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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: JANUARY 2026 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,436.900000000 USD
INTENT DATE: 01/05/2026 DELIVERY DATE: 01/07/2026
FIRM ORG FIRM NAME ISSUED STOPPED
099 H DEUTSCHE BANK AG 35
190 H BMO CAPITAL MARKETS 100
332 H STANDARD CHARTERED B 15
363 H WELLS FARGO SECURITI 248
435 H SCOTIA CAPITAL (USA) 49
624 H BOFA SECURITIES 469
661 C JP MORGAN SECURITIES 253
686 C STONEX FINANCIAL INC 2 5
690 C ABN AMRO CLR USA LLC 2
737 C ADVANTAGE FUTURES 2 3
880 H CITIGROUP 35
905 C ADM 3 1
TOTAL: 611 611
MONTH TO DATE: 4,860
JPMORGAN STOPPED 253/611
GOLD: NUMBER OF NOTICES FILED FOR JANUARY/2026: 611 CONTRACTs NOTICES FOR 61,100 OZ or 1.900 TONNES
total notices so far: 4860 contracts for 486,000 OR 15.116 tonnes)
SILVER NOTICES:951 NOTICE(S) FILED FOR 4.755 MILLION OZ OZ/
total number of notices filed so far this month : 4647 CONTRACTS (NOTICES) for 22.755 million oz
INITIAL STANDING FOR JANUARY: 22.915 MILLION OZ FOLLOWED BY TODAY’S 2.055 MILLION OZ QUEUE JUMP//NEW STANDING ADVANCES TO 25.255 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: 45.765 MILLION OZ
JANUARY 2026: 8.055 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//
JANUARY: INITIAL STANDING 22.915 MILLION OZ FOLLOWED BY TODAY’S 2.025 MILLION OZ QUEUE JUMP//STANDING ADVANCES TO 25.255 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 0.1335TONNE QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF: 37.163 TONNES//NEW STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR 4 EXCHANGE FOR RISK FOR DECEMBER OF 6.587 TONNES/NEW STANDING ADVANCES TO 121.977 TONNES
9. JANUARY: INITITAL STANDING: 13.785 TONNES TO WHICH WE ADD OUR HUGE QUEUE JUMP OF 1.222 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 3.766 TONNES//NEW TOTAL QUEUE JUMP 4.989 TONNES//NORMAL DELIVERY OF GOLD ADVANCES TO 17.0699 TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNES//NEW STANDING ADVANCES TO 20.5169 TONNES.
NEW STANDING FOR GOLD, JANUARY CONTRACT AT 20.5169 TONNES 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: 190.04 TONNES//GOOD SIZED THIS MONTH FINAL.
TOTAL EXCHANGE FOR PHYSICAL ISSUED FOR YEAR 2025: 2,026.20 TONNES (LOWER THAN LAST YR 2,569.00 TONNES
JANUARY: 16.29 TONNES
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 ROSE BY A MEGA HUGE SIZED 1944 CONTRACTS OI TO 152.477 AND CLOSER TO 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 700 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 700 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 1944 CONTRACTS AND ADD TO THE 700 E.FP. ISSUED
WE OBTAIN A MEGA HUGE SIZED GAIN OF 2644 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR GAIN OF $5.90 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 15.030 MILLION PAPER OZ
OCCURRED WITH OUR GAIN IN PRICE.OF $5.90
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 JAN 6/2025
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS TUESDAY MORNING.7:30 AM
SHANGHAI CLOSED UP 60.25 PTS OR 1.50%
//Hang Seng CLOSED UP 368.21 PTS OR 1.38%
// Nikkei CLOSED UP 681.20 PTS OR 1.31
//Australia’s all ordinaries CLOSED DOWN 0.57%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 6.9840
/ OFFSHORE CLOSED DOWN AT 6.9797/ Oil UP TO 58.46 dollars per barrel for WTI and BRENT UP TO 62.04 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING DOWN TO 6.9840 OFFSHORE YUAN TRADING DOWN TO 6.9797/ONSHORE YUAN TRADING BELOW OFF SHORE AND DOWN ON THE DOLLAR// / AND THUS WEAK//OFF SHORE YUAN TRADING DOWN AGAINST US DOLLAR/ AND THUS WEAKER
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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 FAIR SIZED 1871 CONTRACTS TO 480,541 OI DESPITE OUR HUMONGOUS GAIN IN PRICE OF $122.80 WITH RESPECT TO MONDAY’S // TRADING/ //COMEX CLOSING TIME:… WE LOST ZERO NET LONGS, WITH THAT PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1589). WE HAD CONSIDERABLE T.A.S. LIQUIDATION MONDAY. 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 480,823 AND NOW AMPLE ENOUGH FOR A RAID BY OUR BANKERS LIKE LAST MONDAY. FROM CHINA WE LEARN THAT THE GOLD LEASE RATE IS NOW AROUND ONE TO 2 %
WE THUS HAD A TOTAL LOSS IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 561 CONTRACTS (OR 1.744 TONNES). THEN WE WERE NOTIFIED OF ZER0 CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 0 OZ OR 0 TONNES OF GOLD. IN DECEMBER WE HAVE RECORDED 5 ISSUANCES OF EXCHANGE FOR RISK/4 FOR DEC AND THE LAST ONE ON DEC 31 FOR JANUARY. 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 6.56 TONNES/4 OCCASIONS AND THEN ONE EARLY JANUARY: 3.446 TONNES)
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 6.56 TONNES AND THIS WAS ADDED TO OUR NORMAL DELIVERY TOTALS.. THE JANUARY ISSUANCE WILL BE ADDED TO OUR DAILY TOTALS!! (3.447 TONNES)
DETAILS ON OUR NEW JANUARY COMEX CONTRACT MONTH//
IN TOTAL WE HAD A TINY SIZED LOSS ON OUR TWO EXCHANGES OF 561 CONTRACTS DESPITE OUR HUMONGOUS GAIN IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT OF THE WEEK AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTACKS VERY EARLY IN THE COMEX SESSIONS AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THEIR DAILY ATTACKS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY AND OUR SHORT SPECULATORS FOR THE THOUGHTFULNESS. LONDON ANNOUNCED EARLY IN THE YEAR (AND SCARCITY CONTINUES TO THIS DAY) THAT THEY WERE OUT OF GOLD. WRONGLY IT WAS ATTRIBUTED TO THEIR SHIPPING PHYSICAL GOLD TO COMEX FOR STORAGE DUE TO TRUMP’S INITIATION OF TARIFFS. THE TRUTH OF THE MATTER IS THAT THIS GOLD LEFT LONDON TO OTHER CENTRAL BANKS, AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH JANUARY/ 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 STRONG T.A.S ISSUANCE CONTRACTS. THE CME NOTIFIES US THAT THEY HAVE ISSUED 2592 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 37.163 TONNES//STANDING ADVANCES TO 115.257 TONNES TO WHICH WE ADD OUR FOUR ISSUANCES OF EXCHANGE FOR RISK OF 6.559 TONNES/NEW STANDING IS THUS: 121.977 TONNES.
10. JANUARY 2026: INITIAL GOLD STANDING IS 13.785 TONNES TO WHICH WE ADD OUR NEWEST QUEUE JJUMP OF 1.222 TONNESS WHICH ADDED TO OUR ALL OTHER QUEUE JUMP OF 3.766 TONNES //NEW TOTAL QUEUE JUMP: 4/988 TONNES (NORMAL STANDING ADVANCES TO 17.0699 TONNES) TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNNES/./NEW STANDING ADVANCES TO 20.5169 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/PROBABLE THAT THE FED IS THE BUYER OF 10.006 TONNES OF EXCHANGE FOR RISK/DECEMBER/EARLY JANUARY!!
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 FAIR SIZED EXCHANGE FOR PHYSICAL OF 1310 CONTRACTS.
THAT IS A FAIR SIZED 1310 EFP CONTRACT WAS ISSUED: : /FEB 1310 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 1310 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 :
- CONSIDERABLE LIQUIDATION OF OUR T.A.S. SPREADERS DURING THE COMEX SESSION + AND DID HAVE HUGE GOVERNMENT LIQUIDATION
- ZERO MONTH END SPREADERS LIQUIDATION!!. WILL NOT COMMENCE UNTIL THE END OF JANUARY..
T.A.S.SPREADER ISSUANCE//JANUARY
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/TUESDAY MORNING WAS A STRONG SIZED 2592 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 GAIN IN PRICE IN GOLD WITH A CORRESPONDING FAIR LOSS OF COMEX OI AND A FAIR EXCHANGE FOR PHYSICAL ISSUANCE.. (QUITE STRANGE)
.
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.XXXX TONNES QUEUE JUMP. THIS FOLLOWS ALL OTHER QUEUE JUMPING: 37.163 TONNES//NEW STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR FOUR EXCHANGE FOR RISK ISSUANCE OF 6.559 TONNES//NEW STANDING THUS INCREASES TO 121.977 TONNES
JANUARY: INITIAL GOLD STANDING 13.785 TONNES TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 1.222 TONNES TO ALLOTHER QUEUE JUMPS OF 3.766 TONNES/NEW TOTAL QUEUE JUMP 4.988/NEW NORMAL STANDING INCREASES TO 17.0699 AND THEN WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNES//NEW STANDING ADVANCES TO 20.5169 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 JANUARY,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $122.80/ /)
WE HAD CONSIDERABLE T.A.S. SPREADER LIQUIDATION MONDAY // COMEX SESSION// WITH OUR GAIN IN PRICE ////.. BUT OUR SPECULATORS REMAIN RELENTLESS POURING INTO THE COMEX// WITH OTHER EASTERN CENTRAL BANKS TENDERING FOR PHYSICAL MONDAY NIGHT WHICH ALSO EXPLAINS THE HUGE NUMBER OF TONNES OF GOLD STANDING FOR JANUARY IN AN OFF MONTH. THE COMEX IS ONE BIG MESS!!
MONDAY NIGHT//TUESDAY 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 4 MONTHS:
STANDING FOR GOLD OCT THROUGH TO JANUARY:
- 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 0 CONTRACT QUEUE JUMP FOR NIL OZ OR 0.000 TONNES WHICH FOLLOWS OTHER DEC QUEUE JUMPS OF: 0 TONNES///STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR FOUR EXCHANGE FOR RISK ISSUANCE OF 6.559TONNES/NEW STANDING ADVANCES TO 121.977TONNES
4. NOW JANUARY:
AMOUNT STANDING FOR GOLD INITIALLY 13.7516 TONNES TO WHICH WE ADD OUR NEW QUEUE JUMP OF 1.222 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS POF 3.766 TONNES: NEW QUEUE JUMPING FOR JAN: 4.988 //NEW NORMAL STANDING ADVANCES TO 17.0699 TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNES. NEW STANDING ADVANCES TO 20.5169 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $122.80
WE HAD A SMALL 282 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE .
INITIAL GOLD COMEX
JAN 6
JAN 2026 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 0 ENTRIES xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 611 notice(s) 61100 OZ 1.900 TONNES OF GOLD |
| No of oz to be served (notices) | 628 contracts 62800 OZ 1.953 TONNES |
| Total monthly oz gold served (contracts) so far this month | 4860 notices 486,000 0z 15.116 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
0 ENTRIES
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 JANUARY STANDS AT 1239 CONTRACTS FOR A GAIN OF 55 CONTRACTS.
WE HAD 338 NOTICES FILED ON MONDAY, SO WE GAINED 393 CONTRACTS OR 39300 OZ (1.222 TONNES) OF A QUEUE JUMP.
FEB LOST 9622 CONTRACTS DOWN TO 321,446 CONTRACTS
MARCH GAINED 170 CONTRACTS UP TO 2802
We had 611 contracts filed for today representing 61,100 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 611 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 253 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JAN /2026. contract month, we take the total number of notices filed so far for the month (4860 ) to which we add the difference between the open interest for the front month of DEC ( 1239 CONTRACTS) minus the number of notices served upon today (611 x 100 oz per contract) equals 558,800OZ OR 17.0699 Tonnes of gold to which we add our first exchange for risk in January of 3.447 tonnes//new standing advances to 20.5169 tonnes
thus the INITIAL standings for gold for the JAN contract month: No of notices filed so far (4860 x 100 oz +we add the difference for front month of JAN (1229 OI} minus the number of notices served upon today (611)x 100 oz) which equals 558,800 OR 17.0699 TONNES plus our first exchange for risk of 3.447 tonnes//new standing advances to 20.5169 tonnes
new total of gold standing in JANUARY is 20.5169 tonnes
TOTAL COMEX GOLD STANDING FOR JANUARY ..: 20.5169 TONNES TONNES WHICH IS STRONG FOR THIS NORMALLY VERY NON ACTIVE ACTIVE DELIVERY MONTH OF JANUARY.
volume MONDAY confirmed 249,207 good
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: 1,967,592.462 oz 61.20 tonnes pledged gold lowers
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 36,403,451.805. oz
TOTAL REGISTERED GOLD 19,329,396.443 or 601.225 Tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,074,035.302 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON 17,361.804oz ((REG GOLD- PLEDGED GOLD)=
540.025 Tonnes // (declining rapidly)
total inventories in gold declining rapidly
SILVER/COMEX
JAN 6.2026
INITIAL/
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 4 entries i) Out of Brinks: 480,925.05 oz ii) Out of CNT 137,443.905 oz iii) Out of Delaware 1097.500 oz iv) Out of JPMorgan: 1,286.886.400 oz total withdrawal: 1,906,352.100 oz |
| Deposits to the Dealer Inventory | 2 ENTRIES i) Into Asahi: 531,249.600 oz ii) Into CNT 828,107.01 ooz total dealer deposit; 1,359,356.610 oz |
| Deposits to the Customer Inventory | 1 ENTRY i) Into CNT 236,463.930 OZ total deposit: 236,463.930 oz |
| No of oz served today (contracts) | 951 CONTRACT(S) ( 4.755 million OZ |
| No of oz to be served (notices) | 491 contracts (2.455 MILLION oz) |
| Total monthly oz silver served (contracts) | 4547 contracts 22.735 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
2 ENTRIES
i) Into Asahi: 531,249.600 oz
ii) Into CNT 828,107.01 ooz
total dealer deposit; 1,359,356.610 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
DEPOSIT ENTRIES/CUSTOMER ACCOUNT
1 ENTRY
i) Into CNT 236,463.930 OZ
total deposit: 236,463.930 oz
withdrawals: customer side/eligible
4 entries
i) Out of Brinks: 480,925.05 oz
ii) Out of CNT 137,443.905 oz
iii) Out of Delaware 1097.500 oz
iv) Out of JPMorgan: 1,286.886.400 oz
total withdrawal: 1,906,352.100 oz
adjustments: 5// dealer to customer
i) Asahi 278,766.300 oz
ii) Brinks 171m314.860oz
iii) CNT 245,976,39 oz
iv) JPM: 179,489.460 oz
v) Out of Stonex: 5105.75 oz
total adjusted out of dealer to customer acct: 660,612.679
TOTAL REGISTERED SILVER: 127.186 MILLION OZ//.TOTAL REG + ELIGIBLE. 449.211Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JANUARY
silver open interest data:
FRONT MONTH OF JANUARY /2026 OI: 1422 OPEN INTEREST CONTRACTS FOR A GAIN OF 255 CONTRACTS. WE HAD 150 NOTICES FILED ON MONDAY SO WE GAINED 405 CONTRACTS OR A STRONG 2.025 MILLION OZ QUEUE JUMP WHERE THEY WILL TAKE DELIVERY ON THIS SIDE OF THE POND.
FEB GAINED 234 CONTRACTS UP TO 1920 CONTRACTS
MARCH GAINED 463 CONTRACTS UP TO 107,293
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 951 or 0.75 MILLION oz
CONFIRMED volume; ON MONDAY 152,074 huge//
AND NOW JANUARY. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in JANUARY. we take the total number of notices filed for the month so far at 4547 X5,000 oz = 22.735 MILLION oz
to which we add the difference between the open interest for the front month of JANUARY (1442) AND the number of notices served upon today (951 )x (5000 oz)
Thus the standings for silver for the JANUARY 2026 contract month: (4547) Notices served so far) x 5000 oz + OI for the front month of JAN(1442) minus number of notices served upon today (951)x 5000 oz equals silver standing for the JANUARY.contract month equating to 25.255 MILLION OZ
NORMAL STANDING: 25.255 MILLION OZ WHICH IS HUGE FOR A GENERALLY SMALL DELIVERY MONTH OF JANUARY.
New total standing: 25.255 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 127.186. million oz of registered silver
JPMorgan as a percentage of total silver: 186.317/449.211million. 41.71%
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
JAN 6/2026/WITH GOLD UP $47.00 TODAY/NO CHANGES IN GOLD AT THE GLD: // /// ///INVENTORY RESTS AT 1065.13 TONNES
JAN 5/2026/WITH GOLD UP $122.80 TODAY/BIG CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 5.43 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1065.13 TONNES
JAN 2/2026/WITH GOLD DOWN $10.10 TODAY/BIG CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.43 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1070.56 TONNES
DEC 31/WITH GOLD DOWN $42.50 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 30/WITH GOLD UP $41.50 TODAY/NO 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: 1065.13 TONNES, TONIGHTS TOTAL
SILVER
JAN 6/WITH SILVER UP $4.93 /HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 2,961 MILLION OZ OUT OF THE SLV OZ FORM THE SLV. /. ./ :INVENTORY RESTS AT 525.730 MILLION OZ //
JAN 5/WITH SILVER UP $5.90 /SMALL CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 363,000 OZ FORM THE SLV. /. ./ :INVENTORY RESTS AT 528.691 MILLION OZ //
JAN 2/WITH SILVER UP $0.22 /HUGE CHANGES IN SILVER AT THE SLV: A SMALL WITHDRAWAL OF 0.363 MILLION OZ OUT THE SLV/. ./ :INVENTORY RESTS AT 529.054 MILLION OZ //
DEC 31/WITH SILVER DOWN $6.41 /HUGE CHANGES IN SILVER AT THE SLV: A MASSIVE DEPOSIT OF 4.806 MILLION OZ INTO THE SLV/. ./ :INVENTORY RESTS AT 529.054 MILLION OZ //
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 525.730 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//:
COPPER
UBS: “Copper Is The Commodity Everyone Wants To Own”
Tuesday, Jan 06, 2026 – 11:25 AM
Goldman’s “circular melt-up” call and its recent upgrade to the 2026 London Metal Exchange (LME) copper price forecast have so far proven correct, as the industrial metal surged above $13,000 a ton with traders continuing to price in tighter global supply and a broader risk-on mood across metals.
Three-month LME copper futures rose as much as 3.1% to a record $13,387.50, surpassing the previous record high set just a day earlier. The move is driven by the risk that the Trump administration may impose tariffs on refined copper, prompting a multi-month surge in US inventory and draining supplies from major global markets.
“Copper extended its rally on Tuesday, with prices surging to a record $13,187 per ton, fuelled by a rush to ship the metal to the US amid tariff uncertainty and persistent supply disruptions,” UBS analyst Aditi Samajpati wrote in a brief note to clients earlier.
Samajpati continued, “The US premium has driven global inventory imbalances, with US stockpiles rising while the rest of the world faces tightening supplies. Speculative trading intensified as investors bet on further gains, supported by the metal’s critical role in energy transition and ongoing mine setbacks in Chile, Indonesia, and Congo.”
She added, “The rally is also part of a broader upswing in metals, with gold, silver, and platinum hitting new highs.”
In a separate note, UBS analyst Dan Major noted, “Net speculative positioning is elevated, and it is well known that copper is the commodity everyone wants to own.”
The prospect of US import curbs, combined with strong demand due to copper’s role in high-growth sectors such as data center buildouts and power grid upgrades, fueled a wave of optimistic calls late in 2025.
“Inventories used to act as a buffer, but now they’re locked in the US,” Li Xuezhi, head of research at Chaos Ternary Futures Co., recently told Bloomberg. “So the buffer is gone and everyone will have to scramble.”
Latest reporting:
- Goldman: $10,000 Is New Price Floor For Copper
- Copper Hits Record High; Goldman Warns A “Circular Melt-Up” Is Now Driving Global Market
- Goldman Upgrades Copper Price Forecast Weeks After Warning About “Circular Melt-Up”
“The logic behind this rally remains,” said Li. “We need to track the trend and not get fixated on absolute price levels.”
END
5B. COMMODITY REPORT//SILVER/SILVER LEASE RATES:/SILVER
SILVER COMMENTARIES
ASIA RESULTS; TUESDAY JAN 6/2026
SHANGHAI CLOSED UP 60.25 PTS OR 1.50%
//Hang Seng CLOSED UP 368.21 PTS OR 1.38%
// Nikkei CLOSED UP 681.20 PTS OR 1.31
//Australia’s all ordinaries CLOSED DOWN 0.57%
//Chinese yuan (ONSHORE) CLOSED DOWN TO 6.9840
/ OFFSHORE CLOSED DOWN AT 6.9797/ Oil UP TO 58.46 dollars per barrel for WTI and BRENT UP TO 62.04 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN TRADING DOWN TO 6.9840 OFFSHORE YUAN TRADING DOWN TO 6.9797/ONSHORE YUAN TRADING BELOW OFF SHORE AND DOWN ON THE DOLLAR// / AND THUS WEAK//OFF SHORE YUAN TRADING DOWN AGAINST US DOLLAR/ AND THUS WEAKER
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 DOWN AT 6.9840
OFFSHORE YUAN: DOWN TO 6.9797
HANG SENG CLOSED UP 363.21 PTS OR 1.38%
2. Nikkei closed UP 681.20 PTS OR 1.31%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 98.11 /// EURO FALLS TO 1.1713 DOWN 1 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +2.131// UP 2 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 156.43… 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: 3.497 UP 3 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: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and UP FOR DOWN this morning
3h European bond buying continues to push yields LOWER on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.8614 Italian 10 Yr bond yield DOWN to 3.517 SPAIN 10 YR BOND YIELD DOWN TO 3.291
3i Greek 10 year bond yield DOWN TO 3.467
3j Gold at $4450.00 Silver at: 77.85 1 am est) SILVER NEXT RESISTANCE LEVEL AT $80.00
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 5 /100 roubles/dollar; ROUBLE AT 80.81
3m oil (WTI) into the 58 dollar handle for WTI and 62 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 156.43 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.131% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING//YEN BOND TRADING OVERSEAS REPATRIATED.//JAPAN 30 YR: 3.497 UP 3 BASIS PTS.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.7925 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9827well 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: 4.180 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.874 UP 3 BASIS PTS/
USA 2 YR BOND YIELD: 3.467 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 43.03 UP 1 BASIS PTS/LIRA GETTING KILLED
10 YR UK BOND YIELD: 4.5160 UP 1 PTS
30 YR UK BOND YIELD: 5.258 UP 1 BASIS PTS
10 YR CANADA BOND YIELD: 3.421 DOWN 5 BASIS PTS
5 YR CANADA BOND YIELD: 2.945 DOWN 5 BASIS PTS.
1a New York OPENING REPORT
Global Stock Rally Fizzles, Futures Flat As Market Rotations Accelerate
Tuesday, Jan 06, 2026 – 08:36 AM
US equity futures are flat with small caps underperforming as geopolitics dominate headlines, including aftershocks from the Maduro seizure and a potential US/EU deal that provides a security guarantee for Ukraine potentially with American soldiers maintaining a presence in Ukraine. As of 8:00am ET, S&P futures are flat as a rotation into regional shares broadened and investors awaited fresh data to gauge the outlook for Federal Reserve interest rates; Nasdaq futures gain 0.2% even as Mag 7 names are weaker premarket ex-NVDA which is leading Semis higher after Jensen Huang’s CES presentation. Futures took a brief spill overnight just around 3am ET when China announced it would launch export controls on Japan, which is negative for heavy machinery; futures then promptly recovered. Defensives are leading Cyclicals ex-Energy. Bond yields are higher by 1-2bp with USD also bid. Major European markets are mixed with UK leading and France lagging. Asian stocks are off to their best start since 2012 with the MXAP up 3% YTD. Today’s US economic calendar includes December final S&P Global US services and composite PMIs at 9:45am. Scheduled Fed speakers include Barkin (8am) and Miran (8:30am)
In premarket trading Mag 7 names are mixed, with Nvidia gaining 0.6% as CEO Jensen Huang said the company’s much-anticipated Rubin data center processors are in production and customers will soon be able to try out the technology.(Alphabet +0.2%, Microsoft is flat, Amazon -0.08%, Meta +0.9%, Apple -0.3%, Tesla -0.6%).
- Aeva (AEVA) jumps 23% after the company announced that its 4D LiDAR technology has been selected for the Nvidia Drive Hyperion autonomous vehicle reference platform.
- Core Scientific (CORZ) climbs 4% as BTIG upgrades to buy as the dust settles following shareholder rejection in October of its acquisition by CoreWeave.
- Frontier Group (ULCC) falls 3% after BofA cut the recommendation on the airline to underperform, expecting cost challenges in 2026 as aircraft rental fees rise.
- Microchip (MCHP) rises 4% after the analog chipmaker’s net sales forecast for the third quarter beat the average analyst estimate. Analysts note that the strong sales numbers highlight broad-based recovery.
- Oculis (OCS) rises 8% after the drug developer said its experimental therapy, Privosegtor, was granted the FDA’s breakthrough therapy designation for the treatment of optic neuritis — inflammation of the eye nerve.
- OneStream Inc. (OS) soars 22% as buyout firm Hg is in advanced talks to acquire the financial software maker, according to people familiar with the matter.
- Vistra Corp. (VST) climbs 4% after agreeing to pay roughly $4 billion for 10 natural gas-fired power plants in the US Northeast and Texas to expand the electricity supplier’s generation capacity in fast-growing energy markets.
- Zeta Global (ZETA) rises 9% after the software company announced that it has entered a strategic collaboration with OpenAI to power conversational intelligence and agentic applications behind Athena by Zeta, its superintelligent agent built for enterprise marketing.
In other corporate news, AB InBev will reacquire a 49.9% stake in US metal plants from a consortium of investors for $3 billion. Electricity supplier Vistra agreed to pay roughly $4 billion for 10 natural gas-fired power plants in the US Northeast and Texas. Software company Zeta Global announced a strategic collaboration with OpenAI.
The New Year rally appears to be losing steam, despite renewed appetite for the AI trade and cyclicals over defensives. Some of the biggest action is in commodities, with an index of base metals surging to the highest since March 2022 and copper rising above $13,000 a ton for the first time, which needless to say, is and will be inflationary. At the same time, stocks in Asia surged, but as Bloomberg notes, are now getting dangerously overbought, along with markets in Europe and emerging markets. The S&P 500’s 14-day relative strength index also suggests that US stocks might have further room to run, in contrast with other regions that have surpassed levels typically seen as overbought. Macro and geopolitical risks are numerous, with Venezuela, Greenland and Taiwan all in the headlines today.
Stock investors have so far been largely unfazed by tensions in Venezuela, extending a three-year bull run that’s been fueled by demand for AI–linked shares. The next leg of the rally will depend in part on how quickly the Fed moves to further ease monetary policy, with business activity and jobs market data due this week to help shape rate expectations.
“We are waiting for data,” said Emilie Tetard, a cross-asset strategist at Natixis. “Before this data, as macro uncertainty is probably stronger in the US vs. the rest of the world, it’s a good time to put in place the diversification.”
Meanwhile, US oil producers such as Chevron Corp. and ConocoPhillips extended gains on President Donald Trump’s plans for the reconstruction of Venezuela’s crude industry.
The AI narrative is getting a boost from announcements at CES. AMD unveiled a new chip for corporate data centers, with CEO Lisa Su noting on AI that “we don’t have nearly enough compute for what we could possibly do.” Nvidia CEO Jensen Huang said the company’s highly-anticipated Rubin processors are on track for deployment by customers in the second half. “Demand is really high,” he said. And Intel’s comeback bid is relying on laptops shown at CES that are based on processors with a new design. As Bear Traps report Larry McDonald puts it, “the Pumpmaster is on Stage Again”: Nvidia CEO Huang keynote address confirmed that Vera Rubin is now in full production and is expected to propel Nvidia back into the position of undisputed technical leader. Jensen noted that Vera Rubin contains 6 separate, revolutionary chips, and in years past, each one would have been made by a separate company, but Nvidia does them all itself.
In the geopolitical sphere, Venezuela’s new acting president Delcy Rodríguez is seen as a choice that could stabilize Venezuela’s oil-based economy and facilitate American business. Elsewhere, Trump’s rationale for intervening in Venezuela is fueling concerns among European officials that they could soon face an existential dilemma over Greenland.
Elsewhere, the data may be on the side of bulls. According to Bloomberg, there have been just four years when the S&P 500 fell at least 15% and and still managed to achieve an annual advance of 15% or more. It happened in 1982, 2009, 2020 — and in 2025. The previous cases have all been followed by strong gains during the next year. Still, Wall Street bulls need a lot to go right if 2026 is going to deliver a fourth straight year of double-digit returns. Read more in today’s Taking Stock.
European stocks are mixed regionally, with the broad Stoxx 600 higher by 0.2%; health care leads, tech lags while miners are lifted after copper surged to a fresh record amid a renewed rush to ship the base metal to the US. Consumer products and services shares lag, with Adidas tailing the sector. Here are some of the biggest movers on Tuesday:
- InPost shares rise as much as 20% after the Polish logistics firm announced it had received an indicative proposal regarding a potential acquisition.
- Next shares climb as much as 3.7%, the most since October, after the fashion retailer reported strong Christmas sales and boosted its profit guidance for the fifth time this financial year.
- Tesco shares climb as much as 3.4% after Worldpanel by Numerator said the British grocer had increased sales and market share in the run-up to Christmas, taking its greatest slice of shoppers’ spend in more than a decade.
- Daimler Truck shares rise as much as 5.6%, hitting the highest level in four months, after the release of positive data for a key measure of North American truck orders.
- SMG Swiss Marketplace Group shares surge as much as a record 17%, after it announced an “amicable” agreement with Switzerland’s Price Supervisor regarding investigations into the Ricardo platform and SMG Real Estate business.
- Infineon shares rise as much as 5.1% after US peer Microchip gave an upbeat forecast and Bank of America lifted its price target, partly due to AI server exposure.
- Adidas shares fall as much as 7.6% after Bank of America downgraded the stock to underperform, predicting a “material stepdown” in growth for the sportswear sector. Retailer JD Sports was cut to neutral, and its shares fall 7.2%.
- DSM-Firmenich shares drop as much as 1.3% after Morgan Stanley downgraded the stock to equal-weight, citing lingering uncertainty around the animal, nutrition and health exit structure and tough mid-term strategic targets for the core business.
- Liontrust Asset Management shares sink as much as 7.7%, the most in six months, as Deutsche Bank analysts cut their recommendation on the firm to sell from hold, and slash the target price by a third.
“It reflects a continuation of a theme that we are in the early innings of, which started last year, i.e. that US exceptionalism has peaked and has started to unwind,” Raymond Sagayam, managing partner at Banque Pictet & Cie SA, told Bloomberg TV.
Asian equities rose to a fresh record high, with a rally in Chinese shares helping fuel stronger risk appetite for the region. The MSCI Asia Pacific Index advanced 1.2%, poised for a fourth straight day of gains in what is poised to be its best-ever start to a year. Tech again remained a focus, with TSMC, SK Hynix and Hitachi among the biggest contributors to the benchmark’s advance. Key gauges in mainland China, Hong Kong as well as Japan rose more than 1%. China’s onshore CSI 300 Index climbed to the highest in four years on enthusiasm for the country’s AI industry and growing signs of an economic recovery. Investors hope for an extension of last year’s gains as Beijing backs key sectors and implements measures to curb excessive competition and revive the ailing property market. A subindex of financial shares also helped boost the Asian benchmark, after US peers climbed overnight. Japanese banks jumped after central bank Governor Ueda said he intends to keep raising rates in line with inflation. The rally in Asian stocks at the start of the year underscores their rising appeal for global investors wary of high tech valuations in the US and the prospect of a weakening dollar. It also points to the room left to run in the region’s tech shares, with Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. powering the gains over the past few days.
In FX, German inflation weighed on the euro, lifting the Bloomberg Dollar Index higher by 0.1%. G-10 FX moves are limited.
In rates, treasuries hold small losses in early US session, unwinding a portion of Monday’s gains with oil futures rising further and stock index futures stalled near record highs. European bonds outperform following soft German regional inflation prints. US yields are 1bp-2bp cheaper with curve spreads steeper; 2s10s topped 72bp, approaching 2025 wides; 10-year near 4.17% is about 1bp cheaper on the day, with bunds and gilts in the sector outperforming by about 3bp. German yields are lower by around 2bps across the curve following soft regional inflation metrics. In contrast, US yields are higher with the curve bear-steepening.
In commodities, WTI crude futures are building on yesterday’s gains, up 0.3%. There’s mixed fortunes for precious metals with spot silver higher by 2.2%. Gold faded initial gains and is now up just 0.2% while LME copper hit further all-time-highs, up 1.3%.Bitcoin has slipped throughout the session, trades lower by 0.4%.
US economic calendar includes December final S&P Global US services and composite PMIs at 9:45am. Scheduled Fed speakers include Barkin (8am) and Miran (8:30am)
Market Snapshot
- S&P 500 mini little changed
- Nasdaq 100 mini +0.2%
- Russell 2000 mini -0.3%
- Stoxx Europe 600 little changed
- DAX little changed, CAC 40 -0.6%
- 10-year Treasury yield +1 basis point at 4.17%
- VIX +0.3 points at 15.15
- Bloomberg Dollar Index little changed at 1203.74
- euro little changed at $1.1715
- WTI crude +0.2% at $58.43/barrel
Top Overnight News
- China imposed controls on exports to Japan that could have military use, intensifying a dispute between Asia’s top economies over remarks Japanese PM Sanae Takaichi made last year on Taiwan. BBG
- Trump asked Marco Rubio to oversee an economic and political overhaul of Venezuela, leading a team that includes officials working on energy, finance and military police, White House adviser Stephen Miller said. BBG
- In late night Truth Social post, Trump announced that Danish territory is now an American “protectorate.” Denmark and the broader NATO alliance are extremely concerned the US could imminently seize Greenland and paralyze the NATO alliance. The Atlantic
- Trump said he believes the U.S. oil industry could get expanded operations in Venezuela “up and running” in fewer than 18 months. “A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they’ll get reimbursed by us or through revenue,” he said. NBC
- Nvidia’s Rubin data-center chips are now in production as strong AI demand drives the need for more powerful systems, CEO Jensen Huang said. Rival AMD unveiled a new AI chip for corporate data-center use. BBG
- Nvidia said it has seen strong demand from customers in China for the H200 chip that the Trump administration has said it will consider letting the chipmaker ship to that country. BBG
- The Trump admin is planning to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production. The meetings are crucial to the administration’s hopes of getting top U.S. oil companies back into the South American nation. RTRS
- MCHP +430 bps in premkt after issuing its second upside preannouncement of the quarter, indicating potential recovery in demand for industrial and automotive chips.
- Trump is scheduled to deliver remarks at a GOP member retreat at 10:00am ET on Tuesday and will participate in a policy meeting at 2:30pm ET.
- Trump posted “Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS”. Full post “Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS (NOT MIXED!), TAKE CHICKEN P SHOT SEPARATELY, TAKE HEPATITAS B SHOT AT 12 YEARS OLD, OR OLDER, AND, IMPORTANTLY, TAKE VACCINE IN 5 SEPARATE MEDICAL VISITS! President DJT”.
Trade/Tariffs
- China Commerce Ministry imposes export controls on dual-use items to Japan, effective immediately
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were mostly higher following the positive handover from Wall Street, where all major indices gained amid outperformance in energy and a softer yield environment. ASX 200 was the laggard with the index dragged lower by weakness in defensives and the top weighted financial sector, while metal and mining stocks were boosted after the recent climb in underlying commodity prices and reports of an AUD 8.8bln takeover offer for BlueScope Steel. Nikkei 225 rallied at the open to back above the 52,000 level with the advances led by mining and tech-related stocks. Hang Seng and Shanghai Comp conformed to the predominantly upbeat mood, with outperformance in Hong Kong helped by strength in some property names and miners, while aluminium producer China Hongqiao Group led the advances as aluminium prices printed fresh three-year highs.
Top Asian News
- Japan sold JPY 1.96tln 10yr JGB, b/c 3.30x (prev. 3.59x), average yield 2.095% (prev. 1.872%). Lowest accepted price 99.99 vs prev. 98.53. Average accepted price 100.04 vs prev. 98.57. Tail in price 0.05 vs prev. 0.04.
- Japan’s nuclear regulator said no irregularities at Chugoku Electric’s (9504 JT) Shimane nuclear power plant following the earthquake.
- Earthquake with a preliminary magnitude of 6.3 strikes at the Shimane Prefecture in Japan, according to NIED
European bourses (STOXX 600 U/C) opened with very modest gains, but have indices have since slipped a touch off best levels to show a bit more of a mixed picture in Europe. European sectors are mixed, with Health Care, Energy, and Basic Resource leading. Energy is advancing on higher crude prices, despite the absence of a clear catalyst. On a stock-specific basis, the sector is also being supported by gains in heavyweight names such as Shell (+1.6%) and BP (+1.9%). Meanwhile, sentiment in Basic Resources has been underpinned by strength in metal prices.
Top European News
- ‘Coalition of the Willing’ to discuss security guarantees for Ukraine
FX
- DXY resides in a narrow 98.161-98.425 range after recovering from worst levels on the back of some EUR softness (more below), although price action across FX thus far has been muted vs other markets (Equities, Fixed Income, Commodities). The US docket for today only consists of S&P Services and Composite Final PMIs alongside commentary from Fed’s Barkin and Miran. Perhaps more importantly, US President Trump is due to give remarks later today.
- EUR is on a softer footing, with early weakness commencing shortly after the revisions lower to the French PMIs, whilst downward revisions in German Composite and EZ PMIs further weighed on the single currency. Moreover, German State CPIs were more dovish than the Nationwide figure (at 13:00 GMT) implies. EUR/USD resides towards the bottom end of a 1.1708-1.1743.
- GBP/USD trades flat towards the bottom of a 1.3528-1.3568 range with little immediate move seen on the slight revision higher in UK Services and Composite PMIs, with EUR/GBP flat intraday in a narrow 0.8644-0.8660. USD/JPY is also flat in a 156.17-156.80 range and largely trading at the whim of the USD.
- Antipodeans also see little price action but AUD continues to be supported by the recent rally in copper and gold.
Fixed Income
- Benchmarks began the morning on the backfoot, with downside of around five and 20 ticks for USTs and Bunds respectively. Action that came as the benchmarks trimmed into and through the APAC session, with further pressure emanating from weak demand at the Japanese 10yr tap; an auction that sent JGBs lower from 132.23 to a 131.93 session trough, trimming initial gains of around 15 ticks to losses of 16 at worst.
- Since, the complex generally benefited incrementally from a dip in the risk tone as China imposed export-controls on dual-use items to Japan.
- For EGBs, no real move to the French Prelim. HICP metrics, which came in as expected M/M and slightly cooler than expected Y/Y at 0.7% (prev. 0.8%). More pertinently, the German State CPIs ahead of the 13:00GMT nationwide figure, where consensus is for the headline Y/Y to moderate to 2.0% (prev. 2.3%) and the HICP Y/Y to 2.2% (prev. 2.6%); for the respective M/M, at 0.3% (prev. -0.2%) and 0.4% (prev. -0.5%). State CPIs lifted Bunds to a 127.67 high, firmer by 27 ticks at most. A move perhaps driven by the M/M for North Rhine-Westphalia coming in at 0.0% (prev. -0.3%), cooler than the nationwide expectations, as above, for a lift to 0.2% (prev. -0.2%).
- Ahead, USTs look to remarks from Fed’s 2027 voter Barkin, text and Q&A expected, before the region’s own Final PMIs.
- Germany sells EUR 4.4547bln vs exp. EUR 6bln 2.00% 2027 Schatz: b/c 1.93x (prev. 1.7x), average yield 2.11% (prev. 2.05%), retention 24.22% (prev. 20.82%).
Commodities
- Crude benchmarks started the APAC session on the backfoot, paring back some of Monday’s gains before extending higher as the European session gets underway, despite a lack of crude-specific drivers.
- WTI and Brent pulled back to a low of USD 57.85/bbl and USD 61.31/bbl respectively after peaking at USD 58.51/bbl and USD 61.89/bbl in Monday’s session. Benchmarks then bid higher pretty aggressively despite a clear explanation for the move, reaching a session high of USD 58.67/bbl and USD 62.14/bbl before pulling back slightly.
- Spot XAU trades choppy but managing to hold onto modest gains as the yellow metal sits above USD 4450/oz. After dipping to a trough of USD 4428/oz early in the APAC session, XAU extended on Monday’s gains to peak at USD 4476/oz as European traders entered the market. Thus far, the yellow metal is trading in a tight USD 26/oz band above USD 4450/oz.
- 3M LME Copper continued its bid to new ATHs throughout the Asia-Pac session, following the risk-on tone in Asian equities. The red metal opened at USD 13.1k/t and immediately bid higher, peaking at USD 13.39k/t as the European session gets underway. As equities started to pull back, led by Nikkei 225 futures, following the imposition of export controls on dual-use items to Japan by China, 3M LME Copper has started to fall lower and is currently trading at USD 13.24k/t.
- China skips retail gasoline and diesel price adjustment.
- Goldman Sachs said Chinese steel mills face an extended period of depressed margins as efforts to cut capacity in the sector goes slower than expected, while exports remain high.
- ANZ said Venezuela oil output increase is unlikely until the end of the decade as aging infrastructure will require billions of dollars in spending, according to Bloomberg.
- Morgan Stanley expects another period of softness for crude ahead, Brent to fall into the mid-high USD 50/bbl region for the majority of 2026. Expect the market to be in a “significant” surplus before then returning to balance in H2-2027.
Geopolitics
- “Syria: Israeli forces infiltrate the southern countryside of Quneitra”, according to Al Arabiya.
- Israeli Air Force struck multiple sites in Lebanon on Monday and early Tuesday, ahead of a key disarmament meeting, according to POLITICO.
- North Korea accuses Japan of reinvasion plotting over record-high defence budget, according to Yonhap.
- Shooting reported near presidential palace in Caracas, although Venezuelan government said situation is under control.
- US House Speaker Johnson said not expecting US troops on the ground in Venezuela, according to Bloomberg’s Erik Wasson.
- Witnesses reportedly heard loud blasts near the Presidential Palace in Caracas, Venezuela, according to Bloomberg’s Erik Wasson.
- Al Jazeera notes report of Israeli raid on vicinity of southern Lebanese town of Al-Ghaziyah.
- US President Trump has a list of demands for Venezuela’s new leader including stopping oil sales to US rivals, according to POLITICO. “U.S. officials have told Delcy Rodriguez that they want to see at least three moves from her: cracking down on drug flows; kicking out Iranian, Cuban and other operatives of countries or networks hostile to Washington; and stopping the sale of oil to U.S. adversaries”.
- US President Trump said Venezuela has to be fixed before elections and that acting President Rodriguez has been cooperating with the US, while Trump’s advisor Miller said Venezuela is cooperating with the US and needs US permission to do any commerce. said:. US may subsidise an effort by oil companies to rebuild the country’s energy infrastructure. Would not need lawmakers to act in order for him to send US troops back into Venezuela.
- CIA reportedly concluded that Venezuela’s Maduro regime loyalists were best placed to lead Venezuela after Maduro, according to WSJ.
US Event Calendar
- 8:00 am: Fed’s Barkin Speaks on Economic Outlook
- 8:30 am: Fed’s Miran Speaks on Fox Business
- 9:45 am: Dec F S&P Global U.S. Services PMI, est. 52.9, prior 52.9
- 9:45 am: Dec F S&P Global U.S. Composite PMI, prior 53
DB’s Jim Reid concludes the overnight wrap
Happy NY to you from me for my first EMR of the year after 10 days in the Alps where my back stopped me from skiing, but the family just about managed to find enough snow to do so. Just 29 years after its release I watched Titanic for the first time during the trip, and Shaun the Sheep. Shaun the Sheep is very funny, Titanic less so.
From nautical disasters to economic ones, yesterday I published a short chart pack (link here) which documents the remarkable long-term decline of the Venezuelan economy, with a particular focus on the sharp deterioration since the early 2010s. In terms of other pieces, our new Head of Geopolitcal Research Helen Belopolsky in my team published a
quick note here on what the story tells us about Trump 2.0 in 2026 and our LatAm economist Francisco Campos published a blog here on the implications for the region.
So, in a fascinating start to the year, developments in Venezuela continued to dominate the headlines yesterday, as investors were finally able to react to the removal of President Nicolás Maduro. But for global markets, the striking thing was how most assets were almost completely unfazed by the geopolitical risk. The S&P 500 (+0.64%) closed -0.43% beneath its record high, and Europe’s STOXX 600 (+0.94%) hit a fresh record. And despite an uptick in oil prices (reversing the small dip at the Asian open yesterday), there was even a bond rally on both sides of the Atlantic too, as a weak ISM manufacturing print pushed yields lower for 10yr Treasuries (-3.0bps) and bunds (-3.0bps).
In terms of the latest, Maduro appeared in a New York court yesterday, pleading not guilty to drug trafficking and other charges and claiming “I am still president”. Meanwhile, in Venezuela Delcy Rodríguez was sworn in as interim president, calling for peace in the country. Overall, this left a sense that a smooth transition was playing out for now, though there were reports of some explosions in Caracas last night.
Whilst global markets saw little reaction to the Venezuela developments, a few specific assets did see some outsized moves. Most obviously, there was a clear reaction among Venezuela’s bonds, with those maturing in 2027 surging by +29.28% on the day, moving up to 42.5 cents on the dollar. Another beneficiary were US oil stocks, and energy companies in the S&P 500 were up +2.67% yesterday. That included Chevron (the only major US oil company still operating in Venezuela), which posted a +5.10% increase, alongside big jumps for oil services majors SLB (+8.96%) and Halliburton (+7.84%). Last night, Trump suggested the administration might subsidise investment to rebuild Venezuela’s oil production and, according to Bloomberg, Energy Secretary Chris Wright plans to meet with oil executives this week. Meanwhile, precious metals also saw the usual uptick we normally get in times of geopolitical stress, with gold (+2.70%) and silver (+5.18%) prices experiencing strong gains as well. Silver continuing its stunning gains from recent weeks.
Against this backdrop, oil prices had a topsy-turvy session, swinging between gains and losses through the day. Initially when markets opened, there had been optimism that Maduro’s removal would open the way for higher oil production, particularly if US companies went in to repair the infrastructure as Trump had indicated. So that meant Brent crude initially fell beneath $60/bbl, down -1.65% from its closing level on Friday. But as the session went on, those initial hopes were tempered by the realisation that it would be difficult to rebuild that infrastructure quickly, and without significant cost. In the near-term there may even be disruption to the current Venezuelan supply, forcing normal buyers to quickly purchase elsewhere. So oil prices clawed back those losses to close up +1.66% at $61.76/bbl. In Asia it’s down around -0.3%.
In the meantime, there’s also been renewed focus on Greenland, given Trump’s weekend comments that “We need Greenland from the standpoint of national security”. That led to a response from Danish PM Mette Frederiksen yesterday, who said she took Trump’s threats seriously, and that “if the US chooses to attack another NATO country militarily, then everything stops, including NATO”.
Whilst there were plenty of geopolitical developments, global equity and bond markets took those in their stride yesterday, with a cross-asset advance on both sides of the Atlantic. In part, that was down to a softer-than-expected ISM manufacturing print in the US, which raised hopes that the Fed would keep cutting rates this year. The headline measure for that fell to a 14-month low of 47.9 in December, and both the new orders (47.7) and employment (44.9) components were also clearly in contractionary territory. Prices paid (58.5) were within a couple of tenths of expectations. Fed funds futures were pricing in 60bps of cuts by the December 2026 meeting at the close, up +2.2bps compared with Friday. And in turn, US Treasuries rallied across the curve, with the 2yr yield (-2.2bps) down to 3.45%, whilst the 10yr yield (-3.0bps) fell to 4.16%. Overnight, they are back up +1.2bps and +2.0bps respectively.
The prospect of faster rate cuts and the absence of a negative shock from the Venezuela developments meant it was also a good day for equities. Indeed, the S&P 500 (+0.64%) moved back within half a percent of its record high on Christmas Eve. The Dow Jones (+1.23%) reached a new record high of its own, with the small cap Russell 2000 (+1.58%) also surging as cyclical stocks outperformed. And the Mag-7 (+0.88%) rebounded after a run of 5 consecutive losses. Meanwhile in Europe, there were a whole bunch of records, with the STOXX 600 (+0.94%) and the DAX (+1.34%) both closing at record highs, whilst Italy’s FTSE MIB (+1.04%) closed at its highest level since 2000.
Otherwise in Europe, Bloomberg reported yesterday that Italy planned to support the EU free-trade agreement with Mercosur. The article said that they’d back the deal when ambassadors vote on January 9, enabling the EU to sign on January 12. Meanwhile, sovereign bonds also rallied across the continent, with 10yr bund yields (-3.0bps) coming down to 2.87%, moving off their two-year high on Friday.
In Asia, equity markets are on course for their best start to a year since 2012. As I check my screens, the Hang Seng (+1.64%), Shanghai Comp (+1.19%), Nikkei (+1.09%) and the KOSPI (+0.93%) are all leading the way. Japan’s Topix is surging +1.46% to reach a record high, bolstered by widespread gains in technology, industrial, and export-oriented sectors. S&P 500 (+0.13%) and NASDAQ 100 (+0.24%) futures are both inching higher along with European futures.
10-year JGBs are +1.4bps at 2.123%, marking its highest point since 1999, after an auction that went ok. The bid-to-cover ratio was recorded at 3.30, in contrast to 3.59 from the last auction and a 12-month average of 3.24. 30-year JGB yields are up +3.9bps.
Looking at the day ahead now, the main data releases will be the German and French CPI prints for December, along with the final services and composite PMIs for December from the US and Europe. Otherwise, central bank speakers include the ECB’s Villeroy and Cipollone, along with the Fed’s Barkin.
l b European opening report
Chinese imposes export controls on Japan; Trump to deliver remarks at a GOP retreat – Newsquawk US Opening News
Tuesday, Jan 06, 2026 – 06:06 AM
- US President Trump is scheduled to deliver remarks at a GOP member retreat at 10:00EST/15:00GMT on Tuesday and will participate in a meeting at 14.30EST/19:30GMT on Tuesday.
- China Commerce Ministry imposes export controls on dual-use items to Japan, effective immediately.
- European bourses are mostly firmer; US equity futures are mixed, with the RTY under slight pressure.
- Mostly uneventful trade across G10s but EUR subdued post-PMI & German State CPI.
- Bonds initially pressured before EGBs benefitting from German State CPIs ahead of the 13:00GMT mainland print.
- Crude initially lower but now a touch in the green; XAU extends on Monday’s gains as Copper reaches another ATH.
- Looking ahead, German CPI (Dec), US S&P PMI Final (Dec), Speakers including Fed’s Barkin, US President Trump, Fed Discount Rate Minutes.
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EUROPEAN TRADE
EQUITIES
- European bourses (STOXX 600 U/C) opened with very modest gains, but have indices have since slipped a touch off best levels to show a bit more of a mixed picture in Europe.
- European sectors are mixed, with Health Care, Energy, and Basic Resource leading. Energy is advancing on higher crude prices, despite the absence of a clear catalyst. On a stock-specific basis, the sector is also being supported by gains in heavyweight names such as Shell (+1.6%) and BP (+1.9%). Meanwhile, sentiment in Basic Resources has been underpinned by strength in metal prices.
- US Equity futures are modestly lower/flat. Early pressure in indices were seen after China’s Commerce Ministry imposed export controls on dual-use items to Japan; this weighed on Nikkei 225 futures, and eventually weighed on global equity sentiment.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
FX
- DXY resides in a narrow 98.161-98.425 range after recovering from worst levels on the back of some EUR softness (more below), although price action across FX thus far has been muted vs other markets (Equities, Fixed Income, Commodities). The US docket for today only consists of S&P Services and Composite Final PMIs alongside commentary from Fed’s Barkin and Miran. Perhaps more importantly, US President Trump is due to give remarks later today.
- EUR is on a softer footing, with early weakness commencing shortly after the revisions lower to the French PMIs, whilst downward revisions in German Composite and EZ PMIs further weighed on the single currency. Moreover, German State CPIs were more dovish than the Nationwide figure (at 13:00 GMT) implies. EUR/USD resides towards the bottom end of a 1.1708-1.1743.
- GBP/USD trades flat towards the bottom of a 1.3528-1.3568 range with little immediate move seen on the slight revision higher in UK Services and Composite PMIs, with EUR/GBP flat intraday in a narrow 0.8644-0.8660. USD/JPY is also flat in a 156.17-156.80 range and largely trading at the whim of the USD.
- Antipodeans also see little price action but AUD continues to be supported by the recent rally in copper and gold.
- Click for NY OpEx Details
FIXED INCOME
- Benchmarks began the morning on the backfoot, with downside of around five and 20 ticks for USTs and Bunds respectively. Action that came as the benchmarks trimmed into and through the APAC session, with further pressure emanating from weak demand at the Japanese 10yr tap; an auction that sent JGBs lower from 132.23 to a 131.93 session trough, trimming initial gains of around 15 ticks to losses of 16 at worst.
- Since, the complex generally benefited incrementally from a dip in the risk tone as China imposed export-controls on dual-use items to Japan.
- For EGBs, no real move to the French Prelim. HICP metrics, which came in as expected M/M and slightly cooler than expected Y/Y at 0.7% (prev. 0.8%). More pertinently, the German State CPIs ahead of the 13:00GMT nationwide figure, where consensus is for the headline Y/Y to moderate to 2.0% (prev. 2.3%) and the HICP Y/Y to 2.2% (prev. 2.6%); for the respective M/M, at 0.3% (prev. -0.2%) and 0.4% (prev. -0.5%). State CPIs lifted Bunds to a 127.67 high, firmer by 27 ticks at most. A move perhaps driven by the M/M for North Rhine-Westphalia coming in at 0.0% (prev. -0.3%), cooler than the nationwide expectations, as above, for a lift to 0.2% (prev. -0.2%).
- Ahead, USTs look to remarks from Fed’s 2027 voter Barkin, text and Q&A expected, before the region’s own Final PMIs.
- Germany sells EUR 4.4547bln vs exp. EUR 6bln 2.00% 2027 Schatz: b/c 1.93x (prev. 1.7x), average yield 2.11% (prev. 2.05%), retention 24.22% (prev. 20.82%).
COMMODITIES
- Crude benchmarks started the APAC session on the backfoot, paring back some of Monday’s gains before extending higher as the European session gets underway, despite a lack of crude-specific drivers.
- WTI and Brent pulled back to a low of USD 57.85/bbl and USD 61.31/bbl respectively after peaking at USD 58.51/bbl and USD 61.89/bbl in Monday’s session. Benchmarks then bid higher pretty aggressively despite a clear explanation for the move, reaching a session high of USD 58.67/bbl and USD 62.14/bbl before pulling back slightly.
- Spot XAU trades choppy but managing to hold onto modest gains as the yellow metal sits above USD 4450/oz. After dipping to a trough of USD 4428/oz early in the APAC session, XAU extended on Monday’s gains to peak at USD 4476/oz as European traders entered the market. Thus far, the yellow metal is trading in a tight USD 26/oz band above USD 4450/oz.
- 3M LME Copper continued its bid to new ATHs throughout the Asia-Pac session, following the risk-on tone in Asian equities. The red metal opened at USD 13.1k/t and immediately bid higher, peaking at USD 13.39k/t as the European session gets underway. As equities started to pull back, led by Nikkei 225 futures, following the imposition of export controls on dual-use items to Japan by China, 3M LME Copper has started to fall lower and is currently trading at USD 13.24k/t.
- China skips retail gasoline and diesel price adjustment.
- Goldman Sachs said Chinese steel mills face an extended period of depressed margins as efforts to cut capacity in the sector goes slower than expected, while exports remain high.
- ANZ said Venezuela oil output increase is unlikely until the end of the decade as aging infrastructure will require billions of dollars in spending, according to Bloomberg.
- Morgan Stanley expects another period of softness for crude ahead, Brent to fall into the mid-high USD 50/bbl region for the majority of 2026. Expect the market to be in a “significant” surplus before then returning to balance in H2-2027.
TRADE/TARIFFS
- China Commerce Ministry imposes export controls on dual-use items to Japan, effective immediately.
NOTABLE EUROPEAN DATA RECAP
- UK S&P Global Services PMI Final (Dec) 51.4 vs. Exp. 51.3 (Prev. 51.3).
- UK S&P Global Composite PMI Final (Dec) 51.4 vs. Exp. 51.2 (Prev. 51.2).
- UK BRC Shop Price Index YY (Dec) 0.7% (Prev. 0.6%).
- German North Rhine Westphalia CPI YoY (Dec) 1.8% Y/Y (Prev. 2.3%).
- German Hesse CPI YoY (Dec) 2.2% Y/Y (Prev. 2.5%).
- German Hesse CPI MoM (Dec) +0.1% M/M (Prev. -0.2%).
- German North Rhine Westphalia CPI MoM (Dec) 0.0% M/M (Prev. -0.3%).
- German Brandenburg CPI YoY (Dec) 2.2% Y/Y (Prev. 2.6%).
- German Brandenburg CPI MoM (Dec) 0.4% M/M (Prev. -0.2%).
- German Saxony CPI YoY (Dec) 1.9% Y/Y (Prev. 2.2%).
- German Saxony CPI MoM (Dec) 0.2% M/M (Prev. -0.2% ).
- German HCOB Composite Final PMI (Dec) 51.3 vs. Exp. 51.5 (Prev. 51.5).
- German HCOB Services PMI (Dec) 52.7 vs. Exp. 52.6 (Prev. 52.6).
- EU HCOB Composite PMI Final (Dec) 51.5 vs. Exp. 51.9 (Prev. 52.8).
- EU HCOB Services PMI Final (Dec) 52.4 vs. Exp. 52.6 (Prev. 53.6).
- French HCOB Services PMI (Dec) 50.1 vs. Exp. 50.2 (Prev. 50.2).
- French HCOB Composite PMI (Dec) 50.0 vs. Exp. 50.1 (Prev. 50.1).
- French CPI (EU Norm) Prelim YY (Dec) 0.70% vs. Exp. 0.80% (Prev. -0.80%); MM (Dec) 0.10% vs. Exp. 0.10% (Prev. -0.20%).
- Italian HCOB Composite PMI (Dec) 50.3 (Prev. 53.8).
- Italian HCOB Services PMI (Dec) 51.5 vs. Exp. 54.2 (Prev. 55.0).
- Spanish Services PMI (Dec) 57.1 vs. Exp. 54.5 (Prev. 55.6).
- Spanish Composite PMI (Dec) 55.6 vs. Exp. 54.3 (Prev. 55.1).
- UK grocery inflation 4.3% in the four weeks to Dec 28th (prev. 4.7% in Nov); grocery sales +3.8% Y/Y over the four-week period.
CENTRAL BANKS
- ECB’s Villeroy said recent French CPI reading is good news for favourable rates.
- PBoC held a meeting on Jan 5-6; continue moderating easing, integrate incremental and stock policy effects; will intensify counter cyclical and cross-cyclical adjustments. Will make efforts to expand domestic demands. Will prudently defuse risks in key areas. Will keep liquidity ample. Will flexibly use RRR cut and rate cut. Will keep Yuan exchange rate basically stable at a reasonable and balanced level. Vows to strengthen market expectation guidance. Will enhance supervision on bond market and gold market. Will boost market confidence.
- PBoC set USD/CNY mid-point at 7.0173 vs Exp. 6.9730 (Prev. 7.0230).
NOTABLE US HEADLINES
- US President Trump is scheduled to deliver remarks at a GOP member retreat at 10:00EST/15:00GMT on Tuesday and will participate in a policy meeting at 14.30EST/19:30GMT on Tuesday.
- US President Trump posted “Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS”. Full post “Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS (NOT MIXED!), TAKE CHICKEN P SHOT SEPARATELY, TAKE HEPATITAS B SHOT AT 12 YEARS OLD, OR OLDER, AND, IMPORTANTLY, TAKE VACCINE IN 5 SEPARATE MEDICAL VISITS! President DJT”.
NOTABLE US EQUITY HEADLINES
- NVIDIA (NVDA) CEO said there is strong demand from China for H200, while Co. has applied for licenses to ship H200 chips to China, and US government is working to process them. Co. said DRIVE Hyperion ecosystem is expanding to include tier 1 suppliers, automotive integrators and sensor partners, including Aeva (AEVA), AUMOVIO (AMV0 GY), Astemo, Arbe (ARBE), Bosch, Hesai (HSAI), Magna (MGA), Omnivision (603501 CH), Quanta, Sony (6758 JT) and ZF Group.
- Microchip Technology (MCHP) sees Q3 revenue at USD 1.19bln (exp. 1.182bln, prev saw. 1.11-1.15bln); preparing to ramp factories in March to lower charges and seen substantial inventory reduction to lower write-off.
GEOPOLITICS
OTHERS
- “Syria: Israeli forces infiltrate the southern countryside of Quneitra”, according to Al Arabiya.
- Israeli Air Force struck multiple sites in Lebanon on Monday and early Tuesday, ahead of a key disarmament meeting, according to POLITICO.
- North Korea accuses Japan of reinvasion plotting over record-high defence budget, according to Yonhap.
- Shooting reported near presidential palace in Caracas, although Venezuelan government said situation is under control.
- US House Speaker Johnson said not expecting US troops on the ground in Venezuela, according to Bloomberg’s Erik Wasson.
- Witnesses reportedly heard loud blasts near the Presidential Palace in Caracas, Venezuela, according to Bloomberg’s Erik Wasson.
- Al Jazeera notes report of Israeli raid on vicinity of southern Lebanese town of Al-Ghaziyah.
- US President Trump has a list of demands for Venezuela’s new leader including stopping oil sales to US rivals, according to POLITICO. “U.S. officials have told Delcy Rodriguez that they want to see at least three moves from her: cracking down on drug flows; kicking out Iranian, Cuban and other operatives of countries or networks hostile to Washington; and stopping the sale of oil to U.S. adversaries”.
- US President Trump said Venezuela has to be fixed before elections and that acting President Rodriguez has been cooperating with the US, while Trump’s advisor Miller said Venezuela is cooperating with the US and needs US permission to do any commerce. said:. US may subsidise an effort by oil companies to rebuild the country’s energy infrastructure. Would not need lawmakers to act in order for him to send US troops back into Venezuela.
- CIA reportedly concluded that Venezuela’s Maduro regime loyalists were best placed to lead Venezuela after Maduro, according to WSJ.
CRYPTO
- Bitcoin is a little firmer and trades above USD 93k, with Ethereum also rising beyond USD 3.2k.
APAC TRADE
- APAC stocks were mostly higher following the positive handover from Wall Street, where all major indices gained amid outperformance in energy and a softer yield environment.
- ASX 200 was the laggard with the index dragged lower by weakness in defensives and the top weighted financial sector, while metal and mining stocks were boosted after the recent climb in underlying commodity prices and reports of an AUD 8.8bln takeover offer for BlueScope Steel.
- Nikkei 225 rallied at the open to back above the 52,000 level with the advances led by mining and tech-related stocks.
- Hang Seng and Shanghai Comp conformed to the predominantly upbeat mood, with outperformance in Hong Kong helped by strength in some property names and miners, while aluminium producer China Hongqiao Group led the advances as aluminium prices printed fresh three-year highs.
NOTABLE ASIA-PAC HEADLINES
- Japan sold JPY 1.96tln 10yr JGB, b/c 3.30x (prev. 3.59x), average yield 2.095% (prev. 1.872%). Lowest accepted price 99.99 vs prev. 98.53. Average accepted price 100.04 vs prev. 98.57. Tail in price 0.05 vs prev. 0.04.
- Japan’s nuclear regulator said no irregularities at Chugoku Electric’s (9504 JT) Shimane nuclear power plant following the earthquake.
- Earthquake with a preliminary magnitude of 6.3 strikes at the Shimane Prefecture in Japan, according to NIED.
NOTABLE APAC DATA RECAP
- Japanese Monetary Base YY (Dec) -9.8% (Prev. -8.5%).
- Australian Composite PMI (Dec F) 51.0 (Prelim. 51.1).
- Australian Services PMI (Dec F) 51.1 (Prelim. 51.0).
1 c Asian report
2b. JAPAN
JAPAN//CHINA
Rare earths and some other important goods are now part of export control on the part of China.
obviously things are escalating
(zerohedge)
China Slaps Export Controls On Japan For Dual-Use Items, Rare Earths, Could Impact Semiconductors
Tuesday, Jan 06, 2026 – 10:10 AM
More steady escalation between US-ally Japan and China has emerged, but things just got much more significant – moving from initial Chinese restrictions on things like seafood or cultural exchange events, to now Beijing announcing an immediate ban on all goods deemed dual use for Tokyo. Some rare earth elements are included in this, which impacts a range of technologies, goods, and services with both civilian and military applications.
Japanese Prime Minister Sanae Takaichi – still relatively early and fresh in her tenure – likely regrets her words from last November before her parliament, where she for the first time ever in Japan’s history suggested the Japanese military could intervene to defend Taiwan from a future Chinese invasion of the self-ruled island. However, the Chinese demand for a full public retraction and apology hasn’t come, which means Beijing is now engaged in more screw-tightening to demonstrate how serious it is.
In unveiling the new punitive measures Tuesday, a spokesperson for China’s Commerce Ministry once again hammered on Takaichi’s “erroneous” comments and that China’s national security and interests must be “safeguarded”.
“These comments constitute a crude interference in China’s internal affairs, seriously violate the one-China principle and are extremely harmful in nature and impact,” the statement said, followed by a warning that any entity or individual which violates the export ban will be held legally accountable.
These new controls may affect shipments of semiconductors and rare earth materials to Japan’s Self-Defense Forces and defense industry firms – which is without the intent, and signals that greater punishment and damage could be further implemented at any time.
However, the fresh announcement did not identify specific importers subject to the ban, with details not disclosed, and it remaining unknown just how these controls will be implemented or handled.
Beijing in addition to citing national security, described the move as vital to non-proliferation, especially in light of Tokyo’s anti-China stance in the region.
China had already been steadily retaliating through measures related to curbing trade, cultural exchanges, and tourism – coupled with threats of more punitive action to come. There have lately been some serious military ‘close calls’ as well.
As DA Sails notes, “It’s a reminder that export controls are now a frontline geopolitical tool, not just a trade policy.”
China’s overnight announced ‘dual use’ export controls on Japan…
For example, early December saw an incident play out of Japan where Chinese PLA military aircraft locked radar on Japanese fighter jets, helping relations continue to spiral to their lowest point in many years.
All the while, Beijing has kept up its fiery denunciations, making clear there’s “no space” for ambiguity on what China sees as its territory (Taiwan). Previously the foreign ministry has explained, “China has made its serious position clear several times on Japanese Prime Minister Sanae Takaichi’s wrongful remarks on Taiwan.” And: “The remarks seriously violate the spirit of the four political documents between China and Japan, and cause fundamental damage to the political foundation of China-Japan relations.”
3. CHINA/
4 EUROPEAN/NATO AFFAIRS/SCANDINAVIA
EU
TOTALLY INSANE!!
EU’s Carbon Border Tax Goes Live And Trade Partners Are Not Amused
Tuesday, Jan 06, 2026 – 08:05 AM
Authored by Irina Slav via OilPrice.com,
- The EU’s carbon border adjustment mechanism launched on January 1 aims to level the playing field for European steel, cement, and power producers by taxing the carbon content of imports from countries with weaker emissions rules.
- China has threatened retaliation, calling CBAM unfair and discriminatory.
- While CBAM may protect EU industry, it risks higher prices for consumers and escalating trade disputes with major exporters
On Thursday, January 1st, the EU carbon border adjustment mechanism entered into effect with the goal of improving the competitiveness of European goods manufacturers against non-EU companies operating in laxer emissions reduction frameworks.
China was the first to threaten retaliation.
t won’t be the last.
The carbon border adjustment mechanism, or CBAM for short, was devised to remedy the unintended effects of the world’s most stringent emission-reduction standards for the industrial sphere, namely, sky-high costs that make the end product uncompetitive. This became especially painful for European makers of things such as steel and cement, where the biggest competitor is China—which does not have anything resembling the emission reduction requirements of the EU, so its steel and cement are very cheap, and buyers prefer them.
In other words, in order to boost the competitiveness of European steel and cement manufacturers—and electricity generators, too—the European Union made sure that cheaper imported steel, cement, and electricity are not that cheap anymore. China and India are unhappy about—and there are things they can do that will not help the competitiveness of European businesses.
As soon as the CBAM entered into effect, China’s Ministry of Commerce issued a statement, in which it called the legislation “unfair” and “discriminatory”, Bloomberg reported.
“We will resolutely take all necessary measures to respond to any unfair trade restrictions,” the ministry said in its statement.
“CBAM is quite unpopular among major exporters to the EU, but it has already proven to be quite effective in pushing reticent countries towards building or expanding carbon pricing efforts,” one consultant specializing in carbon permit markets, told the Financial Times.
“So it’s a major policy shift for the EU to protect its own industry, while at the same time leveraging the carbon pricing idea to third countries.”
China, in fact, has its own carbon market, has had it since 2021, and it is the biggest carbon market in terms of the volumes of carbon emissions covered by it. With China, it’s not about selling the idea of carbon markets to third countries; it is about competitiveness. And China is not pleased that its competitiveness will be compromised.
In simple terms, the carbon border adjustment mechanism puts a price on the carbon dioxide emissions generated during the production of a good such as cement or steel. The price is based on calculations of the emissions from the respective industries in countries that export to the European Union. The mechanism puts a so-called default emission value for the production of a certain good, and also emission benchmarks, to be used in tandem in a way that is as of yet unclear, but some say it is, in fact, benefiting China.
Politico reported the concerns at the end of last year, citing industrial executives as saying the default values for emissions for certain countries that export to the EU were set too low to be real, including some steel production in China that, according to these estimates, turned out to be lower-emission than steel production in the EU.
“Inconsistencies in the figures of default values and benchmarks would dilute the incentive for cleaner production processes and allow high-emission imports to enter the EU market with insufficient carbon costs,” an industry representative told Politico.
“This could result in a CBAM that is not only significantly less effective but most likely counterproductive.”
Meanwhile, Indian steel imports are about to dry up because Indian steel producers appear not to have been included in the “inconsistencies”. India is the world’s second-largest steel producer after China and exports as much as 66% of its output to the European Union.
This is about to drop sharply next year because India’s steel manufacturing is done in blast furnaces fueled with coal, which is incompatible with the European Union’s emission reduction plans. The Reuters report notes steel mills could switch to electric arc furnaces, which have a lower emissions footprint, but such a switch would take time and money.
“Most of the companies are yet figuring out a way to deal with CBAM,” one analyst told Reuters. “In the near term, it is expected to slow down India’s exports to EU,” Ravi Sodah, from Elara Capital, also said.
So, two of the world’s largest exporters of industrial goods, and major suppliers to the European Union specifically, are planning to respond to the CBAM by, at least in one case, curbing exports.
This would sure clear up the market for European producers, but it will not be welcome news to consumers of those goods, who would be footing the bill for what is essentially market intervention on the part of the European Union, and a protectionist market intervention, at that.
The United States is not going to be happy about it, either, and it will soon make its unhappiness known.
end
GERMANY
KOLBE
and just like Iran and Venezuela: when the middle class is under siege you get revolts!
(Kolbe)
Germany’s Middle Class Under Siege In 2026
Tuesday, Jan 06, 2026 – 03:30 AM
Submitted by Thomas Kolbe
Save in times of plenty, and you’ll have in times of need. An old German proverb, now proving tragically prophetic. The hardship caused by a completely derailed climate-socialist ideology is only just beginning. This socialist experiment is likely to continue ravaging the country until its economic substance is entirely consumed.
The new year begins as the old one ended: a fiscal raid on the wallets of the middle class. In Brussels and Berlin, there is satisfaction that citizens have been quietly, without spectacle, subjected to yet more tax increases—whose revenues, like a rising tide, lift all ships only slightly.
On January 1, the CO₂ price per ton of emitted gas rose from €55 to €65. This levy, applied to fossil fuels such as gasoline, diesel, natural gas, and heating oil, threads like a red line through the entire value chain—even reaching private households’ bills. The green extraction mechanism is now firmly entrenched, funding Brussels’ expanding activities increasingly, and is defended tooth and nail by the ruling politicians.
The Lie of Tax Relief
When the federal government celebrates its minimal tax relief for lower- and middle-income groups, reality tells a different story. In truth, these relentless fiscal collectors are increasing the tax burden further. Only the distracting work of state-affiliated media prevents the growing hyperstate’s costs from becoming fully visible.
2026 is set to become an expensive year for Germany’s shrinking middle class, visible soon on the first paycheck of the year. That will reveal the true cost of an overextended welfare state and the one-of-a-kind experiment of transforming Germany’s social insurance system into a quasi-global insurance scheme.
Never since World War II has the German middle class faced such fiscal and economic pressure.
The Burden of State Subsidies on the Middle Class
The countless subsidies and state interventions financing the complex “green arts” sector, the Ukraine war, and now the military buildup constitute a direct attack on the German middle class. Businesses and net taxpayers pay an ever-rising “blood price” each year to sustain Berlin’s and Brussels’ ideological and power ambitions.
The still-active renewable energy subsidy program, the EEG, alone consumes over €16 billion this year for an energy grid that, since the end of nuclear power, no longer provides a secure base for industrial production, sending both industrial and household electricity costs to dizzying heights. Trittin’s “ice ball” has become a cost Himalaya no one can climb.
Germany’s seven-year industrial decline, which is now accelerating, precisely chronicles the path of the deliberate destruction of its industrial base. Nearly 300,000 industrial jobs have been lost since 2018—tragic, yet apparently of little concern to Berlin’s policymakers.
Local city treasurers, however, are feeling the pain: as corporate tax revenues collapse under industrial destruction, citizens can expect cuts in public services and steep tax hikes. Schools, kindergartens, sports facilities—all face drastic savings. A big “thank you” goes to Berlin central planning.
Industry on the Edge: Loans Fizzle
What Friedrich Merz, Ursula von der Leyen, and other central planners aim for is clear: using state loans to occupy freed-up industrial capacities. Yet no matter how much funding flows into the new social program under the banner of a special fund for green and military production—the effect has already fizzled. In December, the entire Eurozone industrial sector, measured by current Purchasing Managers’ Indices (PMI), slipped into recession. Germany has been continuously downsizing its industry for seven years.
A victory for Brussels’ central planners, whose goal appears to be the economic and geopolitical neutralization of the country. After years of deindustrialization and waves of bankruptcies, this strategy is hard to interpret otherwise. Germany’s PMI now sits at 47 points—clearly in contraction. Hundreds of thousands of jobs will be lost this year. Last year alone, 24,000 companies went bankrupt. Exact figures for job and net direct investment outflows are not yet available; in 2024, €64.5 billion flowed out of Germany. German industry is no longer competitive.
Quick Blame Game
The culprits are quickly identified. U.S. tariffs, a favorite topic of sympathetic media, are often cited, though the crisis began long before Donald Trump. Dumping competition from China is also highlighted. While this is a factor, 99 percent of Germany’s economic problems are homegrown.
No one forced the country to keep its borders wide open for a decade, pushing its social insurance to the brink of collapse—all to create new voter bases for the united political left and to break resistance from the bourgeois right.
Shrinking Middle Class and Falling Investments
This trend is reflected in the middle class. The DATEV SME Index shows falling real revenues across all sectors, particularly trade, construction, and consumer services. Investments are nearly frozen: only 20 percent of companies plan rising investments, according to LBBW’s SME radar for the coming year.
The ideological green agenda has left its mark. High electricity costs, falling incomes, and persistent inflation are bleeding the middle class dry. Retail felt this for the first time during Christmas: nominal sales rose 1.5 percent, yet real sales fell by 1 percent in the peak month.
Economic stress will be a constant companion for Germany’s middle class in 2026. High property prices, zero real interest on savings, and rapid erosion of economic substance collide with an ever-expanding state. Bureaucracy and the state apparatus are evolving into a parasitic leviathan, funded by a shrinking number of contributors.
Consequences for Industry, Trade, and City Centers
Too much depends on Germany’s high industrial value creation: service businesses, high factor incomes, and secure municipal finances—all are now being lost, reflected in city centers.
Where once life flourished, roughly 5,000 retailers die every year, an irretrievable loss. The desolation mirrors what citizens feel in their wallets: the ebb has begun.
The middle class’s evaporating purchasing power is most visible in hospitality, where families cut costs first. Hotels lost 3.7 percent in real revenue in 2025, while restaurants and bars fell 4.1 percent year-on-year. Households are saving wherever possible. High energy costs, rising social charges, and a weakening job market leave a trail of economic decline.
Missed Lessons: The Population and the Crisis
Structural economic crises take time to penetrate public consciousness. Most households first tighten belts without complaint.
The state exploits this calm before the storm to consume citizens’ wealth faster than the private sector can compensate. With net new debt over 5.5 percent this year—including accounting tricks—this is particularly evident. The devotion of a portion of the population to ideological doctrine becomes an expensive, destructive tragedy.
Germany faces a nation unprepared to draw necessary lessons: reversing migration policy, adapting the bloated state apparatus to new economic realities, and downsizing accordingly. A turn toward a meritocratic market economy remains absent.
Until these lessons are learned and acted upon, Germany will continue to fall.
* END
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
tbn israel last 24 hrs…
Israel vs Hamas
IRAN/SYRIA
Iran plotting to assassinate Syria’s President Ahmed al-Sharaa, IDF sources warn
The warning was issued recently against the backdrop of the opening of contacts between Israel and Syria.
Illustrative image of Syria’s President Ahmed al-Sharaa and Iran’s Supreme Leader Ayatollah Ali Khamenei.(photo credit: ALEXANDER ZEMLIANICHENKO/POOL VIA REUTERS, Office of the Iranian Supreme Leader/WANA (West Asia News Agency)/Handout via REUTERS)ByAMIR BOHBOTJANUARY 5, 2026 17:01Updated: JANUARY 5, 2026 22:44
Iran is working together with additional hostile elements to assassinate Syrian President Ahmed al-Sharaa, IDF sources warn.
The warning was issued recently against the backdrop of the opening of contacts between Israel and Syria. It also comes amid rising regional tensions and is based on security intelligence indicating that Sharaa faces real threats and has been forced to invest significant efforts in protecting himself and stabilizing his regime.
It also comes as the defense establishment emphasizes that the lessons of October 7 require insistence on an IDF presence on Syrian territory. According to the security establishment’s position, this presence is defined as a “primary shield” for communities along the Israeli-Syrian border
Walla has learned that in recent months, several discussions have taken place under the leadership of Defense Minister Israel Katz with the participation of senior defense establishment officials. At the end of the discussions, it was decided that the establishment’s position is that there should be no withdrawal from Syrian territory and the Mount Hermon region.
A senior IDF security source said that the army’s senior officials endorsed the defense minister’s position on the matter.
The IDF’s three operational zones in Syria
According to IDF sources, government policy divides Israeli activity in Syria into three main areas. The first is the security zone on the line of contact, where IDF troops operate in the area of the international Israeli-Syrian border, with the aim of directly protecting the nearby communities, as well as deeper into the State of Israel.
The second area is the security zone, which includes Syrian territory within approximately 15 km of the Israeli border. This area contains villages, towns, and traffic routes, and the IDF is working to prevent the entry and establishment of terrorists and terrorist infrastructure.
The third area is the area of influence, which extends from southern Sweida to the outskirts of Damascus. This area is defined as a demilitarized zone where Israel monitors what is happening, with the aim of preventing the entry of hostile elements, the introduction of advanced weapons systems, or the establishment of military bases.
END
IRAN
BBC..
Protests and US warnings shake Iran at its weakest point in years
13 hours agoShareSave
Amir Azimi
BBC News Persian
Iran is no stranger to street protests, but several factors surrounding the current unrest make it very serious.
Monday marks the ninth day since demonstrations broke out, yet even four or five days were enough for President Trump to issue a direct warning to Iranian leaders over the treatment of protesters, saying the US was “locked and loaded“. Then came the US special forces operation targeting Nicolás Maduro in Venezuela, followed by a second warning on Sunday.
Such direct and potential threats from a sitting US president, issued while protests are still ongoing, are highly unusual and could embolden demonstrators and encourage the unrest to spread further.
Iranian police and security forces have already responded violently almost from the outset, and reports by human rights groups claim that more than 20 people have already been killed. Now eyes are on Trump’s possible move.
The protests, which began peacefully on Sunday 28 December, were initially driven by public anger over soaring inflation and the sharp devaluation of the local currency against the US dollar which now stands at about 80% higher than a year ago.
Iran’s economy is in deep trouble, with little prospect for growth this year or next. Official annual inflation stands at around 42%, food inflation exceeds 70%, and some basic goods have reportedly risen in price by more than 110%.
Vulnerable position
International sanctions led by the United States have played a major role in worsening economic conditions, but they are not the full story.
High-profile corruption cases in Iranian courts involving senior officials and their families have reinforced public anger and the belief that parts of the ruling elite are exploiting the crisis.
Many ordinary Iranians believe that certain officials and their relatives benefit directly from sanctions through special arrangements that allow them to control imports and exports, move oil revenues abroad, and profit from money laundering networks.
Even the government officials believe those who are locally called “Sanctions Profiteers” are to blame more than the sanctions themselves.
Merchants in Tehran’s Grand Bazaar were among the first groups to openly protest, closing their shops in response to daily currency fluctuations and taking to the streets to demand government intervention to stabilise the markets.
Demonstrations soon spread beyond the bazaar to other segments of society. Economic slogans quickly turned political, with calls for the removal of the entire Islamic Republic itself.
Students joined the protests, followed by small businesses in other cities and towns and other ordinary Iranians. Within days, chants against Iran’s supreme leader once again became a central feature of the demonstrations.
The last time Iran experienced unrest on a comparable national scale was around four years ago, when the death of Mahsa Amini, a young woman in the custody of the morality police sparked the most widespread anti-government protests since the establishment of the Islamic Republic in 1979.
Those demonstrations, which later became known as the “Mahsa Movement” or “Woman, Life, Freedom”, shook the foundations of the state but were eventually suppressed through force and mass arrests.
Although the current protests have spread rapidly and persisted for days, they have not yet reached the scale or intensity of the 2022 demonstrations.
Journalists in Iran are under immense pressure, and independent international news organisations are either not allowed to report from inside the country or, if granted permission, face severe restrictions on their movements.
As a result, much of what is known comes from social media and people on the streets sharing what they witness and record. This makes verification increasingly difficult, especially as social media can also provide fertile ground for fabrications, unfounded claims, and distorted realities, a challenge further intensified by the rise of AI.
Against this backdrop, many observers believe the present situation could have more serious consequences than 2022. Iran’s government is widely seen as being at its weakest point in decades, facing simultaneous pressure from domestic unrest and a dramatically altered regional environment.
Series of setbacks
The 12-day war in the summer of 2025 between Iran and Israel marked a turning point. The conflict culminated in direct US involvement, including air strikes on Iranian nuclear facilities.
The war severely damaged Iran’s defence capacity, nuclear infrastructure, and several military and industrial sites.
At the same time, Iran’s broader regional position has deteriorated. The fall of Bashar al-Assad in Syria deprived Tehran of a key ally, while sustained Israeli attacks on Hezbollah in Lebanon eliminated much of the group’s senior leadership.
More recently, US operations in Venezuela and snatching of Nicolás Maduro and his wife, Cilia Flores, have further narrowed Iran’s options abroad.
These developments have reshaped the regional and international environment for Tehran. Iran now has fewer allies to rely on in regional conflicts and fewer channels to move oil revenues overseas.
This is particularly significant given Iran’s heavy involvement in Venezuela’s oil sector alongside Russia, and its reliance on complex financial arrangements linked to markets believed to be in China.
The disruption of these networks has increased Iran’s economic vulnerability at a time of mounting internal pressure.
Against this backdrop, Iran’s aging supreme leader, Ali Khamenei, appears to be facing one of the most uncertain moments of his rule.
More than three decades of careful planning to build regional proxy forces, sanction-evasion mechanisms, and nuclear infrastructure have been undermined or destroyed in a relatively short period of time.
With Trump back in the White House and Benjamin Netanyahu in power in Israel, there appears to be no clear diplomatic or strategic path out of the current crisis without a hefty price.
For years, Khamenei and his inner circle justified massive spending on regional allies and the nuclear program as necessary investments in Iran’s long-term security and technological advancement.
Today, that argument appears increasingly hollow. As pressure builds both inside and outside the country, security at home, once presented as the ultimate payoff of those policies, seems more distant than ever.
END
IRAN/ISRAEL
JERUSALEM POST…
US weighing intervention in Iran, indications received by ‘Post’ show
Israel also checking if removal of Maduro will make action against Iran regime possible.
FILE PHOTO: People walk past closed shops, following protests over a plunge in the currency’s value, in the Tehran Grand Bazaar in Tehran, Iran, December 30, 2025.(photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS)ByYONAH JEREMY BOBJANUARY 5, 2026 20:02Updated: JANUARY 5, 2026 22:36
The Jerusalem Post has received multiple indications that the US is considering some intervention in the ongoing Iran protests. At the same time, Israel is also checking if the removal of Venezuelan leader Nicolas Maduro will make action against the Iranian regime possible.
It appears that Israel was surprised by America’s intervention in Venezuela and that this action scrambled Israeli calculations about what might be possible in the Islamic Republic.
Until the intervention by US President Donald Trump in Caracas, most Israeli officials did not view the protests against Iran’s Supreme Leader Ayatollah Ali Khamenei as necessarily approaching the volume necessary to achieve regime change.
In fact, by themselves, the protests are likely still viewed by Israel and the US as insufficient to topple Khamenei.
However, following the abduction of Venezuelan leader Nicolas Maduro, this may have changed.
Washington and Israel explore regime change options in Iran
There are indications that Washington is weighing some targeted intervention to assist the protest movement to get over the top of the Iranian regime.
Likewise, Israel is also checking if the removal of Maduro will make action against the Iranian regime possible.
More specifically, the Mossad has publicly admitted on Twitter to assisting Iranian protesters in the field.
Iran has claimed it has even arrested one of these agents.
Further, Science and Technology Minister Gila Gamliel, who formerly was intelligence minister and had partial responsibility for certain Iran issues, recently wrote in the Post, “The world must…recognize the Iranian people as the key to lasting regional stability and support their aspirations for human rights, freedom, and self-determination, not only through words of sympathy, but through concrete actions whenever and wherever possible.”
She continued, “History shows that regimes built on fear eventually collapse. When that moment arrives in Iran, the question will not be whether change was inevitable, but whether the world helped prepare the ground for a better future,” showing support for concrete action, and not mere words of sympathy.
Prime Minister Benjamin Netanyahu also held a special security meeting after the US actions in Venezuela.
Former defense minister Benny Gantz on Monday explicitly called for Israel and the US to intervene in Iran on behalf of the Iranian protesters to either cause the regime to surrender or topple it.
In June, both US and Israeli officials were universally opposed to seeking regime change, being focused on harming Iran’s nuclear program and its ability to lash out in response to attacks on its nuclear program.
Yet, Tehran’s weak attempts to recover from the June attacks, the protest movement, and America’s quick ability to potentially influence the direction of Venezuelan policy by using military force, without having to mount a large ground invasion, may have changed the calculations.
Officials from both countries, as indicated above, now seem to be exploring new options. It is possible that the US may use some kind of threat of force and even limited force to prevent Khamenei from crushing the protest movement, in order to provide the movement more of a chance to grow.
Israeli officials, as indicated above, are exploring whether the removal of Maduro will make action against the Iranian regime possible.
There are no indications that a final choice has yet been made, especially with Trump still deciding how to handle the aftermath in Venezuela of having abducted Maduro.
But there are indications that, for the first time, there may be a belief that an intervention to assist protesters, which is short of a major invasion to topple the regime, may be viable.
END
TURKEY/ISRAEL
Israel running out of ‘no’s’ on Turkish involvement in Syria, Gaza, source tells ‘Post’
“There is a limit to how many times Israel can say ‘no’ to Trump regarding President Erdoğan,” a source with knowledge of the matter told the Post.
Netanyahu addresses Knesset at 40-signature debate on ‘extremist government’, Jerusalem, January 6(photo credit: Mark Israel Salem)ByAMICHAI STEINJANUARY 5, 2026 22:22Updated: JANUARY 5, 2026 22:31
Israel is running out of chances to block Turkey from being involved in various projects in the Middle East, a source with knowledge of the matter told The Jerusalem Post on Monday.
The Turkish president is evidently seeking a foothold in Syria as well as the interim policing body in Gaza. While Israel has sought to block any Turkish involvement in Gaza, sources say Jerusalem’s options may be limited.
“There is a limit to how many times Israel can say ‘no’ to Trump regarding President Erdoğan. Everyone knows how fond Trump is of him, and after Israel said no to Turkish forces in Gaza, the question is how many more ‘no’s remain,” a source told the Post.
Ahead of the Paris meetings, Erdoğan held a phone call with Trump, which also addressed the issue of Turkish involvement in Syria.
For the first time since October, senior Israeli and Syrian officials are expected to meet in Paris on Tuesday under American auspices.
Leading the Israeli delegation will be Ambassador to the US Yechiel Leiter, Military Secretary Roman Gofman, and a senior official from the National Security Council. Representing Syria will be the Syrian foreign minister; Tom Barrack will attend as the American envoy.
Several preparatory meetings were held on Monday evening ahead of the talks.
Israeli officials say that Syrian President Ahmed al-Sharaa has introduced new demands, both regarding Israeli withdrawal and Israel’s concerns over the Druze community.
The assessment is that no significant breakthrough is expected in the talks, particularly given that until now, Minister for Strategic Affairs Ron Dermer held meetings with Syrian officials, whereas this time a new delegation is involved.
Regarding Gaza, President Erdoğan told Bloomberg in an interview that “it would be difficult for a mechanism without Turkey to gain the trust of the Palestinian people in this regard.”
Israeli, American assessments on Iranian protests
In light of images from Iran showing that protests are becoming increasingly violent, Israel and the United States assess that only in a few days, it will it become clear whether these protests could potentially lead to the fall of the regime, or whether they represent another wave similar to those seen in recent years.
Officials in Washington and Jerusalem say that Iran has not yet deployed its most significant capabilities or special forces to suppress the demonstrations, indicating that there is not yet dramatic panic within the regime.
“It’s not that there is no concern, but there is also no total panic among the regime’s leadership,” a Western diplomat familiar with intelligence assessments told the Post.
President Trump also warned Iran’s leadership that the United States is closely monitoring the protests. “If they kill protesters like they did in the past, they will be hit very hard by the United States,” Trump told reporters.
Russia vs Ukraine
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUE
global issues
Mark Crispin Miller
Dr Paul Alexander
Excellent stack by Hulscher McCullough underscoring the deadliness of the Malone et al. mRNA vaccine, data that escapes RFK Jr. & clueless Makary (FDA); “Three Independent Estimates Yield 470,000–
840,000 American COVID-19 “Vaccine” Deaths” good work by Hulscher! discussion with Dr. Drew; Drew remains ~controversial but on balance a smart dedicated scientist, I like Drew, I respect him!
| Dr. Paul AlexanderJan 5 |
The testicles daily of the conniving 5 (HHS, FDA, NIH, CDC et al. leaders) in the hands of The Outlaw Josie Wales Wiles….
now to the core thesis at hand by Hulscher…good stack by him…he is maturing nicely under the tutorage of McCullough:
Start Hulscher here, support:
‘I joined Ask Dr. Drew on New Year’s Eve to discuss the largest unacknowledged catastrophe in modern history. We examined the latest evidence linking COVID-19 mRNA injections to wartime-level excess mortality, alongside peer-reviewed data documenting severe genetic disruption and long-term biological harm. We also discussed our ongoing work with state legislatures to stop the deaths, end the mRNA experiment, and force accountability in 2026 as the Make America Healthy Again (MAHA) movement advances.
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
The Largest Unacknowledged Catastrophe in Modern History
A recently leaked internal FDA memo acknowledges 10 pediatric deaths linked to COVID-19 mRNA injections. This admission—delayed by years and revealed only through a leak—does not reflect transparency or accountability. It represents the microscopic tip of the iceberg.
When broader data sources are examined, three independent mortality estimation approaches converge on a catastrophic conclusion: 470,000–840,000 American COVID-19 “vaccine” deaths.
1. CDC Mortality Data (Ethical Skeptic Analysis)
Using weekly CDC WONDER mortality data, Ethical Skeptic estimates excess non-COVID natural-cause deaths likely attributable to the mRNA vaccination campaign, identifying a sharp inflection beginning Week 14 of 2021 that coincides with rapid vaccine uptake. Anchored to a 2014–2019 baseline and adjusted for the pull-forward effect, the Week 25, 2025 update estimates approximately 843,922 mRNA-associated deaths as of June 21, 2025, with the excess persisting at roughly 2,000–4,000 deaths per week.
2. VAERS-Adjusted Mortality Estimate
CDC VAERS currently reports 19,355 U.S. vaccine-associated deaths. Applying a conservative under-reporting factor of 31, consistent with prior evaluations of passive surveillance systems, implies approximately 600,000 U.S. deaths.
3. Florida Department of Health Cohort Study
A Florida cohort study (n = 1.47 million) found a 36% higher non-COVID all-cause mortality rate among Pfizer recipients compared to Moderna. When conservatively extrapolated to the national population (approximately 150 million Pfizer recipients), this yields an estimated 470,000 excess U.S. deaths attributable to Pfizer mRNA injections alone.
These estimates exceed total U.S. combat deaths from World War I, World War II, and the Vietnam War combined.
Taken together, these independent lines of evidence indicate a sustained mass-casualty event that has been systematically minimized through delayed acknowledgment, limited disclosure, passive surveillance, and regulatory inaction.
Peer-Reviewed Evidence of Severe Genetic Disruption
I discussed our newly peer-reviewed, highly censored study showing that COVID-19 mRNA injections induce profound and persistent transcriptomic disruption in individuals who developed new-onset adverse events or cancer after vaccination.
BREAKING: Our CENSORED Study Showing mRNA Injections Induce Severe Genetic Disruption Linked to Cancer and Chronic Disease Is Now Peer-Reviewed and Published
·
December 19, 2025
NEWSWIZE
| NEW: Dan Bongino Officially Signs Off After Service With Trump AdministrationDeputy FBI Director Dan Bongino thanked President Donald Trump and the American people for allowing him to serve when signing off for his final day on the job on Saturday evening. Bongino had previously announced on December 17 that he will be stepping down from his post after serving for nearly a year. “I will be leaving my position with …READ THE FULL REPORT |
| WATCH: DEA Parades A Solemn-Looking Maduro Through NYC Field OfficeDeposed Venezuelan dictator Nicolas Maduro made his most visible public appearance since his capture when he was “perp-walked” through the Drug Enforcement Agency (DEA) field office in New York City on Saturday evening. Maduro and his wife, Cilia Flores, were captured in a daring pre-dawn raid involving U.S. special forces and federal law enforcement agents with the FBI and DEA. …READ THE FULL REPORT |
| NEW: Rubio Puts Longtime U.S. Adversary On Notice Following Venezuela OperationSecretary of State Marco Rubio put Cuba’s communist government on notice after U.S. forces captured Venezuelan dictator Nicolas Maduro — one of Havana’s closest allies — in a daring pre-dawn raid on Saturday morning. President Donald Trump acknowledged that Saturday’s action would likely have a ripple effect in the region, likely for Cuba and also Nicaragua, while speaking at a …READ THE FULL REPORT |
| NEW: Secret Service Plans To Hire Thousands Of Additional AgentsThe United States Secret Service has initiated a significant recruitment effort to expand its workforce substantially in the coming years. Agency leaders have outlined a goal to hire approximately 4,000 new employees by 2028, marking an increase of about 20 percent and pushing total staffing beyond 10,000 for the first time. This expansion targets special agents, Uniformed Division officers, and …READ THE FULL REPORT |
| Trump Gives Ultimatum To Enemies After Maduro CapturePresident Donald Trump has issued a major warning to remaining power brokers inside Venezuela following the dramatic capture of longtime strongman Nicolás Maduro, delivering what allies describe as a blunt ultimatum: surrender or cooperate. In the early hours of January 3, U.S. forces launched what officials described as a highly coordinated, limited-duration mission inside Venezuela. Airstrikes targeted key military and …READ THE FULL REPORT |
| VIEW MORE NEWS |
MICHAEL EVERY/OR OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIR
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL\
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
VENEZUELA/
Confusion As Sporadic Gunfire Erupts Near Venezuela’s Presidential Palace Soon After Rodriguez Sworn In
Monday, Jan 05, 2026 – 08:48 PM
Update(20:50ET): A mere hours after widespread American mainstream media reports named Maduro’s staunchly ‘loyal’ Vice Presedent Delcy Rodríguez a CIA/US military informer who cooperated with the Trump-ordered invasion which ousted and kidnapped the country’s sitting head of state to US soil, there are reports of heavy gunfire engulfing the Venezuelan capital, near the presidential palace. Though there are conflicting reports.
CNN is confirming that something – though we don’t know exactly what – is going down (somewhat to be expected after an apparent coup supported by US military invasion):
Gunfire heard near Venezuelan presidential palace: Gunfire was heard in the Venezuelan capital Caracas on Monday night, near the Miraflores presidential palace.
Videos geolocated by CNN show what appear to be lights from drones and anti-aircraft fire across the night sky.
It’s unclear what the situation is related to. CNN has reached out to Venezuela’s ministries of communication and foreign affairs for more information.
Celebratory gunfire? The counter-revolution begins? False trigger of anti-air defenses? Or the storming of the presidential palace
BREAKING: Venezuelan Security Forces Open Fire on Unidentified Drones Over Miraflores Presidential Palace in Caracas
The situation is now ‘Under Control’ pic.twitter.com/J6ORn2pBTa
There are competing reports that the mayhem was triggered by an inbound civilian or hobby drone mistaken for a threat. Polymarket reports, as everyone is no doubt on edge and trigger-happy…
Some unverified videos circulating show potential insurgency tactics, though there are reports the shooting has died down...
* * *
Update(1820ET): Rumors naming the high level Venezuelan official who handed Maduro to the US military, and cooperated with the CIA, have been flying all day. A breaking report in The Wall Street Journal Monday evening names the name top on everyone’s list, confirming the rumors or what was becoming increasingly obvious to close observers:
A recent classified U.S. intelligence assessment determined top members of Nicolás Maduro’s regime—including Vice President Delcy Rodríguez—would be best positioned to lead a temporary government in Caracas and maintain near-term stability if the autocrat lost power, people familiar with the matter said.
The analysis by the Central Intelligence Agency was briefed to President Trump and shared with a small circle of senior administration officials, according to two of the people. It was a factor in Trump’s decision to back Maduro’s vice president instead of opposition leader and Nobel Peace Prize winner María Corina Machado, some of the people said.
The assessment provides insight into Trump’s decision not to support the opposition’s bid for control of Venezuela following the brazen U.S. military operation to capture Maduro last week and bring him to the U.S. for trial. As in his first term, Trump was convinced that near-term stability in Venezuela could be maintained only if Maduro’s replacement had the support of the country’s armed forces and other elites.
What next? There are obvious fears of some kind of insurgency or political chaos akin to the post regime change Libya or Iraq years. Meanwhile…
President Trump says “we have to fix” Venezuela before the country holds elections to replace deposed leader Nicolas Maduro, according to an interview with NBC News.
But “fixing a country” is a very tall order, even when it comes to the United States. Or how about those elections in Ukraine?
* * *
And the arraignment circus begins. With world media cameras gathered outside the federal courthouse in Lower Manhattan and the court “perp walk” of Nicolás Maduro and his wife Cilia Flores set to take place at around noon (eastern), a gaggle of rival protest groups have gathered.
MADURO SAYS HE IS NOT GUILTY OF US NARCO-TERRORISM CHARGES
MADURO SAYS HE IS AN INNOCENT, DECENT MAN
CILIA FLORES ALSO PLEADS NOT GUILTY TO US CHARGES
CILIA FLORES SAYS SHE IS `COMPLETELY INNOCENT’
JUDGE SETS NEXT MADURO HEARING FOR MARCH 17
Maduro: “I’m innocent. I’m a decent man. I’m the president of Venezuela. I consider myself a prisoner of war.”
Delcy Rodriguez has been formally sworn in as new president of Venezuela, amid strong rumors that she cooperated with the CIA to oust Maduro.
The opposing groups appear to number in the several dozens each, some holding “USA hands off of Venezuela” and “US out of Latin America” signs – while others are celebrating the US ouster of the longtime socialist strongman who was accused by Washington last July of ‘stealing’ the national election which kept him in power.
Threats and slogans are being hurled in both Spanish and English across police-erected barriers. They represent the political divide not only among the Venezuelan community in the US, but also with some among contingent accused of being “paid Left-wing agitators”. But we can also imagine that more simply anti-war Americans are among them, but also without doubt pro-socialist activists. The day is about to get a lot more interesting…
END
VENEZUELA COLUMBIA/BRAZIL
Both Brazil and Columbia ready to block a refugee influx!
(zerohedge)
Colombia & Brazil Bolster Armed Forces At Borders, Bracing For Venezuelan Refugee Influx
Tuesday, Jan 06, 2026 – 08:45 AM
After the weekend US military action in Venezuela, which triggered mixed reactions around the globe, Colombia and other nations in the region are preparing for a possible influx of refugees.
Sunday saw Colombian Defense Minister Pedro Sanchez order the deployment of 30,000 troops to the Venezuelan border to strengthen security, and this move coincided with putting emergency measures in place to assist displaced civilians.
There’s been a much heavier military presence, for example, at the key Simon Bolivar International Bridge over the Tachira River linking Colombia and Venezuela near the border city of Cucuta. Colombian military armor has been observed there, according to regional reports.
However, these same reports say traffic has moved normally there, despite the extra security measures. Colombia had condemned the Trump-ordered action to capture Venezuela’s Maduro, in part worried about a potentially destabilizing effect on the region.
Defense chief Sanchez has confirmed that security forces had been “activated” to deter any retaliatory actions by armed groups such as the National Liberation Army (ELN) and Segunda Marquetalia, both which have operated largely unchecked inside Venezuela for years.
But without doubt Colombia’s own armed groups have long exploited the rugged 1,300+-mile long frontier with Venezuela for drug trafficking and as a sanctuary from Colombian military operations.
Brazil too is bracing, after for years regional countries had to deal with millions of Venezuelans leaving their country and spiraling economy. The Wall Street Journal describes, “Roraima, the Brazilian state that serves as the main crossing point into the country, closed its border with Venezuela early Saturday, while Colombian President Gustavo Petro said he had deployed security forces at the country’s border in case of a ‘massive influx of refugees.'”
“Some eight million Venezuelans have already fled their country in recent years, equivalent to about a quarter of the country’s population, putting pressure on public services in border regions and sparking xenophobic attacks,” the report notes.
There are fears that there could be some kind of new internal fighting erupt in Venezuela, after Maduro’s now former Vice President Delcy Rodríguez was sworn in as president. A fresh insurgency, or also counter-revolution, could emerge – but so far Caracas has remained relatively stable, with Trump telling new President Rodríguez to “behave”.
But there are already reports that the new leader is reverting to tactics of the old, with several Tuesday headlines stating Venezuela launches wave of repression after US seizure of Nicolás Maduro.
And a further source describes, “As the government continued to churn inside the presidential palace Miraflores, Venezuela’s military counterintelligence officials have been patrolling the streets of Caracas, according to at least two witnesses.
“At least seven journalists and members of the press were detained on Monday morning and early afternoon, most of them at the National Assembly and its surroundings, according to the national press workers syndicate,” the report adds, before detailing further: “Heavily armed security forces and pro-government motorcycle gangs known as colectivos were seen roaming the capital, at times stopping drivers and checking their phones. While they aren’t as influential as they were at the height of Maduro’s power, the State Department has said they have been responsible for killings during protests.”
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: 1.1713 DOWN 0.0001 PTS OR 1 BASIS POINTS/WITH STOCKS IN EUROPE ALL GREEN
USA/ YEN 156.43 DOWN 0.185 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS AGAIN 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 1.3526 UP 0.0004 OR 4 BASIS PTS
USA/CAN DOLLAR: 1.3765 DOWN 0.0009 CDN DOLLAR UP 9 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED UP 68.25 pts or 1.50%
Hang Seng CLOSED UP 363.21 PTS OR 1.38%
AUSTRALIA CLOSED DOWN 0.57%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 363.21 PTS OR 1.38%
/SHANGHAI CLOSED UP 60,25 pts or 1.50
AUSTRALIA BOURSE CLOSED DOWN 0.57%
(Nikkei (Japan) CLOSED UP 681.20 pts 1.31%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 4450.00
silver:$77.85
USA DOLLAR VS TRY: 43.03
USA DOLLAR VS RUSSIAN ROUBLE: 80.81 ROUBLE// UP 5 BASIS PTS
UK 10 YR BOND YIELD: 45160. UP 1 BASIS PTS
UK 30: 5.258 UP 1 BASIS PTS
CDN 10 YR BOND YIELD: 3.421 DOWN 5 BASIS PTS
CDN 5 YR BOND YIELD; 2.945 DOWN 5 BASIS PTS
USA dollar index early TUESDAY morning: 98.11 UP 13 BASIS POINTS FROM MONDAY’s CLOSE
TUESDAY MORNING NUMBERS ENDS
And now your closing TUESDAY NUMBERS 11: 30 AM
Portuguese 10 year bond yield: 3.147 % DOWN 4 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.134% UP 2 FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.496 UP 3 BASIS PTS//DEADLY
SPANISH 10 YR BOND YIELD: 3.222 DOWN 3 in basis points yield
ITALIAN 10 YR BOND YIELD 3.496 DOWN 4 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.845DOWN 3 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 1.1710 DOWN 0.0004 OR 4 basis points
USA/Japan: 156.39 DOWN 0.222 OR YEN IS UP 22 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 4.488 DOWN 5 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.230 DOWN 2 BASIS POINTS.
Canadian dollar UP 0.0007 OR 7 BASIS pts to 1.3766
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY UP AT 6.9836 ON SHORE ..
THE USA/YUAN OFFSHORE// CNH DOWN TO 6.9797
TURKISH LIRA: 43.03 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +2.134 UP 2 FULL basis pts
THE 30 YR JAPANESE BOND YIELD: 3.496 UP 3 basis pts
Your closing 10 yr US bond yield UP 1 in basis points from FRIDAY at 4.177% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.864 DOWN 0 basis points /11:00 AM
USA 2 YR BOND YIELD: 3.463 DOWN 0 BASIS PTS.
GOLD AT 10;00 AM 4468.50
SILVER AT 10;00: 78.96
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 118.16 PTS OR 1.18%
GERMAN DAX: CLOSED UP 22.46 OR 0.09%
FRANCE: CLOSED UP 25.93 PTS OR 0.32%
Spain IBEX CLOSED UP 32.70 PTS OR 0.19%
Italian MIB: CLOSED DOWN 93.89 PTS OR 0.20%
WTI Oil price 58.71 10.00 EST/
Brent Oil: 62.09 10:00 EST
USA /RUSSIAN ROUBLE /// AT: 81.16 ROUBLE UP 0 AND 31/ 100
CDN 10 YEAR RATE: 3.443 UP 2 BASIS PTS.
CDN 5 YEAR RATE: 2.961 UP 2 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1659 DOWN 0.0026 OR 26 BASIS POINTS//
British Pound: 1.3500 DOWN 0.0031 OR 31 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.4800 DOWN 3 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.236 DOWN 1 IN BASIS PTS.
JAPAN 10 YR YIELD: 2.131 UP 2 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.497 UP 3 PTS AND STILL VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 156.60 DOWN 0.0060 OR YEN UP 6 BASIS PTS EXTREMELY DANGEROUS/YEN FALLING DEEPLY IN VALUE
USA dollar vs Canadian dollar: 1.3805 UP 0.0031 PTS// CDN DOLLAR DOWN 31 BASIS PTS
West Texas intermediate oil: 56.93
Brent OIL: 60.47
USA 10 yr bond yield UP 1 BASIS pts to 4.177
USA 30 yr bond yield UP 1 PTS to 4.861%
USA 2 YR BOND 3.469 UP 2 PTS
CDN 10 YR RATE 3.441 UP 2 BASIS PTS
CDN 5 YEAR RATE: 2.9680 UP 2 BASIS PTS
USA dollar index: 98.31 UP 31 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 43.03 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 81.02 DOWN 0 AND 14/100 roubles //
GOLD $4,483.90(3:30 PM)
SILVER: 80.34 3;30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 514.90 OR 1. 05%
NASDAQ 100 UP 143.06 PTS OR 0.61%
VOLATILITY INDEX 14.76 DOWN 0.14 PTS OR 0.94.%
GLD: $ 412.49 UP 3.65 PTS OR 0.89%
SLV/ $72.84 UP 3.75 PTS OR OR 5.39%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 184.25 PTS OR 0.57%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
Bonds, Stocks, Oil, Gold, & Crypto Jump; Dollar Dumped Amid Maduro Mayhem
WRAP UP
USA DATA RELEASES
Resilience Of US Economy Showing “Signs Of Cracking” As US Services PMI Disappoints
Tuesday, Jan 06, 2026 – 09:55 AM
Following yesterday’s US Manufacturing ISM survey disappointment, this morning we get yet more soft survey data – this time a look at the Services sector via S&P Global.
The final (December) US Services PMI data was a disappointment, printing 52.5 vs 52.9 expected…
Source: Bloomberg
While the print was a disappointment, it remains above 50 – expansion – but new business inflows rising to the weakest degree in over a year-and-a-half, growth of activity faltered and was the lowest since last April.
Confidence in the outlook also weakened, whilst employment volumes stagnated, failing to rise for the first time since last February.
The S&P Global US Composite PMI recorded 52.7 in December, down from 54.2 in the previous month.
Business activity continued to expand in December, rounding off another quarter of robust growth, but as Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, points out, “the resilience of the US economy is showing signs of cracking.”
“New business placed at services providers showed the smallest rise in some 20 months which, accompanied by the first fall in orders placed at manufacturers for a year, points to a broad-based weakening of demand growth.
“Not only has service sector business activity slowed in response to concerns over order books, with the December surveys signaling the weakest economic expansion since last April, but the number of companies cutting headcounts has exceeded those reporting higher employment for the first time since February.
Optimism is fading…
“We also enter 2026 with future output expectations running much lower than seen at the start of 2025, fueling concerns that December’s slowdown and job market malaise could spill over into the new year.
“Confidence has been dampened principally by uncertainty over government policy and the broader economic outlook, with tariffs and affordability featuring as common threads throughout companies’ more cautious views on their prospects.
Affordability worries are underscored by companies reporting an “increased impact of tariffs on both input costs and selling prices in December,” suggesting we could see the unwelcome combination of slower economic growth and stubbornly high inflation at the start of the new year.
However, Williamson notes that “there is an expectation among many companies that lower interest rates and government policy will start to boost demand again as the new year proceeds.”
USA ECONOMIC COMMENTARIES
Trump wants Greenland and he will take it!!
(zerohedge)
Stephen Miller Asserts US Has Right To Take Greenland, & Wouldn’t Even Have To Fight For It
Tuesday, Jan 06, 2026 – 12:45 PM
Stephen Miller, one of President Trump’s top aides who serves as his deputy chief of staff for policy, just poured more fuel on the fire in terms of the ongoing spat with Denmark over the future of Greenland and sovereignty.
He said in fresh remarks that there won’t be any military intervention to take the Arctic territory as simply “nobody is going to fight the United States militarily over the future of Greenland.“ More importantly he spelled out the US administration’s view that Denmark fundamentally does not have a right to the resource-rich Arctic territory.
Miller was asked by reporters on whether Trump might ‘invade’ Greenland next, after this weekend’s ‘shock’ Venezuela action. “What do you mean military action against Greenland? Greenland has a population of 30,000 people,” he began his response.
“The real question is what right does Denmark have to assert control over Greenland? What is the basis of their territorial claim? What is their basis of having Greenland as a colony of Denmark?” Miller then questioned.
And he added: “The US is the power of Nato. For the US to secure the Arctic region to protect and defend Nato and Nato interests, obviously Greenland should be part of the US. And so that’s a conversation that we’re going to have as a country. That’s a process we’re going to have as a community of nations.”
Despite the somewhat absurd diplomatic circus surrounding the Greenland question, which has of course remained highly entertaining, Miller has an indisputable point on his NATO comment. If Washington were to ever pull out of NATO, the military alliance would simply become one only on paper – akin to a mere ‘EU Army’.
Denmark’s foreign policy committee is meanwhile Tuesday evening having an emergency session to try and figure out how to handle the growing diplomatic showdown with the Trump administration. According to more background and context related to the latest:
The Danish prime minister, Mette Frederiksen, responded on Monday by saying that an attack by the US on a Nato ally would mean the end of the military alliance and “post-second world war security”. It would, she warned, mark the end of “everything”.
Greenland’s prime minister, Jens-Frederik Nielsen, also made a strong statement in which he urged Trump to give up his “fantasies about annexation” and accused the US of “completely and utterly unacceptable” rhetoric. “Enough is enough,” he said.
Miller’s comments about Greenland came after his wife, the rightwing podcaster Katie Miller, posted a map on X of Greenland draped in a US flag with the caption “SOON” hours after the military operation in Venezuela.
Stephen Miller was later asked about this, to which he explained: “It has been the formal position of the US government since the beginning of this administration, frankly going back into the previous Trump administration, that Greenland should be part of the US. The president has been very clear about that.”
Trump’s Greenland rhetoric currently does appear more than just about bombastic social media claims, memes or mocking Europe – as there’s currently said to be real, high level admin discussions:
According to two people familiar with private high-level discussions and granted anonymity to share their details, the White House has shown little interest in an overture last year from Denmark’s prime minister offering the U.S. the option to increase its military presence in Greenland, where it already operates a base and has long deployed troops at liberty.
“The option of more U.S. military presence has been on the table,” said one of the people, a European defense official. “The White House is not interested.”
The second person, an American in frequent contact with the administration and European officials, said that most of what Trump says he wants out of Greenland — access to investment resources like critical minerals, more troops and military bases, better intelligence sharing — could be easily accomplished by negotiating directly with Denmark, a steadfast ally.
Greenland – As viewed from a proper map Why Greenland? Well because Moscow bases almost all of their strategic military assets on the Kola Peninsula next to Finland. This is where the Russian ICBM silos, submarine bases, and their strategic bombers are. If you look at the Show more
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Europe is (as expected) immediately coming to Denmark’s defense:
Six European allies have rallied to support Denmark following renewed insistence by the US that it must have control over Greenland.
“Greenland belongs to its people, and only Denmark and Greenland can decide on matters concerning their relations,” the leaders of the UK, France, Germany, Italy, Poland, Spain, and Denmark said in a joint statement.
On Sunday, Donald Trump said the US “needed” Greenland – a semi-autonomous region of fellow Nato member Denmark – for security reasons.
Meanwhile fresh commentary by Rabobank has some creative ideas that the administration might want to take up, such as providing every Greenlander $1 million in exchange for their country, which they would likely find very attractive.
That fresh Rabobank commentary and thought experiment is re-presented in the below:
* * *
Historically, the Monroe Doctrine applied to Central and South America, but its geographic boundaries were never explicitly defined. The Trump Administration, however, may be getting creative with borders, suggesting the Doctrine could soon extend to Greenland (which is still technically in the Western Hemisphere).
Greenland first surfaced as a talking point during Trump’s campaign. This has re-emerged over the weekend with Trump announcing that the U.S. “need[s] Greenland from a national security situation,” and that “we will deal with Greenland in about two months. Let’s talk about Greenland in 20 days.” What exactly we’ll be talking about when it comes to Greenland is not yet clear, but Denmark—and the EU—is taking this as a threat.
Danish Prime Minister Mette Frederiksen has said that “if the U.S. chooses to attack another NATO country militarily, then everything stops, including NATO and thus the security that has been established since the end of the Second World War.”
Greenland’s Prime Minister had some strong words for the Trump Administration, but seemed open to negotiations. “No more pressure,” he said, “No more fantasies of annexation. We are open to dialogue. We are open to discussions. But this must happen through the proper channels and with respect for international law.”
While an outright U.S. military takeover seems unlikely, diplomatic maneuvering is another matter. Trump’s approach to Statecraft has often been described as “too much stick, not enough carrot.” In the case of Greenland, we may see a bit more carrot. Still, with a population of only around 50,000, one might imagine a thought experiment where, for the low, low price of $50 billion, the U.S. offers every Greenlander $1 million in exchange for their country. That might prove more attractive.
END
Enemies Not Allowed To Control Large Oil Reserves: US Ambassador To United Nations
Tuesday, Jan 06, 2026 – 01:45 PM
The US ambassador to the United Nations on Monday said that enemies of his country cannot be allowed to control vast oil reserves, such as the ones in Venezuela under President Nicolas Maduro.
Mike Waltz spoke less than two hours before Maduro made his first court appearance, not far from UN headquarters in Manhattan. Maduro is charged with narco-trafficking, among other charges, and has pleaded not guilty. “We’re not going to allow the Western Hemisphere to be used as a base of operation for our nation’s adversaries,” Waltz said. “You cannot continue to have the largest energy reserves in the world under the control of adversaries of the United States, under the control of illegitimate leaders, and not benefiting the people of Venezuela.”
He insisted, however, that despite the US president himself saying that his administration will be “running” Venezuela, the US will not be “occupying” the Latin American nation. “There is no war against Venezuela or its people,” Waltz told the UN Security Council (UNSC). “We are not occupying a country.”
US President Nicolas Maduro entered a not guilty plea in a federal courthouse in New York City on Monday, following his abduction by the US in the early hours of Saturday morning.
US attorney general Pam Bondi said Maduro has been charged with “Narco-Terrorism Conspiracy, Cocaine Importation Conspiracy, Possession of Machineguns and Destructive Devices, and Conspiracy to Possess Machineguns and Destructive Devices against the United States”.
A federal grand jury returned an indictment against him and his wife, Cilia Flores, in 2020, under the first Trump administration. Five other defendants were named in the document, but not Flores.
Bondi has since shared an unsealed indictment that charges Flores and the couple’s son, who was not abducted with them, with trafficking drugs. Flores is also accused of ordering kidnappings and murders, and accepting bribes.
In the US, an unsealed indictment is effectively the withholding of formal criminal charges until the suspects have appeared in court. On Monday, Flores also appeared in court next to her husband and pleaded not guilty.
Maduro’s stunning abduction from Venezuela by US forces in the early hours of Saturday has been condemned by allies Russia and China, both of which are among the five permanent and veto-wielding members of the UNSC.
But the US also has that power, meaning there will likely be no accountability at the UN for its actions. The body’s secretary general, Antonio Guterres, has already said he fears there may have been a violation of international law in abducting a head of state from a sovereign country.
UN member states must “refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any state”, the body’s charter says.
A statement from Guterres on Monday, read by UN political affairs chief Rosemary DiCarlo to the UNSC, said he is “deeply concerned about the possible intensification of instability in [Venezuela], the potential impact on the region, and the precedent it may set for how relations between and among states are conducted”.
He added that the UN will support all efforts at dialogue between the US and Venezuela. For his part, Venezuela’s ambassador to the UN, Samuel Moncada, said the abduction was “an illegitimate armed attack lacking any legal justification”.
The death count from the US attack on Venezuela has risen to 80, including civilians and members of security forces, according to a senior Venezuelan official who said the number could rise further, The New York Times reported on Monday.
The Trump admin’s talking points on what was behind the Venezuela intervention have been shifting…
US special forces abducted Venezuela’s president from the capital, Caracas, early on Saturday, as American fighter jets bombed key military installations and bases across the country. Venezuela’s acting president, Delcy Rodriguez, said the US seizure of Maduro had “Zionist undertones”.
Rodriguez, who served as Maduro’s vice president, has been appointed by the Supreme Court to lead the country on an interim basis.
KING NEWS
| The King Report January 6, 2025 Issue 7653 | Independent View of the News |
| ESHs had a slow motion, modestly progressing rally from their opening on Sunday night until they exploded higher after 9:00 ET on rabid buying for the NYSE opening. ESHs hit a daily high of 6957.50 at 10:34 ET. After a modest retreat, ESHs plodded to a new daily high of 6963.50 at 11:51 ET. A listless but persistent 5-wave decline took ESHs to 6940.00 at 15:56 ET. A timid late manipulation pushed ESHs to 6946.50 at 16:00 ET. After the morning surge, action was extremely flaccid. Precious metals soared on Monday. Oil and gasoline rallied sharply; most people expected oil and gasoline to decline sharply on the US foray into Venezuela. Positive aspects of previous session Stocks rallied sharply on the return of Wall Street from holiday vacations. Fangs and techs jumped higher on the usual buying for today’s Consumer Electronics Show start. USHs were +14/32 at the NYSE close. Negative aspects of previous session Commodities rallied sharply; precious metals soared. The dollar declined modestly. Ambiguous aspects of previous session How much more juice does the ‘start-of-the-year rally’ have? Why was the afternoon so listless? First Hour/Last Hour NYSE Action [S&P 500 Index]: 1st Hour: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6904.67 Previous session S&P 500 Index High/Low: 6920.38; 6891.56 WSJ: Nvidia Unveils Faster AI Chips Sooner Than Expected The biggest announcements coming out of the 2026 Consumer Electronics Show, starting with Nvidia’s Vera Rubin chips https://www.businessinsider.com/announcements-coming-out-of-ces-nvidia-vera-rubin-autonmous-vehicle-2026-1 Today – Usually the first few trading days of the new year are strong. Monday did the expected – in the morning. Afternoon trading was disappointingly tepid. Traders will get jiggy early for stocks. However, discerning traders will be on alert for an afternoon reversal if action is flaccid again. Expected economic data: Dec ISM Mfg. 48.4; Dec Wards Total Vehicles 15.63m ESHs are -1.00; NQHs are -10.50 (Disappointing with CES start today) and USHs are -3/32 at 20:10 ET. Reports of ‘full’ military mobilization, heavy gunfire, and anti-aircraft fire in Caracas, Venezuela could be weighing on equity futures on Monday night. Video: https://x.com/alx/status/2008345587549155549 S&P Index 50-day MA: 6809; 100-day MA: 6696; 150-day MA: 6530; 200-day MA: 6299 DJIA 50-day MA: 47,624; 100-day MA: 46,751; 150-day MA: 45,745; 200-day MA: 44,579 (Green is positive slope; Red is negative slope) S&P 500 Index (6902.05 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5896.83 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 6420.50 triggers a sell signal Daily: Trender is positive; MACD is negative – a close below 6829.08 triggers a sell signal Hourly: Trender and MACD are positive – a close below 6881.57 triggers a sell signal Minnesota Gov. Tim Walz drops reelection bid (How much more fraud will be revealed?) The reversal, which came amid mounting pressure from fellow Democrats, marks a major shake-up in Minnesota politics heading into the 2026 midterms… sagging approval ratings and intensified scrutiny into fraud in state safety net programs in recent months has fueled nerves among Democrats and calls for Walz to step aside… https://www.axios.com/local/twin-cities/2026/01/05/tim-walz-drop-out-minnesota-governor-race Fox’s @BillMelugin_: House Oversight Committee Chairman @RepJamesComer releases statement after MN Gov. @Tim_Walz announces he will not seek re-election. “Massive fraud of taxpayer dollars occurred on Tim Walz’s watch. He’s either complicit in this theft or grossly incompetent in preventing it. Though Tim Walz is not running for governor again, he cannot run from accountability. The House Oversight Committee demands that he appear for a public hearing on February 10 to expose this fraud and begin the process of accountability. The American people deserve answers, and they deserve them now.” @DerrickEvans4WV: Minneapolis sent $12 million in federal meal funds to a Somali restaurant claiming to feed 4,000–6,000 kids daily. The FBI watched for six weeks—about 40 people showed up. That’s how normalized corruption looks. https://x.com/DerrickEvans4WV/status/2007833411365548271 @lizcollin: Minneapolis Craigslist post in search of child actors for daycare site where funding was “cruelly ripped away without cause.” “To help hurry this state vetting process, we are looking to hire 20 child actors for 3 days while state is present on site.” $1,500/day Link to post: https://minneapolis.craigslist.org/hnp/lab/d/minn @grok: Yes, the Craigslist ad is real (ID: 7905967005, posted Jan 2, 2026). It seeks 20 child actors under 5 for 3 days at $1,500/day to simulate operations during state vetting after funding loss, citing “white supremacy.”… @wcdispatch: This is the listed location of the auditing firm that performed the audits for both the Minnesota and Ohio on the NGOs we have linked to potential fraud. You cannot make this stuff up. (Site: Jabba Value Center, Jubba Travel and Computer) https://x.com/wcdispatch/status/2008018760746078438 @Osint613: NYC Mayor Mamdani’s Tenant Director, Cea Weaver: “We’ll transition from treating property as an individual good to a collective good. Whites especially will be impacted.” (This is communism, period!) https://x.com/Osint613/status/2008096202517070151 Deputy US AG Harmeet Dhillon @AAGDhillon: I don’t think so we have federal housing laws that trump any collective Marxist fantasies. @ABC: Secretary Hegseth, in a post on X, said the Pentagon will hold Democratic Sen. Mark Kelly accountable under the military code of justice for a video Kelly participated in that told U.S. service members they have a right to refuse unlawful orders. https://x.com/ABC/status/2008210508520812741 @BreannaMorello: The Department of War has provided an update on Senator Mark Kelly. The department has initiated retirement grade determination proceedings under 10 U.S.C. § 1370(f), with reduction in his retired grade resulting in a corresponding reduction in retired pay. “Six weeks ago, Senator Mark Kelly — and five other members of Congress — released a reckless and seditious video that was clearly intended to undermine good order and military discipline. As a retired Navy Captain who is still receiving a military pension, Captain Kelly knows he is still accountable to military justice. And the Department of War — and the American people — expect justice. Therefore, in response to Senator Mark Kelly’s seditious statements — and his pattern of reckless misconduct — the Department of War is taking administrative action against Captain Mark E. Kelly, USN (Ret). The department has initiated retirement grade determination proceedings under 10 U.S.C. § 1370(f), with reduction in his retired grade resulting in a corresponding reduction in retired pay. To ensure this action, the Secretary of War has also issued a formal Letter of Censure, which outlines the totality of Captain (for now) Kelly’s reckless misconduct. This Censure is a necessary process step, and will be placed in Captain Kelly’s official and permanent military personnel file. Captain Kelly has been provided notice of the basis for this action and has thirty days to submit a response. The retirement grade determination process directed by Secretary Hegseth will be completed within forty five days. Captain Kelly’s status as a sitting United States Senator does not exempt him from accountability, and further violations could result in further action. These actions are based on Captain Kelly’s public statements from June through December 2025 in which he characterized lawful military operations as illegal and counseled members of the Armed Forces to refuse lawful orders. This conduct was seditious in nature and violated Articles 133 and 134 of the Uniform Code of Military Justice, to which Captain Kelly remains subject as a retired officer receiving pay.” https://x.com/BreannaMorello/status/2008190686231761376 @Osint613: (Dem House Leader) Congressman Jeffries: “Donald Trump had the nerve to dismiss the popular opposition leader of Venezuela. He said that she did not have the support of the Venezuelan people. Donald Trump does not have the support of the American people! He’s historically unpopular.” (The risible and lifeless Jeffries would oppose capturing Hitler if DJT ordered it!) Babylon Bee: Democrats Confused Why Venezuelans Cheering Downfall of Nice, Warm Collectivism @BoLoudon: William DeFoor, who goes by “JULIA”, was just ARRESTED by the Secret Service after allegedly vandalizing JD Vance’s Ohio home. Transgenderism is a mental illness. The Left’s violence must be stopped. https://x.com/BoLoudon/status/2008204704527122519 VP @JDVance: I appreciate everyone’s well wishes about the attack at our home. As far as I can tell, a crazy person tried to break in by hammering the windows. I’m grateful to the secret service and the Cincinnati police for responding quickly. We weren’t even home as we had returned already to DC. One request to the media: we try to protect our kids as much as possible from the realities of this life of public service. In that light, I am skeptical of the news value of plastering images of our home with holes in the windows. @susancrabtree: What exactly did the @SecretService do to prevent this break in at @VP Vance’s home – if they did indeed prevent it?? How close did this crazy person get to accomplishing this goal? How do we know the intent was to hammer the windows to break in – did the perpetrator break a window with a hammer as Vance described in his post? If so, is this yet another case of the Secret Service agents assigned to the house even when Vance is not there – being asleep or distracted at the switch a la the incident at the home of Biden’s National Security Adviser Jake Sullivan? The attack on @VP Vance’s home should cause some deep reflection within the @SecretService, the administration, and Congress on how and why the attacker was allowed to approach the Cincinnati home and hammer its windows. Many Secret Service rank-and-file were angry over the last several days because the agent who tried to smuggle his wife on the Secret Service carplane to Scotland for Trump’s trip there in late July was recently reinstated, cleared of any wrongdoing, and assigned to protect @VP Vance’s trip to Florida this weekend, sources told @RCPolitics The USSS faces such a dire agent shortage that this particular agent, who was the butt of numerous jokes and memes over the attempted wife smuggling, was temporarily assigned to augment Vance’s detail this weekend. The VP detail is extremely overtaxed even though the agents assigned to it are some of the hardest-working. There are far fewer of them than the presidential team, and Vance’s travel schedule far outpaces Kamala Harris’s…. This agent who tried to have his wife accompany him to Scotland was cleared of all wrongdoing because, even though a Secret Service supervisor stopped him from taking his Air Force wife on the Scotland trip AFTER she listened to the USSS briefing about it, the USSS determined that as long as the Air Force supervisors at Joint Base Andrews were allowing her on the Air Force carplane, then the agent did nothing wrong, knowledgeable sources tell @RCPolitics Spouses are allowed to attend presidential and vice presidential security trips — but they usually must take and pay for their own travel arrangements. They can share hotel rooms with their spouse agents while on these trips despite some high-level security demands — a policy some in the Secret Service community have questioned. Still others say it’s a well-deserved perk because agents’ travel schedules take them away from their spouses so often. Homeland Security @DHSgov: @HiltonHotels has launched a coordinated campaign in Minneapolis to REFUSE service to DHS law enforcement. When officers attempted to book rooms using official government emails and rates, Hilton Hotels maliciously CANCELLED their reservations. This is UNACCEPTABLE. Why is Hilton Hotels siding with murderers and rapists to deliberately undermine and impede DHS law enforcement from their mission to enforce our nation’s immigration laws? @BillMelugin_: Hilton statement to @FoxNews: “Hilton hotels serve as welcoming places for all. This hotel is independently owned and operated, and the actions referenced are not reflective of Hilton values. We are investigating this matter with this individual hotel, and can confirm that Hilton works with governments, law enforcement, and community leaders around the world to ensure our properties are open and inviting to everyone.” (Hilton declined as much as 2.3% on Monday.) @amuse: Why would Biden use his pardon power to commute the sentences of Maduro’s nephews after Obama jailed them for 18 years for smuggling almost 2,000 pounds of cocaine? Democrats never wanted Maduro brought to justice and that is why they’re desperate for Trump to return him to power. Why? (2020 Election quid pro quo?) https://x.com/amuse/status/2008198931985879499 Trump: Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS (NOT MIXED!), TAKE CHICKEN P SHOT SEPARATELY, TAKE HEPATITAS B SHOT AT 12 YEARS OLD, OR OLDER, AND, IMPORTANTLY, TAKE VACCINE IN 5 SEPARATE MEDICAL VISITS! Today, the Trump Administration is proud to announce the United States of America’s updated Childhood Vaccination Schedule. This Schedule is rooted in the Gold Standard of Science, and widely agreed upon by Scientists and Experts all over the World. Effective today, America will no longer require 72 “jabs” for our beautiful, healthy children. We are moving to a far more reasonable Schedule, where all children will only be recommended to receive Vaccinations for 11 of the most serious and dangerous diseases. Parents can still choose to give their children all of the Vaccinations, if they wish, and they will still be covered by insurance. However, this updated Schedule finally aligns the United States with other Developed Nations around the World. Congratulations to HHS Secretary Bobby Kennedy, CDC Acting Director Jim O’Neil, FDA Commissioner Marty Makary, CMS Administrator Dr. Oz, NIH Director Jay Bhattacharya, and all of the Medical Experts and Professionals who worked very hard to make this happen. Many Americans, especially the “MAHA Moms,” | |
SWAMP STORIES FOR YOU TONIGHT
the left are getting crazier and crazier!@!
Leftists Petition To Deport Nicki Minaj For Attending Turning Point Event
Tuesday, Jan 06, 2026 – 07:45 AM
Is there something fundamentally wrong with a celebrity being conservative? According to the political left, such a prospect calls for immediate and uncompromising punishment from the woke cult. After all, conservative movie and music stars are rare for a reason – They get blacklisted.
The cancel mob is still around despite numerous political defeats in recent years, and now they want to collect the head of singer Nicki Minaj for their trophy room. Minaj came to the US as a child immigrant from Trinidad to join her legal immigrant parents. The sponsorship status from her family members allows her to reside in the country.
However, because she has not yet received a green card, leftists believe that this is an opportunity to challenge the Trump Administration to “live up to its deportation policies” and remove Minaj from the US. In other words, it’s the classic Alinsky tactic of attempting to make their opponents seem like hypocrites because they won’t apply their principles universally.
Several Change.org petitions to deport Nicki Minaj to her native Trinidad and Tobago have amassed more than 120,000 signatures combined. The most popular petition – garnering over 83,000 signatures – started on July 9, 2025. There are also at least three other petitions created between Dec. 21 and 28, 2025, that coincide with Minaj’s Dec. 21 appearance alongside conservative activist Erika Kirk at Turning Point USA’s AmericaFest, where the rapper praised President Donald Trump’s administration.
One petition argues that that:
“Minaj has left her LGBTQ fans “feeling deeply betrayed,” (Referring to to Minaj’s AmericaFest comment that “Boys, be boys…There’s nothing wrong with being a boy.”)
“Deporting Nicki Minaj back to Trinidad would serve as a reminder that public figures need to be accountable for their words and the broader impact they have on diverse communities…”
“It’s not just about one person’s fall from grace; it’s about holding everyone to a standard of compassion and consistency, especially when they possess significant influence.”
Some conservatives also treated Minaj’s appearance at Turning Point as “controversial”, largely because of her liberal history and sexualized content. But Minaj has been at odds with the progressive establishment for years, and took substantial risks when she spoke against the pandemic mandates and experimental vaccines.
It is likely that the leftist establishment’s attacks on Minaj only pushed her to become more conservative and this was a common theme during covid. Middle of the road liberals found themselves under siege by people they thought were their friends because they dared to question the narrative, and this drove them to join MAGA.
The political left is obsessed with celebrity status, not because they are avid consumers of pop culture media, but because they view each individual celebrity as a tool that can be exploited for the benefit of the progressive hive. In other words, they salivate over the idea of taking control of a celebrity’s “platform” and gaining access to the minds of their fans.
Throughout the last decade we have heard the same argument from woke leftists over and over again when an actor or singer goes rogue: “They have a responsibility to use their platform to spread the progressive message of “equity”. Their platform should be used for the greater good.”
It’s important to understand that celebrities are political slaves in the modern world fusion of Marxism and corporatism. And, if a Hollywood star or a pop icon breaks from the plantation, this is seen as a betrayal of the highest order. The celebrity becomes a heretic who must be ostracized, condemned, humiliated and destroyed. They only exist to serve the spread of the woke message.
Of course, the leftists greatly overestimated the influence of the rich and famous in American politics today. Kamala Harris and the Democrats built her entire 2024 campaign around the notion that each celebrity endorsement was guaranteed to win her millions of votes from captured fans. Their plan failed miserably because they refused to recognize that celebrities have lost most of their social influence exactly because the public knows most of them are bought and paid for.
The petitions to have Minaj deported from the US have no bearing whatsoever on the decisions of the White House. They are, though, a perfect example of how the political left tries to take ownership of pop icons and their behavior as a means to control the minds of their fans.
GREG HUNTER
I WILL TRY AND GIVE A PARTIAL COMMENTARY WEDNESDAY NIGHT
harveyorganblog.com 
