I SHOULD BE BACK ON tHURSDAY//I WILL DO MY UTMOST TO DO THE COMEX DATA FOR U TOMORROW
EXCHANGE: COMEX
E
EXCHANGE: COMEX
CONTRACT: APRIL 2026 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,806.600000000 USD
INTENT DATE: 04/20/2026 DELIVERY DATE: 04/22/2026
FIRM ORG FIRM NAME ISSUED STOPPED
323 C HSBC 150
323 H HSBC 8
363 H WELLS FARGO SECURITI 240
365 C MAREX CAPITAL MARKET 72
555 C BNP PARIBAS SEC CORP 32
624 H BOFA SECURITIES 4 34
661 C JP MORGAN SECURITIES 4 59
737 C ADVANTAGE FUTURES 143
TOTAL: 373 373
GOLD: NUMBER OF NOTICES FILED FOR APRIL/2026: 373 CONTRACTs NOTICES FOR 37,300 OZ or 1.1605TONNES
total notices so far: 20,347contracts FOR 2,034,700 OZ OR 63.287 TONNES
SILVER NOTICES: 480 NOTICE(S) FILED FOR 2.40000 MILLION OZ /
total number of notices filed so far this month : 3252 CONTRACTS (NOTICES) for 16.260 million oz
SILVER//OUTLINE
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 HUGE 0.005 MILLION OZ QUEUE JUMP / : NEW STANDING FOR SILVER AT THE COMEX ADVANCES TO 25.180 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 TO OUR THIRD HUGE 2.825 MILLION OZ EXCHANGE FOR RISK!!
INITIAL STANDING FOR MARCH: A SURPRISINGLY LOW 31.076 MILLION OZ/ FOLLOWED BY A STRONG QUEUE JUMP OF 42 CONTRACTS OR 0.210 MILLION OZ/NEW STANDING REDUCES TO 46.060 MILLION OZ
INITIAL STANDING FOR APRIL: 7.120 MILLION OZ FOLLOWED BY TODAY’S 19 CONTRACT QUEUE JUMP WHERE 95,000 ADDITIONAL OZ WILL TAKE DELIVERY OVER ON THIS SIDE OF THE POND. NEW STANDING FOR SILVER AT THE COMEX THUS ADVANCES HUGELY TO 16.245 MILLION OZ
SUMMARY OF OUR APRIL 2026 COMEX CONTRACT MONTH:
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 : 82.130 MILLION OZ
MARCH: 56.075 MILLION OZ
APRIL; 24.450 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 ADVAN
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 QUEUE JUMP FOR 5,000 OZ AND THEN ADD OUR 3 EXCHANGE FOR RISK FOR 3.010 MILLION OZ STANDING ADVANCES TO 28.190 MILLION OZ!!
MARCH: INITIAL AMOUNT OF SILVER STANDING IS 31.076 MILLION OZ FOLLOWED BY A FINAL 0.210 MILLION OZ QUEUE JUMP //NEW TOTAL STANDING ADVANCES TO 46.060 MILLION OZ
APRIL 2026: INITITAL AMOUNT OF SILVER STANDING 7.120 MILLION OZ FOLLOWED BY TODAY’S 95,000 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 16.304MILLION OZ
- MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
4. AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.
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 FIRST EXCHANGE FOR PHYSICAL TRANSFER OF 0.08709 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 0.0248 TONNES 0.1555 TONNES QUEUE JUMP TO 41.2082 TONNES/ NEW NET QUEUE JUMP INCREASES TO 41.233 TONNES// AND THEN WE ADD OUR SIX EXCHANGE FOR RISK: 10,080 CONTRACTS OR 31.251 TONNES//NEW STANDING REDUCES TO 157.878 TONNES
MARCH:: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 8.099 TONNES TO WHICH WE ADD TODAY’S FAIR 4600 OZ QUEUE JUMP (0.2320 TONNES) AND THEN WE ADD OUR THREE EXCHANGE FOR RISK OF 22.3818 TONNES //NEW STANDING ADVANCES TO 67.6648 TONNES/
APRIL: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 52.600 TONNES FOLLOWED BY OUR STRONG 499 CONTRACT QUEUE JUMP FOR 49,900OZ/ (3.987 TONNES)/NEW STANDING ADVANCES TO 64.348 TONNES
MARCH:: SMALL INITIAL STANDING FOR GOLD FOR MARCH AT 8.099 TONNES TO WHICH WE ADD TODAY’S FAIR 46 CONTRACT QUEUE JUMP OF 4400 OZ OR 0.2320 TONNESAND THEN WE ADD BY OUR THREE EXCHANGE FOR RISK: 22.3818///NEW STANDING ADVANCES TO 67.6648 TONNES OF GOLD./
APRIL: INITIAL STANDING FOR GOLD; 52.600 TONNES FOLLOWED BY TODAY’S 49900OZ QUEUE JUMP(3.987 TONNES) //NEW STANDING ADVANCES TO 64.345TONNES.
STANDING FOR THE LAST 4 MONTHS JANUARY TO APRIL:
FINAL STANDING FOR GOLD, JANUARY CONTRACT AT 59.2108 TONNES OF GOLD
FEBRUARY: INITIAL STANDING FOR GOLD: 157.878 TONNES!! WHICH INCLUDES ALL QUEUE JUMPING, THREE EXCHANGE FOR PHYSICAL TRANSFERS TO LONDON AND OUR SIX ISSUANCES EXCHANGE FOR RISK!!
MARCH: INITIAL STANDING AT 8.099 TONNES TO WHICH WE ADD OUR FINAL DAY: 0.2320 TONNES QUEUE JUMP AND THEN ADD +22.3818 TONNES EXCHANGE FOR RISK//NEW STANDING ADVANCES TO 67.6648 TONNES
APRIL: INITIAL STANDING 52.600 TONNES PLUS 499,00 OZ QUEUE JUMP (1.555TONNES): NEW STANDING ADVANCES TO 62.765 TONNES
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 ( (WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL)
FEB. 176.35 TONNES (WHICH IS A FAIR ISSUANCE)
MARCH: 214.67 TONNES//WILL BE STRONG ISSUANCE THIS MONTH
APRIL; 60.58 TONNES// WILL BE VERY SMALL THIS MONTH
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONG
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 POSIT
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:
SILVER:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A HUGE 571 CONTRACTS TO AN OI OF 117,265
EFP ISSUANCE 571CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 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 1711 CONTRACTS AND ADD TO THE 370 E.FP. ISSUED
WE OBTAIN A SMALL SIZED LOSS OF 201 OI OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR LOSS OF $3.71
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 1.005 MILLION PAPER OZ
OCCURRED WITH OUR LOSS IN PRICE.OF $3.71
2.ASIAN AFFAIRS APRIL 120 /2025
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR 1711 CONTRACTS DOWN TO AN OI OF 366,491 CONTRACTS (OI) , HAVING ADVANCED FROM OUR NEW LOW OI SET THIS MONTH AND SURPASSING THE PREVIOUS ALL TIME LOW IN OI OF 354,581 SET APRIL6/2026. PREVIOUS TO THAT THE ALL TIME LOW IN OI WAS 390,000 SET IN THE YEAR 2001 WHEN GOLD WAS TRADING $260.00. THE CME SHOULD BE PROUD OF THEMSELVES AS MANY HAVE ABANDONED THIS CROOKED ARENA!!THUS OUR NEW ALL TIME LOW OF COMEX OI HAS NOW BEEN SET AT 354,581 WITH GOLD AT AN EXTREMELY HIGH $4,700.00 WHICH MAKES ABSOLUTELY NO SENSE!!!
WE HAD NO T.A.S. LIQUIDATION DURING MONDAY’S TRADING. IT SEEMS THAT THE SPECULATORS CONTINUED AGAIN TO GO MASSIVELY ON THE LONG SIDE WITH THE BANKERS TAKING THE SHORT SIDE, SUPPLYING THE NECESSARY PAPER, AS WELL AS COVERING THEIR SHORTFALL. THERE ARE ALSO SOME SPECULATORS WHO CONTINUALLY GO TO THE SHORT SIDE AND THEY WILL BE ANNHILATED ON CENTRAL BANK COMMAND!!
CENTRAL BANKS ALSO TENDERED THEIR NEW LONG CONTRACTS AT THE END OF THE DAY FOR PHYSICAL GOLD. YOU CAN VISUALIZE THIS WITH THE MASSIVE AMOUNT OF GOLD STANDING AT THE COMEX FOR THIS APRIL CONTRACT MONTH!!
THE FAIR SIZED LOSS ON OUR TWO EXCHANGES OCCURRED WITH OUR LOSS N PRICE IN GOLD.
WE THUS HAD A SMALL LOSS IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 756 CONTRACTS (OR 2.35 TONNES) WITH OUR LOSS IN PRICE, AS WE WERE INFORMED OF A SMALL955 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE..
THEN WE WERE NOTIFIED TODAY OF A ZERO CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 0 OZ OR 0.0 TONNES OF GOLD.
DURING THE MIDDLE OF THE FEBRUARY CONTRACT MONTH, WE HAD TWO IDENTICAL MONSTER 3,000 CONTRACT ISSUED FOR THE SAME 9.33 TONNES OF GOLD, AND THESE WERE THE HIGHEST EVER IN TONNAGE EVER ISSUED BY THE COMEX. ALTOGETHER THE TOTAL ISSUANCE FOR FEB TOTALLED SIX.(31.251 TONNES).
MARCH:
THURSDAY MARCH 17 WE RECEIVED ITS INITIAL 2000 CONTRACT EXCHANGE FOR RISK ISSUANCE FOR 6.22 TONNES. LAST FRIDAY: 0 ISSUANCE OF EXCHANGE FOR RISK. BUT ON MONDAY MARCH 23 WE RECEIVED NOTICE OF OUR SECOND EXCHANGE FOR RISK ISSUANCE FOR 2,200 CONTRACTS (220,000 OZ OR 6.843 TONNES) AND NOW FRIDAY WITH A MONSTER 2996 CONTRACTS FOR 9.3138 TONNES. THESE THREE ISSUANCES WILL NOW BE ADDED TO THE REGULAR AMOUNT OF GOLD STANDING, I.E. 22.3818 TONNES TO OUR NORMAL GOLD STANDING TO GIVE US WHAT WILL STAND FOR PHYSICAL GOLD FOR MARCH!
APRIL;: 0 EXCHANGE FOR RISK FOR FAR.
A LITTLE HISTORY OF EXCHANGE FOR RISK DECEMBER THROUGH TO APRIL:
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.
MONTH OF JANUARY/EXCHANGE FOR RISK
IN JANUARY THEY HAVE 6 TOTAL ISSUANCE : 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.
AND FEBRUARY:
FEB EXCHANGE FOR RISK: NOW 6 ISSUANCES: 10,080 CONTRACTS FOR 1,008,000 OZ OR 31.251 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 106+ 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 OF 17.656 TONNES WAS ADDED TO OUR DAILY DELIVERY TOTALS!!
FEBRUARY ISSUANCES 6 FOR; 31.251 TONNES !! AND THIS WAS ADDED TO OUR DELIVERY TOTALS FOR THIS MONTH.
MARCH: CME ANNOUNCES ITS FIRST EXCHANGE FOR RISK FOR 2000 CONTRACTS FOR 200,000 OZ OR 6.22 TONNES OF GOLD DURING THE FIRST WEEK OF MARCH, AND THEN MONDAY, MARCH 22, WE RECEIVED ITS SECOND NOTICE ISSUANCE OF 2200 CONTRACTS OR 220000 OZ (6.843 TONNES). THEN FINALLY WE RECEIVED NOTICE OF OUR THIRD EXCHANGE FOR RISK OF 2996 CONTRACTS OR 9.3188 TONNES. TOGETHER ALL 3 ISSUANCES TOTAL 22.3818 TONNES WHICH WILL BE ADDED TO OUR NORMAL DELIVERY SCHEDULE.
APRIL: 0 EXCHANGE FOR RISK SO FAR.
DETAILS ON OUR NEW APRIL COMEX CONTRACT MONTH//
IN TOTAL WE HAD A HUGE SIZED GAIN ON OUR TWO EXCHANGES OF 16,858 CONTRACTS WITH OUR GAIN IN PRICE ($71.30). HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT THIS 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. BOTH COMEX AND LBMA ARE WITNESSING MASSIVE AMOUNTS OF GOLD LEAVING THEIR VAULTS.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH APRIL/ CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY ALTHOUGH THE T.A.S. ISSUANCES IN GOLD HAVE GENERALLY BEEN ON THE LOW SIDE COMPARED TO SILVER WHICH HAVE BEEN HUGE. TODAY’S NUMBER HOWEVER IS A FAIR SIZED T.A.S ISSUANCE CONTRACTS .THE CME NOTIFIES US THAT THEY HAVE ISSUED 1271 T.A.S CONTRACTS. THESE ARE GENERALLY 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 THIS WEEK WITH MUCH FAILURE DURING LONDON LBMA/OTC OPTION EXPIRY WEEK!! (APRIL FIRST DAY NOTICE)
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 AND THROUGHOUT FEBRUARY TO GO ALONG WITH OUR HUGE NUMBER OF EXCHANGE FOR RISK ISSUED DURING THESE MONTHS INCLUDING FEBRUARY’S 6 EXCHANGE FOR RISK WHICH ALSO INCLUDED TWO MONSTER 9.3312 TONNE ISSUANCE (FEB 10 AND FEB 12). TOTAL EXCHANGE FOR RISK/FEB EQUALS 31.251 TONNES!! AND MARCH’S THREE ISSUANCES FOR 22.3818 TONNES! OTHER CENTRAL BANKS ARE PAYING ATTENTION AS THEY TAKE DELIVERY OF HUGE AMOUNTS OF PHYSICAL GOLD.
FOR MARCH WE HAVE 3 EXCHANGE FOR RISK ISSUANCES SO FAR FOR 7196 CONTRACTS OR 719,600 OZ/22.3818 TONNES.. AS DELIVERIES OF GOLD THESE PAST SEVERAL MONTHS HAVE BEEN HUGE!!
APRIL: 0 SO FAR HAVE BEEN ISSUED
HERE IS A SUMMARY OF GOLD STANDING FOR DELIVERY ON OUR LAST 12 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 TONNE
SUMMARY FOR OCTOBER STANDING:
NOVEMBER WHERE INITIAL AMOUNT OF GOLD STANDING IS REGISTERED AT 15.651 TONNES OF GOLD FOLLOWED BY TODAY’S QUEUE JUMP OF 2 TONNES AND FOLLOWED BY ALL OTHER NOV QUEUE JUMPS OF 21.3775 TONNES TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCE FOR 4.5596 TONNES.
/STANDING ADVANCES TO 43.9716 TONNES OF GOLD.
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DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY IN THIS ACTIVE MONTH IS 83.813 TONNES FOLLOWED BY TODAY’S 0.XXXX TONNES QUEUE JUMP. THIS FOLLOWS ALL OTHER QUEUE JUMPING: 37.163 TONNES//NEW STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR FOUR EXCHANGE FOR RISK ISSUANCE OF 6.559 TONNES//NEW STANDING THUS INCREASES TO 121.977 TONNES
JANUARY: 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 ADD OUR NEXT QUEUE JUMP OF 0.0248 TONNES WHICH MUST BE ADDED ALL OTHER QUEUE JUMPS OF 41.2087 TONNES QUEUE JUMP//TOTAL QUEUE JUMP FOR FEB::ADVANCES TO 41.233 TONNES///STANDING ADVANCES TO 126.628 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 31.251 TONNES/NEW STANDING RISES TO 157.879 TONNES
MARCH: INITIAL STANDING FOR GOLD: 8.099 TONNES TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 0.2320 TONNES AND THEN WE ADD OUR THREE EXCHANGE FOR RISK OF 22.3818 TONNES////NEW STANDING FOR GOLD ADVANCES TO: 67.6648TONNES WHICH IS ABSOLUTELY HUGE FOR A NON ACTIVE DELIVERY MONTH!!
AND NOW APRIL 2026: INITIAL STANDING FOR GOLD: 52.20 TONNES FOLLOWED BY TODAY’S HUGE 49900 OZ (3.987 TONNES) QUEUE JUMP. THUS STANDING FOR GOLD AT THE COMEX ADVANCES TO 64.348TONNES.
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 MONTHS 2021-2024
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING BEGINNING APRIL,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $71.90)
WE HAD ZERO T.A.S. SPREADER LIQUIDATION // COMEX SESSION// WITH OUR GAIN IN PRICE , OUR LONG SPECULATORS REMAIN RELENTLESS POURING INTO THE COMEX STARTING TO BUILD ON ITS OI //
OTHER EASTERN CENTRAL BANKS TENDERED FOR PHYSICAL EVERY NIGHT WHICH ALSO EXPLAINS THE HUGE NUMBER OF TONNES OF GOLD THAT STOOD FOR GOLD DURING THESE PAST SEVERAL MONTHS
TUESDAY NIGHT//WEDNESAY MORNING
THE CROOKS 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 7 MONTHS:
STANDING FOR GOLD OCT THROUGH TO APRIL:
- 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 ADD OUR LATEST QUEUE JUMP OF 0.0298 TONNES TO WHICH THIS IS ADDED TO ALL OTHER QUEUE JUMPS OF 41.2082 / NEW QUEUE JUMP ADVANCES TO: 41.233 TONNES//STANDING ADVANCES TO: 126.628 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 10,080 CONTRACTS FOR 1,008,000 OZ OR 31.251 TONNES/NEW STANDING ADVANCES TO 157.879 TONNES
MARCH: INITIAL STANDING: 8.099 TONNES TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 0.2320 TO WHICH WE THEN ADD OUR THREE EXCHANGE FOR RISK FOR 22.3818 TONNES// GOLD STANDING ADVANCES TO: 67.6648 TONNES/
APRIL: INITIAL STANDING: A VERY STRONG 52.600 TONNES FOLLOWED BY TODAY’S HUGE 499,00 OZ QUEUE JUMP (1.55TONNES). THUS STANDING FOR GOLD AT THE COMEX ADVANCES TO 64.348 TONNES
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR LOSS IN PRICE TO THE TUNE OF $71.90
WE HAD A HUGE 3402 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET LOSS ON THE TWO EXCHANGES : 756 CONTRACTS OR 75600 OZ OR 2.35 TONNES
INITIAL GOLD COMEX
APRIL DELIVERY MONTH
APRIL22 2026
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | ENTRIES; 1 asahi 79,380.819 0z total withdrawal: 79,380.819 oz 2.46 tonnes |
| Deposit to the Dealer Inventory in oz | 0 ENTRY |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 0 it xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 373CONTRACTS OR 37300 OZ 1.1605 TONNES OF GOLD |
| No of oz to be served (notices) | 341 Contracts 34100 OZ 1.060 TONNES |
| Total monthly oz gold served (contracts) so far this month | 20,347 notices 1,997,400 oz 63.387TONNES |
| Total accumulative withdrawals of gold from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of gold from the Customer inventory this month |
dealer deposits: 0
DEPOSITS/CUSTOMER
0 ENTRY
xxxxxxxxxxxxxxxxxx
comex withdrawals:
ENTRIES; 1
asahi 79,380.819 0z
total withdrawal: 79,380.819 oz
2.46 tonnes
they are draining the comex of gold
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ADJUSTMENTs
adjustments: / / 0
ADJUSTMENTS 3//all dealer to customer
a) Brinks 2078.708 oz
b) HSBC 12,063.759 oz
c) JPMorgan 24,596.514 oz
COMEX IS DRAINING GOLD
chaos inside the comex
THE FRONT MONTH OF APRIL OI STANDS AT 741 CONTRACTS HAVING A LOSS OF 657CONTRACTS.
WE HAD 1156 CONTRACTS SERVED UPON MONDAY SO WE GAINED A 499 CONTRACT QUEUE JUMP CONTRACTS. THUS 49900OZ OF ADDITIONAL GOLD WILL STAND ON THIS SIDE OF THE BORDER AND THIS EQUATES TO 1.55TONNES.(QUEUE JUMP)
MAY LOST 80 CONTRACTS TO AN OI OF 2987
JUNE IS A HUGE DELIVERY MONTH AND HERE THE OI FELL BY 2157 CONTRACTS UP TO AN OI OF 268,086
We had 353 contracts filed for today representing 35300oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 4 notices issued from their client or customer account. The total of all issuance by all participants equate to 373 contract(s) of which 14 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 APRIL. /2026. contract month, we take the total number of notices filed so far for the month (20,347) to which we add the difference between the open interest for the front month of APRIL ( 714CONTRACTS) minus the number of notices served upon today 373 x 100 oz per contract) equals 2,017,900OZ OR (62.765 Tonnes of gold)
THUS: INITIAL total number of gold ounces standing for APRIL. /2026. contract month, we take the total number of notices filed so far for the month (20,347) to which we add the difference between the open interest for the front month of APRIL (714CONTRACTS) minus the number of notices served upon today 373x 100 oz per contract) equals 2,068,800 OZ OR (64.348Tonnes of gold)
new total of gold standing in APRIL is 64.348 TONNES//
TOTAL COMEX GOLD STANDING FOR APRIL 64.348 TONNES TONNES WHICH IS NOW HUGE FOR THIS NORMALLY VERY ACTIVE ACTIVE DELIVERY MONTH OF APRIL.
confirmed volume TUESDAY confirmed 119,840 poor
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: 1,919,862.894 oz 59.71 tonnes pledged gold lowers
total inventories in gold declining rapidly
total pledged gold: 1,919,862.894tonnes oz 59.71 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 29,776,304,7641oz
TOTAL REGISTERED GOLD 15,733,681.036r 489,38Tonnes
TOTAL OF ALL ELIGIBLE GOLD 14,083,265.745oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 13,813.819 oz ((REG GOLD- PLEDGED GOLD)=
429.667 Tonnes //
total inventories in gold declining rapidly
SILVER COMEX
APRIL DELIVERY MONTH
APRIL22
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 entries i) Brinks 1215,736.490 oz |
| Deposits to the Dealer Inventory | 0 entries xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx |
| Deposits to the Customer Inventory | DEPOSIT ENTRIES/CUSTOMER ACCOUNT two entries 1) Asahi 1044,044.800 oz ii ) HSBC 435,424.000 0z total deposit: 1,479,469.490oz |
| No of oz served today (contracts) | 480 CONTRACT(S) (2.400,000 OZ |
| No of oz to be served (notices) | 16 Contracts (0.080 MILLION oz) |
| Total monthly oz silver served (contracts) | 3253contracts 16,260 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
0 entries
DEPOSIT ENTRIES/CUSTOMER ACCOUNT
ttwo entries
1) Asahi 1044,044.800 oz
ii ) HSBC 435,424.000 0z
total deposit: 1,479,469.490oz
xxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: customer side/eligible
1entries
i entries
i) Brinks 1215,736.490 oz
the comex is being drained of silver
the comex is being drained of silver
adjustments:8 all dealer to customer except Loomis
- Asahi 43,684.600 oz
- Brinks 90,083.330 oz
- CNT 1,012,894.980 oz
- Delaware 87,718,506 oz
- HSBC 19,686.570 oz
- Loomis 2,649,354.780
- Manfra 44,523.956
- sStonex 5044.580
net silver to the dealer; 1,345,758,521 oz
xxxvolume: xxx oz
xxxxxxxxxxxxxx
TOTAL REGISTERED SILVER: 77.931 MILLION OZ//.TOTAL REG + ELIGIBLE. 318.960 Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR APRIL
silver open interest data:
FRONT MONTH OF APRIL /2026 OI: 496OPEN INTEREST CONTRACTS FOR A LOSS OF 25 CONTRACTS. WE HAD 44 CONTRACTS SERVED ON TUESDAY, SO WE GAINED A SMALL 19 CONTRACTS OR 95,000 OZ UNDERWENT ANOTHER QUEUE JUMP. STANDING THUS ADVANCES TO 16.305 MILLION OZ WHICH IS HUGE FOR THIS NORMALLY SMALL NON ACTIVE DELIVERY MONTH OF APRIL.
MAY SAW A LOSS OF 2963 CONTRACTS UDOWNTO 43,437CONTRACTS.
JUNE SAW A GAIN OF 187 CONTRACTS UP TO 958 OI CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 44 or 0.220 MILLION oz
CONFIRMED volume; ON FRIDAY; 48,908 poor
AND NOW APRIL. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in APRIL. we take the total number of notices filed for the month so far at 3252 X5,000 oz = 16.260 MILLION oz
to which we add the difference between the open interest for the front month of APRIL (496 AND the number of notices served upon today (480 )x (5000 oz)
Thus the standings for silver for the APRIL 2026 contract month: (3253 )Notices served so far) x 5000 oz + OI for the front month of APRIL (496) minus number of notices served upon today (480 )x 5000 oz equals silver standing for the APRIL..contract month equating to 16.305 MILLION OZ.
NEW STANDING: 16.245 MILLION OZ WHICH IS HUGE FOR A GENERALLY LOUSY DELIVERY MONTH OF APRIL.
We must also keep in mind that there is considerable silver standing in London coming from our longs
There are ONLY 77.931 million oz of registered silver
JPMorgan as a percentage of total silver: 142.342/318,960million: 44.56
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.
BOTH GLD AND SLV ARE MASSIVE FRAUD
APRIL 121/2026/WITH GOLD DOWN 11.90TODAY/NO CHANGES IN GOLD AT THE GLD //:/INVENTORY RESTS AT 1052.91 TONNES
APRIL 17/2026/WITH GOLD UP $71.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT 1.15 TONNES OF GOLD INTO THE GLD//:/INVENTORY RESTS AT 1052.91 TONNES
APRIL 16/2026/WITH GOLD DOWN $15.00 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT 2.285 TONNES OF GOLD INTO THE GLD//:/INVENTORY RESTS AT 1051.783 TONNES
APRIL 15/2026/WITH GOLD DOWN $24.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT 2.289 TONNES OF GOLD INTO THE GLD//:/INVENTORY RESTS AT 1049.478 TONNES
APRIL 14/2026/WITH GOLD UP $83.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.714 TONNES OF GOLD FROM THE GLD//:/INVENTORY RESTS AT 1047.192 TONNES
APRIL 13/2026/WITH GOLD DOWN $50.60 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.514 TONNES OF GOLD FROM THE GLD//:/INVENTORY RESTS AT 1048.906 TONNES
APRIL 13/2026/WITH GOLD DOWN $50.60 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.514 TONNES OF GOLD FROM THE GLD//:/INVENTORY RESTS AT 1048.906 TONNES
APRIL 10/2026/WITH GOLD DOWN $11.90 TODAY/SMALL CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 0.724 TONNES OF GOLD FROM THE GLD//:/INVENTORY RESTS AT 1052.42 TONNES
APRIL 9/2026/WITH GOLD UP $42.50 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.429 TONNES OF GOLD FROM THE GLD//:/INVENTORY RESTS AT 1052.990 TONNES
APRIL 8/2026/WITH GOLD UP $88.95 TODAY/NO CHANGES IN GOLD AT THE GLD A//:/INVENTORY RESTS AT 1054.419 TONNES
APRIL 7/2026/WITH GOLD UP $5.25 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 3.429 TONNES OF GOLD INTO THE GLD//:/INVENTORY RESTS AT 1054.419 TONNES
APRIL 6/2026/WITH GOLD UP $5.30 TODAY/NO CHANGES IN GOLD AT THE GLD:/INVENTORY RESTS AT 1050.99 TONNES
APRIL 2/2026/WITH GOLD DOWN $132.75 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 3.714 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 1050.99 TONNES
APRIL 1/2026/WITH GOLD UP $134.70 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 1.143 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 1047.276 TONNES
MAR 31/2026/WITH GOLD UP $119.65 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 3.429 TONNES OF GOLD OUT OF THE GLD/INVENTORY RESTS AT 1046.133 TONNES
MAR 30/2026/WITH GOLD UP $33.45 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.143 TONNES OF GOLD OUT OF THE GLD/INVENTORY RESTS AT 1049.562
MAR 27/2026/WITH GOLD UP $103.55 TODAY/SMALL CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.285 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 1052.705
MAR 26/2026/WITH GOLD DOWN $213.05 TODAY/SMALL CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.580 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 1052.42
MAR 25/2026/WITH GOLD UP $155.30 TODAY/SMALL CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 0.300 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 1053.000
MAR 24/2026/WITH GOLD DOWN $7.25 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 4.286 TONNES OF GOLD OUT OF THE GLD/INVENTORY RESTS AT 1052.705
MAR 23/2026/WITH GOLD DOWN $165.65 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 5.149 TONNES OF GOLD OUT OF THE GLD/INVENTORY RESTS AT 1056.991
MAR 20/2026/WITH GOLD DOWN $39,55 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 4.855 TONNES OF GOLD OUT OF THE GLD/INVENTORY RESTS AT 1062.135
MAR 19/2026/WITH GOLD DOWN $XXX TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 2.57 TONNES OF GOLD OUT OF THE GLD/INVENTORY RESTS AT 1066.99
MAR 18/2026/WITH GOLD DOWN $111.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 1.144 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1069.564 TONNES
MAR 17/2026/WITH GOLD UP $6.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 0.857 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1070.708 TONNES
MAR 16/2026/WITH GOLD DOWN $60.45 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 4/327 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1071/.565 TONNES
MAR 13/2026/WITH GOLD DOWN $61.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE WITHDRAWAL OF 1.428 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1075.852 TONNES
MAR 12/2026/WITH GOLD DOWN $49.25 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE DEPOSIT OF 3.715 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1077.28 TONNES
MAR 11/2026/WITH GOLD DOWN $70.55 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A HUGE DEPOSIT OF 2.858 TONNES OF GOLD INTO THE GLD// /// ///INVENTORY RESTS AT 1073.565 TONNES
MAR 10/2026/WITH GOLD UP $137.75 TODAY/HUGE CHANGES IN GOLD AT THE GLD:ANOTHER MONSTER WITHDRAWAL OF 2.614 TONNES OF GOLD OUT OF THE GLD// /// ///INVENTORY RESTS AT 1070.707 TONNES
GLD INVENTORY: 1051..763 TONNES, TONIGHTS TOTAL GOLD INVENTORY
SILVER
aPRIL 21 WITH SILVER DOWN 3.71: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.352 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 490.900 MILLION OZ
APRIL 17 WITH SILVER UP $3.09: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.453 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 490.900 MILLION OZ
APRIL 16 WITH SILVER DOWN $1.00: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.132 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 490.477 MILLION OZ
APRIL 15 WITH SILVER UP $0.01: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.588 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 491.579 MILLION OZ
APRIL 14 WITH SILVER UP $3.99: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.633 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 490.991 MILLION OZ
APRIL 13 WITH SILVER DOWN 0.79: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.589 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 491.624 MILLION OZ
APRIL 10 WITH SILVER DOWN 0.16: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.724 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 492.213 MILLION OZ
APRIL 9 WITH SILVER UP $0.91: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.173 MILLION OZ INTO THE SLV// // :INVENTORY RESTS AT 492.937 MILLION OZ
APRIL 8 WITH SILVER UP $3.50: NO CHANGES IN SILVER INVENTORY AT THE SLV // :INVENTORY RESTS AT 490.764 MILLION OZ
APRIL 7 WITH SILVER DOWN $0.89: NO CHANGES IN SILVER INVENTORY AT THE SLV // :INVENTORY RESTS AT 490.764 MILLION OZ
APRIL 6 WITH SILVER UP $0.41: TINY CHANGES IN SILVER INVENTORY AT THE SLV:A SMALL WITHDRAWAL OF 0.224 MILLION OZ OUT OF THE SLV // :INVENTORY RESTS AT 490.764 MILLION OZ
APRIL 2 WITH SILVER DOWN $3.57: TINY CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 0.091 MILLION OZ OUT OF THE SLV // :INVENTORY RESTS AT 490.988 MILLION OZ
APRIL 1 WITH SILVER UP $1.38: HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSIVE AND WITHDRAWAL OF 0.453 MILLION OZ OUT OF THE SLV // :INVENTORY RESTS AT 491.079 MILLION OZ
MAR 31 WITH SILVER UP $4.22: HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSIVE AND FRAUDULENT WITHDRAWAL OF 3.893 MILLION OZ FROM THE SLV // :INVENTORY RESTS AT 491.532 MILLION OZ
MAR 30 WITH SILVER UP $0.74: NO CHANGES IN SILVER INVENTORY AT THE SLV: // :INVENTORY RESTS AT 495.425 MILLION OZ
MAR 27 WITH SILVER UP $1.91: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 3.351 MILLION OZ FROM THE SLV// :INVENTORY RESTS AT 495.425 MILLION OZ
MAR 26 WITH SILVER DOWN $4.75: NO CHANGES IN SILVER INVENTORY AT THE SLV// :INVENTORY RESTS AT 498.776 MILLION OZ
MAR 25 WITH SILVER UP $3.25: NO CHANGES IN SILVER INVENTORY AT THE SLV// :INVENTORY RESTS AT 498.776 MILLION OZ
MAR 24 WITH SILVER DOWN $0.15: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A MASSIVE AND FRAUDULENT DEPOSIT OF 10.505 MILLION OZ INTO THE SLV :INVENTORY RESTS AT 498.776 MILLION OZ
MAR 23 WITH SILVER UP $0.06: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// NO CHANGE IN INVENTORY/.. ./ :INVENTORY RESTS AT 488.271 MILLION OZ
MAR 20 WITH SILVER DOWN $1.92: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 2.490 MILLION OZ FROM THE SLV/.. ./ :INVENTORY RESTS AT 488.271 MILLION OZ
MAR 19 WITH SILVER DOWN $6.22: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 2.9444 MILLION OZ FROM THE SLV/.. ./ :INVENTORY RESTS AT 490.761 MILLION OZ
MAR 18 WITH SILVER DOWN $2.36: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A DEPOSIT OF 1.087 MILLION OZ FROM THE SLV/.. ./ :INVENTORY RESTS AT 494.792 MILLION OZ.
MAR 17 WITH SILVER DOWN $0.89: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 3.351 MILLION OZ FROM THE SLV/.. ./ :INVENTORY RESTS AT 493.705 MILLION OZ.
MAR 16 WITH SILVER DOWN $0.57: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 2.536 MILLION OZ FROM THE SLV/.. ./ :INVENTORY RESTS AT 497.056 MILLION OZ.
MAR 13 WITH SILVER DOWN $3.83: NO CHANGES IN SILVER INVENTORY AT THE SLV// . ./ :INVENTORY RESTS AT 499.592
MAR 12 WITH SILVER DOWN $0.51 HUGE CHANGES IN SILVER INVENTORY AT THE SLV// ANOTHER MONSTER WITHDRAWAL OF 3.713 MILLION OZ OUT OF THE SLV. ./ :INVENTORY RESTS AT 499.592 MILLION OZ
MAR 11 WITH SILVER DOWN $3.96 HUGE CHANGES IN SILVER INVENTORY AT THE SLV// ANOTHER MONSTER WITHDRAWAL OF 1.812 MILLION OZ OUT OF THE SLV. ./ :INVENTORY RESTS AT 503.305 MILLION OZ
MAR 10 WITH SILVER UP $5. HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A MONSTER WITHDRAWAL OF 1.63 MILLION OZ OUT OF THE SLV. ./ :INVENTORY RESTS AT 505.117 MILLION OZ
MAR 9 WITH SILVER DOWN $0.30 HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A MONSTER WITHDRAWAL OF 1.54 MILLION OZ OUT OF THE SLV. ./ :INVENTORY RESTS AT 506.747 MILLION OZ
CLOSING INVENTORY 491.262 MILLION OZ OF SILVE
XXXXXX
5 ISRAEL IRAN/USA
‘Highly Unlikely’ US Will Extend Iran Ceasefire, ‘Lots Of Bombs Will Go Off’ If No Deal: Trump
by Tyler Durden
Monday, Apr 20, 2026 – 11:48 AM
Summary
- Trump says ‘highly unlikely’ will extend ceasefire if deal not signed in Pakistan. Pakistan PM Sharif reportedly asked US & Iran, pressing for another 2-week extension.
- President Pezeshkian cites “historical distrust” and states on X: “they seek Iran’s surrender. Iranians do not submit to force.”
- Vance intends to depart Tuesday to Pakistan, though still unclear whether Iranians will join – Pakistanis say yes, but timeline is fluid. Trump warns “nobody’s playing games” & “lots of bombs will go off” if no deal (PBS)
- Xi to Saudi crown prince important phone call: “the first time the Chinese leader had called for the reopening of the strategically vital waterway.“
https://embed.polymarket.com/market?market=strait-of-hormuz-traffic-returns-to-normal-by-april-30&height=300Strait of Hormuz traffic returns to normal by end of April?
Yes 28% · No 72%
View full market & trade on Polymarket
* * *
NYT: Iranians Making Plans to be in Pakistan
The NYT now says the Iranians are soon expected in Pakistan, despite that for the past 12-hours they issued denials that they are ready and willing to enter a second round of talks. In the meantime Pakistan is reportedly pressing for another 2-week extension of the ceasefire.
“An Iranian delegation is making plans to travel to Islamabad on Tuesday for negotiations with the United States, according to two senior Iranian officials familiar with the plans. Mohammad Bagher Ghalibaf, the influential political and military figure leading the talks,” the publication writes. Latest follow-up from Ghalibaf amid continued conflicting info:
Yet, talk about of Tehran is still firm and tough, signaling the two sides are in reality far away from agreeing on anything, particularly the nuclear issue. While Iranian President Pezeshkian has newly stated that “honoring commitments is the basis of meaningful dialogue” – it remains there is “historical distrust”. He has stated on X: “they seek Iran’s surrender. Iranians do not submit to force.”
An afternoon very long Truth Truth Social, claiming that Trump won’t let Democrats rush US into making a deal with Iran. Also says the new deal will be far better than the Obama-era JCPOA.
And he followed soon after with:
Trump: ‘Highly Unlikely’ He Extends Ceasefire
Lots of contradictory messaging this morning from Washington, Tehran, and Islamabad. Trump has said he will note open the Strait of Hormuz until a deal is signed (as both sides inside they in effect control the waterway).
Trump has also asserted that it remains ‘highly unlikely’ that he extends the ceasefire with Iran, at a moment Tasnim reports that “Iran’s decision not to participate in the negotiations has not changed until this moment.”
‘Lots of Bombs Will Go Off’ If Ceasefire Ends With No Deal: Trump
President Trump says bombs will go off if the ceasefire expires (set to end by Wed April 22), PBS reports. But he also said he doesn’t know if Iran is doing the next round of talks but says it is fine if Iran is not at the Pakistan talks. So who does Washington, led by VP Vance’s team, plan to talk to… itself? Or it might just plan to keep sending messages to the Pakistanis. The US could also be seeking to ‘demonstrate’ that the Iranians have simply refused negotiations, and so this will ‘justify’ bombs away again. Here are the latest Monday statements from Trump given to PBS:
- If no deal “then lots of bombs start going off.”
- Nuclear weapons will be discussed with Iran at the talks.
- “No nuclear weapons. Very simple. Iran cannot have a nuclear weapon. Very simple.”
- “…we’re not negotiating anything other than the fact that they will not have a nuclear weapon”
- On the remarks from Secretary Wright that gas may not go below USD 3 until late-2026 or early-2027, Trump says: “I disagree with him totally. I think it’ll come roaring down if it ends. If we end it, if Iran does what they should do, it will come roaring down.”
His latest Monday morning Truth Social post, which appears very on the defensive:
Fresh Pentagon data indicates the US blockade has thus far directed 27 vessels to turn back.
Contradictory Reports of Vance Travel
So it seems the second round of talks are actually on, after several recent contradictory headlines concerning Tehran’s intent to send a team. As of Monday morning the Iranians have been signaling the cold shoulder, even as Pakistani officials quietly leak that their arrival is expected.
The NY Post freshly reports: “Vice President JD Vance and the US delegation to the peace talks here with Iran are en route to Pakistan and expected to land within hours, President Trump on Monday told The Post — adding that he was willing to meet with senior Iranian leaders if a breakthrough is reached.” However, CNN is saying he has not actually departed yet, and may not till Tuesday, as the talks are reportedly being planned for Wednesday.
“We’re supposed to have the talks,” Trump said in an interview when asked whether talks or still happening of if they are falling apart. He added: “So I would assume at this point nobody’s playing games.” According to more:
The president confirmed that a high-level US delegation — including Vice President JD Vance, special envoy Steve Witkoff and adviser Jared Kushner — is already en route to Islamabad for the next round of negotiations.
“They’re heading over now,” Trump said shortly after 9 a.m. EST. “They’ll be there tonight, [Islamabad] time.”
NBC notes that, “Further complicating the picture, different Iranian leaders are sending contradictory messages. The IRGC vowed revenge for the seizing of an Iranian cargo ship yesterday, even as Iranian President Masoud Pezeshkian continued to emphasize diplomacy.”
Shipping Traffic Halt Latest
Al Jazeera and others have written the strait is at a virtual standstill currently, after the major Sunday incident which saw the US Navy intercept, fire upon, and board an uncooperative ship which was trying to pass the US-imposed blockade. It was an Iranian-flagged ship which was forcibly stopped in the Gulf of Oman, where some dozen US warships have been patrolling.
Just three ships have crossed in the past 12 hours, shipping data indicates. The same publication records that “Oil products tanker Nero, which is under UK sanctions, has left the Gulf and is sailing through the strait, according to satellite analysis from data analytics specialists SynMax and tracking data from the Kpler platform.” And: “Two other ships – a chemical tanker and a liquefied natural gas tanker – have also sailed into the Gulf through the critical waterway separately, the data showed.”
Reuters: Senior Iranian official says positive efforts have been started by Pakistan to end the US blockade and ensure Iran’s participation in talks.
On Monday a spokesman for Iran’s military reiterated a threat to “take the necessary action against the US military” after the Sunday US interdiction. He described that that Iran’s military exercised restraint over the incident, not taking immediate action, in order to protect the ship’s crew, but will act “once it is ensured that the lives of the families and crew of the vessel attacked by the United States are safeguarded.” Apparently the crew’s family members are accompanying them aboard the vessel, the statement suggests.
Important Xi Jinping Statement on Hormuz
China’s President Xi Jinping on Monday demanded the uninterrupted passage of vessels through the Strait of Hormuz in a phone call with Saudi Arabia’s Crown Prince Mohammed bin Salman, state news agency Xinhua reports. He urged the normalization of shipping traffic after about 50 days of disruption which obviously and significantly impacts Chinese oil imports.
“Normal navigation through the Strait of Hormuz should be maintained, this is in the shared interests of regional countries and the international community,” Xi said. He called for an immediate, comprehensive ceasefire and insisted disputes be resolved through political and diplomatic means.
South China Morning Post observes that it was “the first time the Chinese leader had called for the reopening of the strategically vital waterway, which has been repeatedly blockaded since US-Israeli strikes on Iran began on February 28.” China imported 5.86 million tons of crude oil from Saudi Arabia, down 10% from February, according to customs data released Monday.
Second Pakistan Talks Imminent?
After the Sunday dramatic US seizure of the Iranian-flagged ship, Iran’s Foreign Ministry has said the country currently no plans regarding a new round of talks, however, it also said it is reviewing the latest Washington proposal related to a second round of Pakistan-hosted talks. With that, by Monday it reasserted that the transfer of enriched uranium out of the country or into US custody has never been on the table. Tehran is insisting that it won’t be transferred anywhere.
This firm stance is after President dramatically shifted his tone over the weekend from strangely and surprisingly somewhat praising Iran’s leadership (with statements such as the US could work with them and possibly trust them) to once up again ramping up threats, posting “No more Mr. Nice Guy” on social media.
Currently there are conflicting reports on whether the Iranian side will actually be there for reported possible Tuesday talks. Pakistan officials say the timing of the talks remains fluid. According to the latest via Associated Press Iranian authorities have expressed willingness to send a delegation to Islamabad, citing two Pakistan officials. The officials reports “cautious optimism that delegations from both Iran and the United States could travel to Islamabad.”
Some confused and conflicting signaling, likely purposely so…
The NY Times has declared that JD Vance will try again:
The vice president is scheduled to lead an American delegation back to Islamabad, Pakistan, this week for another round of in-person negotiations with Iran after failing to secure a deal just over a week ago.
Whether the talks even occur seems in dispute. Hours after President Trump announced the trip on Sunday, Iranian state media said that Tehran had not yet agreed to any such meeting. Later, Mr. Trump announced that a Naval destroyer had attacked an Iranian-flagged cargo ship that tried to skirt the U.S. blockade on Iranian ports in the Strait of Hormuz.
President Trump has been threatening major escalation should there be no negotiated settlement, at a moment the two sides’ position are very distant especially on the nuclear issue.
Zero Sum Positions on Nuclear Issue
The problem, according to University of Chicago Professor Robert Pape is the zero sum logic of it all. “In a matter of a day, the system snapped back to escalation,” he wrote over the weekend. “This is not a story about fragile diplomacy or poor sequencing. It is a story about zero-sum conflict, where the core issues cannot be divided, traded, or deferred without forcing one side to accept a strategic loss—a direct contest over relative power.”
“At the center of the war is a fact that cannot be negotiated away: Iran either retains a nuclear capability on the threshold of weapons, or it does not,” Pape continues. “There is no stable middle ground that satisfies both sides.”
And more from the analysis: “The same zero-sum logic applies—more visibly and more immediately—to the Strait of Hormuz. Before the war, Hormuz functioned as a global commons, carrying roughly one-fifth of the world’s oil supply. That assumption is now broken. Iran has demonstrated that it can shift from disruption to conditional control, allowing passage under its terms while restricting or denying access when it chooses. The United States, in response, is attempting to preserve open navigation through blockade and interdiction. But these positions cannot be reconciled.”
END
Trump Blinks Again, Unilaterally Extends Iran Ceasefire After Pakistan Talks Fail To Launch
Tuesday, Apr 21, 2026 – 04:22 PM
Summary
- Trump unilaterally extends ceasefire after Vance calls off trip to Pakistan – says Iranian port blockade to remain in place. Tasnim says Iran’s ‘final decision’ is to not attend talks.
- Trump warns: ‘Expect…bombs’ & urges Tehran “release women” said to be on death row.
- Overnight, US forces conducted a right-of-visit, maritime interdiction and boarding of the stateless sanctioned M/T Tifani in Indo-Pac region: CENTCOM
- As just 12 ships have gone through Hormuz Strait in last 24 hours, Iran claims one of its own made it past the US naval blockade.CENTOM says 28 turned around.
- Trump on Truth Social early Tuesday: Iran has Violated the Cease Fire numerous times!
https://embed.polymarket.com/market?market=strait-of-hormuz-traffic-returns-to-normal-by-april-30&height=300Strait of Hormuz traffic returns to normal by end of April?
Yes 30% · No 71%
View full market & trade on Polymarket
* * *
TACO Tuesday… Again: Ceasefire Extended in Trump TS Post
Can’t make this up… Trump unilaterally extends ceasefire, but says US Navy’s blockade of Iran’s ports will stay in place, after Islamabad talks collapse. Trump punts again… enjoy TACO Tuesday… we can say at least the bombing doesn’t look to resume, yet. To give more formality to it – or make it official, the White House also quickly put out Trump’s statement (and in a more presentable font) below. Initial reaction from Tehran:
- IRAN NOT OFFICIALLY COMMENTING ON CEASEFIRE EXTENSION
- IRAN’S POSITION WILL BE ANNOUNCED SUBSEQUENTLY
2nd Round Talks Collapse, Vance Not Traveling
Late afternoon headlines now confirm what was looking more and more inevitable as the hours passed but with no one side boarding planes to head to Islamabad: the Associated Press is reporting that Vice President Vance has called off the whole trip.
This also as Tasnim is reporting Iran’s “final decision” to not be in Pakistan Wednesday – the same day the two-week ceasefire formally comes to a close. Pakistan sources are meanwhile reporting that key negotiating figures are absent on the ground, and officials are said to be urging the sides to join a second-round summit.
And per Bloomberg: “Iran, for its part, told the mediators its delegation won’t leave Tehran before the blockade is lifted, according to officials familiar with the matter.”
How The Iranian Regime Destroyed Its Economy… Long Before The War
by Tyler Durden
Tuesday, Apr 21, 2026 – 06:30 AM
As negotiations edge towards a ceasefire, Tehran is trying to blame the country’s economic collapse on the war and foreign pressure.
Yet the data tell a different story: Iran’s economy was already structurally broken before the war.
Years of ideological policymaking, institutionalised corruption, and the militarisation of the economy have caused Iran’s economic ruin.
Iran has been in a state of permanent economic emergency since at least 2018. Official inflation has remained above 40% year after year, destroying the country’s middle class.
World Bank estimates show average inflation in the high 30s for most of the 2018–2025 period, with spikes of up to 60%, driven by massive currency depreciation and the constant monetisation of fiscal deficits.
Monetary collapse and the myth of sanctions
Since 2018, the rial has lost almost 95% of its value against the dollar, including a depreciation of more than 60% just between 2024 and 2025.
This collapse stems from relentless money printing to finance uncontrolled budget deficits, a domestic loss of confidence in the currency, capital flight, and a regime that has treated the central bank as a mere financing arm of the state.
All of this has happened while the government received billions of dollars from oil exports and enormous financial support from China, Russia, and other Asian countries.
This is a state that prints money without restraint or underlying demand
The regime insists that Western sanctions are the primary cause of hardship. This is a convenient but false excuse.
The Iranian regime has not fallen into economic crisis because of U.S. sanctions. It has dozens of trade agreements with the world’s largest economies and generates enormous oil income from exports of more than 1.3 million barrels per day.
The problem is that practically none of this wealth reaches ordinary citizens. This is a state that prints money without restraint or underlying demand, borrows heavily from its own banking system and generates capital flights while its currency collapses.
Financing terror and institutional corruption
The elimination of Mohammad Reza Ashrafi Kahi, head of Trade at the Oil Headquarters, exposed a multibillion-dollar structure that financed the military activities of the Revolutionary Guard, Hamas, Hezbollah, and other armed groups using revenues from crude oil sales.
Between November 2024 and November 2025, government debt to the banking system increased by 41% and debt to the central bank by 68%, forcing the authorities to monetise the deficit.
Over the same period, commercial banks increased their borrowing from the central bank by 63%, flooding the economy with worthless local currency.
Official sources cited by the oil exporters’ association report 47 billion dollars in crude oil and gas export revenues in 2025
As a result, the money supply was growing at annual rates of more than 40%, according to official data compiled by expert Mohamad Machine Chian, with the rial plunging despite massive export revenues.
These huge oil revenues are used to finance corruption and terror. Official sources cited by the oil exporters’ association report 47 billion dollars in crude oil and gas export revenues in 2025.
With that level of income, the economy would be growing, and inflation would be moderate if the funds were used to benefit Iranian society and its productive fabric.
Instead, reports on capital outflows describe a clear pattern: money leaves Iran faster than it comes in, which forces the regime to rely even more on the printing press and on internal fiscal plunder, according to the BTI Project.
IRGC dominance and the destruction of the private sector
Iran has implemented all the measures that demolish an economy: legal and investor insecurity, expropriations, price controls, subsidies, and an oversized public sector that preys on a private sector now reduced to barely 15% of the economy.
When oil revenues are diverted to finance terrorist and military projects, the government tries to create an illusion of strength through monetary financing and opaque off-budget operations, accelerating inflation and currency collapse.
Over decades, the Guards have transformed themselves from a military organisation into a sprawling business empire
At the heart of Iran’s self-inflicted economic damage lies the Islamic Revolutionary Guard Corps (IRGC). Over decades, the Guards have transformed themselves from a military organisation into a sprawling business empire that now controls an estimated 45–50% of economic activity.
Through parastatal conglomerates, front companies, and privileged access to state contracts, the IRGC dominates key sectors including energy, construction, telecommunications, and transport (Iran: Institutionalized Corruption and a Collapsed Economy, Shamsi Saadati).
The human cost and obstacles to recovery
This dominance has several destructive effects.
Crowding out productive investment. Most oil and state revenues are sent to IRGC-linked entities. A large part of resources is used to finance regional terror groups and foreign expansion adventures.
While other oil exporters built sovereign wealth funds, invested in human capital, and diversified into services and manufacturing, Iran’s regime used oil rents to entrench political control, finance terror, and reward cronyism.
The human cost of this mismanagement created poverty and unrest. Years of high inflation have pushed most of the middle class into poverty by wiping out savings and eroding wages in real terms.
By the time the current war began, the economy was already in deep crisis.
The main obstacles to recovery are political rather than technical. Iran needs fiscal discipline, central bank independence, transparent budgeting, a sharp reduction in the IRGC’s economic dominance, and a credible commitment to the rule of law and property rights.
Instead, the regime has consistently chosen its survival, imposing a system of terror and sacrificing growth and prosperity to maintain political control.
Long before the first bomb fell, the regime had already destroyed the economy and any prospect of sustainable growth and social stability.
The challenge for any future government will be to rebuild an economy that serves citizens rather than a narrow circle of officials.
Ending the war is urgent; ending the current regime’s economic model is essential.
harveyorganblog.com 
