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EXCHANGE: COMEX
XCHANGE: COMEX
CONTRACT: JANUARY 2026 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,449.300000000 USD
INTENT DATE: 01/07/2026 DELIVERY DATE: 01/09/2026
FIRM ORG FIRM NAME ISSUED STOPPED
099 H DEUTSCHE BANK AG 223
118 H MACQUARIE FUTURES US 200
332 H STANDARD CHARTERED B 3
363 H WELLS FARGO SECURITI 7
435 H SCOTIA CAPITAL (USA) 23
624 H BOFA SECURITIES 157
661 C JP MORGAN SECURITIES 91
686 C STONEX FINANCIAL INC 1
737 C ADVANTAGE FUTURES 2
880 H CITIGROUP 7
TOTAL: 357 357
MONTH TO DATE: 5,451
JPMORGAN STOPPED 81/357
GOLD: NUMBER OF NOTICES FILED FOR JANUARY/2026: 357 CONTRACTs NOTICES FOR 35,700 OZ or 1.110TONNES
total notices so far: 5451contracts for 545,100 OR 16.955 tonnes)
SILVER NOTICES: 1624 NOTICE(S) FILED FOR 1.8120 MILLION OZ OZ/
total number of notices filed so far this month : 6321CONTRACTS (NOTICES) for 31.605 million oz
HUGE CHANGES:
INITIAL STANDING FOR JANUARY: 22.915 MILLION OZ FOLLOWED BY TODAY’S HUGE 7.905 MILLION OZ QUEUE JUMP//NEW STANDING ADVANCES TO 34.260 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: 36.275 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 7.905MILLION OZ QUEUE JUMP//STANDING ADVANCES TO 36.260 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 5.178 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 8.824TONNES //NEW TOTAL QUEUE JUMP 14.002TONNES//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 23.749 TONNES.
NEW STANDING FOR GOLD, JANUARY CONTRACT AT 23.749 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: 39.06TONNES
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 HUGE SIZED 1044 CONTRACTS OI TO 154,400 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 1521 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 1160 CONTRACTS AND ADD TO THE 1521 E.FP. ISSUED
WE OBTAIN A MEGA HUGE SIZED GAIN OF 2565 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR LOSS OF $2.78 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 12.825 MILLION PAPER OZ
OCCURRED WITH OUR LOSS IN PRICE.OF $2.78
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 WEDNESDAY MORNING.7:30 AM
SHANGHAI CLOSED DOWN 2.79PTS OR 0.07%
//Hang Seng CLOSED DOWN 309.64 PTS OR 1.17%
// Nikkei CLOSED DOWN 844.72 PTS OR 1.23%
//Australia’s all ordinaries CLOSED UP 0.18%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.9775
/ OFFSHORE CLOSED DOWN AT 6.9841/ Oil DOWNTO 56.94dollars per barrel for WTI and BRENT UP TO 61.15 Stocks in Europe OPENED ALL MIXED
ONSHORE USA/ YUAN TRADING UP TO 6.9775OFFSHORE YUAN TRADING UP TO 6.9797/ONSHORE YUAN TRADING ABOVEOFF SHORE AND DOWN ON THE DOLLAR// / AND THUS STRONGER/OFF SHORE YUAN TRADING DOWN AGAINST US DOLLAR/ AND THUS STRONGER
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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 ROSE BY A FAIR SIZED 1463 CONTRACTS TO 489,300 OI DESPITE OUR HUGE LOSS IN PRICE OF $38.50 WITH RESPECT TO TUESDAY’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 STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (2252). WE HAD HUGE T.A.S. LIQUIDATION TUESDAY. 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 488,116 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 GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 3,429 CONTRACTS (OR 12.825TONNES). 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 STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 3,429 CONTRACTS DESPITE OUR HUMONGOUS LOSS IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT OF THE WEEK AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTACKS VERY EARLY IN THE COMEX SESSIONS AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THEIR DAILY ATTACKS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY AND OUR SHORT SPECULATORS FOR THE THOUGHTFULNESS. LONDON ANNOUNCED EARLY IN THE YEAR (AND SCARCITY CONTINUES TO THIS DAY) THAT THEY WERE OUT OF GOLD. WRONGLY IT WAS ATTRIBUTED TO THEIR SHIPPING PHYSICAL GOLD TO COMEX FOR STORAGE DUE TO TRUMP’S INITIATION OF TARIFFS. THE TRUTH OF THE MATTER IS THAT THIS GOLD LEFT LONDON TO OTHER CENTRAL BANKS, AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH 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 2845 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 5.175 TONNESS WHICH ADDED TO OUR ALL OTHER QUEUE JUMP OF 8.837 TONNES //NEW TOTAL QUEUE JUMP: 14.012TONNES (NORMAL STANDING ADVANCES TO 20.302 TONNES) TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNNES/./NEW STANDING ADVANCES TO 23.749 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 STRONG SIZED EXCHANGE FOR PHYSICAL OF 2252 CONTRACTS.
THAT IS A STRONG SIZED 2252 EFP CONTRACT WAS ISSUED: : /FEB 2252 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2252 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 :
- ZERO 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 TUESDAY NIGHT/WEDNEDAY MORNING WAS A STRONG SIZED 2258 CONTRACTS
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR T.A.S. DRIVEN, ACCOMPLISHES TWO IMPORTANT ASPECTS FOR OUR CROOKS:
- STALLS THE ADVANCE IN PRICE
- LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
THAT SET UP WEDNESDAY’S HUGE LOSS IN PRICE IN GOLD WITH A CORRESPONDING FAIR GAIN OF COMEX OI AND A STRONG 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 5.175 TONNES TO ALLOTHER QUEUE JUMPS OF 8.8837TONNES/NEW TOTAL QUEUE JUMP 14.012 NEW NORMAL STANDING INCREASES TO 20.302AND THEN WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNES//NEW STANDING ADVANCES TO 23.749 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
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD TRADING BEGINNING JANUARY,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $47.00/ /)
WE HAD ZERO T.A.S. SPREADER LIQUIDATION TUESDAY // COMEX SESSION// WITH OUR GAIN IN PRICE ////.. BUT OUR SPECULATORS REMAIN RELENTLESS POURING INTO THE COMEX// WITH OTHER EASTERN CENTRAL BANKS TENDERING FOR PHYSICAL TUESDAY NIGHT WHICH ALSO EXPLAINS THE HUGE NUMBER OF TONNES OF GOLD STANDING FOR JANUARY IN AN OFF MONTH. THE COMEX IS ONE BIG MESS!!
TUESDAY NIGHT//WEDNEDAY MORNING
THE CROOKS HOWEVER COULD NOT STOP OTHER CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL WEDNESDAY EVENING/THURSDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD
A LITTLE REVIEW OF GOLD STANDING THESE PAST 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 5.175. TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 8.837 TONNES: NEW QUEUE JUMPING FOR JAN: 8.135 EQUATES TO 14.012 TONNES//NEW NORMAL STANDING ADVANCES TO 20.302TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 3.447 TONNES. NEW STANDING ADVANCES TO 23.749 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $38.50
WE HAD A SMALL 279 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 | 1 ENTRIES i) JPMorgan 16,075,500 oz 500 killobars) |
| Deposit to the Dealer Inventory in oz | 0- ENTRIES |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 0 xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 357 notice(s) 35700 OZ 1.110 TONNES OF GOLD |
| No of oz to be served (notices) | 1076 contracts 107,600 OZ 3.347 TONNES |
| Total monthly oz gold served (contracts) so far this month | 5451 notices 554,5100oz 16.954TONNES |
| 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
total deposit: NIL oz
(
customer withdrawals:
1 ENTRIES
i) JPMorgan 16,075,500 oz
500 killobars)
0 ENTRIES
they are draining the comex of gold
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ADJUSTMENTs 1//dealer to customer Brinks’
i) 64,334.151 OZ// 2001 KILOBARS
chaos inside the comex
AMOUNT OF GOLD STANDING FOR DECEMBER
THE FRONT MONTH OF JANUARY STANDS AT 1433 CONTRACTS FOR A GAIN OF 1431 CONTRACTS.
WE HAD 234 NOTICES FILED ON TUESDAY, SO WE GAINED A WHOPPING 1665 CONTRACTS OR 166500 OZ (5.178TONNES) OF A QUEUE JUMP (AN EXREMELY HIGH QUEUE JUMP AND ONE OF ITS HIGHEST )
FEB LOST 7785 CONTRACTS DOWN TO 315,743CONTRACTS
MARCH GAINED 113CONTRACTS UP TO 2689
We had 234 contracts filed for today representing 234,00 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 357 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 81 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 (5451 ) to which we add the difference between the open interest for the front month of DEC ( x1433CONTRACTS) minus the number of notices served upon today (357 x 100 oz per contract) equals 652,700Z OR 20.302Tonnes of gold to which we add our first exchange for risk in January of 3.447 tonnes//new standing advances to 23.749onnes
thus the INITIAL standings for gold for the JAN contract month: No of notices filed so far (5451 x 100 oz +we add the difference for front month of JAN (1433 OI} minus the number of notices served upon today (357x 100 oz) which equals 652700 OR 20.302 TONNES plus our first exchange for risk of 3.447 tonnes//new standing advances to 23.749 tonnes
new total of gold standing in JANUARY is 23.749 tonnes
TOTAL COMEX GOLD STANDING FOR JANUARY ..: 21.192 TONNES TONNES WHICH IS STRONG FOR THIS NORMALLY VERY NON ACTIVE ACTIVE DELIVERY MONTH OF JANUARY.
volume WEDNESDAY confirmed 234,813 fair
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COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 1,857,830.151 oz 57,78 tonnes pledged gold lowers
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 36,387,376.305. oz
TOTAL REGISTERED GOLD 19,291,342.327or 600.04Tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,106,233.992 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON 17,433,512oz ((REG GOLD- PLEDGED GOLD)=
542.25 Tonnes // (declining rapidly)
total inventories in gold declining rapidly
SILVER/COMEX
JAN 7.2026
INITIAL/
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 5 entries i) Asahi 595,000.200 oz ii)CNT 622,552.548 oz iii) Delaware 111,499,493 oz iv) HSBC 635,443.700 oz v) JPMorgan 1,293,485,600 oz total withdrawal: 3,257,981.581 oz |
| Deposits to the Dealer Inventory | 1 ENTRY i) Into CNT 598,431.350 oz total deposit 598,431.35 o |
| Deposits to the Customer Inventory | 1 ENTRIES i) CNT 4949.49 oz total deposit: 4949.49 oz |
| No of oz served today (contracts) | 1624CONTRACT(S) ( 8.120 million OZ |
| No of oz to be served (notices) | 531 contracts (2.655 MILLION oz) |
| Total monthly oz silver served (contracts) | 6321contracts 31.605MILLION oz |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
DEPOSITS INTO DEALER ACCOUNTS
1 ENTRY
i) Into CNT 598,431.350 oz
total deposit 598,431.35 oz
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DEPOSIT ENTRIES/CUSTOMER ACCOUNT
0 ENTRIES
i
withdrawals: customer side/eligible
5 entries
i) Asahi 595,000.200 oz
ii)CNT 622,552.548 oz
iii) Delaware 111,499,493 oz
iv) HSBC 635,443.700 oz
v) JPMorgan 1,293,485,600 oz
total withdrawal: 3,257,981.581 oz
adjustments: / / 6 dealer to customer
i) Asahi 389,281.220 0z
ii) Brinks 349,392,840 oz
iii) CNT 958,472.330n0z
iv) 4046.5000 oz
v) LoomisL 4897,600 oz
vi) Stonex 30,361.250 oz
TOTAL REGISTERED SILVER: 125.448MILLION OZ//.TOTAL REG + ELIGIBLE. 442.479Million 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: 2155 OPEN INTEREST CONTRACTS FOR A GAIN OF 1431 CONTRACTS. WE HAD 150 NOTICES FILED ON TUESDAY SO WE GAINED 1581CONTRACTS OR A HUMONGOUS 7.905 MILLION OZ QUEUE JUMP WHERE THEY WILL TAKE DELIVERY ON THIS SIDE OF THE POND.
FEB GAINED 1564 CONTRACTS UP TO 3423CONTRACTS
MARCH LOST 3852 CONTRACTS DOWNTO 104,574
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1624 or 8.120 MILLION oz
CONFIRMED volume; ON WEDNESDAY 175,714huge//
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 6321 X5,000 oz = 31.605MILLION oz
to which we add the difference between the open interest for the front month of JANUARY (2155) AND the number of notices served upon today (1624)x (5000 oz)
Thus the standings for silver for the JANUARY 2026 contract month: (6321 Notices served so far) x 5000 oz + OI for the front month of JAN(2155) minus number of notices served upon today (1624x 5000 oz equals silver standing for the JANUARY.contract month equating to 34.260 MILLION OZ
NORMAL STANDING: 34.260MILLION 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 127.180 million oz of registered silver
JPMorgan as a percentage of total silver: 185.031/445.031million. 41.57%
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 8/2026/WITH GOLD DOWN $0.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.00 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 1067.13 TONNES
JAN 7/2026/WITH GOLD DOWN $38.50 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.00 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 1067.13 TONNES
JAN 6/2026/WITH GOLD UP $47.00 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 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: 1067.13 TONNES, TONIGHTS TOTAL
SILVER
JAN 8/WITH SILVER DOWN $2.40/HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 10.481 MILLION OZ OUT OF THE SLV OZ FROM THE SLV. /. ./ :INVENTORY RESTS AT 525.730 MILLION OZ //
JAN 7/WITH SILVER DOWN $2.78/HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 10.481 MILLION OZ OUT OF THE SLV OZ FROM THE SLV. /. ./ :INVENTORY RESTS AT 525.730 MILLION OZ //
JAN 6/WITH SILVER UP $4.93 /SMALL CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 363,000 OZ FORM THE SLV. /. ./ :INVENTORY RESTS AT 528.691 MILLION OZ //
JAN 6/WITH SILVER UP $4.93 /SMALL CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 363,000 OZ FORM THE SLV. /. ./ :INVENTORY RESTS AT 528.691 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 518.210 MILLION OZ OF SILVER
PHYSICAL GOLD/SILVER
1/PETER SCHIFF
JOHN RUBINO
jAMES RICKARDS
2. MATHEW PIEPENBURG/VON GREYERZ
ALASDAIR MACLEOD.
. CHRIS POWELL AND HIS GATA DISPATCHES
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS / AND TODAY;S 254
5. COMMODITY REPORT//:
COPPER
5B. COMMODITY REPORT//SILVER/SILVER LEASE RATES:/SILVER
Shanghai silver inventories
SPECIAL THANKS TO ROBERT
Harvey and Chris,
The Shanghai Gold Exchange weekly silver inventory report was published today. It covers the period from 30 December to 7 January and there was a 215t reduction of inventory to 726t. This is apparently the lowest since July 2016, so nearly a decade.
Lease rates for silver in Shanghai remain over 20% and there is no sign of lease rates reducing in London from c7%/8%. On the face of it, they are unlikely to fall on this news.
Bob
special thanks to Robert H for sending this to us:
SILVER COMMENTARIES
END
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS WEDNESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN AT 6.9775
OFFSHORE YUAN: UP TO 6.9849
HANG SENG CLOSED DOWN 844.72 PTS OR 1.63%
2. Nikkei closed DOWN 844.72 PTS OR 1.63%
3. Europe stocks SO FAR: ALL MIXED
USA dollar INDEX UP TO 98.63 /// EURO FALLS TO 1.1665DOWN 1 3BASIS PTS
3b Japan 10 YR bond yield: RFALL TO. +2.11// DOWN 2 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 156.95… 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: 3.602UP 1FULL 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 DOWN /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR 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 $4434.40 Silver at: 74.72 1 am est) SILVER NEXT RESISTANCE LEVEL AT $80.00
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 5XXX/100 roubles/dollar; ROUBLE AT XXXX
3m oil (WTI) into the 56dollar handle for WTI and 621handle 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 2.111% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING//YEN BOND TRADING OVERSEAS REPATRIATED.//JAPAN 30 YR: 3.501 UP 31BASIS 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: 4.185 UP 1 BASIS PTS…
USA 30 YR BOND YIELD: 4.861 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 3.494UP 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 43.035UP 2BASIS PTS/LIRA GETTING KILLED
10 YR UK BOND YIELD: 4.425 DOWN 6 PTS
30 YR UK BOND YIELD: 5.177 UP 1 BASIS PTS
10 YR CANADA BOND YIELD: 3.427 UP 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.9454 UP 1 BASIS PTS.
1a New York OPENING REPORT
Futures Drop After Latest Trump Headline Vortex, Silver Slides Ahead Of Index Rebalance
Thursday, Jan 08, 2026 – 08:28 AM
US futures are lower as New Year optimism gives way to jitters about the economy and geopolitics with attention turning to tomorrow’s NFP report. Traders are also trying to make sense of Trump’s latest edicts on defense and corporate landlords, with a vortex of headlines making things feel more unpredictable than usual. As of 8:00am ET, S&P 500 futures drop 0.2% with Nasdaq 100 contracts -0.3% with tech names leading declines amid profit-taking on artificial-intelligence trade but off the day’s lows after a report that China is to approve some Nvidia H200 purchases as soon as this quarter. In premarket trading, Mag7 names mixed but net higher as Semis are weaker. Defense stocks are up after Trump demanded a $500 billion boost to annual defense spending. That followed an edict that major defense contractors that work with the government must end stock buybacks and dividends until they invest more in factories and research. Corporate landlords are also in the spotlight after Trump pledged on Wednesday to stop institutional investors buying more homes, with Blackstone closing 5.6% lower. Energy, Industrials, and Staples the leading sectors as the yield curve twists steeper and the USD has a slight bid. Key overnight headlines were that China is looking for new oil sources, and China will approve some NVDA H200 chips. In commodities, crude is higher while Ags and Precious Metals are sold. Silver investors brace for an annual rebalancing of commodity indexes that could see futures contracts worth billions of dollars sold in the next few days. Today’s macro data focus is on jobless claims and the Challenger Job Cuts report, the latter showing a decline in job cuts as December hiring picks up. US economic calendar includes 3Q preliminary nonfarm productivity, weekly jobless claims and October trade balance (8:30am), wholesale inventories (10am), December NY Fed 1-year inflation expectations (11am) and November consumer credit (3pm). Scheduled Fed speakers include Miran (8am and 10am)
In premarket trading, Mag 7 stocks are mixed: Alphabet (GOOGL) gains 0.7% as Cantor Fitzgerald upgrades to overweight (Amazon +0.3%, Nvidia +0.4%, Tesla -0.9%, Meta -0.4%, Microsoft -0.6%, Apple -1.2%).
- Defense stocks advance, with Northrop Grumman (NOC) up 8% and Lockheed Martin (LMT) rising 7%, after President Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027.
- Alcoa (AA) falls 3% after JPMorgan downgrades the stock to underweight, saying the rating cut reflects relative valuation following a period of outperformance. The bank also said it prefers copper over aluminum.
- Globus Medical (GMED) gains 7% after the medical device maker issued a profit forecast for 2026 that beat expectations.
- Helen of Troy (HELE) drops 5% after the consumer products company cut its adjusted earnings per share guidance for the full year.
- Revolution Medicines (RVMD) falls 6% after AbbVie says it is not in talks to buy the cancer-drug developer.
- Soho House (SHCO) declines 11% after the members’ club operator said it faces a funding gap tied to the company’s pending sale.
In other corporate news, a regulatory filing revealed that the DOJ is conducting an in-depth review of Paramount Skydance’s hostile tender offer for Warner Bros., while Netflix also said it is engaging with antitrust authorities. JPMorgan is set to replace Goldman Sachs as the partner for Apple’s credit-card business. Revolution Medicines fell in extended trading after AbbVie said it’s not in discussions to acquire the cancer-focused biotech firm. Constellation Brands reported comparable EPS and net sales for the third quarter that beat estimates and reaffirmed its full-year forecast. No major earnings are expected before the market opens.
Sentiment was muted for the second day in a row as the January rally fizzled after soft ADP data left little incentive to add risk before Friday’s payrolls number, while shockwaves from the US raid on Venezuela continue to play out. Gold and silver fell for a second day, with investors bracing for an annual rebalancing of commodity indexes that could see futures contracts worth billions of dollars sold in the next few days (See Silver About To Crash: Why Two Banks Think A Meltdown Looms Next Week).
Defense stocks are up premarket after Trump demanded a $500 billion boost to annual defense spending. That followed an edict that major defense contractors that work with the government must end stock buybacks and dividends until they invest more in factories and research. Corporate landlords are also in the spotlight after Trump pledged on Wednesday to stop institutional investors buying more homes, with Blackstone closing 5.6% lower.
“We see a bit of a profit-taking after a couple of days and I think geopolitical risk remains quite high,” said Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan Private Bank. “The market is now really positioning for the upcoming earnings season.”
Elsewhere in AI, China plans to approve some imports of Nvidia’s H200 chips as soon as this quarter for select commercial use, according to people familiar. And 2025’s hottest corner of the stock market — memory and storage companies — remains scorching in the new year, but some Wall Street pros are now wondering if a reversal is coming.
The rally in global bonds also stalled, with the yield on 10-year Treasuries rising two basis points after announced layoffs at US companies dropped to a 17-month low in December. Weekly jobless-claims data will offer further clues on the state of the labor market after earlier figures this week offered mixed signals.
One of Trump’s earlier campaigns, tariffs, are also back in the news, with the US Supreme Court poised to decide the fate of most of the duties as soon as Friday. More than 1,000 corporate entities are now involved, court records show. Even if the Supreme Court declares the tariffs unlawful, the justices are likely to leave the question of refunds to lower courts.
Meanwhile, corporations and governments in the US, Europe and Asia have borrowed roughly $260 billion across currencies by the close of business on Wednesday, the highest tally on record for the comparable period, according to data compiled by Bloomberg. A further barrage of bond offerings is poised to push that number higher. At least 23 issuers are expected to price bonds in Europe’s primary market, raising at least €23.8 billion, according to data compiled by Bloomberg. In Asia, China announced plans to issue about $75 billion of bonds early this month.
European stocks are also tilting lower: the Stoxx 600 is down 0.3%, weighed down by IT, energy and materials names.Banks outperform, while British food retailers lag on disappointing Christmas trading. Here are some of the biggest movers on Thursday:
- Soitec shares jump as much as 11% on Thursday after the semiconductor wafer firm named Infineon executive Laurent Rémont as its CEO starting in April.
- BAE Systems shares rise as much as 7%, leading a broad rally in defense shares after President Donald Trump said on Wednesday he will request an increase in the US military budget.
- OVH Groupe shares surge as much as 8.2%, the most since April, after the IT services firm reported higher first-quarter revenue compared to last year.
- Implenia shares jump as much as 6.4% and hit a record high after its joint venture with Marti won new rail infrastructure contracts.
- M&S shares gain as much as 3.7%, the most since November, after the UK retailer maintained its full-year guidance despite reporting a slowdown in clothing sales.
- Cerillion shares jump as much as 11%, the most since 2023, after the IT service firm won its largest-ever contract worth ~£42.5 million with Oman Telecommunications.
- Associated British Foods shares drop as much as 12% to a nine-month low after the group warned its profit will be lower than expected this fiscal year due to weaker Primark sales and a mixed performance in its food business.
- Tesco shares slide as much as 6% after Britain’s largest supermarket chain posted softer-than-expected like-for-like growth in its core market over the Christmas period.
- Greggs shares decline as much as 8.2%, the most in five months, as the baker’s trading update for the last three months of 2025 disappoints analysts.
- Shell shares drop as much as 3% in London after the British integrated oil company published a trading update analysts saw as a slight negative.
- Logitech falls as much as 5.4%, to the lowest level in five months, after BNP Paribas downgrades the Swiss firm to neutral from outperform, with its peripherals and gaming-related sales likely to face a hit from hikes in memory pricing.
- Sabic shares fall as much as 4.8% to the lowest level since April 2009 after the petrochemical firm reported non-cash losses from divesting two units.
Earlier in the session, Asian stocks fell for a second day, with weakness in Hong Kong extending and Japanese shares reeling amid the country’s tensions with China. The MSCI Asia Pacific Index dropped as much as 0.9%, the most in three weeks, with Tencent, SoftBank and Samsung among the biggest drags. Equities in Japan, Hong Kong and mainland China led the losses, while those in South Korea fluctuated. Hong Kong markets underperformed in the region, weighed down by a lackluster tech sector, with Lenovo sliding on concerns that surging memory prices will squeeze its margin. The mainland market was dragged by a retreat in local brokerage shares. After a strong start to 2026, the weakness in Hong Kong “may just be a breather,” said Marvin Chen, a strategist at Bloomberg Intelligence. Japanese stocks extended their declines as investors turned cautious amid rising tensions with China. In the latest escalation, Beijing launched an anti‑dumping probe into dichlorosilane, a semiconductor material imported from Japan. Shares of Japanese chipmaking‑materials firms fell, while Chinese companies involved in dichlorosilane jumped.
In FX, the Bloomberg Dollar Index is a touch higher. Antipodeans lag, with the Aussie dented after cautious comments from Deputy Governor Andrew Hauser.
In rates, treasuries hold small curve-steepening losses amid deeper selloff in bunds following European government bond supply surge including syndicated sales by Italy and Portugal and conventional offerings by France and Spain. US yields cheaper by 1bp to 2bp with curve spreads slightly wider; 10-year near 4.17% is 1.6bp cheaper on the day, German counterpart by an additional 1.5bp. German yields are 1-2bps higher following strong factory orders. US 10-year yield is up 1bp with no follow-through from the early release of Challenger data, with layoffs at a 17-month low. Focal points of US session include jobless claims data and corporate new-issue slate adding to already historic weekly volume.
In commodities, spot gold and silver are down for a second day in a row with respective losses of 0.7% and 3.3%. Spot gold slipped below $4,450 an ounce, after losing nearly 1% in the previous session. Silver dropped below $75 an ounce. Brent crude held above $60 a barrel. WTI crude has continued to climb throughout the European session, higher by 1.5% but still on track for a weekly loss. Prices remain sensitive to updates on Venezuela. Bitcoin is down 1.0%.
Looking at the day ahead, the US economic calendar includes 3Q preliminary nonfarm productivity, weekly jobless claims and October trade balance (8:30am), wholesale inventories (10am), December NY Fed 1-year inflation expectations (11am) and November consumer credit (3pm). Scheduled Fed speakers include Miran (8am and 10am). Micron, Synopsys and News Corp are among companies presenting at the Needham growth conference in New York.
Market Snapshot
- S&P 500 mini -0.2%
- Nasdaq 100 mini -0.3%
- Russell 2000 mini -0.5%
- Stoxx Europe 600 -0.4%
- DAX little changed
- CAC 40 -0.2%
- 10-year Treasury yield +1 basis point at 4.16%
- VIX +0.4 points at 15.79
- Bloomberg Dollar Index little changed at 1208.2
- euro little changed at $1.1677
- WTI crude +0.9% at $56.51/barrel
Top Overnight News
- The White House is drafting an executive order broadly targeted at addressing Americans’ frustration with the cost of living, including a push to allow people to dip into their retirement and college savings accounts to afford down payments on homes. The draft is also expected to move toward banning large investors from acquiring single-family homes. Politico
- Trump said our military budget for the year 2027 should not be $1tln, but rather $1.5tln.
- House votes to advance Democrats’ bill to extend expired healthcare subsidies. US bipartisan Senate group believes it is on the verge of a deal, regarding health care and a Obamacare subsidies extension, Punchbowl reports; however, the Hyde language is “now viewed more acutely as an insurmountable problem.”
- Trump signs a Presidential Memorandum directing withdrawal of US from participation in 66 international organisations.
- Punchbowl reported that the State of the Union date of February 24th is firm, which US President Trump will deliver.
- Colombia expects tensions with the US to ease following an hour-long phone call between Donald Trump and Gustavo Petro, a senior Colombian diplomat said. The two presidents will meet at the White House at some point. BBG
- US officials are said to be working on options for business deals in Greenland, including rare earth minerals mining and hydroelectric power, to step up links to the island. BBG
- California Governor Gavin Newsom will call for a crackdown on institutional investors buying up homes in the state, targeting private equity and hedge fund investors purchasing homes, particularly corporate entities buying at scale. BBG
- President Trump and his advisers are planning a sweeping initiative to dominate the Venezuelan oil industry for years to come, and the president has told aides he believes his efforts could help lower oil prices to his favored level of $50 a barrel. WSJ
- US oil companies want “serious guarantees” from Washington before they make splashy investments in Venezuela as Trump urges them to back his bid to reshape energy markets. FT
- Following Trump’s approval, The Senate could vote as soon as next week to impose new sanctions aimed at pressuring Russia to end its war with Ukraine. Politico
- China plans to approve limited imports of Nvidia’s H200 AI chips this quarter, people familiar said. Sales will exclude military and state sectors. Reuters reported that Nvidia is requiring Chinese buyers to make full payment upfront. BBG
- China said its latest export controls are aimed at the military and won’t affect civilian trade. It sought to reassure Japanese businesses amid concern over supply chains and rare earths. BBG
Trade/Tariffs
- China is to reportedly approve some NVIDIA (NVDA) H200 purchases as soon as this quarter, according to sources cited by Bloomberg; China to bar H200 from state bodies and critical infrastructure; Beijing is said to allow commercial use of H200 AI chip. Alibaba (BABA) and Bytedance have both reportedly informed NVIDIA that they are interested in ordering in excess of 200k units each of the H200, according to sources.
- India’s Foreign Ministry reportedly intends to remove restrictions on Chinese firms bidding for government contracts, according to sources.
- US President Trump posted “I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal”. Full Post: “I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal. These purchases will include, among other things, American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment to improve Venezuela’s Electric Grid and Energy Facilities. In other words, Venezuela is committing to doing business with the United States of America as their principal partner – A wise choice, and a very good thing for the people of Venezuela, and the United States. Thank you for your attention to this matter!”.
Central Banks
- BoJ’s Nagoya region branch manager said US trade policy is having negative impact in the region, but is not dealing a severe blow to region’s economy. Some firms in the region see China’s export curb as potentially having an impact on their businesses.
- BoJ maintains its assessment on all Japan’s 9 regions in its quarterly regional report.
- ECB Consumer Expectations Survey (Nov 2025 vs Oct 2025): median consumer perceptions of inflation over the previous 12 months remained unchanged, as did median inflation expectations for the next 12 months, for three years ahead and for five years ahead. 1-year: 2.8% (prev. 2.8%). 3-year: 2.5% (prev. 2.5%). 5-year: 2.2% (prev. 2.2%).
- ECB’s de Guindos said the ECB is at inflation target, but uncertainty remains very high.
- BoE DMP (Dec): 1yr ahead CPI expectations maintained at 3.4%; 3yr ahead maintained at 2.9%. Wage Growth1yr ahead: 3.7% (prev. 3.8%).
- RBA Deputy Governor Hauser said likely seen the last rate cut in the cycle and the likelihood of near term rate cuts is very low, also noted November CPI data was helpful, but largely as expected, according to ABC interview.
- SNB Minutes: Governing Board confirmed that it remains willing to be active in the foreign exchange market as necessary; Board will continue to monitor the situation closely and adjust monetary policy if necessary.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks eventually traded mostly negative following a similar handover from Wall Street, where the S&P 500 and DJIA pulled back from record highs. ASX 200 traded marginally higher as strength in health care, tech, consumer stocks, energy and financials, offset the losses in mining and materials, with mild tailwinds seen amid a softer yield environment in Australia. Nikkei 225 extended its decline beneath the 52,000 level amid soft wages data from Japan and further frictions with China after MOFCOM yesterday announced an anti-dumping probe into Japan’s dichlorosilane imports, which is a key chipmaking chemical, while Japan protested China’s operation of mobile drilling rigs in waters on the Chinese side of the Japan-China median line in the East China Sea. Hang Seng and Shanghai Comp eventually traded negative with the Hong Kong benchmark pressured amid tech-related weakness and with some early pressure seen in China’s OpenAI rival Knowledge Atlas Technology a.k.a. Zhipu, during its Hong Kong debut. The mainland eventually gave up the modest gains that were seen as the PBoC conducted a CNY 1.1tln outright reverse repo operation to maintain ample liquidity in the banking system.
Top Asian News
- China’s Ambassador rejects Japan’s export controls negotiations.
- PBoC announced on Wednesday it will conduct a CNY 1.1tln outright reverse repo operation on Thursday to maintain ample liquidity in the banking system.
- Fast Retailing (9983 JT) Q1 (JPY): Revenue 1.03tln (prev. 0.895tln), PBT 226.7bln (prev. 196.6bln), Net 147.5bln (prev. 131.9bln).
European bourses (STOXX 600 -0.4%) are mostly lower, following the negative tone seen in APAC trade. The DAX 40 (U/C) did initially buck the negative mood, with upside facilitated by strength in Rheinmetall (+3%) after President Trump called for a 50% increase in US defence spending by 2027. European sectors have opened mostly in the red. Leading sectors are Banks (+0.4%), Insurance (+0.2%) and Food Beverage & Tobacco (+0.2%). The banking sector has been underpinned by gains in BNP Paribas (+2.0%) after the Co. said that the judge’s decision to certify the verdict in Sudan clears the path for the bank to pursue an appeal, otherwise newsflow has been light for the other outperforming sectors. To the downside, Basic Resources is weighed on by downside across underlying metals.
Top European News
- EU plans to pursue a special rulebook for corporates outside national law, which would create a voluntary ‘28th regime’ for companies to operate across EU, according to FT.
FX
- DXY is essentially flat/incrementally firmer and trades above its 100 DMA within a fairly narrow 98.67 to 98.82 range; further upside for the Dollar could see the test of its 200 DMA at 98.87, the round 99.00 mark and then the 50 DMA at 99.08. G10s are mixed against the Dollar, with some underperformance in the Antipodeans which have been weighed on by the risk-tone and pressure in the metals complex.
- Really not much driving things for the Dollar this morning, but with some focus on an early release of the US Challenger Layoffs (Dec), which fell to 35.55k (prev. 71.3k). The inner report highlighted that “while December is typically slow, this coupled with higher hiring plans, is a positive sign after a year of high job cutting plans”. A constructive picture for the labour market, which follows on from a rebound in the ADP in the prior session (albeit that printed shy of expectations). Ahead, a couple more labour market metrics in the form of jobless claims and RevelioLabs Employment data.
- EUR is also flat and currently at the lower end of a narrow 1.1668-1.1682 range. A strong German Factory Orders print had little impact on the single currency this morning. Focus has been on regional geopolitics in the past couple of days; on one front, positive mood music out of Ukraine with President Zelenskiy suggesting that the war could end in H1’26. Elsewhere, Trump’s continued verbal assault on Greenland will keep NATO and allies on their toes.
Fixed Income
- A contained start for fixed benchmarks with newsflow somewhat light early doors aside from ongoing digestion of updates regarding Venezuela. But have gradually slipped from best levels as the morning progressed.
- USTs got to a 112-21 peak, firmer by three ticks, and Bunds to a 128.15 high with gains of 10 ticks at most early doors. Thereafter, the benchmarks began to gradually trim as the risk tone lifted off lows into the morning, with assistance coming via reporting regarding NVIDIA. For USTs, an early release of December’s Challenger Jobs series spurred no move, headline printed at 35.55k (prev. 71.3k).
- Supply this morning came from Spain (fine, but softer than is usually the case) and France (strong overall), but neither outing spurred any significant move.
- Gilts opened near-enough unchanged just above 92.00 before extending to 92.16 and then falling to a 91.88 low, in-fitting with action in peers. No move to the latest DMP survey.
- Spain sold EUR 6.28bln vs exp. EUR 5.5-6.5bln 2.70% 2030, 3.00% 2033, 3.45% 2043 Bono & EUR 0.726bln vs exp. EUR 0.25-0.75bln 1.15% 2036 I/L Bono. EUR 2.8bln 2.70% 2030: b/c 2.21x (prev. 1.97x); average yield 2.51% (prev. 2.471%). EUR 2.01bln 3.00% 2033: b/c 2.08x (prev. 2.34x); average yield 2.94% (prev. 2.88%). EUR 1.46bln 3.45% 2043: b/c 1.87x; average yield 3.8%. 1.15% 2036 I/L: b/c 1.9x (prev. 2.63x); yield 1.51% (prev. 1.469%).
- France sold EUR 13.5bln vs exp. EUR 11.5-13.5bln 3.50% 2035, 0.50% 2040, 3.60% 2042 & 3.75% 2056 OAT. 3.50% 2035: b/c 1.98x (prev. 2.147x); average yield 3.53% (prev. 3.43%). 0.50% 2040: b/c 2.37x (prev. 2.272x); average yield 3.95% (prev. 3.898%). 3.60% 2042: b/c 2.12x (prev. 2.922x); average yield 4.05% (prev. 3.92%). 3.75% 2056: b/c 3.4x; average yield 4.46%.
- Japan sold JPY 524.9bln 30-yr JGBs; b/c 3.14x (prev. 4.04x), and average yield 3.447% (prev. 3.427%). Lowest accepted price 99.15 vs prev. 96.55. Average accepted price 99.30 vs prev. 96.64. Tail in price 0.15 vs prev. 0.09.
Commodities
- WTI and Brent front-month futures post mild upside as the contracts rebound after two consecutive sessions of losses and after the US’ effective seizure of Venezuela’s crude, which promises more barrels in the market and a likely move away from Canadian oil for the US. WTI Feb resides in a USD 55.97-56.51/bbl range whilst Brent Mar sits in a USD 59.96-60.48/bbl band.
- Nat Gas, meanwhile, is on a firmer footing once again after Dutch TTF settled over 2.5% higher, albeit off best levels, with traders citing the current cold snap across some of Europe. ING suggests that EU gas storage is now 58% full vs a 5-year average of 72%.
- Spot gold resides closer to the bottom end of a USD 4,415.40-4,466.48/oz range, but is still holding onto a long-term upward trend.
- Base metals succumb to the modestly firmer dollar and overall weaker risk, with 3M LME copper dipping back under USD 13k/t before finding some support at USD 12,687/t. Newsflow overall remains light, but traders are also cognizant of the SCOTUS update tomorrow, which could provide a ruling on President Trump’s Liberation Day and some targeted tariffs (possible, not guaranteed).
- HSBC forecasts gold to hit USD 5000/oz in H1’26 due to geopolitical risk and increasing fiscal debt; High volatility trading level likely.
- ICE plans 22-hour trade for European and UK gas and power by February 23rd.
- US President Trump’s team works up a sweeping plan to control Venezuelan oil for years to come, while Trump believes his efforts could help lower oil prices to his favoured level of USD 50/bbl, according to WSJ.
- US oil companies warn they will need guarantees to invest in Venezuela, according to FT.
- Chevron is in talks with US government to expand Venezuela license and seeks authorisation to supply Venezuelan oil to other buyers, according to industry sources. US government also wants other US companies involved in oil exports from Venezuela.
- US Vice President Vance said Venezuela can only sell its oil if it serves US national interests, and the way we control Venezuela is to control the purse strings.
Geopolitics – Ukraine
- US VP Vance said seized oil tanker was a fake Russian tanker, while he stated the US had a legitimate indictment for Maduro and that President Trump will make a determination on Greenland.
- US Republican Senator Graham said after meeting Wednesday with US President Trump, that he has greenlit the bipartisan Russia sanctions bill, while Graham looks forward to a vote as early as next week.
Geopolitics – Middle East
- Israel considers Lebanon’s efforts to disarm Hezbollah ‘totally insufficient’, Sky News Arabia reports
- Iranian Foreign Minister said “We are ready for any situation and we do not want war, but we are ready for it and we are also ready to negotiate”, Al Jazeera reported. “We are ready to negotiate with the United States on the basis of mutual respect and mutual interests”.
Geopolitics – Other
- US President Trump said the US would be extracting Venezuelan oil for years; “the oil will take a while in Venezuela”; said US oversight of Venezuela could last for years.
- US President Trump’s administration draws up new legal justification for Maduro operation with DoJ’s opinion expected to say that it was lawful because it was part of a law enforcement action, according to WSJ.
- US VP Vance said seized oil tanker was a fake Russian tanker, while he stated the US had a legitimate indictment for Maduro and that President Trump will make a determination on Greenland.
- China hacked email systems of US Congressional Committee staff with Beijing intelligence said to have used Salt Typhoon to access communications used by top panels in US Congress, while the intrusions were detected in December, FT reported.
- US President Trump comments it was a great honour to speak with Colombia’s President, who called to explain the situation of drugs and other disagreements that we have had, Trump said he appreciates his call and tone and looks forward to meeting him. Full post: “It was a Great Honor to speak with the President of Colombia, Gustavo Petro, who called to explain the situation of drugs and other disagreements that we have had. I appreciated his call and tone, and look forward to meeting him in the near future. Arrangements are being made between Secretary of State Marco Rubio and the Foreign Minister of Colombia. The meeting will take place in the White House in Washington, D.C.”.
- US Republican Senator Graham said after meeting Wednesday with US President Trump, that he has greenlit the bipartisan Russia sanctions bill, while Graham looks forward to a vote as early as next week.
- UK PM Starmer spoke with US President Trump this evening and set out his position on Greenland.
US Event Calendar
- 8:30 am: 3Q P Nonfarm Productivity, est. 5%, prior 3.3%
- 8:30 am: 3Q P Unit Labor Costs, est. -0.09%, prior 1%
- 8:30 am: Jan 3 Initial Jobless Claims, est. 212.44k, prior 199k
- 8:30 am: Dec 27 Continuing Claims, est. 1900k, prior 1866k
- 8:30 am: Oct Trade Balance, est. -58.65b, prior -52.8b
- 10:00 am: Oct F Wholesale Inventories MoM, est. 0.2%, prior 0.5%
- 3:00 pm: Nov Consumer Credit, est. 10.08b, prior 9.18b
- 10:00 am: Fed’s Miran Speaks in Athens
DB’s Jim Reid concludes the overnight wrap
While geopolitical headlines stayed on the front page over the past 24 hours, market attention shifted towards domestic US policy late in yesterday’s session as President Trump’s social media posts dragged on shares of homebuilders and defence companies. That led the S&P 500 (-0.34%) to pull back after reaching new intra-day record highs. Sovereign bonds had a decent session thanks to soft European inflation and further oil price declines, with Brent crude (-1.22%) falling to below $60/bbl, though Treasuries underperformed as another strong batch of US data added to optimism on the 2026 outlook.
In the first of Trump’s posts that triggered a turn in market sentiment, the President said he was “immediately taking steps to ban large institutional investors from buying more single-family homes”, which weighed on various real estate-related stocks. Blackstone fell as much as -9% intra-day before closing -5.57% lower, while the capital goods industry group in the S&P was down -2.27%. Trump’s other target was the defence sector. He posted that “I will not permit Dividends or Stock Buybacks for Defense Companies” unless they invest more in production and maintenance and issued a related executive order later on. Defence contractors including Northrop Grumman (-5.50%), Lockheed Martin (-4.82%) and RTX (-2.45%) slid on the news. However, there were potentially better news for defence firms after the close, with Trump demanding a boost in the 2027 US defence budget from $1trn to $1.5trn. It is $901bn in the current 2026 fiscal year.
The renewed policy risks left the S&P 500 -0.34% lower by the close. The move would have been considerably worse were it not for outperformance by the Magnificent 7 (+0.24%), as the equal-weighted S&P (-1.15%) had its worst day since November. In Europe, stocks had a mixed session, with a new record for the DAX (+0.92%) limiting losses for the STOXX 600 (-0.05%), with the FTSE 100 (-0.74%) leading on the downside.
The sell-off has mostly extended into Asia with the Hang Seng (-1.27%), Nikkei (-1.16%), and the CSI (-0.58%) lower. However, the KOSPI (+0.72%) is defying the negative trend, continuing its upward trajectory as demand for semiconductor stocks continues. The S&P/ASX 200 (+0.28%) is also experiencing slight gains on dovish central bank speak (details below). S&P 500 (-0.20%) and NASDAQ 100 (-0.31%) futures are both lower again.
Early morning data indicated that Japan’s real wages fell by -2.8% year-on-year in November, worsening from October’s revised decline of -0.8% and marking the 11th consecutive monthly decrease, with the weakest result recorded since late 2023. Nominal wages exhibited a similar trend, with total cash earnings increasing by only +0.5% year-on-year (compared to +2.3% expected), representing the slowest growth rate since December 2021. 10-year Japanese Government Bonds (JGBs) have decreased by -3.4bps, trading at 2.08% as I write.
Meanwhile, Australian government bonds are rallying hard, with 10-year bond yields decreasing by -9.0bps to trade at 4.67%. The policy-sensitive 3-year bonds are trading -8.4bps lower at 4.07%. This follows comments from RBA’s Deputy Governor Andrew Hauser, who expressed what is being interpreted as a dovish stance by indicating that the central bank is adopting a one- to two-year perspective on inflation instead of responding to individual data releases.
In term of yesterday’s US data, the highlight was the ISM services index for December, which hit a 14-month high of 54.4 (vs. 52.2 expected). So reassuring investors that the economy had ended the year in a strong position, particularly after the ISM manufacturing index hit a 14-month low earlier in the week. Indeed, the details were very strong as well, as the new orders component hit a 15-month high of 57.9, and the employment component hit a 10-month high of 53.9.
Other indicators also suggested that the US labour market was still in decent shape. We had the ADP print ahead of tomorrow’s jobs report, which showed that private payrolls grew broadly as expected at +41k in December (vs. +50k expected). Then we had the JOLTS report for November, with layoffs down to a 6-month low of 1.687m, whilst the quits rate of those voluntarily leaving their roles moved up to 2.0%. So overall, the print was seen as a sign of labour market strength, even as openings themselves dipped by more than expected to 7.146m (vs. 7.648m expected).
In the meantime, markets continued to face crosswinds from various geopolitical issues. One major development yesterday was that the US had seized a Russian-flagged ship in the Atlantic for violating US sanctions. Shortly afterwards, Defense Secretary Hegseth posted that “The blockade of sanctioned and illicit Venezuelan oil remains in FULL EFFECT — anywhere in the world.” It was also announced that another tanker had been seized in the Caribbean Sea. At the same time, US plans for Venezuelan crude continued to take shape, with Energy Secretary Chris Wright saying that the US plans to indefinitely control sales of Venezuelan oil. Brent crude fell -1.22% to $59.96/bbl, only a dollar above its post-2021 low reached in mid-December. Overnight it’s back up around half a percent.
Yesterday’s oil decline supported sovereign bonds, with the 10yr Treasury yield (-2.4bps) down to 4.15%, although the 2yr yield (+0.8bps) held up as investors priced in a bit more Fed hawkishness given the US data. 10yr yields are down another -1.2bps this morning.
In Europe, bonds were also boosted by the latest European inflation numbers. Those showed that Euro Area inflation fell to +2.0% as expected in December, whilst core CPI was down to +2.3% (vs. +2.4% expected). So that pushed back against residual fears about a hawkish ECB pivot this year and added to the sense that the ECB might cut next rather than hike. Yields on 10yr bunds (-3.0bps), OATs (-3.1bps) and BTPs (-1.9bps) all moved lower. Meanwhile, UK gilts saw a particularly big outperformance, with the 10yr yield down -6.5bps, whilst the 2yr yield fell to its lowest since August 2024, at 3.67%.
Finishing up with another round of geopolitical news, Trump also posted fresh comments about NATO yesterday, saying that “We will always be there for NATO, even if they won’t be there for us”, which followed a statement from several European leaders on Tuesday defending Greenland’s sovereignty. In an interview with Fox News, Vice President JD Vance said Trump is willing to “go as far as he has to” on Greenland. Elsewhere, the dispute between China and Japan continued to escalate, with China starting an anti-dumping probe into dichlorosilane, which is used to make chips. That comes on top of a previous announcement this week from China, which bans the export of dual-use items to Japan that could have military uses. All the headlines notwithstanding, gold prices (-0.85%) yesterday fell back for the first time this year, suggesting that investor fears are easing back a little on the geopolitical side.
Looking at the day ahead, data releases include the Euro Area unemployment rate and German factory orders for November, along with the US weekly initial jobless claims. Otherwise, the ECB will release their Consumer Expectations Survey for November.
END
1b European report
1c Asian report
2b. JAPAN
3. CHINA/JAPAN
China Blocks Japan From ‘Heavy’ Rare-Earths Supply, Will Filter Down Across Global Supply Chains
Thursday, Jan 08, 2026 – 10:25 AM
Going all the back to November 7, when Japanese Prime Minister Sanae Takaichi first provoked outrage in China by suggesting that Japanese Defense Forces could militarily defend Taiwan in the event of a Chinese invasion, there’s been a steady spiraling in relations between Tokyo and Beijing. First, China’s punitive measures took place merely on the tourism, culture, and diplomatic fronts – also with some limited economic measures such as halting its exports of seafood from Japan.
New action was also unveiled at not more than a weekly pace, or even monthly – but now after it’s been several months with no retraction and formal apology by Takaichi (demanded by Beijing), the screws are tightening on a daily basis. After this week barring Japan from dual use items (anything with military-civilian application), China has begun depriving Japan of rare earth minerals and rare earth magnets – which could have immediate impact on Japanese companies involved in components for global chip makers, and also hitting the defense and auto sectors. It will be felt by Japanese companies involved in advanced electronics, aviation components, drones and nuclear-related tech.
This sends a resoundingly clear signal to the US as well, after Beijing already moved to cut off rare-earth exports to American companies last year – and Trump blinked first by backing off his trade war with China, and now Beijing is ready and willing to apply the same leverage to close US regional ally Japan.
Referencing Tuesday’s move to ban exports to Japan of dual-use goods, The Wall Street Journal is confirming Thursday:
Then, in the days since, China began restricting exports to Japanese companies of scarce and expensive “heavy” rare earths, as well as the powerful magnets containing them, according to two exporters in China.
Another person familiar with Chinese government decisions said the review of applications for export licenses to Japan has been halted. The licensing restrictions extend across Japanese industry, the people said, and don’t only target Japanese defense companies.
Japan is the world’s second-largest producer of rare-earth magnets after China, but is hugely dependent on Chinese raw materials for their manufacture. According to 2024 data, Japan relied on China for 63% of its rare earth imports.
For well over a decade Japan has struggled reduce its dependence on China, following significant supply disruptions related to clashing with China over contested islands – maritime and fishing disputes which are still ongoing. While at the time Beijing denied it was singling out Japan, this latest spiral in ties and punitive measures have been made much clearer. Beijing is now overt about these muscular trade measures as being due to Takaichi’s “erroneous” comments which constitutes a “crude interference in China’s internal affairs”.
What’s bad for Tokyo has been perhaps an immediate or short-term benefit for American companies, ironically enough, as WSJ observes:
Since then, some American companies say they have had an easier time getting licenses. Rare-earth magnet exports to Japan had also returned to normal levels even before the October deal between the U.S. and China, according to Chinese trade data.
If maintained, Chinese restrictions on rare earths could cause the equivalent of about $17 billion in economic losses over the course of the year, according to Nomura Research Institute.
The publication further cites rare-earths analyst David S. Abraham, who described that industrial disruptions in Japan would be felt across global supply chains. “That will filter down,” he assured.
h
Masaaki Kanai, secretary general of the Japanese Foreign Ministry’s Asian and Oceanian Affairs Bureau, has “strongly protested and demanded the withdrawal of these measures.” And Japan’s Chief Cabinet Secretary Minoru Kihara said, “A measure such as this, targeting only our country, differs significantly from international practice, is absolutely unacceptable and deeply regrettable” – among other condemnations out of Tokyo.
4 EUROPEAN/NATO AFFAIRS/SCANDINAVIA
UK MASS STABBING
UK Train Mass Stabbing: Authorities Insist No Indication Of Terrorism
Sunday, Nov 02, 2025 – 08:15 PM
Update (0755ET):
Police briefly invoked “Plato,” the code for a marauding terrorist attack, but later withdrew the designation after finding no evidence of terrorism, following a mass stabbing spree aboard a high-speed LNER train traveling from Doncaster to London, carried out by two suspects, one a Black British national and the other a British national of Caribbean descent, aged 32 and 25.
British Transport Police said eleven people were hospitalized, nine of whom initially suffered life-threatening injuries. As of early Sunday, four have been discharged, while two remain in critical condition.
“British Transport Police declared a major incident yesterday, and counter-terrorism policing were initially supporting our investigation. However, at this stage, there is nothing to suggest that this is a terrorist incident,” Superintendent John Loveless told reporters earlier.
Defence Secretary John Healey described the mass stabbing as an “isolated attack but warned about a “new era of threat.”
Earlier, transport secretary, Heidi Alexander, told reporters that passengers would see “a high visibility presence” of police on trains and train stations “to reassure the public.” This was a similar message to the British Transport Police’s comments.
King Charles commented on the attack:
My wife and I were truly appalled and shocked to hear of the dreadful knife attack that took place on board a train in Cambridgeshire last night. Our deepest sympathy and thoughts are with all those affected, and their loved ones. We are particularly grateful to the emergency services for their response to this awful incident.
Viewing Britain from afar, just across the Atlantic, is depressing. The rapid decline of a nation spiraling into a progressive hellhole and multicultural dystopia offers lessons for America and the America First movement.
Given that authorities downgraded the Plato designation, does this mean the two attackers just randomly started knifing train passengers at the same time? Is this now the kind of “basic” attack being normalized, or were these attackers simply “blowing off some steam”?
END
FRANCE/SPAIN
Bus Drivers Arrested For Earning Up To €50k-A-Year Cash Transporting Illegals Between France And Spain
Thursday, Jan 08, 2026 – 05:00 AM
Authored by Thomas Brooke via Remix News,
Spanish police have arrested 15 international bus drivers in Barcelona, accused of transporting illegal migrants between France and Spain in exchange for cash, exploiting their access to regular cross-border routes, according to reports by El País.
The Spanish National Police said the drivers used their positions on international services, particularly the Paris–Barcelona route, to bring “undocumented or visa-less foreigners into the country in exchange for money,” describing the scheme as “a new type of illicit human trafficking in the international land transport sector,” as reported by Le Parisien.
Migrants paid between €20 and €400 to travel without identity documents, without a valid ticket, or using tickets issued in someone else’s name, and bus drivers received payment to turn a blind eye.
According to the police statement, the drivers coordinated with intermediaries operating in bus stations and outside transport companies, who arranged payments and ensured migrants were allowed to board vehicles. Those arrested are being prosecuted on charges of aiding and abetting illegal immigration.
The investigation began in March 2025 and uncovered a network involving not only drivers but also auxiliary staff linked to private transport companies. Police said those involved “took advantage of their access to European routes” to facilitate the irregular movement of migrants between Spain and France, earning some drivers as much as €50,000 per year.
Investigators also identified recruiters operating outside transport companies who negotiated payments with drivers and helped migrants board buses using false, manipulated, or no documents at all.
The operation was carried out in cooperation with French authorities, with police checks conducted in La Jonquera, Irún, Madrid, Barcelona, and Murcia.
The dispersal across Europe of migrants residing in Catalonia will be cause for concern to many, in light of recent reports detailing no-go zones for police officers in the region.
In September last year, Torelló, a town in the Osona region of Catalonia, faced growing insecurity after a leaked recording revealed local police officers acknowledging they are unable to control violent migrant groups gathering in certain areas, and have been laughed at and forced to retreat from dispatch calls.
The audio, verified by authorities and reported by ElCaso.cat, captured an officer telling a resident that police cannot act against migrant rioters due to insufficient resources.
“They are laughing at us,” the officer said in the call. “They are throwing us out. If we don’t want to get hurt, we too [must leave],” he added, describing how officers had to withdraw after being met with hostility.
While net migration to Spain and its islands was down last year, according to Frontex, huge numbers have already crossed and are now contributing to integration concerns. Despite numbers being down, Spain’s socialist government remains committed to importing newcomers.
In September, it began the gradual transfer of more than 600 Moroccan minors from the North African enclave of Ceuta to different regions on the mainland.
The decision has reignited debate in Madrid over how to manage unaccompanied minors entering the country, as new figures revealed just 41 of the nearly 30,000 minor arrivals since 2018 have been repatriated.
With an increase in internal illegal migration routes within the European Union itself, keeping tabs on new arrivals will become increasingly more problematic.
END
GERMANY
Germany’s Deindustrialization: Capital Flight, Green Policy, And The Point Of No Return
Thursday, Jan 08, 2026 – 02:00 AM
Submitted by Thomas Kolbe
The German Chamber of Industry and Commerce (DIHK) sees the German economy in a prolonged phase of deindustrialization. Together with the Federation of German Industries (BDI), the chamber reiterates calls for far-reaching reforms to boost growth and investment. Yet both associations still shy away from touching the golden calf of the green transformation.
Germany’s economic crisis continues into the new year without interruption. A survey conducted by the DIHK among 23,000 member companies found that only one in six firms expects an economic upswing in 2026.
Twenty-five percent of companies are planning further job cuts, and only one third intend to make growth investments. For DIHK President Helena Melnikov, the situation is dramatic. If policymakers fail to act decisively, Germany faces a further massive loss of value creation and jobs, Melnikov warns. As before, the DIHK locates the core of the economic decline in German industry. According to chamber calculations, the sector has shed around 400,000 jobs since 2019.
This weighs particularly heavily because these positions are typically well-paid and highly skilled. Their value creation reverberates throughout Germany’s economic structure—among industry-related services, regional trade, and ultimately public finances.
As a result, municipal treasurers in industrial crisis hubs are increasingly confronted with insoluble challenges amid growing budget deficits. In cities such as Stuttgart, Erlangen, Wolfsburg, and elsewhere, business tax revenues are now visibly shrinking.
Reality Denied
Existing reforms are failing to reach companies, Melnikov warns, pointing to high labor and energy costs. The BDI likewise called 2026 a “year of reforms” in comments to Reuters.
All of this is correct. And yet the question remains why leading figures of German business still lack the courage to openly criticize government policy and finally bury the visibly failed project of greening German society.
We are witnessing a monumental failure of the economic elite—if it can even still be called that. The deindustrialization diagnosed by Melnikov is simply denied by large parts of the mainstream press as well as by policymakers. And yet the numbers speak clearly.
It is not yet fully clear how large capital outflows were last year. In 2024, net direct investment outflows amounted to €64.5 billion; in 2023 they exceeded €100 billion. Previous years were likewise marked by sustained capital flight.
Those who can are heading for the exits—fleeing green regulatory policy, high fiscal burdens, and the economic devastation inflicted on companies by Germany’s energy transition.
Calls for sweeping reductions in bureaucracy also naturally feature on the list of location weaknesses. A perennial political evergreen—and a hollow demand in light of the massively increased pace of state intervention. The state will have to create tens of thousands of new public-sector jobs, at its development banks such as KfW and the state banks, in order to weave the flood of cheap credit into the arteries of the economy.
On massive state intervention, business prefers to remain silent. Companies take what they can get. There is no talk of criticizing market distortions or the systematic crowding-out of the private sector from capital markets by the state.
For the current year, the DIHK expects officially reported GDP growth of 0.7 percent. However, this figure includes net new public borrowing—including special funds—of around 5.5 percent, with a state share exceeding 50 percent of GDP. The private sector, by contrast, is likely to shrink by roughly four percent.
Political room for maneuver is narrowing. Flight to the capital markets appears to be the last remaining way to buy time and maintain the illusion of social and economic stability through ever new subsidy programs.
Location Patriotism Meets Reality
And before the first patriotic crocodile tears are shed: every plant manager, CEO, capital-rich fund, individual investor, and family office will have carefully weighed its judgment on the destructive political framework conditions in Germany and the EU—and will not turn away from the location without reason.
Insisting on location patriotism, after decades of deliberate erosion of patriotic sentiment, German traditions, and culture by the political apparatus and its associated media empire, is at best infantilizing—more bluntly put: cynical.
Federal Chancellor Friedrich Merz and his finance minister Lars Klingbeil, for their part, have not hesitated in the past to play the patriotism card more or less openly when it came to the accelerating departure of German companies.
In October, Klingbeil, in a display of helplessness, publicly called on business at the IGBC trade union congress in Hanover to commit to the location and safeguard jobs.
A cheap media stunt, as Klingbeil is fully aware that energy-intensive production can no longer be defended at the German location, and that the policy of green transformation deliberately and systematically pushes industrial production abroad—or increasingly into insolvency.
The narrative of a lack of loyalty to the location is now firmly established. It shows that politics has already identified its scapegoats—entrepreneurs and investors who are to be publicly blamed for the country’s economic decline. They are henceforth portrayed as irresponsible profiteers abandoning employees, society, and the community in the pursuit of supposed profit maximization.
The depth of the ongoing recession and the now unmistakable deindustrialization of the country make it increasingly likely, week by week, that a point of no return—an economic tipping point—has already been crossed.
German society is therefore left with essentially two options. Either it falls for the rhetorical tricks of the central planners around Friedrich Merz and Lars Klingbeil, accepts further nationalization and the construction of centrally planned artificial economies such as a war economy or a leaden eco-industry. Or it eventually broadens its horizon, returns to the principles of the free market economy, and accepts the social pain that any genuine transformation for the better must necessarily entail at the outset.
* * *
About the author: Thomas Kolbe, born in 1978 in Neuss/ Germany, is a graduate economist. For over 25 years, he has worked as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
tbn israel last 24 hrs…
ISRAEL VS HAMAS
IRAN
Iranians ‘have fallen in love with Netanyahu,’ Tehran resident tells KAN – report
An Iranian protester told KAN Reshet Bet that many Iranians admire Netanyahu and Israeli strikes, while blaming economic collapse, repression, and inflation for the unrest.
An illustration of Prime Minister Benjamin Netanyahu in front of a backdrop of Iranian flags flying amid fire from an Israeli strike on Sharan Oil depot, Tehran.(photo credit: MAJID ASGARIPOUR/WANA/REUTERS, YONATAN SINDEL/FLASH90)ByJAMES GENNJANUARY 7, 2026 17:45Updated: JANUARY 7, 2026 18:35
Prime Minister Benjamin Netanyahu is currently the most popular person in Iran, a Tehran resident told KAN Reshet Bet on Wednesday.
“People have fallen in love with him. People do not trust America or [US President Donald] Trump, but they very much believe in and love Israelis,” the Iranian, who was referred to by a pseudonym, said.
They also told KAN that Iranians were “impressed” by Israeli strikes on Iran in June, as part of Operation Rising Lion, as the air force “focused only on regime infrastructure and did not harm civilians.”
However, Iranians are “mainly afraid” of American military intervention after seeing situations where Americans operated, including Afghanistan and Iraq. “Everywhere they went, they brought only destruction,” he said.
The Iranian is an opponent of the Islamic Republic regime and has participated in demonstrations over the past 11 days. He is not Jewish, but recalled Hebrew words he had learned in Jewish community classes he had previously attended.
Tehran anti-regime protester: Authorities tear gassing activists is scaring them away from protests
The activist talked about the regime’s violent repression measures against protesters. “They arrest many, who testify that they were sexually assaulted in prison. The [regime] forces use a lot of tear gas against demonstrators,” he noted.
“I was affected by tear gas. I could not see or breathe properly for hours. Using tear gas has caused many people to stay away from the protests,” he claimed.
One of the main reasons for the current protests in Iran is the severe economic crisis.
“We have no water. We have no electricity. We are one of the richest countries in the world, but our people are the poorest,” he stated.
“The Iranian people ask the regime leadership why they divide the wealth among themselves, and help Hamas, Hezbollah, the Popular Mobilization Forces in Iraq, the Houthis, and Afghanistan, but when it comes to their own people, they say ‘no, you can wait, you need to pay taxes,'” he said.
“There is very severe inflation. They lie and say inflation is at 30%, but it reaches 200% a year, and the regime is hiding this from the people,” he accused.
“We are not allowed to celebrate and dance. We are a country of 90 million people who are all prisoners,” he concluded.
END
Iran shuts down internet nationwide as Pahlavi warns regime Trump is ‘watching closely’
Iran’s Crown Prince Reza Pahlavi urged demonstrators to maintain their presence in the streets, warning the regime may attempt to cut Internet access to stifle unrest.
Iranians seen protesting in the streets of Tehran on January 8, 2026.(photo credit: SOCIAL MEDIA/VIA SECTION 27A OF THE COPYRIGHT ACT)ByALEX WINSTON, JERUSALEM POST STAFFJANUARY 8, 2026 09:58Updated: JANUARY 8, 2026 21:32
Tehran and several other parts of Iran experienced a digital blackout on Thursday as internet connectivity dropped across multiple service providers, internet monitoring group NetBlocks said, during nationwide protests against economic hardships.
Two Iranian regime officers were killed during protests in the western Iranian city of Kermanshah, the Hengaw Organization for Human Rights reported, citing Iranian state media.
Earlier on Thursday, Iran’s Crown Prince Reza Pahlavi issued a warning to the Islamic regime, stating that “the world and [US President Donald Trump] are closely watching you.
During an interview on the Hugh Hewitt show, Trump said that if the Iranian regime forces “start killing people,” the US will “hit them really hard.”
When asked what point the US would intervene, given that over 30 protestors have been killed so far, Trump claimed that many protestors have been “killed by problems with crowd control” and that he “isn’t sure [he] can necessarily hold somebody responsible for that.”
Crowds of protestors fill the streets across Iran
Videos shared on social media showed crowds of protesters gathering in cities across Iran, chanting anti-regime slogans.
One such video, shared by an opposition-affiliated outlet, IranWire, showed a large crowd walking down Kashani Boulevard in Tehran.
Thousands of protestors filled the streets of Tehran, Shiraz, Kermanshah, Tabriz, and numerous other cities, with crowds walking between cars stopped on the road.
On Wednesday, Pahlavi reiterated his call for nationwide protests across Iran, urging demonstrators to maintain their presence in the streets and warning that the regime may attempt to cut Internet access to stifle unrest.
In a message posted on social media, Pahlavi said that public participation across Iran earlier in the day had been “unprecedented,” describing it as a signal of readiness for the next phase of protests planned for Thursday evening.
“My fellow countrymen, today, Wednesday, January 7, your presence across Iran was unprecedented,” Pahlavi wrote. “And this constitutes a declaration of readiness for tomorrow’s plan.”
The prince referred to his earlier call for coordinated chanting and demonstrations at 8 p.m. on Thursday, January 8, with additional protests planned for 24 hours later, adding that reports indicated the Islamic Republic was “deeply frightened” and considering another nationwide Internet shutdown.
“Know that our communication will not be severed,” Pahlavi said, pointing to alternative channels including satellite internet access and Iran-based Persian-language television networks operating from abroad.
Regime shutting Internet signal start of harsher crackdowns
Pahlavi warned that any attempt by the regime to cut off Internet access would only further energize the protest movement.
“If the regime commits such a mistake and cuts the Internet, that itself will be another call to continue your presence and to take over the streets,” he wrote. “In this way, you will drive yet another nail into the coffin of this regime.”
Internet shutdowns by the regime often signal the beginning of harsher crackdowns in Iranian protests. The Islamic Republic previously imposed near-total Internet shutdowns during periods of unrest, including during the November 2019 protests and the 2022 demonstrations following the death of Mahsa Amini.
Pahlavi concluded his message with a note of confidence in the protest movement’s momentum, declaring: “You will be victorious. Long live Iran.”
The statement followed Pahlavi’s first direct call on Wednesday for coordinated protests, in which he urged Iranians to gather in large, disciplined numbers and appealed to members of Iran’s security forces to refrain from firing on demonstrators and instead “return to the embrace of the nation.”
At least 36 people have been killed since the protests began on December 28, including two members of the security forces, with demonstrations in scores of cities nationwide. More than 2,000 people have been arrested, according to reports.
Iranian President Masoud Pezeshkian warned domestic suppliers against hoarding or overpricing goods, state media reported earlier on Thursday.
“People should not feel any shortage in terms of goods’ supply and distribution,” he said, calling upon his government to ensure an adequate supply of goods and the monitoring of prices across the country.
END
RUSSIA VS UKRAINE
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUE
GLOBAL ISSUES
MARK CRISPIN MILLER
Sen. John Kyl has dementia; IL state Sen. Don Dewitte has prostate cancer; Detroit sports writer Pat Caputo has Stage 4 pancreatic cancer; UK: TV doctor Pushan Kirshan has breast cancer
US: Jeremiah Raber (“Breaking Amish”) airlifted to hospital with liver failure; PA: actor Agha Shiraz, 38, has heart attack; SK: actor Ahn Sung-ki has cardiac arrest; more
| Mark Crispin MillerJan 9 |
A survey of the likely global toll of COVID “vaccination,” based on the reports collected by our worldwide team of researchers this past week.
To help support our work, consider subscribing or making a donation.
UNITED STATES
Former Arizona Senator Who Filled in After John McCain’s Death Reveals He Has Dementia and Withdraws from Public Life
January 1, 2026
Former Sen. Jon Kyl of Arizona, who spent nearly three decades in Congress, has announced that he is stepping away from public life after being diagnosed with dementia. Kyl, 83, a Republican who served in both the U.S. House of Representatives and the U.S. Senate, shared the news in a statement released Tuesday, Dec. 30, to the Associated Press, NBC News, and The New York Times.
News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
State Sen. DeWitte announces prostate cancer diagnosis
January 5, 2026
Springfield, IL – State Sen. Don DeWitte [71] announced Monday that he is being treated for prostate cancer but expects to be back at work in the state Capitol next month. DeWitte, a St. Charles Republican who represents the 33rd Senate District, said he had surgery Dec. 23 and is recuperating out of state with relatives. He expects to be back in Springfield in mid-February, he said. His offices in West Dundee and St. Charles remain open in his absence. DeWitte said an annual blood test in September showed an increase in prostate-specific antigen. That was followed by an MRI and a biopsy, which showed mostly nonaggressive cells, he said.
Reality TV Star Airlifted to Hospital With Possible Organ Failure
January 4, 2026
A reality TV star who appeared on Return to Amish and Breaking Amish was airlifted to the hospital with possible liver failure. On Tuesday, Jeremiah Raber posted a photo of himself in a hospital bed on TikTok, announcing that his blood sugar levels were at 993 and that he was “waiting to be life flighted to another hospital” with possible liver failure. According to Yale New Haven Health, normal blood sugar levels are around 99 mg/dL or lower after a fasting blood test, and anything above 100 mg/dL is considered “abnormal” in a fasting state. In a subsequent Tuesday video, Raber filmed himself being airlifted to a different hospital and gave a later update about his condition on Saturday. “Huge thank you to all the people who have been praying for me,” the reality TV star wrote, adding that he’s doing “good” and “will be out tomorrow.” Raber previously opened up about struggling with diabetic ketoacidosis in April 2024, according to In Touch, which the American Diabetes Association says can be “life-threatening.”
Detroit sports columnist and radio personality reveals late-stage cancer diagnosis
January 5, 2026
Well-known Detroit radio personalilty and sports writer Pat Caputo revealed his recent absense from the public is the result of being diagnosted with Stage 4 pancreatic cancer. Caputo announced his health situation on his social media platforms on Monday morning. “For those wondering where I’ve been: I have been diagnosed with Stage 4 pancreatic cancer, commonly referred to as a ‘death sentence’ and had two other serious ailments which put me in ICU for several days,” Caputo wrote. “It was sudden. I’ve literally been on my back for weeks. Bless you all.” Caputo, 66, did not reveal any further details about his condition.
BRAZIL
Former Brazilian soccer player Roberto Carlos leaves hospital after heart surgery
January 2, 2026
Roberto Carlos has been discharged after the heart operation he underwent. “I thank the entire medical team for their attention, care and treatment during this period,” wrote the Real Madrid and Brazil legend on social media, along with a photo posing with the doctors who treated him before leaving the hospital. Roberto Carlos underwent surgery at a hospital in Sao Paulo, Brazil, on December 30, after medical tests revealed a heart problem. “I underwent a preventive medical procedure, previously planned with my medical team. The procedure was successful and I am fine. I did not have a heart attack. I am confident in myself, recovering well and looking forward to getting back to full fitness and resuming my professional and personal commitments soon,” the former footballer said after the operation.
No age reported.
UNITED KINGDOM
TV doctor Punam Krishan reveals breast cancer diagnosis
January 5, 2026
TV doctor and former Strictly Come Dancing contestant Punam Krishan has revealed she has had treatment after being diagnosed with breast cancer. The Glasgow-born GP, 42, who is a resident doctor on the BBC’s Morning Live and appeared on Strictly in 2024, said she was diagnosed five months ago. She has now completed her treatment and is “healing”, but is “still shaken”, she wrote on Instagram alongside a photo of herself in a hospital bed.
PAKISTAN
Pakistani actor Agha Shiraz hospitalized after heart attack, condition stable
January 5, 2026
Renowned Pakistani showbiz actor Agha Shiraz [38] was rushed to the hospital after suffering a heart attack; however, his condition is now reported to be out of danger. Following the news of the actor’s health condition, a wave of concern spread across the entertainment industry and among his fans.
SOUTH KOREA
Ahn Sung-ki Critical After Cardiac Arrest
January 2, 2026
Concerns for actor Ahn Sung-ki’s health have continued for the fourth day. Although he celebrated his birthday on the 1st, the entertainment industry and the public have quietly been wishing for his recovery rather than celebration. Ahn was found collapsed at his home on the afternoon of the 30th of last month while choking on food. Discovered in cardiac arrest, he immediately received cardiopulmonary resuscitation (CPR) and was transported to a nearby hospital emergency room. He has since been receiving treatment in the intensive care unit. Two days after the news broke, concerns about his condition have not subsided. Ahn was diagnosed with blood cancer in 2019 and endured a long treatment period. Though he once received a remission diagnosis, the disease later relapsed. Despite this, he never gave up on his acting career. He continued to appear in major films such as *The Lion*, *In the Name of the Son*, *Cassiopeia*, *Hansan: Rising Dragon*, and *Noryang: Sea of Death*, steadfastly maintaining his presence in the industry.
No age reported.
AUSTRALIA
Former Australian cricketer Damien Martyn in induced coma
December 31, 2025
Brisbane, Queensland – Australia’s cricket community is rallying around Damien Martyn after the cricket great was hospitalised suddenly in Brisbane.The 54-year-old former right-hand batter has fallen ill in recent days, with Nine Newspapers reporting he is in an induced coma amid a bout of meningitis. Speaking on 6PR radio, former test bowler Rodney Hogg called Martyn’s hospitalisation “shocking news”.
If you like “News from Underground” (or hate it, but get something out of it), please read this post.
DR PAUL ALEXANDER
Fat vaccines/jabs, be warned! RFK Jr. was correct! I have warned prior about the dangers of OZEMPIC, Wegovy, Mounjaro, GLP-1s etc. as to weight loss, being abused & research shows DANGER!
Besides serious GI damage etc., now Oxford research shows massive rebound weight gain! “Take fat jabs for life, experts rule – as pivotal study reveals users coming off the drugs pile the pounds back
| Dr. Paul AlexanderJan 8 |
on in under two years”…
‘Millions of Britons taking weight-loss jabs may need to stay on them for life, experts have warned.
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.
A landmark study found most users regain the weight inside two years of stopping treatment, much faster than traditional dieters.
The injections, including now-household names such as Mounjaro and Wegovy, have been hailed as a breakthrough in obesity treatment.’
‘But a major Oxford review suggests the benefits may be short-lived once treatment ends.
In the first analysis of its kind, examining 37 studies involving more than 9,300 people, researchers found that when the jabs are stopped, weight returns rapidly – regardless of how much was lost.
On average, users gained around a pound a month after quitting, with many projected to have regained much of or all the weight lost by between 17 and 20 months.’
RFK Jr. Bobby Jr. gets a hat tip from me for he early on raged against these GLP-1 agonists and pushed for exercise and proper diet…he is and was right, huge praise Bobby Jr.! He knew of the dangers and worthlessness of this, a money grab!
See my prior substacks:
NEWSWIZE
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/USA
Senate Advances Resolution Preventing Trump From Further Military Force In Venezuela Without Approval
Thursday, Jan 08, 2026 – 12:25 PM
The Senate issued a harsh rebuke of President Trump’s actions in Venezuela, voting 52-47 on a bipartisan measure to block him from using military force “within or against Venezuela” unless he obtains Congressional approval first.
The war powers measure came after an unsuccessful attempt by Republican leaders to kill the resolution and preserve Trump’s authority amid the president’s threats of a “second wave” of attacks. Trump has said the US would “run” the country on a temporary basis following last week’s military operation to capture and extradite leader Nicolás Maduro.
The legislation – which was introduced by Sen. Tim Kaine (D-VA), was cosponsored by Sens. Rand Paul (R-KY), Adam Schiff (R-CA) and Senate Minority Leader Chuck Schumer (D-NY).
Five Republicans joined all 47 Democrats in voting ‘yes’ on the motion to advance the resolution to the Senate floor; Paul, Susan Collins, Lisa Murkowski, Todd Young and Josh Hawley.
“Instead of responding to Americans’ concerns about the affordability crisis, President Trump started a war with Venezuela that is profoundly disrespectful to U.S. troops, deeply unpopular, suspiciously secretive and likely corrupt. How is that ‘America First?‘” said Kaine. “Trump’s war is also clearly illegal because this military action was ordered without the congressional authorization the Constitution requires.”
The procedural motion means that there will be a full Senate vote on the measure next week, which will require only a simple majority and is expected to pass. It will then require House approval and Trump’s signature, making it unlikely to become law as Trump would undoubtedly veto – but it still sends a symbolic message (and possible groundwork to impeach?) that could impact Trump’s foreign policy going forward.
“To my Senate colleagues: enough is enough,” said Kaine. “You were sent here to have courage and to stand up for your constituents. That means no war without a debate and vote in Congress.”
According to Paul, some members of Congress want to “shift the burden of war to the president” instead of taking responsibility.
“But make no mistake, bombing another nation’s capital and removing their leader is an act of war, plain and simple,” said Paul. “No provision in the Constitution provides such power to the presidency.”
The rebuke comes as Trump has suggested he’s open to boots on the ground in Venezuela, while also threatening action against Iran, Greenland and Colombia on Sunday – adding that Cuba “is ready to fall.”
Sen. Collins said in response to the measure: “I believe invoking the War Powers Act at this moment is necessary, given the President’s comments about the possibility of ‘boots on the ground’ and a sustained engagement ‘running’ Venezuela, with which I do not agree,” while Murkowski said Congress must “affirm our role under Article 1.”
In advance of the vote, Sen. Majority Whip John Barrasso (R-WY) urged Senators to reject the war powers measure, calling Maduro’s capture a law enforcement operation.
“It does not make America stronger. It makes America weaker and less safe,” he said in a written statement. “It would weaken the President’s legitimate, constitutional authority. This body, the United States Senate, is being asked whether the President of the United States has the authority to arrest indicted criminals. Of course he does.”
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS THURSDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1665 DOWN 0.0013PTS OR 1 3BASIS POINTS/WITH STOCKS IN EUROPE ALL RED
USA/ YEN 156.45 DOWN 0.330NOW 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 1.3420 UP 0.0032 OR 32 BASIS PTS
USA/CAN DOLLAR: 1.37650 DOWN 0.0004 CDN DOLLAR UP 4 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED DOWN 309.64 pts or 1.17%
Hang Seng CLOSED DOWN309. 64 PTS OR 1.17%
AUSTRALIA CLOSED UP 0.18%
// EUROPEAN BOURSE: ALL MIXED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MIXED
2/ CHINESE BOURSES / :Hang SENG CLOSED D0WN 309.64PTS OR 1.17%
/SHANGHAI CLOSED DOWN 2.79 pts or 0.07
AUSTRALIA BOURSE CLOSED UP 0.18%
(Nikkei (Japan) CLOSED DOWN 844.72pts 1.63%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 4428,00
silver:$74.30
USA DOLLAR VS TRY: 43.05
USA DOLLAR VS RUSSIAN ROUBLE: 80.11 ROUBLE// UP 80 BASIS PTS
UK 10 YR BOND YIELD: 4.425 UP 1 BASIS PTS
UK 30: XXXXXTS
CDN 10 YR BOND YIELD: 3.427 UP 2 BASIS PTS
CDN 5 YR BOND YIELD; 2.949 UP 1BASIS PTS
USA dollar index early THURSDAY morning: 98.165UP 23 BASIS POINTS FROM WEDNESDAY’s CLOSE
THURSDAY MORNING NUMBERS ENDS
And now your closing THURSDAY NUMBERS 11: 30 AM
Portuguese 10 year bond yield: 3.155% UP 3 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.083% DOWN 3 FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.475 DOWN 2 BASIS PTS//DEADLY
SPANISH 10 YR BOND YIELD: 3.266 UPB1 in basis points yield
ITALIAN 10 YR BOND YIELD 3.463DOWN 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.8281DOWN 3BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY THURSDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1652DOWN 0.0024 OR 24 basis points
USA/Japan: 156.97 UP 0.365OR YEN IS DOWN 36 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 4.4020DOWN 1 BASIS POINTS //
GREAT BRITAIN 30 YR BOND;5.150 UP 1BASIS POINTS.
Canadian dollar UP 20 BASIS pts to 1.3784
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY UP AT 6.9836 ON SHORE ..
THE USA/YUAN OFFSHORE// CNH DOWN TO 6.9797
TURKISH LIRA: 43.05 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +2.074 DOWN 3 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 WEDNESDAY at 4.188% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.858 UP 2 basis points /11:00 AM
USA 2 YR BOND YIELD: 3.4690 UP 2BASIS PTS.
GOLD AT 10;00 AM XXXX
SILVER AT 10;00: XXXX
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates:WEDNESDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 3.52 PTS OR 0.04%
GERMAN DAX: CLOSED UP 5.20 OR 0.02%
FRANCE: CLOSED UP 9.05 PTS OR 0.12%
Spain IBEX CLOSED UP 58.30 PTS OR 0.33%
Italian MIB: CLOSED UP 113.02 PTS OR 0.25%
WTI Oil price 56,53 10.00 EST/
Brent Oil: 60.3210:00 EST
USA /RUSSIAN ROUBLE /// AT: XXXXROUBLE UP 0 AND XXX/ 100
CDN 10 YEAR RATE: 3.409 UP 1XBASIS PTS.
CDN 5 YEAR RATE: 2943UP 1BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.16754DOWN 0.0004 OR 4BASIS POINTS//
British Pound: 1.3431DOWN 0.0004 OR 4 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.399 DOWN 2 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.1504DOWN 1 IN BASIS PTS.
JAPAN 10 YR YIELD: 2.10 3 UP 2 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.383 DOWN 10 PTS AND STILL VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 157.28 UP 0.411OR YEN UP 41BASIS PTS EXTREMELY DANGEROUS/YEN FALLING DEEPLY IN VALUE
USA dollar vs Canadian dollar: 1.3869 UP 0.0005 PTS// CDN DOLLAR DOWN 5 BASIS PTS
West Texas intermediate oil: 58.09
Brent OIL: 62.33
USA 10 yr bond yield DOWN 1 BASIS pts to 4.176
USA 30 yr bond yield DOWN 1 PTS to 4.846%
USA 2 YR BOND 3.494 UP 1 PTS
CDN 10 YR RATE 3.402 UP 1 BASIS PTS
CDN 5 YEAR RATE: 2.939 UP 1 BASIS PTS
USA dollar index: 98.70 UP 3 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 43.15 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 80,.11 DOWN 0 AND 35/100 roubles //
GOLD $4,465.50(3:30 PM)
SILVER: 76.55 3;30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 276.03 OR 1.59%
NASDAQ 100 DOW 104.28PTS OR 0.40%1
VOLATILITY INDEX 15.45 UP 0.07 PTS OR 0.46%
GLD: $ 411.49 UP 2.66PTS OR 0.55%
SLV/ $69.71DOWN 1.25PTS OR OR 1.73%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 243.15 PTS OR 0.75%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
WRAP UP
USA DATA RELEASES
Initial Jobless Claims Continue To Show No Signs Of Labor Market Stress
Thursday, Jan 08, 2026 – 08:36 AM
Following a decline in job cuts in December (according to Challenger Grey)…
…the number of people applying for jobless benefits for the first time ticked up very modestly from a lower revised number… but remains at very muted levels…
Source: Bloomberg
Continuing jobless claims continued to rebound from the Thanksgiving/Shutdown decline, crossing back above the 1.9 million Maginot Line…
Source: Bloomberg
Nothing here to shift The Fed one way or the other…
USA ECONOMIC COMMENTARIES
VICTOR DAVIS HANSON
KING NEWS
| he King Report January 8, 2026 Issue 7655 | Independent View of the News |
| China tells tech companies to halt Nvidia H200 chip orders – The Information. https://www.theinformation.com/articles/china-tells-tech-companies-halt-nvidia-h200-chip-orders China’s Forex Reserves Rise Again as Dollar Sinks, Gold Holdings Climb Reserves rose by $11.5 billion, or 0.34%, from November, closing the year at $3.358 trillion. The agency attributed the increase to… currency translation effects and changes in global asset prices… China’s current gold accumulation cycle began in November 2024. Over 14 months, the central bank has added 1.36 million ounces to its reserves… https://www.caixinglobal.com/2026-01-08/chinas-forex-reserves-rise-again-as-dollar-sinks-gold-holdings-climb-102401509.html JOLTS data show US job openings fell to 7.146m in November from 7.449m in October, which was from 7.670m. 7.648m was expected. The number of hires were 5.115m in November, down from 5.368M in October (revised from 5.149m). This pushed the hiring rate down to 3.2% from 3.4% in October. The total number of separations (quits, layoffs, and discharges) was unchanged at 5.1m. The Quits Rate was 2.0% in November vs. 1.9% in October (revised from 1.8%). The layoffs rate was 1.1% vs. 1.2%. BLS: Job Openings – The number of job openings was little changed at 7.1 million in November but was down by 885,000 over the year. The job openings rate, at 4.3 percent, changed little over the month. The number of job openings decreased in accommodation and food services (-148,000); transportation, warehousing, and utilities (-108,000); and wholesale trade (-63,000). Job openings increased in construction (+90,000) … October 2025 Revisions – The number of job openings for October was revised down by 221,000 to 7.4 million, the number of hires was revised up by 219,000 to 5.4 million, and the number of total separations was revised up by 19,000 to 5.1 million. Within separations, the number of quits was revised up by 32,000 to 3.0 million, the number of layoffs and discharges was revised down by 4,000 to 1.9 million, and the number of other separations was revised down by 9,000 to 246,000. https://www.bls.gov/news.release/pdf/jolts.pdf BBG’s @boes_: Today’s BLS Job Openings and Labor Turnover Survey data show the worst five-month stretch for private-sector hiring in the second half of 2025 since the aftermath of the 2008 financial crisis The ADP Employment Change for December is 41k; 50k was consensus. Professional & biz services -29k, Info -12k, Education & health services +39k, Leisure & Hospitality +24k The West (mostly CA?) lost 61k jobs! The South +54k, The Midwest +9k, The NE +40k https://adpemploymentreport.com/ Fangs soared on Wednesday abetted by seasonal upward bias (The January Effect) and CES hype. ESHs vacillated between tiny gains and losses, in a tight 5-handle range, from their 18:00 ET opening until they broke lower after 23:00 ET. After falling to a daily low of 6975.25 (-12.50) at 5:29 ET, ESHs commenced a rally that took ESHs to a daily high of 6998.25 (+10.50) at 9:48 ET. The pro dump appeared early. ESHs then sank after the JOLTS Report release tat 10:00 ET. After hitting 6976.25 at 10:37 ET, traders aggressively bought ESHs for the 2nd-Hour Reversal. ESHs jumped to a daily high of 7006.75 at 12:08 ET via an irregular but steep A-B-C rally. After a slow rollover, ESHs sank. Trump was a big part of the decline. Trump Pushes to Ban Institutional investors from Buying Homes – BBG 12:49 ET Shares of Blackstone, Inc. fell by as much as 9.3% on Trump’s housing comment… (Exactly what we have advocated for years! Finally, DJT acts!) @realDonaldTrump: For a very long time, buying and owning a home was considered the pinnacle of the American Dream… but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people… It is for that reason… that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks. https://truthsocial.com/@realDonaldTrump/posts/115855059527504524 Big banks declined sharply on Wednesday and were soft from the opening. Someone keeps acting on Trump’s actions and words BEFORE they become public! If Dems were smart, they would check! If Congress acts to codify a ban on institutional home buying, will the law force instructions to sell houses? And if so, will there be a limit on homes held and a specified period to disgorge the homes? Street stooges aver PE/HF only bought 1% of home last year. This is meaningless. ‘They’ have been buying homes for almost two decades. How many homes do they own in the aggreage? ESHs sank to a daily low of 6959.00 at 16:11 ET. Resurrected ‘Populist DJT’ was a factor. @realDonaldTrump: All United State Defense Contractors, and the Defense Industry as a whole, BEWARE: While we make the best Military Equipment in the World (No other Country is even close!), Defense Contractors are currently issuing massive Dividends to their Shareholders and massive Stock Buybacks, at the expense and detriment of investing in Plants and Equipment. This situation will no longer be allowed or tolerated! Also, Executive Pay Packages in the Defense Industry are exorbitant and unjustifiable given how slowly these Companies are delivering vital Equipment to our Military, and our Allies. Salaries, Stock Options, and every other form of Compensation are far too high for these Executives. Defense Companies are not producing our Great Military Equipment rapidly enough and, once produced, not maintaining it properly or quickly. From this moment forward, these Executives must build NEW and MODERN Production Plants, both for delivering and maintaining this important Equipment, and for building the latest Models of future Military Equipment. Until they do so, no Executive should be allowed to make in excess of $5 Million Dollars which, as high as it sounds, is a mere fraction of what they are making now. Additionally, the maintenance and repair of Equipment, once sold, is far too slow, and must be immediately enhanced…. I am demanding that maintenance be “spot on, on time.” Therefore, I will not permit Dividends or Stock Buybacks for Defense Companies until such time as these problems are rectified — Likewise, for Salaries and Executive Compensation. MILITARY EQUIPMENT IS NOT BEING MADE FAST ENOUGH!…. https://truthsocial.com/@realDonaldTrump/posts/115855387946005468 Trump: “I have been informed by the Department of War that Defense Contractor, Raytheon, has been the least responsive to the needs of the Department of War, the slowest in increasing their volume, and the most aggressive spending on their Shareholders rather than the needs and demands of the United States Military. Raytheon seems to think this is the Biden Administration, and this is “business as usual,” IT’S NOT! Either Raytheon steps up, and starts investing in more upfront Investment like Plants and Equipment, or they will no longer be doing business with Department of War… if Raytheon wants further business with the United States Government, under no circumstances will they be allowed to do any additional Stock Buybacks, where they have spent Tens of Billions of Dollars, until they are able to get their act together. Our Country comes FIRST, and they’re going to have to learn that the hard way!” @sentdefender: Donald J. Trump announces that he intends to raise the U.S. National Defense Budget in 2027 to $1.5 Trillion, claiming that it will allow us to build a “Dream Military.” https://x.com/sentdefender/status/2009013611184934970 Trump’s absurd Defense Budget request is intended to disturb Russia, China, Cuba, and Iran. Global Bonds Sales Hit Record $230 Billion to Kick Off 2026 – BBG Corporations and governments have borrowed around $230 billion across currencies thorough Jan. 7… @GlobalMktObserv: US stocks have NEVER been this expensive: The S&P 500 price-to-sales ratio is up to 3.47x, an all-time high. This means investors are paying $3.47 for every $1 of revenue generated by S&P 500 companies. The ratio is now +53% above the 2000 Dot-Com Bubble peak of 2.27x. It has also surpassed the 2021 peak of 3.21x, which was followed by a bear market. The ratio averaged ~1.0x in the early 1990s and bottomed at ~0.8x during the Financial Crisis. US stocks are priced for perfection. There is no room for error.US stocks are priced for perfection. There is no room for error. https://x.com/GlobalMktObserv/status/2008969390252065255 Russia-flagged tanker seized by US Coast Guard after slipping past Venezuela blockade https://trib.al/eAehWpo @ChuckDeVore: With the U.S. seizing that rogue Russian/Iranian ghost tanker 200 miles south of Iceland, one wonders what’s on it? And, with a Russian navy submarine “escorting” it, might the secrets on board necessitate sinking the vessel to keep the intelligence or evidence away from the U.S.? @FaytuksNetwork: Russia says they expect any Russian mariners found aboard the sanctioned oil smuggling M/V Marinara/Bella 1 to be returned to the fatherland in a timely fashion. Positive aspects of previous session The S&P 500 Index hit an all-time high. Fangs and techs rallied sharply. USHs rallied as much as 28/32; but it appeared to be on defensive asset allocation. Precious metals declined smartly. Oil and gasoline fell modestly. Negative aspects of previous session Stocks, ex-Fangs & tech, declined smartly, led by big banks. Ambiguous aspects of previous session How will Trump’s new embrace of populism impact the markets? First Hour/Last Hour NYSE Action [S&P 500 Index]: 1st Hour: Down; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6935.27 Previous session S&P 500 Index High/Low: 6965.69; 6919.19 Rubio said the US will meet with Denmark next week to discuss the purchase of Greenland. @DeItaone: DENMARK RELIES FAR MORE ON U.S. THAN GREENLAND Danske Bank economists say Greenland is a minor part of Denmark’s economy, representing just 0.8% of GDP and 0.5% of trade. By contrast, over 20% of Danish exports go to the U.S., and Danish pension funds hold $200 billion in U.S. investments. Sanctions over Greenland would be difficult, as much of Denmark’s production is abroad. Denmark ‘will shoot first and ask questions later’ if the US invades Greenland (FAFO time again?) https://www.dailymail.co.uk/news/article-15443147/Denmark-shoot-ask-questions-later-US-Greenland.html Iran on the brink as protesters move to take two cities, appeal to Trump – Abdanan and Malekshahi cities reportedly taken over by people celebrating in streets, chanting ‘Death to Khamenei’ https://www.foxnews.com/world/iran-brink-protesters-move-take-two-cities-appeal-trump Meet ‘El Pollo,’ the Venezuelan general who might testify against Maduro – USA Today US officials tracked Hugo Carvajal for two decades. Now in prison, he could testify about Maduro’s alleged role in US-bound cocaine shipments… In Carvajal’s letter, first published by The Dallas Express, Carvajal offered to provide evidence about how Venezuela’s political and military leadership had become a criminal enterprise that specifically sought to undermine the security of the United States by weaponizing their long-running drug trafficking operations in coordination with Colombian guerrilla groups, “Cuban operatives” and even the U.S.-designated terrorist group Hezbollah, an Iran-backed Islamist militia that U.S. officials say has helped turn Venezuela into a hub for the convergence of transnational organized crime and international terrorism… Carvajal also claimed that U.S. diplomats and CIA officers “were paid to assist Chávez and Maduro in remaining in power.” (Teams Obama and Biden) Carvajal also claimed to have information that the Smartmatic voting technology company could be manipulated to change the outcome of U.S. elections with the help of the Venezuelan government… https://www.usatoday.com/story/news/politics/2026/01/06/hugo-carvajal-venezuelan-general-testify-against-maduro/88037719007/ The first country to adopt electronic voting in 2004, Venezuela has descended into a theatre of spectacular malpractice over the past two decades, first under Hugo Chavez and then Nicolás Maduro… For the 28 July election, Maduro’s rivals were able to prepare a ‘meticulously planned’ counter-strategy, having guaranteed that opposition-accredited observers would be present at each of the over thirty thousand voting counts. Then each observer took photos of the voting rolls and later uploaded them in a digitally scanned format that was easily accessible and verifiable by each and every citizen through a QR Code. Each code leads to a sequence of numbers that identify the state and the voting centre, and the exact number of votes for each party and candidate. In the election’s aftermath, the opposition collected the rolls produced by the voting machines before they were sent to the CNE in Caracas. Gradually, Venezuelans were able to rebuild 83 % of all voting rolls and they were uploaded onto a dedicated website, showing that Urrutía had clearly won with roughly 67 % of the votes, against Maduro’s 30 %.. https://www.ceps.eu/venezuelas-election-shows-that-technology-can-be-democracys-ally-and-not-only-an-enemy/ @TrumpWarRoom: @PressSec calls out the Democrat hypocrisy on Venezuela. Chuck Schumer and Chris Van Hollen pushed to remove Maduro under Biden. Now they call it “reckless.” The double standard is astounding. (Now, election fraud fear!) https://x.com/TrumpWarRoom/status/2008954491610050579 ‘Tax Me,’ Mitt Romney Says, Pointing at You – His proposals begin with a huge hike on salarymen—strivers who earn income of the sort he doesn’t. By Clifford Asness and Michael Mendelson ‘Tax the Rich, Like Me’ reads the headline of a recent New York Times op-ed by Mitt Romney. Mr. Romney’s left-populist star turn follows the usual formula, which is along the lines of “raise the kind of taxes I don’t pay” or “raise the ones I paid while getting rich as I pull up this ladder behind me.”… https://www.wsj.com/opinion/tax-me-mitt-romney-says-pointing-at-you-27e7f47f Today – The ‘first 5 days of the new year’ window closes. The Consumer Electronics Show ends Friday. And the SCOTUS will issue its tariff ruling on Friday. Key questions: Will Trump’s new populism spook stocks? How far do stocks need to decline for DJT to do a TACO and 86 his populist proposals? Expected economic data: Q Nonfarm Productivity 5.0%, Unit Labor Costs 0.0% (HA, HA!); Initial Jobless Claims 212k, Continuing Claims 1.9m; Oct Wholesale Inventories 0,2%, Sales -0.2%; Nov Consumer Credit $10.146B; Min Fed Pres Kashkari 10 ET, Richmond Fed Pres Barkin 13:35 ET ESHs are +4.00; NQHs are -2.50; AU and Silver are modestly higher; and USHs are -8/32 at 20:28 ET. S&P Index 50-day MA: 6816; 100-day MA: 6705 150-day MA: 6543; 200-day MA: 6311 DJIA 50-day MA: 47,714; 100-day MA: 46,837; 150-day MA: 45,836; 200-day MA: 44,652 (Green is positive slope; Red is negative slope) S&P 500 Index (6920.93 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 and MACD are positive – a close below 6851.33 triggers a sell signal Hourly: Trender and MACD are negative – a close above 6951.84 triggers a buy signal @Rainmaker1973: China has developed stealthy drones that look and fly like real birds. https://t.co/aLjzHcQmYP Twenty-six years ago, Tom Clancy wrote about tiny smart bomblets/drones that would act like a swarm of bees/insects. They would communicate with each other so as not to hit the same targets. Feds probe hundreds of millions in suspected Somali cash in luggage leaving Minneapolis airport The routine routes were to Dubai via Amsterdam, usually from Minneapolis but other times from Seattle, Dallas, Columbus and Atlanta… https://justthenews.com/government/security/wedfeds-probing-hundreds-millions-suspected-somali-cash-luggage-leaving Homeland Security bringing more agencies into Minneapolis to root out rampant fraud https://trib.al/k0NACVZ HHS official @TriciaOhio: Today, ICE officers in Minneapolis were conducting targeted operations when rioters began blocking ICE officers and one of these violent rioters weaponized her vehicle, attempting to run over our law enforcement officers in an attempt to kill them—an act of domestic terrorism. An ICE officer, fearing for his life, the lives of his fellow law enforcement and the safety of the public, fired defensive shots. He used his training and saved his own life and that of his fellow officers. The alleged perpetrator was hit and is deceased. The ICE officers who were hurt are expected to make full recoveries. This is the direct consequence of constant attacks and demonization of our officers by sanctuary politicians who fuel and encourage rampant assaults on our law enforcement. These men and women who are simply enforcing the law on the books are facing 1,300% increase in assaults against them and an 8,000% increase in death threats… @OliLondonTV: Woman shot and killed by ICE agents in Minneapolis after speeding off as officers attempted to open her car. An officer told her to “get out of the f**king car” and tried to open the door of her vehicle, before she sped off and was shot. @chiIIum: WITNESS to deadly I.C.E. Incident: “She was the main car leading the protest.” “She was very successful in what she was set to do.” So, it looked like she was impeding federal officers? “Definitely, yeah. That was her goal.” https://x.com/chiIIum/status/2009021063963791813 DHS Secretary Kristi Noem confirms the female shot dead by ICE in Minneapolis had been stalking and impeding agents all day before blocking them in, weaponizing her vehicle and attempting to murder agents — an act of domestic terrorism. https://x.com/Dapper_Det/status/2009046598123442242 Kristi Noem: people need to stop using their vehicles as weapons. This domestic act of terrorism is going to stop. I am asking the DOJ to prosecute this as domestic terrorism. It’s clear that it’s being coordinated and people are being trained. https://x.com/Badhombre/status/2009047008431231162 Inquiring minds want to know if she was a paid protestor, and if so by whom? Could ‘they’ be culpable? @KanekoaTheGreat: The wife of Renee Nicole Good—the 37-year-old Minneapolis shooting victim who attempted to run over an ICE officer—appears to have been outside the vehicle filming as her wife blocked ICE vehicles. She is seen wearing a flannel shirt, walking around the vehicle and recording ICE officers. She later runs back to the vehicle to check on Renee. Afterward, she tells a nearby man, “That’s my wife.” When he asks if she knows any of her wife’s relatives she could call, she responds, “We’re new here. I don’t have people… I can’t even breathe right now.” Why was she outside the vehicle filming while her wife was blocking ICE officers? https://x.com/KanekoaTheGreat/status/2009040818896830650 Dems are out in force with the talking point that Good was a “legal observer,” which is absurd! Captures of Dems “legal observer” posts https://x.com/libsoftiktok/status/2009027189044392208/photo/1 @FoxNews: REPORTER: “Mayor Frey called the claims of self-defense BS. How do you respond to that?” SEC NOEM: “I say that he doesn’t know what he’s talking about. It’s very clear that this individual was harassing and impeding law enforcement operations. Our officer followed his training, did exactly what he’s been taught to do in that situation, and took actions to defend himself and defend his fellow law enforcement officers… “It’s clearly established law that a vehicle driven by a person and used to harm someone is a deadly weapon…” https://x.com/FoxNews/status/2009046861517144559 The ICE officer, fearing for his life and the other officers around him, and the safety of the public, fired defensive shots. He used his training to save his own life and that of his colleagues.” “He was treated at a local hospital, has been released, and is now with family…” https://x.com/FoxNews/status/2009046716188610848 @JennieSTaer: NOEM says the ICE officer injured after today’s shooting in Minneapolis was previously the victim of an anti-ICE attack over the summer: “The very same officer who was attacked today had previously been dragged by an anti-ICE rioter who had rammed him with a car and drug him back in June. He sustained injuries at that time as well.” https://x.com/JennieSTaer/status/2009057495608668187 @nicksortor: New angle from the ICE involved shooting in Minneapolis shows the woman CLEARLY hitting the agent with her car before he fires at her. A vehicle is a deadly weapon. And she used that deadly weapon against an agent. Self-defense. https://x.com/nicksortor/status/2008973759097733306 @ShadowofEzra: Watch the encounter between ICE and an alleged protester in Minneapolis, Minnesota today, shown in slow motion. ICE says officers were forced to act because they believed she was about to run them over. Democrats are saying she was not a present danger. What do your eyes tell you? https://x.com/ShadowofEzra/status/2008976323880874383 GOP @RepAndyBiggsAZ: This is what happens when Democrats encourage violence against @ICEgov. I stand with our brave law enforcement officers as they work tirelessly to secure our homeland. I’m relieved to hear that the injured officers are expected to make a full recovery. Minneapolis @MayorFrey: I am aware of a shooting involving an ICE agent at 34th Street & Portland. The presence of federal immigration enforcement agents is causing chaos in our city. We’re demanding ICE to leave the city immediately. We stand rock solid with our immigrant and refugee communities. @rawsalerts: Watch as Mayor Jacob Frey tells ICE to get the f**k out of Minneapolis after fatal shooting of U.S. citizen occurred. https://x.com/rawsalerts/status/2008974295012343961 @cspan: @Tim_Walz: “We have been warning for weeks that the Trump administration’s dangerous sensationalized operations are a threat to our public safety…To Minnesotans I say this: I feel your anger. I’m angry…To Donald Trump and Kristi Noem, you have done enough.” (Inciting violence; it’s time to invoke the “Insurrection Act” and deploy troops!) https://x.com/cspan/status/2009004761979248754 Tim Walz: “The desire to get out and protest…is a patriotic duty at this point…” “This is the peaceful resistance that we need!” (Code to riot?) https://x.com/townhallcom/status/2009004899766513888 @RapidResponse47: Tampon Tim Walz says it’s “a patriotic duty” to protest ICE. Only a deranged, sick individual would encourage his constituents to obstruct the arrests of criminal illegal aliens. @townhallcom: Tim Walz seems to have reached his breaking point live during this press conference. “We have someone dead in their care for NO REASON WHATSOEVER!” He’s LYING. https://x.com/townhallcom/status/2009007877411967364 @ianmiles: Minneapolis is now in a state of chaos as Mayor Jacob Frey pulled out the police force and is allowing rioters to run rampant against ICE. https://x.com/ianmiles/status/2009002876081983617 Walz: “I’ve issued a warning order to prepare the Minnesota National Guard, I remind you a warning order is heads up, these National Guard troops are OUR National Guard troops, they are Minnesotans.” Tim Walz announces that he issued a warning order to prepare the Minnesota National Guard to “protect Minnesotans” from “rogue Ice Agents.” https://x.com/AndrewKolvet/status/2009007739163533820 (@GrageDustin: Minnesota Democrats are basically encouraging George Floyd 2.0 riots.) Tim Walz: “Minnesotans, do not take the bait… … do not allow them to deploy troops into here… do not allow them to invoke the Insurrection Act … do not allow them to invoke Martial Law… ” https://x.com/jackunheard/status/2009010740552978931 Mamdani: “As ICE attacks our neighbors across America, it is an attack on us all.” Zohran Mamdani is trying to incite violence after the ICE incident in Minneapolis, Minnesota https://x.com/MamdaniWatch/status/2009016625060827560 @RealHickory: Somalis at the Minnesota state Capitol call for jihad! Round all these terrorists up and get them the hell out, NOW! https://x.com/RealHickory/status/2008530739739193519 @TheTonus: If Governor Tim Walz deploys the Minnesota National Guard against federal law enforcement), that’s a blatant act of insurrection and sedition, and he should be arrested immediately. Frey, Walz, Mamdani, and other leftists are Vichy Americans. Americans better realize what leftists and their foreign allies are perpetrating in the USA ASAP – or else! Ex-Special Forces @JimHansonDC: Gov Tim Walz says he’s calling out the MN Guard “if it is a rogue federal agent.” I released my book “Winning the Second Civil War: Without Firing a Shot” in Mar 2021. I never believed we’d get to open conflict. But the Left has run a Judicial Insurrection,. Antifa has committed multiple terrorist acts, Hamas mobs have run rampant, and now mult Democrat governors are openly defying federal mandates. Is it time to write the sequel? Winning the Second Civil War: Stacking Insurrectionists Like Cordwood” Ex-Clinton advisor Mark Halperin, dissecting two videos, asserts that video and audio show the ICE agent shot AFTER the car struck him. https://x.com/Poeslawisalive/status/2009050958391857504 A 37-year-old woman (widow and mother of 6-year-old) is dead because leftists and media encouraged people to “resist” – DJT, the police, ICE, anything that leftists dislike, etc. Anyone with a modicum of sense or history knew that imploring people to “resist” authorities would unequivocally end in tragedy – especially if people defy police or officials’ orders AND they keep attacking or inhibiting ICE! PS – The deceased woman reportedly is from Colorado but was living with her partner in the Twin Cities. @WesternLensman: Dem Rep & Levi Strauss heir Dan Goldman dumps gas on the fire: “It was an outright murder.” “This officer…needs to be charged with murder.” Democrats doing their level best to ensure Minneapolis is in flames tonight. https://x.com/WesternLensman/status/2009026126384148858 (Goldman was NOT on the House Floor. Ergo, he can be sued!) Reverend Jordan Wells @WellsJorda89710: HEARTBREAKING TRUTH: ICE agents are heroes risking their lives in lawless sanctuary cities—yet they’re sent in ALONE while radicals attack them! That MN agent was 100% RIGHT defending himself after a suspect tried to RUN HIM OVER. This chaos is a Democrat DISTRACTION from the MASSIVE fraud networks being exposed and the GREAT things President Trump is doing on Day 1! Solution: EVERY ICE raid in hostile cities like Minneapolis needs NATIONAL GUARD backup—FULL STOP. No more putting our agents in danger. Secure the border, crush the fraud, BACK THE BLUE! @realDonaldTrump: I have just viewed the clip of the event which took place in Minneapolis, Minnesota. It is a horrible thing to watch. The woman screaming was, obviously, a professional agitator, and the woman driving the car was very disorderly, obstructing and resisting, who then violently, willfully, and viciously ran over the ICE Officer, who seems to have shot her in self defense. Based on the attached clip, it is hard to believe he is alive, but is now recovering in the hospital. The situation is being studied, in its entirety, but the reason these incidents are happening is because the Radical Left is threatening, assaulting, and targeting our Law Enforcement Officers and ICE Agents on a daily basis. They are just trying to do the job of MAKING AMERICA SAFE. We need to stand by and protect our Law Enforcement Officers from this Radical Left Movement of Violence and Hate! @grayzoneintel: DHS Secretary Noem: “We are going to continue operating in Minneapolis and Minnesota… I’m asking the Department of Justice to prosecute it [vehicle ramming and vehicular attacks] as domestic terrorism…” Minnesota Police and Peace Officers Association Interim Executive Director David Titus said, “The Minnesota Police and Peace Officers Association stands firmly behind law enforcement officers, accountability under the law, and the safety of every Minnesota community. Irresponsible, reckless rhetoric from political leaders attacking law enforcement has real and dangerous consequences for officers on the street. When officers are vilified, demonized, or used as political props, it fuels hostility, emboldens bad actors, and puts lives directly at risk. MPPOA calls on leaders to stop the inflammatory language and respect the legal and investigative process.” https://x.com/CrimeWatchMpls/status/2009051402224669172 (Cuban) Man accused of hitting U.S. Immigration and Customs Enforcement officer with his car, biting another… in St. Paul on Dec. 21 of last year… https://www.cbsnews.com/minnesota/news/charges-ice-agent-hit-car-biting-st-paul/ Leftists from various and sundry groups are descending on the Twin Cities. It could get very ugly! @julie_kelly2: The Biden DOJ created new case law for the use of the seditious conspiracy statute. Two dozen Americans in the Proud Boys case and 3 Oath Keepers cases faced seditious conspiracy charges over minimal planning to attend Jan 6 and protest as a group. No weapons, no car attacks, no coordinated attempt to interfere with law enforcement. In fact several Oath Keepers were seen on video HELPING police that day. Nonetheless, they were prosecuted for allegedly “using force” to interfere in a government function. Several were convicted at trial; two federal judges allowed terror enhancements during sentencing proceedings. I often wrote/posted how the Left would not like it when the new rules applied to their side—never confident that time would come. But it’s here. @RNCResearch: UNHINGED Democrat Rep. Emily Randall thinks we should ignore the Somali fraudsters — who have stolen billions from Americans — and focus on American citizens and “white men.” “We should spend a lot more time…looking at American citizens, looking at white men.” (Another Dem with ‘issues?’) https://x.com/RNCResearch/status/2008955898837029189 Ex-aide to Mass. Gov. Maura Healey accused of drug trafficking mistakenly paid $30K for unused vacation days https://t.co/qUhghEuV0U Observe the nature of today’s alleged peace movements. Professing love and concern for the survival of mankind, they keep screaming… that armed force should be abolished as a means of settling disputes among nations, and that war should be outlawed in the name of humanity. Yet these same peace movements do not oppose dictatorships; the political views of their members range through all shades of the statist spectrum, from welfare statism to socialism to fascism to communism. This means that they are opposed to the use of coercion by one nation against another, but not by the government of a nation against its own citizens; it means that they are opposed to the use of force against armed adversaries, but not against the disarmed. Consider the plunder, the destruction, the starvation, the brutality, the slave-labor camps, the torture chambers, the wholesale slaughter perpetrated by dictatorships. Yet this is what today’s alleged peace-lovers are willing to advocate or tolerate — in the name of love for humanity… Statism is a system of institutionalized violence and perpetual civil war. It leaves men no choice but to fight to seize political power… – Ayn Rand in “Roots of War” June 1966 https://courses.aynrand.org/works/the-roots-of-war/ @ThomasSowell: RFK Jr: “There are studies coming out of Stanford and Harvard that show a lot of mental illness, including anxiety and depression, are related to food. Food is medicine. By changing your diet, you can lose some of those diagnoses.” https://t.co/l8pgcmb5CR White House releases new Dietary Guidelines for Americans, ‘turning the food pyramid upside down’ – pushing protein, fats – “We are ending the war on saturated fats,” Kennedy said — referring to products that are generally solid at room temperature like cheese, butter and fat in meats, which now are recommended to form the bulk of diets alongside meat and produce like carrots and broccoli… RFK Jr. on new US dietary guidelines: “Protein and healthy fats are essential and were wrongly discouraged in prior guidelines… Today our government declares war on added sugar.” https://x.com/TrumpWarRoom/status/2008943512876945551 @MargoMartin47: “Kids NEED protein. These new protein guidelines are designed for American kids to thrive!” @DrMakaryFDA https://x.com/MargoMartin47/status/2008971271137300778 How Rockefeller’s Money Decided What Doctors Were Allowed to Learn and How They Treated Patients “…an industrial fortune helped determine not just how doctors were trained—but what kinds of healing were allowed to exist.” Medical schools that accepted this funding were encouraged—or required—to emphasize laboratory-based science, chemistry, and pharmacology. Courses increasingly centered on measurable, testable interventions rather than experiential or traditional healing methods. In this account, the curriculum that emerged reflected industrial values: standardization, reproducibility, and scalability. Treatments that could be manufactured, patented, and distributed at scale became central to medical legitimacy… Pharmacology rose to prominence within this system. As industrial chemistry advanced, the ability to extract, refine, and synthesize compounds expanded rapidly. Many of these processes were rooted in techniques developed within the oil and chemical industries. Petrochemical byproducts could be transformed into pharmaceutical substances, creating a direct link between industrial chemistry and medical treatment. According to critics, this connection reinforced a medical model dependent on chemical interventions rather than lifestyle, nutrition, or preventive care. https://diedsuddenlynews.substack.com/p/how-rockefellers-money-decided-what @SamaHoole: 1920s: Dr. Russell Wilder at Mayo Clinic develops the ketogenic diet for pediatric epilepsy. The results are extraordinary. Children with uncontrollable seizures see 50-90% reduction. Some become completely seizure-free. Ketones change brain metabolism. By 1930, it’s standard treatment. Thousands of children successfully treated. Then 1938: Phenytoin is discovered – the first pharmaceutical anti-seizure medication. It’s less effective than ketogenic diet. Serious side effects. Requires lifetime prescribing. But it can be patented. Pharmaceutical companies market aggressively. By 1950, ketogenic diet use drops 90%. The diet is largely forgotten until the 1990s when Jim Abrahams’ son Charlie develops uncontrollable epilepsy. Multiple medications fail. Hundreds of seizures daily. Abrahams discovers the old Mayo Clinic research. Within days of starting ketogenic diet, Charlie’s seizures stop completely. Abrahams is furious. Why wasn’t this offered first? He founds the Charlie Foundation in 1994 to promote ketogenic research. Slowly, the diet returns. But it’s listed as “alternative therapy” or “last resort.” First-line treatment? Still pharmaceutical drugs with lower efficacy. We had a cure in 1920. We abandoned it for 70 years because pills are more profitable than food… https://t.co/Y3C5SjuWFM @MalePsychology: “41% of Democratic college students would not support a Republican-run business, 37% would not be friends with a Republican, and 30% would not work for one. The Republican numbers regarding Democrats were 7, 5, and 7 percent, respectively”. From @robkhenderson’s newsletter Zohran Mamdani’s woke, privileged tenant advocate Cea Weaver breaks down crying when asked about hypocritical gentrification comments https://trib.al/IySAVuk “Private property including any kind of ESPECIALLY homeownership is a weapon of white supremacy,” she said in a 2019 post… Weaver once whined, too, about gentrification in her own Crown Heights neighborhood — despite being a middle-class white woman who attended Bryn Mawr College and NYU… “I don’t think I’m out of my mind,” she said in a NY1 interview on Tuesday… Mayor Mamdani: South Africa is the model for New York Mayor Mamdani gave them clues, advising them to “look to Madiba and the South African Freedom Charter.” The charter… opens with the words “our people have been robbed of their birthright to land, liberty and peace by a form of government founded on injustice and inequality.” Suggesting that apartheid is alive and well in New York will have brought another big gulp from Schumer and the Democratic establishment… This is testing the very limits of grievance politics. And the current almost failed state that is South Africa, with white farmers fleeing to America as refugees, bodes particularly ill as a template for New York… (Better build a ‘panic/safe room!’) The new mayor tailored much of his speech towards New York’s now sizable Muslim population… https://www.spectator.com.au/2026/01/mayor-mamdani-south-africa-is-the-model-for-new-york/ In wake of NYC shooting, panic rooms shift from luxury to necessity July 25, 2025 https://www.foxbusiness.com/lifestyle/wake-nyc-shooting-panic-rooms-shift-from-luxury-necessity @BreannaMorello: Ashli Babbitt was killed for taking an unauthorized tour of the Capitol and the left called it justifiable. Any critics for this ICE involved shooting can kiss my ass. | |
SWAMP STORIES FOR YOU TONIGHT
Left-Wing Protest Industrial Complex Activates Across Multiple Cities After ICE-Involved Shooting In Minneapolis
Thursday, Jan 08, 2026 – 07:45 AM
It didn’t take long. Within hours of an ICE-involved shooting in the Minneapolis area, the Democratic Party’s protest industrial complex moved into action, quickly creating conditions for coordinated demonstrations across multiple cities. The rapid response suggested these nonprofit activist networks were on standby, waiting for a catalytic event, as an army of radicals intensified pressure campaigns against federal agents, blocking streets, harassing officers, and openly doxxing them.
Shortly after the ICE-involved shooting that left one woman dead, multiple videos of the incident went viral on X. In at least one video, she appears to be blocking the street with her vehicle in an attempt to impede ICE agents and is later shot and killed after advancing toward one of the agents. Numerous angles of the incident are circulating on X, offering competing narratives.
The Democratic Party’s propaganda machine, desperately searching for the next narrative after the optically displeasing Somali-linked daycare fraud scandal, was quick to deploy a new storyline.
As we noted hours before protest activity erupted in the Minneapolis area (read here), the left-wing nonprofit Minnesota Immigrant Rights Action Committee functioned as a rapid-response mobilization hub, coordinating a coalition of left-wing activist groups to flood the streets by late evening.
Footage of the demonstrations:
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The rapid response extended beyond Minnesota. In New York, Party for Socialism and Liberation New York City, reportedly funded by China-based far-left billionaire Neville Roy Singham, mobilized activists within hours.
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GREG HUNTER….
harveyorganblog.com 
