NOV 7

access market

I ILL BE TRAVELING HOME TODAY SO I WILL NOT GIVE MY NORMAL REPORT

I WILL PUBLISH THE PRELIMINARY GOLD AND SILVER COMEX REPORT AND THEN

ON SATURDAY PICK UP THE REST OF THE DATA. THERE ARE A FEW INTERESTING COMMENTARIES ISSUED LAST NIGHT

SEE YOU ON MONDAY

H

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Bitcoin morning price:$102,529 UP 1469 DOLLARS (MANY SWITCHING TO PHYSICAL GOLD)

Bitcoin: afternoon price: $101,040UP 3940 DOLLARS

Platinum price closing DOWN $24.60 TO $1536.85

Palladium price; DOWN $45.25 TO $1,381.60

END

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 3,979.900000000 USD
INTENT DATE: 11/06/2025 DELIVERY DATE: 11/10/2025
FIRM ORG FIRM NAME ISSUED STOPPED


072 C GOLDMAN 1
132 C SG AMERICAS 31
167 C MAREX 7
190 H BMO CAPITAL MARKETS 3
323 C HSBC 64
435 H SCOTIA CAPITAL (USA) 367
661 C JP MORGAN SECURITIES 104
709 C BARCLAYS 169
737 C ADVANTAGE FUTURES 6
880 H CITIGROUP 219
905 C ADM 7


TOTAL: 489 489
MONTH TO DATE: 6,885

JPMORGAN STOPPED 26/423

NOV.

FOR NOV

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END

THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.

CLOSING INVENTORY RESTS AT:

Let us have a look at the data for today

SILVER COMEX OI FELL BY A ROSE BY A HUGE SIZED 1050CONTRACTS TO 157,083,AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITEOUR LOSS OF $0.12 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S // TRADING.! IT WAS THE SHORT SPECULATORS THAT ARE CONTINUALLY IN TROUBLE AS THE BANKERS TOOK THE LONG SIDE AND THEN TENDERED. WE FINALLY ARE MOVING TO A MUCH HIGHER BASE SURPASSING THE $34.40 SILVER PRICE BARRIER TO A HIGH DEGREE, AND NOW TRYING TO SURPASS OUR LAST MAJOR HURDLE OF $50.00 SILVER AGAIN.  WE HAD A HUGE SIZED GAIN OF 1670 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A STRONG 620 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD ZERO LIQUIDATION OF T.A.S. CONTRACTS IN COMEX TRADING WITH RESPECT TO WEDNEDAY’S TRADING / WITH AS YOU WILL WITNESS, WITHLITTLE SUCCESS AS THEY DESPERATELY AGAIN TODAY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST SEVERAL WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE TO ABOVE $50.00 AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY SUCCEEDED ON THURSDAY WITH SILVER’S LOSS IN PRICE. THE PRICE FINISHED MILES BELOW THE MAGIC NUMBER OF $50.00 SILVER SPOT PRICE CLOSING AT $48.05 DOWN $0.12 . WE ARE NOW WITNESSING HAVING MANY HUGE T.A.S ISSUANCES // TODAY’S WAS AT A HUMONGOUS SIZED 1423 T.A.S. CONTRACTS. THE CROOKS ARE BECOMING MORE DESPERATE TO STOP SILVER BREAKING AGAIN THE 50.00 DOLLAR MARK!!. THERE IS NO NEXT LINE IN THE SAND ONCE THE 50.00 DOLLAR SILVER IS PIERCED AGAIN. WE HAD A 620 SIZED CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE SIZED 1423 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING//RAIDS AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE GAINED A HUGE SIZED 1670 CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOSS IN PRICE OF $0.12 WE HAD HUGE GOVERNMENT COMEX CONTRACTS TRADING THURSDAY AND A MAJOR PORTION WILL BE REMOVED BY DAYS END. (I RECORD THIS FOR YOU ON A DAILY BASIS). THE SHORT SPECULATORS HAVE NOW BEEN BURIED AS OUR BANKER LONGS TENDERED FOR THE BADLY NEEDED SILVER. THE SHORT SILVER SPECS ARE IN TROUBLE

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON THURSDAY NIGHT//FRIDAY MORNING: A MEGA HUGE SIZED 1423 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS NOW ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1.1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES.

THE BANKERS HAVE BURIED OUR SHORT SPECULATORS AS THEY TOOK THE LONG SIDE OF TRADING THIS PAST WEEK AND THEN THEY TENDERED FOR PHYSICAL SILVER. THE PROBLEM FOR THE SHORT SPECULATORS WILL BE TO FIND THE NECESSARY PHYSICAL SILVER

THUS:

THEN ADD TUESDAY;S 1,93 MILLION OZ QUEUE JUMP

THEN WEDNESDAY;S 0.570 MILLION OZ QUEUE JUMP

THEN YESTERDAY’S 0.080 MILLION OZ

THEN TODAY’S 425,000 IZ

EQUALS

15.335 MILLION OZ STANDING FOR SILVER.

WE HAD:

/ MEGA HUGE COMEX OI GAIN+// A 620 EFP ISSUANCE CONTRACTS (/ VI)  A HUMONGOUS NUMBER OF  T.A.S. CONTRACT ISSUANCE 1190CONTRACTS)

TOTAL CONTRACTS for 5DAY(S), total 1530 contracts:   OR 7.650 MILLION OZ  (306 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  7.650 MILLION OZ

LAST 24 MONTHS TOTAL EFP CONTRACTS ISSUED  IN MILLIONS OF OZ:

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: MILLION OZ 140.120

SEPT. 28.230 MILLION OZ//

OCT:  94.595 MILLION OZ

NOV: 131.925 MILLION OZ

DEC: 100.615 MILLION OZ

 JAN 2022-DEC 2022

JAN 2022//  90.460 MILLION OZ

FEB 2022:  72.39 MILLION OZ//

MARCH 2022: 207.140  MILLION OZ//A NEW RECORD FOR EFP ISSUANCE

APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE

MAY: 105.635 MILLION OZ//

JUNE: 94.470 MILLION OZ

JULY : 87.110 MILLION OZ

AUGUST: 65.025 MILLION OZ

SEPT. 74.025 MILLION OZ///FINAL

OCT.  29.017 MILLION OZ FINAL

NOV: 134.290 MILLION OZ//FINAL

DEC, 61.395 MILLION OZ FINAL

JAN 2023///   53.070 MILLION OZ //FINAL

FEB: 2023:       100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.

MARCH 2023:  112.58 MILLION OZ//FINAL//STRONG ISSUANCE

APRIL  111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)

MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)  

JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH

JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)

AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD

SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)

OCT: 97.455 MILLION OZ

NOV.  50.050 MILLION OZ 

DEC. 66.140 MILLION OZ//

JAN ’24 : 78.655 MILLION OZ//

FEB /2024 : 66.135 MILLION OZ./FINAL

MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.

APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)

MAY: 135.995 MILLION OZ  //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)

JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)

AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.

SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )

NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)

DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ

JANUARY 2025: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)

FEB. 58.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE/FINAL

MARCH: 67.020 MILLION OZ///QUITE SMALL AND BECOMING SMALLER EACH AND EVERY MONTH.

APRIL: 100.895 MILLION OZ///AVERAGE SIZE ISSUANCE

RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1050 CONTRACTS DESPITE OUR LOSS IN PRICE OF $0.12 IN SILVER PRICING AT THE COMEX// THURSDAY.,.  . THE CME NOTIFIED US THAT WE HAD A 620 SIZED CONTRACT EFP ISSUANCE : 620 ISSUED FOR DEC., AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX TO LONDON  AS FORWARDS. 

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WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF  16.050 MILLION  OZ NORMAL DELIVERY , PLUS OUR 4.00 MILLION EX FOR RISK

THE NEW TAS ISSUANCE THURSDAY NIGHT   (1190) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED NO DOUBT WITH FUTURE TRADING!!

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUGE 14,208 OI CONTRACTS  TO 467,539 OI AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,105  AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.) THUS WE HAVE STILL A RELATIVELY LOW OI IN COMEX WITH AN EXTREMELY HIGH PRICE OF GOLD. THE SHORT RATS ARE ABANDONING THE SHIP.

NOVEMBER BEGINS WITH 15.651 TONNES INITIALLY STANDING FOR DELIVERY FOLLOWED BY TODAY’S QUEUE JUMP OF 1.542 TONNES/ FOLLOWED BT PREVIOUS QUEUE JUMPS IN OF OF 4.09 TONNES//NEW STANDING ADVANCES TO 21.975TONNES OF GOLD.

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1365 CONTRACTS:

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS  CONTRACT(1365) ACCOMPANYING THE GAIN IN COMEX OI OF 14,228 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 15,559 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR ORIGINAL FORMAT OF BANKERS GOING SHORT AND SPECULATORS GOING LONG  ,2.) STRONG INITIAL STANDING FOR GOLD FOR NOV AT 15.651 TONNES OF NORMAL DELIVERY TO WHICH WE ADD OUR QUEUE JUMP OF 1.542TONNES TO PREVIOUS QUEUE JUMPS IN NOV OF 4.75 TONNES

NEW STANDING ADVANCES TO 21.975 TONNES.

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS  CONTRACT(1365) ACCOMPANYING THE GAIN IN COMEX OI OF 14,228 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 15,591 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR ABNORMAL FORMAT OF BANKERS GOING SHORT AND SPECULATORS GOING LONG,2.) STRONG INITIAL STANDING FOR GOLD FOR NOV AT 15.575 TONNES PLUS TODAY’S .1.542TONNES QUEUE JUMP FOLLOWED BY NOV QUEUE JUMPS OF 4.75 TONNES

AMT STANDING:= 21.975TONNES.

3) ZERO T.A.S. LIQUIDATION (AND CONSIDERABLE GOVT LIQUIDATION AND ZERO LIQUIDATION OF EQUITY SHARES) AS WE HAD 1)A  $0.50 COMEX PRICE GAIN WE HAD 2) ZERO NET LONG SPECS BEING CLIPPED BUT A MASSIVE SPECS PILING INTO THE COMEX AS WE HAD A HUGE SIZED GAIN OF 15,591 CONTRACTS ON OUR TWO EXCHANGES. HOWEVER WE HAD SOME SHORT SPECULATOR CONTRACTS BEING LIQUIDATED AS THE BANKERS TENDERED FOR PHYSICAL./ ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED TUESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL

  4) HUGE SIZED COMEX OI GAIN/ 5)  V) FAIR SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD (2024)

TOTAL EFP CONTRACTS ISSUED: 7070CONTRACTS OR 707,000 OZ OR 21.99 TONNES IN 5TRADING DAY(S) AND THUS AVERAGING: 1414EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 5 TRADING DAY(S) IN  TONNES: 21.99 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  21.99ONNES DIVIDED BY 3550 x 100% TONNES = 0.619% OF GLOBAL ANNUAL PRODUCTION

 FEB  :  171.24 TONNES  ( DEFINITELY SLOWING DOWN AGAIN)..

MARCH:.   276.50 TONNES (STRONG AGAIN/

APRIL:      189..44 TONNES  ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV:           312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC.           175.62 TONNES//FINAL ISSUANCE//

JAN:2022   247.25 TONNES //FINAL

FEB:           196.04 TONNES//FINAL

MARCH/2022:  409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.

APRIL:  169.55 TONNES (FINAL VERY  LOW ISSUANCE MONTH)

MAY:  247.44 TONNES FINAL//

JUNE: 238.13 TONNES  FINAL

JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD

AUGUST: 180.81 TONNES FINAL

SEPT. 193.16 TONNES FINAL

OCT:  177.57  TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)

NOV.  223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)

DEC:  185.59 tonnes // FINAL

JAN 2023:    228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!

FEB: 151.61 TONNES/FINAL

MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)

APRIL: 197.42 TONNES

MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)

JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)

JULY:  151.69 TONNES (WEAKER THAN LAST MONTH)

AUGUST:  195.28 TONNES (A STRONGER MONTH)//FINAL

SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)

OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.

NOV.   239.16 TONNES//WILL BE STRONG THIS MONTH,

DEC. 213.704 TONNES. A STRONG MONTH//

2024 AND 2025:

JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)

FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)

MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.

APRIL; 208.57 TONNES. STRONG THIS MONTH

MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH

JUNE: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL

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 OCT. 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.”

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A HUGE SIZED 1050 CONTRACTS OI  TO 157,083 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 620 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

DEC 620 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI GAIN OF 1050CONTRACTS AND ADD TO THE 620 E.FP. ISSUED

WE OBTAIN A HUGE SIZED GAIN OF 1670 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR LOSS OF $0.12 THE RATS ARE FLEEING THE ARENA.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 8.350 MILLION PAPER OZ

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

//Hang Seng CLOSED CLOSED UP 550.49PTS OR 2.12%

// Nikkei CLOSED : UP 671.41PTS OR 1.34% //Australia’s all ordinaries CLOSED UP 0.30%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.1195/ OFFSHORE CLOSED UP AT 7.1244/ Oil DOWNTO 59.25 dollars per barrel for WTI and BRENT DOWN TO 63.09 Stocks in Europe OPENED ALL MOSTLY RED

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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

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 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A HUGE 14,228 CONTRACTS TO 467,539 OI WITH THE SMALL GAIN IN PRICE OF $0.50 WITH RESPECT TO THURSDAY’S // TRADING/ //COMEX CLOSING TIME:… WE 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 (1365). WE HAD ZERO T.A.S. LIQUIDATION THURSDAY. HOWEVER IT WAS THE MAJOR SPECULATORS THAT WENT LONG AGAIN AND THE BANKERS WHO TOOK THE SHORT SIDE. THE LONGS ON WEDNESDAY NIGHT TENDERED THEIR BOUGHT CONTRACTS FOR PHYSICAL.

WE HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 15,591CONTRACTS (OR 11.14TONNES).THEN WE WERE NOTIFIED OF A 0 CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS ISSUED FOR NIL OZ OR 0 TONNES OF GOLD.

THUS THE TOTAL NUMBER OF CONTRACTS EXCHANGE FOR RISK ISSUED FOR THE MONTH OF OCT FOR GOLD REMAINS AT 14.553 TONNES OF GOLD UNDER THE GUIDANCE OF 6 ISSUANCES.

HERE IS A CLOSER LOOK AT EXCHANGE FOR RISK ISSUANCES FOR THESE PAST 4 MONTHS;

(TOTAL EXCHANGE FOR RISK LAST 4 MONTHS 70.097 TONNES//BANK OF ENGLAND TOTAL RESERVES LISTED AT 310 TONNES.)

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 BADLY AS 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!

AUGUST: 7 ISSUANCES FOR A MONTHLY MONSTER 14,370 CONTRACTS OR 1,437,000 OZ ( 44.696) TONNES). EARLY IN THE MONTH THE CME ISSUED THE 2ND HIGHEST EVER MONTHLY RECORDED ISSUANCE OF 2924 CONTRACTS AND THIS IS FOLLOWED BY THURSDAY’S HUGE ISSUANCE OF 2226 CONTRACTS THUS BECOMING THE 4TH HIGHEST EVER RECORDED BY THE CME, SLIGHTLY BELOW AN ISSUANCE OF 2924 CONTRACTS. THE HUGE NUMBERS OF EXCHANGE FOR RISK SUGGEST THAT A MAJOR CENTRAL BANK IS DEMANDING ITS GOLD BACK.

SEPTEMBER: SEVEN ISSUANCES SO FAR TOTALLING 7,370 CONTRACTS OR 737,000 OZ OR 22.923 TONNES.

THESE ISSUANCES WILL OF COURSE BE ADDED TO OUR NORMAL DELIVERIES TO GIVE US OUR TOTAL SEPT STANDING FOR GOLD.

WE RECEIVED NOTICE THAT OUR INITIAL EXCHANGE FOR RISK ISSUED ON FIRST DAY NOTICE WAS FOR 500 CONTRACTS OR 50,000 OZ /1.555 TONNES OF GOLD!!THAT WAS FOLLOWED BY A STRONG 650 CONTRACT ISSUED THURSDAY OCT 2 FOR 2.0217 TONNES AND THAT WAS FOLLOWED THE NEXT DAY BY ANOTHER HUGE 1320 CONTRACT ISSUANCE FOR 13,200 OZ OR 4.1057 TONNES AND THIS WAS FOLLOWED BY SATURDAY’S OCT 4: 180 CONTRACT ISSUANCE FOR 18,000 OZ OR .5596 TONNES:THIS BRINGS US TO OCT 8 WITH A HUGE ISSUANCE OF 1000 CONTRACTS FOR 100,000 OZ OR 3.1104 TONNES. NOW AFTER A TWO WEEK HIATUS, OCT 21: 1029 CONTRACTS FOR 10290 OZ OR 3.200 TONNES TOTAL ISSUANCES 6 OCCASIONS FOR 4679 CONTRACTS OR 467,900 OZ OR 14.553 TONNES

WE HAD A HUGE FIVE EXCHANGE FOR RISKS ISSUANCES FOR GOLD, TOTALLING 18.4527 TONNES!.

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.

WE CONCLUDED APRIL WITH 7 ISSUANCE OF EXCHANGE FOR RISK FOR A TOTAL TONNAGE OF 8.3571 TONNES.

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 9.4054 TONNES FOR THE 3 ISSUANCE!

AS I EXPLAINED ABOVE,:THE RECIPIENT OF EXCHANGE FOR RISK FOR GOLD IS THE BANK OF ENGLAND

here are the only possible candidates who must bring back loaned gold

  1. THE BANK OF ENGLAND WHO CONTINUES TO LEASE OUT MUCH ITS GOLD TO BULLION BANKS AND :(EX FOR RISK 9 MONTH TOTALS 130.3TONNES)//TOTAL RESERVES OF BOE EQUALS 310 TONNES)
  2. THE FEDERAL RESERVE BANK OF NEW YORK (NEED TO RETRIEVE THEIR LEASED/BORROWED GOLD FROM THE BIS).THE FED STILL REFUSES TO BRING BACK MUCH OF ITS 30 TONNES SHORTFALL. IT BOUGHT BACK ONLY 4 TONNES LAST MONTH AND THUS THEIR SHORTFALL TO THE BIS IS 30 TONNES.

HOWEVER, IN OUR CASE, EXCHANGE FOR RISK RECIPIENT IS THE BANK OF ENGLAND. THE COUNTERPARTY TO THE BANK OF ENGLAND EXCHANGE FOR RISK ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED. THE BUYER, REPRESENTING THE CENTRAL BANK OF ENGLAND ASSUMES THE RISK OF THAT DELIVERY. THIS IS THE 9TH MONTH FOR ISSUANCE OF EXCHANGE FOR RISK !!…..(DEC THROUGH OCT//ONLY MISSING JUNE. TOTAL 9 MONTHS ISSUANCE 130.3 TONNES)……… THE FACT THAT A CENTRAL BANK TAKES THE RISK OF A DELIVERY IS TOTALLY INSANE. THE VERY FIRST ISSUE OF EXCHANGE FOR RISK CAME IN MAY 2023. HUGE ISSUANCES BEGAN OCT AND DEC 2024. ROBERT LAMBOURNE, GATA CONSULTANT AND EXPERT ON BIS AND BANK OF ENGLAND ISSUES HAS WRITTEN TO THE BANK OF ENGLAND AUTHORITIES CONCERNING THE REFUSAL OF THE BANK OF ENGLAND’S E.E.A. AUDITORS TO SUPPLY A POSITIVE AUDIT ON THEIR GOLD TONNAGE AND OTHER ASSETS HELD UNDER THE E.E.A. .AND NOW THE OCC HAS WRITTEN NEW RULES ON BORROWED GOLD AND THE HANDLING OF EXCHANGE FOR PHYSICAL ISSUANCES AS TO NOT BREAK ANY LAWS!!! STRANGE: THEY HAVE BEEN BREAKING LAWS FOR 5 YEARS NOW.

IN TOTAL WE HAD A HUGE SIZED GAIN ON OUR TWO EXCHANGES OF 15,591 CONTRACTS WITH OUR SMALL 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 AND OUR SHORT SPECULATORS 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 6.0% LATELY AS GOLD IN LONDON IS STILL EXTREMELY SCARCE. THE FORCE MAJEURE AT GRASBERG IS CERTAINLY HAVING AN EFFECT ON LEASE RATES IN LONDON WITH RESPECT TO GOLD/SILVER.

THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH OCT/EARLY NOVEMBER 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 HUGE SIZED T.A.S ISSUANCE AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 5561 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 AGAIN ON LAST FRIDAY’S AND LAST TUESDAY’S HUGE RAIDS, DESPERATELY TRYING TO STOP GOLD’S ADVANCE. THIS GENERALLY ENDS IN FAILURE AS WE WE WILL PROBABLY SEE GOLD//SILVER RISE HUGELY ON OUR UPCOMING DAYS.

AS FOR THE FIRST TIME EVER, THEY FAILED TO RAID AT MONTH’S END AUGUST COMEX AND OTC/LONDON LBMA EXPIRY!! SO THE CROOKS DECIDED IT WAS NECESSARY TO RAID AROUND THE BIG INTEREST RATE ANNOUNCEMENT SEPT 17-SEPT 18 AND THEY TRIED AGAIN RIGHT BEFORE FIRST DAY NOTICE SEPT 30, WITH MUCH FAILURE AS THE TOTAL OPEN INTEREST REFUSED TO BUCKLE!! THIS LEADS US TO FIRST DAY NOTICE SEPT 30 AND THE LAST POSSIBLE DAY FOR A RAID AND TRUE TO FORM OUR CROOKS DECIDED TO RAID MUCH TO THE DELIGHT OF OUR BOYS IN LONDON WHO PICKED UP EXTRA AMOUNTS OF GOLD AND TENDERED FROM THIS SHORT PAPER ISSUANCE. THEN MUCH TO MY ANGER THEY DECIDED TO RAID AGAIN ON OCT 2 WITH CHINA OFF THIS WEEK FOR THEIR FALL FESTIVAL (BACK TODAY) AND OF COURSE THE IMPORTANT RELIGIOUS HOLIDAY FOR THE JEWISH PEOPLE OCT 1-2, YOM KIPPUR. AGAIN THIS ENDED IN ABSOLUTE FAILURE AS LONDON AGAIN CAME TO THE RESCUE WITH THEIR MASSIVE TENDERING FOR PHYSICAL. YOU CAN JUST VISUALIZE THE MASSIVE HEADACHE THE CROOKS UNDERWENT WITH THIS HUGE PHYSICAL TENDERING FOR GOLD.(THE HUGE INCREASE IN QUEUE JUMPING). AND NOW AS WE ARE FINISHING OPTION EXPIRY WEEK, THE CROOKS GOADED OUR SPECULATORS TO CONTINUE ONTO THE SHORT SIDE WITH THE BANKERS ON THE LONG SIDE…THE RAIDS THROUGHT THIS WEEK WERE FREQUENT BUT FAILED TO CAUSE ANY DAMAGE TO THE PRICE WITH OPTIONS EXPIRY FINISHING OCT 31 AS WE NOW ENTER OUR MONTH OF NOVEMBER

FOR THE MONTH OF AUGUST:

E) AFTER A TWO WEEK HIATUS: ITS 6TH ISSUANCE FOR 1029 CONTRACTS/102,900 OZ OR 3.200 TONNES

TO WHICH WE ADD ALL OUR QUEUE JUMPING IN OCT:

Y) OCT 30 QUEUE JUMP OF 0.00311 TONNES

(ALL OF THESE QUEUE JUMPS ARE REPRESENTED BY CENTRAL BANKS DESPERATELY ADDING TO THEIR OFFICIAL RESERVES)

END

THE FED IS THE OTHER MAJOR SHORT OF AROUND 54+ TONNES OF GOLD OWING TO THE B.I.S. THE OCC ORDERED THE BANKS TO COVER THEIR GOLD LOSSES FROM OCC BETS. THIS IS SUCH A SMALL FRACTION OF WHAT IS OWED!!! THE FRBNY BORROWED GOLD FROM THE BIS TO COVER THOSE HUGE LOSSES OF AROUND 24 TONNES OF GOLD.. THE FED IS VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES IF THEY DO NOT BORROW THIS GOLD.

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 OF 54 TONNES REMAIN ON THE BOOKS OF THE BIS.

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 E.G. NOVEMBER: A HUGE 15.651 TONNES STANDING IN AN OFF MONTH!! THIS IS HUGE!!!

THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED EXCHANGE FOR PHYSICAL OF 1365 CONTRACTS.

THAT IS FAIR SIZED 1365 EFP CONTRACT WAS ISSUED: :  /DEC  670 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1365 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 O.C.C. HEADQUARTERED IN BOTH LONDON AND WASHINGTON. SEEMS NOW THAT THE OCC IS CLAMPING DOWN ON THIS EFP’S CIRCLING AROUND IN LONDON AS THEY ORDERED THE BULLION BANKS TO COVER MUCH OF THEIR DERIVATIVE BETS ON THESE CONTRACTS!! THUS THE FRBNY SAVED OUR BULLION BANKS FROM EXTINCTION WITH THIS BORROWED GOLD FROM THE BIS OF 24 TONNES

WE HAD :

  1. ZER0 LIQUIDATION OF OUR T.A.S. SPREADERS//THURSDAY + GOVERNMENT LIQUIDATION
  2. MONTH END SPREADERS HAVE NOW FINISHED AS IT WAS IN FULL FORCE ON FIRST DAY NOTICE OCT 31 WITH OUR ATTEMPTED FAILED RAID,

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 THURSDAY NIGHT/FRIDAY MORNING WAS A HUGE SIZED SIZED 5561 CONTRACTS  

THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR OTHERWISE LIKE THIS MONTH ON OPTIONS EXPIRY WEEK ACCOMPLISHES TWO IMPORTANT ASPECTS FOR OUR CROOKS:

  1. STALLS THE ADVANCE IN PRICE
  2. LOWERS THEIR ADVANCING DERIVATIVE LOSSES.

THAT SET UP WEDNEDAY’S GAIN IN PRICE IN GOLD WITH A CORRESPONDING STRONG GAIN OF COMEX OI AND A SMALL EXCHANGE FOR PHYSICAL ISSUANCE.. THE COMEX IS IN TOTAL TURMOIL ESPECIALLY THESE PAST 3 MONTHS WITH THE FOLLOWING;

  1. WITH JULY’S RARE TWO ISSUANCES OF EXCHANGE FOR RISK (LATE IN JULY)
  2. AND THIS WAS FOLLOWED WITH AUGUST’S 7 ISSUANCES OF EXCHANGE FOR RISK FOR 44.696 TONNES
  3. TO BE FOLLOWED BY SEPTEMBER’S 7 ISSUANCES FOR EXCHANGE FOR RISK FOR 22.923 TONNES.
  4. TO BE FOLLOWED BY OCTOBER’S 6 ISSUANCES FOR 14.553 TONNES
  5. THE LONDON BANKING AUDITORS HAVE SO FAR REFUSED TO GIVE CERTIFICATION ON THE BANK OF ENGLAND’S SISTER HOLDING OPERATION, THE E.E.A. ON ITS GOLD AND OTHER ASSETS HELD UNDER THE E.E.A.(SEE ROBERT LAMBOURNE’S LETTER OCT 8/
  6. FRBNY BORROWS ANOTHER 24 TONNES OF GOLD FROM THE BIS IN OCT TO SAVE THE BULLION BANKS FROM EXTINCTION AFTER THE O.C.. ORDERED THE BULLION BANKS TO BE ONSIDE WITH THEIR DERIVATIVES. THE FRBNY IS NOW SHORT 54+ TONNES OF GOLD.
  7. MASSIVE REMOVAL OF COMEX CONTRACTS FROM PRELIMINARY OI TO FINAL OI

113.30 TONNES (WHICH INCLUDES 43.408 TONNES EX FOR RISK)

256.607 TONNES (WHICH INCLUDES 18.4567 TONNES OF EX FOR RISK)

STANDING FOR GOLD : 60.33 TONNES + 7.6179 TONNES EX FOR RISK = 67.9479 TONNES  WHICH IS EXTREMELY HIGH FOR A NON DELIVERY MONTH.

FINAL STANDING FOR GOLD: 201.573 TONNES + 8.3571 TONNES EX FOR RISK = 209.953 TONNES

SEPT:

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.

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

AN/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

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

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $0.50/ /) AND WERE UNUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A HUGE GAIN IN OI FROM TWO EXCHANGES OF 15,591 CONTRACTS.. BUT AS EXPLAINED ABOVE WE HAD ZERO T.A.S. SPREADER LIQUIDATION THURSDAY HOWEVER WE DID HAVE AGAIN HUGE SPECULATOR SHORT COVERING AS THEY ARE THE ONES WHO ARE MASSIVELY SHORT TUESDAY AS THE BANKERS WENT LONG . THE BANKERS TENDERED FOR PHYSICAL LAST NIGHT MUCH TO THE HORROR OF OUR SHORT SPECS WHO MUST NOW FIND THE NECESSARY PHYSICAL GOLD TO SATISFY THEM. THE COMEX IS ONE BIG MESS!!

THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING/ FRIDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING WEEKS TO DELIVER

OCT AT 90.164 TONNES TO BE FOLLOWED BY ALL PREVIOUS QUEUE JUMPS OF 75.696 TONNES WHICH WE ADD OUR 14.553 TONNES EX FOR RISK/6 OCCASIONS:

AND NOW NOVEMBER:

speculators have left the gold arena

NOV 7

GoldOunces
Withdrawals from Dealers Inventory in oz
 nil
Withdrawals from Customer Inventory in oz2 ENTRIES

2 ENTRIES

i) Out of Brink34,189.500 oz
ii) Out of JPMorgan 482,265 oz (15 kilobars)

total withdrawal 34,671.765 oz

1.078 tonnes











Deposit to the Dealer Inventory in oz




0 ENTRIES



















Deposits to the Customer Inventory, in oz








DEPOSITS/CUSTOMER
































1 entries

i) Into Delaware 198.00 oz

total deposit 198.000 oz












xxxxxxxxxxxxxxxxI
No of oz served (contracts) today489 notice(s)
48,900 OZ

1.5209TONNES OF GOLD
No of oz to be served (notices)180 contracts 
 18000 OZ
0.5598 TONNES

 
Total monthly oz gold served (contracts) so far this month6885notices
688500 0z
21.415 ONNES
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this month

dealer deposits: 0

0 ENTRIES





xxxxxxxxxxxxxxxxxxxxx

1 entries

i) Into Delaware 198.00 oz

total deposit 198.000 oz


2 ENTRIES

i) Out of Brink34,189.500 oz

ii) Out of JPMorgan 482,265 oz (15 kilobars)

total withdrawal 34,671.765 oz

1.078 tonnes





they are draining the comex of gold







xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx




first two deaer to customer

a) Asahi> 11,439,429 oz

b) Manfra 43,509,933 iz

next customer to dealer

c) Brinks 43,509,933 oz

volume at the comex: THURSDAY: 281,242 oz ( fair)//


THE FRONT MONTH OF NOV STANDS AT 669 CONTRACTS FOR A GAIN OF 137 CONTRACTS.

WE HAD 359 CONTRACTS SERVED ON THURSDAY. SO WE GAINED A STRONG 496 CONTRACTS FOR 49,600 OZ OF GOLD (1.542TONNES).

DECEMBER GAINEDCONTRACTS UP TO 8294 CONTRACTS .

JANUARY LOST 4 CONTRACTS DOWNTO 824

We had 489 contracts filed for today representing 48,900 oz  

To calculate the INITIAL total number of gold ounces standing for NOV /2025. contract month, we take the total number of notices filed so far for the month (6885 oz ) to which we add the difference between the open interest for the front month of  NOV ( 669CONTRACTS)  minus the number of notices served upon today  (489x 100 oz per contract) equals  706,500 OZ  OR 21.975ONNES OF GOLD

thus the INITIAL standings for gold for the NOV contract month:  No of notices filed so far (6885x 100 oz +we add the difference for front month of NOV (669 OI} minus the number of notices served upon today (489)x 100 oz) which equals  706,500 OZ OR 21.975 TONNES

TOTAL COMEX GOLD STANDING FOR NOV..: 21.975TONNES TONNES WHICH IS HUGE FOR THIS NORMALLY SMALL NON ACTIVE ACTIVE DELIVERY MONTH OF NOVEMBER

volume THURSDAY confirmed 247,772 contracts ok

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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 OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 37,847,208.989 oz  

TOTAL OF ALL ELIGIBLE GOLD 17,834,353.911OZ

total inventories in gold declining rapidly

INITIAL/

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory





































5 entries

i) out of Asahi 717627.01 oz
ii) Out of BrinksL 300,451.400 oz
iii) Out of Delaware 4010,65 oz
iv) Out of ManfraL 278,687.823 oz
v) Out if Stonex 191,155,839 iz









total withdrawal 1,491,932,713oz




































































































































































































































































 










 
Deposits to the Dealer Inventory

















0 ENTRY


























 
Deposits to the Customer Inventory
















































































































DEPOSIT ENTRIES/CUSTOMER ACCOUNT











2entries


i) into Delaware: 1,948.960 oz
ii)Into Loomis 1,500,074.650 oz

total deposit 1,502,923,619oz








 




























































































 
No of oz served today (contracts)86CONTRACT(S)  
 ( 0.430 MILLION OZ
No of oz to be served (notices)51 contracts 
(0.255MILLION oz)
Total monthly oz silver served (contracts)3016Contracts
 (14.651 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

DEPOSITS INTO DEALER ACCOUNTS

0 ENTRY





xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


i) into Delaware: 1,948.960 oz

ii)Into Loomis 1,500,074.650 oz

total deposit 1,502,923,619oz



`





xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)

5 entries

i) out of Asahi 717627.01 oz
ii) Out of BrinksL 300,451.400 oz
iii) Out of Delaware 4010,65 oz
iv) Out of ManfraL 278,687.823 oz
v) Out if Stonex 191,155,839 iz









total withdrawal 1,491,932,713oz



adjustments: 3:

all dealer to customer

a) Brinks 62,721.400 oz

b) Loomis 15m061.070 oz

iii) Stonex 49,597.729 iz

comex is in turmoil

registered silver dropping in numbers

silver open interest data:

FRONT MONTH OF NOVEMBER /2025 OI: 137 OPEN INTEREST CONTRACTS FOR A GAIN OF 68 CONTRACTS. WE HAD 17 NOTICES SERVED ON THURSDAY SO WE GAINED 85 OR 0.425MILLION OZ QUEUE JUMP.

DECEMBER LOST 352 CONTRACTS DOWN TO 102,412

JANUARY GAINED 68 CONTRACTS UP TO 940 CONTRACTS

CONFIRMED volume; ON THURSDAY 55,271good//

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.

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

special thanks to Kevin W,, for obtaining this for us;

Financial Times Nov. 6, 2025 

The US Department of the Interior has added copper, silver and metallurgical coal to its list of “critical minerals”, increasing the likelihood that these materials could be included in future tariff policies. The three materials are among 10 elements added on Thursday to the list, which is updated every three years by the US Geological Survey. The list determines which minerals are included in the upcoming Section 232 tariff review of levies applied for national security purposes. It also plays a role in determining which domestic projects may receive federal support. The Trump administration has made it a top priority to secure the supply chains of critical minerals used in the US, and greatly expanded the definition of what constitutes a “critical” mineral.

Several of the additions are materials that the US already produces in large quantities and exports, such as metallurgical coal and boron. The USGS said that boron was added after input from industry producers in California. “This list is a signal to the market about what the US government is prioritising,” said Gracelin Baskaran, director of the critical minerals security programme at the Center for Strategic and International Studies. “It will be easier to line up government support for a mineral designated as ‘critical’.” While the addition of copper and coal was widely expected, the inclusion of silver has the potential to upend the market for the white metal if tariffs are introduced. Suki Cooper, an analyst at Standard Chartered, said the question of whether the US would tariff silver was “murky”. The inclusion of silver on the list is the “first step in that process,” she noted.

Suki Cooper, an analyst at Standard Chartered, said the question of whether the US would tariff silver was “murky”. The inclusion of silver on the list is the “first step in that process,” she noted.

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However the US has already included some customs codes for silver on its list of tariff exemptions, implying that certain types of silver are unlikely to be hit. Fears of potential silver tariffs have led to a huge build-up of inventories in New York — where stockpiles hit record levels last month — and caused temporary shortages of silver in London. The US imports about two-thirds of its silver, which is widely used in electronics and solar panels, as well as in jewellery and for investment purposes. Silver prices hit record levels above $50 per ounce in October due to increased demand from industry as well as from investors.

Other additions to the list include lead, phosphate, silicon, uranium and rhenium, which is used in jet engines. The USGS also identified certain elements that have the “highest risk” of disruption in supply chains — including rhodium, gallium, germanium, tungsten, several rare earth elements, and potash, which is primarily imported from Canada.

USGS defines a critical mineral as “those commodities which are essential to the economic or national security of the US; have a supply chain that is vulnerable to disruption; and serve an essential function in the manufacturing of a product, the absence of which would have significant consequences for the economic or national security of the US”. A similar list is maintained by the Department of Energy, which includes 41 elements and was last updated in 2023.

//Hang Seng CLOSED CLOSED UP 550.49PTS OR 2.12%

// Nikkei CLOSED : UP 671.41PTS OR 1.34% //Australia’s all ordinaries CLOSED UP 0.30%

//Chinese yuan (ONSHORE) CLOSED UP TO 7.1195/ OFFSHORE CLOSED UP AT 7.1244/ Oil DOWNTO 59.25 dollars per barrel for WTI and BRENT DOWN TO 63.09 Stocks in Europe OPENED ALL MOSTLY RED

ONSHORE USA/ YUAN TRADING UP TO 7.1195 OFFSHORE YUAN TRADING UP TO 7.1244:/ONSHORE YUAN TRADING ABOVE OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER//OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER

ONSHORE YUAN:   CLOSED UP AT 7.1195

OFFSHORE YUAN: DOWN TO 7.1244

HANG SENG CLOSED UP 550.49 PTS OR 2.12%

2. Nikkei closed UP 676.41 PTS OR 1.34%

3. Europe stocks   SO FAR:  ALL MOSTLY RED

USA dollar INDEX DOWN TO  99.79 EURO RISES TO 1.1522 UP 2 7BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +1.657//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 153.45…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA. JAPAN 30 YR BOND YIELD: 3.075 DOWN 2 FULL BASIS PTS.

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 DOWN for WTI and DOWN FOR BRENT this morning

3h European bond buying continues to push yields HIGHER on all fronts in the EMU. German 10yr bund YIELD DOWNTO +2.65340/ Italian 10 Yr bond yield UP to 3.4120SPAIN 10 YR BOND YIELD UP TO 3.167

3i Greek 10 year bond yield UP TO 3.307

3j Gold at $3989.60 Silver at: 48.25  1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 0 AND 2/100  roubles/dollar; ROUBLE AT 81.12

3m oil (WTI) into the 59 dollar handle for WTI and  63 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 153.45 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.673% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.//JAPAN 30 YR: 3.085 UP 1 BASIS PTS.

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.8087 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9319 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: 4.099 DOWN 4 BASIS PTS…

USA 30 YR BOND YIELD: 4.694 DOWN 4 BASIS PTS/

USA 2 YR BOND YIELD:  3.526DOWN 6 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 42.12 UP 4BASIS PTS/LIRA GETTING KILLED

10 YR UK BOND YIELD: 4.4330 DOWN 1 PTS

30 YR UK BOND YIELD: 5.217 DOWN 4BASIS PTS

10 YR CANADA BOND YIELD: 3.119 DOWN 2 BASIS PTS

5 YR CANADA BOND YIELD: 2.688DOWN 4 BASIS PTS.

end

Kazakhstan joins Abraham Accords following trilateral phone call with Netanyahu, Trump

“The most important thing [is] it will ‘bring to life’ the issue of the Abraham Accords, ahead of more countries joining,” a source with knowledge of the matter told The Jerusalem Post. 

(illustrative) The flags of Israel and Kazakhstan

(illustrative) The flags of Israel and Kazakhstan(photo credit: SHUTTERSTOCK)ByAMICHAI STEINDARCIE GRUNBLATTCORINNE BAUMJAMES GENNNOVEMBER 6, 2025 19:33Updated: NOVEMBER 7, 2025 03:22

Kazakhstan officially joined the Abraham Accords following a trilateral phone call between US President Donald Trump, Prime Minister Benjamin Netanyahu, and Kazakh President Kassym-Jomart Tokayev, Trump confirmed in a Thursday Truth Social post.

Kazakhstan’s signature of the accords will be the “first of many” of Trump’s second term, he affirmed.

“This is a major step forward in building bridges across the World. Today, more Nations are lining up to embrace Peace and Prosperity through my Abraham Accords,” he wrote.

“There are many more Countries trying to join this club of STRENGTH. So much more to come in uniting Countries for Stability and Growth – Real progress, real results. BLESSED ARE THE PEACEMAKERS!” he concluded.

“This evening, I’m also delighted to report that Kazakhstan has officially agreed… a tremendous country with a tremendous leader, has officially joined the Abraham Accords – and I just want to thank you, Mr. President, it’s a great honor, a tremendous honor to have you,” Trump said at the meeting between the Trump administration and the Central Asian states, including Kazakhstan, at the White House.

“You are the great leader, statesman, sent by Heaven to bring commonsense and traditions that we all share and value back into the United States’ policy, either domestic or foreign, therefore millions of people in so many countries are so grateful to you, and I’m convinced your wise and bold policies need to be strongly supported worldwide,” Tokayev responded.

“The momentum of the Abraham Accords is alive and well in the second Administration,” Vice President JD Vance commented, also affirming that other countries are likely to join in the coming months.

Also present were officials from Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan.

The announcement brings issue of normalization ‘to life,’ source tells ‘Post’

On Thursday, US Special Envoy Steve Witkoff had said he would announce the entry of a new nation into the Abraham Accords agreement with Israel.

“The most important thing [is] it will ‘bring to life’ the issue of the Abraham Accords, ahead of more countries joining,” the source told The Jerusalem Post.

Witkoff told a business forum in Florida that he would be returning to Washington for the announcement and declined to say which country it would be.

So far, the United Arab Emirates, Bahrain, and Morocco are members of the Abraham Accords. Sudan also joined the accords in 2021, but the deal was never finalized due to internal unrest in the African nation.

Trump administration pushes to expand Abraham Accords

Witkoff had hinted in June that several countries would soon be joining.

“One of the president’s key objectives is that the Abraham Accords be expanded,” Witkoff told CNBC.

In the same interview, Witkoff stressed that he and his team have been coordinating with Secretary of State Marco Rubio to persuade more countries to sign.

“We are hoping for normalization across an array of countries that people never would have contemplated would come in, so we are excited for that prospect; it will also be a stabilizer in the Middle East,” Witkoff said.

History of Israeli-Kazakh relations

Kazakhstan may be the first of several countries to join the Abraham Accords, in light of Witkoff’s earlier statements. Israel and Kazakhstan established diplomatic relations in 1992; the Israeli embassy in Almaty was established later that year.

Prime Minister Benjamin Netanyahu first visited the country in 2016.

Jerusalem and Astana last signed an agreement in 2022, which established trilateral development cooperation between Israel and several Central Asian countries.

Kazakhstan Chief Rabbi Yeshaya Cohen said that the Thursday night reports that Astana was joining the Abraham Accords were exciting but not surprising due to the country’s pro-peace policies.

“I have lived here since 1994, and I see that Kazakhstan is a model for peace and tolerance,” said Cohen.

When Trump announced his intentions to expand the accords, the rabbi said that he believed Kazakhstan to be the “right place,” as there was much that the world could learn from the country about peace and tolerance.

“I knew one day this will be,” said the rabbi, because of the government’s adherence to those principles.

Cohen said that Kazakhstan had fostered a welcoming environment for the seven Jewish congregations in the country, which was also home to the resting place of Rabbi Levi Yitzchak Schneerson, father of Lubavitcher Rebbe Menachem Mendel Schneerson.

The elder Schneerson was exiled to Kazakhstan by the Soviet Union for practicing his faith, and Cohen noted that his legacy was well respected by authorities. The main synagogue in Almaty is a few hundred meters from the grave site.

Trump hopeful Saudi Arabia to join accords, as State Dept. explores Azerbaijan, Uzbekistan signing

Trump has been upbeat about the prospects that regional heavyweight Saudi Arabia will finally join the accords since a ceasefire went into effect in Gaza last month, but Riyadh has shown no willingness to move ahead without at least a pathway to Palestinian statehood.

Saudi Arabia’s Crown Prince Mohammed bin Salman is expected to visit the White House on November 18.

Other Central Asian countries such as Azerbaijan and Uzbekistan, both of which have close ties with Israel, have also been seen as potentially joining the Abraham Accords, which is considered a signature foreign policy achievement of Trump’s first term.

Reuters contributed to this report.

end

Insanity

USA/ YEN 153.45 DOWN 0.644 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//JAPAN IN TROUBLE WITH RISING RATES

GBP/USA 1.3086UP .0034 OR 34 BASIS PTS

USA/CAN DOLLAR:  1.4122 UP 0.0020 CDN DOLLAR DOWN 20 BASIS PTS//CDN DOLLAR GETTING KILLED)

 Last night Shanghai COMPOSITE CLOSED UP38.51 PTS OR 0.97%

 Hang Seng CLOSED UP 550.49PTS OR 2.12%

AUSTRALIA CLOSED UP 0.30%

 // EUROPEAN BOURSE:    ALL MOSTLY RED

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL MOSTLY RED

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 550.49PTS OR 2.12%

/SHANGHAI CLOSED UP 38,51POINTS OR 0.97%

AUSTRALIA BOURSE CLOSED UP 0.30 %

(Nikkei (Japan) CLOSED UP 676.41 PTS OR 1.34%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 3995.20

silver:$48.13

USA dollar index early FRIDAY  morning: 99.79 DOWN 27 BASIS POINTS FROM THURSDAY’s CLOSE

Portuguese 10 year bond yield: 3.015 % DOWN 1/ 2 in basis point(s) yield

JAPANESE BOND 10 yr YIELD: +1.675% UP 1 FULL POINTS AND 0/100   BASIS POINTS /JAPAN losing control of its yield curve/

JAPAN 30 YR: 3.085 UP 1 BASIS PTS//DEADLY

SPANISH 10 YR BOND YIELD: 3.167 DOWN 1in basis points yield

ITALIAN 10 YR BOND YIELD 3.4142 UP 0 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.6540 DOWN 1 BASIS PTS

Euro/USA 1.1522 UP 0.0027 OR 27basis points

USA/Japan: 153.45 DOWN 0.644OR YEN IS UP 65 BASIS PTS//

Great Britain 10 YR RATE 4.4330 DOWN 1 BASIS POINTS //

GREAT BRITAIN 30 YR BOND; 5.217 DOWN 4 BASIS POINTS.

Canadian dollar DOWN 0.0020 OR 20 BASIS pts  to 1.4123

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan CNY UP AT 7.1195ON SHORE ..

THE USA/YUAN OFFSHORE UPTO 7.1244

TURKISH LIRA:  42.102EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +1.676 UP 1 FULL basis pts

THE 30 YR JAPANESE BOND YIELD: 3.085 UP 2 basis pts

Your closing 10 yr US bond yield DOWN 4 in basis points from THURSDAY at  4.099% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.694 DOWN 4basis points  /11:00 AM

USA 2 YR BOND YIELD: 3.526 DOWN 6 BASIS PTS.

GOLD AT 10;00 AM 3978.80

SILVER AT 10;00: 47.95

London: CLOSED DOWN 41.30 PTS OR 0.42%

GERMAN DAX: DOWN 315.72 pts or 1.31%

FRANCE: CLOSED DOWN 103.40pts or 1.36%

Spain IBEX CLOSED UP 19.60 pts or 0.12%

Italian MIB: CLOSED DOWN 369.60or 0..85%

WTI Oil price  59.25 0.00 EST/

Brent Oil:  63.09 10:00 EST

USA /RUSSIAN ROUBLE ///   AT:  81.12 ROUBLE UP 0 AND  32 100      

CDN 10 YEAR RATE: 3.119 DOWN 3 BASIS PTS.

CDN 5 YEAR RATE: 2.688 DOWN 3 BASIS PTS

Euro vs USA 1.1547 UP 0.0051 OR 51 BASIS POINTS//

British Pound: 1.3134 UP .0083 OR 83 basis pts/

BRITISH 10 YR GILT BOND YIELD:  4.4370 down 3 FULL BASIS PTS//

BRITISH 30 YR BOND YIELD: 5.222 down 3 IN BASIS PTS.

JAPAN 10 YR YIELD: 1.682 uUP3FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY

JAPANESE 30 YR BOND: 3.090 UP 2 PTS AND STILL VERY DANGEROUS TO THEIR ECONOMY

USA dollar vs Japanese Yen: 154.19 UP 0.5549BASIS PTS EXTREMELY DANGEROUS/YEN FALLING IN VALUE

USA dollar vs Canadian dollar: 1.4117UP 0.0014 TS// CDN DOLLAR DOWN 14 BASIS PTS CDN DOLLAR

West Texas intermediate oil: 59.60

Brent OIL:  63,43

USA 10 yr bond yield DOWN 6 BASIS pts to 4.090

USA 30 yr bond yield DOWN 5 PTS to 4.6830%

USA 2 YR BOND 3.562 DOWN 7 PTS

CDN 10 YR RATE 3.108 DOWN 6 BASIS PTS

CDN 5 YEAR RATE: 2.675 DOWN 6BASIS PTS

USA dollar index: 99.56DOWN 50 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 42.10GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  81,23 UP 0 AND 12/100 roubles //

GOLD  $3981.30 (3:30 PM)

SILVER: 48.03 3;30 PM)

DOW JONES INDUSTRIAL AVERAGE: DOWN 398.07OR 0.84%

NASDAQ 100 DOWN 489.99PTS OR 1.81%

VOLATILITY INDEX 19.67 DOWN 1,86 PTS OR 9.22%

GLD: $ 366.07 DOWN .44 PTS OR 0.12%

SLV/ $43.55 DOWN 0.10PTS OR OR 0.23%

TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 234.89PTS OR 0.78%

end

For release Saturday-Sunday, November 8-9, 2025

Contact: Chris Powell

Home: 860-646-7383

Mobile: 860-305-4013

______________________________________________

By CHRIS POWELL

Maybe the most effective slogan for Zohran Mamdami’s campaign for mayor of New York City was “A city we can afford.” Indeed, New York long has been famous for being horribly expensive, part of why people often said, “It’s a nice place to visit but you wouldn’t want to live here.”

Of course the whole country is a lot more expensive lately because of inflation, generated in large part by uncontrolled federal government spending and borrowing that has allowed the country to live far beyond its means. Both major political parties are responsible for that.

But the federal government is no more responsible for New York City’s expensiveness than it is for the expensiveness of the rest of the country. The expensiveness of New York City is mainly the responsibility of city government and New York State government.

Mamdani, a Democrat and a socialist, wants to tax the rich more to create a socialist paradise, but New York City’s income tax is determined by state government, not city government, and the rich already pay a hugely disproportionate share of taxes in the state and are notoriously mobile. That narrows the possibilities for making New York “a city we can afford.”

Housing costs in New York City have been driven up by unchecked illegal immigration, a Democratic policy Mamdami supports. 

Mamdani wants more rent control in the city, which will help a few people at the expense of the many by discouraging housing construction and pushing up housing prices even more.

Mamdani wants less enforcement of criminal law in the city and has denounced its police department though crime increases the expense of city living for everyone.

Most city government expense is a matter of the compensation of its employees. New York City’s government workforce is heavily unionized, politically active, generously compensated, and difficult to hold accountable. Making the city more affordable requires making its government more efficient and getting more value from its employees. But the government employee unions are a big component of Mamdani’s party, they embody socialism, and they aren’t likely to cooperate with efficiency.

New York City spends $40,000 per pupil in its school system and yet half the students still fail to meet basic proficiency standards. Graduating so many uneducated young people doesn’t help them earn the income needed to live in an expensive place. 

The city’s transit system, operated jointly state government and city government, is often exposed for fraud, incompetence, goldbricking by its employees, poor maintenance, and generally excessive costs, even as most city residents must rely on it. It long has resisted reform.

Making city bus service free to passengers, as Mamdani would like to do, isn’t such a crazy idea in principle. But it [ITALICS] is [END ITALICS] crazy while the city’s transit system remains so badly managed. Free buses should be financed from transit system efficiencies. 

New York State has had Democratic governors since 2007. New York City hasn’t had a genuinely Republican mayor since Rudy Guiliani left office in 2001. (His successor, billionaire Michael Bloomberg, was nominated by the Republican Party but was actually a Democrat at heart and soon formally became one.)

Since Democrats have been unable to control the cost of living in New York City, a Democratic socialist isn’t likely to do any better without changing some of his premises.

Of course Connecticut is also too expensive and for some of the same reasons New York City is.

Government’s subservience to the government employee unions may be even more demeaning in Connecticut than in New York. Connecticut columnist Red Jahncke reported this week that some retired state employees are receiving pensions much higher than the salaries they earned.

Taxes in Connecticut are high, economic growth is low, education is failing the poor, housing is expensive, poverty and homelessness are worsening, and the Democrats who run the state are advocating rent control as they haggle over zoning legislation that, even if enacted, won’t get much housing built.

So is “democratic socialism” to be Connecticut’s fate as well?    

—–

Chris Powell has written about Connecticut government and politics for many years. (CPowell@cox.net)-END-

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