EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: APRIL 2026 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,705.100000000 USD
INTENT DATE: 04/23/2026 DELIVERY DATE: 04/27/2026
FIRM ORG FIRM NAME ISSUED STOPPED
099 H DEUTSCHE BANK AG 5
118 H MACQUARIE FUTURES US 34
624 H BOFA SECURITIES 55
661 C JP MORGAN SECURITIES 1
737 C ADVANTAGE FUTURES 27
TOTAL: 61 61
MONTH TO DATE: 22,256
GOLD: NUMBER OF NOTICES FILED FOR APRIL/2026: 61 CONTRACTs NOTICES FOR 6,100 OZ or 0.1877TONNES
total notices so far: 22,206 contracts FOR 2,220,600 OZ OR 69.225 TONNES
SILVER NOTICES: 13 NOTICE(S) FILED FOR 65,000 OZ /
total number of notices filed so far this month : 3301 CONTRACTS (NOTICES) for 16.505 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 13 CONTRACT QUEUE JUMP WHERE 65,000 ADDITIONAL OZ WILL TAKE DELIVERY OVER ON THIS SIDE OF THE POND. NEW STANDING FOR SILVER AT THE COMEX THUS ADVANCES HUGELY TO 16.5150 MILLION OZ PLUS 1.970 MILLION OZ OF EXCHANGE FOR RISK//NEW TOTALS STANDING 18.485 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; 34.045 MILLION OZ..WILL BE SMALL THIS MONTH.
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 65,000 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 16.515MILLION OZ PLUS 1.970 MILLION OZ EXCHANGE FOR RISK.NEW TOTALS 18.485 MILLION OZ
- MAY: SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
4. AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.
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 86 CONTRACT QUEUE JUMP FOR 8600OZ/ (0.2674 TONNES)/NEW STANDING ADVANCES TO 69.4059 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 8600OZ QUEUE JUMP(0.2674 TONNES) //NEW STANDING ADVANCES TO 69.4059TONNES.
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 8600 OZ QUEUE JUMP (0.2674TONNES): NEW STANDING ADVANCES TO 69.4059 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; 71.34 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 1440 CONTRACTS TO AN OI OF 112,733
EFP ISSUANCE 755 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 755 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 1440 CONTRACTS AND ADD TO THE 755 E.FP. ISSUED
WE OBTAIN A STRONG SIZED LOSS OF 685 OI OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR LOSS OF $2.35
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 3.425 MILLION PAPER OZ
OCCURRED WITH OUR LOSS IN PRICE.OF $2.35
2.ASIAN AFFAIRS APRIL 24 /2025
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR 3512 CONTRACTS UP TO AN OI OF 369,520 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 ZERO T.A.S. LIQUIDATION DURING THURSDAY’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 STRONG SIZED GAIN ON OUR TWO EXCHANGES OCCURRED DESPITE OUR LOSS IN PRICE IN GOLD.
WE THUS HAD A STRONG GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 5152 CONTRACTS (OR 16.02 TONNES) WITH OUR LOSS IN PRICE, AS WE WERE INFORMED OF A SMALL 552 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 STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 5152 CONTRACTS WITH OUR LOSS IN PRICE ($28.35). 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 SMALL SIZED T.A.S ISSUANCE CONTRACTS .THE CME NOTIFIES US THAT THEY HAVE ISSUED 552 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 SMALL 8700 OZ (0.2574 TONNES) QUEUE JUMP. THUS STANDING FOR GOLD AT THE COMEX ADVANCES TO 69.4059TONNES.
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 SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $28.35)
WE HAD ZERO T.A.S. SPREADER LIQUIDATION // COMEX SESSION// WITH OUR LOSS 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
WEDNESDAY NIGHT//THURSDAY 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 WEDNESDAY EVENING/THURSDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD
A LITTLE REVIEW OF GOLD STANDING THESE PAST 7 MONTHS:
STANDING FOR GOLD OCT THROUGH TO APRIL:
PRIL:
- 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 121.977 TONNES
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 SMALL 8,600 OZ QUEUE JUMP (2.4105TONNES). THUS STANDING FOR GOLD AT THE COMEX ADVANCES TO 69.4059 TONNES
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR LOSS IN PRICE TO THE TUNE OF $28.35
WE HAD XXX CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES : 5152 CONTRACTS OR 515,200 OZ OR 16.024 TONNES
INITIAL GOLD COMEX
APRIL DELIVERY MONTH
APRIL2332026
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | ENTRIES; 2 i) Brinks 96,453.000 oz (3000 kilobars) ii) Manfra: 11,574.360 oz (366 kilobars) total 108,027,36 oz//3366 kilobars 3.366 tonnes |
| Deposit to the Dealer Inventory in oz | 1 ENTRY i) 20,600.517. oz .6407 oz |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 0 it xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 61 CONTRACTS OR 6100 OZ 3.430 TONNES OF GOLD |
| No of oz to be served (notices) | 58 Contracts 5800 OZ 0.1804TONNES |
| Total monthly oz gold served (contracts) so far this month | 22,206 notices 2,220,600 oz 69.225 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 ENTRY
i) 20,600.517. oz
.6407 oz
DEPOSITS/CUSTOMER
0 ENTRY
xxxxxxxxxxxxxxxxxx
comex withdrawals:
ENTRIES; 2
ENTRIES; 2
i) Brinks 96,453.000 oz (3000 kilobars)
ii) Manfra: 11,574.360 oz (366 kilobars)
total 108,027,36 oz//3366 kilobars
3.366 tonnes
they are draining the comex of gold
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ADJUSTMENTs
adjustments: / / 0
COMEX IS DRAINING GOLD
chaos inside the comex
THE FRONT MONTH OF APRIL OI STANDS AT 119 CONTRACTS HAVING A LOSS OF 659 CONTRACTS.
WE HAD 745 CONTRACTS SERVED UPON THURSDAY SO WE GAINED A STRONG 86 CONTRACT QUEUE JUMP CONTRACTS. THUS 8600OZ OF ADDITIONAL GOLD WILL STAND ON THIS SIDE OF THE BORDER AND THIS EQUATES TO 0.2674TONNES.(QUEUE JUMP)
MAY LOST 112 CONTRACTS TO AN OI OF 3424 AS MAY BECOMES THE FRONT MONTH.
JUNE IS A HUGE DELIVERY MONTH AND HERE THE OI ROSE BY 3910 CONTRACTS UP TO AN OI OF 268,691
We had 61 contracts filed for today representing 6100oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 61 notices issued from their client or customer account. The total of all issuance by all participants equate to 0 contract(s) of which 1 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 (22,256) to which we add the difference between the open interest for the front month of APRIL ( 119 CONTRACTS) minus the number of notices served upon today 61 x 100 oz per contract) equals 2,231,400OZ OR (69.4059 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 (22,256) to which we add the difference between the open interest for the front month of APRIL (119 CONTRACTS) minus the number of notices served upon today 61 x 100 oz per contract) equals 2,231,400 OZ OR (69.4059Tonnes of gold)
new total of gold standing in APRIL is 69.4059 TONNES//
TOTAL COMEX GOLD STANDING FOR APRIL 69.4059 TONNES TONNES WHICH IS NOW HUGE FOR THIS NORMALLY VERY ACTIVE ACTIVE DELIVERY MONTH OF APRIL.
confirmed volume THURSDAY confirmed 109,598 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 29,441,999.998 oz
TOTAL REGISTERED GOLD 15,665,991.922 487.278 onnes
TOTAL OF ALL ELIGIBLE GOLD 13,776,009.036 oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 13,746,129 oz ((REG GOLD- PLEDGED GOLD)=
427.560 Tonnes //
total inventories in gold declining rapidly
SILVER COMEX
APRIL DELIVERY MONTH
APRIL23
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 3 entries i) Brinks 1,069,764.800 oz ii) CNT 89,979.250 oz iiii) Loomis 300,050.280 oz total: 1,459,794.830 oz |
| Deposits to the Dealer Inventory | 0 entries xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx |
| Deposits to the Customer Inventory | DEPOSIT ENTRIES/CUSTOMER ACCOUNT ii) entries i) Into CNT 600,205.240 oz ii) HSBC 502,089.965 oz total deposit: 1,102,295.203 oz |
| No of oz served today (contracts) | 13 CONTRACT(S) (65,000 OZ |
| No of oz to be served (notices) | 2Contracts (0.010 MILLION oz) |
| Total monthly oz silver served (contracts) | 3301contracts 16.505 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
ii) entries
i) Into CNT 600,205.240 oz
ii) HSBC 502,089.965 oz
total deposit: 1,102,295.203 oz
xxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: customer side/eligible
3 entries
i) Brinks 1,069,764.800 oz
ii) CNT 89,979.250 oz
iiii) Loomis 300,050.280 oz
total: 1,459,794.830 oz
the comex is being drained of silver
the comex is being drained of silver
adjustments:0
Wednesday volume: 51,041 oz
xxxxxxxxxxxxxx
TOTAL REGISTERED SILVER: 79.276 MILLION OZ//.TOTAL REG + ELIGIBLE. 316.352 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: 15 OPEN INTEREST CONTRACTS FOR A GAIN OF 4 CONTRACTS. WE HAD 9 CONTRACTS SERVED ON THURDAY, SO WE GAINED A SMALL 13 CONTRACTS OR 65,000 OZ UNDERWENT ANOTHER QUEUE JUMP. STANDING THUS ADVANCES TO 16.515 MILLION OZ WHICH IS HUGE FOR THIS NORMALLY SMALL NON ACTIVE DELIVERY MONTH OF APRIL. BUT WE MUST ADD OUR SECOND EXCHANGE FOR RISK TOTALING 194 CONTRACTS OR .970 MILLION OZ. THIS IS ADDED TO OUR FIRST EXCHANGE FOR RISK ISSUED ON THURSDAY FOR 1.0 MILLION OZ//TOTAL EX FOR RISK: 1.970 TONNES. NEW TOTAL SILVER STANDING AT THE COMEX ADVANCES TO 18.485 MILLION OZ.
MAY SAW A LOSS OF 3870 CONTRACTS DOWNTO 30,762 CONTRACTS. MAY BECOMES THE NEW FRONT MONTH. WE HAVE 5 MORE READING DAYS BEFORE FIRST DAY NOTICE
JUNE SAW A LOSS OF 49 CONTRACTS DOWN TO 1220 OI CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 13 or 65,000 oz
CONFIRMED volume THURSDAY; 51,041 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 3301 X5,000 oz = 16.505 MILLION oz
to which we add the difference between the open interest for the front month of APRIL (15) AND the number of notices served upon today (13 )x (5000 oz)
Thus the standings for silver for the APRIL 2026 contract month: (3301 )Notices served so far) x 5000 oz + OI for the front month of APRIL (15) minus number of notices served upon today (13)x 5000 oz equals silver standing for the APRIL..contract month equating to 16.515 MILLION OZ.+ 1.970 MILLIONEXCHANGE FOR RISK WHICH MUST BE ADDED TO NORMAL DELIVERIES..NEW TOTALS 18.485 MILLION OZ
NEW STANDING: 18.485 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 79.276 million oz of registered silver
JPMorgan as a percentage of total silver: 142.322/316.710 million: 44.93
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 23/2026/WITH GOLD DOWN 28.35 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.000 TONNES OF GOLD FROM THE GLD// //:/INVENTORY RESTS AT 1050.91 TONNES
APRIL 22/2026/WITH GOLD UP 26.40 TODAY/NO CHANGES IN GOLD AT THE GLD //:/INVENTORY RESTS AT 1052.91 TONNES
APRIL 21/2026/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: 1050.91 TONNES, TONIGHTS TOTAL GOLD INVENTORY
SILVER
APRIL 23WITH SILVER DOWN $2.35: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.489 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 488,773MILLION OZ
APRIL 22 WITH SILVER UP 1.43: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.352 MILLION OZ OUT THE SLV// // :INVENTORY RESTS AT 491.262MILLION OZ
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 491.262 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 488.773 MILLION OZ OF SILVER
ANDREW MAGUIRE LIVE FROM THE VAULT 269
AEM TAKING OVER FINNISH ASSETS
AEM JUST MADE A BID FOR FINNIISH ASSETS. IS THIS A GOOD DEAL?
Yes, Agnico Eagle Mines (AEM) announced a major consolidation of Finnish gold assets on April 20, 2026, through three linked transactions totaling roughly $3.7–3.8 billion (with potential additional contingent payments). This builds on its existing Kittila mine (Europe’s largest primary gold mine) in the Central Lapland Greenstone Belt.
reuters.com
Deal Breakdown
- Rupert Resources (primarily the advanced Ikkari gold project): ~C$2.9 billion (US$2.1 billion) mainly in AEM shares + up to ~C$700 million in contingent value rights (CVRs) tied to future milestones like reserve growth and production. AEM already owned ~13.9% of Rupert. prnewswire.com
- Aurion Resources: C$481 million all-cash. AEM already held ~9.9%. Aurion brings a large contiguous land package (761 km²). northernminer.com
- B2Gold’s 70% stake in Fingold JV: US$325 million cash (giving AEM 100% of the JV once combined with Aurion’s portion). theglobeandmail.com
Total land position: ~2,492 km² (from ~355 km² today), creating a contiguous district around Kittila and Ikkari (Ikkari is ~50 km from Kittila). Expected closing: Q3 2026, subject to approvals.
reuters.com
Why AEM Sees It as Strategic
- Production upside: Aims for a multi-asset hub producing ~500,000 oz gold annually within the next decade (more than doubling current Finnish output). Ikkari has a solid resource base (e.g., 3.5 Moz probable reserves at 2.1 g/t). mining.com
- Synergies: Up to $500 million in operational, development, and construction savings by removing property boundaries, sharing infrastructure (Kittila has 20+ years of operating experience in Finland), and accelerating exploration/development. bullpen.finance
- Exploration potential: Large, under-explored land package with upside at Ikkari, Pahtavaara (past-producing), and early-stage targets. Also prospective for critical minerals.
- Jurisdiction: Finland is a top-tier, stable mining country with strong infrastructure.
This mirrors AEM’s successful district-scale approach in Canada (e.g., Abitibi). CEO Ammar Al-Joundi called it a “multi-decade regional platform” in a “world-class gold belt.”
agnicoeagle.com
Is This a Good Deal?For AEM shareholders — It looks solid to positive on paper for a long-term holder:
- Pros: High-quality assets in a familiar jurisdiction, meaningful production growth, significant synergies, and exploration leverage. AEM has a strong balance sheet, low costs, and a track record of integrating assets efficiently. Paying partly in stock (for Rupert) preserves cash and aligns with targets’ shareholders.
- Cons/Risks: Large outlay (~$3.8B); integration/permitting/execution risks in a cold, remote area; gold price sensitivity (though AEM is a low-cost producer); dilution from share issuance; and CVR payouts if milestones hit. Markets reacted with some AEM share weakness initially amid broader gold miner sell-off and “digest the deal” sentiment. quiverquant.com
- Valuation context: At current gold prices and with synergies/exploration upside, analysts and coverage view it as a logical consolidation play rather than overpaying for “blue sky.” It’s not a cheap bolt-on but builds scale where AEM already has expertise.
Overall market reaction: Targets (Rupert, Aurion) jumped on premiums. AEM shares dipped modestly as investors weighed the size and timeline (production ramp over years, not immediate). No major red flags in reporting—it’s seen as a strategic “hub-building” move amid industry consolidation trends.
cruxinvestor.comBottom line: For a high-quality, patient gold major like AEM with Finland experience, this appears to be a good strategic deal that strengthens its portfolio for the long haul. It’s less about short-term accretion and more about creating a durable, multi-decade production and exploration engine. Whether it’s “great” depends on gold prices, execution, and final costs—standard mining risks apply.If you’re an investor in AEM (or considering it), this adds growth without changing the company’s conservative, high-margin style. Always do your own due diligence or check full filings/investor presentations for resource details, costs, and timelines. Gold sector deals like this often look better in hindsight if the district delivers.
END
ASIAN TRADING AND NEWS BEFORE START OF TRADING OVER THERE;
Europe set for lower open despite INTC surging 19% as crude remains elevated – Newsquawk EU Market Open
Friday, Apr 24, 2026 – 02:18 AM
- Israel is on high alert in anticipation of a possible renewed war this weekend, according to Al Arabiya, citing Channel 13.
- Speaker of the Iranian Parliament Ghalibaf resigns from the negotiating team following the intervention of the IRGC, N12 news reported.
- US President Trump said the US is to work with Lebanon to protect itself from Hezbollah and that the Israel-Lebanon ceasefire is to be extended by three weeks.
- NQ futures outperformed after Intel surged over 19% after-hours as the Co. provided a solid Q1 report while raising its guidance.
- US President Trump said the US will put a tariff on the UK if the digital service tax is not dropped.
- APAC stocks traded mostly in the red, ex. Nikkei 225; European equity futures are indicative of a softer open with the Euro Stoxx 50 futures -0.7%.
- Looking ahead, highlights include UK Retail Sales (Mar), German Ifo Survey (Apr), Canadian Retail Sales (Feb), US UoM Survey Final (Apr), CBR Policy Announcement (Apr), Speakers include SNB’s Schlegel, Supply from Italy, Earnings from Procter & Gamble & Eni.
SNAPSHOT
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IRAN CONFLICT
- US President Trump posted that the meeting between Israel and Lebanon went well, the US is to work with Lebanon to protect itself from Hezbollah and that the Israel-Lebanon ceasefire is to be extended by three weeks. He added that it would be great to resolve simultaneously with Iran.
- US Secretary of State Rubio said there is optimism we will be closer to permanent peace following the Lebanon ceasefire extension.
- US President Trump said ‘don’t rush me’, regarding Iran war length, adding that the US will take out Iran’s ‘wiseguy ships’ if we see them and noted maybe Iran loaded during hiatus, and will knock them out, but we have been speaking and they want to make a deal. He went on to say that the US has no pressure and could make a deal with Iran, but want to make the best one. He said the Strait will open when Iran makes a deal, and if no deal, will finish it up militarily.
- US President Trump posted that “Iran’s Navy is lying at the bottom of the Sea, their Air Force is demolished, their Anti-Aircraft and Radar Weaponry is gone, their leaders are no longer with us, the Blockade is airtight and strong and, from there, it only gets worse — Time is not on their side! A Deal will only be made when it’s appropriate and good for the United States of America, our Allies and, in fact, the rest of the World.”
- US military is developing plans to target Iran’s Hormuz defences if the ceasefire fails, CNN reported.
- Iranian Media Journalist Khalili said the resignation of Ghalibaf from the chairmanship of the negotiating delegation is not true. This reiterated reports by journalist Ghaderi stating that Israel Channel 12 news that Ghalibaf has resigned from negotiating team is completely false.
- Speaker of the Iranian Parliament Ghalibaf resigns from the negotiating team following the intervention of the IRGC, N12 news reported.
- Fars News reported that recent sound of defense systems in Tehran and several other cities in Iran was in response to the presence of micro-aircraft and small drones, including the “Orbitor” type, in several parts of the country. This pushes back from earlier reports by Al Araby stating that activating air defences in Tehran was a test.
- Israel said it did not launch any attack in Iran, Al Araby reported citing Ynet.
- Iranian Foreign Ministry Spokesman said they have not yet decided to participate in a new round of negotiations with Washington and transferring highly enriched uranium is not an option, and reducing concentration is an option on the table, Al Jazeera reported.
- Iran does not consider the nuclear issue as part of the negotiations, Tasnim reported. Negotiations with US are only for the end of the war. The situation is getting worse for US.
- There is no change in the ceasefire status with Iran, Al Jazeera reported citing US defense official.
- Pakistani sources told Al Arabiya that negotiations between the US and Iran are continuing despite the current stalemate. The decision to participate inside Iran has not yet been finalized.
- An Iranian bulk carrier carrying rice was escorted by IRGC naval vessels and safely crossed the Sea of Oman and reached Iran, despite the US Navy’s attempts to seize it, according to Fars News.
- Iran’s IRGC navy laid more mines in the Strait of Hormuz this week, according to a US official and a source cited by Axios.
- Iranian Foreign Minister Araghchi says the battlefield and diplomacy are fully coordinated fronts in the same war; Iranians are all united, more than ever before.
- There are Israeli and American officials who believe that Mojtaba Khamenei is not functioning as the Supreme Leader of Iran, does not give orders, and does not control Iran, two sources familiar with the details told i24NEWS.
- Israel on high alert in anticipation of a possible renewed war this weekend, according to Al Arabiya citing Channel 13.
- Israeli Defense Minister Katz said Israel is prepared to renew the war against Iran, and the IDF is prepared for defense and attack and the targets are marked.
- Hezbollah said it has launched rockets at Israel’s Shtula region in response to Israel violating ceasefire and targeting towns in southern Lebanon.
- Continued violations of the ceasefire in Lebanon by Israel, reports of Israeli warplane attacks in Rashaf, Southern Lebanon, via Tasnim.
- Lebanese media reported that Israel has conducted airstrikes on the town of Al-Qasir in southern Lebanon a few hours after US President Trump announced the 3-week ceasefire extension, IRIB reported.
- Israel’s ambassador to the UN said the extension of the Lebanon ceasefire is not 100% certain and that Israel is forced to answer every time a threat is detected, Tasnim reported citing CNN.
US TRADE
EQUITIES
- US stocks ended lower in a choppy session. Early optimism over potential progress in US-Iran talks reversed late in the session on fresh geopolitical headlines. Sectors were mixed, with technology lagging and utilities outperforming. Technology was hit by software stocks after weak earnings from IBM and ServiceNow weighed on the sector, but losses were capped by gains in semiconductors after strong earnings from Mobileye. Meanwhile, Tesla fell after missing revenue expectations and raising capex, while Meta announced 10% layoffs and Microsoft flagged voluntary retirements.
- SPX -0.41% at 7,108, NDX -0.57% at 26,783, DJI -0.36% at 49,310, RUT -0.37% at 2,775.
TARIFFS/TRADE
- US President Trump said the US will put a tariff on the UK if the digital service tax is not dropped.
- US President Trump said car companies are coming from Canada, Mexico and Japan, all the chip companies are coming back to the US and that the US is leading China in AI. He goes on to further say that the US will have close to 50% of the chip market pretty soon.
- US Commerce Secretary Lutnick said the US negotiated a great deal with Taiwan on chips and expects USD 1tln in chip fabs.
- EU warns that US trade deal risks unravelling with proposed changes, according to Bloomberg citing sources.
- Canada is reportedly to seek talks with the EU regarding access to ‘Made in Europe’ scheme, according to FT.
- EU and US are expected to announce today that they’ve concluded an agreement to cooperate on critical minerals, Politico reports, citing officials and diplomats. EU Trade Chief is to give a presser at 16:45 BST.
NOTABLE HEADLINES
- US President Trump said Kevin Warsh is terrific, while he repeats criticism on Fed Chair Powell and said Powell should have lowered rates.
APAC TRADE
EQUITIES
- APAC stocks traded mostly in the red, ex. Nikkei 225, as bourses caught up to the selloff seen stateside, as risk-off flows dominated the tape after the reports that Israel is on high alert in anticipation of a possible renewed war this weekend.
- ASX 200 slipped further below the 8,800 handle, as losses in IT offset the gains made by Energy names.
- Nikkei 225 outperformed, supported by the tech sector as chips benefitted from Intel’s earnings (see more below). Ibiden, one of Japan’s biggest electronics companies, hit a new ATH while Canon fell after cutting its FY profitability guidance.
- Hang Seng and Shanghai Comp traded with the biggest losses, albeit just slightly, after a flurry of earnings. China Telecom reported Q1 net that fell by 17% Y/Y while autos underperformed.
- US equity futures are mixed, with NQ futures the clear outperformer after Intel surged over 19% after-hours as the Co. provided a solid Q1 report while raising its guidance.
- European equity futures are indicative of a softer open with the Euro Stoxx 50 futures -0.7% after cash closed -0.3% on Thursday.
FX
- DXY traded muted, failing to find a clear directional bias after finding resistance at the 50-SMA and topped just shy of the 20-SMA in Thursday’s session.
- EUR/USD held above 1.1680, ahead of the German IFO survey, in which business climate is expected at 84.8 (prev. 86.4). To recap Thursday’s flash PMIs, the services sector was hit the hardest, falling deeper into contractionary, while highlighting price pressures for the EZ not seen since the pandemic.
- GBP/USD traded in a tight 1.3454-1.3473 range, with Retail Sales expected as European traders begin to sit at their desks. Markets are expecting a better reading compared to the February print, but still remaining subdued. Commonly used as a proxy, Barclaysʼ Consumer Spend report for March showed steady card spending with strong essential activity offsetting slower discretionary growth.
- USD/JPY steadily ground higher, as the JPY underperformed its G10 peers despite hotter CPI and PPI prints that should, in theory, support the Yen. The latest data is most likely not going to affect policymakers at the BoJ, in which a 97% probability of a hold is priced in. Currently, USD/JPY trades just shy of 159.80.
- Antipodeans were mixed, as the Kiwi outperformed after being the laggard in the prior session.
FIXED INCOME
- 10yr UST futures rotated in a tight 3 tick range as markets digested the latest geopolitical updates, with the 10yr yield currently trading at 4.33%. The nearest level that could provide some near-term resistance lies at 4.35%, while downside to 4.25% could be seen ahead of the Fed rate decision next week.
- Bund futures, similarly, oscillated in a narrow range ahead of the German IFO survey. German debt found support at the 125 handle as the 10yr yield hit 3.05%, ahead of an ECB policy meeting in which the Governing Council is expected to hold rates at 2.0%.
- 10yr JGB futures briefly topped above the 130 handle before trickling lower. Hotter CPI and Services PPI failed to drive Japanese debt, with the BoJ nearly fully pricing in a hold at next week’s policy meeting.
- Australia sells AUD 1bln vs exp. AUD 1bln 2.50% 2030 AGB: b/c 3.82x (prev. 3.44x), average yield 4.6947% (prev. 4.2888%).
- US sells USD 26bln of 5-year TIPS; tail 0.2bps.
COMMODITIES
- Crude futures have held onto Thursday’s gains but came off best levels, with Brent back below the USD 106/bbl handle while WTI pulled back slightly from the USD 97/bbl handle. Just before the futures open, US President Trump announced the 3-week extension of the Israel-Lebanon ceasefire. Trump highlighted that the talks went very well and that the US will work with Lebanon to protect itself from Hezbollah; crude prices were unreactive following the post by President Trump. Updates on the Iran conflict have been limited, with the latest report by CNN detailing that the US military are developing plans to target Iran’s Hormuz defences if the ceasefire fails.
- Precious metals traded muted, with spot gold oscillating in a tight USD 4687-4711/oz range. This comes ahead of a light data schedule. CME announced that they are to cut the initial margin on its COMEX 100 gold futures and COMEX 5000 silver futures to 6% (prev. 7%) and 11% (prev. 14%), respectively.
- Base metals lack direction. 3M LME Copper gapped back below USD 13.3k/t and currently holds below, catching up to the risk-off tone in the latter part of Thursday’s session.
- US President Trump said that the US does not have an oil shortage and are taking millions of barrels of oil from Venezuela.
- US President Trump set to extend US ship waiver to ease oil and gas deliveries, according to Bloomberg citing sources familiar with Trump’s plans on the Jones Act waiver.
- Imports of Russian fuel oil to Singapore have jumped with volume in April, already more than double the average monthly amount in 2025, according to FT citing Vortexa data.
- The fire at Russia’s Tuapse oil terminal is under control.
- CME cuts initial margin on its Comex 100 gold futures to 6% from 7% and Comex 5000 silver futures to 11% from 14%.
CRYPTO
- Bitcoin slipped back below USD 78k.
NOTABLE ASIA-PAC HEADLINES
- Japanese Finance Minister Katayama said speculative activity is increasing due to oil prices and will take decisive action on speculative activity, based on the agreement with the US. She added that Japan will continue to closely coordinate with the US and that there are no plans to change currency swap lines with the US.
- Japanese Trade Minister Akazawa said regulatory moves for energy conservation is not being considered and not expecting an immediate hike in power rates.
- Chinese EV makers are reportedly focusing on building in-house chips to improve autonomy and making cars smarter.
DATA RECAP
- Japanese Core Inflation Rate YoY (Mar) Y/Y 1.8% vs. Exp. 1.7% (Prev. 1.6%, Low. 1.4%, High. 1.9%).
- Japanese Inflation Rate YoY (Mar) Y/Y 1.5% (Prev. 1.3%).
- Japanese Inflation Rate Ex-Food and Energy YoY (Mar) Y/Y 2.4% (Prev. 2.5%).
- Japanese Inflation Rate MoM (Mar) M/M 0.4% (Prev. -0.2%).
- Japanese Services PPI Y/Y 3.1% vs exp. 3.0% (prev. 2.7%).
GEOPOLITICS
OTHER
- An internal Pentagon email explores options to punishing NATO allies that the US believes failed to support the US operations against Iran, according to a US official. Options include: Suspending Spain from NATO, reviewing the US position on British claims to the Falkland Islands, suspending difficult countries from important or prestigious positions at NATO.
- US official said Russia is to be included in G20 summit invitations.
EU/UK
NOTABLE HEADLINES
- SNB’s Schlegel said the Bank will not hesitate to move rates into negative territory and that a move below zero is a bigger step than a normal cut.
- SNB Vice Chairman said SNB has a greater willingness to intervene in the FX market, Reuters reported.
- BoE’s Breeden said equity markets look overvalued and could decline, according to the BBC.
- END
EUROPE OPENING FOR TRADING
NQ outperforms as INTC +28% premarket, Brent on $107/bbl handle, UoM finals ahead – Newsquawk US Market Open
Friday, Apr 24, 2026 – 05:49 AM
- “Israeli media: A limited operation against Iran may be carried out to avoid a prolonged war”, Al Arabiya reports.
- Chinese Securities Regulator says that China is to allow qualified foreign investors to trade treasury futures from April 24, 2026, for hedging purposes only.
- Downbeat sentiment across European bourses, SAP +6% after a EUR 10bln share buyback; NQ outperforms, with INTC +23% post-earnings.
- FX price action lacklustre, CHF and JPY dodge intervention comments, UoM Final ahead
- Fixed falters as energy climbs, Gilts lag again in catch-up trade and after further hawkish impetus into the BoE.
- Crude underpinned as eyes remain on US-Iran ceasefire heading into the weekend.
- Looking ahead, highlights include Canadian Retail Sales (Feb), US UoM Survey Final (Apr), CBR Policy Announcement (Apr).
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EUROPEAN TRADE
MIDDLE EAST
- US President Trump posted that the meeting between Israel and Lebanon went well, the US is to work with Lebanon to protect itself from Hezbollah and that the Israel-Lebanon ceasefire is to be extended by three weeks.
- US President Trump said nobody is trying to get through the US blockade.
- US President Trump said the Israel-Lebanon talks in the Oval Office went well and it would be great to resolve simultaneously with Iran. Looking forward to the next meeting with Israeli PM Netanyahu. Great chance of peace between Israel and Lebanon this year. Everyone seems united against Hezbollah. Israel-Lebanon peace should be an easy one. Israel will have to defend itself if they are shot at. Israel will be surgical in their self-defence. Iran has to cut its Hezbollah funding.
- Tanker Helga arrives at Iraq’s Basra offshore terminal to load 2mln BPD of crude, sources say; Helga is the second tanker to reach Basra terminals since the Hormuz closure.
- “Israeli media: A limited operation against Iran may be carried out to avoid a prolonged war”, Al Arabiya reported.
- Pakistani official noted of a state of uncertainty regarding the second round of talks, “and we await Iran’s response”, Al Arabiya reported.
- Israel again attacks southern Lebanon, claiming retaliation for overnight rocket fire, Al Jazeera reported.
- Lebanese press Al-Jumhuriya noted of accelerated diplomatic efforts toward a Lebanon–Israel non-aggression agreement, driven by the US–Saudi–Egypt initiative, Journalist Kais reported. Plan revives idea of containing (not dismantling) Hezbollah’s weapons. Key proposed terms:. Israel withdraws to ceasefire line. Lebanese army deploys in south. Hezbollah moves north of Litani River. Start of weapons containment plan. Border disputes (Blue Line) adjusted. Prisoner releases, return of civilians, reconstruction. Deal would have international (especially US) guarantees. Coordination includes Iran to ensure Shiite/Hezbollah involvement. Parallel effort to resolve internal Lebanese political divisions. Saudi envoy pushing for meeting of Lebanon’s top leaders to create a unified position.
- “Iranian Foreign Ministry: Araqchi held two called with the Pakistani army chief and foreign minister to discuss a ceasefire.”, Al Araby reported.
- Iranian Vice President said any attack on oil wells will be met with strikes on attackers’ oil facilities; said it will be beyond “eye for an eye” response, Mehr News reported.
- Senior IRGC Commander said Tehran is secure and its borders are stronger than before, Press TV reported.
- The US has put a USD 10mln bounty on the leader of the Iran-backed Shiite militia group in Iraq, CBS reported.
- Lebanese media reported that Israel have conducted airstrikes on the town of Al-Qasir in southern Lebanon a few hours after US President Trump announced the 3-week ceasefire extension, IRIB reported.
- Israel’s ambassador to the UN said the extension of the Lebanon ceasefire is not 100% certain and that Israel is forced to answer every time a threat is detected, Tasnim reported citing CNN.
- US military are developing plans to target Iran’s Hormuz defences if the ceasefire fails, CNN reported.
- Israel-Lebanon talks have gotten underway in the White House, according to reported.
- Hezbollah said it has launched rockets at Israel’s Shtula region in response to Israel violating ceasefire and targeting towns in southern Lebanon.
- Israeli military said several launches crossed from Lebanon towards Israel were intercepted.
- An internal Pentagon email explores options to punishing NATO allies that the US believes failed to support the US operations against Iran, according to a US official. Options include:. Suspending Spain from NATO. Reviewing the US position on British claims to the Falkland Islands. Suspending difficult countries from important or prestigious positions at NATO.
EQUITIES
- European bourses started the European session with broad based losses, continuing the downbeat mood seen across APAC trade. From an index perspective, the IBEX 35 (-1.3%) lags peers, whilst the AEX (-0.1%) fares a bit better vs peers.
- European sectors hold a strong negative bias. Energy leads, buoyed by strength in underlying oil prices. Also for the sector, Siemens Energy (+2.4%) gains post-earnings after it reported a mixed set of results, but raised its FY outlook; elsewhere, Eni (+1%) beat on its Adj. EBIT metric, and announced a 90% increase to its share buyback, citing an upbeat commodities outlook. Tech and Telecoms complete the top three. The Tech sector has been boosted today by post-earnings strength in SAP (+6.4%). The Co. reported better-than-expected operating profit and revenue, with cloud metrics also topping expectations. It also said it will buy back EUR 10bln of shares. To the bottom of the pile resides Autos, Basic Resources and Retail. The autos sector is underperforming this morning with seemingly broad-based losses; Volvo (+1%) reported Q1 metrics today, where its metrics were mixed, but ultimately indicating resilience amidst challenges.
- US equity futures are mixed, with the NQ (+0.5%) outperforming, whilst ES (U/C) and RTY (-0.3%) lag. The tech-heavy index has been buoyed by significant pre-market strength in Intel (+23%, strong earnings and guidance), TSMC (+3%, Taiwan eases fund limits) and AMD (+7.4%). Ahead, US Michigan final sentiment is expected to see consumer sentiment at 47.6 (prev. 53.3, current conditions at 50.1 (prev. 55.8), expectations at 46.1 (prev. 51.7), while one-year inflation expectations are seen up to 4.8% (prev. 3.8%), and five-year expectations at 3.4% (prev. 3.2%). Canada retail sales are seen rising 0.2% M/M (prev. 0.9%).
- Intel (+23%) after stronger-than-expected earnings and revenue in Q1, robust Q2 guidance, growing signs of a business revival, strong data centre and foundry growth, and optimism around rising AI-related CPU and advanced packaging demand.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
FX
- FX price action is lacklustre on the final trading day of the week. DXY leads marginally, while CHF and JPY are slightly lower.
- DXY trades tentatively and broadly in tandem with oil prices. A light calendar ahead with the Fed on blackout ahead of next week’s meeting and only UoM final data on the docket. USD-specific news light, though the Japanese Finance Minister said overnight there were no plans to change currency swap lines with the US. DXY still remains supported above 100 and 200 DMAs at 98.50; upside resistance is 98.90, which marks the session high.
- SNB Chairman Schlegel was on the wires a couple of times. He said they have “unrestricted” room for manoeuvre when it comes to the policy rate and FX intervention – Vice Chair Martin also echoed these remarks. EUR/CHF is unchanged on the session; it attempted to approach 0.92, but the move faltered at 0.9199.
- Katayama is also on the wires, she said “will take decisive action on speculative activity”, JPY unchanged, in a signal that markets are becoming comfortable with the Finance Minister’s threats. USD/JPY unchanged, looks at 160 to the upside. BoJ rate decision next week, likely to remain on hold, with all eyes on Governor Ueda’s tone at the presser.
- GBP shrugged off strong UK Retail Sales for March, as it does not change the narrative into next week’s BoE, where a hold is the base case. The data showed upside was driven by an increase in fuel sales, with retailers reporting that motorists were filling their tanks when buying following the start of the Middle East conflict. Online sales saw upside and are potentially indicative of a robust spring sale period. However, the core figures were in line/softer-than-expected, and potentially point to some greater-than-expected caution among consumers during the early stages of the Middle East conflict. EUR/GBP and Cable both unchanged, the former on a 0.8670 handle.
FIXED INCOME
- A modestly bearish session for fixed benchmarks, initial action a function of the modest and since increasing energy upside as we count down to and participants position into a potentially risk-packed weekend.
- Amidst this, USTs post downside of a handful of ticks in a thin 110-30 to 111-03 band. Ahead, the US docket is light, and we look to next week’s FOMC.
- Bunds post slightly larger downside, perhaps as Dutch TTF has been leading oil benchmarks throughout the morning. Currently, in the red by c. 30 ticks but also in a relatively narrow 125.20-44 band. The European docket is light, aside from Italian supply (should be well received, particularly after the sizeable demand at last week’s syndications); as such, price action will likely be dictated by geopolitical developments.
- Gilts gapped lower at the open, acknowledging the pressure in fixed peers seen late-Thursday. Opened at 87.10, lower by 41 ticks. Thereafter, slipped another 28 to an 86.82 low and has held there since; the second bout of pressure spurred by further energy upside and a hawkish BoE DMP. The DMP spurred end-2026 BoE pricing to 59bps of tightening from c. 54bps this morning and significantly above the 23bps implied this time last week.
- To recap the day’s data. UK Retail Sales were strong on a headline level but in-line/soft on a core basis, with consumer motor fuel purchases driving the headline, no implications for the BoE next week (hold expected, guidance in focus). Thereafter, Germany’s Ifo was soft across the board, with no real follow-through to EGBs.
- Italy sold EUR 2.5bln vs exp. EUR 2.25-2.5bln 2.20% 2028 BTP Short Term: b/c 1.63x (prev. 1.78x) & average yield 2.80% (prev. 2.89%).
- Australia sold AUD 1bln vs exp. AUD 1bln 2.50% 2030 AGB: b/c 3.82x (prev. 3.44x), average yield 4.6947% (prev. 4.2888%).
COMMODITIES
- In geopolitics, fresh updates have been light as focus remains on the state of the US-Iran ceasefire and talks. The week ahead centres on four key watchpoints. First, the Strait of Hormuz “red line”: President Trump has warned the US Navy could actively engage IRGC vessels suspected of laying mines or interfering with traffic, shifting from shadowing to potential direct strikes, particularly after an IRGC-escorted Iranian ship defied the blockade. Second, the nuclear deal standoff: Washington is pushing for a comprehensive deal, while Tehran insists the nuclear file is not part of the current talks, raising the risk that negotiations collapse if neither side compromises on uranium enrichment. Third, internal dynamics in Tehran: reports of leadership friction and IRGC influence over the negotiating team point to possible policy inconsistency or hardline escalation. Fourth, ceasefire fragility: despite the extended Israel-Lebanon truce, sporadic clashes and reported drone activity underline how easily a trigger event could occur.
- Oil rose for a fifth day as limited US-Iran progress towards resumed de-escalation talks kept supply concerns elevated; Brent climbed above USD 106/bbl (vs weekly lows of ~ USD 91/bbl) and is set for its biggest weekly gain since the war’s first week. WTI June, however, remains sub-USD 100/bbl. Brent currently trades in a daily range between 105.02-107.40/bbl while WTI resides in a USD 95.55-97.85/bbl range.
- Gold edged lower, below USD 4,970/oz, with investors weighing whether higher crude prices from the US-Iran conflict could keep inflation and interest rates elevated. XAU/USD resides in a USD 4,658.03-4,711.23/oz range at the time of writing.
- Copper heads for a weekly loss, with the broader base metals complex also mostly under pressure, as uncertainty over the Middle East war clouds the global growth outlook, while the US and Iran show little sign of returning to talks after Trump extended the ceasefire indefinitely, and the Strait of Hormuz remained largely blocked. 3M LME copper resides in a USD 13,215.58- 13,322.33/t. LME aluminium spread experiences the largest backwardation since 2024.
- Japanese PM Takaichi said she is urging the cabinet to seek new sources for oil imports.
- Union Spokesperson said workers at Australia’s INPEX (1605 JT) LNG plant vote in favour of strikes.
- EU leaders have tasked Finance Ministers to come up with new measures to deal with potential energy shortages after assessing that current proposals were not enough, Bloomberg reported, citing sources.
- Japan’s METI said Japan is to release 5.8mln kL of national oil reserves, starting May 1st.
- Imports of Russian fuel oil to Singapore has jumped with volume in April already more than double the average monthly amount in 2025, according to FT citing Vortexa data.
- The fire at Russia’s Tuapse oil terminal is under control.
- US President Trump said that the US does not have an oil shortage and are taking millions of barrels of oil from Venezuela. Have a great relationship with Venezuela.
- CME cuts initial margin on its Comex 100 gold futures to 6% from 7% and Comex 5000 silver futures to 11% from 14%.
TRADE/TARIFFS
- China reportedly to add seven EU companies to export control list, according to reported. Hensoldt (HAG GY) was added.
- Canada is reportedly to seek talks with the EU regarding access to ‘Made in Europe’ scheme, according to FT.
- China’s Commerce Minister met with the President of European Automotive Manufacturers Association to talk about the China-EU auto industry cooperation and EU trade restrictions. Commerce Minister stated that China will firmly safeguard Chinese firm’s rights.
- US President Trump tells the Telegraph that the US will retaliate if the UK continues to target companies such as Apple (AAPL) , Google (GOOGL) and Meta (META) through the digital services tax.
- US President Trump said the US will put a tariff on the UK if the digital service tax is not dropped.
NOTABLE EUROPEAN DATA RECAP
- German Ifo Current Conditions (Apr) 85.4 vs. Exp. 85.5 (Prev. 86.7, Low. 83, High. 87).
- German Ifo Business Climate (Apr) 84.4 vs. Exp. 84.8 (Prev. 86.4, Low. 83.7, High. 87.5).
- German Ifo Expectations (Apr) 83.3 vs. Exp. 83.9 (Prev. 86.0, Low. 82, High. 87.3).
- Spanish PPI YoY (Mar) Y/Y 3.4% (Prev. -7%).
- French Consumer Confidence (Apr) 84 vs. Exp. 88 (Prev. 89, Low. 87, High. 89).
- Hungarian Unemployment Rate (Mar) 4.7% (Prev. 4.9%).
- UK Retail Sales YoY (Mar) Y/Y 1.7% vs. Exp. 1.3% (Prev. 2.5%, Low. 0.8%, High. 2.2%).
- UK Retail Sales ex Fuel YoY (Mar) Y/Y 1.7% vs. Exp. 2.0% (Prev. 3.4%, Low. 1.5%, High. 2.5%).
- UK Retail Sales ex Fuel MoM (Mar) M/M 0.2% vs. Exp. 0.2% (Prev. -0.4%, Low. -0.5%, High. 0.6%).
- UK Retail Sales MoM (Mar) M/M 0.7% vs. Exp. 0.0% (Prev. -0.4%, Low. -0.8%, High. 1.8%).
- Swedish PPI YoY (Mar) Y/Y 2.0% (Prev. -1.7%).
- Swedish PPI MoM (Mar) M/M 0.6% (Prev. 0.2%).
CENTRAL BANKS
- US President Trump opens door to alternative Fed renovation probe, Semafor reported;.
- US Fed Balance Sheet (Apr/22) 6.707.
- US President Trump said Kevin Warsh is terrific, while he repeats criticism on Fed Chair Powell and said Powell should have lowered rates.
- BoE DMP:. Raises 1yr ahead CPI to 3.5% (prev. 3.1). Raises 3yr ahead CPI to 2.8% (prev. 2.7%). 1yr ahead wage growth 2.4% (prev. 3.5%). 64% of firms expected to increase their prices (with 4% lowering prices).
- BoE’s Breeden said equity markets look overvalued and could decline, according to the BBC.
- SNB Chairman Schlegel said they have “unrestricted” room for manoeuvre when it comes to the policy rate and on FX intervention. Sees slower growth and higher inflation from the Middle East conflict.
- SNB’s Schlegel said the Bank will not hesitate to move rates into negative territory and that a move below zero is a bigger step than a normal cut.
NOTABLE US HEADLINES
- Chinese Securities Regulator said that China is to allow qualified foreign investors to trade treasury futures from April 24, 2026, for hedging purposes only.
- US official said Russia is to be included in G20 summit invitations.
GEOPOLITICS
RUSSIA-UKRAINE
- Ukrainian authorities say a foreign-flagged ship bound for Odesa was attacked by Russian drones.
- Imports of Russian fuel oil to Singapore has jumped with volume in April already more than double the average monthly amount in 2025, according to FT citing Vortexa data.
- The fire at Russia’s Tuapse oil terminal is under control.
- US official said Russia is to be included in G20 summit invitations.
CRYPTO
- Bitcoin is a little firmer this morning and trades around USD 77.5k, whilst Ethereum is a touch lower.
APAC TRADE
- APAC stocks traded mostly in the red, ex. Nikkei 225, as bourses caught up to the selloff seen stateside, as risk-off flows dominated the tape after the reports that Israel is on high alert in anticipation of a possible renewed war this weekend.
- ASX 200 slipped further below the 8,800 handle, as losses in IT offset the gains made by Energy names.
- Nikkei 225 outperformed, supported by the tech sector as chips benefitted from Intel’s earnings (see more below). Ibiden, one of Japan’s biggest electronics companies, hit a new ATH while Canon fell after cutting its FY profitability guidance.
- Hang Seng and Shanghai Comp traded with the biggest losses, albeit just slightly, after a flurry of earnings. China Telecom reported Q1 net that fell by 17% Y/Y while autos underperformed.
NOTABLE APAC DATA RECAP
- Japanese Services PPI Y/Y 3.1% vs exp. 3.0% (prev. 2.7%).
- Japanese Inflation Rate YoY (Mar) Y/Y 1.5% (Prev. 1.3%).
- Japanese Inflation Rate MoM (Mar) M/M 0.4% (Prev. -0.2%).
- Japanese Inflation Rate Ex-Food and Energy YoY (Mar) Y/Y 2.4% (Prev. 2.5%).
- Japanese Core Inflation Rate YoY (Mar) Y/Y 1.8% vs. Exp. 1.8% (Prev. 1.6%, Low. 1.4%, High. 1.9%).
NOTABLE APAC EQUITY HEADLINES
- Samsung Electronics (005930 KS) has produced the first working single-digit nanometer DRAM working die, TheLec reported citing sources; Co. intends to adjust processing conditions based on this.
- Nomura Holdings (8604 JT) FY25/26 (JPY): Net 362.1bln (prev. 340.7bln Y/Y), Pretax 539.8bln (prev. 432.1bln Y/Y), Revenue 4.76tln (prev. 4.74tln Y/Y). Cuts dividend.
- Hyundai Steel (004020 KS) Q1 (KRW) oper. profit 15.7bln (prev. loss 19.0bln Y/Y).
- Kia Motor (000270 KS) Q1 2026 (KRW): Net 1.83tln (exp. 1.93tln), Operating Profit 2.21tln (exp. 2.3tln), Revenue 29.5tln (exp. 29.3tln).
- Mercuria is to take a 25% stake in an aluminium smelter, as well as hunt for copper mining investments, the FT reported.
- Taiwan regulator is to increase the equity exposure limit per stock to 25% from 10% for funds and ETFs.
- Renesas (6723 JT) Q1 2026 (JPY): Revenue 380.3bln (prev. 308.8bln Y/Y) , Operating profit 90.6bln (prev. 21.5bln Y/Y).
EU/UKRAINE
continual foolish moves loaning them money
(zerohedge)
EU Finally Unblocks €90 Loan For Ukraine, Weighted Toward Military Spending
Friday, Apr 24, 2026 – 02:45 AM
Ukraine has hailed the long awaited approval and release of a whopping a €90 billion loan by the European Union, which belatedly happened Thursday after months of negotiations.
“The European support loan for Ukraine has been unblocked – €90 billion over two years,” Ukrainian President Volodymyr Zelensky wrote on X.
“For us this is important, and it will strengthen, of course, our army, Ukrainian forces, and allow us to boost production of air defense systems and work more to protect our energy system for the winter. Together we will solve many issues of protecting lives. And of course, we will keep working to push Russia to real diplomacy to end this war,” he said.
Hungary and Slovakia, which had blocked the package, did not object before the 3 p.m. deadline, clearing final approval. This after a major Hungarian election wherein PM Viktor Orban suffered defeat, and rapid political transition is underway.
These countries lifted their vetoes after oil flows through the Druzhba pipeline finally resumed Thursday following earlier damage from Russian strikes. The timing interestingly corresponded with Hungarian opposition leader Péter Magyar cinching victory in a historic election.
European Commission President Ursula von der Leyen welcomed the decision while traveling to Cyprus for talks with European leaders on the Middle East-driven energy crisis.
“While Russia doubles down on its aggression, we are doubling down on our support to the brave Ukrainian nation enabling Ukraine to defend itself,” von der Leyen wrote on X.
The loan is heavily weighted toward military spending, and the NY Times says that it signifies that Kiev’s Western backers see peace as being very far away. And additionally, this was unleashed by Brussels:
The latest EU sanctions against Russia – the 20th round since the invasion – blacklist Russian banks and energy companies, as well as entities in the United Arab Emirates, Thailand and China, including Hong Kong, for helping Moscow evade western restrictions.
Again, as for what changed to finally unlocked the loan, Washington Post bluntly points out the obvious big elephant in the room…
“The two-year loan is moving forward after its main opponent, Hungarian Prime Minister Viktor Orban, lost his campaign for reelection this month,” WaPo writes.
END
EUROPE/KOLBE
A MUST READ!!!
Against US Dominance: Europe’s Hormuz Mission And The Illusion Of Geopolitical Power
Friday, Apr 24, 2026 – 06:30 AM
Submitted by Thomas Kolbe
The loss of Europe’s geopolitical power is the defining decline narrative of our time. As Europeans, we are condemned to become unwilling witnesses of continental decay. And in no field of politics does the toxic amalgam of eco-socialism, elite arrogance, and rampant infantilism become more visible than at the level of the European Union.
What we are witnessing in Brussels and the leading capitals of the EU are desperate attempts at coordinated foreign policy – and the realization that the cooperation of powerless individual entities does not necessarily lead to better outcomes than bilateral cooperation.
That this realization must have reached the highest circles of European politics could be observed at the end of this week. The four “big ones” – Germany, the United Kingdom, France, and Italy – called for a maritime alliance and the protection of the Strait of Hormuz.
Fifty additional states – according to the initiators of this rather peculiar political camouflage – are expected to join the European alliance. Leadership claims are naturally being made by the former maritime powers Britain and France, above all France, whose aircraft carrier Charles de Gaulle may stand as the last remaining symbol of Europe’s great naval tradition at the center of these activities – if one can even approach the Persian Gulf at all.
The situation remains fragile: the currently stable ceasefire ends on Wednesday. And negotiations between the United States, Israel, and Iran are entering their final phase. From a European perspective, our assumptions are once again confirmed: the EU and its slowly re-approaching partner the United Kingdom are staging a political cabaret. First came the wait-and-see approach until Americans and Israel had militarily decided the situation. Meanwhile, some NATO members refused cooperation with the United States, only to now, after everything has been decided, attempt to place themselves at the forefront of political forces seeking to guarantee the security of the Strait of Hormuz.
Through constant media overdrive, Starmer, Macron, Meloni, and Merz present themselves as the decision-makers of the moment – it is their harvest time, collecting cheap public dividends. But is that really the case? Do they seriously believe that the majority of Europeans are not fully aware of what is happening? That European power is essentially the product of media magic – permanent propaganda wrapped in moral excess? A shadow of past greatness, reduced to virtual impotence, ultimately dissolving into the very media theatre that we, as embarrassed Europeans, are forced to endure every day.
The German contribution to the mission, as announced by Chancellor Friedrich Merz, is predictably modest: mine countermeasure vessels (eight available), one supply ship, and two P-8 Poseidon reconnaissance aircraft. No frigates – they are tied up in a NATO deployment in the North Atlantic. Germany does have a defense budget that exceeds all other Europeans by billions, yet even this money appears to vanish into the nirvana of bureaucracy and into the coffers of defense contractors, who are popping champagne corks thanks to the government’s debt-driven spending spree amid multiple conflict scenarios.
As for the possible German contribution. But as said: whether a military deployment will actually take place remains uncertain. Europe is already feeling the consequences of its energy dependency and its eco-socialist policy course, which hit like an icy wind. Yet this does not change the fact that policymakers continue to refuse to acknowledge the geopolitical vacuum, and instead begin trying to piece together diplomatically what they have shattered in recent years – especially in relations with the United States and Russia.
From poker we know: those who repeatedly bluff at the same table with empty hands and are exposed will be dismantled in future rounds. A US withdrawal from NATO would likely also mean a full retreat from the Ukraine conflict. This move would expose both Europe’s fragile finances and its non-existent security infrastructure. The EU faces economic and geopolitical problems it cannot manage alone.
From a European perspective, not many options remain. To those advocating closer alignment with China: China sees Europe primarily as a dumping ground for surplus production from its politically driven export sector. Europe could be pressured at any time via export restrictions on rare earths or microchips. This is not a viable option.
Reintegration of Russia into a broader Eurasian cooperation would be a natural and obvious element. The attempt to force regime change in Moscow has failed. The idea, attributed to EU foreign policy chief Kaja Kallas, of fragmenting Russia into ethnic components in order to maintain leverage and control access to raw materials and energy resources remains a fantasy of hysterical Europeans trapped in their globalist worldview.
The United States remains, with its increasingly despised president in Europe, Donald Trump. He creates facts and destroys European dream worlds. And he executes a political program that allows the United States to dominate the Western Hemisphere over the long term. That the Americans project their power in the world’s maritime choke points – the Panama Canal, the Strait of Hormuz, and, following the agreement with Indonesia, the Strait of Malacca – shows: Washington is preparing for the power struggle with China.
Should Europeans believe that the two giants will not ultimately reach an understanding, they are likely mistaken. The United States and China are working at high speed to consolidate their spheres of influence, reorganizing financial systems and commodity markets in line with their specific industrial needs. Moreover, the costs of an escalating conflict between the two would be too high. It is therefore logical to divide the world into corresponding spheres of power and shift the costs onto others.
For Europeans, it becomes a burden that the unavoidable has happened: access to energy and its distribution have once again become instruments of power. Oil and gas dominate – the so-called “declared dead” are living longer than ever. And Europe’s dependency is striking: up to 60 percent of primary energy demand must be imported.
Those who fail to conclude from this simple observation that the time has come for diplomacy and fair negotiations with partners – and that the era of lecturing the world with a moral finger in order to enforce a Net Zero climate regime is over – have simply been overtaken by reality.
Brussels’ strategy to impose a European climate regime on the world failed the moment Donald Trump buried the European climate policy anchored by his predecessor Barack Obama. The fact that politicians such as Friedrich Merz, Lars Klingbeil, and Ursula von der Leyen continue to cling to climate doctrine, CO₂ trading, and the transformation agenda is tragic for Europe. Our economies are now bleeding out until economic reality – higher energy prices, rising unemployment, and the emerging sovereign debt crisis – forces a political shift.
About the author: Thomas Kolbe, a German graduate economist, has worked as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination
ISRAEL/USA VS IRAN
END
ISRAEL/IRAN/USA
Israel Waiting For US Greenlight To Renew Iran War: New ‘Targets Marked’, Says Katz
Thursday, Apr 23, 2026 – 04:40 PM
It should come as no surprise that the Netanyahu government is not happy with this current lull in the Iran war, as Trump’s initially declared 3-5 day ceasefire extension has become more of an indefinite truce, with the Hormuz Strait blockade still on.
Israel is now preparing for the possibility of a return to fighting, the country’s media is on Thursday reporting. Israel’s leadership has consistently stated that it wants to see regime change or else total government and societal collapse, saying that only then would Iran never more be a ‘threat to Israel.
Fresh remarks by Israeli Defense Minister Israel Katz have made clear that “Israel is prepared to renew the war against Iran. The IDF is prepared for both defense and offense, and the targets are marked.”
But tellingly, he admitted a big obstacle stands in the way before the go ahead for a renewed bombing campaign can be given.
“We are waiting for the green light from the U.S., first and foremost, to complete the elimination of the Khamenei dynasty and to return Iran to the dark and stone ages by destroying Iran’s major energy and power facilities,” Katz said.
“This time, our strikes will be different and more deadly, and will deliver further devastating blows to the most painful places, which will shake and collapse the regime’s foundations,” he added.
Currently, the only place where Israeli forces are still actively engaged in combat related to the Iran conflict is in Lebanon. Technically a 10-day ceasefire, which is hanging by a thread, is still on.
But there has been ongoing fighting and shelling targeting Hezbollah in the south, and the last days have seen it grow more intense, per local reports.
Meanwhile Prime Minister Netanyahu is expected to chair security consultations on Thursday evening, against backdrop of growing difficulties in the US-Iran talks, which appear to have been effectively frozen for the time being.
Israel says it is “prepared for any scenario” and is without doubt intensifying its intelligence-gathering and military preparedness, which includes the urgent restocking of its dwindled interceptor and missile arsenal.
Al Arabiya, citing Israel Channel 13 is reporting that there’s general anticipation in Israel that the war could resume “by the end of the week.”
END
Breakthrough: Trump Unveils 3-Week Extended Ceasefire In Lebanon, But Says ‘All The Time In The World’ To End Iran War
Thursday, Apr 23, 2026 – 07:00 PM
Summary
- Trump unveils three week extended ceasefire in Lebanon, wants country to “protect itself from Hezbollah”.
- Israeli media says Iran Parliament Speaker resigns from negotiating team under IRGC pressure, oil spikes. Iran rejects report as completely false.
- Trump orders US Navy ‘shoot & kill’ small Iranian boats amid concern over mines in Hormuz. Says US now “doesn’t need a deal”. Says he has “all the time in the world, Iran does not” – to end the war.
- Overnight, US military intercepted two more Iranian oil supertankers that tried to evade the blockade And in Indian Ocean US conducted a maritime interdiction and right-of-visit boarding of the sanctioned stateless vessel M/T Majestic X transporting oil from Iran.
- Media sources confirm based on prior Trump post that US has extended the ceasefire indefinitely until ‘unified proposal’ can be brought forward by Tehran.
- Iran announces first Hormuz tolls paid to the country’s central bank. Also asserts US blockade breached & could build atomic bomb “if we wanted to”.
https://embed.polymarket.com/market?market=us-x-iran-permanent-peace-deal-by-june-30-2026&height=300US x Iran permanent peace deal by June 30, 2026?
Yes 56% · No 44%
View full market & trade on Polymarket
* * *
Lebanon Breakthrough Announced By Trump
A huge breakthrough in Lebanon, where President Trump has declared an extended ceasefire for three weeks – though there have still been reports of sporadic fighting involving Israel and Hezbollah – the latter which hasn’t signed on to a ceasefire:
Israel and Lebanon agreed to extend their ceasefire by three weeks following a meeting in the White House with top U.S. officials, President Donald Trump said Thursday.
“The Meeting went very well!” Trump said in a Truth Social post announcing the extension of the temporary truce.
“The United States is going to work with Lebanon in order to help it protect itself from Hezbollah,” Trump wrote, referring to the Iran-backed militia group.
“The Ceasefire between Israel and Lebanon will be extended by THREE WEEKS,” he wrote.
Meanwhile, that Iran timeline keeps getting more and more open-ended…
Trump: All the Time in the World
President Trump pushes back on claims he is anxious to end the war; says he has all the time in the world, Iran does not. However, consumer prices and at the pump could steadily rise and next fall’s Congressional midterms might beg to differ. Here’s some of what Trump said:
• Iran’s Navy is lying at the bottom of the Sea, their Air Force is demolished, their Anti Aircraft and Radar Weaponry is gone, their leaders are no longer with us, the Blockade is airtight and strong and, from there, it only gets worse — Time is not on their side!
• A Deal will only be made when it’s appropriate and good for the United States of America, our Allies and, in fact, the rest of the World.
Iran Says Just a Drill, & Denies Reports That Ghalibaf Quit
The earlier reports of ‘air defenses active over Tehran’ was the result of a drill, Iran says. And more importantly, Tehran is rejecting Israeli media reports of a big shake-up centered on Iran’s Parliament Speaker.
‘Air Defenses Active’ Over Tehran Reports: Oil Spikes to 2-Week High
Nour News says cause still unclear, and this could be another drill, or false alarm, or a mere lone drone. Israel is denying it has launched an attack. But oil immediately reacted:
Parliament Speaker Resigns after IRGC Intervention
Israel’s N12 News has issued a breaking headline claiming that Speaker of the Iranian Parliament Ghalibaf, who has appeared to run the day to day over the civilian government, has resigned from the country’s negotiating team following the intervention of the IRGC. There have been rumors and unverified murmurings that he was even arrested.
Of course, given this comes via Israel – which is a party to the conflict – it should be taken with a grain of salt until verified; however Newsquawk notes it was enough to hit stocks and cause a spike in crude…
Meanwhile, Iranian social media accounts of Iran’s two highest civilian officials have sought to push back against the current White House/MSM consensus that Washington is dealing with a fractured, divided Iranian nation when it comes to negotiations:
END
Live Updates: US weighs strikes on Iran’s naval assets, floats ‘punishing’ NATO allies over lack of war support
Trump extends Israel-Lebanon ceasefire by three weeks • Trump: Nuclear weapons ‘should never be allowed,’ won’t be used against Iran • USS George H.W. Bush reaches Indian Ocean
US President Donald Trump waves as he departs after delivering remarks to NCAA Collegiate National Champions in the State Dining Room at the White House in Washington, DC, US., April 21, 2026.(photo credit: REUTERS/Kylie Cooper)
US planning renewed military action against Iranian infrastructure should talks fail – CNN
The option to strike Iranian energy infrastructure, as Trump had previously threatened, remains on the table as a way to pressure Tehran into agreeing to a deal.
An F/A-18F Super Hornet prepares to launch from the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran, February 28, 2026.(photo credit: U.S. Navy/Handout via REUTERS)ByMIRIAM SELA-EITAMAPRIL 24, 2026 08:22
US military officials have begun planning strikes on Iranian infrastructure and capabilities in the Strait of Hormuz should the ceasefire collapse, CNN reported on Thursday night, citing multiple sources familiar with the matter.
According to the sources, the planned options include strikes that would “dynamically target” Iran’s capabilities in the Strait of Hormuz, the southern Arabian Gulf, and the Gulf of Oman.
This would include US attacks on Iran’s small fast attack boats and minelaying vessels, among other naval assets.
However, multiple sources, including a senior shipping broker, warned CNN that military strikes on the Strait of Hormuz are unlikely to reopen the strait on their own.
“Unless you can unequivocally prove that 100% of Iran’s military capability is destroyed or near certainty that the US can mitigate the risk with our capability, it will come down to how badly [US President Donald Trump] is willing to accept the risk and start pushing ships through the strait,” one source familiar with the planning told CNN.
US planning strikes on Iranian energy plants, IRGC commander
Alternatively, the sources added, the option to strike Iranian energy infrastructure, as Trump had previously threatened, remains on the table as a way to pressure Tehran into agreeing to a deal.
Regardless, striking such infrastructure would “represent a controversial escalation in the conflict,” officials have warned.
A third option on the table is targeting Iranian military leaders and “obstructionists,” the US believes are hampering negotiations, according to one of the sources, who went on to list Islamic Revolutionary Guard Corps (IRGC) Commander in Chief Ahmad Vahidi.
“Due to operations security, we do not discuss future or hypothetical movements,” a Defense Department official told CNN when asked about target planning. “The US military continues to provide the President options, and all options remain on the table.”
END
Live Updates: Hezbollah fires rockets at northern Israel as Trump hosts Israeli-Lebanese talks at White House
Trump says nuclear weapons ‘should never be allowed,’ won’t be used against Iran • Hamas terrorists significantly recovering capabilities during ceasefire • Pope condemns killing of Iran protesters
US President Donald Trump gestures during a roundtable focused on tax cuts in Las Vegas, Nevada, US, April 16, 2026.(photo credit: REUTERS/Evan Vucci)
IDF kills Hezbollah terrorists targeting missile at IAF aircraft
The IDF killed three Hezbollah terrorists who unsuccessfully attempted to launch a surface-to-air missile towards an Israel Air Force aircraft, the military confirmed on Thursday night.
In a separate incident, terrorists launched an explosive drone at IDF soldiers operating in southern Lebanon. The IDF responded by striking terrorist infrastructure in the area, the military said.
Further, Hezbollah terrorists launched rockets at IDF soldiers operating south of the military’s Forward Defense Line. Some of the rockets were intercepted, while others hit open areas. No injuries were reported, the military confirmed.
The military also identified and dismantled two rocket launchers belonging to the terror group.
April 24, 5:48 AM
IDF intercepts Hezbollah rockets launched towards Israel
The IDF intercepted several rockets launched by Hezbollah terrorists towards Israel on Thursday night.
The rockets were successfully intercepted by the air force, and there were no injuries, the military confirmed.
The IDF later published footage showing a strike that destroyed the launcher used in this incident, as well as an additional launcher aimed towards Israel.
The launch came as US President Donald Trump hosted Israeli and Lebanese envoys for ceasefire talks at the White House.
END
AUSTRALIA AND USA/JET FUEL”
Ship Of Shame: Australia Saved By Trump’s Emergency Fuel Shipments
Friday, Apr 24, 2026 – 04:15 AM
It’s no secret that Europe and western satellite nations like Canada and Australia have been rather hostile in rhetoric when it comes to the US. This trend started well before the war in Iran and is owed largely to the ideological break between American conservative movements and European globalists and “multiculturalists”.
The Trump Administration’s trade tariffs are a big factor, but they are ultimately just another reflection of the separation of ideals between the US and its liberal “allies”. At bottom, US tariffs against allied economies are merely a response to decades of allies using tariffs against the US. Tensions between western powers are rooted in a conflict of principles, not economics.
Despite these tensions and the fact that countries like Australia have made it clear that they will not aid the US in reopening the Strait of Hormuz (which Australia relies on for the majority of its energy supplies), Trump has offered considerable help to prevent Australia from facing total economic collapse.
Australians are calling it the “Ship of Shame” – A series of refined fuel imports from the US over the course of the past month which are preventing the country crossing the “dry up” threshold. Australia imports around 90% of all it’s refined fuels, including diesel which the nation relies on heavily for industrial needs and freight needs. Around 60% of Australia’s refined fuels are produced in Asia using oil that passes through the Strait of Hormuz.
Without these US shipments, the country was four weeks away from critical shortages and potential industry shutdowns. Australian political leaders have proven to be either incompetent or indolent in their responsibilities to prepare the country for energy emergency.
Critics will argue that Australia would not have to worry about fuel shortages were it not for US intervention in Iran. But, as we warned in March, the blame rests squarely on the shoulders of the liberal Australian government, which has crippled their own economy with strict “green” polices, carbon taxation and their continuous efforts to thwart homegrown energy production.
Australia’s economic weakness is a product of many years of mismanagement and has nothing to do with the Trump Administration or the war in Iran.
The US sent around 240,000 metric tons of fuel products in March alone, the largest amount to Australia in over 30 years, with more on the way. Along with some alternative supplies coming from Africa, Malaysia and other markets, Australia’s emergency reserves are actually greater than they were before the war in Iran (with an extra 10 days of supply on top of their previous totals).
However, there is still a threat of “long tail” shortages and price hikes if the closure of the Hormuz lasts longer than a couple of months.
The lesson is clear; economic interdependency is a mistake and “just in time” supply chains are foolish. Furthermore, green energy is utterly useless and a form of economic suicide. Australia is a perfect model for what not to do when developing a national energy policy.
The country’s sudden desperate need for aid from Trump and the US will hopefully wake up the Australian public to the fact that their current far-left political leadership is inept at best, and self destructive at worst.
END
USA REPORTS
KING NEWS
| The King Report April 24, 2026 Issue 7728 | Independent View of the News |
| i24News’ @ariel_oseran: A Pakistani diplomat that there is “a real stalemate in the negotiations” between the U.S. and Iran. While there is no talk of canceling the negotiations yet, but they are stalled… Sanctions are the obstacle to its attending the negotiations… “We are trying to convince Iran to come to Islamabad to ease the sanctions. Continuing the negotiations requires concessions from America and Iran,” the Pakistani diplomat said. Traders place $430 million bet on lower oil price before Trump ceasefire extension – Reuters Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil price have been made shortly before major announcements on the Iran war… https://www.reuters.com/sustainability/boards-policy-regulation/traders-place-430-million-bet-lower-oil-price-before-trump-ceasefire-extension-2026-04-22/ @c14israel: IRGC generals have reportedly completed a quiet military coup in Tehran, sidelining the religious establishment entirely… ‘Supreme Leader’ Mojtaba Khamenei serves as a figurehead without executive powers while Revolutionary Guard survivors run Iran under heavy paranoia. Trump: Iran is having a very hard time figuring out who their leader is! They just don’t know! The infighting is between the “Hardliners,” who have been losing BADLY on the battlefield, and the “Moderates,” who are not very moderate at all (but gaining respect!), is CRAZY! We have total control over the Strait of Hormuz. No ship can enter or leave without the approval of the United States Navy. It is “Sealed up Tight,” until such time as Iran is able to make a DEAL!!! I have ordered the United States Navy to shoot and kill any boat, small boats though they may be (Their naval ships are ALL, 159 of them, at the bottom of the sea!), that is putting mines in the waters of the Strait of Hormuz. There is to be no hesitation. Additionally, our mine “sweepers” are clearing the Strait right now. I am hereby ordering that activity to continue, but at a tripled up level! @IsraelRadar_com: Senior IDF sources: Israel will have to resume war against Iran at some point; additional targets have to be bombed, especially assets linked to Iran’s ballistic missile program… In morning NYSE trading, the DJTA sank as much as 4.13% (Avis -52.1%); other major equity indices declined modestly; USMs traded flat; oil and gasoline rallied moderately; precious metals fell moderately. ESMs traded moderately lower but flat from their 18:00 ET opening on Wednesday night until they plunged to a daily low of 7105.50 (-65.75) at 20:16 ET on reports that Iran fired on commercial ships. Someone quickly appeared and forced ESMs to 7154.75 at 20:20 ET. After a sharp retreat, ESMs bounced into a pennant formation. ESMs broke out of the pennant to the upside at 7:42 ET and stair stepped to a daily high of 7181.50 (+10.25) at the 11:30 ET European close. ESMs cascaded to 7079.25 at 13:46 ET on this: Iranian Parliament Chairman Qalibaf Resigned from the Negotiation Team Following the Intervention of the Revolutionary Guards – Israeli Channel N12 Reports of air defense action near Tehran fed the ESM tumble. ESMs rebounded sharply when Israel stated that it did not attack Iran; and Iran said ‘it was a test’ of the sirens, and Ghalibaf has not resigned. Channel 14 Israel’s @DBalazada: The IRGC is limiting authority: Araghchi and Ghalibaf can continue talks with the Americans — but without the power to commit or guarantee anything. • A rollback from previous understandings regarding 60% enriched uranium (450 kg) • The message from Tehran: talks — yes; commitments — no Power centers in Iran right now: Ahmad Vahidi – IRGC Commander • Mohammad Bagher Zolqadr – Secretary of the National Security Council Power map inside the regime: The main divide is no longer just IRGC vs. others • The real split: hardliners vs. pragmatists • Even outside the IRGC, there are figures aligning with the hawkish camp Bottom line: Hardliners are gaining strength, controlling decision-making — and hardening Iran’s position vis-à-vis the United States. 14:20 ET ESMs hit 7152.50 at 14:37 ET and rolled over on this: @AJENews: US President Donald Trump says a deal with Iran will only be made when it is “appropriate and good” for the US. ESMs fell to 7124.50 at 14:59 ET. They bounced modestly a report that Trump would hold an emergency press conference to address Iran developments (to halt the stock decline?). This was a bogus report. Trump appeared at a scheduled ‘Health Care Affordability’ event near 14:15 ET. @RapidResponse47: @POTUS announces a Most Favored Nation agreement with @Regeneron — the 17th such agreement with the world’s largest drug companies, lowering prices for Americans. Trump: Regeneron Will Invest $27B in The US – BBG 15:18 ET Trump Praises Eli Lilly, Pfizer for Building in the US – BBG 15:44 ET Trump: Car Companies Coming From Canada, Mexico, Japan – BBG 15:45 ET Trump: Chip Companies Are Coming Back to the US – BBG 15:46 ET ESMs fell to 7121.to at 15:50 ET because DJT did NOT address Iran in the presser. The late manipulation pushed ESMs to 7146.75 at 15:59 ET. While the NYSE was closing, Trump bragged about killing Iranians leaders; said his blockade is “100% effective;” claimed Iran wants to make a deal for the umpteenth time; slammed the media for its coverage of the Iran War; “We have total control of Hormuz;” Iran does not know who is running the country. When asked about gasoline prices DJT retorted several times, “The stock market is at an all-time high.” Trump has greatly botched the Iran War, starting in June when he halted the IDF-US attack on Iran in his zeal to win the Noble Peace Prize. The IRGC, like the Nazis, are in an existential fight; but Trump doesn’t realize this (Bibi does). Trump’s incessant TACOs and deadline extensions have emboldened the IRGC, who do not care how much Iranians suffer. Trump’s Social Media Blitz (AKA ‘his big mouth’) Divides Advisers as Iran Talks Teeter – BBG … peace talks… being hindered by President Donal Trump’s threats and brash social media posts… is key to the impasse… “Trump’s style of messaging has undermined his own position of wanting diplomacy to work,” said Alex Vatanka, a senior fellow specializing in Iran at the Middle East Institute. “In the case of this Iranian regime, effective means quiet, silent, not loud, not in the media, not attacking Iranian leaders in social media posts…” It’s not just Iran. Trump’s big mouth and monumental narcissism prevents him for building coalitions to get important policies instituted. Leaders bring disparate partes together to get things done! They do NOT alienate factions with vile, puerile, self-glorifying barbs. (See Ronald Reagan!) Trump felt the need to respond to comments and whispers that he is eager to make a deal: For those people, fewer in number now than ever before, that are reading The Failing New York Times, or watching Fake News CNN, that think that I am “anxious” to end the War (if you would even call it that!) with Iran, please be advised that I am possibly the least pressured person ever to be in this position…” Meta… to cut 10% of workers… to boost efficiency and offset heavy spending on AI: BBG Microsoft is offering retirement buyouts to ~8,750 US employees as it ramps up spending on AI. If AI succeeds to the degree that is forecasted by its barkers, US socialism will increase sharply, or else! Positive aspects of previous session The S&P 500 Index and Nasdaq hit all-time highs as Fangs soared on pattern buying for coming results. Semiconductor stocks rallied for the 16th straight session (Yet ‘they’ see no bubble) The DJIA rallied 340.65 points. Negative aspects of previous session Trump-Iran Roulette spun a double zero; stocks cratered. The DTJA plunged again on Avis. Oil and gasoline soared; USM declined smartly. Ambiguous aspects of previous session Does Trump’s fixation on the stock market suggest a rig? 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 day traders]: 7100.91 Previous session (S&P 500 Index) High/Low: 7147.78; 7046.55 The Chief Justice and His Wife Took $20 Million From Firms He Rules On. I’m Filing for His Disbarment Today. Over sixteen years of financial disclosure forms, Chief Justice John Roberts mischaracterized more than twenty million dollars in household income from law firms appearing before the Supreme Court. He concealed his wife’s equity stake in her employer for three consecutive years. He failed to recuse from more than five hundred cases argued at the Supreme Court by law firms that had paid his household millions in commission… The whistleblower is Kendal Price, a former managing director at Major, Lindsey and Africa, the legal recruiting firm where Jane Sullivan Roberts worked from 2007 to 2014. Price filed a federal complaint in December 2022 with the House and Senate Judiciary Committees and the Department of Justice. He attached internal company spreadsheets, his own sworn affidavit, Jane Roberts’s 2015 arbitration testimony, and Gershman’s supporting legal memorandum. https://cmarmitage.substack.com/p/the-chief-justice-and-his-wife-took The New Republic, April 2023: Congress Has Known About John Roberts’s Wife’s Shady Financial Dealings for Months https://newrepublic.com/post/172304/congress-known-john-robertss-wifes-shady-financial-dealings-months INTC Q1 Adj EPS .29, 0.2 expected; sees Q2 EPS .20, .09 exp; Intel +17.5% in after-hour trading. Fed Balance Sheet: +$1.723B on Repos -$10.459B, T-Bills +$12.645B; Reserves -$25.563B Today – Traders remain over-the-moon bullish, especially on Fangs and related trading sardines, and want to play for The Friday Rally. However, credible reports indicate that hardlines have control in Iran and there is little or NO chance for a deal by DJT’s latest deadline this weekend. Ergo, barring news, few traders – unless they have inside info from Team Trump – will go home for the weekend with ‘a big matzo ball hanging out.’ “That’s gold, Jerry!” ESMs are +12.50; NGMs are +183.50 (on INTC); USMs are -2/32; gas & oil are up a bit at 21:22 ET. Expected Earnings: PG 1.56, NSC 2.50, HCA .96, SLB .52 Expected Economic Data: Apr UM Sentiment 48.5, Current Conditions 50.7, Expectations 47.4, 1-yr Inflation 4.8%, 5-10-yr Inflation 3.4%; KC Fed Services Activity 10; Fed in blackout for 4/29 FOMC S&P Index 50-day MA: 6785; 100-day MA: 6839; 150-day MA: 6799; 200-day MA: 6701 DJIA 50-day MA: 47,902;100-day MA: 48,317; 150-day MA: 47,785; 200-day MA: 47,062 (Green is positive slope; Red is negative slope) S&P 500 Index (7108.40 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 6035.78 triggers a sell signal Weekly: Trender and MACD are negative – a close above 7137.44 triggers a buy signal Daily: Trender and MACD are positive – a close below 6977.97 triggers a sell signal Hourly: Trender and MACD are negative – a close above 7137.02 triggers a sell signal @realDonaldTrump: Wow! Cryin’ Chuck Schumer just said, for the whole World to hear, that “NOBODY RESPECTS BORDER PATROL OR ICE.” That is one of the most egregious, incorrect, unpatriotic, and dangerous statements I have EVER heard from a “professional” politician. HE MUST IMMEDIATELY APOLOGIZE TO THESE GREAT PATRIOTS, AND I MEAN NOW! @EricLDaugh: DHS Sec. Markwayne Mullin just WENT BERSERK on Chuck Schumer on national television! “Chuck Schumer — NO ONE RESPECTS YOU. The definition of a lying SCUMBAG politician1 That is YOU. You would be the definition if you Googled you right now!” “For you to say that is so disrespectful to the law enforcement that is out there protecting YOU — because he has a detail with him! How about HE walks around these city streets without a detail?! I wonder how safe he would feel!” “I mean, why don’t you just come out and be honest with American people? He wants to have open borders. If you want to defund the Customs and Border Protection Agency, if you want to defund ICE, who is in there arresting the criminals that the laws were passed by YOU, YOU had time to change those during the Biden administration.” “You didn’t because you’re for open borders and you’re for the criminals running AMOK in our cities!” https://x.com/EricLDaugh/status/2047313116615077900 @GOP_is_Gutless: The Russia Hoax was a coup, and Obama was briefed from the start. Catherine Herridge just dropped a bombshell letter with margin notes proving: • Obama was personally briefed by Brennan on Hillary & Brennan’s schemes • Comey and Strzok were also read in on it • The FBI knew the intelligence was “exaggerated and/or fabricated” Yet they ran the Russia-Russia-Russia scam + Mueller investigation for 3 straight years to destroy Trump. They knew it was fake. They did it anyway. The biggest political scandal in American history. https://x.com/GOP_is_Gutless/status/2047295871033704955 Reuters: Pope Leo on Thursday firmly condemned the killing of protesters in Iran, after U.S. President Donald Trump criticized the Catholic leader last week for not doing so while speaking out against the U.S.-Israel war with Iran… “When a regime, when a country takes decisions which takes away the lives of other people unjustly, then obviously that is something that should be condemned,” he said… The FBI arrested a special forces soldier who was involved in the capture of Venezuelan President Maduro for allegedly winning ~$409,881 by betting on his removal from office. With all the inside trading on Wall St, a GI gets arrested! Total BS! | |
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