DEC 26//ALL PRECIOUS METALS SKYROCKET TO THE MOON: GOLD CLOSED UP $39.35 TO $4519.55 ECLIPSING ANDREW MAGUIRE’S PREDICTION OF 4500 GOLD BY THE END OF DECEMBER//SILVER HAD A STELLAR DAY UP A HUGE $4.88 TO $76.83//PLATINUM HAD THE HIGHEST GAIN IN ITS HISTORY UP A HUGE $168.80 TO $2418.55 //PALLADIUM JOINED ITS SISTER PT, WITH A HUGE 191L90 GAIN//GOLD PODCAST TONIGHT COURTESY OF ANDREW MAGUIRE TALKING WITH FOUNDER OF KINESIS//OTHER GOLD COMMENTARY TONIGHT FROM ALASDAIR MACLEOD//PLETHORA OF SILVER COMMENTARIES TONIGHT/SILVER LEASE RATE SKYROCKETS FOR THE ONE MONTH AND THE ONE YR SILVER LEASE SWAP RATES BECOMES A HUGE NEGATIVE 7.0% AND THUS MEGA BACKWARDATION//CHINA SANCTIONS 20 USA FIRMS FOR DEALING WITH TAIWAN//GERMANY ISSUES ITS PAX GERMANICA TO REPLACE PAX AMERICA???//ISRAEL VS HAMAS UPDATES/ISRAEL VS HEZBOLLAH UPDATES//BRANDON SMITH DELIVERS HIS PEARLS OF WISDOM//SWAMP STORIES FOR YOU TONIGHT//
099 H DEUTSCHE BANK AG 5 190 H BMO CAPITAL MARKETS 71 363 H WELLS FARGO SECURITI 50 624 H BOFA SECURITIES 123 661 C JP MORGAN SECURITIES 186 90 690 C ABN AMRO CLR USA LLC 1 709 C BARCLAYS 49 737 C ADVANTAGE FUTURES 61 905 C ADM 42
TOTAL: 339 339 MONTH TO DATE: 36,837
JPMORGAN STOPPED 90/339
DECEMBER
GOLD: NUMBER OF NOTICES FILED FOR DEC/2025: 339 CONTRACTs NOTICES FOR 33,900 OZ or 1.0544 TONNES
total notices so far: 36,837 contracts for 3,683,700 OR 114.578 tonnes)
FOR DEC
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SILVER NOTICES:19 NOTICE(S) FILED FOR 95,000 OZ/
total number of notices filed so far this month : 12,707 CONTRACTS (NOTICES) for 63.535 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $39.75 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.61 TONNES OF GOLD INTO THE GLD..
INVENTORY RESTS AT 1068.27 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $4.88 AT THE SLV:
HUGE CHANGES IN SILVER INVENTORY AT THE SLV:/ // A WITHDRAWAL OF 1,813 MILLION OZ FROM THE SLV MILLION OZ
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 528,782. MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUGE SIZED 805 CONTRACTS TO 154,905 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUGE $0.95 GAIN IN SILVER PRICING AT THE COMEX WITH RESPECT TO WEDNESDAY’S // TRADING. THE LONG SPECULATORS ARE STILL QUITE RELENTLESS AS THEY POUR INTO THE OPEN INTEREST AT THE COMEX AS YOU WILL WITNESS WITH TODAY’S TRADING. THE FRBNY CONTINUES TO SUPPLY THE NECESSARY PAPER AS THEY TRY TO DRIVE THE PRICE SOUTHBOUND WITH THE HELP OF HIGH FREQUENCY TRADERS , T.A.S. SPREADERS AND MONTH END SPREADERS BUT WITH NO SUCCESS ON WEDNESDAY WITH SILVER’S HUGE GAIN IN PRICE. EARLY LAST WEEK WE RECEIVED NOTICE OF OUR FIRST HUGE 170 CONTRACT EXCHANGE FOR RISK AND THEN THE NEXT DAY WE RECEIVED NOTICE OF A SECOND EXCHANGE FOR RISK OF 97 CONTRACTS FOR .485 MILLION OZ AND THEN FINALLY WEDNESDAY DEC 24 WITH OUR 3RD ISSUANCE FOR 1.0 MILLION OZ// AND NOW I HAVE A LITTLE DOUBT OF THE RECIPIENT OF THIS ISSUANCE. THE CENTRAL BANK OF INDIA IS THE LOGICAL CHOICE BUT COULD IT BE THE CENTRAL BANK OF CHINA? THE TOTAL IN OZ FOR THIS EXCHANGE FOR RISK ON THREE OCCASIONS IS 2.335 MILLION OZ AND THIS WILL BE ADDED TO OUR NORMAL DELIVERY SCHEDULE TO GIVE US THE EXACT AMOUNT OF SILVER STANDING FOR DECEMBER.
WE HAVE REVERTED BACK TO NORMAL WITH THE SPECS NOW GOING ON THE LONG SIDE AND THE BANKER (FRBNY) ON THE SHORT SIDE AND PROVIDING THE NECESSARY SHORT PAPER. IT IS OUR SILVER SPECULATORS THAT WERE PILING INTO THE SILVER COMEX. WE FINALLY ARE MOVING TO A MUCH HIGHER BASE SURPASSING THE $34.40 SILVER PRICE BARRIER TO A HIGH DEGREE, AND NOW SURPASSING SURPASS OUR LAST MAJOR HURDLE OF $50.00 SILVER AGAIN. WE HAVE A FAIR SIZED GAIN OF 383 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A SMALL SIZED 135 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD ZERO LIQUIDATION OF T.A.S. CONTRACTS IN COMEX TRADING AND MINOR IF ANY MONTH END SPREADERS WITH RESPECT TO TUESDAY TRADING WITH OUR HUGE GAIN IN PRICE /// 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 FAILED ON TUESDAY WITH SILVER’S GAIN IN PRICE AS THE SPECS PILED INTO THE SILVER ARENA. . THE PRICE FINISHED HUGELY ABOVE THE MAGIC NUMBER OF $50.00 SILVER SPOT PRICE CLOSING AT $71.95 UP $0.95 . WE ARE NOW WITNESSING HAVING MANY HUGE T.A.S ISSUANCES // TODAY’S WAS AT A HUGE SIZED 654 T.A.S. CONTRACTS (BUT STILL DOWN FROM THE MEGA MEGA HUGE SIZED 5,000 PLUS CONTRACT ISSUANCE DURING NOVEMBER)!!. 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 FAIR SIZED 250 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUGE SIZED 654 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING//RAID AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE. IN ESSENCE WE HAD A HUGE SIZED LOSS OF 555 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR HUGE GAIN IN PRICE OF $0.95. WE HAD HUGE GOVERNMENT (FRBY) COMEX CONTRACTS TRADING ALL WEEK AND A MAJOR PORTION AND NO DOUBT REMOVED BY DAYS END. (I RECORD THIS FOR YOU ON A DAILY BASIS). THE SPECULATOR LONGS REMAIN STOIC EVEN ON PRICE FALLS. EASTERN CENTRAL BANKER WENT TO THE LONG SIDE. THEY WILL TENDER FOR THE BADLY NEEDED PHYSICAL SILVER. THUS ON A NET BASIS WE LOST NO SPECULATORS
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 WEDNESDAY NIGHT//THURSDAY MORNING: A HUGE SIZED 654 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 FRBNY 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.
THUS:
INITIAL STANDING FOR DEC: 49.33 MILLION OZ FOLLOWED BY TODAY’S 110,000 OZ QUEUE JUMP PLUS ..850 MILLION OZ EXCHANGE FOR RISK LAST MONDAY THEN LAST TUESDAY’S .485 MILLION OZ/ AND THEN DEC 24/S 1.0 MILLION OZ EXCHANGE FOR RISK ( NEW TOTAL EX. FOR RISK = 2.335 MILLION OZ)///STANDING ADVANCES TO 65.975 MILLION OZ//
WE HAD:
/ HUGE SIZED COMEX OI LOSS+// A FAIR SIZED 250 EFP ISSUANCE CONTRACTS (/ VI) A HUGE NUMBER OF T.A.S. CONTRACT ISSUANCE 654 CONTRACTS)/VII: DECEMBER ISSUED ITS FIRST EXCHANGE FOR RISK OF 0.850 MILLION OZ LAST WEEK AND ANOTHER ONE THE NEXT DAY WAS ISSUED FOR 97 CONTRACTS OR .485 MILLION OZ!! AND THEN WE WERE NOTIFIED OF A THIRD ISSUANCE EX FOR RISK FOR 1.0 MILLION OZ//TOTAL EXCHANGE FOR RISK DEC: 2.335 MILLION OZ
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: ADDED 66 SILVER CONTRACTS!!!!!
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS DEC.. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF DEC.
TOTAL CONTRACTS for 20 DAY(S), total 7777 contracts: OR 38.885 MILLION OZ (389 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 38.885 MILLION OZ
LAST 24 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:
MAY 137.83 MILLION
JUNE 149.91 MILLION OZ
JULY 129.445 MILLION OZ
AUGUST: MILLION OZ 140.120
SEPT. 28.230 MILLION OZ//
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE
APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 87.110 MILLION OZ
AUGUST: 65.025 MILLION OZ
SEPT. 74.025 MILLION OZ///FINAL
OCT. 29.017 MILLION OZ FINAL
NOV: 134.290 MILLION OZ//FINAL
DEC, 61.395 MILLION OZ FINAL
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)
AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )
NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)
DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ
YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ
JANUARY 2025: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
FEB. 58.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE/FINAL
MARCH: 67.020 MILLION OZ///QUITE SMALL AND BECOMING SMALLER EACH AND EVERY MONTH.
APRIL: 100.895 MILLION OZ///AVERAGE SIZE ISSUANCE
MAY: 28.975 MILLION OZ (ISSUANCE WILL BE QUITE SMALL THIS MONTH)
JUNE: 81.065 MILLION OZ
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 59.455 MILLION OZ (QUITE SMALL)
SEPT. 50.510 MILLION OZ.(QUITE SMALL)
OCT; 82.020 MILLION OZ (WILL BE STRONG THIS MONTH)/ OCC WANTS TO REIN IN THESE ISSUANCES!
NOVEMBER: 36.425 MILLION OZ
DEC: 38.886 MILLION OZ
RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 871 CONTRACTS DESPITE OUR HUGE GAIN IN PRICE OF $0.95 IN SILVER PRICING AT THE COMEX// WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED CONTRACT EFP ISSUANCE : 250 ISSUED FOR MARCH, AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.
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LAST 9 MONTHS OF SILVER DELIVERIES:
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 16.050 MILLION OZ NORMAL DELIVERY , PLUS OUR 4.00 MILLION EX FOR RISK
FINAL STANDING APRIL: 19.965 MILLION OZ
AND MAY:
NEW STANDING FOR MAY FINISHES AT: 75.615 MILLION OZ. (INCLUDES 5,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ EXCHANGE FOR RISK ISSUANCE/PRIOR.//NEW TOTAL STANDING 88.540 MILLION OZ
AND JUNE: FINAL 16.995 MILLION OZ
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 5,000 OZ QUEUE JUMP //NEW STANDING ADVANCES TO 10.960 MILLION OZ
SEPTEMBER: 68.040 MILLION OZ NORMAL DELIVERY(INCLUDES ALL QUEUE JUMPING AND EXCHANGE FOR PHYSICAL TRANSFERS) PLUS 3.0 MILLION OZ EX FOR RISK = 71.040 MILLION OZ. (THIS IS THE FIRST AND ONLY ISSUANCE OF EXCHANGE FOR RISK FOR SILVER SINCE MAY.)
OCTOBER: 39.565 MILLION OZ OF NORMAL DELIVERY INCLUDES ALL QUEUE JUMPING
PLUS
2.110 MILLION OZ EXCHANGE FOR RISK//TOTAL OZ STANDING IN OCT ADVANCES TO 41.675 MILLION OZ
NOVEMBER: INITIAL STANDING AT 11.575 MILLION OZ FOLLOWED BY TODAY’S 195,000 OZ QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 9.155 MILLION OZ//STANDING ADVANCES TO 19.670 MILLION OZ/
DECEMBER: INITIAL AMOUNT STANDING FOR DELIVERY: 49.33 MILLION OZ// FOLLOWED BY ANOTHER STRONG 110,000 OZ QUEUE JUMP+ DEC. FIRST EXCHANGE FOR RISK 0F .850 MILLION OZ + LAST WEEK.S 495,000 OZ EXCHANGE FOR RISK AND THEN FINALLY DEC 24 ISSUANCE OF 1.00 MILLION OZ EXCHANGE FOR RISK//NEW TOTAL EX FOR RIS IS 2.335 MILLION OZ // STANDING ADVANCES TO 65.975 MILLION OZ//
THE NEW TAS ISSUANCE WEDNESDAY NIGHT (654) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED NO DOUBT WITH FUTURE TRADING!!
WE HAD 19 NOTICE(S) FILED TODAY FOR 0.090 MILLION OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL. IT IS NOW TIME FOR THE FBI TO ENTER THE COMEX AND ARREST THESE CROOKS EVEN THOUGH THE MAJORITY OF THE TRADING IS GOVERNMENT. THE BANKERS ARE COMPLICIT. THE SILVER COMEX IS NOW ON A MASSIVE SIEGE LOOKING FOR PHYSICAL SILVER!!
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A FAIR SIZED 3803 OI CONTRACTS DOWN TO 488,300 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 LOWISH OI IN COMEX WITH AN EXTREMELY HIGH PRICE OF GOLD. THE SHORT RATS ARE ABANDONING THE SHIP.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A HUGE AND CRIMINAL 665 CONTRACTS // MEGA HUGE GOVERNMENT REMOVALS//
WE HAD A STRONG LOSS IN COMEX OI (3138 CONTRACTS) . THIS OCCURRED DESPITE OUR GAIN OF $2.15 IN PRICE// WEDNESDAY///.
LAST 8 MONTHS OF GOLD DELIVERIES: (MAY THROUGH TO NOVEMBER/DECEMBER)
MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
FINAL STANDING FOR MAY: 70.174 TONNES OF GOLD TO WHICH WE ADD 1. MONDAY’S (MAY 19) 6.221 TONNES EXCHANGE FOR RISK , 2. THEN WE ADD: 1.35 TONNES TO LAST WEEK”S. THEN WE ADD 3. 1.55 TONNES TO EQUAL 9.591 TONNES// NEW EXCHANGE FOR RISK = 9.591 TONNES WHICH MUST BE ADDED TO OUR NORMAL DELIVERY SCHEDULE OF 80.644 TONNES. THUS STANDING FOR MAY INCREASES TO 90.235 TONNES OF GOLD
2 JUNE CONTRACT MONTH: 93.085 TONNES OF GOLD (WHICH INCLUDES ALL QUEUE JUMPING AND 0 EX FOR RISK)
3.JULY INITIIAL STANDING FIRST DAY NOTICE: 17.847 TONNES. PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES STANDING
4. 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 AND 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
5.SEPT: INITIAL 8.093 TONNES OF GOLD PLUS TODAY’S QUEUE JUMP OF 0.4883 TONNES PLUS 2.2827 TONNES OF EXCHANGE FOR RISK TODAY//NEW TOTAL EX. FOR RISK/MONTH = 22.923//NEW TOTAL STANDING FOR GOLD SEPT ADVANCES TO = 48.801 TONNES!!
6.OCTOBER: 90.012 TONNES OF INITIAL GOLD STANDING WITH TODAY’S TINY 0.00311 TONNES QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS DURING OCT OF 76.1656 TONNES
THEN WE MUST ADD OUR 14.553 TONNES OF OUR ISSUANCE OF EXCHANGE FOR RISK/6 OCCASIONS//NEW TOTAL OF GOLD STANDING ADVANCES TO 197.5141 TONNES OF GOLD.
7.NOVEMBER BEGINS WITH 15.651 TONNES INITIALLY STANDING FOR DELIVERY FOLLOWED BY TODAY’S QUEUE JUMP OF 2.323 TONNES FOLLOWED BY ALL PREVIOUS QUEUE JUMPS IN OF OF 21.3775 TONNES TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCE OF 4.5596 TONNES//NEW STANDING ADVANCES TO 43.9716 TONNES OF GOLD.
8. DECEMBER BEGINS WITH INITIAL STANDING OF 83.813 TONNES OF GOLD FOLLOWED BY TODAY’S 0.8304 TONNE QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF: 36.793 TONNES//NEW STANDING ADVANCES TO 115.020 TONNES TO WHICH WE ADD OUR THREE EXCHANGE FOR RISK FOR DECEMBER OF 3.110 TONNES/NEW STANDING ADVANCES TO 118.130 TONNES
E.F.P. ISSUANCE/FOR OPENING DECEMBER GOLD CONTRACT
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A TINY SIZED 129 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 466,965 AND WE NOW WITNESSING A NOW BIGGER COMEX OI BUT WITH AN EXTREMELY HIGH PRICE OF GOLD.//NOW EASIER TO FLEECE SPECS.
SILVER ALSO HAS A FAIR SIZED COMEX OI OF 154,839 CONTRACTS//BUT NOW LESS DIFFICULT TO FLEECE SPEC LONGS.
IN ESSENCE WE HAVE A FAIR SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3674 CONTRACTS WITH 3803 CONTRACTS DECREASED AT THE COMEX// AND A TINY SIZED 129 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 3674 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED BUT CRIMINAL 1211 CONTRACTS AND THESE ISSUANCES ARE GENERALLY USED TO INITIATE A RAID WHEN CALLED UPON.
GOLD PRICE ON TUESDAY ROSE BY $2.15
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A TINY SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT(129) ACCOMPANYING THE FAIR LOSS IN COMEX OI OF 3803 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 3,674 CONTRACTS..WE HAVE 1) NOW RETURNED TO OUR NORMAL FORMAT OF BANKER (FRBNY) GOING ON THE SHORT SIDE AND NEWBIE SPECULATORS GOING TO THE LONG SIDE AND POURING IT ON WITH RECKLASS ABANDON!! . ,2.) STRONG INITIAL STANDING FOR GOLD FOR DEC AT 83.813 TONNES OF NORMAL DELIVERY FOLLOWED BY OUR 0.8304 TONNES OF QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPING OF 36.793 TONNES//NEW STANDING ADVANCES TO 115.02 TONNES TO WHICH WE ADD OUR 3 EXCHANGE FOR RISK OF 3.110 TONNES/NEW STANDING IS THUS 118.130 TONNES
NEW STANDING ADVANCES TO 118.130 TONNES.
NEW STANDING FOR GOLD, DEC CONTRACT AT 118.130 TONNES OF GOLD
3) ZERO T.A.S. LIQUIDATION (BUT CONSIDERABLE GOVT LIQUIDATION AND COMMENCEMENT OF A SMALL MONTH END SPREADER LIQUIDATION // AND SMALL LOSS OF EQUITY SHARES/DEC 24) AS WE HAD 1)A $2.15 COMEX PRICE GAIN AND WE HAD 2) NEWBIE SPEC SHORTS GETTING LIQUIFIED AND ON A NET BASIS, THE SPECS GAINED HUGELY IN NUMBERS + EASTERN CENTRAL BANKERS WERE PILING INTO THE LONG SIDE AS WE HAD A FAIR SIZED LOSS OF 3674 CONTRACTS ON OUR TWO EXCHANGES AND AS WELL A HUGE AMOUNT OF GOLD WILL STAND FOR DELIVERY IN DECEMBER (118.130 TONNES). //, CENTRAL BANKERS TENDERED FOR PHYSICAL WITH THEIR PURCHASES OF CONTRACTS../ ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED WEDNESDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL DESPITE THE FALL IN PRICE YESTERDAY
4)A FAIR SIZED COMEX OI LOSS/ 5) V) TINY SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD (4300) AND A FAIR T.A.S. ISSUANCE 1160 FOR RAID PURPOSES
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC :
TOTAL EFP CONTRACTS ISSUED: 54,961 CONTRACTS OR 5,496,100 OZ OR 170.951 TONNES IN 20 TRADING DAY(S) AND THUS AVERAGING: 2748 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN20 TRADING DAY(S) IN TONNES: 170.55 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2024, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 170.951 TONNES DIVIDED BY 3550 x 100% TONNES = 4.81% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
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
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
2024 AND 2025:
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. 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
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 175.86 TONNES A LOT LARGER THIS MONTH.
SEPT. 116.13 TONNES VERY SMALL
OCT. 252.72 TONNES//CERTAINLY MUCH LARGER THIS MONTH/VERY STRONG
NOV: 124.74 TONNES
DEC: 170.951 TONNES//GOOD SIZED THIS MONTH.
SPREADING OPERATION
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.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A HUGE SIZED 805 CONTRACTS OI TO 154,905 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 250 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 250 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 LOSS OF 805 CONTRACTS AND ADD TO THE 250 E.FP. ISSUED
WE OBTAIN A VERY STRONG SIZED LOSS OF 555 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR HUGE GAIN OF $0.95 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 2.775 MILLION PAPER OZ
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
ASIA RESULTS; FRIDAY DEC 26
SHANGHAI CLOSED UP 4.06 POINTS OR 0.10%
//Hang Seng CLOSED
// Nikkei CLOSED
//Australia’s all ordinaries CLOSED
//Chinese yuan (ONSHORE) CLOSED UP TO 7.0070
/ OFFSHORE CLOSED UP AT 7.0030/ Oil DOWN TO 58.34 dollars per barrel for WTI and BRENT DOWN TO 62.03 Stocks in Europe OPENED ALL MIXED AND COME CLOSED
ONSHORE USA/ YUAN TRADING UP TO 7.0070 OFFSHORE YUAN TRADING UP TO 7.0030:/ONSHORE YUAN TRADING BELOW OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER//OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED 3803 CONTRACTS TO 488,300 OI WITH OUR SMALL GAIN IN PRICE OF $2.15 WITH RESPECT TO WEDNESDAY’S // TRADING/ //COMEX CLOSING TIME:… WE LOST LITTLE NET LONGS, WITH THAT PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A SMALL NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (129). WE HAD LITTLE T.A.S. LIQUIDATION WEDNESDAY (WITH MONTH END SPREADER LIQUIDATIONS CONTINUING WEDNESDAY WITH SMALL REMOVALS). IT SEEMS THAT THE SPECULATORS WENT MASSIVELY HUGE TO THE LONG SIDE WITH OUR FRBNY PROVIDING STILL THE NECESSARY PAPER AND OTHER CENTRAL BANKERS CONTINUING ON THE LONG SIDE .
YOU WILL NOTICE THAT THE COMEX OI IS NOW GAINING HUGELY FROM ITS LOW OI OF AROUND 418,000 TO NOW 488,300 AND NOW AMPLE ENOUGH FOR A RAID BY OUR BANKERS.
WE THUS HAD A TOTAL LOSS IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 3674 CONTRACTS (OR 11.42 TONNES). THEN WE WERE NOTIFIED AGAIN OF A 200 CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS ISSUED FOR 20,000 OZ OR 0.6220 TONNES OF GOLD. IN DECEMBER WE HAVE RECORDED 3 ISSUANCES OF EXCHANGE FOR RISK AS IT CAME LATE IN THIS MONTH. WE HAVE 3 CHOICES NOW FOR THE RECIPIENT OF THIS ISSUANCE AND IT MUST BE A CENTRAL BANK. YOU WILL RECALL THAT THE BUYER ASSUMES THE RISK OF THAT DELIVERY. (THUS TOTAL EXCHANGE FOR RISK FOR THE MONTH OF DECEMBER IS 3.110 TONNES/3 OCCASIONS)
HERE ARE THE CHOICES FOR THE RECIPIENT OF THOSE ISSUANCES:
1 THE CENTRAL BANK OF ENGLAND. BUT THEY RECEIVED CLEARANCE THAT THEIR GOLD IS BACK SO IT IS NOT LIKELY THAT THEY WOULD LIKE TO ADD TO THEIR RESERVES.
2. THE CENTRAL BANK OF THE USA: THE FED. LOGICAL CHOICE AS THEY CLAMOUR TRYING TO REDUCE THEIR 39 TONNES OF SHORTAGE.
3. THE CENTRAL BANK OF CHINA AS THEY BATTLE WITS WITH THE USA.
TOTAL EXCHANGE FOR RISK FOR DECEMBER IS 3.110 TONNES AND THIS WILL BE ADDED TO OUR NORMAL DELIVERY TOTALS..
DETAILS ON OUR NEW DECEMBER COMEX CONTRACT MONTH//
IN TOTAL WE HAD A FAIR SIZED LOSS ON OUR TWO EXCHANGES OF 3674 CONTRACTS DESPITE 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 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 OTHER CENTRAL BANKS, AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH DECEMBER/ 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 HOWEVER IS A FAIR T.A.S ISSUANCE CONTRACTS. THE CME NOTIFIES US THAT THEY HAVE ISSUED 1211 T.A.S CONTRACTS AND WILL BE USED FOR RAID PURPOSES TO STOP GOLD’S RISE AND TO TEMPER HUGE LOSSES IN OTC DERIVATIVE BETS AND IT WAS IN FULL FORCE DURING LAST WEEK AND CONTINUING ON THIS WEEK. IT SURE LOOKS LIKE THE BIS HAS GIVEN THE FRBNY ITS MARCHING ORDERS TO COVER AND THAT MAY EXPLAIN THE HUGE NUMBER OF T.A.S. ISSUANCES IN EARLY DECEMBER.
HERE IS A SUMMARY OF GOLD STANDING FOR DELIVERY ON OUR LAST 9 MONTHS:
FOR APRIL AT 209 TONNES
2. AND THIS CONTINUED INTO MAY WITH FINAL STANDING AT 90.23 TONNES.
3. JUNE WHICH IS A HUGE DELIVERY MONTH , FINAL STANDING WAS RECORDED AT A STRONG 93.085 TONNES. //(TOTAL NET QUEUE JUMPING FOR THE JUNE MONTH: 31.027 TONNES.)
4. 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 // FINAL TOTAL TONNES STANDING JULY: 41.106 TONNES
5. 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 WHICH IS MONSTROUS!!!
6. FINAL AMOUNT OF GOLD STANDING FOR SEPT; INITIAL STANDING; 2,602 CONTRACTS OR 260,200 OZ FOR 8.093 TONNES OF GOLD FOLLOWED BY TODAY’S 0.4883 TONNES QUEUE JUMP TO GO ALONG WITH TODAY’S 1.244 TONNES OF EXCHANGE FOR RISK ISSUANCE TODAY AND // TOTAL EXCHANGE FOR RISK ISSUANCE SEPT: 22.923 TONNES//NEW TOTALS STANDING ADVANCES TO 48.801 TONNES OF GOLD!!!
7. OCTOBER:
OCTOBER: INITIAL STANDING FOR GOLD: 90.164 TONNES TO WHICH WE ADD OUR LATEST OCT 30 QUEUE JUMP OF 0.00311 TONNES WHICH FOLLOWS OCT 29 QUEUE JUMP OF .4096 WHICH FOLLOWS; OCT 28 QUEUE JUMP OF .5069 TONNES WHICH FOLLOWS OCT 27 OF 0.3048 TONNES WHICH FOLLOWS: OCT 24 OF 0.8615 TONNES, FOLLOWING OCT 23 QUEUE JUMP OF 1.695 TONNES OCT 22 JUMP OF 8.622 TONNES WHICH FOLLOWS OCT 21: 3.8600 TONNES TO OCT 20 QUEUE JUMP OF 7.695 TONNES WHICH FOLLOWED OCT 17 RECORD SETTING: 12.031 TONNE QUEUE JUMP WHICH FOLLOWED THURSDAY’S QUEUE JUMP OF 8.326 TONNES WHICH FOLLOWED WEDNESDAY;S 6.469 WHICH FOLLOWED ALL PREVIOUS QUEUE JUMPS OF 42.549 TONNES TO WHICH WE ADD OUR TOTAL 4679 EXCHANGE FOR RISK CONTRACTS ON 6 OCCASIONS FOR 467,900 OZ OR 14.553 TONNES.! TOTAL STANDING ADVANCES TO 197.511 TONNES OF GOLD
SUMMARY FOR OCTOBER STANDING:
THAT IS;
a) INITIAL STANDING 90.164 TONNES
b) INITIAL EXCHANGE FOR RISK ISSUANCE OF 500 CONTRACTS FOR 50,000 OZ OR 1.555 TONNES
c) ANOTHER 3 CONSECUTIVE EXCHANGE FOR RISK ISSUANCES OF 2150 CONTRACTS FOR 215000 OZ OR 6.687 TONNES
D) AFTER A ONE DAY HIATUS, A 5TH ISSUANCE FOR 1000 CONTRACTS //100,000 OZ OR 3.1104 TONNES
E) AFTER A TWO WEEK HIATUS: ITS 6TH ISSUANCE FOR 1029 CONTRACTS/102,900 OZ OR 3.200 TONNES
TOTAL EXCHANGE FOR RISK OCT 6 OCCASIONS: 14.553 TONNES
TO WHICH WE ADD ALL OUR QUEUE JUMPING IN OCT: TOTAL MONTH;: 92.7648 TONNES
(ALL OF THESE QUEUE JUMPS ARE REPRESENTED BY CENTRAL BANKS DESPERATELY ADDING TO THEIR OFFICIAL RESERVES)
EQUALS
197.5141 TONNES OF GOLD!!
END
8. NOVEMBER:TOTAL TONNES STANDING INCLUDING ALL QUEUE JUMPS AND EXCHANGE FOR RISK ISSUANCE:
INITIAL GOLD STANDING AT THE COMEX IS 5032 CONTRACTS OR 503,200 OZ (15.651 TONNES) FOLLOWED BY ITS TODAY’S QUEUE JUMP OF 2.323 TONNES/ FOLLOWED BY ALL NOVEMBER QUEUE JUMPS OF 21.3775 TONNES TO WHICH WE ADD OUR SECOND EXCHANGE FOR RISK OF 1016 CONTRACTS FOR 101600 OZ OR 3.165 TONNES TO OUR FIRST EXCHANGE FOR RISK ISSUANCE OF 1.3966 TONNES/// NEW EXCHANGE FOR RISK: 4.5595 TONNES//NEW TOTAL GOLD STANDING IN NOVEMBER ADVANCES TO 43.9716 TONNES
9. DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 83.813 TONNES OF GOLD FOLLOWED BY TODAY’S 0.8304 TONNES OF QUEUE JUMP WHICH FOLLOWS ALL OTHER NET QUEUE JUMPING OF 36.793 TONNES//STANDING ADVANCES TO 115.020 TONNES TO WHICH WE ADD OUR THREE ISSUANCES OF EXCHANGE FOR RISK OF 3.110 TONNES/NEW STANDING IS THUS: 118.130 TONNES.
THE FED IS THE OTHER MAJOR SHORT OF AROUND 39+ 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 39 TONNES OF GOLD.. THE FED IS VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES IF THEY DO NOT BORROW THIS GOLD. SO IT IS POSSIBLE THAT THE FED IS THE BUYER OF 1.244 TONNES OF EXCHANGE FOR RISK/DECEMBER!!
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 SEVERAL MONTHS. THEY ARE TOTALLY TRAPPED., AND THEIR FAILURE TO STOP OTHER CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY. IT SURE DOES LOOK LIKE THE BIS HAS NOW GIVEN THE FED ITS MARCHING ORDERS TO COVER ITS PHYSICAL GOLD SHORT AS THEIR OUTSTANDING LOAN OF 39+ TONNES REMAIN ON THE BOOKS OF THE BIS AND THE END OF THE YEAR IS APPROACHING.
THE FRBNY IS STILL 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
EXCHANGE FOR PHYSICAL ISSUANCE/DEC.//BORROWINGS FROM THE FRBNY:
THE CME REPORTS THAT THE BANKERS ISSUED A TINY SIZED EXCHANGE FOR PHYSICAL OF 129 CONTRACTS.
THAT IS A TINY SIZED 129 EFP CONTRACT WAS ISSUED: : /FEB 129 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 129 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 39 TONNES
WE HAD :
LITTLE LIQUIDATION OF OUR T.A.S. SPREADERS DURING THE COMEX SESSION + BUT DID HAVE CONSIDERABLE GOVERNMENT LIQUIDATION
MONTH END SPREADERS HAVE NOW COMMENCED!…
T.A.S.SPREADER ISSUANCE//DECEMBER
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 1211 CONTRACTS
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR T.A.S. DRIVEN, ACCOMPLISHES TWO IMPORTANT ASPECTS FOR OUR CROOKS:
STALLS THE ADVANCE IN PRICE
LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
THAT SET UP WEDNESDAY’S GAIN IN PRICE IN GOLD WITH A CORRESPONDING FAIR LOSS OF COMEX OI AND A SMALL EXCHANGE FOR PHYSICAL ISSUANCE..ENOUGH FODDER FOR THE COMMENCEMENT OF A RAID
.
THE COMEX IS IN TOTAL TURMOIL ESPECIALLY THESE PAST 6 MONTHS WITH THE FOLLOWING;
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
TO BE FOLLOWED BY SEPTEMBER’S 7 ISSUANCES FOR EXCHANGE FOR RISK FOR 22.923 TONNES.
TO BE FOLLOWED BY OCTOBER’S 6 ISSUANCES FOR 14.553 TONNES
TO BE FOLLOWED BY NOVEMBER’S TWO ISSUANCES FOR 4.5575 TONNES
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/
FRBNY BORROWS ANOTHER 24 TONNES OF GOLD FROM THE BIS IN OCT TO SAVE THE BULLION BANKS FROM EXTINCTION AFTER THE O.C.C ORDERED THE BULLION BANKS TO BE ONSIDE WITH THEIR DERIVATIVES. THE FRBNY IS NOW SHORT 54+ TONNES OF GOLD.
MASSIVE REMOVAL OF COMEX CONTRACTS FROM PRELIMINARY OI TO FINAL OI//RECORD 33,000 CONTRACTS REMOVED FRIDAY NOV 21//
MASSIVE T.A.S. CONTRACTS ISSUED FOR 5 CONSECUTIVE DAYS/SIGNALLING A MASSIVE RAID TO BE!
MASSIVE RAIDS AT THE COMEX CALLED UPON EVERY OTHER DAY LAST WEEK
GOLD STANDING AT THE COMEX FOR GOLD LAST 12 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 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.
SEPT:
SEPT: 25.878 TONNES OF GOLD INITIAL GOLD STANDING TO WHICH WE ADD OUR 22.923 TONNES OF EXCHANGE FOR RISK ISSUED 7 TIMES DURING THE MONTH:
TOTAL EX FOR RISK// FOR MONTH = 22.923//NEW TOTALS FOR GOLD STANDING SEPT ADVANCES TO 48.801 TONNES
THIS IS HUGE FOR A GENERALLY WEAK SEPTEMBER DELIVERY MONTH.
OCTOBER: INITIAL AMOUNT OF GOLD STANDING: 90.164 TONNES OF GOLD FOLLOWED BY TODAY’S TINY 0.00311 TONNES QUEUE JUMP WHICH FOLLOWS ALL PREVIOUS QUEUE JUMPS OF 76.1656 TONNES WHICH MUST BE ADDED TO OUR 6 ISSUANCES OF 14.553 TONNES EXCHANGE FOR RISK//TOTAL NEW STANDING FOR GOLD IN THIS ACTIVE OCTOBER DELIVERY MONTH ADVANCES TO 197.5141 TONNNES.
NOVEMBER WHERE INITIAL AMOUNT OF GOLD STANDING IS REGISTERED AT 15.651 TONNES OF GOLD FOLLOWED BY TODAY’S QUEUE JUMP OF 2 TONNES AND FOLLOWED BY ALL OTHER NOV QUEUE JUMPS OF 21.3775 TONNES TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCE FOR 4.5596 TONNES.
DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY IN THIS ACTIVE MONTH IS 83.813 TONNES FOLLOWED BY TODAY’S 0.8304 TONNES QUEUE JUMP. THIS FOLLOWS ALL OTHER QUEUE JUMPING: 36.793 TONNES//NEW STANDING ADVANCES TO 115.020 TONNES TO WHICH WE ADD OUR THREE EXCHANGE FOR RISK ISSUANCE OF 3.110 TONNES//NEW STANDING THUS INCREASES TO 118.130 TONNES
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 MONTHS 2021-2024
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:STANDING FOR GOLD/COMEX
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
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COMEX GOLD TRADING BEGINNING DECEMBER,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $2.15/ /)
WE HAD ZERO T.A.S. SPREADER LIQUIDATION TUESDAY WITH MINOR MONTH END SPREADER LIQUIDATION// COMEX SESSION// WITH OUR GAIN IN PRICE ////.. BUT OUR SPECULATORS REMAIN RELENTLESS POURING INTO THE COMEX// WITH OTHER EASTERN CENTRAL BANKS TENDERING FOR PHYSICAL TUESDAY NIGHT WHICH ALSO EXPLAINS THE HUGE NUMBER OF TONNES OF GOLD STANDING FOR DECEMBER. THE COMEX IS ONE BIG MESS!!
WEDNESDAY NIGHT//THURSDAY MORNING
THE CROOKS HOWEVER COULD NOT STOP OTHER 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
A LITTLE REVIEW OF GOLD STANDING THESE PAST 3 MONTHS:
STANDING FOR GOLD OCT THROUGH TO DECEMBER:
ANALYSIS// OCT DELIVERY MONTH GOING FROM FIRST DAY NOTICE// OCT COMEX CONTRACT TO FINALIZATION OCT 31:
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:
/ TOTAL STANDING 197.551 TONNE/OCTOBER FINAL//ABSOLUTELY A MONSTER DELIVERY FOR A NORMALLY QUIET OCT MONTH
2. AND NOW NOVEMBER:
NOVEMBER BEGINS WITH A HUGE 15.651 TONNES INITIALLY STANDING FOR DELIVERY FOLLOWED BY OUR TODAY’S QUEUE JUMP OF 2.323 TONNES WHICH FOLLOWED ALL OTHER NOVEMBER QUEUE JUMPS OF 21.3775 TONNES TO WHICH WE ADD OUR TWO ISSUANCES OF EXCHANGE FOR RISK OF 4.5596 TONNES..
NEW STANDING ADVANCES TO 43.9716 ONNES OF GOLD.
3. AND NOW DECEMBER:
3. DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 83.813 TONNES FOLLOWED BY A 267 CONTRACT QUEUE JUMP FOR 26,700 OZ OR 0.8304 TONNES WHICH FOLLOWS OTHER DEC QUEUE JUMPS OF: 36.793 TONNES///STANDING ADVANCES TO 115.020 TONNES TO WHICH WE ADD OUR THREE EXCHANGE FOR RISK ISSUANCE OF 3.110 TONNES/NEW STANDING ADVANCES TO 118.130 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $2.15
WE HAD A FAIR 665 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE .
NET LOSS ON THE TWO EXCHANGES : 3674 CONTRACTS OR 367400 OZ OR 11.42 TONNES
Total monthly oz gold served (contracts) so far this month
36,837 notices 3,683,700 0z 114.578TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
dealer deposits: 0
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DEPOSITS/CUSTOMER
DEPOSITS/CUSTOMER
1 ENTRIES
i) Into Loomis: 32,151.000 oz (1000 kilobars)
total deposit: 32,151.000 oz
customer withdrawals:
1 ENTRIES
1 ENTRIES
i) Out of Loomis 257.208 oz (8 kilobars)
they are draining the comex of gold
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ADJUSTMENTs 0//
chaos inside the comex
AMOUNT OF GOLD STANDING FOR DECEMBER
THE FRONT MONTH OF DECEMBER STANDS AT 481 CONTRACTS FOR A LOSS OF 150 CONTRACTS. WE HAD 417 CONTRACTS FILED ON WEDNESDAY SO WE GAINED A STRONG 267 CONTRACTS FOR A QUEUE JUMP OF 26,700 OZ OR 0.8304 TONNES TO WHICH WE ADD TO OUR PREVIOUS QUEUE JUMPS AND THEN ADD OUR THREE ISSUANCES OF EXCHANGE FOR RISK FOR 3.110 TONNES .THUS STANDING FOR GOLD IN DECEMBER INCREASES HUGELY TO 118.130 TONNES
JANUARY GAINED 622 CONTRACTS UP TO 4672 AS JANUARY BECOMES THE FRONT MONTH. WE WILL PROBABLY HAS A STRONG SIZED 11 TO 14 TONNES OF GOLD STANDING. SEEMS JANUARY REFUSES TO ROLL TO FUTURE MONTHS.
FEB LOST 4714 CONTRACTS DOWN TO 346,426 CONTRACTS
We had 339 contracts filed for today representing 33,900 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 186 notices issued from their client or customer account. The total of all issuance by all participants equate to 339 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 90 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for DEC /2025. contract month, we take the total number of notices filed so far for the month (36,837 ) to which we add the difference between the open interest for the front month of DEC ( 481 CONTRACTS) minus the number of notices served upon today (339 x 100 oz per contract) equals 3,697,900 OZ OR 115.020 Tonnes of gold + 3.110 TONNES of exchange for risk issuance: new total standing advances to 118.130 tonnes!!
thus the INITIAL standings for gold for the DEC contract month: No of notices filed so far (36,837 x 100 oz +we add the difference for front month of DEC (481 OI} minus the number of notices served upon today (339)x 100 oz) which equals 3,671,300 OR 114.192 TONNES + 3.110 tonnes exchange for risk//new total standing advances to 116.630 tonnes
new total of gold standing in DECEMBER is 118.130 tonnes
TOTAL COMEX GOLD STANDING FOR DEC ..: 118.130 TONNES TONNES WHICH IS STRONG FOR THIS NORMALLY VERY ACTIVE ACTIVE DELIVERY MONTH OF DECEMBER.
volume WEDNESDAY confirmed 166,863 poor
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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: 2,001,427.554 oz 62.252 tonnes pledged gold lowers
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 36,191,255. oz
TOTAL REGISTERED GOLD 19,361,513.292 or 602.224 Tonnes
TOTAL OF ALL ELIGIBLE GOLD 16,829,739.913 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON 17,360,008oz ((REG GOLD- PLEDGED GOLD)=
539.97 Tonnes // (declining rapidly)
total inventories in gold declining rapidly
SILVER/COMEX
THE DEC. 2025 SILVER CONTRACTS
DEC 26 2025
INITIAL/
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
3 entries
i) Out of Asahi: 1190,701.200 oz ii) Out of Loomis 19,615.432 ooz iii) Out of Manfra: 434,254.392 oz
total withdrawal: 1644,571,524 oz
Deposits to the Dealer Inventory
1 ENTRY
i) Into the dealer Stonex: 449,016.320 oz
total deposit dealer 449,016.320 oz
Deposits to the Customer Inventory
1 ENTRIES
i) Into CNT 22,603.8900 oz
total deposit 22,603.890 oz oz
No of oz served today (contracts)
19 CONTRACT(S) ( 0.090 million OZ
No of oz to be served (notices)
21 contracts (0.105 MILLION oz)
Total monthly oz silver served (contracts)
12,707 Contracts (63.535 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
DEPOSITS INTO DEALER ACCOUNTS
1 ENTRY
i) Into the dealer Stonex: 449,016.320 oz
total deposit dealer 449,016.320 oz
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DEPOSIT ENTRIES/CUSTOMER ACCOUNT
1 ENTRIES
i) Into Loomis 19,615.432 oz
total deposit: 19,615.432 oz
withdrawals: customer side/eligible
3 entries
i) Out of Asahi: 1190,701.200 oz ii) Out of Loomis 19,615.432 ooz iii) Out of Manfra: 434,254.392 oz
total withdrawal: 1644,571,524 oz
adjustments: 2
all dealer to customer accounts
a) Asahi 635,816.700 oz
b) Loomis: 643,941.350 oz
total adjustments; 1,268,758. oz
TOTAL REGISTERED SILVER: 127.624 MILLION OZ//.TOTAL REG + ELIGIBLE. 449.727Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DEC.
silver open interest data:
FRONT MONTH OF DECEMBER /2025 OI: 40 OPEN INTEREST CONTRACTS FOR A LOSS OF 91 CONTRACTS. WE HAD 113 CONTRACTS FILED ON WEDNESDAY SO WE ACTUALLY GAINED 22 CONTRACTS OR 110,000 OZ UNDERWENT A QUEUE JUMP
JANUARY GAINED 107 CONTRACTS UP TO 4444 CONTRACTS AS JANUARY NOW BECOMES THE FRONT MONTH. WE WILL PROBABLY HAVE A VERY STRONG JANUARY DELIVERY MONTH FOR AROUND 20 – 22 MILLION OZ
FEB GAINED 33 CONTRACTS UP TO 1612 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 19 or 0.090 MILLION oz
CONFIRMED volume; ON WEDNESDAY 153,975 huge//
AND NOW DECEMBER. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at 12,707 X5,000 oz = 63.535 MILLION oz
to which we add the difference between the open interest for the front month of DEC (40) AND the number of notices served upon today (19 )x (5000 oz)
Thus the standings for silver for the DECEMBER 2025 contract month: (12,707) Notices served so far) x 5000 oz + OI for the front month of DEC(40) minus number of notices served upon today (19)x 5000 oz equals silver standing for the DEC.contract month equating to 63.640 MILLION OZ + 850 MILLION OZ FOR DEC ‘S FIRST EXCHANGE FOR RISK , THEN A SECOND EXCHANGE FOR RISK OF .485 MILLION OZ AND THEN A THIRD ISSUANCE FOR 1.0 MILLION OZ//NEW TOTAL EXCHANGE FOR RISK; 2.335 MILLION OZ: THUS WE HAVE THE FOLLOWING:
NORMAL STANDING: 63.640 MILLION OZ
PLUS 2.335 MILLION OZ EXCHANGE FOR RISK/3 OCCASIONS
New total standing: 65.975 million oz. THE SILVER COMEX IS NOW UNDER MASSIVE SIEGE!! AND THIS IS HAPPENING WITH THE MASSIVE SIEGE ON GOLD AS WELL.
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 127,624. million oz of registered silver
JPMorgan as a percentage of total silver: 188,253/449.727million. 41.80%
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
DEC 26/WITH GOLD UP $39.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.61 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1068.27 TONNES
DEC 24/WITH GOLD UP $2.15 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 1064.66 TONNES
DEC 23/WITH GOLD UP $52.85 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A FRAUDULENT DEPOSIT OF 12.12 TONNES OF GOLD INTO THE GLD/// /// ///INVENTORY RESTS AT 1064.66 TONNES
DEC 22/WITH GOLD UP $80,25 TODAY/NO CHANGES IN GOLD AT THE GLD: // /// ///INVENTORY RESTS AT 1052.54 TONNES
DEC 19/WITH GOLD UP $22.20 TODAY/NO CHANGES IN GOLD AT THE GLD: // /// ///INVENTORY RESTS AT 1052.54 TONNES
DEC 18/WITH GOLD DOWN $9.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF .85 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1052.54 TONNES
DEC 17/WITH GOLD UP $39.45 TODAY/NO CHANGES IN GOLD AT THE GLD:// /// ///INVENTORY RESTS AT 1051.69 TONNES
DEC 16/WITH GOLD DOWN $3.95 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.43 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1051.69 TONNES
DEC 15/WITH GOLD UP $10.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 105.12 TONNES
DEC 12/WITH GOLD UP $14.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 4.01 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1050.83 TONNES
DEC 11/WITH GOLD UP $85.00 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1046.82 TONNES
DEC 10/WITH GOLD UP $85.00 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1046.82 TONNES
DEC 9/WITH GOLD UP $18.50 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.14 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1049.11 TONNES
DEC 8/WITH GOLD DOWN $23.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 0.33 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1050.25 TONNES
DEC 5/WITH GOLD UP $9.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A FRAUDULENT DEPOSIT OF 4.00 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1050.58 TONNES
DEC 4/WITH GOLD UP $9.95 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.72 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1046.58 TONNES
DEC 3/WITH GOLD UP $14.25 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.71 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1048.30 TONNES
DEC 2/WITH GOLD DOWN $53.35 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 4.58 TONNES OF GOLD VAPOUR INTO THE GLD// /// ///INVENTORY RESTS AT 1050.01TONNES
DEC 1/WITH GOLD UP $22.75 TODAY/NO CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.14 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1045.43TONNES
NOV 28/WITH GOLD UP $51.85 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.14 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1045.43 TONNES
NOV 26/WITH GOLD UP $25.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A FRAUDULENT PAPER DEPOSIT OF 4.57 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1040.57 TONNES
NOV 25/WITH GOLD UP $46.60 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.14 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1040.57 TONNES
NOV 24/WITH GOLD UP $16.95 TODAY/SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.29 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1040.86 TONNES
NOV 21/WITH GOLD UP $18.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.00 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1039.43 TONNES
NOV 20/WITH GOLD DOWN $20.45 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 1041.43 TONNES
NOV 19/WITH GOLD UP $14.55 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 1041.43 TONNES
NOV 18/WITH GOLD DOWN $6.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.57 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1041.43 TONNES
NOV 17/WITH GOLD DOWN $20.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.93 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1044.000 TONNES
NOV 14/WITH GOLD DOWN $97.55TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1048.93 TONNES
NOV 13/WITH GOLD DOWN $17.80.TODAY/SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.28 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1064.64 TONNES
NOV 12/WITH GOLD UP $97.70.TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 4.30 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT XXX TONNES
NOV 11/WITH GOLD DOWN $3.80TODAY/NO CHANGES IN GOLD AT THE GLD: . /// ///INVENTORY RESTS AT 1042.06 TONNES
NOV 10/WITH GOLD UP $114.40TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT 0F 3.43 TONNES OF GOLD INTO THE GLD . /// ///INVENTORY RESTS AT 1042.06 TONNES
NOV 7/WITH GOLD UP $18.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.43 TONNES OF GOLD INTO THE GLD . /// ///INVENTORY RESTS AT1042.06TONNES
NOV 6//WITH GOLD UP $0.30TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL 0F 3.15 TONNES OF GOLD OUT OF THE GLD . /// ///INVENTORY RESTS AT1038,63TONNES
NOV 5//WITH GOLD UP $32.50TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL 0F 3.15 TONNES OF GOLD OUT OF THE GLD . /// ///INVENTORY RESTS AT1038,63TONNES
NOV 4 WITH GOLD DOWN $50.00 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT 0F 2.58 TONNES OF GOLD OUT OF THE GLD . /// ///INVENTORY RESTS AT 1041.78TONNES
GLD INVENTORY: 1068.27 TONNES, TONIGHTS TOTAL
SILVER
DEC 26/WITH SILVER UP $4.88 /HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 1.813 MILLION OZ FROM THE SLV/. ./ :INVENTORY RESTS AT 528,782 MILLION OZ //
DEC 24/WITH SILVER UP $0.95 /HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 3.083 MILLION OZ FROM THE SLV/. ./ :INVENTORY RESTS AT 530.595MILLION OZ //
DEC 23/WITH SILVER UP $2.40 /HUGE CHANGES IN SILVER AT THE SLV: A FRAUDULENT DEPOSIT OF 17.13 MILLION OZ INTO THE SLV/. ./ :INVENTORY RESTS AT 533.678 MILLION OZ //
DEC 22/WITH SILVER UP $1.28 /HUGE CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 1.541 MILLION OZ INTO THE SLV/. ./ :INVENTORY RESTS AT 516.541 MILLION OZ //
DEC 19/WITH SILVER UP $2.06 /NO CHANGES IN SILVER AT THE SLV: . ./ :INVENTORY RESTS AT 515.000 MILLION OZ //
DEC 18/WITH SILVER DOWN $1.13/NO CHANGES IN SILVER AT THE SLV: . ./ :INVENTORY RESTS AT 515.000 MILLION OZ //
DEC 17/WITH SILVER UP $2.93/HUGE CHANGES IN SILVER AT THE SLV: A HUGE WITHDRAWAL OF 1.36 MILLION OZ FROM THE SLV. ./ :INVENTORY RESTS AT 515.000 MILLION OZ //
DEC 16/WITH SILVER DOWN $.07/HUGE CHANGES IN SILVER AT THE SLV: A HUGE WITHDRAWAL OF 1.36 MILLION OZ FROM THE SLV. ./ :INVENTORY RESTS AT 56.360 MILLION OZ //
DEC 15/WITH SILVER UP $1.62/SMALL CHANGES IN SILVER AT THE SLV: A SMALL DEPOSIT OF 635,000 INTO THE SLV. ./ :INVENTORY RESTS AT 517.720 MILLION OZ //
DEC 12/WITH SILVER DOWN $2.30/NO CHANGES IN SILVER AT THE SLV: ./ :INVENTORY RESTS AT 517.085 MILLION OZ //
DEC 11/WITH SILVER UP $3.52/HUGE CHANGES IN SILVER AT THE SLV: A HUGE DEPOSIT OF 3.537 MILLION OZ INTO THE SLV./ :INVENTORY RESTS AT 517.085 MILLION OZ //
DEC 9/WITH SILVER UP $2.41/HUGE CHANGES IN SILVER AT THE SLV: A HUGE WITHDRAWAL OF 1.179 MILLION OZ OUT THE SLV./ :INVENTORY RESTS AT 510.828 MILLION OZ //
DEC 8/WITH SILVER DOWN $0.48/HUGE CHANGES IN SILVER AT THE SLV: A HUGE WITHDRAWAL OF 5.497 MILLION OZ OUT THE SLV./ :INVENTORY RESTS AT 512.007 MILLION OZ //
DEC 5/WITH SILVER UP 0.39/HUGE CHANGES IN SILVER AT THE SLV: A HUGE DEPOSIT OF 3.083 MILLION OZ INTO THE SLV./ :INVENTORY RESTS AT 517.448 MILLION OZ //
DEC 4/WITH SILVER DOWN $1.12/HUGE CHANGES IN SILVER AT THE SLV: A HUGE DEPOSIT OF 4383 MILLION OZ INTO THE SLV./ :INVENTORY RESTS AT 514.365 MILLION OZ //
DEC 3/WITH SILVER UP $0.23/HUGE CHANGES IN SILVER AT THE SLV: A HUGE DEPOSIT OF 1.956 MILLION OZ INTO THE SLV./ :INVENTORY RESTS AT 510.012 MILLION OZ //
DEC 2/WITH SILVER DOWN $0.65 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A MASSIVE AND FRAUDLUENT PAPER DEPOSIT OF 6.167 MILLION OZ INTO THE SLV./ :INVENTORY RESTS AT 508.057 MILLION OZ //
DEC 1/WITH SILVER UP $2.21 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 907,000 OZ INTO THE SLV./ :INVENTORY RESTS AT 501.890 MILLION OZ //
NOV28/WITH SILVER UP $3.28 TODAY/NO CHANGES IN SILVER AT THE SLV:/ :INVENTORY RESTS AT 500.983 MILLION OZ //
NOV26/WITH SILVER UP $1.86 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A MAMMOTH DEPOSIT OF 2.267 MILLION OZ INTO THE SLV/ :INVENTORY RESTS AT 500.983 MILLION OZ //
NOV25/WITH SILVER UP $0.69 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A MAMMOTH DEPOSIT OF 8.163 MILLION OZ INTO THE SLV/ :INVENTORY RESTS AT 498.716 MILLION OZ //THIS IS A FRAUDULENT TRANSACTION
NOV24/WITH SILVER UP $0.43 TODAY/SMALL CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 277,000, OZ OUT OF THE SLV/ :INVENTORY RESTS AT 490.553 MILLION OZ MILLION OZ
NOV21/WITH SILVER DOWN $0.53 TODAY/SMALL CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 635,000 OZ INTO THE SLV/ :INVENTORY RESTS AT 490.190 MILLION OZ MILLION OZ
NOV20/WITH SILVER DOWN $0.53 TODAY/NO CHANGES IN SILVER AT THE SLV: :INVENTORY RESTS AT 489.555 MILLION OZ MILLION OZ
NOV 19/WITH SILVER UP $0.36 TODAY/NO CHANGES IN SILVER AT THE SLV: :INVENTORY RESTS AT 489.283 MILLION OZ MILLION OZ
NOV 18/WITH SILVER DOWN $0.13 TODAY/NO CHANGES IN SILVER AT THE SLV: :INVENTORY RESTS AT 489..283 MILLION OZ MILLION OZ
NOV 17/WITH SILVER DOWN $0.07 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 1.451 MILLION OZ INTO THE SLV:INVENTORY RESTS AT 489.283 MILLION OZ MILLION OZ
NOV 14/WITH SILVER DOWN $2.08 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 2.722 MILLION OZ INTO THE SLV:
INVENTORY RESTS AT 487.832 MILLION OZ MILLION OZ
NOV 13/WITH SILVER DOWN $0.58 TODAY/NO CHANGES IN SILVER AT THE SLV: . /// ///INVENTORY RESTS AT 485.110 MILLION OZ
NOV 12/WITH SILVER UP $2.59 TODAY/NO CHANGES IN SILVER AT THE SLV: . /// ///INVENTORY RESTS AT 485.110 MILLION OZ
NOV 11/WITH SILVER UP $0.63 TODAY/NO CHANGES IN SILVER AT THE SLV: . /// ///INVENTORY RESTS AT 485.110 TONNES
NOV 10/WITH SILVER UP $2.05 TODAY/NO CHANGES IN GOLD AT THE SLV: . /// ///INVENTORY RESTS AT 485.110 TONNES
NOV 7 WITH SILVER UP $0.22 TODAY/HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 2.54 MILLION OZ FROM THE SLV / ///INVENTORY RESTS AT 485.110 MILLION OZ
NOV 6 WITH SILVER DOWN $0.12 TODAY/SMALL CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 713,000 OZ FROM THE SLV / ///INVENTORY RESTS AT 487,650 MILLION OZ
NOV 5 WITH SILVER UP $0.67TODAY/SMALL CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 713,000 OZ FROM THE SLV / ///INVENTORY RESTS AT 487,650 MILLION OZ
The squeeze in silver is now creating headlines in the media. If this leads to a wider recognition of why silver continues to rise, it could spark additional ETF demand.
Christmas week has been particularly dramatic for silver and platinum, marginally less so for palladium while gold quietly sails into new unchartered territory. Our headline chart below says it all…
Christmas week appears to have intensified the squeeze on silver and platinum, with dramatic moves higher in Shanghai, silver even challenging the $80 level at one point last night. In European trade this morning, silver was $74.80, up $7.80 from last Friday’s close, and gold at $4518 was up $187 over the same timescale. Predictably in a holiday week with London closed yesterday and today (Boxing Day holiday), Comex volumes were light.
Our favourite chart of silver and Comex open interest illustrates how little speculator participation there is in this rally:
The entire rally from 13 November has seen a decline in open interest while the price rose 50% from $50, evidencing the severity of the squeeze on the shorts. Inevitably, genuine producers are no longer hedging for fear of being called, increasingly throwing the short burden on the bullion banks in the swaps category. At the same time, speculator interest is remarkably subdued, likely to become an additional problem for the shorts if and when they join the party.
The background of gold gently moving into new high ground is an additional problem for silver, because of the signal it sends. Meanwhile, stand-for-deliveries continue apace, totalling 14,808 tonnes of silver this year so far, and 1,237 tonnes of gold. Comex is truly the largest gold and silver source in the world.
We should concentrate on gold, which is the primary market indicating that the problem is an early stage of a fiat currency crisis. To observers of the debt-cum-credit bubble, the reasons should be obvious. Furthermore, with the exception of the Bank of Japan, G7 central banks are easing interest rates and in the case of the Fed openly moving towards money printing in the form of QE. It stands ready to finance both the government deficit and its debt refinancing totalling over $9 trillion by QE in an attempt to put a lid on bond yields.
Undoubtedly, foreign central banks see this as vindication for doing away with the dollar and will not pause in their acquisition of gold both as reserves and for wealth funds. And this is before we even talk of investor and speculator demand when the consequences of monetary policies become more widely understood by domestic investors. The Comex numbers indicate that open interest is beginning to pick up and will have further to go. This is evident in the chart below:
Thus, the setup for 2026 is emerging. A crisis in paper markets created by undeliverable silver as they move towards a cash basis, and at the same time accelerating monetary inflation in the major currencies leading to currency debasement. Currency debasement means higher prices, and higher prices for all commodity categories and wholesale prices generally will be the unpleasant surprise in 2026.
3. CHRIS POWELL AND HIS GATA DISPATCHES
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS / AND TODAY;S 254
SILVER: AI WHAT IS THE PRICE OF SILVER/CHRISTMAS DAY
HARVEY: THE PRICE INCLUDES A VAT 13% BUT STILL HIGHER BY $1.50 USA FROM LONDON PRICING
WHAT IS THE PRICE OF SILVER IN YUAN AND IN DOLLARS IN SHANGHAI TODAY? DEC 25
On December 25, 2025, markets are quiet due to the Christmas holiday, with limited trading volume.The global spot silver price (international benchmark, e.g., LBMA/COMEX) is approximately $71.94 to $72.00 USD per troy ounce, based on the latest available data from December 24–25.In Shanghai, physical silver on the Shanghai Gold Exchange (SGE) traded at a significant premium due to strong Chinese industrial demand and tight supply. On December 24, 2025, the SGE physical silver price closed around $78.49–$78.55 USD per troy ounce.The price in Chinese Yuan (CNY) on the SGE is typically quoted per kilogram or gram (e.g., Ag(T+D) contract in CNY per gram). Using the USD premium figure and the USD/CNY exchange rate of approximately 7.00–7.01 (as of late December 2025), the Shanghai price equates to roughly 550–550 CNY per troy ounce or about 17,700 CNY per kilogram.Note that Shanghai prices often exceed the global spot due to regional factors like industrial consumption in solar, EVs, and electronics. For the most precise real-time quotes, check the official SGE website or platforms like Shanghai Metals Market (SMM).
LEASE RATES PRETTY MUCH HIGHER: COURTESY OF ROBERT LAMBOURNE: DEC 25
Robert Lambourne
9:05 AM (11 minutes ago)
to me, Chris
Harvey and Chris,
Merry Christmas
Here is an update on conditions in the Chinese silver market:
Where we stand late today (24 Dec 2025)
• The SGE Ag(T+D) contract is trading in deep backwardation: spot ¥17,714 vs. next-month futures ≈ ¥17,450, an annualised implied lease rate of ≈ 23–25 % .
• Market commentary on the same day notes “silver lease rates have spiked to record levels” inside China, with industrial users paying the scarcity premium to keep solar-panel lines running.
Please see the attached link for more on the situation. This is reported to be an AI generated article reviewed by the editorial team. I suppose this is going to be more common from now on.
The Shanghai Gold Exchange and the Shanghai Futures Exchange next open on Monday, 29th December so western markets are open tomorrow whilst China is closed. Will anyone dare go short?
Regards,
Bob
SILVER LEASE RATES: DEC 26//REMAINS QUITE HIGH
Silver lease rates in Shanghai are reported to remain elevated, but there are differing levels reported. The highest rates are below
◦ 1-month implied (spot-futures inversion annualised) ≈ 23 – 26 % p.a. on 24-26 Dec . ◦ Actual SGE borrowing quote (broker circular 24 Dec) 25 % p.a. for 1-m, 18 % p.a. for 3-m—unchanged from the levels that sparked the October short-squeeze . • Gold lease rates remain c3 %, confirming the stress is silver-specific.
END
IMPORTANT: CHRISTMAS DAY REPORT ON SILVER LEASES ETC
Intensifying Shortage: This Is What A Run On The London Silver Market Looks Like
Dutch trading specialist Karel Mercx posted the following commentary where the opposite (multiply by -1) of the silver swap rate minus US interest rates can be used as a proxy for the implied silver lease rate to determine physical shortage in the London silver market.:
“The 1-year silver swap minus the US interest rate is now –7.18%.
That distortion explains why the silver rally is not over.
“ The 1-year silver swap minus the US interest rate is now almost –7%! That distortion is the key reason the silver rally is not over.
That spread should be positive, since silver needed in one year comes with storage, insurance, and financing costs.
Extra explanation.
The silver swap rate is a crucial part of the global precious-metals trade. It exists because major players such as banks, producers, industrial users, and investors constantly exchange silver for dollars without physically moving metal from vault to vault. This mechanism keeps the London physical market tightly connected to the New York financial market.
But that system is now under strain. Physical silver today is almost 7% more expensive than silver for delivery one year from now. Swaps were designed to avoid shipping metal around the world, yet today silver is being moved because buyers are demanding delivery.
Holding physical silver isn’t easy or cheap.
A $1 million position weighs several hundred kilograms, spread across dozens of heavy bars that require vault space, insurance, and security…
…That question is now being priced in. As long as the 1-year silver swap minus US rates remains below the red line, silver’s upside pressure continues. No one knows where supply and demand will reconnect. … ”
I’ve added a trend arrow to the chart that Mercx posted:
Figure 1 – One Year Silver Swaps Minus One Year One Year US Interest Rates at Dec 23, 2025; source: Karel Mercx x.com
Note that the distance from the red line normalization is increasing as the London silver shortage intensifies. The London silver market is devolving, not stabilizing.
[ZH: the spread between SHFE and COMEX silver futures is extreme to say the least – incentivizing the flow from London to Shanghai]…
This is what a run on the London ‘physical’ silver market looks like where holders of unallocated promissory notes for silver ownership and delivery, at the margins, start to demand physical metal delivery.
The enormous leverage of London paper (vapor) claims vs physical silver available for delivery gives the potential for a very quick unwind of London.
Only at the red line do supply and demand normalize.”
A further six days ago Mercx posted the following commentary:
“ The 1-year silver swap minus the US interest rate is now almost –7%! That distortion is the key reason the silver rally is not over.
That spread should be positive, since silver needed in one year comes with storage, insurance, and financing costs.
Extra explanation.
The silver swap rate is a crucial part of the global precious-metals trade. It exists because major players such as banks, producers, industrial users, and investors constantly exchange silver for dollars without physically moving metal from vault to vault. This mechanism keeps the London physical market tightly connected to the New York financial market.
But that system is now under strain. Physical silver today is almost 7% more expensive than silver for delivery one year from now. Swaps were designed to avoid shipping metal around the world, yet today silver is being moved because buyers are demanding delivery.
Holding physical silver isn’t easy or cheap.
A $1 million position weighs several hundred kilograms, spread across dozens of heavy bars that require vault space, insurance, and security…
…That question is now being priced in. As long as the 1-year silver swap minus US rates remains below the red line, silver’s upside pressure continues. No one knows where supply and demand will reconnect. … ”
I’ve added a trend arrow to the chart that Mercx posted:
Figure 1 – One Year Silver Swaps Minus One Year One Year US Interest Rates at Dec 23, 2025; source: Karel Mercx x.com
Note that the distance from the red line normalization is increasing as the London silver shortage intensifies. The London silver market is devolving, not stabilizing.
[ZH: the spread between SHFE and COMEX silver futures is extreme to say the least – incentivizing the flow from London to Shanghai]…
This is what a run on the London ‘physical’ silver market looks like where holders of unallocated promissory notes for silver ownership and delivery, at the margins, start to demand physical metal delivery.
The enormous leverage of London paper (vapor) claims vs physical silver available for delivery gives the potential for a very quick unwind of London.
END
THIS IS ACCURATE: THE ACTUAL PRICE SHANGHAI IS 86.14 DOLLARS WHICH INCLUDES 13% VAT
NET PRICE: 76.23 DOLLARS
THUS IN THE VIDEO 77.00 DOLLARS IS NET OF VAT
THE ABOVE AI GENERATED VIDEO SEEMS TO BE QUITE ACCURATE:
END
ANOTHER REPORT AND NOT THE ASIAN GUY:
END
NOW 3 DIFFERENT PRICES IN CHINA, INDIA AND USA/DEC 24 DATA
AND NOW GOLD
Gold Surges As Central Banks Brace For Global Debt Storm
Friday, Dec 26, 2025 – 08:00 AM
Submitted By Thomas Kolbe
The gold price is racing from one all-time high to the next. That’s good news for friends of the precious metal and bad news for anyone still hoping for a stabilization of global debt dynamics.
Assuming the markets close out the year without major volatility, gold holders can look forward to an approximate 70 percent increase in value within a single year. This is remarkable—not least because 2024 already ended with a 26 percent gain for the otherwise conservative asset class of precious metals. That amounts to a doubling of value in just two years—a surge usually seen in the tech sector rather than gold.
A Store of Value in Turbulent Times
For the most stable money humanity has ever known, which has served as a store of value in crises for millennia, this is no ordinary development. Quite the opposite. Among those who follow geopolitical developments and financial markets closely, such a compressed upward movement is an unmistakable signal: Danger is imminent.
Whether it’s military conflicts—like the Ukraine crisis, which still carries dangerous escalation potential—or the global debt dynamics now affecting nearly every region, capital is visibly fleeing to the safe haven of gold. Gold has a key advantage over other assets: there is no counterparty risk. Physical ownership—not as an ETF held at a bank—represents a tangible value that, aside from the annual 1.6 percent mining increase, neither inflates nor can be arbitrarily frozen.
By comparison, the M2 money supply—which includes cash, deposits, short-term term deposits such as money market funds, and savings accounts—is expected to grow by seven to nine percent globally this year. Gold is becoming scarcer relative to circulating fiat money—a compelling argument, particularly in central bank circles. Banks are well aware that their interest rate policies, coupled with ongoing debt monetization, lead to planned currency devaluation. Hence, the precise move into gold—central bankers are essentially trying to secure themselves.
The size of the global gold stock is limited and fairly precisely measurable. Worldwide, there are 216,000 tons of gold, equating to a volume of 11,200 m³—forming a cube with a side length of 22.3 meters.
Central Banks Scent Their Own Crisis
Globally, it was again the central banks pushing gold prices higher this year. The Polish, Chinese, and Turkish central banks stand out. Combined, central banks are expected to add roughly 1,000 tons of gold to their vaults this year—a figure well above the long-term average of 400–500 tons. As mentioned: danger is imminent.
This massive buying suggests that central bankers know full well we are facing a global debt problem—or may already be in the eye of the storm. Interest rates are rising in almost every economy, prompting investors to demand higher risk premiums on sovereign bonds from highly indebted states. The U.S., with over 120 percent debt, joins France (~117 percent) and Italy (~136 percent). Even Germany, currently an exception at 65 percent debt, plans a significant buildup in the coming years. Overstretched welfare states and additional burdens from migration-related crises push public budgets further into deficit, only offset by continuously growing bond volumes.
When central banks step in and take on large parts of this new debt, the credit money supply grows alongside the actual credit process, driving inflation in both goods and asset prices.
Subordinating monetary policy to fiscal mandates has created a powerful political unit. Debt policy becomes the norm, and the natural causality between deficit, higher taxes, and inflation is systematically stretched out over time. Who today links rising food prices or the precious metal boom to the Federal Reserve or the ECB?
Private investors feel the pressure, too: German households, for instance, bought about 9,000 tons of gold this year in the form of jewelry, goods, and coins.
Trust Crisis in the Global Financial System
Growing private and institutional demand for safe assets, which shows no sign of abating and is expected to continue into 2026, points to a severe trust crisis. Rising sovereign bond yields—especially in Japan, with debt around 230 percent—have reached alarming levels, scaring investors and exposing the depth of the trust crisis. A storm is brewing—and Japan may well be where it begins.
For years, Japan served as a carry trade hub: borrowing cheaply in yen and investing elsewhere for higher returns with limited currency risk. Rising rates there could abruptly make these long-standing financing models unprofitable.
The foundation of the international financial market, largely built on U.S. Treasuries, risks destabilization. Options to hedge against the monetary excess—central banks taking on massive state debts—are limited.
Gold remains one of the safest havens. For those preferring more volatility, Bitcoin is digital gold: serving the same purpose, independent of state creditworthiness, and operating as a self-contained economic ecosystem.
Italy and the Final Alarm Signal
As if one more proof were needed that a storm might hit capital markets, Italy—one of the Eurozone’s three pillars—has gone on the offensive. The country is working to legally transfer gold stored at the Italian central bank to state ownership.
Does Prime Minister Giorgia Meloni foresee that in a Euro crisis, the ECB might tap national gold reserves to stabilize the common currency?
How far has the trust crisis in capital markets already advanced? The new year may soon give us a clearer answer to this pressing question.
END
ASIA RESULTS; FRIDAY DEC 26
SHANGHAI CLOSED UP 4.06 POINTS OR 0.10%
//Hang Seng CLOSED
// Nikkei CLOSED
//Australia’s all ordinaries CLOSED
//Chinese yuan (ONSHORE) CLOSED UP TO 7.0070
/ OFFSHORE CLOSED UP AT 7.0030/ Oil DOWN TO 58.34 dollars per barrel for WTI and BRENT DOWN TO 62.03 Stocks in Europe OPENED ALL MIXED AND COME CLOSED
ONSHORE USA/ YUAN TRADING UP TO 7.0070 OFFSHORE YUAN TRADING UP TO 7.0030:/ONSHORE YUAN TRADING BELOW OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER//OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 7.0070
OFFSHORE YUAN: UP TO 7.0030
HANG SENG CLOSED
2. Nikkei closed
3. Europe stocks SO FAR: ALL MIXED
USA dollar INDEX DOWN TO 97.55 /// EURO RISES TO 1.1797 UP 2 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +2.043 // DOWN 1 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 155.83…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE ENDING OF THE YEN CARRY TRADE AGAIN AND THE REPATRIATION OF YEN DENOMINATED BONDS TRADING IN THE USA/EUROPE. JAPAN 30 YR BOND YIELD: 3.373 DOWN 4 FULL BASIS PTS. AND STILL VERY TROUBLESOME
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 UP this morning
3h European bond buying continues to push yields LOWER on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.824/ Italian 10 Yr bond yield DOWN to 3.514 SPAIN 10 YR BOND YIELD DOWN TO 3.293
3i Greek 10 year bond yield DOWN TO 3.503
3j Gold at $4522.00 Silver at: 74.26 1 am est) SILVER NEXT RESISTANCE LEVEL AT $80.00
3k USA vs Russian rouble;// Russian rouble UP 0 AND 44/100 roubles/dollar; ROUBLE AT 77.69
3m oil (WTI) into the 58 dollar handle for WTI and 62 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 156.28 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.043% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING//YEN BOND TRADING OVERSEAS REPATRIATED.//JAPAN 30 YR: 3.373 DOWN 4 BASIS PTS.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.7882 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9295 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: 4.108 DOWN 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.790 DOWN 1 BASIS PTS/
USA 2 YR BOND YIELD: 3.479 DOWN 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 42.93 UP 7 BASIS PTS/LIRA GETTING KILLED
10 YR UK BOND YIELD: 4.5080 DOWN 1 PTS
30 YR UK BOND YIELD: 5.250 UP 1 BASIS PTS
10 YR CANADA BOND YIELD: 3.401 DOWN 2 BASIS PTS
5 YR CANADA BOND YIELD: 2.935 DOWN 2 BASIS PTS.
1a New York OPENING REPORT
S&P Futures Trade At Record High As Precious Metal Surge Accelerates
Friday, Dec 26, 2025 – 08:53 AM
US equity futures are little changed in thin trading with most traders away from the screens, while the bulk of overnight actions was once again in gold and silver as precious metals soared to a new record high driven by feverish Chinese demand. As of 8:15am, S&P futures were flat after closing Wednesday’s session at a new record high, while Nasdaq 100 futs were fractionally in the green. Asian markets were mostly higher while European bourses are closed. The dollar was unchanged as were treasuries, with the benchmark 10-year yield at 4.13%. There is no macro on today’s calendar.
In premarket trading, Mah 7 stocks were mixed (Nvidia +0.7%, Tesla +0.2%, Alphabet +0.1%, Apple little changed, Amazon -0.1%, Meta Platforms -0.1%, Microsoft -0.2%).
Miners including Coeur (CDE) and Freeport (FCX) are higher as gold, silver and platinum jumped to all-time highs and copper surged to a record in Shanghai and rallied in New York.
Biohaven (BHVN) drops 14% after a mid-stage study of the company’s experimental drug BHV-7000 for the treatment of major depressive disorder missed the primary endpoint.
Coupang (CPNG) gains 6.3% after Yonhap News reported the e-commerce company has identified the former employee who allegedly accessed personal data of 33 million customers; the company has retrieved all hard disk drives and devices that the ex-worker used.
As the Santa Rally accelerates, the MSCI All Country World Index gained 0.1%, rising for a seventh day, while a gauge of Asian stocks climbed 0.2%; Australia, Hong Kong and markets in Europe remain for holidays. Bloomberg’s index of the dollar held near the lowest since October. Treasuries were little changed, with the benchmark 10-year yield at 4.13%.
Once again, the bulk of the overnight action was in gold and silver, which jumped as escalating geopolitical tensions and dollar weakness helped extend a historic rally for precious metals. Spot silver advanced for a fifth day, climbing as much as 5.2% to cross $75 an ounce for the first time. Gold, set for its best annual advance since 1979, rose as much as 1.2% to above $4,500 an ounce.
Copper surged to a record in Shanghai and rallied in New York, adding to substantial annual gains as investors bet on tighter global supplies in 2026, while also pricing in the impact of a weaker US dollar.
Meanwhile, the “Santa Claus Rally” which we said would be unleashed by Abu Dhabi’s bailout of OpenAI’s funding plans last week, is set to push stocks to fresh records even as exuberance over artificial intelligence and the Federal Reserve’s interest-rate path are being questioned. The rally is traditionally seen as taking place on the final five trading sessions of a year and the first two of the new one. Of course, the rally can well start early, and it did just that with the S&P 500 rising Wednesday for a fifth day in a shortened session ahead of the Christmas holiday.
“As equity markets enter the fourth year of a bull market, our underlying market call remains constructive,” Scott Chronert, head of US equities strategy at Citigroup Inc., wrote in a note this week. “The current fundamental backdrop clearly has the opportunity for an ongoing AI-related tailwind to large-cap growth.”
After earlier concerns over high valuations for tech stocks amid the AI boom, traders are regaining confidence that companies will deliver solid earnings growth in 2026.
European bourses are closed; Asian stocks extended gains for the week, helped by advances in Japan, Taiwan and South Korea. The MSCI Asia Pacific Index climbed as much as 0.5%, putting the gauge on track for its best week since late November. Samsung Electronics, TSMC and SK Hynix were among the biggest boosts to the index’s gain. Markets in Hong Kong, Australia and Indonesia remained closed for a holiday. Markets fell in Vietnam, Thailand and India.
Tech shares traded higher, amid a year-end rally in US peers, with Samsung Electronics rising to an all-time high. Japanese stocks rose as tech shares and exporters bolstered the indexes, while buying in dividend names also lifted shares. Mainland China shares rose, with gains in stocks related to solar, precious metals, lithium batteries and new energy vehicles boosting the gauge.
“China equity markets enter 2026 with the wind at their back, and new momentum from advanced manufacturing and tech self-sufficiency drivers,” according to a note by UBS CIO. “With domestic investors on board and global investors adjusting their stance, we see more upside ahead, even if occasional volatility and geopolitical squalls lie on the horizon.”
“There were AI-related concerns earlier this month, but those seem to have been digested by the market,” said Tetsuo Seshimo, a portfolio manager at Saison Asset Management in Tokyo.
In FX, the yen weakened 0.4% to about 156.44 to the dollar after a report showed Tokyo’s inflation cooled more than expected as pressures from food and energy prices faded. That triggered weakness in the currency on bets the Bank of Japan may push back the timing of its next rate hike. Meanwhile, China set the yuan’s daily reference rate at a level that was below market estimates by a record margin, in the latest sign of policymakers’ intention to slow the currency’s appreciation.
The move came after the offshore yuan advanced past the psychological level of 7 per dollar on Thursday for the first time since September 2024. The PBOC has steered the yuan toward a path of appreciation to appease Beijing’s trading partners, but has sought to maintain a gradual pace of gains to avoid a surge of hot-money inflows.
In commodities, oil headed for the biggest weekly gain since October, as traders tracked a partial US blockade of crude shipments from Venezuela and a military strike by Washington against a terrorist group in Nigeria.
1 b) European opening report
OFF
1c) Asian opening report
2.a NORTH AND SOUTH KOREA
SOUTH KOREA/USA
2b. JAPAN
3. CHINA/
China sanctions 20 USA defense firms due to their dealing with Taiwan
(zerohedge)
China Sanctions 20 US Defense Firms, Issues ‘Red Line’ Warning Over Record Taiwan Arms Deal
Friday, Dec 26, 2025 – 08:25 AM
After sounding the constant warning that Washington is “playing with fire” in continually arming and supporting self-ruled Taiwan, China’s foreign ministry announced Friday new sanctions on ten individuals and 20 American defense companies, mostly notably among them Boeing, specifically in response to American arms sales to Taiwan.
The ministry described that the sanctions freeze any assets that the listed people and firms hold in China and prohibit Chinese organizations and citizens from conducting business with them, and singled out Boeing’s St. Louis-based defense branch, Northrop Grumman Systems Corporation and L3Harris Maritime Services – among others.
Also on the list is Palmer Luckey, the founder of defense firm Anduril Industries. The sanctioned executives are barred from traveling to mainland China, as well as Hong Kong and Macau.
“In response to the latest US announcement of large-scale arms sales to China’s Taiwan region, China has decided to take countermeasures in accordance with the anti-foreign sanctions law against 20 US defense-related companies and 10 senior executives who have engaged in arming Taiwan in recent years,” stated the Chinese foreign ministry.
“Anyone who attempts to cross the line and make provocations on the Taiwan question will be met with China’s firm response… No country or force shall ever underestimate the resolve, will, and ability of the Chinese government and people to safeguard national sovereignty and territorial integrity,” it added.
The ministry described that “movable and immovable properties, and other kinds of assets” of these American firms and individuals within China “shall be frozen.”
The punitive measure follows the Trump administration’s provocative announcement last week of an $11.1 billion arms package for Taiwan, which is record-setting, confirmed as the largest such US sale to the island to date.
Beijing has said “The Taiwan issue lies at the heart of China’s core interests and represents the first red line in China-U.S. relations that must not be crossed,” according to a foreign ministry spokesperson.
The Pentagon’s Defense Security Cooperation Agency said the major arms sales are intended to support Taipei’s efforts to “modernize its armed forces and to maintain a credible defensive capability.”
The biggest chunks of the package include some $4 billion of Himars truck-based missile launchers, enough for 82 of the advanced systems.
The Himars have enough range to be able to reach targets on China’s east coast, which introduces a new level of ‘deterrence’ from Taipei’s and Washington’s perspectives.
Last week, soon on the heels of this, Beijing issued a blistering statement saying, “The ‘Taiwan independence’ forces on the island seek independence through force and resist reunification through force, squandering the hard-earned money of the people to purchase weapons at the cost of turning Taiwan into a powder keg.”
That prior statement had added, “This cannot save the doomed fate of ‘Taiwan independence’ but will only accelerate the push of the Taiwan Strait toward a dangerous situation of military confrontation and war. The U.S. support for ‘Taiwan Independence’ through arms will only end up backfiring. Using Taiwan to contain China will not succeed.”
4 EUROPEAN/NATO AFFAIRS/SCANDINAVIA
EUROPE/RUSSIA AND UKRAINE
Pepe Escobar….
Escobar: Europe’s Elites Pay For The Privilege Of Losing Conflict
When in doubt, Europeans should always re-read Tacitus. As a true Roman, he considered that sacrifice was only worthy if conducted at the service of the motherland. In his time, the Roman Empire. In our time, that would be civilization-state Italy.
Tacitus was a keen student of Resistance – reflecting on the worthiness of the heroic deaths of those condemned to suicide by Nero and Domitian. He followed all the legal battles, the condemnation of lay martyrs such as Seneca. He talks about them with veneration; but branded their sacrifice as sterile.
Tacitus refused the temptation of heroism – and asked himself if between the ardor of disdain and vile obsequiousness a path could be found exempt from vaingloriousness.
He certainly didn’t see this path in the future of Rome. He experienced life under absolute power – today that would be under the yoke of the European Union (EU) and European Commission (EC) – and noted that to exercise it or be submitted by it was equally degrading.
The questions he could not answer are eternal. Whether a people protagonist of History and enjoying domination is able to be worthy of it; whether it’s possible for those who govern to remain wise; and for those who are subjects, what to do to not humiliate themselves.
To History and politics, Tacitus posed only moral questions. For him, the only possible salvation will come via moral healing.
He quoted some verses of brilliant poet Lucan, who was also a victim of Nero – who wrote that considering “the most serious calamities” one “had proof that not towards our security are the gods solicitous, but of our punishment”.
All these questions apply now to Europeans being subjugated by appallingly mediocre warmongering elites – who are only speeding up a negative vortex way more serious than the decadence of Rome. While “the Gods” are Olympically oblivious of the punishment inflicted on mere – taxpaying – mortals.
Throwing Money Into a Black Void
Enter the latest European elite scam: the decision to hand over to the “criminal organization” in Kiev – President Putin’s terminology – a cool 90 billion euros joint loan for 2026-2027, at 0% interest rate. Hungary, Slovakia and the Czech Republic officially refused to be part of the scam.
This joint EU borrowing – funds that they don’t have in the first place – automatically turns into EU debt. The onus will be on EU-wide taxpayers. Not only they will be stripped of 90 billion euros of their hard earned income coupled with high taxes; they will pay European banks for the “privilege”. Everyone in the corridors of the EC in Brussels knows that only in interest, EU member-states will have to pay over 3 billion euros a year.
The imperative corollary: funds for health services, education and social rights will go even more down the drain than at present.
It’s key to be reminded that this sweet loan will only cover two years to keep the Kiev gang on life support. Afterwards, it will be yet another scam. And even the sweet loan won’t be enough for 2026-2027 – covering only two-thirds of the black hole in Kiev.
The conditions for the loan are mind-boggling. Kiev will repay it if – and the operative word is an impossible “if” – receives “full reparations” from Russia. The EC in Brussels has stipulated the total amount at over half a trillion euros.
It gets even juicier. Before the loan, the EC had previously declared Ukraine insolvent; and announced that it could not provide loans to Kiev. Still, they forced themselves to come up with this latest sweet loan: direct financing, a de facto grant.
According to Ukraine’s lead negotiator Rustem Umerov:
“there are two scenarios: 1 – if the conflict ends, the funds will go toward rebuilding the country; 2 – if aggression continues, Ukraine expects €40–45 billion annually for defense and security.”
Both scenarios are absurd. First: Moscow – as the victor in the conflict – will never agree to finance the rebuilding of Ukraine via its own sovereing wealth fund stolen by Europeans. Second: the Kiev gang is already positioning itself to be showered with more free money, as in “if aggression continues…”
This whole circus is in progress because the EU failed to steal the Russian sovereign wealth funds for good – no matter the tsunami of spin speculating on who finally “betrayed” who (arguably France’s Le Petit Roi dumped the German BlackRock chancellor at the final stage of the negotiations).
What matters in the end is that a few economists with an IQ above a Brussels room temperature warned their “leaders” that if the “robbery” (Putin’s terminology) of Russia would go on, nations holding sovereign wealth funds – from Asia to the Persian Gulf – would always regard them not as savings but as high risk investments, with catastrophic consequences.
There are no illusions in Moscow. Deputy Chairman of the Security Council Dmitri Medvedev noted that “Brussels thieves” have not ditched their plans. Additionally, the toxic Medusa in charge of the EC had already stated that Russian assets can be unblocked only by a qualified majority vote – as in, for instance, two-thirds or three-quarters of the total number of member-state voters.
Tacitus would have approved Putin’s lapidary evaluation of the EU: “They [the previous US administration] believed Russia could be easily broken up and dismantled. European ‘swine underlings’ immediately joined the efforts of that previous American administration, hoping to profit from our country’s collapse: to reclaim what had been lost in earlier historical periods and to exact a form of revenge. As has now become evident to all, every one of those attempts, every destructive design against Russia, has ended in complete and total failure”.
Watch Those European Bonds
The 90 billion euro sweet loan is just the top of a deep, deep iceberg. Add to it the – still non-existent – funds to keep weaponizing Kiev as well as buying gas, fuel and electric energy, as Ukraine is totally dependent on the EU. In parallel, the EU lost the Russian market: in 2021, before the start of the SMO, the EU was exporting 90 billion euros a year to Russia.
The burning question of how much will it take to rebuild Ukraine has now reached forest fire territory. A 2024 World Bank study placed it at 600 bilion euros – to be paid in full by an EU locked in a Forever War mindset.
Considering how Russia is now on a roll bombing key Ukrainian military infrastructure, the final cost of the European adventure – after Napoleon and Hitler, now it’s the EU/NATO Coalition of Hell’s turn – may easily reach and surpass 1 trillion euros, complete with European-wide de-industrialization; loss of global competitivity; loss of the Russian market; an array of US tariffs; and total vassalization imposed by the Empire of Chaos.
As if all this concentric black void was not enough, German finance experts warn that the yield on European bonds is rising fast. After all, no one in his right mind will lend money to these Forever Wars “elites” at a low interest rate.
So the name of the game now is high risk – at the systemic level. This includes: governments refinancing debt at higher rates; corporations refinancing on even worse terms; banks tightening lending standards.
In a nutshell: Capital is flowing out of weak balance sheets. And bonds always move first, because they assess cash flows, not European warmongering narratives.
Every serious crisis starts with rising interest rates. 0% for Ukraine does not even qualify as a fairy tale. What matters, for starters, is what bank sharks will charge on that sweet 90 billion grant.
Don’t count on an European axis of sanity suddenly stepping up to save the former apex of civilization. That may take generations. Meanwhile, Tacitus applies. The Gods seem to be totally relishing the punishment inflicted on mere – taxpaying – mortals.
German Chancellor Friedrich Merz last week decried the end of Pax Americana and declared that Germany will fill the void:
“The decades of Pax Americana for Europe and Germany are largely over for us. It no longer exists as we knew it. Nostalgia will not help us, and I would be the last person to give in to this nostalgia. This is a reality! The Americans are now very fiercely defending their interests. And that is why we must now defend our interests.”
What were the first acts in defending those interests? Germany approved a nearly $60 billion spending package—believed to be the largest in post WWII German history— that provided aboost to defense stocks, which have begun to come down slightly from their record highs. And on Friday the EU approved 90 billion euros in joint debt in an attempt to keep Project Ukraine limping along.
What does it all mean? Is Germany seriously considering conflict with Russia or is it more subterfuge to push the train down the dual tracks of enriching the capital class while holding together the supranational European project? Probably both—but as the European elite bust out their own countries, run up the tab on rearmament, and do all they can to antagonize Russia in Ukraine and elsewhere, when exactly is common sense supposed to kick in?
Let’s start with what we know.
The German political class has been going on about the end of Pax Americana for years now, just as they’ve been talking about rearmament for years. What these discussions allude to is a Pax Germanica taking the place of Washington in the European theater.
Yes, perhaps it should have “stopped Europe cold”, but then, so should have much of the events of the past four years or so. Yet whether by design or folly, it’s becoming increasingly evident that the vaunted German efficiency is a myth.
They keep pouring money into the rearmament black hole while hollowing out the economy and cutting social spending. It was fitting that on the same day the Bundestag approved the $60 billion in defense spending, the government also moved to cut welfare payments.
Merz’s speech was similar to Angela Merkel’s 2017 warning that Trump’s America was turning its back on Europe. But Merz goes much further by arguing that Europe “is no longer in peace” and that only a strong Germany can return it to such a state.
This argument is similar to the much-discussed Zeitenwende of Merz’s predecessor, Olaf Scholz. The Zeitenwende has surely been a turn, just not so much in the way it was marketed. It was supposed to mark the dawn of a new era in Europe and Germany in particular, which would undergo a massive overhaul of its armed forces in order to “deter” Russia and bring peace of course. It hasn’t done any of that. In fact, coupled with a refusal to compromise or even hold genuine discussions with Moscow, it’s made conflict more likely. But it also hasn’t produced much in the way of results for the German armed forces, which are still a long ways from being ready for any sort of sustained conflict (more on that below).
More recently, a report last year from The German Institute for International and Security Affairs (SWP) titled “Europe and the End of Pax Americana” is nearly identical to what Merz said last week. SWP is one of the foremost think tanks in Germany, and it advises the Bundestag and the federal government on foreign and security policy issues so it’s worth paying attention to, although it usually produces quite bland, toned down versions of reports from the imperial capital in DC. Here’s the meat of its Pax Americana Finis report:
Ultimately, the decline of Pax Americana also raises the question of what role liberal-democratic values could and should play in foreign policy. German and European advocates of a values-based foreign policy could lose an important backer – namely, America – in the coming years. As far as the European security order is concerned, the situation is quite clear: the conflict with Russia is only superficially about territorial claims and military power relations; its real cause lies in irreconcilable values about Europe’s internal and external order. From the perspective of the EU and the European NATO states, Europe’s security is therefore inextricably linked to the defence of liberal-democratic values.
Standing up for values outside Europe should therefore focus on those norms, institutions and rules that directly affect the peaceful coexistence of states: international and maritime law, multilateralism and, consequently, the often-cited “rules-based order” at the regional and global level. These principles are also supported out of self-interest by authoritarian states that are not major powers and therefore are confronted by more powerful neighbours. However, none of this changes the sobering fact that without the United States, it would be much more difficult to protect the remnants of the rules-based world order.
Beyond the obvious joke of the rules-based order, what is being proposed here? That Germany will keep the fight against Russia in the name of this order (which is code for neoliberal capitalism controlled by Wall Street and the European financial class).
In What Form Is This Fight?
If this is the war Germany is engaged in, it started a while back. And it surely isn’t for the benefit of all Germans. Let us briefly once again recall that the final nail in the coffin of the German economy was Berlin’s decision to move away from cheap and reliable Russian natural gas. Amid the hysteria of the conflict in Ukraine, which is backed by Germany, the response in Berlin has been an assault on the working class in Germany.
While the valuations of weapons companies soar, foreign investors are feasting on the German economic carcass. And the government in Berlin is now committing $35.2 billion in public guarantees, loans, and equity to “de-risk” private equity investments in energy, industry, and advanced technology. This is happening as the German engine of Europe breaks down and is dragging the Eurozone with it. So the military keynesianism ain’t working (it’s a highly inefficient way to boost the economy) while more and more money is being directed away from social programs and into weapons companies and financialization schemes in the name of competitiveness and defending the country against the dual so-called threats of Russia and a retreating America. Nevermind that US troops remain in Germany and that Moscow was perfectly happy doing business with Germany, wanted further integration with Europe, and has no interest in having to go to war with and subdue a continent of 450 million people who are cursed with fanatically Russophobic leaders.
Unprepared for a Real Fight
While the European political class wants to keep Project Ukraine going, longer term their stated goal is to be ready for war with Russia. They are nowhere close. A June report from the Kiel Institute and Bruegel highlights the lack of preparedness. The authors don’t proclaim that Germany and Europe will not be ready to fight by 2030 but consider the obstacles:
An inability to translate spending into real capabilities and sustained growth in European force generation, sustainment, and military modernisation.
Reducing dependency on US systems and the overstretched US defence industrial base will be a challenge.
Cost effectiveness is a major problem.
Perhaps the greatest challenge is reducing dependency on US forces, which means raising a large number of European troops for which the local population has shown no appetite for.
Meanwhile, Russia has only increased its advantage since 2022.
It would take an enormous amount of political will, vision, population-wide sacrifice, and even then they might still be far behind Russia but at least able to last more than a few weeks.
Does the current crop of European elected officials or any on the horizon appear capable of anything beyond busting out their own countries?
How about what we don’t know.
Is It All a Ruse?
It’s entirely possible. As we see, there are benefits for capital and its long-held wish to dismantle European welfare states. Beyond that, it aids the expansion of supranational EU power, which has nothing much to offer anymore except fear mongering of the Russian horde.
Living standards in the EU continue to decline as prices go up, real wages decline, and the social safety net is cut, and all the borrowing to juice weapons companies and pave the path for private equity are only making matters worse. As a Friday paper from the Kiel Institute highlights:
Current NATO rearmament plans could lead to permanently higher taxes in member states, according to a new analysis by the Kiel Institute based on a unique dataset. The dataset covers the financing of rearmament and wars over the past 150 years in 20 countries. It shows that military spending is initially financed through significantly higher public debt, while in the medium to long term the tax burden rises.
Spook Alignment?
The fact is we don’t know with any degree of certainty what European governments have planned because they long ago quit paying attention to voters, and so much of foreign policy (and domestic) is nowadays conducted by the spooks. As just one example, here’s the situation in the UK, which is openly discussing continuing its dirty war against Russia beyond the inevitable Ukraine collapse:
And we see Western governments engaged in all sorts of games like fake negotiations designed to trick targets, narrative control, false flags, etc. The Washington Post, for example, just confirmed what was long suspected: that the US pretended to be in negotiations with Tehran in order to help Israel target Iranian nuclear scientists and other officials. And I’ve lost count of the number of stories over the past few years that detail angry calls from the White House to Israeli Prime Minister Benjamin Netanyahu and tell us a serious rift is emerging between the US and Israel.
With spy games as statecraft, the interests of capital taking precedent over national interest, and crazies running the show, the idea that Europe might try to further “extend” Russia into its own yard doesn’t appear far-fetched—despite their lack of preparedness for such a fight.
For example, if there is “spook alignment” in the West, the plan as discussed by some American think tankers and officials to transform the fight against Russia into an EU project while the US tries to play mediator and make imperial gains elsewhere, looks more possible—if not gaining much in the way of sense. But if the European Blob was delusional enough to go all in on Project Ukraine, what about the larger Western Blob project underway for the US to regain hegemony using oil and AI, which involves strengthening control over West Asia and domination in the Western Hemisphere in order to better confront Russia and China economically, if not militarily.
Even if there isn’t such transatlantic Blob alignment, there exists a great deal of danger for Europe.
Russia is treating the European threat very seriously. As the military buildups continue in Eastern Europe and the dirty war plays out in multiple theaters, the chances of more direct conflict increase. The madness surrounding the so-called shadow fleet with Ukraine (with whose help?) now hitting Russian tankers in the Mediterranean Sea leaps immediately to mind as a potential source of more direct confrontation once/if Moscow runs out of patience. Even if the titans of finance and the EU power mad bureaucrats see benefits in drumming up the threat of conflict, the fallout from Europe’s economic decline will only become more unpredictable and lead to more desperation.
For now, the idea that the Europeans are bluffing and are wise enough to fold at some point requires us to ignore that nearly the entire European political class has already been willing to decimate their own countries economically in the name of this conflict, and wisdom would have been not to start it to begin with. Their actions show that they value the lives of their fellow countrymen as much as they do Ukrainians. If these actors truly believe in the logic that extending Russia will ultimately weaken it (thus far, the evidence is to the contrary) and topple the government, then when they’re no longer able to outsource the job to Ukrainians they won’t hesitate to further wreck their homelands.
They might not be insane enough to send battalions eastwards, but if they can successfully goad the Moscow, imagine how beneficial some Russian strikes on EU territory would be for the effort to burn more cash on rearmament, further scale back social spending, and centralize more power in Brussels.
So as the EU continues its free fall, perhaps the scariest thought is that the political class has already dug so deep, they’re already at bomb shelter depth.
Finland has over 50,000 air raid shelters.
Their preparedness aims to strengthen their resilience and to deter aggression.
— Ursula von der Leyen (@vonderleyen_epp) June 4, 2024
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
TBN ISRAEL/LAST 24 HR
ISRAEL VS HAMAS
Two murdered, two wounded in combined terror attack in three sites in northern Israel
The first victim was Shimshon Mordechai, a 68-year-old man who was run over near Beit She’an. The terrorist then fled in a vehicle, exiting it to kill 18-year-old Aviv Maor on Route 71.
Police apprehend terrorist who murdered two in combined terror attack, December 26, 2025.(photo credit: ISRAEL POLICE)ByTZVI JASPER, JERUSALEM POST STAFFDECEMBER 26, 2025 13:41Updated: DECEMBER 26, 2025 16:22
Two people have been killed by a terrorist conducting a series of attacks in multiple locations in the North.
The first victim was a 68-year-old man who was run over and killed near Beit She’an. The terrorist then fled in a vehicle, exiting it to stab an 18-year-old woman on Route 71, who was also killed.
The terrorist continued driving before being neutralized outside of Afula. He is reported to be in moderate condition.
The 68-year-old victim was Shimshon Mordechai, a resident of Beit She’an, and the 18-year-old was named Aviv Maor, Israeli media reported.
Two murdered, two injured in combined terror attack in three sites in northern Israel (credit: Section 27A(a) of the Copyright Law)
Also wounded by the terrorist was a 16-year-old boy in Beit She’an, who was rammed by the terrorist’s vehicle. He was brought to the hospital lightly wounded.
“When we arrived at the scene, we saw the boy sitting inside a car, conscious and suffering from injuries to his limbs.” Daniel Mousai, a Magen David Adom EMT, said. “Citizens who were there told us that he had been hit by a fleeing vehicle, and they helped him in the first moments.”Mousai reports that just as they were loading the boy into an ambulance for him to be taken to the hospital, they received a report of an unconscious injured person on a nearby street.
“I immediately got to him and saw a 68-year-old man lying on the side of the road, suffering from a serious chest injury. Together with the intensive care unit team, we provided medical treatment and performed CPR, but his injury was fatal, and we had to pronounce him dead on the spot.”
“The terrorist missed him and ran into an electric pole,” a witness to the attack outside Afula described to i24news. “He got out of the vehicle, picked up a huge rock, and brought it down on his head. Immediately afterward the police arrived and took him down.”
Israeli media reported that the terrorist was an illegal resident named Ahmed Abu al-Rov, a man in his thirties living in Qabatiya, in the West Bank. It was also reported that a security source claimed that al-Rov was employed by an Arab-Israeli citizen, and that the vehicle he used in his terror attack belonged to his employer.
Aviv Maor, one of the victims killed in a terror attack in Israel’s north on December 26, 2025. (credit: SECTION 27A COPYRIGHT ACT)
An IDF spokesperson said that al-Rov had infiltrated Israel several days before his attack.
Initial reactions by Israeli officials, IDF
Defense Minister Israel Katz ordered the IDF to prepare for an operation inside Qabatiya.
Israeli President Isaac Herzog said that he had spoken Beit She’an Mayor Noam Juma’a and Gilboa Regional Council Head Danny Atar and requested they “convey words of strength, support, and condolences to the residents of the area from the entire people of Israel in the face of this difficult event.”
IDF Chief of Staff Eyal Zamir is conducting a situational assessment on the incident alongside other commanders.
National Security Minister Itamar Ben-Gvir said, “It has been proven once again that weapons save lives. I call on the citizens of Israel to arm themselves. We have made concessions. We have made huge reforms on this issue. Let’s arm ourselves.
“The second thing that I think will save even more lives is the death penalty law for terrorists. I really hope that no one torpedoes this proposal.”
Finance Minister Bezalel Smotrich urged in response to the attack that “we are required to demonstrate national resolve and civic responsibility” in a post on X/Twitter, clarifying that “our hold on Judea and Samaria must be fortified” and “refraining from employing illegal residents.”
Foreign Minister Gideon Sa’ar said in response that, “The Palestinian Authority is deceiving the international community while continuing to pay salaries to terrorists and their families and encouraging terror.”
The Hamas terror organization said in response to the attack that “Resistance in all its forms is a legitimate right guaranteed by international law and humanitarian principles for peoples living under occupation.”
This is a developing story.
ISRAEL VS HAMAS
ISRAEL VS HEZBOLLAH
IDF attacks Hezbollah combat training ground, terror infrastructure in Lebanon
The locations attacked included a combat training ground and warehouses of weaponry and terrorist infrastructure.
Smoke billows over Beirut’s southern suburbs, following an Israeli strike after issuing an evacuation warning for the area, as seen from Baabda, Lebanon, April 27, 2025.(photo credit: MOHAMED AZAKIR/REUTERS)ByTZVI JASPERDECEMBER 26, 2025 10:54Updated: DECEMBER 26, 2025 11:06
The IDF launched an attack on several Hezbollah sites in Lebanon, the IDF spokesperson announced on Friday.
The locations attacked included a combat training ground used by Hezbollah’s Radwan Force, which the spokesperson said was used to plan terror attacks against the IDF and Israel.
A number of warehouses containing weaponry and terrorist infrastructure were also attacked, as well as structures used by Hezbollah to advance terrorism goals within Lebanon.
Israel’s recent Lebanon assassinations
This attack is the latest in a series of operations the IDF has conducted in Lebanon recently.
On Thursday, Israel assassinated a senior Islamic Revolutionary Guard Corps Quds Force Unit 840 commander in Lebanon, Hasin Mahmoud Marshad al-Jawahiri.
Earlier that day, the IDF confirmed it had killed an additional Hezbollah terrorist working towards restoring Hezbollah’s terror infrastructures in Southern Lebanon.
This is a developing story.
ISRAEL SOMALIALAND
Netanyahu recognizes Somaliland as two nations establish full diplomatic relations
Netanyahu congratulated Somaliland President H.E. Abdirahman Mohamed Abdillahi and praised his leadership and commitment to security, stability, and peace.
Prime Minister Benjamin Netanyahu officially recognized the Republic of Somaliland as an independent and sovereign state(photo credit: PRIME MINISTER’S OFFICE)ByDANIELLE GREYMAN-KENNARDDECEMBER 26, 2025 16:14Updated: DECEMBER 26, 2025 16:15
Prime Minister Benjamin Netanyahu officially recognized Somaliland as an independent and sovereign state, the Prime Minister’s Office announced on Friday.
Together with Foreign Minister Gideon Sa’ar and Somaliland’s president, Netanyahu signed a joint and mutual declaration on Friday.
Netanyahu congratulated Somaliland President H.E. Abdirahman Mohamed Abdillahi and praised his leadership and commitment to security, stability, and peace.
Netanyahu also invited Abdillahi to make an official visit to Israel.
Prime Minister Benjamin Netanyahu officially recognized the Republic of Somaliland as an independent and sovereign state (credit: PRIME MINISTER’S OFFICE)
Israel’s future talks with Somaliland under new declaration
Abdillahi thanked Netanyahu for his role in the declaration and expressed his appreciation for Israel’s efforts in combating terrorism and advancing regional peace.
The Prime Minister announced today the official recognition of the Republic of Somaliland as an independent and sovereign state.
Prime Minister Netanyahu, Foreign Minister Sa'ar, and the President of the Republic of Somaliland signed a joint and mutual declaration. pic.twitter.com/M0AeTs5oxY
Netanyahu also expressed gratitude to Sa’ar, the Mossad, and its Director, David Barnea, for their contribution to advancing recognition between the two countries.
Netanyahu concluded by wishing the people of Somaliland success, prosperity, and freedom.
Israel will focus on collaboration in agriculture, health, technology, and the economy in its relations with Somaliland, the office stated.
Sa’ar later posted on social media, “I was glad to speak just now with the President of Somaliland Abdirahman Mohamed Abdullahi, on this important day for both countries.
When I think of the recent assassination of Charlie Kirk I see the event as symbolic of the death of civil discourse in the west. The timeline split at that moment leaving two distinct groups: The conservatives and centrists who cling to the fantasy that progress through traditional politics is still possible, and the patriots who now realize that a peaceful resolution is unattainable.
I also see it as symbolic of a deeper element of the culture war – Specifically, the war on young white western men. Kirk was 31 at the time of his death. Not “young”, but almost 15 years younger than I am, and it has left me thinking about the future for the next generation of western males at a time when the system is obviously hellbent on destroying them.
They have been the subject of economic warfare through DEI: Corporations and colleges give first shot to any identity group other than white males regardless of merit.
They have been targeted by social warfare: Demonized as irredeemable monsters by woke cancel culture and labeled the cause of all the world’s ills. Their ancestors built a civilization of unprecedented prosperity and so much material bounty even the poorest people are fat. They created the middle class, a concept which had never existed before in history. In 1890 the average global life expectancy was 42 years; by 1990 the average life expectancy was 73 years, all because of western civilization and the technology it created. And now, white guys are being punished for it.
They have been selected for extermination: They’re the key demographic that leftist governments want to use as cannon fodder for a mindless geopolitical mess in Ukraine.
Charlie Kirk’s biggest mistake was believing that the system could be defeated through peaceful discourse. He was wrong. It’s not just the insanity of the political left that makes peace and reason impossible, there’s also the machinations of globalist controlled governments working tirelessly to conjure a perpetual meat grinder through domestic and foreign conflicts.
One indicator of a coming purge is the open call for young men (specifically conservative men) to accept the idea of future conscription. Multiple EU member states have threatened to institute a military draft if volunteer numbers do not dramatically increase (so much for “democracy”). The purpose of the draft? To construct an EU army large enough to go toe-to-toe with Russia.
As I predicted in my article “World War III Is Now Inevitable – Here’s Why It Can’t Be Avoided”, published in April of 2024, the globalists in Europe are doing everything in their power to stop a peace plan from moving forward in Ukraine. They have been actively sabotaging the Trump Administration’s efforts for a summit which actually includes Russia instead of cutting them out of the process.
At the same time that a greater war is being fomented, there has been a relentless gnawing crusade to demoralize young white men. One could rightly say that this campaign also affects some minority men in places like the US, but let’s not play games – The primary target is without a doubt white western males.
Why? It’s hard to say for certain, but when patriots are called to action it’s usually white conservative men that answer. Minorities (third world migrants in particular) are far more inclined to lean into socialism and view western civilization as a structure to be torn down rather than protected.
This attitude is changing in some areas of South America, for example, but the fact remains that if you visit a developing nation, chances are high that free markets and individual liberty are not common societal values. It’s not racial profiling, it’s simply statistical fact.
In Europe, the current goal of the establishment is to crush the spirits of western men while protecting migrants as a precious commodity. In the UK, the narrative is focused like a laser on white conservative males as public enemy #1, while simultaneously demanding that these same men “prove their patriotism” by fighting for the elites against Russia.
I was watching a news broadcast from the BBC a few months ago in which a male journalist of military age tried to argue rational points on why men in Britain are reticent to go to war for the existing government. He noted that they do not believe that the leftist politicians in power represent them anymore and they feel they are being rapidly replaced by third worlders with hostile ideologies. Why would they fight for such a government?
A black female journalist involved in the discussion sneered at the man’s argument, then grinned as she asserted that nothing he says matters because he could be drafted whether he likes it or not. It was the evil grin of a communist – She knows she’s part of the protected class. She knows that he can be sent to die no matter how logical and reasonable his position, Meanwhile, she risks nothing in her support of continued war.
She was reveling in the idea of white conservative men being expendable. It’s the leftist dream, is it not? To turn their political opponents into beasts of burden and fuel for the fire of their Utopian fantasy. They don’t care about being correct, or moral; they just want to crush the life out of people who disagree with them.
Progressives in Europe have taken to social media asserting that conservative men should BE SENT FIRST to war; because they are better mentally suited to combat (because conservatives are violent monsters, remember?). They are also easy to sacrifice in the name of the grand progressive experiment. There is, of course, no talk of sending the millions of military age migrant men in Europe to the front lines in Ukraine.
“I would go even further and say that in the event of war with Russia native born citizens will be rounded up for conscription while most migrants are left behind to run the streets of London, Paris and Berlin. I believe the migrants are enforcers to keep any potentially defiant Europeans in line. Many empires and monarchs throughout history have used foreign mercenaries as muscle to prevent local rebellion. The politicians in the EU and UK are following a similar strategy…”
I’ve identified at least three separate propaganda narratives and political agendas that are working in tandem as a weapon against western men. These mechanisms are highly coordinated across social media, with mainstream news platforms, politicians and influencers repeating the same talking points as if they all received the same script.
Lazy, Apathetic, Angry And Dangerous To Society
Social media is rife with this disinformation claim – Often perpetuated by female influencers, they assert that young men are no longer engaging with modern women and the liberal order because they are “porn addicted”, lack motivation and have no direction. They say that young males have abandoned society and that this makes them volatile and prone to unpredictable violence.
Nothing could be further from the truth. Young men are simply building their own separate society which preserves western values and protects their heritage from the ravages of deconstructionists. Feminists and establishment shills are worried about men walking away because then they can’t exploit those men for their labor and resources anymore. By extension, when men separate from the liberal herd, they have greater independence and a greater potential to rebel.
I would argue that the “incel” narrative widely promoted in the past decade by the political left has nothing to do with sincere concerns about the mental health of young men. Rather, it’s all about controlling those men before they go rogue against the establishment.
Using Economic Hardship And War To Weed Out The Strong
In George Orwell’s novel “Animal Farm”, the communist Pigs seek to dominate the other animals by keeping them busy with arduous (but empty) acts of labor. They use this aimless labor to break the backs of the strongest animals on the farm. The horse named “Boxer” is a true believer in the common good of the collective, but the Pigs see his strength as a potential threat to their long term rule.
They exploit Boxer’s patriotism and ultimately work him to death. They then sell his body to a slaughterhouse despite his faithful service to the farm.
If you are a young man and a patriot in the west and primarily in Europe, YOU are Boxer the horse. They will send you off to slaughter in the name of the collective because you represent potential opposition. They will use economic decline as a means to pressure you into conformity, or leave you no other option but to join the military. They will then celebrate your death, because they nullified your strength without ever having to fight you directly.
Young Men, The Warrior Class And The Weak Elites
Another story I’m often reminded of when contemplating the plight of young men is “The 47 Ronin”. The basic theme is one of justice vs. law and government corruption. When the benevolent lord of a samurai fiefdom is assassinated by another lord, his soldiers call for justice. However, the government intervenes and disrupts any investigation into the murder.
They know the opposing lord is a criminal, but he is also an elite valuable to the power structure. He is one of them, and to punish their own is to bring the entire feudal system into question in the eyes of the nation. They allow him to escape consequences for the sake of the “greater good.”
The samurai, though, do not share in this “enlightened” vision of gray morality. They see everything as black and white; honorable and dishonorable. They make a plan to kill the enemy lord who murdered their master.
I find this story to be the most profound when it comes to explaining the way in which men are treated by modern liberal society, specifically white men in the west. At the end of The 47 Ronin, the samurai succeed in killing the corrupt lord, but they are then required to commit mass suicide or face dishonorable execution as criminals.
They are warriors that have gone rogue; they have exited the societal reservation. They have become the most dangerous thing in existence: Honest men willing to act outside the law. And so, they must die for the sake of the status quo.
What I see going on today is a perverse agenda to control western men and keep them subservient. The agenda stifles the next generation, through nihilist propaganda, through the apathy of the political circus, and by conditioning those men to see themselves as a dispensable utility. If the system can’t control these men, it will try to kill them by creating a war big enough to thin their ranks by attrition.
The elites view the warrior class as the ultimate danger, and young western men represent the best chance of a renewed warrior class. If these men ever realize their true power, the weakling elites would be wiped off the face of the Earth within moments. I hear the argument often that this kind of rebellion is meaningless without a detailed plan to rebuild. This is another means of control – Demand a perfect solution before action is ever taken so that nothing ever gets done.
Warriors understand that reformation only comes from the will to take action; the will to create momentum. They understand that civil discourse has its place, but if all it does is maintain the status quo then it must be abandoned. Warriors understand that the worst thing one can do is debate the obvious while the world burns.
Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.
MARK CRISPIN MILLER
DR PAUL ALEXANDER
NEWSWIZE
MICHAEL EVERY/OR OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL\
NATURAL GAS:
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
VENEZUELA/USA
CANADA
Canada Is Building The Wrong Army For The War That Is Coming
The next major land war will not reward elegance, boutique modernization, or the comforting belief that advanced technology can replace mass and endurance. It will expose armies built on fragile assumptions. Concealment has largely disappeared. Attrition has returned as a central fact of combat. Sustainment shapes outcomes as decisively as firepower. Yet the Canadian Army remains organized, equipped, and intellectually anchored to a vision of warfare that belonged to yesterday’s world. The problem is not a simple modernization lag or a lack of new kit. It is a deeper conceptual failure—a refusal to absorb how radically and irreversibly the character of land warfare has changed.
That is the larger point. The key change is not this or that technology. The battlespace itself has changed. Artificial intelligence, proliferated drones, commercial satellites, autonomous strike systems, and persistent ISR have combined into a transparent, data-rich battlespace where everyone is on the move, movement is tracked instantly, concentrations are targeted rapidly, and supply lines are targeted as soon as they begin to form—an environment already documented in assessments of modern conflict. An army that cannot scatter, regenerate while under fire, and sustain itself while under persistent observation is not going to muddle through. It is going to break.
Transparency and the End of Concealment
Western armies have operated on the assumptions of concealment and intermittent detection for a generation. Those assumptions are no longer valid. The contemporary battlespace is full of aerial surveillance, open-source commercial satellite imagery, digital emissions that reveal every vehicle and headquarters location, and loitering munitions that make ground above those locations perpetually contested—patterns captured in recent operational analyses.
The issue is time: the time between being discovered and being targeted. The time between when a headquarters can command and when it becomes a targeting point. The time between declaring a movement and becoming a target.
Survival requires dispersion, deception, mobility, and an entire operating paradigm built on the idea that you are observed all the time. The Canadian Army knows about the emergence of drones, ISR, and digital exposure, but it has not yet internalized the ways that they change land warfare’s fundamentals.
Attrition Has Returned—and Canada Is Not Ready
Precision fires promised surgical, inexpensive war. In reality, they have intensified attrition: the ability to strike targets more often, more reliably, and more predictably. Ukraine has demonstrated the scale of this shift: modern war is industrial, not surgical. It consumes people, equipment, ammunition, drones, and spare parts at rates far beyond what most Western forces planned for in peacetime, as shown by studies of wartime industrial demand.
The Canadian Army is not designed for this reality. It is small and brittle. It is optimized for controlled, expeditionary contributions, not for open-ended, high-intensity conflict. Ammunition stocks are low. Maintenance capacity is thin. Replacement cycles are slow. Mobilization—across industry, reserve forces, and training pipelines—is largely theoretical, even as official modernization documents highlight the fragility of the current model.
You can have a small and lethal army if it is small and lethal through design and deliberate choice. You cannot have a small, hollow, and unprepared army if it has to fight for extended periods. In an attritional war, those features are decisive.
Sustainment as a Front-Line Fight
The rise of long-range strike, drones, and cyber means that the old rear area is no more. Supply lines are now a front-line fight from start to finish. Supply depots, railheads, ports, repair facilities, and fuel infrastructure are all high-priority targets. If an enemy cannot stop forward brigades, it will attempt to starve them. Analyses of modern logistics under fire emphasize that industrial capacity and resilient supply networks—not efficiency—determine strategic endurance.
An army for the future must be able to fight under conditions of intermittent resupply, contested and damaged infrastructure, disrupted and overloaded communications, and near-constant threats to supply lines. Planning and organization must prioritize resilience, redundancy, and regeneration rather than peacetime efficiency and timeliness.
The Canadian Army still plans as if reliable resupply were a given and rear areas could stay intact. The moment a capable adversary enters the fight, those assumptions are shattered.
Dispersion, Autonomy, and Command Under Fire
Land warfare favors armies that can fight dispersed but connected, decentralized but coordinated. Small units must be able to operate at will even when isolated or cut off. Junior leaders must be able to act without micromanagement. Commanders must know their communications will be lost and they must be able to exercise control while that loss is happening. Contemporary doctrinal analysis underscores exactly this requirement for decentralized command in contested environments.
This is a question of more than new radios or drones. It is also a cultural issue. The instinct for centralization, risk aversion, and procedural control stems from the experience of peacekeeping and counterinsurgency missions, not from the needs of a high-tech, fully contested battlespace.
The institutional habits and instincts of the Canadian Army are still oriented to a previous world. It is those habits that will be unprepared when the next world comes.
The Arctic and Continental Reality
Canada’s geography adds to the problem. The Arctic is no longer a distant, largely theoretical frontier. It is now a theatre of competition defined by opposing surveillance architectures, long-range strike systems, and critical infrastructure vulnerabilities—conditions mapped in recent assessments of Arctic security. Continental defense is no longer just about aerospace warning. It is also about protecting energy networks, ports, radar sites, satellite uplinks, and the digital infrastructure that underpins modern life, as reflected in NATO’s forward defense posture.
A land force built for small contributions overseas cannot do all that. Canada needs an army that is also oriented toward persistent continental defense, NATO high-intensity operations, and hybrid resiliency. Canada does not have that. Instead, it has something far smaller and far less capable—an assessment echoed in recent readiness evaluations.
Radical Redesign, Not Cautious Incrementalism
Add drones, experiment with AI tools, rewrite doctrine. It is the typical Ottawa response to a problem of this nature. It is also not remotely enough. This is a structural problem, not a superficial one. Canada faces a conceptual failure, not a cosmetic one. A conceptual failure cannot be solved by bolt-on solutions.
What is needed is redesign. Force structure, reserves, sustainment, mobilization, training, and even strategic purpose must be rethought. This means jettisoning some assumptions that have been bedrock in Canadian defence since the Kosovo and Afghanistan era. It also means facing political realities about cost, scale, and what it is to be a responsible nation in this new moment. Emerging analysis of “hiding vs. finding,” sensor-shooter compression, and mass-versus-quality dynamics illustrates how unforgiving the next battlespace will be.
Optimism that everything is fine is a costly illusion. The faster you are wrong, the greater the cost.
The Cost of Illusion
The transformation of land warfare is happening before our eyes, under real fire. Armies that adapt late lose deterrence, relevancy, and influence. Canada does not need the biggest army in NATO. It needs an army designed for the realities of transparent, attritional, technologically saturated land warfare where endurance—not elegance—is the definition of combat power, themes reinforced in the latest assessments of the future competitive security environment.
Steel will matter. Silicon will matter. But none of it will matter until Canada has rethought how it prepares for land war – and makes the necessary changes. Waiting until events force that remaking is asking for a much harder reckoning in far worse circumstances down the road.
Andrew Latham, Ph.D., a tenured professor at Macalester College in Saint Paul, Minnesota. He is also a Senior Washington Fellow with the Institute for Peace and Diplomacy in Ottawa and a non-resident fellow with Defense Priorities, a think tank in Washington, D.C.
END
NIGERIA/USA
Trump orders strike on ISIS in Nigeria, wishes ‘Merry Christmas to the dead terrorists’
The United States Africa Command stated that the strike in Soboto was conducted “at the request of Nigerian authorities” and killed multiple terrorists.
US President Donald Trump makes an announcement about the Navy’s “Golden Fleet”, as Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth listen, at Mar-a-lago in Palm Beach, Florida, US, December 22, 2025.(photo credit: REUTERS/Jessica Koscielniak)ByGOLDIE KATZDECEMBER 26, 2025 01:23Updated: DECEMBER 26, 2025 01:58
The United States Africa Command (AFRICOM) launched a strike against Islamic State terrorists in Nigeria, US President Donald Trump announced on social media early on Friday.
AFRICOM stated that the strike in Soboto was conducted “at the request of Nigerian authorities” and killed multiple terrorists.
The strike was ordered due to recent Islamic State attacks on Nigerian Christians.
“The Department of War executed numerous perfect strikes, as only the United States is capable of doing,” Trump said, adding that he wishes a “MERRY CHRISTMAS to all, including the dead Terrorists, of which there will be many more if their slaughter of Christians continues.”
In early November, Nigeria said it was open to US help in combating the rise of violent Islamic State terrorism.
“We welcome US assistance as long as it recognizes our territorial integrity,” Daniel Bwala, an adviser to Nigerian President Bola Tinubu, told Reuters, adding that were the Nigerian and US presidents to meet, “there would be better outcomes in our joint resolve to fight terrorism.”
Reuters contributed to this report.
This is a developing story.
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The Treasury Department has announced a wide-scale enforcement operation targeting more than 100 money services businesses operating along the U.S.–Mexico border, as part of the Trump administration’s campaign to disrupt cartel money laundering through America’s financial system.
The operation, announced on Dec. 22 by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), focuses on examining money services businesses, or MSBs, operating along the southwest border for potential noncompliance with rules meant to detect money laundering and disrupt illicit finance.
It’s part of the Trump administration’s ongoing efforts to combat cartels and other transnational criminal networks whose actions harm U.S. communities and threaten national security.
“At President Trump’s direction, the Treasury Department is utilizing all tools to stop terrorist cartels, drug traffickers, and human smugglers,” Treasury Secretary Scott Bessent said in a statement.
“This sweeping operation will help root out potential cartel-related money laundering from the U.S. financial system.”
Money services businesses include non-bank financial providers such as currency exchanges, check-cashing firms, and money transmitters.
Treasury officials say those businesses face heightened exposure to illicit finance in border regions, where drug traffickers and smuggling networks seek to move proceeds in small, structured transactions designed to avoid detection.
The new data-driven operation—described by FinCEN as the “first-of-its kind”—was made possible by Treasury’s modernization efforts, including the use of advanced technology to transform fragmented financial information into investigative leads to fight financial crimes more effectively.
The agency said the operation is based on the analysis of more than 1 million currency transaction reports and roughly 87,000 suspicious activity reports submitted by financial institutions.
Using high-performance data processing, the agency is identifying potential compliance failures under the Bank Secrecy Act that could warrant civil penalties, injunctive actions, warning letters, or criminal referrals, it said.
The operation has already produced six notices of investigation, dozens of examination referrals to the IRS, and more than 50 compliance outreach letters, according to the agency.
The move marks an escalation in targeted enforcement of rules meant to combat financial crime, with FinCEN saying that advanced analytics are able generate “reliable decision-grade leads at scale” for regulators and law enforcement to act on.
The Trump administration has increasingly tied financial enforcement to national security, following President Donald Trump’s decision earlier this year to designate several major Mexico-based drug cartels as foreign terrorist organizations. That designation expanded the government’s authority to freeze assets and pursue sanctions linked to cartel financing.
The latest enforcement sweep builds on a series of geographic targeting orders (GTO) issued earlier this year that lowered cash-transaction reporting thresholds for money service businesses in certain border areas.
In March, FinCEN imposed a temporary order requiring money service businesses in 30 ZIP codes in California and Texas to report cash transactions as small as $200, down from the long-standing $10,000 threshold under the Bank Secrecy Act. That move triggered lawsuits from border-area businesses, which argued the requirement was arbitrary, burdensome, and harmful to legitimate commerce.
In June, a federal judge in Texas granted a temporary restraining order shielding two El Paso-area businesses from enforcement, citing the rule’s geographic design and disproportionate compliance burden.
“The administrative record reflects that the government either failed to consider or offered an unsubstantiated conclusion on at least two important aspects of the problem: (1) there are simple measures that cartel members can take to render the Border GTO completely toothless, and (2) innocent businesses can be profoundly disadvantaged if they are located on the ‘wrong’ side of an El Paso street,” U.S. District Judge Leon Schydlower wrote in a June 24 ruling granting an injunction, which applied only to the plaintiffs and did not halt the policy nationwide.
The Trump administration later allowed the $200 threshold order to expire and replaced it with a modified GTO that raised the reporting floor to $1,000, expanded coverage to parts of Arizona, and extended filing deadlines to ease compliance pressures. That revised order remains in effect through March 2026.
“FinCEN is now issuing a new GTO to target illicit transactions, while mitigating burden on legitimate businesses,” the agency said on Sept. 8, adding that the reissued GTO “will continue to ensure law enforcement can deny individuals and entities associated with these groups access to the U.S. financial system.”
Some civil-liberties advocates and free-market groups have taken a dim view of what they describe as expanded warrantless financial surveillance introduced by the new rules.
“This takes a financial surveillance system that is already enormous and intrusive and burdensome, and it expands that system enormously,” Rob Johnson, senior attorney at the Institute for Justice, told The Epoch Times in an earlier interview.
Nicholas Anthony, a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives, said in a note that the $10,000 threshold for currency transaction reports is long overdue for reform. But he argued that it should be raised—not lowered—to account for inflation.
“Yet, instead, we are seeing a drastic increase in financial surveillance, making the problem even worse,” Anthony wrote.
“Whether it’s the mob or the cartel, organized crime is not an easy thing to deal with.
“However, this challenge does not mean Americans should have their rights stripped away in the pursuit of justice.”
The Treasury did not respond to an earlier request for comment on criticism of the GTO and its lowered reporting threshold. However, in response to one of the lawsuits, government attorneys argued that business-compliance-burden claims were “exaggerated” and that the rule is justified because money service businesses along the southwest border are “particularly vulnerable” to cartel-linked money-laundering abuses.
Kevin Stocklin contributed to this report.
end
Nividia buys Grok
(zerohedge)
Largest Acquisition In Nvidia History: Jensen Pays $20BN For AI Chip Startup In Bid For Google’s TPU Tech
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Thursday, Dec 25, 2025 – 02:54 PM
Just before the market close on Friday, Nvidia unveiled its largest ever acquisition (which however was structured as a licensing deal to avoid anti-trust concerns) when it agreed to buy Groq – pardon license all of Grok’s assets and acquire its entire executive team – a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash. In reality what the deal is really about is Grok’s TPU expertise, and specifically the knowledge inside CEO Jonathan Ross’ head, who helped launch Google’s TPU, the search giant’s custom Application-Specific Integrated Circuit.
The news was first reported by CNBC, citing Alex Davis, CEO of Disruptive, which led the startup’s latest financing round in September. Davis, whose firm has invested more than half a billion dollars in Groq since the company was founded in 2016, said the deal came together quickly (that part is true: the deal likely came together in the days following the recent dramatic ascent of Google’s Gemini and TPU architecture, not to mention stock price, as explained below).
Groq raised $750 million at a valuation of about $6.9 billion in September. Investors in the round included Blackrock and Neuberger Berman, as well as Samsung, Cisco, Altimeter and 1789 Capital (where Donald Trump Jr. is a partner). Groq said at the time it would use the funds to expand its data center capacity. Instead, the participating funds are about to 3x their money in 3 months, an unprecedented venture return, thanks to Nvidia’s massive cash hoard.
Groq said in a blog post on Wednesday that it’s “entered into a non-exclusive licensing agreement with Nvidia for Groq’s inference technology,” without disclosing a price. Clearly, however, this is much more than just a licensing agreement since Groq founder and CEO Jonathan Ross along with Sunny Madra, the company’s president, and other senior leaders “will join Nvidia to help advance and scale the licensed technology,” the post said.
As Bloomberg explains, sharing a slightly different perspective on how the deal is structured or rather wants to be structured, the world’s largest publicly traded company paid for the right to use Groq’s technology and will integrate its chip design into future products. Some of the startup’s executives are leaving to join Nvidia to help with that effort, the companies said.
Groq will continue as an independent company with a new chief executive, existing finance chief Simon Edwards as CEO, it said Wednesday in a post on its website, which of course it will only pretend to be for regulatory and anti-trust reasons: Nvidia will have stripped all the good stuff, i.e., the TPU IP. It’s data center business, which offers outsourced computing, will continue, the company said in the post.
Davis told CNBC that Nvidia is getting all of Groq’s assets, though its nascent Groq cloud business is not part of the transaction. Groq said “GroqCloud will continue to operate without interruption.”
The deal represents by far Nvidia’s largest purchase ever. The chipmaker’s biggest acquisition to date came in 2019, when it bought Israeli chip designer Mellanox for close to $7 billion. At the end of October, Nvidia had $60.6 billion in cash and short-term investments, up from $13.3 billion in early 2023.
In an email to employees that was obtained by CNBC, Nvidia CEO Jensen Huang said the agreement will expand Nvidia’s capabilities.
“We plan to integrate Groq’s low-latency processors into the NVIDIA AI factory architecture, extending the platform to serve an even broader range of AI inference and real-time workloads,” Huang wrote, revealing the deal rationale.
Groq has been targeting revenue of $500 million this year amid booming demand for AI accelerator chips used in speeding up the process for large language models to complete inference-related tasks. The company was not pursuing a sale when it was approached by Nvidia, Davis said. While it is unclear what is the actual LTM revenue, the acquisition represents a 40x multiple of its “targeted” sales… so do the math.
So what is the reason for the deal? Well, as we explained in “The Google TPU: The Chip Made For The AI Inference Era“, in recent months Nvidia and its GPU architecture has lost momentum to Google and its TPU, which as noted above, is the “chip made for the inference era.” And so, instead of developing its own Tensor architecture, Nvidia decided to just buy it. Or rather, it pretends not to buy it as regulators may just kill the deal, which instead was structured as an asset-purchase/licensing deal.
And the punchline: Groq was founded in 2016 by a group of former engineers, including CEO Ross. Ross is a former Google chip executive who helped start that company’s Tensor Processing Unit, or TPU, the search giant’s custom chip that’s being used by some companies as an alternative to Nvidia’s graphics processing units. As part of the deal, he and other top executives will join Nvidia “to help advance and scale the licensed technology,” Groq said in the statement.
In its initial filing with the SEC, announcing a $10.3 million fundraising in late 2016, Groq listed as principals Ross and Douglas Wightman, an entrepreneur and former engineer at the Google X “moonshot factory.” Wightman left Groq in 2019, according to his LinkedIn profile.
Huang added that, “While we are adding talented employees to our ranks and licensing Groq’s IP, we are not acquiring Groq as a company.” Narrator: you are.
Nvidia has ramped up its investments in chip startups and the broader ecosystem as its cash pile has mounted. The company has backed AI and energy infrastructure company Crusoe, AI model developer Cohere, and boosted its investment in CoreWeave as the AI-centric cloud provider was getting ready to go public this year.
In September, Nvidia said it intended to invest up to $100 billion in OpenAI, with the startup committed to deploying at least 10 gigawatts of Nvidia products. The companies have yet to announce a formal deal. That same month, Nvidia said it would invest $5 billion in Intel as part of a partnership.
Nvidia has been making investments in companies across the AI infrastructure ecosystem and is trying to keep a large lead in the market for inference — running models once they have been developed. The company’s leadership has already pledged billions to a wide variety of projects that it believes will further the overall AI industry. Nvidia agreed to invest as much as $100 billion in OpenAI and has even bought a stake in erstwhile nemesis Intel Corp.
By incorporating a new type of design into what it sells, Nvidia is showing willingness to be flexible and add novel capabilities. That approach is likely aimed at keeping its biggest customers and new adopters focused on its technology at a time when in-house efforts from Google, Microsoft Corp. and Amazon.com Inc. are gaining momentum as the industry rushes to install as much computing capacity as quickly as it can.
With today’s purchase, pardon, “licensing deal”, Nvidia has formally lobbed its response to Google’s recent ascent with its Ironwood TPU and Gemini AI, which saw a dramatic divergence in the Google vs Nvidia ecosystems (chart below). The question now is will Google issue its own “code red” and pull every string in its power to kill the deal, or will it respond even more forcefully. One thing is certain: if Nvidia has now successfully caught up to Google and its TPU technology, the alligator jaws of the Google vs OpenAI/Nvidia chart are about to slam shut.
@michaeljmcnair: Why has the US assembled the largest naval force in the Caribbean since 1962? It’s not about drugs. It’s not about oil. The real explanation involves a new technology that could cripple half of American trade. I lay out the case in my latest report.
The Venezuelan Drone Crisis The Maduro regime has deep and quiet ties to Moscow dating back to Cold War networks in Latin America…This does not require Russian submarines… a locally operated capability, enabled by foreign technology, advisors, and financing, that Venezuela can run under its own flag. That model fits Moscow’s incentives. It preserves deniability.And it explains why the administration would keep the public story focused on narcotics while quietly building options for something larger… Russia working through the Maduro regime and cartel infrastructure to create leverage against Washington…Our entire globalized trading system rests on a basic assumption that goods can move freely across the world’s oceans…Autonomous underwater vehicles change that calculus… A dozen of these “mobile autonomous minefields” positioned in the Florida Straits and the Yucatán Channel could cut off access to the Gulf… Venezuela can also operate these systems under its own flag. Foreign sponsors provide the technology, training, and payloads… Moscow would be doing in the Caribbean what Washington has done in Ukraine: arming a proxy and maintaining just enough distance to complicate escalation…China provides the financial and logistical backstop that makes all of this sustainable… The logic of the partnership also points toward UUVs. Russia, Iran, and China have already transferred drones, anti-ship missiles, electronic warfare systems, and strategic naval platforms to Venezuela… The administration appears to have concluded that it cannot tolerate a hostile, foreign-enabled maritime denial capability taking root near U.S. approaches…. Venezuela and autonomous underwater vehicles may be to the second Cold War what Cuba and ballistic missiles were to the first. https://medium.com/@mcnai002/the-venezuelan-drone-crisis-313dad18497d
The above story not only might explain the US’s largest naval buildup in the Caribbean since the 1962 Cuban Missile Crisis, but it also might account for the recent surge in precious metals.
The Great Liquidation: What the 1914 Crisis Reveals about Foreign Selling of U.S. Assets When Britain declared war on Germany on August 4, 1914, it triggered a financial panic across European markets that quickly spread to the United States. European investors, led by the British, urgently sold over $3 billion in American securities to convert assets into gold. This sudden sell-off created extraordinary pressure on US financial markets… With no central bank to stabilize markets, Treasury Secretary William G. McAdoo had to act decisively to prevent a complete financial collapse. On July 31, 1914, the New York Stock Exchange was closed to halt the foreign liquidation of securities, and on August 3, McAdoo announced that the Treasury would implement emergency measures under the Aldrich-Vreeland Act of 1908… Under this authority, the Treasury allowed banks to issue emergency currency backed by a wider range of collateral than normally permitted… The emergency currency program was quickly expanded through an amendment passed by Congress on August 4, 1914, which lowered the interest rate charged on emergency currency to just 3% for the first three months (compared to market rates of 6% or higher). This provided banks with affordable access to liquidity during the crisis… The Dow Jones Industrial Average plunged 34% from July 1914 to its December low, when the exchange finally reopened after a four-month closure… But then something unexpected happened. Instead of wallowing in a prolonged slump without European capital, US stocks surged. The Dow doubled over the next two years, closing 1916 at a level 36% higher than before the crisis began. This bull market emerged not despite the absence of foreign capital, but partly because of it… https://medium.com/@mcnai002/the-great-liquidation-what-the-1914-crisis-reveals-about-foreign-selling-of-u-s-assets-c1587caf9ed8
Based on the above story logic, foreign selling of US bonds induces the Fed and/or US Treasury to do some sort of QE/debt monetization, which propels stocks and commodities higher.
If Trump asks Congress to declare war on Venezuela over its Russia/China underwater drones, what will Dems do? If Congress does declare war, Trump could then take actions that are only legal under war and are inimical to the Cult of Dems’ policies and desires.
@DonMiami3: We are entering Powell’s Valhalla stage – where the peasants who don’t own assets are completely decimated & a permanent renter slave class is created while the top 5% own everything and party on 24/7 making millions with… unlimited stock market returns. The Fed broke America.
ESHs vacillated between modest and small losses from the Nikkei opening on Wednesday until aggressive buying on the NYSE opening appeared. ESHs soared to 6988.00 (+27.00) at 12:32 ET. ESHs then slid to 6979.25 at the 13:00 ET NYSE close. The session low was 6952.50 (-8.50) at 0:21 ET.
@Sino_Market: China’s most active platinum futures surges over 6% intraday (Thursday) China Silver Fund Plunges After String of Moves to Quell Frenzy China’s only pure-play silver fund fell by its 10% daily limit on Thursday, ending a speculative surge that had drawn repeated warnings from its manager… https://t.co/Cqe5NeqnNN
Japan’s super-long bonds rise after news on issuance cut The 30-year JGB yield fell as low as 3.38% from a record high 3.45% marked in the previous session. The yield was last down 3 basis points to 3.395%. Yields move inversely to bond prices. Japan will likely reduce new issuance of super-long government bonds next fiscal year, Reuters reported on Wednesday, easing worries of oversupply of those bonds. Super-long bond yields hit record highs in recent sessions over concerns about the size of Prime Minister Sanae Takaichi’s debt-funded stimulus. The 20-year JGB yield fell as low as 2.94% and was last down 2 bps at 2.965%. On the other hand, the two-year JGB yield changed course to rise 1 bp to 1.11% after an auction of the bond with the same maturity received weak demand… https://t.co/eIhCkFwA8E
BBG: Bank of Japan Governor Kazuo Ueda signaled further interest hikes are likely next year, by projecting rising confidence the central bank is closer to its price targethttps://t.co/klNkOf2uHv
Asian Markets on Thursday Nikkei +0.13%, Hang Seng +0.17%, CSI 300 +0.16%, Shanghai Comp +0.47%, Shenzhen Comp +0.63%
@zerohedge: In the greatest century for technological advancement in the history of humanity, the world’s best performing stock market has been outperformed by a mineral (AU) …. three-fold. https://x.com/zerohedge/status/2004294679098249679
Positive aspects of previous session Stocks rallied moderately; the S&P 500 made a record print high and record close. USHs were +16/32 at the 13:00 ET European close.
Negative aspects of previous session Gold (4525.77) and silver (72.70) hit record highs. Oil and gasoline rallied modestly Fangs were relatively soft all session.
Ambiguous aspects of previous session The Fed’s new T-Bill QE has injected $30B into the system so far. What will be the consequences?
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]: 6924.76 Previous session S&P 500 Index High/Low: 6937.32; 6904.91
@ekwufinance: China just changed the game; it can produce hypersonic missiles for ~$100K each. – US equivalents cost $15-40 million – The US has no effective defense system against hypersonics – A single US air-defense missile costs $4-40 million Now imagine China selling these systems to allies. The cost curve alone would shift global power. The US is a declining empire: high costs, slow production, and an inability to compete with adversaries in key strategic domains. And history is clear: when empires lose their economic edge, https://x.com/ekwufinance/status/2004281297674387684
@kakashiii111: So, what we have so far: – CNBC with exclusive catalyst on Nvidia acquiring Groq for $20B. – Groq denies it, calling it an “Enter Non-Exclusive Inference Technology Licensing Agreement.” – Silence from Nvidia… a little weird for Jensen, who had a great video with his long-time (enemy) friend, Dario on Nvidia’s investment in Anthropic. – Analysts say, “This is common now with startups. Meta and Google did similar deals. Won’t be an issue regulatory-wise.” Many practices have become “common now.”
Trump on Christmas Night: “Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria, who have been targeting and viciously killing, primarily, innocent Christians, at levels not seen for many years, and even Centuries! I have previously warned these terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was. The Department of War executed numerous perfect strikes… Under my leadership, our Country will not allow Radical Islamic Terrorism to prosper. May God Bless our Military, and MERRY CHRISTMAS to all, including the dead terrorists, of which there will be many more if their slaughter of Christians continues.”
Ukraine delivers humiliating Christmas Day blow to Putin by recapturing key city (Kupyansk, a vital railroad hub…) https://trib.al/5PmE63Q
Today – Absenteeism will be exceedingly high; a determined few can easily manipulate stuff. Most of the known universe is over-the-top jiggy for stocks; and the Santa Rally window is wide open.
ESHs are +5.00; NQHs are 19.50; Feb AU is +36.90, Spot SI is 73.92; and USHs are -6/32 at 19:50 ET.
S&P Index 50-day MA: 6785; 100-day MA: 6665; 150-day MA: 6490; 200-day MA: 6261 DJIA 50-day MA: 47,377; 100-day MA: 46,490; 150-day MA: 45,488; 200-day MA: 44,369 (Green is positive slope; Red is negative slope)
S&P 500 Index (6932.05 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5799.20 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 6420.50 triggers a sell signal Daily: Trender and MACD are positive – a close below 6805.61 triggers a sell signal Hourly: Trender and MACD are positive – a close below 6915.91 triggers a sell signal
@Libs_OfChicago: Despite what many claim, General George Washington did not cross the Delaware on Christmas Eve, he did it on Christmas night! Americans, we used to be willing to kill you in your sleep on Christmas because of a 3% tax on tea. Fast forward 249 years & we accept 40% of our wages stolen by the government, how far we have fallen.
@ElectionWiz: Afghan migrants are receiving letters ORDERING them to REPORT to ICE offices on Christmas and New Year’s Day. AfghanEvac, an immigration advocacy group, says the letters are harsh and are ruining Christmas for migrants. (When did Afghani Muslims start celebrating Christmas?)
@TheJusticeDept: The US Attorney for the Southern District of New York and the FBI have informed the Department of Justice that they have uncovered over a million more documents potentially related to the Jeffrey Epstein case. The DOJ has received these documents from SDNY and the FBI to review them for release, in compliance with the Epstein Files Transparency Act, existing statutes, and judicial orders. We have lawyers working around the clock to review and make the legally required redactions to protect victims, and we will release the documents as soon as possible. Due to the mass volume of material, this process may take a few more weeks. The Department will continue to fully comply with federal law and President Trump’s direction to release the files.
@mrddmia: This is one of the most lawless and dangerous orders yet. Biden DC U.S. District Judge Amir Hatem Mahdy Ali, the first Muslim and Arab DC judge, ordered the President’s aides to ignore his executive order revoking a security clearance. Judge Ali, who is still a foreign citizen, previously ordered the President could do not perform a national-security review of $2 billion in foreign aid.
@MassDailyNews: Mayor Wu sent a strong message to Trump and praised the Somalian community saying “you cannot talk about any achievement the City of Boston has had” without mentioning Somalianshttps://t.co/IAPz5cU3zk
@WallStreetMav: Fun Fact: Muslims don’t pray in the streets of Iran or Saudi Arabia or other Muslim countries. It is illegal and considered rude because it disturbs others. They only pray in the streets of countries they are conquering, as a dominance strategy. https://x.com/WallStreetMav/status/2002922296525434880
@RadioGenoa: While British police hunt down white Christian preachers to stop them from speaking on the streets, Muslims can do what they want. Elon Musk: “Civil war in Britain is inevitable. Just a question of when.” https://x.com/RadioGenoa/status/2002910235049316622
Before the Crisis of 2008, we recall a report in the UK media in which an imam ordered Islamists to migrate to the UK and other EU countries. He stated that when relocated, Islamists could receive welfare and eventually bankrupt the infidels, take over, and implement Sharia law.
@Rightanglenews: A 2020 video showing Georgia poll workers acting suspiciously while handing off a USB drive is going viral after it was confirmed that over 300,000 ballots were illegally certified without poll worker signatures in Fulton County. https://x.com/Rightanglenews/status/2003498112254652512
@TheSCIF: Here’s how DOMINION flipped and switched the 2020 PRESIDENTIAL ELECTION in middle of the night in Antrim County, Michigan, from Trump to Biden. The Error rate permissible is 1 out of 125,000 ballots. Dominion in Antrim County’s error rate was 8.3. That’s 750x the allowable limit. A Secretary of State official also told volunteers to count “multiple ballots with the very same signature” during an audit of votes in Antrim County. Since there were so many “errors” they claimed because of fake ballots, duplicate ballots running through machines, manually caught double signatures, and every other method of fraud committed during the 2020 election, ballots would then go to adjudication. Since the adjudication was programmed at an astronomically high, 750x rate, the ballot were switched in adjudication either by Dominion’s programmed machines to Biden itself, or someone manually adjudicating groups of ballots at the click of a button all at once for Biden, bypassing obvious fraud, or switching votes from Trump to Biden on site in adjudication manually… TThis was FRAUD. Remember, this is just ONE layer and method of fraud committed. There are multiple methods and techniques to alter elections… Adjudication is where a lot of the fraud took place, which is just one layer of the total fraud operation to flip votes and pass through fraudulent ballots when the machines fail to do so or were caught through an audit. – 68% of all ballots in Antrim County, Michigan – 94% of all ballots in Fulton County, Georgia… Many records were destroyed, physical evidence was never allowed to be looked at, including logs, chain of custody, you name it. Nothing was done or allowed to be done after the fraud in 2020…Now imagine the rest of the country… This is the election fraud cartel and their fraudulent methods to rigging and stealing elections worldwide because Dominion, Smartmatic, Miru Systems, etc. are all different branches of the same base company. https://x.com/TheSCIF/status/2004251102523408861
@Real_RobN: The President of the United States just signed an order revoking Chris Krebs’s security clearance and has directed @AGPamBondi to investigate him for his role in the overthrow of the U.S. government on November 3, 2020. Krebs was the head of CISA, who weaponized his position and conspired with the FBI and Big Tech to censor—truth, evidence, proof, and testimony about the 2020 election—and who designated November 3, 2020, as the most “secure election in American history.” Documents obtained by investigative journalist @yehuda_miller through the Freedom of Information Act (FOIA) reveal: A secret meeting organized on election day, November 3, 2020, by the Cybersecurity and Infrastructure Security Agency (CISA), involving Dominion officials and the FBI, to discuss the overthrow of the United States government with private companies and Democratic groups. https://x.com/Real_RobN/status/2004281913448742984
@EricLDaugh: STEPHEN MILLER: “Look how powerful the Democrat Party became in Minnesota once they flooded it with ~100,000 Somalians!” “Once the elections were decided by clan rivalries and ethnic feuds, once that happened, the Democrat Party became permanently powerful in Minnesota. They became permanently powerful in the Twin Cities.” “When you see the state of Somalia, that’s what they want for America. Because it’s easier to rule over an empire of ashes than it is for the Democratic Party to rule over a functioning, Western, high-trust society with a strong middle class.” “That’s their model for America, to make the whole country into a version of Somalia. And everything they do gets down to that.” https://t.co/zm381qVyro
@covid_clarity: An erratic (and loathsome lowlife) MN Gov. Walz spreads rumors and fear that ICE may target “midnight mass.” Hours later, the Archbishop issues a statement saying Walz’s rumors are false and unhelpful “fear-filled speculation.” ICE has taken no such actions. Full statement: https://www.archspm.org/statement-regarding-fears-of-immigration-enforcement-at-christmas-masses/
@OliLondonTV: King Charles Christmas message:“With the great diversity of our communities we can find the strength to ensure that right triumphs over wrong.”
@WallStreetMav: King Charles gives a ridiculous Christmas speech on “diversity is our strength”. Of course, he never has to live with the diversity behind his security and walls. He lives in a bubble. He does not represent Britain and refuses to defend the English. (When elites have to live with the crime and malbehavior that the masses must suffer and endure…)
@rawsalerts: Kenyan Man has Received Two Life Sentences for Plot to Hijack Commercial Plane and Crash It into Atlanta’s Tallest Building in a 9/11 style attack (in 2015). https://x.com/rawsalerts/status/2004305482861691323
harveyorganblog.com 
