ONLY PUBLISHING PRELIMINARY COMEX OPEN INTEREST NUMBERS AND AMOUNTS STANDING
GOLD CLOSED UP 42 TO $4092.50
SILVER CLOSED UP $1.05 TO $59.22
JULY 27
GOLD: NUMBER OF NOTICES FILED FOR JULY/2026: 0 CONTRACTs NOTICES FOR NIL OZ or .NIL TONNES
total notices so far: 12,870 contracts FOR 1,287,000 OZ OR 39.741 TONNES
MONTH TO DATE: 9,162
SILVER NOTICES: 3 NOTICE(S) FILED FOR 15,000 OZ /
total number of notices filed so far this month : 9165 CONTRACTS (NOTICES) for 45.825 million oz
GLD AND SLV
GLD
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 ZERO CONTRACT QUEUE JUMP OR 0.000MILLION STANDING REMAINS AT 45.840 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: 33.705 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 0OZ QUEUE JUMP //STANDING THUS REMAIN AT 45.840 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 0.000 TONNES/ TO WHICH WE ADD OUR FIRST EXCHANGE FOR RISK 0F 0.0062 TONNES/NEW STANDING ADVANCES TO 40.0462TONNES
GOLD PRICE ROSE BY $21.50
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 0.000 TONNES/ PLUS 0.0062 TONNES EX FOR RISK///NEW STANDING FOR GOLD ADVANCES TO 40.04062TONNES.
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: 129.237 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 TINY 75CONTRACTS TO AN OI OF 106,803
EFP ISSUANCE 0 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 15 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 75 CONTRACTS AND ADD TO THE 0 E.FP. ISSUED
WE OBTAIN A SMALL GAIN OF 75 OI OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR GAIN OF $0.96
THUS IN OUNCES, THE GAIIN ON THE TWO EXCHANGES TOTALS 0.375 MILLION PAPER OZ
STANDING REMAINS AT 45.840 MILLION OZ
SILVER PRICE GAINED $0.96
2.ASIAN AFFAIRS JULY 27 /2025
SHANGHAI CLOSED UP 44.05 PTS OR 1.15%
HANG SENG CLOSED UP 243.95 PTS OR 0.98%
Nikkei CLOSED UP 426.85 PTS OR 0.68%
//Australia’s all ordinaries CLOSED UP 0.92%
//Chinese yuan (ONSHORE) CLOSEDUP TO 6.7661
/ OFFSHORE CLOSED UP AT 6.7668 Oil UDOWNTO 82.87dollars per barrel for WTI and BRENT DOWN TO 82.87 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7661 OFFSHORE YUAN TRADING UP TO 6.7668)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 FELL BY A STRONG 12,7135 CONTRACTS TO 376,079 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 SOME T.A.S. LIQUIDATION DURING FRIDAY’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 SMALL SIZED GAIN ON OUR TWO EXCHANGES (5134CONTRACTS) OCCURRED WITH OUR STRONG GAIN IN PRICE IN GOLD (UP $21.50)
WE THUS HAD A SMALL SIZED GAIN IN OI ON BOTH OF OUR EXCHANGES (705 CONTRACTS), WITH OUR GAIN IN PRICE, AS WE WERE INFORMED OF A MONSTER CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE EQUATING TO 12,840 CONTRACTS.
THEN WE WERE NOTIFIED TODAY OF A 2 CONTRACT FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 2000 OZ OR 0 .00622TONNES OF GOLD.
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 2 FOR 200 OZ OR 0.00622 TONNES
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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 2 FOR 200 OZ OR 0.00622 TONNES. I DOUBT VERY MUCH THAT THIS IS A CENTRAL BANK
DETAILS ON OUR NEW JULY COMEX CONTRACT MONTH//
IN TOTAL WE HAD A SMALL GAIN ON OUR TWO EXCHANGES OF 705 CONTRACTS WITH OUR GAIN IN PRICE ($21.50). 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 980 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: 2 SO FAR FOR 200 IZ IR 0.00622 TONNES
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 0.0000TONNES//NEW STANDING ADVANCES TO 40.0404TONNES PLUS 0.00622 TONNES EXHANGE FOR RISK// NEW TOTAL 40.0462 TONNES . TOTAL QUEUE JUMPING SO FAR: 16.794 TONNES OR 0.9878 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 SUNUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $21.50
WE HAD SOME T.A.S. SPREADER LIQUIDATION FRIDAY // 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
FRIDAY NIGHT/SATURDAY MORNING
THE CROOKS COULD NOT STOP OTHER CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL FRIDAY EVENING //SATURDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $21.50
WE HAD XXX CONTRACTS ADDED TO OUR OI AT THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES: 705 CONTRACTS OR 70500 OZ (2.169TONNES)
JULY DELIVERY MONTH
JULY 27
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | ONE ENTRY i) Out of HSBC: 160.755 5 kilobars oz total withdrawal; 160.755 oz |
| Deposit to the Dealer Inventory in oz | 0 ENTRY |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER//gold NTRIES: 2 i) Into Loomis Customer acct: 9645.000oz (300 kilobar)s ii) Into Stonex 96,453 oz (3 kilobars) total deposit: Customer acct 9741.35 oz (3003 kilobars) of ,3003 tonne xxxxxxxxxxxxxxxx |
| No of oz served (contracts) today | 0 CONTRACTS OR NIL OZ 0.000TONNES OF GOLD |
| No of oz to be served (notices) | 3 Contracts 300 OZ 0.0009 TONNES |
| Total monthly oz gold served (contracts) so far this month | 12,870 notices 1,287,000 OZ 40.031TONNES |
| Total accumulative withdrawals of gold from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of gold from the Customer inventory this month |
dealer deposits: 0
DEPOSITS/CUSTOMER
ENTRIES: 2
i) Into Loomis Customer acct: 9645.000oz (300 kilobar)s
ii) Into Stonex 96,453 oz (3 kilobars)
total deposit: Customer acct 9741.35 oz
(3003 kilobars) of ,3003 tonnes
xxxxxxxxxxxxxxxxxx
comex withdrawal
ONE ENTRY
ONE ENTRY
i) Out of HSBC: 160.755
5 kilobars oz
total withdrawal; 160.755 oz
adjustments: 1//customer to dealer brinks
8005.597 oz (249 kilobars)
COMEX IS DRAINING GOLD
chaos inside the comex
THE FRONT MONTH OF JULY OI STANDS AT 3 CONTRACTS HAVING A LOSS OF 93 CONTRACTS. WE HAD A GAIN IN OZ STANDING OF 3 CONTRACTS FOR 300 OZ OR 0.0096 TONNES, ANOTHER QUEUE JUMP AS CENTRAL BANKS CONTINUE TO TAKE PHYSICAL GOLD OUT OF THE COMEX!!
AUGUST LOST 34,103 CONTRACTS TO AN OI OF 139,888
SEPTEMBER LOST 98 CONTRACT UP TO AN OI OF 2643
.
We had 8 contracts filed for today representing 800 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 80contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for JULY. /2026. contract month, we take the total number of notices filed so far for the month (12,870) to which we add the difference between the open interest for the front month of JULY (3 CONTRACTS) minus the number of notices served upon today 0x 100 oz per contract) equals 1,287,300 OZ OR (40.0404 Tonnes of gold)then we add our first exchange for risk of 2 contracts for 200 oz or .00622..new standing 40,0462 tonnes.
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 (12,870) to which we add the difference between the open interest for the front month of JULY( 3) contracts minus the number of notices served upon today 0 x 100 oz per contract) equals 1,287,300 OZ OR (40.0404Tonnes of gold) plus 0.0096 tonnes exchange for risk..new standing 40.0362
Yesterday’s standing: 40.0404 tonnes//today: 40.0404tonnes// (queue jump = 0. tonnes)
new total of gold standing in JULY becomes 40.0462 TONNES//
TOTAL COMEX GOLD STANDING FOR JULY 40.0462TONNES TONNES WHICH IS NOW REALLY HUGE FOR THIS NON ACTIVE DELIVERY MONTH OF JULY. ALSO THIS MAKES NO SENSE THAT WE HAVE A MASSIVE DEMAND FROM A CENTRAL BANK AND WHILE THIS IS GOING ON THEY RAIDED HUGELY THESE PAST FEW WEEKS?
confirmed volume THURSDAY confirmed 228,936/ fair// many have left the arena
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 1,825,758.183 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 27,017,403,730oz
TOTAL REGISTERED GOLD 14,756,941.186 tonnes (459.00onnes)
TOTAL OF ALL ELIGIBLE GOLD 12,224,218.270 oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 12,930,983oz ((REG GOLD- PLEDGED GOLD)=
402.207 Tonnes //
total inventories in gold declining rapidly
SILVER COMEX
JULY DELIVERY MONTH
JULY 27
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 entries i) into CNT: 30,170.710 oz total wuthdrawal 30,170,710 oz |
| Deposits to the Dealer Inventory | ENTRY:0 |
| Deposits to the Customer Inventory | ENTRY: 1 i) Into CNT 599,524.210oz total deposit: 599,524.210oz |
| No of oz served today (contracts) | 3 CONTRACT(S) ( 15,,000 OZ) |
| No of oz to be served (notices) | 3 Contracts (15,000 oz) OR .015 MILLION |
| Total monthly oz silver served (contracts) | 9165 contracts 45.825MILLION 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:0
DEPOSIT ENTRIES/CUSTOMER ACCOUNT
ENTRY: 1
i) Into CNT 599,524.210oz
total deposit: 599,524.210oz
xxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: customer side/eligible
1 entries
i) into CNT: 30,170.710 oz
total wuthdrawal 30,170,710 oz
adjustments :1
dealer ti customer Manfra: 103,790.510 oz
xxxxxxxxxxxxxx
TOTAL REGISTERED SILVER: 96.236 MILLION OZ//.TOTAL REG + ELIGIBLE. 330.856 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: 6 OPEN INTEREST CONTRACTS FOR A LOSS OF 318 CONTRACTS.
STANDING FOR SILVER TODAY IS REPRESENTED BY 44.840 MILLION OZ. YESTERDAY’S STANDING: 44.840MILLION OZ. THUS WE GAINED 0 CONTRACTS OR A ZERO QUEUE JUMP OF 0 OZ ..STANDING REMAINS AT 45.840 MILLION OZ
AUGUST SAW A LOSS OF 170 CONTRACTS DOWN TO 1654…
SEPTEMBER SAW A GAIN OF 141 CONTRACTS UP TO AN OI OF 81,726 CONTRACTS
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 23or 115,000oz
CONFIRMED volume FRIDAY; 40,178// 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 9165 X5,000 oz = 45.825 MILLION oz.
We now take the total number of oz standing today and subtract the total standing yesterday and we have a GAIN of 68 contracts for 0.340 MILLION oz and this represents a huge queue jump
YESTERDAY: 44.840 MILLION OZ//STOOD FOR DELIVERY// TODAY 45.840 MILLION OZ// THUS A ZERO QUEUE JUMP OF 0.
Thus the standings for silver for the JULY 2026 contract month: (9165 )Notices served so far) x 5000 oz + OI for the front month of JULY ( 6) minus number of notices served upon today (3x 5000 oz equals silver standing for the JULY..contract month equating to 45.840 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 96.236 million oz of registered silver
JPMorgan as a percentage of total silver: 137.898/330.856million: 41.70%
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//
JLY 272026/WITH GOLD UP 21.50 /HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.43TONNES OF GOLD INTO THE GLD. : //:/INVENTORY RESTS AT 1009.30TONNES
JLY 24/2026/WITH GOLD UP 21.50 /HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.43TONNES OF GOLD INTO THE GLD. : //:/INVENTORY RESTS AT 1009.30TONNES
JULY 23/2026/WITH GOLD DOWN 98.60 /HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.00 TONNES OF GOLD INTO THE GLD. : //:/INVENTORY RESTS AT 1007.87TONNES
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: 1009.30 TONNES, TONIGHTS TOTAL GOLD INVENTORY
SILVER
JULY 27 WITH SILVER UP $1.45: :NO CHANGES IN INVENTORY AT THE SLV : // :INVENTORY RESTS AT 484.413 MILLION OZ
JULY 24 WITH SILVER UP $1.45: :NO CHANGES IN INVENTORY AT THE SLV : // :INVENTORY RESTS AT 484.413 MILLION OZ
JULY 23 WITH SILVER DOWN 2.18: :HUGE CHANGES IN INVENTORY AT THE SLV : A DEPOSIT OF 0.723MILLION OZ OUT OF THE SLV// :INVENTORY RESTS AT 484.413 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 484.413 MILLION OZ OF SILVER
GOLD COMMENTARIES:
1.PETER SCHIFF
2. MATHEW PIEPENBERG/EGON VON GREYERZ
ALASDAIR MACLEOD.
Debt traps are being sprung everywhere
Debt traps are being sprung everywhere The threat to government finances from rising bond yields is becoming apparent to investors. They are crashing the entire dollar-based currency system starting with the yen. Alasdair Macleod Jul 26∙Paid      The political pressure on central banks has always been to suppress interest rates. Inevitably, this has led to a compounding explosion of government debt and a proliferation of zombie corporations. Thanks to the US ensuring that Hormuz remains bottled up and now the Bab el-Mandab strait as well, G7 nations face a severe slump in business activity crashing their government finances.Furthermore, the Keynesian playbook is for governments to expand credit in addition, to prevent economic slumps and recessions. Coupled with domestic political priorities G7 central banks will be forced to intensify suppression of interest rates and bond yields. It is leading all these nations into deeper debt traps.So, what is a debt trap? At the sovereign level, here is a definition:“A debt trap describes a country borrowing more than it can service. The debt becomes self-perpetuating because servicing costs outstrip the borrower’s capacity to pay it down.”In fact, G7 countries are already there, most obviously Japan whose government debt to GDP is about 240%. This is illustrated by the consequences for borrowing costs, which have started rising from the most suppressed base possible at less than 0%:  Japan is particularly exposed to the Hormuz crisis, with 93% of her oil and 11% of her LNG coming from the Middle East. Obviously, this dependence is driving her private sector into a slump in demand, which will reduce estimates of current and future GDP considerably. In other words, with the divisor in the debt/GDP ratio declining, the quotient ratches up even further.Consequently, borrowers have every reason to steer clear of Japanese government bonds, so that their yields will continue to rise, making the position considerably worse for the debtor. This is why interest on payday loans go to thousands per cent for desperate borrowers, and Japan is in the same trap. And the higher bond yields go, the worse the debtor’s position.Creditors simply steer clear of situations like this, which is why the yen is collapsing, even valued against its fiat currency peers: Very recently, Japan’s finance ministry requested households and pension funds including the huge Government Pension Investment Fund to increase their investment in Japanese financial assets. When a finance minister makes such a request, pension and other investment funds such as insurance companies cannot ignore it and must at least appear supportive of the national financial interest. They will stop investing in foreign assets.This request from the finance minister reveals that her ministry is worried to the point of panic. And they are right to be, for the reasons outlined above. In a nutshell, Japan is more exposed to this crisis than any other G7, all of which have other energy suppliers. For its debtors Japan is a basket case whose credibility is collapsing. Bond yields should soar with no discernible limit, and the yen which reflects Japan’s creditworthiness will collapse even further.Japan is an obvious trigger in this global crisis. Interconnectedness of global finances makes Japan’s rapidly escalating problems a serious danger to other G7 nations and the credibility of their own currencies. The yen carry trade and direct investment from Japan’s institutions have perpetuated the myth of government finances being secure for decades. The US, for example now faces dumping of US treasuries by China and non-investment at the least if not outright selling from its largest foreign investor, which is Japan.There are many examples in the history of financial crises, where an event off everyone’s radar leads to a wider catastrophe. In 1932, the collapse of Austria’s Creditanstalt bank led to a domino effect throughout Europe. In the same way, Japan’s debt problems are set to spread to the US and other G7 nations, driving up their bond yields and currencies down.This is France’s 10-year bond yield, which was bought by Japanese institutions in recent years and presumably they are now selling: Unbeknown to nearly everyone, G7 currencies are already losing purchasing power at an accelerating rate, as their values priced in gold clearly shows: |
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/GOLD AI
HARVEY ASKING AI GROK
THIS IS VERY INTERESTING//COMEX GOLD ISSUED A MONSTER 12,840 CONTRACTS EXCHANGE FOR PHYSICAL ISSUANCE FOR MONDAY. FRIDAY WAS FIRST DAY FOR THE NEW JULY 24 HONG KONG AND SHANGHAI PHYSICAL GOLD EXCHANGE ANY CONNECTION? PREMIUMS IN SHANGHAI?
Thought for 4s
Yes, there’s a plausible connection—timing aligns with shifts in China’s gold market toward more physical settlement, which can drive EFP activity on COMEX.
cmegroup.com
What the COMEX EFP Number Means
- 12,840 EFP contracts for gold (reported in CME data around July 24/25, 2026) is a notably large figure. Each COMEX gold contract is 100 ounces, so this equates to 1.284 million ounces (about 40 metric tonnes) being exchanged from futures positions into physical metal. cmegroup.com
- EFPs (Exchange for Physical) allow participants to swap a futures contract for physical gold (or vice versa), often to facilitate delivery, arbitrage, or hedging between paper and physical markets. High EFP volumes can signal strong physical demand, tightness in deliverable gold, or institutions moving metal to meet regional needs (e.g., Asia). bulliontradingllc.com
This isn’t unprecedented but stands out as “monster” size in context, especially coinciding with developments in China/Hong Kong.The July 24 Hong Kong/Shanghai DevelopmentJuly 24, 2026, marked key changes in China’s gold ecosystem:
- Major Chinese banks (e.g., ICBC, Postal Savings Bank, Ping An) ended retail leveraged/paper gold trading linked to the Shanghai Gold Exchange (SGE) after that date’s settlement. Clients were urged to close positions or take physical delivery. Physical purchases, ETFs, and institutional trading remain unaffected. youtube.com
- This ties into the launch/expansion of Hong Kong as an offshore hub/clearing center for Shanghai Gold Exchange physical gold, with enhanced clearing, settlement, and vaults. Hong Kong acts as a bridge for international access (given China’s capital controls), promoting physical delivery and integration between Shanghai and global markets. canadianminingreport.com
The goal appears to be reducing speculative retail paper trading while strengthening physical price discovery and infrastructure. SGE already emphasizes physical settlement, unlike heavily paper-based Western markets.
canadianminingreport.com
Connection?
- Timing overlap: Large COMEX EFPs for Monday (post-July 24) could reflect institutions or intermediaries sourcing/moving physical gold to Asia amid the paper trading wind-down and new HK clearing push. Gold from London/NY vaults (via Hong Kong) has historically settled COMEX positions through EFPs. bullionstar.com
- This fits broader patterns where Asian physical demand (China/India) pulls metal, leading to EFP spikes or basis shifts as shorts on COMEX exchange for physical to deliver eastward. cmegroup.com
- Not definitive proof of direct causation (markets are complex with many factors), but the alignment with China’s push for more “real” gold (less paper) makes it a reasonable link. High EFPs often indicate physical market stress/premiums.
Shanghai PremiumsShanghai gold has been trading at a modest premium to Western/London spot recently:
- Around +0.2% to +0.3% (roughly +$8–12/oz) in recent data (e.g., Shanghai ~$4,067/oz vs. Western spot ~$4,056/oz). metalcharts.org
- This is within normal ranges and not extreme (historical premiums can spike higher on strong demand). The bank-driven paper exit might encourage some physical take-up, potentially supporting or widening the premium if delivery demand rises, but early indications show it’s calm rather than explosive. startupfortune.com
Bottom line: The big EFP issuance looks connected to the timing of China’s July 24 shifts and the HK/Shanghai physical infrastructure push. It highlights ongoing East-West gold flows and physical demand pressures in a market where China is emphasizing actual metal over leveraged paper. Watch Shanghai premiums and further EFP/delivery data for confirmation of sustained impact. Gold markets remain dynamic with geopolitical, currency, and central bank factors at play too.
8 web pages
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
SHANGHAI CLOSED UP 44.05 PTS OR 1.15%
HANG SENG CLOSED UP 243.95 PTS OR 0.98%
Nikkei CLOSED UP 426.85 PTS OR 0.68%
//Australia’s all ordinaries CLOSED UP 0.92%
//Chinese yuan (ONSHORE) CLOSEDUP TO 6.7661
/ OFFSHORE CLOSED UP AT 6.7668 Oil UDOWNTO 82.87dollars per barrel for WTI and BRENT DOWN TO 82.87 Stocks in Europe OPENED ALL GREEN
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7661 OFFSHORE YUAN TRADING UP TO 6.7668)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 6.7661
OFFSHORE YUAN: DOWN TO 6.7668
1.HANG SANG CLOSED UP 243.95 PTS OR 0.98%
2. Nikkei closed UP 426.85 PTS OR 0.68%
WEST TEXAS INTERMEDIATE OIL UDOWN TO 82.87
BRENT; 88.39
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 101.10// EURO RISES TO 1.1398 UP 34 BASIS PTS
3b Japan 10 YR bond yield:RISES TO. +2.775 DOWN 3 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA CROSS NOW AT 163.86… 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: 3.972 DOWN 0FULL BASIS PT
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP 6.7661) AND OFFSHORE: UP AT 6.7668
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 UDOWNfor WTI and DOWN this morning
3h European bond buying continues to push yields LOWER on all fronts in the EU German 10yr bund YIELD DOWNTO +3.1276/ Italian 10 Yr bond yield DOWN AT 3.933/ SPAIN 10 YR BOND YIELD DOWN TO 3.678%
3i Greek 10 year bond yield DOWN TO 3.799%
3j Gold at $4092.90//Silver at: 59.16 1 am est) SILVER NEXT RESISTANCE LEVEL AT $100.00
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 86/ 100 roubles/78.81
3m oil (WTI) into the 82 dollar handle for WTI and 88 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 163.02 // 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.754% DOW 3 BASIS PTS STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE NOW UNWINDING//YEN BOND TRADING OVERSEAS TO BE REPATRIATED.//JAPAN 30 YR: 3.972 DOWN 0 PTS..: USA/SF this 0.8147 as the Swiss Franc . Euro vs SF: 0.9297
USA 10 YR BOND YIELD: 4.632 DOWN 4 BASIS PTS…
USA 30 YR BOND YIELD: 5.121 DOWN 04BASIS PTS/
USA 2 YR BOND YIELD: 4.299 DOWN 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 47.35 UP 13 BASIS PTS/LIRA GETTING KILLED//IDIOTS FOR SELLING GOLD AND USA DOLLAR RESERVES.
10 YR UK BOND YIELD: 4.9733 DOWN 6 PTS
30 YR UK BOND YIELD: 5.665 DOWN 5 BASIS PTS
10 YR CANADA BOND YIELD: 3.606 DOWN 4 BASIS PTS
5 YR CANADA BOND YIELD: 3.227 DOWN 7 BASIS PTS.
Futures Jump As Brent Tumbles Below $90 On Fresh Round Of Iran Ceasefire Optimism
Monday, Jul 27, 2026 – 08:22 AM
A sharp drop in oil prices prompted by a quieter weekend for geopolitics and a pause in MidEast hostilities also sparked a drop in bond yields and the USD. A powerful relief rally in stocks and bonds emerged after a lull in hostilities in the Middle East, and started a week packed with earnings and a stack of interest-rate decisions on a positive note. As of 8.00am ET, Nasdaq futures surged after the index logged its first back-to-back weekly declines since March; S&P 500 futures rose 1%. After Friday’s rout, all Mag 7 stocks gained amid the relief rally in tech and AI-related stocks (Meta Platforms +1.8%, Alphabet +1.7%, Amazon +1.4%, Tesla +1.3%, Microsoft +1%, Nvidia +0.9%, Apple +0.1%). While Asian markets closed mixed, European stocks advanced as broader risk sentiment gets a boost from a pullback in energy prices. Brent crude futures for September fell 9% to around $88 a barrel (these hit $100 late last week) after a lull in hostilities in the Middle East over the weekend. Bond yields fell around the world, with the rate on 10-year Treasuries declining four basis points to 4.64%. The easing came after the US paused a nearly two-week run of strikes against Iran for a third straight night, sending Brent 8.2% lower to $89 a barrel. The dollar fell 0.2%, while gold hit $4,100 an ounce. UK and German 10-year borrowing costs dropped 4-5 bps each. The Bloomberg Dollar Spot Index fell 0.2%; the Swedish krona and Swiss franc are the best performing G-10 currencies, rising 0.4% each. Precious metals advance, with spot silver up around 2%. Today’s eco calendar has US Durable goods and the Dallas Fed Mfg Activity (est. 2.0). A slew of earnings, including fresh clues on the pace of AI infrastructure investment, will keep traders on their toes in coming days. On top of that, there’s a Fed interest-rate decision and a reading of its preferred, core PCE inflation index this week.
In premarket trading, Magnificent 7 stocks all gained, boosting US stock futures, as a sharp drop in crude prices spurred a relief rally in tech and AI-related stocks (Meta Platforms +1.6%, Alphabet +1.2%, Amazon +1.2%, Tesla +0.8%, Microsoft +1.4%, Nvidia +0.6%, Apple +0.2%)
- Chipmakers and other AI infrastructure stocks are rallying as traders return to risk, heartened by a pause in US strikes against Iran that’s causing oil prices to slide.
- D-Wave Quantum (QBTS) climbs 8% after AT&T signed an agreement to expand its use of the company’s quantum computing technology.
- Ford Motor (F) gains 2% as Jefferies upgrades to buy ahead of second quarter earnings report, saying with US market conditions healthy, management could raise guidance.
- Forte Biosciences (FBRX) rises 39% after Argenx SE agreed to buy the company for about $2.2 billion in cash to expand its portfolio of immunology medicines.
- General Motors (GM) rises 1.9% as Jefferies upgrades the stock to buy on confidence that 2027 will further strengthen the automaker’s position “within the US profit oligopoly.”
- Gossamer Bio (GOSS) climbs 30% on plans to submit a new drug application for seralutinib in pulmonary arterial hypertension in September 2026.
- MapLight Therapeutics (MPLT) sinks 54% following Phase 2 trial results for a drug aimed at treating adults with acute schizophrenia.
Elsewhere in AI, Nvidia is in talks to back OpenAI’s lease of a $500 billion data center, highlighting the circular financing supporting the AI boom. Samsung won a contract worth more than $200 billion to make chips for Broadcom. And memory is back in focus, after CXMT’s blockbuster trading debut in Shanghai and a WSJ report of Micron warning the US against letting Apple buy China chips. In deals news, Jack Daniel’s owner Brown-Forman said its board of directors rejected an unsolicited takeover offer from Sazerac, which asked the company to reconsider the $15 billion bid that was rebuffed earlier this year. Meanwhile, Argenx agreed to buy Forte Biosciences for about $2.2 billion in cash to expand its portfolio of immunology medicines.
Traders are finding some respite from weaker oil prices after Brent surged by more than a third this month, stoking concerns that central banks will need to tighten monetary policy to contain inflation. Questions over whether Big Tech firms’ spending spree on artificial intelligence is sustainable have also fueled a prolonged stretch of volatility.
Monday’s rally is doing little to ease caution ahead of the busiest week of the earnings season, when a raft of megacaps including Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp. will put AI spending back in the spotlight. Another major event is the Federal Reserve’s rate decision on Wednesday, with markets still pricing around a one-in-three chance of an interest rate hike.
“I expect a volatile week with the Fed, tech results, and a bunch of European inflation data coming out,” said Andrea Gabellone at KBC Securities. “Moreover, the Iran situation is still very fragile. For now, the President said that ‘all options are still open,’ so it will be difficult to put risk back on the table.”
US equity investors are likely to rotate into high-quality stocks as the focus returns to free cash flow generation and margin expansion, according to Morgan Stanley strategists. Meanwhile, Deutsche Bank’s Parag Thatte notes positioning has fallen sharply in large-cap tech from extended levels to near neutral, with rotation out of the sector about three-quarters of the way through.
A busy week of data releases includes June durable goods today, consumer confidence Tuesday and the Fed’s preferred inflation gauge of core PCE for June on Thursday. Sandwiched in between is the FOMC rate decision, when a hawkish hold is expected. Dissent may come from some officials – possibly Dallas Fed President Lorie Logan and Cleveland’s Beth Hammack – who favor a rate increase now. There’s also been widespread discussion over whether new Chairman Kevin Warsh might surprise investors with a hike. No major US earnings are due ahead of the bell on Monday, but that’s the calm before the storm. More than 170 companies in the S&P 500 are set to report this week. The narrative around AI capex is in sharp focus, with last week’s selloff in Alphabet signaling a market in revolt about spending on the tech. It creates a tough setup for earnings from Microsoft and Meta Platforms due on Wednesday and those from Apple and Amazon on Thursday.
Big tech’s appetite for AI investment is also driving a wave of bond sales, having a greater impact on the US corporate debt market than might be obvious. SoftBank’s $40 billion bridge loan for its investment in OpenAI has attracted a new group of 21 lenders in a broader syndication phase.
In the latest market structure lunacy, CME Group will launch single-stock futures today, allowing investors to hedge or speculate on more than 50 of the largest US companies. The contracts, offering leverage without the complexity of options, will be cash-settled on the closing price of the stocks they’re tied to.
The political uncertainty surrounding November’s US midterm election adds to a near-term argument for owning index volatility, according to Goldman strategists. Record low correlations across stocks continue to suppress index volatility, a trend highlighted over the weekend.
Turning to earnings, of the 135 S&P 500 companies to have reported to date, 86% have beaten analysts’ EPS forecasts, while 10% have missed. On sales, 69% of companies have positively surprised, while 15% have missed. Bank of Hawaii and Northwest Bancshares are among those due to report before the market opens. Earnings from Welltower and Cadence Design come later in the day.
European stocks also rose as tensions ease in the Middle East, broadly shrugging off comments from a European Central Bank rate-setter, who said the institution will have to raise interest rates at least one more time to curtail inflation risks. Energy is the worst performing sector as oil prices slid while tech and retail outperformed. Stoxx 600 rises 0.8% to 649.47. Here are some of the biggest movers on Monday:
- AstraZeneca shares rise as much as 2% after the drugmaker reported better-than-expected core earnings per share for the second quarter.
- Evolution shares rise as much as 4.4% in Stockholm, the most in a week, after Candle Lake crossed the threshold for a mandatory offer for the Swedish gaming company.
- Vodafone shares are up as much as 4.3% after the telecom operator reported growth in organic service revenue in Germany, a positive surprise to analysts that have forecast almost no growth in the company’s biggest market.
- SES, Eutelsat rally on Monday after both companies said they are expecting to receive payments from the release of C-band spectrum in the US.
- Interroll jumped as much as 7.5% after Oddo Bhf raised its rating, arguing that a drop in the shares of the Swiss maker of automation equipment and storage solutions had made them “too cheap to be ignored.”
- Pharos Energy shares soar as much as 31% after the firm agreed to a takeover by fellow London-listed Serica Energy, with shares almost reaching the total offer price.
- Kinepolis shares rise as much as 6.2% after Degroof Petercam set a Street-high price target for the Belgian cinema chain and reiterated its buy rating ahead of 1H results due on Aug. 20.
- Irish Continental Group surged as much as 30% after agreeing to a management buyout, with the stock hitting a new all-time high and briefly surpassing the offer price.
- Inditex shares climb 3.3% after Barclays raises its recommendation on the Zara parent to overweight from equal-weight, saying recent muted shareholder return performance presents an opportunity with the Spanish retailer’s valuation at reasonable levels.
- Zabka shares fell as much as 14%, the most on record, after Seven & i abandoned plans to buy an equity stake in the Polish convenience-store operator.
- Havas shares fall as much as 3.8% after JPMorgan analysts say the stock had outrun its growth potential and reduce their rating to neutral from overweight.
- Cranswick shares erase early gains to fall as much as 2.2% after the British meat producer reported a slowing in its like-for-like revenue growth rate.
- IP Group shares fall as much as 3.3% after Railpen said it does not intend to make an offer for the science investor in a statement.
- Vesuvius shares plunge as much as 12% as analysts warned of potential cuts to consensus estimates after the materials technology company adjusted its guidance lower due to ongoing operational issues.
Earlier in the session, Asian stocks gained after Friday’s selloff, boosted by a slump in global oil prices and gains in Chinese internet companies as investors brace for an event-heavy week. The MSCI Asia Pacific Index rose 1%, with SK Hynix, Samsung and Tencent the biggest contributors. Chinese equities gained, with sentiment getting a lift as memory chipmaker CXMT debuted with a 466% jump. Stocks also rose in Australia and India, helped by a more than 7% drop in oil prices.
Traders are closely watching as an event-packed week gets underway. The US Federal Reserve is set to review monetary policy, while mega-cap technology giants like Meta and Microsoft are scheduled to report earnings. Investors will be paying particular attention to hyperscalers’ spending plans for signs of continued AI investment. Indonesian stocks fell as much as 0.8% before paring losses after the country’s central bank head Perry Warjiyo resigned citing personal reasons.
“For Asia more broadly, a falling oil price is very beneficial,” said Leonid Mironov, portfolio manager at Gavekal Capital Ltd. “There are outstanding issues with the yen weakness, but the core drivers of performance this year — chip and AI names — are more levered to global AI capex rather than domestic issues.”
Looking at today’s calendar, the provisional June reading of durable goods due at 8:30 a.m. ET, followed by Dallas Fed manufacturing activity for July at 10:30 a.m. The Fed’s external communications blackout continues.
Market Snapshot
Top Overnight News
- Iran will halt its own attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday. The development comes as the United States pressed pause on its bombing campaign after President Donald Trump’s advisers told him they were running out of targets and expressed worries about depleting the U.S. arsenal. RTRS
- A US appeals court refused the DOJ’s request to let federal officials move ahead with Trump’s mail-voting overhaul ahead of the November midterm elections. BBG
- DeepSeek is said to have told prospective investors it’s pausing a fundraising round, after comments widely attributed to its founder about US-China AI competition went viral. BBG
- CXMT jumped 466% in its Shanghai debut after the chipmaker raised $9.8 billion in its IPO, turning it into China’s largest onshore-listed company. BBG
- The ECB will have to raise interest rates at least one more time to ensure that inflation risks don’t spin out of control, Governing Council member Peter Kazimir said. BBG
- The Agriculture Department is lifting a more than yearlong ban on Mexican cattle imports, a move that could ease soaring beef prices. The U.S. plans to resume importing Mexican cattle at the port of entry in Douglas, Ariz., in 30 days and eventually open two additional ports of entry in New Mexico.
- Big Companies Are Starting to Hire Again, Defying Predictions of AI Wipeout. After a year of holding back on new hires, companies from tech and transportation to defense now say they need more people to work alongside AI. WSJ
- Employers fear labor shortage as many immigrants lose protected status. A recent Supreme Court ruling cleared the way for the Trump administration to end a humanitarian program that has allowed about 1 million immigrants to work illegally in the US. NYT
- Nvidia is in talks to provide a guarantee of as much as $250 billion to help OpenAI lease computing from a data center project in Ohio, people familiar said. BBG
- Mirroring the pre-election patterns in uncertainty, volatility, and investor flows, US equities have typically traded sideways in the few months ahead of midterms. US equity returns are generally modest during this part of the calendar year but have been weaker on average in midterm election years. During midterm election years of the past few decades, the S&P 500 has generated a median return of 0% from the start of August through Election Day. Returns have typically improved as uncertainty subsided post-election, with the S&P 500 returning a median of 6% in the subsequent 3 months. Goldman Research
- Sources say Bipartisan Senate talks over funding federal agencies past the 30th September deadline are trending in the right direction: Punchbowl
- A more detailed look at global markets courtesy of Newsquawk
APAC stocks were mostly positive, with risk sentiment underpinned as oil prices and yields declined following a halt in US-Iran strikes over the weekend, although some of the gains are capped, with price action somewhat choppy during the session as participants also await several major central bank meetings and key earnings later in the week. ASX 200 was led higher by strength in tech, materials and miners, while energy and defensives lag.
Nikkei 225 swung between gains and losses with price action choppy amid recent currency moves, intervention risks, lower yields, and softer-than-expected Services PPI data, while participants also await the BoJ later in the week. KOSPI saw two-way trade and ultimately declined despite reports of NVIDIA deals with South Korean firms including SK Group and Naver, with the sector cautious ahead of key tech earnings. Hang Seng and Shanghai Comp were positive as Hong Kong was led higher by tech stocks including CXMT stakeholders such as Xiaomi and Meituan, with energy at the other end of the spectrum following the drop in oil prices, while the attention in the mainland was on CXMT, which soared over 500% on its debut in Shanghai’s STAR Market, making it mainland China’s most valuable company by market cap.
Top Asian News
- Chinese President Xi holds phone talks with Brazilian President Lula, while Xi called for China and Brazil to play a greater role in improving the global governance and upholding international fairness and justice. said:. China is ready to further strengthen bilateral multilateral strategic coordination with Brazil. China and Brazil should jointly promote high-quality development of the Greater BRICS Corporation. Supports Brazil in rejecting external interference.
- Seven new suspected H5 bird flu cases were identified in South Australia.
- Japanese PM Takaichi said the government is ready to take further timely action as needed to cushion economic blow from the Middle East conflict, adds FX rates move on various factors and it’s hard to identify impacts of any specific factor. said:. Raising Japan’s growth potential and its competitive advantage will boost market trust in the yen. Monetary policy adjustment and specific monetary policy means are up to the BoJ to decide.
- Japanese PM Takaichi will address measures including a consumption tax reduction in her press conference later today.
- Japanese PM Takaichi said cutting debt-to-GDP ratio is key to fiscal management.
- Japanese PM Takaichi does not comment about the possibility of a cabinet reshuffle.
- Japanese panel said to be looking at revising up minimum wage target; looking at hiking to “high JPY 1100 range”, Kyodo reported.
- Japan PM Takaichi noted Japanese inflation is amongst the lowest in the G7, adds that there are encouraging signs emerging for the wage outlook.
European Bourses – Begin the week firmer (STOXX 600 +0.8%) as oil prices and yields fall after the US halts strikes on Iran. The DAX outperforms as SAP continues to climb, while Spain’s IBEX is supported by strength in Retail and Travel. The FTSE 100 and OMX Copenhagen lag as Shipping and Oil majors come under pressure. Sectors – Trade broadly higher, with the exception of Energy and Utilities. Moves are driven by geopolitical de-escalation, with Retail and Travel & Leisure leading, while Tech also outperforms following CXMT’s surge on its Shanghai debut.
Top European News
- European Commission is considering watering down a large business levy which was designed to raise funding relating to the next 7yr budget, Politico reported citing sources. Officials said to be considering exempting loss-making companies and raising the revenue threshold to exclude smaller businesses for the “Corporate Resource for Europe” charge.
- UK PM Burnham hinted he will make it more difficult to claim benefits to bring down the welfare bill, according to Huffington Post. It was separately reported that Burnham said UK must get really serious about cutting welfare.
- France questioned UK involvement in EU’s EUR 5bln tech start-up fund, according to FT.
- Italy cabinet to meet at 16:30EDT/17:30CET to discuss diesel costs.
FX
- DXY – Softer (-0.2%) as oil and yields moderate following the US halt to strikes on Iran. The index trades within a tight 101.11–101.32 range, with the geopolitical pause and easing tightening bets weighing on the Buck, though the outlook remains fluid ahead of the Fed this week.
- JPY – Firmer amid the softer USD backdrop and lower yields though moves remain contained in a 163.32-163.71.
- EUR- EUR is stronger against the USD, with EUR/USD briefly moving above 1.14 to a 1.1418 peak before paring gains. Newsflow light, with Ifo broadly in line and focus turning to upcoming growth and inflation data later in the week.
- GBP – GBP is modestly firmer vs USD but underperforms EUR, with EUR/GBP higher. Price action is likely driven by the unwinding of recent Sterling outperformance, while attention turns to the BoE meeting where a pause is expected, with the vote split in focus.
- Antipodeans – Antipodeans outperform as risk sentiment improves, supported by the pullback in oil and yields alongside the broader USD softness.
- RBI likely sold USD via state run banks to lift INR past 96, according to traders.
- PBoC set USD/CNY mid-point at 6.7911 vs exp. 6.7703 (prev. 6.7939).
Fixed Income
- UST – Firmer, benefiting from the pullback in energy prices following the pause in US strikes on Iran. The contract reaches a 108-22 peak, up around 10 ticks on the day, though remains shy of recent 109-00 and 109-08+ highs. Focus turns to upcoming 2yr and 5yr supply, while broader attention also builds around US midterm developments.
- Bund – Bunds move in tandem, lifting to a 124.95 peak but failing to test the 125.00 handle or last week’s 125.10 high. There was little reaction to the Ifo release, which is broadly constructive despite softer current conditions, nor to ECB’s Kazimir, who reiterated a hawkish stance with a high bar to avoid a September hike.
- Gilt – Gilts gap higher and extend gains by over 50 ticks, approaching but not reaching last week’s 87.37 peak. The move is driven by the broader fixed income bid on lower yields, with some additional support from reporting around PM Burnham’s approach to the welfare bill.
- Australia sold AUD 300mln 3.00% March 2047 bonds b/c 3.22, avg yield 5.4319%.
Commodities
- Crude futures – Crude was sharply lower following the US pause in strikes on Iran, though losses were trimmed into the European morning. Brent Oct’26 fell over 7% at worst to USD 84.91/bbl (vs high USD 88.95/bbl), while WTI Sep’26 dropped to a USD 82.46/bbl trough (vs peak USD 86.20/bbl). Dutch TTF also slumped, dipping below EUR 58/MWh before recovering towards EUR 59.50/MWh.
- Precious metals – Precious metals were firmer intraday but off best levels as energy pared losses. Spot gold traded towards the lower end of a USD 4,083.80–4,116.19/oz range (vs Friday’s USD 4,052/oz close). Spot silver similarly sat towards the bottom of a USD 59.08–60.09/oz range (vs Friday’s USD 58.20/oz low).
- Base metals – Base metals posted modest gains but also came off highs as energy recovered. 3M LME copper traded within a narrow USD 13,615.00–13,730.43/t range.
- CPC’s Black Sea terminal expected to resume oil loadings today following a one week suspension after drone attacks, sources say.
- Iraqi militias and political parties have received official approvals to establish oil facilities; Iraq has allocated about 1.5mln BPD for domestic consumption, including 300K BPD for the Ministry of Electricity. The reported note that more than a third of Iraq’s oil production revenues since 2011 have gone to militias and political parties.
- A magnitude 5.5 earthquake struck the Antofagasta region of Chile, according to EMSC.
Central Banks
- ECB’s Kazimir said second round effects are costly to reverse, ECB must act before they are visible; at least one more hike needed as part of measured adjustment to inflation risks. A rate hike will be warranted even if the inflation situation improves somewhat. Should the situation escalate, with the price pressures becoming stronger and more persistent, we will need to tighten more over the next quarters than is currently expected. Incoming data and geopolitical developments would need to be very convincing to do for me not to advocate another hike in September; We didn’t surprise the markets now, we shouldn’t surprise them in September.
- Swiss Total Sight Deposits (w/e Jul 18) 469.27bln (prev. 469.4bln W/W), Domestic 442.66bln (prev. 443bln W/W).
- Indonesia Central Bank Governor Perry Warjiyo steps down due to personal reasons, while Deputy Governor Destry Damayanti will act as interim Governor. Damayanti said Bank Indonesia will continue to prioritise professional governance and will work with the government to run the economy, also said they will do their mandate as normal and in accordance with best practices.
- Monetary Authority Singapore slightly raises the rate of appreciation of the SGD NEER policy band, while it makes no change to the width and level it is centred. said:. Inflation could pick up more strongly than anticipated if energy price spikes anew. MAS core inflation is projected to step up from July and remain elevated, but should moderate discernibly from around mid-2027. Expectation is that overall GDP will be sustained at high levels in the near term. Singapore’s economy is forecast to record a firm pace of growth for 2026 as a whole. Singapore’s imported costs are likely to rise in the quarters ahead.
Trade/Tariffs
- China Foreign Ministry said China’s countermeasures on EU do not target any one country.
Geopolitics: Russia-Ukraine
- US President Trump will meet with Ukrainian President Zelensky at the White House on Tuesday, according to Axios.
- Ukraine air force noted ballistic missile threat from the east and UAV detected in Dnipropetrovsk region.
- Multiple apartments and 15 vehicles are on fire in Russia’s Belgorod after a UAV attack, according to TASS.
Geopolitics: Middle East
- Iranian Foreign Ministry spokesperson said some countries in the region are continuing to be involved in the conflict, they need to stop. The conversation between Iran and Oman regarding Hormuz have been positive.
- Iranian Foreign Ministry spokesperson, in an interview on Sunday, said Iran has no fear of negotiations, but it will not accept negotiations whose goal is to dictate or impose demands.
- Yemen Navy official said that a Navy patrol boat was attacked and destroyed on Sunday in the Red Sea, which left three crew members missing and the official blamed Houthi militants firing from several small boats.
- Fewer than 10 ships transited the Strait of Hormuz daily over the weekend, according to shipping data. It was separately reported that shipping traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast.
- US Central Command Commander Cooper stressed that the two weeks of strikes in the Strait of Hormuz area had significantly degraded Iran’s ability to attack ships, according to Axios’s Ravid.
- Iran’s Foreign Ministry spokesperson said diplomacy remains open, but our priority is defending the nation.
- Yemen’s Houthis said on Sunday that it attacked three Saudi oil tankers in the past 48 hours and is enforcing maritime blockade measures against vessels linked to Saudi Arabia.
- Houthi-Affiliated Al Masirah TV said Saudi strikes attack Yemen’s Kamaran Island.
- Iranian Foreign Ministry Araghchi met with his Chinese counterpart, Mehr News reported; the sides discussed the Middle East situation.
- Iranian Foreign Ministry spokesperson said they have not accepted a 10 day ceasefire.
- Iranian Foreign Ministry spokesperson said they have not requested the resumption of talks with the US, intermediaries are conveying messages to the US. Kuwait has effectively made its territory available to the US.
- Iranian Foreign Ministry spokesperson said the situation around Hormuz has not changed, it remains shut.
- IDF intercepted two drones over the border with Jordan, TimesofIsrael’s Fabian reported.
- Iranian army reiterates that it will response more severely to “any possible incursions by the enemies”, Tasnim reported.
- Saudi Foreign Ministry said Saudi Arabia discussed with Oman the issue of ensuring the freedom and safety of navigation in the Strait of Hormuz, Al Hadath reported.
- Iranian TV said a ship was involved in an accident, and five ships that attempted to pass through the Strait of Hormuz via the unsafe passage this morning were turned back.
- Explosion reported in Erbil, Northern Iraq, according to Press TV.
- Israeli forces raid areas in West Bank and Jerusalem, according to IRNA.
- Sources told Asharq that Trump and Aoun are discussing a security agreement between Washington and Beirut.
- UK PM Burnham and Saudi Crown Prince MBS discussed regional developments in a telephone conversation, according to IRNA.
- An oil tanker exploded in the Strait of Hormuz after hitting a naval mine when it deviated from a navigation route designated by Iran, Mehr News reported.
- Iranian media reported of explosions in Jordan.
- Jordan Army said it downed two drones.
- Israel PM Netanyahu is travelling to Washington for a White House meeting with President Trump tomorrow, I24 reporter said.
Geopolitics: Other
- Israeli official said PM Netanyahu’s planned visit to Washington has been postponed; no reason cited, and no new date has been set.
- CPC’s Black Sea terminal expected to resume oil loadings today following a one week suspension after drone attacks, sources say.
US Event Calendar
- 8:30 am: Jun P Durable Goods Orders, est. 1.8%, prior -4.5%
- 8:30 am: Jun P Durables Ex Transportation, est. 0.8%, prior 1.4%
- 10:30 am: Jul Dallas Fed Manf. Activity, est. 2, prior 0
DB’s Jim Reid concludes the overnight wrap
Thankfully, in light of my weekend golf-a-thon, the escalating conflict in Iran has paused somewhat. After 13 consecutive nights of US strikes aimed at degrading Iran’s ability to threaten commercial shipping, Washington has refrained from further attacks since late Friday, while Tehran has publicly stated that it has also suspended retaliatory operations. The pause falls short of a formal ceasefire, but both sides are presenting it as an opportunity for diplomacy, with Omani-mediated talks continuing over the weekend focused on navigation through the Strait of Hormuz. US officials, including UN Ambassador Mike Waltz, have stressed that all military options remain on the table and that President Trump is simply giving negotiations more space. However, reports from the New York Times and Axios suggest an active debate within the administration over both the effectiveness and costs of further strikes, with some military officials reportedly arguing that key objectives have largely been achieved. For now, the market is treating the lull as a positive development, although the situation remains highly fluid.
The main market risk remains the energy and shipping front. Traffic through Hormuz remains severely disrupted, while the conflict has broadened into the Red Sea, where Iran-backed Houthi forces reportedly launched missile and drone attacks against Saudi energy infrastructure around Jizan and Yanbu over the weekend, prompting retaliatory Saudi strikes. This raises the prospect of simultaneous disruption to both Gulf and Red Sea export routes. So a welcome pausefrom the main actors but a fragile one, especially with side battles still ongoing.
However there is no doubt the weekend news is positive and this morning Brent crude prices are around -4.5% lower to $92.42 and 10yr USTs are down -4.5bps. S&P 500 futures are up +0.71% with Nasdaq futures gaining +1.17%.
Also on the positive side, the S&P/ASX 200 (+1.14%) is leading regional gains, while the Hang Seng (+0.81%), CSI 300 (+0.25%), and Shanghai Composite (+0.40%) are all higher. However the KOSPI (-0.28%) and Nikkei (-0.14%) are lagging with their tech stocks on the weaker side.
Looking forward, and as more and more of the financial world steps off the ever-turning carousel of market news and disappears towards sunnier shores, a busy global week lies ahead, with central bank decisions, major economic releases and a heavy slate of corporate earnings all competing for investors’ attention. The Federal Reserve meeting concluding on Wednesday remains the standout event, but investors will also hear from the Bank of England (Thursday) and the Bank of Japan (Friday). Meanwhile, key economic releases include US Q2 GDP and June core PCE inflation (both Thursday), Euro Area Q2 GDP and July inflation data (Thursday/Friday), Japan’s Tokyo CPI (Friday) and China’s official PMIs (Friday). Adding to the significance of the week, four of the world’s most influential companies—Microsoft, Meta, Apple and Amazon, which together account for 17% of the S&P 500—will report earnings, with the first two on Wednesday and the latter two a day later.
The headline event of course comes with the FOMC meeting (Wednesday), where our economists continue to expect the Fed to leave rates unchanged. However, the decision appears unusually finely balanced. The renewed escalation in the Middle East and the sharp rise in energy prices have complicated the inflation outlook, while recent market-based measures of inflation compensation have moved higher as concerns around energy supply disruptions have intensified. Against that backdrop, policymakers face a difficult trade-off between evidence that inflation had been moderating and growing signs that higher oil prices could create a more persistent inflation shock.
It’s rare for a Fed meeting to be this finely balanced so close to the decision. Futures are still assigning a 34% probability to a rate hike this week (-4pps overnight in Asia), a level of uncertainty we seldom see at such a late stage. During the post-Covid hiking cycle, markets did receive a steer via the financial press during the blackout period if the Fed was considering a surprise move. Under the current regime, that appears far less likely.
The Fed decision will sit in the middle of several important data releases. Durable goods orders (today) and the advance goods trade balance (tomorrow) will help shape expectations for the first estimate of Q2 GDP (Thursday). Our economists expect annualised GDP growth of 1.9% in Q2. Although this would mark a downgrade from earlier estimates, much of the weakness reflects a drag from net exports linked to strong AI-related imports. Beneath the surface, domestic demand remains considerably healthier. Indeed, our economists expect final sales to private domestic purchasers, their preferred measure of underlying demand, to rise by a robust 3.3%, which would be the strongest reading since Q3 2024.
Attention will then turn to inflation. The June personal income and spending report (Thursday) includes the latest reading of core PCE, the Fed’s preferred inflation gauge. Our economists expect core PCE to increase by 0.19% month-on-month, which would leave the annual rate at 3.3% assuming no significant revisions. That will be followed by the Employment Cost Index (Friday), one of the Fed’s preferred measures of labour cost pressures. Our economists expect the annual growth rate to remain at 3.4%, a level many policymakers would still view as broadly consistent with returning inflation towards target over time.
Alongside the macro data, earnings season moves into a critical phase. Around 35% of the S&P 500’s market capitalisation is scheduled to report this week. Technology will dominate attention, with Microsoft and Meta releasing results (Wednesday), followed by Apple and Amazon (Thursday). Together, those companies account for 17% of the S&P 500 and will help determine whether investor enthusiasm around AI-related spending remains intact. Elsewhere, notable US earnings releases include Visa and Mastercard in financials, ExxonMobil and Chevron in energy, and Coca-Cola and Procter & Gamble in consumer staples.
In Europe, attention will be split between monetary policy and inflation. The Bank of England announces its latest policy decision (Thursday), and our UK economists expect Bank Rate to remain unchanged at 3.75%, accompanied by a 7-2 vote split. See more in their full preview here.
On the data side, Germany and Spain release flash July CPI figures (Thursday), before France, Italy and the Euro Area publish their inflation readings (Friday). Our European economists expect Euro Area headline HICP inflation to rise to 3.0% from 2.8%, while core HICP is forecast to edge higher to 2.52% from 2.36%. The Euro Area’s preliminary Q2 GDP estimate is also due (Thursday), while Germany’s Ifo survey (today) should provide an updated read on business sentiment.
In Asia, the Bank of Japan decision (Friday) will be the key event. Our economists expect policymakers to keep their current policy settings unchanged. See the preview here. Japan will also release Tokyo CPI, retail sales, industrial production, labour market data and housing starts (all Friday), offering a comprehensive snapshot of the economy at the start of the third quarter. In China, the official manufacturing and non-manufacturing PMIs (Friday) will provide the latest evidence on growth momentum. Elsewhere, Australia’s June CPI report (Wednesday) will be closely watched for indications about the Reserve Bank’s policy path. See the day-by-day calendar at the end for the fuller slate of events this week.
Recapping last week now and oil prices continued to surge as the US-Iran conflict escalated further, with Brent crude up another +9.85% last week (-3.88% Friday) to $96.78/bbl, and peaking above $100. So that added to fears that the global economy was facing a prolonged inflation shock, and that the Fed might need to hike rates more aggressively in response. Indeed, market expectations for a Fed rate hike on Wednesday moved up from 14% to 38% over the course of the week.
The prospect of more inflation and faster rate hikes meant that sovereign bond yields rose sharply around the world. For instance, the US 10yr Treasury yield was up +12.9bps last week (-1.6bps Friday) to 4.68%, and on Thursday it closed at its highest level since January 2025, at 4.69%. There were also some big milestones for real yields, with the US 30yr real yield up +7.9bps last week (+0.3bps Friday) to a post-2008 high of 2.97%. It was a similar story elsewhere, with Germany’s 10yr bund yield up +4.7bps last week (-3.1bps Friday) to 3.17%, and on Thursday it closed at a post-2011 high of 3.20%.
Against that backdrop, equities put in a mixed performance around the world. In the US, the S&P 500 fell -0.61% (+0.05% Friday), marking back-to-back weekly declines for the first time since March. That happened despite a recovery in chip stocks, with the Philly semiconductor index up +1.24% last week (-4.25% Friday). And outside the US, equities put in a stronger performance, with the STOXX 600 up +0.46% last week thanks to a +0.82% recovery on Friday as hopes for new US-Iran talks rekindled. The Nikkei was up +0.73% (-2.73% Friday).
Finally in other asset classes, geopolitical fears offered support to the US dollar, with the dollar index +0.70% last week, whilst gold rose +0.88%. Meanwhile, credit spreads widened in the US, with IG spreads (+2bps) and HY spreads (+12bps) both moving higher. And in Europe, IG spreads were flat, while HY spreads widened by +5bps.
1b European Opening report
Brent -7%, USD weaker as US pauses strikes on Iran; Equities benefit with NQ outperforming – Newsquawk US Market Open
Monday, Jul 27, 2026 – 06:07 AM
- European bourses are firmer following a similar APAC lead, as oil prices and yields slumped on the lack of US-Iran weekend action.
- Crude oil and gas futures were weighed down by the US not striking Iran over the weekend. Metals benefit across the board.
- However, US CENTCOM commander Cooper advised the Pentagon and the White House that the next possible step is to return to a large-scale military operation.
- Fixed income markets are higher; US focus turns to supply & midterms. No move to German Ifo or ECB speak. In FX, the DXY is softer to the benefit of G10 peers, although petro-currencies fail to benefit.
- Looking ahead, highlights include US Durable Goods Orders (Jun), Atlanta Fed GDP (Q2). Supply from the US. Earnings from LVMH. Comments from US President Trump.
SNAPSHOT
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EUROPEAN TRADE
EQUITIES
- European Bourses – Begin the week firmer (STOXX 600 +0.8%) as oil prices and yields fall after the US halts strikes on Iran. The DAX outperforms as SAP continues to climb, while Spain’s IBEX is supported by strength in Retail and Travel. The FTSE 100 and OMX Copenhagen lag as Shipping and Oil majors come under pressure.
- Sectors – Trade broadly higher, with the exception of Energy and Utilities. Moves are driven by geopolitical de-escalation, with Retail and Travel & Leisure leading, while Tech also outperforms following CXMT’s surge on its Shanghai debut.
- US equity futures – Firmer on easing Middle East tensions (ES +0.8%, NQ +1.5%, RTY +1.3%), with focus on upcoming earnings from Microsoft, Meta, Qualcomm, Amazon and Apple, set to test the resilience of the AI trade.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
FX
- DXY – Softer (-0.2%) as oil and yields moderate following the US halt to strikes on Iran. The index trades within a tight 101.11–101.32 range, with the geopolitical pause and easing tightening bets weighing on the Buck, though the outlook remains fluid ahead of the Fed this week.
- JPY – Firmer amid the softer USD backdrop and lower yields though moves remain contained in a 163.32-163.71.
- EUR– EUR is stronger against the USD, with EUR/USD briefly moving above 1.14 to a 1.1418 peak before paring gains. Newsflow light, with Ifo broadly in line and focus turning to upcoming growth and inflation data later in the week.
- GBP – GBP is modestly firmer vs USD but underperforms EUR, with EUR/GBP higher. Price action is likely driven by the unwinding of recent Sterling outperformance, while attention turns to the BoE meeting where a pause is expected, with the vote split in focus.
- Antipodeans – Antipodeans outperform as risk sentiment improves, supported by the pullback in oil and yields alongside the broader USD softness.
- RBI likely sold USD via state run banks to lift INR past 96, according to traders.
- PBoC set USD/CNY mid-point at 6.7911 vs exp. 6.7703 (prev. 6.7939).
FIXED INCOME
- UST – Firmer, benefiting from the pullback in energy prices following the pause in US strikes on Iran. The contract reaches a 108-22 peak, up around 10 ticks on the day, though remains shy of recent 109-00 and 109-08+ highs. Focus turns to upcoming 2yr and 5yr supply, while broader attention also builds around US midterm developments.
- Bund – Bunds move in tandem, lifting to a 124.95 peak but failing to test the 125.00 handle or last week’s 125.10 high. There was little reaction to the Ifo release, which is broadly constructive despite softer current conditions, nor to ECB’s Kazimir, who reiterated a hawkish stance with a high bar to avoid a September hike.
- Gilt – Gilts gap higher and extend gains by over 50 ticks, approaching but not reaching last week’s 87.37 peak. The move is driven by the broader fixed income bid on lower yields, with some additional support from reporting around PM Burnham’s approach to the welfare bill.
- Australia sold AUD 300mln 3.00% March 2047 bonds b/c 3.22, avg yield 5.4319%.
COMMODITIES
- Crude futures – Crude was sharply lower following the US pause in strikes on Iran, though losses were trimmed into the European morning. Brent Oct’26 fell over 7% at worst to USD 84.91/bbl (vs high USD 88.95/bbl), while WTI Sep’26 dropped to a USD 82.46/bbl trough (vs peak USD 86.20/bbl). Dutch TTF also slumped, dipping below EUR 58/MWh before recovering towards EUR 59.50/MWh.
- Precious metals – Precious metals were firmer intraday but off best levels as energy pared losses. Spot gold traded towards the lower end of a USD 4,083.80–4,116.19/oz range (vs Friday’s USD 4,052/oz close). Spot silver similarly sat towards the bottom of a USD 59.08–60.09/oz range (vs Friday’s USD 58.20/oz low).
- Base metals – Base metals posted modest gains but also came off highs as energy recovered. 3M LME copper traded within a narrow USD 13,615.00–13,730.43/t range.
- CPC’s Black Sea terminal expected to resume oil loadings today following a one week suspension after drone attacks, sources say.
- Iraqi militias and political parties have received official approvals to establish oil facilities; Iraq has allocated about 1.5mln BPD for domestic consumption, including 300K BPD for the Ministry of Electricity. The reported note that more than a third of Iraq’s oil production revenues since 2011 have gone to militias and political parties.
- A magnitude 5.5 earthquake struck the Antofagasta region of Chile, according to EMSC.
TRADE/TARIFFS
- China Foreign Ministry said China’s countermeasures on EU do not target any one country.
NOTABLE EUROPEAN HEADLINES
- European Commission is considering watering down a large business levy which was designed to raise funding relating to the next 7yr budget, Politico reported citing sources. Officials said to be considering exempting loss-making companies and raising the revenue threshold to exclude smaller businesses for the “Corporate Resource for Europe” charge.
- UK PM Burnham hinted he will make it more difficult to claim benefits to bring down the welfare bill, according to Huffington Post. It was separately reported that Burnham said UK must get really serious about cutting welfare.
- France questioned UK involvement in EU’s EUR 5bln tech start-up fund, according to FT.
- Italy cabinet to meet at 16:30EDT/17:30CET to discuss diesel costs.
NOTABLE EUROPEAN DATA RECAP
- EU Loans to Households YoY (Jun) Y/Y 3% vs. Exp. 3.1% (Prev. 3.1%).
- EU M3 Money Supply YoY (Jun) Y/Y 3.3% vs. Exp. 3.2% (Prev. 3.2%).
- EU Loans to Companies YoY (Jun) Y/Y 4.0% (Prev. 4%).
- German Ifo Expectations (Jul) 86.7 (Prev. 84.1).
- German Ifo Current Conditions (Jul) 86.5 (Prev. 87.0).
- German Ifo Business Climate (Jul) 86.6 vs. Exp. 86.1 (Prev. 85.6).
- UK CBI Distributive Trades (Jul) -26 vs. Exp. -45 (Prev. -54).
- Swedish Household Lending Growth YoY (Jun) Y/Y 3.2% (Prev. 3.1%).
NOTABLE EUROPEAN EQUITY HEADLINES
- Volkswagen’s (VOW3 GY) Audi H1 update (EUR): Revenue 29.2bln (prev. 32.6bln). Downgrades the FY26 revenue guide to 58-63bln (prev. 63-68bln).
- AstraZeneca (AZN LN) Q2 2026 (USD): Revenue 15.4bln (exp. 15.3bln), adj. EPS 2.63 (exp. 2.50). Interim dividend of USD 1.06/shr (prev. 1.03/shr)Sales Breakdown. Product: 14.51bln, +5%. Alliance: 874mln, +34%. CEO. “We remain confident in the strength of our pipeline and have more than twenty high-value readouts due over the next 18 months”. “…on track to deliver our USD 80bn Total Revenue ambition, which assumes successes and setbacks”.
CENTRAL BANKS
- ECB’s Kazimir said second round effects are costly to reverse, ECB must act before they are visible; at least one more hike needed as part of measured adjustment to inflation risks. A rate hike will be warranted even if the inflation situation improves somewhat. Should the situation escalate, with the price pressures becoming stronger and more persistent, we will need to tighten more over the next quarters than is currently expected. Incoming data and geopolitical developments would need to be very convincing to do for me not to advocate another hike in September; We didn’t surprise the markets now, we shouldn’t surprise them in September.
- Swiss Total Sight Deposits (w/e Jul 18) 469.27bln (prev. 469.4bln W/W), Domestic 442.66bln (prev. 443bln W/W).
- Indonesia Central Bank Governor Perry Warjiyo steps down due to personal reasons, while Deputy Governor Destry Damayanti will act as interim Governor. Damayanti said Bank Indonesia will continue to prioritise professional governance and will work with the government to run the economy, also said they will do their mandate as normal and in accordance with best practices.
- Monetary Authority Singapore slightly raises the rate of appreciation of the SGD NEER policy band, while it makes no change to the width and level it is centred. said:. Inflation could pick up more strongly than anticipated if energy price spikes anew. MAS core inflation is projected to step up from July and remain elevated, but should moderate discernibly from around mid-2027. Expectation is that overall GDP will be sustained at high levels in the near term. Singapore’s economy is forecast to record a firm pace of growth for 2026 as a whole. Singapore’s imported costs are likely to rise in the quarters ahead.
NOTABLE US HEADLINES
- Sources say Bipartisan Senate talks over funding federal agencies past the 30th September deadline are trending in the right direction, Punchbowl reported.
NOTABLE US EQUITY HEADLINES
- Disney+ (DIS) expands live content offerings with esports and music festivals, to stream MLB games via partnership with SPOTV.
- NVIDIA (NVDA) expands agent toolkits with PhysicsNeMo and CUDA-X libraries for autonomous engineering AI.
- NVIDIA (NVDA) is in talks with OpenAI to guarantee USD 250bln financing for data centre, according to WSJ.
- Newsquawk Weekly US Earnings Estimates – 27th-31st July 2026: Earnings plentiful with Mag-7 names the standouts.
- Abbott Laboratories (ABT) wins dismissal of shareholder lawsuit stemming from 2022 infant Formula recall, according to a court ruling.
GEOPOLITICS
RUSSIA-UKRAINE
- US President Trump will meet with Ukrainian President Zelensky at the White House on Tuesday, according to Axios.
- Ukraine air force noted ballistic missile threat from the east and UAV detected in Dnipropetrovsk region.
- Multiple apartments and 15 vehicles are on fire in Russia’s Belgorod after a UAV attack, according to TASS.
MIDDLE EAST
- Iranian Foreign Ministry spokesperson said some countries in the region are continuing to be involved in the conflict, they need to stop. The conversation between Iran and Oman regarding Hormuz have been positive.
- Iranian Foreign Ministry spokesperson, in an interview on Sunday, said Iran has no fear of negotiations, but it will not accept negotiations whose goal is to dictate or impose demands.
- Yemen Navy official said that a Navy patrol boat was attacked and destroyed on Sunday in the Red Sea, which left three crew members missing and the official blamed Houthi militants firing from several small boats.
- Fewer than 10 ships transited the Strait of Hormuz daily over the weekend, according to shipping data. It was separately reported that shipping traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast.
- US Central Command Commander Cooper stressed that the two weeks of strikes in the Strait of Hormuz area had significantly degraded Iran’s ability to attack ships, according to Axios’s Ravid.
- Iran’s Foreign Ministry spokesperson said diplomacy remains open, but our priority is defending the nation.
- Yemen’s Houthis said on Sunday that it attacked three Saudi oil tankers in the past 48 hours and is enforcing maritime blockade measures against vessels linked to Saudi Arabia.
- Houthi-Affiliated Al Masirah TV said Saudi strikes attack Yemen’s Kamaran Island.
- Iranian Foreign Ministry Araghchi met with his Chinese counterpart, Mehr News reported; the sides discussed the Middle East situation.
- Iranian Foreign Ministry spokesperson said they have not accepted a 10 day ceasefire.
- Iranian Foreign Ministry spokesperson said they have not requested the resumption of talks with the US, intermediaries are conveying messages to the US. Kuwait has effectively made its territory available to the US.
- Iranian Foreign Ministry spokesperson said the situation around Hormuz has not changed, it remains shut.
- IDF intercepted two drones over the border with Jordan, TimesofIsrael’s Fabian reported.
- Iranian army reiterates that it will response more severely to “any possible incursions by the enemies”, Tasnim reported.
- Saudi Foreign Ministry said Saudi Arabia discussed with Oman the issue of ensuring the freedom and safety of navigation in the Strait of Hormuz, Al Hadath reported.
- Iranian TV said a ship was involved in an accident, and five ships that attempted to pass through the Strait of Hormuz via the unsafe passage this morning were turned back.
- Explosion reported in Erbil, Northern Iraq, according to Press TV.
- Israeli forces raid areas in West Bank and Jerusalem, according to IRNA.
- Sources told Asharq that Trump and Aoun are discussing a security agreement between Washington and Beirut.
- UK PM Burnham and Saudi Crown Prince MBS discussed regional developments in a telephone conversation, according to IRNA.
- An oil tanker exploded in the Strait of Hormuz after hitting a naval mine when it deviated from a navigation route designated by Iran, Mehr News reported.
- Iranian media reported of explosions in Jordan.
- Jordan Army said it downed two drones.
- Israel PM Netanyahu is travelling to Washington for a White House meeting with President Trump tomorrow, I24 reporter said.
OTHER
- Israeli official said PM Netanyahu’s planned visit to Washington has been postponed; no reason cited, and no new date has been set.
- CPC’s Black Sea terminal expected to resume oil loadings today following a one week suspension after drone attacks, sources say.
CRYPTO
- Bitcoin remains flat/subdued just above the USD 65k mark.
APAC TRADE
- APAC stocks were mostly positive, with risk sentiment underpinned as oil prices and yields declined following a halt in US-Iran strikes over the weekend, although some of the gains are capped, with price action somewhat choppy during the session as participants also await several major central bank meetings and key earnings later in the week.
- ASX 200 was led higher by strength in tech, materials and miners, while energy and defensives lag.
- Nikkei 225 swung between gains and losses with price action choppy amid recent currency moves, intervention risks, lower yields, and softer-than-expected Services PPI data, while participants also await the BoJ later in the week.
- KOSPI saw two-way trade and ultimately declined despite reports of NVIDIA deals with South Korean firms including SK Group and Naver, with the sector cautious ahead of key tech earnings.
- Hang Seng and Shanghai Comp were positive as Hong Kong was led higher by tech stocks including CXMT stakeholders such as Xiaomi and Meituan, with energy at the other end of the spectrum following the drop in oil prices, while the attention in the mainland was on CXMT, which soared over 500% on its debut in Shanghai’s STAR Market, making it mainland China’s most valuable company by market cap.
NOTABLE ASIA-PAC HEADLINES
- Chinese President Xi holds phone talks with Brazilian President Lula, while Xi called for China and Brazil to play a greater role in improving the global governance and upholding international fairness and justice. said:. China is ready to further strengthen bilateral multilateral strategic coordination with Brazil. China and Brazil should jointly promote high-quality development of the Greater BRICS Corporation. Supports Brazil in rejecting external interference.
- Seven new suspected H5 bird flu cases were identified in South Australia.
- Japanese PM Takaichi said the government is ready to take further timely action as needed to cushion economic blow from the Middle East conflict, adds FX rates move on various factors and it’s hard to identify impacts of any specific factor. said:. Raising Japan’s growth potential and its competitive advantage will boost market trust in the yen. Monetary policy adjustment and specific monetary policy means are up to the BoJ to decide.
- Japanese PM Takaichi will address measures including a consumption tax reduction in her press conference later today.
- Japanese PM Takaichi said cutting debt-to-GDP ratio is key to fiscal management.
- Japanese PM Takaichi does not comment about the possibility of a cabinet reshuffle.
- Japanese panel said to be looking at revising up minimum wage target; looking at hiking to “high JPY 1100 range”, Kyodo reported.
- Japan PM Takaichi noted Japanese inflation is amongst the lowest in the G7, adds that there are encouraging signs emerging for the wage outlook.
NOTABLE APAC DATA RECAP
- Hong Kong Balance of Trade (Jun) -52B (Prev. -44.2B).
- Hong Kong Exports YoY (Jun) Y/Y 53.4% (Prev. 40.8%).
- Hong Kong Imports YoY (Jun) Y/Y 45.4% (Prev. 42%).
- Japanese Coincident Index Final (May) 117.9 vs. Exp. 118.5 (Prev. 118.1).
- Japanese Leading Economic Index Final (May) 116.5 vs. Exp. 116.8 (Prev. 116.1).
- Japanese Services PPI YY (Jun) 3.2% vs Exp. 3.4% (Prev. 3.3%).
- Chinese Industrial Profits (YTD) YoY (Jun) Y/Y 18.7% (Prev. 18.8%).
- Chinese Industrial Profits YY (Jun) 15.1% (Prev. 21.1%).
NOTABLE GLOBAL EQUITY HEADLINES
- Softbank (9984 JT) is said to be nearing a deal for Blackstone’s (BX) Japanese payments unit, Bloomberg reported.
- The Trump administration will launch a global partnership with more than 20 allies today to accelerate the development of secure 6G wireless networks, as it seeks to blunt China’s influence, Politico reported.
- Nvidia (NVDA) and members are forming an alliance to build and share open tools that promote responsible use of and trust in AI. Firms involved include: NVIDIA, Adobe, Cadence, Capital One, Cisco, Cloudera, Cloudflare, Cognition, CrowdStrike, Databricks, Dell Technologies, DoorDash, Elastic, HPE, Hugging Face, IBM, LangChain, the Linux Foundation, Microsoft, NAVER, NetApp, Nous Research, OpenClaw, Palantir, Palo Alto Networks, Red Hat, Reflection AI,Salesforce, SAP, SK Telecom, ServiceNow, Siemens, Snowflake, SpacexAI, Synopsys, Thinking Machines Lab and TrendAI.
1 c) Asian opening report
Oil and USD tumble as US pauses strikes on Iran; Equity futures, Fixed and FX peers benefit – Newsquawk EU Market Open
Monday, Jul 27, 2026 – 02:21 AM
- US equity futures gapped higher following the pause in US strikes on Iran since Friday night; Risk sentiment underpinned by a decline in oil prices and yields.
- US CENTCOM commander Cooper advised the Pentagon and the White House that the next possible step is to return to a large-scale military operation.
- Iranian media reported that an oil tanker exploded in the Strait of Hormuz after hitting a naval mine when it deviated from a navigation route designated by Iran.
- Yemen’s Houthis said they carried out operations against Aramco facilities in Saudi’s Jizan and Yanbu.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.8% after the cash market closed with gains of 1.1% on Friday.
- Looking ahead, highlights include German Ifo (Jul), US Durable Goods Orders (Jun), Atlanta Fed GDP (Q2). Supply from the US. Earnings from LVMH & AstraZeneca.
SNAPSHOT
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IRAN CONFLICT
- US paused strikes against Iran over the weekend.
- US President Trump posted several generated images, including the US striking Kharg Island, the US striking Iran, an explosion of an Iranian vessel with the caption “No More Engines”, and an image of Trump holding a US flag on an Iranian vessel with the caption “It’s Our Oil Tanker Now!”.
- US President Trump denied that the US faces an ammunition shortage and said that US stockpiles exceed any other country and surpass actual operational demand.
- US VP Vance raised concerns to President Trump on Friday regarding the escalating war.
- US CENTCOM commander Cooper advised the Pentagon and the White House that the next possible step is to return to a large-scale military operation to destroy the approximately 20% of targets that the US military marked but did not attack during Operation Epic Fury. However, he stressed that if the decision is not to escalate the fighting and not return to a large-scale operation, there is no point in continuing the bombing campaign that has been underway for the past two weeks, according to the sources cited by Axios’s Ravid. Furthermore, Cooper stressed that the two weeks of strikes in the Strait of Hormuz area had significantly degraded Iran’s ability to attack ships.
- Iran’s Supreme Leader reiterated Iran’s strategic support for Hezbollah and demanded a full end to Israeli operations in Lebanon.
- Iran’s Foreign Ministry said it will never allow the US to pursue hegemony in the waters of the Arabian Gulf and the Strait of Hormuz.
- Iranian Foreign Ministry spokesperson Baghaei said information exchanges between Iran and the US, as well as mediators’ activities, are continuing. Iran’s Foreign Ministry spokesperson also said that diplomacy remains open, but added that their priority is defending the nation.
- Iran’s Foreign Minister Araghchi warned that Iran would respond to a deadly attack by Ukraine on an Iranian ship in the Caspian Sea, after Ukrainian President Zelensky announced that Kyiv conducted long-range strikes in the Caspian Sea on vessels transporting military cargo involving Iran.
- Qatar’s PM and Foreign Minister held a call with Oman’s Foreign Minister and stressed that parties must pursue dialogue and diplomacy, as well as implement the consensus reached under the US-Iran MoU, including ensuring freedom of navigation in the Strait of Hormuz to safeguard regional security and preserve stability.
- India’s embassy in Tehran said it is in close contact with authorities after an LPG tanker carrying 28 Indian crew members was attacked in Iranian territorial waters on Friday.
- Yemen’s Houthis said they carried out operations against Aramco facilities in Saudi’s Jizan and Yanbu, while the Houthis said on Sunday that they attacked three Saudi oil tankers in the past 48 hours, and are enforcing maritime blockade measures against vessels linked to Saudi Arabia.
- Yemen Navy official said that a Navy patrol boat was attacked and destroyed on Sunday in the Red Sea, which left three crew members missing, while the official blamed Houthi militants firing from several small boats.
- Fewer than 10 ships transited the Strait of Hormuz daily over the weekend, according to shipping data. It was separately reported that shipping traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast.
- An oil tanker exploded in the Strait of Hormuz after hitting a naval mine when it deviated from a navigation route designated by Iran, Mehr News reported.
US TRADE
EQUITIES
- US stocks were mixed on Friday, with the Nasdaq 100 the underperformer as weakness in technology stocks continued following earnings, while the S&P 500 was broadly flat. Intel (INTC) reversed its initial post-earnings gains as elevated CapEx weighed on the stock and broader semiconductor space. However, underlying breadth was considerably more constructive, with the Russell 2000 and Dow gaining, while the equal-weight S&P outperformed.
- Crude prices pared some of the sharp gains seen throughout the week, with Brent briefly falling below USD 97.00/bbl after reaching USD 102/bbl on Thursday. The weakness appeared to reflect some position squaring ahead of the weekend rather than a meaningful improvement in the geopolitical backdrop. There were several reports of note, but in late trade Trump stated he has not yet made up his mind on whether or not to conduct massive strikes on Iran, noting he always prefers to settle things diplomatically, and that the US and Iran are talking, while he sees them as the most serious they have ever been.
- SPX +0.06% at 7,413, NDX -1.15% at 28,128, DJI +0.45% at 51,947, RUT -0.28% at 2,932.
- Click here for a detailed summary.
TARIFFS/TRADE
- US is pressing Mexico to mirror Washington’s tariff wall against Chinese steel and aluminium by imposing Section 232-style duties on imports from outside North America.
- India said trade negotiations with the US helped it secure a lower tier of additional tariffs imposed by President Trump’s administration. India will continue engaging with the US on a trade agreement following the introduction of new tariff measures.
- Australian PM Albanese said he will appeal directly to US President Trump over new tariffs announced by Washington, describing the levies as unjustified.
APAC TRADE
EQUITIES
- APAC stocks were mostly positive, with risk sentiment underpinned as oil prices and yields declined following a halt in US-Iran strikes over the weekend, although some of the gains are capped, with price action somewhat choppy during the session as participants also await several major central bank meetings and key earnings later in the week.
- ASX 200 was led higher by strength in tech, materials and miners, while energy and defensives lag.
- Nikkei 225 swung between gains and losses with price action choppy amid recent currency moves, intervention risks, lower yields, and softer-than-expected Services PPI data, while participants also await the BoJ later in the week.
- KOSPI saw two-way trade and ultimately declined despite reports of NVIDIA deals with South Korean firms including SK Group and Naver, with the sector cautious ahead of key tech earnings.
- Hang Seng and Shanghai Comp were positive as Hong Kong was led higher by tech stocks including CXMT stakeholders such as Xiaomi and Meituan, with energy at the other end of the spectrum following the drop in oil prices, while the attention in the mainland was on CXMT, which soared over 500% on its debut in Shanghai’s STAR Market, making it mainland China’s most valuable company by market cap.
- US equity futures gapped higher following the pause in US strikes on Iran since Friday night.
- European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.8% after the cash market closed with gains of 1.1% on Friday.
FX
- DXY softened to start the week amid lower oil prices and yields following the pause in strikes between the US and Iran over the weekend, which has spurred a mostly positive risk environment. Newsflow from the US remained very quiet outside of geopolitics, while participants look ahead to this week’s main events, including several major central bank policy meetings (FOMC, BoE & BoJ) and key earnings from more Mag-7 companies.
- EUR/USD climbed at the open and reclaimed the 1.1400 handle amid the softer buck, while there were recent comments from ECB’s Zigman that the impact from renewed Middle East fighting will take time to appear in economic data, with uncertainty remaining and inflation effects expected to emerge in coming months.
- GBP/USD benefited from the weaker dollar but with further upside capped and trade contained within the 1.3300 handle, while pertinent updates over the weekend included PM Burnham ruling out holding an early general election.
- USD/JPY edged lower amid pressure in the greenback, but with downside cushioned following softer-than-expected Services PPI data and with participants awaiting the central bank policy decisions later in the week, including from the BoJ.
- Antipodeans eked mild gains amid the positive risk appetite, albeit with the upside capped amid a quiet calendar to start the week, while it was reported that Australian PM Albanese said he will appeal directly to US President Trump over new tariffs, and described the levies as unjustified.
FIXED INCOME
- 10yr UST futures gained and yields declined as the drop in oil prices eased some of the inflationary pressures, although further upside is capped as participants await this week’s key events, including the FOMC on Wednesday.
- Bund futures gapped higher as the pause in US-Iran strikes and subsequent impact on oil drove price action.
- 10yr JGB futures followed suit to the rebound in global peers, while participants also look ahead to the BoJ meeting later this week.
COMMODITIES
- Crude futures slumped at the open and dipped beneath USD 90/bbl after the US halted strikes on Iran over the weekend, although prices are off their worst levels amid ongoing supply risks, with ship traffic through the Bab el-Mandeb declining after Yemeni Houthis attacked Saudi Aramco facilities and oil tankers.
- Iraq will sign an agreement with Syria covering the construction of oil pipelines.
- Kuwait Petroleum Corporation’s unit entered a USD 16bln partnership to establish a joint venture for a network pipeline lease.
- Russia extended restrictions on gasoline exports through year-end, while Deputy PM Novak said diesel export curbs could be removed once the market stabilises.
- Spot gold climbed and briefly returned above USD 4,100/oz as the dollar weakened and yields declined alongside lower oil prices.
- Copper futures failed to sustain the initial upside amid the mostly positive, but somewhat choppy risk appetite.
CRYPTO
- Bitcoin marginally declined and tested the USD 65,000 level to the downside but is off today’s worst levels.
NOTABLE ASIA-PAC HEADLINES
- PBoC conducted CNY 500bln through its 1-year Medium-term Lending Facility.
- Japanese PM Takaichi said the government is ready to take further timely action as needed to cushion the economic blow from the Middle East conflict, while she added FX rates move on various factors and it is hard to identify impacts of any specific factor. Furthermore, Takaichi said raising Japan’s growth potential and its competitive advantage will boost market trust in the yen, and she is scheduled to address measures including a consumption tax reduction in her press conference later today.
- Monetary Authority Singapore slightly raised the rate of appreciation of the SGD NEER policy band, while it makes no change to the width and level it is centred, effectively tightening FX-based policy (exp. no changes). MAS said inflation could pick up more strongly than anticipated if energy price spikes anew, while it added that MAS core inflation is projected to step up from July and remain elevated, but should moderate discernibly from around mid-2027.
- Indonesia Central Bank Governor Perry Warjiyo stepped down due to personal reasons, while Deputy Governor Destry Damayanti will act as interim Governor.
- NVIDIA (NVDA) announced a USD 500bln-plus AI infrastructure and memory partnership with SK Group, which includes a 2GW AI factory planned in Korea for 2027, while NVIDIA will invest USD 1bln in Naver (035420 KS).
- SK Group Chairman said AI developer Anthropic has asked SK Hynix (000660 KS) for supplies to help produce its own semiconductors.
- Samsung Electronics (005930 KS) won a USD 200bln order to supply chips to Broadcom (AVGO).
DATA RECAP
- Chinese Industrial Profits YY (Jun) 15.1% (Prev. 21.1%)
- Chinese Industrial Profits YTD YY (Jun) 18.7% (Prev. 18.8%)
GEOPOLITICS
MIDDLE EAST
- Syria’s President said the country is seeking a security agreement with Israel and seeks multilateral participation.
RUSSIA-UKRAINE
- US President Trump will meet with Ukrainian President Zelensky at the White House on Tuesday.
- Ukrainian President Zelensky said Russia plans to bring 30,000 North Korean troops into the conflict.
- Ukraine said it struck a Russian oil refinery and facilities involved in defence component production, while a Ukrainian drone struck an oil refinery site in Russia’s Tyumen region, according to the regional governor.
- Romania shot down a third Russian drone, while its president described the airspace breaches as intolerable.
OTHER
- US, Japan and Philippines carried out joint defence drills in the South China Sea.
- North Korea said its nuclear capability will be updated steadily and that its nuclear deterrence is the ultimate shield for sovereignty.
GLOBAL
- Brazil blocked visas for two senior US State Department officials over alleged election interference.
EU/UK
NOTABLE HEADLINES
- UK PM Burnham ruled out holding an early general election, according to an interview with the BBC.
- UK PM Burnham’s cabinet members are more vulnerable to the Reform Party than those of former PM Starmer, according to a More in Common poll.
- UK AI Minister Narayan said chips and drones are to be at the front and centre of PM Burnham’s push to ‘reindustrialise’, according to FT.
- ECB’s Zigman said the impact from renewed Middle East fighting will take time to appear in economic data, with uncertainty remaining and inflation effects expected to emerge in coming months.
- More than 300,000 people were forced to leave their homes as France and Spain battled wildfires.
- German police shot and killed an Islamist suspect following a van ramming incident during Berlin Pride.
NORTH AND SOUTH KOREA AND JAPAN
SOUTH KOREA
JAPAN
3 CHINA/
China responds to the EU
Please recall that this is how it started with Russia. The tit for tat reactions of sanctions against companies even if warranted means a government has decided there is no trust and this is the lead up to war.
The Russian move was singular and now this escalates. It will not stop with China.
China has immediately responded to the EU’s inclusion of Chinese companies in anti-Russian sanctions. Beijing announced on Friday it was adding 14 European entities to an export control list in retaliation for the European Union penalizing 14 Chinese enterprises.
The European companies affected are: Lafert S.p.A. (Italy) – industrial electric motors
Garnet S.r.l. (Italy) – automation and robotics components
Sindlhauser Materials GmbH (Germany) – high-performance materials for vacuum coating
Rheinmetall AG (Germany) – defense contractor
Antraco Chemie-Handelsgesellschaft mbH (Germany) – chemical raw materials trading
InPACT S.A. (France) – semiconductor materials (indium phosphide wafers)
III-V LAB (France) – semiconductor materials and device R&D
Cavok UAS (France) – drone manufacturer
Vigo Photonics S.A. (Poland) – infrared detectors and semiconductor materials
Politechnika Wroclawska (Poland) – public technical university
IHC Merwede Holding B.V. (Netherlands) – shipbuilding
TATRA TRUCKS a.s. (Czech Republic) – truck manufacturer
Opticoelectron Group (Bulgaria)
Ekspla UAB (Lithuania)
The specific measures imposed include:
A ban on exporting dual-use items (goods, technologies, or services with both civilian and military applications) from China to these 14 entities.
A ban on foreign organizations and individuals from transferring or providing Chinese-origin dual-use items to these entities.
A requirement that any ongoing related activities must be stopped immediately
In special circumstances where exports are deemed necessary, exporters must apply to the Ministry of Commerce for approval.
4. EUROPEAN AND SCANDINAVIAN COMMENTARIES PLUS NATO
FINLAND/SPAIN
Finland & Spain Have The Highest Unemployment Rates, Japan The Lowest
Saturday, Jul 25, 2026 – 07:35 AM
Unemployment across the OECD averaged 4.9% in May 2026, but labor market conditions continued to vary significantly from one country to another as economic growth slowed across parts of the developed world.
This visualization ranks seasonally adjusted unemployment rates for people aged 15 and older across OECD member countries in May 2026, using data from the OECD.
Finland Tops the Ranking
Finland recorded the highest unemployment rate among OECD countries at 10.8%, narrowly ahead of Spain at 10.3%.
The country’s labor market challenges have been especially pronounced among younger workers, with unemployment reaching 23% among Finns under the age of 25.
Several European Economies Face Labor Market Pressure
Europe dominates the upper end of the ranking, with Sweden, France, Türkiye, Greece, Lithuania, Denmark, Luxembourg, and the Baltic states all posting unemployment rates above the OECD average of 4.9%.
Spain has consistently recorded one of the highest unemployment rates in the OECD for decades, reflecting long-standing structural challenges in its labor market.
Meanwhile, countries such as France and Sweden have also experienced softer labor demand amid weaker economic growth across Europe.
Japan and South Korea Remain Among the Lowest
At the opposite end of the ranking, Japan posted the lowest unemployment rate at just 2.5%, followed by Mexico (2.7%), South Korea (2.8%), Israel (2.8%), and Czechia (2.9%).
These countries continue to benefit from relatively tight labor markets, supported by demographic trends, steady employment demand, or structural labor shortages.
The United States also remained below the OECD average, with an unemployment rate of 4.2%, while Canada stood at 6.6%, reflecting somewhat weaker labor market conditions than its southern neighbor.
Overall, the OECD average unemployment rate of 4.9% suggests that labor markets remain relatively healthy despite slowing global growth and ongoing economic uncertainty.
If you enjoyed today’s post, check out this graphic on the world’s richest countries by GDP per capita.
END
UK
“Why I’m Writing This Anonymously And What That Says About Free Speech In Britain”
Saturday, Jul 25, 2026 – 07:00 AM
Authored by ‘regular bloke’ via dailysceptic.org,
I have wanted to write for the Daily Sceptic for a long time. It should be a straightforward ambition to fulfil. I have opinions, I support free speech and scepticism, and here is a publication built for exactly that. Instead, my first contribution arrives unsigned. I think the reason why is, in itself, the article.
Ann Widdecombe’s murder has reopened a question that surfaces from time to time: should politicians with ‘unfashionable’ views get extra protection? The investigation continues, so I won’t comment on that, but the fact that the question is even being asked in response to a 78 year-old woman being killed in her own home tells you something regardless of how the investigation concludes. We have been here before. Jo Cox in 2016. David Amess in 2021. A pattern is forming, whatever the final facts of this particular case turn out to be.
The debate this triggers is usually framed narrowly: what security do MPs need? I want to push it wider: what if politicians are not actually the group most exposed? They have protection officers, party machinery and a public profile that makes an attack on them a national story. I have none of that. Neither does anyone else who simply has an opinion and a job to protect.
I recently listened to Professor David Betz of King’s College London’s Department of War Studies, who argued that Britain may be entering a period of increasing internal conflict in which political violence becomes more likely.
Whether or not one accepts his analysis, it’s difficult to ignore the growing sense that our public discourse has become more hostile and less forgiving.
If expressing political disagreement increasingly carries the risk of intimidation or worse, the answer cannot simply be to provide more security for an ever-expanding list of public figures.
That treats the symptom rather than the disease.
The view from nowhere and a nobody in particular
I consider myself an ordinary person.
Thirty-plus years ago I would have considered myself slightly Left-leaning. I liked to think of myself as one of the good guys.
But somewhere in the last three decades the Overton window slid sideways, and views I’ve quietly held throughout – that mass immigration, legal and illegal, hasn’t obviously benefited the culture I grew up in, that free speech should mean everyone’s speech, including the people I disagree with – are now filed under ‘Right-wing’.
I don’t think I’m unusual. Look at the Brexit vote, which for many people was as much about sovereignty and control over immigration as it was about Brussels. Look at any poll on migration levels. There is a large, ordinary, non-extreme constituency that holds views broadly like mine. And a good number of them, I suspect, keep quiet for the same reason I’m staying anonymous here: weighing up whether speaking out is worth the risk. Silence can easily be mistaken for consensus, and I suspect that’s exactly what’s happening here.
Which raises a question I’ve had to sit with while writing this: am I a coward? Publishing anonymously, after all, is a way of having the argument without paying for it. But I don’t think cowardice is really what’s on display here. A coward stays silent. What I’m doing is closer to something else entirely: deciding that saying this at all matters more than saying it under my own name, while still not being willing to bet my livelihood on it. If that’s cowardice, then I suspect it’s shared by a very large, very quiet number of people who hold perfectly mainstream opinions and have simply done the same calculations that I have. That, in itself, might be the more troubling finding than anything else in this piece.
Fear arrives before the crackdown
This is the part I think gets missed in the security debate. We talk about authoritarianism as something that happens to you: a knock on the door, a lost job, a police caution for a tweet. But before any of that, there’s the version that happens inside your own head. You draft the post and delete it. You bite your tongue at the dinner table. You calculate what a client, a neighbour, or a local WhatsApp group might do with an honest opinion, and you decide it isn’t worth finding out.
That calculation isn’t paranoid. The variables feeding it are laid out in article after article in the Daily Sceptic. Prevent’s own material cites “cultural nationalism”, defined as the belief that Western culture is under threat from mass migration and a lack of integration by specific ethnic and cultural groups, as a sub-category of extreme Right-wing ideology. Two-tier policing is underpinned by the College of Policing and National Police Chiefs’ Council (NPCC) Anti-Racism Commitment, which states that policing should not be “colour blind”, a principle many officers and members of the public have read as licence to treat people differently according to race. It is perhaps no coincidence that public trust in these institutions has been falling sharply. Gallup found that Britons’ confidence in the courts dropped 12 points in a single year to 57%, while confidence in local police fell 11 points to 64%, the largest year-on-year declines on record for either measure. When the referee looks like it’s picking sides, people stop trusting the game.
Campaigners have logged tens of thousands of ‘non-crime hate incidents’ a year, the great majority of them originating from something someone posted online. And after events like the Southport riots, an entire category of people were branded ‘far-Right thugs’ as a matter of editorial habit. None of this needs to end in a prosecution for it to work. Its function is to make you flinch before you speak, not after. And it’s working: a YouGov poll found that 57% of Britons admit to sometimes holding back their views for fear of a negative reaction, and research published earlier this year found the same pattern setting in even among teenagers, with around one in five saying they hide their political opinions at school to avoid being ‘cancelled’. Self-censorship of this kind isn’t a fringe habit. It’s now closer to a majority experience.
Nothing dramatic has happened to me. Nobody has knocked on my door. I have not been arrested, cautioned or sacked. I have simply chosen, before any of that could happen, to leave my name off this piece. That is precisely the point. Fear doesn’t need to become reality to change behaviour. The anticipation of it is enough.
That’s the self-censorship no one puts a number on, and I think it’s doing more to shrink public debate than any single policy or piece of legislation. Its success isn’t measured by how many people it punishes, but by how many quietly change their behaviour hoping never to be punished at all.
What the Free Speech Union can’t do
I say this as a member and supporter, not a critic: the Free Speech Union does something genuinely valuable. It represents people who get victimised for exercising their right to free speech, such as those facing job losses, disciplinary action or no-platforming for holding a lawful opinion. It lobbies against bad policy before it’s enacted or written into law. Both of those are real, useful functions.
But none of it reaches the moment someone decides to act with their fists rather than a complaint form. If an opinion gets you followed home, or attacked in the street, the Free Speech Union cannot stand between you and that. Nothing currently can, if you’re not a high profile figure with a protection detail. I don’t say that to be alarmist. I say it because it’s the honest answer to ‘What happens if this goes further?’, and I don’t think we’ve collectively worked out what we do about it.
It’s worth adding: this isn’t only a problem for people like me. Journalists and broadcasters who’ve been pushed out of mainstream outlets over their views have, in plenty of cases, faced worse, genuine, sustained threats, and some have built independent platforms only because staying inside the mainstream tent stopped being an option. I don’t want to suggest their situation is easy. But for many at least, it is a chosen fight, with an audience and often an income attached to it. Mine isn’t. I have a job, clients and neighbours, and none of them signed up for my opinions to become their problem.
So, anonymously
Which brings me back to where I started. I am not a public figure. I have no security detail, no platform to defend and no appetite for becoming a story.
What I have is an opinion that used to be unremarkable and now apparently isn’t, and a reasonable fear that saying so under my own name could cost me clients, friction with neighbours or worse.
So I’m saying it without my name attached, in a publication built specifically to defend my right to say it with my name attached.
If that strikes you as a contradiction, it should.
I think it’s the clearest evidence I can offer that something in this country’s relationship with free expression isn’t working: not a theory about it, but a person quietly acting on the fear of it, in real time, in this very article.
END
UK
Meet Britain’s New Cabinet Of Fakers, Fraudsters And Hangers-On
Sunday, Jul 26, 2026 – 09:30 AM
Authored by Bruce Newsome The New Nuisance,
Britons are struggling to characterize their new Cabinet, following the arrival of a new prime minister on Monday. The Cabinet is not as northern or female as Andy Burnham signaled. Most members have certainly changed. Most are not loyalists to Keir Starmer, even less so to Tony Blair. Like Burnham, many hark back to a mythical golden age of socialism in the 1970s. Like him, most are alarmingly deficient in popular mandate, external qualifications, and even political trust for their new responsibilities.
Let’s start with Burnham himself, a man born in Liverpool who pretended to be Mancunian to win the mayoralty of Manchester. He claims to represent the north but has not lived north or east of Manchester. At best, he represents a narrow part of west-central England, just north of the Midlands.
Burnham has always looked south while talking up the north. Burnham was most newsworthy for agitating for changes in national government, despite sharing a party with Starmer.
As Starmer continued to trip himself up with both feet, Burnham was one of the Labourites who prevailed on ministers to brief against their PM. After Starmer blocked Burnham’s candidacy for an accidental by-election in February, Burnham prevailed on a local MP to resign from Makerfield to force a by-election in June, which Burnham won easily, to return to Parliament, which would allow him to challenge Starmer for the leadership (less than two years into Starmer’s five-year term). Starmer initially vowed to fight on but announced his intent to quit this month. No MP stepped up to challenge Burnham’s presumptive run.
Thus, Burnham has no popular mandate to be PM, even within the party, except in the form of pledges by more Parliamentary partisans in support than against. Opposition parties rightly called for a general election to confirm his premiership, but the constitution does not oblige him.
Burnham’s supporters pretend that his easy rise proves the strength of his candidacy. In reality, it proves the weakness of his party. It could not find a new leader within its own MPs, despite a whopping majority. It triggered an expensive by-election and a more expensive mayoral election to reach outside of Parliament. Meanwhile, Burnham unwittingly poured scorn on that same Parliamentary party by criticizing normal politics and the London elite. (Since then, he has aired the idea of moving the Cabinet from London to Manchester. His current plan is to spend at least one day per work week there. That’s neither efficient nor effective.)
In the many weeks that Burnham enjoyed as rising PM, he remained vague about his Cabinet and his policies.
On Monday, he spent hours appointing just the highest roles in the Cabinet. The other appointments look set to continue for days.
Of the first day’s picks, I must start with the only selectee who can be coded as qualified and mandated (although not loyal).
John Healey becomes Chancellor of the Exchequer, the second most powerful position in government. He had quit as defense secretary six weeks ago, over Starmer’s procrastination on filling a hole in defense spending. Healey said that Britain should spend 3 percent of GDP on defense by 2030, which means he will need to find a couple dozen billion pounds per year. Previously, he advocated issuing “war bonds,” but who would buy them when the government is running record debt? He will need to cut other departments or raise taxes (probably both). On Monday, Healey said “fiscal control” would be his “first duty.” You could see the markets’ confidence decline immediately.
Healey’s resignation suggests a certain loyalty to Burnham, but otherwise they barely know each other. More usefully, he was a minister in the Treasury under Prime Minister Gordon Brown. Yes, Healey is actually qualified by experience! This is remarkable given that his predecessor, Rachel Reeves, falsified her CV, couldn’t add, and quickly became the most U-turn-prone and hated chancellor ever, as well as the most tearful.
Healey remains constrained by record government debt and his party’s suicidal unwillingness to cut spending. Remember that Starmer increased spending on welfare and benefits, after backbenchers rejected his proposal to cut them. (That was within Starmer’s first year of premiership.)
Burnham is an out-and-proud socialist who had already signaled that his government would spend and tax more. By Tuesday, his administration revealed plans to cut VAT (a sales tax) on electricity, to be funded by cutting the Starmer administration’s planned digital ID. But the minister responsible for that plan, Darren Jones, revealed, after being fired by Burnham, that digital ID was never funded. So Burnham is either ignorant or dishonest. This . . . doesn’t . . . bode . . . well.
In any case, scrapping VAT on electricity doesn’t make much difference to a household electricity bill in which most of the pricing goes to fund green initiatives, debt, stealth taxes, and administration.
Burnham already looks unprepared and unreliable.
Confirmation comes in the form of his deviation from his team’s prior briefings that he would appoint either Ed Miliband or Shabana Mahmood to the Treasury.
Red Ed goes to the Foreign Office, for which he is woefully unqualified and an undoubted liability. He infuriated the U.S. (and most Britons) as energy secretary, with his absolutism about reaching net-zero carbon by 2030, at whatever cost to the consumer. Ed also, by the way, reminds everybody of the weakness of the party’s leadership selection. He was leader from 2010 to 2015, when he literally and metaphorically stumbled at every election husting. Yet Burnham thinks Miliband is the best person to articulate British interests abroad? This won’t last long.
Miliband is already hurt. He has been denied the job he wanted, even though he was the first senior minister to call for Starmer to go, and he helped Burnham with an economic plan. (Some plan: it remains as vague as ever, except for the Soviet-style time horizon of 10 years.)
Meanwhile, Mahmood stays at the Home Office. Under-informed (or biased) souls read this as confirmation of her competence in pushing through controls on illegal immigration in the face of majority opposition from civil servants and backbenchers. In fact, she is hurdling a low bar after decades of government failures to control immigration, despite popular demands and almost every party’s commitments to lower net immigration.
Worse, Mahmood is duplicitous. She tells the right wing that her tweaks to the benefits and the timeline of asylum applications will dramatically control immigration. She tells the left wing that she will make the refugee route easier (which is the route by which almost all illegal immigrants get residency, with more privileges than citizens). Also concerning is Mahmood’s long history of Islamocentrism, which is bizarrely ignored by mainstream media. She tars normative Britons as racists (whites and Jews in particular: isn’t that racist?), campaigned against Israel, played up her status as the first Muslim home secretary, promised that her promotion would serve “her” community, and railed against supposedly routine experiences of racism in her hometown of Birmingham, where her demographic is the largest.
I doubt Mahmood will last much longer than Miliband within Team Burnham. He favors the left of the party, which has characterized her (ridiculously) as a Nigel Farage in Labour colors. For now, Burnham needs to be seen to reward her, if only because one of her allies in Parliament, Josh Simons, was the MP who resigned from Makerfield to make way for Burnham.
So the highest three officers in the land will not last as long as normal, in my estimation. Burnham’s administration will not bring the stability that Britons crave, let alone the competencies that the markets and foreign governments crave.
Talking of high ministers who won’t last long, we must go next to Wes Streeting, who had resigned as health secretary (the poisoned chalice of all ministerial appointments anyway), to build support for a challenge against Starmer. Yet after the by-election, Streeting said he wouldn’t run against Burnham, who now must reward him. Streeting becomes defense secretary. During the weekend’s rumor mill, the former chief of the British Army, Lord Dannatt, said that Streeting “knows the square root of nothing about defence.” Indeed. He’s one acquisition scandal away from a sacking. And that sort of scandal leaks every few months from Britain’s MOD.
From a turncoat Starmerite, we now turn to the loyal Starmerites who remain in government on borrowed time.
The highest-profile survivor is Pat McFadden, who will remain as work and pensions secretary – which is strange given that the government has decreased neither worklessness nor liabilities. Excuses abound for his early dismissal. And since Burnham is committed to the so-called triple lock on pensions and to increasing welfare (he talks about social care as the neglected component, but he’s not talking about cutting anything), McFadden has no obvious options except to increase spending. That’s the vicious cycle that these monkeys refuse to see, hear, or speak.
Jonathan Reynolds was Starmer’s chief whip, a role that Burnham talks about deleting (he must think that everybody will love him forever without whipping). Reynolds will take over the merged departments for Science and Technology, and Business and Trade. Burnham has a short-term interest in Reynolds. Reynolds was an ineffective whip, but in his previous role, as business secretary, he temporarily solved the collapse of British Steel by forbidding more foreign ownership and investing in government ownership. Burnham has always liked public ownership of heavy industry and transportation and has already confirmed a policy to fully nationalize British Steel. But once that process is complete, Reynolds-the-Starmerite won’t be needed. The backbenches are full of untested socialists who think closer to Burnham on public ownership.
For similar short-term reasons, Burnham kept Heidi Alexander as transport secretary and kept Lisa Nandy as secretary of state for digital, culture, media, and sport. The latter is one of the departments with its own unit for countering “disinformation” (i.e., criticism of government) by spreading disinformation. It’s also led the lawfare to punish social media companies for “harmful” content, to restrict children under 18 years of age from accessing social media (an age that makes a mockery of the same government’s plans to lower the voting age to 16), to restrict everybody’s access to VPNs, and to censor information during election season. Burnham supports such authoritarianism. His hopes for the general election in 2029 depend on it.
Yvette Cooper has been demoted from foreign secretary to health secretary, which seems designed to set her up for further failure. Ironically, she is the most qualified minister by experience, having served through the Blair and Brown administrations, but that experience is to the right of Burnham’s ideological bent. (Always strange to describe a Labourite as to the right of anything.) She already has a reputation for indecisiveness, invisibility, and foot-in-mouth disease. She must immediately deal with yet more strikes by medical unions unless exorbitant demands for pay raises are met. These have been going on for years. She won’t last years.
Another poisoned chalice is the Ministry of Justice, given mainstream recognition of two-tier justice, increasing political violence, and overcrowded prisons (to be relieved in September by, er, releasing prisoners early, including murderers and rapists). The new justice secretary is Alex Norris, who spent a year as minister for border security. And look how border security improved.
Bridget Phillipson has been sacked as education secretary, having decimated private schools by abolishing their charitable status (one liability is VAT, at 20 percent). She keeps her job as minister for women and equalities, but I don’t expect that to last long. At some point she must be sacrificed to protect the administrative state from its foot-dragging over decades of rapes of mostly white children by gangs of mostly Muslim immigrants and second-generation immigrants (with the awareness and sometimes participation of local police, social workers, and politicians, mostly from the Labour Party).
So let’s get to high offices that will last, despite lack of qualifications. Get this one. The effective deputy PM goes by the titles of first secretary of state and chancellor of the Duchy of Lancaster. Burnham gave the titles to Louise Haigh. She is a strong Burnham ally, which isn’t a compliment in my book, although it is some justification for deputizing. Her penchant for dyeing her hair blood-red perhaps helps. Otherwise, she isn’t qualified. Her highest prior role was transport secretary, which Burnham loves (he’s always banging on about subsidizing public transport and has already announced a cap on bus fares). But she held that role for just a few months in 2024, before resigning after revelations that she was convicted of fraud in 2014. Funny she hid that history on the campaign. (The irony.) So the effective deputy PM is a convicted fraudster. She’s also privately educated but opposed to private education. Only in Britain … and other tinpot democracies.
We’re not done with (alleged) fraudsters in government. Angela Rayner is back as housing, communities, and local government secretary, having resigned from the same role when she failed to pay a tax (“stamp duty”) on her third house. It was an oversight, she said . . . even though she was the minister administering the tax.
Another promotion is Lucy Powell, the new education secretary. Does she claim any expertise in education? No. Except that she is female, which is qualification enough for most progressives of our time, and she is a close ally of Burnham, and she is from “the north” (self-declared). See the pattern?
Alas for her, the Titanic education secretaryship is heading for an iceberg that few in government are willing to admit: blowback for the government’s manipulation of safeguarding doctrine to hide information (such as transgender dysphoria) from parents whom teachers think won’t be supportive enough, and for a new policy of screening boys for the pre-crime of violence against women and girls, and for decades of politicized, racialized indoctrination of children, at the expense of real knowledge and skills. Is it any wonder that one in six Britons aged 16 to 24 years is not in employment, education, or training? Well, it’s still a wonder to the government, conveniently.
A sort-of-incumbent is the new energy secretary. Miatta Fahnbulleh had served as Miliband’s undersecretary before she quit in late 2024 when Starmer’s administration cut payments to most pensioners for their winter fuel expenses. (Starmer U-turned but didn’t recall her to government.) Don’t expect her to permit drilling for North Sea oil and gas. Do expect her to stick slavishly to net-zero madness. The inflationary effects on the Consumer Price Index alone are enough to guarantee the defeat of this government in 2029.
In a related portfolio, Dame Angela Eagle is the new secretary of state for environment, food, and rural affairs, coming from the Home Office. Should you have heard of her? No. Her claim to fame is challenging Jeremy Corbyn for the leadership back in 2016, which gives her sort of centrist standing. Anyway, she failed. She withdrew to support Owen Smith – who also failed. It’s an inspiring bench.
A surprisingly relevant portfolio to this government’s failed economics is Wales. Let me explain. Burnham has asked Stephen Kinnock to replace Jo Stevens as Welsh secretary. Stephen’s qualifications are: he is Welsh, and he is the son of Neil Kinnock, who led the Labour Party through general election defeats in 1987 and 1992 and yet is Burnham’s ideal of the prime minister we should have had.
Stephen is the exemplar to end with – the exemplar of the terminal mess the Labour Party has got itself into:
- inherited glory within a party that rails against privilege;
- failed politicians lauded as greats;
- doubling down on an unadmitted socialism that has already been rejected by the public multiple times, across nearly half a century;
- the appointment of professional politicians to roles for which they have few non-political qualifications;
- the promotion of ministers based on political ideologies and loyalties rather than functional merits; and
- the retention of incumbents for short-term political purposes, to the neglect of long-term stability.
Strap in: the Burnham administration will be even more calamitous and self-defeating than the Starmer administration.
The silver lining is that it will be entertaining, so far as you can look on the funny side of outcomes that will be very bad for most Britons and catastrophic for some (such as the thousands being imprisoned for tweets, or raped or knifed to death by illegal immigrants).
Yes, Britons must suffer through three years of a premiership even worse than Starmer’s before they get a chance to vote it down.
END
EUROPE
European Wildfires, Net-Zero Stagnation, & The Great Industry Displacement
Monday, Jul 27, 2026 – 03:30 AM
Europe’s wildfire crisis has also exposed the failure of public spending rhetoric unsupported by effective land and forest management. EU governments spent 40.6 billion euros on fire protection services in 2023. In 2022, the total expenditure stood at EUR 37.4 billion. The European Court of Auditors discovered that spending oversight was incomplete, result monitoring was weak, and there was no assurance that the most impactful actions received financing. At the same time, the average annual burnt area in the EU rose to 527,000 hectares in 2021-2024, up sharply from 268,000 hectares in 2006-2010, showing that more money has not guaranteed better outcomes.
European Commission policy documents acknowledge that sustainable forest management, vegetation thinning, firebreaks, access roads, buffer zones, mixed grazing, and prescribed burning are essential to reduce wildfire risk.
Therefore, the worsening wildfire record is not only a climate story but also a policy failure in land management, prevention design, and execution.
This is just another example of how big government does not mean better services. The European Union spends more and gets worse results. What do governments say? Of course, they need more revenue.
Net zero is proving to be a failure wherever it is implemented. From 1996 to 2024, Europe, the United Kingdom, and Canada cut CO₂ and greenhouse gas emissions, but most of the reduction came from economic stagnation and deindustrialization, higher domestic energy costs, and a rising dependence on imported manufactured goods from more carbon-intensive economies such as Russia, China and India. EDGAR’s 2025 release provides country and sector time series from 1970 to 2024 and shows that global greenhouse gas emissions reached 53.2 Gt CO₂eq in 2024, up 1.3 percent from 2023, even as many advanced economies continued to report lower domestic emissions.
The central issue is not whether emissions in Europe, the UK and Canada fell. They did. The issue is whether almost two decades of tax-based climate policy, net-zero mandates, and CO₂ price mechanisms delivered durable decarbonization without hollowing out productive industry. The evidence shows that most of the apparent success came from weaker domestic industrial output and a larger share of energy-intensive production moving abroad.
Since the late 1990s and especially after the mid-2000s, European climate policy has relied on carbon pricing, emissions caps, renewable mandates, massive energy taxes, and direct subsidy programs, added to net-zero targets. The EU Emissions Trading System, the UK’s successive carbon budget framework under the Climate Change Act, and Canada’s federal and provincial carbon-price architecture all aimed to make emissions expensive and low-carbon investment more attractive.
These policies did reduce domestic emissions intensity in several sectors, but they also increased costs for energy-intensive industries that compete globally on thin margins. OECD analysis of the clean-energy transition and job displacement in energy-intensive industries finds significant adjustment costs and employment losses in exposed sectors across OECD economies, even where aggregate employment data obscure the local and regional damage.
EDGAR’s long-run database shows that for Europe and the UK, emissions trends since 1996 show substantial territorial declines, especially after 2005, while Canada’s progress is more limited and uneven.
In 1996, the advanced industrial economies of Europe, the UK, and Canada still retained a larger share of heavy industry and manufacturing capacity than they do today. By 2024, these economies had reduced domestic emissions significantly, but global emissions had risen, with China and India accounting for a far larger share of world industrial output and CO2 emissions. EDGAR’s 2025 report shows that global emissions continued to climb in 2024, despite the years of climate policy architecture in Europe and the expanding net-zero agenda in advanced economies.
If the policy model were decisively successful, one would expect falling emissions in high-tax, high-regulation economies to be matched by a broader flattening of global emissions, especially after years of carbon pricing and climate spending. Instead, emissions have often been redistributed geographically through trade and offshoring. Furthermore, if the green policy framework had worked, there would have been stronger job creation, economic growth and manufacturing output from these policies. It was the opposite.
The IEA notes a changing landscape of global emissions in which advanced economies account for a smaller share while emerging Asia’s role expands rapidly. EDGAR’s country data and reports indicate that China and India have posted large increases in absolute emissions over the same broad period in which Europe and the UK pursued ever tighter climate goals. Global supply chains absorbed a meaningful share of the industrial activity no longer produced domestically in the West.
This is why territorial accounting for emissions is misleading. A country can reduce emissions on its balance sheet while increasing consumption of imported goods whose production is more carbon-intensive abroad. In that case, domestic policy changes the location of emissions more than the level of global emissions.
The economic cost is visible in the structure of output, employment, and investment. Research on net zero in power and industry shows that job creation and value added depend heavily on keeping supply chains local. Therefore, as production is imported, the economic gains shrink while domestic adjustment costs remain. The Resolution Foundation’s work on net-zero jobs highlights that the shift to a greener economy affects jobs differently in various regions and industries, with industrial areas suffering even though overall green investment figures are not enough.
All this has meant slower industrial investment, higher electricity and fuel costs for consumers, and more reliance on fiscal transfers, subsidies, and industrial-policy packages to offset the damage caused by the initial policy shock. Thus, governments first make domestic production pricier through taxes, carbon prices, and mandates, then spend billions of public funds trying to compensate some firms and households for the resulting loss of competitiveness and purchasing power.
Canada is a clear example of this policy failure. Climate spending and carbon-pricing frameworks are justified as tools for long-run competitiveness. However, none of that has happened and it has been virtually impossible to preserve industrial activity when firms can relocate investment to lower-cost jurisdictions. The same logic applies in Europe and the UK, where subsidy races and compensation schemes have become a permanent feature of climate policy rather than a temporary bridge.
The strongest criticism of tax-heavy climate policy is empirical. Global emissions are still rising nearly two decades after the expansion of carbon markets, energy taxes, and net-zero commitments. EDGAR reports that global greenhouse gas emissions hit 53.2 Gt CO2eq in 2024. The IEA similarly describes a global emissions landscape in which reductions in advanced economies are offset by increases elsewhere, particularly in countries where coal remains central to power generation and manufacturing.
China and India became indispensable to global manufacturing during precisely the period in which Western governments tightened domestic climate policy. In essence, European, UK and Canadian climate policies have worked as a giant subsidy to Chinese and Indian growth paid by domestic consumers.
The result is a model that can be called net zero stagnation. Although domestic emissions fall, so does industrial capacity and real net wage growth, while the world remains on a rising emissions path. Europe, the UK, and Canada have proven that taxes, carbon pricing, and public spending suppress local emissions at the expense of displacing domestic industry. These policies tend to reduce global emissions only by displacing production, weakening competitiveness, making citizens poorer, and increasing the role of the state in the economy.
A stronger climate strategy would focus less on symbolic targets and punitive taxation and more on technological innovation, free markets, domestic energy supply, productivity growth, and open competition. Until then, much of the celebrated emissions progress in advanced economies will come from disappearing factories and weaker competitiveness.
END
GERMANY
Left-Wing Activists Rush To Defend Islamic Migrants After Attack On Berlin Pride Parade
Monday, Jul 27, 2026 – 05:45 AM
Is “suicidal empathy” the real cause of the western world’s immigration crisis? Or, is the political left completely devoid of empathy? Is the multicultural agenda so important to them that they’re willing to sacrifice their own people to protect it?
The problem of “intersectionality” and engineered mass immigration is that progressive ideals are not shared or respected by most cultures. Leftists envision a sweeping coalition of socialist and minority groups joining forces to destroy the “evil colonial west”, but they seem to be ignoring the fact that foreign elements entering Europe and the US hate liberals as much as they hate conservatives.
This might not be stupidity – it might be a calculated risk on the part of woke leaders who are happy to throw a few of their “comrades” to the third world wolves in the service of the “greater good.” A common tactic of Antifa and related organizations in the face of a terror attack or criminal event that makes them look bad is to counter by diverting the public discourse. The pattern is undeniable and undoubtedly well planned.
For example, public information on the assassination of Charlie Kirk was immediately diverted with false claims that the shooting suspect (Tyler Robinson) is “right wing”. When that narrative fell apart, they fabricated an elaborate conspiracy theory blaming Israel, Kirk’s own organization and his wife.
As it turns out, Robinson confessed to his family members and his transgender partner that he committed the murder. The fraudulent theories have been destroyed by the evidence, but the mission was already accomplished – Leftists and their allies were able to derail public outrage and avoid retribution.
When a minority or migrant commits a heinous crime against a white person, activist groups organize protest events against “whiteness”, as if white people are liable for the actions of minorities.
When attacks on LGBT groups are committed by Muslim suspects, progressives often step in and protest: Not against Islam, but against western conservatives as the cause of the violence. The slaughter at the Pulse nightclub in Orlando, Florida is often associated with US conservative movements; the fact that the perpetrator (Omar Mateen) was Muslim is completely washed over.
Someone else is always the culprit and leftists and their “allies” always escape scrutiny.
Now, we see the same pattern in Germany where a Muslim (Abdul Ballout) was shot and killed after ramming a vehicle through a pride parade, killing one person and injuring 29 others. Leftists are desperate to divert attention away from the Islamic issue and they are brazenly blaming conservatives for the attack.
The organizers of the parade have made a public statement admonishing anyone who points out that the attack once again proves that Muslim immigration into Europe is a problem. They assert that the attempted mass murder should not be used to “create division” and at no point did they cite Islam as a potential motivating ideology.
Activists have rushed to social media to scapegoat the right wing. In many cases, simply acknowledging the connections between constant attacks in Europe and the mass immigration of third worlders is treated as a trigger for further violence. In other words, the more conservatives point out the source of the threat, the more responsible they are for the violence against LGBT groups.
Of course, Christians in Europe are also the regular targets of attack by Muslim migrants. Numerous Christmas festivals in Germany have been cancelled in recent years for this very reason. Muslims keep driving trucks into them and killing people. But that’s of no concern to progressives, and neither is the murder of their fellow activists. They simply cannot allow conservatives to be right about immigration.
“Hearing the news that a car — a man in a car [drove into the crowd]… the first thing I thought was: ‘Hopefully it’s not a Kanake (Muslim foreigner)… hopefully it’s a Christian white person.’ But it wasn’t. That’s where intersectionality comes into play again. We don’t all fight the same battles, but we’re there for each other in moments like these. And that’s beautiful.”
That’s right, whenever these attacks occur, leftists are hoping it was a white conservatives behind the wheel or on the trigger, but this is rarely the case. When it’s one of their own or a migrant, they call for unity and intersectionality and shift the blame.
It’s obvious that the multicultural agenda is more important to progressive leaders than the LGBT agenda. If the woke left actually gets what they want (which is total invasion of the west by the third world) many of their supposed principles will face elimination by those same migrants. Leftists don’t care. What they want is to burn the west to the ground. The ends justify the means.
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS//
FRIDAY NIGHT//ISRAEL/IRAN/USA
US Pauses Iran Bombing Campaign As Saudi-Houthi Red Sea Front Erupts
Saturday, Jul 25, 2026 – 08:45 AM
Brent crude surged 27% over two weeks to settle at $96.78 a barrel on Friday, briefly breaching $100 this past week as traders priced in a higher war-risk premium into energy markets amid simultaneous chokepoint threats to the Strait of Hormuz and the southern Red Sea.
Meanwhile, the US appeared to pause its 13-day campaign of daily overnight strikes against Iran. While there was no indication that the operational halt would extend into next week, the pause certainly reinforces the diplomatic signals highlighted in our US-Iran wrap on Friday.
However, there was an escalation overnight with Saudi-led strikes on Iran-backed Houthi targets in Hodeida. This comes after the terror group attacked multiple Saudi-linked tankers in the southern Red Sea area.
Houthis escalate with attacks against Saudi Arabia:
Saudi Arabian oil refinery reportedly hit by Houthi missile:
The confrontation threatens to open a second major front in the Gulf conflict. With traffic through Hormuz largely paralyzed, sustained Houthi attacks on Yanbu or ships entering Bab al-Mandab Strait could disrupt millions of barrels of Saudi exports, raise shipping costs, and further tighten physical markets.
Hormuz Traffic
Bab al-Mandab Strait Traffic
Commodity desks from JPMorgan, RBC, Goldman Sachs and others warned this past week that spreading “strait chaos” across the Gulf and widening disruptions to regional energy flows could drive further upside in crude if the conflict persists. Brent has returned to the $90s after briefly trading above $100 a barrel.
Here’s what top commodity desks are saying:
•Goldman Warns Brent Could Top $120 If Gulf Chokepoint Crisis Deepens
•Gas Prices Nearing Levels That Could Push Trump Towards Iran Talks, Says JPM Commodities Expert
And then there’s this:
•Nine Potential Commodity Wildcards As “Once-A-Decade” Shocks Become New Normal
Red Sea disruption already materialized on Friday when a Hong Kong-flagged supertanker decided to turn away before reaching Bab el-Mandeb and to instead transit around the Cape of Good Hope, reinforcing longer freight times, higher rates, and more disruptions:
•Oil Tanker Makes Red Sea U-Turn After Houthi Threats, Reroutes Around Africa In Costly Transit
There is good news because US-allied Gulf countries are either planning or already developing new pipeline and port projects to bypass the Hormuz chokepoint entirely, which in the long run will erode Tehran’s leverage on the critical waterway:
•Seven Pipeline Projects That Could Break Iran’s Grip On Hormuz Chokepoint
Here are the latest overnight developments, courtesy of Bloomberg:
US Strikes & Pause
• Iran reported no US strikes overnight on Saturday, marking an apparent break after nearly two weeks of consecutive nightly US attacks.
• US strikes had progressively expanded in scope over two weeks, targeting bridges and infrastructure deeper inside Iran, following a collapsed ceasefire and renewed fighting over the Strait of Hormuz.
• Trump said on Friday he has not yet made a decision on whether to conduct major strikes against Iran, while noting US-Iran talks are continuing through VP Vance, Secretary Rubio, and others.
• Trump had previously told Axios he was considering a “massive attack” on Iran, saying the country “hasn’t received enough pain yet” and is not ready to make a deal.
Strait of Hormuz
• Iran’s Revolutionary Guards said on Saturday they stopped four ships attempting to transit the Strait of Hormuz over the past 24 hours after firing warning shots.
• The US and UK are planning a high-level international conference in London next week focused on forming a coalition to protect maritime shipping in the Strait of Hormuz, according to two European diplomats and other sources.
• An LPG tanker with 28 Indian crew members was attacked in Iranian territorial waters on Friday; India’s embassy confirmed the crew is safe.
Regional Escalation
• Houthis claimed to have struck Saudi Arabia with missiles on Saturday morning, targeting southern Saudi provinces; Saudi authorities issued emergency warnings before lifting them for Jazan.
• Bahrain and Kuwait secretly sent warplanes to strike drone- and missile-storage depots inside Iran earlier this month, according to people familiar with the matter, their first such direct retaliation against Tehran.
Diplomacy & Sanctions
• China urged Iran and the US to return to implementing their ceasefire memorandum, with Foreign Minister Wang Yi expressing deep concern over renewed escalation at an SCO meeting in Kyrgyzstan on Friday.
• Pakistan is exploring a path toward resuming stalled US-Iran talks following a push initiated by China, according to three Pakistani sources cited by Reuters; obstacles to talks remain high.
• The US Treasury imposed new sanctions on Friday on the network of Iranian financier Babak Zanjani, targeting four individuals and nine entities linked to sanctions evasion and digital asset exchanges.
END
SATURDAY
Strikes on shipping lanes, Saudi escalation mark new phase in Yemen’s conflict – analysis
Iran-backed Houthis are escalating attacks on Saudi Arabia, while Saudi-led coalition strikes target missile sites, weapons depots and threats to Red Sea shipping.
HOUTHI TERRORISTS carry weapons as they stand near the site of Israeli airstrikes in Sanaa, Yemen, in September. Iran has reportedly lost control of the Houthis, the writer notes.(photo credit: KHALED ABDULLAH/REUTERS)BySETH J. FRANTZMANJULY 25, 2026 18:12Updated: JULY 25, 2026 18:58
The Iranian-backed Houthis in Yemen are escalating attacks on Saudi Arabia. In response, the Saudi-led coalition against the Houthis has responded with strikes. This is part of an escalation that has continued throughout July.
The Saudis don’t want Iran to open up an air bridge to the Houthi capital in Sana’a in Yemen, fearing the Iranians are transporting weapons and advisors.
The Houthis have claimed that unless the Saudi-led “blockade” is ended, they will attack Saudi Arabian ships transiting the Bab el-Mandeb Strait. This essentially means the Houthis are trying to shut down a key transit point the same way Iran has done with the Strait of Hormuz.
The Houthis threatened on Saturday to escalate attacks on Saudi Arabia amid renewed tensions between the two sides.
Al-Masirah, the Houthi-run media in Yemen, reported on their intentions. Reports quoted Mahdi al-Mashat, the Houthi chairman of the Supreme Political Council, the executive body of the Houthis, as threatening Saudi Arabia. Houthi authorities accused Saudi Arabia of attacking Sana’a Airport and sites in Hodeidah, claiming that the strikes would lead to retaliation.
Houthis announce naval blockade targeting Saudi Arabia
The Houthis said, according to Al-Masirah, they had carried out two operations against Saudi targets, including an attack using missiles and drones against Aramco facilities in Yanbu. They claimed the strikes achieved their objectives. The group also announced that a naval blockade targeting Saudi Arabia would remain in effect.
Houthi officials portrayed the escalation as a response to what they describe as a Saudi blockade and violations of Yemeni sovereignty. The group warned that it could expand its military operations based on what it called a policy of “blockade for blockade” and “escalation for escalation.”
The statements signal a potential return to direct Houthi-Saudi confrontation after several years of relative de-escalation and ceasefire.
The threats come as the internationally recognized Yemeni government and the Saudi-backed coalition appear to be willing to respond and increase pressure on the Houthis. Yemeni pro-government state television reported that airstrikes targeted Houthi reinforcements and military infrastructure in Marib and Al-Jawf. The strikes reportedly hit missile launch platforms, a Katyusha rocket launch site and weapons depots in several districts.
Yemeni government strikes Houthi missile and drone sites
Al-Ain media in the UAE noted that Yemeni government military officials said government aircraft carried out strikes against Houthi missile and drone launch sites and weapons storage facilities. The attacks were described as among the first offensive air operations conducted by the Yemeni government against the Houthis. Reports also claimed that several Houthi personnel, including missile-launch experts, were killed.
The strikes reportedly extended to areas close to the front lines in Al-Jawf, raising questions about whether the operations could precede a broader ground offensive. Al-Ain also noted that the strikes came shortly after Saudi-led coalition aircraft struck Houthi military targets in Hodeidah province following renewed threats to commercial shipping in the Red Sea.
The Saudi-led coalition said the strikes focused on Houthi military capabilities linked to attacks on shipping and stressed that Hodeidah port itself was not targeted. Saudi Arabia had previously reported that an oil tanker belonging to a Saudi company was attacked in the Red Sea.
The developments illustrate how rapidly the confrontation could expand. The Houthis have announced a maritime “blockade” targeting Saudi Arabia at the same time that shipping through the Strait of Hormuz has been disrupted by the wider conflict between Iran and the United States. This potentially links renewed fighting in Yemen to the broader regional confrontation involving Iran, Gulf states and critical maritime trade routes.
After years of relative calm following the UN-brokered truce of 2022, the combination of Houthi missile and drone attacks, strikes on shipping and renewed government and coalition air operations means Yemen is entering a new phase of conflict.
END
SUNDAY
IRAN/USA
Iran, Oman Hold Hormuz Talks As US Pauses Airstrikes For Second Day
by Tyler Durden
Sunday, Jul 26, 2026 – 08:10 AM
The US military paused its air campaign against Iran for a second consecutive night after nearly two weeks of tit-for-tat strikes. US strikes were aimed at degrading Tehran’s one-way attack drone and missile capabilities around the Strait of Hormuz, while Iran hit US bases in the region.
The pause offers the clearest signal yet that a diplomatic off-ramp may be emerging, with Iranian and Omani officials reporting progress in talks to reopen the critical waterway.
Iranian Foreign Ministry spokesman Esmail Baghaei said in a Telegram post that he met with the Omani deputy foreign minister and held talks on Friday and Saturday about restoring safe transit for commercial vessels through the Strait of Hormuz.
Baghaei said the officials exchanged views on principles and operational mechanisms for managing safe maritime navigation through the strait.
“The talks were constructive, and some progress was made,” he added, noting that technical and political consultations remain ongoing. The Omani delegation left Tehran on Saturday evening.
The talks coincided with the US military’s two-day pause in strikes and came as Brent crude futures surged into triple-digit territory and the national average for regular gasoline jumped above the politically sensitive $4-a-gallon mark.
JPMorgan’s head of Global Commodities Research and Strategy, Natasha Kaneva, told clients last week that Brent prices at this level could increase pressure on Washington to reopen diplomatic channels.
Meanwhile, Iranian Army spokesman Mohammad Akraminia appeared on state television on Sunday and warned the US that any further strikes would widen the conflict.
“I believe that if the Americans once again fall for the Zionists’ deception, or move in line with them, and insist on continuing the war, particularly through air strikes, geographically this will expand further,” Akraminia warned.
Akraminia said the conflict has already expanded to the Bab al-Mandab Strait on the southern Red Sea, referencing the recent Houthi attacks on tankers.
“The scope of our operations now encompasses the entire region, from US bases in Jordan to the countries along the Persian Gulf,” he said.
Earlier, United Kingdom Maritime Trade Operations reported an incident in the southern Red Sea after a “tanker witnessed a splash from an unknown projectile in proximity to the vessel.” Details are scant at the moment.
Next week, Israeli Prime Minister Benjamin Netanyahu will travel to Washington, DC to meet with President Trump at the White House on Tuesday.
Latest overnight headlines, courtesy of Bloomberg:
US-Iran Strike Pause
- The US paused its nearly two-week run of nightly strikes on Iran for a second consecutive night as of Sunday morning.
- According to the Telegraph, Trump paused plans to escalate the war after being warned the US is running low on missiles; the pause also allows time for negotiations with Iran.
- Iran’s army spokesman said Iran has also paused its retaliatory operations in response to the US halt. Still, he warned that if the US carries out ground operations, American vulnerability would increase.
- Netanyahu said he will discuss the Iran situation with Trump.
Diplomacy & Negotiations
- Trump said Friday the US was “locked and loaded” for major new strikes but had not yet decided whether to proceed while talks with Iran were ongoing; he said Iran would “love to make a deal” but it’s not time yet.
- Trump leaned toward diplomacy on Friday, referencing negotiations with Iranian officials six times during a 38-minute Oval Office appearance, while leaving open the possibility of military escalation.
- Iranian and Omani deputy foreign ministers held talks in Tehran on Friday and Saturday on managing safe maritime navigation through the Strait of Hormuz, with some progress reported.
- China urged Iran and the US to return to the ceasefire agreement, with Foreign Minister Wang Yi expressing deep concern over renewed escalation in the Middle East.
Regional Spillover
- Iran-backed Houthis claimed to have fired missiles and drones at Saudi Aramco facilities in Jizan and Yanbu on Saturday; Saudi authorities briefly issued emergency warnings before saying the danger had passed, with no immediate confirmation from the Saudi government or Aramco.
- A UK Navy report on Sunday noted a projectile fell near a tanker in the southern Red Sea; the vessel and crew were reported safe.
- An LPG tanker with 28 Indian crew members was attacked in Iranian territorial waters on Friday; India’s embassy confirmed the crew are safe.
Background & Context
- The US had gradually expanded the scope of its strikes over two weeks, hitting bridges and infrastructure deeper inside Iran, after a brief ceasefire in June collapsed over a battle for control of the Strait of Hormuz.
- Billionaire investor Ray Dalio warned that the war’s outcome hinges on the Strait of Hormuz, calling a decisive clash imminent.
Previous US-Iran Wrap
Regional Risks
Energy Market
- Gas Prices Nearing Levels That Could Push Trump Towards Iran Talks, Says JPM Commodities Expert
- Goldman Warns Brent Could Top $120 If Gulf Chokepoint Crisis Deepens
- RBC Commodities Chief Warns “War Entering Dangerous Phase” As Chokepoint Chaos Risks Oil Above 2008 Peak
- “It’s Getting Worse”: HSBC Warns Commodities Face Squeeze As Chokepoint Chaos Spreads
Rewiring Gulf Energy Supply Chains
- Seven Pipeline Projects That Could Break Iran’s Grip On Hormuz Chokepoint
- Gulf States Considering Network Of New Pipelines To Bypass Strait Of Hormuz
- Great Rewiring: US Supports Iraq-Syria Oil Pipeline To Erode Tehran’s Hormuz Leverage
- Dubai’s New East Coast Port Signals The Beginning Of End For Iran’s Hormuz Leverage
TBN ISRAEL
END
WEST BANK/ISRAEL
IDF arrests dozens of Palestinians in sweeping raids across West Bank after deadly clash
Settlers said to establish 4 new illegal outposts near the scene of gunfight in which 2 Israelis and 4 Palestinians were killed; IDF allows early morning Palestinian funerals under heavy restrictions
By ToI Staff, Agencies and Emanuel Fabian Follow
Today, 5:18 pm
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Israeli soldiers arrest a Palestinian man during an army operation in the West Bank village of Tell, near Nablus, July 25, 2026. (AP Photo/Majdi Mohammed)
Israeli troops carried out sweeping raids in several Palestinian towns and villages across the West Bank overnight and into Saturday, arresting dozens of people following a deadly gunfight in which two Israelis and four Palestinians were killed, the IDF and Palestinian officials said. In addition, settlers set up four illegal outposts near the area where the clash took place, Hebrew media reported.
The main focus of the IDF raids was the village of Tell near Nablus, where Friday’s deadly incident took place, including searches in the homes of families of the Palestinians who were killed.
Walid Zidan, the mayor of Tell, said around 70 people from the village were detained and questioned at a field interrogation centre set up in a house in the village. Around 10 to 12 had been released so far, he told Reuters by telephone.
“House raids are continuing, army patrols are driving through the streets, and there is no movement of people in the streets,” he said.
The IDF confirmed the raid on Tell and said that soldiers detained 11 wanted Palestinians and questioned another 80.
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In the early hours of Saturday, the village was allowed to hold funerals under heavy IDF restrictions for the four Palestinian men killed.
In total, the military said that it apprehended over 70 wanted Palestinians in the West Bank overnight, along with questioning hundreds of others.
The IDF said that in the Jenin area, troops scanned over 300 sites and captured several Palestinians affiliated with Hamas and other suspects who were planning attacks with explosive devices.
In the Ramallah area, soldiers detained 15 wanted Palestinians, including some affiliated with Hamas; in Tulkarem, commandos of the Duvdevan Unit detained a Palestinian affiliated with Hamas who was planning to carry out a terror attack; and in the southern West Bank, 16 more wanted Palestinians were detained, including some affiliated with Hamas and alleged arms dealers.
In addition to the raids, the IDF set up checkpoints and closed gates across the West Bank, witnesses said. The IDF said on Friday it was bolstering its forces in the West Bank by five companies and canceling weekend leave for troops.
In Friday’s incident, a group of settlers — some underage and accompanied by armed adults — raided the town, claiming they were on a hike, though the army later said that the visit into Areas A and B where Israelis are barred had not been coordinated.
Palestinians sought to repel the raiding settlers, and a clash broke out, with one of the Palestinians managing to snatch the weapon of Benayahu Mellet, a 32-year-old member of the neighboring Havat Gilad settlement’s civil security squad.
A gunfight ensued, with the Palestinian fatally shooting Mellet along with Maj. Yuval Ezra, an IDF officer who had been dispatched to the scene.
A platoon commander who arrived with Ezra at the scene managed to shoot dead the attacker, and three other Palestinians were also killed in the gunfight. In addition, two Israelis were wounded, one critically and one seriously, and four Palestinians were wounded, three of whom critically.
Following the clash, Prime Minister Benjamin Netanyahu vowed to take “powerful action” in response, including demolishing the home of the family of one of the Palestinians involved. Netanyahu’s office said he would accelerate the approval of construction of more Israeli settlements in the area.
New outposts
According to Army Radio, settlement activists set up four illegal outposts overnight in the area, including one near Tell at the site of the clash.
One of the outposts was set up near the Palestinian village of Awarta, another was near Asira al-Qibliya and the fourth near Mount Ebal, all in the northern West Bank.
According to the report, some of the four outposts were set up in Area B of the West Bank, which would be illegal under Israeli law, while the others were in Area C. Under the accords, Area B is under Palestinian civilian control and Israeli security control. Area C is under full Israeli control.
All four outposts consist of small shelters and tents, with some including flocks of livestock, the report said.
The IDF had no immediate comment.
Also early Saturday, Israeli settlers opened fire on Palestinian vehicles in the village of Abu Njeim, southeast of Bethlehem, WAFA reported
According to the report, a group of settlers entered the village, spread throughout it and fired at passing vehicles.
WAFA said the settlers also blocked the village’s main road, seized one of the vehicles and vandalized it before leaving the area.
Hundreds of settler extremists rioted in Palestinian towns across the West Bank on Friday afternoon, as a funeral was held for Mellet, the Israeli civil security squad member who was shot dead by a Palestinian.
Settler rampages were reported in over a dozen villages across the northern West Bank, where several hundred Israelis hurled stones, torched homes and reportedly wounded over a dozen Palestinians.
Funeral restrictions
The military allowed the villagers of Tell to bury the four Palestinians killed in the incident, but under heavy restrictions.
“Families of the four martyrs held a common funeral early this morning, around 1:00 am (2200 GMT), but the army restricted who could attend and only about 30 people were able to be there,” Zidan, the mayor, told AFP.
Ghassan Daghlas, the governor of the Nablus region, which includes Tell, attended a funerary prayer at the Nablus hospital where the bodies were before the funeral in Tell.
“Daghlas participated in the funeral procession of the martyrs from the village of Tell, amid a large public turnout of residents from the village and across Nablus Governorate,” his office said in a statement.
An AFP journalist at the hospital reported the four deceased Palestinians’ bodies were laid on stretchers and wrapped in Palestinian flags while friends and relatives said their good-byes.
Ahmed Ramadan, father of one of the deceased, told AFP at the hospital he did not know his son was dead until he reached the medical facility.
“I was asked to go to the hospital… and when I arrived, I found my son had been killed, two of my nephews also been killed, and a fourth nephew died as well,” he said.
Violence in the West Bank has soared since the October 7, 2023, Hamas invasion and massacre in southern Israel, in which some 1,200 people were killed and 2512 taken hostage, triggering the Gaza war.
More than 1,100 Palestinians have been killed in the West Bank by Israeli forces or settlers since the war started, according to the PA health ministry. The IDF says the vast majority of them were gunmen killed in exchanges of fire, rioters who clashed with troops, or terrorists carrying out attacks.
During the same period, 68 civilians and Israeli security personnel have been killed in Israel and the West Bank, most of them in terror attacks. Another eight members of the security forces were killed in clashes during raids in Palestinian cities in the West Bank.
The same period has also seen a major surge in attacks by settler extremists on Palestinians and their property across the West Bank. The IDF recorded 867 incidents of nationalistic crime and settler violence in 2025. The total for 2024 was 682 incidents.
END
HAMAS
US Sanctions UK-Based Senior Muslim Brotherhood Leader Over Alleged Hamas Support
by Tyler Durden
Saturday, Jul 25, 2026 – 09:55 AM
The United States has sanctioned a senior UK-based Egyptian Muslim Brotherhood (MB) official alongside six other individuals and entities that it said provided material support to terrorist group Hamas.
State Department spokesperson Tommy Pigott said on July 23 that the action exposes MB affiliates and “Hamas-directed front organizations that use charitable facades and underground networks to disguise and move funds in support of terrorism.”
As Evgenia Filimianova reports via The Epoch Times, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Mahmoud al-Abyari as one of the sanctioned individuals, describing him as the UK-based secretary general of the Muslim Brotherhood General Secretariat.
OFAC said al-Abyari helped raise funds for two organizations it had previously sanctioned over alleged Hamas ties—Filistin Vakfi and Hayat Yolu—and worked with MB groups to provide financial support to Hamas.
Two charities were also named, including Indonesia-based Tujah Bulah Global and Gaza-based Madad Palestine Charitable Society.
A Turkey-based money exchange rounded out the list. Treasury said El-Kahira for General Trading transferred hundreds of thousands of dollars to Hamas and separately provided underground banking services to organized crime groups in Sweden.
OFAC also designated three men connected to the firm: the owner, Khuldun Khamis Zakaria Alden, and shareholders Zaid Issam Ahmed Al-Jebouri and Abdullah Issam Ahmad Al-Jebouri.
“The Trump Administration will relentlessly pursue terrorists and those who finance them,” said Treasury Secretary Scott Bessent.
“Whether operating under the guise of charities, businesses, or underground financial networks, those who enable Hamas will be exposed, sanctioned, and held accountable.”
The measures build on designations announced in January and March that targeted Hamas financial facilitators, operatives, and MB-linked charities.
Pigott said on July 23 that Washington is “committed to dismantling the financial infrastructure that sustains Hamas and the MB.”
Treasury Secretary Scott Bessent speaks during a press briefing at the White House on May 28, 2026. Madalina Kilroy/The Epoch Times
The sanctions freeze any property and interests in property of the designated individuals and entities that are in the United States or under the control of U.S. persons. The measures also expose foreign financial institutions to potential secondary sanctions if they knowingly facilitate significant transactions on behalf of sanctioned persons.
Different Approach
The latest U.S. action highlights a policy difference between Washington and London.
The Treasury designated the Egyptian, Jordanian, and Lebanese branches of the MB as specially designated global terrorists in January 2026 for providing material support to Hamas.
The MB has been designated a terrorist organization by Egypt, Saudi Arabia, the United Arab Emirates, and Bahrain. Jordan outlawed the movement in 2025.
The UK has not proscribed the organization. The UK produced a review of the MB in 2015, which concluded that membership of, association with, or influence by the MB should be regarded as “a possible indicator of extremism.”
It said, however, that these factors alone were not sufficient to justify legal action. Downing Street also found that parts of the movement had used or supported violence in some countries, but stopped short of recommending a ban.
Former UK Commissioner for Countering Extremism Robin Simcox said the United States has taken a more robust approach than London toward MB networks operating in the UK.
Speaking during a Foundation for Defense of Democracies program on July 17, Simcox said, “This is a UK problem first and foremost, and we are not dealing with it in anything like the seriousness that the United States is, and that’s a major problem.”
Simcox said the British government, police, and security services have not considered the MB a sufficiently high priority compared with other terrorist threats.
He described that approach as “a massive strategic mistake” and said he hopes the latest U.S. measures will encourage the UK to revisit the issue.
The Epoch Times reached out to the UK Home Office for comment but didn’t receive a response by publication time.
RUSSIA VS UKRAINE
KORYBKO…
Ukraine’s Drone Campaign Against The ‘Russian Amazon’ Is Driven By Political Motives
Saturday, Jul 25, 2026 – 09:20 AM
The goal is to create a growing class of malcontents by inflicting major harm to small business owners who might then shift the electoral odds against the ruling party ahead of September’s next elections and later possibly form the core of a future protest movement that could be exploited from abroad.
Ukraine’s US-assisted long-range drone campaign against Russia has recently begun targeting the country’s online retailer Wildberries, which is essentially the “Russian Amazon”, with recent strikes either totally destroying or greatly damaging several of its logistics centers. The Financial Times cited Russia’s edition of Forbes to report that these attacks might have already destroyed 150-275 billion rubles’ worth of inventory thus far, equivalent to around $2-3.5 billion, or more than Wildberries’ net profit last year.
They also importantly cited Alexander Kolyandr, a director at Eurasia Group, who told them that “The loss of the goods will put thousands of traders out of business, resulting in unpaid taxes, defaulted loans and the like.” Therein lies the political motive behind Ukraine’s drone campaign against the “Russian Amazon”. Zelensky announced a 40-day influence operation against Russia late last month with the objective of coercing it into a ceasefire without any concessions from Ukraine or its Western patrons.
It’ll formally end in early August, so nearly six weeks before the next Duma elections in late September, the first since the special operation began as the last ones were in 2021. His influence operation will likely be extended, however, even if only informally. With this political context in mind as well as the explicitly stated goal that he aims to achieve, it’s clear that Zelensky authorized his forces to do whatever they can to maximally inconvenience average Russians for the purpose of turning them against Putin.
This explains the prior spree of strikes against Russian energy infrastructure, which led to a spike in fuel costs that Ukraine expected would raise prices across the board due to higher transport costs for slashing average Russians’ disposable income, and the Wildberries campaign is the next phase. Harming small businesses more directly affects average Russians, both buyers and of course sellers, and the particular intent appears to be to create a new and growing class of malcontents within the country.
If taken to its extreme, and it’s possible that more logistics centers will be targeted and at least damaged since 18 of the 20 largest in Russia are reportedly within range of Ukrainian drones, this could have long-term socio-political and economic consequences for Russia. The state, which is already under financial strain due to the combination of sanctions, attacks against its energy infrastructure, and the recent large-scale destruction of small business’ taxable inventory, might thus be pressured to bail them out.
Inadequate support for struggling small business owners could shift the electoral odds against the ruling party in what would then be spun as a symbolic setback to Putin, create the earlier mentioned class of malcontents, and thus possibly rekindle long-dormant protest potential that could be exploited from abroad. The consequences could therefore cascade in the worst-case, which admittedly isn’t likely since the state still has time to avert it, so it’s premature to expect this yet it also shouldn’t be ruled out either.
The larger trend is that Ukraine’s spree of strikes against Russia is gradually evolving from showmanship into strategy, assisted as it’s been by the US, which provides targeting intelligence and overall guidance to its proxy. “Trump 2.0’s Escalation Strategy Against Russia Is Starting To Take Shape”, and it’s centered on a “war of attrition” that’s now setting its sights on largely civilian targets like Wildberries, the aim of which is to advance political goals that are in any case unlikely to get Putin to declare a ceasefire.
END
Russia Blasts Ukrainian Drone Mass Casualty Attack On Holiday Camp In Zaporizhzhia
Sunday, Jul 26, 2026 – 07:35 AM
Russia has blamed Ukraine for a mass casualty event at a ‘holiday camp’ in the partly Russian-controlled Zaporizhzhia region on Saturday.
Local Russian officials overseeing Zaporizhzhia have said twelve people were killed and at least 19 more wounded due to a major Ukrainian drone attack. Ukraine did not immediately issue any statements acknowledging the deadly strikes.
Russian Foreign Ministry spokeswoman Maria Zakharova stated that “Striking civilians is the method used by terrorists” in a press briefing.
ABC News later reported that “Four children were among 11 people killed in the attack on the resorts in Zaporizhzhia, Yevgeny Balitsky, the Kremlin-installed regional head, said, adding that 16 others were wounded.” Russia’s RT in an update stated the official number at 12 deceased.
Pro-Russian regional Governor Evgeny Balitsky was cited in Russian media as saying:
“The enemy knew exactly who they were targeting and deliberately struck civilians,” Balitsky said in a statement on Max. “This is a blatant crime and a hallmark of the Ukrainian regime. Unable to confront us on equal terms, they instead target civilians – women and children.”
He said that among the wounded being treated by emergency medical teams are five children.
Zaporozhye Region came under formal Russian control in September 2022, after a ‘popular referendum’ – following the Russian military ground onslaught across eastern and parts of southern Ukraine.
Overnight, Russian drones unleashed death in Ukrainian towns as well:
Sumy regional head Oleh Hryhorov said on Saturday three people were killed when a large fire broke out after a Russian drone struck a “civilian facility,” adding that the victims were drivers for private Ukrainian postal and courier service Nova Poshta.
Russia’s defense ministry said it attacked a “storage and launch site” for Ukrainian drones in the Sumy region.
Footage of the aftermath shows extensive damage and destruction at the camp:
Russian regions bordering Ukraine have also been coming under heavy attack from Ukraine, including Belgorod, Bryansk and Kursk. These oblasts have frequently been targeted throughout the years-long war.
Currently, Ukraine has been especially targeting not only energy sites deep inside Russia, but logistics hubs and warehouses of the large company Wildberries, which is often called the ‘Amazon of Russia’.
END
RUSSIA/ROMANIA //NATO
Two Drones Shot Down Over NATO Airspace In Less Than 24 Hours
by Tyler Durden
Sunday, Jul 26, 2026 – 09:00 AM
This week has witnessed more dangerous Ukraine war spillover aerial activity in Eastern Europe. In a fresh instance, Romania’s defense ministry is reporting that two drones entered the country’s airspace in less than 24 hours.
The military said that radar systems had earlier picked up a drone “operating in the vicinity of the Ukrainian border” Saturday morning – after which F-16 fighter jets were scrambled and successfully shot it down.
The NATO member state’s defense ministry continued by describing that two of the F-16s “safely shot down in an unpopulated area near the border.”
A very similar situation played out Friday over an unpopulated area near Padina, northeast of the capital, Bucharest. In that case a pari of Italian air force Eurofighter Typhoon jets were deployed and shot it down.
Authorities did not immediately identify the drone’s origin but that are pointing to the Russian military. Romanian Defense Minister Radu Miruta was cited in national media as saying “the impact site and the drone wreckage are currently being analyzed” but that “the pattern is consistent with previous confirmed flights by Russian drones.”
Early indicators say these were likely Shahed-type drones used by Russian forces; however, there have also been past instances of Ukrainian projectiles entering friendly neighboring countries’ airspace.
These types of breaches have been happening with increasingly regularity over the past couple years. In prior incidents, Ukrainian President Volodymyr Zelensky has accused Moscow of deliberately orchestrating provocations against NATO countries.
He previously said on X during a past incident, for example, that “The Russian military knows exactly where their drones are headed and how long they can operate in the air. Their routes are always calculated.”
6/.GLOBAL ISSUES, COVID ISSUES, VACCINE INJURIES/HEALTH ISSUES
Top NIH Official Wanted To Shut Down Research Into COVID-19 Vaccine Injuries: Emails
Saturday, Jul 25, 2026 – 12:50 PM
Authored by Zachary Stieber via The Epoch Times,
Top officials with the National Institutes of Health (NIH) expressed misgivings about researchers with the agency studying people with neurological issues after they received COVID-19 vaccines, according to newly released emails.
Principal deputy director of the National Institutes of Health (NIH), Lawrence Tabak, testifies before the Committee on Oversight and Accountability in Washington on May 16, 2024. Madalina Vasiliu/The Epoch Times
Dr. Avindra Nath, a senior investigator with the NIH’s National Institute of Neurological Disorders and Stroke, was studying people with post-vaccination neurological problems in 2020 and 2021.
In an email on April 10, 2021, he sent a draft of a paper to the institute’s director, Dr. Walter Koroshetz, that outlined what he had found.
“Early recognition and treatment with corticosteroids can reverse the symptoms,” Nath wrote.
The following day, the institute’s director sent the manuscript to Dr. Anthony Fauci, who at the time was director of another NIH institute.
“There have been steady slow stream of reports to me of post vaccination neurologic conditions, seem to be mostly peripheral nerve disorders … maybe an occasional spinal cord issue,” Koroshetz told Fauci. “Avi has been collecting a bunch. He has a report sent out to publish. Hard to know not due to chance but are timed to the vaccination.”
Another NIH employee sent the manuscript to then-NIH Director Dr. Francis Collins and Dr. Lawrence Tabak, a second top NIH official, and shared that the New England Journal of Medicine rejected the paper.
“What do you make of this?” Collins wrote in response. “The draft letter doesn’t explain how these 32 patients were referred – leaving one to wonder whether this is common or rare.”
Koroshetz told Collins that many reports had been lodged with the Vaccine Adverse Event Reporting System and that Nath had been attracting referrals because he had appeared on a podcast to discuss neurological problems following COVID-19 vaccination.
Koroshetz also said that Nath, and another employee at his institute, had suffered tinnitus after receiving COVID-19 vaccines, and that Nath had hearing loss.
Collins said the approach taken by Nath’s team was “very troubling,” adding, “collecting anecdotes and then trying to build a case isn’t scientifically compelling – and will have the main consequence of feeding vaccine hesitancy and social media overreaction.”
Tabak wrote privately to Collins, telling him, “I don’t understand why Walter does not shut this down.”
“While the emails do not prove that Collins, Tabak, or Fauci expressly ordered Nath to abandon the manuscript, they raise serious questions about whether NIH leadership viewed its potential effect on vaccine confidence as a compelling reason to suppress its publication,” the Informed Consent Action Network, which released the missives on July 22, said in a statement.
Collins, Fauci, and Nath did not return requests for comment by the time of publication. Tabak could not be reached.
The paper was never published in a journal. It was released as a preprint, or without peer review, in May 2022, more than one year after Nath sent it to Koroshetz.
Dr. Danice Hertz, a retired gastroenterologist who received the Pfizer-BioNTech COVID-19 vaccine shortly after it was authorized in 2020 and suffered severe problems, was one of the patients who was examined by Nath’s team.
“I have always believed that Fauci must have told Nath to stop talking to us, as we were all abruptly dismissed from Nath’s care without explanation. Now I know that my suspicions were true,” Hertz told The Epoch Times in an email after reading the newly released missives.
Dr. Anthony Fauci testifies before the Select Subcommittee on the Coronavirus Pandemic in Washington on June 3, 2024. Madalina Vasiliu/The Epoch Times
END
Rand Paul Should Make Fauci Answer For Wuhan And BeagleGate Lies
Saturday, Jul 25, 2026 – 05:30 PM
Authored by Anthony Bellotti via American Greatness,
Fauci no longer faces any realistic risk of criminal exposure for perjury or other past federal offenses covered by the pardon.
Next week, Dr. Anthony Fauci is scheduled to testify before Sen. Rand Paul’s Senate Homeland Security and Governmental Affairs Committee. After years of stonewalling, evasions, carefully parsed denials, and outright lies, this hearing presents a rare opportunity to get answers from America’s most notorious mad scientist, who recklessly funded dangerous animal experiments that likely caused COVID-19 and financed beagle torture in labs worldwide.
This time is different.
In one of his final acts in office, in January 2025, President Joe Biden granted Fauci a sweeping pardon that conspicuously covered a decade-long period starting when he first funded the infamous grant that paid the Wuhan lab, which was first exposed by White Coat Waste in early 2020 and cut days later by President Donald Trump.
This means that Fauci no longer faces any realistic risk of criminal exposure for perjury or other past federal offenses covered by the pardon. So, the usual Fifth Amendment justification for refusing to answer questions about potentially self-incriminating conduct is largely off the table.
Paul should press Fauci on three false statements he has repeatedly made to Congress, the press, and the American people about the Wuhan lab and BeagleGate – claims debunked by evidence obtained by White Coat Waste.
First, Fauci needs to finally fess up about funding gain-of-function animal experiments at the Wuhan Institute of Virology.
In multiple Senate hearings in 2021, Fauci categorically told Paul and others that “the NIH has not ever and does not now fund gain-of-function research in the Wuhan Institute of Virology.” He repeated essentially the same claim during a House Oversight Committee hearing in 2024.
But White Coat Waste has receipts. Our Freedom of Information Act investigations uncovered damning internal government emails from 2016 showing that NIH officials told EcoHealth Alliance that its Fauci-funded animal experiments with the Wuhan lab “appear to involve” gain-of-function research that was banned at the time.
Instead of stopping the experiments, NIH worked with disgraced EcoHealth president Peter Daszak to skirt the ban. Daszak gleefully celebrated the decision, writing, “This is terrific! We are very happy to hear that our Gain of Function research funding pause has been lifted.”
In May 2024, then-acting NIH Director Lawrence Tabak finally admitted to the House Oversight Committee that NIH did, in fact, fund gain-of-function in Wuhan.
Paul should ask a simple question: Does Fauci still stand by his testimony, or will he finally acknowledge that his previous statements to Congress were false or misleading?
Second, Fauci should answer for his testimony denying that he used his personal email for official NIH business.
During House testimony in 2024, Fauci declared to Chairman James Comer, “To the best of my recollection and knowledge, I have never conducted official business via my private email.”
Yet White Coat Waste’s FOIA investigations uncovered official NIH emails showing Fauci telling a Washington Post reporter covering the BeagleGate scandal, “I will send you an email via my Gmail account.”
Records have also emerged showing that David Morens, Fauci’s longtime advisor who was indicted in April for FOIA violations, told Daszak and others in 2021, “I can either send stuff to Tony on his private Gmail or hand it to him at work. . . He is too smart to let colleagues send him stuff that could cause trouble.”
Will Fauci come clean?
Finally, Paul should revisit BeagleGate – the viral dog testing scandal first exposed by White Coat Waste that Fauci and his allies spent years falsely dismissing as a conspiracy.
In a 2021 Washington Post cover story written by the same reporter Fauci said he would contact through his personal Gmail account, he called the dog testing claims “ridiculous accusations and outright lies.” In his 2024 memoir, Fauci again dismissed the story as “lies,” “lunacy,” and “off-the-wall accusations” and defended himself by awkwardly saying, “I am a passionate animal lover, especially of dogs.”
But government documents obtained by White Coat Waste prove that Fauci funded countless dog labs, including the infamous experiments in Tunisia, where beagles were drugged and had their heads locked in mesh cages full of biting sand flies. After reviewing these records, even the Washington Post, which had aggressively defended Fauci and smeared White Coat Waste, finally acknowledged in 2024 that it published NIH disinformation, acknowledging that “NIH was not fully transparent as it tried to handle a public-relations nightmare.”
Paul was one of the lawmakers who led the charge with White Coat Waste to hold Fauci accountable for funding beagle abuse and lying about it.
Americans deserve answers.
Next week’s hearing may be Congress’s last meaningful opportunity to confront Anthony Fauci directly and finally set the record straight on Wuhan and BeagleGate. Paul should seize it.
* * * [ZH]: Not everyone is convinced Rand can bring the heat. What say you?
END
GLOBAL ISSUES
“The Polycrisis Of 2026 Whirls Like A Demon-Infested Storm Overcoming This Human Project…”
Friday, Jul 24, 2026 – 04:20 PM
Authored by James Howard Kunstler,
Struggle session
“. . .there is no saving the Left. There is only saving America from them.” — Sasha Stone
The polycrisis of 2026 whirls like a demon-infested storm overcoming this human project of ours like a medieval panorama of the world’s end. Everything is fraught, tilting toward hazard, menace, ruin. Even under a summer sun, the mind sees only darkness everywhere it looks.
Apocalypse now, it seems like.
You almost can’t blame the doomers, the black pill-ers, lost in their transports of dread.
But I tell you, we will get through this.
Is it a surprise that the IRGC has a death wish for its host, Iran? They’ve been advertising it loudly for half a century, yearning for martyrdom, the bliss of paradise, marriage to multiple perfumed virgins, all the pomegranates you could ever want, and perpetual dreamtime beside a gently burbling fountain in the palace of eternity. Trouble is, to get there you must have your head blown off.
That’s exactly what the IRGC is asking for, though the millions of ordinary Iranians probably have their doubts about the ask. They are hostages of the IRGC regime, which refuses to just stop being a problem for the world. Mr. Trump’s proffer for Iran still abides: become a normal nation, sovereign and all, only without atom bombs. Let ships sail through Hormuz unmolested. Sell your oil, make some money, trade with the other fellas across the Persian Gulf, have a nice civilized life with all the refinements of age-old Persian culture, even with its Islamic overlay. Be happy!
The USA does not seek to occupy Iran, steal its resources, subjugate its people, force them to buy Minnie Mouse plush toys, play baseball, eat Jimmy Dean sausage for breakfast, strum banjoes, or wear cowboy hats. Just stop projecting violence and discord all over the Middle East.
You can’t make us, the IRGC says. Yes, we will, the USA replies. And so it goes. Next up: bridges and power plants. Plus, every ship you damage, we’ll deduct the cost of repair from your frozen assets held in our banks. This is where things stand after the thirteenth night of strategic bombing against the IRGC’s launch sites, drone factories, missile storage caverns, and shoreline military installations. Iran prepared assiduously for this death-scene for decades, building hidey-holes here, there, and everywhere. But every time they launch something now, our satellites mark the coordinates, and boom, now there’s one less hidey-hole.
Iran’s currency, the rial, has an exchange rate against the US dollar of about 1,900,000 to one dollar. There is hardly a functioning economy left. The people are flat broke. Everyday life must be hell now. Could be the IRGC was getting tons of munitions and material for free from China, but days ago we blew up the railroad bridge at Aq Tekeh-Khan that was China’s main connection to Iran, so that’s over with.
You must doubt that Russia is capable of sending arms to Iran at this point. Russia needs every drone and missile it can fabricate now that Ukraine is sending drones clear into Moscow and St. Petersburg on a regular basis. Of course, that war is being stoked by NATO, which perforce includes the USA. A bill (H.R. 2913 — the Ukraine Support Act) that would furnish $1.3-1.8 billion in direct security, military, and reconstruction assistance for Ukraine plus $8 billion in loans was passed by the House in June, but languishes in the Senate. President Trump has threatened to veto it, as running counter to the administration’s preference for negotiations with Russia to end the Ukraine War rather than extend it.
These two conflicts must seem intractable for now, but the mojo driving them has clear and present limits.
If the USA does not underwrite Ukraine’s war effort, then that leaves the EU nations, who are increasingly broke, and for all their idle talk are really incapable of mounting a major arms production campaign.
The UK especially is skating on thin ice these days as Mr. Trump methodically cancels its long-running command and control of global finance through the City of London (as its “Wall Street” is called). In fact, it looks as if the floundering UK — with dopey Andy Burnham rolling in as Britain’s seventh Prime Minister in a decade — has passed the ball of globalist leadership to its forward striker (and all-purpose fixer) Mark Carney the Prime Minister of Canada.
Carney, who was previously chief of the Bank of England, has played a series of losing games against President Trump the past year, while Mr. Carney is busy wrecking the Canadian economy for the sake of the globalist “green” flimflam, a sustained high volume of third world immigration, and outlandish DEI activism that includes giving vast tracts of real estate back to Canada’s First Nations people, their Indians. Carney has also very actively played footsie with the CCP to a degree that is seriously pissing off Mr. Trump. Among all the other shocks and surprises upcoming, you might imagine him having to send the 82nd Airborne up to Ottawa to inform PM Carney that there will be no globalist seat of operations in North America.
Yes, things are getting that strange. And then, continuing the clean-up operation south of our border, there is Cuba to straighten out. Cuba is obviously next. Our patience with that failing state’s communist export project is particularly thin, now that the Democratic Party here is entertaining Marxist-Leninist dreams of glory.
On top of all that, we have serious concerns with the financial markets and the widening income inequality that drives the younger generations’ yen for “socialism” (free rent, free medicine, free stuff).
Financialization concentrates and compounds wealth while the salary-mule class stagnates, suffers, goes broke, and nurses its grievances.
We’re pushing into the season of financial train wrecks. AI has cornered all the free capital in the land — for something that appears to be an existential menace as much as any potential economic benefit — and it is wildly perverting the equity market. The bond market groans under the debt burden and the impossibility of fiscal prudence. Capitalism that can’t self-correct invites financial and political violence.
It’s probably a greater threat to us than the faraway wars, bad as they are. Mr. Trump, Secretary Bessent, and others in charge surely know this — that the American ownership class has become tiny, and that the cure for that is getting the vast dis-owned, forsaken middle-class back into businesses that they will own, in an economy based on production of real goods, not on playing games with money.
There is so much to be done and we can get it done if we screw our heads back on.
Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.
MARK CRISPIN MILLER
DR PAUL ALEXANDER…
Captain “Sully,” Danny Glover diagnosed with Alzheimer’s; Penélope Cruz suffered brain aneurysm scares; Katie Couric’s ‘freaky’ memory loss; William Shatner, daughter both battled cancer 3 years ago
RHOC’s Jeana Keough diagnosed with tongue cancer; Black Sabbath drummer Bill Ward confined to wheelchair; Red Dragon Cartel frontman Darren James Smith diagnosed with early onset dementia; & more
| Mark Crispin MillerJul 25 |  |
UNITED STATES
Captain Sully, ‘Miracle on the Hudson’ Hero, Announces Alzheimer’s Diagnosis at 75
July 15, 2026
Captain Chesley “Sully” Sullenberger III, the man who famously landed US Airways Flight 1549 on the Hudson River, has been diagnosed with Alzheimer’s disease. “I recently found out I have been diagnosed with Alzheimer’s Disease,” Sullenberger, 75, told People in an interview published on Tuesday, July 14. He revealed he was diagnosed in August of 2025, but the disease is still in the “early stage.” “For now, this means a name may not come easily to me, I forget a story I have recently told, or I don’t sleep as well, but I am in the beginning of this long journey,” the former commercial airline pilot continued. Sullenberger became a household name on January 15, 2009, after he safely landed US Airways Flight 1549 in the Hudson River moments after the aircraft struck a flock of geese shortly after takeoff from New York City’s LaGuardia Airport. There were 155 people on board the flight and all of them survived the emergency landing. The incident became known as the “Miracle on the Hudson” and inspired the 2016 film, Sully, which starred Tom Hanks as Sullenberger.
Researcher’s note – From Brave AI: There is no public record confirming whether Chesley “Sully” Sullenberger received a COVID-19 vaccine [sic]. While Sullenberger was highly vocal about pandemic safety measures, his public statements focused on operational protocols rather than personal medical decisions:
Mask Mandates: He criticized the lack of a federal face-covering mandate, calling it a major failure in the U.S. air transportation response.
Social Distancing: In September 2020, he stated he would personally only fly on airlines that blocked middle seats, citing MIT data that this practice halved the risk of infection.
Politicization: He expressed deep concern that basic safety requirements like masking had become “extremely politicized,” causing harm to public health efforts.
Despite his advocacy for these mitigation strategies, he never explicitly disclosed his own vaccination [sic] status in interviews or public statements.
‘Real Housewives Of Orange County’ Star Jeana Keough Diagnosed With Tongue Cancer At 70
July 19, 2026
Jeana Keough, one of the OG stars of The Real Housewives of Orange County, has been diagnosed with tongue cancer at the age of 70, her daughter confirmed. The former Bravo star was recently diagnosed, and her daughter, Kara Bosworth, shared details on social media as she looks to crowdfund to cover cancer treatment expenses. “A few months ago, while visiting Shane and me in Florida, my mom mentioned a painful spot on her tongue. She assumed a tooth had been rubbing against it and had even gone to the dentist multiple times to have the tooth filed down,” read the GoFundMe page. After a biopsy, doctors confirmed Keough had cancer, and after surgery to remove it, a second surgery was recommended to remove lymph nodes. It was at this point that they discovered the cancer had spread. “What we thought would be a one-time surgery became a full cancer battle. Jeana is now in her fifth week of chemotherapy, radiation, and immunotherapy. “The treatments are relentless,” Bosworth explained. “She is exhausted, struggling to stay awake, and becoming malnourished because the pain in her tongue and throat makes swallowing even the smallest bites or sips incredibly difficult.” With Keough going through cancer treatment, she has been unable to work, and it has “created an enormous financial burden” on her.
Researcher’s note – Keough was working in Hollywood between 2021-2022: Hollywood’s On-Set Vaccine [sic] Mandates to End on May 12, 2023: https://variety.com/2023/biz/news/covid-protocols-end-vaccine-mandate-hollywood-return-to-work-1235569515/
Friends Alum Lauren Tom Says Her ‘Wise, Strong, Brave’ Daughter Ellie Has Bone Cancer: ‘We Have a Long Journey Ahead of Us’
July 20, 2026
Lauren Tom [left] shared some devastating health news about her daughter, Ellie, and asked for support from her followers online. “I wanted to share some tough news today,” the 64-year-old Joy Luck Club alum, who also famously played Julie on Friends, wrote in the caption of a Sunday, July 19, Instagram carousel of pictures of her 25-year-old daughter. “This is my beautiful daughter, Ellie. She is currently battling osteosarcoma, (bone cancer) and my family and I are doing everything we can to aid in her healing.” Osteosarcoma is a form of bone cancer that usually begins in the arms or legs. Although Tom did not share details about Ellie’s prognosis, the Cleveland Clinic says that the disease has a 70% survival rate if it hasn’t spread. Treatment is “usually” surgery – which may end in amputation – as well as chemotherapy. “We have a long journey ahead of us,” Tom acknowledged.
Model diagnosed with aggressive cancer after finding lump while shaving
July 19, 2026
Alison McCullough was in the best shape of her life when she found a lump under her arm while shaving. She was set to be a model at New York Fashion Week in September 2025, so she had spent the past several months focusing on her physique. She knew her body well, and she knew what a bump like this might mean. McCullough, then 39, wanted to get it checked out, but getting care was harder than she expected: A mobile mammogram provider turned her away because she wasn’t 40, when the American Cancer Society recommends women start receiving regular mammograms. She had to get a referral from her primary care provider, but the wait for an appointment was long. In her home state of Alaska, there weren’t a lot of other options. While she waited, McCullough tried to avoid looking up the worst-case scenarios. Her appearance at New York Fashion Week was a “great distraction.” Finally, nearly two months after finding the lump, she was diagnosed with an aggressive form of breast cancer. McCullough was diagnosed with triple-negative breast cancer, which accounts for between 10% and 15% of all breast cancer cases, said Dr. Erica Mayer, director of breast cancer clinical research at the Dana-Farber Cancer Institute. Mayer was not involved in McCullough’s care. Triple negative means the cancer is negative for three different receptors: estrogen receptors, progesterone receptors and HER2 receptors. Knowing which receptors a tumor is positive or negative for allows doctors to tailor treatments specifically to those targets, Mayer said. Still, McCullough was scared to learn that her treatment options were more limited than she’d thought they’d be. Then she learned the infusion center where she was set to begin receiving chemotherapy wouldn’t be able to see her for over a month. After her delay in diagnosis, she feared any more waiting would be deadly. McCullough and her husband began looking at other options and learned about City of Hope, a cancer research and treatment organization with facilities in four states. McCullough called the organization’s Phoenix, Arizona, office on a Friday, and expected to wait days for a response. But she heard back within hours. Instead of waiting weeks, it was just “a couple of days” before she began treatment. The six-month regimen involved two forms of chemotherapy. The first three months had few side effects, she said, while the next three “slowed (her) down a bit.” “I had a hard time grasping what it was like to be immunocompromised. But I hung in there,” McCullough said. “Before, I had been preparing for Fashion Week, but there was something bigger that I was about to have to fight for. It was a good thing, going into my cancer journey, that I was as strong as I was.” McCullough finished chemotherapy in March. That alone, she said, felt like “a big win, because not everybody makes it to the end.” To prevent recurrence, her doctors recommended a double mastectomy. McCullough underwent that procedure in late April. She was warned she might still need radiation or long-term oral chemotherapy, but in May, her oncologist gave her some surprising news: McCullough was cancer-free.
Researcher’s note – From Brave AI: Full-course COVID-19 vaccination [sic] has been a strict requirement for models attending New York Fashion Week (NYFW) since the event’s return to in-person shows in September 2021. This policy was established by IMG, the producer of NYFW: The Shows, in partnership with the Council of Fashion Designers of America (CFDA).
Beloved radio DJ shocks listeners by announcing her breast cancer diagnosis live on-air and recalls discovery in home sauna that made her freeze
July 17, 2026
A beloved radio DJ announced live on the air how a chilling discovery while she was in her home sauna led her to be diagnosed with cancer for the second time. Jodi Brothers revealed the heartbreaking news to fans on Wednesday during her radio show Mornings with Jodi and Bender, which broadcasts in the Seattle, Washington, area. The 50-year-old mother of one tried her best to fight back tears as she announced that she has breast cancer after beating colon cancer just three years ago. ‘The biopsy results were invasive ductal carcinoma, which is the most basic bee of all the breast cancers, and I have not one but two little masses in there.’ She is now scheduled to undergo a double mastectomy surgery with the Fred Hutchinson Cancer Center at the end of July.
Muncie mayor resuming duties after leave following cancer diagnosis
July 15, 2026
INDIANAPOLIS, IN – Muncie Mayor Dan Ridenour [66] is officially resuming his duties Wednesday, July 15 after medical leave following a cancer diagnosis. In late April, Ridenour announced he had been diagnosed with prostate cancer and was going on leave. In an update in mid-June, the city said Ridenour underwent successful surgery as part of his treatment.
Researcher’s Note – Mayor Dan Ridenour Adult Vaccination [sic] PSA:
Penelope Cruz Reveals She Suffered ‘Many’ Brain Aneurysm Scares, Gives Update on Her Health
July 7, 2026
Penélope Cruz revealed that she suffered from several brain aneurysm “scares” in recent years. “I have had many scares like that,” The Invite actress, 52, said in an interview Net-a-Porter published on Monday, July 6. “Fortunately, I’m fine, it was a false alarm.” Cruz, who shares son Leo, 15, and daughter, Luna, 12, with husband Javier Bardem, explained that the health issues inspired her to make sure she was on the right path for her well-being. “I worry about staying healthy, taking care of myself,” she explained. “I don’t drink, I don’t smoke, I really don’t party. Without health, we have nothing. You talk about real equality? Why don’t we start with health?” Earlier this year, Cruz publicly spoke about experiencing brain aneurysm symptoms while filming The Black Ball. During the film’s premiere at Cannes in May, the actress, who plays a cabaret performer in the Spanish film, revealed that a doctor told her about the health issue before one of her night shoot sequences. “We’re about to go out, I was putting on my wig, and they said, ‘Oh, apparently you have some brain aneurysm,’” she recalled of the instance at the film’s festival screening, per Variety. “I thought I was about to die. This is something that was totally surreal in my life.” Cruz explained she took the rest of the evening off and was medically cleared by a doctor to continue the production. “I thought, ‘It’s a total miracle,’” she reflected. “I have to, I must have this in me.” The actress added that the health scare also made her performance and connection to the film’s crew stronger. “You experience these things together, yet despite all this, despite the hardship, you can move forward in life,” she said.
Researcher’s note – Animations Voiced by Bono, Penelope Cruz and Others Show the Importance of Mass Vaccinations [sic]: Link
Katie Couric Says a ‘Freaky’ Brain Condition Left Her Missing Hours of Memory
July 7, 2026
Katie Couric says there are several hours of her life she’ll never get back—and that’s one of the hardest parts of a recent health scare that landed her in the hospital. In a Monday, July 6, post on her Substack, the veteran journalist opened up about a frightening episode of temporary memory loss she experienced while attending the Aspen Ideas Festival, revealing she was later diagnosed with transient global amnesia (TGA), a rare condition that temporarily prevents the brain from forming new memories. The 69-year-old explained that June 27 began like any other day. She spent the morning browsing Aspen’s farmers market before heading to the Aspen Institute, where she was scheduled to appear on two discussion panels. The last thing she remembers is stopping for lunch with her husband, John Molner. From that point forward, everything is a blank. According to Molner, Couric successfully completed both panels before an intern alerted him that something wasn’t right. Although she was awake and talking, she appeared confused, prompting a trip to Aspen Valley Hospital. Once there, doctors began asking basic orientation questions. “When I was asked the month, the year, and who was president, I got them wrong,” Couric recalled. “I wasn’t sure of the month. I thought it was 2024. And I believed Joe Biden was president.” Doctors initially feared she had suffered a stroke and immediately began stroke protocol. Fortunately, an MRI came back clear. As the evaluation continued, Molner watched his wife repeatedly introduce herself to nurses and ask the same questions over and over again. Hoping to reassure her, he wrote a handwritten note explaining where she was, why she was in the hospital and, perhaps most importantly, that her MRI was “CLEAN.” Neurologist David Perlmutter explained in a separate post for Katie Couric Media that transient global amnesia is “a sudden, temporary loss of the ability to form new memories.” Although the condition is considered scary, it typically resolves on its own, and the exact cause remains unknown. Potential triggers can include intense physical exertion or emotional stress, though Couric said none of the common explanations seemed to fit her experience. Although Couric says she’s tempted to watch recordings of the panels she participated in that day, she admitted she’s “not quite ready” to revisit the hours her brain never recorded. Instead, she’s focusing on the positive. “This was a freaky occurrence, it could have been much more serious,” she wrote. “Ultimately, I’m relieved—even though several hours of a Saturday in June will always be missing for me.”
Researcher’s note – Couric covered COVID and the “vaccines” extensively, from the official narrative’s “safe and effective” perspective. Through inverviews that included Dr Fauci and the president of Moderna, Couric was profoundly influential in getting people to “trust the experts”: https://katiecouric.com/covid-19/?utm_source=chatgpt.com
Also, during the time of “vaccine” mandates, Couric worked in media in both NYC and Los Angeles. She would have been subject to “vaccination” mandates in both locations, with no option to test.
Bachelor Alum Joe Amabile Says He Was Diagnosed with Early Stage Brain Tumor
July 13, 2026
Joe Amabile is opening up about an unexpected health diagnosis. In a social media video shared Monday, July 13, the Bachelor alum, who is widely known to fans as “Grocery Store Joe,” revealed that doctors discovered what appears to be an early-stage brain tumor after he underwent a full-body scan. “So a little medical update. I didn’t share my Prenuvo results because they ended up finding a lesion in my brain,” Amabile said in the video. “So then I had to go get a brain MRI, and there was a blueberry-sized lesion in my brain that looks to be a glioma, which is a tumor.” The 40-year-old said he is scheduled to undergo brain surgery in two weeks to remove the lesion and determine its exact nature. Amabile acknowledged the diagnosis has been difficult to process.
Black Sabbath Rocker Reveals He’s Confined to Wheelchair
July 10, 2026
Just less than a year after the death of frontman Ozzy Osbourne, another Black Sabbath member is dealing with his own health issues. Drummer Bill Ward, 78, let his fans know Wednesday that he is now mostly confined to a wheelchair. Despite his health struggles, Ward still plans to perform. Ward delivered the news via his X account, stating in part: “I’m announcing today somewhat sadly but nonetheless truthfully, that I’ve reached a place where publicly more and more I need to use a wheelchair, mostly in airports, or public events. I can still walk, let there be no doubt, but I can’t walk very far without need to rest, meaning I need to sit down. We started using the wheelchair about 18 months ago, mostly in airports. I was a long distance walker. I’ve walked in many different parts of the world, and I’m still a drummer. I can still play pretty good for 78 years old.” Ward co-founded Black Sabbath along with Osbourne, Tony Iommi and Geezer Butler in 1969. He left the band in the early 1980s, a few years after Osbourne left to begin a solo career, then returned for numerous reunion shows and tours throughout the late ‘90s and early 2000s. Ward performed with Black Sabbath again on July 5, 2025, for Ozzy Osbourne’s final concert. Ozzy passed two weeks later.
Former San Antonio TV host Tanji Patton shares cancer diagnosis
July 10, 2026
A beloved Texas TV host has revealed her recent cancer diagnosis, calling it an “unexpected road” ahead. Tanji Patton, former News 4 San Antonio personality of 17 years and host of food and wine show Goodtaste with Tanji, told followers she was recently diagnosed with a malignant breast tumor. In the post, Patton shared a story from a Sunday morning MRI appointment that inspired her to go public with her condition. Addressing the outpouring of support, Patton said she is “so grateful for all your prayers and well wishes you’ve sent. Please know I read every single message, and that I’ll continue to do so….I’m praying for all of you too!”
Researcher’s note – Casts and crews on productions will have to show proof of COVID booster [sic] shots under updated guidelines: Link
No age reported.
Boston City Councilor Julia Mejia appeared to experience medical emergency during meeting
July 9, 2026
BOSTON, MA – A Boston City Council meeting was briefly interrupted Wednesday afternoon after Councilor Julia Mejia [55] appeared to experience a medical emergency during the proceedings. Video of the meeting shows several people quickly gathering around Mejia at her seat shortly after 1:10 p.m. The meeting was then recessed as Boston EMS responded to the council chamber. Boston EMS confirmed to NewsCenter 5 that crews responded to City Hall and transported one patient to a Boston-area hospital. Because of patient privacy laws, the agency would not identify the patient. In a statement, a spokesperson for Mayor Michelle Wu’s office said the mayor spoke with Mejia later Wednesday afternoon. “The Mayor spoke with the Councilor earlier this afternoon and was relieved to hear that she is doing well. We wish Councilor Mejia a swift and full recovery, and look forward to her quick return.” Officials have not publicly identified the nature or cause of the apparent medical emergency.
Reported in January:
Influencer Jen Worman Diagnosed With Similar Brain Aneurysm as Kim Kardashian After Full-Body MRI
January 14, 2026
Influencer Jen Worman had heard about a full-body MRI scan thanks to Kim Kardashian, but never expected they would receive the same daunting medical news. “I would actually say a couple years ago – I actually saw Kim Kardashian post one of the MRI things that she did – I looked into it, and I saw how expensive it was, and I was like, I’m over 40. I have two kids. I also dated somebody that ended up having cancer, and various people I know. And I thought to myself, ‘It would be great to prioritize this when I can,’” Worman exclusively told Us Weekly. When simonONE approached Worman – who has more than 283,000 followers on Instagram – about undergoing a preventative full-body MRI, she was game. “I gifted it by my boyfriend, did a scan, and then probably less than a week before I was supposed to get my official results – because you’re supposed to sit down with a doctor – the doctor actually called me and said, ‘Hey, we saw something and we’d love to talk to you about it.’ So they were really quick [to be] jumping on it and calling me.” Worman, who was “caught off guard” by the phone call, was informed that she had a brain aneurysm. She had not previously had any symptoms such as severe headaches or blurred vision. (Brain aneurysms, which are common, are marked by swelling in a blood vessel in the brain. Most don’t rupture or cause serious health issues, however, a rupture can become life-threatening.) “I think I was in a bit of shock at first, and after doing research and talking to them and talking to another neurologist, it sounds like very tiny brain aneurysms are in some people, some of them never grow, some of them never become anything,” Worman explained. “But the best safeguard is the fact that I do know and that I should get another scan next year. We will just monitor the growth. And as long as there’s no growth, I should be fine.” Worman happened to find out her results around “the same time” as Kardashian, 45, publicly discussed her diagnosis of “a little aneurysm” during an October 2025 episode of The Kardashians. (Kardashian explained that her doctor speculated her brain aneurysm is likely related to “stress.”) After Worman’s experience with the simonONE MRI, her boyfriend underwent a similar preventative scan – and was diagnosed with a mass near his lung, which he is having removed in February. “This is probably a cheesy statement, but health is wealth,” Worman said. “Like, without your health, you can’t work. Without your health, you can’t take care of your kids. You really can’t do anything. I know it sounds scary, but it definitely has brought to light me researching things more, me thinking about my life, more day to day decisions, like, ‘Should I work out today? Should I eat healthy today? Should I go get fast food today?’ I think it’s made me think a lot more about, like, what I do daily to take care of myself.”
William Shatner Reveals How Battling Stage 4 Cancer at the Same Time as His Daughter Changed His Life
July 6, 2026
William Shatner is reflecting on his and his daughter’s past battles with cancer. The Star Trek actor, 95, sat down for an interview with TV Insider last week, per an article published Friday, July 3, and opened up about how he and his daughter Melanie – who he shares with ex-wife Gloria Rand – “both had, at the same time, a diagnosis of stage four cancer three years ago, and through the magic of medicine, we’re both cancer-free.” Coming close to death changed the Emmy Award winner, also dad to Leslie and Lisabeth, and his daughter’s outlook on life. “It sharpened our attention to each other and my whole family,” Shatner explained. “And also, what do you want to do with the remaining years?” Shedding more light on his cancer journey, the Boston Legal alum recalled how he found out he was ill. “When I was told I had Stage 4 melanoma, and the doctor, a friend of mine, I said I got this lump, and [he] put his doctor’s gentle fingers on my cheek, and he said to me, ‘Bill, you better get this out,’” Shatner recounted, per a TV Insider article published on Saturday, July 4. “With a kind of gravitas but not alarm, like a good doctor, and I went and got it out. It took two years of treatment to become cancer-free.” The Miss Congeniality star admitted he and his daughter had totally different reactions to their diagnoses, noting “she spent a year suffering” thinking “she was going to die.” “I, on the other hand, said, ‘Really? Stage 4?’ It didn’t occur to me that I was going to die. It didn’t occur to me that bad fortune was going to happen,” Shatner confessed. “At 95, I’m sensing the leaves are getting a little yellow and falling off the tree, but, OK! I didn’t fear dying because it didn’t occur to me that I was going to die. And that’s my attitude. Even as we speak. So what does that mean?” he asked. “I’m taking care of myself. It’s an attitude. I guess it’s acquired, but it may be inborn.” Making the most of life, Shatner currently has a podcast in the works with his daughter called No Time to Die.
Researcher’s note – From Brave AI: William Shatner, the iconic Star Trek actor, has been vocal about his support for COVID-19 vaccination [sic] and publicly shared his own vaccination [sic] experience.
Danny Glover Announces Alzheimer’s Diagnosis, Reveals He’s Been Living With The Disease For Multiple Years
July 1, 2026
Danny Glover has revealed that for the last few years, he’s been living with Alzheimer’s. The beloved actor announced his diagnos
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 NONDAY 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: 1.1398 UP 0.0034
USA/ YEN 163.56 DOWN 0.198 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 1.3334 UP 0.01126 OR 112 BASIS PTS
USA/CAN DOLLAR: 1.4103 UP 0.0012 //CDN DOLLAR UDOWN 12 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED UP 44.05 PTS OR 1.15%
Hang Seng CLOSED UP 243.85PTS OR 0.98%
AUSTRALIA CLOSED UP 0.92%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 243.85PTS OR 0.98%
/SHANGHAI CLOSED UP 44.95 PTS OR 1.15%
AUSTRALIA BOURSE CLOSED UP 0.92%
(Nikkei (Japan) CLOSED UP 426.85 PTS OR 0.68%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: $4098.00
silver:$59.33
USA DOLLAR VS TRY (TURKISH LIRA): 47.35 UP 13 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: 78.51 ROUBLE// DOWN 0 ROUBLE AND 86 BASIS PTS. WOULD YOU BELIEVE THAT THE RUSSIAN ROUBLE AND THE ISRAEL SHEKEL ARE THE STRONGEST CURRENCIES BESIDES THE DOLLAR .
UK 10 YR BOND YIELD: 4.9783 DOWN 6 BASIS PTS
UK 30 YR BOND YIELD: 5.675 DOWN 5 BASIS PTS
CDN 10 YR BOND YIELD: 3.606 DOWN 5 BASIS PTS
CDN 5 YR BOND YIELD; 3.227 DOWN 7 BASIS PTS
USA dollar index early MONDAY MORNING: 101.100 DOWN 20 BASIS POINTS FROM FRIDAY’s CLOSE
MONDAY MORNING NUMBERS ENDS
And now your closing MONDAY 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 MONSDAY
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
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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 FRIDAY 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.
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 FRIDAY
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
Financial Repression: How The US Government Will Quietly Confiscate Your Wealth
Friday, Jul 24, 2026 – 03:40 PM
Authored by Nick Giambruno via InternationalMan.com,
When I first heard the term “financial repression,” I thought it had to be a joke.
Why would governments and central banks use a term with such a negative connotation? Even people who are financially illiterate can understand that financial repression is a bad thing.
Simply put, financial repression is a strategy governments use to reduce their debt burden by manipulating interest rates below inflation.
It allows them to borrow in dollars and repay in dimes.
Here’s how the IMF describes it, emphasis mine:
“Financial repression includes directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulations of cross-border capital movements, and (generally) a tighter connection between government and banks.”
More from the IMF:
“High public debt often produces the drama of default and restructuring.
But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below-market real interest rates.
After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion.
Financial repression is most successful in liquidating debt when accompanied by inflation.”
For example, if inflation is 9% and governments fix interest rates at 4%, there is an ongoing 5% wealth transfer from the lender to the borrower. And that transfer compounds over time.
I think financial repression is how the US government will try to manage its otherwise impossible debt situation.
Consider this.
Among the biggest expenditures for the US government are so-called entitlements like Social Security and Medicare.
It’s unlikely any politician will cut entitlements. On the contrary, I expect them to continue growing.
That’s because tens of millions of Baby Boomers—about 22% of the population—will enter retirement in the coming years. Cutting Social Security and Medicare is a sure way to lose an election.
With the most precarious geopolitical situation since World War 2, National Defense—another large expenditure—is unlikely to be cut. Instead, defense spending is all but certain to increase. President Trump has proposed increasing it from $917 billion to $1.5 trillion. The ongoing war with Iran guarantees military spending has nowhere to go but up, way up.
Different types of welfare programs also make up a considerable part of the federal budget and are unlikely to be cut.
In short, efforts to reduce expenditures will be meaningless unless it becomes politically acceptable to make chainsaw-like cuts to entitlements, national defense, and welfare, while also reducing the national debt enough to lower interest costs.
In other words, the US would need a leader who—at a minimum—returns the federal government to a limited Constitutional Republic, closes the 800 military bases abroad, ends entitlements, kills the welfare state, and repays a large portion of the national debt.
However, that is a completely unrealistic fantasy.
It would be foolish to bet on it happening.
In any case, don’t count on increased tax revenue to offset these increases in federal expenditures.
Even if tax rates went to 100%, it still wouldn’t be enough to stop the debt from growing.
According to Forbes, there are around 902 billionaires in the US with a combined net worth of about $6.8 trillion.
The US federal government spent around $7 trillion in FY 2025, and will almost certainly spend a lot more in FY 2026 and beyond.
Even if the US government confiscated 100% of billionaire assets through a wealth tax, it wouldn’t cover even a single year of current federal spending.
And even after confiscating all billionaire wealth, the US government would still have to borrow more than $200 billion to cover FY 2025 spending.
Here’s the bottom line: increasing taxes, even to extreme levels, isn’t going to change the trajectory of this unstoppable trend—even slightly.
The truth is, no matter what happens, the deficits will not stop growing, nor will the debt needed to finance them.
In short, it’s politically impossible to even slow the federal spending growth rate, let alone cut it.
That means issuing ever-increasing amounts of debt is the only way to finance continuously expanding budget deficits.
The ever-growing interest expense on the ever-growing federal debt compounds the problem. It adds to the deficit, which must be financed with even more debt, which creates even more interest expense.
So what options does the US government have to deal with this impossible situation?
In my view, the US government has no choice but to implement financial repression.
The idea is to stealthily confiscate wealth from bondholders without causing too much alarm.
Financial Repression
There are many flavors of financial repression.
Capital controls. Mandates forcing banks, pension funds, and insurance companies to buy government bonds. Regulations that make government debt appear “safe” or “risk-free” on institutional balance sheets. Yield curve control. Interest rate caps. Restrictions on moving money abroad.
And countless other policies designed to trap capital inside the system and push it toward government debt.
For example, many countries have forced private retirement funds into unwanted government debt. I have no doubt the US government would do the same under pressure.
They could try to sell it to a scared and financially ignorant public as a safety measure—a way to help people protect their retirement savings by moving them into “safe” Treasuries amid a stock market collapse.
They could sell it with patriotic lies and push War Bonds, as they have done in the past.
They could mandate that a certain amount—say, 25%—of all new contributions to private retirement accounts must consist of Treasuries. For your own good, of course.
They could even forcibly convert existing assets held in retirement accounts into government bonds.
No matter the method, the result is the same.
The government needs to borrow enormous amounts of money at artificially low interest rates.
So it creates rules, incentives, and restrictions that force or pressure savers and institutions to finance government deficits on terms they would never voluntarily accept in a free market.
That is the essence of financial repression.
It’s no wonder financial repression is so attractive to politicians.
It allows them to reduce the real value of the debt without admitting they defaulted, without officially raising taxes, and without making the politically impossible spending cuts that would otherwise be required.
And they can do it while perhaps not even 1 in 100 people truly understand what is happening.
Financial repression will not arrive with a public announcement. It will come through policies that appear reasonable, temporary, and even protective—while quietly eroding the value of your savings and limiting your financial freedom.
This is only one part of a much larger crisis now taking shape. Read our free report to understand the forces driving it, the risks they pose to your wealth and personal freedom, and the three strategies you can use right now to prepare.
END
19 Million Eggs Pulled As Salmonella Outbreak Sickens 98 Across 17 States
Saturday, Jul 25, 2026 – 09:35 PM
The FDA and CDC have tied a growing Salmonella outbreak to eggs produced by Texas-based Midwest Poultry Services, which recalled roughly 1.5 million cartons – more than 19 million eggs – after the contamination surfaced. As of July 24, 98 people across 17 states had been sickened, according to the FDA, which said the recalled eggs are “a likely source of illnesses in this outbreak” and that its investigation is ongoing.
The recall itself went out through an FDA notice on July 22, before the illness count was attached. The eggs may be contaminated with Salmonella Enteritidis, a subtype that can cause serious and occasionally fatal infections in young children, the elderly, and the immunocompromised.
“Midwest Poultry Services identified the issue on its two Texas farms through proactive environmental monitoring practices and root cause analysis,” the company said, adding that it “is not distributing fresh eggs produced on its Texas farms at this time.” The company said it began diverting eggs to a breaking plant, where they would be pasteurized to kill any pathogens, and characterized the recall as precautionary. It did not respond to a request for more detail on how it detected the possible contamination.
There is a wrinkle worth noting. The recalled eggs were produced between June 6 and July 3, but the outbreak’s illness onsets stretch from Nov. 21, 2025 all the way to June 30, 2026 – a seven-month span far wider than the production window. That is why the FDA is describing the eggs as a likely source “in part” and says it is still investigating whether other foods are involved.
How To Check Your Carton
The eggs carried “sell by” or “best by” dates ranging from July 20 to Aug. 17. The recalled cartons carry an identifying code of P-1950 or 0840962 with a Julian date between 157 and 184, printed in date-coding ink on the side of the carton. No other Midwest Poultry Services products are affected.
The eggs were available at Kroger stores in Louisiana and Texas and Brookshire Grocery stores in Arkansas, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas, as well as smaller retailers not named in the notice. They were also shipped to foodservice customers in Texas, Oklahoma, and Louisiana. Kroger and Brookshire Grocery did not respond to requests for comment.
People who bought the eggs can return them for a full refund. Salmonella infection typically sets in 12 to 72 hours after exposure, with symptoms – diarrhea, fever, nausea, vomiting, abdominal cramps – usually lasting four to seven days.
Full list of recalled eggs:
- Kroger Large 12 eggs
- Kroger Large 18 eggs
- Kroger Large 60 eggs
- Kroger Extra Large 12 eggs
- Kroger Medium 12 eggs
- Kroger Medium 30 eggs
- Kroger Jumbo 12 eggs
- Simple Truth Cage Free Medium Brown 12 eggs
- Simple Truth Cage Free Large Brown 12 eggs
- Simple Truth Cage Free Large Brown 18 eggs
- Simple Truth Cage Free Large Brown 24 eggs
- Brookshire’s Large 6 eggs
- Brookshire’s Large 12 Eggs
- Brookshire’s Large 18 Eggs
- Brookshire’s Large 36 Eggs
- Brookshire’s Large 60 Eggs
- Brookshires Extra Large 18 Eggs
- Brookshire’s Jumbo 12 Eggs
- Country Morning Large 12 Eggs
- Country Morning Large 18 Eggs
- Country Morning Large 2 ½ Dozen
- Country Morning Extra Large 12 Eggs
- Country Morning Medium 12 Eggs
- Country Morning Jumbo 12 Eggs
- Sunups Medium 2 1/2 Dozen
- Grade AA Large Bulk X 30 DOZEN
- Grade A Large Bulk X 15 DOZEN
- Grade A Large Bulk – TICTAC
- Grade A Large Bulk – BROWN – TICTAC
- Grade A Medium Bulk X 30 DOZEN
- Grade A Medium Bulk X 15 DOZEN
- Grade A Extra Large Bulk X 15 DOZEN
- Grade A Jumbo Bulk 20 eggs
h/t Epoch Times
USA/RUSSIA/UKRAINE
Humanoid War Robot Gets Advanced AMD-Powered AI Brain
Friday, Jul 24, 2026 – 10:10 PM
At the start of February, we began tracking startup Foundation Robotics after publicly available news reports and X posts suggested it could become one of the first US companies to deploy humanoid robots on the modern battlefield.
TIME later reported that the company’s robots had been sent to Ukraine for testing and evaluation, raising the prospect that these war bots could soon reach the front lines in Eastern Europe.
Our February 2 report, “Watch: Russian Soldiers Surrender To Gun-Wielding Robot; Humanoid Warfare Nears,” and our February 3 report, “AI’s Next Frontier Is Physical As Humanoid Robots Begin March On Assembly Lines And Beyond,” both preceded TIME’s coverage of Foundation by a full month and showed how these robots were being positioned for testing in Ukraine.
In another signal that Foundation is preparing its war bots for battlefield deployment, Reuters reported that the startup partnered with Advanced Micro Devices to supply high-end AI processors for its second-generation Phantom MK-2 robot.
Foundation plans to open a factory in October capable of producing 5,000 robots per year, followed by a second facility with capacity for 50,000 units. Industrial robots will be leased for about $100,000 annually, while defense models designed for logistics and reconnaissance will be sold for $300,000 per unit.
Phantom MK-1 robot
Last month, we were also the first to publish video from a Las Vegas testing range showing the Phantom MK-1 operating a light mortar system.
Phantom MK-1 robot
Founded in 2024, Foundation said its first-generation Phantom MK-1 robots are already operating in the automotive supply chain and contributed to the production of more than 24,000 vehicles last year.
Beyond the factory floor, the key question is when these bots will reach the front lines. Our report earlier this month, citing a Ukrainian news outlet, revealed that Kiev is preparing to launch a grant competition for war bots, with Foundation appearing well positioned to secure funding.
Latest coverage on warfare robotics:
- Drone War Enters Terrifying New Phase As Russia Deploys 300-MPH Jet-Powered Shahed
- Watch: Aerial Drone Airlifts Kamikaze Ground Bot Into Battle As Warfare Automation Accelerates
- Anduril Unveils Tiltrotor Killer Drone Straight Out Of ‘Terminator’
Major Wall Street desks are finding ways to profit from the asymmetric warfare boom:
- “Only The Beginning”: How To Profit From The Asymmetric Warfare Boom
- This American Drone-Motor Company Is Positioned For “Massive Procurement Tailwind”
You’re getting a front-row seat to what the 2030s battlefield will look like – a lot of automation – AI kill chains – just chaos.
END
Machete-Wielding Islamic Terrorist Killed By Cops After Deadly Berlin Pride Attack
Sunday, Jul 26, 2026 – 02:00 PM
Update (1400ET): The machete-wielding Islamic extremist who drove into a crowd at Berlin’s Pride festival has been shot dead by police.
Abdul Ballout, 21, crashed into partygoers near the Christopher Street Day Parade on Saturday night, killing one person and wounding 29 others.
As The Telegraph reports, the German citizen, who had Lebanese roots and a previous conviction for terror offences, was the subject of a manhunt for more than 20 hours until officers tracked him down to a garden shed in Berlin-Spandau.
Special forces surrounded the plot and carried out an operation on Sunday evening.
Ballout was shot dead after advancing towards officers with a bladed weapon, Berlin police said.
Iris Spranger, Berlin’s interior senator, thanked police, saying:
“I am grateful to the security authorities for finding the attacker so quickly. That is a tremendous achievement.”
More than 2,000 police officers were involved in the manhunt, which was expanded on Sunday to include long-distance trains connecting Berlin to other major cities.
Welt newspaper reported that Ballout had convictions for grievous bodily harm and violent coercion, but more recently appeared to have been radicalised as an Islamist extremist.
He was arrested in Lebanon for trying to join Islamic State in Syria and planning a terror attack.
Florian Nath, a Berlin police spokesman, said the suspect was “known to us as a member of Islamic circles here in Berlin”.
* * *
A manhunt is underway in Berlin for a 21-year-old Islamic State supporter accused of driving a vehicle into a pride celebration, killing one person and injuring at least 16 others. The German government called it a “heinous act” of violence. Given the suspect’s jihadist ties, why not call it what it appears to be: terrorism?
“The chief suspect in a deadly attack near Berlin’s pride parade on Saturday night is a supporter of the so-called Islamic State (IS) group and was previously convicted of related offenses, German media reported Sunday,” AFP News reported on Sunday morning.
The outlet added, “The 21-year-old man named by police as Abdul B. last year traveled to the Middle East in a failed attempt to join IS, according the Bild and Spiegel newspapers. He was then convicted in Germany of “preparing a serious act of subversive violence,” the papers report.”
The attack occurred late Saturday night when Abdul drove his van into a group of pedestrians at the pride festival in Tiergarten, shortly before 10 p.m.
German Chancellor Friedrich Merz and Interior Minister Alexander Dobrindt, Germany’s top federal security official, said they “will push with particular urgency for the resolution and punishment of this heinous act.”
Yet their statement stopped short of describing the attack as terrorism…
British political activist commented on the attack:
There is currently a manhunt in Berlin for ‘known’ Islamist Abdul B for predominantly peacefully driving straight through a pride parade while advocating for the religion of peace.
When you allow ‘known’ Islamist scumbags into your country what do you think will happen?
The attack will certainly intensify scrutiny of Europe’s backfiring mass-migration policies and Germany’s failure to adequately confront Islamist radicalization. Progressive policymakers in Berlin have increasingly focused on the AfD and right-wing extremism, but the latest violence is another reminder that jihadist networks remain among the country’s most serious national security threats.
The attack will likely bolster more support for Alternative for Germany, which has positioned itself as the common-sense opposition to the left-wing political establishment. Its growing momentum suggests German voters are increasingly frustrated with nutty lefty globalist policies that have pushed Europe closer and closer to the brink of failure
KING NEWS
| The King Report July 28, 2026 Issue 7791 | Independent View of the News |
| Trump argues that the boom in data centers lower Americans’ energy costs “We are here today to continue the incredible progress we’re making in communities nationwide to ensure that as new data centers go up – and they’re going up all over – electricity bills for American families will actually come down,” Trump said at an event Thursday… On Monday, Rep. Byron Donalds, R-Fla., also introduced the Protecting Ratepayers Act, which would codify the president’s pledge and require data centers to “independently source water and power, bypassing public infrastructure.”… https://justthenews.com/nation/states/center-square/trump-data-center-boom-will-lower-americans-energy-costs WSJ: Trump Is Losing Patience Over an Iran War with No Clear End in Sight President grows skeptical of diplomacy and is in ‘revenge mode’ against Tehran… The war has taken a personal toll on the president and some of his senior advisers. Some top aides have been advised by intelligence agencies that the Iranians are seeking to kill them and have been told to stop taking car services, according to people familiar with the matter…. https://www.wsj.com/politics/policy/trump-is-losing-patience-over-an-iran-war-with-no-clear-end-in-sight-c411d3cd Trump: President Xi, at our recent meeting in Beijing, China, told me that he would not, under any circumstances, give or sell Weapons to the Islamic Republic of Iran — And that statement included Chinese Companies. Considering our relationship, I take him at his word and, besides, l am doing him very big favors, also. Likewise, President Putin, despite the horrible War going on in Ukraine (The relationship remains, as it does with President Zelenskyy), told me that he would not sell Weapons to Iran. He understands that I do not sell Weapons to Ukraine, but to NATO Countries. They pay full price, and how those Weapons are distributed, I have no idea. Therefore, two major Countries that people speak of often in terms of Iran are, in my opinion, not participating. If they did, it would be very bad for them — Certainly not in their best interests… @bravosresearch This chart shows S&P 500 and the Magnificent 7’s performance relative to the broader market. And for the 1st time in more than 10-years, these 2 lines are forming a big divergence. Over just the past few months the Mag 7 stocks have quietly lost nearly 20% of their value. https://x.com/bravosresearch/status/2080656749774962925 Strangely, these are the stocks that were supposed to be powering the entire stock market. Nvidia, Microsoft, Alphabet, Amazon, and Meta have been at the center of the AI boom and driven much of the market’s gains over the past 10 years… And we’ve seen this dynamic before. During the dot-com bubble, Cisco, Microsoft, Intel, and Dell, the “4 Horsemen”, became the dominant force behind the market rally. But they quietly started underperforming a few months before the broader market rolled over. https://x.com/bravosresearch/status/2080656761384804531 The yen/dollar hit 163.94 on Friday. A possible intervention began minutes before the NYSE opening. The yen/$ then fell to a daily low of 163.86 at 11:12 ET. This instigated a moderate bond rally. USUs hit 100 4/32 (+21/32) at 1116 ET. They made a low of 109 11/32 at 23:08 ET. In equity land on Friday morning, there was a rotation out of AI-related stocks and into DJTA stocks. Micron was -5.19%, and Broadcom was -1.81% at 11:10 ET Near the 11:30 ET European close, Apple was +3.02%; Netflix was +1.5%; Salesforce +4.36%, IBM +3.99%, Disney +3.35% joined Apple as the best DJIA performers. AXP was -5.38%. American Express shares fall as revenue, net card fees miss – BBG EPS 4.53, 4.41, Revenue $19.64B, $19.69B exp; Net Card Fees $2.86B, $3.01B exp; Provision for Credit Card Losses $1.1B, 1.3B expected. Did AXP lower credit losses to make EPS? ESUs opened modestly higher on Thursday night and formed a protracted ABC to 7469.00 (+21.00) at 7:56 ET. ESUs then fell to 7431.50 at 9:59 ET. ESUs then vacillated wildly until this appeared: Reuters: Pakistan, Iran explore path towards new talks with US in a China initiated push 11:14 AM Exploratory discussions took place during a visit by Iran’s Interior Minister Eskandar Momeni to Islamabad this week — his second within the last 10 days, the sources said… Pakistan relies on Saudi financial support, and Islamabad has firmly condemned recent Houthi attacks on Saudi Arabia. Being seen as too receptive to Iranian arguments could risk frustrating Riyadh. But Islamabad is similarly dependent on Beijing, which has also been a key financial backer of Islamabad, and which has economic interests in finding a diplomatic solution to reopening key Middle Eastern trade routes… “The Chinese are unhappy because Iran’s attacks on other Gulf states and the closure of the Strait of Hormuz are hitting their interests,” a Pakistani government official said… https://www.reuters.com/world/china/pakistan-iran-explore-path-towards-new-talks-with-us-china-initiated-push-2026-07-24/ Axios’ @BarakRavid: The U.S. and U.K. are discussing the convening of a high-level meeting in London next week that will focus on a potential international coalition to protect maritime shipping in the Strait of Hormuz, European diplomats say. https://www.axios.com/2026/07/24/hormuz-us-uk-conference-iran ESUs surged from 7432.75 at 10:44 ET to 7489.50 at 11:16 ET. After a minor retreat, ESUs plodded to a daily high of 7496.59 (+51.50) at 12:08 ET. ESUs then plunged to 7432.00 at 15:24 ET. The reason for the afternoon swoon: Trump was meeting on Friday with top advisers and senior members of his cabinet to decide whether to intensify the military assault against Iran, according to four people briefed on the planned discussion – NYT NYT 2:18 PM ET: Iran’s New Leader Is More Open to Pursuing a Nuclear Weapon, U.S. Intelligence Says – The previous supreme leader, who was killed early in the war, had renounced nuclear weapons. U.S. spy agencies believe his son is more interested in building a bomb… https://www.nytimes.com/2026/07/24/us/politics/iran-nuclear-weapon.html The late manipulation was aided & abetted by Trump. Trump on Iran: We can make a deal or hit them harder – BBG 15:33 ET Trump Don’t think Iran ready yet, but they want to make a deal – BBG 15:33 ET Trump: As we speak, we’re talking to Iran – BBG 15:33 ET Trump: I don’t know that Russian, China are enabling Iran – BBG 15:33 ET Trump: I trust Xi, Putin on their word on Iran – BBG 15:34 ET Trump: Haven’t made decision on major strikes on Iran – BBG 15:35 ET Trump: Think around getting more serious in talks as days go by – BBG 15:35 ET Trump: Believe Iran is very serious they should be – BBG 15:35 ET Trump: I think Iran’s being more serious than we’ve seen – BBG 15:37 ET Trump: I always prefer making a deal – BBG 15:37 ET Trump: I’m in no hurry over Iran despite what set of election – BBG 15:37 ET ESUs jumped to 7451.00 at 15:59 ET but fell to 7441.75 at 16:06 ET. Friday’s King Report: The usual suspects will play for the Friday Rally. They are buying ESUs and NQUs on Thursday night for the expected rally even though the Iran situation is worsening. Saner angels do NOT want significant exposure over a possibly troubling weekend…. stocks will start higher; the rest of the day is a crapshoot. But beware of late liquidation ‘down to sleeping levels’ for the week. The bond market just gave a signal… it has only given 17 times since 1962… The 10-year Treasury yield just broke out to a new 18-month high for the first time in over a year. Every previous time this happened, yields kept climbing. Commodities kept advancing. And equities? Look at the drawdown column yourself… https://georgenoble.substack.com/p/the-bond-market-just-gave-a-signal?triedRedirect=true Positive aspects of previous session Yet another ‘peace deal is nigh’ story appeared and boosted stocks in the morning. Gasoline and oil declined sharply on the peace is at hand, again, reports Bonds rallied moderately. Negative aspects of previous session The SOX Index fell as much as 5.12% (at 15:15 ET) on rotational valuation. Stocks sank in the afternoon. USUs fell from +21/32 at 11:16 ET to +7/32 at 16:00 ET. The yen/dollar keeps making new 40-year highs (lower yen value) Ambiguous aspects of previous session How long can equity jockeys insouciantly dismiss negative fundamentals, notably higher yields? First Hour/Last Hour NYSE Action [S&P 500 Index]: 1st Hour: Up; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to day traders]: 7423.16 Previous session (S&P 500 Index) High/Low: 7460.98 (12:11 ET); 7396.53 (15:24 ET) Mamdani warning to wealthy New Yorkers about ‘fair share’ sparks online firestorm “If you have a second home in New York City worth more than $5 million, check your mailbox when you’re back in the five boroughs — because you’ve got mail,” Mamdani posted on X, touting the tax on specific second properties introduced by New York Gov. Kathy Hochul that he supported going into effect soon. “Today, we sent notification letters to property owners, letting them know that our new pied-à-terre tax is coming soon,” Mamdani continued… https://trib.al/uxZUU4t @EWess92: Unreal. A second judge in the District of Massachusetts has entered an order stopping President Trump from ending *Temporary* Protected Status for Ethiopians. This comes less than one month after the Supreme Court said it could not do that. (Impeach & remove ASAP to halt the abuse) https://x.com/EWess92/status/2080731995089387699/photo/1 @mrpooln: Trump responds to Nancy Pelosi announcing her retirement, calling it a “great thing for America.” “She was evil. Corrupt. And only focused on BAD things for our country.” “I’m very honored she impeached me twice and failed MISERABLY.” Axios reports Trump halted striking Iran on Friday because Oman is mediating talks to reopen the Strait of Hormuz. Trump sees diplomacy as the “smarter strategy,” though the military remains ready to attack. CBS News: The US is burning interceptors faster than they can be replaced. The Pentagon has shifted to using cheaper weapons. Officials fear that the current rate of weapons usage is unsustainable and could weaken the United States’ readiness for a potential conflict with China. @FoxNews: New satellite images show Iran quickly rebuilding nuclear sites struck by the U.S. Former Defense Secretary Mark Esper warns Tehran is rapidly restoring its military capabilities, including missiles and drones, as it seeks to regain leverage. He argues the answer is to “strangle” Iran economically, saying cutting off the regime’s revenue would cripple its ability to rebuild and bankroll terrorist proxies. https://x.com/FoxNews/status/2081122343418527780 @RealBababanaras on Saturday: Ukraine says it has struck several vessels in the Caspian Sea used to transport Russian military cargo to Iran. Reports suggest the cargo ships Port Olya 2 and Begey were hit. Meanwhile, Iranian regime-affiliated channels are threatening ballistic missile strikes on Ukraine. (This cannot be! Trump asserted on Friday that Xi and Putin are NOT arming Iran, and he trusts them!) Ukraine President @ZelenskyyUa on Saturday: I will instruct our intelligence to share with our partners the information we have regarding Russia’s new assistance to the Iranian regime. Since the beginning of July, we have recorded active Russian satellite surveillance of the Gulf states and U.S. military facilities located there. These images subsequently appear in Iran. At the same time, there is a clear correlation between Russia’s satellite imagery of these sites and Iranian strikes – both before the attacks, in preparation for them, and afterward, to assess the damage inflicted. On July 19 and 20 alone, four air bases fell within the area of interest of Russian satellites – two in Bahrain, one in Jordan, and one in Kuwait. The purpose is clear. None of us in the world should turn a blind eye to one very simple fact: evil always seeks ways to make things worse and spread further. Russia must be stopped. This war must be stopped. Pressure on the aggressor must work. Iran says progress made in talks with Oman on Strait of Hormuz – Al Jazeera on Sunday @JewishWarrior13: Al-Hadath (Saudi owned): Iran has informed senior Pakistani officials that it has not withdrawn from negotiations, but rather has postponed them and emphasized to them the need to resume talks from the point where they were interrupted. Iran is demanding the resumption of negotiations regarding the Strait of Hormuz, followed by the release of frozen assets, and then talks on the issue of the nuclear program. Following the decision by the US government to freeze the war escalation, a Saudi source close to the Riyadh regime told N12: “The Iranians are playing Trump; there is no trust in him. It is very frustrating to understand how he operates. No one understands his methods; he is confusing, and no one trusts him. Everyone is disappointed with his behavior.” “The Iranians are pulling him in one direction and then another. He speaks as if he were the hero and the campaign had ended, but the war hasn’t ended at all; in fact, everything is just beginning. There needs to be a state of war or peace. Years of this in-between state are no longer working. You can’t continue with a half-and-half situation.”… According to sources familiar with the matter, the US’s lack of interceptors is just an excuse to pause the war; there is no shortage of interceptors… The leadership in Israel doesn’t know why the US decided to talk to the Iranians again. @DumisaniTemsgen: Every failed attempt at negotiations and restart of bombing against the Iranian regime is a continued indictment of Trump forcing Israel to stop Operation Rising Lion in June 2025, falsely declaring that that ayatollahs wanted peace, and stating that the Israelis don’t “know what the f**k they’re doing!” No. It’s not JD Vance. This the is President’s foreign policy, and the greatest influences on it are Turkey and Qatar. @c14english: Confirmed sources report JD Vance, not the Secretary of Defence, sparked the rumors and concerns about US munitions stockpiles, citing them as the reason for pausing strikes on Iran. Trump to the Wall Street Journal: “We have far more munitions than anyone in the world, and far more than we need.” @TheBelaaz: Unreleased documentary footage showed the late Sen. Lindsey Graham privately arguing that Jared Kushner and Steve Witkoff should not lead Middle East negotiations because of what he viewed as conflicts of interest, according to WSJ today. Graham reportedly told former national security adviser Jake Sullivan that Secretary of State Marco Rubio should lead the talks instead… The footage also showed Graham pressing President Trump and foreign leaders for regime change in Iran and, at times, advocating military action beyond what Prime Minister Benjamin Netanyahu supported. The Atlantic: Even Trump Can’t Spin This One – You can’t post your way out of a war. If President Trump has one true skill, it is conjuring up alternate realities and getting his supporters to accept them… That era may be coming to a close, in large part because of the way he and his administration have bungled the war in Iran. Trump seems unable to spin this conflict, divert sufficient attention away from it with a new controversy, or end it outright… https://www.theatlantic.com/technology/2026/07/trump-iran-war-social-media/688065/ @kshaughnessy2: Classic Friday evening news drop – Blackstone’s $78B private credit co-CEO resigns on Monday.… company waits until after-hours Friday to announce. “Jonathan Bock, co-chief executive officer of Blackstone Inc.’s flagship $78 billion private credit fund, is leaving the firm, according to a filing Friday…. Bock also resigned as co-CEO of Blackstone Secured Lending Fund…. His exit comes after Katherine Rubenstein, the COO of the BCRED fund left last month….” Today – This is Fed Week. The Street expects NO rate hike. The 2-Year Note, energy commodities, and inflation metrics are clamoring for a 50 to 75bp rate hike! Friday’s King Report: For the first time since April 7, the &P 500 Index closed substantially (63.49) below its 50-day moving average of 7471.79. On June 26, the S&P closed at 7354.02 with a 50-DMA of 7363.43. The ‘Game’ today for bulls will be to force the S&P 500 Index back above its 50-DMA. Bulls failed to push the S&P 500 above its 50-DMA on Friday. The index closed below its 50-DMA (7472) for a 2nd straight session. This is the first time this has occurred since April 6-7. S&P 500 Index with 50-day Moving Average – A perilous technical condition has developed! NB: The break away gap in early April that was not filled in 3 sessions; it heralded a dynamic move. The usual suspects will play for the Monday and Fed Week Rallies. If the gap from the S&PP 500 decline from Thursday and Friday is not filled today, technical dogma states, ‘if a gap if NOT filled in 3 sessions, a move in the direction of the gap should occur. ~90% of the time, a Common (minimal) Gap is filled with 3 days. https://tradewiththepros.com/stock-gap-fill-strategies/ ESUs are +45.75; NQUs are +316.50; USUs are +8/32; WTI Oil is -4.53; Gasoline is -0.11 at 21:00 ET. Expected Economic Data: June Durable Goods 1.5% m/m, ex-Trans 0.9%, Nondefense ex-Air 0.9% S&P 500 Index (7411.98 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 6248.85 triggers a sell signal Weekly: Trender and MACD are positive – a close below 6960.05 triggers a sell signal Daily: Trender and MACD are negative – a close above 7528.27 triggers a buy signal Hourly: Trender and MACD are positive – a close below 7397.97 triggers a sell signal S&P Index 50-day MA: 7472; 100-day MA: 7173; 150-day MA: 7082; 200-day MA: 7002 DJIA 50-day MA: 51,447;100-day MA: 49,677; 150-day MA: 49,488; 200-day MA: 48,900 (Green is positive slope; Red is negative slope) @WallStreetApes: BOMBSHELL Investigative journalist Catherine Herridge says she found evidence that Joe Biden’s family was being blackmailed by China (and shows the documents) and our mainstream media ignored the evidence “What we saw in the release of the records, which I’m afraid I think in the media or legacy media there was kind of a willful blindness. They didn’t want to look at the records. All you had to do was spend a couple of hours. I found these records which are talking about blackmail by China. It was for President Biden’s daily brief. I can conclude, I think, that it was probably about targeting his family”… all this was ignored and buried by the FBI, CIA and the media in order to keep Democrats in power. https://x.com/WallStreetApes/status/2081026686599008541 South Carolina will be first in Dems’ 2028 primary – The Palmetto State currently boasts a single Democratic member of the House, Rep. James Clyburn, D-S.C… but is also home to a large black population, a Democratic voting bloc that has sought increased influence in determining the party’s leaders… (Implies a leftist Dem will win and take the lead in the nomination process, probably Kamala!) https://justthenews.com/politics-policy/south-carolina-will-be-first-dems-2028-primary Democrats pick South Carolina for first primary of 2028 in possible boost to Kamala Harris, dethroning Iowa and New Hampshire https://trib.al/T8g5ewB After Joe Biden finished in the toilet in the New Hampshire Primary and Iowa Causes in 2020, Dems used the South Carolina Primary to rig the process for Biden. After Biden ‘won’ the South Caroline Primary, all other major Dem candidates suspiciously dropped out of the race. Furthermore, Obama used the South Carolina Primary to force Hillary Clinton out of the race. Bill Clinton was outraged at the scheme and accused Team Obama of ‘playing the race card.’ Nevertheless, Hillary had a Hopson’s Choice: Fight Obama for the nomination and alienate black voters, which would ensure her general election defeat or cut a deal with Obama. Hillary choice the deal avenue and procured the highly desirable Secretary of State position that controlled billions of dollars. @ScottPresler: The Chester County, Pennsylvania, non-juror list contains 65 pages of non-citizens that have been summoned for jury duty. If this is happening in Chester County, it’s happening everywhere. Pass the SAVE America Act! https://x.com/ScottPresler/status/2080797691366240285 @Real_RobN: This woman has never voted in a presidential election other than for Donald Trump in 2020. While reviewing her voting history, it shows that Democrats have been voting for her in the last three elections. Pass the SAVE America Act. https://x.com/Real_RobN/status/2080353737894412619 NYC Jewish leaders blast Mamdani after stabbings, call for hate crime charges: ‘Stop fanning flames of hatred and division’ – Raul Morales allegedly yelled “Allahu Akbar” as he attacked two men — one Asian and one wearing a yarmulke — in separate attacks near Central Park Thursday afternoon… https://trib.al/onKsxIc WSJ Editorial Board: Globalizing the Intifada in Mamdani’s New York As the mayor accuses Jews of genocide, a Jewish man is stabbed New York Mayor Zohran Mamdani has been running a campaign to demonize Israel and its supporters for committing “genocide.”… Earlier this week Mr. Mamdani taped a video accusing Israel of genocide and deliberate child murder… He now sticks to “genocide,” “apartheid,” child-killing and other accusations to render Israel an enemy of mankind, along with the “Zionists” whose crime is to support its existence… he is responsible for promoting a culture of denigration that is all too easy for a fevered mind to hear and conclude that violence against Jews is acceptable. The mayor and his ideological groupies are playing with antisemitic fire… https://www.wsj.com/opinion/zohran-mamdani-new-york-stabbing-antisemitism-141a0991?st=du99sx Zohran Mamdani Blames Reported ‘Allahu Akbar’ Stabbing on ‘Mental Health’ https://www.breitbart.com/politics/2026/07/24/nolte-zohran-mamdani-blames-reported-allahu-akbar-stabbing-on-mental-health/ Babyl Bee: Experts Baffled by Mysterious Mental Health Disorder That Causes People to Stab Jews @Newsforce: Trump just named Michael Jordan the GOAT over LeBron—and suggested James might be a racist. “Michael Jordan’s a guy that’s a friend of mine…I think LeBron is—maybe he’s a racist, but maybe he doesn’t like Trump. ButI only like people that like me.” https://x.com/Newsforce/status/2080772169026441259 Trump and others NOT of the left are coopting leftist’s playbook and labeling opponents as ‘racists.’ @QuantumGuard17: SEN WYDEN (D): We don’t want ramblings about the most corrupt regime in history, we want facts. BESSENT: “And we’d like to hear what Adam Wyden and Jeffrey EPSTEIN talked about. Your son’s largest investment position was Rick’s Cabaret. So, did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?” https://x.com/QuantumGuard17/status/2080801699061436431 Obama Presidential Center subcontractors file new legal claims saying they are still owed nearly $900K https://trib.al/IiCRLQn Trump at the WH Correspondents’ Dinner on Saturday night: “A once feared and powerful regime that relentlessly attacked America has finally been toppled. Their former leaders have been removed and they’re now being run by a gay dictator facing internal divisions. But I for one wish Bari Weiss all the best at CBS News.” “They thought about going with a professional clown for entertainment, but Adam Shifty Schiff was not available.” “I know Chuck Schumer wants to meet Bibi Netanyahu when he visits the White House next week, but it’s forbidden under Sharia Law.” 7 Chicago Save a Lot stores set to close as SNAP cuts deepen food access concerns In 2022, the City of Chicago approved $13.5 million in taxpayer money for Yellow Banana to acquire and rehabilitate six West and South side Save A Lot supermarkets… (Another socialism failure) https://www.fox32chicago.com/news/7-chicago-save-lot-stores-set-close-snap-cuts-deepen-food-access-concerns Black Prof. Carol M. Swain, PhD @carolmswain: It’s time for the black community to hold its worst elements accountable. This is a self-inflicted blow encouraged by the rhetoric of progressives and cowardly politicians of both political parties. Hundreds march through Madison (WI) to protest police killing of career criminal Corey Ruiz The Party for Socialism and Liberation held signs reading “jail killer cop. Justice for Corey Ruiz.” Angry protesters hijacked the podium during a police press conference on Thursday — pushing aside Madison Police Chief John Patterson during an update on the shooting. One woman held up a sign that read: “Corrupt cops deserve to die too!!… https://trib.al/RJTc9ZS @cartierfamilyZ: The protesting in Wisconsin over a guy who stabbed 2 cops is literally the stupidest thing I’ve seen in a while. He stabbed 2 cops? What did you think was going to happen? @policelawnews: Madison, WI – Not only did Corey Ruiz stab a police officer while resisting arrest…but he also grabbed at an officer’s Taser in an attempt to control the weapon https://x.com/policelawnews/status/2080709486759874594 @MidwestSafetyYT: Here’s our full story on how @JuForthePeople stopped Madison police from having bodycams. She’s now protesting a shooting that had none. Juliana Bennett spent four years on the Madison Common Council trying to keep body cameras off the city’s police. She sponsored the motion to kill the program before it started. She voted no when it came back. She voted no again when the council finally funded it. The cameras were never deployed. This week, after a Madison officer shot and killed a man on the near east side with no body-worn camera recording it, Bennett is one of the loudest voices demanding the officer’s arrest. Corey Ruiz, 38, was shot and killed by a Madison police officer around 1:35 p.m. on July 22 at South Baldwin and Williamson streets. Police say Ruiz fled on a bicycle, pulled a fixed-blade knife and injured an officer before the injured officer opened fire. Cell phone video is circulating online. What does not exist is the one recording built to show the shooting from the officer’s own vantage point. No officer on scene wore a body camera. In a statement on the shooting, officials said the public “will not have the benefit of video from the officers’ perspectives” and would have to rely on other available video.. That gap is not an accident of budget. Madison is the largest city in the Midwest whose police still do not wear body cameras. The department is not the holdout. Its own body-camera pilot reported that officers wanted the cameras and the police chief has pushed the city to fund them. The resistance came from the council and no member fought them harder than Bennett… The department says the man was armed with a knife and had injured an officer before he was shot. https://x.com/MidwestSafetyYT/status/2080725786391376013 @DanLennington: Ruiz was first charged in April 2007 at age 19 (Disorderly Conduct). The criminal cases in the Dane County files span 17 years — from 2007 through 2024. Across the 25 individual Dane County criminal cases, he was charged with 86 separate crimes… The trends I see in all this are (1) a career-long pattern of resisting officers, (2) serious early violence (including multiple strangulations and robberies) treated lightly w/ probation, (3) heavy use of “dismissed but read in” and probation instead of prison, (4) frequent jail sentences marked “deemed served,” (5) repeated new charges while already under supervision, (6) and the longer prison terms only arriving late in the record… https://x.com/DanLennington/status/2080681208728457244 @doranchad: These people are turning Madison into a war zone while @DSAMadison, leftist lunatics, and paid agitators are listening to @FrancescaHongWI and @JuForthePeople (WI Gov Candidate) encourage them to do it. Meanwhile, Madison leadership and its police dept. are hiding from it. https://x.com/doranchad/status/2080843906359443774 Francesca Hong’s Big Blunder, Chardonnay Liberals at the Madison Hunger Games, and We’re Revoking Chief John Patterson’s Man Card – She’s actually the candidate of chaos, disorder and instability. She is Al Sharpton crossed with Mata Hari. And it’s on video… That same night, the Madison bourgeoisie gathered for Chardonnay or a good Riesling and a lazy night out for a concert at the Square. Photojournalists captured the shell-shocked largely white and middle-aged, affluent concert goers with their South Florida hats and linens, with wine bottles splayed in front of them, as BLM ranted and raved. I’d feel sorry for them, but it’s Madison. You get what you vote for, and the chickens likely came home to roost… Then came the Madison police chief John Patterson’s shambolic press conference in which he let a protester rip his microphone out of his hand and officially handed in his man card. A person held a sign saying cops should di* and maybe even the police chief himself – with no pushback… The guy who grabbed the microphone declared that no one wanted to hear the police drone on about Corey Ruiz having a knife, which is, you know, the central fact. And why this shooting was almost certainly legally justified (the chief previously said Ruiz injured the firing officer with the knife)… Urban chaos elects Republicans… People prefer order… “This state sanctioned violence was an execution,” Hong ranted to the crowd, through a megaphone, as protests erupted. “We no longer can have a system that protects a power and a privilege that puts the pain and lives of armed officers over black people. We can not protect a system that contains to rain harm and terror.” She also called the likely justified shooting an “execution” in a written statement… She’s an agent of chaos and disorder whose goal is to destabilize our democracy. It’s hardly hope and change. It’s a brand hinged on negatives. Abolishing, destruction… https://www.wisconsinrightnow.com/francesca-hong-megaphone-video/?amp=1 @Notwokenow: Watch the Asheville Police Dept Interim Chief, Jacquelyn “Jackie” Stepp, working overtime to NOT call a mass shooting gang related. “A group of individuals who know each other… committing acts of violence against each other…” God, save us from white liberal women. https://x.com/Notwokenow/status/2080890096912363885 @CWBChicago: A Cook County judge lost his job in January after two bar groups complained about a conservative column he wrote before returning to the bench. Meanwhile, a sitting judge who posts liberal opinions on Facebook has suffered no repercussions. https://x.com/CWBChicago/status/2080840207210066386 @CWBChicago: Wednesday morning: Charged with stealing a Toyota Corolla. Gets released. Wednesday evening: Gets arrested after allegedly stealing a Jeep. https://cwbchicago.com/2026/07/aurora-stole-suv-12-hours-after-being-released-on-auto-theft-charge-prosecutors-say.html @vocate: Naomi Wolf: Why Democrat Women Are So Angry – Dr. Naomi Wolf tells Miranda Devine how she was once the voice of progressive feminism. But Wolf says the Democrats’ war on masculinity left women angry, joyless, and alienated from men and family. https://x.com/vocate/status/2080620614197416350 NYC promotes nearly 100% of students in grades 3-8 despite 40% failing standardized tests https://trib.al/DGZK5HO Minnesota to hand out paper transgender dolls to children as young as 4, the paper dolls feature removable genitalia and were created for children to “learn about the different options that exist for who they can be.” – NY Post (Sick, deranged, and evil) @Trump47News: Mass amounts of Americans are calling for the courts to be PURGED as San Francisco leftist Judge Linda Colfax released a criminal who FATALLY assaulted an 84YO — because she was worried prison would have a “poor impact” on him. https://x.com/Trump47News/status/2080962758317682830 @DebbieSchlussel: Abdul Ballout, the Muslim Arab who drove into the gay pride Christopher Street event in Berlin, was extradited from Lebanon to face justice in Germany for an unknown crime, didn’t serve the time and was out on the streets (so why extradite him?), (classes don’t work, DEPORT them!). should have been deported, wanted to join ISIS and was known to plan a terror attack, and in response the dumbass Germans told him to take a course on extremism. What could go wrong?! https://x.com/DebbieSchlussel/status/2081372550551019972 @JonnyRoot_: The WNBA disrespected America tonight by refusing to wear the USA 250 patch on their All-Star jerseys… WNBPA Treasurer Brianna Turner said the patches shouldn’t be worn because “No WNBA players would have been free 250 years ago.”… @wisconsin_now: The Wisconsin media are still not reporting that the Democrat frontrunner for governor belongs to a group… that wants to draft a new U.S. Constitution and abolish the presidency… the Wisconsin Democratic Party has pledged to support her if she wins the primary. Large mobs of teenagers have violently attacked and robbed at least two people in the Loop this weekend, sending both to hospitals, CPD says. https://cwbchicago.com/2026/07/large-teen-mobs-are-attacking-and-robbing-victims-in-the-loop-cpd-says.html | |
SWAMP STORIES FOR YOU TONIGHT
Over 148,000 Mail Ballots Rejected In California’s Primary Election, Data Show
Friday, Jul 24, 2026 – 08:05 PM
Authored by Jack Phillips via The Epoch Times,
Election data that was provided by California state officials for last month’s primary elections show that more than 148,000 mail-in ballots were rejected, an uptick of more than 40,000 from the 2024 primary.
Election workers conduct ballot tabulation at the Los Angeles County Ballot Processing Center during California’s state primary election in the City of Industry, Calif., on June 2, 2026. Patrick T. Fallon/AFP via Getty Images
All in all, 148,241 were rejected in the state’s June 2 primary election, according to data released by the California Secretary of State’s office, which manages elections. The figure represents 1.73 percent of all mail-in ballots.
According to the data released earlier this month, more than 93,000 mail-in ballots were rejected by officials because they arrived too late. Another 8,300 were rejected because there was no voter signature on the ballot, and nearly 44,000 were rejected due to a non-matching signature.
Meanwhile, some 580 weren’t used because no photo ID was provided, more than 740 were rejected because the voter had already voted, around 640 were rejected because the ballot was missing from the envelope, and roughly 450 were flagged as having multiple ballots in each envelope, the election figures show.
The data provided by the office did not list the rejected ballots by party registration.
The rejection rates varied by county, with Tulare County having the highest rate at 3.52 percent. Alpine and Merced counties saw 3.36 percent rejection rates, according to the data. The lowest was reported in Placer County, with a 0.93 percent rejection rate.
Los Angeles County, the county with the highest population and most voters, reported a 1.34 percent rejection rate, while San Diego County saw a 1.37 percent rate, the figures show.
The 2026 primary rejection figures are up from the 2024 primary, when 108,982 mail ballots were tossed, representing a 1.56 percent increase, according to the California Secretary of State’s office.
Kim Alexander, the head of the California Voter Foundation, told media outlets this week that ballot rejections during the primary election last month were largely due to them being mailed too late.
“Ballots rejected due to lateness are caused primarily to being postmarked too late to count, not because they arrived too late to count,” Alexander told The Associated Press.
Following last month’s primary, President Donald Trump criticized California’s election system. At one point, he questioned results showing Los Angeles mayoral candidate Spencer Pratt falling to third place behind two Democrats.
“Not possible for Spencer Pratt to have lost the L.A. runoffs after the big lead he had,” Trump wrote on social media at the time. “Rigged Elections!”
California Gov. Gavin Newsom’s office has sought to counter claims made by Trump that elections are being mismanaged in the state, including a post issued on X last week.
“California law is clear: You MUST be a U.S. citizen to vote state and federal elections,” the post said. “Voter fraud is EXTREMELY RARE – and almost always committed by U.S. citizens.”
Newsom added that the Trump administration has “provided NO evidence to support” recent claims of non-citizens being registered to vote in California. It came as Department of Homeland Security Secretary Markwayne Mullin said on July 17 that around 250,000 non-citizens were registered in New Jersey, Nevada, Pennsylvania, and California.
The Trump administration has sought to tighten rules around mail-in ballots, issuing an executive order that would create a voter list regarding who could get a mail-in ballot during elections that was blocked by a judge in late June. Trump has long said, especially in the lead-up to and after the 2020 election, that voting by mail leads to fraud and irregularities.
On Thursday, Sen. Tammy Baldwin (D-Wis.) and Wisconsin Gov. Tony Evers called on the U.S. Postal Service to address delays in the state in April.
“Hundreds of absentee ballots received by the Postal Service before Wisconsin’s Spring Election were delivered after Election Day, preventing them from being counted,” the two Democrats wrote to U.S. Postmaster General David Steiner.
The California Secretary of State’s office did not respond to a request for comment on Friday.
The Associated Press contributed to this report
END
Catherine Herridge Uncovers Shocking Revelations About The Biden Family
Sunday, Jul 26, 2026 – 12:50 PM
Authored by Steve Watson via Modernity.news,
Investigative journalist Catherine Herridge has uncovered records pointing to Chinese blackmail efforts targeting the Biden family – documents that sat in plain sight for the legacy media, the FBI, and the CIA, only to be met with willful blindness.
In a recent appearance discussing declassified materials related to China’s 2020 election influence operations, Herridge described finding references to blackmail by China that were prepared for inclusion in the president’s daily brief.
“I found these records which are talking about blackmail by China,” Herridge explained, adding “It was for President Biden’s daily brief. I can conclude, I think, that it was probably about targeting his family.”
She noted that the findings, along with broader evidence of suppressed intelligence on Chinese influence, were ignored and buried in order to protect Democratic power, stating tghat “in the media or legacy media there was kind of a willful blindness. They didn’t want to look at the records. All you had to do was spend a couple of hours.”
Full segment:https://www.youtube.com/embed/hy3e_1HiTPk?si=1her9LSNvPjdqkaI
These findings come in the wake of President Trump’s primetime address to the nation last week, announcing newly declassified intelligence detailing China’s massive compromise of U.S. voter data and the intelligence community’s efforts to bury it.https://modernity.news/2026/07/17/networks-stage-media-blackout-as-trump-drops-bombshell-declassified-intel/embed/
Herridge, a veteran Emmy-winning investigative reporter, has previously pursued stories on the Hunter Biden laptop, the Biden family’s foreign business dealings, and related corruption allegations – reporting that put her at odds with CBS leadership and the broader media consensus.
In February 2024 she was among those laid off in a round of cuts. CBS then seized her reporting files, including materials involving confidential sources. Testifying before the House Judiciary Committee, Herridge described the seizure in stark terms: “When my records were seized I felt it was a journalistic rape.”
She added that “CBS News’ decision to seize my reporting records crossed a red line that I believe should never be crossed by any media organization” and that “When the network of Walter Cronkite seizes your reporting files, including confidential source information, that is an attack on investigative journalism.”
She has maintained that she simply “reported out the facts of the story. I called balls and strikes.” The network eventually returned the files under pressure from the House Judiciary Committee and her union.
Earlier, during the 2020 campaign, the Biden team had already labeled her a “partisan, rightwing hack.” Her treatment fits a pattern of institutional pushback against journalists who refused to look away from the Biden family’s financial ties.
Those ties have been documented for years. House Oversight Committee investigations, led by Chairman James Comer, obtained bank records and witness accounts showing Chinese Communist Party-linked money flowing to Biden family members.
Comer stated that the documents demonstrated the family had received funds from CCP-connected entities and that family members “attempted to sell access & influence around the world.”
A subsequent memorandum detailed more than $10 million in foreign money linked to Biden family members and associates, including previously undisclosed Romanian payments and millions tied to CEFC China Energy and related entities.
Republicans highlighted wires that reached multiple family members and questioned what services, if any, were provided in return. Comer accused the White House of running interference rather than correcting the record.
IRS whistleblowers later provided additional detail on Joe Biden’s proximity to Hunter Biden’s China deals. One text message from Hunter to a Chinese businessman read in part that he was “sitting here with my father” and demanded fulfillment of a financial commitment, warning of consequences involving “the man sitting next to me.”
Business associate Rob Walker told the FBI that Joe Biden had stopped by a CEFC-related lunch at Hunter’s request to bolster the deal. Whistleblowers described DOJ restrictions that limited questions about “the big guy” or “dad,” blocked certain warrants on optics grounds, and produced a far softer outcome than the felony charges the IRS had recommended for millions in unreported foreign income from China, Ukraine, and Romania.
President Trump highlighted the same material in 2023, declaring that “Crooked Joe Biden Is Compromised, Owned By China.” He quoted the Hunter text and noted the rapid transfer of millions from Chinese sources, arguing that Beijing understood the leverage it held.
Further evidence of parallel communication channels emerged when investigative journalist Peter Schweizer revealed that Hunter Biden paid for a secret AT&T global “burner” phone used by Joe Biden during his vice presidency.
When journalist John Solomon dialed the number, Joe Biden answered before hanging up. Schweizer shared the account details with the House Oversight Committee in hopes of obtaining records that could illuminate contacts with foreign executives.
Taken together, the pattern is consistent: large foreign payments, documented proximity of the then-vice president and later president to the deals, internal efforts to limit scrutiny, and a media apparatus that treated the most serious questions as radioactive.
Herridge’s latest examination of the declassified China records simply adds another layer – references to blackmail pressure that reached the level of the president’s daily brief – yet once again the institutional response has been to look away.
The American people were told for years that these matters were conspiracy theories or Russian disinformation. The bank records, the texts, the whistleblower testimony, the phone, and now the intelligence product references say otherwise.
Accountability still matters. The full scope of foreign leverage over the Biden family remains a question of national security.
END
If This Isn’t Treason, What Is?
Monday, Jul 27, 2026 – 05:00 AM
Authored by Steve Watson via Modernity News,
A newly revealed internal memo from the final days of the Biden administration exposes a calculated scheme to grant de facto amnesty to more than 3 million foreign nationals through Temporary Protected Status expansions, explicitly designed to block President Trump from carrying out the mass deportations the American people voted for.
Senator Eric Schmitt obtained the document, which laid out options to shield vast numbers of Guatemalans, Ecuadorians, Nicaraguans, Venezuelans and others from removal.
The plan aimed to force everything through activist judges and trap the incoming administration in years of litigation. As one post put it bluntly, this was a last-minute bid to protect foreign invaders before Trump took office.
The memo, dated around January 2025 though erroneously marked 2024 in places, estimated potential new TPS eligibility for roughly 1.5 million Guatemalans, 600,000 Ecuadorians, 464,000 Nicaraguans, 455,000 Venezuelans, plus smaller groups from Ukraine, Sudan and Afghanistan.
The total exceeded 3.1 million people. Senior advisors recommended creating 2.1 million new TPS designees in the administration’s closing weeks, even while acknowledging that TPS applications take six months to process.
Schmitt commented, “My investigation uncovered that the Lame Duck Biden White House tried to keep millions of illegal aliens in our country by abusing the ‘Temporary’ Protected Status program.”
“After the American people voted for President Trump’s promise to end the TPS scam, the Biden administration tried to subvert the will of the American people,” he continued, adding “This was mass amnesty-by-decree. America is for Americans, and it is our home – it is not a permanent refugee camp.”
Schmitt further urged that “Biden tried to turn TPS into a 3.1-million-person deportation shield, protect Tren de Aragua members, and trap President Trump in years of litigation.”
The most disturbing part, Schmitt noted, was the push to create millions of new designees so late in the term. “Luckily, that never happened and we have been deporting Ecuadorians and Guatemalans.”
The memo itself referenced past court battles. It noted that prior federal litigation during Trump’s first term had successfully halted efforts to terminate TPS for countries including Sudan, Nicaragua, Haiti, El Salvador, Nepal and Honduras, largely because of incomplete factual records.
It suggested the Biden team was prepared for more of the same under the new administration. Stakeholders, including a list of Democratic senators, had requested new designations for Ecuador and Guatemala in particular.
One week after the memo’s circulation, the Biden administration extended TPS protections for nearly a million noncitizens. The full 3-million-plus plan was not fully executed, but the intent was clear: leave Trump with an even larger protected population and a thicket of lawsuits.
The contrast with what Trump has already delivered could not be sharper. Under this administration, migrant encounters at the southwest border have collapsed to historic lows not seen in more than half a century.
Fiscal year 2025 recorded just 237,538 Border Patrol encounters – the lowest annual total since 1970 – after years of Biden-era peaks above 2 million. Monthly southwest border apprehensions have stayed under 10,000 for consecutive months, with June 2026 at 9,848, a 94 percent drop from the Biden monthly average and 96 percent below the previous peak.
Fourteen straight months of zero releases by Border Patrol have turned the border from a free-for-all into a controlled line. Would-be crossers are staying home because the message is finally clear: you will not be released into the interior.
Trump Administration senior official Stephen Miller has recently made plain that every single Haitian migrant is going back to Haiti under Trump. The administration is not playing games with “temporary” status that somehow becomes permanent.
Miller: Every Single Haitian Migrant Is GOING BACK to Haiti Under Trump
We have seen the dire consequences of the open-borders years stacking up. Most recently, an illegal alien was alleged to be the ringleader in a terror plot targeting government officials at the UFC White House event.
“This illegal alien from Mexico should never have been allowed in our country”
he real price of this mass illegal immigration is measured in American lives destroyed. Young women, fathers, toddlers, ordinary citizens going about their days have paid the ultimate price because politicians and bureaucrats treated the border as a suggestion and enforcement as optional.
Another Young American Woman’s Life Ruined By Sickening Illegals…
Pregnant Dallas teen survives road-rage ambush by illegals — but her unborn baby does not
It Just Keeps Happening OVER AND OVER AGAIN…
Salvadoran migrant stabs two women to death in separate knife attacks on Long Island
It Just Never Ends: Another American Dead At The Hands Of An Illegal Alien
Biden-era border release policies leave a Georgia father of two dead
In one case, an illegal alien bit a portion of a toddler’s face off and ate it. The horror is almost beyond comprehension, yet it occurred on American soil under policies that prioritized foreign nationals over citizens.
Illegal Alien BITES TODDLER’S FACE OFF And Eats It
San Antonio mother describes horror as illegal from India attacks family at park, leaving 3-year-old with devastating facial injuries
Another Day, Another American MURDERED By An Illegal Alien…
Virginia sanctuary policies enable yet another preventable killing as Governor shields criminal illegals
Democrats empowered sick criminal illegal alien predators to prey on women and children. The record is clear and damning.
Even CNN has been forced to concede that Democrats are now cooked on immigration. The public saw the chaos, the crime, the costs, and rejected it.
Even CNN Says Democrats Are COOKED On Immigration
Absolutely no one wants open border madness
These are the predictable results of deliberate policy choices that flooded communities with unvetted people, stretched law enforcement thin, and treated American citizens as an afterthought.
TPS was never meant to become a permanent shield for millions. “Temporary” was the operative word. Turning it into a mass-protection racket against the explicit will of voters crosses a line that should alarm anyone who still believes sovereignty matters.
The memo’s authors understood the stakes. They knew Trump intended to end the TPS scam. They prepared litigation strategies in advance. They calculated the numbers. They recommended action in the lame-duck window.
That is not ordinary bureaucratic inertia. That is an attempt to lock in the results of open-borders policies after the public rejected them at the ballot box.
President Trump’s team is already moving to reverse course. Deportations are underway. Extensions are being challenged and terminated where the law allows. The Supreme Court has cleared paths in key cases. The era of treating TPS as a backdoor amnesty is over for those serious about restoring the rule of law.
Mass deportations must be supercharged, not slowed by leftover bureaucratic landmines. The people who wrote and advanced this memo sought to aid and abet the continued presence of millions who have no right to remain.
If that does not qualify as a profound betrayal of the constitutional order and the citizens it exists to protect, the word has lost its meaning.
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.
END
SEATTLE
Shootout Erupts At Seattle Festival, Killing 3; Second Gunman On The Run
Monday, Jul 27, 2026 – 07:45 AM
Seattle police are searching for a second suspect after two gunmen allegedly exchanged fire inside the crowded Bite of Seattle festival beneath the Space Needle, killing three people and wounding four others, including a 2-year-old boy.
Assistant Seattle Police Chief Tyrone Davis told reporters late Sunday that investigators believe the suspects were shooting at each other when bystanders were caught in the crossfire.
One suspect surrendered at the scene, while the second remains at large.
“We’re still trying to figure this out,” Davis said.
Suspect Number One:
Davis described the suspect in custody as “a young person” who was being questioned by investigators. He said that individual was the only gunman officers witnessed opening fire. He noted that police did not discharge their weapons during the confrontation.
A Seattle Times reporter at the festival described hearing several loud pops followed by what sounded like rapid gunfire.
“It was just pure chaos,” one festival attendee said.
Authorities have not indicated that the shooting is being investigated as terrorism, despite the heightened security following the Islamist attack at Berlin’s Pride festival over the weekend. The State Department has also outlined a far-left threat across the West.
GREG HUNTER..ALEX NEWMANN
Deep State Voter Fraud Fight to the Death – Alex Newman
By Greg Hunter On July 25, 2026 In Market Analysis, Political Analysis9 Comments
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Journalist Alex Newman is an expert on the so-called Deep State. He is the author of the longtime popular book “Deep State” and, most recently, “Deep State 2.0.” The Deep State is not a conspiracy theory. It is a conspiracy fact. This year, the Deep State will be going to war with the Trump Administration to hold onto the voter fraud that has won them elections for many years. Without voter fraud, Deep State Democrats lose and lose big in the midterms. They are fighting every way they can to keep the cheating going. The Trump Administration is threatening fines and jail time if the Dems in Blue States “Refuse to Cooperate to Secure Elections.” It is so bad that Harvard PhD and political expert Dr. Jerome Corsi says President Trump must “Stop Voter Fraud or Lose the Republic.” The fight is going to get much more intense and violent before the midterm elections in November. Alex Newman says, “Voter integrity is one of the arenas where this fight to the death is taking place. We are going to determine in the not-so-distant future if the Deep State and those who hate America and our Constitutional Republic are going to control the most powerful military and most powerful economy in the world, or are ‘We the People’ going to exert control over the government we created to protect our liberties? It will be a fight to the death. There is no option these two can end up with control of the government. We have a long fight ahead.”
This is no small thing as the very existence of America hangs in the balance in November. Newman says, “I don’t think the Left, the Deep Staters or totalitarians are going to roll over and play dead here. They realize everything is at stake, and if they get caught, a lot of them are going to end up in jail. . .. We are talking about treason, and that is a key point to understand. This is not just a little crime, a misdemeanor or steering government contracts to your brother-in-law. This is an effort to subvert our form of government. . .. President Trump made it very clear that this is not just a domestic subversive movement. He made clear there are international forces involved such as communist China very directly . . . as one of the players to rig our elections. . .. President Trump spoke about how Deep State swamp creatures within the intelligence agencies and law enforcement deliberately suppressed the information they had about communist China trying to manipulate and steal our elections. What we are talking about, to be very clear, is treason. It’s an effort to seize control or perpetuate control over the most powerful country on the face of the earth.”
If the Deep State loses total control, Newman says you can expect the very worst. Newman explains, “I believe there is a very good chance that this goes nuclear. That might be the Iranians trying to launch a nuke . . . or the Russians trying to use a nuke, or it could be the communist Chinese using a nuke. I think that is a very real possibility, especially if it looks like the whole thing is going to unravel and Americans are going to regain control of their country.”
The Deep State has tentacles all over the world, including the International Criminal Court, the UN and politicians installed in governments of many of our so-called allies.
In closing, Newman says, “I think we all need to be involved, and we all need to be praying for the President. In fact, the Bible commands us to pray for those in authority whether you like them or not. We need to recognize this is much bigger than a personality and much bigger than a party. Please recognize that right now, President Trump, his Administration and the Hand of God are the only things standing between the people of the United States with our liberties and constitutional form of government and a global totalitarian political, economic and religious system that they have been telling us about openly for decades. . .. We better hope Trump succeeds and do everything in our power to help him succeed. One of the key milestones is making sure we have a secure 2026 Election. . .. We are playing for all the marbles. That is a very good way to put it. If Donald Trump is not successful, I don’t know if we are going to have another opportunity to stop this . . .. controlled demolition of America.”
There is much more in the jam-packed 43-minute interview.
There is an 8-minute video to explain how easy it is to ride out any terror attack or extreme storm. You can get more information at Sat123.com and Darkbags.com . You can also get tech support or customer service from a real human by calling 855-980-5830.
Go to EscapeZone.com for Faraday bags both very big & small and clothing or call 702-825-0005 and talk to a real human there too.
Join Greg Hunter of USAWatchdog as he goes One-on-One with hard-hitting journalist Alex Newman to talk about the stunning new Deep State revelations found in his new book called “Deep State 2.0” and the fight to the death coming for voter integrity coming this November for 7.25.26.
After the Interview:
To order “Deep State 2.0” click here.
To support Alex Newman with electronic donations, click here.
Newman’s website is called LibertySentinel.org. There is lots of free information and articles.
For the Liberty Pastors Training Camp, click here.
(Please support the people who risk it all to bring you the truth.)
You can also use snail mail for donations to Newman below:
Liberty Sentinel Media, Inc.
11767 S. Dixie Hwy #336
Pinecrest, FL 33156
harveyorganblog.com 
