fed itself?
DATA RELEASES
USA ECONOMIC COMMENTARIES/NEWS
Fed Issues Statement Over Trump Firing Of Governor Cook, Dems Play Race-Card
Tuesday, Aug 26, 2025 – 10:15 PM
Update (1505ET): The Fed appears to stand by Governor Cook (for now) with a weaselly statement:
“Lisa Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue” on the Board of the Federal Reserve System, the Fed says in a statement.
“As always, the Federal Reserve will abide by any court decision”
A statement that removes Powell from the fray for now… but we would expect a rapid response from Trump who earlier stated he was ready for a legal battle.
“Oh sure, always,” Trump said at a Cabinet meeting at the White House on Tuesday.
“She seems to have had an infraction, and she can’t have an infraction — especially that infraction, because she’s in charge of, if you think about it, mortgages.”
Presumably, The Fed’s statement combined with Bill Pulte’s receipts on her actual alleged fraudulent mortgage applications suggests she will be forced out by the facts sooner rather than later.
“I abide by the court,” President Trump says when asked to comment on the Federal Reserve’s statement that it will abide by any court decision issued regarding Lisa Cook.
Of course, The Democrats have already played the race card, claiming there is ‘no credible evidence’ (which is simply a lie) and remind the world she is the first black Fed Governor:
* * *
Update (0830ET): Mainstream media is abuzz this morning with the news of Trump’s firing of Fed Governor Cook over her alleged mortgage cheating. Given that she has apparently refused to leave, this puts The Fed (and in particular Chair Powell) in an awkward position.
If they allow her to continue with her duties as Fed Governor, starting this morning, and the courts find that the President does have the authority to fire her, even if it’s months later during an appeal, anything she does on behalf of the Fed as a Governor starting today will not be valid.
And the Fed could be held responsible for allowing a non-employee to continue to act like an employee.
Restated, if the Fed allows her to stay and continue to be a Governor, and the court rules that Trump can fire her (again, even if it is later in an appeal), then Jay Powell has potentially committed a “for-cause” offense for which he could be fired.
(allowing a non-Fed employee to make decisions and policy on behalf of the Federal Reserve.)
Additionally, Cook has hired former first son Hunter Biden’s lawyer, Abbe Lowell, to represent her.
In a statement, Lowell vowed to take “whatever actions are needed” to stop what he described as Trump’s “illegal action.”
Trump Calls For RICO Charges Against Soros Over Violent Protest Support; Gates Foundation Abruptly Severs Ties With Rogue Arabella Advisors
Wednesday, Aug 27, 2025 – 09:05 AM
The “dark money” network operated by Arabella Advisors has reportedly lost one of its top funding sources: a leftist billionaire’s foundation.
Equally significant in the news cycle this morning, President Trump stated on Truth Social that George Soros and his radical leftist son, Alex Soros, “should be charged with RICO because of their support of violent protests.”
Trump: “George Soros, and his wonderful Radical Left son, should be charged with RICO because of their support of Violent Protests, and much more, all throughout the United States of America.” pic.twitter.com/KBxuyAaisF— zerohedge (@zerohedge) August 27, 2025
A New York Times report indicates that the Gates Foundation has halted funding to nonprofit funds managed by Arabella, choosing instead to work directly with some partners rather than through intermediaries.
In its internal announcement, dated June 24 and sent to some Gates employees who oversee grant programs, foundation officials did not mention politics. Instead, they cited a desire to engage more directly with grant recipients and cut back on the use of intermediaries like Arabella entities.
“Teams are increasingly working directly with programmatic partners — organizations that are deeply embedded in the communities we serve and closely aligned with our mission,” the note reads. “As we look ahead, this is a chance to build deeper, more durable relationships with those partners — and to reinforce the kind of legacy we want to leave behind.” -NYT
Tracing the Arabella network’s donors is tricky. But according to the NYT, the Gates Foundation has plowed $450 million into the network since 2008, which in turn funneled money into other nonprofit entities, ranging from radical leftist climate groups to abortion initiatives, and even supporting the permanent protest-industrial complex against President Trump.
💰 $114.8 Million Dark Money Infusion: The Arabella Advisors network has funneled at least $114.8 million to “No Kings” protest organizers and affiliates according to most recent (’19-’23) financial disclosures analyzed by GAI. pic.twitter.com/qWHyuAa7Tg— Seamus Bruner (@seamusbruner) June 13, 2025
With President Trump back in the White House and investigations focusing on corruption across the Democratic Party’s funding and nonprofit infrastructure, as well as ActBlue investigations, the risks for Bill Gates’ progressive NGO empire have never been greater.
The move to cut ties could have happened even sooner, according to two people, one close to the foundation and one with knowledge of Arabella’s internal operations. Over the last few years, Arabella has become a target of conservative watchdogs because of its work with groups that funnel money toward progressive causes. With President Trump back in the White House, the political risks have only mounted. -NYT
Peter Schweizer and Seamus Bruner of the Government Accountability Institute recently revealed a report that detailed how the rogue anti-Trump ‘No Kings’ front group, waging a permanent protest against all things Trump, “bagged $114.8 million from the Arabella dark money network.”
The Gates Foundation told NYT that the move to sever ties with Arabella was “a business decision that reflects our regular strategic assessments of partnerships and operating models.”
NYT’s report on Arabella comes hours after NBC News confirmed Gates met with Trump at the White House on Tuesday afternoon.
More details from the report:
Some nonprofits are distancing themselves from Arabella to keep Gates funding.
Several groups have started exiting Arabella’s New Venture Fund (NVF), which serves as a fiscal sponsor for 170+ projects and has funneled billions into progressive causes.
While Gates once accounted for a significant share of NVF funding, in 2023 its contribution was only 2%. Still, losing Gates threatens Arabella’s influence and revenue streams.
What’s clear is that Gates is moving to insulate his foundation ahead of what could be a period of intense scrutiny and crackdowns on rogue progressive philanthropic networks.
end
Mass Shooting At Minneapolis Catholic School: 2 Dead, Many Injured, Suspect “Contained”
Wednesday, Aug 27, 2025 – 11:35 AM
Authorities responded to a horrific school shooting at Annunciation Church and School in Minneapolis on Wednesday morning.
Early reports indicate that at least two people were killed and several others wounded.
NEW: Crime in Minneapolis was so bad last night that the police response to the Annunciation Catholic School may have been limited, according to Fox.
As many as 20 people were injured. There was an "All-School Mass" scheduled this morning, according to NBC News.
“I have been fully briefed on the tragic shooting in Minneapolis, Minnesota. The FBI quickly responded and they are on the scene. The White House will continue to monitor this terrible situation. Please join me in praying for everyone involved!”
Minneapolis Mayor Jacob Frey and law enforcement will hold a press conference at 11:30 a.m. ET.
NBC reports that before today’s school shooting, there were three deadly shootings in Minneapolis in 12 hours.
“The level of gun violence across the city within the last day is deeply unsettling,” the Minneapolis Police Department stated earlier, adding, “Across three separate multiple-victim shootings, eight people have been injured by gunfire and three have lost their lives.”
The attack at Annunciation Church would be the fourth deadly shooting in less than one day.
2 days ago, Minnesota Governor Tim Walz attacked the National Guard deployments to stop crime
@JordanSchachtel: Lisa Cook obtained separate $203k & $550k mortgages for a MI & GA property, claiming both as a principal residence. She then rented them out and omitted the income from disclosures… (CNN confirms, wonders if intentional) https://x.com/pulte/status/1960475818074779994/photo/1
WSJ’s @NickTimiraos: “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” said Cook in a statement late Monday. “I will not resign.”
Cook hired Hunter Biden’s attorney, Abbe Lowell, who stated, “Pres. Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action.”
@josh_hammer: Trump can fire Fed governors, or the Fed is unconstitutional.There is no middle ground here. Zero. (The SCOTUS will likely have to decide if the Fed is extraconstitutional.)
Jim Bianco: @biancoresearch: Cook refusing to leave puts the Fed in a difficult position. If they allow her to continue with her duties as Fed Governor, starting this morning, and the courts find that the President does have the authority to fire her, even if it’s months later during an appeal, anything she does on behalf of the Fed as a Governor starting today will not be valid. And the Fed could be held responsible for allowing a non-employee to continue to act like an employee. Restated, if the Fed allows her to stay and continue to be a Governor, and the court rules that Trump can fire her (again, even if it is later in an appeal), then Jay Powell has potentially committed a “for-cause” offense for which he could be fired.
(DJT pick for BLS chief) @dlacalle_IA: When central banks reject limiting government spending excesses, they are not “independent.” If central banks do not work as brake on fiscal excess, they do not guarantee price stability; they just enable inflationism.
The Fed has an enormous problem. The Fed regulates banks; and banks make mortgages. There should NOT be even a hint of impropriety. Cook’s defiance gives the appearance that Fed officials believe they are regal and no one has authority over them. This arrogance could lead to change and more oversight.
Yesterday, the Fed said it would abide by any court decision on Lisa Cook. This is an unfathomably arrogant and troubling statement. The Fed infers that if it felt so, it could disobey the courts!
Remember, some Fed officials were caught giving insight info to others. And there was no legal punishment. Fed officials were caught making illegal trades. And there were no legal consequences.
Federal Reserve Subpoenaed Over Leak 2015 “It is unacceptable, illegal and corrupt for anyone at the Fed to deliver inside information that could provide a financial advantage to the privileged few and lead to the manipulation of financial markets,” says Chairman Hensarling… According to news reports, confidential FOMC information was leaked to Medley Global Advisors, which then published this non-public information to clients in an investor advisory memo… The Federal Reserve to date has not provided any of the documents requested by the Committee and has not provided any legally justifiable reason for its failure to comply with the Committee’s document request. https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=399164
@zerohedge: Now can we go back to August 2019 when former Fed president Bill Dudley wrote an oped urging that Fed to hike rates and blow up Trump’s policies? Why would he do that if i) the Fed was independent and ii) this was not even a remote possibility?
Leftists are circling the wagon around Lisa Cook. They did the same to get her on the Fed Board after numerous ‘irregularities’ with her academic work and research were made public.
@ABC: House Minority Leader Hakeem Jeffries condemned President Trump for removing Federal Reserve Board Governor Lisa Cook from her position, arguing Trump is “trying to remove her without a shred of credible evidence that she has done anything wrong.” (Signed docs are not evidence?
Hakeem Jeffries ripped for noting Lisa Cook’s race while slamming Trump for trying to fire her: ‘Who gives a flying fruitcake what color she is?’ https://trib.al/3QCoDyU Besides defending criminals, illegal migrants and domestic, Dems and the media are now defending apparent mortgage fraud – after a decade of proclaiming, “No one is above the law.” Mortgage fraud is something that will resonate with and aggravate average Americans.
The detestable media once again published duplicitous stories and headlines. This time on consumer confidence. The Conference Board’s Consumer Confidence for August is 97.4. The media delightfully reported that it fell from July. What ‘they’ did not report is that July Consumer Confidence was originally 97.2; but it was revised to 98.7 in the August report.
After trading moderately higher during the first two hours of trading on Monday night, ESUs tumbled on the Lisa Cook firing. ESUs hit a daily low of 6430.75 at 20:44 ET and then rallied to 6454.75 at 1:42 ET. ESUs then sank to 6435.00 at 3:13 ET. Dip buyers (for the 3 ET European opening) eagerly bought.
ESUs then march higher, with only three minor interruptions, to a daily high of 6465.25 at 13:29 ET. After a retrenchment to 6453.50 at 13:54 ET, ESUs plodded to a new daily high of 6485.00 at 16:00 ET.
Positive aspects of previous session ESUs and stocks rebounded robustly from the Lisa Cook canning lows. Traders poured into NVDA for the results that are due on Wednesday. The SCOTUS must soon declare who has authority over the Fed! Negative aspects of previous session USUs declined modestly. Fangs lagged the rally during NYSE trading. Despite the buying for Nvidia’s results, the NY Fang Index rallied only modestly.
Ambiguous aspects of previous session What happens in the days after Nvidia’s results? What will be the consequences of the Trump-Fed/Lisa Cook conflict?
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6454.51 Previous session S&P 500 Index High/Low: 6468.37; 6429.21
Apparently, no one on Team Trump has the smarts or stones to stop DJT from ill-conceived trial balloons.
Trump to allow 600,000 Chinese students entry to US for college as trade talks with China press on (That’s a lot of potential Chinese spies!) https://t.co/hgBN4gIE7e
@libsoftiktok: Chinese nationals are required by law in China to gather and provide intelligence to the CCP when coming to the United States on a student visa. We currently have an organized CCP spy ring across our country.https://x.com/libsoftiktok/status/1960416023309639725
When a reporter pressed DJT, he doubled down on admitting 600k Chinese students and potential spies. Trump: “We’re getting along well with China. And I’m getting along well with President Xi… If they didn’t come here our college system would go to hell… I’m honored to have Chinese students come here…” https://x.com/disclosetv/status/1960413245824753849
Trump rants behind closed doors with CEOs – Politico August 8, 2018 At one point during the dinner, Trump noted of an unnamed country that the attendee said was clearly China, “almost every student that comes over to this country is a spy.”… (What changed, Donnie?)
@davereaboi: Trump’s total flip from 45 to 47 on China is something that’s probably unprecedented in modern American political history. And—insanely enough!—it happened despite the Chinese doing Covid. Wild. (On social media, MAGA types excoriated DJT for his Chinese student scheme.)
Fox:Sec. Howard Lutnick tells @IngrahamAngle that, without Chinese students in American universities, 15% of schools would go under. (Insulting rationalization) https://t.co/BrS1ZFr5qO
Trump Media Is Launching Another Crypto Play. The Stock Is Up. The parent of Truth Social announced two partnerships with Crypto.com, the latest in a series of crypto-related endeavors… (This is unseemly and a blatant conflict of interest!) https://t.co/cyYaTCjUzv
@tracyalloway: Howard Lutnick at Trump’s cabinet meeting: “The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president. And we are going to put out GDP on the blockchain so people can use the blockchain for data distribution.” https://x.com/tracyalloway/status/1960408102387507680
Does DJT use Lutnick as the tool to introduce dicey/troubling schemes, or is Howard a natural jester?
If Trump wants to acquire ownership of US companies, they should first takeover the big banks, which are quasi-government owned/supported entities. And big banks have socialized risks but privatized profits, bonuses, and extremely munificent stock options for executives! Wealthy Connecticut town (Bethel) fights against project that would build 75 affordable housing units: ‘Insult to Bethel’ (make the elites live with what the masses must endure!) https://trib.al/xreVBDe
@CrackerBarrel: We thank our guests for sharing your voices and love for Cracker Barrel. We said we would listen, and we have. Our new logo is going away and our “Old Timer” will remain… https://x.com/CrackerBarrel/status/1960475658116632865
If anyone understands rudimentary sociology and psychology, they understand that once a critical mass of people expresses a position, others will comply (herd behavior). AF [After Floyd] many people believed woke was the not only the norm, but it was also the preferred behavior – and you could be canceled, fired, or worse if you did NOT comply with woke. Corporations forced employees to be woke. Some firms made woke indoctrination mandatory. Now, the movement against woke shows it is NOT necessary to be woke. People will adjust their views and behavior.
Today – Nvidia reports results after the NYSE close; 1.01 EPS and $46.23B revenue are expected. Traders have been loading up for Nvidia’s results all week. Barring negative news, stocks should rally into the afternoon. Then, rumors about NVDA’s results could dictate trading.
To reiterate, the markets are extremely thin this week. A determined few can create market action.
ESUs are +1.50 (+; NQUs are +9.00; AU is +8.00; and USUs are -6/32 at 20:132 ET.
S&P Index 50-day MA: 6287; 100-day MA: 5978; 150-day MA: 5945; 200-day MA: 5952 DJIA 50-day MA: 44,227; 100-day MA: 42,697; 150-day MA: 42,898; 200-day MA: 43,067 (Green is positive slope; Red is negative slope)
S&P 500 Index (6465.94 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 6116.61 triggers a sell signal Daily: Trender is positive: MACD is negative – a close below 6342.69 triggers a sell signal Hourly: Trender and MACD are positive – a close below 6434.85 triggers a sell signal
@libsoftiktok: Democrat Rep. Jennifer McClellan: “being an undocumented immigrant is not a crime.” (She knows it’s a crime; she’s trying to gaslight people.) https://t.co/URgcUGXcJO
@robkhenderson: “In 1993, the richest 20 percent of congressional districts were represented by Republicans over Democrats at a ratio of less than two to one. Today, they tilt Democrat by nearly five to one.”https://t.co/hiBejHisGa
@IngrahamAngle: Pritzker says Chicago’s getting better.@realBlagojevich: ‘254 murdered in 233 days — 80% Black. If this happened in his neighborhood, he’d beg for the Army, Navy, Marines, Air Force.This is hypocrisy with a touch of racism. For Dems, Black lives matter only for votes.’https://t.co/SU1tlSjBPk
@libsoftiktok: Illinois Governor JB Pritzker threatens Trump that if the National Guard is deployed to Chicago, Democrats will target Trump with politically motivated lawfare when they have the majority… https://t.co/4v0vNYBp3H
Chicago mayor Brandon Johnson dodges questions about city’s policing on MSNBChttps://trib.al/RayS2OT
Johnson repeatedly claims incarceration does NOT stop crime; and more investment (Euphemism for more gov largesse, notably more ‘affordable housing’ and ‘youth’ jobs), ‘healthcare’ halts crime.
VP Vance: “Public safety is not just something that should belong to the wealthy (Private security). It should belong to every working man and woman in the United States of America — and because of the work of this Administration, that is happening.” https://x.com/RapidResponse47/status/1960400554729070627
DNC agreed to pick up the tab for more than $20M of Kamala Harris campaign debt in ‘handshake deal’: report – in exchange for the failed Democratic presidential nominee’s pledge to raise money for the Democratic Party… https://trib.al/EqkoU8D
@Rightanglenews: Police have arrested and charged a 14-year-old girl after she was forced to brandish a knife to defend herself and her friend against a migrant who attempted to assault her near St Ann’s Lane in Dundee, Scotland.https://t.co/odBjzIZugA
@WallStreetMav: Civil war is coming eventually to the UK. If 12 year old girls feel the need to defend themselves from 3rd world invaders, you know there is a problem in the UK. https://t.co/QmWRUcpAVr
@elonmusk: Start by condemning the grovelers and collaborators in positions of authority in Britain who aided the rape epidemic of their own people or turned a blind eye to their responsibilities…
@robkhenderson: “88% of the students said they pretended to be more progressive than they are to succeed academically or socially. 80% of students said they submitted class work that misrepresented their real views to conform to the progressive views of the professor.” https://t.co/qF60AIhcfW
Can you imagine the Dem and MSM outrage if 88% of students claimed that had to act more conservative than they were to succeed? PS – On the first day of a philosophy course, the professor told us that he was a communist. I wrote papers accordingly and got an ‘A.’
Politico: The Democratic National Committee delayed making a final decision on a pair of dueling resolutions on the U.S.-Israel relationship… The committee also approved a grab-bag of other messaging priorities, including condemning President Donald Trump’s second term, combatting dark money in presidential primaries and backing Texas Democrats’ efforts to stop the state’s gerrymandering. https://www.politico.com/news/2025/08/26/dnc-israel-palestine-arms-embargo-resolution-00525446
Leftist Dems are loath to accept that their whacko policies are the cause of their high disapproval.
Once upon a time, boys & girls, leftist Dems tried to pretend and euchre Americans into believing they were God-fearing, America-loving moderates. Now, most Dems unabashedly pander to the whacko left! Trump’s takeover of the middle/working class is the major reason. NYT: Donald Trump’s Big Gay Government – On the town with the A-Gays of Washington, who have never been happier to be out, proud and Republican. He allowed gay people to join Mar-a-Lago when other clubs in Palm Beach still discriminated. One associate of his said that in the period when Mr. Trump was preparing to become a presidential candidate, he privately explained his thinking on gay-related policy issues, such as marriage equality, this way: “I love the gays. They pay the most for the weddings.”… Mr. Kirchick called the president a “camp icon,” adding: “He’s like a drag queen. He’s outrageous, he’s transgressive, he’s catty, he’s a narcissist the likes of which we haven’t seen since Alexander the Great.” The A-Gays also worship Melania Trump and she seems to appreciate them, too… “The gay left just can’t handle the fact that President Trump loves the gays,” said Casey Flores, a 34-year-old MAGA gay who moved to Washington in April and started a job at the Kennedy Center as a fund-raiser… https://www.nytimes.com/2025/08/26/style/gay-men-trump-administration-republicans.html
@AutismCapital: Taylor Swift getting engaged (to KC Chiefs star Tavis Kelce) just gave psychic permission to millions of women to also get married and have children. “Mother has spoken.”…
SWAMP STORIES FOR YOU TONIGHT
Stephen Miller: ‘Massive Scandal’ Brewing In D.C. Involving ‘Doctored’ Crime Statistics, Murders Counted As ‘Accidents’
White House Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller told reporters Monday that the Trump administration has uncovered a “massive scandal” in Washington D.C. involving the doctoring of crime statistics.
He said the alleged corruption is currently under investigation and said details of the corruption will soon be brought to light.
Miller said D.C. already had the worst crime statistics in the United States when “honestly measured,” but those stats “dramatically understated how bad it was.”
The White House advisor told reporters that murders and homicides were allegedly being reported as accidents instead of murders.
“This is how severe the manipulation of the crime data has been in the city and it will all be uncovered and it will all be brought to light,” he said.
For the past two weeks—since the D.C. crime crackdown began—the city has not seen a single murder or homicide.
“No police officer working in the city can remember a time in their lives when there has been no murders,” Miller asserted.
He said police officers have told him that members of the public have been thanking them for making D.C safe again.
“For the first time in their lives, they can use the parks, they can walk on the streets, you have people who can walk freely at night without worrying about being ribbed or mugged,” he said. “They’re wearing their watch again, they’re wearing jewelry again, they’re carrying purses again.”
Miller explained that D.C. residents had been forced to “change their who lives for fear of being murdered, mugged or carjacked.”
He added that Trump had freed the 700,000 residents of the city from “the rule of criminals and thugs.”
Miller credited Drug Enforcement Administration (DEA) Administrator Terrance C. Cole with discovering that street criminals in Washington D.C. have been “doing business directly with the transnational criminal cartels,” which are foreign terrorist organizations.
“So not only was the city being run by these criminal thugs, but they were working with some of the most dangerous terrorist organizations on the planet to traffic weapons and drugs into this city,” he explained.
“What we are uncovering every day is shocking to us and we look forward to sharing the results with all of you but President Trump, your leadership has uncovered some of the great public safety scandals of our life and now because of you, people are safe and free for the first time ever in this city,” he concluded.
Vice President JD Vance questioned why Democrats are so outraged over Trump’s efforts to reduce crime in the nation’s capital since the results have been so positive.
“I want to echo something the president said where you say there haven’t been murders in a couple of weeks in D.C., and it doesn’t sound good, but then you talk to local law enforcement, and I didn’t realize this, that this town averaged one murder every other day for the last 20, 30 years,” Vance began.
“Which means that in two short weeks, the president and the team have saved 6 or 7 lives. People who would have been killed on the streets of D.C., who are now living, breathing, spending time with their families because the president had the willpower to say no more,” he continued.
Vance took a shot at the Democrat governors who are fighting Trump’s D.C. crime crackdown.
“Look at Governor Pritzker in Illinois or Governor Newsom in Los Angeles, or Governor Moore in Maryland,” the Vice President said. “They are angrier about the fact that the president of the United States is offering to help them get their crime under control than they are about the fact that murderers are running roughshod over their cities and have been for decades.”
He added: “Why are Democrat governors angrier about federal law enforcement helping clean up their streets than they are about the fact that those streets need to be cleaned up to begin with?”
Vance diagnosed their twisted priorities as “a real sickness in the head.”
“I think most Democrats rank and file, nobody likes crime. Republicans don’t like crime. Democrats don’t like crime. Independents don’t like crime,” he told reporters, adding, “Why are Democratic governors doing everything in their power to make crime easier to do in their cities?”
Vance said it made no sense to him, but regardless, he appreciated Trump’s efforts to clean up America’s streets for its citizens.
Patrick Yoes, National President of the Fraternal Order of Police, issued the following statement today supporting Trump’s executive orders addressing cashless bail:
“The National Fraternal Order of Police (FOP) represents over 382,000 law enforcement officers across the United States as well as the major law enforcement agencies responding to the crime crisis in the District of Columbia, including the officers serving in Washington, D.C. Metropolitan Police Department, Metro Transit Police Department, U.S. Capitol Police, and the U.S. Park Police.
“Today, we are proud to announce our full support for President Trump’s Executive Order addressing the dangers of cashless bail systems. Our officers understand the real-world consequences of policies that prioritize leniency over accountability, usually at the expense of community safety and the rule of law.
“This Executive Order is a critical step forward in restoring balance to D.C.’s criminal justice system by curbing the reckless implementation of cashless bail reforms that have allowed repeat offenders to evade any meaningful consequences for their criminality. We commend the Administration for recognizing the importance of deterrence in preventing crime and protecting our neighborhoods by ensuring that those who pose a genuine threat to public safety aren’t back on the street after completing a little paperwork.
“Law enforcement officers spend every single shift in harm’s way while protecting our communities. The citizens of D.C. cannot afford policies that undermine their efforts by releasing dangerous individuals back into society without sufficient safeguards. The FOP urges all D.C. stakeholders—legislators, judges, and community leaders—to join us in championing this Executive Order as a vital measure to help protect our nation’s capital.”
END
THIS JUDGE IS NUTS!!
Illegal-Alien-Protecting Judge Suffers Key Loss With Rejection Of Her Judicial Immunity Claim
We have previously discussed the lack of a credible defense for Milwaukee County Judge Hannah Dugan, who has been charged with facilitating the escape of an undocumented man being sought by federal officers in her courthouse. Indeed, despite having high-powered lawyers such as Paul Clement, her recent social media posts seem more like a pitch for jury nullification. One bright spot for Dugan was that she was assigned to U.S. District Judge Lynn Adelman, a liberal Democrat who has run for prior office and has been accused of bias on the bench.
However, Judge Adelman just delivered a blow to the defense by rejecting Dugan’s claim that she had judicial immunity in taking her actions.
According to the criminal complaint, a six-person arrest team (including an ICE officer, a Customs and Border Protection officer, two FBI special agents, and two DEA agents) came to the courthouse to arrest Eduardo Flores-Ruiz, a Mexican immigrant facing three misdemeanor battery counts they intended to deport.
He is accused of hitting someone 30 times during a fight that erupted over complaints that his music was too loud and assaulting three separate individuals, the Milwaukee Journal Sentinel reported.
Flores-Ruiz was previously deported and then entered again illegally, a federal felony. He was issued an I-860 Notice and Order of Expedited Removal on January 16, 2013, and Flores-Ruiz was “removed to Mexico through the Nogales, Arizona, port of entry.” Not only is reentry a felony but when there is an order of expedited removal, you can be deported without any further court hearing.
After facilitating his escape, Dugan was later arrested and charged with obstructing or impeding a proceeding (18 U.S.C. 1505) and concealing an individual to prevent his arrest (18 U.S.C. 1071).
Calls for resistance and even replication have also come from colleagues on the bench. Monica Isham, a circuit judge in Sawyer County, not only defended Judge Hannah Dugan in an email to other state judges but added that she “has no intention of allowing anyone to be taken out of my courtroom by [Immigration and Customs Enforcement agents] and sent to a concentration camp.”
Recently, Dugan went public with an interview that notably lacked any discernible defense, other than stating that she helps defendants use the “backdoor” when she considers circumstances that “warrant it.”
Judge Adelman ruled on that:
“Ultimately, as the Supreme Court has stated, ‘the official seeking absolute immunity bears the burden of showing that such immunity is justified for the function in question.’ I cannot say as a matter of law that the defendant’s alleged conduct falls within even this more limited version of immunity…There is no basis for granting immunity simply because some of the allegations in the indictment describe conduct that could be considered ‘part of a judge’s job.’”
The lack of any cognizable claim in Dugan’s public pitch suggests that she might be hoping for a juror to simply vote to acquit as a visceral or political statement.
This is a liberal jury pool where jury nullification must be a concern for prosecutors even though such an argument cannot be made overtly by the defense to the jurors.
Dr. Sherri Tenpenny (Dr. T) was one of the first doctors to sound the alarm on the CV19 “vaccine” and the death and disability in the millions by injecting it into billions of people around the world. The CV19 vax nightmare is not going away–just the opposite. Dr. T says, “It is going to continue to grow. . .. We have just a handful of data bases in our country, the UK and Europe. We don’t have data bases for countries such as China, India, Maylasia, South America or any of the other countries. So, it’s only a guess of the global number of deaths so far. Most recently, I have seen a list that said 30 million people died directly from the Covid jab. A few years ago, the Expose’ news put out a report that 2.1 billion worldwide had become disabled or had some sort of vaccine injury. This is a global disaster, and it’s not going to go away.”
Dr. T says there are long lists of problems caused by the CV19 injections. Dr. T says, “We have a pediatric poisoning program and a poisoning program for adults. We are injecting all this foreign matter, animal cells, aluminum, MF59 and weird adjuvants. We are injecting this foreign matter that does not belong there and it creates downline havoc. The havoc becomes cardiovascular disease, a long list of neurological problems and a long list of autoimmune diseases.”
And, yes, cancer, too, but cancer caused by the CV19 vax has a new name. Doctors are calling it turbo-cancer because it spreads incredibly fast. A few months ago, Dr. T released a popular book called “Zero Accountability in a Failed System.” Now, there might finally be some accountability because of a new government task force started by HHS Secretary RFK Jr. Dr. T says, “Kennedy has to methodically lay the ground work for research and science. . .. They are going to be looking at things unlike any committee at the CDC has ever done. . .. This committee is going to be looking at DNA contamination, poor manufacturing standards, cardiovascular complaints, turbo-cancers, long-term disability and complications with the immune system. They are looking at all of the things where the Pfizer papers showed 1,200 conditions that they knew the Covid 19 jabs could cause. Now, there have been between 1,000 and 2,500 studies that have been published showing the problems with the Covid 19 vaccine. This committee is going to be looking at them and systematically dismantling them. . .. This is going to lead us out of this vaccination nation and for sure away from the mRNA vaccines.”
Why is Big Pharma pushing vaccines like the CV19 injections so hard? Dr. T says, “If you break someone’s immune system and make them unhealthy . . . you have created a customer for life. . .. That’s why they can give away vaccines for free.”
harveyorganblog.com 
