FEB 9/ALL PRECIOUS METALS RISE TODAY: GOLD CLOSED UP $100.00 TO $5054.95 WITH SILVER UP A STRONG $5.24 TO $82.72//PLATINUM WAS UP $22.05/ TO $2123.40 AND PALLADIUM WAS UP $9.60 TO $1727.75//TODAY WE HAVE A GOLD COMMENTARY COURTESY OF ALASDAIR MACLEOD//AND YOU MUST VIEW THE PODCAST OF ANDREW MAGUIRE TALKING WITH CRAIG HEMKE ON OUR GOLD AND SILVER MARKETS//WE HAVE COMMENTARIES TODAY ON CHINA AS THEY LIMIT THEIR EXPOSURE TO USA TREASURIES AND THE DOLLAR/EUROPEAN COMMENTARY TONIGHT COURTESY OF DR DANIEL LACALLE/OTHER EUROPEAN COMMENTARIES ON ITALY VS THE MUSLIMS/ AND THOMAS KOLBE DELIVERS ANOTHER GREAT COMMENTARY ON GERMANY;’S STUPIDITY//ISRAEL UPDATES//IRANIAN UPDATES//SEEMS THAT THE AUTHORITIES ARE NOW TRYING TO REMOVE THE COVID SHOTS ARE VARIOUS INVENTORIES//NEWSWIZE//USA DATA RELEASES ON DEBT LEVELS RE CONSUMER//STUDENT DEBT ETC//SWAMP STORIES FOR YOU TONIGHT//GREG HUNTER INTERVIEWS COVID INJURY EXPERT DR SANSONE//
072 C GOLDMAN 3 099 H DEUTSCHE BANK AG 397 118 C MACQUARIE FUTURES US 7 190 H BMO CAPITAL MARKETS 333 323 C HSBC 13 332 H STANDARD CHARTERED B 2 365 C MAREX CAPITAL MARKET 8 555 C BNP PARIBAS SEC CORP 158 555 H BNP PARIBAS SEC CORP 28 657 C MORGAN STANLEY 13 661 C JP MORGAN SECURITIES 81 248 709 C BARCLAYS 636 3 880 H CITIGROUP 289 905 C ADM 9
TOTAL: 1,114 1,114 MONT
MONTH TO DATE: 32,502
JPMORGAN STOPPED 248/1114
February
GOLD: NUMBER OF NOTICES FILED FOR FEBRUARY/2026: 1114 CONTRACTs NOTICES FOR 111,400 OZ or 3.4650 TONNES
total notices so far: 33,618 contracts for 3,361,600 OR 104.559 tonnes)
FOR FEB.
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SILVER NOTICES: 317 NOTICE(S) FILED FOR 1.585 MILLION OZ /
total number of notices filed so far this month : 4,061 CONTRACTS (NOTICES) for 20.305 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $100.00 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/
INVENTORY RESTS AT 1076.23 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $5,24 AT THE SLV: A MASSIVE FRAUDULENT WITHDRAWAL OF 1.812 MILLION OZ FROM THE SLV:
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 520.555 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUMONGOUS SIZED 2092 CONTRACTS TO 135,258 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR SMALL $0.08 GAIN IN SILVER PRICING AT THE COMEX WITH RESPECT TO FRIDAY’S // TRADING.
NOW ON A NET BASIS OUR SPECULATORS HAVE GONE SHORT GOADED BY HIGH FREQUENCY TRADERS AND SPREADERS. THE SPECS ON A NET BASIS ARE PROVIDING THE NECESSARY PAPER TO OUR LONGS AND THEN THE LONGS TENDER FOR PHYSICAL AT 4 PM. BECAUSE OF THE HUGE SHORTFALL IN PHYSICAL SILVER THERE IS A LOTTERY TO SEE WHO GETS ANY OF THE PHYSICAL SILVER THAT IS PRESENT. IF NOBODY GETS ANY THEY COME BACK THE NEXT DAY AND SO ON. THIS IS IN LONDON, THE HOME OF PHYSICAL SILVER!!
WE HAVE REVERTED TO SPECS NOW GOING ON THE SHORT SIDE AND THE BANKER (FRBNY) ON THE LONG SIDE
IT IS OUR SILVER SPECULATORS THAT WERE BRUTALLY BEATEN UP AT THE SILVER COMEX AND GOT RINSED OUT BADLY WITH FRIDAY GAIN. WE FINALLY ARE MOVING TO A MUCH HIGHER BASE SURPASSING THE $34.40 SILVER PRICE BARRIER TO A HIGH DEGREE, AND NOW FALTERING AT OUR LAST MAJOR HURDLE OF $100.00 SILVER.
WE HAVE A HUGE SIZED LOSS OF 1642 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A STRONG SIZED 450 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE.. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS IN COMEX TRADING WITH RESPECT TO FRIDAY TRADING WITH OUR GAIN IN PRICE ALONG /// THEY DESPERATELY AGAIN TODAY TRIED TO CONTAIN SILVER’S PRICE RISE FOR THE PAST SEVERAL WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE TO ABOVE $100.00 AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY FAILED ON FRIDAY WITH SILVER’S TINY GAIN IN PRICE AS THE SPECS PILED INTO THE SILVER ARENA.
THE PRICE FINISHED STILL ABOVE THE MAGIC NUMBER OF $50.00 SILVER SPOT PRICE BUT BELOW THE $100.00 MARK CLOSING AT $77.39 DOWN $7.87 WE ARE NOW WITNESSING HAVING MANY HUGE T.A.S ISSUANCES // TODAY’S WAS AT AN ULTRA MAMMOTH SIZED 9552 T.A.S. CONTRACTS !!. THE CROOKS ARE BECOMING MORE DESPERATE TO STOP SILVER BREAKING ABOVE THE 100.00 DOLLAR MARK!!.MAMMOTH SIZE T.A.S ISSUANCE IS BECOMING THE NORM AT THE COMEX NOW!!
THERE IS NO NEXT LINE IN THE SAND ONCE THE 100.00 DOLLAR SILVER IS PIERCED AGAIN. WE HAD A STRONG SIZED 451 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR MAMMOTH SIZED 9552 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING//RAID AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE.
IN ESSENCE WE HAD A HUGE SIZED LOSS OF 1642 CONTRACTS ON OUR TWO EXCHANGES WITH OUR SMALL GAIN IN PRICE OF $0.08 WE HAD HUGE GOVERNMENT (FRBY) COMEX CONTRACTS TRADING ALL WEEK AND A MAJOR PORTION AND NO DOUBT REMOVED BY DAYS END. (I RECORD THIS FOR YOU ON A DAILY BASIS). THE STICKY SPECULATOR LONGS STILL REMAIN STOIC EVEN ON OUR HUGE PRICE FALLS. THE NON STICKY SPECULATORS ARE BEING WIPED OUT. EASTERN CENTRAL BANKERS (LIKE CENTRAL BANK OF INDIA) AND LARGE INDUSTRIAL USERS CONTINUE ON THE LONG SIDE AS THEY WILL TENDER FOR THE BADLY NEEDED PHYSICAL SILVER.
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.
THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON FRIDAY NIGHT//SATDAY MORNING: AN ULTRA MAMMOTH SIZED 9552 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED FRBNY BANKERS).
THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS AS ONE UNIT, BUT SELL THE SHORT SIDE FIRST AND THEN LIQUIDATE THE LONG SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS NOW ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1.1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES.
THUS:
INITIAL STANDING FOR JANUARY: 22.915 MILLION OZ FOLLOWED BY TODAY’S 1.185 MILLION OZ QUEUE JUMP//NEW NORMAL STANDING ADVANCES TO 49.445 MILLION OZ// TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK FOR .100 MILLION OZ//NEW STANDING ADVANCES TO 49.545 MILLION OZ!!
INTIAL STANDING FOR FEBRUARY/SILVER: 13.505 MILLION OZ FOLLOWED BY TODAY’S 0.490 MILLION OZ QUEUE JUMP//NEW STANDING FOR SILVER AT THE COMEX ADVANCES TO 21 MILLION OZ. BUT WE MUST ADD OUR FIRST EXCHANGE FOR RISK OF 25 CONTRACTS FOR .125 MILLION OZ AND THEN OUR SECOND EXCHANGE FOR RISK OF .0600 MILLION OZ//
NEW TOTALS FOR SILVER OZ STANDING IS AS FOLLOWS
NORMAL STANDING 21 MILLION OZ
PLUS OUR 2 EXCHANGE FOR RISK: 185,000 OZ
EQUALS
21.330 MILLION OZ!! HUGE FOR A FEBRUARY
WE HAD:
/ HUGE COMEX OI LOSS+// A STRONG SIZED 450 EFP ISSUANCE CONTRACTS (/ VI) A MEDGA MEGA HUGE NUMBER OF T.A.S. CONTRACT ISSUANCE 9552 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED 11 SILVER CONTRACTS
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JAN.. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF FRB.
TOTAL CONTRACTS for 6 DAY(S), total 5955 contracts: OR 29.775 MILLION OZ (925 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 29.775 MILLION OZ
LAST 24 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:
MAY 137.83 MILLION
JUNE 149.91 MILLION OZ
JULY 129.445 MILLION OZ
AUGUST: MILLION OZ 140.120
SEPT. 28.230 MILLION OZ//
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE
APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 87.110 MILLION OZ
AUGUST: 65.025 MILLION OZ
SEPT. 74.025 MILLION OZ///FINAL
OCT. 29.017 MILLION OZ FINAL
NOV: 134.290 MILLION OZ//FINAL
DEC, 61.395 MILLION OZ FINAL
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)
AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )
NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)
DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ
YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ
JANUARY 2025: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
FEB. 58.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE/FINAL
MARCH: 67.020 MILLION OZ///QUITE SMALL AND BECOMING SMALLER EACH AND EVERY MONTH.
APRIL: 100.895 MILLION OZ///AVERAGE SIZE ISSUANCE
MAY: 28.975 MILLION OZ (ISSUANCE WILL BE QUITE SMALL THIS MONTH)
JUNE: 81.065 MILLION OZ
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 59.455 MILLION OZ (QUITE SMALL)
SEPT. 50.510 MILLION OZ.(QUITE SMALL)
OCT; 82.020 MILLION OZ (WILL BE STRONG THIS MONTH)/ OCC WANTS TO REIN IN THESE ISSUANCES!
NOVEMBER: 36.425 MILLION OZ
DEC: 45.765 MILLION OZ
JANUARY 2026: 134.270 MILLION OZ (WILL BE A VERY STRONG MONTH FOR EXCHANGE FOR PHYSICAL!)
FEB : 29.775 MILLION OZ
RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2092 CONTRACTS DESPITE OUR SMALL GAIN IN PRICE OF $0.08 IN SILVER PRICING AT THE COMEX// FRIDAY,. THE CME NOTIFIED US THAT WE HAD A STRONG SIZED CONTRACT EFP ISSUANCE:450 CONTRACTS ISSUED FOR MARCH, AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.W HAD A HUGE 0.490 MILLION OZ QUEUE JUMP// THEN WE MUST ADD OUR FIRST EXCHANGE FOR RISK: 25 CONTRACTS FOR 125,000 OZ TO OUR SECOND EXCHANGE FOR RISK OF 12 CONTRACTS OR 0.060 MILLION OZ//NEW TOTALS NOW JUMPS UP TO 21.330 MILLION OZ!
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LAST 10 MONTHS OF SILVER DELIVERIES
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 16.050 MILLION OZ NORMAL DELIVERY , PLUS OUR 4.00 MILLION EX FOR RISK
FINAL STANDING APRIL: 19.965 MILLION OZ
AND MAY:
NEW STANDING FOR MAY FINISHES AT: 75.615 MILLION OZ. (INCLUDES 5,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ EXCHANGE FOR RISK ISSUANCE/PRIOR.//NEW TOTAL STANDING 88.540 MILLION OZ
AND JUNE: FINAL 16.995 MILLION OZ
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 5,000 OZ QUEUE JUMP //NEW STANDING ADVANCES TO 10.960 MILLION OZ
SEPTEMBER: 68.040 MILLION OZ NORMAL DELIVERY(INCLUDES ALL QUEUE JUMPING AND EXCHANGE FOR PHYSICAL TRANSFERS) PLUS 3.0 MILLION OZ EX FOR RISK = 71.040 MILLION OZ. (THIS IS THE FIRST AND ONLY ISSUANCE OF EXCHANGE FOR RISK FOR SILVER SINCE MAY.)
OCTOBER: 39.565 MILLION OZ OF NORMAL DELIVERY INCLUDES ALL QUEUE JUMPING
PLUS
2.110 MILLION OZ EXCHANGE FOR RISK//TOTAL OZ STANDING IN OCT ADVANCES TO 41.675 MILLION OZ
NOVEMBER: INITIAL STANDING AT 11.575 MILLION OZ FOLLOWED BY TODAY’S 195,000 OZ QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 9.155 MILLION OZ//STANDING ADVANCES TO 19.670 MILLION OZ/
DECEMBER: INITIAL AMOUNT STANDING FOR DELIVERY: 49.33 MILLION OZ// FOLLOWED BY ANOTHER STRONG 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 1.185 MILLION OZ QUEUE JUMP//NORMAL STANDING ADVANCES TO 49.445 MILLION OZ// TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 0.100 MILLLION OZ//NEW STANDING ADVANCES TO 49.545 MILLION OZ
FEB: 13.399 MILLION OZ IS OUR INITIAL STANDING FOR SILVER! TO WHICH WE ADD OUR NEXT QUEU JUMP OF 0.490 MILLION OZ F AND THEN ADD OUR 2 EXCHANGE FOR RISK FOR .185 MILLION OZ STANDING ADVANCES TO 21.330 MILLION OZ!!
THE NEW TAS ISSUANCE FRIDAY NIGHT (9552) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED NO DOUBT WITH FUTURE TRADING!!
WE HAD 317 NOTICE(S) FILED TODAY FOR 1.585 MILLION OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL. IT IS NOW TIME FOR THE FBI TO ENTER THE COMEX AND ARREST THESE CROOKS EVEN THOUGH THE MAJORITY OF THE TRADING IS GOVERNMENT. THE BANKERS ARE COMPLICIT. THE SILVER COMEX IS NOW ON A MASSIVE SIEGE LOOKING FOR PHYSICAL SILVER!!
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A SMALL SIZED 657 OI CONTRACTS UP TO 401,609 OI AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. (ALL TIME LOW OF 390,000 CONTRACTS.) THUS WE ARE NOW AT ITS NADIR OI IN COMEX BUT WITH AN EXTREMELY HIGH PRICE OF GOLD. THE SHORT RATS ARE ABANDONING THE SHIP.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A HUGE CRIMINAL 1630 CONTRACTS // MEGA HUGE GOVERNMENT REMOVALS//
WE HAD A SMALL SIZED GAIN IN COMEX OI (657 ONTRACTS) . THIS OCCURRED WITH OUR HUGE GAIN OF $86.55 IN PRICE// FRIDAY///.
LAST 10 MONTHS OF GOLD DELIVERIES: (MAY THROUGH TO /FEB)
MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
FINAL STANDING FOR MAY: 70.174 TONNES OF GOLD TO WHICH WE ADD 1. MONDAY’S (MAY 19) 6.221 TONNES EXCHANGE FOR RISK , 2. THEN WE ADD: 1.35 TONNES TO LAST WEEK”S. THEN WE ADD 3. 1.55 TONNES TO EQUAL 9.591 TONNES// NEW EXCHANGE FOR RISK = 9.591 TONNES WHICH MUST BE ADDED TO OUR NORMAL DELIVERY SCHEDULE OF 80.644 TONNES. THUS STANDING FOR MAY INCREASES TO 90.235 TONNES OF GOLD
2 JUNE CONTRACT MONTH: 93.085 TONNES OF GOLD (WHICH INCLUDES ALL QUEUE JUMPING AND 0 EX FOR RISK)
3.JULY INITIIAL STANDING FIRST DAY NOTICE: 17.847 TONNES. PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES STANDING
4. AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.637 TONNES EX FOR RISK//AUG 25: 9.107 TONNES , AUGUST 26: 9.1010 TONNES AND NOW AUGUST 27: 9.0699 TONNES//NEW STANDING ADVANCES TO 107.5117 TONNES OF GOLD NORMAL STANDING (INCLUDES ALL MONTHLY QUEUE JUMPS/EX FOR PHYSICAL TRANSFERS//) +44.696 TONNES EX.FOR RISK = 152.208 TONNES
5.SEPT: INITIAL 8.093 TONNES OF GOLD PLUS TODAY’S QUEUE JUMP OF 0.4883 TONNES PLUS 2.2827 TONNES OF EXCHANGE FOR RISK TODAY//NEW TOTAL EX. FOR RISK/MONTH = 22.923//NEW TOTAL STANDING FOR GOLD SEPT ADVANCES TO = 48.801 TONNES!!
6.OCTOBER: 90.012 TONNES OF INITIAL GOLD STANDING WITH TODAY’S TINY 0.00311 TONNES QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS DURING OCT OF 76.1656 TONNES
THEN WE MUST ADD OUR 14.553 TONNES OF OUR ISSUANCE OF EXCHANGE FOR RISK/6 OCCASIONS//NEW TOTAL OF GOLD STANDING ADVANCES TO 197.5141 TONNES OF GOLD.
7.NOVEMBER BEGINS WITH 15.651 TONNES INITIALLY STANDING FOR DELIVERY FOLLOWED BY TODAY’S QUEUE JUMP OF 2.323 TONNES FOLLOWED BY ALL PREVIOUS QUEUE JUMPS IN OF OF 21.3775 TONNES TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCE OF 4.5596 TONNES//NEW STANDING ADVANCES TO 43.9716 TONNES OF GOLD.
8. DECEMBER BEGINS WITH INITIAL STANDING OF 83.813 TONNES OF GOLD FOLLOWED BY TODAY’S 0.0TONNE 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 QUEUE JUMP OF 0.000 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 30.7117TONNES //NEW TOTAL QUEUE JUMPS 30.7117//NORMAL DELIVERY OF GOLD ADVANCES TO 36.8958 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 22.315 TONNES//NEW STANDING ADVANCES TO 59.2108 TONNES.
FEB; INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 93.567 TONNES OF GOLD TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 3.393 TONNES TO OTHER OF 19.811 TONNES/ NEW QUEUE JUMP TOTAL: 23.204 TONNES// AND THEN WE ADD OUR FIRST EXCHANGE FOR RISK: 276 CONTRACTS OR .858 TONNES//NEW STANDING ADVANCES TO 117.651 TONNES
E.F.P. ISSUANCE/FOR OPENING FEB. GOLD CONTRACT
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3496 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 401,609 AND WE NOW WITNESSING A LOWER COMEX OI BUT WITH AN EXTREMELY HIGH PRICE OF GOLD.//NOW ALMOST IMPOSSIBLE TO FLEECE.
SILVER ALSO HAS A FAIR SIZED COMEX OI OF 135,258 CONTRACTS//
IN ESSENCE WE HAVE A STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 4153 CONTRACTS WITH 657 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 3496 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON.
THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 4153 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED BUT CRIMINAL 2923 CONTRACTS AND THESE ISSUANCES ARE GENERALLY USED TO INITIATE A RAID WHEN CALLED UPON LIKE LAST FRIDAY AND ON 3 OCCASIONS DURING THIS WEEK.
GOLD PRICE ON FRIDAY ROSE BY $86.55
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT(3496) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI OF 2287 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 5783 CONTRACTS..
WE HAVE 1) NOW RETURNED TO OUR ABNORMAL FORMAT OF BANKER (FRBNY) GOING ON THE LONG SIDE AND NEWBIE SPECULATORS GOING TO THE SHORT SIDE// THEY WILL BE OBLITERATED. ,2.) STRONG INITIAL STANDING FOR GOLD FOR FEBRUARY:
FEB; INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 93.567 TONNES OF GOLD TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 3.393 TONNES TO ALL OTHER QUEUE JUMP OF 19.811 TONNES//NEW QUEUE JUMP TOTALS: 23/204 TONNES// /// TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK FOR 276 CONTRACTS OR 2760 OZ OR .858 TONNES//NEW STANDING ADVANCES TO 117.691 TONNES
FINAL STANDING FOR GOLD, JANUARY CONTRACT AT 59.2108 TONNES OF GOLD
AND NOW FEBRUARY: INITIAL STANDING FOR GOLD: 117.691 TONNES!! WHICH INCLUDES ALL QUEUE JUMPING AND OUR FIRST EXCHANGE FOR RISK!!
3) ZERO T.A.S. LIQUIDATION (AND CONSIDERABLE GOVT LIQUIDATION // AND A STRONG GAIN OF EQUITY SHARES/FEB 5 AS WE HAD 1)A $86.55 COMEX PRICE GAIN AND WE HAD 2) NEWBIE SPEC SHORTS GETTING LIQUIFIED AND ON A NET BASIS, THE SPECS LOST HUGELY IN NUMBERS + EASTERN CENTRAL BANKERS WERE PILING INTO THE LONG SIDE AS WE HAD A STRONG SIZED GAIN OF 4153 CONTRACTS ON OUR TWO EXCHANGES AND AS WELL A HUGE AMOUNT OF GOLD WILL STAND FOR DELIVERY IN FEB. (117.691 TONNES). //, CENTRAL BANKERS TENDERED FOR PHYSICAL WITH THEIR PURCHASES OF CONTRACTS../ ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED FRIDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL
4)A SMALL SIZED COMEX OI GAIN 5) V) STRONG SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD (3496) AND A STRONG T.A.S. ISSUANCE (2928) FOR RAID PURPOSES
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN :
TOTAL EFP CONTRACTS ISSUED: 24,999 CONTRACTS OR 2,499,900 OZ OR 77.76 TONNES IN 6 TRADING DAY(S) AND THUS AVERAGING: 4300 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN6 TRADING DAY(S) IN TONNES: 77.76 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2025, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 77.76TONNES DIVIDED BY 3550 x 100% TONNES = 2.19% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2023 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2024: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES
2025: AND NOW 2026
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: 209.08 TONNES (WILTONNES (WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL)
FEB. 77.76 TONNES (WHICH WILL BE ANOTHER STRONG)
SPREADING OPERATION
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF OCT. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A MEGA HUGE SIZED 2092 CONTRACTS OI TO 135,267 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 450 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 450 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 2092 CONTRACTS AND ADD TO THE 450 E.FP. ISSUED
WE OBTAIN A HUGE SIZED LOSS OF 1642 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR GAIN OF $0.08
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 8.220 MILLION PAPER OZ
OCCURRED WITH OUR GAIN IN PRICE.OF $0.08
2.ASIAN AFFAIRS FEB 9/2025
SHANGHAI CLOSED UP 57.51 PTS OR 1.41%
//Hang Seng CLOSED UP 467.21 PTS OR 1.76%
// Nikkei CLOSED UP 2110.76 PTS OR 3.89%
//Australia’s all ordinaries CLOSED UP 0.69%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.9234
/ OFFSHORE CLOSED UP AT 6.9219 Oil DOWN TO 63.79 dollars per barrel for WTI and BRENT DOWN TO 68.25 Stocks in Europe OPENED MOSTLY ALL GREEN
ONSHORE USA/ YUAN TRADING UP TO 6.9234 OFFSHORE YUAN TRADING UP TO 6.9219 ONSHORE YUAN TRADING BELOW OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER//OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
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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 SMALL SIZED 657 CONTRACTS UP TO 401,609 OI WITH OUR STRONG GAIN IN PRICE OF $86.55 WITH RESPECT TO FRIDAY’S // TRADING/ //COMEX CLOSING TIME:… WE LOST ZERO NET LONGS, WITH THAT PRICE GAIN FOR GOLD BUT OUR SHORT SPECS GOT CLOBBERED. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3496).
WE HAD ZERO T.A.S. LIQUIDATION FRIDAY. IT SEEMS THAT THE SPECULATORS STARTED AGAIN TO GO LONG FRIDAY AFTER A BRIEF PERIOD OF GOING NET SHORT, AS WERE HIT BADLY ON FRIDAY, WITH OUR FRBNY GOING NET LONG AND THE SPECS PROVIDING THE SHORT PAPER. CENTRAL BANKS TENDERED THEIR NEW LONG CONTRACTS AT THE END OF THE DAY WITH MEGA SHOCK FROM THE SHORT SPECS AS THEY NEEDED TO PROVIDE THE PHYSICAL!!
YOU WILL NOTICE THAT THE COMEX OI IS NOW BACK TO AN EXTREMELY LOW OI OF AROUND 403000 TO NOW 401,609 AND NOW AMPLE ENOUGH TO GROW AND FROM THIS POINT FORTH IT WILL BE DIFFICULT TO FLEECE. THE ALL TIME LOW OF COMEX OI IS 390,000 CONTRACTS WHICH OCCURRED IN 2001 WITH GOLD AROUND $260. FROM CHINA WE LEARN THAT TODAY, THE GOLD LEASE RATE IS NOW AROUND 5 %
WE THUS HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 4153 CONTRACTS (OR 12.957TONNES).
THEN WE WERE NOTIFIED OF A 0 CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 0 OZ OR 0.00 TONNES OF GOLD AND THUS THE TOTAL ISSUANCE FOR FEB REMAINS AT ONE.
A LITTLE HISTORY OF EXCHANGE FOR RISK DECEMBER THROUGH TO FEBRUARY:
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.
THEN WE HAVE 6 ISSUED IN JANUARY: 3.446 TONNES EARLY, THEN JAN 9 ISSUANCE OF 9,331 TONNES AND THEN JAN 16: 0.1996 TONNES JAN 26: 1.499 TONNES, jAN 27: 3.160 AND FINALLY JAN 29: 4.659 TONNES TONNES//TOTAL EXCHANGE FOR RISK JANUARY 22.315 TONNES WHICH WAS ADDED TO OUR NORMAL DELVERIES.
FEB EXCHANGE FOR RISK: NOW ONE ISSUANCE: 276 CONTRACTS FOR 27,600 OZ OR .858 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 56+ TONNES OF SHORTAGE. HOWEVER THEY SEEM NOT TO BE IN A HURRY TO COVER THEIR HUGE SHORTFALL
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 WAS ADDED TO OUR DAILY TOTALS!! (17.656 TONNES)
FEBRUAY ISSUANCE 1. FOR; 0.858 TONNES SO FAR!!
DETAILS ON OUR NEW FEBRUARY COMEX CONTRACT MONTH//
IN TOTAL WE HAD A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 4153 CONTRACTS WITH OUR STRONG GAIN IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT OF THE WEEK AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTACKS VERY EARLY IN THE COMEX SESSIONS AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THEIR DAILY ATTACKS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY AND OUR SHORT SPECULATORS FOR THE THOUGHTFULNESS.
LONDON ANNOUNCED EARLY IN THE YEAR (AND SCARCITY CONTINUES TO THIS DAY) THAT THEY WERE OUT OF GOLD. WRONGLY IT WAS ATTRIBUTED TO THEIR SHIPPING PHYSICAL GOLD TO COMEX FOR STORAGE DUE TO TRUMP’S INITIATION OF TARIFFS. THE TRUTH OF THE MATTER IS THAT THIS GOLD LEFT LONDON TO OTHER CENTRAL BANKS, AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH FEBRUARY/ CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY ALTHOUGH THE T.A.S. ISSUANCES IN GOLD HAVE GENERALLY BEEN ON THE LOW SIDE COMPARED TO SILVER WHICH HAVE BEEN HUGE. TODAY’S NUMBER IS A STRONG SIZED T.A.S ISSUANCE CONTRACTS.THE CME NOTIFIES US THAT THEY HAVE ISSUED 2928 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 SOMEHOW LOOKED THE OTHER WAY WITH ITS GOLD SWAPS WITH THE FRBNY AS THIS ENTITY FOR THE FED REFUSES THE BIS MARCHING ORDERS TO COVER AND THAT MAY EXPLAIN THE STRONG NUMBER OF T.A.S. ISSUANCES IN DECEMBER , JANUARY THROUGH TO FEBRUARY TO GO ALONG WITH OUR HUGE NUMBER OF EXCHANGE FOR RISK ISSUED DURING THESE MONTHS. OTHER CENTRAL BANKS ARE PAYING ATTENTION AS THEY TAKE DELIVERY OF HUGE AMOUNTS OF PHYSICAL GOLD.
FOR EXAMPLE:
HERE IS A SUMMARY OF GOLD STANDING FOR DELIVERY ON OUR LAST 11 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: INITITAL STANDING: 13.785 TONNES TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 0,000 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 30.7117TONNES //NEW TOTAL QUEUE JUMPS 30.7117//NORMAL DELIVERY OF GOLD ADVANCES TO 36.8958 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 22.315 TONNES//NEW STANDING ADVANCES TO 59.2108 TONNES.
11.FEB; 0. FEBRUARY: INITIAL STANDING: 93.566 TONNES TO WHICH WE HAD OUR NEXT QUEUE JUMP OF 3.393 TONNES ADDING TO ALL OTHER QUEUE JUMPS OF 19.811 TONNNES//NEW TOTAL QUEUE JUMP: 23.204/ / STANDING ADVANCES TO 116.793 TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 0.858 TONNES/NEW STANDING ADVANCES TO 117.691 TONNES!!
THE FED IS THE OTHER MAJOR SHORT IN GOLD OF AROUND 56+ 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 56 TONNES OF GOLD.. THE FED IS VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES IF THEY DO NOT BORROW THIS GOLD. BUT IT IS IMPOSSIBLE/ THAT THE FED IS THE BUYER OF 10.006 TONNES OF EXCHANGE FOR RISK/DECEMBER/EARLY JANUARY!!,(LATEST BIS DATA SHOWS AN INCREASE IN GOLD BORROWING BY THE FRBNY// BUT MAY BE THE BUYER IN JANUARY OF 22.315 TONNES TOTAL IN JANUARY/6 ISSUANCES AS WE NOW HAVE THE BIS DATA FOR GOLD SWAPS FOR DECEMBER 2025 AND HERE WE FIND THAT THE FED ACTUALLY INCREASED THEIR GOLD SWAP LOANS WITH THE BIS TO THE 56 TONNES WHICH I NOW RECORD FOR YOU.!!
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.
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/FEB.//BORROWINGS FROM THE FRBNY:
THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED EXCHANGE FOR PHYSICAL OF 3496 CONTRACTS.
THAT IS A STRONG SIZED 3496 EFP CONTRACT WAS ISSUED: : /APRIL 3496 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3496 CONTRACTS. 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 56+ TONNES
WE HAD :
LITTLE LIQUIDATION OF OUR T.A.S. SPREADERS DURING THE COMEX SESSION + BUT DID HAVE HUGE GOVERNMENT LIQUIDATION
HUGE MONTH END SPREADERS LIQUIDATION ENDED FEB 2 AS IT FINALIZED OPERATIONS AS THEY AWAIT THEIR TURN AT THE END OF THIS MONTH OF FEBRUARY.
T.A.S.SPREADER ISSUANCE//FEBRUARY
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 FRIDAY NIGHT/SATURDAY MORNING WAS A STRONG SIZED 2928 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 FRIDAY’S GAIN IN PRICE IN GOLD WITH A CORRESPONDING STRONG SIZED GAIN OF COMEX OI AND A STRONG EXCHANGE FOR PHYSICAL ISSUANCE..
.
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
AND NOW FOLLOWED BY DECEMBER’S 3 ISSANCES FOR 12.997 TONNES
THE LONDON BANKING AUDITORS DID REFUSE 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/HOWEVER THEY DID GIVE THEIR OK NOV 30.
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 OPTIONS EXPIRY MONTH INCLUDING JANUARY’S OTC/LBMA DRIVE BY SHOOTING! ALONG WITH RAIDS IN EARLY FEBRUARY
GOLD STANDING AT THE COMEX FOR GOLD LAST 13 MONTHS OF 2025
YEAR 2025:
JAN 2025:
113.30 TONNES (WHICH INCLUDES 43.408 TONNES EX FOR RISK)
FEB: 2025:
256.607 TONNES (WHICH INCLUDES 18.4567 TONNES OF EX FOR RISK)
MARCH:
STANDING FOR GOLD : 60.33 TONNES + 7.6179 TONNES EX FOR RISK = 67.9479 TONNES WHICH IS EXTREMELY HIGH FOR A NON DELIVERY MONTH.
APRIL:
FINAL STANDING FOR GOLD: 201.573 TONNES + 8.3571 TONNES EX FOR RISK = 209.953 TONNES
MAY: FINAL STANDING 90.235 TONNES WHICH INCLUDES QUEUE JUMPING AND 9.591 TONNES EX FOR RISK.
JUNE: FINAL STANDING 62.534 TONNES PLUS 0.1493TONNES OF QUEUE JUMP EQUALS 93.085 TONNES
JULY: 17.947 TONNES INITIAL STANDING FIRST DAY NOTICE PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK/PRIOR + 2.195 EX FOR RISK TODAY = = 41.106 TONNES
AUGUST:INITIAL AMOUNT OF GOLD STANDING: 60.547 TONNES TO WHICH WE ADD OUR 7 MONTHLY ISSUANCES OF: EXCHANGE FOR RISK TOTALLING 44.696 TONNES//NEW STANDING ADVANCES AS FOLLOWS:
107.5117 TONNES NORMAL DELIVERIES (INCLUDES ALL QUEUE JUMPS /EXCHANGE FOR PHYSICAL TRANSFERS) +
5.4432 TONNES EXCHANGE FOR RISK/PRIOR/AUGUST 7
2.413 TONNES EXCHANGE FOR RISK AUGUST 11
PLUS 2.637 TONNES EX FOR RISK AUGUST 12
PLUS: 9.107 TONNES EX FOR RISK AUGUST 25
PLUS 9.1010 TONNES EX FOR RISK AUGUST 26!!
PLUS 9.0699 TONNES EX FOR RISK AUGUST 27
PLUS 6.923 TONNES EX. FOR RISK/AUGUST 28
MONTHLY TOTAL 44.696 TONNES EXCHANGE FOR RISK!MONTH OF AUGUST.
EQUALS
152.208 TONNES TONNES OF GOLD.
SEPT:
SEPT: 25.878 TONNES OF GOLD INITIAL GOLD STANDING TO WHICH WE ADD OUR 22.923 TONNES OF EXCHANGE FOR RISK ISSUED 7 TIMES DURING THE MONTH:
TOTAL EX FOR RISK// FOR MONTH = 22.923//NEW TOTALS FOR GOLD STANDING SEPT ADVANCES TO 48.801 TONNES
THIS IS HUGE FOR A GENERALLY WEAK SEPTEMBER DELIVERY MONTH.
OCTOBER: INITIAL AMOUNT OF GOLD STANDING: 90.164 TONNES OF GOLD FOLLOWED BY TODAY’S TINY 0.00311 TONNES QUEUE JUMP WHICH FOLLOWS ALL PREVIOUS QUEUE JUMPS OF 76.1656 TONNES WHICH MUST BE ADDED TO OUR 6 ISSUANCES OF 14.553 TONNES EXCHANGE FOR RISK//TOTAL NEW STANDING FOR GOLD IN THIS ACTIVE OCTOBER DELIVERY MONTH ADVANCES TO 197.5141 TONNNES.
NOVEMBER WHERE INITIAL AMOUNT OF GOLD STANDING IS REGISTERED AT 15.651 TONNES OF GOLD FOLLOWED BY TODAY’S QUEUE JUMP OF 2 TONNES AND FOLLOWED BY ALL OTHER NOV QUEUE JUMPS OF 21.3775 TONNES TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCE FOR 4.5596 TONNES.
DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY IN THIS ACTIVE MONTH IS 83.813 TONNES FOLLOWED BY TODAY’S 0.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: INITITAL STANDING: 13.785 TONNES TO WHICH WE ADD OUR QUEUE JUMP OF 0.000 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 30.7117TONNES //NEW TOTAL QUEUE JUMPS 30.7117//NORMAL DELIVERY OF GOLD ADVANCES TO 36.8958 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 22.315 TONNES//NEW STANDING ADVANCES TO 59.2108 TONNES.
FEBRUARY: . FEBRUARY: INITIAL STANDING: 93.566 TONNES TO WHICH WE HAD OUR NEXT QUEUE JUMP OF 3.393 TONNES WHICH IS ADDED TO ALL OTHER QUEUE JUMPS OF 19.811 TO TONNES QUEUE JUMP//TOTAL QUEUE JUMP FOR FEB:: 23.204 TONNES///STANDING ADVANCES TO 116.793 TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF .858 TONNES/NEW STANDING ADVANCES TO 117.691 TONNES
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 MONTHS 2021-2024
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:STANDING FOR GOLD/COMEX
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
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COMEX GOLD TRADING BEGINNING FEBRUARY,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $86.55)
WE HAD ZERO T.A.S. SPREADER LIQUIDATION FRIDAY // COMEX SESSION// WITH OUR GAIN IN PRICE ////.. BUT OUR SPECULATORS REMAIN RELENTLESS POURING INTO THE COMEX STARTING TO BUILD ON ITS OI // BUT WITH OTHER EASTERN CENTRAL BANKS TENDERING FOR PHYSICAL FRIDAY NIGHT WHICH ALSO EXPLAINS THE HUGE NUMBER OF TONNES OF GOLD STANDING FOR FEBRUARY. THE COMEX IS ONE BIG MESS!!
FRIDAY NIGHT//SATURDAY 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 FRIDAY EVENING/SATURDAY 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. JANUARY:
9. JANUARY: INITITAL STANDING: 13.785 TONNES TO WHICH WE ADD OUR QUEUE JUMP OF 0.000 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 30.7117TONNES //NEW TOTAL QUEUE JUMPS 30.7117//NORMAL DELIVERY OF GOLD ADVANCES TO 36.8958 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 22.315 TONNES//NEW STANDING ADVANCES TO 59.2108 TONNES.
10. FEBRUARY: INITIAL STANDING: 93.566 TONNES TO WHICH WE HAD OUR NEXT QUEUE JUMP OF 3.393 TONNES TO WHICH WE ADD TO ALL OTHER QUEUE JUMPS OF 19.811 / NEW QUEUE JUMP TOTALS: 23.2041 TONNES//STANDING ADVANCES TO: 116.793 TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 276 CONTRACTS FOR 27600 OZ OR .858 TONNES/NEW STANDING 117.691 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $86.55
WE HAD A SMALL XXXX CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE .(AND I BELIEVE A RECORD REMOVAL PRELIMINARY TO FINAL
NET GAIN ON THE TWO EXCHANGES : 4153 CONTRACTS OR 415,300 OZ OR 12.917 TONNES
i) Out of Brinks 6,939.340 oz ii) Out of Loomis: 43918.266 oz (1366 kilobars) iii) Out of Manfra: 25,521.043 oz
total withdrawal: 76,378.643 or 2.37 tonnes
Deposit to the Dealer Inventory in oz
1 ENTRIES
i) Into dealer Stonex: 385.812 oz (12 kilobars)
total deposit; 385.812 oz
Deposits to the Customer Inventory, in oz
DEPOSITS/CUSTOMER
0 entry
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No of oz served (contracts) today
1114 notice(s) 111,400 OZ
3.4650 TONNES TONNES OF GOLD
No of oz to be served (notices)
3933 contracts 393300 OZ 12.333 TONNES
Total monthly oz gold served (contracts) so far this month
33,616 notices 3,361,600 oz 104.553 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
dealer deposits: 1
1 ENTRIES
i) Into dealer Stonex: 385.812 oz (12 kilobars)
total deposit; 385.812 oz
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DEPOSITS/CUSTOMER
0
customer withdrawals:
3 ENTRIES
i) Out of Brinks 6,939.340 oz ii) Out of Loomis: 43918.266 oz (1366 kilobars) iii) Out of Manfra: 25,521.043 oz
total withdrawal: 76,378.643 or 2.37 tonnes
they are draining the comex of gold
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ADJUSTMENTs 4
ALL DEALER TO CUSTOMER:
a) Out of Brinks: 92,219.239 oz
b) out of JPMorgan: 17,843.805 oz
c) Out of Loomis: 1446.795 oz
d) out of Manfra: 103.35 oz
total adjusted out of dealer and landing into customer acct: 111,613.189 oz
or 3.47 tonnes
nnes
chaos inside the comex
AMOUNT OF GOLD STANDING FOR FEBRUARY
THE FRONT MONTH OF FEBRUARY STANDS AT 5047 CONTRACTS FOR A GAIN OF 593 CONTRACTS.
WE HAD 498 CONTRACTS SERVED ON FRIDAY, SO WE GAINED A HUGE 1091 CONTRACT–
QUEUE JUMP FOR 109,100 OZ OR 3.393 TONNES
MARCH SAW A GAIN OF 18 CONTRACTS UP TO 5047 CONTRACT OI AS MARCH BECOMES THE NEW FRONT MONTH FOR GOLD AND EXPECT TO HAVE A STANDING OF AROUND 13 TONNES FO GOLD
APRIL IS THE NEXT LARGEST DELIVERY MONTH AND IT LOST 705 CONTRACTS DOWN TO 280,067 CONTRACTS
We had 498 contracts filed for today representing 49,800 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 81 notices issued from their client or customer account. The total of all issuance by all participants equate to 1114 contract(s) of which 248 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for FEB /2026. contract month, we take the total number of notices filed so far for the month (33,616) to which we add the difference between the open interest for the front month of FEB ( 5047 CONTRACTS) minus the number of notices served upon today (1114 x 100 oz per contract) equals 3,754,900 OZ OR (116.793 Tonnes of gold) to which we add February’s first exchange for risk of 276 contracts or 27600 oz or .858 tonnes//new total gold standing in Feb increases to 117.691 tonnes.
thus the INITIAL standings for gold for the FEB contract month: No of notices filed so far (33,616 x 100 oz +we add the difference for front month of FEB (5047 OI} minus the number of notices served upon today (1114 x 100 oz) which equals 3,754,900 OR 116.793 TONNES// to which we add our first exchange for risk//27,600 oz or .858 tonnes//new standing advances to 117.691 tonnes!!!
new total of gold standing in FEB is 117.691 TONNES//
TOTAL COMEX GOLD STANDING FOR FEB 117.691 TONNES TONNES WHICH IS STRONG FOR THIS NORMALLY VERY NON ACTIVE ACTIVE DELIVERY MONTH OF JANUARY.
volume FRIDAY confirmed 267,979 fair/
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: 1,834,196.914 oz 57.05 tonnes pledged gold lowers
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 35,295,026.642 oz
TOTAL REGISTERED GOLD 18,258.988.954 or 567.931 Tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,035,123.651 oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 16,424.795 oz ((REG GOLD- PLEDGED GOLD)=
510.880 Tonnes // (declining rapidly)
total inventories in gold declining rapidly
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SILVER/COMEX
THE FEB 2026 SILVER CONTRACTS
FEB 9 2026
INITIAL/
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
5 entries
i) out of Asahi: 1,244,595.280 oz ii) out of CNT 771,964.556. oz iii) Out of HSBC 452,652.977
iv) Out of Manfra 1,507,865.720 oz v) Out of Stonex: 122,989.730 oz
total withdrawal: 4,099,665.263 oz
the comex is being drained of silver
Deposits to the Dealer Inventory
1 ENTRY
2 entries
i) Into CNT 291,987.700 oz ii) Into Stonex: 19,763.180 oz
total deposit into dealer; 311,750.850 OZ
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Deposits to the Customer Inventory
0 ENTRIES
No of oz served today (contracts)
317 CONTRACT(S) ( 1.585 million OZ
No of oz to be served (notices)
387 Contracts (1.935 MILLION oz)
Total monthly oz silver served (contracts)
4061 contracts 20.305 MILLION oz
Total accumulative withdrawal of silver from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
DEPOSITS INTO DEALER ACCOUNTS
2 ENTRIES
2 entries
i) Into CNT 291,987.700 oz ii) Into Stonex: 19,763.180 oz
total deposit into dealer; 311,750.850 OZ
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DEPOSIT ENTRIES/CUSTOMER ACCOUNT
0 ENTRIES
withdrawals: customer side/eligible
7 entries
i) out of brinks 814,465.795 oz
ii) Out of CNT 1841,567.808 oz
iii) Out of Delaware: 24,096.717 oz
iv) out of jPMorgan; 848,985.900 oz
v) Out of Loomis 600,680.300 oz
vi) Out of Manfra 222,374.197 oz
vii) Out of Stonex: 4,982.02 ooz
total withdrawal: 4,357,152.687 oz
the comex is being drained of silver
the comex is being drained of silver
adjustments: / / 2
dealer to customer:
a) Brinks 613,321.01 oz
customer dealer
b) CNT 10,650.820 oz
net loss from dealer to customer acc’t : 0.600 million oz
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TOTAL REGISTERED SILVER: 102.256MILLION OZ//.TOTAL REG + ELIGIBLE. 390.466 Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR FEBRUARY
silver open interest data:
FRONT MONTH OF FEB /2026 OI: 485 OPEN INTEREST CONTRACTS FOR A LOSS OF 83 CONTRACTS.
WE HAD 181 NOTICES FILED ON FRIDAY SO WE GAINED 98 CONTRACTS OR A HUGE 98 CONTRACT QUEUE JUMP FOR 0.490 MILLION OZ
MARCH LOST 4417 CONTRACTS DOWN TO 76,085. THIS BECOMES THE FRONT MONTH FOR SILVER DELIVERY
APRIL GAINED 11 CONTRACTS TO AN OI 484 CONTRACTS.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 317 or 1.585 MILLION oz
CONFIRMED volume; ON FRIDAY 149,802 mammoth+++//
AND NOW FEB. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in FEBRUARY. we take the total number of notices filed for the month so far at 4061 X5,000 oz = 20.305 MILLION oz
to which we add the difference between the open interest for the front month of FEBRUARY (485) AND the number of notices served upon today (317)x (5000 oz)
Thus the standings for silver for the FEBRUARY 2026 contract month: (4061)Notices served so far) x 5000 oz + OI for the front month of FEB(485) minus number of notices served upon today (317 )x 5000 oz equals silver standing for the FEB..contract month equating to 21.145 MILLION OZ. THEN WE MUST ADD OUR FIRST EXCHANGE FOR RISK TOTALS OF 25 CONTRACTS FOR .125 MILLION OZ TO FRIDAY’S 12 CONTRACT ISSUANCE//NEW TOTAL EXCHANGE FOR RISK 37 CONTRACTS FOR .185 MILLION OZ//NEW STANDING ADVANCES TO 21.330 MILLION OZ
NEW STANDING: 21.330 MILLION OZ WHICH IS HUGE FOR A GENERALLY SMALL DELIVERY MONTH OF FEBRUARY.
New total standing: 21.330 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 102.256 million oz of registered silver
JPMorgan as a percentage of total silver: 168.015/390.466.million: 43.02%
THERE IS NOW A RUN ON THE COMEX SILVER
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.
END
BOTH GLD AND SLV ARE MASSIVE FRAUD
FEB 9/2026/WITH GOLD UP $100,00 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/ /// ///INVENTORY RESTS AT 1076.23 TONNES
FEB 6/2026/WITH GOLD UP $86.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 4.00 TONNES OF GOLD FROM THE GLD/ /// ///INVENTORY RESTS AT 1077.95 TONNES
FEB 5/2026/WITH GOLD DOWN $57.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.43 TONNES OF GOLD FROM THE GLD/ /// ///INVENTORY RESTS AT 1081.95 TONNES
FEB 4/2026/WITH GOLD UP $17.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.72 TONNES OF GOLD FROM THE GLD/ /// ///INVENTORY RESTS AT 1083.38 TONNES
FEB 3/2026/WITH GOLD UP $270.80 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 1087.10 TONNES
FEB 2/2026/WITH GOLD DOWN $100.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.57 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1087.10 TONNES
JAN 30/2026/WITH GOLD DOWN $590.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.43 TONNES OF GOLD OUT OF THE GLD /// ///INVENTORY RESTS AT 1086.63 TONNES
JAN 30/2026/WITH GOLD DOWN $590.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.43 TONNES OF GOLD OUT OF THE GLD /// ///INVENTORY RESTS AT 1086.63 TONNES
JAN 29/2026/WITH GOLD UP $23.65 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.58 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1089.96 TONNES
JAN 28/2026/WITH GOLD UP $218.00 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.85 TONNES OF GOLD INTO THE GLD /// ///INVENTORY RESTS AT 1087.38 TONNES
JAN 27/2026/WITH GOLD UP $2.55 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 1086.53 TONNES
JAN 26/2026/WITH GOLD UP $106.10 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 6.89 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 1086.53 TONNES
JAN 23/2026/WITH GOLD UP $69.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSUT OF 2.000 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 1079.66 TONNES
JAN 22/2026/WITH GOLD UP $75.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A FRAUDULENT WITHDRAWAL OF 4.000 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 1077.66 TONNES
JAN 21/2026/WITH GOLD UP $74.30 TODAY/NO CHANGES IN GOLD AT THE GLD:/// ///INVENTORY RESTS AT 1081.66 TONNES
JAN 20/2026/WITH GOLD UP $142.90 TODAY/BIG CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 6.86 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 1081.66 TONNES
JAN 16/2026/WITH GOLD DOWN $27.80 TODAY/BIG CHANGES IN GOLD AT THE GLD: A DEPOSIT OF .57 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 1074.807TONNES
JAN 15/2026/WITH GOLD DOWN $9.85 TODAY/NO CHANGES IN GOLD AT THE GLD/// ///INVENTORY RESTS AT 1074.737TONNES
JAN 14/2026/WITH GOLD UP $34.35 TODAY/NO CHANGES IN GOLD AT THE GLD/// ///INVENTORY RESTS AT 1074.737TONNES
JAN 13/2026/WITH GOLD DOWN$11.00 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE DEPOSIT OF 3.43 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 1074.737TONNES
JAN 12/2026/WITH GOLD UP $104.90 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE DEPOSIT OF 6.25 TONNES OF GOLD INTO THE GLD/// ///INVENTORY RESTS AT 1070,80TONNES
JAN 9/2026/WITH GOLD UP $49.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.58 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 1064.55 TONNES
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
GLD INVENTORY: 1075.23 TONNES, TONIGHTS TOTAL
SILVER
FEB 9 WITH SILVER UP $5,24 A HUGE WITHDRAWAL OF 3.942 MILLION OZ FROM THE SLV://. ./ :INVENTORY RESTS AT 520.555 MILLION OZ
FEB 6 WITH SILVER UP 0.08 A HUGE WITHDRAWAL OF 3.942 MILLION OZ FROM THE SLV://. ./ :INVENTORY RESTS AT 522.367 MILLION OZ
FEB 5 WITH SILVER DOWN $7.87 A HUGE WITHDRAWAL OF 2.175 MILLION OZ FROM THE SLV://. ./ :INVENTORY RESTS AT 526.309 MILLION OZ
FEB 4 WITH SILVER UP $2.02 A HUGE WITHDRAWAL OF 3.551 MILLION OZ FROM THE SLV://. ./ :INVENTORY RESTS AT 528.484 MILLION OZ
FEB 3 WITH SILVER UP $6.11 A MASSIVE MASSIVE PAPER AND FRAUUDULENT 32.898 CHANGES IN SILVER AT THE SLV://. ./ :INVENTORY RESTS AT 531.985 MILLION OZ
FEB 2 WITH SILVER DOWN $1.32 NO CHANGES IN SILVER AT THE SLV://. ./ :INVENTORY RESTS AT 499.087 MILLION OZ /
JAN 30 WITH SILVER DOWN $37.04 HUGE CHANGES IN SILVER AT THE SLV:A FRAUDULENT WITHDRAWAL OF 3.625 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 499.087 MILLION OZ /
JAN 29 WITH SILVER UP $2.80 HUGE CHANGES IN SILVER AT THE SLV:A FRAUDULENT WITHDRAWAL OF 6,798 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 502.712 MILLION OZ /
JAN 28 WITH SILVER UP $5.60 HUGE CHANGES IN SILVER AT THE SLV:A WITHDRAWAL OF 4.078 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 509.510 MILLION OZ /
JAN 27 WITH SILVER DOWN $7.00 HUGE CHANGES IN SILVER AT THE SLV:A WITHDRAWAL OF 4.17 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 513.598 MILLION OZ /
JAN 26 WITH SILVER UP $12.92 HUGE CHANGES IN SILVER AT THE SLV:A WITHDRAWAL OF 0.454 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 517.758 MILLION OZ /
JAN 23 WITH SILVER UP $4.91 HUGE CHANGES IN SILVER AT THE SLV:A WITHDRAWAL OF 1.998 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 517.758 MILLION OZ /
JAN 22 WITH SILVER UP $3.20 HUGE CHANGES IN SILVER AT THE SLV:A WITHDRAWAL OF 1.812 MILLION OZ FROM THE SLV////. ./ :INVENTORY RESTS AT 519.752 MILLION OZ /
JAN 21 WITH SILVER DOWN $1.44 NO CHANGES IN SILVER AT THE SLV://. ./ :INVENTORY RESTS AT 521.564MILLION OZ /
JAN 20 WITH SILVER DOWN $4.24 HUGE CHANGES IN SILVER AT THE SLV: A MASSIVE AND CRIMINAL DEPOSIT OF 5.166 MILLION OZ INTO THE SLV///. ./ :INVENTORY RESTS AT 521.564MILLION OZ /
JAN 16 WITH SILVER DOWN $4.24 HUGE CHANGES IN SILVER AT THE SLV: A MASSIVE AND CRIMINAL WITHDRAWAL OF 5.401 MILLION OZ FROM THE SLV///. ./ :INVENTORY RESTS AT 516.298MILLION OZ //
JAN 15 WITH SILVER UP $1.00 HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 2.538 MILLION OZ FROM THE SLV///. ./ :INVENTORY RESTS AT 522.199MILLION OZ //
JAN 14 WITH SILVER UP $4.64 NO CHANGES IN SILVER AT THE SLV: /. ./ :INVENTORY RESTS AT 524,737MILLION OZ //
JAN 13 WITH SILVER UP $1.70 HUGE CHANGES IN SILVER AT THE SLV: A WITHDRAWAL OF 0.816MILLION OZ OUT OF THE SLV OZ INTO THE SLV. /. ./ :INVENTORY RESTS AT 524,737MILLION OZ //
JAN 12 WITH SILVER UP $5.50 HUGE CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 1.229MILLION OZ INTO THE SLV OZ INTO THE SLV. /. ./ :INVENTORY RESTS AT 525,598MILLION OZ //
JAN 9 WITH SILVER UP $4.15 HUGE CHANGES IN SILVER AT THE SLV: A DEPOSIT OF 6.119 MILLION OZ INTO THE SLV OZ FROM THE SLV. /. ./ :INVENTORY RESTS AT 524.329MILLION OZ //
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 518.210MILLION 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 //
Hedge fund long interest in silver is within a whisker of a 20-year low, which is fortunate because there is little physical liquidity in Comex vaults, mirroring London’s shortage.
Combined with a massive silver short in Shanghai which will have to be closed or physically delivered of more silver than exists in the future exchange’s vaults, last week’s derivative price smash will almost certainly intensify the bear squeeze which is set to return with increased violence. Furthermore, the central banks, sovereign wealth and other very large investors which have been accumulating gold and silver for some time took the advantage to buy more, leaving even less liquidity available.
We shall start with Comex. As stated in the introduction, speculative interest among hedge funds is abnormally low:
Usually, the major speculators in Comex gold and silver futures contracts are found in the non-commercial managed money category. They are almost entirely comprised of hedge funds trading between dollars and gold or silver futures. Very rarely do they take delivery. Therefore, the chart above is a good proxy for speculator sentiment and it is saying that they are not interested. Furthermore, the numbers for their shorts indicate that they are not much interested in that either.
The most recent Commitment of Traders statistics were for last Tuesday, when Comex open interest stood at 143,180 contracts, since when open interest has declined further to 135,267 contracts on preliminary estimates for Friday. Therefore, hedge fund interest in this contract has almost certainly declined further.
The only non-commercial category to see net long demand while open interest declined by 11,582 contracts between 9 December and 3 March was in the non-reported category which increased by 1,836 contracts. It is this category which is probably responsible for much of the stand for deliveries, which over the period amounted to 20,116 contracts, an amount shared between non-reported and other reported categories.
The most notable reduction in commercial shorts is in the swaps, comprised of bullion bank traders and market makers. Their shorts have decreased by 13,610 contracts since 9 December. The chart below puts this decline in context, which is now at an average level historically:
Taking price into account we can see that mark-to-market values are still very high, so there is pressure to reduce their exposure even more. That would normally be by buying derivatives in London, where bullion banks in turn are facing liquidity problems.
With such an obvious opportunity to squeeze the shorts on Comex, it is a mystery why speculators haven’t been playing the silver game. And even the recent decline from $121 to an intraday low of nearly half that in only six trading sessions has seen a limited shake out due to lack of speculator involvement. Coupled with frequent backwardations in London’s forward market and spiking lease rates due to limited liquidity, it’s hard to avoid the conclusion that the commercials just want to shut this futures contract down.
It will be interesting to monitor open interest in the run up to March’s contract expiry. On Friday, preliminary figures indicate that there are still 76,091 March contracts with only 14 trading days to First Position. This is when outstanding contract holders have to cough up the full amount for delivery.
This total will obviously reduce by then. But whether there will be enough registered-for-delivery physical silver to cover March contracts standing for delivery will be a close-run thing because as of Friday there was only enough registered to cover 20,501 contracts.
China
While London and Comex derivatives are being badly squeezed by demands for physical, China is different. In Shanghai’s gold and futures exchanges, physical metal is also being drained from their vaults, but there has been significant speculative interest along the way. And the Chinese love a leveraged speculation.
It has been a mixture of genuine physical demand and speculative activity maintaining significant premiums in Shanghai over London spot. And with London and New York desperately backing out of futures and forwards, clearly the market is now controlled in Shanghai.
In a widely publicised move, speculator Bian Ximing through his Zhongcai Group accumulated a silver futures short to the equivalent of 450 tonnes in January, 100 tonnes more than there is in the exchange’s vaults. Despite accumulating this short, the silver price continued to rise through January.
The Chinese authorities acted swiftly on Friday to freeze these and related shorts from being increased further, so they can only be maintained until they are closed. And when other traders work out that they must be bought back before contract expiry, they will rightly expect a vicious bear squeeze on these positions.
Being serial leveraged punters, Chinese speculator buying will almost certainly make the bear squeeze even more vicious. Even hedge fund speculators in London and New York might finally join in.
To summarise and conclude:
· London and Comex are tapped out of physical silver, with yet more substantial delivery obligations to come. In effect, these markets have lost control over silver to China and will act further to limit derivative obligations by refusing to deal if necessary.
· China now faces an intensifying paper squeeze in the coming weeks as a major short of over 30,000 SHFE contracts is unwound.
· These derivative problems come at a time of rapidly increasing public demand in Asia ranging from large investors to members of the public — notably in the two most populous nations on earth, China and India, as well as throughout Asia.
· There is highly credible evidence of major industrial and investment buying in big size taking advantage of the rapid decline in silver. Far from undermining sentiment, a combination of what appears to be a coordinated hit on silver in the west and Zhongcai Group’s massive short is set to drive silver prices even higher than they were already on course to achieve.
And finally, gold’s reaction whereby it declined from an intraday high of $5,600 to a low of $4,400 in large part was driven by volatility in silver. Again, large buyers have grasped the opportunity to buy as much as they can, setting gold up for its next leg higher, intensifying the silver squeeze in the process.
3. CHRIS POWELL AND HIS GATA DISPATCHES:
LIVE FROM THE VAULT YOU TUBE: 258 AND 257
TODAY CRAIG HEMKE
5. COMMODITY REPORT/COFFEE
SILVER/GOLD, PLATINUM
GOLD , SILVER OR PLATINUM LEASE RATES
ROBERT LAMBOURNE….
I have some implied lease rates for you from yesterday evening based on the Comex. Sorry, but I’m having some issues with my computer equipment so this is an image only. They are really high, even for gold historically.
Regards,
Bob
THEN
Higher margins after today
Inbox
Robert Lambourne
7:56 AM (26 minutes ago)
to me, Chris
The authorities seem desperate to keep prices suppressed. There also appears to have been an effort to suppress prices yesterday in Shanghai as per my earlier email.
This is the classic playbook from the Hunt brothers time.
CME Group hikes gold, silver margins again as volatility grips markets –
The Florida legislature has begun to move legislation (HB 999) to enact their prior approval for gold and silver coins to be legal tender in Florida.
This legislation will exempt gold and silver coins from sales tax in Florida. It also means that within Florida, there will be a means of payment independent of digital money created by governments for the purpose of controlling the population, it’s behavior, and it’s expressed views, in order that governments can rule via official narratives.
It is possible that if circumstances develop the tyrants in Washington will establish martial law in Florida and dispense with the use of real money in place of digital money that has no physical existence.
Unless all states adopt the legalization of gold and silver as legal tender, Floridians would be unable to make out of state payments and would have to become an economy unto itself, producing all of its own needs. This is the safest and most preferable way to exist.
Throughout history, gold and silver have been the means of payments. The Roman legions were paid in silver coins, the denarius. Estates were purchased for gold.
Paper money appeared originally as a receipt on gold holdings. If their gold was a large amount, people kept their gold in the vaults of goldsmiths and wrote notes to the goldsmiths to release the payment amount of the transaction to their business associates in order to pay their bills.
Goldsmiths learned that few ever claimed physical possession of their gold, instead using written notes, in effect checks, to transfer ownership. Thus goldsmiths became the first bankers, knowing that they could lend out the gold in their vaults that few ever came for. Moreover neither did those who borrowed the gold take possession physically. They merely wrote to the Goldsmith that they had made a payment that transferred ownership. Thus some percentage of their holding was transferred to the third-party.
This was the origin of fractional reserve banking.
When I was born gold was no longer a legal means of payment in the United States. President Franklin Delano Roosevelt, a liberal hero, had confiscated all the goal in the hands of the American population.
Once he had it, he raised the price from $20 an ounce to $35 an ounce. Later, it was raised to $42 an ounce and stood there until Senator Jesse Helms in the 1970s got legislation passed permitting Americans to again own gold coins, but gold was not made an official means of payment.
Following World War II, the Breton Woods agreement gave the US dollar the world reserve currency role. This meant that US debt in the form of Treasury bonds became the reserves of the world’s central banks. Thus, the US government was able to pay its bills by issuing debt as US Treasury debt was the reserves of the world’s central banks. Initially under the Brenton Woods system foreign central banks could redeem their holdings of US treasuries for gold. However, by demanding gold in exchange for France’s holdings of US debt, President Charles de Gaulle prompted the closing of the “gold window” in the 1970s, and US debt could no longer be exchanged for gold.
When I was born, silver was a means of payment. There were one dollar, two dollar, and five dollar Treasury Certificates, not federal reserve notes, that were exchangeable for silver at the price of one dollar per ounce of silver.
In my youth silver was used for transactions less than a dollar.The 10 cent piece known as the dime was silver. The 25 cent piece, or quarter dollar, was silver. So was the 50 cent piece. The penny was copper.
US one dollar bills, whether silver certificates or not, could be exchanged for a silver dollar at a bank, but silver dollars were not used in transactions. They existed to remind us that in the 19th century cowboys were paid 30 silver dollars per month and could survive on it.
For many years as my articles have documented, the US dollar has been able to maintain its value because gold and silver short-selling was able to hold down the rise in the dollar price of gold and silver.
Unlike equities, it is possible to short the precious metals market without holding collateral against the short. The futures market for gold and silver permits the printing of paper gold and silver in the form of futures contracts that are dumped in the futures market where the contracts drive down the prices of the precious metals. The peculiarity of the precious metals market is that the price of gold and silver has not been determined in the physical market where it is bought and sold, but in the futures market where it can be shorted by printing claims to gold and silver.
Recently in response to uncertainty of the value of increasing amounts of paper dollars not backed by anything, the demand for real money in the form of precious metals has overwhelmed the ability to use short-selling to hold down the prices of gold and silver.
As gold and silver prices rose, speculators joined the rise.
Speculators simply see opportunities, and when they had accumulated sufficient gain, they cashed out of the rise, resulting in a sharp fall in gold and silver prices.
However, the underlying situation that raised the dollar prices of real money has not changed, and therefore once speculative profits are removed from gold and silver prices the rise in the value of precious metals will resume.
One possible reason for President Trump’s desire for Venezuela’s oil and other assets, Greenland, and assets in Ukraine is to prop up the dollar with real things.
As I have pointed out on numerous occasions, the power of the United States rests on the dollar’s role as world reserve currency as this permits the US to pay its bills by issuing debt. China understands the value of having the role 0f being the reserve currency and has announced that it wants this role for the Chinese currency. As China is less indebted, more industrialized, and has a higher gross domestic product than the United States, it is possible that the continuation of the rapid growth of US national debt will result in the US losing the reserve currency role to China.
For several decades, the United States has had a destructive policy of offshoring its manufacturing, thereby weakening its own economy while the US government ran up massive amounts of debt. With the dollar already questionable Washington further undermined the dollar by weaponizing it, thus making it risky for central banks to hold US dollars in the form of Treasury debt as reserves. The seizure of Russian central bank reserves in the amount of $300 billion demonstrated the risk.
With no end of American wars and spending sprees in sight, the US dollar’s role as world reserve currency could well be in jeopardy.
Once this role is lost the dollar’s value in terms of other currencies will fall, and as the United States has become an import-dependent economy, US inflation would explode, further driving down the dollar.
Policy makers should take notice of this threat.
It is a more serious threat to America than is Iran, Venezuela, Cuba, Mexico, or Russia in Ukraine and the Arctic.
It is far more important for the United States to protect the value of its currency than for the United States to spend another trillion dollars, clearing Israel’s opponents from the Middle East.
This is a post from Jesse Colombo’s The Bubble Bubble Report—a bestselling newsletter focusing on precious metals investing and global economic risks. We specialize in detailed reports and analyses.
As you know, much of my updates over the past week have focused on the selloff in precious metals and mining stocks, and on determining whether it has run its course and is ready to continue the bull market. Despite the recent turbulence, which is to be expected after such an explosive surge, my long-term bullish view remains firmly intact. I believe the bull market in precious metals and miners has at least another 7 to 8 years to run.
In my analysis last Saturday, I outlined the framework I am watching and showed that precious metals and miners remain in confirmed uptrends, as indicated by their upward‑sloping 200‑day moving averages. This indicates that the overall bias continues to be to the upside.
I also noted that metals and miners were approaching oversold levels based on the Williams %R indicator, which has historically preceded rebounds and rallies during uptrends. At the time, I mentioned that I would prefer to see them reach fully oversold conditions to gain confidence that the selloff had run its course. Fortunately, over the past few days, that has now occurred, as I will show throughout this update.
On Monday, I published an update highlighting the key support zones to watch in precious metals and miners. Sure enough, those supports are holding very nicely, and both metals and miners are bouncing from them. I will show this in today’s update as well.
So, as usual, we’ll start with gold, which leads the overall precious metals complex. As the chart below shows, gold remains in a strong uptrend, as indicated by its upward-sloping 200-day moving average.
The Williams %R indicator hit oversold territory early last week, which typically signals that a bounce is near. That’s exactly what we’re seeing now, and the move likely has further to go, as gold remains closer to oversold than overbought.
Lending further support to that view is the way gold has held above the $4,300 to $4,600 support zone and bounced off it decisively. In these situations, multiple confirmations strengthen the overall case.
Moving on to silver, we can see that it also remains in a confirmed uptrend and reached oversold status on Thursday. In last Saturday’s update, I said I was waiting for that to happen in order to feel confident that the selloff had truly run its course.
I also mentioned that there was a good chance of another brief probe lower to create that oversold condition, and that is exactly what happened on Thursday. The frothy sentiment and overbought conditions from late January have now been reset, setting the stage for a recovery.
In further confirmation of that outlook, silver is holding and bouncing off the $70 to $80 support zone I highlighted on Monday. That said, I would like to see this support continue to hold and for silver to fully rise above it to be completely confident.
Platinum is also showing a similar setup to gold and silver, with a confirmed uptrend, a move into oversold territory in recent days, and a rebound off the $1,800 to $2,100 support zone, all of which are encouraging signs:
Palladium is in the same position as platinum, which is not surprising given their strong correlation:
Next, let’s look at gold miners, as represented by the popular VanEck Gold Miners ETF (GDX).
Gold miners are in a confirmed uptrend and are currently oversold according to the Williams %R indicator. Although they were already oversold as I noted in last Saturday’s update, I mentioned that it wasn’t the right time to try catching the falling knife, as I was waiting for gold itself to become oversold. That has now occurred over the past few days, which makes me more optimistic about a rebound in gold miners.
GDX has also held and bounced off its $85 to $90 support zone, which, combined with the other factors mentioned above, is a positive sign.
The GDXJ junior gold miners ETF is in the same position as the larger miner-focused GDX, which is an encouraging sign:
Silver miners, as represented by the Global X Silver Miners ETF (SIL), are also displaying the same constructive setup as the two gold mining ETFs shown above:
And last but not least, junior silver miners (SILJ) are showing the same encouraging setup as the other three precious metals mining ETFs:
In the final chart, I want to show the U.S. Dollar Index, which is important to watch due to its strong inverse relationship with precious metals. Bullish moves in the dollar are typically bearish for precious metals, and vice versa.
After a sharp selloff in late January, the U.S. Dollar Index has rebounded from the 96 support level I’ve highlighted since the summer. However, that does not mean the dollar is out of the woods. I’m skeptical of this rebound, as the dollar is still significantly overvalued and, unlike precious metals, is in a confirmed downtrend based on the 200-day moving average (though not shown here). This downtrend creates a bearish bias, where rebounds are more likely to fail and lead to further downside (learn more).
To learn more about my views on the dollar and the potential for it to enter a secular bear market soon, which should propel precious metals much higher, read my report from two weeks ago.
To summarize, following their recent sharp selloff, precious metals and mining stocks have now reached oversold conditions while still remaining in confirmed uptrends, which historically is a reliable signal that a rebound is ahead.
This is what the technicals are currently indicating, and it is consistent with my view that the precious metals bull market is still in its early stages, only two to three years in, and should last at least a full decade, as precious metals bull markets typically do. I am feeling much more optimistic about the short-term prospects for the precious metals complex as a result.
That said, I want to see all of the support zones I highlighted for each metal and mining ETF continue to hold in order to maintain this optimistic short-term view, and ideally, to see a continued strong rebound from those levels.
As always, I’ll keep you updated on what I’m seeing. I wish you all a relaxing and enjoyable weekend!
Disclaimer: the information provided in The Bubble Bubble Report and related content is for informational and educational purposes only and should not be construed as investment, financial, or trading advice. Nothing in this publication constitutes a recommendation, solicitation, or offer to buy or sell any securities, commodities, or financial instruments.
All investments carry risk, and past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher disclaim any liability for financial losses or damages incurred as a result of reliance on the information provided.
2.ASIAN AFFAIRS FEB 6/2025
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
SHANGHAI CLOSED UP 57.51 PTS OR 1.41%
//Hang Seng CLOSED UP 467.21 PTS OR 1.76%
// Nikkei CLOSED UP 2110.76 PTS OR 3.89%
//Australia’s all ordinaries CLOSED UP 0.69%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.9234
/ OFFSHORE CLOSED UP AT 6.9219 Oil DOWN TO 63.79 dollars per barrel for WTI and BRENT DOWN TO 68.25 Stocks in Europe OPENED MOSTLY ALL GREEN
ONSHORE USA/ YUAN TRADING UP TO 6.9234 OFFSHORE YUAN TRADING UP TO 6.9219 ONSHORE YUAN TRADING BELOW OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER//OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 6.9234
OFFSHORE YUAN: DOWN TO 6.9219
HANG SENG CLOSED UP 467.21 PTS OR 1.76%
2. Nikkei closed UP 2110.21 PTS OR 1.76%
WEST TEXAS INTERMEDIATE OIL DOWN 63.79
BRENT; 68.25
3. Europe stocks SO FAR: ALL MOSTLY GREEN
USA dollar INDEX DOWN TO 97.19 /// EURO RISES TO 1.1865 UP 53 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +2.296/ UP 6 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 156.55… 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: 3.563 DOWN 1 FULL BASIS PTS. AND STILL VERY TROUBLESOME
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and BRENT DOWN this morning
3h European bond buying continues to push yields HIGHER on all fronts in the EMU. German 10yr bund YIELD UP TO +2.8539 Italian 10 Yr bond yield UP to 3.479 SPAIN 10 YR BOND YIELD UP TO 3.233
3i Greek 10 year bond yield UP TO 3.483
3j Gold at $5011.55 Silver at: 80.29 1 am est) SILVER NEXT RESISTANCE LEVEL AT $100.00
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 56/100 roubles/dollar; ROUBLE AT 77.56
3m oil (WTI) into the 63 dollar handle for WTI and 68 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 156.55 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.296% UP 8 BASIS PTS STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING//YEN BOND TRADING OVERSEAS REPATRIATED.//JAPAN 30 YR: 3.563 DOWN 1/2 BASIS PTS.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.7771 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9155 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.
USA 10 YR BOND YIELD: 4.230 UP 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.886 UP 3 BASIS PTS/
USA 2 YR BOND YIELD: 3.504 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 43.60 UP 0 BASIS PTS/LIRA GETTING KILLED
10 YR UK BOND YIELD: 4.553 UP 5 PTS
30 YR UK BOND YIELD: 5.385 UP 5 BASIS PTS
10 YR CANADA BOND YIELD: 3.431 UP 2 BASIS PTS
5 YR CANADA BOND YIELD: 2.930 UP 2 BASIS PTS.
1a New York Opening report
Futures Flat, Erase Overnight Losses As Nervous Traders Brace For Key Week
by Tyler Durden
Monday, Feb 09, 2026 – 08:34 AM
S&P futures are unchanged, erasing all overnight losses, extending last week’s choppy price action focused on AI repercussions; Nasdaq 100 futures underperform slightly ahead of an important week that has both the January jobs and CPI report on deck (at least the firehose of earnings is slowing down). As of 8:15am ET, S&P futures are unchanged, and Nasdaq futures dip 0.2% with tech the biggest laggard as Semis come back under pressure and Mag7 names are all weaker. The yield on 10-year Treasuries rose three basis points to 4.24% after BBG reported that China tells state and local banks to limit/reduce Treasury exposure (does not affect Federal holdings) which according to JPM may raise risk of a “Sell America” trade esp with Japan / APAC poised to rip in the near-term. The dollar dipped 0.3%, supporting gold and silver. Bitcoin slipped below $69,000. Commodities are big with precious metals and gasoline the upside standouts. Today’s macro data focus is on the NY Fed’s inflation expectations release.
In premarket trading, Mag 7 stocks are mixed (Microsoft +0.6%, Amazon +0.03%, Meta -0.1%, Tesla -0.1%, Alphabet -0.3%, Apple -0.1%, Nvidia -0.9%)
Cleveland-Cliffs (CLF) falls 3% after fourth-quarter adjusted Ebitda from the steel company missed the average analyst estimate.
Eli Lilly (LLY) rises 1% after agreeing to buy US biotech Orna Therapeutics Inc. for up to $2.4 billion in cash.
Hims & Hers Health (HIMS) tumbles 20% after the telehealth company said it will stop selling its recently launched copycat version of the new Wegovy weight-loss pill.
Kroger Co. (KR) is up 5% as the supermarket chain named Greg Foran as its chief executive officer. Foran led Walmart US for six years
Kyndryl Holdings (KD) sinks 40% after the information-technology services company spun off from IBM reported adjusted earnings per share for the third quarter that missed the average analyst estimate.
Li Auto’s ADRs (LI) fall 3% after JPMorgan downgraded the stock to underweight on a view that new EV models from five other carmakers are likely to pressure the Chinese auto firm’s sales this year.
Monday.com (MNDY) slumps 14% after the software company forecast revenue for the first quarter; the guidance missed the average analyst estimate.
SoFi Technologies (SOFI) gains 3% as Citizens upgrades the online personal finance company to market outperform.
Tegna Inc. (TGNA) rises 9% after President Donald Trump backed television broadcaster Nexstar Media Group’s proposed $3.5 billion acquisition of the company.
In corporate news, Nvidia-backed Firmus Technologies secured a $10-billion loan from a group including Blackstone-led funds to boost its data center rollout.
Stock futures are jittery after last week’s nosebleeding volatility while Treasuries fell after Chinese regulators urged banks to limit their holdings. It’s a big week for eco data, with delayed January releases for payrolls on Wednesday and CPI due Friday. Stocks will remain choppy, according to Goldman Sachs’ trading desk, with systematic strategies expected to be net sellers. A renewed decline could trigger about $33 billion of selling this week, they said, although that will likely be more than offset by a huge short squeeze after last week saw record short selling of single stocks.
“These moves also make people say, ‘Let me be a little bit more cautious than I had been” and wait for a better opportunity,” said Keith Lerner, chief investment officer at Truist Advisory Services.
The AI debate continues, with Deutsche Bank strategists noting significant rotation out of tech, while Morgan Stanley’s Mike Wilson sees opportunity in enablers and adopters. Tech stocks had been caught up in a rout due to worries over the billions of dollars being spent on AI. The release of a new automation tool from Anthropic PBC added to the pressure, as investors ditched stocks seen as vulnerable to AI disruption.
“Expect swings to continue until we have clearer visibility on the AI monetization, as well as the Fed’s rate path,” said Desmond Tjiang, chief investment officer for equities and multi-asset investment at BEA Union Investment.
The employment report this week is predicted to show payrolls rose 69k in January, which would be the best in four months. The report will also include an annual revision to the jobs count, which is expected to reveal a notable markdown to payrolls growth in the year through March 2025. CPI may be lukewarm due to prices of cars and medical commodities offsetting a spike in other core goods.
While the US is winning the AI race, “its markets are footing the bill,” write Bloomberg Intelligence strategists Gillian Wolff and Michael Casper. After recent volatility, US tech valuation premiums have narrowed to around 23% versus China and Taiwan tech. After a challenging week for stocks, with rising performance dispersion and single-stock volatility, global equity markets look primed for short-term consolidation, according to strategists at Citi.
In geopolitics, Iran’s President described US nuclear talks as a “step forward.” Bessent cited Chinese traders as a reason behind last week’s wild swings in the gold market. Japanese equities surged to fresh record highs on Monday after PM Sanae Takaichi’s party achieved a landslide victory.
Apollo, Becton Dickinson and Waters are among companies scheduled to report before the market open. Apollo’s AUM are likely to expand 25%, the most since 1Q 2021, helped by continued inflows growth. Earnings from Arch Capital and ON Semi are due later in the day.
The Stoxx 600 is up 0.2% as European stocks rise on Monday, lifted by Novo Nordisk A/S shares after a US competitor scrapped a copycat Wegovy weight-loss pill. Travel and leisure as well as banking shares outperform, while the personal care and retail sectors lag. Here are some of the biggest movers on Monday:
InPost shares jump as much as 14% after Advent, FedEx, A&R and PPF announced plans for a €15.60 share buyout.
Novo Nordisk shares surge as much as 8.6%, reversing some of last week’s plunge, after Hims & Hers Health Inc. pulled a copycat version of the new Wegovy weight-loss pill.
STMicro shares rise as much as 7% after Amazon deepened its ties with the Franco-Italian chipmaker to secure semiconductor technologies for its data centers.
Plus500 shares rise as much as 7.1% to a record high as the trading platform says its performance in FY26 is likely to be better than the market expects.
UniCredit shares gain as much as 6.5% after the Italian lender reported fourth-quarter net income that beat estimates, and said it plans to return about €50b to investors in next five years.
Coor Service Management shares rise as much as 14% in Stockholm, the steepest gain since December 2015, after newspaper Dagens Industri reports that six new owners have simultaneously built up almost identical holdings in the Swedish company.
DSM-Firmenich shares fall as much as 5.7% after the firm agreed to sell its animal nutrition and health business to CVC Capital Partners at a lower valuation than some analysts expected.
NatWest shares fall as much as 5.6% as the UK lender says no further buybacks are likely before 1H 2027 results after it agrees to buy wealth manager Evelyn Partners for an enterprise value of £2.7 billion.
Greggs shares drop as much as 6% after Jefferies downgraded the bakery chain to hold, noting that the uptake of weight-loss drugs was a headwind to the earnings outlook.
Ayvens shares fall as much as 3.7% after Oddo BHF cuts the French vehicle rental firm to neutral from outperform over a reset of used car sales results.
Eramet shares fell as much as 6.3% after the Financial Times reported that the French company suspended CFO Abel Martins-Alexandre last week, days after the board announced it had terminated the mandate of CEO Paulo Castellari.
Earier in the session, Asian stocks gained, as Japanese stocks rallied to a record and South Korea led a wider surge in technology shares. The MSCI Asia Pacific Index rose as much as 2.5% to a fresh high, with Japanese stocks leading gains after Prime Minister Sanae Takaichi’s ruling party achieved the biggest post-war victory for a single party in a general election. Korean stocks also surged by more than 4% following report that Samsung Electronics will start mass production of HBM4 chips after the Lunar New Year holiday. Stocks also traded higher in Taiwan, China and Hong Kong. The renewed optimism comes as a relief after Asia’s benchmark index posted its first weekly loss in seven. Meanwhile in Japan, Takaichi’s win is expected to benefit sectors including AI, semiconductors and defense on her expansionary fiscal policies. The yen strengthened away from levels seen as a danger zone for intervention. In Thailand, stocks surged as much as 4% to the highest levels since December 2024 after an election win by the ruling party paved the way for more policy clarity. Stocks also gained in India, Indonesia and Malaysia.
The ruling Liberal Democratic Party’s “historic victory gives Prime Minister Takaichi a stable majority, reducing coalition constraints and enabling decisive action on fiscal stimulus, AI, semiconductors, energy security, and strategic reforms,” said Marc Jocum, senior investment strategist at Global X Management. “Markets now have a clear fiscal policy runway through 2028 until the next election.”
In FX, the yen is gaining against the greenback in the wake of Japanese PM Sanae Takaichi’s election victory. Expect this kneejerk reversal, which may have had some help from local authorities to unwind soon. The Bloomberg Dollar Spot index is down 0.2%. While the pound has picked up, it remains near the bottom of the G-10 pile amid a UK political risk premium. This is also being seen in other UK assets with gilts down 35 ticks versus losses of 13 ticks for bunds.
In rates, treasuries are mixed, tracking a curve-steepening gilt selloff following the resignation of a second senior aide to Prime Minister Keir Starmer.US long-end yields are 2bp-3bp higher on the day with shorter maturities little changed, widening 2s10s and 5s30s spreads by about 2bp, triggered by a Bloomberg report noting that China directed banks to limit holdings of US Treasuries. The bond market is also trying to figure out what a Warsh-led Fed will mean, particularly his call for a new accord with the Treasury Department. UK long-end tenors are about 3bp cheaper on the day, steepening its 2s10s curve by 3bp. The delayed January jobs report is ahead on Wednesday and quarterly new-issue auctions start Tuesday. Treasury coupon auctions resume Tuesday with 3-year notes, followed by 10- and 30-year new issues, totaling $125 billion.
“There is no credible alternative as a global reserve asset at present,” said Geoff Yu, senior macro strategist at BNY. “Our holdings data indicates 72% of global sovereign bond allocations are in US Treasuries, with the euro zone at 11%. There is no comparison.”
Meanwhile, the Treasury is due to offer a combined $125 billion in three-, five- and 10-year debt.
“At least two cuts this year, maybe three cuts. Given the easing that we’ve already seen, I think the US economy probably will accelerate this year,” Paul Jackson, global market strategist at Invesco, told Bloomberg TV.
In commodities, precious metals are higher but off best levels with gold and silver showing respective gains of 0.9% and 2.7%. WTI crude futures have picked up throughout the European session, gaining 0.3%. Bitcoin is down 2.5% with selling picking up after slipping below the $70,000 level.
US economic calendar includes January New York Fed 1-year inflation expectations at 11am. Ahead this week are December retail sales and January employment and CPI.Fed speaker slate includes Waller (1:30pm), Miran (2:30pm, 5pm) and Bostic (3:15pm)
Market Snapshot
S&P 500 mini -0.1%,
Nasdaq 100 mini -0.2%,
Russell 2000 mini -0.1%
Stoxx Europe 600 little changed,
DAX little changed, CAC 40 -0.1%
10-year Treasury yield +3 basis points at 4.24%
VIX +0.8 points at 18.52
Bloomberg Dollar Index -0.1% at 1189.33
euro +0.3% at $1.1856
WTI crude little changed at $63.56/barrel
Top Overnight News
Democrats won’t pass the remaining DHS funding unless their demands to reform ICE are met, House Minority Leader Hakeem Jeffries told CNN. BBG
Kevin Warsh’s call for a new Fed-Treasury accord has stirred debate in the $30 trillion bond market, raising concerns over central bank independence and potential market volatility. BBG
Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility. BBG
Japanese stocks swept to all-time peaks while super-long bonds quickly reversed early weakness in an apparent vote of confidence in Prime Minister Sanae Takaichi’s “responsible, proactive” fiscal policy. BBG
Treasury Secretary Scott Bessent cited Chinese traders as a reason behind last week’s wild swings in the gold market. He said “They’re having to tighten margin requirements. So gold looks to me kind of like a classical, speculative blowoff.” Bessent expects the Federal Reserve to move cautiously in any effort to trim its balance sheet, and to take at least a year to decide what to do. RTRS
Thailand’s ruling party clinched a surprise election win over the pro-democracy People’s Party. PM Anutin Charnvirakul’s victory marks the first this century for a party aligned with the royalist establishment. Thai stocks and currency rose. BBG
UK PM Keir Starmer is battling to save his premiership after the dramatic resignation on Sunday of his most trusted aide Morgan McSweeney, as Labour MPs and officials warn that his job is still in grave peril. FT
The ECB’s Gediminas Simkus said there’s an equal chance that policymakers’ next move will be to raise or lower borrowing costs. BBG
Big Tech’s AI push and data center building being financed by some of the world’s biggest companies in the AI boom is becoming one of the most momentous capital efforts in US history (as a percentage of GDP). It’s bigger than the railroad expansion of the 1850s, the Apollo space program that put astronauts on the moon in the 1960s and the decadeslong build-out of the U.S. interstate highway system that ended in the 1970s. WSJ
Trump posted “Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the United States Supreme Court is watching”.
Trade/Tariffs
Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reported citing sources. Within the order, it stated that India has committed to stop directly or indirectly importing Russian oil or import tariffs will be raised.
South Korea’s legislature approves creation of special US investment committee.
Australia has imposed 10% tariffs on China’s steel ceiling frames, following an investigation by the nation’s Anti-Dumping Commission, according to Bloomberg.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks began the week higher after last Friday’s rally on Wall St, where the DJIA topped the 50k level for the first time, while the Nikkei 225 also hit a fresh record high after PM Takaichi’s landslide election victory and supermajority. ASX 200 rallied with all sectors in the green and the advances being led by broad strength in tech, real estate, miners, materials and resources. Nikkei 225 rose to fresh record highs above the 57,000 level after the Japanese PM Takaichi’s LDP won a supermajority in the lower house election, which would allow it to override the upper house in legislation, while the decisive win paves the way for the government to proc eed with further stimulus and a sales tax cut. Hang Seng and Shanghai Comp conformed to the widespread upbeat mood across the region, while it was also reported late last week that China’s Cabinet studied measures to promote effective investment and pledged to boost support for private investment.
Top Asian News
Japan’s PM Takaichi said that she has received strong mandate for her policies, following the election. Confirms a swift restart of of parliamentary session. Discussions on refundable tax credit will commence. Will not resort to debt to fund the suspension of food sales tax. Will summit bill to establish national information and committee on foreign investment in the next parliament. Want to pursue a coalition expansion with the DPP if they are keen to do so. Want to lay out interim finding at cross-party meeting on food sales tax suspension by around summer this year. Closely watching market moves, including FX.
Japanese PM Takaichi said the potential of our alliance with the US is limitless and she is sincerely grateful to US President Trump for his warm words.
US President Trump congratulates Japanese PM Takaichi and her coalition on a landslide election victory.
Japanese Finance Minister Katayama said will not comment on FX levels, but noted that recent yen moves are somewhat rapid and one-sided.
Hong Kong court sentences media tycoon Jimmy Lai to 20 years in jail.
Japan’s top currency diplomat Mimura said closely watching FX moves with a high urgency.
European bourses (STOXX 600 +0.2%) are firmer across the board, as strength across APAC equities filters through into Europe. European sectors hold a positive bias. Travel & Leisure leads, followed closely by Healthcare and Banks whilst Optimised Personal Care and Retail lags. Healthcare is buoyed by gains in Novo Nordisk (+8.3%), which benefits after Hims & Hers said it will stop selling a copycat version of Novo Nordisk’s Wegovy weight-loss pill two days after launch.
Top European News
Norwegian GDP Growth Rate YoY (Q4) Y/Y 2.2% (Prev. 2.1%).
Norwegian PPI YoY (Jan) Y/Y -7.8% (Prev. -11.4%).
Norwegian GDP Growth Mainland QoQ (Q4) Q/Q 0.4% vs. Exp. 0.4% (Prev. 0.1%).
Norwegian GDP Growth Rate QoQ (Q4) Q/Q -0.3% (Prev. 1.1%).
FX
DXY is on the backfoot and trades at the bottom end of a 97.33-97.76 range; further pressure could see a test of last week’s trough at 97.00. Much of the pressure this morning can be associated with JPY strength (post-election, discussed below) and following a Bloomberg report which noted that China is urging banks to curb US Treasuries exposure amid market risk – whilst this piece pertains to USTs, it renews fears of a “sell America” theme. US data is lacking for the remainder of the day, so focus will be on Fed speak via Waller, Miran and Bostic. Note: Waller is to discuss “digital assets”, markets know what they expect from arch-dove Miran, and Bostic is set to retire. The docket picks up later in the week, where markets will await US NFP (Wed) and then CPI (Fri); as a reminder, recent jobs metrics have been pointing towards a weakening of the labour market.
JPY is amongst the outperformers this morning. USD/JPY initially gapped higher at the open (157.47), edged lower a few moments later, before reversing back to highs of 157.65. Since, the JPY has been strengthening vs the USD, potentially on a) high expectations of an LDP victory, b) higher JGB yields, c) jaw-boning via Finance Minister Katayama, d) political stability, e) odds of a BoJ hike in April rising to circa. 60% (prev. 54%). For the latter, analysts at Barclays believe that LDP’s landslide victory may allow the BoJ to proceed with normalisation “somewhat” faster. As such, the bank brought forward its expectations of a 25bps hike to April (prev. saw July), and increased its terminal forecast to 1.5% (prev. 1.25%). This morning, PM Takaichi has provided commentary, has reiterated her vows of fiscal stability, noting that she “will not resort to debt to fund the suspension of food sales tax” – another factor which is likely helping the strength in the JPY this morning. [More details can be found on the Newsquawk headline feed at 07:40GMT/02:40ET]
G10s are broadly stronger against the USD, with JPY, AUD, EUR, and CHF all firmer by around 0.5%. GBP is the laggard this morning, as domestic political woes remain for the PM. On Sunday, Chief of Staff McSweeney resigned from his role following the Mandelson scandal. Irrespective of this, risks remain, as members of the Cabinet are potentially set to call for the PM to resign, and if he doesn’t, they will possibly step down themselves.
Fixed Income
JGBs gapped lower by 30 ticks from 131.42 to 131.12 at the open, and then continued to trundle lower to a 131.10 trough; there was then a brief bounce overnight, before gradually declining back to the APAC low. Action today can be characterised by concern around potential increased spending and fiscal instability fears, but overall, the response to Takaichi’s LDP securing a super majority has been within recent levels – see the 07:40GMT post for more details and next steps.
USTs are lower, given the above initially. More recently, pressure is a function of a Bloomberg report that China has urged banks to diversify exposure to US Treasuries amid heightened market risk, guidance that reportedly does not apply to state holdings. A report that pushed USTs to a 111-26 low. Fed speak ahead, though the individuals scheduled are, on face value, not particularly interesting. Reminder, the week ahead has NFP on Wednesday and CPI on Friday.
Bunds followed the above. Interestingly, while they were initially hit by the Bloomberg report, the benchmark bounced off a 128.03 trough in short order. As the report is, potentially, a net-positive for EGBs long-term, as Chinese banks have to reposition their holdings.
Gilts hit on the ongoing Mandelson/McSweeney fallout. In brief, while McSweeney has resigned, the pressure around Starmer hasn’t abated. Action that saw Gilts gap lower by 42 ticks before slipping another two to a 90.21 base. Since, the benchmark has rebounded by around 30 ticks, but remains in the red by some 10 ticks. The Spectator highlights that some ministers are concerned that Starmer could stand down at any moment. More likely, we could see Cabinet Ministers, privately initially and then possibly publicly, call for the PM to resign, and then they themselves may resign from Starmer’s cabinet if he does not comply.
China is reportedly urging banks to curb US Treasuries exposure amid market risk, Bloomberg reported citing sources; guidance does not apply to China’s state holdings of US Treasuries.
Commodities
WTI and Brent gapped lower but then traded with an upward bias as the morning progressed, to currently trade flat; Brent now trading around USD 68.20/bbl, with a recent bid higher led reports that Qatar is pushing the start of its LNG expansion to the end of 2026. US-Iran meetings last week lacked a material outcome, with the pair agreeing to further talks. For the next meeting, the Trump administration has told Iran to arrive with meaningful substance, following the “good meeting” on Friday.
Precious metals have continued Friday’s rebound, with spot gold regaining the USD 5k/oz handle. Over the weekend, the PBoC announced its 15th straight month of gold buying, which reinforces the key structural driver of major central bank buying of the gold bullion. The dollar has also weakened at the start of the European session, weighed on by the Bloomberg report that China is urging banks to limit USTs exposure. Silver has gradually bid higher as European trade continues, returning back above USD 80/oz and briefly topping above USD 82/oz.
3M LME Copper gapped higher but trades muted in a USD 13.02k-13.14k/t band, heading into the Chinese New Year celebrations.
US Energy Secretary Wright intends to visit Venezuela soon to discuss the future of PDVSA, Politico reported; focussed on improving the management of the Co. Expects Venezuela to hold elections in 18-24 months.
Vitol Group forecasts peak oil demand to be pushed back to the mid-2030s, with peak demand reaching around 112mln bpd.
New Zealand energy minister said has shortlisted proposals related to building a first LNG import plant and facility could be operational by 2027 or early 2028.
Qatar reportedly pushes the start of its LNG expansion to the end of 2026.
Central Banks
ECB’s Kocher said that inflation expectations are fully anchored and FX movements are factored in; Europe must prepare for a greater financial safe haven role. Policy is appropriate and it would require a change in the environment to change current policy stance.
ECB’s Simkus said there’s a 50/50 chance that their next move is a hike or cut; rates are at neutral level with growth near potential. Economic environment is fragile.
Geopolitics: Ukraine
Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reported citing sources. Within the order, it stated that India has committed to stop directly or indirectly importing Russian oil or import tariffs will be raised.
Russia’s FSB said an attempted assassination of General Alexeyev was ordered by Ukraine with Poland’s participation, according to Interfax.
US reportedly aims for a March peace deal in Ukraine, followed by quick elections, according to reported.
Geopolitics: Middle East
Iran’s advisor to Supreme Leader is to visit Oman on Tuesday, Tasnim reported.
Iranian Parliament Speaker said they discussed defence and security in a secret session.
CRYPTO
Bitcoin is on the backfoot and trades around USD 69k, whilst Ethereum remains just above the USD 2k mark.
US Event Calendar
1 b European opening report
US stocks reverse earlier gains, JPY bid following PM Takaichi’s landslide victory, USTs hit on China report – Newsquawk US Market Open
Monday, Feb 09, 2026 – 06:12 AM
China is reportedly urging banks to curb USTs exposure amid market risk, Bloomberg reports, citing sources; guidance does not apply to China’s state holdings of US Treasuries.
Japanese PM Takaichi’s LDP party won a landslide victory at the snap election on Sunday, securing a super majority; JPY bid, JGBs lower and Nikkei 225 soars.
European bourses are broadly firmer, whilst US equity futures move lower; Nikkei 225 soars post-LDP victory.
USD hit on China-USTs report, JPY strengthens post-LDP, whilst GBP lags on regional political woes.
JGBs set a bearish tone for global fixed income, with USTs also dragged on the China-USTs report; Gilts digest the McSweeney resignation and reports that PM Starmer faces further pressure to resign.
WTI and Brent are flat. Precious metals continue to rebound as the PBoC buys gold for a 15th consecutive month.
Looking ahead, highlights include US Consumer Inflation Expectations (Jan), BoC Market Participants Survey. Speakers include ECB’s Lane & Lagarde, Fed’s Waller & Bostic, Earnings from Apollo, Becton Dickinson, Loews, On Semiconductor & Cleveland-Cliffs.
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
EUROPEAN TRADE
EQUITIES
European bourses (STOXX 600 +0.2%) are firmer across the board, as strength across APAC equities filters through into Europe.
European sectors hold a positive bias. Travel & Leisure leads, followed closely by Healthcare and Banks whilst Optimised Personal Care and Retail lags. Healthcare is buoyed by gains in Novo Nordisk (+8.3%), which benefits after Hims & Hers said it will stop selling a copycat version of Novo Nordisk’s Wegovy weight-loss pill two days after launch.
US equity futures (ES -0.2% NQ -0.4% RTY U/C) are broadly lower, but with underperformance in the NQ. The data docket is lacking today, but focus will be on a few Fed speakers dotted throughout the day.
DXY is on the backfoot and trades at the bottom end of a 97.33-97.76 range; further pressure could see a test of last week’s trough at 97.00. Much of the pressure this morning can be associated with JPY strength (post-election, discussed below) and following a Bloomberg report which noted that China is urging banks to curb US Treasuries exposure amid market risk – whilst this piece pertains to USTs, it renews fears of a “sell America” theme. US data is lacking for the remainder of the day, so focus will be on Fed speak via Waller, Miran and Bostic. Note: Waller is to discuss “digital assets”, markets know what they expect from arch-dove Miran, and Bostic is set to retire. The docket picks up later in the week, where markets will await US NFP (Wed) and then CPI (Fri); as a reminder, recent jobs metrics have been pointing towards a weakening of the labour market.
JPY is amongst the outperformers this morning. USD/JPY initially gapped higher at the open (157.47), edged lower a few moments later, before reversing back to highs of 157.65. Since, the JPY has been strengthening vs the USD, potentially on a) high expectations of an LDP victory, b) higher JGB yields, c) jaw-boning via Finance Minister Katayama, d) political stability, e) odds of a BoJ hike in April rising to circa. 60% (prev. 54%). For the latter, analysts at Barclays believe that LDP’s landslide victory may allow the BoJ to proceed with normalisation “somewhat” faster. As such, the bank brought forward its expectations of a 25bps hike to April (prev. saw July), and increased its terminal forecast to 1.5% (prev. 1.25%). This morning, PM Takaichi has provided commentary, has reiterated her vows of fiscal stability, noting that she “will not resort to debt to fund the suspension of food sales tax” – another factor which is likely helping the strength in the JPY this morning. [More details can be found on the Newsquawk headline feed at 07:40GMT/02:40ET]
G10s are broadly stronger against the USD, with JPY, AUD, EUR, and CHF all firmer by around 0.5%. GBP is the laggard this morning, as domestic political woes remain for the PM. On Sunday, Chief of Staff McSweeney resigned from his role following the Mandelson scandal. Irrespective of this, risks remain, as members of the Cabinet are potentially set to call for the PM to resign, and if he doesn’t, they will possibly step down themselves.
FIXED INCOME
JGBs gapped lower by 30 ticks from 131.42 to 131.12 at the open, and then continued to trundle lower to a 131.10 trough; there was then a brief bounce overnight, before gradually declining back to the APAC low. Action today can be characterised by concern around potential increased spending and fiscal instability fears, but overall, the response to Takaichi’s LDP securing a super majority has been within recent levels – see the 07:40GMT post for more details and next steps.
USTs are lower, given the above initially. More recently, pressure is a function of a Bloomberg report that China has urged banks to diversify exposure to US Treasuries amid heightened market risk, guidance that reportedly does not apply to state holdings. A report that pushed USTs to a 111-26 low. Fed speak ahead, though the individuals scheduled are, on face value, not particularly interesting. Reminder, the week ahead has NFP on Wednesday and CPI on Friday.
Bunds followed the above. Interestingly, while they were initially hit by the Bloomberg report, the benchmark bounced off a 128.03 trough in short order. As the report is, potentially, a net-positive for EGBs long-term, as Chinese banks have to reposition their holdings.
Gilts hit on the ongoing Mandelson/McSweeney fallout. In brief, while McSweeney has resigned, the pressure around Starmer hasn’t abated. Action that saw Gilts gap lower by 42 ticks before slipping another two to a 90.21 base. Since, the benchmark has rebounded by around 30 ticks, but remains in the red by some 10 ticks. The Spectator highlights that some ministers are concerned that Starmer could stand down at any moment. More likely, we could see Cabinet Ministers, privately initially and then possibly publicly, call for the PM to resign, and then they themselves may resign from Starmer’s cabinet if he does not comply.
China is reportedly urging banks to curb US Treasuries exposure amid market risk, Bloomberg reported citing sources; guidance does not apply to China’s state holdings of US Treasuries.
COMMODITIES
WTI and Brent gapped lower but then traded with an upward bias as the morning progressed, to currently trade flat; Brent now trading around USD 68.20/bbl, with a recent bid higher led reports that Qatar is pushing the start of its LNG expansion to the end of 2026. US-Iran meetings last week lacked a material outcome, with the pair agreeing to further talks. For the next meeting, the Trump administration has told Iran to arrive with meaningful substance, following the “good meeting” on Friday.
Precious metals have continued Friday’s rebound, with spot gold regaining the USD 5k/oz handle. Over the weekend, the PBoC announced its 15th straight month of gold buying, which reinforces the key structural driver of major central bank buying of the gold bullion. The dollar has also weakened at the start of the European session, weighed on by the Bloomberg report that China is urging banks to limit USTs exposure. Silver has gradually bid higher as European trade continues, returning back above USD 80/oz and briefly topping above USD 82/oz.
3M LME Copper gapped higher but trades muted in a USD 13.02k-13.14k/t band, heading into the Chinese New Year celebrations.
US Energy Secretary Wright intends to visit Venezuela soon to discuss the future of PDVSA, Politico reported; focussed on improving the management of the Co. Expects Venezuela to hold elections in 18-24 months.
Vitol Group forecasts peak oil demand to be pushed back to the mid-2030s, with peak demand reaching around 112mln bpd.
New Zealand energy minister said has shortlisted proposals related to building a first LNG import plant and facility could be operational by 2027 or early 2028.
Qatar reportedly pushes the start of its LNG expansion to the end of 2026.
TRADE/TARIFFS
Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reported citing sources. Within the order, it stated that India has committed to stop directly or indirectly importing Russian oil or import tariffs will be raised.
South Korea’s legislature approves creation of special US investment committee.
Australia has imposed 10% tariffs on China’s steel ceiling frames, following an investigation by the nation’s Anti-Dumping Commission, according to Bloomberg.
NOTABLE EUROPEAN DATA RECAP
EZ Sentix Investor Confidence Index (Feb) 4.2 vs exp. 0 (prev. -1.8).
Norwegian GDP Growth Rate YoY (Q4) Y/Y 2.2% (Prev. 2.1%).
Norwegian PPI YoY (Jan) Y/Y -7.8% (Prev. -11.4%).
Norwegian GDP Growth Mainland QoQ (Q4) Q/Q 0.4% vs. Exp. 0.4% (Prev. 0.1%).
Norwegian GDP Growth Rate QoQ (Q4) Q/Q -0.3% (Prev. 1.1%).
CENTRAL BANKS
ECB’s Kocher said that inflation expectations are fully anchored and FX movements are factored in; Europe must prepare for a greater financial safe haven role. Policy is appropriate and it would require a change in the environment to change current policy stance.
ECB’s Simkus said there’s a 50/50 chance that their next move is a hike or cut; rates are at neutral level with growth near potential. Economic environment is fragile.
NOTABLE US EQUITY HEADLINES
EU Commission has notified Meta (META) of possible interim measures to reverse exclusion of third-party AI assistants from WhatsApp.
US President Trump posted “Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the United States Supreme Court is watching”.
US President Trump signs executive action on increasing certain types if beef imports.
GEOPOLITICS
RUSSIA-UKRAINE
Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reported citing sources. Within the order, it stated that India has committed to stop directly or indirectly importing Russian oil or import tariffs will be raised.
Russia’s FSB said an attempted assassination of General Alexeyev was ordered by Ukraine with Poland’s participation, according to Interfax.
US reportedly aims for a March peace deal in Ukraine, followed by quick elections, according to reported.
MIDDLE EAST
Iran’s advisor to Supreme Leader is to visit Oman on Tuesday, Tasnim reported.
Iranian Parliament Speaker said they discussed defence and security in a secret session.
CRYPTO
Bitcoin is on the backfoot and trades around USD 69k, whilst Ethereum remains just above the USD 2k mark.
APAC TRADE
APAC stocks began the week higher after last Friday’s rally on Wall St, where the DJIA topped the 50k level for the first time, while the Nikkei 225 also hit a fresh record high after PM Takaichi’s landslide election victory and supermajority.
ASX 200 rallied with all sectors in the green and the advances being led by broad strength in tech, real estate, miners, materials and resources.
Nikkei 225 rose to fresh record highs above the 57,000 level after the Japanese PM Takaichi’s LDP won a supermajority in the lower house election, which would allow it to override the upper house in legislation, while the decisive win paves the way for the government to proceed with further stimulus and a sales tax cut.
Hang Seng and Shanghai Comp conformed to the widespread upbeat mood across the region, while it was also reported late last week that China’s Cabinet studied measures to promote effective investment and pledged to boost support for private investment.
NOTABLE ASIA-PAC HEADLINES
Japan’s PM Takaichi said that she has received strong mandate for her policies, following the election. Confirms a swift restart of of parliamentary session. Discussions on refundable tax credit will commence. Will not resort to debt to fund the suspension of food sales tax. Will summit bill to establish national information and committee on foreign investment in the next parliament. Want to pursue a coalition expansion with the DPP if they are keen to do so. Want to lay out interim finding at cross-party meeting on food sales tax suspension by around summer this year. Closely watching market moves, including FX.
Japanese PM Takaichi said the potential of our alliance with the US is limitless and she is sincerely grateful to US President Trump for his warm words.
US President Trump congratulates Japanese PM Takaichi and her coalition on a landslide election victory.
Japanese Finance Minister Katayama said will not comment on FX levels, but noted that recent yen moves are somewhat rapid and one-sided.
Hong Kong court sentences media tycoon Jimmy Lai to 20 years in jail.
Japan’s top currency diplomat Mimura said closely watching FX moves with a high urgency.
NOTABLE APAC DATA RECAP
Japanese Eco Watchers Survey Outlook (Jan) 50.1. (Prev. 49.5., Rev. From 50.5.).
Japanese Eco Watchers Survey Current (Jan) 47.6 vs. Exp. 49.1 (Prev. 48.6).
Japanese 6-Month Bill Auction 0.8484% (Prev. 0.7697%).
Japanese Current Account (Dec) 729B vs. Exp. 1060B (Prev. 3674B).
Japanese Bank Lending YoY (Jan) Y/Y 4.5% vs. Exp. 4.5% (Prev. 4.4%).
Japanese Overtime Pay YoY (Dec) Y/Y 0.9% (Prev. 1.2%).
Japanese Average Cash Earnings YoY (Dec) Y/Y 2.4% vs. Exp. 3.0% (Prev. 0.5%).
Japanese Real Cash Earnings YY (Jan) -0.1% vs Exp. 0.8% (Prev. -1.6%, Rev. from -2.8%).
Australian Household Spending YoY (Dec) Y/Y 5.0% (Prev. 6.3%).
Australian Household Spending MoM (Dec) M/M -0.4% vs. Exp. 0.2% (Prev. 1.0%).
Chinese Foreign Exchange Reserves (Jan) 3.399T (Prev. 3.358T).
1 c) Asian opening report
Stocks boosted by PM Takaichi’s landslide election victory; JGBs slipped while JPY strengthens – Newsquawk EU Market Open
Monday, Feb 09, 2026 – 01:56 AM
APAC stocks began the week higher after last Friday’s rally on Wall St, where the DJIA topped the 50k level for the first time.
The Nikkei 225 also hit a fresh record high after PM Takaichi’s landslide election victory and supermajority.
China is reportedly urging banks to curb US Treasuries exposure amid market risk, Bloomberg reports, citing sources; guidance does not apply to China’s state holdings of US Treasuries.
European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed higher by 1.2% on Friday.
Highlights include Swiss Consumer Confidence (Jan), Norwegian GDP (Q4), Mexican Inflation (Jan), US Consumer Inflation Expectations (Jan), BoC Market Participants Survey. Speakers include ECB’s Lane & Lagarde, Fed’s Waller & Bostic, Earnings from Apollo, Becton Dickinson, Loews, On Semiconductor & Cleveland-Cliffs.
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
US TRADE
EQUITIES
US stocks surged on Friday to recoup some of the recent losses with gains led by Tech and Industrials, while semiconductors surged, which were largely seen as a beneficiary of the hikes in CapEx plans from tech behemoths. However, it was the Russell that outperformed, followed by the Dow, which crossed 50k for the first time. Conversely, mega caps Google, Meta and Amazon underperformed on Friday, which weighed on the Communication and Consumer Discretionary sector.
SPX +1.90% at 6,927, NDX +2.15% at 25,076, DJI +2.52% at 50,140, RUT +3.53% at 2,669.
US and India announced on Friday that they reached a framework for an interim agreement regarding reciprocal and mutually beneficial trade, in which India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, while the US will apply a reciprocal tariff rate of 18% and will remove tariffs on certain aircraft and aircraft parts. India and the US will significantly increase trade in technology products, and India intends to purchase USD 500bln of US energy products, aircraft and aircraft parts, precious metals, technology products and coking coal over the next five years. Furthermore, India agreed to eliminate restrictive import licencing procedures that delay market access for, or impose quantitative restrictions on, US ICT goods.
US President Trump said he had a very important meeting with the President of Honduras, while they discussed many other issues, including investment and trade between the two countries.
China warned a US arms deal for Taiwan could jeopardise US President Trump’s state visit to China in April.
Australia imposed 10% tariffs on China’s steel ceiling frames, following an antidumping investigation.
China is reportedly urging banks to curb US Treasuries exposure amid market risk, Bloomberg reports; guidance does not apply to China’s state holdings of US Treasuries.
NOTABLE HEADLINES
US President Trump posted “Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the United States Supreme Court is watching”.
Fed Vice Chair Jefferson (voter) said on Friday that current monetary policy is well-positioned to deal with what likely lies ahead, and future Fed moves will be driven by data and views on the outlook. Jefferson also said that policy is roughly in a neutral stance and that the stance allows ‘leeway’ for the supply side of the economy to develop, while he also commented that he does not want to see any more weakening in the labour market.
Fed’s Daly (2027 voter) said on Friday that she keeps a ‘very open mind’ on interest rates and leans towards more rate cuts in 2026, but added it is hard to note if that’s one cut or two. Daly stated that she supported the Fed’s decision last week to hold rates steady, but thought that a case could have been made for a cut, while she added that to cut, you’d need to be more confident on inflation, or see the labour market as more challenged than the data currently shows.
US House Minority Leader Jeffries said Democrats won’t pass the remaining government funding for the Department of Homeland Security without ICE reforms.
APAC TRADE
EQUITIES
APAC stocks began the week higher after last Friday’s rally on Wall St, where the DJIA topped the 50k level for the first time, while the Nikkei 225 also hit a fresh record high after PM Takaichi’s landslide election victory and supermajority.
ASX 200 rallied with all sectors in the green and the advances being led by broad strength in tech, real estate, miners, materials and resources.
Nikkei 225 rose to fresh record highs above the 57,000 level after the Japanese PM Takaichi’s LDP won a supermajority in the lower house election, which would allow it to override the upper house in legislation, while the decisive win paves the way for the government to proceed with further stimulus and a sales tax cut.
Hang Seng and Shanghai Comp conformed to the widespread upbeat mood across the region, while it was also reported late last week that China’s Cabinet studied measures to promote effective investment and pledged to boost support for private investment.
US equity futures kept afloat after rallying on Friday amid a recovery in tech and risk assets.
European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed higher by 1.2% on Friday.
FX
DXY marginally softened in rangebound trade amid light pertinent catalysts from over the weekend and with key releases from the US scheduled later this week, including the NFP and CPI data. Nonetheless, there were some comments from Fed officials on Friday, including from Vice Chair Jefferson, who said current monetary policy is well-positioned to deal with what likely lies ahead, and future Fed moves will be driven by data and views on the outlook.
EUR/USD eked slight gains after returning to the 1.1800 handle late last week, but with further upside capped by a lack of drivers from the bloc, while comments over the weekend from ECB’s Cipollone did little to spur price action.
GBP/USD struggled for direction with price action stuck around the 1.3600 level amid further political headwinds for UK PM Starmer’s premiership after his chief of staff, Morgan McSweeney, resigned due to the Mandelson scandal.
USD/JPY swung between gains and losses with initial advances seen after Japanese PM Takaichi’s landslide election victory, with the LDP seen winning a supermajority. However, the pair then wiped out its gains, given that the election win was highly anticipated, and as JGB yields climbed on the likelihood of future stimulus.
Antipodeans kept afloat amid the constructive mood, but with upside limited in the absence of tier-1 data.
PBoC set USD/CNY mid-point at 6.9523 vs exp. 6.9334 (Prev. 6.9590)
FIXED INCOME
10yr UST futures remained lacklustre after trickling lower on Friday and with little fresh drivers for the US, while participants await this week’s key releases, including the delayed January NFP report and US CPI data.
Bund futures lacked demand in the absence of any major catalysts from the bloc and with ECB speakers ahead.
10yr JGB futures retreated following Japanese PM Takaichi’s landslide election victory, which paves the way for additional stimulus, while she also stated that they will speed up consideration for sales tax cuts.
COMMODITIES
Crude futures declined at the open following last week’s US-Iran talks, which Iran’s Foreign Minister described as a ‘good beginning’ and with talks set to continue early this week.
Spot gold resumed last Friday’s rebound and briefly returned to above the USD 5,000/oz level amid a softer dollar, while recent data showed the PBoC increased its gold reserves for a 15th consecutive month.
PBoC increased its gold holdings for a 15th consecutive month in January, with China’s gold holdings climbing to 74.19mln fine troy ounces (prev. 74.15mln M/M).
Copper futures were indecisive and wiped out most of the initial gains despite the heightened risk appetite.
US Treasury Secretary Bessent said Chinese traders were the cause of the wild swings in the gold market last week and that China are having to tighten margin requirements.
Australia shut major iron ore ports as Tropical Cyclone Mitchell approached.
CRYPTO
Bitcoin gradually climbed higher overnight and briefly returned to above the USD 71,000 level.
NOTABLE ASIA-PAC HEADLINES
Japanese PM Takaichi’s LDP party won a landslide victory at the snap election on Sunday as NHK exit polls showed the party alone was set for a majority with 274-328 seats and the coalition (LDP + Ishin) could win 302-366 seats in the 465-seat lower house, while a super majority of at least 310 seats would allow them to bypass or override the upper house on legislation. It was later reported that results showed the LDP had won 316 seats and, with its coalition partner Ishin, had won a total of 352 seats.
Japanese PM Takaichi said they will speed up consideration for sales tax cuts and will submit the bill if the government council approves the sales tax cut, while she reiterated that a weak yen has both merits and demerits, and noted her goal is to build a resilient country against forex swings. Furthermore, she said they will continue with responsible, proactive fiscal policy and reiterated to place importance on fiscal sustainability, as well as noted that she is thinking of making major changes to the current cabinet.
Thailand’s incumbent PM Anutin’s Bhumjaithai Party is ahead in the preliminary counts after the election with 194 seats out of the 550 seats in the House of Representatives, while the People’s Party is in second place with currently around 116 seats and the Pheu Thai Party is in third place with about 76 seats, while no party is likely to achieve a majority in the three-way battle.
DATA RECAP
Japanese Average Cash Earnings YoY (Dec) Y/Y 2.4% vs. Exp. 3.0% (Prev. 0.5%)
Japanese Real Cash Earnings YY (Jan) -0.1% vs Exp. 0.8% (Prev. -1.6%, Rev. from -2.8%)
GEOPOLITICS
MIDDLE EAST
US President Trump said a deal can be reached with Iran and that they have plenty of time, while he stated that a deal on just the nuclear issue would be acceptable, and that the US is going to meet with Iran again early next week.
Israeli PM Netanyahu is to meet with US President Trump on February 11th and discuss Iran.
RUSSIA-UKRAINE
US President Trump said something could be happening with Ukraine and Russia.
US President Trump signed executive orders on Friday titled “Modifying Duties to Address Threats to the United States by the Government of the Russian Federation”, and “Addressing Threats to the United States by the Government of Iran”, while he also signed an executive order for “Establishing an America First Arms Transfer Strategy”
Ukrainian President Zelensky said the US is seeking a deal to end Russia’s war by June, while he added the next round of trilateral talks will be in about a week and that the idea of a trilateral leaders’ summit to discuss difficult issues was raised.
Ukraine conducted emergency power cuts for much of the country following Russian drone and missile attacks on major energy facilities.
EU/UK
NOTABLE HEADLINES
UK PM Starmer is battling to stay in post as pressure mounts for him to resign, following the departure of his chief of staff Morgan McSweeney amid the Peter Mandelson scandal.
ECB’s Cipollone said the central bank will assess the effect of the euro strength on consumer inflation in the quarterly forecasts due next month.
Portugal elected Socialist Party’s Antonio Jose Seguro as president in a run-off vote.
S&P affirmed Denmark at ‘AAA’; outlook stable.
2.a NORTH KOREA/SOUTH KOREA/JAPAN
SOUTH KOREA/USA
2 b JAPAN
3. CHINA
China Tells Banks To Limit Exposure To US Treasuries, But To Some This Is “Hardly An Issue At All”
Monday, Feb 09, 2026 – 10:55 AM
Treasury yields hit session highs shortly after midnight ET, when Bloomberg reported that Chinese regulators had advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility.
Citing anonymous “people familiar with the matter” Bloonberg added that officials urged banks to limit purchases of US government bonds and instructed those with high exposure to pare down their positions. The directive doesn’t apply to China’s state holdings of US Treasuries.
Communicated verbally to some of the nation’s biggest banks in recent weeks, the guidance reflects growing wariness among officials that large holdings of US government debt may expose banks to sharp swing . The worries echo those made by governments and fund managers elsewhere amid a brewing debate over the safe haven status of US debt and the appeal of the dollar.
The move, which otherwise would have been seen as a clear escalation in the US-China trade war, was framed around “diversifying market risk” rather than anything to do with geopolitical maneuvering or a fundamental loss of confidence in US creditworthiness, the sources said, adding that officials didn’t given any specific target on size or timing. While significant tensions remain between Beijing and Washington, relations have steadied in the wake of a trade truce last year.
Treasuries slipped on the news, with yields edging higher across maturities in Asian afternoon trading. The dollar weakened slightly against major peers.
According to data from the State Administration of Foreign Exchange, Chinese banks held about $298 billion worth of dollar-denominated bonds as of September, It’s unclear how much of those were Treasuries.
Largely dismissing the report, Westpac’s Martin Whetton said that China’s holdings of US Treasuries peaked in 2017, and what’s left is small relative to the size of the overall market.Now at $682 billion, China’s holdings represent “hardly an issue at all,” says Martin Whetton, head of financial markets strategy.
“If you include Belgium and Luxembourg, which can be proxies for some of their holdings, you’d barely make it over $750 billion”, which actually is completely incorrect since Belgium alone holds $481 billion in TSYs, as shown below.
A lot of US debt will be held by China’s official institutions and is likely short-dated for liquidity reasons, Whetton said. “So what is left for the banks is small, and China doesn’t exactly set the Treasury market on fire at the monthly auctions”
Donald Trump, who held a phone call with Xi Jinping last week, plans to meet the Chinese leader at a presidential summit in Beijing as soon as April. The regulatory guidance to Chinese banks on Treasuries came before last week’s call, the people said.
China’s warning comes as global investors question Washington’s fiscal discipline. Concerns have mounted regarding Trump’s commitment to a strong dollar and the continued independence of the Federal Reserve. Last month, Deutsche Bank’s FX analyst George Saravelos warned that money managers in Europe could choose to trim their holdings in response to Trump’s threats on tariffs and the proposed acquisition of Greenland, a call which sparked an international scandal with Deutsche Bank washing its hands off his comments.
Still, Scott Bessent said last week that “despite the popular narrative,” the Treasuries market last year delivered its best performance since 2020 and saw record foreign demand at auctions.
For context, foreign holdings of US Treasuries rose to a record $9.4 trillion in November, more than $500 billion higher than a year earlier, according to the latest official data.
end
CHINA//USA
Robert H
The chess board is moving
Earlier today I wrote China was exiting Treasures. WHY?????
President Xi Jin Ping of China posted on social media at 1:00 AM this morning “We are liquidating every dollar in banks.” This means they are dumping about $680 Billion of U.S. Treasuries.
China basically ordered banks to totally cut U.S. Treasury exposure.
Why? Rumor mill is that Iran will be hit this week.
China also closed the door on all Crypto. Means likely over a trillion in dollar value liquidation. China is putting up the rails to isolate itself from America.
When elephants dance in a china shop it is wise to stay out.
Interest rates are sure to rise; banks will tighten credit and oil will be headed upwards.
4./EUROPEAN AFFAIRS
ITALYMUSLIMS
END
EUROPE
Europe’s Chemical Sector ‘Will Disappear’ Under Weight Of EU Green Deal, CEOs Sound Alarm
The visible decline in production in Europe’s chemical sector could soon have far more serious consequences. Production capacity is disappearing, and the further consequences will be alarming, warn leaders of the largest companies in an industry that recently experienced a period of prosperity.
They are calling for swift and far-reaching changes to EU law, writes Polish Business Insider.
In just a few years, nearly 10 percent of production capacity on the Old Continent has disappeared. Industry representatives are warning that cheaper products from Asia and the Middle East are taking their place, as European companies suffocate under the weight of energy prices, CO2 costs, and a thicket of regulations. This is the view of both state-owned (Azoty), private (Qemetica), and foreign companies operating in Poland (BASF).
The chemical sector accounts for approximately 7 percent of the EU’s total industry and generates over 1 million direct jobs, with 3-5 times as many indirect jobs, primarily in small and medium-sized companies. Meanwhile, according to Katarzyna Byczkowska, CEO of BASF Polska, over the last three years, approximately 9 percent of chemical production capacity has been liquidated in Europe, and in 2023-2024, the European chemical industry alone will shrink by 14 percent. During this same period, chemical production grew in countries such as China, Russia, and the United States.
“In Europe, we’re playing a different game than the rest of the world, but on the same playing field. We’re starting to lose,” warns Kamil Majczak, CEO of Qemetika (formerly Ciech), during a debate organized by Siemens with other representatives of the chemical sector. In his opinion, Europe still believes it can impose its rules on others, while China, the U.S., and India view the world as a field for expanding their spheres of influence and taking over markets.
“We can’t expect developing countries to suddenly make everything green, three times more expensive, because we think it’s the right thing to do,” he adds.
Majczak emphasizes that the consequences of rising costs are already tangible. More and more plants are closing in Europe, and some companies have survived the last two or three years by leveraging previous profits. “This buffer is running out, and once a plant closes, it won’t reopen. People will leave, production capacity will disappear, and it won’t return after a year or two,” warns the CEO of Qemetica.
In the case of fertilizers, the price of gas accounts for 75-80 percent of the product’s production cost. For years, Europe has been an importer, now forced to use much more expensive sources than before. This poses a significant challenge for fertilizer companies like Azoty.
This is especially an issue for the chemical sector, as it is such an energy-intensive industry, says Paweł Bielski, vice-president of Grupa Azoty.
“At certain points, gas in the U.S. was 4-6 times cheaper than in Europe,” recalls Katarzyna Byczkowska, CEO of BASF Poland. The differences in energy costs are immediately visible in the profit and loss accounts of European and American plants, admits Kamil Majczak, CEO of Qemetica, who compares the results of factories in Europe and the US. CO2 emissions fees must also be added to the total, which, Majczak says, are practically nonexistent outside of Europe, with the exception of a specific system in California.
Industry representatives emphasize that they are not questioning the direction of decarbonization, but the pace, scale, and structure of regulatory burdens in a situation where Europe is already starting from a worse position, because it is more expensive in terms of energy.
Katarzyna Byczkowska highlights two levels of regulatory costs.
First, there are direct costs resulting from regulatory compliance, as in the case of the EU’s CLP regulation. The change in font on chemical labels was reportedly costing her company over €300 million before, after a year of intense negotiations, some of the provisions were withdrawn.
Second, there is the increasing structural burden resulting from the sheer number and volatility of regulations, which generate chaos, reduce predictability, and drain resources from research and development.
“In Europe, we already spend twice as much on regulatory compliance as on research and development,” notes the head of BASF Poland. Across the continent, this translates to an 8 percent decline in R&D spending, while in China and the US, spending is rising year over year.
Paweł Bielski, Vice President of Grupa Azoty, points out that the EU climate package and subsequent elements of Fit for 55 were developed under completely different conditions than those in which the industry operates today. “The Green Deal was adopted when no one took into account the pandemic, the war in Ukraine, or the rapid change in Europe’s energy balance,” he argues. In his opinion, the direction of decarbonization will remain unchanged, even if some regulations are formally suspended, but the rules themselves should be improved.
A symbolic example is the ETS system, or emissions trading. Free allowances are shrinking every year, and, as Byczkowska explains, companies are unable to “add” another billion euros a year to purchase certificates in a time of crisis and blocked new investments. “We need someone to stop tightening their grip on us even more,” she says.
The clash between European climate ambitions and the realities of global competition is most acute in the clash with Asian production. “We used to be an exporter, now we’re an importer, and that fundamentally disrupts the balance,” says Majczak. China has built vast, modern production capacities in recent years to satisfy its own market, but the slowdown in demand has freed up a significant portion of this capacity for export.
Taking advantage of cheaper energy and less restrictive regulations, Chinese producers are aggressively entering the European market, from fertilizers to plastics.
Paweł Bielski points out that until recently, Europe had a strong polymer industry, including the production of polyamides for automotive, construction, and packaging. Today, China’s dominance is overwhelming in many segments — in one of them, as he points out, as much as 67 percent of global production capacity is already located in China. He believes a similar trend is visible in fertilizers: Massive installations are being built in Russia, the U.S., and the Persian Gulf countries, which will not consume all of their production domestically, but will instead direct it to Europe, among other countries.
One positive sign is that technological advances reduce costs. “We’re seeing increased activity from companies investing in solutions that enable faster, cheaper, and safer production,” says Maciej Zieliński, CEO of Siemens Polska.
The Spanish Prime Minister, Pedro Sánchez, has appeared at a summit along with autocratic and undemocratic leaders from Georgia and Burundi to talk about protecting citizens and democracy. Fascinating. It is very revealing.
The president talks about protecting minors from the harms of social networks and launches tirades against alleged techno-oligarchs. However, the evidence shows that beneath the supposedly “noble” goal of protecting minors, there is an agenda that includes the introduction of digital identities, biometric control for all, and prior censorship accompanied by state surveillance.
It is obvious to everyone that the objective is to silence independent media.
If the digital control law had been implemented in 2018, the corruption scandals surrounding the Socialist government would never have come to light. Koldo García, accused of embezzlement, would still be a member of the board of public train company Renfe today; Jose Luis Ábalos, under investigation for various corruption scandals, would still be minister; Salazar, investigated for sexual assault, would be an exemplary socialist; Venezuela’s dictatorship’s Delcy Rodriguez would be a VIP nighttime visitor; and the Socialist party’s number two, Santos Cerdán, would still be “Super Santos.” For Sánchez, all those cases were “disinformation” and “fake news” from the “far right”; do not forget it.
If he really cared about teenagers, he would not condemn them to unemployment and ruin and would give greater responsibility to parents, based on freedom. But he wants to ban access to social media because the goal is to silence dissenters.
It is no surprise that his words have been met with enormous enthusiasm by millionaires such as Alex, the son of George Soros, or by defenders of censorship and propaganda who see their dream of social engineering and control slipping away these days.
Hadn’t this inquisition shifted to Bluesky, with the intention of ending X and establishing the true social majority? They treat Bluesky as though it were a non-governmental organization.
Curiously, what Sánchez calls techno-oligarchs does not bother him if they serve his interests. Elon Musk, when aligned with the Democrats, set a global example. Sánchez courted Soros, Gates, Fink, and anyone he could for years. If anyone has used social networks to spread hate, division, polarization, and disinformation, it has been his government and his far‑left partners. However, it is important to note that his objective is not to restrict young people’s access to communist propaganda messages, but rather to prevent them from voting for the right. They thought teens were ideal and wanted them to vote when they thought they’d vote left. Now, when they see that young people are of no use to them, they launch their other favorite social‑engineering tool: the mass regularization of irregular immigrants.
Sanchez lies on immigration policy by deliberately misleading the public about the regularization of illegal immigrants in the country with the highest unemployment rate in the euro area. This tactic serves as a form of social engineering and control, similar to his digital protection strategy, rather than being based on economic logic.
This is not solidarity. The objective is to create a dependent subclass, buy votes, and inflate GDP through immigration, which is why, according to the IMF, Spain’s per capita GDP is expected to increase by only 1.1% from 2017 to 2026 with 10% “official” unemployment (14% real). It delays all those trying to enter legally and passes the enormous cost and social challenges to taxpayers.
Cornered by corruption and the disastrous management of infrastructure and public services, Sánchez launches yet another smokescreen operation to try to silence independent opinions.
The reality? His flagship socialist propaganda projects have failed, TikTok has not helped them win elections, and freedom is advancing. That is what bothers them.
The far left perceives X as a threat, yet none of their criticisms mention TikTok. One is free, and the other is controlled by a dictatorship. Fascinating.
The left loves social networks and billionaires when they serve its purpose of control.
Just remember how thrilled they were with Davos a few years ago. What bothers them is freedom and diversity of opinion. Furthermore, what fills them with uncontrollable rage is that the Grok community dismantles their propaganda in the notes section.
If Musk calls Sánchez a traitor and a tyrant, it is a grave insult against an elected president and against Spain, according to the extreme left, but if socialists and the far left call the elected president of the United States or of Argentina a murderer, dictator, fascist, Nazi, terrorist, and racist, that is fantastic and normal.
The evidence of X’s independence and plurality is that every time I open the app, I see posts from socialist cheerleaders, whom I neither follow nor search for.
All this crisis is yet another example of Sánchez’s mastery in applying the 11 principles of propaganda, especially that of the single enemy and reversal: demonizing a supposed all‑powerful enemy to present himself as victim and savior, and accusing everyone else of being guilty of corruption and negligence, pointing at others to cover his government’s issues.
Whenever corruption scandals or negligence in infrastructure management put the Spanish government under fire, Sanchez creates a smokescreen and applies the main propaganda principles to shift attention. His favorite tactic is to select a “special enemy” for vilification. The far-left government even fabricated a fake “bomb threat” to portray Sanchez as both a victim and a savior to stay in power at any cost. Sanchez has targeted various groups for vilification, including tech companies, energy companies, banks, supermarkets, social media, the independent press, specific nations, and any political opponent, as well as the far-left government’s favorite tactic, promoting antisemitism. Choose one. Divert attention. Move on.
A man who is incapable of winning elections presents himself as the voice of the social majority. It is ridiculous when he is held hostage by the minorities that keep him in power. And power is the only thing he cares about. That is why he seeks censorship at all costs, to silence the majority that does not suit him.
Sánchez wants to create a state of surveillance and censorship in Spain under the pretext of digital “protection.” To all the Sánchez-aligned press that is defending this outrage against freedom of expression, maybe thinking that being political commissars will benefit them, I would like to remind them that purges come afterwards.
If you believe that supporting Sánchez’s totalitarian whims will be advantageous for you, remember that actions you consider acceptable when “your side” does them can also be used by the opposing side against you.
Disinformation and polarization may happen in a free society, but those risks are 100% certain when information is controlled by the state.
END
GERMANY
Germany Rejects Billion-Euro Data Center: Bureaucracy Wins
Monday, Feb 09, 2026 – 02:00 AM
Submitted by Thomas Kolbe
In Groß-Gerau, Hesse, a billion-euro project has been blocked by citizen opposition and the local council’s majority. The town now seems the epitome of Germany’s decline: backward-looking, stubborn, and hopelessly lost in an era that leaves no room for passive solipsism.
With roughly 27,000 residents, Groß-Gerau benefits from direct connections to Frankfurt and Darmstadt, making it an ideal commuter town. Here lives Germany’s traditional middle class: partly insulated from the nation’s economic and social upheavals, yet close enough to major developments to suddenly find itself in the public eye.
CDU Votes for the Project
Last week, the town council rejected a data center from the U.S. company Vantage Data Centers following protests from residents. With votes from SPD, Greens, and the Left, the town turned down a private investment of roughly €2.5 billion.
The planned facility would have been part of the Rhein-Main region’s digital infrastructure, anchored by DE-CIX, one of the world’s most significant internet hubs. It’s about the world’s new data highways—AI, autonomous systems, autonomous driving, cloud solutions—all the infrastructure major economies like the U.S. and China rely on to escape economic stagnation.
For Germany, these developments are treated as marginal at best. The prevailing attitude cloaks itself in ideological-moral superiority, using regulation to ensure companies and users do not “go too far.” In European politics, the digital sphere is little more than a playground for polemic opposition and petty criticism of the master plan to build a green-socialist ideal state.
With an 18-14 vote, the town council ultimately opposed the project. Only the CDU, alongside the Kombi-FWG, supported it. This illuminates German political dynamics: absent the AfD, the CDU surprisingly acts independently—even defying the so-called “firewall” party cartel. Could this hint at Germany’s potential political liberation? Or was this local CDU action merely a fluke within the party’s otherwise steadfast Brussels-aligned ideology?
The proposed site would have been a few hundred meters from residential areas, separated by an industrial park. Yet this was enough for alleged noise concerns to dominate local discourse. The Greens argued the data center would create “heat corridors” and depress property values—a concern never applied when building wind turbines. While public interest routinely overrode private property during wind farm construction, here ideology replaced rational risk assessment. From the outset, local politics sought excuses to kill the project—driven by avoidance, fear of responsibility, and bureaucratic inertia.
Excuses and Evasion
Justifications for rejecting the investment were as bizarre as they were German: timid, defensive, and devoid of any vision. Expected tax revenues were deemed insufficient, potential jobs minimal—excuse piled on excuse. Bureaucracy has so deeply entrenched itself that private investment is now perceived as a threat rather than an opportunity.
This system has eroded abstraction skills and converted real weakness into moral superiority. The future is no longer seen as malleable, change is perceived as a burden, and imagination is systematically weakened. People learn to follow rules instead of solving problems.
The solution is breaking free from this iron cage of regulation—reviving innovation and building the infrastructure essential for tomorrow’s economy.
The Gaulish Village of Green Ideologues
German politics has never had a serious problem dispossessing homeowners for wind turbines. So-called citizen participation is little more than soothing ointment over real, material losses imposed on residents. Even symbolic compensation schemes in some states fail to address the structural disregard for property rights. Private property is viewed with suspicion and treated as a fiscal quarry for ideological ambitions.
Groß-Gerau’s project could have been a chance to implement a market-oriented model of fair compensation, putting economic principles above ideological command politics. Instead, Germany remains in a psychological “Gaulish village”: perpetually defensive against modernization, with bureaucracy and NGOs nurturing provincialism.
For U.S. companies, this is standard practice: property rights enforce serious negotiations with affected residents, or litigation ensures balance. France offers a contrasting example: President Emmanuel Macron recently poured €30 million into his nation’s “Silicon Valley,” while U.S. private investment dwarfs such state initiatives by hundreds of billions. The lesson is clear: Europe remains shackled by centralization, unable to compete with more agile, market-oriented systems.
It’s high time Germany abandoned climate-socialist rigidity and started embracing new business models. Stubbornness and timidity should no longer prevent the country from recognizing opportunities for growth and innovation.
END
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
ISRAEL TBN LAST 24 HR
END
IRAN
Can US-Iran war be averted as Tehran obfuscates in Oman talks? – analysis
“Iranian officials often say they want negotiations, but when negotiations start, they hesitate,” said Serhan Afacan, head of the Center for Iranian Studies in Ankara.
Iranian Foreign Minister Abbas Araqchi and his accompanying delegation depart for the site of the talks in Muscat, Oman, February 6, 2026.(photo credit: Iranian Foreign Ministry/WANA (West Asia News Agency)/ Handout via REUTERS)ByJACOB WIRTSCHAFTER/THE MEDIA LINEFEBRUARY 7, 2026 16:04
US-Iran nuclear talks concluded their first round Friday after 90 minutes, with Iran’s Foreign Minister Abbas Araghchi warning against American “adventurism.”
The brief procedural meeting, mediated by Oman’s foreign minister, Badr bin Hamad Al Busaidi, in separate sessions with Iranian and US delegations, focused on what Oman’s foreign ministry described as “preparing appropriate circumstances for resuming diplomatic and technical negotiations.”
Gulf states worked to prevent the talks from collapsing. Israeli officials were positioned for a breakdown that could reopen the path to military pressure.
That helps explain why Gulf governments intervened last week to rescue talks on the brink of cancellation after Iran demanded a venue change.
Regional diplomats and analysts interviewed in Ankara, Dubai, and Manama said Gulf states pressed Washington to accept Iran’s request to move talks from Istanbul to Oman to prevent an immediate collapse that would have left military escalation as the only option.
Jared Kushner looks on as US Special Envoy Steve Witkoff shakes hands with Omani Foreign Minister Sayyid Badr Albusaidi in Muscat, Oman, February 6, 2026. (credit: Omani Foreign Affairs Ministry/Handout via REUTERS)
Negotiations were initially planned for Istanbul, with Turkish mediation and a broader framework addressing Iran’s missile program, regional proxies, and human rights alongside the nuclear issue.
Iran rejected that structure, insisting on a bilateral format limited to nuclear issues and conducted through Oman. US officials initially pushed back.
Regional pressure mounted. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani spoke with Araghchi about “reducing tension.” Kuwait urged “common sense.” The UAE’s senior diplomat, Anwar Gargash, warned that the region “does not need another confrontation.” Axios reported that nine countries urged Trump administration officials not to walk away.
The reason for the urgency was fear that diplomatic collapse could trigger missile strikes on US bases or energy infrastructure across the Gulf.
Iran’s insistence on Oman was not merely procedural.
Friday’s format followed Iran’s demands: Al-Busaidi met separately with Araghchi, then with US special envoy Steve Witkoff and presidential adviser Jared Kushner. The indirect channel kept both sides insulated.
Araghchi’s warning against “adventurism,” delivered to Iranian state media after the session, signaled Tehran remains focused on managing US military pressure.
Iran says it wants negotiations, then shys away when given the opportunity
“Iran is very sensitive about respect,” said Serhan Afacan, head of the Center for Iranian Studies in Ankara. “Iranian officials often say they want negotiations, but when negotiations start, they hesitate.”
That pattern creates risk and results in talks that continue without progress while Iran uses the diplomatic process as cover and Israel readies for the collapse of negotiations.
Mahdi Ghuloom, a Dubai-based researcher at the Observer Research Foundation Middle East, said Iran viewed Muscat as uniquely credible precisely because it doesn’t seek public diplomatic credit or align closely with Washington’s regional agenda. When talks briefly moved to Rome last year, Iranian officials complained about excessive media presence and exiled opposition protests.
“Oman isn’t just a communication channel for Iran,” Ghuloom told The Media Line. “It also advocates for Iran’s position in the Gulf as a state that should be engaged, even if there are disagreements over how much engagement is appropriate.”
From a Gulf perspective, Oman’s value lay less in brokering breakthroughs than in preventing miscalculation, though Friday’s procedural round raises questions about whether even that limited goal can be sustained.
Mostafa Ahmed, a researcher at Al Habtoor Research in Dubai who specializes in Gulf security frameworks, described the current engagement as “decompression” rather than resolution.
“Oman’s facilitation is valued precisely because it offers a discreet, credible intermediary function rather than a promise of comprehensive reconciliation,” he said in an email exchange.
US officials describe diplomacy in binary terms: a deal or failure. Gulf states view the process itself as security infrastructure.
Ahmed distinguished between “resolution” and “decompression.” The Oman track, he told The Media Line, is a decompression measure that “allows both parties to navigate their domestic political cycles without inciting a kinetic crisis that the region cannot afford.”
Iranian Foreign Minister Abbas Araqchi meets with Omani Foreign Minister Sayyid Badr Albusaidi in Muscat, Oman, February 6, 2026. (credit: Iranian Foreign Ministry/WANA (West Asia News Agency)/ Handout via REUTERS)
Gulf states accepted Iran’s insistence on sequencing — nuclear issues first, regional issues later — because “they simply need the talks to remove the nuclear accelerant from the equation,” Ahmed said.
If Iran uses the time bought by procedural talks to advance its nuclear program, the eventual confrontation may be worse than the one Gulf states worked to prevent.
Ghuloom said most Bahrainis hope Oman’s mediation will work “because Bahrain would be among the biggest victims of any escalation.” Bahrain cannot participate directly because it does not have diplomatic relations with Iran.
Israeli officials told local media they expect the Muscat talks to collapse. Israeli Prime Minister Benjamin Netanyahu convened an emergency cabinet meeting ahead of negotiations, moving it up from Sunday.
Ghuloom said from Israel’s perspective, the Trump team “ended the last war and its objectives too early.” Installing the former shah’s son has attracted Israeli support, “but those goals are very hard to achieve. The perception may be that advancing military objectives through US engagement is the most realistic path.”
If Iran delays substantive engagement through procedural rounds, Israel’s assessment may prove correct.
Afacan told The Media Line that for Turkey, Israel is currently perceived as a more immediate threat than Iran. “As a result, there is no unified regional view on which actor represents the primary source of instability.”
Abraham Accords states continue to see Iran’s nuclear program as an existential threat.
Gulf officials say Iran’s credibility will be judged by behavior, not meetings.
Ahmed outlined three thresholds: maritime conduct in the Strait of Hormuz, infrastructure targeting, and proxy discipline. “Gray zone harassment” in the Strait signals that Iran views talks as cover rather than as a means of de-escalation. Kinetic targeting of energy or desalination infrastructure would be “an irreversible breach of the decompression framework.”
For Bahrain, hosting the US Fifth Fleet near residential areas, the stakes are high. “The damage from escalation could be deadly,” Ghuloom said, noting “Iran-supported components operating in Bahrain.”
The 90-minute procedural session suggests talks may be cover, not restraint.
The vulnerability is not hypothetical. In the 10 days before Friday’s talks, Bahrain accelerated civil defense preparations.
On Jan. 27, the US Fifth Fleet base conducted a mass casualty drill involving Naval Security Forces, the base’s Fire and Emergency Department, and Bahraini first responders.
Four days later, on Jan. 31, Bahrain tested its wireless emergency alert system nationwide. At 9:30 p.m., mobile devices received notifications labeled “Emergency alert: Severe.” The Interior Ministry had announced the test four hours earlier.
That same day, Iran announced live-fire naval drills in the Strait of Hormuz for Feb. 1-2.
The alert system, approved by Bahrain’s Civil Defense Council on Jan. 15, expands the existing siren infrastructure tested previously in June 2025.
Bahrain’s Interior Minister Sheikh Rashid bin Abdullah Al Khalifa said the National Emergency Strategy focuses on coordination among government agencies and partnerships with regional and international organizations.
The drills and alerts show Bahrain preparing for scenarios where mediation fails.
Friday’s brevity was not a setback. It was the strategy.
Gulf states are preparing for “managed stagnation”: negotiations that continue without breakthrough but prevent high-intensity conflict.
Ahmed described two scenarios: continued talks in which “the process becomes a container for tensions,” or “compartmentalized breakdown,” in which negotiations collapse but escalation remains geographically limited. “The planning focuses on aggressive neutrality and ensuring GCC territories are explicitly decoupled from any offensive postures,” he said.
No one is planning for a comprehensive settlement.
Oman’s statement referenced “resuming” negotiations but provided no timeline. Talks that exist in perpetual preparation allow both sides to claim engagement while avoiding compromises.
Iran’s pattern —demanding negotiations, then hesitating when they begin—suggests even Oman’s mediation may only postpone confrontation.
For Bahrain, hosting the US Fifth Fleet close to residential areas, the stakes are immediate.
“The damage from escalation could be deadly,” Ghuloom said.
END
IRAN/USA ET AL
Trump Imposes Secondary Tariffs, Reaching 25%, On Countries Still Importing From Iran
Saturday, Feb 07, 2026 – 10:45 PM
US and Iranian delegations conducted eight-hours of indirect negotiations mediated by the Omani government in Muscat on Friday, but it was merely minutes after the close of the talks that the US Department of State announced yet more sanctions on Iran.
The punitive measures target 15 entities, two individuals and 14 vessels, charging them of being part of “the illicit trade in Iranian petroleum, petroleum products, and petrochemical products” – or the so-called shadow fleet.
The Friday US statement signaled support for antigovernment protests which dominated headlines for much of the last month, but which have died down since.
“Time and time again, the Iranian government has prioritized its destabilizing behavior over the safety and security of its own citizens, as demonstrated by the regime’s mass murder of peaceful protestors,” the State Dept. explained.
But Tehran has pointed out not all of them were peaceful, given that dozens or even hundreds of police and security personnel were killed and wounded, in some cases by armed rioters who also torched buildings.
The Iranian response to these new actions was for Foreign Minister Abbas Araghchi to make clear Tehran’s position that ‘fair’ dialogue as equals must be free of threats or pressure.
In a post on X, he said Iran “enters diplomacy with open eyes and a steady memory of the past year” – which means that “great distrust” now defines US-Iran relations and it needs to be overcome if any agreement can be forged.
But despite this plea, President Trump took more action in the form of slapping tariffs on any country still doing businesswith Iran:
The executive order, which takes effect on Saturday, directs the administration to impose new tariffs on countries that still do business with Iran.
It states that tariffs “may be imposed on goods imported into the United States that are products of any country that directly or indirectly purchases, imports, or otherwise acquires any goods or services from Iran.”
The order also sets out a mechanism for determining and applying those duties, with US Secretary of State Marco Rubio tasked with setting the rate.
These tariffs could reach as high as 25%, echoing a threat first floated by Trump in mid-January. This would significantly impact the single biggest buyer of Russian oil, China.
The additional tariff would also be felt by Russia, Germany, Turkey and the United Arab Emirates – the latter three of these being Washington allies.
END
IRAN/ISRAEL USA
Trump-Netanyahu effect: Iran caught off guard and off balance – opinion
Tehran struggles to respond as Trump and Netanyahu disrupt Iran’s usual strategic strategy for control in the region.
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu hold a press conference after meeting at Trump’s Mar-a-Lago club in Palm Beach, Florida, US, December 29, 2025.(photo credit: REUTERS/JONATHAN ERNST)ByMICAH HALPERNFEBRUARY 9, 2026 18:00
The Iranian leadership is in total disarray. They are confused. Usually so sure and confident and strident, it is the combination of US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu that is throwing Tehran off its game.
Iran is unable to predict how these two leaders, their nemeses, will act and react. That confusion, from the point of view of the US and Israel, is by design.
They know that the US and Israel have Iran exactly where they want it.
/
The playbook of Iranian strategy with the West has always been cost-benefit calculations.
They navigate how to push and pull to achieve their ends using proxies and others who are friendly to their regime. Their intention is to effectively poke and prod and irritate and, in the end, achieve their goals while hovering just below the threshold of provoking a serious retaliatory response.
L to R: Iran Ayatollah Ali Khamenei, US President Donald Trump against backdrop of respective flags and missile strikes. (credit: ILLUSTRATION, REUTERS/Majid Asgaripour/WANA 2, Shutterstock/noamgalai, Getty Images/Iranian Leader’s Press Office – Handout)
A symbolic retaliation is acceptable to Iran – but nothing more. The goal is to make certain that their behavior niggles and irritates but never reaches the point of a serious, crushing response from the West.
Trump’s style is deliberately unpredictable.
Trump cultivates a character of ambiguity. He says one thing one day and the opposite the next. He uses the media, especially his account on his own Truth Social, to bark out fluctuating ideas, leaving Iran totally flatfooted. His intended result is to leave Iran in the dark on issues of foreign policy and domestic policy.
Over the years, Iran had learned to wrap the West, especially the US, around their little finger.
President after US president fell into the trap.
Iranian leaders became masters of manipulation – agreeing to a deal and then only, intentionally, partially fulfilling their commitment. It was all premeditated. They danced around the edges of an agreement but would never violate it enough to cause the West to fully repudiate the agreement.
Until Trump, Iran was successful.
Just look at the now infamous Iranian deal, the Joint Comprehensive Plan of Action.
Iran knew that the West would tolerate minor violations because the West wanted so very badly to keep the deal.
It took Trump to call them out and say “no”. To say, in typical Trump style, that it was not merely a “very bad” deal, that it was the “worst deal ever”. And it was the US that withdrew.
Netanyahu has his own style. And it was he who had the credibility to both whisper in Trump’s ear and say out loud, “told you so.”
Iran knows, correctly, that Israel will do anything and everything to protect itself. They know Israel will act and react – that is not their biggest issue.
Their issue is that, based on past events and reactions, Iran cannot predict if, when, or even where Israel will react. They clearly remember, however, that in ‘Operation Days of Repentance’, on October 26, 2024, the IDF air force hit 20 Iranian targets, destroying Iran’s entire supply of S-300 anti-aircraft batteries.
Netanyahu is too unpredictable for Iran
Israel, under Netanyahu, has made it impossible for Iran to determine the threshold or red line for retaliation. They are left in a strategic conundrum. The situation makes them very uncomfortable. It renders them unable to act with security.
MIDDLE EAST/USA
At Least 112 USAF C-17 Aircraft Headed To Middle East: ‘Desert Storm Levels’
Sunday, Feb 08, 2026 – 12:15 PM
An eye-opening and massive number of C-17 Globemaster military transport and cargo planes have been observed heading to Europe and the Middle East, in what some monitors have forewarned looks like the build-up to major war in Iran.
One regional watcher and pundit commented in response: “112 C-17s are in or on their way to the Middle East. Guys, that’s a lot. Like Desert Storm a lot. Stay tuned.”
This as on Friday the prominent open source account Armchair Admiral and others used public flight tracking data to tally that the huge armada of US Air Force C-17s and counting are en route – a trend since mid-January.
“A total of 112 U.S. Air Force C-17’s have now either arrived or are en route to the Middle East with a further 17-18 in-progress flights, a number of Royal Air Force logistics flights from RAF Marham to RAF Akrotiri in Cyprus, and movement on U.S. Air Force CORONETs,” the source said.
C-17s are massive, and can deliver huge amounts of equipment or large numbers of troops in a single go. The US military lists some of the following key capabilities:
Payload capacity of over 170,000 pounds
Ability to operate on short, austere runways as small as 3,500 feet
Intercontinental range, with in-flight refueling extending reach even further
Rapid load/unload design to keep missions moving under pressure
Iran and the US just concluded an initial round of indirect talks mediated by Oman, but despite some hopeful statements issued by either side, it is very clear Iran is not willing to negotiate its ballistic missile program – a sticking point being demanded by Washington. A second round is expected in the coming days, unless military action ensues first.
Iran’s foreign minister has newly questioned whether Washington is taking these talks seriously, or if they are merely a pretext for more time to allow for a US force build-up in the region.
FM Abbas Araghchi asserted Tehran is not intimidated but that this raises “doubts about the other party’s seriousness and readiness to engage in genuine negotiations.” He added: “We are closely monitoring the situation, assessing all the signals, and will decide whether to continue the negotiations.”
Prior to these weekend comments, the Iranian top diplomat stated, “If the United States launches an attack against us, we do not have the capability to attack its territory, so we would target American bases in the region. This would draw the entire region into war. We do not attack neighboring countries; we target American bases.”
This morning, four armed terrorists emerged from underground terror infrastructure, exited a tunnel shaft, and opened fire toward IDF soldiers on the Israeli side of the Yellow Line in the Rafah area of the southern Gaza Strip, constituting a severe violation of the ceasefire agreement. The soldiers responded defensively and eliminated the attackers.
ISRAEL
RUSSIA VS UKRAINE
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUE
ROBERT H//
Fauci Fallout: New NIH chief says all gain-of-function research stopped, no lockdowns in future | Just The News
Hurrah!!!
How many poor souls have been affected but the craziness of Covid and the shots received?
Apart from the stupidity of lockdowns and the like. Today societies everywhere still endure the fallout.
Now let’s off the bio labs hidden from sight that are up to no good.
Fauci Fallout: New NIH chief says all gain-of-function research stopped, no lockdowns in future
The new National Institutes of Health chief declared Friday that the Trump administration won’t pursue lockdowns in future pandemics and his agency has stopped all forms of dangerous gain-of-function research, ending two controversial legacies of the Dr. Anthony Fauci era inside the government’s premier health research institution.
“As far as the NIH, we’ve paused every single project that even is anywhere within the vicinity of something that could be gain of function, and the White House is working on a policy …(that) will make it so that it never happens again,” Dr. Jay Battacharya, the NIH director, told the Just the News, No Noise television show.
“No where in the United States Government will we invest in a project that poses a risk of catastrophic harm to the American people ever again,” he added.
Gain of function research is a controversial form of science that tries to enhance deadly viruses and bacteria to make them more deadly in an effort to study future pandemic responses.
It was stopped by President Barack Obama but then revived in 2017 under Fauci’s leadership, and it is believed to be behind a lab leak in Wuhan, China, that the FBI and other federal agencies believe may have started the COVID-19 pandemic in 2020.
Battacharya said the Biden administration had confusing rules that left the possibility of such risky research to continue ot slip through and he has put a clear mandate in place.
“What we’re doing is we’re saying there has to be a comprehensive risk assessment of every single project that has anywhere close to the vicinity of being dangerous gain of function,” he explained. “And if it’s dangerous gain of function, the answer is ‘No, you can’t do it.'”
He said the NIH model is going to be the center of a larger government-wide policy being finalized by the White House.
“So we’re headed toward a comprehensive policy for the entire federal government where that’s the case. As far as the NIH is concerned, I’ve already implemented a policy like that, where we pause dozens of grants, and as soon as the new policy comes up, we’ll submit them to the new independent board that’s going to be looking at this,” he said.
Battacharya said the government still has much work to do to reform pandemic preparations from the failures of COVID-19 outbreak, but that one tactic used then and favored by Fauci — full community lockdowns — will certainly not be used under this Trump administration.
“I think I can tell you that the appetite for lockdowns in this administration is basically zero. So I don’t think we would have the same kind of approach. But we do need to have a national conversation about what happened during COVID, especially during the Biden administration, with the vaccine mandates and all that.
Pandemic prevention “shouldn’t just be some secret plan sitting in the government vault that you pull out if something terrible happens,” he said.
“We saw during COVID every single person’s life was affected in some, mostly for the worse,” he added. “…I’ll tell you under my watch, I will never advocate and the NIH will not be advocating for lockdowns ever again.”
House special seat in district Trump won; should daddy Trump, Republicans be concerned? “Louisiana Democrat Chasity Verret Martinez defeated her Republican opponent by double digits in the special
election Saturday night for a state House seat in a district President Trump won by 13 points in 2024.”
Idiosyncratic? No issue? Nothing to see here? Your view?
The special election was held after its former state representative, a Democrat, was appointed by Republican Gov. Jeff Landry to be a commissioner for the state’s Department of Alcohol & Tobacco.
Martinez’s win is not a flip since Democrats already held the seat, but Republicans had seen it as a prime pickup opportunity since Mr. Trump won the district three times. Her win was a 37-point swing from the 2024 results, although the district has voted for Democrats at the state and local levels previously.
Martinez, a former Iberville Parish councilwoman who focused her campaign on affordability and local issues, was outspent by Republicans 3-to-1.
Her victory comes on the heels of the Texas 9th state Senate special election last week, where Democrat Taylor Rehmet flipped a seat in the largest Republican county in the country — a seat held by the GOP for over 40 years. While Mr. Trump won that Texas district by 17 points in 2024, Rehmet won his race by 14 points.
Republicans have not yet had any special election legislative pickups during Mr. Trump’s second term. Democrats have flipped eight previously GOP-held districts in special elections since Mr. Trump took office.
NEWSWIZE
Violent Crime, Murder Rates Plunge To Historic LowsA recent study from the Council on Criminal Justice (CCJ) found that murder rates in America’s largest cities have plunged to historic lows in 2025. The analysis, which reviewed data from 35 large U.S. cities, found a 21 percent decrease in reported homicides compared to 2024, resulting in approximately 922 fewer incidents total. This reduction marks the largest single-year decline …READ THE FULL REPORT
Arrest Made In Assassination Plot Targeting Trump OfficialA Maryland resident has been arrested on attempted murder charges after he allegedly showed up at the home of a Trump cabinet official with a manifesto and intent to kill. Colin Demarco, 26, was arrested by Arlington County Police on January 22 after he showed up at Office of Management and Budget Director Russell Vought’s Northern Virginia home. Vought was …READ THE FULL REPORT
GOP Governor Under Fire For Demanding Haitian Noncitizens Stay In Small Town Despite TPS ExpirationOhio Governor Mike DeWine is facing intense backlash for claiming that Haitian nationals set to be deported by the Trump Administration are the backbone of the state’s economy. DeWine’s comments come as thousands of Haitian nationals are set to lose their temporary immigration status, which will make them eligible for deportation. Temporary Protected Status is a humanitarian program established under …READ THE FULL REPORT
Man Arrested For ‘Ransom Note’ To Guthrie Family Is IdentifiedFederal authorities confirmed Thursday that a suspect had been arrested for sending a purported ransom note to the Guthrie family as the search for the family’s presumably kidnapped mother, Nancy, continues. The suspect has been identified in court documents as Derrick Anthony Callella, a 42-year-old Los Angeles resident. Callella was taken into custody for allegedly sending fraudulent text messages related …READ THE FULL REPORT
RNC Holds Significant Cash Advantage Over Dem RivalsThe Republican National Committee (RNC) currently holds a substantial cash-on-hand advantage over the Democratic National Committee (DNC) as the parties prepare for the 2026 midterm elections. According to year-end filings submitted to the Federal Election Commission (FEC) for the period covering January 1 to December 31, 2025, the RNC reported approximately $95 million in cash on hand at the end …READ THE FULL REPORT
LATEST REPORTS FOR NEWS JUNKIES
Police Swarm Nancy Guthrie’s Home After Second Message From ‘Abductors’The Pima County Sheriff’s Department says it is investigating a new message tied to the disappearance of Nancy Guthrie. In a statement posted on social media, officials said they are working with federal authorities to assess the correspondence. “The FBI and Pima County Sheriff’s Department are aware of a new message regarding Nancy Guthrie,” the post said. Authorities said investigators …READ THE FULL REPORT
New ‘TrumpRx’ Initiative Slashes Prices Of Popular Drugs By As Much As 80%President Donald Trump on Thursday officially launched TrumpRx.gov, a new federal prescription drug pricing platform the White House says will deliver immediate, dramatic savings for millions of Americans struggling with high out-of-pocket medication costs. The initiative is built around a series of “Most-Favored-Nation” pricing agreements negotiated directly with pharmaceutical manufacturers. Under those agreements, participating drugmakers agree to offer Americans prices …READ THE FULL REPORT
Alleged ‘Ransom Note’ Contains Chilling Hint About Nancy Guthrie’s Potential LocationA ransom note tied to the disappearance of Nancy Guthrie may offer investigators their clearest indication yet of where the 84-year-old grandmother could be held. The letter, which was sent to TMZ earlier this week, reportedly contains details suggesting Guthrie may no longer be in Tucson, Arizona, where authorities believe she was forcibly taken from her home late last month. …READ THE FULL REPORT
Key Clue At Nancy Guthrie’s Home Reveals Kidnappers’ ‘Sinister Test’Nancy Guthrie’s kidnapper may have deliberately ripped out her doorbell camera to see if police would show up, NBC’s top crime correspondent suggested Friday. The 84-year-old grandmother, whose daughter is “Today” co-host Savannah Guthrie, vanished from her $1 million Tucson, Arizona, home last weekend. Authorities believe she was taken against her will. Data show Guthrie’s doorbell camera was disconnected at …READ THE FULL REPORT
Famous Actor Indicted On Charges For Sick Alleged Crime Against ChildA New Mexico grand jury has indicted actor Timothy Busfield on four counts of criminal sexual contact with a child, escalating a case tied to allegations from a television set. Bernalillo County District Attorney Sam Bregman announced the indictment Friday in a social media post. Authorities had previously issued an arrest warrant accusing Busfield of misconduct during his time working …READ THE FULL REPORT
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
CUBA/USA
Cuba Ready To Negotiate With Trump, But Urges Dialing Down Of Pressure
Friday, Feb 06, 2026 – 05:20 PM
Cuban President Miguel Díaz-Canel has offered to enter negotiations with Washington, but has made clear that this must happen “without pressure” – at a moment the Trump administration is seeking to economically strangle Cuba – even going so far as to openly tout the desire to see regime change.
“Cuba is willing to engage in dialogue with the United States,” the Cuban leader announced Thursday. He made clear this can be a “dialogue on any topic… but without pressure or precondition.”
But his key caveat is that for dialogue to take place, it must happen “from a position of equals, with respect for our sovereignty, our independence and our self-determination” and without “interference in our internal affairs.“
Díaz-Canel added that Cuba has long been subjected to “intense media campaigns of slander, hatred, and psychological warfare.”
President Trump has been seeking to end oil imports to Cuba, and after the Maduro overthrow, this has become a real possibility, given that the United States can now demand that the interim government in Caracas end its oil exports to Havana. Venezuela has always been Cuba’s number one supplier.
Mexico too has recently halted oil sales to Cuba so that it can avoid coming under a White House pressure campaign.
But there’s still a lifeline: “Russian oil has been supplied to Cuba on numerous occasions in recent years. We expect this practice to continue,” Moscow’s ambassador to Cuba, Viktor Koronelli, has explained.
In the background, Cuban immigrants in the US dread the possibility of being sent back to Cuba, especially with its economy in a sanctions-induced tailspin:
“It’s been brutal,” said Estévez. “Imagine Dylan hugging his phone every night when he sees his dad. I wouldn’t wish this on any mother.”
As the US government heaps pressure on Cuba, cutting off access to its oil shipments, Donald Trump has framed the campaign as an effort to make the island safe for Cuban Americans.
“A lot of people that live in our country are treated very badly by Cuba,” Trump said recently. “They all voted for me, and we want them to be treated well. We’d like to be able to have them go back to a home in their country, where they haven’t seen their family, their country for many, many decades.”
Last weekend, Trump said “We’re starting to talk to Cuba” and explained his view that “It doesn’t have to be a humanitarian crisis. I think they probably would come to us and want to make a deal. So Cuba would be free again.”
But there’s some clear regime change activity happening behind the scenes, with The Wall Street Journalreporting last week that the White House is “searching for Cuban government insiders who can help cut a deal to push out the Communist regime by the end of the year.”
END
CANADA/USA
Canada and US marriage spat? – by Julian Macfarlane
ROBERT H;
“Interesting take on things. Clearly the Gripen is the way to go ….. since Canada needs to borrow money,
saving $30B US is not a bad deal. Besides the F 35 is already obsolete and way too expensive and unavailable due to engine issues. “
Trump is angry, upset. Nothing seems to work out as he planned.
Right now, he is threatening Canada with 100% tariffs for trading with China and other countries who are hastening to offer the True North good deals. Canada, y’see, like Russia, has resources.
Tariffs are like the big bad wolf, nobody is really afraid of the huff and puff. Sure, they can hurt Canadian industry – but even more so the US.
Canada will continue diversify trade away from the US. That’s bad for Detroit.
Bad for the US defense industry also
For example, Canada is walking back its F35 deal to buy Gripen E fighter jets and meteor missiles from Sweden, which would save p to CAD$30 billion over 30 years, perhaps more.
Trump of course has gone ballistic…he’s an unguided missile, or shall we say a “dumb bomb”, insisting that Canada will not be able to maintain its NORAD commitments, and threatening to send US aircraft into Canadian airspace, which would in effect. implement the “Caroline Test”. Of course, Trump doesn’t know the term. He doesn’t read.
The Canadian Media, including the CBC, have been pushing for the F35, relying of course on the US Media.
But the Gripen E is much more suitable to Canada’s needs—especially if you consider it must operate in the Arctic and also considering that the F35’s have about 50% operability in good weather.
Canada needs an interceptor. The F35 is more of a bomb truck.
The Gripen also carries the Meteor missile which is superior to the F35’s AIM 120 D AMRAAM with a longer range. It can carry a LOT of other things too.
Ah, but the F35 has Stealth!
The F35 relies on “physical stealth” – meaning shape and coatings. As a result, it cannot carry weapons or anything else externally, including bug splats without becoming “visible” and the moment it opens its internal compartment doors to launch a missile the aircraft shows up on radar screens. The radar absorbent coatings are delicate and easily damaged by the kind of weather one experiences in the arctic.
“The Russian fighter appeared suddenly. I was very confused because I did not expect it to be that close,” stated the Italian F-35 pilot regarding the unexpected proximity of the Russian Su-30SM.
In any case, the Gripen has sophisticated stealth features, a good radar, and it is a true “netcentric fighter”. Let us not say it is superior – but it is not inferior as the media hype says. Most important of all it is affordable.
AND…it will SAAB promises to create 12,000 jobs and transfer technology and intellectual property.
The F35?
So why should Trump have to implement the Caroline Test if Canada gets a better deal from Sweden?.
If the US just starts sending its aircraft into Canadian airspace, Canada should consider withdrawing from NORAD, which, like NATO, was created to provide strategic balance between the US and the USSR—a nation that no longer exists
NORAD is a dinosaur – and an expensive one—it was never intended to protect Canada — just give early warning against missile strikes on US targets in a nuclear war.
If Canada withdrew from both NATO and NORAD it would save upwards of a half billion dollars annually and could downsize conventional forces to focus on asymmetric warfare against the only country ever to invade it – the US.
It could also conclude agreements with the pre-eminent Arctic power – Russia, to cooperate in the region. There’s money to be made in that.
Cooperation, not conflict is the future.
The US is already arrogant and thinks Canada is weak. In that misperception lies Canada’s strength.
(An American point of view….)
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
USA DOLLAR VS EURO: 1.1865 FOR A GAIN OF .0053 OR 53 BASIS PTS.
USA/ YEN 16.55 DOWN 0.493 NOW TARGETS INTEREST RATE AT 1.75% 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 1.3685 UP 0.0014 OR 14 BASIS PTS
USA/CAN DOLLAR: 1.3645 DOWN 0.0023 CDN DOLLAR UP 23 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED UP 57.51 pts or 1.41%
Hang Seng CLOSED UP 467.21 PTS OR 1.76%
AUSTRALIA CLOSED UP 0.69%
// EUROPEAN BOURSE: MOSTLY ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: MOSTLY ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 467.21 PTS OR 1.76%
/SHANGHAI CLOSED UP 57.51 PTS or 1.41%
AUSTRALIA BOURSE CLOSED UP 1.43 %
(Nikkei (Japan) CLOSED UP 476.56 PTS OR 0.87%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 5003.10.
silver:$79.55
USA DOLLAR VS TRY (TURKISH LIRA): 43.60
USA DOLLAR VS RUSSIAN ROUBLE: 77.56 ROUBLE// DOWN 56 BASIS PTS
UK 10 YR BOND YIELD: 4.558 UP 5 BASIS PTS
UK 30 YR BOND YIELD: 5.385 UP 5 BASIS PTS
CDN 10 YR BOND YIELD: 3.434 UP 2 2 BASIS PTS
CDN 5 YR BOND YIELD; 2.930 UP 2 BASIS PTS
USA dollar index early MONDAY morning: 97.19 DOWN 31 BASIS POINTS FROM FRIDAY’s CLOSE
FRIDAY MORNING NUMBERS ENDS
And now your closing FRIDAY NUMBERS 11: 30 AM
Portuguese 10 year bond yield: 3.205% DOWN 0 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.2960% UP 7 FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.563 UP 0 BASIS PTS//DIASTER
SPANISH 10 YR BOND YIELD: 3.218 DOWN 0 in basis points yield
ITALY 10 YR BOND: 3.467 DOWN 0 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (
GERMAN 10 YR BOND YIELD: 2.8421 DOWN 0 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY MONDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1916 UP 0.010308 OR 103 basis points
USA/Japan: 155.54 DOWN 1.466 OR YEN IS UP 147 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 4.576 UP 6 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.398 UP 6 BASIS POINTS.
REAR VIEW: NY Fed SCE inflation expectations tick down on the 1yr, with 3- & 5yr left unchanged; Japanese PM Takaichi wins landslide election victory; China is reported urging banks to curb exposure to USTs; Iran’s Atomic Chief said Tehran could dilute its highly enriched uranium if all sanctions are lifted; Qatar reportedly pushes the start of its LNG expansion; UK PM Starmer stands his ground as PM & cabinet ministers support him; Alphabet set to raise USD 20bln from dollar bond sale.
2. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
MARKET WRAP
Stocks continued to gain on Monday, with tech once again leading the upside, with semis largely outperforming. Nvidia (NVDA) shares rallied, seemingly continuing to benefit from the hiked CapEx plans announced alongside earnings from AMZN, META and GOOGL. The Nasdaq outperformed while the Dow lagged; sectors were predominantly firmer, with Tech and Materials leading, while Consumer Staples and Healthcare lagged. T-Notes had largely managed to pare earlier losses with the initial downside stemming from weakness in JGBs after the Japan election, with lows seen after reports that China is urging banks to curb US Treasury exposure. Alphabet (GOOGL) also hit the market with an upsized USD 20bln 7-parter, although T-Notes settled largely flat. In FX, the Yen was one of the outperformers after the Takaichi landslide in the election, which resulted in bolstered rate hike bets from the BoJ due to her pro-growth policies. The Yen strength and reports of China curbing UST exposure weighed on the Dollar to see it clearly underperform, propping up G10 currencies. Metals continued to rebound, with gold reclaiming USD 5,000/oz. In the UK, the political landscape continues to dictate UK assets with both Gilts and pounds rebounding from morning lows after PM Starmer’s cabinet publicly supported the PM in the face of calls to resign. Attention this week turns to the US NFP on Wednesday and CPI on Friday, while bond traders will be eyeing 3, 10 and 30-year supply. Energy traders will be eyeing further talks between US and Iran, with crude prices settling in the green today, albeit primarily due to dollar weakness.
US
NY FED: The NY Fed Survey of consumer expectations saw a modest improvement in earnings, job loss and job finding expectations. The median one-year ahead inflation expectation dropped to 3.1% from 3.4%, with the three and five-year steady at 3.0%. Earnings growth expectations rose by 0.2% to 2.7%, primarily driven by households with an income of under USD 50,000. Regarding employment, the mean expected probability of losing one’s job in the next twelve months decreased by 0.4% to 14.8%, remaining slightly above the trailing 12-month average of 14.6%. The mean expected probability of finding a job in the next three months if current jobs were lost increased by 2.5% to 45.6%, remaining below the trailing 12-month average of 48.6%. Perceptions about households’ current financial situations deteriorated, with a larger share of respondents reporting a worse financial situation compared to a year ago. Year-ahead expectations about households’ financial situations also deteriorated, with a smaller share expecting to be better off a year from now and a larger share expecting to be worse off.
FIXED INCOME
T-NOTE FUTURES (H6) SETTLED 2+ TICKS HIGHER AT 112-06
T-Notes settle flat despite early weakness on reports China is to curb UST exposure. At settlement, 2-year -1.0bps at 3.485%, 3-year -1.2bps at 3.555%, 5-year -1.2bps at 3.743%, 7-year -0.9bps at 3.964%, 10-year -0.8bps at 4.198%, 20-year -0.6bps at 4.791%, 30-year -0.7bps at 4.848%,
THE DAY: T-Notes gapped lower on the resumption of trade Sunday night, feeling the pressure of JGBs after PM Takaichi’s land-slide victory in the snap election, regaining full legislative control. T-Notes did gradually pare somewhat overnight, but fresh lows were seen early European morning after Bloomberg reported that China is urging banks to curb its exposure to US Treasuries. Nonetheless, the dip was bought once again. Some follow-on pressure was felt after Alphabet (GOOGL) announced 7-part issuance, which was later announced to fund up to USD 15bln, before being upsized to USD 20bln following strong demand with bids at over USD 100bln. Thereafter, the move pared once again with upside tracking Gilts higher as UK debt moved off lows following vocal support for UK PM Starmer from key members on his team, including Angela Rayner and Wes Streeting, both of whom had been touted as a potential successor should Starmer no longer be PM. T-Notes ultimately settled flat with attention turning to Treasury supply this week (3, 10 and 30-year), and also key economic data: NFP and CPI, both will help shape Fed rate expectations with markets not pricing in any more rate cuts until the summer, but with two rate cuts now fully priced. Although rate cuts are priced further out the year, some of that likely reflects the change in Fed leadership, with Warsh the nominee to replace Chair Powell when his term (as Chairman) expires in May.
SUPPLY
Bills
US to sell USD 90bln of 6-week bills on February 10th; to settle on February 12th
US sold 3-month bills at a high rate of of 3.60%, B/C 2.76x; Sold 6-month bills at a high rate of 3.500%, B/C 2.76x
Notes
US to sell USD 58bln in 3-year notes on February 10th, USD 42bln in 10-year notes on February 11th, and USD 25bln in 30-year bonds on February 12th.
STIRS/OPERATIONS
Market Implied Fed Rate Cut Pricing: March 3.7bps (prev. 1.3bps), April 8.2bps (prev. 5.3bps), June 23.2bps (prev. 16.8bps), December 55.7bps (prev. 49.2bps).
NY Fed RRP op demand at USD 1.3bln (prev. 3.11bln) across 10 counterparties (prev. 6)
EFFR at 3.64% (prev. 3.64%), volumes at USD 106bln (prev. 110bln) on February 6th
SOFR at 3.64% (prev. 3.65%), volumes at USD 3.195tln (prev. 3.228tln) on February 6th.
CRUDE
WTI (H6) SETTLED USD 0.81 HIGHER AT 64.36/BBL; BRENT (J6) SETTLED USD 0.99 HIGHER AT 69.04/BBL
The crude complex began the week on a firmer footing and was buoyed by broader risk sentiment and Dollar weakness. Overnight, WTI and Brent edged lower to hit troughs of USD 62.62/bbl and 67.02, respectively, before spiking higher during the European morning on reports that Qatar pushed the start of its LNG expansion to the end of 2026. Thereafter, the next catalyst initiating some downticks came via ISNA, who said Iran’s Atomic Chief Eslami remarked Tehran could dilute its highly enriched uranium if all sanctions are lifted. Following this, it was one-way trade for oil to see WTI and Brent hit peaks of USD 64.88/bbl and 69.45 as risk on sentiment supported, as well as heavy selling of the Dollar. On the supply side of things, Tengiz plans to return to peak production of 120k T per day by February 23rd, while separate reports noted Venezuela’s crude production nears 1mln BPD following output cut reversal; sources also reported that output at the main oil region, Orinoco belt, gained more than 100k BPD to some 500k BPD after PDVSA’s cut reversal.
EQUITIES
CLOSES: SPX +0.42% at 6,961, NDX +0.77% at 25,268, DJI +0.04% at 50,136, RUT +0.68% at 2,689.
SECTORS: Technology +1.59%, Materials +1.44%, Energy +0.83%, Communication Services +0.80%, Real Estate +0.59%, Industrials +0.33%, Utilities +0.31%, Consumer Discretionary -0.35%, Financials -0.62%, Consumer Staples -0.86%, Health -0.86%.
EUROPEAN CLOSES: Euro Stoxx 50 +1.02% at 6,059, Dax 40 +1.15% at 25,005, FTSE 100 +0.16% at 10,386, CAC 40 +0.60% at 8,323, FTSE MIB +2.06% at 46,823, IBEX 35 +1.40% at 18,195, PSI +1.13% at 8,991, SMI +0.06% at 13,521, AEX +0.37% at 999
STOCKS SPECIFICS
Kroger (KR): Plans to appoint former Walmart executive Greg Foran as its next CEO.
Kyndryl Holdings (KD): Missed EPS, disclosed internal control weaknesses, filed a non-timely 10-Q, and announced CFO changes.
Nexstar (NXST), Tegna (TGNA): Trump expressed support for a potential merger between Nexstar & Tegna.
Eli Lilly (LLY): To acquire Orna Therapeutics w/ transaction valued at $2.4bln.
Block (XYZ): Cutting up to 10% of its workforce as part of a broader efficiency & business overhaul.
Meta (META): EU Commission has notified META of possible interim measures to reverse exclusion of third-party AI assistants from WhatsApp.
Cleveland-Cliffs (CLF): Revenue light.Becton, Dickinson (BDX): Q4 metrics strong, but revised FY profit view much lower.
Hims & Hers Health (HIMS): Will stop selling a copycat version of Novo Nordisk’s Wegovy weight-loss pill.
FX
The Dollar Index was heavily sold on Monday, to the benefit of global peers, with pressure initially stemming from broad Yen strength post-election and also Bloomberg reports that China is urging banks to curb UST exposure amid market risk. Whilst these two catalysts hindered the Greenback, with the latter particularly reviving the “Sell America” theme. Broader risk-on sentiment also weighed. On Monday, there was a lack of tier 1 data and Fed speak as participants await the US jobs report (Wed) and CPI (Fri). For the record, January’s NY Fed Survey of Consumer Expectations saw the 1yr ahead inflation expectations revised lower to 3.1% from 3.4% in December, with both 3yr and 5yr ahead left unchanged at 3%.
All G10FX saw gains vs. the Dollar, with the AUD and CHF outperforming, and the GBP the relative underperformer, albeit still strengthening. The Pound is currently gripped by its own domestic political turmoil, with continued calls for PM Starmer to resign, with UK Labour MP Sarwar even calling for Starmer to step down today. However, some of the immediate risk has subsided after cabinet ministers backed him to stay in office, which now favours the narrative that he will remain until at least the May local elections. Cable hit a low of 1.3587 against a high of 1.3700.
AUD was buoyed by the aforementioned risk sentiment and gains in precious metals, with the Yen seeing support from the Japanese election overnight, whereby PM Takaichi won by a landslide and supermajority. USD/JPY topped out at 157.72 upon the reopening of trade, before reversing sharply as JPY buying accelerated, with USD/JPY eventually hitting a low of 155.52 as drivers included expectations of an LDP landslide, higher JGB yields, jawboning from Finance Minister Katayama, rising April BoJ hike odds (~60%), and PM Takaichi’s commitment to fiscal discipline. Ahead, Barclays brought forward its expected 25bps BoJ hike to April and lifted its terminal rate forecast to 1.5%.
USA DATA RELEASES
Consumer Credit Smashes All Estimates As Monthly Credit Card Debt Unexpectedly Surges By Most In 2 Years
Friday, Feb 06, 2026 – 03:58 PM
2025 closed with a surprising surge in consumer spending and retail sales, one which was unexpected since personal savings at the end of the year had just ground to a 3 year low…
… which when coupled with stagnant earnings prompted the question just where did consumers get the money for December’s spending spree.
We now have the answer: at 3pm today, the Fed published the latest consumer credit data, and boy was it a doozy. After November’s tepid $4.2 billion increase in total consumer credit (which came in below estimates even after today’s revision to $4.7 billion), consensus was looking for a modest bounce to $8 billion, or well below the post-covid average. Instead, what the Fed reported was a stunner: consumer credit soared by a whopping $24.045 billion, the biggest monthly increase of 2025 by a wide margin (only Dec. 2024 was bigger going back all the way to 2023),..
and not only was the number 3x higher than the median forecast, it came in above the highest economist forecast, in this case from RBC’s Michael Reid at $22.7 billion.
The breakdown shows that while the increase in non-revolving credit, or auto and student loans, was a bit more than recent monthly prints at $10.2 or the highest since May ’25…
… it was the surge in credit card debt (i.e. revolving credit) that was the big delta in the December numbers: at $13.8 billion, a huge jump from the $1.7 billion drop in November, this was the biggest monthly increase since 2023!
In other words, the unexpectedly strong close to the end of the year was funded by the same old source: credit cards, and as in all previous credit card fueled surges, this one too will have to be repaid, pulling from future spending at some point, although it very well may not if credit card companies just tacitly approve some more dry powder and instead just bury the average American under even more debt.
As for student and auto loans, it was a surprisingly tame quarter because even though nonrevolving credit closed 2026 at a new record high of $3.780 trillion (with the two largest components student and car loans at $1.856 trillion and $1.562 trillion, respectively), the increase in the quarter was modest at best, up just $2.6 billion for student loans, and $0.8 billion for auto loans. What is remarkable is that auto loans actually declined in 2025 which may explain why the car industry has been so bad in 2025.
Finally, and this will come as a surprise to nobody, despite 1.75% in rate cuts by the Fed since last September, we can now confirm that rates on credit cards have gone… nowhere as banks continue to bleed US consumers dry: at the middle of 2023 the average rate on credit card accounts was 22.16%… and on Dec 31, 2025 – and a half years years later, the number was higher at 22.30%, just barely below the all time high of 23.37% set one year ago. And all thise despite 6 rate cuts by the Fed.
One almost wonders: if it’s not the Fed setting rates on consumer credit, what’s the point of having a central banks?
USA ECONOMIC REPORTS
CALIFORNIA
Loeffler: SBA Suspends Over 100,000 California Borrowers In Pandemic-Loan Fraud Sweep
Sunday, Feb 08, 2026 – 09:35 PM
The U.S. Small Business Administration said Friday it has suspended more than 100,000 California borrowers amid suspected fraud tied to pandemic-era relief programs, a move the agency said represents one of the largest enforcement actions since Covid-19 aid was rolled out.
111,620 California borrowers were linked to suspected fraudulent activity involving Paycheck Protection Program and Economic Injury Disaster Loan funds. Those borrowers received 118,489 loans totaling more than $8.6 billion, according to the agency.
SBA Administrator Kelly Loefflersaid the action reflects a broader crackdown on abuse of emergency lending programs created during the pandemic. “Once again, the Trump SBA is taking decisive action to deliver accountability in a state whose unaccountable welfare policies have created a culture of fraud and abuse at the expense of law-abiding taxpayers and small business owners,” Loeffler said in a statement.
‘WE’RE PROSECUTING’: SBA Administrator Kelly Loeffler says the agency suspended more than 111,000 California borrowers after uncovering $8.6 billion in suspected fraudulent activity linked to the COVID pandemic:
The programs were designed to help businesses stay afloat during pandemic shutdowns – however both have been plagued by fraud since their rapid deployment, prompting years of investigations by federal watchdogs and law-enforcement agencies.
The California action follows a similar enforcement effort announced last month inMinnesota, where the SBA said it suspended 6,900 borrowers after identifying what it described as widespread suspected fraud. In that review, the agency flagged nearly $400 million in potentially fraudulent PPP and EIDL loans tied to about 7,900 approvals during the pandemic, according to Loeffler.
“As we did in Minnesota, we are actively working with federal law enforcement to identify the criminals who defrauded American taxpayers, hold them to account and recoup the stolen funds,” Loeffler said. “As we continue our state-by-state work, our message is clear: Pandemic-era fraudsters will not get a pass under this administration.”
The SBA has previously said at least $2.5 million in PPP and EIDL funds were linked to a Somali-connected fraud scheme based in Minneapolis, underscoring how organized networks exploited gaps in oversight as billions of dollars were rushed out the door during the public-health emergency.
Loeffler said the scale of the California suspensions highlights what she characterized as years of insufficient enforcement. The announcement criticized what she described as tolerance of fraud under the Biden administration, while framing the current actions as part of a renewed push under the Trump administration to recover misspent funds and pursue criminal accountability.
The SBA said its review of pandemic lending is ongoing, with additional state-by-state actions expected as investigations continue.
KING NEWS
The King Report February 9, 2026 – Issue 7676
On Thursday night, the U.S. Embassy warned US citizens to “leave Iran now.”
Bitcoin rallied sharply on Friday because Bessent touted cryptocurrencies at a Senate hearing on the Clarity Act, proclaiming, “The digital asset revolution is here, and I am confident that with leadership from both sides of the aisle we can get this across the finish line.” https://x.com/BitcoinMagazine/status/2019789236837240905
The Clarity Act defines digital assets and their operation in the US.
DJT & friends have a blatant conflict of interests in crypto matters.
US stocks soared on Friday. The usual suspects desperately needed to force stocks higher after the serious technical damage that occurred earlier in the week. Also, ‘they’ needed to force AI-related stocks higher because the known world is over invested in them, and those issues have broken down severely.
The Dow soars by almost 1,000 points as Wall Street rebounds from a meltdown over new AI products (panicky short covering, and ‘impact trading’ to boost prices) https://cnn.it/4bFp4YB
ESHs fell sharply early on Thursday night due to Amazon’s disappointing result and $200B capex announcement. After hitting a daily low of 6751.50 at 19:13 ET, aggressive buying appeared. ESHs intractably rallied, with a mini surge at the NYSE opening, until they hit a daily high of 6965.50 (+214.50 from low) at 15:51 ET. ESHs retreated to 6947.00 at 16:00 ET. There were no significant retreats during the Friday rally. There was NO news to warrant the huge rally. It looked like an operation to force stuff higher! Trump crowed about the rally on Trump Truth Social!
February UM Sentiment 57.3 (-11.4% y/y), 55 expected, prior 56.4 Current Conditions 58.3 (-11.3% y/y), 53,7 expected, prior 55.4 Expectations 56.6 -11.6% y/y), 55.1 expected, prior 57 1-year Inflation 3.5%, 4% expected and prior 5-10-year Inflation 3.4%, 3.3% expected and prior
UM’s Joanne Dru: Sentiment surged for consumers with the largest stock portfolios, while it stagnated and remained at dismal levels for consumers without stock holdings… https://www.sca.isr.umich.edu/
Trump: “I think we have the best economy maybe we’ve ever had. 50,000 the Dow hit. Most people felt if I could do that in my fourth year … We did it in my first year.” Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term.REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the United States Supreme Court is watching.
BBG: White House Explores Opening Antitrust Probe into Homebuilders Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis. The Department of Justice could open the probe in the coming weeks, according to people familiar with the discussions. No decision has been made and the administration may abandon the effort without launching an investigation, the people said, asking not to be identified discussing non-public information.
Trump keeps trying to blame others and gaslight Americans as to the cause of US inflation – because the self-proclaimed “King of Debt” is culpable for the intractable US inflation due to his massive fiscal spending and budget deficits. Trump has created about $10.32 trillion of debt in his budgets (5 years).
US debt under Trump soared $8 Trillion or 40% from his January 2017 inauguration until Biden’s January 2021 inauguration. US debt soared $8 Trillion during Biden’s term, or 28.77%. US debt during Trump’s 2nd term has jumped $2.32 Trillion in ONE YEAR!
US Outstanding Debt – A significant chunk of the ‘Biden Inflation’ was seeded by Trump (rectangles), particularly the surge in Covid-related spending in 2020.
Positive aspects of previous session Stocks soared; the DJIA hit an all-time high (50,169.65) and closed at an all-time high (50,115.67) Nvidia soared as much as 8.5% on panic short covering and renewed AI capex euphoria.
Negative aspects of previous session The massive equity rally on Friday did not appear to be organic.
Ambiguous aspects of previous session Who is ‘in trouble’ due to Bitcoin?
First Hour/Last Hour NYSE Action [S&P 500 Index]: 1st Hour: Up; Last Hour: Up
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6897.98 Previous session S&P 500 Index High/Low: 6944.89; 6916.74
Warsh Call for Fed-Treasury Accord Stirs Debate in $30 Trillion Bond Market Neither Warsh nor Treasury Secretary Scott Bessent has detailed what they may consider after the former Fed governor takes the helm… a more ambitious effort involving a shake-up of the Fed’s current, $6 trillion-plus securities portfolio could see increased volatility and — depending on the scenario — deepening concern over the US central bank’s independence… “A public agreement that synchronizes the Fed’s balance sheet with Treasury financing explicitly ties monetary operations to deficits.” And that was exactly what the 1951 agreement brought to an end. “Investors will read this as implying that Bessent will have a soft veto” on any quantitative tightening plans… https://finance.yahoo.com/news/warsh-call-fed-treasury-accord-200000177.html
Bessent says Fed will take its time on balance sheet moves Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance sheet, even under Fed chief nominee Kevin Warsh, who has criticized the central bank’s bond purchases… https://trib.al/4uIn9RB
Armed suspect posing as Secret Service shot dead (Portland), bullets had inscription on Trump Police said the man fled the scene with the handgun after it failed to work properly but left behind an instrument case that contained a loaded shotgun with threatening messages inscribed on the shells that named President Donald Trump. (Dems & MSM excoriate DJT & others when violence against one of ‘theirs’ occurs. Are ‘they’ culpable for yet another assassination attempt of DJT? Will there be riots?) https://justthenews.com/nation/crime/armed-suspect-posing-secret-service-shot-dead-bullets-had-inscription-trump
@EmeraldRobinson: Trump and his WH officials don’t seem to realize that Democrat Senate staffers are building corruption cases against them all. Right now. Yes, I have sources that have confirmed it. These are serious criminal cases. Everybody’s going to jail if the Dems win in 2029.
@FRANCE24: Trump hails ‘very good’ Iran talks, says negotiations will continue early next week
Iran ruled out any negotiations on its ballistic missile program. Numerous reports say Israeli warned Trump that Iran’s missiles must be destroyed and if DJT balks, Israeli will destroy them.
Trump wanted Dulles Airport and Penn Station named after him as condition of releasing rail tunnel funds – Trump administration officials made it known to Senate Minority Leader Chuck Schumer that the president would release federal funds for a massive rail tunnel project connecting New York and New Jersey on the condition that two major travel hubs be renamed in his honor, according to three people with knowledge of the request… https://www.politico.com/news/2026/02/05/trump-wanted-dulles-airport-and-penn-station-named-after-him-to-release-rail-tunnel-funds-00768242
Japan PM Sanae Takaichi won the snap election in landslide, exit polls project.
If spirited buying appears during the 1st hour, any breach of the low could unleash professional selling.
ESHs are +12.50, NQAs are +73.50; USHs are -5/32; while SI and AU are smartly higher at 21:17 ET.
Fed Speakers: Gov Waller 13:30 ET on digital assets (LMAO!), Atlanta Fed Pres Bostic 15:15 ET
S&P Index 50-day MA: 6886; 100-day MA: 6800; 150-day MA: 6664; 200-day MA: 6470 DJIA 50-day MA: 48,616;100-day MA: 47,641; 150-day MA: 46,703; 200-day MA: 45,574 (Green is positive slope; Red is negative slope)
S&P 500 Index (6932.30 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 6443.43 triggers a sell signal Daily: Trender and MACD are negative – a close above 6981.45 triggers a buy signal Hourly: Trender and MACD are positive – a close below 6876.29 triggers a sell signal
@amuse: FBI Atlanta Chief Paul Brown warned Fulton County elections officials about a coming raid & even shared a list of items agents planned to seize. He was removed just before the warrant was executed. This is a compromised bureau.https://t.co/FGlLTCg41f
@C__Herridge: Credible sources tell me that elements of the Intelligence Community (IC), federal law enforcement and Congress have targeted @DNIGabbard‘ s Director’s Initiative Group or DIG because it revealed “uncomfortable facts and findings” on several matters entrenched members of these bureaucracies don’t want out there. I understand the push has been to “disband, dismantle or diminish the impact of the DIG and its work.” As one example, I confirmed through multiple sources that the report and findings into Directed Energy Attacks or AHIs (Anomalous Health Incidents) were finalized and prepped for release weeks ago. But there is strong IC resistance to releasing it… https://x.com/C__Herridge/status/2019560166836879710
Why Is the Deep State Targeting DNI Tulsi Gabbard with Such Ferocity? Washington DC created the modern national security apparatus immediately and hurriedly after 9/11/01. DHS came along in 2002, and within the Intelligence Reform and Terrorism Prevention Act of 2004 the ODNI was formed. When Barack Obama and Eric Holder arrived a few years later, those newly formed institutions were viewed as opportunities to create a very specific national security apparatus that would focus almost exclusively against their political opposition… The DNI can assemble material from any silo. Meaning the DNI can reach into any IC silo and extract anything they want… The DNI can make the FBI, DOJ, DOJ-NSD, DoD, DoS and CIA provide anything and everything they demand… With DNI Tulsi Gabbard putting strategic pressure from the inside, and We The People putting accountability pressure from the outside, this Deep State intelligence nut just might begin to crack… https://theconservativetreehouse.com/blog/2026/02/06/why-is-the-deep-state-targeting-dni-tulsi-gabbard-with-such-ferocity/
Gabbard’s investigation into US election abuses has terrified US pols and the Deep State.
@nicksortor: (NYC Mayor) Zohran Mamdani says Americans should look to ISLAM and “Prophet Muhammad” to support mass migration. Except there’s one problem: non-Muslims are NOT allowed in the Muslim “holy land” of Mecca, Muhammad’s birthplace. You’ll be deported immediately. https://x.com/nicksortor/status/2019822816334606681
@EmeraldRobinson: The best way to support Trump is to CRITICIZE HIM WHEN HE GETS IT WRONG. Which happens a lot lately. Only morons & fools praise every move as equally great while yelling “4-D chess!” & “trust the plan!” When his base complains LOUDLY, Trump changes course. It’s not a cult.
@DavidGiglioCA: Does anyone think it’s a coincidence that Susie Wiles (DJT Chief of Staff), who worked for Bibi and Pam Bondi, who played a key role in Epstein getting a sweetheart deal in FL, have gone to great lengths to bury the Epstein Files? (Wiles’ background is campaigning & lobbying; she worked on Bibi’ 2020 campaign)
The outrage over Trump’s TACO on mass deportations induced Trump to TACO on that TACO!
Trump on Saturday: Deport every single 3rd world migrant, illegal alien & America hating Visa holder or surrender your nation the way the UK have, and watch your society collapse in the coming years.”
@iAnonPatriot: Liberal white woman says she was TERRIFIED when an ICE agent walked up to her car window and told her to stop stalking them… “I literally had to drive away somewhere and take some deep breaths…” (Liberal privilege has inoculated ‘them’ from the law and the consequences of their actions) https://x.com/iAnonPatriot/status/2019918536806637592
The Dark Side of Involving Kids in Resistance: Why America’s Protests Are Crossing a Line As a retired Green Beret with years of overseas service in special operations, I have seen firsthand how desperate groups resort to using children in their fights. It never ends well, and it’s always a sign of moral decay. Now, watching similar tactics emerge in America with kids being pulled into anti-ICE operations and street protests, it’s time to call it out. This isn’t bravery. It’s exploitation…It’s a form of abuse that prioritizes ideology over safety… https://x.com/Schwalm5132/status/2020137779187867731
NY Post’s Phil Mushnik: Everything in Roger Goodell’s NFL is designed to make you feel sick Can’t wait for pandering Roger Goodell’s latest halftime extravaganza in tribute to the continued degradation of American society and common decency as per the nation’s involuntary capitulation to incivility. In other words, I sure hope Bad Bunny performs his soothing rap/song/ballad/whatever “Monaco” or one of his other pornographic numbers…
@WideThe27: Have you noticed the lack of hype for the (Super Bowl) game? You almost have to search to find out the teams playing. The only talk is BB. @WhitlockJason: Not one thing a participating player or coach said this week made news. The game is an afterthought.Roger Goodell steered the NFL into an iceberg. The ship starts taking on water today. The new ratings systems will no longer masks what Goodell and Troy Vincent did to football.
@ShadowofEzra: The survivors of Jeffrey Epstein are set to air a Super Bowl ad tonight, telling millions of viewers that three million Epstein-related files are still missing.The ad directly calls out Attorney General Pam Bondi, demanding the full release of all Epstein files. https://x.com/ShadowofEzra/status/2020563338816545047
Daily Mail: Statement announcing Jeffrey Epstein’s death emerges from files… but it’s dated a day before he killed himself in his cell – The document, issued by the United States Attorney’s Office for the Southern District of New York and dated Friday, August 9, 2019, states that Epstein had already been found unresponsive and pronounced dead. But prison records and official accounts show Epstein was not discovered unresponsive until the morning of August 10, 2019… https://www.dailymail.co.uk/news/article-15539609/Statement-announcing-Jeffrey-Epsteins-death-wrong-date.html
FBI on RECORD PROTECTING FORMER US PRESIDENTS, SECRETARY of STATE, and HIGH PROFILE CELEBRITIES – Internal FBI discussions allegedly show “clear and specific guidance” to redact images tied to former U.S. presidents, a secretary of state, and major celebrities. https://x.com/TheEpsteinFiles/status/2020203170346201455/photo/1
Ex-MLB top pitcher Curt Schilling @gehrig38: Ok enough. Patel, Bondi, Mr President, stop posting all these “Bombshells” and start f’ing doing something. I don’t want to hear another bombshell unless it’s accompanied by a perp walk picture. I’ve heard a crap ton of “when I get into office I’m gonna…”, you’re in office, start your Nike assault and “Just Do It”.
@elonmusk: I will pay for the defense of anyone who speaks the truth about this (Epstein Files info) and is sued for doing so
@akafaceUS: TX House Dem Rep Gene Wu is facing widespread demands to step down after remarks… “Non-whites share the same oppressor, and we are the majority now. We can take over this country.” https://x.com/akafaceUS/status/2020526904504410536
Trump: America’s Elections are Rigged, Stolen, and a Laughingstock all over the World. We are either going to fix them, or we won’t have a Country any longer. I am asking all Republicans to fight for the following: SAVE AMERICA ACT! 1. ALL VOTERS MUST SHOW VOTER ID. 2. ALL VOTERS MUST SHOW PROOF OF UNITED STATES CITIZENSHIP TO REGISTER FOR VOTING. 3. NO MAIL-IN BALLOTS (EXCEPT FOR ILLNESS, DISABILITY, MILITARY, OR TRAVEL!).
@C_3C_3: Mail in ballots for the 6 POTUS elections:
2004: 15 million 2008: 23 million 2012: 27 million 2016: 33 million 2020: 70 million 2024: 49 million
Anything stand out to you?
@JonathanTurley: That was particularly glaring this week when Sen. Jon Ossoff (D-Ga.) required people to show an ID to attend his campaign events after opposing an ID requirement to vote. So, if you want to hear Ossoff speak against voter ID, you will have to show your ID.
@mboyle1: Video of @JDVanceVP getting introduced at the Olympics and I’m not hearing any boos in this at all. Seems like establishment media might be concocting another fake news narrative here. Watch for yourself and decide for yourself. (A CBC reporter said VP Vance was booed.) https://x.com/mboyle1/status/2020143594930159756
Carl Jung: “The world is full of people suffering from the effects of their own unlived life. They become bitter, critical, or rigid, not because the world is cruel to them, but because they have betrayed their own inner possibilities… And yet, all of them suffer, because deep down they know: the life they mock is the life they were meant to live.”
One thing we should never see is judges high-fiving criminals at parties; they enforce the law, not celebrate those who mock it. Neutrality demands distance from chaos, especially when robes hang in the closet. Attending events that trash law enforcement turns impartiality into a punchline.
“While it is by no means unheard of or unusual for a Supreme Court justice to attend a public function, very rarely—if ever—have justices of our nation’s highest Court been present at an event at which attendees have amplified such far-left rhetoric,” Blackburn wrote in a letter to Roberts.
Blackburn, who sits on the Senate Judiciary Committee, called for an investigation into whether Jackson’s actions violate the high court’s Code of Conduct and would require her to recuse herself from certain cases.
During speeches filled with anti-ICE rhetoric, Jackson clapped along with attendees who also wore “ICE Out” pins, while speakers shouted “F— ICE” and “No one is illegal on stolen land.”
Jackson’s Grammy Night
Jackson attended the Grammys, nominated for narrating the audiobook of her memoir, Lovely One. She lost to Patti LuPone, but stayed for the show.
Blackburn argued that Jackson’s presence at an event that amplified far-left rhetoricviolates the Supreme Court Code of Conduct, which requires justices to avoid actions that undermine public confidence in impartiality.
Questions of Bias and Recusal
Highlighting potential recusal issues, Blackburn said Jackson should step aside from immigration cases, such as those involving birthright citizenship or ICE operations.
Applauding calls to abolish ICE suggests bias against enforcement, unlike the baseless attacks on Justices Samuel Alito and Clarence Thomas. Jackson’s actions raise genuine concerns about impartiality. She swore an oath to uphold the law, yet cheered rhetoric that trashes border security.
Forgetting the Robe
Jackson enjoys theater and music, but Supreme Court justices hold a unique position; ordinary people freely applaud, while justices represent the law’s integrity.
Showing up at an anti-ICE rally mocks that duty; she forgot her job requires neutrality, not nods to celebrities cursing federal agents.
That’s the choice that disqualifies her from any future ICE-related litigation, where recusal protects justices from perceived favoritism.
Broader Implications
Coinciding with Trump’s deportation pushes in Minneapolis, activists at the Grammys pushed out anti-ICE messages, turning the event into a protest. Jackson’s applause aligns her with that crowd. Blackburn contrasted it with Democratic demands for conservative justices’ recusal. If Jackson ignores the code, it erodes trust in the court.
Chief Justice Roberts needs to act to maintain standards.
Final Thoughts
Supreme Court justices hold a position unlike any other: they interpret and uphold the Constitution, not openly cheer for defiance. Ordinary people can clap at concerts without consequence, but when a justice claps and nods along to chants that demonize federal law enforcement, the robe’s weight should demand justice.
Jackson’s choice to attend and applaud that night traded judicial restraint for celebrity applause. Impartiality isn’t optional: it’s the job.
When any justice forgets that, the court itself loses credibility, one careless clap at a time.
Judicial scandals demand accountability, not excuses. Blackburn’s push highlights how personal choices undermine public trust.
What the fXXk is wrong with that bitch Ketanji Brown Jackson, clapping her ass off at the Grammys for some bullshit like “ICE OUT”? This Supreme Court justice, supposed to be upholding the law, but nah, she’s out there celebrating whatever the hell that trash is, probably some lowlife rapper glorifying crime or whatever fucked up message it carries. She’s a disgrace to the bench, a fucking embarrassment to the entire judiciary system, pandering to celebrities like a starstruck whore while the country’s going to hell. I hate her smug fucking face, thinking she’s all progressive and cool, but really she’s just a hypocritical cunt who doesn’t give a damn about real justice! Remove her ass now before she poisons more decisions with her woke bullshit. Impeach the bitch and let someone with a spine take over before she turns the whole system into a celebrity circle jerk.
end
Trump Admin Refuses To Comply With Immigration Court Order
Sunday, Feb 08, 2026 – 02:35 PM
The Trump administration has drawn a line in the sand.
It will not comply with a federal court order demanding due process for 252 Venezuelan migrants deported to a maximum-security prison in El Salvador last March under the 1798 Alien Enemies Act.
The Justice Department made that position clear in a new filing, setting up a collision course with U.S. District Judge James Boasberg and a near-certain return to the Supreme Court.
The case has emerged as a defining test of judicial power in Trump’s second term, pitting the executive branch’s immigration authority against the federal courts and their ability to enforce constitutional protections for illegal immigrant gang members.
The Venezuelans were flown to El Salvador in March 2025 despite an emergency order from Boasberg instructing the administration to halt the deportations and turn the planes around mid-flight. That decision triggered an eleven-month legal battle that reached the Supreme Court in April after months of wrangling in the lower courts.
The justices ruled in the government’s favor on its authority to invoke the Alien Enemies Act, but Boasberg, an Obama appointee, doubled down in December, issuing another order directing the government to “facilitate” due process for the migrants who had already been deported. He presented two options: bring the men back to the United States for in-person hearings or facilitate hearings abroad that meet constitutional standards.
The Justice Department rejected both options in its Monday filing.
“In its filing Monday, the Justice Department argued again that the administration is powerless to return the Venezuelan migrants who were summarily deported last year,” reports Fox News. “The department rejected the notion that the U.S. could ‘facilitate’ due process proceedings for the migrants in question as previously ordered by the court, describing the options to do so as either legally impossible or practically unworkable due to national security concerns and the fragile political situation in Venezuela after the U.S. capture of Venezuelan strongman Nicolás Maduro during a raid in Caracas last month.”
Justice Department lawyers argued that returning the migrants is legally impossible and presents national security risks. They cited strained diplomatic relations with Venezuela and the alleged gang ties of the deportees. The filing also dismissed the idea of holding hearings at the U.S. embassy in Caracas, citing the recent capture of Nicolás Maduro and the resulting political instability. The department further contended that the United States lacks jurisdiction to conduct habeas proceedings abroad and that attempting to do so would interfere with delicate diplomatic efforts.
The filing made clear that the administration believes it owes the migrants no additional due process. If Boasberg orders otherwise, Justice Department lawyers said they would immediately appeal and seek a stay from higher courts.
The department maintained that the president’s use of the Alien Enemies Act represents a national security decision outside the proper reach of judicial review.
“If, over defendants’ vehement legal and practical objections, the Court issues an injunction, defendants intend to immediately appeal, and will seek a stay pending appeal from this Court (and, if necessary, from the D.C. Circuit),” the Justice Department said in a statement.
Boasberg has attempted to dictate what the executive branch can do on immigration policy, an area where presidential authority is broad and judicial deference is typically the norm. Similar demands for court-mandated due process protocols were absent during the Obama administration, which deported immigrants in record numbers. During those years, the federal government shifted sharply from judicial removals to fast-track, nonjudicial proceedings. By 2012, 75 percent of illegals removed did not see a judge before being deported from the United States, amounting to 313,000 nonjudicial removals in a single fiscal year.
The Trump administration views the current legal fight as an extension of that same presidential authority enjoyed by Barack Obama. It sees Boasberg and other judges issuing immigration orders as rogue actors seeking to seize control of enforcement policy from the executive branch.
END
Dems Melting Down Over Voter ID As DHS Shutdown Talks Hit Wall
Monday, Feb 09, 2026 – 06:55 AM
Update on the latest negotiations to keep the Department of Homeland Security funded beyond next Friday, which requires at least 60 votes to pass unless the filibuster is done away with.
Recall: Congress passed five out of six appropriations packages on Feb. 3, ending a brief partial government shutdown that began on Jan. 31 – while giving DHS, which controls ICE, a lifeline until Feb. 13 as Democrats and Republicans hash out reforms to Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) after two white knight protesters were shot while interfering with lawful ICE operations.’
Democrats have a list of 10 ‘non-negotiable’ reforms that they insist must be included in any DHS funding bill, including;
Requiring judicial warrants signed by a judge before agents can make arrests in homes or private spaces.
Mandating body-worn cameras for all enforcement actions – though serious pushback has emerged from the left over fears that facial recognition technology will be used to catalogue and track protesters.
Democratic lawmakers are now seeking to ban ICE and CBP from using facial recognition and other biometric ID technologies altogether. [ZH: Things are always interesting when the shoe is on the other foot, but why stop at DHS / CBP? Maybe protect all of us from this shit?]
Prohibiting agents from wearing masks or face coverings during operations to ensure identification.
Implementing new use-of-force standards to prevent excessive violence.
Ending racial profiling in enforcement activities.
Requiring clear identification of DHS officers (e.g., visible badges and agency markings).
Other provisions for “real accountability,” such as oversight mechanisms and restrictions on certain tactics.
Republicans are pushing to attach their own priorities to the DHS bill – primarily the Safeguard American Voter Eligibility (SAVE) Act, which would require proof of citizenship to register to vote and presentation of ID to cast ballots.
The SAVE Act, which was passed by the House in April and is currently stalled in the Senate – would require voters to present an eligible photo ID, while also requiring proof of citizenship be presented in person when registering to vote, such as a passport or birth certificate. It would also require states to remove non-citizens from existing voter rolls.
GOP leaders like Speaker Johnson and Rep. Anna Paulina Luna arguing it’s necessary for election integrity. Some Republicans also want restrictions on “sanctuary cities” that limit cooperation with federal immigration enforcement, and broader measures to crack down on illegal immigration.
Democrats Melt Down Over Voter ID
For some strange reason, Democrats are vehemently opposed to election integrity – and have brought back the well worn trope that voter ID disenfranchises people who are somehow able to produce ID to open a bank account, buy alcohol or tobacco, and obtain welfare (in states that require it!), despite scant calls to reform those activities over disenfranchisement.
🚨 WOW. Rep. Hakeem Jeffries has now ADMITTED he’s refusing to pass a law ensuring only citizens can vote in elections
Senate Minority Leader Chuck Schumer (D-NY) last week called the SAVE Act ‘Jim Crow 2.0 across the country,’ and says that the Democrats are “going to do everything we can to stop it.”
“It’s really important for us to be clear that we should be making it easier, more accessible for Americans, for U.S. citizens, to vote,” said Rep. Adelita Grijalva (D-AZ). “The SAVE Act is far from a bill that’s actually making it more possible for people to vote, and when you’re suppressing so many people, especially because of their last name, because of women, because of many reasons, I think that it makes it really difficult for us to want to support a bill like that.”
Yet, there is broad support for voter ID, including among blacks and hispanics.
Democrats in both chambers struggled to reconcile their diehard opposition when 82% of Hispanic voters and 76% of Black voters support a photo ID requirement at the polls, according to a Pew Research Center survey last year.
The survey also found that 85% of White voters and 77% of Asian American voters support requiring a government-issued photo ID to vote.
While a photo ID requirement is more popular among Republican voters, 95%, Democratic voters also widely support it, at 71%. –Washington Times
Even CNN noticed.
POLL: Support for Voter ID:
Black Voters: 76% White voters: 85% Latino voters: 82%
Assumingthis impasse remains… an impasse, eliminating the Senate filibuster – aka, the ‘nuclear option,’ would allow Republicans to bypass the 60-vote threshold to invoke cloture (ending debate) on most legislation. With Republicans currently holding a 53-47 majority in the Senate, the nuclear option would allow them to pass the SAVE Act along with overall DHS funding.
The filibuster isn’t in the Constitution – it’s a Senate rule (primarily Rule XXII) that can be changed via the nuclear option, a procedural maneuver requiring only a simple majority. This has been used before: by Democrats in 2013 for executive and lower-court nominations, and by Republicans in 2017 for Supreme Court nominees. Here’s the step-by-step process, which could be applied to appropriations bills like DHS funding or election-related legislation like the SAVE Act:
Here’s what that process would look like to push through appropriations bills such as the DHS funding bill with the SAVE Act attached;
Introduce the Bill: Senate Majority Leader John Thune (R-SD) brings the DHS funding bill (potentially with the SAVE Act attached) to the floor via a motion to proceed. Democrats begin filibustering by extending debate.
Raise a Point of Order: A Republican senator (e.g., during debate on the motion to proceed or cloture) raises a point of order, asserting that the Senate rules should be interpreted to allow cloture on this type of bill (e.g., appropriations or election integrity measures) with a simple majority of 51 votes, rather than 60.
Ruling by the Presiding Officer: The presiding officer (typically the Vice President, JD Vance in this case, or a Republican senator) rules on the point of order. If they rule in favor (agreeing cloture needs only 51 votes), it sets a new precedent. More commonly, they rule against it to follow tradition, forcing the next step.
Appeal the Ruling: If the presiding officer rules against the point of order, a Republican senator appeals the decision. This appeal is non-debatable (no filibuster possible here).
Vote to Overrule: The Senate votes on the appeal. A simple majority (51 votes) is needed to overrule the chair and establish the new precedent that cloture requires only 51 votes for the specified category. With 53 Republicans, this would pass along party lines.
Invoke Cloture and Pass the Bill: With the new precedent, Republicans move to invoke cloture with 51 votes, ending debate. They then pass the bill with another 51-vote majority. The bill goes to the House (where Republicans also hold a majority) for concurrence, then to President Trump for signature.
Clock’s ticking…
GREG HUNTER….INTERVIEWING JOE SANSOME
World Ignoring Disaster of CV19 Bioweapon Vax – Dr. Joe Sansone
Dr. Joe Sansone is a Florida psychotherapist and has been one of the only people still trying to take the CV19 bioweapon vax off the market, and, yes, the CV19 vaccine is a bioweapon. He’s suing his state of Florida and getting other states to introduce bills calling the CV19 shots bioweapons and force them off the market through legislation. The latest such bill was filed in Arizona with more to come. 270 million Americans got these awful so-called “vaccines.” There are tens of millions of dead and injured, and it’s NOT GOING AWAY, even though the world is simply ignoring the disaster caused by the CV19 bioweapon vax. Even the CDC said in a rule making meeting last September that they can no longer call the CV19 vax “safe and effective.” The CV19 vax has been proven to cause heart disease, auto immune problems, blood clotting and cause so called “turbo-cancers” that are still popping up everywhere. Keeping the CV19 bioweapon vaccines on the market is too stupid to be stupid. Dr. Sansone says, “It’s so stupid it is obviously evil. I think it’s about depopulation and the transhuman agenda. . .. One study showed a 50% reduction in lifespan, and we see birth rates declining. . .. You just can’t look the other way. What’s going on is so evil, and I ask people to get involved. . .”
The lying legacy media, the medical community, federal and state governments want to simply ignore the CV19 bioweapon vax calamity. Don’t ignore this huge problem for a minute. Dr. Sansone says, “It’s still a story because people are still continuing to get sick and die. There is a recent study from Nick Hulscher which shows after three and a half years, the spike protein was still prevalent. Also, the mRNA or plasmid DNA is in the organs and skin, and this supports the shedding as well. . ..There is also research from Dr. Villa from her clinic in Florida, and 75% of her vaxed patients have auto immune markers or problems with the immune system. . .. I know everybody wants to normalize what is going on, but this is not normal. The bad part is we are seeing people getting sick and we know why, and half the time they don’t. . .. President Trump and RFK Jr. have the power to pull these shots, and every governor and attorney general also has the power to do it.”
Dr, Sansone says, “The largest voting bloc in America right now are the people who have been poisoned by these injections. At some point, someone needs to wake these people up and energize these people. This is not just a battle for the heart and soul of America; this is a battle for our species. We have been targeted with a biological and technological weapon of mass destruction. We are going to have to, at some point, turn this around. We need to get them to stop what they are doing, and then, work on trying to mitigate the damage because most people we know will likely have a shortened life span because of the complications they are going to get from these injections over time. That’s a serious problem, and it is immoral to look the other way. It’s cowardly to look the other way, and so I am not going to look the other way. I am going to continue to fight to remove these weapons of mass destruction off the market. I am doing this by getting my bill introduced in multiple states as well as my litigation here in Florida.”
To help fund Dr. Sansone’s fight to pull the evil CV19 injections off the market, click here and here.
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Join Greg Hunter of USAWatchdog as he goes One-on-One with Dr. Joe Sansone, whose one mission in life is to stop all death and disease-causing mRNA products, which include, first and foremost, the CV19 bioweapon vax for 2.7.26.
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