JULY 3/GOLD CLOSED UP $62.95 TO $4175.00 WITH SILVER UP ANOTHER $1.81 TO $62.39//PLATNINUM CLOSED UP $54.00 TO $1644.00 WHILE PALLADIUM CLOSED EVEN AT $1270.50//GOLD COMMENTARIES TONIGHT COURTESY OF CHRIS POWELL WITH HIS GATA DISPATCHES//COMMODITY REPORTS TONIGHT ON SILVER//REPORTS TONIGHT FROM THE UK AND GERMANY AND EUROPE ITSELF//ISRAEL VS IRAN UPDATES/ISRAEL TBN//ISRAEL VS HAMAS UPDATES//RUSSIA VS UKRAINE UPDATES//VACCINE INJURY REPORTS// AND IVERMECTIN ON TREATING CANCER//USA ECONOMIC REPORTS FOR YOU TONIGHT//HAPPY 4TH OF JULY
092 C DEUTSCHE BANK 205 099 H DEUTSCHE BANK AG 29 555 C BNP PARIBAS SEC CORP 16 661 C JP MORGAN SECURITIES 160
TOTAL: 205 205 MONTH TO DATE: 8,741
JPMORGAN STOPPED: 160/205
GOLD: NUMBER OF NOTICES FILED FOR JULY/2026: 205 CONTRACTs NOTICES FOR 20,500 OZ or 0.6376 TONNES
total notices so far: 8741 contracts FOR 874,100 OZ OR 27.188 TONNES
JULY 3
XXXXXXXXXXXXXXXXXX
SILVER NOTICES: 10 NOTICE(S) FILED FOR 0.050 MILLION OZ /
total number of notices filed so far this month : 5186 CONTRACTS (NOTICES) for 25.980 million oz
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GLD AND SILV
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
GLD
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $62.95 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/// NO CHANGES IN GOLD INVENTORY AT THE GLD:
INVENTORY RESTS AT 1005.320 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $1.81 AT THE SLV: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: SMALL CHANGES IN SILV INVENTORY: A SMALL DEPOSIT OF 950,000 /// : INVENTORY RESTS AT THE SLV AT 480.300 MILLION OZ//
CLOSING INVENTORY RESTS AT:
CLOSING INVENTORY: 480.300 MILLION OZ
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A MEGA MEGA HUGE SIZED 935 CONTRACTS TO AN OI OF 106,573 STILL A LOT HIGHER FROM ITS NEW RECORD LOW OF 95,999 SET MAY 1/2026. THE RECORD HIGH OI FOR SILVER IS 244,710, SET FEB 25/2020, AND THIS HUGE GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR GAIN OF $0.58 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. ON THE FIRST OF MAY, WE REACHED OUR RECORD LOW OI OF 95,999 SURPASSING EVERY DAY NEW OI LOWS SET DURING THE LAST WEEK OF APRIL 2026.
NOW ON A NET BASIS OUR SPECULATORS HAVE REVERTED BACK TO GOING SHORT. THE FRBNY ON A NET BASIS IS PROVIDING THE NECESSARY PAPER TO OUR LONG BANKERS AND THEN TENDER FOR PHYSICAL AT 4 PM EACH NIGHT. BECAUSE OF THE HUGE SHORTFALL IN PHYSICAL SILVER IN LONDON THERE IS A LOTTERY TO SEE WHO GETS ANY OF THE PHYSICAL SILVER AVAILABLE THAT WHICH THEY ARE OBLIGATED TO DELIVER. THEY WAIT PATIENTLY FOR THEIR PHYSICAL METAL AND IF NOBODY GETS ANY THEY THEN COME BACK THE NEXT DAY AND SO ON. THIS IS IN LONDON, THE HOME OF PHYSICAL SILVER!! THE FACT THAT WE ARE WITNESSING MANY EXCHANGE FOR PHYSICAL TRANSFERS TO LONDON HIGHLIGHTS THE FACT THAT THE COMEX IS OUT OF SILVER AS WELL.
WE ARE NOW MOVING TO A MUCH LOWER BASE IN SILVER PRICING BREAKING MAJOR SUPPORT LEVEL OF $70.00. SHORTLY WE WILL REVERT BACK TO NUMBERS GREATER THAN 70 DOLLARS PER OZ.
WE HAVE A MEGA MEGA HUGE GAIN OF 1134 TOTAL CONTRACTS ON OUR TWO EXCHANGES AS THE CME NOTIFIED US OF A GOOD SIZED SIZED 299 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE , WE HAD LITTLE LIQUIDATION OF T.A.S. CONTRACTS IN COMEX TRADING WITH RESPECT TO THURSDAY TRADING// WE HAD A HUMONGOUS SIZED 856 CONTRACT T.A.S. ISSUANCE!! / THEY DESPERATELY AGAIN TODAY TRYING TO CONTAIN SILVER’S PRICE RISE FOR THE PAST SEVERAL WEEKS (WHERE RAIDS ARE CALLED UPON AGAIN AND AGAIN TRYING TO STOP THE RISE IN SILVER’S PRICE TO ABOVE $100.00 AND TO QUELL ADDITIONAL DERIVATIVE LOSSES TO OUR BANKERS’ MASSIVE TOTALS). THEY FAILED ON TUESDAY WITH SILVER’S GAIN IN PRICE
THE PRICE STILL FINISHED BELOW THE MAGIC NUMBER OF $70.00 SILVER SPOT PRICE BUT STILL BELOW THE $100.00 MARK CLOSING AT $60.58 UP $0.58. WE ARE NOW WITNESSING HAVING MANY HUGE T.A.S ISSUANCES // TODAY’S WAS A HUMONGOUS SIZED 856 T.A.S. CONTRACTS !!. THE CROOKS ARE BECOMING MORE DESPERATE TO STOP SILVER BREAKING ABOVE THE 100.00 DOLLAR MARK!! AND NOW THE HUGE SUPPORT LEVEL OF 70 DOLLARS HAS BEEN BROKEN// //.MAMMOTH SIZE T.A.S ISSUANCES ARE BECOMING THE NORM AT THE COMEX NOW!!
THERE IS NO NEXT LINE IN THE SAND ONCE THE 100.00 DOLLAR SILVER IS PIERCED AGAIN. WE HAD A GOOD SIZED 299 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY OUR HUMONGOUS SIZED 856 CONTRACT T.A.S ISSUANCE WHICH WILL BE USED IN FUTURE TRADING//AS THEY PLAY AN INTEGRAL PART IN OUR COMEX TRADING TRYING TO CONTAIN ANY SILVER PRICE RISE.
IN ESSENCE WE HAD A MEGA MEGA HUGE SIZED GAIN OF 1134 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR GAIN IN PRICE OF $0.58. WE HAD HUGE GOVERNMENT (FRBY) COMEX CONTRACTS TRADING ALL WEEK AND A MAJOR PORTION WILL BE REMOVED BY DAYS END. (I RECORD THIS FOR YOU ON A DAILY BASIS). THE STICKY SPECULATOR LONGS STILL REMAIN STOIC
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.
THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, THROUGHOUT MONTH. TOTAL TAS ISSUED ON THURSDAY NIGHT/FRIDAY MORNING: A HUMONGOUS SIZED 856 CONTRACTS. DESPITE MANY COMPLAINTS THAT THESE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED FRBNY BANKERS).
THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS AS ONE UNIT, BUT SELL THE SHORT SIDE FIRST AND THEN LIQUIDATE THE LONG SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS NOW ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1.1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES.
THUS:
INITIAL STANDING FOR JANUARY: 22.915 MILLION OZ FOLLOWED BY TODAY’S 1.185 MILLION OZ QUEUE JUMP//NEW NORMAL STANDING ADVANCES TO 49.445 MILLION OZ// TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK FOR .100 MILLION OZ//NEW STANDING ADVANCES TO 49.545 MILLION OZ!!
INTIAL STANDING FOR FEBRUARY/SILVER: 13.505 MILLION OZ FOLLOWED BY TODAY’S 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 TINY QUEUE JUMP OF XX CONTRACTS OR XXX OZ/NEW STANDING ADVANCES TO 46.060 MILLION OZ
INITIAL STANDING FOR APRIL: 7.120 MILLION OZ FOLLOWED BY TODAY’S 1 CONTRACT QUEUE JUMP WHERE 5,000 OZ WILL TAKE DELIVERY OVER ON THIS SIDE OF THE POND. NEW STANDING FOR SILVER AT THE COMEX THUS ADVANCES SLIGHTLY TO 16.565 MILLION OZ PLUS WE MUST ADD OUR 4TH EXCHANGE FOR RISK ISSUANCE OF 17 CONTRACTS OR 0.085 MILLION OZ. THESE WILL BE ADDED TO OUR OTHER 3 ISSUANCES //NEW TOTAL EXCHANGE FOR RISK//1.165 MILLION OZ// NEW TOTAL SILVER STANDING 17.730 MILLION OZ//
INITIAL STANDING FOR MAY: 31.495 MILLION OZ FOLLOWED BY ANOTHER 3 CONTRACT EXCHANGE FOR PHYSICAL JUMP TO LONDON FOR 0.015 MILLION OZ// AND THEN TO BOOT WE HAD OUR FIRST EXCHANGE FOR RISK ISSUANCE FOR 51 CONTRACTS OR 255,000 OZ MAY 21./STANDING BEFORE EXCHANGE FOR RISK: 32.070 MILLION OZ/NEW STANDING THUS REDUCES TO 32.325 MILLION OZ/.//(32.070 MILLION OZ NORMAL STANDING PLUS .255 MILLION OZ EXCHANGE FOR RISK = 32.325 MILLION OZ)
JUNE INITIAL STANDING FOR SILVER:10.935 MILLION OZ TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 10,000 OZ//NEW STANDING ADVANCES TO 12.970 MILLION OZ// TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 20 CONTRACTS FOR 100,000 OZ//NEW STANDING ADVANCES TO 13.070 MILLION OZ. (IN EXCHANGE FOR RISK THE BUYER ASSUMES THE RISK AND ONLY A CENTRAL BANK WOULD TAKE THAT RISK. THE BUYER IS PROBABLY THE CENTRAL BANK OF INDIA.)
JULY INITIAL STANDING: 37.110 MILLION OZ FOLLOWED BY A SMALL 52 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE OR 0.260 MILLION OZ WHERE DELIVERY WILL OCCUR IN LONDON. THUS STANDING ADVANCES TO 35.735 MILLION OZ//
SUMMARY OF OUR JUNE 2026 COMEX CONTRACT MONTH:
WE HAD:
/ HUGE COMEX LOSS+// HUGE SIZED EFP ISSUANCE CONTRACTS AT 1065 CONTRACTS (/ VI) A HUMONGOUS NUMBER OF T.A.S. CONTRACT ISSUANCE 812 CONTRACTS
xx I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED XXX SILVER CONTRACT//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JULY.. ACCUMULATION
TOTAL CONTRACTS for 3 DAY(S), total 2054 contracts: OR 10.270 MILLION OZ (684 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 10.270 MILLION OZ
LAST 24 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:
MAY 137.83 MILLION
JUNE 149.91 MILLION OZ
JULY 129.445 MILLION OZ
AUGUST: MILLION OZ 140.120
SEPT. 28.230 MILLION OZ//
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE
APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 87.110 MILLION OZ
AUGUST: 65.025 MILLION OZ
SEPT. 74.025 MILLION OZ///FINAL
OCT. 29.017 MILLION OZ FINAL
NOV: 134.290 MILLION OZ//FINAL
DEC, 61.395 MILLION OZ FINAL
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)
AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )
NOV. 115.970 MILLION OZ ( HUGE THIS MONTH)
DEC: 132.54 MILLION OZ (THIS MONTH WILL BE A HUMDINGER FOR ISSUANCE BUT ISSUANCE SLOWED DRAMATICALLY THESE PAST FIVE DAYS/// WILL NOT EXCEED MARCH 2022 RECORD OF 209 MILLION OZ
YEAR 2024 TOTAL: 1363.84 MILLION OR 1.363 BILLION OZ
JANUARY 2025: 67.230 MILLION OZ///(THIS MONTH’S ISSUANCE OF EXCHANGE FOR PHYSICAL WILL BE SMALL)
FEB. 58.260 MILLION OZ//EXCHANGE FOR PHYSICAL ISSUANCE/FINAL
MARCH: 67.020 MILLION OZ///QUITE SMALL AND BECOMING SMALLER EACH AND EVERY MONTH.
APRIL: 100.895 MILLION OZ///AVERAGE SIZE ISSUANCE
MAY: 28.975 MILLION OZ (ISSUANCE WILL BE QUITE SMALL THIS MONTH)
JUNE: 81.065 MILLION OZ
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 59.455 MILLION OZ (QUITE SMALL)
SEPT. 50.510 MILLION OZ.(QUITE SMALL)
OCT; 82.020 MILLION OZ (WILL BE STRONG THIS MONTH)/ OCC WANTS TO REIN IN THESE ISSUANCES!
NOVEMBER: 36.425 MILLION OZ
DEC: 45.765 MILLION OZ
JANUARY 2026: 134.270 MILLION OZ (WILL BE A VERY STRONG MONTH FOR EXCHANGE FOR PHYSICAL!)
FEB : 82.130 MILLION OZ
MARCH: 56.075 MILLION OZ
APRIL; 44.44 MILLION OZ//FINAL.. SMALL THIS MONTH.
MAY 59.79 MILLION OZ
JUNE. 64.065 MILLION OZ//FINAL AND FAIR SIZED THIS MONTH.
JULY: 10.270 MILLION OZ
RESULT: WE HAD A HUGE INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 835 CONTRACTS WITH OUR GAIN IN PRICE OF $0.48 IN SILVER PRICING AT THE COMEX// THURSDAY,. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED CONTRACT EFP ISSUANCE OF 299 CONTRACTS ISSUED FOR SEPT, AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS).
INITIAL STANDING: 37.110 MILLION OZ FOLLOWED BY TODAY’S SMALL 0.260 MILLION OZ EXCHANGE FOR PHYSICAL TRANSFER TO LONDON: STANDING THUS ADVANCES TO 35.735 MILLION OZ//
LAST 14 MONTHS OF SILVER DELIVERIES
WE FINISHED APRIL WITH A STRONG SILVER OZ STANDING OF 16.050 MILLION OZ NORMAL DELIVERY , PLUS OUR 4.00 MILLION EX FOR RISK
FINAL STANDING APRIL: 19.965 MILLION OZ
AND MAY:
NEW STANDING FOR MAY FINISHES AT: 75.615 MILLION OZ. (INCLUDES 5,000 OZ EFP TRANSFER TO LONDON + 12.93 MILLION OZ EXCHANGE FOR RISK ISSUANCE/PRIOR.//NEW TOTAL STANDING 88.540 MILLION OZ
AND JUNE: FINAL 16.995 MILLION OZ
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 5,000 OZ QUEUE JUMP //NEW STANDING ADVANCES TO 10.960 MILLION OZ
SEPTEMBER: 68.040 MILLION OZ NORMAL DELIVERY(INCLUDES ALL QUEUE JUMPING AND EXCHANGE FOR PHYSICAL TRANSFERS) PLUS 3.0 MILLION OZ EX FOR RISK = 71.040 MILLION OZ. (THIS IS THE FIRST AND ONLY ISSUANCE OF EXCHANGE FOR RISK FOR SILVER SINCE MAY.)
OCTOBER: 39.565 MILLION OZ OF NORMAL DELIVERY INCLUDES ALL QUEUE JUMPING
PLUS
2.110 MILLION OZ EXCHANGE FOR RISK//TOTAL OZ STANDING IN OCT 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 5,000 OZ QUUE JUMP //NEW STANDING ADVANCES TO 16.565MILLION OZ PLUS 1.165 MILLION OZ EXCHANGE FOR RISK.NEW TOTALS 17.730 MILLION OZ
MAY: INITIAL AMOUNT OF SILVER WILLING TO STAND; 31.495 MILLION OZ/ TO WHICH WE ADD OUR NEXT EXCHANGE FOR PHYSICAL JUMP OF 15,000 OZ//NEW STANDING REDUCES TO 32.070 MILLION OZ//(FOLLOWING MANY EXCHANGE FOR PHYSICAL TRANSFERS TO LONDON DURING THIS MAY DELIVERY MONTH). THERE SEEMS TO BE A SCARCITY OF SILVER OVER AT THE COMEX). THEN WE ADD OUR FIRST EXCHANGE FOR RISK OF 51 CONTRACTS FOR 255,000 OZ//STANDING ADVANCES TO 32.325 MILLION OZ//
JUNE: INITIAL AMOUNT OF SILVER WILLING TO STAND: 10.935 MILLION OZ PLUS OUR NEXT QUEUE JUMP OF 10,000 OZ//NEW STANDING ADVANCES TO 12.960 MILLION OZ TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK OF 20 CONTRACTS FOR 100,000 OZ//NEW STANDING ADVANCES TO 13.070 MILLION OZ
JULY : INITIAL STANDING: 37.110 MILLION OZ FOLLOWED BY TODAY’S SMALL 0.260 MILLION OZ EXCHANGE FOR PHYSICAL TRANSFER TO LONDON//STANDING THUS ADVANCES TO 35.735 MILLION OZ//
THE NEW TAS ISSUANCE FOR TODAY (856) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED NO DOUBT WITH FUTURE TRADING LIKE TODAY.
WE HAD 10 NOTICE(S) FILED TODAY FOR 0.050 MILLION OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY BANKERS
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 1813 OI CONTRACTS DOWN TO 368,898 OI AND THIS OI STILL SURPASSES BY A CONSIDERABLE MARGIN THE ALL TIME LOW AT 326,052 SET JUNE3/2026 AND THIS OI IS MUCH FURTHER FROM THE RECORD HIGH (SET JAN 24/2020) AT 799,105 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. WE HAVE NOW ADVANCED PAST THE PREVIOUS ALL TIME LOWS OF 357,136 SET APRIL 2/.2026AND 354,581 SET AT THE END OF APRIL 2026. WE ARE STILL QUITE A WAY FROM OUR TWO DECADES OLD: 390,000 CONTRACTS LOW SET IN THE YEAR OF 2001 WITH TRADING FOR GOLD AT $260.00. THUS DURING EARLY APRIL WE HAD AN ALL TIME LOW OI IN COMEX (354,531) BUT WITH AN EXTREMELY HIGH PRICE OF GOLD. IN MAY: RECORD LOW OI OF 326,052 WITH A GOLD PRICE OF $4,460 THE SHORT RATS ARE ABANDONING THE COMEX SHIP, NOBODY WANT TO PLAY IN THIS CROOKED CASINO!! (AND THIS CORRELATES WITH SILVER’S LOW OI OF 104,154 CONTRACTS WITH A MUCH HIGHER SILVER PRICE BASE//$58.00)
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: ADDED XX CONTRACTS //.
WE HAD A FAIR GAIN IN COMEX OI (1813 CONTRACTS) . THIS GAIN IN OI OCCURRED WITH OUR GAIN IN PRICE OF $44.25 //,THURSDAY
///.
LAST 14 MONTHS OF GOLD DELIVERIES: (MAY 2025 THROUGH TO /MAY 2026)
1.MAY SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
FINAL STANDING FOR MAY: 70.174 TONNES OF GOLD TO WHICH WE ADD 1. MONDAY’S (MAY 19) 6.221 TONNES EXCHANGE FOR RISK , 2. THEN WE ADD: 1.35 TONNES TO LAST WEEK”S. THEN WE ADD 3. 1.55 TONNES TO EQUAL 9.591 TONNES// NEW EXCHANGE FOR RISK = 9.591 TONNES WHICH MUST BE ADDED TO OUR NORMAL DELIVERY SCHEDULE OF 80.644 TONNES. THUS STANDING FOR MAY INCREASES TO 90.235 TONNES OF GOLD
2 JUNE CONTRACT MONTH: 93.085 TONNES OF GOLD (WHICH INCLUDES ALL QUEUE JUMPING AND 0 EX FOR RISK)
3.JULY INITIIAL STANDING FIRST DAY NOTICE: 17.847 TONNES. PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES STANDING
4. AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.
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 345 CONTRACT QUEUE JUMP FOR 34,500 OZ/ (1.073 TONNES)/NEW STANDING ADVANCES TO 70.286 TONNES TO WHICH WE ADD OUR 2ND EXCHANGE FOR RISK OF 1498 CONTRACTS FOR 149800 OZ OR 4.659 TONNES. THE NEW TOTAL EXCHANGE FOR RISK FOR THE MONTH OF APRIL IS 2239 CONTRACTS OR 223900 OZ OR 6.964 TONNES AND THIS WILL BE ADDED TO OUR NORMAL DELIVERY TOTALS (70.762 TONNES) TO GIVE US WHAT WILL STAND IN APRIL (77.726 TONNES)
MAY: INITIAL AMOUNT OF GOLD WILLING TO STAND: 12.24 TONNES OF GOLD TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 345 CONTRACTS OR 34500 OZ (1.073 TONNES) TO WHICH WE ADD OUR FIVE EXCHANGE FOR RISK ISSUANCES FOR 24.635 TONNES/STANDING NOW ADVANCES TO 51.554 TONNES OF GOLD.
JUNE; INITIAL AMOUNT OF GOLD WILLING TO STAND; 64.496 TONNES.(CME CORRECTED) TO WHICH WE ADD OUR NEXT EXCHANGE FOR PHYSICAL TRANSFER OF 0.0186 TONNES/NEW STANDING REDUCES TO 127.03 TONNES
JULY: INITIAL AMOUNT OF GOLD WILLING TO STAND: 23.306 TONNES TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 0.8304 TONNES//NEW STANDING ADVANCES TO 27.480 TONNES
E.F.P. ISSUANCE/FOR OPENING JUNE. GOLD CONTRACT
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1200 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 368.898 SURPASSING THE PREVIOUS ALL TIME LOW OF 326,052 SET JUNE 3 AND RISING FROM OUR PREVIOUS RECORD LOW//MAY 28.2026 WE HAVE THUS RECORD LOW COMEX OI WITH A HIGH PRICE OF GOLD
SILVER ALSO HAS AN ULTRA SMALL SIZED AND EXTREMELY LOW COMEX OI OF 106,573 CONTRACTS// STILL ABOVE FROM PREVIOUS ALL TIME LOWS SET DURING THE MONTH OF APRIL AND MAY FIRST.
IN ESSENCE WE HAVE A FAIR GAIN IN TOTAL CONTRACTS IN GOLD ON THE TWO EXCHANGES OF 3013 CONTRACTS WITH 1813 CONTRACTS DECREASED AT THE COMEX// AND A FAIR SIZED 1200 EXCHANGE FOR PHYSICAL OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON.
THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 3013 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A LOT STRONGER SIZED AND CRIMINAL 1925 CONTRACTS AND THESE ISSUANCES ARE GENERALLY USED TO INITIATE A RAID WHEN CALLED UPON .
GOLD PRICE ON TUESDAY ROSE BY $44.05
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS CONTRACT (1200 ) ACCOMPANYING THE FAIR GAIN IN COMEX OI OF 1813 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES 3013 CONTRACTS!! WITH THE GAIN IN PRICE.
WE HAVE 1) NOW REVERTED TO OUR FORMAT OF BANKER (FRBNY) GOING ON THE LONG SIDE AND HUGE NUMBERS OF NEWBIE SPECULATORS GOING TO THE SHORT SIDE LED BY THE NOSE BY OUR HIGH FREQUENCY TRADERS.. IT WAS OUR SHORT SPECULATORS THAT WILL BE BRUTALIZED WHEN OUR CENTRAL BANKS TENDER FOR PHYSICAL GOLD WITH THEIR NEWLY BOUGHT GOLD FROM THE SPECS THIS MORNING. THE SPECS WILL BE SCRAMBLING LOOKING FOR PHYSICAL GOLD TO DELIVER TO OUR LONG CENTRAL BANKS.
STANDING FOR THE LAST 5 MONTHS JANUARY TO MAY:
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 27,800 OZ QUEUE JUMP (0.8648TONNES): NEW STANDING ADVANCES TO 70.286 TONNES PLUS OUR TWO EXCHANGE FOR RISK FOR 223,900 OZ OR 6.964 TONNES/NEW STANDING: 77.726 TONNES
MAY: INITIAL AMOUNT OF GOLD WILLING TO STAND; 12.24 TONNES TO WHICH WE ADD OUR NEXT QUEUE JUMP FOR 345 CONTRACTS/34,500 OZ// 1.073 TONNES/ THEN WE MUST ADD OUR EXCHANGE FOR RISK ISSUANCE: TOTAL EXCHANGE FOR RISK MAY// 5 OCCASIONS: 24.635 TONNES///NEW STANDING NOW ADVANCES TO 51.554 TONNES
JUNE: INITIAL AMOUNT OF GOLD WILLING TO STAND: 64.496 TONNES TO WHICH WE ADD OUR NEXT EXCHANGE FOR PHYSICAL TRANSFER JUMP OF 0.0186 TONNES//NEW STANDING REDUCES TO 127.03 TONNES//FINAL
JULY: INITIAL AMOUNT OF GOLD WILLING TO STAND: 23.306 TONNES OF GOLD TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 0.8304 TONNES//NEW STANDING FOR GOLD ADVANCES TO 27.480 TONNES.
3) HUGE T.A.S. LIQUIDATION IN THE COMEX SESSION AND SOME GOVT LIQUIDATION // WITH A STRONG GAIN OF EQUITY SHARES/JULY 2 HAVING 1)A $44.95 COMEX PRICE GAIN AND WE HAD 2) SPEC PILING HUGELY ON THE SHORT SIDE// +3. EASTERN CENTRAL BANKERS ALSO PILING INTO THE LONG SIDE. WE HAD A FAIR GAIN OF 3013 CONTRACTS ON OUR TWO EXCHANGES AND AS WELL A STRONG AMOUNT OF GOLD WILL STAND FOR DELIVERY IN JULY. (27.480 TONNES). THE SHORT SPECS CONTINUED TO PILE INTO THE SHORT SIDE.//, CENTRAL BANKERS THE LONG SIDE AND THEY THEN TENDERED FOR PHYSICAL WITH THEIR PURCHASES OF CONTRACTS../ ALSO, 3)STICKY GOLD’S LONGS WERE REWARDED THURSDAY EVENING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL
4)A FAIR SIZED COMEX OI GAIN 5) V) FAIR SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD(1200) AND 6. A STRONG T.A.S. ISSUANCE (1925) FOR RAID PURPOSES.!!!
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JULY :
TOTAL EFP CONTRACTS ISSUED: 6119 CONTRACTS OR 611,900 OZ OR 19.032 TONNES IN 3 TRADING DAY(S) AND THUS AVERAGING: 2039 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN3 TRADING DAY(S) IN TONNES: 19.032 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2025, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 19.032 TONNES DIVIDED BY 3550 x 100% TONNES = 0.535% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2023 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2024: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES
2025: AND NOW 2026
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STRONG THIS MONTH
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 175.86 TONNES A LOT LARGER THIS MONTH.
SEPT. 116.13 TONNES VERY SMALL
OCT. 252.72 TONNES//CERTAINLY MUCH LARGER THIS MONTH/VERY STRONG
NOV: 124.74 TONNES
DEC: 190.04 TONNES//GOOD SIZED THIS MONTH FINAL.
TOTAL EXCHANGE FOR PHYSICAL ISSUED FOR YEAR 2025: 2,026.20 TONNES (LOWER THAN LAST YR 2,569.00 TONNES
JANUARY: 209.08 TONNES ( (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; 88.00 TONNES// WILL BE VERY SMALL THIS MONTH
MAY 118.430 TONNES
JUNE: 142.053 TONNES
JULY: 19.032 TONNES
SPREADERS:
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS
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 ROSE BY A HUGE 835 CONTRACTS TO AN OI OF 106,573
EFP ISSUANCE 299 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 299 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 835 CONTRACTS AND ADD TO THE 299 E.FP. ISSUED
WE OBTAIN A HUGE GAIN OF 1134 OI OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES DESPITE OUR GAIN OF $0.48
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 5.670 MILLION PAPER OZ
OCCURRED WITH OUR GAIN IN PRICE.OF $0.48
2.ASIAN AFFAIRS JULY 3 /2025
SHANGHAI CLOSED UP 14.74 PTS OR 0.37%
HANG SENG CLOSED UP 295.01 PTS OR 1.28%
Nikkei CLOSED UP 1010.92 PTS OR 1.55%
//Australia’s all ordinaries CLOSED UP 0.26%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.7815
/ OFFSHORE CLOSED UP AT 6.7828 Oil UP TO 68.51 dollars per barrel for WTI and BRENT UP TO 71.70 Stocks in Europe OPENED ALL MIXED
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7815) OFFSHORE YUAN TRADING UP TO 6.7828 ONSHORE YUAN TRADING ABOVE LEVEL OF OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER/OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR 1813 CONTRACTS TO 368,898 STILL WELL ABOVE ITS NEW LOW OF 326,052 OI SET JUNE 3, CLOSE TO THE PREVIOUS ALL TIME LOW OF 345,705 SET (MAY 28) AND CLOSE TO THE PREVIOUS ALL TIME LOW IN OI OF 353,490 SET MAY 27.. 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 326,052 //JUNE 3 2026 WITH GOLD AT AN EXTREMELY HIGH $4,450.00 WHICH MAKES ABSOLUTELY NO SENSE!!!
WE HAD LITTLE T.A.S. LIQUIDATION DURING THURSDAY’S MASSIVE COMEX TRADING// ATTEMPTED RAID JUNE 30 IT SEEMS THAT MANY OF THE SPECULATORS THAT HAVE NOW CONTINUED AGAIN TO GO MASSIVELY ON THE SHORT SIDE WITH BANKERS ON THE LONG SIDE WILL BE OBLITERATED TODAY WHEN THE LONGS TENDERED FOR DELIVERY:
CENTRAL BANKS TENDERED THEIR NEW LONG CONTRACTS AT THE END OF THE DAY FOR PHYSICAL GOLD. YOU CAN VISUALIZE THIS WITH THE STRONG AMOUNT OF GOLD STANDING AT THE COMEX FOR THIS JULY CONTRACT MONTH!!
THE FAIR SIZED GAIN ON OUR TWO EXCHANGES (3013 CONTRACTS) OCCURRED WITH OUR GAIN IN PRICE IN GOLD (UP $44.05)
WE THUS HAD A FAIR SIZED GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 3013 CONTRACTS (OR 9.371 TONNES) WITH OUR STRONG GAIN IN PRICE, AS WE WERE INFORMED OF A FAIR CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE, EQUATING TO 1200 CONTRACTS.
THEN WE WERE NOTIFIED TODAY OF A 0 CONTRACT FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 0 OZ OR 0 TONNES OF GOLD. ON FRIDAY, BY FAR WE HAD THE HIGHEST EVER EXCHANGE FOR RISK EVER ISSUED AT ONE TIME BEATING THE PREVIOUS SINGLE HIGHEST ISSUE BY ONE TONNE. THUS MAY 22 RECORDS THE HIGHEST EVER EXCHANGE FOR RISK AT 12.4416 TONNES. WE HAD OUR FIRST ISSUANCE FOR EXCHANGE FOR RISK IN THE MONTH OF MAY ON MAY 7, THEN OUR 2ND ISSUANCE FOR OUR MAY GOLD MONTH ON MAY 12. THE THIRD ON MAY 18 , THEN MAY 21 OUR 4TH ISSUANCE AND THEN FINALLY FRIDAY, OUR 5TH ISSUANCE. THIS GOLD WILL BE ADDED TO OUR NORMAL MAY DELIVERIES TO GIVE US OUR FINAL AMOUNT OF GOLD WILLING TO STAND AT THE COMEX..
HISTORY OF EXCHANGE FOR RISK ISSUANCE THIS YEAR: FEBRUARY THROUGH JUNE
FEBRUARY:
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;: 2 EXCHANGE FOR RISK SO FAR, I.E. 2239 CONTRACTS FOR 223,900 OZ OR 6.964 TONNES AND THIS TOTAL TONNES WILL BE ADDED TO OUR NORMAL DELIVERY TO GIVE US WHAT WILL STAND IN APRIL
MAY: FIVE ISSUANCES SO FAR FOR 7920 CONTRACTS OR 792,000 OZ OR 24.635 TONNES.
JUNE: 0 IN GOLD. THUS FOR THE ENTIRE MONTH IN GOLD ZERO NOTICES WERE FILED.
JULY 0
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A LITTLE HISTORY OF EXCHANGE FOR RISK DECEMBER THROUGH TO JUNE:
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 146+ 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: 2 EXCHANGE FOR RISK SO FAR FOR 223,900 OZ OR 6.964 TONNES. AND THIS TOTAL WILL BE ADDED TO OUR NORMAL DELIVERY TO GIVE US WHAT WILL STAND FOR APRIL!!
MAY: FIVE ISSUANCES SO FAR FOR 7920 CONTRACTS, 792,000 OZ OR 24.635 TONNES OF GOLD. THIS TOTAL WILL BE ADDED TO OUR NORMAL DELIVERIES IN MAY TO GIVE US WHAT WILL STAND IN MAY.
JUNE: ZERO
JULY 0
DETAILS ON OUR NEW JUNE COMEX CONTRACT MONTH//
IN TOTAL WE HAD A FAIR GAIN ON OUR TWO EXCHANGES OF 3013 CONTRACTS WITH OUR GAIN IN PRICE($44.05). 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 THEIR 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/JULY 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 MUCH STRONGER SIZED T.A.S ISSUANCE CONTRACTS .THE CME NOTIFIES US THAT THEY HAVE ISSUED 1925 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
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. APRIL HAD 2 EXCHANGE FOR RISK ISSUANCES FOR 6.694 TONNES. AND NOW MAY WITH ITS 5TH ISSUANCE FOR 12.4436 TONNES///TOTAL EXCHANGE FOR RISK FOR MAY: 24.635 TONNES ISSUED MAY 6 ,MAY 12, MAY 18 MAY 21 AND NOW MAY 22..
JUNE: ZERO FOR THE MONTH
JULY: ZERO SO FAR
WE MUST ALSO REMEMBER THAT THE FRBNY IS SHORT 146+ TONNES OF GOLD, THIS COMMENCED ON JAN 2 2023 AS THEY REFUSE TO COVER DESPITE THE BIS’S PLEA TO DO SO.
HERE IS A SUMMARY OF GOLD STANDING FOR DELIVERY ON OUR LAST 12 MONTHS:
1.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.
DECEMBER: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY IN THIS ACTIVE MONTH IS 83.813 TONNES FOLLOWED BY TODAY’S 0.05 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!!
APRIL 2026: INITIAL STANDING FOR GOLD: 52.20 TONNES FOLLOWED BY TODAY’S SMALL 500 OZ QUEUE JUMP/ TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCES TOTALLING 223,900 OZ OR 6.964 TONNES//STANDING ADVANCES TO 77.726 TONNES WHICH IS ABSOLUTELY HUGE
MAY: INITIAL AMOUNT OF GOLD WILLING TO STAND: 12.24 TONNES OF GOLD TO WHICH WE ADD OUR NEXT HUGE QUEUE JUMP OF 34,500 OZ (1.073 TONNES) TO WHICH WE ADD OUR FIVE EXCHANGE FOR RISK ISSUANCE FOR 792,000 OZ OR 24.635 TONNES////NEW TOTALS STANDING FOR GOLD ADVANCES TO 51.554 TONNESS
JUNE: INITIAL AMOUNT OF GOLD WILLING TO STAND: 64.496 TONNES TO WHICH WE SUBTRACT AN EXCHANGE FOR PHYSICAL TRANSFER TO LONDON OF 0.0186 TONNES//NEW STANDING REDUCES TO 127.03 TONNES// TOTAL QUEUE JUMPING FOR THE MONTH FINALIZES AT 62.4217 TONNES OR AVERAGING 3.285 TONNES PER DAY IN JUNE.
JULY: INITIAL AMOUNT OF GOLD WILLING TO STAND: 749,300 OZ OR 23.306 TONNES OF GOLD TO WHICH WE ADD OUR NEXT QUEUE JUMP OF 2.0596 TONNES//NEW STANDING ADVANCES TO 26.650 TONNES
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 MONTHS 2021-2024
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:STANDING FOR GOLD/COMEX
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING BEGINNING JULY,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $44.05)
WE HAD LITTLE T.A.S. SPREADER LIQUIDATION THURSDAY // COMEX SESSION// WITH OUR STRONG GAIN IN PRICE , OUR SPECULATORS STILL WENT MASSIVELY TO THE SHORT SIDE LED BY THE NOSE BY OUR HIGH FREQUENCY MOMENTUM PLAYERS WITH CENTRAL BANKERS TAKING THE LONG SIDE.
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
THURSDAY NIGHT//FRIDAY 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 THURSDAY EVENING //FRIDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $41.95
WE HAD XXXX CONTRACTS ADDED AT THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES: 3013 CONTRACTS OR 301,300 OZ (9.371 TONNES)
Total monthly oz gold served (contracts) so far this month
8741 notices 874,100 OZ
27.188 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: X
0 ENTRY
DEPOSITS/CUSTOMER
ENTRIES: X
xxxxxxxxxxxxxxxxxx
comex withdrawal
X ENTRIES
adjustments: 0//
COMEX IS DRAINING GOLD
chaos inside the comex
THE FRONT MONTH OF JULY OI STANDS AT 2561 CONTRACTS HAVING A LOSS OF 923 CONTRACTS. WE HAD 656 NOTICES FILED ON THURSDAY SO WE GAINED 267 CONTRACTS OR 26,700 OZ(0.8304 TONNES). WE THUS HAD A QUEUE JUMP WHERE A MAJOR CENTRAL BANK WILL TAKE IMMEDIATE DELIVERY OF GOLD ON A T PLUS ONE BASIS OVER ON THIS SIDE OF THE POND..
AUGUST LOST 224 CONTRACTS TO AN OI OF 274,410
SEPTEMBER GAINED 6 CONTRACTS UP TO AN OI OF 1612.
.
We had 205 contracts filed for today representing 20,500 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 205 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 160 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JULY. /2026. contract month, we take the total number of notices filed so far for the month (8,741) to which we add the difference between the open interest for the front month of JULY (299 CONTRACTS) minus the number of notices served upon today 205 x 100 oz per contract) equals 888,350 OZ OR (27.480 Tonnes of gold)
THUS: INITIAL total number of gold ounces standing for JULY. /2026. contract month, we take the total number of notices filed so far for the month (8,741) to which we add the difference between the open interest for the front month of JULY( XXX CONTRACTS) minus the number of notices served upon today 205 x 100 oz per contract) equals 888,350 OZ OR (27.480 Tonnes of gold)
new total of gold standing in JULY becomes 26.650 TONNES//
TOTAL COMEX GOLD STANDING FOR JULY 27.480TONNES TONNES WHICH IS NOW REALLY HUGE FOR THIS NON ACTIVE DELIVERY MONTH OF JULY.
confirmed volume THURSDAY confirmed 167,595/ FAIR// many have left the arena
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: 1,882,101.381 oz 58.541 tonnes pledged gold lowers
total inventories in gold declining rapidly
total pledged gold: 1,882,101.381 tonnes oz 58.541 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 27,460,952.557 oz
TOTAL REGISTERED GOLD 14,826,009.194 tonnes (461.15tonnes)
TOTAL OF ALL ELIGIBLE GOLD 12,634,943.363 oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 12,943,908 oz ((REG GOLD- PLEDGED GOLD)=
402.609 Tonnes //
total inventories in gold declining rapidly
SILVER COMEX
JULY DELIVERY MONTH
JULY 3
COMEX INVENTORY MOVEMENTS NOT AVAILABLE TODAY
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
0 entries
Deposits to the Dealer Inventory
0 entries
Deposits to the Customer Inventory
X entries
No of oz served today (contracts)
10 CONTRACT(S) ( 0.050 MILLION OZ)
No of oz to be served (notices)
1961 Contracts (9.805 MILLION oz)
Total monthly oz silver served (contracts)
5186 contracts 25.930 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
ENTRY:2
2 entries
i) Into Loomis: 600,875.730 oz ii) Into Manfra: 23,867.675 oz
total deposit: 624,744.365 oz
xxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: customer side/eligible
0 entries
adjustments 1; DEALER ACCT TO CUSTOMER ACCT
a) Asahi: 133,753,200 oz
xxxxxxxxxxxxxx
TOTAL REGISTERED SILVER: 92.876 MILLION OZ//.TOTAL REG + ELIGIBLE. 323.161 Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JUNE
silver open interest data:
FRONT MONTH OF JULY /2026 OI: 1971 OPEN INTEREST CONTRACTS FOR A LOSS OF 48 CONTRACTS. WE HAD 100 CONTRACTS SERVED ON THURSDAY SO WE GAINED 52 CONTRACTS OR A HUGE 0.260 MILLION OZ UNDERWENT A QUEUE JUMP WHERE THEY WILL TAKE DELIVERY ON THIS SIDE OF THE POND.
AUGUST SAW A LOSS OF 2 CONTRACTS UP TO 1946…
SEPTEMBER SAW A GAIN OF 92 CONTRACTS DOWN TO AN OI OF 83,084 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 10 or 0.050 MILLION oz
CONFIRMED volume THURSDAY; 53,357// poor//
XXX
AND NOW JULY. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in JULY. we take the total number of notices filed for the month so far at 5186 X5,000 oz = 25.980 MILLION oz
to which we add the difference between the open interest for the front month of JULY(1971) AND the number of notices served upon today (10 )x (5000 oz)
Thus the standings for silver for the JULY 2026 contract month: (5186 )Notices served so far) x 5000 oz + OI for the front month of JULY ( 1971) minus number of notices served upon today (10)x 5000 oz equals silver standing for the JULY..contract month equating to 35.735 MILLION OZ. (still a very strong delivery month)
We must also keep in mind that there is considerable silver standing in London coming from our longs
There are ONLY 92.976 million oz of registered silver
JPMorgan as a percentage of total silver: 137.898/323.161 million: 42.71%
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price on that day at $18.42.
The previous record was 224,540 contracts with the price at that time of $20.44.
BOTH GLD AND SLV ARE MASSIVE FRAUD
JULY 3 /2026/WITH GOLD UP $62.95 /NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1005.077 TONNES
JULY 2 /2026/WITH GOLD UP $44,05 /NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1005.077 TONNES
JULY 1 /2026/WITH GOLD UP $42.95 /NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1005.077 TONNES
JUNE 30 /2026/WITH GOLD UP $2.85 /NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1005.077 TONNES
JUNE 29 /2026/WITH GOLD DOWN $58.30 /HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE WITHDRAWAL OF 8.223 TONNES OF GOLD FROM THE GLD // ./ //:/INVENTORY RESTS AT 1005.077 TONNES
JUNE 26 /2026/WITH GOLD UP $49.10 /HUGE CHANGES IN GOLD AT THE GLD: A MASSIVE WITHDRAWAL OF 4.287 TONNES OF GOLD FROM THE GLD // ./ //:/INVENTORY RESTS AT 1013.350 TONNES
JUNE 25 /2026/WITH GOLD UP $42.70 /NO CHANGES IN GOLD AT THE GLD: // ./ //:/INVENTORY RESTS AT 1017.637 TONNES
JUNE 24 /2026/WITH GOLD DOWN $141.55 /HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.563 TONNES OF GOLD OUT OF THE GLD/./ //// ./ //:/INVENTORY RESTS AT 1017.637 TONNES
JUNE 19 /2026/WITH GOLD UP $36.85 /HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 7.421 TONNES OF GOLD INTO THE GLD/./ //// ./ //:/INVENTORY RESTS AT 1020.49 TONNES
JUNE 18 /2026/WITH GOLD DOWN $135.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 0.856 TONNES OF GOLD INTO THE GLD/./ //// ./ //:/INVENTORY RESTS AT 1013.069 TONNES
JUNE 17 /2026/WITH GOLD UP $20.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.427 TONNES OF GOLD FROM THE GLD/./ //// ./ //:/INVENTORY RESTS AT 1012.213 TONNES
JUNE 16 /2026/WITH GOLD UP $4.45 TODAY/NO CHANGES IN GOLD AT THE GLD: //// ./ //:/INVENTORY RESTS AT 1013.640 TONNES
JUNE 15 /2026/WITH GOLD UP $111.10 TODAY/NO CHANGES IN GOLD AT THE GLD: //// ./ //:/INVENTORY RESTS AT 1013.640 TONNES
JUNE 12 /2026/WITH GOLD UP $123.30 TODAY/NO CHANGES IN GOLD AT THE GLD: //// ./ //:/INVENTORY RESTS AT 1013.640 TONNES
JUNE 11 /2026/WITH GOLD DOWN $15.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.855 TONNES OF GOLD FROM THE GLD//// ./ //:/INVENTORY RESTS AT 1013.640 TONNES
JUNE 10 /2026/WITH GOLD DOWN $153.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.426 TONNES OF GOLD FROM THE GLD//// ./ //:/INVENTORY RESTS AT 1016.495 TONNES
JUNE 9 /2026/WITH GOLD DOWN $75.60 TODAY/NO CHANGES IN GOLD AT THE GLD:// ./ //:/INVENTORY RESTS AT 1019.921 TONNES
JUNE 8 /2026/WITH GOLD DOWN $3.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A MASSIVE WITHDRAWAL OF 6.936 TONNES OF GOLD FROM THE GLD// ./ //:/INVENTORY RESTS AT 1019.921 TONNES
JUNE 5 /2026/WITH GOLD DOWN $134;85 TODAY/NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1026.857 TONNES
JUNE 4 /2026/WITH GOLD UP $39.25 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.143 TONNES OF GOLD FROM THE GLD// ./ //:/INVENTORY RESTS AT 1026.857 TONNES
JUNE 3 /2026/WITH GOLD DOWN $51.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 0.856 TONNES OF GOLD FROM THE GLD// ./ //:/INVENTORY RESTS AT 1028.000 TONNES
JUNE 2 /2026/WITH GOLD UP $7.45 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.712 TONNES OF GOLD FROM THE GLD// ./ //:/INVENTORY RESTS AT 1028.856 TONNES
JUNE 1 /2026/WITH GOLD DOWN $79.30 TODAY/NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1032.568 TONNES
MAY 29 /2026/WITH GOLD UP $59.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.285 TONNES OF GOLD FROM THE GLD ./ //:/INVENTORY RESTS AT 1032.568 TONNES
MAY 28 /2026/WITH GOLD UP $52.00 TODAY/NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1034.853 TONNES
MAY 27 /2026/WITH GOLD DOWN $51.00 TODAY/NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1034.853 TONNES
MAY 26 /2026/WITH GOLD DOWN $25.45 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 1.9988 TONNES OUT OF THE GLD ./ //:/INVENTORY RESTS AT 1034.853 TONNES
MAY 22 /2026/WITH GOLD DOWN $13.45 TODAY/NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1036.851 TONNES
MAY 21 /2026/WITH GOLD UP $7.60 TODAY/NO CHANGES IN GOLD AT THE GLD: ./ //:/INVENTORY RESTS AT 1036.851 TONNES
GLD INVENTORY: 1005.077 TONNES, TONIGHTS TOTAL GOLD INVENTORY
SILVER
JULY 3 WITH SILVER UP $1.81: :SMALL CHANGES IN INVENTORY AT THE SLV A DEPOSIT OF 940,000 OZ INTO THE SLV.// :INVENTORY RESTS AT 479.360 MILLION OZ
JULY 2 WITH SILVER UP $0.58: : NO CHANGES IN INVENTORY AT THE SLV// :INVENTORY RESTS AT 479.360 MILLION OZ
JULY 1 WITH SILVER UP $0.48: : SMALL CHANGES IN INVENTORY AT THE SLV A DEPOSIT OF 0.233 MILLION OZ OUT OF THE SLV/./ // :INVENTORY RESTS AT 479.360 MILLION OZ
JUNE 30 WITH SILVER UP $1.35: : HUGE CHANGES IN INVENTORY AT THE SLV A WITHDRAWAL OF 1.447 MILLION OZ OUT OF THE SLV/./ // :INVENTORY RESTS AT 479.127 MILLION OZ
JUNE 29 WITH SILVER DOWN $1.08: : HUGE CHANGES IN INVENTORY AT THJE SLV A WITHDRAWAL OF 1.402 MILLION OZ OUT OF THE SLV/./ // :INVENTORY RESTS AT 480.574 MILLION OZ
JUNE 26 WITH SILVER UP $0.86: : HUGE CHANGES IN INVENTORY AT THJE SLV A DEPOSIT OF 2.352 MILLION OZ INTO THE SLV/./ // :INVENTORY RESTS AT 481.976 MILLION OZ
JUNE 25 WITH SILVER UP $0.69: : SMALL CHANGES IN INVENTORY AT THJE SLV A WITHDRAWAL OF 769,000 OUT OF THE SLV/./ // :INVENTORY RESTS AT 479.624 MILLION OZ
JUNE 24 WITH SILVER DOWN $4.18: : SMALL CHANGES IN INVENTORY AT THJE SLV A DEPOSIT OF 93,000 MILLION OZ INTO THE SLV/./ // :INVENTORY RESTS AT 480.393 MILLION OZ
JUNE 19 WITH SILVER UP $1.11: : NO CHANGES IN INVENTORY AT THJE SLV/./ // :INVENTORY RESTS AT 480.302 MILLION OZ
JUNE 18 WITH SILVER DOWN $4.80: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: HUGE CHANGES IN INVENTORY A WITHDRAWAL OF 1.086 MILLION OZ FROM THE SLV././ // :INVENTORY RESTS AT 480.302 MILLION OZ
JUNE 17 WITH SILVER UP $0.79: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: NO CHANGE IN INVENTORY AT THE SLV /./ // :INVENTORY RESTS AT 481.388 MILLION OZ
JUNE 16 WITH SILVER DOWN $0.13: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.362 MILLION OZ INTO THE SLV /./ // :INVENTORY RESTS AT 481.388 MILLION OZ
JUNE 15 WITH SILVER UP $3.25: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.357 MILLION OZ OUT THE SLV /./ // :INVENTORY RESTS AT 481.026 MILLION OZ
JUNE 12 WITH SILVER UP $3.34: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.769 MILLION OZ OUT THE SLV /./ // :INVENTORY RESTS AT 482.383 MILLION OZ
JUNE 11 WITH SILVER DOWN $0.12: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.226 MILLION OZ OUT THE SLV /./ // :INVENTORY RESTS AT 483.152 MILLION OZ
JUNE 10 WITH SILVER DOWN $0.50: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.909 MILLION OZ OUT THE SLV /./ // :INVENTORY RESTS AT 483.378 MILLION OZ
JUNE 9 WITH SILVER DOWN $3.35: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.407 MILLION OZ INTO INTO THE SLV /./ // :INVENTORY RESTS AT 484.287 MILLION OZ
JUNE 8 WITH SILVER DOWN $0.52: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 543,000 OZ FROM THE SLV /./ // :INVENTORY RESTS AT 482.880 MILLION OZ
JUNE 5 WITH SILVER DOWN $4.86: NO CHANGES IN SILVER INVENTORY AT THE SLV /./ // :INVENTORY RESTS AT 483.423 MILLION OZ
JUNE 4 WITH SILVER UP $0.52: HUGE CHANGES IN SILVER INVENTORY AT THE SLV >> A WITHDRAWAL OF 1.432 MILLION OZ FROM THE SLV/./ // :INVENTORY RESTS AT 483.423 MILLION OZ
JUNE 3 WITH SILVER DOWN $2.55: NO CHANGES IN SILVER INVENTORY AT THE SLV >> /./ // :INVENTORY RESTS AT 483.423 MILLION OZ
JUNE 2 WITH SILVER UP $0.25: HUGE CHANGES IN SILVER INVENTORY AT THE SLV >> A WITHDRAWAL OF 1.2222 MILLION OZ FROM THE SLV/./ // :INVENTORY RESTS AT 484.855 MILLION OZ
JUNE 1 WITH SILVER DOWN $0.52: HUGE CHANGES IN SILVER INVENTORY AT THE SLVA WITHDRAWAL OF 1.9 MILLION OZ FORM THE SLV/./ // :INVENTORY RESTS AT 486.077 MILLION OZ
MAY 29 WITH SILVER DOWN $0.03: NO CHANGES IN SILVER INVENTORY AT THE SLV/ // :INVENTORY RESTS AT 487.977 MILLION OZ
MAY 28 WITH SILVER UP $1.02: NO CHANGES IN SILVER INVENTORY AT THE SLV/ // :INVENTORY RESTS AT 487.977 MILLION OZ
MAY 27 WITH SILVER DOWN $1.61: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.176 MILLION OZ OUT OF THE SLV/ // :INVENTORY RESTS AT 487.977 MILLION OZ
MAY 26 WITH SILVER DOWN $0.14: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.131 OF 0.315 MILLION OZ INTO THE SLV/ // :INVENTORY RESTS AT 489.153 MILLION OZ
MAY 22 WITH SILVER DOWN $0.26: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.315 MILLION OZ FROM THE SLV/ // :INVENTORY RESTS AT 488.022 MILLION OZ
MAY 21 WITH SILVER UP $0.64: NO CHANGES IN SILVER INVENTORY AT THE SLV:/ // :INVENTORY RESTS AT 488.338 MILLION OZ
CLOSING INVENTORY 479.360 MILLION OZ OF SILVER
GOLD COMMENTARIES:
1.PETER SCHIFF
2. MATHEW PIEPENBERG/EGON VON GREYERZ
ALASDAIR MACLEOD.\
3. CHRIS POWELL AND HIS GATA DISPATCHES
Trump allies double down on efforts to reshape the Fed
Submitted by admin on Thu, 2026-07-02 21:30 Section: Daily Dispatches
By Saleha Mohsin and Joshua Green Bloomberg News Thursday, July 2, 2028
President Donald Trump and his allies are renewing a push to reshape the Federal Reserve after the Supreme Court this week blocked an effort to fire Governor Lisa Cook.
Top officials and outside allies are actively exploring ways to remove members of the Fed’s Board of Governors in Washington to clear the way for more of the president’s own picks, according to people familiar with the matter. Cook remains a target after the high court allowed her to stay in her job for now, as does former Chair Jerome Powell, said the people, who spoke on the condition of anonymity.
Although the Supreme Court’s ruling reinforced the Fed’s independence from the executive branch, some Fed watchers noted the narrowness of the decision and cautioned it doesn’t completely shield the central bank from future political attacks. Undeterred, Trump allies see the decision as providing a procedural roadmap for how to successfully push Cook out, and are redoubling their efforts to do so, according to people familiar with the matter.
Trump told CNBC on Thursday that the court’s ruling was based on procedure, not merit, and his administration would begin a process to remove her from the central bank.
“We’ll start the process and we’ll do perfect process and perfect procedure,” he said. …
As the United States prepares to commemorate its 250th anniversary, Americans will celebrate the nation’s founding with pageantry, parades, pomp and patriotism.
Loving one’s country of birth and taking pride in its independence-inspired origins, praiseworthy accomplishments, and laudable legacy are a natural inclination and respectable trait.
Similar celebration and reverence shouldn’t apply to the dollar, the nation’s debased and debauched fiat currency. Even though Federal Reserve Notes feature portraits of prominent American patriots and U.S. presidents, including George Washington and Thomas Jefferson, the founding fathers weren’t fond of unkept paper promises and currency not redeemable for silver or gold. …
4. ANDREW MAGUIRE/LIVE FROM THE VAULT; 279 AND 278
China Pulls Gold Revaluation Trigger
by Kinesis Money
Thursday, Jul 02, 2026 – 11:19
In this week’s Live from the Vault, Andrew Maguire reveals how China is clearing the path to take control of global gold price setting, as the PBOC drains Western gold reserves and builds the infrastructure to challenge London and New York’s pricing grip.
With central banks racing to repatriate their gold, June imports into China set to break all records, the London whistleblower outlines why he believes a US Treasury gold revaluation is no longer a distant possibility – but an approaching reality.
MUST VIEW
China takes control of gold pricing this month, Maguire tells LFTV
Submitted by admin on Thu, 2026-07-02 14:59 Section: Daily Dispatches
3:02p ET Thursday, July 2, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire today tells Kinesis Money’s “Live from the Vault” program that “central bank gold wars have spilled into the daylight” and events in China suggest that an upheaval in the gold market is targeted for July 24.
“The Fed’s 60-year gold short is running out of road,” with central bank repatriations of gold putting impossible pressure on the Fed, since adequate real metal isn’t available, Maguire says.
The recent pounding of derivative gold prices in London and New York by the Fed was meant to produce the “death cross” on gold charts, Maguire says, but has been construed by central banks not as a sell signal but as a buy signal.
China, Maguire says, has been taking three to five tonnes of metal out of London and New York every day and now has the infrastructure in place to take control of gold pricing away from London and New York. As a result, he adds, the Chinese yuan, heavily anchored by gold, will challenge the dollar as a reserve currency.
The program is 42 minutes long and can be viewed at the Kinesis Money channel at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
Maguire and Hemke say gold ‘correction’ is over and expect revaluation
Submitted by admin on Mon, 2026-06-22 11:56 Section: Daily Dispatches
11:56a ET Monday, June 22, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire and the TF Metals Report’s Craig Hemke, in conversation on this week’s edition of Kinesis Money’s “Live from the Vault” program, agree that gold’s “correction” is over and speculate how a U.S. Treasury revaluation of the monetary metal to a much higher price may come about soon.
The program is 57 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
END
GOLD/REPATRIATION OF GOLD//ARTIFICIAL INTELLIGENCE:
(HARVEY: PLEASE NOTE THE GOLD OF INDIA//REPATRIATION FROM THE BIS. THIS IS THE 164 TONNES OF GOLD THAT THE FRBNY BORROWED FROM THE BIS ):
CAN YOU LIST THE CENTRAL BANKS THAT HAVE ASKED FOR THE GOLD REPATRIATED THIS YEAR: FRANCE RECEIVED WHAT TONNAGE FROM THE FRBNY?
France did repatriate gold from the FRBNY; its recent operation involved the New York Fed (US)//AROUND 129 TONNES
investing.com
France’s Recent Gold Move
Between July 2025 and January 2026, the Banque de France completed an operation involving ~129 tonnes of gold previously held at the Federal Reserve Bank of New York (about 5% of France’s total ~2,437-tonne reserves). investing.com
This was not a traditional physical shipment of bars. Instead, the central bank sold older/non-standard gold bars in New York (at record-high prices) and repurchased equivalent modern London Good Delivery bars for storage in Paris. This generated a capital gain of ~€12.8 billion (~$14–15 billion) while keeping total reserves unchanged. @shanaka86
As a result, all of France’s gold reserves are now stored domestically in Paris. This completed a longer-term process (with major moves from the US/UK in the 1960s under de Gaulle). en.wikipedia.org
Broader Context on Central Bank Gold Repatriation in 2025–2026There is no comprehensive public list of specific central banks that formally “asked for” gold repatriation in 2026, as many moves are discreet, involve quality upgrades/swaps rather than physical transfers, or are part of ongoing diversification. Surveys (e.g., World Gold Council 2026) indicate a clear trend:
worldpoliticsreview.com
19% of surveyed central banks (up from 7% the prior year) increased domestic storage or diversified overseas locations in the past 12 months. worldpoliticsreview.com
More plan further increases in domestic holdings. BoE remains a popular foreign vault, but usage is declining in favor of home storage or alternatives like the BIS. reuters.com
Notable recent/ongoing examples (not exhaustive, and some pre-2026):
France: 129 tonnes equivalent from New York Fed (as above).
India (Reserve Bank of India): Ongoing repatriation from the BoE and BIS. This included significant tranches in recent years (e.g., ~100 tonnes announced around 2024, with more in 2025–26 periods, bringing a large majority home). worldpoliticsreview.com
Others (earlier or calls for action): Germany (major program completed ~2017; renewed calls in 2026 for remaining NY Fed holdings but no confirmed new large moves), Netherlands, Poland, Turkey, and various emerging-market banks showing interest in domestic storage amid geopolitical risks. investingnews.com
Central banks overall are buying gold at elevated rates (~750–1,000 tonnes/year expected) and prioritizing control/accessibility due to geopolitical tensions, sanctions risks, and reduced trust in foreign custodians.
cnbc.comFor the most up-to-date specifics, check official central bank reports or the World Gold Council’s annual survey, as details on individual repatriations are often not fully disclosed in real time.
XXXXXXXXXXXXXXX
India has 880 tonnes of offical gold of which 677 tonnes is held in India and 203 tonnes outside. India states
that this 203 tonnes is held in two facilities
a) Bank of England
b) BIS
no doubt that the gold on deposit at the BIS was used as a part or all of the official loan to the FRBNY of 164 tonnes.
For most of the past year, investors have overwhelmingly preferred AI over almost everything else. Silver was one of the forgotten trades. But as semiconductor leadership begins to wobble and capital searches for new opportunities, the metal is quietly building one of its most interesting setups in months. Technicals, positioning and market structure are beginning to point in the same direction.
Silver
Silver is trapped between a major long-term uptrend and the steep downtrend that has defined price action since the May highs. The key level to watch is $64. A decisive close above that would break the downtrend, reclaim the 21-day moving average, and could open the door to a much larger squeeze.
Source: LSEG Workspace
Short term perfection
Silver has traded inside a perfect trend channel since the May highs. Watch the coming sessions closely following the latest bounce.
Source: LSEG Workspace
Refusing
Silver speculators continue to shun the metal. Notably, while gold’s net non-commercial positioning has started to recover, interest in silver remains virtually nonexistent.
Source: LSEG Workspace
Source: LSEG Workspace
Dollar is key
Silver has closely tracked the inverse of the DXY since late last year, highlighting the dollar’s dominant influence on price action.
Source: LSEG Workspace
Silver and SOX
One increasingly interesting question is whether the AI trade has simply become too dominant. Has SOX been sucking capital away from virtually every other risk asset?
Silver began rallying almost exactly as SOX rolled over. Gold, Bitcoin and several other neglected trades have shown similar behaviour. It may be coincidence, but it may also be the first sign that capital is starting to rotate rather than simply leave the market.
Source: LSEG Workspace
Convexity
CTA upside convexity could become increasingly supportive if silver breaks above key resistance.
Source: GS
Silver vol
Silver implied volatility remains elevated on a longer-term basis, but it has reset sharply from the panic upside-vol spike. Although volatility isn’t exactly cheap, we still prefer expressing any bullish view via call spreads rather than outright delta, given the more attractive risk-reward profile.
Source: LSEG Workspace
None of these signals guarantee a breakout. But improving technicals, depressed positioning, potential cross-asset rotation and supportive CTA dynamics are increasingly aligning. A break above $64 could be the catalyst that finally forces investors to pay attention again.
END
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
SHANGHAI CLOSED UP 14.74 PTS OR 0.37%
HANG SENG CLOSED UP 295.01 PTS OR 1.28%
Nikkei CLOSED UP 1012.00 PTS OR 1.55%
//Australia’s all ordinaries CLOSED UP 0.26%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.7815
/ OFFSHORE CLOSED UP AT 6.7828 Oil UP TO 68.51 dollars per barrel for WTI and BRENT UP TO 71.70 Stocks in Europe OPENED ALL MIXED
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7815) OFFSHORE YUAN TRADING UP TO 6.7828 ONSHORE YUAN TRADING ABOVE LEVEL OF OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER/OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP AT 6.7815
OFFSHORE YUAN: UP TO 6.7828
1.HANG SANG CLOSED UP 295.01 PTS OR 1.28%
2. Nikkei closed UP 1012.00 PTS OR 1.55%
WEST TEXAS INTERMEDIATE OIL UP TO 68.51
BRENT; 71.70
3. Europe stocks SO FAR: ALL MIXED
USA dollar INDEX UP TO 100.50/// EURO RISES TO 1.1455 UP 32 BASIS PTS
3b Japan 10 YR bond yield:RISES TO. +2.786 UP 1 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA CROSS NOW AT 161,07… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE ENDING OF THE YEN CARRY TRADE AGAIN AND THE REPATRIATION OF YEN DENOMINATED BONDS TRADING IN THE USA/EUROPE. JAPAN 30 YR BOND YIELD: 4.025 DOWN 1 FULL BASIS PTS
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP( 6.7815) AND OFFSHORE: UP AT 6.7828
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and BRENT UP this morning
3h European bond buying continues to push yields LOWER on all fronts in the EU German 10yr bund YIELD DOWN TO +2.92726/ Italian 10 Yr bond yield DOWN to 3.718/ SPAIN 10 YR BOND YIELD DOWN TO 3.419%
3i Greek 10 year bond yield DOWN TO 3.604%
3j Gold at $4085.60 //Silver at: 62.36 1 am est) SILVER NEXT RESISTANCE LEVEL AT $100.00
3k USA vs Russian rouble;// Russian rouble UP 0 AND 19/ 100 roubles/77.311
3m oil (WTI) into the 68 dollar handle for WTI and 71 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 161.07 // 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.786% UP 1 BASIS PTS STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE NOW UNWINDING//YEN BOND TRADING OVERSEAS REPATRIATED.//JAPAN 30 YR: 4.025 DOWN 1 PTS..: USA/SF this 0.8026 as the Swiss Franc . Euro vs SF: 0.9193
USA 10 YR BOND YIELD: 4.478 UP 0 BASIS PTS…
USA 30 YR BOND YIELD: 4.985 UP 1 BASIS PTS/
USA 2 YR BOND YIELD: 4.137 UP 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 46.81 UP 11 BASIS PTS/LIRA GETTING KILLED//IDIOTS FOR SELLING GOLD AND USA DOLLAR RESERVES.
10 YR UK BOND YIELD: 4.8021 UP 1 PTS
30 YR UK BOND YIELD: 5.536 UP 1 BASIS PTS
10 YR CANADA BOND YIELD: 3.445 UP 0 BASIS PTS
5 YR CANADA BOND YIELD: 3.056 DOWN 1 BASIS PTS.
1a New York Opening report
Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump
Friday, Jul 03, 2026 – 09:54 AM
While US cash markets are closed for the July 4th holiday, stocks around the world rebounded from yesterday’s momentum rout as the latest round of jitters about the AI trade subsided, with Europe’s benchmark rising to an all-time high. S&P futures rose 0.3% and Nasdaq 100 futures rebounded 1.2% in thin holiday trading after South Korean memory giants SK Hynix and Samsung Electronics recovered, helping to drive a 2% rally in Asian shares after earlier tumbling with SK Hynix plunging as much as 30% from its all time high. Europe’s utility and technology sectors outperformed to set the Stoxx 600 up for a second straight record close. The dollar touched a two-week low amid another mjni flash crash in the USDJPY overnight while gold extended gains.
Friday’s gains marked the latest turn in a stretch of choppy trading as markets grapple with whether the second quarter’s AI-driven rally has gone too far. With stocks recovering after a two-day rout in chipmakers, investors are waiting for the upcoming earnings season as the next signal of whether massive spending on AI infrastructure can translate into profits.
“The fundamentals are still very, very strong and the market is still underpricing them,” Tim Moe, Goldman equity strategist told Bloomberg TV. “There still is a lot longer to go in the overall positive profit environment for memory stocks and the AI hardware supply chain space overall.”
With momentum crashing, its funding counterparties in the momentum pair trades, bitcoin and gold, jumped. Gold rose 1.2% to around $4,170 an ounce, the highest level in nearly two weeks, after money markets dialed back expectations for Federal Reserve interest rate hikes this year. Bitcoin also moved sharply higher, reversing from its recent rout and rising above $62. Having previously dislocated dramatically, gold and bitcoin are back to trading as the same asset class.
The outlook for easier monetary policy also weighed on the dollar, which headed for its worst weekly performance since May. Meanwhile, the yen swung between gains and losses as speculation grew that Japanese authorities may be less predictable in how they intervene to support the currency.
Worries that persistent inflation pressures would leave the Fed little choice but to tighten policy have subsided in recent days, with oil prices easing and an unexpectedly sharp slowdown in US labor market growth. The first fully priced-in quarter-point Fed hike has moved back to December, from October.
“Unless and until we see clearer signs that the energy spike has filtered its way through to underlying inflation, we think that the Fed will opt for a cautious approach to policy tightening,” noted Matthew Ryan, head of market strategy at Ebury.
European stocks were little changed in early Friday trading, but still set to wrap up their fourth straight week of gains, as investors remained optimistic that the Federal Reserve will hold off on rate hikes for now.The Stoxx 600 traded little changed at to 648.41, with utilities outperforming while consumer and personal good firms underperform. Here are the biggest movers Friday:
Genfit shares jump as much as 15%, with the French biopharmaceutical company saying it’s set to benefit from US Medicare coverage for a diagnostic blood test for liver disease, known as NASHnext, which is powered by Genfit’s technology
Pluxee gains as much as 8.6%, to the highest in almost two months, after the employee benefits provider delivered a slight beat in the third quarter and maintained its full-year guidance
MIPS gains as much as 19%, the most in nearly two years, after the Swedish helmet technology firm announced it settled a patent infringement lawsuit initiated by BrainGuard. Pareto Securities says the news removes a key overhang
AFRY gains as much as 6.4%, the most since April, after the Swedish engineering consultancy’s recommendation was raised to buy from hold at Pareto Securities, expecting its upcoming second-quarter report to “mark a turn in AFRY’s earnings trajectory”
Maersk gains as much as 4.6% after being raised to neutral from sell at Goldman Sachs, with the bank turning “less negative” on the 2027 supply-demand outlook, seeing a “slightly later and shallower acceleration in new capacity growth in 2027”
Craneware shares tumble as much as 31%, the most in seven years, after the software company warned that FY26 financial performance is likely to be below market expectations
Stellantis shares fall as much as 1.7% after the carmaker was downgraded to reduce at HSBC, which says it’s concerned about cash outflows and the potential need for de-stocking
Asian stocks rose at the end of a volatile week as shares of heavyweight South Korean semiconductor makers bounced back following a two-day slide. The MSCI Asia Pacific Index rallied as much as 2.2%, erasing early losses. Samsung, SK Hynix and Japan’s Kioxia each jumped more than 8%. Anthropic is in talks with Samsung to be a manufacturing partner for a custom AI chip, according to a report. However, TSMC’s shares slipped, tracking declines in US chip stocks. Friday’s rebound in Asia was also aided by improved risk sentiment after weaker than expected US June employment data and lower oil prices challenged expectations for Federal Reserve rate hikes this year. The MXAP index lost 1.4% in the previous session, when chipmakers plunged on concerns over excess AI capacity and intensifying competition. It is up 1.5% for the week. This week’s price action has served as another reminder that the fortunes of Asia’s benchmark remain closely tied to a handful of tech names. The two Korean chipmakers and Kioxia carry a combined more than 12% weighting in the regional gauge. TSMC alone holds close to 11% — the most for a single stock.
“We’re looking much more forward now in terms of expectations, in terms of growth, what 2027 will look like,” said Billy Leung, investment strategist at Global X Management, in a Bloomberg TV interview. “The AI trade’s really got breadth now,” with infrastructure and energy supply names also offering opportunities beyond memory chips, he added.
Looking ahead, Samsung is expected to announce its preliminary quarterly earnings on July 7 while SK Hynix will list ADRs on the Nasdaq next Friday. Traders will be watching for monetary policy decisions from New Zealand and Malaysia’s central banks next week. Several other companies in the region are due to report earnings, including Fast Retailing, Seven & i and Tata Consultancy Services.
Brent steadied below $72 a barrel as traders weighed the outlook for increased supply through the Strait of Hormuz and continuing talks between the US and Iran.
Meanwhile, nervousness about AI valuations has seen investors turning away from US stocks at the fastest pace since March, according to Bank of America Corp. strategists. The country’s stock funds had $17.2 billion in outflows in the week through July 1, the team led by Michael Hartnett wrote in a note, citing EPFR Global Data. Investors turned to some international stocks instead, with Japanese equities seeing their biggest inflows in seven weeks at $1.9 billion.
Market Wrap
S&P 500 futures rose 0.3% as of 9:26 a.m. New York time
Nasdaq 100 futures rose 1.2%
Futures on the Dow Jones Industrial Average fell 0.2%
The Stoxx Europe 600 rose 0.5%
The MSCI World Index rose 0.2%
The Bloomberg Dollar Spot Index was little changed
The euro rose 0.1% to $1.1444
The British pound was little changed at $1.3354
The Japanese yen was little changed at 161.22 per dollar
Bitcoin rose 0.7% to $61,973.66
Ether rose 2.1% to $1,739.81
Germany’s 10-year yield advanced three basis points to 2.93%
Britain’s 10-year yield advanced two basis points to 4.80%
West Texas Intermediate crude was little changed
Spot gold rose 1.2% to $4,170.41 an ounce
DB’s Jim Reid concludes the overnight wrap
Happy Independence Day to our US readers as they celebrate 250 years of AMEXIT. A reminder of our piece on the US quarter millennium success story and the prospects of that continuing in the decades ahead can be found at the Deutsche Bank Research Institute here. As we reach the end of the week, the biggest dilemma facing those of us in England is whether to stay up—or get up—for a 1am kick-off against Mexico in their home stadium on Monday morning. Given the game is being played at 2,240 metres above sea level, where there’s around 23% less air than we’re used to breathing on English football grounds, it’s fair to say expectations are being kept at a sensible altitude.
I learned yesterday that the human body tends to perform worst between two and five days after arriving at high altitude. Apparently, the optimal strategies are either to fly in just before the event or about two weeks beforehand. The latter was clearly impossible, but do bear it in mind for your next ski trip.
Some pubs are reportedly opening at 1am on Monday morning for the occasion. The last time I was in a pub at 1am on a Monday, some members of my team had yet to be born. I’m not expecting to break that streak. If anything, it’ll be a cup of hot chocolate on the sofa while writing the EMR.
The tech altitude sickness of late is reversing a bit this morning with the KOSPI (+4.60%) back up after a difficult week. The rally has been led by Samsung Electronics, which has surged +8.2% on reports that Anthropic PBC is in discussions with the company to produce a customised AI chip. Chinese equities are also rebounding, with the CSI 300 (+1.15%) recovering after two consecutive losses, while the Shanghai Composite (+0.69%) is posting moderate gains. The Hang Seng (+1.57%) is extending its weekly gain to around +4.0%. In Australia, the S&P/ASX 200 (+1.38%) is trading notably higher, supported by stronger-than-expected services sector activity. S&P 500 (+0.35%) and Nasdaq (+0.83%) futures are also higher.
Economic data released earlier this morning showed that China’s services sector expanded more than anticipated in June, driven by robust domestic and international demand. The RatingDog Services PMI eased slightly to 54.1 from 54.4 in May but beat the 53.0 expected. There was continued growth in new business, with both domestic and overseas orders increasing. Notably, services exports rose at their fastest pace since October 2024. Meanwhile, the S&P Global Australia Services PMI improved to 50.5 from 48.7 in May, signaling a modest recovery in activity.
It’s also worth noting that Bloomberg are carrying a story this morning that the Trump administration and its allies are actively exploring ways to reshape the Federal Reserve by removing or replacing key officials. Despite a recent Supreme Court decision allowing Fed Governor Lisa Cook to remain in her role for now, efforts to challenge her position are continuing, with a renewed focus on following procedural grounds for potential removal. Former Chair Jerome Powell is also under scrutiny, according to the story, with ongoing political and legal pressure potentially creating an avenue for his departure.
At the same time, the administration is seeking to influence the central bank through upcoming appointments, including the presidency of the Atlanta Fed, a role seen as strategically important for its economic analysis and future voting power on interest rates. So one to watch. Ahead of that, markets put in another strong performance yesterday, as an underwhelming US jobs report led to mounting hopes that the Fed wouldn’t hike rates this year. Indeed, the newsflow was pretty dovish in general, as we saw Brent crude trade within touching distance of $70/bbl for the first time since February, though it ultimately settled +0.32% higher on the day at $71.80/bbl. This backdrop helped spark a decent rally across the board, including record highs for Europe’s STOXX 600 (+1.41%) and the German DAX (+2.16%). Germany has started to announce some serious reforms in recent weeks and over the last 36 hours we saw another that we’ll detail later which helped the domestic mood. The main exception to the global positivity was chip stocks once again, which saw another slump. This left the S&P 500 (+0.0001%) remarkably flat on the day even as most individual stocks were relieved by the dovish repricing, with the equal-weighted S&P 500 (+0.76%) surging to another all-time high as well.
This strong performance came as the US jobs report hit the sweet spot for markets in several respects. It was still in positive territory, with payrolls up +57k in June, whilst the unemployment rate hit a one-year low of 4.2%. So it meant investors were still pretty optimistic on the near-term outlook. But because payrolls grew by less than the +113k reading expected, the print also helped to push back against the prospect of an imminent rate hike. Indeed, the details included downward revisions to the April and May prints of -74k in total, which took the 3-month average for payrolls down to +111k, so relative to expectations it generally underwhelmed.
With the jobs report in hand, the speculation about an imminent July rate hike continued to ebb. Indeed, market pricing has shifted a lot in the last 48 hours, as we also had the comments from Fed Chair Warsh at Sintra on Wednesday that inflation risks had come down. So market pricing for a July rate hike has fallen from 34% on Tuesday, to 27% on Wednesday after Warsh’s comments, and just 18% by last night’s close after the jobs report. Moreover, just 30bps of hikes are now priced in by the December meeting, the fewest since the Fed meeting a couple of weeks ago when the dot plot surprised in a hawkish direction.
In light of that, US Treasuries rallied yesterday, particularly at the front-end of the curve. So the 2yr yield (-3.9bps) fell back to 4.14%, whilst the 10yr yield (+0.5bps) was little changed at 4.48%. And notably, it wasn’t just Fed rate hikes being cast into doubt, as there were growing question marks about whether the ECB would deliver another rate hike as well. In fact, the probability of another rate hike by September fell beneath 50%, and even the probability of a hike by December was down to just 70%. That was partly down to the oil price decline during the European session. The moves also came as ECB President Lagarde said in an interview that the ECB were “convinced we made the right decision” with the June hike but that second-round effects “have not materialized so far”. The ECB repricing meant the 2yr German yield was down another -1.4bps to 2.49%. Nevertheless, long-end yields in Europe still moved higher, with those on 10yr bunds (+2.5bps), OATs (+2.6bps) and BTPs (+2.0bps) all rising.
This backdrop of lower oil prices and a dovish repricing was generally a very strong one for equities. That was particularly clear in Europe given its exposure to the energy shock, and the STOXX 600 (+1.41%) hit a new record high, as did the DAX (+2.16%). In the US, equities also did very well for the most part, though the S&P 500 index rose by a mere hundredth of a point to 7483.24 (+0.0001%) as its advance was curtailed by another slump in chip stocks. Indeed, the Philly semiconductor index was down -5.44% yesterday, building on its -6.27% decline on Wednesday, with all 30 companies in the index losing ground. So given that semiconductor stocks make up around a sixth of the S&P 500, it was tough for the index to gain much traction, even though 70% of its constituents still advanced on the day.
Elsewhere yesterday, Bloomberg reported that several European countries accepted that ships going through the Strait of Hormuz would have to pay fees to Iran and Oman. What might happen is still very unclear, but it spoke to concerns that the Strait of Hormuz won’t be going back to the status quo that prevailed before the conflict began.
Speaking of Europe, as highlighted earlier, Wednesday saw the German government announce a big reform package, which includes income tax relief, pension reforms, and reductions in red tape. Our German economists have more details on the package (link here), and they write how it demonstrates the willingness of both coalition partners to compromise. In terms of next steps, the coalition partners have set themselves a clear deadline to implement these reforms by year-end, which should bode well for sentiment and dovetails with our economists’ forecast that growth will pick up in the second half of the year.
Looking at the day ahead now, it’s a fairly quiet one with US markets closed for the Independence Day holiday. Otherwise, data releases include the final services and composite PMIs for June from several countries. Then from central banks, we’ll hear from ECB President Lagarde, the ECB’s Nagel and Makhlouf, and BoE Governor Bailey.
1b European opening report
1c Asian opening report..
KOSPI (+4.8%) rebounds from recent losses, and European equity futures indicative of a firmer open; USD/JPY holds near recent lows – Newsquawk EU Market Open
Friday, Jul 03, 2026 – 01:51 AM
US President Trump warned that Iran has some missiles left and that they could wipe those out. It was separately suggested that Trump made it clear Iran cannot impose fees on the Strait of Hormuz.
APAC stocks gained, with strength seen in the KOSPI (+4.6%); European equity futures are indicative of a slightly firmer open.
DXY traded subdued at around 100.70; USD/JPY holds just above the 161.00 mark, taking a breather following recent pressure.
US and China are moving towards reducing tariffs on each other’s agricultural products, Semafor reported.
Highlights include Global S&P Services/Composite PMI Final (Jun), BoE DMP (Jun), Speakers including ECB’s Lagarde & BoE’s Bailey.
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IRAN CONFLICT
US President Trump reiterated that they can’t let Iran have a nuclear weapon, while he stated that Iran has some missiles left and that they could wipe those out, while he thinks that Iran has agreed to about everything they need.
US senior admin official says Strait of Hormuz is open and ship traffic through it is proceeding at a high rate, while the official added that President Trump made it clear Iran cannot impose fees on the Strait of Hormuz, which is an international waterway, and that active talks are continuing at high levels regarding all aspects of the MOU.
US officials believed that Israel might have been plotting to kill Iran’s top negotiators while Washington was engaged with Tehran in delicate talks this spring to reach an interim peace deal, according to current and former US officials cited by NYT.
Israeli fighter jets carried out an airstrike on the town of Baraachit in southern Lebanon, while large explosions were reported in northern Gaza, as Israel conducted operations east of the Jabalia camp.
US TRADE
EQUITIES
US stocks were mixed, with the Dow the only major index to finish in positive territory, while the Nasdaq closed lower and the S&P 500 was flat. Although the softer-than-expected June nonfarm payrolls report saw traders pare Fed rate hike expectations, helping support broader risk sentiment, renewed weakness in large-cap technology stocks outweighed the macro tailwind for NDX. Market breadth was notably more constructive than the headline indices suggested. The majority of sectors finished higher, led by the traditional defensive sectors of Health Care, Consumer Staples and Utilities, while the heavyweight Technology, Consumer Discretionary and Communication Services sectors were the clear laggards. There was no obvious catalyst behind the renewed selling in technology shares, although the move may have reflected a continuation of Wednesday’s weakness following the Meta disruption. Meanwhile, memory stocks remained under pressure, with the DRAM ETF falling 7.7%, while the Semiconductor ETF (SOXX) declined 5.6%. Elsewhere, Tesla (TSLA -7.5%) shares plummeted despite stronger-than-expected delivery numbers. It is also possible that some profit-taking and position squaring took place ahead of the long Independence Day weekend, with US markets closed on Friday.
SPX -0.01% at 7,483, NDX -1.61% at 29,329, DJI +1.14% at 52,904, RUT -0.55% at 2,996.
US and China are moving towards reducing tariffs on each other’s agricultural products, while a reduction in tariffs could open the door for China to ramp up purchases of US soybeans, according to Semafor citing officials.
NOTABLE HEADLINES
US President Trump said Fed chair Warsh has a board that is a little bit hostile, and that Warsh has to do what he has to do, while he added that growth can be good for inflation, not just bad. Trump stated he could get Fed’s Cook off the board by winning the case and will start a perfect removal procedure for removing her. Trump reiterated praised for the stock market when questioned about his finances, while he said he doesn’t do anything related to his businesses and lets people invest his money, as well as noted that he has some stock in NVIDIA (NVDA) and thinks it’s very small.
US Treasury Secretary Bessent said to expect to see real wage gains as soon as June and that he is hopeful gas prices will drop to USD 3/gallon by Labor Day, while he added that gas prices are a little stickier on the way down.
APAC TRADE
EQUITIES
APAC stocks were in the green as sentiment gradually improved from the initial tech-related jitters that rolled over from the US, where the major indices were mixed as weaker-than-expected jobs data eased rate hike concerns and helped the DJIA notch a fresh all-time high, but the Nasdaq lagged on tech selling.
ASX 200 climbed higher with the mining, materials, healthcare and resources sectors front-running the advances, and atoning for the weakness in utilities, energy, tech and telecoms.
Nikkei 225 dipped at the open alongside tech pressure, but then pared the almost 1000-point drop to return to above the 69,000 level.
KOSPI shrugged off the initial weakness with the fluctuation in the index, largely a reflection of the tech sector and swings in the SK Hynix shares. Set to end the APAC session with gains of c. 4.6%, with the likes of Samsung (+8.9%) and SK Hynix (+8.8%) both soaring.
Hang Seng and Shanghai Comp conformed to the upbeat mood amid the rising tide across Asia-Pac stocks and as participants also digested better-than-expected Chinese RatingDog Services PMI data.
US equity futures gained with Nasdaq futures bouncing back from yesterday’s underperformance.
European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with gains of 1.2% on Thursday.
FX
DXY remained subdued after retreating on the softer-than-expected NFP report, which eased some rate hike concerns and resulted in a pushback of the timing of the first fully priced-in Fed rate hike to December from October. Nonetheless, the downside was limited overnight with US markets shut on Friday ahead of Independence Day, and as such, trading conditions are set to be thinner.
EUR/USD mildly benefited from the dollar weakness and with very little fresh catalysts for the single currency, while ECB’s Lagarde said she was confident the ECB had made the right decision by raising interest rates in June, and stated that second-round inflation effects had not materialised.
GBP/USD held on to recent spoils and is on track for a seventh consecutive daily gain, while there were some remarks from the likely next UK PM, Andy Burnham. He stated that he will stick to the Labour manifesto on tax and has not made up his mind on who his chancellor will be, but also commented that there is ‘room for movement on tax’ in Labour’s manifesto.
USD/JPY lingered near the prior day’s trough after the recent outperformance of the Japanese currency and potential JPY intervention on Thursday, while Japanese officials continued with their regular jawboning. Looking to start the London session around the 161.00 mark.
Antipodeans mildly strengthened amid the positive risk environment and upside in commodity prices.
PBoC set USD/CNY mid-point at 6.8047 vs exp. 6.7808 (prev. 6.8088)
FIXED INCOME
10yr UST futures kept afloat following the prior day’s steepening as money markets pushed back the first fully priced in Fed rate hike to December from October following the weaker-than-expected jobs report, while price action is contained overnight with US cash markets shut on Friday ahead of July 4th celebrations.
Bund futures were lacklustre after recent indecision and with little reaction seen following comments from Lagarde that she was confident the ECB had made the right decision by raising interest rates in June, as well as stated that second-round inflation effects had not materialised.
10yr JGB futures rebounded from a one-month low, but with little fresh catalysts, while Japanese officials continue to echo the familiar rhetoric regarding policy and responding to currency moves.
COMMODITIES
Crude futures gradually edged higher amid the positive risk appetite, but with price action contained in the absence of any fresh significant geopolitical headlines.
Canadian PM Carney said the government agreed with Alberta that the best route for a new pipeline is south through the Trans Mountain corridor to the Pacific coast, while the government, Alberta and Oil Sands Alliance agreed on terms to launch the Pathways project. Furthermore, the Alberta government announced that work on the new West Coast pipeline may commence on September 1, 2027
Baker Hughes Rig Count: Oil +5 to 445, Gas +1 to 126, Total +7 to 580.
Spot gold extended on gains and approached just shy of the USD 4,200/oz following recent dollar weakness and an unwinding of Fed rate hike bets due to the weaker-than-expected US jobs report.
Copper futures were lifted overnight as risk sentiment gradually improved in the Asia-Pac region.
CRYPTO
Bitcoin was choppy and kept to within a relatively tight range above the USD 61,000 level.
NOTABLE ASIA-PAC HEADLINES
China’s MOFCOM said it welcomes UK companies to invest in China, and hopes the UK will adjust the steel trade measure, while it hopes the UK provides a fair environment for Chinese firms, as well as stated that Chinese and UK firms can deepen cooperation in the service sector.
Anthropic moves to shut loopholes that allow Chinese access to Claude, according to FT.
Japanese Finance Minister Katayama won’t comment on specific FX levels, but reiterated they are ready to respond appropriately to currency moves and will conduct appropriate economic policy. Furthermore, she stated that they will conduct fiscal policy with efforts to gain market trust, when asked about higher JGB yields, as well as noted that specific monetary policies are up to the BoJ and they expect the BoJ to conduct appropriate monetary policy while coordinating with the government.
Japanese Trade Minister Akazawa affirmed there are various factors that drive FX rates, but made no specific comment, while he stated they need to monitor and respond to the FX impact on small firms.
DATA RECAP
Chinese RatingDog Services PMI (Jun) 54.1 vs. Exp. 53.6 (Prev. 54.4)
Chinese RatingDog Composite PMI (Jun) 53.6 (Prev. 54.0)
GEOPOLITICS
RUSSIA-UKRAINE
Industrial facility in Russia’s Belgorod was reportedly on fire after a Ukrainian strike.
OTHER
US President Trump posted an image showing US contributions to NATO and stated, “Ridiculous for the U.S.A. to continue along this one sided path when the relationship is not reciprocal. They were not there for us!!!”
EU/UK
NOTABLE HEADLINES
UK MP Burnham said he will stick to the Labour manifesto on tax and has not made up his mind on who his chancellor will be, while he stated he is not undisciplined when it comes to public finances and will take responsibility to fully fund the defence spending plan. Furthermore, Burnham ruled out ‘crude’ short-term welfare cuts and said education reforms and more council houses will eventually bring down the number of jobless youngsters, but also stated there is ‘room for movement on tax’ in Labour’s manifesto.
UK MP Burnham’s policy guru suggested cuts and reducing eligibility is the wrong approach to reform welfare, according to Sky News’s Coates.
BoE’s Mann said the loosening in financial conditions since June, would be an important factor in determining her vote at the next policy meeting.
German Chancellor Merz said the reform package could lift German 2027 GDP to at least 1%.
ECB President Lagarde said she was confident the ECB had made the right decision by raising interest rates in June, adding that second-round inflation effects had not materialised.
NORTH AND SOUTH KOREA AND JAPAN
SOUTH KOREA
JAPAN
3 CHINA
4. EUROPEAN AND SCANDINAVIAN COMMENTARIES PLUS NATO
GERMANY
The Master-Slave Continuum: How the Parasitic British Middle Class Serve Their Masters with Blind Anti-Russia Frenzie
The European Court of Justice has ruled that private citizens can now face criminal charges and up to five years in prison for sharing Russia Today (RT) videos online. The decision, from a German case involving a free, donation-funded website, treats ordinary people as sanctioned “operators” simply for posting content — regardless of profit or audience size.
This expands the EU’s ban on Russian media far beyond broadcasters and platforms. Ordinary Europeans can now be prosecuted for sharing information the authorities dislike. Mind you, we are not talking about fake news. No proof of false reporting is required. The EU, which claims to be a champion of democracy and human rights, is now prosecuting citizens for sharing videos. The EU ruling effectively limits public discourse to state-approved narratives and marks a level of censorship that is usually associated with totalitarian regimes.
George Orwell was correct the truth will disappear from view or even opinions will become unacceptable. Is this what people signed for? No wonder so many people want to leave. Before it falls Europe will become a place not seen before. The days of the Stasi or Hitler will pale to what comes forth in a desperate bid to cling to power as the EU goes bust. The work of centuries has fallen into an abyss. It happened before and now the cycle will simply repeat itself. The question that remains is whether Europe will survive sufficiently to rebuild or disappear. Unchecked immigration will have its’ say.
If you want to see modern-day socialism in action, look no further than to the other side of the pond at not-so-jolly old England. The story of Britain’s decline is a warning signal to those here in the States who are thrilled by the warm embrace of socialism.
Right now, the Brits are having the same debate about the merits of socialism as we are in our major cities and blue states. In England, the Prime Minister Keir Starmer of the Labour Party is out. But instead of turning to the right, it appears the UK will swerve further to the collective ownership of the left. Andy Burnham—the former socialist mayor of Manchester—is next in line. God save the queen.
As Greg Ip of The Wall Street Journal reports, “Burnham’s socialism is the real deal. He wants the state to control more of the means of production. … (H)e advocates public ownership of water, housing, energy and transportation.”
Burnham calls it “business-friendly socialism.”
Sure.
That will make the trains run on time.
What short memories.
After World War II, the Brits experimented with creeping socialism for more than three decades. The Labour Party handed over to public bureaucrats and unions the means of production: the Bank of England, the coal mines, the airlines, iron, steel, and phone service, to name a few. Prices soared, nothing worked, unemployment lines lengthened, and the Brits got a lot poorer.
Britain’s share of world output fell by half, from more than 10 percent to less than 5 percent. About the only thing Britain had going for it was four lads from Liverpool called the Beatles, who singlehandedly brought deep pride back and caused a mini-stimulus. But in the 1970s, the downturn worsened.
We interrupt this story with the election of Margaret Thatcher in 1979. She saved the kingdom by slashing taxes and privatizing everything she could get her hands on. It was the precursor to Reaganomics.
That didn’t last long. Now it’s Thatcherism in reverse—just as the left in America wants to reverse the Reagan and Trump legacies of deregulation, lower taxes, and sound money.
What seems to be driving this leap toward “democratic socialism” on both sides of the Atlantic is a middle-class fury over inflation. The idea of free food, housing, child care, and health care is alluring.
But prices have risen not because of a failure of capitalism. It was mostly caused by massive money printing, widespread shutdowns of private industry, retail businesses and schools, and stay-at-home orders during COVID-19. Government became the provider, and the leap forward in state expenditures was never entirely extinguished.
In both the United States and in England, the “affordability crisis” is mostly in government-owned, government-operated, or heavily regulated businesses. In the U.S., that’s health care, education, and college tuition. In Britain, it’s those industries plus energy, housing, and child care.
There is an infestation of socialism in Britain that has sucked the dynamic and wealth-producing spirit out of the UK.
We need a socialism vaccine in America.
END
UK
Watch: Shocking Footage Of Britain’s Two-Tier Policing
In the latest sickening example of two-tier policing under Keir Starmer’s government, a female officer in Birmingham charged straight into a street attack, shielded the three black aggressors, and then turned her aggression on their white British victim – an inebriated teenager who had just been randomly assaulted.
While the attackers dispersed without consequence, multiple officers swarmed the white lad, barked obscenities at him, shoved him into a police car the wrong way round, and then dragged him back out again.
A bystander who tried to explain that the white kid was the victim was completely ignored.
This is not policing. This is ideological enforcement, where native Britons are treated as the problem and mass migration’s imported violence gets a free pass.
The main footage of the attack and the officer’s intervention spread rapidly on X.
Further clips reveal the tone of the encounter. One officer is heard snarling at the restrained teen: “You’re going to walk to the car you fucking dick.” The contrast with how such language would be deployed against anyone else is glaring.
A witness wearing glasses can be seen on camera telling officers that the white lad had just been randomly attacked by the group. The officers brush past the information and continue processing the victim as the aggressor.
Public reaction has been swift and unforgiving. One observer captured the robotic programmed nature of the response:
The handling shows a blatant failure of duty, with the arresting officer targeting the white male despite clear evidence he was not the agressor. It is impossible the officer did not see the two black males actively attacking him.
West Midlands Police have reportedly asked people to stop sharing the footage. Of course they have.
This is not an isolated lapse. It fits a documented pattern of selective enforcement and excessive force against native Britons while authorities tiptoe around minority perpetrators.
Earlier this month, outrage erupted over South Yorkshire Police officers filmed shoving, baton-wielding and Tasering teenage girls during a dispersal in Rotherham.
South Yorkshire Police later acknowledged: “The short clip on social media of the police response to an incident in Rotherham over the weekend appears nothing short of shocking.” The force’s Professional Standards Department said it was reviewing all available footage, including body-worn video, and that officers are expected to act in a “lawful, proportionate, and fair” manner.
The Rotherham location itself sharpened the hypocrisy. It remains the epicentre of the grooming gangs scandal in which authorities failed for years to protect an estimated 1,400 young victims from predominantly Pakistani Muslim gangs. Political correctness and fears of racism accusations paralyzed police and social services. Now the same forces apply heavy-handed tactics to young British girls celebrating a school leavers’ event.
Similar incidents piled up around the same period. Footage emerged of officers manhandling a five-year-old boy – nearly yanking his arms from their sockets while forcing him into a police car – while pepper-spraying his father and confronting his mother who was holding a baby.
A further video captured police slamming Siobhan Whyte to the ground during a protest linked to the Henry Nowak case. Her daughter had been murdered by an illegal migrant, stabbed 23 times in the head with a screwdriver.
A 50-year-old military veteran and father of three with 13 pins in his right ankle was struck with riot shields and kicked in the head four times while sitting on a wall filming and stating he was doing nothing wrong.https://www.youtube.com/embed/nXKQYUU7xqM/embed/
These episodes form part of a growing catalogue of police interactions with native British citizens that many describe as disproportionately aggressive. The common thread is eroding public trust.
Police arrested and handcuffed the dying Henry instead of providing immediate aid. It took eight minutes for officers to discover the stab wound even though Henry repeatedly told them he had been stabbed and could not breathe.https://www.youtube.com/embed/zVSGc-gB6fQ/embed/
The Independent Office for Police Conduct confirmed it is investigating two Hampshire officers for potential gross misconduct. The evidence indicates both officers may have breached standards of duties and responsibilities, use of force, and discreditable conduct.
These relate to potential failures to recognise that Henry needed urgent medical attention, to immediately act after he said he had been stabbed and could not breathe, and the decision to arrest and handcuff Henry rather than provide immediate first aid.
There is also an indication one officer may have breached the standard relating to authority, respect and courtesy for appearing to dismiss Henry saying he had been stabbed.
The officers face investigation but have not been suspended. Adam Brooks stated on GB News: “I don’t just want these officers under investigation, I want them arrested!”
The Birmingham incident follows the same script. The white victim is processed aggressively while the actual attackers are permitted to leave. West Midlands Police have reportedly moved to limit circulation of the footage rather than address the conduct on camera.
Britons pay for policing through their taxes. They have every right to demand officers who de-escalate rather than escalate against teenagers, who protect the vulnerable instead of dismissing them, and who operate without the stain of two-tier standards.
When footage repeatedly shows the opposite – and when legacy media largely ignores it until social media forces the issue – the contract between police and the public frays further.
Accountability mechanisms exist. Body-worn video exists. The public expects both to deliver transparency and consequences where warranted. Without that, resentment will only deepen.
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews
END
EUROPE
Europe’s Climate-First Policies Fuel Resistance To Air Conditioning As More Than 1,300 Die In Heat Waves
Europe continues to rely on alternatives to air conditioning even as deadly heat waves claim lives across the continent. Officials argue that expanding air conditioning is not a long-term solution.
France’s record-breaking heat last week has been linked to about 1,000 deaths, most involving elderly people.
Despite experiencing fewer hot days than many other regions, it also records the highest number of heat-related deaths per capita.
A 2007 study found that air conditioning can reduce heat-related deaths by 75%. Even so, only about 20% of European homes have air conditioning, compared with roughly 90% of homes in the United States.
Rather than expanding air conditioning, many European officials have focused on alternative strategies, including public cooling stations and other measures designed to reduce heat in densely populated historic cities.
Ine Vandecasteele, an urban adaptation expert with the European Environment Agency, said widespread air conditioning is not the preferred solution.
“It is an immediate response, which can support essentially those who may be vulnerable in hospitals, or in very short term can help. But in the longer term, what happens is, installing more air conditioning actually emits more heat into our environment, so it will actually increase the speed of warming.”
Higher energy costs have also discouraged broader adoption of air conditioning across much of Europe.
Italy has taken a different approach than many of its European neighbors.
According to the National Institute of Statistics, about 56% of Italian homes had air conditioning as of 2024.
European Union data also show Italy accounts for roughly one-third of the bloc’s electricity consumption for air conditioning.
Italian officials have also distributed wearable devices in Rome to monitor elderly residents, who face the greatest risk during periods of extreme heat.
Public attitudes toward air conditioning also differ from those in the United States. A recent survey in France found that one in six respondents said they would rather endure the heat than increase air conditioning use for environmental reasons.
Vandecasteele said she was not surprised by those findings. “We’re not doing this for us,” she said. “We’re doing this for the future generations.”
END
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS//
ISRAEL USA/IRAN THURSDAY EVENING
Iranian general warns of ‘harsh response’ if Israel, US attack during Khamenei’s funeral
The event will last a week and span several major cities in Iran and Iraq, with ceremonies in Tehran, Qom, Mashhad, Najaf, and Karbala.
Coffins are displayed containing the late Iranian Supreme Leader, Ayatollah Ali Khamenei, and his family at Imam Khomeini Grand Mosque on July 3, 2026 in Tehran, Iran.(photo credit: Majid Saeedi/Getty Images)ByARIELLA ROITMANJULY 3, 2026 09:53Updated: JULY 3, 2026 10:02
The commander of Khatam al-Anbiya, Ali Abdollahi, threatened Israel and the US against making “any miscalculation” during former Supreme Leader of Iran Ali Khamenei’s week-long funeral, warning of “harsh and regrettable responses” in the case of an attack in a Friday statement.
Khatam al-Anbiya is the Joint Command of Iran’s military.
Khamenei’s funeral is slated to begin on Saturday and is expected to be the largest event in the history of the Islamic Republic. It will span several major cities in Iran and Iraq, with ceremonies in Tehran, Qom, Mashhad, Najaf, and Karbala.
The ceremony was scheduled months earlier but was postponed due to the ongoing conflict with the US.
Iranian media reported that millions of people are set to participate in the mass event, with the mayor of Tehran estimating 15 to 20 million attendees in the capital alone.
Shi’ite mourners walk past a banner depicting Iran’s late Supreme leader Ayatollah Ali Khamenei as they mark Ashura, the holiest day on the Shi’ite Muslim calendar, in the southern suburbs of Beirut, Lebanon, June 26, 2026. (credit: KHALIL ASHAWI / REUTERS)
Khamenei was killed in Tehran in joint US-Israeli strikes at the start of operations Roaring Lion and Epic Fury in February, alongside his daughter, grandchild, daughter-in-law, and son-in-law. His son, Mojtaba, has since taken on the mantle of supreme leader.
Khamenei’s coffin goes on display amid funeral preparations
In an “unannounced event” amid the ongoing funeral preperations, Khamenei’s coffin was put on display in Tehran, according to a late Thursday X/Twitter post by the State TV broadcaster, Islamic Republic of Iran Broadcasting (IRIB).
Footage shared by IRIB on social media appears to show a large, cheering crowd standing before a stage decorated with flowers.
Standing alongside the displayed coffin are several Iranian officials, including Islamic Revolutionary Guard Corps (IRGC) Commander Ahmad Vahidi in his first public appearance since the start of the Israel-Iran War.
Vahidi also reportedly met with Iranian Parliament Speaker Mohammad Bagher Ghalibaf, Iranian President Masoud Pezeshkian, and other senior officials to address matters related to the funeral preparations.
N12 reported that Ghalibaf met with representatives of the Amal Movement, a Lebanese Shia political party, on Wednesday as part of the ceremony’s preparations.
Members of the movement will reportedly attend Khamenei’s funeral as well.
Crowds must ‘avenge the death’ of Khamenei, Ghalibaf urges
“I call on all members of the Iranian people to create a glorious page in the history of Islamic Iran with their impressive presence and to prove once again that the Iranian nation in its great moments stands united and loyal to its alliance,” said Ghalibaf.
“The noble and deep-rooted Iranian people are not silent in the face of injustice and arrogance and will not give up on the blood of their leader,” he added.
Other world leaders and officials from more than 30 countries, including Tajikistani President Emomali Rahmon, are expected to attend the funeral, Iran’s state-owned Press TV noted.
The report cited Iranian Deputy Interior Minister Ali Akbar Pourjamshidian as confirming their attendance, as well as the attendance of religious leaders from over 90 countries.
Jerusalem Post Staff and Reuters contributed to this report.
END
ISRAEL/USA/IRAN/FRIDAY MORNING
Saudi Delegation Makes Unexpected Appearance In Tehran For Start Of Ayatollah’s Funeral
Friday, Jul 03, 2026 – 12:50 PM
Friday and Saturday kick off what will be up to a week of solemn funeral observances for slain Iranian Supreme Leader Ayatollah Ali Khamenei – a major historic event which is expected to draw some 15 to 20 million mourners in Tehran and across Iranian cities.
Iran on Thursday issued a warning to the United States and Israel, Reuters reported:
“We warn the enemies of Iran, especially the U.S. and the Zionist regime (Israel), to avoid any miscalculation and to think about the harsh retaliation our armed forces would make to any threat and aggression against our country,” Ali Abdollahi, commander of Khatam al-Anbiya Central Headquarters, said in a statement carried by state media.
The funeral procession events are expected to extend all the way to July 9, upon which the late Ayatollah will be buried in his hometown of Mashhad. Qom, as well as Shia centers in Iraq will also observe large-scale funeral events.
Delegations representing various governments in the region have begun arriving in Tehran on Friday to pay their respects, though the Iranian government has made clear that no European governments were invited.
There has already been some surprises, with Reuters reporting that Saudi Deputy Foreign Minister Waleed El Khereiji and his delegation have showed up in Tehran to pay their respects – though they weren’t officially expected, per Iranian state publications…
This is perhaps a symbolic sign of a thawing of sorts between Gulf GCC states and Iran, at a moment the extended ceasefire continues to hold in order to give peace negotiations centered in Qatar and Switzerland a greater chance of success.
Media reports have indicated that the Trump administration is holding off any further military action during the funeral proceedings, and given that in Washington major July 4th events will kick off over the weekend, which marks the 250th anniversary of America’s founding.
One delegation which was indeed expected, and has arrived amid the cameras are the Russians, headed by Dmitry Medvedev, former president and now Deputy Chairman of the Russian Security Council:
Also, regional media notes that “Iranian President Masoud Pezeshkian paid his respects on Friday before the remains of Ali Khamenei, accompanied by government officials including the Speaker of Parliament Mohammad Bagher Ghalibaf.”
“State television footage showed Masoud Pezeshkian praying before the former supreme leader’s coffin, upon which a black turban rests,” Middle East Eye reported. For more details on what to expect in the coming days, read our:
Below is a round-up of some of the latest headlines and developments via MEE:
Ali Khamenei’s body arrived at Tehran’s Grand Mosalla mosque, where mourners have begun gathering ahead of Saturday’s funeral.
Iranian authorities expect more than 20 million people to participate in funeral ceremonies, which will conclude with Khamenei’s burial in Mashhad on July 9.
A red flag from the Imam Reza Shrine in Mashhad was placed over Khamenei’s coffin during ceremonies in Tehran.
Brigadier General Ahmad Vahidi, the new commander of the IRGC, made a rare public appearance during a memorial event in the Iranian capital.
Pakistan’s interior minister arrived in Iran ahead of the funeral as foreign delegations continue to gather for the ceremonies.
President Donald Trump said Iran has “almost agreed” to US demands and confirmed negotiations with Tehran will continue.
Iranian foreign minister Abbas Araghchi said lasting peace in the region must be comprehensive and free from external interference.
Iran’s UN representative warned that any US violation of the memorandum of understanding would trigger an Iranian response.
Iran’s military command instructed vessels transiting the Strait of Hormuz to follow designated routes or face a “forceful response”.
In Lebanon, President Joseph Aoun called for international pressure on Israel to implement the framework agreement, while Israel announced the Givati Brigade had completed its mission in southern Lebanon.
Below: Medvedev and the Russian delegation are given a warm red-carpet welcome in Tehran, after which he proceeds to where the slain supreme leader’s coffin is displayed for mourners:
As for the Saudis visiting Tehran, this in and of itself is a rare, unexpected development in relations – given the two sides have only slowly reopened diplomatic relations in the past few years, with mutual embassies going active – a feat largely mediated by China. Might their be some backchannel diplomacy happening while the Saudis are there?
ISRAEL TBN
END
SYRIA/DAMASCUS
Cafe Bombing Kills 9, Wounds 22, In Busy Court Area Of Central Damascus
Friday, Jul 03, 2026 – 08:35 AM
On Thursday a bomb ripped through crowded cafe in central Damascus, killing at least nine people and wounding 22 others, in an attack very near the main entrance of the Palace of Justice – in an area frequented by lawyers, courthouse employees and visitors.
Al Jazeera correspondent Obaida Hitto, who reported from the scene in the aftermath, stated that “The casualties are higher because it is such a busy area.” The death toll could rise given that many bystanders are being treated for severe injuries at a Damascus hospital – some in critical condition.
The target was a well-known gathering place for attorneys. “According to lawyers’ groups on social media, the names of six lawyers who were killed have been identified, while eight others were injured in the blast,” Mohammed al-Tawil, head of the Syrian Bar Association, told Germany’s dpa.
And per the NY Times, “Syria’s interior ministry said the blast, near the main courthouse complex in Damascus, had been caused by an explosive device but did not say who was responsible.”
The reported noted, “State media published images of bloodied floors and overturned chairs as emergency workers rushed through crowded streets to the scene.”
Various jihadi groups, including ISIS, continue to threaten civilians all across the country, a reality which has only expanded in post-Assad Syria, and after the rise of US-backed, self-appointed President Ahmed al-Sharaa, the former Al-Qaeda and Islamic State commander.
Government forces under Sharaa have been seen as tolerating and even cooperating at times with ISIS-style terrorist groups. But at the same time the Sharaa regime has sought to present itself to the outside world as ‘moderate’.
Sectarian crimes and targeted killings, particularly against Syria’s Alawite, Christian, and Druze communities have continued. Euronewsreports:
“I ran to the place and saw people lying on the floor with blood pooled around them everywhere,” he added, saying the scenes recalled the blasts that Damascus experienced during the nearly 14-year civil war.
Damascus has been the site of multiple attacks and incidents since the new authorities took over following the toppling of longtime ruler Bashar al-Assad in December 2024.
The deadliest came in June 2025, when an attack on a Damascus church killed 25 people. The suicide attack was later claimed by a Sunni Islamist group, while the authorities blamed it on the Islamic State group.
In the meantime a new parliament is being sworn-in in Damascus, dozens of members which were handpicked by Sharaa. Some are well-known extremists.
“Among the 70 new appointees is Hassan Soufan, who was the head of Ahrar al-Sham, an Al-Qaeda-affiliated extremist group that fought as part of the 14-year CIA-backed insurgency against former Syrian president Bashar al-Assad’s government,” writes Beirut-based The Cradle. The report further says:
While maintaining secular institutions such as a parliament, Syria is unofficially governed by extremist Sunni Muslim religious figures known as “sheikhs” who are embedded within government institutions and public service departments, including police stations, municipalities, and the judiciary.
With Assad gone, mainstream Western press has basically stopped covering events in Syria, even though killings and terrorist attacks have persisted.
At the same time, the country has little in the way of military defenses to speak of, with Israeli bombings having largely wiped out anti-air defenses as well as offensive missile silos.
END
OCT 7 MASSACRE/TRIALS
October 7 trials: How Israel is preparing for the largest terror prosecution in its history
LEGAL AFFAIRS: Israel now needs to build an entire temporary justice system around a crime that cannot be reduced to a single file, defendant, scene, or legal theory.
Nukhba Force terrorists who were captured alive on October 7 are seen in a prison in Israel in 2025.(photo credit: CHAIM GOLDBERG/FLASH90)BySARAH BEN-NUNJULY 3, 2026 15:42
There has not yet been a full accounting for the events of that day in a criminal courtroom, but a special law has been enacted, over NIS 1 billion approved, and work has begun at Atarot in northern Jerusalem, where a dedicated military tribunal is slated to be built.
Construction is only one part of a project in which the harder work is this: Prosecuting hundreds of defendants for crimes across dozens of locations.
This will need to be done while using a vast and developing record of evidence, a potentially enormous witness pool, classified materials, security arrangements, and a legal framework with few domestic parallels.
The question is, how can the state put the October 7 perpetrators on trial without overwhelming the courts, abandoning victims and families, or collapsing under the obligations of a criminal proceeding?
The first trials are not expected to open soon. The Jerusalem Post understands that the current working assumption is that they will not begin before 2028.
In other words, the task is to build an entire temporary justice system around a crime that cannot be reduced to a single file, defendant, scene, or legal theory.
Protesters commemorate 1,000 days since the October 7 Massacre on July 2, 2026. (credit: Chen G. Schimmel)
A framework – not yet a trial
The Knesset approved the October 7 prosecution law in May, creating a special military court in Jerusalem to hear the cases.
This law covers alleged acts committed between October 7, 2023, and October 10, 2023, as well as offenses allegedly committed against hostages held in Gaza after that period.
It was written to allow prosecution under existing criminal statutes and special offenses – including crimes against the Jewish people, crimes against humanity, war crimes, murder, rape, abduction, and looting.
It also gives the tribunal, in relevant cases, the authority to impose the death penalty under the legal framework available to it.
The court will sit in panels of three judges. At least one judge on each panel must be a president of a military court or a senior district court judge brought into the military framework.
Further, while any first-instance judgment may be appealed, a death sentence would trigger automatic appellate review before a panel headed by a retired Supreme Court justice, even if the defendant does not file an appeal.
The law is designed in such a way that it takes into consideration that these are not ordinary terrorism cases.
Custom-made court
In other words, the court must be secure enough for hundreds of high-risk defendants, large enough for parallel proceedings, equipped for vast digital material, and structured for victims and bereaved families who will have to revisit October 7.
The Post understands that the planned complex in Atarot is meant to include nine courtrooms and be able to support up to 15 judicial panels.
A separate unit is expected to be created within the military court system, with dedicated judicial, prosecutorial, administrative, security, technological, and victim-support functions.
On June 18, Constitution, Law, and Justice Committee chairman Simcha Rothman said bulldozers had begun preparing the Atarot site. The announcement marked the first public sign that the law had crossed into the implementation stage.
Atarot is close to the Kalandiya crossing and the West Bank. Rothman has said the location was selected partly to address defense counsel and prison-transport logistics.
It is the Post’s understanding that the three major tracks now moving in parallel are the physical construction of the complex, the creation of a victim-and-witness system, and the completion and transfer of case files from the State Attorney’s Office to the military prosecution.
From investigation to military prosecution
The State Attorney’s Office said in response to a query that it established a dedicated team as early as October 2023, led by its Southern District prosecution division, and reinforced by prosecutors from other districts.
The team, it said, has been accompanying the investigation into the scenes, suspects, victims, and events, while preparing legal opinions and documents required for future proceedings.
In February, following discussions led by Attorney-General Gali Baharav-Miara with chief prosecutor Amit Aisman and the military advocate-general, it was decided that the military prosecution would handle the cases to completion before the special court.
The Post understands that the full files have not yet been moved to the military prosecution. However, a team dealing with the special tribunal began working already in February, before the final legislation was passed.
It has spent the months since mapping the project’s personnel, infrastructure, procedural, and institutional needs.
The government approved the budgetary framework for the effort in early June, allocating more than NIS 1b. for 2026 through 2029.
These funds are meant to cover not only the court complex, but prosecution offices, an IDF headquarters facility, staffing, secure transportation, communications and broadcasting systems, medical services, and other operational costs.
The hostage issue was a central constraint on the timing of the cases. While Israelis remained held in Gaza, the state held off on indictments amid concern that the suspects could be sought in a future hostage deal.
The State Comptroller’s Office’s June report criticized the fact that no October 7-related trial had begun, while noting that this concern had delayed the process.
Hamas terrorists who were caught during the October 7 massacre and during the IDF operation in the Gaza Strip, seen at a courtyard in a prison in southern Israel, February 14, 2024 (credit: Chaim Goldberg/Flash90)
What case is the prosecution actually trying to prove?
The first indictments will matter not only because of who appears in them, but because of the narrative they tell.
Maurice Hirsch, a former military prosecutor in the West Bank, said in an interview with the Post that one of the prosecution’s earliest and most consequential decisions will be which legal doctrine or doctrines it chooses to pursue.
This would frame October 7 not only as a series of discrete crimes at particular locations, but as a coordinated criminal enterprise carried out by people acting together toward a shared criminal purpose.
If, for example, the chosen doctrine is a locality-based one, responsibility could turn principally on what prosecutors prove at a specific kibbutz, road, home, or festival site.
Under the Joint Criminal Enterprise doctrine, however, prosecutors could seek to show that defendants who participated in the broader operation bear responsibility beyond the precise place where they were apprehended or the individual act they personally committed.
Which doctrine, or doctrines, are applied at the outset could set the tone and development of the trial.
Hirsch said the public picture points strongly toward coordination – the scale of the assault, simultaneous border attacks, weapons, maps, preparations, and documents reportedly recovered in Gaza will likely all be factors.
Whether the evidence supports the use of the Joint Criminal Enterprise doctrine to the criminal standard required in court is a different question. The prosecution has not given any indication as to which doctrine direction it is leaning towards.
That choice will shape the number of indictments, the evidence disclosed, the witnesses called, the judges and prosecutors needed, and whether families must relive the same material in several courtrooms.
Locality-based cases may be more manageable, and they can make it easier to connect to particular victims and evidence, Hirsch explained.
Alternatively, he added, they could produce many proceedings, so while a broader case might better convey the attack’s coordination strategy, this would demand proof linking people, planning, and acts across scenes.
The evidence problem
Prosecutors will have to turn an unusually large and varied body of material into evidence that can be tested in court: Physical evidence from the scenes, statements by suspects, survivor and witness testimony, footage recorded by perpetrators, digital records, and material collected during military operations in Gaza.
The challenge will be less the existence of material than the work of organizing it, determining what can be used, disclosing it to defense counsel, and tying it to particular defendants and alleged offenses.
On the flip side, the issue might run in the other direction in this case, as many of the victims were murdered.
The Post understands that the anticipated victim-and-witness apparatus is being planned around some 12,000 potential witnesses.
The military prosecution will need to prepare for its involvement in the proceedings as the indictments and court structure take shape.
Especially stark in this regard is the issue surrounding sexual violence. Many victims were murdered, and some scenes were destroyed or altered in the chaos of the attack.
Meanwhile, surviving witnesses may have seen only part of an incident. They may be asked to testify about events that cannot be reconstructed through a conventional single-victim, single-scene evidentiary model. This, without even exploring the role trauma may play regarding the experiences that can be triggered from such a recall.
In its May report, the Civil Commission on October 7th Crimes by Hamas Against Women and Children argued in favor of a cumulative evidentiary model for sexual and gender-based crimes.
This would pertain to preserved footage, cross-referenced testimony, recurring patterns across sites, forensic material, and other records.
That approach may be relevant to the eventual prosecutions, particularly where victims were murdered, scenes were destroyed, and surviving witnesses can testify only to fragments of what they saw.
Prosecutors will still have to establish the evidence against particular defendants and particular alleged offenses. Nevertheless, the report argued, individual incidents can also be assessed within the wider criminal context of the attack.
The same tension runs through classified material. Hirsch noted that prosecutors may face disputes over evidence that is too sensitive to expose in open court.
That can create litigation within the litigation: Arguments over whether material can be disclosed, summarized, protected, or used at all without damaging an intelligence source or method.
A trial must be built to last
After 1,000 days, the temptation is to measure the project by its visible milestones: A law, a budget, or a building site.
But the real measure will be whether the system can conduct proceedings that are credible and durable.
Hirsch’s blunt warning is that speed will have limits. “If anyone thinks that these trials are going to finish quickly, they’re simply deluding themselves,” he said.
A criminal prosecution of this scale takes time. The defense must receive and examine evidence, preliminary claims must be heard, prosecutors must choose what they can prove, and judges must decide disputed legal and evidentiary questions.
Each defendant is entitled to an individual defense, even when the alleged crimes are among Israel’s most horrific, Hirsch noted.
He said he fears it could take one to two years before any trial reaches the point at which a defendant takes the stand – simply to file indictments, transfer evidence, and complete preliminary stages.
Hirsch also said the Knesset debates over judicial appointments to the tribunal, lasting three, five, or seven years, were not a technicality, as duration may determine whether cases remain coherent from start to finish.
Comparisons to the Eichmann trial, which have cropped up in public debate, are understandable, but they go only so far.
Adolf Eichmann was one defendant, tried in one case. Here, the court is expected to handle hundreds of defendants, different levels of alleged involvement, and crimes spread across numerous sites.
The closest comparisons may be the international tribunals created after Rwanda and the former Yugoslavia, but those were institutions established after the crimes and were externally imposed courts.
Israel is attempting to handle these cases through its own court system, using a mix of existing criminal law and the new October 7 framework.
The death penalty is part of that legal architecture, but it should not eclipse the harder question already in front of the prosecution – how to build charges that are legally sound, individually grounded, and capable of surviving appeal.
There is no indication yet of whether prosecutors will seek capital punishment in any case.
The tribunal’s authority to impose it is also separate from the broader Death Penalty for Terrorists Law championed by National Security Minister Itamar Ben-Gvir, and does not address what the charging policy will be.
For families of those killed, the length and structure of the proceedings will matter directly. The way the cases are divided could determine whether relatives are asked to follow one trial or several, how often they are required to return to court, and how much evidence about the attacks they will have to hear.
The work at Atarot is therefore only one part of what still has to be put in place. The court must be completed, the case material transferred and organized, indictments prepared, personnel recruited, and arrangements made for victims, witnesses, defendants, and defense counsel.
A 1,000 days after October 7, those preparations are underway. Yet, the Post understands that the first trials are not expected to begin before 2028.
Yonah Jeremy Bob and Keshet Neev contributed to this report.
END
HAMAS/ISRAEL
IDF, Shin Bet kill Hamas terror leader who held four hostages in Gaza, incl. Cpt. Daniel Perez
Muhammad Naim Jandia had been the head of military security for Hamas’s Shajaiyah Battalion and had taken part in the kidnapping of Captain Daniel Perez during the massacre.
An IDF biographical infographic on Muhammad Na’im Jandiya, the Head of Military Security in Hamas’ Shuja’iyya Battalion, who held four hostages captive, published July 3, 2026, following a strike that killed the terror commander.(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFFJULY 3, 2026 11:11Updated: JULY 3, 2026 13:58
The IDF and Shin Bet (Israeli Security Agency) have killed a Hamas terrorist who held hostages in the Gaza Strip after October 7, 2023, the military announced on Friday.
Muhammad Na’im Jandiya had been the head of military security for Hamas’s Shajaiyah Battalion and had taken part in the kidnapping of Captain Daniel Perez during the massacre.
Perez served as commander to St.-Sgt. Itay Chen and Sgt. Tomer Leibovitz, both of whom were killed on October 7, as well as Matan Angrest, who was taken hostage.
Rabbi Doron Perez, Perez’s father, thanked the Shin Bet and IDF for their tireless efforts in bringing “those who have done so much evil, bad, and plan to do more” to justice, in a video shared to social media on Friday.
“What a zechut [honor] to live in a sovereign Jewish state where we are able to bring such evildoers to justice,” he said. “We may be the smallest nation in the world, but we are the largest family. Am Yisrael Chai.”
THE THREE Israeli hostages mistakenly killed by the IDF in Gaza in 2023. (credit: The Jerusalem Post)
After October 7, Jandiya also held Yotam Haim, Samar Talalka, and Alon Shamriz captive in tunnels below the Shuja’iya area of Gaza.
These three hostages were all later accidentally killed by the IDF.
Jandiya promoted terror against IDF forces in Gaza
The strike on Jandiya, the IDF stated, had taken place on Wednesday in northern Gaza.
“As part of Jandia’s senior position in the Shajaiyah Battalion, he also recently tried to promote terrorist plots against our forces operating in the Gaza Strip,” the military announced.
The IDF also said that Jandiya had taken part in Hamas “ceremonies” in preparation for the hostage release deals during the war.
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ISRAEL/TURKEY
relations between these two countries have never been this bad and Turkey is a NATO country?
(JerusalemPost)
‘Political systems cannot sustain it’: Turkish FM calls for sanctions on Israel, Sa’ar retaliates
“Israel is not only Turkey’s problem, and it is not only President Erdoğan’s problem,” the Turkish foreign minister said. “These people have become a burden that humanity can no longer bear.”
Turkey’s Foreign Minister Hakan Fidan speaks to the reporters at Antalya Diplomacy Forum in Antalya, Turkey, April 19, 2026(photo credit: REUTERS/UMIT BEKTAS)ByJERUSALEM POST STAFF, AMIT AVITAN, IDAN KWELLERJULY 3, 2026 08:43
Foreign Minister Gideon Sa’ar lashed out at Turkey’s Foreign Minister Hakan Fidan late Thursday night, following his comments that Israel was a “burden that humanity can no longer bear” on a TV broadcast.
In an interview with CNN Türk, Fidan sharply attacked Israel and called for sanctions to be imposed on it.
“No matter which way you look at it, there is no parameter to continue to bear these people,” Fidan exclaimed.
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“Israel is not only Turkey’s problem, and it is not only President [Recep Tayyip] Erdogan’s problem,” the Turkish foreign minister said. “These people have become a burden that humanity can no longer bear. The human conscience cannot bear it, political systems cannot sustain it, and economic systems cannot sustain it either.
“Everyone must step forward, take a diplomatic position, and impose the necessary sanctions on these people,” he added.
“Turkish FM Hakan Fidan’s sickening words are textbook incitement to genocide,” Sa’ar responded in a post on X/Twitter.
“Dehumanizing the Jewish people as an “unbearable burden” is the classic, horrific language of history’s worst eliminationist regimes. The civilized world and Turkey’s NATO allies must unequivocally condemn this explicit call for the erasure of Israel,” he added.
US views Turkey as stabilizing force, Fidan says
Earlier in the same interview, Fidan addressed his country’s relations with the US. The Turkish minister claimed that Washington was willing to lift the CAATSA sanctions previously imposed on Ankara, and that the US viewed Turkey as a key partner and a stabilizing force.
According to Fidan, the Trump administration is reassessing its foreign and security policies, as well as its relations with allies, particularly against the backdrop of competition with China.
Regarding mediation efforts in the Middle East, Fidan said that the risk of a broader escalation remained high and that efforts to stop the war amounted to a race against time.
He revealed that Turkey had maintained intensive communication channels and conveyed messages at the request of the parties, including during exchanges of fire.
The minister praised strategic cooperation with Qatar and Pakistan, adding that US President Donald Trump had thanked the three countries for their contributions to the mediation process.
END
RUSSIA VS UKRAINE
Bomber Who Targeted Ukrainian Tycoon In Monaco Identified, Manhunt Continues
Friday, Jul 03, 2026 – 07:00 AM
Update: Earlier yesterday, Monaco authorities stated that a person was taken into custody – then released – in the probe of the blast that reportedly hurt Ukrainian tycoon.
However, a few hours later, prosecutors confirmed that they had identified the suspect in the bombing.
French media has identified Vadym Iermolaiev, a construction tycoon from Dnipro in central Ukraine, his wife, and his 13-year-old son as being the victims of the explosion, which took place on the evening of June 29.
Iermolaiev – who had renounced his Ukrainian citizenship and obtained a Cyprus passport – was sanctioned by Kyiv in June 2024 for allegedly selling vodka in Russian-occupied Crimea.
In a June 29 X post, the Monaco government said, “Tonight, shortly before 9 p.m., a violent explosion linked to a booby-trapped package was heard in the Principality not far from Place des Moulins.”
“A suspect was spotted by the video surveillance system fleeing toward the municipality of Beausoleil on French territory,” it added.
Prosecutor Stephane Thibault said on June 30 that the Monaco police had opened an attempted murder investigation, adding that it was not being treated as terrorism.
“In coordination with the French authorities, we are pursuing efforts to identify and apprehend him. I hope that will happen quickly, given the resources we are deploying,” Thibault said.
Thibault said the female victim was in a life-threatening condition.
Monaco’s ruler, Prince Albert II, described the bombing as “an odious act” and said the country had mobilized all its services to ensure security.
Christophe Mirmand, minister of state for Monaco, said the victims were “returning home peacefully” when the bomb exploded, citing surveillance footage.
“They were caught in the explosion as they crossed the threshold of their apartment building,” he said.
“It appears that the family was specifically targeted.”
He said surveillance footage suggested the suspect “had walked around the area several times while waiting for the victims.”
‘Unverified Allegations’ Rejected
A public relations company, the Silver Eye Communications Agency, released a statement to Monaco Life in which it confirmed Iermolaiev was targeted but rejected media outlets’ characterization of him as an “oligarch” and “unverified allegations” printed in numerous European newspapers.
“The use of an explosive device in an attempt on a person’s life is a barbaric act that has no place in any civilized society,” Silver Eye said.
“The fact that Mr. Iermolaiev’s child was also injured makes this crime particularly shocking.
“Mr. Vadym Iermolaiev is not an oligarch. He has never held political office, never controlled strategic sectors of the Ukrainian economy, never enjoyed a monopoly in any industry and has never been part of Ukraine’s political establishment.”
Monaco is a tiny principality on the Mediterranean coast with a population of only 38,000 – many of whom are wealthy foreign nationals attracted by its minimal taxes. The country is completely surrounded by France, which also defends it militarily under the terms of a 2002 treaty.
The Monaco government said two adults and a child were taken to a hospital in the nearby French city of Nice.
Silvano Ippolito, a neighbor who lives opposite the scene of the explosion in Place des Moulins, said he saw a young boy on the ground and immediately called his wife, a doctor, who treated the boy’s badly injured mother.
“She intervened very quickly, before the emergency services arrived, to apply tourniquets and perform mouth-to-mouth resuscitation, as the woman was losing consciousness,” Ippolito said.
Suspect Caught On Camera
A photograph of the suspect, published by French media, shows a man in a black jacket, light-colored pants, and white shoes running along while trying to conceal his face with a black bucket hat.
Iermolaiev founded the Alef Group, a conglomerate involved in commercial real estate, manufacturing, and agriculture.
He was heavily involved in reshaping downtown Dnipro before the war with Russia began in 2022.
In an interview with Forbes Ukraine, Iermolaiev said he had renounced his Ukrainian citizenship and became a Cypriot citizen in 2017. Cyprus is a European Union member, allowing him to live in France or Monaco.
In April, Iermolaiev’s son Artur, 35, pleaded guilty in Estonia to fraud charges in relation to a 100 million euro ($114 million) phone call scam, and was given a suspended jail sentence, and ordered to pay an 8.5 million euro ($9.7 million) fine.
Ukrainian President Volodymyr Zelenskyy has not commented on the incident in Monaco.
Interpol Fingers Snake-Tattooed Ukrainian Woman In Monaco Oligarch Bombing
Friday, Jul 03, 2026 – 10:18 AM
Update 2:Interpol has identified 39-year-old Ukrainian woman Anastasiia Berezovska as the suspect in the Monaco bombing which targeted a Ukrainian tycoon.
In a Red Notice posted on its website, the police organization released two photos of the suspect on Friday – noting that she has a tattoo – which appears to be of a snake, on her right arm which extends from shoulder to elbow. The notice also says she has dark hair and speaks German.
The suspect was seen running away from Monaco on Monday while wearing a bucket hat, after 58-year-old oligarch Vadim Ermolaev, his mistress, Anna Nasobina, 46, and their young son were injured in the blast. The suspect captured fleeing the scene on CCTV
Monaco’s Prosecutor General, Stéphane Thibault, confirmed the suspect is living in Germany, while a senior investigating source told the Daily Mail that the woman had “attempted to look like a man” during the attack, but a witness was able to identify her.
* * *
Update: Earlier yesterday, Monaco authorities stated that a person was taken into custody – then released – in the probe of the blast that reportedly hurt Ukrainian tycoon.
However, a few hours later, prosecutors confirmed that they had identified the suspect in the bombing.
* * *
UKRAINE/RUSSIA
Ukraine Plans To Hyper-Innovate Humanoid Robot Soldiers
Friday, Jul 03, 2026 – 04:45 AM
At the start of February, we pointed out that “humanoid warfare nears” and suspected these war bots were headed for Ukraine for testing.
That hunch was confirmed by early March, after a TIME Magazine article reported that Foundation Robotics, a U.S.-based startup developing humanoid robots for industrial and military applications, had recently sent two Phantom MK1 robots to Ukraine for testing.
Mike LeBlanc, co-founder of Foundation…
The modern battlefield across western Eurasia has become the world’s AI weapons lab, where drones, autonomous systems, electronic warfare, and ground bots are being stress-tested in real time.
For any ‘war unicorn’ startup trying to validate AI-enabled killing machines, Ukraine has become the proving ground, and soldiers on the front lines will quickly tell these startups whether their products work or not – that’s the part of hyperinnovation that people aren’t seeing yet, but it is becoming visible as low-cost AI killing systems begin to spread across the world.
Last month, we were the first to debut a new video showing the Phantom MK1 robot operating a mobile light mortar system during a live-fire training exercise in Las Vegas, Nevada.
Now several Ukrainian news outlets, including United24 Media, say that Ukraine plans to launch a grant competition to develop humanoid robots for military use, part of a broader push to automate the front line and reduce battlefield risk for its troops.
Here’s more from the report:
Ukraine will launch a grant competition focused on developing humanoid robots for the needs of the Defense Forces, Brave1 head Andrii Hrytseniuk said during the Brave1 Advantage event, attended by a Militarnyi correspondent on July 2.
The main goal of the initiative is to robotize as much of the first line of contact as possible and reduce risks for Ukrainian service members.
According to Hrytseniuk, the project follows a wider global trend, as humanoid robotics is rapidly developing in the United States and China.
At the initial stage, Ukrainian developers are expected to focus on simpler platforms that can gradually receive more advanced functions.
Unlike the global civilian humanoid robot market, Ukraine’s program will focus strictly on defense needs and military use cases.
Meanwhile, CNBC finally caught up in the reporting …
With Phantom MK1 robots reportedly making their debut in Ukraine earlier this year, Foundation could be emerging as one of the leading humanoid robotics players for the modern battlefield among Western militaries.
The largest real-world human study to date evaluating ivermectin and mebendazole in cancer patients is now peer-reviewed and published in Anticancer Research—a major international oncology journal of the International Institute of Anticancer Research (IIAR), established in 1995.
In this prospective real-world clinical program evaluation, a diverse population of cancer patients (n=197) was prescribed compounded ivermectin–mebendazole, with each capsule containing 25 mg ivermectin and 250 mg mebendazole. Participants were followed for approximately six months using standardized digital surveys assessing cancer outcomes, medication adherence, and tolerability.
At approximately six months post-treatment initiation, we observed an 84.4% Clinical Benefit Ratio (CBR)—meaning more than four out of five patients reported either no evidence of disease (remission), tumor regression, or cancer stabilization.
Nearly half of all patients (48.4%) reported the strongest positive outcomes, including no evidence of disease (32.8%) or tumor regression (15.6%). An additional 36.1% reported disease stabilization, while only 15.6% reported progression.
Importantly, adherence was remarkably high, with 86.9% completing the initial prescription and 66.4% remaining on therapy at six months.
Side effects were predominantly mild and manageable, reported in 25.4% of patients (primarily gastrointestinal), with 93.6% of those experiencing side effects continuing treatment after minor dosing adjustments.
What makes these findings especially notable is that this was a heterogeneous, real-world cancer population—including patients with prostate, breast, lung, colon, liver, and many other malignancies, many of whom were also undergoing conventional therapies such as chemotherapy, radiation, and surgery.
This groundbreaking peer-reviewed publication was made possible through a unique collaboration between The Wellness Company, theMcCullough Foundation, and the Chairman of the President’s Cancer Panel—uniting real-world clinical data, frontline medical experience, and epidemiologic expertise to evaluate inexpensive, repurposed therapies with major translational potential.
The work was conducted by Nicolas Hulscher, MPH (myself); Kelly Victory, MD; James A. Thorp, MD; Drew Pinsky, MD; Alejandro Diaz-Villalobos, MD; Peter Gillooly, MSc; Foster Coulson; Melissa Annazone; Chloe Radesi; Jessica Brooks; Peter A. McCullough, MD, MPH; and Harvey Risch, MD, PhD (Chairman of the President’s Cancer Panel).
With these extraordinarily promising results, double-blind, placebo-controlled clinical trials are now required. In the meantime, many cancer patients are exercising their right to try.
“Vaccine” injury keeps making news that millions fail to see, thinking that it’s only about Trump, Trump’s crew, the Bidens, and a lot of other polsWashington is full of famous people badly sickened by their jabs, but (nearly) everyone is just as blind to it as most are to such illnesses in their own families, & among their friends & neighborsMark Crispin MillerJul 3READ IN APP Those blinded by the COVID propaganda can’t put two and two together, even when it’s happening right before their eyes. This blindness is due partly to the “politics” through which they view the world, and partly to their inability to face the awful truth about the shots they couldn’t wait to get (and that over 30 million Americans are still getting).What, if anything, can finally wake them up? If this can’t do it, maybe nothing can.News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Upgrade to paid‘Sickest Patient I’ve Ever Encountered’: Johns Hopkins Expert Warns Donald Trump Has ‘Accelerating’ DementiaJune 21, 2026Johns Hopkins psychiatrist and clinical psychologist Dr John Gartner has warnedthat US president Donald Trump is the ‘sickest patient’ he has seen in four decades of practice, telling a podcast audience that Trump shows signs of ‘accelerating’ frontotemporal dementia based on years of public observation.Gartner, a former assistant professor of psychiatry at the Johns Hopkins University School of Medicine, set out his assessment on The Daily Beast podcast. He stressed that he has never examined Trump in person and is instead drawing on a long record of broadcasts, speeches, social media posts and public appearances, comparing Trump today with the man Americans first watched enter politics in 2015. In his view, what he calls a pattern of cognitive and behavioural decline has sharpened markedly in the past few years.Gartner’s headline claim is blunt. ‘In 40 years of clinical practice and almost 30 years of teaching psychiatric residents, I’ve never encountered a patient as sick as Donald Trump,’ he said. On the same programme he argued that Trump has displayed symptoms consistent with frontotemporal dementia, or FTD, since around 2019, insisting the ‘rate of deterioration is accelerating‘ and even suggesting Trump is ‘not the same man he was four weeks ago.‘ That kind of precision has caught the attention of both supporters and critics, because it goes far beyond the usual armchair psychology that trails every modern president.Trump diagnosed with ‘chronic venous insufficiency’ after swelling: White HouseJuly 17, 2025President Donald Trump underwent medical testing after he had been seen with deep bruises on his hand and swollen legs in recent days, and was diagnosed with chronic venous insufficiency, White House press secretary Karoline Leavitt said Thursday.Leavitt said Trump noted “mild swelling in his lower legs,” which prompted the White House medical team to evaluate him. They concluded that Trump has chronic venous insufficiency — a condition in which there isn’t adequate blood flow in the veins in the legs. This can cause the blood to pool, causing swelling in the lower legs.Researcher’s note – From Brave AI: Donald Trump is fully vaccinated against COVID-19. He and his wife, Melania Trump, privately received their doses in January 2021 while he was still in office, though they did not publicly disclose this until March 2021. Trump has specifically stated that he received the Pfizer-BioNTech vaccine.Booster #1, December, 2021:Booster #2, October, 2025:Trump Admits He Got Jabbed With Multiple Vaccines That His Allies Say Are PoisonSAUL LOEB/AFP via Getty Imageshttps://futurism.com/future-society/trump-vaccinated-rfkPam Bondi diagnosed with thyroid cancer weeks after departing as Trump’s attorney general: reportMay 27, 2026Former Attorney General Pam Bondi was diagnosed with thyroid cancer shortly after departing the Department of Justice last month, according to a report. Bondi, 60, who left her role at the Justice Department in early April, underwent treatment and is recovering.Axios disclosed the health update while reporting that Bondi has been appointed by President Donald Trump to an advisory committee focused on artificial intelligence policy.Researcher’s note: On June 1, 2021, Bondi told Fox News, “I have been vaccinated [sic], that was my choice.” https://www.facebook.com/watch/?v=481463896413837Tulsi Gabbard Resigns as Intelligence Chief to Support Husband Battling Rare Bone CancerMay 22, 2026Tulsi Gabbard is stepping away to be with her husband. The Director of National Intelligence, 45, announced her resignationFriday, May 22, 2026, in a letter to President Donald Trump that she posted to social media. Effective June 30, she will step down from her role to care for her husband, Abraham Williams.“My husband, Abraham, has recently been diagnosed with an extremely rare form of bone cancer,” Gabbard wrote in the letter. “He faces major challenges in the coming weeks and months.” She added: “I must step away from public service to be by his side.”Williams, a Hawaii-based cinematographer and surfer, volunteered as a photographer on Gabbard’s 2012 congressional campaign for Hawaii’s 2nd District seat, shooting many of the images that helped introduce her to voters.The two met in person after she won the race. He is seven years younger than Gabbard and has continued to work in cinematography throughout her political career.Gabbard, a former U.S. congresswoman from Hawaii who ran for president in 2020, had served as Director of National Intelligence for 15 months at the time of Friday’s letter. Her resignation takes effect June 30, 2026, after which she said she will focus on supporting Abraham through his treatment.Researcher’s note: Abraham Williams has not publicly commented about the COVID “vaccines,” but in December 2021, Tulsi Gabbard expressed her intention to get “vaccinated” after the elderly were able to, saying, “I had planned to get the vaccine [sic] but will now stand in solidarity with our seniors by not doing so until THEY can.”Trump says chief of staff Susie Wiles has early stage breast cancer but will keep working through treatmentMarch 16, 2026White House chief of staff Susie Wiles has been diagnosed with early-stage breast cancer but will continue working during her treatment, retaining her place as one of President Donald Trump’s closest aides during a period of political turbulence. Wiles, 68, announced on Monday that she had been diagnosed over the previous week.In a social media post, Trump described Wiles as “one of the strongest people I know” and said her prognosis is “excellent.” “During the treatment period, she will be spending virtually full time at the White House, which makes me, as President, very happy!” Trump said on his Truth Social platform. “She will soon be better than ever!”It comes as the Republican president confronts mounting challenges on global and national fronts, from the war in Iran and soaring oil prices to this fall’s midterm elections and Americans’ concerns over affordability.Wiles is a longtime Trump ally who rose from his campaign co-chair to his closest adviser and counsel. She spent decades as a lobbyist and political operative in Florida and led his 2016 effort in the state.Researcher’s note – Wiles is a close friend of Big Pharma, having worked for Ballard Partners and Mercury Public Affairs, lobbyists whose clients include pesticide manufacturers, GAVI (The Vaccine Alliance), and Pfizer. She is known as a major obstacle to the substantive changes RFK, Jr wants to make at HHS: https://markcrispinmiller.substack.com/p/when-rfk-jr-was-put-in-chargeof-hhs?utm_source=publication-searchMeryl’s CHAOS letter (Critical Health Analysis and OpinionS)How It’s Done: Inserting the lobby team inside and outside the Trump administrationhttps://usrtk.org/pesticides/tracing-bayers-ties-to-power-in-trumps-washington…Read more4 months ago · 74 likes · 31 comments · Meryl NassVanessa Trump reveals she has been diagnosed with breast cancerMay 20, 2026Vanessa Trump, the ex-wife of Donald Trump Jr., and mother of five, announced Wednesday she has been diagnosed with breast cancer. “While this isn’t news anyone expects, I’m working closely with my medical team on a treatment plan,” Trump posted on Instagram Wednesday. She said she underwent a medical procedure earlier this week and asked for privacy as she focuses on her health and recovery.Vanessa Trump and the eldest son of President Donald Trump divorced in 2018 after twelve years of marriage. The two have five children together, including Kai Trump, 19, who boasts a large following on social media and is often seen with her grandfather at the White House.Joe Biden’s Sad Last Days: Ex-Prez, 83, Sparks ‘Dementia’ Fears as He Appears Confused and ‘Struggles to Walk’ at Former Veep Dick Cheney’s FuneralNovember 20, 2025Former President Joe Biden has sparked dementia fears after he appeared “confused” at ex-Vice President Dick Cheney‘s funeral in Washington, D.C., RadarOnline.com can reveal. Biden spent his 83rd birthday attending the prominent Republican’s funeral on Thursday, November 20. The ex-president, who is currently battling cancer, stiffly walked into the National Cathedral holding his wife Jill’s hand as she led him to their seats.Instead of following the former first lady down their row, Biden shuffled past her and greeted a row of guests seated behind them, including Republican Sen. Mitch McConnell and his wife, Elaine Chao. After exchanging handshakes and pleasantries, Biden returned to Jill and extended a hand to his former Vice President Kamala Harris, as former President George W. Bush and his wife, Laura, filed in next to him.Viewers took to social media to call out how disoriented Biden appeared before the service started. A critic on X remarked he looked “around like a lost, demented fool trying to figure out how to sit in his chair.” Others cruelly mocked Biden “might think it’s his funeral,” while others claimed he “didn’t know where he is.”“Am I in the casket, or do I sit here? – Joe Biden,” wrote an X user as another said, “Biden looks like he is about to clobber someone or smelling something?”Jill Biden Says Husband Joe Biden Will ‘Live with Cancer’ for the Rest of His Life as She Shares Health UpdateJune 1, 2026Former First Lady Dr. Jill Biden is sharing a health update following her husband, former President Joe Biden’s cancer diagnosis. Jill, 74, spoke about Joe’s current condition during an appearance on the Today show on Monday, June 1. In May 2025, the Bidens shared that Joe, 83, had been diagnosed with stage 4 prostate cancer.“You know, he’s doing OK,” Jill told the show’s co-host Craig Melvin. “Craig, you’ve been through this with your brother, you know how tough it is. And I think if he had just been diagnosed with prostate cancer, that’s one thing, because that can be cured, but the fact that it metastasized to his bones, that makes it a whole different story.”Ultimately, Jill said of her husband, “I think Joe will live with cancer till the rest of his life.”Jill Biden: US first lady undergoes surgery to remove cancerous skin lesionsJanuary 11, 2023US First Lady Jill Biden has undergone surgery to remove two cancerous skin lesions, the president’s doctor has said. Both were consistent with basal cell carcinoma, the most common form of skin cancer, Dr Kevin O’Connor wrote in a memo on Wednesday. All cancerous tissue was fully removed from the lesions in a procedure known as Mohs surgery, it said. Mrs Biden is “in good spirits and is feeling well”, Dr O’Connor said.Following a routine skin cancer screening earlier this month, doctors recommended that a small lesion above Mrs Biden’s right eye should be excised out of “an abundance of caution”. The Wednesday morning procedure confirmed the lesion was basal cell carcinoma(BCC). A second lesion, on the first lady’s left eyelid, and a third lesion, on the left side of her chest, were also excised. The latter had an appearance consistent with potential BCC.Former President Bill Clinton hospitalized for infection but ‘on the mend’Oct 16, 2021Former President Bill Clinton was admitted to the University of California Irvine Medical Center’s intensive care unit for a urinary tract infection that spread to his bloodstream, his doctors told CNN on Thursday.“He was admitted to the ICU for close monitoring and administered IV antibiotics and fluids. He remains at the hospital for continuous monitoring,” according to a joint statement Thursday evening from Dr. Alpesh Amin, chair of medicine at UC Irvine Medical Center, and Dr. Lisa Bardack, Clinton’s personal primary physician.According to a source familiar with the situation, the kind of antibiotic needed to treat Clinton’s type of infection has to be administered via IV and not orally, which is why he’s remaining in the hospital.Clinton, who was in California for a private event for his foundation, had been feeling fatigued on Tuesday and was admitted to the hospital after testing, according to his office. Hillary Clinton went to the event on Thursday evening to “represent both of them” and then went to the hospital to be with the former President, a Clinton spokesman told CNN.Researcher’s note – In March of 2021, Bill Clinton joined former presidents Carter, Obama, and George W. Bush in a video promoting COVID vaccination [sic]. In December of 2022, Bill Clinton confirmed that he was vaccinated [sic] and boosted.https://www.breitbart.com/politics/2021/03/11/watch-obama-bush-clinton-and-carter-team-up-for-coronavirus-vaccine-promotion/?utm_source=chatgpt.comhttps://www.cbsnews.com/news/bill-clinton-covid-former-president-says-mild-case-thanks-to-vaccine/?utm_source=chatgpt.comMaryland U.S. Rep. Jamie Raskin announces he has lymphomaDec 29, 2022Savage, Md. — U.S. Rep. Jamie Raskin, who rose to national prominence through his work on the Jan. 6 committee and as House Democrats twice impeached former President Donald Trump, announced Wednesday he’s going through his own personal trial: He’s battling cancer. The Democrat representing Maryland’s 8th District announced a series of tests found he has diffuse large B-cell lymphoma, but that his prognosis is good.Raskin said he’s about to begin four months of treatment and he intends to keep working throughout. Dr. Aaron Rapoport, an oncologist who is the director of transplant and cellular therapy at the University of Maryland Marlene and Stewart Greenebaum Comprehensive Cancer Center, said this type of cancer needs to be treated right away.“Those aggressive, diffuse large B-cell lymphomas, which is what Congressman Raskin has and also what the governor had, those are on the more aggressive side of the spectrum and do require urgent treatment,” Rapoport said. Even so, of the roughly 50,000 new cases in the U.S. each year, response to treatment can be good.“The likelihood of achieving a complete response with initial treatment is well above 80%, even for aggressive lymphoma. And, the majority of patients who have a complete response stay in remission long term,” Rapoport said.In his statement, Raskin said: “After several days of tests, I have been diagnosed with Diffuse Large B Cell Lymphoma, which is a serious but curable form of cancer. I am about to embark on a course of chemo-immunotherapy on an outpatient basis at MedStar Georgetown University Hospital and Lombardi Comprehensive Cancer Center. Prognosis for most people in my situation is excellent after four months of treatment.”Raskin’s work in Congress now includes a big, new role as the ranking member of the House Oversight Committee. He was sworn into his third term at the start of the 117th Congress in 2021.Researcher’s note – Rep Raskin strongly promoted the COVID “vaccines,” saying he felt “reborn” after getting the shot. And he was boosted, as he confirmed in a statement on March 1, 2022.https://raskin.house.gov/2020/12/raskin-i-felt-reborn-after-getting-covid-vaccine?utm_source=chatgpt.comRaskin Statement on Breakthrough Case of COVID-19 | Press Releases | Congressman Jamie RaskinAlso, Rep. Raskin opposed to investigating “vaccine” injuries, calling a proposed Florida grand jury an “Orwellian” development: https://www.yahoo.com/news/de-santis-blasted-for-orwellian-vaccine-investigation-142726510.htmlSen. Fetterman hospitalized in Pittsburgh after falling, his of
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DR PAUL ALEXANDER
RABOBANK/MICHAEL EVERY/OR OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL AND NATURAL GAS//ENERGY COMMENTARIES
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUE
CANADA\
Canada Was A Liberal Paradise… Until The Liberals Took Over
This was a country that used to punch above its weight across all key metrics and in a large part, did so espousing classical liberal values.
Multiculturalism here was both uncontroversial and functional. People came from everywhere, integrated, and got on with building lives, businesses and contributing to that overall ethos Canadian culture.
Minority rights and gender equality stopped being fights and became defaults.
Ontario, the most populous province, ran one of the cleanest grids on the continent for half a century on the back of CANDU, a reactor we designed ourselves. Peaceful, homegrown, zero-carbon, clean energy, and nobody lost any sleep over it. In fact, most people probably weren’t even aware of that.
By every classical liberal measure that actually mattered, Canada was a success story that inspired the rest of the world.
I want to be precise about the word “liberal”. The small-l, “classic” version meant open markets, open minds, equal treatment, and a state clueful enough to stay out of the way. That Canada earned its stature honestly.
Then, in 2015, the big-L Liberals took over the small-l idea. They have spent a decade undertaking what looks like something between a “controlled demolition” and act of subversion.
Start with energy, our single largest missed opportunity
We can’t build pipelines. A country sitting on one of the largest energy endowments on earth cannot get its own product to its own coast or even to its own citizens. In 2017 the Trudeau government changed the rules and moved the goalposts on the Energy East pipeline which resulted in its cancellation.
Canada is sitting on the fourth largest oil reserves on earth, after other political temperate zones: Venezuela, Saudi Arabia and Iran, and we import between 500K – 600K barrels per day, nearly all of it, from the United States (“Elbows Up!”)
When Germany came knocking in 2022, Chancellor Scholz flew here and asked, practically begged, for us to sell them natural gas. Russia has just invaded Ukraine, and that put the Germans (which had wisely demolished their own nuclear power grid) into an awkward spot of having to buy energy from Putin.
Our answer? There has “never been a strong business case.” Maybe we could interest the Germans in some solar panels and windmills. They went and signed a fifteen-year deal with Qatar instead. Qatar. Not exactly a human-rights exemplar, especially during Pride Month.
We did eventually sign an LNG deal with Germany, off the West Coast, in May of this year. Four years late, for volumes that would have looked modest in 2022. Better than nothing. Slower than everything.
None of this was an accident of incompetence. It was ideology. A decade of WEF-flavoured talking points, degrowth dressed up as climate virtue, and a governing instinct that treated Canadian resource wealth as something to apologize for.
Ottawa’s own reports spelled out the anti-capitalist drift in black and white (Bombthrower covered one here). When the environment file is handed to a former Greenpeace activist pinned to the far left of the spectrum, the pipeline math and the LNG math and the nuclear math all start to make a grim kind of sense.
Speaking of nuclear. The recent strategy was supposed to prove we still build things. “10 New Nuclear Reactors!” Oh boy.
Read past the headline. The plan is:
two reactors under construction …by 2035, and
five more “planned” (or “under development”) by… (checks notes)… 2040.
Planned. Under development. Unserious.
Meanwhile…. over in China, they’re projecting roughly 200 gigawatts of total capacity, which means about 100 new reactors, finished and powered-on by 2040. They finish a reactor in about five years, and they a couple dozen under construction simultaneously. We are going to have started two.
We invented the CANDU. We are now a rounding error in the industry we helped create.
On Indigenous affairs, honesty requires two things at once
Most people can only manage one.
The first is that the historical record is genuinely damning. Broken treaties. Mishandled reserves. The residential schools. Generational neglect. Like slavery in the United States and elsewhere across the world, our treatment of First Nations casts a long shadow, and pretending otherwise isn’t helpful.
The second is that none of us alive today built that system. Nobody alive today bears any culpability for it. How could we?
The dichotomy between responsibility and duty was always so cogently captured in a lecture I remember in college, given by the late Jack Richardson: the great Canadian producer. I remember it well, but I’ll paraphrase:
“When you’re the producer on a record, your job is to deliver the master to the label – full stop.
Anything that gets in the way of that: the bass player dies of a heroin overdose, somebody burned the studio down, the lead singer’s wife left him and now he’s out on a ledge…
…all kinds of things can go wrong and none of them may actually your fault, but every single one of them is your problem.
You have to deliver the fucking record. That’s on you“.
That is exactly where reconciliation should sit. Something we did not cause and still have to remedy… somehow.
But nothing that we do are actual remedies.
Instead of the hard, unglamorous business of clean water, functioning services and honoured agreements, we got theatre: Never-ending land acknowledgements read off laminated cards. Streets renamed, it seems deliberately, to incomprehensible text strings. Empty gestures that move no needle on any stated goal and instead breed the exact resentment they claim to be healing.
A growing share of the public has stopped seeing any of this as a lingering injustice to be addressed but now views it as a permanent guilt-management industry to tune out.
The elephant in the room: Immigration
Immigration was our masterpiece.
For decades we skimmed the cream of the planet. Skilled, educated, motivated people from every culture and country, selected through a points system that drilled down on simple KPI: can you come here, integrate, and build something? Successful applicants kept their heritage, celebrated it, added it to the mix, …and got to work.
We took people on humanitarian grounds too, generously so, but never more than we could economically and culturally absorb.
That gave us extraordinary dynamism. Entrepreneurs and investors who arrived with nothing and hit it out of the park. Chamath Palihapitiya came as a refugee from Sri Lanka and became one of the most influential venture investors of his generation.
Prem Watsa came from India and built Fairfax into a company that earned him the “Canadian Warren Buffett” tag honestly.
Legends, both. We could use as many of those as the world will send us.
Then we changed the filter.
The points system asked whether you could succeed here. The volume model, switched on after (guess when?) 2015, asked almost nothing. The targets stopped being calibrated to housing, services, and absorption capacity, and got calibrated to two different things instead: cheap imported labour for the mega-employers who lobbied for it, and a river of tuition to turn colleges into degree farms selling permanent residency with a diploma stapled to it.
The numbers got loud. Population grew faster in 2023 than in any year since the 1950s, almost entirely through immigration, into a housing market that was already broken. We’ve all seen the graph, I don’t need to repost it. By 2024 Ottawa was admitting north of 480,000 permanent residents a year, with temporary-resident inflows stacked on top that pushed the real figure far higher.
Then, even the Capital-L Liberals blinked. In late 2024 they slashed the targets and Justin Trudeau conceded, in his own words, that they “didn’t get the balance quite right.” Permanent-resident targets came down to 395,000 for 2025 and 380,000 for 2026, with brutal cuts to international students. Mark Carney, having replaced him, kept the lower numbers. Governments do not reverse that hard, that fast, on policies that are working.
Here is the part that gets people shouted down for raising, so let me be clear here:
This is a screening argument, and nothing else.
When you select immigrants, you screen. At least you’re supposed to.
Skills, language, education, and yes, background. When you stop selecting and simply move volume, you stop screening, and you get the entire Bell-curve of humanity – and quite possibly the wrong tail of it. That includes people from low-trust societies who carry their grievances and factional conflicts across the border with them, and it includes the criminal minority that any large, unvetted inflow will contain.
Ethnicity is beside the point here. The removed filter is the entire point.
The failure compounds when institutions respond to the predictable problems by looking away or dismissing credible criticisms as racism. When a serious crime involving a recent arrival gets softened in the media coverage, or when the judge sentencing a convicted violent criminal dials back the penalties in order to avoid deportation, ordinary people notice. They are not stupid.
People start rumbling about “two-tier” justice systems and “immigration discounts” for criminals, and they are correct.
True story: Racism in Canada had been all but eradicated.
This is reason I bothered writing any of this. Because it’s Canada Day. And I see too many reactions to what has happened in this country get boiled down to the lowest-IQ filter that exists: racism.
For what now seems like a bygone Golden Age, racism in this country was basically over.
Structural racism had been excised from the systems and institutions while garden variety cultural racism was confined to relatively few fringe dwellers. Every few families had one of those Archie Bunker type uncles and nobody really took them seriously.
The overwhelming majority of Canadians, born here and immigrants alike, simply did not organize their lives around skin colour. That was the win. That was paradise. We had it.
Some may say we always sorted ourselves, that Little Italy and Little India prove it (“Checkmate, multiculturists!”). They actually prove the opposite. Ethnic neighbourhoods are on-ramps: the first generation clusters for the food and the familiarity, the second scatters to the suburbs and marries out (including inter-marriage with other groups); and the whole thing runs on choice and empties itself by design. A bakery on a corner is culture. A hiring rule keyed to race is policy. The paradise ran on the former and its destruction happens on the latter.
Look at where a decade of dismantling this has left us.
For starters, racism is back from both sides, with a twist:
Structural racism came back, only this time wearing progressive branding. Job postings openly signal racial and other identity preferences. Criminal sentencing now weighs a defendant’s race, background and immigration status. A system that largely made race irrelevant has spent the last decade making it central again, then acts astonished at the reaction.
And because of that reaction cultural racism is now, also back with a vengeance. Resentment festers among perfectly normal people, including fully integrated immigrants from the earlier waves who did everything right and now watch the standard collapse behind them. That Archie-Bunker racism, the crude ambient kind we had mostly shamed out of public life, is back and being said out loud. Grassroots organizations that used to sit at the crank-fringe are growing past it. Social media runs on lowest-common-denominator rage bait, and a lot of it is now straight-up racist.
We spent forty years turning down the temperature on race in this country and it worked. Then, in the name of turning it down further, we cranked it al the way back up.
The title isn’t a joke, it’s the truth.
A classically liberal paradise is precisely what we built. Open, tolerant, prosperous, boringly functional, (“peace, order, good government”) the envy of people who had to flee places that were none of those things. The small-l achievement was real, and it was ours.
The big-L party inherited it, mistook the inheritance for a mandate to undertake a mass civilizational social engineering project, and spent a decade trading competence for platitudes, energy for symbolism, selection for volume, and hard-won racial peace for a fresh cycle of division marketed as inclusivity.
We had this one in the bag.
Now, not so much.
Happy Canada Day.
If you’re a net-producer, high agency Canadian interested in joining a like-minded group for the politically homeless in Canada, check out Ready.ca
END
U.S./GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS FRIDAY MORNING 6;30AM//OPENING AND CLOSING
OPENING LEVELS OF CURRENCIES// AND CLOSING ASIAN STOCK MARKET AND OPENING EUROPEAN STOCKS:6 AM EST
EURO VS USA DOLLAR: 1.1455 UP 0.0032
USA/ YEN 161.07 DOWN 0.384 NOW TARGETS INTEREST RATE AT 1.75% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS AGAIN DEC 2024/Bank of Japan raises rates by .25% TO 1.75 ..TAKAICHI NEW PM AS YIELDS RISE//JAPAN DEEPLY IN TROUBLE WITH RISING RATES AND A FALLING YEN!!
GBP/USA 1.3362 UP 0.0023 OR 23 BASIS PTS
USA/CAN DOLLAR: 1.4187 DOWN 0.0004 //CDN DOLLAR UP 4 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED UP 14.74 PTS OR 0.35%
Hang Seng CLOSED UP 295.01 PTS OR 1.28%
AUSTRALIA CLOSED UP 0.26%
// EUROPEAN BOURSE: ALL MIXED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MIXED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 295.01 PTS OR 1.28%
/SHANGHAI CLOSED UP 14.74 PTS OR 0.35%
AUSTRALIA BOURSE CLOSED UP 0.26%
(Nikkei (Japan) CLOSED UP 1052.00 PTS OR 1.55%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: $4085.80
silver:$62.36
USA DOLLAR VS TRY (TURKISH LIRA): 46.81 PLUS 11 BASIS PTS AND NOW WE SEE THEIR STUPIDITY OF SELLING SOME OF THEIR GOLD AND ALL OF THEIR USA DOLLAR RESERVES. THE COUNTRY IS IN BIG FINANCIAL TROUBLE
USA DOLLAR VS RUSSIAN ROUBLE: 77.31 ROUBLE// UP 0 ROUBLE AND 19 BASIS PTS. WOULD YOU BELIEVE THAT THE RUSSIAN ROUBLE AND THE ISRAEL SHEKEL ARE THE STRONGEST CURRENCIES BESIDES THE DOLLAR .
UK 10 YR BOND YIELD: 4.8020 DOWN 2 BASIS PTS
UK 30 YR BOND YIELD: 5.536 DOWN 2 BASIS PTS
CDN 10 YR BOND YIELD: 3.445 UP 0 BASIS PTS
CDN 5 YR BOND YIELD; 3.056 DOWN 1 BASIS PTS
USA dollar index early FRIDAY MORNING: 100.50 DOWN 12 BASIS POINTS FROM THURSDAY’s CLOSE
FRIDAY MORNING NUMBERS ENDS
And now your closing FRIDAY NUMBERS 10.00 AM
Portuguese 10 year bond yield: 3.317% UP 1 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.768% DOWN 1 FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 4.026 DOWN 1 BASIS PTS//
SPANISH 10 YR BOND YIELD: 3.422 UP 2 in basis points yield
ITALY 10 YR BOND: 3.721 UP 2 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (
GERMAN 10 YR BOND YIELD: 2.9317 UP 2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/10:00 AM
Euro/USA 1.1447 UP 0.0025 OR 25 basis points
USA/Japan: 161.16 DOWN 0.292 OR YEN IS UP 29 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 4.8009 UP 2 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.534 UP 1 BASIS POINTS.
H2’26 Starts With Momo Meltdown But Bonds, Bitcoin, & Bullion Bid On Weak Jobs
WRAP UP;
USA DATA RELEASES//JOB REPORT
USA ECONOMIC REPORTS
World’s Largest Data Center Campus On Verge Of Collapse After Blackstone Unexpectedly Pulls Out
Thursday, Jul 02, 2026 – 05:20 PM
Up until now, when it comes to real estate, Blackstone was best known in recent years for dumping many of its trophy office properties – which in the aftermath of work from home never recovered their projected cash flow potential – at a huge discount. Now, it may be pulling a page from its old, pre-Lehman playbook by calling the top in yet another commercial real estate segment: data centers.
Two days ago we reported that Blackstone was selling its stakes in a trio of data centers across Northern Virginia for $3.5 billion, cashing out of part of a bet it made less than three years ago. According to Bloomberg, Digital Realty Trust would pay $1.2 billion of cash and offer $2.3 billion of its shares (which the PE giant has largely cashed in by now) to Blackstone funds; in exchange, the data center company will acquire Blackstone’s 80% interest in two 96-megawatt data centers in Manassas, Virginia, and a 50% interest in a 96-megawatt center in nearby Sterling.
We said that “the question is why did Blackstone decide to pull the cord now, just as fresh doubts are creeping whether the Mag 7s will continue funding the AI expansion with virtually unlimited capex.“
Two days later we have an answer.
The digital ink is barely dry on its Virginia data center sales, and we learn that Blackstone’s QTS (QTS Realty Trust) is again quietly fading its AI exposure by walking away from plans to build its portion (which at this point is the only portion left after its partner already pulled out days ago) of a 2,100-acre data center campus in Virginia – also known as Prince William Digital Gateway which would house as many as 37 data-center buildings – handing a win to residents who fought for years to topple the project.
The data center developer had planned to transform more than 800 acres in Northern Virginia’s Prince William County, a project that would have spanned 22 million square feet, making it the largest data center campus in the world. Located on the edge of an historic Civil War battlefield and on what used to be land protected from development, the project ignited strong pushback from homeowners and has been stalled by lawsuits.
As part of Wall Street’s broader push into data centers, investment has poured into Northern Virginia, which is considered the country’s largest data center market, and is better known as “Data Center Alley”
But in a strategic U-turn, in recent days QTS executives decided that it isn’t worth pressing forward in court, the Bloomberg sources said. The firm’s attorneys plan to inform the court of their decision as soon as this week, the people said, asking not to be named discussing non-public information.
QTS’s rapid growth has made it a poster child of how private equity has fueled the data center industry’s breakneck expansion. Those ambitions are colliding with public anxiety over strains to electricity grids and home prices from AI data centers.
The retreat may be the final blow to Virginia’s “Digital Gateway” project, a mega site roughly twice the size of New York’s Central Park with city-sized power needs. The initiative was supposed to bring in some $100 billion in spending and create one of the world’s largest technology corridors. Not any more.
The project had sparked contentious, drawn-out public hearings. A clerical blunder related to a key zoning meeting created setbacks for developers. Already, Brookfield-backed Compass Datacenters, which was supposed to build on more than 800 acres at the site, had pulled out in May.
The U-turns by both firms, Bloomberg writes, amount to one of the most dramatic retreats by developers from a data center project.
It’s a reminder of how tech firms’ race for the computing infrastructure to support AI advances is increasingly facing the same bottlenecks, from power shortages to supply crunches, we have been warning about for the past two years and which Citadel warned about most recently.
Organized opposition is mounting, forcing firms and developers to be more deliberate about where they choose to build. This is precisely what we warned one year ago would happen as more grassroots organizations pushed back against the relentless data center rollout. At least we haven’t gotten to the arson stage (yet).
To account for the costs of such build outs, Virginia recently passed a budget with an energy consumption tax on data centers, and more states are threatening moratoriums on new development. Data centers – and how their costs and benefits are shared – are now emerging a major swing issue in the lead up to the US midterm elections. These hurdles raise questions for investors over whether the AI build out can keep going at this pace.
For community organizers and residents that spent the last five years opposing the Digital Gateway, QTS’s pullout will now validate a playbook that involved pressure campaigns on local politicians and legal attacks. It will also unleash even more powerful blowback nationwide against these unwanted developments.
As Bloomberg recalls, hundreds of proponents and critics showed up at a 27-hour zoning hearing in 2023 to lobby authorities on the project. After county officials narrowly voted to approve the conversion of agricultural and semi-rural land for data centers, community organizers and residents pursued lawsuits.
The outcome of the meeting – and whether the county properly advertised the event – was at the center of legal challenges. The lawsuits hinged on one detail: The first two newspaper notices publicizing the hearing weren’t separated by at least six days, as state and local codes required at that time. While it is unclear if Blackstone agents had tried to “grease” the zoning board’s palms to quietly fast-track the data center, in the end the outcome was catastrophic to the builders.
In March, Virginia courts upheld an earlier ruling that the zoning approvals were invalid because the public notices for the meeting fell short of rules.
“While we still believe this project offered significant benefits for the region and our neighbors, recent legal actions and compounding regulatory hurdles have effectively closed a viable path forward,” Compass Datacenters President AJ Byers said in a statement following the ruling.
After Compass bailed on the project, that left QTS as the lone developer. It was the only party that petitioned for an appeal of the case in Virginia’s Supreme Court.
Originally, the firm’s executives were concerned about the prospect of setting a legal precedent on the back of an administrative oversight. After Compass’s retreat, QTS lost a partner who would share the costs of upgrading various utilities needed for the massive developments, said one of the people familiar with the matter. QTS decided it was not worth proceeding with the project.
Blackstone, which acquired QTS in 2021, is a major financier of data centers, with a portfolio of more than $150 billion of such assets around the world.
The increasingly bitter political and grassroots pushback against new data center construction explains why Blackstone has been getting cold feet just as the AI bubble is peaking, first selling existing data centers and now walking away from upcoming projects. A recent Gallup poll found that 7 in 10 Americans oppose constructing data centers for artificial intelligence in their local area, including nearly half, 48%, who are strongly opposed. Barely a quarter favor these projects, with 7% strongly in favor.
Half of opponents mention data centers’ excessive use of resources, including 18% each mentioning their use of water and energy. Sixteen percent mention a related environmental concern of pollution, including noise pollution and air and water pollution.
About one in five opponents are concerned with the impact on local quality of life, including increased population, increased traffic and preferring that the land be used for other purposes. A similar share mention potentially negative economic consequences, including higher utility bills, cost-of-living increases, and the cost of building the data centers (which could involve the use of taxpayer funds).
Most of the remaining opposition stems from general or specific concerns about artificial intelligence.
Blackstone, which manages more than $1.3 trillion, bills itself as the largest global provider of data centers, and also owns some of the utilities that power them. It acquired QTS in 2021 and bought Australian computing provider AirTrunk in 2024. In May, the firm held an initial public offering for Blackstone Digital Infrastructure Trust Inc., its data center acquisition vehicle, which aims to buy already built and leased properties benefiting from the artificial intelligence boom.
And now that the protest movement knows how to push back against uninvited Wall Street occupants, thanks to the BlackStone capitulation, expect an exponential increase in legal (and other) attempts to hinder the rollout of data centers across the US, assuring that the AI supercycle, which is already years behind schedule with just half of the data centers meant to be built in progress and on time, will expect to see an avalanche of delays and cancellations assuring that the return on debt-funded capex will be even less as eventual launch dates gradually move ever further into the unknown future.
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Ex-CIA Chief John Brennan Sues Trump, Admin Officials Over Allegedly Vindictive Investigations
While the Justice Department hadn’t formally brought an indictment against Brennan, his lawsuit noted that it had undertaken grand jury investigations in recent months. He accused prosecutors of abusing their authority and said there was reason to believe the administration wasn’t preserving records as required under law.
Brennan said the judge’s order was necessary to preserve his constitutional rights and evidence that he could use to prove vindictiveness in a would-be prosecution.
“This Administration has adopted a policy of using criminal process and prosecution to punish the President’s perceived adversaries,” Brennan’s legal team wrote in the court filing.
“It is against this backdrop that former Director of the Central Intelligence Agency, John O. Brennan … is being vindictively singled out for investigation and prosecution.”
The lawsuit filed by Brennan’s legal team on Wednesday names President Donald Trump, acting Attorney General Todd Blanche, FBI Director Kash Patel, CIA Director John Ratcliffe, White House chief of staff Susie Wiles, and other government officials as defendants.
A Justice Department spokesperson told The Epoch Times, “While we cannot comment on the existence, or lack thereof, of an investigation, it is certainly rich that John Brennan is accusing anyone of a ‘retribution campaign.'”
Brennan’s lawsuit focused on two investigations. One centered on an alleged conspiracy to deprive Trump of his rights by probing alleged Russian interference. Another was related to statements he made to Congress regarding an intelligence community assessment of Russian influence during the election.
Brennan’s legal team said Justice Department officials have “taken steps that clearly violate well-established norms and limitations on prosecutorial conduct” as part of the Trump administration’s investigations.
“Those overreaching actions have violated Director Brennan’s constitutional rights and will serve as the basis for challenges to any resulting charges, including motions to dismiss any indictment on the grounds that it is the result of selective and vindictive prosecution,” they wrote.
The lawsuit noted that the examination of prosecutors’ emails, texts, and other communications would allow the courts to determine if decisions were based on legitimate law enforcement concerns or an effort to “selectively” and “vindictively” prosecute the former CIA director.
“There is a very real risk, however, that some of these materials and communications will no longer exist by the time any such challenges are filed and the court hears them,” the lawsuit stated.
Brennan’s legal team cited technology changes that it said do not ensure the routine preservation of communications and “ample evidence in the public record” of Trump administration officials failing to meet legal obligations to preserve records as the two reasons for its concern.
The lawsuit said the Trump administration is obligated to preserve records and evidence that would be relevant in a potential challenge if Brennan were indicted. Brennan’s legal team pointed to both the Presidential Records Act and the Federal Records Act as regulations covering many of the communications and materials involved in the two investigations.
Brennan was previously referred for criminal prosecution by the House Judiciary Committee over his connection with an investigation that was launched in 2016 into suspected Russian influence on Trump’s presidential campaign. Rep. Jim Jordan (R-Ohio), chairman of the House Judiciary Committee, said in October 2025 that Brennan allegedly “knowingly made false statements during his transcribed interview” in May 2023 and that his testimony on the 2016 investigation into Trump included “numerous willfully and intentionally false statements of material fact.”
In the House Judiciary Committee’s criminal referral, Jordan wrote, “Brennan falsely denied that the CIA relied on the discredited Steele dossier in drafting the post-election Intelligence Community Assessment.”
Brennan previously accused the Trump administration in December of attempting to judge shop, a practice used to file a lawsuit in a court with a judge likely to give a favorable ruling. The former CIA director asked U.S. Chief Judge Cecilia Altonaga of the Southern District of Florida to prevent U.S. District Judge Aileen Cannon, who dismissed the classified documents case against Trump in 2024, from being involved in future proceedings.
END
Feds Nab Alleged Member Of “Sprawling” Cuban Communist Subversion Network Linked To Hasan Piker’s Havana Trip
Thursday, Jul 02, 2026 – 06:00 PM
Readers have been well ahead of both the federal government and the mainstream news cycle in asking whether there is a “Cuba connection“ behind the radicalization of the Democratic Party and its aligned billionaire-funded nonprofit universe.
What was once dismissed as speculation is now beginning to look more like a foreign influence operation, one tied to an alarming rise of anti-American socialist networks that openly seek to dismantle capitalism and the American way of life.
Even mainstream Democrats are now sounding alarms over the socialists hijacking their party. Meanwhile, the federal government appears to be putting more pieces of the complex puzzle together, only now recognizing that some of these radical networks may be connected to foreign influence campaigns aimed at subverting the country from within.
On Wednesday, the State Department revealed that the three Cuban nationals were detained by federal agents after Secretary of State Marco Rubio terminated their legal status.
Carlos Antonio Lloga Dominguez, his wife, and his son are now in federal custody pending removal, according to the press release.
The department accused Lloga Dominguez of spending more than a decade working for the Cuban Institute of Friendship with the Peoples, or ICAP, which Washington describes as Cuba’s top influence and intelligence front group in the U.S.
And where have we heard ICAP before? Let’s revisit our December 2025 note in which we pointed out:
According to a defected Cuban intelligence officer and corroborating intelligence reporting, legacy Castro-aligned groups such as the Venceremos Brigade and the National Lawyers Guild have been controlled by Cuba’s Dirección General de Inteligencia (DGI) since at least the 1980s. That influence is exerted through ICAP (the Cuban Institute for Friendship with the Peoples).
ICAP is an official Cuban government organization, founded in 1960, that promotes international solidarity and cultural exchange. On paper, it organizes delegations, volunteer brigades, educational tours, and international conferences that oppose U.S. sanctions and support Cuba’s political system. It appears benign – almost quaint.
But declassified CIA documents dating back to the Cold War describe a consistent operational method: foreign recruits were brought to Cuba for training in intelligence tradecraft or guerrilla sabotage and were received by DGI officers posing as ICAP officials. ICAP functioned as the intake valve – political cover for intelligence operations designed to cultivate long-term assets rather than short-term spies.
What exists today is not a single organization but a complex ecosystem.
ICAP sits at the center, functioning as a coordinating hub. Orbiting it is the National Network on Cuba (NNOC), a deliberately loose coalition that links 77 organizations of activists, nonprofits, and campaigns while minimizing legal exposure or clear command structures. The National Lawyers Guild serves as the lawfare and agitation arm, training protesters, facilitating delegations, and litigating against U.S. institutions under the guise of civil rights.
Funding and infrastructure come from the Neville Roy Singham Network, a web of organizations tied to Chinese Communist Party-aligned capital that provides money, logistics, and professionalized organizing capacity. Public narratives are amplified by legacy anti-war organizations like CODEPINK and the ANSWER Coalition, which are also now under the Singham umbrella. They frame U.S. foreign policy as illegitimate while defending authoritarian adversaries. The Democratic Socialists of America (DSA) functions as the political activation channel, translating activist energy into electoral and legislative influence on behalf of the Cuban regime.
Last month, Rubio sanctioned ICAP under Executive Order 14404, calling it a central node in a Cuban intel and influence network that claims links to more than 2,000 organizations across 150 countries.
The State Department said ICAP has maintained close ties to Cuban intelligence, noting that its current president, Fernando González Llort, was convicted in the U.S. for his role in the Wasp Network, a Cuban spy ring uncovered in Florida in the late 1990s.
Bloomberg noted that Lloga Dominguez was one of the individuals who brought far-left streamer Hasan Piker and parts of the Neville Roy Singham Network on a recent trip to Cuba.
It should be noted that Piker, the unofficial spokesperson for the DSA, has told millions of his followers “to kill capitalists. Let the streets soak in their fucking red capitalist blood.”
Alongside its Cuba focus, the Trump administration is also investigating China-based billionaire and self-described Marxist Neville Roy Singham over allegations that his NGO networks have helped sow chaos and propel far-left, anti-American movements across the U.S.
Earlier this week, U.S. Attorney Jay Clayton for the Southern District of New York, authorized by Acting Attorney General Todd Blanche, launched an investigation into whether Singham, NGOs he funded, or their leaders committed wire fraud, bank fraud, money laundering, or other financial crimes.
What is becoming increasingly obvious is that the pieces of the puzzle are coming together very quickly, giving readers a rough framework for understanding why the radical left has become so radical and why its rhetoric often sounds as if it were not organically born in the U.S.
That is because these movements may be operating within or adjacent to foreign influence networks with one main objective, as the DSA itself lays out: the destruction of the US.
With Democrats increasingly alarmed that socialists and Marxists are hijacking their party, Republicans may now have a simple and highly recognizable target: communism. For the first time in decades, the GOP has a message that can cut across partisan lines, because most Americans, regardless of political affiliation, still broadly understand one thing: communism is bad.
GREG HUNTER….
HAVE A WONDERFUL 4TH OF JULY HOLIDAY WEEKEND TO ALL OUR AMERICAN FRIENDS
Investigators examine the scene of a bombing—which injured three people—in Monaco on June 30, 2026. Philippe Magoni/AP
A view of the residential building where an explosive device seriously injured Vadym Iermolaiev, his wife, and his son, in Monaco, on June 30, 2026. Philippe Magoni/AP
The suspect captured fleeing the scene on CCTV
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Those blinded by the COVID propaganda can’t put two and two together, even when it’s happening right before their eyes. This blindness is due partly to the “politics” through which they view the world, and partly to their inability to face the awful truth about the shots they couldn’t wait to get (and that over 30 million Americans are still getting).What, if anything, can finally wake them up? If this can’t do it, maybe nothing can.News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Upgrade to paid‘Sickest Patient I’ve Ever Encountered’: Johns Hopkins Expert Warns Donald Trump Has ‘Accelerating’ DementiaJune 21, 2026
Johns Hopkins psychiatrist and clinical psychologist Dr John Gartner has warned that US president Donald Trump is the ‘sickest patient’ he has seen in four decades of practice, telling a podcast audience that Trump shows signs of ‘accelerating’ frontotemporal dementia based on years of public observation.Gartner, a former assistant professor of psychiatry at the Johns Hopkins University School of Medicine, set out his assessment on The Daily Beast podcast. He stressed that he has never examined Trump in person and is instead drawing on a long record of broadcasts, speeches, social media posts and public appearances, comparing Trump today with the man Americans first watched enter politics in 2015. In his view, what he calls a pattern of cognitive and behavioural decline has sharpened markedly in the past few years.Gartner’s headline claim is blunt. ‘In 40 years of clinical practice and almost 30 years of teaching psychiatric residents, I’ve never encountered a patient as sick as Donald Trump,’ he said. On the same programme he argued that Trump has displayed symptoms consistent with frontotemporal dementia, or FTD, since around 2019, insisting the ‘rate of deterioration is accelerating‘ and even suggesting Trump is ‘not the same man he was four weeks ago.‘ That kind of precision has caught the attention of both supporters and critics, because it goes far beyond the usual armchair psychology that trails every modern president.Trump diagnosed with ‘chronic venous insufficiency’ after swelling: White HouseJuly 17, 2025
President Donald Trump underwent medical testing after he had been seen with deep bruises on his hand and swollen legs in recent days, and was diagnosed with chronic venous insufficiency, White House press secretary Karoline Leavitt said Thursday.Leavitt said Trump noted “mild swelling in his lower legs,” which prompted the White House medical team to evaluate him. They concluded that Trump has chronic venous insufficiency — a condition in which there isn’t adequate blood flow in the veins in the legs. This can cause the blood to pool, causing swelling in the lower legs.Researcher’s note – From Brave AI: Donald Trump is fully vaccinated against COVID-19. He and his wife, Melania Trump, privately received their doses in January 2021 while he was still in office, though they did not publicly disclose this until March 2021. Trump has specifically stated that he received the Pfizer-BioNTech vaccine.Booster #1, December, 2021:
Booster #2, October, 2025:Trump Admits He Got Jabbed With Multiple Vaccines That His Allies Say Are Poison
SAUL LOEB/AFP via Getty Imageshttps://futurism.com/future-society/trump-vaccinated-rfkPam Bondi diagnosed with thyroid cancer weeks after departing as Trump’s attorney general: reportMay 27, 2026
Former Attorney General Pam Bondi was diagnosed with thyroid cancer shortly after departing the Department of Justice last month, according to a report. Bondi, 60, who left her role at the Justice Department in early April, underwent treatment and is recovering.Axios disclosed the health update while reporting that Bondi has been appointed by President Donald Trump to an advisory committee focused on artificial intelligence policy.Researcher’s note: On June 1, 2021, Bondi told Fox News, “I have been vaccinated [sic], that was my choice.” https://www.facebook.com/watch/?v=481463896413837Tulsi Gabbard Resigns as Intelligence Chief to Support Husband Battling Rare Bone CancerMay 22, 2026
Tulsi Gabbard is stepping away to be with her husband. The Director of National Intelligence, 45, announced her resignationFriday, May 22, 2026, in a letter to President Donald Trump that she posted to social media. Effective June 30, she will step down from her role to care for her husband, Abraham Williams.“My husband, Abraham, has recently been diagnosed with an extremely rare form of bone cancer,” Gabbard wrote in the letter. “He faces major challenges in the coming weeks and months.” She added: “I must step away from public service to be by his side.”Williams, a Hawaii-based cinematographer and surfer, volunteered as a photographer on Gabbard’s 2012 congressional campaign for Hawaii’s 2nd District seat, shooting many of the images that helped introduce her to voters.The two met in person after she won the race. He is seven years younger than Gabbard and has continued to work in cinematography throughout her political career.Gabbard, a former U.S. congresswoman from Hawaii who ran for president in 2020, had served as Director of National Intelligence for 15 months at the time of Friday’s letter. Her resignation takes effect June 30, 2026, after which she said she will focus on supporting Abraham through his treatment.Researcher’s note: Abraham Williams has not publicly commented about the COVID “vaccines,” but in December 2021, Tulsi Gabbard expressed her intention to get “vaccinated” after the elderly were able to, saying, “I had planned to get the vaccine [sic] but will now stand in solidarity with our seniors by not doing so until THEY can.”Trump says chief of staff Susie Wiles has early stage breast cancer but will keep working through treatmentMarch 16, 2026
White House chief of staff Susie Wiles has been diagnosed with early-stage breast cancer but will continue working during her treatment, retaining her place as one of President Donald Trump’s closest aides during a period of political turbulence. Wiles, 68, announced on Monday that she had been diagnosed over the previous week.In a social media post, Trump described Wiles as “one of the strongest people I know” and said her prognosis is “excellent.” “During the treatment period, she will be spending virtually full time at the White House, which makes me, as President, very happy!” Trump said on his Truth Social platform. “She will soon be better than ever!”It comes as the Republican president confronts mounting challenges on global and national fronts, from the war in Iran and soaring oil prices to this fall’s midterm elections and Americans’ concerns over affordability.Wiles is a longtime Trump ally who rose from his campaign co-chair to his closest adviser and counsel. She spent decades as a lobbyist and political operative in Florida and led his 2016 effort in the state.Researcher’s note – Wiles is a close friend of Big Pharma, having worked for Ballard Partners and Mercury Public Affairs, lobbyists whose clients include pesticide manufacturers, GAVI (The Vaccine Alliance), and Pfizer. She is known as a major obstacle to the substantive changes RFK, Jr wants to make at HHS: https://markcrispinmiller.substack.com/p/when-rfk-jr-was-put-in-chargeof-hhs?utm_source=publication-search
Meryl’s CHAOS letter (Critical Health Analysis and OpinionS)How It’s Done: Inserting the lobby team inside and outside the Trump administrationhttps://usrtk.org/pesticides/tracing-bayers-ties-to-power-in-trumps-washington…Read more4 months ago · 74 likes · 31 comments · Meryl NassVanessa Trump reveals she has been diagnosed with breast cancerMay 20, 2026
Vanessa Trump, the ex-wife of Donald Trump Jr., and mother of five, announced Wednesday she has been diagnosed with breast cancer. “While this isn’t news anyone expects, I’m working closely with my medical team on a treatment plan,” Trump posted on Instagram Wednesday. She said she underwent a medical procedure earlier this week and asked for privacy as she focuses on her health and recovery.Vanessa Trump and the eldest son of President Donald Trump divorced in 2018 after twelve years of marriage. The two have five children together, including Kai Trump, 19, who boasts a large following on social media and is often seen with her grandfather at the White House.Joe Biden’s Sad Last Days: Ex-Prez, 83, Sparks ‘Dementia’ Fears as He Appears Confused and ‘Struggles to Walk’ at Former Veep Dick Cheney’s FuneralNovember 20, 2025
Former President Joe Biden has sparked dementia fears after he appeared “confused” at ex-Vice President Dick Cheney‘s funeral in Washington, D.C., RadarOnline.com can reveal. Biden spent his 83rd birthday attending the prominent Republican’s funeral on Thursday, November 20. The ex-president, who is currently battling cancer, stiffly walked into the National Cathedral holding his wife Jill’s hand as she led him to their seats.Instead of following the former first lady down their row, Biden shuffled past her and greeted a row of guests seated behind them, including Republican Sen. Mitch McConnell and his wife, Elaine Chao. After exchanging handshakes and pleasantries, Biden returned to Jill and extended a hand to his former Vice President Kamala Harris, as former President George W. Bush and his wife, Laura, filed in next to him.Viewers took to social media to call out how disoriented Biden appeared before the service started. A critic on X remarked he looked “around like a lost, demented fool trying to figure out how to sit in his chair.” Others cruelly mocked Biden “might think it’s his funeral,” while others claimed he “didn’t know where he is.”“Am I in the casket, or do I sit here? – Joe Biden,” wrote an X user as another said, “Biden looks like he is about to clobber someone or smelling something?”Jill Biden Says Husband Joe Biden Will ‘Live with Cancer’ for the Rest of His Life as She Shares Health UpdateJune 1, 2026
Former First Lady Dr. Jill Biden is sharing a health update following her husband, former President Joe Biden’s cancer diagnosis. Jill, 74, spoke about Joe’s current condition during an appearance on the Today show on Monday, June 1. In May 2025, the Bidens shared that Joe, 83, had been diagnosed with stage 4 prostate cancer.“You know, he’s doing OK,” Jill told the show’s co-host Craig Melvin. “Craig, you’ve been through this with your brother, you know how tough it is. And I think if he had just been diagnosed with prostate cancer, that’s one thing, because that can be cured, but the fact that it metastasized to his bones, that makes it a whole different story.”Ultimately, Jill said of her husband, “I think Joe will live with cancer till the rest of his life.”Jill Biden: US first lady undergoes surgery to remove cancerous skin lesionsJanuary 11, 2023
US First Lady Jill Biden has undergone surgery to remove two cancerous skin lesions, the president’s doctor has said. Both were consistent with basal cell carcinoma, the most common form of skin cancer, Dr Kevin O’Connor wrote in a memo on Wednesday. All cancerous tissue was fully removed from the lesions in a procedure known as Mohs surgery, it said. Mrs Biden is “in good spirits and is feeling well”, Dr O’Connor said.Following a routine skin cancer screening earlier this month, doctors recommended that a small lesion above Mrs Biden’s right eye should be excised out of “an abundance of caution”. The Wednesday morning procedure confirmed the lesion was basal cell carcinoma (BCC). A second lesion, on the first lady’s left eyelid, and a third lesion, on the left side of her chest, were also excised. The latter had an appearance consistent with potential BCC.Former President Bill Clinton hospitalized for infection but ‘on the mend’Oct 16, 2021
Former President Bill Clinton was admitted to the University of California Irvine Medical Center’s intensive care unit for a urinary tract infection that spread to his bloodstream, his doctors told CNN on Thursday.“He was admitted to the ICU for close monitoring and administered IV antibiotics and fluids. He remains at the hospital for continuous monitoring,” according to a joint statement Thursday evening from Dr. Alpesh Amin, chair of medicine at UC Irvine Medical Center, and Dr. Lisa Bardack, Clinton’s personal primary physician.According to a source familiar with the situation, the kind of antibiotic needed to treat Clinton’s type of infection has to be administered via IV and not orally, which is why he’s remaining in the hospital.Clinton, who was in California for a private event for his foundation, had been feeling fatigued on Tuesday and was admitted to the hospital after testing, according to his office. Hillary Clinton went to the event on Thursday evening to “represent both of them” and then went to the hospital to be with the former President, a Clinton spokesman told CNN.Researcher’s note – In March of 2021, Bill Clinton joined former presidents Carter, Obama, and George W. Bush in a video promoting COVID vaccination [sic]. In December of 2022, Bill Clinton confirmed that he was vaccinated [sic] and boosted.https://www.breitbart.com/politics/2021/03/11/watch-obama-bush-clinton-and-carter-team-up-for-coronavirus-vaccine-promotion/?utm_source=chatgpt.comhttps://www.cbsnews.com/news/bill-clinton-covid-former-president-says-mild-case-thanks-to-vaccine/?utm_source=chatgpt.comMaryland U.S. Rep. Jamie Raskin announces he has lymphomaDec 29, 2022
Savage, Md. — U.S. Rep. Jamie Raskin, who rose to national prominence through his work on the Jan. 6 committee and as House Democrats twice impeached former President Donald Trump, announced Wednesday he’s going through his own personal trial: He’s battling cancer. The Democrat representing Maryland’s 8th District announced a series of tests found he has diffuse large B-cell lymphoma, but that his prognosis is good.Raskin said he’s about to begin four months of treatment and he intends to keep working throughout. Dr. Aaron Rapoport, an oncologist who is the director of transplant and cellular therapy at the University of Maryland Marlene and Stewart Greenebaum Comprehensive Cancer Center, said this type of cancer needs to be treated right away.“Those aggressive, diffuse large B-cell lymphomas, which is what Congressman Raskin has and also what the governor had, those are on the more aggressive side of the spectrum and do require urgent treatment,” Rapoport said. Even so, of the roughly 50,000 new cases in the U.S. each year, response to treatment can be good.“The likelihood of achieving a complete response with initial treatment is well above 80%, even for aggressive lymphoma. And, the majority of patients who have a complete response stay in remission long term,” Rapoport said.In his statement, Raskin said: “After several days of tests, I have been diagnosed with Diffuse Large B Cell Lymphoma, which is a serious but curable form of cancer. I am about to embark on a course of chemo-immunotherapy on an outpatient basis at MedStar Georgetown University Hospital and Lombardi Comprehensive Cancer Center. Prognosis for most people in my situation is excellent after four months of treatment.”Raskin’s work in Congress now includes a big, new role as the ranking member of the House Oversight Committee. He was sworn into his third term at the start of the 117th Congress in 2021.Researcher’s note – Rep Raskin strongly promoted the COVID “vaccines,” saying he felt “reborn” after getting the shot. And he was boosted, as he confirmed in a statement on March 1, 2022.https://raskin.house.gov/2020/12/raskin-i-felt-reborn-after-getting-covid-vaccine?utm_source=chatgpt.comRaskin Statement on Breakthrough Case of COVID-19 | Press Releases | Congressman Jamie RaskinAlso, Rep. Raskin opposed to investigating “vaccine” injuries, calling a proposed Florida grand jury an “Orwellian” development: https://www.yahoo.com/news/de-santis-blasted-for-orwellian-vaccine-investigation-142726510.htmlSen. Fetterman hospitalized in Pittsburgh after falling, his of
Former Director of the U.S. Central Intelligence Agency (CIA) John Brennan testifies before the House Permanent Select Committee on Intelligence on Capitol Hill in Washington on May 23, 2017. Alex Wong/Getty Images
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