We now enter options expiry week for our gold and silver contracts.
OTC /London LBMA EXPIRES august 29.
099 H DEUTSCHE BANK AG 278
132 C SG AMERICAS 5
190 H BMO CAPITAL MARKETS 1
285 C NANHUA USA-HK 1
323 C HSBC 11
332 H STANDARD CHARTERED B 241
435 H SCOTIA CAPITAL (USA) 52
624 H BOFA SECURITIES 212
661 C JP MORGAN SECURITIES 47
686 H STONEX FINANCIAL INC 141
732 C RBC CAP MARKETS 357
905 C ADM 6 6
991 H CME 96
GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2025: 727 CONTRACTs NOTICES FOR 72,700 OZ or 2.2612 TONNES
total notices so far: 34,565 contracts for 3,456,500 OR 107.5117 tonnes)
SILVER NOTICES: 0 NOTICE(S) FILED FOR 0 OZ/
total number of notices filed so far this month : 2191 CONTRACTS (NOTICES) for 10.955 million oz
EXCHANGE FOR RISK ISSUANCE FOR SILVER/MAY
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 48.955 MILLION OZ (QUITE SMALL)
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 5,000 OZ QUEUE JUMP //NEW STANDING ADVANCES TO 10.960 MILLION OZ
AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 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 107.5117 TONNES OF GOLD NORMAL STANDING (INCLUDES ALL MONTHLY QUEUE JUMPS/EX FOR PHYSICAL TRANSFERS//) +44.696 TONNES EX.FOR RISK = 152.208 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STILL 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: 162.04 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 4417 CONTRACTS OI TO 154,213 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 600 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 600 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 4417 CONTRACTS AND ADD TO THE 600 E.FP. ISSUED
WE OBTAIN A STRONG SIZED LOSS OF 3817 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR GAIN IN PRICE OF $0.04 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 19.085 MILLION PAPER OZ
OCCURRED WITH OUR $0.04 GAIN IN PRICE. ALL OF THE OI LOSS WAS DUE TO SPREADER LIQUIDATIONS
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENT
Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
ASIAN MARKETS THIS WEDNESDAY MORNING:
SHANGHAI CLOSED UP 43.25 PTS OR 1.14%
//Hang Seng CLOSED DOWN 202.44 PTS OR 0.81%
// Nikkei CLOSED UP 308.52 PTS OR 0.73% //Australia’s all ordinaries CLOSED UP 0.11%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1378 OFFSHORE CLOSED UP AT 7.1366/ Oil UP TO 63.64 dollars per barrel for WTI and BRENT UP TO 67.64 Stocks in Europe OPENED MOSTLY GREEN
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1378 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1366 AGAINST US DOLLAR/ AND THUS STRONGER
XXXXXXXXXXXXXXXXXXXXXXXXXXXX
END
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 5156 CONTRACTS TO 448,916 OI WITH OUR STRONG GAIN IN PRICE OF $12.60 WITH RESPECT TO WEDNESDAY’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 FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2427). WE HAD LITTLE IF ANY T.A.S. LIQUIDATION AND MONTH END SPREADER LIQUIDATION //WEDNESDAY TRADING AS WE HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 7583 CONTRACTS (OR 23.586 TONNES).THEN WITH MUCH SHOCK TO ME WE HAD OUR 4TH CONSECUTIVE HUGE 2,226 CONTRACTS ISSUED FOR EXCHANGE FOR RISK WEDNESDAY FOR 222,600 OZ OR 6.923 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: 7 ISSUANCES FOR A MONTHLY MONSTER 14,370 CONTRACTS OR 1,437,000 OZ ( 44.696) TONNES). TUESDAY THE CME ISSUED THE 2ND HIGHEST EVER MONTHLY RECORDED ISSUANCE OF 2924 CONTRACTS AND THIS IS FOLLOWED BY TODAY’S HUGE ISSUANCE OF 2226 CONTRACTS THUS BECOMING THE 4TH HIGHEST EVER RECORDED BY THE CME, SLIGHTLY BELOW YESTERDAY’S ISSUANCE OF 2924 CONTRACTS. THE HUGE NUMBERS OF EXCHANGE FOR RISK 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 7583 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 1758 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 47.2312 TONNES +44.696 TONNES EX FOR RISK (7 ISSUANCES) //NEW STANDING 152.208 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 47.2312 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 25, AUGUST 26 9.0699 TONNES , YESTERDAYDAY’S (AUGUST 27) 9.0699 TONNES AND FINALLY TODAY’S TODAL OF 6.923 TONNESS/NEW STANDING ADVANCES TO 152.208 TONNES.
EXCHANGE FOR PHYSICAL ISSUANCE
THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A FAIR SIZED 2427 EFP CONTRACT WAS ISSUED: : /DEC 2427 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2427 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//WEDNESDAY
- MONTH END SPREADERS HAVE NOW APPEARED ON THE SCENE DISTORTING OI NUMBERS. HOWEVER 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 WEDNESDAY NIGHT/THURSDAY MORNING WAS A FAIR SIZED SIZED 1758 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 STRONG GAIN OF COMEX OI AND A FAIR 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 7 ISSUANCES OF EXCHANGE FOR RISK FOR 44.696 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 7 MONTHLY ISSUANCES OF: EXCHANGE FOR RISK TOTALLING 44.696 TONNES//NEW STANDING ADVANCES AS FOLLOWS:
107.5117 TONNES NORMAL DELIVERIES (INCLUDES ALL QUEUE JUMPS /EXCHANGE FOR PHYSICAL TRANSFERS) +
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
PLUS 6.923 TONNES EX. FOR RISK/AUGUST 28
MONTHLY TOTAL 44.696 TONNES EXCHANGE FOR RISK!MONTH OF AUGUST.
EQUALS
152.208 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
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD TRADING/AUGUST CONTRACT MONTH
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY A STRONG $12.60/ /) 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, THURSDAY) 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.
THURSDAY MORNING//WEDNEDAY NIGHT
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL WEDNESDAY EVENING/ THURSDAY 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: 7 SO FAR,
TOTAL EXCHANGE FOR RISK MONTH OF AUGUST 44.696 TONNES, THE HIGHEST MONTHLY EVER COMEX ISSUANCE!!!!!!
THUS 107.5117 TONNES OF NORMAL GOLD STANDING (INCLUDING ALL QUEUE JUMPS/EX FOR PHYS TRANSFERS) + 44.696 TONNES EX FOR RISK = 152.208 TONNES.
ANALYSIS AUGUST DELIVERY MONTH GOING FROM FIRST DAY NOTICE// AUGUST COMEX CONTRACT
WE HAVE A STRONG SIZED GAIN TOTAL OF 23.586 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR AUGUST FIRST RECORDED AT 60.547 TONNES ON FIRST DAY NOTICE TO WHICH WE SUBTRACT TODAY;S SMALL EX FOR PHYSICAL TRANSFER OF 0.1804 TO OUR MONTHLY QUEUE JUMPS OF 47.4116// TOTAL MONTH OF AUGUST QUEUE JUMPS: 47.2312 TONNES
TO WHICH WE THEN ADD OUR 7 EXCHANGE FOR RISK FOR 44.696 TONNES FOR RISK//NEW STANDING ADVANCES TO 152.208 TONNES
ALL OF THIS HUGE STANDING FOR AUGUST WAS ACCOMPLISHED WITH OUR STRONG GAIN IN PRICE TO THE TUNE OF $12.60
WE HAD XXXX 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 7583 CONTRACTS OR 758300 0Z (23.586 TONNES)
confirmed volume WEDNESDAY 174,096 contracts// weak//everybody vacating the comex???
speculators have left the gold arena
END
INITIAL GOLD COMEX
END
INITIAL GOLD COMEX
AUGUST CONTRACT MONTH
AUGUST 28 /2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1 entries Brinks: 2906.26 oz total withdrawal 2906.26 oz . |
| Deposit to the Dealer Inventory in oz | 2 ENTRIES i) Into Asahi dealer 128,345.323 oz (3992 kilobars) ii) Into dealer Brinks 13,599.873 oz (423 kilobars) total deposit dealer 141,945.206 oz 4.415 tonnes |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 2 ENTRIES i) Into Brinks 46,803.177 oz ii) Into Delaware: 64.302 ooz (2 kilobars) total deposit: 46,867.479 1.4577 tonnes total weight dealer and customer acct 5.87 tonnes xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 727 notice(s) 72,700 OZ 2.2612 TONNES |
| No of oz to be served (notices) | 0 contracts 000 OZ 0.0 TONNES |
| Total monthly oz gold served (contracts) so far this month | 34,565 notices 3,4565,000 oz 107.5117 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: two entries
i) Into Asahi dealer 128,345.323 oz (3992 kilobars)
ii) Into dealer Brinks 13,599.873 oz (423 kilobars)
total deposit dealer 141,945.206 oz
4.415 tonnes
xxxxxxxxxxxxxxxxxxxxx
DEPOSITS/CUSTOMER
2 ENTRIES
i) Into Brinks 46,803.177 oz
ii) Into Delaware: 64.302 ooz (2 kilobars)
total deposit: 46,867.479
1.4577 tonnes
total weight dealer and customer acct
5.87 tonnes
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
customer withdrawal
1 entries
Brinks: 2906.26 oz
total withdrawal 2906.26 oz
adjustments: 0
AMOUNT OF GOLD STANDING FOR AUGUST
THE FRONT MONTH OF AUGUST STANDS AT 727 CONTRACTS FOR A LOSS OF 358 CONTRACTS
WE HAD 300 CONTRACTS SERVED ON WEDNESDAY SO WE LOST A SMALL SIZED 58 CONTRACTS OR 5800 OZ OF GOLD (0.1804 TONNES) EXERCISED AN EFP TRANSFER TO LONDON AS THEY WERE WILLING TO STAND FOR PHYSICAL METAL OVER ON THE THAT SIDE OF THE POND.. THESE GUYS FELT THAT THEY COULD NOT WAIT FOR METAL OVER HERE SO THEY DECIDED IT WAS BEST TO TAKE DELIVERY OVER THERE.
SEPT LOST 250 CONTRACTS TO 2751. SEPTEMBER BECOMES THE FRONT MONTH STANDING FOR GOLD AND WILL PROBABLY HAVE AROUND 7 TONNES OF GOLD STANDING FOR DELIVERY.
OCTOBER GAINED 264 CONTRACTS UP TO 56,209
We had 727 contracts filed for today representing 72,700 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 727 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer an473 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 (34,565 X 100 oz ) to which we add the difference between the open interest for the front month of AUGUST ( 727 CONTRACTS) minus the number of notices served upon today (721 x 100 oz per contract) equals 3,456,500 OZ OR 107.5117 TONNES TO WHICH WE ADD OUR 7 ISSUANCES OF 44.696 TONNES OF EXCHANGE FOR RISK/AUG 7 , 11 12TH 25TH 26TH , AUG 27, AUGUST 28// = 152.208 TONNES.
thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (34,565 x 100 oz +we add the difference for front month of AUGUST (727 OI} minus the number of notices served upon today (721 x 100 oz) which equals 3,456,500 OZ OR 107.5117 TONNES + 44.696 TONNES EX FOR RISK = 152.208 TONNES
TOTAL COMEX GOLD STANDING FOR AUGUST.: 152.208 TONNES WHICH IS A MONSTER FOR THIS NORMALLY ACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR. AND THIS RUNS COUNTER INTUATIVE TO OUR CONSTANT ATTEMPTED RAIDING THIS WEEK
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 2,057,912.057 oz 64.01 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 38,764,636,488 oz
TOTAL REGISTERED GOLD 21,440,538.976 or 666.89 tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,324,097.512 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 19,382,626 oz ((REG GOLD- PLEDGED GOLD)= 602.88 tonnes // (
total inventories in gold declining rapidly
SILVER/COMEX
SILVER/COMEX
THE AUGUST 2025 SILVER CONTRACTS
AUGUST 28 2025
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 entry: i) Out of Delaware 2144.100 oz total withdrawal 2144.100 oz |
| Deposits to the Dealer Inventory | 1 ENTRY 1 deposit into dealer account i) Into the dealer Asahi; 2,285,579.500 oz total deposit 2,285,579.500 oz |
| Deposits to the Customer Inventory | 1 DEPOSIT ENTRY/CUSTOMER ACCOUNT 1 DEPOSIT ENTRY/CUSTOMER ACCOUNT Into Manfra: 514,846.010 oz total deposit 514,846.010 oz |
| No of oz served today (contracts) | 0 CONTRACT(S) (0 million OZ |
| No of oz to be served (notices) | 0 contracts (0.000 MILLION oz) |
| Total monthly oz silver served (contracts) | 2113 Contracts (10.565 million oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
1 deposit into dealer accounts
i) Into the dealer Asahi; 2,285,579.500 oz
total deposit 2,285,579.500 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1 DEPOSIT ENTRY/CUSTOMER ACCOUNT
) Into Manfra: 514,846.010 oz
total deposit 514,846.010 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
1 entry:
1 entry:
i) Out of Delaware 2144.100 oz
total withdrawal 2144.100 oz
ADJUSTMENTs 6
a) straight adding to dealer Asahi??? 2,891,365.500 oz (no explanation)
and now all dealer to customer
b) Brinks 647,840.906 oz
c) Delaware 104,824.075 oz
d) Hsbc 4946.610 oz
e) Loomis 802,840.820 oz
f) Manfra 45,786.300 oz
TOTAL REGISTERED SILVER: 197.034 MILLION OZ//.TOTAL REG + ELIGIBLE. 517.194 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST
silver open interest data:
FRONT MONTH OF AUGUST /2025 OI: 1 OPEN INTEREST CONTRACTS FOR A LOSS OF 77 CONTRACTS. WE HAD 78 CONTRACTS SERVED ON WEDNESDAY SO WE GAINED 1 CONTRACT OR AN ADDITIONAL 5,000 OZ WILL STAND AT THE COMEX HAVING UNDERGONE A TINY QUEUE JUMP AS THESE GUYS ARE STANDING FOR DELIVERY OVER ON THIS SIDE OF THE POND.
SEPTEMBER LOST 11,355 CONTRACTS DOWN TO 13,231 CONTRACTS. SEPT BECOMES THE FRONT MONTH FOR DELIVERY IN SILVER AND WE HAVE 1 MORE READING DAYS BEFORE FIRST DAY NOTICE!
EXPECT AROUND 40 + MILLION OZ THAT WILL STAND FOR SEPT DELIVERY.
OCTOBER GAINED 58 CONTRACTS TO 1865
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 0 or 0.0 MILLION oz
CONFIRMED volume; ON WEDNESDAY 94,295 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 (1) AND the number of notices served upon today (0 )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(1) minus number of notices served upon today (0)x 5000 oz equals silver standing for the AUGUST contract month equating to 10.960 MILLION OZ .
New total standing: 10.960 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 197.039 million oz of registered silver
JPMorgan as a percentage of total silver: 210.283/517.194 million. 40.61%
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 28 WITH GOLD UP $18.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 2.58 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 962.50 TONNES
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: 962.50 TONNES, TONIGHTS TOTAL
SILVER
AUGUST 28 WITH SILVER UP $0.48/ NO CHANGES AT THE SLV:// ////INVENTORY RESTS AT 491.092 MILLION OZ./
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.//
CLOSING INVENTORY 491.092 MILLION OZ//
PHYSICAL GOLD/SILVE
1/ PETER SCHIFF/S
PETER SCHIFF
JOHN RUBINO
2. MATHEW PIEPENBERG/VON GREYERZ
ALASDAIR MACLEOD
3. CHRIS POWELL AND GATA GOLD DISPATCHES/OTHER GOLD RELATED TOPICS
Ambrose Evans-Pritchard: Trump can bully the Fed but he can’t bully the bond markets
Submitted by admin on Wed, 2025-08-27 15:07 Section: Daily Dispatches
By Ambrose Evans-Pritchard
The Telegraph, London
via Yahoo News, Sunnyvale, California
The U.S. Federal Reserve must henceforth be considered the personal political agency of Donald Trump. America’s monetary credibility has been utterly trashed.
The world’s superpower central bank will set interest rates at his whim, much like the Turkish central bank under the Erdogan regime.
Markets must now assume that Trump will compel the Fed to soak up America’s exorbitant debt issuance and hold down long-term interests by a form of de-facto yield curve control.
They must also assume that Trump will force the Fed to press the pedal to the floor and slash interest rates far below the natural Wicksellian rate until the midterm elections are safely out of the way next year. …
… For the remainder of the commentary:
END
Stefan Gleason: Gold and the myth of ‘Fed independence’
Submitted by admin on Wed, 2025-08-27 10:36 Section: Daily Dispatches
By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Wednesday, August 27, 2025
The establishment financial media is in a tizzy this week over President Trump’s firing of Fed Governor Lisa Cook, a Biden appointee accused of mortgage fraud. They complain that this firing is an assault on the Fed’s independence.
In reality, though, the notion of “Fed independence” is a myth.
Most recently the Fed played politics last year by slashing rates to stimulate the economy heading into a tough presidential election for the incumbent Democrats.
And the Fed suddenly got stingy as soon as Trump got elected — halting rate cuts for almost a year so far.
But here’s the big picture.
The Federal Reserve is an inherently political institution — not only because the seven members of its Board of Governors are appointed by the president with Senate confirmation, but also because America’s entire monetary system is political in nature.
We no longer have sound money backed by gold but political money, where policymakers centrally plan the economy via market interventions — including changes to monetary policy.
By design the Fed engages in price-fixing activity by setting the price of money (i.e., interest rates) — and it bails out the federal government by funding its debt when market participants will not.
Since the Federal Reserve was launched in 1913, the value of the currency has plunged 99%. …
… For the remainder of the commentary:
END
Why Trump’s challenge to Fed’s independence may make gold the ‘safe haven of choice’
Submitted by admin on Wed, 2025-08-27 09:37 Section: Daily Dispatches
By Myra P. Saefong
MarketWatch, New York
Tuesday, August 26, 2025
President Donald Trump made a move to fire a member of the Federal Reserve’s Board of Governors, potentially undermining confidence in the U.S. dollar and Treasury bonds — and boosting the appeal of gold and other assets perceived as safe havens.
“The Fed’s independence is its calling card, and the move to fire a governor is a direct assault on the Fed’s ability to manage monetary policy free of political motives,” said James St. Aubin, chief investment officer of Ocean Park Asset Management.
“When you start to erode faith in monetary policy for the world’s reserve currency, you are playing with fire,” he told MarketWatch. “If the market believes the Fed is making policy in reaction to direct political influence, U.S. assets will become less attractive.” …
Stefan Gleason, president and chief executive at Money Metals, told MarketWatch that the notion of Fed independence is a “myth.”
The Fed is “an inherently political institution, not only because the Board of Governors is appointed by the president with Senate confirmation, but our entire monetary system is now political in nature,” he said. “We no longer have sound money backed by gold, but political money, where policymakers centrally plan the economy via changes to monetary policy.”
That won’t stop some investors, however, from clamoring for alternatives if trust in the Fed is broken, risks to the U.S. dollar and bonds rise, and inflation climbs.
Traditionally, higher inflation has been hedged by real assets — commodities, including gold, oil, and industrial metals, said BNY’s Robert Savage.
Gold just might top that list. “Gold would be the safe haven of choice” for investors if the Fed were ever to lose its independence, said Chris Gannatti, global head of research at WisdomTree, which sees any threat to Fed independence as a “powerful catalyst for gold demand.” …
… For the remainder of the report:
END
Vietnam opens up gold market in ‘pivotal shift’ as government monopoly ends
Submitted by admin on Wed, 2025-08-27 08:54 Section: Daily Dispatches
By Nguyen Xuan Quynh
Bloomberg News
Wednesday, August 27, 2025
Vietnam is opening up its gold market, ending a state monopoly on imports and exports of raw bullion as well as producing bars, in a move that may boost supply and narrow a gap between local and global prices.
“This marks a pivotal shift,” Pham Luu Hung, chief economist at SSI Securities Corp., said in a note. It’s a move from a state-controlled model to a regulated, competitive market aimed at enhancing transparency and efficiency, Hung said.
Under a decree, companies and commercial banks that have central-bank approval can produce gold bars, according to a government statement.
The State Bank of Vietnam will also issue licenses for the import of raw gold, as well overseas trade in bars, according to a separate statement. Previously, the state had sole control of making bars and overseas trade in raw gold. …
… For the remainder of the report:
END
Peru’s gold exports to China through June overtake all 2024
Submitted by admin on Tue, 2025-08-26 10:18 Section: Daily Dispatches
From Reuters
via Yahoo News, Sunnyvale, California
Wednesday, August 20, 2025
LIMA, Peru — Peru’s gold exports to China surged in the first half of 2025 to surpass shipments from all of last year, according to government data released in August.
Global appetite for gold is rising amid trade tensions between the U.S. and China. Prices for the metal, a safe haven asset whose value typically rises in times of turmoil, hit record levels last year.
Peru’s gold exports to China reached $947 million in the first half of 2025, up nearly four times from the same period last year. That figure has been steadily rising. Peru exported $885 million in gold to China in 2024, a 410% increase from the $173 million in exports registered in 2023. …
… For the remainder of the report:
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS 237
5. COMMODITY REPORT GOLD
Gold – Specs Sold, CTAs Forced to Chase
Thursday, Aug 28, 2025 – 17:38
Finally?
Gold flirting with a break out above the huge triangle like formation. Complex psychology has developed inside this consolidation…
Source: LSEG Workspace
Frustration
Gold net non commercials front ran a move lower, but gold has moved higher. Plenty of room to increase the long…
Source: LSEG Workspace
Computers – buyers of gold
“CTAs have been signaled to add back to their longs after the post-Jackson Hole rally continued through the final buy level. We now estimate that the funds will need to buy $10bn unlevered notional in GC futures over the next 5 days”. (Citi)
Source: MentorQ
Waiting for volatility
Gold likes volatility, and despite the implosion in VIX, gold has managed to hold. Imagine volatility picks up again?
Source: LSEG Workspace
About to TIP gold higher?
TIP at huge levels, pushing range highs. We have not seen gold this calm and TIP move higher in a while…
Source: LSEG Workspace
Little brother
While on the precious metals theme. Silver net non commercials cashed out and missed the last push higher since July. Imagine having to explain to the boss not running much bigger longs should silver aim for recent highs again….
Source: LSEG Workspace
ASIAN MARKETS THIS THURSDAY MORNING:
SHANGHAI CLOSED UP 43.25 PTS OR 1.14%
//Hang Seng CLOSED DOWN 202.44 PTS OR 0.81%
// Nikkei CLOSED UP 308.52 PTS OR 0.73% //Australia’s all ordinaries CLOSED UP 0.11%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1378 OFFSHORE CLOSED UP AT 7.1366/ Oil UP TO 63.64 dollars per barrel for WTI and BRENT UP TO 67.64 Stocks in Europe OPENED MOSTLY GREEN
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1378 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1366 AGAINST US DOLLAR/ AND THUS STRONGER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS THURSDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP TO 7.1378
OFFSHORE YUAN: UP TO 7.1366
HANG SENG CLOSED DOWN 202.94 PTS OR 0.81%
2. Nikkei closed UP 308.52 PTS OR 0.73%
3. Europe stocks SO FAR: MOSTLY ALL GREEN
USA dollar INDEX DOWN TO 98.10 EURO FALLS TO 1.1637 DOWN 9 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1.613//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.32…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and UP FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.6943Italian 10 Yr bond yield UP to 3.585 SPAIN 10 YR BOND YIELD UP TO 3.302
3i Greek 10 year bond yield UP TO 3.415
3j Gold at $3400.00 Silver at: 38.87 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND12 /100 roubles/dollar; ROUBLE AT 80.36
3m oil (WTI) into the 63 dollar handle for WTI and 67 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 147.32/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.613% 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 0.8016 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9329 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: 4.217 DOWN 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.854 DOWN 2 BASIS PTS/
USA 2 YR BOND YIELD: 3.623 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 41.06
10 YR UK BOND YIELD: 4.7170 DOWN 1 PTS
10 YR CANADA BOND YIELD: 3.452 DOWN 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.956 DOWN 1 PTS
2a New York OPENING REPORT
Futures Drift Near Record High As Nvidia Fails To Restart Rally
Thursday, Aug 28, 2025 – 08:32 AM
US equity futures are flat as the much-anticipated print from NVDA failed to produce any real fireworks one way or the other, at least relative to sky-high expectations. Most seemed to walk away from the print thinking it was “good enough” to sustain the AI trade broadly. As of 8:00am, S&P 500 contracts were little changed, signaling the US benchmark will hold near Wednesday’s record high. European stocks fell 0.3%. Nvidia dropped 1.8% in premarket trading, joining Tesla Inc. as the only decliners among Magnificent Seven stocks. The yield on 10-year Treasuries was unchanged at 4.23% as pressure on long-dated debt eased. Longer term bonds in Europe traded mixed, with French notes staging a rebound. The dollar fell 0.3% for a third day of losses while gold and bitcoin gained. Macro focus will now shift to jobless claims 8:30am today & core PCE tomorrow.
In premaket trading, Mag7 stocks are mixed: Nvidia (NVDA) falls 1.8% after the AI-focused chipmaker gave a revenue forecast that was seen as underwhelmin (Apple +0.2%, Microsoft +0.2%, Amazon -0.1%, Meta +0.05%, Alphabet +0.02%, Tesla -0.6%).
- Cooper (COO) falls 14% after the lens maker reduced its revenue outlook, with analysts noting repeated cuts in guidance.
- CrowdStrike (CRWD) is down 3.4% after the software company gave an outlook for third-quarter revenue that was weaker than expected.
- Dollar General Corp. (DG) rises 6% after reporting stronger-than-expected sales and raised its forecast, adding to signals that US shoppers are still willing to spend on items they see as good value.
- Five Below Inc. (FIVE) climbs 5% after raising its profit outlook, saying that it has passed on higher costs from tariffs to its customers who continue to embrace the retail chain’s budget-friendly, pop-culture focused products.
- International Paper Co. (IP) rises 2% after BofA Global Research raised the recommendation on the packaging company to buy, expecting strong increases in containerboard prices in 2026.
- Li Auto ADRs (LI) drops 4% after the Chinese EV maker forecast revenue for the third quarter that missed the average analyst estimate.
- Nutanix (NTNX) falls 7% after the cloud software company gave an outlook that is seen as underwhelming.
- Phibro Animal Health Corp. (PAHC) rises 15% after forecasting year net sales that beat the average analyst estimate.
- Pure Storage (PSTG) gains 14% after the cloud-storage provider topped estimates for fiscal second-quarter results and raised its 2026 full-year forecast.
- Snowflake (SNOW) is up 14% after the software company reported second-quarter results that beat expectations and raised its full-year forecast for both product revenue and adjusted operating margin.
- Urban Outfitters (URBN) is down 5% after the apparel retailer reported second-quarter results. While net sales came in slightly above consensus, shares have soared 42% this year heading into the print and reached an all-time high earlier this month.
- Veeva Systems (VEEV) falls 3.6% after the software company reported its second-quarter results and gave an outlook.
Overnight, markets digested NVDA earnings released post the close yesterday that reflected a narrower beat & guide above than the market has grown accustomed to (with China business continuing to decline), offset by a fresh $60bn share repurchase authorization + positive commentary on next-gen Rubin platform (on track to launch in mid-26). Mexico plans to raise tariffs on China after pressure from the US (BBG), while India’s PM heads overseas to meet the leaders of China, Japan and Russia (RTRS). Looking ahead today, we have GDP (2nd release), claims and pending home sales. Fed voter Waller is scheduled to speak.
Investors followed Nvidia’s earnings for insight into the artificial intelligence boom that has driven equity gains in 2025. Although its revenue forecast pointed to a slowdown after two years of surging AI investment, management pushed back against the idea that demand is waning.
“The growth is changing, but you can’t have two years in a row with growth improving” more than 100%, Claudia Panseri, chief investment officer for France at UBS Wealth Management, told Bloomberg TV. “Yesterday’s results are good enough to keep the trend going.”
With Nvidia’s results having wrapped up the earnings season, traders will again shift their focus to next month’s Federal Reserve rate decision. They’re also watching US President Donald Trump’s unfolding battle with the Fed and any efforts to reshape the policy committee.
Initial jobless claims data, along with revised second-quarter gross domestic product figures, are due later Thursday. The GDP report is forecast to show personal consumption picked up to a moderate pace after a sluggish start to 2025. Friday’s core PCE index — the Fed’s preferred inflation gauge — is expected to edge higher, highlighting policymakers’ challenge of taming prices without further straining a softening labor market.
Swaps are currently pricing around an 85% likelihood of a September quarter-point cut, little changed from Wednesday, with at least three more by June next year.
“The market has been complacent in the number of Fed cuts it is pricing,” said Karen Georges, an equity fund manager at Ecofi. “If the job market shows more resilience than expected, investors might have to revise their rate cut expectations down.”
In Europe, the CAC 40 rises 0.5%, outperforming regional peers as France’s benchmark bond-yield premium over Germany narrows back below 80 basis points. The Stoxx 600 is little changed, with gains in autos and consumer stocks offset by weakness in real estate and utilities. Here are the biggest movers Thursday:
- European automotive stocks rallied as much as 2%, making it one of the best-performing sectors of the Stoxx 600 after data showed a jump in new car registrations
- BioArctic shares rise as much as 10% to the highest level since September 2023 after the Swedish biotech company reported results for the second quarter, which included an improved cash position
- Pernod Ricard climbs as much as 8.5%, to the highest since mid March, as the spirits maker delivers full-year EPS above expectations
- Cancom jumps while Dermapharm and Friedrich Vorwerk come under pressure as Jefferies makes six changes in its coverage of European mid-caps, factoring in events such as the expected German stimulus and a potential ceasefire in Ukraine
- Intellego Technologies gains as much as 23%, the most since its 2021 IPO, after the Swedish UV monitoring technology firm reported earnings, which showed a large step up in net turnover, cash flows and earnings per share
- Drax shares fall as much as 12%, the steepest decline since March 2023, after the UK power producer said it’s facing a probe by the Financial Conduct Authority
- Softcat rises as much as 3.8% after a stronger-than-expected full-year trading update from the British IT services company. Analysts did express caution about earnings estimates for 2026
- SoftwareOne shares fall as much as 9.1%, the most since April, after the IT services provider reported first-half results. Citi analysts expect 2025 and 2026 adjusted Ebitda expectations to move lower
- Redcare Pharmacy slides as much as 11%, hitting their lowest level in over two years, after analysts at Jefferies lowered their price target on the stock as they cut margin estimates due to a slower-than expected ramp-up in prescription medicines
- Fielmann shares fall as much as 9.2%, the most since November 2024, after the German eye-wear firm reported sales for the second quarter that missed the average analyst estimate. Shares are still up about 26% YTD
Earlier, Asian equity markets traded mixed on Thursday as a rally in mainland Chinese stocks was offset by losses in India after US President Donald Trump imposed a 50% tariff on the nation’s goods. The MSCI Asia Pacific Index was little changed. While a tepid revenue forecast from Nvidia weighed on regional technology stocks, overall losses were contained as Chinese chip shares climbed following a report that firms aim to triple the output of AI processors next year. That also helped the CSI 300 Index rebound after a sudden late-afternoon selloff on Wednesday. Gains in Chinese equities came as Hong Kong-listed shares of the nation’s top e-commerce firms like Meituan and Alibaba slumped. That’s after Meituan warned of major losses this quarter from on ongoing price war in the sector. As China’s onshore rally extends, there are also signs emerging that a rotation from Hong Kong to mainland stocks may be underway. Local Chinese investors sold a record HK$20.4 billion ($2.6 billion) worth of Hong Kong-listed shares on Thursday. Up more than 9% in August, the CSI 300 is heading for its best performance since last September. That is owing to a liquidity-driven rally spurred by cash-rich investors shifting into stocks amid a lack of alternatives, as well as optimism over the pace of AI development in the nation.
In rates,treasuries are twist flattening overnight compared to yesterday’s 3pm closing levels even as the 10Y is largely unchanged while 30-year yields are down 2 bps to 4.90%. In Japan, a two-year government bond auction Thursday met demand that was weaker than the 12-month average, as investors remain wary of the risk that the Bank of Japan will raise interest rates this year. European rates underperformed US rates as EUR markets face a slate of heavy corporate supply. Looking ahead to this morning, data picks up with jobless claims, Q2 GDP revisions, July pending home sales, and KC Fed manufacturing. We will also hear from Fed Governor Waller this evening.
In Fx, the Bloomberg Dollar Spot Index falls 0.2% underperforming all of its G10 peers this morning. The Swedish krona is the best performing G-10 currency, rising 0.3% against the greenback. The Aussie dollar also outperforms. The FX market remains sideways, with price action often attributed to “month-end flows.” USDJPY is trading -40bps weaker as NY sits down. The pair experienced a brief move higher overnight Minister Akazawa abruptly canceled his U.S. trip where he was expected to push for an executive order to cut tariffs on autos and auto parts, but retraced the move as exporter selling pushed USDJPY lower. EUR is gaining +30 bps after our Traders (Molyneux) note that there was a decent amount of stopping through the 1.1600 and 1.1585 levels yesterday. USDCNH (-40bps) is in focus this morning after breaking below the YTD low of 7.14. The pair continues to grind lower post the break with the move likely onshore driven alongside southbound outflows.
In commodities, WTI crude futures fall 0.7% to near $63.70 a barrel. Spot gold edges up to around $3,400/oz. Bitcoin rises 0.5%.
Looking at today’s economic data slate we get 2Q GDP revision and weekly jobless claims (8:30am), July pending home sales (10am) and August Kansas City Fed manufacturing activity (11am). Fed speaker slate includes Waller on monetary policy (6pm)
Market Summary
- S&P 500 mini little changed
- Nasdaq 100 mini little changed
- Russell 2000 mini +0.7%
- Stoxx Europe 600 little changed
- DAX +0.2%, CAC 40 +0.6%
- 10-year Treasury yield little changed at 4.23%
- VIX -0.4 points at 14.42
- Bloomberg Dollar Index -0.2% at 1202.83
- euro little changed at $1.1647
- WTI crude -0.6% at $63.75/barrel
Top Overnight News
- CDC Director Susan Monarez was fired just weeks into her tenure after clashing with Robert F. Kennedy Jr. on vaccines, a person familiar said. At least three other senior CDC leaders told coworkers they were resigning. BBG
- White House Trade Advisor Navarro said it appears to be a slam dunk case against Fed’s Cook, while he added this is due process and that Cook weaponised the Fed.
- Russia hit Kyiv with a fierce air attack overnight, the biggest strike since the Putin-Trump summit in Alaska. Also, Putin and Kim Jong Un will attend a military parade in China in a show of collective defiance amid Western pressure. RTRS
- Xi Jinping wrote a letter to India’s president in March when Trump was ratcheting up his trade war with China, according to an Indian official, to test the waters on improving ties. BBG
- China’s commercial banks are tightening oversight of clients using credit cards to fund stock investments as small-time investors pour in to catch the nation’s $1 trillion market rally. Lenders including China Minsheng Banking Corp. and Huaxia Bank Co. warned over the past month that credit card funds and cash advances can’t be used for investments among other prohibited areas. BBG
- South Korea’s central bank its policy rate unchanged at 2.5%, as expected, although signaled that cuts could be forthcoming soon. BBG
- Indian Prime Minister Narendra Modi heads overseas on Thursday to meet the leaders of China, Japan and Russia, seeking to build closer diplomatic ties as New Delhi battles fallout from U.S. President Donald Trump’s escalating tariff offensive. BBG
- The Mexican government plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from cheap imports and satisfying a longstanding demand of US President Donald Trump. BBG
- Google will invest an additional $9 billion in Virginia through 2026 to boost cloud and AI infrastructure. BBG
Trade/Tariffs
- Chinese Commerce Ministry confirms trade negotiator Li Chenggang will travel to Washington for meetings with US officials.
- French President Macron reportedly told his ministers that the EU should consider retaliatory measures against the US digital sector, according to Politico.
- White House trade advisor Navarro said India can get 25% off tariffs if it stops buying Russian oil.
- India’s government decided to extend the import duty exemption on cotton from September 30th to December 31st this year.
- Japanese government source said Japan’s top trade negotiator Akazawa cancelled his US trip and eyes a visit as early as next week.
- Mexico’s government plans to increase tariffs on China as part of its 2026 budget proposal next month with tariff hikes expected on imports from China, including cars, textiles and plastics, according to Bloomberg.
- China’s top trade negotiator Li Chenggang co-chaired the Joint Economic and Trade Committee in Ottawa, while MOFCOM noted that China and Canada had frank and pragmatic and constructive exchanges on improving and developing bilateral economic and trade relations. MOFCOM also stated that both sides agreed to follow-up communication and that China is ready to manage differences through constructive methods and pragmatic actions.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were predominantly higher but with mixed trade seen throughout the session as risk appetite was clouded post-NVIDIA earnings despite the AI darling beating on top of bottom lines, with investors wary as guidance was not as strong as some had hoped and questions remained regarding China chip sales. ASX 200 lacked conviction amid another deluge of earnings and with sentiment not helped by disappointing capex data. Nikkei 225 edged higher but with price action indecisive after Japan’s top trade negotiator postponed a planned US trip. Hang Seng and Shanghai Comp traded mixed with underperformance seen in Hong Kong following recent earnings including Meituan which reported a substantial drop in profits, while participants look ahead to results from China’s largest lenders.
Top Asian News
- Japan’s MOF sounds out dealers of reducing super-long JGBs, according to Nikkei.
- China issued plans to stabilise growth in the steel sector between 2025 and 2026, while it aims to speed up production commencement, capacity and output expansion for key domestic iron ore projects. Furthermore, China will enhance management of steel exports and will promote the reduction of steel output.
- BoK maintained the Base Rate at 2.50%, as expected, with the decision not unanimous as board member Shin Sung-hwan dissented and saw a need to cut rates to aid growth. BoK said domestic demand is expected to sustain a modest recovery and it will maintain a rate cut stance to mitigate downside risks to economic growth, while it will adjust the timing and pace of any further base rate cuts. BoK Governor Rhee stated that a majority of the seven-member board assessed there is a need to work in tandem with government policies to stabilise local property prices, as well as noted that five board members said the door for an imminent rate cut should be open and one board member said the current policy rate should be maintained for the next three months. Furthermore, Rhee said the easing stance will stay through at least the first half of next year and it is difficult to comment on the terminal policy rate, but added that faster policy rate easing risks overstimulating the local property market at this stage.
- BoJ’s Nakagawa says will make policy decisions based on hard data, including Tankan survey; risks of being behind the curve not high right now.
- Mainland investors sell a record USD 2.6bln of Hong Kong stocks on Thursday, via Bloomberg.
European bourses opened firmer, initially edging higher throughout the morning but have since reversed, which coincided with the US pre-market open. European sectors began the session almost entirely in positive territory, though have since moved to show a mixed picture as stocks wane a little. Consumer products and services at the top of the pile, helped by Luxury strength. LVMH (+3.5%), Hermes (+1.7%), Swatch (+2.3%).
Top European News
- UK Treasury is said to be considering a tax hike on landlords by imposing national insurance on rental income ahead of Chancellor Reeves’ autumn budget, according to The Times.
- ECB’s Rehn says EZ growth more resilient than expected, inflation is slowing to below 2% target; consider rapid and significant weakening of USD dominance as unlikely EZ inflation being at 2% target is linked to ECB’s independent decision making. US President Trump pressure on Fed could have global effects on markets and real economy. ECB will keep close eye on economy and stand ready to act if needed.
- French Finance Minister Lombard says the public deficit will be on target in 2025, 2026 budget almost ready, text that gets voted will be the “fruit of compromise” Do not see possibility of French financial crisis. Tap the markets regularly, no problem financing economy. Budget we are preparing does not have a surtax on big companies. Everything is up for discussion on the 2026 budget as we reduce the deficit and protect companies.
FX
- DXY remains confined to a tight range after trading little changed overnight and following the previous day’s ultimately flat performance as data and market-moving events for the buck were sparse. Focus today on US data, which includes GDP/PCE (Q2) and Jobless Claims. DXY currently resides in a narrow 98.05-98.21 parameter.
- EUR/USD is moving in tandem with the buck after yesterday’s intraday recovery and rebound from a brief dip beneath the 1.1600 handle. There has been little in terms of fresh updates from the French political debacle. French Finance Minister Lombard said the public deficit will be on target in 2025, 2026 budget is almost ready, the text that gets voted will be the “fruit of compromise”. EUR/USD resides in a current 1.1631-1.1654 range at the time of writing
- USD/JPY oscillates within a narrow band and struggles for a clear direction after recent fluctuations and amid the indecisive risk appetite in Japan. Comments from BoJ’s Nakagawa garnered very little reaction as she reiterated the BoJ will continue to raise the interest rate if the outlook for economic activity and prices is realised. USD/JPY bounced off levels near its 50 DMA (146.98) this morning, notching a current range between 147.01-147.49.
- GBP/USD at the whim of the dollar, having briefly reclaimed 1.3500 status in the overnight session but with upside capped amid quiet newsflow. Aside from that, data and speakers remain on the quieter side for GBP, with Cable currently on either side of its 50 DMA (1.3493) in a 1.3484-1.3518.
- Antipodeans hold a mild upward bias against the dollar in quiet newsflow. Strength was seen overnight after the PBoC continued to strengthen the yuan reference rate.
- PBoC set USD/CNY mid-point at 7.1063 vs exp. 7.1479 (Prev. 7.1108)
- PBoC extended bilateral currency swap agreement with the RBNZ for five years.
Fixed Income
- USTs are firmer by a handful of ticks, with a slight bid caught soon after the European equity cash open, but seemingly without a fresh driver. Currently trading towards the upper end of a 112-12 to 112-17+ range. Peak for the day marks the weekly high, now currently trading at levels not seen since 1st May 2025 (112-23 was the best from that day). On the data front, markets will have US GDP 2nd Estimate (Q2), PCE (Q2) and Jobless Claims to digest. As for supply, a 7yr auction is on the docket, which follows on from a strong 2yr on Tuesday but a mixed 5yr outing on Wednesday.
- Bunds are slightly lower in what has been a very choppy trade so far. Caught a bid soon after the European cash open, which saw Bunds make a fresh WTD high at 129.90; next level to the upside includes the round 130.00 mark and then 130.06 (Aug 14th high).
- On Wednesday, German-French spreads widened to as high as 81.89 – approaching the high of this year at 84.5bps. Today, yields are tightening a touch back down below 80.00. Most recently, the French Finance Minister said the public deficit will be on target in 2025 and 2026, and the budget is almost ready. Adding that the budget we are preparing does not have a surtax on big companies.
- Gilts marginally outperform today, gapped higher at the open, by around 20 ticks before paring some of that move. Markets have an interesting report via The Times to digest; the UK Treasury is said to be considering a tax hike on landlords by imposing national insurance on rental income ahead of Chancellor Reeves’ autumn budget. This report has helped to lift Gilts, but also as UK paper plays catch-up to some of the strength seen in the prior session in USTs after Gilts shut. Gilts trade in a 90.68 to 90.83 range.
- Italy sells EUR 6bln vs exp. EUR 5.25-6.0bln 2.70% 2030, 3.65% 2035, 3.60% 2035 BTP & EUR 1.25bln vs exp. EUR 1.5-2.0bln 2034 CCTeu.
Commodities
- Softer trade across crude contracts, although some upside was seen shortly after reports that the EU mission HQ in Kyiv was struck by Russian missiles, although delegate staff are safe according to the European Commission, which prompted an unwind of those earlier modest gains. Some upticks were seen recently alongside reports from IRNA that “It seems that Europe will activate the “snapback” mechanism against Iran this week”. WTI currently resides in a 63.48-64.00/bbl range while Brent sits in a USD 67.40-67.48/bbl range.
- Spot gold edges higher in quiet trade to test USD 3,400/oz to the upside with the yellow metal in a USD 3,384.62-3,401.11/oz range at the time of writing. Upward tilt in prices also comes amid narrowing prospects of a Russia-Ukraine peace deal, with both sides still carrying out heavy strikes.
- Flat/mostly firmer trade across base metals with no real conviction amid a tentative Dollar and a similarly non-committal risk tone. 3M LME copper trades in a USD 9,775.75-9,833.00/t range.
- Hungary’s MOL says crude supplies have arrived in Hungary and Slovakia after the Druzhba pipeline restarted; Slovak Economy Minister says supplies have resumed to the nation.
Geopolitics
- Israel says its forces are operating in “all combat zones”, after Syrian state media reports a raid by Israeli ground troops on a site it had already bombed outside Damascus, according to AFP.
- Russian drones reportedly flying over US weapons routes in Germany, according to officials cited by NYT.
- “European Union announces that its mission headquarters in Kyiv was damaged by the Russian attack”, according to Al Arabiya.
- European Commission President von der Leyen says “Delegation staff are safe”, in reference to Russian attack which damaged EU mission HQ in Kyiv.
- Ukrainian President Zelensky says Russian attack on Kyiv killed at least eight, including a child, adds the attack demonstrates Russian answer to diplomacy and he called for stronger sanctions against Russia.
- Fire at unit of Afipsky oil refinery in Russia’s Krasnodar region extinguished, according to local authorities; Fire broke out following Ukrainian drone strike.
- Ukrainian Energy Ministry says Russia’s combined attack damaged energy facilities in several regions.
- EU Diplomat told Politico “Thursday’s EU meetings aim to increase the pressure on Russia”.
- Ukrainian Air Force says Russia attacked Ukrainian with 598 drones and 31 missiles overnight.
US Event Calendar
- 8:30 am: 2Q S GDP Annualized QoQ, est. 3.1%, prior 3%
- 8:30 am: 2Q S Personal Consumption, est. 1.6%, prior 1.4%
- 8:30 am: 2Q S GDP Price Index, est. 2%, prior 2%
- 8:30 am: 2Q S Core PCE Price Index QoQ, est. 2.55%, prior 2.5%
- 8:30 am: Aug 23 Initial Jobless Claims, est. 230k, prior 235k
- 8:30 am: Aug 16 Continuing Claims, est. 1965.5k, prior 1972k
- 10:00 am: Jul Pending Home Sales MoM, est. -0.24%, prior -0.8%
DB’s Jim Reid concludes the overnight wrap
Risk assets put in another decent performance yesterday, with the S&P 500 (+0.24%) closing at a new record. But even as US equities reached new heights, there were still plenty of doubts swirling in the background that took some of the shine off that. First were the ongoing questions about the Fed’s independence, which led investors to price in faster inflation and drove a fresh round of yield curve steepening. Second, French bonds remained under pressure given the fiscal trajectory there, with the Franco-German 10yr spread up to a 7-month high of 82bps. And after the US close, Nvidia’s share price fell in after-hours trading, as their results added to the sense that the explosive growth seen during the AI boom of 2023-24 was decelerating. So US equity futures have also fallen a bit this morning, with those on the S&P 500 down -0.12%.
In terms of those Nvidia results last night, the company delivered a modest quarterly revenue beat ($46.7bn vs $46.2bn est.) with guidance for the current quarter coming largely in line with expectations ($54bn vs $53.5bn est.). This still represented a sales increase of over 50% compared to a year earlier, but is a clear deceleration from the growth numbers of recent years, when year-on-year sales growth had peaked above 200%. Additionally, revenue at the chipmaker’s main data centre division was actually a touch below estimates ($41.1bn vs $41.3 est.), whilst sales to China remain a major source of uncertainty. The chipmaker said it didn’t record any sales of its H20 chips to China in Q2 but claimed it could ship $2bn to $5bn of the chips this quarter if it can overcome geopolitical issues. Bear in mind that earlier this month, the US announced that it would resume export licenses for H20 chips to China, which were paused earlier in the year, in return for 15% of the revenue. However, the company said this plan had not yet been codified.
The results left Nvidia’s shares down by just over -3% in after-hours trading, having been down -0.09% in yesterday’s session. So that’s dragged on broader market sentiment overnight, and futures on the NASDAQ 100 (-0.29%) have posted a larger fall than the S&P 500 (-0.12%). Meanwhile in Asia this morning, Meituan’s shares are down -10.32% in Hong Kong after they warned about significant losses this quarter due to price competition with Alibaba Group (-3.70%) and JD.com (-3.54%). So that’s meant the Hang Seng (-0.66%) has posted a third consecutive day of losses, with Meituan as the largest decliner in the index today. However, there’ve been steady gains elsewhere in Asia, with the KOSPI (+0.64%) moving higher after the Bank of Korea left rates unchanged, in line with expectations. In Japan, the Nikkei (+0.47%) has also risen, despite weak demand at a 2yr government bond auction this morning, with the lowest bid-to-cover ratio since 2009. And the CSI 300 (+0.69%) and the Shanghai Comp (+0.07%) have also advanced.
Prior to Nvidia’s results, US equities had powered ahead, with the S&P 500 (+0.24%) closing at another record high. The advance was led by the energy sector (+1.15%), which benefited from the stabilisation in oil prices, whilst information technology (+0.48%) also outperformed. Small-caps were another group that did relatively well too, with the Russell 2000 (+0.64%) hitting an 8-month high. In fact, that leaves the Russell 2000 just 3% beneath its record high from November 2021, the same month that other risk assets like the NASDAQ and Bitcoin also hit their local peaks before the 2022 bear market.
But even as equities were advancing, ongoing concern about the Fed’s independence clearly remained in the background, and investors responded by pricing in faster rate cuts and higher inflation. Indeed, the 2yr inflation swap (+2.7bps) moved up to its highest level since late-2022, at 3.08%. So this isn’t just an abstract issue, and there was a fresh steepening in the yield curve too as a result. So the 2yr yield (-3.6bps) fell to its lowest since April, at 3.61%, whilst the 10yr yield fell -2.7bps to 4.23%, and the 30yr yield inched +0.2bps higher at 4.92%. So that left the 2s30s curve at its steepest level since January 2022.
When it comes to the near-term path for policy, Fed speakers continued to keep open the prospect of a September rate cut. For instance, New York Fed President Williams said that “I definitely think that every meeting is, from my perspective, live”. And he also said that rates were still “modestly restrictive”. Otherwise, we got a bit more on the timeline for the appointment of the new Fed Chair, as Treasury Secretary Bessent said in a Fox Business interview that there were 11 candidates, of which three or four would be presented to Trump, and then the decision would “surely” be known in the fall.
In Europe yesterday, French sovereign bonds remained under pressure ahead of the confidence vote on September 8. That comes as investors continue to worry about the fiscal trajectory and whether the government (or their successors) will be able to cut the deficit. We did hear from Prime Minister Bayrou yesterday evening, who made his first televised comments since he called for the confidence vote. He offered to meet with opposition parties and negotiate on individual budget proposals. But given the number of other parties who’ve said they’ll vote against the government, the government would fall if those parties followed through, opening the way for a new PM, or even fresh legislative elections.
That backdrop meant French long-end yields kept moving higher, and the 30yr yield even closed at a post-2011 high of 4.42%, last seen at the height of the Euro crisis. Moreover, the selloff continued to be concentrated around France, as the Franco-German 10yr spread moved up to a 7-month high of 82bps. For reference, the peak last December was at 88bps just before the Barnier government fell, so we’re getting close to that point again. And the ongoing convergence with Italian yields continued as well, with the French 10yr yield closing just 5bps beneath its Italian counterpart, which is the smallest gap since 2003. Admittedly, French equities did begin to stabilise after their slump at the start of the week, with the CAC 40 up +0.44%. But even there, banks posted further declines, including BNP Paribas (-0.65%) and Crédit Agricole (-0.58%).
Elsewhere in Europe, markets had generally been pretty cautious too, with the STOXX 600 was only up +0.10%. Even that was largely down to the recovery in French equities, and other indices generally fell back across the continent, including the FTSE 100 (-0.11%), the DAX (-0.44%) and the FTSE MIB (-0.72%). That risk-off tone was echoed in sovereign bond markets too, with an outperformance for German bunds that saw the 10yr yield fall -2.3bps on the day to 2.70%.
To the day ahead now, and US data releases include the weekly initial jobless claims, the second estimate of Q2 GDP, and pending home sales for July. Meanwhile in the Euro Area, we’ll get the European Commission’s economic sentiment indicator for August and the money supply and bank credit data for July. Otherwise from central banks, we’ll hear from the Fed’s Waller and the ECB’s Rehn, and the ECB will also publish the accounts of their July meeting.
2b European opening report
NVIDIA -1.7% post earnings after Q3 rev. guidance & China risks; US GDP/PCE (Q2) due – Newsquawk US Market Open
Thursday, Aug 28, 2025 – 05:53 AM
- European bourses erase early morning strength; NVIDIA (-1.9% pre-market) post-earnings.
- NVIDIA shares are pressured in pre-market trade despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- USD is flat in quiet trade as FX majors trade in narrow ranges awaiting the next catalyst.
- Bonds see lacklustre trade in quiet newsflow as USTs eye 7yr supply and data.
- Crude choppy, gold on either side of USD 3,400/oz, base metals are mixed in narrow ranges.
- Looking ahead, US GDP 2nd Estimate (Q2), PCE (Q2), Jobless Claims, ECB Minutes, Speech from Fed’s Waller, Supply from the US, Earnings from Marvell, Dell, ULTA Beauty, Best Buy.
Newsquawk in 3 steps:
1. Subscribe to the free premarket movers reports
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
LOOKING AHEAD
- Looking ahead, highlights include US GDP 2nd Estimate (Q2), PCE (Q2), Jobless Claims, ECB Minutes, Speech from Fed’s Waller, Supply from the US, Earnings from Marvell, Dell, ULTA Beauty, Best Buy.
- Click for the Newsquawk Week Ahead.
TARIFFS/TRADE
- Chinese Commerce Ministry confirms trade negotiator Li Chenggang will travel to Washington for meetings with US officials.
EUROPEAN TRADE
EQUITIES
- European bourses opened firmer, initially edging higher throughout the morning but have since reversed, which coincided with the US pre-market open.
- European sectors began the session almost entirely in positive territory, though have since moved to show a mixed picture as stocks wane a little. Consumer products and services at the top of the pile, helped by Luxury strength. LVMH (+3.5%), Hermes (+1.7%), Swatch (+2.3%).
- US equity futures are mixed with the ES/NQ essentially flat whilst the RTY outperforms, building on the prior day’s strength. All focus on NVIDIA (-1.9% pre-market), which moves lower after it beat on its top and bottom lines, but with focus on the outlook forecast, which was not as strong as some had expected; Q3 rev. guided at USD 53bln vs some expectations as high as USD 60bln.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- DXY remains confined to a tight range after trading little changed overnight and following the previous day’s ultimately flat performance as data and market-moving events for the buck were sparse. Focus today on US data, which includes GDP/PCE (Q2) and Jobless Claims. DXY currently resides in a narrow 98.05-98.21 parameter.
- EUR/USD is moving in tandem with the buck after yesterday’s intraday recovery and rebound from a brief dip beneath the 1.1600 handle. There has been little in terms of fresh updates from the French political debacle. French Finance Minister Lombard said the public deficit will be on target in 2025, 2026 budget is almost ready, the text that gets voted will be the “fruit of compromise”. EUR/USD resides in a current 1.1631-1.1654 range at the time of writing
- USD/JPY oscillates within a narrow band and struggles for a clear direction after recent fluctuations and amid the indecisive risk appetite in Japan. Comments from BoJ’s Nakagawa garnered very little reaction as she reiterated the BoJ will continue to raise the interest rate if the outlook for economic activity and prices is realised. USD/JPY bounced off levels near its 50 DMA (146.98) this morning, notching a current range between 147.01-147.49.
- GBP/USD at the whim of the dollar, having briefly reclaimed 1.3500 status in the overnight session but with upside capped amid quiet newsflow. Aside from that, data and speakers remain on the quieter side for GBP, with Cable currently on either side of its 50 DMA (1.3493) in a 1.3484-1.3518.
- Antipodeans hold a mild upward bias against the dollar in quiet newsflow. Strength was seen overnight after the PBoC continued to strengthen the yuan reference rate.
- PBoC set USD/CNY mid-point at 7.1063 vs exp. 7.1479 (Prev. 7.1108)
- PBoC extended bilateral currency swap agreement with the RBNZ for five years.
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- USTs are firmer by a handful of ticks, with a slight bid caught soon after the European equity cash open, but seemingly without a fresh driver. Currently trading towards the upper end of a 112-12 to 112-17+ range. Peak for the day marks the weekly high, now currently trading at levels not seen since 1st May 2025 (112-23 was the best from that day). On the data front, markets will have US GDP 2nd Estimate (Q2), PCE (Q2) and Jobless Claims to digest. As for supply, a 7yr auction is on the docket, which follows on from a strong 2yr on Tuesday but a mixed 5yr outing on Wednesday.
- Bunds are slightly lower in what has been a very choppy trade so far. Caught a bid soon after the European cash open, which saw Bunds make a fresh WTD high at 129.90; next level to the upside includes the round 130.00 mark and then 130.06 (Aug 14th high).
- On Wednesday, German-French spreads widened to as high as 81.89 – approaching the high of this year at 84.5bps. Today, yields are tightening a touch back down below 80.00. Most recently, the French Finance Minister said the public deficit will be on target in 2025 and 2026, and the budget is almost ready. Adding that the budget we are preparing does not have a surtax on big companies.
- Gilts marginally outperform today, gapped higher at the open, by around 20 ticks before paring some of that move. Markets have an interesting report via The Times to digest; the UK Treasury is said to be considering a tax hike on landlords by imposing national insurance on rental income ahead of Chancellor Reeves’ autumn budget. This report has helped to lift Gilts, but also as UK paper plays catch-up to some of the strength seen in the prior session in USTs after Gilts shut. Gilts trade in a 90.68 to 90.83 range.
- Italy sells EUR 6bln vs exp. EUR 5.25-6.0bln 2.70% 2030, 3.65% 2035, 3.60% 2035 BTP & EUR 1.25bln vs exp. EUR 1.5-2.0bln 2034 CCTeu.
- Click for a detailed summary
COMMODITIES
- Softer trade across crude contracts, although some upside was seen shortly after reports that the EU mission HQ in Kyiv was struck by Russian missiles, although delegate staff are safe according to the European Commission, which prompted an unwind of those earlier modest gains. Some upticks were seen recently alongside reports from IRNA that “It seems that Europe will activate the “snapback” mechanism against Iran this week”. WTI currently resides in a 63.48-64.00/bbl range while Brent sits in a USD 67.40-67.48/bbl range.
- Spot gold edges higher in quiet trade to test USD 3,400/oz to the upside with the yellow metal in a USD 3,384.62-3,401.11/oz range at the time of writing. Upward tilt in prices also comes amid narrowing prospects of a Russia-Ukraine peace deal, with both sides still carrying out heavy strikes.
- Flat/mostly firmer trade across base metals with no real conviction amid a tentative Dollar and a similarly non-committal risk tone. 3M LME copper trades in a USD 9,775.75-9,833.00/t range.
- Hungary’s MOL says crude supplies have arrived in Hungary and Slovakia after the Druzhba pipeline restarted; Slovak Economy Minister says supplies have resumed to the nation.
- Click for a detailed summary
NOTABLE HEADLINES
- UK Treasury is said to be considering a tax hike on landlords by imposing national insurance on rental income ahead of Chancellor Reeves’ autumn budget, according to The Times.
- ECB’s Rehn says EZ growth more resilient than expected, inflation is slowing to below 2% target; consider rapid and significant weakening of USD dominance as unlikely EZ inflation being at 2% target is linked to ECB’s independent decision making. US President Trump pressure on Fed could have global effects on markets and real economy. ECB will keep close eye on economy and stand ready to act if needed.
- French Finance Minister Lombard says the public deficit will be on target in 2025, 2026 budget almost ready, text that gets voted will be the “fruit of compromise” Do not see possibility of French financial crisis. Tap the markets regularly, no problem financing economy. Budget we are preparing does not have a surtax on big companies. Everything is up for discussion on the 2026 budget as we reduce the deficit and protect companies.
NOTABLE DATA RECAP
- Swiss GDP QQ (Q2) 0.1% vs. Exp. 0.1% (Prev. 0.5%, Rev. 0.4%); due to value added of the chemical-pharmaceutical industry, -4.8% as a result of falling exports.
- Swiss GDP YY (Q2) 1.2% vs. Exp. 1.4% (Prev. 2.0%, Rev. 1.8%)
- Swedish Overall Sentiment (Aug) 96.0 (Prev. 94.3)
- EU Money-M3 Annual Growth (Jul) 3.4% vs. Exp. 3.5% (Prev. 3.3%)
- Italian Mfg. Business Confidence (Aug) 87.4 vs. Exp. 87.2 (Prev. 87.8, Rev. 87.8); Consumer Confidence (Aug) 96.2 vs. Exp. 96.6 (Prev. 97.2)
- EU Business Climate (Aug) -0.72 (Prev. -0.72, Rev. -0.71); EU Consumer Confid. Final (Aug) -15.5 vs. Exp. -15.5 (Prev. -15.5); EU Economic Sentiment (Aug) 95.2 vs. Exp. 96.0 (Prev. 95.8, Rev. 95.7); EU Industrial Sentiment (Aug) -10.3 vs. Exp. -10.0 (Prev. -10.4, Rev. -10.5); EU Services Sentiment (Aug) 3.6 vs. Exp. 3.9 (Prev. 4.1); EU Selling Price Expec (Aug) 6.7 (Prev. 9.2, Rev. 8.9); EU Cons Infl Expec (Aug) 25.9 (Prev. 25.1)
- Italian Industrial Sales YY WDA (Jun) 0.3% (Prev. -1.8%); Industrial Sales MM SA (Jun) 1.2% (Prev. -2.2%, Rev. -2.1%); Industrial Sales MM SA (Jun) 1.2% (Prev. -2.2%)
NOTABLE US HEADLINES
- US Vice President Vance said Fed’s Cook does not meet the standard and President Trump can legally fire Cook.
- White House Trade Advisor Navarro said it appears to be a slam dunk case against Fed’s Cook, while he added this is due process and that Cook weaponised the Fed.
- NVIDIA Corp (NVDA) Q2 2026 (USD): Adj. EPS 1.05 (exp. 1.00), Revenue 46.74bln (exp. 45.51bln). Q3 revenue view 54bln (exp. 53bln), announces additional USD 60bln buyback. Co. said in its earnings call that US government officials expressed expectation that the government will receive 15% of revenue generated from licensed H20 sales, but added that any request for a percentage of revenue may subject them to litigation and increase their costs. Furthermore, it stated the US has not published a regulation codifying such a requirement that the US government will get 15% of revenue generated from licensed H20 sales. Co. shares fell 3.2% after-market.
TARIFFS/TRADE
- French President Macron reportedly told his ministers that the EU should consider retaliatory measures against the US digital sector, according to Politico.
- White House trade advisor Navarro said India can get 25% off tariffs if it stops buying Russian oil.
- India’s government decided to extend the import duty exemption on cotton from September 30th to December 31st this year.
- Japanese government source said Japan’s top trade negotiator Akazawa cancelled his US trip and eyes a visit as early as next week.
- Mexico’s government plans to increase tariffs on China as part of its 2026 budget proposal next month with tariff hikes expected on imports from China, including cars, textiles and plastics, according to Bloomberg.
- China’s top trade negotiator Li Chenggang co-chaired the Joint Economic and Trade Committee in Ottawa, while MOFCOM noted that China and Canada had frank and pragmatic and constructive exchanges on improving and developing bilateral economic and trade relations. MOFCOM also stated that both sides agreed to follow-up communication and that China is ready to manage differences through constructive methods and pragmatic actions.
GEOPOLITICS
MIDDLE EAST
- Israel says its forces are operating in “all combat zones”, after Syrian state media reports a raid by Israeli ground troops on a site it had already bombed outside Damascus, according to AFP.
RUSSIA-UKRAINE
- Russian drones reportedly flying over US weapons routes in Germany, according to officials cited by NYT.
- “European Union announces that its mission headquarters in Kyiv was damaged by the Russian attack”, according to Al Arabiya.
- European Commission President von der Leyen says “Delegation staff are safe”, in reference to Russian attack which damaged EU mission HQ in Kyiv.
- Ukrainian President Zelensky says Russian attack on Kyiv killed at least eight, including a child, adds the attack demonstrates Russian answer to diplomacy and he called for stronger sanctions against Russia.
- Fire at unit of Afipsky oil refinery in Russia’s Krasnodar region extinguished, according to local authorities; Fire broke out following Ukrainian drone strike.
- Ukrainian Energy Ministry says Russia’s combined attack damaged energy facilities in several regions.
- EU Diplomat told Politico “Thursday’s EU meetings aim to increase the pressure on Russia”.
- Ukrainian Air Force says Russia attacked Ukrainian with 598 drones and 31 missiles overnight.
CRYPTO
- Bitcoin is a little firmer today and trades just shy of the USD 113k mark; Ethereum is steady around USD 4.58k.
APAC TRADE
- APAC stocks were predominantly higher but with mixed trade seen throughout the session as risk appetite was clouded post-NVIDIA earnings despite the AI darling beating on top of bottom lines, with investors wary as guidance was not as strong as some had hoped and questions remained regarding China chip sales.
- ASX 200 lacked conviction amid another deluge of earnings and with sentiment not helped by disappointing capex data.
- Nikkei 225 edged higher but with price action indecisive after Japan’s top trade negotiator postponed a planned US trip.
- Hang Seng and Shanghai Comp traded mixed with underperformance seen in Hong Kong following recent earnings including Meituan which reported a substantial drop in profits, while participants look ahead to results from China’s largest lenders.
NOTABLE ASIA-PAC HEADLINES
- Japan’s MOF sounds out dealers of reducing super-long JGBs, according to Nikkei.
- China issued plans to stabilise growth in the steel sector between 2025 and 2026, while it aims to speed up production commencement, capacity and output expansion for key domestic iron ore projects. Furthermore, China will enhance management of steel exports and will promote the reduction of steel output.
- BoK maintained the Base Rate at 2.50%, as expected, with the decision not unanimous as board member Shin Sung-hwan dissented and saw a need to cut rates to aid growth. BoK said domestic demand is expected to sustain a modest recovery and it will maintain a rate cut stance to mitigate downside risks to economic growth, while it will adjust the timing and pace of any further base rate cuts. BoK Governor Rhee stated that a majority of the seven-member board assessed there is a need to work in tandem with government policies to stabilise local property prices, as well as noted that five board members said the door for an imminent rate cut should be open and one board member said the current policy rate should be maintained for the next three months. Furthermore, Rhee said the easing stance will stay through at least the first half of next year and it is difficult to comment on the terminal policy rate, but added that faster policy rate easing risks overstimulating the local property market at this stage.
- BoJ’s Nakagawa says will make policy decisions based on hard data, including Tankan survey; risks of being behind the curve not high right now.
- Mainland investors sell a record USD 2.6bln of Hong Kong stocks on Thursday, via Bloomberg.
DATA RECAP
- Australian Capital Expenditure (Q2) 0.2% vs. Exp. 0.7% (Prev. -0.1%)
- New Zealand ANZ Business Outlook (Aug) 49.7% (Prev. 47.8%)
- New Zealand ANZ Own Activity (Aug) 38.7% (Prev. 40.6%)
2c) Asian opening report
NVIDIA beats on top and bottom line, shares fall -3% on revenue guidance – Newsquawk Europe Market Open
Thursday, Aug 28, 2025 – 01:14 AM
- US Treasury Secretary Bessent reiterated that there are 11 strong Fed chair candidates, while he added they will start interviews after Labor Day and present a shortlist to President Trump.
- NVIDIA (-3.1%) shares were pressured post-earnings despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- White House trade advisor Navarro said India can get 25% off tariffs if it stops buying Russian oil.
- APAC stocks were predominantly higher but with mixed trade seen throughout the session; European equity futures indicate a flat/mildly higher cash market open with Euro Stoxx 50 futures up 0.1% after the cash market finished with gains of 0.2% on Wednesday.
- Looking ahead, highlights include Swiss GDP (Q2), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), PCE (Q2), Jobless Claims, ECB Minutes, Speech from Fed’s Waller, Supply from Italy & US, Earnings from Marvell, Dell, ULTA Beauty, Best Buy & Pernod Ricard.
SNAPSHOT
Newsquawk in 3 steps:
1. Subscribe to the free premarket movers reports
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
US TRADE
EQUITIES
- US stocks were ultimately bid in which the Russell 2000 outperformed and the S&P 500 printed a fresh intraday record high, while sectors were predominantly firmer with Energy leading the advances, although Communication lagged. Tech was also bid ahead of NVDA earnings after-hours, and T-notes continued to steepen with focus on Fed independence, while there were comments from Fed Williams who was somewhat dovish and thinks that it will be appropriate to reduce rates over time but will have to watch the data.
- Nonetheless, futures briefly wobbled after-hours as NVIDIA shares were pressured post-earnings despite beating on top and bottom lines, as its revenue guidance was not as strong as some were hoping for and with questions remaining regarding chip sales to China.
- SPX +0.24% at 6,481, NDX +0.17% at 23,566, DJI +0.32% at 45,565, RUT +0.64% at 2,374.
- Click here for a detailed summary.
TARIFFS/TRADE
- White House trade advisor Navarro said India can get 25% off tariffs if it stops buying Russian oil.
- India’s government decided to extend the import duty exemption on cotton from September 30th to December 31st this year.
- Japanese government source said Japan’s top trade negotiator Akazawa cancelled his US trip and eyes a visit as early as next week.
- Mexico’s government plans to increase tariffs on China as part of its 2026 budget proposal next month with tariff hikes expected on imports from China, including cars, textiles and plastics, according to Bloomberg.
- China’s top trade negotiator Li Chenggang co-chaired the Joint Economic and Trade Committee in Ottawa, while MOFCOM noted that China and Canada had frank and pragmatic and constructive exchanges on improving and developing bilateral economic and trade relations. MOFCOM also stated that both sides agreed to follow-up communication and that China is ready to manage differences through constructive methods and pragmatic actions.
NOTABLE HEADLINES
- US Vice President Vance said Fed’s Cook does not meet the standard and President Trump can legally fire Cook.
- White House Trade Advisor Navarro said it appears to be a slam dunk case against Fed’s Cook, while he added this is due process and that Cook weaponised the Fed.
- US Treasury Secretary Bessent reiterated that there are 11 strong Fed chair candidates, while he added they will start interviews after Labor Day and present a shortlist to President Trump.
- NVIDIA Corp (NVDA) Q2 2026 (USD): Adj. EPS 1.05 (exp. 1.00), Revenue 46.74bln (exp. 45.51bln). Q3 revenue view 54bln (exp. 53bln), announces additional USD 60bln buyback. Co. said in its earnings call that US government officials expressed expectation that the government will receive 15% of revenue generated from licensed H20 sales, but added that any request for a percentage of revenue may subject them to litigation and increase their costs. Furthermore, it stated the US has not published a regulation codifying such a requirement that the US government will get 15% of revenue generated from licensed H20 sales. Co. shares fell 3.2% after-market.
APAC TRADE
EQUITIES
- APAC stocks were predominantly higher but with mixed trade seen throughout the session as risk appetite was clouded post-NVIDIA earnings despite the AI darling beating on top of bottom lines, with investors wary as guidance was not as strong as some had hoped and questions remained regarding China chip sales.
- ASX 200 lacked conviction amid another deluge of earnings and with sentiment not helped by disappointing capex data.
- Nikkei 225 edged higher but with price action indecisive after Japan’s top trade negotiator postponed a planned US trip.
- Hang Seng and Shanghai Comp traded mixed with underperformance seen in Hong Kong following recent earnings including Meituan which reported a substantial drop in profits, while participants look ahead to results from China’s largest lenders.
- US equity futures nursed some of the losses seen in the aftermath of NVIDIA’s earnings after wobbling on guidance and China sales uncertainty.
- European equity futures indicate a flat/mildly higher cash market open with Euro Stoxx 50 futures up 0.1% after the cash market finished with gains of 0.2% on Wednesday.
FX
- DXY traded little changed after the previous day’s ultimately flat performance as data and market-moving events for the buck were sparse, while the attention now turns to incoming US data including GDP and Initial Jobless Claims scheduled today, followed by the latest PCE data on Friday.
- EUR/USD eked slight gains after yesterday’s intraday recovery and rebound from a brief dip beneath the 1.1600 handle, while there is a slew of incoming sentiment surveys from the bloc, as well as the ECB Minutes from the July conclave.
- GBP/USD edged marginally higher after reclaiming the 1.3500 status but with upside capped amid quiet newsflow.
- USD/JPY struggled for direction after recent fluctuations and amid the indecisive risk appetite in Japan, while comments from BoJ’s Nakagawa garnered very little reaction as she reiterated the BoJ will continue to raise the interest rate if the outlook for economic activity and prices is realised.
- Antipodeans remained mildly firmer against the dollar after the PBoC continued to strengthen the yuan reference rate, with the currencies unfazed by weaker-than-expected Australian private capex data and mixed New Zealand business surveys.
- PBoC set USD/CNY mid-point at 7.1063 vs exp. 7.1479 (Prev. 7.1108)
- PBoC extended bilateral currency swap agreement with the RBNZ for five years.
FIXED INCOME
- 10yr UST futures took a breather after the prior day’s continued bull steepening alongside the ongoing Trump vs Fed debacle, while further upside was limited ahead of supply including a 7-year note auction stateside.
- Bund futures held on to recent spoils after yesterday’s whipsawing and eventual rebound, while participants look ahead to the release of several confidence surveys from the bloc and the ECB Minutes.
- 10yr JGB futures initially tracked the recent upside in global peers but then faded some of the gains after a dismal 2yr JGB auction which resulted in the weakest demand ratio since 2009.
COMMODITIES
- Crude futures gradually pulled back overnight amid a lack of energy-specific drivers and after having gained yesterday amid anticipation of further sanctions on Iran and following a larger-than-expected weekly EIA headline crude draw.
- Spot gold trickled lower after the prior day’s intraday rebound was stalled by resistance near the USD 3,400/oz level.
- Copper futures traded sideways with demand constrained after this week’s declines and amid the mixed risk appetite.
CRYPTO
- Bitcoin gradually edged higher and returned to above the USD 112k level.
NOTABLE ASIA-PAC HEADLINES
- China issued plans to stabilise growth in the steel sector between 2025 and 2026, while it aims to speed up production commencement, capacity and output expansion for key domestic iron ore projects. Furthermore, China will enhance management of steel exports and will promote the reduction of steel output.
- BoK maintained the Base Rate at 2.50%, as expected, with the decision not unanimous as board member Shin Sung-hwan dissented and saw a need to cut rates to aid growth. BoK said domestic demand is expected to sustain a modest recovery and it will maintain a rate cut stance to mitigate downside risks to economic growth, while it will adjust the timing and pace of any further base rate cuts. BoK Governor Rhee stated that a majority of the seven-member board assessed there is a need to work in tandem with government policies to stabilise local property prices, as well as noted that five board members said the door for an imminent rate cut should be open and one board member said the current policy rate should be maintained for the next three months. Furthermore, Rhee said the easing stance will stay through at least the first half of next year and it is difficult to comment on the terminal policy rate, but added that faster policy rate easing risks overstimulating the local property market at this stage.
DATA RECAP
- Australian Capital Expenditure (Q2) 0.2% vs. Exp. 0.7% (Prev. -0.1%)
- New Zealand ANZ Business Outlook (Aug) 49.7% (Prev. 47.8%)
- New Zealand ANZ Own Activity (Aug) 38.7% (Prev. 40.6%)
GEOPOLITICS
MIDDLE EAST
- Israel launched a series of strikes on former army barracks in the southwestern Damascus countryside, while a Syrian army source said the Israeli army landed a special force in a strategic hilltop southwest of the Damascus area in a two-hour operation.
RUSSIA-UKRAINE
- EU is reportedly considering secondary sanctions to hit Russia’s war effort with EU foreign ministers to meet in Copenhagen later this week and are expected to have a discussion on a range of options, according to Bloomberg.
EU/UK
NOTABLE HEADLINES
- UK Treasury is said to be considering a tax hike on landlords by imposing national insurance on rental income ahead of Chancellor Reeves’ autumn budget, according to The Times.
3A NORTH KOREA/SOUTH KOREA
SOUTH KOREA//NORTH KOREA/
3B JAPAN
3C CHINA
4. European affairs and NATO
Why Wouldn’t This English Pub Let This Englishman In?
Thursday, Aug 28, 2025 – 03:30 AM
Authored by Steve Watson via Modernity.news,
An Englishman walks into a pub… and the joke ends there because this one didn’t even get through the front door.
Why? Well because he was carrying a dangerous object that this establishment has deemed to be grounds for entry refusal.
No, it wasn’t a knife or any other weapon. It was the English flag. The Saint George’s Cross.
The flag of the nation where the pub is located.
The flag that adorns the kit of the England football and Rugby teams.
The two…ahem security guards flanked the Karen running The Manor Farm Pub in Birmingham, telling the man and his friends that they couldn’t come into the pub for a drink because they were carrying “protest materials,” and the pub was not “taking any part in these protests.”
She is referring to the fact that English people all over the country are putting up English flags and Union Jack flags in protest of continuing mass migration, the use of hotels to house illegal immigrants at taxpayer expense, and the explosion in crime attributed to foreigners.
As the exchange became more heated, the men at the pub were asked to leave and accused of trespassing by the management.
The video of the incident has gone viral with over 10M views on X alone, and now the pub, operated by Greene King, is facing massive backlash.
People who think it should be ok to display the flag of England in England have review-bombed the pub on Google and Trip Advisor.
In response to the backlash, Greene King issued a statement doubling down, and asserting that their pubs are intended as welcoming spaces for socialising, not places to get caught up in protests.
They confirmed that managers have the right to refuse entry and do not permit materials linked to political protests, requiring customers to remove such items.
However, they emphasized that this is not a political stance on the ongoing debate about the St George’s flag, and wearing football kits like England shirts is still allowed.
The incident perfectly encapsulates why those raising the flag feel the need to do so.
* * *
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.
END
HUNGARY/EU/GERMANY
Orbán Claims Vindication After Merz Warns German Welfare State Is Unsustainable
Thursday, Aug 28, 2025 – 02:00 AM
Authored by Thomas Brooke via Remix News,
Hungarian Prime Minister Viktor Orbán said he felt vindicated in his economic strategy after German Chancellor Friedrich Merz admitted in a landmark speech that Germany’s welfare state can no longer be financed at current levels.
“The German Chancellor’s speech confirms everything that we Hungarians have done in the economy over the past 15 years,” Orbán wrote in response to Merz’s address in Osnabrück on Saturday.
“The Western welfare state is bankrupt, so it was right for us to switch to a labor-based economy in 2010.”
Orbán argued that while Germany is only now waking up to the crisis, Hungary anticipated it and acted accordingly.
“It was right to stand on more legs and start the Eastern opening. It was right to embrace the most advanced Chinese technology, it was right to lead Europe in electromobility, it was right to maintain economic cooperation with Russia, it was right to stick to cheap Russian energy sources, and it was right to support Donald Trump against migration and for peace,” he said.
He contrasted Hungary’s “nation-building” approach with Germany’s belated “crisis management.”
“Our perspective is nation-building: tax revolution, own home, 10-year development plan. What a difference! We fight for the truth! We fight against lies!” Orbán declared.
In Osnabrück, Merz acknowledged the depth of Germany’s problems.
“The welfare state as we have it today is no longer financially viable with what we are achieving economically,” he said.
The warning follows growing concerns over bankruptcies, rising unemployment, and inflation risks.
Migration has become a central factor. Figures from the Federal Employment Agency last year showed that of the 4 million employable people on social benefits, more than 2.5 million have a migration background, nearly 64 percent.
Bild also reported that almost half of Germany’s €17.68 billion housing support budget for 2024 has gone to foreigners.
Yet despite the mounting strain, Remix News reported earlier this month that Germany’s Federal Employment Agency was continuing to promote the “citizen’s benefit” (Bürgergeld) welfare system to migrants.
A section of its website, written in English for “people from abroad,” featured smiling models — including a woman in a hijab — and promised financial support for migrants unable to cover living expenses.
END
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
ISRAEL /GAZA/HEZBOLLAH/IRAN/SUMMARY OF THE LAST 24 HR/TBN
ISRAEL VS HAMAS
IDF says mass evacuation from Gaza City ‘inevitable’ as troops push further into city
Israel envoy Yechiel Leiter says ceasefire proposals ‘under discussion’ but reiterates Hamas must be destroyed; Italy’s Meloni says war has surpassed ‘principle of proportionality’
By Stav Levaton, Follow
Lazar Berman Follow
and Agencies27 August 2025, 6:49 pm
Displaced Palestinians fleeing Jabalia move with their belongings on a street in Gaza City, Aug. 26, 2025. (AP/Jehad Alshrafi)
IDF troops continued to operate on the outskirts of Gaza City on Wednesday, as a military spokesman urged civilians in the area to evacuate ahead of a planned offensive deeper into the city, dismissing the notion that there was not enough room in the south of the Strip for the displaced.
The comments come as Prime Minister Benjamin Netanyahu appears poised to move ahead with the decision approved by the cabinet earlier this month to conquer Gaza City, as Israeli officials continue to dismiss proposals for a partial hostage release deal, saying Jerusalem will only agree to a complete deal to free all hostages and disarm Hamas.
Israeli Ambassador to the US Yechiel Leiter said in a TV interview on Wednesday that Israel was still examining “what the possibilities are” for a ceasefire deal with Hamas, but will not end the war in Gaza until Hamas surrenders or is destroyed. His comments came after mediators Qatar and Egypt expressed frustration that Israel has yet to issue an official response to the latest phased hostage release proposal, which Hamas said last week that it had accepted.
Col. Avichay Adraee, the IDF’s Arabic-language spokesman, rejected on Wednesday what he called “false rumors” that there is no space available in southern Gaza for displaced residents, as IDF troops continued to advance on Gaza City.
In a video message posted on X, Adraee said the army has surveyed large open areas in southern Gaza, including in the central refugee camps and in Al-Mawasi, which he described as empty of tents and ready to receive evacuees.
Adraee said that the evacuation of residents from Gaza City was “inevitable,” and pledged that families moving south would receive increased humanitarian assistance. The statement said that preparations are underway for tent encampments, aid distribution centers and water infrastructure for those being displaced.
The IDF said Wednesday that Israel will add two humanitarian aid distribution centers in the southern Gaza Strip to receive the new influx of displaced Palestinians. It said in a statement that the work would be completed in the coming days, replacing the Center in the Tel al-Sultan neighborhood and bringing the number of distribution centers to a total of five.
UN spokesperson Stéphane Dujarric said earlier this week that roughly 5,000 people had been displaced from northern Gaza to Deir al-Balah in the central Strip and to Khan Younis in the south since August 20. Another 8,000 have been displaced to the west of Gaza City, bringing the total number of new displacements since the end of the March ceasefire to more than 800,000.
Speaking to CNN’s Jake Tapper on Wednesday, Leiter said ceasefire proposals are “under discussion… we’re looking at what the possibilities are for a ceasefire and a temporary deal, but at the same time it has to be very clear — it ends when Hamas ends.”
He said Israel is wary of a partial hostage release because it could mean the deaths of the hostages not freed in the first phase: “If we are not careful, what’s going to happen is we are going to get a few hostages out now, and we’re never going to see the rest of the hostages again.”
Israeli Ambassador to the US Yechiel Leiter talks with reporters on May 22, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
Leiter said that Israel “can’t guarantee” that the living hostages in Gaza “will come back soon,” but “we can guarantee that we’re going to do everything in our power to get them out.”
He also averred that mediators Egypt and Qatar “haven’t applied the necessary pressure, if they could” on Hamas.
“Hamas leadership is sitting in Istanbul,” Leiter said. “Where the hell is [Turkish President Recep Tayyip] Erdogan? Why are Hamas leadership sitting in Qatar right now? Why is the international community not saying, the leadership of Hamas is being closed down, period?”
He claimed that Hamas reconstituted during the ceasefire earlier this year, “building up a force of 25,000-30,000 fighters.”
The IDF said Wednesday that troops were continuing to operate on the outskirts of Gaza City, targeting the remaining Hamas strongholds in the enclave.
According to the military, forces from the 99th Division have been striking Hamas infrastructure both above and below ground, and in the past 24 hours they destroyed several observation posts that posed a threat to Israeli troops. At the same time, the 162nd Division has been engaged in fighting in Jabalia and Gaza City’s outskirts in an effort to eliminate operatives from terror groups and dismantle their networks, the IDF said.
Israeli armored vehicles are positioned near the border with the Gaza Strip in southern Israel on August 27, 2025. (Jack GUEZ / AFP)
Residents of Gaza City in the Strip’s north reported that tanks entered the Ebad-Alrahman neighborhood on the northern edge of the city late Tuesday and shelled houses, wounding several people and forcing many others, who had been taken by surprise, to move deeper into Gaza’s largest city.
“All of a sudden, we heard that the tanks pushed into Ebad-Alrahman, the sounds of explosions became louder and louder, and we saw people escaping towards our area,” Saad Abed, 60, a former construction worker, told Reuters via a chat app from his house in Jala Street in Gaza City, around a kilometer (0.62 miles) from the Ebad-Alrahman neighborhood. “If no truce is reached, we will see the tanks outside our homes.”
Tala al-Khatib, 29, told AFP that there was heavy bombing overnight: “Warplanes struck several times, and drones fired throughout the night,” she said. “Several homes in Zeitoun were blown up. We are still in our house — some neighbors have fled, while others remain. But wherever you flee, death follows you.”
Elsewhere, the 36th Division continued its operations in Khan Younis in southern Gaza, where the IDF said troops — with air support — killed several operatives and destroyed additional infrastructure. The air force, directed by the navy, also struck a naval weapons warehouse and a repair facility for Hamas’s naval armaments in Khan Younis, the IDF said.
Separately, an Israeli Air Force strike, guided by the Military Intelligence Directorate and the Shin Bet, killed Mahmoud al-Asoud, commander of Hamas’s General Security Apparatus in western Gaza. The IDF said al-Asoud played a central role in Hamas’s security apparatus both during the current war and in past years.
The IDF also announced Wednesday that it had established a new engineering battalion under the Givati Brigade, which has already joined the fighting in Jabalia in northern Gaza. The 607th “Mapatz” Battalion was created following lessons learned during the war, with the military citing the need for dedicated engineering forces at the brigade level to support infantry operations, dismantle terror infrastructure, and ensure troop mobility.
IDF troops operate in the Gaza Strip ahead of a planned Gaza City offensive, in a photo released for publication August 27, 2025. (Israel Defense Forces)
Meanwhile, Israel continued to face harsh international criticism for a strike earlier this week on the Nasser Hospital in Khan Younis that killed at least 20 people, including five journalists.
The IDF said Tuesday that its preliminary investigation found that forces had targeted a Hamas surveillance camera the terror group had installed on the hospital grounds, and asserted that six of the people killed were terror operatives. The military also reiterated that it regretted civilian casualties and does not target journalists, while accusing Hamas of “cynically” exploiting medical facilities for military purposes.
The strike was “unjustifiable,” said Italian Prime Minister Giorgia Meloni on Wednesday, adding that Israel’s war against Hamas, sparked by the terror group’s October 7 onslaught in Israel, has “gone beyond the principle of proportionality.”
“We condemn the unjustifiable killing of journalists, an unacceptable attack on press freedom and on all those who risk their lives to report the tragedy of war,” she said during her address at an annual Catholic festival in Rimini, Italy.
Italian Prime Minister Giorgia Meloni participates in a meeting at the White House on August 18, 2025, in Washington, DC. (WIN MCNAMEE /Getty Images via AFP)
“We did not hesitate for a single minute in supporting Israel’s right to defense after the horrors of the October 7 massacre,” added the conservative premier. “But we cannot remain silent now in the face of a reaction that has gone beyond the principle of proportionality, claiming too many innocent victims, and even involving Christian communities.”
She said that Italy is “reaffirming its role” in Gaza, highlighting Italy’s involvement in medical evacuations from the Strip.
“There are those who go through the motions and those who save children. I am proud to be among the latter,” she said.
Israel’s UN Ambassador Danny Danon said Wednesday that there will be more information in the “next few days” on the strike on Nasser Hospital.
“We’re still looking into the details of that incident, and so that in the next few days we will have more information about that,” Danon told reporters. “Our goal is to fight terrorists, not journalists, not anyone who is not involved in terrorism.”
Times of Israel staff contributed to this report.
END
ISRAEL VS HAMAS
Christian Priests & Nuns Refuse To Leave Gaza City
Wednesday, Aug 27, 2025 – 09:45 PM
Authored by Dave DeCamp via AntiWar.com,
Christian priests and nuns based in Gaza City will remain to help displaced people sheltering at two churches despite the Israeli military’s plans to conquer the city, the Latin Patriarchate of Jerusalem and the Greek Orthodox Patriarchate of Jerusalem said in a joint statement on Tuesday.
“At the time of this statement, evacuation orders were already in place for several neighborhoods in Gaza City. Reports of heavy bombardment continue to be received. There is more destruction and death in a situation that was already dramatic before this operation. It seems that the Israeli government’s announcement that ‘the gates of hell will open’ is indeed taking on tragic forms,” the Patriarchates said.
Hundreds of civilians have been sheltering at the Holy Family Catholic Church in Gaza City and the nearby Saint Porphyrius Orthodox Church. Both churches have come under Israeli attack, including the recent IDF tank shelling of the Holy Family Church, which killed three Christians and injured Father Gabriel Romanelli, a Catholic priest from Argentina.
Nuns with the Missionaries of Charity, a congregation founded by Mother Teresa, have had a presence in Gaza since the 1970s and have taken care of disabled Palestinians at the church since well before October 7, 2023.
“Like other residents of Gaza City, the refugees living in the facilities will have to decide according to their conscience what they will do. Among those who have sought shelter within the walls of the compounds, many are weakened and malnourished due to the hardships of the last months,” the Patriarchates said.
“Leaving Gaza City and trying to flee to the south would be nothing less than a death sentence. For this reason, the clergy and nuns have decided to remain and continue to care for all those who will be in the compounds,” they added.
Israel’s plans for the takeover of Gaza City involve the forced displacement of more than one million Palestinians sheltering there. The idea is to push them into southern Gaza, and from there, the Israeli government wants to pressure them to leave Gaza altogether, as Israeli Prime Minister Benjamin Netanyahu and other Israeli officials have made clear their ultimate goal is the ethnic cleansing of the Palestinian territory.
According to numbers from the UN, at least 11,600 Palestinians have been displaced from north Gaza to southern Gaza since the Israeli military announced its plans to take over Gaza City and ramped up airstrikes and shelling of the city.
“This is not the right way. There is no reason to justify the deliberate and forcible mass displacement of civilians,” the Patriarchates said. “It is time to end this spiral of violence, to put an end to war and to prioritize the common good of the people. There has been enough devastation, in the territories and in people’s lives. There is no reason to justify keeping civilians as prisoners and hostages in dramatic conditions. It is now time for the healing of the long-suffering families on all sides.”
HEZBOLLAH
IRAN VS ISRAEL
Iran sanitizing SPND nuke site which Israel struck twice in June – report
If the site were truly only for scientific and civilian purposes, Iran would have doubtless shown off the site to international media and to the IAEA nuclear inspectors.
Satellite image shows a close up view of destroyed buildings at Isfahan Nuclear Technology Center, after it was hit by US airstrikes, in Isfahan, Iran, June 22, 2025.(photo credit: MAXAR TECHNOLOGIES/HANDOUT VIA REUTERS)ByYONAH JEREMY BOBAUGUST 27, 2025 21:41Updated: AUGUST 27, 2025 21:43
Iran is sanitizing the site of its SPND nuclear program, which Israel struck twice during the June war, in an effort to prevent any ability by IAEA nuclear inspectors from gathering evidence of the military dimensions of the program, a think tank report said on Wednesday.
In an Institute for Science and International Security (the “good ISIS) report written by David Albright, Sarah Burkhard, Spencer Faragasso, and the Good ISIS Team, satellite footage of the site shows heavy sanitization efforts by Iran as of July 3.
Additional satellite footage shows that the site was completely raised by August 19.
If the site were truly only for scientific and civilian purposes, Iran would have doubtless shown off the site to international media and to the IAEA nuclear inspectors.
Instead, the Islamic Republic is sanitizing the site as it has done with numerous sites in the past, once Israel and international inspectors had identified suspicious nuclear activities, most notably at Parchin and Turquzabad.
The Mojdeh site at Malek Ashtar University housed the SPND. The SPND was the successor to the AMAD program, which the Mossad identified as the cover for Tehran’s nuclear weapons efforts when it seized Iran’s nuclear secrets during a raid in 2018.
Return of the IAEA to Iran
Although Iran finally allowed some IAEA inspectors to return to Iran on Wednesday, it is currently only discussing giving them access to sites which Israel did not attack, such as the Bushehr nuclear reactor, which is in fact only for civilian nuclear purposes.
Israeli officials suspect that Iran has been using the last two months to sanitize other military nuclear sites as well, before it would let nuclear inspectors return to them.
end
IRAN/NUCLEAR INSPECTORS
IAEA Nuclear Inspector Team Returns to Iran In First Since Israel War
Thursday, Aug 28, 2025 – 06:55 AM
An initial team of inspectors of the International Atomic Energy Agency (IAEA) has returned to Iran and is preparing to begin its work, after inspectors were formally kicked out of the country by Tehran earlier this summer, in connection with the 12-day war and surprise attack by Israel.
“We have been discussing with them now,” said Director General Rafael Grossi on Tuesday in reference to the Iranians. “The first team of IAEA inspectors is back in Iran, and we are about to restart inspections,” he told Fox News.
Grossi indicated that talks with the Islamic Republic are currently focused on “practical modalities” to resume monitoring work at multiple facilities. Reports indicate that some of the facilities are the very ones struck during Israeli and US operations in June.
President Trump has touted that these three sites – the Fordo Uranium Enrichment Plant, the Natanz Nuclear Facility, and Isfahan Nuclear Technology Center – were completely destroyed.
But now the IAEA inspectors might be able to assess the situation more accurately from on the ground, which will be a first for any outside observer.
In Europe, Tuesday saw discussions between Iran and the E3 nations – France, Germany, and the United Kingdom – at a moment the E3 countries have warned they may trigger the mechanism for reimposing international sanctions on Iran if it fails to either reach a new nuclear agreement by the end of August or agrees to extend UN Security Council Resolution 2231, which covers the terms of the Joint Comprehensive Plan of Action.
Axios’ Barak Ravid reports, “The leaders of France, Germany, and Britain are very close to deciding to activate the snapback mechanism to reimpose UN Security Council sanctions on Iran. It will take a diplomatic miracle to prevent this from happening.”
The Europeans are also pressing Iran to rejoin nuclear talks with Washington; however, the Iranians have made clear that the US can no longer be trusted – as it bombed the Islamic Republic in June at the very moment the sides were engaged in talks.
As we reported earlier, Grossi has meanwhile been given a comprehensive security detail by a specialized Austrian police unit, amid personal threats reportedly linked to Iran. He has had 24/7 protection for weeks at this point.
SYRIA
First Syrian Crude Oil Shipped In Aftermath Of Assad’s Overthrow
Wednesday, Aug 27, 2025 – 08:30 PM
The West has moved fast on Syria in the wake of Assad’s ouster – first lifting most sanctions and now ensuring oil and gas are tapped and get flowing again. The brutal sanctions served to punish the broader Syrian population for many years.
It underscores once again that the disastrous war was really about externally-driven regime change and installing a more malleable puppet government – which turned out to be essentially Al Qaeda in suits.
Bloomberg is reporting that the Switzerland-based Vitol Group, which is the largest independent oil trading company in the world, will soon receive and export Syria’s first shipment of crude oil and transport it to a refinery in Italy.
The report indicates, “The shipment is due to load on Wednesday, the person said. The company declined to comment and Syria’s energy ministry didn’t respond to requests to do so.”
The last several months have seen Pentagon reduce its occupation at and near Syria’s oil and gas fields in the northeast, where American forces had long supported Kurdish and Arab ‘Syrian Democratic Forces’ (SDF).
It’s unclear what kind of deal may have been quietly worked out between Kurdish groups, and the Sharaa/Jolani government, and the US military. But Bloomberg notes further:
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.
During Trump’s first term he had openly advertised that US troops would stay in Syria to “secure the oil”. Ultimately, US national security officials sought to starve Assad government areas of vital resources, in order to choke Damascus into submission.
The country’s production before 2011 was estimated at hundreds of thousands of barrels per day – which was really just enough to provide for its domestic energy needs.
During the mainstay of the proxy war and US occupation of Deir Ezzor and Hasakah provinces, some 90% of Syria’s crude oil came from Iran. There were still mass fuel shortages, and huge queues at gas stations.
Syria had never been a significant exporter or importer of crude, which means the population has suffered greatly during the war, and amid international sanctions.
The CIA asset who decided he’s the President of Syria graciously offered Trump the ultimate deal: U.S companies can have a free-for-all with Syria’s oil, gas, and reconstruction projects. He also threw in intelligence sharing and normalizing relations with Israel. In return? Lifting U.S. sanctions. At this rate, his next offer might include handing over his pants… and maybe the deed to Damascus.
The US occupation in the northeast cut off the bulk of the country from access to its own natural resources. There’s a likelihood that now the new hardline Sunni regime in Damascus can enrich itself.
It remains anything but clear whether the country’s limited natural resources will go back to benefitting the people, or if it will be merely siphoned off by external players – a scenario strongly suggested by Trump’s own prior words.
END
ISRAEL VS HOUTHIS
LAST NIGHT
Why Israel has failed to stop Houthis, and when it might change – exclusive
Already on Monday, Sanaa was lit up, rebutting the Israeli claim to take down electricity for an extended period, and another missile was fired at Israel on Wednesday.
Houthi soldiers stand guard on a missile carrier during an official military parade marking the ninth anniversary of the Houthi takeover of the capital, Sanaa, on September 21, 2023.(photo credit: MOHAMMED HUWAIS/AFP, Mohammed Hamoud/Getty Images)ByYONAH JEREMY BOBAUGUST 27, 2025 21:31Updated: AUGUST 27, 2025 22:11
Israel has failed to stop the Yemeni Houthis from firing ballistic missiles and drones at it since October 19, 2023, because of a mix of failed strategy and capabilities, The Jerusalem Post has learned.
From October 2023 until July 2024, when a Houthi drone killed an Israeli civilian in Tel Aviv, Jerusalem’s approach was to avoid directly confronting the Houthis and to try to leave any fighting with them to the US.Top Israeli officials – with US officials agreeing with them – during the early stages of the war told the Post that the Shi’ite Houthis were the craziest Iranian proxy in the region and that getting into a tit-for-tat battle with them would go poorly for the Jewish state because they were virtually not deterrable.
As multiple experts on the Houthis have told the Post, the group spent a large number of years essentially living out of caves on the run from the then-Yemeni Sunni rulers.So taking away some of their weapons, funds, and niceties is not going to reduce their standing lower than where they have been in the past.
However, shortly after Israel’s counterstrike on Monday, in which Israeli officials bragged that this time the terror group would be without electricity for an extended period, the Houthis had returned electricity to their capital of Sanaa and fired yet another missile on Israel. Although the IDF has not provided a recent update, given that several months ago the Houthis had attacked over 400 times, it is quite possible now that this number has crossed the 500 level.But what has happened since July 2024, when the IDF started to strike back? Why has the IDF seemingly just re-struck the same targets in Hodeidah and Sanaa over and over again? Why hasn’t Israel killed the Houthi leaders as it killed the more powerful Iranian, Hezbollah, and Hamas leaders?
Top Israeli defense sources have told the Post that Yemen is a far greater challenge than some other terror groups because it is even more spread out and decentralized. Although Israeli intelligence is trying to adapt its efforts to this challenge, it started those efforts from almost zero.If the September 2024 beeper operation against Hezbollah and the June operation against Iran reflected a decade or more of planning, recruiting spies, and infiltration, for all intents and purposes, Yemen started sometime in summer 2024, the Post has learned.
The Trump administration
Along with attempts to increase Israeli intelligence’s penetration and understanding of the Houthis, once President Donald Trump won the US election in November 2024, and especially once he ordered an intensification of attacks on the Houthis when he took office in early 2025, Israeli efforts on the terror group paused in a lot of ways.Only in spring of this year, after Trump cut a side deal with the Houthis, leaving Israel to hang in the wind, did Israeli efforts return to full throttle.In other words, in many ways, Israel has still been working on decoding the Houthis for less than a year, whereas typically major penetrations and sabotage are drawn out over years or longer.In that sense, Israeli defense sources have said that Israel will need to scrape the Houthis off the Jewish state gradually, bit by bit.At the same time, there is confidence among those sources that Israeli intelligence is starting to make progress and that a significant ability to harm the Houthis could improve in the future, although Israel has not clearly confirmed killing Houthi leaders, and there have not even been any reports about such efforts in recent months.As defense sources put it, breakthroughs could take longer than Israeli leaders would like but shorter than many experts expect.While a significant additional period of time of the Houthis firing missiles at Israel sounds intolerable, the scenario probably will not play out that way.
Rather, if Trump is right, then the Gaza portion of the current war will end in the next four months or less, at which time the Houthis will stop firing.
What will be different is that even then, Israeli intelligence will not stop working on penetrating the Houthis.
Instead, learning from the complete surprise the terror group has achieved against Israel in the current war, Israel’s intelligence will doubtlessly continue its infiltration efforts. This could mean that if the Houthis stir trouble again in Israel, Jerusalem will be able to give a quick order for a much more damaging retaliation.
Alternatively, the Houthis may have fired at Israel enough times that the Jewish state may retaliate once it has achieved sufficient infiltration of the group, even if, at that point, the Iranian proxy is not specifically firing at it. This would be a more aggressive and risky move, but would be consistent with Israel’s current forward-leaning approach to deterring its foreseeable adversaries.
END
ISRAEL HOUTHIS THIS MORNING;
Israel attacks Houthis in Sanaa during terror leader’s televised speech
None of Israel’s attacks to date have succeeded at stopping Houthi missiles and drones, but also no Houthi weapon has killed an Israeli since July 2024.
A fire ball rises from the site of a previous Israeli air strike in Sanaa, Yemen August 24, 2025.(photo credit: REUTERS/STRINGER)ByYONAH JEREMY BOBAUGUST 28, 2025 17:21Updated: AUGUST 28, 2025 18:33
The Israeli air force attacked Houthi targets in Sanaa on Thursday as their leader, Abdul-Malik al-Houthi, was giving a nationally televised speech.
Sky News is reporting that the targets in Sanaa included a presidential location and a central Houthi military camp.
Defense Minister Israel Katz and IDF Chief of Staff Lt.-Gen. Eyal Zamir monitored the attack from IDF headquarters, with Prime Minister Benjamin Netanyahu following from a secure “red phone.”
The IDF confirmed that it struck targets in Sanna related to Houthi rule and governance.
However, Arab media reported that there were around 10 attacks within Sanaa.
The attacks come after the IDF shot down two drones earlier on Thursday, launched by the Houthis against Israel.
In addition, the IDF struck the Houthi capital of Sanaa, including ballistic missile sites and electricity sites on Sunday.
At least two Houthi missile launches in past week
The Houthis, for their part, fired ballistic missiles at Israel on Friday of last week and Wednesday of this week.
Yemen’s Houthis have been attacking Israel with missiles and drones since October 19, 2023, with Israel only starting counterstrikes in July 2024.
None of Israel’s attacks to date have succeeded at stopping Houthi missiles and drones, but also no Houthi weapon has killed an Israeli since July 2024.
RUSSIA VS UKRAINE
RUSSIA/UKRAINE
a big hit by Russia:
EU, UK Diplomatic Missions Hit In Russia’s 2nd Largest Assault On Kiev Of War
Thursday, Aug 28, 2025 – 10:40 AM
At least 18 Ukrainians have been killed, with the casualty figure expected to rise, after Russian missiles and drones targeted residential neighborhoods in Kiev early Thursday, which President Volodymyr Zelensky has decried as demonstrating Moscow’s contempt for ongoing efforts to forge peace talks. However, the Kremlin has blamed stalled talks on Ukraine’s own unrelenting cross-border attacks and failure to compromise.
Photos shared by Zelensky on social media showed emergency crews and residents clearing shattered glass and debris from the streets of central Kiev. One missile directly hit an apartment building, essentially splitting it in half. The assault is widely being described as the second-largest attack on the capital since the war began.
Emergency officials have said at least four children died, with the youngest two years old. An outraged Zelensky stated that “Russia opts for missiles over diplomacy. It continues its campaign of killing rather than choosing peace.”
He’s of late been urging maximal US and European sanctions to be ramped up on Russia, and for strong Western backing of his military to continue.
The capital was throughout much of the conflict largely spared from the main fighting and death and destruction, but this has been changing over the last weeks and months – in apparent retaliation for Ukraine’s increasingly brazen cross-border drone attacks on Russian energy sites and factories.
The biggest single attack on Kiev was a July missile and drone attack that killed over 30 people, including five children. This new assault saw nearly 600 projectiles launched across Ukraine, according to the Ukrainian military.
Mayor Vitaly Klitschko commented on the fresh overnight attack by saying this was chiefly ballistic and cruise missiles which did the most damage. There were also Iranian-designed Shahed suicide drones, and that they pummeled residential areas.
He detailed that a five-story residential building in the Darnytsky district collapsed and a shopping mall was also hit. Many in the sleeping city woke up under attack and rushed to the safety of subway stations underground.
Crucially the European Union’s diplomatic mission in the capital was also damaged, with European Council President Antonio Costa confirming via a photo on X that the building suffered blown-out windows and debris scattered across offices.
EU mission in Kyiv charges Russia with having targeted diplomats “in direct breach of the Vienna convention.”
“My sympathies go out to the Ukrainian victims, and to the EU delegation staff whose building was struck in this intentional Russian attack,” Costa said.
According to more via CNN, “Buildings belonging to the European Union and the British Council were damaged in the strikes into Thursday, causing both the EU and the United Kingdom to summon the top Russian diplomats in their capitals.”
British Foreign Secretary David Lammy posted on X: “Putin’s strikes last night killed civilians, destroyed homes and damaged buildings, including the British Council and EU Delegation in Kyiv.”
“We have summoned the Russian Ambassador. The killing and destruction must stop,” he added. President Trump or the White House is also likely to chime in later in the day to condemn the attack. Peace still seems very far away at this point.
And Prime Minister Kier Starmer stated, My thoughts are with all those affected by the senseless Russian strikes on Kyiv which have damaged the British Council building. Putin is killing children and civilians, and sabotaging hopes of peace. This bloodshed must end.”
end
THEN
RUSSIA UKRAINE/BIG NAVY HIT;
Russia Sinks Ukrainian Navy Vessel In First Successful Sea Drone Operation
Thursday, Aug 28, 2025 – 01:20 PM
Russia is not just making steady gains on land of late, but at sea as well. On Thursday Russian and Ukrainian media described that Russia attacked and destroyed Ukrainian Navy vessel, killing one crew member and injuring several others,
“Efforts to address the aftermath of the attack are ongoing. The majority of the crew are safe, and the search for several missing sailors continues,” Ukraine Navy spokesman Dmytro Pletenchuk told the Kyiv Independent.
Russia’s defense ministry had earlier in the day announced that a Russian naval drone hit the Ukrainian medium reconnaissance ship Simferopol near the mouth of the Danube River, after which the vessel sunk.
Ukrainian sources say that the vessel is “designed for radio, electronic, radar, and optical reconnaissance, and was armed with a 30 mm AK-306 artillery system.”
Russian state media is meanwhile hailing “the first successful use of a sea drone to take out a Ukrainian Navy vessel” – according to TASS.
According to WarGonzo, a Telegram channel, the vessel was the largest ship that Kiev had launched since the Western-backed coup in 2014.
The Simferopol “can be considered the personification of the ‘mighty’ naval forces of Ukraine,” the independent channel wrote on Thursday.
Previously in the war it was actually the Ukrainian side which showed itself most adept at deploying sea drones. Several devastating attacks on Crimean naval ships have forced Russia to transfer non-deployed navy ships to the Caspian Sea.
Purported Russian MoD video of the attack:
But Moscow is trying to ramp up its development and manufacturing of sea drones, which act as suicide drones seeking to directly impact the hulls of enemy vessels.
Ukraine has not had the naval successes it once had earlier on in the conflict, when it was probably more directly aided by US intelligence and NATO military advisers.
In a possible effort, to ‘counter’ Russia’s celebrating the ship sinking, Ukraine is now claiming a successful attack in the Sea of Azov:
There may have been a pulling back of US intelligence under the Trump administration of late, as he pushes for the sides to enter direct peace talks, but nothing is certain.
END
The Endgame Of The Ukraine War: Two Possible Scenarios
Wednesday, Aug 27, 2025 – 10:35 PM
Authored by Prof. Ruel F. Pepa via GlobalResearch.ca,
The ongoing conflict in Ukraine has captured the attention of the entire world, drawing concern, debate, and urgency from policymakers, analysts, and citizens alike.
Despite widespread awareness and ongoing efforts to seek a peaceful resolution, the ultimate outcome of this war remains shrouded in uncertainty. As the fighting persists and the stakes continue to rise, it becomes crucial to carefully examine the possible trajectories that could lead to the war’s conclusion.
In doing so, two stark and contrasting scenarios stand out as the most plausible, each representing a radically different path forward.
These scenarios are not merely hypothetical; they carry profound implications not only for Ukraine and its immediate neighbors but also for the broader stability of Europe, the security of NATO countries, and the global geopolitical order. Understanding these divergent possibilities is essential for anticipating future developments and for shaping diplomatic and strategic responses aimed at preventing further escalation or catastrophe.
Scenario One: Acknowledgment of Defeat and Surrender by the West
The first possibility hinges on a sobering and potentially unsettling reality: the Western alliance of the United Kingdom, the European Union, NATO, and the United States should finally recognize the reality that they have tragically lost the fight against Russia in Ukraine. This recognition would not be made lightly; rather, it would be the result of a combination of factors such as prolonged conflict, mounting casualties, significant resource depletion, and diplomatic fatigue that have eroded Western resolve and capacity to sustain their current level of support. Ultimately, this scenario would necessitate a formal acknowledgment of defeat, leading to a strategic and possibly humiliating surrender, signaling an end to their worthless military and political efforts to oppose Russian advances.
Such an outcome implies that the West’s military interventions, economic sanctions, and diplomatic efforts have failed to change the fundamental dynamics on the ground. The prolonged conflict, with its heavy toll on both human lives and national resources, would have culminated in a consensus that further confrontation is futile or counterproductive. Recognizing defeat would most likely lead to negotiations, compromises, and concessions that could reshape the territorial and political landscape of the region. This could include the recognition of Russian-controlled territories as part of Russia, or a negotiated settlement that cedes significant influence to Moscow.
This scenario would also entail a vital shift in regional alliances and borders, marking the end of Ukraine’s aspirations for full integration into Western institutions. It would result in a realignment of security arrangements and a recalibration of Western policies towards Russia, which would finally acknowledge Russia’s renewed regional importance and influence. Ultimately, this outcome would bring an end to active hostilities and redefine the balance of power in Europe and beyond. The global order would see a shift towards a more multipolar world, where Russia’s enhanced position influences international diplomacy and security policies for years to come.
Scenario Two: A Devastating Russian Non-Nuclear Strike
The second more provocative and alarming possibility involves Russia resorting to the use of its advanced non-nuclear weapon systems, specifically the deployment of the non-nuclear version of the Oreshnik missile system, targeting Ukraine and one aggressive NATO member country such as Germany, France, Poland, or the UK, thereby achieving a decisive and devastating victory over western aggression. This aggressive attack would be designed to inflict maximum destruction and psychological shock.
This scenario assumes that barring the possibility of the West’s surrender, Russia’s only remaining option is to escalate the conflict by deploying such a formidable weapon to indiscriminately obliterate Ukrainian infrastructure and military targets. The use of a weapon like the Oreshnik which is indubitably recognized as a highly destructive missile capable of delivering a significant payload over long distances would mark a new and dangerous phase in the conflict, aimed at delivering a crushing blow to Ukraine’s military capacity and civilian infrastructure.
The implications of such an act are profoundly chilling. It would signal a willingness by Russia to cross the threshold into large-scale destruction, possibly as a show of strength or as a means to force Western powers into concessions.
Importantly, Russia’s use of such devastating weaponry is intended not only to break Ukraine’s resistance but also to test the resolve and limits of Western alliances. It will serve as a strategic warning, demonstrating that Russia is willing to unleash destruction on a scale that could also threaten member states or their interests, thereby challenging the post-Cold War security architecture of Europe.
Crucially, such a strike on a NATO country could absolutely trigger a wave of terror and paralysis across Europe. The severity and immediacy of the attack is aimed at inducing extreme fear among European nations, potentially leading to a strategic stalemate where retaliation becomes unthinkable, either due to the devastating consequences or the chaos that ensues.
This scenario hinges on the premise that Russia’s willingness to escalate to such an extent would effectively paralyze NATO and European responses, thereby ending the war through sheer overwhelming force and fear. Simply put, such an ultimate and decisive attack would cancel all the risks of hostility escalation and broader conflict thereby inaugurating and guaranteeing global peace and security once and for all.
Potential Outcomes of the Ukraine Conflict: Pathways Toward Peace or Catastrophe
Both scenarios underscore the deeply complex and perilous nature of the Ukraine conflict, illuminating the wide spectrum of potential outcomes and the profound risks involved.
The first scenario suggests a geopolitical recognition of defeat by the West, i.e., the EU, the UK, the US, and NATO, that leads to negotiations, compromise, and a reconfiguration of regional and global power dynamics. Such an outcome will pave the way for a new geopolitical order based on diplomacy, stability, and the respect of national sovereignty thereby ending the hostilities through a negotiated settlement that preserves some degree of stability and prevents further bloodshed. This scenario emphasizes the importance of diplomatic engagement, patience, and international cooperation in steering the conflict toward a peaceful resolution, even amid ongoing hostilities.
In stark contrast, the second scenario presents a terrifying and catastrophic possibility: that the conflict escalates into extreme destruction through heightened military measures, including the use of devastating conventional or non-nuclear weapons. This path would likely result in widespread demolition and massive civilian casualties. The prospect of such escalation underscores the dangerous brinkmanship and the extremely damaging potential inherent in modern warfare, where the line between conventional and catastrophic action can become dangerously blurred. It highlights the urgent need for restraint, diplomatic dialogue, and international mechanisms to prevent the conflict from spiraling into a devastating, uncontrolled escalation that could have global repercussions.
Conclusion
As the war continues to unfold, the international community must grapple with these stark and contrasting possibilities, each representing a different endgame with profound and far-reaching consequences. The first offers a hopeful vision rooted in diplomacy and the potential for a peaceful resolution, while the second serves as a grim reminder of how escalation can lead to catastrophic destruction. The challenge lies in guiding the conflict toward the most desirable outcome: one that minimizes human suffering and preserves regional and global stability.
Ultimately, the hope remains for a peaceful resolution, ideally achieved through the formal surrender of the obvious losers, i.e., the EU, the UK, the US, and NATO, thereby preventing the horrific outcome envisioned in the second scenario. Such a resolution would require steadfast diplomatic efforts, international cooperation, and a shared commitment to peace. It is essential that all parties prioritize negotiations and constructive engagement to avoid the devastating consequences of escalation, ensuring that the conflict ends not in destruction and chaos, but in a way that safeguards human lives, regional stability, and global security. Only through such concerted efforts can the international community hope to steer the course of this conflict away from catastrophe and toward a sustainable peace.
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
HUGE STORY:
FDA Revokes Emergency Authorization for COVID-19 Vaccines
The vaccines are still cleared for a number of Americans under regulatory approval.
The U.S. Food and Drug Administration building in White Oak, Md., on June 5, 2023. Madalina Vasiliu/The Epoch Times
Senior Reporter
8/27/2025|Updated: 8/28/2025
Federal regulators have revoked emergency authorization for COVID-19 vaccines, according to documents made public on Aug. 27.
The Food and Drug Administration withdrew the emergency authorizations for vaccines from Pfizer-BioNTech, Moderna, and Novavax.
Dr. Vinay Prasad, the FDA’s top vaccine official, said in memorandums that the withdrawals were happening in part due to the FDA recently extending approval for Moderna’s vaccine to individuals as young as six months of age who were targeted by the emergency authorizations.
The FDA first issued emergency authorizations for COVID-19 vaccines in late 2020, on the basis of COVID-19 constituting an emergency and there being no available approved products to prevent the illness.
“The emergency use authorizations for Covid vaccines, once used to justify broad mandates on the general public during the Biden administration, are now rescinded,” Health Secretary Robert F. Kennedy Jr., the head of the Department of Health and Human Services (HHS), said on X on Aug. 27.
At the same time, the FDA, which is part of HHS, approved the Pfizer COVID-19 vaccine for older adults as well as children as young as 5 years of age who have at least one condition that officials say puts them at higher risk of severe COVID-19 outcomes.
Pfizer noted the development in a brief statement. Pfizer, Moderna, and Novavax said their shots would be available soon.
Regulators previously issued similar approvals for two COVID-19 vaccines from Moderna and one COVID-19 vaccine from Novavax.
“We are proud to help ensure Americans will have the latest protection against currently circulating strains this respiratory virus season,” Stephane Bancel, Moderna’s CEO, said in a statement.
Those approvals diverged from previous approvals, which had not limited access to any populations save for infants less than 6 months old.
Combined, the actions mean that FDA clearance is no longer in place for an estimated 240 million Americans, although doctors could still provide the vaccines off-label to those people.
Insurers may not cover vaccines administered off-label, according to health groups. “We are committed to ongoing coverage of vaccines to ensure access and affordability for this respiratory virus season,” AHIP, an insurer trade association, said in a previous statement.
Kennedy stated that “These vaccines are available for all patients who choose them after consulting with their doctors.”
Per federal law, the FDA approves products it determines are “safe, pure, and potent.” Emergency authorizations, in contrast, can be offered only under certain circumstances, such as during a public health emergency, and are for products that officials believe “may be effective” in treating or preventing a life-threatening disease or condition.
Updated Approvals
Dr. Marty Makary, the FDA’s commissioner, and Prasad, its top vaccine official at the time, signaled the change in May, when they said that the FDA would stop approving COVID-19 vaccines for many Americans absent clinical trial data.
“The FDA can only approve products if it concludes, based on scientific evidence, that the benefit-to-harm balance is favorable. And we simply need more data to have that confidence for younger individuals at low-risk of severe disease,” Prasad said at the time.
In the United States, regulators in recent years have been authorizing updated COVID-19 vaccines annually in a bid to counter waning effectiveness and better match circulating variants. The model is based on the historical approach to influenza vaccines.
Regulators in 2024 cleared updated shots from Moderna, Pfizer, and Novavax without human data, citing animal tests and data from trials for previous versions.
Most Americans have not taken one of those COVID-19 vaccines. Just 13 percent of children and 23 percent of adults had received one of them as of April 26, according to the latest statistics available from the Centers for Disease Control and Prevention.
Makary and Prasad also said they would continue approving updated versions of the COVID-19 vaccines for all individuals 65 and older, as well as younger people with one or more of the risk factors that increase the likelihood of severe COVID-19 outcomes. These approvals would be based solely on immunobridging data, or testing that shows that vaccines trigger an antibody response against the disease.
Around that time, the FDA approved Novavax’s vaccine, previously under emergency use authorization, for people 65 and older, and for individuals ages 12 to 64 with at least one risk factor. More recently, the agency approved a new Moderna vaccine for the same populations, and Moderna’s existing vaccine for the elderly and for individuals aged 6 months to 64 years who have at least one risk factor.
The new approval of Pfizer’s vaccine is for the elderly and people aged 5 to 64 who have one or more risk factors, Pfizer said.
That means Moderna’s vaccine is the only one available for infants and toddlers, as had been expected.
While Moderna and Novavax did not protest the move, Pfizer conveyed concerns, including how there will be only one vaccine, from Moderna, available for children aged 4 and younger, according to the FDA.
Prasad said in one of the memos that “Pfizer has not identified any evidence showing that the manufacturer of the currently-approved COVID-19 vaccine for this age group is unable to supply the relevant population.”
Change in Recommendations
The revocations come several months after the CDC changed its COVID-19 recommendations.
The agency had for years advised all individuals aged 6 months and older to receive a COVID-19 vaccine.
The updated schedules no longer recommend COVID-19 vaccination for healthy children and pregnant women.
The American Academy of Pediatrics recently recommended that all children aged 6 months to 23 months receive a COVID-19 vaccine, while the American College of Obstetricians and Gynecologists advised all pregnant women to get one.
Regulators cited the public health emergency over COVID-19 in their most recent emergency authorizations for the COVID-19 vaccines in 2024. Then-Health Secretary Xavier Becerra on Jan. 1 extended the COVID-19 health emergency to Dec. 31, 2029.
Kennedy said on Wednesday that he promised to end COVID-19 vaccine mandates, to keep vaccines available to people who want them, to require placebo-controlled trials, and to “end the emergency.” The FDA actions “accomplished all four goals,” he said.
end
they are cleaning house!!
CDC Director Susan Monarez Ousted In Vaccine Policy Clash With RFK Jr.; Four Top Officials Quit In Leadership Crisis
Thursday, Aug 28, 2025 – 08:05 AM
Department of Health & Human Services announced on X late Wednesday that Susan Monarez, the first Senate-confirmed director of the Centers for Disease Control and Prevention (CDC), is “no longer director of the CDC.”
Monarez appears to have been ousted after a month on the job, which sparked the resignation of four other senior CDC officials.
According to a New York Times report, Monarez “clashed with the secretary over vaccine policy,” which ultimately led to her firing.
Hours after HHS’ X post, attorneys Mark Zaid and Abbe Lowell wrote on the social media platform that Monarez “has neither resigned nor received notification from the White House that she has been fired, and as a person of integrity and devoted to science, she will not resign.”
The leadership crisis unfolding at the CDC coincided with the Food and Drug Administration’s announcement of new limits on Covid vaccines – and just days after vaccine-pusher Bill Gates met with President Trump at the White House.
Recall that Monarez previously stated, “Vaccines save lives,” and championed mRNA shots.
The X account “Died Suddenly” published a profile of Monarez, offering readers a snapshot of her background and political leanings
NEW: Susan Monarez was fired as CDC Director for trying to keep mRNA shots on the recommended childhood vaccine schedule and saying “vaccines save lives”
Monarez has a long history of connections to Bill Gates and his foundation, such as her time at Stanford for postdoctoral research where she worked in a department chaired by Mark Davis, who went on to receive $50M from Gates before the pandemic to create vaccines and found the university’s Human Systems Immunology Center.
Monarez also served at the deputy director of ARPA under Bisen and oversaw a partnership with a biotech firm called Ginkgo Bioworks. This firm was underwritten by a Gates-controlled investment firm, Cascade Investment.
Confirmation of Monarez’s vaccine-obsessed views came from White House spokesperson Kush Desai, who told Axios News in a statement: “As her attorney’s statement makes abundantly clear, Susan Monarez is not aligned with the President’s agenda of Making America Healthy Again.”
Desai added: “Since Susan Monarez refused to resign despite informing HHS leadership of her intent to do so, the White House has terminated Monarez from her position with the CDC.“
Let’s remind readers that the globalists have captured the CDC:
At least four other CDC officials resigned on Wednesday in a massive leadership shakeup at the agency: Dr. Debra Houry, the CDC’s chief medical officer; Dr. Demetre Daskalakis, director of the National Center for Immunization and Respiratory Diseases; Dr. Daniel Jernigan, the director of the National Center for Emerging and Zoonotic Infectious Diseases; and Dr. Jennifer Layden, director of the Office of Public Health Data, Surveillance and Technology.
The big leadership shakeup at the CDC, days after Gates’ visit to the White House, only suggests that HHS Secretary Robert F. Kennedy Jr.’s team is cleaning house.
end
ROBERT H: ON THE ABOVE
Is the house of cards falling?
| 1:50 PM (56 minutes ago) | |||
to | |||
The FDA has officially revoked the Emergency Use Authorization for the COVID injections. The very same experimental products they forced on the world — now stripped of their emergency status.
The CDC Director has been FIRED after clashing with RFK Jr. over vaccine policy. She tried to resist the changes, and she’s gone.
And on top of that, multiple senior CDC officials have RESIGNED, including those in charge of the vaccine programs. One by one, the pillars of the COVID regime are collapsing.
For years, they told us the shots were “safe and effective.”
For years, they censored, coerced, and destroyed lives.
Now what will they say?
END
MARK CRISPIN MILLER
Diana Ross “abruptly cancels” cruise ship appearance (“unforeseen circumstances”); Beach Boys cancel concert (“unforeseen circumstances”); DE: Bjorn Vido cancels all appearances; IT: Gaia cancels tour
Raudiver cancels shows due to “large mass” in Charlie Eddy’s brain; UK: cyclist Max Poole pulls out of race due to disabling EBV; SK: comic Park Mi-sun cancels all TV appearances; more
| Mark Crispin MillerAug 28 |
Further indications of the likely global toll of COVID “vaccination,” based on the reports collected by our worldwide team of researchers.
To help support our work, consider subscribing or making a donation.
Diana Ross, 81, Sparks Health Fears After Iconic Singer Abruptly Cancels Cruise Ship Appearance ‘Due to Unforeseen Circumstances’
August 14, 2025
Diana Ross has sparked fears for herself after she abruptly canceled a scheduled cruise ship appearance due to “unforeseen circumstances,” RadarOnline.com can reveal. Ross, 81, was tapped to serve as the “godmother” at the naming ceremony for Royal Caribbean’s Icon Class ship in June. Last minute, a representative for the I’m Coming Out singer announced she would no longer be able to participate in the Star of the Seas showcase later this month. The singer was supposed to kick off the Star of the Seas showcase in Port Canaveral, Florida, on August 20. The three-day cruise would then bring guests to the cruise line’s private Perfect Day at CocoCay waterpark in the Bahamas. One week before the ship sets sail, Ross’ rep reportedly said in a statement: “Due to unforeseen circumstances, Diana Ross will be unable to appear.”
Researcher’s Note – Diana takes precautions when she goes out in public during covid era. Rare sighting of Diana Ross, 78, as she is seen with extra protection against new variant rise: Link
The Beach Boys cancel Alaska State Fair performance
August 23, 2025
The Beach Boys performance at the Alaska State Fair has been canceled.
The group was scheduled to perform Monday.
According to the Alaska State Fair, the band canceled because of “unforeseen circumstances” that are beyond the band and the fair’s control, but the band looks forward to returning to the Alaska State Fair in the future.
Indie Galveston duo Raudiver were on their way up. Then came the tumor
August 24, 2025
As 2024 turned into 2025, things were looking up for Raudiver. The chill darkwave or dark chillwave (take your pick) duo of Galveston spouses Charlie and Lauren Eddy had released their debut LP, Leave Before Dark, and toured with Temptrix, one of Texas’ hottest darkwave acts. Houston Chronicle pop critic Joey Guerra named the album one of the year’s 10 best local releases. (No. 6, to be exact.) Then, in early February, it all ground to a halt. Charlie suffered a seizure; doctors discovered a large mass in his brain. He was hospitalized for close to three weeks. Raudiver had to cancel upcoming shows in Austin, San Antonio, and San Marcos, as well as the band’s first-ever unofficial SXSW performance at a “Texas Goth” showcase. The biopsy revealed a Grade 4 glioblastoma, a notoriously aggressive type of brain tumor. (”The Big Bad,” the Eddys labeled it on social media.) It affects the part of the brain that controls reading, writing, and speech, as well as Charlie’s visual processing and arithmetic skills. Doctors continually fine-tune his medications; he is prone to seizures and falls. Swelling in his brain persists. Charlie has since undergone surgery, which removed 95 percent of the mass (while he was still awake), and radiation therapy. He’s on two types of chemotherapy that are “pretty hard on your body,” he told Chron last week. There have been further hospitalizations. The prognosis is about two years. But he enrolled in one of MD Anderson’s experimental clinical trials anyway—not expecting a miracle, necessarily, but just in case.
No age reported.
UNITED KINGDOM
Max Poole out of Vuelta a España and all upcoming racing after Epstein-Barr virus diagnosis
August 20, 2025
Great Britain’s Max Poole (Picnic PostNL) has been ruled out of the Vuelta a España, all upcoming racing and training after being diagnosed with Epstein-Barr virus (EBV) and glandular fever, also known as mononucleosis. Poole had been set to target the GC at the Spanish Grand Tour after finishing 11th overall at the Giro d’Italia earlier this year, but has struggled with his health while preparing for the race. In a short statement released on Wednesday, Picnic PostNL said that Poole “wasn’t reacting positively to training” and abandoned the recent Tour de Pologne to undergo further investigations, which found he has Epstein-Barr virus. “Sadly, this means he’ll need a longer period of rest while we work on getting him back to full health. Now we know what’s behind his symptoms, we can start moving in the right direction with his recovery.” With the 22-year-old on an upwards GC trajectory this year, it is disappointing for him to miss the final Grand Tour of the season, and miss the chance to repeat the kind of heroics his teammate Oscar Onley displayed at the Tour de France, finishing fourth.
DENMARK
Musician Bjorn Vido ‘critical’ after suffering two heart attacks
August 21, 2025
The Music in Space Tour has been brought to a halt as musician and climate activist Bjorn Vido [58] recovers after suffering two heart attacks. The Danish musician was set to host the open air event featuring artists from Rwanda, South Africa and Uganda on Saturday. A statement shared on his social platform on Thursday said Bjorn was in a “critical condition” after suffering two heart attacks. “His doctors have advised that he cannot participate in any events until he has made a full recovery. Bjorn is not only the organiser of this show but also a key figure in its production, including the exclusive short film on climate change and conservation that was to be premiered, a special performance from him.” The concert has been postponed to a date still to be announced.
ITALY
Gaia suffers a sudden illness, cancels her concert in Sardinia: “My body has decided to play nasty tricks.”
August 20, 2025
A bolt from the blue for Gaia’s fans: the 27-year-old Italian-Brazilian singer has announced the cancellation of her Summer 2025 Tour scheduled for today, August 20, in Piazza del Minatore in Gonnesa, Sardinia. The cause? A sudden illness that forced the artist to take a break, as she herself announced in a touching message on social media. “Dears, my body has decided to play nasty tricks right now, and tomorrow’s show in Piazza del Minatore in Gonnesa has unfortunately been canceled. I really wanted to do it, and I’m terribly sorry. I promise I’ll be back very soon to recover properly,” Gaia wrote on Instagram, affectionately addressing her supporters. T
SOUTH KOREA
Comedian Park Mi-sun halts TV activities after early-stage breast cancer diagnosis
August 22, 2025
Comedian Park Mi-sun has halted her broadcasting activities after being diagnosed with early-stage breast cancer, industry insiders said Friday. Her condition is “not severe,” according to her agency. Park, 58, learned of the illness during a routine medical checkup earlier this year. She has completed a round of radiation treatment and is continuing with medication, according to people familiar with her condition.
JAPAN
Rikako Aida Diagnosed with Pneumonia, Suspends Appearances on Scheduled Programs
August 18, 2025
Voice actress Rikako Aida [33], best known for her role as Riko Sakurauchi in Love Live! Sunshine!!, has been diagnosed with pneumonia. Her agency, Ken Production, announced on August 18 via its official X account that Aida has been instructed by her doctor to rest at home for one week.
DR PAUL ALEXANDER
RFK Jr. moving to clean up CDC but these are people they hired so what is going on up in there? Is this CDC Trump term one when entire CDC including Redfield was conspiring against Trump to hurt him?
I think subversion on Trump continues and this is worrying, this new machination spell trouble, CDC seems adrift, listing; “New C.D.C. Director Resists Ouster as Other Officials Resign; Monarez
| Dr. Paul AlexanderAug 28 |
IMO, CDC must be taken down to the studs, stripped down, shut 98% of it down, pure down. It is a corrupt agency, political. It is DOA.
Start anew.
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
‘The director of the Centers for Disease Control and Prevention is refusing to leave her post, despite demands from Health Secretary Robert F. Kennedy Jr. that she quit or be fired, according to her lawyers and an administration official familiar with the events.
The clash between Mr. Kennedy and Susan Monarez, who was sworn in as C.D.C. director just one month ago, burst into public view on Wednesday as four other high-ranking C.D.C. officials quit en masse, apparently in frustration over vaccine policy and Mr. Kennedy’s leadership.
Late Wednesday afternoon, the Department of Health and Human Services announced on X that Dr. Monarez was “no longer” director of the C.D.C.’
‘Hours later, Abbe David Lowell and Mark S. Zaid, high-profile lawyers, disputed the department’s account, saying Dr. Monarez “has neither resigned nor received notification from the White House that she has been fired, and as a person of integrity and devoted to science, she will not resign.”
Mr. Kennedy and his department, they said, “have set their sights on weaponizing public health for political gain and putting millions of American lives at risk.”
Neither Dr. Monarez nor the H.H.S. responded to requests for comment.
‘Dr. Monarez and Mr. Kennedy were at odds over vaccine policy, according to an administration official who is familiar with the events.’
‘The official, who spoke on condition of anonymity for fear of retribution, said Mr. Kennedy summoned Dr. Monarez to his office on Monday and demanded that she resign. When she refused, Mr. Kennedy demanded that she remove the agency’s top leadership by the end of the week.’
Dr. Monarez then called Senator Bill Cassidy, the Republican chairman of the Senate health committee, who in turn called Mr. Kennedy, according to the official. Mr. Kennedy, furious, summoned Dr. Monarez to a second meeting on Tuesday and accused her of “being a leaker,” according to the official, and told her she would be fired.’
The official said Dr. Monarez spoke to other senators as well. On Wednesday, a White House official told Dr. Monarez that if she did not resign by the end of the day, President Trump would terminate her.
The four high-ranking agency officials who did resign are Dr. Debra Houry, the C.D.C.’s chief medical officer; Dr. Demetre Daskalakis, who ran the center that issues vaccine recommendations; Dr. Daniel Jernigan, who oversaw the center that oversees vaccine safety; and Dr. Jennifer Layden, head of the office of public health data.
Some cited an increasingly tense environment within the administration that had become intolerable.
“I am not able to serve in this role any longer because of the ongoing weaponization of public health,” Dr. Daskalakis wrote in an email to colleagues, adding that they “continue to shine despite this dark cloud over the agency and our profession.”
Dr. Jernigan was deeply involved in the agency’s response to anthrax, swine flu and Covid; Dr. Daskalakis helped the nation cope with an mpox outbreak; Dr. Layden led the data office; and Dr. Houry built the agency’s opioid response program.
Former C.D.C. leaders said the departures would harm the agency and the nation.
Dr. Mandy Cohen, who ran the agency during the second half of the Biden administration, called the officials “exceptional leaders who have served over many decades and many administrations,” and warned that “the weakening of the C.D.C. leaves us less safe and more vulnerable as a country.”
___
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
Enter the Wellness Company as a solution and a willing participant in the health care conversation. The Wellness Company, launched in 2022, offers health care, prescriptions, and supplements, all backed by research
The Wellness Company isn’t chasing profits — it’s trying to help people recover. While the government continues pushing vaccines, The Wellness Company is focusing on real solutions.
From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.
Please consider support of a good PATRIOT company (in this PATRIOT economy) Drs. McCullough, Risch, Thorp, myself support (they are our sponsors), The Wellness Company; see the emergency preparation kit (key component being antibiotics you were denied by doctors, pharmacists, governments during the fraud COVID), first aid kit, travel emergency kit, contagion control kit etc. Please consider the SPIKE SUPPORT (spike protein DETOX dissolving spike from mRNA vaccine, this is critical to remove spike form the mRNA vaccine/and DNA viral vector) formula with NATTOKINASE as well as the triple formula (SPIKE SUPPORT, BROMELAIN, CIRCUMIN)
NEWS ADDICTS
| LATEST NEWS |
| Trump Taps MAGA Loyalist for Powerful PositionPresident Donald Trump has appointed Dan Scavino, his longest-serving aide, to head the White House Presidential Personnel Office, giving him authority over staffing decisions across the administration. The move follows the departure of Sergio Gor, the previous officeholder, who was nominated to serve as U.S. ambassador to India. Scavino has been a fixture in Trump’s orbit since 2015, beginning as Director of …READ MORE |
| U.S. Coast Guard Makes History With Unprecedented OperationThe U.S. Coast Guard reached a historic milestone on Monday by offloading more than 76,000 pounds of illicit drugs at Port Everglades, Florida, with an estimated street value of $473 million. The haul included roughly 61,740 pounds of cocaine and 14,400 pounds of marijuana, marking the largest drug offload in Coast Guard history. The massive seizure was the result of 19 coordinated …READ MORE |
| Trump Judge Deals Devastating Blow to Admin’s Pivotal LawsuitA federal judge has dismissed a lawsuit filed by the Trump administration targeting all judges of the U.S. District Court for the District of Maryland over a standing order that automatically pauses deportations for illegal immigrants who file habeas corpus petitions. The ruling reinforces judicial discretion and highlights the limits of executive action in immigration enforcement. U.S. District Judge Thomas Cullen, a …READ MORE |
| Son of UFC Legend Faces Investigation After Shocking Ring AttackRaja Jackson, son of former UFC light heavyweight champion Quinton “Rampage” Jackson, is under investigation after a shocking incident at a Los Angeles wrestling show left one performer hospitalized with serious injuries. The event, held by KnokX Pro Wrestling Academy in Sun Valley, quickly escalated when Jackson entered the ring during a match and delivered repeated blows to a fellow wrestler.Video …READ MORE |
| Newsom Strikes at DeSantis, Gets Destroyed in Brutal TakedownFlorida Gov. Ron DeSantis (R) responded sharply to a meme posted by California Gov. Gavin Newsom’s (D) campaign team, which suggested that Florida’s homicide rates in Miami were DeSantis’ responsibility. The meme, shared on Saturday, paired DeSantis’ face with statistics from Miami—a city outside his direct control—drawing widespread attention. DeSantis addressed the meme during an interview on Fox News with host Sean …READ MORE |
NEWSWIZE
| LATEST REPORTS FOR NEWS JUNKIES |
| Trump Calls for George Soros and His Son to Be Charged with RICOPresident Donald Trump on Wednesday escalated his attacks on billionaire George Soros, warning on social media that he is “watching” Soros and accusing him of funding groups tied to violent protests in the United States.In a post on Truth Social, Trump claimed Soros and his “group of psychopaths,” which he said included “Crazy, West Coast friends,” have done “great damage” …READ THE FULL REPORT |
| What We Know About Minnesota School Shooting Suspect Robin WestmanAuthorities have identified the shooter responsible for Wednesday’s deadly attack at Annunciation Church and Catholic School as 23-year-old Robin Westman, formerly known as Robert Westman.Shooter’s IdentityCourt records show that Westman legally changed his name at age 17 in 2020 after stating he identified as female. He was a Minnesota resident with no prior serious criminal record reported publicly at this …READ THE FULL REPORT |
| 2 Children Killed and 17 Injured in Minneapolis Catholic School ShootingA 23-year-old gunman opened fire with multiple weapons on children and parishioners attending morning Mass at Annunciation Catholic School on Wednesday, killing two children and wounding 17 others before taking his own life, authorities said.Minneapolis Police Chief Brian O’Hara said the shooter, identified as Robin Westman, approached the side of the church around 8:30 a.m. and fired dozens of rounds …READ THE FULL REPORT |
| Judge Rules Kilmar Abrego Garcia Can’t Be Deported Until at Least OctoberAccused MS-13 gang member Kilmar Abrego Garcia cannot be deported to Uganda until at least October, after a federal judge issued a new order on Wednesday.U.S. District Judge Paula Xinis, an Obama appointee, set an evidentiary hearing for Oct. 6, CNN reported.The ruling follows her earlier decision to pause the Trump administration’s plan to deport Abrego Garcia until he is …READ THE FULL REPORT |
| Democrats Flip Iowa Senate Seat and Break GOP SupermajorityDemocrat Catelin Drey won a special election Tuesday to fill an open state Senate seat, defeating Republican Christopher Prosch and breaking the GOP’s supermajority in the chamber for the first time in three years. According to unofficial results from the Woodbury County Auditor’s Office, Drey captured 55% of the vote in the race to replace late Republican Sen. Rocky De …READ THE FULL REPORT |
| LATEST NEWS |
| Fox News Host Ignites Backlash With Stunning Claims Amid Catholic School ShootingFox News analyst and former Congressman Trey Gowdy (R-SC) has come under fire after making misleading statements about mass shootings during a discussion about the tragedy at Annunciation Catholic School in Minneapolis. The Wednesday morning attack left two children dead and 17 others injured when a 23-year-old trans-identifying individual, Robin Westman, opened fire during a school-wide mass before taking his own …READ MORE |
| CDC director Susan Monarez fired after less than one month on the jobDr. Susan Monarez has been abruptly fired from her role as Director of the Centers for Disease Control and Prevention (CDC), lasting less than a month in the position. Multiple outlets including CNN, The Washington Post, and The Hill confirmed her ouster, with the Department of Health and Human Services (HHS) issuing a brief statement on Tuesday. “Dr. Susan Monarez …READ MORE |
| Red State Judge Issues Jaw-Dropping Decision Involving Controversial College DisputeA federal judge has dismissed a lawsuit filed by former members of the Kappa Kappa Gamma chapter at the University of Wyoming after the sorority admitted a trans-identifying man, Artemis Langford, in 2022. Judge Alan Johnson of the U.S. District Court for the District of Wyoming dismissed the case with prejudice Friday, effectively preventing the plaintiffs from refiling the same claims. The …READ MORE |
| Blue City Mayor Sparks Outrage Over Shocking Response to Catholic Church School ShootingMinneapolis, Minnesota, Mayor Jacob Frey (D) is facing intense criticism after rejecting the traditional “thoughts and prayers” in response to the mass shooting at Annunciation Catholic School, where two young children were killed and 17 others injured, including 14 students. The attack occurred during the school’s start-of-year mass, just two days after classes began, as Resist the Mainstream covered earlier. Speaking at …READ MORE |
| Watchdog Group Exposes Hidden Hiring Scam: ReportHigh-paying job openings at major U.S. companies are reportedly being funneled toward foreign applicants, leaving qualified American workers in the dark. A new initiative, Jobs.Now, is aiming to change that by uncovering hidden Permanent Labor Certification (PERM) positions and making them accessible to domestic candidates. The effort began after independent investigators identified patterns suggesting some employers post job listings in obscure locations … |
EVOL NEWS
MICHAEL EVERY/OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
The Firing Spree Continues
Thursday, Aug 28, 2025 – 12:20 PM
By Philip Marey, senior US strategist at Rabobank,
The 10 year US treasury yield has fallen back to 4.22%, after peaking at 4.31% on Tuesday, so the impact of President Trump’s attempt to fire Lisa Cook has remained modest. Meanwhile, Trump is continuing his firing spree.
On Wednesday, he first fired Robert Primus, a member of the Surface Transportation Board, the regulator of the railroad industry, that is weighing the proposed megamerger between Union Pacific and Norfolk Southern. In 2023, Primus, a Democrat, was the only member on the board to oppose a merger between Canadian Pacific and Kansas City Southern. Yesterday afternoon, he received an email from the White House Presidential Personnel Office that his position was terminated, effective immediately, without explanation. He was removed from the Board’s website. However, he planned to challenge his termination. So this is one for the courts again. On Wednesday evening, the White House said it had fired Susan Monarez, the director of the Centers for Disease Control and Prevention (CDC). She has been in office for less than a month, but clashed with Health and Human Services Secretary Robert F. Kennedy Jr. over the CDC’s guidance on vaccines. Monarez was notified by a White House staffer that she was fired. Her lawyers said that only the President himself can fire her, so they reject the notification as legally deficient.
While President Trump’s attempt to fire Lisa Cook is heading for the courts, he is wasting no time in preparing her replacement on the Board. In fact, he wants to announce a nominee soon. On Tuesday he said “we have some very good people for that position.” Keep in mind that Treasury Secretary Scott Bessent is overseeing the selection process for the new Fed Chair. This is providing the White House with a shortlist to fill any vacancy at the Fed, such as those for Governors and regional Fed presidents (although the legal path for the latter remains unclear). What’s more, Trump’s nominee for Adriana Kugler’s seat on the Board, Stephen Miran, could also be directed toward the possible Cook vacancy. As Trump put it on Tuesday: “We might switch him to the other – it’s a longer term.” In the meantime, Senate hearings for Miran’s nomination to replace Kugler are expected next week.
Yesterday, Treasury Secretary Scott Bessent repeated his call for Fed Chair Jerome Powell to conduct an internal review that should include things like Lisa Cook’s mortgage fraud allegations. Talking to Fox Business, Bessent said “I’ve encouraged Chair Powell to do this on an internal basis before there is an external review.”
This week’s events underline our view that the FOMC may continue to resist delivering the amount of rate cuts that President Trump desires this year, but next year it will be increasingly difficult to keep White House influences from policy rate decisions. In the near term, we expect a rate cut in September, and then it depends on the data whether we are going to see a second one before the end of the year. Evidence of higher inflation could delay the Fed this year, while signs of labor market deterioration are likely to strengthen the case for rate cuts. However, next year the data are likely to matter less in monetary policy decisions and we expect the pace of the cutting cycle to pick up. What’s more, as we discussed in our Jackson Hole comment, we are likely see a major overhaul of the Fed. Stephen Miran is not going to the Fed just to vote for rate cuts, more importantly he is sent there by Trump as a quartermaster for the MAGA makeover.
Meanwhile, New York Fed President John Williams, in an interview with CNBC, said that the September meeting is a “live” one. He said that from his perspective every meeting is live, as the FOMC are getting the risks more in balance. Williams, who is a permanent voter in the FOMC, did not indicate whether he would support a rate cut next month. On Monday, he said that the era of low r-star appears far from over, referring to global demographic and productivity trends that have not reversed. This would imply that he still sees ample room for cutting rates.
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS THURSDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1637 DOWN 0.0009 PTS OR 9 BASIS POINTS
USA/ YEN 147.32 UP 0.025 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 1.3489 DOWN .0014 OR 14 BASIS PTS
USA/CAN DOLLAR: 1.3781 DOWN 0.0004 (CDN DOLLAR UP 4 BASIS PTS)
Last night Shanghai COMPOSITE UP 43.25 PTS OR 1.14%
Hang Seng CLOSED DOWN 202.44 PTS OR 0.81%
AUSTRALIA CLOSED UP 0.11%
// EUROPEAN BOURSE: MOSTLY ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: MOSTLY ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 202.94 PTS OR 0.81%
/SHANGHAI CLOSED UP 43.25 PTS OR 1.14%
AUSTRALIA BOURSE CLOSED UP 0.11 %
(Nikkei (Japan) CLOSED UP 308.52 PTS OR 0.73%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 3395.00
silver:$38.83
USA dollar index early THURSDAY morning: 98.10 DOWN 2 BASIS POINTS FROM WEDNESDAY’s CLOSE
THURSDAY MORNING NUMBERS ENDS
And now your closing THURSDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.157% DOWN 2 in basis point(s) yield
JAPANESE BOND YIELD: +1.617% DOWN 1 FULL POINTS AND 40/100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.312 DOWN 1 in basis points yield
ITALIAN 10 YR BOND YIELD 3.585 DOWN 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.7095 DOWN 1 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY THURSDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1662 UP 0.0015 OR 15 basis points
USA/Japan: 147,18 DOWN 0.151 OR YEN IS UP 15 BASIS PTS//
Great Britain 10 YR RATE 4.7200 DOWN 2 BASIS POINTS //
Canadian dollar UP .0017 OR 17 BASIS pts to 1.3778
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY DOWN AT 7.1310 CNY ON SHORE ..
THE USA/YUAN OFFSHORE UP TO 7.1250
TURKISH LIRA: 41.04 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.617
Your closing 10 yr US bond yield UP 1 in basis points from WEDNESDAY at 4.243% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.910 DOWN 1 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.648 UP 2 BASIS PTS.
GOLD AT 11;00 AM 3405,40
SILVER AT 11;00: 38.95
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: THURSDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 38.68 PTS OR .42%
GERMAN DAX: DOWN 6.29 pts or 0.03%
FRANCE: CLOSED UP 18.67 pts or 0.24%
Spain IBEX CLOSED UP 50.50 pts or 0.34%
Italian MIB: CLOSED UP 97.69 or 0.23%
WTI Oil price 63.07 11.00 EST/
Brent Oil: 67.75 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 80.49 ROUBLE DOWN 0 AND 14/ 100
CDN 10 YEAR RATE: 3.450 UP 0 BASIS PTS.
CDN 5 YEAR RATE: 2.958 UP 0 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1684 UP 0.0036 OR 36 BASIS POINTS//
British Pound: 1.3513 UP .0009 OR 09 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.6990 DOWN 5 FULL BASIS PTS//
JAPAN 10 YR YIELD: 1.610 DOWN 1.5 FULL BASIS PTS
USA dollar vs Japanese Yen: 146.91 DOWN 0.425 BASIS PTS
USA dollar vs Canadian dollar: 1.3752 DOWN 0.0029 BASIS PTS// CDN DOLLAR UP 29 BASIS PTS
West Texas intermediate oil: 64.38
Brent OIL: 68.28
USA 10 yr bond yield DOWN 3 BASIS pts to 4.212
USA 30 yr bond yield DOWN 3 PTS to 4.882%
USA 2 YR BOND: UP 2 PTS AT 3.639%
CDN 10 YR RATE 3.432 DOWN 2 BASIS PTS
CDN 5 YEAR RATE: 2.945 DOWN 1 BASIS PTS
USA dollar index: 97.78 DOWN 35 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 41.03 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 80.65 DOWN 0 AND 30/100 roubles //
GOLD $3420.10 . (3:30 PM)
SILVER: 39.06 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 71.,67 OR 0.16%
NASDAQ 100 UP 137.61 PTS OR 0.58%
VOLATILITY INDEX: 14.28 DOWN 0.57 OR 3.84%
GLD: $ 315.03 UP 2.32 PTS OR 0.74%
SLV/ $35.52 UP 0.53 PTS OR OR 1.51%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 10.39 PTS OR 0.04%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
‘Fear Or No Fear’: VIX Tumbles To 2025 Lows As Gold Nears Record Highs
Thursday, Aug 28, 2025 – 08:00 PM
With NVDA behind us, VIX (the fear/greed index) has tumbled to its lowest levels of 2025 (despite the cries of panic over Fed independence, tariff turbulence, illegals impacting labor markets, Trump’s industrial policy, etc etc)…
Source: Bloomberg
At the same time, perhaps the ultimate ‘fear’ index – gold – is pushing back up near record highs…
Source: Bloomberg
So, WTF is going on. VIX is pressured by the ongoing flood of vol-sellers and momo chasers. Remember, specs are record-short VIX futures currently…
Source: Bloomberg
That won’t end well (and seasonals are not in your favor here)…
Source: Bloomberg
In fact, after NVDA reported results last night, the stock is down less than 1% (a nothingburger relative to its average realized move of +/-5.9% on the past 8 NVDA earnings reports)…
Overall, our ‘uncertainty’ index (aggregating global trade policy fears and geopolitical angst) is pushing down to its lowest levels since the start of the year…
Source: Bloomberg
But, as we noted yesterday, if you’re claiming that Trump’s actions are driving the US down the drain (and upsetting the world’s bond investors as The Fed’s so-called ‘independence’ comes under question), then why is the market pricing in the lowest level of forward-looking sovereign risk for USA credit since Trump was elected?
Source: Bloomberg
Oh, and one more thing, funny how quiet the nattering nabobs on CNBC were about the fact that the yield curve flattened dramatically today when all week they have been pointing to its steepening as a signal of the market’s ire against Trump firing a mortgage cheat…
Source: Bloomberg
So, with that off our chests, today saw Q2 GDP revised higher (consumption higher and inflation lower), strong jobless claims, and pending home sales annual growth turn positively (but only barely), pushing rate-cut odds down very modestly…
Source: Bloomberg
The lack of real pain for NVDA prompted strength in mega-cap tech (keeping the AI dream alive) supporting Nasdaq’s outperformance today while The Dow and Small Caps eked out modest gains too with some late-day panic buying…
Mag7 outperformed S&P 493 as the AI narrative was reignited…
Source: Bloomberg
Momentum traders had their 4th best day of the year with momo longs (up over 2%) massively outperforming momo shorts (which also rallied)
Source: Bloomberg
Treasury yields were mixed today with the short-end underperforming (2Y +3bps, 30Y -5bps), pulling the whole curve lower on the week…
Source: Bloomberg
The dollar fell to its lowest close in five weeks…
Source: Bloomberg
Gold rallied back up to $3420, testing its record highs…
Source: Bloomberg
Bitcoin chopped around again today ending the day unchanged-ish around $112k…
Source: Bloomberg
Ethereum underperformed Bitcoin on the day, erasing around half of Friday’s surge…
Source: Bloomberg
…despite massively outperforming in terms of ETF inflows…
Source: Bloomberg
Finally, returning to where we started, it is worth noting that this afternoon saw an ominous setup in the vol-spot relationship (Spot equity prices up and VIX levels up too)…
Source: Bloomberg
With positive delta flow from 0-DTE surging in the late day…
This kind of leveraged exuberance (chasing via calls) is typically indicative of a blow-off top (short-term)
DATA RELEASES
Initial Jobless Claims Refuse To Show Any Signs Of Cracking
Thursday, Aug 28, 2025 – 08:38 AM
Initial jobless claims improved last week, falling from 234k to 229k, remaining in the same near-record-low range it has been in for the last three years. On an unadjusted basis, claims are back near record lows…
Source: Bloomberg
Continuing jobless claims dipped from the prior week, but remain near their highest since Nov 2021 (though not accelerating)…
Source: Bloomberg
There was more weakness in the ‘Deep TriState’ region as continuing jobless claims rose in DC, Virginia, and Maryland combined…
Source: Bloomberg
Again, we ask, if shit is so bad that CEO confidence remains dramatically lower, why aren’t jobless claims following suit (actions speak louder than words)…
Source: Bloomberg
Not exactly data that demands rate-cuts anytime soon.
end
USA economic suggests economy humming along!
Q2 GDP Revised Sharply Higher As Data Center Investments Sharply Boost Growth
Thursday, Aug 28, 2025 – 09:10 AM
While the number mostly reflects a reversal of the tariff frontrunning seen in Q1 (which dragged GDP sharply lower due to a surge in imports), moments ago we got the BEA’s first revision of the Q2 GDP print which already came in red hot at 3.0% one month ago… and was just revised even redder and even hotter to 3.3%, beating estimates of a 3.1% print…
… and the highest quarterly print since Q3 2023.
According to the BEA, the 0.3% upward revision from the original 3.0% print reflecting upward revisions to investment and consumer spending that were partly offset by a downward revision to government spending and an upward revision to imports.
Taking a closer look at the composition, we find the following:
- Personal Consumption increased to 1.07% of the bottom line GDP print, up from 0.98% in the original print
- Fixed Investment jumped substantially from just 0.08% to 0.59% of the bottom-line print. We warned one month ago that either this number suggested that hyperscalers were lying or the number would be revised substantially higher. It was the latter.
- The change in private inventories was modest, from -3.17% of the final GDP number, to -3.29% as companies depleted stocks purchased during the tariff build up period.
- Net trade (exports and imports) added 4.95% to GDP, virtually unchanged from the 4.99% original print, and a mirror image of the -4.62% hit to GDP from Q1.
- Finally, government flipped from adding a modest 0.08% to GDP, to subtracting 0.03%
More important than the GDP print even was the sharp upward revision in real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, which surged 1.9% in the second quarter – largely thanks to the huge upward revision in fixed investment – and up 0.7% from the previous estimate.
Finally, the price index for gross domestic purchases increased 1.8% in the second quarter, revised down 0.1% from the previous estimate. The personal consumption expenditures (PCE) price index increased 2.0%, revised down 0.1% from the previous estimate. Excluding food and energy prices, the PCE price index increased 2.5%, the same as previously estimated.
Overall, this was a very solid GDP print, with the upward revision not due to another boost in spending but rather the all important investment on data centers, which also helped almost double Real Final Sales from
USA ECONOMIC COMMENTARIES/NEWS
LAS VEGAS
Las Vegas Tourism Falters As Prices Explode And Amenities Disappear
Wednesday, Aug 27, 2025 – 10:10 PM
Over twenty years ago Las Vegas was still known as a place where you could lose your shirt gambling, but at least all the basic amenities made a weekend vacation cheap and fun. Low cost hotel rooms, free transportation between casinos, complimentary drinks and cheap buffets are all disappearing; replaced by outrageous markups on even the smallest items.
In the past, casinos and clubs focused on luring in tourists with subsidized comforts and making most of their profits through the gaming tables and slots. Today, everything has changed. Room prices have doubled in the span of five years. A morning bagel can cost upwards of $12 or higher. Cokes? At least $4 per can. Over $70 for valet parking. The once legendary $10 all you can eat Vegas buffets? All gone. In some hotels a bottle of water at the minibar costs $26.
Sure there’s inflation, but it’s also a systematic swindle. What’s the point of going to Vegas to empty your wallet on Black Jack and Roulette when the casinos won’t even keep you fed? The basic model for the city’s economy has been turned upside-down and companies are trying to drain tourist cash through a nickel-and-dime model on comforts they can get at home for 10% of the cost.
The result has been an 11% collapse in tourism year-over-year and Las Vegas officials are worried.
Visitor volume and consumer spending are tumbling in America’s casino capital, and the local unemployment rate is hovering among the highest in the country for big metro areas. Democrats in Vegas blame Donald Trump’s mass deportation efforts and tariff’s for “causing travel anxiety”. There’s no tangible data to support these accusations. As has been the case since the end of 2020, Democrat run cities suffer from exorbitant price increases across the board but somehow it’s all Trump’s fault.
Not long ago average Vegas visitors had a wide range of incomes and many lower income tourists came to the area as an affordable alternative to overseas travel. Today, the median income for tourists is over $93,000 a year; more than twice the national average.
While this might help to keep out the riffraff common to more affordable industries like cruise lines, it also deters the more ideal middle class demographic that was once the driver of the Vegas economy.
Political leaders are now looking to a new bipartisan bill, the Apex Area Technical Corrections Act, to save the day. Signed into law by President Donald Trump, it could pave the way for economic diversification. It allows federal land to be transitioned to industrial use, potentially bringing warehousing, manufacturing, and other factories to the North Las Vegas area.
In any case, the old days of low cost Vegas comfort are gone, replaced by an inflationary fear and loathing that probably won’t be undone for many years. American havens for the middle class are drying up fast.
END
WASHINGTON DC/UNION STATION
Federal Government To Take Over DC’s Union Station
Wednesday, Aug 27, 2025 – 11:00 PM
Federal officials will take over the management of Washington’s Union Station, which Amtrak now runs.
Amtrak is a federally chartered corporation operating as a for-profit entity, with the U.S. government as its controlling shareholder.
As Jackson Richman reports for The Epoch Times, Transportation Secretary Sean Duffy announced the takeover during an event celebrating the launch of Amtrak’s NextGen Acela trains.
“He wants Union Station to be beautiful again,” Duffy said of President Donald Trump.
“He wants transit to be safe again, and he wants our nation’s capital to be great again.”
Duffy said that the move is not a power play, noting that the Department of Transportation has owned Union Station since the early 1980s.
“We’ve always had it, but we think that we can manage the property better, bring in more tenants, bring in more revenue,” he said.
“And that revenue is going to allow us to make investments in this beautiful building. It needs investments.
“It’s been, I think, neglected for decades, and it’s showing its age. And again, we want to make this place beautiful, and the premier train station, not just in America, but the premier train station in the world. And that takes money.”
Amtrak introduced its new line of Acela trains, which are high-speed and travel across the northeast United States.
“The launch of the new Acela is a critical starting point as we work to improve travel for millions of Americans,” U.S. Deputy Secretary of Transportation Steve Bradbury said in a statement.
“Our nation’s capital should be putting our best foot forward.”
Amtrak President Roger Harris said,:
“Acela is synonymous with American high-speed trains, and today marks a new era of next-generation service,“ adding that ”the future of high-speed rail starts now.”
Likewise, Amtrak Board Chair Tony Coscia said in a statement:
“From the moment our guests step onboard, they’ll feel the difference of a NextGen Acela train thanks to a more modern, premium, and elevated experience.
“We are grateful for Secretary Duffy and Deputy Secretary Bradbury’s support on the project, and for helping it get over the finish line so Northeast Corridor residents and visitors can enjoy a whole new way to travel.”
National Guard troops have been stationed outside Union Station, which is close to the Capitol, as the Trump administration has looked to crack down on crime in the District of Columbia.
This has included a federal takeover of the Metropolitan Police Department.
Duffy said robberies are down 52 percent in the district, while carjackings are down 38 percent. Overall, he said, violent crime has decreased by 40 percent.
END
Robert H
Home Prices Are Starting To Crash – Is That Really Good News Or Really Bad News?
Actually this is occurring globally in real time.
The same thing is happening to illiquid expensive assets that are not income producing.
VICTOR DAVIS HANSON:
KING NEWS
| The King Report August 28, 2025 Issue 7565 | Independent View of the News |
| Trading on Wednesday, ahead of the post-NYSE close release of Nvidia’s results, was relatively lame. USUs were -13/32 near the 11:30 ET European close. The DJIA was +100 and change; the DJIA was +17 and change; the NY Fang+ Index was +0.30%. Gold was +4.20. The dollar was up solidly. ESUs traded positively, in a modestly to moderately range, from the Nikkei opening on Wednesday until they broke down at 3:19 ET. After hitting 6478.00 (-4.50) at 4:47 ET, ESUs rose to a modest gain after 8:00 ET. At 8:22 ET, ESUs started a decline that ended with a daily low of 6472.25 at 9:27 ET. Conditioned traders, great and small, then reflexively bought the NYSE opening decline. ESUs soared to 6492.00 at 10:17 ET. ESU then zigzagged higher until they hit 6495.50 at 11:57 ET. ESUs then fell to 6482.00 at 12:37 ET. The euphoria for the expected great Nvidia results intensified. Traders got jiggy on ESUs. However, Nvidia, which declined 2.5 points during the first 30 minutes of NYSE trading, was retreating from its 1.20 gain and daily high (182.49) at 14:15 ET. ESUs buyers ignored NVDA’s uninspiring action. ESUs hit a daily high of 6502.25 at 14:16 ET. After three attempts to break above the high failed, ESUs rolled over and eventually sank to 6486.50 at 15:13 ET because Nvidia turned negative for the day. Did someone know something? Nvidia turned modestly positive after 15:20 ET; ESUs soared to 6502.25 at 15:50 ET. The move was the late manipulation because NVDA was negative at the time. ESUs fell to 6493.50 at 16:00 ET. USUs rallied after the 5-year auction ($70.0B), even though the auction was bad: 3.724% vs 3.717% WI. Tailing 5Y Auction Sees Record High Directs, Rcord Low Dealers https://www.zerohedge.com/markets/tailing-5y-auction-sees-record-high-directs-rcord-low-dealers Positive aspects of previous session ESUs rebound smartly from the low near the NYSE opening. Bonds rallied as dealers marked up their holdings to suck in patsies after a poor 5-year auction. Negative aspects of previous session Nvidia turned negative in the 1st and last hour of NYSE trading. USUs declined as much as 23/32. Gold rallied moderately. The DJTA was soft all session. 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: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6475.43 Previous session S&P 500 Index High/Low: 6487.06; 6457.84 Dems and the media acknowledge that Lisa Cook claimed two separate homes as primary residences on mortgage documents. However, they opine that Lisa committed a minor transgression or she didn’t know what she was doing. Yet they think she should manage US interest rates and the US economy! Lisa Cook and the Fed granted Trump and anti-Fed types a pathway to the SCOTUS to put the Fed on trial and force the SCOTUS to rule that the Fed is under executive branch control or ordain the Fed is extra constitutional, which will outrage the public and force Congress to act. @j_fishback: The actual constitutional crisis is that the unelected Lisa Cook refuses to leave her job after the duly elected President of the United States removed her nearly 24 hours ago. Coup at the Fed Now, Trump can remove Powell for cause if Jerome allows Cook to remain on the Fed Board! Why Lisa Cook’s Lawsuit to Keep Her Job Is Likely to Lose The Fed’s structure… is… designed to perform a legislative function rather than an executive function…. The Supreme Court has interpreted the power to coin money and regulate its value to include the authority to regulate every phase of currency, including chartering banks… But the Court is likely to be reluctant to micromanage what qualifies as “cause” inside that distinctive regime. Section 242 of the Federal Reserve Act is terse: governors serve 14 years “unless sooner removed for cause by the President.” It does not define “cause,” mandate a hearing, or set an evidentiary burden. When Congress writes a sparse standard for a uniquely independent institution, courts generally read that as a reason for restraint, not a license to invent criminal-style procedures… https://www.breitbart.com/economy/2025/08/26/breitbart-business-digest-why-lisa-cooks-lawsuit-to-keep-her-job-is-likely-to-lose/ Nvidia reported Adj EPS of 1.05, 1.01 expected; revenue of $46.7B, $46.23B expected. Data Center Revenue of $41.1B, $42.29B expected. NVDA sank to 171.86 (118.60 close). ESUs tumbled to 6459.25. NVDA rebounded 7 points after the company approved another $60B in share repurchases. H20 revenue declined by about $4B. As usual, NVDA CEO Jensen Huang hyped AI and NVDA’s role: “Blackwell is the AI platform the world has been waiting for… production of Blackwell Ultra is ramping at full speed and demand is extraordinary,“… The AI race is on and Blackwell is the platform at its center.” Unfortunately for Huang and Nvidia holders, his routine AI shilling did NOT boost NVDA shares. @kakashiii111: Nvidia’s revenue from Singapore keeps breaking ATH, reaching $10.1B in sales this quarter. It ranks second after the U.S., and just behind Taiwan. Nvidia’s YTD revenue from Singapore is approaching $20B… https://x.com/kakashiii111/status/1960814388006326685 Today – Nvidia could dictate trading. The big game will be disappointed NVDA sellers versus investors and traders trying to protect their massive NVDA (and related AI) positions. Another game, and it’s related to NVDA, will be manipulating stuff higher to game August performance. ESUs are -23.50 (6472.50); NQUs are -132.75; NVDA is 175.90; and USUs are +1/32 at 20:28 ET. Expected Economic Data: Q2 GDP 3.1%, Consumption 1.6%, GDP Price Index 2.0%, Core PCE Price Index 2.6% q/q; Initial Jobless Claims 230k, Continuing Claims 1.966m; Pending Home Sales -0.2% m./m & 0.1% y/y; Aug KC Fed Mfg. Activity 0 S&P Index 50-day MA: 6296; 100-day MA: 5988; 150-day MA: 5947; 200-day MA: 5955 DJIA 50-day MA: 44,288; 100-day MA: 42,747; 150-day MA: 42,907; 200-day MA: 43,076 (Green is positive slope; Red is negative slope) S&P 500 Index (6481.38 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 6356.74 triggers a sell signal Hourly: Trender and MACD are positive – a close below 6462.61 triggers a sell signal Per an AP Poll, 81% of Americans say crime is a “major problem” in large cities; and 66% crime is a “major problem” throughout the USA. Democrats are on the wrong side of another 80-20 issue. https://apnews.com/article/trump-crime-poll-approval-dc-national-guard-5c5d503600cd443e639ab37dc6ddc0dc?s=02 AP says Trump’s approval rating jumped to 45% from 40% after his crackdown on crime in DC. @realDonaldTrump: 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. We’re not going to allow these lunatics to rip apart America anymore, never giving it so much as a chance to “BREATHE,” and be FREE. Soros, and his group of psychopaths, have caused great damage to our Country! That includes his Crazy, West Coast friends. Be careful, we’re watching you! A trans shooter murdered 2 children (8 &10); wounded 14 children (4 critically) and 3 adults at a Catholic Mass for pre-K thru 8th grade children at Annunciation Church in Minneapolis. Brian O’Hara, Minneapolis Police Chief, said the shooter fired through the church’s stained-glass windows and blocked the doors to prevent escape. The shooter had a rifle, shotgun, and pistol; and committed suicide. Reportedly, the shooter’s mother taught at Annunciation and retired years ago. Joe Rogan says psychotropic drugs are a factor in many mass shootings and need to be investigated. Mental illness is often the cause of mass shootings. Trans can be a byproduct of mental illness. Some drugs exacerbate mental illness. It’s the underlying mental illness that must be addressed. It’s also possible that the trans movement’s incessant claims of persecution are radicalizing trans individuals. For decades, there were few, if any, instances of trans mass shootings. Pressure to transition, trans drug availability, and weaponizing/politicizing trans are recent phenomena. WSJ Editorial Board: Shooting Madness in Minneapolis The alleged killer of children at church fits a too-common profile. One subject that deserves debate is a more aggressive identification and forced treatment, if need be, of the mentally ill. Most school shooters have been disturbed young men who also shouldn’t have access to firearms. The mental-health lobby and gun-rights advocates may protest, but a society serious about protecting its most vulnerable needs to have this debate. https://www.wsj.com/opinion/minneapolis-shooting-annunciation-catholic-school-robin-westman-dfcf73d3?mod=hp_opin_pos_4 Dems and their allies immediately called for more gun control despite the facts that Minnesota and Minneapolis have strict gun control laws and ‘they’ refuse to enforce existing laws. Minnesota Senator Amy Klobuchar (Dem) called into MSNBC to blame the shooting at Annunciation on Republicans. Fox: ‘Weapons of war’: Dem lawmakers call for gun control after Minneapolis school shooting https://www.foxnews.com/politics/dem-lawmakers-immediately-call-gun-control-after-minneapolis-school-shooting But Dems and their allies (mostly media) are regularly on the wrong side of the big issues. The gunman, to their horror, was from one of their protected groups. @bennyjohnson: The Minnesota Catholic church shooter has been revealed as Robin Westman. Reports say he identified as a transgender male. His magazine read: “Kill Donald Trump.” (another had “for the children.”) https://x.com/bennyjohnson/status/1960746424121090540 https://x.com/greg_price11/status/1960744916235248094 @AlphaNewsMN: In 2019, Mary Grace Westman petitioned Dakota County court to change her minor child’s name from Robert Paul Westman to Robin M. Westman when the minor was 17. The order granting the request said that, “Minor child identifies as a female and wants her name to reflect that identification.” https://x.com/AlphaNewsMN/status/1960783404913381416 @MarinaMedvin: The Catholic school shooter’s rifle was filled with psychopathic messages. Praising prior mass murders McVeigh and Breivik, laughing at marking a magazine “for the children,” ramblings in Russian, and “6 million wasn’t enough” — a reference to the Holocaust not finishing off the Jews — along with destruction of Israel messaging. https://x.com/MarinaMedvin/status/1960750251276689629 “I hate those entitled, penny-sniffing k-kes… If I carry out a racially motivated attack, it would most likely be against filthy Zionist Jews.” https://x.com/EYakoby/status/1960820049784316315 Trans Minneapolis shooter Robin Westman mused about slaughtering ‘filthy Zionist Jews’ in sick journal before deadly Catholic school massacre https://trib.al/9UwKAll @OliLondonTV: Trans gunman who shot children at a Catholic school wrote the Arabic word ‘Mashallah’ on one of his gun magazines– which translate as ‘What God has willed.’ On another magazine, he wrote ‘Where is your God?’ with the Russian word ‘Cyka’ which translates as b***h. https://x.com/OliLondonTV/status/1960805728496628136 @BrentScher: The four-page letter written by the Minnesota gunman is largely depression, insanity. The 23-year-old trans-identifying man writes that he thought he was dying of cancer from vaping, that he was beyond the point of recovery. https://x.com/BrentScher/status/1960763246471733576 GOP Sen. @SenatorBanks: When you “affirm” mental illness instead of treating it, people get hurt. @NBSaphierMD: America is in the midst of a mental health crisis—causing unimaginable pain and loss. Leaders must step up with courage, even if it means going against ideological fads… @bennyjohnson: One thing is VERY clear: the trans movement is radicalizing the mentally ill into becoming violent terrorists who target children for murder. The pattern is undeniable: Today’s Annunciation Catholic Church shooter identified as trans. The Nashville Christian shooter identified as trans. The Lakewood Church shooter identified as trans. The Colorado Springs shooter identified as non binary. The Denver shooter identified as trans. The Aberdeen shooter identified as trans. The Iowa high school shooter was a trans activist. (Allegedly 8 of last 10 mass shootings by trans) Radical gender ideology is driving violence… Time for national intervention. @disclosetv: Minneapolis Mayor Frey on Catholic massacre: “Anybody who is using this as an opportunity to villainize our trans community… has lost their sense of common humanity…” https://x.com/disclosetv/status/1960793695298482444 @WallStreetMav: Why is it whenever a trans or Muslim commits a terrorist act, the first instinct of the Democrats to be worried about how this will affect other trans or Muslims?… (PS – Minny police chief says, “We don’t have a motive…” – despite the manifesto & videos!) Mayor Frey villainized and demonized police over George Floyd’s death. He’s an abject hypocrite! @SteveGuest: 2 days ago, Minnesota’s Democrat AG Keith Ellison: “We have sued Trump for gender affirming care. We are not going to scapegoat the transgender community.” (Advocates more gun laws) https://x.com/SteveGuest/status/1960763114326053078 Mayor Jacob Frey: “Minneapolis will continue to be a safe haven for undocumented immigrant and the trans community…” https://x.com/greg_price11/status/1960758639238504627 @townhallcom: Minneapolis police were “pretty strapped” with thin resources available to respond to a shooting at a Catholic Church this morning — after responding to a PREVIOUS shooting. “A violent night overnight in Minneapolis…” https://t.co/P0ywq42aUN @RealJessica05: Minneapolis Police took longer to respond to the mass shooting at Annunciation Catholic School because of other violent crimes in the city and a police shortage thanks to Democrats efforts to defund the police. @DogRightGirl: Yesterday (Tuesday), seven people were shot outside of a Catholic High School (Cisto Rey) in Minneapolis. This morning, there may be 20 victims at the Church of the Annunciation or the Annunciation School just next door in Minneapolis. (The Tuesday shooting was largely ignored!) One dead, 6 hurt after shooter opens fire (Cisto Rey HS) with high-powered rifle in Minneapolis Two other fatal shootings reported in the city; police say it’s unclear if they’re connected “Across three separate multiple-victim shootings, eight people have been injured by gunfire and three have lost their lives… https://www.mprnews.org/story/2025/08/26/minneapolis-shooting-one-dead-six-hurt @EndWokeness: Here is the moment Tim Walz signed a bill to make Minnesota a “trans refuge state“ https://x.com/EndWokeness/status/1960782285227139515 Minnesota Catholic School Leader Warned Tim Walz of ‘Critical’ School Safety Threats. He Did Nothing… In a letter dated April 14, 2023 that specifically addressed “school safety in nonpublic schools,” Tim Benz, the president of MINNDEPENDENT and Jason Adkins, the executive director of the Minnesota Catholic Conference, stressed an “urgent and critical need in Minnesota to make sure our schools are secure and safe” in light of “recent, and continuing attacks, on our schools in this country and in our state.”… https://www.dailywire.com/news/minnesota-catholic-school-leader-warned-tim-walz-of-urgent-and-critical-need-to-secure-schools @TheTonus: Don’t expect Democrats & journalists to admit transgenderism is mental illness and dangerous when they’ve made up terms like “gender affirming care” and ignored ALL scientific evidence to protect their moral high-horse fantasy… @theblaze: Two days ago, Minnesota Governor Tim Walz attacked President Trump for deploying National Guard to cities to restore safety and crackdown on crime. https://x.com/theblaze/status/1960725391129145627 Dana Bash: “Forget about thoughts and prayers. These kids were literally praying when they were murdered through a church window.” Minny Mayor Frey said the same exact sentence. This was a Dem talking point and it was intended to push gun control. https://x.com/BreitbartNews/status/1960762273841987723 @LibTearCreator1: (Dem ‘influencer’) @krassenstein says “praying is the problem, not the solution People use prayer instead of action..”. (Again, a plea for more gun control, and a slam on prayer!) https://x.com/LibTearCreator1/status/1960786663388451196 @MonicaCrowley: If your first reaction to a madman murdering innocent children at a Catholic school is to attack prayer, maybe rethink… well, everything @quickevildino: I’ve never understood the “no more prayers” line from Dems. It doesn’t make much sense politically. Who are they trying to win over? The atheist republican who is in favor of gun control? @honestpollster: I wouldn’t worry too much about all the Democrats pushing gun control today. 74% of America thinks shootings are caused by things OTHER THAN access to firearms: (Mental Health 41%) https://x.com/honestpollster/status/1960804508709351814 Fox: Kash Patel says the FBI is investigating the Minneapolis school shooting as an act of domestic terrorism and hate crime targeting Catholics. https://x.com/sentdefender/status/1960786651241963606/photo/1 @Cernovich: A high level Fox News executive (might even be in HR) has a “trans” kid. That’s why everyone on air is scared s***less to call this trans shooting what it is. She makes the trans issue a personnel issue, and everyone is afraid to be on the wrong side of her. Minneapolis school shooter revealed as transgender and anti-Trump as Democrats call for shooting to be de-politicized. (But let’s politicize guns!) https://trib.al/1bhx7rN @TheKevinDalton: Three mass shootings over the past couple of days in Los Angeles. I hope you are sitting down, but no suspect description has been released for any of the shootings and no arrests have been made… https://x.com/TheKevinDalton/status/1960691205790163179 Vanity Fair editor rages over potential Melania Trump cover, predicts half the editorial staff ‘will walk’ https://www.msn.com/en-us/news/other/vanity-fair-editor-rages-over-potential-melania-trump-cover-predicts-half-the-editorial-staff-will-walk/ar-AA1LgL7D Left Is Melting Down After Realizing They No Longer Set the Cultural Tone “I think the best way to understand this outrage [over Melania Trump possibly gracing the cover of Vogue] is… For a long time, the left has had the opportunity to set the narrative through these institutions about what is cool and what is not cool, what can be admired and what can’t be, and what’s acceptable and what’s not… So to put Melania Trump on the cover would be that final nail in the coffin for the left, [it] would say [the left] doesn’t get to set the narrative anymore because conservative is cool and is in trend.“… https://thefederalist.com/videos/lyman-left-is-melting-down-after-realizing-they-no-longer-set-the-cultural-tone/ The NYT: The criminal probe into John Bolton began to pick up momentum during the Biden admin when U.S. intelligence officials collected information from an adversarial country’s spy service that appeared to show that he had mishandled classified information… sent to people close to him… 10 FBI whistleblowers – who warned of ‘political weaponization’ and faced retaliation from Biden admin – reach settlements with DOJ https://trib.al/8SW2YI9 California Republican leader calls for a ‘two state solution’ amid redistricting battle Assemblymember James Gallagher said… “The people of inland California have been overlooked for too long,” he said in a statement. “It’s time for a two-state solution.”… https://www.politico.com/news/2025/08/26/california-republican-leader-calls-for-a-two-state-solution-amid-redistricting-battle-00527902 Illinois should make Cook County a state, then spinoff NYC as a state. @ILfamilyaction: While Chicago families bury their family members, Gov. Pritzker & his fellow Illinois Democrats insist there’s “no emergency.” Over 34 were shot this past weekend —including a 5-year-old boy killed in his own apartment. Do they even care? https://t.co/W8mU4tn4KZ @ChicagoContrar1: @ChicagosMayor claims his opposition to Trump considering sending the National Guard to Chicago is akin to the fight to free slaves. Insanity. https://x.com/ChicagoContrar1/status/1960728531245408300 Chicago pastor says Dems are ‘outright lying’ about crime, calls on Trump to send National Guard https://trib.al/60lbhAE @mrddmia: With Europe allowing itself to get conquered (and raped) by Islamists, we need to have a serious discussion about our NATO treaty obligations. Americans shouldn’t continue to pledge our lives and fortune to defend countries that have abandoned western values. | |
SWAMP STORIES FOR YOU TONIGHT
Lisa, cook the books, Cook moron!!
Fed’s Lisa Cook Sues Trump, Doesn’t Deny Mortgage Fraud
Thursday, Aug 28, 2025 – 09:41 AM
Federal Reserve Governor Lisa Cook has sued the Trump administration, Fed Chair Jerome Powell, and the Board of Governors itself – after President Donald Trump fired her on Monday over claims that she lied on mortgage applications – allowing her to double-dip on tax and lending advantages.
The lawsuit – which doesn’t deny mortgage fraud!! – seeks “A declaration that President Trump’s August 25, 2025 purported firing … is unlawful and void and that Governor Cook remains an active member of the Board of Governors of the Federal Reserve,” and a declaration from the court that “an unsubstantiated allegation of mortgage fraud prior to a Governor’s confirmation is not cause for removal.”
Cook’s lawsuit claims that Trump violated the Federal Reserve Act, the Fifth Amendment’s Due Process Clause, and other statutory rights – and that Trump’s action lacks “cause” as required by the FRA.
Represented by former Hunter Biden attorney Abbe Lowell – who also represents NY Attorney General Letitia James, former Homeland Security official Miles Taylor, and a whistleblower – James filed the lawsuit in federal court in Washington DC – where we’re sure the Jury will be interested to hear, per her complaint, that she is the first black woman on the Board.
And while former members of the Fed have stepped down over alleged improprieties, Cook is digging in.
We’re sure Cook’s legal team is counting on a DC jury being sympathetic to Cook’s claims in response to her firing, in which Trump accused her of “deceitful and potentially criminal conduct in a financial matter.”
The Trump-Cook clash erupted after Federal Housing Finance Agency Director Bill Pulte dropped receipts showing that Cook lied on 2021 loan applications for two properties in Michigan and Georgia – claiming that each was her primary residence.
END
Lisa Cook Claims It Was All A “Clerical Error” – And This Is The Nevertrump Activist Judge Who Will Decide
Thursday, Aug 28, 2025 – 03:32 PM
(Update: 1532ET): A Biden-appointed federal judge who defied a Supreme Court ruling earlier this month has been ‘randomly’ assigned to the (Biden-appointed) Lisa Cobb case, after the Federal Reserve Governor filed a lawsuit challenging her Monday firing by President Trump. Her complaint doesn’t deny the underlying allegations of mortgage fraud – and instead argues that she couldn’t have been fired ‘for cause’ over something that happened before she was confirmed to the Fed.
Cook also argues that claiming two houses as her ‘primary residence’ at the same time may have been a simple ‘clerical error.’
So, we’re supposed to believe that a Harvard graduate and ‘Top leading economist’ – who’s tasked with setting Fed policy – simply missed the ‘primary residence’ designation plastered all over the mortgage papers she signed?
Anyway, here’s the new judge, Jia Cobb, who will weigh in on the case.
Cobb recently defied the Supreme Court according to the Trump administration – after she continued to block the “expedited removal” of migrants despite a Supreme Court ruling that upheld the legality of such removals.
“Will they be summarily removed from a country that — as they are swept up at checkpoints and outside courtrooms, often by plainclothes officers without explanation or charges — may look to them more and more like the countries from which they tried to escape?” Cobb wrote in an 84-page decision against the deportation effort.
Cobb was also the judge in Jan. 6th defendant Ryan Samsel’s case. Samsel was notably the first rioter to charge across police lines. After he was found guilty, prosecutors wanted him to go away for 20 years, however his February sentencing was called off after President Trump issued a blanket pardon to all J6ers.
Now, the activist judge will decide at least the first step in Cook’s fate – which is sure to be appealed to the DC Circuit Court of Appeals by the losing party, after which we’re guessing it’s headed to the Supreme Court.
* * *
Federal Reserve Governor Lisa Cook has sued the Trump administration, Fed Chair Jerome Powell, and the Board of Governors itself – after President Donald Trump fired her on Monday over claims that she lied on mortgage applications – allowing her to double-dip on tax and lending advantages.
The lawsuit – which doesn’t deny mortgage fraud!! – seeks “A declaration that President Trump’s August 25, 2025 purported firing … is unlawful and void and that Governor Cook remains an active member of the Board of Governors of the Federal Reserve,” and a declaration from the court that “an unsubstantiated allegation of mortgage fraud prior to a Governor’s confirmation is not cause for removal.”
Update: In a statement to CNBC, Federal Housing Finance Agency (FHFA) Director Bill Pulte said: “In her filing, Ms. Cook does not deny that these are her mortgage documents, so one has to wonder why she, or Jerome Powell, would want this to be a part of the Federal Reserve, which is supposed to have preeminent integrity and which is critical to the safety and soundness of the U.S. Mortgage Market.”
Cook’s lawsuit claims that Trump violated the Federal Reserve Act, the Fifth Amendment’s Due Process Clause, and other statutory rights – and that Trump’s action lacks “cause” as required by the FRA.
Represented by former Hunter Biden attorney Abbe Lowell – who also represents NY Attorney General Letitia James, former Homeland Security official Miles Taylor, and a whistleblower – James filed the lawsuit in federal court in Washington DC – where we’re sure the Jury will be interested to hear, per her complaint, that she is the first black woman on the Board.
And while former members of the Fed have stepped down over alleged improprieties, Cook is digging in.
We’re sure Cook’s legal team is counting on a DC jury being sympathetic to Cook’s claims in response to her firing, in which Trump accused her of “deceitful and potentially criminal conduct in a financial matter.”
The Trump-Cook clash erupted after Federal Housing Finance Agency Director Bill Pulte dropped receipts showing that Cook lied on 2021 loan applications for two properties in Michigan and Georgia – claiming that each was her primary residence.
Read the complaint below: ZEROHEDGE
END
Bolton Probe Focuses On Emails Obtained By Hostile Foreign Spy Service
Thursday, Aug 28, 2025 – 02:00 PM
At least one dimension of the federal investigation of former Trump national security advisor John Bolton focuses on personal emails of his that were obtained by a foreign government spy agency — with those personal emails said to have contained classified information, the New York Times has reported, citing unnamed people familiar with the probe. The investigation gained steam during the Biden administration, and quietly brewed before culminating in last week’s FBI raid on Bolton’s Bethesda, Maryland home. He has not yet been charged with any crime.
During Biden’s term, the US government found that an adversarial government’s spy agency had come into possession of emails that Bolton appeared to have sent to close associates, using an unclassified delivery method. The emails seemed to include information that Bolton had learned from classified documents, and he was sending the emails to various people who were helping him gather information for use in his 2020 memoir, “The Room Where It Happened.”
As Bolton’s book was about to be released, the Trump administration sued to delay its publishing. Around that same time, the Justice Department started a criminal probe to determine if Bolton had mishandled classified material via revelations included in the book. The Times sources say the search of Bolton’s home was aimed at determining if he had any material in his possession that confirmed the authenticity of the emails that were in the hands of the foreign spy agency.
The information that ended up in foreign-government hands apparently did not end up being included in his book, the Times sources say. However, after the first Trump administration sought to thwart the book’s release, Judge Royce Lamberth concluded that “Defendant Bolton likely jeopardized national security by disclosing classified information in violation of his nondisclosure agreement obligations.” Nonetheless, he didn’t attempt to block the book’s distribution, saying “the horse is already out of the barn,” referring to the fact that excerpts had been published and 200,000 copies had already shipped.
After the warrant was served at Bolton’s home on Friday morning, President Trump disclaimed any knowledge of the investigation. He did, however, share his disdain for Bolton, whom he’d hired despite prescient warnings from people like Sen. Rand Paul:
“I don’t know about it. I saw it on television this morning. I’m not a fan of John Bolton. He’s a real sort of lowlife… I know nothing about it…I tell [Attorney General] Pam [Bondi], and I tell the group, I don’t want to know about it. You have to do what you have to do.”
In another development, the Times reported that Bolton is negotiating with criminal defense attorney Abbe Lowell, whose current high-profile clients include New York state attorney general Letitia James and Federal Reserve Governor Lisa Cook. James is facing federal grand jury scrutiny of her civil fraud case against Trump, which resulted in a $500 million fine that was thrown out earlier this month. Trump fired Cook on Monday, after Federal Housing Finance Agency Director Bill Pulte asked the DOJ to investigate her for suspected mortgage fraud.
GREG HUNTER…
SEE YOU TOMORROW
harveyorganblog.com 
