ONLY PUBLISHING PRELIMINARY COMEX OPEN INTEREST NUMBERS AND AMOUNTS STANDING
GOLD CLOSED DOWN TO XXXX TO $XXXX
SILVER CLOSED DOWN $XXX TO $XXX
JULY 23
EXCHANGE: COMEX
CONTRACT: JULY 2026 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,146.900000000 USD
INTENT DATE: 07/22/2026 DELIVERY DATE: 07/24/2026
FIRM ORG FIRM NAME ISSUED STOPPED
363 H WELLS FARGO SECURITI 82
555 C BNP PARIBAS SEC CORP 83
661 C JP MORGAN SECURITIES 3
905 C ADM 2
TOTAL: 85 85
MONTH TO DATE: 12,862
GOLD: NUMBER OF NOTICES FILED FOR JULY/2026: 85 CONTRACTs NOTICES FOR 8,500 OZ or 0.2643 TONNES
total notices so far: 12,862 contracts FOR 1,286,200 OZ OR 40.00 TONNES
SILVER NOTICES: 293 NOTICE(S) FILED FOR 1.475 OZ /
total number of notices filed so far this month : 9139 CONTRACTS (NOTICES) for 45.695 million oz
GLD AND SLV
GLD
NO DATA FOR THURSDAY
NO DATA FOR THURSDAY
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 STRONG 46 CONTRACT QUEUE JUMP OR 0.230 MILLION OZ WHERE DELIVERY WILL OCCUR ON THE THIS SIDE OF THE POND//STANDING ADVANCES TO 44.730 MILLION OZ///
SUMMARY OF OUR JULY 2026 COMEX CONTRACT MONTH
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 59.455 MILLION OZ (QUITE SMALL)
SEPT. 50.510 MILLION OZ.(QUITE SMALL)
OCT; 82.020 MILLION OZ (WILL BE STRONG THIS MONTH)/ OCC WANTS TO REIN IN THESE ISSUANCES!
NOVEMBER: 36.425 MILLION OZ
DEC: 45.765 MILLION OZ
JANUARY 2026: 134.270 MILLION OZ (WILL BE A VERY STRONG MONTH FOR EXCHANGE FOR PHYSICAL!)
FEB : 82.130 MILLION OZ
MARCH: 56.075 MILLION OZ
APRIL; 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: 34.630 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 STRONG 0.230 MILLION OZ QUEUE JUMP //STANDING THUS ADVANCES TO 44.730 MILLION OZ//
GOLD//OUTLINE
1.MAY SUMMARY FOR MAY TONNES WHICH STOOD FOR DELIVERY:
4. AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.
5.SEPT: INITIAL 8.093 TONNES OF GOLD PLUS TODAY’S QUEUE JUMP OF 0.4883 TONNES PLUS 2.2827 TONNES OF EXCHANGE FOR RISK TODAY//NEW TOTAL EX. FOR RISK/MONTH = 22.923//NEW TOTAL STANDING FOR GOLD SEPT ADVANCES TO = 48.801 TONNES!!
6.OCTOBER: 90.012 TONNES OF INITIAL GOLD STANDING WITH TODAY’S TINY 0.00311 TONNES QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS DURING OCT OF 76.1656 TONNES
THEN WE MUST ADD OUR 14.553 TONNES OF OUR ISSUANCE OF EXCHANGE FOR RISK/6 OCCASIONS//NEW TOTAL OF GOLD STANDING ADVANCES TO 197.5141 TONNES OF GOLD.
7.NOVEMBER BEGINS WITH 15.651 TONNES INITIALLY STANDING FOR DELIVERY FOLLOWED BY TODAY’S QUEUE JUMP OF 2.323 TONNES FOLLOWED BY ALL PREVIOUS QUEUE JUMPS IN OF OF 21.3775 TONNES TO WHICH WE ADD OUR TWO EXCHANGE FOR RISK ISSUANCE OF 4.5596 TONNES//NEW STANDING ADVANCES TO 43.9716 TONNES OF GOLD.
8. DECEMBER BEGINS WITH INITIAL STANDING OF 83.813 TONNES OF GOLD FOLLOWED BY TODAY’S 0.0TONNE QUEUE JUMP WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF: 37.163 TONNES//NEW STANDING ADVANCES TO 115.390 TONNES TO WHICH WE ADD OUR 4 EXCHANGE FOR RISK FOR DECEMBER OF 6.587 TONNES/NEW STANDING ADVANCES TO 121.977 TONNES
9. JANUARY: INITITAL STANDING: 13.785 TONNES TO WHICH WE ADD OUR FIRST EXCHANGE FOR PHYSICAL TRANSFER OF 0.08709 TONNES WHICH FOLLOWS ALL OTHER QUEUE JUMPS OF 30.7117TONNES //NEW TOTAL QUEUE JUMPS 30.7117//NORMAL DELIVERY OF GOLD ADVANCES TO 36.8958 TONNES TO WHICH WE ADD OUR SIX EXCHANGE FOR RISK OF 22.315 TONNES//NEW STANDING ADVANCES TO 59.2108 TONNES.
FEB; INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 93.567 TONNES OF GOLD TO WHICH WE ADD OUR NEXT 0.0248 TONNES 0.1555 TONNES QUEUE JUMP TO 41.2082 TONNES/ NEW NET QUEUE JUMP INCREASES TO 41.233 TONNES// AND THEN WE ADD OUR SIX EXCHANGE FOR RISK: 10,080 CONTRACTS OR 31.251 TONNES//NEW STANDING REDUCES TO 157.878 TONNES
MARCH:: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 8.099 TONNES TO WHICH WE ADD TODAY’S FAIR 4600 OZ QUEUE JUMP (0.2320 TONNES) AND THEN WE ADD OUR THREE EXCHANGE FOR RISK OF 22.3818 TONNES //NEW STANDING ADVANCES TO 67.6648 TONNES/
APRIL: INITIAL AMOUNT OF GOLD STANDING FOR DELIVERY: 52.600 TONNES FOLLOWED BY OUR 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 0.22706 TONNES//NEW STANDING ADVANCES TO 40.056 TONNES
STANDING FOR THE LAST 7 MONTHS JANUARY TO JULY:
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 FINAL 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 FINAL 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 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 0.22706 TONNES//NEW STANDING FOR GOLD ADVANCES TO 40.056 TONNES.
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STRONG THIS MONTH
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 175.86 TONNES A LOT LARGER THIS MONTH.
SEPT. 116.13 TONNES VERY SMALL
OCT. 252.72 TONNES//CERTAINLY MUCH LARGER THIS MONTH/VERY STRONG
NOV: 124.74 TONNES
DEC: 190.04 TONNES//GOOD SIZED THIS MONTH FINAL.
TOTAL EXCHANGE FOR PHYSICAL ISSUED FOR YEAR 2025: 2,026.20 TONNES (LOWER THAN LAST YR 2,569.00 TONNES
JANUARY: 209.08 TONNES ( (WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL)
FEB. 176.35 TONNES (WHICH IS A FAIR ISSUANCE)
MARCH: 214.67 TONNES//WILL BE STRONG ISSUANCE THIS MONTH
APRIL; 88.00 TONNES// WILL BE VERY SMALL THIS MONTH
MAY 118.430 TONNES
JUNE: 142.053 TONNES
JULY: 85.82 TONNES
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 STRONG 360 CONTRACTS TO AN OI OF 106,770
EFP ISSUANCE 200 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 200 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 1911 CONTRACTS AND ADD TO THE 200 E.FP. ISSUED
WE OBTAIN A STRONG GAIN OF 560 OI OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR GAIN OF $1.45
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 2.80 MILLION PAPER OZ
AND WE HAD A STRONG 0.230 MILLION OZ QUEUE JUMP
STANDING ADVANCES TO 44.730 MILLION OZ
OCCURRED WITH OUR GAIN IN PRICE.OF $1.45
2.ASIAN AFFAIRS JULY 23 /2025
SHANGHAI CLOSED UP 9.74 PTS OR 0.25%
HANG SENG CLOSED UP 258.40 PTS OR 0.39%
Nikkei CLOSED UP 258.40 PTS OR 0.39%
//Australia’s all ordinaries CLOSED DOWN 0.71%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.7703
/ OFFSHORE CLOSED UP AT 6.7709 Oil UP TO 89.76 dollars per barrel for WTI and BRENT UP TO 97.36 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7703) OFFSHORE YUAN TRADING UP TO 6.7709 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
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED CONTRACTS TO 387,520 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 ZERO T.A.S. LIQUIDATION DURING WEDNESDAY’S COMEX TRADING/. IT SEEMS THAT MANY OF THE SPECULATORS THAT HAVE NOW CONTINUED AGAIN TO BE ON THE SHORT SIDE WITH BANKERS ON THE LONG SIDE AND THESE GUYS WERE OBLITERATED YESTERDAY 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 STRONG SIZED GAIN ON OUR TWO EXCHANGES (7,222 CONTRACTS) OCCURRED WITH OUR STRONG GAIN IN PRICE IN GOLD (UP $73.30)
WE THUS HAD A STRONG SIZED GAIN IN OI ON BOTH OF OUR EXCHANGES (7222 CONTRACTS), WITH OUR GAIN IN PRICE, AS WE WERE INFORMED OF A FAIR CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE EQUATING TO 3070 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 AND JULY
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/JULY:
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 JULY COMEX CONTRACT MONTH//
IN TOTAL WE HAD A STRONG GAIN ON OUR TWO EXCHANGES OF 7222 CONTRACTS WITH OUR GAIN IN PRICE ($73.30). HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT THIS WEEK AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTACKS VERY EARLY IN THE COMEX SESSIONS AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THEIR DAILY ATTACKS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY AND OUR SHORT SPECULATORS FOR 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 FAIR SIZED T.A.S ISSUANCE CONTRACTS .THE CME NOTIFIES US THAT THEY HAVE ISSUED 1000 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 FINALIZES AT 157.879 TONNES, ITS HIGHEST STANDING RECORDED IN OVER 4 YEARS.
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 0.23706 TONNES//NEW STANDING ADVANCES TO 40.056 TONNES. TOTAL QUEUE JUMPING SO FAR: 16.809 TONNES OR 1.050 TONNES ON EACH TRADING DAY LEAVING COMEX FOR EASTERN SHORES.
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 MONTHS 2021-2024
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022: STANDING FOR GOLD/COMEX
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024/STANDING FOR GOLD/COMEX
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
COMEX GOLD TRADING BEGINNING JULY,. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $73.30)
WE HAD ZERO T.A.S. SPREADER LIQUIDATION WEDNESDAY // COMEX SESSION// WITH OUR GAIN IN PRICE
OTHER EASTERN CENTRAL BANKS TENDERED FOR PHYSICAL EVERY NIGHT WHICH ALSO EXPLAINS THE HUGE NUMBER OF TONNES OF GOLD THAT STOOD FOR GOLD DURING THESE PAST SEVERAL MONTHS
WEDNESDAY NIGHT//THURSDAY MORNING
THE CROOKS COULD NOT STOP OTHER CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL WEDNESDAY EVENING //THURSDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $73.30
WE HAD XXX CONTRACTS REMOVED TO OUR OI AT THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES: 7222 CONTRACTS OR 722,200 OZ (22.463 TONNES)
JULY DELIVERY MONTH
JULY 23
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | XXX ENTRY i) |
| Deposit to the Dealer Inventory in oz | X ENTRY |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER//gold ENTRIES: X xxxxxxxxxxxxxxxx |
| No of oz served (contracts) today | 85 CONTRACTS OR 8500 OZ 0.2643 TONNES OF GOLD |
| No of oz to be served (notices) | 16 Contracts 1600 OZ 0.0497 TONNES |
| Total monthly oz gold served (contracts) so far this month | 12,862 notices 1,286,200 OZ 40.00 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: XX
XX ENTRY
DEPOSITS/CUSTOMER
ENTRIES: XX
xxxxxxxxxxxxxxxxxx
comex withdrawal
XX ENTRY
adjustments:
COMEX IS DRAINING GOLD
chaos inside the comex
THE FRONT MONTH OF JULY OI STANDS AT 101 CONTRACTS HAVING A LOSS OF 219 CONTRACTS. WE HAD A GAIN IN OZ STANDING OF 70 CONTRACTS FOR 7000 OZ OR 0.2177 TONNES, ANOTHER QUEUE JUMP AS CENTRAL BANKS CONTINUE TO TAKE PHYSICAL GOLD OUT OF THE COMEX!!
AUGUST LOST 9145 CONTRACTS TO AN OI OF 193,009
SEPTEMBER GAINED 181 CONTRACTS UP TO AN OI OF 2503.
.
We had 85 contracts filed for today representing 8500 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 85 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 3 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 (12,862) 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 85 x 100 oz per contract) equals 1,287,800 OZ OR (40.056 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 (12,862) 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 85 x 100 oz per contract) equals 1,287,800 OZ OR (40.056Tonnes of gold)
Yesterday’s standing: 39.828 tonnes//today: 40.056tonnes// (queue jump = 0.22706 tonnes)
new total of gold standing in JULY becomes 40.056 TONNES//
TOTAL COMEX GOLD STANDING FOR JULY 40.056TONNES TONNES WHICH IS NOW REALLY HUGE FOR THIS NON ACTIVE DELIVERY MONTH OF JULY.
confirmed volume TUESDAY confirmed 153,850/ poor// 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: 1,825,758.183 oz 56.788 tonnes pledged gold lowers
total inventories in gold declining rapidly
total pledged gold: 1,825,758.183tonnes oz 56.788 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 27,069,413.951oz
TOTAL REGISTERED GOLD 14,845,195.681 tonnes (461.748tonnes)
TOTAL OF ALL ELIGIBLE GOLD 12,224,218.270 oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 13,019,437 oz ((REG GOLD- PLEDGED GOLD)=
404.959 Tonnes //
total inventories in gold declining rapidly
SILVER COMEX
JULY DELIVERY MONTH
JULY 23
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | X entries |
| Deposits to the Dealer Inventory | ENTRY:X |
| Deposits to the Customer Inventory | ENTRY: X |
| No of oz served today (contracts) | 295 CONTRACT(S) ( 1.476 MILLION OZ) |
| No of oz to be served (notices) | 7 Contracts (35,000 oz) OR .035 MILLION |
| Total monthly oz silver served (contracts) | 9139 contracts 45.695 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
ENTRY:X
DEPOSIT ENTRIES/CUSTOMER ACCOUNT
ENTRY: X
xxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: customer side/eligible
0 entries
adjustments :0
xxxxxxxxxxxxxx
TOTAL REGISTERED SILVER: 96.340 MILLION OZ//.TOTAL REG + ELIGIBLE. 330.327 Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY
silver open interest data:
FRONT MONTH OF JULY /2026 OI: 302 OPEN INTEREST CONTRACTS FOR A LOSS OF 1162 CONTRACTS.
STANDING FOR SILVER TODAY IS REPRESENTED BY 44.730 MILLION OZ. YESTERDAY’S STANDING: 44.500 MILLION OZ. THUS WE GAINED 46 CONTRACTS OR A STRONG QUEUE JUMP OF 230,000 OZ WHERE THESE GUYS WILL TRY AND STAND FOR DELIVERY ON THIS SIDE OF THE POND.
AUGUST SAW A LOSS OF 41 CONTRACTS UP TO 1964…
SEPTEMBER SAW A GAIN OF 890 CONTRACTS UP TO AN OI OF 82,102 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 295 or 1.475 MILLION oz
CONFIRMED volume WEDNESDAY; 43,149// extremely 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 9139 X5,000 oz = 45.695 MILLION oz.
We now take the total number of oz standing today and subtract the total standing yesterday and we have a GAIN of 46 contracts for 0.230 MILLION oz and this represents a strong queue jump.
YESTERDAY: 44.500 MILLION OZ//STOOD FOR DELIVERY// TODAY 44.730 MILLION OZ// THUS A STRONG QUEUE JUMP OF 46 CONTRACTS OR 0.230 MILLION OZ
Thus the standings for silver for the JULY 2026 contract month: (9139 )Notices served so far) x 5000 oz + OI for the front month of JULY ( 302) minus number of notices served upon today (295)x 5000 oz equals silver standing for the JULY..contract month equating to 44.730 MILLION OZ. ( 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 96.340 million oz of registered silver
JPMorgan as a percentage of total silver: 137.898/330.327million: 41.81%
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//WILL PICK UP DATA ON GLD ON TUESDAY
JULY 23/2026/WITH GOLD UP $XXX /HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.28 TONNES OF GOLD INTO THE GLD. : //:/INVENTORY RESTS AT 1005.87 TONNES
JULY 22/2026/WITH GOLD UP $73.30 /HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.28 TONNES OF GOLD INTO THE GLD. : //:/INVENTORY RESTS AT 1005.87 TONNES
JULY 21/2026/WITH GOLD DOWN $1.40 /HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.572 TONNES OF GOLD OUT OF GLD. : //:/INVENTORY RESTS AT 1004.45 TONNES
JULY 20/2026/WITH GOLD UP $59.75 /HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 0.860 TONNES OF GOLD OUT OF GLD. : //:/INVENTORY RESTS AT 1003.59 TONNES
JULY 17/2026/WITH GOLD UP $26.55 /HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.572 TONNES OF GOLD OUT OF GLD. : //:/INVENTORY RESTS AT 1001.878 TONNES
JULY 16/2026/WITH GOLD DOWN $110.60 /NO CHANGES IN GOLD AT THE GLD : //:/INVENTORY RESTS AT 1004.45 TONNES
JULY 15/2026/WITH GOLD DOWN $15.05 /HUGE CHANGES IN GOLD AT THE GLD : A DEPOSIT OF 1.94 TONNES OF GOLD INTO THE GLD/ //:/INVENTORY RESTS AT 1004.45 TONNES
JULY 14/2026/WITH GOLD UP $63.45 /NO CHANGES IN GOLD AT THE GLD : / //:/INVENTORY RESTS AT 1002.510 TONNES
JULY 13/2026/WITH GOLD DOWN $105.20 /HUGE CHANGES IN GOLD AT THE GLD : A WITHDRAWAL 0F 3.108 TONNES OF GOLD OUT OF THE GLD/ //:/INVENTORY RESTS AT 1002.510 TONNES
JULY 10/2026/WITH GOLD DOWN $27.25 /HUGE CHANGES IN GOLD AT THE GLD : A DEPOSIT 0F 3.138TONNES OF GOLD INTO THE GLD/ //:/INVENTORY RESTS AT 1005.618 TONNES
JULY 9/2026/WITH GOLD UP $58.60 /SMALL CHANGES IN GOLD AT THE GLD : A WITHDRAWAL OF 0.28 TONNES OF GOLD FROM THE GLD/ //:/INVENTORY RESTS AT 1002.510 TONNES
JULY 8/2026/WITH GOLD DOWN $73.30 /NO CHANGES IN GOLD AT THE GLD //:/INVENTORY RESTS AT 1002.79 TONNES
JULY 7/2026/WITH GOLD DOWN $28.05 /HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 1.42 TONNES OUT INTO THE GLD/ ./ //:/INVENTORY RESTS AT 1002.79 TONNES
JULY 6 /2026/WITH GOLD DOWN $19.55 /HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 3.954 TONNES OUT OF THE GLD/ ./ //:/INVENTORY RESTS AT 1001.366 TONNES
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
GLD INVENTORY: 1005.87 TONNES, TONIGHTS TOTAL GOLD INVENTORY
SILVER
JULY 23 WITH SILVER UP $XXX: :SMALL CHANGES IN INVENTORY AT THE SLV : A WITHDRAWAL OF 0.217 MILLION OZ OUT OF THE SLV// :INVENTORY RESTS AT XXX MILLION OZ
JULY 22 WITH SILVER UP $1.45: :SMALL CHANGES IN INVENTORY AT THE SLV : A WITHDRAWAL OF 0.217 MILLION OZ OUT OF THE SLV// :INVENTORY RESTS AT 483.690 MILLION OZ
JULY 21 WITH SILVER UP $1.89: :HUGE CHANGES IN INVENTORY AT THE SLV : A WITHDRAWAL OF 0.217 MILLION OZ OUT OF THE SLV// :INVENTORY RESTS AT 483.961 MILLION OZ
JULY 20 WITH SILVER UP $0.97: :HUGE CHANGES IN INVENTORY AT THE SLV : A DEPOSIT OF 2.17 MILLION OZ INTO THE SLV// :INVENTORY RESTS AT 484.232 MILLION OZ
JULY 17 WITH SILVER UP $0.25: :HUGE CHANGES IN INVENTORY AT THE SLV : A DEPOSIT OF 1.175 MILLION OZ// :INVENTORY RESTS AT 482.062 MILLION OZ
JULY 16 WITH SILVER DOWN $1.48: :NO CHANGES IN INVENTORY AT THE SLV// :INVENTORY RESTS AT 480.887 MILLION OZ
JULY 15 WITH SILVER DOWN $1.52: :HUGE CHANGES IN INVENTORY AT THE SLV/ A DEPOSIT OF 3.30 MILLLION OZ OZ INTO THE SLV// :INVENTORY RESTS AT 480.887 MILLION OZ
JULY 14 WITH SILVER UP $1.18: :HUGE CHANGES IN INVENTORY AT THE SLV/ A WITHDRAWAL OF 543,000 OZ FROM THE SLV// :INVENTORY RESTS AT 477,587 MILLION OZ
JULY 13 WITH SILVER DOWN $2.07: :NO CHANGES IN INVENTORY AT THE SLV/ :INVENTORY RESTS AT 478.130 MILLION OZ
JULY 10 WITH SILVER DOWN $0.67: :SMALL CHANGES IN INVENTORY AT THE SLV A WITHDRAWAL OF 0.904 MILLION OZ INTO THE SLV/ :INVENTORY RESTS AT 478.130 MILLION OZ
JULY 9 WITH SILVER UP $2.64: :SMALL CHANGES IN INVENTORY AT THE SLV A WITHDRAWAL OF 0.497 MILLION OZ INTO THE SLV/ :INVENTORY RESTS AT 479.531 MILLION OZ
JULY 8 WITH SILVER DOWN $2.70: :HUGE CHANGES IN INVENTORY AT THE SLV A DEPOSIT OF 0.497 MILLION OZ INTO THE SLV/ :INVENTORY RESTS AT 479.531 MILLION OZ
JULY 7 WITH SILVER DOWN $1.36: :HUGE CHANGES IN INVENTORY AT THE SLV A WITHDRAWAL OF 1.266 MILLION OZ OUT OF THE SLV/ :INVENTORY RESTS AT 479.034 MILLION OZ
JULY 6 WITH SILVER DOWN $0.51: :HUGE CHANGES IN INVENTORY AT THE SLV A DEPOSIT OF 940,000 OZ INTO THE SLV/ :INVENTORY RESTS AT 480.300 MILLION OZ
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
CLOSING INVENTORY 483.690 MILLION OZ OF SILVER
GOLD COMMENTARIES:
1.PETER SCHIFF
2. MATHEW PIEPENBERG/EGON VON GREYERZ
ALASDAIR MACLEOD.
3. CHRIS POWELL AND HIS GATA DISPATCHES
4. ANDREW MAGUIRE/LIVE FROM THE VAULT; 281 AND 279
VAULT 281//MUST VIEW
Central Bank Wars: Fortress China Targets LBMA
by Kinesis Money
Thursday, Jul 16, 2026 – 11:03
In this week’s Live from the Vault, Andrew Maguire details how China’s launch of the Hong Kong SGE gold gateway marks a historic shift in global gold pricing, as Beijing moves to challenge London and New York’s long-held grip on the market.
With the PBOC systematically draining Western gold reserves and central banks accelerating their shift away from dollar holdings, the precious metals expert outlines why he sees a US Treasury gold revaluation as no longer a distant prospect.
279
282 ALASDAIR MACLEOD…
END
5. COMMODITY REPORT/
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS THURSDAY MORNING.7:30 AM
SHANGHAI CLOSED UP 9.74 PTS OR 0.25%
HANG SENG CLOSED UP 258.40 PTS OR 0.39%
Nikkei CLOSED UP 258.40 PTS OR 0.39%
//Australia’s all ordinaries CLOSED DOWN 0.71%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.7703
/ OFFSHORE CLOSED UP AT 6.7709 Oil UP TO 89.76 dollars per barrel for WTI and BRENT UP TO 97.36 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7703) OFFSHORE YUAN TRADING UP TO 6.7709 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
ONSHORE YUAN: CLOSED UP AT 6.7703
OFFSHORE YUAN: UP TO 6.7709
1.HANG SANG CLOSED UP 258.40 PTS OR 0.39%
2. Nikkei closed UP 258.40 PTS OR 0.39%
WEST TEXAS INTERMEDIATE OIL UP TO 89.76
BRENT; 97.36
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX UP TO 100.89/// EURO RISES TO 1.1425 UP 13 BASIS PTS
3b Japan 10 YR bond yield:RISES TO. +2.774 UP 3 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA CROSS NOW AT 163.30… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE ENDING OF THE YEN CARRY TRADE AGAIN AND THE REPATRIATION OF YEN DENOMINATED BONDS TRADING IN THE USA/EUROPE. JAPAN 30 YR BOND YIELD: 3.918 UP 3 FULL BASIS PT
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: UP( 6.7703) AND OFFSHORE: UP AT 6.7709
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA. CENTRAL BANK OF JAPAN WILL NO LONGER DO QE.
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt. GOVERMENT ASKED JAPAN PENSION FUNDS AND INSURANCE FUNDS TO BUY MORE JAPANESE BONDS AND REPATRIATE ALL FOREIGN BONDS.
3g Oil UP for WTI and UP UP this morning
3h European bond buying continues to push yields HIGHER on all fronts in the EU German 10yr bund YIELD UP TO +3.2015/ Italian 10 Yr bond yield UP AT 4.048/ SPAIN 10 YR BOND YIELD UP TO 3.669%
3i Greek 10 year bond yield UP TO 3.941%
3j Gold at $4092.00 //Silver at: 58.81 1 am est) SILVER NEXT RESISTANCE LEVEL AT $100.00
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 44/ 100 roubles/78.41
3m oil (WTI) into the 89 dollar handle for WTI and 97 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 163.30 // 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.774% UP 3 BASIS PTS STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE NOW UNWINDING//YEN BOND TRADING OVERSEAS TO BE REPATRIATED.//JAPAN 30 YR: 3.914 UP 4 PTS..: USA/SF this 0.8147 as the Swiss Franc . Euro vs SF: 0.9308
USA 10 YR BOND YIELD: 4.674 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 5.161 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 4.317 UP 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 47.24 UP 2 BASIS PTS/LIRA GETTING KILLED//IDIOTS FOR SELLING GOLD AND USA DOLLAR RESERVES.
10 YR UK BOND YIELD: 5.0830 UP 5 PTS
30 YR UK BOND YIELD: 5.775 UP 4 BASIS PTS
10 YR CANADA BOND YIELD: 3.592 UP 3 BASIS PTS
5 YR CANADA BOND YIELD: 3.2110 UP 5 BASIS PTS.
1b European Opening report
1 c) Asian opening report
Equity futures mostly lower despite KOSPI rebound and heavy earnings docket – Newsquawk EU Market Open
Thursday, Jul 23, 2026 – 02:23 AM
- US and Iran exchanged strikes for the 12th consecutive night; US President Trump said Iran is getting hit so hard and that they want to make a deal.
- Yemeni Houthis targeted two Saudi oil tankers in the Red Sea, while reports noted that at least 9 ships have stopped passing through Bab al-Mandeb, following the blockade on Saudi ports by Houthis.
- Alphabet (GOOGL) shares fell -3.3%, Tesla (TSLA) slipped over 4%, and IBM (IBM) was modestly softer post-earnings.
- APAC stocks were predominantly in the green, DXY mildly softened, 10yr UST futures lingered near the prior day’s trough, and crude futures extended gains.
- European equity futures indicate a slightly lower cash market open, with Euro Stoxx 50 futures down 0.3%.
- Looking ahead, highlights include Canadian Retail Sales (May), US Initial Jobless Claims (Jul/18), Chicago Fed National Activity Index (Jun), EU Consumer Confidence Flash (Jul). Policy Announcements from the ECB, CBRT, and SARB. Comments from ECB President Lagarde. Supply from the UK & the US. Earnings from Intel, Blackstone, Lockheed Martin, RTX, TotalEnergies, Thales, SAP & Repsol.
SNAPSHOT
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1. Subscribe to the free premarket movers reports
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IRAN CONFLICT
- US President Trump said Iran is getting hit so hard and that they want to make a deal, while he added that Iran will be ready very soon but is not ready for a deal yet.
- US President Trump posted on Truth Social an image of a headline reading, “Trump orders CENTCOM to ‘open the gates of hell’ after US troops killed, launches strikes on Iran”, which was a headline from three days ago.
- US CENTCOM conducted a 12th consecutive night of strikes against Iran, in which US forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, surveillance sites and defence assets.
- US CENTCOM redirected nine commercial vessels and disabled one vessel as of July 22nd, while it stated that Iran does not control the Strait of Hormuz despite its claims
- US military started using B-1 long-range bombers in its strikes against Iran, according to i24’s Stein, citing a source that stated the first strike using the bomber was conducted on Tuesday.
- Iranian media reported that a power station was hit by a missile near the Bushehr nuclear power plant in the south of the country, while a security official said two people were killed in a US strike on the Shalamcheh Border Crossing. Furthermore, explosions were heard in Jask, Bandar Mahshahr, Sirik and Ramshir in Iran’s Ahvaz.
- Iran targeted Kuwait and US military positions in eastern Jordan.
- UKMTO said it received a report of an incident 70NM of Al-Shuqaiq, Saudi Arabia, with a tanker reported to have been struck by an unknown projectile, causing a fire on board, while Yemen’s Houthis announced that they targeted two Saudi oil tankers in the Red Sea. Furthermore, a Houthi military spokesperson said retaliatory naval operations against Saudi targets would continue under a ‘siege for a siege’ policy.
- IRGC said one of three offending ships that attempted to pass the Strait of Hormuz caught fire, and the other two quickly turned back, while it declared the Strait of Hormuz closed.
- Iran’s top negotiator Ghalibaf said, “The equation of this war is clear: either all or none. In a region where we do not sell oil, no one will sell oil. If our security is not ensured, no infrastructure will be safe, and the security of the Strait lies in the absence of American forces.” He added Iran had repeatedly said the situation in the Strait of Hormuz would not return to its pre-war state.
- Iran’s Foreign Ministry said any aggression against Iran, including its infrastructure, will compel a powerful and decisive response, with its defence doctrine clear: eye for an eye. It added that those who contribute to such aggression, whatever the kind of support, will also be considered as legitimate targets.
- Iran’s Deputy Foreign Minister Gharibabadi said “European governments need to be aware that providing bases and territory to the aggressor will put them among the aggressors”.
- Iran’s top joint military command said if the US acts on threats, Iran will stop all Gulf oil flow and will target oil, gas, electricity and economic infrastructure in the region.
- IRGC commander warned that Iran will cut off the electricity of US regional allies if its bridges or power plants are attacked.
- IRGC spokesperson warned shipping companies that the Strait of Hormuz southern route is mined, while the IRGC Navy warned against using alternative routes in the Strait of Hormuz.
- Israeli sources said the US had informed Israel it intended to escalate attacks on Iran and, for the first time during the current conflict, carry out strikes using heavy bombers.
- Israel is weighing possible entry into the war against Iran, but only under specific conditions, such as if Iran directly attacks Israel and the US approves, i24news reports.
- Mossad’s new director met with the CIA chief on Iran, while a purpose of the visit was to coordinate with the White House on negotiations with Iran on a nuclear deal, according to a source.
- US is investigating whether Russia assisted Iranian drone attacks on CIA sites in Gulf, according to reports, citing sources.
US TRADE
EQUITIES
- US stocks were little changed to lower on Wednesday, with the Russell 2000 leading the losses while the Nasdaq also underperformed ahead of big tech earnings after the close. Equities largely traded sideways throughout the session as investors awaited earnings results from Google (GOOGL), IBM (IBM) and Tesla (TSLA). Sector performance was mixed, with Utilities, Energy and Materials outperforming, while Consumer Discretionary, Communication Services and Health Care lagged.
- SPX -0.14% at 7,499, NDX -0.54% at 28,998, DJI -0.01% at 52,224, RUT -0.92% at 2,960.
- Click here for a detailed summary.
TARIFFS/TRADE
- US President Trump’s admin is reportedly divided about restricting Chinese AI models, with the White House mulling preventing Chinese labs from distilling US models, and the Commerce Department favours incentivising US companies to develop open models to counter China.
NOTABLE HEADLINES
- US President Trump said the government will face a shutdown in September, while he also called for an end to the filibuster rule, during a speech at an event in Georgia.
- Some Trump admin officials and allies privately discussed whether an external review of the 2023 failure of Silicon Valley Bank could provide a legal basis to remove Fed Governor Barr.
- US House voted 232-198 to pass the bill restricting congressional stock trading, while the House voted 216-212 to pass the defence authorisation bill that will be packaged with the SAVE America Act when sent to the Senate.
AFTER-MARKET EARNINGS
- Alphabet Inc. (GOOGL) Q2 2026 (USD): EPS 9.11 (exp. 2.88), Revenue 119.8bln (exp. 117.00bln). (-3.3%)
- Tesla Inc. (TSLA) Q2 2026 (USD): Adj. EPS 0.33 (exp. 0.52), Revenue 28.2bln (exp. 25.99bln). (-4.1%)
- IBM (IBM) Q2 2026 (USD): EPS 2.27 (exp. 2.90), Revenue 17.2bln (exp. 17.578bln). (-0.4%)
APAC TRADE
EQUITIES
- APAC stocks were predominantly in the green as semiconductor strength helped the region shrug off the lacklustre lead from Wall Street and the widening geopolitical escalation in the Middle East.
- ASX 200 was lifted amid outperformance in the commodity-related and materials sectors, while sentiment was also helped by strong jobs data.
- Nikkei 225 rallied at the open but is well off today’s best levels amid higher oil prices and after hitting resistance around the 67,000 level.
- KOSPI remained driven by semiconductor advances with both Samsung Electronics and SK Hynix in the green, while chaebols dominated the list of biggest gainers and participants also digested stronger-than-expected South Korean GDP data.
- Hang Seng and Shanghai Comp were mixed, with Hong Kong led higher by strength in mining names, while the mainland was lacklustre as trade-related frictions lingered, with the US investigating Chinese AI firm Moonshot over chip access and whether the Co. used US chips for model training.
- US equity futures were indecisive with two-way price action seen following a mixed reaction to earnings results, including from Alphabet and Tesla.
- European equity futures indicate a slightly lower cash market open, with Euro Stoxx 50 futures down 0.3% after the cash market closed with gains of 0.5% on Wednesday.
FX
- DXY mildly softened against most major peers in rangebound trade following a quiet US data calendar so far this week and the absence of Fedspeak due to the blackout, keeping the Middle East conflict as the main focus. Nonetheless, it was reported that some Trump admin officials and allies had privately discussed whether an external review of the 2023 failure of Silicon Valley Bank could provide a legal basis to remove Fed’s Barr.
- EUR/USD climbed higher heading into the ECB meeting later today, where the central bank is widely expected to stand pat after last month’s rate hike, but could provide hawkish hints of a September move.
- GBP/USD eked slight gains but with upside capped following yesterday’s choppy performance and muted reaction to the recent mixed UK inflation report.
- USD/JPY took a breather and proceeded sideways during Asia trade after whipsawing yesterday through the 163.00 level amid a source report that the BoJ is said to be open to faster rate increases.
- Antipodeans kept afloat with AUD/USD the biggest gainer following stronger-than-expected jobs data from Australia, in which headline Employment Change smashed estimates at 76.3k (exp. 15k), and the Unemployment Rate remained at 4.1%, despite higher Participation.
- PBoC set USD/CNY mid-point at 6.7906 vs exp. 6.7712 (prev. 6.7933)
FIXED INCOME
- 10yr UST futures lingered near the prior day’s trough after recent bear flattening, as escalating geopolitical tensions lifted oil prices and supported expectations for more aggressive future Fed tightening.
- Bund futures were subdued after recent supply and as participants await any hawkish ECB signals.
- 10yr JGB futures retreated as higher oil prices stoked inflationary pressures, while a previous source report noted that BoJ officials were open to raising rates more frequently than every six months.
COMMODITIES
- Crude futures extended gains as the geopolitical situation continued to show no signs of abating, with the US and Iran exchanging strikes for the 12th consecutive night and with US President Trump recently threatening to bomb and destroy one bridge or power plant any time Iran targets a ship in the Strait of Hormuz. Nonetheless, the main key development overnight was the Houthis targeting two Saudi oil tankers in the Red Sea, while reports noted that at least 9 ships have stopped passing through Bab al-Mandeb, following the blockade on Saudi ports by Houthis.
- US President Trump said Venezuela is working with the US to produce oil, while he reiterated that oil companies are going into Venezuela and that they don’t need the Strait of Hormuz.
- Russia is forced to import fuel from India as Ukrainian strikes damage refineries, according to FT.
- Spot gold was choppy with early pressure seen alongside a rise in oil prices.
- Copper futures recouped some of the recent losses, with trade largely driven by risk sentiment.
CRYPTO
- Bitcoin trickled lower for most of the session after slipping beneath the USD 66,000 level.
NOTABLE ASIA-PAC HEADLINES
- US is investigating Chinese AI firm Moonshot over chip access, with the BIS probing if the Co. used US chips for model training, according to The Information.
- Japanese Finance Minister Katayama reiterated a readiness to take decisive action on FX as needed.
DATA RECAP
- South Korean GDP QQ (Q2 A) 0.6% vs. Exp. 0.5% (Prev. 1.8%)
- South Korean GDP YY (Q2 A) Y/Y 3.7% vs. Exp. 3.3% (Prev. 3.8%)
- Australian Employment Change (Jun) 76.3K vs. Exp. 15K (Prev. 40.3K)
- Australian Full Time Employment Chg (Jun) 29.3K (Prev. 5.2K)
- Australian Unemployment Rate (Jun) 4.4% vs. Exp. 4.4% (Prev. 4.4%)
- Australian Participation Rate (Jun) 67.0% vs. Exp. 66.7% (Prev. 66.7%)
GEOPOLITICS
RUSSIA-UKRAINE
- Ukrainian President Zelensky spoke with US President Trump’s envoys Witkoff and Kushner, while they discussed ideas for resuming diplomatic efforts to end the war, according to Axios sources.
- EU diplomat said ambassadors failed to agree on the 21st package of sanctions on Russia. It was later reported that Russian gas cargoes are to remain exempt as the EU nears a new sanctions deal, while groups such as Greece’s Dynagas will be allowed to continue carrying Russian LNG, according to FT.
OTHER
- US President Trump’s admin is weighing military action in Mali against the al-Qaeda-affiliated group JNIM, according to The Washington Post citing officials.
- China is conducting live fire and military drills in some areas of the Taiwan Strait on Thursday and Friday.
EU/UK
NOTABLE HEADLINES
- UK Chancellor Healey said the first priority is fiscal discipline.
NORTH AND SOUTH KOREA AND JAPAN
SOUTH KOREA
JAPAN
3 CHINA/
4. EUROPEAN AND SCANDINAVIAN COMMENTARIES PLUS NATO
SWEDEN
Swedish Police Veteran Warns Islamization Is Replacing Gang Violence As Country’s Defining Threat
Thursday, Jul 23, 2026 – 02:00 AM
A veteran Swedish police officer says tougher criminal laws have sharply improved security in Uppsala, but warns that Islamization and parallel social structures now pose a deeper long-term threat.
Maria Rosander, a police officer of 17 years and Sweden Democrat group leader in Uppsala, told Samnytt that conditions for officers had changed dramatically since shootings and explosions reached crisis levels.
“From a police point of view, it’s like night and day,” she said.
Rosander credited tougher sentences, expanded surveillance, better cooperation between police regions, and greater use of covert measures. Suspected young gang recruits can now be intercepted before carrying out attacks, she said.
The improvement showed that political decisions could reverse criminal decline, but it still has a long way to go. “We have come to the conclusion that it is not profitable to be a criminal,” Rosander said.
However, the police chief suggested that while legislation to tackle gang violence was starting to produce the desired effect, religious segregation and increased Islamization across Swedish society remain a huge problem.
“Islamization is a contributing factor to what we have seen in society. I am absolutely convinced of that,” she said.
Rosander described the mosque in Uppsala as a symbol of segregation, honor-based oppression and unequal treatment of men and women. She said female officers were often ignored in favor of male colleagues and claimed girls in heavily segregated areas were kept away from public life.
“We are letting Islamization creep in to the point where we will not be able to say no,” she said. “Society is being eaten from within.”
Rosander called for a halt to new mosque construction, restrictions on the niqab and burqa in public, and a ban on children wearing Islamic veils.
She also rejected the language of integration. “I think we should talk about assimilation,” she said.
Swedish society, Rosander argued, should not continually adapt to newcomers who maintain separate cultural and social systems. She criticized multilingual municipal information, saying it removed incentives to learn Swedish.
Rosander further claimed that parallel structures were facilitating welfare abuse, false address registration, and informal financial transfers through religious networks.
She described couples registering at separate addresses while remaining married under Islamic law, allowing them to claim additional housing and benefits.
“The woman receives housing allowance, extra allowance and an apartment for her children,” she said. “The man also receives an apartment that he rents out illegally.”
Rosander also warned that foreign criminal gang networks were deeply established in Uppsala’s vulnerable districts. “We absolutely have gang structures in our society,” she said.
She said extended families repeatedly appeared in criminal investigations and described reports of business owners being forced to pay protection money.
“It’s classic mafia,” she said. “I see clan and mafia as basically the same thing.”
“It’s not the Swedes. These are foreign groups that have connections to organized crime and networks,” Rosander added.
“It is not Swedish youth who commit these crimes.”
Rosander called for stricter background checks for sensitive public-sector positions, arguing that clan loyalty could override loyalty to Swedish institutions.
She also criticized Uppsala Municipality for allegedly failing to scrutinize the foreign funding of Muslim associations and mosque projects.
“If you can’t account for 100 percent where the money comes from, it should never be opened,” she said.
Rosander supports an active remigration policy and wants Uppsala to establish a municipal unit focused on illegal residence, improper settlement, and misuse of public housing.
“For me, remigration is necessary,” she said.
She said Sweden’s success in reducing crime proved that its cultural decline could be reversed, but only if politicians were willing to confront uncomfortable realities.
“As a Swede, I should not have to change my life and start deviating from things that we in Sweden have always done just to suit someone else,” she said.
Read the full interview here.
END
BULGARIA/IRAN
this could be very explosive
Bulgaria Draws Iranian Warning Over Hosting US Military Tanker Aircraft
Thursday, Jul 23, 2026 – 02:45 AM
Bulgaria has for many years during the so-called Global War on Terror been a major Eastern European hub for US and Western weapons shipments as well as military aircraft transfers related to the Middle West.
But now Iran is paying close attention, putting the Bulgarian government on notice over a planned temporary deployment of up to eight American refueling aircraft.
The large military planes are set to be housed at Bezmer Air Base in the NATO country’s southeast. It is one of the few joint bases at which US forces have a lot of freedom of operation.
The request from Washington is being framed as a way to relieve pressure on Ben Gurion International Airport in Tel Aviv, where dozens of parked refueling tankers have disrupted normal commercial flight operations.
Additionally, it comes after a number of EU allies, especially Italy and Spain, have blocked US Air Force planes that are engaged in any way in Operation Epic Fury.
On Wednesday, the Bulgarian parliament voted to allow the US refueling planes to be based in the country:
Bulgaria’s parliament votes to allow the United States to base refueling planes in the country, as Donald Trump threatens to further escalate military attacks on Iran.
Washington made the request Friday, and parliament approved it with 136 votes in favor, 13 against and two abstentions.
Bulgaria will authorize the deployment of up to eight KC-135 tanker aircraft and up to 250 military personnel, tasked with supporting operations in the Middle East. They will be stationed at Bezmer Air Base in the southeast, from July 24 to October 1, 2026.
The Iranian Foreign Ministry has warned against Bulgaria becoming complicit in the US war. Tehran described that Bulgaria too will now be a participant in “aggression and war crimes.” Also this via Tasnim—
Iran Deputy FM Gharibabadi says “European governments need to be aware that providing bases and territory to the aggressor will put them among the aggressors.”
Back in April, when there were signs of moving American planes onto Bulgarian soil, Tehran sent Sofia a diplomatic note and protest cautioning against allowing this.
US European Command has meanwhile warned it is ready to respond if Iran threatens any kind of aggression or retaliation on Bulgaria.
“The United States maintains regional defensive capabilities across NATO’s eastern flank, including in Bulgaria, and works closely with the Bulgarian government and our allies and partners throughout the broader region,” the US command said. “We remain vigilant and prepared to counter any potential threats.”
Bulgaria itself has downplayed that these US planes will have a direct role in aggression against Iran, but it’s hard to see what say the Bulgarian government would have in how the US Air Force uses its planes.
end
GERMANY RUSSIA
Lavrov To Challenge Germany’s Bid For French Nuclear Shield In Rubio Talks
Wednesday, Jul 22, 2026 – 11:00 PM
Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio are expected to hold an important, rare meeting on Thursday to address shaky bilateral relations in the context of the Ukraine war, as well as recent nuclear rhetoric out of European NATO countries.
The Kremlin is especially alarmed at the German government’s intent to gain access to nuclear weapons, based on new defense agreements with France and its ‘nuclear umbrella’. German Chancellor Friedrich Merz unveiled late last week: “Alongside this work on a shared doctrine, German conventional forces will this year take part in a nuclear exercise of the French military.”
The Russian FM has newly responded just the day prior to the Rubio meeting: “And this is truly alarming, considering that, for example, the US nuclear program was largely created by people who fled Germany and were taken there. That memory does not fade.”
Lavrov in the remarks to the press previewing the top level dialogue warned that ongoing US aggression in places like Iran and the Middle East could push an array of non-nuclear sakes to quickly seek atomic weapons, on fears of attack from Washington or its allies.
The meeting with Rubio will be “useful in any case” Lavrov stated, underscoring that Moscow has many open, pressing questions for the Trump administration concerning its current policies. “It’s better to ask questions directly and receive answers,” Lavrov noted.
Lavrov seized on some of President Trump’s recent comments on forging peace in Ukraine, at a moment the air war has clearly been ramping up, especially given that Ukrainian drone strikes have increasingly penetrated into the Moscow region. “Regarding Trump’s prediction of an imminent settlement, I will ask Marco Rubio tomorrow,” Lavrov said according to TASS.
He also said that Russia continues to adhere to principles put forward at the Putin-Trump Alaska summit in Anchorage, in August 2025. “We assume that, at least for now, our American colleagues have not revoked their own proposals, which were voiced in Anchorage and which are now well known to everyone,” Lavrov stated.
But he also previewed that he’ll raise the issue of deepening US involvement with Ukrainian intelligence and the military, per TASS:
The US is not simply assisting, but directly participating in, the targeting of Ukrainian weapons at facilities in Russia, including civilian ones:
“But of all people, the Americans, through arms supplies funded by the European Union and through the provision of intelligence – the Starlink system and much more – are not simply assisting, but directly participating in the targeting of Ukrainian weapons at facilities, including civilian ones, on Russian territory.”
Concerning the ongoing tit-for-tat attacks on Black Sea shipping, as well as the question of a safe energy corridor, the top Russian diplomat said, “When asked about the Black Sea Initiative, the answer is short: there were no proposals.”
Lavrov also said to reporters that recent claims out of Eastern European and Baltic leaders that Russia is preparing some kind of attack or sabotage inside the EU is a fabrication and born out of sensationalism and propaganda.
“Vladimir Putin was asked about the EU’s preparations for war, and he very clearly answered that we have no intention of attacking anyone, but if they, having once again gathered all of Europe under certain banners, try to attack us, it will no longer be a conventional war. It will be a different kind of war,” Lavrov warned
Lavrov also highlighted the persisting Iran conflict in the pre-Rubio meeting remarks, saying it’s hard to speculate, but “I have the feeling that continuing hostilities is not in the interests of either the United States or Iran.”
Russia wants the Hormuz crisis to quickly end, Lavrov said. He also batted down allegations that Russia is weaponizing the Iranian side and helping fuel the war, saying this is “embarrassing to hear” and that ultimately “We want this to stop. It affects the global economy, and Russia is part of the global economy.”
Currently, the Russian military seems bent on ‘punishing’ Ukraine for its long-range strikes deep inside Russian territory, which has hit oil depots and key energy sites in particular. This has included huge ballistic missile strikes on the Ukrainian capital. These salvos have been getting bigger and bigger of late.
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS//
WEDNESDAY NIGHT//ISRAEL/IRAN/USA
IRGC To Trump: Strike Iran’s Infrastructure, We’ll Shut Off The Gulf’s Power
Wednesday, Jul 22, 2026 – 04:25 PM
Summary
- Trump ultimatum: Trump vowed the US will strike an Iranian bridge or power plant after every Iranian attack on shipping.
- Iran responds: The IRGC threatened to hit Gulf energy infrastructure if Iranian infrastructure is attacked, saying it will cut off electricity among US allies.
- Latest Gulf missile attacks: Iran claimed attacks on US-linked targets in Bahrain, Saudi Arabia, and Jordan.
- Nuclear tensions: Iran denied nuclear activity at Pickaxe Mountain, calling US claims a ‘fabricated pretext’ for attack.
- Oil climbs: Renewed Gulf attacks and shipping threats continued to lift oil prices.
* * *
Iran Responds to Trump Ultimatum: We’ll Turn The Lights Off In Gulf
A top IRGC official has responded to Trump’s Bridge attack for each shipping attack ultimatum (see below). Iranian IRGC Aerospace Commander Mousavi has threatened that Iran will cut off electricity to America’s Gulf Allies if Iranian bridges or power plants are attacked, Tasnim News Agency.
“If the Americans target an Iranian bridge or power plant, Iran will respond by striking infrastructure and bridges across the region, including energy facilities in which the United States has interests,” the official said according semi-official news agency Tasnim.
“The Americans should by now, after these past ten days, be fully convinced that Iran strikes wherever it decides to strike. Therefore, any such gamble by Trump will once again end in his embarrassment,” the IRGC commander added.
Separately, Iran’s deputy foreign minister briefed 25 European ambassadors and charges d’affaires in Tehran on the status of the conflict. “I reminded them that in the 40-day war, we imposed a severe defeat on the aggressors. In this new round of military aggression as well, we will resolutely defend our homeland and national interests,” Kazem Gharibabadi posted on X.
“These wars have created no strategic gains for America and only endanger regional and global peace and security. I also said that Europe is expected to safeguard the United Nations Charter and international law and to condemn aggression,” he added.
Iran has continued to sound an “eye for an eye” theme, and has not backed down in the face of Trump’s fresh threats…
Meanwhile, Iran is touting that it still possesses a very significant missile stockpile, as it is still producing even as US bombs fall:
Trump: US Will Destroy A Bridge Or Power Plant For Each Iranian Attack On Shipping
More telegraphing of intent from President Trump in the below Truth Social Post… he said the US military will “bomb and destroy” one bridge or power plant – including in Tehran – each time the Iranian military shoots at a ship in the Strait of Hormuz. This comes a day after he unveiled the US military plans to conduct a large bombing of Iran’s Pickaxe Mountain nuclear complex, which is heavily fortified.
But the Iranians have already long demonstrated they won’t alter course in the face of such threats, especially bluster from Trump over social media, and so this unlikely to be any kind of fix for Washington, as Tehran has vowed to keep control of Hormuz at all costs. The Pentagon has argued that things like bridges are ‘dual use’ as the Iranian military uses them to get supplies from one region to another, while international monitors have highlighted the potential for war crimes. The Iranians have in turn widened attacks on Gulf states to include key civic infrastructure, like water desalination plants (in Kuwait) – each time their own infrastructure gets hit.
Iran: Pickaxe Mountain Rhetoric is ‘Fabricated Pretext’
Amid continued fighting which has included explosions heard in Tehran overnight and in the south, Iran’s leadership has condemned the Trump administration’s “obsessive focus on Kolang Kouh where no nuclear activity is taking place is nothing more than a fabricated pretext for aggression, destruction, and sabotage,” according to Foreign Minister spokesman Esmail Baghaei in a post on X, referring to Pickaxe Mountain.
He pointed out that all of Iran’s nuclear activity has long been fully declared to the IAEA, and so the repeat threats out of Washington to mount a major attack on it is a “flagrant violation” of UN charter and international law. Trump had said the day prior that the US military will be hitting Pickaxe mountain “pretty soon very heavily and there is nothing they can do about it.“
Even some supporters have quested why the US Commander-in-Chief would so casually telegraph his intentions, saying the Pentagon loses an operational edge in revealing such plans.
There’s been a lot of sudden focus on Pickaxe Mountain, though it had largely been absent from all prior media coverage of the war, due to Israeli intelligence feeding it to US mainstream press. “Israeli intelligence believes Iran moved thousands of uranium-enrichment centrifuges into tunnels deep inside a mountain last fall, Israeli and U.S. officials say, a development that would heighten concerns that Tehran could reconstitute its nuclear program,” The Wall Street Journal wrote Tuesday.
“Israel passed along the intelligence findings to the U.S., saying the centrifuges were transferred to the Pickaxe Mountain site last fall after the 12-day war in June when American and Israeli strikes pummeled Iran’s three main nuclear sites,” it added.
US Bases in Gulf Under Renewed Attack
And now, by all accounts, more aircraft, refueling planes, and heavy military hardware continue to be transferred from Europe and into the Central Command area of responsibility.
The Iranians might view this as more simply extra targets to be taken out, however, as Gulf countries continue to see inbound attacks. Missile alerts have been sounding Wednesday in Saudi Arabia, and again in Bahrain. ISNA reports (via Newsquawk): Drone and missile attacks on Bahrain and Saudi Arabia; US Fifth Fleet in Bahrain and US base in Saudi Arabia targeted:
- Bahrain has faced almost daily bombardment recently due to hosting the US Fifth Fleet headquarters.
- Saudi Arabia has been pulled into the firing line after the collapse of a previous multi-year ceasefire with Iranian-backed factions.
US Troops Under Iranian Missiles in Jordan
Soldiers in Jordan seem to be prime targets of Iranian ballistic missiles, in an extremely dangerous situation, after several American soldiers already died there in the past week:
Jordan too continues to see significant inbound projectiles from Iran. Iranian state media has newly announced that F-15 warplanes, drone preparation infrastructure and a helicopter storage facility at Prince Hassan and King Faisal bases were targeted in recent ballistic missile launches.
IRNA news agency claimed that eight new American MQ-9 drones were destroyed and two others “severely damaged” in the attack, and in addition two helicopters were damaged.
The fresh Wednesday morning initial reports of potential further inbound missile on Bahrain and Saudi Arabia have pushed oil prices higher.
Rubio on Iran-Led Axis of ‘Troublemakers’
Meanwhile Secretary of State Marco says the US is in contact with Saudi officials over the ongoing threat by Yemen’s Houthis to attack commercial vessels and disrupt Saudi shipping in the vital Bab al-Mandeb waterway in the Red Sea. This is squeezing global oil further.
“We’ve been engaged with the Saudis a number of times over the last week in regards to that threat. It’s not a new threat, but it’s one that’s manifested itself in the past,” he told reporters in his latest remarks.
More evidence of serious damage and destruction at American military outposts in Jordan:
In words which Tehran officials will surely not find terrifying or overly threatening, Rubio continued: “At the gist of that issue is the fact Iran is in the middle of it. Talking about the troublemaker of the region, it’s Iran.”
“It’s just another example: the Houthis, Hezbollah, the militias in Iraq, Hamas – this is what Iran spends its money on, not on its people, on supporting terrorist organizations and destabilizing actors in the region,” he added in Washington’s characteristic ‘axis-speak’ of ‘rogue actors’.
TBN ISRAEL
RUSSIA VS UKRAINE
6/.GLOBAL ISSUES, COVID ISSUES, VACCINE INJURIES/HEALTH ISSUES
GLOBAL ISSUES
MARK CRISPIN MILLER
DR PAUL ALEXANDER…
| Forwarded this email? Subscribe here for more Is it ok for Saudi to go nuclear? Who made this decision within USA to do this? Does this weaken the US and Israel argument that Iran cannot be nuclear? Is Saudi as big a threat? why or why not? yourview? ‘SAUDI GOES NUCLEAR’, should we be concerned? what is to stop Saudi Arabia from using the nuclear rods etc. to enrich and then make nuclear weapons against Israel or other Gulf States or USA?Dr. Paul AlexanderJul 22      READ IN APP  Some say now that our POTUS Trump has become Jimmy Carter. Your opinion? I cannot see the similarity.Should we be concerned re the Saudi US agreement on nuclear? Is this a step in wrong direction?  |
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 ISSUES
U.S./GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS THURSDAY 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: 1.1425 UP 0.0013
USA/ YEN 163.30 UP 0.230 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!! BANK OF JAPAN WILL NO LONGER DO QE. URGES PENSION AND INSUANCE FUNDS TO BUY JAPANESE BONDS
GBP/USA 1.3372 DOWN 0.0013 OR 13 BASIS PTS
USA/CAN DOLLAR: 1.4069 DOWN 0.0017 //CDN DOLLAR UP 17 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED UP 9.74 PTS OR 0.25%
Hang Seng CLOSED DOWN 258.40 PTS OR 0.39%
AUSTRALIA CLOSED DOWN 0.71%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 281.84 PTS OR 1.13%
/SHANGHAI CLOSED UP 9.74 PTS OR 0.25%
AUSTRALIA BOURSE CLOSED DOWN 0.71%
(Nikkei (Japan) CLOSED UP 258.40 PTS OR 0.39%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: $4096.50
silver:$58.95
USA DOLLAR VS TRY (TURKISH LIRA): 47.24 UP 2 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: 78.41 ROUBLE// DOWN 0 ROUBLE AND 44 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: 5.0830 UP 5 BASIS PTS
UK 30 YR BOND YIELD: 5.775 UP 4 BASIS PTS
CDN 10 YR BOND YIELD: 3.592 UP 3 BASIS PTS
CDN 5 YR BOND YIELD; 3.221 UP 5 BASIS PTS
USA dollar index early THURSDAY MORNING: 100.89 UP 2 BASIS POINTS FROM WEDNESDAY’s CLOSE
THURSDAY MORNING NUMBERS ENDS
And now your closing THURSDAY NUMBERS 10.00 AM
Portuguese 10 year bond yield: 3.554% UP 3 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.730% UP 1 FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.880 DOWN 1 BASIS PTS//
SPANISH 10 YR BOND YIELD: 3.656 UP 3 in basis points yield
ITALY 10 YR BOND: 4,034 UP 4 points in basis points yield ./
GERMAN 10 YR BOND YIELD: 3.1892 UP 2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY THURSDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/10:00 AM
Euro/USA 1.1409 UP 0.0007 OR 7 basis points
USA/Japan: 163.09 DOWN 0.097 OR YEN IS UP 10 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 5.0556 UP 2 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.763 UP 2 BASIS POINTS.
Canadian dollar UP 15 BASIS pts to 1.4092
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY 6.77321ON SHORE ..DOWN
THE USA/YUAN OFFSHORE// CNH DOWN TO 6.7750
TURKISH LIRA: 47.22 PLUS 2 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
Your closing 10 yr US bond yield UP 2 in basis points from TUESDAY at 4.6444% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 5.144 UP 1 basis points /10:00 AM
USA 2 YR BOND YIELD: 4.274 UP 1 BASIS PTS.
DATA FROM THIS POINT NOT UPDATED.
GOLD AT 10;00 AM 4117.50
SILVER AT 10;00: 58.89
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates THURSDAY
DAY CLOSING TIME 10:00 AM///
London: CLOSED UP 143/12 PTS OR 1.35%
GERMAN DAX: CLOSED UP 164.65 PTS OR 0.66%
FRANCE: UP 82.43 OR 0.99 PTS
Spain IBEX CLOSED UP 204.20 PTS OR 1.05 %
Italian MIB: CLOSED UP 499.04 PTS OR 0.95%
WTI Oil price 86.85 10.00 EST/
Brent Oil: 94.93 10:00 EST
USA /RUSSIAN ROUBLE /// AT: 78.55 ROUBLE DOWN 0 AND 18 / 100
CDN 10 YEAR RATE: 3.597 UP 4 BASIS PTS.
CDN 5 YEAR RATE: 3.201 UP 6 BASIS PTS
CLOSING NUMBERS: 4 PM//
Euro vs USA 1.1411 UP 0.0009 OR 9 BASIS POINTS//
British Pound: 1.3372 DOWN 0.0006 OR 6 basis pts/
BRITISH 10 YR GILT BOND YIELD: 5.0384 UP 1 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.752 DOWN 0 IN BASIS PTS.
JAPAN 10 YR YIELD: 2.741 UP 2 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.866 DOWN 2 PTS AND STILL VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 163.134 DOWN 0.0.053 OR YEN UP 5 BASIS PTS//GETTING FURTHER AWAY FROM 160.00/ EXTREMELY DANGEROUS
USA dollar vs Canadian dollar: 1.4086 DOWN 0.0019 PTS// CDN DOLLAR UP 19 BASIS PTS
West Texas intermediate oil: 87.14
Brent OIL: 94.30
USA 10 yr bond yield UP 4 BASIS pts to 4.665
USA 30 yr bond yield: UP 2 PTS to 5.153%
USA 2 YR BOND 4.306 UP 5 PTS
CDN 10 YR RATE 3.602 UP 4 BASIS PTS
CDN 5 YEAR RATE: 3.219 UP 6 BASIS PTS
USA dollar index: 100.99 UP 22 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 47.21 UP 2 BASIS PTS GETTING QUITE CLOSE TO BLOWING UP/IDIOTS SOLD GOLD
USA DOLLAR VS RUSSIA//// ROUBLE: 77.97 UP 0 AND 40/100 roubles //
GOLD $4134.50 3:30 PM)
SILVER: 59.83 3;30 PM)
DOW JONES INDUSTRIAL AVERAGE: DOWN 5.29 POINTS OR 0.01%
NASDAQ 100 DOWN 157.08 PTS OR 0.58%
VOLATILITY INDEX 16.87 DOWN 0.21 PTS OR 1.06%
GLD: $ 379/12 UP 4.31 PTS OR 1.15%
SLV/ 53.92 PTS UP 0.84 OR 1.58%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 107.30 PTS OR 0.30%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
MegaCaps Dump Into Earnings, Bullion & Bond Yields Jump As Oil Puts July Rate-Hike Back On Table
WRAP UP;
USA DATA RELEASES
USA ECONOMIC REPORTS
Secret Service Official Sounds Alarm: “Threat Environment Highest Ever” As Assassination Attempts Explode
Wednesday, Jul 22, 2026 – 06:00 PM
The threat environment facing individuals under U.S. Secret Service protection, including President Trump, is the highest the agency has ever recorded, a senior official said during a background briefing with reporters, according to CNBC.
Getty Images
“What we’re seeing now is something I’ve never seen before,” the official said, speaking on condition of anonymity ahead of a public briefing.
The Secret Service has logged roughly 10,000 cases involving threats against government officials, including Supreme Court justices, so far in 2026 – a 40% increase from the same period a year earlier.
“They’re increasing in volume and complexity,” the official warned. The agency has also recorded a tenfold increase in mental-health commitments of individuals suspected of threatening protectees.
The remarks landed a week after Justice Amy Coney Barrett told a House subcommittee that threats against her and her colleagues on the Court have risen sharply.
Why They’re Briefing Now
The timing is not incidental. The briefing came ahead of Friday’s rescheduled White House Correspondents’ Association dinner at the Waldorf Astoria, which Trump is expected to attend.
It needed rescheduling because of what happened at the last one. In April, a man carrying a shotgun, a handgun and knives stormed a security checkpoint at the Washington Hilton during the dinner, with the president in attendance, before being apprehended. Cole Tomas Allen now faces charges of attempting to assassinate the president.
That was not an isolated event. On May 4, a man was wounded in a firefight with Secret Service personnel near the Washington Monument. Three weeks later, on May 23, a gunman approached the White House while Trump was inside the residence, drew a firearm and discharged multiple rounds before being fatally shot by agents. In February, Secret Service and local police shot and killed a man armed with a shotgun who had breached a secure perimeter at Mar-a-Lago.
Four incidents in six months, at four separate protected sites. That is the ledger behind the 40% figure.
The Butler Problem
The current alarm builds on two assassination attempts in 2024. On July 13 of that year, gunman Thomas Matthew Crooks opened fire at a campaign rally in Butler, Pennsylvania, killing attendee Corey Comperatore and seriously wounding two others.
An Office of Inspector General report found that the Secret Service missed more than 100 radio transmissions from local law enforcement about a suspicious individual – now believed to be Crooks – armed with a rangefinder and rifle. Agents failed to relay critical warnings, establish proper joint communications, or secure the rooftop vantage point.
Those findings describe a catastrophic operational breakdown. They do not describe complicity, and the OIG made no such finding. But for the family of the man who died there, the distinction has offered cold comfort.
Comperatore’s widow, Helen Comperatore, made headlines last week when she suggested the attempt on Trump’s life was “an inside job.”
“I believe he was working with somebody,” she told NewsNation. “I believe it was an inside job, inside the government somewhere.” No investigation has produced evidence supporting that claim, and the agency has attributed the failures to breakdowns in communication and planning.
Two months after Butler, a Secret Service officer fired at another gunman, Ryan Routh, who had concealed himself in shrubbery near the perimeter of Trump International Golf Club in West Palm Beach, Florida. Routh was convicted in Florida federal court last September of attempting to assassinate the president, among other charges, and is serving a life sentence.
The Problem Above The Perimeter
The concern growing fastest inside the agency is one that walks past every countermeasure it has spent a century building. Drones approach from outside conventional security perimeters and cannot be screened, wanded, or turned away at a checkpoint.
The scale is no longer theoretical. The FBI said this week it seized more than 700 illegal drones and detected roughly 1,600 in total across the eleven U.S. stadiums hosting World Cup matches – venues holding tens of thousands of people at a time.
Secret Service Director Sean Curran has said the agency is examining “kinetic solutions – something that we haven’t done before,” and has pushed its technology division to move faster. The OIG’s Butler review separately faulted the agency’s counter-drone training and preparedness, a gap it has since worked to close.
The Foreign File
More recently, Israel shared intelligence with the U.S. indicating a fresh Iranian plot to assassinate Trump, according to the Wall Street Journal. Iran has for years publicly vowed retaliation for the 2020 killing of Islamic Revolutionary Guard Corps commander Qassem Soleimani, and the ongoing war has sharpened concern about foreign actors targeting the president.
U.S. Secret Service Director Sean Curran testifies during the House Appropriations Homeland Security Subcommittee hearing in the Rayburn building in Washington, April 16, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Image
END
House Passes Defense Policy Bill That Attaches SAVE America Act
Wednesday, Jul 22, 2026 – 09:45 PM
Authored by Jackson Richman via The Epoch Times,
The House of Representatives on July 22 passed a $1.15 trillion defense policy bill that attaches a key election integrity bill championed by President Donald Trump.
The tally for the National Defense Authorization Act (NDAA) was 216–212.
Six Democrats crossed the aisle to back passage of the bill, while six Republicans – among them Reps. Eli Crane (R-Ariz.) and Chip Roy (R-Texas) – opposed the bill.
Amendments introduced by Republicans were voted on late on July 21; some of them passed and some were rejected. One amendment that passed was cutting the defense budget by 0.5 percent if the Pentagon fails an audit. The amendment, which passed by voice vote, cut funding that would go to the Treasury Department. Exempted from the amendment are military personnel, reserve personnel, National Guard troops, and Defense Health Program accounts. The Pentagon failed its eighth consecutive audit in 2025.
With the final vote, Republicans agreed to attach their election integrity bill, the Safeguard American Voter Eligibility (SAVE) America Act, to the defense measure following its passage. House Republicans have attached the SAVE America Act to other major bills passed this month by the lower congressional chamber and forwarded to the Senate.
The House passage comes a week after Senate Democrats blocked a procedural vote to advance the NDAA in the upper congressional chamber. The tally was 50–46, and Senate Majority Leader John Thune (R-S.D.) switched his vote from yes to no so that he could again bring up the motion to invoke cloture, which requires 60 votes to overcome a filibuster.
The Senate Armed Services Committee advanced the bill to the Senate floor on June 11 in a bipartisan 18–9 vote.
However, Republicans and Democrats failed to agree on top-line defense and non-defense spending levels, creating tension between the two sides.
Democrats cited the resumption of the war in Iran as a reason for their opposition to the procedural vote.
“Now the White House has formally notified Congress that hostilities have resumed, that American strikes are underway again and our forces remain positioned for more,” Senate Minority Leader Chuck Schumer (D-N.Y.) said on the floor before the vote.
“Yet Republicans want the Senate to take up the NDAA, the defense bill, as though none of this is happening.”
Senate Armed Services Committee Chairman Roger Wicker (R-Miss.) said the vote was unprecedented.
“It’s unprecedented not to pass the motion to proceed on the NDAA, and it reflects a decision and a mindset on the part of … Schumer not to cooperate at all because so much of this has been done on a bipartisan basis,” he said.
“It really is a new low.”
The $1.15 trillion measure would allocate almost $1.1 trillion to the Department of War, more than $41.14 billion to the Energy Department to manage the nation’s nuclear arsenal, and $11 billion to other defense-related activities.
The NDAA includes a 3.6 percent pay raise for all military members.
It would also fund educational agencies affected by the enrollment of military and Department of War civilian dependents.
Many House conservatives have for weeks pushed for House leaders to put pressure on the Senate to pass the SAVE America Act.
The legislation is highly favored by President Donald Trump, who has called it a “common sense” measure to require photo ID to register to vote and ensure that only eligible voters cast ballots.
Critics of the bill say that it would make it harder to vote, imposing strict requirements that would require most Americans to have either a U.S. passport or a copy of their birth certificate to vote.
Democrats in the Senate have vowed to oppose the bill, and its prospects with the upper chamber’s Republicans are unclear.
In view of these difficulties, Republicans are also pursuing passage of a grant-style program that would provide rewards for states that pursue programs similar to the SAVE America Act.
KING NEWS
SWAMP STORIES FOR YOU TONIGHT
RFK Jr. Says Government Pausing More Than $1 Billion In Medicaid Payments To California, Minnesota
Wednesday, Jul 22, 2026 – 07:15 PM
Authored by Zachary Stieber via The Epoch Times,
The federal government is pausing more than $1 billion in Medicaid payments to two states, Health Secretary Robert F. Kennedy Jr. said. The Centers for Medicare and Medicaid Services (CMS) is withholding more than $867 million from California and more than $200 million from Minnesota.
Advanced analytics, identified through financial investigation and artificial intelligence, identified suspicious activity and potential fraud, officials said.
“Every dollar the federal government allows to be lost to fraud, waste, and abuse is a dollar stolen from American patients and the American taxpayer. That’s money that should be going to legitimate health care,” Kennedy told a press conference in Washington.
He added later, “If those states want that money, they need to provide documentation that these payments are legitimate.”
Minnesota Gov. Tim Walz, a Democrat, told The Epoch Times via email, “The Trump Administration is cutting more money in healthcare than they’ve prosecuted for fraud. The math doesn’t add up. They’re not punishing fraudsters, they’re punishing children, seniors, working families, and people with disabilities. This is about cutting healthcare for people they don’t care about in their campaign of retribution against Minnesota.”
Walz’s office said that he has been combating Medicaid fraud, including halting 745 payments since January.
California Gov. Gavin Newsom said on X that California was being targeted for political reasons.
“We hate fraud. That’s not what this is. And we stand ready to collaborate with CMS in good faith efforts to combat fraud,” he wrote.
Medicaid is a federal health program. About 67 million Americans were enrolled in Medicaid as of March. Medicaid is administered by states, which must follow federal requirements, and is funded by both the federal government and states.
Dr. Mehmet Oz, the CMS administrator, told reporters on Tuesday that officials want the states to help the federal government make sure the funds are going to “real people with real problems getting real care.”
Among the problems identified, he said, was the federal government being charged for providers providing care for deceased people and providers billing for services provided more than a year prior.
He also said that California’s spending on support services for people at their homes increased 24 percent in recent years, which was about twice the average across the other states.
“If it smells like fraud, we’re not paying for it anymore,” Oz said.
Dan Brillman, director of Medicaid, said during the briefing that the Trump administration is still withholding an additional $259 million from Minnesota and $1.3 billion from California that officials said they were pausing earlier in the year.
Federal Trade Commission Chairman Andrew Ferguson, vice chairman of the White House’s Anti-Fraud Task Force, said on Tuesday that the administration is also focused on sending people who commit fraud to jail, pointing to how federal prosecutors in June said they’ve charged 455 people, including 90 doctors and other medical professionals with licenses, with participating in health care fraud and opioid abuse op
GREG HUNTER..
harveyorganblog.com 
