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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: DECEMBER 2025 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,325.100000000 USD
INTENT DATE: 12/29/2025 DELIVERY DATE: 12/31/2025
FIRM ORG FIRM NAME ISSUED STOPPED
624 H BOFA SECURITIES 45
661 C JP MORGAN SECURITIES 10
686 C STONEX FINANCIAL INC 37
709 C BARCLAYS 6
905 C ADM 5 1
TOTAL: 52 52
MONTH TO DATE: 37,055
JPMORGAN STOPPED 0/52
GOLD: NUMBER OF NOTICES FILED FOR DEC/2025: 52 CONTRACTs NOTICES FOR 52,000 OZ or 0.1617 TONNES
total notices so far: 37,055 contracts for 3,705,500 OR 115.257 tonnes)
SILVER NOTICES:170 NOTICE(S) FILED FOR 850,000 OZ/
total number of notices filed so far this month : 12,946 CONTRACTS (NOTICES) for 64.730 million oz
INITIAL STANDING FOR DEC: 49.33 MILLION OZ FOLLOWED BY TODAY’S 835,000OZ QUEUE JUMP PLUS ..135 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 AND FINALLY TODAY;S 1.350 MILLION OZ EXCHANGE FOR RISK( NEW TOTAL EX. FOR RISK = 3.685 MILLION OZ)///STANDING ADVANCES TO 68.415 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: 45.690 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 835,000OZ QUEUE JUMP+ DEC. FIRST EXCHANGE FOR RISK 0F .850 MILLION OZ + LAST WEEK.S 495,000 OZ EXCHANGE FOR RISK AND THEN A 3RD ISSUANCE IF 1.00MILLION OZ THEN FINALLY DEC 249ISSUANCE OF 1.35 MILLION OZ EXCHANGE FOR RISK//NEW TOTAL EX FOR RIS IS 3.685 MILLION OZ // STANDING ADVANCES TO 68.415 MILLION OZ//
- MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
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 0.1337TONNE QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF: 37.0293 TONNES//NEW STANDING ADVANCES TO 115.390TONNES TO WHICH WE ADD OUR 4 EXCHANGE FOR RISK FOR DECEMBER OF 6.587 TONNES/NEW STANDING ADVANCES TO 121.977 TONNES
NEW STANDING FOR GOLD, DEC CONTRACT AT 121.977TONNES OF GOLD
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: 186.58 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 MEGA HUGE SIZED 1186 CONTRACTS OI TO 155,485 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 1257 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 1257 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 1185 CONTRACTS AND ADD TO THE 1257 E.FP. ISSUED
WE OBTAIN A TINY SIZED GAIN OF 72 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR HUGE LOSS OF $5.88 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 0.360 MILLION PAPER OZ
OCCURRED WITH OUR LOSS IN PRICE.OF $5.88
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENT
Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS
HANGHAI CLOSED DOWN 0.160 POINTS OR 0.00%
//Hang Seng CLOSED UP 219.37 PTS OR 0.98%
// Nikkei CLOSED DOWN 183.42 PTS OR 0.36%
//Australia’s all ordinaries CLOSED DOWN 0.29%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.9883
/ OFFSHORE CLOSED UP AT 6.9835/ Oil UP TO 58..39 dollars per barrel for WTI and BRENT UP TO 61.74Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING UP TO 6.9885 OFFSHORE YUAN TRADING UP TO 6.9835/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 TUESDAY MORNING.7:30 AM
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A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 12,874 CONTRACTS TO 479,786 OI WITH OURMEGA STRONG LOSS IN PRICE OF $190.70 WITH RESPECT TO MONDAY’S // TRADING/ //COMEX CLOSING TIME:… WE LOST CONSIDERABLE NET LONGS, WITH THAT PRICE LOSS FOR GOLD. AND AS YOU WILL SEE BELOW, OUR LOSS IN PRICE ALSO HAD A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (4055). WE HAD HUGE T.A.S. LIQUIDATION MONDAY (ALONG WITH MONTH END SPREADER LIQUIDATIONS CONTINUING MONDAY PLUS CONSIDERABLE REMOVALS). IT SEEMS THAT THE SPECULATORS WENT MASSIVELY HUGE TO THE LONG SIDE WITH OUR FRBNY PROVIDING STILL THE MASSIVE 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 479,786 AND NOW AMPLE ENOUGH FOR A RAID BY OUR BANKERS LIKE YESTERDAY
WE THUS HAD A TOTAL LOSS IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 8819 CONTRACTS (OR 27.43 TONNES). THEN WE WERE NOTIFIED AGAIN OF A MASSIVE 1118 CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS ISSUED FOR 111,800 OZ OR 3.477 TONNES OF GOLD. IN DECEMBER WE HAVE RECORDED 4 ISSUANCES OF EXCHANGE FOR RISK AS IT CAME LATE IN THIS MONTH. WE NOW HAVE 3 CHOICES 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 6.587 TONNES/4 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 6.587 TONNES AND THIS WILL BE ADDED TO OUR NORMAL DELIVERY TOTALS..
DETAILS ON OUR NEW DECEMBER COMEX CONTRACT MONTH//
IN TOTAL WE HAD A STRONG SIZED LOSS ON OUR TWO EXCHANGES OF 8819 CONTRACTS WITH OUR LOSS 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 2044 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 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 0.1337 TONNES OF QUEUE JUMP WHICH FOLLOWS ALL OTHER NET QUEUE JUMPING OF 37.093 TONNES//STANDING ADVANCES TO 115.257 TONNES TO WHICH WE ADD OUR FOUR ISSUANCES OF EXCHANGE FOR RISK OF 6.587 TONNES/NEW STANDING IS THUS: 121.977 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 STRONG SIZED EXCHANGE FOR PHYSICAL OF 4055 CONTRACTS.
THAT IS A STRONG SIZED 4855 EFP CONTRACT WAS ISSUED: : /FEB 4055 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4055 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 :
- HUGE LIQUIDATION OF OUR T.A.S. SPREADERS DURING THE COMEX SESSION + BUT DID HAVE CONSIDERABLE GOVERNMENT LIQUIDATION
- HUGE MONTH END SPREADERS !…
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 MONDAY NIGHT//TUESAY MORNING WAS A FAIR SIZED 2044 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 MONDAY’S HUGE LOSS IN PRICE IN GOLD WITH A CORRESPONDING STRONG LOSS OF COMEX OI AND A STRONG EXCHANGE FOR PHYSICAL ISSUANCE..ENOUGH FODDER FOR THE COMMENCEMENT OF OUR HUGE 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
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.
/STANDING ADVANCES TO 43.9716 TONNES OF GOLD.
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DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY IN THIS ACTIVE MONTH IS 83.813 TONNES FOLLOWED BY TODAY’S 0.1337 TONNES QUEUE JUMP. THIS FOLLOWS ALL OTHER QUEUE JUMPING: 37.093 TONNES//NEW STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR THREE EXCHANGE FOR RISK ISSUANCE OF 6.587 TONNES//NEW STANDING THUS INCREASES TO 121.977 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)
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
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COMEX GOLD TRADING BEGINNING DECEMBER,. CONTRACT;
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $190.70/ /)
WE HAD HUGE T.A.S. SPREADER LIQUIDATION FRIDAY WITH HUGE MONTH END SPREADER LIQUIDATION// COMEX SESSION// WITH OUR LOSS 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!!
MONDAY NIGHT//TUES 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 MONDAY EVENING/TUESDAY 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 43 CONTRACT QUEUE JUMP FOR 4300 OZ OR 0.1337 TONNES WHICH FOLLOWS OTHER DEC QUEUE JUMPS OF: 37.093 TONNES///STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR FOUR EXCHANGE FOR RISK ISSUANCE OF 6.587TONNES/NEW STANDING ADVANCES TO 121.977TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $190.70
WE HAD A SMALL 341 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE .
INITIAL GOLD COMEX
DEC 30
DEC CONTRACT MONTH
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 0 ENTRIES |
| Deposit to the Dealer Inventory in oz | 0- ENTRIES |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 1 ENTRIES i) Into Brinks 32,151.000 oz (1000 kilobars) total deposit: 32,151.000 oz xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 52 notice(s) 5200 OZ 0.1617 TONNES OF GOLD |
| No of oz to be served (notices) | 43 contracts 4300 OZ 0.1333 TONNES |
| Total monthly oz gold served (contracts) so far this month | 37,055 notices 3,705500 0z 115.390 TONNES |
| Total accumulative withdrawals of gold from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of gold from the Customer inventory this month |
dealer deposits: 0
xxxxxxxxxxxxxxxxxxxxx
DEPOSITS/CUSTOMER
DEPOSITS/CUSTOMER
1 ENTRIES
DEPOSITS/CUSTOMER
1 ENTRIES
i) Into Brinks 32,151.000 oz
(1000 kilobars)
total deposit: 32,151.000 oz
customer withdrawals:
0 entries
they are draining the comex of gold
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ADJUSTMENTs 0//
chaos inside the comex
AMOUNT OF GOLD STANDING FOR DECEMBER
THE FRONT MONTH OF DECEMBER STANDS AT 95 CONTRACTS FOR A LOSS OF 123 CONTRACTS. WE HAD 166 CONTRACTS FILED ON MONDAY SO WE GAINED A STRONG 43 CONTRACTS FOR A QUEUE JUMP OF 4300 OZ OR 0.1337TONNES TO WHICH WE ADD TO OUR PREVIOUS QUEUE JUMPS AND THEN ADD OUR FOUR ISSUANCES OF EXCHANGE FOR RISK FOR 6.587TONNES .THUS STANDING FOR GOLD IN DECEMBER INCREASES HUGELY TO 123.8436TONNES
JANUARY LOST ONLY 443 CONTRACTS DOWN TO 4075 AS JANUARY BECOMES THE FRONT MONTH. WE WILL PROBABLY HAS A STRONG SIZED 12 TONNES OF GOLD STANDING. SEEMS JANUARY REFUSES TO ROLL TO FUTURE MONTHS.
FEB LOST 13,243 CONTRACTS DOWN TO 336,353 CONTRACTS
We had 52 contracts filed for today representing 5200 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 10 notices issued from their client or customer account. The total of all issuance by all participants equate to 52 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 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 (37.055 ) to which we add the difference between the open interest for the front month of DEC ( 95 CONTRACTS) minus the number of notices served upon today (52 x 100 oz per contract) equals 3,709,800OZ OR 115.390onnes of gold + 6.587 TONNES of exchange for risk issuance: new total standing advances to 121.977 tonnes!!
thus the INITIAL standings for gold for the DEC contract month: No of notices filed so far (37,055 x 100 oz +we add the difference for front month of DEC (95 OI} minus the number of notices served upon today (52)x 100 oz) which equals 3,709,800 OR 115.390 TONNES + 6.587 tonnes exchange for risk//new total standing advances to 121.977 tonnes
new total of gold standing in DECEMBER is 121.977 tonnes
TOTAL COMEX GOLD STANDING FOR DEC ..: 121.977 TONNES TONNES WHICH IS STRONG FOR THIS NORMALLY VERY ACTIVE ACTIVE DELIVERY MONTH OF DECEMBER.
volume MONDAY confirmed 347,015 very strong/raid
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 1,991,397.103 oz 61.94 tonnes pledged gold lowers
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 36,255,525.054. oz
TOTAL REGISTERED GOLD 19,361,515.292 or 602.224 Tonnes
TOTAL OF ALL ELIGIBLE GOLD 16,894,009.702 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON 17,370,118oz ((REG GOLD- PLEDGED GOLD)=
540.38 Tonnes // (declining rapidly)
total inventories in gold declining rapidly
DEC 30 2025
INITIAL/
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 2 entries i) Asahai: 929,030.360.oz ii) Out of Delaware 1061.585 oz total withdrawal: 930,091.955 oz |
| Deposits to the Dealer Inventory | 1 ENTRY i) Into Brinks dealer 302,459.500 oz total dealer deposit: 302,459.500 oz |
| Deposits to the Customer Inventory | 2 ENTRIES i) Into Brinks customer: 296,128.659 oz ii) Into CNT 34,518.650 oz total deposit: 330,647.349 oz |
| No of oz served today (contracts) | 170 CONTRACT(S) ( 0.850 million OZ |
| No of oz to be served (notices) | 0 contracts (NIL oz) |
| Total monthly oz silver served (contracts) | 12,946 contracts ( or 64.730 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 Brinks dealer 302,459.500 oz
total dealer deposit: 302,459.500 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
DEPOSIT ENTRIES/CUSTOMER ACCOUNT
2 ENTRIES
i) Into Brinks customer: 296,128.659 oz
ii) Into CNT 34,518.650 oz
total deposit: 330,647.349 oz
withdrawals: customer side/eligible
2 entries
i) Asahai: 929,030.360.oz
ii) Out of Delaware 1061.585 oz
total withdrawal: 930,091.955 oz
adjustments: 1//dealer to customeer
Delaware 91,503.093 oz
total adjustments; nil oz
TOTAL REGISTERED SILVER: 127.835 MILLION OZ//.TOTAL REG + ELIGIBLE. 448.830Million 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: 170 OPEN INTEREST CONTRACTS FOR A GAIN OF 98 CONTRACTS. WE HAD 69 CONTRACTS FILED ON MONDAY SO WE ACTUALLY GAINED 167 CONTRACTS OR 835,000 OZ UNDERWENT A QUEUE JUMP AND WILL STAND FOR SILVER ON THIS SIDE OF THE POND.
JANUARY GAINED 36 CONTRACTS DOWN TO 4461 CONTRACTS AS JANUARY NOW BECOMES THE FRONT MONTH. WE WILL PROBABLY HAVE A VERY STRONG JANUARY DELIVERY MONTH FOR AROUND 22 MILLION OZ
FEB LOST 39 CONTRACTS UP TO 1501 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 170 or 0.850 MILLION oz
CONFIRMED volume; ON MONDAY 277,392 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 12,946 X5,000 oz = 64.730 MILLION oz
to which we add the difference between the open interest for the front month of DEC (170) AND the number of notices served upon today (170 )x (5000 oz)
Thus the standings for silver for the DECEMBER 2025 contract month: (12,746) Notices served so far) x 5000 oz + OI for the front month of DEC(170 minus number of notices served upon today (170)x 5000 oz equals silver standing for the DEC.contract month equating to 64.730 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 AND FINALLY A 4TH ISSUANCE FOR 1.350 MILLIONIZ//NEW TOTAL EXCHANGE FOR RISK; 3.685 MILLION OZ: THUS WE HAVE THE FOLLOWING:
NORMAL STANDING: 64.730 MILLION OZ
PLUS 3.685MILLION OZ EXCHANGE FOR RISK/4 OCCASIONS
New total standing: 68.415 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 127,835. million oz of registered silver
JPMorgan as a percentage of total silver: 188,253/448..830million. 41.96%
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 30/WITH GOLD UP $41.50 TODAY/SMALL CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.86 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1071,99 TONNES
DEC 29/WITH GOLD DOWN $190.70 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.86 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1071,13 TONNES
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
GLD INVENTORY: 1071.99 TONNES, TONIGHTS TOTAL
SILVER
DEC 30/WITH SILVER UP $6.89 /HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 2.72 MILLION OZ FROM THE SLV/. ./ :INVENTORY RESTS AT 524.248 MILLION OZ //
DEC 29/WITH SILVER DOWN $5.88 /HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 1.814 MILLION OZ FROM THE SLV/. ./ :INVENTORY RESTS AT 526,968 MILLION OZ //
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
CLOSING INVENTORY 524.248 MILLION OZ OF SILVER
PHYSICAL GOLD/SILVER
1/PETER SCHIFF
JOHN RUBINO
jAMES RICKARDS
2. MATHEW PIEPENBURG/VON GREYERZ
ALASDAIR MACLEOD.
3. CHRIS POWELL AND HIS GATA DISPATCHES
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS / AND TODAY;S 254
5. COMMODITY REPORT//SILVER/SILVER LEASE RATES:
SILVER
5. COMMODITY REPORT//SILVER/SILVER LEASE RATES:/SILVER
Morning fix equates to 79.50 + 8.00 = 87.50
massive premiums on spot silver
Shanghai-Specific ContextThe Shanghai Gold Exchange (SGE) does not publicly quote silver lease/lending rates in the same way as London. Instead, tightness in China shows through:
- Massive physical premiums: Spot silver on the SGE recently traded at $78-86 per ounce (late December), a $8+ premium over Western/London quotes (~$76-78 globally at year-end).
- Backwardation (spot prices > futures) and record-high lease rates mentioned in market reports, driven by China’s huge industrial demand (solar, electronics, EVs) and low warehouse inventories (10-year lows).
- No direct SGE lease rate data is widely published, but the premiums and volatility indicate even tighter physical conditions in Asia than in London currently.
SILVER LEASE RATES: DEC 29//REMAINS QUITE HIGH/ROBERT LAMBOURNE
SILVER COMMENTARIES
(courtesy of Silver Trade)
It Could Be NOW OR NEVER For Those Who Missed Silver’s Move to $85
The silver market has experienced a historic 48 hours of trading since Friday morning.
As Western silver markets reopened Christmas night with the news that silver was trading near $80/oz in Shanghai, silver prices shot up over 11% Friday from $71.69 to close at $79.39.
Trading became even more disorderly over the weekend, as physical silver surged to $84.98 on the SHFE, with many reports that physical silver was selling over $90/oz across China.
Facing MASSIVE physical silver demand, US bullion retailers APMEX, SD Bullion, & JM Bullion were forced to raise their silver spot price – over the weekend– first $1.40 on Saturday night to $80.59, then another $1 late Sunday morning to $81.59.
Australia’s largest bullion dealer ABC Bullion Raised its Silver Spot price Sunday afternoon to $90.52 USD/ $134.66 AUD!When trading resumed at the 6pm EST Globex open, silver prices immediately moved VIOLENTLY to the upside, gapping up to a record $83.98.
Silver’s move was even more explosive in Shanghai, as silver prices set a New RECORD HIGH of ¥20,073, eclipsing the Significant Psychological ¥20,000 Level on the SHFE- the equivalent of $89.05/oz!!
After spiking over 6% to $84/oz, the bullion banks arrived and dumped 50 MILLION oz of paper silver futures on the market in 15 minutes – nearly 7% of annual global silver supply.
Spot silver was smashed $8 from $84/oz to $76. Silver immediately received a bid and climbed $5 over the next few hours to nearly $81, when the 2nd wave of selling began.
Relentless paper selling forced silver prices all the way back to $70.54- a massive $13.44/oz from the overnight record high.
The COMEX futures sell-off widened the Shanghai silver spread to $12.17/oz, however, as Shanghai’s silver remains in the mid $80’s.
The disconnect between paper prices and physical silver is already manifesting in the US market. Our sources inside the US retail market informed us this morning that numerous wholesalers are COMPLETELY SOLD OUT OF ALL SILVER INVENTORY.
One of the largest US wholesalers in the silver market is quoting 3-4 week DELAYS across nearly all silver products after the entire industry saw unprecedented demand over the weekend.
Record low premiums on silver coins and bars is likely ending as the excess investment inventory across the US has dried up literally OVERNIGHT.
90% silver coins seem to be the only product with any inventory remaining across the wholesale market, and we suspect what little of that remains won’t last long.
This will have a positive impact on the buyback offers silver investors receive going forward.
What comes next for silver? Did we just witness a parabolic blow-off long term top, that marked the END of the silver bull market, or is this a much-needed cleansing to shake off the froth and the weak hands that chased silver prices higher?
Time will tell, but history tells us that massive technical chart formations- such as the 50 year cup and handle pattern – typically does not resolve/complete only 1 month after breaking out.
That does not mean that further downside is not possible in silver. Silver could certainly re-test its breakout near $55/oz and remain in a long-term secular bull market.
Silver chart technician Craig Hemke of TFMetalsReport.com is looking to buy the dip in silver at the 20-DMA, which is currently just below $65.
Hemke expects silver to likely bounce at the uptrend line however, just below $70/oz:
Many investors who missed silver’s move from $18 to $84 have been waiting for a pullback as an entry point- something which silver has REFUSED to provide investors over the past month since Thanksgiving night when this explosive rally kicked into high gear.
We now have a 16% pull back in silver prices, and many of those same investors now believe the silver bull market ended Sunday night.
We are not so sure.
If we are correct that we are still in the early stages of a major secular bull move for silver, and this is just a much needed cleansing of the excess froth and euphoria that had built up in silver over the past week, it could be now or never for those who missed silver’s move to $85.
We are not licensed financial advisors, and this is not financial advice. Do your own due diligence, and trade with caution. Volatility is extreme in these markets, and we do not recommend readers trade on margin.MARGIN CALL: Is a Large Bullion Bank’s Short Silver Position About to be LIQUIDATED?Shanghai Physical Silver Premium Hits $8/oz, Signaling Tightening Supply in AsiaAt SilverTrade, our editorial vision is built on integrity, clarity, and a commitment to helping investors navigate the precious metals landscape with confidence. Our leadership team brings decades of hands-on experience in finance, economics, and market analysis ensuring that every article, report, and insight we publish is grounded in real-world expertise.
The analysis and discussion provided by SilverTrade is for your education and entertainment only — it is not recommended for trading purposes. The authors and contributors are not investment advisers and information obtained here should not be taken as professional investment advice.
The commentary by SilverTrade reflects the opinions of the individual authors and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.SilverTrade7901 4th St N., St. PetersburgFlorida, United States of America
ASIA RESULTS; TUESDAY DEC 30
SHANGHAI CLOSED DOWN 0.160 POINTS OR 0.00%
//Hang Seng CLOSED UP 219.37 PTS OR 0.98%
// Nikkei CLOSED DOWN 183.42 PTS OR 0.36%
//Australia’s all ordinaries CLOSED DOWN 0.29%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.9883
/ OFFSHORE CLOSED UP AT 6.9835/ Oil UP TO 58..39 dollars per barrel for WTI and BRENT UP TO 61.74Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING UP TO 6.9885 OFFSHORE YUAN TRADING UP TO 6.9835/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
END
SILVER:
Published December 29, 2025 11:47am EST
Musk worried as Tesla uses a huge amount of silver per car
(Fox News)
Musk sounds alarm on silver as China restricts exports needed for critical industrial processes
Silver prices have surged to record highs in 2025 as the metal faces supply shortages and rising industrial demand
Strategist predicts ‘resilient’ stock market in 2026
Invesco global market strategist Brian Levitt discusses the key market drivers for 2026 and reveals the single-best investment for the new year on ‘Barron’s Roundtable.’
Tesla CEO Elon Musk is raising the alarm over surging silver prices as China prepares to impose new export restrictions on the precious metal.
Musk responded to a post on his X social media platform that noted China will begin requiring government licenses for companies to export silver from the country starting on January 1.
“This is not good. Silver is needed in many industrial processes,” the Tesla CEO said.
Silver prices have surged to record high prices this year after it was designated a critical mineral by the U.S. government amid supply shortages and rising demand from industrial users as well as investors. The metal is used in a variety of industries, including electronics, medicine and renewable energy.
ETF RACE HITS $1T AT RECORD SPEED WITH MORE GAINS COMING
Tesla CEO Elon Musk warned China’s silver export restrictions could pose a problem for industries relying on it as an input. (Chesnot / Getty Images)
Silver prices have risen over 142% in 2025 as of Monday after beginning the year at just under $30 an ounce. iShares Silver Trust, the largest exchange traded fund tied to silver, has mirrored the gains of the metal.
iShares Silver Trusthttps://foxbusinessp.factsetdigitalsolutions.com/markets/chart?symbol=SLV.
Spot silver prices briefly touched an all-time high of $83.62 an ounce during Monday’s trading session before they fell to $75.32.
“This morning’s price decline, which follows record highs, is attributable mainly to traders taking profits ahead of the year-end,” said ActivTrades analyst Ricardo Evangelista. “Tentative optimism from the U.S. administration regarding progress in the Ukraine peace talks also represents a mild headwind.”
Silver prices surged to record highs but have slipped on year-end profit-taking. (Michael M. Santiago / Getty Images)
David Meger, director of metals trading at High Ridge Futures, noted the profit-taking is driving the pullbacks from “spectacularly high levels” and added that, “I believe that the underlying fundamentals of (silver) supply constraints remain factors in the market, and we still have positive prospects going into 2026.”
Precious metals like silver and gold are also contributing to the S&P 500’s rise to new highs as the calendar is set to turn to the new year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GLD | SPDR GOLD SHARES TRUST – USD ACC | 398.61 | -18.11 | -4.35% |
| SLV | ISHARES SILVER TRUST – USD ACC | 66.05 | -5.08 | -7.14% |
| SPY | SPDR S&P 500 ETF TRUST – USD DIS | 680.59 | +4.12 | +0.61% |
SILVER SURPASSES $50 AN OUNCE FOR FIRST TIME AMID GEOPOLITICAL, ECONOMIC UNCERTAINTY
Silver prices have surged amid rising demand and supply challenges. (Getty Images)
“If stocks are going to close out another year of double-digit gains on a high note, they’ll likely need to do much of the heavy lifting,” said Chris Larkin, managing director of trading and investing at E*Trade from Morgan Stanley. “But precious metals may also play a key role.”
“Mining stocks were a big part of the S&P 500’s drive to new highs last week, and they’ve been tracking the record-setting rallies in metals. If gold and silver close out 2025 at record highs, the S&P 500 may have a better chance of doing the same,” Larkin explained
end
SILVER
Silver Coins: Memories Of Sound Money
Tuesday, Dec 30, 2025 – 02:20 PM
Authored by Jeffrey Tucker via The Epoch Times,
The financial press reports that people are swarming the coin shops these days, grabbing as much as possible. This is exactly what one would expect given the wild and parabolic increases in the silver price over the last month, moving from $30 to $75 in the period of one year.
Such increases tend to focus the mind and incentivize regular people to join in the fun.
Silver tends toward these wild manias, suffering from neglect for years before taking off out of seemingly nowhere. That said, I did call it in these pages. “Now Is the time for silver,” I wrote in June of 2025.
The wild bull market seems to reflect new levels of demand from AI and solar panels. There is no better conductor of electricity or temperature. Nothing from the lab can come close. There is also the perception that supplies are dwindling. Put it together—supply and demand—and the magic just happens.
If you are among those who are stocking up on coins—not merely calling your broker about silver ETFs—you might take a few minutes to look more carefully at the dates of these coins.
The year was 1965, the great turning point. The last 90 percent silver circulating coins (dimes, quarters, half-dollars) were dated 1964, and everyday “silver coinage” ended with that date for most denominations.
How significant was this? It was huge.
Silver coins were about real money in the hands of real people, not bankers and not politicians. They were a guarantor of freedom, one even mentioned in the U.S. Constitution “No State shall… coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts,” says Article I, Section 10, Clause 1.
The Founders knew the meaning of sound money, and made it a mandatory matter that any state that is part of the great union had to adhere to the silver standard. Much later, all money and coinage power were transferred to the federal government, making the point mute. But then of course the federal government made an enormous error.
Why did this happen? Lyndon Johnson had taken over the Presidency after the assassination of John F. Kennedy. Kennedy had hoped to impose a nationwide silver standard as a means of restraining the central bank. After he was killed, the goal was sidelined. The money in our pockets was wrecked. From being made of the real deal, they all eventually became what is known as “baloney sandwich” coins—nothing but tokens.
The rest of the world followed. Why? There is really only one reason. Governments, banks, and corporate finance did not like the restraints imposed by precious metals. It was seen as too costly and restrictive whereas coining mere symbols seemed to be a savings. There was a welfare state to create and fund, plus a big war building in Southeast Asia. In such times, governments need resources that hard money simply does not allow.
Another critical point about these times: this was the turning point in public confidence in government. The assassination of Kennedy was a devastating blow, especially in the way that so few actually ever believed the official story about how and why it happened. Government never recovered its credibility. The destruction of the money was the telltale sign that something had gone seriously wrong.
Confidence in government peaked at 77 percent in 1964 and then began its long slide. It sits at 17 percent today.
Chart source: Pew Research
This is an astonishing and undeniable trend about which few will publicly speculate. The bigger government gets, the more it takes on, the less the public trusts it to do the right thing. This is because the people are not stupid. They follow the evidence of their senses. And keep in mind that the main trends happened long before independent media was hard at work to pull back the curtain on power, as it is today.
Daily we discover more depths of corruption, thanks mostly to independent reporters and scrupulous reporting from The Epoch Times. A video detailing the mind-blowing corruption in Minnesota has reached more than 100 million views, making the legacy media irrelevant by comparison. The COVID period was also another decisive turning point: scientists with power ruled your life in the name of health while taking away the means to obtain health.
The slide can only continue in the future, and it is likely that the only kind of politician who stands a chance of getting elected is one who promises to overthrow the system as it is. This is our lives now, just the way things work in a society of low trust.
The beauty in holding and jangling pre-1965 silver is nostalgia for a time when government was somewhat restrained, corporate finance was built by hard work and real capital, people were highly educated, and freedom itself was baked into our coinage. Plus, silver just feels great in one’s hand, adopting the temperature of the room and the holder as if a magic trick is happening right before you.
I long for the days of real money and probably you do too. And it raises the question: how can we get it back? I wish I had the answer but plenty of people are not waiting for government to make it happen. Much of the demand for silver these days stems from what’s called “safe haven” demand. You just know that even if or when fiat money fails, this silver will still be accepted in payment.
Who doesn’t feel safer and more secure with a few large bags of pre-1965 dimes and quarters on hand? This was the last period in which the United States minted real money as opposed to symbols made of paper and tin. That was more than half a century ago, and public nostalgia for this period of our national life has reached new highs.
Someone just asked me of the chances that government will in the future demand that we all turn in our silver, the same way they did in 1933 for gold. One supposes it is possible, and you can imagine the rationale: industry needs supply to make the AI revolution and the energy transition possible. Certainly they have the power to do so.
That said, how many will comply? In 1933, plenty of people did not assent with the demand to turn in gold and instead found other safe havens for it. The same would be true today for silver. Plus, I seriously doubt that any president or Congress would risk what remains of credibility by undertaking such an action. There would be real risk of revolution.
We aren’t likely going back to a silver standard but people are adopting it in their own lives, even choosing the old-world money over crypto currency certainly over fiat which is only falling in value. Remember that one version of the history of the world dollar comes from the Spanish coin “thaler.” That memory is alive and well in every coin shop in this country, and in the bags of silver you might be accumulating now, just in case.
END
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 6.9883
OFFSHORE YUAN: UP TO 6.9835
HANG SENG CLOSED UP 219.37PTS OR 0.98%
2. Nikkei closed DOWN 183.42PTS OR 0.36%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 97.70 /// EURO FALLS TO 1.17671DOWN 5 BASIS PTS
3b Japan 10 YR bond yield: RISE TO. +2.081// UP 3FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 155.90… 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: 3.418 DOWN 2 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 UP for WTI and UP FOR UP this morning
3h European bond buying continues to push yields LOWER on all fronts in the EMU. German 10yr bund YIELD UP TO +2.8470 Italian 10 Yr bond yield DOWN to 3.426SPAIN 10 YR BOND YIELD UP TO 3.286
3i Greek 10 year bond yield DOWN TO 3.450
3j Gold at $4478.80 Silver at: 74.50 1 am est) SILVER NEXT RESISTANCE LEVEL AT $80.00
3k USA vs Russian rouble;// Russian rouble UP 0 AND 33/100 roubles/dollar; ROUBLE AT 78.61
3m oil (WTI) into the 58 dollar handle for WTI and 61 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 155.90 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.081% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING//YEN BOND TRADING OVERSEAS REPATRIATED.//JAPAN 30 YR: 3.418 DOWN 2 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: 0.92982well 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: 4.120 UP 1 BASIS PTS…
USA 30 YR BOND YIELD: 4.806 DOWN 0 BASIS PTS/
USA 2 YR BOND YIELD: 3.459 DOWN 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 42.94 UP 1 BASIS PTS/LIRA GETTING KILLED
10 YR UK BOND YIELD: 4.4880 DOWN 2 PTS
30 YR UK BOND YIELD: 5.217 DOWN 1 BASIS PTS
10 YR CANADA BOND YIELD: 3.390DOWN 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.925 DOWN 0 BASIS PTS.
1a New York OPENING REPORT
Futures Flat, Precious Metals Rebound On Last Full Trading Session Of 2025
Tuesday, Dec 30, 2025 – 08:48 AM
Stock struggled to find direction amid a year-end lack of catalysts and the traditional lull in trading in the final trading days of the year. After suffering one of the biggest one-day drops on record, silver and gold regained their footing after sliding from all-time highs. As of 8:15am, the S&P 500 was set to open flat, while Nasdaq futures fractionally in the red after back-to-back losses. In premarket trading, Mag 7 stocks are mixed while US silver and gold stocks are higher as the precious metals rebound from Monday’s drop with gainers including Hecla (HL) +2.4%, Coeur (CDE) +2.8% and Barrick (B) +2.4%. European stocks outperformed as rising metal prices boosted miners, while a gauge of Asian shares nudged lower. In the most notable overnight FX move, China’s onshore yuan strengthened past the key 7-per-dollar level for the first time since 2023. The greenback remained on course for its worst month since August. Treasuries fell across the curve, with the 10-year yield rising three basis points to 4.14%. Today’s US economic data calendar includes the weekly ADP employment change (8:15am), the Case-Shiller home price index (9am), December MNI Chicago PMI (9:45am) and the December Dallas Fed services activity (10:30am). The Fed is set to release minutes of the December FOMC meeting at 2 p.m
In premarket trading, Mag 7 stocks were mixed (Tesla +0.7%, Nvidia +0.1%, Alphabet little changed, Microsoft -0.2%, Amazon -0.1%, Meta Platforms -0.2%, Apple -0.2%)
- Silver and gold mining stocks are higher as the precious metals rebound, with gainers including Hecla (HL) +2.4%, Coeur (CDE) +2.8% and Barrick (B) +2.4%
- Freeport-McMoRan (FCX) rises 1.9% as copper headed for the longest winning run since 2017 in a December rally powered by the prospect of more stress in the supply chain.
- OceanFirst Financial (OCFC) slips less than 1% on light trading after agreeing to buy Flushing Financial.
- T1 Energy Inc. (TE) climbs 5% after the solar equipment manufacturer announced the completion of a $160 million sale of Section 45X production tax credits.
In corporate news, Citigroup expects to post a roughly $1.1 billion after-tax loss on the sale of its remaining business in Russia to Renaissance Capital. And Meta agreed to buy Singapore-based startup Manus, an AI agent that can complete general tasks including screening resumes, creating trip itineraries and analyzing stocks in response to basic instructions. The deal values Manus at more than $2 billion. Tesla published a compilation of analyst estimates for vehicle deliveries to its website, and the averages for the current quarter are more pessimistic than those gathered by Bloomberg.
Global equities are on track for a third straight annual gain in a year when European and Asian stocks trounced the S&P 500. With news flow and trading volumes generally low, investors will focus on the release of minutes from the Federal Reserve’s December meeting for clues about the interest-rate path for 2026. Tuesday also marks the last trading session of the year for many equity markets, including Germany, Japan and South Korea.
“The overriding theme is that global stock indices have lost momentum into year-end,” wrote Kathleen Brooks, research director at XTB. “There are plenty of reasons for this, including decent returns for 2025, and investors waiting to make big trading decisions until after the Christmas break.”
Still, as Bloomberg notes, investors have reason to be optimistic heading into the new year. MSCI’s gauge for global stocks has climbed an average 1.4% in January over the last 10 years and advanced in six of those instances, Bloomberg data show.
The dollar and Treasury yields are marking time before the 2 p.m. ET release of minutes from the Fed’s December meeting, which saw a third consecutive cut. Amid signs of growing division about where policy heads next, rates may remain on hold until a new chair is in place. Trump teased that he has a preferred candidate to succeed Jerome Powell, but is in no hurry to make an announcement. Wall Street rate strategists, with several notable exceptions, anticipate stable-to-higher Treasury yields in 2026, even with the Fed expected to cut rates as many as three more times.
For another session, precious metals were in focus after trading turned volatile in the last few days. Silver rebounded 5% after tumbling 9% in the previous session. Gold was up 1.5% after losing more than 4%. Among other metals, copper headed for the longest winning streak since 2017 in a rally boosted by the prospect of more stress in the supply chain. Nickel hit the highest since March after top producer Indonesia flagged plans to cut supply.
Meanwhile, President Donald Trump said that he has a preferred candidate to be the next chair of the Federal Reserve, but is in no hurry to make an announcement. He also mused that he might fire Jerome Powell.
In geopolitics, Trump’s campaign to end the war in Ukraine hit fresh problems on Monday when Putin said he would revise Russia’s negotiating position, claiming Ukrainian drones targeted his residence. Zelenskiy dismissed Russia’s allegation as a “new lie” and warned that Moscow could be using it as a pretext to prepare an attack on government buildings in Kyiv. Oil prices are extending Monday’s gains as traders weigh geopolitical tensions from Russia to Venezuela and Iran against concern about a glut. Crude remains on course for a steep annual drop because of worries that global production will eclipse demand after OPEC and its allies ramped up output to try to recapture market share.
In Europe, the Stoxx 600 is up 0.4% and on course for a record close. Mining stocks are outperforming, tracking gains across most of the metals complex. Banks also outperform. Here are some of the biggest movers on Tuesday:
- Fresnillo shares climb as much as 3.7% after Citigroup Inc. analysts boosted their price target on the company while maintaining a buy rating, to take account of higher silver and gold prices.
Earlier in the session, Asian equities edged lower, snapping a seven-day winning streak, as losses in Taiwan and Japan offset gains in Hong Kong. The MSCI Asia Pacific index fell 0.1%, with TSMC and Hon Hai Precision Industry Co. among the biggest drags. Tuesday marked the last trading day of the year for several Asian markets, including Japan, South Korea and Thailand. The Philippines remained closed for a holiday. Some of the region’s tech shares tracked a selloff in US peers ahead of the year-end. China’s new round of military drills around Taiwan also weighed on investor sentiment. Meanwhile, it was a busy day for stock market listings in Hong Kong, with some of the debuts trading mostly higher. Insilico Medicine Cayman TopCo, an AI drug discovery startup, jumped as much as 48%.
In FX, the Bloomberg Dollar Spot Index is little changed. The euro is flat with little reaction seen after Spanish harmonized CPI slowed as expected.
In rates, treasuries are trading near session lows as US trading gets under way for the year’s final full session; cash and futures markets plan early closes for Wednesday, when the Bloomberg Treasury index will rebalance at 1 p.m. New York time with a 0.06-year duration extension estimated. Yields are higher by about 2-3bp across tenors, the 10-year near 4.14%, with curve spreads little changed. Bunds are a touch lower while gilts inch higher. Treasuries are headed for a small monthly loss amid signs of US economic resilience, yet still on pace for their best annual performance since 2020 following three Fed interest-rate cuts in response to weakening labor-market conditions. Swap contracts for predicting Fed moves price in low probability of a rate cut for the next policy decision on Jan. 28 but fully price one in by mid-year and two by year-end.
In commodities, spot silver rises 4% while gold and most base metals are also in the green. WTI crude futures climb 0.4% to $58.30 a barrel.
US economic data calendar includes weekly ADP employment change (8:15am), October FHFA house price index and S&P Cotality home price gauges (9am), December MNI Chicago PMI (9:45am, several minutes earlier for subscribers) and December Dallas Fed services activity (10:30am). The Fed is set to release minutes of the December FOMC meeting at 2 p.m.; the decision to cut interest rates by a quarter point drew two dissents in favor of no action and one in favor of a bigger reduction.
Market Snapshot
- S&P 500 mini little changed
- Nasdaq 100 mini little changed
- Russell 2000 mini +0.2%
- Stoxx Europe 600 +0.4%
- DAX +0.3%
- CAC 40 +0.3%
- 10-year Treasury yield +1 basis point at 4.12%
- VIX +0.3 points at 14.47
- Bloomberg Dollar Index little changed at 1200.33
- euro little changed at $1.1774
- WTI crude +0.5% at $58.35/barrel
Top Overnight News
- Trump Says US Forces Struck Narcotics Loading Docks in Venezuela: BBG
- Russia says its negotiating stance on Ukraine will toughen after accusing Kyiv of attack: RTRS
- China encircles Taiwan in massive military display: RTRS
- China’s Push to Master the Arctic Opens an Alarming Shortcut to U.S: WSJ
- Emboldened Activist Investors Are Circling U.S. Banks: WSJ
- Russia shows off deployment of nuclear-capable Oreshnik missiles in Belarus: RTRS
- Russia attacks Ukraine’s Black Sea ports, damages civilian ship, Kyiv says: RTRS
- Facing Alawite backlash, Syria’s new leaders take controversial steps to win loyalty: RTRS
- Silver Jumps in Choppy End to Year for Metals: WSJ
- Meta Buys AI Startup Manus for More Than $2 Billion: RTRS
- AI Trade’s Next Leg Is All About Tech’s ‘Pick-and-Shovel’ Stocks: BBG
- Saudi Ultimatum Deepens Its Rift With Gulf Rival U.A.E.: WSJ
- Cancer’s Soaring Cost Wrecks Patients’ Finances in a Broken System: BBG
- Caterpillar’s Surging Stock Is Fueled by AI, Not Yellow Excavators: WSJ
- NYC Subway Says Goodbye to MetroCard, But Many Riders Already Did: BBG
US Event Calendar
- 9:00 am: Oct FHFA House Price Index MoM, est. 0.1%, prior 0%
- 9:00 am: Oct S&P Cotality CS 20-City YoY NSA, est. 1.1%, prior 1.36%
- 9:00 am: Oct S&P Cotality CS U.S. HPI YoY NSA, prior 1.29%
- 9:45 am: Dec MNI Chicago PMI, est. 40, prior 36.3
- 2:00 pm: Dec 10 FOMC Meeting Minutes
1b European opening report
ic) Asian opening report
2b. JAPAN
3. CHINA/
and we should support the crooked regime of Somalia and not recognize democratic Somaliland/
(zerohedge)
China Condemns Israel’s Recognition Of Somaliland As Taiwan Embraces Move
025 – 11:25 PM
The Chinese Foreign Ministry released a statement on Monday condemning Israel’s recognition of the separatist Republic of Somaliland, after Taiwan became the first state to welcome Tel Aviv’s move.
China opposes the Israeli recognition of Somaliland as an “independent sovereign state” and the decision to “establish diplomatic relations” with it, said Chinese Foreign Ministry spokesman Lin Jian. “No country should encourage or support other countries’ internal separatist forces for its own selfish interests,” he added, while urging the country of Somalia to halt “separatist activities and collusion with external forces.”
The spokesman made the comments during a news briefing. “China firmly supports Somalia’s sovereignty, unity, and territorial integrity, and opposes any moves that undermine Somali territorial integrity,” he went on to say.
A day earlier, Taiwan became the first state to welcome Israel’s recognition of Somaliland. The Taiwanese Foreign Ministry said in a statement that Israel, Taiwan, and Somaliland are “like-minded democratic partners sharing the values of democracy, freedom, and rule of law.“
Last week, Israel became the first state to formally recognize Somaliland, which broke away from Somalia in 1991 but had never been recognized by any UN member state. Somali officials slammed the move.
The Israeli government has been aiming for Somaliland to serve as a potential destination for Palestinians that Tel Aviv aims to forcibly displace from Gaza, according to multiple reports over the past year.
Somali Prime Minister Hamza Barre said that Israel was “searching for a foothold in the Horn of Africa” and called on it to recognize and accept a Palestinian state instead.
Somali President Hassan Sheikh Mohamud referred to the move as a “naked invasion” and said it poses a “threat to regional stability.”
The Arab League, Gulf Cooperation Council (GCC), African Union, and Organization of Islamic Cooperation (OIC) also strongly rejected the Israeli recognition of Somaliland. Iran’s Foreign Ministry called the move “malicious.”
China’s rejection of the recognition coincided with a report by Hebrew newspaper Maariv, which claimed that after recognizing Somaliland, Israel is now considering recognizing the UAE-backed Southern Transitional Council (STC) in Yemen, hoping for strategic cooperation on the Red Sea coast against Ansarallah.
The secessionist STC has recently swept across large swathes of central and southern Yemen with the hopes of creating an independent state. According to recent reports, Israel and Taiwan have also been enhancing their relationship.
Taiwanese Foreign Minister Francois Wu recently made a secret visit to Israel, sources told Reuters on 11 December. In October this year, Taiwan’s President Lai Ching-te said that Israel serves as a model for the island to strengthen its defenses.
Weeks earlier, Taipei City unveiled the T-Dome system – inspired by Tel Aviv’s Iron Dome missile defense system. Taiwan and Israel do not have formal diplomatic relations. Pressure from China, which views Taiwan as one of its provinces, has left Taipei with very few diplomatic ties to other states.
4 EUROPEAN/NATO AFFAIRS/SCANDINAVIA
EU
Why Did The EU Slide Into Complete Irrelevance?
Tuesday, Dec 30, 2025 – 07:20 AM
Authored by Mike Shedlock via MishTalk.com,
Hint: It’s structural. Trump has nothing to do with it…
The Creeping Death of the Single Market
Eurointelligence discussed the EU’s Slide Towards Irrelevance
The EU has zero chance to emerge as a geopolitical power like the US or China. Strategic autonomy was only a slogan. It came with no strategy, and most importantly, with no financial commitments. The way EU countries are currently raising military spending, through debt mostly, and without common procurement, will reinforce their dependency on the US and US-dominated financial markets. At no point did the EU have an agreed end-game strategy for Ukraine – something that goes beyond wishful thinking.
But the EU has a few, sadly neglected, assets. It has a customs union, a single market and a single currency. They don’t win wars, but they matter. If the EU had not fallen behind the US in productivity growth, and if it had not given up on 21st technologies, the EU would be a formidable soft power. The threat of being banned from the world’s largest single market would have been a real choke-hold. The purpose of frugal fiscal policies is not to pay homage to a protestant work ethic, but to give financial headroom to act during emergencies.
If you accept, as everybody seems to do, that treaty change is impossible, an intelligent soft power strategy is the only thing that is left. But that would have meant a lowering of ambitions: no Green deal; no anti-tech legislation; the completion of the banking union with the goal to end the bank-sovereign nexus. In particular, it would have meant more integration.The balance between widening and deepening is way off.
For the talking heads that roam our airways and social media, it is cooler to talk about foreign policy. But for the EU it would be better if its leadership took an interest in the work of standard committees. They should not invite Zelensky to their European Council meetings, but the three economics Nobel Laureates, to give a presentation of the importance of technology to economic growth. The creeping death of the single market is the real existential crisis of the EU. It is not Trump.
If the EU wants to acquire hard power, that would have to be preceded by political reforms: treaty change to establish the EU as a federal union, with tax raising and debt issuing powers, money to fund an army, and a politically accountable military command structure. You don’t acquire hard power with people sitting around tables.
The EU’s tragedy is that it abandoned the necessary to seek the impossible.
Treaty Change Impossible
Yes, I do accept that a treaty change is impossible unless and until some currency crisis forces that outcome.
I have been writing about this for years.
The EU is governed by nannycrats with impossible goals and no way to act on them.
The Green Deal is now dead. Trump demand 5 percent military spending when budget constraints are such that 2 percent will be a struggle.
The US strives to innovate. The EU strives to regulate. It wants to regulate AI without knowing what AI is even about.
EC fines X €120 million under the Digital Services Act
Please note that on December 4, the EC fines X €120 million under the Digital Services Act
Deceptive design of X’s ‘blue checkmark’
X’s use of the ‘blue checkmark’ for ‘verified accounts’ deceives users. This violates the DSA obligation for online platforms to prohibit deceptive design practices on their services. On X, anyone can pay to obtain the ‘verified’ status without the company meaningfully verifying who is behind the account, making it difficult for users to judge the authenticity of accounts and content they engage with. This deception exposes users to scams, including impersonation frauds, as well as other forms of manipulation by malicious actors. While the DSA does not mandate user verification, it clearly prohibits online platforms from falsely claiming that users have been verified, when no such verification took place.
Lack of transparency of X’s ads repository
X’s advertisement repository fails to meet the transparency and accessibility requirements of the DSA. Accessible and searchable ad repositories are critical for researchers and civil society to detect scams, hybrid threat campaigns, coordinated information operations and fake advertisements.
X incorporates design features and access barriers, such as excessive delays in processing, which undermine the purpose of ad repositories. X’s ads repository also lacks critical information, such as the content and topic of the advertisement, as well as the legal entity paying for it. This hinders researchers and the public to independently scrutinise any potential risks in online advertising.
Nannycrat Nonsense
Seriously, doesn’t the EU have anything better to do than worry about blue checkmarks on X?
Unfortunately, this kind of nannycrat nonsense is all that the EU can do.
Q: Why?
A: Because, with few exceptions, it takes unanimous or nearly unanimous agreement to do anything.
So the EU launches commissions and studies again and again and again because commissions and studies are the only thing that can be approved.
By treaty, France has veto power over anything agricultural (every nation actually, but France and Italy are at the forefront). Global trade summits fail every year because of single-nation veto power. It useless to even invite the EU because the outcome is known from the beginning.
Germany and other Northern European countries have veto power over budget rules. That won’t change until German banks blow sky high, if then.
In the rare case the EU ever does anything, it’s usually wrong. Green energy, carbon border taxes, and the ridiculous digital services act are good examples.
Spotlight AI
The competition on AI is massive. Globally it’s the US vs China. But within the US there are four key players.
- OpenAI: OpenAI developed ChatGPT and the GPT models. It is a leader in conversational AI and foundational models.
- Anthropic: Anthropic is an AI safety and research company. It develops the “Claude” family of large language models. It is known for its constitutional AI framework.
- xAI: xAI is Elon Musk’s AI venture. It developed the Grok chatbot, with integration with Tesla and robotics.
- Perplexity AI: Perplexity AI operates an AI-powered search engine. It uses large language models and real-time web search to provide cited answers.
AI Q&A
Q: Where is the EU?
A: The EU is not in the ballpark. It’s not even close to the ballpark.
Instead, EU nannycrats are in a sand playbox 2,000 miles away trying to regulate the damn thing.
France’s big concern is not AI but to protect the family farm.
Protecting Family Farms in France:
- Combating Unfair Competition: Farmers protest against free-trade deals (like Mercosur) that they argue flood the market with cheaper products, undermining French standards and viability.
- Rural Livelihoods: Supporting family farms is seen as vital for food security, rural jobs, and maintaining the French countryside’s character.
- Economic Support: France relies on EU subsidies, but farmers demand fairer distribution, with new rules pushing for eco-friendly practices while trying to prevent large farms from monopolizing funds.
- Legal Protections: Laws aim to shield farmers from “abusive” lawsuits by new residents over noise (like roosters) or smells, preserving traditional agricultural practices.
Mercosur Deal Update
Hooray! I am pleased to report that political agreement on Mercosur was reached in December 2024 after 25+ years of talks.
However, ratification hinges on member states.
Yet, on December 19, Politico reported EU delays Mercosur signing as 25-year curse drags on
An eleventh-hour turnaround from Italian Prime Minister Giorgia Meloni upended a self-imposed objective of signing the agreement with the Mercosur countries on Dec. 20 — pushing the decision to mid-January instead, POLITICO first reported.
The delay shows that after two decades of negotiations and countless turn-arounds, the EU-Mercosur pact, designed to create one of the world’s largest free-trade areas between the EU, Brazil, Uruguay, Paraguay and Argentina, continues to be a political minefield in Europe.
“Mercosur plays a central role in our trade agreements,” said European Commission President Ursula von der Leyen on her way into the leaders summit on Thursday morning, adding it was “of enormous importance we get the green light.”
Yet Meloni derailed the carefully laid plan.
Brazil’s President Luiz Inácio Lula da Silva said the Italian leader promised him on a call Thursday that she would support the deal as soon as she secured the backing of Italy’s farmers. Despite heaping pressure on Europeans in recent days, Lula ended up accepting the delay, the diplomats said.
Meloni’s pushback meant there was not enough backing from EU countries for von der Leyen to fly to Brazil this weekend to sign the deal as planned — despite the huge political capital invested on each side in trying to finalize it by the end before Christmas.
Even if Rome and Paris come around, the agreement’s troubles are far from over: The deal must still pass through the European Parliament, where opposition is mounting across the political spectrum.
“It seems certain that it [the Mercosur deal] will be signed in mid-January,” a senior German official told reporters.
The mid-January date is important, the official stressed, to get the agreement ratified before the Parliament has a chance to vote on a resolution to send the deal to the Court of Justice of the EU — which would risk freezing its ratification for up to two years.
Dealing With the EU
Mercosur is the perfect example of what it’s like dealing with the EU. Any country can damn near block any deal for any reason, or no reason at all.
I repeat my congratulations to the UK for escaping this madness. Of course, the UK has not made the best of Brexit, but that is the fault of UK politicians, not the Brexit vote itself.
Regulation and roadblocks are all the EU knows how to do. That’s why Google, Amazon, Microsoft, Tesla, Nvdia, and all the key AI players outside of China are in the US. The EU would regulate them to death before they ever got going.
To repeat: The US strives to innovate. The EU strives to regulate. Deals take 25 years. Knowing that, one would have to be crazy to want back in.
END
EUROPE
(KOLBE)
Europe’s Ideological Paralysis Threatens AI Boom
Tuesday, Dec 30, 2025 – 05:00 AM
Submitted by Thomas Kolbe
Economic prosperity is created in free markets by innovative companies. Over 50 percent of globally operating AI unicorns are located in the U.S., while Europe plays virtually no role. The race for the next future technology is already decided.
It seems that economic history is repeating itself in these months. On the stock markets, companies in the artificial intelligence and data center sectors are being traded feverishly. Massive capital flows into this technology. Much of it resembles the dot-com boom 25 years ago.
Structurally and regionally, little has changed since then: The U.S. and China are fighting for pole position, while the European Union’s economy remains largely on the sidelines, pushed into a spectator role by EU regulators.
Unicorns as a Measure of Innovation
An interesting measure of the EU’s lag in artificial intelligence is the number of so-called unicorns—private startups valued at at least one billion U.S. dollars before going public. This metric is considered a valid indicator of a region’s innovative capacity—and for the EU, the comparison with the U.S. is catastrophic.
About 1,700 such innovative companies currently operate in the U.S., while the EU has only around 280. The U.S. dominates this market with over 50 percent share, whereas the European economy lags far behind with less than ten percent of the global market.
This economic gap is also reflected in investment volume. Hyperscalers such as Amazon, Microsoft, Alphabet, and Meta invested over $320 billion in AI and corresponding data center infrastructure this year alone. More than 550 new projects—with a focus in Virginia, Texas, and Arizona—are forming the backbone of a new economy.
Data center capacity in the U.S. grew by around 160 percent this year, while Europe’s capacity increased by only about 75 percent, equaling an investment volume of just under €100 billion.
With investments of around $125 billion, China’s economy also lags far behind the American one. An interesting context—especially from the perspective of European, and particularly German, policymakers—is that nuclear power is gaining noticeable momentum in these regions.
Even if green-minded Germany refuses to acknowledge it due to its ideological stance against nuclear energy, the enormous energy demand of new technologies will in the future be covered to a significant extent by the expansion of nuclear power.
Among the few major projects in the European Union are the Brookfield project in Sweden, with an investment volume of around $10 billion, and the Start Campus in Portugal, which could also activate nearly $10 billion in investments.
Crash of Ideologies
Especially in AI, the ideological clash between the U.S. and the EU can be observed in practice and in all its consequences. While the U.S. relies on deregulation and private solutions, removing barriers for intense competition, EU Europe still adheres to the mantra of political global control. Nothing may happen unless Brussels officials have schemed it at their green table in all their wisdom.
The Draghi motto still applies here: Only massive public investments—credit-financed and centrally planned—will, in the view of EU statist planners, help overcome the enormous gap between Europe and the U.S.
In the simulations of the EU Commission’s master plan, now stretched over seven years under Ursula von der Leyen, everything seems surprisingly simple, almost simplified. The EU’s Invest-AI plan intends to borrow around €50 billion in loans and invest them in selected projects in the coming years. This is supposed to trigger private investments of €150 billion, ultimately creating four AI gigafactories.
Welcome to the socialist textbook world of “Habeckonomics”: a system in which state projects like Northvolt repeatedly fail. Yet as long as public guarantees, subsidies, and state-guaranteed purchase prices are in prospect, the small flame of political hope continues flickering in Europe’s lukewarm wind.
As usual, we also observe the typical European jungle of funding programs, subsidies, and steering projects. These include “Horizon Europe,” which is meant to strengthen computing power in science, the RAISE pilot, and the Gen-AI-4-EU initiative, together investing another billion euros in the EU’s digital infrastructure.
The Power of Competition
The ideological clash between the two major economic blocks, the U.S. and the EU, is producing strange effects. While the open capital market in the U.S. lets startups sprout like mushrooms from fertile soil, EU regulation—especially under the Digital Markets Act—has fostered a predatory mentality. That this was likely the Eurocrats’ goal from the start comes as no surprise.
Brussels imposed more than €3.2 billion in competition fines this year, mainly targeting U.S. corporations. Brussels has degenerated into a bureaucratic leviathan—a parasitic glutton absorbing economic energy and generating ossified structures and economic vacuum.
In EU Europe, the motto is: the regulatory framework matters most—and the state takes its cut. That private industry prefers other locations and withdraws capital matters little to Brussels’ extraction experts.
Against the backdrop of Europe’s massive descent into a climate-socialist dystopia, it is surprising that the roots of libertarian economic thinking originate precisely on this continent. Consider the great economist Ludwig von Mises, who repeatedly pointed out that it is the entrepreneur who drives the engine of the market economy through profit-seeking, and that without exception, decentralized processes create prosperity—while state interventions regularly derail it.
Civilization-superior models like the free market sink in the waves of ideological EU infantilism. Its repressive climate socialism promotes the growth of corporatist structures in which politics and subsidized parts of the economy carry out the extraction, eliminating competition.
The rigid adherence to centrally planned control of the new tech industry tragically mirrors the timeline of the dot-com era. What Europe fails to understand is that groundbreaking innovation inevitably triggers an investment boom, often resulting in overinvestment and a stock market crash—but ultimately leaving economically profitable structures permanently woven into the existing economy.
As with companies like Amazon, Google, or Microsoft, Europeans will look back in a few years at these months and examine this intercontinental economic bifurcation through the examples of OpenAI, Gemini, or Perplexity. The energy needed will come from French nuclear reactors and soon also from Polish nuclear power.
END
EUROPE
ROBERT H
Why we can not go back
There is no limit to what the government will spend with “money” that does not exist. Governments continue to borrow perpetually with no real intention of paying back their debts. This is one piece of the current Sovereign Debt Crisis that will implode like a nuclear bomb, the likes of which we have never witnessed. The business cycle cannot be manipulated, and, moreover, the Keynesian model cannot account for declining confidence in both government and the economy. Throughout history empires have tried and failed. This will run its course now over the next several years. And no amount of empty promises or words will change the course.
Looking back at 2025, the most engaged blog posts shared a common thread: capital controls, digital identity, surveillance, war risk, sovereign debt, and the loss of credibility in government data. It should be clear that the public has lost all hope in reliable government. Trust has been lost, and people are seeking ways to protect themselves from increasingly authoritarian regimes. Even in timid nations like Canada people are asking questions about everything from recently handing Zelensky $2.5 billion the nation does not have in cash to give ( will be funded by debt borrowings) to mindless immigration policies that are causing upheaval everywhere from schools to the streets to crime. It matters not whether people express this loudly with fanfare. It is the quiet realization that affects everything people do.
2025 was the confirmation year. As we move into 2026, volatility should not come as a surprise. The Economic Confidence Model points to a heightened risk of financial stress, political instability, and sudden shifts in capital flows as confidence in institutions continues to erode. This is the phase in the cycle when governments are forced to react, often resorting to control measures as volatility rises. Although 2026 will be far from a calm year, only rapt attention will perhaps guide the way and provide a bit of predictability amid an unstable world. Look at what is happening in Italy where honesty reaches mainstream knowledge.
This is what Meloni fears as recently admitted to her staff.
Not hard work. Not busy schedules. She fears a 2026 in which Europe’s elites lose control of three things at once.
Money — as Ukraine’s funding becomes an EU balance-sheet problem, replacing the fantasy that “Russia will pay”.
Narrative — as censorship tightens and still fails to suppress the question echoing across the continent: what was this all for?
Alliance discipline — as Washington maneuvers for exit while Europe absorbs the cost, the risk, and the humiliation. While China watches all the time positioning itself with new realities.
That is the panic. Not losing the war overnight, but losing legitimacy slowly, as reality leaks out through energy bills, shuttered factories, empty arsenals, and mortgaged futures. Russia was reality of cheap energy supply which caused the Mercantile economy of Germany to become the engine that carried Europe. With its’ loss came fate!
This is not just Europe’s crisis. It is civilizational. Europe is at risk of losing centuries of history and struggle for an Empire aspiration that was a myth. This is further aggravated by years of misguided immigration where the newer Muslims into Europe do not integrate into society as previous ones did.
A system that no longer can produce, cannot replenish, cannot tell the truth, and cannot retreat without collapsing credibility has reached its limits. When leaders begin preparing their own institutions for worse years ahead, they are not forecasting inconvenience. They are conceding structure.
Meloni’s remark mattered because it pierced the public performance. Empires announce triumph loudly. Systems in decline lower expectations quietly, or loudly in Meloni’s case. The real question not just for Europeans but the entire West World is whether people are ready to face what this means? Because time waits for NO ONE. And the realities of Europe will affect many other nations and people outside of the EU.
The question going into 2026 is how the world will position itself. Because once seen, no party can choose to ignore what is clear for one’s own sake. At no time in modern history has the world been faced with realities found today. Even the harsher standards on travel, digital currencies and ID etc. will have many secondary impacts as tourism sees decline. How life changes in such countries will greatly impact their economies and living standards.
Do reflect during the coming days the realities of this time as tomorrow will not be what yesterday was and there is no specific roadmap because change will be a constant over the next several years.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
TBN ISRAEL/LAST 24 HR
ISRAEL VS HAMAS
Hamas reavealing a new Abu Obeida shows it has no intention to disarm, IDF sources say
Hamas finally breaks its silence on Abu Obeida’s elimination, debuting a masked successor to lead its psychological war. The IDF was not surprised by the move; it had expected it.
Hamas’s new military spokesman, whose name is yet to be revealed.(photo credit: Screenshot/Telegram, SECTION 27A COPYRIGHT ACT)ByAMIR BOHBOTDECEMBER 30, 2025 13:53Updated: DECEMBER 30, 2025 14:44
The military wing of Hamas officially announced the death of the spokesman Abu Obeida on Monday, who was eliminated last August, and revealed his replacement. Although a photo of the new spokesman was published, his name has not yet been disclosed. The IDF was not surprised by the new appointment, saying it is part of moves to change the face of Hamas’s leadership.
Hamas’s military wing officially announced the death of the spokesman Abu Obeida, who was eliminated last August. With the confirmation of his elimination, the terrorist organization revealed his replacement, the new spokesman of the military wing. The organization published the photo of the new spokesman, but did not disclose his name.
The IDF was not surprised by the appointment announcement of Hamas’s military wing, and according to military sources, the move was expected. One source said the decision to appoint a successor to Abu Obeida is part of a broader process toward holding internal elections within the Hamas leadership.
It was further stated that, alongside the appointment, Hamas seeks to continue rehabilitating the military wing, and therefore, in its statement, hinted that it has no intention of disarming despite American and Israeli pressures and those of the mediators.
Another military source said that the idea of concealing the figure of the new spokesman and wrapping his face in a keffiyeh is part of the psychological warfare that also characterized the previous spokesman, Abu Obeida, who the security establishment eliminated. It can be assessed that the incoming spokesman will also be in the sights of the security establishment, and that until his identity is exposed, it is only a matter of time.
Abu Obeida was the spokesman of Hamas’s military wing and considered the second most influential figure in Hamas in the Gaza Strip, and he stands behind the shattering psychological-warfare mechanism of October 7 and afterwards.
The new spokesperson confirmed that he has “inherited” the nom de guerre of “Abu Obeida,” literally “father of the worshipers,” from the previous spokesperson, who was legally named Huthayfa Samir Abdallah al-Kahlout.
Timing around the announcement and Hamas elections
Hamas’s announcement came against the backdrop of Prime Minister Benjamin Netanyahu’s trip to the United States for his meeting with US President Donald Trump, where, among other things, they also discussed moving to phase B of the deal in Gaza.
Over the weekend, it was reported that Hamas plans to hold elections for the leadership of the organization soon, in which a replacement will be chosen for the leader and head of the political bureau, Yahya Sinwar, who was eliminated more than a year ago, sources close to the Hamas leadership told the Saudi newspaper Asharq.
The sources said that the organization has begun preparations for elections to choose the head of the political bureau within the framework of the General Shura Council, numbering about 50 members representing three arenas: the Gaza Strip, the West Bank, and abroad. They expect the elections to be held within a few days to several weeks.
The frontrunners are believed to be Khalil al-Hayya and Khaled Mashaal.
James Genn contributed to this report.
IRAN
trading is now 1.42 million rials to the dollar. They cannot even buy bread and eggs
(JurusalemPost)
Protests erupt across Iran as collapsing rial sparks unrest, regime blames ‘enemy’ influence
Clashes have reportedly broken out across multiple streets in Tehran, with authorities using tear gas to disperse the protesters.
An Iranian protester sits on a road, blocking Iranian authorities during a mass protests in Tehran, December 29, 2025(photo credit: SECTION 27A COPYRIGHT ACT)ByDANIELLE GREYMAN-KENNARDDECEMBER 29, 2025 17:03Updated: DECEMBER 29, 2025 22:51
A second day of protests in Iran raged on Monday as demonstrators voiced anger over the rapidly falling value of the rial. Regime officials blamed the unrest and broader economic decline on “enemy psychological warfare.”
Shopkeepers in Tehran closed their stores, and mass demonstrations broke out in response to the rial’s fall. Clashes reportedly occurred across multiple streets in Tehran, with authorities using tear gas to disperse the protesters, according to footage of the events.
Iranian officials blame ‘enemy’ for protests against declining rial value
Islamic Revolutionary Guard Corps (IRGC) Brig.-Gen. Ali Akbar Pourjamshidian, the security and law-enforcement deputy to the interior minister, blamed the fluctuations in foreign-exchange markets on “enemy inducements.”
“In my opinion, a large part of the currency problems and fluctuations is affected by the psychological atmosphere of the market,” he was quoted as saying. “The enemy is desperately seeking to take advantage of the created atmosphere. People should be aware of this issue and not be influenced by the enemy’s insinuations. The market should continue its work peacefully, and people should not worry.”
The IRGC attributed the dissent to “cognitive warfare, psychological operations, and narrative creation.”
“Despair, instilling fear, and encouraging surrender to the enemy in the current circumstances are clear examples of seditious behavior,” it said.
Iran’s semiofficial Tasnim News Agency said the protests were in part fueled by accounts associated with the “Zionist regime.”
The rial slipped to the lowest level in its history at the beginning of December, nearing 1,250,000 to the US dollar at the open-market rate.
Iran appoints former economy minister to head central back, despite previous impeachment
On Monday, the regime appointed former economy minister Abdolnaser Hemmati as the new head of the central bank. His predecessor was impeached in March due to surging inflation. Hemmati previously served in the position from 2018 to 2021.
Iran’s parliament voted 182-89 in favor of impeachment, and dissident reports indicate that Hemmati’s reappointment has fueled protesters’ anger.
In the eight months Hemmati was economy minister, the rial lost nearly half its value against the dollar, according to some estimates.
Iranian state media also blamed the government’s recent economic liberalization policies for adding pressure to the open-market rate.
More than the rial: Protesters raise political issues in Tehran protests
The protests follow the regime’s decision to raise the cost of subsidized fuel. The increase in Iran’s gasoline price had long been postponed amid concerns it could spark a repeat of the widespread protests seen in 2019, which were crushed by the state.
Iran’s economy is at risk of recession, with the World Bank forecasting an economic shrinkage of 1.7% in 2025 and 2.8% in 2026. The risk is compounded by rising inflation, with Iran’s Statistical Center announcing monthly inflation of 48.6% in October, the highest in 40 months.
In addition to the economic issues, demonstrators chanted support for exiled Iranian Crown Prince Reza Pahlavi.
“May Reza Shah’s soul be happy,” and “This is not the last battle, Pahlavi will return” were chanted, according to recordings circulating online.
Pahlavi backed the protests, with a message to his followers on social media.
“I send my greetings to you, the bazaar merchants, and the people who have taken the streets into their own hands,” he said in a video message. “As long as this regime remains in power, the country’s economic situation will continue to deteriorate.”
END
ISRAEL VS IRAN//USA
Trump-Bibi Meeting: US Will “Knock The Hell” Out Of Iran If Nuke Sites Rebuilt
Monday, Dec 29, 2025 – 04:40 PM
Among the more notable moments during President Trump’s visit with Israeli Prime Minister Benjamin Netanyahu while hosting him at the Mar-a-Lago resort Monday, came when the two discussed potential future military action against Iran.
Trump threatened to “knock the hell” out of Iran if the country starts rebuilding its nuclear program again, after the US major June ‘bunker-busting’ strikes on three nuclear facilities as part of the June war.
Trump warned that the US would “have to knock them down” if there are any signs of reconstruction at either Fordow, Natanz, or Isfahan.
He said the following while standing beside his close Israeli ally Netanyahu:
“Now I hear that Iran is trying to build up again,” Trump said. “And if they are we’re going to have to knock them down.”
“We’ll knock the hell out of them,” Trump added. “But hopefully that’s not happening.”
This is music to Netanyahu’s ears, also as he reportedly pressed his US counterpart on greenlighting possible new strikes on Iranian ballistic missile sites, which Israel says constitutes a threat to the whole region.
Another interesting moment came when Trump encouraged Israel to “get along” with Syria, after constant and ongoing military incursions into Syrian territory.
Somewhat comically, Trump said: “The new President of Syria is working very hard to do a good job, he really is… You’re not going to get a choir boy to lead Syria… So, I hope they’re going to get along.”
‘Choir boy’ likely alludes to the fact that President Ahmed Sharaa is the founder of al-Qaeda in Syria, and once was even the envoy of the head of ISIS.
When Assad was overthrown in December of last year, this took out a major player in the ‘pro-Iran axis’ in the region, and removed a big problem for Israel. Of course, Syria also had the best Russian-made anti-air defenses in the whole region. But now Syria is fragmented and weak, and easier for Israel to control, just as Netanyahu and the US-Gulf axis desired.
As for Gaza, the two leaders agreed that there should be a deal to continue the Gaza ceasefire “quickly” – but it remains that disarming Hamas is the main sticking point.
But this is easier said than done, as Hamas still has enough armed members to keep an insurgency going, even if on a small scale, possibly for years to come.
RUSSIA VS UKRAINE
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUE
GLOBAL ISSUES
MARK CRISPIN MILLER
DR PAUL ALEXANDER
NEWSWIZE
| LATEST REPORTS FOR NEWS JUNKIESNEW: ‘Charlie Kirk’ Was The Top Google Search Term In 2025In December 2025, Google released its annual Year in Search report for the United States, revealing that “Charlie Kirk” topped the list of trending searches. This ranking placed him ahead of major events and topics, including the “One Big Beautiful Bill Act,” a prolonged government shutdown, and popular entertainment releases like the Netflix film “K-Pop Demon Hunters.” The surge in …READ THE FULL REPORTPressure Mounts On Tim Walz After Staggering Report On Minnesota FraudAn increasing number of Minnesota residents, as well as state and national public officials, are calling for Minnesota Governor Tim Walz to face consequences over the state’s multi-billion-dollar fraud schemes. Questions are mounting over Walz’s oversight of state-funded programs, particularly those involving child care, nutrition assistance, and Medicaid services. This follows reports of widespread fraud in programs administered by the …READ THE FULL REPORTJUST IN: Search Underway After Two Helicopters Collide Mid-AirSearch and rescue operations are underway after two helicopters collided mid-air in southeastern New Jersey on Sunday morning. The collision occurred near Hammonton, Atlantic County, New Jersey, in the area of 100 Basin Road, close to the intersection of White Horse Pike and Route 206, according to a report from Channel 2 Now. Two helicopters reportedly collided mid-air, causing both …READ THE FULL REPORTNEW: Coinbase Employee Arrested In Connection With $400 Million Cryptocurrency HeistCoinbase CEO Brian Armstrong on Friday announced the arrest of a former customer service agent in India in connection with a major data breach that occurred earlier in the year. The incident, which Coinbase estimated could cost up to $400 million to remedy, involved the theft of sensitive customer information through insider bribery. The arrest was carried out by the …READ THE FULL REPORTREPORT: Soros Network Pumps Significant Funds Into Letitia James’ Re-Election CampaignNew York Attorney General Letitia James has received financial support from billionaire leftist financier George Soros and members of his family for her political campaigns, including her expected reelection bid in 2026. According to records from the New York State Board of Elections, Soros and his family have contributed more than $71,000 to James since 2019. This includes $31,000 specifically …READ THE FULL REPORT |
MICHAEL EVERY/OR OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL\
OIL
Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack
Tuesday, Dec 30, 2025 – 06:30 AM
By Charles Kennedy of OilPrice.com,
Following the Ukrainian drone attack that damaged a key export terminal on Russia’s Black Sea at end-November, Kazakhstan’s crude and condensate production has fallen by 6% so far in December compared to the average output in November, an anonymous industry source told Reuters on Monday.
A Ukrainian attack damaged infrastructure through which the Caspian Pipeline Consortium (CPC) exports most of Kazakhstan’s oil near the Russian port of Novorossiysk on the Black Sea.
Oil has continued to flow, but at lower rates, while Kazakhstan sought to re-route some exports away from the Black Sea to keep supply relatively steady.
CPC operates the pipeline from the Caspian coast in northwest Kazakhstan to the Novorossiysk port, which handles 80% of Kazakhstan’s crude exports from giant oilfields operated by international oil firms.
Affiliates of Chevron and ExxonMobil are also minority shareholders in CPC, with the Russian Federation as its largest shareholder with a 24% stake.
As a result of the damaged infrastructure at the CPC export terminal, crude and gas condensate output from Kazakhstan dropped by 6% between December 1 and 28, down compared to an average of 1.93 million barrels per day (bpd) in November, according to Reuters’ source.
Production at the giant Tengiz oilfield on the Caspian Sea, operated by a consortium led by Chevron, has also fallen this month. Output dipped by 10% to 719,800 bpd in the period December 1 through December 28, the source told the publication.
Earlier this month, Kazakhstan said it would reroute some of the oil from at its giant Kashagan oilfield toward China.
In view of urgent repairs at one of three single-point moorings and deferred loadings, Kazakhstan works on rerouting part of its crude exports, Kazakhstan’s Energy Ministry told Reuters nearly three weeks ago.
Kazakhstan is also diverting more of its westbound exports to the Baku-Tbilisi-Ceyhan (BTC) pipeline to the Turkish Mediterranean coast after the attack, multiple industry sources told Reuters in early December.
end
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
VENEZUELA/USA
CIA Drone Carried Out First Known Land Strike On Venezuela
Tuesday, Dec 30, 2025 – 09:35 AM
The CIA is reported to have carried out a bombing operation within Venezuelan territory, CNN and The New York Times report in follow-up to President Trump touting that the US had knocked out “a big facility”.
CNN while citing unnamed sources, reports that the CIA conducted a drone strike on a remote dock along Venezuela’s coastline, after the US suspected the site was being used to store and transport illegal drugs, and which were supposedly bound for America.
Reports indicate the location was unoccupied at the time of the strike, which occurred earlier this month. The New York Times published a similar account based on anonymous sources, specifying that the operation took place last Wednesday.
As we detailed, President Trump had on Friday in a radio interview disclosed something which missed the attention of the US and global media. He let slip that a large land site had been knocked out by a strike from US forces in the Caribbean.
Trump may have actually assumed the attack which he disclosed publicly for the first time was already being reported on, but it had not. He was being interviewed by John Catsimatidis, the Republican billionaire who owns the WABC radio station in New York on his The Cats & Cosby Show, and the two were talking about the Venezuela campaign.
“They have a big plant or a big facility where the ships come from,” Trump said, though he did not explicitly identify the exact location or even country attacked. “Two nights ago we knocked that out.”
Interestingly, the remarks generated almost no headlines for much of that weekend. But by Monday he expanded on those remarks during a press conference, saying the target was located on Venezuela’s coast and that a “major explosion” occurred at a dock where boats were supposedly loaded with drugs.
“There was a major explosion in the dock area where they load the boats up with drugs,” he told reporters at Mar-a-Lago, his club and residence in Florida.
“They load the boats up with drugs. So we hit all the boats, and now we hit the area. It’s the implementation area, that’s where they implement, and that is no longer around.”
But even after this, neither CIA, nor White House, nor Pentagon would comment. Even more strange was that Venezuelan officials themselves have also remained silent, issuing no public statements regarding the alleged attack. It is perhaps the case they don’t want the population to panic, or else don’t want to give acknowledgement of a successful land strike by Washington.
Speculation has persisted an effort to identify which facility was hit and what damage was done. Some analysts have highlighted a ‘mystery’ explosion at an industrial zone in San Francisco municipality, Zulia state, given the timing fits (Wednesday, Dec. 24).
San Francisco Venezuela’s second largest city, in the northwest corner of the country, and near the coast. However, local reports also suggest the likelihood the fire was sparked by an electrical accident.
But it is also clear the CIA is active in Venezuela, given White House authorized lethal CIA missions targeting the Latin American country in October – though these may have been occurring long before then.
The American president has also ordered a naval blockade targeting Venezuelan oil exports, with US forces already having seized two tankers transporting Venezuelan crude in international waters, while a third ship reportedly avoided boarding and continued into the Atlantic.
The Pentagon is seeking to enforce what has been described as a “quarantine” of Venezuelan oil over the coming months to further strain the country’s economy. Amid all of this, there’s a likelihood of yet more land strikes to come.
end
VENEZUELA/USA
US Reaches 30th Strike In Boat Bombing Campaign Ahead Of New Year
Tuesday, Dec 30, 2025 – 12:05 PM
As the world gets ready to usher in a new year, the US military campaign against Venezuela has reached another grim milestone. American forces carried out their latest airstrike on a vessel accused of drug trafficking in Latin American waters on Monday.
The operation announced by US Southern Command (SOUTHCOM) represents the 30th strike since the campaign began on September 2.
The official US announcement indicated the boat was struck in the eastern Pacific Ocean – so the ‘other side’ opposite the Caribbean, which is certainly not the first in this area.
Officials claimed the strike resulted in the deaths of two individuals labeled as “narco-terrorists” – which has been used of the Trump administration to defend lethal actions at sea carried out without judicial proceedings, or so much as a warning.
Analysts have tallied that the number people killed by US military actions at sea connected to the Venezuela campaign has risen to 107 with this latest strike.
Meanwhile the NY Times has begun documenting the “Grim Evidence of Trump’s Airstrikes” which has “Washed Ashore a Colombian Peninsula”:
A thunderous boom rang out through the windless late-afternoon air. Seconds later, smoke began rising out of the sea as if the horizon were on fire.
Watching from the shore on Nov. 6, Erika Palacio Fernández whipped out her phone, she said, unwittingly recording the only verified and independent video known to date of the aftermath of an airstrike in the Trump administration’s campaign against what it calls “narco-terrorists.”
Two days later, on that same shore, a scorched 30-foot-long boat itself would wash up. Then, two mangled bodies. Then charred jerrycans, life jackets and dozens of packets that were observed by The New York Times and were similar to others that have been found after anti-narcotics operations in the region. Most packets were empty, though traces of a substance that looked and smelled like marijuana were found in the lining of a few.
A $30 million Reaper drone launched from a $1 billion navy frigate… all to take out a little wooden boat lined with marijuana packets?
…And backed by an unprecedented US forces build-up in these waters which is costing the American taxpayers some $18 million per day according to various rough estimates. Some sources assert much higher figures per day and per week, and that the cost will soar the longer the deployments go on…
This underscores why many people within Trump’s own MAGA base have been against this whole operation and military build-up in the Caribbean which seems set on pursuing regime change against Maduro.
There’s also the fact that so long as the USS Gerald R. Ford carrier group is patrolling waters off Venezuela and is busy “facing down” what amounts to a third world army lacking in adequate arms and equipment, this one of just 11 operational supercarriers is absent from other parts of the world it might actually be needed in America’s defense.
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS TUESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.17671 DOWN 0.0005 PTS OR 5 BASIS POINTS/WITH STOCKS IN EUROPE ALL GREEN
USA/ YEN 155.30DOWN 0.087NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS AGAIN DEC 2024/Bank of Japan raises rates by .25% TO 1.75 ..TAKAICHI NEW PM AS YIELDS RISE//JAPAN DEEPLY IN TROUBLE WITH RISING RATES AND A FALLING YEN!!
GBP/USA 1.3517 UP 0.0008 OR 8 BASIS PTS
USA/CAN DOLLAR: 1.3683 DOWN 0.0005 CDN DOLLAR UP 5 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED DOWN 0.160PTS OR 0.00%
Hang Seng CLOSED UP 219.37 PTS OR 0.98%
AUSTRALIA CLOSED DOWN .29%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 219.37PTS OR 0.98%
/SHANGHAI CLOSED DOWN 0.16 POINTS OR 0.00%
AUSTRALIA BOURSE CLOSED DOWN 0.29%
(Nikkei (Japan) CLOSED DOWN 183.42PTS OR 0.36%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 4373.50
silver:$74.65
USA dollar index early TUESDAY morning: 97.70 DOWN 2BASIS POINTS FROM MONDAY’s CLOSE
TUESDAY MORNING NUMBERS ENDS
And now your closing TUESDAY NUMBERS 11: 30 AM
Portuguese 10 year bond yield: 3.152 % UP 4 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.080% UP 4 FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.410 DOWN 3 BASIS PTS//DEADLY
SPANISH 10 YR BOND YIELD: 3.288 UP 3 in basis points yield
ITALIAN 10 YR BOND YIELD 3.510 UP 5 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.8590 UP 4 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY TUESDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1759 DOWN 0.0012 OR 12 basis points
USA/Japan: 156.23 UP 0.246 OR YEN IS DOWN 25 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 4.4970 UP 0 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.217 DOWN 0 BASIS POINTS.
Canadian dollar DOWN 0.0011 OR 11 BASIS pts to 1.3698
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The USA/Yuan CNY UP AT 6.9936 ON SHORE ..
THE USA/YUAN OFFSHORE// CNH UP TO 6.9893
TURKISH LIRA: 42.95 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +2.080 UP 4 FULL basis pts
THE 30 YR JAPANESE BOND YIELD: 3.416 DOWN 2 basis pts
Your closing 10 yr US bond yield UP 2 in basis points from MONDAY at 4.134% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.816 UP 1 basis points /11:00 AM
USA 2 YR BOND YIELD: 3.463 UP 0 BASIS PTS.
GOLD AT 10;00 AM 4387.50
SILVER AT 10;00: 76.19
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates:TUESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 74.18 PTS OR 0.75%
GERMAN DAX: UP 139.29 PTS OR 0.57%
FRANCE: CLOSED UP 56.13 PTS OR 0.69%
Spain IBEX CLOSED UP 109.10 PTS OR 0.93%
Italian MIB: CLOSED UP 506.53 PTS OR 1.24%
WTI Oil price 58.35 10.00 EST/
Brent Oil: 61.73 10:00 EST
USA /RUSSIAN ROUBLE /// AT: 79.33 ROUBLE DOWN 0 AND 83/ 100
CDN 10 YEAR RATE: 3.417 UP 1 BASIS PTS.
CDN 5 YEAR RATE: 2.950 UP 1 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1796 DOWN 0.0026 OR 26 BASIS POINTS//
British Pound: 1.3407 DOWN 0.0041 OR 41 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.4970 DOWN 1 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.228 UP 1 IN BASIS PTS.
JAPAN 10 YR YIELD: 2.071 UP 2 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.405 DOWN 3 PTS AND STILL VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 156.42 UP 0.434 OR YEN DOWN 43 BASIS PTS EXTREMELY DANGEROUS/YEN FALLING DEEPLY IN VALUE
USA dollar vs Canadian dollar: 1.3694 UP 0.0007 PTS// CDN DOLLAR DOWN 7 BASIS PTS
West Texas intermediate oil: 57.91
Brent OIL: 61.26
USA 10 yr bond yield UP 1 BASIS pts to 4.127
USA 30 yr bond yield UP 1 PTS to 4.807%
USA 2 YR BOND 3.452 DOWN 1 PTS
CDN 10 YR RATE 3.412 UP 2 BASIS PTS
CDN 5 YEAR RATE: 2.945 UP 2 BASIS PTS
USA dollar index: 97.95 UP 21 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 42.95 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 79.50 DOWN 1 AND 00/100 roubles //
GOLD $4,348,90(3:30 PM)
SILVER: 76.61 3;30 PM)
DOW JONES INDUSTRIAL AVERAGE: DOWN 94.87 OR 0.20 %
NASDAQ 100 DOWN 55.27 PTS OR 0.28%
VOLATILITY INDEX 14.33 UP 0.13 PTS OR 0.92.%
GLD: $ 398.89 UP 0.29 PTS OR 0.07%
SLV/ $68.98 UP 2.97 PTS OR OR 4.50%
TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 30.33 PTS OR 0.095%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
Bitcoin & Bullion Bounce Back From Bloodbathery, Stocks Snooze As Santa Surge Stalls
WRAP UP
USA DATA RELEASES
“Stark Reversal” From Pandemic: US Home Price Growth Slowest Since Q2 2023
Tuesday, Dec 30, 2025 – 09:08 AM
Home prices in America’s largest 20 cities surged 0.32% MoM in October (far higher than the +0.1% MoM move expected) but for context, this is the weakest annual home price growth since the March through July 2023 period, when the market was absorbing the initial shock of the Fed’s rapid rate hikes
Source: Bloomberg
“October’s data show the housing market settling into a much slower gear, with the National Composite Index up only about 1.4% year over year – among the weakest performances since mid-2023,” said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.
“This broad stagnation suggests that elevated mortgage rates – still hovering around the mid-6% range in late October – are finally overwhelming the market’s earlier supply-driven resilience. Would-be buyers are facing the highest borrowing costs in decades, and that affordability squeeze has curbed demand enough to erode price momentum across most of the country.”
But could be set to improve in the (lagged) months ahead…
Source: Bloomberg
Regional performance underscores a striking geographic rotation.
- Chicago now leads all major markets with a 5.8% annual price gain, followed by New York at 5.0% and Cleveland at 4.1%. These traditionally stable Midwestern and Northeastern metros have sustained solid growth even as broader conditions soften.
- By contrast, Tampa home prices are down 4.2% year over year – the steepest drop among the 20 cities, marking Tampa’s 12th consecutive month of annual declines. Other former highflyers in the Sun Belt are similarly struggling: Phoenix (-1.5%), Dallas (-1.5%), and Miami (-1.1%) all remain in negative territory.
As Godec notes, “it’s a stark reversal from the pandemic boom, as the markets that were once ‘pandemic darlings’ are now seeing the sharpest corrections while more traditional metros continue to post modest gains.”
end
FOMC Minutes Confirm ‘Most’ Fed Officials Expect More Rate-Cuts, Divisions Remain
by Tyler Durden
Tuesday, Dec 30, 2025 – 02:05 PM
Since the last FOMC meeting on Dec 10th (which resulted in a more-dovish-than-expected 25bps rate cut along with 3 dissents), precious metals have been the biggest gainers (as the dollar weakened) while crude oil has been a laggard. Stocks small bid, bonds unch…
Source: Bloomberg
Crypto has notably decoupled from gold and stocks
Source: Bloomberg
Rate-cut odds have risen significantly, most notably March…
Source: Bloomberg
With a very divided Fed having been exposed (the most dissents in 37 years), the outlook is unclear, but the demanding markets are not…
“I joke that the equity market is like a kid in a candy store, braving a sugar high for more policy accommodation, a more dovish Fed — but it doesn’t know what’s good for it,” said Amanda Agati, PNC Asset Management Group’s chief investment officer said on Bloomberg Television on Tuesday.
“The bond market is the adult in the room taking away the last lollipop. It is maybe the first time in observable market history that we’re seeing the market react to the deficit and debt level concern. I think there’s continued upward pressure on long yields, for sure.”
Given the lack of major catalysts and with news flow and trading volumes generally low, investors will focus on the Fed’s release of meeting minutes as the market remains notably more dovish than The Fed’s Dots…
“Markets are looking to the minutes for clearer signals on the Federal Reserve’s policy trajectory in 2026, at a time when year-end liquidity is thin, and price action may be amplified,” Tickmill Group’s Joseph Dahrieh says in a note.
If the minutes lean decisively towards further interest-rate cuts in 2026, this could weigh on the dollar and Treasury yields, he added.
A more balanced or cautious tone about rate cuts could provide near-term support.
“How divided?” and “What about ‘Not QE’?”
So what did The Fed want us to know?
The minutes underscored the deep split on the 19-member policymaking committee over what constitutes the biggest threat to the economy: weak hiring or stubbornly-elevated inflation.
Most officials see additional interest rate cuts as appropriate if inflation declines over time as expected.
Yet, some officials made clear they believe rates should remain on hold “for some time” after the December gathering.
The minutes showed that even some Fed officials who supported the rate cut did so with reservations.
“A few of those who supported lowering the policy rate at this meeting indicated that the decision was finely balanced or that they could have supported keeping the target range unchanged,” the minutes said.
But, that statement suggests the division was not as deep as some have suggested.
The minutes continued to point to considerable differences among policymakers over whether inflation or unemployment posed the greater peril to the US economy.
“Most participants noted that a move toward a more neutral policy stance would help forestall the possibility of a major deterioration in labor market conditions,” the minutes noted.
At the same time, it continued, “several participants pointed to the risk of higher inflation becoming entrenched and suggested that lowering the policy rate further in the context of elevated inflation readings could be misinterpreted as implying diminished policymaker commitment to the 2% inflation objective.”
Finally, the Minutes confirmed that participants judged that reserve balances had “declined to ample levels” – making it appropriate to initiate purchases of shorter-term Treasury securities to maintain an ample supply of reserves over time.
For now, the markets are unmoved by any of this with rate-cut odds unchanged and stocks aggressively going nowhere.
Read the full FOMC Minutes below:
USA ECONOMIC COMMENTARIES
VICTOR DAVIS HANSON
KING NEWS
| he King Report December 30, 2025 Issue 7649 | Independent View of the News |
| We noted in our Monday missive that someone assaulted gold and silver on Sunday night. A robust rebound after the first assault led to a second assault. After a moderate rebound and six hours of sideways trading, a more aggressive assault appeared near 8:30 ET. Rumors spread that a “a systemically important bank, a major player in Silver Futures, failed to pay its Margin Call by 2:00 AM and was liquidated by the futures exchange at 2:47 AM eastern US time…” Surging silver and gold slide after CME raises margin requirements Silver and gold futures are falling sharply after the Chicago Mercantile Exchange, one of the world’s largest trading floors for commodities, required traders to put up more cash to invest in precious metals https://abcnews.go.com/Business/wireStory/surging-silver-gold-slide-after-cme-raises-margin-128752589 CME margin hike notice: https://x.com/Malone_Wealth/status/2005534686542741928/photo/1 @PolymarketMoney at 9:38 AM (ET) on Mon, Dec 29, 2025: Odds of a US bank failure spiked to 71% on reports that “a systemically important bank collapsed at 2:47AM Sunday.” https://t.co/rgm8ntx5yo @CyclesFan: Silver – The intraday high was $84.03. The intraday low so far is $70.52. That’s a daily range of 16.08%. The last time the daily range was as big as that was on August 11, 2020. The daily range was 16.67%. https://t.co/yaIk56ye0H Dec Gold fell from a high of 4581.30 (+28.60) at 18:00 ET to 4316.00 (-236.60) at 10:22 ET. The KBW Bank Index was -1.05% at 11:40 ET. KRE (Regional Bank ETF) was -1.05% at 11:00 ET. Fangs declined sharply early. NVDA was -2.42% at 9:31 ET; Tesla was -2.9% at 10:06 ET. ESHs vacillated between small losses and gains from the Nikkei opening on Monday until they broke lower after 20:34 ET. ESHs then plodded lower until they hit a daily low of 6942.25 at 9:14 ET. Conditioned buying for the NYSE opening and Monday Rally and the Santa Rally pushed ESHs to 6967.25 at 9:33 ET. The pro dump appeared three minutes after the NYSE opening. Persistent selling pushed ESHs down to a daily low of 6936.00 (-48.75) at 12:36 ET. Materials, Techs and Banks led the decline. ESHs had an elongated A-B-C rally to 6962.50 at 15:15 ET. Late selling pushed ESHs down to 6950.75 at 15:59 ET. @GlobalMktObserv: This has never happened outside of US recessions: The US unemployment rate has risen +1.2 percentage points over the last 30 months, to 4.6%, the highest level in 4 years. In the past, such an increase has only occurred during economic downturns. https://t.co/cNUwRvpJts Netanyahu to brief Trump on Iran attack plans, officials say The report indicates that Israel is becoming increasingly alarmed that Iran is reconstructing and potentially expanding its ballistic missile manufacturing capabilities following the nations’ 12-day conflict in June. Israeli authorities are also troubled by Iran’s efforts to restore nuclear enrichment facilities that were targeted by U.S. bombing campaigns in June, sources revealed… https://www.msn.com/en-us/news/world/netanyahu-to-brief-trump-on-iran-attack-plans-officials-say/ar-AA1SKKaU Trump: Would Support Fast Attack on Iran If It Continues Nuclear Buildup – BBG “Now I hear that Iran is trying to build up again. And if they are, we’re gonna have to knock them down. We’ll knock the hell out of them. But hopefully that’s not happening.” @EliAfriatISR: Reports of Iranian citizens now taking to the streets in Tabriz in parallel with demonstrations in Tehran against the regime. https://x.com/EliAfriatISR/status/2005409231588221406 Protests Erupt in Iran’s Capital as Rial Drops to a Record Low – BBG …pushing up food prices and deepening an economic crisis… China stages military drills around Taiwan to warn ‘external forces’ after US, Japan tensions https://t.co/MoLTf5E7Lz Trump Says US Struck Drug Boat Loading Docks in Venezuela – BBG Positive aspects of previous session USHs rallied as much as 19/32. Negative aspects of previous session Stocks declined moderately when they should have rallied. Banks and tech led the decline. Ambiguous aspects of previous session Precious metals got hammered on determined manipulation. WHY? Is a US bank in trouble? 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]: 6904.90 Previous session S&P 500 Index High/Low: 6920.21; 6888.76 Trump said he’s considering bringing a lawsuit against Jay Powell for “gross incompetence” over the renovations of Federal Reserve Buildings in Washington, DC. When is ‘enough’ enough? Today – Traders will play for a Turnaround Tuesday to the upside and 2025 performance gaming on the penultimate session of 2025. Will rumors about a bank in trouble resurface? Warren Buffett retires as Berkshire Hathaway CEO tomorrow. Expected economic data: Oct FHFA House Price Index 0.1% m/m; Oct S7p Cotality 20-city home prices 0.15% m/m & 1.1% y/y; Dec Chicago PMI 39.8; FOMC Minutes from Dec 10 14:00 ET ESHs are -4.00; NQHs are -30.50; Feb AU is +4.30; March SI is +1.73; and USHs are +5/32 at 20:10 ET. S&P Index 50-day MA: 6796; 100-day MA: 6677; 150-day MA: 6504; 200-day MA: 6274 DJIA 50-day MA: 47,476; 100-day MA: 46,579; 150-day MA: 45,580; 200-day MA: 44,444 (Green is positive slope; Red is negative slope) S&P 500 Index (6905.74 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 6829.08 triggers a sell signal Hourly: Trender and MACD are negative – a close above 6916.02 triggers a buy signal ‘Ten-year stain:’ Bondi asks prosecutors to probe Obama-Biden lawfare as criminal conspiracy https://justthenews.com/accountability/political-ethics/monten-year-stain-pam-bondi-has-asked-prosecutors-probe-decade @newsbusters: MS NOW’s nutty professor Jason Johnson: Trump’s strikes on Nigerian terrorists are racist. https://x.com/newsbusters/status/2005732199018987709 @TomBevanRCP: Still no coverage in NYT, WaPo, CNN, or Minneapolis Star-Tribune of massive fraud being uncovered in Minnesota. The media’s willingness to ignore stories that hurt Democrats is truly astonishing. DHS launches ‘DOOR TO DOOR’ search for illegal immigrants at accused fraud sites in Minneapolis https://trib.al/lNpHKIc @townhallcom: Tim Walz is SCARED! He’s already labeling journalist Nick Shirley a “White Supremacist Racist” for exposing over $100 million dollars worth of fraud in Minnesota. BYE BYE, TIMMY! https://t.co/VzyvJv5mvE @elonmusk: Just stop caring whether they call you racist or not. They do that to scare away inquiries. Doing so used to work, but not anymore. Fraud is fraud and it doesn’t matter what race someone is. Kaizen D. Asiedu @thatsKAIZEN: People being afraid of looking racist is a bigger problem than actual racism in modern America. @Breaking911: Tim Waltz calls fraud investigation” white supremacy.” https://x.com/Breaking911/status/2005679137445540255 @ashleyhayek: By calling Nick Shirley fascist, Tim Walz is signaling to the left wing extremists to target and attack him. This rhetoric is dangerous. It’s what gets people hurt. @nickshirleyy: Calling people “white supremist”, “racist”, “Nazi”, and “fascist” used to work… It’s a deflection tactic that they use to make people turn the other way. It doesn’t work anymore. @CynicalPublius: RE: Fraud in Minnesota I’m not sure that most Americans understand that in large swathes of humanity, there is no actual concept of “fraud,” particularly fraud against the government. Instead, there is a belief in the virtue of getting away with what you can to help yourself and your tribe… As a US Army officer with a big checkbook courtesy of Uncle Sam, I can’t really count the sheer number of times I was offered bribes to award a contract, or falsify records to do things like create larger (fake) headcounts at places like dining facilities, or to just simply be on the take… So when we import people en masse from cultures that accept bribery and fraud as routine, acceptable ways to advance one’s tribe, we should not be surprised that things like the $8 BILLION fraud schemes of the Somali population in Minnesota happen so easily… When you see and hear patriotic Americans decrying what is happening in Minnesota or elsewhere, and when they seek deportation of the offenders, it is not “racism,” it is not “bigotry,” it is not “xenophobia”; it is preserving the American tradition of responsible institutions and national integrity. ELON MUSK: “The single biggest thing Democrats are worried about is turning off fraudulent payments to illegals … By using entitlements fraud, the Democrats have been able to attract and retain vast numbers of illegal immigrants and buy voters.” https://x.com/TheChiefNerd/status/2004962259190382714 @FischerKing64: The Trump administration will be judged on immigration – the central issue that got him elected. If he can’t make major progress on mass deportations – undoing the Biden open border of 10-20 million illegals – he will be a failure. So far, it’s underwhelming. It’s really a question of sovereignty. If a POTUS cannot undo the damage of his predecessors – elections don’t even make sense. You have to run over the courts on something this essential. Lincoln had balls. Trump needs to do more than sell meme coins. With all the existential domestic threats to the US, Trump is still spending most of his time and political capital on foreign affairs, ala George HW Bush. Trumpp-related headlines and remarks included these foreign entities: Russia, Ukraine, Israel, Hamas, Iran, China, Taiwan, Venezuela, Mexico, and Turkey. Poll: Nearly half of Americans say their financial security is worsening A Harris Poll published in The Guardian on Monday found that 45% of Americans believe their financial security is getting worse. Just 20% of respondents said their financial security is improving, the poll finds… https://finance.yahoo.com/news/poll-nearly-half-americans-financial-152055345.html @WallStreetApes: Democrat paid protester Nate Knopf is getting paid $80,000-$100,000 per year to protest. Paid protester and protest organizer job positions also discovered. Protesters can earn over $100,000 per year, get health benefits and even paid days off. David Khait exposes Nate Knopf uses they/them pronouns, is a prominent member of the Democrat Socialist of America, he’s photographed with the Cuban Ambassador and is paid $100k a year to protest in America… https://t.co/TCsIchUjNk | |
SWAMP STORIES FOR YOU TONIGHT
“I Flagged Them All”: Attorney Says US Gov’t Investigating Somali Welfare Fraud In Ohio
Monday, Dec 29, 2025 – 02:40 PM
Allegations of welfare fraud involving Minneapolis daycare centers tied to Somali operators have circulated in the news cycle for years with limited traction; however, it was not until a high-visibility, bombshell investigation by citizen journalist Nick Shirley that the topic was reignited and thrust back into the news cycle. The focus is now shifting from Democrat-run Minneapolis to what is being framed as a potentially nationwide welfare fraud epidemic.
On Sunday, Breitbart News published an interview with Ohio attorney Mehek Cooke, who alleges that members of the Somali community in Ohio have defrauded millions of dollars from the state’s Medicaid program.
“So these individuals tried to report the fraud that was happening in Ohio and eventually came to me saying that we are watching providers rubber-stamp paperwork for home health.
And there are many states like this, Pennsylvania and others too, where you can go in and say, ‘My aging parent needs home health care. I want to provide it.’
The state will, as long as a doctor has approved it, continue to pay you. It could be for 10 hours, 12 hours, up to 24 hours when it is critical care.
So you could sit at home without caring for an elderly parent who really does not need it and make about $75,000 to $90,000 a year. Now you add two parents, that is $180,000. Now you add your in-laws, $250,000.
You continue to add this and you wonder, what services are actually being provided? So a lot of providers came to me and said fraud is occurring because we refused to rubber-stamp this paperwork.
So they went to other providers in their home health care networks saying, ‘We will make it worth your while.’ Well, that sounds like a kickback to me.
So we really need to investigate the Medicaid system, how much it has expanded since the Somali population arrived, and who truly needs critical care, because that is meant for the disabled, the elderly, and people who genuinely need it, not for people to live off the system.
And that is what is happening in Ohio. I think it is ridiculous. I think it is despicable. But authorities are now looking at it, from the Attorney General’s office to the U.S. Attorney’s office.
I flagged them all because these are Ohio tax dollars and we have to take it seriously. I am tired of people telling me, ‘Well, this is the way it has always been. It is subjective, and we cannot really check.’
No, you can. Audit America. Audit Ohio now.”
Elon Musk, the former DOGE head who was investigating this kind of fraud on the federal level, noted, “The fraud of your taxpayer money is happening nationwide and is liberally applied to attract illegal (and some legal) immigrants who will reliably vote Democrat. The more you look, the more you find. And you don’t need to be a world-class detective to figure it out. This is brazen, daylight robbery.”
Remember, it was the Democratic Party that threw a fit when DOGE began investigating fraud, waste, and abuse on the federal level. And now we know why. What comes next is likely an expansion of DOGE-esque investigations (perhaps with an army of citizen journalists) aimed at blue states suspected of massive welfare fraud schemes.
END
Small Business Administration Cuts Off All Minnesota Grants Over Somali Fraud
Monday, Dec 29, 2025 – 07:15 PM
Authored by Catherine Salgado via PJ Media,
The Small Business Administration (SBA) is clawing back all grants to the state of Minnesota over its gargantuan fraud scandal.
SBA Administrator Kelly Loeffler confirmed the move on Dec. 28, saying she was “disgusted and sickened” by the Minnesota government covering up for out-of-control fraud. SBA was able to identify half a billion dollars’ worth of fraud just in the first few days of the federal entity investigating Minnesota.
Loeffler said in comments to Benny Johnson, which she reposted on X, “The scope of this international scam is still unknown, likely in the billions. Pending further review, SBA is freezing all grant funding to the state in order to stop the rampant waste of taxpayer dollars and uncover the full depth of fraud.” The fraud is particularly tied to Somali “migrants,” hence Democrats’ determination to ignore it.
Loeffler had previously said she would be suspending $5.5 million in SBA funding for Minnesota, but her comments to Johnson confirmed that the suspension involves all SBA funds to the state. “Today, I informed Governor Tim Walz that SBA is halting $5.5 million in annual funding to Minnesota pending further review,” she posted on Dec. 23.
Loeffler added, “This action follows alarming findings: individuals indicted in the $1 billion Somali fraud scheme also received at least $3 million in PPP loans, and SBA has since identified 13,600 additional PPP loans in Minnesota — totaling $430 million — suspected as fraudulent.”
Independent journalist Nick Shirley blew the lid off the Somali fraud apparatus in Minnesota, with an exposé that has gone viral on social media and even been picked up by Fox News.
Because Gov. Tim Walz (D-Minn.) has facilitated fraud and refused to enforce small business laws, SBA under Loeffler made the decision to yank back funding. Why should American taxpayers reward illegal behavior in Minnesota?
SBA plans to investigate and hold to account “state officials” who built an “industrial-scale crime ring to rip off hardworking Americans,” Loeffler told Johnson.
This is certainly not the first time the Trump administration has taken action over the ever-deepening fraud scandal in Minnesota, which has been a topic of controversy and disgust for weeks. Last month, Donald Trump announced on Truth Social:
Minnesota, under Governor Waltz, [sic] is a hub of fraudulent money laundering activity. I am, as President of the United States, hereby terminating, effective immediately, the Temporary Protected Status (TPS Program) for Somalis in Minnesota. Somali gangs are terrorizing the people of that great State, and BILLIONS of Dollars are missing. Send them back to where they came from. It’s OVER!
Democrats, in their usual fashion, have tried to make the victimizers the victims, moaning about racism, etc. But perhaps that is mainly because so many Democrat officials are complicit in the fraud.
END
“Quality Learning Center” First Domino To Fall As Somali-Linked Minneapolis Daycare Scandal Shocks Nation
Monday, Dec 29, 2025 – 08:28 PM
Update (2028ET):
The dominoes are beginning to fall in the Democratic-run stronghold of Minneapolis, where federal investigators were on the ground earlier today as part of expanded investigations into childcare centers and other widespread alleged fraud schemes by Somali-linked operators.
By evening, Nick Shirley, the citizen journalist who brought the “empty” childcare companies into the national spotlight with a video that has received 121 million views in just three days, revealed that one of the Somali-linked childcare centers had been shut down by the Minnesota Department of Children.
Earlier today at the “Quality Learing Center” – and yes, it is supposed to be “learning” – the owner’s son blamed the misspelling on a graphic designer.
This is damning for Gov. Tim Walz and the Democrats.
Walz blamed “white supremacy” for the targeting of Somali-linked childcare centers, which appear to be front companies.
We assess that the manufactured political backlash against DOGE from Democrats and left-wing NGOs is likely to fade rapidly as Shirley’s viral, on-the-ground reporting continues to highlight the scale of the fraud.
* * *
END
OHIO/SOMALIANS
Citizen Journalist Descends On Ohio, Immediately Finds ‘First Signs Of Potentially Massive Somali Fraud’
Tuesday, Dec 30, 2025 – 08:45 AM
The “Nick Shirley Effect” has begun, with Muckraker founder Anthony Rubin on the ground in Columbus, Ohio, home to the second-largest Somali community in the U.S., investigating daycare centers. This development comes less than a day after Ohio attorney Mehek Cooke said federal investigators are examining allegations that elements within Ohio’s Somali community defrauded millions of dollars from the state’s Medicaid system.
“The first Somali-affiliated daycare facility that we knocked on after landing in Columbus, Ohio, today did not answer,” Rubin wrote on X, alongside a video showing the daycare center, Great Minds Learning Academy.
Rubin continued, “A neighbor across the street told us, ‘I’ve never seen anybody come out of the building or go into the building.'”
On Sunday, Breitbart News published an interview with Ohio attorney Mehek Cooke, who alleges that members of the Somali community in Ohio have defrauded millions of dollars from the state’s Medicaid program. She said that authorities at the highest levels are investigating “what is happening in Ohio.”
Rubin’s on-the-ground reporting comes as tech bros have pitched a grant funding program to “unlock tens of investigative journalists” to cover widespread fraud in Democratic-run states. The idea follows Shirley’s investigation into Somali-linked daycare fraud in Minneapolis, which shocked the nation over the weekend with an investigative video that has garnered 125 million views.
We assess that public sentiment toward DOGE could reverse after the Democratic Party’s propaganda machine vilified the effort this year, even as evidence of fraud, waste, and abuse was plainly visible. As on-the-ground reporting expands in corrupt blue states, the scale of the alleged fraud is likely to broaden, increasing the likelihood of a renewed push of DOGE.
GREG HUNTER
SEE YOU TOMORROW
harveyorganblog.com 
